I see Perusai is succesfully clearing the road to move ahead, already secure a 47 milion usd contract from Petronas, and soon will submit his recovery plan to move out of PN17,,, oil is heading the right direction, which allow potantial client to enter in a long term contract with Perisai for Kamelia FPSO and hopefully for the two new drilling platfirms p102 and p103.. as far as my plan is now to keep buying as much as i can with this low share price, my tp for short term ( october 2017) 0.12 to 0.14.
It is hardly to belive that Perisai share value is 0.045 ringgit, when the company just score a multy milion usd contract, 47 milion usd,,how is this possible, that today only 300000 shre traded with total value of 3000 usd !,, so unbelivable...
Description PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR THE "COMPANY") APPLICATION FOR EXTENSION OF TIME TO SUBMIT THE DRAFT CIRCULAR IN RELATION TO THE PROPOSED SETTLEMENT AGREEMENT IN RESPECT OF THE DISPUTES ARISING FROM OR IN CONNECTION WITH THE SHARE SALE AGREEMENT DATED 30 NOVEMBER 2012 ("SSA") BETWEEN PERISAI AND EOC LIMITED (NOW KNOWN AS EMAS OFFSHORE LIMITED) AND/OR THE PUT OPTION RIGHTS OF PERISAI UNDER THE SSA
We refer to the announcements dated 23 December 2016, 2 March 2017 and 17 May 2017 in relation to the Proposed Settlement Agreement.
Pursuant to Paragraph 9.33(1)(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“MMLR”), a listed issuer must submit the draft circular (“Circular”), in accordance with the MMLR as soon as possible and in any event not later than 2 months from the date of the announcement or the date the last approval necessary for the corporate proposal is obtained from the relevant authority, whichever is the later.
On behalf of the Board of Directors of the Company, M&A Securities Sdn Bhd wishes to announce that Bursa Securities had on 7 July 2017 approved the Company’s application for an extension of time up to 31 July 2017 to submit the Circular to Bursa Securities.
OTHERS PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY") RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") VARIATION BETWEEN ACTUAL VALUE AND THE ESTIMATED VALUE BY TEN PERCENT (10%) OR MORE PERISAI PETROLEUM TEKNOLOGI BHD
Type Announcement Subject OTHERS Description PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY") RECURRENT RELATED PARTY TRANSACTIONS ("RRPT") VARIATION BETWEEN ACTUAL VALUE AND THE ESTIMATED VALUE BY TEN PERCENT (10%) OR MORE Perisai had at its 13th Annual General Meeting held on 24 June 2016 obtained a mandate from its shareholders for Perisai and its subsidiaries (“Perisai Group”) to enter into recurrent related party transactions of a revenue or trading nature (“RRPT”) which are necessary for Perisai Group’s day-to-day operations. Pursuant to Paragraph 10.09(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Perisai wishes to announce that the actual value of the RRPT have exceeded the estimated value of RRPT disclosed in the circular to shareholders dated 29 April 2016 (“Circular”) by 10% or more, details of which are set out in the table below:
Transacting parties
Nature of transactions
Estimated value of the RRPT as disclosed in the Circular
(“Estimated Value”)
RM’000
Actual value transacted from 24 June 2016 up to 31 July 2017
(“Actual Value”)
RM’000
Difference between Actual Value & Estimated Value
RM’000
Percentage of difference between actual & estimated value
(%)
The Perisai Group
Mandated Related parties
(i)
Intan Offshore Group
Emas Offshore (M) Sdn Bhd
Monthly receipt of income for bareboat charter of vessels to Emas Offshore (M) Sdn Bhd
43,000
48,022 5,022
11.68
(ii)
Intan Offshore Group
Emas Offshore Pte Ltd
Monthly receipt of income for bareboat charter of vessels to Emas Offshore Pte Ltd
16,900
18,665
1,765
10.44
(iii)
Perisai
Larizz Petroleum Services Sdn Bhd (“LPS”)
Monthly payment of agency fee to LPS
180
198
18
10.00
(iv)
Perisai
Larizz Energy Services Sdn Bhd (“LES”)
Monthly payment of agency fee to LES
180
198
18
10.00
The difference between Estimated Value and Actual Value had exceeded 10% was due to Perisai Group had changed its financial year end from 31 December 2016 to 30 June 2017. Following the change in the financial year end, an extension of time has been granted by the Companies Commission of Malaysia for the Company to hold its Annual General Meeting latest by 29 December 2017.
Azman Hashim. Perhaps PP101 USD43 million contract. Future perisai kamelia contract or soon to be delivered PP102 and PP103 's new contracts.and USD20 million cash for the final settlement betweeen ezra.
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY")
PERISAI PETROLEUM TEKNOLOGI BHD
Type Announcement Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR Description PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY") Further to the Company's announcements dated 12 January 2017, 16 January 2017, 17 April 2017 and 5 May 2017 respectively in respect of the Restraining Order and AD Interim Order, the Board of Directors of Perisai wishes to announce that the Company has obtained the Restraining Order from the High Court of Malaya at Kuala Lumpur for a further nine (9) months from 3 August 2017 restraining all proceedings and actions brought against the Company ("the Order").
The Order will not have any material effect on the earnings and net assets of Perisai Group for the financial year ended 30 June 2017.
The Restraining Order is to facilitate the Company's plan to regularise its financial condition through a proposed scheme of arrangement. The details of the proposed scheme of Arrangement which will be issued to the Scheme Creditors, will be announced in due course.
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Posted by jay_cwk88 > 2017-07-21 14:12 | Report Abuse
Totally agree