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【KOSSAN 7153 交流专区】高产尼品工业
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发表于 11-4-2020 06:38 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | PROPOSED DISPOSAL BY IDEAL QUALITY SDN. BHD. (199601032612 (404964-P)) ("IQ" OR "VENDOR"), A WHOLLY OWNED SUBSIDIARY OF KOSSAN, OF THE VACANT FREEHOLD INDUSTRIAL LAND OF APPROXIMATELY 390,397 SQUARE METRES (4,202,194.27 SQUARE FEET) TO LIANSHENG PAPER (MALAYSIA) SDN. BHD. (201901045774 (1355104-X)) ("LSP" OR "PURCHASER") FOR A TOTAL CASH CONSIDERATION OF RM147,749,148.00 ("PROPOSED DISPOSAL") | 1. INTRODUCTION The Board of Directors of Kossan Rubber Industries Bhd. (“Kossan” or “Company”) (“Board”) wishes to announce that IQ had on 15 January 2020 entered into a conditional sale and purchase agreement (“SPA”) with LSP for the disposal of the vacant freehold industrial land measuring approximately 390,397 sq. metres (4,202,194.27 sq.ft) (“Land”) in the District of Kuala Langat, State of Selangor for a total cash consideration of RM 147,749,148.00.
2. DETAILS OF THE PROPOSED DISPOSAL 2.1 Proposed disposal The proposed disposal involves the disposal by the Vendor to the Purchaser of the Land on a “as is where is basis” free from all encumbrances with vacant possession and subject to the category of land use and all restrictions and conditions of title to the Land, whether expressed or implied, in the document of title and upon the terms and conditions of the SPA.
2.2 Information on the Land Registered owner | : | IQ | Title details | : | HS(D) 39425 PT 41538, Mukim Tanjong Duabelas, Daerah Kuala Langat, Negeri Selangor. | Area | : | 390,397 sq. metres (4,202,194.27 sq.ft.) | Category of land use | : | Industrial | Express conditions | : | Heavy industry | Existing usage | : | Vacant | Market value | : | RM 145,000,000 | Valuer | : | Raine & Horne International Zaki + Partners Sdn. Bhd. (198301004235 (99440-T)) | Date of valuation | : | 3 January 2020 | Audited net book value (“NBV”) as at 31 December 2018 | : | RM 96,697,695 |
2.3 Method of valuation In arriving at the Market Value of the Land, the Valuer used the Comparison Approach of Valuation.
2.4 Salient terms of the SPA 2.4.1 Special Condition a) In consideration of the Purchaser entering into the SPA, the Vendor grants the Purchaser an exclusive and irrevocable option to elect whether to proceed with the SPA (“Option”). The Option is exercisable in writing within a period of 10 months (“Election Period”) from the date of the SPA.
b) In the event the Purchaser elects to proceed with the SPA, the date the Vendor’s solicitor receives the notice of election is the Election Date.
c) The Purchaser shall as soon as reasonably practicable after the Election Date proceed to apply for section 433B Consent.
d) In the event the Purchaser elects not to proceed with the SPA, the Vendor shall be entitled to forfeit absolutely a sum of RM5 million from the Deposit Sum as agreed liquidated damages.
2.4.2 Conditions Precedent The completion of the SPA is subject to the following conditions precedent being fulfilled within 3 months or such extended period as the parties may agree from the Election Date:-
a) the Purchaser having obtained the written approval of the State Authority of Selangor (“Section 433B Consent”); and
b) if required, the Purchaser having obtained the Government of Malaysia’s Economic Planning Unit’s (“EPU”) approval pursuant to the “Guidelines on the Acquisition of Properties 2014” for the acquisition of the Land or the letter from EPU confirming that EPU’s approval is not required (“EPU Confirmation”).
c) The SPA shall become unconditional upon fulfillment of the conditions precedent.
2.4.3 Payment of the Purchase Price 2.4.3.1 The Purchase Price shall be paid by the Purchaser in the following manner:- a) a sum of RM2,000,000.00, being the earnest deposit (“Earnest Deposit”) shall be paid to the Vendor within 3 working days from the execution of the SPA;
b) a sum of RM12,774,914.80, being the balance deposit sum (“Balance Deposit Sum”) shall be paid within 7 working days from the execution of the SPA;
c) a sum of RM132,974,233.20, being the balance purchase price (“Balance Purchase Price”) shall be paid within 2 months from the Election Date “Completion Period”).
2.4.3.2 In the event that the Purchaser fails to pay the Earnest Deposit within 3 working days from the execution of the SPA, the Vendor shall be entitled to terminate the SPA with neither party having any claims against each other.
2.4.3.3 In the event the Purchaser is unable to pay the Balance Deposit Sum, the Vendor shall grant the Purchaser an extension of 7 working days with interest at 6% per annum, calculated daily. If the Purchaser fails to pay the Balance Deposit Sum and the late payment interest within 14 working days from the date of execution of SPA, the Vendor is entitled to terminate the SPA and forfeit the Earnest Deposit.
2.4.3.4 In the event the Purchaser is unable to pay the Balance Purchase Price by the expiry of the Completion Period, the Vendor shall grant the Purchaser an extension of 1 month (“Extended Completion Period”) subject to the Purchaser paying an interest at 6% per annum, calculated daily for the whole of the Extended Completion Period. If the Purchaser fails to pay the Balance Purchase Price by the expiry of the Completion Period or Extended Completion Period, as the case may be, the Vendor shall be entitled to terminate the SPA and forfeit the Deposit as agreed liquidated damages.
2.4.4 Application for transfer a) In the event the conditions precedent cannot be fulfilled within 3 months from the Election Date or within such extension period mutually agreed by both the Vendor and the Purchaser, the SPA shall automatically be terminated and of no effect and neither party shall have any claims whatsoever nature against each other except for antecedent breaches.
b) In the event the conditions precedent cannot be fulfilled solely and directly as a result of the Purchaser not obtaining the requisite approval from the Department of Environment and/or the issue of manufacturing licence, a sum of RM5 million shall be forfeited by the Vendor as agreed liquidated damages.
2.4.5 Completion of SPA The completion of the SPA shall take place upon the receipt of the Balance Purchase Price and the late payment interest, if any, by the Vendor’s solicitor, provided all conditions precedent have been fulfilled (“Completion”).
2.5 Basis of Disposal The disposal consideration was arrived at on a willing buyer willing seller basis after taking into account the following:
a) the Net Book Value of the Land of RM 96,697,695 based on the latest audited consolidated financial statements of Kossan at 31 December 2018; and
b) the market valuation of the land carried out by Raine & Horne International Zaki + Partners Sdn. Bhd. (“Valuer”), an independent firm of registered valuer appointed by the Vendor. The Valuer had vide its valuation certificate dated 3 January 2020 (“Valuation Certificate”) assessed the market value of the land at RM145,000,000.
2.6 Information on the Vendor IQ was incorporated as a private limited company in Malaysia under the Companies Act 1965 on 7 October 1996. IQ is principally involved in the manufacture and sale of examination gloves.
IQ has an issued share capital of RM500,000.00 comprising 500,000 ordinary shares.
The directors of IQ are Messrs. Lim Kuang Yong and Lim Leng Bung.
2.7 Information on the Purchaser Liansheng Paper (Malaysia) Sdn. Bhd. (“LSP”) was incorporated as a private limited company in Malaysia under the Companies Act 2016 on 19 December 2019. LSP is principally involved in the manufacture of pulp, paper and paperboard.
As at 14 January 2020, being the latest practicable date prior to this announcement (“LPD”) its issued share capital is RM 1.00 comprising of 1 ordinary share hold by Fan Lele.
As at the LPD the directors of LSP are Lee Shuk Yee and Fan Lele.
2.8 Original cost and date of investment The Land was acquired on 30/8/2017 for RM95,987,817.
2.9 Liabilities to be assumed by Purchaser The Purchaser shall not be liable for and all liabilities in connection with the Proposed Disposal.
3. RATIONALE FOR THE DISPOSAL The Board is constantly evaluating the long term strategies of the gloves business of the Company and its subsidiaries. This includes assessing the ways which the Company can maximize its business operations with a view to improve efficiency, reduce duplicating operating expenses and achieving synergistic savings.
Towards this objective the Group had on 12/3/2018 acquired 2 pieces of leasehold industrial land measuring about 824 acres in Bidor, Perak with a view to consolidate/centralise all future business expansion to this site.
The Proposed Disposal provides an opportunity for Kossan to unlock and realize the value of the Land, which is currently not economically utilised and the funds so raised will be utilised to hasten the development of the Bidor land. The Proposed Disposal appears to be an attractive offer, the acceptance is in line with the Company’s objective to enhance shareholders value.
4. PROPOSED UTILISATION OF PROCEEDS The disposal proceeds to be generated from the Proposed Disposal will be utilised for working capital purposes and defray expenses incidental to the Proposed Disposal including real property gains tax and professional fees.
5. RISKS FACTORS 5.1 Completion Risk The completion of the Proposed Disposal is subject to fulfillment of the conditions precedent to the SPA. In the event any of these conditions is not fulfilled, the SPA will terminate and Kossan will not be able to complete the Proposed Disposal. Notwithstanding this, the Company will take all reasonable steps to ensure the fulfillment of the conditions precedent for the purpose of completing the Proposed Disposal.
6. EFFECTS OF THE PROPOSED DISPOSAL 6.1 Issued share capital and substantial shareholders’ shareholding The Proposed Disposal will not have any effect on the issued share capital and substantial shareholders’ shareholding of Kossan.
6.2 Net Assets (“NA”), Gearing and Earnings Upon the completion of the Proposed Disposal, it is expected to result a net gain of approximately RM 35.4 million. The proforma effects of the Proposed Disposal on the NA per share, gearing and earnings per share of Kossan, based on the latest audited consolidated financial statements as at 31 December 2018 are set out below:-
| Audited as at 31/12/2018 | After the Proposed Disposal | Net assets per share (RM) | 1.03 | 1.06 | Gearing (times) | 0.39 | 0.38 | Earnings per share (sen) | 15.62 | 18.39 |
7. APPROVALS REQUIRED The Proposed Disposal is subject to the following approval being obtained by: a) Purchaser i) Selangor State Authority pursuant to Section 433B of the National Land Code 1965 for the acquisition and transfer of the Land. ii) the approval of the EPU for the acquisition of the Land, if required.
b) Vendor and Purchaser i) any other relevant authority and/or parties, if required.
8. INTEREST OF DIRECTORS, MAJOR SHAREHOLDINGS AND/OR OTHER PERONS CONNECTED TO THEM None of the Directors, major shareholders of the Company and or persons connected to them has any interest, directly or indirectly in the Proposed Disposal.
9. DIRECTORS’ STATEMENT The Board, having considered all aspects of the Proposed Disposal, including but not limited to the certain terms of the SPA, the valuation of the land, the basis of the Proposed Consideration, rationale of the Proposed Disposal and the financial effects of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of the Company and is not detrimental to the interest of the shareholders of the Company.
10. HIGHEST PERCENTAGE RATIO Based on the Disposal Consideration and Kossan’s audited consolidated financial statements for year end 31 December 2018, the highest ratio applicable to the Proposed Disposal pursuant to Paragraph 10.02(g) is 11.01%. The Proposed Disposal does not required the approval of Kossan’s shareholders.
11. ESTIMATED TIME FRAME FOR SUBMISSION TO RELEVANT AUTHORITIES AND COMPLETION The applications to the relevant authorities in relation to the Proposed Disposal are expected to be made after the Purchaser has elected to proceed with the SPA. Baring unforeseen circumstances, the Proposed Disposal is expected to be completed by the first quarter of 2021.
12. DOCUMENTS AVAILABLE FOR INSPECTION The following documents are available for inspection at the Registered Office of the company at Wisma Kossan, Lot 782, Jalan Sungai Putus, Off Batu 3 3/4, 42100 Klang, Selangor Darul Ehsan during normal business hours from Monday to Friday (except public holidays) for a period of 3 months from the date of the announcement.
a) SPA for the Proposed Disposal dated 15 January 2020; and
b) Valuation Certificate dated 3 January 2020 prepared by Raine & Horne International Zaki + Partners Sdn. Bhd. in relations to the valuation of the Land.
This announcement is dated 16 January 2020.
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发表于 24-4-2020 07:15 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2019 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Dec 2019 | 31 Dec 2018 | 31 Dec 2019 | 31 Dec 2018 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 578,349 | 589,372 | 2,221,607 | 2,140,571 | | 2 | Profit/(loss) before tax | 72,279 | 71,400 | 280,107 | 249,264 | | 3 | Profit/(loss) for the period | 61,577 | 61,033 | 227,922 | 204,599 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 61,003 | 59,514 | 224,783 | 198,210 | | 5 | Basic earnings/(loss) per share (Subunit) | 4.77 | 4.65 | 17.58 | 15.62 | | 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 ($$) | 1.1100 | 1.0200
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发表于 12-5-2020 07:39 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | PROPOSED DISPOSAL BY IDEAL QUALITY SDN. BHD. (199601032612(404964-P)) ("IQ" OR "VENDOR"), A WHOLLY OWNED SUBSIDIARY OF KOSSAN, OF THE VACANT FREEHOLD INDUSTRIAL LAND OF APPROXIMATELY 390,397 SQUARE METRES (4,202,194.27 SQUARE FEET) TO LIANSHENG PAPER (MALAYSIA) SDN. BHD. (201901045774 (1355104-X)) ("LSP" OR "PURCHASER") FOR A TOTAL CASH CONSIDERATION OF RM147,749,148.00 ("PROPOSED DISPOSAL") | Further to the announcement dated 16 January 2020 on the above matter, the Company wishes to inform that it had on 16 March 2020 terminated the said Sale and Purchase Agreement ("SPA") for the non-fulfillment of the terms and conditions as stipulated in the SPA by the Purchaser. Upon the termination, neither party shall have any claim against the other in relation to the SPA.
The termination of the SPA will not have any effect on the net assets and gearing of the Company for the financial year ending 31 December 2020.
This announcement is dated 17 March 2020. |
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发表于 21-5-2020 08:10 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON-RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL BY IDEAL QUALITY SDN. BHD. (199601032612(404964-P)) (IQ OR VENDOR), A WHOLLY OWNED SUBSIDIARY OF KOSSAN, OF THE VACANT FREEHOLD INDUSTRIAL LAND OF APPROXIMATELY 390,397 SQUARE METRES (4,202,194.27 SQUARE FEET) TO BEST ETERNITY RECYCLE TECHNOLOGY SDN. BHD. (201801017328 (1279344-A)) (BERT OR PURCHASER) FOR A TOTAL CASH CONSIDERATION OF RM153,380,091.00) (PROPOSED DISPOSAL). | 1. INTRODUCTION
The Board of Directors of Kossan Rubber Industries Bhd. (“Kossan” or “Company”) (“Board”) wishes to announce that IQ had on 1 April 2020 entered into a conditional sale and purchase agreement (“SPA”) with BERT for the disposal of the vacant freehold industrial land measuring approximately 390,397 sq. metres (4,202,194.27 sq.ft) (“Land”) in the District of Kuala Langat, State of Selangor for a total cash consideration of RM 153,380,091.00.
2. DETAILS OF THE PROPOSED DISPOSAL 2.1 Proposed disposal The proposed disposal involves the disposal by the Vendor to the Purchaser of the Land on a “as is where is basis” free from all encumbrances with vacant possession and subject to the category of land use and all restrictions and conditions of title to the Land, whether expressed or implied, in the document of title and upon the terms and conditions of the SPA.
2.2 Information on the Land Registered owner | : | IQ |
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| Title details | : | HS(D) 39425 PT 41538, Mukim Tanjong Duabelas, Daerah Kuala Langat, Negeri Selangor. |
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| Area | : | 390,397 sq. metres (4,202,194.27 sq.ft.) |
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| Category of land use | : | Industrial |
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| Market value | : | RM 145,000,000 |
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| Valuer | : | Raine & Horne International Zaki + Partners Sdn. Bhd. (198301004235 (99440-T)) |
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| Date of valuation | : | 3 January 2020 |
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| Audited net book value (“NBV”) as at 31 December 2018 | : | RM 96,697,695 |
2.3 Method of valuation In arriving at the Market Value of the Land, the Valuer used the Comparison Approach of Valuation.
2.4 Salient terms of the SPA 2.4.1 Conditions Precedent This completion of the SPA is subject to the following condition(s) precedent: - a) the Purchaser at its own cost and expense, obtaining the written approval of the State Authority of Selangor (“S.433B Consent”); and
b) the Purchaser at its cost and expense obtained the Economic Planning Unit, Ministry of Economic Affairs (“EPU”) approval pursuant to the “Guidelines on the Acquisition of Properties 2014” for the acquisition of the Land or letter from EPU confirming that EPU approval is not required (“EPU Confirmation”); and
c) The SPA shall become unconditional upon fulfilment of the conditions precedent (“Unconditional Date”).
2.4.3 Payment of the Purchase Price
2.4.3.1 The Purchase Price shall be paid by the Purchaser in the following manner:-
a) a sum of RM 10,736,606.40 comprising of RM 3,067,601.82 being the earnest deposit (“Earnest Deposit”) and a further sum of RM 7,669,004.55 being part of the deposit (“Part Deposit”) has been paid by the Purchaser prior to the execution of the SPA, the receipt of which the Vendor hereby acknowledges as being paid by the Purchaser towards the account of the Purchase Price and as a guarantee of the performance of the Purchaser’s obligations under this Agreement; b) a sum of RM 4,601,402.73, being the retention sum (“Retention Sum”) shall be paid within 5 working days from the execution of the SPA; c) a sum of RM 138,042,081.90, being the balance purchase price (“Balance Purchase Price”) shall be paid by the Purchaser in the following manner: (i) a sum of RM 76,690,045.50, equivalent to fifty percent (50%) of the Purchase Price shall be paid within one (1) month from the Unconditional Date (“Payment 1 Period”); and (ii) a sum of RM 61,352,036.40, equivalent to forty percent (40%) of the Purchase Price shall be paid within three (3) months from the date of the SPA (“Payment 2 Period”). The Payment 1 Period or Payment 2 Period, whichever is later, shall be the completion period (“Completion Period”).
2.4.3.2 In the event that the Purchaser fails to pay the Balance Purchase Price within the time stipulated therein, the Purchaser shall pay to the Vendor a late payment interest, commencing from the first day in which the Payment 1 Period or Payment 2 Period (whichever relevant) has lapsed up to and including the day of actual payment of such sum, at the rate of eight per centum (8%) per annum calculated on the outstanding sum on a daily basis.
2.4.3.3 In the event that the Purchaser fails to pay the Retention Sum within five (5) working days from the execution of this Agreement, the Vendor shall be entitled to terminate this Agreement and forfeit the Earnest Deposit as agreed liquidated damages and refund the remaining monies paid by the Purchaser to the Purchaser, free of interest.
2.4.3.4 In the event that the Purchaser fails to pay the Balance Purchase Price and the late payment interest (if any) within one (1) month from the expiry of the Completion Period (“Extended Completion Period”), the Vendor shall be entitled to terminate the SPA by a notice in writing and forfeit the Deposit Sum paid by the Purchase as agreed liquidated damages.
2.4.4 Application for transfer approval
2.4.4.1 Upon receiving from the Vendor all the necessary information and documents required, the Purchaser shall as soon as reasonable:
(a) apply for the EPU Confirmation within six (6) weeks after the Movement Control Order has been fully uplifted and there being no further legal restriction or impediment against a valuation being conducted for purposes of the application EPU Confirmation and subsequently the submission of the application for EPU Confirmation; and
(b) apply for the S433B Consent within seven (7) days after the EPU Confirmation has been received by the Purchaser’s Solicitors.
2.4.4.2 In the event the Conditions Precedent cannot be fulfilled within six (6) months from the date of SPA or within such extension period mutually agreed by both the Vendor and the Purchaser (“Conditional Period”), the SPA shall automatically be terminated and of no effect and neither party shall have any claims whatsoever nature against each other except for antecedent breaches. The Vendor’s Solicitors shall refund to the Purchaser the Retention Sum (free of interest) within fourteen (14) working days from the date of termination and the Vendor shall refund to the Purchaser the Earnest Deposit and any other money paid hereunder (free of interest) within fourteen (14) working days from the date of termination.
2.4.5 Completion of SPA
The completion of the SPA shall take place upon the receipt of the Balance Purchase Price and the late payment interest, if any, by the Vendor’s solicitors provided all conditions precedent have been fulfilled (“Completion”).
2.5 Basis of Disposal
The disposal consideration was arrived at on a willing buyer willing seller basis after taking into account the following:
i) the Net Book Value of the Land of RM 96,697,695.00 based on the latest audited consolidated financial statements of Kossan at 31 December 2018; and
ii) the market valuation of the land carried out by Raine & Horne International Zaki + Partners Sdn. Bhd. (“Valuer”), an independent firm of registered valuer appointed by the Vendor. The Valuer had vide its valuation certificate dated 3 January 2020 (“Valuation Certificate”) assessed the market value of the land at RM145,000,000.
2.6 Information on the Vendor
IQ was incorporated as a private limited company in Malaysia under the Companies Act 1965 on 7 October 1996. IQ is principally involved in the manufacture and sale of examination gloves. IQ has an issued share capital of RM500,000.00 comprising 500,000 ordinary shares. The directors of IQ are Messrs. Lim Kuang Yong and Lim Leng Bung.
2.7 Information on the Purchaser
Best Eternity Recycle Technology Sdn. Bhd. (“BERT”) was incorporated as a private limited company in Malaysia under the Companies Act 2016 on 5 May 2018. BERT is principally involved in the manufacture of pulp, paper and paperboard. The Purchaser is a wholly-owned subsidiary of Grand Fortress Global Limited. As at 12 March 2020, being the latest practicable date prior to this announcement, its issued share capital is RM927,823,150 comprising of 927,823,150 shares. The directors of BERT are Wong Sak Kuan, Lee Man Chun Raymond, Lee Man Bun, Li King Was Ross and Chen Sook Chan.
2.8 Original cost and date of investment
The Land was acquired on 30 August 2017 for RM95,987,817. The NBV as at 31 December 2018 is RM96,697,695.
2.9 Liabilities to be assumed by Purchaser
The Purchaser shall not be liable for and all liabilities in connection with the Proposed Disposal.
3. RATIONALE FOR THE DISPOSAL
The Board is constantly evaluating the long term strategies of the gloves business of the Company and its subsidiaries. This includes assessing the ways which the Company can maximize its business operations with a view to improve efficiency, reduce duplicating operating expenses and achieving synergistic savings.
Towards this objective the Group had on 12/3/2018 acquired 2 pieces of leasehold industrial land measuring about 824 acres in Bidor, Perak with a view to consolidate/centralise all future business expansion to this site.
The Proposed Disposal provides an opportunity for Kossan to unlock and realize the value of the Land, which is currently not economically utilised and the funds so raised will be utilised to hasten the development of the Bidor land. The Proposed Disposal appears to be an attractive offer, the acceptance is in line with the Company’s objective to enhance shareholders value.
4. PROPOSED UTILISATION OF PROCEEDS
The disposal proceeds to be generated from the Proposed Disposal will be utilised for working capital purposes and defray expenses incidental to the Proposed Disposal including real property gains tax and professional fees.
5. RISKS FACTORS
Completion Risk
The completion of the Proposed Disposal is subject to fulfilment of the conditions precedent to the SPA. In the event any of these conditions is not fulfilled, the SPA will terminate and Kossan will not be able to complete the Proposed Disposal. Notwithstanding this, the Company will take all reasonable steps to ensure the fulfilment of the conditions precedent for the purpose of completing the Proposed Disposal.
6. EFFECTS OF THE PROPOSED DISPOSAL
6.1 Issued share capital and substantial shareholders’ shareholding
The Proposed Disposal will not have any effect on the issued share capital and substantial shareholders’ shareholding of Kossan.
6.2 Net Assets (“NA”), Gearing and Earnings
Upon the completion of the Proposed Disposal, it is expected to result a net gain of approximately RM 39 million. The proforma effects of the Proposed Disposal on the NA per share, gearing and earnings per share of Kossan, based on the latest audited consolidated financial statements as at 31 December 2018 are set out below:-
| Audited as at 31/12/2018 | After the Proposed Disposal | Net assets per share (RM) | 1.03 | 1.06 | Gearing (times) | 0.39 | 0.38 | Earnings per share (sen) | 15.62 | 18.70 |
7. APPROVALS REQUIRED
The Proposed Disposal is subject to the following approval being obtained by:
a) Purchaser
i) Selangor State Authority pursuant to Section 433B of the National Land Code 1965 for the acquisition and transfer of the Land.
ii) the approval of the EPU for the acquisition of the Land, if required.
b) Vendor and Purchaser
i) any other relevant authority and/or parties, if required.
8. INTEREST OF DIRECTORS, MAJOR SHAREHOLDINGS AND/OR OTHER PERONS CONNECTED TO THEM
None of the Directors, major shareholders of the Company and or persons connected to them has any interest, directly or indirectly in the Proposed Disposal.
9. DIRECTORS’ STATEMENT
The Board, having considered all aspects of the Proposed Disposal, including but not limited to the certain terms of the SPA, the valuation of the land, the basis of the Proposed Consideration, rationale of the Proposed Disposal and the financial effects of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of the Company and is not detrimental to the interest of the shareholders of the Company.
10. HIGHEST PERCENTAGE RATIO
Based on the Disposal Consideration and Kossan’s audited consolidated financial statements for year end 31 December 2018, the highest ratio applicable to the Proposed Disposal pursuant to Paragraph 10.02(g) is 11.43%. The Proposed Disposal does not required the approval of Kossan’s shareholders.
11. ESTIMATED TIME FRAME FOR SUBMISSION TO RELEVANT AUTHORITIES AND COMPLETION
Baring unforeseen circumstances, the Proposed Disposal is expected to be completed by the first quarter of 2021.
12. DOCUMENTS AVAILABLE FOR INSPECTION
The following documents are available for inspection at the Registered Office of the company at Wisma Kossan, Lot 782, Jalan Sungai Putus, Off Batu 3 ¾, 42100 Klang, Selangor Darul Ehsan during normal business hours from Monday to Friday (except public holidays) for a period of 3 months from the date of the announcement.
a) SPA for the Proposed Disposal dated 1 April 2020; and
b) Valuation Certificate dated 3 January 2020 prepared by Raine & Horne International Zaki + Partners Sdn. Bhd. in relations to the valuation of the Land.
This announcement is dated 2 April 2020.
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发表于 28-5-2020 07:33 AM
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| KOSSAN RUBBER INDUSTRIES BERHAD |
Particulars of substantial Securities HolderName | KOSSAN HOLDINGS (M) SDN BHD | Address | LOT 782, JALAN SUNGAI PUTUS,
OFF BATU 3 3/4, JALAN KAPAR
KLANG
42100 Selangor
Malaysia. | Company No. | 199301027077 (281815-M) | Nationality/Country of incorporation | Malaysia | Descriptions (Class) | ORDINARY SHARES |
Details of changesNo | Date of change | No of securities | Type of Transaction | Nature of Interest | | 1 | 17 Apr 2020 | 20,657,000 | Disposed | Direct Interest | Name of registered holder | KOSSAN HOLDINGS (M) SDN BHD | Address of registered holder | LOT 782, JALAN SUNGAI PUTUS, OFF BATU 3 3/4, JALAN KAPAR, 42100 KLANG, SELANGOR. | Description of "Others" Type of Transaction | |
Circumstances by reason of which change has occurred | DISPOSAL IN OPEN MARKET | Nature of interest | Direct Interest | Direct (units) | 634,287,960 | Direct (%) | 49.595 | Indirect/deemed interest (units) |
| | Indirect/deemed interest (%) |
| | Total no of securities after change | 634,287,960 | Date of notice | 17 Apr 2020 | Date notice received by Listed Issuer | 21 Apr 2020 |
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发表于 7-6-2020 08:41 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS | Description | PROPOSED ACQUISITION BY PERUSAHAAN GETAH ASAS SDN. BHD. (198201009984 (89708-V)) ("PGA OR PURCHASER"), A WHOLLY OWNED SUBSIDIARY OF KOSSAN RUBBER INDUSTRIES BHD, OF THE VACANT FREEHOLD INDUSTRIAL LAND OF APPROXIMATELY 11,314 SQUARE METRES FROM IMPROGEN SDN. BHD. (199601042378 (414731-V)) ("IMPROGEN OR VENDOR"), A COMPANY WHOLLY OWNED BY A RELATED PARTY FOR A TOTAL CASH CONSIDERATION OF RM6,570,000.00) ("PROPOSED ACQUSITION"). | 1. INTRODUCTION
The Board of Directors of Kossan Rubber Industries Bhd. (“Kossan” or “Company”) (“Board”) wishes to announce that PGA had on 18 May 2020 entered into a sale and purchase agreement (“SPA”) with IMPROGEN for the acquisition of the vacant freehold industrial land measuring approximately 11,314 square metres (“Land”) in the District of Klang, State of Selangor for a total cash consideration of RM6,570,000.00.
2. DETAILS OF THE PROPOSED ACQUISITION 2.1 Proposed Acquisition The Proposed Acqusition involves the acquisition by the Purchaser from the Vendor of the Land free from all encumbrances on “as is where is basis” and with vacant possession upon the terms and conditions of the SPA. 2.2 Information on the Land Registered owner | : | IMPROGEN | Title details | : | HS(D) 116847, PT 54933, Mukim Kapar, Daerah Klang, Negeri Selangor. | Area | : | 11,314 square metres | Category of land use | : | Industrial | Market value | : | RM 7,300,000.00 | Valuer | : | Raine & Horne International Zaki + Partners Sdn. Bhd. (198301004235 (99440-T)) | Date of Valuation | : | 31 January 2020 | Method of Valuation | : | Comparison Approach | Original Cost of Investment | : | RM 1,166,972.40 | Original Date of Investment | : | 19 September 2005 |
2.3 Salient terms of the SPA 2.3.1 Payment of the Purchase Price 2.3.1.1 The Purchase Price shall be paid by the Purchaser in the following manner:- a. a sum of RM 657,000.00 being the deposit (“Deposit”) shall be paid upon execution of the SPA; b. a balance of RM 5,913,000.00 being the balance purchase price (“Balance Sum”) shall be paid within three (3) months from the date of the SPA (“Completion Period”); 2.3.1.2 In the event that the Purchaser fails to pay the Balance Sum within the time stipulated therein, the Vendor shall automatically grant the Purchaser an extension of time of one month with late payment interest being payable at the rate of eight per centum (8%) per annum calculated on the outstanding sum at the expiry of the Completion Period until the date of full payment of the Balance Sum by the Purchaser. 2.3.2 Completion of SPA The completion of the SPA shall take place upon the payment of the Balance Sum.
2.4 Source of Funding The Proposed Acquisition will be funded by internally generated funds and/or bank borrowings.
2.5 Liabilities to be assumed Save for the Purchase consideration, there will be no liabilities to be assumed by the Purchaser pursuant to the Proposed Acquisition.
2.6 Information on the Vendor IMPROGEN was incorporated as a private limited company in Malaysia under the Companies Act 1965 on 26 December 1996. IMPROGEN is an investment holding company. IMPROGEN has an issued share capital of RM2 comprising 2 ordinary shares all held by Kossan Holdings (M) Sdn. Bhd. The directors of IMPROGEN are Messrs. Lim Kwan Hwa and Lim Leng Bung.
2.7 Information on the Purchaser PGA was incorporated as a private limited company in Malaysia under the Companies Act 1965 on 9 December 1982. PGA is principally involved in the manufacture and sale of examination gloves. PGA has an issued share capital of RM89,598,221 comprising of 650,000 ordinary shares, all held by Kossan. The directors of PGA are Yang Berbahagia Tan Sri Dato’ Lim Kuang Sia and Messrs. Lim Kuang Yong, Tan Kong Chang and Lee Seek Ping.
3. BASIS OF ACQUISITION The Purchase consideration was arrived at on a willing-buyer willing-seller basis between PGA and IMPROGEN after taking into account market valuation of the land carried out by Raine & Horne International Zaki + Partners Sdn. Bhd. (“Valuer”), an independent firm of registered valuer appointed by the Vendor. The Valuer had vide its valuation certificate dated 31 January 2020 (“Valuation Certificate”) assessed the market value of the land at RM7,300,000.00.
4. RATIONALE FOR THE ACQUISITION PGA has been renting the Land from IMPROGEN and the Proposed Acquisition is to streamline its operations efficiency.
5. RISKS FACTORS The Board of Directors of the Company does not foresee any risk factors arising from the Proposed Acquisition.
6. EFFECTS OF THE PROPOSED ACQUISITION 6.1 Issued share capital and substantial shareholders’ shareholding The Proposed Acquisition will not have any effect on the issued share capital and substantial shareholders’ shareholding of Kossan. 6.2 Net Assets, Gearing and Earnings The Proposed Acquisition is not expected to have any material effect on the net assets, gearing, earnings and earnings per share of Kossan for the financial year ending 31 December 2020.
7. APPROVALS REQUIRED The Proposed Acquisition is not subject to the approval of the shareholders of Kossan or any other relevant authorities.
8. INTEREST OF DIRECTORS, MAJOR SHAREHOLDINGS AND/OR PERONS CONNECTED Save as disclosed below, none of the directors and/or major shareholders of the Company and persons connected with them have any interest, direct or indirect in the Proposed Acquisition: Yang Berbahagia Tan Sri Dato’ Lim Kuang Sia and Lim Leng Bung are siblings. They are directors in Kossan and major shareholders of Kossan. Messrs Lim Siau Tian, Lim Siau Hing and Lim Ooi Chow are cousin and the child of Lim Kuang Yong, Lim Kuang Wang and Yang Berbahagia Tan Sri Dato’ Lim Kuang Sia respectively, all major shareholders of Kossan. Mr. Tan Kong Chang is a director in Kossan and PGA. Mr. Lim Leng Bung is also the director of IMPROGEN. (collectively, the “Interested Directors”) The Interested Directors had abstained from all deliberations and voting at the Board meetings in relation to the Proposed Acquisition.
9. DIRECTORS’ STATEMENT The Board (save and except for the Interested Directors) having considered all aspects of the Proposed Acquisition, including but not limited to the rationale of the Proposed Acquisition is of the opinion that the Proposed Acquisition is in the best interest of the Company and is not detrimental to the interest of the minority shareholders of the Company.
10. AUDIT COMMITTEE’S STATEMENT The Audit Committee is of the view that the Proposed Acquisition is in the best interests of the Company, is fair, reasonable and carried out on normal commercial terms, and is not detrimental to the interests of the minority shareholders of the Company.
11. ESTIMATED TIME FRAME FOR SUBMISSION TO RELEVANT AUTHORITIES AND COMPLETION Barring unforeseen circumstances, the Proposed Acquisition is expected to be completed by the third quarter of 2020.
12. HIGHEST PERCENTAGE RATIO Based on the Purchase consideration and Kossan’s audited consolidated financial statements for year end 31 December 2018, the highest ratio applicable to the Proposed Acquisition pursuant to Paragraph 10.02(g) is 0.49%. The Proposed Acquisition does not require the approval of Kossan’s shareholders.
13. TRANSACTIONS FOR PRECEDING TWELVE (12) MONTHS Save as for the Proposed Acquisition (excluding transactions in the ordinary course of business), there was no transaction entered into between Kossan and IMPROGEN for the past 12 months from the date of this announcement.
14. DOCUMENTS AVAILABLE FOR INSPECTION The following documents are available for inspection at the Registered Office of the company at Wisma Kossan, Lot 782, Jalan Sungai Putus, Off Batu 3 ¾, 42100 Klang, Selangor Darul Ehsan during normal business hours from Monday to Friday (except public holidays) for a period of 3 months from the date of the announcement. a. SPA for the Proposed Acquisition dated 18 May 2020; and b. Valuation Certificate dated 31 January 2020 prepared by Raine & Horne International Zaki + Partners Sdn. Bhd. in relation to the valuation of the Land.
This announcement is dated 18 May 2020.
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发表于 10-6-2020 04:11 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 611,465 | 561,468 | 611,465 | 561,468 | | 2 | Profit/(loss) before tax | 82,534 | 75,078 | 82,534 | 75,078 | | 3 | Profit/(loss) for the period | 65,270 | 59,472 | 65,270 | 59,472 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 64,803 | 58,723 | 64,803 | 58,723 | | 5 | Basic earnings/(loss) per share (Subunit) | 5.07 | 4.59 | 5.07 | 4.59 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.1605 | 1.1098
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发表于 10-6-2020 04:39 AM
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| KOSSAN RUBBER INDUSTRIES BERHAD |
Entitlement subject | Second Interim Dividend | Entitlement description | PROPOSED SECOND INTERIM SINGLE TIER TAX EXEMPT DIVIDEND OF 3.0 SEN PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 | Ex-Date | 05 Jun 2020 | Entitlement date | 09 Jun 2020 | Entitlement time | 5:00 PM | Financial Year End | 31 Dec 2019 | Period |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Payment Date | 19 Jun 2020 | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 09 Jun 2020 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Currency | Announced Currency | Malaysian Ringgit (MYR) | Disbursed Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | Malaysian Ringgit (MYR) 0.0300 |
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发表于 25-8-2020 06:36 PM
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本帖最后由 icy97 于 23-12-2020 07:52 AM 编辑
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 | 701,680 | 550,533 | 1,313,144 | 1,112,001 | | 2 | Profit/(loss) before tax | 160,836 | 69,980 | 243,370 | 145,060 | | 3 | Profit/(loss) for the period | 132,352 | 56,709 | 197,622 | 116,182 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 131,057 | 55,883 | 195,860 | 114,607 | | 5 | Basic earnings/(loss) per share (Subunit) | 10.25 | 4.37 | 15.31 | 8.96 | | 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 ($$) | 1.2335 | 1.1098
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Type | Announcement | Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES | Description | KOSSAN RUBBER INDUSTRIES BHD (KOSSAN OR COMPANY)PROPOSED BONUS ISSUE OF 1,278,935,808 NEW ORDINARY SHARES IN KOSSAN ("KOSSAN SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EACH EXISTING KOSSAN SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE") | On behalf of the Board of Directors of Kossan, Affin Hwang Investment Bank Berhad wishes to announce that the Company proposes to undertake the Proposed Bonus Issue.
Further information on the Proposed Bonus Issue are set out in the attachment.
This announcement is dated 25 August 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3080844
https://www.theedgemarkets.com/a ... eforone-bonus-issue |
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发表于 24-10-2020 09:43 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | PROPOSED ACQUISITION OF THE FREEHOLD INDUSTRIAL PROPERTY OF APPROXIMATELY 4.0494 HECTARES FROM ADVANCE BOILERS SDN. BHD. (198901007673 (184975-W)) ("ABSB" OR "VENDOR") BY IDEAL QUALITY SDN. BHD. (199601032612(404964-P)) ("IQ" OR "PURCHASER") FOR A TOTAL CASH CONSIDERATION OF RM40,000,000.00) ("PROPOSED ACQUISITION"). | 1. INTRODUCTION The Board of Directors of Kossan Rubber Industries Bhd. (“Kossan” or “Company”) wishes to announce that IQ, a wholly-owned subsidiary of Kossan, had on 6 July 2020 entered into a sale and purchase agreement (“SPA”) with ABSB for the acquisition of the freehold industrial property measuring approximately 4.0494 hectares located at Lot 6074, Jalan Haji Abdul Manan, Meru, 42200 Kapar, Selangor Darul Ehsan (“Property”) for a total cash consideration of RM 40,000,000.00.
2. DETAILS OF THE PROPOSED ACQUISITION 2.1 The Proposed Acquisition involves the acquisition by the Purchaser from the Vendor of the Property with vacant possession and free from all encumbrances but subject to the restrictions in interest (if any) and all the conditions express or implied on the register document of title and at the price and the terms and conditions of the SPA.
2.2 Information on the Property Registered owner | : | Advance Boilers Sdn. Bhd. | Title details | : | All that piece of Property held under Geran 45731, Lot 6074, Mukim Kapar, Daerah Klang, Negeri Selangor measuring approximately 4.0494 hectares together with two single storey detached factories, a three storey office building, a single storey canteen building, a guard house and a surau building erected thereon. | Approximate age of buildings | : | Various buildings aged between 18 – 21 years | Category of land | : | Industrial | Term of tenure | : | Freehold | Encumbrances | : | Nil |
2.3 Salient terms of the SPA 2.3.1 Payment of the Purchase Price 2.3.1.1 The Purchase Price shall be paid by the Purchaser in the following manner: - - a sum of RM 8,000,000.00 being the deposit (“Deposit Sum”) upon the execution of the SPA;
- a sum of RM 32,000,000.00, being the balance sum (“Balance Purchase Price”) within 3 months from the date of SPA.
2.3.1.2 In the event that the Purchaser fails to pay the Balance Purchase Price within 3 months from the date of SPA, the Vendor shall grant automatically to the Purchaser an extension of 1 month from the date of expiry (“Extended Completion Period”) to pay the Balance Purchase Price with interest being payable at the rate of 8% per annum calculated on a daily basis from the first day of the Extended Completion Period until the date of receipt of full payment by the Vendor’s Solicitors.
2.3.2 Completion of SPA The completion of the SPA shall take place upon the payment of the Balance Purchase Price and the late payment interest, if any (“Completion Date”).
2.4 Information on the Purchaser IQ was incorporated as a private limited company in Malaysia under the Companies Act 1965 on 7 October 1996. IQ is principally involved in the manufacture and sale of examination gloves. IQ has an issued share capital of RM500,000.00 comprising 500,000 ordinary shares, all held by the Company.
2.5 Information on the Vendor Advance Boilers Sdn. Bhd. (“ABSB”) was incorporated as a private limited company in Malaysia under the Companies Act 1965 on 1 August 1989. ABSB is principally involved in mechanical engineering services. The Vendor is a wholly-owned subsidiary of CB Industrial Product Holding Berhad (“CBIP”), a company listed on Bursa Malaysia Securities Berhad. As at 12 June 2020, being the latest practicable date prior to this announcement, its issued share capital of RM1,000,000.00 comprising 1,000,000 shares, all held by CBIP. The directors of ABSB are Koo Boon Hoe, Tan Yu Hwa and Lim Zee Ping.
2.6 Liabilities to be assumed The Purchaser will not assume any liabilities arising from the Proposed Acquisition.
3. BASIS OF CONSIDERATION The Purchase Consideration was arrived at on a willing buyer willing seller basis after taking into account the market valuation of the Property carried out by Raine & Horne International Zaki + Partners Sdn. Bhd., an independent firm of registered valuer appointed by the Purchaser.
4. RATIONALE FOR THE ACQUISITION The Property adjoins IQ’s existing production facilities and the acquisition will enable IQ to expand its facilities without delay as all utilities such as water, electricity and natural gas supplies are available.
5. SOURCE OF FUNDING The Proposed Acquisition will be funded by internally generated funds and/or bank borrowings.
6. RISKS FACTORS The Board of Directors of Kossan does not foresee any risk factors arising from the Proposed Acquisition, other than the normal economic risk and inherent risk factors associated with property acquisition.
7. EFFECTS OF THE PROPOSED ACQUISITION 7.1 Issued share capital and substantial shareholders’ shareholding The Proposed Acquisition will not have any effect on the issued share capital and substantial shareholders’ shareholding in Kossan.
7.2 Net Assets, Gearing and Earnings The Proposed Acquisition is not expected to have any material effect on the earnings and net assets of the Group for the financial year ending 31 December 2020.
8. APPROVALS REQUIRED The Proposed Acquisition is not subject to the approval of the shareholders of Kossan or any other relevant authorities.
9. INTEREST OF DIRECTORS, MAJOR SHAREHOLDINGS AND/OR OTHER PERSONS CONNECTED TO THEM None of the Directors, major shareholders of the Company and or persons connected to them has any interest, directly or indirectly in the Proposed Acquisition.
10. DIRECTORS’ STATEMENT The Board of Directors of Kossan, having considered all aspects of the Proposed Acquisition, is of the opinion that the Proposed Acquisition is in the best interest of the Company.
11. ESTIMATED TIME FRAME FOR COMPLETION Barring unforeseen circumstances, the Proposed Acquisition is expected to be completed on or before the fourth quarter 2020.
12. HIGHEST PERCENTAGE RATIO Based on the Purchase Consideration and Kossan’s audited consolidated financial statements for year ended 31 December 2019, the highest ratio applicable to the Proposed Acquisition pursuant to Paragraph 10.02(g) is 2.76%. The Proposed Acquisition does not require the approval of Kossan’s shareholders.
13. DOCUMENTS AVAILABLE FOR INSPECTION The SPA and Valuation Certificate are available for inspection at the Registered Office of the Company at Wisma Kossan, Lot 782, Jalan Sungai Putus, Off Batu 3 ¾, 42100 Klang, Selangor Darul Ehsan during normal business hours from Monday to Friday (except public holidays) for a period of 3 months from the date of the announcement.
This announcement is dated 6 July 2020.
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发表于 4-11-2020 06:00 AM
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| KOSSAN RUBBER INDUSTRIES BERHAD |
Particulars of substantial Securities HolderName | KOSSAN HOLDINGS (M) SDN BHD | Address | LOT 782, JALAN SUNGAI PUTUS
OFF BATU 3 3/4, JALAN KAPAR
KLANG
42100 Selangor
Malaysia. | Company No. | 199301027077 (281815-M) | Nationality/Country of incorporation | Malaysia | Descriptions (Class) | ORDINARY SHARES |
Details of changesNo | Date of change | No of securities | Type of Transaction | Nature of Interest | | 1 | 13 Jul 2020 | 5,000,000 | Disposed | Direct Interest | Name of registered holder | KOSSAN HOLDINGS (M) SDN BHD | Address of registered holder | LOT 782, JALAN SUNGAI PUTUS, OFF BATU 3 3/4, JALAN KAPAR, 42100 KLANG, SELANGOR. | Description of "Others" Type of Transaction | | | 2 | 14 Jul 2020 | 17,000,000 | Disposed | Direct Interest | Name of registered holder | KOSSAN HOLDINGS (M) SDN BHD | Address of registered holder | LOT 782, JALAN SUNGAI PUTUS, OFF BATU 3 3/4, JALAN KAPAR, 42100 KLANG, SELANGOR. | Description of "Others" Type of Transaction | |
Circumstances by reason of which change has occurred | DISPOSAL IN OPEN MARKET | Nature of interest | Direct Interest | Direct (units) | 612,287,960 | Direct (%) | 47.875 | Indirect/deemed interest (units) | 0 | Indirect/deemed interest (%) | 0 | Total no of securities after change | 612,287,960 | Date of notice | 14 Jul 2020 | Date notice received by Listed Issuer | 16 Jul 2020 |
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发表于 29-11-2020 10:10 AM
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Type | Announcement | Subject | OTHERS | Description | KOSSAN RUBBER INDUSTRIES BHD ("KOSSAN" OR THE "COMPANY") CLARIFICATION ON THE NEW STRAITS TIMES ARTICLES TITLED "THREE FIRMS JOINING FORCES" AND ON ITS ONLINE NEWS PORTAL TITLED "MALAYSIA'S GLOVE SECTOR GETS MERRIER, THREE LISTED FIRMS FORM GLOVE-MAKING PACT" DATED 4 AUGUST 2020 | We refer to the articles published by the New Straits Times titled "THREE FIRMS JOINING FORCES" and on its online news portal titled “MALAYSIA'S GLOVE SECTOR GETS MERRIER, THREE LISTED FIRMS FORM GLOVE-MAKING PACT”, in particular the following statements appearing in bold:
“The two firms confirmed in the tripartite partnership are Green Ocean Corp Bhd and AT Systematization Bhd, while the third party is believed to be Kossan Rubber Industries Bhd.”
“A combination of AT Systematization's engineering skill set, Kossan's production know-how and the ideal location controlled by Green Ocean in Klang being the triumvirate could collectively propel both AT Systematization and Green Ocean into the realms of the likes of HLT Global Bhd and Careplus Group Bhd," said the analyst.”
KOSSAN wishes to clarify that the Company is neither aware of nor involved in the abovementioned glove-making pact or tripartite partnership.
This announcement is dated 4 August 2020. |
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发表于 24-1-2021 09:22 AM
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本帖最后由 icy97 于 15-5-2021 08:20 AM 编辑
| KOSSAN RUBBER INDUSTRIES BERHAD |
Entitlement subject | Bonus Issue | Entitlement description | Bonus issue of 1,278,935,808 new ordinary shares in Kossan ("Kossan Shares" or "Shares") ("Bonus Shares") on the basis of 1 Bonus Share for each existing Kossan Share held as at 5:00 p.m. on 12 October 2020 ("Entitlement Date") | Shareholder's Approval | Yes | Ex-Date | 09 Oct 2020 | Entitlement date | 12 Oct 2020 | Entitlement time | 05:00 PM | Financial Year End | 31 Dec 2020 | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Securities Crediting Date |
| | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 12 Oct 2020 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Ratio | Par Value (if applicable) |
| | Securities Entitlement | Company Name | KOSSAN RUBBER INDUSTRIES BERHAD | Entitlement | Ordinary Shares | Ratio (New : Existing) | 1.0000 : 1.0000 | Available/Listing Date | 13 Oct 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 | $$'000 |
| 1 | Revenue | 1,033,347 | 531,257 | 2,346,492 | 1,643,257 | | 2 | Profit/(loss) before tax | 436,393 | 62,768 | 679,763 | 207,828 | | 3 | Profit/(loss) for the period | 351,165 | 50,164 | 549,787 | 166,346 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 348,741 | 49,175 | 544,602 | 163,781 | | 5 | Basic earnings/(loss) per share (Subunit) | 27.27 | 3.84 | 42.58 | 12.81 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.5072 | 1.1098
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| KOSSAN RUBBER INDUSTRIES BERHAD |
Entitlement subject | Interim Dividend | Entitlement description | INTERIM SINGLE TIER TAX EXEMPT DIVIDEND OF 3.0 SEN PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2020 | Ex-Date | 24 Nov 2020 | Entitlement date | 25 Nov 2020 | Entitlement time | 05:00 PM | Financial Year End | 31 Dec 2020 | Period |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Payment Date | 09 Dec 2020 | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 25 Nov 2020 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Currency | Announced Currency | Malaysian Ringgit (MYR) | Disbursed Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | Malaysian Ringgit (MYR) 0.0300 |
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发表于 15-10-2021 11:55 AM
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发表于 22-10-2021 12:01 PM
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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 | 1,302,768 | 1,033,347 | 5,732,932 | 2,346,492 | | 2 | Profit/(loss) before tax | 696,778 | 436,393 | 3,474,067 | 679,763 | | 3 | Profit/(loss) for the period | 528,945 | 351,165 | 2,637,776 | 548,787 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 528,203 | 348,741 | 2,634,873 | 544,602 | | 5 | Basic earnings/(loss) per share (Subunit) | 20.69 | 13.63 | 103.23 | 21.29 | | 6 | Proposed/Declared dividend per share (Subunit) | 12.00 | 3.00 | 36.00 | 3.00 |
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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 ($$) | 1.6146 | 0.9334
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发表于 22-10-2021 12:01 PM
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| KOSSAN RUBBER INDUSTRIES BERHAD |
Entitlement subject | Third Interim Dividend | Entitlement description | THIRD INTERIM SINGLE TIER TAX EXEMPT DIVIDEND OF 12.0 SEN PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDING 31 DECEMBER 2021 | Ex-Date | 08 Nov 2021 | Entitlement date | 09 Nov 2021 | Entitlement time | 5:00 PM | Financial Year End | 31 Dec 2021 | Period |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Payment Date | 19 Nov 2021 | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 09 Nov 2021 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Currency | Announced Currency | Malaysian Ringgit (MYR) | Disbursed Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | Malaysian Ringgit (MYR) 0.1200 |
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发表于 4-10-2023 03:52 AM
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本帖最后由 icy97 于 4-10-2023 03:56 AM 编辑
| KOSSAN RUBBER INDUSTRIES BERHAD |
Particulars of substantial Securities HolderName | KOSSAN HOLDINGS (M) SDN BHD | Address | Wisma Kossan, Lot 782, Jalan Sungai Putus,
Off Batu 3 3/4 Jalan Kapar
Klang
42100 Selangor
Malaysia. | Company No. | 199301027077 (281815-M) | Nationality/Country of incorporation | Malaysia | Descriptions (Class) | Ordinary Shares |
Details of changesNo | Date of change | No of securities | Type of Transaction | Nature of Interest | | 1 | 29 Sep 2023 | 366,100,000 | Others | Direct Interest | Name of registered holder | KOSSAN HOLDINGS (M) SDN BHD | Address of registered holder | WISMA KOSSAN LOT 782, JALAN SUNGAI PUTUS, OFF BATU 3 3/4, JALAN KAPAR 42100 KLANG, SELANGOR. | Description of "Others" Type of Transaction | Refer to Reason |
Circumstances by reason of which change has occurred | Distribution of Dividend in Specie to its Shareholders | Nature of interest | Direct Interest | Direct (units) | 893,068,320 | Direct (%) | 35 | Indirect/deemed interest (units) | 0 | Indirect/deemed interest (%) | 0 | Total no of securities after change | 893,068,320 | Date of notice | 03 Oct 2023 | Date notice received by Listed Issuer | 03 Oct 2023 |
Name | TAN SRI DATO' LIM KUANG SIA | Nationality/Country of incorporation | Malaysia | Descriptions (Class) | Ordinary Shares |
Details of changesNo | Date of change | No of securities | Type of Transaction | Nature of Interest | | 1 | 29 Sep 2023 | 73,220,000 | Others | Direct Interest | Name of registered holder | TAN SRI DATO LIM KUANG SIA | Description of "Others" Type of Transaction | Refer to Note 1 | | 2 | 29 Sep 2023 | 366,100,000 | Others | Indirect Interest | Name of registered holder | KOSSAN HOLDINGS (M) SDN BHD | Description of "Others" Type of Transaction | Refer to Note 2 |
Circumstances by reason of which change has occurred | 1. Direct Interest (Transferred Inward) - Dividend in Specie distributed by Kossan Holdings (M) Sdn. Bhd. ("KH")2. Indirect Interest (Transferred Outward) - Dividend in Specie distributed by KH to its shareholders | Nature of interest | Direct and Indirect Interest | Direct (units) | 80,238,904 | Direct (%) | 3.145 | Indirect/deemed interest (units) | 896,246,304 | Indirect/deemed interest (%) | 35.125 | Total no of securities after change | 976,485,208 | Date of notice | 03 Oct 2023 | Date notice received by Listed Issuer | 03 Oct 2023 |
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发表于 17-4-2024 01:07 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2023 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2022 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 400,149 | 481,446 | 1,585,878 | 2,343,764 | | 2 | Profit/(loss) before tax | 3,434 | 956 | 35,846 | 213,522 | | 3 | Profit/(loss) for the period | 1,596 | -2,483 | 17,158 | 159,212 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 806 | -2,489 | 14,222 | 157,095 | | 5 | Basic earnings/(loss) per share (Subunit) | 0.03 | -0.10 | 0.56 | 6.16 | | 6 | Proposed/Declared dividend per share (Subunit) | 2.00 | 0.00 | 2.00 | 2.50 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.5046 | 1.5189
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| KOSSAN RUBBER INDUSTRIES BERHAD |
Entitlement subject | Interim Dividend | Entitlement description | INTERIM SINGLE TIER TAX EXEMPT DIVIDEND OF 2.0 SEN PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 | Ex-Date | 13 Mar 2024 | Entitlement date | 14 Mar 2024 | Entitlement time | 05:00 PM | Financial Year End | 31 Dec 2023 | Period |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Payment Date | 08 Apr 2024 | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 14 Mar 2024 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Currency | Announced Currency | Malaysian Ringgit (MYR) | Disbursed Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | Malaysian Ringgit (MYR) 0.0200 |
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发表于 17-4-2024 01:08 AM
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| KOSSAN RUBBER INDUSTRIES BERHAD |
Entitlement subject | Final Dividend | Entitlement description | PROPOSED FINAL SINGLE TIER DIVIDEND OF 2.0 SEN PER ORDINARY SHARE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 | Ex-Date | 20 Jun 2024 | Entitlement date | 21 Jun 2024 | Entitlement time | 04:30 PM | Financial Year End | 31 Dec 2023 | Period |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Payment Date | 18 Jul 2024 | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 21 Jun 2024 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Currency | Announced Currency | Malaysian Ringgit (MYR) | Disbursed Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | Malaysian Ringgit (MYR) 0.0200
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