May 7, 2013

Company announcements: HBGLOB, PETONE, GLOBALC, RAPID, FRB

HBGLOB - OTHERS HB GLOBAL LIMITED (formerly known as Sozo Global Limited) (“HB” or “the Company”) - Audit Disclaimer Opinion

Announcement Type: General Announcement
Company NameHB GLOBAL LIMITED  
Stock Name HBGLOB  
Date Announced7 May 2013  
CategoryGeneral Announcement
Reference NoCC-130507-82FD5

TypeAnnouncement
SubjectOTHERS
DescriptionHB GLOBAL LIMITED (formerly known as Sozo Global Limited) (“HB” or “the Company”)
- Audit Disclaimer Opinion
The Board of Directors of HB Global Limited (formerly known as Sozo Global Limited) (“HB” or “the Company”) wishes to announce that the Company’s External Auditors, Messrs. Paul Wan & Co had expressed an audit disclaimer opinion in the Company's latest audited financial statements for the financial year ended 31 December 2012, as follows:-
“Basis for Disclaimer of Opinion
Included in the Group’s balance sheet as at 31 December 2012 is bank balance amounting to RMB 249,633,611. In the course of our audit, we were not able to satisfactorily and independently substantiate the bank balance of the subsidiary company. In addition we were not able to receive reliable independent confirmations on majority of the trade receivables and trade payables that were circularised; these balances represented 56% of trade receivables and 48% of trade payables as at 31st December 2012. These brought into question the proper accounting for bank balances, trade receivables and trade payables and the corresponding transactions in the Group for the year ended 31 December 2012 and the completeness of transactions recorded in the Group’s accounting records.
Disclaimer of Opinion
Because of the significance of the matters described in the Basis for Disclaimer of Opinion paragraph, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for our audit opinion. Accordingly, we do not express an opinion on the financial statements.”
This announcement is dated 7 May 2013.

HBGLOB - OTHERS HB GLOBAL LIMITED (formerly known as Sozo Global Limited) (“HB” or “the Company”) - Variance between Audited and Unaudited Results for the Financial Year Ended 31 December 2012

Announcement Type: General Announcement
Company NameHB GLOBAL LIMITED  
Stock Name HBGLOB  
Date Announced7 May 2013  
CategoryGeneral Announcement
Reference NoCC-130507-D199D

TypeAnnouncement
SubjectOTHERS
DescriptionHB GLOBAL LIMITED (formerly known as Sozo Global Limited) (“HB” or “the Company”)
- Variance between Audited and Unaudited Results for the Financial Year Ended 31 December 2012

Reference is made to the Company’s announcement dated 7 May 2013.

Pursuant to Paragraph 9.19(35) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of HB Global Limited (formerly known as Sozo Global Limited) (“HB” or “the Company”) wishes to announce that the Group’s profit after taxation for the financial year ended 31 December 2012 has deviated by approximately 45.29% from the unaudited profit after taxation of RMB52.9 million as announced on 28 February 2013. The audited total profit after taxation as at 31 December 2012 now stands at RMB28.9 million.

The reconciliation of the difference is set out as following:

RMB

Profit after tax as per unaudited financial statements

52,881

Less:

1) Expensed off feeding cost & death Biological Assets to comply with fair value of Biological Assets

(19,532)

2) Net underprovision of Fair Value adjustment on Biological Assets

(2,308)

3) Net underprovision of expenses

(2,105)

Profit after tax as per audited financial statements

28,936

This announcement is dated 7 May 2013.


HBGLOB - PRACTICE NOTE 17 / GUIDANCE NOTE 3:FIRST ANNOUNCEMENT

Announcement Type: General Announcement
Company NameHB GLOBAL LIMITED  
Stock Name HBGLOB  
Date Announced7 May 2013  
CategoryGeneral Announcement
Reference NoCC-130507-DD6A6

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
FIRST ANNOUNCEMENT
DescriptionHB GLOBAL LIMITED (formerly known as Sozo Global Limited) (“HB” or “the Company”)
- Announcement Pursuant to Practice Note 17 of the Main Market Listing Requirements
1. INTRODUCTION

Pursuant to Paragraph 8.04 and Paragraph 2.1(d) of the Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of HB Global Limited (formerly known as Sozo Global Limited) (“HB” or “the Company”) wishes to announce that as of the date hereof, HB is considered a PN17 company.
    The PN17 criteria was triggered resulting from the Company’s latest audited financial statements for the financial year ended 31 December 2012 that was announced on 7 May 2013 where HB’s External Auditors have expressed a disclaimer opinion in the Company’s latest audited financial statements for the financial year ended 31 December 2012 (“First Announcement”).
    2. OBLIGATIONS OF THE COMPANY AS AN AFFECTED LISTED ISSUER
    Pursuant to PN17, the Company as an affected listed issuer is required to comply with the following:-

    i) within 12 months from the date of the First Announcement
      (a) submit a regularisation plan to the Securities Commission (“SC”) if the plan will result in a significant change in the business direction or policy of the Company; or submit a regularisation plan to Bursa Malaysia Securities Berhad (“Bursa Malaysia”)
      (b) if the plan will not result in a significant change in the business direction or policy of the Company, and obtain Bursa Malaysia’s approval to implement the plan
    ii) implement the regularisation plan within the time frame stipulated by the SC or Bursa Malaysia, as the case may be;

    iii) announce within three (3) months from this First Announcement, on whether the regularisation plan will result in a significant change in the business direction or policy of the Company;

    iv) announce the status of its regularisation plan and the number of months to the end of the relevant time frames referred in Paragraphs 5.1 and 5.2 in PN17, as may be applicable, on a monthly basis until further notice from Bursa Malaysia;

    v) announce its compliance or non-compliance with a particular obligation imposed pursuant to PN17, on an immediate basis;

    vi) announce the details of the regularisation plan (“Requisite Announcement”) and sufficient information to demonstrate that the Company is able to comply with all the requirements set out in Paragraph 3.1 of PN17 after implementation of the regularisation plan, which shall include a timetable for the complete implementation of the regularisation plan. The Requisite Announcement must be made by the Company’s Principal Adviser; and
    vii) where the Company fails to regularise its condition, it will announce the dates of suspension and de-listing of its listed securities immediately upon notification of suspension and de-listing by Bursa Malaysia.
    3. CONSEQUENCE OF NON-COMPLIANCE
    In the event the Company fails to comply with the obligations to regularise its condition, all its listed securities will be suspended from trading on the next market day after five (5) market days from the date of notification of suspension and de-listing by Bursa Malaysia and de-listing procedures shall be taken against the Company, subject to the Company’s right to appeal against the de-listing.
    4. STATUS OF PLAN TO REGULARISE CONDITION
    The Company intends to formulate a regularisation plan to address its PN17 status.

This announcement is dated 7 May 2013.

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

Announcement Type: General Announcement
Company NamePETROL ONE RESOURCES BERHAD  
Stock Name PETONE  
Date Announced7 May 2013  
CategoryGeneral Announcement
Reference NoCS-130507-BA26A

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionPETROL ONE RESOURCES BERHAD (“PETONE” OR “THE COMPANY”)
- APPOINTMENT OF RECEIVER AND MANAGER OF ONE PETROLEUM (L) LTD ("OPLL"), A WHOLLY-OWNED SUBSIDIARY OF ARUS DERMAGA SDN. BHD. ("ADSB"), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF PETONE
The Board of Directors of PETONE (“Board”) wishes to announce that OPLL, a wholly-owned subsidiary of ADSB, which in turn is a wholly-owned subsidiary of PETONE, has on 7 May 2013, received a Notice of Appointment of Receiver and Manager dated 6 May 2013 (“Notice”). Pursuant to the Notice, Bank Muamalat Malaysia Berhad (“Bank Muamalat”) has appointed Dato’ Narendrakumar a/l Chunilal Rugnath of Grant Thornton Consulting Sdn Bhd as the Receiver and Manager of the property of OPLL (“Receiver & Manager”) pursuant to the powers contained in the debenture dated 10 December 2009 entered into between Bank Muamalat and OPLL (“Debenture”).
Please refer to the attachment for full text of the announcement.

This announcement dated 7 May 2013.

Attachments

(46) Annoucement - OPLL - Appointment of Receiver (Attachment).pdf
97 KB


GLOBALC - GLOBALC-SUSPENSION OF TRADING

Announcement Type: Listing Circular
Company NameGLOBAL CARRIERS BERHAD  
Stock Name GLOBALC  
Date Announced7 May 2013  
CategoryListing Circular
Reference NoNS-130506-57229

LISTING'S CIRCULAR NO. L/Q : 67730 OF 2013

The above Company has failed to submit its annual audited accounts for financial year ended 31 December 2012 ("2012 AAA") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe i.e. 30 April 2013, pursuant to paragraph 9.23(2) of Bursa Securities' Main Market Listing Requirements ("LR").

Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframe stated in Paragraph 9.23(2) of the LR ("Relevant Timeframe") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.

In view of the above and in the event Global Carriers Berhad is unable to submit the 2012 AAA on or before 8 May 2013, the trading in the above Company's shares will be suspended with effect from 9.00 a.m., Thursday, 9 May 2013 until further notice.

Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the Relevant Timeframe, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against such listed issuer.

GLOBALC - Delay in Submission of financial statements

Announcement Type: Investor Alert Announcement
Company NameGLOBAL CARRIERS BERHAD  
Stock Name GLOBALC  
Date Announced7 May 2013  
CategoryInvestor Alert Announcement
Reference NoNS-130506-58081

The Company has failed to submit its annual audited accounts for the financial year ended 31 December 2012.

Please refer to Listing Circular dated 7 May 2013.


RAPID - Changes in Director's Interest (S135) - Lee Chun Weng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameRAPID SYNERGY BERHAD  
Stock Name RAPID  
Date Announced7 May 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130502-68116

Information Compiled By KLSE

Particulars of Director

NameLee Chun Weng
Address24, Lorong Kledang Timor 9
Taman Rasi
31450 Menglembu
Perak Darul Ridzuan
Descriptions(Class & nominal value)Ordinary Share of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
07/05/2013
250,000
 

Circumstances by reason of which change has occurredOff Market Purchase
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)1,313,000 
Direct (%)1.5 
Indirect/deemed interest (units)0 
Indirect/deemed interest (%)0 
Date of notice07/05/2013

Remarks :
1. This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

2. The above acquisition represents 0.28% of the shares of the Company.

3. This Notice was received on 7 May 2013.

FRB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced7 May 2013  
CategoryGeneral Announcement
Reference NoFR-130507-60715

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionFurther to Formis Resources Berhad ("FRB" and/or "the Company") announcement on 2 May 2013 in relation to deal in the Provisional Rights Shares with Warrants of FRB during closed period, the Company wishes to inform that Tan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas ("Tan Sri Megat") and Dato' Mah Siew Kwok ("Dato' Mah") have given notice of their dealings in the Provisional Rights Shares with Warrants during closed period of the Company as per Table A below.

TABLE A

Name

Date Transacted

Opening Balance

Acquired

Disposed

% of Provisional Rights Shares with Warrants

Price per Provisional Rights Shares with Warrants

Closing Balance

% of total Provisional Rights Shares with Warrants

Tan Sri Megat

07/05/2013

30,917,143

-

14,291,853(Direct Interest)

7.69

RM0.005

16,625,290 (Direct Interest)

8.94

(Direct Interest)

Dato' Mah

07/05/2013

26,342,928

14,291,853

(Direct Interest)

-

7.69

RM0.005

40,634,781 (Direct Interest)

21.86

(Direct Interest)


FRB - Changes in Director's Interest (S135) - Dato' Mah Siew Kwok

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced7 May 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoFR-130507-60128

Information Compiled By KLSE

Particulars of Director

NameDato' Mah Siew Kwok
AddressNo. 7 Jalan Nusa
Taman Duta
50480 Kuala Lumpur
Descriptions(Class & nominal value)Provisional Rights Shares with Warrants of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
07/05/2013
14,291,853
 

Circumstances by reason of which change has occurredAcquired of Provisional Rights Shares with Warrants
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)40,634,781 
Direct (%)21.86 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice07/05/2013

FRB - Changes in Director's Interest (S135) - Tan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced7 May 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoFR-130507-60361

Information Compiled By KLSE

Particulars of Director

NameTan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas
AddressNo. 2, Jalan 12/7
46200 Petaling Jaya
Selangor Darul Ehsan
Descriptions(Class & nominal value)Provisional Rights Shares with Warrants of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
07/05/2013
14,291,853
 

Circumstances by reason of which change has occurredDisposal of Provisional Rights Shares with Warrants
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)16,625,290 
Direct (%)8.94 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice07/05/2013

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