【VERSATL 4995 交流专区】蔚世泰

icy97

icy97 发表于 3-6-2016 01:52 AM

森州承建清真药厂
蔚世泰获2.88亿合约

2016年10月30日
（吉隆坡29日讯）蔚世泰集团（VERSATL，4995，主板工业产品股）宣布，接受东方源流私人有限公司颁发的得标书。

根据文告，蔚世泰集团会承包位于森美兰州清真疫苗厂、制药厂和研究中心的建筑工程。

不过，得标书的附带条件包括，蔚世泰集团完成可行性评估和精密审核，并取得满意的结果。完成评估及审核后，双方会签署合约。

蔚世泰集团会与各金融机构协商，以获得项目融资。

蔚世泰集团执行董事黄光中（译音）也是东方源流私人有限公司的董事，因此，上述合约属相关人士交易。

根据蔚世泰集团5月26日的文告，该项目总值6930万美元（约2亿8859万令吉）。【e南洋】

Type	Announcement
Subject	OTHERS
Description	Letter of offer received from Oriental Mace Sdn Bhd ("Oriental") ("LOA) as the main contractor for the construction of a Halal Vaccine Plant and a Pharmaceutical Plant & Research Centre ("Construction Project") located at Bandar Enstek, Negeri Sembilan
Reference is made to the announcements on 26 May 2016, 1 June 2016 and 9 June 2016 pertaining to the LOA for the Construction Project. The Board of Directors of Versatile wishes to announce that Versatile had on 27 October 2016 accepted the LOA after conducting a preliminary due diligence on Oriental. Nevertheless, the acceptance of the LOA is subject to the following: Conclusion of the evaluation of the viability and feasibility of the Construction Project (“Feasibility Study”) and the due-diligence exercise (“Due Diligence”) to be conducted by the Company the results of which are satisfactory to Versatile. Upon completion of the Feasibility Study and the Due Diligence, a conditional definitive agreement will be entered into between Oriental and Versatile. While pending the above conditions to be fulfilled, Versatile will be in the discussion with various financial institutions to source and secure the funding for the Construction Project. The Board of Directors of Versatile wishes to further highlight that the Construction Project shall be deemed a related party transaction in view of the interest and directorship of Dato' Wong Kong Choong, an Executive Director of Versatile, in Oriental. In view of the above, an Independent Advisor will be appointed to advise the non-interested shareholders on the proposal. A detailed announcement will be made upon the execution of the definitive agreement. This announcement is dated 27 October 2016.

哭哭鸟

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	10,852	11,031	23,290	22,352
2	Profit/(loss) before tax	-791	412	-1,621	-1,827
3	Profit/(loss) for the period	-791	412	-1,621	1,827
4	Profit/(loss) attributable to ordinary equity holders of the parent	-791	412	-1,621	-1,827
5	Basic earnings/(loss) per share (Subunit)	-0.67	0.35	-1.38	-1.56
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 ($$)	0.3700		0.3800

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Date of change	24 Nov 2016
Name	MR TAN QUOK EOW
Age	42
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer
Qualifications	He graduated with Bachelor of Commerce majoring in Accounting (Aust) in 1997 and is aMember of CPA and MIA
Working experience and occupation	He joined Versatile Group of Companies in 30 March 2016 as the Group Chief Financial Officer and the position has been confirmed in 24 November 2016. He worked for various Malaysia listed companies in different industries such as plastic injection moulding, printing, packaging and timber industries, out of which of for the past 13 years he has been the group finance head, group financial controller and group chief financial of Changhuat Corporation. Berhad, Komarkcorp Behad & Denko Industries Corporation Berhad and Barama Company Ltd.He graduated with Bachelor of Commerce majoring in Accounting (Aust) in 1997 and is aMember of CPA and MIA.

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Name	DATO LEE KWEE HIANG
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	ORDINARY SHARE OF RM0.50 EACH
Name & address of registered holder	LEE KWEE HIANG45 Jalan Kuda Emas, The Mines Resort City, 43300 Seri Kembangan, Selangor.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted ($$)
Disposed	Direct	24 Nov 2016	5,000,000	0.800

Circumstances by reason of which change has occurred	Disposal of shares via direct business transaction
Nature of interest	Direct
Direct (units)	10,506,521
Direct (%)	8.954
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	10,506,521
Date of notice	24 Nov 2016

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Date of change	29 Nov 2016
Name	DATO’ WONG KONG CHOONG @ LEONG KONG CHOONG
Age	46
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Executive Director
New Position	Managing Director
Directorate	Executive
Qualifications	Dato' Wong has a unique combination of academic qualifications, a double Diploma holder in the study of Accountancy (LCCI) and Marketing (CIM) from UK.
Working experience and occupation	Dato' Wong has over 20 years of entrepreneur experience in advertising, printing and packaging industry. He is founder and Managing Director of GTM Marketing Sdn Bhd (2000), with primary business in signage and printing. In 2012, he established Oriental Mace Group, a portfolio investment company, managing five major portfolios - Advertising, Construction, Education, Information Technology and Hospitality. In 2016, he was awarded the ASEAN Business Award in High Impact Business Model. In the recent years, Dato' Wong Instrumental in assisting corporation restructuring exercise and is knowledgeable in the capital market. He was appointed Honorary Professor in Entrepreneurship at Malaysian Hospitality College in 2015. In addition, a Trustee member of a charity organization, the AUTORR Foundation, pioneering in promoting alternative healing and healthcare for the elderly.

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Notice of Person Ceasing (29C)

VERSATILE CREATIVE BERHAD

Particulars of Substantial Securities Holder

Name	DATO LEE KWEE HIANG
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	ORDINARY SHARE OF RM0.50 EACH
Date of cessation	29 Nov 2016
Name & address of registered holder	MIDF AMANAH INVESTMENT NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR DATO' LEE KWEE HIANG, 11TH & 12TH FLOOR MENARA MIDF, 82 JALAN RAJA CHULAN, 50200 KUALA LUMPUR, WILAYAH PERSEKUTUAN.

Currency	Malaysian Ringgit (MYR)
No of securities disposed	7,700,000
Price Transacted ($$)
Circumstances by reason of which Securities Holder has interest	DISPOSAL OF SHARES VIA DIRECT BUSINESS TRANSACTION
Nature of interest	DIRECT
Date of notice	29 Nov 2016

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Date of change	27 Dec 2016
Name	DATO' EOW KWAN HOONG
Age	63
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Executive Director
New Position	Non Executive Director
Directorate	Non Independent and Non Executive

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蔚世泰探讨地不佬建公寓

2017年1月11日
（吉隆坡10日讯）蔚世泰集团（VERSATL，4995，主板工业产品股）与Double Action Ventures私人有限公司（DAVSB）签署了解备忘录，探讨发展总值达1亿1000万令吉中价位公寓的发展可行度。

该公司今日向马交所报备，间接独资子公司Versatile Smart Properties私人有限公司（VSPSB）与DAVSB签署备忘录。

蔚世泰集团指出，备忘录的用意是检讨在柔佛地不佬县，达3.183英亩地段，发展公寓计划的可行度。

VSPSB将评估该发展项目是否可行，并对DAVSB进行精密审核。

若评估和审核结果令人满意，双方将正式签署协议。

蔚世泰集团预计，双方将在4个月内达成协议。【e南洋】

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN VERSATILE SMART PROPERTIES SDN. BHD. ("VSPSB"), A WHOLLY-OWNED SUBSIDIARY OF THE VERSATILE PAPER BOXES SDN. BHD. ("VPBSB"), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF VERSATILE CREATIVE BERHAD ("VCB") AND DOUBLE ACTION VENTURES SDN. BHD. ("DAVSB") DATED 10 JANUARY 2017
The Board of Directors of VCB wishes to announce that VSPSB, a wholly-owned subsidiary of VPBSB, which in turn is a wholly-owned subsidiary of VCB, has on 10 January 2017 entered into a MOU with DAVSB to establish a basis for both parties to explore feasibilities of developing medium cost apartments on a piece of alienated land held under PTD 68889, in Mukim Tebrau, District of Johor Bahru, Johor measuring approximately three point one eight three (3.183) acres with an estimated gross development value ("GDV")  of Ringgit Malaysia One hundred and ten million only (RM 110,000,000) prior to entering into a definitive agreement by both parties.    Upon entering into the MOU, VSPSB shall forthwith conduct an evaluation of the viability and feasibility of the Construction Project (“Feasibility Study”) and a due-diligence exercise (“Due Diligence”) on DAVSB; subject to satisfactory results being obtained from the said Feasibility Study and the Due Diligence exercise, the Parties shall proceed to execute the necessary definitive agreement. Information on DAVSB DAVSB (Company No. 1086637-K), a company incorporated in Malaysia and having its registered address at, No. 18-2, Jalan 2/114, Kuchai Business Centre, Off Jalan Klang Lama, 58200 Kuala Lumpur and a business address at No.29C, Jalan Wickham, Off Jalan Ampang Hilir, 55000 Kuala Lumpur. DAVSB is also a joint venture partner of YPJ Builders Sdn. Bhd, a company incorporated in Malaysia and having its registered address at, Aras B-01, Wisma YPJ Holding No. 5, Jalan Sri Perkasa 1/3, Taman Tampoi Utama, 81200 Johor Bahru and a business address at Aras 3, Wisma YPJ Holdings No. 5, Jalan Sri Perkasa 1/3, Taman Tampoi Utama, 81200 Johor Bahru Salient Terms of the MOU DAVSB intends to develop medium cost apartments on a piece of alienated land held under PTD 68889, in Mukim Tebrau, District of Johor Bahru measuring approximately three point one eight three (3.183) acres in the state of Johor Darul Takzim. DAVSB intends to work together with VSPSB whose core activity is in the business of property development and building construction, and which has the capability of procuring the necessary expertise and resources in connection therewith. The said MOU is the result of detailed discussions between VSPSB and DAVSB (“the Parties”)  and it is anticipated that a definitive agreement shall be drawn up within a period of four (4) months (“MOU Period”), subject to commercial viability of the project being ascertained from the date of the MOU or such further extended period(s) as may be mutually agreed upon by the Parties (“MOU Extended Period”) for the said development of medium cost apartments. The MOU will not have any material effect on earnings, revenue and net assets per share of the Company for the financial year ending 31 March 2017  but is expected to contribute positively to the future earnings of the Group should the Project materialise in due course. None of the Directors and/or major shareholders and/or persons connected to them, has any interest, direct or indirect in the MOU. This announcement is dated 10 January 2017.

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Date of change	23 Feb 2017
Name	MR NGEW SEE ENG
Age	47
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Operating Officer
Qualifications	He graduated with a Bachelor of Science in Chemistry from University of Malaya.
Working experience and occupation	He started his career as a development chemist in National Starch & Chemical (M) Sdn. Bhd. which is US based company in 1993 and subsequently explored to Technical sales in 1995. Subsequently he was promoted to Key account manager and Sales manager. He subsequently moved to a Japanese based company, Sunace Kakoh (M) Sdn. Bhd. as Operation Manager in 2000. In 2001, he moved to French based company, Bostik Findley as a Regional Business Manager covering SEA. In this company he had moved on his role to lead GM- Regional Technical Service Manager from 2010- 2015. His myriad exposure in MNC with various posts had made him adaptive in different cultures, challenges and responsibilities.

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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	11,961	10,740	35,251	33,092
2	Profit/(loss) before tax	316	1,152	-1,305	-675
3	Profit/(loss) for the period	316	1,152	-1,305	-675
4	Profit/(loss) attributable to ordinary equity holders of the parent	316	1,152	-1,305	-675
5	Basic earnings/(loss) per share (Subunit)	0.27	0.98	-1.11	-0.58
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 ($$)	0.4300		0.3800

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Type	Announcement
Subject	OTHERS
Description	VERSATILE CREATIVE BERHAD ("VCB") - VALUATION OF NON-CURRENT ASSET
Pursuant to Paragraph 9.19 (46) and Part H of Appendix 9A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of VCB has carried out a revaluation exercise on the non-current asset of the Company. Details of the full announcement is attached herewith. This announcement is dated 27 February 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5350205

Attachments Valuation of Non-current asset.pdf

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	ACQUISITION OF 100% EQUITY INTEREST IN VERSATILE SMART RESOURCES SDN. BHD. ("VSR") BY VERSATILE CREATIVE BERHAD ("VCB") FROM VSR'S DIRECTORS DATO' WONG KONG CHOONG AND DATO' CHEW WENG KIT FOR A TOTAL CASH CONSIDERATION OF RM2 ONLY ("THE ACQUISITION")
INTRODUCTION The Board of Directors of VCB is pleased to announce that VCB has on 21 March 2017 acquired a new subsidiary, VSR a company incorporated in Malaysia, via transfer of 2 Ordinary Shares representing 100% equity interest in VSR from VCB’s directors, Dato’ Wong Kong Choong and Dato’ Chew Weng Kit for a total cash consideration of RM2. With this acquisition, VSR shall now become a wholly owned subsidiary of VCB. 1. INFORMATION ON VSR VSR is a private limited company incorporated on 16 February 2017 under the Companies Act 2016 with share capital and number of issued shares represented by 2 Ordinary Shares, equivalent to RM2. VSR is currently dormant and shall be used at a later date by VCB to carry out the business of paper and plastic products trading, oil and gas downstreams activities and trading as well as carry on business to establish, form, operate and supervise all sorts of assets of venture capital. 2.EFFECTS OF THE ACQUISITION The Acquisition does not in any way have any effect on the issued and paid up share capital and major shareholding structure of VCB and does not have any material effect pursuant to the net assets and earnings of the VCB Group.                     3. APPROVAL REQUIRED The Acquisition is not subject to any approval of the shareholders of VCB or any relevant government bodies in Malaysia. 4. RELATED PARTY TRANSACTION The Acquisition is a related party transaction. In view of the consideration being below threshold of RM500,000 for a related party transactions under Chapter 10 of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad (“MMLR”), the provisions under Chapter 10 of the MMLR do not apply to this Acquisition. 5. DIRECTORS AND MAJOR SHAREHOLDERS INTEREST Dato’ Wong Kong Choong and Dato’ Chew Weng Kit are the directors of VSR and sit on the Board of VCB and are deemed to have interests in the Acquisition and have abstained from all Board deliberations and voting pertaining to the Acquisition. Save as disclosed above, none of the Directors and/or major shareholders of VCB and persons connected with the Directors of VCB and/or major shareholders of VCB have any interest, direct and indirect in the Acquisition. This announcement is dated 21 March 2017.

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Name	RICA HOLDINGS (M) SDN BHD
Address	Suite 1603, 16th Floor, Wisma Lim Foo Yong No. 86, Jalan Raja Chulan 50200 Wilayah Persekutuan Malaysia.
Company No.	638528-W
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	ORDINARY SHARE
Name & address of registered holder	MIDF Amanah Investment Nominees (Tempatan) Sdn Bhd pledged securities account for Rica Holdings (M) Sdn Bhd11th & 12th Floor, Menara MIDF82 Jalan Raja Chulan50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted ($$)
Disposed	Direct	08 May 2017	541,000	1.293
Disposed	Direct	11 May 2017	5,262,000	0.950

Circumstances by reason of which change has occurred	Disposal of shares via open market and direct business transaction
Nature of interest	Direct
Direct (units)	17,846,170
Direct (%)	15.209
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	17,846,170
Date of notice	11 May 2017

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Name	RICA HOLDINGS (M) SDN BHD
Address	Suite 1603, 16th Floor, Wisma Lim Foo Yong No. 86, Jalan Raja Chulan 50200 Wilayah Persekutuan Malaysia.
Company No.	638528-W
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARE

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	18 May 2017	2,500,000	Disposed	Direct Interest
	Name of registered holder	MIDF Amanah Investment Nominees (Tempatan) Sdn Bhd
	Address of registered holder	Pledged Securities Accounts for Rica Holdings (M) Sdn Bhd 11th & 12th Floor Menara Midf, 82 Jalan Raja Chulan 50200 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares via direct business transaction
Nature of interest	Direct Interest
Direct (units)	15,346,170
Direct (%)	13.079
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	15,346,170
Date of notice	18 May 2017
Date notice received by Listed Issuer	19 May 2017

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

Amended Announcements
Please refer to the earlier announcement reference number: CS1-26052017-00004

VERSATILE CREATIVE BERHAD

Particulars of Substantial Securities Holder

Name	ORIENTAL MACE SDN BHD
Address	8TH FLOOR WISMA HUAZONG LOT 15285 0.75KM LEBUHRAYA SUNGAI BESI 43300 SERI KEMBANGAN SERI KEMBANGAN 43300 Selangor Malaysia.
Company No.	1009982-D
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARES
Name & address of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.PLEDGE SECURITIES ACCOUNT FOR ORIENTAL MACE SDN. BHD.13TH FLOOR, MENARA TA ONE,22 JALAN P.RAMLEE,50250 KUALA LUMPUR

Date interest acquired & no of securities acquired
Date interest acquired	18 May 2017
No of securities	2,520,000
Circumstances by reason of which Securities Holder has interest	Acquisition of shares via direct business transaction
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	5,939,250
Direct (%)	5.062
Indirect/deemed interest (units)	2,185,000
Indirect/deemed interest (%)	1.862
Date of notice	21 Nov 2017
Date notice received by Listed Issuer	21 Nov 2017

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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	12,230	11,374	47,481	44,466
2	Profit/(loss) before tax	2,036	-1,320	731	-1,995
3	Profit/(loss) for the period	1,376	-1,389	71	-2,064
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,376	-1,389	71	-2,064
5	Basic earnings/(loss) per share (Subunit)	1.17	-1.18	0.06	-1.76
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 ($$)	0.4700		0.3800

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

VERSATILE CREATIVE BERHAD

Particulars of Substantial Securities Holder

Name	DATO' CHEW HUN SENG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Share
Name & address of registered holder	M&A Nominees (Tempatan) Sdn BhdLevel 1, No, 45, Boulevard,Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur.

Date interest acquired & no of securities acquired
Date interest acquired	14 Jun 2017
No of securities	10,822,450
Circumstances by reason of which Securities Holder has interest	Acquisition of shares via direct business transactions
Nature of interest	Direct and Indirect Interest
Total no of securities after change
Direct (units)	6,486,250
Direct (%)	5.528
Indirect/deemed interest (units)	4,336,200
Indirect/deemed interest (%)	3.695
Date of notice	15 Jun 2017
Date notice received by Listed Issuer	15 Jun 2017

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蔚世泰搁置1.1亿发展项目

2017年7月11日
（吉隆坡10日讯）由于被要求重审土地转换费用支付方案，蔚世泰集团（VERSATL，4995，主板工业产品股）搁置与Double Action Ventures私人有限公司（DAVSB）共同探讨的1.1亿令吉发展项目。

蔚世泰集团子公司Versatile Smart Properties私人有限公司（VSPSB），于今年1月10日与DAVSB签署了解备忘录，探讨是否有机会在柔佛地不佬一块3.183英亩的地皮，发展总值达1亿1000万令吉中价位公寓的发展。

若评估和审核结果令人满意，双方本预计在4个月内正式签署协议。 不过，蔚世泰集团今天向交易所报备指出，由于DAVSB要求重审土地转换费用支付方案，预计2个月内完成，因此项目被搁置。

该集团董事指出，VSPSB正寻求延长解备忘录有效期限，并且在土地转让支付上达成最终协议。【e南洋】

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	MEMORANDUM OF UNDERSTANDING VERSATILE SMART PROPERTIES SDN. BHD. ("VSPSB"), A WHOLLY-OWNED SUBSIDIARY OF THE VERSATILE PAPER BOXES SDN. BHD. ("VPBSB"), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF VERSATILE CREATIVE BERHAD ("VCB") UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") WITH DOUBLE ACTION VENTURES SDN. BHD. ("DAVSB")
Reference is made to the announcement on 10 January 2017 and 10 April 2017 in relation to the MOU of exploring the feasibility of developing medium cost apartments on a piece of alienated land held under PTD 68889, in Mukim Tebrau, District of Johor Bahru, Johor measuring approximately three point one eight three (3.183) acres with an estimated gross development value ("GDV")  of Ringgit Malaysia One hundred and ten million only ("RM110,000,000") prior to entering into a definitive agreement by both parties. The Board of Directors wishes to announce that the due diligence exercise (‘Due Diligence’) had been put on hold due to VSPSB was requested by DAVSB to relook into the land conversion cost payment proposal within the deadline of 2 months. The Board of Directors wishes to announce that VSPSB will be seeking extension of MOU from DAVSB and finalising the draft definitive agreement upon finalisation of land conversion payment issue with DAVSB. The Company will make the appropriate announcement on any new development in relation the MOU, if there is any. This announcement is dated 10 July 2017.

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Name	RICA HOLDINGS (M) SDN BHD
Address	Suite 1603, 16th Floor, Wisma Lim Foo Yong No. 86, Jalan Raja Chulan 50200 Wilayah Persekutuan Malaysia.
Company No.	638528-W
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARE

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	06 Jul 2017	614,800	Disposed	Direct Interest
	Name of registered holder	MIDF Amanah Investment Nominees (Tempatan) Sdn Bhd
	Address of registered holder	Pledged Securities Accounts for Rica Holdings (M) Sdn Bhd 11th & 12th Floor Menara Midf, 82 Jalan Raja Chulan 50200 Kuala Lumpur
	Description of "Others" Type of Transaction
2	07 Jul 2017	385,200	Disposed	Direct Interest
	Name of registered holder	MIDF Amanah Investment Nominees (Tempatan) Sdn Bhd
	Address of registered holder	Pledged Securities Accounts for Rica Holdings (M) Sdn Bhd 11th & 12th Floor Menara Midf, 82 Jalan Raja Chulan 50200 Kuala Lumpur
	Description of "Others" Type of Transaction
3	10 Jul 2017	5,000,000	Disposed	Direct Interest
	Name of registered holder	MIDF Amanah Investment Nominees (Tempatan) Sdn Bhd
	Address of registered holder	Pledged Securities Accounts for Rica Holdings (M) Sdn Bhd 11th & 12th Floor Menara Midf, 82 Jalan Raja Chulan 50200 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares via open market and direct business transaction
Nature of interest	Direct Interest
Direct (units)	6,582,170
Direct (%)	5.61
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	6,582,170
Date of notice	10 Jul 2017
Date notice received by Listed Issuer	12 Jul 2017

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Date of change	14 Jul 2017
Name	MR NGEW SEE ENG
Age	47
Gender	Male
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Operating Officer
Reason	To pursue his own interests.