【KINSTEL 5060 交流专区】锦记钢铁

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	42,053	59,483	133,848	184,727
2	Profit/(loss) before tax	-26,239	-15,585	-93,106	-41,807
3	Profit/(loss) for the period	-25,903	-15,179	-91,906	-40,755
4	Profit/(loss) attributable to ordinary equity holders of the parent	-20,558	-11,587	-76,503	-31,317
5	Basic earnings/(loss) per share (Subunit)	-1.97	-1.11	-7.34	-3.01
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 ($$)	-0.0810		-0.0730

icy97

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	34,285	44,720	168,133	225,265
2	Profit/(loss) before tax	-23,593	-295,274	-116,699	-345,243
3	Profit/(loss) for the period	-23,258	-294,964	-115,164	-342,467
4	Profit/(loss) attributable to ordinary equity holders of the parent	-18,178	-287,433	-94,681	-323,858
5	Basic earnings/(loss) per share (Subunit)	-1.75	-27.60	-9.09	-31.09
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 ($$)	-0.1033		0.0073

icy97

Type	Announcement
Subject	OTHERS
Description	KINSTEEL BHD (IN LIQUIDATION)("KINSTEEL" OR "THE COMPANY")DELAY IN RELEASE OF ANNUAL REPORT THAT INCLUDES ANNUAL AUDITED FINANCIAL STATEMENTS TOGETHER WITH THE AUDITORS AND DIRECTORS REPORTS IN RESPECT OF THE FINANCIAL YEAR ENDED 30 JUNE 2018 ("ANNUAL REPORT 2018") PURSUANT TO PARAGRAPH 9.23(1) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("MMLR")
We refer to the announcements made by the Company on 21 February 2018 and 30 March 2018. The Company wishes to announce that it is unable to issue the Annual Report 2018 which is due by 31 October 2018 (“Relevant Timeframe”) to Bursa Malaysia Securities Berhad (“Bursa Securities”) as required under paragraph 9.23(1) of the MMLR. Pursuant to Paragraph 9.28(3) of the MMLR of Bursa Securities, the Board of Directors of Kinsteel wishes to announce the following: (a) The reason for failing to issue the Annual Report 2018 within the Relevant Timeframe to Bursa Securities was due to the delay and issues faced in the appointment of auditors. After the resignation of the Company’s auditors, Messrs Baker Tilly Monteiro Heng (AF0117) (“Baker Tilly”) on 30 March 2018, the Board had agreed to re-appoint Baker Tilly as auditors of the Company. However, as the Board’s powers in the Company had ceased upon the appointment of the Liquidator, Baker Tilly could not be formally appointed, which caused the delay in the commencement of audit on the Company for the financial year ended 30 June 2018. In this respect, the Board of Directors of the Company has decided to consult and seek the guidance from the Court on their power to appoint the auditors and sign the annual audited financial statement for the financial year ended 30 June 2018. (b) The suspension of trading will be effected on the next market day after the expiry of 5 market days from the Relevant Timeframe. However, given that the trading in the securities of Kinsteel had been suspended since 5 January 2018 due to the Company’s failure to submit its regularisation plan to the Securities Commission Malaysia or Bursa Securities, the trading of Kinsteel’s securities will remain suspended. (c) Upon receiving guidance from the Court, the Company will make an immediate announcement pertaining to the issuance of the Annual Report 2018. This announcement is dated 26 October 2018

icy97

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	34,273	42,936	34,273	42,936
2	Profit/(loss) before tax	-23,634	-35,439	-23,634	-35,439
3	Profit/(loss) for the period	-23,634	-34,967	-23,634	-34,967
4	Profit/(loss) attributable to ordinary equity holders of the parent	-19,448	-29,098	-19,448	-29,098
5	Basic earnings/(loss) per share (Subunit)	-1.87	-2.79	-1.87	-2.79
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 ($$)	-0.4926		-0.4699

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	31,293	48,859	65,566	91,795
2	Profit/(loss) before tax	-22,997	-31,428	-46,631	-66,867
3	Profit/(loss) for the period	-22,997	-31,036	-46,631	-66,003
4	Profit/(loss) attributable to ordinary equity holders of the parent	-19,128	-26,847	-38,576	-55,945
5	Basic earnings/(loss) per share (Subunit)	-1.84	-2.58	-3.70	-5.37
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 ($$)	-0.5148		-0.4701

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KINSTEEL BHD ("KINSTEEL" OR "THE COMPANY") (IN LIQUIDATION) - PROPOSED DISPOSAL OF ASSETS BY THE COMPANY AND HARVARD VISION SDN BHD ("HVSB"), A WHOLLY-OWNED SUBSIDIARY OF KINSTEEL FOR A TOTAL CASH CONSIDERATION OF RM50,785,609.70 ("PROPOSED DISPOSAL")
The Company wishes to announce that as part of the liquidation of the Company, the Company has on 3 August 2018 conducted an expression of interest exercise to sell its assets in which advertisements were placed in several newspapers circulating in Malaysia, inviting offers from members of the public.  Accordingly, the Company had on 22 April 2019 entered into Sale and Purchase Agreements (“SPAs”) with Top Gloss Sdn Bhd (“TGSB”), API Terengganu Sdn Bhd (“ATSB”) and KW Steel & Minerals Sdn Bhd (“KWSMSB”), for the proposed disposal of the following assets: (1)        six (6) parcels of leasehold industrial land together with buildings erected thereon held under six (6) separate Issue Document of Title i.e. HSD 9690 PT 4540, PN6992 Lot No. 8924, HSD 7829 PT 3644, HSD 18129 PT 7528, PN6979 Lot No. 8927 and PN7020 Lot No. 8926 all in Mukim Sungai Karang, District of Kuantan, State of Pahang Darul Makmur for RM17,833,718.70; and (collectively referred to as the “KB Land & Buildings”) (2)        plant and machinery for RM12.1 million (“Plant & Machinery”). The Company and Harvard Vision Sdn Bhd (“HVSB”), a wholly-owned subsidiary of Kinsteel, had also on entered into a Sale and Purchase Agreement with TGSB for HVSB’s proposed disposal of a parcel of leasehold industrial land together with buildings erected thereon held under a separate Issue Document of Title i.e. PN 7778 Lot 8916, Mukim Sungai Karang, District of Kuantan, State of Pahang Darul Makmur for RM20,851,891 to TGSB (“HVSB Land”). The total cash consideration for the proposed disposal of KB Land & Buildings, Plant & Machinery and HVSB Land (collectively referred to as the “Assets”) is RM50,785,609.70 (“Disposal Consideration”). Please refer to the attachment for details of the annoucement. This announcement is dated 22 April 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6133881

Attachments Announcement - Disposal of Assets (20190422).pdf

icy97

BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS KINSTEEL BERHAD [IN LIQUIDATION] AND ITS DIRECTORS AND FINES 4 DIRECTORS

KINSTEEL BHD

Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded Kinsteel Berhad (In Liquidation) (KINSTEL) and 5 of its directors for breach of Bursa Malaysia Securities’ Main Market Listing Requirements (Main LR). In addition, 4 directors of KINSTEL were also imposed total fines of RM44,800.

KINSTEL had breached paragraph 9.23(1) of the Main LR for failing to issue the  annual report that included the annual audited financial statements together with the auditors’ and directors’ reports for the financial year ended (FYE) 30 June 2017 (AR 2017) on or before 31 October 2017.  The AR 2017 was only issued on 15 December 2017.

5 directors of KINSTEL at the material time had breached paragraph 16.13(b) of the Main LR where they had permitted KINSTEL to commit the above breach of paragraph 9.23(1) of the Main LR and the following penalties were imposed on them:-

[td]

No.	Directors	Penalty
1.	Tan Sri Dato’ Sri Pheng Yin Huah Chairman/Managing Director	Public Reprimand & Fine of RM16,000
2.	Dato’ Henry Pheng Chin Guan Chief Executive Officer/Executive Director	Public Reprimand & Fine of RM16,000
3.	Dato’ Lew Choon Executive Director	Public Reprimand & Fine of RM6,400
4.	Pheng Chin Huat Non-Independent Non-Executive Director	Public Reprimand & Fine of RM6,400
5.	Chong Hoi Sheong @ Chong Hoi Cheong Independent Non-Executive Director Audit Committee member (Retired on 15 January 2018)	Public Reprimand

The finding of breach and imposition of the above penalties on KINSTEL and its directors were made pursuant to paragraph 16.19 of the Main LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including the materiality/impact of the breach to KINSTEL and shareholders/investors, the role, responsibilities, knowledge and conduct of the directors and mitigating factors.

Bursa Malaysia Securities views the contravention seriously as the timely and accurate submission of financial statements is one of the fundamental obligations of listed companies and is of paramount importance in ensuring a fair and orderly market for securities traded on Bursa Malaysia Securities and necessary to aid informed investment decisions.

BACKGROUND

The delay in issuance of the AR 2017 was essentially due to the failure of KINSTEL to settle the outstanding audit fees to the external auditors. This led to the delay in commencement of the audit only on 2 October 2017 instead of August 2017 as initially scheduled.  Further, KINSTEL had failed to resolve the outstanding audit findings/areas regarding the AR 2017 with the external auditors expeditiously.

Despite the numerous notices/reminders from the external auditors:-

• Tan Sri Dato’ Sri Pheng Yin Huah and Dato’ Henry Pheng Chin Guan who were the executive directors having the primary responsibility for the management of KINSTEL’s operations and/or financial management had failed to demonstrate reasonable and expeditious efforts taken to pay the outstanding audit fees and resolve the audit issues with the external auditors to enable timely issuance of the AR 2017; and
• Dato’ Lew Choon, Pheng Chin Huat and Chong Hoi Sheong @ Chong Hoi Cheong had merely relied on the management and failed to take reasonable efforts to undertake due enquiry, follow up, monitor, supervise and address/ensure the timely payment of the outstanding audit fees and resolution of the audit issues with the external auditors to enable timely issuance of the AR 2017.
• 
  
  

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	31,964	42,053	97,530	133,848
2	Profit/(loss) before tax	-21,749	-26,239	-68,380	-93,106
3	Profit/(loss) for the period	-21,749	-25,903	-68,380	-91,906
4	Profit/(loss) attributable to ordinary equity holders of the parent	-18,321	-20,558	-56,897	-76,503
5	Basic earnings/(loss) per share (Subunit)	-1.76	-1.97	-5.46	-7.34
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 ($$)	-0.5357		-0.4701

icy97

KINSTEEL BHD

Date of change	31 Jul 2019
Name	DATO PHENG CHIN GUAN
Age	47
Gender	Male
Nationality	Malaysia
Designation	Chief Executive Officer
Directorate	Executive
Type of change	Resignation
Reason	Pursuant to Paragraph 15.05(3)(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

Working experience and occupation	N/A
Family relationship with any director and/or major shareholder of the listed issuer	Dato' Pheng Chin Guan is the son of Tan Sri Dato' Sri Pheng Yin Huah, who is the Managing Director and a major shareholder of the Company. He is the brother of Mr Pheng Chin Huat.
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	Direct interest - 2,500 ordinary shares (0.0002%)Indirect interest - 220,000 ordinary shares (0.02%)Deemed interest by virtue of his spouse's shareholding in Kinsteel Bhd (In Liquidation).

icy97

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	24,639	34,285	122,169	168,133
2	Profit/(loss) before tax	-148,144	-264,942	-216,524	-358,048
3	Profit/(loss) for the period	-148,144	-265,951	-216,524	-357,857
4	Profit/(loss) attributable to ordinary equity holders of the parent	-125,185	-127,080	-182,082	-203,583
5	Basic earnings/(loss) per share (Subunit)	-12.02	-20.55	-17.48	-19.55
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 ($$)	-0.6388		-0.3363

icy97

icy97 发表于 21-5-2019 02:25 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6133881

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KINSTEEL BHD ("KINSTEEL" OR "THE COMPANY") ("IN LIQUIDATION") - PROPOSED DISPOSAL OF ASSETS BY THE COMPANY AND HARVARD VISION SDN BHD ("HVSB"), A WHOLLY-OWNED SUBSIDIARY OF KINSTEEL FOR A TOTAL CASH CONSIDERATION OF RM50,785,609.70 ("PROPOSED DISPOSAL")
We refer to the Company’s announcement dated 22 April 2019 in relation to the above subject matter ("Announcement"). Unless otherwise stated, the definitions used throughout this announcement shall have the same meanings as defined in the Announcement. The Company wishes to announce that the Sale and Purchase Agreement ("SPA") entered into between the Company and KW Steel & Minerals Sdn. Bhd. (“KWSMSB”) is terminated today due to default in payment of the balance of the purchase consideration by KWSMSB in accordance to the terms and conditions of the SPA.   The above termination will result in forfeiture of RM1.0 million deposit paid by KWSMSB. The proceeds from this forfeiture will be used as partial settlement of its secured creditors. The Company shall announce further development on the above matter in due course. This announcement is dated 6 September 2019.

icy97

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN
Description	KINSTEEL BHD (KINSTEEL OR COMPANY)PROPOSED REGULARISATION SCHEME OF KINSTEEL AND ITS SUBSIDIARIES (KINSTEEL GROUP OR GROUP)
On behalf of the Board, M&A Securities Sdn Bhd wishes to announce the proposed regularisation of Kinsteel Group comprising the following inter-conditional components: (a) Proposed reduction of Kinsteel’s issued share capital pursuant to Section 116 of the Companies Act, 2016 and consolidation of the ordinary shares in Kinsteel (“Kinsteel Shares” or “Shares”) (“Proposed Capital Reconstruction”); (b) Proposed fundraising to raise up to RM46.6 million via a special issue of new Kinsteel Shares with free warrants to selected placee(s) and rights issue of new Kinsteel Shares with free warrants to existing shareholders of Kinsteel (“Proposed Fundraising”); (c) Proposed disposal by Perfect Channel Sdn Bhd (“PCSB”) of 5 parcels of industrial land with buildings erected thereon and the beam section mill plant, equipment and machineries erected on a parcel of the said industrial land to SDM Specialty Chemicals Sdn Bhd and Konsortia Etiqa Sdn Bhd for a total cash consideration of RM140.0 million (“Proposed PCSB Assets Disposal”); (d) Proposed settlement of inter-company debt owing by PCSB to Kinsteel amounting to RM159.7 million as at 30 June 2019 (“Proposed Intercompany Debt Settlement”); (e) Proposed scheme of arrangement and compromise with the creditors of Kinsteel involving total liabilities of RM1,680.8 million as at the cut-off date of 30 June 2017 (“Proposed SOA”), and (f) Proposed amendments to the Constitution of Kinsteel to facilitate the issuance of redeemable convertible preference shares in Kinsteel under the Proposed SOA (“Proposed Amendments”), (collectively “Proposed Regularisation Scheme”). Kindly refer to the attachment for further details on the Proposed Regularisation Scheme. This announcement is dated 24 September 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6290345

Attachments 240919 - Kinsteel Requisite Announcement.pdf

icy97

KINSTEEL BHD

Date of change	27 Nov 2019
Name	MR PHENG CHIN HUAT
Age	46
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non-Independent Director
New Position	Executive Director
Directorate	Executive

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	20,767	34,273	20,767	34,273
2	Profit/(loss) before tax	-25,168	-23,634	-25,168	-23,634
3	Profit/(loss) for the period	-25,168	-23,634	-25,168	-23,634
4	Profit/(loss) attributable to ordinary equity holders of the parent	-20,768	-19,448	-20,768	-19,448
5	Basic earnings/(loss) per share (Subunit)	-1.99	-1.87	-1.99	-1.87
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 ($$)	-0.6600		-0.6400

icy97

Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN DISCLAIMER OF OPINION
Description	KINSTEEL BHD ("IN LIQUIDATION") ("KINSTEEL" OR "COMPANY")DISCLAIMER OPINION IN THE EXTERNAL AUDITORS' REPORT ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEARS ENDED 30 JUNE 2018 AND 30 JUNE 2019
Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"), Kinsteel Bhd ("In Liquidation") ("Kinsteel" or "the Company") hereby announce that Messrs Baker Tilly Monteiro Heng PLT, the Company's External Auditors, had expressed a disclaimer of opinion in their Independent Auditors’ Report ("Auditors' Report") in the Company's Audited Financial Statements for the financial years ended 30 June 2018 and 30 June 2019. (a) Key audit matter disclosed in the independent auditors’ report      - A copy of the Auditors’ Report are attached herewith. (b) Steps taken or proposed to be taken to address those key audit matters that relate to the modified opinion or material uncertainty related to going concern; and (c) The timeline for the steps referred to in sub-paragraph (b) above. On 26 December 2019, the Company had submitted an application for extension of time up to 30 April 2020 to submit its regularisation plan to Bursa Malaysia Securities Berhad (“Bursa Securities”) and is currently pending for the approval by Bursa Securities. This announcement is dated 30 January 2020. Please refer attachments below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3019918

Attachments Auditors Report FY2018.pdf Auditors Report FY2019.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	KINSTEEL BHD (IN LIQUIDATION) ("KINSTEEL" OR "THE COMPANY")- DEVIATION OF 10% OR MORE BETWEEN THE ANNOUNCED UNAUDITED FINANCIAL STATEMENTS AND THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEARS ENDED 30 JUNE 2018 AND 30 JUNE 2019
Pursuant to Paragraph 9.19(35) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that there was a deviation of more than 10% between the audited financial statements for the financial years ended 30 June 2018 and 30 June 2019 and the unaudited financial statements for the financial years ended 30 June 2018 and 30 June 2019, previously announced on 30 August 2018 and 29 August 2019 respectively. Please refer to the attachments for the details. This announcement is dated 11 February 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3022497

Attachments Attachment 2019.pdf Attachment 2018.pdf

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	15,387	31,293	36,154	65,566
2	Profit/(loss) before tax	-3,154	-22,997	-28,322	-46,631
3	Profit/(loss) for the period	-3,049	-22,997	-28,217	-46,631
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,983	-19,128	-23,752	-38,576
5	Basic earnings/(loss) per share (Subunit)	-0.29	-1.84	-2.28	-3.70
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 ($$)	-0.7200		-0.6900

icy97

Type	Announcement
Subject	OTHERS
Description	KINSTEEL BHD (IN LIQUIDATION) ("KINSTEEL" OR "THE COMPANY") LETTER OF INTENT FOR THE PROPOSED JOINT VENTURE ("JV") AND PROPOSED SUBSCRIPTION  OF ORDINARY SHARES IN THE JV BY KIN KEE STEEL SERVICE CENTRE SDN BHD ("KKSSC"), A WHOLLY OWNED SUBSIDIARY OF KINSTEEL
The Company wishes to announce that its wholly-owned subsidiary, Kin Kee Steel Service Centre Sdn Bhd (“KKSSC”) had on 31st March 2020 entered into a Letter of Intent (“LOI”) with Tianjin Qiangbang Industrial Co., Ltd. (“QIANGBANG”) (collectively “Parties”) with the intention to enter into negotiation in relation to the proposed formation of a Joint Venture Company (“JVC”) and to respectively subscribe for its shares at the following proportions (“Proposed JVC”): (a) QIANGBANG 40% (b) KKSSC 45% (c) Local party of Malaysian origin to be subsequently identified 15% 100% Notwithstanding the above, the final shareholdings of JVC shall be agreed mutually taking into account the intangible assets and/or technical know-how to be contributed by QIANGBANG to JVC (“Proposed Subscription”). The Proposed JVC and Proposed Subscription are hereinafter collectively referred to as “Proposed Transactions”. Pursuant to the Proposed Transactions, KKSSC is expected to hold 45% of the shareholding in the JVC. Please refer to the attachment for further details. This announcement is dated 2 April 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3041182

Attachments Kinsteel Bhd (In Liquidation) - Announcement on Letter of Intent - 2.4.2020.pdf

icy97

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	14,856	31,964	51,010	97,530
2	Profit/(loss) before tax	-6,416	-21,749	-34,738	-68,380
3	Profit/(loss) for the period	-6,364	-21,749	-34,581	-68,380
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,351	-18,321	-27,102	-56,897
5	Basic earnings/(loss) per share (Subunit)	-0.32	-1.76	-2.60	-5.46
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 ($$)	-0.7200		-0.6900

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KINSTEEL BHD (IN LIQUIDATION) ("KINSTEEL" OR "THE COMPANY")PROPOSED DISPOSAL OF ASSET BY THE COMPANY FOR A TOTAL CASH CONSIDERATION OF RM5,500,000 ("PROPOSED DISPOSAL")
The Company (“Vendor”) wishes to announce that as part of the liquidation of the Company, the Company had on 7 October 2019 conducted an expression of interest exercise to sell its assets. Accordingly, the Company had on 30 July 2020 entered into Sale and Purchase Agreement (“SPA”) with MMP Resources Sdn Bhd (“Purchaser”/ “MMP”), for the proposed disposal of a plant and machinery located on  Gebeng Jaya Sdn Bhd’s Land (“Plant & Machinery”) for RM5,500,000. Please refer to the attachment for further details. This announcement is dated 30 July 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3073665

Attachments Announcement - Proposed Sale and Purchase Agreement.pdf