Posted by Darth > 2018-12-10 14:51 | Report Abuse

What's going to happen to Sumatec in 5 months time only HS and a few privileged within Bursa/SC knows.
They will know either close shop or to spring a surprise suddenly oil is digged!

Posted by Darth > 2018-12-10 14:52 | Report Abuse

Who's going to win this gambling game?
Aiyayooo!

Posted by Darth_ > 2018-12-10 14:55 | Report Abuse

So many still look like gamblers betting? If got oil last QR should stated so. HS should buy at 2 sen or even more at 1.5 sen.

Posted by Darth_ > 2018-12-10 14:57 | Report Abuse

Why HS still keep quiet? What he wait? Might be if Suma suddenly close shop he announced disposed remaining shares?

Posted by Darth > 2018-12-10 15:01 | Report Abuse

See. The other problem with our Bursa Malaysia announcement.
It takes a few days after major shareholders disposed their shares to announce.
So, announcements by Bursa is for who's benefit?

Posted by Darth > 2018-12-10 15:09 | Report Abuse

On another note. HS is still a witness in Losmak case. He's not off the hook yet.

Posted by Darth > 2018-12-10 15:14 | Report Abuse

On a very different note, why I always emphasize that the possibility of Sumatec story is like 1MDB?
Why HS, MELL in between Sumatec?
Possible of another money trail!

Posted by Darth > 2018-12-10 17:04 | Report Abuse

Minum kopi, enjoy our Bursa Malaysia 2nd Liners sendiwara drama.

Posted by Darth > 2018-12-10 17:06 | Report Abuse

Enjoy the plot where the Bursa Malaysia and SC people drama they don't know what was happening!

Posted by Alex™ > 2018-12-10 17:08 | Report Abuse

ok this time for real. 1.5sen rock solidddddddd

Posted by Darth > 2018-12-10 17:11 | Report Abuse

5 months left for Sumatec to come out from PN17.
What's Bursa's adivise to shareholders?

Posted by derrickinvestor > 2018-12-10 18:38 | Report Abuse

are you sure is in 5 months?

Posted by Alex™ > 2018-12-10 18:41 | Report Abuse

Mesti sekali kena!!!

Posted by derrickinvestor > 2018-12-10 19:30 | Report Abuse

what diw u mean alex?

Posted by moneypedia > 2018-12-10 20:15 | Report Abuse

aiyoyo sini darth sula yadi tokey kidai kopi laaa aiyoyo, kopi tiunjuk langit kau siatu yezzaaaa

Posted by Buy1sell2 > 2018-12-11 09:07 | Report Abuse

I think they still got some assets to back them up. 1.5 sen should be a good support level. If it breaks I don't know lah. Better sell underwear.

Posted by cashflow > 2018-12-11 09:10 | Report Abuse

Traded fast at 1.5cents. Someone bought a big lot. Wonder if insider preparing for Q4 results

Posted by bonds56 > 2018-12-11 09:31 | Report Abuse

Bought 1.5 cents

Posted by cashflow > 2018-12-11 10:33 | Report Abuse

Sumatec holding its ground. Believe HS bought those big lots at 1.5cents after panic sellers sold. Have strong feeling it will rebound above 2cents, fingers crossed

Posted by polycarp > 2018-12-11 12:29 | Report Abuse

https://m.youtube.com/watch?v=5eBBdBEbbXQ&feature=youtu.be

Posted by kenie > 2018-12-11 16:02 | Report Abuse

Sumatec lodges police report against former director
KAZAKHSTAN / 22 NOV 2018
PETALING JAYA: Sumatec Resources Bhd has lodged a police report against one of its former directors for possible breach of trust and committing offences under the Company Act 2016 by conducting certain transactions without the approval of the board of directors .
The group told the stock exchange that Independent Director and Chairman of the Audit Committee of the Board, Datuk Khalid Ahmad had on November 20 lodged the report with the Commercial Crime Department.
The decision to lodge the police report was made in accordance with the advice and order of the Board of Directors with the recommendation from the managing director to safeguard the interests of the company, the shareholders, other stakeholders and the public.
The director who was a board member of the company from 2003 to 2017 was also a director and shareholder of Tekad Mulia Sdn Bhd during the period in which the alleged act being committed.
“The director, in acting without board authority, was acting in conflict of interest in relation to the transactions involving the divestment of Semua International Sdn Bhd (SISB) and Collateralized Loan Obligation (CLO) Debt settlement (since he was also a Director and shareholder of Tekad Mulia Sdn Bhd), a substantial shareholder of the Company during the period in which the alleged act being committed. The Director has made certain undertaking to the Purchaser and Trustee, Malaysian Trustee Bhd and Bondholders in the Settlement Agreement 2013,” said Sumatec board of directors in the filing.
Checks with Companies Commission of Malaysia (SSM’s) records list former director Chan Yok Peng as a director and shareholder in Tekad Mulia.
The former director also allegedly placed the company’s seal on an agreement without the resolution of the board for a settlement agreement for a CLO Debt for the company’s previous subsidiary SISB. This resulted in Sumatec acknowledging the undertaking to settle around RM80 million, even though the liability has been waived.
He was also found to have been allegedly negligent in handling his duties in relation to the financing of vessels under the Company’s subsidiaries, SISB and Semado Shipping Sdn Bhd, by failing to ensure the takeover of the Sumatec’s guarantees to Bank Pembangunan Malaysia Bhd and Malayan Banking Bhd to Hoe Leong Corp Ltd , a company incorporated and listed on the Singapore Stock Exchange.
As well as failed to procure the guarantee and to replace the company’s guarantee from the controlling shareholder of SISB, Hoe Leong Corporation Bhd as stipulated in the Settlement Agreement 2013 and the company’s Circular to Shareholders dated May 30 2013, which has caused the company to be summoned and face winding-up proceeding for liabilities estimated at about RM350 million.
The director had allegedly acted alone and without the permission of the board of directors in signing the Parental Company Guarantee Agreement” dated May 2, 2016 to the Continental Industrial Supply And Services Limited Liability Company Partnership (CISS.)
This was to secure the payment of the Kazakhstan based oil and gas company, CaspiOil Gas LLP (COG) contract, which resulted in the company paying for arbitration proceedings of about US$6 million.

Posted by kenie > 2018-12-11 16:08 | Report Abuse

6 Aug 2018 SUMATEC HALIM BIN SAAD Disposed 66,000,000
29 Jan 2018 SUMATEC HALIM BIN SAAD Disposed 127,000,000
18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 14,200,000
18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 9,570,000
13 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 6,076,200
12 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 3,000,000
11 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 25,500,000
7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 10,000,000
7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 22,500,000
9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 6,000,000
9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 8,000,000
6 Dec 2016 SUMATEC HALIM BIN SAAD Disposed 19,000,000
6 Dec 2016 SUMATEC CHAN YOK PENG Disposed 36,799,000
2 Dec 2016 SUMATEC HALIM BIN SAAD Disposed 77,731,000
20 Jul 2016 SUMATEC HALIM BIN SAAD Disposed 46,000,000

Posted by kenie > 2018-12-11 16:08 | Report Abuse

SUMATEC - NEW ADMISSION INTO PN17
FINANCIAL CONDITION
Kindly refer to the company's First Announcement pursuant to Practice Note 17 dated 30 April 2018.

Posted by kenie > 2018-12-11 16:08 | Report Abuse

SUMATEC halim saad Disposed 66,000,000 ( 474,178,800 shares 11.1500 %)
halim saad selling....want ...

Posted by mr yong > 2018-12-11 16:38 | Report Abuse

一起做過的蠢事情
https://www.youtube.com/watch?v=JkDltHER9rc

Posted by derrickinvestor > 2018-12-11 17:42 | Report Abuse

why keep on posting olds news... to create panic among investors?

Posted by moneypedia > 2018-12-11 20:46 | Report Abuse

aiyoo kidai kopi sula bukak, kopi o kaw kulang manis siatu kalu

Posted by Crasd123 > 2018-12-11 22:16 | Report Abuse

Ini pukimak counter, i sdh jual, beli Nestle

Posted by apolloang > 2018-12-11 22:26 | Report Abuse

u got 1 mil shares then can buy 1000 nestle.....u sendiri consolidation ar? if u bought sumatec 10cts one,nestle must up to rm1000 only u can make back lo.....hahaha

Posted by 5354_ > 2018-12-12 13:18 | Report Abuse

HS disposed 25 million shares. Why ah?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6003685

Posted by 5354_ > 2018-12-12 13:20 | Report Abuse

1.5 sen HS even sold.

Posted by Alex™ > 2018-12-12 13:52 | Report Abuse

Haha... One day I will be correct!

Posted by armadatuah2017 > 2018-12-12 15:26 | Report Abuse

Pn17 company. What to expect. 25 mil shares only worth less than 500K. Only can pay for his kitchen renov

Posted by Darth > 2018-12-12 16:24 | Report Abuse

If at all this company close down.
It's about how HS manipulated using MELL and con stories.
Dispose 25mill @ 0.015 when Khazakstan has a golden reserve?
Aiyayooo. Apa pasal desprate Mau jual?

Posted by Darth > 2018-12-12 16:30 | Report Abuse

Saya agak-agak ini HS sulah ada main belakang loh.
Apa pasal Mau jual 0.015?
Tunggu MACC punya reports.
Kasi tengok Losmak ada pakai HS (sama-sama pakai) kasi wang keluar?

Posted by Darth > 2018-12-12 16:34 | Report Abuse

The irony of the situation.
When HS disposed 25mill shares @ 0.015,
Who bought and pushed the price up to 0.02?

Posted by MamakKutty > 2018-12-12 16:34 | Report Abuse

HS running, bo chao si arhhh, can run 1 sen save 1 sen...

Posted by Darth > 2018-12-12 16:38 | Report Abuse

Got oil korek or not?
5 bulan ada lagi.
Itu Bulsa punya olang can always come forward to clarify.
If no Oil than most likely close shop Loh!

Posted by MamakKutty > 2018-12-12 16:40 | Report Abuse

drill pig got oil and gas, kan

Posted by Darth > 2018-12-12 16:42 | Report Abuse

Guys. If got news that these idiots actually have a contract with Khazakstan digging oil than please share.
If No than everyone from HS to SC are all at cahoots slowly shutting down Sumatec!

Posted by pkmdirector > 2018-12-12 17:45 | Report Abuse

Sumatec never die! Korek minyak after tomorrow! Sumatec HIDUP! Investor HIDUP!

Posted by pkmdirector > 2018-12-12 19:29 | Report Abuse

Wow! Halim dispose share again! Who bought it?

Posted by pkmdirector > 2018-12-12 19:30 | Report Abuse

New boss?

Posted by Alex™ > 2018-12-12 19:37 | Report Abuse

See? Told u d... Confirm rock solid! Be greedy when people fear~

Posted by cashflow > 2018-12-12 21:36 | Report Abuse

HS no bullets. Let young and caliber investor lead the company

Posted by AiOne Corner > 2018-12-12 22:48 | Report Abuse

Aiyoo.. Tan seli juay lagi ka .. apa pasaitt..

Posted by moneypedia > 2018-12-12 22:54 | Report Abuse

dragonball yangan mayin2 aaaa..ilu aku simpan pinya itu di planet namek ata lesing siatu kali nnti...

Posted by moneypedia > 2018-12-12 22:55 | Report Abuse

sini kidai kopi sula yuai kopi jembut ala kaaa

Posted by pkmdirector > 2018-12-13 11:05 | Report Abuse

If not a new boss, then who going to queue to buy so many share in open market? He/her buy half in the open market and half with exchange hand from major.

Posted by pkmdirector > 2018-12-13 11:06 | Report Abuse

Maybe quantity was not yet to meet his/her mission.