Posted by investor99 > 2014-11-01 01:16 | Report Abuse

PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENTHEXAGON HOLDINGS BHD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description HEXAGON HOLDINGS BERHAD (“HHB” or “the Company”) Monthly Update on the Status of the Company’s Regularisation Plan pursuant to Practice Note 17 (“PN 17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad


Further to the First Announcement made on 28 February 2013 and subsequent announcement made on 1 April 2013, 2 May 2013, 3 June 2013, 1 July 2013, 1 August 2013, 2 September 2013, 1 October 2013, 1 November 2013, 2 December 2013, 2 January 2014, 4 February 2014, 19 February 2014, 27 February 2014, 28 February 2014 and 3 March 2014 in compliance with Paragraph 4.1 of PN17, the Board of Directors of HHB wishes to inform that the Company is presently in the midst of formulating a Regularisation Plan to address its PN17 status ("Regularisation Plan") and the Company had on 27 February 2014 submitted an application to Bursa Malaysia Securities Berhad to seek for an extension of time for two (2) months up to 28 April 2014 to make the Requisite Announcement and four (4) months up to 28 June 2014 to submit the Regularisation Plan to the regulatory authorities.


The Company was informed by Bursa Malaysia Securities Berhad in its letter dated 27 February 2014 which was received on 28 February 2014 that the suspension on the trading of the Company’s securities and de-listing of the Company in accordance with Paragraph 8.04(5) of the Main Market Listing Requirements shall be deferred pending decision on the Application.


This announcement is dated 1 April 2014.






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same reply from bursa to Hexagon, is that will same fate like Hexagon being delisted?

Posted by investor99 > 2014-11-02 13:20 | Report Abuse

马交所审核金狮延交重组申请
财经新闻
财经
2014-11-02 11:03


（吉隆坡1日讯）马交所正在审核金狮（LIONCOR，3581，主板工业产品股）提呈的延迟呈交重组计划期限申请，因此涉及该公司的停牌以及下市行动将暂缓进行。
该公司向马交所报备，公司是在10月31日接获马交所通知。
金狮在10月1日，向马交所提出申请，将重组计划呈交期限，由10月25日延长至明年6月30日。
该公司因截至去年6月30日的股东资产少于缴足股本的50%，被列为PN17公司。
本地市场钢铁需求不振，导致金狮截至3月杪第3季亏损扩大，净亏9288万2000令吉，相等于每股亏损7.06仙。


http://www.nanyang.com/node/659471?tid=462

Posted by L2 > 2014-11-02 16:42 | Report Abuse

thx investor99 for research. the SC yet to approve extension.
thx ks55 for the opinion piece.

Posted by investor99 > 2014-11-02 17:13 | Report Abuse

L2, yes, from the title "马交所审核金狮延交重组申请" means, bursa still under consideration for the request, bursa still have final decision to reject the application.

Posted by investor99 > 2014-11-02 17:14 | Report Abuse

If final decision is reject, lioncor will suspend and delist

Posted by investor99 > 2014-11-03 00:39 | Report Abuse

鋼鐵業掃除陰霾
2014-10-30 11:34

星洲日報／焦點評析：張啟華

入秋的上個週六下午五、六時許，中國河北地區的空氣污染指數，曾到訪過的工業重城保定，可以飆至532點至576點的高危險水平，唐鋼所在地的唐山情況好些，但也高至不健康水平的340點左右。中國北京，則在449點游移。

這是中國天空近年常“十面霾伏”，美國等西方國家，為所駐使節健康考量，發展出的即時監控全球污染指數工具，為大眾提供適時指引。

多年前，受中國國務院新聞辦事處之邀，探討中國低碳經濟與參訪逐漸轉型的重工業時，曾到訪保定。起得比我早的菲律賓同行想去晨運，和後來想去跑步的我不期而遇，都被那極度污染而難聞的化學味道，逼得留在酒店內，這是東盟同業對保定的共同“體驗”！

中國早在毛澤東時代，因見英美工業的強大，遂倡導全民煉鋼強化工業，土法煉鋼擴展至神州各城鄉。儘管土法鍊鋼經年累月技術已大步提昇至相當成熟，然而在追逐產能與供過於求，鋼鐵業連同其他污染重工業在減排不力下，原本壯麗的神州大地，更難逃煙霾籠罩；氣壓低而煙霧下壓時節，出門在外的民眾，戴口罩已成“常態”。

中國鋼鐵業多為國營與省級經營，為維繫就業機會而拼生產，基於獲得國家津貼與獎掖，加上不太需要付“環境和社會成本”，一些鋼鐵產品可以低於生產成本的價格，傾銷至全球。當然東盟和大馬，也是這些鋼鐵產品拼銷的地區。

從全球產量看，儘管全球需求減緩，2013年產量增長3.5%至16億零700萬噸，其中最大增產來自中國；去年中國就增加至少58新鍋爐設施，產量至少年增8千萬噸，或者相等當年9億7千萬噸產量8%。

在大馬，中國非常具競爭力的鋼鐵產品，即連政府相關公司也難以抗拒，國內鋼鐵業因而疾呼建築、工業界多使用國內鋼材，因為中國價廉產品畢竟只是短暫假象；一旦中國取消各種津貼與稅務回扣，到時國內鋼鐵業壽終正寢時，國內工業界將美景不再或自食惡果！

面對中國某些鋼鐵產品在東盟與我國傾銷，從務實角度看，並非單一國的國力所能抗衡；大馬應運用它在東盟的更大平台，匯合十國力量爭取與中國談判協商和締約，只允許銷售東盟區域沒有生產的產品，並形成穩定供應與定價機制。至於東盟區生產的產品，則只能限量供應。

類似中國目前傾銷情況，實是在消耗資源情況下低於成本拋售，無利可圖也意味整個生產與製造，只能在推動就業情況前提營運，其他如提昇生產效益與減排或減低對社會戕害，皆不在其能力範圍內。

儘管中國推動減排而作出一些努力對鋼鐵業進行調整，然而步伐仍然很慢，十面霾伏的各城市上空，可能更令無煙產業的旅遊觀光業與整體經濟失多於得，這是中國須明察的。

平心而論，東盟是個5億人口的市場，近年基建發展推動下對鋼鐵產品需求殷切，而中國也在努力促成亞洲基礎建設銀行（AIIB）的成型，以推動東盟基建並昐從中互惠互利。

中國鋼鐵業在克服環保問題，並不如歐洲同儕那麼到位，中國應向東盟證明經濟成長可與環保同步並行，並淨化北亞的上空，東南亞尚純淨的後花園，也需要避免重蹈中國發展鋼鐵業的覆轍，而形成得不償失局面。

環顧全球環境，鋼鐵業整合已成為大勢，尤其在歐洲，因為需付更高的環境成本費，整合為更大實體及提昇生產效益已是大勢，歐洲的安賽樂與印度米塔爾於2006年整合，形成全球最大鋼鐵公司。

今年，這家公司更看準中國龐大汽車市場所用的高品質汽車鋼板，已早在6月15日開始與華菱在湖南省啟動了汽車輕量化用高強度鋼板的合資生產。去年中國的新車市場規模達到2千200萬輛左右，成為全球最大的汽車市場。預計中國計劃將國內汽車產量提高60%，提振鋼鐵的需求。

大馬鋼鐵業技術未夠成熟，加上資金不夠密集與規模不夠大，在競爭之下處於劣勢；仰賴政府扶持並非長遠之計，應形成策略聯盟嘗試生產汽車、電子用途高端鋼鐵產品，才是確保利潤、照顧就業、兼顧環保的永續工業。

大馬已投入很大力量在服務業，尤其在旅遊觀光、會展與等區塊具優勢，條件與競爭力基本已形成；而在鋼鐵業並不具優勢，大馬須讓鋼鐵業有適度的生存空間，同時也需兼顧鋼鐵業環境問題，不致衝擊大馬經濟其他區塊！

Posted by L2 > 2014-11-03 11:08 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/11/03/Steel-remains-competitive-Local-sector-continues-to-be-viable-on-rising-demand/?style=biz

PETALING JAYA: The local steel industry is still viable and competitive given the increasing demand in the apparent steel consumption (ASC), which has crossed the 10 million tonnes mark last year, said Malaysian Iron and Steel Industry Federation (MISIF) president Datuk Soh Thian Lai.

The ASC is expected to grow by 4% per annum from 2014 to 2016, he said, adding that the projection is 10.5 million tonnes this year, 10.8 million tonnes in 2015 and 11 million tonnes in 2016 based on the baseline growth .

This was despite the industry facing significant risks such as increased dumping of cheaper imported steel, high costs and volatile prices of raw materials such as scrap and iron ore as well as the hikes in electricity and gas prices in recent years.

“To stay competitive, the steel sector is urging the Government not to issue new licences on products currently produced, encouraged investments on new steel products as well as enforced buy Made-in-Malaysia steel products policy,” Soh said in a panel discussion at a MISIF steel conference held here recently.

“If all the government-linked companies (GLCs) and government owned projects are using local steel products, we believe at least two to three million tonnes of local steel per year can be increased to replace net imports,” he added.

The Government also needed to impose more trade measures to help out the injured steel millers affected by the cheaper imported steel products, especially from China flooding into the local market in recent years.

“Under the WTO (World Trade Organisation) rules, we have the right to do so (trade measures).

“After steel bar, we should look at other affected businesses such as galvanised iron products, cold rolled coiled products and pre-fabricated pre-painted steel products.”

Soh pointed out that the government should also provide incentives such as full off-peak period rates for electricity and natural gas during public holidays and weekends to help out the steel industry players have a competitive break to produce lower cost products.

The strategic steel sector in Malaysia is estimated to worth over RM40bil, hiring 150,000 direct employment and about 100,000 indirect employment.

Given the continued dumping of cheaper imported goods, crude steel production in Malaysia has dropped sharply while finished steel production was flat, totalling 4.7 million tonnes and 7.5 million tonnes respectively.

Soh noted that the low facility utilisation with significant under-utilisation included bars and wire rods, sections, plates and flat rolled products.

Ann Joo Resources Bhd group managing director Datuk Lim Hong Thye concurred that the domestic steel sector is still competitive, but “the issue here is how the government can help the industry to address the influx of cheap steel products from China.”

Contrary to the perception that the local steel outlook is quite bad and Malaysian steel millers are not competitive, he pointed out that Malaysia has the strategic location, good infrastructure, stable road transportation and utilities which are conducive to develop a strategic steel sector.

“However, the steel landscape here has changed as the sector is no longer looking at cheap workforce as we need skilled workers especially in the upstream side.

Relatively, Malaysian steel players are better than their South-East Asian counterparts, said Lim.

“While some suggested that buying cheaper imports will help to lower the cost of construction but are these so called cheap China steel products sustainable especially the boron-added-type alloy steel? ”

CSC Steel Holdings Bhd managing director Chen Chung Te, meanwhile, said many other countries like Asia, Europe and the United States were also affected by influx of cheap steel imports from China.

For Malaysia, which is looking at achieving the developed economy status by 2020, he suggested that local steel players venture into high quality steel production for automobile and the electrical and electronics sectors. “The local industry should try to improve on its supply chain by investing into high facility whereby you can supply at least 70% to 80% to the niche sectors while 20% for export,” he said.

Posted by investor99 > 2014-11-03 19:33 | Report Abuse

Bursa Malaysia Announcement


We refer to the First Announcement dated 25 October 2013 made by the Company in relation to the Company being classified as a PN17 Issuer and the announcement dated 4 November 2013, 2 December 2013, 2 January 2014, 24 January 2014, 4 February 2014, 3 March 2014, 1 April 2014, 2 May 2014, 2 June 2014, 1 July 2014, 1 August 2014, 2 September 2014, 1 October 2014 and 31 October 2014 pursuant to the requirements under PN17 (“Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Announcements.
The Board of Directors of the Company hereby announce that the application by the Company to Bursa Malaysia Securities Berhad (“Bursa Securities”) on 1 October 2014 for an extension to 30 June 2015 to submit a Regularisation Plan (“Application”) is still pending the approval from Bursa Securities. In relation thereto, Bursa Securities had vide its letter dated 31 October 2014 informed the Company that the suspension on the trading of the Company’s securities and de-listing of the Company in accordance with Paragraph 8.04(5) of the Main Market Listing Requirements of Bursa Securities shall be deferred pending decision on the Application.

Posted by L2 > 2014-11-04 07:03 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/11/03/Kinsteel-Perwaja-delay-in-submitting-audited-financial-data?style=biz

Posted by investor99 > 2014-11-04 08:24 | Report Abuse

L2, that is kinstel & perwaja news, any related?

Posted by L2 > 2014-11-04 10:21 | Report Abuse

oh, just shows that weak policy support is negatively affecting quite a few listed steel companies.

Posted by L2 > 2014-11-06 11:40 | Report Abuse

policy plans could be too little too late for the local industry. until there is concrete and effective affirmative policy in action, i have moved to the sidelines.

Posted by investor99 > 2014-11-06 15:27 | Report Abuse

L2, u sold all today?

Posted by L2 > 2014-11-06 23:35 | Report Abuse

i sold my last lots today just to be safe. maybe wrong decision but i cannot predict what Bursa will do. still interested though, so will keep monitoring.

Posted by L2 > 2014-11-06 23:41 | Report Abuse

local steel is strategically important. policymakers should have been proactive these past years. now the situation is hurting the steel makers real bad. it did not have to come to this. maybe they want GLCs to pick these up on the cheap, who knows.

Posted by L2 > 2014-11-08 19:33 | Report Abuse

Perwaja audited accounts submitted on the last possible day yesterday, or would have kena suspension. Over 1bn loss, 2x Lioncor's. Also got opinion disclaimer by independent auditors.

Posted by investor99 > 2014-11-08 23:00 | Report Abuse

Lioncor still got hope if the use same tactic like kinstel, re-value land property which under value

Posted by L2 > 2014-11-09 01:20 | Report Abuse

yes, a revaluation can help. but what took them so long is the disturbing question.

Posted by investor99 > 2014-11-09 01:24 | Report Abuse

L2, is that lioncor waiting government announce anti dumping law?

Posted by investor99 > 2014-11-09 01:33 | Report Abuse

Lioncor got 1 land valuation date on 18.10.1995, with value at rm632m, if up-to-date value x2 or x3, lioncor can out from pn17. But what make worry is megasteel keep losing money?

Posted by investor99 > 2014-11-09 14:05 | Report Abuse

征收反倾销税不利于提高马来西亚钢铁行业竞争力

发布时间：2014/11/4 18:04:28
来源：银领财富网
银领财富网11月04日讯

据《南洋商报》11月3日报道，马下游钢铁业协会—五金机械建材总商会表示，政府通过征收反倾销税来保护本国钢铁生产商的举措，抬高了进口钢材价格，使上游市场价格缺乏竞争力，下游业者难以控制成本，无法与外国企业竞争，无助于提高本国钢铁产业整体竞争力。
目前，外国热轧钢价格已跌至500美元/吨，但本地生产商价格高达750美元/吨，中下游产业面临成本压力。希政府允许其自由进口本地生产商无法提供的钢材产品，同时出台对上游厂商奖励措施提升其价格竞争力，而不是通过控制价格方式来给予保护。？？
但是马来西亚建筑工业发展协会(CIDB)日前表示，对于马来西亚政府针对来自中国、印度尼西亚以及韩国的进口热轧钢材实施反倾销征税的提案表示欢迎。

Posted by L2 > 2014-11-10 12:48 | Report Abuse

investor99, the anti-dumping protection is supposedly to be decided in 1Q2015 from recent news posted here. that and enforcement of buy local steel would help Megasteel a lot as well as TNB rate hike now deferred to Jun2015. the land revaluation is what some vultures could be targeting. if lioncor gets an extension (next month?) from SC and policymakers walk their talk, i see a good turnaround story in the making. but that's me only. in the meantime, i just minimise risk bcos SC could rule differently with their own mind e.g. in the news : EPF as major stakeholder got no say in merger of cimb-rhb-mbsb. what the fish right?

Posted by L2 > 2014-11-10 13:51 | Report Abuse

In that Nanyang Siang Pau article, the downstreamers making noise are looking at short term gains for themselves, not the country. I believe some may be the culprits who declared imported steel with a little alloy as something else to steel to bypass tariff protection. Unethical.
The Greek problem is strong unions in almost every industry sector that make manufacturing not viable and hence dependency on other sectors such as tourism. There is also lack of infra growth.
Here we have lots of infra growth, so upstream domestic steel producers should be given a chance. I laud Indonesia's foresightedness in this area. Govt can help with tariffs and energy incentives.

Posted by investor99 > 2014-11-10 19:23 | Report Abuse

if bursa reject the extension, means game over for this counter?

Posted by L2 > 2014-11-11 09:09 | Report Abuse

depends. there could be a delay to delisting pending an appeal or a saviour / white knight comes along...in this case it could be liondiv/ind as the current major shareholders.

Posted by investor99 > 2014-11-13 11:55 | Report Abuse

Lioncor will tk liondiv and lionind to safe itself?

Posted by jeffreykpy > 2014-11-13 14:27 | Report Abuse

anyone accumulate 0.65 yesterday?

Posted by investor99 > 2014-11-13 17:37 | Report Abuse

0.65 or 0.065?

Posted by L2 > 2014-11-14 12:15 | Report Abuse

investor99, i would not know. but there seems enough assets within the Lion group IF they want to lend Lioncor a hand. the only notable buy Q is 3000@5.0sen as the SC decision draws nearer.

Posted by investor99 > 2014-11-14 14:35 | Report Abuse

shareholder keep throw out lioncor..?

Posted by L2 > 2014-11-14 14:55 | Report Abuse

there has been more sell recently. and the done price is a downtrend too. but no panic sell from what i see. so maybe there is a rainbow at the end?

Posted by L2 > 2014-11-14 15:01 | Report Abuse

volume transacted also vsmall.

Posted by L2 > 2014-11-17 21:42 | Report Abuse

AGM on Tuesday 18/11 at 1030h. No MAS v2.0 please.

Posted by HowIn > 2014-11-18 20:56 | Report Abuse

anyone attend Lion Corp AGM? what GM had said

Posted by investor99 > 2014-11-18 21:50 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1797117

Posted by investor99 > 2014-11-18 23:17 | Report Abuse

for the agm meeting, y no mention in re-structuring plan..??

Posted by L2 > 2014-11-19 14:39 | Report Abuse

wondering the same too. such important issue and only got 1 pager in SC announcement with nothing about the RP. maybe not minuted and privy to those who attended? i see buy Q increase much today at 6sen.

Posted by investor99 > 2014-11-19 14:41 | Report Abuse

Government will have announcement on today regarding anti dumping law?

Posted by L2 > 2014-11-19 15:00 | Report Abuse

TSWC bought more Parkson shares on 14th n 17th to increase stake to 29.16%. Money no problem?

Posted by investor99 > 2014-11-20 16:50 | Report Abuse

Get strong buying support at 6 5 & 7 CTS?

Posted by L2 > 2014-11-20 17:25 | Report Abuse

A little support that has not been seen for some time. Buy Q at 6.5sen also was higher than normal at last 2 days' opening (abt 9600 lots). Insiders ? I am still on the sidelines.

Posted by investor99 > 2014-11-21 00:09 | Report Abuse

L2, consider re-enter again? Bursa still not make decision on lioncor request yet..

Posted by L2 > 2014-11-21 09:16 | Report Abuse

investor99, Today also not bad the buy Qs at 6.0 and 6.5 but what if it is window dressing to trap? only when SC announces will it become clearer for me. Based on the delisting instances you brought up before, there was one where the SC replied to extension request after 1 month and a few days. So, for Lioncor that might be early Dec.

Posted by investor99 > 2014-11-21 12:12 | Report Abuse

No point for WC to trap investor, he direct + indirect hold lioncor 78%, if he buy another 3%, he hv the right to privatize lioncor

Posted by investor99 > 2014-11-22 13:12 | Report Abuse

http://klse.i3investor.com/blogs/valueinvestorresearchklse/64502.jsp

Megasteel expects 20% rise in domestic orders
Author: value_investor | Publish date: Thu, 20 Nov 10:51

Lion Corp Bhd's unit, Megasteel Sdn Bhd, expects domestic orders to improve after the recent imposition of the preliminary anti-dumping duties on hot rolled coils (HRC) originating or exported from China, Indonesia and South Korea. "We expect local orders to increase and selling prices to improve since the issue of dumping of coils by the three nations subject to the provisional anti-dumping duties on HRC is temporarily resolved. We anticipate an increase of about 10% to 20% in orders," the company's spokesperson told. A source familiar with the company told The Malaysian Reserve that Megasteel is already ramping up its production at its plant in Banting, Selangor immediately after the Ministry of International Trade and Industry's (MITI) announcement on the provisional anti-dumping duties. (Malaysian Reserve)

Posted by investor99 > 2014-11-22 13:17 | Report Abuse

http://themalaysianreserve.com/main/news/corporate-malaysia/7578-iron-ore-price-slowdown-no-effect-on-anti-dumping-duties-

Iron-ore price slowdown no effect on anti-dumping duties
Monday, 17 November 2014 12:55

Iron-ore price slowdown no effect on anti-dumping duties .Monday, 17 November 2014 12:55 Farah Adilla 0 Comments .
The iron-ore price depreciation on the world market will not impact existing preliminary anti-dumping duties measures imposed by the Ministry of International Trade and Industry (MITI) or the final investigations currently underway.

An official from the Malaysia Steel Institute told The Malaysian Reserve the main concern is that the selling price of imports must at least match the domestic production selling prices.

“The preliminary anti-dumping measures remained justifiable as we are against dumping activity that has adversely impacting the local steel industry.

“The price of raw material will always keep on fluctuating so it doesn't matter if their manufacturing cost is lower due to cheaper raw materials. The alleged countries still have to sell at the same level of hot rolled coil (HRC) price in Malaysia,” the official said.

Last month, MITI has imposed a provisional anti-dumping duties ranging between 3.15% and 29.37% on imports from China, Indonesia and South Korea. The anti-dumping duties will be effective not more than 120 days from Oct 17, 2014.

The imposition of the anti-dumping duties will be subject to the outcome of the final investigation no later than 120 days from the date of the gazette of the provisional anti-dumping duties.

The move was made following a petition filed by Lion Corp's 79%-owned subsidiary, Megasteel Sdn Bhd, on behalf of the domestic industry producing HRC.

Megasteel, in the petition, alleges that imports of HRC originating in imported from the three countries at a price much lower than the price in their domestic markets. The petitioner claims that this is causing material injury to the domestic industry in Malaysia.

A report by Bloomberg quoted Citigroup Inc as saying that iron ore prices will plummet to less than US$60 per tonne next year as global supply increases and demand remains weak, slashing its quarterly forecasts for 2015 by 23%.

The report said iron ore lost 44% of price value this year as surging supplies from BHP Billion Ltd and Rio Tinto Group in Australia and Brazil's Vale SA created a glut just as China's economy slowed.

Posted by investor99 > 2014-11-22 13:24 | Report Abuse

if miti start up the anti-dumping duty, means megasteel is the main beneficial company, company which 79% own by lioncor? so, TSWC will really agree to pump in another RM4b for Lioncor restructuring plan? lioncor share issued 1.316b, means RM4b equal to RM3 per share for lioncor?

Posted by investor99 > 2014-11-22 14:29 | Report Abuse

If sc reject request extend for summit restructuring plan, then game over lioncor?

Posted by L2 > 2014-11-23 00:30 | Report Abuse

quite a few uncertainties linger on since the initial anti-dumping protection is 120 days only from 17Oct, and provided the authorities can enforce as you know there are always those who evade.

positive news for local flat steel (Megasteel HRC especially). a higher ramped up utilization will give more confidence, so maybe have to wait for more news later about further increase to confirm recovery is on track.

lioncor's heavy debt might require funding from shareholders if the RP gets a chance and calls for it. so even ikan bilis percentage will help. i think lioncor wants to stay listed but only SC can decide, likely in the next 2 weeks.

Posted by L2 > 2014-11-23 00:34 | Report Abuse

re trap, i meant others who want to offload, or opportunistic buyers with inside info on the pending decision. TSWC i agree no point for him.