November 30, 2012

Company announcements: BIOSIS, PICORP, CSCENIC, DESTINI, EMETALL, IRMGRP, WATTA

BIOSIS - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBIOSIS GROUP BERHAD  
Stock Name BIOSIS  
Date Announced30 Nov 2012  
CategoryChange in Boardroom
Reference NoCM-121130-63198

Date of change30/11/2012
NameKHAIRUL AZWAN BIN HARUN
Age36
NationalityMalaysian
Type of changeAppointment
DesignationDirector
DirectorateIndependent & Non Executive
Qualifications1. Bachelor Degree in Accounting from Cardiff University of Wales, United Kingdom
2. Master Degree in Strategic Management from the Open University Malaysia, Kuala Lumpur. 
Working experience and occupation Khairul Azwan Harun started his career in 1999 with Ernst & Young, Chartered Accountants at Kuala Lumpur Office and held senior positions in Business Assurance and Corporate Recovery divisions. He was involved in E&Y corporate advisory assignments at several public listed companies and GLCs.

He joined Perak State Government in 2004 and was appointed as CEO of Yayasan Bina Upaya Darul Ridzuan (YBUDR), a state charity foundation in 2010 until 2011. Presently, he is the Deputy Chairman of the Board of YBUDR. He is also an adjunct Lecturer of Management and Leadership at Universiti Teknologi Petronas. 
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 


BIOSIS - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameBIOSIS GROUP BERHAD  
Stock Name BIOSIS  
Date Announced30 Nov 2012  
CategoryChange in Audit Committee
Reference NoCM-121130-63693

Date of change30/11/2012
NameKHAIRUL AZWAN BIN HARUN
Age36
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
Qualifications1. Bachelor Degree in Accounting from Cardiff University of Wales, United Kingdom.
2. Master Degree in Strategic Management from the Open University Malaysia, Kuala Lumpur. 
Working experience and occupation Khairul Azwan Harun started his career in 1999 with Ernst & Young, Chartered Accountants at Kuala Lumpur Office and held senior positions in Business Assurance and Corporate Recovery divisions. He was involved in E&Y corporate advisory assignments at several public listed companies and GLCs.

He joined Perak State Government in 2004 and was appointed as CEO of Yayasan Bina Upaya Darul Ridzuan (YBUDR), a state charity foundation in 2010 until 2011. Presently, he is the Deputy Chairman of the Board of YBUDR. He is also an adjunct Lecturer of Management and Leadership at Universiti Teknologi Petronas. 
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 
Composition of Audit Committee (Name and Directorate of members after change)1. Soo Yoke Mun (Chairman) - Independent Non-Executive Director
2. Dato' Ir. Hj Wan Ab. Ghaffar Bin Wan Ahmad (Member) - Independent Non-Executive Director
3. Khairul Azwan Bin Harun (Member) - Independent Non-Executive Director


PICORP - Quarterly rpt on consolidated results for the financial period ended 30/9/2012

Announcement Type: Financial Results
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced30 Nov 2012  
CategoryFinancial Results
Reference NoCK-121130-55508

Financial Year End31/12/2012
Quarter3
Quarterly report for the financial period ended30/09/2012
The figureshave not been audited

Attachments

PICB - Q3 2012.pdf- latest.pdf
134 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2012
30/09/2011
30/09/2012
30/09/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
17,243
24,972
64,721
65,924
2Profit/(loss) before tax
-2,006
6,658
12,045
19,273
3Profit/(loss) for the period
-3,275
4,992
6,769
13,713
4Profit/(loss) attributable to ordinary equity holders of the parent
-3,583
3,729
3,613
9,977
5Basic earnings/(loss) per share (Subunit)
-0.54
0.57
0.55
1.52
6Proposed/Declared dividend per share (Subunit)
0.00
0.51
0.00
0.51


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 ($$)
0.1500
0.1500
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


CSCENIC - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameCLASSIC SCENIC BERHAD  
Stock Name CSCENIC  
Date Announced30 Nov 2012  
CategoryChange in Boardroom
Reference NoCS-120720-60709

Date of change01/12/2012
NameLEE KONG WENG
Age40
NationalityMALAYSIAN
Type of changeRedesignation
Previous PositionNon-Executive Director
New PositionNon-Executive Director
DirectorateIndependent & Non Executive
Qualifications- Bachelor in Accounting (Honours Class 1) from University of Malaya
- Member of Malaysian Institute of Accountants and the Malaysian Institute of Certified Public Accountants 
Working experience and occupation 1. Moore Stephens (2008 until now)
admitted as partner in 2011

2. Lee & Associates (2007-2008)

3. Classic Scenic Berhad
a) Group Financial Controller (2003-2006)
b) Finance Manager (2000-2002)

4. Arthur Andersen & Co. (now merged with Ernst & Young)
a) Experience Senior (1999-2000)
b) Senior (1997-1999)
c) Audit Assistant (1996-1997) 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNot Applicable 
Any conflict of interests that he/she has with the listed issuerNot Applicable 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect Interest : 20,800 shares
Indirect Interest : 4,800 shares 

Remarks :
Mr. Lee Kong Weng is re-designated from Non-Independent Non-Executive Director to Independent Non-Executive Director.


DESTINI - Quarterly rpt on consolidated results for the financial period ended 30/9/2012

Announcement Type: Financial Results
Company NameDESTINI BERHAD*****DO NOT RELEASE  
Stock Name DESTINI  
Date Announced30 Nov 2012  
CategoryFinancial Results
Reference NoCC-121129-34969

Financial Year End31/12/2012
Quarter3
Quarterly report for the financial period ended30/09/2012
The figureshave not been audited

Remarks :
The summary of status of steps taken / to be taken by the Board together with the Audit Committee's opinion on the Enterprise Risk Management Report are attached herewith in accordance with the approval letter for the proposed restructuring scheme of the Company issued by Bursa Malaysia Securities Berhad dated 22 September 2011.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2012
30/09/2011
30/09/2012
30/09/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
13,200
10,768
33,871
36,460
2Profit/(loss) before tax
749
1,506
2,535
7,839
3Profit/(loss) for the period
749
1,353
2,535
7,686
4Profit/(loss) attributable to ordinary equity holders of the parent
749
1,353
2,535
7,686
5Basic earnings/(loss) per share (Subunit)
0.52
1.69
3.32
9.61
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 ($$)
0.1285
0.1956
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


DESTINI - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced30 Nov 2012  
CategoryGeneral Announcement
Reference NoOS-121130-9DA02

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionDESTINI BERHAD (“DESTINI” OR “THE COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO 33,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN DESTINI, REPRESENTING TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DESTINI TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED (“PROPOSED PRIVATE PLACEMENT”)

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 27 November 2012.

Further to the announcement dated 27 November 2012 in relation to the Proposed Private Placement, M&A Securities Sdn Bhd on behalf of the Board of�Destini wishes to announce the following additional information in relation to the Proposed Private Placement.

Further details of the additional information in relation to the Proposed Private� Placement is set out in the attachment herein.

This announcement is dated 30 November 2012.



EMETALL - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameEONMETALL GROUP BERHAD  
Stock Name EMETALL  
Date Announced30 Nov 2012  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-121130-61128

Date of buy back30/11/2012
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)1,000
Minimum price paid for each share purchased ($$)0.320
Maximum price paid for each share purchased ($$)0.320
Total consideration paid ($$)320.00
Number of shares purchased retained in treasury (units)1,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)2,512,000
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 (%)1.49


IRMGRP - Quarterly rpt on consolidated results for the financial period ended 30/9/2012

Announcement Type: Financial Results
Company NameIRM GROUP BERHAD  
Stock Name IRMGRP  
Date Announced30 Nov 2012  
CategoryFinancial Results
Reference NoCS-121130-5BAA6

Financial Year End31/12/2012
Quarter3
Quarterly report for the financial period ended30/09/2012
The figureshave not been audited

Attachments

Q3 Results and Notes.pdf
457 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2012
30/09/2011
30/09/2012
30/09/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
25,473
40,651
93,902
127,091
2Profit/(loss) before tax
-2,478
-304
-7,041
-1,004
3Profit/(loss) for the period
-2,478
-304
-6,354
-1,004
4Profit/(loss) attributable to ordinary equity holders of the parent
-2,478
-304
-6,354
-1,004
5Basic earnings/(loss) per share (Subunit)
-1.91
-0.23
-4.89
-0.77
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 ($$)
0.3330
0.3550
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


IRMGRP - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameIRM GROUP BERHAD  
Stock Name IRMGRP  
Date Announced30 Nov 2012  
CategoryGeneral Announcement
Reference NoCS-121130-5BAA7

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionIRM GROUP BERHAD ("IRMGB" OR "THE COMPANY")
- MEMORANDUM OF UNDERSTANDING ("MoU") BETWEEN INDUSTRIAL RESINS (MALAYSIA) SDN BHD ("IRMSB") AND SABAKA GROUP SDN BHD ("SABAKA")
With reference to the Company's announcements on 31 May 2012 and 4 June 2012, the Company wishes to inform that the Memorandum of Understanding has now lapsed and will not proceed further.
This announcement is dated 29 November 2012.


WATTA - OTHERS REVALUATION OF PROPERTIES

Announcement Type: General Announcement
Company NameWATTA HOLDING BERHAD  
Stock Name WATTA  
Date Announced30 Nov 2012  
CategoryGeneral Announcement
Reference NoWH-121130-63285

TypeAnnouncement
SubjectOTHERS
DescriptionREVALUATION OF PROPERTIES

Contents:-

1.�������� INTRODUCTION

The Board of Directors of Watta Holding Berhad (“Watta”), wishes to announce, pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, that the Group has carried out revaluation for its five (5) properties ("Properties") as detailed below.

2.�������� PURPOSE OF REVALUATION

The revaluation was carried out by independent professional valuers, KGV International Property Consultants (M) Sdn Bhd to ascertain the fair value of the Properties for accounting purposes in line with Financial Reporting Standard (“FRS”) 116 on Property, Plant and Equipment and FRS 140 on Investment Properties. The revaluation is not subject to approval of any regulatory authorities.

3.�������� REVALUATION SURPLUS

The details of the revaluation surplus of the Properties are set out below:-

Brief description of Properties

Date of Valuation

Market Value (RM’000)

Revaluation Surplus (RM’000)

Lot No PT 7608

No 7, Jalan 2A, KAW Perusahaan Balakong,

Cheras Jaya, 43200 Selangor DE.

Corner semi-detached factory with double storey office

28th September 2012

2,625

975

Lot No PT 7619

No 16, Lorong 2A, KAW Perusahaan Balakong,

Cheras Jaya, 43200 Selangor DE.

Corner semi-detached factory with double storey office

28th September 2012

3,190

1,140

Lot No PT 7620

No 6, Jalan Satu, KAW Perusahaan Balakong,

Cheras Jaya, 43200 Selangor DE.

Corner detached factory with double storey office

28th September 2012

6,590

2,240

Lot No PT 7626

No 8, Jalan Satu, KAW Perusahaan Balakong,

Cheras Jaya, 43200 Selangor DE.

Corner detached factory with double storey office

28th September 2012

6,900

4,557

Lot No 29750

PT 22538 Mukim Cheras

District of Ulu Langat

Balakong, Selangor DE

Vacant land

28th September 2012

8,285

6,128

Total

15,040

4.�������� EFFECT OF THE REVALUATION SURPLUS ON THE NET ASSETS PER SHARE

The net revaluation surplus will be incorporated into Watta’s unaudited quarterly report for the fourth quarter ended 30 September 2012. As a result of the revaluation, the net assets per share of Watta increased by RM0.13 to RM0.68.

5. ������� DOCUMENTS AVAILABLE FOR INSPECTION

The valuation reports of the Properties are available for inspection at the registered office of Watta at Suite 11.1A, Level 11, Menara Weld, 76 Jalan Raja Chulan, 50200 Kuala Lumpur for a period of three (3) months from the date of this announcement during normal business hours from Mondays to Fridays (except public holidays).

This announcement is dated 30 November 2012.



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