【JERASIA 8931 交流专区】杰威资本

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	120,263	115,020	120,263	115,020
2	Profit/(loss) before tax	1,524	1,451	1,524	1,451
3	Profit/(loss) for the period	1,083	992	1,083	992
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,899	418	1,899	418
5	Basic earnings/(loss) per share (Subunit)	1.32	1.21	1.32	1.21
6	Proposed/Declared dividend per share (Subunit)	0.50	0.00	0.50	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 ($$)	1.8700		1.8500

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	129,889	121,652	250,152	236,671
2	Profit/(loss) before tax	1,500	1,425	3,024	2,877
3	Profit/(loss) for the period	1,009	1,114	2,092	2,105
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,005	-278	2,904	139
5	Basic earnings/(loss) per share (Subunit)	1.23	1.36	2.55	2.57
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.50	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 ($$)	1.8800		1.8500

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	129,231	102,915	379,383	339,586
2	Profit/(loss) before tax	730	5,582	3,754	8,458
3	Profit/(loss) for the period	1,424	4,295	3,516	6,399
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,424	4,295	3,516	6,399
5	Basic earnings/(loss) per share (Subunit)	1.74	5.23	4.29	7.80
6	Proposed/Declared dividend per share (Subunit)	0.00	0.50	0.50	0.50
		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 ($$)	1.8900		1.8500

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	123,232	123,962	502,615	463,549
2	Profit/(loss) before tax	-127	1,330	3,627	9,788
3	Profit/(loss) for the period	-1,254	1,209	2,262	7,608
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,254	1,209	2,262	7,608
5	Basic earnings/(loss) per share (Subunit)	-1.53	1.47	2.76	9.27
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.50	0.50
		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 ($$)	1.9500		1.8500

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	125,326	120,263	125,326	120,263
2	Profit/(loss) before tax	1,038	1,524	1,038	1,524
3	Profit/(loss) for the period	900	1,083	900	1,083
4	Profit/(loss) attributable to ordinary equity holders of the parent	900	1,083	900	1,083
5	Basic earnings/(loss) per share (Subunit)	1.10	1.32	1.10	1.32
6	Proposed/Declared dividend per share (Subunit)	0.00	0.50	0.00	0.50
		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 ($$)	1.9000		1.8800

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JERASIA CAPITAL BERHAD

Date of change	28 Nov 2019
Name	DATUK PHANG AH TONG
Age	62
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Director
New Position	Chairman
Directorate	Independent and Non Executive

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

Working experience and occupation
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	50,000 ordinary shares in the Company.

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JERASIA CAPITAL BERHAD

Date of change	28 Nov 2019
Name	DATO' TAN YIK HUAY
Age	76
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Retirement

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

Working experience and occupation
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	120,000 ordinary shares in the Company.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	138,899	129,889	264,225	250,152
2	Profit/(loss) before tax	514	1,500	1,552	3,024
3	Profit/(loss) for the period	295	1,009	1,195	2,092
4	Profit/(loss) attributable to ordinary equity holders of the parent	295	1,009	1,195	2,092
5	Basic earnings/(loss) per share (Subunit)	0.36	1.23	1.46	2.55
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.50
		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 ($$)	1.8900		1.8800

icy97

Notice of Person Ceasing (Section 139 of CA 2016)

JERASIA CAPITAL BERHAD

Particulars of Substantial Securities Holder

Name	DATO' SRI MOHD HANIFF BIN ABD AZIZ
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Date of cessation	10 Apr 2020
Name & address of registered holder	Mayban Securities Nominees (Tempatan) Sdn. Bhd. - Pledged Securities Account for Dato' Sri Mohd Haniff bin Abd  AzizLevel 5, Maybanklife Tower, Dataran Maybank, No. 1, Jalan Maarof, 59000 Kuala Lumpur

No of securities disposed	20,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal of 20,000 shares via open market transaction
Nature of interest	Direct Interest
Date of notice	15 Apr 2020
Date notice received by Listed Issuer	15 Apr 2020

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	93,262	129,231	357,487	379,383
2	Profit/(loss) before tax	-9,481	730	-7,929	3,754
3	Profit/(loss) for the period	-9,722	1,424	-8,527	3,516
4	Profit/(loss) attributable to ordinary equity holders of the parent	-9,722	1,424	-8,527	3,516
5	Basic earnings/(loss) per share (Subunit)	-11.85	1.74	-10.39	4.29
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 ($$)	1.7900		1.8800

icy97

Type	Announcement
Subject	OTHERS
Description	JERASIA CAPITAL BERHAD ("JERASIA" OR "THE COMPANY")- EXPANSION OF BUSINESS INTO HEALTHCARE SEGMENT VIA THE MANUFACTURING OF PERSONAL PROTECTION EQUIPMENT (PPE) PRODUCTS
JERASIA wishes to announce that its wholly-owned subsidiaries, Canteran Apparel Sdn. Bhd. and Canteran Apparel (Cambodia) Co. Ltd., had expanded their product portfolio and are now developing, producing and supplying Personal Protection Equipment (“PPE”) products that include non-woven isolation gowns, head covers, boot/shoe covers, cloth face coverings and other related PPE garments to both the commercial and medical communities. Please refer to the attachment for further details of the announcement. This announcement is dated 3 July 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3065746

Attachments JERASIA - Expansion of Business in Healthcare Segment.pdf

icy97

JERASIA CAPITAL BERHAD

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-06072020-00003
Subject	EXPANSION OF BUSINESS INTO HEALTHCARE SEGMENT VIA THE MANUFACTURING OF PERSONAL PROTECTION EQUIPMENT (PPE) PRODUCTS
Description	Jerasia Capital Berhad ("Jerasia" or "The Company")- Expansion of business into healthcare segment via the manufacturing of personal protection equipment (PPE) products
Query Letter Contents	We refer to your Company’s announcement dated 3 July 2020, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1)        Date of the approvals and certifications obtained for the commencement of the production of the PPE products together with the name of the relevant authorities. 2)        It is noted that the existing production lines of CASB and CAC have been converted and repurposed to produce PPE garments. In this respect, please provide the following:- (a)       total capital and investment outlay as well as financial commitment required for the production of PPE products; (b)       total number of production lines converted and annual /monthly production capacity and output; (c)       date of commencement and commercialisation of the production of the PPE products; and (d)       name of customers for the sales of the PPE of 750,000 units or more. 3)        Whether the expansion of business via manufacturing of PPE products signifies the proposed diversification in business operations to your group pursuant to Paragraph 10.13 of the Main Market Listing Requirements.
We refer to the announcement dated 3 July 2020 and the query from Bursa Securities dated 6 July 2020 pertaining to the above subject matter. The Board of Directors of JERASIA wishes to furnish the following additional information pursuant to the query:- 1. Date of the approvals and certifications obtained for the commencement of the production of the PPE products together with the name of the relevant authorities. CASB had on 19 April 2020 obtained the approval for operating during the Movement Control Order from the Ministry of International Trade and Industry (“MITI”). For CAC, there was no lockdown and no approvals were required. 2. It is noted that the existing production lines of CASB and CAC have been converted and repurposed to produce PPE garments. In this respect, please provide the following:- (a) total capital and investment outlay as well as financial commitment required for the production of PPE products; There is no capital and investment outlay as well as further financial commitment by CASB and CAC as both companies’ principal activities include the manufacturing of garments and accessories. CASB and CAC had merely repurposed their existing production lines i.e., existing plant and machineries, for the production of PPE products. In essence, the Company expanded its product lines. (b) total number of production lines converted and annual/monthly production capacity and output; To-date, CASB had converted approximately seventy per centum (70%) of its production lines for the production of PPE products; whilst CAC had converted only less than five per centum (5%) of its production lines for the production of PPE products. The remaining ninety-five per centum (95%) of the CAC’s production capacity still remains focused on the manufacturing of fashion apparels and accessories for the export market.  Currently, daily production capacity is up to 100,000 units of PPE items with opportunities to increase capacities as demand grows. (c) date of commencement and commercialisation of the production of the PPE products; and For CAC, the production of the PPE products had commenced since 14 April 2020. As for CASB, as mentioned in item (1) above, with the approval of MITI, the production of the PPE products had commenced on 20 April 2020. As opportunities arose out of the COVID-19 pandemic, the Company deemed it fit to switch towards the production of PPE products contributing towards overcoming domestic and global shortages of such items. When normalcy and certainty return to the Group’s product lines, a new equilibrium will be found, balancing its capacity requirements towards PPE products and regular production of fashion apparel and accessories.The Company will continue to develop and deepen its competencies in the area of PPE production. (d) name of customers for the sales of the PPE of 750,000 units or more. The customers for the sales of the PPE products are local health institutions. The names of the customers are proprietary information and JERASIA wishes to keep this private and confidential. 3. Whether the expansion of business via manufacturing of PPE products signifies the proposed diversification in business operations to your group pursuant to Paragraph 10.13 of the Main Market Listing Requirements. The manufacturing of PPE products does not signify a diversification in business operations pursuant to Paragraph 10.13 of the Main Market Listing Requirements as the manufacturing of PPE products are not expected to result in either – (a) the diversion of 25% or more of the net assets of JERASIA to an operation which differs widely from those operations previously carried on by JERASIA; or (b) the contribution of 25% or more of the net profits of JERASIA. The business operations of CASB and CAC had not changed and the manufacturing of PPE products is merely an expansion of their product lines. The announcement is dated 7 July 2020.

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	JERASIA CAPITAL BERHAD ("JERASIA" OR THE "COMPANY")(I)        PROPOSED RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES; AND(II)        PROPOSED AMENDMENTS TO THE CONSTITUTION(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of Jerasia, M&A Securities Sdn Bhd wishes to announce that the Company intends to undertake the following proposals:- 1.Proposed renounceable rights issue of irredeemable convertible preference shares to raise minimum gross proceeds of about RM28.5 million and maximum gross proceeds of up to about RM57.0 million; and 2.Proposed amendments to the Constitution of Jerasia to facilitate the creation of the ICPS pursuant to the Proposed Rights Issue of ICPS. Kindly refer to the attachment for further details on the Proposals. This announcement is dated 10 August 2020

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3075937

Attachments Jerasia - ICPS (v5) (clean copy).pdf

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	JERASIA CAPITAL BERHAD ("JERASIA" OR "COMPANY")(I)    PROPOSED SUPPLY ARRANGEMENT;(II)   PROPOSED DIVERSIFICATION;(III)  PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN JERASIA; AND (IV)  PROPOSED RIGHTS ISSUE WITH WARRANTS(COLLECTIVELY, THE "PROPOSALS")
Reference is made to the announcements dated 10 August 2020 and 6 October 2020 (“Initial Announcements”), on behalf of the Board of Directors of Jerasia (“Board”), M&A Securities Sdn Bhd wishes to announce that the Company intends revised the Initial Announcements and to undertake the following Proposals:- (I)    Proposed arrangement for the supply of gloves pursuant to the conditional offtake agreement dated 29 January 2021 between Jerasia and Golden Global Trading & Healthcare Sdn Bhd (“Golden Global”) (“Offtake Agreement”) (“Proposed Supply Arrangement”); (II)    Proposed diversification of Jerasia’s existing business into manufacture and trading of latex and nitrile examination gloves (“Gloves Business”) (“Proposed Diversification”); (III)   Proposed private placement of up to 30% of the issued ordinary shares of Jerasia (“Jerasia Shares”) to independent third party investor(s) to be identified at an issue price to be determined and announced at a later date (“Proposed Private Placement”); and (IV)   Proposed renounceable rights issue of up to 746,619,636 new ordinary shares in Jerasia (“Rights Shares”) together with up to 426,639,792 free detachable warrants (“Warrants”) on the basis of 7 Rights Shares together with 4 Warrants for every one existing Jerasia Share held by the entitled shareholders on an entitlement date (“Entitled Shareholders”) (“Entitlement Date”) to be determined later (“Proposed Rights Issue with Warrants”). Further information on the Proposals is disclosed in the attachment herein. This announcement is dated 29 January 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3125649

Attachments Jerasia - Proposals.pdf

icy97

Change in Financial Year End

JERASIA CAPITAL BERHAD

Old financial year end	30 Jun 2020
New financial year end	30 Nov 2020

Remarks :

The Board of Directors of the Company has approved the change of financial year end ("FYE") of the Company from 30 June to 30 November. This is to align with the corporate exercise as announced on 10 August 2020 to capture the financial effects arising from the same. The next set of financial statements will be made up from 1 July 2019 to 30 November 2020 covering a period of 17 months. The subsequent FYE shall be on 30 November.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Twelve Months	Twelve Months
		31 Mar 2020 To	31 Mar 2019 To	01 Jul 2019 To	01 Jul 2018 To
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	19,454	123,232	376,941	502,615
2	Profit/(loss) before tax	-51,466	-127	-59,395	3,627
3	Profit/(loss) for the period	-51,199	-1,254	-59,726	2,262
4	Profit/(loss) attributable to ordinary equity holders of the parent	-51,199	-1,254	-59,726	2,262
5	Basic earnings/(loss) per share (Subunit)	-62.40	-1.53	-72.80	2.76
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 ($$)	1.1700		1.8800

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Fifteen Months	Fifteen Months
		01 Jul 2020 To	01 Jul 2019 To	01 Jul 2019 To	01 Jul 2018 To
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	25,164	0	402,105	0
2	Profit/(loss) before tax	-9,901	0	-69,296	0
3	Profit/(loss) for the period	-9,896	0	-69,622	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-9,896	0	-69,622	0
5	Basic earnings/(loss) per share (Subunit)	-12.06	0.00	-84.86	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 ($$)	1.0300		1.8800

icy97

icy97 发表于 5-12-2020 09:30 AM
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_det ...

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	JERASIA CAPITAL BERHAD ("JERASIA" OR "COMPANY") (I)        PROPOSED SUPPLY ARRANGEMENT; (II)        PROPOSED DIVERSIFICATION; (III)        PROPOSED PRIVATE PLACEMENT OF UP TO 30% OF THE ISSUED ORDINARY SHARES IN JERASIA; AND (IV)        PROPOSED RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 29 January 2021.) Reference is made to the announcements dated 29 January 2021 and 26 March 2021. On behalf of the Board of Directors of Jerasia, M&A Securities wishes to announce that Jerasia and Golden Global entered into a termination agreement on 21 October 2021 (“Termination Agreement”) where both parties have mutually agreed to rescind, revoke and terminate the Offtake Agreement with immediate effect. As at the date of the Termination Agreement, there is no supply nor purchase of the latex and nitrile examination gloves between both parties.   This announcement is dated 21 October 2021.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Aug 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Aug 2021	31 Aug 2020	31 Aug 2021	31 Aug 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	31,134	0	88,848	0
2	Profit/(loss) before tax	-20,641	0	-29,061	0
3	Profit/(loss) for the period	-20,574	0	-29,024	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-19,701	0	-27,602	0
5	Basic earnings/(loss) per share (Subunit)	-25.08	0.00	-35.38	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 ($$)	0.2600		0.6000

icy97

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 OTHERS
Description	JERASIA CAPITAL BERHAD ("JCB" OR "THE COMPANY")- BURSA MALAYSIA SECURITIES BERHAD'S PN17 RELIEF MEASURES RESULTING IN JCB TRIGGERING PRESCRIBED CRITERIA BUT NOT BEING CLASSIFIED AS A PN 17 LISTED ISSUER
1. INTRODUCTION Reference is made to the announcement dated 23 August 2021 (Reference Number: GA1-22082021-00004) pursuant to Paragraph 8.04 and Paragraph 2.1(f) of Practice Note 17 ("PN 17") of the Main Market Listing Requirements ("Main LR") of Bursa Malaysia Securities Berhad (“Bursa Securities” or “the Exchange”), where JCB defaulted in payment pursuant to Paragraph 9.19A of the Main LR and is unable to provide a solvency declaration to Bursa Securities ("First Relief Announcement"). The Board of Directors of JCB wishes to announce that the Company has also triggered the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(e) of PN 17 of the Main LR, where JCB's external auditors, Messrs Grant Thornton Malaysia had expressed their qualified opinion with material uncertainty related to going concern in the Company’s Audited Financial Statements for the financial period ended 30 November 2020 and JCB's shareholders’ equity on a consolidated basis is 50% or less of its share capital (excluding treasury shares) based on the unaudited second quarter results ended 31 August 2021. 2. BURSA SECURITIES' RELIEF MEASURES Bursa Securities had via its letter dated 16 June 2021 granted affected listed issuers further relief from complying with the obligations under Paragraph 8.04 and PN17 of the Main LR (“PN17 Relief Measures”). The PN17 Relief Measures will be available to a listed issuer that triggers any one of the following criteria under PN17 of the Main LR (“Suspended Criteria”) from 1 July 2021 to 31 December 2021 (“Relief Period”):- its shareholders’ equity on a consolidated basis is 25% or less of its share capital (excluding treasury shares) and such shareholders’ equity is less than RM40 million; the auditors have highlighted a material uncertainty relating to going concern or expressed a qualification on the listed issuer’s ability to continue as a going concern in its latest audited financial statement and its shareholders’ equity on a consolidated basis is 50% or less of its share capital (excluding treasury shares); and default in payment by the listed issuer, its major subsidiary or major associated company, as the case may be, as announced pursuant to paragraph 9.19A of the Main LR and the listed issuer is unable to provide a solvency declaration to the Exchange. Under the PN17 Relief Measures:- an affected listed issuer that triggers any of the Suspended Criteria during the Relief Period will not be classified as a PN17 listed issuer and will not be required to comply with the obligations pursuant to Paragraph 8.04 and PN17 of the Main LR for a period of 18 months from the date of triggering the criteria; the affected listed issuer will still be required to make an immediate announcement that it has triggered the Suspended Criteria and the relief provided (“Relief Announcement”); upon the expiry of the 18 months from the Relief Announcement, the affected listed issuer must re-assess its condition and announce whether it continues to trigger any of the criteria in PN17 of the Main LR (“said Announcement”); and if the affected listed issuer continues to trigger any of the criteria in PN17 of the Main LR, it will then be classified as a PN17 listed issuer and must comply with all the obligations under paragraph 8.04 and PN17 of the Main LR, including the obligation to submit a regularisation plan to the relevant authorities within 12 months from the said Announcement. 3. CONCLUSION For the avoidance of doubt, JCB will not be classified as a PN17 listed issuer and will not be required to comply with the obligations under paragraph 8.04 and PN17 of the Main LR for a period of 18 months from the date of the First Relief Announcement i.e., until  23 February 2023. The Company will re-assess its condition and announce whether it continues to trigger any of the Suspended Criteria upon the expiry of the 18 months from the date of the First Relief Announcement. This announcement is dated 1 November 2021.