【SENDAI 5205 交流专区】依华建台

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依华建台获2.88亿合约
Arjuna Chandran Shankar/theedgemarkets.com
September 10, 2019 17:18 pm +08
https://www.theedgemarkets.com/article/依华建台获288亿合约

（吉隆坡10日讯）尽管全球经济形势充满挑战和不确定因素，但依华建台（Eversendai Corp Bhd）在迪拜、沙地阿拉伯、印度、新加坡及荷兰获得总值2亿8800万令吉的合约。

这使得该集团的未完成订单达23亿9000万令吉。

依华建台今日发布文告，将赢得这7项新合约归因于不依赖单一客户或国家的商业模式。

该集团在印度获得3项新合约，为Hyderabad的3栋商业大楼、机场主航厦和位于Chennai的ITC锅炉提供钢结构工程。

“通过为2020年迪拜世博会设计的沙地馆，以及King Abdullah金融区的吊桥项目承建钢结构工程，集团继续加强在中东的地位。”

依华建台指出，另一项目是荷兰的导管架与桩的工程和制造合约。

此外，新赢得的合约还包括新加坡的一个数据中心项目。

执行主席兼集团董事经理Tan Sri A K Nathan表示：“获得这些合约进一步确立依华建台作为全球高层建筑、复合结构、大跨度结构、桥梁和工业厂房综合统筹钢结构工程行业的领导地位。”

（编译：陈慧珊）

Type	Announcement
Subject	OTHERS
Description	PRESS RELEASE : EVERSENDAI CORPORATION BERHAD SCORED NEW CONTRACTS WORTH RM288 MILLION
Please refer to the attachment below.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6279097

Attachments Press Release - Eversendai Scored RM288 Million New Contracts.pdf

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依华建台-高负债成隐忧
https://www.enanyang.my/news/20190912/【视频】依华建台-高负债成隐忧/

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Type	Announcement
Subject	OTHERS
Description	PRESS RELEASE : EVERSENDAI CORPORATION BERHAD CELEBRATES ITS FIRST STEEL CUT FOR EUROPEAN OFFSHORE WIND RENEWABLE PROJECT
Please refer to the attachment below.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6283977

Attachments Press Release - Eversendai Corporation Berhad - 17.9.2019.pdf

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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	413,458	432,206	1,192,972	1,213,254
2	Profit/(loss) before tax	5,133	16,371	27,041	53,222
3	Profit/(loss) for the period	3,110	16,848	23,976	52,397
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,473	13,136	20,983	50,503
5	Basic earnings/(loss) per share (Subunit)	0.19	1.68	2.69	6.47
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 ($$)	1.1900		1.2200

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Type	Announcement
Subject	OTHERS
Description	PRESS RELEASE : EVERSENDAI ATTAINED RM323 MILLION WORTH OF NEW CONTRACTS
Please refer to the attachment below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3020892

Attachments Press Release - Eversendai Attained RM323 Million Worth of New Contracts - 4.2.2020.pdf

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Type	Announcement
Subject	OTHERS
Description	EVERSENDAI CORPORATION BERHAD - RECEIPT OF A LETTER OF OFFER FROM VAHANA HOLDINGS SDN BHD (VHSB) IN RELATION TO A PROPOSED SALE AND PURCHASE OF VAHANA OFFSHORE (M) SDN BHD (VOSB) AND ITS GROUP OF COMPANIES
The Board of Directors of ECB (“Board”) wishes to announce that the Company has on 10 February 2020 received a letter of offer from VHSB, the major shareholder of the Company (“Letter of Offer”) wherein VHSB has offered the Company, the opportunity to acquire the entire issued and paid-up share capital of VOSB, which currently owns the entire issued and paid-up share capital of Aryan-Inspire Pte Ltd, Arjun-Aspire Pte Ltd and Vahana Marine Solutions DMCC based on the terms and conditions as set out in the Letter of Offer. A copy of the Letter of Offer is attached with this announcement. The Board, save for the interested directors namely, Tan Sri Dato’ A K Nathan Elumalay and Narishnath Nathan, will deliberate on the Letter of Offer and a further announcement will be made in due course after the Board’s deliberation. This announcement is dated 10 February 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3022159

Attachments Vahana Holdings Sdn Bhd - Proposal Letter - 10.2.2020.pdf

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Type	Announcement
Subject	OTHERS
Description	PRESS RELEASE : EVERSENDAI WINS RM330 MILLION CONTRACTS IN INDIA
Please refer to the attachment below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3023843

Attachments Press Release - Eversendai Wins RM330 Million Contracts in India - 17.2.2020.pdf

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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	362,520	492,496	1,555,492	1,705,750
2	Profit/(loss) before tax	786	26,170	27,827	79,392
3	Profit/(loss) for the period	-7,356	21,155	16,620	73,552
4	Profit/(loss) attributable to ordinary equity holders of the parent	-7,282	19,735	13,701	70,238
5	Basic earnings/(loss) per share (Subunit)	-0.93	2.52	1.75	8.99
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 ($$)	1.1800		1.2200

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Type	Announcement
Subject	OTHERS
Description	EVERSENDAI CORPORATION BERHAD (EVERSENDAI OR COMPANY)RECEIPT OF A LETTER OF OFFER FROM VAHANA HOLDINGS SDN BHD IN RELATION TO A PROPOSED SALE AND PURCHASE OF VAHANA OFFSHORE (M) SDN BHD AND ITS GROUP OF COMPANIES
(Unless stated otherwise, all abbreviations used herein shall have the same meaning as those mentioned in the Company's announcement dated 10 February 2020.) We refer to the Letter of Offer from Vahana Holdings Sdn Bhd (“VHSB”) dated 10 February 2020 and our announcement on the even date in relation to the receipt of the offer from VHSB to acquire the entire issued and paid-up share capital of Vahana Offshore (M) Sdn Bhd, which currently owns the entire issued and paid-up share capital of Aryan-Inspire Pte Ltd, Arjun-Aspire Pte Ltd and Vahana Marine Solutions DMCC based on the terms and conditions as set out in the Letter of Offer (“Offer”) (“Proposed Transaction”). Upon due deliberation, the Board (save for the interested directors namely, Tan Sri Nathan Elumalay and Narishnath Nathan) has resolved to accept the Offer, subject to the finalization and execution of a definitive share sale agreement in respect of the Proposed Transaction (“Definitive Agreement”) and the fulfillment of the conditions precedent set out in the Letter of Offer and the Definitive Agreement. A copy of the letter from Eversendai to VHSB is attached. The Company and VHSB have on 10 March 2020 mutually agreed to extend the exclusivity period from 10 March 2020 to 31 March 2020 for the parties to finalise the terms and conditions of the Proposed Transaction and to execute the Definitive Agreement. Upon the execution of the Definitive Agreement, the Company shall make the relevant announcements in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. This announcement is dated 10 March 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3032442

Attachments Eversendai Corporation Berhad - Letter of Acceptance to Vahana Holdings Sdn Bhd - 10.3.2020.pdf

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Type	Announcement
Subject	OTHERS
Description	PRESS RELEASE : EVERSENDAI CONTINUES ITS WINNING STREAK
Please refer to the attachment below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3032861

Attachments Eversendai Corporation Berhad - Press Release - Eversendai continues its winning streak - 11.3.2020.pdf

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Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	Memorandum of Understanding between Eversendai Offshore RMC FZE ("EORF"), a subsidiary of Eversendai Corporation Berhad (the "Company") and Hyundai Engineering & Construction Co. Ltd. ("Hyundai")
1.0       INTRODUCTION             The Board of Directors of the Company is pleased to announce that EORF has on 24 April 2020 entered into a Memorandum of Understanding (“MOU”) with Hyundai for the             purpose of exploring business opportunities in the international construction market.              EORF and Hyundai are collectively referred to as “Parties” and individually referred to as “Party”. 2.0      INFORMATION OF HYUNDAI             Hyundai, company incorporated in South Korea is a leading international Engineering, Procurement and Construction (“EPC”) contractor.   3.0      OBJECTIVES AND RATIONALE OF THE MOU            a)         Hyundai is looking for global strategic partners to enhance its technical and commercial competitive edge and to promote its business opportunity in the international                               construction market.            b)         EORF is a long-term business partner of Hyundai and wishes to join forces with Hyundai and be its global strategic partner by providing its competitive proposal, based                           on a  wealth of its technical and financial resources, experience and expertise.            c)         Hyundai and EORF entered into the MOU to explore business opportunities as a global strategic partner in cooperation with, and for the best interest of each other. 4.0    SALIENT TERMS OF THE MOU           a)        Parties will introduce to each other construction projects related to EPC and investment opportunities arising worldwide, including but not limited to Plant Module projects.           b)        Parties will explore and evaluate the possibility of joint participations in projects and for such purpose, exchange such information or data as may be reasonably required                          by the other Party during the course of such discussions.           c)         If Parties agree to jointly participate in any projects, Parties will enter into a binding Preliminary Agreement to cooperate on an exclusive basis.           d)         The MOU is only intended to facilitate discussions on the general possibility of cooperation for future projects and shall not constitute an obligation or commitment of                                Parties to jointly participate in future projects or enter into the Preliminary Agreement.             e)         All information and data exchanged between Parties for the purpose of this MOU shall be treated as confidential and no Party shall disclose any such information or data                         to any third party, except when necessary for the purposes of the MOU. 5.0     TERMINATION OF THE MOU            If no Preliminary Agreement is executed, the MOU shall terminate upon the first occurrence of any of the following :-            a)        either Party, at any time, gives notice of its intention to terminate the MOU to the other Party; or            b)        after a period of five (5) years from the date of execution of the MOU, unless otherwise extended by mutual agreement of Parties. 6.0     FINANCIAL EFFECTS OF THE MOU           The MOU will not have any material effect on the share capital and substantial shareholders’ shareholdings of the Company and is not expected to have any material effect on                the net assets, earnings and gearing of the Company for the financial year ending 31 December 2020. 7.0     DIRECTORS’ STATEMENT           None of the Directors and/or substantial shareholders of the Company and/or person connected with them have any interest, direct and/or indirect, in the MOU.           Having considered all aspects of the MOU, the Board of Directors of the Company is of the opinion that the MOU is in the best interest of the Company. 8.0     APPROVAL REQUIRED           The MOU is not subject to the approval of shareholders of the Company. This announcement is dated 29 April 2020

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3047102

Attachments Press Release - Eversendai Signed MoU for Global Strategic Partnership .pdf

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（吉隆坡16日讯）依文仙台（SENDAI,5205,主板建筑组）建议以2送1比例，配送最多3亿9055万张凭单。

该公司发文告指出，上述凭单转换价定为32仙，即等于截至2020年6月15日包括在内的5天成交量加权平均市价29.65仙的7.93%溢价而定，其执行转换期为5年。

若是新凭单全面转换，该公司的股本将从目前的7亿8110万股，增加至最高11亿7165万股。

若是有关新凭单被转换，该公司所得资金将充当偿还现有贷款、营运资本需求，包括偿还贸易应付款项、员工成本、营运及行政开销等用途。

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Type	Announcement
Subject	OTHERS
Description	PRESS RELEASE : EVERSENDAI AWARDED 2 EUROPEAN OFFSHORE WIND RENEWABLE ENERGY PROJECTS
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3054723

Attachments Press Release - Eversendai Awarded 2 European Offshore Wind Renewable Energy Projects - 1.6.2020.pdf

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES
Description	EVERSENDAI CORPORATION BERHAD ("EVERSENDAI" OR "COMPANY")PROPOSED ISSUANCE OF UP TO 390,550,000 NEW FREE WARRANTS IN EVERSENDAI ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN EVERSENDAI HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED FREE WARRANTS")
On behalf of the Board of Directors of Eversendai, MIDF Amanah Investment Bank Berhad is pleased to announce that Eversendai proposes to undertake the proposed issuance of up to 390,550,000 new free Warrants on the basis of 1 Warrant for every 2 existing ordinary shares in Eversendai held on an entitlement date to be determined and announced later. Please refer to the attachment below for further details. This announcement is dated 16 June 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3059156

Attachments Eversendai Corporation Berhad - Proposed Free Warrants (16 June 2020).pdf

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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	228,496	399,629	228,496	399,629
2	Profit/(loss) before tax	-9,720	10,802	-9,720	10,802
3	Profit/(loss) for the period	-9,070	10,495	-9,070	10,495
4	Profit/(loss) attributable to ordinary equity holders of the parent	-10,145	11,141	-10,145	11,141
5	Basic earnings/(loss) per share (Subunit)	-1.30	1.43	-1.30	1.43
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 ($$)	1.1700		1.1300

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Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN QUALIFIED OPINION
Description	EVERSENDAI CORPORATION BERHAD (THE "COMPANY")- QUALIFIED OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019
Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Eversendai Corporation Berhad (“ECB” or “the Company”) wishes to announce that the Company’s External Auditors, Messrs. Baker Tilly Monteiro Heng PLT had expressed the following qualified opinion in the Company’s Audited Financial Statements for the financial year ended 31 December 2019: Qualified Opinion We have audited the financial statements of Eversendai Corporation Berhad, which comprise the statements of financial position as at 31 December 2019 of the Group and of the Company, and the statements of comprehensive income, statements of changes in equity and statements of cash flows of the Group and of the Company for the financial year then ended, and notes to the financial statements, including a summary of significant accounting policies, as set out on pages 7 to 109. In our opinion, except for the possible effects of the matters described in the Basis for Qualified Opinion section of our report, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 31 December 2019, and of their financial performance and cash flows for the financial year then ended in accordance with the Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia. Basis for Qualified Opinion 1. As disclosed in Note 14(a)(ii) to the financial statements, the carrying amount of the Property, Plant and Equipment and Right-of-Use Assets of Eversendai Offshore RMC FZE (“EVORF”) a wholly-owned indirect subsidiary of the Company, in Energy segment, amounted to RM274,711,000 and RM168,434,000 respectively. In view of the adverse changes in the oil and gas market and continuous losses incurred by the Energy segment, an impairment assessment on the Property, Plant and Equipment and Right-of- Use Assets of the subsidiary was necessary as required by MFRS 136 Impairment of Assets. However, due to the circumstances of environment in which the segment operates, the Group has not been able to reliably determine the recoverable amount of the segment using value-in-use. The Group is also unable to determine fair value less cost of disposal as reference to any orderly transaction to determine the fair value of these assets was generally not reliable under present circumstances. Nevertheless, the Group believes that the segment would perform well in the future with its recent job wins and global strategic partnership. As disclosed in Note 16(b) and Note 22(b), the Company’s cost of investment in Eversendai Offshore Sdn Bhd (“EOSB”), which is the holding company of EVORF and amount owing by EVORF amounted to RM39,314,000 and RM203,077,000 respectively. We were unable to obtain sufficient and appropriate audit evidence on the carrying amount of Property, Plant and Equipment and Right-of-Use Assets of EVORF as at 31 December 2019 as any impairment has not been reliably assessed by the Group in accordance with MFRS 136 Impairment of Assets. Therefore, we could not determine, the effect of adjustment, if any, on the financial statements of the Group. We were also unable to obtain sufficient and appropriate audit evidence on the Company’s cost of investment in subsidiary and amount owing from the subsidiary. Therefore, we could not determine, the effect of adjustment, if any, on the financial statements the Company. Basis for Qualified Opinion (continued) 2. As disclosed in Note 16(a)(i) to the financial statements, the audit of the financial statements of the subsidiary at Thailand, Eversendai S-Con Engineering Co Ltd (“ESECL”) for the financial year ended 31 December 2019 is yet to be completed and as such, the audited financial statements for the financial year 31 December 2019 are not available for the purpose of consolidation with the financial statements of the Group. The financial position and results of the subsidiary have been consolidated based on available management financial statements. We were unable to carry out procedures to obtain information we consider necessary on the management financial statements of the subsidiary during our audit of the financial statements of the Group. Therefore, we could not determine the effect of adjustments, if any, on the financial statements of the Group. The following are the Key Audit Matters as reported in the Independent Auditors’ Report of the financial year ended 31 December 2019:- Key audit matter How our audit addressed the key audit matter Revenue and corresponding costs recognition for construction activities (Note 4(b) and 5 to the financial statements) The amount of revenue and corresponding costs of the Group’s construction activities is recognised over the period of contract by reference to the progress towards complete satisfaction of that performance obligation. The progress towards complete satisfaction of performance obligation is determined by reference to proportion of construction costs incurred for works performed to date bear to the estimated total costs for each project. We focused on this area because significant directors’ judgement is required, in particular with regards to determining the progress towards satisfaction of a performance obligation, the extent of the construction costs incurred, the estimated total construction contracts revenue and costs, as well as the recoverability of the construction contracts projects. The estimated total revenue and costs are affected by a variety of uncertainties that depend on the outcome of future events. Our audit procedures included, among others, ▪ reading the terms and conditions of certain agreements with customers; ▪ understanding the Group’s process in preparing project budget and the calculation of the progress towards anticipated satisfaction of a performance obligation; ▪ comparing directors’ major assumptions to contractual terms and discussing with project manager; ▪ assessing the reasonableness of computed progress towards anticipated satisfaction of a performance obligation for certain identified projects against architect or consultant certificate; ▪ checking the mathematical computation of recognised revenue and corresponding costs for certain projects during the financial year; and ▪ performing the review of the audit working paper of the component auditor Recoverability of receivables and contract assets related to the construction of liftboats for a related party (Note 4(c), 19 and 20 to the financial statements) The Group has significant trade receivables and contract assets related to the construction of liftboats for a related party as at 31 December 2019. We focused on this area because the Group made judgements over assumptions about risk of default and expected loss rate. The assessment on recoverability of the receivables and contract assets related to the construction of liftboats for a related party involves judgement from the directors. Our audit procedures included, among others; ▪ assessing the related party’s financial position to assess its ability to repay the remaining balances; ▪ reviewing and understanding the Facility Agreement provided by the management relating to the finance of the liftboats; and ▪ performing the review of the audit working paper of the component auditor. Right-of-use assets and lease liabilities (Note 4(d), 14(e) and 28 to the financial statements) During the financial year, the Group has adopted MFRS 16 Leases and has recognised right-of-use (“ROU”) assets and lease liabilities on the date of initial application. We focused on this area because the measurement of the right-of-use assets and lease liabilities requires the application of significant judgement by the Group in determining the lease term, lease payment and incremental borrowing rate. Our audit procedures included, among others: ▪ evaluating the Group’s assessment on the MFRS 16 impact arising from initial application; ▪ reading the salient terms of certain agreements; ▪ obtaining an understanding on the judgement and estimates made by the Group on key inputs in the computation of ROU assets and lease liabilities; and ▪ testing the mathematical accuracy of the computation of the ROU assets and lease liabilities; and ▪ performing the review of the audit working paper of the component auditor. Steps taken or proposed to be taken to address the qualified opinion & the timeline On 29 April 2020, the wholly-owned indirect subsidiary of the Company, Eversendai Offshore RMC FZE (“EVORF”) has inked Memorandum of Understanding (“MoU”) with Hyundai Engineering & Construction Co Ltd as global strategic partner in modular construction and fabrication work for the construction and energy sector. EVORF has also made its maiden venture into the Offshore Wind Renewable Energy industries in late 2019 and more recently has secured two (2) additional European offshore wind renewable energy (“RE”) projects worth RM186mil in June 2020.  EVORF expects a good utilisation of its fabrication yard in 2020 with the order book secured and on the back of these recent diversification efforts, EVORF is positioned well in the modular construction work and in the European Wind Renewable Energy sector to secure more projects going forward which would increase the utilisation of the EVORF fabrication yard. The subsidiary in Thailand, Eversendai S-Con Engineering Co Ltd (“ESECL”) delayed in finalising the audited financial statements for the year ended 31 December 2019 due to Coronavirus Disease 2019 (COVID-19) lockdown. The company shall follow up to complete the audit of the financial statements for the year ending 31 December 2019 by September 2020. This announcement is dated 30 June 2020.

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Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	EVERSENDAI CORPORATION BERHAD ("EVERSENDAI" OR "COMPANY")(I)        PROPOSED ACQUISITION; (II)        PROPOSED DIVERSIFICATION; AND (III)        PROPOSED AMENDMENTS.
Further to the announcements made by the Company on 10 February 2020, 10 March 2020, 31 March 2020, 30 April 2020 and 1 June 2020, MIDF Amanah Investment Bank Berhad wishes to announce on behalf of the Board of Directors of Eversendai that Eversendai had on 30 June 2020 entered into a conditional share sale agreement (“SSA”) with Vahana Holdings Sdn. Bhd. in relation to the proposed acquisition of 100% equity interest in Vahana Offshore (M) Sdn. Bhd., for a purchase consideration of RM235,000,000 to be fully satisfied via the issuance of 770,491,803 new redeemable convertible preference shares in Eversendai ("RCPS") at an issue price of RM0.305 each, upon and subject to the terms and conditions of the SSA ("Proposed Acquisition"). In conjunction with the Proposed Acquisition, the Company proposes to undertake the following: (I) proposed diversification of the principal activities of Eversendai and its subsidiaries to include ownership, operation, chartering and management of liftboats, marine vessels, tugs and barges ("Proposed Diversification"); and (II) proposed amendments to the Constitution of Eversendai to facilitate the issuance of the RCPS pursuant to the Proposed Acquisition ("Proposed Amendments"). Please refer to the attachment below for further details of the Proposed Acquisition, Proposed Diversification and Proposed Amendments. This announcement is dated 30 June 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3064761

Attachments Eversendai Corporation Berhad - Proposals (30 June 2020).pdf

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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	192,563	379,885	421,059	779,514
2	Profit/(loss) before tax	-26,070	11,106	-35,790	21,908
3	Profit/(loss) for the period	-26,188	10,371	-35,258	20,866
4	Profit/(loss) attributable to ordinary equity holders of the parent	-26,321	8,369	-36,466	19,510
5	Basic earnings/(loss) per share (Subunit)	-3.37	1.07	-4.67	2.50
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 ($$)	1.1100		1.1300

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Type	Announcement
Subject	OTHERS
Description	Eversendai Corporation Berhad (the "Company" or "Eversendai")Disposal of Shares in Eversendai S-Con Engineering Co. Ltd (S-Con)
1.         INTRODUCTION Eversendai Corporation Berhad (the “Company”) wishes to announce that its wholly-owned subsidiary, Eversendai Construction (S) Pte. Ltd. (“ECSPL”) had, on 22 September 2020, entered into a Share Sale Agreement (the “Agreement”) for the disposal of 40,000 ordinary shares (“Class B shares”) and 10,000 preference shares (“Class D shares”) in S-Con which represents 49.5% of the issued and paid up share capital in S-Con (“Proposed Disposal”). Upon completion of the Proposed Disposal, S-Con shall cease to be a subsidiary of the ECSPL. 2.         INFORMATION OF S-CON S-Con was incorporated on 30 December 1992 in Thailand and currently has an authorized share capital of THB10,100,000.00 million comprising of 101,000 shares of THB100.00 each which have been issued and fully paid-up. S-Con’s principal activity is in the business of steel fabrication and installation. 3.         RATIONALE OF THE PROPOSED DISPOSAL ECSPL has decided to dispose its shares in S-Con due to lack of opportunities in Thailand resulting from the difficult business environment and to reduce possible adverse effects in the operation of Eversendai and its group of companies. 4.         FINANCIAL EFFECTS 4.1         Issued share capital, substantial shareholders’ shareholdings, net assets and gearing The Proposed Disposal will not have any effect on the issued share capital and the shareholdings of the substantial shareholders of the Company as the Proposed Disposal does not involve any issuance of new ordinary shares of the Company. The Proposed Disposal is not expected to have any material effect on the net assets and gearing of Eversendai Group. 4.2         Earnings and earnings per share (“EPS”) Upon completion of the Proposed Disposal, Eversendai Group expects to realise an estimated net gain on disposal of approximately RM3.9 million. 5.         DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the directors and/or major shareholders in the Company and/or persons connected to them have any interest, direct or indirect, in the Proposed Disposal. 6.         DIRECTORS’ STATEMENT The Board of Directors of the Company, having considered all the relevant factors in respect of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of the Company. This announcement is dated 24 September 2020.

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EVERSENDAI CORPORATION BERHAD

Entitlement subject	Bonus Issue
Entitlement description	ISSUANCE OF UP TO 390,550,000 NEW FREE WARRANTS IN EVERSENDAI CORPORATION BERHAD ("EVERSENDAI") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN EVERSENDAI HELD BY ENTITLED SHAREHOLDERS AT 5.00 P.M., ON 15 OCTOBER 2020 ("FREE WARRANTS")
Shareholder's Approval	Yes
Ex-Date	14 Oct 2020
Entitlement date	15 Oct 2020
Entitlement time	5:00 PM
Financial Year End
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Securities Crediting Date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	15 Oct 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)	390,550,000
Entitlement indicator	Ratio
Par Value (if applicable)
Securities Entitlement
Company Name	EVERSENDAI CORPORATION BERHAD
Entitlement	Warrants
Ratio (New : Existing)	1.0000 : 2.0000