Posted by straightarrow > 2021-11-02 16:16 | Report Abuse

Solomolo is a ladies man...don't forget hanna and now angelo... sorry if it's offensive....

Posted by prince11 > 2021-11-02 16:18 | Report Abuse

let see how many scib karim will dispose today

Posted by Layman2020 > 2021-11-02 16:21 | Report Abuse

Buying rate 50%.. hmmm.

Posted by solomolo > 2021-11-02 16:24 | Report Abuse

straightarrow okey no problem...okey guys..time to go home loh...haha

Posted by wongchin > 2021-11-02 16:28 | Report Abuse

I totally agree with Josephn comment.

Posted by angelo > 2021-11-02 16:30 | Report Abuse

solomolo Bought at 0.20 for another 100 lots. Thanks

Posted by TryMakeGoodBuy > 2021-11-02 16:33 | Report Abuse

karim sold SD also when just about to suspend

Posted by newtrader1989 > 2021-11-02 16:39 | Report Abuse

Very premium valuation for the about to be suspended counter

Posted by Layman2020 > 2021-11-02 16:43 | Report Abuse

when a company hits by negative issues, especially suspension, of cause they need to cash out some fund because business and operations still on going. Liquidating some cash in case of emergency.

Posted by Layman2020 > 2021-11-02 16:45 | Report Abuse

Didn't all the masters here asked people to sell, to cut lose, to save it for better counters. Same theory applied.

Posted by IvanC > 2021-11-02 16:47 | Report Abuse

Karim > Karam > Kaboom!!!!

Posted by Layman2020 > 2021-11-02 16:48 | Report Abuse

SCIB 51% buying rate, Kpower 56% buying rate.

Posted by Layman2020 > 2021-11-02 16:58 | Report Abuse

53 % and 58% ,market react is more optimistic. haha

Posted by Bgt 9963 > 2021-11-02 17:03 | Report Abuse

Goner break 0.20 !

Posted by InterFund® > 2021-11-02 17:34 | Report Abuse

Adding position..................

Posted by Alex™ > 2021-11-02 17:40 | Report Abuse

Nice swing play...Hehe...

Posted by bobvic96 > 2021-11-02 18:14 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3206319

We refer to the announcement dated 26 April 2021 and the circular to shareholders dated 8 June 2021 ("Circular") in relation to the Capital Reduction. Unless otherwise defined, the terms used herein shall have the same meaning as defined in the Circular.

On behalf of the Board, UOBKH wishes to announce that the High Court of Malaya had on 2 November 2021 granted an order confirming the Capital Reduction. The sealed order will be extracted and an office copy of the order will be lodged with the Registrar of Companies for the Capital Reduction to take effect pursuant to Section 116(6) of the Act.

The effective date of the Capital Reduction will be announced in due course.

Posted by Kakashi84 > 2021-11-02 18:24 | Report Abuse

So consider good or bad news?

Posted by bobvic96 > 2021-11-02 18:29 | Report Abuse

Kakashi84 So consider good or bad news?

That, I do not have a clue. I was hoping that someone would enlighten me.

Posted by oskchoon > 2021-11-02 18:44 | Report Abuse

Last day for SCIB to release annual report is 9th November 2021 otherwise it will be suspended indefinitely just like Serbadk suspension.. Beware..

Posted by Kakashi84 > 2021-11-02 18:49 | Report Abuse

Joker SCIB

Posted by investorbat > 2021-11-02 19:02 | Report Abuse

https://www.azmilaw.com/insights/selective-capital-reduction-under-the-malaysian-companies-act-2016/?utm_source=Mondaq&utm_medium=syndication&utm_campaign=LinkedIn-integration

Posted by josephn > 2021-11-02 19:42 | Report Abuse

Capital reduction, only extremely penny stocks do this like netx, impiana, phb equivalent. After consolidated price fall even lower except ptrans. Karim expect this stock Tp 0.035, so capital reduction to 0.20 sen to look nicer outwardly only. Later fall back to 0.035 again

Posted by oskchoon > 2021-11-02 19:58 | Report Abuse

Capital reduction is different from shares consolidation exercise, NOSH remains the same only problem if SCIB cannot release annual report by 9th of November 2021 it is definitely be suspended, subsequently no one can sell or buy for...

Posted by solomolo > 2021-11-02 19:59 | Report Abuse

..........

What is meant by reduction of capital?
A reduction of capital occurs where a company reduces the amount of its share capital. ... A company can reduce its share capital by reducing the number of shares in issue, the nominal value of shares in issue or the amount paid up on the shares in issue.

What are the reason for reducing capital?
The most common reasons why a company may want to reduce its capital are: To increase or to create distributable reserves to enable future dividends to be paid to shareholders. To return surplus capital to shareholders. To facilitate a share buyback or redemption of shares,

How does a reduction of capital work?
Capital reduction is the process of decreasing a company's shareholder equity through share cancellations and share repurchases, also known as share buybacks. The reduction of capital is done by companies for numerous reasons, including increasing shareholder value and producing a more efficient capital structure.

..................

Posted by solomolo > 2021-11-02 20:01 | Report Abuse

Translate....

Apakah yang dimaksudkan dengan pengurangan modal?
Pengurangan modal berlaku apabila syarikat mengurangkan jumlah modal sahamnya. ... Sebuah syarikat boleh mengurangkan modal sahamnya dengan mengurangkan bilangan saham dalam terbitan, nilai nominal saham dalam terbitan atau amaun dibayar atas saham dalam terbitan.

Apakah sebab untuk mengurangkan modal?
Sebab yang paling biasa mengapa syarikat mungkin ingin mengurangkan modalnya ialah: Untuk menambah atau mencipta rizab boleh diagihkan untuk membolehkan dividen masa depan dibayar kepada pemegang saham. Untuk mengembalikan lebihan modal kepada pemegang saham. Untuk memudahkan pembelian balik saham atau penebusan saham,

Bagaimanakah pengurangan modal berfungsi?
Pengurangan modal ialah proses mengurangkan ekuiti pemegang saham syarikat melalui pembatalan saham dan pembelian balik saham, juga dikenali sebagai pembelian balik saham. Pengurangan modal dilakukan oleh syarikat atas pelbagai sebab, termasuk meningkatkan nilai pemegang saham dan menghasilkan struktur modal yang lebih cekap.

......................

Posted by oskchoon > 2021-11-02 20:03 | Report Abuse

Last week Karim had disposed off 8 % of Kpower share holdings and have remaining 21 % holding of Kpower because he is aware that SCIB cannot release annual report by 9th November and subsequently suspended, then he won't be able to sell SCIB shares.. trade cautiously..

Posted by oskchoon > 2021-11-02 20:06 | Report Abuse

Karim still owns 28 % of SCIB and it is too late for him to dispose off SCIB shares when the share prices have tumbled from RM 0.40 to now RM 0.20...

Posted by solomolo > 2021-11-02 20:06 | Report Abuse

omega...hahaha...okey

Posted by oskchoon > 2021-11-02 20:07 | Report Abuse

He is waiting fir kpower share prices rebound up above RM 0.60, then perhaps he will disposed more kpower shares in open market or closed period.. Beware..

Posted by shybutter > 2021-11-02 20:13 | Report Abuse

Just ignore them

Posted by omega > Nov 2, 2021 8:03 PM | Report Abuse

@solomolo tiada guna you bersusah payah melayan orang yang bodoh dan tolol, mereka tidak tahu apa2 tapi berlagak sombong dan pandai

Posted by InterFund® > 2021-11-02 20:13 |

Post removed.Why?

Posted by Gerrardo > 2021-11-02 20:14 | Report Abuse

Maybe he really not intend to dispose

Posted by oskchoon > Nov 2, 2021 8:06 PM | Report Abuse

Karim still owns 28 % of SCIB and it is too late for him to dispose off SCIB shares when the share prices have tumbled from RM 0.40 to now RM 0.20...

Posted by risingstar21 > 2021-11-02 20:20 | Report Abuse

Scam for what actually?

Posted by InterFund® > Nov 2, 2021 8:13 PM | Report Abuse

Karim scammer..............

Posted by angelo > 2021-11-02 21:04 | Report Abuse

omega Setuju 100%. Dia tu tak tahu perbezaan di antara capital reduction dengan share consolidation tapi berlagak pandai. Siap bagi contoh lagi kaunter-kaunter yang telah buat share consolidation. Tu namanya Bodoh Sombong.

omega @solomolo tiada guna you bersusah payah melayan orang yang bodoh dan tolol, mereka tidak tahu apa2 tapi berlagak sombong dan pandai...
02/11/2021 8:03 PM

Posted by IdleMoney66 > 2021-11-02 21:06 | Report Abuse

Some people cant even differentiate what is capital reduction and share consolidation.

Posted by dimmubroker > 2021-11-02 21:46 | Report Abuse

Scib will revive also?

Posted by BILLC > 2021-11-02 21:51 |

Post removed.Why?

Posted by pypw > 2021-11-02 22:07 | Report Abuse

What Is Capital Reduction?
Capital reduction is the process of decreasing a company's shareholder equity through share cancellations and share repurchases, also known as share buybacks. The reduction of capital is done by companies for numerous reasons, including increasing shareholder value and producing a more efficient capital structure.

Understanding Capital Reduction
After a capital reduction, the number of shares in the company will decrease by the reduction amount. While the company's market capitalization will not change as a result of such a move, the float, or number of shares outstanding and available to trade, will be reduced.

Posted by InterFund® > 2021-11-02 22:16 | Report Abuse

Dead cat bounce tomorrow..............

Posted by bobvic96 > 2021-11-02 22:17 | Report Abuse

pypw What Is Capital Reduction?
Capital reduction is the process of decreasing a company's shareholder equity through share cancellations and share repurchases, also known as share buybacks. The reduction of capital is done by companies for numerous reasons, including increasing shareholder value and producing a more efficient capital structure.

Understanding Capital Reduction
After a capital reduction, the number of shares in the company will decrease by the reduction amount. While the company's market capitalization will not change as a result of such a move, the float, or number of shares outstanding and available to trade, will be reduced.

Thanks for that.

Were the shares previously bought and held by the company? Otherwise I wonder where SCIB are going to get the money to buy shares to cancel?

Maybe Karim allows SCIB to cancel his shares for the greater good of the ikanbilis ;)

Posted by hanna20 > 2021-11-02 22:48 | Report Abuse

Karim still the big man

Posted by oskchoon > Nov 2, 2021 8:06 PM | Report Abuse

Karim still owns 28 % of SCIB and it is too late for him to dispose off SCIB shares when the share prices have tumbled from RM 0.40 to now RM 0.20...

Posted by hanna20 > 2021-11-02 22:48 | Report Abuse

No one can understand this

Posted by oskchoon > Nov 2, 2021 8:06 PM | Report Abuse

Karim still owns 28 % of SCIB and it is too late for him to dispose off SCIB shares when the share prices have tumbled from RM 0.40 to now RM 0.20...

Posted by dianatrader > 2021-11-02 22:54 | Report Abuse

Kpower can rebound. But have to stop disposing now

Posted by oskchoon > Nov 2, 2021 8:07 PM | Report Abuse

He is waiting fir kpower share prices rebound up above RM 0.60, then perhaps he will disposed more kpower shares in open market or closed period.. Beware..

Posted by investorbat > 2021-11-02 22:59 | Report Abuse

As at end of April 2020,paid up capital of Scib is around $85mil compromise of around 85 mil shares,$1/share.Capital reduction of $40 mil is to pay/offset the loses of the company before.This capital reduction is to reduce the value of "paid up capital share",normally $1/share reduce to 0.50/share.So the outstanding shares still the same,only paid up capital reduced.Please refer to circular dated 8 June

Posted by alieyasmart > 2021-11-02 23:03 | Report Abuse

Yes. Just ignore

Stay calm

Posted by shybutter > Nov 2, 2021 8:13 PM | Report Abuse

Just ignore them

Posted by omega > Nov 2, 2021 8:03 PM | Report Abuse

@solomolo tiada guna you bersusah payah melayan orang yang bodoh dan tolol, mereka tidak tahu apa2 tapi berlagak sombong dan pandai

Posted by Beautyseeker > 2021-11-02 23:10 | Report Abuse

above 0.60?

wow

Posted by oskchoon > Nov 2, 2021 8:07 PM | Report Abuse

He is waiting fir kpower share prices rebound up above RM 0.60, then perhaps he will disposed more kpower shares in open market or closed period.. Beware..

Posted by wolfbroker > 2021-11-02 23:18 | Report Abuse

Agree on this too

Posted by angelo > Nov 2, 2021 9:04 PM | Report Abuse

omega Setuju 100%. Dia tu tak tahu perbezaan di antara capital reduction dengan share consolidation tapi berlagak pandai. Siap bagi contoh lagi kaunter-kaunter yang telah buat share consolidation. Tu namanya Bodoh Sombong.

omega @solomolo tiada guna you bersusah payah melayan orang yang bodoh dan tolol, mereka tidak tahu apa2 tapi berlagak sombong dan pandai...
02/11/2021 8:03 PM

Posted by kamirise360 > 2021-11-02 23:27 | Report Abuse

They are just fanboys

Posted by IdleMoney66 > Nov 2, 2021 9:06 PM | Report Abuse

Some people cant even differentiate what is capital reduction and share consolidation.

Posted by Huatexpert > 2021-11-02 23:41 | Report Abuse

SCIB is quite amazing, it can generate a significant revenue or profit even with no asset present in that country... Can someone can enlighten me how a company do it...

There is no asset at OMAN and Qatar, but both have generate significant revenue and profit there..

As for past 18 months.

OMAN contributed RM 242 mil revenue
Qatar contributed RM 469 mil revenue

But SCIB dont have asset at both country...
All asset located at Msia only...

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3197444