Seems really alot wan gamble or true genius as 400 million++ = 10% of this stock, even today 200 million++ = 5% of this stock, almost same like previous KWAP holding..........
Substantial shareholder to notify company of change in his interests 138. (1) A substantial shareholder shall give notice to the company in writing if there is a change of his interest in voting shares in the company— (a) in the case of a company whose shares are quoted on a stock exchange, within three days after the date of the change; or (b) in any other case, within five days after the date of the change
Procedures for Dealings during Closed Period [Paragraph 14.08 of the MMLR] The procedures for dealings during closed period are as follows:- (a) subject to the observance of the clearance procedures as set out in Section 5.1 of this Guidance, the director concerned must give notice of intention to deal in writing by submitting Appendix DS-1 to the Company Secretary 2 full market days prior to the dealing. Upon receipt of Appendix DS-1, the Company Secretary shall make an immediate announcement via Bursa LINK, which include the following:- (i) the director’s intention to deal in securities of Bursa Malaysia during closed period; and (ii) the director’s current holdings of securities in Bursa Malaysia whose securities are the subject of the proposed dealing;
(b) the dealing can only be effected after 1 full market day from the date of the announcement;
(c) the director concerned must also give notice of the dealing in writing by submitting Appendix DS-2 to the Company Secretary immediately after the dealing has occurred, i.e. not later than 5.30 p.m. on the day the dealing is executed. Upon receipt of Appendix DS-2, the Company Secretary shall make an immediate announcement via Bursa LINK within 1 full market day following the dealing, stating:- (i) the date on which the dealing occurred; (ii) the consideration for the dealing; and (iii) the number of securities involved in the dealing, both in absolute terms and as a percentage of all issued securities of that class in Bursa Malaysia;
Tks Sslee...so meaning reporting of transactions by substantial shareholder to Bursa will be within 3 to 5 days...so by next week we will know whether insiders like Karim is abandoning ship?
Directors are given 2 weeks to report any buy or sell. Only share buy back need to report immediately. Not sure Karim abundance the ship due to bank force selling or Karim and other directors is collecting?
It is said that many bxmi investors have complained to have lost substantially due to "wrong advice to buy call" by so called investment experts ( who are believed to have been "paid " to abet ).
On the above basis, it is believed that the SC would be under " instructions" to assist the aggreived bxmi investors to recoup their losses by approving the regularisation plan by hook or by crook after which the share price is expected to appreciate.....
If the above conspiracy holds true, it is good to buy some now.....
Serba's Dec 2019 financial results stated that RM111.113M was used in the Tanazania project and the funds came from proceeds from a private placement on 30 January 2018.
If the RM111.113M was not used for the Tanzania project but actually landed in someone's personal account; that will constitute a criminal breach of trust.
I'm not talking about 369(a)(B) and 367(1) of the Capital Markets and Services Act 2007.
Fresh charges will come under Section 405 and 406 of the Penal Code.
CBT Penal Codes
405. Whoever, being in any manner entrusted with property, or with any dominion over property either solely or jointly with any other person dishonestly misappropriates, or converts to his own use, that property, or dishonestly uses or disposes of that property in violation of any direction of law prescribing the mode in which such trust is to be discharged, or of any legal contract, express or implied, which he has made touching the discharge of such trust, or wilfully suffers any other person so to do, commits “criminal breach of trust”.
406. Whoever commits criminal breach of trust shall be punished with imprisonment for a term *not exceeding ten years and with whipping, and shall also be liable to fine.
_____________________________________
--- Funds Used in the Tanzania Project ---
[ Serba's 31 Dec 2019 Financial Results showed that RM111.113M was used in the Tanzania project Utilisation of Proceeds from Private Placement on 30 January 2018 Details of utilisation of proceeds: Working capital for the EPCC work in Tanzania Actual Utilisation: RM 111.113M]
“The board of directors of the company wishes to state at this juncture that the company and its group of companies have sufficient operation cash flow capability to continue to perform existing contractual obligations in respect of non-borrowing related contracts,” added Serba Dinamik.
“Moreover, the affidavits said that there are at least 91 litigation arbitration and/or adjudication matters against the entities in the Serba Dinamik group, and that the total amount demanded against the entire group is approximately RM108.62 million — excluding the RM1.78 billion acceleration notice amount and the RM99 million instalment sums.”
It is said that many bxmi investors have complained to have lost substantially due to "wrong advice to buy call" by so called investment experts ( who are believed to have been "paid " to abet ).
On the above basis, it is believed that the SC would be under " instructions" to assist the aggreived bxmi investors to recoup their losses by approving the regularisation plan by hook or by crook after which the share price is expected to appreciate.....
If the above conspiracy holds true, it is good to buy some now but at your own risk.....
When come to Banking and Auditing business it is about numbers. You purposely falsified the numbers with bad itentions then bank will say it is ok ka? Carry on,as long you pay,like that can? Where did turtle head learned this monkey tricks? How many more monkeys are using the same tricks and do under table technic and get entertained?
What are the duties of Internal Audtors? Who are the Audit Commitee? They report to Whom? What is functions of CFO? Are they buyer's?
Who are those External Auditors@KPMG & E&Y Are they made in China which falsified account findings?
No wonder almost all PLCs from China get listed,make money and runnnnnn.Those made in China falsified account and get listed. No one is doing anything.How many investors got con?
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Posted by Wirajati > 2022-05-11 19:17 | Report Abuse
When she is ready to dance...oh yeah, and one tuah guy, bising² what for, we holders know ready. Kah kah