Posted by duatlai > 2024-07-16 10:51 | Report Abuse

The financial health of Talamt is in a grey area by siphoning money out through it's subsidiaries!
One with religion in mind wouldn't have dragged the public money to losses for decades.
An honest religious person should bow to God and admit it!
So that others with calibre can transform in matter of 2 or 3 years.

Posted by duatlai > 2024-07-16 10:59 | Report Abuse

May I invite the Pastor Calvin Tan to comment more for he is involved religious ministry.

Posted by whistlebower99 > 2024-07-16 11:02 | Report Abuse

FOR NEWBIES

HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI.
This announcement is dated 15 July 2024.

================

List of high NOSH penny stocks with shares consolidation :-

2024 in progress - HM, MQTECH, XOX, VIZIONE, KGROUP
2024 completed - DESTINI, AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

Retail investors trapped at high price incurred huge losses caused by share consolidation

Posted by BurungPipit > 2024-07-16 12:31 | Report Abuse

I bought at 1.5sen, sold at 2.5sen lunch money earned....

Posted by duatlai > 2024-07-24 20:19 | Report Abuse

Just let go Talam for the board is earnings without a will and visions to perform the transformation for ages. Talam shareholders will forgive those who do not know what he doing!
What's go round will come around!
Is it fair/ SIN to lock public money?

Posted by duatlai > 2024-07-24 20:20 | Report Abuse

We have been holding the shares for decades

Posted by lassy > 2024-07-25 09:48 | Report Abuse

Will have to wait until the CHEW family bought ALL the 0.015sen placement shares @ 2sen & 2.5sen. a when their shareholding will increase to over 33% they will offer a GO @ 3sen but if buying the 10% placement shares by PROXY is another story.The CHEW family does not intend to reward shareholders from the start after recovering from almost BANKRUPTCY, thanks to LATE MB Khalid and IJM boss. A go @ 3sen is 50% above the closing price of 2 sen or 30% above the closing price of 0.025sen so must see out the sendiwara play out in future but they also cannot make it too obvious to look like a scheming fraudulent play.

Posted by lassy > 2024-07-25 09:57 | Report Abuse

As the saying go WHY SHARE THE FRUITS WITH OTHERS ? when we can have them ALL by ourselves .A GO @ 3sen or 0.35sen won't benefit alot of shareholders except the CHEW FAMILY.

Posted by lassy > 2024-07-25 10:03 | Report Abuse

Another scenario can happen, this coming quarter result next month will be BAD so someone is going to press and dumb the shares @ 2 sen ,the CHEW family will pick them all up and give a GO @ 0.025sen or maybe 3 sen.WHO WIN at this miserable 2 to 3 sen TALAM shares price ?

Posted by duatlai > 2024-07-25 11:25 | Report Abuse

Talamt is out of PN17 without white knight through his praying and he manage Talamt in very religious way according to the video posted by Mr. Calvin.( YouTube) available

Posted by lassy > 2024-07-25 15:52 | Report Abuse

How can TALAM mix business with religion ,just look at the BIG RED CROSS at Talam logo with incidentally look like the cross hanging on a building looking like a church.One day a Muslim scholar noticing the logo might decided to report to the Russian Trained Doctor to start the BOYCOTTING procedure.As we know Mcdonald , Starbuck and KK Mart are still not able to recover from it until today.Muslim scholar who reported this type of incident get good credit from the MUSLIM COMMUNITY and become a HERO overnight so TALAM management better consider doing something about it.Maybe the Chew family can make some money out of it by REQUESTING for A GO and later sell the land to somebody else without the LOGO baggage,

Posted by StartOfTheBull > 2024-07-26 11:06 | Report Abuse

If no better management soon it will become Tanam.

Posted by calvintaneng > 2024-07-30 10:51 | Report Abuse

Good news for Talam

Ecrl will pass through Serendah and Gombak

https://theedgemalaysia.com/node/720864

Posted by lassy > 2024-07-31 16:01 | Report Abuse

Calvin as u know this Serendah and Gombak r majority MUSLIM area so with a CROSS in the LOGO ,how can the Muslim sign on the dotted line in the S & P agreement. The management need to do something before some EXCITED MUSLIM shout BOYCOTT

Posted by calvintaneng > 2024-08-05 22:21 | Report Abuse

TALAM (2259) SELLING ASSET TO UNLOCK CASH PLUS RM26.6 MILLION PROFIT (ASSET PLAY IN MOTION) Calvin
Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-05-story-h-155111623-TALAM_2259_SELLING_ASSET_TO_UNLOCK_CASH_PLUS_RM30_MILLION_PROFIT_ASSET_

Posted by dompeilee > 2024-08-11 07:57 | Report Abuse

Talam shld change name to TENGGEalam! 😆 Siasuay condemned ever since you-know-who infected it in 2017!

Posted by duatlai > 2024-09-02 10:48 | Report Abuse

Tanam top volume

Posted by Bull13 > 2024-09-02 12:01 | Report Abuse

TALAM....Calvin POWER!! 💪💪

Posted by duatlai > 2024-09-02 13:15 | Report Abuse

Late Mr Chan wishes to revive Tanam failed!
The pair of who subscribed to PP at Rm 0.18 maybe undergoing distribution

Posted by Seeking > 2024-09-02 13:31 | Report Abuse

Need lots of patience. Finally moving.

Posted by Bull13 > 2024-09-02 23:23 | Report Abuse

The shares are now in Mrs Chan's hands. Different player. Different moves. Talam will be transformed.

Posted by duatlai > 2024-09-03 14:55 | Report Abuse

Most of the die hard shareholders may not be around anymore to see the transform.
The Cursed Tanam Bursa

Posted by Seeking > 2024-09-03 15:02 | Report Abuse

Lassy, now buyer 0.03!

Posted by lassy > 2024-09-13 11:32 | Report Abuse

Having been here for a long time after selling off some at 0.025 sen so the remaining shares will keep for it to rise above 5 sen. Just manage to make a VERY SMALL profit after manage to buy some at 0.015 sen when the window open for a 15 minutes 0.015 selling transaction.When Mr Market shot up again it will begin with BANK SHARES it happens most of the times and in fact in ALL STOCK MARKET around the world because most of them are INDEX related stocks but most are quite EXPENSIVE like JP Morgan , Hong Leong Bank etc and Cheaper one like MBSB will follow at a slower pace.Pls be remind there is a good investment outfit MIDF park under MBSB which make TON OF MONEY

Posted by duatlai > 2024-09-17 13:39 | Report Abuse

Talam transform failed, the board of directors must be either blind or deaf (Oku) dragging for the purpose of remuneration

Posted by duatlai > 2024-09-17 13:41 | Report Abuse

Chan failed Talam transform by FAITH (Religion)
He failed Talam transform by FACT( Science)

Posted by lassy > 2024-09-17 18:37 | Report Abuse

TALAM with a enlarge share capital base of about 4.8 BILLION shares and a market cap of RM140 million, is the company worth RM230 million if the share price move up to 5sen with not much activities and launching of new development project going foward ,if it is really that good IJM or POS Malaysia the top 20 shareholders of Talam will have taken up the 10% placement share , please remind that TALAM still owe INSAS a substantial sum of money payable soon .

Posted by lassy > 2024-09-17 18:41 | Report Abuse

Actually Talam is digging a bigger hole to fill up a smaller hole with HIGH INTEREST RATE and this is certainly a very BAD BUSINESS PRACTICE not favourable to minority shareholders,that is why I have already liquidated 90% of my shareholding in TALAM.

Posted by whistlebower99 > 2024-09-27 19:22 | Report Abuse

FOR NEWBIES

TALAM TRANSFORM BERHAD ("TALAM" OR THE "COMPANY")

(I) PROPOSED SHARE CONSOLIDATION;
(II) PROPOSED PRIVATE PLACEMENT;
(III) PROPOSED SHARE CAPITAL REDUCTION;
(IV) PROPOSED DISPOSAL; AND
(V) PROPOSED ESOS

MULTIPLE PROPOSALS | https://www.klsescreener.com/v2/announcements/view/7979735

========
Shares consolidation then followed by massive shares issuance to PP and ESOS.

Posted by Bull13 > 2024-09-28 08:50 | Report Abuse

Share consolidation 5 become 1. Capital reduction. Private placement...RUN!!....

Posted by Income > 2024-09-28 08:56 | Report Abuse

https://youtube.com/shorts/TYUcRz2MunE?si=I-g2a2Bm4nvjIHtW

Posted by whistlebower99 > 2024-10-01 12:40 | Report Abuse

FOR NEWBIES

TALAM TRANSFORM BERHAD (TALAMT) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to PP, ESOS.
This announcement is dated 27 Sep 2024.

================

List of high NOSH penny stocks with shares consolidation :-

2024 in progress - TALAMT, HM, VIZIONE, KGROUP
2024 completed - MQTECH, XOX, DESTINI, AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

Retail investors trapped at high price incurred huge losses caused by shares consolidation

Posted by lassy > 2024-10-01 19:19 | Report Abuse

Share consolidation is GOOD but timing is very important and if every proposals by TALAM is executed nicely and completed when the market is GOOD, Talam share price will go up BEYOND the MARKET CAP. before the proposal is executed .

Posted by lassy > 2024-10-01 19:27 | Report Abuse

If you have bought TALAM above 5 sen then whatever plan propose you still lost.Just calculate the market cap.of TALAM and see if the price justify..For Talam to go back to 10sen a piece now the market cap.is about RM500.00 million,I don't think it is worth that.

Posted by Good123 > 3 weeks ago | Report Abuse

2259 TALAMT TALAM TRANSFORM BERHAD
General Meetings: Notice of Meeting
52047
Indication: Notice of Meeting
Description: (I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED PRIVATE
PLACEMENT;(III) PROPOSED SHARE CAPITAL REDUCTION;(IV) PROPOSED DISPOSAL;
AND(V) PROPOSED ESOS.(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Date of Meeting: 15/01/2025
Time of Meeting: 11:30 AM
Venue: Capredoca Grand BallroomLot 1.01, Level 1, Menara MaxisegarJalan Pandan
Indah 4/2, Pandan Indah55100 Kuala LumpurMalaysia
Date of General Meeting Record of Depositors: 08/01/2025
Outcome of Meeting:

You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

20/12/2024 07:00 AM

Posted by Good123 > 3 weeks ago | Report Abuse

2.5sen x 5 = 12.5sen after consol

PROPOSED CONSOLIDATION OF EVERY FIVE (5) EXISTING ORDINARY SHARES IN TALAM
(“TALAM SHARE(S)” OR “SHARE(S)”) HELD BY THE SHAREHOLDERS OF TALAM ON AN
ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (“ENTITLEMENT
DATE”), INTO ONE (1) TALAM SHARE (“CONSOLIDATED SHARE(S)”) (“PROPOSED SHARE
CONSOLIDATION”)
“THAT subject to the approvals of all relevant parties and/or authorities being obtained (if required),
approval be and is hereby given to our Company to give effect to the consolidation of every 5 existing
Shares held by the entitled shareholders of our Company whose names appear on the Record of
Depositors of our Company as at the close of business on an entitlement date to be determined by the
Board of Directors of our Company (“Board”) and announced later by our Company into 1 Consolidated
Share;
THAT the Consolidated Shares shall, upon allotment and issuance, rank equally in all respects with one
another and that the fractional entitlements arising from the Proposed Share Consolidation shall be
disregarded and/or dealt with by the Board in such manner at its absolute discretion as it may deem fit
or expedient and in the best interest of our Company;
AND THAT the Board be and is hereby authorised with full power to do all such acts, deeds and things
and to execute and deliver on behalf of our Company all such documents and/or agreements as the
Board may deem fit, necessary or expedient or appropriate in the best interest of our Company, in
order to finalise, implement and/or give effect to the Proposed Share Consolidation with full power to
assent to any terms, conditions, modifications, variations and/or amendments as may be imposed or
required by the relevant authorities.”

Posted by Good123 > 3 weeks ago | Report Abuse

Construction and property development company MGB Bhd (KL:MGB) said it will undertake mixed development and residential projects on 26 acres of land in Taman Bukit Serdang, Seri Kembangan with a combined gross development value (GDV) of RM861.35 million.

The company, which is 57.98%-owned by LBS Bina Group Bhd (KL:LBS), said it is teaming up with Talam Transform Bhd (KL:TALAMT) to develop 16.5 acres of land for a mixed development project that includes commercial shop lots and affordable housing under the Rumah Selangorku scheme.

MGB also signed a deal with Kandis Permai Sdn Bhd to develop 9.5 acres of Malay reserved land in the area into residential units exclusively for Bumiputera homeowners, the company said in a statement.

“We are excited to contribute to addressing the growing need for affordable housing in the Klang Valley while expanding our portfolio across both residential and commercial properties,” said MGB executive chairman Tan Sri Dr Lim Hock San.

“Through our developments, we incorporate IBS (industrialised building system) precast concrete technology, which is both efficient and cost-effective, delivering high-quality and comfortable homes. With each successful development, we move closer towards achieving our commitment to build up to 10,000 units of Rumah Selangorku within the state of Selangor,” he said.

With a construction order book of RM1.19 billion and unbilled property development sales amounting to RM693 million from ongoing projects as of Sept 30, along with the recent delivery of vacant possession for Idaman BSP, Lim said MGB is well-positioned for sustained growth in the second half of the year.

He added that MGB's 19 ongoing projects are expected to generate an estimated future revenue of RM4.02 billion in the coming years.

“Additionally, we have acquired 32 acres of land in Puchong to further replenish our existing land bank for future development projects. We remain committed to strengthening our reputation in the development and construction of affordable housing for all citizens,” he added.

Shares of MGB closed unchanged at 81.5 sen on Thursday, giving the company a market capitalisation of RM482.2 million.

Posted by Good123 > 3 weeks ago | Report Abuse

Property developer Talam Transform Bhd (KL:TALAMT) said it plans to dispose of a 27.72-acre piece of land in Sepang to a unit of IJM Corp Bhd (KL:IJM) as partial debt repayment.

In a bourse filing, Talam Transform said its wholly owned subsidiary Talam Leisure Development Sdn Bhd (TLDSB) has agreed to sell the land to Ever Mark (M) Sdn Bhd (EMSB), a wholly owned subsidiary of IJM Properties Sdn Bhd. IJM Properties is a wholly owned unit of IJM Corp.

The deal involves the setting off of RM66 million of indebtedness, and a RM18 million interest waiver on the debt owed by Talam Transform to IJM Properties.

A variable entitlement of 30% of the profit after tax from EMSB’s project development will be payable to TLDSB, whereby a RM10 million sum will be payable to TLDSB over a 24-month installment period, commencing from the first sales launch of the project, said Talam Transform.

The land disposal, which is subject to approval from Talam Tranform's shareholders and relevant authorities, is expected to be completed in nine to 12 months, the loss-making group said.

The deal is expected to generate a net profit of RM30.26 million for Talam Transform, the group said.

In 2024, Talam Transform had successfully negotiated with IJM Group to extend the repayment of RM235.76 million owed to IJM by two years to May 2026, Talam Transform’s 2024 annual report showed.

Talam Transform saw its borrowings increase 60.45% to RM50.78 million as at March 31, 2024 (FY2024), from RM31.65 million FY2023. This translated to a net gearing of 0.18 times in FY2024, compared to 0.09 times in FY2023.

Posted by Good123 > 3 weeks ago | Report Abuse

A new beginning in 2025. 😁😃

[TALAMT] EGM on 15-Jan-2025
Stock
[TALAMT]: TALAM TRANSFORM BERHAD
Announcement Date
20-Dec-2024
Reference No.
GMA-13122024-00003
Corporate Action ID
MY241213MEET0003
Type
EGM
Date & Time
15-Jan-2025 11:30
Depositor Date
08-Jan-2025
Venue
Capredoca Grand Ballroom Lot 1.01, Level 1, Menara Maxisegar Jalan Pandan Indah 4/2, Pandan Indah 55100 Kuala Lumpur
Description
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED PRIVATE PLACEMENT; (III) PROPOSED SHARE CAPITAL REDUCTION; (IV) PROPOSED DISPOSAL; AND (V) PROPOSED ESOS. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Posted by Good123 > 3 weeks ago | Report Abuse

The Extraordinary General Meeting (EGM) of Talam Transform Berhad (TALAMT), scheduled for January 15, 2025, presents a set of strategic proposals that could significantly benefit the company and its stakeholders. Here's why these proposals are a positive move for TALAMT:

1. Proposed Share Consolidation
Rationale: Share consolidation reduces the total number of shares outstanding by consolidating multiple shares into one, often boosting the stock price. This could make TALAMT more attractive to institutional investors, enhance liquidity, and improve its market perception. It also helps reduce share price volatility.
Long-Term Value: By consolidating shares, TALAMT may position itself for a more stable and stronger stock price performance, improving investor confidence and aligning the stock with larger peers.
2. Proposed Private Placement
Fundraising for Growth: A private placement allows TALAMT to raise capital from selected investors, which could be used for expansion, debt reduction, or strategic investments. This approach is quicker and often more flexible than public offerings, enabling TALAMT to tap into fresh funding without excessive dilution of existing shareholders' equity.
Strategic Partnerships: The placement could also attract strategic investors who bring value beyond capital, such as industry expertise or market access, further strengthening TALAMT's competitive position.
3. Proposed Share Capital Reduction
Enhanced Capital Efficiency: Reducing share capital can be a way to improve the company’s financial position, especially if it involves reducing accumulated losses. This can help the company streamline its balance sheet, increase its net assets per share, and potentially lead to a better valuation.
Improved Return on Equity (ROE): By reducing the number of shares, TALAMT could potentially increase its ROE, making it more attractive to investors seeking efficient capital use and higher returns.
4. Proposed Disposal
Strategic Asset Management: The disposal of non-core or underperforming assets allows TALAMT to focus on its key business areas, improve operational efficiency, and unlock cash for reinvestment into higher-value projects. This streamlining of assets can lead to stronger focus and better resource allocation.
Debt Reduction and Increased Liquidity: Proceeds from the disposal could be used to reduce debt or invest in growth opportunities, improving the company’s financial health and supporting its long-term growth trajectory.
5. Proposed Employee Stock Option Scheme (ESOS)
Incentivizing Employees: An ESOS is a powerful tool to align the interests of employees with those of shareholders, encouraging them to contribute to the company’s growth. By granting stock options, TALAMT can attract, retain, and motivate key talent, which is crucial for driving innovation and executing strategic plans.
Long-Term Value Creation: The ESOS helps in building employee loyalty and incentivizing performance. It also ensures that employees benefit from the company’s growth, creating a sense of ownership and responsibility.
Conclusion:
The proposals outlined for TALAMT's EGM on January 15, 2025, present a strong strategic direction for the company. The combination of share consolidation, private placement, share capital reduction, asset disposal, and ESOS can enhance TALAMT's financial strength, improve investor confidence, streamline operations, and align employee interests with company goals. These actions collectively position TALAMT for sustainable growth, improved market standing, and long-term shareholder value.

Posted by Good123 > 3 weeks ago | Report Abuse

Special Tribute to The Late Tan Sri Dato’
(Dr) Ir Chan Ah Chye
We were deeply saddened with the loss of our late Tan Sri Dato’ (Dr) Ir Chan Ah Chye (“Tan Sri Chan”) who has
passed away peacefully on 11th June 2024.
Tan Sri Chan was a man of great intelligence, grit and was passionate in everything he did. He started his first
property development project known as Pandan Jaya in 1984 and further expanded to Pandan Indah and Pandan
Perdana respectively, which was named “Pandan Triangle” within a short time span of 5 years.
He then successfully accomplished a reverse takeover of Talam Corporation Berhad on 15th October 1990, a
company which he subsequently renamed, Talam Transform Berhad (“Talam”) by injecting Maxisegar Sdn Bhd
into it in exchange for 68,300,000 of Talam’s ordinary shares. The paid-up capital for Talam before the takeover
exercise was RM5,040,000 and it has grown many folds as at to date.
The golden thread that ran long through his life was his commitment to and passion in township development
with affordable housing. During his 40 years in property development businesses and before Talam went into dire
financial challenges in 2006, he had built more than 250,000 units of affordable homes consisting of low-cost
flats, apartments and terrace houses ranging from only RM25,000 to RM300,000 per unit. His involvement in
the affordable housing scheme program had indirectly benefited many B40, M40 and the poor, enabling them to
secure a roof over their heads.
Talam went into a financial crisis in 2006 and even when all seemed hopeless, he did not walk away but instead,
made every effort to settle with almost all the creditors over the years. Despite Talam being in financial distress,
Tan Sri Chan was resourceful, firm in his resolve and steadfast in advancing his cause by creating win-win solutions
for all parties, moving to foster positive relationships, but ultimately with the objective to fully settle all of Talam’s
debts one day. Through his sheer tenacity and single-minded effort, Talam’s indebtedness has been progressively
reduced from the peak of RM3 billion in year 2005 to less than RM0.4 billion as at to date. Had he not been firm in
that commitment, or hesitated or wavered in those dark days of Talam, the fate of Talam would have turned out
quite differently today.
Tan Sri Chan cared deeply for all his employees and his priority had always been for their welfare and wellbeing. He
was concerned for his employees not just in the abstract, but personally and individually. All of Talam’s employees
will remember him as a generous and kind-hearted leader, especially by his portrayal on the art of giving.
As the Company bids farewell to our beloved Tan Sri Chan, all members of his corporate family will dearly miss
him. His legacy will continue to echo in the hearts of fellow directors, the management and employees of Talam.
We will never forget his generosity and contributions to the Company and to society. It is now our duty to continue
carrying his entrepreneurial and philanthropic spirit, so that we can contribute to the change that we wish to see
in this country. Lastly, we would like to convey our deepest condolences to the family of the late Tan Sri Chan, may his soul rest in
peace and his sharing of knowledge as well as wisdom be embedded as a guiding star to us, for preparing Talam,
one of Tan Sri Chan’s greatest legacies, to continue beyond him.

Posted by Good123 > 3 weeks ago | Report Abuse

Talam won court case😉

Fraudulent Trading: Dishonesty is a Key Element
June 2024

In a claim for fraudulent trading under s. 540 of the Companies Act 2016, an essential ingredient of establishing liability is an ‘intent to defraud creditors’. The phrase ‘intent to defraud creditors’ is not defined in the statute. However, the jurisprudence has established that the element of dishonesty is key to finding fraud or intent to defraud and whether dishonesty exists is a question of fact.

In Universal Health Care (R&D) Sdn Bhd (formerly known as SSI Health Care Sdn Bhd) v Ramli Bin Md Saleh & Ors [2023] MLJU 1783, the plaintiff claimed that Talam Transform Berhad (Talam), being the sole shareholder of Pandan Indah Medical Management Sdn Bhd (PIMM) and having absolute control over PIMM’s affairs, sold a hospital owned by PIMM and moved the monies out of PIMM to avoid paying the plaintiff under a consent judgment with PIMM and to rescue Talam from its commercial insolvency. The plaintiff contended that Talam ought to be made liable for PIMM’s debt owed to the plaintiff because the disposal of the property was a business of PIMM which was carried out with intent to defraud the plaintiff as a creditor of PIMM or for a fraudulent purpose.

The High Court observed that the Plaintiff’s case is primarily founded on the entries in PIMM’s financial statements showing (1) PIMM’s property was pledged or charged for the Sukuk financing undertaken by Talam; (2) the proceeds of the sale were utilised to partially redeem the Sukuk on behalf of PIMM and three other participating related companies; (3) because the proceeds were ‘used’ by the other Sukuk entities, entries were inserted into PIMM’s financial statements to reflect these sums as advances owing to PIMM from these entities; (4) during this time, Talam was in severe financial difficulties, under PN17 and in the process of implementing a regularisation plan; (5) PIMM’s directors did not make a provision for doubtful debts as they were confident that once Talam regularised its financial position, it would ‘settle’ these debts; and (6) PIMM, however, subsequently undertook an assignment and waiver exercise resulting in the amounts owing to PIMM by Talam and its related companies being written off or waived.

Both sides called accounting experts to assist the Court on the interpretation of the financial statements, particularly concerning the key issue of whether the proceeds from the disposal of the property belonged to PIMM. The High Court accepted the evidence of Talam’s expert that (1) the proceeds from the disposal of PIMM’s property did not belong to PIMM. This is because under the Sukuk, the ownership right of the property had already been conveyed to the Sukuk holders upon issuance of the Sukuk; (2) the proceeds from the disposal of the property were deposited into the Sukuk collection account operated by the facility agent for the purpose of redemption of the Sukuk for the benefit of the Sukuk holders and did not belong to PIMM; (3) Talam and its related companies did not receive money as advances from PIMM; (4) the accounting entries were made to reflect the default descriptions in PIMM’s financial statements to merely record the application of the sale proceeds by the facility agent pursuant to the terms of the Sukuk; (5) the disposal of the property was approved by the Sukuk holders, the Sukuk trustee and the Securities Commission subject to the proceeds from the disposal being utilised for the redemption of the Sukuk before any surplus is made available to the original vendor, PIMM. As there was no surplus from the disposal after redemption, then there were no proceeds available to PIMM and for PIMM to advance to Talam and its subsidiaries; and (6) the waiver of the debts was part of the internal settlement exercise and are not uncommon, especially between holding companies and their subsidiaries and related companies.

The High Court found that the plaintiff has failed to prove that Talam had carried out the business of PIMM with intent to defraud the creditors of PIMM. There is no proof of any act of dishonesty on the part of Talam. The decision was upheld by the Court of Appeal on 27.5.2024.

Our Kelvin Seet Wan Nam and Dennis Yuean Jin Han represented Talam in the High Court.

Posted by Good123 > 3 weeks ago | Report Abuse

talam, banyak tanah, higher inflation next year, baik ... tanah untuk data centres, dll... selepas chan mati, talam baru mau transform 2025 timing betul

Posted by Good123 > 3 weeks ago | Report Abuse

List of Top 10 Properties
No.
+ Registered
# Beneficial
Owner Location
*Acreage/
**Built up
area (sq.
ft.)
(Nett Area)
Description/
proposed
development
Date of
Acquisition Tenure Expiry
Approximate
age of the
building
(Years)
Net Book
Value/ Net
Carrying
Value as at
31/03/2024
(RM’000)
1 Talam Leisure
Development
Sdn Bhd
# Mukim Dengkil,
Daerah
Sepang, Taman
Putra Perdana,
Puchong,
Negeri Selangor
*66.78 Development of
residential
and
commercial
properties
05/02/2015 99 years
Leasehold
19/10/2093 N/A 109,603
2 Europlus
Berhad
+ Mukim Ulu Yam,
Daerah Ulu
Selangor,
Bukit Beruntung 3,
Negeri Selangor
*183.08 Residential,
Industrial and
Bukit
Beruntung III
18/12/1991 Freehold N/A N/A 88,100
3 Cekap
Tropikal
Sdn Bhd
# Mukim of Batu,
District of
Gombak, State of
Selangor
*50 Mixed
Development
05/03/2007 99 years
Leasehold
24/02/2105 N/A 70,000
4 Europlus
Berhad
+,
#
#
Mukim Serendah,
Daerah Ulu
Selangor,
Bandar Bukit
Beruntung,
Negeri Selangor
Mukim Serendah,
Daerah Ulu
Selangor,
Bandar Bukit
Sentosa,
Negeri Selangor
*134.49
*15.13
*6.29
Township
Development
Bukit Beruntung
Bukit Sentosa III
Development of
industrial,
residential and
commercial
development
17/02/2015
13/05/2019
17/03/2020
Freehold
Freehold
Freehold
N/A
N/A
N/A
N/A
N/A
N/A
38,197
5,270
8,080
5 Abra
Development
Sdn Bhd
+ Menara
Maxisegar, Jalan
Pandan Indah 4/2,
Pandan Indah,
55100 Kuala
Lumpur
**365,029 Menara
Maxisegar
24-storey
commercial
complex
22/06/1995 99 years
Leasehold
03/04/2094 25 46,232
6 Zhinmun Sdn
Bhd
+ Mukim of Batu,
District of
Gombak, State of
Selangor
*50 Mixed
Development
08/02/2006 99 years
Leasehold
23/12/2103 N/A 36,000
7 Inti Johan
Sdn Bhd
# Pandan Kapital
Shopping Mall,
Jalan Pandan
Utama,
Pandan Indah,
55100 Kuala
Lumpur
**177,471 Pandan Kapital
Shopping
Mall
09/03/2005 99 years
Leasehold
24/03/2101 24 24,592
Annual Report 2024179
No.
+ Registered
# Beneficial
Owner Location
*Acreage/
**Built up
area (sq.
ft.)
(Nett Area)
Description/
proposed
development
Date of
Acquisition Tenure Expiry
Approximate
age of the
building
(Years)
Net Book
Value/ Net
Carrying
Value as at
31/03/2024
(RM’000)
8 Good Debut
Sdn Bhd
+ Mukim Hulu
Kelang,
Daerah Gombak,
Negeri Selangor
*4.99 100 units
Terraced Lots
17/11/2006 99 years
Leasehold
22/06/2114 N/A 21,213
9 Pintar Arif
Sdn Bhd
+
+
Mukim Hulu
Kelang,
Daerah Gombak,
Negeri Selangor
Mukim Hulu
Kelang,
Daerah Gombak,
Negeri Selangor
*3.97
*4.81
26 units Semi-
Detached
House
302 units
Medium Cost
Apartments
23/02/2012
23/02/2012
99 years
Leasehold
99 years
Leasehold
04/10/2100
04/10/2116
N/A
N/A
13,505
10,053
10 Talam
Transform
Berhad
+ Mukim Serendah,
Daerah Ulu
Selangor,
Bandar Bukit
Sentosa
Negeri Selangor
*44.85 Bukit Sentosa III
Development of
industrial,
residential and
commercial
development
29/10/1994 Freehold N/A N/A 17,470
List of Top 10 Properties

Posted by Good123 > 3 weeks ago | Report Abuse

Prospects of Talam Group
As at 31 March 2024, our Group has an existing strategic land bank with gross land area of
approximately 840 acres of development lands in the State of Selangor. The Group has two
new housing projects located at Ukay Perdana, Ampang Ulu Kelang. The development project
consists of 260 units condominium, 60 units of RSKU and 26 units semi-detached houses, in
which all development order, infrastructure and building plan have been approved by the
authorities. The strategic choice landbank of our Group positions to propel the future growth
of our property development for the next 10 years. Talam has two future residential
development projects, Selayang Green I and Selayang Green II. Both projects are located in
Mukim of Batu, Gombak, Selangor with an estimated GDV of RM696 million and RM746 million
respectively.
Selayang Green I
Selayang Green I is a residential development project undertaken by Untung Utama Sdn Bhd
and implementation is expected to be over a period of seven years. The development is
currently awaiting the endorsement of the detailed development planning approval. The
Kebenaran Merancang Pelan Induk was approved for 1000 units of high-cost apartment and
1000 units of RSKU. The estimated GDV of the project is RM696 million and the GDC of the
project is estimated to be around RM523 million

Posted by Good123 > 3 weeks ago | Report Abuse

Talam can do the same

KUALA LUMPUR (Dec 27): Crescendo Corporation Bhd (KL:CRESNDO) reported a more than fivefold increase in net profit for its third quarter, driven by data centre land sales in Nusa Cemerlang Industrial Park (NCIP) in Iskandar Puteri, Johor.

The Johor-based property developer recorded a net profit of RM103 million for the quarter ended Oct 31, 2024 (3QFY2025), compared to RM18 million a year earlier, according to a bourse filing on Friday.

This translated to earnings per share of 12.28 sen, up from 6.43 sen. No dividend was proposed for the quarter.

Posted by Good123 > 2 weeks ago | Report Abuse

Friday, 30 Aug 2024
5:52PM
TALAMT LIAU YOKE LEANG (429,000,000 units Acquired)
5:52PM
TALAMT LOY BOON CHEN (429,000,000 units Acquired)
Monday, 26 Aug 2024
5:30PM
TALAMT NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
Friday, 23 Aug 2024
5:45PM
TALAMT PRESTIGIOUS PERFORMANCE SDN BHD (429,000,000 units Acquired)

Posted by Good123 > 2 weeks ago | Report Abuse

Talam has a lot of land and can do the same.


KUALA LUMPUR: MUI Properties Bhd is disposing of its land in Springhill Industrial Park to Gamuda Bhd for RM424.4 million.

The industrial land spans 157.71 hectares and was acquired for Gamuda's high tech digital infrastructure hub.

"With this transaction, MUI Properties has made a major step forward in the group's ongoing initiative to monetise its land bank and investment properties.

"The sale proceeds will enable us to expand our portfolio of new land banks for further growth and long term sustainability," said MUI Properties executive chairman and chief executive officer Andrew Khoo in a statement.

Trading of Mui Properties shares was suspended today at the company's request, pending a material announcement.

The suspension began at 10.40am.

In early session today, the stock rose as much as 1.15 per cent to 44 sen from Friday's close of 43.5 sen prior to the suspension.

Its market capitalisation stood at RM332.4 million.

Posted by Good123 > 2 weeks ago | Report Abuse

Talam can do better

KUALA LUMPUR (Jan 1): Andrew Khoo Boo Yeow, the son to whom Tan Sri Khoo Kay Peng passed the baton six years ago, has been in the thick of action to unlock the MUI group’s asset value over the past two years.

MUI Properties Bhd (KL:MUIPROP) executive chairman Boo Yeow’s latest deal saw the sale of a sizeable parcel of land near Port Dickson to Gamuda Bhd (KL:GAMUDA) for the latter’s data centre venture.

The 389.7-acre tract, which will fetch RM424 million in cash, is owned by West Synergy Sdn Bhd — a 60:40 joint venture between MUI Properties and Chin Teck Plantations Bhd (KL:CHINTEK). MUI Properties is the property arm of Kay Peng’s business empire that used to own MUI Bank Bhd in the 1980s, among others.

A back-of-envelope calculation shows that MUI Properties’ wholly-owned unit Peristal Enterprise Sdn Bhd will receive roughly RM254 million from the land sale via its 60% stake in West Synergy.

The sum will boost MUI Properties’ net cash position to RM334 million, or 45 sen per share. MUI Properties’ share price ended the year at 37 sen, valuing the company at RM274 million. The stock has gained nearly 95% in 2024.

MUI Properties, however, does not intend to declare any dividend with the sale proceeds, according to its filing with Bursa Malaysia. It said the amount will be utilised for working capital and land purchase.

MUI group’s divestment trail since 2022

Kay Peng's flagship Malayan United Industries Bhd, or MUI (KL:MUIND), sold its UK hospitality assets, including the Belsfield Hotel for RM82.5 million in August 2022 after it disposed of The Regency Hotel for RM36.22 million in December 2021.

Boo Yeow, also CEO and chairman of MUI, has continued the divestment trail with Pan Malaysia Holdings Bhd (PM Holdings) Bhd, which owned equity interest in the stockbroking and asset management business as well as a holiday resort in Port Dickson.

In 2023, PM Holdings, one of the listed entities in the MUI group, looked to dispose of its equity interest in the stockbroking and asset management business to NewParadigm Capital Ventures Sdn Bhd for RM90 million.

The stockbroking and asset management business was parked under Pan Malaysia Capital Bhd (PM Capital), in which PM Holdings owned a 34.84% stake.

The divestment hit a legal snag initially. Other shareholders of PM Capital attempted to block the sale but failed to do so. The sale was completed in November that year.

Four months later, in March 2024, Kay Peng’s MUI sold its 65.9% stake in PM Holdings to the Lim Brothers of the Exsim group for RM36.7 million or six sen per share. The key asset of PM Holdings is Corus Paradise Resort in Port Dickson.

The Lim brothers later renamed the listed company Exsim Hospitality.

The renowned Corus Hotel Hyde Park in London and Corus Hotel KLCC are still owned by MUI. As at end-June 2024, Corus Hotel Hyde Park was listed with a carry value of RM932.54 million and Corus Hotel KLCC with RM287.69 million.

Currently, the Khoo family holds a 43.26% stake in MUI, which controls 72.7% equity interest in MUI Properties and a 44.71% stake in Pan Malaysia Corp Bhd, or PM Corp, (KL:PMCORP), which owns the A&W franchise.

Besides, MUI also operates the Metrojaya department store.

Boo Yeow has ventured into the food and beverage business via PM Corp, which sold off its chocolate product manufacturing operations for RM24.9 million and a parcel of land in Damansara for RM41 million. The company then utilised the sale proceeds to buy the remaining 49% stake in the A&W franchise. The purchase was satisfied by RM41.6 million, cash, plus the issuance of 111 million new shares.

Shares in MUI closed at seven sen on Tuesday, giving the group a market capitalisation of RM225.8 million. The stock has increased 16.7% in 2024. Meanwhile, Pan Malaysia Corp ended the year at 14 sen, down 28% in 2024. Its market capitalisation stood at RM123.6 million.

MUI was profitable in the third financial quarter ended Sept 30, 2024, while the other two were loss-making.

Posted by Good123 > 2 weeks ago | Report Abuse

Talam another miracle after chan mati. Buy some