December 2, 2013

Company announcements: GPRO, FASTRAK, CIMBA40, CIMBC25, SIME, ARREIT, DAYANG, SBCCORP

GPRO - Quarterly rpt on consolidated results for the financial period ended 30/9/2013 (Amended Announcement)

Announcement Type: Financial Results
Company NameGPRO TECHNOLOGIES BERHAD (ACE Market) 
Stock Name GPRO  
Date Announced2 Dec 2013  
CategoryFinancial Results
Reference NoCS-131202-6F33A

Financial Year End31/12/2013
Quarter3
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited

Remarks :
The correct Q3 Financial Notes for the period ended 30 September 2013 is attached herewith.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
104
805
1,376
3,534
2Profit/(loss) before tax
-1,221
-970
-2,813
-1,893
3Profit/(loss) for the period
-1,221
-971
-2,813
-1,894
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,102
-840
-2,374
-1,729
5Basic earnings/(loss) per share (Subunit)
-0.44
-0.34
-0.95
-0.69
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 ($$)
0.0200
0.0300
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


FASTRAK - OTHERS FAST TRACK SOLUTIONS SDN. BHD, THE WHOLLY-OWNED SUBSIDIARY OF FAST TRACK SOLUTION HOLDINGS BERHAD RECEIVED A LETTER OF AWARD FROM DVM INNOVATE SDN. BHD., THE WHOLLY-OWNED SUBSIDIARY OF DVM TECHNOLOGY BERHAD

Announcement Type: General Announcement
Company NameFAST TRACK SOLUTION HOLDINGS BERHAD (ACE Market) 
Stock Name FASTRAK  
Date Announced2 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131202-44248

TypeAnnouncement
SubjectOTHERS
DescriptionFAST TRACK SOLUTIONS SDN. BHD, THE WHOLLY-OWNED SUBSIDIARY OF FAST TRACK SOLUTION HOLDINGS BERHAD RECEIVED A LETTER OF AWARD FROM DVM INNOVATE SDN. BHD., THE WHOLLY-OWNED SUBSIDIARY OF DVM TECHNOLOGY BERHAD

INTRODUCTION

The Board of Directors of Fast Track Solution Holdings Berhad (“FTSHB” or “the Company”) is pleased to announce that Fast Track Solutions Sdn. Bhd., the wholly-owned subsidiary of the Company (“FTSB”), has received a Letter of Award dated 2 December, 2013 (“LOA”) from DVM Innovate Sdn. Bhd. (421265-H), the wholly-owned subsidiary of DVM Technolgoy Berhad, a company having its business address at Lot 11.3 11th Floor Menara Lien Hoe, No. 8 Persiaran Tropicana, Tropicana Golf & Country Resort, 47410 Petaling Jaya, Selangor for advertising and promotion campaign for 3 years at a contract value approximately Ringgit Malaysia One Million Three Hudred Seventeen Thousand Five Hundred (RM1,317,500) only (hereinafter referred to as “The Contract”).

The tenure of the LOA is expected to commence from 2 December, 2013 to 31 December, 2015.

FINANCIAL EFFECTS

The Contract is expected to contribute positively to the earnings and net assets of the FTSHB Group for the financial year ending 31 December 2013 to 2015.

RISK FACTORS

The Company does not foresee any exceptional risk other than the operational risk associated with the LOA.

INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED TO THEM

None of the Directors or major shareholders of the Company and/or any persons connected to them has any interest, direct or indirect, in the LOA.

STATEMENT BY DIRECTORS

The Board of Directors of the Company is of the opinion that the acceptance of the LOA is in the ordinary course of business of FTSB and is in the best interests of the FTSHB Group.

This announcement is dated 2 December, 2013.



CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced2 Dec 2013  
CategoryGeneral Announcement
Reference NoOB-131202-46808

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 02-Dec-2013
IOPV per unit (RM): 1.6744
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,652.58



CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced2 Dec 2013  
CategoryGeneral Announcement
Reference NoOB-131202-46769

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 02-Dec-2013
IOPV per unit (RM): 1.0435
Units in circulation (units): 18,850,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 17,593.94



SIME - OTHERS Acquisition of 70% Equity Stake in LMM Holdings Pty Ltd, 70% of Units in the Brisbane BMW Unit Trust and 100% Beneficial and Proprietorship Rights/Interest in the Properties owned by the holders of the Brisbane BMW Unit Trust (Announcement pursuant to Chapter 9.19 (23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad)

Announcement Type: General Announcement
Company NameSIME DARBY BERHAD  
Stock Name SIME  
Date Announced2 Dec 2013  
CategoryGeneral Announcement
Reference NoSD-131127-38102

TypeAnnouncement
SubjectOTHERS
DescriptionAcquisition of 70% Equity Stake in LMM Holdings Pty Ltd, 70% of Units in the Brisbane BMW Unit Trust and 100% Beneficial and Proprietorship Rights/Interest in the Properties owned by the holders of the Brisbane BMW Unit Trust
(Announcement pursuant to Chapter 9.19 (23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad)
1. Acquisition
1.1 Sime Darby Berhad (Sime Darby) wishes to announce that Sime Darby Motors Wholesale Australia Pty Ltd (SDMW), an indirect wholly-owned subsidiary of Sime Darby, has on 29 November 2013 entered into a conditional Share and Unit Sale Deed (Deed) with the following parties (collectively, “the Sellers”) to acquire 70% equity stake in LMM Holdings Pty Ltd (LMMH) and 70% of units in the Brisbane BMW Unit Trust (BBUT) for a total cash consideration of A$22,699,549 (equivalent to RM66,480,169) (Share and Unit Acquisition), subject to the terms and conditions of the Deed:

Sellers
LMMH
BBUT
Total No. of Shares
No. of Shares to be Acquired
Total No. of Units
No. of Units to be Acquired
Linfox Group Pty Ltd
90
90
225,000
225,000
Third Pleshette Pty Ltd
20
20
50,000
50,000
Burke Management Pty Ltd
45
15
112,500
37,500
Roller Management Pty Ltd
45
15
112,500
37,500
Total
200
140
500,000
350,000
Percentage (%)
100%
70%
100%
70%
      Upon completion of the Share and Unit Acquisition, Sime Darby will hold an indirect interest of 70% shareholding and units in LMMH and BBUT respectively.

1.2 On the same day, SDMW has also entered into Property Sale and Purchase Agreements (Agreements) with the Sellers to acquire the following properties, which are necessary for the operations of the businesses, for a total cash consideration of A$58,000,000 (equivalent to RM169,864,600) (Property Acquisition), subject to the terms and conditions of the Agreements:
      (i) 800 Ann Street, Fortitude Valley;
      (ii) 275 Monier Road, Darra; and
      (iii) 269 Monier Road, Darra.
      (The “Share and Unit Acquisition” and the “Property Acquisition” shall collectively be referred to as the “Proposed Acquisitions”.)


2. Information on LMMH and BBUT

2.1 LMMH is a private company limited by shares incorporated in Australia on 14 September 1999 with a total issued share capital of 200 ordinary shares. As trustee of BBUT, LMM effectively operates BBUT’s BMW, MINI and Lamborghini motor dealership businesses in Brisbane, Australia. LMMH also has a wholly-owned subsidiary, Brisbane Bodyshop Pty Ltd, which operates the business of BMW parts, panels and accessories.

2.2 BBUT is a Trust with a total issued unit of 500,000 units, which owns the BMW, MINI and Lamborghini motor dealership businesses in Brisbane, Australia.


3. Purchase Price

3.1 The purchase consideration for the Share and Unit Acquisition of A$22,699,549 (equivalent to RM66,480,169) was arrived at on a negotiated basis supported by the Discounted Cash Flow analysis performed by an independent consultant appointed by SDMW. The Property Acquisition of A$58,000,000 (equivalent to RM169,864,600) was arrived at on a negotiated basis supported by the valuation report of an independent property valuer. The Proposed Acquisitions will be funded by SDMW through borrowings from its immediate holding company.


4. Salient Terms of the Agreements

4.1 The Proposed Acquisitions are subject to conditions precedent to be fulfilled, which include among others, the approval by the Foreign Investment Review Board of Australia and consents of BMW Australia Limited and Automobili Lamborghini S.p.A.
    4.2 The Proposed Acquisitions shall be simultaneously completed.

    4.3 Upon execution of the Deed and Agreements, SDMW shall pay 10% of the total purchase consideration into a trust account of SDMW’s solicitor. The remaining balance of 90% of the total purchase consideration and the purchase price adjustment shall be paid upon the completion of the Proposed Acquisitions.


    5. Expected Completion

    5.1 The Proposed Acquisitions are expected to be completed by the end of February 2014 or such other date as agreed by the parties in writing.


    6. Financial Effects

    6.1 The Proposed Acquisitions will not have a material effect on the earnings or net assets of the Sime Darby Group for the financial year ending 30 June 2014.


    7. Interest of Directors and Substantial Shareholders

    7.1 None of the Directors or substantial shareholders of Sime Darby or persons connected to them has any interest, direct or indirect, in the Proposed Acquisitions.


    This announcement is dated 2 December 2013.


    ARREIT - Change in Boardroom

    Announcement Type: Change in Boardroom
    Company NameAMANAHRAYA REAL ESTATE INVESTMENT TRUST  
    Stock Name ARREIT  
    Date Announced2 Dec 2013  
    CategoryChange in Boardroom
    Reference NoCC-131128-37171

    Date of change01/12/2013
    NameDATUK SYED HUSSIAN BIN SYED JUNID
    Age52
    NationalityMALAYSIAN
    DesignationDirector
    DirectorateIndependent & Non Executive
    Type of changeResignation
    ReasonDue to his other commitments and responsibilities
    Details of any disagreement that he/she has with the Board of DirectorsNo
    Whether there are any matters that need to be brought to the attention of the shareholdersNo
    Qualifications1. Diploma in Insurance, The Association for Overseas Scholarship Tokyo, 1988

    2. Certificate in Insurance, MARA Institute of Technology, 1982  
    Working experience and occupation 2000 - present - Senior Director of Business Operations & Sales Support Asia, Western Digital Sdn Bhd 
    Directorship of public companies (if any)1. AWC Berhad

    2. Primeworks Studios Sdn Bhd, subsidiary of Media Prima Berhad

    3. ALT Sdn Bhd, subsidiary of Media Prima Berhad

    4. Ambang Wira Sdn Bhd

    5. RDM Sdn Bhd 
    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 


    DAYANG - Change in Boardroom

    Announcement Type: Change in Boardroom
    Company NameDAYANG ENTERPRISE HOLDINGS BERHAD  
    Stock Name DAYANG  
    Date Announced2 Dec 2013  
    CategoryChange in Boardroom
    Reference NoDE-131129-33804

    Date of change02/12/2013
    NameAzlan Shah Bin Jaffril
    Age42
    NationalityMalaysian
    Type of changeAppointment
    DesignationNon-Executive Director
    DirectorateIndependent & Non Executive
    QualificationsEncik Azlan graduated with an Advanced Diploma in Accounting from University Institute Technology Mara. 
    Working experience and occupation He started his career as an Investment Analyst with Seraya Kinta Sdn Bhd from 1993 to 1995. He then joined Ayer Molek Berhad as the Operations Manager from 1995 to 1997.

    He is currently a director in various private limited companies in Malaysia.

    He was the Chairman of Youth Chamber Malaysia of the Malay Chamber of Commerce Malaysia from 2001 to 2003. He was also the Vice President of the Football Association of Selangor (FAS) from 2003 to 2006. 
    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 


    DAYANG - Change in Boardroom

    Announcement Type: Change in Boardroom
    Company NameDAYANG ENTERPRISE HOLDINGS BERHAD  
    Stock Name DAYANG  
    Date Announced2 Dec 2013  
    CategoryChange in Boardroom
    Reference NoDE-131129-32614

    Date of change02/12/2013
    NameKoh Ek Chong
    Age52
    NationalityMalaysian
    Type of changeAppointment
    DesignationNon-Executive Director
    DirectorateIndependent & Non Executive
    QualificationsMr Koh is a member of the following professional bodies :
    i) Fellow Member of Association of Chartered Certified Accountants, (UK)(FCCA)
    ii) Fellow Member of Malaysian Institute of Accountants (CA)
    iii) Fellow Member of Chartered Tax Institute of Malaysia and
    iv) Fellow Member of Certified Financial Planner Malaysia. 
    Working experience and occupation Mr Koh is the Practicing Partner of Hii King Hiong & Co (Company Auditors) since 1985. He is a Director of Miri Port Authority, Miri, Sarawak since 2009.

    He is also a City Councilor, Miri City Council since 2004 and secretary of SUPP Piasau Branch Miri from year 2009 to 2011. He is th Assistant Secretary of Miri Foochow Association and Assistant Secretary of Miri Koh Clan Association since 2010. He was also a Committee Member of The Federation of Chinese Associations from 2010 to 2011. 
    Directorship of public companies (if any)Shin Yang Shipyard Corporation Bhd 
    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 


    DAYANG - Change in Boardroom

    Announcement Type: Change in Boardroom
    Company NameDAYANG ENTERPRISE HOLDINGS BERHAD  
    Stock Name DAYANG  
    Date Announced2 Dec 2013  
    CategoryChange in Boardroom
    Reference NoDE-131129-31513

    Date of change02/12/2013
    NameGordon Kab@ Gudan Bin Kab
    Age57
    NationalityMalaysian
    Type of changeRedesignation
    Previous PositionExecutive Director
    New PositionNon-Executive Director
    DirectorateNon Independent & Non Executive
    QualificationsMr Gordon Kab graduated from Loughborough University of Technology, England, United Kingdom with a Bachelor of Science (Hon.) in Civil Engineering.  
    Working experience and occupation He has over 30 years of working experience in both Oil and Gas and the construction industries. He gained extensive experience with Sarawak Shell Berhad for fifteen years and Sime Darby Berhad's Oil and Gas Engineering Division, Esteem Century Sdn Bhd.

    In mid-May 2000, he was engaged by Cahya Mata Sarawak Berhad as a Senior Project Manager (Central Procurement Unit) and then as Senior Project Manager for PPES Works (Sarawak) Sdn Bhd (Northern Region Operation). He then moved on to PPES Marine Resources Sdn Bhd as an Operations Manager in the Deep Sea Fishing Division in charge of vessels management and support.

    He was engaged by Naim Group of Companies from 2006 to 2009. He was appointed as Senior Head of Construction, in charge of the operation and execution of major infrastructure, engineering projects and building/institutional complexes. He was later appointed as Vice President for the Oil and Gas Division. 
    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 subsidiariesDirect Interest 3,000 shares 


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

    Announcement Type: General Announcement
    Company NameSBC CORPORATION BERHAD  
    Stock Name SBCCORP  
    Date Announced2 Dec 2013  
    CategoryGeneral Announcement
    Reference NoMI-131128-61374

    TypeAnnouncement
    SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
    FUND RAISING
    DescriptionSBC CORPORATION BERHAD (“SBC”)

    RENOUNCEABLE RIGHTS ISSUE OF 49,425,660 NEW ORDINARY SHARES OF RM1.00 EACH IN SBC (“SBC SHARES”) (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE, TOGETHER WITH AN ATTACHED BONUS ISSUE OF 24,712,830 NEW SBC SHARES (“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP, ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING SBC SHARES HELD AS AT 5.00 P.M. ON 31 OCTOBER 2013 AND ONE (1) BONUS SHARE FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED FOR (“RIGHTS ISSUE”)

    We refer to the announcement dated 2 August 2013 and subsequent announcements made in relation to, inter-alia, the Rights Issue (“Announcements”). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Announcements.

    On behalf of the Board, RHB Investment Bank wishes to announce that the Rights Issue has been completed following the listing of and quotation for 49,425,660 Rights Shares and 24,712,830 Bonus Shares on the Main Market of Bursa Securities today.

    This announcement is dated 2 December 2013.



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