PW - Quarterly rpt on consolidated results for the financial period ended 30/6/2014
Announcement Type: Financial Results
| Company Name | PW CONSOLIDATED BHD |
| Stock Name | PW |
| Date Announced | 29 Aug 2014 |
| Category | Financial Results |
| Reference No | CC-140807-801C4 |
| Financial Year End | 31/12/2014 |
| Quarter | 2 |
| Quarterly report for the financial period ended | 30/06/2014 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION30/06/2014 |
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 | 71,191 | 57,543 | 142,123 | 114,813 |
| 2 | Profit/(loss) before tax | 3,303 | 3,214 | 8,990 | 4,703 |
| 3 | Profit/(loss) for the period | 2,543 | 1,731 | 6,796 | 3,048 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 2,543 | 1,731 | 6,796 | 3,429 |
| 5 | Basic earnings/(loss) per share (Subunit) | 4.26 | 2.90 | 11.39 | 5.11 |
| 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 ($$) | 3.6000 | 3.4900 | ||
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
PW - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
| Company Name | PW CONSOLIDATED BHD |
| Stock Name | PW |
| Date Announced | 29 Aug 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CC-140829-04372 |
TGOFFS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
| Company Name | TANJUNG OFFSHORE BERHAD |
| Stock Name | TGOFFS |
| Date Announced | 29 Aug 2014 |
| Category | General Announcement |
| Reference No | CA-140829-A62FD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TANJUNG OFFSHORE BERHAD – DISPOSAL OF THE ENTIRE SHARE CAPITAL IN TANJUNG MAINTENANCE SERVICES SDN. BHD. |
1. INTRODUCTION The Board of Directors of Tanjung Offshore Berhad ("Tanjung") wishes to announce that the Company had on 29 August 2014 entered into an Agreement for the Sale and Purchase of the entire share capital in Tanjung Maintenance Services Sdn. Bhd. (“TMS”) (“Agreement”) with Zulkifli Bin Ahmad and Encik Syed Elyas Bin Syed Abdullah (collectively referred to as the “Purchasers”), to dispose of its entire equity interest in TMS via a management buy-out for a total consideration of RM9.0 million (“Consideration”). 2. DETAILS OF THE DISPOSAL 2.1 Information on TMS TMS is a private limited company incorporated in Malaysia under the Companies Act, 1965 on 24 May 1996. It has an authorized share capital of RM5,000,000.00 comprising 5,000,000 ordinary shares of RM1.00 each, of which 4,000,000 ordinary shares of RM1.00 each have been issued and fully paid-up. TMS principal activity is providing maintenance services to the oil and gas and related industries. TMS is wholly owned subsidiary of Tanjung since incorporation. 2.2 Information on the Purchasers a) Encik Zulkifli Bin Ahmad b) Encik Syed Elyas Bin Syed Abdullah Both of the aforesaid purchasers are the existing Executive Directors of TMS. 2.3 Salient terms of the Agreement The salient terms of the Agreement are as follows:- The Purchasers can continue the business of TMS under the name of “Tanjung” within its ordinary course of business;The Purchasers shall agree that in the event Tanjung successfully secured contracts from any third party for the provision of maintenance services, Tanjung shall have priority to use the facilities/equipment of TMS at agreed costs; Tanjung shall provide other support services to the Purchasers for the purpose of facilitating the ordinary course of business of TMS on such terms and conditions to be mutually discussed and agreed upon; and Tanjung warrants that TMS shall be properly managed and carried on in the ordinary and usual course of business prior to the completion date. 2.4 Basis of arriving at the sale consideration The Consideration is derived after taking into consideration the net book value of approximately RM9.15 million and the loss making position of TMS as at 31 December 2013. The Consideration is to be paid in the following manner: 1) The payment of 10% deposit of RM900,000.00 upon the signing of the sale and purchase agreement; and2) The payment of five (5) equal yearly instalments of the balance purchase price amounting to RM1,620,000.00 per year until full settlement.
3. RATIONALE FOR THE DISPOSAL TMS has not been profitable in recent years and has continued to affect Tanjung’s cashflow position even after rationalisation exercise in financial year ended 2012. TMS has been affected by decreasing revenue and thin operating margins at its 5 workshops located in both Peninsular and East Malaysia. With the completion of various long term maintenance contracts in the financial year ended 2012 and 2013 respectively, and with no significant new long term contract as replacement, the workforce costs had eroded the profitability margins further. 4. FINANCIAL EFFECTS The Disposal will result in an estimated loss of approximately RM150,000.00 to Tanjung Group for the financial year ending 31 December 2014. Save for the above, there are no material effects on the net assets per share, gearing, share capital and substantial shareholders’ shareholdings in the Company for the financial year ending 31 December 2014. 5. PERCENTAGE RATIO The highest percentage ratio applicable to the Joint Venture pursuant to paragraph 10.02(g) of the Main Market Listing Requirement based on the latest audited financial statements of the Company for the year ended 31 December 2013 is 4.96%, arrived at based on the value of assets against the net assets of the Company.
6. APPROVAL REQUIRED The Disposal is not subject to the approval of the shareholders of the Company.
7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the directors or major shareholders of the Company or persons connected with them have any direct or indirect interest in the Disposal. 8. DIRECTORS’ STATEMENT The Board of the Company is of the opinion that the Disposal is in the best interest of the Company.
9. DOCUMENTS AVAILABLE FOR INSPECTION A copy of the Agreement is available for inspection at the registered office of Tanjung at 802, 8th Floor, Block C, Kelana Square, 17 Jalan SS 7/26, 47301 Petaling Jaya, Selangor during normal business hours on Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.
| |
SCNWOLF - Quarterly rpt on consolidated results for the financial period ended 30/6/2014
Announcement Type: Financial Results
| Company Name | SCANWOLF CORPORATION BERHAD |
| Stock Name | SCNWOLF |
| Date Announced | 29 Aug 2014 |
| Category | Financial Results |
| Reference No | CI-140822-0EE7D |
| Financial Year End | 31/03/2015 |
| Quarter | 1 |
| Quarterly report for the financial period ended | 30/06/2014 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION30/06/2014 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 11,748 | 10,552 | 11,748 | 10,552 |
| 2 | Profit/(loss) before tax | -861 | 171 | -861 | 171 |
| 3 | Profit/(loss) for the period | -952 | 52 | -952 | 52 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -1,020 | -122 | -1,020 | -122 |
| 5 | Basic earnings/(loss) per share (Subunit) | -1.35 | -0.16 | -1.35 | -0.16 |
| 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.5200 | 0.5400 | ||
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
SCNWOLF - Change in Audit Committee
Announcement Type: Change in Audit Committee
| Company Name | SCANWOLF CORPORATION BERHAD |
| Stock Name | SCNWOLF |
| Date Announced | 29 Aug 2014 |
| Category | Change in Audit Committee |
| Reference No | CI-140829-A567A |
| Date of change | 29/08/2014 |
| Name | Lim Beng Huat |
| Age | 62 |
| Nationality | Malaysian |
| Type of change | Resignation |
| Designation | Member of Audit Committee |
| Directorate | Independent & 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) | 1. Ong Sing Guan [Chairman - Independent & Non Executive Director (MIA)] 2. Chua Kiat Eng [Independent & Non Executive Director (MIA)] 3. Soon Eng Kooi [Independent & Non Executive Director] |
SCNWOLF - Change in Audit Committee
Announcement Type: Change in Audit Committee
| Company Name | SCANWOLF CORPORATION BERHAD |
| Stock Name | SCNWOLF |
| Date Announced | 29 Aug 2014 |
| Category | Change in Audit Committee |
| Reference No | CI-140829-56287 |
| Date of change | 29/08/2014 |
| Name | Lau Tiang Hua |
| Age | 61 |
| Nationality | Malaysian |
| Type of change | Resignation |
| Designation | Member of Audit Committee |
| Directorate | Independent & 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) | 1. Ong Sing Guan [Chairman - Independent & Non Executive Director (MIA)] 2. Chua Kiat Eng [Independent & Non Executive Director (MIA)] 3. Soon Eng Kooi [Independent & Non Executive Director] |
SCNWOLF - GENERAL MEETINGS: OUTCOME OF MEETING
Announcement Type: General Meetings
| Company Name | SCANWOLF CORPORATION BERHAD |
| Stock Name | SCNWOLF |
| Date Announced | 29 Aug 2014 |
| Category | General Meetings |
| Reference No | CI-140820-40055 |
| Type of Meeting | AGM |
| Indicator | Outcome of Meeting |
| Date of Meeting | 29/08/2014 |
| Time | 10:00 AM |
| Venue | Tembusu, 2nd Floor, Hotel Ibis Styles Ipoh, No. 18, Jalan Chung On Siew, 30250 Ipoh, Perak Darul Ridzuan |
| Outcome of Meeting | We wish to inform you that at the 8th AGM of the Company held on August 29, 2014, Resolutions 1 to 9 as specified in the agenda of the Notice of Meeting dated July 25, 2014 were carried. |
SCNWOLF - Change in Audit Committee
Announcement Type: Change in Audit Committee
| Company Name | SCANWOLF CORPORATION BERHAD |
| Stock Name | SCNWOLF |
| Date Announced | 29 Aug 2014 |
| Category | Change in Audit Committee |
| Reference No | CI-140829-B13E7 |
| Date of change | 29/08/2014 |
| Name | Soon Eng Kooi |
| Age | 51 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Member of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | Diploma in Technology (Building), Tunku Abdul Rahman College |
| Working experience and occupation | Mr. Soon Eng Kooi commenced his career in 1988 as quantity surveyor in Syarikat Jayatera Sdn Bhd and involved in several building projects before joining Ho Hup Construction Co. Bhd in 1991, where he gained his extensive experience in civil engineering construction, such as North-South Expressway and Kapar Power Station - Phase 3 Offshore Marine Works. He joined Ikhmas Jaya Sdn Bhd since 1997 until 2013 as Contracts Manager/Senior Contracts Manager, responsible for the company overall tendering activities, contracts performance and cost efficiency. Among the projects he successfully secured were Putra Bridge in Putrajaya, Chenor Bridge over Sg. Pahang, Sg. Paka and Sg. Kerteh Bridge in Terengganu, Sg. Skudai and Sg. Danga Bridge in Johor, Swing Bridge over Sg. Prai, Putrajaya Water Supply Development Project, SMART Tunnel Water Intake and Railway Viaduct from Subang to Skypark Terminal. |
| Directorship of public companies (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Composition of Audit Committee (Name and Directorate of members after change) | 1. Ong Sing Guan [Chairman - Independent & Non Executive Director (MIA)] 2. Chua Kiat Eng [Independent & Non Executive Director (MIA)] 3. Soon Eng Kooi [Independent & Non Executive Director] |
SCNWOLF - Change in Audit Committee
Announcement Type: Change in Audit Committee
| Company Name | SCANWOLF CORPORATION BERHAD |
| Stock Name | SCNWOLF |
| Date Announced | 29 Aug 2014 |
| Category | Change in Audit Committee |
| Reference No | CI-140829-ABB70 |
| Date of change | 29/08/2014 |
| Name | Chua Kiat Eng |
| Age | 50 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Member of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | - Member of Association of Chartered Certified Accountants - Member of Malaysian Institute of Accountants |
| Working experience and occupation | Mr. Chua Kiat Eng started his career with Messrs. Kassim Chan & Co. for a few years, before he moved into manufacturing sector in 1990. He served in various key positions in Isuta Group which had presence throughout Asia Pacific region. He was also appointed as Chief Executive Officer of Isuta International and a few other manufacturing companies. |
| Directorship of public companies (if any) | YGL Convergence Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Composition of Audit Committee (Name and Directorate of members after change) | 1. Ong Sing Guan [Chairman - Independent & Non Executive Director (MIA)] 2. Chua Kiat Eng [Independent & Non Executive Director (MIA)] 3. Soon Eng Kooi [Independent & Non Executive Director] |
SCNWOLF - OTHERS SCANWOLF CORPORATION BERHAD ("the Company") - CHANGES IN THE COMPOSITION OF NOMINATION AND REMUNERATION COMMITTEE
Announcement Type: General Announcement
| Company Name | SCANWOLF CORPORATION BERHAD |
| Stock Name | SCNWOLF |
| Date Announced | 29 Aug 2014 |
| Category | General Announcement |
| Reference No | CI-140829-57146 |
| Type | Announcement |
| Subject | OTHERS |
| Description | SCANWOLF CORPORATION BERHAD ("the Company") - CHANGES IN THE COMPOSITION OF NOMINATION AND REMUNERATION COMMITTEE |
The Board of Directors of the Company wishes to announce that the changes in the composition of members of the Nomination and Remuneration Committee with effect from August 29, 2014 are as follows:- 1. Mr. Chang Nyen Wee has been appointed as the Chairman of the Nomination and Remuneration Committee in place of Mr. Lim Beng Huat who has been resigned. 2. Mr. Soon Eng Kooi has been appointed as a member of the Nomination and Remuneration Committee. The composition of members of the Nomination and Remuneration Committee after change shall be as follows: - Chairman Mr. Chang Nyen Wee (Non-Independent Non-Executive Director) Member Mr. Ong Sing Guan (Independent Non-Executive Director) Mr. Soon Eng Kooi (Independent Non-Executive Director) This announcement is dated August 29, 2014. | |
No comments:
Post a Comment