Within a year this counter has already appreciated about 2000% ... if it goes under 50 cents... that should be understood... normalization

http://mobile.bloomberg.com/news/2014-09-25/mystery-man-moving-japan-made-more-than-1-million-trades.html

read this... if only its me

http://mobile.bloomberg.com/news/2014-09-25/mystery-man-moving-japan-made-more-than-1-million-trades.html

read this... if only its me

http://mobile.bloomberg.com/news/2014-09-25/mystery-man-moving-japan-made-more-than-1-million-trades.html

read this... if only its me

perli = pergi ??

musangfoxking clone = kukumanis

same typo/ pattern in glotec, ifca and mpay forum .... see all the words perli below are meant to be typed as "pergi"....BUSTED
--------------------

Posted by Kukumanis > Aug 22, 2014 08:54 PM | Report Abuse 

tentulah gua betul2 suka ia perli 0.235!!! gua balu beli 50K@0.205!!!! gua sekalang sudah buat doa!!!halap semua akan menang!!! 

kikihahahaha!!!
In ifcamsc forum

Posted by Kukumanis > Aug 25, 2014 07:24 PM | Report Abuse 

lu tak faham gua ayamtua, lu suluh gua beli; betul gua nak beli tapi tak ada harga gua nak beli, jadi saya tak boleh singgah sini, gua kena perli tempat lain untuk cari rezeki!!!!
In glotec forum


Posted by Kukumanis > Aug 26, 2014 08:38 PM | Report Abuse 

bukan nasib baik, gua memang fortuneteller paling cun lagi bergaya!!! di mana gua perli gua dapat rezeki yang lumayan!!! sedikitnya gua hantar ke Charity!!! ikut gua lah,mana gua perli lu kut, nah saya sulah perli ke Century!!! percayalah ini akan jadi nasi periok saya juga!!!
In ifcamsc forum


Posted by Kukumanis > Sep 7, 2014 10:36 AM | Report Abuse 

percaya lah lu semua, gua hanya berkongsi makanan, bukan kacau !!!! perli ke tempat yang ada $$$!!!!
In glotec forum



Posted by Kukumanis > Sep 7, 2014 06:13 PM | Report Abuse 

oh kawan ku!!! tentulah gua suka lu menang!!! ikut gua, fortuneteller paling cun cun dan best lagi bergaya!!! gua sangat onn....mana gua perli gua dapat $$$$!!!
In glotec forum



Posted by Kukumanis > Sep 7, 2014 04:18 PM | Report Abuse 

aiyah, tak payah cakap manyaklah, ikut gua saja tak payah bimbang!, gua fortuneteller paling stylish and cun cun!!! gua ciakap dimana gua perli gua bawa onn... percaya gualah kawan2 ku!!! gua olang baik...gua nak share share !!! ikut gua!!!...tak mahu lu akan kesal!!!
?...in mpay forum



Posted by Kukumanis > Sep 7, 2014 04:09 PM | Report Abuse 

gua ciakap dimana gua perli gua bawa onn...tapi macam mana ada onn jika gua tak perli!!! percaya gualah kawan2 ku!!! gua olang baik...gua nak berkongsi!!! ikut gua...tak mahu lu akan kesal!!!
?..in glotec forum



Posted by musangfoxking > Sep 22, 2014 12:24 PM | Report Abuse 

jangan kisah bukan seolang saja perli holland; gua, lu, nanceeee, luceee, jeaineee..turtuteee, bigfattee...manyak olang!!
....in glotec forum

 
musangfoxking 
335 posts

 Posted by musangfoxking > Sep 27, 2014 07:22 PM | Report Abuse 

tentu bolehlah, lu punya duit mah!!! lu nak perli di genting, gua pun tak boleh layang lu!!! gua olang baik, bagi tips lu!! tentu lu boleh simpan glotec untuk perli ke holland, lu punya duit mah!!!
?...in glotec forum

Ignore the Financial Media… Now is the Time to Prepare


“Buy stocks! It’s a great opportunity! They present great value.”

This is the non-stop mantra espoused on financial media. It’s simply astounding given that

1)   Everyone with a modicum of sense knows stocks are in a bubble

2)   Financial media viewership is plunging to multi-decade lows (you think they’d consider changing the content?)

Here are a few thoughts no one  in the mainstream financial media seems to address.

First of all, corporate insiders are dumping shares at a pace not seen since 2000.

That’s correct. The folks who know more about their companies and future growth prospects than anyone in the world are unloading their shares as quickly as possible.

Investment legends are doing the same. Warren Buffett, perhaps the single biggest fan of stocks in the last 100 years is currently sitting on over $50 billion in cash. Buffett’s partner Charlie Munger recently commented that he has not bought a single stock in his personal portfolio in over two years.
 
Aside from Buffett and Munger, Carl Icahn, Stanley Druckenmiller and numerous other investment legends have warned of a potential market catastrophe. George Soros has even taken out a record size bet on the market collapsing.

Beyond the legends, institutional investors have been net sellers of stocks for most of 2014. The same goes for hedge funds. Do you think they’d be doing this if they thought stocks were offering a lot of opportunities and value today?

Market volume is collapsing to a dwindle and fewer and fewer companies area participating in the rally. Both of these are clear signs of a top forming. Nearly half of the stocks on the NASDAQ are down over 20% from their recent peaks.
 
Global growth is slowing down sharply. The only non-manipulated economic data point out of China (electricity consumption) shows GDP growth there is HALF of the official 7.5%. In Europe, Italy is back in recession for the third time since 2008. Germany’s economy contracted in the second quarter of 2014 and will likely be in recession before the first quarter of 2015. France has registered zero growth for six months now. And the US is showing anemic growth if any.

So we have corporate insiders selling the farm, investment legends warning of a collapse, institutional investors selling stocks, and global growth slowing rapidly.

And now is the time to buy stocks?

No, now is the time to prepare.
Ignore the Financial Media… Now is the Time to Prepare

http://www.mai.org.my/mai%20ver2/index.php/component/content/article/34-local-automotive-news/313-proreka-keen-on-aussie-tie-ups
Proreka keen on Aussie tie-ups

MELBOURNE: Proreka (M) Sdn Bhd, which makes automotive parts and components, is seeking to establish new partnerships with automotive OEMs (original equipment manufacturers) in Australia in its bid to expand and boost earnings.

"We are eyeing business ties with several Australian-based OEM suppliers that are looking for business opportunities overseas.

"We plan to collaborate on our technology and capabilities," said Proreka executive director Thomas Lim Teck Ling.

Proreka, which is the automo-tive arm of Main Market-listed Globaltec Formation Bhd, is involved in the design and enginee-ring, plastic injection moulding, and assembly of bodykits, lamps and lighting, window regulators, super chargers and gear shifters, among others.

The company has established technical collaboration with two Japanese partners, Taica Corp and Tech Art Co, to meet global quality standards for auto parts and body kits.

It also has technical partners from Taiwan and South Korea.

In Australia, Proreka has an ongoing collaboration with Sprintex Ltd to assemble super chargers, products similar to turbo charges, to boost car performance.

A 50:50 joint-venture company called Proreka Sprintex Sdn Bhd has been set up and it is expected to make around RM30 million in revenue per annum, starting next year, Lim said.

Lim said Proreka and the Australian-listed Sprintex have each invested RM5 million to set up a 20,000 sq ft plant in Glenmarie, Shah Alam.

"Production commenced in January and the plant is currently producing 200 sets of super chargers. The target is to produce 10,000 sets per annum from next year," Lim told Business Times in an interview at the Australian Automotive Shows here.

Lim said about 10 per cent of the sets will be sold domestically and the rest will be exported to Australia, the United States, Europe and Japan.

He added that Proreka will be responsible for the sales and marketing of the superchar-gers.

Proreka also has a collabora-tion with automotive manufacturer MtM Pty Ltd, established in 2009, to assemble gear shifters and door checks at its plant in Puchong, Selangor.

"We are working as a strategic partner and manufacturing the parts for the two products jointly under a profit-sharing arrangement. The components are being developed in Australia and Malaysia," Lim said.

Lim said Proreka's core competence includes understanding the sourcing requirements of automotive OEMs and building relationships with global and international suppliers in joint product developments.

Read why mqtech need private placement in its pdf file.
----
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1611237

Takaso got very big projects... mqtech will get most of new medical equipments/ devices machineries to produce them for Takaso project.



Mqtech would manufacture most of machineries needed by Takaso's products for the Indonesian market as ... expected to launch a new family medical-based product this year


ladzatz Read why mqtech need private placement in its pdf file.
----
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1611237

click the pdf file

Read why mqtech need private placement in its pdf file.

Mqtech would manufacture most of machineries needed by Takaso's products for the Indonesian market as ... expected to launch a new family medical-based product this year

Takaso got very big projects... mqtech will get most of new medical equipments/ devices machineries to produce them for Takaso project.

Ok now it is there added

9. DIRECTORS’ STATEMENT
Having considered all aspects of the Proposed Acquisition, the Directors of GFB are of the opinion that the Proposed Acquisition is in the best interest of GFB Group.
10. PERCENTAGE RATIOS UNDER THE LISTING REQUIREMENTS
Pursuant to paragraph 10.02(g) of the Listing Requirements, the highest percentage ratio applicable to the Proposed Acquisition is 0.72%, which is constituted by the value of the assets over the audited NA of GFB as at 30 June 2013 (“GFB Audited NA”) ratio and the value of the consideration over the GFB Audited NA ratio.
11. OTHER MATTERS
(i) Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed by the second quarter of the financial year ending 30 June 2015.
(ii) The SPA, SSA and JVA may be inspected at the registered office of GFB at Wisma GFB, Lot 3 Persiaran Kemajuan, Section 16, 40200 Shah Alam, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.

page 15
-----
All the details of the agreement is still not in bursa website announcement or its pdf file...declassified now !!!

6. APPROVALS REQUIRED
The Proposed Acquisition is not subject to the approval of shareholders of the Company or any other relevant authorities.
7. FINANCIAL EFFECTS OF THE PROPOSED ACQUISITION 7.1 Share Capital and Substantial Shareholding
The Proposed Acquisition will not have any effect to the share capital and substantial shareholding of the Company.
7.2 NA and Gearing
The Proposed Acquisition is not expected to have any material effect on the consolidated NA, consolidated NA per GFB share and gearing of GFB Group based on the audited financial statements for the financial year ended 30 June 2013.
7.3 Earnings
The Proposed Acquisition/Hydro Business is not expected to have any material effect on the earnings of the Group for the financial year ending 30 June 2015, as the construction and commissioning stages of the Hydro Business are expected to take an additional 2 years before the commencement of selling RE to TNB. However, barring any unforeseen circumstances, the Proposed Acquisition is expected to contribute positively to the future earnings of GFB Group.
8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
None of the Directors and/or major shareholders of GFB and/or persons connected with them have any interests, direct or indirect, in the Proposed Acquisition

page 14

5. PROSPECTS
Energy, Green Technology and Water Ministry (“KeTTHA”) secretary-general Datuk Loo Took Gee, who is also a board member of SEDA said, as fossil fuel supplies around the world were decreasing, the need for alternative energy sources, especially RE, had become paramount after taking into account the recent scare in 2011. During a crisis in Iran in 2011, the price of crude oil shot up to an all-time high of USD147 (RM467) per barrel. As most of our energy is supplied from fossil fuel, this put a huge strain on the country’s economy. That incident was a wake-up call for nations around the world, including Malaysia, that we needed to find other sources of energy and had since targetted RE as an alternative. KeTTHA suggested to the Government to introduce a system where power utility companies such as TNB could purchase electricity from indigenous RE resources under the FiT scheme. FiT is a mechanism under the National Renewable Energy Policy and Action Plan 2010 to catalyse generation of RE, up to 30MW. This mechanism allows RE resources to be sold to power utilities at a fixed premium price for a specific duration. The FiT is a viable policy that provides an opportunity for people from all walks of life to make conscious efforts to move towards a cleaner form of electricity generation, thus creating a sustainable environment. At the moment, RE resources eligible under the FiT scheme are solar photovoltaics, biogas, small-hydro, biomass (solid waste) and geothermal. Since Jan 1 this year, customers of TNB, Sabah Electricity Sdn Bhd and NUR distribution Sdn Bhd are required to contribute a 1.6% surcharge to the RE fund, managed by SEDA. Domestic consumers who use more than 300kWh (equivalent to RM77 in peninsular Malaysia and RM69 in Sabah and Federal Territory of Labuan) of electricity a month are obligated to make the contribution. Nonetheless, FiT was not only targeted at big energy manufacturers but also empowered smaller players and the general public to participate in RE development, thereby promoting public engagement in generating clean electricity. At the end of June this year, the total RE fund disbursed to distribution licencees (including administration fees) amounted to RM149.8million for 2,363 projects under the FiT that have achieved commercial operations. Also during the same period, a total of 2,363 applicants with a total capacity of 195.71MW have achieved commercial operations. The total approved applications as at the end of June 2014 is 4,343, with a capacity of 727.25MW, these projects will achieve commercial operation between 2014 and 2016. With the inclusion of Sabah and Wilayah Persekutuan Labuan for the first time under the FiT scheme this year, there has been a huge increase in RE production as she noted the state’s number of RE projects dwarfed the other states. The FiT scheme is proven to be a success and one of the most popular policy instruments in promoting and creating RE sources. “Together with our natural resources such as all-year-round sunshine, I do not see a reason for Malaysia to not be less dependent on fossil fuels and instead rely more on RE,” she added.
(Source: Extracted from the Star dated 30 July 2014)

page 13

(vi) Financing risk must also be considered, although the actual source of project funding for the Hydro Business has not yet been determined at this juncture. Any breach of a debt financing instrument’s covenants, and failure to meet the timely interest and principal payments may result in default.
(vii) Natural hazards such as flooding, landslides, fallen logs/trees or damages caused by wild animals to the power plant and its surroundings.
(viii)There may be inconsistent connections or disruption with the connection between the power plant with the national grid system due to cabling, natural wear and tear or damages caused by natural hazards.
(ix) Access to infrastructure may be poor due to poor conditioned roads or roads that are narrow or blocked that impede construction materials or replacement equipment being brought to the site or prevent necessary repair and maintenance service from being performed at site.
No assurance can however be given that any adverse developments in such risks areas would not affect the business and/or financial performance of ESSB/Hydro Business.

page 12

(iii) Business risks exist, which are mainly associated with the performance of the appointed main contractors for civil works, the appointed suppliers and installers of the mechanical & electrical components of the mini-hydro plant, and the appointed engineers and consultants. This is due to potential penalties imposed by TNB (under the REPPA) for delays in the commencement of energy supply (resulting from delays in the completion of the construction of the plant), and fluctuations in the agreed upon energy commitment or power outages (scheduled or unscheduled). The efficiency of the plant design, and the efficiency of the mechanical & electrical components, will greatly affect the ability of ESSB Group to meet its annual energy commitment to TNB.
(iv) Geological and hydrological risks, such as the nature of the soil, rock formation, river flow, backwater, discharge from the dams upstream of the power plant can affect the construction as well as operations of the Hydro Business.
(v) Other business risks are associated with either party to the JVA not fulfilling their obligations under the JVA. This risk has been partially mitigated by the relevant default and non-performance clauses in the JVA, and as such the risk to GFB will be limited by the Total Consideration and any additional equity/shareholder advances that may be made by GFB to ESSB Group for ESSB Group’s financing requirements.

page 11

WSSB is an investment holding company, with ESSB, VVTSB, MFSB as its subsidiaries. The substantial shareholders of WSSB are Mohd Mahyudin bin Zainal and Jasni bin Petrus, whereas the directors are Mohd Mahyudin bin Zainal, Juddy Chu Yen Tien and Jasni bin Petrus.
2.7 Liabilities to be assumed by GFB
GFB will not assume any liabilities (including contingent liabilities and guarantees) arising from the Proposed Acquisition.
3. RATIONALE FOR THE PROPOSED ACQUISITION
The Proposed Acquisition will allow GFB Group to enter into the renewable energy (“RE”) producing sector which has potential and also support from the Government. The successful implementation of the Hydro Business will contribute to GFB Group’s long term revenue and profits, and enhance GFB’s growth potential. In addition, the long term stable income stream derived from the Hydro Business will further diversify the business risks of GFB Group.
4. RISKS IN RELATION TO THE PROPOSED ACQUISITION
Upon completion of the Proposed Acquisition, GFB Group will be exposed to the RE generation business. Some of the salient risks are as below:
(i) Market risk, competition risk and pricing fluctuation risks for the Proposed Acquisition has been substantially mitigated by the FiT system that fixes a premium tariff for electricity generated from non fossil fuel sources, such as mini-hydro schemes, and under the Renewable Energy Act 2011 (“RE Act”) which requires TNB to accept and buy RE power.
(ii) Inherent to the RE power generation sector in Malaysia, are both political and short term foreign exchange risks. Changes in existing Government policies regarding RE can greatly affect the commercial viability of RE. The mechanical and electrical equipment for power generation are generally procured from overseas manufacturers, which poses a short term foreign exchange risk for the Proposed Acquisition.

page 10

(iii) Obligations of VVTSB
a) VVTSB shall undertake to obtain financing for the Hydro Business; and
b) VVTSB shall also be required to pay a monthly management fee of RM50,000 to PHREC from the date of the JVA until the obtaining SEDA’s approval for the Hydro Business.
2.5.1 Basis of determining the Total Consideration and source of funding
The Total Consideration was arrived at on a willing-buyer willing-seller basis after taking into account:
i) the JVA and the REPPA;
ii) the rationale mentioned in Section 3 below; and
iii) the prospects and risks in relation as detailed in Section 4 and 5 respectively.
GFB intends to finance the Total Consideration using internally generated funds. 2.6 Information on WSSB
WSSB was incorporated in Malaysia on 11 November 2013. The authorised share capital of WSSB is RM400,000 comprising 400,000 ordinary shares of RM1 each, out of which 100 shares of RM1 each have been issued and fully paid-up.

page 9

which ESSB has been issued or granted, for the changes in the shareholding and board of directors of ESSB consequential to the subscription of the Subscription Shares by GFB in ESSB; and
(g) a financial and legal due diligence to be conducted by GFB on ESSB Group for a period of 90 days from the date of the SSA (“Stop Date”), with the result of the due diligence to the satisfaction of GFB. ;
iv) The SPA and the SSA shall be co-dependent on one another and are to be executed simultaneously, bearing the same date and completed simultaneously.
2.4 Salient terms of the JVA
(i) Scope
VVTSB and PHREC are desirous to collaborate with each other, under the terms of the JVA, to BOO, the small hydroelectric power plants under the SEDA FiT Programme at Sungai Perak, Lenggong, Perak with an installed capacity of up to 15MW.
(ii) Obligations of PHREC PHREC shall:
a) apply to the Energy Commission, on behalf of MFSB, for the Renewable Energy licence;
b) apply to and obtain the permission from the State Government of Perak to utilise suitable state land for power plant and provide water resources or other resources for the purpose of carrying out the Hydro Business, which has been obtained on 4 March 2013;
c) apply to SEDA for the necessary approval; and
d) negotiate and cause MFSB to enter into a REPPA with TNB.

page 8

iii) The SSA Completion is conditional upon inter-alia:
(a) the approvals of relevant authorities (if required) for the issue of and subscription for the Subscription Shares under the SSA having been obtained and such approvals shall be in full force and effect;
(b) execution of the REPPA between MFSB and TNB for the purchase of power supply from the Hydro Business and the terms and conditions of the REPPA are acceptable by GFB;
(c) ESSB increases its indirect interest in MFSB via a subscription by VVTSB of shares in MFSB, to an indirect interest of 70% of the issued and paid up capital of MFSB in accordance to the JVA;
(d) execution of a shareholders’ agreement involving GFB, WSSB and ESSB to govern the management and operations of the ESSB Group;
(e) where applicable, ESSB Group obtains the relevant approval/consent from its banks and financial institutions for the changes in the shareholding and board of directors of ESSB consequential to the subscription of the Subscription Shares by GFB in ESSB;
(f) where applicable, ESSB Group obtains the relevant approval/consent where required under any agreement or contract to which ESSB is a party of, or under any license or certification to

page 7

If any of the conditions are not fulfilled within 90 days from the date of the SPA (or such other period as may be mutually agreed by the parties) any monies paid to WSSB by GFB pursuant to the SPA shall be refunded to GFB without interest and thereafter, the SPA shall cease to have effect and each party shall have no claim under it against the other, save in respect of any prior breach;
ii) The Sale Consideration shall be paid upon completion of the SPA; and
iii) The SPA and SSA shall be co-dependent on one another and are to be executed simultaneously, bearing the same date and completed simultaneously.
2.4 Salient Terms of the SSA
The salient terms of the SSA include inter-alia the following:
i) The Subscription Shares will be issued to GFB on terms that they will be free of any encumbrances of whatsoever nature, and rank pari passu in all respects with the ordinary shares of ESSB in issue at the date of allotment save and except that they will not be entitled to any dividend or other distribution, the entitlement date of which is on or before the date of allotment of the Subscription Shares;
ii) The Subscription Price shall be paid to ESSB in the following manner:
(a) The sum of RM600,000 only upon execution of the SSA (“Initial Deposit”);
(b) The sum of RM400,000 only upon receiving the approval from SEDA for the application of Feed-in Tariff (“FiT”) for the Hydro Business and the fulfilment of the conditions precedent under the SSA (“2nd Deposit”); and
(c) The sum of RM310,246 only on completion of the SSA (“SSA Completion”) (“Balance Price”).
The Initial Deposit, 2nd Deposit and the Balance Price shall be treated as full payment towards the Subscription Shares upon SSA Completion;

Page 6

2.3 Salient Terms of the SPA
The salient terms of the SPA include inter-alia the following:
i) The purchase of the Sale Shares is conditional upon:
(a) the conduct of a financial and legal due diligence by GFB on the ESSB Group, its business, operations and affairs, the results of which are acceptable to GFB;
(b) ESSB increases its indirect interest in MFSB via a subscription by VVTSB of shares in MFSB, to an indirect interest of 70% of the issued and paid up capital of MFSB in accordance to the JVA;
(c) execution of the REPPA by MFSB and TNB for the purchase of power supply from the Hydro Business and the terms and conditions of the REPPA are acceptable by GFB;
(d) execution of a shareholders’ agreement involving GFB, WSSB and ESSB to govern the management and operations of the ESSB Group;
(e) where applicable, WSSB procuring that each company within the ESSB Group (“ESSB Group Company”) obtains the relevant approval/consent from its banks and financial institutions for the changes in the shareholding and board of directors of the relevant ESSB Group Company consequential to the acquisition of the Sale Shares by GFB from WSSB; and
(f) where applicable, WSSB procuring that each ESSB Group Company obtains the relevant approval/consent where required under any agreement or contract to which the relevant ESSB Group Company is a party of, or under any license or certification to which the relevant ESSB Group Company has been issued or granted, for the changes in the shareholding and board of directors of the relevant ESSB Group Company consequential to the acquisition of the Sale Shares by GFB from WSSB.

page 5

been issued and fully paid-up. The directors of MFSB are Mohd Shahran bin Arifin, Nadhrah binti Ali and Beroz Nikmal bin Mirdin.
MFSB has not commenced operations. MFSB is a company set up via a joint venture agreement dated 7 February 2013, between VVTSB and Perak Hydro Renewable Energy Corporation Sdn Bhd (“PHREC”) (“JVA”) to jointly build, operate and own (“BOO”) a small hydroelectric power plant with an installed capacity of 15 megawatt (“MW”) at Sungai Perak, Lenggong, State of Perak (“Hydro Business”). MFSB will be applying for the Feed-in Approval from the Sustainable Energy Development Authority (“SEDA”) which comes with a concession period of 21 years commencing from the feed-in-tariff commencement date (ie the date the Hydro Business first generates hydroelectricity for commercial sale pursuant to the Renewable Energy Power Purchase Agreement (“REPPA”) to be signed with Tenaga Nasional Berhad (“TNB”)) (“Concession Period”).
As at the date of this announcement, VVTSB and PHREC has 50% equity interest each in MFSB. In accordance to the JVA, VVTSB and PHREC are to recapitalise MFSB up to an issued and paid up capital of RM250,000 with VVTSB and PHREC having equity interest of 70% and 30% in MFSB respectively. The salient terms of the JVA are disclosed in Section 2.5 below. Based on the latest audited financial statements of MFSB for the financial year ended 30 June 2013, MFSB has net liabilities of RM9,433 and net losses of RM4,232 respectively. VVTSB acquired MFSB on 22 February 2013.
ESSB as at the date of this announcement does not have any associated company.

page 4

(ii) Information on MFSB
MFSB was incorporated in Malaysia on 8 September 2010 and has an authorised share capital of RM100,000, comprising 100,000 ordinary shares of RM1 each out of which 2 ordinary shares have

page 3

2.2 Information on ESSB
ESSB was incorporated in Malaysia on 8 May 2014. ESSB has an authorised share capital of RM400,000 comprising 400,000 ordinary shares of RM1 each, of which 760 ordinary shares have been issued and fully paid-up. ESSB is a wholly-owned subsidiary of WSSB. The directors of ESSB are Mohd Mahyudin bin Zainal, Juddy Chu Yen Tien and Jasni bin Petrus.
ESSB is principally involved in investment holding and has 2 subsidiaries, namely Valley Ventures Technologies Sdn Bhd (“VVTSB”) and Manifest Frontier Sdn Bhd (“MFSB”). As ESSB was recently incorporated on 8 May 2014 and only having acquired its subsidiaries on 21 July 2014, there is no material consolidated financial information of ESSB group of companies (“ESSB Group”) to be disclosed. The details of the subsidiaries of ESSB are as below:
(i) Information on VVTSB
VVTSB, which is a wholly owned subsidiary of ESSB, was incorporated in Malaysia on 7 March 2008 and has an authorised share capital of RM100,000, comprising 100,000 ordinary shares of RM1 each out of which 100,000 have been issued and fully paid-up. The directors of VVTSB are Mohd Shahran bin Arifin, Nadhrah binti Ali and Mohd Suhaimi bin Rozali.
VVTSB, is principally engaged in commercial trading but has not commenced operations. VVTSB has a 50% equity interest in MFSB. Based on the latest audited financial statements of VVTSB for the financial year ended 31 December 2013, VVTSB has net assets (“NA”) of RM79,028 and net losses of RM3,970 respectively. ESSB acquired VVTSB on 21 July 2014.

page 2

GLOBALTEC FORMATION BERHAD (“GFB” or “Company”)
Proposed Acquisition of a 49% equity interest in Empangan Sejati Sdn Bhd (“ESSB”) (“Proposed Acquisition”)
1. INTRODUCTION
On behalf of the Board of Directors of GFB (“Board”), we wish to announce that the Company has on 12 September 2014, entered into a conditional sale and purchase agreement and shares subscription agreement with Wibawa Serantau Sdn Bhd (“WSSB”) and ESSB respectively to effectively acquire a 49% equity interest in ESSB.
2. DETAILS OF THE PROPOSED ACQUISITION 2.1 Introduction
On 12 September 2014, GFB entered into a conditional sale and purchase agreement (“SPA”) with WSSB to acquire 250 ordinary shares of RM1 each in ESSB (“Sale Shares”), for a cash consideration of RM1,433,754 (“Sale Consideration”).
GFB has also on even date entered into a shares subscription agreement (“SSA”) with ESSB to subscribe for 240 ordinary shares of RM1 each in ESSB (“Subscription Shares”), for a cash consideration of RM1,310,246 (“Subscription Price”). Collectively, upon completion of the SPA and SSA, GFB will have a 49% equity interest in ESSB.
The Sale Consideration and the Subscription Price shall collectively be referred to as the “Total Consideration”.

page 1

Post removed.Why?

Post removed.Why?

No I am not... I already retired playing stock... just come by

I3investor are sharks..... be careful

Post removed.Why?

Post removed.Why?

I saw musang_foxking comment was removed within 10s after he said he is going to post the proof... illogically... after 10s it was removed...u need certain number of flagging... but what happened is i3investor flagged it with maximum number of flagging within just ONE SHOT... amazing

Ok what about the above conclusion by musang_foxking. ... why it was removed? U tell me

Post removed.Why?

May be calvin is just one of them

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1724937 ; ; 

please click any pdf download files to see how ponzi sumatec is... tak tipu pinya.... sumatec and halim saad yg tipu pinya   

Suma latest report...stated that   

revenue = RM 13,745,000   

profit = RM 7,237,000   

let us check from where does the revenue came from... here we go... to prove this is a ponzi scheme   

Profit for owner = RM6,704,000   

earning per share =0.22 cents ( correction... I previously wrote in RM...kahakah)... please compare with how much u pay for the last 2 ipos?   
and do remember... itu untung bukan operasi pinya revenue... itu untung lu sendili pinya duit... tapi dia lekod sbg untong lor...   

procceds ( latest issuance of shares) = RM 8,296,000 ( lihat bahagian cash flow)   

so mana datang untong tipu RM7,237,000 WHICH IS VERY VERY VERY SMAL TINY FOR A PONZI SCHEME?  

SURE CAME FROM THAT PROCEEDS FROM SHARES ISSUED.... kalau takde esos, takde private placement, takde shares issued berkali2... garenti... garenti akan diREKODKAN SEBAGAI RUGI   

how come rugi... issued billion of shares? Tipu pinya company   

intangible assets = RM302,100,000 ... woe not a tangible asset?   

receiavables = RM 138,343,000 .... RED FLAG RED FLAG RED FLAG   

net asset per share = RM0.146... ini macam pinya kicik... lu org bagi sumatec duit utk shares issuance yg begitu byk... berapa kali sudah da.... lu mau tau utk 2nd quater pun cukup pinya...   

how many shares issued reported in that 2nd quarter? Including esos and warrant exercised? ( sila lihat download FIN-jun14 c.pdf   

berapa byk from shares issuance duit sudah sedut?   

answers: 431,896,000 units ... equivalent to RM426,584,000 fuhyo betul2 ponzi   

Dan yg tersebut termasuk lebih RM17 juta capital reserves... itu from previous banks loans

His comment wa just this...

Post removed.Why?

this a glc....500% better than any pn17 companies....the odds is not that big

tomorrow limit up ...

this is good news...mas and the passengers will get insurance claim....foreign funds will read this and start a very big punting!!! now mas will be on world radar

what's the objective mr lim?