New IPOs: GABUNGAN AQRS BERHAD & OCK GROUP BERHAD

GABUNGAN AQRS BERHAD
Gabungan AQRS Bhd is a construction and property developer


Gabungan AQRS Berhad @ RM 1.18 a share. Closing on 13 July 2012.


PUBLIC ISSUE OF 62,000,000 NEW ORDINARY SHARES OF RM0.25 EACH IN GABUNGAN AQRS BERHAD (“COMPANY“) COMPRISING:

• 18,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC;

• 6,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF OUR COMPANY AND OUR SUBSIDIARIES (“GROUP”) AND/OR PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP;

• 32,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS; AND

• 6,000,000 NEW ORDINARY SHARES OF RM0.25 EACH AVAILABLE FOR PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY 

OFFER FOR SALE OF 30,000,000 ORDINARY SHARES OF RM0.25 EACH IN OUR COMPANY AVAILABLE FOR PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY

AT AN ISSUE/OFFER PRICE OF RM1.18 PER ORDINARY SHARE OF RM0.25 EACH PAYABLE IN FULL ON APPLICATION IN CONJUNCTION WITH OUR LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD


More Info at http://www.bursamalaysia.com/market/listed-companies/company-announcements/997285

http://announcements.bursamalaysia.com/EDMS/subweb.nsf/LsvAllByID/E2ED795A2CED01B848257A2C0004CEA4?OpenDocument


OCK GROUP BERHAD
 OCK Group Bhd is a telecommunications service provider

OCK Group Berhad @ RM 0.36 a share. Closing on 6 July 2012. 

PUBLIC ISSUE OF 75,000,000 NEW ORDINARY SHARES OF RM0.10 EACH ("OCK SHARES") AT AN ISSUE PRICE OF RM0.36 PER ORDINARY SHARE PAYABLE IN FULL UPON APPLICATION COMPRISING :

- 7,000,000 NEW OCK SHARES MADE AVAILABLE FOR APPLICATION BY THE PUBLIC

- 9,500,000 NEW OCK SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND

- 58,500,000 NEW OCK SHARES MADE AVAILABLE FOR PLACEMENT TO SELECTED INVESTORS

IN CONJUNCTION WITH THE LISTING OF OCK GROUP BERHAD ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD


More info at http://www.bursamalaysia.com/market/listed-companies/company-announcements/997265

http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/ipos/index.jsp

MONETARY AND FINANCIAL DEVELOPMENTS May 2012

Price Conditions: Headline inflation, as measured by the annual percentage change in the Consumer Price Index (CPI) moderated to 1.7% in May. The drop in inflation was largely due to the housing, water, electricity, gas and other fuels category, where prices rose by a slower rate of 1.6% in May due to lower inflation in the actual rental for housing sub-category. Furthermore, the transport category registered a lower inflation rate as the impact from the May 2011 increase in RON97 petrol price have dissipated. However, inflation in the food and non-alcoholic beverages category rose to 3.0% in May, as the oversupply of food items has been reduced.

Monetary Conditions: Interbank rates were stable in May. In terms of retail lending rates, the average base lending rate (BLR) of commercial banks remained unchanged at 6.53% as at end of the month. Retail deposit rates were also relatively stable during the period. The annual growth in broad money (M3) moderated to 13.2% in May. On a monthly basis, the contraction of M3 was attributed to higher Government fundraising activities and net foreign outflows during the month. The contraction of M3, however, was partly mitigated by the increase of credit extended to the private sector. Net financing to the private sector expanded by RM22.3 billion in May, mainly through banking system loans. Banking system loans to businesses grew for most sectors during the month, with an increase in loans extended particularly to the real estate, finance, insurance and business services; manufacturing and construction sectors. Household loans outstanding also continued to rise steadily, driven mainly by loans for the purchase of residential and non-residential properties, purchase of passenger cars and personal loans. Loan demand increased in May, with higher loan applications from both businesses and households. 

Banking System: The banking system remained well-capitalised with risk-weighted capital ratio (RWCR) and core capital ratio (CCR) at 14.6% and 12.8% respectively. The level of net impaired loans improved, amounting to 1.6% of net loans due to continued recoveries and write-offs by some banks. Loan loss coverage remained high at 93.2%.

Exchange Rates and International Reserves: In May, the ringgit depreciated against most currencies of Malaysia’s major trading partners. The ringgit appreciated against the euro, but depreciated against the Japanese yen, US dollar, Chinese renminbi and Singapore dollar. The ringgit and other regional currencies broadly depreciated against the US dollar as heightened uncertainties over the European sovereign debt crisis prompted international investors to unwind their holdings of emerging market assets. In June, the ringgit along with other currencies appreciated against the US dollar, reflecting positive developments in Europe after the Greek elections, which revived demand for emerging market assets. The international reserves of Bank Negara Malaysia stood at RM417.3 billion (equivalent to USD136 billion) as at 15 June 2012, sufficient to finance 9.3 months of retained imports and are 4.1 times the short-term external debt.  


Source: Bank Negara Malaysia

Detailed Disclosure of International Reserves as at end-May 2012

In accordance with the IMF SDDS format, the detailed breakdown of international reserves provides forward-looking information on the size, composition and usability of reserves and other foreign currency assets, and the expected and potential future inflows and outflows of foreign exchange of the Federal Government and Bank Negara Malaysia over the next 12-month period.

The detailed breakdown of international reserves based on the SDDS format is shown in Tables I, II, III and IV. As shown in Table I, official reserve assets amounted to USD135,958.3 million, while other foreign currency assets amounted to USD11,186.1 million as at end-May 2012. As shown in Table II, for the next 12 months, the predetermined short-term outflows of foreign currency loans would amount to USD340 million arising from scheduled repayments of external borrowings by the Government. In line with the practice adopted since April 2006, the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans amounting to USD3,496.5 million in the next 12 months. Long forward positions and short forward positions amounted to USD8,960 million and USD15.9 million respectively as at end-May 2012. As shown in Table III, the only contingent short-term net drain on foreign currency assets are Government guarantees of foreign debt due within one year, amounting to USD112.3 million. There are no foreign currency loans with embedded options, no undrawn, unconditional credit lines provided by or to other central banks, international organisations, banks and other financial institutions. Bank Negara Malaysia also does not engage in foreign currency options vis-a-vis ringgit.

Overall, the above detailed breakdown of international reserves under the IMF SDDS format indicates that as at end-May 2012, Malaysia's reserves remain usable and unencumbered.

Source: Bank Negara Malaysia 

一股作气：置地通用浴火重生

经历过兴亡岁月洗礼的置地通用（L&G，3174，主板产业股），在过去几年的整顿和增强基础之下，具有潜能再度成为产业股之星。

近年来，置地通用已展开一连串的产业发展项目，并探讨在其他州属收购地皮，不排除推出更多产业计划。

为此，该集团未来的催化剂和重新评估，将是各个产业项目的推出，以及收购更多的土地，有望推动其未来盈利增长。

置地通用在1990年代曾是国内数一数二的篮筹产业公司，不过，在亚洲金融风暴时期受到重创，陷入债台高筑的窘境。

为了东山再起，该集团在过去数年来，脱售多项产业和进行业务重组计划，让业务发展步入正面的轨道。

置地通用的业务，主要可归纳为三类：

（一）产业发展：也是该集团的核心业务，近期所发展的项目包括8trium办公大楼项目、安邦路The Element，和斯里白沙罗Foresta共管公寓产业项目。

（二）教育业务：通过Sri Bestari私立学校，提供中小学教育，以及Manjaria I和II，提供托儿所和幼儿教育。

（三）其他业务：涵盖休闲（Sri Damansara Club）、种植（通过Clarity Crest私人有限公司，涉及油棕和橡胶种植），以及海外投资（与Far East Consortium联营发展墨尔本Hidden Valley产业项目）。

香港产业大户入股

根据2012年3月31日财年数据显示，产业发展业务为其营运盈利带来82%的贡献，教育业务则贡献11%，其他业务为7%。

目前，正着手进行的产业项目，包括即将竣工的8trium商业计划，以及另两项住宅产业，即安邦路The Element和斯里白沙罗Foresta共管公寓。

未来计划方面，置地通用将物色更多的土地储备，包括探讨在柔佛州收购地皮，并且展开更多房产项目。

其中，以2500万令吉收购位于芙蓉数个总面积超过200英亩的平方地段，和一个27洞高尔夫球场，已于去年7月完成签署买卖协议。

该集团正规划发展该地段成为综合用途住宅项目，甚至可能将高尔夫球场打造为围篱式房屋社区，发展总值达5亿5500万令吉。

而置地通用备受市场注目的另一个重点，就是香港产业大亨丹斯里邱达昌，在2007年通过Mayland Parkview私人有限公司入股。

根据最新数据显示，Mayland Parkview在置地通用的持股权，已从2007年的8.35%，增持至16.95%股权（截至6月11日）。

重组后资产负债大改善

随着该集团经过系列债务重组计划，如今，置地通用资产负债表已大幅改善，且拥有现金和产业发展资产的一家集团。

置地通用在亚洲金融风暴期间，虽拥有丰富资产，但因缺乏现金流周转，因而面对无力偿债的危机。

为此，该集团在1997年蒙受亏损，直至2002年才得以转亏为盈。

本益比只有7.7倍

在2008至2011财年（3月31日）期间，该集团的业绩表现漂浮不定，不过却在2012财年取得大跃进。

从2008财年起的营业额为4673万4000令吉、3761万1000令吉、3021万4000令吉，到2011财年的4420万2000令吉。

在同期，净利为259万3000令吉（2008财年起）、1531万5000令吉、2968万2000令吉和1021万3000令吉。

在2012财年，置地通用的营业额和净利表现，皆取得将近两倍的强劲增长，各别达1亿3079万8000令吉和3040万4000令吉。

以2012财年每股盈利5.08仙以及周五闭市价格39仙计算，该股的估值大约为7.7倍本益比。

手握逾6千万现金

截至2012年3月31日，置地通用的每股净资产值为47.2仙，而目前的市场价格已出现逾17%折价水平。

至于该集团总贷款，合计达5751万令吉。

不过，其存款、现金与现金等值则超过总贷款，计有1亿2280万2000令吉。

为此，置地通用手上握有6529万2000令吉净现金，或相等于每股27.6仙，是该股市价的70%。

展望未来，置地通用预计将在今年可持续其增长动力，特别是在其产业发展业务方面，将继续为集团的营收和盈利作出大幅度贡献。

正在进行中的产业项目将为集团带来营收，为此，集团对于2013财年的业绩表现相当乐观，并将持续探讨新发展项目。

至于投资风险方面，则包括产业市场放缓、产业项目推出延搁、产业领域的负面政策（包括利息上调）和其他因素等。

投资交流站

问

我想知道，凭单（warrant）及回购凭单（call warrant）有什么不同？

希望你能够回答。

谢谢！

南洋读者 上

答

凭单是由上市公司本身所发行的。

至于回购凭单，都是由证券行发行，该产品也称为衍生产品。

由上市公司发行的凭单，持有者可以在期限前，行使其权利，以发行时已设下的行使价兑换股票（母股）。

有鉴于此，大部分发行凭单的上市公司，期望在凭单有效期间，投资者可行使其权利兑换股票，从而让公司筹集资金。

为此，一旦所有凭单已全面行使，也将导致市面上的股份增加，进而稀释公司的每股盈利。

至于回购凭单是证券行发行的衍生产品，主要是以现金结算，持有者无法兑换股票（母股）。

为此，回购凭单并不会造成有关上市公司的股票增加，因此，不会导致每股盈利遭稀释。

2ND ANNUAL SOUTHEAST ASIA INSTITUTIONAL INVESTOR CORPORATE AWARDS

These are the results of our second annual poll to find Southeast Asia’s top companies. Instead of ranking two-dozen odd companies, we have once again uniquely narrowed investor choices down to top 3 in each of the eight award categories: Most Organised Investor Relations; Best Senior Management IR Support; Strongest Adherence to Corporate Governance; Most Consistent Dividend Policy; Best Strategic CSR: Most Improved Investor Relations; Best CFO in Southeast Asia; & Best Annual Report in Southeast Asia;

A key distinguishing feature of this investor poll unlike any other poll is that we not only name investor favourites but adventurously put our potential advertising income on the line by publishing names of companies that are shall we just say,  not so well ranked, by this same group of investors by asking them about companies perceived to have Poor Management Access & IR as well as Unpredictable IR Strategy.

Additionally and instead of ranking companies in the sequence of the most number of votes, we have ranked the top three companies in each of the categories in alphabetical order.

For this annual poll of Southeast Asia’s top companies we successfully collected votes from more than 460 investors and analysts across the region, a slight increase from last year. The participants included fund managers with investment interests in Southeast Asia, large institutional investors, insurance companies, pension funds, funds of hedge funds, private banks, equity and fixed income brokers as well as buy and sell-side analysts. Voting by public-listed corporates were automatically discarded and excluded from the vote count. Over 3,000 qualified participants were sent questionnaires in mid-January 2012 and all responses were received by mid-May 2012.

The results are published country by country. This year, we have also nominated the Best CFO in Southeast Asia; Best Annual Report in Southeast Asia as well as Strongest Commitment to Sustainable Energy in Southeast Asia.

In Indonesia, eight publicly-listed companies with the best perception among investors include coal miner Adaro, conglomerate Astra International, banking giants Bank Mandiri and Bank Central Asia, nickel miner Antam, steel producer Krakatau Steel, telecoms behemoth Telkom and national airline
Garuda Indonesia.

In Malaysia, the ten companies include regional powerhouses CIMB Group, Maybank and Public Bank, Asian focused telecoms group TM and rival Maxis, efficiency-focused palm oil producer IOI Group, power producer Tenaga Nasional, conglomerate YTL Corp, low cost carrier AirAsia and recently listed Petronas Chemicals.

In Philippines, the eight companies include diversified conglomerate SM Investment Corp and Ayala Corp, predominantly real estate focused player Megaworld, rival banks BDO & BPI, telecoms players Globe Telecom & PLDT as well as consumer giant San Miguel.

In Singapore, eight companies most preferred by institutional investors include regionally diversified telecoms company SingTel and local telecoms player Starhub, global real estate player Capitaland, regional banks DBS Bank, OCBC & UOB, aeronautical engineering specialist SIA Engineering, and conglomerate Keppel Corp.

In Thailand, seven companies most favourably thought about, among investors include stock exchange market mover PTT Plc., industrial giant Siam Cement Group, fast growing beverage giant Thai Beverage, telecoms provider TAC, energy giants Ratchaburi and Thai Oil as well as globally renowned national airline Thai Airways

In Vietnam, five publicly-listed companies were ranked including FPT Corporation, PVD Drilling as well as highly ranked Vinamilk as well as Detergent Joint Stock, FPT Online Service Joint Stock and Vincom Joint Stock.

In terms of the Best CFO in Southeast Asia, the award goes to Jeann Low, CFO at SingTel. The award for the Best Annual Report in Southeast Asia goes to Keppel Corp while the award for the Strongest Commitment to Sustainable Energy in Southeast Asia goes to Thai Oil.

In all, 47 Southeast Asian publicly-listed companies were ranked and this list represents the crème-de-la crème of best practices whether it be corporate governance, investor relations, disclosure, transparency, financial management, CSR or dividend policy.

Congratulations to all the winners.

REGIONAL AWARDS

BEST CFO IN SOUTHEAST ASIA
Jeann Low, CFO at SingTel

BEST ANNUAL REPORT IN SOUTHEAST ASIA
Keppel Corp

STRONGEST COMMITMENT TO SUSTAINABLE ENERGY IN
SOUTHEAST ASIA
Thai Oil

INDONESIA

MOST ORGANISED INVESTOR RELATIONS: 
Adaro
Astra International
Bank Mandiri

BEST SENIOR MANAGEMENT IR SUPPORT: 
Antam
Bank Mandiri
Krakatau Steel

STRONGEST ADHERENCE TO CORPORATE GOVERNANCE: 
Adaro
Antam
Astra International

MOST CONSISTENT DIVIDEND POLICY: 
Astra International
Bank Central Asia
Telkom

BEST STRATEGIC CORPORATE SOCIAL RESPONSIBILITY: 
Astra International
Bank Mandiri
Telkom

MOST IMPROVED INVESTOR RELATIONS:
Garuda Indonesia

BEST CFO IN INDONESIA:
Pahala Mansury, CFO, Bank Mandiri

BEST ANNUAL REPORT IN INDONESIA:
Adaro Energy

POOR & UNPREDICTABLE INVESTOR RELATIONS STRATEGY: 
Bumi Resources
Global Mediacom
Gudang Garam

MALAYSIA

MOST ORGANISED INVESTOR RELATIONS: 
CIMB
Maxis
TM

BEST SENIOR MANAGEMENT IR SUPPORT: 
IOI
TNB
YTL Corporation

STRONGEST ADHERENCE TO CORPORATE GOVERNANCE: 
IOI
Public Bank
Maybank

MOST CONSISTENT DIVIDEND POLICY: 
Maybank
Public Bank
TM

BEST STRATEGIC CORPORATE SOCIAL RESPONSIBILITY: 
Airasia
Petronas Chemicals
TM

MOST IMPROVED INVESTOR RELATIONS:
Maybank

BEST CFO IN MALAYSIA: 
Khairussaleh Ramli, Maybank

BEST ANNUAL REPORT IN MALAYSIA:
TM

POOR & UNPREDICTABLE INVESTOR RELATIONS STRATEGY: 
Berjaya
Digi.com
Genting

PHILIPPINES

MOST ORGANISED INVESTOR RELATIONS: 
BDO
Megaworld
SMIC

BEST SENIOR MANAGEMENT IR SUPPORT: 
BPI
Globe Telecom
PLDT

STRONGEST ADHERENCE TO CORPORATE GOVERNANCE: 
Ayala Corp
Megaworld
SMIC

MOST CONSISTENT DIVIDEND POLICY: 
Globe
PLDT
San Miguel

BEST STRATEGIC CORPORATE SOCIAL RESPONSIBILITY: 
Ayala
San Miguel Corp
SMIC

MOST IMPROVED INVESTOR RELATIONS:
San Miguel Corp

BEST CFO IN THE PHILIPPINES: 
Jose Sio, CFO, SM Investment Corp

BEST ANNUAL REPORT IN THE PHILIPPINES:
Ayala Corp

POOR & UNPREDICTABLE INVESTOR RELATIONS STRATEGY: 
Lepanto
Metrobank
Security Bank Corp

SINGAPORE

MOST ORGANISED INVESTOR RELATIONS: 
Capitaland
Starhub
SingTel

BEST SENIOR MANAGEMENT IR SUPPORT: 
OCBC Bank
SingTel
SIA Engineering

STRONGEST ADHERENCE TO CORPORATE GOVERNANCE: 
Capitaland
Keppel Corp
SingTel

MOST CONSISTENT DIVIDEND POLICY: 
DBS Bank
SingTel
UOB

BEST STRATEGIC CORPORATE SOCIAL RESPONSIBILITY: 
Capitaland
SingTel
Starhub

MOST IMPROVED INVESTOR RELATIONS:
OCBC Bank

BEST CFO IN SINGAPORE: 
Jeann Low, CFO, SingTel

BEST ANNUAL REPORT IN SINGAPORE:
Keppel Corp

POOR & UNPREDICTABLE INVESTOR RELATIONS STRATEGY: 
NOL
Singapore Press Holdings
SATS

THAILAND

MOST ORGANISED INVESTOR RELATIONS: 
PTT
SCG
Thai Beverage

BEST SENIOR MANAGEMENT IR SUPPORT: 
Total Access Communication
Ratchaburi Electricity Generating
PTT

STRONGEST ADHERENCE TO CORPORATE GOVERNANCE: 
PTT
SCG
Thai Oil

MOST CONSISTENT DIVIDEND POLICY: 
Total Access Communication
PTT
SCG

BEST STRATEGIC CORPORATE SOCIAL RESPONSIBILITY: 
PTT
SCG
Thai Oil

MOST IMPROVED INVESTOR RELATIONS:
Thai Airways

BEST CFO IN THAILAND:
Chaovalit Ekabut, CFO, SCG

BEST ANNUAL REPORT IN THAILAND:
Thai Beverage

POOR & UNPREDICTABLE INVESTOR RELATIONS STRATEGY: 
Central Group
Padaeng Industry
Quality Houses

VIETNAM

MOST ORGANISED INVESTOR RELATIONS: 
FPT Corporation
PVD Drilling
Vinamilk

BEST SENIOR MANAGEMENT IR SUPPORT: 
FPT Corporation
PVD Drilling
Vinamilk

MOST CONSISTENT DIVIDEND POLICY: 
Detergent Joint Stock
FPT Online Service Joint Stock
Vincom Joint Stock

BEST CFO IN VIETNAM
Ms. Ngo Thi Thu Trang, CFO, Vinamilk

POOR & UNPREDICTABLE INVESTOR RELATIONS STRATEGY: 
La Nga Sugar Cane and Sugar
Song Da Urban & Industrial Zone Investment and Development
Vietnam Petroleum Transport Joint-stock Company

Source: http://www.alphasoutheastasia.com/article.php?id=1939&searchBy=topic&topic=

International Reserves of Bank Negara Malaysia as 15 June 2012at

The international reserves of Bank Negara Malaysia amounted to RM417.3 billion (equivalent to USD136 billion) as at 15 June 2012. The reserves position is sufficient to finance 9.3 months of retained imports and is 4.1 times the short-term external debt.


Source: Bank Negara Malaysia

FELDA GLOBAL VENTURES HOLDINGS BERHAD

FELDA GLOBAL VENTURES HOLDINGS BERHAD  

WRIT OF SUMMONS AND STATEMENT OF CLAIM BY 957 SETTLERS IN RANCANGAN FELDA KERATONG 1 – 10 IN PAHANG

The Company wishes to announce that the Federal Land Development Authority (“FELDA”), a major shareholder of Felda Global Ventures Holdings Berhad (“FGVH” or the "Company") and Felda Palm Industries Sdn Bhd (“FPI”), a subsidiary of Felda Holdings Berhad which in turn is a 49%-owned associate of FGVH (collectively “the Defendants”), had on 18 June 2012 received a Writ of Summons and Statement of Claim dated 5 June 2012 filed by Md Hamidin Ab Rani and 956 other settlers in Rancangan Felda Keratong 1 – 10 in Pahang (“the Plaintiffs”) at the Kuantan High Court vide Civil Suit No. 22NCVC-129-6/2012 (“Suit”).

The Plaintiffs alleged that FELDA as the 1st Defendant and FPI as the 2nd Defendant had, inter alia, defrauded the Plaintiffs and/or conspired to defraud the Plaintiffs with regard to the sale of oil palm fruits cultivated by the Plaintiffs by the grading system of the Graded Extraction Rate and the weighing system of the palm fruits to reduce the Graded Extraction Rate.

The Plaintiffs’ claims against the Defendants are as follows:

(i)         1st Defendant and 2nd Defendant to pay special damages to the Plaintiffs based on the total production and fresh fruit bunch palm oil price for each year commencing from 1995 - Plaintiffs will rely on on Section 22 of the Limitation Act, 1953;

(ii)        1st Defendant and 2nd Defendant to pay general and exemplary damages for fraud and breach of trust;

(iii)       interest rate of 4% per annum on special damages commencing from 1995;

(iv)       interest rate of 8% per annum on general damages from the date of filing of this Writ until full payment;

(v)        costs; and

(vi)       further or other relief.

FELDA GLOBAL VENTURES HOLDINGS BERHAD

FELDA GLOBAL VENTURES HOLDINGS BERHAD 

PROPOSED INTERNAL REORGANISATION

All defined terms used in this announcement shall have the same meaning as those defined in the Prospectus issued by Felda Global Ventures Holdings Berhad (“FGVH”) dated 31 May 2012.

The Board of Directors of FGVH (“Board”) wish to announce that the Company intends to undertake an internal reorganisation exercise which comprises the following:

(i)         the transfer by Twin Rivers Technologies Holdings Inc (“TRT Holdings”) of its 100% equity interest representing 6,882 common shares in Twin Rivers Technologies Holdings Entreprises de Transformation de Graines Oléagineuses du Québec Inc (“TRT Holdings ETGO Inc”) to Felda Global Ventures North America Sdn Bhd (“FGV North America”) for a cash consideration of CAD1.00;

(ii)         the merger of Twin Rivers Technologies US Inc (“TRT US”) with and into TRT Holdings.  Upon completion of the merger, the shareholdings of FGV North America in TRT Holdings, representing 117,646 Class A Common Stock shares and 80,000 Class B common stock will be converted to a single class common stock only;

(iii)        the forgiveness and cancellation of debt by FGV North America to Felda Global Ventures North America US LLC (“FGV US LLC”) and by FGV US LLC to TRT Holdings (as successor by merger to TRT US) through conversion of the subordinated debts in TRT Holdings of USD49.7 million to equity;

(iv)        the dissolution of FGV US LLC which was set-up initially as a special purpose entity to fund the loan to TRT US to mitigate the risk of recharacterising the debt as equity in the event of a bankruptcy filing.  Since the intercompany subordinated debt is being forgiven as detailed in item (iii) above, thus there is no need for this entity to remain in existence; and

(v)        the debt restructuring to be undertaken by TRT Holdings ETGO Inc and Twin Rivers Technologies Entreprises de Transformation de Graines Oléagineuses du Québec Inc (“TRT-ETGO Inc”).  The debt restructuring involves the conversion of their respective 73,053,223 units of Class A preferred shares valued at CAD73.05 million in exchange for 1,000 common shares valued at CAD73.05 million, as well as the injection of funds by FGVH, via FGV North America and TRT Holdings ETGO Inc, into TRT-ETGO Inc which will then be used to settle TRT-ETGO Inc’s external debts of CAD102 million.

(collectively referred to as the “Proposed Internal Reorganisation”)

As a background, as at the date of this announcement;

(a)           TRT-ETGO Inc is a wholly-owned subsidiary of TRT Holdings ETGO Inc;

(b)           TRT Holdings ETGO Inc is a wholly-owned subsidiary of TRT Holdings;

(c)           TRT US is a wholly-owned subsidiary of TRT Holdings;

(d)           TRT Holdings is a wholly-owned subsidiary of FGV North America;

(e)           FGV North America is a wholly-owned subsidiary of Felda Global Ventures Downstream Sdn Bhd (“FGV Downstream”) which in turn is a wholly-owned subsidiary of FGVH; and

(f)            FGV US LLC is a wholly owned subsidiary of FGV North America.

The objective of the Proposed Internal Reorganisation is to streamline operations whereby FGV Downstream via FGV North America will directly own TRT Holdings ETGO Inc via subscription of 1,000 common shares in TRT Holdings ETGO Inc, and the merged entity of TRT US and TRT Holdings after the Proposed Internal Reorganisation.  The reorganisation exercises are expected to result in improved management flexibility in managing its operations, including facilitating future business arrangements and the development of the businesses.  In addition, the proposed repayment of external debts by TRT-ETGO Inc is intended to reduce its debt obligations and is expected to place it on a stronger financial footing and better placed to improve its future profits going forward as well as enhance its growth potential. 

FGVH will drawdown its existing borrowing facilities and subsequently extend the funds to FGV North America.  FGV North America will use the funds to subscribe for shares in TRT Holdings ETGO Inc.  TRT Holdings ETGO Inc will in turn use the funds to subscribe for shares in TRT-ETGO Inc.  TRT-ETGO Inc will then use these funds to settle its external debts of CAD102 million.  Pursuant to the above, the Board wishes to highlight that the proceeds from the IPO that is currently earmarked for the repayment of borrowings of TRT-ETGO Inc will now be utilised to repay the borrowings facilities to be drawn down by FGVH.

The Proposed Internal Reorganisation is not expected to have any effect on the issued and paid-up capital of FGVH or FGVH’s substantial shareholdings or any material effect on the earnings, net assets or gearing of FGVH on a consolidated basis.  The Proposed Internal Reorganisation is also not expected to have any effect on the IPO and Listing of FGVH.  The group structure of FGVH’s operations in the United States and Canada before and after the Proposed Internal Reorganisation but before the IPO, is set out in the attached Diagram 1.

The Proposed Internal Reorganisation does not require the approval of the relevant government authorities. The proposals within the Proposed Internal Reorganisation are expected to be completed prior to the Listing of FGVH.

None of FGVH’s directors, major shareholders and/or persons connected to them has any interest, whether direct or indirect, in the Proposed Internal Reorganisation.

The Board, after considering all aspects of the Proposed Internal Reorganisation, is of the opinion that the Proposed Internal Reorganisation is in the best interest of FGVH.

This announcement and the information contained herein are not an offer for sale of the securities of FGVH in the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. FGVH does not intend to register any portion of the offering in the United States or to conduct a public offering of its securities in the United States.

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/B943F65A8588839E48257A24003C864A/$File/FGVH%20-%20Diagram%201%20(210612).pdf

SMART CONGRESS - Special Edition

http://www.amiando.com/e/zatmbd

“Now’s Your Chance to Learn
How to Start a Profitable Internet Business,
Make Money From Home in 3 Days or Less…
And Live the Life of Your Dreams!”  
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if you want to move from simply existing to something exciting…
if you’d like to wake up every day to a life that inspires and exhilarates you… 
 
 
If you want to see a ‘LIVE’ step-by-step demo of how the experts make their 6-figure incomes a month working from home and learn how you can do it too… then you MUST reserve your seat with us right now.

Imagine How Fantastic Life Would Be If You Could Earn a Full-Time Income of
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Special Workshop Sessions – Building the right foundation from Day 1, you'll have hands on workshops (no computer required) led by experts to help you plan and strategise to grow an online business. Whether you are an absolute beginner who wants to learn step-by-step how to get started, or a seasoned veteran who wants to improve your results, these workshops will give you the mindsets, skills and tools to do it right. Better yet, these workshop sessions will be taught at a comfortable pace using a simple language you can easily follow. Once you’ve completed the session, you will be surprised at how simple it really is to jumpstart your very first money-making Internet business!
   
 Get ROI (Return on Investment) Faster - You will learn how to put together an online business with minimum capital in the shortest time possible so you can work wherever and whenever you want.
   
 Meet-and-Greet Session - This is a golden opportunity for you to meet the who’s who of Internet Marketing. You’ll be part of a special session on Day 3 to personally meet and chat with your money mentors. Ask all the questions you want and make them spill their secrets to making their first $1,000,000 online!
Ed’s note: How will these experts get you on the fast path to online wealth? Well, you’ll be learning from actual people who have “been done and done that”, and not some wannabe who has read a load of theory from a book and think they have what it takes to help you make money. You will learn from REAL experts who are at the top of their game and are using a time-tested formula that cashes in millions of dollars online.

   
Exclusive Bonuses for SMART attendees: As a reward for taking action to succeed, you’ll walk away with incredible BONUSES when you attend the SMART Congress. We won’t reveal too much at this stage, but you’ll be getting all the right tools you need to get started on the path to financial freedom…at the click of a mouse!

Purchase your ticket now and you will be entitled for exclusive bonuses

For those are purchased by 25th June 2012, additional bonuses (Book "Get Hardwired For Success" by T. Harv Eker and e-book "The Money In The List Formula") will be given to 1st 199 people.

There are FOC tickets available without any bonus!

More info at http://www.amiando.com/e/zatmbd

一股作气：UEM置地大展拳脚

近期企业活动消息连连的UEM置地控股（UEMLand，5148，主板产业股），不仅放眼进军东马，并且计划走出国内市场。

为扩大业务版图，该集团有意开拓和打进沙巴和砂拉越市场，且积极物色合适的地段，并以综合住宅与商业为主发展计划。

与此同时，该集团也探讨在海外市场的发展计划，目前已锁定探讨渗入东南亚区域市场。

UEM置地控股是马股产业领域中，市值最大的产业公司，目前最受瞩目的产业发展项目，就是马来西亚依斯干达特区旗舰计划之一的努莎再也（Nusajaya）。

努莎再也发展计划占地2万3875英亩，而该集团是这项发展计划的主要发展商（Master Developer），当中1万403英亩的地库由该集团所拥有。

UEM置地控股的其他业务，也包括资产与设施管理、产业投资、发展管理和酒店业务。

而在去年2月，随着该集团完成收购阳光（Sunrise），促使其地库和产业发展也已多样化，且业务立足加拿大。

截至4月，该集团计有10项产业计划正在发展中，发展总值（GDV）超过50亿令吉，各别将在2013年至2020年期间竣工。

至于在今年及未来，放眼推介合计达25个项目，发展总值超过373亿令吉；而该集团在2011年报指出，计划在今年推出不少过15项产业计划。

联营发展迪沙鲁

当中计划在吉隆坡、满家乐、柔佛、万津和加影地区推出房地产计划，其他项目也涵盖商业、住宅等各类型房地产。

近期，UEM置地控股宣布以联营的方式，在柔佛迪沙鲁联营发展高级住宅度假村和海滩俱乐部。

该计划总面积达678.7英亩，涵盖两个高尔夫球场、独立洋房、排屋和公寓等高级住宅度假村，以及一个海滩俱乐部。

这将有助于UEM置地控股从专注在柔佛西部努莎再也的发展，多元化至东部的娱乐和旅游区——迪沙鲁。

为让业务取得增长，该集团计划进军东马市场，并且已在沙砂两州与有关地主展开洽谈收购细节。

与此同时，UEM置地控股也有意开发国外市场的产业发展计划，并放眼在东南亚区域市场内。

为此，该集团已与国外发展商洽谈当地发展计划，并且到相关国家实地考察，不排除以联营方式进行。

有信心达绩效指标

从2008年起，UEM置地的营业额为5亿1164万7000令吉、4亿791万3000令吉、4亿7113万6000令吉，到2011年的17亿317万2000令吉。

至于净利表现方面，则呈现稳定的增长趋势，从2008年起的7418万9000令吉、到1亿1462万2000令吉、1亿9453万7000令吉，以及去年的3亿171万2000令吉。

净利飙升两倍

在2012年首季度的业绩表现，该集团的营业额取得62%增长，达3亿371万7000令吉，而净利更是飙升两倍至5417万1000令吉。

在季报上，UEM置地控股指出，在现有的借贷环境下，对产业市场的短期展望维持谨慎态度，但对于集团的前景仍充满信心。

这主要是因该集团在现有的计划下，未入账的款项达到18亿5000万令吉，并将在今明年为集团的营收和盈利带来贡献。

为此，UEM置地控股管理层在本财年设下的关键绩效指标（KPI），包括取得30亿令吉的营销以及投资回酬（ROE）达到10%水平，皆有信心可达标。

同时，该集团也宣布，将20%至40%的净利作为其股息派发政策，惟这也将取决于其储备金和现金流状况。

手握5.5亿现金

肯南嘉投资研究预计，该集团在今明两年的营收，分别可达30亿令吉和38亿令吉，而净利则各别为3亿9300万令吉和5亿100万令吉。

假设派息率达40%净利水平，这也意味着，该集团的今后两年的股息派发，分别为3.6仙和4.6仙，周息率为1.8%和2.4%。

依据最新四个季度的盈利，既2011年次季到2012年首季，UEM置地控股的净利为3亿3827万7000令吉，每股盈利大约为7.8仙。

依此和周五的闭市价格RM1.95计算，该股的估值相等于25倍本益比；相比每股净资产RM1.13（截至3月31日），该股目前的交易水平，则相等于1.7倍。

截至今年3月，该集团的贷款额达12亿2810万4000令吉，而其现金、银行余款和存款只有5亿5841万2000令吉。

至于投资风险方面，则包括无法达到营销目标、产业领域的负面政策、经济放缓和其他因素等。

投资交流站

问


你好！我想知道，什么是附加股？对公司或投资者有什么影响？

希望你能回答。谢谢！

南洋读者 上

答

当一家企业通过上市计划筹集资金时，将通过发行新股（又称为首次公开发售，IPO）向大众集资。

然而，已经上市的公司，在无意向金融机构借贷之下，可以通过发行附加股（Rights Issue），向现有的股东集资。

附加股主要是按固定比例以某一价格发行给现有的股东。为吸引股东认购，一般上，附加股的发行价会比市价来得低（折价发行）。

股东有权执行或拒绝其权利，无意认购附加股的股东，可以在公开市场中，脱售有关附加股的认购权。

鉴于股价会在除权日作出调整，因此，无意认购且没有在公开市场脱售其认购权的股东，将面临一定程度上的亏损。

公司发行附加股，一般都以扩展业务为住，当中也可能包括偿还银行贷款，以降低债务及从中节省利息成本。

然而，发行附加股，也意味着市场上的票数增加，因此，此举将稀释每股盈利。

如果所有股东依据本身的权益认购附加股，在股权维持一样的情况下，基本上并无太大的影响。

FELDA GLOBAL VENTURES HOLDINGS BERHAD

Following the completion of the bookbuilding process under the Institutional Offering on 13 June 2012, on behalf of FGVH, CIMB and Maybank IB wish to announce that the Institutional Price and the Final Retail Price have been fixed, as set out below:

Institutional Price: RM4.55

Final Retail Price⁽¹⁾: RM4.45

Note:

(1) The lower of the Retail Price of RM4.55 per Share and 98% of the Institutional Price.

Applicants under the Retail Offering should note that the Retail Price was paid for applications under the Retail Offering. As the Final Retail Price of RM4.45 per Share is lower than the Retail Price, a refund of the difference of RM0.10 per Share shall be made without any interest thereon. The refund in the form of cheques will be despatched by ordinary post to the address maintained with Bursa Depository for application made via Application Form or by crediting into the successful applicant’s account with the Participating Financial Institution for application made via the Electronic Share Application or by crediting into the successful applicant’s account with the Internet Participating Financial Institution for application made via Internet Share Application, within 10 Market Days from 15 June 2012, at the successful applicant’s own risk. 

*******************************************************************************************************************

In accordance with Section 9(1) of the Capital Markets and Services (Price Stabilization Mechanism) Regulations 2008, Maybank Investment Bank Berhad (“Maybank IB”), being the stabilizing manager (“Stabilizing Manager”) in respect of the Initial Public Offering, hereby announces that:

(a)        the Shares may be subject to stabilizing action;

(b)        the maximum period during which the Stabilizing Manager may stabilize the price of the Shares shall be the earlier of (i) 30 days from the commencement of trading of the Shares on the Main Market of Bursa Securities; or (ii) the date when the Stabilizing Manager has bought, on the Main Market of Bursa Securities, an aggregate of 109,445,000 Shares representing up to approximately 5.0% of the total number of Shares offered under the Initial Public Offering;

(c)        up to 109,445,000 Shares are the subject of an over-allotment option, solely for purposes of covering over-allotments of the Shares in the Initial Public Offering; and

(d)        the Stabilizing Manager may buy up to 109,445,000 Shares to undertake stabilizing action.

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/1ADA1CC3197A9E9048257A1E003684E4/$File/Letter%20to%20Bursa_Stabilising%20Manager_15.6.2012.pdf

Tips on Financial Issues for the Public and Consumers

BANKING ISSUES

Read the terms and conditions of a contract carefully
You have to read and understand the terms and conditions of an agreement/contract for any loan or investment related product prior to signing any related documents.

Responsibilities of a guarantor
You have to understand the responsibilities and obligations of a guarantor. Guarantors are legally bound to make repayment if the borrower fails to settle the loan.

Disclosure of financial information
Do not disclose your financial information such as account number, credit card number, password and other personal particulars to third parties either via telephone, e-mails or any links in websites.

Transactions at ATM machines
Do not allow third parties to make transactions at ATM machines on your behalf, even to those whom you know such as your spouse.

Credit card transactions
Credit cards should be used as a payment instrument and utilisation should be within your means. Please verify the amount swiped after each credit card transaction and make sure the card returned belongs to you. ?

Submission of documents
Be cautious before submitting photocopies of your identification card or passport to third parties, other than to financial institutions or lawyers acting on your behalf.

Internet banking facilities
Do not be deceived into opening an internet banking account in order to win prizes or inheritance from an unknown party. This could be a scam! If you have already done so, contact and report to your bank and to the police immediately for their further action, also keep Bank Negara Malaysia informed.

Memory cache function
Do make sure that you have log-out properly after using the internet banking and clear the memory cache after completing the transactions.

INSURANCE ISSUES

Read the policy contract carefully
You have to read and understand the terms and conditions of the policy upon receiving the policy contract from insurance companies. You are given 15 days from the date of receipt to scrutinise contents of the policy. Use this opportunity to validate the information and evaluate whether the policy suits your requirement. Understand the limitations or the exemption clauses. Please contact the insurance company or its agents for further explanation, if necessary.

Importance of disclosure
You must disclose all material facts in your application form completely. If your agent fills up the application form on your behalf, please read and understand the requirements in the form prior to signing the form. Failure to do so could cause your insurance policy to be terminated or the insurance company might repudiate your claims.??

Purchase of insurance policy
You can purchase insurance policy either directly from the insurance company, through authorised agent, or banks/financial institutions which has bancassurance arrangement with insurance companies. If you are buying the insurance policy from an agent, please ensure that he/she is an authorised agent of the insurance company. If you have doubt, request for proof such as registration/authorisation card of the agent or contact the insurance company directly. All authorised agents are registered under Persatuan Insurans Am Malaysia (PIAM) or Persatuan Insurans Hayat Malaysia (LIAM).

Premium payment
You have the choice to either pay the premium directly to the insurance company or through agents. You have to ensure payment is made under the insurance company?s name and also ensure that you receive the original receipt from the insurance company. Avoid making cash payment to the agents, if possible.

QUICK RICH SCHEME

Investment and deposit taking
If you want to invest, please ensure the company has a VALID licence from the Authorities such as Bank Negara Malaysia (BNM), Securities Commission (SC) and Kementerian Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan (KPDNKK). You can contact BNM at 1-300-88-5465, SC (03-62048999/03-62048777) and KPDNKK (1-800-886-800) to verify the status of the companies.

High investment returns
Be cautious of any form of marketing strategy which promises high returns or profits without risk. High returns come with high risks. Make sure you gather additional information about the company.

SMS or prank calls
If you receive any SMS or call through your mobile phone, promising huge cash rewards with the condition that you are required to reply to the SMS or return the call, you have to substantiate first by checking with the Authority such as Bank Negara Malaysia. Always be cautious of such calls.

Source: Bank Negara Malaysia