OTHERS DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) (LISTING REQUIREMENTS) (DEFAULT IN PAYMENT) SEACERA GROUP BERHAD
Type Announcement Subject OTHERS Description DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) (LISTING REQUIREMENTS) (DEFAULT IN PAYMENT) Reference is made to the announcement on 26 April 2019 and 21 May 2019 made by the Company.
The Board of Directors of the Company wishes to announce that the Company as a Guarantor for the facilities taken by Seacera Ceramics Sdn Bhd, has received a Letter of Demand dated 19 June 2019 from AmBank Islamic Berhad, demanding a payment of RM18,306,705.17 (including the future profit) in respect of total amount outstanding and due payable under the Murabahah Tawarruq Term Financing-I and Cashline-I.
The Company is required to settle full settlement within seven (7) days from 19 June 2019, failing which AmBank Islamic Berhad shall proceed with necessary action as deemed fit and all costs to be incurred by the Company.
The Company is seeking legal advice on the matter.
how is this possible people dont check their shareholding then call for egm, for twice? lebih baik these directors dapat cari pentas untuk turun nanti. buat malu like clown if wrong side is at directors nanti.
based on my detective conan genes i can tell these directors are dragging the time with any possible way regardless of legality. either gorek the company sampai kosong then cabut lari, or waiting something to sumbat the lobang on the company before kena discovered.
TP15 amid solvency issues, revenue concerns, management time wasted to focus on power fighting instead of real business, potential nta write down, etc. Nonetheless, opportunity for speculative play.
Buy when everyone is panic selling! Considering the losses from the report and the solvency issues the company are facing, share price is still stable at the price of 0.2+/-. This signal to us that bulk of shares are being held by various big players, I speculate that this stock will go up in the near future. Just my two cents.
Everyday post bad news voluntarily about the company, please lah ceo, clearly it has not much effect on the company share price. Please leave the company peacefully while u still can, why create so much mess?? =.=
these sector listed company not too many but most of them in trouble sector business related 5 oil and gas,5 food industry,4 redchip,3 property contruction , 2 media.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
53,164 posts
Posted by calvintaneng > 2019-06-20 13:10 | Report Abuse
WHY STILL WANT TO WAIT FOR CLOSE SHOP OR SAW THONG?
JUST SELL ALL SEACERA NOW AND BUY ASB (WILL RECOVER ALL YOUR LOSSES)