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发表于 23-8-2020 07:39 AM
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Type | Announcement | Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES | Description | EVERSENDAI CORPORATION BERHAD ("EVERSENDAI" OR "COMPANY")PROPOSED ISSUANCE OF UP TO 390,550,000 NEW FREE WARRANTS IN EVERSENDAI ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN EVERSENDAI HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED FREE WARRANTS") | On behalf of the Board of Directors of Eversendai, MIDF Amanah Investment Bank Berhad is pleased to announce that Eversendai proposes to undertake the proposed issuance of up to 390,550,000 new free Warrants on the basis of 1 Warrant for every 2 existing ordinary shares in Eversendai held on an entitlement date to be determined and announced later.
Please refer to the attachment below for further details.
This announcement is dated 16 June 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3059156
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发表于 11-10-2020 08:46 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 228,496 | 399,629 | 228,496 | 399,629 | | 2 | Profit/(loss) before tax | -9,720 | 10,802 | -9,720 | 10,802 | | 3 | Profit/(loss) for the period | -9,070 | 10,495 | -9,070 | 10,495 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -10,145 | 11,141 | -10,145 | 11,141 | | 5 | Basic earnings/(loss) per share (Subunit) | -1.30 | 1.43 | -1.30 | 1.43 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.1700 | 1.1300
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发表于 11-10-2020 08:46 AM
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Type | Announcement | Subject | AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
QUALIFIED OPINION | Description | EVERSENDAI CORPORATION BERHAD (THE "COMPANY")- QUALIFIED OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 | Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Eversendai Corporation Berhad (“ECB” or “the Company”) wishes to announce that the Company’s External Auditors, Messrs. Baker Tilly Monteiro Heng PLT had expressed the following qualified opinion in the Company’s Audited Financial Statements for the financial year ended 31 December 2019:
Qualified Opinion We have audited the financial statements of Eversendai Corporation Berhad, which comprise the statements of financial position as at 31 December 2019 of the Group and of the Company, and the statements of comprehensive income, statements of changes in equity and statements of cash flows of the Group and of the Company for the financial year then ended, and notes to the financial statements, including a summary of significant accounting policies, as set out on pages 7 to 109.
In our opinion, except for the possible effects of the matters described in the Basis for Qualified Opinion section of our report, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 31 December 2019, and of their financial performance and cash flows for the financial year then ended in accordance with the Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia. Basis for Qualified Opinion
1. As disclosed in Note 14(a)(ii) to the financial statements, the carrying amount of the Property, Plant and Equipment and Right-of-Use Assets of Eversendai Offshore RMC FZE (“EVORF”) a wholly-owned indirect subsidiary of the Company, in Energy segment, amounted to RM274,711,000 and RM168,434,000 respectively.
In view of the adverse changes in the oil and gas market and continuous losses incurred by the Energy segment, an impairment assessment on the Property, Plant and Equipment and Right-of- Use Assets of the subsidiary was necessary as required by MFRS 136 Impairment of Assets. However, due to the circumstances of environment in which the segment operates, the Group has not been able to reliably determine the recoverable amount of the segment using value-in-use. The Group is also unable to determine fair value less cost of disposal as reference to any orderly transaction to determine the fair value of these assets was generally not reliable under present circumstances. Nevertheless, the Group believes that the segment would perform well in the future with its recent job wins and global strategic partnership.
As disclosed in Note 16(b) and Note 22(b), the Company’s cost of investment in Eversendai Offshore Sdn Bhd (“EOSB”), which is the holding company of EVORF and amount owing by EVORF amounted to RM39,314,000 and RM203,077,000 respectively. We were unable to obtain sufficient and appropriate audit evidence on the carrying amount of Property, Plant and Equipment and Right-of-Use Assets of EVORF as at 31 December 2019 as any impairment has not been reliably assessed by the Group in accordance with MFRS 136 Impairment of Assets. Therefore, we could not determine, the effect of adjustment, if any, on the financial statements of the Group.
We were also unable to obtain sufficient and appropriate audit evidence on the Company’s cost of investment in subsidiary and amount owing from the subsidiary. Therefore, we could not determine, the effect of adjustment, if any, on the financial statements the Company. Basis for Qualified Opinion (continued) 2. As disclosed in Note 16(a)(i) to the financial statements, the audit of the financial statements of the subsidiary at Thailand, Eversendai S-Con Engineering Co Ltd (“ESECL”) for the financial year ended 31 December 2019 is yet to be completed and as such, the audited financial statements for the financial year 31 December 2019 are not available for the purpose of consolidation with the financial statements of the Group. The financial position and results of the subsidiary have been consolidated based on available management financial statements.
We were unable to carry out procedures to obtain information we consider necessary on the management financial statements of the subsidiary during our audit of the financial statements of the Group. Therefore, we could not determine the effect of adjustments, if any, on the financial statements of the Group. The following are the Key Audit Matters as reported in the Independent Auditors’ Report of the financial year ended 31 December 2019:- Key audit matter | How our audit addressed the key audit matter | Revenue and corresponding costs recognition for construction activities (Note 4(b) and 5 to the financial statements)
The amount of revenue and corresponding costs of the Group’s construction activities is recognised over the period of contract by reference to the progress towards complete satisfaction of that performance obligation. The progress towards complete satisfaction of performance obligation is determined by reference to proportion of construction costs incurred for works performed to date bear to the estimated total costs for each project. We focused on this area because significant directors’ judgement is required, in particular with regards to determining the progress towards satisfaction of a performance obligation, the extent of the construction costs incurred, the estimated total construction contracts revenue and costs, as well as the recoverability of the construction contracts projects. The estimated total revenue and costs are affected by a variety of uncertainties that depend on the outcome of future events.
| Our audit procedures included, among others, ▪ reading the terms and conditions of certain agreements with customers; ▪ understanding the Group’s process in preparing project budget and the calculation of the progress towards anticipated satisfaction of a performance obligation; ▪ comparing directors’ major assumptions to contractual terms and discussing with project manager; ▪ assessing the reasonableness of computed progress towards anticipated satisfaction of a performance obligation for certain identified projects against architect or consultant certificate; ▪ checking the mathematical computation of recognised revenue and corresponding costs for certain projects during the financial year; and ▪ performing the review of the audit working paper of the component auditor
| Recoverability of receivables and contract assets related to the construction of liftboats for a related party (Note 4(c), 19 and 20 to the financial statements)
The Group has significant trade receivables and contract assets related to the construction of liftboats for a related party as at 31 December 2019. We focused on this area because the Group made judgements over assumptions about risk of default and expected loss rate. The assessment on recoverability of the receivables and contract assets related to the construction of liftboats for a related party involves judgement from the directors. | Our audit procedures included, among others; ▪ assessing the related party’s financial position to assess its ability to repay the remaining balances; ▪ reviewing and understanding the Facility Agreement provided by the management relating to the finance of the liftboats; and ▪ performing the review of the audit working paper of the component auditor.
| Right-of-use assets and lease liabilities (Note 4(d), 14(e) and 28 to the financial statements)
During the financial year, the Group has adopted MFRS 16 Leases and has recognised right-of-use (“ROU”) assets and lease liabilities on the date of initial application. We focused on this area because the measurement of the right-of-use assets and lease liabilities requires the application of significant judgement by the Group in determining the lease term, lease payment and incremental borrowing rate. | Our audit procedures included, among others: ▪ evaluating the Group’s assessment on the MFRS 16 impact arising from initial application; ▪ reading the salient terms of certain agreements; ▪ obtaining an understanding on the judgement and estimates made by the Group on key inputs in the computation of ROU assets and lease liabilities; and ▪ testing the mathematical accuracy of the computation of the ROU assets and lease liabilities; and ▪ performing the review of the audit working paper of the component auditor.
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Steps taken or proposed to be taken to address the qualified opinion & the timeline
On 29 April 2020, the wholly-owned indirect subsidiary of the Company, Eversendai Offshore RMC FZE (“EVORF”) has inked Memorandum of Understanding (“MoU”) with Hyundai Engineering & Construction Co Ltd as global strategic partner in modular construction and fabrication work for the construction and energy sector. EVORF has also made its maiden venture into the Offshore Wind Renewable Energy industries in late 2019 and more recently has secured two (2) additional European offshore wind renewable energy (“RE”) projects worth RM186mil in June 2020. EVORF expects a good utilisation of its fabrication yard in 2020 with the order book secured and on the back of these recent diversification efforts, EVORF is positioned well in the modular construction work and in the European Wind Renewable Energy sector to secure more projects going forward which would increase the utilisation of the EVORF fabrication yard.
The subsidiary in Thailand, Eversendai S-Con Engineering Co Ltd (“ESECL”) delayed in finalising the audited financial statements for the year ended 31 December 2019 due to Coronavirus Disease 2019 (COVID-19) lockdown. The company shall follow up to complete the audit of the financial statements for the year ending 31 December 2019 by September 2020.
This announcement is dated 30 June 2020.
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发表于 11-10-2020 09:26 AM
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Type | Announcement | Subject | MULTIPLE PROPOSALS | Description | EVERSENDAI CORPORATION BERHAD ("EVERSENDAI" OR "COMPANY")(I) PROPOSED ACQUISITION; (II) PROPOSED DIVERSIFICATION; AND (III) PROPOSED AMENDMENTS. | Further to the announcements made by the Company on 10 February 2020, 10 March 2020, 31 March 2020, 30 April 2020 and 1 June 2020, MIDF Amanah Investment Bank Berhad wishes to announce on behalf of the Board of Directors of Eversendai that Eversendai had on 30 June 2020 entered into a conditional share sale agreement (“SSA”) with Vahana Holdings Sdn. Bhd. in relation to the proposed acquisition of 100% equity interest in Vahana Offshore (M) Sdn. Bhd., for a purchase consideration of RM235,000,000 to be fully satisfied via the issuance of 770,491,803 new redeemable convertible preference shares in Eversendai ("RCPS") at an issue price of RM0.305 each, upon and subject to the terms and conditions of the SSA ("Proposed Acquisition").
In conjunction with the Proposed Acquisition, the Company proposes to undertake the following:
(I) proposed diversification of the principal activities of Eversendai and its subsidiaries to include ownership, operation, chartering and management of liftboats, marine vessels, tugs and barges ("Proposed Diversification"); and
(II) proposed amendments to the Constitution of Eversendai to facilitate the issuance of the RCPS pursuant to the Proposed Acquisition ("Proposed Amendments").
Please refer to the attachment below for further details of the Proposed Acquisition, Proposed Diversification and Proposed Amendments.
This announcement is dated 30 June 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3064761
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发表于 1-1-2021 09:09 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Jun 2020 | 30 Jun 2019 | 30 Jun 2020 | 30 Jun 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 192,563 | 379,885 | 421,059 | 779,514 | | 2 | Profit/(loss) before tax | -26,070 | 11,106 | -35,790 | 21,908 | | 3 | Profit/(loss) for the period | -26,188 | 10,371 | -35,258 | 20,866 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -26,321 | 8,369 | -36,466 | 19,510 | | 5 | Basic earnings/(loss) per share (Subunit) | -3.37 | 1.07 | -4.67 | 2.50 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.1100 | 1.1300
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发表于 23-1-2021 10:02 AM
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Type | Announcement | Subject | OTHERS | Description | Eversendai Corporation Berhad (the "Company" or "Eversendai")Disposal of Shares in Eversendai S-Con Engineering Co. Ltd (S-Con) | 1. INTRODUCTION
Eversendai Corporation Berhad (the “Company”) wishes to announce that its wholly-owned subsidiary, Eversendai Construction (S) Pte. Ltd. (“ECSPL”) had, on 22 September 2020, entered into a Share Sale Agreement (the “Agreement”) for the disposal of 40,000 ordinary shares (“Class B shares”) and 10,000 preference shares (“Class D shares”) in S-Con which represents 49.5% of the issued and paid up share capital in S-Con (“Proposed Disposal”).
Upon completion of the Proposed Disposal, S-Con shall cease to be a subsidiary of the ECSPL.
2. INFORMATION OF S-CON
S-Con was incorporated on 30 December 1992 in Thailand and currently has an authorized share capital of THB10,100,000.00 million comprising of 101,000 shares of THB100.00 each which have been issued and fully paid-up.
S-Con’s principal activity is in the business of steel fabrication and installation.
3. RATIONALE OF THE PROPOSED DISPOSAL
ECSPL has decided to dispose its shares in S-Con due to lack of opportunities in Thailand resulting from the difficult business environment and to reduce possible adverse effects in the operation of Eversendai and its group of companies.
4. FINANCIAL EFFECTS
4.1 Issued share capital, substantial shareholders’ shareholdings, net assets and gearing
The Proposed Disposal will not have any effect on the issued share capital and the shareholdings of the substantial shareholders of the Company as the Proposed Disposal does not involve any issuance of new ordinary shares of the Company.
The Proposed Disposal is not expected to have any material effect on the net assets and gearing of Eversendai Group.
4.2 Earnings and earnings per share (“EPS”)
Upon completion of the Proposed Disposal, Eversendai Group expects to realise an estimated net gain on disposal of approximately RM3.9 million.
5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
None of the directors and/or major shareholders in the Company and/or persons connected to them have any interest, direct or indirect, in the Proposed Disposal.
6. DIRECTORS’ STATEMENT
The Board of Directors of the Company, having considered all the relevant factors in respect of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of the Company.
This announcement is dated 24 September 2020.
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发表于 8-2-2021 09:39 AM
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| EVERSENDAI CORPORATION BERHAD |
Entitlement subject | Bonus Issue | Entitlement description | ISSUANCE OF UP TO 390,550,000 NEW FREE WARRANTS IN EVERSENDAI CORPORATION BERHAD ("EVERSENDAI") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN EVERSENDAI HELD BY ENTITLED SHAREHOLDERS AT 5.00 P.M., ON 15 OCTOBER 2020 ("FREE WARRANTS") | Shareholder's Approval | Yes | Ex-Date | 14 Oct 2020 | Entitlement date | 15 Oct 2020 | Entitlement time | 5:00 PM | Financial Year End |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Securities Crediting Date |
| | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 15 Oct 2020 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) | 390,550,000 | Entitlement indicator | Ratio | Par Value (if applicable) |
| | Securities Entitlement | Company Name | EVERSENDAI CORPORATION BERHAD | Entitlement | Warrants | Ratio (New : Existing) | 1.0000 : 2.0000 |
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发表于 15-3-2021 05:08 AM
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本帖最后由 icy97 于 9-7-2021 11:42 AM 编辑
Profile for Securities of PLC| EVERSENDAI CORPORATION BERHAD |
Instrument Category | Securities of PLC | Instrument Type | Warrants | Description | ISSUANCE OF 390,499,496 NEW FREE WARRANTS IN EVERSENDAI CORPORATION BERHAD ("EVERSENDAI") ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING ORDINARY SHARES IN EVERSENDAI HELD BY ENTITLED SHAREHOLDERS AT 5.00 P.M., ON 15 OCTOBER 2020 ("FREE WARRANTS") |
Listing Date | 23 Oct 2020 | Issue Date | 19 Oct 2020 | Issue/ Ask Price | Not Applicable | Issue Size Indicator | Unit | Issue Size in Unit | 390,499,496 | Maturity | Mandatory | Maturity Date | 18 Oct 2025 | Revised Maturity Date |
| | Name of Guarantor | Not Applicable | Name of Trustee | Not Applicable | Coupon/Profit/Interest/Payment Rate | Not Applicable | Coupon/Profit/Interest/Payment Frequency | Not Applicable | Redemption | Not Applicable | Exercise/Conversion Period | 5.00 Year(s) | Revised Exercise/Conversion Period | Not Applicable | Exercise/Strike/Conversion Price | Malaysian Ringgit (MYR) 0.3200 | Revised Exercise/Strike/Conversion Price | Not Applicable | Exercise/Conversion Ratio | 1:1 | Revised Exercise/Conversion Ratio | Not Applicable | Mode of satisfaction of Exercise/ Conversion price | Cash | Settlement Type/ Convertible into | Physical (Shares) |
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 | 260,484 | 413,458 | 681,543 | 1,192,972 | | 2 | Profit/(loss) before tax | -33,122 | 5,133 | -68,912 | 27,041 | | 3 | Profit/(loss) for the period | -33,977 | 3,110 | -69,235 | 23,976 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -35,886 | 1,473 | -72,352 | 20,983 | | 5 | Basic earnings/(loss) per share (Subunit) | -7.97 | 0.19 | -9.26 | 2.69 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.0600 | 1.1300
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发表于 3-10-2021 08:54 AM
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| EVERSENDAI CORPORATION BERHAD |
Date of change | 01 Oct 2021 | Name | MR NARISHNATH A/L NATHAN | Age | 38 | Gender | Male | Nationality | Malaysia | Type of change | Redesignation | Previous Position | Executive Director | New Position | Deputy Group Managing Director | Directorate | Executive |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Degree | Business Information Technology | Coventry University, United Kingdom. | |
Working experience and occupation | He first joined Eversendai Dubai in 2004, after which he was posted to Eversendai Qatar in 2006 as its General Manager where he, among others, set up Eversendais fabrication facility and managed several other major projects. He was also instrumental in securing several large contracts for Eversendai.He also served the company as Country Head/Executive Director for the Indian operations representing 4 divisions i.e. Infrastructure, Engineering, Power and Fabrication. Today, he is the Chief Executive Ocer of Eversendais Group Energy Division. | Family relationship with any director and/or major shareholder of the listed issuer | He is the son of Tan Sri Dato Nathan A/L Elumalay, the Executive Chairman and Group Managing Director. |
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发表于 13-2-2022 10:19 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2021 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Sep 2021 | 30 Sep 2020 | 30 Sep 2021 | 30 Sep 2020 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 307,920 | 260,484 | 901,440 | 681,543 | | 2 | Profit/(loss) before tax | -12,331 | -33,122 | -19,683 | -68,912 | | 3 | Profit/(loss) for the period | -13,037 | -33,977 | -23,938 | -69,235 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -14,822 | -35,886 | -27,520 | -72,352 | | 5 | Basic earnings/(loss) per share (Subunit) | -1.90 | -4.59 | -3.52 | -9.26 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.9500 | 0.9500
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发表于 13-10-2023 01:07 AM
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发表于 8-11-2023 08:57 AM
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Type | Announcement | Subject | MEMORANDUM OF UNDERSTANDING | Description | EVERSENDAI SIGNS MOU WITH ALGIHAZ HOLDING CONSTRUCTION FOR SAUDI ARABIA -UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") | Reference is made to the Company’s announcement dated 12 October 2023 in relation to the MOU between Eversendai Resources Sdn Bhd (“ERSB”), a wholly owned subsidiary of Eversendai Corporation Berhad, and Algihaz Holding Construction (“Algihaz”) (“Announcement”).
The Board of Directors of Eversendai Corporation Berhad wishes to update that ERSB, a wholly owned subsidiary of Eversendai Corporation Berhad, had on 28 September 2023, entered into a Memorandum of Understanding with Algihaz whereby ERSB and Algihaz intend to establish a joint venture partnership company to execute structural steel projects in the Kingdom of Saudi Arabia (“KSA”).
Please refer to the attachment for further information.
This announcement is dated 17 October 2023. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3393113
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发表于 14-3-2024 12:14 AM
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Type | Announcement | Subject | OTHERS | Description | EVERSENDAI CORPORATION BERHAD ("ECB"or The Company) | The Directors of the Company wish to announce that ECB’s subsidiaries in Kingdom of Saudi Arabia (“KSA”), United Arab Emirates (“UAE”) and India have secured new projects worth RM5.4 billion.
The Projects In KSA, its subsidiary company, Eversendai Engineering Saudi LLC in collaboration with Albawani Company Limited secured the first structural steel signature building from NEOM for the Trojena Ski Village, NEOM’s year-round mountain destination. The scope of work consists of engineering, connection design, material supply, fabrication and installation of structural steel, precast and concreting, metal decking and fireproofing for the iconic mountain resort in Trojena’s Ski Village.
In UAE, its subsidiary company, Eversendai Mega Structure FZ LLC secured the structural steel scope for the Wynn Al Marjan Island Integrated Resort Development in Ras Al Khaimah which will feature a 1,500 rooms luxury hotel with world-class shopping, state-of-art meeting and convention facilities, bespoke restaurants and lounges, extensive entertainment choices and other amenities.
Its subsidiary company in India has secured two (2) structural steel projects which includes the Rupa IT Building and the Rupa Crystal IT Building. With the above new projects, the Group’s current outstanding order book is RM6.6 billion, a record in ECB history.
Financial Effect The Board is of the opinion that the above new projects are expected to contribute positively to the net assets and earnings of the Group for the financial year ending 31 December 2024 and onwards until the completion of the projects. The contracts will not have any effect on the share capital or substantial shareholders’ shareholdings.
Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks.
Directors’ and Major Shareholders’ Interest None of the Directors and/or Major Shareholders of the Company or persons connected with them has any interest, direct and indirect, in the above new contracts.
Statement by the Directors The Board of Directors of the Company is of the opinion that the above new projects are within the ordinary course of business of the Group, is in the best interest of the Group and no approval from the shareholders is required.
This announcement is dated 13 March 2024. |
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发表于 19-3-2024 02:51 AM
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Type | Announcement | Subject | OTHERS | Description | EVERSENDAI CORPORATION BERHAD ("ECB" or The Company) | (Unless stated otherwise, all abbreviations used herein shall have the same meaning as those mentioned in the Company's announcement dated 13 March 2024.)
Reference is made to the announcement dated 13 March 2024, in relation to new projects secured worth RM5.4 billion (“New Projects”).
1) Details on the 4 New Projects secured by subsidiaries of EVERSENDAI as follows:
No. | Name of the companies that awarded the contract/ project | Name of the recipient (Company’s subsidiaries) | Date of securing the projects by the Company’s subsidiaries | Value of the project/ contract secured (in RM) | Tenure of the project/ contract | Whether the project/ contract is subject to renewal | 1. | NEOM Company | Eversendai Engineering Saudi LLC | 7 Mar 2024 |
| 28.5 months | No | 2. | ALEC Engineering and Contracting LLC – RAK Branch | Eversendai Mega Structure FZ-LLC | 4 Dec 2023 (Due to procedural delays, Eversendai Mega Structure FZ-LLC company got incorporated only on 24 Jan 2024 under RAK Economic Zone.) |
| 11.5 months | No | 3. | RUPA Infotech & Infrastructure Pvt Ltd | Eversendai Construction Private Limited | 8 Mar 2024 |
| 23 months | No | 4. | Maryland Infrastructure Pvt Ltd | Eversendai Construction Private Limited | 8 Mar 2024 |
| 25 months | No | Total Sum | 5,372 million |
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Note: We are unable to provide a breakdown of project/contract value as this would violate the NDAs signed as well as jeopardise our position with our competitors and clients.
2) In respect to the collaboration by Eversendai Engineering Saudi LLC with Albawani Company Limited in securing contract in NEOM, KSA, to state whether the collaboration is subject to joint control in which the parties bear the costs of the project and receive a share of any resulting output. If yes, please specify the percentage of cost and profit sharing between the parties. Eversendai Engineering Saudi LLC collaborated with Al Bawani to tender for the said project. Upon securing the project, both parties shall formalise the relationship. Discussions are in progress and once formalised, we will make the announcement. To also state the equity participation of the parties if a joint venture corporation is/will be formed. No incorporated joint venture will be formed, this is a project specific collaboration.
3) Reason for not announcing the awards/ contracts immediately upon receipt of the same pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. Due to legal implications from the Non-Disclosure Agreements signed with the clients, we are required to obtain consent/approvals by the end clients before we can make any public announcements. We are also constrained in making any single project announcement which jeopardises our position with our competitors and clients by disclosing the exact contract value for each individual project.
This announcement is dated 18 March 2024. |
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发表于 20-3-2024 11:33 PM
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Notice of Person Ceasing (Section 139 of CA 2016)| EVERSENDAI CORPORATION BERHAD |
Particulars of Substantial Securities HolderName | URUSHARTA JAMAAH SDN. BHD. | Address | Kementerian Kewangan Malaysia, Aras 5, Blok Selatan
Kompleks Kementerian Kewangan Malaysia
62592 Putrajaya
Putrajaya
62592 Wilayah Persekutuan
Malaysia. | Company No. | 1307642V | Nationality/Country of incorporation | Malaysia | Descriptions (Class) | Ordinary Shares | Name of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd | Address of registered holder | Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur | Date of cessation | 14 Mar 2024 |
No of securities disposed | 10,000,000 | Circumstances by reason of which a person ceases to be a substantial shareholder | Disposal of shares | Nature of interest | Direct Interest |  | Date of notice | 15 Mar 2024 | Date notice received by Listed Issuer | 19 Mar 2024 |
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发表于 11-9-2024 11:13 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2024 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Jun 2024 | 30 Jun 2023 | 30 Jun 2024 | 30 Jun 2023 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 275,509 | 281,828 | 675,224 | 589,142 | | 2 | Profit/(loss) before tax | 4,803 | 2,567 | 12,276 | 5,466 | | 3 | Profit/(loss) for the period | 428 | 855 | 4,910 | 2,287 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 371 | -854 | 726 | 341 | | 5 | Basic earnings/(loss) per share (Subunit) | 0.05 | -0.11 | 0.09 | 0.04 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| 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 ($$) | 0.4700 | 0.4600
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发表于 19-9-2024 07:45 PM
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Type | Announcement | Subject | OTHERS | Description | EVERSENDAI SECURES RM1.1 BILLION NEW CONTRACTS TO ACHIEVE RECORD OF RM6.7 BILLION ORDER BOOK. | Eversendai Corporation Berhad’s group of companies has been awarded RM1.1 billion worth of new contracts. Eversendai in Chennai, India secured the composite structural steel and civil works project for the DLF Downtown Taramani Block 4 & 5, the single largest contract win in the history of Eversendai India. The 27-floor and 32-floor building development, with a total built-up area of 4.4million sq. ft., will redefine Chennai's IT corridor as its vibrant new epicentre with state-of-the-art office spaces offering unparalleled amenities. The scope of this project includes engineering, connection design, shop drawings, steel material supply, fabrication, delivery, erection of structural steel works and civil works.
Eversendai in Mumbai, India secured the C65 commercial tower project, a 19-floor composite structure building and the 30 Little Gibbs, a high-rise composite structure residential building in Malabar Hills, Mumbai. Eversendai in Singapore secured the Founder’s Memorial project. The scope of all these projects includes connection design, engineering & preparation of shop drawings, steel material supply, fabrication, delivery and erection of structural steel works. Eversendai in the Kingdom of Saudi Arabia secured another structural steel subcontract works package for the Speed Park Track, Primary Pit and Motorsports Experience Centre. The Speed Park Track is a new Qiddiya racetrack located near the heart of Riyadh that is set to host the biggest international motorsport championships in the world. With this development, Qiddiya will be taking the spot as the hub of F1 races. Fans will have multiple vantage points to watch the races as the Tuwaiq Mountains of Qiddiya City overlooks the Speed Park Track.
Tan Sri AK Nathan, executive chairman and group managing director of Eversendai Corporation Bhd, expressed that the Group’s current historic outstanding order book of RM6.7 billion including the newly secured projects will be a boost to progressively enhance Eversendai's turnover and profits. The Eversendai Group of companies is on the path to reach greater heights in 2025 and beyond with the record high order book in hand. Going forward, there are more lucrative high-profile projects expected to be secured in the Middle East and other countries where we currently have operations. The Group foresees progressive optimal utilisation of all its fabrication facilities with the current outstanding order book as the project momentum increases. The Group’s Ijarah facility drawn down for the first lift boat Vahana Aryan has been fully settled by Vahana Offshore (M) Sdn Bhd. Its total borrowings has reduced by 26% from RM1,052 million to RM778 million and we are working towards reducing the borrowings further in the next few years.
"The Trojena Ski Village mega project secured from Neom in the Kingdom of Saudi Arabia on 7 March 2024 is progressing well. The first steel structure for the Trojena Ski Village project was installed on schedule on 20 June 2024, meeting the first contractual milestone. The connection design, engineering & shop drawings are in progress which are paramount to start structural steel fabrication in the factory and construction at project site. The site progress will increase at a faster pace from November 2024 onwards to complete the project as committed by Eversendai’s dedicated and experienced management as well as its highly skilled work force", said A K Nathan. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482073
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发表于 20-9-2024 03:48 AM
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Type | Announcement | Subject | OTHERS | Description | EVERSENDAI CORPORATION BERHAD ("ECB" or The Company) | (Unless stated otherwise, all abbreviations used herein shall have the same meaning as those mentioned in the Company's announcement dated 09 September 2024.)
Reference is made to the announcement dated 09 September 2024.
1.Details on the New Contracts secured by subsidiaries of EVERSENDAI as follows:
No. | Name of the companies that awarded the contract/ project | Name of the recipient (Company’s subsidiaries) | Date of securing the projects by the Company’s subsidiaries | Value of the project/ contract secured (in RM) | Tenure of the project/ contract | Whether the project/ contract is subject to renewal | i. | Larsen & Toubro Limited / [GOISU Realty Pvt. Ltd; Taisei Corporation] | Eversendai Construction Private Limited, India | 26th March 2024 | - | 17 Months from issuance of LOA |
NO | ii. | Kim Seng Heng Engineering Construction Pte Ltd / National Herritage Board |
Eversendai Engineering Pte Ltd, Singapore | 15th April 2024 | - | 24.5 Months |
NO | iii. | Raghava Projects | Eversendai Construction Private Limited, India | 18th April 2024 | - | 26 Months from issuance of LOI, Erection to commence in December 2025 |
NO | iv. | Lamprell Energy Limited | Eversendai Offshore RMC FZE | 8th May 2024 | - |
3 months |
NO | v. | National Petroleum Construction Company PJSC |
Eversendai Offshore RMC FZE | 16th May 2024 | - |
8 months |
NO | vi. | Larsen & Toubro Limited | Eversendai Construction Private Limited, India | 6th June 2024 | - | 2 months |
NO | vii. | Soubhagya Properties Private Limited |
Eversendai Construction Private Limited, India | 14th August 2024 | - | 29 Months (Excluding 1 Month of Mobilization Period) from the Date of
Commencement (or) Zero Date |
NO | viii. | Larsen & Toubro Limited
(L&T Energy - Hydrocarbon Modular Fabrication) |
Eversendai Construction Private Limited, India | 14th August 2024 |
| 8 Months from the issuance of LOA |
NO | ix | DLF Info Park Developers (Chennai) Limited | Eversendai Construction Private Limited, India | 23rd August 2024 (Eversendai signed the LOI on 5th September 2024) | - | 23 Months from the date of Handing Over of Excavated Area. |
NO | x. | Alec El Seif JV - Alec Saudi Arabia Engineering & Contracting LLC & El Seif Engineering Contracting Co. Ltd |
Eversendai Engineering Saudi LLC | 5th September 2024 | - | 14 months |
NO | Total Sum | 1.1 billion | | |
2) The financial impact of the contracts on the Group.
The Board is of the opinion that the above new projects are expected to contribute positively to the net assets and earnings of the Group for the financial year ending 31 December 2024 and onwards until the completion of the projects. The contracts will not have any effect on the share capital or substantial shareholders’ shareholdings.
3) Risks in relation to the contracts.
The Company does not foresee any exceptional risk other than the normal operational risks.
4) Whether the directors, major shareholders and/or persons connected with them have any interest, direct or indirect, in the contracts, and the nature and extent of their interests.
None of the Directors and/or Major Shareholders of the Company or persons connected with them has any interest, direct and indirect, in the above new contracts.
5) Reason for not announcing each of the award/ contract immediately upon receipt of the same pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Due to legal implications from the Non-Disclosure Agreements signed with the clients, we are required to obtain consent/approvals by the end clients before we can make any public announcements. We are also constrained in making any single project announcement which jeopardises our position with our competitors and clients by disclosing the exact contract value for each individual project.
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