TALAM TRANSFORM BERHAD

KLSE (MYR): TALAMT (2259)

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Last Price

0.02

Today's Change

-0.005 (20.00%)

Day's Change

0.02 - 0.025

Trading Volume

8,101,100

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Total assets

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current assets

238

1000

110

900

600

Cash & equivalents

238

1000

110

900

600

Short term investments

238

1000

110

900

600

Total receivables, net

238

1000

110

900

600

Accounts receivable - trade, net

238

1000

110

900

600

Other receivables

238

1000

110

900

600

Total inventory

238

1000

110

900

600

Inventories - work in progress

238

1000

110

900

600

Inventories - progress payments & other

238

1000

110

900

600

Inventories - finished goods

238

1000

110

900

600

Inventories - raw materials

238

1000

110

900

600

Total non-current assets

238

1000

110

900

600

Long term investments

238

1000

110

900

600

Note receivable - long term

238

1000

110

900

600

Investments in unconsolidated subsidiaries

238

1000

110

900

600

Other investments

238

1000

110

900

600

Net property/plant/equipment

238

1000

110

900

600

Gross property/plant/equipment

238

1000

110

900

600

Accumulated depreciation, total

238

1000

110

900

600

Deferred tax assets

238

1000

110

900

600

Net intangible assets

238

1000

110

900

600

Other current assets, total

238

1000

110

900

600

Total liabilities

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current liabilities

-238

-1000

-110

-900

-600

Total non-current liabilities

-238

-1000

-110

-900

-600

Long term debt

238

1000

110

900

600

Long term debt excl. lease liabilities

238

1000

110

900

600

Capital and operating lease obligations

238

1000

110

900

600

Provision for risks & charge

-238

-1000

-110

-900

-600

Deferred tax liabilities

-238

-1000

-110

-900

-600

Other liabilities, total

-238

-1000

-110

-900

-600

Total equity

-238

-1.64%

-1000

+11.55%

-110

+81.66%

-900

-13.16%

-600

+235.36%

Total liabilities & shareholders' equities

238B

1000B

110B

900B

600B

Total debt

238

1000

110

900

600

Book value per share

-238

-1000

-110

-900

-600

Discussions
7 people like this. Showing 50 of 4,648 comments

lassy

Do not be surprised if the 10% placement investor decided to throw 40 million TALAM shares @ 2sen to the BUY QUEING order BUT WHO is the person willing to pick up the tab @ 2 sen but they are season punter so you can only see them QUEING it up bit by bit as if there are ALOT of investor QUEING up. Maybe a long waiting game ahead but TALAM seem to look quite active this few days after the share placement exercise.At 0.015 sen a right issue is better than a placement exercise for small investor but it look very favourable for controlling shareholders the CHAN family to buy from the placement investor @ 2 sen compare to the late CAC who bought from KEURO @ 10 sen a piece

2024-06-25 09:30

lassy

I think the agreed transacted price to buy from TALAM placement shareholder should be 2 sen and sometime 0.025sen for sendiwara from VERY INTERESTED shareholder and not from retail investor.

2024-06-25 16:44

lassy

They r really VERY PROFESSSIONAL punter even if u can see a few hundred thousand buy order @ 2.5 sen and try to sell at 2 sen also cannot get it done @ 2,5sen ,the just withdraw at 4.49.58 sec, see WHAT I mean - don't play play with this counter.For me it is OK because I only bought at 1 and 0.015sen and just TESTING the water so BE very careful dealling with TALAM shares,must remind NEWBIES TALAM - Most of TALAM land is the ULU area is agriculture land and so need to pay a HEFTY PREMIUM for conversion to industrial land so WHERE TO FIND THE MONEY ,when RM6 million also need to borrow from INSAS at a very unfavourable terms because most of the land already charge to BANKS - Insas is providing the loan on a 2nd or maybe a 3rd charge.

2024-06-25 17:03

JackTan1217

Company wan to sell to new onwer, all in

2024-07-08 12:47

duatlai

Careful! 50 to 1, share consolidation

2024-07-10 22:15

lassy

Controlling shareholders only hold 30% what can the CHAN FAMILY DO ? Keep quiet DUDOK DIAM DIAM and collect their salaries at the end of the month.Share consolidation is good and right issue is also good for minority shareholders ONLY SHARE PLACEMENT at this ridiculous low price of 0.015 sen does't make sense after LAST MINUTE with a duration of only 15 minutes pushing down the price to 1 sen ,WHERE CAN MINORITY shareholders caught hold of TALAM share at 1 sen.

2024-07-11 16:52

lassy

Duatlai, WHY share consolidation is no good if the COMPANY is seriously undervalue.Today at the parliament something GOOD is mention about SERENDAH ,u guy can read it ONLINE paper and guess WHAT is ACTUALLY GOING ON IN TALAM.

2024-07-11 16:57

lassy

Sorry not at parliament ,SERENDAH was mentioned at the Selangor EXCO meeting ,Selangor government intend to make SERENDAH a BIG LOGISTIC HUB so Talam can benefit A BIT by building cheap houses for the activities over there.

2024-07-12 08:54

lassy

TALAM is not like UMW with deep pocket and can build AUTOMOBILES HUB and supply chain warehouses so TALAM can only build small flats to accommodate the people working around SERENDAH n the SG,BUAYA area

2024-07-12 08:58

duatlai

The financial health of Talamt is in a grey area by siphoning money out through it's subsidiaries!
One with religion in mind wouldn't have dragged the public money to losses for decades.
An honest religious person should bow to God and admit it!
So that others with calibre can transform in matter of 2 or 3 years.

2024-07-16 10:51

duatlai

May I invite the Pastor Calvin Tan to comment more for he is involved religious ministry.

2024-07-16 10:59

whistlebower99

FOR NEWBIES

HARVEST MIRACLE CAPITAL BERHAD (HM) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to RI.
This announcement is dated 15 July 2024.

================

List of high NOSH penny stocks with shares consolidation :-

2024 in progress - HM, MQTECH, XOX, VIZIONE, KGROUP
2024 completed - DESTINI, AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

Retail investors trapped at high price incurred huge losses caused by share consolidation

2024-07-16 11:02

BurungPipit

I bought at 1.5sen, sold at 2.5sen lunch money earned....

2024-07-16 12:31

duatlai

Just let go Talam for the board is earnings without a will and visions to perform the transformation for ages. Talam shareholders will forgive those who do not know what he doing!
What's go round will come around!
Is it fair/ SIN to lock public money?

2024-07-24 20:19

duatlai

We have been holding the shares for decades

2024-07-24 20:20

lassy

Will have to wait until the CHEW family bought ALL the 0.015sen placement shares @ 2sen & 2.5sen. a when their shareholding will increase to over 33% they will offer a GO @ 3sen but if buying the 10% placement shares by PROXY is another story.The CHEW family does not intend to reward shareholders from the start after recovering from almost BANKRUPTCY, thanks to LATE MB Khalid and IJM boss. A go @ 3sen is 50% above the closing price of 2 sen or 30% above the closing price of 0.025sen so must see out the sendiwara play out in future but they also cannot make it too obvious to look like a scheming fraudulent play.

2024-07-25 09:48

lassy

As the saying go WHY SHARE THE FRUITS WITH OTHERS ? when we can have them ALL by ourselves .A GO @ 3sen or 0.35sen won't benefit alot of shareholders except the CHEW FAMILY.

2024-07-25 09:57

lassy

Another scenario can happen, this coming quarter result next month will be BAD so someone is going to press and dumb the shares @ 2 sen ,the CHEW family will pick them all up and give a GO @ 0.025sen or maybe 3 sen.WHO WIN at this miserable 2 to 3 sen TALAM shares price ?

2024-07-25 10:03

duatlai

Talamt is out of PN17 without white knight through his praying and he manage Talamt in very religious way according to the video posted by Mr. Calvin.( YouTube) available

2024-07-25 11:25

lassy

How can TALAM mix business with religion ,just look at the BIG RED CROSS at Talam logo with incidentally look like the cross hanging on a building looking like a church.One day a Muslim scholar noticing the logo might decided to report to the Russian Trained Doctor to start the BOYCOTTING procedure.As we know Mcdonald , Starbuck and KK Mart are still not able to recover from it until today.Muslim scholar who reported this type of incident get good credit from the MUSLIM COMMUNITY and become a HERO overnight so TALAM management better consider doing something about it.Maybe the Chew family can make some money out of it by REQUESTING for A GO and later sell the land to somebody else without the LOGO baggage,

2024-07-25 15:52

StartOfTheBull

If no better management soon it will become Tanam.

2024-07-26 11:06

calvintaneng

Good news for Talam

Ecrl will pass through Serendah and Gombak

https://theedgemalaysia.com/node/720864

2024-07-30 10:51

lassy

Calvin as u know this Serendah and Gombak r majority MUSLIM area so with a CROSS in the LOGO ,how can the Muslim sign on the dotted line in the S & P agreement. The management need to do something before some EXCITED MUSLIM shout BOYCOTT

2024-07-31 16:01

dompeilee

Talam shld change name to TENGGEalam! 😆 Siasuay condemned ever since you-know-who infected it in 2017!

2024-08-11 07:57

duatlai

Tanam top volume

2024-09-02 10:48

Bull13

TALAM....Calvin POWER!! 💪💪

2024-09-02 12:01

duatlai

Late Mr Chan wishes to revive Tanam failed!
The pair of who subscribed to PP at Rm 0.18 maybe undergoing distribution

2024-09-02 13:15

Seeking

Need lots of patience. Finally moving.

2024-09-02 13:31

Bull13

The shares are now in Mrs Chan's hands. Different player. Different moves. Talam will be transformed.

2024-09-02 23:23

duatlai

Most of the die hard shareholders may not be around anymore to see the transform.
The Cursed Tanam Bursa

2024-09-03 14:55

Seeking

Lassy, now buyer 0.03!

2024-09-03 15:02

lassy

Having been here for a long time after selling off some at 0.025 sen so the remaining shares will keep for it to rise above 5 sen. Just manage to make a VERY SMALL profit after manage to buy some at 0.015 sen when the window open for a 15 minutes 0.015 selling transaction.When Mr Market shot up again it will begin with BANK SHARES it happens most of the times and in fact in ALL STOCK MARKET around the world because most of them are INDEX related stocks but most are quite EXPENSIVE like JP Morgan , Hong Leong Bank etc and Cheaper one like MBSB will follow at a slower pace.Pls be remind there is a good investment outfit MIDF park under MBSB which make TON OF MONEY

2024-09-13 11:32

duatlai

Talam transform failed, the board of directors must be either blind or deaf (Oku) dragging for the purpose of remuneration

2024-09-17 13:39

duatlai

Chan failed Talam transform by FAITH (Religion)
He failed Talam transform by FACT( Science)

2024-09-17 13:41

lassy

TALAM with a enlarge share capital base of about 4.8 BILLION shares and a market cap of RM140 million, is the company worth RM230 million if the share price move up to 5sen with not much activities and launching of new development project going foward ,if it is really that good IJM or POS Malaysia the top 20 shareholders of Talam will have taken up the 10% placement share , please remind that TALAM still owe INSAS a substantial sum of money payable soon .

2024-09-17 18:37

lassy

Actually Talam is digging a bigger hole to fill up a smaller hole with HIGH INTEREST RATE and this is certainly a very BAD BUSINESS PRACTICE not favourable to minority shareholders,that is why I have already liquidated 90% of my shareholding in TALAM.

2024-09-17 18:41

whistlebower99

FOR NEWBIES

TALAM TRANSFORM BERHAD ("TALAM" OR THE "COMPANY")

(I) PROPOSED SHARE CONSOLIDATION;
(II) PROPOSED PRIVATE PLACEMENT;
(III) PROPOSED SHARE CAPITAL REDUCTION;
(IV) PROPOSED DISPOSAL; AND
(V) PROPOSED ESOS

MULTIPLE PROPOSALS | https://www.klsescreener.com/v2/announcements/view/7979735

========
Shares consolidation then followed by massive shares issuance to PP and ESOS.

2024-09-27 19:22

Bull13

Share consolidation 5 become 1. Capital reduction. Private placement...RUN!!....

2 months ago

whistlebower99

FOR NEWBIES

TALAM TRANSFORM BERHAD (TALAMT) is the latest high NOSH penny stock proposing share consolidation followed by massive fund raising via share issuance to PP, ESOS.
This announcement is dated 27 Sep 2024.

================

List of high NOSH penny stocks with shares consolidation :-

2024 in progress - TALAMT, HM, VIZIONE, KGROUP
2024 completed - MQTECH, XOX, DESTINI, AEM, AT, FINTEC, TECHNAX, MLAB, BPURI,
2023 completed = JOE, ICON, MMAG, KOMARK, GOCEAN, AIM, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST
BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

Retail investors trapped at high price incurred huge losses caused by shares consolidation

2 months ago

lassy

Share consolidation is GOOD but timing is very important and if every proposals by TALAM is executed nicely and completed when the market is GOOD, Talam share price will go up BEYOND the MARKET CAP. before the proposal is executed .

2 months ago

lassy

If you have bought TALAM above 5 sen then whatever plan propose you still lost.Just calculate the market cap.of TALAM and see if the price justify..For Talam to go back to 10sen a piece now the market cap.is about RM500.00 million,I don't think it is worth that.

2 months ago

Good123

2259 TALAMT TALAM TRANSFORM BERHAD
General Meetings: Notice of Meeting
52047
Indication: Notice of Meeting
Description: (I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED PRIVATE
PLACEMENT;(III) PROPOSED SHARE CAPITAL REDUCTION;(IV) PROPOSED DISPOSAL;
AND(V) PROPOSED ESOS.(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Date of Meeting: 15/01/2025
Time of Meeting: 11:30 AM
Venue: Capredoca Grand BallroomLot 1.01, Level 1, Menara MaxisegarJalan Pandan
Indah 4/2, Pandan Indah55100 Kuala LumpurMalaysia
Date of General Meeting Record of Depositors: 08/01/2025
Outcome of Meeting:

You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

20/12/2024 07:00 AM

2 days ago

Good123

2.5sen x 5 = 12.5sen after consol

PROPOSED CONSOLIDATION OF EVERY FIVE (5) EXISTING ORDINARY SHARES IN TALAM
(“TALAM SHARE(S)” OR “SHARE(S)”) HELD BY THE SHAREHOLDERS OF TALAM ON AN
ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (“ENTITLEMENT
DATE”), INTO ONE (1) TALAM SHARE (“CONSOLIDATED SHARE(S)”) (“PROPOSED SHARE
CONSOLIDATION”)
“THAT subject to the approvals of all relevant parties and/or authorities being obtained (if required),
approval be and is hereby given to our Company to give effect to the consolidation of every 5 existing
Shares held by the entitled shareholders of our Company whose names appear on the Record of
Depositors of our Company as at the close of business on an entitlement date to be determined by the
Board of Directors of our Company (“Board”) and announced later by our Company into 1 Consolidated
Share;
THAT the Consolidated Shares shall, upon allotment and issuance, rank equally in all respects with one
another and that the fractional entitlements arising from the Proposed Share Consolidation shall be
disregarded and/or dealt with by the Board in such manner at its absolute discretion as it may deem fit
or expedient and in the best interest of our Company;
AND THAT the Board be and is hereby authorised with full power to do all such acts, deeds and things
and to execute and deliver on behalf of our Company all such documents and/or agreements as the
Board may deem fit, necessary or expedient or appropriate in the best interest of our Company, in
order to finalise, implement and/or give effect to the Proposed Share Consolidation with full power to
assent to any terms, conditions, modifications, variations and/or amendments as may be imposed or
required by the relevant authorities.”

2 days ago

Good123

Construction and property development company MGB Bhd (KL:MGB) said it will undertake mixed development and residential projects on 26 acres of land in Taman Bukit Serdang, Seri Kembangan with a combined gross development value (GDV) of RM861.35 million.

The company, which is 57.98%-owned by LBS Bina Group Bhd (KL:LBS), said it is teaming up with Talam Transform Bhd (KL:TALAMT) to develop 16.5 acres of land for a mixed development project that includes commercial shop lots and affordable housing under the Rumah Selangorku scheme.

MGB also signed a deal with Kandis Permai Sdn Bhd to develop 9.5 acres of Malay reserved land in the area into residential units exclusively for Bumiputera homeowners, the company said in a statement.

“We are excited to contribute to addressing the growing need for affordable housing in the Klang Valley while expanding our portfolio across both residential and commercial properties,” said MGB executive chairman Tan Sri Dr Lim Hock San.

“Through our developments, we incorporate IBS (industrialised building system) precast concrete technology, which is both efficient and cost-effective, delivering high-quality and comfortable homes. With each successful development, we move closer towards achieving our commitment to build up to 10,000 units of Rumah Selangorku within the state of Selangor,” he said.

With a construction order book of RM1.19 billion and unbilled property development sales amounting to RM693 million from ongoing projects as of Sept 30, along with the recent delivery of vacant possession for Idaman BSP, Lim said MGB is well-positioned for sustained growth in the second half of the year.

He added that MGB's 19 ongoing projects are expected to generate an estimated future revenue of RM4.02 billion in the coming years.

“Additionally, we have acquired 32 acres of land in Puchong to further replenish our existing land bank for future development projects. We remain committed to strengthening our reputation in the development and construction of affordable housing for all citizens,” he added.

Shares of MGB closed unchanged at 81.5 sen on Thursday, giving the company a market capitalisation of RM482.2 million.

2 days ago

Good123

Property developer Talam Transform Bhd (KL:TALAMT) said it plans to dispose of a 27.72-acre piece of land in Sepang to a unit of IJM Corp Bhd (KL:IJM) as partial debt repayment.

In a bourse filing, Talam Transform said its wholly owned subsidiary Talam Leisure Development Sdn Bhd (TLDSB) has agreed to sell the land to Ever Mark (M) Sdn Bhd (EMSB), a wholly owned subsidiary of IJM Properties Sdn Bhd. IJM Properties is a wholly owned unit of IJM Corp.

The deal involves the setting off of RM66 million of indebtedness, and a RM18 million interest waiver on the debt owed by Talam Transform to IJM Properties.

A variable entitlement of 30% of the profit after tax from EMSB’s project development will be payable to TLDSB, whereby a RM10 million sum will be payable to TLDSB over a 24-month installment period, commencing from the first sales launch of the project, said Talam Transform.

The land disposal, which is subject to approval from Talam Tranform's shareholders and relevant authorities, is expected to be completed in nine to 12 months, the loss-making group said.

The deal is expected to generate a net profit of RM30.26 million for Talam Transform, the group said.

In 2024, Talam Transform had successfully negotiated with IJM Group to extend the repayment of RM235.76 million owed to IJM by two years to May 2026, Talam Transform’s 2024 annual report showed.

Talam Transform saw its borrowings increase 60.45% to RM50.78 million as at March 31, 2024 (FY2024), from RM31.65 million FY2023. This translated to a net gearing of 0.18 times in FY2024, compared to 0.09 times in FY2023.

2 days ago

Good123

A new beginning in 2025. 😁😃

[TALAMT] EGM on 15-Jan-2025
Stock
[TALAMT]: TALAM TRANSFORM BERHAD
Announcement Date
20-Dec-2024
Reference No.
GMA-13122024-00003
Corporate Action ID
MY241213MEET0003
Type
EGM
Date & Time
15-Jan-2025 11:30
Depositor Date
08-Jan-2025
Venue
Capredoca Grand Ballroom Lot 1.01, Level 1, Menara Maxisegar Jalan Pandan Indah 4/2, Pandan Indah 55100 Kuala Lumpur
Description
(I) PROPOSED SHARE CONSOLIDATION; (II) PROPOSED PRIVATE PLACEMENT; (III) PROPOSED SHARE CAPITAL REDUCTION; (IV) PROPOSED DISPOSAL; AND (V) PROPOSED ESOS. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

2 days ago

Good123

The Extraordinary General Meeting (EGM) of Talam Transform Berhad (TALAMT), scheduled for January 15, 2025, presents a set of strategic proposals that could significantly benefit the company and its stakeholders. Here's why these proposals are a positive move for TALAMT:

1. Proposed Share Consolidation
Rationale: Share consolidation reduces the total number of shares outstanding by consolidating multiple shares into one, often boosting the stock price. This could make TALAMT more attractive to institutional investors, enhance liquidity, and improve its market perception. It also helps reduce share price volatility.
Long-Term Value: By consolidating shares, TALAMT may position itself for a more stable and stronger stock price performance, improving investor confidence and aligning the stock with larger peers.
2. Proposed Private Placement
Fundraising for Growth: A private placement allows TALAMT to raise capital from selected investors, which could be used for expansion, debt reduction, or strategic investments. This approach is quicker and often more flexible than public offerings, enabling TALAMT to tap into fresh funding without excessive dilution of existing shareholders' equity.
Strategic Partnerships: The placement could also attract strategic investors who bring value beyond capital, such as industry expertise or market access, further strengthening TALAMT's competitive position.
3. Proposed Share Capital Reduction
Enhanced Capital Efficiency: Reducing share capital can be a way to improve the company’s financial position, especially if it involves reducing accumulated losses. This can help the company streamline its balance sheet, increase its net assets per share, and potentially lead to a better valuation.
Improved Return on Equity (ROE): By reducing the number of shares, TALAMT could potentially increase its ROE, making it more attractive to investors seeking efficient capital use and higher returns.
4. Proposed Disposal
Strategic Asset Management: The disposal of non-core or underperforming assets allows TALAMT to focus on its key business areas, improve operational efficiency, and unlock cash for reinvestment into higher-value projects. This streamlining of assets can lead to stronger focus and better resource allocation.
Debt Reduction and Increased Liquidity: Proceeds from the disposal could be used to reduce debt or invest in growth opportunities, improving the company’s financial health and supporting its long-term growth trajectory.
5. Proposed Employee Stock Option Scheme (ESOS)
Incentivizing Employees: An ESOS is a powerful tool to align the interests of employees with those of shareholders, encouraging them to contribute to the company’s growth. By granting stock options, TALAMT can attract, retain, and motivate key talent, which is crucial for driving innovation and executing strategic plans.
Long-Term Value Creation: The ESOS helps in building employee loyalty and incentivizing performance. It also ensures that employees benefit from the company’s growth, creating a sense of ownership and responsibility.
Conclusion:
The proposals outlined for TALAMT's EGM on January 15, 2025, present a strong strategic direction for the company. The combination of share consolidation, private placement, share capital reduction, asset disposal, and ESOS can enhance TALAMT's financial strength, improve investor confidence, streamline operations, and align employee interests with company goals. These actions collectively position TALAMT for sustainable growth, improved market standing, and long-term shareholder value.

2 days ago

Good123

Special Tribute to The Late Tan Sri Dato’
(Dr) Ir Chan Ah Chye
We were deeply saddened with the loss of our late Tan Sri Dato’ (Dr) Ir Chan Ah Chye (“Tan Sri Chan”) who has
passed away peacefully on 11th June 2024.
Tan Sri Chan was a man of great intelligence, grit and was passionate in everything he did. He started his first
property development project known as Pandan Jaya in 1984 and further expanded to Pandan Indah and Pandan
Perdana respectively, which was named “Pandan Triangle” within a short time span of 5 years.
He then successfully accomplished a reverse takeover of Talam Corporation Berhad on 15th October 1990, a
company which he subsequently renamed, Talam Transform Berhad (“Talam”) by injecting Maxisegar Sdn Bhd
into it in exchange for 68,300,000 of Talam’s ordinary shares. The paid-up capital for Talam before the takeover
exercise was RM5,040,000 and it has grown many folds as at to date.
The golden thread that ran long through his life was his commitment to and passion in township development
with affordable housing. During his 40 years in property development businesses and before Talam went into dire
financial challenges in 2006, he had built more than 250,000 units of affordable homes consisting of low-cost
flats, apartments and terrace houses ranging from only RM25,000 to RM300,000 per unit. His involvement in
the affordable housing scheme program had indirectly benefited many B40, M40 and the poor, enabling them to
secure a roof over their heads.
Talam went into a financial crisis in 2006 and even when all seemed hopeless, he did not walk away but instead,
made every effort to settle with almost all the creditors over the years. Despite Talam being in financial distress,
Tan Sri Chan was resourceful, firm in his resolve and steadfast in advancing his cause by creating win-win solutions
for all parties, moving to foster positive relationships, but ultimately with the objective to fully settle all of Talam’s
debts one day. Through his sheer tenacity and single-minded effort, Talam’s indebtedness has been progressively
reduced from the peak of RM3 billion in year 2005 to less than RM0.4 billion as at to date. Had he not been firm in
that commitment, or hesitated or wavered in those dark days of Talam, the fate of Talam would have turned out
quite differently today.
Tan Sri Chan cared deeply for all his employees and his priority had always been for their welfare and wellbeing. He
was concerned for his employees not just in the abstract, but personally and individually. All of Talam’s employees
will remember him as a generous and kind-hearted leader, especially by his portrayal on the art of giving.
As the Company bids farewell to our beloved Tan Sri Chan, all members of his corporate family will dearly miss
him. His legacy will continue to echo in the hearts of fellow directors, the management and employees of Talam.
We will never forget his generosity and contributions to the Company and to society. It is now our duty to continue
carrying his entrepreneurial and philanthropic spirit, so that we can contribute to the change that we wish to see
in this country. Lastly, we would like to convey our deepest condolences to the family of the late Tan Sri Chan, may his soul rest in
peace and his sharing of knowledge as well as wisdom be embedded as a guiding star to us, for preparing Talam,
one of Tan Sri Chan’s greatest legacies, to continue beyond him.

2 days ago

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