【ASDION 0068 交流专区】启昌

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,779	5,560	3,826	10,706
2	Profit/(loss) before tax	-1,066	5,119	-1,812	4,036
3	Profit/(loss) for the period	-1,066	5,119	-1,812	4,039
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,050	5,163	-1,786	3,860
5	Basic earnings/(loss) per share (Subunit)	-0.90	4.58	-1.54	3.42
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 ($$)	0.1584		0.1741

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	ASDION BERHAD("ASDION" or "THE COMPANY") - SALE AND PURCHASE AGREEMENT ENTERED BETWEEN ASDION PROPERTY MANAGEMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND OBJEKTIF MAHIR (M) SDN. BHD. FOR THE PROPOSED ACQUISITION OF A VACANT LAND HELD UNDER INDIVIDUAL TITLE GERAN NO. 3906, LOT NO. 22 IN THE PEKAN KEMASIK, DISTRICT OF KEMAMAN AND STATE OF TERENGGANU FOR A CASH CONSIDERATION OF RM2,300,000.00
The Board of Directors of the Company wishes to announce that Asdion Property Management Sdn. Bhd., a wholly-owned subsidiary of the Company, had on 28 November 2016 entered into a Sale and Purchase Agreement with Objektif Mahir (M) Sdn. Bhd. for the proposed acquisition of a vacant land held under Individual Title, Geran No. 3906, Lot No. 22, in the Pekan Kemasik, District of Kemaman and State of Terengganu ("the Acquisition").Please refer to the attachment for the details of the Acquisition. This announcement is dated 28 November 2016

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5273581

Attachments (52) Asdion - Proposed Acquisition of Land (281116).pdf

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	ASDION BERHAD ("ASDION" or "THE COMPANY") - SHARE SALE AGREEMENT ENTERED BETWEEN ASDION BERHAD AND PROTASCO DEVELOPMENT SDN. BHD. FOR THE DISPOSAL AND TRANSFER OF 360,000 ORDINARY SHARES OF RM1.00 EACH IN SUN ROCK DEVELOPMENT SDN. BHD. ("SUN ROCK"), REPRESENTING 36% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF SUN ROCK, FOR A TOTAL CASH CONSIDERATION OF RM1.00 ("PROPOSED DISPOSAL")
The Board of Directors’ of Asdion wishes to announce that the Company had on 5 December 2016 entered into a Share Sale Agreement with Protasco Development Sdn. Bhd. ("Protasco") for the purpose of disposing and transferring to Protasco 360,000 Ordinary Shares of RM1.00 each in the capital of Sun Rock Development Sdn. Bhd. ("Sun Rock") representing 36% equity interest of Sun Rock for a total cash consideration of RM1.00 (Ringgit Malaysia: One) only ("Proposed Disposal"). Subsequent to the Proposed Disposal, the Company had also entered into the following agreements with Protasco:- (a) Termination Agreement (“TA”), for the purpose of terminating the Shareholders Agreement dated 30 August 2013 and the joint venture with Protasco in Sun Rock upon the terms and conditions as stipulated in the TA; and (b) Set-Off Agreement, for the purpose of undertaking a tripartite set-off of Sun Rock’s indebtedness to the Company and the Company’s indebtedness to Protasco to the extent permissible and upon the terms and conditions as stipulated in the Set-Off Agreement. The Proposed Disposal does not have any material effect on the earnings per share and net assets of the Company for the financial year ending 31 March 2017. None of the Directors or major shareholders of the Company or person connected with them has any interest direct or indirect, in the Proposed Disposal. This announcement is dated 5 December 2016.

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	ASDION BERHAD("ASDION" or "THE COMPANY") - SHARE SALE AGREEMENT ENTERED BETWEEN ASDION BERHAD AND PROTASCO DEVELOPMENT SDN. BHD. FOR THE DISPOSAL AND TRANSFER OF 360,000 ORDINARY SHARES OF RM1.00 EACH IN SUN ROCK DEVELOPMENT SDN. BHD. ("SUN ROCK"), REPRESENTING 36% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF SUN ROCK, FOR A TOTAL CASH CONSIDERATION OF RM1.00 ("PROPOSED DISPOSAL")
For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement made on 5 December 2016.) Further to the Company's announcement made on 5 December 2016, the Board of Directors of ASDION wishes to inform that the Set-Off Agreement entered between the Company and Protasco was for the purpose of undertaking a tripartite set-off of Sun Rock’s indebtedness to Company at an amount of RM4,508,479.58 and the Company’s indebtedness to Protasco at an amount of RM2,396,939.73, upon the terms and conditions as stipulated in the Set-Off Agreement. Consequent to the above set-off:- (a)    Amount owing by Sun Rock to the Company shall be reduced from RM4,508,479.58 to RM2,111,539.85; (b)    Protasco shall take over the obligation to settle Sun Rock’s Indebtedness to Asdion in the amount of RM2,396,939.73 (by off- setting the amount owing by the Company to Protasco) and the same has been received by the Company on 5 December 2016; and (c)    Sun Rock shall be indebted to Protasco in the amount of RM2,396,939.73. The Proposed Disposal has been completed on 5 December 2016 in accordance with the terms and conditions of the Share Sale Agreement dated 5 December 2016. This announcement is dated 8 December 2016.

icy97

Date of change	31 Jan 2017
Name	MR LYE SIANG LONG
Age	46
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Due to other work commitment.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,156	8,747	5,981	19,453
2	Profit/(loss) before tax	-1,505	-4,043	-3,316	-6
3	Profit/(loss) for the period	-1,505	-4,043	-3,316	-4
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,263	-3,409	-3,050	-450
5	Basic earnings/(loss) per share (Subunit)	-1.09	-2.93	-2.62	0.39
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 ($$)	0.1466		0.1741

icy97

Date of change	01 Mar 2017
Name	ENCIK RAZMI BIN ALIAS
Age	60
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	- Diploma in Business Studies from UiTM; - Degree in Business Administration from Western Michigan University, USA; and- Masters in Business Administration (Finance) from Central Michigan University, Michigan, USA.
Working experience and occupation	His experience covers finance and corporate functions, business development and trading. He owns and serves as a shareholder and Director in several private limited companies which are involved in trading, manufacturing, agro-based products, logistics, and investment holding. Prior to that, he was a senior management staff in a local financial institution for fifteen (15) years.
Directorships in public companies and listed issuers (if any)	- Can-One Berhad- Chee Wah Corporation Berhad

icy97

扩展物流专注房產　启昌冀渐入佳境

财经  2017年03月07日 | 记者：林迪陞
（吉隆坡7日讯）启昌集团（ASDION，0068，创业板）冀望在扩展物流业务后，未来业绩表现可渐渐改善，同时该公司將关注房產业务。

启昌集团独立非执行主席拿督斯里马格林丹尼斯在今日的股东特大后向记者表示，该集团正把物流业务扩展至货运代理（freightforward），目前的经营范围是在檳城一带和红土坎（Lumut），手上合约价值估计为300万令吉。

「儘管当前的合约价值乍看不高，但货运代理业务未来合约价值將逐步提高，而且我们也正和更多潜在客户进行商谈。」

他补充道，物流业务接下来將会专注在大马半岛北部，包括檳城在內的货运代理市场，截至目前，该业务贡献了集团约60%的营业额。

「除了货运代理，我们亦在柔佛巴西古当提供卡车货运服务。」

此外，刚于本月1日（週三）上任的启昌集团执行董事拉兹米透露，除了物流业务，房產业务亦是该集团未来的重点业务之一，因房產项目可直接提高集团营业额。

「我们已在去年收购了登嘉楼甘马挽一块空地，未来计划將其发展为住宅项目，预计此项目將受益于东海岸铁路计划（ECRL）。」

当被询及启昌集团与亿丰网通（NEXGRAM，0096，创业板）联营的雪州房產项目，无法获地方政府的发展许可一事，拉兹米称这是技术问题，该集团正为有关方面准备文件，尽力取得许可。

「接下来，我们放眼收购更多土地，如巴生谷市郊区域的土地。」

另一方面，针对之前启昌集团铝土矿（bauxite）码头装卸与贸易业务因环境问题而遭联邦政府禁止，马格林指出，官方目前无法提供准確的禁令撤销日期，一旦政府放行，该集团將会重新经营相关业务。

「关丹港口和有关货运业者正致力解决此问题，包括设计新的货柜，以免铝土矿在码头装卸过程中散落四周，污染环境。」

根据启昌集团2016財政年（6月30日结账）年报，其铝土矿码头装卸与贸易业务为该集团贡献近500万令吉，或佔全年营业额约25%。

资讯科技业务放缓

至于启昌集团原本的核心业务--资讯科技（IT），拉兹米透露，这项业务目前放缓，未来將不再是集团的重点发展对象，除非有重大转机出现。

「启昌集团的IT业务以提供门控系统硬件与软件为主，而硬件部分进口自欧洲，在令吉走弱的打击下，表现不佳。」【东方网财经】

icy97

icy97 发表于 3-12-2016 03:20 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5273581

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	ASDION BERHAD("ASDION" or "THE COMPANY") - SALE AND PURCHASE AGREEMENT ENTERED BETWEEN ASDION PROPERTY MANAGEMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND OBJEKTIF MAHIR (M) SDN. BHD. FOR THE PROPOSED ACQUISITION OF A VACANT LAND HELD UNDER INDIVIDUAL TITLE GERAN NO. 3906, LOT NO. 22 IN THE PEKAN KEMASIK, DISTRICT OF KEMAMAN AND STATE OF TERENGGANU FOR A CASH CONSIDERATION OF RM2,300,000.00
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements made on 28 November 2016 and 30 November 2016 respectively.) Further to the Company's announcements made on 28 November 2016 and 30 November 2016, the Board of Directors of ASDION wishes to announce that the Proposed Acquisition was completed on 9 March 2017 in accordance with the terms and conditions of the Sale and Purchase Agreement. This announcement is dated 20 March 2017.

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	ASDION BERHAD ("ASDION" OR "THE COMPANY") - PROPOSED DISPOSAL OF THE ENTIRE EQUITY IN TECHTRON INTEGRATED  SYSTEM (S) PTE LTD ("TIS") TO VAUGHAN LITHO (SINGAPORE) PTE LTD ("VLS") FOR A TOTAL CASH CONSIDERATOIN OF RM100,000.00
The Board of Directors of Asdion (“Board”) wishes to announce that ASDION had on 22 March 2017 entered into a Share Sale Agreement (“SSA”) with Vaughan Litho (Singapore) Pte Ltd ("Purchaser" or "VLS"), a company incorporated in the Republic of Singapore, to dispose the Company’s investment in TIS comprising 600,000 ordinary shares ("Sale Shares") for a total cash consideration of RM100,000/-(Ringgit Malaysia: One Hundred Thousand) only ("Proposed Disposal"). Upon completion of the Proposed Disposal, TIS shall cease to be a wholly-owned subsidiary of the Company. Consequent thereto, the following subsidiary companies of TIS shall also cease to be wholly-owned sub-subsidiary companies of Asdion:- (a) Asdion Data Services Sdn. Bhd. (Company No. 682503-V); and (b) Asdion Digital Advance System Sdn. Bhd. (Company No. 682500-W). Please refer to the attachment for details of the announcement. This announcement is dated 22 March 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5374041

Attachments (14) Asdion - Proposed Disposal of TIS announcement (attachment) (final).pdf

icy97

Type	Announcement
Subject	OTHERS
Description	ASDION BERHAD ("ASDION" or "THE COMPANY") - ARTICLE APPEARING IN THE FOCUS MALAYSIA NEWSPAPER IN APRIL 1-7 ISSUE IN RELATION TO THE WRITE UP - "ASDION'S CHANGES RAISE QUESTIONS"
We refer to the article appearing in the Focus Malaysia newspaper in April 1-7 issue in relation to the write up - "Asdion's changes raise questions." Asdion wishes to clarify that:- 1. Encik Razmi bin Alias ("Encik Razmi") was appointed as Asdion Business Development Executive Director and in-charge  of rationalisation and expansion of business in Asdion. Encik Razmi also oversees the corporate functions of the Company. For further clarification purpose, in particular the paragraph reads,  "A Company source says Razmi, 60, has been based in Singapore since his appointment, and makes occasional trips to Kuala Lumpur for meeting."    Asdion wishes to clarify that the abovementioned statement is inaccurate. Asdion wishes to reaffirm that Encik Razmi is based in Kuala Lumpur and  not in Singapore. 2. With regards to the paragraph reads, "Its former Chief Operating Officer, Mr. Low Jyh Sing resigned in September, citing health reasons, and the company has yet to find a replacement." With reference to the announcement made on 15 September 2016, the resignation of Mr. Low Jyh Sing ("Mr. Low") was due to his wishes to focus on the operations of Asdion's subsidiary companies,  http://www.bursamalaysia.com/mar ... ouncements/5207185. As at today, Mr. Low is still with Asdion Group and is the Managing Director (Operation) of Asdion's subsidiary companies. He is responsible for the expansion of the trucking businesses in the Southern Region and East Coast of Malaysia; and Mr. Ang Chin Poo, who has more than 15 years of experience in the shipping and logistics industry was appointed as Managing Director in one of Asdion's subsidiary company, namely Asdion Logistics Sdn. Bhd. (formerly known as Asdion Logistics (Penang) Sdn. Bhd.) and is respsonsible for the expansion of Asdion's freight forwarding business in the West Coast of Malaysia and trucking businesses in the Northern Region of  Malaysia. 3. In line with the expansion of businesses, Asdion has hired four (4) experienced senior management staffs from the freight forwarding and logistics sectors to look into Asdion business operations. With the supportive operation team and management team, Asdion is confident to achieve improved profitability and sustainable business growth in this challenging business environment. This announcement is made on 6 April 2017.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,804	261	7,786	19,844
2	Profit/(loss) before tax	-4,387	-1,763	-7,704	-2,469
3	Profit/(loss) for the period	-4,389	-1,856	-7,705	-2,633
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,908	-1,396	-7,958	-1,742
5	Basic earnings/(loss) per share (Subunit)	-4.22	-1.20	-6.84	-1.50
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 ($$)	10.4800		17.4100

icy97

icy97 发表于 23-3-2017 05:05 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5374041

Type	Announcement
Subject	OTHERS
Description	ASDION BERHAD ("ASDION" OR "THE COMPANY") - PROPOSED DISPOSAL OF THE ENTIRE EQUITY IN TECHTRON INTEGRATED  SYSTEM (S) PTE LTD ("TIS") TO VAUGHAN LITHO (SINGAPORE) PTE LTD ("VLS") FOR A TOTAL CASH CONSIDERATION OF RM100,000.
Further to the Company’s announcements dated 22 March 2017 and 23 March 2017 in relation to the Proposed Disposal, the Company wishes to announce that all the conditions precedent of the conditional share purchase agreement and conditional share subscription agreement dated 22 March 2017 have been fulfilled and the Proposed Disposal have now been completed. This announcement is dated 11 July 2017.

icy97

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

ASDION BERHAD

Particulars of Substantial Securities Holder

Name	EASTBAY HARVEST SDN BHD
Address	No 1-47, Jalan SP 2, Taman Segar Perdana Cheras 43200 Selangor Malaysia.
Company No.	1176034-V
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares of RM0.10 each
Name & address of registered holder	EASTBAY HARVEST SDN BHDNO 1-47, JALAN SP 2, TAMAN SEGAR PERDANA,43200 CHERAS,SELANGOR.

Date interest acquired & no of securities acquired
Date interest acquired	17 Jul 2017
No of securities	1,183,800
Circumstances by reason of which Securities Holder has interest	Acquisition of shares
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	6,059,800
Direct (%)	5.21
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	18 Jul 2017
Date notice received by Listed Issuer	19 Jul 2017

icy97

Name	GOODUNITED LIMITED
Address	P.O. Box 850, Offshore Incorporations Centre, The Valley, Anguilla, British West Indies. Anguilla.
Company No.	2115971
Nationality/Country of incorporation	Anguilla
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	17 Jul 2017	1,397,000	Disposed	Direct Interest
	Name of registered holder	Goodunited Limited
	Address of registered holder	P.O.Box 850, Offshore Incorporations Centre, The Valley, Anguilla, British West Indies.
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of Shares.
Nature of interest	Direct Interest
Direct (units)	14,486,200
Direct (%)	12.46
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	14,486,200
Date of notice	17 Jul 2017
Date notice received by Listed Issuer	20 Jul 2017

icy97

Name	GOODUNITED LIMITED
Address	P.O. Box 850, Offshore Incorporations Centre, The Valley, Anguilla, British West Indies. Anguilla.
Company No.	2115971
Nationality/Country of incorporation	Anguilla
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	04 Aug 2017	1,230,000	Disposed	Direct Interest
	Name of registered holder	Goodunited Limited
	Address of registered holder	P.O.Box 850, Offshore Incorporations Centre, The Valley, Anguilla, British West Indies.
	Description of "Others" Type of Transaction
2	08 Aug 2017	58,000	Disposed	Direct Interest
	Name of registered holder	Goodunited Limited
	Address of registered holder	P.O. Box 850, Offshore Incorporations Centre, The Valley, Anguilla, British West Indies.
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of Shares.
Nature of interest	Direct Interest
Direct (units)	13,198,200
Direct (%)	11.35
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	13,198,200
Date of notice	08 Aug 2017
Date notice received by Listed Issuer	09 Aug 2017

icy97

遲發年報抵觸上市條例 馬證交所譴責啟昌集團

2017年8月24日
（吉隆坡24日訊）啟昌集團（ASDION，0068，創業板科技）因年報抵觸上市條例，遭馬證交所公開譴責。

馬證交所發佈文告指出，啟昌集團于2016年8月18日才發佈2016年年報，比規定時間（7月31日）晚了14天，抵觸創業板上市條例第9.23(1)條文。

該公司也沒有在指定期限內，宣布截至2016年3月底的末季財報，抵觸創業板上市條例第9.16(1)(a)條文。

馬證交所要求啟昌集團重新審視並確保財報的充分性和有效性，並針對提交季度報告，讓外部審計師進行檢視。

“啟昌集團必須重估季度財報，這份重估報告必須交由外來審計師負責，重估截止2017年9月底之前連續4個季度的財報。”

儘管馬證交所未發現任何董事在公司允許的情況下抵觸上述條例。

不過，馬證交所強調，身為董事就有責任確保企業資料達到一定水準。【中国报财经】

BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS ASDION BERHAD FOR BREACHES OF THE ACE MARKET LISTING REQUIREMENTS

ASDION BERHAD

Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded ASDION BERHAD (ASDION) for committing the following breaches of the Bursa Malaysia Securities ACE Market Listing Requirements (ACE LR):-

• Rule 9.23(1) of the ACE LR for failing to issue its annual report for the financial year ended 31 March 2016 (AR 2016) by the stipulated timeframe of 31 July 2016.  The AR 2016 was only issued on 18 August 2016, after a delay of 14 market days; and
• Rule 9.16(1)(a) of the ACE LR for failing to ensure that the company's announcement dated 31 May 2016 on the fourth quarterly report for the financial year ended (FYE) 31 March 2016 (QR 4/2016)  took into account the adjustments as stated in the Company's announcement dated 12 August 2016.
  
  

ASDION is 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 September 2017.  In addition, ASDION must ensure all its directors and relevant personnel attend a training programme in relation to compliance with the ACE LR pertaining to financial statements.

The public reprimand and directives were imposed pursuant to Rule 16.19(1) of the ACE LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including materiality of the breaches and that ASDION had previously breached the ACE LR.

While Bursa Malaysia Securities has not found any of ASDION’s directors to have caused or permitted the breaches 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 ACE LR.  The Board of Directors of ASDION at the material time were as follows:-

• Datuk Seri Maglin Dennis D’Cruz
• Mohamad Farid Bin Mohd Yusof
• Low Jyh Sing
• Jason Minos Anak Peter
• Lye Siang Long
• Selva Rasan a/l Dato’ Puspa Das
• Datuk Raime Bin Unggi
• See Poh Yee
• Dato’ Hj. Zulkifli Bin Hj. Alias
• Ang Chin Poo
  
  

Bursa Malaysia Securities views the aforesaid contraventions seriously and has reminded ASDION and its Board of Directors of their responsibility to maintain appropriate standards of corporate responsibility and accountability to its shareholders and the investing public and ensure that such financial reporting breach will not recur.

BACKGROUND

1.         Delay in issuance of the AR 2016

ASDION had on 2 August 2016 announced that the delay in issuance of the AR 2016 was due to the delay in consolidating the accounts of its subsidiary in Singapore which was pending issuance of confirmation from the auditors in Singapore to ASDION’s external auditors.  In this regard, it was noted that there was a change in the finance team in the subsidiary and the new and inexperienced finance team had to familiarize with the accounts which had resulted in the subsidiary not being able to provide the audit clearance to ASDION’s external auditors.

2.         Inaccurate Announcement of the QR 4/2016

ASDION reported an unaudited loss after taxation and minority interest of RM921,219 in its QR 4/2016 compared to an audited loss after taxation and minority interest of RM1,742,103 in its audited financial statements for FYE 31 March 2016. In this regard, the difference of RM820,884 between ASDION's QR 4/2016 and audited results represented a variance of approximately 89.1%.

The deviation was mainly due to the following: -

• over-recognition of gain from disposal of subsidiaries of RM629,000 where the foreign currency translation reserve should be reversed to profit and loss account instead of retained earnings in accordance with clear accounting standard; and
• under-recognition of costs of goods sold of RM175,000 which was essentially due to the company’s oversight.
  
  

ASDION had failed to –

• put in place the necessary and proper resources, processes, controls and checks and supervise the proper and effective implementation of the same to enable the company to adhere to its financial reporting obligations (i.e. timely and accurate financial statements) under the ACE LR; and
• ensure the proper preparation and finalization of the company’s and its subsidiaries’ financial statements,
  
  

which had led to the breaches.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2017	30 Jun 2016	30 Jun 2017	30 Jun 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,425	1,047	1,425	1,047
2	Profit/(loss) before tax	-446	-745	-446	-745
3	Profit/(loss) for the period	-552	-650	-552	-650
4	Profit/(loss) attributable to ordinary equity holders of the parent	-499	-737	-499	-737
5	Basic earnings/(loss) per share (Subunit)	-0.43	-0.63	-0.43	-0.63
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 ($$)	0.0976		0.1019

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	ASDION BERHAD ("ASDION" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN ASDION
On behalf of the Board of Directors of ASDION, M&A Securities Sdn Bhd wishes to announce that the Company proposes to undertake a private placement of up to 10% of the issued shares of ASDION (“Proposed Private Placement”). Kindly refer to the attachment for further details on the Proposed Private Placement. This announcement is dated 24 November 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5615221

Attachments 241117 - Annct.pdf

icy97

Name	MR TEY POR CHEN
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary share

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	28 Nov 2017	5,270,000	Disposed	Direct Interest
	Name of registered holder	Tey Por Chen
	Address of registered holder	S/B-26-11, Scenaria @ North Kiara Hills, No 6 Jalan 6/38A, 51200 Kuala Lumpur, Wilayah Persekutuan
	Description of "Others" Type of Transaction
2	29 Nov 2017	3,605,000	Disposed	Direct Interest
	Name of registered holder	Tey Por Chen
	Address of registered holder	S/B-26-11, Scenaria @ North kiara Hills, No 6 Jalan 6/38A, 51200 Kuala Lumpur, Wilayah Persekutuan
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares
Nature of interest	Direct Interest
Direct (units)	15,940,300
Direct (%)	13.709
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	15,940,300
Date of notice	29 Nov 2017
Date notice received by Listed Issuer	30 Nov 2017