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【M&G 5078 交流专区】（前名 SILKHLD）
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发表于 6-11-2020 09:16 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | MARINE & GENERAL BERHAD (M&G OR COMPANY) DISPOSAL OF 40% EQUITY INTEREST IN M&G SUTERA 8 SDN BHD BY M&G MARINE LOGISTICS HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF M&G (DISPOSAL) | The Board of Directors of M&G (“Board”) wishes to announce that M&G Marine Logistics Holdings Sdn Bhd (“MGML”), a wholly-owned subsidiary of the Company, had, on 20 July 2020, entered into a subscription agreement (“Subscription Agreement”) with Muhibbah Engineering (M) Bhd (“MEB”) where MEB will subscribe for 40% equity interest in M&G Sutera 8 Sdn Bhd (“MGS8”).
MGS8 is currently a wholly-owned subsidiary of MGML, and accordingly, is a wholly-owned subsidiary of the Company. As such, upon completion of the Subscription Agreement, the Company will be deemed to have disposed of 40% equity interest in MGS8.
Further details of the Disposal are set out in the attachment.
This announcement is dated 21 July 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3070208
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发表于 9-11-2020 09:58 AM
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Type | Announcement | Subject | OTHERS | Description | MARINE & GENERAL BERHAD- SUSPENSION OF WORK ORDER FOR THE PROVISION OF ONE (1) UNIT OF ANCHOR HANDLING TUG AND SUPPLY VESSEL FOR REPSOL OIL & GAS MALAYSIA LIMITED | The Board of Directors of Marine & General Berhad (“M&G”) would like to announce that Jasa Merin (Malaysia) Sdn Bhd (“JMM”), a subsidiary of M&G, had on 26 May 2020 received a notice from Repsol Oil & Gas Malaysia Limited (“Repsol”) that it will be suspending the Work Order awarded to JMM.
The details of the Work Order affected, is as follows:
Original Expiry Date | Off-hire Date | Affected Contract Value (RM million) | 31 October 2020 | 8 June 2020 | 5.5 |
JMM received the approval from Repsol for the announcement on 22 July 2020.
FINANCIAL EFFECTS
The suspension is expected to reduce the revenue of M&G for the financial period ending 30 April 2021 by RM 5.5 million. The suspension is not expected to have any effect on the share capital and shareholding structure of M&G.
DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
None of the Directors and/or major shareholders and/or persons connected to the Directors and/or major shareholders have any direct or indirect interest in the suspension.
This announcement is dated 23 July 2020.
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发表于 22-11-2020 08:30 AM
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icy97 发表于 4-11-2020 08:04 AM
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3069481
Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS | Description | MARINE & GENERAL BERHAD ("M&G") OR "THE COMPANY")- ACQUISITION OF THE REMAINING 30% EQUITY INTEREST IN TKH MARINE (L) LTD, CURRENTLY A 70%-OWNED SUBSIDIARY OF THE COMPANY | Reference is made to the announcement made on 17 July 2020. Unless otherwise stated, defined terms used in this announcement shall have the same meaning as those in the announcement.
The Board of Directors of M&G would like to announce that the Acquisition has been completed on 30 July 2020. Following the completion of the Acquisition, TKH Marine (L) Ltd is now an indirect wholly-owned subsidiary of M&G.
This announcement is dated 30 July 2020.
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发表于 22-11-2020 08:30 AM
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icy97 发表于 6-11-2020 09:16 AM
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3070208
Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS | Description | MARINE & GENERAL BERHAD ("M&G") OR "THE COMPANY")- DISPOSAL OF 40% EQUITY INTEREST IN M&G SUTERA 8 SDN BHD BY M&G MARINE LOGISTICS HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF M&G ("DISPOSAL") | Reference is made to the announcement made on 21 July 2020. Unless otherwise stated, defined terms used in this announcement shall have the same meaning as those in the announcement.
The Board of Directors of M&G would like to announce that the Disposal has been completed on 30 July 2020. Following the completion of the Disposal, M&G Sutera 8 Sdn Bhd is now a 60%-owned subsidiary of M&G Marine Logistics Holdings Sdn Bhd, which in turn is a direct wholly-owned subsidiary of M&G.
This announcement is dated 30 July 2020.
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发表于 22-11-2020 10:16 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Apr 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Apr 2020 | 30 Apr 2019 | 30 Apr 2020 | 30 Apr 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 54,869 | 0 | 213,554 | 0 | | 2 | Profit/(loss) before tax | -23,779 | 0 | -65,527 | 0 | | 3 | Profit/(loss) for the period | -24,032 | 0 | -66,363 | 0 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -17,307 | 0 | -49,622 | 0 | | 5 | Basic earnings/(loss) per share (Subunit) | -2.39 | 0.00 | -6.86 | 0.00 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| 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 ($$) | 0.0578 | 0.1263
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发表于 11-12-2020 05:50 AM
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icy97 发表于 29-2-2020 07:05 AM
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3005345
Type | Announcement | Subject | MULTIPLE PROPOSALS | Description | MARINE & GENERAL BERHAD (M&G OR THE COMPANY)(I) PROPOSED ISSUANCE; AND(II) PROPOSED SUBSCRIPTION(COLLECTIVELY REFERRED TO AS THE PROPOSALS) | Reference is made to the Circular to Shareholders dated 16 December 2019 and announcements dated 27 November 2019, 29 November 2019, 3 December 2019, 13 December 2019 and 31 December 2019 (collectively “the Announcements”). Unless otherwise stated, defined terms and abbreviations used in this announcement shall have the same meanings as those in the Announcements.
The Board of Directors of Marine & General Berhad (“M&G” or “Company”) would like to announce that its subsidiary, Jasa Merin (Malaysia) Sdn Bhd ("JMM") has on 13 August 2020, completed the issuance of RM150 million Irredeemable Preference Shares ("JMM PS") to Affin Bank Berhad (“ABB”), Bank Pembangunan Malaysia Berhad (“BPMB”) and Maybank Islamic Berhad (“MIB”) [collectively “Lenders”] as part of its debt restructuring exercise agreed under the Corporate Debt Restructuring Committee (“CDRC”) assisted mediation process.
In addition, M&G on 13 August 2020, also successfully completed the subscription of 132,934,501 new Cumulative Non-Convertible Redeemable Preference Shares ("CN-RPS") in JMM.
The issuance of the JMM PS and subscription to the CN-RPS, both of which have been approved by M&G’s shareholders at the Company’s Extraordinary General Meeting (“EGM”) held on 31 December 2019, are part of the overall effort undertaken by M&G to restructure the outstanding amounts of JMM due to its Lenders. The debt restructuring, undertaken as part of the mediation process between JMM and its Lenders under the auspices of the CDRC, involves the following: - Upfront payment to the Lenders of RM 50 million;
- Settlement of the outstanding amounts amounting to RM150 million via the issuance of the JMM PS; and
- Granting to JMM and its affected subsidiaries additional time to settle the balance outstanding amount of RM 723.2 million by way of a term financing.
This issuance of the JMM PS reduces the indebtedness of the JMM and its subsidiaries to its Lenders by RM 150 million, resulting in interest savings of RM 7.65 million per annum based on the effective interest rate of the term financing of 5.1% per annum.
The subscription to the CN-RPS meanwhile is undertaken to capitalize the amount owing by JMM to M&G, which would reduce JMM’s debt without any cash outflow, preserving its cash resources for other purposes, such as working capital requirements. Further, the capitalization of the amount owing to M&G will increase JMM’s capital base, which is expected to place JMM and its subsidiaries on a stronger footing.
This announcement is dated 13 August 2020.
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发表于 13-12-2020 08:44 AM
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Date of change | 17 Aug 2020 | Name | DATO' HAJI RAZALI BIN MOHD YUSOF | Age | 61 | Gender | Male | Nationality | Malaysia | Designation | Independent Director | Directorate | Independent and Non Executive | Type of change | Resignation | Reason | Dato' Haji Razali bin Mohd Yusof has been appointed to the Board of Petroliam Nasional Berhad ("Petronas") on 17 August 2020. In order to avoid any potential conflict of interest arising from his appointment to the Board of Petronas, Dato' Haji Razali bin Mohd Yusof has tendered his resignation as a Director of Marine & General Berhad. | 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 shareholders | No |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Others | Bachelor of Science in Mining Engineering and Master of Science in Engineering Management | University of Missouri | |
Working experience and occupation | Dato' Haji Razali bin Mohd Yusof has held various key positions in a number of private and multinational companies in Malaysia. He has over 25 years experiences in the mining and oil & gas industry, having held many roles ranging from developing businesses, managing critical projects, organisational development and providing advisory and consultancy services. | Family relationship with any director and/or major shareholder of the listed issuer | Not applicable | Any conflict of interests that he/she has with the listed issuer | Not applicable | Details of any interest in the securities of the listed issuer or its subsidiaries | Direct interest: 2,000,000 ordinary sharesDeemed interest through Titian Tegap Sdn Bhd: 30,000,000 ordinary shares |
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发表于 19-1-2021 08:07 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Jul 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Jul 2020 | 31 Jul 2019 | 31 Jul 2020 | 31 Jul 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 55,289 | 53,508 | 55,289 | 53,508 | | 2 | Profit/(loss) before tax | -19,164 | -12,924 | -19,164 | -12,924 | | 3 | Profit/(loss) for the period | -19,166 | -13,015 | -19,166 | -13,015 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -14,973 | -8,434 | -14,973 | -8,434 | | 5 | Basic earnings/(loss) per share (Subunit) | -2.07 | -1.17 | -2.07 | -1.17 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.0361 | 0.0578
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发表于 19-1-2021 08:08 AM
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本帖最后由 icy97 于 25-1-2021 08:31 AM 编辑
Type | Announcement | Subject | OTHERS | Description | MARINE & GENERAL BERHAD (M&G OR THE COMPANY)- BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) PN17 RELIEF MEASURES RESULTING IN M&G TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER | 1. INTRODUCTION
The Board of Directors (“the Board”) of M&G wishes to announce that on 31 July 2020, the Company has triggered the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(a) of Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Securities (“MMLR”) where M&G’s shareholders’ equity on a consolidated basis is less than 25% of the share capital and such shareholders’ equity is less than RM40 million. The ratio of M&G’s shareholders’ equity on a consolidated basis as at financial period ended 31 July 2020 is 9.7% and such shareholders’ equity is RM26.1 million.
2. BURSA RELIEF MEASURES
Bursa Securities had via its letter dated 16 April 2020 granted affected listed issuers relief from complying with the obligations under Paragraph 8.04 and PN17 of the MMLR (“PN17 Relief Measures”) from 17 April 2020 to 30 June 2021 (“Relief Period”). The PN17 Relief Measures will be available to the listed issuer if it triggers any one of the following criteria under PN17 of the MMLR (“Suspended Criteria”):- - The shareholders’ equity on a consolidated basis is 25% or less of its share capital (excluding treasury shares) and such shareholders’ equity is less than RM40 million;
- The auditors have highlighted a material uncertainty relating to going concern or expressed a qualification on the listed issuer’s ability to continue as a going concern in its latest audited financial statement and its shareholders’ equity on a consolidated basis is 50% or less of its share capital (excluding treasury shares); and
- Default in payment by the listed issuers, its major subsidiaries or major associated company, as the case may be, as announced pursuant to Paragraph 9.19A of the MMLR and the listed issuer is unable to provide a solvency declaration to the Exchange.
Under the PN17 Relief Measures:- - An affected listed issuer that triggers any of the Suspended Criteria during the Relief Period will not be classified as PN17 listed issuer and will not be required to comply with the obligations pursuant to Paragraph 8.04 and PN17 of the MMLR for a period of 12 months from the date of triggering the criteria;
- The affected listed issuer will still be required to make an immediate announcement that it has triggered the Suspended Criteria and the relief provided (“Relief Announcement”);
- Upon the expiry of the 12 months from the Relief Announcement, the affected listed issuer must re-access its condition and announce whether it continues to trigger any of the criteria in PN17 of the MMLR;
- If the affected listed issuer continues to trigger any of its criteria of PN17 of the MMLR, it will then be classified as a PN17 listed issuers and must comply with all the obligations under Paragraph 8.04 and PN 17 of the MMLR, including the obligation to submit a regularization plan to the relevant authorities within 12 months of the said Announcement.
3. BACKGROUND AND STATUS AS AT TODATE
On 6 February 2018, Jasa Merin (Malaysia) Sdn. Bhd. (“Jasa Merin”), a subsidiary held through AQL Aman Sdn. Bhd. (“AQL”), received approval from the Corporate Debt Restructuring Committee of Bank Negara Malaysia for Jasa Merin’s application for assistance to mediate between Jasa Merin and its subsidiaries with their lenders (“Lenders”).
The Group has proposed a debt restructuring scheme (“PDRS”) to the respective Lenders which includes: - a 12-month moratorium on repayment of borrowings to the respective Lenders, commencing from the first drawdown date of the PDRS (“Moratorium”);
- a RM50 million upfront proportionate cash payment to the Lenders (“Upfront Payment”);
- partial settlement of the outstanding debts amounting to RM150 million via the issuance of irredeemable preference shares of RM1.00 each by Jasa Merin to the Lenders (“JMM PS”). The JMM PS in turn, may be presented and surrendered to the Company in exchange for new ordinary shares of the Company based on an exchange ratio of one (1) JMM PS for ten (10) new ordinary shares of the Company (“Share Exchange”); and
- granting to Jasa Merin and its subsidiaries, namely JM Global 3 (Labuan) Plc and JM Global 4 (Labuan) Plc, additional time to settle the balance of RM728.3 million by way of term financings.
The Share Exchange was approved by the shareholders of the Company at an Extraordinary General Meeting held on 31 December 2019. Subsequently, Jasa Merin paid the Upfront Payment in January 2020, and completed all the Facility and Security agreements on 5 May 2020.
The PDRS was completed on 13 August 2020 following the issuance of RM150 million JMM PS to extinguish RM150 million of the existing debts to the Lenders and the drawdown of the remaining term financings on that date.
Following the completion of the PDRS, Jasa Merin has recognised RM106.8 million gain comprising gain on the restructuring of debts and gain from the issue of JMM PS to the Lenders.
Based on the financial position at 31 July 2020, the restructuring gain has resulted in increasing M&G’s shareholders’ equity from RM26.1 million to RM100.9 million. Please refer to the attachment for details of Proforma Consolidated Statements of Financial Position as at 31 July 2020.
4. CONCLUSION
In view of the above, M&G no longer triggers the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(a) of PN17.
This announcement is dated 22 September 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3089841
Type | Announcement | Subject | OTHERS | Description | MARINE & GENERAL BERHAD (M&G OR THE COMPANY)- BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) PN17 RELIEF MEASURES RESULTING IN M&G TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER | Reference is made to the announcement of the above description made on 22 September 2020.
The Board of Directors of Marine & General Berhad (“M&G” or “the Company”) wishes to clarify that, based on the unaudited management accounts of M&G as at 31 August 2020, the shareholders’ equity has increased from RM26.1 million as at 31 July 2020 to RM93.8 million and the ratio of the shareholders’ equity to share capital on a consolidated basis is 34.8%.
In view of the above, M&G no longer triggers the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(a) of PN17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Please refer to the attachment of this announcement for the details of the unaudited management accounts as at 31 August 2020.
This announcement is dated 25 September 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3091015
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发表于 29-3-2021 07:50 AM
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本帖最后由 icy97 于 6-8-2021 09:40 AM 编辑
Date of change | 01 Nov 2020 | Name | ENCIK ABDUL RAHMAN BIN ALI | Age | 59 | Gender | Male | Nationality | Malaysia | Designation | Non-Independent Director | Directorate | Executive | Type of change | Appointment |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Others | N/A | Sekolah Menengah Kebangsaan Sultan Sulaiman | Malaysian Certificate of Education |
Working experience and occupation | Abdul Rahman bin Ali ("ARA") was appointed to the Board of Jasa Merin (Malaysia) Sdn Bhd on 12 April 2006 and is currently its Executive Vice Chairman.He provides strategic business direction for Jasa Merin (Malaysia) Sdn Bhd and Jasa Merin (Labuan) Plc., which are primarily involved in the provision of Offshore Support Vessel services and Oil & Chemical tankers, serving the Upstream and Downstream sectors of the oil and gas industry.ARA has over 40-years business experience in the construction industry having ventured into the construction business in the early 1980s. He is a major shareholder in a construction and property development company, Daya Prestasi Sdn Bhd.Between 1991 to 1997, he also served on the Board of several companies involved in shipping and marine related businesses.He also has more than 30-years business experience in the ship maintenance and ship repair sector via his company Focus Marine Sdn Bhd, which mainly serves the Offshore Support Vessels industry.In 2006, he led the management buyout ("MBO") of 70% equity interest in Jasa Merin (Malaysia) Sdn Bhd via AQL Aman Sdn Bhd, which was later injected into Marine & General Berhad in 2009. | Directorships in public companies and listed issuers (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 - 192,781,751 ordinary shares |
SUMMARY OF KEY FINANCIAL INFORMATION
31 Oct 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Oct 2020 | 31 Oct 2019 | 31 Oct 2020 | 31 Oct 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 47,565 | 54,842 | 102,854 | 108,351 | | 2 | Profit/(loss) before tax | 83,007 | -15,465 | 63,843 | -28,388 | | 3 | Profit/(loss) for the period | 82,954 | -15,416 | 63,787 | -28,429 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 56,065 | -12,149 | 41,082 | -20,582 | | 5 | Basic earnings/(loss) per share (Subunit) | 7.75 | -1.68 | 5.68 | -2.84 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| 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 ($$) | 0.1159 | 0.0578
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发表于 7-10-2021 07:47 AM
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Type | Announcement | Subject | OTHERS | Description | MARINE & GENERAL BERHAD ("M&G" or "the Company")- DEVIATION OF 10% OR MORE BETWEEN THE ANNOUNCED UNAUDITED FINANCIAL STATEMENTS AND THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 APRIL 2021 | Reference is made to the announcements of the unaudited 4th quarter financial results ended 30 April 2021 (“Q4 2021 unaudited financial results”) and the audited financial statements of the Company for the financial year ended 30 April 2021 (“AFS”) which were released to Bursa Malaysia Securities Berhad (“Bursa Securities”) on 30 July 2021 and 30 September 2021 respectively.
Pursuant to paragraph 9.19(35) of the Main Market Listing Requirements of Bursa Securities, the Board of Directors of M&G wishes to announce that there is a variance of more than 10% between the AFS and the Q4 2021 unaudited financial results, in respect of the net profit after tax and minority interests of M&G of RM9.05 million in the AFS as compared to RM10.15 million as announced in the Q4 2021 unaudited financial results.
Please refer to the attachment for further details.
This announcement is dated 6 October 2021. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3198808
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发表于 14-11-2021 07:20 AM
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Date of change | 29 Oct 2021 | Name | TAN SRI RAZMAN MD HASHIM BIN CHE MD HASHIM | Age | 82 | Gender | Male | Nationality | Malaysia | Designation | Deputy Chairman | Directorate | Independent and Non Executive | Type of change | Resignation | Reason | Retirement | 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 shareholders | No |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information |
Working experience and occupation | Tan Sri Datuk Seri Razman joined Standard Chartered Bank Malaysia Berhad as an officer Trainee in 1964. Throughout his 34 years of banking experience in Standard Chartered Bank Malaysia Berhad, he served with the banks offices in London, Europe, Hong Kong and Singapore. In 1994, he was appointed as Executive Director/Deputy Chief Executive of Standard Chartered Bank Malaysia Berhad until his retirement in June 1999. In the same month in 1999, he was appointed as Chairman of MBF Finance Berhad by Bank Negara Malaysia as its nominee until January 2002 when the finance company was sold to Arab-Malaysian Group. He was then appointed by Bank Negara Malaysia as an Independent Director of Affin Bank Berhad in May 2002 until May 2009. |
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发表于 27-9-2022 09:00 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Jul 2022 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Jul 2022 | 31 Jul 2021 | 31 Jul 2022 | 31 Jul 2021 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 75,334 | 44,657 | 75,334 | 44,657 | | 2 | Profit/(loss) before tax | -986 | -22,985 | -986 | -22,985 | | 3 | Profit/(loss) for the period | -1,062 | -22,908 | -1,062 | -22,908 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -947 | -17,175 | -947 | -17,175 | | 5 | Basic earnings/(loss) per share (Subunit) | -0.04 | -0.77 | -0.04 | -0.77 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.0403 | 0.0391
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发表于 30-9-2023 05:04 PM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Jul 2023 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Jul 2023 | 31 Jul 2022 | 31 Jul 2023 | 31 Jul 2022 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 84,628 | 75,334 | 84,628 | 75,334 | | 2 | Profit/(loss) before tax | 11,371 | -986 | 11,371 | -986 | | 3 | Profit/(loss) for the period | 11,303 | -1,062 | 11,303 | -1,062 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 7,411 | -947 | 7,411 | -947 | | 5 | Basic earnings/(loss) per share (Subunit) | 0.33 | -0.04 | 0.33 | -0.04 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| 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 ($$) | 0.1200 | 0.1082
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发表于 21-3-2024 11:04 PM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Jan 2024 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Jan 2024 | 31 Jan 2023 | 31 Jan 2024 | 31 Jan 2023 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 88,404 | 73,694 | 264,861 | 231,119 | | 2 | Profit/(loss) before tax | 18,145 | -1,375 | 41,511 | 21,215 | | 3 | Profit/(loss) for the period | 17,904 | -1,304 | 41,121 | 21,123 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 13,281 | -905 | 28,914 | 14,814 | | 5 | Basic earnings/(loss) per share (Subunit) | 0.60 | -0.04 | 1.30 | 0.67 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.1583 | 0.1082
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发表于 28-3-2024 01:04 PM
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Type | Announcement | Subject | OTHERS | Description | MARINE & GENERAL BERHAD (M&G)- DISPOSAL OF VESSEL BY M&G TANKERS SDN. BHD., AN INDIRECT WHOLLY OWNED SUBSIDIARY OF M&G | INTRODUCTION
The Board of Directors ("Board") of Marine & General Berhad ("M&G" or "the Company") wishes to announce that a wholly owned subsidiary of M&G namely, M&G Tankers Sdn. Bhd. (“M&G”) had on 26 March 2024 disposed its vessel, JM Sutera 5 for a total cash consideration of USD5.55 million (equivalent to approximately RM26.21 million) to Kalianda Permata Transport Pte. Ltd., Singapore (“the Disposal”).
MGT was duly incorporated on 26 June 2018. MGT has a paid-up share capital valued at RM70,022,710 and is principally engaged in the provision of marine logistics services.
DETAILS OF THE DISPOSAL
The disposal involved the sale of a vessel namely, JM Sutera 5 for a total cash consideration of USD5.55 million (equivalent to approximately RM26.21 million) to an external party, Kalianda Permata Transport Pte. Ltd., Singapore, on a willing buyer and willing seller basis.
The cost of investment for JM Sutera 5 was USD5.42 million with the net carrying value recorded at USD4.36 million as at 26 March 2024.
The disposal price of JM Sutera 5 of USD5.55 million arrived at a willing buyer-willing seller basis based on net proceeds of USD5.46 million plus the estimated disposal costs of USD91,000 comprising mainly the brokerage, legal and escrow agent fees. The vessel was last valued in January 2023 at USD4.2 million.
RATIONAL FOR THE DISPOSAL
The net disposal proceeds will provide part of the financing required for M&G’s fleet optimisation strategy. M&G intends to reinvest in new chemical tankers to renew its vessel fleet. Actual decision on the reinvestment will be dependent on market demand and charterer requirements.
FINANCIAL IMPACT OF THE DISPOSAL
The Disposal will not have any effect on the issued and paid-up capital and shareholdings of the substantial shareholders of M&G. Gain on disposal of the vessel amounting to approximately USD1.09 million (equivalent to approximately RM5.15 million) will contribute positively to the Group earnings, net assets and gearing of the Group.
DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST
None of the directors or major shareholders or person connected to the directors or major shareholders has any interest, direct or indirect in the Disposal.
APPROVAL REQUIRED
The Disposal, being of a revenue nature and transacted in the ordinary course of business, is not subject to shareholders or regulatory bodies’ approval.
This announcement is dated 26 March 2024.
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发表于 5-4-2024 02:23 AM
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Type | Announcement | Subject | OTHERS | Description | MARINE & GENERAL BERHAD ("M&G" OR "THE COMPANY")- DISPOSAL OF VESSELS BY THE WHOLLY OWNED SUBSIDIARIES OF M&G | Reference is made to the announcements by the Company on 26 December 2023, 4 January 2024 and 26 March 2024.
The Company would like to clarify that the net disposal proceeds from the disposal of the two clean petroleum product ("CPP") tankers, namely JM Sutera 5 being a 17 year old tanker, and JM Sutera 7 being a 15 year old tanker, amounted to RM51 million.
After repayment of vessel financings, shareholder’s loan, redemption of preference shares and utilisation for working capital, the balance of the proceeds amount to RM 29 million. This sum will provide part of the financing required for M&G’s fleet renewal and optimisation strategy to replace its aging CPP tankers. M&G plans to renew its fleet by investing in additional chemical and CPP tankers that meet charterers requirements and taking into account environmental considerations.
The Board expects the renewal and optimisation programme to take approximately 2 years. However, the actual decision on the renewal and optimisation can only be finalised after decisions are made by prospective clients.
This announcement is dated 4 April 2024. |
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发表于 12-4-2024 12:58 PM
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Type | Announcement | Subject | OTHERS | Description | MARINE & GENERAL BERHAD ("M&G" OR "THE COMPANY")- DISPOSAL OF VESSELS BY THE WHOLLY OWNED SUBSIDIARIES OF M&G | Reference is made to the announcements made by the Company on 4 April 2024.
The Company would like to further break down the utilisation of the net disposal proceeds arising from the disposal of the two clean petroleum product ("CPP") tankers by the Company’s wholly-owned subsidiaries namely TKH Marine (L) Ltd. (“TKH”) and M&G Tankers Sdn. Bhd. (“MGT”). As explained previously, the net disposal proceeds from the disposal of the tankers amounted to RM51 million. A portion of this was utilised as follows:
Item
| Amount Utilised (RM,000) | Repayment of vessel financings by MGT | 6,000 | Repayment of shareholder’s loan by TKH | 4,100 | Redemption of preference shares by MGT | 6,600 | Working capital for TKH, MGT and Jasa Merin (Labuan) Ltd. | 5,300 | Total | 22,000 |
As mentioned in the previous announcement, the remaining proceeds from the disposal of the vessels amounting to RM29 million will provide part of the financing required for M&G’s fleet renewal and optimisation strategy. This strategy is part of the initiative to replace its aging CPP tankers and replace it with a more versatile chemical tanker or a newer CPP tanker that meet charterers requirements taking into account new environmental considerations.
A further announcement will be made when the renewal and optimisation programme is firmed.
This announcement is dated 9 April 2024.
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