【CCB 2925 交流专区】合发吉星

icy97

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018a

		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	388,582	352,727	388,582	352,727
2	Profit/(loss) before tax	-2,682	780	-2,682	780
3	Profit/(loss) for the period	-2,689	312	-2,689	312
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,689	312	-2,689	312
5	Basic earnings/(loss) per share (Subunit)	-2.67	0.31	-2.67	0.31
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.6631		2.6898

icy97

合发吉星未来3年　1.5亿翻新展销店

財经 最后更新 2018年04月23日 23时33分 • 报导：傅採杏
（吉隆坡23日讯）2017財政年陷入亏损的合发吉星（CCB，2925，主板贸服股）计划在未来3年拨出1亿5500万令吉资本开销，主要用于翻新现有展销店。

该公司首席执行员符思仁在今日的股东大会后对记者表示，「翻新展销店是我们的首要任务，我们也將加强人员培训和提升运营系统，相信这將有助於提高每间展销店的盈利。」

他续称，「我们是全马最大的马赛地经销商，销售和售后服务网点遍佈大马中部、北部和南部。我们將藉著强大的网络来改善业绩表现。」

此外，该公司將在吉隆坡新街场设立新的3S经销店面，这將是该公司的第14间展销店。

虽然公司发出占缴足资本不超过10%新股的议案，已在今日的会议上获股东的同意，但公司主席普雷斯顿指出，目前尚未有发股集资的计划。

他称，「上述1亿5500万令吉的资本开销將来自內部资金和银行贷款。」

截至2018年3月31日，该公司凈现金为5258万令吉。

该公司的凈负债从去年杪的2亿1630万令吉，下降至截至今年3月31日的1亿7740万令吉。

虽然马赛地汽车销量在2017年提高了2%，至1万2000各辆，但合发吉星的马赛地销量却下跌10.20%，至4400辆。

该公司在2017財政年蒙受1250万令吉净亏损；营业额则下滑4.45%，至14亿2012万令吉。毛利赚幅从2016年的8.8%，下降至6.8%，归咎於卖出了更多较低价低赚幅汽车， 及更激烈的竞爭。该公司没有派发任何股息。

合发吉星今日公佈2018財政年首季（截至3月31日止）业绩，蒙受269万令吉亏损，前期净赚31万令吉。

营业额则按年提高10.17%，至3亿8858万令吉，前期为3亿5273万令吉。

首季，该公司从保险公司获得90万令吉的水灾理赔。去年5月份走马上任的符思仁之前是大马雀巢冷冻乳品部门首席营运员，在快消品销售方面有多年的经验。

现年40岁的他被小股东寄以厚望，希望带领公司走出亏损泥沼。

询及2018財政年能否转亏为盈，符思仁不愿作出预测，仅称，「改善运营和盈利一直是我们努力的方向。」普雷斯顿也补充，「我们希望尽快转亏为盈。」

无意多元化业务

一名不愿具名的小股东透露，儘管面临严峻的市场环境和激烈的竞爭，但合发吉星没有打算多元化业务，也不打算为除了马赛地之外的其他车款提供售后服务，这是因为该公司「希望能够提供紧跟国际標准，不希望分散精力。」

售后服务占该公司2017財政年营业额4.2%，服务的车辆数量按年提高16%，至约7万2000辆。2 0 1 7財政年，合发吉星自大马马赛地（M e r c e d e s B e n zMalaysia，简称MBM）获得1120万令吉的股息收入。若排除这部份收入，该公司的净亏损將达到2369万9000令吉。【东方网财经】

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Type	Announcement
Subject	OTHERS
Description	Appointment of Interim Chief Financial Officer
Cycle & Carriage Bintang Berhad (the “Company”) wishes to announce that its Chief Financial Officer (“CFO”), Ms. Wan Qian-Wen (“Ms. Wan”), will be going on an approved leave of absence from 4 August 2018 to 28 February 2019, inclusive of maternity leave. During her absence, the duties and responsibilities of the CFO will be placed in the hands of Mr. Kumaraguru Nadaysen (“Mr. Nadaysen”), as interim CFO. Ms. Wan will resume her duties and responsibilities as the CFO following her 7 months’ leave. Mr. Nadaysen holds a Master of Business Administration, Strategic Management from the University of Canterbury and is a member of the Chartered Institute of Management Accountants. He was most recently the Finance Director of PT Serasi Autoraya, and had previously held roles as finance director and head of internal audit in companies based in Malaysia and Indonesia. Mr. Nadaysen has no directorship in public companies and the Company. He has no family relationship with any director and/or major shareholder of the Company. He has no conflict of interests with the Company, as well as any interest in the securities of the Company or its subsidiaries.

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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	395,808	355,435	784,390	708,162
2	Profit/(loss) before tax	20,844	9,042	18,162	9,822
3	Profit/(loss) for the period	17,998	8,961	15,309	9,273
4	Profit/(loss) attributable to ordinary equity holders of the parent	17,998	8,961	15,309	9,273
5	Basic earnings/(loss) per share (Subunit)	17.86	8.89	15.20	9.20
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.8418		2.6898

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业绩激励股价冲高　CCB赚幅承压前景谨慎

財经 最后更新 2018年07月24日 20时31分
（吉隆坡24日讯）虽然合发吉星（CCB，2925，主板贸服股）2018財政年上半年的营业额和净利皆按年上扬，惟仍面对净利赚幅下滑的压力，因此分析员谨慎看待该公司的前景。

合发吉星周一（24日）公佈2018財政年第2季暨上半年业绩，较高的汽车销售令上半年的累积营业额按年上涨11%，但营运成本增加却使核心净利按年滑落33%。

不过，该公司持股49%的大马马赛地（Mercedes-Benz）所带来的1120万令吉股息收入，抵消了上半年业绩所遭受的衝击。合发吉星的股价也因此受激励，今天盘中一度急升28仙或14.74%，至全天最高的2.18令吉。

之后该股收窄涨幅，全天起15仙或7.90%，至2.05令吉，成交量是24万股，並成为全场第15大上升股。


艾芬黄氏资本分析员表示，合发吉星2018財政年上半年的核心净利按年急挫33%，至620万令吉。因同期的扣除利息、税项、折旧及摊销前盈利（EBITDA）赚幅按年下降0.3%。

同时，该分析员指出，营运环境充满挑战和较高的营运成本，持续影响该公司的赚幅。马赛地代理之间的竞爭激烈，以及偏向卖出低赚幅的车款，压缩了其盈利赚幅。

「整体来说，合发吉星的业绩表现不符我们的预期，主要是EBITDA赚幅比预期疲弱。」

无论如何，他强调，该公司的次季核心净利是890万令吉，首季是蒙受270万令吉净亏损。这得利於大马马赛地派发的1120万令吉股息、营业额增升2%，以及EBITDA赚幅略升0.7%。

展望將来，分析员指出，大马马赛地希望今年销量超越2017年的1万2000辆，並且计划下半年推出5个新车款。但合发吉星的前景仍充满挑战。

由於营运成本偏高和盈利赚幅下滑，他將该公司2018至2020財政年的净利预测，分別下修9%至20%。

艾芬黄氏资本维持合发吉星「守住」评级和1.95令吉目標价。【东方网财经】

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Date of change	08 Oct 2018
Name	DATUK SYED ZAID BIN SYED JAFFAR ALBAR
Age	64
Gender	Male
Nationality	Malaysia
Designation	Director
Directorate	Independent and Non Executive
Type of change	Resignation
Reason	To take up appointment as the Chairman of Securities Commission effective from 1 November 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	427,211	331,613	1,211,601	1,039,775
2	Profit/(loss) before tax	4,944	-4,138	23,106	5,684
3	Profit/(loss) for the period	3,997	-3,256	19,306	6,017
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,997	-3,256	19,306	6,017
5	Basic earnings/(loss) per share (Subunit)	3.97	-3.23	19.16	5.97
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.8815		2.6898

icy97

李文龙．为他人作嫁衣
http://www.sinchew.com.my/node/1820334/

icy97

戴姆勒行使选择权　合发吉星售马赛地49%
財经 最后更新 2018年12月3日 18时51分
http://www.orientaldaily.com.my/s/269985

（吉隆坡3日讯）合发吉星（CCB，2925，主板消费股）宣布，以6600万令吉出售手上持有的大马马赛地（MBM）49%股权股予德国戴姆勒集团（Daimler AG）。此后，合发吉星將不再享有大马马赛地派发的股息收入，以49%股权计算，后者最新一次派发的股息达1120万令吉。

根据合发吉星与戴姆勒集团过往针对大马区的马赛地（Mercedes-Benz）產品分销重组协议，戴姆勒集团享有一项选择权，即从2013年开始，有权要求以每股1令吉的价格，收购合发吉星持有的大马马赛地6600万股，相当于49%股权。以汽车销量计算，戴姆勒集团是全球第13大汽车企业，旗下品牌包括马赛地，並持有大马马赛地的其余51%股权。

合发吉星的文告指出， 于上周五（1 1月3 0日）接获戴姆勒集团的通知书，后者行使上述选择权，因此双方启动相关交易，预计將于1年內完成。

虽然脱售大马马赛地股权將让合发吉星失去前者派发的股息收入，但合发吉星將继续分销马赛地汽车与相关產品。

失去股息收入

目前，该公司仍是国內最大的马赛地分销商，在全国设有13间销售与售后服务分店。

由于合发吉星在2003年为上述股权投下的成本也是6600万令吉，所以这项股权买卖不会为该公司带来任何盈利或损失。该公司计划把脱售所得充作营运资本、用于偿还银行债务、扩充销售网络及作为其他开销。

无论如何， 在失去股息收入来源后，合发吉星的业绩表现料將进一步受挫。

以该公司净亏1247万令吉的2017財政年（去年12月31日结账）为例，排除掉股息收入后，该公司的亏损將扩大至2370万令吉，以此类推。

合发吉星与马赛地在本地有长达50年的合作关係，並且曾是后者在大马的独家分销商。

不过，从2003年开始，该公司便失去这项独家分销权，而必须面对其它分销商如合成统一（HAPSENG，3034，主板工业股）带来的激烈竞爭。

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	CYCLE & CARRIAGE BINTANG BERHADPROPOSED DISPOSAL OF 49.00% EQUITY INTEREST IN MERCEDES-BENZ MALAYSIA SDN BHD TO DAIMLER AG ON 30 NOVEMBER 2019 FOLLOWING THE EXERCISE OF DAIMLER AG'S CALL OPTION UNDER THE AGREEMENT ON THE RESTRUCTURING OF THE DISTRIBUTION OF MERCEDES-BENZ PRODUCTS IN MALAYSIA
The Board of Directors of Cycle & Carriage Bintang Berhad (“Company”) wishes to announce that it had, on 30 November 2018 (“Exercise Date”) received a letter from Daimler AG (“DAG”) exercising their call option over 66,003,000 shares (“MBM Shares”) of Mercedes-Benz Malaysia Sdn Bhd (“MBM”) currently held by the Company. Pursuant to the exercise of such call option, the Company will be obliged to sell the MBM Shares to DAG (or such persons as DAG may nominate) (the “Disposal”) for a consideration of RM66,003,000. Completion of the Disposal will take place 12 months from the Exercise Date. Upon completion, CCB will cease to hold any shares in MBM. The Announcement and Press Release dated 3 December 2018 in relation to the above are attached hereto. This announcement is dated 3 December 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5994009

Attachments CCB - Ann in relation to Disposal of 49 percent equity interest in MBM.pdf Press Release - Disposal of 49 percent equity interest in MBM by CCB to DAG (Fi....pdf

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售马赛地失股息收入　合发吉星盈利看淡
財经 最后更新 2018年12月4日 21时57分
http://www.orientaldaily.com.my/s/270150

（吉隆坡4日讯）隨著合发吉星（CCB，2925）出售大马马赛地（MBM）的49%股权，未来將失去丰厚的股息收入，分析员因而看淡其盈利前景，合发吉星周一宣布，以6600万令吉將大马马赛地的49%股权售予德国戴姆勒集团（Daimler AG）。

该公司当初与戴姆勒签署大马马赛地的分销重组协议时，给戴姆勒选择权，可以每股1令吉收购马赛地的49%股权。

艾芬黄氏资本分析员指出，合发吉星脱售大马马赛地之后，所得到的资金將充作营运资金和偿还债务。

同时， 该公司每年將失去总值1120万令吉的股息。这佔其2017財政年全年核心净利的118%。

合发吉星仍然是马赛地的主要代理商，並且在半岛拥有最大的分销网络。

不过，分析员指出，合发吉星的获利能力將面临2大挑战，也就是本地马赛地分销商之间的竞爭日益激烈，以及须承担较高的资本开销及营运开支。

「资本开销主要来自于建设吉隆坡新街场3S经销店面的成本，而营运开销包括员工薪资、行销与促销开支。」

惟，分析员称，该公司近期转向出售赚幅较高的车款，或有望提升其利赚幅。

隨著合发吉星脱售大马马赛地，进而失去丰厚的股息收入，分析员將其2019及2020財政年的每股盈利预测分別大砍38%及57%。由于营运前景挑战重重，艾芬黄氏资本將合发吉星的投资评级从「守住」下调至「卖出」，目標价从2令吉降至1.48令吉。

icy97

合发吉星派定心丸　2招弥补盈利空缺
財经 最后更新 2018年12月7日 21时25分
http://www.orientaldaily.com.my/s/270536

（吉隆坡7日讯）合发吉星（CCB，2925）首席执行员符思仁今日派定心丸表示，该公司將通过提升营运效率和改善客户关係，提振其业务表现，来弥补失去大马马赛地（MBM）的股息，造成的盈利空缺。

合发吉星在週五（11月30日）接获戴姆勒集团的通知书，將以6600万令吉向合发吉星买回所持有的大马马赛地6600万股，相等於49%股权，合发吉星在脱售股权之后，將不再享有大马马赛地派发的股息。

市场关注该公司如何填补失去股息收入的缺口，符思仁受询时表示，虽然失去股息收入，但该公司还有许多可填补收入空缺的方式，並表示该公司打算通过提升效率和改善客户关係，提振业务收入，而公司第3季业绩也证明了，在这方面的努力带来了成效，方向正確。

该公司在2018財政年第3季（截至9月30日止）转亏为盈，取得约400万令吉的净利，营业额也按年成长28.83%，至4亿2721万令吉。

首9个月的净利翻倍成长，至1931万令吉，9个月的营业额达12亿1160万令吉，较去年同期成长16.53%。

他进一步说明，「我们將透过提升公司的人力资源，系统和基础建设，以达到提升营运效率的目標。」

至於如何运用脱售所得资金，他表示，相关交易需时约1年完成，届时，该公司计划把脱售所得用作营运资本，扩充销售网络以及偿还银行贷款。

翻新3展销店

另外，他也透露，「公司近期已投资6000万令吉用於翻新旗下3间大型展销店，分別位於怡保、柔佛和珍珠白沙罗。展望未来，我们將持续寻找扩充业务的机会，惟目前无法透露更多详情。」

符思仁对高档汽车的前景持乐观態度，並披露，「大马豪华汽车的销量在过去几年皆录得强劲增长，因此我相当看好本地高档汽车领域前景。」

他在大马马赛地Star Mobile推介礼后接受记者採访时，如是指出。

出席推介礼的包括大马马赛地售后服务部总经理林德兴和零件销售和营销客户服务部总经理陆美彦。

他称，Star Mobile是一项专为大马马赛地顾客而设的维修服务，包括上门定期维修服务、更换刮水器、钥匙电池或红外线以及电池，以减少顾客需亲临服务中心的麻烦。

「我们希望为顾客提供更优质和便利的服务，以建立一个与竞爭对手不同的品牌形象。」

他接著说道，「Star Mobile目前將由2名专业的技术人员负责，將在巴生谷进行试点项目。」

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	301,695	380,344	1,513,296	1,420,119
2	Profit/(loss) before tax	5,121	-22,745	28,227	-17,061
3	Profit/(loss) for the period	3,013	-18,487	22,319	-12,470
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,013	-18,487	22,319	-12,470
5	Basic earnings/(loss) per share (Subunit)	2.99	-18.35	22.15	-12.38
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.9114		2.6898

icy97

Date of change	30 Apr 2019
Name	MR HASLAM GREY PREESTON
Age	42
Gender	Male
Nationality	Australia
Designation	Chairman
Directorate	Non Independent and Non Executive
Type of change	Resignation
Reason	As part of the Group's succession planning.

icy97

Date of change	01 May 2019
Name	MR CHAN TZE CHOONG ERIC
Age	49
Gender	Male
Nationality	Singapore
Designation	Chairman
Directorate	Non Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Arts	National University ofSingapore
2	Others	Executive Programme	London Business School
3	Others	Executive Programme	IMD Business School of Management

Working experience and occupation

1) 2012 - present : Managing Director, Cycle & Carriage Singapore2) 2010 - 2012 : Chief Operating Officer - Cycle & Carriage Industries Pte Ltd 3) 2009 - 2010 : Director - Cycle & Carriage Industries Pte Ltd (Mercedes-Benz operations)4) 2006 - 2009 : General Manager - Cycle & Carriage Industries Pte Ltd (Mercedes-Benz operations)

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	293,187	388,582	293,187	388,582
2	Profit/(loss) before tax	-5,435	-3,337	-5,435	-3,337
3	Profit/(loss) for the period	-4,363	-3,187	-4,363	-3,187
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,363	-3,187	-4,363	-3,187
5	Basic earnings/(loss) per share (Subunit)	-4.33	-3.16	-4.33	-3.16
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 ($$)	2.8182		2.8615

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	310,482	395,808	603,669	784,390
2	Profit/(loss) before tax	-2,943	20,194	-8,378	16,857
3	Profit/(loss) for the period	-346	17,504	-4,709	14,317
4	Profit/(loss) attributable to ordinary equity holders of the parent	-346	17,504	-4,709	14,317
5	Basic earnings/(loss) per share (Subunit)	-0.34	17.37	-4.67	14.21
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.8148		2.8615

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	258,870	427,211	862,539	1,211,601
2	Profit/(loss) before tax	-15,013	4,299	-23,391	21,156
3	Profit/(loss) for the period	-12,244	3,507	-16,953	17,824
4	Profit/(loss) attributable to ordinary equity holders of the parent	-12,244	3,507	-16,953	17,824
5	Basic earnings/(loss) per share (Subunit)	-12.15	3.48	-16.83	17.69
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.6900		2.8600

icy97

icy97 发表于 7-11-2017 04:52 AM

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	UPDATE ON THE PLANNED CONSTRUCTION OF A SALES, SERVICE, SPARE PARTS FACILITY (3-S CENTRE) IN SUNGAI BESI
Further to the announcements made on 26 January 2017 and 6 November 2017 on the acquisition of a piece of leasehold land measuring approximately 4,240 square metres together with a factory building erected thereon bearing the postal address Lot 338, Jalan Sungai Besi, 57100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur (“Property”), the Company wishes to announce that it will not proceed with the planned construction of a 3-S Centre on the Property. There has been no construction carried out on the Property as it was rented to the seller of the Property subsequent to completion of the acquisition. Following a business review amidst the current subdued economic outlook and consumer sentiment in Malaysia, the Group arrived at this decision after having considered the changes in market dynamics arising from new decisions and delays relating to the integrated transit-oriented development Bandar Malaysia project. Currently, the Company is exploring the various options available in relation to the Property so as to determine the best course of action from a financial return perspective. The Company will announce its plan in relation to the Property once it has been determined. The Company wishes to reiterate that it remains committed to the refurbishment of its sites, improvement of its systems and investment in its people to deliver exceptional customer experience.  It will also continue to optimise opportunities to drive long-term growth of the business. This decision will not directly impact any of its existing trading operations, trading performance or its support of customers. With 13 sales and aftersales facilities across the country to serve Mercedes-Benz customers, the Company continues to be a leading Mercedes-Benz dealer group in Malaysia. This announcement is dated 1 November 2019.

icy97

Type	Announcement
Subject	OTHERS
Description	CYCLE & CARRIAGE BINTANG BERHAD ("CCB" OR "COMPANY")PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF CCB PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")
The Board of Directors of CCB ("Board") wishes to announce that the Company has today received a letter from its major shareholder, Jardine Cycle & Carriage Limited (“JCCL”), requesting for CCB to undertake a selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act 2016 ("Act") ("SCR Offer Letter"). The Proposed SCR entails a selective capital reduction and a corresponding capital repayment of a cash amount of RM2.20 per ordinary share in CCB held by all the shareholders of CCB (other than JCCL), whose names appear in the Record of Depositors of CCB as at the close of business on an entitlement date to be determined and announced later by the Board. Upon the completion of the Proposed SCR, JCCL will own 100% equity interest in CCB and JCCL does not intend to maintain the listing status of CCB on the Main Market of Bursa Malaysia Securities Berhad. The offer in relation to the Proposed SCR will remain open for the Board’s acceptance until 5.00 p.m. on 6 December 2019. The Board, save for the interested directors, will deliberate on the Proposed SCR and decide on the next course of action. Accordingly, a further announcement will be made in due course after the Board's deliberation. Please refer to the SCR Offer Letter attached herewith for further details on the Proposed SCR. This announcement is dated 11 November 2019.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3001005

Attachments SCR Offer Letter.pdf