PERISAI - OTHERS PERISAI PETROLEUM TEKNOLOGI BHD (“PERISAI” OR THE “COMPANY”) - CONSTRUCTION OF THIRD UNIT OF PACIFIC CLASS 400 JACK UP DRILLING RIG (“THIRD JACK-UP DRILLING RIG”)
| Company Name | PERISAI PETROLEUM TEKNOLOGI BHD |
| Stock Name | PERISAI |
| Date Announced | 31 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131231-40042 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PERISAI PETROLEUM TEKNOLOGI BHD (“PERISAI” OR THE “COMPANY”) - CONSTRUCTION OF THIRD UNIT OF PACIFIC CLASS 400 JACK UP DRILLING RIG (“THIRD JACK-UP DRILLING RIG”) |
1. INTRODUCTION We refer to the Company’s announcements dated 8 May 2012 and 28 February 2013 in respect of the rig construction contracts between Perisai (L) Inc ("Perisai Labuan") and PPL Shipyard Pte Ltd ("PPL") for the design, construction, equipping, commissioning and delivery of respectively, the Perisai Pacific 101 and the Perisai Pacific 102. 2. CONSTRUCTION OF A THIRD JACKUP DRILLING RIG The Company wishes to inform that Perisai Labuan had today entered into a Rig Construction Contract with PPL (“Third Rig Construction Contract”) for the design, construction, equipping, commissioning and delivery of a third jack-up drilling rig (“Third Jack-Up Drilling Rig”). 3. SALIENT TERMS OF THE THIRD RIG CONSTRUCTION CONTRACT The salient terms of the Third Rig Construction Contract are as follows:-. (a) The price for the turnkey construction of the Third Jack-Up Drilling Rig is a fixed lump sum of US$211.5 million (“Contract Price”). The Contract Price includes certain enhancements that had been undertaken over the Perisai Pacific 101 and Perisai Pacific 102. (b) The Contract Price is payable in two portions, with an initial 20% payable upfront and the balance 80% on delivery of the Third Jack-Up Drilling Rig. (c) The Third Jack-Up Drilling Rig is expected to be delivered by the third quarter of 2016. 4. DETAILS OF PPL PPL Shipyard, a subsidiary of Sembcorp Marine, is an integrated rig design and rig building yard with a proven track record in the building and servicing of jack-up and semi-submersible rigs. To-date, the shipyard has built 52 jack-ups, 6 semi-submersibles and 4 swamp barges. Its flagship Pacific Class 375 jack-up design saw a total of 27 units delivered. In 2010, the shipyard launched the enhanced PPL Pacific Class 400 series which saw a total of 15 rigs ordered and to-date, a total of 7 units have since been delivered and in operation. 5. FUNDING The funding for the construction of the Third Jack-up Drilling Rig is expected to be satisfied by a combination of internally generated funds and external borrowings. 6. RATIONALE FOR THE CONSTRUCTION OF THE THIRD JACK-UP DRILLING RIG The Third Rig Construction Contract is a transaction of a revenue nature in the ordinary course of business of the Company. The Perisai Pacific 101 inaugurated Perisai’s entry into the offshore drilling segment specifically in Malaysia and broadly in the Asia Pacific region. The Perisai Pacific 102 broadened Perisai’s asset offerings to its clients and added economies of scale to its drilling operations. The Third Jack-Up Drilling Rig would enhance such economies of scale and is poised to meet the strengthening global demand for jackup drilling rigs. 7. APPROVALS REQUIRED The Third Rig Construction Contract is not subject to the approval of the shareholders of the Company or any other relevant authority. 8. EFFECTS ON FINANCIAL POSITION, EARNINGS PER SHARE AND NET ASSETS The Third Rig Construction Contract will have no effect on the share capital of the Company and is expected to contribute positively to the Perisai Group’s earnings and net assets upon deployment of the Third Jack-Up Drilling Rig. 9. DIRECTORS’ AND SUBSTANTIAL SHAREHOLDINGS’ INTEREST None of the directors or substantial shareholders of the Company or persons connected to them have any direct or indirect interest in the Third Rig Construction Contract. 10. BEST INTEREST OF THE COMPANY The Board of Directors of the Company is of the opinion that the Third Rig Construction Contract is in the best interest of the Company. This Announcement is dated the 31st of December 2013.
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CONNECT - MEMORANDUM OF UNDERSTANDING
| Company Name | CONNECTCOUNTY HOLDINGS BERHAD (ACE Market) |
| Stock Name | CONNECT |
| Date Announced | 31 Dec 2013 |
| Category | General Announcement |
| Reference No | C&-131230-9F171 |
| Regularisation Sponsor | M&A Securities Sdn Bhd |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | CONNECTCOUNTY HOLDINGS BERHAD (“CCHB”) - ANNOUNCEMENT ON EXTENSION OF TIME OF MEMORANDUM OF UNDERSTANDING (“MOU”) |
We refer to the Company’s announcement dated 29 October 2013 pertaining to the Memorandum of Understanding (“MOU”) entered by CCHB. The Board of Directors wishes to announce on the extension of time granted to the MOU. Kindly refer to the attached announcement dated 31 December 2013 for details of the announcement. This announcement is dated 31 December 2013.
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SRIDGE - Change Of Company Secretary
| Company Name | SILVER RIDGE HOLDINGS BHD (ACE Market) |
| Stock Name | SRIDGE |
| Date Announced | 31 Dec 2013 |
| Category | Change Of Company Secretary |
| Reference No | CC-131231-30779 |
| Date of change | 31/12/2013 |
| Type of change | Resignation |
| Designation | Joint Secretary |
| License no. | MAICSA 7009143 |
| Name | Tai Yit Chan |
| Working experience and occupation during past 5 years |
SRIDGE - Change Of Company Secretary
| Company Name | SILVER RIDGE HOLDINGS BHD (ACE Market) |
| Stock Name | SRIDGE |
| Date Announced | 31 Dec 2013 |
| Category | Change Of Company Secretary |
| Reference No | CC-131231-3722B |
| Date of change | 31/12/2013 |
| Type of change | Appointment |
| Designation | Secretary |
| License no. | MAICSA 7040814 |
| Name | Leong Sue Ching |
| Working experience and occupation during past 5 years |
SRIDGE - Change Of Company Secretary
| Company Name | SILVER RIDGE HOLDINGS BHD (ACE Market) |
| Stock Name | SRIDGE |
| Date Announced | 31 Dec 2013 |
| Category | Change Of Company Secretary |
| Reference No | CC-131231-350D1 |
| Date of change | 31/12/2013 |
| Type of change | Resignation |
| Designation | Joint Secretary |
| License no. | MAICSA 7015852 |
| Name | Tan Ai Ning |
| Working experience and occupation during past 5 years |
SRIDGE - Change of Address
| Company Name | SILVER RIDGE HOLDINGS BHD (ACE Market) |
| Stock Name | SRIDGE |
| Date Announced | 31 Dec 2013 |
| Category | Change of Address |
| Reference No | CC-131231-31186 |
CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | CIMB FTSE ASEAN 40 MALAYSIA |
| Stock Name | CIMBA40 |
| Date Announced | 31 Dec 2013 |
| Category | General Announcement |
| Reference No | OB-131231-46525 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: CIMB FTSE ASEAN 40 Malaysia Date: 31-Dec-2013 IOPV per unit (RM): 1.6673 Units in circulation (units): 1,350,000.00 Management Fee (% p.a.): 0.00 Trustee Fee (% p.a.): 0.08 Index Licence Fee (% p.a.): 0.00 FTSE/ASEAN 40 Index: 10,436.83 |
CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | CIMB FTSE CHINA 25 |
| Stock Name | CIMBC25 |
| Date Announced | 31 Dec 2013 |
| Category | General Announcement |
| Reference No | OB-131231-46480 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: CIMB FTSE China 25 Date: 31-Dec-2013 IOPV per unit (RM): 1.0133 Units in circulation (units): 9,750,000.00 Management Fee (% p.a.): 0.60 Trustee Fee (% p.a.): 0.08 Index Licence Fee (% p.a.): 0.04 FTSE/Xinhua China 25 Index: 16,794.16 |
UNICO - UNICO-DELISTING OF UNICO-DESA PLANTATIONS BERHAD ("UNICO") FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”)
| Company Name | UNICO-DESA PLANTATIONS BERHAD |
| Stock Name | UNICO |
| Date Announced | 31 Dec 2013 |
| Category | Listing Circular |
| Reference No | BL-131224-44321 |
LISTING'S CIRCULAR NO. L/Q : 69589 OF 2013
- Further to Listing Circular No. L/Q 69304 of 2013 , kindly be advised that the shares of UNICO will be removed from the Official List of Bursa Securities with effect from 9.00 a.m., Monday, 6 January 2014, pursuant to Paragraph 16.07(a) of the Listing Requirements.
AXREIT - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 31 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131231-93D08 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | NET ASSET VALUE ("NAV") |
The NAV per unit of Axis Real Estate Investment Trust for the quarter ended 31 December 2013 is RM2.2125. This announcement is dated 31 December 2013. | |
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