Can get cheaper tomorrow..................... Abang SERBADK and adik SCIB confirmed doing fraud accounting............................. KPOWER is next to be discovered...................................
The reactions by SD were so alike Jib when got caught !!! Just Like the Cantonese saying "sei gai chaang farn goi 死雞撐飯蓋" (dead chicken props up the lid of rice-cooker)
No point trying to frighten people hoping to buy cheaper. The fact is that K Power business is independent from Serba and SCIB. Also projects like the Solar Power plant at Pekan is sign with TNB. The other Hydro Projects are also sign with other independent listed company.
Karim got to much at stake esp with Serba D. The Sukuk Bond due May 2022 is USD 200 M. In order to save Serba, Karim have to buy time. The law suit against EY is to buy time. Time needed to unwind thse suspect projects. He is most likely to sell his majority stake in K Power to rescue his SD and SCIB. Why do you think there is so many buyers inspite of the negative news against Karim
Posted by leno > Nov 11, 2021 9:39 AM | Report Abuse
sebak default bond payment already. this month sebak CLOSE SHOP. Its still trading at Bond Supermkt lah. Wonder why you say default. 900m interest payment already deposited with Bank
tvz32 Kindly be informed that we have received notice from the Trustee, indicating that coupon payment that is due on 9th November has not been received from the bond issuer (SD International Sukuk Limited) nor from the guarantor (Serba Dinamik Holdings Bhd) on its bond SDHMK 6.300% 09May2022 Corp (USD).
Investors are reminded at the moment that this non-payment does not constitute a breach as bond covenant allows 30 days grace period for issuer to make good on the payment, failing which will only then trigger an official default.
In addition, both outstanding bonds of the issuer - SDHMK 6.300% 09May2022 Corp (USD) and SDHMK 6.997% 12Mar2025 Corp (USD) - contains cross default provisions which means that if the bond issuer defaults on one bond it would trigger a cross default on the other bond. 11/11/2021 9:33 AM
AUDITORS’ INDEMNITY To the extent permitted by law, the Company has agreed to indemnity its auditors, Al Jafree Salihin Kuzaimi PLT, as part of the terms of its audit engagement against claims by third parties arising from the audit (for an unspecified amount).
It only take one shareholder to highlight this to Bursa, and Karam Power will Karam. It only take one shareholder to request for FULL audit, and Karam Power will Karam forever. Chances are Bursa is already put up a team to look and scrutinize Karam Power accounting.
What happen if Karam Power suddenly got Suspended like Sebak ?
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....
Jenny
522 posts
Posted by Jenny > 2021-11-10 20:51 | Report Abuse
所以之前我都说了这两天拉升都是给机会你逃的。每次拉升都是逃命波,问你自己已经错过了多少次机会????机会已经给了你,是你错过罢了。保本第一,有人本钱才能东山再起