Oil and gas service provider T7 Global Berhad (“T7 Global” or the “Group”) via its unit T7 Marine Sdn Bhd (“T7 Marine”) today inked a shareholders agreement with Hong Kong-based DIV Diving Engineering Company Ltd (“DIV Diving”) and Singapore’s Cornerstone Offshore Pte Ltd (“Cornerstone”) to jointly form a Special Purpose Vehicle (“SPV”) named T7 Subsea Sdn Bhd to carry out underwater subsea engineering services for the oil and gas industry in Malaysia.

Incorporated in 1999, DIV Diving is a leading Engineering, Procurement, Construction and Commissioning underwater solutions provider for oil and gas production facilities in China. Notable for its underwater business with more than 20 years of experience, DIV Diving has completed over 450 projects and is equipped with resources, not forgetting its highly skilled workforce.

Meanwhile, Cornerstone is involved in the provision of subsea and seabed intervention solutions as well as project management that include installation and construction support, pipeline and cable burial services to the windfarm, energy, telecommunications, mining and oil and gas sectors.

T7 Marine primarily involved in supporting the business localisation and providing operational support. The formation of the SPV will enable T7 Marine to leverage on DIV Diving’s and Cornerstone’s expertise, knowledge and support that would be an added advantage for T7 Subsea to secure underwater business contracts.

With regard to the shareholdings structure, the three parties have agreed that the initial share capital of the SPV would be RM200,000 with each share issued at RM1.Therefore, T7 Marine will hold 55% equity interest or 110,000 shares, followed by DIV Diving owning 30% or 60,000 shares and the remaining by Cornerstone. Further working capital requirements will be review from time to time by the SPV.

“This new venture would provide an opportunity for T7 Global to expand its subsea and underwater activities in oil and gas industry. We are confident that both the companies have the relevant expertise in the industry that would be a key element for the Group to grow further in the oil and gas industry.” said Datuk Seri Dr. Nik Norzul Thani bin N. Hassan Thani, Chairman of T7 Global Berhad.

Kuala Lumpur, 26 July 2018 – KIP Real Estate Investment Trust (“KIP REIT” or “the Fund”), the first hybrid community-centric retail REIT listed on Bursa Malaysia today announced its fourth quarter results ended 30 June 2018 (“Q4FY2018”) with a total revenue of RM16.13 million and a higher profit after tax (“PAT”) of RM12.40 million.

FINANCIAL RESULTS
Revenue for the quarter of RM16.13 million was marginally higher than the preceding year’s corresponding quarter ended 30 June 2017 (“Q4FY2017”). Net property income (“NPI”) recorded an improvement of RM252,000 or 2.3% compared to Q4FY2017, which was due to higher rental from promotional events and lower operating expenses.

PAT for the quarter improved by RM3.3 million or 35.8% higher compared to Q4FYE2017 due to the fair value gain on the investment properties of RM3.3 million during the financial period as well as improved operational efficiency.

The performance for the financial year ended 30 June 2018 had exceeded the forecasted financial projections from the prospectus during the Fund’s Initial Public Offering (IPO). Net property income was RM828,000 or 2% higher and PAT was RM4.58 million or 13.9% higher than forecasted. The improvement of RM1.26 million in PAT (excluding the RM3.3 million fair value gain on investment properties) was mainly contributed by the improved operational efficiency with lower operating expenses recognised by the Fund.

For the quarter under review, the Manager of KIP REIT declared an interim distribution per unit (“DPU”) of 1.80 sen per unit, amounting to approximately RM9.095 million, which will be paid to unitholders on 23 August 2018. For the full financial year ended 30 June 2018, the Fund has declared a total distribution of RM34.51 million or 6.83 sen per unit, which translated to a distribution yield of 8.3%*.

Commenting on the financial results, Dato’ Chew Lak Seong, Managing Director of KIP REIT Management Sdn Bhd (the Manager of KIP REIT) said, “We are delighted to announce our first full year results ended 30 June 2018 and that we have delivered beyond our promise made during the IPO, despite the current challenging retail market conditions. With our full year distribution of 6.83 sen per unit, we can proudly claim that KIP REIT has one of the highest yields amongst the REIT players, with an exceptional distribution yield of 8.3% for the financial year.

He added, “We expect the 2H2018 to be positive for the retail industry as the Malaysian Institute of Economic Research (“MIER”) reported that consumer confidence jumped to its highest levels in 21 years in light of improving consumers’ income and favourable employment outlook, not forgetting the zerorising of the goods and services tax. Nevertheless, we will continue to pursue the perfect tenant mix and undertake asset enhancement initiatives (“AEIs”) to ensure that our properties continue to generate strong performance. We will also continue to assess the injection of our right of first refusal (“ROFR”) properties and offers to acquire third party properties at the right price to grow the Fund.”

*The distribution yield of 8.3% is based on the closing price of RM0.82 per KIP REIT unit as at the closing of 26 July 2018.

Nusmetro Group (Nusmetro) prominently known for its Arte Series developments, announced today that it has contributed RM1 million to Tabung Harapan Malaysia.

Driven by the noble cause of Tabung Harapan Malaysia, Nusmetro is proud to further add to the outpouring of goodwill and strongly feel that patriotism and building towards a better Malaysia should be instilled to every able corporate citizen. Nusmetro also hopes that more will come forward to contribute.

In a simple ceremony this afternoon, Minister of Finance, YB Lim Guan Eng, received a RM1 million cheque from Nusmetro founding partners, Thomas Chan & Dato Au Chee Fai.

This contribution also marks the support for the new government in its initiatives in taking the country to a whole new level, as it is only through such crucial times the people must unite and play their roles as good citizens.

After Tan Sri Vincent Tan disposed their shares , executive director of T7 , Tan Kay Vin purchased apprixamately 7 million shares which holds total 2.37% stakes in total .

Crest Builder Holdings Berhad’s (“Crest Builder” or “the Group”) wholly owned subsidiary, Nepfield Sdn Bhd (“Nepfield” or “the Vendor”) today entered into a Sale and Purchase Agreement (“SPA”) with Sunrise Pioneer Sdn Bhd (“Sunrise Pioneer” or “Purchaser”), a property development company which is a wholly owned subsidiary of UEM Sunrise Berhad for the proposed disposal of a 1.189 hectare parcel of freehold land under a willing buyer and willing seller basis for a total cash consideration of Ringgit Malaysia Thirty Four Million Ringgit and zero cents only (RM34,000,000.00) (“Disposal Consideration”).

The freehold land is held under Geran Mukim 1059 Lot 1863, Tempat Sungei Teba, Mukim Batu, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur and is located at Off Jalan Kiara 5, Mont’Kiara, Kuala Lumpur and is approximately 1.189 hectares in size. This effectively translates to a price per square feet (“psf”) of RM266 with its disposal consideration of RM34.0 million.

Under the terms of the transaction, the 30% of the disposal consideration or RM10,200,000 will paid to the Vendor upon the execution of the SPA as a deposit (“Deposit”) while the remaining 70% or RM23,800,000 will be paid to the Vendor’s solicitors as stakeholders on or before the expiry of the completion period which is fourteen (14) days from the unconditional date or on or before 30 August 2018.

The disposal of the parcel of land will strengthen the Group’s financial position and enable the Group to have additional working capital which it will use for its construction segment which has a total outstanding construction order book of approximately RM900 million as at 28 June 2018.

“We are pleased to have entered into this SPA with Sunrise Pioneer for the disposal the 1.189 hectare of land of which we are expected to realise an expected gain on disposal, net of tax, of approximately RM15.24 million which we will recognise for the financial year ending 31 December 2018 (“FYE2018”). The disposal proceeds will allow the Group to have additional working capital to provide exceptional delivery for the various construction projects that we under our belt.” commented Mr. Eric Yong, Group Managing Director of Crest Builder Holdings Berhad.

T7 Global Berhad (“T7 Global” or the “Group”), a Malaysia-based international service provider in the oil and gas industry is pleased to announce its first quarter results for the year ending 31st March 2018 (“Q1FYE2018”). T7 Global’s Q1FYE2018 reported a revenue of RM55.5 million, an increase of 86% as compared to the corresponding quarter last year (“Q1FYE2017”) of RM30 million.

For the current quarter under review, the Group’s Profit Before Tax (“PBT”) surged 614%, from RM0.3 million in the corresponding quarter last year to RM1.9 million. The increase in PBT was mainly due to the increase of revenue and improvement of performance in the oil and gas sector. Correspondingly, Profit after tax (“PAT”) for the quarter rose to RM1.9 million.

“We are always exploring for new opportunities and enhance our businesses to deliver greater shareholders. Crude oil price rose to almost US$80 per barrel most recently, from a 12-year low of US$28 per barrel in February 2016. Should the crude oil price maintaining above US$60 per barrel, the outlook for the industry will be positive. We will continue to operate our businesses steadily and reliably across our portfolio and deliver sustainable growth. Premised on the above and barring any unforeseen circumstances, the Group is positive of our prospects and performance for FYE2018 and the subsequent financial years.” said Tan Sri Datuk Seri Tan Kean Soon, Executive Deputy Chairman of T7 Global Berhad.

In view of the improved PAT, the basic earnings per share has also increased from 0.1sen in Q1FYE2017 to 0.5 sen in the current financial quarter Q1FYE2018.

AWC BERHAD (“AWC” or “the Group”), a well-established engineering services provider announced its third quarter results for the financial year ending 30 June 2018 (“Q3FYE2018”) with:

Revenue of RM75.25 million
PBT of RM11.18 million
PAT of RM8.51 million
PATAMI of RM6.86 million

As compared to its corresponding year (“Q3FYE2017”) with:

Revenue of RM67.42 million
PBT of RM9.20 million
PAT of RM6.51 million
PATAMI of RM5.03 million

Which translates to an increase of:
11.6%
21.5%
30.7%
36.4%

Segmental Performance (Q3FYE2018 vs Q3FYE2017)
The Group’s Facilities division registered revenue and PBT of RM46.29 million and RM5.08 million, which translates to an increase of 59.1% and a decrease of 12.5% respectively. The increase of revenue was mainly attributed to the commencement of four (4) new projects in Putrajaya as well as recognition from the Capital Asset Refurbishment Programme. While the marginal decrease of PBT was due to cost restructuring as well as saving on mobilization costs incurred for the new contracts.

The environment division reported revenue and PBT of RM13.65 million and RM4.66 million. This translates to a decrease of 3.9% and an increase of 35.1% respectively. The slight decrease in revenue was mainly attributed by delays of certain projects, which are expected to pick up in the ensuing quarters.

The engineering division reported revenue and PBT of RM26.48 million and RM1.80 million. This translates to an increase of 3.7% and a decrease of 17.1% respectively. The increase of revenue was mainly attributed by the further revenue recognition from inter division projects with the Facilities division while the decrease in PBT was due to margin compression and cost overruns experienced in the Air Cond segment as well as certain project delays in the Plumbing segment.

Quote from the Managing Director & Group CEO, Dato’ Ahmad Kabeer
“I am pleased that AWC has delivered our best quarter ever and managed to achieve a 36% growth in earnings for Q3FY18 despite the challenging operating environment. Nonetheless, with the Group’s current outstanding orderbook as at 1 April 2018 of approximately RM1.06 billion, I am confident that the group will continue this momentum as we continue to create value for ourr valued shareholders. We would like to them for their confidence and unwavering support in AWC Berhad.” Commented AWC’s Managing Director & Group CEO, Dato’ Ahmad Kabeer.

Kuala Lumpur, 23 April 2018 – KIP Real Estate Investment Trust (“KIP REIT” or “the Fund”), the first hybrid community-centric retail REIT listed on Bursa Malaysia today announced its third quarter results ended 31 March 2018 (“Q3FY2018”) with a total revenue of RM15.67 million and a higher profit after tax (“PAT”) of RM8.85 million compared with the immediate preceding quarter ended 31 December 2017 (“Q2FYE2018”).

PAT for the quarter improved marginally by RM0.1 million or 1.1% higher compared to Q2FYE2018 due to the occupancy rate improving from 85.0% to 86.2% in the current quarter and lower other operating cost.

For the quarter under review, the Manager of KIP REIT declared an interim distribution per unit (“DPU”) of 1.78 sen per unit, amounting to approximately RM8.85 million which will be paid to unitholders on 25 May 2018. For the trailing twelve months, the Fund has declared a total distribution of RM35.12 million or 6.95 sen per unit which translated to a distribution yield of 9.5%*.

KIP REIT also announced today that it is going green by entering into a 25-year initiative to install solar photovoltaic system on all of KIP REIT’s assets which will generate 2,730 kilowatt peak electricity energy. This will save the Fund an approximate total of RM26.4 million of electricity cost throughout the 25-year period which will increase the net property income of the Fund.

Commenting on the financial results, Dato’ Chew Lak Seong, Managing Director of KIP REIT Management Sdn Bhd (the Manager of KIP REIT) said, “This quarter’s results is very important to us as it gives us a full twelve (12) months of financial track record to prove ourselves. We are proud to say that we have exceeded expectations with our exemplary performance which allowed us to distribute a total of 6.95 sen per unit for the past 12 months. At the current market price, KIP REIT provides exceptional value with a distribution yield of 9.5%, one of the highest yields among the REIT players while still providing stable growing earnings.”

He continued, “Barring any unforeseen circumstances, KIP REIT is expected to continue improving as we constantly pursue the perfect tenant mix and undertake asset enhancement initiatives to ensure that the properties yield stronger performance.”

*The distribution yield of 9.5% is based on the closing price of RM0.735 per KIP REIT unit as at 23 April 2018.
***

KIP REIT REPORTS CONTINUOUS STABLE EARNINGS RESULTING IN AN EXCEPTIONAL DISTRIBUTION YIELD OF 9.5%*
The Fund Reports Its First Full Twelve Months Performance Since Listing


Kuala Lumpur, 23 April 2018 – KIP Real Estate Investment Trust (“KIP REIT” or “the Fund”), the first hybrid community-centric retail REIT listed on Bursa Malaysia today announced its third quarter results ended 31 March 2018 (“Q3FY2018”) with a total revenue of RM15.67 million and a higher profit after tax (“PAT”) of RM8.85 million compared with the immediate preceding quarter ended 31 December 2017 (“Q2FYE2018”).

PAT for the quarter improved marginally by RM0.1 million or 1.1% higher compared to Q2FYE2018 due to the occupancy rate improving from 85.0% to 86.2% in the current quarter and lower other operating cost.

For the quarter under review, the Manager of KIP REIT declared an interim distribution per unit (“DPU”) of 1.78 sen per unit, amounting to approximately RM8.85 million which will be paid to unitholders on 25 May 2018. For the trailing twelve months, the Fund has declared a total distribution of RM35.12 million or 6.95 sen per unit which translated to a distribution yield of 9.5%*.

KIP REIT also announced today that it is going green by entering into a 25-year initiative to install solar photovoltaic system on all of KIP REIT’s assets which will generate 2,730 kilowatt peak electricity energy. This will save the Fund an approximate total of RM26.4 million of electricity cost throughout the 25-year period which will increase the net property income of the Fund.

Commenting on the financial results, Dato’ Chew Lak Seong, Managing Director of KIP REIT Management Sdn Bhd (the Manager of KIP REIT) said, “This quarter’s results is very important to us as it gives us a full twelve (12) months of financial track record to prove ourselves. We are proud to say that we have exceeded expectations with our exemplary performance which allowed us to distribute a total of 6.95 sen per unit for the past 12 months. At the current market price, KIP REIT provides exceptional value with a distribution yield of 9.5%, one of the highest yields among the REIT players while still providing stable growing earnings.”

He continued, “Barring any unforeseen circumstances, KIP REIT is expected to continue improving as we constantly pursue the perfect tenant mix and undertake asset enhancement initiatives to ensure that the properties yield stronger performance.”

*The distribution yield of 9.5% is based on the closing price of RM0.735 per KIP REIT unit as at 23 April 2018.
***

About KIP Real Estate Investment Trust
KIP REIT was listed on the main market of Bursa Malaysia on 6 February 2017 with its principal activity of investing in a portfolio of retail real estate properties. All properties are strategically located at the suburbs and mainly concentrated on residential, commercial and industrial areas within a 5 KM radius of catchment areas.
The Fund’s portfolio is comprised of five KIP Mart properties – a hybrid between traditional fresh markets and local community-based retail centres located at Tampoi, Kota Tinggi, Masai, Senawang and Melaka, and a KIP Mall – a shopping mall in Bangi with a total net lettable area of over 936 thousand square feet. As at 31 March 2018, total asset value of the Fund amounted to RM610.4 million.
For more information about KIP REIT, please visit http://www.kipreit.com.my/

Crest Builder Holdings Berhad (“Crest Builder” or “the Group”), today announced its fourth quarter results for the financial year ending 31 December 2017 (“Q4FY2017”) with a revenue of RM156.0 million, which translated to a 52.9% increase compared to its corresponding quarter last year (“Q4FYE2016”) of RM102.1 million.

In line with its revenue growth, the Group reported a pro¬fit before tax (“PBT”) of RM15.0 million and a pro¬fit after tax (“PAT”) of RM7.3 million. PBT and PAT both increased 40.7% and 188.6% respectively as compared to Q4FY2016, with earnings per share (“EPS”) increasing from 1.9 sen to 4.4 sen.

Full year FY2017 revenue and PAT came in at RM499.0 million and RM29.1 million respectively. This translates into a revenue and PAT growth of 76.8% and 94.3% respectively versus FY2016.

The significant increase in both the Group revenue and profit was due to higher progress billings from various projects which resulted in a stronger performance from the construction division. The property development division also delivered a strong performance as a result of higher sales from both completed projects and a new development project, Batu Tiga Phase 2 (Residensi Hijuan) which was launched in the third quarter last year.

The Group’s current outstanding construction order book stands at approximately RM1.2 billion boosted by contract wins in January 2018 amounting to RM478.3 million. This huge orderbook provides earnings visibility for the coming years and puts the Group in a good position to continue delivering sustainable earnings growth.

Dividend
In-line with the Group’s commitment to reward shareholders, a first and final tier dividend of 4.0 sen per ordinary share for the financial year ending 31 December 2017 was declared by the board of directors to be approved at the forthcoming AGM. This final dividend translates to a dividend yield of 4.1% based on today closing share price.

“I am delighted with our full year performance as earnings has grown significantly as compared to previous year. In light with this outstanding performance, the board has declared a dividend of 4 sen per share which translates into a yield of 4.1% to reward our shareholders. Going forward, we will continue to work hard and execute the various projects in our RM1.2 billion orderbook as we strive to deliver sustainable earnings growth.” commented Mr. Eric Yong, Group Managing Director of Crest Builder Holdings Berhad.

AWC REPORTS COMMENDABLE 2ND QUARTER RESULTS DRIVEN BY STRONG CONTRIBUTIONS FROM THE FACILITIES DIVISION


SUBANG JAYA, 22 FEBRUARY 2018 – AWC BERHAD (“AWC” or “the Group”), a well-established engineering services provider announced its second quarter results for the financial year ending 30 June 2018 (“Q2FYE2018”) with revenue of RM68.35 million and profit after tax and minority interest (“PATMI”) of RM5.06 million.

Second Quarter (Q2FYE2018) vs Corresponding Period Last Year (Q2FYE2017)

Q2FYE2018 Q2FYE2017
Revenue 68,353 75,639 down 9.6%
Profit Before Tax (PBT) 7,014 9,354 down 25.0%
Profit After Tax (PAT) 5,456 7,552 down 27.8%
Profit After Tax and Minority Interest (PATMI) 5,060 5,218 down 3.0%

Segmental Performance (Q2FYE2018 vs Q2FYE2017)
The Group’s Facilities division reported revenue and profit growth of 14.0% and 263.9% respectively to RM40.00 million and RM4.70 million respectively. The increase of revenue was mainly attributed to the commencement of four (4) new projects in Putrajaya as well as recognition from the Capital Asset Refurbishment Programme. While the increase of profit was due to improved revenue contributions, savings on mobilization costs incurred on the new contracts and restructuring of costs.

The environment division reported a decrease in revenue and profits by 28.3% and 81.6% respectively to RM12.35 million and RM1.02 million respectively mainly due to delays of certain projects. These delays are expected to catch up in the ensuing quarters.

The engineering division reported a decrease in revenue and profits by 19.9% and 39.3% respectively to RM24.35 million and RM1.67 million due to project delays experienced in certain contracts in the Plumbing segment, as well as margin compression in the Air Cond segment.

Change in Auditors
On the 6th of February 2018, Messrs. Morison Anuarul Azizan Chew resigned as auditors of the Company due to administrative issues. Subsequently, the Board has nominated Messrs. Baker Tilly Monteiro Heng as the new Auditors of the Company for the financial year ending 30 June 2018 to fill the casual vacancy in the office of the resigned Auditors.

Quote from the Managing Director & Group CEO, Dato’ Ahmad Kabeer
“I am pleased that AWC has delivered a commendable first half results despite a tough operating environment which was compounded by various project delays. Going forward, I expect the Group’s current outstanding orderbook as at 31 December 2017 of approximately RM1.1 billion to drive earnings growth and provide clearer earnings visibility as we strive for a better second half. In addition to that, our balance sheet remains robust, boasting a net cash position of RM79.1 million and current ratio of 3.18x. We would like to thank our shareholders for their confidence and continuous support in AWC Berhad.” Commented AWC’s Managing Director & Group CEO, Dato’ Ahmad Kabeer.

PETALING JAYA, 22 FEBRUARY 2017 – Today, Crest Builder Holdings Berhad (“Crest Builder” or the “Group”) announced its fourth quarter financial results for the financial year ended 31 December 2016 (“FY2016”) with a revenue of RM297.76 million which represents an increase of RM17.75 million or 6.34% as compared to last year. The Group delivered a profit after tax attributable to owners of the company (“PAT”) of RM12.4 million representing an increase of 28.1% as compared to last year.

During the fourth quarter period ended 31 December 2016 (“Q4FY2016”), the Group registered a revenue of RM117.6 million, which translate into a 77.1% increase as compared to its corresponding quarter last year of RM66.4 million. The Group’s profit before tax (“PBT”) and a profit after tax attributable to owners of the company (“PAT”) were RM11.3 million and RM2.5 million, respectively for Q4FY2016 as compared to a loss before taxation (“LBT”) and loss attributable to the owners of the company (“LAT”) in the corresponding quarter last year of RM10.4 million and RM11.5 million, respectively.

In terms of the Group’s segmental performance, the construction and property development division were the main revenue contributor to the Group, which makes up of 77.6% and 16.7%, respectively. In comparison with the corresponding quarter last year, the construction division reported a revenue of RM88 million for Q4FY2016, which translates into an increased of 65.1%. The construction division posted a PBT of RM4.3 million for Q4FY2016 instead of a LBT of RM26.1 million in the corresponding quarter last year. The increase was mainly due to higher progressive construction progress recognised from various projects during FY2016.

Meanwhile, the property development division recorded a revenue of RM25.5 million for Q4FY2016, which shows an increase of 189% as compared to the corresponding quarter last year. The property development division posted a PBT of RM8.9 million for Q4FY2016 instead of a LBT of RM4.9 million in the corresponding quarter last year. The increase was mainly due to the higher sales attributable by the soft launch of ‘The Greens’, which is located at Shah Alam.

“Barring any unforeseen circumstances, we will continue to actively bid for projects that will contribute positively to our business. I believe that there are plenty of opportunities available from the Eleventh Malaysia Plan and the infrastructure projects that are to be implemented under the Economic Transformation Programme. Despite our exposure to the volatility of global raw materials prices, I am optimistic that we will be able to sustain CBHB’s profitability and a healthy financial position for the coming financial year.” commented Mr. Eric Yong, Managing Director of CBHB.

YINSON SEALS DISPOSAL OF 26% INTEREST IN FPSO JAK
BUILDING STRATEGIC PARTNERSHIPS & CAPITAL VELOCITY

KUALA LUMPUR – 21 NOVEMBER 2017

Malaysia’s premier integrated offshore services provider, YINSON HOLDINGS BERHAD (“Yinson”, the “Company” or “云升控股有限公司”) is pleased to announce that it has closed an agreement with a consortium of companies consisting of established Japanese companies with rich history and consistent track records in their respective industry, namely, Sumitomo Corporation (“Sumitomo”), Kawasaki Kisen Kaisha Limited (““K” Line”), JGC Corporation (“JGC”) and Development Bank of Japan, Inc. (“DBJ”) (collectively known as the “Consortium”) for a proposed disposal of 26% equity interest of Yinson Production (West Africa) Pte. Ltd. (“YP(WA)PL”), an indirect wholly owned subsidiary of the Company (“Strategic Partnership Exercise”).

YP(WA)PL is the owner of floating production, storage and offloading unit John Agyekum Kufuor (“FPSO JAK”) which produced first oil at the Offshore Cape Three Points (“OCTP”) block three (3) months ahead of schedule in May 2017.

The Strategic Partnership Exercise is also a part of Yinson’s funding strategy of capital asset velocity, wherein the Company capitalise current and future resources via among others, investment opportunities and acquisition or disposal of assets to generate further revenue through re-capitalisation into other investment opportunities. The Strategic Partnership Exercise is subject to certain conditions precedent and is expected to complete by first quarter of year 2018.

“We are delighted that all negotiations between us and the Consortium have come to a close with the finalisation of the contractual terms. We look forward to furthering our partnership with them on other projects. This event marks a new milestone for us by securing strong strategic partnerships which will help to alleviate the Group’s competitive advantage by tapping into the Consortium’s wide networks.” said Mr. Lim Han Weng, the Group Executive Chairman of Yinson.

SUBANG JAYA, 21 NOVEMBER 2017 – AWC BERHAD (“AWC” or “the Group”), a well-established engineering services provider announced its first quarter results for the financial year ending 30 June 2018 (“Q1FYE2018”) with revenue of RM66.2 million and profit after tax and minority interest (“PATMI”) of RM5.06 million.

First Quarter (Q1FYE2018) vs Corresponding Period Last Year (Q1FYE2017)

Q1FYE2018 Q1FYE2017
Revenue 66,204 67,123 1.4%
Profit Before Tax (PBT) 8,057 10,101 20.2%
Profit After Tax (PAT) 6,330 8,233 23.1%
Profit After Tax and Minority Interest (PATMI) 5,063 5,438 6.9%

The Group’s Facilities division reported revenue and profit growth of 7.7% and 222.8% respectively to RM31.28 million and RM6.79 million respectively. The top-line improvement can be attributed to the commencement of three new contracts in Putrajaya in August and September 2017. Meanwhile, increase in earnings were mainly due to improved revenue, cost savings on mobilization costs incurred on the new contracts, higher fees (and therefore margin earned) on certain contracts.

The environment division reported a decrease in revenue and profits by 7.8% and 58.2% respectively to RM15.09 million and RM2.89 million respectively mainly due to delays of certain projects. These delays are expected to catch up in the ensuing quarters and expected to positively contribute to the Group’s results as it delivers on its existing order book with projects spanning across Malaysia, Singapore and the Middle East.

The engineering division reported a decrease in revenue to RM19.83 million and loss of RM1.46 million due to some delays experienced during the quarter.

The Group’s balance sheet remained robust with a net cash position of RM62.9 million and current ratio of 2.4x. The Group’s current outstanding orderbook as at 30 September 2017 stood at approximately RM1.1 billion.

Annual General Meeting
The Group today held its 16th Annual General Meeting (AGM) at Sime Darby Convention Centre, Kuala Lumpur. Shareholders present in person and by proxies approved all the resolutions tabled under ordinary business and special business as set out in the Notice of Annual General Meeting dated 27 October 2017.

AWC has also successfully received shareholders’ approval for the Final Single-Tier Dividend of 1.0 sen per ordinary share in respect of the financial year ended 30 June 2017. This translates to a total dividend payout ratio of 24% for the financial year.

“The Group has delivered a good quarter to start our new financial year. For the current financial year to date, we have secured RM150 million of new contracts. We have also honored our commitment to reward shareholders with a dividend payout of 1 sen per share. Moving forward, the Board is strongly optimistic of our prospects with a healthy outstanding orderbook which gives a clear earnings visibility in both short and long term.” Commented AWC’s Managing Director & Group CEO, Dato’ Ahmad Kabeer.

Crest Builder Holdings Berhad (“Crest Builder” or “the Group”), today released its second quarter results for the financial year ending 31 December 2017 (“Q2FYE2017”) with a revenue of RM110.7 million, which translated to a 104.2% increase compared to its corresponding quarter last year (“Q2FYE2016”) of RM54.2 million.

In line with its revenue growth, the Group reported a pro¬fit before tax (“PBT”) of RM11.5 million and a pro¬fit after tax (“PAT”) of RM7.7 million. PBT and PAT both surged 228.5% and 99.7% respectively as compared to Q2FYE2016, with earnings per share (“EPS”) more than doubling from 2.0 sen to 4.2 sen.

The significant increase in both the Group revenue and profit was due to the higher construction contribution which recorded a revenue of RM75.6 million and PBT of RM5.7 million for Q2FYE2017 compared to a revenue of RM32.4 million and loss before tax (“LBT”) of RM0.7 million for the corresponding Q2FYE2016. The increase in both revenue and PBT was due to higher progressive construction progress recognised from certain projects during Q2FYE2017.

The higher Group revenue and profit was also contributed by the stronger property division which achieved a stronger revenue and PBT of RM19.3 million and RM3.0 million respectively for Q2FYE2017 compared to a revenue of RM5.6 million and PBT of RM1.9 million for Q2FYE2016. This translated to an increase in revenue of 244.6% and PBT of 57.9%, which were due to the higher sales generated from both completed projects and a new development project, Batu Tiga Phase 2 (Residensi Hijauan) launched since the third quarter of the previous financial year.

“The Group has had an exemplary performance for the first half of the financial year and remains optimistic of its prospects driven by the growing performance of the construction and property development divisions. As at to date, the total contract value of all current construction jobs stands at approximately RM1.3 billion which will continue to contribute significantly to our top and bottom line. We are confident that the on-going development of our businesses will continue to deliver value to our shareholders.” commented Mr. Eric Yong, Group Managing Director of Crest Builder Holdings Berhad.

The World Tourism Organisation has appointed Kerjaya Prospek Group Berhad (“Kerjaya Prospek”) as the organiser and Kerjaya Prospek Property Sdn. Bhd. as the co-sponsor for Miss Tourism World 2017-18 Final at an official signing ceremony held today. The Miss Tourism World 2017-18 Final is slated to take place in Malaysia on January 27th 2018 at The Shore @ Malacca River.

Since 1945, the Tourism World Organisation has been creating pageant history and is set to do so again this year in partnership with Kerjaya Prospek in Malaysia. The core emphasis of the Miss Tourism Pageant has always been to offer our pageants as a tool to promote tourism, eco-tourism, health and beauty around the world.

Commenting on this appointment, Kerjaya Prospek’s Executive Chairman, Datuk Tee Eng Ho said, “This is the second time we are involved in the Miss Tourism World Final and I believe it will greatly benefit us as we seek to build Kerjaya Prospek’s branding. It is truly an honour to be associated with such an internationally recognised organisation.”

KUALA LUMPUR, 2 AUGUST 2017 – THONG GUAN INDUSTRIES BERHAD (“TGUAN” or “the Group”), today has officially launched its maiden Marché Mövenpick franchise located at level 1 of Pavilion Mall.

Marché is a global company with Swiss roots that develops innovative culinary solutions, bringing the Interactive European marketplace ambiance and Market cuisine evolved with a modern twist. The brand focuses on maximum freshness, quality and taste through its live cooking station using fresh and quality ingredients.

Marché classics are the crunchy salad and crisp Swiss rösti. In addition, the restaurant offers an array of other European treats as well as delicious meat from the grill, freshly caught seafood, refined focaccia sandwiches, sweet and savory crêpes, and homemade baked goods like irresistible Belgian waffles. This delightful assortment is completed by a wide selection of fresh juices, coffee, teas and other refreshing beverages.

Thong Guan’s Executive Director, Mr. Alvin Ang said, “We are very excited to embark on this new business venture that is expected to contribute positively to the Group’s financials in future years. We will also consider the possibility of opening other interesting concept stores that Marché Mövenpick has to offer.”

“Our F&B division has always been a steady contributor to the Group, we expect this new venture to further increase the division’s profitability.” He added

SUBANG JAYA, 31 July 2017 - AWC BERHAD’s (“AWC” or “the Group”) wholly-owned Facilities Division subsidiary, Ambang Wira Sdn Bhd (“AWSB”) was awarded a Subcontract worth approximately RM42.4 million (including Goods and Services Tax) from Jabatan Kerja Raya (“JKR”), for the maintenance of Blocks WP1 & WP2 of the Kementerian Luar Negeri (“KLN”) or the Ministry of Foreign Affairs in Putrajaya.

The tenure of the Subcontract is for five years from 1 August 2017 until 31 July 2022 and covers all the blocks utilized and occupied by KLN in Putrajaya. This award further enhances the Facilities Division and the Group’s overall existing order book and is expected to contribute positively to the Group’s earnings.

The Group’s Facilities Division has a Concession from the Federal Government of Malaysia for the maintenance of Federal Government buildings and facilities located in the southern states of Peninsular Malaysia (Negeri Sembilan, Malacca and Johor) and the state of Sarawak. In addition, this Division also provides building facilities maintenance works for the commercial and healthcare segments.

“We are proud to be awarded with yet another sizable facilities management Subcontract by JKR. We have been striving relentlessly for our Clients, and I believe that securing this contract demonstrates our ability to deliver exceptional services.” said AWC’s Managing Director & Group CEO, Dato’ Ahmad Kabeer Nagoor.

T7 Global Berhad (“T7 Global” or “The Group”) formerly known as Tanjung Offshore Berhad, a major upstream and downstream oil and gas service provider in Malaysia has entered into an agreement with Tamarind Classic Resources Private Limited (“Tamarind”) to invest, collectively, in Triangle Energy (Global) Limited (“Triangle Energy”), an Australian Securities Exchange listed oil and gas producer and explorer based in Perth, Western Australia to mutually explore opportunities in the emerging Perth Basin Oil and Gas area located at the north of Perth, WA, Australia.

The Group will be investing a total cash consideration of US$500,000 (approximately RM2.15 million) in Triangle Energy via internally generated funds , representing approximately 9.8% of the equity ownership in Triangle Energy.

Triangle Energy is an experienced Australian based oil and gas production and exploration company that has operated assets in Australia and Indonesia. Triangle Energy has a 78.75% ownership of Cliff Head Entity which owns the only offshore oil facility in the Perth Basin and includes the onshore Arrowsmith Stabilisation Plant which is the only operating crude processing plant in the Perth Basin capable of processing 15,000 barrels per day. The current oil field contains a projected 3.44million barrels of oil which will be extracted until 2027. Cliff Head also owns the production license WA-31-L which covers 72KM2 (17,792 acres) of the Perth Basin and currently contains discovered oil fields covering 6KM2 (1,483 acres). Cliff Head has identified near term opportunities upside totalling approximately 8 million barrels and continuously assesses for new opportunities.

“We view Triangle Energy as a solid corporation proven by its track records in exploration, development and operation. This investment will provide ancillary service-related opportunities to support oil and gas growth in the Perth Basin.” said Tan Sri Datuk Seri Tan Kean Soon, Executive Deputy Chairman of T7 Global Berhad.

“Moving forward, we expect the oil and gas division to remain as the Group’s core contributor. The Group will continue to implement our strategic plans and replenish our oil and gas orderbook which will contribute positively to the Group.” He added.

Kuala Lumpur, 25 July 2017 – KIP Real Estate Investment Trust (“KIP REIT” or the “The Fund”) is the first hybrid community-centric retail REIT listed on Bursa Malaysia. Today The Fund announced its fourth quarter results ended 30 June 2017 (“Q4FP2017”) with a total revenue of RM16.04 million and posted a net property income and distributable income of RM10.86 million and RM9.13 million respectively for the quarter. This translates to an earning per unit of 1.81 sen for Q4FP2017.

In the five-month full financial period of The Fund since its listing on 6 February to 30 June (“FP2017”), KIP REIT delivered a total revenue of RM26.35 million together with a distributable income which amounted to RM14.66 million. Total earning per unit for FP2017 was 2.90 sen.

The Manager of KIP REIT has declared a final income distribution of 1.918 sen per unit, amounting to approximately RM9.69 million which will be paid on 29 August 2017. Hence, the total income distribution declared for the FP2017 amounted to RM14.74 million or 2.918 sen per unit. Based on an annualised rate, the total distribution income yield for FP2017 is 7.61% per annum*.

“We are very delighted with the performance of our financial results for FP2017. With our total income distribution per unit at 2.918 sen for FP2017, income yield translates to an annualised yield of 7.61% at today’s closing price of RM0.92 which is one of the highest rates among retail REITs. We will continue to make progress in enhancing the value of our portfolio through organic growth and potential external acquisitions to maximise profitability and value to unitholders. In keeping with our announcement on 27 April 2017, KIP REIT will continue distributing income on a quarterly basis,” said the Managing Director Dato’ Chew Lak Seong.

* Annualised based on the closing price of RM0.92 on 25 July 2017.

YINSON HOLDINGS BERHAD (“Yinson” or the “Group”), Malaysia’s premier integrated offshore production and offshore support services provider is proud to announce that the President of Ghana, H.E. Nana Addo Dankwa Akufo-Addo was onboard Yinson’s floating production, storage and offloading unit (“FPSO”) the John Agyekum Kufuor (“JAK”) to commission the vessel for production. Prior to the official ceremony, FPSO JAK drew first oil on the 21st May 2017 at the Offshore Cape Three Points (“OCTP”) block three (3) months ahead of Eni’s schedule in a record time-to-market for Eni.

This symbolic ceremony was held at the Takoradi Offshore base with the President turning on the production valve of the FPSO and opening a Subsea Well Choke signals the formal start of oil production in commercial quantities from the Sankofa and Gye-Nyame fields. To name a few, the ceremony was officiated and witness by:
1. H.E. Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana
2. Dr. Kwaku Afriyie, Western Regional Minister
3. Dr. K. K. Sarpong, Ghana National Petroleum Corporation, CEO
4. Ian Taylor, Vitol, CEO
5. Claudio Descalzi, Eni S.p.A, CEO
6. Hon. Boakye Kyeremanteng Agyarko, Energy Minister
7. Eirik Barclay, Yinson Offshore Production, CEO

“With the addition of the production from the OCTP to those of the T.E.N and Jubilee fields, we are optimistic that our beloved nation will enhance significantly its gas supply for our domestic power generation. The need for creative thinking to leverage our oil and gas production for national development is a charge for us to keep – and we must not fail our people.” the President said, quoted from The Presidency Republic of Ghana.

“It has been a humbling experience to see our team in partnership with all our vendors to deliver this FPSO ahead of schedule for Ghana and Eni. This remarkable milestone is the culmination of effective collaboration with external parties and excellent team work within the organisation. The success of this project is yet another testament to our ability to deliver projects safely, on schedule and within budget.” said Mr. Lim Chern Yuan, Group CEO and Executive Director of Yinson Holdings Berhad.

“It was a great pleasure to welcome the President of Ghana, the Energy Minister of Ghana, the CEOs of Eni, GNPC and the Petroleum Commission on board Yinson’s FPSO John Agyekum Kufuor to celebrate First Oil. The FPSO looked superb as the President officially opened the flow of oil and it was fantastic to see the great teamwork on board, with a high proportion of the crew being made up of local employees from Ghana. Having achieved First Oil three months ahead of Eni’s original schedule this is truly a project that the whole Yinson team can be very proud of and it is an excellent foundation for the future success of the Group.” said Mr. Eirik Barclay, CEO of Yinson Offshore Production whom was at the official ceremony.

Kerjaya Prospek Group Berhad (“Kerjaya” or the “Group”) today announced an interim dividend (“dividend”) of RM0.055 per ordinary share payable on 29 August 2017 to shareholders of record at the close of business on 15 August 2017. The dividend will be paid entirely from the Group’s existing cash.

Kerjaya Prospek’s strong financials, robust balance sheet and earnings visibility allows the Group to reward shareholders via this dividend. As at 31 March 2017, Kerjaya Prospek’s current outstanding orderbook stands at RM2.6 billion and net cash position stood at an impressive RM147.08 million.

Commenting on the Group’s recent announcement, Kerjaya’s Executive Chairman, Datuk Tee Eng Ho said, “Today’s announcement of a RM0.055 interim dividend is our latest step in returning capital to our shareholders. Our strong performance and robust balance sheet allow us to provide shareholders with this dividend after taking into consideration the level of available funds, the amount of retained earnings and capital expenditure requirements.

PETALING JAYA - 25 MAY 2017

Crest Builder Holdings Berhad (“CBHB” or the “Group”) announced its first quarter (“Q1FY2017”) results for its financial year ending 31 December 2017 as follows :

1st Quarter vs Corresponding Quarter Last Year
- Revenue of RM95.0 million, up 83.4% from RM51.8 million.
- Profit before tax of RM10.0 million, up 88.7% from RM5.3 million.
- Profit after tax of RM6.6 million, up 65% from RM4.0 million.

For the three months ended 31 March 2017, the Group’s construction segment posted a higher revenue of RM59.1 million, up 95.7% from RM30.2 million in the previous corresponding quarter in 2016 due to the increased contributions from on-going projects. The property development division reported higher revenue of RM20.0 million, up 257.1% from RM5.6 million in Q1FY2016 on strong sales from their various projects. The property investment and management division continued to deliver recurring income of RM11.8 million contributed primarily from rental income and carpark management.

Overall, Crest Builder delivered a strong set of results in the first quarter of FY2017.

Going forward, the property development division will be driven by strong contributions from the recently launched “The Greens @ Subang West”, a residential development bearing a total gross development value of RM330 million, comprising 646 units of medium cost apartments. In addition to that, the Group’s flagship and Malaysia’s first transit oriented development “Latitud8” is progressing as planned and slated to be launched towards the end of the year. Latitud8 is a mixed commercial development comprising of retail, SOFO suites and SOHO residences bearing a GDV of RM1.1 billion.


The construction division continues to be a strong contributor as “Quarza KL East” awarded by Sime Darby is in full swing and “Anggun” by UDA is nearing completion and will be completed by year end. As at 31 March 2017, Crest Builder’s current outstanding orderbook stood at RM1 billion which implies a cover ratio of 3 times FY2016 construction revenue.

“I am pleased with such a strong start to the year and will work hard to build on this momentum as we continue to execute the various projects in hand. Given our healthy outstanding orderbook of RM1 billion and upcoming property launches, I am confident that we will be able to deliver sustainable earnings growth and create value for our shareholders going forward.” commented Mr. Eric Yong, Managing Director of CBHB.

SHAH ALAM, 25 May 2017 – Sunzen Biotech Berhad (“Sunzen” or the “Group”) today announced its first quarter results for the financial year ending 31 December 2017 (“Q1FYE2017”) with revenue of RM45.7 million and profit after tax (“PAT”) of RM1.1 million. This marks the Group’s second consecutive quarter of profitability as the Group’s turnaround plans bears fruits after five (5) consecutive quarters of losses.

The Group’s revenue and PAT for the quarter is an impressive turnaround compared to the revenue of RM8.1 million and loss after tax (“LAT”) of RM1.2 million incurred in the corresponding quarter last year (“Q1FYE2016”).

This major turnaround and return to profitability can be attributed to the cost structure rationalisation efforts of the Group and contributions from the Group’s new business segment involved in the trading of crude palm oil, palm kennel and palm kennel shells product that commenced in Q1FYE2017.

As at 31 March 2017, Sunzen’s balance sheet remained robust with a current ratio of 3.5x and a net-cash position of RM55.5 million.

Sunzen’s Chief Executive Officer, Hong Choon Hau said, “Our strategic plans to turnaround the Group is starting to deliver the quick wins. That being said, we still have a lot of work to do and we are committed to our efforts in driving earnings growth and shareholders’ value.”

PETALING JAYA, 22 MAY 2017 – KUB MALAYSIA BERHAD (‘KUB’ or ‘the Group’) today announced its financial results for the first quarter of its financial year ending 31 December 2017 (‘Q1 FY2017’) with revenue of RM148.6 million, a 21% increase compared to its corresponding quarter of its previous fiscal year (‘Q1 FY2016’).

The Group also reported a pre-tax profit (‘PBT’) of RM10.5 million and profit after tax (‘PAT’) of RM8.0 million, surpassing the Q1 FY2016 results by 18% and a staggering 41% respectively.

KUB’s commendable start to the financial yearwas made possible by the strong performances ofthe Group’s Energy and Agro sectors. The Energy sector’s topline grew by 48% to RM110.6 million as a result of the higher average contract price and improved sales volume arising from the increased demand from its industrial and bulk segment customers. The higher revenue supported the overall increase in the sector’s PBT by 10% to RM6.7 million despite the dip in operating margins.

The Agro sector meanwhile, recorded revenue of RM12.5 million and PBT of RM2.9 million, a resounding 105% and 96% increase respectively as compared to the previous year’s corresponding quarter. The significant improvement was primarily attributable to higher average crude palm oil prices, a rise in crop production resulting from the increased estate harvesting area as well as the drop in the total cost of production.

The Group’s overall results were further boosted by the improved performance from the Power and Food sectors as well as the absence of contribution from loss making subsidiary, KUB Precast Sdn Bhd which was disposed off in the previous financial year.

Commenting on the Group’s financial results, KUB’s President/Group Managing Director, Datuk Abdul Rahim Mohd Zin said, “We are pleased to kick-off the financial year with impressive first quarter earnings. Our Energy sector continues to be the Group’s main profit driver, and with our plans set in motion to enhance supply and distribution capacity we are confident that the performance momentum will continue.”

“We are also encouraged by the results of our Agro sector particularly with the rehabilitation and cost management efforts to improve yields. These initiatives have begun to bear fruit and reflect positively in our numbers. I’m expecting the sector to deliver decent earnings growth going forward as the losses from our mill in Mukah are expected to narrow once it becomes operational at the end of next month.”


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He added “Our ICT sector however, experienced a challenging quarter with a sharp drop in the toplineas compared to last year. Nevertheless, we will continue to persistently bid for more high value contracts going forward to replenish our order book.”

On the proposed acquisition of a brownfield oil palm plantation land in Sungai Kinabatangan, Sabah measuring approximately 1,534 hectares (3,791 acres) by its wholly owned subsidiary KUB Malua Plantation SdnBhd (formerly known as KUB Oil and Gas SdnBhd) which was announced on 19 April 2017, “The proposed acquisition is on track and we are currently in the midst of fulfilling the Conditions Precedent in the Sale and Purchase Agreement. We target to present this transaction to our shareholders for approval sometime in July”, said Abdul Rahim.

Subject to the shareholders’ approval at the forthcoming Annual General Meeting to be held on 23 May 2017, KUB has recommended a first and final single tier dividend in respect of the financial year ended 31 December 2016 (“FYE2016”) of 1.0 sen per share. This translates to a total dividend payout of RM5.6 million, which translates to a payout ratio of 25% of the Group’s PAT for FYE2016.

Kuala Lumpur – 16 May 2017

T7 Global Berhad (“T7 Global” or “The Group”) formerly known as Tanjung Offshore Berhad a major upstream and downstream oil and gas service provider in Malaysia, today announced its first quarter results for the year ending 31st December 2017 (“Q1FYE2017”) with revenue of RM 29.9 million, an increase of 149.2% compared to its corresponding quarter last year (“Q1FYE2016”).

In line with the improvement of revenue, the Group reported a profit after tax (“PAT”) of RM0.3 million. This reflects a tremendous improvement considering the reported loss after tax (“LAT”) of RM4.7 million in Q1FYE2016.

For the quarter under review, T7 Global two business division both reported strong revenue growth.
The product and services division remains as the core contributor of 73.7%, reporting a revenue of RM22.0 million, an increase of 177.3% compared to Q1FYE2016. The engineered packages division also reported a higher revenue amounting to RM7.9 million, an increase of 94.2%.

Latest Developments On Aerospace
On the 21st March 2017, T7 Aero Sdn Bhd (“T7 Aero”), a wholly owned subsidiary of T7 Global signed a Head of Agreement (“HOA”) with MARA Aerospace & Technologies Sdn Bhd (“M-AeroTech”), a wholly owned subsidiary of Majlis Amanah Rakyat (“MARA”). This HOA signals the commitment by both parties to work together on human capital development for metal treatments and other high value manufacturing activities in Malaysia.

On the 9th May 2017, T7 Aero signed a Joint Venture Agreement (“JVA”) with KOV Limited (“KOV”) and incorporated a new company named T7 Kilgour Sdn. Bhd. (the “Company”). The Company will build, operate and set up a metal treatments plant in Malaysia to pursue high value manufacturing businesses in metal treatments. This collaboration with Kilgour will be on a sole and exclusive basis in the Asia-Pacific Region, excluding China and Japan.

KOV’s ultimate shareholders are Kilgour Metal Treatments Limited (“Kilgour”), namely Paula Jose Kilgour and Raymond Kilgour.

“We are pleased that the repositioning and restructuring plans for the Group remains progressive as demonstrated from our positive first quarter results. Moving forward, we will continue to focus on our cost reduction program, enhance our core business, as well as venturing into new revenue streams.”

“This quarter, apart from maintaining our profitable turnaround, we are proud that the Group is one step closer in venturing in the Aerospace industries. We believe that our strong collaborations set a firm footing into the industry and in working towards the global standards of aerospace requirements. As a whole, we are confident that T7 Global is well geared for market liberalisation and will emerge stronger.” said Encik Rahmandin @ Rahmanudin bin Md. Shamsudin, Group CEO of T7 Global Bhd.


Supports Petronas On Offshore Reefing Project

Tanjung Offshore Services Sdn Bhd (“TOS”), a wholly owned subsidiary of the T7 Global has completed the provision of structure reefing at reef site for Vestigo Petroleum Sdn Bhd, a subsidiary of Petronas.

TOS has placed an underwater structure at an abandoned offshore oilfield to grow artificial reefs. It is located a few kilometres away from Pulau Kapas of Marang, Terengganu. The artificial reefs are expected to not only improve the marine ecosystem in the location but also able to support the local community through tourism attractions associated with fishing and diving activities.

“The Group is pleased to have completed this new project with Vestigo Petroleum. With the implementation of this project, we foresee significant long-term positive impact to the environment and the local community.” said En Mohd Sabri Ab. Ghani, Chief Executive Officer of TOS.

KUALA LUMPUR, 27 APRIL 2017

Q4FYE2017 FINANCIAL PERFORMANCE
Atlan Holdings Bhd (“Atlan” or the “Group”), today announced its 4th quarter (“Q4FYE2017”) results for the financial year ended 28th February 2017 with a revenue of RM196.4 million.

The Group also reported an improved profit after tax (“PAT”) of RM18.1 million and profit after tax and minority interest (“PATAMI”) of RM12.6 million for the quarter under review, representing an increase of 13.6% and 9.2% respectively as compared to its corresponding quarter Q4FYE2016.

FULL YEAR PERFORMANCE
Atlan achieved a turnover of RM809.4 million for its financial year ended 28th February 2017 (“FYE2017”). The Group also reported strong double digit growth with a PAT of RM75.6 million and PATAMI of RM54.5 million, an increase of 34.9% and 27.4% respectively compared to FYE2016. The increase is mainly due to a net foreign exchange gain of RM9 million.

The Group’s enhanced financial performance was mainly due to the overall improvement in revenue from its Duty Free division (“DFIL”). This subsidiary was the core contributor of the Group’s revenue and its revenue growth was also the result of the improvement in pricing of certain products and improved contributions from airports outlets in Malaysia.

Furthermore, the Group’s two core divisions comprising automotive and property & hospitality reported revenues of RM147.2 million and RM29.3 million, which makes up 18.2% and 3.6% respectively to the total revenue for FYE2017.

As at 28th February 2017, the Group’s balance sheet had grown in strength to a total cash and bank balances of RM303.2 million and net assets of RM648.8 million from RM84.2 million and RM485.7 million as at 29th February 2016 respectively. Gearing ratio improved from 0.24 times as at 29th February 2016 to 0.11 times as at 28th February 2017.



DIVIDEND
For the financial year under review, the Group has paid a total dividend of RM0.225 per ordinary share for FYE2017 amounting to RM57.1 million, representing a total dividend payout ratio of 75.5%.

“Given the prevailing economic conditions, the business environment in which the Group operates is expected to remain challenging. The Group remains cautiously positive and will endeavor to continue to improve on our performances.” said Mr. Lee Sze Siang, Executive Director of Atlan Holdings Bhd.

PETALING JAYA, 19 APRIL 2017 – KUB Malua Plantation Sdn Bhd (‘KUB Malua’), a wholly-owned subsidiary of KUB Malaysia Berhad (‘KUB’ or the ’Group’) has today entered into a conditional Sale and Purchase Agreement with Kwantas Plantations Sdn Bhd (‘Kwantas’), a wholly-owned subsidiary of Kwantas Corporation Berhad to acquire a brownfield oil palm plantation land in Sungai Kinabatangan, District of Kinabatangan, Sabah measuring approximately 1,534 hectares (3,791 acres) for a cash consideration of RM100,448,621.

The total purchase consideration represents a discount of 13.4% from a market value of RM116 million, and will be funded via internally generated funds and/or bank borrowings.

The country lease on the land has a tenure of 999 years, expiring on 31 December 2887. The land, which has a total planted area of 1,503.05 hectares, produced 33,727 metric tonnes of fresh fruit bunches (‘FFB’) in 2016.

Commenting on the proposed acquisition, KUB’s President/Group Managing Director, Datuk Abdul Rahim Mohd Zin said, “We have been eyeing for a good brownfield plantation asset to acquire for the past year. We believe that this particular parcel, with its prime palm age and robust yield profile exceeding 20 tonnes per hectare combined with its strategic location, will be a positive addition to our overall plantation land bank.”

KUB currently has a total of four (4) parcels of oil palm plantations; two (2) in Johor and the other two (2) in Sarawak, with a total aggregate land size area of 7,332 hectares. Upon the completion of the Proposed Acquisition, the total plantation land bank will increase to 8,866 hectares.

“In line with the Group’s strategy to focus our financial resources in further expanding our core businesses, we are pleased that the growth plans for our Agro sector are now starting to gain traction. We are optimistic that this acquisition will provide immediate contribution to our earnings going forward and also deliver synergetic benefits to the plantation business,” continued Abdul Rahim.

The proposed acquisition is subject to shareholders’ approval at an extraordinary general meeting (‘EGM’) and is expected to be completed by the fourth quarter of 2017 (‘Q4 FY2017’).

KOTA KINABALU, MALAYSIA – 13 MARCH 2017

Kim Teck Cheong Distribution Sdn Bhd, a wholly-owned subsidiary company of Kim Teck Cheong Consolidated Berhad (“KTC” or the “Group”) was appointed by Premium United Foods Sdn Bhd as a distribution partner to distribute a range of products such as coffee candy, coffee, chocolate, biscuits and other products. The agreement allows Kim Teck Cheong Distribution Sdn Bhd to distribute products under the brand names of Kopiko, Choki Choki, Danisa Butter Cookies and others. Key products to be distributed include the following:

1. Kopiko Products

2. Choki Choki


3. Danisa Butter Cookies


“KTC continues to strive for more sole distributorships. We strongly believe that product diversity and product quality will enable our Group to value add to all our consumers and expand our distribution channels. We will continue to increase our distributorships and distribution points,” commented Mr. Dexter Lau, Executive Director of KTC.

KOTA KINABALU, MALAYSIA – 8 MARCH 2017

Kim Teck Cheong Consolidated Berhad (“KTC” or the “Group”) today fulfilled all the conditions precedent set forth in the 2 inter conditional agreements, i.e. share purchase agreement that was signed with Phang Lee Yen, Lim Sok Lan and Woo Chung Heng; and the share subscription agreement that was signed with Grandtop Marketing Sdn Bhd (“GMSB”) to enable KTC to collectively own 60% equity interest in GMSB. With the acquisition and subscription fully completed at a total purchase consideration of B$600,000 (approximately RM1.79 million), GMSB is now a subsidiary company of KTC.

KTC’s acquisition of GMSB, a company that is principally engaged in the business of distribution of Consumer Packaged Good (“CPG”) in Brunei will provide the Group with strong infrastructure in place including warehousing facilities as well as 600 sales and distribution points throughout Brunei. GMSB distributes renowned international brands, amongst others, brands such as Nestle, Silkygirl and Anakku. This is expected to contribute favourably to the Group’s future earnings.

“This purchase is in line with our future plans to acquire an existing distributor of CPG in Brunei as mentioned in our IPO prospectus. By leveraging on GMSB’s respected profile, we believe that we are able to expand our coverage to Brunei in the provision of market access and coverage of CPG and further establish the KTC’s business presence in Brunei.

On a separate note, KTC Group will engage ATH Timber Resources (“ATR”), who is part of ATH Group of Companies in Brunei as the Group’s logistic service provider in Brunei. This is expected to further strengthen the Group’s supply chain management and logistic infrastructure in Brunei,” commented Mr. Dexter Lau, Executive Director of KTC.

Kim Teck Cheong Consolidated Berhad (“KTC” or the “Company”) today fulfilled all the conditions precedent set forth in the share sale and purchase agreement that was signed with Yung Kong Company Berhad for the acquisition of 100% equity interest in Trans Paint Sdn Bhd (“Trans Paint”) which is the sole registered and beneficial owner of a warehousing facility located in Kuching, Sarawak (“Property”) the Property has a land area measuring approximately 12,140 square metres together with a double storey office annexed with a single storey warehouse and a detached single storey warehouse. With the acquisition fully completed at a purchase price of RM2,535,482, Trans Paint is now a wholly-owned subsidiary company of KTC.

KTC’s acquisition of Trans Paint, an investment holding company that holds the Property will provide KTC with increased warehousing capacity in Kuching, Sarawak, to cater for its existing businesses and future expansion.

“This purchase is in line with our future plans to acquire a warehouse in Kuching as mentioned in our IPO prospectus. As such, we are on track in strengthening our footprint in Sarawak and serving across the Sarawak region,” commented Mr. Dexter Lau, Executive Director of KTC.

PETALING JAYA, 28 FEBRUARY 2017 – Today, Green Packet Berhad (“Green Packet” or the “Group”) announced its fourth quarter financial results for the financial year ended 31 December 2016 (“FY2016”) with a revenue of RM371.8 million and earnings before interest, taxation, depreciation and amortisation (“EBITDA”) of RM17.4 million.

The Group delivered a profit after tax attributable to owners of the company (“PAT”) of RM71.5 million mainly due continue improvement in core business earnings of RM 13.97 million, cessation of equity accounting of share of losses in associated company, Webe Digital Sdn Bhd (“Webe”) and fair value gains on reclassification from interest in associate to long term investment of RM98.2 million. The Group has ceased to equity account the share of losses from the associate company from July 2016 onwards when Webe ceased to be an associate company of Green Packet on 31 July 2016.

During the fourth quarter period ended 31 December 2016 (“Q4FY2016”), the Group registered a total revenue of RM115.2 million contributed by its software and devices business amounting to RM54.2 million of the total revenue, registering 38% higher sales in Q4FY2016 as compared to year on year (“YOY”) basis contributed by improvement of sales in ASEAN and Middle East regions. Followed by revenue contribution from communication services business amounting to RM61.0 million of the total revenue, recording a higher revenue of 0.7% in Q4FY2016 as compared to YOY basis mainly due to overall improved sales from countries that Green Packet provide communication services.

In line with the higher revenue contribution from software and devices business and communication services business in Q4FY2016, the Group registered an EBITDA of RM8.07 million for Q4FY2016 contributed by the software and devices business and communication services business of RM5.8 million and RM2.3 million, respectively, which was 102.2% higher on YOY basis.

PETALING JAYA, 28 FEBRUARY 2017 – KUB MALAYSIA BERHAD (‘KUB’ or ‘the Group’) today released its financial results for the fourth quarter ended 31 December 2016 (‘Q4FY2016’) with revenue of RM131.3 million and profit after tax (‘PAT’) of RM7.1 million.

The Group delivered a stellar full year financial performance for the year ended 31 December 2016 (‘FY2016’) with revenue of RM495.8 million, representing an increase of 14.7%, as compared to the previous financial year ended 31 December 2015 (‘FY2015’) of RM432.2 million. As a result of the better topline performance, improved operating margins and reduced earnings drag following the completion of disposals of loss-making subsidiaries, the Group’s full year PAT recorded a staggering increase of 136.3% from RM9.1 million in FY2015 to RM21.9 million for FY2016.

The overall performance achieved is in line with KUB’s strategic plan of streamlining its businesses by focusing on core competencies and divesting non-core assets and non-performing subsidiaries. The Group has since successfully completed the disposals of A&W Restaurant (Thailand) Co Ltd and KUB Builders Sdn Bhd in late 2015 and KUB Precast Sdn Bhd in August 2016.

The significant improvement in the financial results for FY2016 as highlighted above was contributed to several factors but mainly from the surge in earnings from the Energy sector as a result of the increase in sales volume of liquefied petroleum gas (‘LPG’), the upward revision in the Automatic Pricing Mechanism (‘APM’) structure as well as foreign exchange gains. Higher revenue was also recognised during the year from the Information and Communications Technology (‘ICT’) sector attributable to the RM42 million Automatic Fare Collection (‘AFC’) system contract secured from the Ministry of Transport as well as a RM16 million Telecommunications Tower construction contract awarded by the Malaysian Communications and Multimedia Commission (‘MCMC’). The Power sector reversed its substantial prior year losses and recorded a profit in the current year predominantly through higher revenue attained from several projects, the write-back of provision for doubtful debts and a reversal of liquidated ascertained damages for certain projects. As mentioned, the overall results were further enhanced by the absence of contributions from loss making subsidiaries which were disposed in FY2015 and FY2016.

“Despite the challenging economic environment, we have managed to successfully execute part of our strategic plans and deliver a strong set of financials for FY2016. Our key sectors namely Energy, Agro and ICT will continue to be the growth drivers of the Group and we will focus our operational and expansion initiatives on these businesses moving forward.” said Datuk Abdul Rahim Mohd Zin, the President/Group Managing Director of KUB.

Kim Teck Cheong Consolidated Berhad (“KTC” or the “Group”) today announced its second quarter results for the financial year ending 30 June 2017 (“Q2FY2017”) with a RM30.28 million increase in revenue from RM84.27 million for the preceding year’s corresponding quarter to RM114.55 million for Q2FY2017. The 35.94% increase in revenue was mainly due to the commencement of distribution of third party brands of consumer packaged goods (“CPG”) for Procter & Gamble (Malaysia) Sdn Bhd (“P&G”) in Sarawak.

The Group posted a profit attributable to the owners of the company (“Profit”) of RM0.91 million for Q2FY2017 as compared to RM0.08 million for the preceding year’s corresponding quarter.

1st Half of financial year ending 30 June 2017 (“1st Half FY2017”)
For the 6 months period ended 31 December 2016, the Group recorded total revenue of RM203.41 million which represents an increase of RM40.50 million or 24.86% as compared to 1st Half FY2016 of RM162.91 million. This is mainly due to higher revenue contribution from distribution of third party brands of CPG with an increase of RM41.76 million or 26.89% as compared to 1st Half FY2016.
Despite the Group’s higher revenue in the 1st Half FY2017, KTC recorded RM1.16 million of Profit for 1st Half FY2017 which is 24.50% lower as compared to RM1.54 million for 1st Half FY2016, due to the one-off gain on bargain purchase amounting to RM1.83 million (“One-Off Gain”) which was included in the Profit for 1st Half FY2016. On a normalised basis, the Group’s core profit before tax (“PBT”) for 1st Half FY2017 would have been 140.99% higher than the PBT for 1st Half FY2016.

“I am pleased with the Group’s revenue growth, especially in the Sarawak region given that we had begun distributing P&G products only in October 2016. On a separate note, I am confident that we will continue to secure more distributorships for third party brands of CPG and continue to enhance shareholders’ value.” commented Mr. Dexter Lau, Executive Director of KTC.

SHAH ALAM – OCK Group Berhad (“OCK” or “Group”), Malaysia’s leading telecommunication network solutions provider closed out the year with a strong fourth quarter (“Q4’2016”) and full year financial result performance for its financial year ended 31 December 2016 (“FYE2016”), marking a 7 year revenue and profit after tax CAGR of 36.6% & 68.2% respectively.

For the quarter under review, the Group achieved a 6.6% increase of revenue compared to the corresponding quarter last year. The increase was partly due to the contribution from the Group’s regional expansion. However, the Group reported lower PBT and PAT which were mainly due to a RM2.9 million pre-acquisition expenses incurred for acquisition of Southeast Asia Telecommunications Holdings Pte. Ltd. (“SEATH”) that was completed on 13 January 2017.

The Group also reported an improved PAT margin of 9.8% for Q4’2016 compared to its previous quarter Q3’2016 of 7.7%.

OCK’s full year financial performance for FYE2016 achieved new record high with strong growth mainly contributed by the two core businesses in Telecommunication Network Services and Green Energy & Power Solutions reporting total revenue of RM339.6 million and RM37.3 million respectively for FYE2016. The Group also reported a Profit Attributable to the Owners of the Company (“PATAMI”) of RM25.8 million which translates into a PATAMI margin of 6.3%.

LATEST REGIONAL DEVELOPMENTS
The Group’s regional exposure has been gaining financial traction with a contribution of 20.0% to the Group’s overall revenue for FYE2016, compared to 16.7% in FYE2015. To date, Myanmar’s business has started to contribute to the Group’s revenue.

Over the course of 14 months, the Group has expanded their regional portfolio to include Myanmar and Vietnam along with existing SEA presence namely Cambodia, China and Indonesia.

GROUP MANAGING DIRECTOR COMMENTARY
Mr. Sam Ooi Chin Khoon, Managing Director of OCK Group Berhad said, “OCK delivered another strong record performance to close off the year. We are pleased that OCK has delivered our regional expansion blueprints as planned with successes in Myanmar and Vietnam.”

“On 13 January 2017, OCK and CapAsia have completed the acquisition of the entire equity interest in SEATH. Vietnam will start to contribute revenue to the Group in Q1’2017.”

SUBANG JAYA, 27 FEBRUARY 2017 – AWC BERHAD (“AWC” or “the Group”), a well-established engineering services provider announced its second quarter results for the financial period ended 31 December 2016 (“Q2FYE2017”) with a revenue of RM75.64 million and profit after tax and minority interest (“PATMI”) of RM5.22 million. This brought the cumulative two quarter (“1HFYE2017”) revenue and PATMI to RM142.76 million and RM10.66 million respectively.

The increase in the Group’s revenue and profit after tax versus the corresponding period last year can be attributed to strong contributions from the Group’s Facilities, Environment and Engineering divisions.

The facilities division’s strong results can be attributed to the commencement of the maintenance for Hospital Shah Alam Selangor (“HSAS”) on 1st March 2016 and the concession renewal on 1st January 2016, as well as several other contracts in the intervening period.

The environment division continued to contribute positively to the Group’s results as it delivers on its existing order book with projects spanning across Malaysia, Singapore and the Middle East.

The engineering division reported yet another significant increase due to strong progress billings from various plumbing and air-conditioning projects undertaken in the intervening period.

DIVIDEND
In-line with the Group’s commitment to reward shareholders, a single tier interim dividend of 1.0 sen per ordinary share for the financial year ending 30 June 2017 was declared by the board of directors.

Commenting on the strong performance, AWC’s Managing Director & Group CEO, Dato’ Ahmad Kabeer said, “The strong second quarter result caps off a good end to the first half of FY2017. We are looking forward to the coming quarters and are optimistic of the Group’s prospects going forward.”

Kerjaya Prospek Group Berhad (“Kerjaya” or the “Group”), is pleased to announce its fourth quarter result for the financial year ended 31 December 2016 (“FY2016”) with a revenue of RM235.49 million and profit after tax and minority interest (“PATMI”) of RM26.22 million. For the cumulative four (4) quarters of FY2016, Kerjaya achieved a record revenue and PATMI of RM805.37 million and RM99.97 million respectively.

The significant increase in the Group’s top-line and bottom-line was mainly brought on by contributions from the construction division and followed by the property development division.

As the Group’s main driver and contributor of 94.7% to the top-line, the construction division recorded revenue of about RM763.00 million and a segmental PAT of RM93.67 million as more work progress for on-going projects intensified. The property development and manufacturing divisions had contributed about 5.3% jointly to the top-line and had combined revenue of RM42.38 million with a segmental PAT of RM9.16 million whereby Kerjaya’s maiden property development project known as “Vista Residences” was the primary contributor.

“Our strong fourth quarter result closed off an amazing year for Kerjaya. The Group’s prudent management and RM1.58 billion of contracts secured in 2016 will continue to support the Group’s earnings for the near future. As we embark on a new year, Kerjaya will focus on the delivery of the contracts in hand as we continue to tender for new projects.” said Datuk Tee Eng Ho, Executive Chairman of Kerjaya Prospek Group Berhad.

PETALING JAYA, 22 FEBRUARY 2017 – Today, Crest Builder Holdings Berhad (“Crest Builder” or the “Group”) announced its fourth quarter financial results for the financial year ended 31 December 2016 (“FY2016”) with a revenue of RM297.76 million which represents an increase of RM17.75 million or 6.34% as compared to last year. The Group delivered a profit after tax attributable to owners of the company (“PAT”) of RM12.4 million representing an increase of 28.1% as compared to last year.

During the fourth quarter period ended 31 December 2016 (“Q4FY2016”), the Group registered a revenue of RM117.6 million, which translate into a 77.1% increase as compared to its corresponding quarter last year of RM66.4 million. The Group’s profit before tax (“PBT”) and a profit after tax attributable to owners of the company (“PAT”) were RM11.3 million and RM2.5 million, respectively for Q4FY2016 as compared to a loss before taxation (“LBT”) and loss attributable to the owners of the company (“LAT”) in the corresponding quarter last year of RM10.4 million and RM11.5 million, respectively.

In terms of the Group’s segmental performance, the construction and property development division were the main revenue contributor to the Group, which makes up of 77.6% and 16.7%, respectively. In comparison with the corresponding quarter last year, the construction division reported a revenue of RM88 million for Q4FY2016, which translates into an increased of 65.1%. The construction division posted a PBT of RM4.3 million for Q4FY2016 instead of a LBT of RM26.1 million in the corresponding quarter last year. The increase was mainly due to higher progressive construction progress recognised from various projects during FY2016.

Meanwhile, the property development division recorded a revenue of RM25.5 million for Q4FY2016, which shows an increase of 189% as compared to the corresponding quarter last year. The property development division posted a PBT of RM8.9 million for Q4FY2016 instead of a LBT of RM4.9 million in the corresponding quarter last year. The increase was mainly due to the higher sales attributable by the soft launch of ‘The Greens’, which is located at Shah Alam.

“Barring any unforeseen circumstances, we will continue to actively bid for projects that will contribute positively to our business. I believe that there are plenty of opportunities available from the Eleventh Malaysia Plan and the infrastructure projects that are to be implemented under the Economic Transformation Programme. Despite our exposure to the volatility of global raw materials prices, I am optimistic that we will be able to sustain CBHB’s profitability and a healthy financial position for the coming financial year.” commented Mr. Eric Yong, Managing Director of CBHB.

KUALA LUMPUR – 23 FEBRUARY 2017- T7 Global Berhad (“T7 Global” or “The Group”) formerly known as Tanjung Offshore Berhad is a major upstream and downstream oil and gas service provider in Malaysia, today swings back to the black announcing its financial results for the fourth quarter of the year ended 31 December 2016 (“Q4FYE2016”) with revenue of RM 37.3 million.

For the current quarter under review, the Group’s profit before tax (“PBT”) and profit after tax (“PAT”) stood at RM 9.1 million and RM 9.8 million respectively.

T7 Global twelve months financial performance for FYE2016 achieved a total revenue of RM83.3 million and PAT of RM5.1 million. The significant leap in both revenue and PAT were mainly contributed from the contributions from Operational Reliability & Integrity Gauging of Instrument based Safeguards and Construction Work Request contract secured from PETRONAS.

To date, T7 Global outstanding order book stands at RM500 Million. The Group also has a strong balance sheet with a net cash position of RM54.4 million that puts the Group in a commanding position to seize any valuable projects going forward.

CORPORATE EXERCISE HIGHLIGHTS
On 12th May 2016, Gas Generators (Malaysia) Sdn. Bhd. (“GasTec”) a wholly owned subsidiary of T7 Global has been awarded a contract to supply, deliver, install, testing, and commissioning battery system (including its associate engineering services and accessories) to PTS Resources Sdn Bhd for a period of 3 years with a total contract value of RM17.8 million.

On 15th November 2016, the Group proposed the acquisition of 51% equity interest in Wenmax Sdn. Bhd (“Wenmax”) for a total cash consideration of RM8.0 million. The acquisition was completed on 10th February 2017; this enables T7 Global to immediately generate a new stream of recurring income to the Group.

On the 7th December 2016, T7 Aero Sdn Bhd (“T7 Aero”), a wholly owned subsidiary of T7 Global had entered into a Memorandum of Understanding (“MoU”) with Kilgour Metal Treatments Limited (“Kilgour”), a UK high value manufacturing company, in respect of a desired collaboration in pursuing business opportunities in metal treatments in Malaysia.

Under the MoU, T7 Global and Kilgour will explore the building, operation and setup of a metal treatment plant in Malaysia as part of their diversification into high value manufacturing. The proposed metal treatment plant will carry out metal surface treatment, chemical processing, NDT (Non-Destructive Testing) activities and coating applications specialising in the aerospace industry.

On the 21st December 2016, the Group has secured an Umbrella Contract for the supply of manpower to Repsol Oil & Gas Malaysia Limited (formerly known as Talisman Malaysia Limited) (“Repsol”) for a period of 2 + 1 years with an estimated total contract value of RM100.0 million.

On the 22nd December 2016, the Group successfully completed its rebranding exercise with the approval of its shareholders. The Company’s new name – T7 Global is in line with the management’s new vision to expand its businesses and presence across the market. “T” is the reference for Tanjung, where it all started and “7” represents the 7 continents of the globe.

In addition to the corporate exercises, GasTec has purchased a new and larger premise in Balakong. This new premise will enhance the capability and productivity to supply more products and services to clients, equipping the Group to seize more opportunities both in the local and regional markets.

GROUP CEO STATEMENT
“I am very proud of the Group’s overall performance for the financial year ended 2016 amidst the challenging global economic landscape that had affected the Malaysian economy. T7 Global’s results impressively demonstrate the commitment of the new management team in steering the Group into the right direction.” said Encik Rahmandin @ Rahmanudin bin Md. Shamsudin, Group CEO of T7 Global Bhd.

“On behalf of the management team, I would also like to take this opportunity to convey our special thanks to Tan Sri Datuk Seri Tan Kean Soon whom has led the transformation of the Group since his re-designation as the Executive Deputy Chairman. The past year has been an important year of transformation in which we had rebranded the Group, strengthened our core business, implemented a cost reduction programme and improved the overall cost basis of our production. With these strict measures taken, I believe we are positioned for continued strong performance in 2017 and beyond, which will enhance our ability to deliver and create further value to our shareholders.” He added.

KUALA LUMPUR - 23 FEBRUARY 2017 Malaysia’s premier integrated offshore services provider, YINSON HOLDINGS BERHAD (“Yinson”, the “Company” or “云升控股有限公司”) is proud to announce that, following the completion of the Islamic Conversion of the Islamic Facility undertaken by its indirect wholly owned-subsidiary, Yinson Production (West Africa) Pte Ltd, the deal was awarded the “2016 IFN Africa Deal of the Year” by the Islamic Finance News - the World’s Leading Islamic Finance News Provider, at the IFN Awards 2016 held at Mandarin Oriental Hotel, Kuala Lumpur on 22 February 2017.

The IFN Awards are recognised as the most prestigious and most sought after by the global Islamic financial community and these awards continue to be an apt representation of the current Islamic financial market landscape.

Maybank Investment Bank Berhad has acted as the Coordinating Bank and Maybank Islamic Berhad has acted as the Shariah Advisor for the Islamic Conversion. The Islamic Facility was extended by CIMB Bank Berhad Labuan Offshore Branch, Export-Import Bank of Malaysia Berhad, Intesa Sanpaolo S.p.A Singapore Branch, Maybank International Labuan Branch, OCBC Al-Amin Bank Berhad, Standard Chartered Bank and United Overseas Bank Limited (in alphabetical order).

This award is a recognition to Yinson in the global Islamic financial community and undeniably, one of the key achievements in our business. We continuously aim to participate and work collaboratively in promoting Malaysia as an Islamic finance hub by developing Islamic finance in FPSO financing through our global presence in the FPSO business.

share price is going up. as per HLIB's research report , HLIB Research has initiated coverage on Reach Energy Bhd with a “buy” call and a target price of 83 sen, offering a 22% upside from its current price.

Reach Energy closed higher by 3.03% or 2 sen yesterday at 68 sen, with some 10 million shares traded.

as mentioned by Mr Shahul previously, even though the company is looking for additional funding but they will consider placement at a last solution. they are being very considerate to the shareholders.

share price is going up.

read this article : http://www.theedgemarkets.com/my/article/reach-energy-jumps-379-after-hlib-research-starts-coverage

happy new year everyone. 2017 will be a high expectation for crude oil as prices is increasing. according to the star last week, by end of 2017 , reach projected a revenue of RM305.49 mil and operating profit of RM120.97 mil.

EGM is today! cant wait for the good news! lets all vote yes!

today is the last day to submit your proxy form! if not see you all at the egm.

@fauzan yes but for now they have increased their stakeholders means they are quite confident with Reach's QA.

i heard that Tabung Haji is supporting the QA since they appear to be staying on as a long term investor / supporter of Reach Energy. MTD will not do the buyout without certainly of LTH support.

private placement is only to replace the dissenting shares, if you dont wish to see MTD to get the private placement, then rightly please hold into your shares and enjoy the increase in value alongside with MTD.At least the retailers entry price is much lower than what MTD paid which is RM0.76 to PAG.

lets all vote yes, if you're long term investor you definitely see a potential in the company.

if everyone dissent than the QA will failed and everybody will have to wait for at least another year before they can get back the money. The liquidated sum per share will not be any different current cash value. The share price will have good potential of higher value in a year time given the oil price is stabilizing and on up trend and the potential of finding more oil reserves. Hence, at current price it is good opportunity and low entry price to hold such good quality assets with tremendous upsides.