July 31, 2013

Company announcements: PMIND, AMFIRST, ASTRO, PATIMAS, SCOMIES, MINETEC, SCOMIEN, SUPER

PMIND - OTHERS DELAY IN SUBMISSION OF AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2013

Announcement Type: General Announcement
Company NamePAN MALAYSIAN INDUSTRIES BERHAD  
Stock Name PMIND  
Date Announced31 Jul 2013  
CategoryGeneral Announcement
Reference NoPM-130731-68961

TypeAnnouncement
SubjectOTHERS
DescriptionDELAY IN SUBMISSION OF AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2013
Pursuant to Paragraph 9.23(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Company must announce to Bursa Securities its Audited Financial Statements for the financial year ended 31 March 2013 (“AFS 31 March 2013”), within a period not more than 4 months from the close of the financial year of the Company, i.e. on or before 31 July 2013 (“the Relevant Timeframe”).
Pursuant to Paragraph 9.28 of the Main Market Listing Requirements of Bursa Securities, the Board of Directors wishes to announce the following:
  1. PMI is unable to issue its AFS 31 March 2013 within the Relevant Timeframe due to differing views with the external auditors with respect to the accounting treatment on dilution in interest of an associate.
  2. The Company is in the midst of resolving the differing views on the accounting treatment with the external auditors and the Company expects to be able to issue the AFS 31 March 2013 by 6 August 2013.
  3. In the event the Company fails to submit the AFS 31 March 2013 by 6 August 2013, the suspension of trading will be effected on the next market day after the expiry of 5 market days from the Relevant Timeframe. Under such circumstances, the suspension of trading will be effected on 12 August 2013.

The Company will apply to Bursa Securities for an extension of time until 6 August 2013 to submit the AFS 31 March 2013.

This announcement is dated 31 July 2013.


AMFIRST - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameAMFIRST REAL ESTATE INVESTMENT TRUST  
Stock Name AMFIRST  
Date Announced31 Jul 2013  
CategoryChange in Principal Officer
Reference NoAR-130731-F3E24

Date of change01/08/2013
NameLim Yoon Peng
Age57
NationalityMalaysian
Type of changeRetirement
DesignationChief Executive Officer
QualificationsN/A
Working experience and occupation N/A
Directorship of public companies (if any)
Family relationship with any director and/or major shareholder of the listed issuerNil
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNil
Details of any interest in the securities of the listed issuer or its subsidiariesDeemed interested in 92,000 units by virtue of his spouse's unitholding in AmFIRST REIT.


AMFIRST - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameAMFIRST REAL ESTATE INVESTMENT TRUST  
Stock Name AMFIRST  
Date Announced31 Jul 2013  
CategoryChange in Principal Officer
Reference NoAR-130731-F5196

Date of change01/08/2013
NameZuhairy bin Md. Isa
Age44
NationalityMalaysian
Type of changeAppointment
DesignationChief Executive Officer
QualificationsProfessional Diploma in Town Planning
Bachelor of Arts (Hons.) in Town Planning
Working experience and occupation Head, Asset Management of Am ARA REIT Managers Sdn Bhd ("Am ARA") since 15 April 2008 overseeing property management, marketing and leasing, and implementation of organic growth strategies, planning and implementing asset enhancement initiatives.

Encik Zuhairy has more than 15 years of related working experience prior to joining Am ARA with last position as Assistant Vice-President II of MIDF Property Berhad, heading the Leasing and Marketing Department for Klang Valley region.
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 issuer or its subsidiariesNil
Details of any interest in the securities of the listed issuer or its subsidiaries7,400 units [held under Malacca Equity Nominees (Tempatan) Sdn Bhd]

Remarks :
Appointment is as Acting Chief Executive Officer.


AMFIRST - OTHERS Am ARA REIT Managers Sdn Bhd, the Manager of AmFIRST Real Estate Investment Trust - Appointment of Acting Chief Executive Officer

Announcement Type: General Announcement
Company NameAMFIRST REAL ESTATE INVESTMENT TRUST  
Stock Name AMFIRST  
Date Announced31 Jul 2013  
CategoryGeneral Announcement
Reference NoAR-130731-68712

TypeAnnouncement
SubjectOTHERS
DescriptionAm ARA REIT Managers Sdn Bhd, the Manager of AmFIRST Real Estate Investment Trust
- Appointment of Acting Chief Executive Officer

Am ARA REIT Managers Sdn Bhd (“Am ARA”), the Manager of AmFIRST Real Estate Investment Trust (“AmFIRST”) is pleased to announce the appointment of Encik Zuhairy bin Md Isa ("Encik Zuhairy") as its Acting Chief Executive Officer (“CEO”) with effect from 1 August 2013.

Encik Zuhairy will replace the out-going CEO, Mr. Lim Yoon Peng who would be retiring due to personal reasons. Mr. Lim has been the CEO of Am ARA since 15 August 2008 and was instrumental in growing the asset base of AmFIRST to RM1.28 billion as at 31 March 2013, a significant increase of 53%. During his tenure, AmFIRST undertook a rights issue exercise to strengthen the balance sheet via reduction in gearing to a manageable level to enable AmFIRST to grow its assets under management.

Am ARA welcomes Encik Zuhairy as its Acting CEO taking on from his present position as the Head of Asset Management of Am ARA since 15 April 2008 having been responsible for overseeing property management, marketing and leasing, and the implementation of organic growth strategies to enhance the performance of AmFIRST’s portfolio via asset enhancement initiatives. Over the years, he has acquired in-depth experience and expertise in the areas of asset management, acquisition, risk and compliance as well as participated in investor relations and strategic corporate exercises. He will continue to drive the growth strategies of AmFIRST.

This announcement is dated 31 July 2013.



ASTRO - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameASTRO MALAYSIA HOLDINGS BERHAD  
Stock Name ASTRO  
Date Announced31 Jul 2013  
CategoryGeneral Announcement
Reference NoAM-130731-66415

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionCHANNEL SUPPLY AGREEMENT BETWEEN MEASAT BROADCAST NETWORK SYSTEMS SDN BHD AND TM NET SDN BHD FOR THE CARRIAGE OF ASTRO SUPERSPORT CHANNELS ON HYPPTV

Measat Broadcast Network Systems Berhad (“MBNS”), a wholly-owned subsidiary of Astro Malaysia Holdings Berhad has on 31 July 2013 entered into an agreement with TM Net Sdn Bhd (“TMNET”), for the carriage of two Astro SuperSport channels on HyppTV. In addition, the parties have agreed to enter into a further agreement for the carriage of selected NJOI channels subject to certain conditions.

Astro SuperSport HD and Astro SuperSport 2 HD Channels will be made available from 1 August 2013 until 31 July 2016, and will contain selected live matches from the Barclays Premier League’s Seasons 2013/14, 2014/15 and 2015/16 and other sports content.

Prior to this, MBNS has also shared sports content with RTM, Media Prima Bhd and TMNET such as the M-League, Thomas UBER Cup, Super Series Badminton, UEFA European Championship, UEFA Champions League and UEFA Europa League.

Astro's sports bouquet consists of 14 channels todate, offering the widest and most comprehensive coverage of both local and international live sporting events.

Today’s landmark collaboration with TM is a win-win partnership, as it will make available Astro channels and content to more Malaysians.

This announcement is dated 31 July 2013.



PATIMAS - OTHERS PATIMAS COMPUTERS BERHAD (“PATIMAS” OR “THE COMPANY”) - Audit Disclaimer Opinion

Announcement Type: General Announcement
Company NamePATIMAS COMPUTERS BERHAD  
Stock Name PATIMAS  
Date Announced31 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130731-61977

TypeAnnouncement
SubjectOTHERS
DescriptionPATIMAS COMPUTERS BERHAD (“PATIMAS” OR “THE COMPANY”)
- Audit Disclaimer Opinion

The Board of Directors of Patimas wishes to announce that the Company’s External Auditors, Messrs. HASNAN THL WONG & PARTNERS had expressed an audit disclaimer opinion in the Company's latest audited financial statements for the financial year ended 31 March 2013, as follows:-

This announcement is dated 31 July 2013.

“Basis for Disclaimer of Opinion

i) We were unable to confirm or verify by alternative means the opening balances making up the statements of financial position as the previous auditors have expressed a disclaimer opinion in audited financial statements for the financial period ended 31 March 2012. Since the opening balances enter into the determination of the financial performance and cash flows, we were unable to determine whether any adjustments might have been found to be necessary in respect of the loss for the year reported in the statements of comprehensive income, statement of changes in equity and statement of cash flows. As disclosed in Note 38(b), an investigative audit was carried out on the financial affairs of the Group and the Company. On 30 May 2013, the Chairman of the Audit Committee made a police report based on the findings from the Investigative report.

ii) As disclosed in Note 2 of the Notes to the Financial Statements, the Group and the Company incurred a net loss of RM 34,267,000 and RM 29,232,000 respectively for the financial year ended 31 March 2013, and as of 31 March 2013, the Group and the Company had capital deficiencies of RM 45,335,000 and RM 10,941,000 respectively whilst the current liabilities exceeded the current assets by RM 51,996,000 and RM 13,306,000 respectively. On 1 November 2012, the Company announced that it had triggered the prescribed criteria pursuant to Practice Note 17 ("PN 17") of the Listing Requirements of Bursa Malaysia Securities Berhad ("BURSA") for the Main Market. On 28 November 2012, the Company made an announcement pursuant to Practice Note 1 of the Listing Requirements of BURSA that Patimas-HPD Systems Sdn. Bhd. ("PHPD"), its wholly owned subsidiary had received a legal letter of demand from Malaysia Debt Venture Berhad ("MDV") for the outstanding balance of RM 4,340,988 in connection with the credit facilities granted for a project financing facility totalling RM 14 million. The Company also received a similar legal letter of demand as a guarantor in respect of the said facility. Both the Company and PHPD are currently in communication with MDV and exploring various options to regularise the default. No Solvency Declaration by the Board of Directors is being submitted to BURSA within 3 market days from the date of announcement.

These conditions indicate the existence of material uncertainties, which may cast significant doubt on the ability of the Group and of the Company to continue as going concerns and therefore, the Group and the Company may be unable to realise their assets and discharge their liabilities in the normal course of business.

The Company is in the process of formulating a comprehensive plan to regularise their financial condition ("Regularisation Plan"). The Company is required to submit a Regularisation Plan to the relevant authorities by 31 October 2013 or the Company may face de-listing. As of the date of this report, the Company has not submitted any Regularisation Plan to address its PN 17 status.

In view of the matters set out above there are material uncertainties that may cast significant doubt on the ability of the Group and the Company to continue as going concerns.

The financial statements have been prepared on the historical cost basis and on the assumption that the Group and the Company are going concerns. The going concern assumption is highly dependent upon the successful restructuring of the defaulted debts, the successful approval and implementation of the Regularisation Plan, and the ability of the Group and the Company to attain profitable operations to generate sufficient cash flows to fulfil their obligations as and when they fall due. In the event that these are not forthcoming, the Group and the Company may be unable to realise their assets and discharge their liabilities in the normal course of business. Accordingly, the financial statements may require adjustments relating to the recoverability and classification of recorded assets and liabilities that may be necessary should the Group and the Company be unable to continue as going concerns.

Disclaimer of Opinion

Because of the significance of the matters described in the Basis for Disclaimer of Opinion paragraph, we do not express an opinion on the financial statements.”

This announcement is made on 31 July 2013.



SCOMIES - Annual Audited Accounts - 31 March 2013

Announcement Type: PDF Submission
Company NameSCOMI ENERGY SERVICES BHD  
Stock Name SCOMIES  
Date Announced31 Jul 2013  
CategoryPDF Submission
Reference NoSE-130731-56870

SubjectAnnual Audited Accounts - 31 March 2013

Attachments

SCOMIES FS 2013.pdf
777 KB






MINETEC - OTHERS MINETECH RESOURCES BERHAD (“MRB” or “the Company”) - Agency Agreement

Announcement Type: General Announcement
Company NameMINETECH RESOURCES BERHAD  
Stock Name MINETEC  
Date Announced31 Jul 2013  
CategoryGeneral Announcement
Reference NoCA-130731-65019

TypeAnnouncement
SubjectOTHERS
DescriptionMINETECH RESOURCES BERHAD (“MRB” or “the Company”)
- Agency Agreement

The Board of Directors of MRB is pleased to announce that its subsidiary, Minetech Korea Petroleum Industrial Sdn. Bhd. (“MKPI”) has on 31 July 2013 entered into an Agency Agreement with Speco Ltd. (“Speco”) located at No. 1-6, Daejang-Ri, Soi-Myun, Eumseong-Kun, Chungcheongbuk-Do, Republic of Korea for the appointment of MKPI as the exclusive agent of Speco for the introduction, presenting, marketing and the procurement of sales orders of Speco’s manufactured hot mix asphalt mixing plant, and its optional attachment for the whole area of East and West Malaysia (“Contract”).

The duration of the Contract is for a period of two (2) years.

Even though it is too preliminary to estimate the value and earnings arising from the Contract, the Contract is expected to contribute positively to the future earnings of the MRB Group.

None of the Directors, substantial shareholders and/or persons connected with the Directors and/or substantial shareholders of the Company, have any interest, direct or indirect, in the Contracts.

This announcement is dated 31 July 2013.



SCOMIEN - Annual Audited Accounts - 31 March 2013

Announcement Type: PDF Submission
Company NameSCOMI ENGINEERING BHD  
Stock Name SCOMIEN  
Date Announced31 Jul 2013  
CategoryPDF Submission
Reference NoSE-130731-67197

SubjectAnnual Audited Accounts - 31 March 2013


SUPER - Annual Audited Accounts - 31 March 2013

Announcement Type: PDF Submission
Company NameSUPER ENTERPRISE HOLDINGS BERHAD  
Stock Name SUPER  
Date Announced31 Jul 2013  
CategoryPDF Submission
Reference NoCC-130724-61058

SubjectAnnual Audited Accounts - 31 March 2013

Attachments

SEHB Pg 59 - 120.pdf
617 KB




SEHB Pg 1 - 58.pdf
568 KB






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