August 29, 2014

Company announcements: ASDION, INARI, FGV, CAP, BARAKAH, FFHB, JERASIA, FITTERS, LAYHONG

ASDION - Quarterly rpt on consolidated results for the financial period ended 30/6/2014

Announcement Type: Financial Results
Company NameASDION BERHAD (ACE Market) 
Stock Name ASDION  
Date Announced29 Aug 2014  
CategoryFinancial Results
Reference NoC&-140828-94945

Financial Year End31/03/2015
Quarter1
Quarterly report for the financial period ended30/06/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2014
30/06/2013
30/06/2014
30/06/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
635
1,070
635
1,070
2Profit/(loss) before tax
-507
-576
-507
-576
3Profit/(loss) for the period
-509
-576
-509
-576
4Profit/(loss) attributable to ordinary equity holders of the parent
-509
-498
-509
-498
5Basic earnings/(loss) per share (Subunit)
-0.45
-0.86
-0.45
-0.86
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 ($$)
0.2315
0.1390
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


INARI - Subscription of shares in Hektar Haruman Sdn Bhd

Announcement Type: General Announcement
Company NameINARI AMERTRON BERHAD  
Stock Name INARI  
Date Announced29 Aug 2014  
CategoryGeneral Announcement
Reference NoIA-140828-54415

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNS-140827-39209
SubjectSubscription of shares in Hektar Haruman Sdn Bhd
DescriptionInari Amertron Berhad ("Inari" or "the Company")
- Subscription of shares in Hektar Haruman Sdn Bhd
Query Letter Contents We refer to your announcement dated 26 August 2014 in respect of the above
captioned matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release :-

1. The salient features of the Subscription Agreement
2. The details of the total liabilities amounting to RM25.5 million: how they
arose, the names of the creditors together with the information on the terms of
repayment.
3. The existing use of the Factory. If currently let out, the details of the
rentals and the rental income per month.
4. The age of the Factory.
5. Whether any valuation was carried out on the leasehold land and Factory. If
so, the name of the independent registered valuer, date and method of valuation
and quantification of the market value.
6. The breakdown of the sources of funding of the total liabilities to be
assumed, between internally generated funds and bank borrowings.
7. The effects of the Subscription on the gearing of the Inari Amertron Berhad
Group.
8. The prospects of Hektar.
9. The risks in relation to the Subscirption including risk factors of Hektar.
10. The estimate cost of adoption, modification, upgrading and enhancement of
the Factory ("Renovation"), including the source(s) of fundings and breakdown.
11. The expected commencement and completion date of the Renovation.
12. The estimated timeframe to complete the Subscription.


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



...2/-










Yours faithfully




TAN YEW ENG
Vice President, Issuers
Listing Division
Regulation

TYE/NZ

c.c:- General Manager & Head, Market Surveillance Department, Market Oversight
Division, Securities Commission (via fax)

We refer to our announcement dated 26 August 2014 in relation to the subscription of shares in Hektar Haruman Sdn Bhd and Bursa Securities's letter dated 27 August 2014 which was received on 28 August 2014.

 

The Board of Directors of Inari is pleased to furnish the additional information in the attachment herein.

This announcement is dated 29 August 2014.

 



FGV - OTHERS Voluntary conditional cash offer for all the ordinary shares (excluding treasury shares) in issue in the capital of Asian Plantations Limited

Announcement Type: General Announcement
Company NameFELDA GLOBAL VENTURES HOLDINGS BERHAD  
Stock Name FGV  
Date Announced29 Aug 2014  
CategoryGeneral Announcement
Reference NoFG-140829-7D903

TypeAnnouncement
SubjectOTHERS
DescriptionVoluntary conditional cash offer for all the ordinary shares (excluding treasury shares) in issue in the capital of Asian Plantations Limited

1. INTRODUCTION 

The Board of Directors of Felda Global Ventures Holdings Berhad (“FGV” or the “Offeror”) wishes to announce that its financial adviser, Merrill Lynch (Singapore) Pte. Ltd. (“Financial Adviser”), for and on behalf of FGV, has on 29 August 2014 announced (the “Offer Announcement”) in accordance with Section 139 of the Securities and Futures Act, Chapter 289 of Singapore and the Singapore Code on Take-overs and Mergers (the “Code”) of FGV’s intention to make a voluntary conditional cash offer for all the ordinary shares (excluding treasury shares) (the “Shares”) in issue in the capital of Asian Plantations Limited (“APL” or the “Offeree”) (the “Offer”), including all the Shares owned, controlled or agreed to be acquired by parties acting or presumed to be acting in concert with the Offeror, but excluding Shares held by the Offeror, its related corporations and their nominees as at the date of the Offer. 

A copy of the Offer Announcement dated 29 August 2014 (“Offer Announcement Date”), containing the relevant details as well as the conditions, is attached as Appendix I.

2. DETAILS OF THE OFFER 

The offer price for each offer share is 2.20 (approximately the equivalent of RM11.50) to be satisfied fully in cash (the “Offer Price”). 

2.1 Offer Shares 

The Offer, when made, will be extended, on the same terms and conditions, to: 

2.1.1 all issued Shares, including all the Shares owned, controlled or agreed to be acquired by parties acting or presumed to be acting in concert with the Offeror, but excluding Shares held by the Offeror, its related corporations and their nominees as at the date of the Offer; 

2.1.2 all new Shares unconditionally issued or to be issued pursuant to the valid exercise of any option to subscribe for new Shares (each, an “Option”) granted under the existing Asian Plantations Limited Share Option Scheme (the “Scheme”) prior to the close of the Offer; 

2.1.3 all new Shares unconditionally issued or to be issued pursuant to the valid conversion of an aggregate of US$2.1 million (approximately the equivalent of RM6.6 million) in principal amount of 2.5% convertible bonds due 2015 which were issued by APL on 15 August 2011 (the “Bonds”) prior to the close of the Offer; and 

2.1.4 all new Shares unconditionally issued or to be issued pursuant to the valid conversion of an aggregate of US$15.0 million (approximately the equivalent of RM47.3 million) in principal amount of convertible notes due 2016 which were issued by APL on 14 January 2013 and 23 August 2013 (the “Notes”) prior to the close of the Offer, (collectively, the “Offer Shares”).

2.2 Options Proposal 

The Financial Adviser, for and on behalf of FGV, will make an appropriate proposal (“Options Proposal”) to the holders of the outstanding Options ("Option Holders"). Under the Options Proposal, FGV will, subject to:  

2.2.1 the Offer becoming or being declared unconditional in all respects in accordance with its terms; and 

2.2.2 the relevant Options continuing to be exercisable into new Shares, 

pay the Option Holders a cash amount (the “Option Price”) in consideration of the Option Holders agreeing not to exercise all or any of their Options into new Shares and surrendering their Options for cancellation. 

The Option Price will be calculated on a "see-through" basis in accordance with the Code, that is, in relation to any Option, the excess of the Offer Price over the exercise price of the Option. In addition, where the exercise price of an Option is equal to or more than the Offer Price and hence causing the “see-through” price to be zero or negative, the Offeror will be offering a nominal amount of 0.001 (approximately the equivalent of RM0.005) for each such Option. 

2.3 Notes Offer 

The Notes are convertible, in whole or in part, by holders of the Notes (each a “Note Holder”) into new Shares at the fixed conversion price of 2.86 (approximately the equivalent of RM14.95) per Share (the “Note Conversion Price”), subject to such adjustments under the terms of the Notes. The number of new Shares to be issued on conversion of a Note will be determined by dividing the relevant principal amount of the Note (translated into at the fixed rate of exchange of 1.00 per US$1.6088) by the Note Conversion Price. 

Pursuant to Rule 19 of the Code, an appropriate offer will be made for the Notes and such offer will be conditional upon the Offer becoming or being declared unconditional in all respects in accordance with its terms (the “Notes Offer”) 

2.4 Irrevocable Undertakings 

As at the Offer Announcement Date, certain existing Shareholders, namely, Keresa Plantations Sendirian Berhad, Steadfast Capital L.P., American Steadfast L.P., Steadfast International Master Fund Limited, East Pacific Capital Limited, Dennis Nicholas Melka, Waddell Holding Limited, Graeme Iain Brown and Tan Sri Datuk Amar Leonard Linggi (collectively, the “Undertaking Shareholders”), have each given irrevocable undertakings (the “Irrevocable Undertakings”) in favour of the Offeror to, inter alia, accept, or procure the acceptance of, the Offer in respect of an aggregate of 28,011,209 Shares that are directly or indirectly held and/or controlled by the Undertaking Shareholders, representing approximately 59.9% of the total number of issued Shares as at the Offer Announcement Date (collectively, the “Undertaking Shares”). 

Further details of the Irrevocable Undertakings are set out in the Offer Announcement attached as Appendix I. 

2.5 Basis of arriving at the Offer Price for the Offer Shares

The Offer Price of 2.20 (approximately the equivalent of RM11.50) per Offer Share was arrived at after taking into consideration the closing price of APL Shares on 28 August 2014, being the last full trading day in the Shares prior to the Offer Announcement (“Last Trading Day”) and volume weighted average price (“VWAP”) of the Shares for various period up to and including 28 August 2014 as follows: 

(a) a premium of approximately 3.5% over the last transacted price per Share on the AIM (as defined below) of 2.1250 (approximately the equivalent of RM11.1095) on the Last Trading Day; 

(b) a premium of approximately 6.1% over the VWAP of 2.0739(approximately the equivalent of RM10.8423) for the 1-month period prior to the Last Trading Day; 

(c) a premium of approximately 4.3% over the VWAP of 2.1096 (approximately the equivalent of RM11.0290) for the 3-month period prior to the Last Trading Day; 

(d) a discount of approximately 3.0% over the VWAP of 2.2685 (approximately the equivalent of RM11.8597) for the 6-month period prior to the Last Trading Day; and 

(e) a premium of approximately 5.1% over the VWAP of 2.0939 (approximately the equivalent of RM10.9469) for the 12-month period prior to the Last Trading Day. 

The Offer Price represents a premium of approximately 294.8% over the NAV per Share of 0.5572 (approximately the equivalent of RM2.9130) as at 31 December 2013. 

2.6 Duration of the Offer 

Further information on the Offer, the Options Proposal and the Notes Offer will be set out in the offer document (“Offer Document”). The Offer Document, which will contain the terms and conditions of the Offer, the Options Proposal and the Notes Offer and enclose the appropriate form(s) of acceptance, will be despatched to Shareholders, Option Holders and Note Holders, as the case may be, not earlier than 14 days and not later than 21 days from the Offer Announcement Date. 

The Offer, the Options Proposal and the Notes Offer will remain open for acceptances by Shareholders, Option Holders and Notes Holders, as the case may be, for a period of at least 28 days after the date of posting of the Offer Document. 

2.7 Source of Funds

The consideration for the Offer shall be fully funded by cash.

2.8 Conditions of the Offer 

The Offer is conditional upon FGV having received, by the close of the Offer, valid acceptances in respect of such number of Offer Shares which, together with the Shares owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it, which will result in FGV and parties acting in concert with it holding such number of Shares carrying more than 75% of the total voting rights attributable to the Shares as at the close of the Offer (the “Acceptance Condition”). 

FGV reserves the right to revise the level of the Acceptance Condition to a level of 75% or below (but more than 50%) of the voting rights of the Company as at the close of the Offer, subject to the prior consent of the Securities Industry Council of Singapore (the “SIC”). 

The other conditions are set out in the Offer Announcement attached as Appendix I.

2.9 Liabilities to be assumed by the FGV Group 

FGV will not assume any liabilities pursuant to the Offer save that the liabilities stated in the balance sheet of APL, would be consolidated into the financial statements of FGV. 

2.10 Listing Status of APL

FGV intends to make APL its wholly-owned subsidiary and does not intend to preserve the listing status of APL. Accordingly, FGV when entitled, intends to exercise its rights to compulsorily acquire all the Shares from Shareholders who have not accepted the Offer on the same terms as those offered under the Offer. 

3. INFORMATION ON APL 

APL was incorporated in Singapore on 20 October 2009 as a public company under the Companies Act, Chapter 50 of Singapore (the “Singapore Companies Act”). It was listed on the Alternative Investment Market of the London Stock Exchange (“AIM”) on 30 November 2009.

APL and its subsidiaries (the “APL Group”) are involved in palm oil plantation operations which include the business of acquisition and development of palm oil plantation land in Sarawak, Malaysia. APL’s business is in the acquisition of properly zoned agricultural land in Malaysia which can be developed into high-quality, mature palm oil estates. 

As at year-end 2013, APL had five wholly-owned plantation estates totalling approximately 24,622 hectares. 

As at the Offer Announcement Date, based on information available to the Offeror, the directors of the Company are: 

(a) Tan Sri Datuk Amar Leonard Linggi Anak Jugah (Chairman and Non-Executive Director); 

(b) Tan Sri Datuk Amar Leo Moggie (Independent and Non-Executive Director); 

(c) Mr. Graeme Iain Brown (Joint Chief Executive Officer and Executive Director); and 

(d) Mr. Dennis Nicholas Melka (Joint Chief Executive Officer and Executive Director). 

Based on an instant information search obtained from the Accounting and Corporate Regulatory Authority of Singapore on the Offer Announcement Date, APL’s issued share capital is S$59,268,587 (approximately the equivalent of RM149,653,182), 16,000,001.60 (approximately the equivalent of RM83,648,008.36) and US$21,500,000 (approximately the equivalent of RM67,725,000) comprising 33,717,752 Shares, 7,272,728 Shares and 5,770,654 Shares respectively and there are no Shares held in treasury. Accordingly, APL has an aggregate of 46,761,134 Shares in issue as at the Offer Announcement Date. Based on information published by the Company, as at 7 August 2014, 28,011,209 Shares representing approximately 59.9% of the total issued Shares are not held by public Shareholders.

As at the Offer Announcement Date, based on information available to FGV, APL has, inter alia: 

(a) an aggregate of 3,482,500 outstanding Options, which have vested and are exercisable into an aggregate of 3,482,500 new Shares at exercise prices of between S$1.55 (or approximately the equivalent of 0.75 or RM3.91) and S$5.07 (or approximately the equivalent of 2.45 or RM12.80) per Share; 

(b) an aggregate of 712,500 outstanding Options, which have not vested and which upon vesting, are exercisable into an aggregate of 712,500 new Shares at an exercise price of S$1.55 (or approximately the equivalent of 0.75 or RM3.91) per Share; 

(c) an aggregate of US$2.1 million (approximately the equivalent of RM6.6 million) in principal amount of Bonds, which are convertible into 434,700 new Shares at a conversion price of US$4.83 per Share (or approximately the equivalent of 2.91 or RM15.21 per Share); and 

(d) an aggregate of US$15.0 million (approximately the equivalent of RM47.3 million) in principal amount of Notes, which are convertible into 3,260,041 new Shares at a conversion price of 2.86 per Share (approximately the equivalent of RM14.95).

Summary Financial Information of APL Group 

 

FYE 31 December

 

2011

2012

2013

 

US$'000

US$'000

US$'000

Revenue

578

2,820

23,763

Loss Before Tax

(10,833)

(7,072)

(11,453)

Loss After Tax

(11,555)

(6,879)

(10,401)

    

Paid-up Share Capital

87,321

88,594

89,731

Net Assets

59,122

57,033

43,199

    
    
 

FYE 31 December

 

2011

2012

2013

 

RM'000

RM'000

RM'000

Revenue

1,821

8,883

74,853

Loss Before Tax

(34,124)

(22,277)

(36,077)

Loss After Tax

(36,398)

(21,669)

(32,763)

    

Paid-up Share Capital

275,061

279,071

282,653

Net Assets

186,234

179,654

136,077

4. RATIONALE FOR THE OFFER 

FGV pursues a strategic expansion programme to ensure the continued growth of its businesses. 50% of the FGV listing proceeds of RM4.5 billion has been earmarked to pursue strategic expansion of its upstream business. The proposed acquisition of the APL Group through the Offer is in line with FGV’s expansion roadmap. 

FGV will have the opportunity to tap into the APL’s established plantation and milling operations in Sarawak. This will result in the expansion of FGV’s plantation presence in Sarawak and increase its plantation landbank by approximately 24,622 hectares. The Offer is also expected to give rise to cost savings from operational synergies following the integration of the businesses. This is expected to contribute positively to the enlarged FGV group’s financial performance in the future.

5. OVERVIEW AND OUTLOOK OF THE PLANTATION INDUSTRY 

Despite concerns about the adverse impact on CPO output due to a potential El Nino plus tree stress in Malaysia, CPO production, in the first half of 2014, increased to 9.1 million tonnes, from 8.4 million tonnes over the same period last year. The Malaysian Palm Oil Board estimates CPO output to hit a record 19.5 million tonnes this year, compared to 19.2 million tonnes in 2013. 

Although CPO prices have dropped to about RM2,000–RM2,200 per tonne in recent months due to a bumper harvest of soybeans, which produce soyoil, a substitute for palm oil, analysts expect CPO prices to recover to RM2,600-RM2,700 by the end of the year and rise to about RM2,800 per tonne in 2016. 

Given that plantation is a long-term undertaking, prospects continue to be favourable. Malaysia’s Economic Transformation Programme (“ETP”) identified palm oil as a major component of Malaysia’s economy. The focus is on ensuring the productivity and sustainability of the industry by improving oil palm cultivation, productivity and enhancing utilisation of biomass. This is in line with the Government’s efforts to increase the total gross national income contribution of the industry by RM125 billion to RM178 billion by 2020. 

Premised on the above and that the Offer augurs well with the expansion plan of the FGV Group, the Offer is expected to contribute positively to the future earnings of the FGV Group. 

(Source: Malaysian Palm Oil Board, Broker research)

6. RISKS IN RELATION TO THE OFFER 

The Offer is not expected to materially change the risk profile of the FGV Group’s business as APL is in the similar industry in which the FGV Group operates. Similar to the FGV Group, APL is exposed to, amongst others, business and operational risks inherent to the plantation industry. 

APL is an AIM-listed company and is required to make the necessary disclosures including publishing its financials and announcing any material events. Prior to the offer announcement, FGV has conducted extensive diligence on all publicly available information on APL including annual reports, audited financial statements and company presentations. 

Nevertheless, there can be no assurance that such publicly-available information obtained is reflective of the current position or profile of APL.

7. EFFECTS OF THE OFFER 

The effects of the Offer are as follows: 

Share Capital and Shareholding Structure 

The Offer will not have any effect on the share capital and shareholding structure of FGV as there is no issuance of new FGV shares 

Earnings per Share (“EPS”) 

Barring unforeseen circumstances, the Offer is expected to contribute positively towards the future earnings and EPS of the FGV Group. 

Net Assets 

The Offer is not expected to have any effect on the Net Assets of the FGV Group 

Gearing 

The effect of the Offer on the FGV Group’s gearing is set out below: 

 

Audited as at 31 December 2013

After the

Offer(1)

 

RM’000

RM’000

Total Borrowings (with LLA(2) liability)

9,192,090

9,687,907

Gearing (times) (with LLA(2) liability)

1.40

1.47

 

 

 

Total Borrowings (without LLA(2) liability)

4,347,700

4,843,517

Gearing (times) (without LLA(2) liability)

0.66

0.74

 

Note:

(1) APL’s borrowings were converted using an exchange rate of US$1.00 : RM3.2757 as at 31 December 2013

(2) Land Lease Liability

 

8. APPROVALS REQUIRED 

The Offer is not subject to the approval of the shareholders of FGV. 

Prior consent of the SIC is required, inter alia, if FGV were to revise the Acceptance Condition at the close of the Offer.

9. ESTIMATED TIMEFRAME FOR COMPLETION 

FGV expects to complete the Offer within the final quarter of 2014. 

10. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST 

None of the directors or major shareholders of FGV or persons connected with them has any interest, direct or indirect, in the Offer.

11. DIRECTORS’ STATEMENT 

After considering all aspects of the Offer, the Board of Directors of FGV is of the opinion that the Offer is in the best interest of FGV.

12. HIGHEST PERCENTAGE RATIO APPLICABLE 

The highest percentage ratio applicable to the Offer is 9.57% pursuant to paragraph 10.02(g) of the Listing Requirements of Bursa Malaysia Securities Berhad for the Main Market. 

Note: 

In this Announcement, where applicable, the exchange rates of US$1.00 to RM3.1500, 1.00 to RM5.2280 and S$1.00 to RM2.5250 extracted from Bloomberg L.P. on the Last Trading Day respectively have been used for purposes of calculation. 

This announcement is dated 29 August 2014.

 


FGV - OTHERS FELDA GLOBAL VENTURES HOLDINGS BERHAD - MEDIA RELEASE

Announcement Type: General Announcement
Company NameFELDA GLOBAL VENTURES HOLDINGS BERHAD  
Stock Name FGV  
Date Announced29 Aug 2014  
CategoryGeneral Announcement
Reference NoFG-140828-3F5B0

TypeAnnouncement
SubjectOTHERS
DescriptionFELDA GLOBAL VENTURES HOLDINGS BERHAD - MEDIA RELEASE

We provide hereunder the media release in relation to FGV Acquires Asian Plantations for a total cash consideration of RM628 million.

 

Attachments

APL press release.pdf
328 KB



CAP - China Automobile Parts Holdings Limited- Reply to Query from Bursa Malaysia Securities Berhad

Announcement Type: General Announcement
Company NameCHINA AUTOMOBILE PARTS HOLDINGS LIMITED  
Stock Name CAP  
Date Announced29 Aug 2014  
CategoryGeneral Announcement
Reference NoCC-140829-32283

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDTE-140828-38271
SubjectChina Automobile Parts Holdings Limited
- Reply to Query from Bursa Malaysia Securities Berhad
DescriptionMemorandum of Understanding between China Automobile Parts Holdings Limited and Protev Asia Limited
Query Letter Contents We refer to your Company's announcement dated 27 August 2014, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. Background information including principal business activities, identity of
the Directors and Major Shareholders.
2. The relationship between Protev Asia and Projektarbelt.
3. The specific nature of the business relationship between Projektarbelt with
the renowned automobile companies in Europe.
4. The duration of the MOU.
5. The proposed roles of your Company and Protev Asia under the MOU with regard
to the trading and distribution business in Europe.

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

Yours faithfully



HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation
IJ/TEK

c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)

(Unless otherwise defined, the abbreviations used throughout this announcement shall be the same as the previously defined in the announcement dated 27 August 2014)

We refer to the letter from Bursa Malaysia Berhad dated 28 August 2014 in relation to the Company’s announcement submitted on 27 August 2014. Set out below is our response to the additional information required:

1. Background information including principal business activities, identity of the Directors and Major Shareholders. 

 Protev Asia is a technical consulting and project management company that assists companies in Europe, United States and Mexico in sourcing for tools, parts and components for the automotive market.  Mr.  Herbert Tucakovic is the sole director and shareholder. He is also the President of Protev Asia.

2. The relationship between Protev Asia and Projektarbelt

 Protev Asia and Projektarbelt have a common director and shareholder.

3. The specific nature of the business relationship between Projektarbelt with the renowned automobile companies in Europe. 

 Mr. Herbert Tucakovic has 45 years of working relationship with the major automotive companies in Europe and for the past 8 years, Protev Asia and its affiliated companies (“Protev Group”) have been working closely with  some of the automotive parts manufacturers in their products development. Protev Group provides technical support and project management services to these automotive producers.

4. The duration of the MOU.

 The MOU does not have specific duration.

5. The proposed roles of your Company and Protev Asia under the MOU with regard to the trading and distribution business in Europe.

 CAP will be responsible for the production and supply of the products whilst Protev Asia will be responsible for the sales and distribution of the products.

This announcement is dated 29 August 2014.



BARAKAH - Quarterly rpt on consolidated results for the financial period ended 30/6/2014 (Amended Announcement)

Announcement Type: Financial Results
Company NameBARAKAH OFFSHORE PETROLEUM BERHAD  
Stock Name BARAKAH  
Date Announced29 Aug 2014  
CategoryFinancial Results
Reference NoCC-140829-60073

Financial Year End31/12/2014
Quarter2
Quarterly report for the financial period ended30/06/2014
The figureshave not been audited

Attachments

Barakah FPE 30.06.2014.pdf
500 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2014
30/06/2013
30/06/2014
30/06/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
159,707
57,716
326,894
211,785
2Profit/(loss) before tax
16,785
7,150
34,482
35,894
3Profit/(loss) for the period
12,338
5,366
25,685
30,434
4Profit/(loss) attributable to ordinary equity holders of the parent
12,349
5,375
25,706
30,456
5Basic earnings/(loss) per share (Subunit)
1.99
1.11
4.15
6.29
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 ($$)
0.4862
0.3328

Remarks :
This amended announcement is made due to the typo error on item 3 of Summary of Key Financial Information in respect of Profit/(loss) for the period, for the cumulative quarter ended 30 June 2014, should be 25,685 instead of 25,683.
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


FFHB - Quarterly rpt on consolidated results for the financial period ended 30/6/2014

Announcement Type: Financial Results
Company NameFEDERAL FURNITURE HOLDINGS (M) BERHAD  
Stock Name FFHB  
Date Announced29 Aug 2014  
CategoryFinancial Results
Reference NoFF-140829-47378

Financial Year End31/12/2014
Quarter2
Quarterly report for the financial period ended30/06/2014
The figureshave not been audited

Attachments

KLSE2Q14 Final.pdf
65 KB

KLSE2Q14 Notes.pdf
208 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2014
30/06/2013
30/06/2014
30/06/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
10,978
14,789
27,209
27,885
2Profit/(loss) before tax
1,152
1,258
1,839
2,677
3Profit/(loss) for the period
462
1,188
1,149
2,607
4Profit/(loss) attributable to ordinary equity holders of the parent
458
1,088
1,137
2,611
5Basic earnings/(loss) per share (Subunit)
0.55
1.32
1.37
3.16
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 ($$)
0.3857
0.3590
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


JERASIA - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameJERASIA CAPITAL BERHAD  
Stock Name JERASIA  
Date Announced29 Aug 2014  
CategoryGeneral Meetings
Reference NoCC-140827-45968

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionNotice of the 14th Annual General Meeting of Jerasia Capital Berhad
Date of Meeting24/09/2014
Time10:00 AM
VenueBahamas 2 & 3, Level 12, Sunway Resort Hotel & Spa, Persiaran Lagoon, Bandar Sunway, 47500 Selangor Darul Ehsan
Date of General Meeting Record of Depositors17/09/2014

Attachments

Jerasia Notice of 14th AGM.pdf
165 KB



FITTERS - Circular/Notice to Shareholders

Announcement Type: PDF Submission
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced29 Aug 2014  
CategoryPDF Submission
Reference NoML-140829-37242

SubjectCIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED BONUS ISSUE OF UP TO 137,217,604 NEW ORDINARY SHARES OF RM0.50 EACH IN FITTERS DIVERSIFIED BERHAD (“FITTERS”) (“FITTERS SHARES”) ON THE BASIS OF TWO (2) NEW FITTERS SHARES FOR EVERY FIVE (5) EXISTING FITTERS SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“ENTITLEMENT DATE”); (II) PROPOSED ISSUE OF UP TO 137,217,604 FREE WARRANTS IN FITTERS (“WARRANTS”) ON THE BASIS OF TWO (2) WARRANTS FOR EVERY FIVE (5) EXISTING FITTERS SHARES HELD ON THE ENTITLEMENT DATE


LAYHONG - Annual Report 2014

Announcement Type: Document Receipt
Company NameLAY HONG BERHAD  
Stock Name LAYHONG  
Date Announced29 Aug 2014  
CategoryDocument Receipt
Reference NoJM-140829-44281

Annual Report for Financial Year Ended31/03/2014
SubjectAnnual Report 2014

Attachments

LAYHONG-AnnualReport2014.pdf
1919 KB






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