brent oil price hit USD66

market perception toward the proposed deals a lackadaisical approach as seem in recent performance in terms of volume and pricing, literally the whole proposed structuring of scomi entities into a new scomi group is for the benefit of their own agenda not minority shareholders.

therefore minority shareholders of scomi energy are advice to strongly oppose the term offered at the court convened meeting to be held at Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jln bukit Kiara, Off Jln Damansara 60000 KL on Thursday 4 Jan 2018 at 2.00pm

Bear this in mind, they have made it clear that those name appeared in the central depository record as at 29 dec 2017 are allowed to go in the meeting and vote for your right.

through proposed merger deal :

1) scomi engineering -
scomi will undertake to acquire all ordinary shares of scomi engineering with a offer price of rm0.30(premium gain based of current market price) for each scheme share equivalent for which shall be satisfied a share swap of every 7 shares held entitled 10 new consolidated shares of scomi at an issue price of rm0.21 per consolidated share.

2.scomi energy -
scomi will undertake to acquire all ordinary shares of scomi energy with a offer price of rm0.126 (mearge gain based of current market price) for each scheme share equivalent for which shall be satisfied a share swap of every 5 shares held entitled 3 new consolidated shares of scomi at an issue price of rm0.21 per consolidated share.

out of the 3 co's we know which will make progressive in the coming quarters as current oil price is on the uptrend.

judging from the deal its seems scomi is offering better value for shareholders of scomi engineering than shareholders of scomi energy.

brent oil has reach USD65

I think fatty chan enjoying with cigar looking at the screen of the depressed price

there is big differences between suspension and delisting only a matter of time

csl fate exactly similar to xinguan suspension

take a look at 30 largest shareholder-are they proxy or individual with just layman mind

wow unbelievable,all the audited report endorsed and made announcement in bursa after the fire accident which was 3 years ago in questionable

almost entire bod including fatty chan son resigned after the authority take actions, what a joke if sc & bursa keep on silent the management continue to do its business as usual

the main thriller will be the finding of truth of the existence cash balance in its coffer, will fatty chan go scot-free for making creative account report that now the authority only concern of its
seriousness in jeopardizing the integrity of the market

fatty chan as fat as you-well executed a time ticking bomb

what a record, suspension soon, going to be twice including this time

the problem is who would absorb his sell out might as well wait till 0.01-0.005

really salute to the authority only now make announcement to take action for so long someone like SSLee raised the red flag and scream top of his lung to voice his concern

its so easy to get off the hook by suspension, minority shareholders suffered

a long waited resolution by bod to proposed interim dividend is the menu of the day

even though if the cash balance is real, we had witnessed actual event unfolding, lets recount : 1st-the co had fire accident 3years ago which subsequently caused huge amount of losses reported and made matter worse the co slipped into pn17 for unable to submit its financial report the same year it happened, after 3 years from now the co recovered and 2nd-every year we hear huge amounts of expenses reported and all this cause the dwindling of cash balance and now the latest event litigation issue as a result loan taken by CF might have consequences effect on the co and extended time frame of submitting its financial report. There might be more to come to make the cash balance dwindle until at a comfortable level to reflect the share price

dear SSLee, this is a strong case worth following given the massive cash balance held by csl until now no one suspect any fraud

expired warrant, litigation issues by CF over loan causes share price to drop all time low, however recent movement in price recovered to its fair value suggest there might be +ve development ongoing

Dear SSLee, can you updates on the possible outcome of proposed interim dividend as mentioned by the BOD

no wonder the price keep on downward maybe only way for him is to dispose his share to pay off the loan

propose extended time to FYE jun'18 might as well discloses unable to submit its financial report for current financial year ended dec'17, had happened before when it slipped into PN17

no need to think of commit suicide be invest at your risk level

yummy, the price are in distress

good work done Sslee, now its the ripe time to question the rationing of proposed dividend since the co have recovered from the fire accident 3 year ago

back to the price desired, starts to accumulate small amount

bit by bit squeeze in @ 0.055

buy some to support SSLee at current price-fair value