The Liquidator wishes to inform the shareholders that the Company has filed a winding up petition against its wholly owned subsidiary SCSB vide the Kuala Lumpur High Court Companies (Winding-up) Petition No. WA-28NCC-367-05/2021 ("Winding Up Petition"). The Winding Up Petition was heard on 17 November 2021 and the Court has granted a Winding Up Order against SCSB with costs of RM5,000.00 to be paid to the Company.
In addition, Mr Onn Kien Hoe of Crowe Advisory Sdn Bhd at Level 13A Tower C, Megan Avenue 2, 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur is appointed as the liquidator of SCSB.
everyone is queeing up at court filing winding up sebak the banks, the bond, the supplier, the customer, toilet cleaner, staff, creditor the last one to file will get taik kucing hahahahah
Liquidator will find Fraud accounting all the FAKE receivables Fake assets Fake customers Fake inventories more taik will be exposed for everyone to see lor.
* Justice must be sought and done. * No stone can be left unturned * The culprits/perpetrators must be brought to trial in the spirit of accountability as stewards of the PLC * The practice of Corporate Governance must be upheld in PLC * The MMLR must be upheld to be complied with by PLC * The culprits/perpetrators upon conviction must be punished in accordance to the laws * The reputation of SC as regulator must not be tarnished.
What happen when liquidator find out the Fraud accounting ? Karim can sue or not ?
We are not talking about business going under, make loss and cannot pay. We are talking about business making billions of profit but cannot pay because turn out to be fraud.
The liquidators will do their own due diligence to see how much assets can be recovered/ realised to meet the liabilities.
Fake payables are cancelled out by fake receivables. what is left is the genuine liabilities such as secured debentures ,loan and bonds. These secured creditors stand to recover portion of their debts if not all from the sale proceeds of the physical assets except the dummy inventory,
However ,equity shareholders are expected to be the ultimate losers who could end up with nothing in the end .... sad ending....
Itu Mabel 60+ longkang ah kua 444 wrote articles till over 12pm and woke up at before 6am .How to sleep like a baby... Lost a lot of $ and insomnia every day... haha
I believe those Fake Gurus make enough money to buy armour plated cars (around RM2 to 3 million each) (360 degrees protection, sounds familiar? wink wink, except for bottom vulnerable to IEDs)
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....
leno
6,123 posts
Posted by leno > 2021-12-17 15:38 | Report Abuse
we are talking about year 2020 AR still not yet out
when 2 more week we will enter 2022
gila !