SYF RES BHD-WA

KLSE: SYF-WA (7082WA)

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Last Price

0.005

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


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114 comment(s). Last comment by Jimmy Black 2013-05-11 00:16

Jjtrader

1,178 posts

Posted by Jjtrader > 2013-01-25 12:06 | Report Abuse

One seller suddenly disposed 895 lots. I never see the buyers increase but the sellers yes.

messibarca

598 posts

Posted by messibarca > 2013-01-25 12:06 | Report Abuse

i dun think will fly as kingstock predict

kingstock

80 posts

Posted by kingstock > 2013-01-25 12:09 | Report Abuse

SYF RESOURCES BERHAD
(364372-H)
(Incorporated in Malaysia)
CIRCULAR TO SHAREHOLDERS
in relation to the
PROPOSED AUTHORITY TO PURCHASE BY SYF RESOURCES BERHAD OF UP TO
TEN PERCENT (10%) OF ITS OWN ISSUED AND PAID-UP SHARE CAPITAL
(“PROPOSED SHARE BUY-BACK”)
IN CONJUCTION WITH THE SPECIAL BUSINESS
AT THE COMPANY’S SEVENTEENTH (“17TH”) ANNUAL GENERAL MEETING
The Ordinary Resolution in respect of the Proposed Share Buy-Back will be tabled as special
business at the Seventeenth (“17th”) Annual General Meeting (“AGM”) of SYF Resources Berhad
(“SYF”) to be held at the Ballroom, Prescott Metro Inn, Wisma Metro Kajang, Jalan Semenyih,
43000 Kajang, Selangor Darul Ehsan on Wednesday, 23 January 2013 at 10.00 a.m. Shareholders
are advised to refer to the Notice of the 17th AGM and the Form of Proxy which are included in the
Company’s 2012 Annual Report dispatched together with this Circular to Shareholders. You are
requested to complete the Form of Proxy and deposit it at the Registered Office of SYF at Level 18,
The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur not later
than forty-eight (48) hours before the date and time of the 17th AGM. The lodging of the Form of
Proxy will not preclude you from attending and voting in person at the meeting should you
subsequently wish to do so.
17th AGM : Wednesday, 23 January 2013
at 10.00 a.m.
Last date and time for lodging the Form of Proxy : Monday, 21 January 2013
at 10.00 a.m.
This Circular is dated 31 December 2012
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.
If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank
manager, solicitor, accountant or other professional adviser immediately.
Bursa Malaysia Securities Berhad (“Bursa Securities”) has not perused the information relating to the Share
Buy-Back Statements in this Circular to Shareholders prior to its issuance as it is an exempt document.
Bursa Securities takes no responsibility for the contents of this Circular, makes no representation as to its
accuracy or completeness, and expressly disclaims any liability whatsoever for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this Circular.
Day and time of the Wednesday, 23 January 2013
at 10.00 a.m.

kingstock

80 posts

Posted by kingstock > 2013-01-25 12:10 | Report Abuse

that is before the AGM.

kingstock

80 posts

Posted by kingstock > 2013-01-25 12:11 | Report Abuse

PROPOSED SHARE BUY-BACK
2.1 Details of the Proposed Share Buy-Back
The Board proposes to seek shareholders’ approval from the shareholders of SYF for the
Company to purchase up to ten percent (10%) of its prevailing issued and paid-up
ordinary share capital at any time through its appointed stockbroker.
The Proposed Share Buy-Back, once approved by the shareholders of the Company, shall
be effective from the date of the passing of the ordinary resolution pertaining to the
Proposed Share Buy-Bank at the forthcoming 17th AGM and shall remain in force until:-
(a) the conclusion of the Eighteen Annual General Meeting following the forthcoming
17th AGM at which time it shall lapse unless by ordinary resolution passed at that
meeting, the authority is renewed, either unconditionally or subject to conditions;
or
(b) the expiration of the period within which the next annual general meeting after that
date is required is required by law to be held; or
(c) the authority is revoked or varied by ordinary resolution passed by the shareholders
of SYF in a general meeting;
Whichever occurs first.
2.2 Quantum
The maximum number of ordinary shares which may be purchased by the Company shall
not exceed ten percent (10%) of the issued and paid-up ordinary share capital of the
Company.
Assuming that none of the SYF Warrants and ESOS are exercised into new SYF Shares,
SYF can purchase up to 27,242,310 SYF Shares representing approximately ten percent
(10%) of the issued and paid-up share capital of SYF of RM68,105,776.50 divided into
272,423,106 ordinary shares of RM0.25 each as at LPD.
However, in the event that all the SYF Warrants and ESOS are exercised into SYF Shares,
the issued and paid-up share capital of SYF will increase to RM80,333,169.25 divided
into 321,332,677 ordinary shares of RM0.25 each. Consequently, the maximum number
of SYF Shares which the Company may purchase is 32,133,267.
Nevertheless, the actual number of ordinary shares in SYF to be purchased by the
Company pursuant to the Proposed Share Buy-Bank, the total amount of funds involved
for each purchase and the timing of the purchase(s) will depend on inter-alia, the market
conditions and sentiments of the stock market as well as the availability of financial
resources of the Company and the availability of the retained profits reserve or the share
premium reserve of the Company.
SYF will ensure that the purchase of its own Shares will not result in the Company’s
public shareholding spread falling below the minimum public shareholding spread of
twenty-five percent (25%) of its issued and paid-up share capital.
2.3 Funding
The Proposed Share Buy-Back will be funded from internally generated funds and/or bank
borrowings or a combination of both. At present, the Board has not determined the
proportion of internally generated funds of SYF Group and external borrowings to be
utilised for the Proposed Share Buy-Back. The proportion to be utilised will only be
determined at the time of purchase(s), actual number of SYF Shares to be purchased, the
price of SYF Shares and other cost factors.
- 7 -
In the event that borrowings are used for the Proposed Share Buy-Back, the amount of
borrowings will depend on the amount of SYF Shares to be purchased by the Company
and the appropriate borrowing capacity of the Company. The Company’s net cash flow
may be affected to the extent of the interest costs associated with any borrowings. The
Board will ensure that the Company is able to meet the repayment of such borrowings, if
any.
The maximum amount allocated for such transactions shall not exceed the aggregate
balance standing in the retained profits and/or share premium accounts of the Company.
Based on the latest audited financial statements of the Company as at 31 July 2012, the
Company’s retained profits and share premium accounts amounted to RM18,754,000 and
RM15,374,000 respectively.
2.4 Implication of the Code
There is no implication arising from the provision of the Code to the Company if the
Proposed Share Buy-Back is carried out in full

kingstock

80 posts

Posted by kingstock > 2013-01-25 12:12 | Report Abuse

Now the buyback has been APPROVED.

kingstock

80 posts

Posted by kingstock > 2013-01-25 12:12 | Report Abuse

my girlfriend will tell only truth.

Jjtrader

1,178 posts

Posted by Jjtrader > 2013-01-25 12:14 | Report Abuse

King stock look at the share price now drop -0.005 because one seller disposed 1424 lots, may be this is just a washing before it fly.

kingstock

80 posts

Posted by kingstock > 2013-01-25 12:21 | Report Abuse

may be it is not the time. But I would believe in this stock. I will hold atleast few weeks.

kingstock

80 posts

Posted by kingstock > 2013-01-25 12:21 | Report Abuse

I think 0.25 should be no problem in few days or weeks.

Jjtrader

1,178 posts

Posted by Jjtrader > 2013-01-25 12:22 | Report Abuse

Son is dropping but mother share still zero transaction. Why ?

kingstock

80 posts

Posted by kingstock > 2013-01-25 12:23 | Report Abuse

we just pray! get ready for angpau in few days or two weeks before CNY.

kingstock

80 posts

Posted by kingstock > 2013-01-25 12:31 | Report Abuse

angpau! angpau! angpau! lai... lai.. lai..

kingstock

80 posts

Posted by kingstock > 2013-01-25 12:32 | Report Abuse

wow! session break at last.

necro

4,726 posts

Posted by necro > 2013-01-25 12:32 | Report Abuse

Hope dont kena pau.
?.

necro

4,726 posts

Posted by necro > 2013-01-25 13:18 | Report Abuse

Flushing.,,,
Same like MBF-WA but it takes 3month to ride to sky...

jjtrader

1,178 posts

Posted by jjtrader > 2013-01-25 16:37 | Report Abuse

King stock bring us to Holland road. The price keep dropping .

necro

4,726 posts

Posted by necro > 2013-01-25 17:32 | Report Abuse

Hahaha.,.

trefoil

190 posts

Posted by trefoil > 2013-01-25 17:56 | Report Abuse

What's happened? Got news yet not moving...:(
Any risk on this counter?

necro

4,726 posts

Posted by necro > 2013-01-25 19:03 | Report Abuse

Hi risk...
Hi BP ppl not encouraged to try this at home...

trefoil

190 posts

Posted by trefoil > 2013-01-25 23:11 | Report Abuse

High Risk...:(
Hope will fly lah, since its was called BUY BUY BUY by Stock Guru MY and strongly recommended by Kingstock..lets hope best for coming Tuesday!

necro

4,726 posts

Posted by necro > 2013-01-25 23:18 | Report Abuse

Ex price RM0.98
MOM PRICE RM0.70
SON PRICE RM0.19

SON PRICE NEGLECT EXP DATE RM0.28
PRO OUT THERE PLS CORRECT ME IF IM WRONG...

Posted by Jimmy Black > 2013-01-28 23:40 | Report Abuse

show time tomorrow !

trefoil

190 posts

Posted by trefoil > 2013-01-29 07:42 | Report Abuse

Hope so will have show today, Jimmy Black.
You are the 3rd making call BUY after KingStock and Stock Guru MY!

jjtrader

1,178 posts

Posted by jjtrader > 2013-01-29 10:52 | Report Abuse

No hope because mother share will drop back to 0.675 very soon.

jjtrader

1,178 posts

Posted by jjtrader > 2013-01-30 11:15 | Report Abuse

Oh no dropping again, gone case should I cut loss on this counter. Stock guru or stock king any comments ?

necro

4,726 posts

Posted by necro > 2013-01-30 11:17 | Report Abuse

stock guru at his FB...
DECISION IN YOUR HAND...

necro

4,726 posts

Posted by necro > 2013-01-30 11:19 | Report Abuse

jjtrader FLUSHING ACTIVITY OCCUR...
HEART NOT STRONG JOINT FAST FLUSHING ACTIVITY...
FAST FAST!!!

necro

4,726 posts

Posted by necro > 2013-01-30 11:23 | Report Abuse

MOM ALSOSEING PPL SELL AT .695!!!
TA HURMMM DOWNTREND???...

necro

4,726 posts

Posted by necro > 2013-01-30 11:26 | Report Abuse

LOOK AT THOSE NUMBER WHO SELL THERE WERE IN 1K LOT...
IB OR INTERNAL WA HOLDER THAT DO THIS..
CAN SEE U ALL AT .15...
SIT FOR 3MONTH OF PAPER LOSS...

messiBarca

598 posts

Posted by messiBarca > 2013-01-30 11:29 | Report Abuse

dun worry on this stock since market is panic for GE13

necro

4,726 posts

Posted by necro > 2013-01-30 11:31 | Report Abuse

i know...
just sit hoping wont be mid term "investor"
low limit price will go is 0.145...
huhuhu...

BIGFish

154 posts

Posted by BIGFish > 2013-01-30 18:59 | Report Abuse

used to hv gd info, but now no more. anyway bot 0.185 cut at 0.180
buy back 0.160 last minute disposed 0.175 ( kopi-o )

lotus1

66 posts

Posted by lotus1 > 2013-01-30 21:05 | Report Abuse

Bigfish,..you are a very discipline player...cut loss at 5%..
Not many ppl can do that..U have my admiration.cheers

necro

4,726 posts

Posted by necro > 2013-01-30 23:21 | Report Abuse

terbaik!!!

Posted by Jimmy Black > 2013-01-31 01:29 | Report Abuse

they are scaring you guys to quit now before they goreng

trefoil

190 posts

Posted by trefoil > 2013-02-01 02:54 | Report Abuse

@necro, r u still holding this counter? Tq

necro

4,726 posts

Posted by necro > 2013-02-01 03:08 | Report Abuse

Huhuhu yes....
Plan to add at .15 or 145..

Posted by Ismail Sirajudin > 2013-02-05 19:44 | Report Abuse

close green..go0d..:)

TreFoil

190 posts

Posted by TreFoil > 2013-02-05 22:37 | Report Abuse

Hope to have continue green then... Instead for today only!

jjtrader

1,178 posts

Posted by jjtrader > 2013-02-06 00:24 | Report Abuse

Son up but mother drop. How come ?

Posted by Momo Asyraf > 2013-02-13 10:24 | Report Abuse

hopeless

TreFoil

190 posts

Posted by TreFoil > 2013-02-14 20:15 | Report Abuse

Really hope-less....

necro

4,726 posts

Posted by necro > 2013-02-18 17:45 | Report Abuse

Will it be .21 tommorow?
Huhu

messibarca

598 posts

Posted by messibarca > 2013-02-18 17:48 | Report Abuse

the buyer and seller price is big gap.

necro

4,726 posts

Posted by necro > 2013-02-18 17:50 | Report Abuse

Tu la,yang min ni mcm longkang dia buy low sell low then hit price...what a game...

joseph2321

175 posts

Posted by joseph2321 > 2013-02-26 16:10 | Report Abuse

buyer and seller price in big gap

TreFoil

190 posts

Posted by TreFoil > 2013-02-26 17:30 | Report Abuse

Wow...seems they control the game leh...

BIGFish

154 posts

Posted by BIGFish > 2013-02-27 10:42 | Report Abuse

dun touch oh.....! no time for this liao..! conversion price 0.98

Posted by Jimmy Black > 2013-05-11 00:16 | Report Abuse

wow 0.09 +0.045 (100.00%)

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