According to listing rules, RI cannot be issued at a price below par value of 14 ct.

TAN WEI LIAN
No. Date Transaction Type No of Shares Price (RM)
17/02/2016 Disposed 1,800,000 0.050
19/02/2016 Disposed 499,500 0.050
22/02/2016 Disposed 1,000,000 0.050
24/02/2016 Disposed 13,361,000 0.050

Quarter results out ........ http://www.bursamalaysia.com/market/listed-companies/company-announcements/5008377

this con game cannot be done by major shareholder as he need to make announcement. he will be charged by SC for price manipulation

normal extension is 6 months....it can still complete much earlier. Need insider news

If no Rights Issue, can still issue bonds. Just need a good rating.

Bank Negara approval requirement was stated in the Circular to Shareholders....

Sumatec optimistic on second half performance...........http://www.thesundaily.my/news/1456565

chuansze.....Stated in the circular to complete by 2nd quarter.....by 30 June 2015

if no news shark also die as holding cost is high

any expected date of announcement?

who?

take note that RI price cannot be fixed below suma par value which is 14 cent.

cannot fix at 15 as the no of shares issued will be different. . Got to go back to SC for changes

big drop will not happen.

http://www.theedgemarkets.com/my/article/sumatec-plans-expand-production-despite-low-oil-prices

The three directors/promoters holding total 69% shares (23% per director).....after 6 months from IPO date (..already over), they can sell down to 45% shares (15% per director). The 45% is under another 6 months moratorium. Its all in the prospectus....Guess price will be pushed up for unloading soon.

yes.....DBT

Think its a smart move as new investors will unload at a higher price than 28cts as compared to original investors who got at 23cts

The price 28 cts is fixed by broker........i applied but too many investors....so not successful

Part of this three PP............
1) 19,662,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS;

2) 45,030,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL
TRADE AND INDUSTRY; AND

3) OFFER FOR SALE OF 32,980,000 SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS,

Direct Business Transaction...........not going through Bursa.

its not new pp.....its transferred from old pp issued during ipo in Feb 2014 to new buyers via DBT

Sumatec CFO sold all her 20 million shares at average 30.8cts........exit too early...........

rashidah bt abdullah is Sumatec CFO

notice Sumatec direct deal today at OSK188 trading site. 10 million Sumatec shares done at 35 cents.