PETRONAS PETRONAS CHEMICALS GROUP BERHAD ( K) RELATED PARTY TRANSACTION
|
|
- Evan Martin
- 6 years ago
- Views:
Transcription
1 PETRONAS 1.0 INTRODUCTION PETRONAS CHEMICALS GROUP BERHAD ( K) RELATED PARTY TRANSACTION Pursuant to Paragraph (1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of PETRONAS Chemicals Group Berhad ( PCG or the Company ) wishes to announce that the Company has entered into a Related Party Transaction ("RPT") with PETRONAS Refinery and Petrochemical Corporation Sdn Bhd ( PRPC ) where the consideration of such RPT has exceeded the percentage ratio of 0.25% but is less than 5%. 2.0 TRANSACTION PCG has acquired from PRPC, a wholly owned subsidiary of Petroliam Nasional Berhad ( PETRONAS ), the entire equity in three companies namely PRPC Glycols Sdn Bhd, PRPC Polymers Sdn Bhd and PRPC Elastomers Sdn Bhd ( Project Companies ). The Project Companies will undertake petrochemical projects which are part of the Refinery and Petrochemicals Integrated Development ( RAPID ) project in Johor, Malaysia. PCG will pay PRPC a consideration of RM13,000, based on a willing buyer and willing seller basis, being the paid up share capital of the Project Companies. With this acquisition, PCG will assume the assets and the liabilities of the Project Companies amounting to approximately USD110 million. With the above transaction, the Project Companies will become wholly owned subsidiaries of PCG. However, based on current arrangements between PRPC and its existing partners, there may be potential dilution to PCG s equity in the Project Companies. The payment for the paid up capital in the Project Companies of RM13,000 is expected to be paid to PRPC on 3 November 2015 while the liabilities of the Project Companies of USD110 million is expected to be settled by the respective Project Companies before the end of the year. Further information on PETRONAS, PRPC and the Project Companies is set out in Table A. 3.0 RATIONALE The acquisition provides PCG the opportunity to accelerate its strategy in achieving its vision and maximizing PCG s shareholder value by strengthening its position as a petrochemical market leader in South East Asia. The acquisition supports both parts of PCG s two pronged strategy by firstly increasing capacity of the existing product portfolio and expanding volumes to strengthen PCG s existing market position; and secondly by diversifying PCG s product portfolio further into differentiated and specialty chemicals. Participation in the RAPID project will give PCG a competitive advantage as it can benefit from a high degree of integration within and across the RAPID project facilities, as well as its close proximity to the high growth ASEAN market.
2 4.0 INTERESTED DIRECTORS I MAJOR SHAREHOLDERS Interested Directors Encik Md Arif Bin Mahmood Relationship Encik Md Arif Bin Mahmood is the Non Executive Chairman and is an appointee of PETRONAS. He is a Board Member of PETRONAS and sits on the Boards of several PETRONAS Group of Companies. He is also the Executive Vice President/Chief Executive Officer of PETRONAS Downstream Business. Datuk Sazali Bin Hamzah Zakaria Bin Kasah Freida Binti Amat Interested Shareholder Petroliam Nasional Berhad (PETRONAS) Datuk Sazali Bin Hamzah is an appointee of PETRONAS. He is the President/Chief Executive Officer of PCG and sits on the Boards of several PETRONAS Group of Companies. Zakaria Bin Kasah is an appointee of PETRONAS and sits on the Boards of several PETRONAS Group of Companies. Freida Binti Amat is an appointee of PETRONAS and sits on the Boards of several PETRONAS Group of Companies. Relationship PETRONAS is the major shareholder of the Company with equity of 64.35%. All directors nominated by PETRONAS abstained from voting during deliberation of the transaction at the Board of Directors meeting held today. Save as disclosed above, no other directors and/or major shareholders of the Company and/or persons connected with them have any interest, whether directly or indirectly in the RPT. 5.0 FINANCIAL EFFECTS The time of completion of the transaction is 3 November The transaction does not have any effect on the issued and paid up share capital of PCG and does not have any material effect on the earnings or the net assets of the Group at the transaction date. The maximum percentage ratio for the transaction is 1.8% at the transaction date. The Project Companies are currently undertaking projects with a future total investment cost for the polymers, glycols and elastomers segments of approximately US$3.9 billion with a combined total capacity of approximately 2.7 million tonnes per annum (2.7 mtpa). The project is expected to contribute positively to both future revenue and earnings. First petrochemicals production is expected to commence after the completion of the PRPC refinery, which is scheduled in Upon completion of the transaction and undertaking of the projects, PCG will assume the benefits and risks of the petrochemical projects. The benefits and risks, as in any other petrochemical project are subject to market conditions, project execution, and other typical industry risks.
3 6.0 STATEMENT BY BOARD AUDIT COMMITTEE PCG s Board Audit Committee has reviewed the terms of the transaction and is satisfied that the terms are fair, reasonable and on normal commercial terms; not detrimental to the interest of the Company's minority shareholders; and in the best interest of PCG. 7.0 STATEMENT BY DIRECTORS PCG Board (save for the Interested Directors) believes that the acquisition of the Project Companies can accelerate the realization of PCG s vision by increasing its capacity, revenue as well as value and that the transaction is to the best interest of the company. 8.0 APPROVALS REQUIRED The transaction is not subject to the approval of shareholders of PCG or any relevant authorities. For and on behalf of the Board PETRONAS Chemicals Group Berhad Datuk Sazali Hamzah President/Chief Executive Officer Kuala Lumpur, 3 November 2015
4 Table A I. Information on PETROLIAM NASIONAL BERHAD ( PETRONAS ) PETRONAS was established pursuant to the Malaysian Petroleum Development Act, 1974 to own and manage the petroleum resources of Malaysia. The Company was incorporated under the Malaysian Companies Act, 1965 on 17 th August PETRONAS, together with its subsidiaries and associated companies, has fully integrated multinational oil and gas operations along the hydrocarbon value chain. II. PETRONAS Refinery and Petrochemical Corporation Sdn Bhd ( PRPC ) PRPC was incorporated on 21 May 2013 and is a wholly owned subsidiary PETRONAS an authorized capital of RM10,000,000, of RM1,000 each and a paid up capital of RM526,478, which consists of 483,007 ordinary shares at RM1,000 each and 43,471 redeemable preference shares of RM1,000 each. The company s principal activity is in relation to the development of refinery, steam cracker, petrochemicals, utilities and infrastructure within Pengerang Integrated Complex in Mukim of Pengerang, District of Kota Tinggi, Johor. III. Information on PRPC Glycols Sdn Bhd ( Glycols ) capital of RM400,000 of RM1,000 each and a paid up capital of RM4,000 which consists of 4 ordinary shares at RM1,000 each. b) The company s principal activity is to manage and operate the glycols complex c) The operation of the glycols complex is also supported by the associated facilities in Pengerang Integrated Complex ( PIC ) for the nitrogen, steam, power, and water. IV. Information on PRPC Polymers Sdn Bhd ( Polymers ) capital of RM400,000 of RM1,000 each and a paid up capital of RM4,000 which consists of 4 ordinary shares at RM1,000 each. b) The company s principal activity is to manage and operate the polymers complex c) The operation of the polymers complex is supported by the associated facilities in PIC for the nitrogen, steam, power, water, including storage terminals and other related infrastructure.
5 V. Information on PRPC Elastomers Sdn Bhd ( Elastomers ) capital of RM400,000 of RM1,000 each and a paid up capital of RM5,000 which consists of 5 ordinary shares at RM1,000 each. b) The company s principal activity is to manage and operate the elastomers complex c) The operation of the elastomers complex is similarly supported by the associated facilities in PIC for the nitrogen, oxygen, steam, power, water and infrastructure.
The principal activities of UMWD are mainly investment holding and property development.
1. INTRODUCTION UMW Holdings Berhad ( UMW Holdings or the Company ) wishes to announce that its wholly-owned subsidiary, UMW Corporation Sdn Bhd ( UMWC ), has today entered into a Settlement Agreement
More informationThe Board of Directors of Shangri-La Hotels (Malaysia) Berhad ( SHMB ) wishes to announce that its wholly-owned subsidiary, UBN Tower Sdn Bhd has:-
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS TENANCY AGREEMENTS - OFFICE SPACE AT UBN TOWER 1. INTRODUCTION The Board of Directors of Shangri-La Hotels (Malaysia) Berhad
More informationCASB was incorporated in Malaysia on 16 July 1997 and its principal activities are construction and property development.
TRANSFER OF MALAYSIAN RESOURCES CORPORATION BERHAD S 100% EQUITY INTEREST IN LOTUS TERRAIN SDN BHD TO DMIA (M) SDN BHD IN CONSIDERATION FOR TRANSFER OF DMIA (M) SDN BHD S 30% EQUITY INTEREST IN COUNTRY
More informationANNOUNCEMENT FOR PUBLIC RELEASE OPERATION AND MAINTENANCE AGREEMENTS NO. 1, NO. 2 AND NO. 3
PERAK CORPORATION BERHAD (210915-U) (Incorporated in Malaysia) ANNOUNCEMENT FOR PUBLIC RELEASE OPERATION AND MAINTENANCE AGREEMENTS NO. 1, NO. 2 AND NO. 3 1.0 INTRODUCTION On behalf of the Board of Directors
More informationUMW HOLDINGS BERHAD (90278-P) GENERAL ANNOUNCEMENT
GENERAL ANNOUNCEMENT EXECUTION OF A SHARE SALE AND PURCHASE AGREEMENT BETWEEN UMW CORPORATION SDN BHD, PERMODALAN NASIONAL BERHAD AND UMW DEVELOPMENT SDN BHD 1. INTRODUCTION UMW Holdings Berhad ( UMW Holdings
More informationATTACHMENT 1.0 INTRODUCTION
ATTACHMENT AWARD OF CONTRACT BY MSM SUGAR REFINERY (JOHOR) SDN BHD ( MSM JOHOR ), A WHOLLY-OWNED SUBSIDIARY OF MSM MALAYSIA HOLDINGS BERHAD ( MSM ) FOR PACKAGE 2 FOR THE CONSTRUCTION AND INSTALLATION OF
More informationThe Proposed Disposal falls within the ambit of Section 132E of the Companies Act, 1965 ( Act ).
TAN CHONG MOTOR HOLDINGS BERHAD ( TCMH OR THE COMPANY ) - PROPOSED DISPOSAL OF ASSETS BY TC ALUMINIUM CASTINGS SDN BHD (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF TCMH) TO APM THERMAL SYSTEMS SDN BHD (A WHOLLY-OWNED
More informationSERBA DINAMIK HOLDINGS BERHAD ( SERBA DINAMIK HOLDINGS OR THE COMPANY )
SERBA DINAMIK HOLDINGS BERHAD ( SERBA DINAMIK HOLDINGS OR THE COMPANY ) PROPOSED ACQUISITION OF 400,000 ORDINARY SHARES REPRESENTING 40% EQUITY INTEREST IN KONSORTIUM AMANIE JV SDN BHD ( KONSORTIUM AMANIE
More informationJoint Venture Agreement ( JVA ) with Nissan in respect of the establishment and operation of NVL ( Proposed Joint Venture ).
TAN CHONG MOTOR HOLDINGS BERHAD Proposed Acquisition of 74% Charter Capital of Nissan Vietnam Co., Ltd. and Proposed Joint Venture with Nissan Motor Co., Ltd. 1.0 INTRODUCTION The Board of Directors of
More informationProforma undertaking letter from remaining shareholders of acquiree company under Practice Note 2.9.6
1 Appendix I Proforma undertaking letter from remaining shareholders of acquiree company under Practice Note 2.9.6 [Name of remaining shareholder of acquiree] [Company registration number/ic number] [Address]
More informationSETTLEMENT AGREEMENT BETWEEN D.J. DESIGN SUPPLIERS SDN. BHD., SOLID PROMENADE SDN. BHD. AND IKHMAS JAYA SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF IJGB
IKHMAS JAYA GROUP BERHAD ( IJGB OR THE COMPANY ) SETTLEMENT AGREEMENT BETWEEN D.J. DESIGN SUPPLIERS SDN. BHD., SOLID PROMENADE SDN. BHD. AND IKHMAS JAYA SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF IJGB 1.
More informationUMW HOLDINGS BERHAD ( P)
EXECUTION OF A SHARE PURCHASE AGREEMENT BETWEEN UMW RIG ASSET (L) LTD AND S.D. STANDARD DRILLING PLC IN RESPECT OF THE ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP CAPITAL IN OFFSHORE DRILLER 4 LTD 1.
More informationPROPOSED ACQUISITION OF 13 ENTITIES IN PAWN BROKING BUSINESS IN MALAYSIA
PROPOSED ACQUISITION OF 13 ENTITIES IN PAWN BROKING BUSINESS IN MALAYSIA 1. INTRODUCTION The board of directors (the Board or the Directors ) of MoneyMax Financial Services Ltd. (the Company and together
More information(Company No. : D)
(ompany : 380100-D) SALE AND PURHASE AGREEMENT SIGNED BETWEEN KNUSFORD BERHAD AND TROPIANA DANGA BAY SDN BHD FOR THE PURHASE OF 11 UNITS RETAIL LOTS OF TROPEZ RESIDENES LOATED IN JOHOR BAHRU 1. INTRODUTION
More informationOIL & GAS. Unfolding the Future. Growing our Potential
OIL & GAS Unfolding the Future Growing our Potential annual report 2013 Unfolding the Future Growing our Potential As UMW Oil & Gas turns the page to a more promising future courtesy of its listing exercise
More informationDuty Free International Limited To Transfer To SGX Mainboard
Immediate Release Duty Free International Limited To Transfer To SGX Mainboard Singapore, 30 September 2016 Atlan Holdings Berhad s ( Atlan ) major subsidiary - Duty Free International Limited ( DFI ),
More informationCONDITIONAL OFFER BY DRB-HICOM TO DISPOSE TO POS MALAYSIA BERHAD ( POS MALAYSIA ) THE FOLLOWING:
DRB-HICOM BERHAD ( DRB-HICOM OR COMPANY ) CONDITIONAL OFFER BY DRB-HICOM TO DISPOSE TO POS MALAYSIA BERHAD ( POS MALAYSIA ) THE FOLLOWING: (I) THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF KL AIRPORT
More information(PROPOSED MBMR ACQUISITION, PROPOSED MO AND PROPOSED PERODUA ACQUISITION ARE COLLECTIVELY REFERRED TO AS PROPOSALS )
UMW HOLDINGS BERHAD ( UMWH OR COMPANY ) (I) (II) PROPOSED ACQUISITION OF ALL THE ORDINARY SHARES IN MBM RESOURCES BERHAD ( MBMR ) ( MBMR SHARES ) HELD BY MED-BUMIKAR MARA SDN BHD ( MED-BUMIKAR ) AND CENTRAL
More informationPengerang Terminals Pengerang Rotterdam : Linked by Concept Pengerang Terminals Sdn Bhd. 8th January 2018
Pengerang Terminals Pengerang Rotterdam : Linked by Concept Pengerang Terminals Sdn Bhd 8th January 2018 Shareholders & Profile PITSB : 1 of 3 JV between Dialog & Vopak 51% 49% Pengerang Terminals Sdn
More informationFOR IMMEDIATE RELEASE 20 OCTOBER 2015 STRATEGIC ALLIANCE BY FOUR ISLAMIC BANKS TO ESTABLISH INVESTMENT PLATFORM
FOR IMMEDIATE RELEASE 20 OCTOBER 2015 STRATEGIC ALLIANCE BY FOUR ISLAMIC BANKS TO ESTABLISH INVESTMENT PLATFORM Kuala Lumpur, 20 October 2015 Four Malaysian Islamic banks - Affin Islamic Bank Berhad, Bank
More informationMedia Release FOR IMMEDIATE RELEASE
FOR IMMEDIATE RELEASE Establishment of PanaHome MKH Malaysia Joint venture between Panasonic housing subsidiary, PanaHome Malaysia, and local developer MKH Berhad to boost property developments in the
More informationJOINT VENTURE AGREEMENT FOR COST SHARING IN RELATION TO UPGRADING OF IWSS3 (LOW ZONE) FOR SUPPLY OF WATER
ABLEGROUP BERHAD JOINT VENTURE AGREEMENT FOR COST SHARING IN RELATION TO UPGRADING OF IWSS3 (LOW ZONE) FOR SUPPLY OF WATER 1. INTRODUCTION The Board of Directors ( Board ) of AbleGroup Berhad ( AB or the
More informationAnnual General Meeting Queries & Answers for Minority Shareholder Watchdog Group (MSWG)
Annual General Meeting Queries & Answers for Minority Shareholder Watchdog Group (MSWG) 30 September, 2014 Question 1: As disclosed in Note 59 of the Annual Report, the Automotive Segment recorded revenue
More informationCorporate Transparency and Enhancing Corporate Image : Action Speak Louder than Words
Corporate Transparency and Enhancing Corporate Image : Action Speak Louder than Words National Integrity Convention 2017 Samsudin Miskon 9th November 2017 2017 PETROLIAM NASIONAL BERHAD (PETRONAS) All
More informationMB WORLD GROUP BERHAD
ANNUAL REPORT 2 17 D E F I N I N G T H E F U T U R E DEFINING THE FUTURE This year, the design of our Annual Report cover depicts a seedling symbolizing our earthiness presence and growth potential. A
More informationMONRO MUFFLER BRAKE, INC. PROVIDES FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS
CONTACT: John Van Heel Chief Executive Officer (585) 647-6400 Robert Gross Executive Chairman (585) 647-6400 FOR IMMEDIATE RELEASE Brian D Ambrosia Senior Vice President Finance Chief Financial Officer
More informationJun-14 Jun-13 Jun-12 Jun-14 Jun-13 Jun-12 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000. Turn Over 25,624 26,675 34,
JAVA BERHAD ( JAVA OR COMPANY ) - REPLY TO QUERY FROM BURSA MALAYSIA SECURITIES BERAHD ( BURSA SECURITIES ) ON CESSATION OF TIMBER OPERATIONS OF JAVA INDUSTRIES SDN BHD, JAVA WOODS SDN BHD, JAVA TIMBER
More informationMerger and Acquisition Trends in Malaysia. An Article by Chiu Hoh Yan
Merger and Acquisition Trends in Malaysia. An Article by Chiu Hoh Yan Audit / Tax / Advisory Smart decisions. Lasting value. Tracking Malaysia s M&A Scene The past three years have been very challenging
More informationJointly towards a long term sustainable energy supply
Jointly towards a long term sustainable energy supply Lars G. Josefsson, CEO Vattenfall, CEO Nuon 23 February 2009 Agenda Nuon & Vattenfall: a great partnership Rationale for Nuon Rationale for Vattenfall
More informationWELCOME TO 1 ST ANNUAL GENERAL MEETING SERBA DINAMIK HOLDINGS BERHAD S
WELCOME TO SERBA DINAMIK HOLDINGS BERHAD S 1 ST ANNUAL GENERAL MEETING KUALA LUMPUR 26 MAY 2017 Presented by: DATO DR. IR. MOHD ABDUL KARIM ABDULLAH Group Managing Director, Group CEO & Non-independent
More informationKhazanah announces 12-point MAS Recovery Plan
MEDIA STATEMENT Kuala Lumpur, 29 August 2014 Khazanah announces 12-point MAS Recovery Plan Khazanah Nasional Berhad ( Khazanah ) today announced a 12-point enabling plan for returning Malaysian Airline
More information1QFY2018 Financial Results. Quarter Ended 30 June 2017
1QFY2018 Financial Results Quarter Ended 30 June 2017 Disclaimer This presentation is not and does not constitute an offer, invitation, solicitation or recommendation to subscribe for, or purchase, any
More informationPROPOSED JOINT VENTURE BETWEEN DRB-HICOM AND ZHEJIANG GEELY HOLDING GROUP CO., LTD., IN RESPECT OF PROTON HOLDINGS BERHAD; AND
DRB-HICOM BERHAD ("DRB-HICOM" OR THE "COMPANY") (I) PROPOSED JOINT VENTURE BETWEEN DRB-HICOM AND ZHEJIANG GEELY HOLDING GROUP CO., LTD., IN RESPECT OF PROTON HOLDINGS BERHAD; AND (II) PROPOSED DIVESTMENT
More informationDownstream & Chemicals
Downstream & Chemicals Pierre Breber Executive Vice President 017 Chevron Corporation Downstream portfolio Fuels refining & marketing Integrated value chains Lubricants & additives Globally positioned
More informationCapitaLand launches Quill Capita Trust in Malaysia with the Quill Group
News Release 11 December 2006 For Immediate Release CapitaLand launches Quill Capita Trust in Malaysia with the Quill Group CapitaLand s first REIT to be listed outside of Singapore Singapore, 11 December
More informationExpress Rail Link. Corporate Profile
Express Rail Link Corporate Profile Express Rail Link Sdn Bhd (ERL) is the operator of KLIA Ekspres and KLIA Transit train services that connect Kuala Lumpur International Airport (KLIA & KLIA2) and the
More informationBlueScope Steel Limited Consolidated Financial Headlines
BlueScope Steel Limited Consolidated Financial Headlines 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2013 2013 2014 2014 2014 2015 2015 2015 2016 2016 2016 2017 2017 2017 2018 2018 2018 Total
More informationBUMI ARMADA SETS SAIL FOR LISTING ON BURSA SECURITIES Malaysia s largest offshore services provider Eighth largest global FPSO player
PRESS RELEASE (EMBARGOED UNTIL 30 JUNE 2011, 3pm) BUMI ARMADA SETS SAIL FOR LISTING ON BURSA SECURITIES Malaysia s largest offshore services provider Eighth largest global FPSO player KUALA LUMPUR, Malaysia
More informationStrong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer
PRESS RELEASE 2018 results (1) March 14, 2019 Strong performance by the Bolloré Group s operating activities in 2018 Mr Cyrille Bolloré unanimously appointed Chairman and Chief Executive Officer Revenue:
More information2015 Interim Results Announcement
China Petroleum & Chemical Corporation 2015 Interim Results Announcement August 27, 2015 Hong Kong Cautionary Statement This presentation and the presentation materials distributed herein include forward-looking
More informationJoint investment in gas distribution company in Indonesia
October 17, 2017 Joint investment in gas distribution company in Indonesia Tokyo Gas Co., LTD Tokyo Gas Asia Pte. Ltd. Development Bank of Japan Inc. Tokyo Gas Asia Pte., Ltd (: Nobuhisa Kobayashi, "Tokyo
More informationPUSAKA CAPITAL POISED FOR RM3.8 BILLION PROJECTS. Proposed R&R Exercise was recently approved by the Board of STIDC, led by YB
PRESS RELEASE FINAL PUSAKA CAPITAL POISED FOR RM3.8 BILLION PROJECTS KUCHING, SARAWAK, 30 SEPTEMBER 2013 Sarawak Timber Industry Development Corporation ( STIDC ) has today signed the Reorganisation &
More informationTAN CHONG MOTOR HOLDINGS BERHAD (Company No P) (Incorporated in Malaysia)
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action you should take, you should consult your stockbroker, bank manager, solicitor, accountant
More informationTHE SPECIALIST. Annual Report DELIVERING SUPERIOR VALUE, QUALITY AND SERVICE SOLID AUTOMOTIVE BERHAD ( P)
SOLID AUTOMOTIVE BERHAD (1016725-P) 5, Jalan Dataran 5, Taman Kempas, 81200 Johor Bahru, Johor Darul Takzim, Malaysia. Tel: +60 7 238 1782 Fax: +60 7 238 9073 www.solidautomotive.com SOLID AUTOMOTIVE BERHAD
More informationFor Immediate Release 31 August 2010
For Immediate Release 31 August 2010 ChongQing Machinery & Electric Co.,Ltd. Announcement of 2010 Interim Results Profit attributable to the equity holders was RMB 345.7 million, representing an increase
More informationAnnual General Meeting Queries & Answers for Minority Shareholder Watchdog Group (MSWG)
Annual General Meeting Queries & Answers for Minority Shareholder Watchdog Group (MSWG) 9 September, 2015 Question 1: As disclosed in the Group Managing Director s Review of Operations, DRB-HICOM Group
More information3QFY2018 Financial Results. Quarter Ended 31 December 2017
3QFY2018 Financial Results Quarter Ended 31 December 2017 Disclaimer This presentation is not and does not constitute an offer, invitation, solicitation or recommendation to subscribe for, or purchase,
More informationBenalec Secures DOE Approval for All 3 Phases of its Tanjung Piai Project
PRESS RELEASE FOR IMMEDIATE RELEASE 23 June 2016 Contact: Ms Ai Lin Leaw Tel: +603-5569 7366 Email: ailin.leaw@benalec.com.my Benalec Secures DOE Approval for All 3 Phases of its Tanjung Piai Project KUALA
More information1 TA Enterprise berhad Annual Report 2013
TA Enterprise berhad Annual Report 2011 1 1 TA Enterprise berhad Annual Report 2013 TA Enterprise berhad Annual Report 2013 1 2 TA Enterprise berhad Annual Report 2013 TA Enterprise berhad Annual Report
More informationFISCAL YEAR MARCH 2014 FINANCIAL RESULTS
FISCAL YEAR MARCH 214 FINANCIAL RESULTS Mazda CX-5 Mazda Atenza Mazda Motor Corporation April 25, 214 New Mazda Axela 1 PRESENTATION OUTLINE Highlights Fiscal Year March 214 Results Fiscal Year March 215
More informationWARISAN TC HOLDINGS BERHAD ( W) (Incorporated in Malaysia)
(424834-W) (Incorporated in Malaysia) EXTRACT OF MINUTES OF 21 ST ANNUAL GENERAL MEETING ( 21 st AGM ) OF WARISAN TC HOLDINGS BERHAD ( WTCH or THE COMPANY ) HELD AT THE GRAND BALLROOM, LEVEL 9, SUNWAY
More informationStrategic Perodua Acquisitions
UMW Holdings Bhd Price: Strategic Perodua Acquisitions Target Price: By Wan Mustaqim Bin Wan Ab Aziz l wanmustaqim@kenanga.com.my MARKET PERFORM RM5.95 RM6.25 In a surprise move, UMW has proposed to buy
More informationShareholders are referred to the Claw-back Offer Circular dated 13 July 2012 ("the Waiver Circular") detailing:
RARE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration Number: 2002/025247/06 Share Code: RAR ISIN: ZAE000092714 ("the Company" or "RARE") RESULTS OF THE GENERAL MEETING, WAIVER
More informationPERSPECTIVES FOR THE BRAZILIAN REFINING INDUSTRY
PERSPECTIVES FOR THE BRAZILIAN REFINING INDUSTRY Jorge Celestino Refining & Natural Gas Executive Director 24.10.2016 Transformations facing the oil industry Changes in the competitive scenario: shale
More informationThe Group is expected to continue benefiting from stable coal prices, but in the car market, competitive pressures are likely to intensify.
PRESS RELEASE 24th April 2018 PT ASTRA INTERNATIONAL TBK 2018 FIRST QUARTER FINANCIAL STATEMENTS Highlights Net earnings per share down 2 at 123 Lower market share for cars and motorcycles Higher coal
More informationContents. Corporate. Information. Profile of Directors. Corporate. Structure. Statement on Corporate Governance. Chairman s Statement
02 Contents 03 04 08 10 Profile of 15 22 26 28 on Governance 31 79 Audit Committee Report 80 Social Responsibility 82 on Internal Control 84 s List of Properties Analysis of Shareholdings Notice of Annual
More informationCapitaMalls Malaysia Trust, largest pure-play shopping mall REIT in Malaysia, launches prospectus and retail offering
NEWS RELEASE For immediate release 28 June 2010 CapitaMalls Malaysia Trust, largest pure-play shopping mall REIT in Malaysia, launches prospectus and retail offering Retail offering at RM1.08 per unit,
More informationRUBY QUEST BERHAD ( T) No. 6, Jalan Salung 33/26, Shah Alam Technology Park Section 33, Shah Alam, Selangor Darul Ehsan Tel :
RUBY QUEST BERHAD (412406-T) No. 6, Jalan Salung 33/26, Shah Alam Technology Park Section 33, 40460 Shah Alam, Selangor Darul Ehsan Tel : 03-5123 4888 Fax : 03-5121 7818 ENVAIR CONTENTS PAGE Corporate
More informationThe directors of MITCE and their direct and indirect shareholdings in MITCE as at the LPD are as follows:- Tan Sri Lim Hock San Malaysian - -
INFORMATION ON MITCE 1. BACKGROUND INFORMATION MITCE was incorporated as a private limited company under the name of Neraca Tuah Sdn Bhd on 14 August 1995 in Malaysia under the Act and has assumed its
More informationFREE SHARE ALLOCATION LETTER
{SEQUENCE} {FULLNAME} {ADDRESS_1} {ADDRESS_2} {ADDRESS_3} {ADDRESS_4} {ADDRESS_5} {POSTCODE} FREE SHARE ALLOCATION LETTER FREE SHARE ALLOCATION LETTER SASOL KHANYISA FREE SHARE ALLOCATION On 16 April 2018,
More informationEvonik Corporate Venturing. Dr. Jürgen Finke Ecosummit 2012, Neuss November 14, 2012
Evonik Corporate Venturing Dr. Jürgen Finke Ecosummit 2012, Neuss November 14, 2012 Focus on specialty chemicals Evonik is one of the global leaders in specialty chemicals Strong integrated technology
More informationDETERMINATION OF MERGER NOTIFICATION M/17/015 AVANACAR (BRIGHTSTONE TRADING)/CITROËN DUBLIN
DETERMINATION OF MERGER NOTIFICATION M/17/015 AVANACAR (BRIGHTSTONE TRADING)/CITROËN DUBLIN Section 21 of the Competition Act 2002 Proposed acquisition by Brightstone Trading Limited, through Avanacar
More informationMaterials for Press Conference Aug. 11, Polycrystalline Silicon Project in Malaysia
Materials for Press Conference Aug. 11, 2009 Polycrystalline Silicon Project in Malaysia 1 1 New Factory Production Capacity Production Method Target Usage 6,000 tons/ year Siemens method Solar cells Construction
More informationABC SDN BHD X. Revenue Net Worth Net Profit Margin
123456-X : Unit 01-02, Level x, Tower x, Vertical Business Suite, Avenue 3, Bangsar South, No. 8 Jalan Kerinchi 59200 Kuala Lumpur. Telephone Number: (+60)3 2722 xxxx Fax Number: (+60)3 2722 xxxx Website:
More informationprofile of directors Tan Sri Datuk Asmat bin Kamaludin Independent Non-Executive Director Chairman of Scomi Group Bhd
32 profile of directors Tan Sri Datuk Asmat bin Kamaludin Chairman of YBhg Tan Sri Datuk Asmat, 64, a Malaysian, is an and the Chairman of the Company. He was appointed to the Board on 3 March 2003. YBhg
More informationMaybank Investment Bank Issues Four New Call Warrants
News Release Maybank Investment Bank Issues Four New Call Warrants Kuala Lumpur, 16 August 2013 Maybank Investment Bank Berhad ( Maybank IB ) is issuing four new European style cash-settled call warrants
More informationRanhill Berhad (RANHILL) - Oil & Gas - Deals and Alliances Profile
Ranhill Berhad (RANHILL) - Oil & Gas - Deals and Alliances Profile Ranhill Berhad (RANHILL) - Oil & Gas - Deals and Alliances Profile Sector Publishing Intelligence Limited (SPi) has been marketing business
More informationMaster Ad Public Company Limited
Master Ad Public Company Limited EXPANDING INTO OVERSEAS MARKET 75% INVESTMENT IN VGI GLOBAL MEDIA (MALAYSIA) SDN. BHD. 81.65% INVESTMENT IN TRANS.AD SOLUTIONS CO., LTD. 72.67% INVESTMENT IN ROCTEC TECHNOLOGY
More informationSENAI AIRPORT HITS 3 MILLION PASSENGERS IN 2017
FOR IMMEDIATE RELEASE SENAI AIRPORT HITS 3 MILLION PASSENGERS IN 2017 Johor Bahru, Dec 30: Senai Airport Terminal Services Sdn Bhd (SATSSB), a Member of MMC Group today celebrated its 3 millionth passenger
More informationPROPOSED ACQUISITION OF 51% EQUITY INTEREST IN MEDIA CITY VENTURES SDN BHD ( MCVSB ) BY DRB-HICOM
DRB-HICOM BERHAD ( DRB-HICOM OR COMPANY ) PROPOSED ACQUISITION OF 51% EQUITY INTEREST IN MEDIA CITY VENTURES SDN BHD ( MCVSB ) BY DRB-HICOM 1. INTRODUCTION Pursuant to Paragraphs 9.19(23), 10.08(1) and
More informationJoint Press Release of BASF, Arsenal and Foosung. BASF acquires Novolyte Technologies. April 26, 2012
Joint Press Release of BASF, Arsenal and Foosung April 26, 2012 BASF acquires Novolyte Technologies BASF becomes global supplier of Lithium Battery Electrolyte formulations Further step to becoming leading
More informationFINANCIAL STATEMENTS. 58 Directors Report. 64 Statement By Directors. 64 Statutory Declaration. 65 Independent Auditors Report
FINANCIAL STATEMENTS 58 Directors Report 64 Statement By Directors 64 Statutory Declaration 65 Independent Auditors Report 67 Statements of Financial Position 69 Income Statements 70 Statements of Comprehensive
More informationRespect for customers, partners and staff. Service: another name for the respect that a company owes its customers, partners and staff.
Respect for customers, partners and staff Service: another name for the respect that a company owes its customers, partners and staff. Vehicle glass KEY FIGURES (in EUR million) 2004 2003 % change Total
More informationTHE GROUP AT A GLANCE in Summary Introduction Group Structure Brands CNH Industrial around the World Our Commitment to Sustainable Development
THE GROUP AT A GLANCE 12 14 16 17 18 20 2013 in Summary Introduction Group Structure Brands CNH Industrial around the World Our Commitment to Sustainable Development 12 THE GROUP 2013 AT A GLANCE IN SUMMARY
More informationDISCLAIMER. Indofood Agri Resources Ltd.
INTEGRATED PLANTATION WITH LEADING BRANDS Company Presentation Q 2008 Results 29 April 2008 DISCLAIMER This presentation was prepared solely and exclusively for the parties presently being invited for
More informationCHEMICAL COMPANY OF MALAYSIA BERHAD (5136-T)
CHEMICAL COMPANY OF MALAYSIA BERHAD (5136-T) (Incorporated in Malaysia) EXTRACT OF MINUTES OF EXTRAORDINARY GENERAL MEETING HELD ON FRIDAY, 2 MARCH 2018 AT 10.00 A.M. AT BALLROOM 1 & 2, INTERCONTINENTAL
More informationGlobal Integrated Engineering Services Provider 2 nd Annual General Meeting
Global Integrated Engineering Services Provider 2 nd Annual General Meeting Presented by: Dato Dr. Ir. Mohd Abdul Karim Abdullah Group Managing Director, Group CEO & Non-Independent Executive Director
More informationDownstream & Chemicals
Downstream & Chemicals Pierre Breber Executive Vice President Profitable downstream & chemicals portfolio Fuels refining & marketing Focused, regional optimization Petrochemicals Advantaged feed, scale
More informationThe following terms and conditions shall otherwise apply for JM Convertibles 2014/2018:
1(8) TRANSLATION OF THE ORIGINAL SWEDISH The proposal by the Board of Directors of for resolution by the Annual General Meeting on the issue and transfer of convertibles with a nominal value not to exceed
More informationNAVISTAR ANNOUNCES WIDE-RANGING STRATEGIC ALLIANCE WITH VOLKSWAGEN TRUCK & BUS
Navistar International Corporation 2701 Navistar Dr. Lisle, IL 60532 USA P: 331-332-5000 W: navistar.com Media contacts: Lyndi McMillan, Lyndi.McMillan@Navistar.com, +1 331 332 3181 Claudia Gray, Cgray@Brunswickgroup.com,
More informationSIARAN AKHBAR PRESS STATEMENT
SIARAN AKHBAR PRESS STATEMENT EMBARGO NOT TO BE PUBLISHED BEFORE 5.00 PM S.A. 2011/07/46 (HQ) TNB RECORDS NET LOSS OF RM440.2 MILLION IN 3 RD QUARTER FY2011 DUE TO SEVERE GAS CURTAILMENT 3 months ended
More informationUnaudited Financial Statements for the Third Quarter ( 3Q ) and Nine Months ( 9M ) Ended 30 September 2017
BUMITAMA AGRI LTD. Unaudited Financial Statements for the Third Quarter ( 3Q ) and Nine Months ( 9M ) Ended 30 September 2017 1(a)(i) Income statement (for the group) together with a comparative statement
More informationUMW-OG ACHIEVES PRETAX PROFIT OF RM76M IN 3Q14
Quarterly Investor UMW-OG ACHIEVES PRETAX PROFIT OF RM76M IN RM million 2Q14 Change (%) Profit Before Taxation 75.8 66.2 14.5% EXECUTIVE SUMMARY financial highlights Group revenue and profit before taxation
More informationFISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS
FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Half Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives/ Business
More informationIntroducing Implats. Investor Presentation
Investor Presentation Deutsche Bank s South Africa Conference London 20 21 June 2007 Introducing Implats Contribution to sales revenue by metal Implats is in the business of mining, refining and marketing
More informationGlobal Olefins Review
Presented to: Asia Petrochemical Industry Conference Raw Materials Committee Meeting May 2, 24 Kuala Lumpur, Malaysia Mark Eramo Vice President Olefins & Elastomers meramo@cmaiglobal.com Agenda! Ethylene
More informationBURGEONING RESOURCES SECTOR POWERS PACIFIC ENERGY TO ANOTHER RECORD RESULT
350.4M 15.6M 17 August 2011 175+ MW BURGEONING RESOURCES SECTOR POWERS PACIFIC ENERGY TO ANOTHER RECORD RESULT Highlights $18.0M EBITDA - up 44 per cent on prior twelve-month period $8.4M Adjusted NPAT
More informationEvery Disclosure Document issued by a Franchisor Member pursuant to the Code shall comply with the following requirements: -
C:\Users\Vera\Documents\Documents\FASA\DisclosureDocument\DISCLOSURE DOCUMENT REQUIREMENTS updated13aug 2011DRAFT.doc 29 August 2011 FRANCHISE ASSOCIATION OF SOUTH AFRICA DISCLOSURE DOCUMENT REQUIREMENTS
More information2010 Annual Results Announcement
2010 Annual Results Announcement March 2011 1 Disclaimer These materials have been prepared by China ZhengTong Auto Services Holdings Limited ( ZhengTong Auto or The Company, together with its subsidiaries,
More informationAcquisition of Afore Oy
Acquisition of Afore Oy Investor Relations Presentation 1 February 2018 Afore Oy company overview Company Background Afore is a MEMS test equipment company located in Finland that offers test handling
More informationCompany Profile Rev:150709
1 Corporate Information Company Name : Trio Paper Mills Sdn Bhd (A Wholly Owned Subsidiary of HPI Resources Berhad, a Company Listed on The Second Board Bursa Malaysia) Company Reg. No. : 11635-W Date
More informationRSPO Membership Rules
RSPO Membership Rules All members must comply with the requirements as described in this document. Endorsed by the Board of Governors on 6 March 2017, in Kuala Lumpur, Malaysia RSPO Membership Rules 2016
More informationCompany Profile Confidence in Our Own Abilities
Company Facts Consolidated key performances indicators Official name: Established on: Shareholder: Executive Directors: Consolidated gross turnover Staatsolie Maatschappij Suriname N.V. 13 December 1980
More informationTenaga Nasional Berhad - SWOT Analysis
Tenaga Nasional Berhad - SWOT Analysis Tenaga Nasional Berhad - SWOT Analysis Sector Publishing Intelligence Limited (SPi) has been marketing business and market research reports from selected publishers
More informationTata Motors in partnership with DRB-HICOM launches three new commercial vehicles in Malaysia
MEDIA RELEASE FOR IMMEDIATE RELEASE Tata Motors in partnership with DRB-HICOM launches three new commercial vehicles in Malaysia Introduces the Tata Super Ace, Tata Ultra 814 and 1014 Kuala Lumpur, April
More informationLaboratory worker at Goedgevonden Coal Mine
82 Laboratory worker at Goedgevonden Coal Mine Integrated Annual Report 2013 Operational review ARM Coal 83 ARM Coal F2013 F2012 % change ARM Coal attributable sales volumes (000t) Headline earnings Rm
More informationMalaysian Investor Relations Association Berhad (Company no. : W)
Malaysian Investor Relations Association Berhad (Company no. : 777008-W) Annexe Building, Bursa Malaysia, Exchange Square, Bukit Kewangan, 50200 Kuala Lumpur, Malaysia Tel : +603 2034 7677 / 7415 Fax :
More informationLOGO. August 16,2010
LOGO Opportunity Day TIRATHAI PUBLIC COMPANY LIMITED August 16,2010 Contents Company Profile Business Products Electrical Demand Overview Structure of Income & Q2 Operating Results Business Forecast for
More informationMONRO MUFFLER BRAKE, INC. ANNOUNCES FOURTH QUARTER AND FISCAL 2015 FINANCIAL RESULTS
CONTACT: John Van Heel Chief Executive Officer (585) 647-6400 Robert Gross Executive Chairman (585) 647-6400 Catherine D Amico Executive Vice President Finance Chief Financial Officer (585) 647-6400 Investors:
More informationInvestment Incentive For Rubber Industry
MREPC REGIONAL SEMINAR Investment Incentive For Rubber Industry Present by Mr. Mohd Rasli Muda Director, Food Technology & Sustainable Resources Malaysian Investment Development Authority (MIDA) Contents
More information