The Board of Directors of Tiger Synergy Berhad (“TSB” or “the Company”) is pleased to announce that the Company has agreed to dispose the entire shares of JSB comprising of 1,000,000 ordinary shares of RM 1 each in JSB for a total consideration of RM 1,000.00 to Bermont Development Sdn. Bhd. (“BDSB”). The details of the announcement are started below.

As a result of this disposal, JSB will cease to be a subsidiary company of TSB.

Information of JSB

JSB (Co.No. 369412-H), a company incorporated pursuant to the laws of Malaysia and having its’ registered address at Wisma Hwa Lian, No. 482, 2nd Floor, Jalan Zamrud 6, Taman Ko-Op, 70200 Seremban, Negeri Sembilan Darul Khusus.
The authorised share capital of JSB is RM1,000,000.00 comprising of 1,000,000 ordinary shares of RM1.00 each which is fully issued and paid up.

Information of BDSB

BDSB (Co. No. 1027593-A), a company incorporated pursuant to the laws of Malaysia and having its’ registered address at Wisma 1 Alliance, Unit 3A-B (Room B), 4th Floor, No.1, Lorong Kasawari 4B, Taman Eng Ann, 41150 Klang, Selangor Darul Ehsan. It has an authorised share capital of RM100,000.00 with issued paid up capital of RM2.00. The Directors of BDSB are Wong Kiew and Cheok Chen Nam.

Date and Original Cost of Investment

The original cost of investment of JSB was NIL.

Disposal Consideration

The total cash consideration of RM1,000.00 is on a willing buyer willing seller basis and was arrived at on a commercial arms length basis.

Financial Effects on the Disposal

a) Share Capital and Substantial shareholders’ shareholdings

The Disposal will have no effect on the share capital and substantial shareholders’ shareholding in the Company.

b) Earnings

The Disposal is not expected to have any material effect on the earnings per share of the Company for the financial year ending 31st December 2011.

c) Net Assets (“NA”)

The Disposal is not expected to have any material effect on the NA per share of the Company for the financial year ending 31st December 2011.

d) Gearing

The Disposal is not expected to have any material effect on the gearing level of the Company for the financial year ending 31st December 2011.

Interest of Directors, Substantial Shareholders and Persons Connected to Such Directors And / Or Substantial Shareholders.

None of the Directors and substantial shareholders of the Company and Persons connected with them has any direct or indirect interest in the Disposal.

Approval Required

The Disposal is not subject to the approval of the shareholders of the Company and the relevant government authorities.

Directors’ Recommendation

The Board of Directors is of the opinion that the Disposal is in the best interest of the Company.

Estimated Timeframe to Complete

The Disposal is expected to be completed within Thirty (30) days from the date of this announcement.

Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

The highest percentage ratio pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad applicable to the Disposal is 0%

Company Name
:
TIGER SYNERGY BERHAD
Stock Name
:
TIGER
Date Announced
:
04/06/2013


Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description
:
TIGER SYNERGY BERHAD ("TSB" or "the Company") PROPOSED DISPOSAL OF THE ENTIRE ISSUED AND PAID UP CAPITAL
IN JANAVISTA SDN. BHD. (“JSB”), A WHOLLY-OWNED SUBSIDIARY OF TIGER SYNERGY BERHAD (“THE COMPANY”)

yesterday news

http://www.theedgemalaysia.com/highlights/240552-patimas-makes-police-report-after-audit.html

I compared with previous financial report, alrdy improved

Gt news come out!! New financial report and change in boardroom!!! Anyone can help to analyse good news or bad news?

Type Announcement
Subject OTHERS
Description PATIMAS COMPUTERS BERHAD ("Patimas" OR "the Company")
COMPLETION OF INVESTIGATIVE AUDIT REPORT BY UHY ADVISORY (KL) SDN BHD


Reference is made to the Company’s announcements on 17 October 2012 and 14 May 2013.

Patimas wishes to update that the Chairman of the Audit Committee has today made a police report based on the findings of the Investigative Audit Report.
This announcement is made on 30 May 2013.

i don think nobody dont know the announcement earlier, especially after 4:45pm, still buying 0.65; and i doubt why Dato sold out at that moment? and after he sold out the price still very stable...strange

My target also 0.10, but not sure can make it by this week or not, seem like a bit greedy

Why? U gt any news?

Lai liao

I think will fly before the announcement, no matter its good or bad news. Reason? U thk by urself!

MEMORANDUM OF UNDERSTANDING

Description
:
PATIMAS COMPUTERS BERHAD (“Patimas” or “the Company”)
- Updates of the Memorandum of Understanding



Announcement Details/Table Section :


Reference is made to the Company’s announcement dated 19 February 2013.


The Board of Directors of the Company wishes to announce that the due diligence on Party A is still in progress.


The Board of Directors of the Company will discuss the status of the Memorandum of Understanding at the forthcoming Board meeting which is scheduled to be held by end of the month, and an announcement will be made accordingly after the said board meeting.


This announcement is made on 21 May 2013.