Posted by Alex™ > 2019-11-07 16:44 | Report Abuse

shareholder letter say investors are better off put money in passive investing, but sendiri punting ibm and disney

Posted by Alex™ > 2019-11-07 16:47 | Report Abuse

ok la, time to show card liao..... net earning semuatek....u believe or not?

Posted by Sneakpeek > 2019-11-07 20:44 | Report Abuse

Halim aready distant himself by stressing he only hold 3% share..but gambler will take their chance anyway.

Posted by aris743 > 2019-11-07 21:01 | Report Abuse

god bye suma

Posted by scrown > 2019-11-07 21:39 | Report Abuse

KUALA LUMPUR (Nov 1): Tycoon Tan Sri Halim Saad said the board of Sumatec Resources Bhd is still confident of keeping the company afloat, following the announcement of the indefinite suspension of its shares starting next week.

In a statement today, Halim said that Sumatec had, after its restructuring in 2013, assured shareholders that it was debt free — the condition before his entry into the company.

“The company invited various members of the business community (some have resigned since) and all members of the board were independent directors.

“Neither I nor my partner, Abu Talib Rahman were appointed to the board,” he said.

Halim, who has been in the limelight recently after he joined the race to take over PLUS Malaysia Bhd and Gamuda Bhd’s four toll highways, explained that in 2015, a corporate guarantee that was given to “so-called” creditors had surfaced.

And that the company seal was used by two non-executive directors who committed the company to large legacy debts, which related to shipping.

These debts was supposed to be settled through the restructuring exercise in 2013, with the disposal of the shipping business, according to Halim.

“The board did not authorise/approve the guarantee and the use of the company seal. We consider this guarantee as fraudulent and have taken legal action. The matter is still before the court.

“In the meantime, a winding-up order was given and this led to the suspension by KLSE (Bursa Malaysia),” said Halim.

After the guarantee surfaced, Abu Talib appointed himself to the board on July 1, 2016, to handle all court matters.

Halim was appointed to the board on March 30, 2018, to help with the situation, the statement said.

“Sumatec was always short of cash and I have been supporting the group since then. At the peak, I advanced RM86.5 million directly to Sumatec and around RM81.02 million indirectly for the oil and gas operation,” he said.

Furthermore, Halim highlighted that he currently holds only 3% of Sumatec.

In January this year, he ceased to be a substantial shareholder of the company after disposing of 197.3 million shares, which is equivalent to 4.63%, on the open market for RM1.1 million, leaving him with a 3.168% stake.

Nonetheless, he was once Sumatec’s largest shareholder, before he began to pare down his stake in the company in 2018.

Halim had a direct interest of 540.18 million shares or 12.7% of Sumatec as at March 21, 2018, according to the company’s 2017 annual report. A year prior, he held close to 20% equity stake in Sumatec, the annual report 2016 show.

Sumatec has been categorised as a Practice Note 17 (PN17) company since April last year, following an announcement dated Oct 17 when the company said it had received a winding-up order in respect of a winding-up petition.

In the Oct 17 filing, the financially-ailing company said it will be appealing against the High Court's decision in respect of the winding-up order.

The company slipped into PN17 when its external auditors Messrs Grant Thornton Malaysia expressed a disclaimer of opinion on the company's audited financial statements for the financial year ended Dec 31, 2017.

The group received a petition last August from its bondholders demanding payment of RM83.31 million from three collaterialised loans they had extended to Sumatec.

The bondholders, namely Kerisma Bhd, Capone Bhd and Prima Uno Bhd, first called up the debt in 2017 via Malaysian Trustees Bhd, after terminating a settlement agreement on the facilities.

Sumatec was the most actively traded counter on Bursa today with 312.83 million shares changing hands. However, its share price remained unchanged at 0.5 sen at the closing bell, giving it a market capitalisation ofr RM21.3 million.

Posted by trap666 > 2019-11-07 21:53 | Report Abuse

@Prince4 DGSB 主要业务也已脱售 公司业务根本脱节 只是在此奉劝大家远离 DGSB !!!

Posted by strattegist > 2019-11-08 08:41 |

Post removed.Why?

Posted by ajaaja > 2019-11-08 10:00 | Report Abuse

wah... thougt this suma-forum also "suspended", when the share suspended?

forum Still active? hehehe

Posted by strattegist > 2019-11-08 10:02 |

Post removed.Why?

Posted by RX350 > 2019-11-08 10:13 | Report Abuse

trap666 @Prince4 DGSB 主要业务也已脱售 公司业务根本脱节 只是在此奉劝大家远离 DGSB !!!

Bilis trap666, don't make me laugh here la, you are not up to prince4 level yet, talk cock you pandai, looks at what you talked in perisai before it get suspended lol

Posted by trap666 > 2019-11-08 10:18 | Report Abuse

hehe..SARA..u got trap for how many years already ya...HAHAHAA...u r not even my level..continue for ur DGSB BETTER...hehe

Posted by aris743 > 2019-11-08 10:24 | Report Abuse

mis u always suma

Posted by RX350 > 2019-11-08 10:32 | Report Abuse

trap666 buy lah
15/01/2019 14:29

trap666 UP UP UP Perisai
15/01/2019 14:34

trap666 Tmr will be U-TURN
15/01/2019 14:34

trap666 BUY BUY BUY NOW
15/01/2019 14:34

trap666 it is just trick fast buy buy buy ~
15/01/2019 15:17

trap666 you are management meh !? All about show ·
15/01/2019 15:18

trap666 u all go support 0.005 can mou @@!
15/01/2019 15:28

trap666 no no no...still not sink yet !!!! Buy buy buy...wait for U TURN !!!!!!!!!!!!!!!
15/01/2019 17:19

trap666 Im just here to show how stupid you all are. This is the real TRAP ~
16/01/2019 09:58

trap666 And if anyone really buy this perisai due to my BUY CALL, you all really stupid lah...just take it experience okay..DO NOT believe BUY CALL in the forum ~~~~~~~
16/01/2019 12:02

Posted by polycarp > 2019-11-08 11:11 | Report Abuse

Good morning Leoleo

Posted by strattegist > 2019-11-08 11:13 | Report Abuse

@polycarp... did you follow me?... yes or no?...

Posted by RX350 > 2019-11-08 11:45 | Report Abuse

Leoleo this RX350 is MNA syndicate promoter, same gang with mr captain looiks .

hehehe

Posted by zenbeginner > 2019-11-08 11:49 | Report Abuse

any news or not? Sumadead BOD - when are you going to update us stakeholders?

Posted by trap666 > 2019-11-08 11:50 | Report Abuse

This RX350 got many fake accounts one lah..stupid syndicate promoter @@

Posted by aris743 > 2019-11-08 12:00 | Report Abuse

smile knm smile, cry suma cry

Posted by Alex™ > 2019-11-08 12:00 | Report Abuse

Semua tek run before too late!

Posted by strattegist > 2019-11-08 12:04 |

Post removed.Why?

Posted by zenbeginner > 2019-11-08 12:20 | Report Abuse

Alex™ Semua tek run before too late!
08/11/2019 12:00 PM

How to run? :-(

Posted by witchslayer > 2019-11-08 13:08 | Report Abuse

Aiyo..hello....how is everyone here...long time didnt come back here...is everythig ok.....aiyoyo...kikiki

Posted by KoonYewSiong67 > 2019-11-08 14:45 | Report Abuse

ANY news here? why today cant buy in?

Posted by sallehch > 2019-11-08 17:56 | Report Abuse

Hai Sumatec, How are u. Iam with MTRONIC.

Posted by Alex™ > 2019-11-09 07:36 | Report Abuse

Who's going to huat with me todayyyy

Posted by strattegist > 2019-11-09 08:30 | Report Abuse

comatose...

Posted by Mohd123 > 2019-11-09 10:34 | Report Abuse

slmt pagi suma.

Posted by DickyMe > 2019-11-09 11:12 | Report Abuse

ya gah?

Posted by sallehch > 2019-11-09 12:21 | Report Abuse

wake up

Posted by aris743 > 2019-11-10 09:49 | Report Abuse

hidup suma

Posted by strattegist > 2019-11-10 21:47 | Report Abuse

polarland is damn cold.....

Posted by Mohd123 > 2019-11-10 21:57 | Report Abuse

suma = renong = nehill

Posted by aris743 > 2019-11-11 10:51 | Report Abuse

slmt pagisumatec

Posted by AiOne Corner > 2019-11-11 11:40 | Report Abuse

Allahumma Aamiin .. :)

Posted by strattegist > 2019-11-11 12:44 |

Post removed.Why?

Posted by sallehch > 2019-11-11 12:57 | Report Abuse

Ayoyooo, macam mimpi tengok harimau

Posted by Mohd123 > 2019-11-11 13:11 | Report Abuse

hidup suma

Posted by KP8888KP > 2019-11-11 15:04 | Report Abuse

suma masih Koma lagi, sudah start mimpi gah?...aiyoyo

Posted by Westeros > 2019-11-11 16:25 | Report Abuse

mimpilah selagi boleh mimpi.....setakat ni bid yang paling tinggi Kepada Khazanah adalah dari TSHS iaitu RM5.3B untuk 51% saham PLUS yang dipegang oleh Khazanah dan baki 49% masih dipegang oleh KWSP. Lain2 bidders bid untuk 100% tak sampai pun 5.3B. Jadi peluang adalah amat baik jika Kabinet membuat keputusan untuk jual ia akan dijual kepada TSHS. so lets see

Posted by Alex™ > 2019-11-11 18:21 | Report Abuse

yesterday i had a dream.....sumatec limit up

Posted by Banditos > 2019-11-11 20:06 | Report Abuse

surely u woke up noticin ur small ahbeng limited up down there. kikikiki

Posted by polycarp > 2019-11-11 21:05 | Report Abuse

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

Posted by DreamMaster > 2019-11-11 22:46 |

Post removed.Why?

Posted by DreamMaster > 2019-11-11 22:48 | Report Abuse

Manyiak kulut lor. Ponttot pun talak nampak apa2 pinya leh.

Apa pasat itu maciam pinya ah.

Tia kicit kicit pinya yam, tia amak talak cukup kasi magan pinya leh.

Posted by polycarp > 2019-11-12 09:44 | Report Abuse

Kicit makan nasi dan byk sayur tak
busat busat bongkong

Posted by polycarp > 2019-11-12 09:47 | Report Abuse

Busat bongkong kuat goyang goyang
tiki tiki!!

Posted by derrickinvestor > 2019-11-12 10:42 | Report Abuse

wah... masih hidup lagi forum ini...

Posted by aris743 > 2019-11-12 11:13 | Report Abuse

hidup suma

Posted by Baby Shark > 2019-11-12 11:48 | Report Abuse

Hope no bankrupt ..