ACOSTEC - Quarterly rpt on consolidated results for the financial period ended 30/6/2012
Announcement Type: Financial Results
Company Name: ACOUSTECH BERHAD
Stock Name: ACOSTEC
Date Announced: 15/08/2012
Announcement Detail:
Financial Year End: 31/12/2012
Quarter: 2
Quarterly report for the financial period ended: 30/06/2012
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: ACOUSTECH BERHAD
Stock Name: ACOSTEC
Date Announced: 15/08/2012
Announcement Detail:
Financial Year End: 31/12/2012
Quarter: 2
Quarterly report for the financial period ended: 30/06/2012
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
YSPSAH - Quarterly rpt on consolidated results for the financial period ended 30/6/2012
Announcement Type: Financial Results
Company Name: Y.S.P.SOUTHEAST ASIA HOLDING BERHAD
Stock Name: YSPSAH
Date Announced: 15/08/2012
Announcement Detail:
Financial Year End: 31/12/2012
Quarter: 2
Quarterly report for the financial period ended: 30/06/2012
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: Y.S.P.SOUTHEAST ASIA HOLDING BERHAD
Stock Name: YSPSAH
Date Announced: 15/08/2012
Announcement Detail:
Financial Year End: 31/12/2012
Quarter: 2
Quarterly report for the financial period ended: 30/06/2012
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
PICORP - Listing Circular
Announcement Type: Listing Circular
Company Name: PROGRESSIVE IMPACT CORPORATION BERHAD
Stock Name: PICORP
Date Announced: 15/08/2012
Announcement Detail:
Subject: BURSA MALAYSIA PUBLICLY REPRIMANDS PROGRESSIVE IMPACT CORPORATION BERHAD FOR BREACH OF MAIN MARKET LISTING REQUIREMENTS
Contents: Bursa Malaysia Securities Berhad (Bursa Securities) has publicly reprimanded Progressive Impact Corporation Berhad (PICORP) in respect of the following:
(i) Failing to take into account the adjustments stated in the Company's announcement dated 29 April 2011 when it announced its fourth quarter report for the financial period ended 31 December 2010 (QR4/2010) on 28 February 2011 (1st Variance); and
(ii) Failing to take into account the adjustments stated in the Company's announcement dated 15 May 2012 when it announced its fourth quarter report for the financial period ended 31 December 2011 (QR4/2011) on 29 February 2012 (2nd Variance).
The failures to take into account the adjustments were in contravention of paragraph 9.16(1)(a) of the Main Market Listing Requirements (Main LR) where a listed issuer must ensure that each announcement is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.
PICORP is also required to carry out a limited review of its quarterly report submissions. The limited review must be performed by external auditors for four quarterly reports commencing from the quarterly report for the financial period ended 30 September 2012. In addition, PICORP must ensure all its directors and the relevant personnel attend a training programme on compliance with the Main LR pertaining to financial statements and assess the competency, adequacy and effectiveness of its financial reporting function.
While Bursa Securities has not found any of PICORP's directors to have caused or permitted the breach by the Company, Bursa Securities wishes to highlight that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the Listing Requirements. The Board of Directors at the material time was as follows:
1. Dato' Mohamed bin Hashim (retired on 23 May 2011)
2. Haji Zaid bin Haji Abdullah
3. Hajjah Zaidah bt Haji Mohd Salleh
4. Haji Hassan bin Hussain
5. Emeritus Professor Dato' Dr. Mohd Sham bin Mohd Sani
6. Lee Weng Chong
7. Datuk Abdul Hamid bin Sawal (appointed on 23 May 2011)
Bursa Securities views the contravention seriously and reminds PICORP and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.
BACKGROUND
(I) In respect of the 1st Variance, PICORP reported an unaudited profit after taxation and minority interest of RM546,000 in its QR4/2010 unaudited results, compared to an audited profit after taxation and minority interest of RM1,912,033 in its annual audited accounts for the financial year ended 31 December 2010. The difference of RM1,366,033 between the unaudited results and the audited results represented a deviation of approximately 250%.
The deviation was mainly due to the omission by the Company to take into account the net gain arising from fair value adjustment of the Company's investment property amounting to RM1.248 million in accordance with the accounting standard. The omission by the Company was unreasonable particularly as the Company had recognised the gain arising from changes in the fair value of its investment properties in the previous financial year ended 31 December 2006 and 31 December 2008.
(II) In respect of the 2nd Variance, PICORP reported an unaudited profit after taxation and minority interest of RM9,234,000 in its QR4/2011 unaudited results, compared to an audited profit after taxation and minority interest of RM11,391,796 in its annual audited accounts for the financial year ended 31 December 2011. The difference of RM2,157,796 between the unaudited results and the audited results represented a deviation of approximately 23.37%.
The deviation was mainly due to the full impairment in respect of the Company's investment in an associate instead of impairment up to the market value of the investment or the recoverable amount in accordance with the accounting standards.
Company Name: PROGRESSIVE IMPACT CORPORATION BERHAD
Stock Name: PICORP
Date Announced: 15/08/2012
Announcement Detail:
Subject: BURSA MALAYSIA PUBLICLY REPRIMANDS PROGRESSIVE IMPACT CORPORATION BERHAD FOR BREACH OF MAIN MARKET LISTING REQUIREMENTS
Contents: Bursa Malaysia Securities Berhad (Bursa Securities) has publicly reprimanded Progressive Impact Corporation Berhad (PICORP) in respect of the following:
(i) Failing to take into account the adjustments stated in the Company's announcement dated 29 April 2011 when it announced its fourth quarter report for the financial period ended 31 December 2010 (QR4/2010) on 28 February 2011 (1st Variance); and
(ii) Failing to take into account the adjustments stated in the Company's announcement dated 15 May 2012 when it announced its fourth quarter report for the financial period ended 31 December 2011 (QR4/2011) on 29 February 2012 (2nd Variance).
The failures to take into account the adjustments were in contravention of paragraph 9.16(1)(a) of the Main Market Listing Requirements (Main LR) where a listed issuer must ensure that each announcement is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.
PICORP is also required to carry out a limited review of its quarterly report submissions. The limited review must be performed by external auditors for four quarterly reports commencing from the quarterly report for the financial period ended 30 September 2012. In addition, PICORP must ensure all its directors and the relevant personnel attend a training programme on compliance with the Main LR pertaining to financial statements and assess the competency, adequacy and effectiveness of its financial reporting function.
While Bursa Securities has not found any of PICORP's directors to have caused or permitted the breach by the Company, Bursa Securities wishes to highlight that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the Listing Requirements. The Board of Directors at the material time was as follows:
1. Dato' Mohamed bin Hashim (retired on 23 May 2011)
2. Haji Zaid bin Haji Abdullah
3. Hajjah Zaidah bt Haji Mohd Salleh
4. Haji Hassan bin Hussain
5. Emeritus Professor Dato' Dr. Mohd Sham bin Mohd Sani
6. Lee Weng Chong
7. Datuk Abdul Hamid bin Sawal (appointed on 23 May 2011)
Bursa Securities views the contravention seriously and reminds PICORP and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.
BACKGROUND
(I) In respect of the 1st Variance, PICORP reported an unaudited profit after taxation and minority interest of RM546,000 in its QR4/2010 unaudited results, compared to an audited profit after taxation and minority interest of RM1,912,033 in its annual audited accounts for the financial year ended 31 December 2010. The difference of RM1,366,033 between the unaudited results and the audited results represented a deviation of approximately 250%.
The deviation was mainly due to the omission by the Company to take into account the net gain arising from fair value adjustment of the Company's investment property amounting to RM1.248 million in accordance with the accounting standard. The omission by the Company was unreasonable particularly as the Company had recognised the gain arising from changes in the fair value of its investment properties in the previous financial year ended 31 December 2006 and 31 December 2008.
(II) In respect of the 2nd Variance, PICORP reported an unaudited profit after taxation and minority interest of RM9,234,000 in its QR4/2011 unaudited results, compared to an audited profit after taxation and minority interest of RM11,391,796 in its annual audited accounts for the financial year ended 31 December 2011. The difference of RM2,157,796 between the unaudited results and the audited results represented a deviation of approximately 23.37%.
The deviation was mainly due to the full impairment in respect of the Company's investment in an associate instead of impairment up to the market value of the investment or the recoverable amount in accordance with the accounting standards.
THHEAVY - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
Company Name: TH HEAVY ENGINEERING BERHAD
Stock Name: THHEAVY
Date Announced: 15/08/2012
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description: TH HEAVY ENGINEERING BERHAD (FORMERLY KNOWN AS RAMUNIA HOLDINGS BERHAD) ("THHEAVY" OR "THE COMPANY")
- Dealings in securities of TH Heavy Engineering Berhad (Formerly known as Ramunia Holdings Berhad) ("the Company") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Company Name: TH HEAVY ENGINEERING BERHAD
Stock Name: THHEAVY
Date Announced: 15/08/2012
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description: TH HEAVY ENGINEERING BERHAD (FORMERLY KNOWN AS RAMUNIA HOLDINGS BERHAD) ("THHEAVY" OR "THE COMPANY")
- Dealings in securities of TH Heavy Engineering Berhad (Formerly known as Ramunia Holdings Berhad) ("the Company") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
UMSNGB - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: UMS-NEIKEN GROUP BERHAD
Stock Name: UMSNGB
Date Announced: 15/08/2012
Announcement Detail:
Date of buy back: 15/08/2012
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 51,700
Minimum price paid for each share purchased ($$): 0.335
Maximum price paid for each share purchased ($$): 0.400
Total consideration paid ($$): 18,754.96
Number of shares purchased retained in treasury (units): 51,700
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 401,300
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.5
Company Name: UMS-NEIKEN GROUP BERHAD
Stock Name: UMSNGB
Date Announced: 15/08/2012
Announcement Detail:
Date of buy back: 15/08/2012
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 51,700
Minimum price paid for each share purchased ($$): 0.335
Maximum price paid for each share purchased ($$): 0.400
Total consideration paid ($$): 18,754.96
Number of shares purchased retained in treasury (units): 51,700
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 401,300
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.5
HANDAL - OTHERS
Announcement Type: General Announcement
Company Name: HANDAL RESOURCES BERHAD
Stock Name: HANDAL
Date Announced: 15/08/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: HANDAL RESOURCES BERHAD ("HRB" or "the Company")
Letter of Award to Handal Offshore Services Sdn Bhd for the provision of crane long-term services for Carigali Hess Operating Company Sdn Bhd
Company Name: HANDAL RESOURCES BERHAD
Stock Name: HANDAL
Date Announced: 15/08/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: HANDAL RESOURCES BERHAD ("HRB" or "the Company")
Letter of Award to Handal Offshore Services Sdn Bhd for the provision of crane long-term services for Carigali Hess Operating Company Sdn Bhd
YINSON - GENERAL MEETINGS: OUTCOME OF MEETING
Announcement Type: General Meetings
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: YINSON HOLDINGS BERHAD
Stock Name: YINSON
Date Announced: 15/08/2012
Announcement Detail:
Type of Meeting: EGM
Indicator: Outcome of Meeting
Date of Meeting: 15/08/2012
Time: 12:00 PM
Venue: Sri Banang I, 2nd Floor, Mutiara Hotel, Jalan Dato Sulaiman, Taman Century, K.B. No. 779, 80990 Johor Darul Takzim
Outcome of Meeting: On behalf of the Board of Directors of Yinson Holdings Berhad, AmInvestment Bank Berhad wishes to announce that the ordinary resolution, as stated in the Circular to Shareholders dated 31 July 2012, put to vote at the Extraordinary General Meeting of the Company held on 15 August 2012 was duly carried in the meeting.
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: YINSON HOLDINGS BERHAD
Stock Name: YINSON
Date Announced: 15/08/2012
Announcement Detail:
Type of Meeting: EGM
Indicator: Outcome of Meeting
Date of Meeting: 15/08/2012
Time: 12:00 PM
Venue: Sri Banang I, 2nd Floor, Mutiara Hotel, Jalan Dato Sulaiman, Taman Century, K.B. No. 779, 80990 Johor Darul Takzim
Outcome of Meeting: On behalf of the Board of Directors of Yinson Holdings Berhad, AmInvestment Bank Berhad wishes to announce that the ordinary resolution, as stated in the Circular to Shareholders dated 31 July 2012, put to vote at the Extraordinary General Meeting of the Company held on 15 August 2012 was duly carried in the meeting.
TIMWELL - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Announcement Type: General Announcement
Company Name: TIMBERWELL BERHAD
Stock Name: TIMWELL
Date Announced: 15/08/2012
Announcement Detail:
Type: Announcement
Subject: MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description: Pursuant to Paragraph 9.36 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Timberwell Berhad ("the Company") wishes to announce that the log production of the Company for the month of July 2012 was 5,873.47 cubic metre.
This announcement is dated 15 August 2012.
Company Name: TIMBERWELL BERHAD
Stock Name: TIMWELL
Date Announced: 15/08/2012
Announcement Detail:
Type: Announcement
Subject: MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description: Pursuant to Paragraph 9.36 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Timberwell Berhad ("the Company") wishes to announce that the log production of the Company for the month of July 2012 was 5,873.47 cubic metre.
This announcement is dated 15 August 2012.
TIMWELL - Quarterly rpt on consolidated results for the financial period ended 30/6/2012
Announcement Type: Financial Results
Company Name: TIMBERWELL BERHAD
Stock Name: TIMWELL
Date Announced: 15/08/2012
Announcement Detail:
Financial Year End: 31/12/2012
Quarter: 2
Quarterly report for the financial period ended: 30/06/2012
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: TIMBERWELL BERHAD
Stock Name: TIMWELL
Date Announced: 15/08/2012
Announcement Detail:
Financial Year End: 31/12/2012
Quarter: 2
Quarterly report for the financial period ended: 30/06/2012
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
POLY - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 15/08/2012
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description: Pursuant to paragraph 14.09(a) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad, the following Director of POLY GLASS FIBRE (M) BHD. has transacted dealing in securities of the Company as set out below:-
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 15/08/2012
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description: Pursuant to paragraph 14.09(a) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad, the following Director of POLY GLASS FIBRE (M) BHD. has transacted dealing in securities of the Company as set out below:-
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