WELLCAL - OTHERS Clarification of Article appearing on The Star, Star Business Section, page 8 on Saturday, 23 August 2014 with the title of WELLCALL EXPANSION ON TRACK
| Company Name | WELLCALL HOLDINGS BERHAD |
| Stock Name | WELLCAL |
| Date Announced | 25 Aug 2014 |
| Category | General Announcement |
| Reference No | C&-140825-70736 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Clarification of Article appearing on The Star, Star Business Section, page 8 on Saturday, 23 August 2014 with the title of WELLCALL EXPANSION ON TRACK |
We refer to the article published by The Star on Friday, 23 August 2014 pertaining to the above matter. In the said article, we noted that some of the facts stated therein were inaccurate (of which has been underlined and bold in the said article) and we wish to clarify/correct the following: 1. The new facility, located about 1km from Wellcall’s existing factories in Ipoh, is expected to increase its mandrel hose production, the firm’s core product, by 50% to 38,000 tonnes per annum. Phase 1 and 2 of Factory 3 will boost its total installed capacity by 70% from 33,000 tonnes to 35,000 tonnes currently. Clarification: The
new facility, located about 1km from Wellcall’s existing factories in Ipoh, is
expected to increase its mandrel hose production, the firm’s core product, by at least 100%. Phase 1 and 2 of Factory 3 will boost its total installed capacity by 70% from 33,000 tonnes to 56,100 tonnes. 2. Wellcall sells two types of hoses: mandrel and extrusion. The latter are smaller-sized with a diameter of 5cm and below. Mandrel hoses are more lucrative for the group, with profit margins ranging from 70% for mandrel to 20% for extrusion, Chew says.
3. “Most of our exports previously went to the United States, Europe and the Middle East, but Asia is now our largest market, led by China,” Chew quips. Clarification: “Most of our exports previously went to the United States, Europe and the Middle East, but Asia is now our largest market, Wellcall also export to China,” Chew quips. 4. The market for synthetic rubber is also oversupplied. “Prices of synthetic rubber before this were stuck at US$4,000 (RM12,640) per tonne for a long time because there was a limited number of suppliers. It has dropped to US$2,800 (RM8,848) per tonne the last time I checked, and is still declining.”
5. During the crisis years of 2009-2010, Wellcall was hit hard when some of its clients, spooked by the global financial meltdown, cancelled 50% of their orders overnight. Clarification: During the Lehman brother crisis started in late 2008, Wellcall experienced some of its clients, spooked by the global financial meltdown, cancelled 50% of their orders overnight in November 2008. 6. Today the group operates on a fraction of the manpower it used to employ. In the past, four people managed one line, producing eight hoses per shift. Its new lines, each manned by a single worker, outputs 22 to 26 hoses per shift.
7. Wellcall spent RM4mil instead of RM32mil to install its mandrel
facilities in Factory 2, Chew explains. Clarification: Wellcall spent RM4mil instead of RM32mil on its 32 mandrel production lines excluding other secondary equipment and supporting machineries in Factory 2, Chew explains. 8. If it decides to go ahead with the spiral line, the group is likely to buy and refurbish an old line,
which could cost less than half the price of a new machine, he adds. Wellcall is set to see its cost base fall further in a
couple of years once all its equipment is fully depreciated. Its land cost is also one of the lowest in the industry at
RM5.20 per sq ft, Chew points out. Clarification: If it decides to go ahead with the spiral line, the group might explore on acquiring a refurbished an old line, which should cost less than the price of a new machine, he adds. Its land cost is also one of the lowest in the industry at RM5.20 per sq ft for factory 1 and 2 but after averaging land cost for its factory 3 and taking into account of its leasehold period of 99 years, it is average at RM6.20 per sq ft 9. Factory 3 will feature some 18 mandrel production lines, but the final decision on the spiral line will be made once the group has weighed all the risks. Clarification: Factory 3 will feature some 18 mandrel production lines at Stage I, but the final decision on the spiral line will be made once the group has weighed all the risks. In addition, we append a copy of the aforesaid article published by The Star for your ease of reference. This announcement dated 25 August 2014. | |
INGENCO - Additional Listing Announcement
| Company Name | INGENUITY CONSOLIDATED BERHAD (ACE Market) |
| Stock Name | INGENCO |
| Date Announced | 26 Aug 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | CC-140822-54334 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | EMPLOYEES' SHARE OPTION SCHEME |
| No. of shares issued under this corporate proposal | 10,000,000 |
| Issue price per share ($$) | MYR 0.100 |
| Par Value ($$) | MYR 0.100 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 913,798,836 |
| Currency | MYR 91,379,883.600 |
| Listing Date | 27/08/2014 |
ABFMY1 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | ABF MALAYSIA BOND INDEX FUND |
| Stock Name | ABFMY1 |
| Date Announced | 26 Aug 2014 |
| Category | General Announcement |
| Reference No | AM-140826-6F887 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | ABF Malaysia Bond Index Fund - Valuation Point as at 25-08-2014 |
Fund: ABF Malaysia Bond Index Fund | |
CMSB - Additional Listing Announcement
| Company Name | CAHYA MATA SARAWAK BERHAD |
| Stock Name | CMSB |
| Date Announced | 26 Aug 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | CM-140826-35FA6 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | Employees' Share Option Scheme |
| No. of shares issued under this corporate proposal | 1,731,800 |
| Issue price per share ($$) | MYR 0.740 |
| Par Value ($$) | MYR 0.500 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 1,039,051,320 |
| Currency | MYR 519,525,660.000 |
| Listing Date | 27/08/2014 |
2. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | Employees' Share Option Scheme |
| No. of shares issued under this corporate proposal | 14,000 |
| Issue price per share ($$) | MYR 0.750 |
| Par Value ($$) | MYR 0.500 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 1,039,065,320 |
| Currency | MYR 519,532,660.000 |
| Listing Date | 27/08/2014 |
L&G - Additional Listing Announcement
| Company Name | LAND & GENERAL BERHAD |
| Stock Name | L&G |
| Date Announced | 26 Aug 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | L&-140821-40990 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | Others |
| Details of corporate proposal | Conversion of 1% Irredeemable Convertible Unsecured Loan Stocks 2013/2018 of RM0.13 Nominal Value Each |
| No. of shares issued under this corporate proposal | 2,658,000 |
| Issue price per share ($$) | MYR 0.260 |
| Par Value ($$) | MYR 0.200 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 752,600,516 |
| Currency | MYR 150,520,103.200 |
| Listing Date | 27/08/2014 |
ASIAPAC - Additional Listing Announcement
| Company Name | ASIAN PAC HOLDINGS BERHAD |
| Stock Name | ASIAPAC |
| Date Announced | 26 Aug 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | AP-140825-52658 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | Exercise of Employees Share Option Scheme |
| No. of shares issued under this corporate proposal | 850,000 |
| Issue price per share ($$) | MYR 0.200 |
| Par Value ($$) | MYR 0.200 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 984,680,410 |
| Currency | MYR 196,936,082.000 |
| Listing Date | 27/08/2014 |
BJFOOD - Circular/Notice to Shareholders
| Company Name | BERJAYA FOOD BERHAD |
| Stock Name | BJFOOD |
| Date Announced | 26 Aug 2014 |
| Category | PDF Submission |
| Reference No | MI-140826-35614 |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED ACQUISITION OF 11,500,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING THE REMAINING 50.00% EQUITY INTEREST IN BERJAYA STARBUCKS COFFEE COMPANY SDN BHD NOT OWNED BY BERJAYA FOOD BERHAD FOR A TOTAL CASH CONSIDERATION OF USD88,000,000 (EQUIVALENT TO RM279,514,400) |
TAKAFUL - Additional Listing Announcement
| Company Name | SYARIKAT TAKAFUL MALAYSIA BERHAD |
| Stock Name | TAKAFUL |
| Date Announced | 26 Aug 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | ST-140721-51169 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | Others |
| Details of corporate proposal | Syarikat Takaful Malaysia Berhad (Takaful Malaysia)'s Long Term Incentive Plan (LTIP) : Vesting of ordinary shares of RM1.00 each in Takaful Malaysia under the First Tranche of the Restricted Share Plan (RSP) Awards of the LTIP. |
| No. of shares issued under this corporate proposal | 189,500 |
| Issue price per share ($$) | MYR 8.960 |
| Par Value ($$) | MYR 1.000 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 163,006,500 |
| Currency | MYR 163,006,500.000 |
| Listing Date | 27/08/2014 |
| Remarks : |
| This announcement is dated 26 August 2014. |
VS - Additional Listing Announcement
| Company Name | V.S. INDUSTRY BERHAD |
| Stock Name | VS |
| Date Announced | 26 Aug 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | VI-140822-E078B |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | Employees' Share Option Scheme |
| No. of shares issued under this corporate proposal | 783,600 |
| Issue price per share ($$) | MYR 1.540 |
| Par Value ($$) | MYR 1.000 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 191,381,522 |
| Currency | MYR 191,381,522.000 |
| Listing Date | 27/08/2014 |
SPSETIA - Additional Listing Announcement
| Company Name | S P SETIA BERHAD |
| Stock Name | SPSETIA |
| Date Announced | 26 Aug 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | C&-140822-2EC16 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | Employee Share Option Scheme |
| No. of shares issued under this corporate proposal | 650,000 |
| Issue price per share ($$) | MYR 3.070 |
| Par Value ($$) | MYR 0.750 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 2,525,338,896 |
| Currency | MYR 1,894,004,172.000 |
| Listing Date | 27/08/2014 |
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