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【NESTCON 0235 交流专区】

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发表于 11-10-2020 09:55 AM | 显示全部楼层 |阅读模式
本帖最后由 icy97 于 13-2-2022 09:50 AM 编辑

(吉隆坡9日讯)建筑商Nestcon有限公司计划上市马交所创业板,发售1亿6095万5400新股,发行价待定。

根据该公司提交证监会的草拟招股书,首次公开募股(IPO)规模达1亿6095万5400新股,同时股东还会献售3219万2000股,供私配给指定投资者。

新股当中,供公众认购的新股高达3219万2000股,会有3219万2000新股让合格董事、员工与对公司有贡献者申购。

同时,6437万9400新股将以私下配售方式,配给贸工部指定的土著投资者;其余3219万2000新股,则配给指定投资者。

此次上市所得将用作打造工业建筑系统(IBS)的设施、购买机械和设备、升级软件和系统、偿还贷款、营运资本和支付上市费用。

该公司主要业务是展开大楼、土木工程和基建项目的建筑工程。

Nestcon的2019财年营业额报4亿2279万令吉,按年飙涨94.2%;全年净赚1576万7000令吉,胜于2018财年同季的990万1000令吉。
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 楼主| 发表于 3-5-2021 07:09 PM | 显示全部楼层
(吉隆坡3日讯)建筑与基础设施服务商朝建集团(Nestcon)与合盈证券(M&A Securities)签订包销协议,展开首发股,拟发行1亿6100万新股,并计划于6月上市马股创业板。



根据文告,该集团所发行的新股占集团扩大股本后的25%,该公司也计划私下配售3220万股现有股。

合盈证券则将承包1亿6100万新股中的6440万股,其中3220万股将发售给公众,3220万股则供集团符合资格的职员与董事,以及对集团有贡献的人士认购。

另外,其中1610万股将私下配售予指定投资者,剩余8050万新股则将保留予贸工部认可的土著投资者认购。

加强品牌影响力



该集团董事经理拿督林启君在文告中指出,这次上市除了筹集资本资金,还能增强品牌影响力,以及未来进入资本市场的灵活性。

“我们计划利用筹资所得来建设工业化建筑系统(IBS)设施,从而加快项目交接时间,减少对外国劳工的依赖,并提高工作质量。”

此外,该公司也有意透过增设机器和设备,以进军大型土木工程和基础建设项目,如高速公路、交通基础设施、可再生能源项目等。

朝建集团在本地主要从事建筑与土木工程和基础建设工程,其专业知识涵括住宅、商业、工业和休闲物业的建设,以及土方工程、桥梁、道路和排水工程等。



列席者有朝建集团财务总监林友欣、合盈证券私人有限公司企业融资主管丁华代与企业融资董事经理拿督陈俊山票。
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发表于 23-5-2021 12:06 PM | 显示全部楼层
Nestcon还有多一个星期+就会公布IPO招股书了,6月尾上市.

更多详情请参考:

中文版:https://jaxxsblog.blogspot.com/2021/05/ipo-nestcon-berhad.html
英文版:https://jaxxsblog.blogspot.com/2021/05/ipo-nestcon-berhad.html

其他IPO的资料(应该也是6月7月上市的)
Pekat(太阳能) https://jaxxinvest.blogspot.com/ ... t-group-berhad.html
Ramssol(人力资源科技) https://jaxxsblog.blogspot.com/2 ... ol-group-bhd-2.html

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参与人数 1人气 +5 收起 理由
Tony-Pua + 5 谢谢分享

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 楼主| 发表于 8-6-2021 11:57 PM | 显示全部楼层
介招股书。
(吉隆坡8日讯)计划本月29日于马股创业板上市的建筑与基建服务公司朝建集团(Nestcon Berhad)放眼在首次公开售股(IPO)计划筹集4510万令吉,用于投入工业化建筑系统(IBS)及增添更多设备,以承接更多的项目。

该集团将以每股28仙发售1亿6100万新股,等于是公司扩大发行及股本的25%及献售3220万股。根据发股量和发售价推算,公司上市后市值将达1亿8027万令吉。

建立工业化建筑系统
少依赖人力
朝建集团董事经理拿督林启君在线上招股书发布仪式表示,将把首次公开售股筹集到部份资金用于建立工业化建筑系统,以提昇软件系统,减少对人力的依赖并提高运营效率。

“我们也打算购买更多设备和机器,加强我们的技术能力,以承接更大的项目,并进一步扩展和渗透到再生能源等其他领域。”

林启君指出,受利于过去累积的经验,以及审慎的管理和严格的成本纪律,使集团在危机中处于优势地位;尽管公司2020财政年的营收受到MCO1.0影响,惟税后和非控制性权益后净利(PATNCI)从2019财政年的3.5%增加至4.2%。

“截至2020年12月31日,我们用于营运的现金流量也为正。我们相信,这些结果充份说明我们的管理团队在艰难时期的应对能力。”

他透露,集团目前共有22项正在进行的合约,价值约19亿令吉,其中12亿令吉尚未入账,是其4年平均收入2亿9397令吉(2017至2020财政年)的4.13倍。

朝建集团计划首次公开售股活动所筹到的1100万令吉(24.3%)将充作营运资本、660万令吉(14.7%)用于购买机械和设备、600万令吉(13.3%)建立工业化建筑系统、100万令吉(2.2%)用于升级软件和系统、400万令吉(8.9%)支付上市费用,其餘1650万令吉(36.6%)偿还银行借款。
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 楼主| 发表于 22-6-2021 12:01 PM | 显示全部楼层
吉隆坡21日讯)预定下周二(29日)在创业板上市的朝建集团(Nestcon Berhad),其首次公开售股(IPO)计划中供公众认购的新股获得57.13倍超额认购。

Tricor的文告指出,朝建供公众认购的3219万2000新股,共接获2万2673份申请书认购18亿7131万8100股新股,相等于超额认购57.13倍。其中,土著部份接获1万1281份申请认购7亿1272万8700股新股,超额认购43.28倍,而其餘公众部份则获得1万1392份申请认购11亿5858万9400股新股,相等于超额认购70.98倍。

所有成功申请者将在6月28日之前接获通知
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 楼主| 发表于 30-6-2021 11:47 PM | 显示全部楼层
(吉隆坡29日讯)朝建集团(NESTCON,0235,创业板建筑)首日挂牌马股备受追捧,盘中最高涨9仙或32%,至37仙。



该股今早以30仙开盘,较首发股价的28仙溢价7.1%,该股刚敲响上市钟便获得2836万6800股的成交量。早盘交投火热,开盘一小时内最高涨9仙或32.1%,至37仙的盘中最高点,跻身马股10大上升股榜的亚军位置。

休市时,该股报33仙,升3仙或10%,成交量达2亿4303万600股。

林启君(左3起)和王荣全主持上市敲钟仪式。见证者有丁华代(左起)、陈俊㟽、林友欣和邱业胜。
林启君(左3起)和王荣全主持上市敲钟仪式。见证者有丁华代(左起)、陈俊㟽、林友欣和邱业胜。
朝建集团董事经理拿督林启君今日在上市后的线上记者会上说,公司目前握有19亿令吉的订单,其中12亿令吉仍未入账。

拟拓展业务至再生能源
他说,虽然新冠肺炎疫情使收入确认的速度因建筑活动减少而受到影响,但在强劲的未入账销售支持下,盈利可见度仍然健康。

“尽管发生大流行,但目前为止还没有任何合约被终止、取消和暂停。”

“我们手上的25项工程中,其中13项已获得国际贸易及工业部批准营运。当中3项属于建筑部门,剩下10项则是土木工程和基建部门。超过一半的工地已按照标准作业程序开始运作。”

除了现有业务,该公司也计划拓展业务至再生能源领域,包括参与太阳能和小型水力发电项目的竞标活动。

林启君透露,公司正竞标51个项目,价值约28亿令吉,按照过去20%至50%的成功率,有信心这些项目能带来可观的贡献。

今日出席线上上市仪式的还有朝建集团执行董事王荣全、财务董事林友欣、合盈证券私人有限公司执行董事拿督陈俊㟽及财务主管丁华代、Eco Asia Capital Advisory私人有限公司董事经理邱业胜。
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发表于 28-11-2021 06:38 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
NESTCON BERHAD ("NESTCON" OR "THE COMPANY") - STRATEGIC PARTNERSHIP AGREEMENT BETWEEN HATTEN COMMERCIAL MANAGEMENT SDN. BHD. AND NESTCON SUSTAINABLE SOLUTIONS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
1. INTRODUCTION

The Board of Directors of Nestcon (“the Board”) wishes to announce that its wholly-owned subsidiary, Nestcon Sustainable Solutions Sdn. Bhd. (“NSS”), had on 15 September 2021 entered into the Strategic Partnership Agreement (“Agreement”) with Hatten Commercial Management Sdn. Bhd. (“HCM”) in respect of the joint collaboration in pursuing the business opportunities in relation to the investment and development of solar photovoltaic plants and facilities in Malaysia (“Plans”).

(NSS and HCM shall hereinafter be collectively referred to as “Parties” and individually as “Party”).

2. INFORMATION ON NSS

NSS was incorporated on 7 September 2021 under the Companies Act 2016 as a private company limited by shares. The current share capital of NSS is RM100,000.00 (Ringgit Malaysia: One Hundred Thousand) only and it is a wholly-owned subsidiary of the Company.

The Directors of NSS are Datuk Ir. Dr. Lim Jee Gin and Mr. Ong Yong Chuan.

NSS is currently dormant and the intended business activities of NSS are to carry out the business of renewable energy activities and maintenance works.

3. INFORMATION ON HCM

HCM was incorporated in Malaysia as a private company limited by shares and it is a wholly-owned subsidiary of Hatten Land Limited, a public limited company incorporated in Singapore and listed on the Catalist board of Singapore Exchange.

The registered address of HCM is situated at 48 Jalan Kota Laksamana 2/15, Taman Kota Laksamana, Seksyen 2, 75200 Melaka, Malaysia.

4. DETAILS OF THE AGREEMENT

4.1 The Agreement delineates the desirous and understanding between the Parties to jointly co-operate for the purposes of the Plans, as follows:

(a) The Parties will set up a joint venture (“JV”) and/or consortium with other potential partners to jointly secure, supply, construct, develop and manage solar photovoltaic plants and facilities (“SPPFs”) in Malaysia.

(b) The JV and/or consortium will install 6,373 solar panels on the roof of the Dataran Pahlawan Melaka Megamall to generate up to 3.19 MWp of solar-powered energy in Melaka.

(c) The JV and/or consortium will also install solar panels and set up SPPFs at all properties owned or managed by HCM and HCM’s related corporations.

(d) The Parties will jointly collaborate with other potential partners to utilise and/or secure the current and future land reserve for building large-scale solar photovoltaic facilities to generate up to 100 MWp by phases in Malaysia.

4.2 The Agreement sets out the general framework and intentions of the Parties for the Plans and for the facilitation of further definitive agreement(s) in the future.

4.3 The Parties’ detailed scope of collaboration and responsibilities shall be further defined in separate definitive agreement(s) to be discussed and mutually agreed between the Parties on a case-by-case basis for each of the Plans to be undertaken by the Parties.

4.4 The Agreement does not outline the contract value for the Plans.

4.5 The Agreement shall come into force from the date of Agreement and shall remain valid for a period of one (1) year or until the signing of definitive agreement(s) for the Plans or termination of the Agreement by the Parties. The term of the Agreement may be extended by an agreed written agreement from the Parties.

4.6 Either Party may terminate the Agreement by serving on the other Party a fourteen (14) days’ prior written notice and upon termination, the Parties shall have no further claims or obligations to each other pursuant to the Agreement.

5. FINANCIAL EFFECTS

The Agreement by itself is not expected to have any material effect on the net assets per share, earnings per share and gearing of the Company for the financial year ending 31 December 2021, however, upon the successful implementation and execution of the Plans pursuant to the terms as set out in the Agreement, it is expected that the Plans will contribute positively to the future financial performance of the Company.

6. APPROVAL REQUIRED

No approval is required from the Company’s shareholders to enter into the Agreement with HCM.

7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the Directors and/or major shareholders of Nestcon or persons connected with them has any interests, direct or indirect, in the Agreement.

8. STATEMENT BY THE BOARD OF DIRECTORS

The Board is of the opinion that entering into the Agreement with HCM is in the best interest of the Company.

This announcement is dated 15 September 2021.



Type
Announcement
Subject
OTHERS
Description
NESTCON BERHAD ("NESTCON" OR "THE COMPANY") -        JOINT VENTURE AGREEMENT BETWEEN HATTEN RENEWABLE ENERGY SDN. BHD. AND NESTCON SUSTAINABLE SOLUTIONS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
Reference is made to the Company’s announcement made on 15 September 2021 pertaining to the Strategic Partnership Agreement entered into between Hatten Commercial Management Sdn. Bhd. and Nestcon Sustainable Solutions Sdn. Bhd. for the joint collaboration in pursuing the business opportunities in relation to the investment and development of solar photovoltaic plants and facilities in Malaysia.

1. INTRODUCTION

The Board of Directors of Nestcon (“the Board”) wishes to announce that its wholly-owned subsidiary, Nestcon Sustainable Solutions Sdn. Bhd. (“NSS”) had on 9 November 2021 entered into a Joint Venture Agreement (“JV Agreement”) with Hatten Renewable Energy Sdn. Bhd. (“HRE”) with the objective of forming a joint venture company (“JV Company”) to jointly co-operating and collaborating to secure, supply, construct, develop and manage solar photovoltaic plants and facilities in Malaysia.

(NSS and HRE shall hereinafter be collectively referred to as “Parties” and individually as “Party”).

2. INFORMATION ON HRE

HRE was incorporated in Malaysia as a private company limited by shares and it is a wholly-owned subsidiary of Hatten Land Limited, a public limited company incorporated in Singapore and listed on the Catalist board of Singapore Exchange.

The business address of HRE is situated at 10-01 Hatten Square, Jalan Merdeka, Bandar Hilir, 75000 Melaka, Malaysia.

3. DETAILS OF THE JV AGREEMENT

3.1 NSS and/or its nominees and HRE will be setting up a private limited company as the JV Company and the JV Agreement is to regulate the rights and obligations of the Parties in relation to the administration and management of the JV Company upon the terms and conditions of the JV Agreement.

3.2 By an invitation of Lianbang Ventures Sdn. Bhd. (“LV”), the JV Company will undertake the development of a 3.19 MWp rooftop solar photovoltaic system project (“Works”) which consists of 6,373 solar panels and associated system on the roof of Dataran Pahlawan Melaka Megamall in the state of Melaka (“Plant”).

3.3 The purposes and objectives of the JV Company, amongst others, are as follows:

(a) to undertake the financing, engineering, procurement, construction, commissioning, operation and maintenance of the Plant; and

(b) to obtain a net pecuniary or financial gain or the maximum achievable profit arising from the performance and completion of the Works.

3.4 The Parties agree that the shareholding structure of the JV Company shall be 70% owned by NSS and/or its nominees while 30% owned by HRE.

3.5 The JV Company will enter into a Power Purchase Agreement (“PPA”) with LV to undertake the Works with the adoption, execution and implementation of the Supply Agreement with Renewable Energy (SARE) and the JV Company shall manage the Plant for LV for the term of 21 years.

3.6 Pursuant to the JV Agreement, NSS and/or its nominees shall, through the JV Company:

(a) decide on and implement all aspect of engineering, procurement, construction, commissioning, operation and management of the Plant; and

(b) have the sole rights for the appointment and selection of engineering, procurement, construction and commissioning contractors (“EPCC Contractors”).

3.7 HRE shall ensure that the PPA has a validity of execution of 12 months from the Notice to Proceed to be issued to the EPCC Contractors which is targeting in January 2022 in accordance with the JV Agreement.

3.8 The Parties agree to be jointly and severally responsible to LV together with the JV Company in carrying out the Works and further agree to act in the best interest of the JV Company and each other at all material times.

3.9 The JV Agreement shall come into force and remain effective from the date of the JV Agreement until each Party has fulfilled and completed all its obligations and liabilities under the JV Agreement and/or the scope of works of the JV Company in the contract to be entered into between the JV Company and LV for the performance of the Works. Nevertheless, the JV Agreement shall be terminated upon the Parties mutually agree in writing to terminate the JV Agreement, for which all provisions contained in the JV Agreement shall be automatically terminated.

4. FINANCIAL EFFECTS

The JV Agreement by itself is not expected to have any material effect on the net assets, gearing, earnings and earnings per share of the Company for the financial year ending 31 December 2021, however, upon the successful implementation and execution of the Works pursuant to the terms as set out in the JV Agreement, it is expected that the Works will contribute positively to the future financial performance of the Company.

5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the Directors and/or major shareholders of Nestcon or persons connected with them has any interests, direct or indirect, in the JV Agreement.

6. STATEMENT BY THE BOARD OF DIRECTORS

The Board is of the opinion that entering into the JV Agreement with HRE is in the best interest of the Company.

This announcement is dated 9 November 2021.

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发表于 13-2-2022 09:50 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2021
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2021
30 Sep 2020
30 Sep 2021
30 Sep 2020
$$'000
$$'000
$$'000
$$'000
1Revenue
70,588
0
250,978
0
2Profit/(loss) before tax
567
0
7,567
0
3Profit/(loss) for the period
967
0
5,663
0
4Profit/(loss) attributable to ordinary equity holders of the parent
967
0
5,663
0
5Basic earnings/(loss) per share (Subunit)
0.15
0.00
0.88
0.00
6Proposed/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 ($$)
0.1900
0.1100

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发表于 17-9-2022 12:17 PM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
NESTCON BERHAD ("NESTCON" OR "THE COMPANY") - TERMINATION OF THE JOINT VENTURE AGREEMENT DATED 9 NOVEMBER 2021 BETWEEN HATTEN RENEWABLE ENERGY SDN. BHD. ("HRE") AND NESTCON SUSTAINABLE SOLUTIONS SDN. BHD. ("NSS"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
For consistency purposes, the abbreviations and definitions used throughout this announcement is the same as those previously defined in the Company's announcements made on 15 September 2021 and 9 November 2021 in relation to the Strategic Partnership Agreement and Joint Venture Agreement respectively, entered into between HRE and NSS for the joint collaboration in pursuing the business opportunities in relation to the investment and development of solar photovoltaic plants and facilities in Malaysia (“Announcements”).

1. INTRODUCTION

NSS had on 9 November 2021 entered into a Joint Venture Agreement (“JV Agreement”) with HRE with the objective of forming a joint venture company (“JV Company”) to jointly co-operating and collaborating to secure, supply, construct, develop and manage solar photovoltaic plants and facilities in Malaysia.

On 15 September 2022, NSS had received a notice of termination of the JV Agreement (“Termination Notice”) from HRE due to internal change of HRE’s business strategy and growth goals in its energy division. NSS had on 15 September 2022 replied the acceptance of the Termination Notice in writing to mutually terminate the JV Agreement.

The Board of Nestcon wishes to announce that an amicable decision has been reached between NSS and HRE to mutually agree to terminate the JV Agreement subject to the terms and conditions contained in the JV Agreement and Termination Notice as agreed between both Parties.

2. RATIONALE FOR THE TERMINATION OF THE JV AGREEMENT

The mutual agreement on the termination of JV Agreement due to internal change of HRE’s business strategy and growth goals in its energy division. Both parties had decided to seek for other potential partners to meet their business objectives.

3. EFFECTS OF THE TERMINATION OF THE JOINT VENTURE AGREEMENT

The termination of the JV Agreement is not expected to have any material effect on the net assets, gearing, earnings and earnings per share of the Company for the financial year ending 31 December 2022.

There is no cost incurred by NSS from the JV Agreement as the JV Company was not incorporated since the date of the signing of the JV Agreement.

4. STATEMENT BY THE BOARD OF DIRECTORS

The Board, having considered all aspects of the mutual termination is of the opinion that the mutual termination is in the best interest of NSS.

This announcement is dated 15 September 2022.

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发表于 21-9-2022 12:22 PM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
NESTCON BERHAD ("NESTCON" OR "THE COMPANY")- LETTER OF AWARD FROM BARA MINING & CONSTRUCTION SDN. BHD. TO NESTCON INFRA SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
1. INTRODUCTION

The Board of Directors of Nestcon (“the Board”) wishes to announce that Nestcon Infra Sdn. Bhd. (“Nestcon Infra”), a wholly-owned subsidiary of the Company, had on 20 September 2022 accepted the letter of award dated 20 September 2022 (“LOA”) from BARA Mining & Construction Sdn. Bhd. (“BARA”) in respect of the appointment of Nestcon Infra as Contractor to provide site clearance, earthwork and ancillary works on CBS 2, Block 1, Sungai Bakau, Balingian Coalfield, Mukah Division, Sarawak, Malaysia (“Project”).

2. INFORMATION ON NESTCON INFRA

Nestcon Infra was incorporated in Malaysia as a private company limited by shares having its registered address at No. 7-1, Jalan 109F, Plaza Danau 2, Taman Danau Desa, 58100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.

The nature of business of Nestcon Infra is principally involved in construction works.

3. INFORMATION ON BARA

BARA was incorporated in Malaysia as a private company limited by shares and having its business address at No. 1, Lorong 16/3C, Seksyen 16, Petaling Jaya, 46350 Selangor.

The nature of business of BARA is principally involved in construction of other engineering projects N.E.C..

4. DETAILS OF THE LOA

(a) Nestcon Infra will be appointed by BARA as the Contractor to undertake the Project.

(b) The provisional contract sum for the Project is RM165,082,500.00 (Ringgit Malaysia One Hundred Sixty-Five Million Eighty-Two Thousand and Five Hundred) only, subject to the joint measurement to be carried out and the results shall be deemed as correct and carry to the Final Contract Sum.

(c) The LOA shall be in force for an initial term of twenty-four (24) months effective from 20 September 2022 to 19 September 2024 (hereinafter referred to as the “Initial Term”), with an option to extend for an additional period of 24 months upon written notice not later than thirty (30) days prior to the expiration of the Initial Term.

(d) Nestcon Infra shall carry the Project in accordance with applicable regulations, specifications, approvals and requirements specified and approved by the relevant authorities.

(e) BARA and Nestcon Infra shall enter into a formal contract along the necessary supporting documents (hereinafter referred to as the “Contract”) within twenty-one (21) days from the acknowledgement of the LOA. The LOA is a binding agreement between BARA and Nestcon Infra before the execution of the Contract.

5. FINANCIAL EFFECTS

The acceptance of the LOA by Nestcon Infra to undertake the Project is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company for the financial year ending 31 December 2022 and throughout the duration of the Project.

6. RISK FACTORS

The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or Project. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur.

7. APPROVAL REQUIRED

The acceptance of the LOA is not subject to the approval from the Company’s shareholders’ and/or any regulatory authorities.

8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER’S INTERESTS

None of the Directors and/or major shareholders of Nestcon or persons connected with them has any interests, direct or indirect, in the LOA and/or Project.

9. STATEMENT BY THE BOARD OF DIRECTORS

The Board, after having considered all aspects of the LOA and the Project, is of the opinion that the LOA and the Project are within the ordinary course of business of Nestcon and the acceptance of the LOA is in the best interest of the Company.

This announcement is dated 20 September 2022.

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发表于 2-10-2022 04:57 PM | 显示全部楼层
NESTCON 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 IN NESTCON
No. of shares issued under this corporate proposal
13,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.3600
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
656,822,000
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 105,708,626.000
Listing Date
29 Sep 2022

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发表于 10-10-2022 02:52 PM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
NESTCON BERHAD ("NESTCON" OR "THE COMPANY")LETTER OF AWARD FROM EURO SAGA SDN. BHD. FOR THE APPOINTMENT OF NESTCON INFRA SDN. BHD. AS THE SUBCONTRACTOR FOR NENGGIRI HYDROELECTRIC PROJECT ("PROJECT") ("APPOINTMENT")
Unless otherwise defined, all terms used herein shall have the same meanings referred to in the announcement on 30 May 2022 pertaining to Nestcon Infra who received and accepted the LOI dated 30 May 2022 from Euro to undertake Subcontract Works for the Project.

1.       INTRODUCTION

The Board wishes to announce that Nestcon Infra, had on 6 October 2022 accepted the Letter of Award (“LOA”) from Euro Saga Sdn. Bhd. (“Euro” or “the Main Subcontractor”) appointing Nestcon Infra as the subcontractor for the Project (“the Appointment” or “Subcontract”).

2.       DETAILS OF THE APPOINTMENT AND LOA

(a) The total provisional sum of RM91,183,810.96 shall be claimable by and payable to Nestcon Infra on progressive claim based on the work done.

(b) The date of commencement of the Subcontract Works was on 30 May 2022 or the date of acceptance of the LOI.

(c) The expected completion date for the construction works is by 25 April 2026.

(d) The Main Subcontractor may upon notice to Nestcon Infra to terminate immediately the engagement of Nestcon Infra in the execution and performance of the Subcontract Works in the event:
● Nestcon Infra fails to commence the Subcontract Works or Nestcon Infra suspends or abandons the carrying out of the whole or section or sections of the Subcontract Works or repudiated the Subcontract; or
● Nestcon Infra fails to proceed regularly and diligently with the Subcontract Works which in the sole opinion of the Main Contractor namely LLC Infra Sdn. Bhd. and the Main Subcontractor, the Subcontract Works may not be completed by or before the date for completion or by such date extended in accordance with the provisions of the Subcontract; or
● Nestcon Infra is in default of any law or in default or in breach of any of the Terms and Conditions of the Subcontract; or
● The performance of the Subcontract Works is in jeopardy due to reasons beyond the control of any party involved in the Project.

(e) The Defect Liability Period shall be from the date of Practical Completion of the Subcontract Works up to:-
● Twelve (12) months from the date of Practical Completion of the Main Contract; or
● The dates of Main Contract Certificates of Making Goods which includes the Subcontract Works, whichever is later.

3.       FINANCIAL EFFECTS

(a) The Contract will not have any effect on the issued share capital and the shareholding of the substantial shareholders of Nestcon.

(b) The acceptance of the LOA by Nestcon Infra is expected to contribute positively to the earnings and net assets of the Company throughout the duration of the Project, and  is not expected to have any and/or will not have any material effect on the gearing of the Company.

4.       RISK FACTORS

The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or Project. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur.

5.       DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHARHOLDER’S INTERESTS

None of the Directors and/or major shareholders of Nestcon or persons connected to them has any interests, direct or indirect, in the Subcontract.

6.       STATEMENT BY THE BOARD OF DIRECTORS

The Board, after having considered all aspects of the Appointment and the Subcontract, is of the opinion that the Subcontract is in the best interest of the Company.


This announcement is dated 6 October 2022.

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发表于 23-10-2022 07:37 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
NESTCON BERHAD ("NESTCON" OR "THE COMPANY")- LETTER OF AWARD FROM SINO NATURAL RESOURCES MALAYSIA SDN. BHD. TO NESTCON INFRA SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
1. INTRODUCTION

The Board of Directors of Nestcon (“the Board”) wishes to announce that Nestcon Infra Sdn. Bhd. (“Nestcon Infra”), a wholly-owned subsidiary of the Company, had on 13 October 2022 accepted the letter of award dated 13 October 2022 (“LOA”) from Sino Natural Resources Malaysia Sdn. Bhd. (“SINO”) in respect of the appointment of Nestcon Infra as Contractor to provide site clearance, earthwork and ancillary works on CBS 2, Block 3, Sungai Bakau, Balingian, Mukah Division, Sarawak, Malaysia (“Project”).

2. INFORMATION ON NESTCON INFRA

Nestcon Infra was incorporated in Malaysia as a private company limited by shares having its registered address at No. 7-1, Jalan 109F, Plaza Danau 2, Taman Danau Desa, 58100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.

The nature of business of Nestcon Infra is principally involved in construction works.

3. INFORMATION ON SINO

SINO was incorporated in Malaysia as a private company limited by shares and having its business address at Lot 34, Block 53, Bedanga Road, 96400 Mukah, Sarawak.

The nature of business of SINO is principally involved in construction of utility projects N.E.C..

4. DETAILS OF THE LOA

(a) Nestcon Infra will be appointed by SINO as the Contractor to undertake the Project.

(b) The provisional contract sum for the Project is RM129,600,000.00 (Ringgit Malaysia One Hundred Twenty-Nine Million and Six Hundred Thousand) only.

(c) The LOA shall be in force for an initial term of twenty-four (24) months effective from 13 October 2022 to 12 October 2024 (“Initial Term”), with an option to extend for an additional period of 24 months upon written notice not later than thirty (30) days prior to the expiration of the Initial Term.

(d) Nestcon Infra shall carry the Project in accordance with the specifications and requirements set out in the LOA.

(e) SINO and Nestcon Infra shall enter into a formal contract along the necessary supporting documents (“Contract”) within twenty-one (21) days from the acknowledgement of the LOA. The LOA is a binding agreement between SINO and Nestcon Infra before the execution of the Contract and shall remain in full force and effect and shall be read and construed and be enforceable.

5. FINANCIAL EFFECTS

The acceptance of the LOA by Nestcon Infra to undertake the Project is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company for the financial year ending 31 December 2022 and throughout the duration of the Project.

6. RISK FACTORS

The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or Project. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur.

7. APPROVAL REQUIRED

The acceptance of the LOA is not subject to the approval from the Company’s shareholders’ and/or any regulatory authorities.

8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER’S INTERESTS

None of the Directors and/or major shareholders of Nestcon or persons connected with them has any interests, direct or indirect, in the LOA and/or Project.

9. STATEMENT BY THE BOARD OF DIRECTORS

The Board, after having considered all aspects of the LOA and the Project, is of the opinion that the LOA and the Project are within the ordinary course of business of Nestcon and the acceptance of the LOA is in the best interest of the Company.

This announcement is dated 13 October 2022.

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发表于 26-3-2024 02:52 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
NESTCON BERHAD (NESTCON OR THE COMPANY) - LETTER OF AWARD FROM ISKANDAR CAPITAL SDN. BHD. TO NESTCON INFRA SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
1. INTRODUCTION

The Board of Directors of Nestcon (“the Board”) wishes to announce that Nestcon Infra Sdn. Bhd. (“Nestcon Infra”), a wholly-owned subsidiary of the Company, had on 22 March 2024 accepted the letter of award dated 22 March 2024 (“LOA”) awarded by Iskandar Capital Sdn. Bhd. (“Iskandar Capital”) in respect of the proposed earthworks and main infrastructure works (Stage 1) for Wawari Phase 1 Township Development, Mukim Pulai, Daerah Johor Bahru, Johor Darul Ta’zim (“the Contract Works”).

2. INFORMATION ON NESTCON INFRA

Nestcon Infra was incorporated in Malaysia as a private company limited by shares having its registered address at No. 7-1, Jalan 109F, Plaza Danau 2, Taman Danau Desa, 58100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.

The nature of business of Nestcon Infra is principally involved in construction works.

3. INFORMATION ON ISKANDAR CAPITAL

Iskandar Capital was incorporated in Malaysia as a private company limited by shares and having its business address at A18 & A19, Medini 9, Persiaran Medini Sentral 1, Bandar Medini Iskandar, 79250 Iskandar Puteri, Johor Darul Ta’zim.

Iskandar Capital is an investment holding, and principally engaged in property and land development.

4. DETAILS OF THE LOA

(a) The contract sum for the Contract Works is RM79,500,000.00 (Ringgit Malaysia: Seventy-Nine Million and Five Hundred Thousand) only.
(b) The date of possession shall be 28 March 2024 and the overall completion date shall be 27 November 2025.
(c) The defect liability period of the Contract Works shall be Twenty-Four (24) months from the date of issuance of the Certificate of Practical Completion of the Contract Works.
(d) Nestcon Infra shall carry the Contract Works in accordance with the other supplementary terms and conditions set out in the LOA.

5. FINANCIAL EFFECTS

The acceptance of the LOA by Nestcon Infra to undertake the Contract Works is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Contract Works.

6. RISK FACTORS

The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or the Contract Works. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur.

7. APPROVAL REQUIRED

The acceptance of the LOA is not subject to the approval from the Company’s shareholders and/or any regulatory authorities.

8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER’S INTERESTS

None of the Directors and/or major shareholders of Nestcon or persons connected with them has any interests, direct or indirect, in the LOA and/or the Contract Works.

9. STATEMENT BY THE BOARD OF DIRECTORS

The Board, after having considered all aspects of the LOA and the Contract Works, is of the opinion that the LOA and the Contract Works are within the ordinary course of business of Nestcon and the acceptance of the LOA is in the best interest of the Company.

This announcement is dated 22 March 2024.

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