Posted by Jenny > 2021-11-10 20:40 | Report Abuse

所以我说这些合约都是左手给右手

client 和 suppliers 都是自己“做”出来的。根本就是假的

Posted by Jenny > 2021-11-10 20:42 | Report Abuse

有这么好的康头说terminated 就 terminated ????????没有罚款？？？！？？？？ 你懂我懂的，呵呵

Posted by Cactusgirl > 2021-11-10 20:43 | Report Abuse

SCIB宣布终止中东6项合约
客户欠款6亿1721万令吉
10/11/2021
昨日起暂停交易的砂综合工业（SCIB 9237）宣布终止中东6项工程合约，并和顾客敲定时间表，还清双方之间的欠款。

＂终止＂的6项工程合约累积客户欠款高达1亿4871万美元，或相等马币6亿1721万令吉；而分包商欠款则有1亿3515万美元（约5亿6092万令吉）。

砂综合工业表示，终止合约原因有3个。第1丶新冠肺炎疫情导致人力不足；第2，疫情和随之而来的行动与营运限制为项目管理造成极大挑战；第3，客户付款缓慢，形成巨额的长期未偿还债务。

根据和解协议，砂综合工业同意接受客户欠款作为和解金额，并不会要求进一步赔偿，并将以紧接着偿还拖欠分包商的款项。若客户未能按时还款，该公司对分包商的付款也会延迟或暂停。

该公司指出，终止合约不会对2022财政年（6月30日结账）负债比率丶每股盈利和净资产造成任何重大影响。

Posted by Jenny > 2021-11-10 20:43 | Report Abuse

所以我说karim n rosland 高啊！

这种操作真的在马来西亚上市公司真的没人敢做的！！！！！！厉害，呵呵。

Posted by Jenny > 2021-11-10 20:46 | Report Abuse

应收账款都是做出来的数字，可以不存在，现在摆明就是要write off 这两批账目，所以不需要被audit 。
高啊，呵呵呵呵。
之前几个季度的报告里面的数全部都是假的，呵呵。
厉害厉害karim n rosland

Posted by Jenny > 2021-11-10 20:48 | Report Abuse

但是我不知道nexia 会接受这样的操作吗？
如果nexia 在接下来的日子里提出辞职也是很正常的。

Posted by Cactusgirl > 2021-11-10 20:51 | Report Abuse

6 oversea project terminated, SCIB wish to stop debt accumulation. SCIB further emphasize that termination of 6 projects won't affect the stocks you holding now. No need to worry and sleep well. Maybe SCIB can sue Bursa also, coz stop license cause termination of BIG PROJECTS.

Posted by InterFund® > 2021-11-10 20:57 | Report Abuse

SCAM......................................

Posted by roslaom > 2021-11-10 21:03 | Report Abuse

Giler project middle east scam betul. Client owned company punya lah byk and company tak bayar subcon pun byk.

Nampak sangat scam.

Posted by roslaom > 2021-11-10 21:06 | Report Abuse

Nak tengok jugak net gain from owed by client minus owed to subcontractors cash tu masuk account scib or just another trade receivables.

Posted by Bmw X5 > 2021-11-10 21:11 | Report Abuse

One word. F

Posted by joyvest > 2021-11-10 21:24 | Report Abuse

Pathetic and hopeless

After suspension is lifted ,share price is likely to continue to be LD till negative value.......gone with the wind....

Posted by roslaom > 2021-11-10 21:24 | Report Abuse

Ganas puak puak ni punya fraud plan. Silap2 sebatang pile pun tak cucuk.

Posted by TryMakeGoodBuy > 2021-11-10 21:30 | Report Abuse

all suspicious contracts with cleaning company terminated.
Maybe audited account can come out.
No need for auditor to verify debtors or WIP of projects.

Not so simple.
Banks financing SCIB will reduce facilities as it does not have so much projects.
What about debtors and stock purchased and WIP?

SD also want to injunction EY from disclosing SIR.
So you can deduct how good SIR will be.

Posted by investorbat > 2021-11-10 21:38 | Report Abuse

Guess coming Q end of month,profits or losses ,cant wait ,another 2 weeks

Posted by gemfinder > 2021-11-10 21:42 |

Post removed.Why?

Posted by PSAi3alert > 2021-11-10 21:45 | Report Abuse

The moment fake revenue is recorded, offences have been committed. Subsequent cancellation of the fake projects is irrelevant.


False or misleading statements, etc.
177. A person shall not make a statement, or disseminate information, that is false or misleading in a material particular and is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilising the market price of securities if, when he makes the statement or disseminates the information—
(a) he does not care whether the statement or information is true or false; or
(b) he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular

Fraudulently inducing persons to deal in securities
178. (1) A person shall not—
(a) by making or publishing any statement, promise or forecast that he knows to be misleading, false or deceptive;
(b) by any dishonest concealment of material facts;
(c) by the reckless making or publishing, dishonestly or otherwise, of any statement, promise or forecast that is misleading, false or deceptive; or
(d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular, induce or attempt to induce another person to deal in securities.

Prohibited conduct of person in possession of inside information
188. (1) A person is an “insider” if that person—
(a) possesses information that is not generally available which on becoming generally available a reasonable person would expect it to have a material effect on the price or the value of securities; and(b) knows or ought reasonably to know that the information is not generally available.

(2) An insider shall not, whether as principal or agent, in respect of any securities to which information in subsection (1) relates—
(a) acquire or dispose of, or enter into an agreement for or with a view to the acquisition or disposal of such securities; or
(b) procure, directly or indirectly, an acquisition or disposal of, or the entering into an agreement for or with a view to the acquisition or disposal of such securities.

(3) Where trading in the securities to which the information in subsection (1)
relates is permitted on a stock market of a stock exchange, the insider shall not, directly or indirectly, communicate the information referred to in subsection (1), or cause such information to be communicated, to another person, if the insider knows, or ought reasonably to know, that the other person would or would tend to—
(a) acquire, dispose of, or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates; or
(b) procure a third person to acquire, dispose of or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates.

(4) A person who contravenes subsection (2) or (3) commits an offence and shall be punished on conviction to imprisonment for a term not exceeding ten years and to a fine of not less than one million ringgit.

Posted by Sneakpeek > 2021-11-10 21:58 | Report Abuse

Just want to say padan muka to SCIB gambler..

Posted by roslaom > 2021-11-10 22:00 | Report Abuse

One good thing from this is the audited account can come earlier than end Dec but share price will take a beating.

Posted by joyvest > 2021-11-10 22:07 | Report Abuse

Psa has summed it all in the name of law...

Posted by joyvest > 2021-11-10 22:12 | Report Abuse

All the fraudulent representations will be exposed in the Court.

Suing against all the parties by Scib and serba is akin to sealing the coffin with the last nail...ready to be buried forever...

Posted by bojed > 2021-11-10 22:33 | Report Abuse

Ya betul tu. Benda lain boleh konar lagi tapi hat ni kalau konar juga memang ikat simpul mati terus la jawabnya.

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roslaom Nak tengok jugak net gain from owed by client minus owed to subcontractors cash tu masuk account scib or just another trade receivables.
10/11/2021 9:06 PM

Posted by NatsukoMishima > 2021-11-10 22:35 | Report Abuse

Welcome back Anson Liew ! Like to see u laugh at all the brainless greedy gamblers in Karam stocks !

Posted by NatsukoMishima > 2021-11-10 22:36 | Report Abuse

Delisting soon , count down from now !!

Posted by jolynce > 2021-11-10 22:51 | Report Abuse

Fake termination of fake projects.. like that also can. Hahaha! truly Malaysia Boleh!

Posted by joyvest > 2021-11-10 22:54 | Report Abuse

These two companies are the biggest jokes of this century, a laughing stock to the world....WTH

Posted by piranha88 > 2021-11-10 23:02 | Report Abuse

All karam related companies in quicksand. The more SD sues, the deeper they sink…until they hit rock bottom

Posted by tinojuan71 > 2021-11-11 00:02 | Report Abuse

another squid game token for scib

Posted by Prudentinv > 2021-11-11 08:08 | Report Abuse

Pls don't make assumptions without proof.

Posted by hijau belalang > 2021-11-11 08:55 | Report Abuse

today will see if anything happen
same direction
will Bursa clarify this immediately?

Posted by hijau belalang > 2021-11-11 08:58 | Report Abuse

wonder when this will end
updates are coming
waiting for the announcement

Posted by Mozmaz > 2021-11-11 09:40 | Report Abuse

i am not sure whether their oversea investment is con or not, working in the industry i can say SCIB is a valid company engaging millions of order and projects with valid assets in operation. That also apply for Serba Dinamik where people in O&G has work with them and they have valid business with many ongoing contracts. I already disposed my share in SCIB due to all this drama since that is the most common sense to do.
Business Operation wise should be no issue, governance very very bad.

Posted by leno > 2021-11-11 09:45 | Report Abuse

it is a CON job.
Everyone in the business know already.

Posted by Bgt 9963 > 2021-11-11 09:46 | Report Abuse

Goner sue everybody !

Posted by muhfiq > 2021-11-11 10:07 | Report Abuse

All eyes are on this

Which parties involved?

Something going to get sued

Posted by muhfiq > 2021-11-11 10:08 | Report Abuse

Interesting moment

Some might lose the battle later

Act within capacity Bursa?

Posted by shpg22 > 2021-11-11 10:11 | Report Abuse

Of course they have business and operation. Otherwise how to get listed with a kosong company? The issues is how they fake their exponential growth thru dubious dealing with imaginary companies.

Posted by Lucifer999 > 2021-11-11 10:12 | Report Abuse

not looking good

Posted by muhfiq > 2021-11-11 10:14 | Report Abuse

What else will be known?

Can't wait

More heated moments ahead

Posted by bobochacha > 2021-11-11 10:45 | Report Abuse

can suka suka terminate contract one meh??

Posted by josephn > 2021-11-11 10:47 | Report Abuse

You see the kpower gap down because of scib bad news, the more SD agitated Bursa, the more Bursa will gap down Karim stock, don't forget Bursa decided what price to be traded, not market decided. All price system manipulated by Bursa operators only.

Posted by amirf1221 > 2021-11-11 10:52 | Report Abuse

The justice is near
Maybe will have complicated process
Will see the outcome

Posted by amirf1221 > 2021-11-11 10:53 | Report Abuse

Time to move forward
Court matters are really interesting
Who will win?

Posted by getingreal > 2021-11-11 11:08 | Report Abuse

SD cant even pay for a 25 million Ringgit office building they bought. As such they have just lost their deposit.

How about the 1.5 billion in Bonds coming due shortly? You think SD can pay even the interest? Such a default will not go unnoticed. Malaysia will make news on CNN, BBC, and other channels, and this news has tasty tones of corruption, fraudulent accounting, Politically connected, con men with Royal titles, two of the big three Auditors being sued and not to mention Bursa also being sued! It will make international headlines for days. All very very messy and sad. it may make Malaysia No.1 in the news for all the wrong reasons on top of the 1MBD disaster. Sadly a big Bond default by a Malaysian company and the stink of corruption surrounding it will negatively impact all Malaysian honest companies trying to refinance or issue bonds.

Bond money available to Malaysian Companies may dry up, and certainly interest rates will rise on perceived risk. It may cause other innocent companies to be unable to refinance and cause further bond defaults. MOF better keep an eye on this, this is how markets collapse. Just look across the water to China to see the impact of the smell of a default.

Bye bye SD, and bye bye 100% of SH money.

SCIB shareholders you think SCIB can fund ongoing commitments, your shares now worthless never mind 10c.

Hello lengthy jail time for some Directors and for sure legal claims against them for failing to govern, failing to inform, knowingly allowing misleading statements and remaining silent in the face of clear evidence thus breaching fiduciary responsibilities causing causing massive losses for some.

Posted by Geek2020 > 2021-11-11 13:58 | Report Abuse

A statement from SC on this whole fiasco would provide some clarity

Posted by yappenghung > 2021-11-11 15:16 | Report Abuse

Want clarity.
Go read The Edge for the past few days.
SD a billion ringgit company with billions in sale.
But cannot pay rm24 mil for building.
Either the loan for building is suspended or cannit generate small amount of rm24 mil to pay off.

Now even default on coupon for loan.
Cross default will take place in all loans and if 15 days not remedied the will loan will be recalled.
Sorry to tell shares not worth 1sen.

Did u not notice mr Karim also sold down scib before suspension.
Now also cancel contracts from dubai companies which are involved in cleaning services

Posted by treatshijau > 2021-11-11 15:21 | Report Abuse

clarification is needed
if not, more bad effects
should consider that one too

Posted by treatshijau > 2021-11-11 15:25 | Report Abuse

notice the difference
massive changes
some might have gone overboard

Posted by leno > 2021-11-11 15:26 | Report Abuse

no need clarity
scib already suspended
almost all comrades already sell off before the suspension
those who left holding already say many times
they don't mind waiting until next year
and willing to lose all in scib.

Posted by getingreal > 2021-11-11 16:32 | Report Abuse

Serba Dinamik misses coupon payment for US$300m sukuk | The Edge Markets


Serba Dinamik stumbles in attempt to block Bursa and EY from releasing findings of special audit | The Edge Markets