Type
:
Announcement
Subject
:
MESB BERHAD (“MESB” or “the Company”)
- Status update
- Kuala Lumpur High Court Winding Up No. D-28NCC-315-2010
Zelleco Engineering Sdn Bhd Vs Maintenance Engineering Sdn Bhd
Contents
:
Further to our announcements dated 26 March 2010, 30 March 2010, 1 April 2010, 13 May 2010, 20 July 2010 and 17 August 2010 pertaining to the above subject matter.

The Board of Directors of the Company wishes to announce that its wholly-owned subsidiary, Maintenance Engineering Sdn Bhd (“ME”) had today, received a letter dated 27 August 2010 from Messrs Hamzah Tan, the advocates & solicitors of ME in relation to the petition to wind-up ME, has been withdrawn by Zelleco Engineering Sdn Bhd (“Petitioner”) with no order as to costs. Consequently our application to strike out the Petition was withdrawn with no order as to costs. As such the petition is no longer valid and has been struck off by the Honourable Court and the parties are in the midst of preparing the order for the same.

This announcement is dated 27 August 2010.

Financial Results
Reference No CA-100825-62262

 

Company Name

:

MESB BERHAD  
Stock Name

:

MESB  
Date Announced

:

25/08/2010  

 

Financial Year End

:

31/03/2011
Quarter

:

1
Quarterly report for the financial period ended

:

30/06/2010
The figures

:

have not been audited

 

Converted attachment :
Please attach the full Quarterly Report here:

MESB2010QTR01

     
Currency

:

Malaysian Ringgit (MYR)

 

SUMMARY OF KEY FINANCIAL INFORMATION

30/06/2010

 

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

 

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

 

30/06/2010

30/06/2009

30/06/2010

30/06/2009

 

$$’000

$$’000

$$’000

$$’000

1 Revenue

15,019

20,318

15,019

20,318

2 Profit/(loss) before tax

1,252

871

1,252

871

3 Profit/(loss) for the period

1,105

682

1,105

682

4 Profit/(loss) attributable to ordinary equity holders of the parent

806

360

806

360

5 Basic earnings/(loss) per share (Subunit)

1.92

2.64

1.92

2.64

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 ($$)

1.0800

1.0600

Type

:

Announcement
Subject

:

MESB BERHAD (“MESB” or “the Company”)
-Status update
-Kuala Lumpur High Court Winding Up No. D-28NCC-315-2010
Zelleco Engineering Sdn Bhd Vs Maintenance Engineering Sdn Bhd

 

 
Contents

:

Further to our announcements dated 26 March 2010, 30 March 2010, 1 April 2010, 13 May 2010 and 20 July 2010.

The Company wishes to inform that the hearing for the abovementioned case has been postponed to 27 August 2010 at 2.45 p.m.

This announcement is dated 17 August 2010.

 

Type
:
Announcement
Subject
:
MESB BERHAD (”MESB” or “the Company”)
- Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
Contents
:
The Board of Directors of MESB wishes to announce that the Company proposes to seek the approval of its shareholders for the annual renewal of the shareholders’ mandate for the recurrent related party transactions of a revenue or trading nature (”Proposal”) at the forthcoming Annual General Meeting of the Company.

A circular to shareholders containing information of the Proposal will be despatched to the shareholders of the Company in due course.

The announcement is dated 26 July 2010.

Comments Off

Further to our announcements dated 26 March 2010, 30 March 2010, 1 April 2010 and 13 May 2010, the Board of Directors of MESB Berhad wishes to update that Maintenance Engineering Sdn Bhd, a wholly owned subsidiary of the Company had today, was served a sealed copy of the Summons in Chambers (“SIC”) dated 6 July 2010. In regard to the SIC, the High Court has fixed on 9 August 2010 at 8.30 a.m. for hearing of the above matter.

Currency

:

Malaysian Ringgit (MYR)

 

SUMMARY OF KEY FINANCIAL INFORMATION

31/03/2010

 

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

 

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

 

31/03/2010

31/03/2009

31/03/2010

31/03/2009

 

$$’000

$$’000

$$’000

$$’000

1 Revenue

16,993

0

92,046

0

2 Profit/(loss) before tax

498

0

4,817

0

3 Profit/(loss) for the period

-681

0

2,091

0

4 Profit/(loss) attributable to ordinary equity holders of the parent

-424

0

851

0

5 Basic earnings/(loss) per share (Subunit)

-1.01

0.00

2.03

0.00

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 ($$)

1.0600

1.0400

Attachment :-

MESBS2009QTR04

Further to our announcements dated 26 March 2010, 30 March 2010 and 1 April 2010.

The Company wishes to inform that the hearing for the abovementioned case has been fixed on 8 July 2010.

Type

:

Announcement
Subject

:

MESB BERHAD (“MESB” or “the Company”)
- Notice of Discontinuance of Kuala Lumpur High Court Suit No. D-22NCC-784-2009
Leader Cable Industry Berhad (”Plantiff”) V Maintenance Engineering Sdn Bhd (”Defendant”)

 

 
Contents

:

References are made to our announcements made on 26 January 2010 and 21 January 2010 pertaining to the above matter.

The Board of Directors is pleased to announce that ME, a wholly-owned subsidiary of the Company, via its solicitors had on 8 April 2010 received a Notice of Discontinuance dated 1 April 2010 of the abovementioned suit from the Plantiff’s solicitors.

This announcement is dated 8 April 2010.

 

Type

:

Reply to query
Reply to Bursa Malaysia’s Query Letter – Reference ID

:

ZO-100329-57097
Subject

:

MESB BERHAD (“MESB” or “the Company”)
- Notice Pursuant to Section 218 of the Companies Act, 1965

 

 
Contents

:

Reference is made to Bursa Malaysia Securities Berhad’s query letter dated 29 March 2010, requesting for the following additional information for public release:1.The date on which the Notice was served on Maintenance Engineering Sdn Bhd (“ME”).

The Notice has been served on 19 March 2010 by Zelleco Sdn Bhd.

2.Whether ME is a major subsidiary.

ME is not a major subsidiary of MESB.

3.The interest rate claimed for under the Notice.

The claims sum of RM7,282,756.68 is inclusive of interest. However the rate of interest was not spelt out in the Notice.

4. The financial and operational impact of the Notice on the Group.

There is no immediate financial and operational impact of the Notice on the Group as the company has been aware of the disagreement and has been working towards a resolution. However, in the unlikely event of a negative legal judgement, a loss as mentioned in 5 below is foreseen.

5.The expected losses, if any arising from Notice.

Estimated RM1.5 million.

This announcement is dated 1 April 2010.

 

 
Query Letter
content

 

:

We refer to your Company’s announcement dated 26 March 2010 in respect of the
above matter.In this connection, kindly furnish Bursa Malaysia Securities Berhad (”Bursa
Securities”) with the following additional information for public release:-

The date on which the Notice was served on Maintenance Engineering Sdn. Bhd.
(”ME”).
Whether ME is a major subsisdiary.
The interest rate claimed for under the Notice.
The financial and operational impact of the Notice on the group.
The expected losses, if any arising from the Notice.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully

TAN YEW ENG
Head, Issuers
Listing Division
Regulation

TYE / ZOOS

c.c.Head, Market Surveillance Department
Securities Commission (via fax)

 

Type

:

Reply to query
Reply to Bursa Malaysia’s Query Letter – Reference ID

:

ZO-100329-57097
Subject

:

MESB BERHAD (“MESB” or “the Company”)
- Notice Pursuant to Section 218 of the Companies Act, 1965

 

 
Contents

:

Reference is made to Bursa Malaysia Securities Berhad’s query letter dated 29 March 2010, requesting for the following additional information for public release:

1.The date on which the Notice was served on Maintenance Engineering Sdn Bhd  (“ME”).

The Notice has been served on 19 March 2010 by Zelleco Sdn Bhd.

2.Whether ME is a major subsidiary.

ME is a wholly owned subsidiary of the Company involved in engineering activities. ME contributes 10.45% of the group’s turnover and reported a loss before taxation of RM1.89million of the group’s profit before taxation of RM3.41million for the financial year ended 30.03.09.

3.The interest rate claimed for under the Notice.

The claims sum of RM7,282,756.68 is inclusive of interest. However the rate of interest was not spelt out in the Notice.

4. The financial and operational impact of the Notice on the Group.

There is no immediate financial and operational impact of the Notice on the Group as the company has been aware of the disagreement and has been working towards a resolution. However, in the unlikely event of a negative legal judgement, a loss as mentioned in 5 below is foreseen.

5.The expected losses, if any arising from Notice.

Estimated RM1.5 million.

This announcement is dated 30 March 2010.

 

 
Query Letter
content

 

:

We refer to your Company’s announcement dated 26 March 2010 in respect of the
above matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad (”Bursa
Securities”) with the following additional information for public release:-

The date on which the Notice was served on Maintenance Engineering Sdn. Bhd.
 (”ME”).
Whether ME is a major subsisdiary.
The interest rate claimed for under the Notice.
The financial and operational impact of the Notice on the group.
The expected losses, if any arising from the Notice.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully

TAN YEW ENG
Head, Issuers
Listing Division
Regulation

TYE / ZOOS

 c.c.Head, Market Surveillance Department
Securities Commission (via fax)