August 28, 2012

Company announcements: IJM, SEAL, PELIKAN, PANSAR, BONIA, ITRONIC, CHEEWAH, WCT, PLS, SEG

IJM - Quarterly rpt on consolidated results for the financial period ended 30/6/2012

Announcement Type: Financial Results
Company NameIJM CORPORATION BERHAD  
Stock Name IJM    
Date Announced28 Aug 2012  
CategoryFinancial Results
Reference NoIC-120828-92ADD

Financial Year End31/03/2013
Quarter1
Quarterly report for the financial period ended30/06/2012
The figureshave not been audited

Attachments

IJM13Q1.pdf
142 KB


Remarks :
This announcement is also available for reference at www.ijm.com.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2012
30/06/2011
30/06/2012
30/06/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
1,041,686
1,033,791
1,041,686
1,033,791
2Profit/(loss) before tax
166,215
201,610
166,215
201,610
3Profit/(loss) for the period
119,514
153,638
119,514
153,638
4Profit/(loss) attributable to ordinary equity holders of the parent
88,833
115,030
88,833
115,030
5Basic earnings/(loss) per share (Subunit)
6.43
8.51
6.43
8.51
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
3.8500
3.8700
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


SEAL - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameSEAL INCORPORATED BERHAD  
Stock Name SEAL    
Date Announced28 Aug 2012  
CategoryGeneral Announcement
Reference NoSI-120828-63400

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionNotice of Demand

We refer to our earlier announcement dated 10 August 2012,�the Board of Directors of Seal Incorporated Berhad ("SEAL" or "the Company") wishes to announce that its subsidiary company, Great Eastern Mills Berhad ("GEM") has further received a letter on 27 August 2012 from the solicitors of Timber Employees Union, Peninsular Malaysia ("the Union"), enclosing a statutory demand pursuant to Section 218 of the Companies Act 1965 (Act 125).

The Board of Directors of the Company is of the opinion that the Company has a good chance to succeed in defending the claim and will file an application for injunction restraining the Union from carrying out the winding up action on the ground that all outstanding debts have been fully settled by way�of acceptance�of 2,000 acres of concession quota by the Union.

The claim will not have any material financial or operational impact on SEAL Group.

This announcement is dated 28 August 2012.



PELIKAN - Quarterly rpt on consolidated results for the financial period ended 30/6/2012

Announcement Type: Financial Results
Company NamePELIKAN INTERNATIONAL CORPORATION BERHAD  
Stock Name PELIKAN    
Date Announced28 Aug 2012  
CategoryFinancial Results
Reference NoPI-120828-98291

Financial Year End31/12/2012
Quarter2
Quarterly report for the financial period ended30/06/2012
The figureshave not been audited

Attachments

2Q 30 6 2012 - Notes.pdf
374 KB


Remarks :
The preceeding year corresponding individual and culmulative quarters have been restated.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2012
30/06/2011
30/06/2012
30/06/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
427,720
505,076
845,243
965,826
2Profit/(loss) before tax
119
16,753
8,766
21,053
3Profit/(loss) for the period
-6,143
10,397
-485
10,561
4Profit/(loss) attributable to ordinary equity holders of the parent
-2,452
12,812
3,057
17,496
5Basic earnings/(loss) per share (Subunit)
-0.49
2.53
0.61
3.45
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.3600
1.6800

Remarks :
The preceeding year corresponding individual and culmulative quarters have been restated.
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


PANSAR - Quarterly rpt on consolidated results for the financial period ended 30/6/2012

Announcement Type: Financial Results
Company NamePANSAR BERHAD  
Stock Name PANSAR    
Date Announced28 Aug 2012  
CategoryFinancial Results
Reference NoCC-120828-34561

Financial Year End31/03/2013
Quarter1
Quarterly report for the financial period ended30/06/2012
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2012
30/06/2011
30/06/2012
30/06/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
108,578
95,111
108,578
95,111
2Profit/(loss) before tax
7,002
6,257
7,002
6,257
3Profit/(loss) for the period
5,232
4,590
5,232
4,590
4Profit/(loss) attributable to ordinary equity holders of the parent
5,232
4,590
5,232
4,590
5Basic earnings/(loss) per share (Subunit)
1.87
1.64
1.87
1.64
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.4900
0.4700
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


BONIA - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA    
Date Announced28 Aug 2012  
CategoryGeneral Announcement
Reference NoBC-120828-F9F1F

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionBONIA CORPORATION BERHAD ("Bonia" or "Company")
RECEIPT OF NOTICE OF TAKE-OVER OFFER

The Board of Directors of Bonia (“Board”) wishes to announce that it has on even date received a Notice of Take-Over Offer (“Notice”) from AmInvestment Bank Berhad, on behalf of Freeway Team Sdn Bhd, Chiang Sang Sem and Chiang Fong Yee (collectively the “Joint Offerors”), in respect of the Joint Offerors’ obligation to extend an unconditional mandatory take-over offer to acquire all the remaining 100,448,526 ordinary shares of RM0.50 each in Bonia (“Bonia Shares”) (“Offer Share(s)”) representing approximately 49.83% of the issued and paid-up share capital of Bonia, which are not already owned by the Joint Offerors and the persons acting in concert (“PACs”) with them for a cash offer price of RM2.04 per Offer Share (“MGO”).

The Board has deliberated on the MGO and wishes to announce that the Board does not intend to seek an alternative offer for the Bonia Shares as the Joint Offerors and the PACs with them hold more than 50% of the issued and paid-up share capital of Bonia.

In accordance with the Malaysian Code on Take-Overs and Mergers 2010, the Board will appoint an Independent Adviser to advise the non-interested directors and non-interested shareholders of Bonia in relation to the MGO.

A copy of the Notice is attached herewith and will be posted to the shareholders of Bonia within seven (7) days of its receipt.

This announcement is dated 28 August 2012.

Attachments

Notice of Take-Over Offer.pdf
392 KB



ITRONIC - Quarterly rpt on consolidated results for the financial period ended 30/6/2012

Announcement Type: Financial Results
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC    
Date Announced28 Aug 2012  
CategoryFinancial Results
Reference NoCS-120828-390E3

Financial Year End31/12/2012
Quarter2
Quarterly report for the financial period ended30/06/2012
The figureshave not been audited

Attachments

IB Q2 2012 Report.pdf
70 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2012
30/06/2011
30/06/2012
30/06/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
9,517
14,646
20,422
21,559
2Profit/(loss) before tax
-1,324
1,389
-1,754
-516
3Profit/(loss) for the period
-1,407
1,151
-1,897
-823
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,604
1,101
-2,107
-780
5Basic earnings/(loss) per share (Subunit)
-1.70
1.17
-2.24
-0.83
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.5300
0.5500
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


CHEEWAH - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameCHEE WAH CORPORATION BERHAD  
Stock Name CHEEWAH    
Date Announced28 Aug 2012  
CategoryGeneral Announcement
Reference NoCW-120827-34295

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionDissolution of Three Wholly-owned Subsidiaries under Members’ Voluntary Winding Up - Chee Wah Resources Sdn. Bhd., Campap Sdn. Bhd. and Evergreen Converter Sdn. Bhd.

Reference is made to the announcement submitted by Chee Wah Corporation Berhad (“CWCB”) on 28 March 2012 (Announcement Reference No. CW-120328-48193) in relation to the commencement of members’ voluntary winding up of its three wholly owned subsidiaries, namely Chee Wah Resources Sdn. Bhd. (“CWR”), Campap Sdn. Bhd. (“CSB”) and Evergreen Converter Sdn. Bhd. (“EC”).

CWCB hereby announces that the liquidators of CWR, CSB and EC had called respective general meetings pursuant to section 272(1) of the Companies Act, 1965 (“the Act”) on 28 August 2012 (“Final Meeting”). CWR, CSB and EC shall be dissolved on the expiration of three months after the lodging of a return required by section 272(3) of the Act, which the liquidators of CWR, CSB and EC shall lodge with the Registrar of Companies and the Official Receiver within 7 days from the date of the Final Meeting.

This announcement is dated 28 August 2012.



WCT - General Announcement

Announcement Type: General Announcement
Company NameWCT BERHAD  
Stock Name WCT    
Date Announced28 Aug 2012  
CategoryGeneral Announcement
Reference NoWW-120827-66719

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDKA-120827-54813
SubjectACQUISITION OF A COMMERCIAL LAND BY WCT HARTNANAH JAYA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WCT LAND SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF WCT, FROM IDAMAN USAHAMAS SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM180,000,000 ("THE ACQUISITION")
DescriptionWe refer to your letter dated 27 August 2012 in respect of the Company’s announcement pertaining to the Acquisition and are pleased to furnish below the following additional information for public release:-
Query Letter Contents We refer to your Company's announcement dated 23 August 2012 in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. To state the net book value of the land.
2. Justification(s) for the disposal consideration.
3. The market value of the land as appraised by PA International Property
Consultants Sdn Bhd.
4. To state the following on the abandoned shopping mall
(i) age
(ii) gross built-up area
(iii) any incumbrances
(iv) other relevant information
5. To state whether the deposit amounting to RM18 million has been paid.
6. To state the liabilities to be assumed by WCT and WCT Hartanah including
contingent liabilities and guarantees.
7. To state the risk in relation to the transaction.
8. To state the acqusition is exempeted from the approval of shareholders of
the Company based on which paragraph of the Listing Requirements.
9. To state the expected date to submit planning development to relevant
authorities and expected date to commence development on the land.
10. To incorporate a statement from Audit Committee as per Appendix 10C(3) of
the Listing Requirements.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully

KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation

copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)

1.������������ The net book value of the Land is RM124,548,127-00.

2.������ The Purchase Consideration of RM180,000,000 for the Acquisition was arrived at on a willing-buyer willing-seller basis after taking into consideration, inter-alia, the fair market value of the Land and an abandoned shopping mall as appraised by PA International Property Consultants Sdn Bhd vide its Certificate of Valuationusing the comparison and cost method of valuation.

3.������ The market value of the Land together with an abandoned shopping mall as appraised by PA International Property Consultants Sdn Bhd is RM180,000,000-00.

4.������ The information on the abandoned shopping mall are as follows:-

(i)����� The abandoned shopping mall received its Certificate of Fitness in year 2000.

(ii)���� The Gross built-up area is approximately 1,906,084 square feet.��

(iii)��� Save for a private caveat by a third party, the Land is free from encumbrances. It is a condition precedent of the Sale and Purchase Agreement (SPA) that the caveat shall have been removed (at the Vendor's costs) within 6 months from the date of the SPA.

5.������ The deposit amounting to RM18.0 million has been paid on 23 August 2012, the date of the Sale and Purchase Agreement.

6.������ There are no liabilities to be assumed by WCT and WCT Hartanah including contingent liabilities and guarantees from the Acquisition.

7. ����� The risk for the Acquisition will be the general risks associated with property development.

8.������ The Acquisition is exempted from the approval of the shareholders of the Company based on the Listing Requirements, Chapter 10.08 (11) (j) (ii) and (m).

9.������ The Company is expected to submit its planning development to the relevant authorities by the second quarter of 2013 and the development of the Land is expected to commence by the fourth quarter of 2013.

10.���� The Statement from Audit Committee as per Appendix 10C (3) of the Listing Requirements is as follows:-

Statements by the Audit Committee

The Audit Committee, having considered all aspects of the Acquisition, including the rationale of the Acquisition and the valuation on the Land, is of the opinion that the Acquisition is:-

(a)����� in the best interest of WCT Group;

(b)���� on fair, reasonable and normal commercial terms; and

(c)����� not detrimental to the interest of the Company’s minority shareholders.

This announcement is dated 28th August 2012.



PLS - Quarterly rpt on consolidated results for the financial period ended 30/6/2011

Announcement Type: Financial Results
Company NamePLS PLANTATIONS BERHAD  
Stock Name PLS    
Date Announced28 Aug 2012  
CategoryFinancial Results
Reference NoPP-120827-57049

Financial Year End31/03/2012
Quarter1
Quarterly report for the financial period ended30/06/2011
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2011

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2012
30/06/2011
30/06/2012
30/06/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
19,503
21,763
19,503
21,763
2Profit/(loss) before tax
3,405
4,876
3,405
4,876
3Profit/(loss) for the period
2,587
4,746
2,587
4,746
4Profit/(loss) attributable to ordinary equity holders of the parent
2,708
4,286
2,708
4,286
5Basic earnings/(loss) per share (Subunit)
0.83
1.31
0.83
1.31
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.3255
0.3172
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


SEG - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameSEG INTERNATIONAL BHD  
Stock Name SEG    
Date Announced28 Aug 2012  
CategoryGeneral Announcement
Reference NoMI-120828-66474

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionSEG INTERNATIONAL BERHAD (“SEGi” OR THE “COMPANY”)

PROPOSED ACQUISITION OF A PARCEL OF VACANT FREEHOLD COMMERCIAL DEVELOPMENT LAND, MEASURING APPROXIMATELY 12 ACRES, IDENTIFIED AS HS(D) 280409, PT 29532, LOCATED WITHIN MUKIM OF BUKIT RAJA, DAERAH PETALING, NEGERI SELANGOR BY SEGi LAND (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SEGi FROM BANDAR SETIA ALAM SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM52,272,000 (“PROPOSED ACQUISITION”)

We refer to our earlier announcements dated 26 June 2012 and 29 June 2012 in relation to the Proposed Acquisition (“Announcement”). For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Announcement.

On behalf of the Board of Directors of SEGi, we wish to announce that SLSB and BSASB have via an exchange of letters dated 27 August 2012 and 28 August 2012 agreed to the substitution of SEGi International Learning Alliance Sdn Bhd (“SILA”), a wholly-owned subsidiary of SEGi, as the purchaser of the property subject to the execution of a novation agreement between SILA, SLSB and BSASB in respect of the conditional sale and purchase agreement dated 26 June 2012 in relation to the Proposed Acquisition (“SPA”).

By entering into a novation arrangement, SEGi Group is able to consolidate the proprietorship and operation of the proposed international school under the same entity namely, SILA. SILA is a company incorporated in Malaysia on 16 August 2004. The authorised share capital of SILA is RM1,000,000 comprising of 1,000,000 ordinary shares of RM1.00 each and the issued and paid up capital is RM1,000,000 divided into 1,000,000 ordinary shares of RM1.00 each. The principal activity of SILA is investment holding and provision of education services.

Save for the above, all other terms and conditions in the SPA remain unchanged. Further details of the salient terms and conditions (if any) will be announced after the execution of the novation agreement.

This announcement is dated 28 August 2012.



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