LOTUS CIRCULAR BERHAD
| Type |
Announcement |
| Subject |
MULTIPLE PROPOSALS |
| Description |
LOTUS CIRCULAR BERHAD (FORMERLY KNOWN AS MESB BERHAD) (“LCB” OR THE “COMPANY”)
(I) PROPOSED ACQUISITIONS;
(II) PROPOSED EXEMPTION; AND
(III) PROPOSED NEW SHAREHOLDERS’ MANDATE |
On behalf of the board of directors of LCB, KAF Investment Bank Berhad wishes to announce that:-
(i) the Company had on 19 December 2024 entered into a conditional share purchase agreement for the proposed acquisitions of the entire equity interest in Earthwise Resources Sdn Bhd (“Earthwise”) from Lotus Essential Sdn Bhd (“LESB”) and the entire equity interest in Expert Resource Management Sdn Bhd (“Expert”) from Datuk Wong Sak Kuan (“DWSK”), Chen, JianHua (“CJH”) and Lee Wai Fun (“LWF”) for a total purchase consideration of RM100,000,000, to be satisfied via a combination of cash consideration of RM35,011,000 and the issuance of 156,600,000 new ordinary shares in LCB (“Consideration Shares”) at an issue price of RM0.415 per Consideration Share (“Proposed Acquisitions”); and
(ii) in conjunction with the Proposed Acquisitions, DWSK/LESB and the persons acting in concert with them (who hold shares in LCB currently or upon issuance of the Consideration Shares or who is the director of LCB pursuant to subsections 216(2) and 216(3) of the Capital Markets and Services Act 2007 (“CMSA”)), namely CJH, LWF, Yau Ming Teck and Wong Yu Perng intend to seek an exemption from the Securities Commission Malaysia (“SC”) under subparagraph 4.08(1)(a) of the Rules on Take-Overs, Mergers and Compulsory Acquisitions issued by the SC pursuant to section 377 of the CMSA from the obligation to undertake a mandatory take-over offer for the remaining ordinary shares in LCB not already owned by them upon issuance of the Consideration Shares.
In addition, LCB will also be procuring its shareholders’ mandate for recurrent related party transactions expected to be entered into by Earthwise and Expert with other companies related to DWSK, following the completion of the Proposed Acquisitions (“New RRPTs”). In this regard, the Company will seek the approval of its shareholders for the New RRPTs, at the forthcoming extraordinary general meeting of the Company.
Kindly refer to the attached document for the complete announcement.
Lotus Circular Berhad – Announcement (Proposed Rights Issue and Proposed Exemption) 19.12.2024
This announcement is dated 19 December 2024.
Author: admin | Filed under: Announcement
Kindly be advised that the aforesaid Company has changed its name to Lotus Circular Berhad. As such, the Company’s securities will be traded and quoted under the new name with effect from 9.00 a.m., Thursday, 19 December 2024.
The Stock Short Name will be changed as follows:
| Securities
|
Old Stock Short Name |
New Stock Short Name
|
|
ORDINARY SHARES
|
MESB
|
LOTUSCIR
|
The Stock Number remains unchanged.
Author: admin | Filed under: Announcement
Remarks :
We refer to our announcements dated 29 October 2024, 30 October 2024 and 9 December 2024 in relation to the Proposed Change of Name of the Company.
The Board of Directors wishes to announce that the Company had on 13 December 2024 received the Notice of Registration of New Name pursuant to Section 28 of the Companies Act 2016 issued by the Companies Commission of Malaysia on 12 December 2024.
Accordingly, the name of the Company has been changed from “MESB BERHAD” to “LOTUS CIRCULAR BERHAD” with effect from 12 December 2024.
This announcement is dated 13 December 2024.
Author: admin | Filed under: Announcement
| Type of Meeting |
General |
| Indicator |
Outcome of Meeting |
| Date of Meeting |
09 Dec 2024 |
| Time |
03:00 PM |
| Venue(s) |
Online platform at https://sshsb.net.my/
(Domain registration number with MYNIC: D4A004360)
Malaysia |
| Outcome of Meeting |
The Board of Directors of MESB Berhad (“the Company”) wishes to announce that all the resolutions under Ordinary and Special Businesses as prescribed in the Notice of Twenty-Ninth Annual General Meeting (“29th AGM”) of the Company dated 30 October 2024 were duly passed by the shareholders of the Company by way of poll via remote participation and voting at the 29th AGM of the Company held on Monday, 9 December 2024.
The result of the poll was validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.
The Audited Financial Statements for the financial year ended 30 June 2024 together with the Reports of the Directors and Auditors thereon were received and duly tabled at the 29th AGM of the Company under Agenda 1.
Please refer to the attachment for the details of the outcome of 29th AGM.
This announcement is dated 9 December 2024. |
| Voting Results |
|
| 1. Ordinary Resolution 1 |
| Description |
To approve the payment of Directors’ fees for the financial year ending 30 June 2025. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
45 |
7 |
| No. of Shares |
21,981,131 |
20,155 |
| % of Voted Shares |
99.9084 |
0.0916 |
| Result |
Accepted |
|
|
| 2. Ordinary Resolution 2 |
| Description |
To approve the payment of Directors’ benefits (other than Directors’ fees) of up to RM68,000 for the period commencing from the date immediately after this 29th AGM until the date of the next Annual General Meeting of the Company. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
42 |
10 |
| No. of Shares |
21,980,967 |
20,319 |
| % of Voted Shares |
99.9076 |
0.0924 |
| Result |
Accepted |
|
|
| 3. Ordinary Resolution 3 |
| Description |
To re-elect Datuk Wong Sak Kuan who retires by rotation pursuant to Clause 97 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
46 |
5 |
| No. of Shares |
21,981,141 |
20,143 |
| % of Voted Shares |
99.9084 |
0.0916 |
| Result |
Accepted |
|
|
| 4. Ordinary Resolution 4 |
| Description |
To re-elect Mr. Wong Yu Perng who retires by rotation pursuant to Clause 97 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
45 |
6 |
| No. of Shares |
21,981,128 |
20,156 |
| % of Voted Shares |
99.9084 |
0.0916 |
| Result |
Accepted |
|
|
| 5. Ordinary Resolution 5 |
| Description |
To re-elect Dr. Norhanim Binti Mat Sari who retires pursuant to Clause 104 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
49 |
7 |
| No. of Shares |
60,389,018 |
20,166 |
| % of Voted Shares |
99.9666 |
0.0334 |
| Result |
Accepted |
|
|
| 6. Ordinary Resolution 6 |
| Description |
To re-appoint Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
51 |
5 |
| No. of Shares |
60,389,041 |
20,143 |
| % of Voted Shares |
99.9667 |
0.0333 |
| Result |
Accepted |
|
|
| 7. Ordinary Resolution 7 |
| Description |
To approve the general authority for the Directors to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016 and waiver of pre-emptive rights. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
47 |
8 |
| No. of Shares |
60,388,866 |
20,316 |
| % of Voted Shares |
99.9664 |
0.0336 |
| Result |
Accepted |
|
|
| 8. Ordinary Resolution 8 |
| Description |
To approve the Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
41 |
8 |
| No. of Shares |
15,876,169 |
20,316 |
| % of Voted Shares |
99.8722 |
0.1278 |
| Result |
Accepted |
|
|
| 9. Ordinary Resolution 9 – Tier 1 |
| Description |
To approve the Proposed Retention of Mr. Lee Kok Heng as Independent Non-Executive Director of the Company. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
4 |
0 |
| No. of Shares |
38,407,898 |
0 |
| % of Voted Shares |
100.0000 |
0.0000 |
| Result |
Accepted |
|
|
| 10. Ordinary Resolution 9 – Tier 2 |
| Description |
To approve the Proposed Retention of Mr. Lee Kok Heng as Independent Non-Executive Director of the Company. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
43 |
9 |
| No. of Shares |
21,980,879 |
20,407 |
| % of Voted Shares |
99.9072 |
0.0928 |
| Result |
Accepted |
|
|
| 11. Special Resolution 1 |
| Description |
To approve the Proposed Change of Name of the Company from “MESB Berhad” to “Lotus Circular Berhad”. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
47 |
8 |
| No. of Shares |
59,984,016 |
425,166 |
| % of Voted Shares |
99.2962 |
0.7038 |
| Result |
Accepted |
|
|
Please refer attachment below.
MESB – Poll Result (29th AGM)
Author: admin | Filed under: Annual General Meeting
| Financial Year End |
30 Jun 2025 |
| Quarter |
1 Qtr |
| Quarterly report for the financial period ended |
30 Sep 2024 |
| The figures |
have not been audited |
Attachments
MESB2025 1QTR REPORT MESB2025 1QTR NOTE
|
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2024
|
| |
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD |
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING
QUARTER |
CURRENT YEAR TO DATE |
PRECEDING YEAR
CORRESPONDING
PERIOD
|
| 30 Sep 2024 |
30 Sep 2023 |
30 Sep 2024 |
30 Sep 2023
|
|
|
|
|
|
MYR’000
|
MYR’000 |
MYR’000 |
MYR’000
|
| 1 |
Revenue |
35,323
|
33,514 |
35,323 |
33,514
|
| 2 |
Profit/(loss) before tax |
-256
|
607 |
-256 |
607
|
| 3 |
Profit/(loss) for the period |
-618
|
284 |
-618 |
284
|
| 4 |
Profit/(loss) attributable to ordinary equity holders of the parent |
58
|
594 |
58 |
594
|
| 5 |
Basic earnings/(loss) per share (Subunit) |
0.04
|
0.41 |
0.04 |
0.41
|
| 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 |
0.8100
|
0.8100
|
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country |
Base Unit |
Subunit |
| Malaysia |
Ringgit |
Sen |
| United States |
Dollar |
Cent |
| United Kingdom |
Pound |
Pence |
Author: admin | Filed under: Financial Reports
Author: admin | Filed under: Investor Presentation
Author: admin | Filed under: Annual Reports
| Type of Meeting |
General |
| Indicator |
Notice of Meeting |
| Description |
MESB BERHAD (“MESB” OR “THE COMPANY”)
– NOTICE OF TWENTY-NINTH ANNUAL GENERAL MEETING (“29TH AGM”)
(The 29th AGM will be conducted on fully virtual basis and entirely via remote participation and electronic voting through an online meeting platform) |
| Date of Meeting |
09 Dec 2024 |
| Time |
03:00 PM |
| Venue(s) |
Online platform at https://sshsb.net.my/
(Domain registration number with MYNIC: D4A004360)
Malaysia |
| Date of General Meeting Record of Depositors |
29 Nov 2024 |
| Resolutions |
|
| 1. For Information |
| Description |
To receive the Audited Financial Statements for the financial year ended 30 June 2024 together with the Reports of the Directors and Auditors thereon. |
| Shareholder’s Action |
For Information Only |
|
| 2. Ordinary Resolution 1 |
| Description |
To approve the payment of Directors’ fees for the financial year ending 30 June 2025. |
| Shareholder’s Action |
For Voting |
|
| 3. Ordinary Resolution 2 |
| Description |
To approve the payment of Directors’ benefits (other than Directors’ fees) of up to RM68,000 for the period commencing from the date immediately after this 29th AGM until the date of the next Annual General Meeting of the Company. |
| Shareholder’s Action |
For Voting |
|
| 4. Ordinary Resolution 3 |
| Description |
To re-elect Datuk Wong Sak Kuan who retires by rotation pursuant to Clause 97 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
|
| 5. Ordinary Resolution 4 |
| Description |
To re-elect Mr. Wong Yu Perng who retires by rotation pursuant to Clause 97 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
|
| 6. Ordinary Resolution 5 |
| Description |
To re-elect Dr. Norhanim Binti Mat Sari who retires pursuant to Clause 104 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
|
| 7. Ordinary Resolution 6 |
| Description |
To re-appoint Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration. |
| Shareholder’s Action |
For Voting |
|
| 8. Ordinary Resolution 7 |
| Description |
To approve the general authority for the Directors to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016 and waiver of pre-emptive rights. |
| Shareholder’s Action |
For Voting |
|
| 9. Ordinary Resolution 8 |
| Description |
To approve the Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
| Shareholder’s Action |
For Voting |
|
| 10. Ordinary Resolution 9 – Tier 1 |
| Description |
To approve the Proposed Retention of Mr. Lee Kok Heng as Independent Non-Executive Director of the Company. |
| Shareholder’s Action |
For Voting |
|
| 11. Ordinary Resolution 9 – Tier 2 |
| Description |
To approve the Proposed Retention of Mr. Lee Kok Heng as Independent Non-Executive Director of the Company. |
| Shareholder’s Action |
For Voting |
|
| 12. Special Resolution 1 |
| Description |
To approve the Proposed Change of Name of the Company from “MESB Berhad” to “Lotus Circular Berhad”. |
| Shareholder’s Action |
For Voting |
Please refer attachment below.
MESB Berhad – AGM Notice – Administrative Notes 2023
Author: admin | Filed under: Announcement
Remarks :
The Board of Directors of MESB Berhad (“MESB” or “the Company”) is proposing to change its name from “MESB Berhad” to “Lotus Circular Berhad” (“Proposed Change of Name”), subject to shareholders’ approval at the Company’s upcoming 29th Annual General Meeting. The Circular to Shareholders containing details of the Proposed Change of Name will be published on the Company’s website in due course.
The name change reflects a pivotal transformation in the business operations of MESB group of companies (“MESB Group” or “the Group”), shifting from apparel retail business towards waste recycling business, which has now become the new core business of MESB Group. Since the conclusion of the acquisitions of key waste recycling subsidiaries, the waste recycling business has contributed over 70% of MESB Group’s profit after tax for the financial year ended 30 June 2024, reflecting its importance as the new core business. For further insight, please refer to the Chairman’s Statement in MESB’s Annual Report 2024.
The proposed name, Lotus Circular Berhad, signifies the Group’s commitment to advancing sustainable practices, fostering environmental conservation, and supporting Malaysia’s national efforts towards a circular economy. As MESB Group moves forward under this new identity, it remains firmly committed to driving long-term growth, enhancing shareholder value, and making a positive impact on both the environment and society at large.
This announcement is dated 29 October 2024.
Author: admin | Filed under: Announcement
| Type |
Announcement |
| Subject |
OTHERS |
| Description |
MESB BERHAD (“MESB” OR “THE COMPANY”)
– PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE |
The Board of Directors of MESB wishes to inform that MESB intends to seek its shareholders’ approval for the Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature (“Proposed Renewal of Shareholders’ Mandate”) at the forthcoming Twenty-Ninth Annual General Meeting of the Company.
The Circular to Shareholders containing details of the aforesaid Proposed Renewal of Shareholders’ Mandate will be announced and published on the Company’s website in due course.
This announcement is dated 29 October 2024.
Author: admin | Filed under: Announcement
| Financial Year End |
30 Jun 2024 |
| Quarter |
4 Qtr |
| Quarterly report for the financial period ended |
30 Jun 2024 |
| The figures |
have not been audited |
Attachments :
MESB2024 4QTR REPORT MESB2024 4QTR NOTE
|
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2024
|
| |
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD |
| CURRENT YEAR QUARTER |
PRECEDING YEAR
CORRESPONDING
QUARTER |
CURRENT YEAR TO DATE |
PRECEDING YEAR
CORRESPONDING
PERIOD
|
|
30 Jun 2024
|
30 Jun 2023 |
30 Jun 2024 |
30 Jun 2023
|
|
|
|
|
|
$$’000
|
$$’000 |
$$’000 |
$$’000
|
| 1 |
Revenue |
42,353
|
40,865 |
187,440 |
159,187
|
| 2 |
Profit/(loss) before tax |
1,969
|
5,098 |
19,260 |
18,086
|
| 3 |
Profit/(loss) for the period |
1,379
|
3,473 |
14,129 |
12,193
|
| 4 |
Profit/(loss) attributable to ordinary equity holders of the parent |
1,088
|
3,477 |
10,279 |
12,197
|
| 5 |
Basic earnings/(loss) per share (Subunit) |
0.75
|
2.40 |
7.12 |
9.18
|
| 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 ($$) |
0.8100
|
0.7400
|
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country |
Base Unit |
Subunit |
| Malaysia |
Ringgit |
Sen |
| United States |
Dollar |
Cent |
| United Kingdom |
Pound |
Pence |
Author: admin | Filed under: Financial Reports
Author: admin | Filed under: Announcement
| Financial Year End |
30 Jun 2024 |
| Quarter |
3 Qtr |
| Quarterly report for the financial period ended |
31 Mar 2024 |
| The figures |
have not been audited |
Attachments :
MESB2024 3QTR NOTE MESB2024 3QTR REPORT
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2024 |
| |
INDIVIDUAL PERIOD |
CUMULATIVE PERIOD |
| CURRENT YEAR QUARTER |
PRECEDING YEAR
CORRESPONDING
QUARTER |
CURRENT YEAR TO DATE |
PRECEDING YEAR
CORRESPONDING
PERIOD |
| 31 Mar 2024 |
31 Mar 2023 |
31 Mar 2024 |
31 Mar 2023 |
|
|
|
|
| $$’000 |
$$’000 |
$$’000 |
$$’000 |
| 1 |
Revenue |
62,679 |
43,783 |
145,087 |
118,322 |
| 2 |
Profit/(loss) before tax |
10,957 |
5,608 |
17,289 |
13,460 |
| 3 |
Profit/(loss) for the period |
8,469 |
4,151 |
12,748 |
9,018 |
| 4 |
Profit/(loss) attributable to ordinary equity holders of the parent |
5,697 |
4,151 |
9,189 |
9,018 |
| 5 |
Basic earnings/(loss) per share (Subunit) |
3.95 |
2.88 |
6.37 |
6.99 |
| 6 |
Proposed/Declared dividend per share (Subunit) |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
AS AT END OF CURRENT QUARTER |
AS AT PRECEDING FINANCIAL YEAR END |
| 7 |
Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.8000 |
0.7400 |
Author: admin | Filed under: Financial Reports
| Date of change |
01 Mar 2024 |
| Name |
DR NORHANIM BINTI MAT SARI |
| Age |
54 |
| Gender |
Female |
| Nationality |
Malaysia |
| Designation |
Independent Director |
| Directorate |
Independent and Non Executive |
| Type of change |
Appointment |
Qualifications
| No |
Qualifications |
Major/Field of Study |
Institute/University |
Additional Information |
| 1 |
Professional Qualification |
Chartered Islamic Finance Professional (CIFP) Part 1 |
International Centre for Education in Islamic Finance (INCEIF), Kuala Lumpur, Malaysia |
|
| 2 |
Doctorate |
Islamic Finance |
INCEIF |
|
| 3 |
Masters |
Oil and Gas Management (Project Financing) |
University of Dundee, Scotland, United Kingdom |
|
| 4 |
Degree |
Bachelor of Business Administration (Finance) |
Western Michigan University, United States of America |
|
| 5 |
Diploma |
Business Studies |
Universiti Teknologi Mara (UiTM), Malaysia |
|
| Working experience and occupation |
Dr. Norhanim Binti Mat Sari started her career in 1994 as a Bank Officer at Malayan Banking Berhad.
She had subsequently moved to lecturing field and became lecturer in various universities/schools that specializes in Financial Management, Risk Management, Islamic Banking and Finance, Corporate Finance, Investment Analysis between the period from 1998 to 2022. Her last held position was the Assistant Professor at Heriot-Watt University Malaysia (HWUM), Putrajaya. Prior to that, she was the Senior Lecturer at Putra Business School, Serdang and Universiti Malaya. |
| Directorships in public companies and listed issuers (if any) |
Nil |
| Family relationship with any director and/or major shareholder of the listed issuer |
Nil |
| 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 |
Nil |
Author: admin | Filed under: Investor Presentation
| Financial Year End |
30 Jun 2024 |
| Quarter |
2 Qtr |
| Quarterly report for the financial period ended |
31 Dec 2023 |
| The figures |
have not been audited |
Attachments :
MESB2024 2QTR NOTE MESB2024 2QTR REPORT
|
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2023
|
| |
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD |
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING
QUARTER |
CURRENT YEAR TO DATE |
PRECEDING YEAR
CORRESPONDING
PERIOD
|
|
31 Dec 2023
|
31 Dec 2022 |
31 Dec 2023 |
31 Dec 2022
|
|
|
|
|
| $$’000 |
$$’000 |
$$’000 |
$$’000
|
| 1 |
Revenue |
48,893
|
45,073 |
82,407 |
74,539
|
| 2 |
Profit/(loss) before tax |
5,725
|
5,957 |
6,332 |
7,852
|
| 3 |
Profit/(loss) for the period |
3,996
|
4,683 |
4,279 |
4,867
|
| 4 |
Profit/(loss) attributable to ordinary equity holders of the parent |
2,899
|
4,683 |
3,491 |
4,867
|
| 5 |
Basic earnings/(loss) per share (Subunit) |
2.01
|
3.70 |
2.42 |
4.00
|
| 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 ($$) |
0.7600
|
0.7400
|
Author: admin | Filed under: Investor Presentation
| Type of Meeting |
General |
| Indicator |
Outcome of Meeting |
| Date of Meeting |
06 Dec 2023 |
| Time |
03:00 PM |
| Venue(s) |
Online platform at https://www.dvote.my
(Domain registration number with MYNIC: D6A434007)
Malaysia |
| Outcome of Meeting |
The Board of Directors of MESB Berhad (“the Company”) wishes to announce that all the resolutions under Ordinary and Special Businesses as prescribed in the Notice of Twenty-Eighth Annual General Meeting (“28th AGM”) of the Company dated 31 October 2023 were duly passed by the shareholders of the Company by way of poll via remote participation and voting at the 28th AGM of the Company held on Wednesday, 6 December 2023.
The result of the poll was validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.
The Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of the Directors and Auditors thereon were received and duly tabled at the 28th AGM of the Company under Agenda 1.
Please refer to the attachment for the details of the outcome.
This announcement is dated 6 December 2023. |
| Voting Results |
|
| 1. Ordinary Resolution 1 |
| Description |
To approve the payment of Directors’ fees for the financial year ended 30 June 2023. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
35 |
9 |
| No. of Shares |
58,010,492 |
68,277 |
| % of Voted Shares |
99.8824 |
0.1176 |
| Result |
Accepted |
| 2. Ordinary Resolution 2 |
| Description |
To approve the payment of Directors’ fees for the financial year ending 30 June 2024, to be paid quarterly in arrears. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
34 |
11 |
| No. of Shares |
58,310,341 |
68,428 |
| % of Voted Shares |
99.8828 |
0.1172 |
| Result |
Accepted |
|
|
| 3. Ordinary Resolution 3 |
| Description |
To approve the payment of Directors’ benefits (other than Directors’ fees) of up to RM65,000 for the period commencing from the date immediately after this 28th AGM until the date of the next Annual General Meeting of the Company. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
34 |
11 |
| No. of Shares |
58,020,341 |
58,428 |
| % of Voted Shares |
99.8994 |
0.1006 |
| Result |
Accepted |
|
|
| 4. Ordinary Resolution 4 |
| Description |
To re-elect Mr. Chua Jin Kau who retires pursuant to Clause 97 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
41 |
4 |
| No. of Shares |
58,333,617 |
45,152 |
| % of Voted Shares |
99.9227 |
0.0773 |
| Result |
Accepted |
|
|
| 5. Ordinary Resolution 5 |
| Description |
To re-elect Mr. Loke Lee Ping who retires pursuant to Clause 97 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
41 |
4 |
| No. of Shares |
58,333,617 |
45,152 |
| % of Voted Shares |
99.9227 |
0.0773 |
| Result |
Accepted |
|
|
| 6. Ordinary Resolution 6 |
| Description |
To re-elect Ms. Low Koon Min who retires pursuant to Clause 104 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
41 |
4 |
| No. of Shares |
58,333,617 |
45,152 |
| % of Voted Shares |
99.9227 |
0.0773 |
| Result |
Accepted |
|
|
| 7. Ordinary Resolution 7 |
| Description |
To re-appoint Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
43 |
2 |
| No. of Shares |
58,378,530 |
239 |
| % of Voted Shares |
99.9996 |
0.0004 |
| Result |
Accepted |
|
|
| 8. Ordinary Resolution 8 |
| Description |
To approve the general authority for the Directors to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
37 |
8 |
| No. of Shares |
58,330,456 |
48,313 |
| % of Voted Shares |
99.9172 |
0.0828 |
| Result |
Accepted |
|
|
| 9. Ordinary Resolution 9 |
| Description |
To approve the Proposed Renewal of Existing Shareholders Mandate and Proposed New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
| Shareholder’s Action |
For Voting |
| Voted |
For |
Against |
| No. of Shareholders |
31 |
7 |
| No. of Shares |
13,817,758 |
48,312 |
| % of Voted Shares |
99.6516 |
0.3484 |
| Result |
Accepted |
Attachment :
MESB Berhad-Poll Result
Author: admin | Filed under: Annual General Meeting
| Type |
Announcement |
| Subject |
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS |
| Description |
MESB BERHAD (“MESB” OR “COMPANY”)
PROPOSED DISPOSALS |
For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 22 September 2022 in relation to the Proposals.)
We refer to the Company’s announcement dated 22 September 2022 and its subsequent announcements in relation to the Proposals.
On behalf of the Board, KAF IB wishes to announce that the Company and the Purchaser had exchanged the letters dated 1 December 2023 with the Purchaser to extend the expiry of the Disposal SSA Second Conditional Period from 16 December 2023 to 16 June 2024.
Saved for the above, all other terms of the Disposal SSA shall remain the same.
This announcement is dated 1 December 2023.
Author: admin | Filed under: Announcement
| Financial Year End |
30 Jun 2024 |
| Quarter |
1 Qtr |
| Quarterly report for the financial period ended |
30 Sep 2023 |
| The figures |
have not been audited |
Attachment :
MESB2024 1QTR NOTE MESB2024 1QTR REPORT
|
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2023
|
| |
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD |
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING
QUARTER |
CURRENT YEAR TO DATE |
PRECEDING YEAR
CORRESPONDING
PERIOD
|
| 30 Sep 2023 |
30 Sep 2022 |
30 Sep 2023 |
30 Sep 2022
|
|
|
|
|
|
$$’000
|
$$’000 |
$$’000 |
$$’000
|
| 1 |
Revenue |
33,514
|
29,466 |
33,514 |
29,466
|
| 2 |
Profit/(loss) before tax |
607
|
1,895 |
607 |
1,895
|
| 3 |
Profit/(loss) for the period |
284
|
184 |
284 |
184
|
| 4 |
Profit/(loss) attributable to ordinary equity holders of the parent |
594
|
184 |
594 |
184
|
| 5 |
Basic earnings/(loss) per share (Subunit) |
0.41
|
0.16 |
0.41 |
0.16
|
| 6 |
Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00 |
0.00 |
0.00
|
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
| 7 |
Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.7400
|
0.7400
|
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country |
Base Unit
|
Subunit
|
| Malaysia |
Ringgit
|
Sen
|
| United States |
Dollar
|
Cent
|
| United Kingdom |
Pound
|
Pence
|
Author: admin | Filed under: Financial Reports
Author: admin | Filed under: Annual General Meeting
Author: admin | Filed under: Annual Reports
| Type of Meeting |
General |
| Indicator |
Notice of Meeting |
| Description |
MESB BERHAD (“MESB” OR “THE COMPANY”)
– NOTICE OF TWENTY-EIGHTH ANNUAL GENERAL MEETING (“28TH AGM”)
(The 28th AGM will be conducted on fully virtual basis and entirely via remote participation and electronic voting through an online meeting platform) |
| Date of Meeting |
06 Dec 2023 |
| Time |
03:00 PM |
| Venue(s) |
Online platform at https://www.dvote.my
(Domain registration number with MYNIC: D6A434007)
Malaysia |
| Date of General Meeting Record of Depositors |
29 Nov 2023 |
| Resolutions |
|
| 1. For Information |
| Description |
To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of the Directors and Auditors thereon. |
| Shareholder’s Action |
For Information Only |
|
| 2. Ordinary Resolution 1 |
| Description |
To approve the payment of Directors’ fees for the financial year ended 30 June 2023. |
| Shareholder’s Action |
For Voting |
|
| 3. Ordinary Resolution 2 |
| Description |
To approve the payment of Directors’ fees for the financial year ending 30 June 2024, to be paid quarterly in arrears. |
| Shareholder’s Action |
For Voting |
|
| 4. Ordinary Resolution 3 |
| Description |
To approve the payment of Directors’ benefits (other than Directors’ fees) of up to RM65,000 for the period commencing from the date immediately after this 28th AGM until the date of the next Annual General Meeting of the Company. |
| Shareholder’s Action |
For Voting |
|
| 5. Ordinary Resolution 4 |
| Description |
To re-elect Mr. Chua Jin Kau who retires pursuant to Clause 97 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
|
| 6. Ordinary Resolution 5 |
| Description |
To re-elect Mr. Loke Lee Ping who retires pursuant to Clause 97 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
|
| 7. Ordinary Resolution 6 |
| Description |
To re-elect Ms. Low Koon Min who retires pursuant to Clause 104 of the Constitution of the Company. |
| Shareholder’s Action |
For Voting |
|
| 8. Ordinary Resolution 7 |
| Description |
To re-appoint Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting of the Company and to authorise the Directors to fix their remuneration. |
| Shareholder’s Action |
For Voting |
|
| 9. Ordinary Resolution 8 |
| Description |
To approve the general authority for the Directors to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016. |
| Shareholder’s Action |
For Voting |
|
| 10. Ordinary Resolution 9 |
| Description |
To approve the Proposed Renewal of Existing Shareholders Mandate and Proposed New Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature. |
| Shareholder’s Action |
For Voting |
|
Please refer attachment below.
MESB Berhad – AGM Notice – Administrative Notes 2023
Author: admin | Filed under: Annual General Meeting
| Type |
Announcement |
| Subject |
OTHERS |
| Description |
MESB BERHAD (“MESB” OR “THE COMPANY”)
– PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE AND PROPOSED NEW SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE |
The Board of Directors of MESB wishes to inform that MESB intends to seek its shareholders’ approval for the Proposed Renewal of Existing Shareholders’ Mandate and Proposed New Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature (“Proposed Shareholders’ Mandate”) at the forthcoming Twenty-Eighth Annual General Meeting of the Company.
The Circular to Shareholders containing details of the aforesaid Proposed Shareholders’ Mandate will be announced and published on the Company’s website in due course.
his announcement is dated 30 October 2023.
Author: admin | Filed under: Announcement
Author: admin | Filed under: Investor Presentation
Author: admin | Filed under: Investor Presentation
Author: admin | Filed under: Investor Presentation
| Financial Year End |
30 Jun 2023 |
| Quarter |
4 Qtr |
| Quarterly report for the financial period ended |
30 Jun 2023 |
| The figures |
have not been audited |
Attachments :
MESB2023 4QTR NOTE MESB2023 4QTR REPORT
|
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2023
|
| |
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING
QUARTER |
CURRENT YEAR TO DATE |
PRECEDING YEAR
CORRESPONDING
PERIOD
|
|
30 Jun 2023
|
30 Jun 2022 |
30 Jun 2023 |
30 Jun 2022
|
|
|
|
|
|
$$’000
|
$$’000 |
$$’000 |
$$’000
|
| 1 |
Revenue |
41,065
|
52,704 |
159,182 |
158,476
|
| 2 |
Profit/(loss) before tax |
5,537
|
8,902 |
18,696 |
22,870
|
| 3 |
Profit/(loss) for the period |
3,332
|
-4,741 |
12,050 |
6,667
|
| 4 |
Profit/(loss) attributable to ordinary equity holders of the parent |
3,336
|
-4,741 |
12,054 |
6,667
|
| 5 |
Basic earnings/(loss) per share (Subunit) |
2.31
|
-4.26 |
9.07 |
6.13
|
| 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 ($$) |
0.7400
|
0.8000
|
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country |
Base Unit |
Subunit |
| Malaysia |
Ringgit |
Sen |
| United States |
Dollar |
Cent |
| United Kingdom |
Pound |
Pence |
Author: admin | Filed under: Investor Presentation
| Type |
Announcement |
| Subject |
MULTIPLE PROPOSALS |
| Description |
MESB BERHAD (“MESB” OR “COMPANY”)
(I) PROPOSED DISPOSALS; AND
(II) PROPOSED ACQUISITIONS
(COLLECTIVELY REFERRED TO AS “PROPOSALS”) |
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 22 September 2022 in relation to the Proposals.)
We refer to the Company’s announcement dated 22 September 2022 and its subsequent announcements in relation to the Proposals.
On behalf of the Board, KAF IB wishes to announce that the Proposed Acquisitions and the disposals of the First Tranche Sale Shares have been completed today in accordance with the terms and conditions of the Acquisition SSA and Disposal SSA respectively.
This announcement is dated 16 June 2023.
Author: admin | Filed under: Investor Presentation
Author: admin | Filed under: Announcement
| Financial Year End |
30 Jun 2023 |
| Quarter |
3 Qtr |
| Quarterly report for the financial period ended |
31 Mar 2023 |
| The figures |
have not been audited |
Attachments :
MESB2023 3QTR REPORT MESB2023 3QTR NOTE
|
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2023
|
| |
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD |
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING
QUARTER |
CURRENT YEAR TO DATE |
PRECEDING YEAR
CORRESPONDING
PERIOD
|
|
31 Mar 2023
|
31 Mar 2022 |
31 Mar 2023 |
31 Mar 2022
|
|
|
|
|
| $$’000 |
$$’000 |
$$’000 |
$$’000
|
| 1 |
Revenue |
43,783
|
46,131 |
118,322 |
106,182
|
| 2 |
Profit/(loss) before tax |
5,475
|
7,235 |
12,988 |
13,921
|
| 3 |
Profit/(loss) for the period |
4,174
|
6,414 |
8,720 |
11,408
|
| 4 |
Profit/(loss) attributable to ordinary equity holders of the parent |
4,174
|
6,414 |
8,720 |
11,408
|
| 5 |
Basic earnings/(loss) per share (Subunit) |
2.89
|
5.92 |
6.76 |
10.56
|
| 6 |
Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00 |
0.00 |
0.00
|
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
| 7 |
Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.7500
|
0.8000
|
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country |
Base Unit |
Subunit |
| Malaysia |
Ringgit |
Sen |
| United States |
Dollar |
Cent |
| United Kingdom |
Pound |
Pence |
Author: admin | Filed under: Financial Reports
| Type |
Announcement |
| Subject |
MULTIPLE PROPOSALS |
| Description |
MESB BERHAD (“MESB” OR “COMPANY”)
(I) PROPOSED DISPOSALS; AND
(II) PROPOSED ACQUISITIONS
(COLLECTIVELY REFERRED TO AS “PROPOSALS”) |
| (For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 22 September 2022 in relation to the Proposals.)
We refer to the Company’s announcement dated 22 September 2022 and its subsequent announcements in relation to the Proposals.
On behalf of the Board, KAF IB wishes to announce that the Company had exchanged the letters dated 15 March 2023 with the Purchaser and Vendors to extend the Disposal SSA First Conditional Period and Acquisition SSA Conditional Period from 21 March 2023 to 30 June 2023 respectively.
Saved for the above, all other terms of the Disposal SSA and Acquisition SSA shall remain the same.
This announcement is dated 15 March 2023. |
Author: admin | Filed under: Investor Presentation
| Financial Year End |
30 Jun 2023 |
| Quarter |
2 Qtr |
| Quarterly report for the financial period ended |
31 Dec 2022 |
| The figures |
have not been audited |
Attachments:
MESB2023 2QTR REPORT MESB2023 2QTR NOTE
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2022 |
| |
INDIVIDUAL PERIOD |
CUMULATIVE PERIOD |
| CURRENT YEAR QUARTER |
PRECEDING YEAR
CORRESPONDING
QUARTER |
CURRENT YEAR TO DATE |
PRECEDING YEAR
CORRESPONDING
PERIOD |
| 31 Dec 2022 |
31 Dec 2021 |
31 Dec 2022 |
31 Dec 2021 |
|
|
|
|
| $$’000 |
$$’000 |
$$’000 |
$$’000 |
| 1 |
Revenue |
55,262 |
61,922 |
91,010 |
73,194 |
| 2 |
Profit/(loss) before tax |
6,902 |
10,340 |
7,277 |
7,311 |
| 3 |
Profit/(loss) for the period |
4,607 |
8,132 |
4,545 |
4,993 |
| 4 |
Profit/(loss) attributable to ordinary equity holders of the parent |
4,607 |
8,132 |
4,545 |
4,993 |
| 5 |
Basic earnings/(loss) per share (Subunit) |
3.64 |
7.51 |
3.74 |
4.63 |
| 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 ($$) |
0.7300 |
0.8000 |
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country |
Base Unit |
Subunit |
| Malaysia |
Ringgit |
Sen |
| United States |
Dollar |
Cent |
| United Kingdom |
Pound |
Pence |
Author: admin | Filed under: Financial Reports
| Date of change |
20 Feb 2023 |
| Name |
MISS LOW KOON MIN |
| Age |
52 |
| Gender |
Female |
| Nationality |
Malaysia |
| Type of change |
Appointment |
| Designation |
Chairman of Audit Committee |
| Directorate |
Independent and Non Executive |
| Composition of Audit Committee (Name and Directorate of members after change) |
The composition of the Audit and Risk Management Committee is as follows:-
1. Low Koon Min (Chairperson – Independent Non-Executive Director)
2. Datuk Wong Sak Kuan (Member – Non-Independent Non-Executive Director)
3. Lee Kok Heng (Member – Independent Non-Executive Director) |
Author: admin | Filed under: Investor Presentation
