SUMATEC RESOURCES BHD

KLSE (MYR): SUMATEC (1201)

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143 people like this.

154,731 comment(s). Last comment by Sanatan 2024-07-04 16:20

polycarp

1,991 posts

Posted by polycarp > 2020-06-22 23:51 | Report Abuse

Thank you Dream was nice to chat
with you

DreamMaster

1,157 posts

Posted by DreamMaster > 2020-06-23 14:59 |

Post removed.Why?

DreamMaster

1,157 posts

Posted by DreamMaster > 2020-06-23 14:59 | Report Abuse

gih gih gih

DreamMaster

1,157 posts

Posted by DreamMaster > 2020-06-23 15:00 | Report Abuse

itu polycarp sutah kina diu sama itu dreamwarrior gah

DreamMaster

1,157 posts

Posted by DreamMaster > 2020-06-23 15:01 | Report Abuse

gih gih gih

DreamMaster

1,157 posts

Posted by DreamMaster > 2020-06-23 15:04 | Report Abuse

manyiak pattan sama tia pinya mika lor

DreamMaster

1,157 posts

Posted by DreamMaster > 2020-06-23 15:05 | Report Abuse

gih gih gih

jasontan1177

1,768 posts

Posted by jasontan1177 > 2020-06-23 16:06 | Report Abuse

Wah mau diu u juga leh. Sendiri buy glove comp. Sula untung manyak lor ? Diam diam bikin untung wor ala olang.

DreamGuardian

1,169 posts

Posted by DreamGuardian > 2020-06-23 23:14 |

Post removed.Why?

DreamGuardian

1,169 posts

Posted by DreamGuardian > 2020-06-23 23:15 | Report Abuse

ah tan lu panggil itu polycarp kasi lekomen sama lu apa stok potential good buy lor

Leoleo

5,550 posts

Posted by Leoleo > 2020-06-24 19:00 | Report Abuse

wah NMGH memang sengaja tak bagi update to bursa wor ? chilaka tu olang

mf

29,214 posts

Posted by mf > 2020-06-24 19:01 | Report Abuse

Oil falls on rising stocks, worries of new virus wave

Posted by DreamCommander > 2020-06-24 23:55 |

Post removed.Why?

Posted by DreamCommander > 2020-06-24 23:57 |

Post removed.Why?

mf

29,214 posts

Posted by mf > 2020-06-24 23:58 | Report Abuse

Oil down 6% as U.S. crude inventories swell, pandemic resurgence feared

Posted by DreamCommander > 2020-06-24 23:59 |

Post removed.Why?

Posted by DreamCommander > 2020-06-25 00:03 |

Post removed.Why?

Posted by DreamCommander > 2020-06-25 00:06 | Report Abuse

mf

You need to learn to chill & relax every now & again

Thinkin extra hard & worryin your brain to shreds all the bloddy time ain't gonna make ya any more effective or successful as a serious long term investor

Dude

KP8888KP

458 posts

Posted by KP8888KP > 2020-06-25 20:04 | Report Abuse

nyawa-nyawa ikan, but not yet die completely....

jasontan1177

1,768 posts

Posted by jasontan1177 > 2020-06-25 22:23 | Report Abuse

Waiting bursa sent letter to delist suma la.

No update by 24th. Overdue.

mansaham1972

1,197 posts

Posted by mansaham1972 > 2020-06-26 00:11 | Report Abuse

Jgn risau sgt sebab SUMATEC ni ada 9 nyawa hahaha

Posted by David Coperfield > 2020-06-26 08:52 | Report Abuse

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
SUMATEC RESOURCES BERHAD ("SUMATEC" OR "THE COMPANY") - DELISTING OF SUMATEC FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") PURSUANT TO PARAGRAPH 16.11(2)(D) OF THE BURSA SECURITIES MAIN MARKET LISTING REQUIREMENTS
We refer to the letter from Bursa Securities dated 10 June 2020 with reference number GAI-05032020-00072 and the Company’s announcement dated 12 June 2020.

The Liquidator wish to inform the shareholders that we have received the Confirmation (as defined in the Company’s announcement dated 12 June 2020) from Abu Talib Shahrom (the legal firm representing the directors of the Company in appealing against the Company’s Winding-Up Order dated 15 October 2019) and submitted it to Bursa Securities on 22 June 2020.

The Liquidator wish to further advise the shareholders that the Winding-Up Order dated 15 October 2019 (“Winding-Up Order”) is being challenged and the appeal against Winding-Up Order is on-going. Based on the Confirmation, the former directors of Sumatec had instructed Abu Talib Shahrom to file an appeal against the Winding-Up Order. The Notice of Appeal has been filed at the Court of Appeal on 13 November 2019.
The main ground of appeal is the existence of a valid stay order issued by the Court of Appeal dated 21 February 2019 which has stayed all proceedings against Sumatec until the final disposal of Civil Suit No. WA-22NCC-65-02/2019 brought about by Sumatec against the Malaysian Trustees Berhad, Kerisma Berhad, Capone Berhad, Prima Uno Berhad, Chan Yok Peng, Hoe Leong Corporation Limited and Setinggi Holdings Limited (“Defendants”) (“Fraud Suit”).

The Fraud Suit was in respect of the Company’s allegation of fraud on the Settlement Agreement 2015 (as defined in the Company’s announcement dated 21 November 2018) against the Defendants. The Company is seeking for, inter alia, a declaration that the Settlement Agreement 2015 is null and void and that the Court of Appeal decision on 16 April 2018 to allow summary judgment to be entered against the Company by Malaysian Trustees Berhad, Kerisma Berhad, Capone Berhad and Prima Uno Berhad a nullity and to be set aside. To date, the Fraud Suit has not yet been fully disposed of.

There have been a series of case management for the appeal against the Winding-Up Order. The Court of Appeal has fixed 25 August 2020 for the hearing of the same.

However, the Liquidator is not a party to the appeal against the Winding-Up Order. As such, the Company shall make necessary announcements if such information is made available to the Liquidator.

As for the Fraud Suit, the Company currently has insufficient fund to proceed with the Fraud Suit. In addition, pursuant to a hearing on 9 June 2020 in relation to an application by Hoe Leong Corporation Limited and the order granted by the High Court of the same date, the Company was required to pay for security for cost in the amount of RM70,000 to the Court by 1 August 2020. Should the Company fail to pay the security for cost by the stipulated deadline, the Court will proceed to strike out the Fraud Suit against Hoe Leong Corporation Limited.

Pursuant to the foregoing, the Liquidator has written to certain shareholders and creditors of the Company for funding required to proceed with the Fraud Suit. The Liquidator has received no reply as to date.

The Liquidator wishes to further inform that should the Company fails to raise the funds for the Fraud Suit, the Company would have no other choice but to discontinue the Fraud Suit. As such, the Liquidator will make necessary announcements if there is material development.

This announcement is dated 25 June 2020.

Posted by David Coperfield > 2020-06-26 08:53 | Report Abuse

Apa dalam cerita ?

jasontan1177

1,768 posts

Posted by jasontan1177 > 2020-06-26 11:26 | Report Abuse

Need suma to win the fraut case suit .then can make the settlement agreement which require suma pay the 100 of m. To be void. Then suma can strike out the winding up order. Then suma can buka kedai. But now sumatec dun have money to spend on lawsuit.

70k . Paktua boleh tolong sikit ga ? Ask tan sri tulis surat sama u . Minta tolong

Kikikikiki

gelong

1,737 posts

Posted by gelong > 2020-06-26 13:44 | Report Abuse

Tersungkur

Posted by zenbeginner > 2020-06-26 16:19 | Report Abuse

aiyo, company so poor can't afford 70K for lawsuit...sigh

gelong

1,737 posts

Posted by gelong > 2020-06-26 16:40 | Report Abuse

Akikikiki

mf

29,214 posts

Posted by mf > 2020-06-26 16:40 |

Post removed.Why?

DreamCruiser

1,091 posts

Posted by DreamCruiser > 2020-06-27 05:43 | Report Abuse

yah gah

DreamCruiser

1,091 posts

Posted by DreamCruiser > 2020-06-27 05:44 | Report Abuse

mf kau baru mau run kah

DreamCruiser

1,091 posts

Posted by DreamCruiser > 2020-06-27 05:46 | Report Abuse

aku sudah brapa tahun left aku mari play play messin about only

kau baru panggil orang run kah

ha ha ha

jasontan1177

1,768 posts

Posted by jasontan1177 > 2020-06-27 11:44 | Report Abuse

Dulu u sulu olang beli warrant half cent la.niama.
Sekalang ciakap.lan si .

U sulu Derick hantam warrant . Cikap up 1 cent pun untung manyak. Kikikki ci la ka tu Dream

Xoxking3

175 posts

Posted by Xoxking3 > 2020-06-28 07:11 | Report Abuse

Sumatec x perlu bg 70k, Heo long kena bayar, fraud case fr Heo leong

DreamPredator

1,507 posts

Posted by DreamPredator > 2020-06-29 20:48 | Report Abuse

yah gah

gelong

1,737 posts

Posted by gelong > 2020-06-30 11:27 | Report Abuse

Makan angin, dream on

aris743

726 posts

Posted by aris743 > 2020-06-30 22:44 | Report Abuse

love suma

Posted by DreamCommander > 2020-07-03 02:50 |

Post removed.Why?

aris743

726 posts

Posted by aris743 > 2020-07-03 08:41 | Report Abuse

suma up up today

Posted by MariYahiMariYaho > 2020-07-03 13:07 | Report Abuse

No responsibility to this counter ?

Posted by MariYahiMariYaho > 2020-07-03 13:09 | Report Abuse

Management. No power ? What else their related company all cannot play lo

Posted by zenbeginner > 2020-07-03 14:26 | Report Abuse

yes, up up...hahaha...up to heaven....sorry,should down to hell hole already...haha

JacNgu

237 posts

Posted by JacNgu > 2020-07-03 16:19 | Report Abuse

failed to submit quartetly report. anything HS touches turn to shit. call yourself a corporate figure.

scrown

344 posts

Posted by scrown > 2020-07-03 21:01 | Report Abuse

If I am HS, I also refuse to play submitted game with Bursa. On this case, Bursa has not acted an independent role to balance public shareholders interest. The only outstandind court case is under fraud case status and furthermore the company did appeal to block winding up.

Why Bursa protected defenders interest instead of listed company interest to suspend the counter last year until we investors were unable to release our shares. Furthermore, this is a fraud case as mentioned under announcement, Bursa shouldn't create an excuse now to suspend it during old days. Who fault on this matter? Any hidden agenda in Bursa management?

Posted by MariYahiMariYaho > 2020-07-05 02:34 | Report Abuse

tell me those management still got holding what counter ~~~ I will stay away hahahah

Posted by David Coperfield > 2020-07-06 00:37 | Report Abuse

SUMATEC - CONTINUED SUSPENSION
ILC-01072020-00009
Kindly be advised that the above Company has failed to submit its 1st Quarterly
Report for the financial period ended 31 March 2020 ("1st QR 2020") to Bursa
Malaysia Securities Berhad ("Bursa Securities") for public release within the
stipulated timeframe pursuant to Paragraph 9.22(1) of Bursa Securities' Main
Market Listing Requirements ("Main LR"). Pursuant to Paragraph 9.28(5) of the
Main LR, if a listed issuer fails to issue the outstanding financial statements
within 5 market days after the expiry of the relevant timeframe as stated in
Paragraph 9.22 of the Main LR ("Relevant Timeframe") (the last day of the 5
market day period is referred to as "Suspension Deadline"), in addition to any
enforcement action that Bursa Securities may take, Bursa Securities shall
suspend the trading in the securities of such listed issuer. The suspension
shall be effected on the next market day after the Suspension Deadline. In view
of the above, and in the event that the Company is unable to submit the 1st QR
2020 on or before 7 July 2020, the trading in the above Company's securities
will be suspended with effect from 9.00 a.m., Wednesday, 8 July 2020 until
further notice. However, as the Company's securities have been suspended from
trading since 7 November 2019 in view of the Winding Up Order against the
Company, the suspension of trading will continue until further notice. Further,
please note that pursuant to Paragraph 9.28 (6) of the Main LR, if a listed
issuer fails to issue the outstanding financial statements within 6 months from
the expiry of the relevant timeframes, in addition to any enforcement action
that Bursa Securities may take, delisting procedures shall be commenced against
such listed issuer.

DreamSorcerer

1,146 posts

Posted by DreamSorcerer > 2020-07-07 08:27 | Report Abuse

yah gah

DreamSorcerer

1,146 posts

Posted by DreamSorcerer > 2020-07-07 08:29 |

Post removed.Why?

jasontan1177

1,768 posts

Posted by jasontan1177 > 2020-07-08 13:53 | Report Abuse

NMGH. Bila mao bangun ni ? Olang penny stock sudah goreng sampai bumpung pecah ni. Lagi tak mao bangun ga......????

DreamPredator

1,507 posts

Posted by DreamPredator > 2020-07-08 19:51 | Report Abuse

yah gah

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