With the recent completion of the proposed disposal of Great Platform Sdn Bhd on 27 February 2018, the Group received cash consideration of RM58.6m. The proceeds will provide the necessary capital for the acquisition of suitable land bank and other new investments.
7082 SYF SYF RESOURCES BHD Immediate Announcement on Shares Buy Back
Date of Buy Back : 23/03/2018 Description of Shares Purchased : Ordinary Shares No. of Shares Purchased : 818,500 shares Minimum Price Paid For Each Share Purchased : RM 0.295 Maximum Price Paid For Each Share Purchased : RM 0.300 Total Consideration Paid : RM 245,500.00 No. of Shares Purchased Retained in Treasury : 818,500 shares No. of Shares Which Are Proposed To Be Cancelled : 0 shares Cumulative Net Outstanding Treasury Shares As At To-Date : 2,123,300 shares Adjusted Issued Capital After Cancellation : 619,239,012 Date Lodged With Registrar of Company : Lodged By :
Remarks: You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
drop like no tomorrow. warrant drop until 0.04..anyone can share whether it will rebound? saw the announcement that the loss is coming from great platform..thought will be better after sell it off to meico??
From my point of view it will rebound. But when is the matter of question. There are too many reasons making stock crash. First is now 2018. Back to 1997-8 2008. Stock market crash. Why? Because there is no correction about a year or two nor three. Second ringgit is stronger because of pre election and campaign from the government. Stronger ringgit making trader to sell their shares for foreign exchange. And the company suffered from selling. Right now We're grateful the company bought back their shares for keeping the price don't fall to penny stock zone. Which is more likely gambling stock. Would be more horrible if margin trader or low budget trader entering this stock.Third is now trump campaigning trade war between china. Other country too, they made trade war silently by increasing tariff for importing stuff. Ok this is just my two cents. Do your own homework. Don't blame me if I'm wrong.
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....
azmuzick
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Posted by azmuzick > 2018-03-21 13:41 | Report Abuse
With the recent completion of the proposed disposal of Great Platform Sdn Bhd on 27 February 2018, the Group received cash consideration of RM58.6m. The proceeds will provide the necessary capital for the acquisition of suitable land bank and other new
investments.