September 28, 2012

Company announcements: UOAREIT, THPLANT, ARREIT, ATRIUM, PENERGY, WASEONG, CYPARK

UOAREIT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameUOA REAL ESTATE INVESTMENT TRUST  
Stock Name UOAREIT  
Date Announced28 Sept 2012  
CategoryChange in Boardroom
Reference NoCC-120926-50278

Date of change28/09/2012
NameTee Kim Siong
Age40
NationalityMalaysian
Type of changeAppointment
DesignationExecutive Director
DirectorateExecutive
QualificationsDr James Tee Kim Siong graduated with a First Class Bachelor of Engineering (Hons.) Degree in Mechanical Engineering from Universiti Teknologi Malaysia (UTM), Malaysia. He holds a Doctorate (Ph.D.) in Materials Science & Metallurgy from the University of Cambridge, United Kingdom. He has won numerous prestigious awards and scholarships, and is a Fellow of the Cambridge Commonwealth Society of the United Kingdom.  
Working experience and occupation Dr James Tee Kim Siong was previously the Chief Executive Officer of GLM REIT Management Sdn. Bhd., the Manager of Tower Real Estate Investment Trust (Tower REIT). Formerly, he was the Group Chief Operating Officer of Kurnia Asia Berhad and was part of the Kurnia Group’s senior management team for 8 years. Before joining the Kurnia Group, he worked as a strategic management consultant with McKinsey & Company, based in the United States and ASEAN region. He is currently the Honorary Secretary of the Malaysian REIT Managers Association (MRMA).  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


THPLANT - General Announcement

Announcement Type: General Announcement
Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT  
Date Announced28 Sept 2012  
CategoryGeneral Announcement
Reference NoTP-120927-59571

TypeAnnouncement
SubjectOTHERS
DescriptionTH PLANTATIONS BERHAD'S HALF YEARLY UPDATE ON HEADLINE KEY PERFORMANCE INDICATORS ("KPI") FOR FINANCIAL YEAR 2012
TH Plantations Berhad ("THP") wishes to announce its half yearly update on performance for financial year ending 31 December 2012. These half yearly announcement have been set and agreed by the Board of Directors of THP, as part of the broader KPI framework that THP has in place, as prescribed under the Government-Linked Companies Transformation Programme, and is disclosed on a voluntary basis.
PERFORMANCE OF HALF YEARLY FINANCIAL YEAR 2012 HEADLINE KPIs

No.
KPIs
2012
(Target)
2nd Quarter 2012
(6 Months Unaudited Group Results)
1.
Return on Equity (ROE)
19.0%
5.4%
2.
Fresh Fruit Bunches (FFB) yield per mature hectare
22.07 mt/ha
9.17 mt/ha
3.
Dividend
To distribute approximately 50% of Group's Annual PATAMI
To distribute approximately 50% of Group's Annual PATAMI

Note:
During the second quarter ended 30 June 2012, THP has declared and paid first and single tier dividend of 12.5 sen per share in respect of financial year ended 31 December 2011 as approved by shareholders at THP's Annual General Meeting on 25 April 2012 amounting to RM64.52 million.


ARREIT - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameAMANAHRAYA REAL ESTATE INVESTMENT TRUST  
Stock Name ARREIT  
Date Announced28 Sept 2012  
CategoryGeneral Announcement
Reference NoCC-120928-55551

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionNAV per unit of AmanahRaya Real Estate Investment Trust as at 30 September 2012 is RM1.0488



ATRIUM - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameATRIUM REAL ESTATE INVESTMENT TRUST  
Stock Name ATRIUM  
Date Announced28 Sept 2012  
CategoryGeneral Announcement
Reference NoCK-120926-31938

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionThe Net Asset Value per unit of the Atrium Real Estate Investment Trust as at 28 September 2012 is RM1.1278.



PENERGY - General Announcement

Announcement Type: General Announcement
Company NamePETRA ENERGY BERHAD  
Stock Name PENERGY  
Date Announced28 Sept 2012  
CategoryGeneral Announcement
Reference NoCS-120928-6BFE0

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDYL-120924-53982
SubjectCOMPOSITE SHAREHOLDERS AND CONTRACTORS OPERATING AGREEMENT, AND SHARE SUBSCRIPTION AGREEMENT IN RELATION TO COASTAL ENERGY KBM SDN. BHD.
DescriptionPETRA ENERGY BERHAD ("PENERGY" or "the Company")

COMPOSITE SHAREHOLDERS AND CONTRACTORS OPERATING AGREEMENT, AND SHARE SUBSCRIPTION AGREEMENT IN RELATION TO COASTAL ENERGY KBM SDN. BHD.
Query Letter Contents We refer to your announcement dated 20 September 2012 in respect of the
abovementioned matter.

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

1. The details of small field risk service contract including expected amount
of profits/remuneration to be received by Coastal Energy KBM Sdn Bhd (“CEKSB”)
or the basis thereof.

2. The manner in which the subscription consideration for the Petra Energy
Development Sdn Bhd Subscription Shares will be satisfied including terms of
any arrangement for payment on a deferred basis, if any, the sources of funds
and its breakdown.

3. The estimated time frame to complete the proposed subscription of shares in
CEKSB (“Proposed Subscription”).

4. The prospects of CEKSB.

5. The estimated additional financial commitment required of the Petra Energy
Berhad (“PEB”) group in putting CEKSB on-stream.

6. The expected benefit to be accrued to PEB group from participating in the
development and production of petroleum from the Kapal, Banang and Meranti
cluster of small fields in offshore Terengganu ("Project”).








7. Whether the Proposed Subscription is subject to the approval of the relevant
government authorities and if so, the estimated time frame for submission of
the application to the relevant authorities.

8. The details as to PEB's capability, experience and resources in undertaking
the Project, or how it proposes to acquire these capability, experience and
resources.


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



Yours faithfully




TAN YEW ENG
Head, Issuers
Listing Division
Regulation

TYE/YLS
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)

Further to the announcement dated 20 September 2012 (“Initial Announcement”), we set out below the additional information requested by Bursa Malaysia Securities Berhad vide its letter dated 25 September 2012.
In this announcement, unless otherwise stated, all capitalised terms used but not specifically defined shall carry the respective meanings assigned to them in the Initial Announcement.

(1) All quarterly payment to CEKSB shall be in United States of America Dollar (“USD”) and consists of reimbursement of operating costs and capital costs incurred as well as payment of remuneration fee in that order of priority commencing from the quarter immediately following the quarter the first oil date from the first field within the KBM Cluster Fields is achieved.
      With regards to the remuneration fee above, it is based on a formula taking into account the quarterly crude oil production, base remuneration fee factor, production performance multiplier and capital cost performance multiplier.

(2) The first subscription shares will be funded from PENERGY internal reserves and shall be satisfied fully in cash.

(3) The estimated time frame to complete the Proposed Subscription will be immediately upon obtaining PENERGY shareholders’ approval in an extraordinary general meeting to be convened.

(4) The prospects of CEKSB in relation to the Project are favourable as the SFRSC will assume the reimbursement of the capital and operating costs incurred subject to the stipulated terms and conditions. There is also expectation of a potential upside should expected oil reserves be sufficient to generate revenue to enable CEKSB to earn the remuneration fees above while taking into consideration the risks associated with the Project.

(5) The estimated additional financial commitment required by PENERGY group in putting CEKSB on stream is dependent upon the financing structure of CEKSB. The initial estimates indicate that the equity financing requirement for Petra Energy Development Sdn. Bhd. (formerly known as Petra AWT Sdn. Bhd.) (“PED”) portion would be around USD26 million.

(6) The expected benefit to be accrued to PENERGY group would be from participating in the support services that PENERGY group can provide amongst others supply chain management, manpower supply, marine spread and fabrication works.

(7) The Proposed Subscription is subject to the written approval by PETRONAS on the novation of the SFRC by CECI to CEKSB. The relevant submission has been made to PETRONAS and the approval is pending.

(8) PENERGY, through its subsidiary; PED, shall play the role in providing the support on local services requirement within the capacity of its core businesses. Coastal Energy Co. International will be the leading operator for this contract. In line with the Transfer Technology objective as spelled out in the SFRSC, PED will accommodate the requirement for local personnel that will gain the opportunity to develop their skill, knowledge and experience on such development throughout the contract period.

This announcement is dated 28 September 2012.


WASEONG - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG  
Date Announced28 Sept 2012  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-120928-DEA31

Date of buy back from14/09/2012
Date of buy back to26/09/2012
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)236,800
Minimum price paid for each share purchased ($$)1.720
Maximum price paid for each share purchased ($$)1.770
Total amount paid for shares purchased ($$)414,025.34
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)236,800
Total number of shares retained in treasury (units)3,076,249
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies28/09/2012
Lodged by Wah Seong Corporation Berhad


WASEONG - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG  
Date Announced28 Sept 2012  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-120928-171C4

Date of buy back28/09/2012
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)33,000
Minimum price paid for each share purchased ($$)1.750
Maximum price paid for each share purchased ($$)1.770
Total consideration paid ($$)58,281.41
Number of shares purchased retained in treasury (units)33,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)3,122,249
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)0.403


CYPARK - Quarterly rpt on consolidated results for the financial period ended 31/7/2012

Announcement Type: Financial Results
Company NameCYPARK RESOURCES BERHAD  
Stock Name CYPARK  
Date Announced28 Sept 2012  
CategoryFinancial Results
Reference NoCS-120928-6659B

Financial Year End31/10/2012
Quarter3
Quarterly report for the financial period ended31/07/2012
The figureshave not been audited

Attachments

3rd Qtr Results 2012.pdf
5370 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/07/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/07/2012
31/07/2011
31/07/2012
31/07/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
53,836
35,220
139,706
118,806
2Profit/(loss) before tax
8,571
7,745
27,519
23,832
3Profit/(loss) for the period
6,438
5,096
20,544
17,869
4Profit/(loss) attributable to ordinary equity holders of the parent
6,438
5,096
20,544
17,869
5Basic earnings/(loss) per share (Subunit)
4.18
3.51
13.34
12.32
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
3.75


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 ($$)
0.9500
0.7300
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


CYPARK - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameCYPARK RESOURCES BERHAD  
Stock Name CYPARK  
Date Announced28 Sept 2012  
CategoryGeneral Announcement
Reference NoCS-120928-6659C

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionCYPARK RESOURCES BERHAD ("CRB" OR "THE COMPANY") - STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN LG ELECTRONICS INC. AND THE COMPANY
Further to the Company's earlier announcement made on 29 June 2012, the Board of Directors of CRB wishes to inform that the status of the MOU remains unchanged.
Unless otherwise stated, defined terms in this announcement shall carry the same meaning as defined in the previous announcements.

This announcement is dated 28 September 2012.


CYPARK - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameCYPARK RESOURCES BERHAD  
Stock Name CYPARK  
Date Announced28 Sept 2012  
CategoryGeneral Announcement
Reference NoCS-120928-6659D

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionCYPARK RESOURCES BERHAD ("CRB" OR "THE COMPANY") - STATUS OF THE MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN THE GOVERNMENT OF MALAYSIA AND THE COMPANY
Further to the Company's earlier announcement made on 29 June 2012, the Board of Directors of CRB wishes to inform that the status of the MOU remains unchanged.
Unless otherwise stated, defined terms in this announcement shall carry the same meaning as defined in the previous announcements.

This announcement is dated 28 September 2012.


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