【SG 5157 交流专区】（前名 SAUDEE）

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SAUDEE GROUP BERHAD

Date of change	11 Aug 2020
Name	MR MAK SIEW WEI
Age	45
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Management Information System	United States

Working experience and occupation	Mr Mak started his career as Business Development Manager for Marvic International (NY) Ltd in New York for 3 years. He currently sits on the Board of Advance Information Marketing Berhad, AT Systematization Berhad and Green Ocean Corporation Berhad as an Executive Director.
Directorships in public companies and listed issuers (if any)	1. Advance Information Marketing Berhad2. AT Systematization Berhad3.Green Ocean Corporation Berhad

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SAUDEE GROUP BERHAD

Particulars of substantial Securities Holder

Name	WIDE SYMBOL SDN. BHD.
Address	Plot 331 Taman Perindustrian Sungai Petani Fasa III Sungai Petani 08000 Kedah Malaysia.
Company No.	199601001391
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Warrant

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	10 Aug 2020	5,055,400	Disposed	Direct Interest
	Name of registered holder	Wide Symbol Sdn. Bhd.
	Address of registered holder	Plot 331 Taman Perindustrian Sungai Petani Fasa III 08000 Sungai Petani Kedah
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Open Market Disposal
Nature of interest	Direct Interest
Direct (units)	2,944,699
Direct (%)	6.544
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	2,944,699
Date of notice	11 Aug 2020
Date notice received by Listed Issuer	11 Aug 2020

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Notice of Person Ceasing (Section 139 of CA 2016)

SAUDEE GROUP BERHAD

Particulars of Substantial Securities Holder

Name	MR TAN KHANG KHIM
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name of registered holder	Tan Khang Khim
Date of cessation	10 Aug 2020

No of securities disposed	59,103,276
Circumstances by reason of which a person ceases to be a substantial shareholder	Open Market Disposal/ Direct Business Transaction
Nature of interest	Direct and Indirect Interest
Date of notice	11 Aug 2020
Date notice received by Listed Issuer	11 Aug 2020

Name	WIDE SYMBOL SDN. BHD.
Address	Plot 331 Taman Perindustrian Sungai Petani Fasa III Sungai Petani 08000 Kedah Malaysia.
Company No.	199601001391
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name of registered holder	Wide Symbol Sdn. Bhd.
Address of registered holder	Plot 331 Taman Perindustrian Sungai Petani Fasa III08000 Sungai PetaniKedah
Date of cessation	10 Aug 2020

No of securities disposed	31,543,277
Circumstances by reason of which a person ceases to be a substantial shareholder	Direct Business Transaction
Nature of interest	Direct Interest
Date of notice	11 Aug 2020
Date notice received by Listed Issuer	11 Aug 2020

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Notice of Person Ceasing (Section 139 of CA 2016)

SAUDEE GROUP BERHAD

Particulars of Substantial Securities Holder

Name	MR KHOO LAY TATT
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name of registered holder	KHOO LAY TATT
Date of cessation	13 Aug 2020

No of securities disposed	20,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Open Market Disposal
Nature of interest	Direct Interest
Date of notice	13 Aug 2020
Date notice received by Listed Issuer	13 Aug 2020

Date of change	13 Aug 2020
Name	MR KHOO LAY TATT
Age	47
Gender	Male
Nationality	Malaysia
Designation	Executive Chairman
Directorate	Executive
Type of change	Resignation
Reason	Lost of mandate to lead and guide the Company due to change of major shareholder.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Professional Qualification	ICSA professional degree and a Diploma in Commerce – Business Management in 1996	-

Working experience and occupation	Upon graduation, he started his career in May 1996 as Company Secretarial Officer in the Corporate & Legal Division of a commercial bank. He left the bank as an Executive cum Company Secretary of subsidiaries of the bank in year 2000. He joined a Secretarial Services firm in Penang as the Assistant Manager and left the said firm in year 2005 as a Senior Manager. During his tenure, he was involved in numerous initial public offerings and corporate exercises undertaken by listed companies.He is a Chartered Secretary by profession and who a Fellow member of the Malaysian Institute of Chartered Secretaries & Administrators (Chartered Governance Professional  CGP). Further, he is a Fellow Member (FCIS) of the Chartered Governance Institute (CGI) / The Governance Institute (MAISA). He is also the Financial Planning (CFP) and a Certified Member of Financial Planning Associaton of Malaysia (FPAM).
Family relationship with any director and/or major shareholder of the listed issuer	NIL
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	585,500 Ordinary Shares in Saudee Group Berhad

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

SAUDEE GROUP BERHAD

Particulars of Substantial Securities Holder

Name	ASIABIO CAPITAL SDN. BHD.
Address	10th Floor, Menara Hap Seng No.1 & 3, Jalan P.Ramlee Kuala Lumpur 50250 Wilayah Persekutuan Malaysia.
Company No.	200801038768 (840116-P)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name of registered holder	Asiabio Capital Sdn. Bhd.
Address of registered holder	10th Floor, Menara Hap SengNo.1 & 3, Jalan P.Ramlee50250 Kuala Lumpur

Date interest acquired & no of securities acquired
Date interest acquired	10 Aug 2020
No of securities	31,543,277
Circumstances by reason of which Securities Holder has interest	Acquisition of shares through Direct Business Transaction ("DBT")
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	31,543,277
Direct (%)	21.55
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	13 Aug 2020
Date notice received by Listed Issuer	13 Aug 2020

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SAUDEE GROUP BERHAD

Date of change	17 Aug 2020
Name	MADAM LOW AI CHOO
Age	57
Gender	Female
Nationality	Malaysia
Designation	Director
Directorate	Executive
Type of change	Resignation
Reason	To pursue personal interest.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Others	Secondary Education	Sekolah Menengah Batu Dua in Sungai Petani, Kedah

Working experience and occupation	She joined Saudi Frozen as an Administrative Assistant in 1988. She is also a Director and one of the founding members of Saudee Group. She is involved in the administrative matters of Saudee Group.
Family relationship with any director and/or major shareholder of the listed issuer	She is the wife of Tan Khang Khim who is the Managing Director of the Company.
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest of 1,182,013 ordinary shares in Saudee Group BerhadIndirect Interest of 885,766 ordinary shares in  Saudee Group Berhad

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 19,895,500 NEW ORDINARY SHARES IN SAUDEE, REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF SAUDEE (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER
On behalf of the Board of Directors of Saudee (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities”) wishes to announce that the Company proposes to undertake a private placement of up to 19,895,500 new ordinary shares in Saudee (“Saudee Shares” or “Shares”), representing up to approximately 10% of the total number of issued Saudee Shares (excluding treasury shares), to independent third party investor(s) to be identified later at an issue price to be determined later (“Placement Shares”)(“Proposed Private Placement”). Please refer to the attachment for further details on the Proposed Private Placement. This announcement is dated 17 August 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3078210

Attachments Saudee (Proposed Private Placement) - Announcement (17.08.2020).pdf

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 19,895,500 NEW ORDINARY SHARES IN SAUDEE, REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF SAUDEE (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 17 August 2020 in relation to the Proposed Private Placement (“First Announcement”), where applicable, unless stated otherwise or defined herein.) Reference is made to the First Announcement dated 17 August 2020 in relation to the Proposed Private Placement. On behalf of the Board, Mercury Securities wishes to announce additional information in relation to the Proposed Private Placement as set out in the attachment below. This announcement is dated 19 August 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3078983

Attachments Saudee (Proposed Private Placement) - Additional Info (19.08.2020).pdf

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 19,895,500 NEW ORDINARY SHARES IN SAUDEE, REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF SAUDEE (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 17 August 2020 in relation to the Proposed Private Placement (“First Announcement”), where applicable, unless stated otherwise or defined herein.) Reference is made to the announcements dated 17 August 2020 and 19 August 2020 in relation to the Proposed Private Placement. On behalf of the Board, Mercury Securities wishes to announce additional information in relation to the Proposed Private Placement as set out in the attachment below. This announcement is dated 21 August 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3079462

Attachments Saudee (Proposed Private Placement) - Additional Info (21.08.2020).pdf

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SAUDEE GROUP BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private Placement of up to 19,895,500 new ordinary shares in Saudee Group Berhad
No. of shares issued under this corporate proposal	14,637,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.4857
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	161,274,900
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 75,247,174.900
Listing Date	07 Sep 2020

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2020	31 Jul 2019	31 Jul 2020	31 Jul 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	20,898	18,622	78,511	78,111
2	Profit/(loss) before tax	-278	-3,782	-28,006	-2,410
3	Profit/(loss) for the period	-2,827	-646	-30,611	453
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,827	-646	-30,611	453
5	Basic earnings/(loss) per share (Subunit)	-1.93	-0.48	-21.96	0.34
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2000		0.4200

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Type	Announcement
Subject	OTHERS
Description	SAUDEE GROUP BERHADHEADS OF AGREEMENT BETWEEN PERUSAHAAN SAUDEE SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF SAUDEE GROUP BERHAD, AND FOCUS DYNAMICS CENTRE SDN. BHD.
Saudee Group Berhad (“Saudee” or the “Company”) is pleased to announce that its wholly owned subsidiary, Perusahaan Saudee Sdn. Bhd. has on 30 October 2020 entered into a heads of agreement with Focus Dynamics Centre Sdn. Bhd. (hereinafter referred to as the “Party” individually and “Parties” collectively) for a business collaboration to jointly roll out Malaysia’s first robotics operated burger kiosks and food trucks. Combining each other’s skillsets and resources, the Parties will collaborate to set up an executive working group to develop the platforms and procedures required for the launch of the kiosks and food trucks. Please refer to the attached announcement for further details. Saudee has also issued a press release dated 30 October 2020 in respect of the heads of agreement which is attached. This announcement is dated 30 October 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3101004

Attachments Announcement_Heads of Agreement.pdf Press Release.pdf

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

SAUDEE GROUP BERHAD

Particulars of Substantial Securities Holder

Name	DATUK SERI CHIAU BENG TEIK, JP
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name of registered holder	DATUK SERI CHIAU BENG TEIK, JP

Date interest acquired & no of securities acquired
Date interest acquired	16 Nov 2020
No of securities	8,100,000
Circumstances by reason of which Securities Holder has interest	Acquisition via open market
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	8,100,000
Direct (%)	5.022
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	16 Nov 2020
Date notice received by Listed Issuer	16 Nov 2020

SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2020	31 Oct 2019	31 Oct 2020	31 Oct 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	19,726	18,678	19,726	18,678
2	Profit/(loss) before tax	160	370	160	370
3	Profit/(loss) for the period	265	227	265	227
4	Profit/(loss) attributable to ordinary equity holders of the parent	265	227	265	227
5	Basic earnings/(loss) per share (Subunit)	0.17	0.17	0.17	0.17
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2254		0.1985

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	SAUDEE GROUP BERHAD ("SAUDEE" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 143,217,500 NEW ORDINARY SHARES IN SAUDEE, REPRESENTING UP TO APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF SAUDEE (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AT AN ISSUE PRICE TO BE DETERMINED LATER
On behalf of the Board of Directors of the Company, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake a private placement of up to 143,217,500 new ordinary shares in Saudee, representing up to approximately 20% of the existing total number of issued shares of Saudee (excluding treasury shares) to independent third-party investor(s) to be identified and at an issue price to be determined later (“Proposed Private Placement”). Please refer to the attachment for further details on the Proposed Private Placement. This announcement is dated 13 October 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3200569

Attachments Saudee Private Placement - Announcement.pdf

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SAUDEE GROUP BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private Placement of up to 143,217,500 new ordinary shares in SAUDEE
No. of shares issued under this corporate proposal	69,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.0666
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	785,354,819
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 150,848,816.310
Listing Date	09 Nov 2021

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SAUDEE GROUP BERHAD

Date of change	06 Dec 2021
Name	MR MAK SIEW WEI
Age	46
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Due to his other work commitments

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SAUDEE GROUP BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private Placement of up to 143,217,500 new ordinary shares in SAUDEE
No. of shares issued under this corporate proposal	74,217,500
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.0528
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	867,572,319
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 155,120,970.720
Listing Date	16 Dec 2021

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SAUDEE GROUP BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	ESOS
Details of corporate proposal	Exercise of ESOS
No. of shares issued under this corporate proposal	20,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.0585
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	887,572,319
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 156,290,970.720
Listing Date	16 Dec 2021

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SAUDEE GROUP BERHAD ("SAUDEE" OR "THE COMPANY")- PROPOSED ACQUISTION OF PROPERTY BY PERUSAHAAN SAUDEE SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY
Saudee Group Berhad (“SAUDEE” or the “Company”) is pleased to announce that its wholly owned subsidiary, Perusahaan Saudee Sdn. Bhd. has on 17 December 2021 entered into a Sale and Purchase Agreement (“Agreement”) with Stocks N Options Sdn. Bhd. [Company No. 200301024491 (626911-H)] for purchase of one unit of four and a half storey shoplot as further defined in Section 4 of this announcement, for a total purchase consideration of Ringgit Malaysia Seven Million and Three Hundred Thousand (RM7,300,000.00) only, upon the terms and conditions as stipulated in the Agreement (“Proposed Acquisition of Property”). Please refer to the attached for further details. This announcement is dated 17 December 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3219668

Attachments Proposed Acquisition of Property.pdf

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SAUDEE GROUP BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	ESOS
Details of corporate proposal	Exercise of ESOS
No. of shares issued under this corporate proposal	20,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.0585
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	907,572,319
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 157,460,970.720
Listing Date	21 Dec 2021

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2022

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2022	31 Jul 2021	31 Jul 2022	31 Jul 2021
		$$'000	$$'000	$$'000	$$'000

1	Revenue	28,116	18,301	101,819	80,779
2	Profit/(loss) before tax	-7,135	-4,788	-4,682	-4,465
3	Profit/(loss) for the period	-7,233	-4,814	-4,780	-4,373
4	Profit/(loss) attributable to ordinary equity holders of the parent	-7,233	-4,814	-4,780	-4,373
5	Basic earnings/(loss) per share (Subunit)	-0.73	-0.87	-0.48	-1.45
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1387		0.1746

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BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS SAUDEE GROUP BERHAD

SAUDEE GROUP BERHAD

Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (Bursa Malaysia Securities) has publicly reprimanded Saudee Group Berhad (SAUDEE) for breaching paragraph 2.23(1) of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR) for failing to comply with the condition to make an announcement in accordance with paragraph 13.2 of Practice Note 28 (PN28) imposed by Bursa Malaysia Securities vide the letter of approval dated 18 December 2015 before 3 p.m. on 26 March 2021.  In this regard, SAUDEE had received the confirmation from Bursa Malaysia Depository Sdn. Bhd. (Bursa Depository) on 26 March 2021 that the 7,092,698 new ordinary shares of SAUDEE (Shares) were ready to be credited into the securities accounts of the respective holders (Confirmation) and the Company was required to make the announcement pursuant to paragraph 13.2 of PN28 (PN28 Announcement) before 3 p.m. on 26 March 2021. However, SAUDEE had only made the PN28 Announcement on 30 March 2021, resulting in the Shares being listed only on 31 March 2021 instead of on 29 March 2021.

Paragraph 2.23(1) of the Main LR states that the Exchange may, from time to time, issue any instruction or directive to or impose any condition on an applicant, a listed issuer, a management company, a trustee, a trustee-manager its directors, officers, employees, advisers or any other person to whom these Requirements are directed and such person as aforesaid must comply with the said instruction, directive or condition and within such time as may be specified by the Exchange.

Paragraph 13.2 of PN28 states that where the additional securities are listed in accordance with the procedures set out in paragraph 4.0 of PN28 (i.e. procedures relating to the listing of additional securities of the same type and class), a listed issuer must announce the following information immediately upon receipt of confirmation from Bursa Depository that the securities are ready to be credited into the securities accounts of the respective holders:

(a) details of the corporate proposal;

(b) total number of securities issued under each proposal and the issue price per share, if any;

(c) date of listing and quotation; and

(d) latest share capital and number of issued shares of the listed issuer after the proposal indicating the number of shares (in unit and RM).



While Bursa Malaysia Securities had not found any of SAUDEE’s directors to have caused or permitted the breach by the company, Bursa Malaysia Securities wishes to highlight and remind that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the Main LR.  The Board of Directors of SAUDEE at the material time of the breach were as follows:-



(1) Tay Ben Seng, Benson

(2) Sim Yee Fuan

(3) Chen Chee Peng

(4) Datuk Sham Shamrat Sen Gupta

(5) Ong Poh Lin Abdullah



The finding of breach and imposition of the public reprimand on SAUDEE was made pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.  



Bursa Malaysia Securities views the breach seriously and has reminded SAUDEE and its board of directors of their responsibility to maintain the appropriate standards of corporate responsibility and accountability to its shareholders and the investing public.



BACKGROUND



SAUDEE had on 18 December 2015 announced the approval of Bursa Malaysia Securities on the following:-

i. the admission to the Official List and the listing and quotation of up to 45,000,000 Warrants to be issued pursuant to the Proposed Two-Call Rights Issue (as announced by the Company on 25 November 2015);

ii. listing and quotation of up to 30,000,000 new SAUDEE shares to be issued pursuant to the Proposed Two-Call Rights Issue; and

iii. listing and quotation of up to 45,000,000 new SAUDEE shares to be issued pursuant to the exercise of the Warrants.  



It was also stated in Bursa Malaysia Securities’ approval letter dated 18 December 2015 that in the event the new ordinary shares to be issued pursuant to the exercise of the Warrants would be listed and quoted as the existing shares of the same class, quotation of the new ordinary shares would commence on the next market day after, amongst others, the PN28 Announcement is made before 3 p.m. on the market day prior to the listing date (Bursa’s Condition).



SAUDEE’s share registrar had vide letter dated 25 March 2021 submitted to Bursa Depository the share certificate arising from the conversion of 7,092,698 warrants where the listing and quotation of the Shares would be on 29 March 2021 (25 March Letter). Bursa Depository had provided the Confirmation at 8 a.m. on 26 March 2021 and as such, SAUDEE must make the PN28 Announcement before 3 p.m. on 26 March 2021 in accordance with Bursa’s Condition and paragraph 13.2 of PN28. However, SAUDEE had failed to make the PN28 Announcement on 26 March 2021 despite being informed of the 25 March Letter and the Confirmation. This had resulted in the deferment of the listing of the Shares from 29 March 2021 to 31 March 2021. SAUDEE represented that the company needed to verify the amount and that the funds had been credited into the bank. This was not acceptable as SAUDEE must undertake the necessary verification expeditiously and strictly comply with the timeframe and procedures prescribed for the listing of the Shares which serve to safeguard investors’ interest and provide certainty on the listing of the securities.   

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2023

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2023	31 Jul 2022	31 Jul 2023	31 Jul 2022
		$$'000	$$'000	$$'000	$$'000

1	Revenue	22,173	23,177	96,350	96,880
2	Profit/(loss) before tax	-10,335	-6,413	-7,342	-3,960
3	Profit/(loss) for the period	-10,335	-6,859	-7,342	-4,406
4	Profit/(loss) attributable to ordinary equity holders of the parent	-10,335	-6,859	-7,342	-4,406
5	Basic earnings/(loss) per share (Subunit)	-0.91	-0.76	-0.64	-0.49
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1187		0.1521