November 20, 2014

Company announcements: PERMAJU, QL, CENTURY, PWORTH, SMISCOR, MINETEC, BARAKAH, SCOMIEN, MERCURY

PERMAJU - Quarterly rpt on consolidated results for the financial period ended 30/9/2014

Announcement Type: Financial Results
Company NamePERMAJU INDUSTRIES BERHAD  
Stock Name PERMAJU  
Date Announced20 Nov 2014  
CategoryFinancial Results
Reference NoCP-141117-62611

Financial Year End31/12/2014
Quarter3
Quarterly report for the financial period ended30/09/2014
The figureshave not been audited

Attachments

PIB SEP 2014.xls
125 KB

PIB SEP 2014.doc
315 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
38,589
36,394
111,337
126,784
2Profit/(loss) before tax
-2,085
-2,985
-847
-7,697
3Profit/(loss) for the period
-2,106
-2,985
-868
-7,707
4Profit/(loss) attributable to ordinary equity holders of the parent
-2,575
-2,849
-2,895
-7,331
5Basic earnings/(loss) per share (Subunit)
-1.38
-1.52
-1.55
-3.91
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 ($$)
0.7900
0.7900
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


QL - OTHERS Acquisition of new subsidiary namely Kembang Subur Sdn. Bhd. by QL Fishery Sdn. Bhd., a wholly-owned subsidiary of QL Resources Berhad (“QL”)

Announcement Type: General Announcement
Company NameQL RESOURCES BERHAD  
Stock Name QL  
Date Announced20 Nov 2014  
CategoryGeneral Announcement
Reference NoQR-141120-54818

TypeAnnouncement
SubjectOTHERS
DescriptionAcquisition of new subsidiary namely Kembang Subur Sdn. Bhd. by QL Fishery Sdn. Bhd., a wholly-owned subsidiary of QL Resources Berhad (“QL”)

1.  Introduction

 

Pursuant to Para 9.19 (23) of the Main Market Listing Requirements, the Board of Directors of QL is pleased to announce that its wholly-owned subsidiary, QL Fishery Sdn. Bhd. (Company No. 259833-H) ("QL Fishery") had on 20 November 2014 entered into an Investment Agreement (“IA”) with the Vendors as defined below, Rising Growth Sdn. Bhd. ("RGSB"), Lee Kat Choy ("LKC") and Kembang Subur Sdn. Bhd. ("KSSB") for the following purposes:-

i) to purchase Two Million Seven Hundred Thousand (2,700,000) ordinary shares of RM1.00 each, representing 45% of the issued and paid-up shares capital of KSSB from Dimara Holdings Sdn. Bhd., Chee Chik Eng and Kiara Agro Sdn. Bhd. (collectively known as the "Vendors" and individually as the "Vendor") ("Sale Shares") at a consideration price of Ringgit Malaysia: Eight Million Nine Hundred and Ten Thousand (RM8,910,000) only ("Purchase Price"); and

ii) at the invitation from KSSB, RGSB and LKC, following the sale and purchase of the Sale Shares as aforesaid, subscribe Three Million (3,000,000) new ordinary shares of RM1.00 each in KSSB ("Subscription Shares") at a consideration price of Ringgit Malaysia: Twelve Million (RM12,000,000) only ("Subscription Price").

 

2.  Particulars of the Transaction

 

2.1 Particulars of KSSB

 

KSSB (Co. No. 612363-T), a company in Malaysia with its registered office at No. 2-1, Jalan Sri Hartamas 8, Sri Hartamas, 50480 Kuala Lumpur. It has an authorised share capital of RM10,000,000.00 comprising 10,000,000 ordinary shares of RM1.00 each, of which RM6,000,000 comprising 6,000,000 ordinary shares of RM1.00 each have been issued and fully paid-up. KSSB is principally engaged in the business of hatching and aqua culturing of shrimps.

 

As at the date hereof, KSSB has the following subsidiaries and economic interests-

i) 55% owned Kembang Subur (Perak) Sdn. Bhd.;

ii) 50% economic interest in Kembang Subur Sdn. Bhd.-Marine Life Hatchery Sdn. Bhd. Unincorporate Joint Venture;

iii) 49% owned AB Hatchery Sdn. Bhd.;

iv) 50% owned Kembang Subur International Ltd which in turn has a 100% owned subsidiary called Nam Duong Vietnam Aquatic Hatchery Co., Ltd.;

v) 100% owned KS Galah Sdn. Bhd.; and

vi) 100% owned KS Monodon Sdn. Bhd.

 

The shareholders in KSSB are as follows:-

 

Name of Shareholders

Shareholdings

LKC

1,500,000 (25%)

Dimara Holdings Sdn. Bhd.

1,080,000 (18%)

Chee Chik Eng

420,000 (7%)

RGSB

1,800,000 (30%)

Kiara Agro Sdn. Bhd.

1,200,000 (20%)

Total

6,000,000 (100%)

 

 

2.2  Details of the Sale Shares and Subscription Shares

 

The Vendors, severally but not jointly, agree to sell, and QL Fishery hereby agrees to purchase, the Sale Shares, free from all pledges or liens or any other encrumbances and with all rights now or hereinafter attaching thereto for the Purchase Price.

 

The Purchase Price is arrived at based on a willing buyer-willing seller basis.

 

The completion of the sale and purchase of the Sale Shares shall take place on a business day not later than thirty (30) days from the date of the IA ("Sale Completion Date").

 

Within thirty (30) days from the Sale Completion Date, subject to and upon the terms and conditions of the IA, KSSB agrees to issue the Subscription Shares and QL Fishery hereby agrees to subscribe for the Subscription Shares, at the agreed issue price of Ringgit Malaysia Four (RM4.00) per share.

 

Upon completion of the sale and purchase of the Sale Shares, the shareholdings structure of QL Fishery, RGSB and LKC shall be in the proportion as follows:

 

Name of Shareholders

Shareholdings

LKC

1,500,000 (25%)

RGSB

1,800,000 (30%)

QL Fishery

2,700,000 (45%)

Total

6,000,000 (100%)

 

The completion of the subscription of the Subscription Shares shall take place on a business day not later than thirty (30) days after the Sale Completion Date, or on such later date as the parties hereto shall mutually agree in writing.

 

Upon completion of the subscription of the Subscription Shares, KSSB would become 63.33% owned subsidiary of QL Fishery. The shareholdings structure of QL Fishery, RGSB and LKC shall be in the proportion as follows:

 

Name of Shareholders

Shareholdings

LKC

1,500,000 (16.67%)

RGSB

1,800,000 (20%)

QL Fishery

5,700,000 (63.33%)

Total

9,000,000 (100%)

 

 

3. The acquisition of the Sale Shares and the subscription of the Subscription Shares (collectively referred to as the "Transactions") would be financed via internally generated funds.

 

4. The Transaction does not have any effect on the issued and paid up share capital of QL and has no material effect on the earnings and net assets of QL Group for the financial year ending 31 March 2015.

 

5. The Directors of QL are of the opinion that the Transaction is in the best interest of QL.

 

6. The Transaction is not subject to QL’s shareholders’ approval.

 

7. None of the directors and/or major shareholder of QL, or persons connected to them has any interest, direct or indirect, in the Transaction.

 

8. The highest percentage ratio based on QL's audited financial statements for the year ended 31 March 2014 is 1.8%.


This announcement is dated 20 November 2014.

 

 



CENTURY - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY  
Date Announced20 Nov 2014  
CategoryGeneral Announcement
Reference NoCS-141120-64215

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionCENTURY LOGISTICS HOLDINGS BERHAD (“CENTURY” OR "COMPANY") - CLAIM MADE BY SCA HYGIENE MALAYSIA SDN. BHD. (“SCA”) AGAINST CENTURY TOTAL LOGISTICS SDN. BHD. ("CTL"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

Reference is made to our announcements dated 26 February 2014, 21 March 2014, 20 June 2014, 17 July 2014, 31 July 2014, 15 August 2014 and 24 September 2014.

Century wishes to announce that CTL’s appeal to the Court of Appeal against the Kuala Lumpur High Court’s refusal to strike out the Plaintiff’s suit came up for hearing on 18 November 2014. At the conclusion of the hearing, the Court of Appeal dismissed CTL’s appeal with costs in the cause i.e. the party that is eventually successful at the trial before the Kuala Lumpur High Court will also be entitled to the costs of the appeal to the Court of Appeal on 18 November 2014.

Following the dismissal of CTL’s appeal to the Court of Appeal, the Kuala Lumpur High Court on 20 November 2014 fixed the suit for further case-management on 9 December 2014, pending SCA filing an application for leave to amend SCA’s Statement of Claim.

This announcement is dated 20 November 2014.



PWORTH - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NamePRICEWORTH INTERNATIONAL BERHAD  
Stock Name PWORTH  
Date Announced20 Nov 2014  
CategoryGeneral Meetings
Reference NoCC-141120-59487

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionEighteenth Annual General Meeting
Date of Meeting15/12/2014
Time03:00 PM
VenueThe Mark Lodge Hotel Function Room
Lot 1-7, Block 36, Bandar Indah
Jalan Cecily
90000 Sandakan, Sabah
Date of General Meeting Record of Depositors09/12/2014

Attachments

PIB Notice 18th AGM.pdf
61 KB



SMISCOR - Quarterly rpt on consolidated results for the financial period ended 30/9/2014

Announcement Type: Financial Results
Company NameSMIS CORPORATION BERHAD  
Stock Name SMISCOR  
Date Announced20 Nov 2014  
CategoryFinancial Results
Reference NoCC-141119-34733

Financial Year End31/12/2014
Quarter3
Quarterly report for the financial period ended30/09/2014
The figureshave not been audited

Attachments

SMIS Q3 2014.pdf
69 KB

SMIS Q3 2014 Notes.pdf
152 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
36,975
34,341
110,978
97,472
2Profit/(loss) before tax
743
2,706
4,676
7,715
3Profit/(loss) for the period
275
1,744
2,959
4,900
4Profit/(loss) attributable to ordinary equity holders of the parent
238
1,555
2,080
4,172
5Basic earnings/(loss) per share (Subunit)
0.56
3.68
4.93
9.88
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 ($$)
1.7200
1.7000
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


MINETEC - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameMINETECH RESOURCES BERHAD  
Stock Name MINETEC  
Date Announced20 Nov 2014  
CategoryGeneral Announcement
Reference NoCC-141119-59978

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionMinetech Resources Berhad ("MRB" or "the Company")
Provision of financial assistance pursuant to Practice Note No. 11/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

On behalf of the Board of MRB, we wish to announce that pursuant to Practice Note No. 11/2001, the aggregate amount of financial assistance provided during the quarter ended 30 September 2014 to facilitate the ordinary course of business of the Company and the Group is tabulated under Tables Section below.

 
There would be no significant financial impact to the earnings and cash flow of MRB Group as a result of the below financial assistance granted during the reporting quarter as these guarantees are not expected to be realised and called upon.

 

Type of Financial Assistance

Company Level
(RM’000)

Group Level
(RM’000)

1.

Corporate Guarantee

111,464

111,464

2.

Bank Guarantee

-

2,845

Total financial assistance provided during the quarter ended 30 September 2014

111,464

114,309



BARAKAH - Changes in Director's Interest (S135) - Nik Hamdan Bin Daud

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameBARAKAH OFFSHORE PETROLEUM BERHAD  
Stock Name BARAKAH  
Date Announced20 Nov 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141120-8BCC1

Information Compiled By KLSE

Particulars of Director

NameNik Hamdan Bin Daud
AddressNo. 32, Jalan Chanselor U1/13A
Glenmarie Residence
Seksyen U1
40150 Shah Alam
Selangor Darul Ehsan
Malaysi
Descriptions(Class & nominal value)Ordinary Shares of RM0.20 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
20/11/2014
1,867,100
1.370 

Circumstances by reason of which change has occurredAcquisition of Ordinary Shares
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)360,936,233 
Direct (%)47.78 
Indirect/deemed interest (units)26,619,900 
Indirect/deemed interest (%)3.52 
Date of notice20/11/2014

Remarks :
Total indirect interest registered in the name of United Power Group Holdings Limited.


BARAKAH - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameBARAKAH OFFSHORE PETROLEUM BERHAD  
Stock Name BARAKAH  
Date Announced20 Nov 2014  
CategoryGeneral Announcement
Reference NoCC-141120-8BC9F

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionBarakah Offshore Petroleum (the "Company")
-Notice of Dealings in Shares in the Company by Company Director

Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Securities Berhad, the Company Director, Nik Hamdan Bin Daud has given his notice of dealings in the shares of the Company on 20 November 2014 as follows:-

Table:

Name of Principal Officer

Date of Acquisition

No. ordinary shares of RM0.20 each Acquired

Number and Percentage of shares after Acquisition

Direct

%

Indirect

%

Direct

Indirect

Nik Hamdan Bin Daud

20.11.2014











-






-



 

 

1,867,100*


0.25


360,936,233

(47.78%)

 

26,619,900(3.52%)

* The indirect interest registered under the name of United Power Group Holdings Limited.

This announcement is dated 20 November 2014.



SCOMIEN - OTHERS SCOMI ENGINEERING BHD (“SEB” or “the Company”) JOINT BIDDING AGREEMENT (“JBA”) BETWEEN SCOMI ENGINEERING BHD AND GEODESIC TECHNIQUES PRIVATE LIMITED IN RESPECT OF THE PROPOSED SUBMISSION OF A PROPOSAL FOR THE PURPOSES OF UNDERTAKING THE FINANCE, DESIGN, BUILD, OWN, OPERATE AND TRANSFER (“FDBOOT”) OF NEW MONORAIL PROJECTS IN BANGALORE UNDER THE SWISS CHALLENGE METHOD (“THE PROJECT” OR “THE PROPOSAL”).

Announcement Type: General Announcement
Company NameSCOMI ENGINEERING BHD  
Stock Name SCOMIEN  
Date Announced20 Nov 2014  
CategoryGeneral Announcement
Reference NoSE-141120-64744

TypeAnnouncement
SubjectOTHERS
DescriptionSCOMI ENGINEERING BHD (“SEB” or “the Company”)

JOINT BIDDING AGREEMENT (“JBA”) BETWEEN SCOMI ENGINEERING BHD AND GEODESIC TECHNIQUES PRIVATE LIMITED IN RESPECT OF THE PROPOSED SUBMISSION OF A PROPOSAL FOR THE PURPOSES OF UNDERTAKING THE FINANCE, DESIGN, BUILD, OWN, OPERATE AND TRANSFER (“FDBOOT”) OF NEW MONORAIL PROJECTS IN BANGALORE UNDER THE SWISS CHALLENGE METHOD (“THE PROJECT” OR “THE PROPOSAL”).

Reference is made to the Company’s previous announcements dated 2 November 2009, 2 July 2010, 24 August 2010, 30 November 2010, 8 April 2011, 28 June 2011, 30 September 2011, 29 December 2011, 29 March 2012, 1 June 2012, 30 August 2012, 30 November 2012, 28 February 2013, 31 May 2013, 23 August 2013, 20 November 2013, 18 February 2014, 30 May 2014 and 21 August 2014 in relation to the Joint Bidding Agreement and the Project.

The Board of Directors of SEB wishes to announce that further material events or developments in relation to the Project are not expected. Further announcements will be made if this situation changes.

This announcement is dated 20 November 2014.



MERCURY - Quarterly rpt on consolidated results for the financial period ended 30/9/2014

Announcement Type: Financial Results
Company NameMERCURY INDUSTRIES BERHAD  
Stock Name MERCURY  
Date Announced20 Nov 2014  
CategoryFinancial Results
Reference NoCC-141120-16AB1

Financial Year End31/12/2014
Quarter3
Quarterly report for the financial period ended30/09/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
11,568
11,998
34,749
36,213
2Profit/(loss) before tax
1,815
2,104
5,330
6,558
3Profit/(loss) for the period
1,343
1,639
3,789
4,983
4Profit/(loss) attributable to ordinary equity holders of the parent
1,343
1,639
3,789
4,983
5Basic earnings/(loss) per share (Subunit)
3.34
4.08
9.43
12.40
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 ($$)
1.3577
1.3634
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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