ZELAN - OTHERS DISPOSAL OF 1,421,400 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD
| Company Name | ZELAN BERHAD |
| Stock Name | ZELAN |
| Date Announced | 17 Feb 2014 |
| Category | General Announcement |
| Reference No | ZZ-140217-67290 |
| Type | Announcement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subject | OTHERS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Description | DISPOSAL OF 1,421,400 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.0 INTRODUCTION 2.0 DETAILS OF THE DISPOSAL
IJM, a public listed company listed on the Main Board of Bursa Malaysia is principally involved in the construction, property development, manufacturing and quarrying, infrastructure concessions and plantations. IJM has an authorised capital of RM3,000,000,000.00 and a paid-up capital of RM1,417,808,146.00.
2.2 Information on the Sale Shares
The Sale Shares comprise 1,421,400 ordinary shares of RM1.00 each representing approximately 0.1002% of the total issued and paid-up capital of IJM.
2.3 The net cash consideration of RM8,146,256.85 for the Sale Shares was derived on “willing buyer-willing seller” basis.
2.4 There are no liabilities to be assumed by the purchaser arising from the Disposal.
3.0 RATIONALE OF THE DISPOSAL
The rationale of the disposal is to realise funds from the sales proceeds to pay bank borrowings.
4.0 ORIGINAL COST OF INVESTMENT AND UTILISATION OF PROCEEDS
The original cost of
investment of the Sale Shares was approximately RM4.14 per share at Group level
and RM3.50 per share at Company level. As at 31 January 2014,
the book value of the Sale Shares was approximately RM5.91 per share at Group
level. The sale proceeds will be utilised to pay bank borrowings. 5.0 COMPLETION DATE
The Disposal was completed on 13 February, 14 February and 17 February 2014 respectively.
6.0 FINANCIAL EFFECTS
The Disposal will not have any material financial implication and effect to the net assets per share and has no effect on the share capital and substantial shareholders’ shareholding of the Company. The proceeds will be primarily used to pay bank borrowings and thus would improve the Company’s gearing position.
The gain on the Disposal at Group level was approximately RM2.3 million while at the Company level was approximately RM6.7 million and this would contribute positively to the Company's earnings per share. 7.0 APPROVALS REQUIRED
The approval to dispose the Sale Shares was obtained as part of the shareholders' mandate for the disposal up to 56,671,000 ordinary shares of RM1.00 each in IJM, which was approved on 30 September 2013.
8.0 DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS
None of the Directors and/or Substantial Shareholders of the Company or persons connected to them has any interest, direct or indirect, in the Disposal.
9.0 PERCENTAGE RATIO The summary of the disposals of IJM shares, was as follows:
10.0 STATEMENT BY BOARD OF DIRECTORS The Board of Directors of ZB, after due consideration of all aspects of the Disposal, are of the opinion that the Disposal is in the best interest of ZB.
This announcement is dated 17 February 2014. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ZELAN - Quarterly rpt on consolidated results for the financial period ended 31/12/2013
| Company Name | ZELAN BERHAD |
| Stock Name | ZELAN |
| Date Announced | 17 Feb 2014 |
| Category | Financial Results |
| Reference No | ZZ-140217-53539 |
| Financial Year End | 31/03/2014 |
| Quarter | 3 |
| Quarterly report for the financial period ended | 31/12/2013 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION31/12/2013 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 51,784 | 12,732 | 174,101 | 47,195 |
| 2 | Profit/(loss) before tax | 25,192 | -20,794 | 26,876 | -8,861 |
| 3 | Profit/(loss) for the period | 22,929 | -20,344 | 24,540 | -32,583 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 22,943 | -20,215 | 24,583 | -32,431 |
| 5 | Basic earnings/(loss) per share (Subunit) | 4.07 | -3.59 | 4.36 | -5.76 |
| 6 | Proposed/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 ($$) | 0.1700 | 0.2500 | ||
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
OCTAGON - Annual Audited Accounts - 31 October 2013
| Company Name | OCTAGON CONSOLIDATED BERHAD |
| Stock Name | OCTAGON |
| Date Announced | 17 Feb 2014 |
| Category | PDF Submission |
| Reference No | OC-140214-63628 |
| Subject | Annual Audited Accounts - 31 October 2013 |
PMETAL - MATERIAL LITIGATION
| Company Name | PRESS METAL BERHAD |
| Stock Name | PMETAL |
| Date Announced | 17 Feb 2014 |
| Category | General Announcement |
| Reference No | CC-140217-65857 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | PRESS METAL BERHAD ("THE COMPANY") - Service of Statement of Claim |
The Board of Directors of the Company wishes to announce that its subsidiary, Press Metal Sarawak Sdn. Bhd (“PMS”), has not reached an acceptable agreement with its insurers on the claims arising from the power outage incident at PMS’s smelting plant in Mukah, Sarawak and accordingly, has on 17 February 2014 served to the lead insurer, Etiqa Takaful Berhad (“Etiqa”), a Writ of Summon and Statement of Claim filed vide Kuala Lumpur High Court in respect of a suit commenced by PMS through its solicitors (“Suit”). PMS is claiming against Etiqa for, inter alia, an indemnity in respect of all losses and damages arising from the power outage incident at PMS’s smelting plant in Mukah, Sarawak and for any other or further relief for PMS which the Court deems just and fit. The solicitors of PMS are of the opinion that PMS has a good case for its claims. Financial Impact and the Interest of the Directors and Substantial Shareholders of the Company For the financial year ended 31 December 2013, PMS has provided an estimated RM90 million for both operating losses and assets written off. For the financial year ending 31 December 2014, PMS is expected to reach full commercial operations in early March 2014 and barring unforeseen circumstances, PMS is expected to contribute positively to the Group for the whole of the financial year ending 31 December 2014. None of the directors and substantial shareholders of the Company or persons connected with them has any interest, direct or indirect, in the aforesaid Suit. The Board is of the view that the aforesaid action is in the best interest of the Company. The Company will make the necessary announcements on material developments of the above matter as and when necessary. This announcement is dated 17 February 2014. | |
YOKO - Notice of Shares Buy Back - Immediate Announcement
| Company Name | YOKOHAMA INDUSTRIES BERHAD |
| Stock Name | YOKO |
| Date Announced | 17 Feb 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CC-140217-441EC |
YOKO - Quarterly rpt on consolidated results for the financial period ended 31/12/2013
| Company Name | YOKOHAMA INDUSTRIES BERHAD |
| Stock Name | YOKO |
| Date Announced | 17 Feb 2014 |
| Category | Financial Results |
| Reference No | CC-140217-245A7 |
| Financial Year End | 31/12/2013 |
| Quarter | 4 |
| Quarterly report for the financial period ended | 31/12/2013 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION31/12/2013 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 42,921 | 54,712 | 187,771 | 197,665 |
| 2 | Profit/(loss) before tax | 4,181 | 7,049 | 18,824 | 12,634 |
| 3 | Profit/(loss) for the period | 2,910 | 4,711 | 13,416 | 8,124 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 2,944 | 4,711 | 13,648 | 8,124 |
| 5 | Basic earnings/(loss) per share (Subunit) | 3.43 | 5.41 | 15.76 | 9.33 |
| 6 | Proposed/Declared dividend per share (Subunit) | 3.70 | 2.80 | 5.58 | 2.80 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.2400 | 1.1300 | ||
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
TRIUMPL - OTHERS TRIUMPHAL ASSOCIATES BHD (“TAS” OR THE “COMPANY”) PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED SCR”)
| Company Name | TRIUMPHAL ASSOCIATES BHD |
| Stock Name | TRIUMPL |
| Date Announced | 17 Feb 2014 |
| Category | General Announcement |
| Reference No | MI-140217-64851 |
| Type | Announcement |
| Subject | OTHERS |
| Description | TRIUMPHAL ASSOCIATES BHD (“TAS” OR THE “COMPANY”) PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED SCR”) |
We refer to the earlier announcements in
relation to the Proposed SCR. On behalf of the Board of Directors of TAS, AFFIN Investment Bank Berhad wishes to announce that the petition to obtain an order of the High Court of Malaya ("Court") to confirm the Proposed SCR pursuant to Section 64 of the Companies Act, 1965 was filed with the Court today. Further details on the developments on the above will be announced in due course. This announcement is dated 17 February 2014. | |
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