SARAWAK CONSOLIDATED IND BHD

KLSE (MYR): SCIB (9237)

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Last Price

0.25

Today's Change

+0.005 (2.04%)

Day's Change

0.25 - 0.255

Trading Volume

2,205,300


8 people like this.

23,356 comment(s). Last comment by Eagle77 1 day ago

newtrader1989

1,429 posts

Posted by newtrader1989 > 2021-11-08 11:57 | Report Abuse

Real show at 4.30pm wait for it ahahah

Posted by treatshijau > 2021-11-08 12:08 | Report Abuse

so far good?
or feel the opposite?

Posted by treatshijau > 2021-11-08 12:08 | Report Abuse

already confirmed?
need to book the cinema
good


Posted by newtrader1989 > Nov 8, 2021 11:57 AM | Report Abuse

Real show at 4.30pm wait for it ahahah

Posted by treatshijau > 2021-11-08 12:10 | Report Abuse

interesting progress
need to do more
will have more outcome

i3lurker

14,393 posts

Posted by i3lurker > 2021-11-08 12:11 | Report Abuse

company already said accounts not ready mah
so 100% guaranteed suspended loh.

whatever Newbies buy today must pay cash on T+2
and pay interest on margin account...

Posted by Buylowandrun > 2021-11-08 12:20 | Report Abuse

Be prepared mass sell off before 1230pm or 5pm

Posted by yappenghung > 2021-11-08 12:26 | Report Abuse

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

Stockisnotfun

5,143 posts

Posted by Stockisnotfun > 2021-11-08 12:28 | Report Abuse

Karim just managed to offload one batch just now. Karim can't play Serbadk now so only can play on kpower and scib table

getingreal

405 posts

Posted by getingreal > 2021-11-08 12:32 | Report Abuse

Like watching a plane crash...

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 12:38 | 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

king36

1,022 posts

Posted by king36 > 2021-11-08 12:45 | Report Abuse

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

solomolo

1,329 posts

Posted by solomolo > 2021-11-08 12:49 | Report Abuse

................

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").

https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3007046

until 2021...

Posted by InsiderShark > 2021-11-08 13:03 | Report Abuse

anyone that averaged down.... I wish them all the best.

birdparadise

1,468 posts

Posted by birdparadise > 2021-11-08 13:03 |

Post removed.Why?

Posted by moneymagnet85 > 2021-11-08 13:04 | Report Abuse

Any goodnews or AR report? Why the price going up even its going to be suspended this evening...

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 13:15 | Report Abuse

Thanks Solomolo, so it is different story between SCIB/Serba and Sumatec, so trader, trade wisely or long term investor, invest safely.

Stockisnotfun

5,143 posts

Posted by Stockisnotfun > 2021-11-08 13:32 | Report Abuse

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.

https://www.thestar.com.my/business/business-news/2021/10/08/sumatec-resources-continues-to-be-suspended

king36

1,022 posts

Posted by king36 > 2021-11-08 13:34 | Report Abuse

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

................

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").

https://www.bursamalaysia.com/bm/market_information/announcements/comp...

until 2021...

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 13:35 | Report Abuse

A. Application for Extension of Time (“EOT”)



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.



This announcement is dated 26 October 2021.

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 13:36 | Report Abuse

Clearly stated in SCIB announcement, End of December 2021

Stockisnotfun

5,143 posts

Posted by Stockisnotfun > 2021-11-08 13:39 | Report Abuse

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

newtrader1989

1,429 posts

Posted by newtrader1989 > 2021-11-08 13:40 | Report Abuse

Scib will Sue bursa for not allowing the extension lolz.

solomolo

1,329 posts

Posted by solomolo > 2021-11-08 13:41 | Report Abuse

........

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.

https://www.malaymail.com/news/money/2020/09/07/sumatec-fails-to-submit-quarterly-report-share-trade-suspension-remains/1900865

...............................

solomolo

1,329 posts

Posted by solomolo > 2021-11-08 13:43 | Report Abuse

Serbadk got suspension bcoz of SIR...not QR or AR problem..AR they got 1 month extension from Bursa

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 13:45 | Report Abuse

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.

solomolo

1,329 posts

Posted by solomolo > 2021-11-08 13:46 | Report Abuse

Layman...yes..just wait next year if anyone buy today

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 13:49 | Report Abuse

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.

Posted by Buylowandrun > 2021-11-08 14:06 | Report Abuse

Bursa got stable stock like Maybank rhbbank tenaga tm
Die die must buy this fail dying counters
Wakakaka

Posted by NatsukoMishima > 2021-11-08 14:11 | Report Abuse

From bad to worse , challenge bursa ! The only way is delisting faster !

Posted by Buylowandrun > 2021-11-08 14:13 | Report Abuse

Once delisted ur money stuck in this stock for years. Don't hope to get it back

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 14:21 | Report Abuse

hahahaha..the drama getting more and more exciting

Stockisnotfun

5,143 posts

Posted by Stockisnotfun > 2021-11-08 14:22 | Report Abuse

Wahaha finally. Long time didn't see any good drama in bursa. Haha let's the show begin

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 14:23 | Report Abuse

By the way, that is Serba ya. not SCIB

investorbat

1,448 posts

Posted by investorbat > 2021-11-08 14:24 | Report Abuse

any difference ?

Profit77

359 posts

Posted by Profit77 > 2021-11-08 14:28 | Report Abuse

Someone has to voice out the discrepancies and irregulaties imposed by power abuse.

solomolo

1,329 posts

Posted by solomolo > 2021-11-08 14:31 | Report Abuse

......

why in NST not have the source real or fake?

https://www.nst.com.my/business/2021/11/743475/serba-dinamik-challenges-bursa-court

.....

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 14:35 | Report Abuse

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.

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 14:36 | Report Abuse

If it is fake, another sues case. added one more not many too.

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 14:39 | Report Abuse

Still 20 cents lei......

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 14:43 | Report Abuse

Those want to wait 10 cents one can buy the warrant now lei, no need shout here shout there. later more than 10 cents not enough money to buy later

aleesya

87 posts

Posted by aleesya > 2021-11-08 14:44 | Report Abuse

(Double) LU on re-opening day.

Layman2020

435 posts

Posted by Layman2020 > 2021-11-08 14:46 | Report Abuse

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????

birdparadise

1,468 posts

Posted by birdparadise > 2021-11-08 14:57 |

Post removed.Why?

Depeche

4,451 posts

Posted by Depeche > 2021-11-08 15:02 | Report Abuse

Should call Serba to verify this piece of news... if it's fake, good luck to those spreading fake news if Serba decides to pursue

songjoseph

257 posts

Posted by songjoseph > 2021-11-08 15:07 | Report Abuse

any legal firm listed in Bursa KL...i want to buy leh

GOOD BUSINESS banyak olang mau LU SUE ME, I SUE YOU

aleesya

87 posts

Posted by aleesya > 2021-11-08 15:11 | Report Abuse

Just had mee for lunch today. 6 to 7 hours later, will shit (yu_and) mee. Hahaha..

birdparadise

1,468 posts

Posted by birdparadise > 2021-11-08 15:28 |

Post removed.Why?

newbie8080

2,767 posts

Posted by newbie8080 > 2021-11-08 15:31 | Report Abuse

Counter going to be suspended tomorrow.
Still interested to buy in?

angelo

414 posts

Posted by angelo > 2021-11-08 15:38 | Report Abuse

Still have more than an hour before closing. Can we see red so that the naysayers will come out to do their barkings here?

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