@billionn I feel like purposely need to lower my IQ when reading your comments.. Reading your profile all comments are so shallow minded and pessimistic.. Only ppl like you will go in and grab at 0.60 while the IPO price is 0.2X.. Just little bit of logic when making comment next time and don’t look foolish in public
Where is billions now?Hahaha, I guess this guy nvr win money in stock market. Market is up and down, when we assess there is more potential up, then we buy in. Especially the stock is at support.... TCS is germ, most important good news coming...Now in, news out, then.....you know I know......
KUALA LUMPUR: TCS Group Bhd's unit has secured a RM323mil contract from Cosmowealth Housing Development Sdn Bhd, a subsidiary of Mah Sing Group Bhd, to build two blocks of apartments along Jalan Sentul Pasar here.
It announced on Wednesday TCS Construction Sdn Bhd had accepted the letter of award for the serviced apartment project known as the M Arisa. The contract involves main construction works of two blocks totalling 1,598 apartments and also a 10-storey car park.
“The completion time for the works shall be 36 months commencing from the date of site possession,” it said in a statement.
TCS Group managing director of TCS Group, Datuk Tee Chai Seng said: “We are delighted to have bagged our third project since our listing on July 23, 2020, which is a testimony to our technical and execution capabilities. In total, we have now won three contracts worth RM537.70mil in the past three months.”
Tee said TCS Group was honoured to be awarded a contract from Mah Sing, a multiple award-winning developer, for the construction of the M Arisa.
“We are also pleased with the progress and execution of our expansion plans so far, that is growing our building construction activities, expanding our infrastructure construction services, and purchasing machinery and equipment. At the same time, the group continues to take part in more project tenders, especially institutional buildings and infrastructure projects," he said.
He said TCS remains positive about the group’s outlook underpinned by the gradual recovery of the construction sector, its improved order book as well as its active participation in tenders for both building construction and infrastructure segments.”
On behalf of the board of directors of TCS Group Holdings Berhad ("TCS" or "Company") (“Board”), RHB Investment Bank Berhad wishes to announce that the Company had on 17 November 2020 entered into the following agreements: (i) a conditional share sale agreement with Super Advantage Property Sdn. Bhd. (“Vendor”) for the proposed acquisition of 250,000 shares in Southern Score Sdn. Bhd. (“Southern Score”), representing an equity interest of 25.0%, for a consideration of RM30.0 million which will be fully satisfied via issuance of 60,000,000 new shares in TCS (“TCS Shares”) (“Consideration Shares”) at an issue price of RM0.50 per Consideration Share (“Proposed Acquisition”); and (ii) a shareholders’ agreement with the Vendor and Southern Score to govern the management and operation of Southern Score, and regulate the relationship amongst the shareholders following completion of the Proposed Acquisition in respect of the financial, administrative and other arrangements which shall apply to Southern Score and the manner in which the company’s affairs are to be regulated. In addition, TCS proposes to undertake an issuance of up to 210,000,000 free warrants in TCS (“Warrants”) on the basis of one Warrant for every two existing TCS Shares held on an entitlement date to be determined and announced by the Board at a later date, after completion of the Proposed Acquisition (“Proposed Issue of Free Warrants”). The Proposed Acquisition and Proposed Issue of Free Warrants are collectively referred to as the “Proposals”. Please refer to the attachment for further details of the Proposals. This announcement is dated 17 November 2020. Where is my dear friend @billionnnn
Logically think if PV’s boss willing to accept the shares at RM0.50 each meaning to say TCS won’t disappoint him in their share price also.. Takkan open market worth RM0.38 and ppl will still accept RM0.50
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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....
thebighead07
85 posts
Posted by thebighead07 > 2020-09-28 23:00 | Report Abuse
@billionn I feel like purposely need to lower my IQ when reading your comments.. Reading your profile all comments are so shallow minded and pessimistic.. Only ppl like you will go in and grab at 0.60 while the IPO price is 0.2X.. Just little bit of logic when making comment next time and don’t look foolish in public