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楼主 |
发表于 14-3-2024 11:14 PM
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Type | Reply to Query | Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-13032024-00002 | Subject | PROPOSED DISPOSAL OF 910,000 ORDINARY SHARES IN DEMAND OPTIONS SDN BHD ("TARGET COMPANY"), REPRESENTING 70% OF THE ENTIRE EQUITY INTEREST IN THE TARGET COMPANY | Description | GE-SHEN CORPORATION BERHAD ("GE-SHEN" OR THE COMPANY")- PROPOSED DISPOSAL OF 910,000 ORDINARY SHARES IN DEMAND OPTIONS SDN BHD ("TARGET COMPANY"), REPRESENTING 70% OF THE ENTIRE EQUITY INTEREST IN THE TARGET COMPANY | Query Letter Contents | We refer to GESHEN’s announcement dated 11 March 2024 in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:
1) The timeframe to enter into the Share Sale Agreement (“SSA”). 2) The net tangible assets of the Target Company as at 31 December 2023 that was used as the basis to derive the disposal consideration. 3) The Corporate Guarantee must be discharged on the Completion Date in compliance with Paragraph 8.23(1) of the Main Market Listing Requirements upon cessation of the Target Company from being a subsidiary of GESHEN. In this regard, please ensure the terms are updated in the Term Sheet and incorporated in the SSA. 4) The breakdown of the proceeds to be utilised for working capital and business expansion respectively. 5) The details of the Target Company’s property including the type of property, current usage and net book value based on the latest audited financial statements. 6) The rationale for granting the purchaser to pay the remaining amount of the disposal consideration of RM5,250,000 in 24 equal monthly instalments, and whether it is in the best interest of the Company. | Please refer to the attachment for further details pertaining to the Company's reply to Bursa Malaysia Securities Berhad's query letter.
This announcement is dated 14 March 2024.
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https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3430710
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楼主 |
发表于 20-3-2024 01:52 AM
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本帖最后由 icy97 于 20-3-2024 02:05 AM 编辑
Type | Announcement | Subject | OTHERS | Description | Press Release: Ge-Shen strengthening its position in E&E sector via acquisitions in electronics manufacturer Amity | Please refer to the attached press release regarding the above subject matter. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3431572
Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | GE-SHEN CORPORATION BERHAD ("GE-SHEN" OR "THE COMPANY")- PROPOSED ACQUISITIONS OF 60% EQUITY INTEREST IN AMITY RESEARCH & DEVELOPMENT SDN BHD ("ARD") AND AMITY TECHNICAL SERVICES & CONSULTANCY (M) SDN. BHD. ("ATSCM") BY GE-SHEN ("PROPOSED ACQUISITIONS") | The Board of Directors of Ge-Shen wishes to announce that the Company had on 18 March 2024 entered into the non-binding term sheet with Pak Yue Leong, Tan Chung Ken, Tan Guan Lai, Tan Khay Leang, Tan Kooi Loon and Teh Sheh Chien to negotiate with detailed terms and conditions to be contained in a definitive share sale agreement in relation to the:-
a) proposed acquisition of 60,000 existing ordinary shares representing 60% total equity interest in ARD; and
b) proposed acquisition of 300,000 existing ordinary shares representing 60% total equity interest in ATSCM
(collectively “the Proposed Acquisitions”) for a purchase consideration of RM13,500,000.00 to be fully satisfied in cash.
Upon completion of the Proposed Acquisitions, ARD and ATSCM will both become 60.0% owned subsidiaries of the Company.
Details of the Proposed Acquisitions are set out in the attachment.
This announcement is dated 18 March 2024. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3431443
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楼主 |
发表于 28-3-2024 01:59 PM
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| GE-SHEN CORPORATION BERHAD |
| 1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | ESOS | Details of corporate proposal | Exercise of options under the Employee's Share Option Scheme | No. of shares issued under this corporate proposal | 2,605,500 | Issue price per share ($$) | Malaysian Ringgit (MYR) 1.8000 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 125,728,700 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 84,051,378.730 | Listing Date | 29 Mar 2024 | | 2. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | ESOS | Details of corporate proposal | Exercise of options under the Employee's Share Option Scheme | No. of shares issued under this corporate proposal | 424,750 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.7000 | Par Value($$) (if applicable) |
| | Latest issued share capital after the above corporate proposal in the following | Units | 125,728,700 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 84,051,378.730 | Listing Date | 29 Mar 2024 |
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楼主 |
发表于 21-8-2024 02:23 PM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2024 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2023 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 75,132 | 60,084 | 148,984 | 117,753 | | 2 | Profit/(loss) before tax | 6,023 | 3,047 | 10,737 | 1,201 | | 3 | Profit/(loss) for the period | 5,023 | 2,145 | 8,367 | 77 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 4,470 | 2,190 | 7,539 | 435 | | 5 | Basic earnings/(loss) per share (Subunit) | 3.52 | 1.98 | 6.06 | 0.39 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.2700 | 1.2100
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楼主 |
发表于 22-8-2024 02:03 AM
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楼主 |
发表于 24-9-2024 07:02 AM
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| GE-SHEN CORPORATION BERHAD |
Date of change | 21 Sep 2024 | Name | MR LOUIS LAU PUONG KIET | Age | 38 | Gender | Male | Nationality | Malaysia | Type of change | Resignation | Designation | Chief Executive Officer | Reason | To pursue other career opportunities |
Date of change | 20 Sep 2024 | Name | DR ADRIAN FOONG HONG NIAN | Age | 44 | Gender | Male | Nationality | Malaysia | Type of change | Appointment | Designation | Chief Executive Officer |
Qualifications| No | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Doctorate | Business Administration in Lean Operation | Universiti Utara Malaysia (UUM) | | | 2 | Masters | Business Administration in Operation Management | Multimedia University (MMU) | | | 3 | Degree | Microelectronics & Physics | Campbell University, USA | |
| | | Working experience and occupation | Dr. Adrian Foong Hong Nian (Dr. Adrian) has strengths in manufacturing and operation management, along with 21 years of experience in problem-solving, project management, and industrial engineering. He has led cross-functional teams in multinational and corporate firms, holding key roles across various semiconductor and manufacturing companies. |
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楼主 |
发表于 26-9-2024 06:52 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | GE-SHEN CORPORATION BERHAD ("GE-SHEN" OR "THE COMPANY")- PROPOSED ACQUISITIONS OF 60% EQUITY INTEREST IN AMITY RESEARCH & DEVELOPMENT SDN BHD ("ARD") AND AMITY TECHNICAL SERVICES & CONSULTANCY (M) SDN. BHD. ("ATSCM") BY GE-SHEN (COLLECTIVELY KNOWN AS "PROPOSED ACQUISITIONS") | Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 18 March 2024 in relation to the Proposed Acquisitions (“Announcement”).
Further to the Announcement, the Board wishes to announce that the Company had on 25 September 2024 entered into the following agreements (collectively, “SSAs”):- (a) conditional share sale agreement with the Vendors for the Proposed Acquisition of ARD (“SSA I”) for a purchase consideration of RM3,375,000.00 (“Purchase Consideration II”) to be fully satisfied in cash; and (b) conditional share sale agreement with the Vendors for the Proposed Acquisition of ATSCM (“SSA II”) for a purchase consideration of RM10,125,000.00 (“Purchase Consideration II”) to be fully satisfied in cash. Please refer to the attachment for further details of the SSAs in relation to the Proposed Acquisitions.
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