【HANDAL 7253 交流专区】宏达

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HANDAL - CHANGE OF NAME FROM HANDAL RESOURCES BERHAD TO HANDAL ENERGY BERHAD

HANDAL RESOURCES BERHAD

Kindly be advised that the aforesaid Company has changed its name to "HANDAL ENERGY BERHAD​”. As such, the Company's shares will be traded and quoted under the new name with effect from 9.00 a.m., Thursday, 22 August 2019, as follows:

Old Name	New Name
HANDAL RESOURCES BERHAD	HANDAL ENERGY BERHAD

The Stock Number and Stock Short Name remain unchanged.

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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
		Three Months	Three Months	Eighteen Months	Eighteen Months
		01 Apr 2019 To	01 Apr 2018 To	01 Jan 2018 To	01 Jan 2017 To
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	16,482	0	81,502	0
2	Profit/(loss) before tax	-13,413	0	-25,565	0
3	Profit/(loss) for the period	-13,488	0	-25,607	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-14,675	0	-25,792	0
5	Basic earnings/(loss) per share (Subunit)	-7.68	0.00	-14.58	0.00
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 ($$)	0.4300		0.6000

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Type	Announcement
Subject	OTHERS
Description	HANDAL ENERGY BERHAD (FORMERLY KNOWN AS HANDAL RESOURCES BERHAD) - AWARD OF CONTRACT
1. INTRODUCTION Handal Energy Berhad (formerly known as Handal Resources Berhad) (“Handal” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Handal Cranes Sdn Bhd (formerly known as Handal Offshore Services Sdn Bhd) (“Handal Cranes”), has been awarded a contract for the Provision of Offshore Crane Operations and Maintenance Services for SSB/SSPC (“Contract”) from Sarawak Shell Berhad (“SSB”) and Sabah Shell Petroleum Company Limited (“SSPC”). 2. DETAILS ON THE CONTRACT The Contract entails the provision of operations, maintenance, repair services and provision of manpower services for a total of 29 offshore cranes under SSB and SSPC located off the waters of Sarawak and Sabah. The duration of the Contract is for a period of two (2) years, commencing from 15 October 2019, with an extension option of one (1) year. The Contract does not have a specified value as it is on a “call-out” basis whereby the work orders will be awarded at the discretion of SSB/SSPC based on its activity schedule and maintenance and repair schedule throughout the duration of the Contract. 3. FINANCIAL EFFECTS The Contract will not have any effect on the share capital and shareholding structure of the Company. The Contract is expected to contribute positively to the earnings of Handal and its subsidiaries (“Group”) for the financial year ending (“FYE”) 30 June 2020 and subsequently until the expiry of the Contract. The Contract is not expected to have any material effect on the net assets of Group for the FYE 30 June 2020. 4. RISKS IN RELATION TO THE CONTRACT The Group foresees, amongst others, the risk factors affecting the Contract includes delays in issuing of work orders by SSB/SSPC. The execution of services under the Contract depends on work orders to be issued by SSB/SSPC from time to time. Hence, any delay in issuing work orders will lead to delay in the recognition of revenue from the Contract. 5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of Handal has any direct or indirect interest in the Contract. 6. STATEMENT BY DIRECTORS The Board of Directors of the Company is of the opinion that the Contract is in the ordinary course of business and is in best interest of the Company. This announcement is dated 30 September 2019.

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HANDAL ENERGY BERHAD

Date of change	11 Oct 2019
Name	MR JOEL EMANUEL HEANEY
Age	56
Gender	Male
Nationality	United States
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Due to his family commitments in the USA. Mr Heaney will continue to act as Non-Executive Chairman of Handal Cranes Sdn Bhd (formerly known as Handal Offshore Services Sdn Bhd), a wholly-owned subsidiary of the Company.

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HANDAL ENERGY BERHAD

Particulars of substantial Securities Holder

Name	SEAOFFSHORE CAPITAL SDN BHD
Address	BLOCK B, LOT 2, 3RD FLOOR SEDCO COMPLEX PO BOX 11930 KOTA KINABALU 11930 Sabah Malaysia.
Company No.	904578-X
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	07 Nov 2019	11,000,000	Acquired	Direct Interest
	Name of registered holder	SeaOffshore Capital Sdn Bhd
	Address of registered holder	Block B, Lot 2, 3rd Floor, SEDCO Complex, Kg. Air, PO Box 11930, 88821 Kota Kinabalu, Sabah
	Description of "Others" Type of Transaction
2	07 Nov 2019	11,000,000	Disposed	Deemed Interest
	Name of registered holder	Borneo SeaOffshore Sdn Bhd
	Address of registered holder	Block B, Lot 2, 3rd Floor SEDCO Complex Kg. Air, PO Box 11930 88821 Kota Kinabalu, Sabah
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	1. Acquired of shares via direct business transaction (Direct Interest)2. Disposed of shares via direct business transaction (Indirect Interest)
Nature of interest	Direct and Indirect Interest
Direct (units)	62,157,100
Direct (%)	28.445
Indirect/deemed interest (units)	6,790,000
Indirect/deemed interest (%)	3.107
Total no of securities after change	68,947,100
Date of notice	08 Nov 2019
Date notice received by Listed Issuer	08 Nov 2019

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Notice of Person Ceasing (Section 139 of CA 2016)

HANDAL ENERGY BERHAD

Particulars of Substantial Securities Holder

Name	BORNEO SEAOFFSHORE SDN BHD
Address	BLOCK B, LOT 2, 3RD FLOOR SEDCO COMPLEX PO BOX 11930 KOTA KINABALU 11930 Sabah Malaysia.
Company No.	684513-D
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Date of cessation	07 Nov 2019
Name & address of registered holder	BORNEO SEAOFFSHORE SDN BHDBLOCK B, LOT 2,3RD FLOOR SEDCO COMPLEX,PO BOX 11930KOTA KINABALUSABAH

No of securities disposed	11,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposed of shares via direct business transaction
Nature of interest	Direct Interest
Date of notice	08 Nov 2019
Date notice received by Listed Issuer	08 Nov 2019

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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	32,328	11,508	32,328	0
2	Profit/(loss) before tax	3,178	-6,042	3,178	0
3	Profit/(loss) for the period	3,178	-6,009	3,178	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,407	-4,418	1,407	0
5	Basic earnings/(loss) per share (Subunit)	1.45	-3.76	1.45	0.00
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 ($$)	0.4700		0.4400

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HANDAL ENERGY BERHAD

Date of change	01 Jan 2020
Name	MR TERRY BIUSING
Age	52
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Independent Director
New Position	Executive Director
Directorate	Executive

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer
Any conflict of interests that he/she has with the listed issuer
Details of any interest in the securities of the listed issuer or its subsidiaries

Remarks :

Mr. Terry Biusing is appointed as Group Chief Operating Officer of the Company with effect from 1 January 2020.

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HANDAL ENERGY BERHAD

Date of change	01 Mar 2020
Name	YM TENGKU MUNAWIR ISLAHUDDIN BIN TENGKU NOONE AZIZ
Age	44
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	BACHELOR DEGREE BUSINESS ADMINISTRATION	WICHITA STATE UNIVERSTY

Working experience and occupation

He started his career in 1999 as a business development manager at Aranium Sdn Bhd and has 21-years experience in various companies prior to joining Handal as Executive Vice President, Corporate Affairs inAugust 2019. He is also a director in Seaoffshore Capital Sdn Bhd, a major shareholder of the Company, since 2010.His past working experiences include in banking merger consultancy and bank merger hardware rollout, sales and marketing of security surveillance systems and solutions, knowledge management system and practices consultancy and project management for IBM's business partners with end users in Governmental and oil & gas companies.

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Date of change	01 Mar 2020
Name	ENCIK MALLEK RIZAL BIN MOHSIN
Age	53
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Vice Chairman
New Position	Non Executive Director
Directorate	Non Independent and Non Executive

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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	26,252	15,190	58,580	0
2	Profit/(loss) before tax	697	-1,991	3,875	0
3	Profit/(loss) for the period	697	-1,995	3,875	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,285	-1,886	2,692	0
5	Basic earnings/(loss) per share (Subunit)	0.32	-1.25	1.77	0.00
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 ($$)	0.4800		0.4400

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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	12,742	9,234	71,322	0
2	Profit/(loss) before tax	-10,483	-2,923	-6,608	0
3	Profit/(loss) for the period	-10,547	-2,919	-6,672	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-10,591	-2,870	-7,899	0
5	Basic earnings/(loss) per share (Subunit)	-4.83	-1.83	-3.05	0.00
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 ($$)	0.4300		0.4400

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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	16,022	16,482	87,344	0
2	Profit/(loss) before tax	-19,699	-13,413	-26,307	0
3	Profit/(loss) for the period	-19,678	-13,488	-26,350	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-17,389	-14,675	-25,288	0
5	Basic earnings/(loss) per share (Subunit)	-7.96	-8.35	-11.57	0.00
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 ($$)	0.3500		0.4400

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Type	Announcement
Subject	OTHERS
Description	HANDAL ENERGY BERHAD - MUTUAL WITHDRAWAL FROM CONTRACT
1. INTRODUCTION The Board of Directors of Handal Energy Berhad (“Handal” or the “Company” and formerly known as Handal Resources Berhad) wishes to announce that the unincorporated joint venture between Borneo Seaoffshore Engineering Sdn Bhd and Handal Engineering Sdn Bhd (the “Joint Venture”), has voluntarily withdrawn from its contract with PETRONAS Carigali Sdn Bhd (“PETRONAS”) for the Provision of Water Injection Module Supply on Mobile Offshore Unit for Mobile Water Injection Facilities – Package 4 (“the Contract”). 2. DETAILS ON THE CONTRACT WITHDRAWAL On 24 June 2019, Handal announced that the Joint Venture had been awarded the Contract. Under the terms of the Contract, the Joint Venture was required to furnish a mobile offshore unit with water injection facilities (“the Package”) by March 2020.  The Joint Venture awarded a contract to a third party (“Contractor”) for the construction of the Package with the use of Mono Column technology by Brian Chang. The Contractor failed to deliver within the Contract stipulated timeline and consequently, both PETRONAS and the Joint Venture have mutually agreed for the Joint Venture to voluntarily withdraw from the Contract (“Contract Withdrawal”) pursuant to which the Joint Venture has executed a contract closure certificate on 24 July 2020. The terms of the withdrawal provide for PETRONAS and the Joint Venture to fully release each other from all obligations under the Contract and from and against any claims, liabilities, losses, costs, expenses and damages arising or resulting from the Contract Withdrawal. 3. FINANCIAL EFFECTS The Company has impaired RM10.6 million in respect of investments for the Contract and advances to the Contractor which has been recognised in the financial year ended 30 June 2020. The Joint Venture is seeking to recover monies paid to the Contractor for the construction of the Package and will release a further announcement on this matter. 4. STATEMENT BY DIRECTORS Handal Board of Directors is of the opinion that the Contract Withdrawal serves the best interest of shareholders and the Company. This announcement is dated 1 September 2020.

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Type	Announcement
Subject	MATERIAL LITIGATION
Description	HANDAL ENERGY BERHAD - Legal Suit by Handal Energy Berhad against Brian Chang, Tracy Chang, Emily Soon Wai Chin, Calm Oceans Pte Ltd and Brian Chang Holdings Ltd
The Board of Directors of Handal Energy Berhad (“Handal” or “the Company”) wishes to announce the commencement of a legal suit against Brian Chang, Tracy Chang, Emily Soon Wai Chin, Calm Oceans Pte Ltd and Brian Chang Holdings Ltd (collectively referred to as the “Litigation Defendants”) for deceit and negligent mis-statement. On 19 September 2019, the Company, its subsidiary Calm Oceans Sdn Bhd (“COSB”) and Singapore Oil & Energy Pte Ltd entered into a shareholder’s agreement to incorporate a jointly controlled company in Malaysia, namely Handal Oceans Assets Sdn Bhd (“HOASB”), to own and to undertake the construction of a patented asset known as the “Mono-Column Platform” (“MCP”) in connection with a Letter of Award from Petronas Carigali Sdn Bhd to Borneo Seaoffshore Engineering Sdn Bhd – Handal Engineering Sdn Bhd JV (“BSHJV”) for the Provision of Water Injection Module Supply on Mobile Offshore Unit for Mobile Water Injection Facilities – Package 4 (“LOA”) as announced by the Company on 24 June 2019. Handal Energy Berhad and its two subsidiaries, Borneo Seaoffshore Engineering Sdn Bhd and Handal Engineering Sdn Bhd (the “Plaintiffs”) have filed legal suit against the Litigation Defendants in the High Court of Malaya for negligent misstatement and deceit on 3 August 2020. The suit is premised on, among others the Litigation Defendants misleading the Plaintiffs on the total capital expenditure of the MCP. The Plaintiffs relied on the Litigation Defendants’ misleading representations which adversely impacted the price BSHJV offered the MCP to  Petronas Carigali causing the Plaintiffs to suffer loss and damage. The Plaintiffs are seeking, among others, the following relief from the Court:- i) Special damages amounting to the Plaintiffs’ investment being RM10,589,823.00; ii) Special damages amounting to the Plaintiffs’ expenses being RM1,676,121.91; iii) General damages of RM140,153,860.03; iv) Aggravated damages to be assessed and/or determined by the Court; v) Interest at 5% per annum from 27.9.2020 until full settlement; and vi) Costs. The Plaintiffs solicitors are in the process of serving the court documents on the Litigation Defendants at their respective addresses.  The Court has fixed a case management date on 4 September 2020 to update the Court on all matters pertaining to this suit. The Company is closely monitoring the progress of the above litigation and will make further announcement(s) as and when appropriate if there is any significant development in respect of this matter. This announcement is dated 1 September 2020.

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-02092020-00001
Subject	LEGAL SUIT BY HANDAL ENERGY BERHAD AGAINST BRIAN CHANG, TRACY CHANG, EMILY SOON WAI CHIN, CALM OCEANS PTE LTD AND BRIAN CHANG HOLDINGS LTD (SUIT)
Description	HANDAL ENERGY BERHAD - Legal Suit by Handal Energy Berhad against Brian Chang, Tracy Chang, Emily Soon Wai Chin, Calm Oceans Pte Ltd and Brian Chang Holdings Ltd
Query Letter Contents	We refer to your Company’s announcement dated 1 September 2020, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1.     The estimated potential liability to the group arising from the Suit. 2.     The financial and operational impact to the group.
(Unless otherwise stated, the terms used herein shall have the same meaning as defined in the announcement in relation to the Legal Suit by Handal Energy Berhad against Brian Chang, Tracy Chang, Emily Soon Wai Chin, Calm Oceans Pte Ltd and Brian Chang Holdings Ltd dated 1 September 2020) We make reference to the announcement dated 1 September 2020 in relation to the above matter. The Board of Directors of Handal Energy Berhad ("Handal" or "the Company") wishes to announce the following additional information:- 1. The estimated potential liability to the group arising from the Suit As at the date of this announcement, Handal and its subsidiaries (“Handal Group”) does not foresee any potential liability arising from the Suit. 2. The financial and operational impact to the group. The Suit, if successful, will allow the Plaintiffs’ to recover monies invested to undertake the construction of the MCP in connection with the LOA amounting to approximately RM10.6 million as well as additional reliefs sought from the Court as detailed out below:- i) Special damages amounting to the Plaintiffs’ investment being RM10,589,823.00; ii) Special damages amounting to the Plaintiffs’ expenses being RM1,676,121.91; iii) General damages of RM140,153,860.03; iv) Aggravated damages to be assessed and/or determined by the Court; v) Interest at 5% per annum from 27.9.2020 until full settlement; and vi) Costs. The Suit itself does not have any operational impact to the Group. However, as announced on 1 September 2020, due to the non-delivery of obligations under the LOA within the stipulated timeline, both Petronas Carigali Sdn Bhd (“PETRONAS”) and BSHJV have mutually agreed for BSHJV to voluntarily withdraw from the contract (“Contract Withdrawal”). The terms of the withdrawal provide for PETRONAS and BSHJV to fully release each other from all obligations under the contract and from and against any claims, liabilities, losses, costs, expenses and damages arising or resulting from the Contract Withdrawal. As announced on 1 September 2020, the Handal Group has impaired RM10.6 million, in respect of investments and advances to the contractor for the MCP, which has been recognised in the financial year ended 30 June 2020. This announcement is dated 3 September 2020.

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HANDAL ENERGY BERHAD

Particulars of substantial Securities Holder

Name	SEAOFFSHORE CAPITAL SDN BHD
Address	BLOCK B, LOT 2 3RD FLOOR SEDCO COMPLEX PO BOX 11930 KOTA KINABALU 11930 Sabah Malaysia.
Company No.	201001020808 (904578-X)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	01 Oct 2020	17,000,000	Disposed	Direct Interest
	Name of registered holder	SeaOffshore Capital Sdn Bhd
	Address of registered holder	Block B, Lot 2, 3rd Floor SEDCO Complex Kg. Air, PO Box 11930 88821 Kota Kinabalu, Sabah
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares via off market transaction
Nature of interest	Direct Interest
Direct (units)	44,957,100
Direct (%)	20.57
Indirect/deemed interest (units)	6,300,000
Indirect/deemed interest (%)	2.88
Total no of securities after change	51,257,100
Date of notice	02 Oct 2020
Date notice received by Listed Issuer	02 Oct 2020

Name	MR SUNILDEEP SINGH DHALIWAL
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	01 Oct 2020	17,000,000	Acquired	Direct Interest
	Name of registered holder	Sunildeep Singh Dhaliwal
	Description of "Others" Type of Transaction
2	01 Oct 2020	17,000,000	Disposed	Deemed Interest
	Name of registered holder	SeaOffshore Capital Sdn Bhd
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	1. Acquired shares via off market transaction2. Disposal of shares by SeaOffshore Capital Sdn Bhd via off market transaction
Nature of interest	Direct and Indirect Interest
Direct (units)	17,605,100
Direct (%)	8.06
Indirect/deemed interest (units)	51,257,100
Indirect/deemed interest (%)	23.46
Total no of securities after change	68,862,200
Date of notice	02 Oct 2020
Date notice received by Listed Issuer	02 Oct 2020

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Type	Announcement
Subject	OTHERS
Description	HANDAL ENERGY BERHAD - AWARD OF CONTRACT
1. INTRODUCTION Handal Energy Berhad (“Handal” or the “Company”) is pleased to announce that Handal Cranes Sdn Bhd (formerly known as Handal Offshore Services Sdn Bhd) (“Handal Cranes”), a wholly owned subsidiary of Handal, had on 15 September 2020 received a letter of award from Carigali Hess Operating Company Sdn Bhd (“Contract”). 2. DETAILS ON THE CONTRACT SECURED The Contract is for a duration of 3 years with an additional 2 years extension option commencing from 15 September 2020 for the Provision For Pedestal Crane Inspection And Maintenance Services. 3. FINANCIAL EFFECTS The Contract will not have any effect on the share capital and shareholding structure of the Company. The Contract is not expected to have any material effect on the net assets of Handal and its subsidiaries (“Handal Group”) for the financial year ending (“FYE”) 30 June 2021. The Contract is expected to contribute positively to the earnings of Handal Group for the FYE 30 June 2021 and in subsequent FYE’s until the expiry of the Contract. 4. RISKS IN RELATION TO THE CONTRACT The Contract is not expected to expose the Handal Group to any new risk factors as the Handal Group is already actively involved in the provision of offshore crane inspection and maintenance services. 5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of Handal has any direct or indirect interest in the Contract. 6. APPROVALS REQUIRED The Contract is not subject to the approval of the shareholders of the Company or any regulatory authorities. 7. STATEMENT BY DIRECTORS The Board of Directors of the Company is of the opinion that the Contract is in the ordinary course of business and is in best interest of the Company. This announcement is dated 13 October 2020.

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Type	Announcement
Subject	OTHERS
Description	HANDAL ENERGY BERHAD - AWARD OF CONTRACT
1. INTRODUCTION Handal Energy Berhad (“Handal” or the “Company”) is pleased to announce that Handal Cranes Sdn Bhd (formerly known as Handal Offshore Services Sdn Bhd) (“Handal Cranes”), a wholly owned subsidiary of Handal, had on 3 August 2020 received a letter of award from EnQuest Petroleum Production Malaysia Ltd (“Contract”). 2. DETAILS ON THE CONTRACT SECURED The Contract is for a duration of 3 years with an additional 1 year extension option commencing from 3 August 2020 for the Provision of Ad-Hoc Offshore Crane Operator Services. 3. FINANCIAL EFFECTS The Contract will not have any effect on the share capital and shareholding structure of the Company. The Contract is not expected to have any material effect on the net assets of Handal and its subsidiaries (“Handal Group”) for the financial year ending (“FYE”) 30 June 2021. The Contract is expected to contribute positively to the earnings of Handal Group for the FYE 30 June 2021 and in subsequent FYE’s until the expiry of the Contract. 4. RISKS IN RELATION TO THE CONTRACT The Contract is not expected to expose the Handal Group to any new risk factors as the Handal Group is already actively involved in the provision of offshore crane services. 5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of Handal has any direct or indirect interest in the Contract. 6. APPROVALS REQUIRED The Contract is not subject to the approval of the shareholders of the Company or any regulatory authorities. 7. STATEMENT BY DIRECTORS The Board of Directors of the Company is of the opinion that the Contract is in the ordinary course of business and is in best interest of the Company. This announcement is dated 14 October 2020.

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Type	Announcement
Subject	OTHERS
Description	HANDAL ENERGY BERHAD - AWARD OF CONTRACT
1. INTRODUCTION Handal Energy Berhad (“Handal” or the “Company”) is pleased to announce that Handal Cranes Sdn. Bhd. (formerly known as Handal Offshore Services Sdn. Bhd.) (“Handal Cranes”), a wholly owned subsidiary of Handal, has secured a new contract from Mubadala Petroleum’s entity, MDC Oil & Gas (SK320) Ltd. (“Mubadala Petroleum”) (“Contract”).   2. DETAILS ON THE CONTRACT SECURED The letter of award for the Contract was received by Handal Cranes on 29 July 2020 and Mubadala Petroleum’s approval to announce the Contract was obtained on 19 October 2020. The Contract is for a duration of four (4) years for the Provision of Offshore Pedestal Cranes Maintenance Services and Spare Parts. The Contract does not have a specified value as it is on a “call-out” basis whereby the work orders are issued at the discretion of the client based on their activity schedules and rates throughout the duration of the Contract. 3. FINANCIAL EFFECTS The Contract will not have any effect on the share capital and shareholding structure of the Company. The Contract is not expected to have any material effect on the net assets of Handal and its subsidiaries (“Handal Group”) for the financial year ending (“FYE”) 30 June 2021. The Contract is expected to contribute positively to the earnings of Handal Group for the FYE 30 June 2021 and subsequently until the expiry of the Contract. 4. RISKS IN RELATION TO THE CONTRACT The Contract is not expected to expose the Handal Group to any new risk factors as the Handal Group is already actively involved in the provision of offshore crane maintenance. 5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of Handal have any direct or indirect interests in the Contract. 6. APPROVALS REQUIRED The Contract is not subject to the approval of the shareholders of the Company or any regulatory authorities. 7. STATEMENT BY DIRECTORS The Board of Directors of the Company is of the opinion that the Contract is in the ordinary course of business and is in best interest of the Company. This announcement is dated 20 October 2020.

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icy97 发表于 14-5-2019 07:34 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6128037

Type	Announcement
Subject	OTHERS
Description	HANDAL ENERGY BERHAD ("HANDAL" OR THE "COMPANY")- ACQUISITION BY HANDAL OF 408,000 ORDINARY SHARES OF BORNEO SEAOFFSHORE ENGINEERING SDN BHD ("BSO ENGINEERING"), REPRESENTING 51.0% EQUITY INTEREST IN BSO ENGINEERING FROM SEAOFFSHORE CAPITAL SDN BHD
Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 16 April 2019 in relation to the Proposed Acquisition. We make reference to the announcements dated 16 April 2019, 30 May 2019, 3 July 2019 and 13 August 2019 in relation to the above matter. The Board of Directors of Handal (“Board”) wish to announce that the audited loss after tax of BSO Engineering for the financial year ended 30 June 2020 is RM533,139 and this represents a shortfall from the Guaranteed Amount of RM5,000,000 as per the terms of the SSA. The Company had on even date received a letter from Seaoffshore Capital Sdn Bhd (“Seaoffshore Capital”), requesting for an extension of time to meet the Guaranteed Amount citing the unprecedented effects of the COVID-19 pandemic which has affected their clients activities schedule and execution of their contracts (“EOT Request”). A formal proposal on the EOT Request will be submitted by Seaoffshore Capital within the next two (2) weeks. Upon receipt of the formal proposal, the Board (save for the Interested Directors) will be evaluating and deliberating the EOT Request. Any deviation from the SSA, where necessary, shall be put forth to the non-interested shareholders of the Company for approval in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The Company will make further announcement(s) as and when appropriate upon any development in respect of this matter. This announcement is dated 30 October 2020