aiya sell at 5 m USD , can get 20 m RM for one lor ....20 x 6 = 120 M ..

if cant sell higher price ...the oustanding suma and Hoe Loe share share ma.


aiyoyoyoyo

http://www.fleetle.com/vessels/8418

built 1998 , asking price 6 m USD, 24M RM .

semua shipping one can sell for 20 M each ah ?

nomanland last time sumatec and hoe loe plan to transfer all the semua share to R&A . R&A is a listing company . I believe they want to transfer the loan liability to R&A. but the deal failed .

Now dunno Hoe Leo and Sumatec plan to do what to resolve the issue

the R&A deal cancelled . but the above url got mention the details of the 6 vessels .

Semua Shipping's core activities are shipping and provision of shipping-related services.

It owns six product tankers which have a capacity of 8,000 dead-weight tonnage (DWT) each. These product tankers are used to transport refined petroleum products such as jet fuel, diesel oil, gas oil, fuel oil and kerosene. All these vessels have long term charters with Shell Malaysia.
Read more at http://www.thestar.com.my/business/business-news/2016/05/04/ra-telco-buying-semua-shipping-for-rm150m/#YLEHeeqrYiq4R8Md.99

Hoe Leong own 80 % stake in Ebony Ritz and Ebony Ritz own 49 % stake in Semua International

Semua International shareholders comprise Sumatec and Ebony Ritz Sdn Bhd with each holding a 49% stake. Hoe Leong holds the remaining 2% stake.

Hoe Leong owns a controlling 80% stake in Ebony Ritz. Auspicious Journey Sdn Bhd holds 20% in Ebony Ritz.

http://www.theedgemarkets.com/my/article/sumatec-emerge-ras-major-shareholder

Semua International shareholders comprise Sumatec and Ebony Ritz Sdn Bhd with each holding a 49% stake. Hoe Leong holds the remaining 2% stake.

one .. this is not sumatec need to pay 121 M .. there are 6 vessels maybank can lelong it . and sumatec only need to pay outstanding amount . now the question is , suma need to pay how much ?

at this link ,http://www.businesstimes.com.sg/companies-markets/semua-shipping-ceasing-operations-says-hoe-leong-corp

Hoe Leong does own a stake in semua shipping . Does Hoe Leong got obligation to share some of the loan repayment ?

Ozzie what is yr opinion on maybank loan default issue ?

So does this mean hoe leong own semua shipping too ?

HOE Leong Corporation, which has a stake in Semua International, on Friday said that the latter's Semua Shipping has decided to cease its operations and dispose of its vessels

http://www.businesstimes.com.sg/companies-markets/semua-shipping-ceasing-operations-says-hoe-leong-corp

Ini 6 sampans kasi maybank bole settle the loan ah...aiyoyo tan sri mell lagi satu kali ciakap.
Will help suma kau tim this loan if suma is asked by court to pay..aiyoyo

Rta going to buy the semua shipping group..wat is the progress ? Does the deal include rta to assume all the semua shipping liabilities ?

The 6 vessels are attached to the term loans . If this vessels value is far less than 121m . Will maybank approve the loan. Can be jus like semado case. Sell or take the vessels . Suma pay the outstanding amout

Not yet. As paulthesotong said jus ask maybank to take the sampans

This time sumatec immediately report this term loan issue before it got advise from lawyer...very dueligent.

http://splash247.com/semua-shipping-finds-a-buyer/

Last year news sumatec is selling semua shipping..for 150 m . Wat is the status now. The article above mentioned got 6 vessels.

Can close shop maybank chase 121 m

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5357161

Suma boleh move meh...aiyoyo

Aiyoyoyo....bila mau 65 ini....

nanti operator kasi factor in lagi lor...aiyoyo

today sumatec waiting the semado court case result ah ?

May be the database table is full or crashed. All posts gone. They deleted it.

the site crashed , i was unable to access it just now

gone

Lia itu oil specialist ma..dragon ciakap pinya

http://www.cnbc.com/2017/02/28/opec-compliance-with-oil-curbs-rises-to-94-percent-in-february-survey-says.html

Current market price for condensates is 50 usd per barrels.

Halim said end of 2018. 3000 of bpd condensates. The gas process facilities need 18 months to complete.

Not like previous proposal asking suma to buy the oil fields from tan sri.
I guess this take over of oil field is postpone given the current low oil price environment n the fact usd rate is so high.

Gm said if pp money came in july . Then by mid 2018. Oil Production can achieve 2000 bpd.
It mentioned before pp price fixing will be done in tranches. So from now to july. Pp will be carried out ?.

Next Right issue money is used for gas development. So i think this proposals is to let sumatec can generate cashflow first

Aramco invest in Sumatec ah....kikiki klu betul...morning kasi limit up...afternoon kasi limit again lor....aiyoyoyo

sumatec report current liabilities reduced to 117 m from 144 m.

Profit tala cun . Now what news can be used to goreng up....aiyoyo

Ah lick u know what jus now i saw armada n alam result n last friday knm result

. Wa halap sumatec tala post losses kaw kaw leh.. aiyoyo 1.5m profit nothing to complain lor
Aiyoyo.

0.65 will be gone in a second tomorrow open

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5353545

Aiyoyo

Dream lu jadi finance manager ga..lu pegi interview itu sumatec vacancy last time ga....

Itu loan kena bayar ini....

Jual kapal tak jadi.. Court case ala jadi

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5350293

aiyoyo tan sri pls release kaw kaw profit result....itu maciam boleh goreng for PP la...RI la....or pisang pun kasi goreng juga..

pray kaw kaw tala loss kaw kaw itu report lor...aiyoyoyo lu tengok itu KNM...

aiyoyoyoyoyo ah dream kuat kuat bikin promoter ini..jaga reban kaw kaw ini...

Tan sri sula sendiri sula came out promote sumatec veli good pinya biz plans ini.
Investors come monday mesti sapu kaw kaw sumatec share lor.

Aiyo lu tala see wa punya posts ah