【JETSON 9083 交流专区】吉申

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吉申拟私下配售筹达780万
By Chester Tay / theedgemarkets.com   | March 6, 2017 : 5:18 PM MYT

（吉隆坡6日讯）吉申（Kumpulan Jetson Bhd）计划私下配售，筹集高达778万令吉，充作一年内的营运资本。

该集团今日向大马交易所报备，每股参阅价为35仙，较截至2月24日的5天成交量加权均价（38.4仙）折价8.85%。

该计划将发行高达2222万新股，予稍后确定的第三方投资者，相当于集团扩大后缴足股本的约10%。

除了10万令吉是私配的估计费用外，其余将用作营运资本如营运开销、间接费用，以及交易和其他应付款项。

吉申预计，负债率将从截至2015年12月31日止2015财年的0.52倍，降至0.4倍。

该集团预计，这项企业活动将于2017财年第二季完成。

（编译：陈慧珊）

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	KUMPULAN JETSON BERHAD ("JETSON" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 22,216,000 NEW ORDINARY SHARES IN JETSON TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of Jetson, KAF Investment Bank Berhad wishes to announce that the Company is proposing to undertake the Proposed Private Placement. Kindly refer to the attached document for the complete announcement. This announcement is dated 6 March 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5357401

Attachments Jetson - Private Placement.pdf

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KUMPULAN JETSON BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	PRIVATE PLACEMENT OF UP TO 22,216,000 NEW ORDINARY SHARES IN JETSON
No. of shares issued under this corporate proposal	9,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.3600
Par Value ($$)	Malaysian Ringgit (MYR)   0.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units	196,967,012
Currency	Malaysian Ringgit (MYR) 0.000
Listing Date	25 Apr 2017

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KUMPULAN JETSON BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	PRIVATE PLACEMENT OF UP TO 22,216,000 NEW ORDINARY SHARES IN JETSON
No. of shares issued under this corporate proposal	5,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.3550
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	201,967,012
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 98,998,506.000
Listing Date	25 May 2017

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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	38,350	35,961	38,350	35,961
2	Profit/(loss) before tax	717	-1,442	717	-1,442
3	Profit/(loss) for the period	283	-1,566	283	-1,566
4	Profit/(loss) attributable to ordinary equity holders of the parent	296	-1,563	296	-1,563
5	Basic earnings/(loss) per share (Subunit)	0.16	-0.83	0.16	-0.83
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 ($$)	0.5345		0.5329

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吉申获9亿分包合约
隆建高档公寓酒店

2017年6月30日
（吉隆坡29日讯）吉申（JETSON，9083，主板建筑股）获颁一项分包合约，负责在吉隆坡葛莱路（Jalan Conlay），建设高端服务式公寓和酒店，总值约9亿1932万令吉。

吉申今日向交易所报备，独资子公司吉申建筑私人有限公司，获中国中冶马来西亚私人有限公司（MCC Overseas）颁发合约，后者是中国冶金科工集团有限公司的子公司。

项目总值约9亿1932万令吉，其中建筑工程为约3亿3667万3342令吉，而指定项目和暂定款（Prime Cost and Provisional Sums）是5亿8265万令吉。

工程分4阶段进行，第一阶段包括建设地下室和10层楼台基（podium block）；第二和第三阶段，分别建设A栋和B栋服务式公寓，各有61层楼和56层楼。

至于第四阶段，即C栋楼，将涵盖72层楼的酒店和酒店套房。

新合约将为吉申和其子公司，截至2017至2021财年的净利带来正面贡献。【e南洋】

Type	Announcement
Subject	OTHERS
Description	ACCEPTANCE OF AWARD OF THE SUB-CONTRACT WORKS
Kumpulan Jetson Berhad (“Jetson”) wishes to announce that Jetson Construction Sdn Bhd, a wholly-owned subsidiary of the Company has accepted the sub-contract works for main building works - Package B (preliminaries, demolition and site works, architectural works to basement, podium structural works, elevated carpark, retails, Tower B, sky bridges and facilities floor, external works, hard landscaping works and etc) of the project known as “Cadangan Pembangunan Perdagangan Bercampur Yang Mengandungi 3 Blok Menara Iaitu: Fasa 1: 5 Tingkat Besmen Dan 10 Tingkat Podium Fasa 2: Menara A - 61 Tingkat Pangsapuri Servis Fasa 3: Menara B - 56 Tingkat Pangsapuri Servis Fasa 4: Menara C - 72 Tingkat Hotel (Fasa 4A) Dan Hotel Suite Strata (Fasa 4B) Di Atas Lot 20000 (Lot Lama 111 & 112) Seksyen 63, Jalan Conlay, Wilayah Persekutuan Kuala Lumpur” (“Project”) from MCC Overseas (M) Sdn Bhd for the contract sum of RM919,323,342.90 comprising: i.     Building works                           - RM336,673,342.90 ii.    Prime cost and provisional sum   - RM582,650,000.00 The Project is expected to contribute positively to the earnings of Jetson and its subsidiaries for financial years ending 2017 to 2021.  The Project will not have any effects on the share capital and shareholding structure of Jetson. None of the Directors and/or major shareholders of Jetson and/or persons connected to them have any interest, direct or indirect in the Project. The Project is not subject to the approval of shareholders of Jetson. This announcement is dated 29 June 2017.

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中国中冶单方面解约
吉申失9亿分包工程

2017年7月5日
（吉隆坡4日讯）吉申（JETSON，9083，主板建筑股）上周获得的9亿令吉分包合约，遭承包商中国中冶大马私人有限公司单方面解除合约。

吉申今日向交易所报备，在昨日收到中国中冶大马公司的信函，称独资子公司吉申建筑没有先行披露，公司其中一位大股东，在该工程所聘请的第三方顾问公司担任董事。

吉申建筑是在上周四（29日）宣布获得这项中国冶金科工集团子公司所颁发的分包合约，负责在吉隆坡葛莱路（Jalan Conlay），建设高端服务式公寓和酒店，总值约9亿1932万令吉。

吉申今日强调，中国中冶大马公司并没有给予公司回应的机会，并否认相关指控，称撤销合约是对方错误的决定，目前正寻求法律意见。

这项工程原定分4阶段进行，第一阶段包括建设地下室和10层楼台基（podium block）；第二和第三阶段，分别建设A栋和B栋服务式公寓，各有61层楼和56层楼。

至于第四阶段，即C栋楼，将涵盖72层楼的酒店和酒店套房。 【e南洋】

Type	Announcement
Subject	OTHERS
Description	RESCISSION OF THE AWARD OF SUB-CONTRACT
Reference is made to the Company’s announcement on 29 June 2017 relating to the acceptance by the wholly-owned subsidiary of the Company, Jetson Construction Sdn Bhd (“JCSB”) of a letter of award issued by MCC Overseas (M) Sdn Bhd (“MCC”) for sub-contract works. All capitalised terms used herein shall, unless otherwise defined herein, have the same meaning set out in the said announcement. On 3 July 2017, JCSB received a letter from MCC wherein MCC purported to unilaterally rescind the award of the sub-contract relating to the Project on the basis that there was an alleged misrepresentation or non-disclosure of a certain matter namely that one of the substantial shareholders of Company is a director of a third party consultant to the employer of the Project. The Company wishes to inform that MCC has not given an opportunity to JSCB to respond prior to the purported unilateral rescission and JCSB denies any misrepresentation or non-disclosure or wrongdoing giving rise to such rescission. JCSB believes that MCC has repudiated and wrongfully rescinded the said letter of award / sub-contract. JCSB is seeking legal advice on this matter and will take appropriate action in due course. This announcement is dated 4 July 2017.

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郭晓芳．一场游戏一场梦

受到相关利益人拖累，导致价值9亿2000万令吉合约到手不及一周即见财化水，也让原本合作愉快的双方人马关系迅速破裂。

这次闹得不欢而散的是吉申（JETSON，9083，主板建筑组）及中国的中冶海外（MCC）大马子公司。

吉申是在6月29日宣布获MCC颁发上述合约，不过，7月4日突然接获MCC撤销有关合约的信函，只交代“不满前者隐瞒显著股东与项目的相关利益人关系”，而目前，吉申正寻求法律谘询。

在商言商，两者都有各自的立场，但一项合约的签署应该是经过慎重的考量，间中若出现疑虑或冲突，应该坐下来好好谈，不至于没有转弯的余地。

既然事情已发生，何不各退一步纠正错误，重新洽谈合作条件呢？发生这种事，双方都有责任，但最无辜的还是因此合约入场的散户。

在大马，因相关利益人没有交代清楚而果断终止合约的纠纷不只罕见，理由也显得牵强。

以商业角度来看，如果双方有意维持良好合作关系，肯定会继续查证及了解详情，商讨后再作出定夺，而不是发一封信函或文告解释一下，就宣布终止合约，这也未免太儿戏。

须知，这是一笔价值9亿令吉的大型合约，对吉申盈利影响非常显著，估计合约到手消息传开后，许多投资者都是抱着期盼心态入场吸纳，带动股价及成交量在短短几天内飞扬走高。

哪知道欢乐气氛维持不到几天，突如其来的终止合约消息宛如晴天霹雳，当头棒喝编制美梦的散户，才惊觉这根本是一场游戏一场梦。

观察该公司近期股价走势图，可以发现该股于6月23日开始价量齐扬，涨势维持至29日合约颁发当天，股价报48.5仙，创近3年高点。

然而，该股见顶后开始回调，至到7月4日宣布被终止合约，在一个交易日内连跌两道支持点，回到5个月前的35仙水平。

这也意味，后期才进场（获得合约后）的投资者买在高点，若来不及在股价下滑前抽身离开，资金形同被套，走与不走都不好过。

除非此事出现重大转机，如合约重新回到吉申手上或吉申找到另一个足以取代的合约，股价才有望反弹，否则，散户只能继续住套房，等待遥遥无期的解脱日到来。

文章来源：
星洲日报‧投资致富‧投资茶室‧文：郭晓芳‧2017.07.09

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KUMPULAN JETSON BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	PRIVATE PLACEMENT OF UP TO 22,216,000 NEW ORDINARY SHARES IN JETSON
No. of shares issued under this corporate proposal	4,700,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.3000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	206,667,012
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 100,408,506.000
Listing Date	27 Jul 2017

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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	33,383	41,673	71,733	77,634
2	Profit/(loss) before tax	-657	-332	60	-1,774
3	Profit/(loss) for the period	-875	-455	-592	-2,021
4	Profit/(loss) attributable to ordinary equity holders of the parent	-787	-398	-491	-1,961
5	Basic earnings/(loss) per share (Subunit)	-0.39	-0.21	-0.25	-1.04
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 ($$)	0.5141		0.5329

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Date of change	24 Aug 2017
Name	MADAM TEE CHEE BENG
Age	67
Gender	Female
Nationality	Malaysia
Designation	Non-Independent Director
Directorate	Executive
Type of change	Appointment
Qualifications	Madam Tee holds a London Chamber of Commerce and Industry (LCCI) in accounting and advance book-keeping
Working experience and occupation	Madam Tee Chee Beng first joined the Group in 1 March 1980 as Finance and Admin Manager and was appointed the director of Jetson Construction Sdn Bhd on 21 November 2001. Her experience in the financial management, accounts preparation and office administration spans over 46 years, out of which more than 10 years were attached to legal firm, Messrs Mah Kok & Din (now known as Messrs Raja, Daryl and Loh)
Directorships in public companies and listed issuers (if any)	NIL
Family relationship with any director and/or major shareholder of the listed issuer	Madam Tee Chee Beng is the sister of Datuk Teh Kian An, who is the Group Managing Director and a major shareholder of the Company.
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	Kumpulan Jetson Berhad Direct - 6,278,140 ordinary shares    Indirect - 5,093,708 ordinary shares Jebco Engineering Sdn Bhd - a subsidiary of Kumpulan Jetson Berhad Direct - 1 ordinary share
Due Date for MAP	24 Dec 2017

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吉申获7635万合约

2017年10月13日
（吉隆坡12日讯）吉申（JETSON，9083，主板建筑股）获7635万3640令吉次级承包合约，为“武吉加里尔城”服务式公寓进行结构工程。

该公司今日向交易所报备，子公司Jetson ARDC私人有限公司，接获中国建筑马来西亚有限公司颁发的得标书。

该服务式公寓项目分2阶段进行，工程包括2栋大楼和裙楼。裙楼里有停车场、俱乐部、办公室和连接购物中心的桥梁。

吉申相信，该合约将贡献2017财年至2020财年的盈利。【e南洋】

Type	Announcement
Subject	OTHERS
Description	ACCEPTANCE OF AWARD OF THE SUB-CONTRACT WORK
Kumpulan Jetson Berhad (“Jetson”) wishes to announce that Jetson ARDC Sdn Bhd (formerly known as Senyuman Saujana Sdn Bhd), a 51% owned subsidiary of the Company has accepted the letter of award from China State Construction Engineering (M) Sdn Bhd to undertake and complete the sub-contract work on the structure for the project known as “Cadangan pembangunan perdagangan berstrata yang mengandungi:- Fasa 1: 1 block bangunan pangsapuri perkhidmatan 39 tingkat (Menara 1) – 385 unit di atas podium yang terdiri: (i) 7 tingkat podium tempat letak kereta (aras 3-9) dengan sebahagian daripada kemudahan kelab di atas bumbung podium (aras 10-11) (ii) 30 unit kedai pejabat (aras bawah hingga aras 2) (iii) 2 tingkat besmen tempat letak kereta dan (iv) 1 unit laluan menyambungkan podium tempat letak kereta ke Parcel B membeli-belah (di aras 2) Fasa 2: 1 block bangunan pangsapuri perkhidmatan 41 tingkat (Menara 2) – 324 unit dengan sebahagian daripada kemudahan kelab di atas bumbung podium (aras 10) di atas Lot PT 15294 (Parcel F), Bandar Bukit Jalil, Off Lebuhraya Bukit Jalil, Mukim Petaling, Kuala Lumpur untuk Tetuan Pioneer Haven Sdn Bhd” for a sub-contract sum of RM76,353,640.14 (“Project”). The Project is expected to contribute positively to the earnings of Jetson and its subsidiaries for financial years ending 2017 to 2020. The Project will not have any effects on the share capital and shareholding structure of Jetson. None of the Directors and/or major shareholders of Jetson and/or persons connected to them have any interest, direct or indirect in the Project. The Project is not subject to the approval of shareholders of Jetson. This announcement is dated 12 October 2017.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

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

1	Revenue	34,566	34,068	106,299	111,702
2	Profit/(loss) before tax	-1,789	-644	-1,729	-2,418
3	Profit/(loss) for the period	-2,026	-925	-2,618	-2,946
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,923	-798	-2,414	-2,759
5	Basic earnings/(loss) per share (Subunit)	-0.94	-0.43	-1.22	-1.47
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 ($$)	0.4999		0.5329

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Date of change	23 Nov 2017
Name	DATUK GAN SEONG LIAM
Age	62
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Due to work commitments

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

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

1	Revenue	41,097	41,178	147,396	152,880
2	Profit/(loss) before tax	540	-21,929	-1,189	-24,347
3	Profit/(loss) for the period	-552	-22,647	-3,170	-25,593
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,319	-22,010	-3,733	-24,769
5	Basic earnings/(loss) per share (Subunit)	-0.64	-11.70	-1.87	-13.18
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 ($$)	0.4935		0.5329

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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	45,879	38,350	45,879	38,350
2	Profit/(loss) before tax	-1,351	717	-1,351	717
3	Profit/(loss) for the period	-1,597	283	-1,597	283
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,580	296	-1,580	296
5	Basic earnings/(loss) per share (Subunit)	-0.76	0.16	-0.76	0.16
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 ($$)	0.4856		0.5105

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Date of change	01 Jul 2018
Name	MR ONG SHAU SOO
Age	50
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Executive Officer
Qualifications	Bachelor Degree in Economics (Honours) from Universiti Utara Malaysia
Working experience and occupation	Mr Ong Shau Soo began his career in the banking industry in 1991 and has been attached to Kwong Yik Bank Berhad, RHB Bank Berhad and Hong Leong Bank Berhad. Over the period of 20 years in the banking industry, he held various roles in the Corporate and Commercial Banking Division specialising in real estate financing, loan supervision and restructuring, and credit risk management. He left the banking industry in 2010 to join a property development company based in Kota Kinabalu, Sabah as the Chief Executive Officer, where the company is undertaking one of the largest integrated development in Sabah, comprising a retail mall, residential towers and office towers. He then joined another property development company based in Kuala Lumpur in 2014 as the Chief Executive Officer where the company is actively involving in multiple residential and commercial developments in Klang Valley and Cameron Highlands.
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Mr Ong Shau Soo is a director and a shareholder of a company that is conducting similar business with certain subsidiaries of Kumpulan Jetson Berhad in the construction sector.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest - NilIndirect interest - 145,000 shares held via spouse

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	KUMPULAN JETSON BERHAD ("JETSON" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10.0%) OF THE ISSUE SHARE CAPITAL OF JETSON ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of Jetson, KAF Investment Bank Berhad wishes to announce that the Company is proposing to undertake the Proposed Private Placement. Kindly refer to the attached document for the complete announcement. This announcement is dated 3 July 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5843761

Attachments Jetson - Proposed Private Placement.pdf

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Type	Announcement
Subject	OTHERS
Description	LETTER OF AWARD FOR THE MAIN BUILDING AND EXTERNAL WORKS
Kumpulan Jetson Berhad (“Jetson”) wishes to announce that Jetson Construction Sdn Bhd, a wholly-owned subsidiary of the Company has on today, received the letter of award dated 10 July 2018 from Ken Wong Architect on behalf of O&C Makok Isola Sdn Bhd to undertake and complete the main building and external works for 4 blocks of service apartment totalling 140 units located at Jalan Yap Kwan Seng, Kuala Lumpur for a contract sum of RM88,029,450.03 including a contingency sum of RM4,000,000.00 (“Project”). The tenure of the Project is 32 months which the commencement date is to be confirmed by the architect. The Project is expected to contribute positively to the earnings of Jetson Group for the financial years ending 2018 to 2021. The Project will not have any effects on the share capital and shareholding structure of Jetson. None of the Directors and/or major shareholders of Jetson and/or persons connected to them have any interest, direct or indirect in the Project. The Project is not subject to the approval of shareholders of Jetson. This announcement is dated 12 July 2018.

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Type	Announcement
Subject	OTHERS
Description	HEADS OF AGREEMENT WITH HELIOS PHOTOVOLTAIC SDN BHD FOR SOLAR POWER PROJECTS
Kumpulan Jetson Berhad (“the Company” or “Jetson”) wishes to announce that the Company had on 17 July 2018 entered into a Heads of Agreement (“HOA”) with Helios Photovoltaic Sdn Bhd (“Helios”) to bid or tender with respect to the design, construction and completion of all or any solar power projects in Sabah, Malaysia (“Proposed Projects”), to jointly co-operate with one another to procure the award of the whole or any of the contract packages for the Proposed Projects (“Contract”) from the employers successfully and to jointly execute the Proposed Projects thereafter. (The Company and Helios shall be referred to individually as “Party” or collectively as “the Parties”). Helios is a private limited company incorporated in Malaysia on 20 December 2010. Helios is principally engaged in the business as dealers of solar energy products, offering services ranging from delivering effective solar power solutions (including, but not limited to, providing engineering, procurement, construction and commissioning (EPCC), maintenance and solar monitoring system for all types of photovoltaic projects) to clients through design and build, consulting and project management. Helios has secured and completed numerous solar power projects with value more than USD40,000,000 since its incorporation including, but not limited to, the implementation of the solar power projects within Kapit and Song districts, Sarawak which powers about 700 households in various long houses within these districts. The salient terms of the HOA are as follows: (i)      The Parties agreed to form a special purpose vehicle (“SPV”) to undertake the Proposed Projects with a view of entering into a joint venture agreement (“Definitive Agreement”) upon such terms and conditions as may be mutually agreed between the Parties and that the shares of the SPV shall be held by the Parties respectively in the following proportion or in such other proportions as may be agreed between the Parties: (a)     Helios – 50% (b)     Jetson – 50% (ii)     In the event the Contract is awarded to the SPV, the Parties shall as soon as possible after such award, conclude and execute the Definitive Agreement. (iii)    The HOA shall remain in force until: (a)     the execution of the Definitive Agreement; or (b)     terminated by either Party by giving three (3) month’s written notice to the other Party, whichever is the earlier. None of the directors or major shareholders of the Company, or any persons connected to them, has any direct or indirect interest in the HOA. This announcement is dated 17 July 2018.

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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	46,387	33,383	92,266	71,733
2	Profit/(loss) before tax	-1,121	-657	-2,472	60
3	Profit/(loss) for the period	-1,082	-875	-2,679	-592
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,082	-787	-2,662	-491
5	Basic earnings/(loss) per share (Subunit)	-0.52	-0.39	-1.29	-0.25
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 ($$)	0.4804		0.5105