I bought small amount of Iris today...see, very chun oh!! He ask.me to buy tiger and so accumulated some...cheaper. Should have hantam more iris today..
I am sure tiger will come...his tips quite chun;) good luck !!! Earn big angpow...huat huat huat!!!
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.
Honestly, if you look back archive section...this is just no more than a small potato lawsuit that i think with slim winning chances. It will definitely take years to get a ruling & even if thr plantiff wins, i am not sure the compensation is going to be what they filed for...perhaps less that 10%. ;)
I brlieve my sifu's tip...his Maica (before cny) was really chun! Now Iris (today)...next Tiger;) see my post this morning...
To New Investors if you don't understand this, never mind. Alex is posting spam messages, because he is interested, and is one of the price manipulator. Thank You.
why u said posting spam messages.... it in bursa malaysia... http://www.bursamalaysia.com/market/listed-companies/company-announcements/1438509 i just post my comment only frm bursa and not add any word.... if u interested just buy their share and wen good time sell it... if tiger very good company just settle their legal case and start their business make profit... pass 4 years tis company making lost and wen make small profit not paid any div to their investor... u think very good company...
They have legal case need to settle by april.......
36. MATERIAL LITIGATION
(a) A legal action was initiated against Minply Industries (M) Sdn Bhd, a wholly owned subsidiary of the Company by Sunliq Sdn. Bhd. for the breached Terms pursuant to a Letter of Offer dated 16th March 2011. The case currently seeking Summary Judgement pursuant to Order 26A of the Subordinate Courts Act 1980 that the Defendant pay to the Plaintiff the sum RM81,132/- at the rate of 8% from the date of the Summons till date of judgement thereof.
The Court has allowed the Plaintiff’s application for summary judgement and the said amount has been fully settled during the financial period.
(b) A legal action was initiated by Tang Yit Fun and Tang Yit Peng (“the Plaintiffs”) against Tiger Synergy Berhad (“the Company”), Goldenier Property Management Sdn. Bhd (“GPM SB”), Janavista Sdn. Bhd, Tan Wei Lian and Tan Lee Chin (“the Defendants”) for a sum of RM4,575,000 and specific performance and damages for breach of contract. This case was fixed for hearing before the Honourable Judge Tuan Vazeer Alam Bin Mydin Meera on the 16th and 17th of October, 2013.
Consent Judgement was entered without liability. The Company and GPMSB are both jointly and severally liable to the Plaintiffs for the payment of RM1.8 million and the delivery of two units of properties with the title no. HSD222956, PT No. 8650 and HSD No 222958 PT No. 8652 (“the Properties”). In the event the Company and GPMSB are unable to deliver the Properties, the Company and GPMSB shall pay an amount of RM3.2 million to the Plaintiff. Other terms of settlement were stated in the Company’s announcement to Bursa Malaysia Securities Berhad on 21st October 2013.
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....
step6978
275 posts
Posted by step6978 > 2014-01-27 17:47 | Report Abuse
Director no longer collecting..... :)