Posted by Darth > 2019-01-24 18:27 | Report Abuse

If nothing was signed.
Than what was Halim's purpose investing in Sumatec?

Posted by Darth > 2019-01-24 18:31 | Report Abuse

Still babling without answers?

Posted by Darth > 2019-01-24 18:38 | Report Abuse

Catch Halim!
Before Mahathir protects him!

Posted by Darth > 2019-01-24 18:44 | Report Abuse

Who is accountable today on what happened to Sumatec?

Posted by polycarp > 2019-01-24 18:47 | Report Abuse

Hopefully Mr Mahathir will bail out
Sumatec. It's a wonderfull opportunity
to give back to the people

Posted by Alex™ > 2019-01-24 19:06 | Report Abuse

Warren buffet say be greedy when ppl afraid

Posted by Buy1sell2 > 2019-01-24 19:17 | Report Abuse

@jasontan1177 I think my money is now "Colder than water" ....tong kor sui.
Average 4 sen now 0.5 sen. But still holding.... hopefully not like Perisai. Sumatec want to follow Perisai's foot steps????? HS out...but who is the major shareholder now???? Come on! Oil is going up ...so whats holding Sumatec???? I still keep my fingers crossed.

Posted by modestos > 2019-01-24 19:45 | Report Abuse

sumatec does not own the kazakhstan asset. markmore owns the asset.

Posted by modestos > 2019-01-24 19:46 | Report Abuse

sumatec owns nothing but debts and legal matters

Posted by Crasd123 > 2019-01-24 19:47 | Report Abuse

Sumatec 0.60, anytime, waitng Halim

Posted by modestos > 2019-01-24 19:47 | Report Abuse

all money raised has been transfered to markmore

Posted by Louis Chan > 2019-01-24 22:01 | Report Abuse

sumatec = all CAN！ ( in hakka!)

Posted by sell > 2019-01-24 22:04 | Report Abuse

HS disposed at lowest price 0.005. Suma can close shop or share consolidation coming?

Posted by VenFx > 2019-01-24 22:13 | Report Abuse

This can considered as most holland counter in 2016 to 2019 ?

Posted by sell > 2019-01-24 22:14 | Report Abuse

Wintoni and latest Suma. Why never learn? Follow boss unless you can be the boss.

Posted by Buy1sell2 > Jan 24, 2019 07:17 PM | Report Abuse
@jasontan1177 I think my money is now "Colder than water" ....tong kor sui.
Average 4 sen now 0.5 sen. But still holding.... hopefully not like Perisai. Sumatec want to follow Perisai's foot steps????? HS out...but who is the major shareholder now???? Come on! Oil is going up ...so whats holding Sumatec???? I still keep my fingers crossed.

Posted by VenFx > 2019-01-24 22:17 | Report Abuse

From day 1 , i hv bad feeling for semua tec...
The director dont even notice their company name implying to what meaning... bery bad . Mean all gone vanished like mh370 ... terrify me !

Posted by limkokthye > 2019-01-24 22:32 | Report Abuse

c liao la

Posted by limkokthye > 2019-01-24 22:33 | Report Abuse

tsh 0.005 also sell

Posted by topkek > 2019-01-24 22:40 | Report Abuse

save ur underwear while u can ..

Posted by moneypedia > 2019-01-24 22:41 | Report Abuse

wahh sleepy laaa reading all,yawnnnn

Posted by moneypedia > 2019-01-24 22:56 | Report Abuse

aiyoyo dragon lagi aiyoyo kikiko

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

All already knew of this conman Company, yet many foolhardy gamblers still think can strike gold here,now only realise too late, they are the last sohzai here...

Posted by DreamPredator > 2019-01-25 02:34 | Report Abuse

yah gah

Posted by DreamPredator > 2019-01-25 02:37 | Report Abuse

Klu sama ah moy, klu komen good x boleh, lg komen no good pun x boleh, gua tau apa maciam exactly mau bikin shama tia lor.

Posted by DreamPredator > 2019-01-25 02:40 | Report Abuse

Tu la, lu olang sumua ni. Kan sutah blapa lama gua ciakap, yangan manyiak sika yuiti mayin atat sinking ship. Mana ata gina pinya.

Posted by Buy1sell2 > 2019-01-25 09:20 | Report Abuse

This is part of the stock market game. Either you lose or you win. Just bad luck to have go into the pirates ships. http://www.theedgemarkets.com/article/sumatec-lodges-police-report-against-exdirector-over-alleged-misconduct

This ex-director is the one that is playing Sumatec out. Arrest him and help Sumatec get back the money.

Posted by jasontan1177 > 2019-01-25 10:13 | Report Abuse

mana noraini simu ? boleh kasi opinion ga......aiyoyo

Posted by kenie > 2019-01-25 11:01 | 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 > 2019-01-25 11:02 | 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 > 2019-01-25 11:03 | 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 > 2019-01-25 11:03 | 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 polycarp > 2019-01-25 12:11 | Report Abuse

Halim Saad is always disposing his
shares. One time I remember he
sold 100 million 15 minutes before
stock trading closes. That was 2 ys
ago.

Posted by hollandking > 2019-01-25 12:13 | Report Abuse

no longer substantial shareholder, so now can quietly disposed

Posted by hollandking > 2019-01-25 12:14 | Report Abuse

warren buffet would never touch this counter

Posted by cashflow > 2019-01-25 14:42 | Report Abuse

Who is the second largest shareholder?

Posted by one688easy > 2019-01-25 14:54 |

Post removed.Why?

Posted by limkokthye > 2019-01-25 15:20 | Report Abuse

sumatec no more d, director also wanna run away, all investor go raid his office and fuk tsh kao kao

Posted by Crasd123 > 2019-01-25 15:59 | Report Abuse

Sumatwc future 0.60

Posted by Sanatan > 2019-01-25 16:05 | Report Abuse

Suma to start again after clearing the "rubbish". But who is willing to lead it to former level ?

Posted by MamakKutty > 2019-01-25 17:25 | Report Abuse

ni loss making company can tutup kedai now, future halim can create another company TekTekSuma to work with makmore again.

Posted by Crasd123 > 2019-01-25 18:37 | Report Abuse

Sumayec future 0.60

Posted by hollandking > 2019-01-25 19:38 | Report Abuse

gila, 0.005 cent also sell

Posted by hollandking > 2019-01-25 19:39 | Report Abuse

which gamblers bought? Now u know how deep trouble u r in. He unleashed tons of shares on the open market for retailers

Posted by hollandking > 2019-01-25 19:41 | Report Abuse

u curretn shareholders dont get it do you, even if start over, someone come in , u guys will be massively diluted till zero

Posted by hollandking > 2019-01-25 19:41 | Report Abuse

the writing is already on the wall, someone willing to disposed even at .005, what does it tell you.

Posted by Alex™ > 2019-01-25 19:48 | Report Abuse

Sumatec name not ong... Must change name...

Posted by Alex™ > 2019-01-25 19:48 | Report Abuse

Now semua tek this counter...

Posted by limkokthye > 2019-01-25 23:16 | Report Abuse

still got buyer @ 0.005sen

Posted by limkokthye > 2019-01-25 23:22 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/03/31/sumatec-to-build-plant-in-kazakhstan/ all this alibaba story to con people

Posted by DreamCruiser > 2019-01-26 04:13 | Report Abuse

yah gah