Posted by Ywchew8255 > 2019-01-23 18:36 | Report Abuse

Tomorrow all queue 0cents, good luck!

Posted by zenbeginner > 2019-01-23 18:44 | Report Abuse

digi_three at this time of tribulations, there are many ill wishes than best wishes. hope HS will have the wisdom to resolve this.

I second this......wishing him the wisdom and the conscience to resolve this, for our sakes...:-(

Posted by Ywchew8255 > 2019-01-23 18:44 | Report Abuse

U say sumatec mati, why ada bodoh beli half cents

Posted by Heng Chai > 2019-01-23 18:51 | Report Abuse

They try to attract buyer at 0.005 and dump it once the queue is sufficient to absorb the selldown. Fake illusion

Posted by zenbeginner > 2019-01-23 18:54 | Report Abuse

~~~~~~~~~
Heng Chai They try to attract buyer at 0.005 and dump it once the queue is sufficient to absorb the selldown. Fake illusion

To achieve the objective of ???

Posted by AiOne Corner > 2019-01-23 21:43 | Report Abuse

Anyway, Sumatec is established since 1979 .. With many up and down...

So, I believe the Board of Directors will strive hard to maintain this O&G Company n stay reliable no matter what ...

Lets pray for everyone ... HARAPAN masih ada .. :)

Posted by limkokthye > 2019-01-23 22:58 | Report Abuse

tun m will save sumatec

Posted by pang72 > 2019-01-23 23:02 | Report Abuse

Tan Sri 1 cent sold off 62mils shares.
Apa ini la??

60cent dont want sell but sell at 1cents!!

Posted by pang72 > 2019-01-23 23:04 | Report Abuse

62mils shares at 1 cents = 620,000
62mils shares at 60cents = 37,000,000

Tan Sri LPPL!!

Posted by Nicholasming91 > 2019-01-23 23:13 | Report Abuse

Knn 0 revenue, 444k cash only

Posted by 692718720 > 2019-01-24 02:01 | Report Abuse

Who buy halim share ? Who? Who eat so much from him ?

Posted by moneypedia > 2019-01-24 08:35 | Report Abuse

kontolidate tu bila tu nak implement tu agak2...

Posted by mukhriz02023 > 2019-01-24 08:39 | Report Abuse

Buy2. Limit up today

Posted by mukhriz02023 > 2019-01-24 08:40 | Report Abuse

Maybe tommorow as well

Posted by Ywchew8255 > 2019-01-24 09:52 | Report Abuse

Waitng delisted

Posted by Ywchew8255 > 2019-01-24 10:14 | Report Abuse

Hs ialah penipu kuat

Posted by zenbeginner > 2019-01-24 10:23 | Report Abuse

Either the figures are still kept hidden or in reality, really an empty shell company....

Posted by zenbeginner > 2019-01-24 10:36 | Report Abuse

pls visit sumatec office
SUMATEC RESOURCES BERHAD (428355-D)
43-3, The Boulevard,
Mid Valley City, Lingkaran Syed Putra,
59200 Kuala Lumpur
Willayah Persekutuan
Malaysia

Posted by Ywchew8255 > 2019-01-24 10:40 | Report Abuse

Visit office , hahaha, no entry

Posted by afifi > 2019-01-24 11:02 | Report Abuse

mati...hantu cari...
or. jadi hantu lepas mati . he heee

Posted by tlbeng > 2019-01-24 13:06 | Report Abuse

lol wind up then no need to resign liao
Halim maybe need money to buy UEMS hahaha, his old lover

Posted by jonnysoo1 > 2019-01-24 13:11 | Report Abuse

who dare to gamble ?

Posted by moneypedia > 2019-01-24 13:16 | Report Abuse

either 2 laaa kontolidation or worse delist laaa here

Posted by derrickinvestor > 2019-01-24 13:23 | Report Abuse

Blacklist this tshs

Posted by Ywchew8255 > 2019-01-24 13:26 | Report Abuse

Good bye titatinic

Posted by monorail > 2019-01-24 13:40 | Report Abuse

What will Sumatec pay:
10M USD Signature Bonus
85M USD Historical Costs
40M USD Performance Guarantee to be offset against Royalty @ USD5/BBL

Sumatec paid already to THS or not?

Posted by zenbeginner > 2019-01-24 15:36 | Report Abuse

Darn, so much negativity....
Anyway, what is interesting is who are buying and why buy all these shares from HS since this is a sinking ship? that mean there are some people willing to risk hundred thousands in total to gamble on this? guess even increase of 0.005 cents there is 50% gain.....haha...

Posted by Ywchew8255 > 2019-01-24 15:50 | Report Abuse

Who will be md of sumatec future

Posted by Ywchew8255 > 2019-01-24 16:04 | Report Abuse

Can handle job?

Posted by kenie > 2019-01-24 16:15 | 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 > 2019-01-24 16:15 | Report Abuse

12 Dec 2018 HALIM BIN SAAD Disposed 25,000,000
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 > 2019-01-24 16:18 | Report Abuse

24 Jan 2019 HALIM BIN SAAD (197,298,800 units Disposed)
23 Jan 2019 HALIM BIN SAAD (62,748,000 units Disposed)
21 Dec 2018 HALIM BIN SAAD (54,390,000 units Disposed)

Posted by kenie > 2019-01-24 16:18 | Report Abuse

SUMATEC halim saad Disposed 197,298,800shares
halim saad selling....want ...

Posted by kenie > 2019-01-24 16:18 | Report Abuse

Halim Saad ceases to be substantial shareholder in Sumatec
KUALA LUMPUR (Jan 24): Businessman Tan Sri Halim Saad has ceased to be a substantial shareholder of Sumatec Resources Bhd, after disposing of 197.3 million shares in the Practice Note 17 company for RM1.1 million.
Sumatec's filing with Bursa Malaysia today showed that Halim sold the block of shares via the open market on Jan 22. This leaves Halim with a 3.168% stake in the group following the disposal.
Halim, once Sumatec's largest shareholder, has been paring down his stake in the group since last year.
For the cumulative nine months ended Sept 30, 2018 (9MFY18), Sumatec posted a net loss of RM1.91 million compared with a net profit of RM1.88 million a year ago. Revenue fell 75.5% to RM2.99 million from RM12.19 million in 9MFY17.
On April 30, 2018, Sumatec announced that its external auditors Messrs Grant Thornton Malaysia had expressed a disclaimer of opinion on the group's audited financial statements for the financial year ended Dec 31, 2017 (FY17).
The auditors were unable to obtain sufficient appropriate audit evidence on the appropriateness of its going concern assumption.
Grant Thornton had highlighted that the group and the company had incurred a net loss of RM113.95 million and RM171.06 million respectively in FY17. The group and the company also recorded negative cash flows of RM15.33 million and RM9.86 million respectively on operating activities for FY17.
Sumatec shares ended the morning session down 0.5 sen or 50% to 0.5 sen today, with 1.86 million shares done, bringing a market capitalisation of RM21.26 million.

Posted by zenbeginner > 2019-01-24 16:25 | Report Abuse

Delisting?

Posted by jasontan1177 > 2019-01-24 17:00 | Report Abuse

buy1sell2 your TP 20 cent still intact ?

Posted by zenbeginner > 2019-01-24 17:05 | Report Abuse

Can anyone advise what other possible outcomes are now, other than delisting and a white knight saving this company?

Posted by Darth > 2019-01-24 17:05 | Report Abuse

About time Bursa Malaysia gets ironed Out! Enough of Stupid 2nd Liners and Ace Market counters being listed!
No need new Counters in the name of small caps to be listed!
Till today non really made it.
All got listed to con Retailers.
Bursa Malaysia Walk free!

Posted by Darth > 2019-01-24 17:09 | Report Abuse

Bursa Malaysia is the Main culprit.
Already know Halim is not doing anything at the back.
Didn't Bursa know that there wasn't any oil being digged?
So why was the 12 months extension?

Posted by Darth > 2019-01-24 17:13 | Report Abuse

Many hanky panky things are happening inside Bursa Malaysia where companies using loop holes reaping Retailers off.
Bursa Malaysia insiders are all involved for so many years.
About time MACC to investigate!

Posted by SirLockCro > 2019-01-24 17:51 | Report Abuse

Sumatetec still intact, babeh...

Posted by Darth > 2019-01-24 18:11 | Report Abuse

Sumatec still intact for what?

Posted by Darth > 2019-01-24 18:11 | Report Abuse

Con more Retailers?

Posted by Crasd123 > 2019-01-24 18:13 | Report Abuse

Sumatex future 0.60, back to 1998

Posted by Darth > 2019-01-24 18:14 | Report Abuse

Woi. You'll still babbling here after so many months of PN17?

Posted by Darth > 2019-01-24 18:15 | Report Abuse

This idiot HS. Why dispose below his purchased price?

Posted by TheMiddle > 2019-01-24 18:15 | Report Abuse

HS buy high sell low. He likes his lucky number 0005, that's why.

Posted by Darth > 2019-01-24 18:20 | Report Abuse

What Exactly happened with Sumatec in the 1st place?

Posted by zenbeginner > 2019-01-24 18:20 | Report Abuse

I think I lost my calmness already.....I think I want to cry already...haha...

Posted by Darth > 2019-01-24 18:24 | Report Abuse

What contract was signed in Khazakstan if any?