Funny.... SUMATEC is a PN17 counter too but heavily traded everyday with food interest from retailers. Now people worry that Tiger will fall into PN17.???? think think think ....with the money from rights issue, not possible in the near future, study the criteria of being a PN17 counter first, don't simply comment, please.
macam mana nak masuk PN17. Ini company anak si mamak Mahathir yg byk syer. Kalau masuk PN17, maksud dinasti Mahathir berakhir. Biasa syarikat sekrg sengaja masuk PN17, kurangkan capital syerholders kemudian terbit syer baru. Ini cara pemilik syer majority buat kekayaan. Bursa dan Suruhanjata Sekuriti kena bangun tidur dan pantau sikit.
I thought Mahathir era was long gone! If he still so powerful, his son should hav won in the UMNO election.Mr willc48, is your allegation based on facts or political motive?
i already remind since last 2week.... they have legal case rm8mil and short term loan with ta capital s/b 5mil total Rm13mil need out by early jan 2014...
With reference to the Company’s announcement dated 12 August 2013 and 27 September 2013. The Board of Directors of TIGER SYNERGY BERHAD (“the Company”) wish to update the Exchange on the following legal case of the subsidiary of the Company:-
A writ summon has been served by Tang Yit Fun (“ 1st Plaintiff) and Tang Yit Peng (“2nd Plaintiff’) against Tiger Synergy Berhad (“the Company”), Goldenier Property Management Sdn. Bhd. (GPMSB), Janavista Sdn Bhd (“JSB”) & 2 others [“the Defendants”] for the sum of RM4,575,000.00and specific performance and damages for breach of contract , interest and costs. GPMSB is the wholly-owned subsidiary of the Company.
This case was fixed for hearing before the Honourable Judge Tuan Vazeer Alam Bin Mydin Meera on the 16th and 17th day of October, 2013.
It is adjudged by consent and without admission of liability by any party herein that in full and final settlement of all disputes arising by all the parties hereto, the Company and GPMSB do jointly and severally:-
(1) pay to the Plaintiffs on or before 17th January 2014, the sum of Ringgit One Million and Eight Hundred Thousand (RM1,800,000-00) only by way of bankers chequein the name of the Plaintiff’s Solicitors, Najiana Wan Balbir;
(2) On or before 17 April 2014, undertake to deliver to the Plaintiff’s solicitors:
(a) the issue Document of Title HSD222956, PT No. 8650,Pekan Baru Sungai Buloh Daerah Petaling,; andHSD No 222958 PT No. 8652 Pekan Baru Sungai Buloh; free from all encumbrance and with vacant possession; (b) together with the consent to transfer from the state authority; (c) and the Memorandum of Transfer duly executed in the name of the 1st Plaintiff or the nominee duly nominated by her if she so wishes to nominate such a party with the stamp duty paid; (d) And the quit rent and assessment receipts all duly paid up to date; and (e) all requisite documents required to register the Property’s transfer.
(3) The Plaintiffs may appoint a nominee upon being notified that the Property is ready for transfer.
(4) The First Plaintiff and JSB shall discontinue the Kuala Lumpur High Court Action No 22-20-2010 with no order as to costs;
(5) the Parties hereby agree that each party shall have no further claim against each other their respective rights whatsoever against each other pursuant to the Shares Sale Agreement dated 19th December 2006 and Supplemental Agreement dated 17th January 2007 which shall cease to have effect forthwith;
(6) IN THE EVENT that the Company and GPMSB are unable to deliver to the Plaintiffs or her nominee the instruments mentioned at paragraph (2)(a) above, the Company and GPMSB shall, prior to the expiry of 17.04.2014 propose such other Properties of the equivalent value of Ringgit Three Million and Two Hundred Thousand (RM3,200,000.00) only to the 1st Plaintiff. THAT THE 1st Plaintiff may in her absolute discretion accept or reject within 7 days of such notification from the Company and GPMSB;
(7) AND if the 1st Plaintiff rejects the proposed properties in para (6) above, the Company and GPMSB hereby agree that they shall pay the balance of the Settlement Sum of Ringgit Three Million and Two Hundred Thousand (RM3,200,000.00) only within 7 days of such written notification from the 1st Plaintiff.
(8) AND IN DEFAULT of any of the terms of the settlement hereinabove, the Company and GPMSB shall pay the Plaintiffs the sum of Ringgit Five Million (RM5,000,000.00) only or any balance remaining outstanding with interest on the amount outstanding at the rate of 10% per annum from 1-1-2008 until full settlement.
(9) That the Plaintiffs shall withdraw the claim against the 1st, 2nd, 3rd, 4th and 5th Defendants with no order as to costs;
(10) That the 1st, 2nd, 3rd, 4th and 5th Defendants shall withdraw the counterclaim against the Plaintiffs with no order as to costs.
Fund raising exercise comleted. Money collected. Company bosses already lost interest to jack up the share price anymore. Small retail players got slaughtered.
3 Dec 2013 after rights issue the numbers of company shares issued = 774,140,200 (100.00%). 3 Dec 2013 to 23 Dec 2013 the number of shares transacted = 826,555,800 (106.77%). In view of this, there is a possibility that insiders are dumping/selling shares among themselves to cause the share price to spiral downwards. Whatever the motive, I don't know.
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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....
emma
281 posts
Posted by emma > 2013-12-20 14:54 | Report Abuse
Fooksing : tiger no project? ? Thn got any kes? ?