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【GESHEN 7197 交流专区】巨盛机构

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楼主: icy97       显示全部楼层   阅读模式

楼主
发表于 31-8-2013 06:52 PM | 显示全部楼层 |阅读模式
Announcement
Date
Financial
Year
Quarter
Number
Financial
Quarter
Revenue
(RM,000)
Profit Before
Tax (RM,000)
Net Profit
(RM,000)
Earning
Per Share (Cent)
Dividend
(Cent)
NTA (RM)
29/08/201331/12/2013230/06/2013
19,624
1,039
733
0.95
0.00
0.550
20/05/201331/12/2013131/03/2013
18,502
622
461
0.60
0.00
0.540
25/02/201331/12/2012431/12/2012
19,552
-852
-848
-1.10
0.00
0.530
21/11/201231/12/2012330/09/2012
23,513
1,318
950
1.24
0.00
0.550
27/08/201231/12/2012230/06/2012
23,432
1,433
1,148
1.49
0.00
0.540
25/05/201231/12/2012131/03/2012
23,077
1,120
589
0.77
0.00
0.530

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=G&securityCode=7197

公司官网:http://www.ge-shen.com/
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楼主
 楼主| 发表于 31-8-2013 06:53 PM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2013
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2013
30/06/2012
30/06/2013
30/06/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
19,624
23,432
38,126
46,509
2Profit/(loss) before tax
1,039
1,433
1,661
2,553
3Profit/(loss) for the period
693
1,112
1,113
1,699
4Profit/(loss) attributable to ordinary equity holders of the parent
733
1,148
1,194
1,737
5Basic earnings/(loss) per share (Subunit)
0.95
1.49
1.55
2.26
6Proposed/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 ($$)
0.5500
0.5300

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楼主
 楼主| 发表于 26-9-2013 09:08 PM | 显示全部楼层
GE-SHEN CORPORATION BERHAD

Type
Announcement
Subject
OTHERS
Description
GE-SHEN CORPORATION BERHAD ("GE-SHEN" or "THE COMPANY")
- ACQUISITION OF SHARES IN ULTRASPA (M) SDN. BHD. ("ACQUISITION")
1. INTRODUCTION
Pursuant to Paragraph 9.19(23) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of the Company wishes to announce that the Company had on 26 September 2013, acquired one hundred thousand (100,000) ordinary shares of RM1.00 each fully paid-up in the capital of Ultraspa (M) Sdn. Bhd.("Ultraspa") [Company No. 881658-W] from Lew Sze How, for a total cash consideration of RM1.00 (Ringgit Malaysia: One) Only. Consequent thereto, Ultraspa became a wholly-owned subsidiary of the Company.

2. INFORMATION OF ULTRASPA
Ultraspa was incorporated in Malaysia under the Companies Act, 1965 on 7 December 2009. The present authorised share capital of Ultraspa is RM5,000,000/- divided into 5,000,000 ordinary shares of RM1.00 each and the paid-up share capital is RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each.

The principal activity of Ultraspa is trading and distributing of cosmetic and skin care products.

3. FINANCIAL EFFECTS
The acquisition of Ultraspa is not expected to have any material effects on the earnings or net assets of the Company for the financial year ending 31 December 2013.

4. DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHARHOLDER’S INTERESTS
None of the Directors and/or major shareholders of the Company as well as persons connected to them has any interests, direct or indirect, in the aforesaid acquisition.

5. STATEMENT BY THE BOARD OF DIRECTORS
The Board of Directors is of the opinion that the acquisition is in the best interest of the Company.

This announcement is dated 26 September 2013.

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楼主
 楼主| 发表于 26-11-2013 05:06 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
23,524
23,513
61,650
70,022
2Profit/(loss) before tax
1,800
1,318
3,462
3,872
3Profit/(loss) for the period
973
921
2,086
2,620
4Profit/(loss) attributable to ordinary equity holders of the parent
1,026
950
2,220
2,629
5Basic earnings/(loss) per share (Subunit)
1.33
1.24
2.89
3.42
6Proposed/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 ($$)
0.5600
0.5300

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楼主
 楼主| 发表于 1-3-2014 05:25 PM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
22,479
19,552
84,129
89,603
2Profit/(loss) before tax
766
-852
4,228
3,020
3Profit/(loss) for the period
51
-889
2,137
1,731
4Profit/(loss) attributable to ordinary equity holders of the parent
-133
-848
2,087
1,781
5Basic earnings/(loss) per share (Subunit)
-0.17
-1.10
2.71
2.32
6Proposed/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 ($$)
0.5700
0.5300

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楼主
 楼主| 发表于 20-5-2014 04:13 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2014
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2014
31/03/2013
31/03/2014
31/03/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
20,846
18,502
20,846
18,502
2Profit/(loss) before tax
1,143
622
1,143
622
3Profit/(loss) for the period
576
420
576
420
4Profit/(loss) attributable to ordinary equity holders of the parent
588
461
588
461
5Basic earnings/(loss) per share (Subunit)
0.76
0.60
0.76
0.60
6Proposed/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 ($$)
0.5700
0.5700

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楼主
 楼主| 发表于 31-8-2014 02:46 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2014
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2014
30/06/2013
30/06/2014
30/06/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
24,475
19,624
45,321
38,126
2Profit/(loss) before tax
969
1,039
2,112
1,661
3Profit/(loss) for the period
392
693
968
1,113
4Profit/(loss) attributable to ordinary equity holders of the parent
399
733
987
1,194
5Basic earnings/(loss) per share (Subunit)
0.52
0.95
1.28
1.55
6Proposed/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 ($$)
0.5800
0.5700

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楼主
 楼主| 发表于 11-10-2014 03:37 AM | 显示全部楼层
Notice of Interest Sub. S-hldr (29A)
GE-SHEN CORPORATION BERHAD

Particulars of Substantial Securities Holder
Name
Yin Siew Peng
Address
No. 34, Jalan Utama 19
Taman Mutiara Rini
81300 Skudai,
Johor Darul Takzim
NRIC/Passport No/Company No.
651128-08-6325
Nationality/Country of incorporation
Malaysian
Descriptions (Class & nominal value)
Ordinary Shares of RM0.50 each
Name & address of registered holder
RHB Nominees (Tempatan) Sdn. Bhd.
6th Floor, Wisma Tiong-Hua
No. 8, Jalan Keris
Taman Sri Tebrau
80050 Johor Bahru
Date interest acquired & no of securities acquired
Currency
Malaysian Ringgit (MYR)
Date interest acquired
07/10/2014
No of securities
1,100,000
Circumstances by reason of which Securities Holder has interest
Acquisition of Shares (not open market)
Nature of interest
Direct
Price Transacted ($$)

Total no of securities after change
Direct (units)
4,479,400
Direct (%)
5.82
Indirect/deemed interest (units)
0
Indirect/deemed interest (%)
0
Date of notice
09/10/2014

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楼主
 楼主| 发表于 11-10-2014 04:05 AM | 显示全部楼层
Name
Ge-Shen Resources Sdn. Bhd.
Address
No. 11, Jalan Riang 23,
Taman Gembira,
81200 Johor Bahru,
Johor Darul Takzim
NRIC/Passport No/Company No.
633813-T
Nationality/Country of incorporation
Malaysia
Descriptions (Class & nominal value)
RM0.50 per ordinary share
Name & address of registered holder
Ge-Shen Resources Sdn. Bhd.
No. 11, Jalan Riang 23,
Taman Gembira,
81200 Johor Bahru,
Johor Darul Takzim
Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed07/10/2014
1,100,000

Disposed08/10/2014
400,000


Circumstances by reason of which change has occurred
Disposal of Shares (not open market)
Nature of interest
Direct
Direct (units)
35,828,000
Direct (%)
46.59
Indirect/deemed interest (units)
0
Indirect/deemed interest (%)
0
Total no of securities after change
35,828,000
Date of notice
09/10/2014

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楼主
 楼主| 发表于 21-11-2014 05:14 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
25,403
23,524
70,724
61,650
2Profit/(loss) before tax
1,130
1,800
3,242
3,462
3Profit/(loss) for the period
294
972
1,262
2,086
4Profit/(loss) attributable to ordinary equity holders of the parent
288
1,025
1,275
2,220
5Basic earnings/(loss) per share (Subunit)
0.37
1.33
1.66
2.89
6Proposed/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 ($$)
0.5800
0.5700

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楼主
 楼主| 发表于 6-12-2014 05:14 AM | 显示全部楼层
巨盛斥3376萬 購Polyplas股權75%

財經5 Dec 2014 20:42
(吉隆坡5日訊)巨盛(GESHEN,7197,主要板工業)以3376萬令吉,收購Polyplas私人有限公司75%股權,同時建議發出3000萬單位可贖回可轉換優先股。

該公司向馬證交所報備,與賣方納令達欣簽署認購期權協議,提供額外增持Polyplas 50萬股股票選項,這相等于另25%股權。假設巨盛行使期權,Polyplas將成為旗下獨資子公司,有助擴大塑料倒模營運,並可多元化客戶基礎。

至于收購股權資金來源,其中1800萬令吉將源自發行可贖回可轉換優先股,另1576萬令吉則從內部融資。

上述收購建議將提振巨盛長期盈利和每股盈利表現,料在明年首季完成。【中国报财经】

Type
Announcement
Subject
MULTIPLE PROPOSALS
Description
GE-SHEN CORPORATION BERHAD (“GE-SHEN” OR THE “COMPANY”)
•        PROPOSED ACQUISITION
•        PROPOSED ISSUANCE OF RCPS
•        PROPOSED AMENDMENTS
On behalf of the Board of Directors of Ge-Shen, M&A Securities Sdn Bhd wishes to announce the following:
(i)            the Company had on 5 December 2014 entered into a conditional share sale agreement (“SSA”) with the vendors of Polyplas Sdn Bhd (“Polyplas”), namely Narinder Singh A/L Sudagar Singh and Gurdial Singh A/L Sudagar Singh for the proposed acquisition of 75% equity interest in Polyplas, comprising 1,500,000 ordinary shares of RM1.00 each in Polyplas for a total cash consideration of RM33,756,253 (“Proposed Acquisition”).

Concurrent with the execution of the SSA, the Company had entered into the following agreements:
(a)        Put/Call Option Agreement with Narinder Singh A/L Sudagar Singh for the option to purchase an additional 500,000 ordinary shares of RM1.00 each in Polyplas by Ge-Shen from Narinder Singh A/L Sudagar Singh at a consideration to be determined based on the terms and conditions of the put/call option agreement; and           

(b)       Shareholders Agreement with Narinder Singh A/L Sudagar Singh to regulate the relationship between the shareholders of Polyplas upon completion of the Proposed Acquisition;                                                                                                                                                                                                                                                                                               
The salient terms of the Agreements are set out in Section 2.1.7 of this announcement;
(ii)           Proposed issuance of 30,000,000 new redeemable convertible preference shares of RM0.01 each in Ge-Shen (“RCPS”) at an the issue price of RM0.60 per RCPS to third party investors to be identified (“Proposed Issuance of RCPS”) to partly fund the Proposed Acquisition; and

(iii)          Proposed amendments to the Articles of Association of the Company to facilitate the implementation of the Proposed Issuance of RCPS (“Proposed Amendments").

Kindly refer to the attachment for the details of the Proposals.

This announcement is dated 5 December 2014.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1817449
Attachments
本帖最后由 icy97 于 6-12-2014 07:02 PM 编辑

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发表于 18-12-2014 12:51 AM | 显示全部楼层
对于这个收购有什么看法?
看回去年的 annual report 管理层不错
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楼主
 楼主| 发表于 20-12-2014 06:24 AM | 显示全部楼层
本帖最后由 icy97 于 22-12-2014 01:40 AM 编辑

售2非核心业务 巨盛机构赚91万

财经新闻 财经  2014-12-21 03:07
(吉隆坡20日讯)巨盛机构(GESHEN,7197,主板工业产品股)以总值337万4927令吉脱售非核心业务子公司,重组公司的业务。

公司以总值195万3676令吉脱售Ultraspa的100%和Mednspa的70%股权,两家公司涉及贸易和分销化妆品和护肤产品。

同时,也以142万1251令吉脱售Global Seed的100%股权,后者的业务为生产纤维制品。

从该两项脱售活动中,巨盛机构分别可取得30万令吉和61万3000令吉的收益。【南洋网财经】

Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
GE-SHEN CORPORATION BERHAD (“GE-SHEN” OR “THE COMPANY” OR “VENDOR”)

- PROPOSED DISPOSAL OF 3,500,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF GLOBAL SEED SDN. BHD. (“GLOBAL SEED”) (“GLOBAL SEED SHARE(S)”), REPRESENTING 100% EQUITY INTEREST IN GLOBAL SEED, BY THE COMPANY (“PROPOSED DISPOSAL”)
Please refer to the attachment for details of the announcement.

This announcement is dated 19 December 2014.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1832529
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楼主
 楼主| 发表于 20-12-2014 06:26 AM | 显示全部楼层
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
GE-SHEN CORPORATION BERHAD (“GE-SHEN” OR “THE COMPANY” OR “VENDOR”)

- PROPOSED DISPOSAL OF 5,300,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF ULTRASPA (M) SDN. BHD. (“ULTRASPA”) (“ULTRASPA SHARE(S)”), REPRESENTING 100% EQUITY INTEREST IN ULTRASPA AND 70% OF EQUITY INTEREST IN ITS SUBSIDIARY, MEDNSPA (S) PTE. LTD. (“MSPL”), BY THE COMPANY (“PROPOSED DISPOSAL”)
Please refer to the attachment for details of the announcement.

This announcement is dated 19 December 2014.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1832525
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楼主
 楼主| 发表于 25-12-2014 10:02 PM | 显示全部楼层
Type
Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID
TE-141222-43288
Subject
PROPOSED DISPOSAL OF 5,300,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF ULTRASPA (M) SDN. BHD. ("ULTRASPA")("ULTRASPA SHARE(S)"), REPRESENTING 100% EQUITY INTEREST IN ULTRASPA AND 70% OF EQUITY INTEREST IN ITS SUBSIDIARY, MEDNSPA (S) PTE. LTD. ("MSPL"), BY THE COMPANY ("PROPOSED DISPOSAL")
Description
GE-SHEN CORPORATION BERHAD (“GE-SHEN” OR “THE COMPANY” OR “VENDOR”)

- PROPOSED DISPOSAL OF 5,300,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF ULTRASPA (M) SDN. BHD. (“ULTRASPA”) (“ULTRASPA SHARE(S)”), REPRESENTING 100% EQUITY INTEREST IN ULTRASPA AND 70% OF EQUITY INTEREST IN ITS SUBSIDIARY, MEDNSPA (S) PTE. LTD. (“MSPL”), BY THE COMPANY (“PROPOSED DISPOSAL”)


Reference is made to Ge-Shen's announcement on 19 December 2014 and Bursa Malaysia Securities Berhad's letter dated 22 December 2014 pertaining to the above matter.

The Board of Directors of Ge-Shen wishes to furnish the following additional information of the abovementioned matter.

1.      The breakdown of advances from the Company and Ge-Shen Plastic (M) Sdn. Bhd. to Ultraspa are as follows:
The Company



Amount

(RM)

Nature

Total advances in 2010



1,788,155

Working capital

Total advances in 2011



918,419

Working capital

Total advances in 2012



194,368

Working capital

Total advance in 2013



430,000

Working capital

Total advance in 2014



100,000

Working capital

Capitalisation – issuance of share by Ultraspa in 2014




(3,300,000)


Increase of share capital

Total repayment upon disposal



130,942











Ge-Shen Plastic (M) Sdn. Bhd.







Total advance in 2014



51,411

Working capital


2.      The date of incorporation and commencement of business are analysed as follows:




Date of incorporation

Commencement of business

Ultraspa



7 December 2009

January 2010

MSPL



31 March 2011

April 2011


3.      The Audited Net Assets/(Liabilities) and Net Profit/(Loss) as at 31 December 2013 are analysed as follows:


Net assets/(liabilities)

(RM)

Net Profit/(Loss)

(RM)

Ultraspa

(137,300)

(1,158,581)

MSPL

240,618

93,341


Both Ultraspa and MSPL only own Operating Assets and do not own any real estate.

4.      The Ultraspa and MSPL is principally engaged in the business of trading and distribution of cosmetic and skin care products and skin care services.

5.      Name of the directors and major shareholders of MSPL are analysed as follows:
Directors





Wong Yee Keh





Wong Yew Hoong











Shareholding

No. of Shares

(%)

Ultraspa

140,000

70%

Wong Yew Hoong

60,000

30%


Mr. Wong Yee Keh is a Group Managing Director of Ge-Shen.

Mr. Wong Yew Hoong does not hold any shares in Ge-Shen and does not have any family relationship with any members of the Board nor Major Shareholders.

6.      The Audited Net Liabilities and Net Loss of Ultraspa as at 31 December 2013 are analysed as follows:
(a)  Details of Net Current Liabilities are:




31 December 2013

(Audited) (RM)

Non-Current Assets



2,229,797

Current Assets



1,377,618

Current Liabilities



(3,745,115)

Net liabilities



(137,700)


Included in Non-Current Assets is the cost of investment in MSPL of RM455,634.

(b)  Details of Net Loss are:




31 December 2013

(Audited) (RM)

Revenue



2,963,591

Other income



211,505

Changes in inventories of finished goods



(177,497)

Raw material used



(435,202)

Employee benefits



(1,217,813)

Depreciation



(330,904)

Operating expenses



(2,162,772)

Finance cost



(9,489)

Net loss for the year



(1,158,581)


7.      The major contribution and its core competencies of the Ge-Shen group is manufacturing of plastic moulding products, related components and inclusive of moulds and tooling. The audited  group business segment as at 31 December 2013 are analysed as follows:





31 December 2013

(Audited)

(RM’000)


Plastic injection



80,384

Cosmetic and skin care



3,204

Fibre products



249

Total revenue



83,837


The Company’s initial intention was to diversify its activities from its core competencies. Hence, it had set-up Ultraspa and MSPL on the dated as mentioned in item 2 above, to be involved in cosmetic and skin care products. Nevertheless, to retain qualified skin care specialist and mushrooming of smaller skin care provider in Malaysia and Singapore market had adversely affected our revenue and margin for the current and previous year’s.

8.      The estimated Unaudited Net Gain on disposal at Group level for the financial year ending 31 December 2014 is analysed as follows:





(RM)


Net current assets  - unaudited as at 30 September 2014




1,771,323


Unaudited operating loss for the period from 1 October up to date of announcement 19 December 2014





(300,000)




Proceeds from disposal



(1,771,323)

Gain on disposal



300,000


Included in the Net Current Asset is net cost of investment in MSPL less Impairment Loss on investment of RM346,043. Whereas, the total Net Asset Value of MSPL as at 30 September 2014 is RM195,555.

9.      The proceeds from disposal of RM1.771,323 and repayment of all the amount due by Global Seed to Company and Ge-Shen Plastic (M) Sdn. Bhd. of RM182,353 is expected to be utilised for as working capital, capital expenditure and future investment of the Group. These amounts are expected to be received within three months and utilised in 2015.

10.  The highest percentage ratios between the disposal of Global Seed and Ultraspa is 12.16% (Ultraspa) and the cumulative combined percentage ratio of both disposal of shares is 20.20%. The percentage ratio is calculated based on the Audited Financial Statements for the year ended 31 December 2013.

This announcement is dated 23 December 2014.

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楼主
 楼主| 发表于 25-12-2014 10:04 PM | 显示全部楼层
Type
Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID
TE-141222-42944
Subject
PROPOSED DISPOSAL OF 3,500,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF GLOBAL SEED SDN. BHD. ("GLOBAL SEED")("GLOBAL SEED SHARE(S)"), REPRESENTING 100% EQUITY INTEREST IN GLOBAL SEED, BY THE COMPANY ("PROPOSED DISPOSAL")
Description
GE-SHEN CORPORATION BERHAD (“GE-SHEN” OR “THE COMPANY” OR “VENDOR”)

- PROPOSED DISPOSAL OF 3,500,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF GLOBAL SEED SDN. BHD. (“GLOBAL SEED”) (“GLOBAL SEED SHARE(S)”), REPRESENTING 100% EQUITY INTEREST IN GLOBAL SEED, BY THE COMPANY (“PROPOSED DISPOSAL”)


Reference is made to Ge-Shen's announcement on 19 December 2014 and Bursa Malaysia Securities Berhad's letter dated 22 December 2014 pertaining to the above matter.

The Board of Directors of Ge-Shen wishes to furnish the following additional information of the abovementioned matter.

1.      The breakdown of advances from the Company and Ge-Shen Plastic (M) Sdn. Bhd. to Global Seed are as follows:
The Company



Amount

(RM)

Nature

Total advances in 2012



-

-

Total advances in 2013



1,331,697

Working capital

Total advances in 2014



2,198,946

Working capital

Capitalisation – issuance of share by Global Seed in 2014




(2,500,000)


Increase of share capital

Total repayment upon disposal



1,030,643











Ge-Shen Plastic (M) Sdn. Bhd.







Total advances in 2014



390,607

Working capital


2.      Global Seed is incorporated on 31 May 2012, took eight months to install and test before commencement of mass production on June 2013.

3.      The Audited Net Liabilities and Net Loss of Global Seed as at 31 December 2013 are:




31 December 2013

(Audited) (RM)

Net liabilities



(892,743)

Net loss for the year



(1,630,700)


Global Seed only owns Operating Assets and does not own any real estate.

4.      The Global Seed is principally engaged in the business of manufacturing fibre products. (i.e. to process palm fibre waste namely empty fruit bunch into dried long fibre which is sold to manufacturer of mattresses and furniture as their raw material).

5.      The Audited Net Liabilities and Net Loss of Global Seed as at 31 December 2013 are analysed as follows:

(a)  Details of Net Current Liabilities are:




31 December 2013

(Audited) (RM)

Non-Current Assets



2,597,771

Current Assets



132,087

Non-Current Liabilities



(1,130,028)

Current Liabilities



(2,492,573)

Net liabilities



(892,743)


(b)  Details of Net Loss are:





31 December 2013

(Audited) (RM)

Revenue



249,080

Other income



1,348

Changes in inventories of finished goods



10,305

Raw material used



(111,668)

Employee benefits



(495,674)

Depreciation



(216,353)

Operating expenses



(921,373)

Finance cost



(146,365)

Net loss for the year



(1,630,700)


6.      The major contribution and its core competencies of the Ge-Shen group is manufacturing of plastic moulding products, related components and inclusive of moulds and tooling. The audited  group business segment as at 31 December 2013 are analysed as follows:






31 December 2013

(Audited)

(RM’000)


Plastic injection



80,384

Cosmetic and skin care



3,204

Fibre products



249

Total revenue



83,837


The Company’s initial intention was to diversify its activities from its core competencies. Hence, it had set-up Global Seed in May 2012 to be involved in manufacturing of fibre products. Nevertheless, the selling price of fibre products has been continuously in declining trend to USD150 per ton as at November 2013 coupled with increase in raw material price. This had caused our margin to be eroded.

7.      The estimated Unaudited Net Gain on disposal at Group level for the financial year ending 31 December 2014 is analysed as follows:






(RM’000)


Net current liabilities  - unaudited as at 30 September 2014




(13)


Unaudited operating loss for the period from 1 October up to date of announcement 19 December 2014





(600)




Proceeds from disposal



(*)

Gain on disposal



613








·         The proceed from disposal is only RM1.00

8.      The proceeds from disposal of RM1.00 and repayment of all the amount due by Global Seed to the Company and Ge-Shen Plastic (M) Sdn. Bhd. of RM1,421,250 is expected to be utilised as working capital, capital expenditure and future investment of the Group. These amounts are expected to be received within three months and utilised in 2015.

9.      The highest percentage ratios between the disposal of Global Seed and Ultraspa is 12.16% and the cumulative combined percentage ratio of both disposal of shares is 20.20%. The percentage ratio is calculated based on the Audited Financial Statements for the year ended 31 December 2013.

This announcement is dated 23 December 2014.

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楼主
 楼主| 发表于 10-2-2015 03:11 AM | 显示全部楼层
Name
Ge-Shen Resources Sdn. Bhd.
Address
No. 11, Jalan Riang 23,
Taman Gembira,
81200 Johor Bahru,
Johor Darul Takzim
NRIC/Passport No/Company No.
633813-T
Nationality/Country of incorporation
Malaysia
Descriptions (Class & nominal value)
RM0.50 per ordinary share
Name & address of registered holder
Ge-Shen Resources Sdn. Bhd.
No. 11, Jalan Riang 23,
Taman Gembira,
81200 Johor Bahru,
Johor Darul Takzim
Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed09/02/2015
2,500,000
0.520

Circumstances by reason of which change has occurred
Disposal of Shares
Nature of interest
Direct
Direct (units)
33,328,000
Direct (%)
43.33
Indirect/deemed interest (units)
0
Indirect/deemed interest (%)
0
Total no of securities after change
33,328,000
Date of notice
09/02/2015

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楼主
 楼主| 发表于 2-3-2015 02:18 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2014
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2014
31/12/2013
31/12/2014
31/12/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
16,534
21,118
85,000
80,179
2Profit/(loss) before tax
1,209
750
4,450
4,212
3Profit/(loss) for the period
1,281
52
2,542
2,138
4Profit/(loss) attributable to ordinary equity holders of the parent
1,284
-23
2,558
2,197
5Basic earnings/(loss) per share (Subunit)
1.67
-0.03
3.32
2.86
6Proposed/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 ($$)
0.6100
0.5700

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楼主
 楼主| 发表于 4-3-2015 10:31 PM | 显示全部楼层
icy97 发表于 20-12-2014 06:24 AM
售2非核心业务 巨盛机构赚91万

财经新闻 财经  2014-12-21 03:07

Type
Announcement
Subject
OTHERS
Description
GE-SHEN CORPORATION BERHAD (“GE-SHEN” OR “THE COMPANY” OR “VENDOR”)
- PROPOSED DISPOSAL OF 5,300,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF ULTRASPA (M) SDN. BHD. (“ULTRASPA”) (“ULTRASPA SHARE(S)”), REPRESENTING 100% EQUITY INTEREST IN ULTRASPA AND 70% OF EQUITY INTEREST IN ITS SUBSIDIARY, MEDNSPA (S) PTE. LTD. (“MSPL”), BY THE COMPANY; AND

- PROPOSED DISPOSAL OF 3,500,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF GLOBAL SEED SDN. BHD. (“GLOBAL SEED”) (“GLOBAL SEED SHARE(S)”), REPRESENTING 100% EQUITY INTEREST IN GLOBAL SEED, BY THE COMPANY (COLLECTIVELY REFERRED TO AS THE “PROPOSED DISPOSALS”)
Reference is made to the Company’s announcements made on 19 December 2014 pertaining to the above matters.

GE-SHEN wishes to announce that the aforesaid Proposed Disposals have been completed. Hence, Ultraspa and Global Seed ceased to become the subsidiary companies of GE-SHEN.

This announcement is dated 2 March 2015.

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楼主
 楼主| 发表于 25-3-2015 03:36 AM | 显示全部楼层
本帖最后由 icy97 于 26-3-2015 09:07 PM 编辑

Notice of Person Ceasing (29C)
GE-SHEN CORPORATION BERHAD

Particulars of substantial Securities Holder
Name
Siow Wong Yen @ Siow Kwang Hwa
Address
28, Jalan Bukit Cagar
80300 Johor Bahru
Johor Darul Takzim
NRIC/Passport No/Company No.
481115-01-5019
Nationality/Country of incorporation
Malaysian
Descriptions (Class & nominal value)
Ordinary Shares of RM0.50 each
Date of cessation
24/03/2015
Name & address of registered holder
Siow Wong Yen @ Siow Kwang Hwa
28, Jalan Bukit Cagar
80300 Johor Bahru
Johor Darul Takzim
Currency
Malaysian Ringgit (MYR)
Number of securities disposed
3,391,000
Price Transacted ($$)

Circumstances by reason of which a person ceases to be a substantial securities Holder
Transfer of ordinary shares to son
Nature of interest
Direct Interest
Date of notice
24/03/2015

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