HHGROUP - Quarterly rpt on consolidated results for the financial period ended 31/03/2015
| Company Name | HENG HUAT RESOURCES GROUP BERHAD |
| Stock Name | HHGROUP |
| Date Announced | 18 May 2015 |
| Category | Financial Results |
| Reference Number | FRA-18052015-00036 |
| Financial Year End | 31 Dec 2015 |
| Quarter | 1 Qtr |
| Quarterly report for the financial period ended | 31 Mar 2015 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
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INDIVIDUAL PERIOD
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CUMULATIVE PERIOD
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CURRENT YEAR QUARTER
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PRECEDING YEAR CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
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PRECEDING YEAR CORRESPONDING PERIOD |
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31 Mar 2015
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31 Mar 2014
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31 Mar 2015
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31 Mar 2014
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$$'000
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$$'000
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$$'000
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$$'000
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| 1 | Revenue |
26,460
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21,319
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26,460
|
21,319
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| 2 | Profit/(loss) before tax |
3,768
|
3,750
|
3,768
|
3,750
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| 3 | Profit/(loss) for the period |
3,519
|
3,280
|
3,519
|
3,280
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| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
2,916
|
3,037
|
2,916
|
3,037
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| 5 | Basic earnings/(loss) per share (Subunit) |
1.42
|
1.91
|
1.42
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1.91
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| 6 | Proposed/Declared dividend per share (Subunit) |
0.50
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0.00
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0.50
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0.00
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AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
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| 7 |
Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.3400
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0.3300
|
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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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
HHGROUP - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS HENG HUAT RESOURCES GROUP BERHAD (HENG HUAT OR THE COMPANY) PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (PROPOSED SHAREHOLDERS' MANDATE)
| Company Name | HENG HUAT RESOURCES GROUP BERHAD |
| Stock Name | HHGROUP |
| Date Announced | 18 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18052015-00078 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | HENG HUAT RESOURCES GROUP BERHAD (HENG HUAT OR THE COMPANY) PROPOSED SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (PROPOSED SHAREHOLDERS' MANDATE) |
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HENG HUAT RESOURCES GROUP BERHAD (“HENG HUAT” OR THE “COMPANY”) PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED SHAREHOLDERS’ MANDATE”) The Board of Directors of Heng Huat wishes to announce that the Company proposes to seek shareholders’ mandate for recurrent related party transactions of a revenue or trading nature pursuant to Rule 10.09 and Guidance Note 8 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad at the forthcoming Extraordinary General Meeting of the Company. A circular setting out the details of the Proposed Shareholders' Mandate will be despatched to the shareholders of the Company in due course. This announcement is dated 18 May 2015.
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MAYBANK - OTHERS PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST IN MAYBANK (PNG) LIMITED AND MAYBAN PROPERTY (PNG) LIMITED
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 18 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18052015-00057 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST IN MAYBANK (PNG) LIMITED AND MAYBAN PROPERTY (PNG) LIMITED |
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The Board of Directors of Malayan Banking Berhad (“Maybank”) wishes to announce that Maybank, has on 18 May 2015 entered into a share sale agreement (“SSA”) with Kina Ventures Limited (“Kina Ventures”) and Kina Securities Limited, for the proposed disposal of Maybank’s entire equity interest in Maybank (PNG) Limited (“MPNG”) and Mayban Property (PNG) Limited (“MPPNG”) to Kina Ventures (“Proposed Disposal”). The Proposed Disposal involves the sale of Maybank’s entire equity interest in MPNG and MPPNG to Kina Ventures for a total cash consideration of approximately Kina 319 million (equivalent to approximately RM418 million based on the exchange rate of Kina 1 = RM1.31 as at 18 May 2015), plus the difference in the value of the net assets of MPNG as at the completion of the Proposed Disposal compared to 31 December 2014. The completion of the Proposed Disposal is expected to occur in the second half of 2015, upon achieving IT and operational readiness as prescribed in the SSA. MPNG and MPPNG were incorporated in Papua New Guinea and are involved in commercial banking activities and property investment respectively. The Proposed Disposal is undertaken as part of Maybank’s continuous effort to evaluate its international operations with a specific focus on maximising capital use as well as optimising resources in the most efficient manner. The Proposed Disposal is subject to the approval of the Bank of Papua New Guinea, which was obtained on 12 May 2015. MPNG and MPPNG will cease to be subsidiaries of Maybank with effect from the completion of the Proposed Disposal. The Proposed Disposal will not have any effect on the issued and paid-up share capital and shareholdings of the substantial shareholders of Maybank, and it is not expected to have any material effect on the earnings per share, net assets per share and gearing of the Maybank Group for the financial year ending 31 December 2015. None of the directors and/or major shareholders of Maybank, and/or persons connected to them, have any interest, direct or indirect in the Proposed Disposal. This announcement is dated 18 May 2015. |
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IBHD - MULTIPLE PROPOSALS PROPOSED VARIATIONS COMPRISING: I. PROPOSED VARIATION OF THE CPN JV; AND II. PROPOSED VARIATION OF THE PROPOSED ARRANGEMENT (COLLECTIVELY REFERRED TO AS THE PROPOSED VARIATIONS).
| Company Name | I-BERHAD |
| Stock Name | IBHD |
| Date Announced | 18 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18052015-00077 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | PROPOSED VARIATIONS COMPRISING: I. PROPOSED VARIATION OF THE CPN JV; AND II. PROPOSED VARIATION OF THE PROPOSED ARRANGEMENT (COLLECTIVELY REFERRED TO AS THE PROPOSED VARIATIONS). |
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We refer to the Company’s previous announcements pertaining to the CPN JV, Proposed Mall Land Acquisition and Proposed Arrangement dated 13 September 2012, 22 November 2012, 21 December 2012, 31 January 2013, 11 March 2013, 13 May 2013, 22 July 2013, 17 September 2013, 27 September 2013, 13 December 2013, 5 February 2014, 25 February 2014, 1 April 2014, 8 April 2014, 27 June 2014, 22 July 2014 and 18 December 2014 (“Previous Announcements”) and the circular to shareholders of I-Berhad dated 30 June 2014 (“Circular”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Previous Announcements and the Circular.
On behalf of the Board of Directors of I-Berhad, CIMB Investment Bank Berhad wishes to announce that the Company and its wholly-owned subsidiary, I-R&D Sdn Bhd (“I-R&D”), where relevant, had on 18 May 2015 entered into:
i) a restructuring agreement with CPN Real Estate, CPN Malls Malaysia, ICP, Central Plaza I-City Malls Malaysia, Central Plaza I-City, Central Plaza I-City Real Estate, CPN Global and Langsuan Realty Company Limited (“Langsuan Realty”) to streamline the corporate structure of Central Plaza I-City Real Estate (“Restructuring Agreement”);
ii) a supplemental letter agreement with Central Plaza I-City Real Estate (the purchaser), The Peak @ KLCC (the vendor) and the Land Proprietors to extend the period for the fulfilment of the conditions precedent under the Mall Land SPA in respect of the Proposed Mall Land Acquisition from 30 June 2015 to 31 January 2016 or such other period as may be mutually agreed in writing between the parties; and
iii) a letter of agreement between I-Berhad and The Peak @ KLCC to formalise and evidence the agreement between I-Berhad and The Peak @ KLCC to extend the expiry date for the time period for obtaining and/or fulfilling the conditions precedent in Clause 4.1 of the Termination and Payment Agreement, from 31 March 2015 to 31 March 2017 or, if later, to the date falling 2 months from the date of expiry of the Conditional Period (as defined under the Mall Land SPA and as may be extended by the agreement of the parties to the Mall Land SPA from time to time), or such further extended period as the parties to the Termination and Payment Agreement may mutually agree in writing.
The Restructuring Agreement takes effect only upon the approval of I-Berhad’s shareholders for the Proposed Variation of the CPN JV (as defined in the attachment). Thereafter, the Company and I-R&D, where relevant, will enter into:
i) a new joint venture and shareholders’ agreement with CPN Global, Langsuan Realty and Central Plaza I-City Real Estate in respect of the CPN JV setting out the rights and obligations of the parties to the new CPN JV; and
ii) a supplemental agreement with The Peak @ KLCC to supplement and amend the terms of the Termination and Payment Agreement.
The Company and Central Plaza I-City Real Estate will also enter into a letter agreement with The Peak @ KLCC and the Land Proprietors to vary certain terms of the Mall Land SPA, and the relevant parties will enter into the ancillary agreements, as described in Section 3 of the attachment.
The purpose of this announcement is to set out the details of the Proposed Variations. Details pertaining to the CPN JV, Proposed Mall Land Acquisition and Proposed Arrangement have previously been announced by the Company in the Previous Announcements and are as set out in the Circular.
Please refer to the attachment for the full announcement in relation to the Proposed Variations.
This announcement is dated 18 May 2015. |
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Please refer attachment below.
EDEN - General Meetings: Notice of Meeting
| Company Name | EDEN INC. BERHAD |
| Stock Name | EDEN |
| Date Announced | 18 May 2015 |
| Category | General Meeting |
| Reference Number | GMA-13052015-00014 |
| Type of Meeting | Annual General Meeting |
| Indicator | Notice of Meeting |
| Description |
Eden Inc. Berhad -Thirty-Seventh Annual General Meeting |
| Date of Meeting | 10 Jun 2015 |
| Time | 10:00 AM |
| Venue | Crystal Ballroom, Level 1, Crystal Crown Hotel, No. 12, Lorong Utara A, Off Jalan Utara, 46200 PJ |
| Date of General Meeting Record of Depositors | 03 Jun 2015 |
Please refer attachment below.
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