【COASTAL 5071 交流专区】沿海工程

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沿海工程追讨385万美元定金
Sangeetha Amarthalingam/theedgemarkets.com
December 18, 2017 20:38 pm +08

（吉隆坡18日讯）沿海工程（Coastal Contracts Bhd）因终止了解备忘录（MOU）后，仍无法追回剩余的385万美元定金，而于本月15日向两名卖家及担保人发出仲裁申请书。

沿海工程向大马交易所报备，自从签署了解备忘录后，公司支付了600万美元可退还定金予卖家，包括个人及公司。

沿海工程说：“这份了解备忘录在2016年10月28日终止。因此，卖方有义务退还全部定金予沿海工程。”

公司指出，上述活动共有两名担保人，他们是担保卖方退还定金给公司。

截至目前，相关单位仍无法把尚拖欠的385万美元定金（不包括利息与成本）退还给沿海工程。

沿海工程正在追讨剩余的定金，包括利息与成本，并已雇用外部律师顾问代表和协助仲裁程序。

“除了沿海工程索赔的数额之外，预计这个程序不会对集团产生任何其他潜在的财务和业务影响。”

基于仲裁程序的规则，包括保密规定，沿海工程在现阶段无法透露更多资讯。

沿海工程将在适当时机宣布仲裁的进展。


（编译：魏素雯）

Type	Announcement
Subject	MATERIAL LITIGATION
Description	Coastal Contracts Bhd ("Coastal) - Arbitration Proceedings
1. INTRODUCTION Coastal wishes to announce that it has commenced arbitration on 15 December 2017 by way of filing an Arbitration Petition against an individual and a company (collectively, the “Sellers”), a company (the “Company”) and two (2) individuals (collectively, the “Guarantors” and, collectively with the Sellers and the Company, the “Respondents”), for breach of a Memorandum of Understanding (the “MOU”) signed between Coastal, the Sellers and the Company, and breach of two (2) Deeds of Personal Guarantee (the “Guarantees”) executed by the Guarantors in favour of Coastal. 2. BACKGROUND Pursuant to the MOU, Coastal lodged a refundable deposit in an amount of United States Dollars Six Million (USD6,000,000.00) (the “Deposit”) with the Sellers and/or the Company on 9 August 2016. The MOU was terminated on 28 October 2016 and following such termination, the Sellers and/or the Company were obliged to refund to Coastal the Deposit in full. Pursuant to the Guarantees, the Guarantors were to guarantee the refund by the Sellers and/or the Company of the Deposit, and/or undertook to refund to Coastal the Deposit. However to-date, the Respondents have failed to fully refund Coastal the Deposit and there is still an outstanding of United States Dollars Three Million Eight Hundred Forty-six Thousand Eight Hundred and Thirty-seven (USD3,846,837.00) due and owing to Coastal, excluding interest and costs. Given the Respondents’ failure to refund the Deposit to Coastal in full to-date and non-compliance of the MOU and Guarantees terms, Coastal has commenced arbitration proceedings to claim the Deposit in full, plus interest and costs. 3. FINANCIAL AND OPERATIONAL IMPACT Apart from the amounts claimed by Coastal, the arbitration proceedings are not expected to have any other potential financial impact on Coastal, its Subsidiary(ies) and/or Coastal’s Group of Companies. The arbitration proceedings are not expected to have any operational impact on Coastal, its Subsidiary(ies) and/or Coastal’s Group of Companies. 4. STEPS TAKEN Coastal has engaged external legal counsel to represent and assist it in the arbitration proceedings. Coastal will announce any further developments on the arbitration proceedings at the appropriate time. The information provided herein above is in line with the requirements of the relevant and applicable Main Market Listing Requirements of Bursa Malaysia. As the rules applicable to the arbitration proceedings include provisions for the confidentiality of the arbitration proceedings, Coastal is unable to disclose any further information with regard to the arbitration proceedings at this stage. This announcement is dated 18 December 2017.

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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	44,297	58,399	92,370	134,559
2	Profit/(loss) before tax	4,267	9,142	11,819	17,745
3	Profit/(loss) for the period	-463	4,919	2,822	8,027
4	Profit/(loss) attributable to ordinary equity holders of the parent	-494	4,919	2,780	8,027
5	Basic earnings/(loss) per share (Subunit)	-0.09	0.93	0.53	1.51
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	1.00	1.00
		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 ($$)	3.3077		3.4436

icy97

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	33,094	64,741	125,464	199,300
2	Profit/(loss) before tax	-6,393	31,452	5,426	49,197
3	Profit/(loss) for the period	-9,750	26,834	-6,928	34,861
4	Profit/(loss) attributable to ordinary equity holders of the parent	-9,757	26,834	-6,977	34,861
5	Basic earnings/(loss) per share (Subunit)	-1.85	5.08	-1.32	6.58
6	Proposed/Declared dividend per share (Subunit)	0.00	1.00	1.00	2.00
		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 ($$)	3.1960		3.4436

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

COASTAL CONTRACTS BHD

Particulars of Substantial Securities Holder

Name	SAMARANG UCITS - SAMARANG ASIAN PROSPERITY
Address	11a Avenue Monterey L-2163 Luxembourg.
Company No.	20154501410
Nationality/Country of incorporation	Luxembourg
Descriptions (Class)	Ordinary Shares
Name & address of registered holder	KBL Euro PB - Samarang UCITS - Samarang Asian Prosperity

Date interest acquired & no of securities acquired
Date interest acquired	01 Jun 2018
No of securities	26,445,000
Circumstances by reason of which Securities Holder has interest	Long Term Investment
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	26,445,000
Direct (%)	5.014
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	01 Jun 2018
Date notice received by Listed Issuer	04 Jun 2018

Weida

业绩一面倒！

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Type	Announcement
Subject	OTHERS
Description	Incorporation of a Foreign Subsidiary Company, Coastal Dynamic Pte Ltd
The Board of Directors of COASTAL wishes to announce that the Company has on 18 September 2018 incorporated a wholly-owned subsidiary in Singapore known as Coastal Dynamic Pte Ltd (“CD”). The issued and paid up capital of CD is SGD1,000.00. CD is a company limited by shares and is registered under the Companies Act (CAP.50), Singapore. The principal activity of CD is the provision of offshore support vessel chartering services. The investment in CD is financed through internally generated funds. The investment in CD is not expected to have any material effect on the earnings per share and net assets per share of COASTAL for the financial year ending 30 June 2019. None of the Directors and/or substantial shareholders of COASTAL and/or persons connected with them has any interest, direct or indirect, in the investment in CD. This announcement is dated 18 September 2018.

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Type	Announcement
Subject	OTHERS
Description	Coastal Contracts Bhd ("Company") - Award of Charter Contracts
1. Introduction The Board of Directors of the Company is pleased to announce that its wholly-owned subsidiaries, Coastal Transport (Sandakan) Sdn Bhd and Coastal International Marine Inc. have recently been awarded with charter contracts (“Contracts”) for two (2) units of offshore support vessels. 2. Details The Contracts consist of a short term contract and a long term contract with a firm period of up to three (3) years. The long term contract has an extension option of up to a maximum of two (2) years. 3. Financial Effects The Contracts are expected to contribute positively to the earnings and net assets of the Company for the financial year ending 30 June 2019 and the financial periods thereafter during the Contracts period. 4. Risk Associated with the Contracts The risks associated with the Contracts are mainly the normal operational and execution risks for an oil and gas company. Notwithstanding this, the Company has put in place adequate risk management procedures and processes in mitigating these risks. 5. Directors and Substantial Shareholders interest None of the Directors and/or substantial shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Contracts. 6. Statement by Directors The Board of Directors of the Company is of the opinion that the acceptance of the Contracts is in the best interest of the Company. This announcement is dated 2 November 2018.

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Type	Announcement
Subject	MATERIAL LITIGATION
Description	Coastal Contracts Bhd ("Coastal") - Arbitration Proceedings
Reference is made to the previous announcement dated 18 December 2017 pertaining to commencement of arbitration by Coastal on 15 December 2017 to claim Deposit in full in the sum of United States Dollars Three Million Eight Hundred Forty Six Thousand Eight Hundred and Thirty Seven (USD3,846,837.00) due and owing to Coastal, plus interest and costs. Coastal wishes to announce that the Tribunal, vide the Final Award declared that the Respondents are proven of committing a breach of the MOU and requested to pay Coastal the sum of USD4,349,759.10, which consist of the amount of the Outstanding Deposit USD3,846,837.00 and the interest in the amount of USD 502,922.10. In the meantime, proceedings to implement and thereafter to enforce the Arbitral Award issued in favour of Coastal remain ongoing. The impact of the Arbitral Award to Coastal is not expected to have a material effect on its earnings and net assets for the financial year ending 30 June 2019. This announcement is dated 30 October 2018

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2018	30 Sep 2017	30 Sep 2018	30 Sep 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	37,126	48,073	37,126	48,073
2	Profit/(loss) before tax	21,126	7,552	21,126	7,552
3	Profit/(loss) for the period	17,096	3,285	17,096	3,285
4	Profit/(loss) attributable to ordinary equity holders of the parent	17,101	3,274	17,101	3,274
5	Basic earnings/(loss) per share (Subunit)	3.24	0.62	3.24	0.62
6	Proposed/Declared dividend per share (Subunit)	0.00	1.00	0.00	1.00
		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 ($$)	2.2570		2.2044

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2018	31 Dec 2017	31 Dec 2018	31 Dec 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	37,726	44,297	74,852	92,370
2	Profit/(loss) before tax	13,803	4,267	34,929	11,819
3	Profit/(loss) for the period	9,831	-463	26,927	2,822
4	Profit/(loss) attributable to ordinary equity holders of the parent	9,831	-494	26,932	2,780
5	Basic earnings/(loss) per share (Subunit)	1.86	-0.09	5.11	0.53
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	1.00
		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 ($$)	2.2721		2.2044

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Type	Announcement
Subject	OTHERS
Description	Award of Charter Contracts
1. Introduction The Board of Directors of the Company is pleased to announce that its wholly-owned subsidiaries, Pleasant Engineering Sdn Bhd, Coastal Transport (Sandakan) Sdn Bhd and Coastal Offshore Venture Pte. Ltd. have recently been awarded with charter contracts (“Contracts”) for two (2) units of offshore support vessels and one (1) unit of other vessel. 2. Details The Contracts consist of two (2) short term contracts and a long term contract with a firm period of up to five (5) years. 3. Financial Effects The Contracts, in aggregate valued at approximately RM28 million, inclusive of extension periods are expected to contribute positively to the earnings and net assets of the Company for the financial year ending 30 June 2019 and the financial periods thereafter during the Contracts period. 4. Risk Associated with the Contracts The risks associated with the Contracts are mainly the normal operational and execution risks for an oil and gas company. Notwithstanding this, the Company has put in place adequate risk management procedures and processes in mitigating these risks. 5. Directors and Substantial Shareholders interest None of the Directors and/or substantial shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Contracts. 6. Statement by Directors The Board of Directors of the Company is of the opinion that the acceptance of the Contracts is in the best interest of the Company. This announcement is dated 1 April 2019.

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Type	Announcement
Subject	OTHERS
Description	Coastal Contracts Bhd ("COASTAL" or "the Company") - Incorporation of a Foreign Subsidiary Company, Coastoil Dynamic S.A. de C.V.
The Board of Directors of COASTAL wishes to announce that the Company has incorporated a subsidiary in Mexico known as Coastoil Dynamic S.A. de C.V. (“CD”). The issued and paid up capital of CD is Pesos $50,000.00. COASTAL and its wholly owned subsidiary, Coastal Marine Pte Ltd (“CTM”) have 50% shares each in CD. Both COASTAL and CTM have each contributed Pesos $25,000.00. CD is a company limited by shares and is registered under the General Corporation Law, Mexico. The principal activities of CD are leasing and subleasing of all kind of offshore assets related to the oil and gas industry and provision of drilling and engineering and other ancillary services to the oil and gas industry. The investment in CD is financed through internally generated funds. The investment in CD is not expected to have any material effect on the earnings per share and net assets per share of COASTAL for the financial year ending 30 June 2019. None of the Directors and/or substantial shareholders of COASTAL and/or persons connected with them has any interest, direct or indirect, in the investment in CD. This announcement is dated 18th April 2019.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	36,902	33,094	111,754	125,464
2	Profit/(loss) before tax	3,680	-6,393	38,609	5,426
3	Profit/(loss) for the period	58	-9,750	26,985	-6,928
4	Profit/(loss) attributable to ordinary equity holders of the parent	58	-9,757	26,990	-6,977
5	Basic earnings/(loss) per share (Subunit)	0.01	-1.85	5.12	-1.32
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	1.00
		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 ($$)	2.2588		2.2044

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Type	Announcement
Subject	OTHERS
Description	Coastal Contracts Bhd ("Coastal" or "Company") - Vessel Sales Worth Approximately RM17 Million
Coastal is pleased to announce that its wholly-owned subsidiary companies, Pleasant Engineering Sdn Bhd and Coastal International Marine Inc. have secured contracts for the sales of four (4) units low-end vessels for an aggregate value of approximately RM17 million. The revenue stream from the latest contracts is expected to contribute positively to the top and bottom line performance of the Group for the financial year ending 30 June 2020. None of the directors and/or substantial shareholders of the Company and persons connected with them have any interest, direct or indirect, in the above transactions. This announcement is dated 15 July 2019.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	44,574	33,888	156,328	158,675
2	Profit/(loss) before tax	-8,749	-563,139	29,860	-568,125
3	Profit/(loss) for the period	-12,440	-565,714	14,545	-583,054
4	Profit/(loss) attributable to ordinary equity holders of the parent	-12,440	-565,743	14,550	-583,105
5	Basic earnings/(loss) per share (Subunit)	-2.36	-107.27	2.76	-110.56
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	1.00
		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 ($$)	2.2304		2.2044

icy97

Type	Announcement
Subject	OTHERS
Description	Coastal Contracts Bhd ("Coastal" or "Company") - Incorporation of a Foreign Subsidiary Company, Coastal Supreme 1 Pte. Ltd.
The Board of Directors of COASTAL wishes to announce that the Company has on 5th day of November 2019 incorporated a wholly-owned subsidiary in Singapore known as Coastal Supreme 1 Pte. Ltd. (“CS1”). The issued and paid up capital of CS1 is SGD1,000.00. CS1 is a company limited by shares and is registered under the Companies Act (CAP.50), Singapore. The principal activity of CS1 is provision of offshore support vessel chartering services. The investment in CS1 is financed through internally generated funds. The incorporation of CS1 is not expected to have any material effect on the earnings per share and net assets per share of COASTAL for the financial year ending 30 June 2020. None of the Directors and/or substantial shareholders of COASTAL and/or persons connected with them has any interest, direct or indirect, in the investment in CS1. This announcement is dated 6th day of November 2019.

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Type	Announcement
Subject	OTHERS
Description	Award of Vessel Sale and Charter Contracts
1. Introduction The Board of Directors of the Company is pleased to announce that its wholly-owned subsidiaries, Coastal Marine Pte Ltd and Coastal International Marine Inc. have secured contracts for the sales of two (2) units of low-end vessels. Other than the vessel sales, Coastal Dynamic Pte. Ltd. and Coastal Marine Pte. Ltd. have also recently been awarded with charter contracts for two (2) units of offshore support vessels. 2. Details The contract period for the vessel charter contracts are less than one (1) year. 3. Financial Effects The Contracts, are expected to contribute positively to the earnings and net assets of the Company for the financial year ending 30 June 2020. 4. Risk Associated with the Contracts The risks associated with the Contracts are mainly the normal operational and execution risks for an oil and gas company. Notwithstanding this, the Company has put in place adequate risk management procedures and processes in mitigating these risks. 5. Directors and Substantial Shareholders interest None of the Directors and/or substantial shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Contracts. 6. Statement by Directors The Board of Directors of the Company is of the opinion that the acceptance of the Contracts is in the best interest of the Company. This announcement is dated 15 November 2019.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	61,227	37,126	61,227	37,126
2	Profit/(loss) before tax	27,345	21,126	27,345	21,126
3	Profit/(loss) for the period	23,649	17,096	23,649	17,096
4	Profit/(loss) attributable to ordinary equity holders of the parent	23,649	17,101	23,649	17,101
5	Basic earnings/(loss) per share (Subunit)	4.48	3.24	4.48	3.24
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 ($$)	2.2874		2.2302

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Type	Announcement
Subject	OTHERS
Description	Coastal Contracts Bhd (Coastal or Company) - Incorporation of a Foreign Subsidiary Company, Coastal C I Pte. Ltd.
The Board of Directors of COASTAL wishes to announce that the Company has on 17th December 2019 incorporated a wholly-owned subsidiary in Singapore known as Coastal C I Pte. Ltd. (“CCI”). CCI is a private company limited by shares and is incorporated under Section 19(4) of the Companies Act, Singapore. The issued and paid up capital of CCI is SGD1,000.00. The investment in CCI is financed through internally generated funds. The incorporation of CCI is not expected to have any material effect on the earnings per share and net assets per share of COASTAL for the financial year ending 30 June 2020. None of the Directors and/or substantial shareholders of COASTAL and/or persons connected with them has any interest, direct or indirect, in the investment in CCI. This announcement is dated 18th December 2019.

icy97

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	51,432	37,726	112,659	74,852
2	Profit/(loss) before tax	3,210	13,803	30,555	34,929
3	Profit/(loss) for the period	-1,613	9,831	22,036	26,927
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,613	9,831	22,036	26,932
5	Basic earnings/(loss) per share (Subunit)	-0.31	1.86	4.17	5.11
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 ($$)	2.2505		2.2302