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发表于 31-8-2019 02:27 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2019 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Jun 2019 | 30 Jun 2018 | 30 Jun 2019 | 30 Jun 2018 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 47,913 | 40,827 | 92,156 | 79,991 | | 2 | Profit/(loss) before tax | -6,534 | 370 | 1,248 | -10,826 | | 3 | Profit/(loss) for the period | -8,222 | -1,177 | -1,625 | -13,798 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -8,226 | -1,158 | -1,660 | -13,788 | | 5 | Basic earnings/(loss) per share (Subunit) | -3.01 | -0.42 | -0.61 | -5.04 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 3.00 |
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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 ($$) | 1.9500 | 1.9400
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发表于 2-10-2019 07:36 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | MAA GROUP BERHAD ("MAAG" OR "THE COMPANY")PROPOSED ACQUISITION OF 90% EQUITY INTEREST IN SCHOLASTIC IB INTERNATIONAL SDN BHD BY ITS SUB-SUBSIDIARY, EDUMAAX SDN BHD (FORMERLY KNOWN AS INDOPELANGI SDN BHD) ("PROPOSED ACQUISITION") | The Board of Directors of MAAG, wishes to announce that on 20September 2019, Edumaax Sdn Bhd (formerly known as Indopelangi Sdn Bhd), a wholly owned subsidiary of MAA Corporation Sdn Bhd, which in turn is a wholly owned subsidiary of the Company had entered into a Share Acquisition Agreement (“SAA”) with Scholastic Ventures Sdn Bhd and PAC Edu KL Sdn Bhd, for the acquisition of 1,147,059 shares representing 90% equity interest in Scholastic IB International Sdn Bhd for a total purchase consideration of RM27,000,000.00 (Ringgit Malaysia: Twenty Seven Million Only) subject to further terms and conditions stipulated in the SAA.
Further details of the acquisition are set out in the attachment.
This announcement is dated 20 September 2019. |
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6288405
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发表于 9-10-2019 08:37 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | MAA GROUP BERHAD ("MAAG" OR "THE COMPANY") PROPOSED ACQUISITION OF 90% EQUITY INTEREST IN SCHOLASTIC IB INTERNATIONAL SDN BHD BY ITS SUB-SUBSIDIARY, EDUMAAX SDN BHD (FORMERLY KNOWN AS INDOPELANGI SDN BHD) ("PROPOSED ACQUISITION") | (Unless otherwise stated, the definitions used in this announcement are the same as those previously defined in the announcement dated 20 September 2019)
We refer to the Company's announcement made on 20 September 2019 in relation to the Proposed Acquisition with further clarification on: (i) Section 3 - Basis of and Justification for the Purchase Consideration (ii) Section 7 - Variation to the Utilisation of Proceeds from the Disposal of MAA Takaful Berhad ("MAAT")
Section 3 - Basis of and Justification for the Purchase Consideration
As stated in the Company’s announcement dated 20 September 2019 (“Announcement”), the Purchase Consideration was arrived at on a willing buyer willing seller basis after taking into consideration the prospects of the private education industry in Malaysia and the future earnings potential of the SJ Group. It is also taking into account the following:
(i) The aggregate profit guarantee of RM5.00 million provided by the Vendors for the financial years ending 31 December 2019 and 31 December 2020, which translates to a yearly profit guarantee of RM2.50 million for each financial year.
Based on the yearly profit guarantee of RM2.50 million, the purchase consideration of RM27.00 million (90% of RM30.00 million value on 100% equity interest in SIB) represents a price-to-earnings (“PE”) multiple of 12.00 times.
(ii) The audited consolidated profit of taxation (“PAT”) of RM2.55 million for the financial year ended 31 December 2018.
Based on the PAT of RM2.55 million, the purchase consideration of RM27.00 million (90% of RM30.00 million value on 100% equity interest in SIB) represents a price-to-earnings (“PE”) multiple of 11.76 times.
Section 7 - Variation to the Utilisation of Proceeds from the Disposal of MAAT
There was a typo error on the figure of RM214.06 million in sub-paragraph 4 of section 7. The amount of the MAAT Disposal Proceeds remains unutilised should be RM183.66 million. Further breakdown on the unutilised MAAT Disposal Proceeds is disclosed in the table set out in section 7 of the Announcement.
This announcement is dated 25 September 2019.
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发表于 8-1-2020 07:38 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | MAA GROUP BERHAD ("MAAG" OR "THE COMPANY") PROPOSED ACQUISITION OF 90% EQUITY INTEREST IN SCHOLASTIC IB INTERNATIONAL SDN BHD BY ITS SUB-SUBSIDIARY, EDUMAAX SDN BHD (FORMERLY KNOWN AS INDOPELANGI SDN BHD) ("PROPOSED ACQUISITION") | (Unless otherwise stated, the definitions used in this announcement are the same as those previously defined in the announcements dated 20 September 2019 and 25 September 2019)
Reference is made to the announcements made by MAAG on 20 September 2019 and 25 September 2019 in relation to the Share Acquisition Agreement (“SAA”) executed between Edumaax Sdn Bhd (formerly known as Indopelangi Sdn Bhd), who is a sub-subsidiary of the Company, with Scholastic Ventures Sdn Bhd and PAC Edu KL Sdn Bhd, for the acquisition of 1,147,059 shares which is equivalent to 90% equity interest held in Scholastic IB International Sdn Bhd.
The Board of Directors of MAAG wishes to announce that the Proposed Acquisition has been completed on 31 October 2019 in accordance with terms and conditions of the SAA.
This announcement is dated 31 October 2019.
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发表于 22-1-2020 04:11 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS | Description | MAA GROUP BERHAD ("MAAG")PROPOSED SUBSCRIPTION OF 18,433,180 NEW SHARES IN ALTECH CHEMICAL LTD ("ALTECH") FOR A TOTAL CASH CONSIDERATION OF AU$2.0 MILLION ("PROPOSED SUBSCRIPTION") | 1. Introduction
The Board of Directors of MAAG (“Board”) wishes to announce that on 11 November 2019, MAAG entered into a conditional subscription agreement with Altech to subscribe for 18,433,180 Altech shares, representing approximately 2.42% of the enlarged issued and paid-up share capital of Altech, for a total cash consideration of Australian Dollar (“AU$”) 2,000,000 or at AU$0.1085 per share.
Together with past subscriptions by MAAG, MAAG will now hold a total of 51,489,658 Altech shares, representing approximately 6.76% of the enlarged issued and paid-up share capital of Altech.
The cash consideration of AU$2 million will be funded by internally generated funds.
The consideration for the Proposed Subscription was arrived at on a willing-buyer and willing-seller basis, after taking into consideration assessment of Altech’s future prospects and the subscription price of AU$0.1085 represents a discount of 15.7% on the 5-day weighted average market price of Altech shares up to 12 November 2019.
The new Altech shares shall be subscribed by MAAG free from all charges, liens, pledges, trust and other encumbrances and with all rights, benefits and entitlements attaching thereto.
2. Background information on Altech
Altech is an ASX-listed mineral and chemical processing company concentrating on the development of a high purity alumina (“HPA”) production operation. The company owns significant aluminous clay resources in Western Australia, which it has demonstrated is suitable feedstock for the proposed process.
Based on Altech’s audited financial statements for the financial year ended 30 June 2019, the company recorded a net loss of AU$6.18 million while its shareholders’ equity stood at AU$63.41 million.
3. Rationale
The Proposed Subscription provides MAAG with an opportunity to participate in the future growth of Altech as well as to enjoy the potential capital appreciation in the value of its investment in Altech upon operation of the HPA plant.
4. Prospects of the Proposed Subscription and risk factor
Prospect of high purity alumina (“HPA”) market
The global HPA market was valued at $1.1 billion in 2018, and is projected to reach $5.1 billion by 2026, growing at a CAGR of 21.7% from 2019 to 2026. The HPA market is mainly driven by its increase in applications in semiconductors, LED lighting, lithium ion batteries, plasma display screen, phosphor, hybrid cars, optical lenses, sodium lamps, and smartphone sapphire glass. In addition, increase in demand for high purity alumina from LED lighting industry, owing to stringent government regulations on production, import, and sale of incandescent lights is expected to fuel the growth of the LED lighting market; thereby, boosting the growth of this market. Furthermore, HPA is used in the manufacturing of lithium ion batteries. Therefore, increase in demand for lithium ion batteries due to surge in demand for electric cars globally in order to curb carbon emission is expected to increase the demand for high purity alumina.
Risk factor
The Proposed Subscription is subject to certain risks inherent in the HPA market. These may include, inter-alia, changes in demand and oversupply of HPA, global economy downturn etc, . In addition, there is no certainty that the mining, construction and operation of the HPA operations and facilities will be able to proceed as envisaged, and if they do proceed as envisaged – that the operations will function as expected and deliver the results that were foreshadowed.
5. Financial effects
The Proposed Subscription will not have a material effect on the earnings or net assets of the MAAG group for the financial year ending 31 December 2019.
6. Expected completion
The Proposed Subscription is expected to be completed by 15 November 2019 or such other date as agreed by the parties in writing.
7. Approvals required
The Proposed Subscription is not subject to the approval of the shareholders of MAAG or any regulatory authorities.
Pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Securities, the highest percentage ratio of the transaction and the earlier subscription of AU$2.0 million new Altech shares is less than 5% based on the audited financial statements of MAAG for the financial year ended 31 December 2018.
8. Interest of Directors and Substantial Directors
Tunku Dato’ Yaacob Khyra (“TY”) is a director and a shareholder of Altech via his interests in Melewar International Investment Company Limited, and accordingly, is deemed interested in the Proposed Subscription. TY had abstained and will continue to abstain from deliberations and voting at the relevant board meetings of MAAG in relation to the Proposed Subscription.
Save as disclosed above, none of the Directors and substantial shareholders of MAAG and persons connected to them have any interest, direct or indirect, in the Proposed Subscription.
9. Statement by the Board and the Audit Committee
The Audit Committee of MAAG has considered all aspect of the transaction, is of the view that the transaction is fair, reasonable, on normal commercial terms and not detrimental to the interest of MAAG’s minority shareholders, and that the transaction is in the best interest of MAAG.
The Board concurred with the Audit Committee’s opinion and agreed that the transaction is in the best interest of MAAG.
This announcement is dated 13 November 2019.
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发表于 26-1-2020 07:37 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS | Description | MAA GROUP BERHAD ("MAAG") PROPOSED SUBSCRIPTION OF 18,433,180 NEW SHARES IN ALTECH CHEMICAL LTD ("ALTECH") FOR A TOTAL CASH CONSIDERATION OF AU$2.0 MILLION ("PROPOSED SUBSCRIPTION") | (Unless otherwise stated, the definitions used in this announcement is the same as those previously defined in the announcement dated 13 November 2019)
Reference is made to the announcement made by MAAG on 13 November 2019 in relation to the conditional subscription agreement (“the Agreement”) executed between MAAG with Altech for the acquisition of 18,433,180 Altech shares, representing approximately 2.42% of the enlarged issued and paid-up share capital of Altech, for a total cash consideration of Australian Dollar (“AU$”) 2,000,000 or at AU$0.1085 per share.
The Board of Directors of MAAG wishes to announce that the Proposed Subscription has been completed on 15 November 2019 in accordance with terms and conditions of the Agreement.
This announcement is dated 15 November 2019.
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发表于 29-2-2020 08:31 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2019 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Sep 2019 | 30 Sep 2018 | 30 Sep 2019 | 30 Sep 2018 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 48,105 | 45,271 | 140,261 | 125,262 | | 2 | Profit/(loss) before tax | -3,294 | -1,863 | -2,046 | -12,689 | | 3 | Profit/(loss) for the period | -3,304 | -2,603 | -4,929 | -16,401 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -3,299 | -2,633 | -4,959 | -16,421 | | 5 | Basic earnings/(loss) per share (Subunit) | -1.21 | -0.96 | -1.81 | -6.00 | | 6 | Proposed/Declared dividend per share (Subunit) | 6.00 | 0.00 | 6.00 | 3.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.8900 | 1.9400
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发表于 3-5-2020 07:42 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2019 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Dec 2019 | 31 Dec 2018 | 31 Dec 2019 | 31 Dec 2018 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 54,139 | 43,979 | 194,400 | 169,241 | | 2 | Profit/(loss) before tax | -27,479 | -11,684 | -29,525 | -24,373 | | 3 | Profit/(loss) for the period | -26,333 | -10,937 | -31,262 | -27,338 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -26,258 | -11,036 | -31,217 | -27,457 | | 5 | Basic earnings/(loss) per share (Subunit) | -9.60 | -4.03 | -11.42 | -10.04 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 6.00 | 3.00 |
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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 ($$) | 1.7900 | 1.9400
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发表于 9-5-2020 07:18 AM
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Date of change | 11 Mar 2020 | Name | MR ANAND KANAGASINGAM | Age | 38 | Gender | Male | Nationality | Malaysia | Type of change | Appointment | Designation | Chief Operating Officer |
Qualifications| No | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Degree | Commerce in Corporate Finance and Marketing | University of Adelaide, Australia | |
| | | Working experience and occupation | Mr Anand Kanagasingam has over 10 years of credit and client relationship management experience in Corporate/Commercial Banking. He began his career in the banking industry serving various renowned banks in Malaysia and United Arab Emirates such as Affin Bank Berhad, the National Bank of Abu Dhabi, Standard Chartered Bank and Union National Bank. Mr Anand Kanagasingam was appointed as the General Manager of MAA Group Berhad on 18 September 2017 and was subsequently redesignated to Senior Vice President - Financial Services on 1 April 2019. |
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发表于 11-5-2020 07:58 AM
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Date of change | 16 Mar 2020 | Name | MR CHOON SIEW THONG | Age | 52 | Gender | Male | Nationality | Malaysia | Type of change | Appointment | Designation | Chief Financial Officer |
Qualifications| No | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Professional Qualification | Accounting | CPA Australia | Member | | 2 | Professional Qualification | Accounting | Malaysian Institute Accountants (MIA) | Member | | 3 | Degree | Accounting | Monash University, Melbourne, Australia | Bachelor of Economics (major in accounting) |
| | | Working experience and occupation | Mr Choon Siew Thong has more than 29 years of work experience since starting his career with PricewaterhouseCoopers in mid 1990 before leaving in 2003 to join the commercial world. He was formerly the Group Chief Financial Officer for Kencana Petroleum Bhd in 2007 till 2012 and the Group Chief Risk Officer for Sapurakencana in 2012 till 2015. Prior to joining the Company, he was the Group Chief Financial officer for a 100% foreign owned company called MFE Formwork Technology Sdn Bhd. |
Date of change | 16 Mar 2020 | Name | MISS LIM YONG HUEY | Age | 56 | Gender | Female | Nationality | Malaysia | Type of change | Resignation | Designation | Chief Financial Officer | Reason | Due to personal commitment | Details of any disagreement that he/she has with the Board of Directors | No | Whether there are any matters that need to be brought to the attention of shareholders | No |
Qualifications| No | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Professional Qualification | Accounting | Association of Chartered Certified Accountants, United Kingdom | Fellow Member | | 2 | Diploma | Financial and Accounting | Tunku Abdul Rahman College | Graduate Diploma |
| | | Working experience and occupation | Ms Lim Yong Huey started her career as an auditor having served various capacities in audit firms the last with Price Waterhouse before she left the audit profession to join the commercial working as a finance manager in a public listed company.In August 2000, she joined the Company as Executive Manager - Group Finance and progressed within the Company to the position of Senior Vice President - Group Finance in January 2011. As the Senior Vice President - Group Finance, she oversees the overall finance functions, which include financial reporting, finance operations, budgeting, treasury, taxation, payroll and office administration. |
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发表于 11-10-2020 08:28 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 54,332 | 44,243 | 54,332 | 44,243 | | 2 | Profit/(loss) before tax | -28,564 | 7,782 | -28,564 | 7,782 | | 3 | Profit/(loss) for the period | -30,508 | 6,597 | -30,508 | 6,597 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -30,497 | 6,566 | -30,497 | 6,566 | | 5 | Basic earnings/(loss) per share (Subunit) | -11.16 | 2.40 | -11.16 | 2.40 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.7000 | 1.7900
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发表于 23-12-2020 08:03 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Jun 2020 | 30 Jun 2019 | 30 Jun 2020 | 30 Jun 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 50,161 | 47,913 | 104,493 | 92,156 | | 2 | Profit/(loss) before tax | 29,160 | -6,534 | 596 | 1,248 | | 3 | Profit/(loss) for the period | 23,316 | -8,222 | -7,192 | -1,625 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 23,171 | -8,226 | -7,326 | -1,660 | | 5 | Basic earnings/(loss) per share (Subunit) | 8.48 | -3.01 | -2.69 | -0.61 | | 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 ($$) | 1.7900 | 1.7900
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发表于 23-3-2021 07:28 AM
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本帖最后由 icy97 于 14-5-2021 10:18 AM 编辑
Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS | Description | MAA GROUP BERHAD ("MAAG" OR "THE COMPANY") PROPOSED SUBSCRIPTION OF 35.20% INTEREST IN MICROLEAP PLT FOR A TOTAL CONSIDERATION OF RM1,250,000 ("PROPOSED SUBSCRIPTION") | The Board of Directors of MAAG wishes to announce that on 27 October 2020, MAA Corporation Sdn Bhd, which is a wholly owned subsidiary of MAA Group Berhad, had entered into a Partnership Interest Subscription Agreement (“PISA”) with MicroLEAP PLT (“MicroLEAP”) and all the Existing Partners (as hereafter defined in the attachment) for the subscription of 35.20% interest in MicroLEAP for a total consideration of RM1,250,000 (Ringgit Malaysia: One Million Two Hundred Fifty Thousand Only) subject to further terms and conditions stipulated in the PISA.
Further details of the Proposed Subscription are set out in the attachment.
The announcement is dated 28 October 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3100539
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发表于 14-5-2021 10:17 AM
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本帖最后由 icy97 于 14-5-2021 10:19 AM 编辑
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020 |
| INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Sep 2020 | 30 Sep 2019 | 30 Sep 2020 | 30 Sep 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 59,775 | 48,105 | 164,268 | 140,261 | | 2 | Profit/(loss) before tax | 26,180 | -3,294 | 26,776 | -2,046 | | 3 | Profit/(loss) for the period | 22,878 | -3,304 | 15,686 | -4,929 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 22,760 | -3,299 | 15,434 | -4,959 | | 5 | Basic earnings/(loss) per share (Subunit) | 8.35 | -1.21 | 5.70 | -1.81 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 6.00 | 0.00 | 6.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.8500 | 1.7900
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS | Description | MAA GROUP BERHAD ("MAAG")PROPOSED SUBSCRIPTION OF UP TO 39,506,033 NEW SHARES IN ALTECH CHEMICAL LTD ("ALTECH") VIA ALTECH'S PROPOSED RIGHTS ISSUE FOR A TOTAL CASH CONSIDERATION OF UP TO AU$1.58 MILLION ("PROPOSED SUBSCRIPTION") | 1. Introduction
The board of directors of MAAG (“Board”) wishes to announce that on 6 November 2020, MAAG (i) signed a written undertaking to subscribe in full of MAAG’s entitlement of 20,595,863 new Altech shares under Altech’s proposed non-renounceable rights issue of 363,334,788 new Altech shares (“Rights Shares”) on the basis of two (2) Rights Shares for every five (5) Altech shares held at an issue price of AU$0.04 per share together with one (1) free share option (at an exercise price of AU$0.08 per share and an expiry date of 31 May 2022) for every two (2) Rights Shares issued for a total cash subscription amount of AU$823,834.52; and (ii) entered into an underwriting agreement with Altech to underwrite up to 18,910,170 Rights Shares of which there is no valid shareholders’ undertaking to subscribe (“Underwriting Agreement”). In the event any of the pro-rate entitlement is not taken up by the existing shareholders of Altech in full (“Shortfall Shares”), MAAG will subscribe up to 18,910,170 Shortfall Shares in accordance with the Underwriting Agreement for a total cash subscription amount of up to AU$756,406.78.
Together with Proposed Subscription by MAAG, MAAG will hold a total of up to 90,995,691 Altech shares, representing approximately 7.16% of the enlarged issued and paid-up share capital of Altech.
The aggregate cash subscription amount of up to AU$1,580,241.30 will be funded by internally generated funds.
The issue price of AU$0.04 represents a discount of 15.38% on the 5-day weighted average market price of Altech shares up to 5 November 2020.
The new Altech shares will be ranked equally with the existing Altech Shares issued.
2. Background Information on Altech
Altech is an ASX-listed mineral and chemical processing company concentrating on the development of a high purity alumina (“HPA”) production operation. The company owns significant aluminous clay resources in Western Australia, which it has demonstrated is suitable feedstock for the proposed process.
Based on Altech’s audited financial statements for the financial year ended 30 June 2020, the company recorded a net loss of AU$3.52 million while its shareholders’ equity stood at AU$68.56 million.
3. Rationale
The Proposed Subscription provides MAAG with an opportunity to participate in the future growth of Altech as well as to enjoy the potential capital appreciation in the value of its investment in Altech upon operation of the HPA plant.
4. Prospects of the Proposed Subscription and Risk Factor
Prospect of high purity alumina (“HPA”) market
The global high purity alumina market was valued at $1.1 billion in 2018, and is projected to reach $5.1 billion by 2026, growing at a CAGR of 21.7% from 2019 to 2026.
High-purity alumina (HPA) is a premium product that falls under non-metallurgical alumina products, characterized by a minimum purity level of 99.99%. HPA is utilized as a base material to manufacture sapphire substrates in applications such as light-emitting diodes (LEDs) and artificial sapphire glass. It possesses properties such as corrosion resistance, high brightness, and can withstand high temperatures.
In addition, upsurge in production of electric vehicles in North America, Europe, and Asia-Pacific has boosted the demand for HPA, as it is used in manufacturing of batteries in electric vehicles.
(Source: https://www.reportlinker.com/p05828833/?utm_source=PRN)
Risk factor
The Proposed Subscription is subject to certain risks inherent in the HPA market. These may include, inter-alia, changes in demand and oversupply of HPA, global economy downturn, political risk etc. In addition, there are specific risks which relate directly to Altech such as potential for significant dilution of shareholding, access to capital risk, potential additional requirements for capital, development stage risk, environmental risks, operational and processing risks etc. There is no certainty that the mining, construction and operation of the HPA operations and facilities will be able to proceed as envisaged.
5. Financial Effects
The Proposed Subscription will not have a material effect on the earnings or net assets of the MAAG group for the financial year ending 31 December 2020.
6. Expected Completion
The Proposed Subscription is expected to be completed by December 2020 or such other date as agreed by the parties in writing.
7. Approvals Required
The Proposed Subscription is not subject to the approval of the shareholders of MAAG or any regulatory authorities.
Pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Securities, the highest percentage ratio of the transaction and the earlier subscription of AU$2.0 million new Altech shares in November 2019 is less than 5% based on the audited financial statements of MAAG for the financial year ended 31 December 2019.
8. Interest of Directors and Substantial Directors
Tunku Dato’ Yaacob Khyra (“TY”) is a director and a shareholder of Altech via his interests in Melewar Equities (BVI) Ltd, and accordingly, is deemed interested in the Proposed Subscription. TY had abstained and will continue to abstain from deliberations and voting at the relevant board meetings of MAAG in relation to the Proposed Subscription.
Save as disclosed above, none of the Directors and substantial shareholders of MAAG and persons connected to them have any interest, direct or indirect, in the Proposed Subscription.
9. Statement by the Board and the Audit Committee
The Audit Committee of the Company has considered all aspect of the transaction, is of the view that the transaction is fair, reasonable, on normal commercial terms and not detrimental to the interest of the Company’s minority shareholders, and that the transaction is in the best interest of the Company.
The Board concurred with the Audit Committee’s opinion and agreed that the transaction is in the best interest of the Company.
10. Documents for Inspection
A copy of the underwriting agreement and written undertaking is available for inspection at the registered office of MAAG during office hours from Monday to Friday (except for public holidays) at Suite 11.05, 11th Floor, No. 566, Jalan Ipoh, 51200 Kuala Lumpur for a period of three (3) months from the date of this announcement.
This announcement is dated 6 November 2020.
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发表于 10-7-2021 04:02 AM
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几时看都是经典
股市地雷要小心!!!!
PN17 = ｐａｉｄ ｎｏｔｈｉｎｇ ！！！！
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发表于 10-7-2021 04:17 AM
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MAA buys international school
[size=1em]Saturday, 21 Sep 2019
[size=1em]KUALA LUMPUR: MAA Group Bhd is expanding its education business with a RM27mil purchase of an international school. [size=1em]The company, in a filing with Bursa Malaysia today, said its wholly owned subsidiary Edumaax Sdn Bhd has entered into a deal with Scholastic Ventures Sdn Bhd and PAC Edu KL Sdn Bhd to acquire a 90% stake in Scholastic IB International Sdn Bhd (SIB).
[size=1em]“The proposed acquisition will enable MAA Group to have a stable stream of income and profits, and accelerate expansion and growth in the education business segment, ” it said [size=1em]The remaining 10% of SIB is own by Johannians Leadership Foundation. [size=1em]SIB owns the St John’s International Edu Group Sdn Bhd, which offers Cambridge lower secondary and upper secondary for students between the age of 12 and 17 years old.
[size=1em]请问最后失败了吗？？
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发表于 5-1-2022 10:21 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2021 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | Three Months | Three Months | Nine Months | Nine Months | 01 Jul 2021
To | 01 Jul 2020
To | 01 Jan 2021
To | 01 Jan 2020
To | 30 Sep 2021 | 30 Sep 2020 | 30 Sep 2021 | 30 Sep 2020 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 57,046 |
| 171,181 |
| | 2 | Profit/(loss) before tax | 7,991 |
| 17,529 |
| | 3 | Profit/(loss) for the period | 4,351 |
| 3,190 |
| | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 5,838 |
| 9,011 |
| | 5 | Basic earnings/(loss) per share (Subunit) | 2.21 |
| 3.42 |
| | 6 | Proposed/Declared dividend per share (Subunit) | 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 ($$) | 2.0300 | 2.0200
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发表于 16-9-2024 06:40 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2024 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2023 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 48,446 | 62,446 | 253,160 | 242,303 | | 2 | Profit/(loss) before tax | 15,518 | -15,006 | -17,702 | 3,205 | | 3 | Profit/(loss) for the period | 14,102 | -19,524 | -22,754 | -9,249 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 25,608 | -15,982 | -4,783 | 1,026 | | 5 | Basic earnings/(loss) per share (Subunit) | 9.71 | -6.06 | -1.81 | 0.39 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.5000 | 1.5300
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