Halim Saad sells more Sumatec shares KUALA LUMPUR: Tan Sri Halim Saad disposed of 62.748 million shares of Sumatec Resources Bhd at an average price of one sen each on Jan 18, which was an all-time low for the shares. A filing with Bursa Malaysia on Wednesday showed he sold the shares of the oil and gas services company for RM627,480. The disposal reduced his shareholding in the company, which is under the Practice Note 17, to 332.04 million shares or 7.80%. On Dec 20 last year, he disposed of 54.39 million shares for RM543,900. This could have triggered the plunge in its share price when it tumbled 33% or 0.5 sen to one sen on Dec 24. In the first nine months to Sept 30, Sumatec posted a net loss of RM1.91mil on revenue of RM2.98mil. To recap, in late September last year, Bursa Malaysia Bhd, the stock exchange operator, instructed the entire board of directors to attend a training programme after the company failed to undertake a proper assessment of its financial accounts. The oil and gas company was also publicly reprimanded by Bursa Malaysia. Sumatec had reported an unaudited profit attributable to the owners of the company of RM27.37mil in the fourth quarter ended Dec 31, 2016 (QR Dec 2016) on Feb 28. 2017. However, the company reported an audited loss attributable to owners of the company of RM62.018mil in the audited financial statements for the financial year ended Dec 31, 2016 (AFS 2016) announced on April 28, 2017. The difference of RM89.39mil between the QR Dec 2016 and AFS 2016 represented a variance of 326.6%. “Sumatec had failed to ensure that the QR Dec 2016 took into account the adjustments announced on Apr 28, 2017,” Bursa Malaysia said in the statement. The adjustments, Bursa Malaysia said, were mainly due to the company’s failure to undertake proper and reasonable assessment and make provision for liabilities of RM71.415mil and additional impairment of assets of RM10.343mil in accordance with the relevant accounting standards.
24 Jan 2019 SUMATEC HALIM BIN SAAD Disposed 197,298,800 shares (134,742,000 3.1680% )
23 Jan 2019 SUMATEC HALIM BIN SAAD Disposed 62,748,000 21 Dec 2018 SUMATEC HALIM BIN SAAD Disposed 54,390,000 12 Dec 2018 SUMATEC HALIM BIN SAAD Disposed 25,000,000 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 7 Dec 2016 SUMATEC HALIM BIN SAAD Others 19,000,000 (772,025,000 19.96%)
sumatec PN17 nobody want buy....YA...YA...before bursa suspend sumatec ,company put a good news for everybody ...halim hope everybody like this news and is a good news for halim is a good last chance to sell all his worthless shares to change real cash and exit bankruptcy SUMATEC
Sumatec award exploration kazakhstan drilling oil n year 2012 ,now drilling 7 year already no earn money, In the agreement drilling will expiry in year 2021.
sumatec is halim buy in 2011 inject oil gas kazakhstan drilling contract in 2013 crude oil at the peak just goreng goreng theme play for 2013 and 2014 and 5 years with non profit. exxon mobil,shell,petronas all produce oil have billion billion profit just this sumatec produce oil with low revenue and non profit. the financial report 2013-2017 have profit all come from right issue money.fake financial report fake revenue . now right issue money use finish. halim start sold out their holding shares. halim age 66 .Now halim not businessman is retired man.
yagah ? dun spread old news la.. u got know the oil field concession period is already extended or not? google more pls
kenie Sumatec award exploration kazakhstan drilling oil n year 2012 ,now drilling 7 year already no earn money, In the agreement drilling will expiry in year 2021. 12/07/2019 11:03 AM
No cash flow no money pay debt this year current liabilities need money settle supplier ..worker salary not enough money operating ...will bankrap lo... every body shares holder can use own money buy ticket go Kazakhstan and take a barrel crude oil come back malaysia pump you own car...oh forget you need refining first before you pump into you car haha ...
Wow .. KNM had climbing up quite impressive this year from 0.07+ to 0.36 ... This time we will see how far Sumatec will do .. Will it be the same or higher n brighter future... Cheers.. Nothing is impossible ... it just, Whether you believe it or not ... ;D
HS bought secretly thru proxy......... Becoz he carried a bad name B4...the sentiment very delicate ... Its good for Sumatec to go along without HS.....
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Posted by DickyMe > 2019-07-12 10:16 | Report Abuse
" Posted by Newbiesky > Jul 11, 2019 11:38 PM | Report Abuse
wow, paktua GI lawat durian karnival kat raub ke? haha welcome to raub paktua. haha"
Paktua liwat durian???? Anu besi kot? Kikikiki