Fintec already won the battle to control this company through the well timely executed November -raid, not enough time for other interested parties to cover their position..huhu. What next?.. with hutang kiri-kanan, no business in sight, tax differed also very big, developing land takes times forever..
Quick solution, jual la that $800 million land at any discount $700m, get quick profit, pay fat dividend....sell directors shares, quit the BOD .. than bungkus Sumatec-Style..
Yes u if I were them that’s what I will do. Even sell land at RM500 million for fire sale also can as market capitalization now only RM150 million and NTA RM1.12 vs current share price of RM0.31.
COMPANIES’ AGMs and EGMs, from the media perspective, usually are uneventful events. You never expect a rowdy and violent scuffle such as prevalent at Taiwan’s Legislative Yuan.
Local EGMs and AGMs are often attended by a small number of shareholders, usually retirees largely lurking for door gifts or a free meal or meeting old friends as a means to spend their free time. A handful of people will question the board members and vote for the resolutions put forward.
The big companies can draw in representatives from institutional investors who may have some questions for the board, but more often than not such enquiries are now attended to via conference calls and analysts briefings.
MATERIAL LITIGATION KUALA LUMPUR HIGH COURT SUIT NO. : WA-22NCVC-792-11/2018 MAHAWIRA NIAGA SDN BHD PLAINTIFF SEACERA CERAMICS SDN BHD DEFENDANT
SEACERA GROUP BERHAD
Type Announcement Subject MATERIAL LITIGATION Description KUALA LUMPUR HIGH COURT SUIT NO. : WA-22NCVC-792-11/2018
MAHAWIRA NIAGA SDN BHD PLAINTIFF SEACERA CERAMICS SDN BHD DEFENDANT Further to the Company’s announcements dated 10 December 2018, 13 December 2018, 03 May 2019, 18 June 2019, 19 August 2019 and 25 October 2019.
Order 29 Application was fixed for decision today, 3 December 2019, and the learned Judge has delivered his decision as follows: -
1. The Court agreed with Defendant’s argument that the Order 29 Application was in actual fact an application for mandatory injunction and had found that the Plaintiff failed to satisfy the necessary elements to warrant the same;
2. As such, the Order 29 Application was dismissed with costs of RM2,000-00 to be paid by the Plaintiff to the Defendant;
3. The Court has fixed the above matter for further case management on 3 February 2020 at 9.00 a.m. for compliance with previous pre-trial directions.
This announcement is dated 3 December 2019.
Announcement Info Company Name SEACERA GROUP BERHAD Stock Name SEACERA Date Announced 03 Dec 2019 Category General Announcement for PLC Reference Number GA1-03122019-00057
Posted by Ron90 > Nov 25, 2019 8:39 PM | Report Abuse as you can see, Fintech stop buying on 6 Nov at maximum price 0.335, after that price sky rocket towards 50 cents, that must be from different parties not associated with Fintech. .. or, maybe the other parties also work along side Fintech, ..but if they have sold all at 50 cents, banyak untung wooo!!
Why existing director still very stupid fighting inside member . Use rm 100m go to buy fintec share very cheap only ( 0.055) become big share holder after call EGM to disturb vote them resign or can control back seacera lol is fintec share holder. see u how to play the game
good, venturing into new business global protective clothing market size is projected to reach a huge US$11.9 billion (RM50.77 billion) by 2024 from US$8.8 billion in 2019, at a compound annual growth rate of 6.3%.
KUALA LUMPUR: Seacera Group Bhd, via subsidiary Seacera Polymer Sdn Bhd, has bagged the exclusive right from XiDeLang Holdings Ltd to resell and distribute protective clothing products in Malaysia.
Under the distribution agreement, XiDeLang said Seacera would have an irrevocable, non-transferable, exclusive right and licence to distribute its protective clothing products.
However, no franchise is granted and Seacera has the full right to decide on the methods of marketing, pricing, naming, packaging, labelling and advertising, and the terms and conditions of any sale.
XiDeLang managing director and chief executive officer Ding PengPeng said its protective clothing products were classified as personal protective equipment (PPE) in the protective equipment industry.
He said the global protective clothing market size was projected to reach US$11.9 billion by 2024 from US$8.8 billion in 2019, at a compound annual growth rate of 6.3 per cent.
"The World Health Organisation (WHO) has warned that severe and mounting disruption to the global supply of PPE caused by rising demand, panic buying, hoarding and misuse – is putting lives at risk from the new coronavirus and other infectious diseases," he said in a joint-statement to Bursa Malaysia today.
He said XiDeLang was responding to WHO's calls on industries and governments to increase manufacturing by 40 per cent to meet rising global demand.
"Today, we have finally formalised our dealing with this agreement and granted Seacera the exclusive right to sell and distribute our protective clothing products for resale purposes in the fight against Covid-19 pandemic," he added.
Ding said XiDeLang would work hard to reduce the world shortage of these PPEs with its new production lines.
Seacera Group chief executive officer Zulkarnin Ariffin said prices of all PPE had surged since the start of the Covid-19 outbreak.
He added that supplies for some PPE products can take months to deliver and market manipulation is widespread, with stocks frequently sold to the highest bidder.
"We're grateful that XiDeLang supplies us with these high-in-demand protective clothing products at a reasonable price during these critical months since the outbreak of Covid19 pandemic," he said.
Zulkarnin said Seacera could help to fulfil the shortage of the products among the front-liners of Malaysian hospitals and laboratories.
"Healthcare workers rely on personal protective equipment to protect themselves and their patients from being infected and infecting others.
"Any shortage of these PPE would leave doctors, nurses and other frontline workers dangerously ill-equipped to care for Covid-19 patients, due to limited access to such supplies. Without secured supply chains, the risk to healthcare workers around the world is real.
"We cannot stop Covid-19 without protecting healthcare first. Our next plan is to capitalise on the Trade War between US and China.
"If the market conditions continue to be favourable, we may start our own production lines in Malaysia to export these PPE to United States and other countries which are badly hit by Covid-19," added Zulkarnin.
What actually the company is doing? How do they survive? Too many liability and too many court case. How do they pay the salary all this while? Esos?? Hmmm they can do nothing to the land since.... (forever).. from their history? then better let go all the "bad-lock" management
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....
DickyMe
14,892 posts
Posted by DickyMe > 2019-11-29 16:12 | Report Abuse
Valuable? It's power struggle. Do you want your money tied up in internally conflicting company?