February 24, 2014

Company announcements: FPI, RCECAP, FITTERS, LAYHONG, KKB, PLS, TECNIC

FPI - FPI - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NameFORMOSA PROSONIC INDUSTRIES BERHAD  
Stock Name FPI  
Date Announced24 Feb 2014  
CategoryListing Circular
Reference NoRN-140224-31139

LISTING'S CIRCULAR NO. L/Q : 69888 OF 2014


    First interim single tier tax exempt dividend of 6.0 sen per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2013 (31 December 2012: 6.0 sen).

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 21 March 2014 ]

    2) The last date of lodgement : [ 25 March 2014 ]

    3) Date Payable : [ 8 April 2014 ]


RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced24 Feb 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140224-38F1D

Date of buy back24/02/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)210,000
Minimum price paid for each share purchased ($$)0.285
Maximum price paid for each share purchased ($$)0.285
Total consideration paid ($$)60,287.06
Number of shares purchased retained in treasury (units)210,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)14,092,300
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 (%)1.21


FITTERS - OTHERS FITTERS DIVERSIFIED BERHAD ("FITTERS") - Interim Dividend for the financial year ended 31 December 2013 - Dividend Policy

Announcement Type: General Announcement
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced24 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140224-6AE4F

TypeAnnouncement
SubjectOTHERS
DescriptionFITTERS DIVERSIFIED BERHAD ("FITTERS")
- Interim Dividend for the financial year ended 31 December 2013
- Dividend Policy
The Board of Directors of FITTERS wishes to announce that the Board has approved an interim dividend to shareholders of FITTERS of 4% (2 sen per ordinary share of RM0.50 each) in respect of the financial year ended 31 December 2013.
The entitlement date and payment date of the above-mentioned interim dividend will be announced in due course.

In addition to the above, the Board has also formalised its dividend policy of paying out at least 30% of group net profit to its shareholders, with effect from the financial year ending 31 December 2014.

This announcement is dated 24 February 2014.


FITTERS - OTHERS FITTERS DIVERSIFIED BERHAD ("FITTERS" OR "COMPANY") - PROPOSED LISTING OF FUTURE NRG SDN. BHD. ON CATALIST, THE SPONSOR-SUPERVISED BOARD OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED ("SGX-ST") ("PROPOSED LISITNG")

Announcement Type: General Announcement
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced24 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140224-56860

TypeAnnouncement
SubjectOTHERS
DescriptionFITTERS DIVERSIFIED BERHAD ("FITTERS" OR "COMPANY")
- PROPOSED LISTING OF FUTURE NRG SDN. BHD.
ON CATALIST, THE SPONSOR-SUPERVISED BOARD OF THE SINGAPORE EXCHANGE
SECURITIES TRADING LIMITED ("SGX-ST") ("PROPOSED LISITNG")
We refer to the Company's announcement dated 10 January 2014 in relation to the Proposed Listing.
In relation to the above, the Board of Directors of FITTERS wishes to announce that its wholly owned subsidiary, Future NRG Sdn Bhd has successfully raised SG$6.0 million via a private placement of its Redeemable Convertible Notes.

Further details on the Proposed Listing will be announced in due course.

This announcement is dated 24 February 2014.


FITTERS - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced24 Feb 2014  
CategoryFinancial Results
Reference NoCC-140224-7A890

Financial Year End31/12/2013
Quarter4
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited

Attachments

FITTERS - 4Q2013.pdf
192 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
158,977
114,160
471,875
410,896
2Profit/(loss) before tax
16,523
14,242
57,983
38,109
3Profit/(loss) for the period
11,741
10,294
42,577
28,064
4Profit/(loss) attributable to ordinary equity holders of the parent
11,399
10,344
42,280
27,888
5Basic earnings/(loss) per share (Subunit)
3.91
4.61
14.51
12.42
6Proposed/Declared dividend per share (Subunit)
0.02
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 ($$)
0.9371
0.7752
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


LAYHONG - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameLAY HONG BERHAD  
Stock Name LAYHONG  
Date Announced24 Feb 2014  
CategoryFinancial Results
Reference NoCT-140224-A28AE

Financial Year End31/03/2014
Quarter3
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited

Attachments

LHB Q3 FY2014.pdf
255 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
145,965
133,104
431,155
383,722
2Profit/(loss) before tax
2,153
-5,131
5,788
-15,766
3Profit/(loss) for the period
1,799
-3,902
3,861
-12,010
4Profit/(loss) attributable to ordinary equity holders of the parent
1,050
-4,072
2,115
-12,593
5Basic earnings/(loss) per share (Subunit)
2.11
-8.18
4.25
-25.30
6Proposed/Declared dividend per share (Subunit)
0.00
5.00
0.00
5.00


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 ($$)
2.2995
2.2546
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


KKB - OTHERS (1) RECOMMENDATION OF FINAL DIVIDEND (2) PROPOSED RENEWAL OF SHAREHOLDER MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“RRPT”) (“Proposed Shareholders Mandate”)

Announcement Type: General Announcement
Company NameKKB ENGINEERING BERHAD  
Stock Name KKB  
Date Announced24 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140206-41961

TypeAnnouncement
SubjectOTHERS
Description(1) RECOMMENDATION OF FINAL DIVIDEND
(2) PROPOSED RENEWAL OF SHAREHOLDER MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“RRPT”) (“Proposed Shareholders Mandate”)

The Board of Directors ("Board") of KKB Engineering Berhad (“KKB”) wishes to announce that the Board has on 24 February 2014:

(i) recommended a Final Single Tier Dividend of five (5) sen per ordinary share of RM0.50 each, in respect of the financial year ended 31 December 2013, subject to the approval by the shareholders at the forthcoming Thirty-Eighth Annual General Meeting ("38th AGM"). The date of the 38th AGM and the dates of the Dividend entitlement and payment will be announced at a later date.

(ii) proposed to seek shareholder mandate for the existing RRPT by way of an ordinary resolution at the 38th AGM. A Circular to Shareholders seeking for shareholders' approval on the Proposed Shareholder Mandate is currently being prepared.

The existing shareholder mandate was obtained at the 37th AGM of KKB held on 9 May 2013. In accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the existing shareholder mandate shall lapse at the conclusion of the 38th AGM, unless renewal is obtained.

This announcement is dated 24 February 2014.



KKB - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameKKB ENGINEERING BERHAD  
Stock Name KKB  
Date Announced24 Feb 2014  
CategoryFinancial Results
Reference NoCC-140205-35488

Financial Year End31/12/2013
Quarter4
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
47,617
38,468
228,880
166,709
2Profit/(loss) before tax
4,716
8,157
47,112
26,917
3Profit/(loss) for the period
3,383
7,784
34,957
21,869
4Profit/(loss) attributable to ordinary equity holders of the parent
2,971
7,318
33,458
20,494
5Basic earnings/(loss) per share (Subunit)
1.15
2.84
12.98
7.95
6Proposed/Declared dividend per share (Subunit)
5.00
5.00
7.50
5.00


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 ($$)
1.0800
1.0000
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


PLS - OTHERS PLS Plantations Berhad (“PLS” or the “Company”) Valuation of Non-Current Assets Incorporated into Consolidated Financial Statements

Announcement Type: General Announcement
Company NamePLS PLANTATIONS BERHAD  
Stock Name PLS  
Date Announced24 Feb 2014  
CategoryGeneral Announcement
Reference NoPP-140224-DFFD0

TypeAnnouncement
SubjectOTHERS
DescriptionPLS Plantations Berhad (“PLS” or the “Company”)
Valuation of Non-Current Assets Incorporated into Consolidated Financial Statements

1. INTRODUCTION

Pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of PLS wishes to announce that the Board had on 21 February 2014, approved the incorporation of a revaluation surplus arising from the revaluation of plantation development expenditure of Aramijaya Sdn Bhd ("ASB"), its 70% owned subsidiary, in the third quarter unaudited consolidated financial results of PLS for the financial year ending 31 March 2014.

2. PURPOSE OF VALUATION

The valuation was carried out to ascertain the market value of plantation development expenditure for accounting purposes and the recognition of the net revaluation surplus is in accordance with the change in the Group's measurement principle of plantation development expenditure from Cost model to Revaluation model to reflect the current fair value of the Group's plantation development expenditure.

3. NAME OF VALUER

The Valuation was carried out by an independent valuer, Messrs VPC Alliance (JB) Sdn Bhd ("Valuer"), appointed by ASB.

4. VALUE PLACED ON THE PLANTATION DEVELOPMENT EXPENDITURE

The Valuer had, in their valuation report dated 31 December 2013 ("Valuation Report"), ascribed a total market value of RM1.36 billion for the plantation activities of the Group under ASB which are located within the State of Johor which comprise :-

(i) Forest Plantation, located within District of Mersing and Kota Tinggi,

(ii) Sedili Estate, located within District of Mersing,

(iii) Nitar Estate, located within Mukim of Tenglu, District of Mersing, and

(iv) Rubber Plantation TRS 1, located within Mukim of Mersing, District of Mersing.

5. REVALUATION SURPLUS

In order to comply with the Group's new accounting policy, the Company will incorporate an amount of RM695.8 million for plantation development expenditure based on valuation report. This will result in a net revaluation surplus amounting to RM305.4 million to be recognised and incorporated in the Statement of Affair of the Group arising from the fair value adjustment of the plantation development expenditure.

For accounting standard purposes, the fair value of the land use rights which amounted to RM667.7 million is excluded from the net revaluation surplus calculated above.

The net revaluation surplus is also arrived after taking into consideration of non-controlling interests and net of deferred tax.

6. EFFECTS OF THE NET ASSET VALUE

Based on the audited financial statement of the Group for financial year ended 31 March 2013, the proforma consolidated net asset per share will increase by 93 sen, from RM0.34 to RM1.27.

7. DOCUMENTS AVAILABLE FOR INSPECTION

The Valuation Report is available for inspection at the Registered Office of the Company at No. 17C, Wisma Limbongan Setia, Jalan SG 3/4, Taman Seri Gombak, 68100 Batu Caves, Selangor Darul Ehsan during normal office hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 24 February 2014.



TECNIC - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameTECNIC GROUP BERHAD  
Stock Name TECNIC  
Date Announced24 Feb 2014  
CategoryFinancial Results
Reference NoCV-140224-35646

Financial Year End31/12/2013
Quarter4
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
68,693
57,360
216,974
193,954
2Profit/(loss) before tax
4,528
6,827
18,951
22,576
3Profit/(loss) for the period
3,640
4,446
14,741
17,395
4Profit/(loss) attributable to ordinary equity holders of the parent
3,640
4,446
14,741
17,395
5Basic earnings/(loss) per share (Subunit)
9.01
11.01
36.49
43.06
6Proposed/Declared dividend per share (Subunit)
0.00
5.00
0.00
5.00


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 ($$)
2.7800
2.4700
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


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