DDD. In the context of the first outlay of RM 115, 000.00 for 1, 000 lots will automatically shrink to current available lots from 5 lots share consolidation exercise in becoming 1 lot as per explained below
Consolidation of every 5 existing ordinary shares in
Scomi Energy Services Bhd ("SESB") into 1 ordinary share ("Share Consolidation")
Ex-Date 27 Feb 2020
Entitlement date 28 Feb 2020
Entitlement time 5:00 PM
Financial Year End
Share transfer book & register of members will be to close from (both dates inclusive) for the purpose of determining the entitlement a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 28 Feb 2020
Sadly, if the auditor had stood up to it when the project delay and cost overrun became obvious years ago, this snowball wouldn’t get to this large and the eventual damage to the capital market could be more manageable
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Auditor, especially those outside the big 4 not doing their job
But it is not just auditor at fault....this practise is very common in Malaysia because the money and hence incentive to cheat is too large in an environment that is conducive to cheating
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SEE_Research
4,569 posts
Posted by SEE_Research > 2023-01-07 19:28 | Report Abuse
first triggered the PN17 status on
Oct 31, 2019
after its shareholders’ equity on a consolidated basis fell below 50% of its issued share capital as at
30 June 2019 .
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