IFCAMSC - Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Company Name | IFCA MSC BERHAD |
Stock Name | IFCAMSC |
Date Announced | 17 Jun 2015 |
Category | General Announcement for PLC |
Reference Number | GA1-17062015-00032 |
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-16062015-00002 |
Subject | Letter Subject or Reference - UNUSUAL MARKET ACTIVITY |
Description | IFCA MSC BERHAD ("IFCA" or "THE COMPANY") |
Query Letter Contents | We draw your attention to the sharp fall in price and high volume of your Company's shares recently ("trading activity").
Yours faithfully |
Reference is made to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 16 June 2015 querying the Company on the sharp fall in price and high volume of the Company’s shares recently (“trading activity”). The Board of Directors (“Board”) of IFCA wishes to inform that to the best of their knowledge and after making due enquiry with the directors and major shareholders of the Company, IFCA is:
|
CONNECT - Additional Listing Announcement
Company Name | CONNECTCOUNTY HOLDINGS BERHAD |
Stock Name | CONNECT |
Date Announced | 17 Jun 2015 |
Category | Additional Listing Announcement |
Reference Number | ALA-17062015-00001 |
1. Details of Corporate Proposal |
|
Involve issuance of new type/class of securities ? | No |
Types of corporate proposal | Exercise of Warrants |
Details of corporate proposal | Conversion of Warrants |
No. of shares issued under this corporate proposal | 3,040,000 |
Issue price per share ($$) | Malaysian Ringgit (MYR) 0.1000 |
Par Value ($$) | Malaysian Ringgit (MYR) 0.100 |
Latest issued and paid up share capital after the above corporate proposal in the following |
|
Units | 212,210,200 |
Currency | Malaysian Ringgit (MYR) 21,221,020.000 |
Listing Date | 18 Jun 2015 |
UMCCA - Additional Listing Announcement
Company Name | UNITED MALACCA BERHAD |
Stock Name | UMCCA |
Date Announced | 17 Jun 2015 |
Category | Additional Listing Announcement |
Reference Number | ALA-17062015-00011 |
1. Details of Corporate Proposal |
|
Involve issuance of new type/class of securities ? | No |
Types of corporate proposal | ESOS |
Details of corporate proposal | Employee Share Scheme |
No. of shares issued under this corporate proposal | 132,000 |
Issue price per share ($$) | Malaysian Ringgit (MYR) 5.4200 |
Par Value ($$) | Malaysian Ringgit (MYR) 1.000 |
Latest issued and paid up share capital after the above corporate proposal in the following |
|
Units | 208,101,501 |
Currency | Malaysian Ringgit (MYR) 208,101,501.000 |
Listing Date | 18 Jun 2015 |
2. Details of Corporate Proposal |
|
Involve issuance of new type/class of securities ? | No |
Types of corporate proposal | ESOS |
Details of corporate proposal | Employee Share Scheme |
No. of shares issued under this corporate proposal | 2,000 |
Issue price per share ($$) | Malaysian Ringgit (MYR) 5.8200 |
Par Value ($$) | Malaysian Ringgit (MYR) 1.000 |
Latest issued and paid up share capital after the above corporate proposal in the following |
|
Units | 208,103,501 |
Currency | Malaysian Ringgit (MYR) 208,103,501.000 |
Listing Date | 18 Jun 2015 |
BJCORP - Additional Listing Announcement
Company Name | BERJAYA CORPORATION BERHAD |
Stock Name | BJCORP |
Date Announced | 17 Jun 2015 |
Category | Additional Listing Announcement |
Reference Number | ALA-17062015-00012 |
1. Details of Corporate Proposal |
|
Involve issuance of new type/class of securities ? | No |
Types of corporate proposal | Others |
Details of corporate proposal | Conversion of 0% Irredeemable Convertible Unsecured Loan Stocks 2005/2015 |
No. of shares issued under this corporate proposal | 108,645 |
Issue price per share ($$) | Malaysian Ringgit (MYR) 1.0000 |
Par Value ($$) | Malaysian Ringgit (MYR) 1.000 |
Latest issued and paid up share capital after the above corporate proposal in the following |
|
Units | 4,331,182,084 |
Currency | Malaysian Ringgit (MYR) 4,331,182,084.000 |
Listing Date | 18 Jun 2015 |
UNISEM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD
Company Name | UNISEM (M) BERHAD |
Stock Name | UNISEM |
Date Announced | 17 Jun 2015 |
Category | General Announcement for PLC |
Reference Number | GA1-17062015-00006 |
Type | Announcement | ||||||||||
Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD |
||||||||||
Description | The Company received notification dated 17 June 2015 from Ms. Chin Hock Yee, pursuant to Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, of her dealing in the securities of Unisem (M) Berhad as detailed below: |
||||||||||
|
UNISEM - Additional Listing Announcement
Company Name | UNISEM (M) BERHAD |
Stock Name | UNISEM |
Date Announced | 17 Jun 2015 |
Category | Additional Listing Announcement |
Reference Number | ALA-17062015-00013 |
1. Details of Corporate Proposal |
|
Involve issuance of new type/class of securities ? | No |
Types of corporate proposal | Exercise of Warrants |
Details of corporate proposal | Exercise of Warrants |
No. of shares issued under this corporate proposal | 3,700,700 |
Issue price per share ($$) | Malaysian Ringgit (MYR) 2.1800 |
Par Value ($$) | Malaysian Ringgit (MYR) 0.500 |
Latest issued and paid up share capital after the above corporate proposal in the following |
|
Units | 691,196,073 |
Currency | Malaysian Ringgit (MYR) 345,598,036.500 |
Listing Date | 18 Jun 2015 |
PLENITU - Additional Listing Announcement
Company Name | PLENITUDE BERHAD |
Stock Name | PLENITU |
Date Announced | 17 Jun 2015 |
Category | Additional Listing Announcement |
Reference Number | ALA-15062015-00014 |
1. Details of Corporate Proposal |
|
Involve issuance of new type/class of securities ? | No |
Types of corporate proposal | Others |
Details of corporate proposal | Unconditional Take-Over Offer |
No. of shares issued under this corporate proposal | 407,600 |
Issue price per share ($$) | Malaysian Ringgit (MYR) 2.5000 |
Par Value ($$) | Malaysian Ringgit (MYR) 1.000 |
Latest issued and paid up share capital after the above corporate proposal in the following |
|
Units | 373,942,589 |
Currency | Malaysian Ringgit (MYR) 373,942,589.000 |
Listing Date | 18 Jun 2015 |
JCY - Additional Listing Announcement
Company Name | JCY INTERNATIONAL BERHAD |
Stock Name | JCY |
Date Announced | 17 Jun 2015 |
Category | Additional Listing Announcement |
Reference Number | ALA-16062015-00017 |
1. Details of Corporate Proposal |
|
Involve issuance of new type/class of securities ? | No |
Types of corporate proposal | ESOS |
Details of corporate proposal | Executives' Share Option Scheme |
No. of shares issued under this corporate proposal | 80,000 |
Issue price per share ($$) | Malaysian Ringgit (MYR) 0.6100 |
Par Value ($$) | Malaysian Ringgit (MYR) 0.250 |
Latest issued and paid up share capital after the above corporate proposal in the following |
|
Units | 2,060,411,000 |
Currency | Malaysian Ringgit (MYR) 515,102,750.000 |
Listing Date | 18 Jun 2015 |
BJFOOD - Additional Listing Announcement
Company Name | BERJAYA FOOD BERHAD |
Stock Name | BJFOOD |
Date Announced | 17 Jun 2015 |
Category | Additional Listing Announcement |
Reference Number | ALA-17062015-00003 |
1. Details of Corporate Proposal |
|
Involve issuance of new type/class of securities ? | No |
Types of corporate proposal | ESOS |
Details of corporate proposal | Employees' Shares Option Scheme |
No. of shares issued under this corporate proposal | 5,180 |
Issue price per share ($$) | Malaysian Ringgit (MYR) 0.5000 |
Par Value ($$) | Malaysian Ringgit (MYR) 0.500 |
Latest issued and paid up share capital after the above corporate proposal in the following |
|
Units | 374,912,920 |
Currency | Malaysian Ringgit (MYR) 187,456,460.000 |
Listing Date | 18 Jun 2015 |
FGV - EXECUTION OF HEADS OF AGREEMENT BETWEEN FELDA GLOBAL VENTURES KALIMANTAN SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FELDA GLOBAL VENTURES HOLDINGS BERHAD, PT RAJAWALI CAPITAL INTERNATIONAL AND PT RAJAWALI CORPORA
Company Name | FELDA GLOBAL VENTURES HOLDINGS BERHAD |
Stock Name | FGV |
Date Announced | 17 Jun 2015 |
Category | General Announcement for PLC |
Reference Number | GA1-17062015-00007 |
Type | Reply to Query | ||||||||||||||||||||||||||
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-15062015-00001 | ||||||||||||||||||||||||||
Subject | EXECUTION OF HEADS OF AGREEMENT BETWEEN FELDA GLOBAL VENTURES KALIMANTAN SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FELDA GLOBAL VENTURES HOLDINGS BERHAD, PT RAJAWALI CAPITAL INTERNATIONAL AND PT RAJAWALI CORPORA | ||||||||||||||||||||||||||
Description | EXECUTION OF HEADS OF AGREEMENT BETWEEN FELDA GLOBAL VENTURES KALIMANTAN SDN BHD ("FGV KALIMANTAN"), A WHOLLY-OWNED SUBSIDIARY OF FGV, PT RAJAWALI CAPITAL INTERNATIONAL ("RAJAWALI CAPITAL") AND PT RAJAWALI CORPORA ("RAJAWALI CORPORA") |
||||||||||||||||||||||||||
Query Letter Contents | We refer to your Company’s announcement dated 12 June 2015, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- 1) basis of arriving at the purchase consideration and the justification thereof. The basis and justification for the exchange ratio of 0.0432494481. 2) the basis and justification of the quantum of Deposit (US$174.5 million) and whether the Deposit is refundable or forfeitable in the event the Proposed Acquisitions do not materialise. 3) breakdown of the source of funding. 4) risks in relation to the transaction and the risk factors of the interests/companies being acquired. 5) details of the vendors in particular, the name of its directors and substantial shareholders together with their respective shareholdings. 6) details and particulars of the interests/companies being acquired and the real estate/plantation land held by the companies. The financial information of the companies. In respect of the real estate that is a plantaion or an estate, kindly provide information as stated in Item 2, Part C of Appendix 10A. 7) further details on the effects of the transaction on FGV's earnings, net assets and gearing. 8) timeframe/timeline for execution of the CSPAs and the implementation of the same. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully, Cc : Market Surveillance Dept. , Securities Commission (via fax) |
||||||||||||||||||||||||||
(Capitalised terms used in this reply shall have the same meanings as those used in the announcement dated 12 June 2015, unless otherwise stated.)
Further to the reply on 16 June 2015 to the Bursa Malaysia Securities Berhad’s queries dated 15 June 2015, Kenanga Investment Bank Berhad, on behalf of the Board of Directors of FGV, wishes to provide the following additional information in relation to:
Query 1
The Company having considered the palm oil plantation transactions since 2013, the current young crop profile (average mature age of eight (8) years) of Eagle High which will complement FGV’s older crop profile averaging 15.5 years and the earnings generative potential of Eagle High, is of the view that the purchase consideration is justified.
Query 2
The quantum of the deposit was a commercial requirement from the Vendors to demonstrate a high level of commitment from FGV. In considering this requirement, the Board of FGV have taken into consideration of the following:
Query 7
In the event that the CSPAs are executed, the proforma financial effects of the Proposed Acquisitions (excluding other corporate exercises announced by FGV in 2015) are as follow:
(a) Issued and paid-up share capital
The proforma effects of the Proposed Acquisitions on the issued and paid-up share capital of FGV are as set out below:
(b) Net assets and gearing
The effects of the Proposed Acquisitions on the net assets of FGV Group could not be ascertained at this juncture and shall be provided upon the announcement of the signing of the Definitive Agreements. Notwithstanding that the Company has yet to determine the exact mix of internal resources and external financing, strictly for illustrative purposes only, the gearing of FGV Group computed based on the audited consolidated financial statements of FGV Group as at 31 December 2014, and assuming that balance of the purchase consideration (excluding Deposit) is fully financed via borrowings would increase from 0.7 times to 1.1 times (without including Land Lease Agreement (“LLA”)) and from 1.5 times to 1.8 times (with LLA).
(c) Earnings and earnings per share
The Proposed Acquisitions are not expected to have any material effect on the earnings of the FGV Group for the financial year ending 31 December 2015 in view that the Proposed Acquisitions are expected to be completed in the fourth quarter of 2015. However, the Proposed Acquisitions are expected to contribute positively to the FGV Group’s future earnings and earnings per share when the Proposed Acquisitions are completed.
Further details on the effects of the Proposed Acquisitions on FGV’s financial shall be provided upon the announcement of the signing of the Definitive Agreements.
Query 8
Barring any unforeseen circumstances, the execution of the CSPAs and the implementation of the Proposed Acquisitions are expected to be completed by the fourth quarter of 2015. The indicative timeline for the completion of the Proposed Acquisitions are set out as follows:
|
No comments:
Post a Comment