May 30, 2013

Company announcements: GENTING, GENM, OSK, LUSTER, MEGB, IRETEX, SIGN, YINSON

GENTING - Quarterly rpt on consolidated results for the financial period ended 31/3/2013

Announcement Type: Financial Results
Company NameGENTING BERHAD  
Stock Name GENTING  
Date Announced30 May 2013  
CategoryFinancial Results
Reference NoGG-130530-D28B3

Financial Year End31/12/2013
Quarter1
Quarterly report for the financial period ended31/03/2013
The figureshave not been audited

Remarks :
A Press Release by the Company in connection with the 2013 First Quarterly Report is attached above.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2013
31/03/2012
31/03/2013
31/03/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
4,129,197
4,246,700
4,129,197
4,246,700
2Profit/(loss) before tax
967,568
1,391,716
967,568
1,391,716
3Profit/(loss) for the period
839,440
1,143,503
839,440
1,143,503
4Profit/(loss) attributable to ordinary equity holders of the parent
397,838
693,633
397,838
693,633
5Basic earnings/(loss) per share (Subunit)
10.77
18.79
10.77
18.79
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 ($$)
6.0800
5.8700
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


GENTING - OTHERS GENTING BERHAD (the “Company” or “GENT”) - DISCLOSURE PURSUANT TO ITEM 7.3 PART B OF THE LETTER DATED 25 MARCH 2010 ISSUED BY BURSA MALAYSIA SECURITIES BERHAD

Announcement Type: General Announcement
Company NameGENTING BERHAD  
Stock Name GENTING  
Date Announced30 May 2013  
CategoryGeneral Announcement
Reference NoGG-130529-24E23

TypeAnnouncement
SubjectOTHERS
DescriptionGENTING BERHAD (the “Company” or “GENT”)
- DISCLOSURE PURSUANT TO ITEM 7.3 PART B OF THE LETTER DATED 25 MARCH 2010 ISSUED BY BURSA MALAYSIA SECURITIES BERHAD

The Board of Directors of the Company wishes to announce the following pursuant to the directive issued by Bursa Malaysia Securities Berhad ("Bursa Securities") under item 7.3, Part B of Bursa Securities’ letter dated 25 March 2010 arising from the implementation of FRS 139, Financial Instruments: Recognition and Measurement.

During the first quarter ended 31 March 2013, the GENT Group recognised total fair value gain on derivative financial instruments of RM52.0 million, of which RM48.6 million arose from financial liabilities. The details are as follows :

Type of financial liabilities

First quarter ended 31 March 2013 fair value gain

RM’million

Basis of fair value measurement

Reasons for the gains

Interest Rate Swaps

1.0

Interest rate differential between the fixed contracted rate and the current market fixing rate

The interest rates differential between the contracted rate and the market rate up to the respective maturity dates of the contracts have moved favourably for the GENT Group.

Compound Financial Instruments

47.6

The fair value of the derivatives is determined by using valuation techniques and the assumptions are based on the market rates at the date of purchase for initial recognition, and at each reporting date for subsequent measurement

The market rates at the reporting date have moved favourably for the GENT Group.

This announcement is dated 30 May 2013.



GENM - Quarterly rpt on consolidated results for the financial period ended 31/3/2013

Announcement Type: Financial Results
Company NameGENTING MALAYSIA BERHAD  
Stock Name GENM  
Date Announced30 May 2013  
CategoryFinancial Results
Reference NoGM-130530-B5D5D

Financial Year End31/12/2013
Quarter1
Quarterly report for the financial period ended31/03/2013
The figureshave not been audited

Remarks :
A Press Release by the Company in connection with the 2013 First Quarterly Report is attached above.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2013
31/03/2012
31/03/2013
31/03/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
1,861,994
1,903,801
1,861,994
1,903,801
2Profit/(loss) before tax
392,828
378,541
392,828
378,541
3Profit/(loss) for the period
417,717
270,664
417,717
270,664
4Profit/(loss) attributable to ordinary equity holders of the parent
419,457
270,664
419,457
270,664
5Basic earnings/(loss) per share (Subunit)
7.39
4.78
7.39
4.78
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 ($$)
2.4700
2.3200

Remarks :
The computation of basic earnings per share is based on the weighted average number of ordinary shares of RM0.10 each in issue during the three months ended 31 March 2013 excluding the weighted average treasury shares held by the Company.
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


OSK - Quarterly rpt on consolidated results for the financial period ended 31/3/2013

Announcement Type: Financial Results
Company NameOSK HOLDINGS BERHAD  
Stock Name OSK  
Date Announced30 May 2013  
CategoryFinancial Results
Reference NoOH-130530-58353

Financial Year End31/12/2013
Quarter1
Quarterly report for the financial period ended31/03/2013
The figureshave not been audited

Attachments

1st Qtr_31 03 2013.pdf
499 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2013
31/03/2012
31/03/2013
31/03/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
13,438
286,686
13,438
286,686
2Profit/(loss) before tax
44,168
57,322
44,168
57,322
3Profit/(loss) for the period
40,487
38,653
40,487
38,653
4Profit/(loss) attributable to ordinary equity holders of the parent
40,487
33,728
40,487
33,728
5Basic earnings/(loss) per share (Subunit)
4.18
3.59
4.18
3.59
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 ($$)
2.5700
2.5200

Remarks :
The comparative figures for 31 March 2012 consist of continuing and discontinued operations.
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


LUSTER - Changes in Director's Interest (S135) - Lim See Hua

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameLUSTER INDUSTRIES BHD.  
Stock Name LUSTER  
Date Announced30 May 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130530-66534

Information Compiled By KLSE

Particulars of Director

NameLim See Hua
Address13 Lorong 15, Taman Mewah, 08000 Sungai Petani, Kedah
Descriptions(Class & nominal value)ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
30/05/2013
2,000,000
0.200 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)2,330,450 
Direct (%)0.17 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice30/05/2013

Remarks :
1.This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing inside closed period.

2.The above disposal represent 0.147% of the shares of the Company.

3.This notice was received on 30 May 2013


MEGB - OTHERS MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”) Proposed disposal of ten (10) contiguous pieces of freehold vacant lands by Masterskill (M) Sdn Bhd, a wholly-owned subsidiary of MEGB

Announcement Type: General Announcement
Company NameMASTERSKILL EDUCATION GROUP BERHAD  
Stock Name MEGB  
Date Announced30 May 2013  
CategoryGeneral Announcement
Reference NoCM-130530-67683

TypeAnnouncement
SubjectOTHERS
DescriptionMASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”)
Proposed disposal of ten (10) contiguous pieces of freehold vacant lands by Masterskill (M) Sdn Bhd, a wholly-owned subsidiary of MEGB

The Company wishes to announce that its wholly-owned subsidiary Masterskill (M) Sdn Bhd (“Masterskill”) had accepted a conditional offer to dispose the following ten (10) contiguous pieces of vacant freehold lands for a total consideration of approximately RM58.9 million (“Proposed Disposal”):-

(1) a piece of freehold vacant land held under Geran 51401, Lot 7622, Mukim of Kajang, Daerah of Ulu Langat, Negeri Selangor;

(2) a piece of freehold vacant land held under Geran 51402, Lot 7623, Mukim of Kajang, Daerah of Ulu Langat, Negeri Selangor.

(3) a piece of freehold vacant land held under Geran 51407, Lot 7628, Mukim of Kajang, Daerah of Ulu Langat, Negeri Selangor;

(4) a piece of freehold vacant land held under Geran 51408, Lot 7629, Mukim of Kajang, Daerah of Ulu Langat, Negeri Selangor;

(5) a piece of freehold vacant land held under Geran 51409, Lot 7630, Mukim of Kajang, Daerah of Ulu Langat, Negeri Selangor;

(6) a piece of freehold vacant land held under Geran 51385, Lot 7606 Mukim of Kajang, Daerah of Ulu Langat, Negeri Selangor;

(7) a piece of freehold vacant land held under Geran 51398, Lot 7620, Mukim of Kajang, Daerah of Ulu Langat, Negeri Selangor;

(8) a piece of freehold vacant land held under Geran 51406, Lot 7627, Mukim of Kajang, Daerah of Ulu Langat, Negeri Selangor;

(9) a piece of freehold vacant land held under Geran 51397, Lot 7619, Mukim of Kajang, Daerah of Ulu Langat, Negeri Selangor; and

(10) a piece of freehold vacant land held under Geran 51413, Lot 7635, Mukim of Kajang, Daerah of Ulu Langat, Negeri Selangor.

Masterskill is now in the process of finalising the terms and conditions of a Sale and Purchase Agreement to be entered into with the Purchaser.

The Company would make the appropriate announcement to Bursa Malaysia Securities Berhad (“Bursa Malaysia”) in a timely manner in accordance with the Main Market Listing Requirements of Bursa Malaysia when there is further development on the Proposed Disposal.


This announcement is dated 30th day of May, 2013



MEGB - Quarterly rpt on consolidated results for the financial period ended 31/3/2013

Announcement Type: Financial Results
Company NameMASTERSKILL EDUCATION GROUP BERHAD  
Stock Name MEGB  
Date Announced30 May 2013  
CategoryFinancial Results
Reference NoCM-130527-64939

Financial Year End31/12/2013
Quarter1
Quarterly report for the financial period ended31/03/2013
The figureshave not been audited

Attachments

MEGB 1Q13bursa3.pdf
279 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2013
31/03/2012
31/03/2013
31/03/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
21,520
44,109
21,520
44,109
2Profit/(loss) before tax
-12,597
-4,372
-12,597
-4,372
3Profit/(loss) for the period
-12,599
-2,921
-12,599
-2,921
4Profit/(loss) attributable to ordinary equity holders of the parent
-12,599
-2,921
-12,599
-2,921
5Basic earnings/(loss) per share (Subunit)
-3.07
-0.71
-3.07
-0.71
6Proposed/Declared dividend per share (Subunit)
0.00
14.64
0.00
14.64


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 ($$)
0.9900
1.0300
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


IRETEX - Quarterly rpt on consolidated results for the financial period ended 31/3/2013

Announcement Type: Financial Results
Company NameIRE-TEX CORPORATION BERHAD  
Stock Name IRETEX  
Date Announced30 May 2013  
CategoryFinancial Results
Reference NoCC-130529-61965

Financial Year End31/12/2013
Quarter1
Quarterly report for the financial period ended31/03/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2013
31/03/2012
31/03/2013
31/03/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
27,423
31,956
27,423
31,956
2Profit/(loss) before tax
627
879
627
879
3Profit/(loss) for the period
497
690
497
690
4Profit/(loss) attributable to ordinary equity holders of the parent
317
608
317
608
5Basic earnings/(loss) per share (Subunit)
0.70
1.36
0.70
1.36
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 ($$)
1.1060
1.0990
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


SIGN - OTHERS SIGNATURE INTERNATIONAL BERHAD ("SIGN" OR "THE COMPANY") I. LETTER OF AWARD; AND II. PROPOSED SHAREHOLDERS' MANDATE FOR NEW RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

Announcement Type: General Announcement
Company NameSIGNATURE INTERNATIONAL BERHAD  
Stock Name SIGN  
Date Announced30 May 2013  
CategoryGeneral Announcement
Reference NoCC-130530-66164

TypeAnnouncement
SubjectOTHERS
DescriptionSIGNATURE INTERNATIONAL BERHAD ("SIGN" OR "THE COMPANY")
I. LETTER OF AWARD; AND
II. PROPOSED SHAREHOLDERS' MANDATE FOR NEW RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
The Board of Directors of SIGN ("Board") wishes to announce that its wholly-owned subsidiary, Signature Cabinet Sdn Bhd ("SCSB") has through an open tender been awarded with a contract from Putra Perdana Construction Sdn Bhd ("PPCSB") for the sub-contract works of the proposed development "Ara Greens Wellness and Healthcare City" on Lot P.T.1427, Jalan PJU 1A/20, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan ("Ara Green Residences"). The sub-contract value is RM34.4 million which comprises the supply, delivery to site and installation of built-in kitchen cabinets & appliances, wardrobe, toilet cabinetry and vanity top (the "Sub-Contract").
The Sub-Contract period shall be approximately eighteen (18) months, commencing from 15 May 2013 with completion date on 30 November 2014.

The Sub-Contract is expected to contribute positively to the earnings of SIGN for the financial year ending 30 June 2013 onwards.

The Company does not foresee any exceptional risk other than normal operational risk associated with the Sub-Contract.

The Sub-Contract is in relation to the development of Ara Green Residences, where the developer, namely, HSB Development Sdn Bhd is the wholly-owned subsidiary of HSC Healthcare Sdn Bhd. HSC Healthcare Sdn Bhd is the substantial shareholder of SIGN. In addition, Dr Lim Yin Chow is deemed a substantial shareholder in SIGN by virtue of his interest in HSC Healthcare Sdn Bhd. Save for the above, none of the Directors and Substantial Shareholders of SIGN and/or persons connected with the Directors and/or substantial shareholders, has any interest, direct or indirect, in the Sub-Contract.

The Board is of the opinion that the acceptance of the Sub-Contract is in the best interest of Sign Group.

Pursuant thereto, the Board intends to seek the approval from its shareholders for the Proposed Shareholders' Mandate for New Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Mandate") at the forthcoming Sixth (6th) Annual General Meeting of the Company, as the Sub-Contract is deemed to be in the ordinary course of business.

The Circular to Shareholders setting out the details of the Proposed Mandate will be despatched to the shareholders of SIGN in due course.

This announcement is dated 30 May 2013.


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

Announcement Type: General Announcement
Company NameYINSON HOLDINGS BERHAD  
Stock Name YINSON  
Date Announced30 May 2013  
CategoryGeneral Announcement
Reference NoMB-130530-60781

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
YINSON HOLDINGS BERHAD (“YHB” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF YHB (“PROPOSED PRIVATE PLACEMENT”)

Reference is made to the Company’s announcements dated 22 May 2013, 23 May 2013 and 30 May 2013 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, all abbreviations used are the same as those previously defined in the Announcements.

On behalf of the Board of Directors of YHB, AmInvestment Bank Berhad wishes to announce that the Company has fixed the issue price at RM2.82, for the issuance of the new ordinary shares of RM1.00 each in YHB (“Shares”) to a third party investor pursuant to the Proposed Private Placement.

For information purposes, the said issue price represents a discount of approximately 9.03% over the five (5)-day volume weighted average market price of the Shares up to 29 May 2013 of RM3.10.

This announcement is dated 30 May 2013.


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