【FAVCO 7229 交流专区】辉高

30624700

哭哭鸟 发表于 23-2-2017 06:04 PM
7229                                                            [/td][/tr]


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已经把辉高放在我的观察名单内,有潜质和油气业再次起舞。

不过可以请教一个问题吗?我们从哪里可以得知公司业绩---来自油气业多少,来自建筑/码头/wind turvine领域各自是多少---在年报哪里可以看到???

请问其他看官知道吗?

30624700

辉高的管理层素质真的是相当高。

油气业者能增产时才特别需要起重机,这时辉高的订单才会突增。图表显示的是布兰特原油的价格(红色)和辉高的订单数额(蓝色)。我们可以看到在上一轮的布兰特原油高峰期,两年半后辉高的订单才达到高峰。这显示了辉高的业绩循环高峰会来的比较迟,而且高峰期短。

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	92,970	136,769	526,484	582,273
2	Profit/(loss) before tax	18,703	16,065	83,277	79,782
3	Profit/(loss) for the period	11,061	18,811	63,989	72,040
4	Profit/(loss) attributable to ordinary equity holders of the parent	10,689	20,213	63,089	74,649
5	Basic earnings/(loss) per share (Subunit)	4.83	9.13	28.50	33.83
6	Proposed/Declared dividend per share (Subunit)	13.50	15.00	13.50	15.00
		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 ($$)	2.8400		2.6700

icy97

Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" or "the Company")- Proposed First and Final Dividend
The Board of Directors of FFB is pleased to recommend a first and final tax exempt dividend of 13.5 sen per ordinary share in respect of the financial year ended 31 December 2017. The declaration of the first and final tax exempt dividend is subject to the approval of the Company's shareholders at the forthcoming Annual General Meeting of the Company. The dividend entitlement and payment dates will be determined by the Board of Directors at a later date. This announcement is dated 27 February 2018.

icy97

icy97 发表于 6-10-2017 03:19 AM
辉高购4公司控制权 扩大盈利来源
Tan Xue Ying/theedgemarkets.com
October 05, 2017 20:10 pm MYT

（吉隆坡5日讯）起重机制造商辉高（Favelle Favco Bhd）计划以8740万令吉，收购4家工程与自动化相关公司的控 ...

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	FAVELLE FAVCO BERHAD ("FAVCO" OR "THE COMPANY")PROPOSED ACQUISITION BY FAVCO OF 70% EQUITY INTERESTS IN EACH OF THE FOLLOWING COMPANIES:(I)         EXACT AUTOMATION SDN BHD ("EXACT AUTOMATION");(II)        SEDIA TEGUH SDN BHD ("SEDIA TEGUH"); (III)        EXACT ANALYTICAL SDN BHD ("EXACT ANALYTICAL"); AND(IV)         EXACT OIL & GAS SDN BHD ("EXACT OIL & GAS")(HEREINAFTER REFERRED TO AS THE "PROPOSED ACQUISITION")
We refer to our announcements dated 5 October 2017, 4 January 2018 and 2 March 2018 in relation to the heads of agreement for the Proposed Acquisition. The Board of Directors (“Board”) of Favco wishes to announce that the Company had on 28 March 2018 entered into a conditional share purchase agreement (“SPA”) with the vendors in relation to the Proposed Acquisition. Upon completion of the Proposed Acquisition, Favco shall hold 70% equity interest in each of the Target Companies, while the Vendors for each of the Target Companies shall hold the remaining 30% in accordance with their respective current shareholding proportions. Please refer to the attachment for further information. This announcement is dated 28 March 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5739017

Attachments 2018-03-28 Announcement - Proposed Acquisition (Final).pdf

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-30032018-00001
Subject	PROPOSED ACQUISITION BY FAVELLE FAVCO BERHAD OF 70% EQUITY INTERESTS IN EXACT AUTOMATION SDN BHD ("EXACT AUTOMATION"), SEDIA TEGUH SDN BHD, EXACT ANALYTICAL SDN BHD AND EXACT OIL & GAS SDN BHD ("PROPOSED ACQUISITION")
Description	FAVELLE FAVCO BERHAD ("FAVCO" OR "THE COMPANY")PROPOSED ACQUISITION BY FAVCO OF 70% EQUITY INTERESTS IN EACH OF THE FOLLOWING COMPANIES:(I)         EXACT AUTOMATION SDN BHD         ("EXACT AUTOMATION");(II)        SEDIA TEGUH SDN BHD         ("SEDIA TEGUH"); (III)        EXACT ANALYTICAL SDN BHD         ("EXACT ANALYTICAL"); AND(IV)         EXACT OIL & GAS SDN BHD         ("EXACT OIL & GAS")(HEREINAFTER REFERRED TO AS THE "PROPOSED ACQUISITION")
Query Letter Contents	We refer to your Company’s announcement dated 28 March 2018, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1)      Financial performance of the respective Target Companies for the past 3 years together with the adjusted net assets of the Target Companies for the FYE 2016. 2)      The nature and breakdown of net adjustments arising from due diligence on the Target Companies of approximately RM0.9 million. 3)      Rationale for the Purchase Consideration to be segregated into 3 different portions. 4)      Basis of using the 8 times PER to derive at the Initial Purchase Consideration. 5)      Further clarification as to why further adjustments are required for the Initial Purchase Consideration when the net adjustment of approximately RM0.9 million has been made pursuant to the due diligence on the Target Companies. 6)      Basis of using the 2 or 4 times PER to derive at the Incremental Purchase Consideration which is different from how the Initial Purchase Consideration is arrived at. 7)      Basis to derive at an indicative cumulative profit threshold of RM62.6 million. 8)      The timeframe for Exact Automation to declare the RM10 million dividend and for which financial year. 9)      Whether the Proposed Acquisition will signify the diversification pursuant to Paragraph 10.13 of the Main Market Listing Requirements. 10)    Outlook of the industrial automation industry and oil & gas industry in Malaysia as well as the prospects of the Target Companies.
We refer to our announcement dated 28 March 2018 in relation to the Proposed Acquisition (“EarlierAnnouncement"). Unless otherwise stated, defined terms used herein shall have the same meanings as defined in our Earlier Announcement. We wish to inform that we have received a notification from Bursa Malaysia Securities Berhad dated 30 March 2018 in relation to the additional clarification sought in relation to the Proposed Acquisition. Please refer to the attachment for our reply. This announcement is dated 2 April 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5744589

Attachments Bursa queries 2018-04-02 (final).pdf

icy97

Date of change	16 Apr 2018
Name	MR LIM TEIK HIN
Age	76
Gender	Male
Nationality	Malaysia
Designation	Director
Directorate	Non Independent and Non Executive
Type of change	Resignation
Reason	Retirement
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	Mr Lim Teik Hin is a member of the Malaysian Institute of Accountants, Malaysian Institute of Certified Public Accountants and CPA Australia. He graduated with an Accountancy Degree from Perth Technical College in 1966.
Working experience and occupation	Mr Lim Teik Hin started his career with an accounting firm in Australia (L.A. Walker & Sons) and subsequently worked with Messrs KPMG (Penang) in Malaysia. He then joined Federal Aluminium (M) Bhd as an Operations Manager. His last held position was Senior Manager in Muhibbah Engineering (M) Bhd ("MEB") before he was appointed as a Non-Independent Non-Executive Director and member of the Audit Committee of MEB. He retired as a Non-Independent Non-Executive Director and member of the Audit Committee of MEB on 15 May 2014.
Family relationship with any director and/or major shareholder of the listed issuer	Mr Lim Teik Hin is the brother-in-law of Mr Mac Ngan Boon @ Mac Yin Boon, the Director and substantial shareholder of Favelle Favco Berhad.

icy97

FAVELLE FAVCO BERHAD

EX-date	07 Sep 2018
Entitlement date	13 Sep 2018
Entitlement time	05:00 PM
Entitlement subject	First and Final Dividend
Entitlement description	A first and final tax exempt dividend of 13.5 sen per ordinary share in respect of the financial year ended 31 December 2017.
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	13 Sep 2018   to   13 Sep 2018 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date	24 Sep 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	13 Sep 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.135

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2018	31 Mar 2017	31 Mar 2018	31 Mar 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	102,247	114,296	102,247	114,296
2	Profit/(loss) before tax	8,965	16,753	8,965	16,753
3	Profit/(loss) for the period	6,357	12,991	6,357	12,991
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,509	12,837	5,509	12,837
5	Basic earnings/(loss) per share (Subunit)	2.49	5.80	2.49	5.80
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		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 ($$)	2.8100		2.8400

icy97

icy97 发表于 29-3-2018 08:16 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5739017

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	FAVELLE FAVCO BERHAD ("FAVCO" OR "THE COMPANY")ACQUISITION BY FAVCO OF 70% EQUITY INTERESTS IN EACH OF THE FOLLOWING COMPANIES:(I)         EXACT AUTOMATION SDN BHD ("EXACT AUTOMATION");(II)        SEDIA TEGUH SDN BHD ("SEDIA TEGUH"); (III)        EXACT ANALYTICAL SDN BHD ("EXACT ANALYTICAL"); AND(IV)         EXACT OIL & GAS SDN BHD ("EXACT OIL & GAS")(HEREINAFTER REFERRED TO AS THE "ACQUISITION")
(Unless otherwise defined, the terms used in this announcement shall have the same meaning as those defined in the announcement dated 28 March 2018) We refer to our announcements dated 5 October 2017, 4 January 2018, 2 March 2018, 28 March 2018 and 2 April 2018 in relation to the Acquisition. Our Board wishes to announce that the Acquisition has been completed today following the fulfilment of the conditions precedents set out in the SPA and payment of the indicative Initial Purchase Consideration of RM90.74 million in accordance with the SPA. With the completion of the Acquisition, the Target Companies are now 70%-owned subsidiaries of the Company. This announcement is dated 3 July 2018.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	89,843	151,068	192,090	265,364
2	Profit/(loss) before tax	10,215	21,070	19,180	37,823
3	Profit/(loss) for the period	6,780	19,559	13,137	32,550
4	Profit/(loss) attributable to ordinary equity holders of the parent	7,252	19,437	12,761	32,274
5	Basic earnings/(loss) per share (Subunit)	3.28	8.78	5.76	14.58
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		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 ($$)	2.7200		2.8400

yk13

30624700 发表于 25-12-2017 12:07 PM
已经把辉高放在我的观察名单内,有潜质和油气业再次起舞。

不过可以请教一个问题吗?我们从哪里可以得知公司业绩---来自油气业多少,来自建筑/码头/wind turvine领域各自是多少---在年报哪里可以看到???

请问其 ...

年报/季报没有相关资料
不过最新MIDF research报告有提及：
Oil & gas cranes for the offshore oil & gas exploration and production activities = 79%
Shipyard, construction and wind turbine industry = 21%
可以将就来看看吧
我有写封email给他们也问了同样问题，就看看他们会不会回答我吧

icy97

Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" or "the Company")ACCEPTANCE OF PURCHASE ORDERS
INTRODUCTION The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes Pty. Limited and Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent (“Contracts”) respectively from June 2018 and up to the date of announcement:- Contracts secured by Customer Brief description of the Contracts Duration of the Contracts Favelle Favco Cranes Pty. Limited Multiplex Constructions Pty Ltd Supply of Tower Crane which is expected to be delivered by third quarter of 2018 Favelle Favco Cranes Pty. Limited SMC Plant & Equipment Pty Ltd Supply of Offshore Crane which is expected to be delivered by third quarter of 2018 Favelle Favco Cranes (M) Sdn Bhd Malaysia Marine and Heavy Engineering Sdn Bhd Supply of Offshore Crane which is expected to be delivered by end of 2019 Favelle Favco Cranes (M) Sdn Bhd Emdad LLC Supply of Offshore Crane Staggered delivery from third quarter of 2019 to second quarter of 2020 The approximate combined value of the above substantial orders secured amount to RM80.4 million. FINANCIAL EFFECTS The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2018 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts. DIRECTORS' STATEMENT The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts is in the best interest of FFB. This announcement is dated 29 October 2018.

icy97

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2018	30 Sep 2017	30 Sep 2018	30 Sep 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	164,554	168,150	356,644	433,514
2	Profit/(loss) before tax	40,765	26,751	59,945	64,574
3	Profit/(loss) for the period	31,694	20,378	44,831	52,928
4	Profit/(loss) attributable to ordinary equity holders of the parent	30,084	20,126	42,845	52,400
5	Basic earnings/(loss) per share (Subunit)	13.59	9.09	19.35	23.67
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		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 ($$)	3.0100		2.8400

icy97

Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" or "the Company")ACCEPTANCE OF PURCHASE ORDERS
INTRODUCTION The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes Pty. Limited, Favelle Favco Cranes (USA), Inc and Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent (“Contracts”) respectively from November 2018 and up to the date of announcement:- Contracts secured by Customer Brief description of the Contracts Duration of the Contracts Favelle Favco Cranes Pty. Limited G A Caelli Holdings Trust Supply of Tower Crane which is expected to be delivered by second quarter of 2019 Favelle Favco Cranes Pty. Limited Form 700 Pty Ltd Supply of Tower Crane which is expected to be delivered by first quarter of 2019 Favelle Favco Cranes Pty. Limited Icon Co (Aust) Pty Ltd Supply of Tower Crane which is expected to be delivered by second quarter of 2019 Favelle Favco Cranes (USA), Inc TES, Inc Supply of Tower Crane which is expected to be delivered by third quarter of 2019 Favelle Favco Cranes (M) Sdn Bhd Sapura Fabrication Sdn Bhd Supply of Offshore Crane which is expected to be delivered by end of 2019 Favelle Favco Cranes (M) Sdn Bhd Malaysia Vietnam Offshore Terminal (L) Limited Supply of Offshore Crane which is expected to be delivered by end of 2019 The approximate combined value of the above substantial orders secured amount to RM61.1 million. FINANCIAL EFFECTS The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2019 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts. DIRECTORS' STATEMENT The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts is in the best interest of FFB. This announcement is dated 20 February 2019.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2018	31 Dec 2017	31 Dec 2018	31 Dec 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	173,850	92,970	530,494	526,484
2	Profit/(loss) before tax	34,970	18,703	94,915	83,277
3	Profit/(loss) for the period	24,557	11,069	69,388	63,997
4	Profit/(loss) attributable to ordinary equity holders of the parent	21,165	10,697	64,010	63,097
5	Basic earnings/(loss) per share (Subunit)	9.56	4.83	28.91	28.50
6	Proposed/Declared dividend per share (Subunit)	13.50	13.50	13.50	13.50
		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 ($$)	2.9800		2.8400

icy97

Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" or "the Company")-Proposed First and Final Dividend
The Board of Directors of FFB is pleased to recommend a first and final tax exempt dividend of 13.5 sen per ordinary share in respect of the financial year ended 31 December 2018. The declaration of the first and final tax exempt dividend is subject to the approval of the Company's shareholders at the forthcoming Annual General Meeting of the Company. The dividend entitlement and payment dates will be determined by the Board of Directors at a later date. This announcement is dated 26 February 2019.

Tony-Pua

FAVELLE FAVCO BERHAD

EX-date	16 Jul 2019
Entitlement date	17 Jul 2019
Entitlement time	05:00 PM
Entitlement subject	First and Final Dividend
Entitlement description	A first and final tax exempt dividend of 13.5 sen per ordinary share in respect of the financial year ended 31 December 2018.
Period of interest payment	to
Financial Year End	31 Dec 2018
Share transfer book & register of members will be	17 Jul 2019   to   17 Jul 2019 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date	29 Jul 2019
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	17 Jul 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.135

icy97

Type	Announcement
Subject	OTHERS
Description	FAVELLE FAVCO BERHAD ("FFB" or "the Company")ACCEPTANCE OF PURCHASE ORDERS
INTRODUCTION The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes Pty. Limited, Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pte Ltd had received the following purchase orders or Letter of Intent (“Contracts”) respectively from March 2019 and up to the date of announcement:- Contracts secured by Customer Brief description of the Contracts Duration of the Contracts Favelle Favco Cranes Pty. Limited Marr Contracting Pty Ltd Supply of Tower Crane which is expected to be delivered by second quarter of 2019 Favelle Favco Cranes Pty. Limited G A Caelli Holdings Trust Supply of Tower Crane which is expected to be delivered by second quarter of 2019 Favelle Favco Cranes (M) Sdn Bhd Shinwoo Development Co., Ltd. Supply of Tower Crane which is expected to be delivered by early of 2020 Favelle Favco Cranes (M) Sdn Bhd MODEC Offshore Production Systems (Singapore) Pte Ltd Supply of Offshore Crane which is expected to be delivered by early of 2020 Favelle Favco Cranes Pty. Limited BP Exploration (Caspian Sea) Ltd Supply of Offshore Crane which is expected to be delivered by first quarter of 2020 Favelle Favco Cranes Pte Ltd PTSC Mechanical & Construction Limited Company Supply of Offshore Crane which is expected to be delivered by first quarter of 2020 The approximate combined value of the above substantial orders secured amount to RM78.3 million. FINANCIAL EFFECTS The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2019 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts. DIRECTORS' STATEMENT The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts is in the best interest of FFB. This announcement is dated 15 May 2019.