SCGM BHD

KLSE (MYR): SCGM (7247)

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Last Price

0.60

Today's Change

-0.02 (3.23%)

Day's Change

0.60 - 0.60

Trading Volume

62,000


13 people like this.

2,966 comment(s). Last comment by Just88 1 day ago

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-06-30 17:02 |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-06-30 17:06 | Report Abuse

MSM (2021 ) : 2 round Goreng .. RM 0.56 to RM 1.89 … RM 1.18 to RM 1.74 ..

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-06-30 17:07 |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-07-01 08:36 | Report Abuse

On behalf of the Board of Directors of SCGM, Inter-Pacific Securities Sdn Bhd wishes to announce that Bursa Securities has, vide its letter dated 16 April 2024, resolved to grant the Company a further extension of time of 6 months up to 1 September 2024 to submit its regularisation plan to the regulatory authorities.



The aforesaid approval is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of SCGM and to de-list the Company in the event:-



(i) the Company fails to submit its regularisation plan to the regulatory authorities on or before 1 September 2024;



(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or



(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.



Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities may suspend the trading of the listed securities of SCGM on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.





This announcement is dated 17 April 2024.

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-07-01 08:39 |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-07-01 12:42 |

Post removed.Why?

Safeld65

174 posts

Posted by Safeld65 > 2024-07-01 16:22 | Report Abuse

Let's swim this shark 😁

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-07-01 21:24 |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-07-02 08:36 |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-07-02 08:46 |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-07-03 06:22 |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-07-03 06:26 |

Post removed.Why?

Safeld65

174 posts

Posted by Safeld65 > 2024-07-03 12:18 | Report Abuse

LOL, you scared him out, Mikecyc 😅

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-07-03 15:16 |

Post removed.Why?

Hungerr

165 posts

Posted by Hungerr > 2024-07-03 18:10 | Report Abuse

This i3investor turned into a hunting ground of toxic people.if u guys plan to invest this way,i hope you all lose till you run out of money

Safeld65

174 posts

Posted by Safeld65 > 2024-07-04 11:37 | Report Abuse

It is best to just refer to some good information and invest at your own risk

Mikecyc

47,016 posts

Posted by Mikecyc > 2024-07-05 16:22 |

Post removed.Why?

Safeld65

174 posts

Posted by Safeld65 > 2024-07-09 14:50 | Report Abuse

It's an uptrend for its 1-year TA chart

Just88

512 posts

Posted by Just88 > 2024-07-26 09:58 | Report Abuse

Proposal expected by next month. Insiders collecting.

Hungerr

165 posts

Posted by Hungerr > 2024-07-27 00:22 | Report Abuse

Yep next month is the last month

Safeld65

174 posts

Posted by Safeld65 > 2024-07-30 18:46 | Report Abuse

Proposal to inject agricultural business ?

Hungerr

165 posts

Posted by Hungerr > 2024-07-30 19:41 | Report Abuse

SCGM BHD ("SCGM" OR THE "COMPANY")

HEADS OF AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN ERAMAS GLOBAL GROUP SDN BHD
On behalf of the Board of Directors of SCGM, Inter-Pacific Securities Sdn Bhd wishes to announce that the Company had on 20 March 2024, entered into a heads of agreement with Chin Kok Tian, Yan Hua Lan, Tan Ah Tek, Gan Chuan Lee, Tey Chee Shin, Tan Tai Chong and Lau Sie Khian (collectively referred to as the “Vendors”) for the acquisition of all ordinary shares in Eramas Global Group Sdn Bhd for a purchase consideration to be determined later (“Proposed Acquisition”)

Hungerr

165 posts

Posted by Hungerr > 2024-08-08 19:56 | Report Abuse

Dont know what took them so long

Just88

512 posts

Posted by Just88 > 2024-08-09 17:24 | Report Abuse

It is going to happen this month

Just88

512 posts

Posted by Just88 > 2024-08-14 10:42 | Report Abuse

Before end of August from reliable sources

mf

29,671 posts

Posted by mf > 2024-08-14 10:43 | Report Abuse


Nikkei 225
36,137.50 36,692.50 36,047.50 -95.01 -0.26%

Just88

512 posts

Posted by Just88 > 2024-08-14 10:45 | Report Abuse

Not this week

Just88

512 posts

Posted by Just88 > 2024-08-30 09:47 | Report Abuse

Looks like not going to happen this month ........... What is going on ????

Just88

512 posts

Posted by Just88 > 2024-09-20 10:56 | Report Abuse

Looks like it is happening again ! Before end of September.

Just88

512 posts

Posted by Just88 > 2024-10-02 09:27 | Report Abuse

Forever delaying ..............

cola

61 posts

Posted by cola > 2024-10-02 09:50 | Report Abuse

How many times are they allowed to delay?

Just88

512 posts

Posted by Just88 > 2024-10-02 11:11 | Report Abuse

I don't think there is a limit on how long they can delay, but taking more than 3 years abnormal. They have one more year. This time they only get 4 months extension. Maybe a signal that the deal is soon.

Just88

512 posts

Posted by Just88 > 1 month ago | Report Abuse

Lets see whether they will ink the agreement by this month

Hungerr

165 posts

Posted by Hungerr > 3 weeks ago | Report Abuse

Waited too long ady this company owner really dragggg everyone on the floor

cola

61 posts

Posted by cola > 3 weeks ago | Report Abuse

what do you think of the proposed regularization plan? Is it good for minority shareholders?

cola

61 posts

Posted by cola > 3 weeks ago | Report Abuse

A bit disappointed after waiting for 2 years.... expect the new investors to pay more premium to gain control of the 117Mil cash........

Hungerr

165 posts

Posted by Hungerr > 3 weeks ago | Report Abuse

Lol we are just shareholder...not owner....if new owner need pay more premium then if i am new owner i also dont want ler

Hungerr

165 posts

Posted by Hungerr > 2 weeks ago | Report Abuse

Lol this stock masuk longkang d

jerebubu

41 posts

Posted by jerebubu > 2 weeks ago | Report Abuse

disappointed.

Just88

512 posts

Posted by Just88 > 1 week ago | Report Abuse

95m consideration shares are to be offered to bumi by the new boss at 0.365 which is at no discount to the current market price of 0.365 (0.615 adjusted for special dividend of 0.25). Will bumi subscribe for the offer ?? Unlikely unless there is a discount of 20% to 30% to the market price.

Brutus

318 posts

Posted by Brutus > 6 days ago | Report Abuse

@Just88
My take is that they will subscribe because much lower initial outlay. Only 0.365 vs 0.615 (with 0.25 special dividend). Also no brokerage fees, maybe just RM10 stamp duty only.

Just88

512 posts

Posted by Just88 > 5 days ago | Report Abuse

Brutus, I also believe they will subscribe but the market price then has to be much higher than 0.365 (after special dividend) in order to attract them into subscribing.

Brutus

318 posts

Posted by Brutus > 5 days ago | Report Abuse

@Just88
Eramas comes into the picture with a profit guarantee of RM 18Mil for FYE2025.

Jack888

893 posts

Posted by Jack888 > 5 days ago | Report Abuse

Good stock ...buy more...will rebound soon.

Just88

512 posts

Posted by Just88 > 4 days ago | Report Abuse

Yes, should rebound soon

share4u888

111 posts

Posted by share4u888 > 4 days ago | Report Abuse

for a company with market share of 760mil and annual profit ~18mil, the share price should be around ~60sen.

Just88

512 posts

Posted by Just88 > 3 days ago | Report Abuse

share4u888, you mean ~60sen ex-dividend?

share4u888

111 posts

Posted by share4u888 > 3 days ago | Report Abuse

yes....after ex-dividend..... the share price should slowly climb up to ~60sen as the earning kick in. Even better if there is annual dividend announcement....

stupid

204 posts

Posted by stupid > 3 days ago | Report Abuse

Gone case stock. Forever tekan.

Just88

512 posts

Posted by Just88 > 1 day ago | Report Abuse

The incoming bosses bought 16% of scgm from the Lee family at RM0.65 in early 2023

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