GNEALY - Special Dividend
Company Name | GLENEALY PLANTATIONS (MALAYA) BERHAD |
Stock Name | GNEALY |
Date Announced | 20 Sept 2012 |
Category | Entitlements (Notice of Book Closure) |
Reference No | CC-120914-58626 |
PENERGY - General Announcement
Company Name | PETRA ENERGY BERHAD |
Stock Name | PENERGY |
Date Announced | 20 Sept 2012 |
Category | General Announcement |
Reference No | CS-120920-A53F9 |
Type | Announcement | |||||||||||||||||||||||||
Subject | OTHERS | |||||||||||||||||||||||||
Description | PETRA ENERGY BERHAD ("PENERGY" or "the Company") COMPOSITE SHAREHOLDERS AND CONTRACTORS OPERATING AGREEMENT, AND SHARE SUBSCRIPTION AGREEMENT IN RELATION TO COASTAL ENERGY KBM SDN. BHD. | |||||||||||||||||||||||||
1. INTRODUCTION
(i) a conditional share subscription agreement (“Share Subscription Agreement”) entered into between CEC International Ltd (“CECI”) and Petra Energy Development Sdn Bhd (formerly known as Petra AWT Sdn Bhd) (“PED”) (a wholly-owned subsidiary of the Company) for shares in Coastal Energy KBM Sdn Bhd (“CEKSB”); and
Subject to the provisions as provided in the SFRSC, the SFRSC shall be for a term of eight (8) years commencing from the Effective Date and shall expire on 28 June 2020.
Under the Shareholders’ Agreement, PEB, PED and CECI have agreed that CEKSB has been incorporated for the purposes of carrying out the obligations under the SFRSC in respect of the development and production of petroleum from the KBM Cluster Fields. Pursuant to the terms of the Share Subscription Agreement, PED has agreed to subscribe for 6,000,000 ordinary shares of RM1.00 each in CEKSB (“CEKSB Shares”), which is intended to amount to 30% of the issued share capital of CEKSB. By a separate arrangement, CECI has agreed to subscribe for and acquire, a total of 14,000,000 CEKSB Shares, which is intended to amount to 70% of the issued share capital of CEKSB. 2.1 Salient terms of the SFRSC 2.1.1 Contract area
(i) Implementation of the field development plan;
(b) annual assessment and determination of the maximum volume of petroleum reserves or resources from the field(s); (c) provision or arrangement to provide all funding, machinery, equipment, technology, personnel and work necessary for carrying out the Project; (d) incurring all costs and expenses required for carrying out the Project in accordance with the field development plan; (e) the development of each field to achieve the first oil date and thereafter to sustain the production there from; and (f) ensuring that all necessary procedures and processes are in place upon the transfer of the Project operations to PETRONAS at the expiry of the SFRSC or on earlier date if agreed with PETRONAS.
2.1.4 Duration of the SFRSC
2.2 Salient terms of the Shareholders’ Agreement
(i) the completion of the Share Subscription Agreement and when PED becomes a registered shareholder of 6,000,000 CEKSB Shares; and (ii) the written approval of PETRONAS for the Novation Agreement.
(ii) Up to two (2) PED nominated Directors. 2.3 Salient terms of the Share Subscription Agreement 2.3.1 Subscription for shares
2.3.2 Conditions precedent
(ii) the approval of the shareholders of PEB for PED to enter into the Share Subscription Agreement and the Shareholders’ Agreement; (v) delivery by CEKSB to PED of an extract, certified as a true copy by the director or company secretary of CEKSB of the resolution passed by the:
(ii) authorising the issue of the new share certificates in respect of the PED Subscription Shares in favour of PED; (iii) approving the entering in the register of members of CEKSB, the name of PED as the holder of the PED Subscription Shares; and (iv) authorising the execution by CEKSB of the Share Subscription Agreement.
(ii) approving the allotment and issue of the PED Subscription Shares to PED on the terms set out in the Share Subscription Agreement and authorising the Directors to allot and issue the same; and (iii) authorising the execution by CEKSB of the Share Subscription Agreement.
2.5 Liabilities to be assumed
3. RATIONALE FOR THE SFRSC, SHARE SUBSCRIPTION AGREEMENT AND SHAREHOLDERS’ AGREEMENT
Through the Novation Agreement, CECI novated its rights, benefits, obligations and liabilities arising under the SFRSC to CEKSB. CEKSB will be jointly owned by PED and CECI upon completion of the subscription of the CEKSB Shares under the Share Subscription Agreement. This will enable PED to participate in the Project.
4.1 CEKSB
Upon completion of the Share Subscription Agreement, CEKSB shall be 30% owned by PED, a wholly-owned subsidiary of PEB and 70% owned by CECI.
5. FINANCIAL EFFECTS 5.1 Share capital and substantial shareholders’ shareholdings
The Share Subscription Agreement and Shareholders’ Agreement are not expected to have any effects on substantial shareholders’ shareholding of PEB.
5.3 Net assets and gearing
The effect of the Share Subscription Agreement and Shareholders’ Agreement on the gearing of PEB will be determined upon the finalisation of the sources of funding, as PEB is in discussion with financial institutions on potential equity/debt fund raising exercise. However, the Board is mindful to maintain a healthy gearing level and at present PEB is in a net cash position. 6.1 Operational risks 6.1.1 The oil and gas industry is exposed to development risks
6.1.2 The oil and gas industry is exposed to production and operational risks
6.2 Completion risks
6.3 Political, economic and regulatory risks
While PEB group continues to take measures to mitigate these risks including close monitoring of the Government’s masterplan in respect of long-term economic and development policies so that PEB group can stay ahead as well as capitalised on regulatory changes in the industry in which PEB group operates, there can be no assurance that any changes to the political, economic and regulatory factors will not have a material and adverse effect on the business and prospect of PEB group.
PEB group is currently involved in the provision of integrated topside major maintenance hook-up construction and commissioning of offshore and onshore oil and gas installations. Pursuant to the Novation Agreement, Shareholders’ Agreement and Share Subscription Agreement, PEB group will be involved in the development and production (on a risk reward basis) of petroleum from the KBM Cluster Fields. Pursuant to paragraph 10.13, Chapter 10 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), a listed issuer must obtain its shareholders approval in a general meeting for any transaction or business arrangement which might reasonably be expected to result in either: (i) the diversion of 25% or more of the net assets of the company to an operation which differs widely from those operations previously carried on by the company; or In assessing the extent of diversification or the amount of contribution to the net profits, consideration should be taken of any associated transactions or loans effected or intended and of contingent liabilities or commitments. As the Project progresses, PEB group would be required under the Shareholders’ Agreement to allocate a significant resources to the Project which may result in the diversion of 25% or more of the net assets of the Company. In addition, the net contribution from the Project may potentially exceed 25% or more of the net profits of PEB group in the future. As such, PEB may be required to obtain the approval of its shareholders in an extraordinary general meeting to be convened for the proposed diversification into the development and production of petroleum from the KBM Cluster Fields.
9. DIRECTORS’ STATEMENT
10. HIGHEST PERCENTAGE RATIO APPLICABLE TO THE SHAREHOLDERS’ AGREEMENT AND SHARE SUBSCRIPTION AGREEMENT
11. DOCUMENTS FOR INSPECTION
This announcement is dated 20 September 2012. |
KPJ - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
Company Name | KPJ HEALTHCARE BERHAD |
Stock Name | KPJ |
Date Announced | 20 Sept 2012 |
Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
Reference No | JC-120920-84CDA |
Particulars of substantial Securities Holder
Name | Employees Provident Fund Board |
Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut 50350 Kuala Lumpur |
NRIC/Passport No/Company No. | EPF ACT 1991 |
Nationality/Country of incorporation | Malaysia |
Descriptions (Class & nominal value) | Ordinary Shares of RM0.50 each |
Name & address of registered holder | CitiGroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 14/09/2012 | 80,900 | |
Acquired | 14/09/2012 | 200,000 |
Remarks : |
The notice dated 18 September 2012 was received via courier on 20 September 2012. |
TAKAFUL - Changes in Sub. S-hldr's Int. (29B) - BIMB HOLDINGS BERHAD
Company Name | SYARIKAT TAKAFUL MALAYSIA BERHAD |
Stock Name | TAKAFUL |
Date Announced | 20 Sept 2012 |
Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
Reference No | ST-120920-38443 |
Particulars of substantial Securities Holder
Name | BIMB HOLDINGS BERHAD |
Address | 31ST FLOOR, MENARA BANK ISLAM, 22 JALAN PERAK, 50450 KUALA LUMPUR |
NRIC/Passport No/Company No. | 423858-X |
Nationality/Country of incorporation | MALAYSIA |
Descriptions (Class & nominal value) | ORDINARY SHARES OF RM1.00 EACH |
Name & address of registered holder | 31ST FLOOR, MENARA BANK ISLAM, 22 JALAN PERAK, 50450 KUALA LUMPUR |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 18/09/2012 | 6,700 |
Remarks : |
The Notice of Changes in Substantial Shareholder's Interest (Form 29B) was received on 20 September 2012. |
ASUPREM - Additional Listing Announcement
Company Name | ASTRAL SUPREME BERHAD |
Stock Name | ASUPREM |
Date Announced | 20 Sept 2012 |
Category | Additional Listing Announcement (ALA) |
Reference No | CA-120918-8B1CE |
1. Details of Corporate Proposal | |
Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
Types of corporate proposal | Others |
Details of corporate proposal | Conversion of Astral Supreme Berhad Irredeemable Convertible Unsecured Loan Stocks 2011/2021 |
No. of shares issued under this corporate proposal | 1,813,000 |
Issue price per share ($$) | MYR 0.200 |
Par Value ($$) | MYR 0.200 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
Units | 160,967,850 |
Currency | MYR 32,193,570.000 |
Listing Date | 21/09/2012 |
TAKASO - UNUSUAL MARKET ACTIVITY
Company Name | TAKASO RESOURCES BERHAD |
Stock Name | TAKASO |
Date Announced | 20 Sept 2012 |
Category | General Announcement |
Reference No | CM-120920-40566 |
ANALABS - General Announcement
Company Name | ANALABS RESOURCES BERHAD |
Stock Name | ANALABS |
Date Announced | 20 Sept 2012 |
Category | General Announcement |
Reference No | CP-120918-72180 |
Type | Announcement |
Subject | OTHERS |
Description | ANALABS RESOURCES BERHAD ("ANALABS" OR "THE COMPANY") -PROPOSED RENEWAL OF THE AUTHORITY FOR THE PURCHASE OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY |
The Board of Directors of Analabs wishes to announce that the present
mandate granted by the shareholders of the Company at the Annual General
Meeting ("AGM") held on 27 October 2011 to buy back its own shares will
expire at the conclusion of the forthcoming 14th AGM. |
ANALABS - Quarterly rpt on consolidated results for the financial period ended 31/7/2012
Company Name | ANALABS RESOURCES BERHAD |
Stock Name | ANALABS |
Date Announced | 20 Sept 2012 |
Category | Financial Results |
Reference No | CP-120918-72735 |
Financial Year End | 30/04/2013 |
Quarter | 1 |
Quarterly report for the financial period ended | 31/07/2012 |
The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION31/07/2012 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
1 | Revenue | 33,016 | 33,140 | 33,016 | 33,140 |
2 | Profit/(loss) before tax | 3,137 | 4,621 | 3,137 | 4,621 |
3 | Profit/(loss) for the period | 2,492 | 3,528 | 2,492 | 3,528 |
4 | Profit/(loss) attributable to ordinary equity holders of the parent | 2,492 | 3,528 | 2,492 | 3,528 |
5 | Basic earnings/(loss) per share (Subunit) | 4.21 | 5.96 | 4.21 | 5.96 |
6 | Proposed/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 ($$) | 2.7400 | 2.7000 |
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:
Country | Base Unit | Subunit |
Malaysia | Ringgit | Sen |
United States | Dollar | Cent |
United Kingdom | Pound | Pence |
SPSETIA - PUBLIC SHAREHOLDINGS SPREAD
Company Name | S P SETIA BERHAD |
Stock Name | SPSETIA |
Date Announced | 20 Sept 2012 |
Category | General Announcement |
Reference No | SP-120920-45176 |
Type | Announcement |
Subject | PUBLIC SHAREHOLDINGS SPREAD |
Description | S P SETIA BERHAD (“S P SETIA” OR “COMPANY”) PUBLIC SHAREHOLDING SPREAD |
Reference is made to our announcements dated 19 March 2012, 22 March 2012, 18 April 2012, 21 June 2012 and 13 September 2012. Based on the Record of Depositors as at 14 September 2012, the Company’s public spread is 20.7% with 4,069 public shareholders holding not less than 100 ordinary shares of RM0.75 each in the Company (“S P Setia Shares”).� As such, the Company is not in compliance with the public spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements (“Required Public Shareholding Spread”). Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 19 September 2012, approved the Company’s application for an extension of time of three (3) months from 19 September 2012 to 18 December 2012 to comply with the�Required Public Shareholding Spread. The Company had on 13 August 2012 and 19 September 2012 announced, amongst others, that the Company will be undertaking a proposed placement of new S P Setia Shares representing up to 15% of its issued and paid-up share capital (“Proposed Placement”) and that an additional listing application in respect of the Proposed Placement has been submitted to Bursa Securities.� As announced, the Board of Directors of the Company expects to complete the Proposed Placement by the fourth quarter of 2012. With the completion of the Proposed Placement, the Company would be able to comply with the Required Public Shareholding Spread. This announcement is dated 20 September 2012. |
PREMIER - Changes in Sub. S-hldr's Int. (29B) - National Land Finance Co-Operative Society Limited
Company Name | PREMIER NALFIN BERHAD |
Stock Name | PREMIER |
Date Announced | 20 Sept 2012 |
Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
Reference No | PN-120920-41514 |
Particulars of substantial Securities Holder
Name | National Land Finance Co-Operative Society Limited |
Address | Level 10, Wisma Tun Sambanthan, Jalan Sultan Sulaiman, 50000 Kuala Lumpur. |
NRIC/Passport No/Company No. | Company 054 |
Nationality/Country of incorporation | Malaysia |
Descriptions (Class & nominal value) | Ordinary Share |
Name & address of registered holder | National Land Finance Co-Operative Society Limited Level 10, Wisma Tun Sambanthan, Jalan Sultan Sulaiman, 50000 Kuala Lumpur. |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 19/09/2012 | 145,400 | 0.376 |
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