SUMATEC RESOURCES BHD

KLSE (MYR): SUMATEC (1201)

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Last Price

0.005

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


143 people like this.

154,731 comment(s). Last comment by Sanatan 2 months ago

aris743

726 posts

Posted by aris743 > 2019-04-07 15:31 | Report Abuse

nati batman save

polycarp

1,991 posts

Posted by polycarp > 2019-04-07 16:24 | Report Abuse

Dream becomes the batman. Are you
having a good time?

DreamPredator

1,507 posts

Posted by DreamPredator > 2019-04-07 21:03 |

Post removed.Why?

DreamPredator

1,507 posts

Posted by DreamPredator > 2019-04-07 21:10 |

Post removed.Why?

DreamPredator

1,507 posts

Posted by DreamPredator > 2019-04-07 21:15 |

Post removed.Why?

DreamPredator

1,507 posts

Posted by DreamPredator > 2019-04-07 21:18 | Report Abuse

Sorry, Ah Leo. Not for me your average skin on bone, ironing board, scarecrow, clothes-hanger types. Can't float my boat.

DreamPredator

1,507 posts

Posted by DreamPredator > 2019-04-07 21:29 |

Post removed.Why?

Kimchor11

17 posts

Posted by Kimchor11 > 2019-04-07 22:07 | Report Abuse

hope Suma 3

moneypedia

5,987 posts

Posted by moneypedia > 2019-04-07 23:45 | Report Abuse

yah gah gah gah gih

Posted by Crash123456buil > 2019-04-08 00:13 | Report Abuse

Sumatec 0.60

polycarp

1,991 posts

Posted by polycarp > 2019-04-08 00:44 | Report Abuse

Dream your chappati looking good!!

DreamPredator

1,507 posts

Posted by DreamPredator > 2019-04-08 04:57 | Report Abuse

Polycarp, LOL

Of course. I'm a connoiseur of chappati. I know just where to get the best.

king36

1,022 posts

Posted by king36 > 2019-04-08 05:04 | Report Abuse

Sumatec 0.60???????????????

3 weeks left. Any white knight?

Why nobody take action against the two crooks inside?

freddiehero

16,721 posts

Posted by freddiehero > 2019-04-08 06:50 | Report Abuse

wan fly liao.. fly liao.. fly liao...

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-04-08 12:00 | Report Abuse

baik propose ketum !!

dragonslayer

9,527 posts

Posted by dragonslayer > 2019-04-08 12:05 | Report Abuse

Aiyo..lai lai lai...wa mau jadi referee lah...tapi..takda judi here lah...since everyone also waiting the ploposal...we teka teki...what type of ploposal will come out...aiyoyo...kikiki

lai lai lai...teka teki apa ploposal will be out by this moth..

1. takda ploposal tunggu suspension
2. tan seli get white knight with big title one..issue saham in reverse takeover sumatec
3. Petronas JV...buy tan seli 50% oil concession
4. cinaman or other company buy sumatec oil concession right portion
5. others

lai lai lai...siapa ada new ideas..can add lah...see mana tau..ada one of them correct leh

Posted by zenbeginner > 2019-04-08 12:13 | Report Abuse

Proposals
1. takda ploposal tunggu suspension - 99.89998 %probability
2. tan seli get white knight with big title one..issue saham in reverse takeover sumatec - 0.1% probability
3. Petronas JV...buy tan seli 50% oil concession - 0.00001% probability
4. cinaman or other company buy sumatec oil concession right portion - 0.00001%

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-04-08 12:16 | Report Abuse

now must go with ochee / duri hitam @ D200

sekilo RM80

cilakak betui ...kulit aje dah RM150



kikikikik

ramjamdr

158 posts

Posted by ramjamdr > 2019-04-08 12:44 | Report Abuse

even oil usd100 also sumatec won go up because the bosses don't know how count to count

Posted by derrickinvestor > 2019-04-08 15:02 | Report Abuse

So dream u cut loss ka?

Posted by zenbeginner > 2019-04-08 16:05 | Report Abuse

Leoleo dipersilakan encik Hanssan, sumatec CEO teng teng teng.....

hahaha
08/04/2019 2:57 PM


Leoleo TP 2 RM
08/04/2019 2:57 PM


Leoleo, i really love your optimism, man....

Darth_

96 posts

Posted by Darth_ > 2019-04-09 02:35 | Report Abuse

Every day why so many q to sell at 1 sen? HS also want to sell more?

DreamGuardian

1,166 posts

Posted by DreamGuardian > 2019-04-09 06:15 | Report Abuse

Sold my last remaining lots of WA 6 sen, Ah Likk. In early 2015.

DreamGuardian

1,166 posts

Posted by DreamGuardian > 2019-04-09 06:28 | Report Abuse

But before that already sold one round at 16 to switch to NovaMSC that time I got at about 17.5

Something like that, IIRC.

DreamGuardian

1,166 posts

Posted by DreamGuardian > 2019-04-09 06:29 | Report Abuse

typo:

not WA, but WB.

Jaden

5,915 posts

Posted by Jaden > 2019-04-09 08:27 | Report Abuse

As I said.. bankrupt or kaya raya
Ikan bilis bancuh kopi sembang here can..hahaha

polycarp

1,991 posts

Posted by polycarp > 2019-04-09 10:25 | Report Abuse

Oil price up

polycarp

1,991 posts

Posted by polycarp > 2019-04-09 11:06 | Report Abuse

Jangan kasi malu ini Sumatec
and Halim Saad - Managing Director

Posted by zenbeginner > 2019-04-09 11:44 | Report Abuse

SumateXit Countdown 21 days to end April/Proposal

Sanatan

654 posts

Posted by Sanatan > 2019-04-09 14:48 | Report Abuse

What happens in 21 days ? Sumatec will close or ask for another extension ? Asking for extensions a trend here....

Posted by zenbeginner > 2019-04-09 15:48 | Report Abuse

with oil price so high, shd come up easily with a proposal anytime soon...haha...just use a standard template and fill in the prices...haha...

DreamSorcerer

1,140 posts

Posted by DreamSorcerer > 2019-04-10 05:12 | Report Abuse

yah gah

Leoleo

5,508 posts

Posted by Leoleo > 2019-04-10 09:30 | Report Abuse

sumatec total share 4.253b , par value at 0.14

share price at 0.01 market cap is 42.5M

if reduce 10 cents from par value to 0.04. can get 425M ?

polycarp

1,991 posts

Posted by polycarp > 2019-04-10 10:01 | Report Abuse

Leoleo good morning!!
KNM overpriced. Sumatec under
priced

polycarp

1,991 posts

Posted by polycarp > 2019-04-10 11:12 | Report Abuse

373 million waiting to buy at 005.
BElum close. Still very active

polycarp

1,991 posts

Posted by polycarp > 2019-04-10 11:19 | Report Abuse

Pandai goyang kah Leoleo

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

DreamMarauder

1,094 posts

Posted by DreamMarauder > 2019-04-10 19:51 |

Post removed.Why?

DreamMarauder

1,094 posts

Posted by DreamMarauder > 2019-04-10 20:17 |

Post removed.Why?

DreamMarauder

1,094 posts

Posted by DreamMarauder > 2019-04-10 20:59 |

Post removed.Why?

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2019-04-11 07:34 | Report Abuse

Nothing much can do around here except to wait for oil price to shoot above US$100 per barrel.

Leoleo

5,508 posts

Posted by Leoleo > 2019-04-11 09:06 | Report Abuse

by that time suma already delisted ?

Buy1sell2 Nothing much can do around here except to wait for oil price to shoot above US$100 per barrel.
11/04/2019 7:34 AM

Leoleo

5,508 posts

Posted by Leoleo > 2019-04-11 09:31 | Report Abuse

1 cent sapu all

Ron90

4,083 posts

Posted by Ron90 > 2019-04-11 09:36 | Report Abuse

wah..moving

polycarp

1,991 posts

Posted by polycarp > 2019-04-11 09:41 | Report Abuse

Leoleo time to buy more?

eatsmall

1,552 posts

Posted by eatsmall > 2019-04-11 09:42 | Report Abuse

BossKu sudah mari..

Posted by KAI951028 > 2019-04-11 09:43 | Report Abuse

faster buy more before too late

Waikam83

29 posts

Posted by Waikam83 > 2019-04-11 09:49 | Report Abuse

apa terjadi

nckcm

2,726 posts

Posted by nckcm > 2019-04-11 09:49 | Report Abuse

Waaa goreng time even dead counter come back to life ahaha

Leoleo

5,508 posts

Posted by Leoleo > 2019-04-11 09:50 | Report Abuse

up to you...u should have loaded it at 1 cent....

polycarp Leoleo time to buy more?
11/04/2019 9:41 AM

kenie

761 posts

Posted by kenie > 2019-04-11 09:50 | 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.

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