Paramon declares final dividend @ 4.5 cents

Final DividendPARAMOUNT CORPORATION BERHAD
Entitlement subjectFinal DividendEntitlement descriptionSingle-tier final dividend of 4.5 sen per ordinary share in respect of the year ended 31 December 2019.Ex-Date08 Jul 2020Entitlement date09 Jul 2020Entitlement time05:00 PMFinancial Year End31 Dec 2019PeriodShare transfer book & register of members will be to  closed from (both dates inclusive) for the purpose of determining the entitlementPayment Date23 Jul 2020a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers09 Jul 2020b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory depositc. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.Number of new shares/securities issued (units)
(If applicable)Entitlement indicatorCurrencyAnnounced CurrencyMalaysian Ringgit (MYR)Disbursed CurrencyMalaysian Ringgit (MYR)Entitlement in CurrencyMalaysian Ringgit (MYR) 0.0450
Par Value (if applicable)Registrar or Service Provider name, address, telephone noTRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD
Unit 32-01, Level 32, Tower A,
Vertical Business Suite, Avenue 3, Bangsar South,
No. 8, Jalan Kerinchi 
59200 Kuala Lumpur 
Wilayah Persekutuan 
Malaysia
Tel:0327839299
Fax:0327839222


Remarks :The above dividend, as recommended by the Board of Directors, is subject to shareholders' approval at the forthcoming Fiftieth Annual General Meeting.


Announcement InfoCompany NamePARAMOUNT CORPORATION BERHADStock NamePARAMONDate Announced27 May 2020CategoryEntitlement(Notice of Book Closure)Reference NumberENT-17052020-00001Corporate Action IDMY200517DVCA0001

0020    NETX    NETX HOLDINGS BHDGeneral Meetings: Notice of Meeting52049
Indication: Notice of Meeting
Description: Notice of Nineteenth Annual General Meeting ("19th AGM")The 19th
AGM will be conducted fully virtue at the Broadcast Venue. Kindly refer to the
Administrative Guide on the registration and voting process for the said
meeting.
Date of Meeting: 22/05/2020
Time of Meeting: 11:00 AM
Venue: Level 18, Menara Lien HoeNo. 8, Persiaran TropicanaTropicana Golf &
Country Resort47410 Petaling Jaya, Selangor Darul EhsanMalaysia
Date of General Meeting Record of Depositors: 15/05/2020
Outcome of Meeting:

You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

29/04/2020   06:59 PM

Ref Code: 202004293000350

Buy/Hold for upside anytime with a goodies in the corner.

- DRB-Hicom aims to complete Alam Flora divestment by end-2019.

- DRB-Hicom is selling its entire stake in Alam Flora Sdn Bhd to Malakoff Corp Bhd for RM944.6mil.

- Malakoff shareholders' approves of Alam Flora purchase from DRB-Hicom

- DRB-Hicom changes new financial year-end to December.

- Waiting NAP (National Automotive Policy) 2019 to be approved by cabinet was submitted to the Cabinet on 15th Nov.


Technical & Signal : 

- We still remains positive outlooks for DRB. - Potential turnaround following its prior pullback. - Improving RSI and MACD indicators

Q3 report is out on 22nd Nov 2019

5843    KPS    KUMPULAN PERANGSANG SELANGORGeneral Meetings: Notice of Meeting2233
Indication: Notice of Meeting
Description: NOTICE OF EXTRAORDINARY GENERAL MEETING
Date of Meeting: 24/07/2019
Time of Meeting: 10:00 AM
Venue: SHAH ALAM 2, SACC CONVEC, NO. 4, JALAN PERBADANAN 14/9, 40000 SHAH ALAM,
SELANGOR DARUL EHSAN
Date of General Meeting Record of Depositors: 17/07/2019
Outcome of Meeting:

You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

08/07/2019   07:00 AM

Ref Code: 201907083000135

Not yet md1961. Rights Issue date has yet to determine.

Who is dumping so much of GAMUDA shares this morning?

3204 GKENT GEORGE KENT (M) BHD
Interim Single-tier Dividend 2.0 Sen
Entitlement Details:
Interim Single-tier dividend of 2.0 sen per ordinary share
Entitlement Type: Interim Dividend
Entitlement Date and Time: 12/10/2018 05:00 PM
Year Ending/Period Ending/Ended Date: 31/01/2019
EX Date: 10/10/2018
To SCANS Date:
Payment Date: 01/11/2018

Hopefully gkent will go sky high tomorrow ⬆️

Thanks guanteik !

No dividend announced yet?

OTHERS CONTRACT FOR THE PROVISION OF ONE (1) JACK-UP DRILLING RIG AND ASSOCIATED SERVICES FOR D35, FOR ROC OIL (SARAWAK) SDN BHD
VELESTO ENERGY BERHAD

Type Announcement
Subject OTHERS
Description CONTRACT FOR THE PROVISION OF ONE (1) JACK-UP DRILLING RIG AND ASSOCIATED SERVICES FOR D35, FOR ROC OIL (SARAWAK) SDN BHD
1. INTRODUCTION

The Board of Directors of Velesto Energy Berhad ("VEB") (formerly known as UMW Oil & Gas Corporation Berhad) is pleased to announce that Velesto Drilling Sdn. Bhd. (“VED”) (formerly known as UMW Offshore Drilling Sdn. Bhd.), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn. Bhd. (“VMV”) (formerly known as UMW Malaysian Ventures Sdn. Bhd.), which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from Roc Oil (Sarawak) Sdn Bhd ("ROC") for a contract on the Provision of one (1) Jack-Up Drilling Rig and associated services for its D35 Phase 2 Infill Drilling Programme, the approval of which was received today.

2. DETAILS

The contract is for the provision of a jack-up drilling rig to undertake drilling services for ROC.

VEB Group will assign its NAGA 4 for this contract. NAGA 4 is a premium independent-leg cantilever jack-up drilling rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 400 feet.

The estimated value of the contract is USD31,038,000 and tentative commencement date of the contract is expected to commence in August 2018 for eleven (11) firm wells.

3. INFORMATION ON PARTIES

3.1 Information on VED

VED was incorporated in Malaysia under the Companies Act, 1965 on 29 July 2003 and is principally involved in the offshore drilling business and operations and other engineering services for oil and gas exploration, development and production in Malaysia and overseas.

3.1 Information on ROC

ROC is a Company incorporated in Malaysia on 18 December 2013 and focuses on the undertaking of upstream oil and gas activities.

4. FINANCIAL EFFECTS

The provision of the above mentioned services is expected to contribute positively to the earnings and net assets of VEB Group during the contract period for the financial period ending 31 December 2018.

5. RISK ASSOCIATED WITH THE CONTRACT

The risks associated with the execution of the contract are operational and execution risks, which will be mitigated and/or managed by VED, a company with a proven successful track record of undertaking drilling programmes.

6. CONFIDENTIALITY

In accordance with the Letter of Award dated 5 June 2018, the Company has received today, approval from ROC on the content and the release of this Announcement.

7. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTEREST

None of the Directors and/or the substantial shareholders of VEB and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect, in the above contract.

8. STATEMENT BY DIRECTORS

The Board of Directors of VEB is of the opinion that the award of the contract is in the best interests of VEB Group.

This announcement is dated 3 July 2018.

http://www.theedgemarkets.com/article/ekovest-fails-get-shareholders-approval-iwcity-takeover-69-vote-against-exercise?type=malaysia

Share Distribution

Capital repayment also can take place by distributing shares or stock of the company back to the investors to reduce capital. Cash repayments may substitute shares in some cases, depending on the company and situation.

Sapura Energy to tweak plan for separate listing of E&P division
14 Mar 2018 7:00 AM
BY IZWAN IDRIS

“The company has not given up on the plan to list the E&P unit on Bursa Malaysia,” a source told StarBiz. It is believed that Sapura Energy is seeking a valuation of around RM7bil for its E&P division.
PETALING JAYA: Integrated oil and gas (O&G) company Sapura Energy Bhd will have to tweak its plan for a separate listing of its exploration and production (E&P) division on Bursa Malaysia after an earlier proposal was shot down by market regulators.

Sources said the company is likely to seek a lower valuation for the unit, and rework the structure for its proposed initial public offering to comply with the chain listing requirements for listed companies.

“The company has not given up on the plan to list the E&P unit on Bursa Malaysia,” a source told StarBiz.

http://mrem.bernama.com/viewsm.php?idm=30298

KUALA LUMPUR: Construction of the Paragon@KL Northgate shopping centre in Selayang, which has a gross development value is RM3.6bil, is expected to be completed within three years starting the fourth quarter of 2017.

A joint statement among the parties involved said Anzo Holdings Bhd’s unit Harvest Court Construction Sdn Bhd would join forces with Hong Kong- and Shanghai-listed China Metallurgical Group Corp’s (MCC Group) subsidiary MCC Overseas (M) Sdn Bhd as the main contractors for the construction of the project along Jalan Kuching.

KL Northgate Sdn Bhd, the developer of the Paragon@KL Northgate mixed development, has issued a letter of intent (LOI) inviting Harvest Court Construction to jointly undertake the construction and part of the conditions is that Anzo must cooperate with MCC Overseas.

Last week Anzo announced the receipt of the letter of intent to Bursa Malaysia, saying that the contract work would amount to a maximum of RM1.21bil.

MCC Group is China’s leading multidisciplinary and multinational company under the direct supervision of China’s State Asset supervision and Administration Commission (SASAC). It is China’s pioneer in the iron and steel industries, and it has since grown into one of the world’s largest metallurgical companies.

MCC Group was one of the earliest Chinese enterprises to enter Malaysia, setting up MCC Overseas in 1992 with the mission to serve Malaysia with cutting edge technologies and services from China.

Paragon @KL Northgate is a part of an 18-acre mixed-use development with high-rise towers with a total gross floor area of 3.9 million sq ft.

The entire mixed development, whose construction is expected to be completed in six years (starting Q4 2017), includes the five-storey shopping mall with gross floor area of 1.8 million sq ft and a one-storey basement carpark as well as four storeys of podium carpark, 54 units of 3½- & 4½-storey shop offices, a block of 31-storey residence tower (400 units). a block of 27-storey hotel tower (316 rooms), one block of 30 storey hotel tower (500 rooms), one block of 37 storeys service suites (350 units), ballroom & hologram hall, cinema, ice-skating rink, virtual reality game park, indoor water theme park and hot spring recreation park.

Negotiations following the letter of intent are underway. In its Bursa announcement last week, Anzo said the time frame for finalisation of contract document and final contract pricing was estimated to be within three months.
Read more at http://www.thestar.com.my/business/business-news/2017/04/17/anzo-targets-to-complete-paragon-at-kl-northgate-by-2020/#iBjSJjUHHAKWShM5.99

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS ANZO HOLDINGS BERHAD - Letter of Intent from KL Northgate Sdn. Bhd. (Additional Information)
ANZO HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description ANZO HOLDINGS BERHAD
- Letter of Intent from KL Northgate Sdn. Bhd. (Additional Information)
(The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the announcement afore-mentioned)

Further to the Company’s announcement dated 13 April 2017, the Board of Directors of Anzo Holdings Berhad wishes to further announce that:-

MCC was incorporated on 7 May 1992 and having its principal activities in construction and property development. As of todate, the Company has undertaken many major construction projects e.g. construction of W-Hotel & Service Residences amounted to RM514 million, Sunway Velocity at Cheras, KL amounted to RM225 million, 3.5 million ton Alliance Steel Plant at Kuantan, Malaysia- China Industrial Park amounted to RM1.2 billion etc. The Directors are Mr Yang Ruobing, Mr Zhang Yu, Ms Ma Ying , Mr Yi Xiao Feng, Mr Tsen Fui Teng @ Danny, Mr Han Xu and Mr Gong Caijun. MCC is wholly-owned by MCC Overseas Ltd (Company No. 110000009934879), a company incorporated in China. The existing share capital of the Company is RM8,000,000.00 divided into 8,000,000 shares.

Subject to finalization of contract pricing and agreement of terms and conditions, HCCSB-MCC will be the appointed as main contractor to jointly undertake the construction of the project. The scope of work include, Foundation of piling works; Basement and upper floor carparks inclusive of Mechanical & Electrical (“M&E”) services; Main buildings inclusive of Mechanical & Electrical works, Furniture, Fixtures & Equipment, façade & cladding and ancillary works; and Infrastructure work inclusive of earthworks, landscaping, facilities, flyover & ramps.

This announcement is dated 17 April 2017.

0.055 cents

AirAsia boleh !

Apparently..1 director has disposed 1.5 million shares on 12 Jan 2017

Changes in Director's Interest (S135)

OPENSYS (M) BERHAD

Information Compiled By KLSE

Particulars of Director

Name MR TAN KEE CHUNG
Descriptions(Class & nominal value) Ordinary Shares of RM0.10 each
Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted ($$)
Disposed
12/01/2017
320,000
0.370
Disposed
12/01/2017
219,122
0.380
Disposed
12/01/2017
319,000
0.375
Disposed
12/01/2017
214,333
0.380
Acquired
12/01/2017
219,122
0.380
Acquired
12/01/2017
214,333
0.380

Circumstances by reason of which change has occurred Acquisition & Disposal (Indirect Interest) of Shares
Nature of interest Direct & Indirect
Consideration (if any)
Total no of securities after change

Direct (units) 63,355,095
Direct (%) 21.268
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0.000
Date of notice 17/01/2017

2.58 now

2.58 now

0.32 cents now

Target price ?

3.03 today

Mbsb is up 0.925 cents

PETALING JAYA: After two failed merger attempts, Malaysia Building Society Bhd (MBSB) is rumoured to be in merger and acquisition talks again, this time with Asian Finance Bank Bhd (AFB), sources say.

AFB is one of the three stand-alone Middle Eastern-based Islamic banks operating in Malaysia.

“There is interest and parties from both sides are said to be waiting for the central bank’s green light to begin negotiations officially,” said a banking source.

“However, the challenge would be meeting the demands of AFB’s diverse shareholders,” noted a banker.

It is known in banking circles that some of AFB’s shareholders are looking to exit and the bank was reportedly in talks for their stakes to be acquired by Malaysian Industrial Development Finance Bhd earlier this year. But the corporate exercise did not materialise, according to banking sources.

AFB is backed by a consortium of shareholders, namely, Qatar Islamic Bank (QIB) with the largest stake at 66.67%, followed by Saudi Arabia’s RUSD Investment Bank (16.67%), Yemen’s Tadhamon International Islamic Bank (10%) and Financial Assets Bahrain WLL (6.67%).

Notably, the bank has not appointed a chief executive officer since the retirement of its previous head honcho Datuk Mohamed Azahari Mohamed Kamil in January this year based on its website – signalling a “transitory period” that could lead to the likelihood of changes in shareholding at the bank.

The bank is currently managed by an Interim Management Committee, which is chaired by treasurer Azidy Daud.

With a capital base of RM532.5mil and assets totalling RM2.62bil, it is the smallest Middle Eastern bank in the country after Kuwait Finance House (M) Bhd and Saudi Arabia’s Al Rajhi Banking & Investment Corp (M) Bhd. AFB has two branches, one in Kuala Lumpur and the other in Johor Baru.

It was mostly loss-making since 2007 before turning around in financial year 2013 after switching its business model to the more stable corporate funding as opposed to small- and medium-sized enterprises previously. The bank made a net profit of RM1.54mil for the second quarter ended June 30, 2016.

The future of Middle Eastern banks in the country has come into focus in recent years because of their paltry returns as fierce competition erodes margins.

In 2014, StarBiz had reported that Qatar-based QIB was looking to divest its strategic stake in AFB. QIB was first linked to the talk that it was seeking to exit a few years ago when Bank Negara mooted the development of a mega-Islamic bank. AFB was said to be a likely candidate for the licence, but that idea did not take off.

MBSB, meanwhile, has been trying to transform into an Islamic bank in one way or another to increase its competitiveness.

In February this year, the non-bank lender aborted its proposed merger with Bank Muamalat Malaysia Bhd, reportedly due to disagreements over valuation and control.

Prior to that, MBSB was part of a failed three-way merger with CIMB Group Holdings Bhd and RHB Capital Bhd that was called off in January last year amid falling oil prices.

Without a merger partner, the company can still grow on its own, albeit at a slower pace.

MBSB’s single-largest shareholder is the Employees Provident Fund (EPF) with a 65.4% stake.

EPF chief executive officer Datuk Shahril Ridza Ridzuan recently said that the non-bank financial provider was working with Bank Negara to revamp to bring it up to bank standards and was looking at a solution towards entering the mainstream market.

The fund injected RM1.3bil into the company to subscribe to its portion of the company’s rights issue in March to raise up to RM2bil to strengthen its core capital and increase its leverage ratio to at least 12.5%, in compliance with regulatory requirements hoping to secure a banking licence in the next two or three years.

The other substantial shareholder in the company is Tan Sri Chua Ma Yu, whose stake is now 8.97% from 6.06% through subscription of the rights issue.

The seasoned investor emerged as a substantial shareholder in MBSB in March this year.

MBSB, which has assets totalling RM42.57bil, has a strategic focus to increase its corporate loans/financing segment.

In the second quarter ended June 30, it posted a lower net profit of RM63mil, down 26.3% from a year ago due to a higher allowance for impairment losses on loans, advances and financing.

Corporate loans accounted for 16.9% of total loans as at that period, while personal financing was at 66.2% of its loan book and mortgage financing at 15.7%.

Its shares are down 32.91% year-to-date. The stock ended yesterday at 91.5 sen, up 15 sen with 3.58 million shares being done. At this level, it is trading at a price-to-book value of 0.53 times.

M & A talks

Interim Dividend

PRESS METAL BERHAD

EX-date 10 Nov 2016
Entitlement date 14 Nov 2016
Entitlement time 05:00 PM
Entitlement subject Interim Dividend
Entitlement description Third Interim Single Tier Dividend of 4% per ordinary share for the financial year ending 31 December 2016
Period of interest payment to
Financial Year End 31 Dec 2016
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD
Unit 32-01, Level 32, Tower A,
Vertical Business Suite, Avenue 3, Bangsar South,
No. 8, Jalan Kerinchi
59200 Kuala Lumpur
Tel:0327839299
Fax:0327839222
Payment date 25 Nov 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 14 Nov 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator Percentage
Entitlement in Percentage (%) 4
Par Value Malaysian Ringgit (MYR) 0.500


Remarks :
1) The third interim dividend of 4% (or 1 sen) is derived based on the enlarged share capital after the Proposed Share Split and Proposed Bonus Issue.

2) The holders of the Warrants C must exercise their respective outstanding Warrants C and lodge their duly completed and signed exercise form together with the exercise monies with the share registrar of the Company, Tricor Investor & Issuing House Services Sdn Bhd by 5.00 p.m. on 1 November 2016 in order to be entitled to the Third Interim Dividend.

3) The entitlement date for this dividend is after the entitlement date of the Subdivision and Bonus Issue which were announced on 25 October 2016 ("Subdivision and BI Announcements"). For details of the Subdivision and Bonus Issue, please refer to the Subdivision and BI Announcements accordingly.

Hello, Celine Loo! | Site:
Malaysia
| Logout
HomeNews & BlogsStock QuotePrice TargetPortfolioHow to InvestMember Services
News Headlines | Blog Headlines | Announcements | Dividends | Bonus, Split & Consolidation
HighlightsPerform research on stocks before trading. Check out the Price Target page.
1

Kenanga Research & Investment
Author: kiasutrader | Latest post: Thu, 27 Oct 2016, 09:37 AM

Blog Headlines (by Date) Blog Index
Press Metal Berhad - Share Split and Bonus Issue
Author: kiasutrader | Publish date: Tue, 12 Jul 2016, 10:06 AM

Press Metal Berhad (PMETAL) has proposed to undertake: (i) 1:2 share split, (ii) bonus issue of 2 for 5 subdivided shares, and (iii) an internal reorganization into an investment holding company. We are positive on the proposal as it improves share liquidity while the reorganization will further streamline operating segments and taxation structure. Maintain earnings and OUTPERFORM call, while we upgrade our TP to RM4.21 (from RM3.65) on expected post-expansion re-rating.

Split and bonus. PMETAL has announced the following proposals:

(i) Share split involving the subdivision of every 1 ordinary share of RM0.50 each into 2 ordinary shares of RM0.25 each (subdivided shares).

(ii) Bonus issue of up to 1.15m new bonus shares on the basis of 2 bonus shares for every 5 subdivided shares.

(iii) Proposed increase in authorised share capital from RM1.0b comprising 2.0b PMETAL shares to RM2.0b comprising 8.0b subdivided shares.

(iv) Amendments to Memorandum and Articles of Association to facilitate the proposals.

(v) Proposed internal reorganization via share exchange of all subdivided shares and warrants into a new investment holding company (Newco) on the basis of 1 Newco share for every 1 subdivided share and 1 Newco warrant for every 1 existing PMETAL warrant and proposed transfer of listing to Newco shares and warrants.

Adding liquidity. We are positive on the proposed share split and bonus as we concur with management that the move should improve the liquidity of PMETAL shares and reward existing shareholders whilst maintaining their equity interest. We are also optimistic on the proposed reorganization into an investment holding company as this should provide more flexibility in its operating segments, reduce legal/creditor risk, and streamline its tax structure.

Maintain FY16-17E CNP at RM343-457m as the proposals have no earnings impact.

Maintain OUTPERFORM with higher TP of RM4.21 (ex-split/bonus TP: RM1.50). We reiterate our OUTPERFORM call as we believe PMETAL shares are likely to continue re-rating in view of its latest capacity expansion (Samalaju Phase 3) which raises FY17E total smelting capacity by 27% to 760k MT/year. As a result, we raise our TP to RM4.21 (exsplit/ bonus TP: RM1.50) from RM3.65, based on a higher Fwd. PER of 12.7x (from 11.0x) applied to unchanged FY17E FD EPS of 33.2 sen (exsplit/ bonus: 11.8 sen). Our Fwd. PER of 12.7x is derived from FY17E capacity growth of 27% added to PMETAL’s historical implied PER of 10.0x, after excluding previous years’ capacity growth. The Fwd. PER of 12.7x implies a lower discount of 13% against the FBM70’s Fwd. PER of 14.6x (previous discount: 21%), which we think is fair due to PMETAL’s rerating potential.

Source: Kenanga Research - 12 Jul 2016

KUALA LUMPUR: Bank Negara Malaysia (BNM) has approved Daiwa Securities Group Inc’s plan to acquire a minority stake in Affin Hwang Investment Bank Bhd.

In a filing with Bursa Malaysia on Tuesday, Affin said the approval, however, was subject to finalisation of the shareholders agreement and related documentations to effect the proposal in accordance with the approval.

“Another condition was Affin Hwang Investment Bank must obtain the necessary approvals from other regulatory authorities, including the Securities Commission, with regard to the proposed change in shareholder,” it said.

Affin said it and Daiwa Securities would review and deliberate on the terms and conditions of BNM’s approval towards the finalisation of the proposal.

“We will make further announcements on any subsequent development soon,” it said. - Bernama

The Meaning of Share Buybacks
A stock buyback, also known as a "share repurchase", is a company's buying back its shares from the marketplace. You can think of a buyback as a company investing in itself, or using its cash to buy its own shares. The idea is simple: because a company can't act as its own shareholder, repurchased shares are absorbed by the company, and the number of outstanding shares on the market is reduced. When this happens, the relative ownership stake of each investor increases because there are fewer shares, or claims, on the earnings of the company.

Typically, buybacks are carried out in one of two ways:

1. Tender Offer
Shareholders may be presented with a tender offer by the company to submit, or tender, a portion or all of their shares within a certain time frame. The tender offer will stipulate both the number of shares the company is looking to repurchase and the price range they are willing to pay (almost always at a premium to the market price). When investors take up the offer, they will state the number of shares they want to tender along with the price they are willing to accept. Once the company has received all of the offers, it will find the right mix to buy the shares at the lowest cost.

2. Open Market
The second alternative a company has is to buy shares on the open market, just like an individual investor would, at the market price. It is important to note, however, that when a company announces a buyback it is usually perceived by the market as a positive thing, which often causes the share price to shoot up

TBS = Sungai Buloh Integrated Terrminal

http://www.theedgemarkets.com/my/article/press-metal-rises-115-higher-revenue-anticipation

Interviewed J Young tells Focus Malaysia issue on 8th Oct .

Fair value of 0.34 cents

GPACKET sees profits in Q3

0.215 cents now..so happy

OCR expects turnaround by next year
By TEE LIN SAY linsay@thestar.com.my
StarBiz
19 September 2016

With construction and property projects worth RM1bil in hand, O&C Resources Bhd (OCR) managing director Billy Ong Kah Hoe believes the worst is over for the company,
Formerly a condom-maker known as Takaso Resources Bhd, the company had seen its share price taking a beating, as investors sentiment turned sour on property stocks.
“This year has been about putting our house in order. We have been working hard to secure projects. I believe that by next year, with what we have now, we can see a turnaround in the earnings,” said Ong.
Ong planned to launch OCR’s maiden project by the end of this year.
This comprised a block of service apartments in Jalan Yap Kwan Seng, some 700m from the Petronas Twin Towers.
The project has a gross development value (GDV) of RM200mil, and will be priced around RM1,400 to RM1,600 per sq ft.
“While it’s true that the property market is still soft, we are seeing small signs of improvement. Furthermore, if we can launch at competitive pricing, I am confident we can garner a decent take-up rate,” said Ong.
OCR’s stock price had underperformed, as investors expect to see earnings improvements.
Down 24% on a year-to-date basis, and at its current price of 38 sen, OCR is now a small cap as its market capitalisation is RM90.4mil.
While OCR has diversified into property development, it still maintains Takaso’s old business of manufacturing rubber and baby products.
It also trades in baby apparel, infant milk, toiletries, recycling, as well as general, electrical and mechanical products.
Ong came on board the company late last year after the mid-sized developer OCR Land Holdings Sdn Bhd acquired a 13.81% stake in Takaso.
He owns a 6.77% stake in OCR.
OCR Land and Ong control some 19.9% of the company.
Ong’s confidence in the turnaround of OCR stemmed from a project management consultancy project it secured last week.
On Sept 8, OCR’s 70% equity subsidiary, Pangkal Teguh Sdn Bhd (PTSB), received a letter of award for its appointment as project management consultant (PMC) from Yayasan Pahang for an affordable housing development scheme in Pahang which consist of 25,000 units of residential properties.
Spanning over seven years, the value for the PMC award is at average of 4.8% of the GDV of the project.
OCR said in a filing with Bursa Malaysia that the total estimated profit attributable to OCR from the PMC was RM91mil over the seven-year construction period.
This contract is expected to start contributing from the financial year ending July 31, 2017.
PMC contracts are said to carry decent profit margins.
“We have been working on getting this contract for the last 12 months.
“We are grateful for the working relationship we have with the Pahang state government all this while,” said Ong.
He said that OCR had stationed some of its people in Pahang and work had begun.
For the PMC contract, the fees are charged RM5,500 for each property selling at the price of RM120,000 and below and RM8,000 for each property selling at the prices between RM120,000 and RM150,000.
This project is significant to OCR, considering that it is still in the red as of the third quarter to April 30.
For the period, the company recorded losses of RM1.3mil on the back of revenue of RM8.6mil.
For the nine-month period, the company is in the red with losses of RM732,000 on the back of RM28.67mil in revenue.
Adding traction was another PR1MA project which OCR had secured in August.
On Aug 2, OCR announced that its 70% equity subsidiary, Kita Mampan Sdn Bhd, through its associate company, AES Builders Sdn Bhd, had entered into a master en-bloc purchase agreement with PR1MA and Mampan ESA (Malacca) Sdn Bhd to build and develop PR1MA @ Sri Gading at Alor Gajah, Malacca, comprising of 554 residential units with five apartment blocks of 11 storeys each and one apartment block of 12 storeys at a total contract value of RM101.08mil.
OCR has an effective 34.3% stake in AES Builders. AES will be the main contractor of the project to be completed within 36 months from commencement.
The gross development cost of the project for AES is RM83mil, out of which OCR’s profit entitlement based on its stake in AES is RM6.174mil.

You are right ..Big Brother

OTHERS AWC BERHAD ("AWC" OR "THE COMPANY") - PROPOSED FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 30 JUNE 2016
AWC BERHAD

Type Announcement
Subject OTHERS
Description AWC BERHAD ("AWC" OR "THE COMPANY")
- PROPOSED FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 30 JUNE 2016
The Company is pleased to announce that the Board of Directors of AWC has recommended a Final Single-Tier Dividend in respect of the financial year ended 30 June 2016 of 1.0 sen per ordinary share. The proposed dividend is subject to the approval of the shareholders of the Company at the forthcoming Annual General Meeting.

The entitlement and payment dates shall be finalised by the Company at a later date and announced in due course.

Together with the Single-Tier Special Dividend of 1.5 sen per ordinary share, which has been paid to the shareholders of the Company on 1 July 2016, it will bring the total dividend payout in respect of the financial year ended 30 June 2016 to 2.5 sen per ordinary share.

This announcement is dated 23 August 2016.

OTHERS AWC BERHAD Title of the Contract:- "Pengurusan Fasiliti Bagi Terminal Bersepadu Selatan, Bandar Tasik Selatan, Kuala Lumpur ("Subcontract") - Notification of Deferment of Commencement Date of Subcontract
AWC BERHAD

Type Announcement
Subject OTHERS
Description AWC BERHAD

Title of the Contract:-
"Pengurusan Fasiliti Bagi Terminal Bersepadu Selatan, Bandar Tasik Selatan, Kuala Lumpur ("Subcontract")
- Notification of Deferment of Commencement Date of Subcontract
1. INTRODUCTION

Reference is made to the announcement released by AWC Berhad (“AWC”) on 9 June 2016 informing that AWC had on the same date received, accepted, and returned a Letter for Acceptance of Tender from the Government of Malaysia (“GOM”) for the facilities management of Terminal Bersepadu Selatan (“TBS”) in Bandar Tasik Selatan, Kuala Lumpur.

The fee for the maintenance of TBS is approximately RM130 million (including Goods and Services Tax) over the maintenance period of five (5) years. The Subcontract was supposed to commence on 1 September 2016, for a period of five (5) years, ending 31 August 2021.

The Board of Directors of AWC now wishes to announce that we have, on today’s date, received a letter from the GOM that the commencement date for the maintenance of TBS has been DEFERRED pending the resolution of certain operational and technical matters between the GOM and the existing contractor for TBS (“the Deferment”).

The letter from the GOM referred to above did not state the new commencement date for the Subcontract.

2. FINANCIAL EFFECTS

The securing of the Subcontract will contribute positively to the financial performance of AWC over the duration of the Subcontract. The Deferment of the Subcontract to a date to be determined later after consultation with the GOM is not expected to impact the overall profitability of the Subcontract except that the recognition of revenues and profits from the Subcontract will only commence from the final date of commencement.

This announcement is dated 26 August 2016.

OTHERS ALUMINIUM COMPANY OF MALAYSIA BERHAD ("ALCOM" OR "THE COMPANY") PROPOSED SHARE ACQUISITION; AND PROPOSED TAKE-OVER OFFER (COLLECTIVELY REFERRED TO AS THE PROPOSALS)
ALUMINIUM COMPANY OF MALAYSIA BERHAD

Type Announcement
Subject OTHERS
Description ALUMINIUM COMPANY OF MALAYSIA BERHAD ("ALCOM" OR "THE COMPANY")
PROPOSED SHARE ACQUISITION; AND
PROPOSED TAKE-OVER OFFER
(COLLECTIVELY REFERRED TO AS THE PROPOSALS)
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 18 August 2016 in relation to the Proposals.)

Reference is made to the Company’s announcement dated 18 August 2016 in relation to the Proposals.

Upon the sale and purchase agreement in relation to the Proposed Share Acquisition becoming unconditional, Towerpack will be required to extend a mandatory take-over offer to acquire the remaining voting shares of Alcom not already owned by Towerpack and persons acting in concert with it (“Offer Shares”) at RM0.61 per Alcom Share (“Offer”).

In accordance with Paragraph 3.06 of the Rules, the Board has resolved to appoint Mercury Securities Sdn Bhd as the Independent Adviser on the Offer.

This announcement is dated 25 August 2016.

I agree with Tomyam..thanks for your advice

Same goes with me here.. chew

Daya Materials secures three-year Saudi job
http://www.thestar.com.my/business/business-news/2016/08/16/daya-materials-secures-three-year-saudi-job/

Sudah naik 0.255 cents this morning