【VERSATL 4995 交流专区】蔚世泰

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蔚世泰探讨设IRISPAY电子概念店

（吉隆坡3日讯）蔚世泰（VERSATL,4995,主板工业产品组）与Iris世界行销公司签署备忘协议，探讨开设250家IRISPAY电子概念店的计划。

蔚世泰在文告中说，上述计划的发展总值介于6250万至7000万令吉。

文章来源：
星洲日报／财经·2017.08.04

Type	Announcement
Subject	OTHERS
Description	MEMORANDUM OF AGREEMENT ("MOA") BETWEEN VERSATILE SMART RESOURCES SDN. BHD. ("VSRSB"), A WHOLLY-OWNED SUBSIDIARY OF VERSATILE CREATIVE BERHAD ("VCB") AND IRIS WORLD MARKETING SDN BHD ("IWMSB") DATED 3 AUGUST 2017
The Board of Directors of VCB wishes to announce that VSRSB, a wholly-owned subsidiary of VCB, has on 3 August 2017 entered into a MOA with IWMSB to establish a basis for both parties to explore feasibilities of developing and creating a  total of two hundred and fifty (250) IRISPAY station E-Concept Stores (“the Project”) throughout Malaysia to support IRISPAY with an estimated gross development value ("GDV")  of approximately Ringgit Malaysia Sixty Two Million Five Hundred Thousand (RM62,500,000) to Ringgit Malaysia Seventy Million (RM70,000,000) prior to entering into a definitive agreement by both parties.    Upon entering into the MOA, VSRSB shall forthwith conduct an evaluation of the viability and feasibility of the Project (“Feasibility Study”) and a due-diligence exercise (“Due Diligence”) on IWMSB; 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 IWMSB IWMSB (Company No. 1199878-D), a company incorporated in Malaysia and having its registered address at 145A, Jalan Sutera Tanjung 8/1, Taman Sutera Utama, 81300, Skudai, Johor and a business address at Block A-3A-01, Oasis Damansara, Ara Damansara, Jalan PJU 1A/7A, 47301 P/J, Selangor Darul Ehsan, a company incorporated in Malaysia. IWMSB Directors and shareholders 1. Mr. Yeoh Wei Keong     50% shares 2. Mr Chua Yap Kun         50% shares Salient Terms of the MOA Iris World is desirous to create and develop a total of two hundred and fifty (250) IRISPAY Station E-Concept Stores throughout Malaysia to support IRISPAY (hereinafter referred to as “IRISPAY Stores”). IWMSB intends to work together with VSRSB whose core activity is in trading business, and acts as a commissioned agent to do project management consultancy works of business of property development and building construction, which has the capability of procuring the necessary expertise and resources in connection therewith. The project appears to be different from VCB core business and approval from proposed diversification might be required in embarking on new business after obtaining Shareholders approvals The said MOA is the result of detailed discussions between VSRSB and IWMSB (“the Parties”) and it is anticipated that a definitive agreement shall be drawn up within a period of three (3) months (“MOA Period”), subject to terms and conditions being ascertained from the date of the MOA. CONDITIONS PRECEDENT( “ CP “) Terms of MOA The appointment of the VSRSB in respect of the Project shall be conditional upon the Parties executing the definitive agreement and/or formal agreement of which shall include but not limited to the following conditions which shall form part of the definitive agreement and/or formal agreement: a. The Parties board of directors and shareholders within three (3) months from the date of this Memorandum of Agreement. b. The completion of legal and finance due diligence conducted on Iris World for the Project and the result and/or report of the due diligence must be satisfactorily to the Contractor.  For the avoidance of doubt, Iris World shall deliver the legal and finance due diligence to the Contractor within one (1) month from the date of this Memorandum of Agreement. c. Iris World shall use its best endeavour to procure the financing for the finance and complete the Projects. d. The Parties hereby acknowledge and agree that this Memorandum of Agreement shall supersede all previous arrangements, agreements and correspondences between the Parties. The project is expected to contribute positively on the earnings and EPS of VSRSB for the financial year  ending 31 March 2018 to financial year ending 31 March 2019 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 MOA. This announcement is dated 3 August 2017.

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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	13,432	12,438	13,432	12,438
2	Profit/(loss) before tax	24	-830	24	-830
3	Profit/(loss) for the period	24	-830	24	-830
4	Profit/(loss) attributable to ordinary equity holders of the parent	24	-830	24	-830
5	Basic earnings/(loss) per share (Subunit)	0.02	-0.71	0.02	-0.71
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 ($$)	0.4900		0.4700

icy97

蔚世泰拟整合业务．多元化至产业燕窝及建筑

（吉隆坡7日讯）蔚世泰（VERSATL,4995,主板工业产品组）计划整合现有业务，放眼探讨多元化业务至产业发展、燕窝出口及建筑领域提高获利。

该公司董事经理拿督黄光宗在股东大会后表示，计划整合旗下纸包装及塑料品生产线，提升产能及降低成本。

他指出，公司计划整合位于班达英丹的纸包装及乌拉港塑料生产线，预计整合后，纸包装业务有望增长30至40%，成本可减少20%。

目前该公司纸包装产能每月3000吨，塑料品为17万吨。

黄光宗说，现阶段还在物色土地及计算迁厂开销，尚无法预测未来盈利贡献。

他指出，本财政年业绩成长将由核心业务——纸包装及塑料品业务推动。

鉴于该业务已连续3个季度获利，他看好本财政年业绩将有利可图。在这之前，该公司获利不稳定，过去1年季度业绩跌多起少。

首间电子概念店料10月开张

随着新股东去年入股，该公司探讨多元化业务至产业发展、燕窝出口及建筑领域提高公司获利。

早前宣布开设的250家IRISPAY电子概念店计划，该公司将负责设计及兴建店面，预计在1年半完成建设，第一间料在10月开张。

至于产业发展计划，他说公司计划在班达英丹建设公寓，预测3至4年可完成，但未透露该计划发展总值。

燕窝出口方面，黄光宗表示，将趁中国需求走高之际，进军该高利润领域。目前该公司正在和供应商洽谈，预计今年内将有结果。

不过，因这两项新业务还在初步规划阶段，他还无法预测可为公司带多少贡献。

文章来源：
星洲日报／财经‧2017.09.08

icy97

icy97 发表于 4-8-2017 12:43 AM
蔚世泰探讨设IRISPAY电子概念店

（吉隆坡3日讯）蔚世泰（VERSATL,4995,主板工业产品组）与Iris世界行销公司签署备忘协议，探讨开设250家IRISPAY电子概念店的计划。

蔚世泰在文告中说，上述计划的发展总值介于6 ...

Type	Announcement
Subject	OTHERS
Description	SERVICE AND TECHNICAL ASSISTANT AGREEMENT BETWEEN VERSATILE SMART RESOURCES SDN. BHD. ("VSRSB"), A WHOLLY-OWNED SUBSIDIARY OF VERSATILE CREATIVE BERHAD ("VCB") AND IRIS WORLD MARKETING SDN BHD ("IWMSB") DATED 11 SEPTEMBER 2017
Reference is made to the announcement on 3 August 2017 in relation to the memorandum of agreement entered into between VSRSB and IWMSB to establish a basis for both parties to explore feasibilities of developing and creating a  total of two hundred and fifty (250) IRISPAY station E-Concept Stores (“the Project”) throughout Malaysia to support IRISPAY with an estimated gross development value ("GDV")  of approximately Ringgit Malaysia Sixty Two Million Five Hundred Thousand (RM62,500,000) to Ringgit Malaysia Seventy Million (RM70,000,000) prior to entering into a definitive agreement by both parties.    The Board of Directors wishes to announce that due diligence conducted on IWMSB for the Project had been partially completed and the result and/or report of the due diligence was satisfactorily to the IWMSB. VSRSB had performed the following exercise: conducted company search on IWMSB; reviewed the certified true copy of the Trademark more particularly described in the Schedule A of the Agreement; received confirmation that the paid up capital of IWMSB has been increased to the sum of Ringgit Malaysia One Million; and conducted the legal and finance due diligence on IWMSB. Exercise which are still in the progress before the commencement of the Project and Extraordinary General Meeting (“EGM”) to be convened: (a)         to review the  certified true copy of IWMSB’s Forms 24, 44, 49, Memorandum and Article of Association; and (b)          to review the certified true copy of IWMSB’s Directors’ and Members’ resolutions for entering into this Agreement with VSRSB and the appointment of the VSRSB for the Project. VCB is pleased to announce that VSRSB, a wholly-owned subsidiary company of VCB, has on 9 September 2017 entered into a Service and Technical Assistant Agreement ("SATAA") with IWMSB. Conditions Precedent (“CP”) Terms of the SATAA VSRSB shall within sixty (60) days from the date of execution hereof obtain from the shareholders of VCB the necessary approval and confirm with IWMSB as follows: (a)          for the diversification of VSRSB and/or VCB’s nature of business pursuant to the Listing Requirements of Bursa Malaysia Securities Berhad; and (b)          VSRSB and VCB’s Directors’ and Members’ resolutions for entering into this Agreement with IWMSB and to accept the appointment for the Project. Payment Terms of the SATAA IWMSB shall within fourteen (14) days from the date of receipt by VSRSB’s letter of confirmation and vacant possession of the particular IRISPAY Store to be renovated, pay a sum equivalent to thirty percent (30%) of the Renovation Costs for IRISPAY Store to VSRSB. In the event IWMSB fails and/or neglects to pay the Balance Renovation Costs to VSRSB after the expiry of the above said seven (7) days period, IWMSB agrees and covenants to pay VSRSB the late payment interest charges at the rate of one point five percent (1.5%) per month calculated on daily basis on all the Balance Renovation Costs remain outstanding from the date of the expiry of the said seven (7) days period until the date of full payment of the Renovation Costs thereof. IWMSB further acknowledges and agrees that VSRSB shall have the exclusive right to exercise its discretion to serve a notice on IWMSB to forthwith suspend all works at all the IRISPAY Stores in the event that IWMSB shall fail, refuse and/or neglect to settle and pay any of the Balance Renovation Costs to VSRSB after a period of seven (7) days from the date that any of the Balance Renovation Costs falls due irrespective of whether VSRSB officially demand for the payment of the Balance Renovation Costs or otherwise. Credit Risk VSRSB ‘s credit risk exposure for this project is ranging from RM150,000 to RM300,000 for FY2018 to FY2019 to generate RM3million profit and cash flow surplus. This announcement is dated 11 September 2017.

icy97

蔚世泰拟售艾力斯3.98%
筹1624万还债购机械

2017年9月14日
（吉隆坡13日讯）蔚世泰集团（VERSATL，4995，主板工业产品股）建议脱售艾力斯（IRIS，0010，创业板）的9842万4033股，相等于3.98%股权，预计脱售收益达1624万令吉。

蔚世泰集团是通过子公司蔚世泰纸箱私人有限公司，持有艾力斯。

蔚世泰集团向交易所报备，若脱售价为每股16.5仙，则可从中获得1624万令吉，主要用来偿还贷款及购买新设备及机械。

根据文告，蔚世泰集团当初投资艾力斯的成本为每股18.75仙。

该公司表示，偿还贷款后，每年可省下76万令吉的利息。

蔚世泰集团表示，艾力斯的股权算是非核心投资，且在财务报表内，也被归类为“可以脱售的财务资产”。【e南洋】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	VERSATILE CREATIVE BERHAD ("VCB" OR THE "COMPANY")        PROPOSED SHAREHOLDERS MANDATE FOR THE DISPOSAL OF 98,424,033 ORDINARY SHARES IN IRIS CORPORATION BERHAD ("ICB") ("ICB SHARES"), REPRESENTING 3.98% EQUITY INTEREST IN ICB HELD BY VERSATILE PAPER BOXES SDN BHD ("VPB"), THE WHOLLY-OWNED SUBSIDIARY OF VCB ("PROPOSED DISPOSAL MANDATE")
On behalf of the Board of Directors of VCB, M&A Securities Sdn Bhd wishes to announce that the Company proposes to obtain a mandate from its shareholders’ for the disposal of 98,424,033 ICB Shares held by VPB, subject to the parameters set out in Section 2 of this announcement. Further details of the Proposed Disposal Mandate are set out in the attachment below. This announcement is dated 13 September 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5543177

Attachments Versatile annoucement dated 13 September 2017.pdf

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Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-13092017-00001
Subject	Service and Technical Assistant Agreement (SATAA) between Versatile Smart Resources Sdn. Bhd. ("VSRSB") and Iris World Marketing Sdn Bhd ("IWMSB")
Description	SERVICE AND TECHNICAL ASSISTANT AGREEMENT BETWEEN VERSATILE SMART RESOURCES SDN. BHD. ("VSRSB"), A WHOLLY-OWNED SUBSIDIARY OF VERSATILE CREATIVE BERHAD ("VCB") AND IRIS WORLD MARKETING SDN BHD ("IWMSB") DATED 11 SEPTEMBER 2017
Query Letter Contents	We refer to the Company’s announcement dated 11 September 2017 in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1)    scope of the SATAA. 2)    salient terms and conditions of the SATAA including termination/breach clauses applicable to all parties and the consequential arrangements upon termination/breach. 3)    roles, rights and obligations of VSRSB and/or Versatile Creative Berhad (“VERSATL”) Group pursuant to the SATAA. 4)    basis of arriving at the estimated gross development value ("GDV") of approximately RM62,500,000 to RM70,000,000. 5)    location of the 250 IRISPAY station E-Concept Stores. 6)    rationale for entering into the SATAA and proposed diversification including any benefit which is expected to accrue to VERSATL Group as a result of the transaction. 7)    basis for the expectation that the SATAA will trigger a proposed diversification in operations carried on by VERSATL Group and the type of businesses that VERSATL Group intended to diversified into. 8)    the sources of funds to finance the renovation of IRISPAY Stores. 9)    further clarification on the terms of payment of the Balance Renovation Cost. 10)  elaboration on the risk factors of the new businesses, and the expertise and experience of the management of VERSATL Group in the new businesses. 11)   further clarification on “VSRSB‘s credit risk exposure for this project is ranging from RM150,000 to RM300,000 for FY2018 to FY2019 to generate RM3million profit and cash flow surplus”, the bases and assumptions of arriving at the estimations and whether they have been reviewed by the external auditors or reporting accountants. 12)  elaboration on the prospects of SATAA and the new businesses respectively, and the future plans to ensure sustainability of the new businesses. 13)  the effect of the proposed diversification on VERSATL Group, which includes the effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding. 14)  whether the directors and/or major shareholders and/or persons connected with a director or major shareholder have any interest, direct or indirect, in the SATAA and proposed diversification, and the nature and extent of their interests. 15)  a statement by the board of directors, excluding interested directors stating whether the SATAA and proposed diversification is in the best interests of VERSATL Group, and where a director disagrees with such statement, a statement by the director setting out the reasons and the factors taken into consideration in forming that opinion. 16)  estimated commencement and completion of the SATAA. 17)  the time and place where the SATAA may be inspected.
The Board of Versatile Creative Berhad (“VCB”) wishes to announce that the Company received a query from Bursa Malaysia on 13 September 2017 as stated above, pertaining the Service And Technical Assistance Agreement ("SATAA") entered on 9 September 2017 between our wholly owned subsidiary, Versatile Smart Resources Sdn. Bhd. (“VSRSB”) and Iris World Marketing Sdn Bhd ("IWMSB"). Subsequently, the announcement was made to Bursa Malaysia on 11 September 2017, in relation to the project. By way of adding clarity to the announcement and more information to the public, the Board would like to state that:- 1) Scope of the SATAA covers Appointment VSRSB as contractor for the project of renovating and building IRISPAY stores as the sole and exclusive right and authority: to commence the Project upon fulfilment of the Condition Precedent; and To use the Trademark in relation to the Project. 2) Salient terms and conditions of the SATAA including termination/breach clauses applicable to all parties. a. Condition precedent VSRSB had performed the following exercise: reviewed the certified true copy of the Trademark more particularly described in the Schedule A of this Agreement; and received confirmation that the paid up capital of IWMSB has been increased to the sum of Ringgit Malaysia One Million; Received the certified true copy of IWMSB’s Forms 24, 44, 49, Memorandum and Article of Association. VSRSB and VCB’s Directors’ resolutions for entering into this Agreement with IWMSB and to accept the appointment for the Project Condition precedent terms which are still in the progress before the commencement of the Project and Extraordinary General Meeting (“EGM”) to be convened: to review the certified true copy of IWMSB’s Directors’ and Members’ resolutions for entering into this Agreement with VSRSB and the appointment of the VSRSB for the Project; diversification of VSRSB and/or VERSATL Group’s nature of business pursuant to the Listing Requirements of Bursa Malaysia Securities Berhad; and VCB’s Members’ resolutions for entering into this Agreement with IWMSB and to accept the appointment for the Project. b) Comencement date The Agreement shall commence from the date of this Agreement and the expiry of a period of three (3) years from the date of agreement. c) Responsibility of parties VSRSB agrees to build, renovate and deliver 250 IRISPAY Stores according to IWDSB’s design and specifications and install 2,000 units of vending machines at IRISPAY stores upon delivery of the vending machine by IWDSB. d) Payment terms IWMSB shall within fourteen (14) days from the date of receipt by VSRSB of IWMSB’s letter of confirmation and vacant possession of the particular IRISPAY Store to be renovated, pay a sum equivalent to thirty percent (30%) of the Renovation Costs for IRISPAY Store to VSRSB. In the event IWMSB fails and/or neglects to pay the Balance Renovation Costs to VSRSB or after the expiry of the above said seven (7) days period, IWMSB agrees and covenants to pay VSRSB the late payment interest charges at the rate of one point five percent (1.5%) per month calculated on daily basis on all the Balance Renovation Costs remain outstanding from the date of the expiry of the said seven (7) days period until the date of full payment of the Renovation Costs thereof. IWMSB further acknowledges and agrees that VSRSB shall have the exclusive right to exercise its discretion to serve a notice on IWMSB to forthwith suspend all works at all the IRISPAY Stores in the event that IWMSB shall fail, refuse and/or neglect to settle and pay any of the Balance Renovation Costs to VSRSB after a period of seven (7) days from the date that any of the Balance Renovation Costs falls due irrespective of whether VSRSB officially demand for the payment of the Balance Renovation Costs or otherwise. e) Delivery of vacant possession VSRSB shall deliver vacant possession of each IRISPAY stores to IWMSB within 6 months upon receipt of keys as provided herein failing which VSRSB agrees and undertakes to pay interest at 8% per annum on the renovation costs to be calculated on daily basis from the expiry (6 months period until the actual date of vacant possession of the respective IRISPAY stores is delivered to the purchaser). f) Exclusivity The parties hereto hereby agree to abide by the provisions of this Agreement and may not during the Commencement Date of this Agreement and to negotiate and/or collaborate with any other party or parties in respect of the Project or otherwise which undermine the spirit of this Agreement. g) Assignment The Agreement shall be binding upon the permitted assigns and successors-in-title of the parties and none of the Parties hereto may assign its rights and obligations in whole or in part hereunder without the prior written consent of the other party. h) Expenses Each party shall be responsible for its own costs and expenses including but not limited to its solicitors’ costs in the preparation of this Agreement. i) Dispute resolution The parties agree to use all reasonable efforts to attempt to resolve all dispute. j) Notice All notice must be in legible writing in English and is deemed to be given by the sender and received by the addressee by 7 business days by registered post and delivered to the addressee by delivery in person. k) Governing law This Agreement shall be governed by and construed in accordance with the laws of Malaysia for the time being in force and the parties hereto shall submit to the exclusive jurisdiction of the Courts of Malaya. l) Industrial property rights IWMSB warrants that it is the legal owner and has exclusive rights to the Trademark m) Indemnity IWMSB hereby agrees and undertakes to hold harmless and to indemnify and to keep the Contractor fully indemnified against all claims and/or demands that may be made by third parties arising out of the use of the Trademark and/or the IRISPAY Stores. n) Confidentiality of information All communication and information shall be consider privy and shall be kept confidential. o )    Termination This Agreement shall commence from the date of execution hereof and shall continue to be in force until early determination as follows: Where the party fails to perform its obligation or commits a breach under this Agreement or failed to comply with the terms and conditions of this Agreement, the other party shall be at liberty, without being obliged to do so, to issue to the defaulting party a notice specifying the breach or default and stipulating, unless specific provisions are contained in this Agreement, require remedial actions on such breach or defaults within seven (7) calendar days from the date of the notice. This Agreement shall be considered to have been terminated upon the occurrence of all or any of the following events: a) A petition has been presented against any party in any court of competition jurisdiction. b) A resolution has been passed by any party for the winding up of its business or operation. c) Any encumbrance taking possession of or trustee, receivers and managers or similar officer being appointed for the whole or substantial part of the property, undertaking or any part of any party involved in this Agreement. d) Legal proceedings, suits or actions of whatsoever nature (whether criminal or civil) being instituted against any party to this Agreement which will or may materially affect the ability of that party to perform or observe the obligations under this Agreement. e) Any party become insolvent or become unable or deemed unable to pay its debts or admitted in writing its inability to service its liabilities as they mature or enter into composition or arrangement with its creditors or make a general assignment for the benefit of its creditors or declare a general moratorium on the servicing of creditors. f) Any material and adverse change in the business, assets, management of financial positions of any party to this Agreement to perform its obligations under this Agreement. g) Where the business of the Party can only be carried on at a heavy loss or been rendered illegal by the operation of any law in Malaysia. The consequential arrangements upon termination/breach: In the event that this Agreement is terminated for whatsoever reasons, neither party shall have any claim against each other save in accordance with the expressed provisions of this Agreement. The termination of this Agreement shall not release either party from the payment of any sum or sums owing to or by as a result of the performance of this Agreement. Upon termination of this Agreement all liabilities of payment to be made under this Agreement or in connection with the Project hereunder shall immediately become due. Upon termination of this Agreement, the Contractor shall discontinue immediately all renovation works with reference to the Project and shall also discontinue immediately the use of IWMSB’s name or Trademarks in any form. 3) Roles, rights and obligations of VSRSB and/or Versatile Creative Berhad (“VERSATL”) Group pursuant to the SATAA consist of: The VSRSB agrees to build, renovate and deliver 250 IRISPAY Stores according to IWMSB’s design and specifications at the price of between Ringgit Malaysia Fifty Thousand (RM50,000.00) only to Ringgit Malaysia Eighty Thousand (RM80,000.00) only for each of the IRISPAY Stores (hereinafter referred to as “the Renovation Costs”). VSRSB further agrees to install a total of two thousand (2,000) units of vending machine at the IRISPAY Stores upon delivery of the vending machine by IWMSB to the IRISPAY Stores and the installation shall be in accordance with IWMSB’s needs and specifications.  The estimated costs of the vending machines shall be approximately Ringgit Malaysia Twenty Five Thousand (RM25, 000.00) only per unit and IWMSB undertakes and agrees with VSRSB that IWMSB shall pay the costs of the vending machine to VSRSB for the VSRSB to settle the payment for the purchase of the vending machine to the supplier subject to and upon the supplier’s terms and conditions to be imposed thereto. 4) Basis of arriving at the estimated gross development value ("GDV") of approximately RM62,500,000 to RM70,000,000. Total No of stores – 250 stores Renovation – RM50,000 – RM80,000 per stores Total units of vending machine – 2,000 vending Vending machine – RM25,000 per vending Minimum = (250 stores x RM50,000) + (2,000 units of vending machines x RM25,000) = RM62,500,000 Maximum = (250 stores x RM80,000) + (2,000 units of vending machines x RM25,000) = RM70,000,000 5) Location of the 250 IRISPAY station E-Concept Stores will be located throughout Malaysia. 6) Rationale for entering into the SATAA and proposed diversification including any benefit which is expected to accrue to VERSATL Group as a result of the transaction as it is expected to generate positive contribution to VERSATL Group’s future revenue and profitability. 7) Basis for the expectation that the SATAA will trigger a proposed diversification in operations carried on by VERSATL Group and the type of businesses that VERSATL Group intended to diversified into. the estimated total profit of the project is expected to be at range of minimum RM3 million, which is   expected to be 25% or more of the net profits of RM70,879 recorded in the Group audited financial statement for the financial year ended 31 March 2017 ; The Group intended to diversify its principal activities to renovation business and property management consultancy business as a stepping stone to venture into Property/construction in future. 8) The sources of funds to finance the renovation of IRISPAY Stores are based on: 30% renovation Deposit from IWMSB shall be paid to VSRSB within fourteen (14) days upon receipt letter of confirmation from VSRSB on the IRISPAY stores to be renovated. Progressive billing to IWMSB which is based percentage of completion, upon receipt of the billing from VSRSB, IWMSB shall pay VSRSB within 7 days. Any shortfall of the sources of fund will be financed by the group internally generated fund. 9) The balance and/or remaining sum of seventy percent (70%) of the Renovation Costs for the IRISPAY Store shall be paid by IWMSB to the VSRSB within seven (7) days upon receipt by IWMSB of the progressive billing and/or Tax Invoice from the VSRSB with the condition that after vacant possession of the particular IRISPAY Store has been delivered to VSRSB and the IRISPAY Store has been renovated in accordance with the design and/or specifications approved by IWMSB. 10) The risk factors of the new businesses, and the expertise and experience of the management of VERSATL Group in the new businesses are as stated below: Expertise risk: VSRSB has identified the competent outsourced contractors with sufficient expertise and experience in this field to overcome VSRSB expertise issue. The payment arrangement will be on back to back basis with payments from IWMSB. Credit risk: Minimum credit risk with 30% down payment and 7 days term on progressive billing based on percentage of completion. Risk of Building material costs fluctuation: The fluctuation may range from 10% to 15 over period of one to two years. There is a buffer of RM30, 000 per outlet in the contract to mitigate the impact of this subject to mutual agreement between VSRSB and IWMSB.    11) VSRSB‘s credit risk exposure for this project ranging from RM150,000 to RM300,000 for FY2018 to FY2019 to generate RM3million estimated profit and cash flow surplus stated in 11th September 2016 announcement  are based on the assumptions below: Based on 6 % margin or RM2million profit  to renovate 200 outlets of IRISPAY stores from Q3’FY18 to Q4’FY19, expected to generate  renovation revenue of RM10 million with the cost of RM8million after checking the cost with the outsourced contractor            Renovation revenue RM50, 000 per outlet: 200 x 50,000 = RM10 million.            less            Cost incurred for renovation works RM40, 000 per outlet = RM8 million.                                                                                             Profits: RM2 million Trading profit of RM1million expected to arrive from 1,600 units of vending machines up from Q3 FY’18 to FY’19 at RM25, 000 per unit with a margin of 2.5%. VSRSB expected to do 6 to 20 outlets per month which can be completed over period of 4 weeks on gradually increased basis. Therefore, based on first 2 weeks or 30% progressive billing of RM50,000 per outlet, our exposure from 6 units to 20 units of IRISPAY stores on monthly basis are as below            6 outlets x 30% of RM50,000 per outlet = RM150,000                                             or            20 outlets x 30% of RM50,000 per outlet = RM300,000 If there is any delay in payment, VSRSB reserves the right to stop the works immediately as stated in the agreement. The forecast has not been reviewed by our external auditor or reporting accountant. 12) The prospects of SATAA and the new businesses respectively, and the future plans to ensure sustainability of the new businesses. VSRSB will closely monitor the risk factors of the business as mentioned in answer (10) to ensure prompt completion of the project prior looking for other renovation projects. If there is any delay in payment from IWMSB, VSRSB might on hold the renovation works immediately and simultaneously monitor the building material cost closely. VSRSB is optimistic about the sustainability of new business via risk mitigation measures discussed above. 13) The effect of the proposed diversification on VERSATL Group, which includes the effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding. Financial effects of the Proposed SATAA a) Earnings and earnings per share The Group would generate a total estimated profit at the range of minimum RM3 million upon completion of the project over period of 21 months and expected to increase the earnings per share by at least RM 0.026 assuming no doubtful debts from IWMSB. b) Net assets per share The estimated contribution of the project to the net assets per share of the VERSATL is RM0.01 from RM 0.47 as at 31st March 2017 to RM0.48 upon completion of project. c) Gearing There will be no change to the gearing. d) Share capital and substantial shareholders shareholdings There will be no change to issued share capital and substantial shareholders’ shareholding. 14)   None of the Directors and/or major shareholders and/or persons connected to them, have any interest, direct or indirect in the SATAA. 15) The Board is of the opinion that the Proposed SATAA is in the best interest of VERSATL Group in light of the cash flow forecast and profit projections for the project. The expected outcome of the project will depend on the accuracy of assumptions used for the projection, level of control and supervision applied during the implementation of the project and the quality of the contractor appointed by VSRSB. The Managing Director, Dato’ Wong Kong Choong @ Leong Kong Choong will personally monitor the implementation of the project. Besides, the Group Chief Financial Officer, Tan Quok Eow will monitor the progress billing and any issues such as delayed of the project, non-payment and cost overrun will be raise to Dato’ Wong as soon as possible for corrective action to be taken. In addition, VSRSB has to engage a competent site supervisor to monitor the quality of work done by the contractor and to raise any quality issue to Dato’ Wong once discovered and not rectified by the contractor. With the measures to put in place and with the closely monitor by Dato’ Wong, the proposed diversification is in the best interests of the VERSATL Group. 16)   Estimated commencement of SATAA : fourth quarter of 2018         Estimated completion of SATAA          : 21 months (second quarter of 2020) 17)  The documents are available for inspection during normal office hours (expect public holidays at the registered office of Versatile Creative Berhad at Unit 30-01, Level 30, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8 Jalan Kerinchi 59200 Kuala Lumpur, for a period of three (3) months from the date of this announcement. This announcement is dated 15 September 2017.

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Type	Announcement
Subject	OTHERS
Description	DISTRIBUTORSHIP AGREEMENT BETWEEN VERSATILE CREATIVE PLASTIC SDN. BHD. (FORMERLY KNOWN AS FAIRPOINT PLASTIC INDUSTRIES SDN. BHD.) ("VCPSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF VERSATILE CREATIVE BERHAD ("VCB" OR THE COMPANY) AND JONKER STREET COFFEE SDN BHD ("JSCSB")
1. INTRODUCTION Pursuant to Paragraph 9.03 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Versatile Creative Berhad ("VCB") (“Board”) wishes to announce that VCPSB, an indirect wholly owned subsidiary of the Company, had on 26th October 2017 entered into a Distributorship Agreement (“Agreement”) with JSCSB for the purpose of appointing JSCSB as its sole and exclusive distributor to distribute, market and sell VCPSB’s products such as tubs, Chinese spoons, long forks and long spoons (“Products”) within Malaysia by using VCPSB’s trademarks, mainly Rica brand products and upon the terms and conditions as explained in Section 3 of this announcement. 2. INFORMATION OF JONKER STREET COFFEE SDN. BHD. JSCSB was incorporated in Malaysia under the Companies Act, 1965 on 17 March 2009 with a paid up capital of RM340,000. The principal activities of JSCSB is as manufacturer and general trader of coffee products. The Directors of JSCSB are Mr. Koh Lai Soon and Mdm. Lee Sook Yee. The shareholders and their respective shareholding are as follows:- Name   Number of shares   % shareholding Mr. Koh Lai Soon           170,000              50 Mdm. Lee Sook Yee           170,000             50 3. The Rationale and Benefits of Entering The Agreement for VCPSB and JSCSB The agreement would establish a win-win situation for both VCPSB and JSCSB by generating additional profits and cost saving as stated below: a) With the purchase commitments from JSCB, VCPSB can enhance the utilisation of recycled materials from its primary products to fill up the machine capacity which would have effect to pare down its unit fixed cost. The concentration and focus on sole distributer would also reduce number of marketing staff involved in this segment, and assign the excess marketers from this to focus on higher margin primary products. b) Mr. Koh, the owner of JSCB, has been in food industry for more than 20 years. With his networking and technical knowhow, he can diversify his business with this business opportunity to generate additional revenue and profits for JSCB. 4. SALIENT TERMS OF THE AGREEMENT 4.1 Scope of The Agreement: 4.1.1 Unless expressly agreed by the VCPSB, JSCSB shall not purchase any of the Products, from any party other than VCPSB. 4.1.2 JSCSB agreed to use its best efforts jointly with the VCPSB to develop the market and promote sales of the Products within Malaysia. 4.1.3 VCPSB shall not appoint any other person, firm or company as additional distributor or agent for the Products in Malaysia while the Agreement is still in effect. 4.1.4 VCPSB shall on the best effort basis, take all necessary steps to minimise the parallel import of the Products into JSCSB’s territory in Malaysia by its competitors. 4.1.5 JSCSB shall be entitled to describe itself as the VCPSB’s “Authorised sole and exclusive distributor” for the Products. 4.2  The Terms of Agreement 4.2.1 Duration of the Agreement is five (5) years, commencing from the date of the Agreement (“Duration Period”). It is renewable at the discretion of the management of VCPSB based on the performance of JSCSB. 4.2.2 The total contract value based on the minimum purchase requirement agreed by JSCSB and VSPSB over the Duration Period is as follows: Month Budgeted Yearly purchases (RM’000 ) Financial year ending (“FY”) 2018 Total 9,000 FY 2019 Total 24,000 FY 2020 Total 30,000 FY 2021 Total 37,500 FY 2022 Total 46,875 Total Contract Value 147,375 4.2.3 JSCSB agreed that the business for the Products shall have an annual growth of at least twenty five percent (25%) effective from the financial year 2019 onwards. 4.3  Termination The Agreement shall commence from the date of the Agreement and shall continue to be in force until early determination as follows: 4.3.1 Where the party fails to perform its obligation or commits a breach under the Agreement or failed to comply with the terms and conditions of the Agreement, the other party shall be at liberty, without being obliged to do so, to issue to the defaulting party a notice specifying the breach or default and stipulating, unless specific provisions are contained in the Agreement, require remedial actions on such breach or defaults within seven (7) calendar days from the date of the notice. 4.3.2 The Agreement shall be considered to have been terminated upon the occurrence of all or any of the following events: i) A petition has been presented against any party in any court of competition jurisdiction. ii) A resolution has been passed by any party for the winding up of its business or operation. iii) Any encumbrance taking possession of or trustee, receivers and managers or similar officer being appointed for the whole or substantial part of the property, undertaking or any part of any party involved in the Agreement. iv) Legal proceedings, suits or actions of whatsoever nature (whether criminal or civil) being instituted against any party to the Agreement which will or may materially affect the ability of that party to perform or observe the obligations under the Agreement. v) Any party become insolvent or become unable or deemed unable to pay its debts or admitted in writing its inability to service its liabilities as they mature or enter into composition or arrangement with its creditors or make a general assignment for the benefit of its creditors or declare a general moratorium on the servicing of creditors. vi) Any material and adverse change in the business, assets, management of financial positions of any party to the Agreement to perform its obligations under the Agreement. vii) Where the business of JSCSB can only be carried on at a heavy loss or been rendered illegal by the operation of any law in Malaysia. 4.3.3 In the event that the Agreement is terminated for whatsoever reasons, neither party shall have any claim against each other save in accordance with the expressed provisions of the Agreement. 4.3.4 The termination of the Agreement shall not release either party from the payment of any sum or sums owing to or by as a result of the performance of the Agreement.  The sum payable by either party shall be determined after the return of unsold stocks to VCPSB at the price billed by VCPSB plus the attributable JSCSB’s inward freight costs. 4.3.5 Upon termination of the Agreement: i) all liabilities of payment to be made under the Agreement or in connection with the sale of the Products hereunder shall immediately become due. ii) JSCSB shall discontinue immediately all advertising or promotions with reference to the Products and shall also discontinue immediately the use of VCPSB’s name or trademarks in any form. 5. EFFECTS OF THE AGREEMENT 5.1 Share capital The Agreement does not have any effect on the issued and paid up share capital of VCB. 5.2 Net Assets (“NA”), NA per share and gearing The Agreement is expected to contribute positively to the NA, NA per share and with no effect on the gearing of VCB group for the financial year ending 31 March 2018 until financial year ending 31 March 2022 respectively. 5.3 Shareholdings of substantial shareholders The Agreement does not have any effect on the shareholding of the substantial shareholders of VCB. 5.4 Earnings and Earnings per share (“EPS”) The Agreement is expected to contribute positively to the earnings and EPS of VCB group for the financial year ending 31 March 2018 until financial year ending 31 March 2022 respectively. 6. RISK FACTORS The Company does not foresee any exceptional risk other than normal operational risks and credit risk associated with the Agreement which imposed a credit limit of RM3,000,000 to mitigate the exposure of the risks. 7.         DIRECTORS’ AND/OR MAJOR SHAREHOLDER’ INTEREST AND PERSONS CONNECTED WITH THEM None of the Directors and/or major shareholders of VCB or person connected with them have any interest, whether direct or indirect, in the Agreement. 8.         DIRECTORS’ STATEMENT The Board having considered the Agreement is of the opinion that the Agreement is in the best interest of the Company. This announcement is dated 26th October 2017.

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

VERSATILE CREATIVE BERHAD

Particulars of Substantial Securities Holder

Name	PROF DR WONG KONG YEW @ LEONG KONG YEW
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARES
Name & address of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.PLEDGE SECURITIES ACCOUNT FOR WONG KONG YEW @ LEONG KONG YEW13TH 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	Indirect Interest
Total no of securities after change
Direct (units)	2,185,000
Direct (%)	1.862
Indirect/deemed interest (units)	5,939,250
Indirect/deemed interest (%)	5.062
Date of notice	21 Nov 2017
Date notice received by Listed Issuer	21 Nov 2017

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

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

1	Revenue	13,147	10,852	26,580	23,290
2	Profit/(loss) before tax	96	-791	120	-1,621
3	Profit/(loss) for the period	96	-791	120	-1,621
4	Profit/(loss) attributable to ordinary equity holders of the parent	96	-791	120	-1,621
5	Basic earnings/(loss) per share (Subunit)	0.08	-0.67	0.10	-1.38
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 ($$)	0.5000		0.4700

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Date of change	06 Dec 2017
Name	MR YAP JEE WYE
Age	47
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non Executive Director
New Position	Executive Director
Directorate	Executive
Qualifications	Diploma in Higher Accounting, London Chamber of Commerce Industry United Kingdom (UK)
Working experience and occupation	Finance trained, joined Four Media Company Asia Pte Ltd (now known as Ascent Media Pte Ltd), a Singapore subsidiary of Ascent Media, a Nasdaq listed company, as a Finance Manager from 1995 to 2007. During these 13 years, Andy Yap has successfully set up a robust financial system, to manage the broadcasting services company, serving customers like MTV Asia, Discovery, Nickelodeon and advertising agencies. During 2007, Andy Yap resigned from Ascent Media Pte Ltd and joined Bombardier, a Toronto Stock Exchange listed companies, with a market capital of USD3 billion, a well-known brand in transportation industry, manufacturing aircraft, passenger movers trains, locomotives and snow mobile. Andy Yap managed the financial matters for all Bombardiers Singapore and Malaysia subsidiaries, supplying MRT and LRT trains to Singapore and Malaysia authority. Andy Yap is also a pioneer in setting up the first Bombardiers shared service centre (SSO) based in Cebu, Philippines, consolidated 3 countries finance operation to the SSO. In Year 2013, Andy Yap holds a directorship, was transferred to aerospace division, to start up a world-class private jet service centre in Singapore, managing the financial matter, facility management and securities. In mid-2016, Andy Yap established his own firm in Singapore, JW Visions, to provide business consultancy services.
Family relationship with any director and/or major shareholder of the listed issuer	He has no family relationship with any other Directors and/or substantial shareholders of VCB.
Any conflict of interests that he/she has with the listed issuer	He has no conflict of interest with VCB and has no convictions for any offences within the past 10 years.
Details of any interest in the securities of the listed issuer or its subsidiaries	2,094,200 ordinary shares of RM0.50 each

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Date of change	06 Dec 2017
Name	DATO' WONG KONG CHOONG @ LEONG KONG CHOONG
Age	47
Gender	Male
Nationality	Malaysia
Designation	Managing Director
Directorate	Executive
Type of change	Others
Description	Being appointed as Group Chief Executive Officer cum Managing Director in VCB.
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.
Family relationship with any director and/or major shareholder of the listed issuer	He has no family relationship with any other Directors and/or substantial shareholders of VCB.
Any conflict of interests that he/she has with the listed issuer	He has no conflict of interest with VCB and has no convictions for any offences within the past 10 years.
Details of any interest in the securities of the listed issuer or its subsidiaries	8,877,600 ordinary shares of RM0.50 each

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Name	ORIENTAL MACE SDN BHD
Address	8TH FLOOR WISMA HUAZONG LOT 15285 0.7KM LEBUHRAYA SUNGAI BESI 43300 SERI KEMBANGAN MALAYSIA 433000 Selangor Malaysia.
Company No.	1009982-D
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	20 Nov 2017	324,000	Acquired	Indirect Interest
	Name of registered holder	SJ SEC NOMINEES (TEMPATAN) SDN BHD
	Address of registered holder	Pledged securities account for Kong Wei Peng Ground Floor, The Podium, Wisma Synergy, 72 Persiaran Jubli Perak, Seksyen 22, 40000 Shah Alam Selangor
	Description of "Others" Type of Transaction
2	04 Dec 2017	770,600	Acquired	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
3	04 Dec 2017	411,400	Disposed	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
4	05 Dec 2017	820,000	Acquired	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
5	05 Dec 2017	1,345,800	Disposed	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
6	06 Dec 2017	46,700	Acquired	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
7	06 Dec 2017	721,000	Disposed	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
8	07 Dec 2017	394,000	Acquired	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
9	07 Dec 2017	770,600	Disposed	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
10	08 Dec 2017	1,597,000	Acquired	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
11	11 Dec 2017	1,426,700	Disposed	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
12	12 Dec 2017	877,800	Acquired	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition/disposal of shares via open market/direct business transaction
Nature of interest	Direct and Indirect Interest
Direct (units)	6,595,150
Direct (%)	5.621
Indirect/deemed interest (units)	4,296,200
Indirect/deemed interest (%)	3.661
Total no of securities after change	10,891,350
Date of notice	12 Dec 2017
Date notice received by Listed Issuer	15 Dec 2017

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Name	ORIENTAL MACE SDN BHD
Address	8TH FLOOR WISMA HUAZONG LOT 15285 0.7KM LEBUHRAYA SUBGAI BESI 43300 SERI KEMBANGAN SERI KEMBANGAN 43300 Selangor Malaysia.
Company No.	1009982-D
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARES

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	14 Dec 2017	454,900	Acquired	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
2	14 Dec 2017	2,368,700	Disposed	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
3	15 Dec 2017	926,000	Acquired	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition/disposal of shares via open market
Nature of interest	Direct Interest
Direct (units)	5,607,350
Direct (%)	4.779
Indirect/deemed interest (units)	4,296,200
Indirect/deemed interest (%)	3.661
Total no of securities after change	9,903,550
Date of notice	15 Dec 2017
Date notice received by Listed Issuer	19 Dec 2017

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

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

1	Revenue	14,278	11,961	40,857	35,251
2	Profit/(loss) before tax	4	316	125	-1,305
3	Profit/(loss) for the period	4	316	125	-1,305
4	Profit/(loss) attributable to ordinary equity holders of the parent	4	316	125	-1,305
5	Basic earnings/(loss) per share (Subunit)	0.00	0.27	0.11	-1.11
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 ($$)	0.5000		0.4700

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Name	ORIENTAL MACE SDN BHD
Address	8TH FLOOR WISMA HUAZONG LOT 15285 0.7KM LEBUHRAYA SUBGAI BESI 43300 SERI KEMBANGAN SERI KEMBANGAN 43300 Selangor Malaysia.
Company No.	1009982-D
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARES

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	12 Feb 2018	502,900	Acquired	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
2	12 Feb 2018	1,331,600	Disposed	Direct Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Oriental Mace Sdn Bhd 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction
3	12 Feb 2018	168,400	Disposed	Indirect Interest
	Name of registered holder	TA NOMINEES (TEMPATAN) SDN. BHD.
	Address of registered holder	Pledged securities account for Prof. Dr. Wong Kong Yew @ Leong Kong Yew 13th Floor, Menara TA One, 22, Jalan P. Ramlee, 50250 Kuala Lumpur.
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition/disposal of shares via open market
Nature of interest	Direct and Indirect Interest
Direct (units)	6,692,250
Direct (%)	5.703
Indirect/deemed interest (units)	4,127,800
Indirect/deemed interest (%)	3.518
Total no of securities after change	10,820,050
Date of notice	12 Feb 2018
Date notice received by Listed Issuer	27 Feb 2018

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Date of change	05 Mar 2018
Name	MR WAN TAK CHUAN
Age	63
Gender	Male
Nationality	Hong Kong
Designation	Non Executive Director
Directorate	Non Independent and Non Executive
Type of change	Resignation
Reason	To pursue personal interests.
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	As previously announced.
Working experience and occupation	As previously announced.
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	INDIRECT INTEREST - 6,292,170 ORDINARY SHARES OF RM0.50 EACH (DEEMED INTERESTED BY VIRTUE OF HIS INTEREST IN RICA HOLDINGS (M) SDN BHD)

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Notice of Person Ceasing (Section 139 of CA 2016)

VERSATILE CREATIVE BERHAD

Particulars of Substantial Securities Holder

Name	ORIENTAL MACE SDN BHD
Address	TA NOMINEES (TEMPATAN) SDN. BHD. PLEDGE SECURITIES ACCOUNT FOR ORIENTAL MACE SDN. BHD. 13TH FLOOR, MENARA TA ONE, SERI KEMBANGAN 43300 Selangor Malaysia.
Company No.	1009982-D
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARES OF RM0.50 EACH
Date of cessation	08 Mar 2018
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

No of securities disposed	5,919,300
Circumstances by reason of which a person ceases to be a substantial shareholder	The total number of shares held after the disposal is 2,810,750 which is less than 5% of the total issued share capital.
Nature of interest	Direct Interest
Date of notice	08 Mar 2018
Date notice received by Listed Issuer	14 Mar 2018

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	VERSATILE CREATIVE BERHAD ("VCB" OR "COMPANY") PROPOSED PRIVATE PLACEMENT
On behalf of the Board of Directors of VCB, M&A Securities Sdn Bhd to announce that VCB proposes to undertake a private placement of up to 11,733,800 new ordinary shares in VCB, representing approximately 10% of the issued shares in VCB to independent third party investor(s) to be identified. Further details of the Proposed Private Placement are set out in the attachment below. This announcement is dated 13 April 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5757937

Attachments Announcement dated 13 April 2018.pdf

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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, 10 April 2017, 10 July 2017, 10 October 2017, 12 October 2017 and 10 January 2018 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 there is no material development on the status of MOU since the signing of the above MOU. The reply from DAVSB pertaining our request on the proposed repayment of land conversion cost is still pending, and VSPSB has decided not to pursue the MOU further. There is no financial impact on the Company. This announcement is dated 10 April 2018.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		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	14,346	12,230	55,203	47,481
2	Profit/(loss) before tax	-5,812	2,036	-5,688	731
3	Profit/(loss) for the period	-6,726	1,376	-6,602	71
4	Profit/(loss) attributable to ordinary equity holders of the parent	-6,726	1,376	-6,602	71
5	Basic earnings/(loss) per share (Subunit)	-5.73	1.17	-5.63	0.06
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 ($$)	0.4400		0.4700