【HBGLOB 5187 交流专区】(前名SOZO)

Tony-Pua

5187    HBGLOB    HB GLOBAL LIMITED

Quarterly rpt on consolidated results for the financial period ended 31/12/2017

Quarter: 4th Quarter Financial Year End: 31/12/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2017 31/12/2016 31/12/2017 31/12/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 44,015 30,113 104,481 93,624 2 Profit/Loss Before Tax 12,131 (2,804) 13,999 (16,051) 3 Profit/(loss) attributable to ordinary equity holders of the parent 12,131 (2,804) 13,999 (16,051) 4 Net Profit/Loss For The Period 12,131 (2,804) 13,999 (16,051) 5 Basic Earnings/Loss Per Shares (sen) 2.59 (0.60) 2.99 (3.43) 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.4100 0.3900

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Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
Description	HB GLOBAL LIMITED - Material Uncertainty Related to Going Concern
The Board of Directors of HB Global Limited (“HB” or “the Company”) wishes to announce that its external auditors, Messrs UHY Lee Seng Chan & Co have issued a statement of “Material Uncertainty Related to Going Concern” (“Statement”) in respect of HB’s Audited Financial Statements for the financial year ended 31 December 2017 (“AFS2017”). Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the description of the Statement is as follows: “Material Uncertainty Related to Going Concern We draw attention to Note 1(b) to the financial statements, which indicates that as at 31 December 2017, the Group’s and the Company’s current liabilities exceeded their current assets by RMB21,228,000 and RMB37,983,000 respectively.  The Group’s current liabilities include bank loans of RMB80,600,000 which are contractually due within 12 months from the end of the reporting period.  Should the Group not be able to rollover the existing loans or alternative refinancing of the loans be unsuccessful, the Group and the Company may have insufficient cash to fulfil obligations at the relevant repayment dates.  This may impede the continuation of its remaining business comprising ready-to-serve food and frozen vegetables.  These factors along with other matters as set forth in Note 1(b) to the financial statements, indicate the existence of a material uncertainty that may cast significant doubt on the Group’s and Company’s ability to continue as going concerns.  Our opinion is not modified in respect of this matter.” The reference to Note 1(b) of the AFS2017 is reproduced below: “ FUNDAMENTAL ACCOUNTING CONCEPT As at 31 December 2017, the Group and the Company have net current liabilities of RMB21,228,000 and RMB37,983,000 (2016: RMB51,550,000 and RMB36,746,000) respectively.  The Group’s current liabilities include bank loans of RMB80,600,000 (2016: RMB92,900,000) which are contractually due within 12 months from the end of the reporting period.  Should the Group not be able to rollover the existing bank loans or alternative refinancing of the bank loans be unsuccessful, the Group and the Company may have insufficient cash to fulfil obligations at the relevant repayment dates.  This may impede continuation of its remaining business comprising ready-to-serve food and frozen vegetables. Notwithstanding these conditions, the financial statements have been prepared on a going concern basis based on the following assumptions: The ready-to-serve food and frozen vegetables business will generate sufficient cash flows to cover operating costs and service interest payments for bank loans; The lenders will be supportive of the Group continuing in business; Should the need arise, the Company’s controlling shareholder, who is also a director of the Company, will provide the necessary financial support to enable the Group and the Company to fulfil its financial obligations as and when they fall due. If the Group and the Company are unable to obtain the necessary funding to continue in operational existence for the foreseeable future, the Group and the Company may be unable to discharge their liabilities in the normal course of business and adjustments may have to be made to reflect the situation that assets may need to be realised other than in the normal course of business and at amounts which could differ significantly from the amounts at which they are currently recorded in the statements of financial position.  In addition, the Group and the Company may have to reclassify non-current assets and liabilities as current assets and liabilities. No such adjustments have been made to these financial statements. The following are the Key Audit Matters as reported in the Independent Auditors’ Report of the AFS2017: Key Audit Matter Our audit procedures to address the matter Impairment of property, plant and equipment and land use rights As at 31 December 2017, property, plant and equipment and land use rights with carrying amounts of RMB284,687,000 and RMB59,232,000 constituted approximately 60.3% and 12.5% of the total assets of the Group respectively. During the current financial year, the Group carried out a review of the recoverable amounts of its property, plant and equipment and land use rights due to possible indicators for impairment as the property, plant and equipment and land use rights had been deployed in the Company’s PRC subsidiaries that had previously experienced declining revenue and had incurred losses. The valuation process involves significant judgement in determining the appropriate valuation methods to be used, and in estimating the key underlying assumptions to be applied. These critical judgement and significant estimation are disclosed in Note 3(b) to the financial statements. Our audit procedures focused on evaluating the appropriateness and adequacy of the impairment loss recognised for property, plant and equipment.  These procedures included: Assessing the qualifications, competency, and objectivity of the professional external valuer; Obtaining an understanding of the work of the professional external valuer; Reviewing the terms in the engagement letter to determine whether there were any matters that might have affected their objectivity, independence, or limiting their scope of work; and Challenging the key assumptions used by the professional external valuer in the valuation report. Advance payments for land use rights As at 31 December 2017, included in prepayments is advance payments for land use rights with cost and carrying amount of RMB159,429,000 (2016: RMB159,429,000) and RMB59,327,000 (2016: RMB59,422,000) respectively, net of impairment loss of RMB100,102,000 (2016: RMB100,007,000), which constituted approximately 12.6% of the Group’s total assets. These land use rights which were acquired in 2012 and 2013 are still pending their certificates to be issued by the relevant authorities in the Province. Accordingly, these land use rights are being classified as prepayments. The impairment loss of these land use rights arose from the valuation carried out for property, plant and equipment and land use rights detailed in Note 3(b) to the financial statements. Our audit procedures included: Sighting the original agreements signed between the Group and the Juxian Province Bureau of Land and Resources (the “Authorities”) for the acquisition of these land use rights in 2012 and 2013; Performed physical sighting of these land use rights; and Inquiry with management on the delay by the Authorities in issuing the certificates for these land use rights and conveyed management’s explanations to the Audit Committee which considered them to be satisfactory. In relation to the above, the Board wishes to advise on the following: The Independent Auditors have expressed unqualified opinion with an emphasis of matter on the AFS2017 which is a clean opinion and not modified opinion in respect of the above matter; The Group saw an improvement in its operating profit and will endeavour its best to negotiate terms with banks and suppliers, without needing to resort to selling its non-current assets, unless without any other viable options; and Barring any unforeseen circumstances, the Group is poised to perform better since the cessation of duck farming segment and will endeavor its best to negotiate more favourable pricing with its customers and monitor its costs so as to achieve an operating gross profit environment across its various ready-to-serve and frozen vegetable products. This announcement is dated 30 April 2018.

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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

1	Revenue	22,582	18,532	22,582	18,532
2	Profit/(loss) before tax	592	-625	592	-625
3	Profit/(loss) for the period	592	-625	592	-625
4	Profit/(loss) attributable to ordinary equity holders of the parent	592	-625	592	-625
5	Basic earnings/(loss) per share (Subunit)	0.13	-0.13	0.13	-0.13
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 ($$)	0.4000		0.4100

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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

1	Revenue	23,715	17,857	46,107	36,149
2	Profit/(loss) before tax	1,265	2,001	1,852	1,384
3	Profit/(loss) for the period	1,265	2,001	1,852	1,384
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,265	2,001	1,852	1,384
5	Basic earnings/(loss) per share (Subunit)	0.27	0.43	0.40	0.30
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 ($$)	0.4000		0.4100

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BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS HB GLOBAL LIMITED FOR BREACH OF THE MAIN MARKET LISTING REQUIREMENTS

HB GLOBAL LIMITED

Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded HB Global Limited (HBGLOB) in respect of the company’s fourth quarterly report for the financial year ended 31 December 2016 (QR Dec 2016) announced on 28 February 2017 which was in contravention of paragraph 9.16(1)(a) of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR).

Paragraph 9.16(1)(a) of the Main LR states that a listed issuer must ensure that each announcement made is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.

HBGLOB had failed to ensure that the QR Dec 2016 took into account the adjustments announced on 28 April 2017 (the Adjustments).

The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter including the materiality of the breach and upon completion of due process.

HBGLOB was also required to review and ensure the adequacy and effectiveness of its financial reporting function and carry out a limited review on its quarterly report submissions. The limited review must be performed by the company’s external auditors for four quarterly reports commencing no later from the quarterly report for the financial period ended 30 June 2018.  In addition, HBGLOB must ensure all its directors and relevant personnel attend a training programme in relation to compliance with the Main LR pertaining to financial statements.

While Bursa Malaysia Securities has not found any of HBGLOB’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 HBGLOB at the material time was as follows:-

• Shen Hengbao
• Meng Xiangzhen
• Sun Shimin
• Yang Chin Shen
• Ho Pui Hold
  

Bursa Malaysia Securities views the contravention seriously as the timely and accurate submission of financial statements to enable investors to make informed investment decisions is one of the fundamental obligations of companies listed on the Official List of Bursa Malaysia Securities.

BACKGROUND

HBGLOB had reported an unaudited loss after tax and minority interest of RMB29,901,000 in its QR Dec 2016 announced on 28 February 2017 as compared to an audited loss after tax and minority interest of RMB24,885,000 in the audited financial statements for the financial year ended 31 December 2016 (AFS 2016) announced on 28 April 2017. The difference of RMB5,016,000 between the QR Dec 2016 and AFS 2016 represented a variance of 16.78%.

The Adjustments were essentially due to the oversight by the company in the preparation of the management accounts and failure to ensure finalisation of the valuation report for impairment assessment prior to the announcement of the QR Dec 2016.

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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

1	Revenue	24,959	25,309	70,535	61,530
2	Profit/(loss) before tax	309	515	2,138	1,902
3	Profit/(loss) for the period	309	515	2,138	1,902
4	Profit/(loss) attributable to ordinary equity holders of the parent	309	515	2,138	1,902
5	Basic earnings/(loss) per share (Subunit)	0.07	0.11	0.46	0.41
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 ($$)	0.4000		0.4100

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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

1	Revenue	28,182	44,015	98,869	104,481
2	Profit/(loss) before tax	8,921	12,131	11,064	13,774
3	Profit/(loss) for the period	8,921	12,131	11,064	13,774
4	Profit/(loss) attributable to ordinary equity holders of the parent	8,921	12,131	11,064	13,774
5	Basic earnings/(loss) per share (Subunit)	1.91	2.59	2.36	2.94
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 ($$)	0.4200		0.4100

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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

1	Revenue	22,507	22,582	22,507	22,582
2	Profit/(loss) before tax	5,493	592	5,493	592
3	Profit/(loss) for the period	5,493	592	5,493	592
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,493	592	5,493	592
5	Basic earnings/(loss) per share (Subunit)	1.17	0.13	1.17	0.13
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 ($$)	0.4300		0.4200

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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

1	Revenue	22,092	23,715	44,362	46,107
2	Profit/(loss) before tax	911	1,265	6,341	1,852
3	Profit/(loss) for the period	911	1,265	6,341	1,852
4	Profit/(loss) attributable to ordinary equity holders of the parent	911	1,265	6,341	1,852
5	Basic earnings/(loss) per share (Subunit)	0.19	0.27	1.35	0.40
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 ($$)	0.4300		0.4200

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Notice of Person Ceasing (Section 139 of CA 2016)

HB GLOBAL LIMITED

Particulars of Substantial Securities Holder

Name	AGRO TREASURES SDN. BHD.
Address	No.3, Jalan Perindustrian Puchong Bandar Metro Puchong Puchong 47160 Selangor Malaysia.
Company No.	200701037323 (795352-V)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Date of cessation	29 Oct 2019
Name & address of registered holder	AGRO TREASURES SDN. BHD,No.3, Jalan Perindustrian PuchongBandar Metro Puchong47160 Puchong, Selangor

No of securities disposed	2,540,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal of ordinary shares via open market transaction.
Nature of interest	Direct Interest
Date of notice	01 Nov 2019
Date notice received by Listed Issuer	04 Nov 2019

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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	20,597	24,959	63,970	70,535
2	Profit/(loss) before tax	320	309	6,525	2,138
3	Profit/(loss) for the period	320	309	6,525	2,138
4	Profit/(loss) attributable to ordinary equity holders of the parent	320	309	6,525	2,138
5	Basic earnings/(loss) per share (Subunit)	0.07	0.07	1.39	0.46
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 ($$)	0.4200		0.4200

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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	28,619	28,182	92,567	98,869
2	Profit/(loss) before tax	2,042	8,921	9,899	11,059
3	Profit/(loss) for the period	2,042	8,921	9,899	11,059
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,042	8,921	9,899	11,059
5	Basic earnings/(loss) per share (Subunit)	0.44	1.91	2.12	2.36
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 ($$)	0.4300		0.4200

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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	8,798	22,507	8,798	22,507
2	Profit/(loss) before tax	-6,516	5,493	-6,516	5,493
3	Profit/(loss) for the period	-6,516	5,493	-6,516	5,493
4	Profit/(loss) attributable to ordinary equity holders of the parent	-6,516	5,493	-6,516	5,493
5	Basic earnings/(loss) per share (Subunit)	-1.39	1.17	-1.39	1.17
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 ($$)	0.4300		0.4300

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

HB GLOBAL LIMITED

Particulars of Substantial Securities Holder

Name	KEH CHUAN SENG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARES
Name of registered holder	KEH CHUAN SENG

Date interest acquired & no of securities acquired
Date interest acquired	13 Jul 2020
No of securities	150,000,000
Circumstances by reason of which Securities Holder has interest	Acquisition of 150,000,000 ordinary shares is made via off market transaction
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	150,000,000
Direct (%)	32.051
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	14 Jul 2020
Date notice received by Listed Issuer	14 Jul 2020

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HB GLOBAL LIMITED

Particulars of substantial Securities Holder

Name	CARTABAN NOMINEES (ASING) SDN BHD EXEMPT AN FOR LGT BANK AG (FOREIGN) FOR HENGBAO FOODSTUFFS HOLDING
Address	P.O BOX 13150 Kuala Lumpur 50732 Wilayah Persekutuan Malaysia.
Company No.	199301008630 (263367-W)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	13 Jul 2020	150,000,000	Disposed	Direct Interest
	Name of registered holder	CartabanNominees(Asing)SdnBhdExemptANforLGTBankAG(Foreign)forHengbaoFoodstuffsHoldingLimited
	Address of registered holder	P.O BOX 13150, 50732 Kuala Lumpur, Wilayah Persekutuan, Malaysia
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of 150,000,000 ordinary shares is made via off market transaction
Nature of interest	Direct Interest
Direct (units)	117,202,000
Direct (%)	25.043
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	117,202,000
Date of notice	14 Jul 2020
Date notice received by Listed Issuer	14 Jul 2020

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HB GLOBAL LIMITED

Particulars of substantial Securities Holder

Name	CARTABAN NOMINEES (ASING) SDN BHD EXEMPT AN FOR LGT BANK AG (FOREIGN) FOR HENGBAO FOODSTUFFS HOLDING
Address	P.O. Box 13150 Kuala Lumpur 50732 Wilayah Persekutuan Malaysia.
Company No.	199301008630 (263367-W)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	14 Jul 2020	59,666,000	Disposed	Direct Interest
	Name of registered holder	CartabanNominees(Asing)SdnBhdExemptANforLGTBankAG(Foreign)forHengbaoFoodstuffsHoldingLimited
	Address of registered holder	P.O. Box 13150 50732 Kuala Lumpur
	Description of "Others" Type of Transaction
2	15 Jul 2020	22,000,000	Disposed	Direct Interest
	Name of registered holder	CartabanNominees(Asing)SdnBhdExemptANforLGTBankAG(Foreign)forHengbaoFoodstuffsHoldingLimited
	Address of registered holder	P.O.Box 13150 50732 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of 81,666,000 ordinary shares via off market transactions
Nature of interest	Direct Interest
Direct (units)	35,536,000
Direct (%)	7.593
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	35,536,000
Date of notice	16 Jul 2020
Date notice received by Listed Issuer	16 Jul 2020

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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	13,127	22,092	21,956	44,362
2	Profit/(loss) before tax	-1,907	911	-8,447	6,341
3	Profit/(loss) for the period	-1,907	911	-8,447	6,341
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,907	911	-8,447	6,341
5	Basic earnings/(loss) per share (Subunit)	-0.41	0.19	-1.80	1.35
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.4200		0.4300

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HB GLOBAL LIMITED

Particulars of substantial Securities Holder

Name	KEH CHUAN SENG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	21 Sep 2020	4,500,000	Disposed	Direct Interest
	Name of registered holder	KEH CHUAN SENG
	Description of "Others" Type of Transaction
2	22 Sep 2020	11,000,000	Disposed	Direct Interest
	Name of registered holder	KEH CHUAN SENG
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of 15,500,000 ordinary shares via open market transactions
Nature of interest	Direct Interest
Direct (units)	129,500,000
Direct (%)	27.671
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	129,500,000
Date of notice	24 Sep 2020
Date notice received by Listed Issuer	24 Sep 2020

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HB GLOBAL LIMITED

Date of change	01 Oct 2020
Name	DATO' CHOW CHIN KIAT
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	Others	Sijil Pelajaran Malaysia (SPM)	SMK Taman SEA

Working experience and occupation

1. Founder of Agrofresh International Group (2009- Present)2. Business Development Director (S.E.A), Hebei Zhongyun Investment Group Co., Ltd.  (2019- Present)3. Marketing Advisor, Kuala Lumpur & Selangor Fruit Farmers' Association (2015- 2018)4. Putra Paradize Project Director, Universiti Putra Malaysia (UPM) (2015-2020)5. Member of Industry/ Community Advisory Panel (ICAP) for Pusat Pengajian Teknologi Industri, Universiti Sains Malaysia (USM) (2016-2018)

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

1	Revenue	17,429	20,597	39,392	63,970
2	Profit/(loss) before tax	-4,759	320	-13,315	6,525
3	Profit/(loss) for the period	-4,759	320	-13,315	6,525
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,759	320	-13,315	6,525
5	Basic earnings/(loss) per share (Subunit)	-1.02	0.07	-2.85	1.39
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 ($$)	0.4200		0.4300

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	HB GLOBAL LIMITED ("HBGL" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED SHARES IN HBGL
On behalf of the Board of Directors of HBGL, M&A Securities Sdn Bhd wishes to announce that the Company proposes to undertake a private placement of up to 93,600,000 new ordinary shares in HBGL, representing 20% of the issued shares in HBGL (“Proposed Private Placement”). Further information on the Proposed Private Placement is disclosed in the attachment herein. This announcement is dated 22 January 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3123436

Attachments HBGL_Proposed Private Placement.pdf

icy97

HB GLOBAL LIMITED

Date of change	15 Oct 2021
Name	MR KEH CHUAN YEE
Age	28
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	Masters	Master of Financial Analysis	University of New South Wales (Australia)
2	Degree	Bachelor of Arts with Honors in Accounting and Finance	Newcastle University (United Kingdom)
3	Diploma	Diploma in Management Studies	SIM University (Singapore)

Working experience and occupation	1.Chief Financial Officer, Frazel Group Sdn Bhd (February 2017 - Present)2. Credit Analyst, Public Bank Limited (October 2015 - January 2016)
Directorships in public companies and listed issuers (if any)	NIL
Family relationship with any director and/or major shareholder of the listed issuer	Mr Keh Chuan Yee is the brother of Mr Keh Chuan Seng