Tiger Synergy to build affordable homes worth RM1b in Seremban
Author: moneyKing | Publish Date: 15 Dec 2017, 10:05 AM
Chester Tay/theedgemarkets.com
December 14, 2017 20:41 pm +08
KUALA LUMPUR (Dec 14): Tiger Synergy Bhd has proposed to develop affordable homes in Seremban, under a contract worth RM1 billion.
In a filing with Bursa Malaysia, Tiger Synergy said the group has received a letter of intent from a company called Elite Community Sdn Bhd to undertake the development.
The project involves the development of 5,000 units of affordable apartments on a leasehold land, measuring 123 acres.
The building comprises 15 blocks of 21-storey apartments, with three different built-up areas.
Tiger Synergy said the planning approval of the project will be submitted upon final design review and approvals from all relevant authorities, and are expected to be obtained within 12 months.
Construction work will commence upon receiving the building plan approval, the group added.
Tiger Synergy said the project is expected to increase its construction order book, revenue and profits.
Tiger Synergy was suspended from trading today. It will resume trading tomorrow.
The counter last closed at 4.5 sen yesterday (Dec 13), valuing the group at RM74.35 million. 17/04/2018 14:23
Hi guys be honest to you actually i also kena trap at 5 sen So keep promote hope the boss can work hard . Maybank also got tiger so mean tiger is very important one. In asia tiger is king of the jungle Hope tiger can become a tiger . Haha
Wrong, major shareholder will never bankrupt.. Worse case is company bankrupt, but privately still loaded! Funds already shifted to overseas or pass to children
lbhock123 - Nobody gets any free shares. Even Tan family subscribe for 100Mil RI @8cts in 2016. They also subscribe for 100Mil ESOS at 4.1cts but continously selling all the way down to 2.5cts. Really weird trading pattern. Must be either very stupid people or very,very weak holders OR...
Already done a side deal to transfer the good assets out from Tiger and hand over the PLC to the new Major Fund - Advance Oppurtunity Fund I (AOF1) - Tan Choon Seng ( Another TAN !! ). This AOF1 under Tan Choon Seng will buy cheaply into Tiger with 64% stake under latest proposal.
The interesting point like somebody mentioned is : Who is picking up all the Tiger shares sold by the Tan family ? This PLC is definitely a takeover target now....the Tan family stake is minimal. Anyone can come in and sweep up the shares easily. Maybe there is HOPE.
DkNY : Even at 20sen after consoldation which is only 5sen pre-consolidation which is the cost price for most shareholders, so NO ONE will make any gain/profit. The only person making lots of Profits/Gain at 20sen will be AOF1 (Tan Choon Seng) totalling Rm75mil from this whole deal.
And you know WHO this Tan will share this R75mil windfall gain with.......the other TAN family. That's the tragic truth and effect of this Bursa approval. A big, fat fraud and scam of Tiger minority shareholders. Typical stealing from the poor and enriching the rich and powerful.
At this price 2.5cts, you will definitely make some money as its the base price. They have sold down more than 300Mil Tiger shares to force down the price to this level for two objectives : 1. To propose consolidation and CRN Notes Approval from Bursa; --Approved-- 2. To fix Conversion Price of Notes at 2.5cts (or Post-Consol Price :10cts) --In Progress-- (There is a mechanism to achieve this price fixing)
Once the above objectives are achieved, Tiger share price should start to move higher and may even rally as someone collected 300Mil and possibly more shares at very,very low prices. So don't be surprised if there's a big rally coming. At the end of the day, these manipulators are in it for the big money !! Good luck !
I am sad to see that our glorious Tiger these past few months have been down at 5 sen and then lower at 3-4 sen. However the last few trading days it has been consolidating at 2.5 - 3 sen. So that is an auspicious sign of good things to come. The proposed price consolidation is not a good thing for us retail investors or minor shareholders. The endless selling by the major shareholders, apparently a family affair and insider thing, also leads to the fall in Tiger's share prices. Or is this planned? But lately, the major players started to acquire shares at the lower price of 2.5 sen. Today it went up to 3 sen again with good trading volume of 3 m. So can we say that we've reached the bottom of 2.5 sen; and will go up thereafter? Difficult to say. Because in a few days time we will cast our votes in the election so there is a lot of uncertainty. I do hope that Tiger will be back in business after the election and have the support whichever horse that won. The planned construction projects will be implemented and the share prices of Tiger will zoom up. But how will the prices react after the EGM on consolidation next week on 18 May?
Tiger made a wrong decisions by conso I think many angry shareholders will become real tiger to fight this tiger boss at meetings Better the boss give them a good explanation before they angry like tiger. Lucky I sold all my share and change to wct when wct limit down Now made a little bit money from wct jor. Really a stupid mistake bot in tigervwhile i saw tiger successfully continued made net profitbgood results while others penny likevnexgram sanichi still always lost money but tiger keep making net profit results. Tiger should not consolidated share BECAUSE tiger got good results share will auto go up. Small.kid also know how to do management than tiger director lol Tiger you are finish if only know consolidation share while see share price drop . Hope you can use your brain to think dun be a best friend like sanichi. Tiger become king of consolidation share later
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ivan9511
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29-Jun-2017 可负担房屋业务稳定.金虎盈利看俏
Tiger Synergy to build affordable homes worth RM1b in Seremban
Author: moneyKing | Publish Date: 15 Dec 2017, 10:05 AM
Chester Tay/theedgemarkets.com
December 14, 2017 20:41 pm +08
KUALA LUMPUR (Dec 14): Tiger Synergy Bhd has proposed to develop affordable homes in Seremban, under a contract worth RM1 billion.
In a filing with Bursa Malaysia, Tiger Synergy said the group has received a letter of intent from a company called Elite Community Sdn Bhd to undertake the development.
The project involves the development of 5,000 units of affordable apartments on a leasehold land, measuring 123 acres.
The building comprises 15 blocks of 21-storey apartments, with three different built-up areas.
Tiger Synergy said the planning approval of the project will be submitted upon final design review and approvals from all relevant authorities, and are expected to be obtained within 12 months.
Construction work will commence upon receiving the building plan approval, the group added.
Tiger Synergy said the project is expected to increase its construction order book, revenue and profits.
Tiger Synergy was suspended from trading today. It will resume trading tomorrow.
The counter last closed at 4.5 sen yesterday (Dec 13), valuing the group at RM74.35 million.
17/04/2018 14:23