Seacera Group Berhad

MATERIAL LITIGATIONKUALA LUMPUR HIGH COURT Writ No: WA-22NCC-554-11/2020

Plaintiff : Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
Defendants : Seacera Group Berhad (163751-H) & 11 Others

MATERIAL LITIGATIONFEDERAL COURT OF MALAYSIA: 08(i)-164-06/2024(W)
(COURT OF APPEAL PUTRAJAYA: W-02(IM)(NCC)-1033-06/2023)

Appellant : Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
Respondents : Seacera Group Berhad (163751-H) & 10 Others

MATERIAL LITIGATIONKUALA LUMPUR HIGH COURT Writ No: WA-22NCC-554-11/2020

Plaintiff : Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
Defendants : Seacera Group Berhad (163751-H) & 11 Others

MATERIAL LITIGATIONKUALA LUMPUR HIGH COURT Writ No: WA-22NCC-262-06/2020 (Suit 262)

Plaintiff : Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
Defendants : Duta Nilai Holdings Sdn Bhd (184910-H)

MATERIAL LITIGATIONKUALA LUMPUR HIGH COURT - Writ No: WA-22NCC-554-11/2020

Plaintiff : Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
Defendants : Seacera Group Berhad (163751-H) & 11 Others

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

MATERIAL LITIGATIONCOURT OF APPEAL PUTRAJAYA: W-02(IM)(NCC)-1033-06/2023
(High Court of Kuala Lumpur Writ No: WA-22NCC-554-11/2020)

Appellants : Seacera Group Berhad (163751-H) & 11 Others
Respondents : 1. Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
: 2. Estate of Mah Soon Chai
(represented by Amanah Raya Berhad (344986-V))

MATERIAL LITIGATIONAPPEAL COURT OF PUTRAJAYA Appeal No: W-02(NCC)(W)-1954-10/2022
(Writ No: WA-22NCC-114-03/2019)

Appellants : Gan Hai Toh
Respondents : Seacera Group Berhad (Company No. 163751-H)

MATERIAL LITIGATIONCOURT OF APPEAL PUTRAJAYA: W-02(IM)(NCC)-1033-06/2023
(High Court of Kuala Lumpur Writ No: WA-22NCC-554-11/2020)

Appellants : Seacera Group Berhad (163751-H) & 11 Others
Respondents : 1. Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
: 2. Estate of Mah Soon Chai
(represented by Amanah Raya Berhad (344986-V))

Change in Principal Officer - ENCIK ZULKARNIN BIN ARIFFIN

OTHERSSEACERA GROUP BERHAD ("SGB" OR "THE COMPANY")
APPOINTMENT OF AUDITORS

MATERIAL LITIGATIONKUALA LUMPUR HIGH COURT Writ No: WA-22NCC-435-06/2023

Plaintiff : Ismail bin Othman
Defendants : 1. Seacera Properties Sdn Bhd (199601030737 (403089-X))
2. Seacera Group Berhad (198701005080 (163751-H))

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

MATERIAL LITIGATIONKUALA LUMPUR HIGH COURT - Writ No: WA-22NCC-554-11/2020

Plaintiff : Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
Defendants : Seacera Group Berhad (163751-H) & 11 Others

MATERIAL LITIGATIONKUALA LUMPUR HIGH COURT Writ No: WA-22NCC-554-11/2020

Plaintiff : Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
Defendants : Seacera Group Berhad (163751-H) & 11 Others

MATERIAL LITIGATIONKUALA LUMPUR HIGH COURT Writ No: WA-22NCC-435-06/2023

Plaintiff : Ismail bin Othman
Defendants : 1. Seacera Properties Sdn Bhd (199601030737 (403089-X))
2. Seacera Group Berhad (198701005080 (163751-H))

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

MATERIAL LITIGATIONCOURT OF APPEAL
APPEAL COURT OF PUTRAJAYA Appeal No: W-02(NCC)(W)-294-02/2023
(Writ No: WA-22NCC-244-06/2020)

Appellant/Plaintiff :Duta Nilai Holdings Sdn Bhd
Respondents/Defendants :Ismail bin Othman, Zainab binti Mansor, Al-Amin Strategic Commodity Sdn Bhd,
Mohd Nornizan bin Ramlan @ Jamil & Mohamad Naser bin Osman (Ismail bin
Othman & 4 Ors)

MATERIAL LITIGATIONCOURT OF APPEAL
APPEAL COURT OF PUTRAJAYA Appeal No: W-02(NCC)(W)-294-02/2023
(Writ No: WA-22NCC-244-06/2020)

Appellant/Plaintiff :Duta Nilai Holdings Sdn Bhd
Respondents/Defendants :Ismail bin Othman, Zainab binti Mansor, Al-Amin Strategic Commodity Sdn Bhd,
Mohd Nornizan bin Ramlan @ Jamil & Mohamad Naser bin Osman (Ismail bin
Othman & 4 Ors)

MATERIAL LITIGATIONKUALA LUMPUR HIGH COURT Writ No: WA-22NCC-262-06/2020 (Suit 262)

Plaintiff : Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
Defendants : Duta Nilai Holdings Sdn Bhd (184910-H)

MATERIAL LITIGATIONCOURT OF APPEAL
APPEAL COURT OF PUTRAJAYA
Appeal No: W-02(NCC)(W)-168-01/2022 (Writ No: WA-22NCC-603-10/2019)

Appellants/Plaintiffs: Ismail bin Othman, Zainab binti Mansor, Mohamad Suffian bin Ismail, Mohd Razip bin Hamzah & Siti Haidah binti Ariffin (Ismail bin Othman & 4 Ors)
Respondents/Defendants: Seacera Group Berhad (SGB), Seacera Properties Sdn. Bhd. (SPSB), Duta Nilai Holdings Sdn. Bhd. (DNHSB) & Duta Skyline Sdn. Bhd. (DSSB) (SGB & 3 Ors)

MATERIAL LITIGATIONCOURT OF APPEAL
APPEAL COURT OF PUTRAJAYA
Appeal No: W-02(NCC)(W)-168-01/2022 (Writ No: WA-22NCC-603-10/2019)

Appellants/Plaintiffs: Ismail bin Othman, Zainab binti Mansor, Mohamad Suffian bin Ismail, Mohd Razip bin Hamzah & Siti Haidah binti Ariffin (Ismail bin Othman & 4 Ors)
Respondents/Defendants: Seacera Group Berhad (SGB), Seacera Properties Sdn. Bhd. (SPSB), Duta Nilai Holdings Sdn. Bhd. (DNHSB) & Duta Skyline Sdn. Bhd. (DSSB) (SGB & 3 Ors)

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

MATERIAL LITIGATIONKUALA LUMPUR HIGH COURT Writ No: WA-22NCC-554-11/2020

Plaintiff : Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
Defendants : Seacera Group Berhad (163751-H) & 11 Others

MATERIAL LITIGATIONCOURT OF APPEAL PUTRAJAYA: W-02(IM)(NCC)-1033-06/2023
(High Court of Kuala Lumpur Writ No: WA-22NCC-554-11/2020)

Appellants : Seacera Group Berhad (163751-H) & 11 Others
Respondents : 1. Al-Amin Strategic Commodity Sdn Bhd (1109831-H)
: 2. Estate of Mah Soon Chai
(represented by Amanah Raya Berhad (344986-V))

$FINTEC / 0150 (FINTEC GLOBAL BERHAD) Keeps Bleeding

I initially learned about FINTEC during the pandemic period of 2020, which coincided with the company posting impressive financial results. Some even likened it to the Malaysian counterpart of Berkshire Hathaway. In FY2020, FINTEC recorded revenue of RM20.4 million and a net profit of RM226.7 million. Subsequently, in the following year, the company experienced significant growth, with revenue reaching RM86.8 million and a substantial increase in net profit, amounting to RM809.9 million. But

In FY2023,
1. The company generated revenue of RM22.28 million, marking a 15.7% increase from RM19.26 million in FY2022.
2. However, the company's gross profit still showed a loss of RM0.21 million, but this represented a significant improvement from the losses of RM1.95 million in FY2022, narrowing by 89.2%.
3. The company's overall profit after losses amounted to RM32.23 million, a notable decrease from RM86.99 million in FY2022, narrowing by approximately 62.7%.
4. Total assets of the company decreased from RM284.72 million to RM245.41 million, reflecting a decline of about 14%.
5. Concurrently, the company's liabilities decreased from RM40.86 million to RM33.79 million, marking a reduction of approximately 17%.
6. FINTEC operates in four main business segments, each with varying results:
- Portfolio Investment: This segment contributes the largest share of revenue to the company, totaling RM19.64 million (about 88% of the company's revenue). However, it also represents a major source of losses for the company, amounting to RM23.8 million.
- Biotechnology Products: This business contributes RM1.59 million in revenue (approximately 7.1%), but it also resulted in losses of RM721,000.
- Financial Services: This is the only segment that generated a profit for the company, with revenue of RM233,000 and a net profit of RM1.9 million.
- Glove Business: This segment contributed RM812,000 in revenue (3.6%) but incurred losses of RM6.87 million.
7. To assess the company's overall performance, particular attention should be paid to its portfolio investment segment, as it constitutes the largest portion of the company. In Q4FY22, the company reported revenue of RM3.87 million and a net loss of RM43.35 million. In contrast, in Q4FY23, revenue decreased to RM1.49 million, and losses narrowed to RM2.61 million. The reduced mark-to-market losses in this segment played a significant role in the decreased losses.
8. It's important to note that FINTEC remains a major shareholder in companies such as $FOCUS / 0116 (FOCUS DYNAMICS GROUP BERHAD), $DGB / 0152 (DGB ASIA BERHAD), $NETX / 0020 (NETX HOLDINGS BERHAD), and $SEACERA / 7073 (SEACERA GROUP BERHAD). The share prices and profitability of these companies directly impact FINTEC's share price and revenue.
9. I personally don’t recommend anyone to invest in these related companies even they reported profit in the coming quarterly announcement or in the future because their profit can't be sustain and I do believe that there is still something related between them even though FINTEC no longer shareholder in some of these companies. The company registered address is already a prove.

The update above is more an alert rather than analysis.

MATERIAL LITIGATIONCOURT OF APPEAL
APPEAL COURT OF PUTRAJAYA Appeal No: W-02(NCC)(W)-294-02/2023
(Writ No: WA-22NCC-244-06/2020)

Appellant/Plaintiff :Duta Nilai Holdings Sdn Bhd
Respondents/Defendants :Ismail bin Othman, Zainab binti Mansor, Al-Amin Strategic Commodity Sdn Bhd,
Mohd Nornizan bin Ramlan @ Jamil & Mohamad Naser bin Osman (Ismail bin
Othman & 4 Ors)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MORGAN STANLEY