no need to worry on what TP will get on next. important is the GST project is confirm and no delay to assign censof to perform software installation or migration into agency government as much possible, then sure we wont get any loss will only have more and more profit.
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 12 September 2013 in relation to the Proposals. We refer to the announcements dated 12 September 2013, 4 October 2013, 9 October 2013, 11 October 2013, 30 October 2013 and 20 November 2013 in relation to the above.
On behalf of the Board of Directors of Censof, RHB Investment Bank Berhad is pleased to announce that the Acquisition has been completed today pursuant to the successful transfer of the remaining 170,155,958 Sale Shares representing 21.95% equity interest in TIME Engineering Berhad from Khazanah Nasional Berhad to Censof.
With the completion of the Acquisition, TIME Engineering Berhad is now a 45.03%-owned subsidiary company of Censof.
Published: Friday November 29, 2013 MYT 11:34:00 AM Updated: Friday November 29, 2013 MYT 11:36:23 AM
Censof targets 20% contribution from overseas by end-2014 by leong hung yee
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KUALA LUMPUR: Censof Holdings Bhd, which came under the spotlight after it bought a 45.03% stake in Time Engineering Bhd for RM69.8mil, says it is targeting contribution from overseas by end-2014.
It said on Friday it was targeting a 20% contribution from the overseas operations.
Censof also said it was not looking to acquire any other assets at the moment.
To recap, Censof bought the Time Engineering stake for 20 sen per share in September following the divestment by Khazanah Nasional Bhd of its entire stake in Time Engineering.
However, Time Engineering shareholders later were advised not to accept the general offer by Censof.
Independent adviser Public Invesment Bank Bhd, in its circular, deemed the offer of 20 sen per share as not fair and not reasonable based on a few methods of valuation.
Censof Eyes More Earnings From Overseas Next YearPETALING JAYA, Nov 29 (Bernama) -- Censof Holdings Bhd is targeting a 20 per cent contribution from overseas operations by the end of next year from the current 10 per cent.
Group Managing Director Datuk Samsul Husin said the group has expanded its operations to Indonesia, Myanmar, the Philippines and Dubai.
Speaking to reporters after the group's Extraordinary General Meeting (EGM) here Friday, Samsul said Indonesia's market is bigger than Malaysia.
The company sells its wealth and asset management software in Indonesia to mainly private clients, such as big banks.
"We also recently expanded into Myanmar via a local partner.
"With Dubai, we intend to participate in tenders in the region while in the Philippines, we're planning to participate in government tenders worth RM300 million with a local partner," he said.
The group endeavours to continue to grow its business organically and is not looking to acquire any other assets at the moment, Samsul said.
He added moving forward, the group's prospects are positive taking into consideration the implementation of the Goods and Services Tax (SGT) system in Malaysia.
"We're among companies that will benefit from it. There are a lot of opportunities from existing customers who want to upgrade and new clients who want GST-compliant software," Samsul said.
Its potential customers include not only small and medium enterprises (SMEs) but also government agencies such as local councils, state agencies and statutory bodies.
"It will definitely have an impact on our bottomline," he added.
On Time Engineering Bhd, in which Censof bought a 45.03 per cent stake following the divestment by Khazanah Nasional Bhd, Samsul said the group is comfortable with the size of the stake and does not plan to increase it.
He added that the group is in the midst of putting a new board in the company.
"There is a lot of synergy and both companies can leverage on each other's strengths," he added.
Meanwhile, Samsul said Censof plans to utilise the issuance of its Redeemable Convertible Notes (RCN) mainly to finance expansion purposes and reduce gearing.
The RCN -- with an aggregate principal amount of up to RM100 million -- would consist of four tranches with multiple sub-tranches in each tranche.
.....nasdaq has passed 4000 & malaysia IT's like censof is just taking off. censof-wa is a better buy....4 years to expiry & a looong way to go & a cheaper entry level.....
Censof Holdings Bhd, which has a 45% stake in Time Engineering Bhd (TEB), has no intention of increasing its stake and will be doing a lot more investor relations work to get investors to know TEB.
shamsul promised the sky have confident people ....Tenaga tarrif naik today / assessement rate naik 01.01.14 ...petrol will also naik / everybody is singing this song ...............killing me softly
sweetie sorry no news other than the above, the beauty is Under Budget 2014, a training grant of RM100 million will be provided to businesses that send their employees for GST training in 2013 and 2014. Then, financial assistance amounting to RM150 million will be provided to SMEs for the purchase of accounting software in 2014 and 2015.Its orderbook currently stands at RM50 million, consisting of existing projects and recurring revenue. Censof going to submit a RM300 million tender for a government financial information system in the Philippines.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lee9fold
4,730 posts
Posted by lee9fold > 2013-11-27 09:20 | Report Abuse
woah...ct confident with this stock...seldom see u hold so long a stock