【VERSATL 4995 交流专区】蔚世泰

icy97

Date of change	29 Sep 2018
Name	DATO' WONG KONG CHOONG @ LEONG KONG CHOONG
Age	48
Gender	Male
Nationality	Malaysia
Designation	Managing Director
Directorate	Executive
Type of change	Retirement

icy97

Date of change	30 Sep 2018
Name	DATO’ LEE KWEE HIANG
Age	70
Gender	Male
Nationality	Malaysia
Designation	Executive Chairman
Directorate	Executive
Type of change	Retirement

icy97

Date of change	30 Sep 2018
Name	TAN SRI DATUK SERI PANGLIMA ABDUL GANI PATAIL
Age	63
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non Executive Director
New Position	Executive Chairman
Directorate	Independent and Non Executive

icy97

Date of change	25 Oct 2018
Name	DATO SERI MOHD SHARIFF BIN OMAR
Age	71
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non Executive Director
New Position	Non Executive Chairman
Directorate	Independent and Non Executive

icy97

Date of change	25 Oct 2018
Name	TAN SRI DATUK SERI PANGLIMA ABDUL GANI PATAIL
Age	63
Gender	Male
Nationality	Malaysia
Designation	Non Executive Chairman
Directorate	Independent and Non Executive
Type of change	Resignation
Reason	To pursue and devote more time to other personal interest

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	13,767	13,147	28,914	26,580
2	Profit/(loss) before tax	-2,580	96	-6,607	120
3	Profit/(loss) for the period	-2,580	96	-6,607	120
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,580	96	-6,607	120
5	Basic earnings/(loss) per share (Subunit)	-2.00	0.08	-5.12	0.10
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 ($$)	0.4000		0.4400

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	VERSATILE CREATIVE BERHAD (''VCB'' OR THE ''COMPANY'')PROPOSED PRIVATE PLACEMENT
On behalf of the Board of Directors of VCB (“Board”), AmInvestment Bank Berhad wishes to announce that the Company proposes to undertake a private placement of up to 12,907,248 new ordinary shares in the Company, representing up to 10% of the Company’s existing issued share capital (‘‘Proposed Private Placement’’). Please refer to the attachment below for further details of the Proposed Private Placement. This announcement is dated 15 February 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6065285

Attachments Versatile - Proposed Private Placement (final).pdf

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	12,643	14,278	41,557	40,857
2	Profit/(loss) before tax	-3,882	4	-10,489	125
3	Profit/(loss) for the period	-3,888	4	-10,495	125
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,888	4	-10,495	125
5	Basic earnings/(loss) per share (Subunit)	-3.01	0.00	-8.39	0.11
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 ($$)	0.3300		0.4400

icy97

Date of change	26 Feb 2019
Name	MR GAN JIN ENG
Age	32
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 Accountancy Association of Chartered Certified Accountants (ACCA) 2 Professional Qualification Accountancy Malaysian Institute of Accountants (MIA)
Working experience and occupation	He has more than 8 years of experience in assignments related to financial due diligence reviews, investment analysis, assurance services, internal control & corporate governance reviews and other transaction advisory services.

icy97

Date of change	23 Apr 2019
Name	MR NGEW SEE ENG
Age	49
Gender	Male
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Operating Officer
Reason	To pursue his own interest

icy97

VERSATILE CREATIVE BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private placement of new ordinary shares in VCB of up to 10% of the Companys existing issued share capital
No. of shares issued under this corporate proposal	12,907,200
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.3000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	141,979,681
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 71,262,168.000
Listing Date	26 Apr 2019

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	14,110	14,346	55,667	55,203
2	Profit/(loss) before tax	-7,614	-5,812	-18,103	-5,688
3	Profit/(loss) for the period	-6,431	-6,726	-16,926	-6,602
4	Profit/(loss) attributable to ordinary equity holders of the parent	-6,431	-6,726	-16,926	-6,602
5	Basic earnings/(loss) per share (Subunit)	-4.98	-5.73	-13.11	-5.63
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 ($$)	0.3100		0.4400

icy97

Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN QUALIFIED OPINION
Description	QUALIFIED OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2019.
Basis for Qualified Opinion As disclosed in Note 20(a) to the financial statements, a professional fee of RM2,300,000 was recognised in profit or loss during the financial year including RM1,900,000 recognised as prepayments as at 31 March 2018. On 3 July 2018, the Board of Directors of the Company had appointed a Forensic Accountant to conduct an investigation on the payment transaction. The External Auditors were unable to obtain sufficient appropriate audit evidence and satisfactory explanation on the aforesaid payment. Their audit opinion on the financial statements for the financial year ended 31 March 2018 was modified accordingly. Consequently, they were unable to determine the possible effects of the matter on the comparability of the current financial year’s figures and the corresponding figures. Steps taken or proposed to be taken The Board of Director had appointed Crowe Malaysia as the Forensic Accountants to conduct an investigative audit on the payment transactions. The investigative audit commenced on 3 July 2018 and was completed on 8 August 2018. The Report found that amongst others, that there were irregularities in payments amounting to RM2,300,000 which were approved by the Company’s Managing Director and Chief Financial Officer. On 13 August 2018, the Board had issued and served the show-cause letters on the Company’s former Managing Director and former Group Chief Financial Officer relating to irregularities in payments amounting to RM 2.3 million. Up to the date of this announcement, the police investigation is still on-going and the Board is still seeking for legal advices to resolve this issue. Timeline Approximately within 1 year from now

icy97

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	13,782	15,147	13,782	15,147
2	Profit/(loss) before tax	6	-4,027	6	-4,027
3	Profit/(loss) for the period	6	-4,027	6	-4,027
4	Profit/(loss) attributable to ordinary equity holders of the parent	6	-4,027	6	-4,027
5	Basic earnings/(loss) per share (Subunit)	0.00	-3.43	0.00	-3.43
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 ($$)	0.3300		0.3100

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	PROPOSED RIGHTS ISSUE OF SHARES
On behalf of the Board of Directors of VCB, AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Company proposes to undertake a renounceable rights issue of up to 141,979,681 new ordinary shares in VCB (“VCB Share(s)”) (“Rights Share(s)”)at an issue price of RM0.23 per Rights Share, on the basis of one (1) Rights Share for every one (1) existing VCB Share held on an entitlement date to be determined later (“Proposed Rights Issue of Shares”). Please refer to the attachment for further details of the Proposed Rights Issue of Shares. This announcement is dated 27 November 2019.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3005287

Attachments Versatile - Proposed Rights Issue of Shares.pdf

icy97

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	11,823	13,767	25,604	28,914
2	Profit/(loss) before tax	-1,407	-2,580	-1,401	-6,607
3	Profit/(loss) for the period	-1,407	-2,580	-1,401	-6,607
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,407	-2,580	-1,401	-6,607
5	Basic earnings/(loss) per share (Subunit)	-0.99	-2.00	-1.00	-5.12
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 ($$)	0.3200		0.3100

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	DISPOSAL OF IRIS CORPORATION BERHAD SHARES
The Board of Directors of Versatile Creative Berhad (“VCB”) wishes to announce that its wholly-owned subsidiary, Versatile Paper Boxes Sdn Bhd (“VPB”), had, from 24 April 2019 to 18 February 2020, disposed a total of 14,057,500 ordinary shares (“Shares”) in IRIS Corporation Berhad (“ICB”) for a total cash consideration of RM2.27 million in the open market of Bursa Malaysia Securities Berhad (“Disposals”). Please refer to the attachment for the details of the Disposal. The announcement is dated 21 February 2020

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3025536

Attachments Announcement of Disposal of ICB shares 21.02.2020.pdf

icy97

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	10,299	12,643	35,904	41,557
2	Profit/(loss) before tax	-2,768	-3,882	-4,168	-10,489
3	Profit/(loss) for the period	-2,768	-3,888	-4,168	-10,495
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,768	-3,888	-4,168	-10,495
5	Basic earnings/(loss) per share (Subunit)	-1.95	-3.01	-2.96	-8.39
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 ($$)	0.3000		0.3100

icy97

VERSATILE CREATIVE BERHAD

Entitlement subject	Rights Issue
Type	Renounceable
Entitlement description	Renounceable rights issue of up to 141,979,681 new ordinary shares in Versatile Creative Berhad ("VCB") ("Rights Shares") at an issue price of RM0.23 per Rights Share, on the basis of one (1) Rights Share for every one (1) existing ordinary share in VCB held by the entitled shareholders as at 5.00 p.m. on 19 March 2020 ("Rights Issue of Shares")
Ex-Date	18 Mar 2020
Entitlement date	19 Mar 2020
Entitlement time	5:00 PM
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	19 Mar 2020
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)
Rights Issue/Offer Price	Malaysian Ringgit (MYR) 0.2300
Par Value (if applicable)
Entitlement indicator	Ratio
Entitlement Details
Company Name	VERSATILE CREATIVE BERHAD
Entitlement	Ordinary Rights
Ratio (New:Existing)	1.0000  : 1.0000
Rights Crediting Date	19 Mar 2020

Despatch Date	23 Mar 2020
Date for commencement of trading of rights	20 Mar 2020
Date for cessation of trading of rights	27 Mar 2020
Date for announcement of final subscription result and basis of allotment of excess Rights Securities	20 Apr 2020
Last date and time for :
Sale of provisional allotment of rights	26 Mar 2020 05:00 PM
Transfer of provisional allotment of rights	30 Mar 2020 04:30 PM
Acceptance and Payment	03 Apr 2020 05:00 PM
Excess share application and payment	03 Apr 2020 05:00 PM
Available/Listing Date	28 Apr 2020

Remarks :
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company's abridged prospectus dated 19 March 2020 ("Abridged Prospectus"), where applicable, unless stated otherwise or defined herein.)


We refer to the announcement dated 5 March 2020 in relation to the Important Relevant Dates for Renounceable Rights Issue wherein the (i) the date for announcement of the final subscription result and basis of allotment of excess Rights Shares as well as (ii) the listing date of the Rights Shares, were set on 9 April 2020 and 17 April 2020 respectively.


Shareholders of VCB are also advised to refer to the separate announcement made by the Company on 3 April 2020, which provides, inter-alia, an update of the impact of Covid-19 and Movement Control Order ("MCO") on the Group as well as the voluntary offer made by the Company to shareholders who had subscribed for the Rights Shares and/or excess Rights Shares to withdraw their application ("Voluntary Withdrawal Offer").  Further details of the Voluntary Withdrawal Offer together with the forms have been enclosed in the said announcement.


In light of the recent implementation of a nationwide MCO issued by the Government of Malaysia under the Prevention and Control of Infectious Diseases Act 1988 and the Police Act 1967 which is effective until 14 April 2020 (as at the date of this announcement) and to facilitate the Voluntary Withdrawal Offer, VCB had submitted an application for an extension of time to comply with Paragraph 6.28 of the Listing Requirements in respect of the last date for the allotment and issuance of Rights Shares to 24 April 2020 or eight (8) market days after the MCO is being lifted (if there is any further extension of the MCO beyond 14 April 2020), whichever is applicable. The application was approved by Bursa Securities on 3 April 2020.


As a consequence thereto, the date for the announcement of the final subscription result and basis of allotment of excess Rights Shares and the listing date of the Rights Shares are revised to 20 April 2020 and 28 April 2020, respectively.
       
For the avoidance of doubt, the last date and time for the (i) acceptance and payment and (ii) excess share application and payment remained unchanged at 5.00 p.m. on 3 April 2020, as specified in the Abridged Prospectus.

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	Rights Issue of Shares
Unless otherwise stated, definitions used herein shall have the same meaning as those defined in VCB’s Circular dated 31 January 2020, VCB’s Abridged Prospectus dated 19 March 2020 and announcements dated 3 April 2020 and 13 April 2020, respectively, in relation to the Rights Issue of Shares. On behalf of the Board, AmInvestment Bank is pleased to announce that as at the closing of acceptance, excess application and payment for the Rights Issue of Shares at 5.00 p.m. on 3 April 2020 (“Closing Date”), VCB had received valid acceptances and excess applications for a total of 112,655,537 Rights Shares, representing a subscription rate of 79.35% over the total number of 141,979,681 Rights Shares available for subscription. Details of the valid acceptances and excess applications received as at the Closing Date are as follows:- Number of Rights Shares As a percentage of the total Rights Shares available for subscription Total valid acceptances 51,891,750 36.55% Total valid excess applications 60,763,787 42.80% Total valid acceptances and excess applications 112,655,537 79.35% Total number of Rights Shares available for subscription 141,979,681 100.00% Not subscribed for 29,324,144 20.65% For the avoidance of doubt, the Share Registrar of the Company did not receive any withdrawal application from the Subscribing Shareholders by 17 April 2020, being the closing date for the Voluntary Withdrawal Offer announced by the Company on 3 April 2020. Notwithstanding that the Rights Issue of Shares is under-subscribed, the Company has successfully raised a total gross proceeds of RM25.91 million, which is above the minimum gross proceeds of RM9.00 million to be raised under the Minimum Subscription Level. In view that the Rights Issue of Shares was not fully-subscribed, the Board has decided to allot the Rights Shares to all the applicants who have applied for the Rights Shares and excess Rights Shares in full. The Rights Shares are expected to be listed and quoted on the Main Market of Bursa Securities on 28 April 2020. This announcement is dated 20 April 2020.