【MUDA 3883 交流专区】慕达

海贼火影猎人

Core Business Activities业务模式
Muda Holdings Berhad core business activities:

• Collection and trading of wastepaper （废纸回收和贸易）
• Recycling of wastepaper into various types of paper for industrial application （造纸）
• Manufacturing of paper products such as:- （产品种类）
  • Corrugated cartons for general packaging （纸盒）
  • Multi-wall paper bags for agricultural, building, food-based and chemical industries
  • PE Laminated paper for food and industrial application
  • Flat, satchel and SOS (Self Opening Style) paper bags for fast food and retail outlets
  • Paper pallets and honeycomb materials for packaging and furniture industries
• Paper-based stationery products （纸质文具）
• Trading in paper and paper-related products （纸质类贸易）
• Design, fabrication and manufacture of heavy machinery （设计及制造机械）
• Investments and management services（投资和管理）

公司MD 林源德/还是林德源？？？？

股价的变动
长期在0.35左右交易直到20080321开始慢慢上升。。。。。。。现在为0.79左右这半年升了大概125％。



大股东有
：DATIN KHOO SAW SIM 间接持有20%
：LIM & KHOO SDN BHD 直接持有18.38％
：ASIA FILE CORPERATION 直接持有1.72% 和间接持有18.35%
：LIM WAN HUI直接或间接持有39.67％

上述大股东分别在今年3月到8月个别增持7～10％股份。

业绩：
2006：营业额：613m －－EPS 是亏损8.07sen （派息2sen）
2007：营业额：696m－－EPS 是5.89sen （派息2.5sen）
2008 第一季度 营业额：188m －－EPS 是6.58sen

重点就是第一季度赚了比去年一整年还多。。。
大股东还持续买进。。。。。。。。

行业前景：

造纸板块:行业利润率创新高
http://www.sina.com.cn  2008年08月07日 16:26  中国证券网


　　纸价进一步上涨令毛利率回升
　　07年10月至今年1月国信纸业价格指数稳定在1.11~1.13，原料价格的上涨令行业毛利率回落；1~5月份价格指数不断攀升至1.29，行业毛利率由12.7%回升至13.5%。当前个别纸种价格出现松动，除了白卡属项目投产形成供求关系改变外，文化纸则主要因流通市场库存释放而价格略降。
　　行业利润率创历史新高
　　行业利润率在07年11月创出5.8%的历史新高后，今年5月进一步创下6.0%的新高。同时，行业各类资产的年化收益率也走上历史高位。低毛利率下行业盈利能力上升得益于经营效率的提高和费用控制有力，而吨纸毛利维持在710~745元的高位也易于高利润率的形成。
　　重申行业景气至少延续至2010年
　　此次纸业景气源于政策，而政策至今的执行效果仍在预期中，当前个别纸价松动与政策无关，它们或由过往获批的项目陆续投产导致供需趋缓，或由流通环节库存释放所致。07年下半年以来国家和地方发改委新批项目有限预示未来供求关系会更加有利。因此，非供求关系引发的价格下跌不会持续，幅度也将有限，总体不会改变行业景气趋势，只是令景气暂时"歇歇脚"。
　　维持行业及公司评级
　　景气趋势因决定公司盈利预期一直是我们选择投资标的的重要指标。尽管未来三年林浆纸产业链总体景气，但近期造纸环节中个别纸种景气预期下降令相关车间型公司未来盈利预期出现不利的变化，投资标的越发指向上游业务集中的公司。我们维持对行业"谨慎推荐"的投资评级，维持对岳阳纸业(10.61,0.00,0.00%,吧)"未评级"的评级，维持对晨鸣纸业(10.60,0.08,0.76%,吧)、景兴纸业(5.90,-0.10,-1.67%,吧)"推荐"的投资评级和对华泰股份(13.11,0.26,2.02%,吧)、太阳纸业(16.85,0.00,0.00%,吧)、博汇纸业(9.22,0.08,0.88%,吧)、银鸽投资(6.53,0.01,0.15%,吧)"谨慎推荐"的投资评级。

“参考参考吧”
我的看法：
纸张行业对经济衰退的敏感度不大，原因有：
教育事业的需求（作业本，课本等等）
成本比较可以控制（回收价格低）
工业用的纸质品（如纸盒类）可能受较大的影响。

但是现在升了1。25翻.。。。。可能切入点要小心。。
注意时机。。。。

欢迎交流交流。。。。谢谢

tn728202

海外業務是多大？
它主要是本地市場還是?

scsiang82

KENANGA RESEARCH Company Update
12 August 2008

Visit to appreciate

We visited Muda’s 55-acres paper mill and corrugated plant in Kajang and were impressed by the extensive infrastructure supporting the paper mill operation.

Below are some key takeaways:
-> The largest domestic industrial paper manufacturer with a combined annual paper production of 324,000MT from its Kalang and Tasek mills. Muda’s main product range include medium and liners used in carton production, grey chip board used for book and file covers, and core board used in consumers and industrial rolled products. Apart from paper milling, Muda also operates 6 corrugated plants producing c.100,000MT corrugated cartons per annum. Other business includes trading of stationary products.

-> Extremely high entry barrier for paper milling business. Start up capital for a paper mill is estimated at between RM500 m – RM 1billion based on the latest sale of Genting Sanyen Industrial Paper to Paperbox transacted at RM745m in 2007. Current start up cost for a new paper mill is even higher given rising building
material and machinery costs.

-> Wastepaper collection, an essential part of the value chain as wastepaper forms the largest cost component at 45% of production cost. Conversion rate is at 1.2MT of wastepaper to 1MT of paper. Muda’s wholly owned subsidiary – Central Malaya Paper (CMP) is the most established wastepaper collector in the country with extensive networks in Penang, Perak, Selangor, Melaka and Johor. CMP collects various types of wastepaper including old corrugated carton, old newspaper and old white paper. Annual collection of c.400,000MT is more than sufficient to fulfil Muda’s wastepaper needs with an excess of 3,000-5,000MT wastepaper for sale monthly.

-> A mini Syabas, IPP and IWK - all in MUDA! Given the large amount of water need to be mixed with wastepaper in paper production, Muda treats water drawn from the nearby Sg. Langat in its own water treatment plant. The treatment process is the same as adopted in Syabas except for chlorination as it is not meant for human consumption. We also visited the 9.6MW gas-powered combined heat and power plant (CHP) which supplies both power and heat to the paper mill. The CHP is an efficient plant as heat generated in the power generation process is channelled back to the paper mill for steaming and drying of paper, unlike other IPPs where heat generated is unutilised and substantial cooling is necessary to reduce heat and temperature. Muda also has an effluent treatment plant which is showcased by the Department of Environment (DOE) as an exemplary plant with high effluent control criteria.

Outlook and Recommendation

-> Rising carton sales in 1H08 with volume increased by a remarkable 16% yoy as reported by the Federal of Malaysian Manufacturers (FMM) mainly due to relocation of some multinational companies (MNC) plants such as Panasonic and Carrier Air-conditioner back to Malaysia from China. The relocations stemmed from lax enforcement in intellectual rights and quality issues leading to loss of pricing control and brand equity. Pricing environment is becoming more benign post industry consolidation when Genting and Sime’s packaging businesses were sold to foreign firms. We were also made to understand that GS Paper & Packaging (formerly Genting Sanyen Industrial Paper) competitive edge is partly blunted as it now need to purchase steam from Genting Sanyen IPP when previously it could obtain steam at a minimal cost.

-> Reiterate BUY. Trading at a very undemanding FY08 PER of 3.5x. Our target price of RM1.20 is maintained based on 5.5x FY08F which is at a substantial 40% discount to the region’s 9.0x. We are confident that the valuation gap should narrow with increased investor’s familiarity with the industry and management. Our forecast remained conservative as we have yet to factor any contribution from the carton division which is fast turning around. Moreover, recent acquisition of 20% stake in Muda by Asiafile (BUY; TP:
RM6.00) a customer of Muda serves as a strong testimony to the group’s management capability and business model. Additional re-rating catalysts could include higher than expected paper prices and potential capacity increase. Risk averse investors should be comforted that group has consistently paid dividend
for the past 20 years and we are expecting a higher 3sen dividend vs 2.5sen in FY07, translating into yield of 3.9%.

海贼火影猎人

感谢。。。。。我看下asiafile的盈利会好吗。。。如果好的话，估计此股也不差。。。

scsiang82

KENANGA RESEARCH Company Update
12 August 2008


Carton return to black

-〉1H08 revenue of RM403.5m was 4.1% ahead of our forecast while RM34.7m net profit was 54.6% of our estimate. Stronger than expected results were driven by higher average selling prices, turnaround of carton and continuous operational improvements made by management.

-〉QoQ, revenue rose 14.5% but EBIT was slightly lower by 3.3% on the back of higher raw material prices including wastepaper cost (+4%) and chemical costs including starch (+8%) which is added to enhance paper’s properties. The long awaited turnaround for carton w as finally realised in 2Q08 with a modest profit of RM1.5m after bleeding for the past 20 consecutive quarters since 2003.

-〉YoY, 1H08 revenue surged 29.4% with growth from all divisions (milling: +21.9%, carton: +24.7%, trading: +78.9%). EBIT margin almost doubled to 10.9%, boosted by rising paper prices in 1H08 (+18% yoy), higher production in Tasek mill (+3% yoy) and turnaround of the carton division.

-〉We remain positive on Muda’s outlook anchored by: a) Firm paper prices in 3Q which is expected to climb further in 4Q on seasonal demand i.e. Christmas; b) A weakening RM which is positive for export as c.40% of Tasek’s products are exported to Thailand, Australia, China and other countries; c) Continuous robust carton orders from MNCs due to inventory drawdown in 2Q08; and; d) Relentless efficiencies improvement and cost optimisation by management to raise productivity while keeping cost inflation under control.

-〉Adjusting our FY08 and FY09 revenue forecast higher by 6.6% and 9.8% respectively to reflect higher than expected paper and carton prices. FY08 net profit is largely unchanged though we reduce our FY09 net profit by a small 3.9% to RM71.8m after accounting for cost structure change subsequent to the recent 71.4% and 26% hike in gas and electricity rate respectively.

-〉Reiterate BUY with an unchanged target price of RM1.20, based on FY08 PER of 5.5x, a significant 40% discount to the regional average of 9.0x. Operating environment for the industry remains favourable supported by robust demand, weakening RM and closer ties between major paper manufacturers. Other rerating catalysts could include a major capacity expansion and higher-than expected dividend yield currently forecasted at 3.8%.

-〉Risk to our earnings forecasts are: a) Global consumption falling off for paper products; and b) Collapse of commodities prices pulling down paper prices.

scsiang82

Financial Results

Reference No MH-080825-58790

Company Name	:	MUDA HOLDINGS BERHAD
Stock Name	:	MUDA
Date Announced	:	29/08/2008

Financial Year End	:	31/12/2008
Quarter	:	2
Quarterly report for the financial period ended	:	30/06/2008
The figures	:	have not been audited

Converted attachment :

Please attach the full Quarterly Report here:

MudaQuarterlyResult2008Q2.xls

Remark:

SUMMARY OF KEY FINANCIAL INFORMATION

30/06/2008

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2008	30/06/2007	30/06/2008	30/06/2007
		RM'000	RM'000	RM'000	RM'000
1	Revenue	215,412	157,456	403,490	311,901
2	Profit/(loss) before tax	17,517	3,236	35,619	8,338
3	Profit/(loss) for the period	16,235	2,387	36,354	5,919
4	Profit/(loss) attributable to ordinary equity holders of the parent	15,908	1,815	34,667	4,739
5	Basic earnings/(loss) per share (sen)	5.57	0.64	12.15	1.66
6	Proposed/Declared dividend per share (sen)	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 (RM)	1.4400		1.3200

Note: For full text of the above announcement, please access Bursa Malaysia website at www.bursamalaysia.com

Remarks :

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/48256E5D00102DF4482574B40031F217?OpenDocument

renwee510

原帖由 海贼火影猎人 于 7-8-2008 06:06 PM 发表
2008 第一季度 营业额：188m －－EPS 是6.58sen

重点就是第一季度赚了比去年一整年还多。。。
大股东还持续买进。。。。。。。。

这个应该下一季应该会更加好呱？
不知道股息会不会因为公司赚钱而提高呢？

icy97

傳日王子製紙 下個收購目標慕達

企業13/07/2011 17:31
（吉隆坡13日訊）市場謠傳隨著日本公司王子製紙株式會社（Oji Paper Co. Ltd）收購和達（HPI，7919，主要板工業）后，慕達（MUDA，3883，主要板工業）料是下一個獻購目標。

慕達今日在市場臆測下不斷被熱炒，股價更一度上探2000年9月來新高，盤中一度掛1.25令吉，大漲7.8%或9仙。
今早，慕達甫開盤即已揚3.5%或4仙以1.20令吉迎市，牛勁十足，儘管早盤一度踩煞車掣，回檔2仙至1.14令吉，但不稍片刻即迅速回彈，持續乘勝追擊。

休市時，慕達暫報1.17令吉起1仙，半日交投已高達961萬500股。

《The Edge》引述消息報導，王子製紙有意收購慕達，並已與該公司接洽，惟該報截稿前未能聯繫上慕達主席林關德（譯音）證實報導及發言。

王子製紙向來積極于海內外尋求併購機會，透過合併壯大規模，且出價也相當闊綽。

就以上個月收購和達為例，該公司是以溢價12%，以2億5752萬令吉收購所有持股。

閉市時，慕達起14仙至1.30令吉，全日共1689億3000萬股易手。[ChinaPress]

icy97

Muda Holdings 董事局已对收购的报道做出否认了。。


详情：
http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/86154EE7C83AC93B482578CC0034AF69?OpenDocument

guansoon

无风不起浪， 看看还有后续吗

icy97

否認獲洽購 慕達應聲挫

股市14/07/2011 20:40（吉隆坡14日訊）慕達（MUDA，3883，主要板工業）否認接獲日本王子製紙（Oji Paper）收購獻議后，龐大賣壓湧現，順勢淪為下跌股之一，寫下超過1年新低。

慕達今早以1.18令吉報開，跌12仙，隨著賣盤跌跌不休，一度挫18仙到最低1.12令吉，也是自去年5月25日來最低水平。

休市時，該股跌幅收窄到14仙，掛1.16令吉，掉入十大下跌股榜，但成交量達1685萬4800股，為熱門股之一。

閉市時，慕達報1.13令吉，跌7仙，計有2005萬500股易手。

市場盛傳慕達會是王子製紙的下個收購目標，但后者13日向馬證交所報備否認。

王子製紙向來積極尋求海內併購機會，國內便有兩家公司先后遭收購，包括去年底己下市的合眾紙品（UKB）和今年6月剛獲收購獻議的和達（HPI，7919，主要板工業）。[ChinaPress]

icy97

SUMMARY OF KEY FINANCIAL INFORMATION

30/09/2011

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2011	30/09/2010	30/09/2011	30/09/2010
		$$'000	$$'000	$$'000	$$'000
1	Revenue	270,452	230,237	789,450	688,088
2	Profit/(loss) before tax	5,760	11,092	32,327	41,864
3	Profit/(loss) for the period	12,167	4,951	36,123	31,612
4	Profit/(loss) attributable to ordinary equity holders of the parent	9,921	3,457	28,413	24,880
5	Basic earnings/(loss) per share (Subunit)	3.30	1.16	9.48	8.35
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 ($$)	1.8600		1.8000

icy97

SUMMARY OF KEY FINANCIAL INFORMATION

31/12/2011

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2011	31/12/2010	31/12/2011	31/12/2010
		$$'000	$$'000	$$'000	$$'000
1	Revenue	314,350	245,792	1,103,800	933,880
2	Profit/(loss) before tax	6,540	12,423	38,867	54,287
3	Profit/(loss) for the period	24,411	12,462	60,534	44,074
4	Profit/(loss) attributable to ordinary equity holders of the parent	23,323	11,130	51,736	36,010
5	Basic earnings/(loss) per share (Subunit)	7.73	3.72	17.22	12.08
6	Proposed/Declared dividend per share (Subunit)	2.50	2.50	2.50	2.50
		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 ($$)	1.9570		1.8000

icy97

SUMMARY OF KEY FINANCIAL INFORMATION

31/03/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2012	31/03/2011	31/03/2012	31/03/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	270,671	262,151	270,671	262,151
2	Profit/(loss) before tax	3,133	13,879	3,133	13,879
3	Profit/(loss) for the period	2,185	10,715	2,185	10,715
4	Profit/(loss) attributable to ordinary equity holders of the parent	756	7,545	756	7,545
5	Basic earnings/(loss) per share (Subunit)	0.25	2.52	0.25	2.52
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 ($$)	1.9400		1.9300

icy97

Company Name	:	MUDA HOLDINGS BERHAD
Stock Name	:	MUDA
Date Announced	:	05/06/2012

EX-date	:	27/06/2012
Entitlement date	:	29/06/2012
Entitlement time	:	04:00:00 PM
Entitlement subject	:	First and Final Dividend
Entitlement description	:	First and Final Tax Exempt Dividend of 2.5 sen (5.0%) per 50 sen share for financial year ended 31st December 2011
Period of interest payment	:	to
Financial Year End	:	31/12/2011
Share transfer book & register of members will be	:	29/06/2012 to 29/06/2012 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	:	Muda Management Services Sdn Bhd Lot 7, Jalan 51A/241 46100 Petaling Jaya Selangor Darul Ehsan
Payment date	:	17/07/2012
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	:	29/06/2012
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	:	Percentage
Entitlement in percentage (%)	:	5
Remarks :
The First and Final Tax Exempt Dividend for year ended 31st December 2011 is subject to approval of shareholders at the Forty-First Annual General Meeting of the Company convened to be held on Thursday, 28th June 2012 at 11.00 a.m.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2012	30/06/2011	30/06/2012	30/06/2011
		$$'000	$$'000	$$'000	$$'000

1	Revenue	262,475	256,847	533,146	518,998
2	Profit/(loss) before tax	9,351	12,731	12,484	26,610
3	Profit/(loss) for the period	6,252	13,283	8,437	23,998
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,321	10,989	7,077	18,534
5	Basic earnings/(loss) per share (Subunit)	2.09	3.66	2.34	6.19
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 ($$)	1.9500		1.8600

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2012	30/09/2011	30/09/2012	30/09/2011
		$$'000	$$'000	$$'000	$$'000

1	Revenue	245,108	270,452	778,254	789,450
2	Profit/(loss) before tax	5,012	5,781	17,496	32,391
3	Profit/(loss) for the period	3,340	12,188	11,777	36,186
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,960	9,943	10,037	28,477
5	Basic earnings/(loss) per share (Subunit)	0.98	3.30	3.32	9.50
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 ($$)	1.9300		1.8600

icy97

慕达675万全购KF纸品

财经新闻 财经  2013-01-31 11:36
（吉隆坡30日讯）慕达（Muda，3883，主板工业产品股）独资子公司Muda包装将以675万令吉、向Hong Hwai控股全面收购KF纸品私人有限公司。

慕达向马交所报备，上述献购仍需要相关单位批准。[南洋商报财经]

MUDA HOLDINGS BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	ACQUISITION OF THE ENTIRE ISSUED AND PAID UP SHARE CAPITAL OF KF PAPER PRODUCTS (MELAKA) SDN BHD
1.0          INTRODUCTION The Board of Directors of Muda Holdings Berhad (“MUDA”) is please to announce that Muda, through its wholly-owned subsidiary, Muda Packaging Industries Sdn Bhd (Company No. 193900-M)(“MPI”) has on 29th January 2013 entered into a Sale and Purchase of Shares Agreement (“SPA”) with Hong Hwai Holdings Sdn Bhd (Company No. 645116-P), Mr Mah Kee Leng (NRIC No. 640505-04-5569), Mr Ku Ang Yeow (NRIC No. 700224-04-5273), Mr Tan Won Kiak (NRIC No. 720718-04-5247) and Ms Ong Bee Chen (NRIC No. 761003-04-5228)  (“hereinafter collectively referred to as “the Vendors”) to acquire 2,000,000 ordinary shares of RM1.00 each (“the Sale Shares”) representing the entire issued and paid up share capital KF  Paper Products (Melaka) Sdn Bhd (Company No. 811097-A) (“KF PAPER”) (“Proposed Acquisition”) for a total cash consideration of RM6,750,000.00 (“Purchase Consideration”). 2.0          PROPOSED ACQUISITION 2.1       Details the Proposed Acquisition On 29th January 2013, MPI entered into a SPA with the Vendors to acquire 2,000,000 ordinary shares of RM1.00 each representing the entire issued and paid up share capital of KF PAPER for a total cash consideration of RM6,750,000.00. The Sale Shares are acquired free from all encumbrances, liens and charges with all rights attaching thereto. A deposit of RM675,000.00 representing 10% of the total purchase consideration has been paid on signing of the SPA while the balance of RM6,075,000.00 is to be paid within three (3) month from fulfillment of all the conditions precedent. 2.2           Conditions Precedent for the Proposed Acquisition Completion of the Proposed Acquisition is subject to following:- a.               Where necessary, the approval of the Foreign Investment Committee; b.              MPI being satisfied with the result of the due diligence audit; c.              Completion of the purchase of a piece of land as held under Title No. HS (D) 2371 PT 419 Mukim Merlimau, Daerah Jasin, Negeri  Melaka measuring approximately 5.177 hectares in area together with industrial premises (“the said Property") by another subsidiary of MUDA known as Kotak Malaysia (KOM) Sdn Bhd (Company No. 13817-H)  (“Kotak”)  from  Hong  Hwai Holdings  Sdn Bhd  (Company No. 645116-P)  in accordance with the terms and conditions of the Sales and Purchase Agreement dated 29th January 2013; and d.              Approvals of such other relevant authorities as are necessary. 3.0          BASIS FOR DETERMINING THE PURCHASE CONSIDERATION FOR THE SALE SHARES The purchase consideration of RM6,750,000.00 was arrived at on a “willing-buyer willing-seller” basis after  taking into consideration the  net tangible assets of KF PAPER as at 31st October 2012. 4.0          RATIONALE FOR THE PROPOSED ACQUISITION The Proposed Acquisition will enable the MUDA Group to expand further into the corrugated carton industry and to increase consumption of the Group’s industrial grade paper . 5.0          EFFECTS OF THE PROPOSED ACQUISITION i.        Net Tangible Assets Based on the audited balance sheet of MUDA as at 31st December 2011, the MUDA Group’s net tangible asset is not expected to be affected by the Proposed Acquisition as the value of the transaction is below 5% of the net tangible assets of the Muda Group. ii.           Earnings The Proposed Acquisition is not expected to have any material effect on the earnings of the MUDA Group for the year ending 31st December 2013. 6.0          INFORMATION ON MPI MPI was incorporated in Malaysia on 22nd February 1990 under the Companies Act, 1965. Its present authorised capital is RM100,000,000 comprising 100,000,000 ordinary shares of RM1.00 each in which forty eight million (48,000,000) ordinary shares have been issued and fully paid up.  The principal activity of MPI is that of manufacture and sale of corrugated cartons and paper related products. 7.0       INFORMATION ON KF PAPER KF PAPER was incorporated in Malaysia on 26th March 2008 under the Companies Act, 1965.  Its present authorised capital is RM5,000,000 comprising 5,000,000 ordinary shares of RM1.00 each of which 2,000,000 ordinary shares have been issued and fully paid-up.  The principle activities of KF PAPER is that of manufacture and retail of corrugated cartons and boards for commercial use.  KFPP’s factory is located Lot 1-9, Jalan Usaha 2, Taman Perindustrian Merlimau, 77300 Merlimau, Melaka and its products are marketed in the central and southern region of West Malaysia. 8.0       DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS None of the Directors nor substantial shareholders of MUDA nor persons connected to them have any interest, whether directly or indirectly, in the Proposed Acquisition. This Announcement is dated 29th January 2013.

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SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2012	31/12/2011	31/12/2012	31/12/2011
		$$'000	$$'000	$$'000	$$'000

1	Revenue	310,116	314,350	1,088,370	1,103,800
2	Profit/(loss) before tax	12,578	6,558	30,074	38,924
3	Profit/(loss) for the period	9,396	24,298	21,173	60,460
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,104	23,340	16,014	51,662
5	Basic earnings/(loss) per share (Subunit)	1.97	7.70	5.29	17.19
6	Proposed/Declared dividend per share (Subunit)	1.97	7.76	5.27	17.08
		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 ($$)	1.9400		1.9300

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慕達1785萬售吉隆坡資源22.51%

大馬  2013-04-16 18:32
（吉隆坡16日訊）慕達控股（MUDA，3883，主板工業產品組）旗下70%間接子公司Intrapac有限公司建議以727萬7千418新元（約1千785萬8千211令吉）脫售吉隆坡資源有限公司（KL Resources）22.51%股權，所得資金將保留作營運資本。

慕達發文告說，脫售吉隆坡資源股權讓公司趁機兌現誘人的投資回酬，同時提供營運資本，公司料從中兌現1千192萬令吉一次性盈利。（星洲日報／財經）

MUDA HOLDINGS BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED DISPOSAL OF 22.51% EQUITY INTEREST IN KL RESOURCES PTE LTD BY INTRAPAC (SINGAPORE) PTE LTD, A 70% OWNED SUBSIDIARY OF MUDA HOLDINGS BERHAD TO TANSFIELD LIMITED
The Board of Directors' of Muda Holdings Berhad wishes to announce that the Company's indirect 70% owned subsidiary, Intrapac (Singapore) Pte Ltd (198204948Z) has entered into a Sales and Purchase Agreement with Tansfield Limited for the disposal of 112,550 ordinary shares which representing 22.51% of the issued and paid-up capital in KL Resources Pte Ltd. The announcement is dated 15th April 2013

Attachments AnnounceKLResourcesApril13.pdf