Posted by TheContrarian > 2022-03-15 11:21 | Report Abuse

Bought at 28.5 sen today.

Posted by charlie chia > 2022-04-06 10:39 | Report Abuse

Already long neck
Fast faster move

Posted by TheContrarian > 2022-04-07 10:23 | Report Abuse

Go, go, go long neck SYF.

Posted by TheContrarian > 2022-04-07 12:27 | Report Abuse

Take some profit at 33.5 sen.

Posted by firehawk > 2022-06-23 15:49 | Report Abuse

dragging too long .... some people cut loss @0.26

Posted by firehawk > 2022-06-23 16:06 | Report Abuse

margin call? even @0.25

Posted by firehawk > 2022-06-23 22:07 | Report Abuse

From Q3 report,
In conjunction with the amendments/variations to the SSPA, the Board had on 2 December 2021 also announced that the Company proposes to distribute: -
RM0.07 per SYF Share on an entitlement date to be determined and announced at a later date immediately after the completion of the Proposed Disposal of Furniture Business.
The said distribution of RM0.07 per SYF Share or RM39,821,111 in total (calculated based on 568,873,012 existing SYF Shares (excluding treasury shares)) will be undertaken by way of a special dividend or capital repayment or a combination of both and funded from the proceeds of the Proposed Disposal of Furniture Business; and The Proposed Acquisition, Proposed Rights Issue, Proposed Restricted Issue, Proposed Exemption and Proposed Change of Name are conditional upon the completion of the Proposed Disposals. The Proposed Special Dividend and/or Capital Repayment including the Proposed Special Dividend and/or Capital Repayment 2 is conditional upon the completion of the Proposed Disposal of Furniture Business, and again, upon the completion of Proposed Disposal of Freehold Land, but it is not conditional upon the Proposed Acquisition, Proposed Rights Issue, Proposed Restricted Issue, Proposed Exemption and Proposed Change of Name.

The remaining RM0.11 per SYF Share on an entitlement date to be determined and announced at a later date after the completion of the Proposed Disposal of Freehold Land.
The said distribution of RM0.11 per SYF Share or RM62,576,031 in total (calculated based on 568,873,012 existing SYF Shares (excluding treasury shares)) will be undertaken by way of a special dividend or capital repayment or a combination of both and funded from the proceeds of the Proposed Disposal of Freehold Land and internal generated funds of SYF (“Proposed Special Dividend and/or Capital Repayment 2”).

Posted by TheContrarian > 2022-06-28 16:34 | Report Abuse

Bought at 26 sen.

Posted by firehawk > 2022-07-01 20:24 | Report Abuse

Pursuant to the SSPA dated 6 October 2021 and the Supplemental SSPA dated 2 December 2021 entered into between the Company and Insas, the Conditions Precedent shall be satisfied within nine (9) months commencing from the date of the SSPA, i.e. 5 July 2022. On behalf of the Board, Malacca Securities wishes to announce that the Company and Insas had on 1 July 2022, mutually agreed to extend the Conditional Period by an additional six (6) months to a period no later than 4 January 2023 to fulfill the Conditions Precedent

Mr Thong will not let u to earn so easy ..... ;-)

Posted by TheContrarian > 2022-07-20 15:12 | Report Abuse

Bought at 24.5 sen.

Posted by firehawk > 2022-08-03 14:57 | Report Abuse

23.5 ！！！

Posted by firehawk > 2022-08-04 10:11 | Report Abuse

besides the timeline extension .... hope he won;t alter other terms of the proposal ........

Posted by Believe3222 > 2022-08-05 15:41 | Report Abuse

sampah

Posted by TheContrarian > 2022-09-27 11:14 | Report Abuse

Took some profit at 28.5 sen.

Posted by TheContrarian > 2022-10-03 10:08 | Report Abuse

Sold off all at 30 sen, thanks for the gain.

Posted by Michael Kwok > 2022-10-03 12:40 | Report Abuse

Price 30-31 cents
Its a done.consider again if drop below 27 cents.
3/10/2022 12.39pm

Posted by firehawk > 2022-10-04 14:50 | Report Abuse

why he wants to play himself intensively @0.31?
to create the vol 37m+ ?

Posted by Thinkcarefully > 2022-10-06 15:40 | Report Abuse

Syf share must trade above 32cts otherwise nobody would want to subscribe to the RI at 14cts.

Posted by firehawk > 2022-10-12 17:48 | Report Abuse

today, again, there are holders give up waiting and sold @0.30

Posted by taitaumau > 2022-10-14 09:56 | Report Abuse

With the latest announcement last nite, all proposals are now inter-conditional upon one another. i view it as a negative sign.

Posted by Thinkcarefully > 2022-10-14 20:23 | Report Abuse

The original proposals last year was not conditional on anything.No company can change conditions once they are announced.It is a serious offence to give false information to the security commision

Posted by Superb99 > 2022-11-07 16:15 | Report Abuse

1 day show, longkang stock

Posted by DatoMiizan > 2022-11-09 09:59 | Report Abuse

SYF你快樂過生活,　我拼命去生存..

Posted by Benz1828 > 2022-11-09 21:57 | Report Abuse

Time to rebound back to 40 cents ++

Posted by firehawk > 2022-11-11 16:35 | Report Abuse

Those sold above 0.32 can consider to buy back now .... safety margin is 0.32.... :-)

Posted by Benz1828 > 2022-11-14 09:48 | Report Abuse

Safety margin for SYF is 0.38 ++ as per DatoKyle.. Please take note !

Posted by taitaumau > 2022-11-15 08:47 | Report Abuse

Mp personal views - you need not agree
- It seems to me that consideration shares (post disposals) has been "INFLATED" from 0.14 to 0.22, without adequate corresponding increase in adjusted net assets (post disposals)
Dato
- BIG WIN
- higher value for furniture business
Insas
- WIN
- consideration sum unchanged despite current bearish bursa
Others - No loss now??
i will stay away ................... though market force may say otherwise !!

Posted by firehawk > 2022-11-15 09:27 | Report Abuse

where can read the Dato comment?

Posted by Thinkcarefully > 2022-11-15 10:43 | Report Abuse

RI revised from 14cts to 22 cts.
SYF share should above 40cts

Posted by Benz1828 > 2022-11-15 16:57 | Report Abuse

Time for TANCO to soar.. with TP 38 cents ++ in next 2 trading days as per DatoKyle !

Posted by firehawk > 2022-11-17 14:46 | Report Abuse

2. DETAILS OF AMENDMENTS/VARIATION TO THE SSPA
The following are the amendments/variation to the SSPA: -
(a) The following definitions of Clause 1.1 (Definitions) of the SSPA shall be deleted and replaced with the following:
“Consideration Shares means 1,009,090,909 new SYF Shares to be issued by SYF to Insas at the issue price of RM0.22 per Consideration Share as full settlement of the Purchase Consideration, and subject to such adjustments as contained in the SSPA.”
“Proposed Rights Issue means the renounceable rights issue of new SYF Shares to Shareholders on the basis of one (1) Rights Share for every two (2) existing SYF Shares at the issue price of RM0.22 per Rights Share at such entitlement date to be decided at a later date under which, the holders of the Consideration Shares and Restricted Issue Shares will not be entitled to participate.”
“Proposed Restricted Issue means the issue of new SYF Shares to eligible directors and employees of SYF, M & A Securities, other subsidiaries of SYF and persons who have
contributed to the business and growth of M & A Securities representing not more than ten percent (10%) of the enlarged share capital of SYF after the Proposed Acquisition, at an issue price of RM0.22 per Restricted Issue Share.”
(b) The Clause 4.1 (Satisfaction of Purchase Consideration) of the SSPA shall be deleted and replaced with the following:
“On the Completion Date, SYF must satisfy the Purchase Consideration by the issuance and allotment to Insas of the Consideration Shares (at an issue price of RM0.22 per Consideration Share) at an aggregate value equivalent to the Purchase Consideration.”
Save for the above, all the terms and conditions of the SSPA and Supplemental SSPA are unaffected and remain in full force and effect.

Posted by firehawk > 2022-11-18 13:37 | Report Abuse

Revised issue price from 0.14 to 0.22 is no doubt, put SYF shares in higher value .... issue less shares for M&A securities acquisition, directors and employees of SYF, M & A Securities eligible for the restricted issue have to pay a higher price .....

This good thing could be not benefit the retailers, they might have sold their holding at around 0.30 after holding almost one year or more, at not much gain .... if they re-enter now, they would facing new opportunity and risk ..... :-)

Posted by firehawk > 2022-11-22 10:13 | Report Abuse

After retailers were played over and over (extension after extension and terms revised) .... now retailers not dare to enter (after sold at not much gain /loss) ...... ;-(

Posted by firehawk > 2022-12-02 09:59 | Report Abuse

those bot last week is smiling now .... is actually quite a safe bet ;-)

Posted by Wei Hong > 2022-12-17 09:49 | Report Abuse

New share issued at 0.22 cent and 0.18 capital repayment to shareholder. At least worth 0.40cent

Posted by Syndicates > 2022-12-20 15:35 | Report Abuse

distribute dividend @ 0.18 after RI @ 0.22 issit? haha

Posted by Serenevalley > 2022-12-23 22:34 | Report Abuse

It has to be 41 next week

Posted by Serenevalley > 2022-12-24 22:31 | Report Abuse

Tuesday

Posted by Thinkcarefully > 2022-12-25 09:50 | Report Abuse

RI can be priced over the share price. RI will be underscribed.
Thats about it. It doesnt mean the syf share price can go up to over 40cts.

Posted by firehawk > 2023-01-04 08:47 | Report Abuse

We refer to the Company’s Announcements and Circular in relation to the Proposals.

The Company and Insas had on 1 July 2022 mutually agreed to extend the Conditional Period to a period not later than 4 January 2023 to fulfill the Conditions Precedent pursuant to the SSPA (“1st Extended Conditional Period”).

On behalf of the Board, Malacca Securities wishes to announce that the Company and Insas had on 3 January 2023, mutually agreed to further extend the 1st Extended Conditional Period from 4 January 2023 until 14 June 2023 to fulfill the Conditions Precedent pursuant to the SSPA (“2nd Extended Conditional Period”).
-------------------------------------------------

Extended again for another 6 months

Posted by firehawk > 2023-01-04 15:33 | Report Abuse

making new high .... ;-)

Posted by firehawk > 2023-01-12 17:27 | Report Abuse

19 Jan online EGM

Posted by yaphoikiong > 2023-01-19 22:31 | Report Abuse

No good new, postponed the special dividend

Posted by firehawk > 2023-02-10 11:01 | Report Abuse

:D :D :D

Posted by Jenggo Jenggo > 2023-02-11 20:34 | Report Abuse

Something brewing

Posted by charlie chia > 2023-02-11 21:16 | Report Abuse

Yeap I think so also, volume n price spike up

Posted by firehawk > 2023-03-01 11:07 | Report Abuse

We refer to the Company’s Announcements and Circular in relation to the Proposals.

On behalf of the Board, Malacca Securities wishes to announce that the Company and Mieco had vide letters dated 31 January 2023 mutually agreed to further extend the 3rd Extended Conditional Period of SSA for an additional three (3) months from 5 February 2023 until 5 May 2023 to fulfil the Conditions Precedent pursuant to the SSA (“4th Extended Conditional Period of SSA”).

Save for the above, all other terms and conditions of the SSA and the Addendum and all other instruments and agreements executed, delivered or entered into thereunder or pursuant thereto remain unchanged.


This announcement is dated 31 January 2023.

Posted by firehawk > 2023-03-10 21:50 | Report Abuse

On behalf of the Board, Malacca Securities wishes to announce that all conditions precedent to the SSA, SPAs and SSPA have been fulfilled. Accordingly, the SSA, SPAs and SSPA have become unconditional as at the date of this Announcement.

This announcement is dated 10 March 2023.

Posted by firehawk > 2023-03-14 21:28 | Report Abuse

On behalf of the Board, Malacca Securities wishes to announce that the disposal of 20,000,000 ordinary shares in Seng Yip Furniture, representing 100% equity interest in Seng Yip Furniture by SYF to Mieco for a total disposal consideration of RM50.0 million has been completed on 14 March 2023.

This announcement is dated 14 March 2023.

Posted by firehawk > 2023-03-17 20:56 | Report Abuse

Capital repayment by way of cash distribution of RM0.07 per SYF Share upon completion of the Disposal of Furniture Business
Ex-Date 03 Apr 2023
Entitlement date 04 Apr 2023

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Finally is going to pay 0.07, another 0.11 on the way ...... :-)