Rapid Synergy Berhad

$SHANG / 5517 (SHANGRI-LA HOTELS (MALAYSIA) BERHAD)
$YNHPROP / 3158 (YNH PROPERTY BERHAD)
$RAPID / 7765 (RAPID SYNERGY BERHAD)
$IMASPRO / 7222 (IMASPRO CORPORATION BERHAD)

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

PENANG DEVELOPMENT CORPORATION UNVEILS RM5 BILLION STRATEGIC PLAN

PDC CEO, Datuk Aziz Bakar, said they have 15 projects under its 2024–2028 strategic plan that will cost an estimated RM5 billion.
- Start increasing their land bank now to be developed into industrial lands (est. deplete by 2030).
• To attract more investors, so that when they come, the infrastructure is ready for them.

1. Acquisition of land
(a) RM3 billion = To acquire the 3,000 acres of land in North, Central, and South Seberang Perai.

2. Land reclamation to increase their land bank.
(a) PDC is creating a complete ecosystem to support the industrial sector, which includes a distribution hub for logistics and workers’ quarters.
(b) They have launched 4 workers’ quarters projects in the Bandar Cassia area – 1 developed by PDC, 3 more by private sector (can house >30,000 workers in the area)
- One, in Penang Science Park North, is expected to be completed this August.
- Another two, in Penang Science Park South and Batu Kawan Industrial Park 3 (BKIP3), are still pending planning approvals.
- The fourth, located in Bandar Cassia, has been awarded to a developer to design and build before handing over to PDC.

3. Development of Industrial Lands
- The industrial lands PDC developed will be based on the “infra ready concept”, especially in BKIP3 and Batu Kawan Technology Park (BCTP).
(a) An 80-acre land near the Penang International Airport will be developed into a logistics and distribution park.
(b) A logistic hub will be developed on a 24.6-acre land in the Batu Kawan Industrial Park in Bandar Cassia.

4. Other Projects
- The PDC strategic plan is focused on land innovation, asset innovation, business sustainability and smart professional (LABS).
(a) Developing a linear waterfront for mixed development on 200 acres of land, will be reclaimed in Bayan Lepas at a cost of RM760 million.
(b) Develop a Medi-City project in Bandar Cassia, together with interested investors, to create an integrated medical hub at a cost of RM12 billion.

5. Potential Beneficiaries
- $PARAMON / 1724 (PARAMOUNT CORPORATION BERHAD) , developer who owns 83 acres in Penang.
- $RAPID / 7765 (RAPID SYNERGY BERHAD) , Seberang Perai Selatan, 21.35 acres
- $SCIENTX / 4731 (SCIENTEX BERHAD) , Seberang Perai Utara, 343.20 acres
- $SPSETIA / 8664 (S P SETIA BERHAD) , Seberang Perai Utara, 1691 acres
- $TAMBUN / 5191 (TAMBUN INDAH LAND BERHAD) , Seberang Perai Selatan and Tengah, 420 acres


Sources:
https://cutt.ly/Xw4uEVcg
https://cutt.ly/gw4uEBtY

@terence775 seems like got fighting now at $RAPID / 7765 (RAPID SYNERGY BERHAD)

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

KUALA LUMPUR: Rapid Synergy Bhd’s share price hit a high of RM1.46 a share today after the company said it agreed to a RM12.5 million liquidated damages condition in the sale of its Sri Hartamas land in view of costs to be incurred by the purchaser for plot ratio approvals and earth and clearing works.

© New Straits Times Press (M) Bhd

RAPID - Trading Halt and Resumption of Trading

Proposed disposal of all that parcel of the freehold land held under Individual Title Hakmilik Sementara Daftar 123441 PT 50158, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur bearing postal address of Lot No. 48650, Jalan 29/70A, Sri Hartamas, 50480 Kuala Lumpur for total consideration of Ringgit Malaysia Thirty-Nine Million (RM39,000,000) only

Changes in Director's Interest (Section 219 of CA 2016) - MR CHING NYE MI @ CHIENG NGIE CHAY (Amended Announcement)

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period (Amended Announcement)

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period (Amended Announcement)

Changes in Director's Interest (Section 219 of CA 2016) - MR CHING NYE MI @ CHIENG NGIE CHAY

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period

Loss of MYR 420 Mill of 2 Billion is nothing i believe. But the pain is on the retail investor. I wonder, why he didn't hold it, that's means this stock going to lou sai soon. $YNHPROP / 3158 (YNH PROPERTY BERHAD) $RAPID / 7765 (RAPID SYNERGY BERHAD) $IMASPRO / 7222 (IMASPRO CORPORATION BERHAD)

https://cutt.ly/swZgtjSs

$RAPID / 7765 (RAPID SYNERGY BERHAD) $YNHPROP / 3158 (YNH PROPERTY BERHAD) $SCIB / 9237 (SARAWAK CONSOLIDATED INDUSTRIES BERHAD) $WIDAD / 0162 (WIDAD GROUP BERHAD) $LEFORM / 0266 (LEFORM BERHAD)

PETALING JAYA: Rapid Synergy Bhd is disposing of a 4,716 sq metre parcel of the freehold land in Sri Hartamas, Kuala Lumpur to Exsim Putra Permai 45 Sdn Bhd for RM39mil.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSRapid Synergy Berhad ("RSB" or "the Company")
Proposed disposal of all that parcel of the freehold land held under Individual Title Hakmilik Sementara Daftar 123441 PT 50158, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur bearing postal address of Lot No. 48650, Jalan 29/70A, Sri Hartamas, 50480 Kuala Lumpur for total consideration of Ringgit Malaysia Thirty-Nine Million (RM39,000,000) only

UNUSUAL MARKET ACTIVITY

$RAPID / 7765 (RAPID SYNERGY BERHAD) $YNHPROP / 3158 (YNH PROPERTY BERHAD)

$RAPID / 7765 (RAPID SYNERGY BERHAD) $YNHPROP / 3158 (YNH PROPERTY BERHAD) $SCIB / 9237 (SARAWAK CONSOLIDATED INDUSTRIES BERHAD) $MERCURY / 8192 (MERCURY INDUSTRIES BERHAD) $KLSE-JSB

$RAPID / 7765 (RAPID SYNERGY BERHAD) $YNHPROP / 3158 (YNH PROPERTY BERHAD) $IMASPRO / 7222 (IMASPRO CORPORATION BERHAD)

$RAPID / 7765 (RAPID SYNERGY BERHAD) $YNHPROP / 3158 (YNH PROPERTY BERHAD)

KUALA LUMPUR: Rapid Synergy Bhd, YNH Property Bhd, and Sarawak Consolidated Industries Bhd (SCIB) have succumbed to selling pressure, hitting the limit down on Tuesday.

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

KUALA LUMPUR: Rapid Synergy Bhd, the top loser on Bursa Malaysia, has received an unusual market activity (UMA) query from Bursa Malaysia Securities Bhd on the sharp fall in its share price.

RAPID - Unusual Market Activity

OTHERSRAPID SYNERGY BERHAD
APPOINTMENT OF AUDITORS

Trading Halt and Resumption of Trading