Sharon Chong's comment on SERBADK

Sharon Chong

Chuan, I think maybe that's why auditors raise flag.. A lot of confusions and things that are not clear.. If we think carefully they will have to bare serious consequences too.. (look at the market cap of Serbadk, Scib and Kpower.. almost cut into half).. And so many institutions and individual investors are seriously affected. Kpmg can't say, "Oh sorry, we overlooked only ma, come come I sign for you.. ok settle.."

2 Like · 3 years · translate

Raymond Chong

所以 block 7 是在中东？不是美国？？？

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Meaw Meaw Cat

无言，宁愿相信Auditor 出错也不要面对事实。自己喜欢就好。不过真是很好笑。。喵喵

3 Like · 3 years · translate

Bon Bon Sin

哈哈哈那么多废话直接卖票咯昨天排limit down 价钱的 280 m 散户被大户一下吃完了开心吗？哈哈哈巴菲特每次都说别人恐惧你就要贪婪，因为这些panic 的人就是排队来送钱的

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Meaw Meaw Cat

KWAP 拋了，各位小心哦。。喵喵

1 Like · 3 years · translate

Bon Bon Sin

kwap 一直丢 innari ，你也可以去写了 innari 可能做假

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没有名

没有换audit 算不算好消息？

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Meaw Meaw Cat

那280 mil 也是散户卖的哈哈哈，神。。就是喜欢扮專家

2 Like · 3 years · translate

Kaiba AA

the thing is not even KPMG people like Sharon Chong manage to point out all the valid questions with lots of point of suspicious. Without valid documents, Serba is unable to explain. But how come it take so long to proof the legitimacy of it when Serba should have proper documentaions in place. To me, it's very weird.

6 Like · 3 years · translate

James

Cat哈哈哈，那280m是我卖的，不是机构卖的，相信我哈哈哈

2 Like · 3 years · translate

Sharon Chong

Calm down guys, I'm also an investor and I believe we are just trying our best to understand those things that we are confused about... It's nothing wrong with that as you can see even EPF is showing great concern now.. and they are going to ask Serbadk about the questions raised by kpmg..

https://www.klsescreener.com/v2/news/view/836401

5 Like · 3 years · translate

Meaw Meaw Cat

一间公司基本面好，信誉佳，不会因为几句风言风语而憾动。个人叫人小心，避开这类股，应该不是害人吧。那些整天想抱着人一沉淀的肯定有问题吧

6 Like · 3 years · translate

Cheong Chun Kiat

https://cbls.economy.gov.ae/Search_By_BN.aspx

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tony wang

Block 7 Investment LLC 原来是存在的，Active到2022年三月。

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Raymond Chong

上次我也是找不到！你是如果找到的？

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Cheong Chun Kiat

进UAE的经济部找的。click 上面的link，key in Block 7 investment，输入 display number，then search。

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Meaw Meaw Cat

好笑，股价两天LD , 还说没有猫腻? 就是喜欢自欺欺人。。喵喵还一味唱好公司。

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Meaw Meaw Cat

你喜欢就好，死鸭子嘴硬，明天買多点吧。喵喵

1 Like · 3 years · translate

Meaw Meaw Cat

別誤会，別对号入座。。哈哈哈，真是死鸭子滿天飞。。。明天Limit up

1 Like · 3 years · translate

Meaw Meaw Cat

千错万错都是别人的错，只许自己发言，不让人说话。第一次看到这像雞婆男人。比我还娘。

3 Like · 3 years · translate

Sharon Chong

My fellow investors, anyone knows what is ZonesCorp? Looks like its a public (government) institution in Abu Dhabi...

I really don't think it's "a company" because all zones, all industries and all companies are under ZonesCorp.. Is ZonesCorp a coordinator or what? Even Karim never said ZonesCorp award project.. but rather the project is awarded by Karim-owned Block 7 Investments..

https://www.zonescorp.com/en/our-partners/business-directory

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Sharon Chong

Jason Chow, hundreds of companies are ZonesCorp partners but why I can't find "Block 7 Investments and Efire Capital" in the list?

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Sharon Chong

https://www.zonescorp.com/en/our-partners/business-directory

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Sharon Chong

Thank you Chuan and Jason.. but until now we only know the 7 billion ringgit project is awarded by Karim's company to Serbadk.. no info indicates the fund is from ZonesCorp.. It's still Karim award to Karim.. unless further evidence are shown.

5 Like · 3 years · translate

Sharon Chong

Jason, I think I only understand partially.. further evidence and info needed

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Sharon Chong

Ya.. Roy Chong, but that's not within our capacity to verify it I guess..

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Meaw Meaw Cat

still not stable... red zone again... meaw meaw

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Simon Seah

Paid main, red now and afternoon green

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HY Ng

Even if it’s a related party transaction, don’t you guys feel this is super dodgy? A company that can award that sum of project cant even have a proper website...
I’m not saying this is right or wrong, we dont know everything, but this surely raises some eyebrows...

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Sharon Chong

HY Ng, I think what you say is quite true.. When compare with Malaysia company websites, I feel difficult to convince myself these are billion dollar companies in Abu Dhabi..

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Meaw Meaw Cat

yes... just feel so sorry for those invested in this company, whatever it is i don think the share price will bounce back to RM1.60 level. meaw meaw.... just stay away from high gearing companies in future... my 2 ct

5 Like · 3 years · translate

杨茗顺

原来喵喵是cl了，如果股价还上会很难受吧？所以一直希望股价跌

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Sinto Kai

这里一大早就开始吵了，好像菜市场这样 xD

1 Like · 3 years · translate

Meaw Meaw Cat

0.795 进0.91 卖， 0.88 进 0.84 cut... 现在观望，不敢动。。喵喵

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Lim Horng

meaw,原来你一直在这里制造恐慌，就是为了捞底，等涨高了再卖。厉害高明啊！

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Meaw Meaw Cat

不是制造恐慌，是观望市场波动和公司动像，都说了上下都可以賺钱，而且我不留过夜这隻股。喵喵

1 Like · 3 years · translate

Alex Lee

errmmmm, Meaw Meaw 你怎么一直说话都加一个 Meaw 啊，哈哈哈哈

1 Like · 3 years · translate

杨茗顺

要小心烫手哦。。。喵喵

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Meaw Meaw Cat

不入虎穴，焉得虎子。。喵喵

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Sharon Chong

It's a bit too risky to play now I think..

3 Like · 3 years · translate

Meaw Meaw Cat

yes.. i was watching the whole day... dare not touch... meaw meaw

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Sharon Chong

If it's really a financial fraud, 50 cents also not worth to gamble... Just my personal opinion..

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Kaiba AA

ya Agree with Sharon. Why jump into murky water that potentially dangerous animals in it. Wait everything clear out first to buy also won't late.

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Darren Khor

because KARIM we believe.

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宝总

darren要输到pokai了哈哈哈哈哈哈哈

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Kenji Oon

Is ok brother Darren no matter what happen, im always by your side, and also lord too. Peace and love and bless you my brother. Take care ,

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Kenji Oon

Yes, brothers Alif, must beware, brother Darren always drinking during trade, thats why sometimes he can be over confident.

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M Khairudin Ahmad

Info related to Block 7 Project. https://www.zonescorp.com

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Peter Mueller

People tends to be delusional. Dint research on company and their contracts. Buy blindly then shout in karim we trust. Last2 become fintec style and price only said bursa all scam...

3 Like · 3 years · translate

Sharon Chong

M. Khairudin, according to your link, there are many investors (Companies) that invested in various zones of ZonesCorp.. You may refer to the link below..

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Sharon Chong

https://www.zonescorp.com/en/our-partners/business-directory

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Sharon Chong

Can it be like MSC in Malaysia? Which they call for various companies to invest and build office in the corridor/zone whatever you call it..? Just playing guessing..

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Kaiba AA

Feel like OTM Capital scam. Gather public fund and promise return by building dunno what project overseas.

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tony wang

sharon chong

if not mistaken zonescorp is belong to UAE government. Seems like the project announced by Zonescorp is a government project, JV with Block 7 Investment and Serba. According to the briefing by Serba the project should start this coming July if not mistaken, let's see if it's exist or not.

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Learn Play

good luck to all invest

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Mie Zar

block 7 still in operation or dissolve? hahaha..google and u know the answer.

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tony wang

mie zar

do not look at opencorporates.com as it's not accurate.

go UAE government website to check the business name, it wrote active until March 2022.

check on this link
https://cbls.economy.gov.ae/Search_By_BN.aspx

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Danny Tay

http://www.block7investments.com/

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Danny Tay

http://energy.bernama.com/news.php?id=1955268

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Danny Tay

it's a JV with a ZonesCorp of Abu Dhabi. You can think Block 7 is like building PutraJaya back in the early '90s...

setting up a new township

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tony wang

if not mistaken, this Block 7 projects thingy is not an issue raised by kpmg right?

The IT contracts to non IT companies, companies with same addresses, small market cap company received contracts worth millions etc.

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Kaiba AA

KPMG setup a very nice road for everyone to dig these fishy info bro. They won't mention it publicly but will let everyone to be private investigator to sign more info and digest it. Block7 might not be in the KPMG queries, but apparently this is a hot topic for SC, Bursa or anyone to investigate now. Smart move KPMG.

2 Like · 3 years · translate

Sharon Chong

Tony Wang and Danny Tay, ZonesCorp never said they fund they million dollar projects, at least until now even Serbadk also dare not said that.. In Serbadk announcement on 15 April 2020, it's stated that they got the project from Block 7 Investments LLC, as shown in the link below..

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Sharon Chong

https://www.klsescreener.com/v2/announcements/view/3146609

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Sharon Chong

I think there's something fishy here as now we all know Block 7 belongs to Karim.. So it's like left hand to the right..

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Sharon Chong

Agree Kaiba AA

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Kaiba AA

KPMG gave u guys the shovel. Dig the info as much as you want. Although it might not be part of the findings, but netizens influence in media will spill out more dodgy findings to SC and Bursa to investigate. Serba fans accept it or not, as long as there is no answer from any party besides of Serba, this case mostly is guilty until proven innocence.

2 Like · 3 years · translate

Sharon Chong

Heh guys! Block 7 Investments deleted it's company contact number already! Oh no, is Karim reading our comments here..?

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Sharon Chong

http://www.block7investments.com/

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Sharon Chong

Looks like someone is wiping off the evidence at the crime scene..

4 Like · 3 years · translate

Sharon Chong

Efire Capital contact number also deleted! haha.. This is one of the points kpmg highlighted, now they are cleaning off the crime scene..

https://efirecapital.com/contact/

I wonder if they will delete all the related websites next week..

5 Like · 3 years · translate

tony wang

Sharon Chong
Both efirecapital and Block 7 apparently belongs to karim, you can even find karim's photo (vice president) at efirecapital website.
As you mentioned the contract was awarded to serba by karim's block 7. No one know the details yet. Then suddenly this year we seen the news of Zonescorp signed an agreement with Block 7. Whether both projects are related or not, time will tell.

1 Like · 3 years · translate

tony wang

Apparently by the look of it, it looks like Karim use Block 7 and efire capital to JV with Zonescorp, and then contract awarded to Serba. Whether where the money came from, just let the authorities investigate.

And if karim is the vice president of Efire, who is the president?
A lot more details will be reveal I think if he is really making any fraud or wrongdoings this project.

Time will tell.

1 Like · 3 years · translate

Peter Mueller

You guys grab the latest the edge weekly page 58. Quoted from the edge; Karim denies he controls block 7, saying there is no related-party transaction.

2 Like · 3 years · translate

Keith Liu

Why block 7 last year announced but after 1 year only sign agreement?

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tony wang

Good point, if he is not control Block 7, then who control? even the zonescorp projects news said Karim from Block 7, unless there is another individual who is the real boss behind the scene.

As I mentioned, Karim is also the vice president of efire capital, there must be a president right?

1 Like · 3 years · translate

tony wang

Keith Liu
No idea but maybe covid pandemic is part of the reason but I think I seen picture of Karim and the representative from Zonescorp signed the agreement.
Is he allowed to leave Malaysia during mco 2.0? (since the news is from April 2021)

1 Like · 3 years · translate

Sharon Chong

Peter Mueller, he can say anything I guess.. But whether to believe in him now it's up to the investors..

Don't you think it's really funny Block 7 and Efire Capital shares the same company contact number (But just deleted everyone knows why...), both companies use secondary-school-student-design websites with no contents, and Karim wants to convince us these are the companies that award billion-dollar project and he has nothing to do with Block 7..

2 Like · 3 years · translate

Sharon Chong

Tony, exactly! Previously as we read all the news said Karim is from Block 7!! Now he is denying it! Oh my...

1 Like · 3 years · translate

tony wang

Sharon Chong
Its obvious both Block 7 Investment and efire capital are related, both are karim's. Just if he is the vice president, who is the president?
If karim said he didn't control Block 7, then that "president" should be the one who control right?
The design of website mean nothing because a lot of "planned projects" website are just like that. (u check malaysia's one).

1 Like · 3 years · translate

Peter Mueller

Precisely why delete the contact number if you did nothing wrong? Check fdds.ae that awarded serba with 1 bil contract. Contact number still there. Exactly same number as efire and block 7...

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Sharon Chong

Totally agree Peter... Future Digital Data Systems (FDDS), Efire Capital and Block 7 Investments shared the same company telephony number... This alone already tell us they are all under Karim...

So Karim (3 companies in Middle East) gives projects to Karim (Serbadk in Malaysia)...

Now i guess we know why he keeps on doing private placement...

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tony wang

Peter mueller

That's why I said, all these companies/groups should be related. Common sense if someone wanted to cheat, he would have register more numbers so public wouldnt so easy to find out the suspicious part of whole saga.
Like the companies raised by kpmg there are some sharing same addresses. That also could be one of the possibilities. No idea why they deleted the numbers but it's obvious these groups must be linked.

1 Like · 3 years · translate

tony wang

From my point of view, there is one individual behind the scene, since Zonescorp is involved in that block 7 hubs, i guess their government is also part of it. Since serba said they already sent a team to UAE to finalize this project planning, and will start this project this year.
We shall just wait and see.

1 Like · 3 years · translate

Victor Yen

it involved some bigger boys
....... a time bomb to expose those behind it.

1 Like · 3 years · translate

Danny Tay

Established in 2020, Efire Capital Holdings Limited is a Private Limited Company based in Abu Dhabi, United Arab Emirates. The organisation is owned by Emirati based enterprises. The organisation operates in the Nonequity Investment Instruments sector.

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Peter Mueller

Why Apr 20 they informed investors it's a US-based Block 7?
It was non-related party transaction.
Foreign news 25 Apr 21 telling Block 7 is jv btw efire and serba.
Efire & Block 7 llc also sharing same office address Marina Plaza 331 Sultan Bin Zayed The First street 3 Floor, Office 301. Please search.

1 Like · 3 years · translate

Danny Tay

https://clarifiedby.diligenciagroup.com/company/summary/3881546-efire-capital-holdings-limited/...

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Danny Tay

EFIRE CAPITAL HOLDINGS LIMITED, HEADQUARTERED IN ABU DHABI, IS A STARTUP INVESTMENT COMPANY WITH A FOCUSED APPROACH ON INVESTING IN THE FUTURE OF INNOVATION AND TECHNOLOGY. A joint venture of Liwa Investment Holding of Abu

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Danny Tay

http://liwainvestment.ae/

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Sharon Chong

Peter Mueller, I guess that's why kpmg also 'malas' to answer Serbadk... Too obvious isn't it..

2 Like · 3 years · translate

Danny Tay

these 3 links would tell something about Block 7 and efire capital...

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tony wang

Sharon Chong
as a professional audit firm, somemore as a big 4, they can't just "malas" to layan. and at the moment they are still in the progress to verify the accuracy and details of those issue raised.

Even if karim has a role in these companies that give contracts to serba, and if these contracts are valid and genuine, i would say it might be called as an element of conflict of interest.
it would be much worse if serba is the one who awarded projects to these companies instead right? Haha.

1 Like · 3 years · translate

Sharon Chong

Tony Wang, the thought actually went acrossed my mind too.. haha.. who knows maybe Karim has been using the money from bonds, borrowings and private placements (perhaps also the money he gained from share market/selling warrants) to award projects to Serbadk..

That's why I say Karim to Karim, left hand to the right

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tony wang

Block 7 Investment llc maybe existed years ago, and this JV project with their gov called block 7 innovation hub, could be planned years ago. Another possibility is that maybe Karim use his foreign relations to get contracts, then these companies give the contracts back to serba. Serba not enough money to operate, how? Private placement lo.

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Sharon Chong

Looks like the Edge also shares the same concern like us..

"Meanwhile one of Serba Dinamik’s largest jobs to date — a RM7.7 billion contract for engineering, procurement and construction of innovation hub, academic campus, related facilities and infrastructure in Abu Dhabi awarded by Block 7 Investments LLC and secured in April 2020 — has also come under the spotlight, with questions of who actually controls Block 7, and if it is linked to Abdul Karim." - The Edge

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Sharon Chong

https://www.theedgemarkets.com/article/so-much-going-will-serba-dinamik-ever-regain-its-lost-lustre

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Danny Tay

why nobody speaks about LIWA investment whom is the JV partner to efire capital, in turn this JV funds Block 7 ?

1 Like · 3 years · translate

tony wang

Sharon Chong
Of course everyone concern if these so called projects turned out to be fraud.
But karim need to clarify that these projects are indeed genuine and he actually using these companies to get projects from their gov/zonecorps as they cannot directly award to serba.
(bit like MY la).
I feel karim alone cannot do so much, perhaps there is one more individual (probably from their country).
Time will tell

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tony wang

Danny Tay
No details yet as the jv agreement between Zonescorp and block 7 doesn't reveal too much. Could be a possibility too.

1 Like · 3 years · translate