May 30, 2014

Company announcements: PELIKAN, GOLSTA, EKIB, PICORP, THHEAVY, DESTINI, EMETALL, GLOBALC, DIALOG

PELIKAN - Notice of Interest Sub. S-hldr (29A) - PBS Office Supplies Holding Sdn Bhd

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NamePELIKAN INTERNATIONAL CORPORATION BERHAD  
Stock Name PELIKAN  
Date Announced30 May 2014  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoPI-140527-7867D

Particulars of Substantial Securities Holder

NamePBS Office Supplies Holding Sdn Bhd
AddressNo. 9, Jalan Pemaju U1/15,
Seksyen U1, Hicom Glenmarie Industrial Park,
40150 Shah Alam,
Selangor Darul Ehsan.
NRIC/Passport No/Company No.261025-V
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderPBS Office Supplies Holding Sdn Bhd and nominees companies
No. 9, Jalan Pemaju U1/15, Seksyen U1,
Hicom Glenmarie Industrial Park,
40150 Sahah Alam,
Selangor Darul Ehsan.
["PBS Office"]

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired27/05/2014
No of securities28,832,867
Circumstances by reason of which Securities Holder has interestAcquisition of 28,832,867 (5.67%)shares pursuant to Put and Call Option Agreement through Bursa Malaysia
Nature of interestDirect
Price Transacted ($$)

Total no of securities after change

Direct (units)46,218,975 
Direct (%)9.1 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice30/05/2014


GOLSTA - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameGOLSTA SYNERGY BERHAD  
Stock Name GOLSTA  
Date Announced30 May 2014  
CategoryGeneral Announcement
Reference NoMI-140530-55850

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionGOLSTA SYNERGY BERHAD ("GOLSTA" OR THE "COMPANY")

I. PROPOSED ACQUISITION BY HYOXEN SDN BHD ("HYOXEN"), A WHOLLY-OWNED SUBSIDIARY COMPANY OF GOLSTA, OF 900,000 ORDINARY SHARES OF RM1.00 EACH IN TRILINK ESSENTIAL SDN BHD ("TRILINK") ("TRILINK SHARE(S)"), REPRESENTING THE REMAINING 45% OF THE EQUITY INTEREST IN TRILINK NOT ALREADY HELD BY HYOXEN, FOR A PURCHASE CONSIDERATION OF RM3,222,391 TO BE SATISFIED ENTIRELY BY CASH ("PROPOSED ACQUISITION");

II. PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF GOLSTA ("PROPOSED PRIVATE PLACEMENT");

III. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF GOLSTA FROM RM50,000,000 COMPRISING 50,000,000 ORDINARY SHARES OF RM1.00 EACH IN GOLSTA ("GOLSTA SHARE(S)" OR "SHARE(S)") TO RM100,000,000 COMPRISING 100,000,000 GOLSTA SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL"); AND

IV. PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF GOLSTA ("PROPOSED AMENDMENT")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

On behalf of the Board of Directors of Golsta ("Board"), RHB Investment Bank Berhad ("RHBIB") is pleased to announce that Hyoxen, a wholly-owned subsidiary company of Golsta, had on 30 May 2014 entered into a conditional share sale agreement with Katherine Khoo Sen Sen for the proposed acquisition by Hyoxen of 900,000 Trilink Shares, representing the remaining 45% of the equity interest in Trilink not already held by Hyoxen, free from any and all encumbrances for a purchase consideration of RM3,222,391 to be satisfied entirely by cash.

In addition, on behalf of the Board, RHBIB wishes to announce that the Company proposes to undertake the following:-

i. A private placement of up to 20% of the issued and paid-up share capital of Golsta;

ii. An increase in the authorised share capital of Golsta from RM50,000,000 comprising 50,000,000 Golsta Shares to RM100,000,000 comprising 100,000,000 Golsta Shares; and

iii. Amendment to the Memorandum of Association of Golsta.

Details on the Proposals are set out in the attachment enclosed.

This announcement is dated 30 May 2014.

Attachments

Golsta Announcement.pdf
88 KB



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

Announcement Type: General Announcement
Company NameEMAS KIARA INDUSTRIES BERHAD  
Stock Name EKIB  
Date Announced30 May 2014  
CategoryGeneral Announcement
Reference NoCK-140530-62176

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionEMAS KIARA INDUSTRIES BERHAD - JOINT VENTURE IN RELATION TO THE PROPOSED TENDER PARTICIPATION FOR GEOSYNTHETIC ENGINEERING WORKS IN ASSAM, INDIA

Please refer to the attachment for details of the announcement.

Attachments

Announcement - 30.05.2014.pdf
244 KB



PICORP - Quarterly rpt on consolidated results for the financial period ended 31/3/2014

Announcement Type: Financial Results
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced30 May 2014  
CategoryFinancial Results
Reference NoCK-140527-58281

Financial Year End31/12/2014
Quarter1
Quarterly report for the financial period ended31/03/2014
The figureshave not been audited

Attachments

Picorp - Q1 2014-final.pdf
111 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2014
31/03/2013
31/03/2014
31/03/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
19,811
23,099
19,811
23,099
2Profit/(loss) before tax
3,792
9,138
3,792
9,138
3Profit/(loss) for the period
2,247
7,582
2,247
7,582
4Profit/(loss) attributable to ordinary equity holders of the parent
1,378
4,880
1,378
4,880
5Basic earnings/(loss) per share (Subunit)
0.21
0.74
0.21
0.74
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 ($$)
0.1700
0.1700
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


THHEAVY - OTHERS TH HEAVY ENGINEERING BERHAD ("TH HEAVY" OR "THE COMPANY") - VARIANCE BETWEEN UNAUDITED RESULTS AS ANNOUNCED ON 28TH FEBRUARY 2014 AND THE AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 31ST DECEMBER 2013

Announcement Type: General Announcement
Company NameTH HEAVY ENGINEERING BERHAD  
Stock Name THHEAVY  
Date Announced30 May 2014  
CategoryGeneral Announcement
Reference NoCS-140530-57052

TypeAnnouncement
SubjectOTHERS
DescriptionTH HEAVY ENGINEERING BERHAD ("TH HEAVY" OR "THE COMPANY")
- VARIANCE BETWEEN UNAUDITED RESULTS AS ANNOUNCED ON 28TH FEBRUARY 2014 AND THE AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 31ST DECEMBER 2013

TH HEAVY ENGINEERING BERHAD ("the Company")

Variance between unaudited results as announced on 28th February 2014 and the audited results for the financial year ended 31st December 2013

The Company wishes to announce that it had submitted its audited financial statements for the financial year ended 31st December 2013 to Bursa Malaysia Securities Berhad ("Bursa Securities") on 30th April 2014.

In compliance with Paragraph 9.19(35) of the Main Market Listing Requirements of Bursa Securities, the Company wishes to inform that there is a deviation of 410.79% between the Group’s profit after tax and the minority interest stated in the audited financial statements for the financial year ended 31st December 2013 and the Group’s profit after tax and minority interest stated in the unaudited financial statements for the financial year ended 31st December 2013 announced on 28th February 2014. The deviation is reconciled and explained as follows:-

 

PROFIT ATTRIBUTABLE TO:

A

B

C

As Per

Q4 Unaudited Result

As Per

Audited

YE 2013

(B) – (A)

Deviation

RM'000

RM’000

RM’000

%

Owners of the Company

1,603

8,188

6,585

410.79

Non-controlling interests

-

(6,632)

(6,632)

-

Profit for the year

1,603

1,556

(47)

(2.93)

The Company reported a net profit for the year of RM1.603 million in its Quarter 4, 2013 unaudited result announcement. There is a 410.79% deviation in Profit Attributable to the Owners of the Company due to an oversight in disclosing the full composition of the profit for the year. This arose as a consequence of the first time adoption of non-controlling interest in THHE Fabricators Sdn. Bhd. and THHE Offshore Services Sdn. Bhd. where the company has new minority interests in Quarter 4, 2013.

The breakdown of Profit for the year, if full composition of profit for the year is fully disclosed is as follows:-

 

 

 

Q4

Unaudited Result

(showing the full Profit composition breakdown)

As Per

Audited

YE 2013

Deviation

PROFIT ATTRIBUTABLE TO:

RM’000

RM’000

RM’000

%

Owners of the Company

 

8,389

8,188

(201)

(2.40)

Non-controlling interests

 

(6,786)

(6,632)

154

2.27

Profit for the year

 

1,603

1,556

(47)

(2.93)

Notwithstanding the above, the Company wishes to highlight, pursuant to Paragraph 9.10 (35) of Bursa Securities Main Market Listing Requirements, that there is no 10% deviation or more between the profit and loss after tax and minority interest as stated in the announced unaudited financial statements for the financial year ended 31st December 2013 announced on 28th February 2014 and the audited accounts for the financial year ended 31st December 2013 announced on 30th April 2014.

The Company has taken steps to address these full disclosure requirements in Q1, 2014 and in the future period.

The full reconciliation of the deviation between the unaudited result and the audited result is as follows:

Details

Profit after tax and minority interest for the YE 2013

Note

RM’000

RM’000

Unaudited profit for the year after minority interest as announced on 28th February 2014

1,603

Adjustments made:

Add: Share of profits from an associated company

(A)

5,000

5,000

Amended unaudited profit for the year after minority interest

6,603

Less:

(a)

Adjustments on taxation

(B)

(i) Over recognition of deferred taxation

(300)

(ii) Provision for taxation

(2,000)

(b)

Over taken up of reversal of berthing charges

(C)

(2,700)

(c)

Other adjustments

(47)

(5,047)

Audited profit for the year after minority interest as announced on 30th April 2014

1,556

Explanatory Note:

(A) Share of profits from an associate company

The amendments are mainly due to the recognition of profit from an associate company, Berlian McDermott Sdn Bhd where the Company acquired 30% of its shareholdings on 30th September 2013.

(B) Adjustment on taxation

(i) The reversal of deferred tax provision arises from the over recognition of future taxable profit which will be available to the Group for utilization and derive benefit from.
(ii) The provision of taxation relates to the tax payable of the Company which was not provided previously.

(C) Reversal of berthing charges overtaken up

This relates to berthing charges waived by the supplier, Drydocks World Dubai LLC which was overtaken up.

This announcement is dated 30 May 2014.

 


DESTINI - Quarterly rpt on consolidated results for the financial period ended 31/3/2014

Announcement Type: Financial Results
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced30 May 2014  
CategoryFinancial Results
Reference NoCC-140529-E6791

Financial Year End31/12/2014
Quarter1
Quarterly report for the financial period ended31/03/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2014
31/03/2013
31/03/2014
31/03/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
29,070
16,338
29,070
16,338
2Profit/(loss) before tax
4,372
3,192
4,372
3,192
3Profit/(loss) for the period
3,939
2,923
3,939
2,923
4Profit/(loss) attributable to ordinary equity holders of the parent
3,084
2,411
3,084
2,411
5Basic earnings/(loss) per share (Subunit)
0.63
0.68
0.63
0.68
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 ($$)
0.2162
0.2648
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


EMETALL - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameEONMETALL GROUP BERHAD  
Stock Name EMETALL  
Date Announced30 May 2014  
CategoryChange in Boardroom
Reference NoCC-140530-65195

Date of change29/05/2014
NameIBRAHIM MAHDI PHEE
Age42
NationalityMalaysian
Type of changeRetirement
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuer 
Any conflict of interests that he/she has with the listed issuer 
Details of any interest in the securities of the listed issuer or its subsidiaries 

Remarks :
This announcement is dated 30 May 2014.


EMETALL - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameEONMETALL GROUP BERHAD  
Stock Name EMETALL  
Date Announced30 May 2014  
CategoryChange in Audit Committee
Reference NoCC-140530-65477

Date of change29/05/2014
NameIBRAHIM MAHDI PHEE
Age42
NationalityMalaysian
Type of changeRetirement
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuer 
Any conflict of interests that he/she has with the listed issuer 
Details of any interest in the securities of the listed issuer or its subsidiaries 
Composition of Audit Committee (Name and Directorate of members after change)Tang Yin Kham - Chairman (Independent Non-Executive)
Dato' Wahab Bin Hamid - Member (Independent Non-Executive)
Goh Kee Seng - Member (Non-Independent Non-Executive)

Remarks :
This announcement is dated 30 May 2014.


GLOBALC - Quarterly rpt on consolidated results for the financial period ended 31/3/2014

Announcement Type: Financial Results
Company NameGLOBAL CARRIERS BERHAD  
Stock Name GLOBALC  
Date Announced30 May 2014  
CategoryFinancial Results
Reference NoCC-140529-64911

Financial Year End31/12/2014
Quarter1
Quarterly report for the financial period ended31/03/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2014
31/03/2013
31/03/2014
31/03/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
9,333
6,200
9,333
6,200
2Profit/(loss) before tax
190,357
4,198
190,357
4,198
3Profit/(loss) for the period
190,357
4,198
190,357
4,198
4Profit/(loss) attributable to ordinary equity holders of the parent
190,430
3,957
190,430
3,957
5Basic earnings/(loss) per share (Subunit)
-113.73
-2.36
-113.73
-2.36
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 ($$)
-1.3800
-0.2500
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


DIALOG - OTHERS LETTER OF INTENT FROM ROC OIL (SARAWAK) SDN BHD

Announcement Type: General Announcement
Company NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced30 May 2014  
CategoryGeneral Announcement
Reference NoDG-140530-33758

TypeAnnouncement
SubjectOTHERS
DescriptionLETTER OF INTENT FROM ROC OIL (SARAWAK) SDN BHD

Dialog Group Berhad (“DIALOG”) is pleased to announce that its wholly owned subsidiary, Dialog Resources Sdn Bhd (“Dialog Resources”), has on 30 May 2014 accepted a Letter of Intent (“LOI”) from ROC Oil (Sarawak) Sdn Bhd (“ROC”) for a farm-out of 20% of ROC’s participating interest in the Production Sharing Contract for the three fields D35, D21 and J4 (“Fields”), located offshore Sarawak, Malaysia (“PSC”) to Dialog Resources, which will reduce ROC's participating interest in the PSC to 30%.

The farm-out is subject to the satisfactory completion of due diligence, the completion of documentation and PETRONAS’ approval as well as joint venture approval.

The LOI is not expected to have any effects on the share capital and substantial shareholders’ shareholding of DIALOG and is not expected to have any material effects on the earnings, net assets and gearing of DIALOG for the current financial year ending 30 June 2014.

The LOI does not require approval from the shareholders of DIALOG.

In so far as the directors of DIALOG are able to ascertain, none of the directors of DIALOG, major shareholders of DIALOG and/or persons connected with them have any interest, whether direct or indirect, in the LOI.

The Board of Directors of DIALOG after considering the various aspects of the LOI is of the opinion that the LOI is fair and reasonable to DIALOG and also in the best interest of DIALOG.

This announcement is dated 30 May 2014.



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