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【SYGROUP 5173 交流专区】(前名 SYSCORP )

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发表于 21-9-2017 04:47 AM | 显示全部楼层
遭拖欠600万
昇阳船务诉印尼客户


2017年9月21日
(吉隆坡20日讯)昇阳船务机构(SYSCORP,5173,主板贸服股)起诉印尼客户Gemilang Raya Maritime(简称PTGRM),因被拖欠支付高达600万令吉的购买4艘船只费用。

昇阳船务机构日前向交易所报备,独资子公司昇阳船务私人有限公司上周三(13日),向北雅加达地方法院提出诉讼。

该公司指出,已在去年10月出售和交付4艘船只给PTGRM,且也在今年3月和4月向后者发出两封律师信,以追讨款项,惟后者至今仍尚未付款。

PTGRM共向昇阳船务机构购买4只船只,总值600万令吉,分别是价值同样为190万令吉的Tugboat Danum 89和Tugboat Danum 95及价格同为110万令吉的Barge Ship Linau 51和Barge Ship Linau 52。

昇阳船务机构称,向PTGRM的理赔控诉理由扎实,并将采取所有行动索赔。【e南洋】



Type
Announcement
Subject
MATERIAL LITIGATION
Description
Material Litigation and Statement of Claim at North Jakarta District Court at Central Jakarta, Perdata No. 323/Pdt.G/2017/PIN.JKT.UTR
The Board of Directors of Shin Yang Shipping Corporation Berhad (“SYSCorp” or “the Company”) wishes to announce that Shin Yang Shipping Sdn. Bhd. (“SYS” or “the Plaintiff”), a wholly owned subsidiary of the Company, had on 13th September 2017, via its solicitors, Ali Budiardjo, Nugroho, Reksodiputro - Counsellors at Law , filed its claim in the North Jakarta District Court at Central Jakarta against PT Gemilang Raya Maritime (“the Defendant”) for the following.

The Plaintiff has sold and delivered four (4) Vessels by way of Protocol of Delivery and Acceptance dated 6 October 2016 to the Defendant. The Defendant as the purchaser for the Vessels did not complied to its legal obligation to make the necessary payments of the Vessels purchased in accordance to the Memorandum of Agreement dated 1 October 2016. The Plaintiff had sent two (2) demand letters to the Defendant each dated 20 March 2017 and 27 April 2017 respectively, however, the Defendants did not respond to any of the Plaintiff’s demand letters.

1. The particulars of the Statement of Claim are as follows: a) Total purchase consideration sum of RM6,000,000.00 (Six Million Malaysian Ringgit); which comprise of the following details.
o The purchase price of Tugboat Danum 89 (presently vessel’s name has been changed to GRM Indramayu) with the amount of RM1,900,000.00 (one million nine hundred thousand Malaysian Ringgit)
o The purchase price of Tugboat Danum 95 (presently vessel’s name has been changed to GRM Asahan) with the amount of RM1,900,000.00 (one million nine hundred thousand Malaysian Ringgit);
o The purchase price of Barge Ship Linau 51 (presently vessel’s name has been changed to GRM Polewali) with the amount of RM1,100,000.00 (one million one hundred thousand Malaysian Ringgit);
o The purchase price of Barge Ship Linau 52 (presently vessel’s name has been changed to GRM Sipirok) with the amount of RM1,100,000.00 (one million one hundred thousand Malaysian Ringgit);and

2. Impact
The Company believe that have good ground to the above claims and shall take all actions to make such claims. There shall be no impact on the Company’s operations.

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 18 September 2017.


Type
Announcement
Subject
MATERIAL LITIGATION
Description
Material Litigation and Statement of Claim at North Jakarta District Court at Central Jakarta, Perdata No. 323/Pdt.G/2017/PIN.JKT.UTR
We refer to our announcement dated 18 September 2017 (“Announcement”) in relation to the Statement of Claim.
Unless stated otherwise, definitions used in this reply shall carry the same meaning as defined in the Announcement.

Interest rate on the amount claimed for:-
Other than the total Purchase consideration sum of RM 6,000,000.00 of the disposed Vessels, the Plaintiff is not specifically claiming for the interest on the judgement sum but the interest rate to be determined by the Court from the date of filing of the claim.

Financial impact of the Litigation on SYSCORP group:-

In the event that the Company loses the case, the financial impact to the Company shall be limited to the total net book value of the vessels whereas the average age of the barges was 14 years old and on the average age of the tugboats was 8 years old at the time of the disposal.

This announcement is dated 20 September 2017

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发表于 2-12-2017 04:47 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
INCORPORATION OF WHOLLY OWNED SUBSIDIARY NAMELY DYNASYS TECHNOLOGY & ENGINEERING SDN. BHD.
Pursuant to para 9.19 (23) of the Main Market Listing Requirements,the Board of Directors of Shin Yang Shipping Corporation Berhad (“SYSCorp” or “the Company”) wishes to announce that the Company had incorporated a wholly owned subsidiary company in Malaysia under the Companies Act, 2016 ("Act"), namely Dynasys Technology & Engineering Sdn Bhd (“DTESB”).

(1) Information on Subsidiary
The initial issued share capital of DTESB is RM 100.00 comprising 100 ordinary shares.
The current Directors of DTESB are Mr. Lau Sie Ping, Mr. Ling Chiong Sing and Mr. Vincent Ling Lu Yew.
The intended principal activity of DTESB is engaging in business of engineering consultants and technical engineering services.

(2) Financial Effects
The incorporation will not have a material effect on the earnings per share and net assets per share of the Company for the financial year ending 30 June 2018.
There is no impact on the share capital and major shareholders’ shareholdings in the Company as the incorporation is a cash transaction.
The consideration will be funded by internally generated funds and that there are no liabilities to be assumed by the Company arising from the above incorporation.

(3) Approval Required
The Incorporation is not subjected to the approval of shareholders and any government authorities.

(4) Directors’ and Major Shareholders’ Interest
None of the Directors, major shareholders and/or persons connected to the Directors and major shareholders has any interest, direct or indirect, in the above incorporation.

(5) Statement by the Board of Directors
The Board of Directors having considered all aspects of the abovementioned incorporation is of the opinion that the incorporation is in the best interest of SYSCorp Group.

This announcement is dated 27 November 2017.

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发表于 9-12-2017 06:31 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2017
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2017
30 Sep 2016
30 Sep 2017
30 Sep 2016
$$'000
$$'000
$$'000
$$'000
1Revenue
131,033
131,272
131,033
131,272
2Profit/(loss) before tax
6,487
1,236
6,487
1,236
3Profit/(loss) for the period
5,773
627
5,773
627
4Profit/(loss) attributable to ordinary equity holders of the parent
5,848
-626
5,848
-626
5Basic earnings/(loss) per share (Subunit)
0.49
-0.05
0.49
-0.05
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 ($$)
0.9700
0.9600

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发表于 27-2-2018 05:37 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2017
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1Revenue
139,920
161,690
270,952
292,962
2Profit/(loss) before tax
10,216
1,944
16,704
3,181
3Profit/(loss) for the period
8,959
1,330
14,732
1,958
4Profit/(loss) attributable to ordinary equity holders of the parent
8,459
2,481
14,307
1,856
5Basic earnings/(loss) per share (Subunit)
0.70
0.21
1.19
0.15
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 ($$)
0.9800
0.9600

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发表于 31-5-2018 06:21 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2018
31 Mar 2017
31 Mar 2018
31 Mar 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
175,736
142,899
446,688
435,861
2Profit/(loss) before tax
6,675
-9,832
23,379
-6,652
3Profit/(loss) for the period
6,804
-9,794
21,536
-7,837
4Profit/(loss) attributable to ordinary equity holders of the parent
6,507
-7,140
20,813
-5,285
5Basic earnings/(loss) per share (Subunit)
0.54
-0.60
1.73
-0.44
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 ($$)
0.9800
0.9600

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发表于 17-7-2018 03:05 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
ACQUISITION OF ADDITIONAL SHARES IN SINAR ASIAMAS SDN BHD

1. INTRODUCTION
Pursuant to paragraph 9.19 (23) of the Main Market Listing Requirements, the Board of Directors of Shin Yang Shipping Corporation Berhad (“SYSCORP”) is pleased to announce that Danum Shipping Sdn Bhd (“DSSB”), a 100%-owned subsidiary of SYSCorp, had on 16th July 2018, acquired additional 45,000 ordinary shares, representing 45.0% of the paid-up share capital of Sinar Asiamas Sdn Bhd (“Sinar”) from Sarawak Oil Palm Berhad (“SOPB”), for a total cash consideration of RM1.00 (“Acquisition”).
Upon completion of the Acquisition, Sinar will become a wholly-owned subsidiary of SYSCORP

2. INFORMATION ON SINAR
Sinar was incorporated under the laws of Malaysia, as a private limited company on 13 July 2016 and its present issued and paid-up share capital is RM100,000.00 comprises of 100,000 ordinary shares of RM1.00 each.
Shareholders
Existing Shareholding
After Acquisition Shareholding
Number of shares
%
Number of shares
%
DSSB
55,000
55
100,000
100
SOPB
45,000
45
0
0
Total
100,000
100
100,000
100

3. RATIONAL FOR THE ACQUISITION
The principal activity of SINAR is engaging as Commercial, Technical and Shippings Managers. The Acquisition is part of SYSCorp’s plan to consolidate its shipping business to both domestic and ASEAN regions. The Acquisition would widen the network coverage and increase the presence in the ASEAN regions.

4. BASIS OF ARRIVING AT THE PURCHASE CONSIDERATION
The Acquisition at total consideration of Ringgit Malaysia One (RM1.00) only for 45,000 ordinary shares at RM1.00 each was arrived at on a willing buyer willing seller basis.
The Acquisition will be funded wholly from internally generated funds of Danum Shipping Sdn Bhd.

5. FINANCIAL EFFECTS
The Acquisition is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholdings of the Company and SYSCORP Group for the financial year ending 30 June 2019.

6. APPROVAL REQUIRED
The Acquisition is not subject to the approval of the Shareholders of SYSCORP and/ or other relevant authorities.

7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
Tan Sri Datuk Ling Chiong Ho and Mr. Ling Chiong Sing are the Directors of SYSCORP, who also are the Directors of SOPB, are deemed to have an interest in the Acquisition by virtue of their common directorship and being substantial shareholders of SYSCORP and also SOPB.
Saved as disclosed above, none of the Directors, major shareholders of SYSCORP or its subsidiaries and/or persons connected with them, has any interest, direct or indirect, in the Acquisition.

8. STATEMENT BY DIRECTORS
The Board of Directors of SYSCORP, after having considered all aspects of the Acquisition, is of the opinion that the Acquisition is in the best interest of the Company and SYSCORP Group as well as fair, reasonable and on normal commercial terms and not detrimental to the interest of the minority shareholders of the Company.

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发表于 1-9-2018 06:36 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2018
30 Jun 2017
30 Jun 2018
30 Jun 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
174,415
163,219
621,104
599,080
2Profit/(loss) before tax
4,995
10,039
28,374
3,388
3Profit/(loss) for the period
4,701
12,494
26,237
4,657
4Profit/(loss) attributable to ordinary equity holders of the parent
3,528
11,073
24,341
5,788
5Basic earnings/(loss) per share (Subunit)
0.29
0.92
2.03
0.48
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 ($$)
0.9800
0.9600

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发表于 30-12-2018 06:52 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2018
30 Sep 2017
30 Sep 2018
30 Sep 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
159,687
131,033
159,687
131,033
2Profit/(loss) before tax
2,244
6,487
2,244
6,487
3Profit/(loss) for the period
2,102
5,773
2,102
5,773
4Profit/(loss) attributable to ordinary equity holders of the parent
2,242
5,848
2,242
5,848
5Basic earnings/(loss) per share (Subunit)
0.19
0.49
0.19
0.49
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 ($$)
0.9985
0.9816

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发表于 9-3-2019 06:57 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2018
31 Dec 2017
31 Dec 2018
31 Dec 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
177,630
139,920
337,317
270,952
2Profit/(loss) before tax
-5,507
10,216
-3,263
16,704
3Profit/(loss) for the period
-5,660
8,959
-3,558
14,732
4Profit/(loss) attributable to ordinary equity holders of the parent
-5,910
8,459
-3,668
14,307
5Basic earnings/(loss) per share (Subunit)
-0.50
0.70
-0.31
1.19
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 ($$)
0.9900
0.9800

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发表于 13-4-2019 06:52 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Disposal of Equity Interest in Shin Yang Shipbuilding & Engineering RMC FZC ("SYSBE")
(The Ringgit Malaysia equivalent for this Announcement is based on the middle exchange rate quoted on Bank Negara Malaysia website as at 5.00 pm on 1st April 2019 of AED100:RM111.)

1.            INTRODUCTION
The Board of Directors of Shin Yang Shipping Corporation Berhad (“SYSCorp” or “Company”) wishes to announce that the Company has on 1st April 2019 received a stamped Statutory Confirmation from Ras Al Khaimah Maritime City Free Zone Authority, Government of Ras Al Khaimah, United Arab Emirates that Shin Yang FZC (“SYFZC” or “Vendor”), a 90% owned indirect subsidiary of SYSCorp had on 13th March 2019 disposed of its entire 45% equity interest comprising 450 shares in the capital of Shin Yang Shipbuilding & Engineering RMC FZC (“SYSBE”) as follow:-
   a) 35% equity interest comprising 350 shares in capital of SYSBE to Solaris Petra Sdn. Bhd. (“SPSB”) for a cash consideration of AED 10.00 (equivalent to RM11.10); and
   b) 10% equity interest comprising 100 shares in capital of SYSBE to Juma Khalifa Obaid Abushibs (“JUMA”) for a cash consideration of AED 1.00 (equivalent to RM 1.11)
   (“Disposal ”)
Pursuant to the Disposal, Shin Yang Shipbuilding & Engineering RMC FZC has ceased to be an associated company of the Company.

2.            INFORMATION ON SYSBE
SYSBE was incorporated in United Arab Emirates under the regulations of Ras Al Khaimah Maritime City Free Zone Authority as a Free Zone limited liability company on 21 June 2010.
The authorised share capital of SYSBE is AED 1,000,000.00 with an issued and paid-up capital of 1,000 Shares.
The principal activity of SYSBE is ship repair and fabrication.

3.            RATIONALE
The Company decided that it is not feasible to continue the business as it anticipated higher cost of operations and returns from this investment do not meet the Company’s expectation.

4.            Basis of Arriving at the Disposal Consideration
The Disposal Consideration  was paid  in  cash  and  is  based  on  a  willing  buyer  and  willing  seller basis.

5.            FINANCIAL EFFECTS
The Disposal is not expected to have any material effect on the net assets per share, earnings per share, gearing and share capital or the substantial shareholders’ shareholdings of the Company and SYSCorp Group for the financial year ending 30 June 2019.

6.            MAJOR SHAREHOLDERS’ AND DIRECTORS’ INTERESTS
Juma is deemed to have an interest in the Disposal by virtual of his directorship in SYFZC and being the minor shareholder of SYSCorp.
Saved as disclosed above, none of the Directors, major shareholders of SYSCorp or its subsidiaries and/or persons connected with them, has any interest, direct or indirect in the Disposal.

7.            APPROVAL REQUIRED
The transactions do not require the approvals of the shareholders of SYSCorp nor of any government authorities.

8.            DIRECTORS’ STATEMENT
The Board of Directors having considered all aspects of the Disposal is of the opinion that the Disposal is in the best interest of the Company and the Group as well as fair, reasonable and on normal commercial terms and not detrimental to the interest of the minority shareholders of the Company.


This announcement is dated 2nd April 2019.



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发表于 2-7-2019 05:49 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2019
31 Mar 2018
31 Mar 2019
31 Mar 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
135,622
175,736
472,939
446,688
2Profit/(loss) before tax
-14,272
6,675
-17,535
23,379
3Profit/(loss) for the period
-14,323
6,804
-17,881
21,536
4Profit/(loss) attributable to ordinary equity holders of the parent
-14,953
6,507
-18,621
20,813
5Basic earnings/(loss) per share (Subunit)
-1.27
0.54
-1.58
1.73
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 ($$)
0.9800
0.9800

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发表于 18-7-2019 07:13 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
DISPOSAL OF 50.50% EQUITY INTEREST IN PT SHINLINE
(The Ringgit Malaysia equivalent for this Announcement is based on the middle exchange rate quoted on Bank Negara Malaysia website as at 5.00 pm on 27th June 2019 of USD:RM4.1450.)


1.            INTRODUCTION

The Board of Directors of Shin Yang Shipping Corporation Berhad (“SYSCorp”) wishes to announce that Shin Yang Shipping Sdn Bhd (“SYS”), a wholly owned subsidiary of SYSCorp had on 27th June 2019 disposed of its 50.50% equity interest comprising 252,500 shares in the capital of PT Shinline (“PTSL”) for a cash consideration of USD 126,250 (equivalent to RM 523,306.25) (“Disposal ”)

Pursuant to the Disposal, PTSL has ceased to be a subsidiary, and becomes an associate company of the SYSCorp.


2.            INFORMATION ON PTSL

PTSL was incorporated in in Indonesia under the Law of the Republic of Indonesia on 10 July 2013 .

The authorized share capital of PTSL is USD 500,000.00 divided into 500,000 ordinary shares of USD 1.00 each which 500,000 ordinary shares of USD 1.00 each have been issued and are fully paid.

The principal activity of PTSL is to provide management consultancy service.

3.            RATIONALE

The Proposed Disposals are in line with the streamlining of SYSCorp Group’s earnings and
consolidation of business activities.

4.            Basis of Arriving at the Disposal Consideration

The Disposal Consideration  was paid  in  cash  and  is  based  on  a  willing  buyer  and  willing  seller basis.


5.            FINANCIAL EFFECTS

The Disposal is not expected to have any material effect on the net assets per share, earnings per share, gearing and share capital or the substantial shareholders’ shareholdings of SYSCorp Group for the financial year ending 30 June 2019.


6.            MAJOR SHAREHOLDERS’ AND DIRECTORS’ INTERESTS
Except for Tan Sri Datuk Ling Chiong Ho and Mr. Ling Chiong Sing, who are the directors and substantial shareholders of SYSCorp, and also the shareholders of PTSL, none of the other directors and/or major shareholders of the SYSCorp group and/or persons connected with them has any interest, direct or indirect in the Disposal.


7.            APPROVAL REQUIRED

The transactions do not require the approvals of the shareholders of SYSCorp nor of any government authorities.


8.            DIRECTORS’ STATEMENT

The Board of Directors having considered all aspects of the Disposal is of the opinion that the Disposal is in the best interest of SYSCorp and the Group as well as fair, reasonable and on normal commercial terms and not detrimental to the interest of the minority shareholders of SYSCorp.



This announcement is dated 28th June 2019.



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发表于 26-7-2019 04:03 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
DISPOSAL OF 41.0% EQUITY INTEREST IN SHIN YANG FZC
(The Ringgit Malaysia equivalent for this Announcement is based on the middle exchange rate quoted on Bank Negara Malaysia website as at 5.00 pm on 23rd July 2019 of AED100:RM 112.1034)


1.            INTRODUCTION

The Board of Directors of Shin Yang Shipping Corporation Berhad (“SYSCorp”) wishes to announce that SYSCorp has on 23rd July 2019 received a stamped Share Sale and Purchase Agreement from our Ras Al Khaimah office, that Shin Yang Shipping Sdn Bhd (“SYS”), a wholly owned subsidiary of SYSCorp had on 27th June 2019 disposed of its 41.0% equity interest comprising 1,640 shares of AED 1,000 each in the capital of Shin Yang Free Zone Company (“SYFZC”) for a cash consideration of AED 1,640,000 (equivalent to RM 1,838,495.76) (“Disposal ”)

Pursuant to the Disposal, SYFZC has ceased to be a subsidiary, and becomes an associate company of the SYSCorp.


2.            INFORMATION ON SYFZC

SYFZC was incorporated in Ras Al Khaimah Free Zone (RAK), United Arab Emirates under United Arab Emirates law.

The authorized paid up share capital of SYFZC is AED 4,000,000.00 divided into 4,000 ordinary shares of AED 1,000 each.

The principal activities of SYFZC are investment holding and engaged in offshore and marine related shipping business.

3.            INFORMATION ON PURCHASER

Juma Khalifa Obaid Abushibs (Emirates National) is the existing owner of and holds 400 shares comprising 10.0% of the issued shares of SYFZC. With the purchase of additional 41.0% of equity interest in SYFZC, Juma Khalifa Obaid Abushibs become the 51% equity owner of SYFZC, with holding 2,040 shares of AED 1,000 each.

4.            RATIONALE

The Disposal is in line with the streamlining of SYSCorp Group’s earnings and consolidation of business activities.

5.            Basis of Arriving at the Disposal Consideration

The Disposal Consideration  was paid  in  cash  and  is  based  on  a  willing  buyer  and  willing  seller basis.


6.            FINANCIAL EFFECTS

The Disposal is not expected to have any material effect on the net assets per share, earnings per share, gearing and share capital or the substantial shareholders’ shareholdings of SYSCorp Group for the financial year ending 30 June 2019.

7.            APPLICABLE PERCENTAGE RATIOS

The highest percentage ratio applicable to the Disposal pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.51%, as based on the audited consolidated financial statements of SYSCorp for the financial year ended 30 June 2018.


8.            MAJOR SHAREHOLDERS’ AND DIRECTORS’ INTERESTS
None of the directors and/or major shareholders of the SYSCorp group and/or persons connected with them has any interest, direct or indirect in the Disposal.

9.            APPROVAL REQUIRED

The transactions do not require the approvals of the shareholders of SYSCorp nor of any government authorities.


10.          DIRECTORS’ STATEMENT

The Board of Directors having considered all aspects of the Disposal is of the opinion that the Disposal is in the best interest of SYSCorp and the Group as well as fair, reasonable and on normal commercial terms and not detrimental to the interest of the minority shareholders of SYSCorp.



This announcement is dated 24th July 2019.



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发表于 1-9-2019 04:42 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2019
30 Jun 2018
30 Jun 2019
30 Jun 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
164,045
174,415
636,984
621,104
2Profit/(loss) before tax
-68,352
4,995
-85,888
28,374
3Profit/(loss) for the period
-68,538
4,701
-86,420
26,237
4Profit/(loss) attributable to ordinary equity holders of the parent
-68,754
3,528
-87,376
24,341
5Basic earnings/(loss) per share (Subunit)
-5.87
0.29
-7.44
2.03
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 ($$)
0.9200
0.9800

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发表于 20-3-2020 06:00 AM | 显示全部楼层
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
1Revenue
171,708
159,687
171,708
159,687
2Profit/(loss) before tax
-13,409
2,244
-13,409
2,244
3Profit/(loss) for the period
-13,579
2,102
-13,579
2,102
4Profit/(loss) attributable to ordinary equity holders of the parent
-13,809
2,242
-13,809
2,242
5Basic earnings/(loss) per share (Subunit)
-1.18
0.19
-1.18
0.19
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 ($$)
0.9000
0.9200

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发表于 30-4-2020 06:20 AM | 显示全部楼层
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
1Revenue
155,859
177,630
327,567
337,317
2Profit/(loss) before tax
-22,818
-5,507
-36,228
-3,263
3Profit/(loss) for the period
-22,955
-5,660
-36,535
-3,558
4Profit/(loss) attributable to ordinary equity holders of the parent
-23,224
-5,910
-37,034
-3,668
5Basic earnings/(loss) per share (Subunit)
-1.98
-0.50
-3.16
-0.31
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 ($$)
0.8800
0.9200

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发表于 9-7-2020 08:48 AM | 显示全部楼层
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
1Revenue
155,190
135,622
482,756
472,939
2Profit/(loss) before tax
-83,183
-14,272
-119,410
-17,535
3Profit/(loss) for the period
-83,134
-14,323
-119,668
-17,881
4Profit/(loss) attributable to ordinary equity holders of the parent
-83,269
-14,953
-120,303
-18,621
5Basic earnings/(loss) per share (Subunit)
-7.11
-1.27
-10.27
-1.58
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 ($$)
0.8100
0.9200

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发表于 3-1-2021 08:40 AM | 显示全部楼层
本帖最后由 icy97 于 6-7-2021 09:48 AM 编辑

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
1Revenue
116,407
164,045
599,164
636,984
2Profit/(loss) before tax
-41,267
-68,352
-160,677
-85,888
3Profit/(loss) for the period
-40,162
-68,538
-159,830
-86,420
4Profit/(loss) attributable to ordinary equity holders of the parent
-40,212
-68,754
-160,515
-87,376
5Basic earnings/(loss) per share (Subunit)
-3.44
-5.87
-13.71
-7.44
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 ($$)
0.7700
0.9200



SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2020
30 Sep 2019
30 Sep 2020
30 Sep 2019
$$'000
$$'000
$$'000
$$'000
1Revenue
138,143
171,708
138,143
171,708
2Profit/(loss) before tax
3,383
-13,409
3,383
-13,409
3Profit/(loss) for the period
3,226
-13,579
3,226
-13,579
4Profit/(loss) attributable to ordinary equity holders of the parent
2,955
-13,809
2,955
-13,809
5Basic earnings/(loss) per share (Subunit)
0.25
-1.18
0.25
-1.18
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 ($$)
0.7800
0.7800

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发表于 22-1-2022 09:05 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2021
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2021
30 Sep 2020
30 Sep 2021
30 Sep 2020
$$'000
$$'000
$$'000
$$'000
1Revenue
181,045
138,143
181,045
138,143
2Profit/(loss) before tax
13,358
3,383
13,358
3,383
3Profit/(loss) for the period
12,213
3,226
12,213
3,226
4Profit/(loss) attributable to ordinary equity holders of the parent
11,912
2,955
11,912
2,955
5Basic earnings/(loss) per share (Subunit)
1.02
0.25
1.02
0.25
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 ($$)
0.8000
0.7900

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发表于 26-9-2022 08:55 PM 来自手机 | 显示全部楼层
SYSCORP~昇陽船務股价近一个月连续攀升0.375-0.875暴涨了一倍以上。。最新财报无论营业额或盈利都*喷井式大爆发

千里马*指日可待
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