Karim is the major shareholder of SCIB isn't it? He still has over 130m shares there according to market screener....now clawing back his "losses".... while those he screwed here are still in treatment for serious trauma...
These half humans have shorter memory than others. They want more hantam belakang from Dubai new Resident.....once at Serba and once at SCIB is still not enough..........carry on!
The Serba disaster ruined many other things besides one's money... 1) hard earned money or 2) life savings maybe 3) self confidence 4) one's credibility... how much they once claimed they know about investing. 4) wonder anyone plunged into depression 5) financial difficulty that led to broken marriages. How else have SD scandal possibly affected those who got screwed... Bursa also dealt a death blow when they suspended trading the very first time.... the counter was suspended after Karim bought shares in the morning session... the stock was suspended without prior warning in the afternoon session.... the suspension lasted for months until SD finally submitted their financial report. Some time later, 2 days prior warning was given to Scib that their shares would be suspended if they failed to submit their financial reports by given time...i believe many dumped their shares in a hurry after that... this time no one was caught by surprise (trading suspension that is).
The saddest part of this Serbadk saga is that those ppl responsible like Karim are just let off with a small slap in the wrist! So many ppl & so many funds got cheated by Karim but justice not served. Sedih! Sedih!
KUALA LUMPUR (Dec 21): Bursa Malaysia Securities Bhd has reprimanded Serba Dinamik Holdings Bhd and 10 of its directors for breaches of Bursa Malaysia Securities Main Market Listing Requirements (Main LR).
In a statement on Thursday, Bursa Malaysia said that total fines ranging from RM355,200 to RM1.38 million were imposed on 10 directors of the troubled oil and gas services company.
The stock exchange operator also required Serba Dinamik to review and ensure the adequacy and effectiveness of its financial reporting function and carry out a limited review on the company’s quarterly report submission and comply with the training requirement imposed by Bursa Securities.
Humans are different from animals because humans can think what is right and wrong avoid doing wrong. If human unable to think the right things to do they are called human animals ( Human + Animal ). Looking at it these guys should appreciate for just getting a fine. Otherwise human animals should be put into jail for experimental purposes as cause more harm to real humans or to the public !
Malaysia mau lebih mau ka? Satu artikel yang menarik :)
Author: Koh Chin Siong
What makes Singapore able to surpass Malaysia in the fields of economy and technology?
Surpass? When was Malaysia ever in the lead?
The short answer: Singapore needed multipliers to survive. Malaysia didn’t.
First, a little detour.
Anyone recognize this man?
Clue. This was taken in the 1920s.
Perhaps a more recent shot will help.
Deng Xiaoping was one of the student-workers sent to study Western culture and science in France. The hope was they will bring their learning and experience back to China and remake the nation to catch up with the West.
What was the backdrop? In the 1920s, China was still in civil war. There was a nominal central government but the nation was in chaos until re
A good government who plans ahead, and is uncorrupted by racial or money politics.
Also, because it’s only one city and lifestyles of citizens are pretty much the same from jurong to pasir ris, it can allow for a strong party to form majority that can cater for the same set of values and priorities.
In contrast, BN and Pakatan Harapan are not parties, they are coalition of parties with different ideologies that have to work together.
So there’s a lot more politics going on that need careful balancing of interests and conflicts.
East and West Malaysia, in particular, have very different priorities.
Sabah and Sarawak have historically felt they got the tail end of the bargain with federal government, with west malaysia feeding off east malaysia’s rich resources.
So this creates a very protectionist attitude and feeling that they’re on their own.
In addition, with more natural resources, the industries around these resources have strong interests that keep conflicting.
The timber, mining, oil and palm industries all have different economic blocs and foreign interests vying for a say in governance.
The income gap between the rich urbans and poor kampungs is also getting wider, so much so their priorities are getting more different every year.
In cities, it’s about how to get better jobs for educated graduates. Because media is focusing on cities, that’s where the majority of attention is.
However, the rural poor are the ones who really need some uplifting, but it’s difficult because the bumiputera policies instilled in them learned helplessness.
So they themselves don’t have the motivation to move up in life, despite so many schemes to help them.
That’s further complicated by the religious inclinations of malays who are devout muslims and the parties who cater to them e.g. PAS.
When their life is not good, they can always escape to religion which gives them spiritual comfort even if material comforts are lacking.
Looking as an outsider, I don’t really see parties like PAS sincerely want to help Malays improve their material standard of living in life.
They just want them to be more religious and spiritual, and indirectly more dependent on the party.
In fact, in all my time in Malaysia, I only met 2 bumi-puteras who really made full use of these policies, and both are exceptional talents even by international standards. They are exceptions, not the norm.
Finally, the seed of racial and money politics has escalated into a full blown disaster for the country.
Politicians are sitting on constituencies and not even pushing things like road repairs and street lights, basic fundamental infrastructure for their villages and towns to function properly.
Meanwhile they pocket whatever they receive from upstairs and distribute it as cash only during elections.
Create false enemies out of other races to distract their people from the real cause of their misery, driving fears that they might lose what little they have.
BN era tactics of buying off the poor and playing the race card is an evil that must be changed for country to progress.
The Malay sultans themselves are a political force, who are strong players behind the scenes. They are officially above politics, but somehow always seem to be in the middle of it.
Unfortunately, 60 years of money politics takes its toll. For better or worse, there is a lot of money and business interests at stake in their decisions.
It is sad to see politics hampering this country, because Malaysia really has better talents.
They are more resilient, more risk-taking, more hard-working, less entitled.
But they are made this way by their environment.
I hope to see in my lifetime a Malaysia that can truly live up to the greatness of its people.
ACGA analyst Chris Leahy said regulators' efforts are hampered by political interference and material delays in cases that are prosecuted through the Attorney General's Office, even where SC has the right of audience as deputy prosecutors.
"We have seen this in some high-profile market manipulation, insider dealing and corruption cases where actions against certain subjects are inexplicably dropped despite material evidence to support prosecution."This casts serious doubts on Malaysia's appetite to tackle political and business corruption."
Leahy said despite creditable efforts by SC and Bursa Malaysia to enforce securities violations such as insider trading and market manipulation, these issues continue to be a material problem for Malaysia's securities markets.
Many of these problems occur among small-cap companies listed on Bursa Malaysia that have smaller free floats and are easier for insiders and market syndicates to control and manipulate.
Executives from SC and Bursa Malaysia, during a discussion admitted that this issue continues to be problematic for Malaysia's markets, he said.This shows they have a difficult job to do, added Leahy.
With the prevalence of political influence within the legal systems and the ability of certain insiders to exploit their influence to ensure legal impunity, issues with insider trading and market manipulation are unlikely to improve without a sea of change within Malaysia's political system.
"This change is not something that will happen overnight, if at all," said Leahy.
Malaysia patut ikut cara China, delist sykt2 yg tak baik, dll.
The number of companies delisted from China’s stock markets are approaching a record high this year, with about half of them losing their listing status after languishing below par value.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2905 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Huangbk72
4,947 posts
Posted by Huangbk72 > 2023-10-19 23:12 |
Post removed.Why?