kenie

kenie007 | Joined since 2019-10-21

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Stock

2019-09-05 17:10 | Report Abuse

10.04.2018 The Company informs Bursa that it is still unable to finalise its Annual Report 2016 and is awaiting reports on the litigation involving subsidiaries in China and checks on the status of Jinjiang Baixing’s factory facility at Xinbin Farm

Stock

2019-11-06 16:57 | Report Abuse

Seasonality or cyclicality of operation
The Group does not have any business operations for the quarter ended 30 June 2019 and is therefore not affected by seasonality or cyclicality of operation.

Stock

2019-11-06 17:19 | Report Abuse

Insider Notice of ceasing to be substantial holder - MR ERWIN SELVARAJAH A/L PETER SELVARAJAH Disposed 61,700,000 shares on 01-Nov-2019.

Stock

2019-09-06 19:15 | Report Abuse

MSPORTS - SUSPENSION OF TRADING
We refer to MSPORTS' announcement dated 22 October 2019 where the Company announced that it is unable to submit its Anual Report including its Annual Audited Accont for financial year ended 30 June 2019 (“AR 2019") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated time frame i.e. 31 October 2019 pursuant to Paragraph 9.23(1) of Bursa Securities' Main Market Listing Requirements ("LR").

Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes stated in Paragraph 9.22 and 9.23 of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.

In view of the above, the trading in the above Company's share will be suspended with effect from 9.00 am, Friday, 8 November 2019 until further notice.

Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant time frames, in addition to any enforcement action that Bursa Securities may take; de-listing procedures shall be commenced against such listed issuer.

Date Announced 24 Oct 2019

Stock

2019-11-02 13:28 | Report Abuse

Winding-up petitions against Sumatec Resources Berhad (Sumatec) by Malaysian Trustees Berhad, Kerisma Berhad, Capone Berhad and Prima Uno Berhad (the Bondholders)
SUMATEC RESOURCES BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-30102019-00001
Subject Winding-up petitions against Sumatec Resources Berhad (Sumatec) by Malaysian Trustees Berhad, Kerisma Berhad, Capone Berhad and Prima Uno Berhad (the Bondholders)
Description BURSA QUERY DATED 31 OCTOBER 2019 "WINDING-UP PETITIONS AGAINST SUMATEC RESOURCES BERHAD (SUMATEC) BY MALAYSIAN TRUSTEES BERHAD, KERISMA BERHAD, CAPONE BERHAD AND PRIMA UNO BERHAD (THE BONDHOLDERS)
Query Letter Contents
We refer to your Company’s announcement dated 17 October 2019 in respect of the aforesaid matters.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

The date on which the Official Receiver was appointed;
The status of the Board of Directors of Sumatec after the winding-up order and the appointment of the Official Receiver; and
Status of the application to proceed with the hearing of the Notice of Motion of Stay of the winding-up order.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

Listing

Regulation

Cc : Market Surveillance Dept., Securities Commission (via fax)

We refer to Bursa Securities letter dated 31 October 2019, below is our reply to the questions raised;

Q1: The date on which the Official Receiver was appointed

Answer – The Official Receiver / Interim Liquidator was appointed on 15.10.2019.

Q2: The Status of the Board of Directors of Sumatec after the Winding-Up Order and the appointment of the Official Receiver

Answer – The Board of Directors have lost control of the Company and the Official Receiver has been appointed. However, as far as we have been informed the Official Receiver has not yet received the Winding-Up Order.

Q3: Status of the application to proceed with the hearing of the Notice of Motion of Stay of the winding-up order.

Answer – The Notice of Motion of Stay has been fixed for case management on 22.11.2019. The Company’s solicitors will make the necessary application for the sanction to the Official Receiver in order to proceed with the hearing of the Notice of Motion.

This announcement is dated 1 November 2019.


Malaysian Trustees Berhad ,Kerisma Berhad,Capone Berhad和Prima Uno Berhad(债券持有人)对 Sumatec Resources Berhad(Sumatec)的清盘请愿
SUMATEC RESOURCES BERHAD

输入回复查询
答复马来西亚交易所的查询函-参考ID IQL-30102019-00001
Malaysian Trustees Berhad,Kerisma Berhad,Capone Berhad和Prima Uno Berhad(债券持有人)针对Sumatec Resources Berhad(Sumatec)的主题清盘请愿
描述BURSA QUERY日期为2019年10月31日
查询信件内容
我们参考贵公司于2019年10月17日发布的有关上述事项的公告。
为此,请向布尔萨证券提供以下附加信息,以供公众发布:

委任破产管理署署长的日期;
清算令和任命破产管理署署长后苏美泰克董事会的地位;和
继续听取清盘令中止动议通知书的申请状态。
请在此日期后的一(1)个交易日内向Bursa Securities提供您的答复。

您忠诚的

清单



抄送:证券委员会市场监控部(通过传真)

我们参考2019年10月31日的大马证券交易所的信函,以下是我们对提出的问题的答复;

问题1:指定破产管理署署长的日期

答案-破产管理署署长/临时清盘人于2019年10月15日获委任。

Q2:Sumatec董事会在清盘令和官方接管人任命后的地位

答案–董事会失去了对公司的控制权,并且任命了破产管理署署长。不过,据我们所知,破产管理署署长尚未收到清盘令。

Q3:进行聆讯清盘令中止动议的申请书的状态。

答案-``中止动议通知书''已于2019年11月22日修复,以进行案件管理。本公司的律师将向破产管理署署长提出制裁的必要申请,以便继续聆讯动议通知书。

本公告日期为2019年11月1日。

Stock

2019-11-02 13:32 | Report Abuse

APPLICATION FOR AN EXTENSION OF TIME TO COMPLY WITH PARAGRAPH 8.04(3) AND PRACTICE NOTE 17 (PN17) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("MMLR")
SUMATEC RESOURCES BERHAD

Bursa Securities has received a letter dated 29 October 2019 from the company seeking for indulgence to apply for an extension of time for the company to submit its regularisation plan to the regulatory authorities after such time the Court of Appeal's decision on the Notice of Motion of Stay filed at the Court of Appeal.


Announcement Info
Company Name SUMATEC RESOURCES BERHAD
Stock Name SUMATEC
Date Announced 31 Oct 2019

申请延长时间以符合Bursa马来西亚证券有限公司(“ BURSA证券”)(“ MMLR”)主要市场上市要求的第8.04(3)段和第17(PN17)条的规定
SUMATEC RESOURCES BERHAD

大马证券交易所(Bursa Securities)已收到该公司日期为2019年10月29日的信函,以寻求放宽申请时间,以便该公司在上诉法院就《中止动议通知》作出决定后向监管机构提交其正规化计划 提交上诉法院。

公告信息
公司名称SUMATEC RESOURCES BERHAD
股票名称SUMATEC
公布日期2019年10月31日

Stock

2019-11-02 13:25 | Report Abuse

SUMATEC -Suspension
SUMATEC RESOURCES BERHAD

SUMATEC had on 17 October 2019 announced that the Court has granted a Winding Up Order against the Company in respect to Winding Up Petition.

Pursuant to Paragraph 16.02(1)(j) of the Main Market Listing Requirements, the trading in the securities of SUMATEC will be suspended with effect from 9.00 a.m., Thursday, 7 November 2019 until further notice.

SUMATEC-暂停交易
SUMATEC RESOURCES BERHAD

SUMATEC于2019年10月17日宣布,法院已就清盘呈请向公司授予清盘令。

根据主要市场上市要求第16.02(1)(j)段的规定,SUMATEC证券的交易将从2019年11月7日星期四上午9:00起暂停,直至另行通知。

Stock

2019-11-02 13:21 | Report Abuse

OTHERS WINDING UP PETITIONS AGAINST SUMATEC RESOURCES BERHAD ("THE COMPANY" OR "SUMATEC") BY MALAYSIAN TRUSTEES BERHAD (MTB), KERISMA BERHAD, CAPONE BERHAD AND PRIMA UNO BERHAD (The BONDHOLDERS)
SUMATEC RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description WINDING UP PETITIONS AGAINST SUMATEC RESOURCES BERHAD ("THE COMPANY" OR "SUMATEC") BY MALAYSIAN TRUSTEES BERHAD (MTB), KERISMA BERHAD, CAPONE BERHAD AND PRIMA UNO BERHAD (The BONDHOLDERS)
Reference is made to the Company's announcements dated 9 January 2017, 13 January 2017, 3 March 2017, 6 March 2017, 17 March 2017, 28 April 2017, 2 October 2017, 3 October 2017, 17 October 2017, 10 November 2017, 22 November 2017, 4 December 2017, 21 December 2017, 22 December 2017, 5 January 2018, 19 January 2018, 29 January 2018, 30 January 2018, 28 February 2018, 17 April 2018, 17 May 2018, 8 June 2018, 30 August 2018, 26 November 2018, 14 December 2018, 28 January 2019, 22 February 2019, 11 March 2019, 1 August 2019, 24 September 2019 and 7 October 2019 in respect of the aforesaid matter.

Pursuant to the hearing fixed on 15 October 2019 before Yang Arif Dato’ Abu Bakar bin Jais, the Company wishes to announce as follows:-
(a) Sumatec has filed a fresh application for a stay of proceedings pending disposal of Notice of Motion for Stay at the Court of Appeal (Enclosure 114). However the said application is dismissed with no order as to costs;
(b) The Court has granted a Winding Up Order against Sumatec in respect to Winding Up Petition (Enclosure 1) with costs of RM5,000.00 to be paid to the Petitioners and costs of RM2,500.00 to be paid to Continental Industrial Supplies and Services Ltd LLP (CISS) as a supporting creditor.
(c) Prior (b) of the Winding Up Petition which deals with the appointment of a private liquidator is fixed for case management together with Reach mont Logistic Sdn Bhd’s application to appoint their choice of liquidator on 6.11.2019.
(d) Sumatec’s application to discharge the Provisional Liquidator (Enclosure 55) is struck out with no order as to costs.

As such, the Company has instructed its solicitors to appeal against the decision of the High Court in respect of the Winding Up Order to the Court of Appeal.

In regard to the Notice of Motion of Stay filed at the Court of Appeal in respect of the Judgment of the Court of Appeal dated 16.4.2018, the Company’s solicitors will make the necessary application for the sanction to the Official Receiver in order to proceed with the hearing of the Notice of Motion.

This announcement is dated 17 October 2019.

其他人反对由马来西亚受托人柏拉德(MTB),KERISMA柏拉德,CAPONE柏拉德和PRIMA UNO BERHAD(债权人)反对SUMATEC资源柏拉德(“公司”或“ SUMATEC”)
SUMATEC RESOURCES BERHAD

类型公告
主题其他
说明由MALAYSIAN TRUSTEES BERHAD(MTB),KERISMA BERHAD,CAPONE BERHAD和PRIMA UNO BERHAD(债券持有人)对SUMATEC RESOURCES BERHAD(“公司”或“ SUMATEC”)的清算请求
兹提述本公司日期为2017年1月9日,2017年1月13日,2017年3月3日,2017年3月17日,2017年3月17日,2017年4月28日,2017年10月2日,2017年10月3日,2017年10月17日,2017年11月10日,11月22日的公告2017年2017年12月4日,2017年12月21日,2017年12月22日,2018年1月5日,2018年1月19日,2018年1月29日,2018年1月30日,2018年2月28日,2018年4月17日,2018年5月17日,2018年6月8日,2018年8月30日,就上述事宜,于2018年11月26日,2018年12月14日,2019年1月28日,2019年2月22日,2019年3月11日,2019年8月1日,2019年9月24日及2019年10月7日。

根据2019年10月15日在Yang Arif Dato’ Abu Bakar bin Jais之前举行的听证会,公司将宣布以下内容:
(a)Sumatec已提出新的中止诉讼程序的申请,以待在上诉法院处置中止动议通知之前(附件114)。但是,上述申请没有任何费用就被驳回;
(b)法院已就Sumatec的清盘呈请(附件1)下达清盘令,分别向请愿人支付5,000.00令吉和向大陆工业用品与服务公司支付2,500.00令吉的费用。有限公司LLP(CISS)作为支持债权人。
(c)处理案件的清算申请书的(b)优先事项(b)已与案卷管理一起确定,并与Reach mont Logistic Sdn Bhd的申请书一起在6.11.2019任命他们选择清算人。
(d)Sumatec取消临时清盘人的申请(附件55)被取消,没有任何费用命令。

因此,公司已指示其律师对高等法院有关清盘令的裁决提出上诉。

关于上诉法院于2018年4月16日就上诉法院的判决而提出的《中止动议通知》,本公司的律师将向破产管理署署长提出必要的制裁申请,以便继续进行听取动议通知书。

本公告日期为2019年10月17日。

Stock

2019-11-02 13:16 | Report Abuse

i)接受Markmore Energy Labuan Limited(MELL)(暂停)的GDPA规定的天然气加工活动中止通知ii)2012年3月8日终止开发Rakushechnoye油气田(JIA)的联合投资协议的通知(终止)
SUMATEC RESOURCES BERHAD

输入回复查询
回复马来西亚交易所的查询函-参考ID IQL-10102019-00001
主题i)接受Markmore Energy Labuan Limited(MELL)(暂停)的GDPA下的天然气加工活动中止通知ii)2012年3月8日终止开发Rakushechnoye油气田(JIA)的联合投资协议的通知)(终止)
说明i)接受Markmore Energy Labuan Limited(MELL)(暂停)的GDPA规定的天然气加工活动中止通知

ii)2012年3月8日终止开发Rakushechnoye油气田(JIA)的联合投资协议的通知(终止)
查询信件内容
我们参考贵公司于2019年9月30日和2019年10月7日发布的有关上述事项的公告。
为此,请向布尔萨证券提供以下附加信息,以供公众发布:
1.暂停和终止对Sumatec集团的财务和运营影响。
2.暂停和终止所产生的预期损失。
3. Sumatec针对该停赛采取或建议采取的步骤。
请在此日期后的一(1)个交易日内向Bursa Securities提供您的答复。
您忠诚的
清单

抄送:证券委员会市场监控部(通过传真)
我们提到您有关上述问题的日期为2019年10月10日的疑问。
1.停职和终止对Sumatec集团的财务和运营影响。
财务影响估计如下:
a)JIA的终止将直接导致Sumatec在Rakushechnoye油气田的大量投资到期并被没收,其原因如下:
营运权益价值为2亿7千232万6千令吉,
勘探和开发成本为2亿1千263万令吉,以及
绩效押金为1.271亿令吉
总计:6亿690千令吉
b)损失总额(包括因COG投诉引起的补救估计)估计为1.61亿林吉特。
运营影响:
i)没收Rakushechnoye油气田中碳氢化合物的开发和开采权。
ii)可能导致终止有关天然气开发,生产计划和实施的服务和咨询活动。

2.暂停和终止所产生的预期损失。
回复:保守估计损失为7.6169亿令吉

我们仍与COG和MELL保持联系,以寻求他们的放纵,让我们有更多的时间,并且我们相信,如果我们设法解决当前由遗留的运输债务引起的当前问题,那么解除暂停和终止通知的呼吁将获得积极的结果。 ,自2013年5月上一次规范化工作以来,该功能不应该再存在。

3. Sumatec针对该停赛采取或建议采取的步骤。

在寻求放纵MELL / COG的同时,我们还讨论了继续开展合作的各种方式。 MELL / COG一直在理解,我们决心提出以下计划:
a)涉及供股的筹资活动,筹集高达1亿令吉的资金; (于2019年10月7日宣布)
b)与Sumatec集团的债权人达成的和解安排,涉及对每位欠债权人的1.00令吉的和解金额为0.15令吉。 (于2019年10月7日宣布)
c)公司关于参与MELL的冷凝水提取厂的提案。这是关系的积极部分,我们正在努力消除法律问题。 (2018年3月30日宣布)
本公告日期为2019年10月16日

Stock

2019-11-02 13:12 | Report Abuse

i) Acceptance of notice of suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited (MELL)(Suspension)ii) Notice of termination of the joint investment agreement dated 8 March 2012 for the development of Rakushechnoye Oil and Gas Field (JIA) (Termination)
SUMATEC RESOURCES BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-10102019-00001
Subject i) Acceptance of notice of suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited (MELL)(Suspension)ii) Notice of termination of the joint investment agreement dated 8 March 2012 for the development of Rakushechnoye Oil and Gas Field (JIA) (Termination)
Description i) Acceptance of notice of suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited (MELL)(Suspension)

ii) Notice of termination of the joint investment agreement dated 8 March 2012 for the development of Rakushechnoye Oil and Gas Field (JIA) (Termination)
Query Letter Contents
We refer to your Company’s announcements dated 30 September 2019 and 7 October 2019 in respect of the aforesaid matters.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1. The financial and operational impact of the Suspension and Termination on Sumatec group.
2. The expected losses arising from the Suspension and Termination.
3. The steps taken or proposed to be taken by Sumatec in respect of the Suspension.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully
Listing
Regulation
Cc : Market Surveillance Dept., Securities Commission (via fax)
We refer to your queries dated 10 October 2019 concerning the above matter.
1.The financial and operational impact of the Suspension and Termination on Sumatec group.
Financial Impact are estimated to be as follows:-
a) Termination of JIA will directly cause the expiration of substantial investment and forfeiture of deposit of Sumatec on the Rakushechnoye oil and gas field as follows:
The value of working interest at RM272.326 million,
Exploration and Development cost at RM201.263 million and
Performance Deposit at RM127.1 million
Total : RM600.69 million

b) The total loss which includes remedied estimates arising from COG’s complaints are estimated to be RM161million.
Operational Impact:

i) Forfeiture of the development and extraction right of hydrocarbons in the Rakushechnoye oil and gas field.

ii) It can lead to termination of the services and consultancy activities on gas development and production planning and implementation.

2. The expected losses arising from the Suspension and Termination.
Reply: A conservative estimate of RM761.69 million losses
We remain in contact with COG and MELL to seek their indulgence to give us more time and we believe our appeal to lift the suspension and termination notices can be given a positive results if we manage to resolve our current issues mainly caused by the legacy shipping debts, which should not have existed anymore since the last regularisation exercise of May 2013.

3. The steps taken or proposed to be taken by Sumatec in respect of the Suspension.
While seeking the indulgence of MELL/COG we also discussed various ways to carry on to work together. MELL/COG has been understanding and we have resolved to come out with the following plan:-

a) A fund raising exercise involving a rights issue to raise up to RM100 million; (Announced on 7 Oct 2019)

b) A settlement arrangement with the creditors of Sumatec group involving a settlement amount of RM0.15 in respect of every RM1.00 owed to the creditors. (Announced on 7 Oct 2019)

c) Proposal by the Company to participate in the Condensate Extraction Plant belonging to MELL. This is the positive part of the relationship and we are striving hard to remove the legal problem. (Announced on 30 Mar 2018)

This announcement is dated 16 October 2019

Stock

2019-09-10 17:39 | Report Abuse

OTHERS WINDING UP PETITIONS AGAINST SUMATEC RESOURCES BERHAD ("THE COMPANY" OR "SUMATEC") BY MALAYSIAN TRUSTEES BERHAD (MTB), KERISMA BERHAD, CAPONE BERHAD AND PRIMA UNO BERHAD (The BONDHOLDERS)
SUMATEC RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description WINDING UP PETITIONS AGAINST SUMATEC RESOURCES BERHAD ("THE COMPANY" OR "SUMATEC") BY MALAYSIAN TRUSTEES BERHAD (MTB), KERISMA BERHAD, CAPONE BERHAD AND PRIMA UNO BERHAD (The BONDHOLDERS)
Reference is made to the Company's announcements dated 9 January 2017, 13 January 2017, 3 March 2017, 6 March 2017, 17 March 2017, 28 April 2017, 2 October 2017, 3 October 2017, 17 October 2017, 10 November 2017, 22 November 2017, 4 December 2017, 21 December 2017, 22 December 2017, 5 January 2018, 19 January 2018, 29 January 2018, 30 January 2018, 28 February 2018, 17 April 2018, 17 May 2018, 8 June 2018, 30 August 2018, 26 November 2018, 14 December 2018, 28 January 2019, 22 February 2019, 11 March 2019, 1 August 2019 and 24 September 2019 in respect of the aforesaid matter.

The Company wishes to announce that based on 5 October 2019 case management on:-
(a) the decision on Encl. 55, Sumatec’s application to discharge the Provisional Liquidator;
(b) the decision on Encl. 76, Sumatec’s application for a stay of proceedings pending disposal of Sumatec’s appeal to the Court of Appeal against the decision in striking out the Fraud Claim against MTB;
(c) the hearing of Encl. 1, the winding up petition; and
(d) the case management of the Encl. 42, Reachmont’s application to appoint a private liquidator.

The Court fixed the Encl. 55 and Encl. 1 for decision and Encl. 42 for case managment on 15.10.2019 at 3 p.m.

The Court dismissed the application for a stay of proceedings (Encl. 76) with costs of RM3,000 to be paid to MTB and RM2,500 to be paid to CISS. However, the Company may consider to file a fresh application for a stay if the ground to dismiss Encl. 76 is because no affidavit of service was filed.

This announcement is dated 7 October 2019.

其他人反对由MALAYSIAN TRUSTEES BERHAD(MTB),KERISMA柏拉德,CAPONE BERHAD和PRIMA UNO BERHAD(债权人)反对SUMATEC RESOURCES BERHAD(“公司”或“ SUMATEC”)
SUMATEC RESOURCES BERHAD

类型公告
主题其他
说明由MALAYSIAN TRUSTEES BERHAD(MTB),KERISMA BERHAD,CAPONE BERHAD和PRIMA UNO BERHAD(债券持有人)对SUMATEC RESOURCES BERHAD(“公司”或“ SUMATEC”)的清算请求
兹提述本公司日期为2017年1月9日,2017年1月13日,2017年3月3日,2017年3月17日,2017年3月17日,2017年4月28日,2017年10月2日,2017年10月3日,2017年10月17日,2017年11月10日,11月22日的公告2017年2017年12月4日,2017年12月21日,2017年12月22日,2018年1月5日,2018年1月19日,2018年1月29日,2018年1月30日,2018年2月28日,2018年4月17日,2018年5月17日,2018年6月8日,2018年8月30日,就上述事宜,于2018年11月26日,2018年12月14日,2019年1月28日,2019年2月22日,2019年3月11日,2019年8月1日及2019年9月24日。

 本公司谨此宣布,基于2019年10月5日的案件管理:
 (a)关于Encl的决定。 55,Sumatec申请解除临时清盘人的申请;
(b)关于Encl的决定。 76,Sumatec要求中止诉讼程序,直到处理Sumatec针对针对MTB的欺诈请求的决定向上诉法院提出的上诉为止;
(c)Encl的聆讯。 1,清盘呈请;和
(d)Encl的案件管理。 42,瑞奇蒙(Reachmont)申请任命私人清盘人。

 法院确定了Encl。 55和Encl。 1用于决策和包含。 42件用于2019年10月15日下午3点的案件管理

法院驳回了中止诉讼的申请(第76条),其中有3,000令吉的费用支付给MTB,而2,500令吉的支付给CISS。但是,如果有解雇Encl的理由,公司可能会考虑提出新的中止申请。 76是因为未提交服务誓章。

本公告日期为2019年10月7日。

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2019-11-02 13:00 | Report Abuse

SUMATEC RESOURCES BERHAD(SUMATEC或公司)-终止日期为2012年3月8日的Rakusshechnoye油气田开发联合投资协议的通知(JIA)
SUMATEC RESOURCES BERHAD

类型公告
主题其他
说明SUMATEC RESOURCES BERHAD(SUMATEC或公司)-终止于2012年3月8日签署的关于开发Rakushechnoye油气田(JIA)的联合投资协议的通知
Sumatec董事会(以下简称“董事会”)谨宣布,Sumatec的全资子公司Sumatec Oil and Gas LLP(以下简称“ SOG”)已于2019年10月7日收到CaspiOilGas LLP(“ COG”)的通知。终止于2019年10月17日生效的JIA和新合同(定义见下文)(“终止通知”)。

在终止通知中,COG强调了Sumatec当前财务和法律困境所面临的制约因素,这些制约因素影响了SOG履行其履行适当投资/工作计划的义务以及为JIA下的石油运营提供必要资金的能力。 COG还要求SOG恢复以下内容:
i)确认SOG是否仍然能够继续按照JIA运行;
ii)提供保证,确保Sumatec是否能够规范其财务状况,并保留其传统航运债务债权人的清盘呈请(“清盘呈请书”);和
iii)提供适当的补救措施以解决JIA下SOG的不足,并就Sumatec现有的PN17地位,确保如何可靠地继续进行Rakushechnoye油田的石油业务融资提供可靠的计划。

笔记:
1. 2012年3月8日,公司与Markmore Energy(Labuan)Limited(“ MELL”)和COG签署了在Rakushechnoye油气田开发和开采碳氢化合物的联合投资协议(“ JIA”)。油田”)。 JIA的主要术语包括以下内容:
(i)公司的工作范围是:
(a)代表COG进行与油田生产碳氢化合物(包括液态和气态烃)(“石油”)相关的所有操作(“石油操作”),以研究,评估,开发,并生产油田的相关石油储层。
(b)在JIA之日至2025年8月25日期间完成所有开发油田的作业,
(c)提供进行石油作业所需的所有资金,机械,设备,技术,人员和服务;
(ii)JIA应于JIA生效,并于2025年8月25日到期(可延期)。

2017年9月26日,公司与SOG,MELL和COG签订了一份更新协议,据此,公司将转让给SOG,SOG接受并承担公司在JIA下的所有权利,所有权,利益,利益,义务和负债( “合作协议”)。本公司将不再是JIA的当事方,并由SOG代替。与JIA有关的转让包括权利和特许权,勘探和评估成本以及非流动其他应收款。

董事会在审议终止通知后已决定寻求放任COG终止JIA和Novation协议,因为董事会正在最终确定PN17身份的正常化和清盘呈请的计划。该计划预计将包括以下内容:
(a)涉及供股的筹资活动,筹集至多1亿令吉;
(b)公司提议参与建设用于处理油田天然气的天然气处理设施的提议;和
(c)与Sumatec集团债权人达成的和解安排,涉及对每位欠债权人的1.00令吉的和解金额为0.15令吉(“和解金额”)。在这方面,公司将写信给“清盘呈请书”的原告,以寻求其原则上就和解金额达成协议并中止诉讼。

本公司将适时根据大马证券交易所主要市场上市要求的要求,就上述事项的细节和进一步发展作出必要的公告。

本公告日期为2019年10月7日。

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2019-11-11 14:22 | Report Abuse

OTHERS SUMATEC RESOURCES BERHAD (SUMATEC OR COMPANY) - NOTICE OF TERMINATION OF THE JOINT INVESTMENT AGREEMENT DATED 8 MARCH 2012 FOR THE DEVELOPMENT OF RAKUSHECHNOYE OIL AND GAS FIELD (JIA)
SUMATEC RESOURCES BERHAD

Description SUMATEC RESOURCES BERHAD (SUMATEC OR COMPANY) - NOTICE OF TERMINATION OF THE JOINT INVESTMENT AGREEMENT DATED 8 MARCH 2012 FOR THE DEVELOPMENT OF RAKUSHECHNOYE OIL AND GAS FIELD (JIA)
The Board of Directors of Sumatec (“Board”) wishes to announce that Sumatec Oil And Gas LLP (“SOG”), a wholly-owned subsidiary of Sumatec, had on 7 October 2019 received a notice from CaspiOilGas LLP (“COG”) terminating the JIA and Novation Agreement (as defined hereunder) effective 17 October 2019 (“Termination Notice”).

In the Termination Notice, COG has highlighted the constraints faced under the current financial and legal predicaments of Sumatec which impacted SOG’s ability to comply with its obligations to carry out appropriate investment/work programs and provide necessary funding for the Petroleum Operation under the JIA. COG has also requested SOG to revert on the following:
i) to confirm whether SOG would still be able to continue operating under the JIA;
ii) to provide assurance whether Sumatec would be able to regularize its financial position and set aside the winding up petition by its legacy shipping debts creditors (“Winding-Up Petitions”); and
iii) to provide appropriate remedy to resolve SOG’s deficiency under the JIA and offer credible plan on how to ensure the financing of Petroleum Operation at Rakushechnoye Field can continue smoothly in light of Sumatec’s existing PN17 status.

Notes:
1. On 8 March 2012, the Company entered into the joint investment agreement (“JIA”) with Markmore Energy (Labuan) Limited (“MELL”) and COG for the development and extraction of hydrocarbon in the Rakushechnoye Oil and Gas Field (“Oil Field”). The salient terms of the JIA include the following:
(i) Scope of works of the Company is to:
(a) carry out all operations related to the production of hydrocarbon (including liquid and gaseous hydrocarbons) (“Petroleum”) from the Oil Field (“Petroleum Operations”), for and on behalf of COG, to study, appraise, develop, and produce the relevant Petroleum reservoirs of the Oil Field.
(b) complete all operations to develop the Oil Field within the period from the date of the JIA up to 25 August 2025,
(c) provide all capital, machinery, equipment, technology, personnel and services necessary for carrying out Petroleum Operations;
(ii) The JIA shall come into force on the date of the JIA and shall expire on 25 August 2025 (subject to extension).

On 26 September 2017, the Company entered into a Novation Agreement with SOG, MELL and COG whereby the Company will transfers to SOG and SOG accepts and assumes all the rights, title, benefits, interest, obligations and liabilities of the Company under the JIA (“Novation Agreement”). The Company shall cease to be, and shall be substituted by SOG as, a party to the JIA. The transfer related to JIA include right and concessions, exploration and evaluation cost and non-current other receivables.

The Board after deliberation on the Termination Notice has resolved to seek the indulgence of COG from terminating the JIA and Novation Agreement as the Board is in the midst of finalising a plan to regularise the PN17 status and remedy the Winding-Up Petitions. The plan is expected to involve the following components:
(a) A fund raising exercise involving a rights issue to raise up to RM100 million;
(b) Proposed participation by the Company to build a gas processing facility for the processing of gas from the Oil Field; and
(c) A settlement arrangement with the creditors of Sumatec group involving a settlement amount of RM0.15 in respect of every RM1.00 owed to the creditors (“Settlement Amount”). In this respect, the Company will write to the plaintiffs for the Winding-Up Petitions to seek their agreement-in-principle for the Settlement Amount and for a stay in the legal proceedings.

The Company will make the necessary announcement on the details and further development of the above matters in accordance with the requirements under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in due course.

This announcement is dated 7 October 2019.

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3 weeks ago | Report Abuse

OTHERS Acceptance of notice on suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited ("MELL")
SUMATEC RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description Acceptance of notice on suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited ("MELL")
The Board of Sumatec Resources Berhad ("SUMATEC") have received and accepted a notice from MELL that given the circumstances under which SUMATEC is dealing with matters still relating to shipping legacy debts which is affecting Sumatec Corporation Sdn Bhd (“SCSB”) obligation to the gas processing development activities under GDPA, all the gas processing development activities between MELL and Sumatec through its subsidiary SCSB is suspended until further notice.

This is to allow MELL and its subsidiary CaspiOilGas LLP (“COG”) to proceed on their own capabilities more smoothly and unhindered to continue pursuing the gas processing development endeavors in respect to the Rakushechnoye oil and gas field.

This announcement is dated 30 September 2019.

其他接受Markmore Energy Labuan Limited(“ MELL”)关于暂停GDPA规定的天然气加工活动的通知
SUMATEC RESOURCES BERHAD

类型公告
主题其他
描述接受Markmore Energy Labuan Limited(“ MELL”)关于暂停GDPA规定的天然气加工活动的通知
Sumatec Resources Berhad(“ SUMATEC”)董事会已收到并接受了MELL的通知,鉴于SUMATEC在何种情况下仍在处理与运输遗留债务有关的事项,这影响了Sumatec Corporation Sdn Bhd(“ SCSB”)的义务,根据GDPA的天然气加工开发活动,MELL和Sumatec通过其子公司SCSB之间的所有天然气加工开发活动都将暂停,直到另行通知。

这是为了使MELL及其子公司CaspiOilGas LLP(“ COG”)能够更加顺畅,不受阻碍地继续自身的能力,从而继续进行有关Rakushechnoye油气田的天然气加工开发工作。

本公告日期为2019年9月30日。

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2019-11-01 14:57 | Report Abuse

Acceptance of notice of suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited (MELL)(Suspension) ii) Notice of termination of the joint investment agreement dated 8 March 2012 for the development of Rakushechnoye Oil and Gas Field (JIA) (Termination)

Acceptance of notice of suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited (MELL)(Suspension)

ii) Notice of termination of the joint investment agreement dated 8 March 2012 for the development of Rakushechnoye Oil and Gas Field (JIA) (Termination)
Query Letter Contents
We refer to your Company’s announcements dated 30 September 2019 and 7 October 2019 in respect of the aforesaid matters.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1. The financial and operational impact of the Suspension and Termination on Sumatec group.

2. The expected losses arising from the Suspension and Termination.

3. The steps taken or proposed to be taken by Sumatec in respect of the Suspension.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully
Listing
Regulation

Cc : Market Surveillance Dept., Securities Commission (via fax)

We refer to your queries dated 10 October 2019 concerning the above matter.

1.The financial and operational impact of the Suspension and Termination on Sumatec group.

Financial Impact are estimated to be as follows:-

a) Termination of JIA will directly cause the expiration of substantial investment and forfeiture of deposit of Sumatec on the Rakushechnoye oil and gas field as follows:

The value of working interest at RM272.326 million,
Exploration and Development cost at RM201.263 million and
Performance Deposit at RM127.1 million
Total : RM600.69 million
b) The total loss which includes remedied estimates arising from COG’s complaints are estimated to be RM161million.

Operational Impact:
i) Forfeiture of the development and extraction right of hydrocarbons in the Rakushechnoye oil and gas field.
ii) It can lead to termination of the services and consultancy activities on gas development and production planning and implementation.

2. The expected losses arising from the Suspension and Termination.

Reply: A conservative estimate of RM761.69 million losses

We remain in contact with COG and MELL to seek their indulgence to give us more time and we believe our appeal to lift the suspension and termination notices can be given a positive results if we manage to resolve our current issues mainly caused by the legacy shipping debts, which should not have existed anymore since the last regularisation exercise of May 2013.


This announcement is dated 16 October 2019.

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2019-11-01 14:04 | Report Abuse

SCOMI ENERGY SERVICES BHD
- SESB TRIGGERS PARAGRAPH 2.1(E) OF THE PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS ("LISTING REQUIREMENTS") OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Pursuant to Paragraph 8.04 and Paragraph 2.1(e) of the PN17 of the Listing Requirements of Bursa Securities, the Board of Directors of SESB wishes to announce that the Company has triggered Paragraph 2.1(e) of PN17 of Listing Requirements.

The announcement is dated 31 October 2019.

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2019-11-01 14:02 | Report Abuse

SCOMI ENERGY SERVICES BHD ("SESB" OR "THE COMPANY")
- SESB TRIGGERS PARAGRAPH 2.1(E) OF THE PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS ("LISTING REQUIREMENTS") OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Pursuant to Paragraph 8.04 and Paragraph 2.1(e) of the PN17 of the Listing Requirements of Bursa Securities, the Board of Directors of SESB wishes to announce that the Company has triggered Paragraph 2.1(e) of PN17 of Listing Requirements.

The external auditors of the Company, Messrs KPMG PLT, have expressed material uncertainty related to the going concern of SESB in the audited financial statements for the financial year ended 30 June 2019 of SESB and the shareholders’ equity of SESB on a consolidated basis is 50% or less of its issued share capital calculated based on the audited financial results of SESB as at 30 June 2019.

We wish to inform that the Company will submit an application for a waiver from being classified as an affected listed issuer to Bursa Securities.

We will make the necessary announcement on further development in accordance with the requirements under the Listing Requirements.

The announcement is dated 31 October 2019.

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2019-11-01 09:46 | Report Abuse

财报遭审计师否定
APFT营运能力存疑
2019年9月08日

(吉隆坡7日讯)PN17公司APFT(APFT,5194,主板消费股)去年2月1日至今年4月30日的财报,遭外部审计师Messrs PKF发出“无法表示意见”(disclaimer opinion)声明,质疑持续经营的能力。

这家飞行驾驶学院昨日向交易所报备,PKF指截至今年4月底,集团及公司现有负债已超出现有资产,各达1015万9991令吉及813万5499令吉;集团与公司的股东基金赤字分别为372万3146令吉,及282万3191令吉。
-
“这些情况表示存有重大的不确定因素,也不知道能否持续经营。”

外部审计师补充,APFT能否持续经营,将取决于重组计划的时机及可否顺利执行。

“在未能获取足够的审计说明,我们也无法厘清去年2月1日的账目起始余额(opening balance)的情况,包括当中一笔总值593万1308令吉的性质及类别。”

此外,APFT在2016年8月1日至去年1月31日,分别脱售数个子公司,不过PKF认为,这些子公司总计达2311万1427令吉的净负债,并未在有关财年内确认注销。

“有关净负债只在现财年才获得注销确认,并归类在脱售子公司所得及其他收入。因此,我们无法确认起始余额是否有错误陈述,而这将对财报、现金流及财务状况带来重大影响。”

外部审计师指补充:“基于以上种种,未能确认APFT有关财年的财报表现、现金流及财务状况是否需要作出调整。”

周五闭市时,APFT以1仙挂收,平盘,成交量206万5000股。

Stock

2019-11-01 09:39 | Report Abuse

Soung发清盘申请‧东南集团被追讨1553万

(吉隆坡7日讯)东南集团(SEACERA,7073,主板工业产品服务组)接获Soung私人有限公司律师发来的清盘申请,指控该公司积欠Soung公司1553万1106令吉。

该公司发文告指出,东南集团于6日接收Soung私人有限公司律师在2日发出的清盘呈请和5日的誓章核实请愿书。

该公司将委任律师咨询,并为清盘申请辩护。

文告指出,Soung将向东南集团追讨拖欠的1553万1106令吉租金、税务和损害赔偿金,要求公司基于1965年公司法结束营业,以及委托再也帕拉星甘为临时清盘人,还有费用等。

该公司指出,清盘呈请将对公司财务与营运没有影响,除非高庭发出清盘令。

文告显示,若清盘呈请里的诉求金额被允许,公司将在财报中进一步认列大约600万令吉的额外损失。

高庭将在本月8日展开聆讯,并定在20日过堂。

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2019-11-01 09:23 | Report Abuse

SUMATEC -Suspension
SUMATEC RESOURCES BERHAD

SUMATEC had on 17 October 2019 announced that the Court has granted a Winding Up Order against the Company in respect to Winding Up Petition.

Pursuant to Paragraph 16.02(1)(j) of the Main Market Listing Requirements, the trading in the securities of SUMATEC will be suspended with effect from 9.00 a.m., Thursday, 7 November 2019 until further notice.

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2019-10-30 09:44 | Report Abuse

26 Oct 2016 DEFAULT IN PAYMENT

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2019-10-30 09:43 | Report Abuse

20 Jul 2016 SUMATEC HALIM BIN SAAD total shareholding (849,756,000 shares 21.9790 %)

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2019-10-30 09:43 | Report Abuse

2015 -2016 hydrocarbon exploration

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2019-10-30 09:40 | Report Abuse

29 Aug 2014 -After due consideration of all facts and circumstances of the matter, Bursa Malaysia Securities Berhad has decided to approve the Company's application for an upliftment from being classified as a PN17 company.SUMATEC will be upliftedfrom being classified as a PN17 company effective from 9.00 a.m., Tuesday, 2September 2014.

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2019-10-30 09:38 | Report Abuse

25 Nov 2013 SUMATEC HALIM BIN SAAD buy right issue 767mil shares ,Inject Kazakhstan oil concession

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2019-10-30 09:34 | Report Abuse

2013 white knight HALIM SAAD buy Sumatec 154,160,000 shares 27.16%

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2019-10-30 09:29 | Report Abuse

road of sumatec 2011 PN17

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2019-10-26 23:02 | Report Abuse

have brahmal shares price will spike up...

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2019-10-25 13:57 | Report Abuse

BINASAT COMMUNICATIONS BERHAD
NEW ISSUE OF SECURITIES 17,932,200 NEW ORDINARY SHARES

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2019-10-25 13:52 | Report Abuse

IMPIANA VIP CONSULTANTS SDN BHD (270,000,000 units Disposed)

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2019-10-24 15:05 | Report Abuse

wait bramal play

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2019-10-22 14:37 | Report Abuse

Malaysia warns new EU rules could hurt palm oil used in food
KUALA LUMPUR (Oct 22): Malaysia, the world's second largest producer and exporter of palm oil, warned on Tuesday against new European Union (EU) rules that could hurt demand for a commodity used in foods from snacks to chocolate spread, threatening a US$60-billion industry.
Palm oil is used in everything from lipstick to biofuels, but its role as a cheaper cooking medium ensures that food accounts for nearly 70% of global consumption of an edible oil whose cultivation is blamed for stripping tropical rainforest.
The EU is looking at new limits on food contaminants in refined fats and oils, including palm oil, said Teresa Kok, Malaysia's minister in charge of the agricultural mainstay.
"Our industry must be ready to anticipate any challenges to these trade impediments and most importantly address the issues, especially on food safety," Kok told a conference on palm oil supply and demand outlook near the capital, Kula Lumpur.
The EU has imposed a limit for glycidyl esters and will soon impose a limit for 3-MCPD esters "that may have an impact on palm oil consumption in food products", Kok said, referring to the contaminants.
The European Food Safety Authority has said the two contaminants raise potential health concerns. A European Commission working group has also discussed setting maximum levels for 3-MCPD esters in food ingredients.
Environmentalists have attacked palm oil over the vast areas of forest they say have been cleared to grow the commodity that is consumed by billions of people.
Kok reiterated that Indonesia and Malaysia — the top two producers of palm — would challenge at the World Trade Organisation another EU law limiting its use in biofuels.
The grouping this year set a 2030 target to phase out palm-based transport fuels from its consumption of renewables after concluding that plam cultivation led to excessive deforestation.
"(This) will continue to cast a bearish sentiment in the international palm oil market because of the negative publicity on palm oil and prices will be affected negatively," Kok added.
Last year, Malaysia launched a worldwide public relations and lobbying effort to protect the reputation of its key export, particularly in Europe.
Malaysia would continue to tackle false accusations from foreign campaigns against palm, Kok said, stressing the need to monitor the operations of non-government organisations and keep them from tarnishing the industry's image.

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2019-10-22 14:36 | Report Abuse

Malaysia warns new EU rules could hurt palm oil used in food
KUALA LUMPUR (Oct 22): Malaysia, the world's second largest producer and exporter of palm oil, warned on Tuesday against new European Union (EU) rules that could hurt demand for a commodity used in foods from snacks to chocolate spread, threatening a US$60-billion industry.
Palm oil is used in everything from lipstick to biofuels, but its role as a cheaper cooking medium ensures that food accounts for nearly 70% of global consumption of an edible oil whose cultivation is blamed for stripping tropical rainforest.
The EU is looking at new limits on food contaminants in refined fats and oils, including palm oil, said Teresa Kok, Malaysia's minister in charge of the agricultural mainstay.
"Our industry must be ready to anticipate any challenges to these trade impediments and most importantly address the issues, especially on food safety," Kok told a conference on palm oil supply and demand outlook near the capital, Kula Lumpur.
The EU has imposed a limit for glycidyl esters and will soon impose a limit for 3-MCPD esters "that may have an impact on palm oil consumption in food products", Kok said, referring to the contaminants.
The European Food Safety Authority has said the two contaminants raise potential health concerns. A European Commission working group has also discussed setting maximum levels for 3-MCPD esters in food ingredients.
Environmentalists have attacked palm oil over the vast areas of forest they say have been cleared to grow the commodity that is consumed by billions of people.
Kok reiterated that Indonesia and Malaysia — the top two producers of palm — would challenge at the World Trade Organisation another EU law limiting its use in biofuels.
The grouping this year set a 2030 target to phase out palm-based transport fuels from its consumption of renewables after concluding that plam cultivation led to excessive deforestation.
"(This) will continue to cast a bearish sentiment in the international palm oil market because of the negative publicity on palm oil and prices will be affected negatively," Kok added.
Last year, Malaysia launched a worldwide public relations and lobbying effort to protect the reputation of its key export, particularly in Europe.
Malaysia would continue to tackle false accusations from foreign campaigns against palm, Kok said, stressing the need to monitor the operations of non-government organisations and keep them from tarnishing the industry's image.

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2019-10-22 14:26 | Report Abuse

G NEPTUNE BERHAD
AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING

CONCERN AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN STATEMENT OF MATERIAL UNCERTAINTY RELATED TO GOING CONCERN OF THE GROUP AND THE COMPANY IN RESPECT OF G NEPTUNE BERHAD STATUTORY FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2019

22/10/2019

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2019-10-22 09:26 | Report Abuse

Alex5398 which fund buy ?

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2019-10-22 09:23 | Report Abuse

brahmal play

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2019-10-22 09:22 | Report Abuse

coming...