【TSH 9059 交流专区】陈顺风资源

icy97

icy97 发表于 4-3-2022 09:49 AM
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_det ...

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	TSH RESOURCES BERHAD ("TSH" OR THE "COMPANY")DISPOSAL BY PT BULUNGAN CITRA AGRO PERSADA ("BCAP"), A 90%-OWNED SUBSIDIARY OF TSH, OF BCAPS OIL PALM PLANTATION, TOGETHER WITH THE UNCERTIFIED LAND ADJOINING THE PLANTATION, ALL SITUATED AT NORTH KALIMANTAN, INDONESIA ("SALE LAND") FOR A TOTAL DISPOSAL CONSIDERATION OF RP2,428.86 BILLION (EQUIVALENT TO APPROXIMATELY RM731.09 MILLION) TO BE SATISFIED ENTIRELY BY CASH ("DISPOSAL")
Unless otherwise defined, all terms used in this announcement shall have the same meanings as defined in the announcements dated 10 December 2021, 7 February 2022, 8 March 2022, 4 April 2022, 7 June 2022, 29 June 2022, 9 August 2022, 18 January 2023 and 4 July 2023, as well as the circular to shareholders dated 7 June 2022 in relation to the Disposal (“Circular”). For the avoidance of doubt, we have adopted the exchange rate of Rp1.00: RM0.000301 as disclosed in the Circular for the purpose of this announcement. On behalf of the Board of Directors of TSH, RHB Investment Bank wishes to announce that KIKI, KIPI and BCAP had on 7 August 2024, mutually agreed to terminate the acquisitions in respect of HGU 32, HGU 33 and HGU 35 (hereinafter collectively referred to as the "said HGUs"). The reason for the termination is due to the non-fulfilment of a condition precedent namely, the signing of the Minutes of Clean and Clear by KIKI or KIPI, as the case may be, and BCAP by the Extended Long Stop Date and the inability of the Parties to mutually agree upon an alternative measure for the closing of the said HGUs within 30 days from the expiry of the Extended Long Stop Date. Following the termination, BCAP shall within 14 days from the date of termination i.e. 7 August 2024, refund to KIKI and KIPI their respective Down Payments for the said HGUs totalling IDR59.21 billion (equivalent to approximately RM17.82 million), free of interest and thereafter, the acquisition in respect of the said HGUs, shall be deemed cancelled and of no further effect and KIKI, KIPI and BCAP shall be released from further obligation or liability with respect to the said HGUs pursuant to the CSPA. The total consideration of the said HGUs collectively amount to Rp943.27 billion (equivalent to approximately RM283.92 million) of the Disposal Consideration and represents approximately 38.84% of the total Disposal Consideration of Rp2,428.86 billion (equivalent to approximately RM731.09 million). To date, the Disposal Consideration received by the Group for the Disposal totals Rp1,466.57 billion (equivalent to approximately RM441.44 million). Pursuant to the above, the CSPA has come to an end and hence, the Disposal is deemed to be completed pursuant to the CSPA. The Management views the termination of the said HGUs positively as 3,333 hectares out of the total 5,397.53 hectares of the said HGUs have already been planted with oil palms and are yielding an average of more than 22 metric tonnes per hectare. As at 31 March 2024, the weighted average age of the palms is approximately 12 years, which is relatively young and hence, augurs well for the Group’s FFB production and operating profit in the coming years. This announcement is dated 8 August 2024.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	252,517	256,570	494,905	506,868
2	Profit/(loss) before tax	35,946	27,503	70,973	81,728
3	Profit/(loss) for the period	25,305	16,580	50,482	54,513
4	Profit/(loss) attributable to ordinary equity holders of the parent	20,630	10,562	40,703	39,990
5	Basic earnings/(loss) per share (Subunit)	1.49	0.77	2.95	2.90
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 ($$)	1.4562		1.4831

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TSH RESOURCES BERHAD

Date of change	01 Sep 2024
Name	DATUK KELVIN TAN AIK PEN
Age	66
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non Executive Chairman
New Position	Executive Chairman
Directorate	Executive

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Others	Honorary Doctorate in Philosophy (Agroforestry)	Universiti Malaysia Sabah

Working experience and occupation	Kelvin is the Chairman and Co-Founder of the Company. He has been a Director of TSH since 17 January 1986.  He also sits on the board of a number of private companies. In 1997, Kelvin started the cocoa trading business in Bagan Datoh, Perak. Anticipating that national production of cocoa would be centered in the east coast of Sabah, he made a step to expand to Tawau in 1986. He pioneered the integrated concept of cocoa business with both upstream sourcing and downstream processing.  In 1988, CocoaHouse Industries Sdn. Bhd., a joint venture with the Commonwealth Development Corporation of UK, set up a cocoa butter/powder processing plant in Port Klang. Kelvin embarked on a similar approach with oil palm. In the 1990's, he established oil palm plantations and palm oil mills in Sabah. To enhance the economic and environmental sustainability of TSH's oil palm business, a biomass cogeneration plant was built in 2004. In 2006, TSH-Wilmar Sdn. Bhd., a downstream palm oil refinery joint venture was set up with Wilmar as a partner. Kelvin with business entrepreneur, Garibaldi Thohir, expanded TSH's operations to Indonesia in 2003, which now has 36,000 ha of oil palm and 4 palm oil mills, transforming TSH into a regional integrated oil palm plantation player with upstream and downstream activities.  Garibaldi Thohir is the CEO and a significant shareholder of Adaro Energy.TSH was listed on the Second Board of Bursa Malaysia in 1994, before being subsequently elevated to the Main Board in 2000.  Kelvin was also the catalyst and spearheaded the secondary listing of TSH on the Main Board of Singapore Exchange Securities Trading Limited in September 2023.He spearheaded the biodiversity conservation programme in the ultramafic forest of the Meliau Range in close collaboration with the Sabah Forestry Department. From 2010 to 2013, he was the trustee of the Borneo Conservation Trust Sabah.
Family relationship with any director and/or major shareholder of the listed issuer	He is a brother of Tan Aik Kiong.
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	He holds 342,708,887 ordinary shares in TSH Resources Berhad

Date of change	01 Oct 2024
Name	MR R KRISHNA MOORTHY RAMASAMY
Age	62
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Operating Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Degree B. Sc. Agriculture University Putra Malaysia
Working experience and occupation	Krishna has 36 years of experience in oil palm plantation management which comprise 15 years in Malaysia and 21 years in Indonesia. He started his career in the oil palm industry in 1988 and spent 15 years with two plantation companies in Malaysia, Austral Enterprises Bhd and Dunlop Estate Bhd (under IOI Group). From 2005 to 2017, he was attached with a few plantation companies in Indonesia namely Kalimantan Plantation Unit (AGRINDO), PT Sampoerna Agro Tbk and PT Sinar Dinamika Kapuas (Lyman Agro) and held various senior positions. In 2017, he joined Minamas Plantation, Indonesia which is part of SD Guthrie Berhad (formerly known as Sime Darby Plantation Berhad) as a Regional CEO, taking charge of 57,718 hectares of planted areas. His responsibilities include among others, providing leadership and direction to the estate, mill, palm kernel crushing plant and bulking operations across the region and ensuring operational efficiency of the plantation.

Date of change	01 Sep 2024
Name	DATO TAN AIK SIM
Age	60
Gender	Male
Nationality	Malaysia
Designation	Group Managing Director
Directorate	Executive
Type of change	Resignation
Reason	Health reason and to spend more time with family.

Date of change	01 Sep 2024
Name	MR FONG GING PANG
Age	57
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Accounting and Finance The Association of Chartered Certified Accountant, United KingdomMalaysian Institute of Accountants
Working experience and occupation	Mr. Fong joined TSH Resources Berhad in 2010, and was appointed as General Manager of Finance on 1 January 2022. In his current role, he is responsible for overseeing the Companys financial planning, budgeting, and ensuring that all financial operations align with the strategic goals of TSH Resources. He also manages the reporting functions, ensuring the compliance with financial regulations and standards. He has led the Finance team in undertaking investment analysis for acquisition and diversification. Additionally, Mr. Fong maintains key relationships with external stakeholders, including institutional investors, financial institutions and regulatory bodies.Mr. Fong began his professional career in 1988 with a management services company, where he developed a strong foundation in financial management. Prior to joining TSH Resources, he served as Assistant General Manager at a public listed company. During his tenure there, he held various positions within the Corporate Finance department. His role expanded to managing the finance functions for overseas power transmission projects under a subsidiary, where he was responsible for project financing and cost management.With over 30 years of experience in finance and accounting, Mr. Fong has consistently demonstrated his capability in managing financial operations and contributing to the sustainable growth of the organisations that he has served.