For those who are holding ipmuda, you may continue to hold it. You can also choose to take profit if you want to. Those who haven't get on board, it's not too late.
You need to hold until mid November to see the price run up to above RM 2. The choice is yours and please decide.
The news is expected to be announced in mid Nov or coincide with the EGM, we don't know.

Wait for AGM

Please buy now and keep. Don’t hurry for sell. Good things going to happen

Summary of the news released just now during lunch break

EGM on 12 Nov to approve the following :-

1. Disposable of land for RM 82m
2. Special dividend 30c
3. Bonus issue 2 for 2 with 3 free warrants
4. Rights issue 1 for 1 @ 30c
5. Acquisition of hospital for RM 18m

Guys please don’t miss the chance. I won’t say much. Your money you decide

Just wait and see

Don’t get panic

$SYF / 7082 (SYF RESOURCES BERHAD) $INSAS / 3379 (INSAS BERHAD) $M&A Securities Sdn Bhd

What is happening in these 3 companies ?

Story Breakdown.

1. M&A Securities Sdn Bhd is a brokerage firm, a wholly-owned subsidiary of INSAS.

2. INSAS is a substantial shareholder in SYF with 8.8% stake currently.

3. INSAS to inject M&A into SYF for a blackdoor listing on Main Marker for M&A via SYF. This listing is important for M&A Group to raise its own equity and debt funding requirement through capital market which is separated from INSAS, as well as to expand its customer base, retain and attract new employees from financial services industry.

4. INSAS will dispose 100% stake in M&A and buy into SYF.

5. M&A Securities Sdn Bhd will then change name to M&A Capital Bhd.

6. INSAS stake in SYF will increase from current 8.8% to 75.9% which emerge as new controlling shareholder in SYF.

7. By doing this, INSAS will transform SYF into financial services group from current furniture manufacturing business.

8. SYF will then dispose its rubberwood furniture manufacturing arm and two parcels of land for RM71.2mil cash.

9. SYF will undertake a special dividend 7sen and capital repayment 11sen, total of 18sen special dividend cum capital repayment to its shareholder, entitlement date to be determined later.

10. SYF net asset value per share will be 15sen after the proposed disposal and special dividend cum capital repayment.

11. Lastly, SYF proposed 1-to-2 right issues at 14sen/shares to raise RM39.8mil.

Hope this breakdone can help readers to digest and for investors who looked into SYF furniture manufacturing business, time to study again their new business.

Special dividend RM0.07
Capital repayment RM0.11
Total to receive RM0.18

As I said earlier SYF will limit up tomorrow. Get ready guys. SMTM

All good news and nothing to be worried. Stay patiently

Suspended and will be at 0.60 during opening. Please take note guys.