【BHIC 8133 交流专区】莫实得重工业

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	35,905	53,930	79,953	90,225
2	Profit/(loss) before tax	1,579	4,891	22,233	834
3	Profit/(loss) for the period	-567	2,939	19,817	-1,359
4	Profit/(loss) attributable to ordinary equity holders of the parent	-567	2,939	19,817	-1,359
5	Basic earnings/(loss) per share (Subunit)	-0.23	1.18	7.98	-0.55
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5500		0.4700

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BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD

Date of change	01 Sep 2020
Name	DATUK NORLIZA BINTI ABDUL RAHIM
Age	51
Gender	Female
Nationality	Malaysia
Designation	Director
Directorate	Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Commerce and Management (Majoring Accounting)	Lincoln University, USA
2	Diploma	Diploma in Accountancy	Ungku Omar Polytechnic

Working experience and occupation	1996 - PresentGeneral Manager - Prime View Sdn Bhd2015 - 31 July  2018Chairman, Mutiara.Com Sdn Bhd2013 - 31 July 2018Director, JKP Sdn Bhd2011 - 2017Member of the Upper House (Senator)2009 - PresentDirector, Koperasi Melayu Bukit Gelugor, Pulau Pinang2018 - 2021Ahli Majlis Kerja Tertinggi UMNO Malaysia
Directorships in public companies and listed issuers (if any)	KUB Malaysia Berhad

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Type	Announcement
Subject	OTHERS
Description	BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "THE COMPANY")  RECEIPT OF EXTENDED LETTER OF AWARD FOR THE IN-SERVICE SUPPORT CONTRACT FOR THE ROYAL MALAYSIAN AIR FORCE EC725 HELICOPTERS BY BHIC AEROSERVICES SDN BHD
We refer to the announcements made on 21 March 2014 and 21 July 2017 on the receipt of a Letter of Award (“LOA”) by BHIC AeroServices Sdn Bhd (“BHICAS”) from the Ministry of Defence Malaysia ("MOD") in relation to the provision of maintenance and supply of spares for the Royal Malaysian Air Force EC725 Helicopters via In-Service Support (“the ISS Contract”). BHICAS is a joint venture between BHIC Defence Technologies Sdn Bhd (51 percent), Prestige Pillar Sdn Bhd (30 percent) and Airbus Helicopters Malaysia Sdn Bhd (19 percent). The Company wishes to announce that BHICAS has accepted a letter dated 12 August 2020 from MOD for the extension of the ISS Contract for another three (3) years, effective from 1 April 2020 (“the Extended LOA”) with an additional ceiling contract value of RM113.2 million. The new total ceiling contract value is RM548.2 million only. Apart from the extension of the Contract period and revision of Contract value, there are no significant differences between the substance of the Contract and the Extended LOA. The Extended LOA will contribute positively to the earnings of BHIC Group for the financial year ending 31 December 2020 to 31 December 2023. None of the directors or substantial shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the Extended LOA. This announcement is dated 1 September 2020

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	37,716	36,412	117,669	126,637
2	Profit/(loss) before tax	4,969	-490	27,202	344
3	Profit/(loss) for the period	4,109	3,275	23,926	1,916
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,109	3,275	23,926	1,916
5	Basic earnings/(loss) per share (Subunit)	1.65	1.32	9.63	0.77
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5600		0.4700

Type	Announcement
Subject	OTHERS
Description	PRESS STATEMENT ON BHIC REPORTS TO MACC ON POSSIBLE IRREGULARITIES ON LITTORAL COMBAT SHIP (LCS) PROJECT
We are pleased to enclose herewith the press release made by Boustead Heavy Industries Corporation Berhad . Please refer attachment below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3109563

Attachments BHIC Press Statement on Reports to MACC .pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	43,325	37,716	109,423	117,669
2	Profit/(loss) before tax	14,745	4,969	29,639	27,202
3	Profit/(loss) for the period	11,781	4,109	23,166	23,926
4	Profit/(loss) attributable to ordinary equity holders of the parent	11,781	4,109	23,166	23,926
5	Basic earnings/(loss) per share (Subunit)	4.74	1.65	9.32	9.63
6	Proposed/Declared dividend per share (Subunit)	0.00		0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3600		0.2600

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Type	Announcement
Subject	OTHERS
Description	LETTERS OF AWARD ISSUED TO CONTRAVES ADVANCED DEVICES SDN BHD (CAD) AND CONTRAVES ELECTRODYNAMICS SDN BHD (CED), BOTH BEING THE JOINT VENTURE COMPANIES OF BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD (BHIC or the COMPANY) FROM BOUSTEAD NAVAL SHIPYARD SDN BHD (BNS), A SUBSIDIARY OF BOUSTEAD HOLDINGS BERHAD (BHB).
1.  INTRODUCTION Reference is made to the announcements dated 9 April 2012, 2 October 2012 and 25 November 2014 in relation to various letters of award (“LOAs”) to CAD and/or Contraves Electrodynamics Sdn Bhd (“CED”), a wholly-owned subsidiary of CAD, from BNS, pertaining to, amongst others, procurement, engineering, integration and supply of combat management system, fire control, communication system, ammunition, radars, torpedos and missiles in relation to the contract for the design, construct, equip, install, commission, integrate, test, trials and delivery of the 6 (six) Second Generation Patrol Vessels with Littoral Combat Ships capability for the Royal Malaysian Navy (“LCS Programme”). The Company wishes to announce that CAD and CED had received a notice dated 23 August 2022 (“Notice”) that the LOAs issued by BNS to CAD and/or CED under the LCS Programme are void. 2.  RECIPIENTS AND ISSUER OF THE LOAs i) Background information of CAD and CED, the recipients of the LOAs CAD was incorporated on 27 October 1983 in Malaysia under the Companies Act, 1965. CAD is a 51%:49% joint venture company between BHIC Defence Technologies Sdn Bhd, a wholly-owned subsidiary of BHIC, and RD Investment AG. The principal activity of CAD is manufacturing of electronic products and maintenance of military and defence equipment. The current directors of CAD are Dr. Salihin Abang and Vice Admiral Dato’ Syed Zahiruddin Putra Syed Osman (R), both nominated by BHIC Defence Technologies Sdn Bhd, Mr. Gordon Douglas Hargreave and Mr. Frank Theodor Hoffman, both nominated by RD Investment AG. CED was incorporated on 23 February 2012 in Malaysia under the Companies Act, 1965. CED is a wholly owned subsidiary of CAD. The principal activity of CED is to provide and undertake system design, infrastructure and facilities, project management and integration works and services for the defence, commercial and industrial sectors, manufactures, installers, maintainers, repairers of and dealers in electrical and electronic appliances and apparatus. The current directors of CED are Dr. Salihin Abang and Mr. Gordon Douglas Hargreave. ii) Background information of BNS, the issuer of the LOAs BNS was incorporated on 13 June 1990 in Malaysia under the Companies Act, 1965. The principal activities of BNS are construction, repair and maintenance of naval ships, weapons and electronics, design and engineering, fabrication of steel structures and commercial shipbuilding. The shareholders of BNS are BHB, Lembaga Tabung Angkatan Tentera (“LTAT”), Perstim Industries Sdn Bhd, a wholly owned subsidiary of BHIC with 68.85%, 10.38%, 20.77% equity interest in BNS respectively and one (1) fully paid special share held by the Minister of Finance on behalf of Government of Malaysia. The current directors of BNS are Dato’ Ahmad Nazim Abd Rahman, Encik Izaddeen Daud, Laksamana Tan Sri Mohd Reza Mohd Sany, Tan Sri Dato’ Wira Aziah Ali and Encik Faisal @ Pisal Abdul Ghani. 3. FINANCIAL, LEGAL AND OPERATIONAL EFFECTS The financial, legal and operational effects following the receipt of the Notice to BHIC cannot be ascertained at this juncture. Further announcement on the financial effects, legal and operational impact following the issuance of the Notice together with any material development in relation to the foregoing will be announced to Bursa Malaysia Securities Berhad in due course. 4. APPROVALS REQUIRED The Notice is not subject to the approval of any authority and/or the shareholders of BHIC. 5. INTERESTS OF DIRECTORS’, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM Save for Dr. Salihin Abang and Vice Admiral Dato’ Syed Zahiruddin Putra Syed Osman (Retired), being the Directors in BHIC, CAD and CED, none of the directors or major shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the LOAs and Notice. 6. STATEMENT OF DIRECTORS The Board of BHIC is currently engaging professional advisers to assess available recourse in resolving this matter following the receipt of the Notice. The Company shall continue to engage all relevant stakeholders to give its full cooperation in ensuring that the progress of LCS Programme will not be impacted in the best interest of national security. This announcement is dated 2 September 2022.

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Type	Announcement
Subject	OTHERS
Description	BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD (BHIC OR THE COMPANY)  RECEIPT OF LETTER OF ACCEPTANCE FOR THE SUPPLY AND DELIVERY OF SPARES, MAINTENANCE AND TRAINING FOR BOFORS 57MM/L70 GUN FOR THE ROYAL MALAYSIAN NAVY BY BHIC BOFORS ASIA SDN BHD, A JOINT VENTURE COMPANY OF BHIC.
The Company wishes to announce that, on 12 September 2022, BHIC Bofors Asia Sdn Bhd (“BBA”) accepted a Letter of Acceptance from the Ministry of Defence Malaysia (“MOD”) dated 1st September 2022 (“LOA”) awarding BBA a contract for the supply and delivery of spares, maintenance and training for Royal Malaysian Navy’s Bofors 57MM/L70 Gun. The total contract value is RM15,723.000.00 (excluding Goods and Services Tax) for a period of three (3) years from the date of BBA’s acceptance of the award. A formal contract between MOD and BBA will be signed at a later date. BBA is a joint venture company between BHIC Defence Technologies Sdn Bhd (51%), a wholly-owned subsidiary of Boustead Penang Shipyard Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company, and BAE Systems Bofors Holdings Sdn Bhd (49%). The Contract will contribute positively to the future earnings of BHIC Group. BHIC, through BHIC Defence Technologies Sdn Bhd owns 51% equity interest in BBA. Further, Rozi Baharudin is a Director of BHIC and BBA and Ahmad Fazril Mohd Fauzi being the Chief Financial Officer of BHIC is a Director of BBA. Save for the interest of BHIC in BBA, none of the directors or substantial shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the LOA. The announcement is dated 12 September 2022.

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED DISPOSAL OF ALL THAT PIECE OF LAND MEASURING  9.782 ACRES KNOWN AS LOT NO. 6, INDUSTRIAL ZONE 7 (IZ 7) KOTA KINABALU INDUSTRIAL PARK (KKIP) WHICH IS HELD UNDER MASTER TITLE COUNTRY LEASE 015582153 AND MASTER TITLE COUNTRY LEASE 015691095, IN THE LOCALITY OF TELIPOK AND LOCALITY OF JALAN SEPANGGAR MENGGATAL IN THE DISTRICT OF KOTA KINABALU
The Board of Directors of Boustead Heavy Industries Corporation Berhad (“BHIC”) (“Board”) wishes to announce that BHIC Shipbuilding & Engineering Sdn Bhd (“BSE”), a wholly owned subsidiary of Boustead Penang Shipyard Sdn Bhd (“BPS”) which in turn is a wholly owned subsidiary of BHIC, had on 23 September 2022 entered into a conditional Sale and Purchase Agreement (“SPA”) with Jantoco Realty Sdn Bhd (“Jantoco” or the “Buyer”) for the proposed disposal of all that piece of land measuring 9.782 acres known as Lot 6, Industrial Zone 7 (IZ7), Kota Kinabalu Industrial Park (“KKIP”), in the locality of Telipok and locality of Jalan Sepanggar Menggatal in the District of Kota Kinabalu, off Jalan Tuaran, State of Sabah (“Property”) for a total cash consideration of Ringgit Malaysia Eighteen Million and Eight Hundred Thousand (RM18,800,000) only (“Disposal Consideration”) subject to the terms and conditions contained in the SPA (“Proposed Disposal”). Please refer to the attachment for details of this announcement. This announcement is dated 23 September 2022.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3294005

Attachments BHIC Announcement Proposed Disposal of KKIP Land Sabah.pdf

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BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-27092022-00001
Subject	PROPOSED DISPOSAL OF ALL THAT PIECE OF LAND MEASURING 9.782 ACRES KNOWN AS LOT NO. 6, INDUSTRIAL ZONE 7 (IZ 7) KOTA KINABALU INDUSTRIAL PARK (KKIP) WHICH IS HELD UNDER MASTER TITLE COUNTRY LEASE 015582153 AND MASTER TITLE COUNTRY LEASE 015691095, IN THE LOCALITY OF TELIPOK AND LOCALITY OF JALAN SEPANGGAR MENGGATAL IN THE DISTRICT OF KOTA KINABALU
Description	BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY")PROPOSED DISPOSAL OF ALL THAT PIECE OF LAND MEASURING 9.782 ACRES KNOWN AS LOT NO. 6, INDUSTRIAL ZONE 7 (IZ 7) KOTA KINABALU INDUSTRIAL PARK (KKIP) WHICH IS HELD UNDER MASTER TITLE COUNTRY LEASE 015582153 AND MASTER TITLE COUNTRY LEASE 015691095, IN THE LOCALITY OF TELIPOK AND LOCALITY OF JALAN SEPANGGAR MENGGATAL IN THE DISTRICT OF KOTA KINABALU
Query Letter Contents	We refer to your Company’s announcement dated 23 September 2022 in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1.       Based on the best estimate, to provide the detailed breakdown and timeframe of the intended utilisation of the proceeds for working capital requirements and estimated expenses. In addition, to clarify the differences between payment of professional fees as part of working capital and estimated expenses respectively; 2.       To incorporate justifications for the premium of about RM3.0 million or 19% over the market value of the Property of RM15.8 million; 3.       To state the particulars of any liabilities, including contingent liabilities, in relation to the Proposed Disposal which remain with the Boustead Heavy Industries Corporation Berhad Group (“BHIC Group”) (including any liability to be incurred to obtain written consent from the Developer), together with the details and justification for such arrangements; 4.        To state the particulars of any guarantees given by BHIC Group to Jantoco Realty Sdn Bhd; and 5.         The time and place where the Valuation Report prepared by C H Williams Talhar & Wong (Sabah) Sdn Bhd may be inspected.
Reference is made to the Bursa Malaysia's letter dated 27 September 2022 pertaining to the Company annnouncement made on 23 September 2022, the Company further wishes to provide the additional information as per Bursa Malaysia's request as attached. This announcement is dated 28 September 2022. Please refer attachment below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3295299

Attachments BHIC Reply to Query on Proposed Disposal KKIP (28 September 202) FINAL.pdf

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Type	Announcement
Subject	OTHERS
Description	BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD (BHIC OR THE COMPANY)THE RECEIPT OF A LETTER OF AWARD FOR THE SUBMARINE FACILITIES UPKEEP FOR THE ROYAL MALAYSIAN NAVY
Please refer attachment below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3430708

Attachments Announcement -Receipt of LOA for Submarine Facilities Upkeep for the RMN.pdf

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Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY")(I) PROPOSED DISPOSAL; AND(II) PROPOSED INTERCOMPANY TRADE RECEIVABLES SETTLEMENT AGREEMENT ("ITRSA") (PROPOSED ITRSA")(COLLECTIVELY REFERRED TO AS "PROPOSALS")
On behalf of the Board of Directors of BHIC, Malacca Securities Sdn. Bhd. (“Malacca Securities”) wishes to announce that BHIC has on 3 April 2024 issued a letter of agreement (“LOA”) to Lumut Naval Shipyard Sdn Bhd (formerly known as Boustead Naval Shipyard Sdn Bhd) ("LUNAS") and LUNAS has accepted the LOA to enter into an ITRSA after BHIC has obtained its shareholders’ approval for the Proposed ITRSA, which is one of the conditions precedent to be fulfilled in the share sale agreement dated 18 August 2023 in relation to the Proposed Disposal. Please refer to the attachment for further details. This announcement is dated 3 April 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3436112

Attachments BHIC - Announcement dated 3 April 2024.pdf