I’m experiencing the bloody 🩸🩸🩸black day when SCIB limited down with no mercy at all from 6.00 to 1.00 and continue to the lowest 0.11 😭 will this happen again??? For sure the history is reality and please take care guys …
Yesterday, Bursa Malaysia publicly reprimanded two former directors, Abdul Karim and former managing director Roslan, for failing to submit Sarawak Incorporated’s annual reports on time when they were in power.
Now these two people have nothing to do with Sarawak Integrated Industries. Therefore, Sarawak Integrated Industries’ business has returned to normal, and it even turned a profit in the latest quarter.
In my opinion it’s take time to convince new investors to invest confidently in SCIB because it just happened last one two years doomsday 🩸🩸🩸shares dropped from 6.00 to 0.11 and yesterday dumped days from 0.785 to 0.66 just in few minutes really shows the same cunning operators who operating slaughtering and trapping buyers ⬇️🩸☠️ beware n smart !
Where’s the shareholder during year 2020 bought at price 6.00/share??? How’s your feeling now being cheated and experienced limit down everyday 30% ? Just like heart attacks 💔❤️🩹😭…it’s real and scary 😟😰
Last time during 6.00/share they also made a good report but in the sudden because of greed millions of money profit💰the crooks 👹😈in the company “sakau”/stole and produced no report and false reports…who died? shareholders..who cares? nobody! so that’s the real scenario guys…😓
HIGH COURT UPHOLDS CONVICTION OF FORMER REPCO HOLDINGS BHD CHAIRMAN OVER MARKET MANIPULATION CASE Repco Low’s fine of RM5 million affirmed, sentence of five years imprisonment reduced to 1 year Kuala Lumpur, 17 February 2023 The Kuala Lumpur High Court today dismissed the appeal by Low Thiam Hock (Low), also known as “Repco Low” against his conviction for the manipulation of Repco Holdings Bhd (“Repco”) shares that occurred in 1997. The High Court however reduced the sentence of imprisonment from five years to one year and maintained the fine of RM5 million handed down by the Sessions Court in 2016. An offence under section 84(1) of the SIA carries a minimum fine of RM1 million and a maximum jail term of up to 10 years.
Following the judgment, the High Court further granted a stay of execution of the sentence pending the disposal of Low’s appeal to the Court of Appeal. In dismissing the appeal today, the High Court Judge Dato’ Azhar Abdul Hamid stated that the court agreed with the prosecution that the conviction is safe.
Following a full trial spanning close to 17 years, Low was convicted in 2016 by the Sessions Court for an offence under section 84(1) of the Securities Industries Act 1983 (“SIA”). He was charged with manipulating the price of Repco shares by engaging in acts to create a misleading appearance with respect to the price of Repco shares listed on the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia) on 3 December 1997.
After reaching an all-time high of RM140.50 per share in September 1997, the share price of Repco plummeted to RM2.98 less than a year later. The stock was suspended from trading on Bursa Malaysia in October 2000, and delisted three years later.
With an order book balance of RM257.19 million, cases with Bursa now cleared, those two former director is no longer in the company and the company turn into profitability in the latest Quarter with almost 30% increase in revenue, SCIB is now in the right direction and the sky is clear for them. Friday they already push down the price from 0.78 to 0.67 before its go up again to close at 0.77. cleared and flush all the weak holder and now the sky is clear for SCIB.
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....