If u want to invest, please read up on company. Karim already said AR will not be out this month. Furthermore, please read up on The Edge for report on Serbak. This is an indication of the type of management style. After reading, please run away from all related companies
SCIB said end of Dec in announcement. Just wait , can someone checked did Sumatec boss said when AR out? I know SCIB announced in bursa by Dec 21, so trader, do your own judgement , ignore those speculation
I am still waiting for Sumatec's AR too. Why NO ACTION from BURSA?
Posted by Layman2020 > Nov 8, 2021 12:38 PM | Report Abuse
SCIB said end of Dec in announcement. Just wait , can someone checked did Sumatec boss said when AR out? I know SCIB announced in bursa by Dec 21, so trader, do your own judgement , ignore those speculation
Sumatec problem not submited QR and not request 1-month extension to Bursa
SUMATEC RESOURCES BERHAD
Kindly be advised that the above Company has failed to submit its 3rd Quarterly Report for the financial period ended 30 September 2019 ("3rd QR 2019 ") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe pursuant to Paragraph 9.22(1) of Bursa Securities' Main Market Listing Requirements ("Main LR").
Sumatec is same story as serbadk but different with scib. Sumatec requested for 1 month extension delay and they miss the deadline too. Therefore, sumatec suspend until now. Serbadk requested both changing financial year and 1 month extension. Scib request 1 month extension straight outright rejected by bursa.
At this case, scib even worse than both Serbadk and sumatec. At this case, bursa pretty much already confirmed knowing scib have the report already but don't want to announce else can't explain why bursa don't even give second chance to scib. Fate of these companies pretty much already decided. You might not know there's a company has been suspended for 7 years due to delay of annual report submission.
Thanks solomolo. What can the share-holders do? Will this happen to SCIB too? And BURSA MALAYSIA still sitting on their fat ass??? Must give them KPI = 0!
Posted by solomolo > Nov 8, 2021 12:49 PM | Report Abuse
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Sumatec problem not submited QR and not request 1-month extension to Bursa
SUMATEC RESOURCES BERHAD
Kindly be advised that the above Company has failed to submit its 3rd Quarterly Report for the financial period ended 30 September 2019 ("3rd QR 2019 ") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe pursuant to Paragraph 9.22(1) of Bursa Securities' Main Market Listing Requirements ("Main LR").
Sarawak Consolidated Industries Berhad (“SCIB” or “the Company”) wishes to announce that in view of the change of external auditor and the impact of restrictions in movement in Malaysia and overseas arising from the COVID-19 pandemic, the audit of the financial statements for the financial period ended 30 June 2021 of SCIB Group ("AFS 2021”) was affected and the AFS 2021 could not be finalised in time for inclusion in the Annual Report for the financial period ended 30 June 2021 (“Annual Report 2021”) for issuance within 4 months from the close of the financial year of SCIB as stipulated under Paragraph 9.23(1) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad ("Bursa Securities"), i.e., by 31 October 2021 (“Due Date”).
In view of the above, the Company had on 8 October sought an EOT up to 31 December 2021 to issue its Annual Report 2021. However, Bursa Securities has vide its letter dated 25 October 2021 rejected the Company’s application for EOT.
B. Outstanding Annual Report 2021 and Suspension of Trading
In the light of approved standards on accounting and auditing, the Company opined that the auditor should be given adequate time to perform their statutory obligations without interference and time constraints to ensure audit works can be conducted effectively and sufficiently. The auditor has stated in their audit plans that the AFS can only be finalised in December 2021.
As a result of the dilemma circumstances, the Company has decided to uphold the compliances with the approved auditing and accounting standards by allowing the auditor to perform their duties without interference and time constraints.
We had on 25 October 2021 submitted an appeal to Bursa Securities and this announcement is subject to the approval of the appeal.
In view of the above rejection of the Company’s EOT application by Bursa Securities and pursuant to Paragraphs 9.28(3) and 9.28(4) of the MMLR, the Company wishes to announce that it will not be able to issue its Annual Report 2021 by the Due Date.
As explained above, the Company will not be able to issue its Annual Report 2021 by the Due Date as the AFS 2021 could not be finalised in time for inclusion in the Annual Report 2021 due to change of external auditor and the impact of restrictions in movement in Malaysia and overseas arising from the COVID-19 pandemic.
The information on suspension of trading of SCIB’s securities in view of the delay in the issuance of Annual Report 2021 are as follows:-
a. The suspension of trading of SCIB’s securities will be effected on the next market day after the expiry of 5 market days from 31 October 2021.
b. The date of suspension of trading will be on 9 November 2021.
c. The Company will work with its external auditor to expedite the finalisation of audit of the AFS 2021 and to issue the Annual Report 2021 as soon as possible before the end of December 2021.
d. The expected date of issuance of the outstanding Annual Report 2021 is 31 December 2021.
If they know only able to submit the report end of December then why bother to request for the one month extension? What's the point? Then Bursa no wonder rejected their one month extension request
Sumatec suspension since 2019...in 2021..they requested 1 month extension to Bursa..still no money loh .....in 2019 they not requested for 1 month extension at all
KUALA LUMPUR, Sept 7 — Trading in Sumatec Resources Bhd's securities will be suspended from 9am tomorrow until further notice as the company has failed to submit its second-quarter report for the financial year ended June 30, 2020 to Bursa Malaysia Securities Bhd.
“As the company's securities have been suspended from trading since November 7, 2019 in view of the winding-up order against the company, the suspension of trading will continue until further notice,” the Practice Note 17 (PN17) company said in a filing with the local exchange today.
Drama is on, final episode will be in Dec 2021, let's sit and relax, standby Champagne, or toilet paper as tissues depending on happy ending or sad ending.
Itu orang mahu kacau kita dengan speculation memang ada susah, kita baca fakta,, mungkin kita salah, tapi mungkin kita betul juga kerana belum sampai waktunya.
Bursa wrong move at first, they should wait for Nov to come and then to demand for SIR to be released, as Karim stated by end of Oct SIR will be completed. I think the rushing act in Oct created dispute for this challenge drama to start.
Mother 20 cents still said expensive... don't know really not enough fund to buy or not. kesian...lelong warrant below 10 cents for you now also no money buy????
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newtrader1989
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Posted by newtrader1989 > 2021-11-08 11:57 | Report Abuse
Real show at 4.30pm wait for it ahahah