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2013-06-28 11:20 | Report Abuse
CPE annoucement
27 June 2013
China Private Equity Investment Holdings Limited (AIM: CPEH)
("CPE" or the "Company" or "Group")
Final Results for the year ended 31 December 2012
Highlights
· Consolidated net asset value of US$23.2 million (2011: US$33.4 million)
· Consolidated net asset value per share of US$0.30 (2011: US$0.44)
· Continued exploration of opportunities for long term growth despite external pressures
· Key long-term strategic alliance agreed with Hong Kong-based independent asset management firm Gen2 Capital Partners Limited - since renamed Adamas Asset Management ("Adamas").
· Successful secondary listing on the Frankfurt exchange, providing additional liquidity in trading of Company's shares
· Stakes acquired in two companies listed on Bursa Malaysia, Patimas Computer Berhad ("Patimas") during January 2013, and Asia Bioenergy Technologies Berhad ("ABT") in May 2013.
· Two key holdings - Enfinium International Holdings Limited ("Enfinium") and Fortel Technology Holdings Limited ("Fortel") impacted financial results, but seen by the Board as temporary setback.
John Croft, CPE's Chairman and CEO commented: "With little relief in the pressure on global economies, and continued heightened risk in the private equity investment sector, the year to 31 December 2012 was undoubtedly a challenging period for CPE. There is no doubt it is taking longer than we hoped for our investments to generate returns for our investors, and while we remain confident that positive returns will ultimately be delivered, we have taken a strategic decision to target much of our new investment in assets with an income stream either in the private equity sector or, as evidenced by our recent investments in Patimas and ABT, in suitable publicly-quoted companies. We believe this will provide a better balance between longer term returns and liquid assets for our investment portfolio.
"It is in support of this strategy that we are building closer ties with Adamas, which typically invests in high yield assets in Greater China. Our plan is to co-invest with Adamas where synergies are strong, and to share resources as much as possible to improve efficiencies within both businesses.
"I remain confident that our strategy shift towards more liquid and income-generating assets, underpinned by our strong relationship with Adamas, will deliver improved returns for shareholders, in the medium term."
For further information, please visit www.cpe-invest.com or contact:
Maria Leung
China Private Equity Investment Holdings Ltd
+852 2801 6770
Azhic Basirov / Siobhan Sergeant,
Nominated Adviser and Broker
Smith & Williamson Corporate Finance Ltd
+44 (0) 20 7131 4000
Allan Piper
Investor Relations (Hong Kong)
First City Public Relations
+852 2854 2666
Simon Hudson
Investor Relations (London)
Tavistock Communications
+44 (0) 20 7920 3170
www.cpe-invest.com
http://www.moneyam.com/action/news/showArticle?id=4621877
2013-06-11 20:42 | Report Abuse
I am not protecting patimas ...but the event is true and there is time and place ....also i am not like u bigdaddy who spend ur time just writing negative comments
2013-06-11 20:29 | Report Abuse
The event mentioned in bernama can not be fake...the only explanation is that CPE is behind the deal....you can see CPE history...they made alot merging in asian companies before ..
2013-06-11 20:23 | Report Abuse
May be CPE will announce something
2013-06-11 20:21 | Report Abuse
OTHERS PATIMAS COMPUTERS BERHAD (“Patimas” or “the Company”) - Articles Entitled: “Tencent is reportedly buying a 15% stake in Malaysian ICT provider Patimas Computers” and “HK’s Tencent, Patimas in equity partnership”
PATIMAS COMPUTERS BERHAD
Type Announcement
Subject OTHERS
Description PATIMAS COMPUTERS BERHAD (“Patimas” or “the Company”)
- Articles Entitled: “Tencent is reportedly buying a 15% stake in Malaysian ICT provider Patimas Computers” and “HK’s Tencent, Patimas in equity partnership”
Reference is made to the articles entitled “Tencent is reportedly buying a 15% stake in Malaysian ICT provider Patimas Computers” appearing in The Next Web (http://thenextweb.com) and “HK’s Tencent, Patimas in equity partnership” appearing in Business Times (http://www.btimes.com.my) on 10 June 2013.
After due inquiry with our Directors, we wish to inform that our Directors has not received any offer from, or are in any negotiation with, Tencent Holdings Limited :
1. to acquire their shares in Patimas or in respect of any other business arrangement
2. on the proposed equity partnership to set up a data centre in Malaysia
The Company will also write a letter to CPE Growth Capital Limited, a major shareholder of the Company, to seek for their confirmation whether they are in discussion or negotiation with Tencent Holdings Limited in relation to the above matters. Further announcement will be made to Bursa Malaysia Securities Berhad once the Company receive the reply from CPE Growth Capital Limited.
This announcement is dated 11 June 2013.
2013-05-14 18:41 | Report Abuse
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR Patimas Computers Berhad (“Patimas” or “the Company”) Restraining order under Section 176 (10) of the Companies Act, 1965
PATIMAS COMPUTERS BERHAD
Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description Patimas Computers Berhad (“Patimas” or “the Company”)
Restraining order under Section 176 (10) of the Companies Act, 1965
The Company wishes to announce that on 9 May 2013, the Court has granted an order, inter alia, that all proceedings and/or actions and/or any further proceedings in any actions or proceedings against Patimas and its subsidiaries namely, Patimas Dot Com Sdn Bhd; Patimas HPD Systems Sdn Bhd; and Patimas Outsourcing Services Sdn Bhd including all winding up proceedings, receiverships, any execution proceedings including distress, arbitration, or the appointment of receivers and managers as well as any intended or further proceedings be forthwith restrained and stayed pursuant to Section 176 (10) of the Companies Act, 1965 for a period of six (6) months from 9 May 2013, except by leave by the Court and subject to such terms as the Court may impose (“Restraining Order”).
The Group’s businesses are currently experiencing cash constraints due to softening of the computer related products and services market and competitiveness in the computer industry as a result of the economic slowdown commencing the second half of 2008. On 1 November 2012, Patimas had made an announcement that it is considered a PN 17 company pursuant to the Main Market Listing Requirements. The PN17 criteria was triggered as a result of Patimas’ latest financial statements for the financial period of 1 January 2011 to 31 March 2012 wherein the auditors have expressed a disclaimer of opinion on Patimas’ latest audited financial statements for the aforesaid financial period.
As a result, the Group is unable to comply with its repayment obligations to its secured lenders and creditors. A number of the Group’s creditors, secured or otherwise, have commenced or threatened to commence legal proceedings against the Group for recovery of their debts. The Restraining Order will allow Patimas to focus on formalizing the proposed schemes of arrangements unhindered without having to divert its attention and resources to defending and dealing with any proceeding and/or actions from the Group’s creditors.
The Restraining Order is not expected to have any material impact on the financial and operational matters of Patimas Group.
The details of the proposed schemes of arrangement will be announced in due course.
This announcement is dated 14 May 2013.
2013-05-14 18:18 | Report Abuse
OTHERS PATIMAS COMPUTERS BERHAD ("Patimas" OR "the Company") COMPLETION OF INVESTIGATIVE AUDIT REPORT BY UHY ADVISORY (KL) SDN BHD
PATIMAS COMPUTERS BERHAD
Type Announcement
Subject OTHERS
Description PATIMAS COMPUTERS BERHAD ("Patimas" OR "the Company")
COMPLETION OF INVESTIGATIVE AUDIT REPORT BY UHY ADVISORY (KL) SDN BHD
Reference is made to the Company’s announcement dated 29 March 2013.
The Board of Directors of Patimas wishes to further announce the summarised key findings of the Investigative Audit Report as set out in the attachment herein.
This announcement is made on 14 May 2013.
Attachments
Anncmt on Findings of Investigative Audit.pdf
281 KB
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 14 May 2013
Category General Announcement
Reference No CC-130514-54744
2013-05-09 00:04 | Report Abuse
CPE issue new share to get money in order to buy stake in this company ....note that it also a tech company ...and they did that just after the election...
2013-05-08 23:14 | Report Abuse
Don't know,,,but why CPE bought another Malaysian penny stock tech company?
2013-05-08 22:22 | Report Abuse
China Private Equity Investment Holdings Limited ("CPE") announces it completed the purchase of 50 million shares in Asia Bioenergy Technologies Berhad ("ABT") on 6 May 2013. CPE paid a total of MYR 3.5 million (approx. US$1.1 million) at MYR 0.07 per share, in cash, for the shares representing 13.08% of the total shares outstanding in ABT.
ABT's shares are traded on the main market of Bursa Malaysia, (Stock Code: 0150), and as at 07 May 2013, ABT shares were trading at MYR 0.07 each, valuing CPE's investment was MYR 3.5 million (equivalent to US$1.1 million).
ABT is an investment holding company engaged in technology incubation which invests in information technology as well as biotechnology opportunities. The investment represents an opportunity for CPE to provide ABT investee companies with access to China's booming TMT and financial services market, marrying the broader Asian access of ABT with CPE's specialist expertise in Greater China.
ABT has a current market capitalisation of MYR28.7 million (US$9.6 million) and for the financial year to 31 January 2012 it made a net loss of MYR18.4 million (US$6.2 million). ABT has also announced unaudited figures for the financial year to 31 January 2013, where it made a loss of MYR4.4 million (US$1.5 million). Further details on ABT can be found on the company website: http://www.asiabio.com.my.
The investment in ABT follows the placing last month of 50 million Ordinary Shares in CPE at a price of US$0.08 per share to raise a total of US$4 million for strategic investment and working capital requirements
CPE Executive Chairman John Croft said: "We are pleased to be announcing this new investment in ABT, particularly since it represents another step in our strategy of working alongside strategic partners to invest in broad Asian opportunities that provide access to growth in Greater China. This fits perfectly with our primary focus on TMT or financial service opportunities."
For further information on CPE, please visit www.cpe-invest.com or contact:
Maria Leung
China Private Equity Investment Holdings Ltd:
+852 2801 6770
Azhic Basirov / Siobhan Sergeant,
Smith & Williamson Corporate Finance Ltd:
+44 (0) 20 7131 4000
Allan Piper
First City Public Relations (Hong Kong):
+852 2854 2666
Simon Hudson
Tavistock Communications (London):
+44 (0) 20 7920 3170
www.cpe-invest.com
2013-04-18 19:30 | Report Abuse
Change in Boardroom
PATIMAS COMPUTERS BERHAD
Date of change 18/04/2013
Name DATUK NUR JAZLAN BIN MOHAMED
Age 47
Nationality MALAYSIAN
Designation Non-Executive Director
Directorate Non Independent & Non Executive
Type of change Resignation
Reason To facilitate selection of Datuk Nur Jazlan bin Mohamed as a candidate for Barisan Nasional to contest for the 13th General Election next month.
Details of any disagreement that he/she has with the Board of Directors No
Whether there are any matters that need to be brought to the attention of the shareholders No
Qualifications He is a Fellow of the Association of Chartered Certified Accountants (ACCA), United Kingdom.
Working experience and occupation He was a Council Member and Chairman of the Public Relations Committee of the Malaysian Institute of Accountants (MIA) as well as a Council Member of the ASEAN Federation of Accountants (AFA)
In addition to his corporate experience in the financial arena, Datuk Nur Jazlan is also active in politics. He is a Member of Parliament for the Pulai Parliamentary Constituency, Johor, the Head of UMNO Pulai and Chairman of Barisan National for the division. He was an EXCO Member of UMNO youth from 1996 to 2004. He is currently Chairman of UDA Holdings Berhad and also a Director of various public companies.
Directorship of public companies (if any) 1. United Malayan Land Berhad
2. UDA Holdings Berhad
Family relationship with any director and/or major shareholder of the listed issuer Nil
Any conflict of interests that he/she has with the listed issuer Nil
Details of any interest in the securities of the listed issuer or its subsidiaries Nil
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 18 Apr 2013
Category Change in Boardroom
Reference No CC-130416-53387
2013-04-11 17:24 | Report Abuse
From Google & Patimas twitter
http://www.zdnet.com/my/malaysia-adopts-google-apps-chromebooks-for-education-7000013847/
2013-03-30 08:24 | Report Abuse
They dont have much time left...last time the court gave the company 60 days and this was on 18/2/2013 if I am not mistaken...
2013-03-29 19:15 | Report Abuse
I think by today they finish the restructuring of the company already
2013-03-29 19:08 | Report Abuse
Change in Boardroom
PATIMAS COMPUTERS BERHAD
Date of change 01/04/2013
Name Dato' Ng Back Heang
Age 59
Nationality Malaysian
Designation Non-Executive Director
Directorate Non Independent & Non Executive
Type of change Resignation
Reason Due to his other work and personal commitment which require his full attention.
Details of any disagreement that he/she has with the Board of Directors No
Whether there are any matters that need to be brought to the attention of the shareholders No
Qualifications i) Member of British Computer Society
ii) Fellow of the Association of International Accountants, United Kingdom
Working experience and occupation i) Country Manager, Local IT Company (1984-1992)
ii) Ship Repair and Builder Company (1975-1984)
Directorship of public companies (if any) Nil
Family relationship with any director and/or major shareholder of the listed issuer Nil
Any conflict of interests that he/she has with the listed issuer Nil
Details of any interest in the securities of the listed issuer or its subsidiaries Direct interest of 73,160 ordinary shares
Indirect interest of 2,787,300 ordinary shares
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 29 Mar 2013
Category Change in Boardroom
Reference No CC-130329-63880
2013-03-29 19:07 | Report Abuse
Change in Boardroom
PATIMAS COMPUTERS BERHAD
Date of change 01/04/2013
Name Law Siew Ngoh
Age 52
Nationality Malaysian
Designation Non-Executive Director
Directorate Non Independent & Non Executive
Type of change Resignation
Reason Due to her other work and personal commitment which require her full attention.
Details of any disagreement that he/she has with the Board of Directors No
Whether there are any matters that need to be brought to the attention of the shareholders No
Qualifications Bachelor of Economics from Universiti Kebangsaan Malaysia
Working experience and occupation Madam Law has more than 20 years of experience in the IT industry and is part of the pioneering team that built Patimas. In 1988 she joined Patimas Business Solution Sdn. Bhd., a subsidiary of Patimas, as the Finance Manager and subsequently rose to the rank of Group Financial Controller in 1992. Throughout her career with Patimas, she has played a key role in the management of the Group’s finance and business operations.
Directorship of public companies (if any) Nil
Family relationship with any director and/or major shareholder of the listed issuer Nil
Any conflict of interests that he/she has with the listed issuer Nil
Details of any interest in the securities of the listed issuer or its subsidiaries 30 Ordinary shares
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 29 Mar 2013
Category Change in Boardroom
Reference No CC-130329-63661
2013-03-29 19:07 | Report Abuse
Change in Boardroom
PATIMAS COMPUTERS BERHAD
Date of change 01/04/2013
Name Robert Daniel Tan Kim Leng
Age 56
Nationality Malaysian
Designation Non-Executive Director
Directorate Non Independent & Non Executive
Type of change Resignation
Reason Due to his other work and personal commitment which require his full attention.
Details of any disagreement that he/she has with the Board of Directors No
Whether there are any matters that need to be brought to the attention of the shareholders No
Qualifications Masters of Business Administration from Southern Cross University, Australia
Working experience and occupation Prior to his appointment on the board of Patimas, he was a Director of Patimas Business Solutions Sdn. Bhd., a subsidiary of Patimas, which he founded in 1987. Prior to that, he owned a company that provided various business application software for integrated accounting, payroll and stockbroking applications, which were implemented in many corporations in Malaysia and Singapore.
Directorship of public companies (if any) Nil
Family relationship with any director and/or major shareholder of the listed issuer Nil
Any conflict of interests that he/she has with the listed issuer Nil
Details of any interest in the securities of the listed issuer or its subsidiaries 10 ordinary shares
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 29 Mar 2013
Category Change in Boardroom
Reference No CC-130329-63179
2013-03-29 19:06 | Report Abuse
OTHERS PATIMAS COMPUTERS BERHAD ("Patimas" OR "the Company") COMPLETION OF INVESTIGATIVE AUDIT REPORT BY UHY ADVISORY (KL) SDN BHD
PATIMAS COMPUTERS BERHAD
Type Announcement
Subject OTHERS
Description PATIMAS COMPUTERS BERHAD ("Patimas" OR "the Company")
COMPLETION OF INVESTIGATIVE AUDIT REPORT BY UHY ADVISORY (KL) SDN BHD
The Board of Directors of Patimas wishes to announce that the Report of the Investigative Audit on the financial position of Patimas Group to identify any potential irregularities under the directive of Bursa Malaysia Securities Berhad has been completed and presented to the Board.
The Board of Directors will seek the advice of the Company’s legal advisors before announcing the findings of the Investigative Audit Report and the next course of action to be taken.
This announcement is made on 29 March 2013.
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 29 Mar 2013
Category General Announcement
Reference No CC-130329-62067
2013-03-29 19:04 | Report Abuse
OTHERS PATIMAS COMPUTERS BERHAD (“PATIMAS” or “the Company”) i) Special Notice Pursuant to Sections 128 and 153 of the Companies Act, 1965 ii) Requisition of Extraordinary General Meeting ("EGM") of the Company to be Convened
PATIMAS COMPUTERS BERHAD
Type Announcement
Subject OTHERS
Description PATIMAS COMPUTERS BERHAD (“PATIMAS” or “the Company”)
i) Special Notice Pursuant to Sections 128 and 153 of the Companies Act, 1965
ii) Requisition of Extraordinary General Meeting ("EGM") of the Company to be Convened
Subsequently, the Company had on 29 March 2013, received a letter from Messrs. Yoong & Partners, the Advocates & Solicitors acting for and on behalf of the Requisitionists confirming that the Requisitionists will not be pursuing their earlier intention to propose and move at the EGM (for which the Requisitionists had requisitioned) as per their notices dated 31 January 2013 the resolutions to remove certain directors of the Company from office or to appoint certain persons as Directors of the Company. The Requisitionists will also not require the Company to convene or to hold such EGM. Accordingly, on behalf of the Requisitionists, Messrs. Yoong & Partners confirmed that the notices are to be treated as having been withdrawn by the Requisitionists.
In view of the said withdrawal by the Requisitionists, the Board is of the opinion that the cancellation of the EGM would not adversely affect the rights of the Requisitionists or any other shareholders of the Company and the Board believes that it is in the best interest of all parties that the EGM be cancelled.
This announcement is dated 29 March 2013.
The Board of Directors of PATIMAS wishes to announce that the Company had on 26 March 2013 and 28 March 2013, respectively received letters from Syawaras Sdn Bhd and CPE Growth Capital Limited (“the Requisitionists”) requesting that Mr Hew Tze Kok be nominated as director of the Company in place of Mr Lawrence Kwan Ho Ma.
Reference is made to the Company’s announcements dated 1 February 2013 and 18 February 2013, respectively.
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 29 Mar 2013
Category General Announcement
Reference No CC-130329-61908
2013-03-26 19:45 | Report Abuse
Any one know the new director?
2013-03-26 19:44 | Report Abuse
Change in Boardroom
PATIMAS COMPUTERS BERHAD
Date of change 26/03/2013
Name Hew Tze Kok
Age 36
Nationality Malaysian
Type of change Appointment
Designation Non-Executive Director
Directorate Non Independent & Non Executive
Qualifications Mr Hew received his higher education at Systematic Business Training Centre and became a member of the Association of Chartered Certified Accountants (ACCA-United Kingdom) since year 2005 and subsequently admitted as fellowship member (FCCA) in year 2010.
Working experience and occupation Mr Hew started his career path by practising in accounting firms, namely Wong Yew Seng & Co and BDO Binder for approximately 7 years.
Thereafter, he served the Securities Commission Malaysia ("SC") for approximately 5 years in the area of enforcement of securities law. He was then appointed as an Investigating Officer of the SC with a ranking of Senior Manager. Subsequent to that, he joined KPMG Forensic Investigation Services as an Associate Director.
He is currently attached to Focus Dynamics Drives Sdn Bhd as a Group Finance Manager.
Directorship of public companies (if any) Nil
Family relationship with any director and/or major shareholder of the listed issuer Nil
Any conflict of interests that he/she has with the listed issuer Nil
Details of any interest in the securities of the listed issuer or its subsidiaries Nil
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 26 Mar 2013
Category Change in Boardroom
Reference No CC-130326-65864
2013-03-25 23:59 | Report Abuse
What is this website ?!looks so strange
2013-03-25 23:42 | Report Abuse
U got this pdf from website?
2013-03-25 23:21 | Report Abuse
From u got these info yowtp? Can share the website link?
2013-03-24 20:37 | Report Abuse
But no announcement yet...i think next week they may annouce what happened in the court !!
2013-03-24 20:36 | Report Abuse
Who said 14th of april...it was on 21th of march according to this website http://www.britishvictimsofinvestinginmalaysia.org.uk/news.php
2013-03-13 08:20 | Report Abuse
Is this google business new or old ?
2013-02-27 14:53 | Report Abuse
But till now no news from the cconference
2013-02-27 14:53 | Report Abuse
They also held a press conference today 11 am
2013-02-27 14:53 | Report Abuse
We know about this chung from yesterday
2013-02-26 20:15 | Report Abuse
Felixfoo , u think this is good ? So have sometime left for another rebound or what?
2013-02-25 18:27 | Report Abuse
MATERIAL LITIGATION PATIMAS COMPUTERS BERHAD (“Patimas” or “the Company”) Material Litigation – Court of Appeal between Omni Quest Sdn Bhd & Tony Poon Ah Huat and Patimas Computers Berhad
PATIMAS COMPUTERS BERHAD
Type Announcement
Subject MATERIAL LITIGATION
Description PATIMAS COMPUTERS BERHAD (“Patimas” or “the Company”)
Material Litigation – Court of Appeal between Omni Quest Sdn Bhd & Tony Poon Ah Huat and Patimas Computers Berhad
Reference is made to the Company’s announcements on 24 October 2012 and 8 November 2012 in respect of the Company’s application for leave to appeal to the Federal Court of Malaysia against the decision of the Court of Appeal of Malaysia.
The Company wishes to update that the matter is now fixed for Case Management on 2 May 2013 pending exchange of affidavits between the parties and obtaining grounds of judgement from Court of Appeal of Malaysia.
This announcement is dated 25 February 2013.
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 25 Feb 2013
Category General Announcement
Reference No CC-130225-CECE9
2013-02-21 20:25 | Report Abuse
Any news?there was a press conference ? There wasn't a conference ?there will be a conference? No body know !
2013-02-21 10:55 | Report Abuse
There will be ge13 annoucement today?
2013-02-20 12:55 | Report Abuse
KUALA LUMPUR, Feb 20 (Bernama) -- A company linked to Datuk Seri Abdul Azim Zabidi, former BSN chairman who vying for control of Patimas Computers Bhd, may have secured a "biometric authentification" contract worth RM160 million.
Declining to divulge details, a key aide to Abdul Azim said the latter might hold a media briefing tomorrow to explain details about the contract.
2013-02-19 19:56 | Report Abuse
The Company wishes to announce that on 18 February 2013, the Court has granted an order, inter alia, that all proceedings and/or actions and/or any further proceedings in any actions or proceedings against Patimas and its fifteen (15) subsidiaries namely:
Patimas Business Solutions Sdn Bhd;
Patimas Dot Com Sdn Bhd;
Patimas Services Sdn Bhd;
Patimas e-Business Sdn Bhd ;
Patimas Computer Software Sdn Bhd;
Patimas Education Centre Sdn Bhd;
Patimas-HPD Systems Sdn Bhd;
Patimas Computer Systems Sdn Bhd;
OED Technology Sdn Bhd;
Patimas Outsourcing Services Sdn Bhd;
Patimas Computer Security Sdn Bhd;
Patimas Computer Technology Sdn Bhd;
Patimas International Sdn Bhd;
Patimas Workgroup Technology Sdn Bhd; and
Patimas Computer Services Sdn Bhd
including all winding up proceedings, receiverships, any execution proceedings including distress, arbitration, or the appointment of receivers and managers as well as any intended or further proceedings be forthwith restrained and stayed pursuant to Section 176 (10) of the Companies Act, 1965 for a period of sixty (60) days from the date of the order, except by leave by the Court and subject to such terms as the Court may impose.
The Group’s businesses are currently experiencing cash constraints due to softening of the computer related products and services market and competitiveness in the computer industry as a result of the economic slowdown commencing the second half of 2008.
On 1 November 2012, Patimas had made an announcement that it is considered a PN 17 company pursuant to the Main Market Listing Requirements. The PN17 criteria was triggered as a result of Patimas’ latest financial statements for the financial period of 1 January 2011 to 31 March 2012 wherein the auditors have expressed a disclaimer of opinion on Patimas’ latest audited financial statements for the aforesaid financial period. Further, on 28 November 2012, Patimas had made an announcement that it is considered a PN 1 company pursuant to the Main Market Listing Requirements.
As a result, the Group is unable to comply with its repayment obligations to its secured lenders and creditors. A number of the Group’s creditors, secured or otherwise, have commenced or threatened to commence legal proceedings against the Group for recovery of their debts. The Restraining Order will allow Patimas to focus on formalizing the proposed schemes of arrangements unhindered without having to divert its attention and resources to defending and dealing with any proceeding and/or actions from the Group’s creditors.
The Restraining Order is not expected to have any material impact on the financial and operational matters of Patimas Group.
The details of the proposed schemes of arrangement will be announced in due course.
This announcement is dated 19 February 2013.
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 19 Feb 2013
Category General Announcement
Reference No CC-130219-67753
2013-02-19 19:55 | Report Abuse
MEMORANDUM OF UNDERSTANDING PATIMAS COMPUTERS BERHAD (“Patimas” or “Company”) Updates of the Memorandum of Understanding
PATIMAS COMPUTERS BERHAD
Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description PATIMAS COMPUTERS BERHAD (“Patimas” or “Company”)
Updates of the Memorandum of Understanding
Reference is made to the Company’s announcement dated 17 January 2013.
The Board of Directors of the Company wishes to announce that the due diligence on Party A is currently on-going. The expected date of completion of the due diligence is by 15 May 2013.
Any further developments will be announced to Bursa Malaysia Securities Berhad in due course.
This announcement is made on 19 February 2013.
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 19 Feb 2013
Category General Announcement
Reference No CC-130219-65521
2013-02-18 20:01 | Report Abuse
OTHERS PATIMAS COMPUTERS BERHAD (“Patimas” or “the Company”) i) Special Notice Pursuant to Sections 128 and 153 of the Companies Act, 1965 ii) Requisition of Extraordinary General Meeting ("EGM") of the Company to be Convened
PATIMAS COMPUTERS BERHAD
Type Announcement
Subject OTHERS
Description PATIMAS COMPUTERS BERHAD (“Patimas” or “the Company”)
i) Special Notice Pursuant to Sections 128 and 153 of the Companies Act, 1965
ii) Requisition of Extraordinary General Meeting ("EGM") of the Company to be Convened
Reference is made to the Company’s announcement dated 1 February 2013.
The Board of Directors of the Company wishes to announce that the Company will be calling for an Extraordinary General Meeting (“EGM”) of Patimas within the stipulated timeframe as requisitioned pursuant to the Letter dated 31 January 2013 from Syawaras Sdn Bhd and CPE Growth Capital Limited. The details of the EGM will be determined later.
The Board of Directors of Patimas will announce the development of the above matter in due course.
This announcement is made on 18 February 2013.
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 18 Feb 2013
Category General Announcement
Reference No CC-130218-68056
2013-02-15 21:37 | Report Abuse
Mr. Croft has extensive experience of the AIM market at London's Stock Exchange having assisted a number of companies from South East Asia and Australasia in raising Pre IPO finance in London and preparing for listings on the London exchanges. He was recently Chairman of e-pay Asia Limited the largest e-payments company in SE Asia. Mr. Croft has been a Director of CPE since 2008 and has also chaired the company's audit committee. Mr. Croft previously held senior Director level positions in Racal Electronics and NCR Corporation, following an early career in banking with HSBC and Grindlays Bank. Mr. Croft is a British citizen and resides in the UK.
2013-02-15 21:36 | Report Abuse
14 February 2013
China Private Equity Investment Holdings Limited
("CPE" or the "Company")
Board Change
The Company announces that Non-executive Chairman, Patrick Macdougall, has confirmed to the CPE board of directors his intention to retire on 28 February 2013. Thereafter, John Croft, currently Chief Executive, will take on the role of Executive Chairman.
Commenting on Mr Macdougall's retirement, John Croft said:
"I would like to thank Patrick Macdougall for his guidance and support since the Company's inception and we wish him all the best in his retirement."
For further information, please visit www.cpe-invest.com or contact:
Maria Leung
China Private Equity Investment Holdings Ltd:
+852 2801 6770
Azhic Basirov / Siobhan Sergeant,
Smith & Williamson Corporate Finance Ltd:
+44 (0) 20 7131 4000
Allan Piper
First City Public Relations (Hong Kong):
+852 2854 2666
Simon Hudson
Tavistock Communications (London):
+44 (0) 20 7920 3170
www.cpe-invest.com
Ticker symbol:
London - CPEH
Frankfurt - AA1JBE5
This information is provided by RNS
The company news service from the London Stock Exchange
2013-02-04 09:45 | Report Abuse
I Canceled my sell order ...waiting for the show...
2013-02-03 13:17 | Report Abuse
Ok i got the leason...all news websites are not trustable...like bt edge....all not trustable...we only have to trust faceless people in forum before we invest...i will tell this also to my friends ..hehe
2013-02-03 12:12 | Report Abuse
I will write new investment book name ...dont listen to the news ...listen to faceless people.,.go and sit with people...new investment tips ....this book will be no 1 investment book..lol
2013-02-03 12:11 | Report Abuse
I didnt say i am expert and i didnt say i sit with dato...but other people already sit with dato and publish the news ...this is how things happen..so u want all people invest in patimas to go and sit with dato...hehehe u really make me laugh now...so if i want to invest in shares from other country then i have to travel and meet people before invest ...this is the new way of investment or what ...so funny
Stock: [PATIMAS]: PATIMAS COMPUTERS BHD
2013-07-04 23:21 | Report Abuse
Change in Boardroom
PATIMAS COMPUTERS BERHAD
Date of change 04/07/2013
Name ONG TEE KEIN
Age 56
Nationality MALAYSIAN
Type of change Appointment
Designation Non-Executive Director
Directorate Independent & Non Executive
Qualifications He is a member of the Malaysian Institute of Accountants, Associate of The Institute of Chartered Secretaries and Administrators and holds a Master Degree in Business Administration.
Working experience and occupation He has several years of experience in industry and
consultancy practice.
Directorship of public companies (if any) 1. Mlabs Systems Berhad
2. Sanichi Technology Berhad
3. Advance Information Marketing Berhad
4. Biosis Group Berhad
Family relationship with any director and/or major shareholder of the listed issuer Nil
Any conflict of interests that he/she has with the listed issuer Nil
Details of any interest in the securities of the listed issuer or its subsidiaries Nil
Announcement Info
Company Name PATIMAS COMPUTERS BERHAD
Stock Name PATIMAS
Date Announced 4 Jul 2013
Category Change in Boardroom
Reference No CC-130704-44676