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MONTHLY BULLETIN - April 2014 - For Members Only

2013 - Financial Results : HIGHER PROFITS

On behalf of the Board, I'm very pleased to announce that we are on course to post an unaudited profit of over RM2 Million (12 months) as compared to RM2,036 Million (15 months) the previous year. This represents a historic surge in profits. This is a quantum leap.

Yes, this is a stellar performance. A very impressive performance, very much due to the "Team P.T.C.S." (Penang Teachers' Co-op Society) Spirit of Board Members, Manager and Staff and most importantly our loyal and supportive members.

Yes, we have delivered on what we set out to do. We have answered your call for higher returns on your savings.

We would like to share this momentous achievement with all of you as we couldn't have done it without you.

4.8% Bonus Share - Sale of D'Piazza Mall
Another piece of good news - approval has been received from SKM (Suruhanjaya  Koperasi Malaysia) to disburse the 4.8% capital gain from the sale of our property, D'Piazza Mall. The bonus share due to you has been credited into your designated bank account registered with the co-operative.

For those who have yet to register your bank account for withdrawal of dividend/bonus share with us and wish to make withdrawal of the bonus share, please do so on or before 25 April 2014 as there will be a final round of withdrawal allowed at the end of April 2014. Please take note that NO CHEQUE WITHDRAWAL FOR DIVIDEND/BONUS WILL BE ALLOWED EFFECTIVE FROM THE YEAR 2014

Oil Palm Planter's Scheme - Have you Invested?
On conclusion of a successful investment seminar held on 22nd February, 2014, some members have invested RM452,216.00 in the above scheme. What about you? It's not too late as it's still open.

This scheme is a secure and attractive venture as your capital outlay is returned at the end of the 8th year. Loans will be made available to members who are interested in investing in this scheme. Contact the office for more details.

Thank you.