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KUALA LUMPUR: Tan Sri Halim Saad disposed of 62.748 million shares of Sumatec Resources Bhd at an average price of one sen each on Jan 18, which was an all-time low for the shares.
A filing with Bursa Malaysia on Wednesday showed he sold the shares of the oil and gas services company for RM627,480.
The disposal reduced his shareholding in the company, which is under the Practice Note 17, to 332.04 million shares or 7.80%.
On Dec 20 last year, he disposed of 54.39 million shares for RM543,900.
This could have triggered the plunge in its share price when it tumbled 33% or 0.5 sen to one sen on Dec 24.
In the first nine months to Sept 30, Sumatec posted a net loss of RM1.91mil on revenue of RM2.98mil.
To recap, in late September last year, Bursa Malaysia Bhd, the stock exchange operator, instructed the entire board of directors to attend a training programme after the company failed to undertake a proper assessment of its financial accounts.
The oil and gas company was also publicly reprimanded by Bursa Malaysia.
Sumatec had reported an unaudited profit attributable to the owners of the company of RM27.37mil in the fourth quarter ended Dec 31, 2016 (QR Dec 2016) on Feb 28. 2017.
However, the company reported an audited loss attributable to owners of the company of RM62.018mil in the audited financial statements for the financial year ended Dec 31, 2016 (AFS 2016) announced on April 28, 2017.
The difference of RM89.39mil between the QR Dec 2016 and AFS 2016 represented a variance of 326.6%.
“Sumatec had failed to ensure that the QR Dec 2016 took into account the adjustments announced on Apr 28, 2017,” Bursa Malaysia said in the statement.
The adjustments, Bursa Malaysia said, were mainly due to the company’s failure to undertake proper and reasonable assessment and make provision for liabilities of RM71.415mil and additional impairment of assets of RM10.343mil in accordance with the relevant accounting standards.
24 Jan 2019 SUMATEC HALIM BIN SAAD Disposed 197,298,800 shares (134,742,000 3.1680% )
23 Jan 2019 SUMATEC HALIM BIN SAAD Disposed 62,748,000 21 Dec 2018 SUMATEC HALIM BIN SAAD Disposed 54,390,000 12 Dec 2018 SUMATEC HALIM BIN SAAD Disposed 25,000,000 29 Jan 2018 SUMATEC HALIM BIN SAAD Disposed 127,000,000 18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 14,200,000 18 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 9,570,000 13 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 6,076,200 12 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 3,000,000 11 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 25,500,000 7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 10,000,000 7 Apr 2017 SUMATEC HALIM BIN SAAD Disposed 22,500,000 9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 6,000,000 9 Jan 2017 SUMATEC HALIM BIN SAAD Disposed 8,000,000 7 Dec 2016 SUMATEC HALIM BIN SAAD Others 19,000,000 (772,025,000 19.96%)
sumatec PN17 nobody want buy....YA...YA...before bursa suspend sumatec ,company put a good news for everybody ...halim hope everybody like this news and is a good news for halim is a good last chance to sell all his worthless shares to change real cash and exit bankruptcy SUMATEC
heavy volume everybody jump in buy...PN17 sumatec anytime suspend... de-listing every body any time trap inside and lose all capital in investing sumatrap...
sumatec revenue baru 2.98M ,M = millions lagi mau cakap minyak 921 barrels per day cakap saja betul ada korek minyak kah? satu tong satu ringgit kah ? cakap pergi Republic of Kazakhstan korek minyak.....lu ada sampai Kazakhstan tengok kah ? mengapa revenue baru 2.98M ? sumatec ada kat sana korek minyak kah? aku tengok macam SAAG berhad korek pelabur punya pocket ..
Ya alah sumatec bank account baru ada sepuluh ribu...semua orang nampak sumatec tak ada wang KESIAN lah simpati sumatec...semua orang angkat sendiri poket punya bank perpuluh puluh ribu wang kasi DERMA masul poket HALIM...
hurmm ini kali apa pinya game autasing maw bikin.. last time goreng from 0.05 to above 0.10.. ini kali from.005 maw pegi manaa puncak woo.. pakrua pinya drone alaa lampak 0.05 woo iyaa maw picaya ka xmaw picaya in drone.. sikalang drone pun alaa pandai auta jugaloo.. talak apaa laa kawan pinya pasat..
paktua kasi derma cikitlaa kasi alaa volume done eat 10m share at 0.04 tan seli lu juai wa angkat aaa.. kila utang kila zero zero arr
tut tut ihik ihik ini gilaa pinya daring act talak burn wa earn ihik ihik
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....
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Posted by moneypedia > 2019-07-04 00:16 | Report Abuse
yah lah gah guh kikiki