February 28, 2014

Company announcements: HAISAN, CENTURY, LONBISC, CAMRES, ASIAFLE, PW, HIGH5, NICE

HAISAN - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced28 Feb 2014  
CategoryFinancial Results
Reference NoHR-140228-57140

Financial Year End31/12/2013
Quarter4
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited

Attachments

HRB-Financial statement-Dec 13.pdf
24 KB

HRB-Notes-Dec 13.pdf
98 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
7,291
9,634
39,637
40,438
2Profit/(loss) before tax
1,215
-5,580
2,491
-30,166
3Profit/(loss) for the period
305
-3,607
1,219
-32,913
4Profit/(loss) attributable to ordinary equity holders of the parent
314
-3,604
1,249
-32,892
5Basic earnings/(loss) per share (Subunit)
0.39
-4.47
1.55
-40.84
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 ($$)
-0.8300
-0.8300
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

CENTURY - OTHERS CENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR "THE COMPANY") - PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK ("THE PROPOSAL")

Announcement Type: General Announcement
Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY  
Date Announced28 Feb 2014  
CategoryGeneral Announcement
Reference NoCS-140228-30BE7

TypeAnnouncement
SubjectOTHERS
DescriptionCENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR "THE COMPANY") - PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK ("THE PROPOSAL")
The Board of Century wishes to announce that the Company will be seeking its shareholders' approval for the above-captioned Proposal at the forthcoming Annual General Meeting ("AGM") of the Company to be convened.

The Company proposes to seek a renewal of the authority from its shareholders to purchase its own ordinary shares of up to 10% of the issued and paid-up share capital. The Company had, at its Annual General Meeting held on 24 April 2013, obtained the approval from its shareholders to purchase its own shares of up to 10% of the issued and paid-up share capital. This authority for Share Buy-Back will expire at the conclusion of the forthcoming Annual General Meeting.

A Statement accompanying the notice of the Forthcoming AGM containing information on the Proposal will be despatched to the shareholders in due course.

This announcement is dated 28 February 2014.

CENTURY - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY  
Date Announced28 Feb 2014  
CategoryGeneral Announcement
Reference NoCS-140228-30BE8

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDCY-140227-54423
SubjectMATERIAL LITIGATION
DescriptionCENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR " THE COMPANY")
- CLAIM MADE BY SCA HYGIENE MALAYSIA SDN. BHD. AGAINST CENTURY TOTAL LOGISTICS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
Query Letter Contents We refer to your Company's announcement dated 26 February 2014 in respect of
the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
(1) Details of the circumstances leading to the filing of the writ of summons
and statement of claim against CTLSB.
(2) If available, interest rate for the amount claimed.
(3) Whether CTLSB is a major subsidiary of your Company.
(4) The total cost of investment in CTLSB.
(5) The financial and operational impact on the Group.

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


Yours faithfully



SUZALINA HARUN
Vice President, Issuers
Listing Division
Regulation

/WCY

Copy to:- General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax)
Reference is made to CENTURY’s announcement dated 26 February 2014 and Bursa Malaysia Securities Berhad’s letter dated 27 February 2014 pertaining to the above matter.
The Board of Directors of CENTURY wishes to furnish the following additional information in respect of the abovementioned matter:-

(1) In March 2012, the parties had commenced negotiation relating to the provision of warehousing and/or logistics services by CTLSB to SCA (“Services”). Thereafter, the parties have executed a letter of offer (“LO”) relating to the Services to record the terms upon which the parties have agreed as a basis for negotiation of a contract. SCA purports that the LO constitutes a binding contract and hence the commencement of the suit by SCA against CTLSB.

(2) The payment of interest on the damages of RM5,745,600.00 and damages for other loss and damages as assessed by the High Court is at the rate of 5% per annum from the date of the judgment until the date of the full and final settlement.

(3) CTLSB is a major subsidiary of the Company.

(4) The total cost of investment of the Company in CTLSB is RM300,000.

(5) Due to the preliminary nature of the suit, we do not currently have sufficient information to estimate the financial impact (if any) and we do not foresee any operational impact to our Group.

This announcement is dated 28 February 2014.



LONBISC - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameLONDON BISCUITS BERHAD  
Stock Name LONBISC  
Date Announced28 Feb 2014  
CategoryFinancial Results
Reference NoCC-140219-41371

Financial Year End30/06/2014
Quarter2
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited

Attachments

LBB Quarterly 31.12.2013.pdf
539 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
92,337
63,095
165,557
121,479
2Profit/(loss) before tax
6,994
3,828
12,575
9,321
3Profit/(loss) for the period
5,756
3,540
10,800
8,746
4Profit/(loss) attributable to ordinary equity holders of the parent
4,908
2,896
9,261
7,438
5Basic earnings/(loss) per share (Subunit)
3.45
2.13
6.51
5.46
6Proposed/Declared dividend per share (Subunit)
1.00
0.00
1.00
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 ($$)
2.1700
2.1000
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

CAMRES - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameCAM RESOURCES BERHAD  
Stock Name CAMRES  
Date Announced28 Feb 2014  
CategoryFinancial Results
Reference NoCR-140227-56319

Financial Year End31/12/2013
Quarter4
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited

Attachments

CAM-4th Quarterly Report -31.12.2013.pdf
307 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
47,249
30,387
159,573
123,974
2Profit/(loss) before tax
1,364
-34
3,206
1,857
3Profit/(loss) for the period
1,430
106
1,993
649
4Profit/(loss) attributable to ordinary equity holders of the parent
1,408
106
1,957
649
5Basic earnings/(loss) per share (Subunit)
0.79
0.21
1.10
0.87
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
0.5200
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

ASIAFLE - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameASIA FILE CORPORATION BHD  
Stock Name ASIAFLE  
Date Announced28 Feb 2014  
CategoryFinancial Results
Reference NoCC-140228-61767

Financial Year End31/03/2014
Quarter3
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited

Attachments

AFC-Q3-140228.pdf
175 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
93,457
78,872
259,781
241,729
2Profit/(loss) before tax
19,701
12,944
58,177
44,325
3Profit/(loss) for the period
15,436
10,354
46,096
34,871
4Profit/(loss) attributable to ordinary equity holders of the parent
15,430
10,354
46,093
34,871
5Basic earnings/(loss) per share (Subunit)
13.30
8.94
39.76
30.13
6Proposed/Declared dividend per share (Subunit)
9.00
8.00
9.00
8.00


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 ($$)
3.6207
3.3245
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

ASIAFLE - OTHERS OFFER OF OPTIONS UNDER EMPLOYEES’ SHARE OPTION SCHEME

Announcement Type: General Announcement
Company NameASIA FILE CORPORATION BHD  
Stock Name ASIAFLE  
Date Announced28 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140228-63055

TypeAnnouncement
SubjectOTHERS
DescriptionOFFER OF OPTIONS UNDER EMPLOYEES’ SHARE OPTION SCHEME

Please refer the attached for detail announcement.

Attachments

AFC-140228-ESOS.pdf
13 KB


PW - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NamePW CONSOLIDATED BHD  
Stock Name PW  
Date Announced28 Feb 2014  
CategoryFinancial Results
Reference NoCC-140212-72C09

Financial Year End31/12/2013
Quarter4
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited

Attachments

PW Quarterly Report 31 Dec 2013.pdf
54 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
70,726
52,287
259,107
214,424
2Profit/(loss) before tax
2,317
4,465
9,019
349
3Profit/(loss) for the period
1,218
5,144
5,894
195
4Profit/(loss) attributable to ordinary equity holders of the parent
1,218
5,144
5,894
195
5Basic earnings/(loss) per share (Subunit)
2.04
8.61
9.87
0.33
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
5.00
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 ($$)
3.5000
3.4500
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

HIGH5 - BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS SILVER BIRD GROUP BERHAD AND FINES THE FORMER MANAGING DIRECTOR AND EXECUTIVE DIRECTOR A TOTAL OF RM1,000,000

Announcement Type: Listing Circular
Company NameHIGH-5 CONGLOMERATE BERHAD  
Stock Name HIGH5  
Date Announced28 Feb 2014  
CategoryListing Circular
Reference NoCW-140228-40196

LISTING'S CIRCULAR NO. L/Q : 69962 OF 2014

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded Silver Bird Group Berhad (SILVER) (now known as High-5 Conglomerate Berhad) and its former managing director and executive director for breaching the Bursa Malaysia Securities Main Market Listing Requirements (Main LR). In addition, the former managing director and executive director were fined a total of RM1,000,000.

SILVER was publicly reprimanded for breaching:-

  1. paragraph 9.16(1)(a) of the Main LR in respect of the company’s fourth quarterly report for the financial year ended (FYE) 31 October 2011 (QR Oct 2011) announced on 30 December 2011 which was inaccurate particularly with regard to the carrying amount of property, plant and equipment, trade receivables, intangible assets and cash and bank balances in the balance sheets; and
  2. paragraphs 9.03(1) and 9.04(I) of the Main LR read together with paragraph 2.1(d) and (e) of Practice Note 1 for failing to make an immediate announcement in respect of the defaults in payments of various credit facilities by its subsidiary, Standard Confectionary Sdn. Bhd (SCSB).

SILVER is also required to carry out a limited review on its quarterly report submissions. The limited review must be performed by the company’s external auditors for four quarters commencing no later from the quarterly report for the financial period ended 31 October 2013. In addition, SILVER must ensure all its directors and relevant personnel attend a training programme in relation to compliance with the Main LR particularly pertaining to financial statements. SILVER is also required to review and ensure the adequacy and effectiveness of its financial reporting function.

The following directors of SILVER at the material time were found to have breached paragraph 16.13(b) read together with paragraphs 9.16(1)(a) and 2.18(1)(a) of the Main LR for permitting knowingly, or where they had reasonable means of obtaining such knowledge, SILVER to announce / submit the inaccurate QR Oct 2011.

The penalties imposed on the directors are as follows:-

Name
Penalties
1.Dato’ Jackson Tan Han Kook
Managing Director
(from 5 October 1993 until 30 April 2012)
Public Reprimand & Fine of RM500,000
2.Ching Siew Cheong
Executive Director
(from 10 June 1997 until 30 April 2012)
Public Reprimand & Fine of RM500,000

Bursa Malaysia Securities views the above contraventions seriously as the requirement for companies to make timely and accurate disclosure of material information and financial statements are fundamental obligations of listed companies to enable investors to make informed investment decisions and preserve / sustain market integrity and investor confidence.

BACKGROUND

SILVER had on 29 February 2012 announced the irregularities in the company’s accounts where the external auditors had expressed concerns over the validity and recording of certain transactions. In the said announcement, SILVER further stated that PKF Advisory Sdn. Bhd. (PKF) had been appointed as the forensic accountants to conduct a forensic review into the financial irregularities and affairs of the company.

Arising from the findings of PKF’s Forensic Accounting Review Report (FARR) dated 28 May 2012, there were major adjustments in the following balance sheets items reported in the QR Oct 2011:-
    QR Oct 2011 (announced on 30 December 2011)
    RM’000
    Adjusted figure stated in FARR dated 28 May 2012
    RM’000
    Difference
    RM’000
    %
    Property, plant & equipment
    169,311
    99,861
    (69,450)
    -41%
    Trade receivables
    87,459
    16,113
    (71,346)
    -82%
    Intangible assets
    36,730
    0
    (36,730)
    -100%
    Cash and bank balances
    34,699
    4,310
    (30,389)
    -88%
    (207,915)
    In addition, SILVER’s subsidiary, SCSB had defaulted in various credit facilities granted by Malaysia Building Society Berhad (MBSB) AmIslamic Bank Berhad (ABB) and RHB Bank Berhad (RHB) on 31 October 2011, 25 December 2011 and 29 December 2011 respectively. However, SILVER only announced the defaults in payments on 6 April 2012. The total amount outstanding of the defaulted credit facilities to MBSB, ABB and RHB exceeded 5% of the company’s net assets and cumulatively amounting to RM28,586,586.54 which represented 13.4% of the company’s net assets of RM213,418,000.00 as at 31 July 2011.

    The finding of breach and imposition of the above penalties on SILVER and its directors were made pursuant to paragraph 16.19 of the Main LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including the following:-

    (a) The knowledge, role, responsibilities and conduct of the directors:-
        • Dato’ Jackson Tan Han Kook being the former managing director of SILVER responsible for the company’s day-to-day operations had or should have the knowledge of the financial affairs of the company and was in a position to detect, ascertain and ensure veracity of the impugned transactions / inaccurate figures set out in the QR Oct 2011. He could not abdicate his responsibilities and wholly rely on the finance department, the audit committee, the auditors and such other persons to ensure that the company’s accounts were accurate and in order particularly in the light of the magnitude of the impugned transactions / figures; and
        • Ching Siew Cheong was the director primarily responsible for the financial management of SILVER from the FYE 31 October 2002 until his suspension on 24 February 2012. He had also admitted that he had ‘dressed up’ the company’s accounts albeit, allegedly at the instruction of the former managing director; and
    (b) The materiality of the breaches as follows:
        • Arising from the various adjustments including the main adjustments on the above balance sheets items, SILVER’s adjusted shareholders’ fund as at 31 October 2011 was a negative shareholders’ fund of RM42,220,000 based on the FARR as compared to a positive shareholders’ fund of RM213,166,000 announced in the QR Oct 2011 on 30 December 2011;
        • The veracity of the carrying amount of property, plant & equipment, trade receivables, intangible assets and cash and bank balances gave rise to the external auditors’ disclaimer opinion in the company’s annual audited accounts for FYE 31 October 2011 announced on 29 February 2012 and led to the company triggering the criteria under paragraph 2.1(d) of Practice Note 17; and
        • The Company’s share price dropped by 49.4% from RM0.405 on 24 February 2012 to RM0.205 on 1 March 2012 after SILVER announced the irregularities in the company’s accounts, the external auditors’ disclaimer opinion and the First Announcement pursuant to Practice Note 17 on 29 February 2012. There was also a high volume of the company’s securities traded on 29 February 2012 i.e. 26.4 million shares as compared to the average volume for the preceding 5 trading days (prior to the suspension from 27 February 2012 to 29 February 2012) of 228,000 shares.

    NICE - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

    Announcement Type: Financial Results
    Company NameNICHE CAPITAL EMAS HOLDINGS BERHAD  
    Stock Name NICE  
    Date Announced28 Feb 2014  
    CategoryFinancial Results
    Reference NoCC-140228-E821A

    Financial Year End31/12/2013
    Quarter4
    Quarterly report for the financial period ended31/12/2013
    The figureshave not been audited

    Attachments

    NICE-2013 Q4 Bursa.pdf
    509 KB

    • Default Currency
    • Other Currency

    Currency: Malaysian Ringgit (MYR)

    SUMMARY OF KEY FINANCIAL INFORMATION
    31/12/2013

     
    INDIVIDUAL PERIOD
    CUMULATIVE PERIOD
    CURRENT YEAR QUARTER
    PRECEDING YEAR
    CORRESPONDING
    QUARTER
    CURRENT YEAR TO DATE
    PRECEDING YEAR
    CORRESPONDING
    PERIOD
    31/12/2013
    31/12/2012
    31/12/2013
    31/12/2012
    $$'000
    $$'000
    $$'000
    $$'000
    1Revenue
    5,190
    0
    36,005
    0
    2Profit/(loss) before tax
    -6,940
    0
    -9,814
    0
    3Profit/(loss) for the period
    -6,940
    0
    -9,814
    0
    4Profit/(loss) attributable to ordinary equity holders of the parent
    -6,283
    0
    -8,416
    0
    5Basic earnings/(loss) per share (Subunit)
    -5.32
    0.00
    -7.13
    0.00
    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 ($$)
    0.0800
    0.1400

    Remarks :
    Pursuant to the Company's announcement on 1 June 2012, the financial year end of the Company has been changed from 30 June to 31 December.

    Due to the change of financial year end, there are no comparative figures given for preceding year corresponding quarter in the current report.
    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

    Stocks: , , , , , , ,

    No comments:

    Post a Comment

    Subscribe to: Post Comments (Atom)