【SYSCORP 5173 交流专区】昇阳船务机构

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2014	30/09/2013	30/09/2014	30/09/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	255,937	296,692	255,937	296,692
2	Profit/(loss) before tax	1,750	7,073	1,750	7,073
3	Profit/(loss) for the period	106	6,422	106	6,422
4	Profit/(loss) attributable to ordinary equity holders of the parent	-150	6,319	-150	6,319
5	Basic earnings/(loss) per share (Subunit)	-0.01	0.53	-0.01	0.53
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 ($$)	0.9300		0.9300

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2014	31/12/2013	31/12/2014	31/12/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	273,158	268,790	529,096	565,482
2	Profit/(loss) before tax	13,810	-5,271	15,560	1,802
3	Profit/(loss) for the period	8,951	-5,815	9,057	607
4	Profit/(loss) attributable to ordinary equity holders of the parent	9,888	-5,190	9,737	1,128
5	Basic earnings/(loss) per share (Subunit)	0.82	-0.43	0.81	0.09
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9400		0.9300

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	222,075	282,751	751,171	848,233
2	Profit/(loss) before tax	3,808	4,289	19,368	6,091
3	Profit/(loss) for the period	1,039	3,507	10,096	4,114
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,435	5,639	13,172	6,767
5	Basic earnings/(loss) per share (Subunit)	0.29	0.47	1.10	0.56
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 ($$)	0.9500		0.9300

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	160,199	280,685	911,370	1,128,918
2	Profit/(loss) before tax	-4,758	4,708	14,611	10,799
3	Profit/(loss) for the period	-4,939	2,534	5,157	6,648
4	Profit/(loss) attributable to ordinary equity holders of the parent	-8,137	1,058	5,035	7,825
5	Basic earnings/(loss) per share (Subunit)	-0.68	0.09	0.42	0.65
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 ($$)	0.9400		0.9300

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2015	30 Sep 2014	30 Sep 2015	30 Sep 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	183,901	255,937	183,901	255,937
2	Profit/(loss) before tax	6,235	1,750	6,235	1,750
3	Profit/(loss) for the period	4,135	106	4,135	106
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,105	-150	4,105	-150
5	Basic earnings/(loss) per share (Subunit)	0.30	-0.01	0.30	-0.01
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9600		0.9500

icy97

今年专注本地航线 昇阳放眼营业额6.05亿

财经新闻 财经  2016-02-02 10:36
（吉隆坡1日讯）昇阳船务机构（SYSCORP，5173，主板贸服股）首季收入保持良好，因此，船运业务营业额有望在现财年维持在6.05亿令吉。

截至去年9月杪，公司净赚410万5000令吉或每股净利0.3仙，去年同季则净亏15万令吉；营业额按年跌28.15%，至1亿8390万1000令吉。

根据《星报》报道，财务总监林鹏隆表示，泛婆罗洲高速大道的建材，有望在未来数年成为公司潜在的新海运货物，而且，公司的货柜船运业务，如今已将大部分航线集中在国内，来应对充满不确定因素的环境。

停止不赚钱航线

“在公司拥有的14艘货柜船当中，接近95%的船只负责国内航线，定期往返砂拉越、沙巴和西马的港口。”

他续称：“在一年多之前，我们就中止了无利可图的区域航线，并暂停3艘货柜船的营运，来专注在本地航线。”

截至去年6月杪的2015财年，昇阳船务机构的国内与沿海船运活动相当活跃，带动该业务的净利走高至3190万令吉，超越2014财年的1310万令吉。

在原棕油船运方面，昇阳船务机构拥有3座原棕油储存槽，以及一队驳船，正通过联营公司PT BarunaAdiprasetye，定期出租给印尼原棕油供应商。【南洋网财经】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2015	31 Dec 2014	31 Dec 2015	31 Dec 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	178,359	273,158	362,260	529,096
2	Profit/(loss) before tax	5,464	13,810	11,699	15,560
3	Profit/(loss) for the period	3,476	8,951	7,611	9,057
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,867	9,888	8,972	9,737
5	Basic earnings/(loss) per share (Subunit)	0.41	0.82	0.75	0.81
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 ($$)	0.9600		0.9500

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2016	31 Mar 2015	31 Mar 2016	31 Mar 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	141,391	222,075	503,651	751,171
2	Profit/(loss) before tax	1,175	3,808	12,874	19,368
3	Profit/(loss) for the period	1,044	1,039	8,655	10,096
4	Profit/(loss) attributable to ordinary equity holders of the parent	462	3,435	9,435	13,172
5	Basic earnings/(loss) per share (Subunit)	0.04	0.29	0.79	1.10
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 ($$)	0.9600		0.9500

icy97

Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF A NEW SUBSIDIARY, SINAR ASIAMAS SDN BHD
Pursuant to paragraph 9.19 (23) of the Main Market Listing Requirements, the Board of Directors of Shin Yang Shipping Corporation Berhad (“SYSCORP”) is pleased to announce that Danum Shipping Sdn Bhd (“DSSB”), a 100%-owned subsidiary of SYSCorp, had incorporated a 55% owned subsidiary company in Malaysia under the Companies Act, 1965 ("Act"), namely Sinar Asiamas Sdn Bhd (“SAMSB”). Sarawak Oil Palms Berhad (“SOPB”) owns the remaining 45% of shareholding in SAMSB. 1.    Information on Newly Incorporated Subsidiary -SAMSB     The current authorised and issued and paid-up share capital of SAMSB is RM 100,000.00 divided into 100,000 ordinary shares of RM 1.00 each ("Shares') of which 100,000 ordinary shares of RM 1.00 each have been issued.     The principal activity of SAMSB is engaging in Commercial, Technical and Shipping Managers. 2.    Information on Parties of the Incorporation 2.1    Information on DSSB     DSSB was incorporated in Malaysia under the Act, as a private limited company on 28 October 2004. The authorised and issued paid-up capital of DSSB are RM1,000,000.00 comprising 1,000,000 Shares which are fully issued and paid-up. 2.2    Information on SOPB     SOPB is a public listed company incorporated in Malaysia with an authorised share capital of RM5,000,000,000.00 comprising 5,000,000,000 Shares, of which 441,307,000.00 Shares had been fully issued and paid-up. SOPB is principally involved in cultivation of oil palms and the operations of the palm oil mill.     Tan Sri Datuk Ling Chiong Ho and Mr. Ling Chiong Sing, are the directors and substantial shareholders of DSSB and SOPB. 3.    Financial Effects     The said shares subscription will not have any material effect on SYSCORP’s share capital, substantial shareholders’ shareholdings, earnings and net assets for the financial year ending 30 June 2017. The consideration for the shares subscription was funded by internally generated funds. 4.    Interest on Directors, Substantial Shareholders, and/or Persons Connected with them     Save for Tan Sri Datuk Ling Chiong Ho and Mr. Ling Chiong Sing (collectively the "Interested Directors"), who being the directors and substantial shareholders of SYSCORP, are also the directors and substantial shareholders of SOPB, none of the other directors and/or substantial shareholders of SYSCORP Group and/or persons connected with them, have any interest, direct or indirect, arising from the above incorporation.     All future transactions by SAMSB with related parties will be governed by the provisions of Chapter 10 of the Main Market Listing Requirements and an appropriate announcement(s) will be made in due course. 5.    Approval of Shareholders and the relevant authorities     The above incorporation is not subjected to the approval of the shareholders and any government authority. 6.    Directors’ Statement     The Board of Directors of SYSCORP (save for the Interested Directors) have considered all aspects of the above mentioned incorporation and is of the opinion that the incorporation is in the best interest of SYSCORP Group. This announcement is dated 16 August 2016

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-19082016-00001
Subject	INCORPORATION OF A NEW SUBSIDIARY, SINAR ASIAMAS SDN BHD
Description	INCORPORATION OF A NEW SUBSIDIARY, SINAR ASIAMAS SDN BHD
Query Letter Contents	We refer to your Company’s announcement dated 16 August 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1.        Danum Shipping Sdn Bhd’s sources of funds for financing its investment in Sinar Asiamas Sdn Bhd and the breakdown. 2.         The eventual issued and paid-up capital of Sinar Asiamas Sdn Bhd.
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the announcement dated 16 August 2016) We refer to Bursa Malaysia Securities Berhad’s (“Bursa Securities”) query letter dated 19 August 2016 on the above matter and furnish below the additional information as requested:- Danum Shipping Sdn Bhd’s sources of funds for financing its investment in Sinar Asiamas Sdn Bhd and the breakdown. The subscription of shares in Sinar Asiamas Sdn Bhd will be funded wholly from internally generated funds of Danum Shipping Sdn Bhd. The eventual issued and paid-up capital of Sinar Asiamas Sdn Bhd. The eventual  paid-up and issued share capital of Sinar Asiamas Sdn Bhd is RM100,000 comprising 100,000 ordinary shares of RM1.00 each as a ship management company.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	220,034	160,199	723,686	911,370
2	Profit/(loss) before tax	-8,879	-4,758	3,995	14,611
3	Profit/(loss) for the period	-1,819	-4,939	6,836	5,157
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,743	-8,137	7,692	5,035
5	Basic earnings/(loss) per share (Subunit)	-0.15	-0.68	0.64	0.42
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 ($$)	0.9600		0.9500

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Date of change	02 Sep 2016
Name	MR VINCENT LING LU YEW
Age	32
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	Bachelor of Civil and Construction Engineering from Curtin University of Technology, Australia in 2006.
Working experience and occupation	Mr. Vincent joined Shin Yang Shipyard Sdn Bhd, Shin Yang Shipping Corporation Berhad's wholly owned subsidiary in 2007 as Operation Manager and was appointed as Director of Shin Yang Shipyard Sdn Bhd in March 2010. Mr. Vincent Ling oversees the day-to day operations of our shipbuilding and ship repair & metal fabrication operations and actively implementing continual improvements to our shipbuilding and ship repair & metal fabrication operations. He is also gradually overseeing the international, coastal, domestic and container shipping within the Group and will gradually contribute to the strategy planning and evaluation to the overall shipping sector.
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Mr. Vincent Ling is the son of Mr. Ling Chiong Pin, the Substantial Shareholder and Executive Director of Shin Yang Shipping Corporation Berhad. He is also the nephew of Tan Sri Datuk Ling Chiong Ho, the Non- Executive Chairman, Ling Chiong Sing, the Group Managing Director, Ling Chiong Sieng, Executive Director and Ling Siu Chuo, the Non-Executive Non-Independent Director, and the Substantial Shareholders of Shin Yang Shipping Corporation Berhad.
Any conflict of interests that he/she has with the listed issuer	Save for the relationship disclosed as above and the minor shareholding disclosed below, there is no conflict of interest he has with the listed issuer, Shin Yang Shipping Corporation Berhad.
Details of any interest in the securities of the listed issuer or its subsidiaries	Holding RM100,000 of shareholding  which comprising 100,000 shares at RM1 each in Shin Yang Shipping Corporation Berhad.
Due Date for MAP	02 Jan 2017

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	131,272	183,901	131,272	183,901
2	Profit/(loss) before tax	1,236	6,235	1,236	6,235
3	Profit/(loss) for the period	627	4,135	627	4,135
4	Profit/(loss) attributable to ordinary equity holders of the parent	-626	4,105	-626	4,105
5	Basic earnings/(loss) per share (Subunit)	-0.05	0.34	-0.05	0.34
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9600		0.9600

icy97

Type	Announcement
Subject	OTHERS
Description	Subscription of 60% of shareholding in Gemilang Raya Maritime Sdn Bhd
1. INTRODUCTION Pursuant to para 9.19 (23) of the Main Market Listing Requirements, the Board of Directors of Shin Yang Shipping Corporation Berhad (“SYSCORP”) is pleased to announce that its wholly-owned subsidiary, Shin Yang Shipping Sdn Bhd  had on 22nd December 2016 subscripted a 60% owned subsidiary company in Malaysia under Companies Act, 1965, namely Gemilang Raya Maritime Sdn Bhd (“GRMSB”). The authorized and issued and paid-up share capital of GRMSB is RM 5,000,000.00 divided into 5,000,000 ordinary shares of RM 1.00 each of which 1,000,000 ordinary shares of RM 1.00 each have been issued. 2. INFORMATION OF GRMSB The principal activity of GRMSB is investment holding and as the commercial and technical ship managers for international fleets operation. 3. RATIONALE FOR THE PROPOSED SHARES SUBSCRIPTION The shares subscription in GRMSB is part of the SYSCORP group’s strategy to expand its shipping business in international regions 4. EFFECTS ON THE PROPOSED SHARES SUBSCRIPTION The said shares subscription will not have any material effect on SYSCORP’s share capital, substantial shareholders’ shareholdings, earnings and net assets for the financial year ending 30 June 2017. The consideration for the shares subscription was funded by internally generated funds. 5. DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS None of the directors and/or substantial shareholders of SYSCORP Group and/or persons connected with them have any interest, direct or indirect, arising from the above shares subscription. 6. APPROVALS REQUIRED The above shares subscription is not subjected to the approval of the shareholders and any government authority. 7. STATEMENT BY THE BOARD OF DIRECTORS OF SYSCORP The Board of Directors of SYSCORP have considered all aspects of the above mentioned shares subscription and is of the opinion that the shares subscription is in the best interest of SYSCORP Group. This announcement is dated 23 December 2016.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	161,690	178,359	292,962	362,260
2	Profit/(loss) before tax	1,944	5,464	3,181	11,699
3	Profit/(loss) for the period	1,330	3,476	1,958	7,611
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,481	4,867	1,856	8,972
5	Basic earnings/(loss) per share (Subunit)	0.21	0.41	0.15	0.75
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 ($$)	0.9600		0.9600

icy97

昇阳船务
120万沽清Micaline

2017年5月4日
（吉隆坡3日讯）昇阳船务机构（SYSCORP，5173，主板贸服股）宣布，以总值120万4500令吉脱售Micaline私人有限公司全数股权，给大马商人伊达。

昇阳船务机构今日向交易所报备，通过独资子公司Danum Shipping私人有限公司，同意以上述售价，脱售Micaline给伊达。

根据文告，Micaline的全数股权，相等于120万4500股，每股1令吉。

完成脱售活动后，Micaline不再是昇阳船务机构的子公司。【e南洋】

Type	Announcement
Subject	OTHERS
Description	PROPOSED DISPOSAL OF A SUBSIDIARY, MICALINE SDN BHD (MLSB)
1. INTRODUCTION Shin Yang Shipping Corporation Berhad (“SYSCorp” or “Company”) wishes to announce that the Danum Shipping Sdn Bhd (“Vendor” or “DSSB”), a wholly owned subsidiary of SYSCorp, had on 3rd May 2017 approved and agreed to dispose its entire equity interest in Micaline Sdn Bhd (“MLSB”) to Encik Ita @ Penita Bin Hazmi (“Purchaser”), comprising of One Million Two Hundred Four Thousand Five Hundred (1,204,500) ordinary shares of RM1.00 each (“Shares”) for a total consideration of Ringgit Malaysia One Million Two Hundred Four Thousand Five Hundred only (RM 1,204,500.00) (“Consideration”) (“Disposal”). Upon completion of the Disposal, Micaline Sdn Bhd shall cease to be a subsidiary of the Company. 2. INFORMATION ON MICALINE SDN BHD MLSB was incorporated in Malaysia under the Companies Act, 1965 as a private limited company on 5 February 2002. The authorised capital of MLSB is RM25,000,000.00 with an issued and paid-up capital of 2,190,000 ordinary share of RM1.00 each (“Shares”).   3. INFORMATION ON THE PURCHASER Encik Ita @ Penita Bin Hazmi is a Malaysian business man and non-related party to SYSCorp group. 4. TERMS OF PAYMENT AND BASIS OF CONSIDERATION The Purchaser shall pay the full consideration of Ringgit Malaysia One Million Two Hundred Four Thousand Five Hundred (RM 1,204,500.00) upon the execution of the form of transfer of securities. The consideration is arrived at based on the value of the shareholders’ funds of Micaline Sdn Bhd in the financial statements as at 30 June 2016, and on the net assets value of Micaline Sdn Bhd after taking into account the settlement of all account payables owing by Micaline Sdn Bhd. 5. RATIONALE OF THE DISPOSAL The company decided that it is not feasible to continue operating the business as the anticipated returns from this investment do not meet the Group’s expectation. 6. EFFECTS OF THE DISPOSAL The disposal will not have any effect on the share capital and the substantial shareholders’ shareholdings of the Company. The disposal is not expected to have any material effect on the net assets, net earnings and gearing of the Company. 7. HIGHEST PERSENTAGE RATIO The Highest Percentage ratio applicable to the Disposal pursuant to paragraph 10.02 (g) of the Listing Requirement is 0.32% computed based on the audited consolidated financial statements of Shin Yang Shipping Corporation Berhad as at 30 June 2016. 8. APPROVALS REQUIRED The Disposal is not subject to the approval of the shareholders of the Company or any other regulatory authorities. 9. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the Directors, and/or major shareholders of Shin Yang Shipping Corporation Berhad and/or persons connected to them have any interest, direct or indirect in the Disposal. 10. DIRECTRORS’ STATEMENT The Board having considered all aspects of the Disposal is of the opinion that the Disposal is in the best interest of the Company. This announcement is dated 3rd May 2017

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Date of change	12 May 2017
Name	MR LING CHIONG SIENG
Age	59
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Resignation
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications
Working experience and occupation	Executive Director of the Company from 30 November 2009 till 12 May 2017He served on board of vessels as a Coastal Master for domestic tugboats for many years and was instrumental in the setting up of our Group's first shipyard operations under Piasau Slipways Sdn Bhd. He brings with him extensive experiences in business managements and project implementations.
Family relationship with any director and/or major shareholder of the listed issuer	He is the brother of Tan Sri Datuk Ling Chiong Ho, Ling Chiong Sing, Ling Chiong Pin and Mdm Ling Siu Chuo, who are Non Executive Chairman, Group Managing Director, Executive Director and Non Executive Director of the Company respectively. He is deemed connected to Shin Yang Holding Sdn Bhd, one of the substantial shareholders of the Company. .
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	34,802,668 ordinary shares in Shin Yang Shipping Corporation Berhad

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	142,899	141,391	435,861	503,651
2	Profit/(loss) before tax	-9,832	1,175	-6,652	12,874
3	Profit/(loss) for the period	-9,794	1,044	-7,837	8,655
4	Profit/(loss) attributable to ordinary equity holders of the parent	-7,140	462	-5,285	9,435
5	Basic earnings/(loss) per share (Subunit)	-0.60	0.04	-0.44	0.79
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9400		0.9600

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Type	Announcement
Subject	OTHERS
Description	PROPOSED DISPOSAL OF 15% EQUITY INTEREST IN AYA SHIN YANG FZC AND SHIN YANG SHIPBUILDING ENGINEERING RMC FZC RESPECTIVELY
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5525213

Attachments SYSCorp Ann-disposal of indirect subsidiaries.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2017	30 Jun 2016	30 Jun 2017	30 Jun 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	163,219	220,034	599,080	723,686
2	Profit/(loss) before tax	10,039	-8,879	3,388	3,995
3	Profit/(loss) for the period	12,494	-1,819	4,657	6,836
4	Profit/(loss) attributable to ordinary equity holders of the parent	11,073	-1,743	5,788	7,692
5	Basic earnings/(loss) per share (Subunit)	0.92	-0.15	0.48	0.64
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 ($$)	0.9900		0.9600