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发表于 11-2-2020 07:25 AM
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Type | Announcement | Subject | OTHERS | Description | AWARD OF WORK ORDER | 1. INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has recently been awarded with the respective Work Order on one (1) vessel under the Provision of Anchor Handling Tug Supply (“AHTS”) for Conoco Phillips Sarawak Limited and ROC Oil (Sarawak) Sdn Bhd (“Contracts”).
2. SALIENT TERMS OF THE RESPECTIVE WORK ORDER The salient terms of the respective Contracts are as follows:
Vessel | Firm Charter Duration (Days) | Extension (Days) | Total Work Order Value (RM) | Contract Effective Date | Setia Hijrah | 393 | 30 | 19,711,800 | 8 October 2019 |
The total value of the primary duration and the extension duration of the Contracts is approximately Ringgit Malaysia Nineteen Million Seven Hundred Eleven and Eight Hundred Thousand (RM19,711,800).
3. FINANCIAL EFFECTS The Contracts are expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2019 to 2021. Notwithstanding this, the Contracts will not have any material effect on the share capital and shareholding structure of ALAM.
4. RISKS ASSOCIATED WITH THE WORK ORDER The risk factors associated with the Contracts include execution and operational risks such as availability of vessels, skilled manpower, equipment and materials in compliance with the terms of the Contracts, unexpected mechanical breakdown, changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake these Contracts. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contracts.
6. DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the Contracts are in the best interest of the Company.
The announcement is dated 26 November 2019
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发表于 27-3-2020 04:06 AM
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ALAM MARITIM RESOURCES BERHAD |
Particulars of substantial Securities HolderName | SAR VENTURE HOLDINGS (M) SDN BHD | Address | 38F, LEVEL 3, JALAN RADIN ANUM
BANDAR BARU SRI PETALING
KUALA LUMPUR
57000 Wilayah Persekutuan
Malaysia. | Company No. | 437215-U | Nationality/Country of incorporation | Malaysia | Descriptions (Class) | WARRANT | Details of changesNo | Date of change | No of securities | Type of Transaction | Nature of Interest | 1 | 11 Dec 2019 | 43,653,100 | Disposed | Deemed Interest | Name of registered holder | SAR VENTURE HOLDINGS (M) SDN BHD | Address of registered holder | 38F, LEVEL 3, JALAN RADIN ANUM, BANDAR BARU SRI PETALING, 57000 KUALA LUMPUR | Description of "Others" Type of Transaction | WARRANT |
Circumstances by reason of which change has occurred | Disposal | Nature of interest | Direct Interest | Direct (units) | 121,554,617 | Direct (%) | 26.3 | Indirect/deemed interest (units) | 0 | Indirect/deemed interest (%) | 0 | Total no of securities after change | 121,554,617 | Date of notice | 11 Dec 2019 | Date notice received by Listed Issuer | 11 Dec 2019 |
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发表于 28-3-2020 06:35 AM
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Type | Announcement | Subject | OTHERS | Description | AWARD OF WORK ORDER | 1. INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has been awarded with the Work Order under the Provision of Anchor Handling Tug (“AHTS”) for PETRONAS Carigali Sdn Bhd (“Contract”).
2. SALIENT TERMS OF THE CONTRACT The salient terms of the Contract are as follows:
Vessel | Firm Charter Duration | Extension | Total Work Order Value (RM) | Contract Effective Date | Taha Assafa | 125 days | Up to 30 | 6,587,500 | 3 October 2019 |
3. FINANCIAL EFFECTS
The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2019 to 2020. Notwithstanding this, the Contract will not have any material effect on the share capital and shareholding structure of ALAM.
4. RISKS ASSOCIATED WITH THE WORK ORDERS The risk factors associated with the Contract include execution and operational risks such as availability of vessels, skilled manpower, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake the Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract.
6. DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company.
The announcement is dated 17 December 2019.
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发表于 31-3-2020 06:39 AM
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Type | Announcement | Subject | OTHERS | Description | LETTER OF CONTRACT AMENDMENT | 1. INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has been awarded with the respective Letter of Contract Amendment on two (2) vessels under the Provision of Offshore Support Vessels for Petroleum Arrangement Contractors (“PACs”) Production Operations (“Contracts”).
2. SALIENT TERMS OF THE RESPECTIVE CONTRACTS The salient terms of the respective Contracts are as follows:
Vessel | Firm Charter Duration (Months) | Approximate Contract Value (RM) | Contract Effective Date | On hire Date | Vanessa 7 | 6 | 3,240,000 | 14 August 2019 | 28 September 2019 | Vanessa 10 | 6 | 3,240,000 | 14 August 2019 | 6 November 2019 |
The total value of the Contracts is approximately Ringgit Malaysia Six Million Four Hundred Eighty Thousand (RM6,480,000).
3. FINANCIAL EFFECTS The Contracts are expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2019 and thereafter within the duration of the contract. Notwithstanding this, the Contracts will not have any material effect on the share capital and shareholding structure of ALAM.
4. RISKS ASSOCIATED WITH THE WORK ORDERS The risk factors associated with the Contracts include execution and operational risks such as availability of vessels, skilled manpower, equipment and materials in compliance with the terms of the Contracts, unexpected mechanical breakdown, changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake these Contracts. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contracts.
6. DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the Contracts are in the best interest of the Company.
The announcement is dated 23 December 2019.
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发表于 1-4-2020 04:51 AM
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Type | Announcement | Subject | OTHERS | Description | AWARD OF WORK ORDER | 1. INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has been awarded with the Work Order on one (1) vessel under the Provision of Anchor Handling Tug and Supply (“AHTS”) for PETRONAS Carigali Sdn Bhd (“Contract”).
2. SALIENT TERMS OF THE CONTRACT The salient terms of the Contract are as follows:
Vessel |
Commencement Date | Firm Charter Duration | Extension | Approximate Work Order Value (RM) | Contract Effective Date | Setia Jihad |
As per the vessel’s on-hire certificate | Up to 152 days from commencement date | Up to 152 days (inclusive) | 14,416,400 million | 12 November 2019 |
The total value of the primary duration and the extension duration of the Contract is approximately Ringgit Malaysia Fourteen Million Four Hundred Sixteen Thousand Four Hundred (RM14,416,400).
3. FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2019 and thereafter within the duration of the contract. Notwithstanding this, the Contract will not have any material effect on the share capital and shareholding structure of ALAM.
4. RISKS ASSOCIATED WITH THE WORK ORDERS The risk factors associated with the Contract include execution and operational risks such as availability of vessels, skilled manpower, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake the Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract.
6. DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company.
The announcement is dated 26 December 2019.
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发表于 10-4-2020 08:21 AM
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ALAM MARITIM RESOURCES BERHAD |
1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | Conversion of Loan Notes | Details of corporate proposal | Conversion of Redeemable Convertible Notes | No. of shares issued under this corporate proposal | 22,222,222 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0900 | Par Value($$) (if applicable) |
| Latest issued share capital after the above corporate proposal in the following | Units | 1,068,353,306 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 409,265,386.000 | Listing Date | 16 Jan 2020 |
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发表于 14-4-2020 06:40 AM
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Type | Announcement | Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING | Description | ALAM MARITIM RESOURCES BERHAD ("AMRB" OR THE "COMPANY")I. PROPOSED PRIVATE PLACEMENT I; ANDII. PROPOSED PRIVATE PLACEMENT II(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") | On behalf of the Board of Directors of AMRB ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company proposes to undertake the following:- i. a private placement of up to 10% of the total number of issued shares of AMRB to third party investor(s) to be identified later at an issue price to be determined later in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 ("Act") ("Proposed Private Placement I"); and ii. a private placement of up to 20% of the total number of issued shares of AMRB to third party investor(s) to be identified later at an issue price to be determined and announced later ("Proposed Private Placement II").
The above are collectively referred to as the "Proposals". Further details of the Proposals are set out in the attachment enclosed.
This announcement is dated 23 January 2020. | https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3018805
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发表于 15-4-2020 03:58 AM
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ALAM MARITIM RESOURCES BERHAD |
1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | Conversion of Loan Notes | Details of corporate proposal | Conversion of Redeemable Convertible Notes | No. of shares issued under this corporate proposal | 31,678,986 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0947 | Par Value($$) (if applicable) |
| Latest issued share capital after the above corporate proposal in the following | Units | 1,100,032,292 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 412,265,386.000 | Listing Date | 31 Jan 2020 |
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发表于 22-4-2020 07:03 AM
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ALAM MARITIM RESOURCES BERHAD |
1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | Conversion of Loan Notes | Details of corporate proposal | Conversion of Redeemable Convertible Notes | No. of shares issued under this corporate proposal | 31,678,986 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0947 | Par Value($$) (if applicable) |
| Latest issued share capital after the above corporate proposal in the following | Units | 1,131,711,278 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 415,265,386.000 | Listing Date | 20 Feb 2020 |
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发表于 22-4-2020 07:20 AM
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Type | Announcement | Subject | OTHERS | Description | WORK ORDER AWARD | 1. INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has been awarded with a Work Order for the Provision of Anchor Handling Tug and Supply (“AHTS”) for PETRONAS Carigali Sdn Bhd (“Contract”).
2. SALIENT TERMS OF THE CONTRACT The salient terms of the Contract are as follows:
1. | Commencement Date | 4 January 2020 | 2. | Firm Charter Duration | Up to 630 days from Commencement Date | 3. | Contract Effective Date | 4 December 2019 | 4. | Approximate Work Order Value (RM) | 28,000,000 |
The total value of the Contract is approximately Ringgit Malaysia Twenty Eight Million (RM28,000,000).
3. FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2020 and thereafter within the duration of the contract. Notwithstanding this, the Contract will not have any material effect on the share capital and shareholding structure of ALAM.
4. RISKS ASSOCIATED WITH THE CONTRACT The risk factors associated with the Contract include execution and operational risks such as availability of vessels, skilled manpower, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake the Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract.
6. DIRECTORS' STATEMENT
The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company.
The announcement is dated 18 February 2020.
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发表于 3-5-2020 07:04 AM
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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 | $$'000 |
1 | Revenue | 93,235 | 31,495 | 301,840 | 95,367 | 2 | Profit/(loss) before tax | -65,368 | -128,405 | -73,516 | -168,125 | 3 | Profit/(loss) for the period | -65,545 | -131,886 | -73,911 | -167,615 | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -63,674 | -132,516 | -71,832 | -170,941 | 5 | Basic earnings/(loss) per share (Subunit) | -6.40 | -14.30 | -7.60 | -18.50 | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.3700 | 0.4300
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发表于 21-5-2020 08:01 AM
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Type | Announcement | Subject | OTHERS | Description | WORK ORDER AWARD | 1. INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has been awarded with a Work Order for the Provision of Anchor Handling Tug Supply (“AHTS”) for PETRONAS Carigali Sdn Bhd (“Contract”).
2. SALIENT TERMS OF THE CONTRACT The salient terms of the Contract are as follows:
1. | Commencement Date | 11 February 2020 | 2. | Firm Charter Duration | Up to 460 days from Commencement Date | 3. | Contract Effective Date | 10 February 2020 | 4. | Approximate Work Order Value (RM) | 24,800,000 |
The total value of the Contract is approximately Ringgit Malaysia Twenty-Four Million Eight Hundred Thousand (RM24,800,000).
3. FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2020 and thereafter within the duration of the contract. Notwithstanding this, the Contract will not have any material effect on the share capital and shareholding structure of ALAM.
4. RISKS ASSOCIATED WITH THE CONTRACT The risk factors associated with the Contract include execution and operational risks such as availability of vessels, skilled manpower, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake the Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract.
6. DIRECTORS' STATEMENT
The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company.
The announcement is dated 2 April 2020
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发表于 2-6-2020 06:23 AM
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Type | Announcement | Subject | OTHERS | Description | AWARD OF WORK ORDER | 1. INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has been awarded with the Work Order under the Provision of Underwater Services for Sapura OMV Upstream (PM) Inc (“Contract”).
2. THE CONTRACT The Contract is valued at approximately RM6,494,636.10 and is expected to commence in June 2020 until July 2020.
3. FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2020. Notwithstanding this, the Contract will not have any material effect on the share capital and shareholding structure of ALAM.
4. RISKS ASSOCIATED WITH THE CONTRACT The risk factors associated with the Contract include execution and operational risks such as availability of vessels, skilled manpower, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake the Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract.
6. DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company.
The announcement is dated 4 May 2020.
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发表于 8-6-2020 08:05 AM
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ALAM MARITIM RESOURCES 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 10% of the issued shares of Alam Maritim Resources Berhad | No. of shares issued under this corporate proposal | 45,454,545 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0660 | Par Value($$) (if applicable) |
| Latest issued share capital after the above corporate proposal in the following | Units | 1,177,165,823 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 418,265,386.000 | Listing Date | 21 May 2020 |
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发表于 15-6-2020 07:11 AM
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ALAM MARITIM RESOURCES BERHAD |
1. Details of Corporate Proposal | Involve issuance of new type/class of securities ? | No | Types of corporate proposal | Private Placement | Details of corporate proposal | Private Placement of up to 10% of the issued shares of Alam Maritim Resources Berhad | No. of shares issued under this corporate proposal | 67,716,582 | Issue price per share ($$) | Malaysian Ringgit (MYR) 0.0700 | Par Value($$) (if applicable) |
| Latest issued share capital after the above corporate proposal in the following | Units | 1,244,882,405 | Issued Share Capital ($$) | Malaysian Ringgit (MYR) 423,005,546.740 | Listing Date | 29 May 2020 |
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发表于 11-10-2020 08:26 AM
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本帖最后由 icy97 于 25-10-2020 07:25 AM 编辑
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 | 104,434 | 27,611 | 104,434 | 27,611 | 2 | Profit/(loss) before tax | -22,898 | -4,305 | -22,898 | -4,305 | 3 | Profit/(loss) for the period | -23,074 | -4,386 | -23,074 | -4,386 | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -22,715 | -4,415 | -22,715 | -4,415 | 5 | Basic earnings/(loss) per share (Subunit) | -2.10 | -0.50 | -2.10 | -0.50 | 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 ($$) | 0.3400 | 0.3600
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发表于 4-11-2020 05:54 AM
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Type | Announcement | Subject | OTHERS | Description | DEVIATION BETWEEN UNAUDITED RESULTS AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 | 1. INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") has on 28 February 2020 submitted its Unaudited 4th Quarter Results for the Financial Year Ended 31 December 2019 (“4Q2019 Results”) to Bursa Malaysia Securities Berhad (“Bursa Securities”).
The Company had on 3 July 2020 submitted its Audited Financial Statements for the Financial Year Ended 31 December 2019 (“AFS 2019”) to Bursa Securities.
2. DEVIATION BETWEEN UNAUDITED RESULTS AND THE AUDITED FINANCIAL RESULTS (a) In compliance with Paragraph 9.19 (35) of the Main Market Listing Requirements of Bursa Securities, the Board of ALAM wishes to inform that that there is a deviation of about 10.65% between the Group’s Profit/(Loss) after Tax and Minority Interest (“PATAMI”) as stated in the 4Q2019 Results announced on 28 February 2020 and the AFS 2019.
(b) The deviation is explained as follows:-
| AFS 2019 (RM’000) | 4Q2019 Results (RM’000) | Variance (RM’000) | PATAMI for the year | (79,479,150) | (71,83,526) | (7,647,624) |
(c) The major causes of the variances between the 4Q2019 Results and the AFS 2019 are reconciled as follows:- No. | Items | RM | (i) | Reversal of share of result of joint venture company i.e. Alam Radiance (L) Inc due to limitation of share of loss | 13,236,297 | (ii) | Additional impairment of vessels | (10,719,641) | (iii) | Additional impairment of investment in joint venture company | (3,954,207) | (iv) | Adjustment on unrealised loss on foreign exchange | (7,638,783) | (v) | Prepayment recognised as Cost of Sales | (3,390,385) | (vi) | Loss on disposal of Setia Jaguh over recognised | 2,535,843 | (vii) | Interest income recognised | 1,012,536 | (viii) | Tax credit recognised | 867,606 | (ix) | Reversal of over depreciation | 403,111 |
| Total | (7,647,624) |
(d) The debilitating impact of COVID-19, worsened by sudden plummet in crude oil prices has affected the entire oil and gas industry value chain. This impact has resulted in the Company to recognise additional impairment on vessels and investment in joint venture companies and to further make the necessary reversal of share of result of joint venture company i.e. Alam Radiance (L) Inc (“ARLI”) due to limitation of share of loss of ARLI at the Group level, as reconciled under item b(i) to b(iii) above.
(e) As per the announcement made to Bursa Malaysia on 16 December 2019, the Company had received a written consent from Messrs. Al Jafree Salihin Kuzaimi PLT (“Salihin”) to act as Auditors of the Company for the financial year ended 31 December 2019 pursuant to Section 264(5)(a)(b) of the Companies Act 2016, subsequent to the resignation of Messrs Afrizan Tarmili Khairul Azhar (“AFTAAS”) as Auditors of the Company as per the announcement made on 28 November 2019. The change in auditors that was made at the end of the year 2019, had caused considerable time constraint for the Company and the new auditors to complete the year-end audit exercise. This has resulted in the necessary adjustments in the 4Q2019 Results as reconciled under item b(iv) to b(ix) above.
The announcement is dated 16 July 2020.
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发表于 7-11-2020 10:34 AM
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本帖最后由 icy97 于 9-11-2020 09:52 AM 编辑
Type | Announcement | Subject | OTHERS | Description | AWARD OF RELEASE ORDER | 1. INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has been awarded with the Release Order for FPSO Bertam Underwater Inspection in Lieu of Drydocking (UWILD) under the Provision of Pan Malaysia Underwater Services, Petroleum Arrangement Contractors for IPC Malaysia B.V. (“Contract”).
2. THE CONTRACT The Contract which is valued at approximately RM9,934,000.00 has been commenced on 3 July 2020 and is expected to be completed on 4 August 2020.
3. FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2020. Notwithstanding this, the Contract will not have any material effect on the share capital and shareholding structure of ALAM.
4. RISKS ASSOCIATED WITH THE CONTRACT The risk factors associated with the Contract include execution and operational risks such as skilled manpower, unexpected mechanical breakdown, weather and changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake the Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract.
6. DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company.
The announcement is dated 23 July 2020.
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发表于 29-11-2020 09:06 AM
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Type | Announcement | Subject | OTHERS | Description | PROVISION OF SUBSEA INSPECTION, MAINTENANCE AND REPAIR SERVICES FOR PM3-CAA | 1. INTRODUCTION
The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd. has been awarded with the respective Letter of Award under the Provision of Subsea Inspection, Maintenance and Repair Services for PM3-CAA (“the Contract”) from Repsol Oil & Gas Malaysia Limited.
2. SALIENT TERMS OF THE CONTRACT The salient terms of the respective Contrct which will be on call basis are as follows:- Contract Value | As per work order request by Repsol Oil & Gas Malaysia Limited | Contract Duration | Five (5) years | Contract Effective Date | 30 June 2020 | 1st Vessel Mobilisation for year 2020 | Mid-August 2020 |
3. FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2020 and thereafter within the duration of the Contract. Notwithstanding this, the Contract is not expected to have any material effects on the share capital and shareholding structure of the Company.
4. RISKS ASSOCIATED WITH THE CONTRACT The risks factors associated with the Contract include execution and operational risks contributed by human or technical inefficiency, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, as well as uncertainties in supply and price of materials, economic, regulatory and political conditions. Throughout the years, ALAM has established its track record and expertise to undertake this Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above mentioned Contract.
6. DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the above mentioned Contract is in the best interest of the Company.
The announcement is dated 4 August 2020.
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发表于 1-12-2020 08:59 AM
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Type | Announcement | Subject | OTHERS | Description | PROVISION OF UNDERWATER SERVICES FOR VESTIGO PETROLEUM SDN BHD | 1. INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has been awarded with the respective Letter of Award under the Provision of Underwater Services from Vestigo Petroleum Sdn. Bhd. (“Contract”).
2. SALIENT TERMS OF THE CONTRACT The Contract which will be on call basis was effective from 7 July 2020 and shall be valid until 28 August 2023 unless otherwise terminated pursuant to the terms of the Contract.
3. FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 31 December 2020 and thereafter within the duration of the Contract. Notwithstanding this, the Contract is not expected to have any material effects on the share capital and shareholding structure of the Company.
4. RISKS ASSOCIATED WITH THE CONTRACT The risks factors associated with the Contract include execution and operational risks contributed by human or technical inefficiency, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, as well as uncertainties in supply and price of materials, economic, regulatory and political conditions. Throughout the years, ALAM has established its track record and expertise to undertake this Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract.
6. DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company.
The announcement is dated 6 August 2020. |
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