SYF RESOURCES BHD
KLSE (MYR): SYF (7082)
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Last Price
0.215
Today's Change
0.00 (0.00%)
Day's Change
0.215 - 0.22
Trading Volume
901,000
Entitlement
Upcoming
Happening
| Ann. Date | Ex Date | Type | Subject | Amount |
|---|
Discussions
6 people like this. Showing 50 of 3,160 comments
besides the timeline extension .... hope he won;t alter other terms of the proposal ........
2022-08-04 10:11
Price 30-31 cents
Its a done.consider again if drop below 27 cents.
3/10/2022 12.39pm
2022-10-03 12:40
Syf share must trade above 32cts otherwise nobody would want to subscribe to the RI at 14cts.
2022-10-06 15:40
With the latest announcement last nite, all proposals are now inter-conditional upon one another. i view it as a negative sign.
2022-10-14 09:56
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
2022-10-14 20:23
Those sold above 0.32 can consider to buy back now .... safety margin is 0.32.... :-)
2022-11-11 16:35
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 !!
2022-11-15 08:47
Time for TANCO to soar.. with TP 38 cents ++ in next 2 trading days as per DatoKyle !
2022-11-15 16:57
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.
2022-11-17 14:46
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 ..... :-)
2022-11-18 13:37
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) ...... ;-(
2022-11-22 10:13
New share issued at 0.22 cent and 0.18 capital repayment to shareholder. At least worth 0.40cent
2022-12-17 09:49
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.
2022-12-25 09:50
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
2023-01-04 08:47
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.
2023-03-01 11:07
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.
2 months ago
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.
2 months ago
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 ...... :-)
2 months ago
Sorry, what's the story with SYF? Speakup no follow SYF.
SYF sell furniture biz to Mieco, and use the money to buy M&A from Insas? Izzit?
2 months ago
SYF sold all its existing business and return part of the proceeds to shareholders,
let Insas injects M&A securities to replace, so called, reversed take over.
2 months ago
On behalf of the Board, Malacca Securities wishes to announce that the disposal of two (2) parcels of freehold land under GM 403, Lot 1461, Mukim Ceras, Daerah Hulu Langat, Negeri Selangor and GM 1128, Lot 1464, Mukim Ceras, Daerah Hulu Langat, Negeri Selangor held by Nikmat Sekitar and Nuri Meriah respectively, both indirect wholly-owned subsidiaries of SYF to Juta for a total disposal consideration of RM21.20 million has been completed on 9 May 2023.
This announcement is dated 9 May 2023.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Going to announce another 11sen div /cap repayment soon ......
3 weeks ago
SYF RESOURCES BERHAD
Capital repayment exercise pursuant to Section 116 of the Companies Act, 2016 by way of cash distribution of RM0.11 per SYF Share upon completion of the Disposal of Freehold Land
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Repayment” as from: 23 May 2023
2) The last date of lodgment : 24 May 2023
3) Date Payable : 07 Jun 2023
2 weeks ago
The mother share is 0.33.After capital repayment 0.11, the mother share is 0.22.
This is same as RI. Who would want to subscribe to RI? No discount
2 weeks ago
Particulars of substantial Securities Holder
Name DATO' SRI THONG KOK KHEE
No Date of change No of securities Type of Transaction Nature of Interest
1 10 May 2023 1,009,090,909 Others Indirect Interest
Being ordinary shares issued and allotted by SYF Resources Berhad to Insas Berhad as consideration for the disposal of the entire Ordinary Shares and Redeemable Convertible Preference Shares in M & A Securities Sdn Bhd by Insas Berhad to SYF Resources Berhad
Indirect/deemed interest (units) 1,059,106,109
Indirect/deemed interest (%) 67.119 %
2 weeks ago
Entitlement subject Rights Issue
Type Renounceable
Entitlement description RENOUNCEABLE RIGHTS ISSUE OF 284,436,506 NEW ORDINARY SHARES IN SYF RESOURCES BERHAD ("SYF" OR "COMPANY") ("SYF SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING SYF SHARES HELD BY THE ENTITLED SHAREHOLDERS OF SYF AT 5.00 P.M. ON 30 MAY 2023 AT AN ISSUE PRICE OF RM0.22 EACH ("RIGHTS ISSUE")
Ex-Date 29 May 2023
Entitlement date 30 May 2023
Entitlement time 5:00 PM
2 weeks ago
A total of 284,436,506 x 0.22 = 62.57 m will be raised from the RI.
On behalf of the Board, Malacca Securities wishes to announce that the Company had on 12 May 2023 entered into an underwriting agreement with Malacca Securities in relation to the Rights Issue whereby Malacca Securities will underwrite 259,428,906 Rights Shares representing 91.21% of the Rights Shares to be issued on a full subscription basis.
2 weeks ago
Entitlement subject Important Relevant Dates for Renounceable Rights
Description RENOUNCEABLE RIGHTS ISSUE OF 284,436,506 NEW ORDINARY SHARES IN SYF RESOURCES BERHAD ("SYF" OR "COMPANY") ("SYF SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING SYF SHARES HELD BY THE ENTITLED SHAREHOLDERS OF SYF AT 5.00 P.M. ON 30 MAY 2023 AT AN ISSUE PRICE OF RM0.22 EACH ("RIGHTS ISSUE")
Despatch Date 01 Jun 2023
Date for commencement of trading of rights 31 May 2023
Date for cessation of trading of rights 08 Jun 2023
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 22 Jun 2023
Last date and time for :
Sale of provisional allotment of rights 07 Jun 2023 05:00 PM
Transfer of provisional allotment of rights 09 Jun 2023 04:30 PM
Acceptance and Payment 15 Jun 2023 05:00 PM
Excess share application and payment 15 Jun 2023 05:00 PM
Available/Listing Date 30 Jun 2023
2 weeks ago
M & A Securities financial results for the past 5 years,
FYE 30 June 2018(RM’000)
FYE 30 June 2019
FYE 30 June 2020
FYE 30 June 2021
FYE 30 June 2022
Revenue
32,162
26,314
36,978
68,906
48,541
PBT
10,042
8,818
12,814
24,825
22.809
PAT
7,231
6,618
9,217
18,813
17,917
2 weeks ago
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2022-08-03 14:57