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【K1 0111 交流专区】企文科技

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发表于 29-12-2018 06:58 AM | 显示全部楼层
K-ONE TECHNOLOGY BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
ESOS
Details of corporate proposal
Exercise of Option to Subscribe
No. of shares issued under this corporate proposal
16,379,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.1650
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
542,243,322
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 57,588,326.400
Listing Date
29 Nov 2018
2. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
ESOS
Details of corporate proposal
Exercise of Option to Subscribe
No. of shares issued under this corporate proposal
288,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.1900
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
542,531,322
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 57,643,046.400
Listing Date
29 Nov 2018

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发表于 13-1-2019 05:25 AM | 显示全部楼层
K-ONE TECHNOLOGY BERHAD

EX-date
21 Dec 2018
Entitlement date
26 Dec 2018
Entitlement time
05:00 PM
Entitlement subject
Bonus Issue
Entitlement description
Bonus issue of up to 130,158,864 new ordinary shares in K-One Technology Berhad ("K-One Tech" or "Company") ("K-One Tech Shares") ("Bonus Shares") on the basis of 1 Bonus Share for every 5 existing K-One Tech Shares held as at 5.00 p.m. on 26 December 2018 ("Entitlement Date") ("Bonus Issue of Shares")
Period of interest payment
to
Financial Year End

Share transfer book & register of members will be
to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no
SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151 / 0378418152
Payment date

a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
26 Dec 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit

c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)

Entitlement indicator
Ratio
Ratio
1 : 5

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发表于 13-1-2019 05:26 AM | 显示全部楼层
EX-date
21 Dec 2018
Entitlement date
26 Dec 2018
Entitlement time
05:00 PM
Entitlement subject
Bonus Issue
Entitlement description
Issuance of up to 195,238,296 warrants ("Warrants") in K-One Technology Berhad ("K-One Tech" or "Company") on the basis of 1 Warrant for every 4 existing ordinary shares in K-One Tech held after the Bonus Issue of Shares as at 5:00 p.m. on 26 December 2018 ("Free Warrants Issue")
Period of interest payment
to
Financial Year End

Share transfer book & register of members will be
to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no
SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151 / 0378418152
Payment date

a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
26 Dec 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit

c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)

Entitlement indicator
Ratio
Ratio
1 : 4

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发表于 14-1-2019 06:24 AM | 显示全部楼层
K-ONE TECHNOLOGY BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
ESOS
Details of corporate proposal
Exercise of Option to Subscribe
No. of shares issued under this corporate proposal
60,312,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.1650
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
607,305,322
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 68,336,456.400
Listing Date
17 Dec 2018
2. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
ESOS
Details of corporate proposal
Exercise of Option to Subscribe
No. of shares issued under this corporate proposal
144,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.1900
Par Value($$) (if applicable)
Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units
607,449,322
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 68,363,816.400
Listing Date
17 Dec 2018

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发表于 30-1-2019 04:08 AM | 显示全部楼层
Profile for Securities of PLC
K-ONE TECHNOLOGY BERHAD

Instrument Category
Securities of PLC
Instrument Type
Warrants
Description
Issuance of 182,234,783 warrants ("Warrants") in K-One Technology Berhad ("K-One Tech" or "Company") on the basis of 1 Warrant for every 4 existing ordinary shares in K-One Tech held after the Bonus Issue of Shares as at 5:00 p.m. on 26 December 2018 ("Free Warrants Issue")
Listing Date
08 Jan 2019
Issue Date
31 Dec 2018
Issue/ Ask Price
Not Applicable
Issue Size Indicator
Unit
Issue Size in Unit
182,234,783
Maturity
Mandatory
Maturity Date
30 Dec 2021
Revised Maturity Date

Name of Guarantor
Not Applicable
Name of Trustee
Not Applicable
Coupon/Profit/Interest/Payment Rate
Not Applicable
Coupon/Profit/Interest/Payment Frequency
Not Applicable
Redemption
Not Applicable
Exercise/Conversion Period
3.00   Year(s)
Revised Exercise/Conversion Period
Not Applicable
Exercise/Strike/Conversion Price
Malaysian Ringgit (MYR)   0.3000
Revised Exercise/Strike/Conversion Price
Not Applicable
Exercise/Conversion Ratio
1:1
Revised Exercise/Conversion Ratio
Not Applicable
Mode of satisfaction of Exercise/ Conversion price
Cash
Settlement Type/ Convertible into
Physical (Shares)

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发表于 6-2-2019 05:48 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
MANUFACTURING AGREEMENT
1. Introduction
The Board of Directors of K-One Technology Berhad (“K-One Tech”) is pleased to announce that its wholly owned subsidiary company, K-One Resources Sdn. Bhd. (“K-One Res”) has ratified a manufacturing agreement (“Agreement”) with a new customer to manufacture certain model(s) of the customer’s dental water flosser for consumer use.

2. Background of Customer
The customer is part of a US based multinational with sales revenue of USD 3.8 billion in 2017. The customer’s dental water flosser is the no.1 dental water flosser brand in the US and is sold to about 80 countries in the world. The dental water flosser is used by consumers.

3. Financial Effects
Tooling is expected to commence in the first quarter of 2019 which will be followed by manufacturing of the products at the end of the subsequent quarter. The manufacturing of the said product is forecasted to generate sales averaging approximately RM10 million per year, commencing this year, for an initial period of 3 years. The Agreement announced herein will have no effect on the issued capital of the Company and is expected to contribute positively towards the earnings of the K-One Group for the financial year ending 31 December 2019.

4. Risk Factors
Risk factors affecting the Agreement include availability of skilled manpower and materials, changes in pricing, market demand volatility, competition and foreign currency rates fluctuation. Notwithstanding, the K-One Group has established a successful track record in undertaking electronics manufacturing services which would help in mitigating such risks. The Group has incidentally secured FDA (US Food & Drug Administration) approval which is required for manufacturing the said product.  

5. Directors’ And Major Shareholders’ Interests
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any direct or indirect interest in the Agreement.

6. Directors’ Statement
The Board is of the opinion that the ratification of this Agreement is in the best interest of the Company.

This announcement is dated 22 January 2019.




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发表于 6-2-2019 07:53 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
MANUFACTURING AGREEMENT
We refer to the Company's earlier announcement made on 22 January 2019 in respect of a ratified manufacturing agreement (“Agreement”) with a new customer to manufacture a certain model of the customer’s dental water flosser for consumer use.

The Board of Directors of K-One Technology Berhad (“K-One Tech”) wishes to announce that the revenue averaging approximately RM10 million per year generated from this Agreement is based on forecasts which were mainly derived from multiplying the projected quantity by the unit price of the said product provided by the customer. The Agreement is binding for 2 years and thereafter shall be automatically renewed on a yearly basis, unless terminated by either party.

This announcement is dated 23 January 2019.



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发表于 4-3-2019 06:57 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2018
31 Dec 2017
31 Dec 2018
31 Dec 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
18,757
18,540
73,781
78,261
2Profit/(loss) before tax
1,599
-3,078
5,971
-8,580
3Profit/(loss) for the period
2,116
-2,954
5,654
-9,604
4Profit/(loss) attributable to ordinary equity holders of the parent
2,111
-2,963
5,654
-9,622
5Basic earnings/(loss) per share (Subunit)
0.33
-0.47
0.90
-1.57
6Proposed/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 ($$)
0.1481
0.1651

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发表于 5-7-2019 08:57 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2019
31 Mar 2018
31 Mar 2019
31 Mar 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
17,952
18,786
17,952
18,786
2Profit/(loss) before tax
1,790
305
1,790
305
3Profit/(loss) for the period
1,800
28
1,800
28
4Profit/(loss) attributable to ordinary equity holders of the parent
1,712
21
1,712
21
5Basic earnings/(loss) per share (Subunit)
0.24
0.01
0.24
0.01
6Proposed/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 ($$)
0.1517
0.1667

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发表于 16-8-2019 02:56 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2019
30 Jun 2018
30 Jun 2019
30 Jun 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
25,481
16,147
43,433
34,933
2Profit/(loss) before tax
2,535
1,754
4,325
2,059
3Profit/(loss) for the period
2,265
1,503
4,065
1,531
4Profit/(loss) attributable to ordinary equity holders of the parent
1,750
1,503
3,465
1,531
5Basic earnings/(loss) per share (Subunit)
0.24
0.29
0.48
0.29
6Proposed/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 ($$)
0.1551
0.1667

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发表于 6-9-2019 05:23 AM | 显示全部楼层
本帖最后由 icy97 于 6-9-2019 07:05 AM 编辑

企文联营进军印尼云计算
https://www.enanyang.my/news/20190905/企文联营进军印尼云计算/

Type
Announcement
Subject
OTHERS
Description
K-ONE TECHNOLOGY BERHAD ("K-ONE TECH" OR "THE COMPANY") - ESTABLISHMENT OF JOINT VENTURE ("JV") IN INDONESIA
1. INTRODUCTION

K-One Tech is pleased to announce that the Company, through its 60% owned subsidiary, G-AsiaPacific Sdn. Bhd. (Company No. 836845-H) (“GAP Malaysia”), subscribed 15% equity interest in a newly incorporated company in Indonesia known as P.T. GAsia Pasific Indo. (Company No. 9120608721886) ("GAP Indo") on 4 September 2019. GAP Indo is a private company limited by shares incorporated under the Indonesian Company Law, with its registered office situated at Jalan Raden Saleh Raya Number 46A, RT.1/RW.2, Cikini, Kec. Menteng, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10310, Indonesia.

GAP Indo was incorporated for the purpose of forging a joint venture ("JV") cooperation between GAP Malaysia, Mr. Ian Frederick and Mr. Andree Santoso to promote cloud computing solutions in Indonesia.

2. BACKGROUND INFORMATION OF GAP INDO & ITS MAJORITY SHAREHOLDERS

GAP Indo was incorporated in Indonesia on 18 July 2019 with a registered and paid-up capital of Rp10 billion (approximately RM3 million) and Rp2.5 billion (approximately RM0.75 million) respectively. Its shareholding is 15% owned by GAP Malaysia, 50% by Mr. Ian Frederick and the balance of 35% by Mr. Andree Santoso.

GAP Malaysia, a leading cloud solutions provider in Malaysia is a subsidiary of K-One Technology Bhd which has 60% equity ownership with the balance being owned by Goh Kiang Kiat (22%), Goh Kiang Kian (9%) and Chen Kak Toong (9%).

Mr. Ian Frederick, an Indonesian is a serial entrepreneur who co-founded PT Witami Tunai Mandiri, a fledgling Indonesian based e-money and remittance licenced provider in 2013, which is approved by Bank Indonesia. It is the first and the only e-money service with Syariah Certificate in Indonesia. He exited the business through an M&A exercise in 2016 while maintaining his other IT based business. He holds a Bachelor of Honours in Civil Engineering from the University of Sydney, Australia.

Mr. Andree Santoso, an Indonesian has about 20 years of experience in the IT industry. His last position was the Managing Director of Ingenico International Indonesia from 2013 to 2019. He graduated with a BE in Electrical Engineering from Trisakti University, Indonesia and a Master of Management in Information Systems from Bina Nusantara University, Indonesia.

The JV shall serve as a vehicle for GAP Malaysia to promote Amazon, Google and Microsoft’s cloud computing solutions in Indonesia. On 7 August 2019, GAP Indo has entered into a Cloud Partner Advantage Program Agreement with Google LLC, US.

3. RATIONALE FOR THE JV

Indonesia is a potentially huge market for cloud computing spurred by the swift growth in internet users and the insatiable appetite for business to embrace digital transformation. GAP Malaysia is a leading cloud technology solution provider in Malaysia which was awarded the Partner of the Year Award for Malaysia in 2018 by Amazon Web Services.  

With the vast potential of the cloud market in ASEAN, GAP Malaysia is prepared and has the ability to replicate its success in other countries, targeting its first foray out of Malaysia to be Indonesia. The JV is in line with the business strategy of GAP Malaysia to deliver business expansion both locally and in ASEAN.

4. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM

None of the Directors and/or major shareholders of K-One Tech and/or persons connected with them have any interests, direct or indirect in the JV.

5. FINANCIAL EFFECTS

The subscription for the 15% equity interest in the newly incorporated company i.e. GAP Indo is translated to approximately RM 116,280. The JV is expected to have immaterial impact to the earnings per share and the net assets per share of K-One Tech for the financial year ending 31 December 2019. The capital injection to subscribe shares in GAP Indo will be funded by GAP Malaysia via its internally generated funds.

6. APPROVALS REQUIRED

The JV does not require approval from the shareholders of K-One Tech or the relevant authorities.

7. DIRECTORS’ STATEMENT

The Board of K-One Tech is of the opinion that the JV is in the best interest of K-One Tech.

This announcement is dated 5 September 2019.



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发表于 7-12-2019 08:40 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Description: K-One Technology Berhad (K-One Tech Or the Company)  Proposed Disposal Of 4,500,000 Ordinary Shares In AHM Consultancy & Security Services S/B (AHM) Representing 30% Equity Interest For RM8.7 Million (Proposed Disposal)
1.Introduction
On behalf of the Board of Directors of the Company, we wish to announce that K-One Tech has on 29 October 2019 entered into a Share Buy Back Agreement (“the Agreement”) with Dato’ Mohammad Fadzllee bin Mustapa, Datin Sri Fuziah binti Mohd Nor and Encik Mohammed Fadzlan bin Mustapa (collectively referred to as “Purchasers”) in respect to the Company’s disposal of 4,500,000 ordinary shares in AHM Consultancy & Security Services Sdn Bhd for RM 8.7 million subject to the terms and conditions as stipulated in the Agreement.

2.Background Information Of AHM
AHM was founded on 29 December 1994 by its majority shareholder, Dato’ Sri Mustapa bin Ali. He is the President of the Asian Professional Security Association whose members include China, Japan, Korea, Singapore, Vietnam, amongst others and also the former President of the Security Services Association of Malaysia. AHM has a paid-up capital of RM 15 million.  

AHM specializes in the provision of security consultancy and services in the likes of static  guarding, security patrol, cash-in-transit, armed escort, body guarding and private investigation. It’s major customers comprise mainly government agencies and GLCs.

It is headquartered at Wisma M&F, 27 Jalan USJ 21/11, USJ City centre, UEP Subang Jaya, Selangor with branches in various parts of Malaysia.

3.Rationale For the Proposed Disposal
The proposed disposal is in line with K-One Tech’s business rationalization process to dispose of business which is not in line with its current strategy of focusing on its mainstay ODM/OEM space and the recently acquired cloud business. K-One Tech prefers to concentrate on the preceding businesses so as to optimize business and financial results for long term sustainability on grounds that the ODM/OEM and cloud businesses is envisaged to turn increasingly promising at this stage and in the impending future. The ODM/OEM business’s optimism is triggered by the ongoing US-China trade war while the cloud business is spurred by the current digitalization trend. Therefore, it is sensible to focus on its anchor businesses which have the anticipated lure of good growth prospects.

Furthermore, Malaysia’s political landscape change last year which led to policy changes has impacted AHM’s security service business which is dependent on the public sector and GLCs. As such, AHM’s business performance and outlook may not be aligned with the Company’s expectations. Hence, the Company had decided to divest its entire stake in AHM for mutual benefits; each to focus in growing its own core businesses.   

4.Details Of The Proposed Disposal By The Company or Share Buy Back By The Purchasers
The Proposed Disposal involves the share buy back from the Company of 30% of the issued and paid-up capital of AHM by its key shareholders; namely, Dato’ Mohammad Fadzllee bin Mustapa, Datin Sri Fuziah binti Mohd Nor and Encik Mohammed Fadzlan bin Mustapa  for a total consideration of RM8.7 million which will be settled in two tranches by utilising the net proceeds of the sale of properties belonging to the Purchasers and family members and as appropriate to be supplemented by cash if the Purchasers so wish. Salient points of the Agreements are outlined in Section 5. The Purchasers are family members of the Founder cum majority shareholder, Dato’ Sri Mustapa bin Ali who has 40% shareholding of AHM. Datin Sri Fuziah binti Mohd Nor is the wife of Dato’ Sri Mustapa bin Ali while Dato’ Mohammad Fadzllee bin Mustapa and En. Mohammed Fadzlan bin Mustapa are their children.

The Purchasers will buy back the shares in direct proportion to their shareholding as follows:
1)Dato’Mohammad Fadzllee bin Mustapa          3,098,250 shares             RM5,989,950
2)Datin Sri Fuziah binti Mohd Nor                       532,350   shares              RM1,029,210
3)En. Mohammed Fadzlan bin Mustapa               869,400   shares             RM1,680,840
Total                                                                    4,500,000  shares             RM8,700,000

4.1Basis Of Arriving At The Share Buy Back Consideration By The Purchasers
The total consideration of RM8.7 million was arrived at on a willing buyer-willing seller basis.

4.2Date & Cost Of Investment
The Company acquired the 30% stake from AHM’s key shareholders as named above on 15 January 2018 for RM8.7 million. Hence, there is no gain or loss from the Proposed Disposal.  

4.3Liability To Be Assumed
No liability is to be assumed by the Purchasers in respect of the Proposed Disposal.

5.Salient Features Of The Agreements

5.1Share Buy Back Agreement
a)The Company agrees to sell and the Purchasers agree to buy back their shares in their respective portions totaling 4,500,000 shares for a total consideration of RM8.7 million to be settled via the granting of Option Agreements by the Purchasers and family members to the Company to dispose of their respective properties and using the net proceeds (sales proceeds of the properties less deductions utilized towards redeeming the properties from existing financiers and legal fees payable to transaction solicitors) to pay for their share buy back from the Company in the following manner:

  • The first tranche of RM2.9 million is to be paid using the net proceeds on completion. In the event that the Purchasers are unable to pay the first tranche or the net proceeds is less than the first tranche on completion, the Purchasers shall be granted an automatic extension up until six (6) months for them to settle the first tranche. In the event that the Purchasers are unable to settle the first tranche within the said automatic extension period, the Company has the absolute discretion to grant the Purchasers such further extension as may be mutually agreed for the settlement of the first tranche.
  • The balance is to be paid within 18 months (settlement period)from the date of signing the Agreement and may be mutually extended for another period, failing which to mutually agree on a fixed period will default to an extension period of six (6) months following the expiry of the settlement period.
  • The Purchasers may settle the total consideration of RM8.7 million by way of cash or net proceeds or both.
  • The 4,500,000 shares will be transferred to the Purchasers upon completion of the Agreement, notwithstanding the full payment of the first tranche of payment.

b)The Proposed Disposal is expected to be completed in sixty (60) days upon signing the Agreement and fulfilment of the conditions precedent as follows:

  • The Company obtaining approval from its directors; and
  • The Purchasers procuring the written waiver from the other shareholders of AHM, in respect of the pre-emptive right of the other shareholders over the Sale Shares and their consent to the sale of the Sale Shares to the Purchasers save for the estate of Hashim bin Mat Desa.

5.2Option & Escrow Agreements
a)The Option Grantors are the Purchasers, Dato’ Sri Mustapa bin Ali, Founder and his 2 other children.
b)The Option Grantors unconditionally and irrevocably grant the Company (Option Grantee) the Option to sell the properties for and on their behalf exercisable at any time from the date of the Agreements up and until the date when sufficient properties have been sold to fulfill the share buyback of 4,500,000 ordinary shares. The Option Grantors also agree that the Option Grantee is at liberty to sell the properties at specific prices and if there is any variance, it will seek the consent of the Option Grantors which will not be unreasonable withheld.
c)The Option Grantors irrevocably and unconditionally agree that the Option Grantee is absolutely entitled to nominate any third parties to purchase the properties.
d)The Option Grantors agree that the net sale proceeds derived from the sale of properties shall be placed in an escrow with an escrow agent entered into between the Option Grantors, the Option Grantee and the escrow agent.  
e)The escrow money shall be held in an interest bearing account to be administered by the escrow agent.
f)The escrow money shall be used to pay existing financiers and advisers in relation to and in connection with the disposal of any property, thereafter, the balance will be paid as part-payment towards the satisfaction of the total consideration of RM8.7 million.

6.Financial Effects
The Proposed Disposal is not expected is to have any material impact on the net assets per share and earnings per share of the Company for the current financial year. It is also not expected to have any effect on the issued and paid-up share capital and substantial shareholders’ shareholding of the Company.

7.Interest Of Directors, Major Shareholders And/Or Persons Connected With Them
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interests, direct or indirect in the Proposed Disposal.

8.Percentage Ratio Of The Proposed Disposal
Pursuant to Rule 10.02(g) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the percentage ratio of the Proposed Disposal is 8.1% calculated based on the aggregate value of the consideration as compared to the net assets of the Company.

9.Approval Required
The Proposed Disposal is not subject to the approvals of the shareholders or the relevant authorities.

10.Statement By The Directors
Having considered the rationale and the effects of the Proposed Disposal, the Board is of the opinion that it is in the best interest of the Company.

11.Documents Available For Inspection
A copy of the Agreements will be made available for inspection at the registered office of the Company at Level 2, Tower 1, Avenue 5, Bangsar South City, 59200 Kuala Lumpur during normal office hours from Monday to Friday (except public holidays) for a period of three months from the date of this announcement.

This announcement is dated 29 October 2019.



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发表于 7-3-2020 07:21 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2019
30 Sep 2018
30 Sep 2019
30 Sep 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
26,941
20,091
70,374
55,024
2Profit/(loss) before tax
2,003
2,313
6,328
4,372
3Profit/(loss) for the period
1,799
2,007
5,864
3,538
4Profit/(loss) attributable to ordinary equity holders of the parent
1,501
2,007
4,966
3,538
5Basic earnings/(loss) per share (Subunit)
0.21
0.39
0.68
0.68
6Proposed/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 ($$)
0.1585
0.1667

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发表于 14-4-2020 01:45 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Development and Manufacturing Agreement
1.Introduction

The Board of Directors of K-One Technology Bhd (“K-One Tech” or “Company”) is pleased to announce that its wholly owned subsidiary, K-One Industry Sdn. Bhd. (“K-One Ind”) has on 21 January 2020 signed a Development & Manufacturing Agreement (“Agreement”) with a customer to develop and manufacture specific consumer healthcare products.

2.Background of Customer

The customer is US based which specializes in the development and marketing of innovative products designed for promoting healthcare and wellness which are distributed to multifarious countries worldwide under various notable brand names.

3.Scope Of Work

K-One Ind will assist the customer to develop and manufacture one or more of their new commercial products. The concepts, designs, methods, information and manufacturing processes developed by K-One Ind for the customer will belong exclusively to the customer. In this connection, the customer will grant sole manufacturing rights to K-One Ind to manufacture the said product(s) for a minimum of 5 years commencing from the first production batch for the commercial market or end-of-life of the said product(s), for which the termination of manufacturing depends on whichever comes first.

4.Financial Effects

The Agreement does not specify contract volumes or amounts but is based on forecast sales. The current forecasted sales revenue for the initial product(s) to be developed and manufactured is estimated to be RM12 million per year which is expected to contribute positively towards the earnings of the Company for the financial year ending 31 December 2020 and subsequent years based on the above indicated rights to manufacture. The Agreement will not have any effect on the issued and paid-up share capital of the Company.

5.Risk Factors

Risk factors affecting the Agreement include availability of skilled manpower and materials, changes in pricing, market demand volatility, competition and foreign currency rates fluctuation. Notwithstanding, the Company has established a successful track record in undertaking electronics manufacturing services which would help to mitigate such risks.

6.Directors’ And Substantial Shareholders’ Interests

None of the Directors and/or major shareholders of the Company and/or persons connected with them have any direct or indirect interest in the Agreement.

7.Directors’ Statement

The Board is of the opinion that the signing of this Agreement is in the best interest of the Company.

This announcement is dated 22 January 2020.



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发表于 29-4-2020 06:26 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2019
31 Dec 2018
31 Dec 2019
31 Dec 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
26,704
18,758
97,078
73,782
2Profit/(loss) before tax
2,128
1,598
8,456
6,518
3Profit/(loss) for the period
2,119
2,121
7,983
5,659
4Profit/(loss) attributable to ordinary equity holders of the parent
1,260
2,121
6,225
5,659
5Basic earnings/(loss) per share (Subunit)
0.17
0.33
0.85
0.90
6Proposed/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 ($$)
0.1610
0.1667

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发表于 25-5-2020 07:24 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Expansion Of Product Portfolio - Ventilator In Medical/Healthcare Industry
1.Introduction

The World Health Organization (“WHO”) finally declared the Covid-19 outbreak a pandemic on 11 March 2020. It has wreaked havoc in the healthcare system, caused untold misery in the lives of people all over the world and severely disrupted the global economy. K-One Technology Bhd. (“K-One Tech”or “Company”) which has been transforming its Original Design Manufacturer (“ODM”) and Electronic Manufacturing Service (“EMS”) businesses over the last few years had been focusing increasingly in the medical/healthcare industry, exemplified by it being ISO 13485 certified since 2016. In the wake of Covid-19, it had been playing its part in supplying essential medical/healthcare goods in the likes of infusion pump (for dialysis and intravenous (IV) therapy) and thermal scanner systems for supply to hospitals. In this regard, the Company intends to further expand its product portfolio in the medical/healthcare industry in this hour of crisis, both from the business sustainability and corporate social responsibility angles.   

Hence, the Board of Directors is pleased to announce that the Company will expand its medical/healthcare product portfolio and intends to venture into the manufacturing of ventilators for supply to hospitals (hereinafter referred to as “Product Portfolio Expansion”). In light of the Covid-19 outbreak, ventilators are in short supply in many parts of the world for use in hospitals to save lives, particularly Covid-19 patients with chronic respiratory illness.

2.Scope Of Work

The Company with its expertise in Design & Development (“D&D”) and vast experience in manufacturing multifarious devices from various business segments, which includes medical/healthcare devices or equipment have recently obtained open source design files of a ventilator model released to interested parties by a multinational in the medical/healthcare industry. The Company is studying the ventilator design and intends to build a prototype and expects to commence manufacturing as soon as permissible, targeting 3Q’20, subject to getting the necessary approvals from the relevant authorities and for Malaysia, amongst which, would include the Medical Device Authority (MDA) under the Ministry of Health, Malaysia.  

The ventilator design details is one of a series of models which is marketed by the multinational for a number of years. It is because of the acute shortage of ventilators in the global market and the multinational’s intense sense of corporate social responsibility that it had decided to release the design of this model to interested parties for production under third party name via permissive license to meet the high demand globally. The Company, under its group with ISO 13485 certification specifically meant for medical device manufacturing and Class 10k cleanroom facilities is in a good position to undertake the Product Portfolio Expansion.

3.Financial Effects

The Product Portfolio Expansion is expected to have a positive impact on the earnings and net asset per share of the Company for the financial year ending 31 December 2020 subject to obtaining the necessary approvals from the relevant authorities. The Product Portfolio Expansion will be funded through internally generated funds.

4.Risk Factors

The risks related to the Product Portfolio Expansion includes special expertise and the associated execution risks. Notwithstanding, the Company has over the years established a successful track record in delivering D&D and electronic manufacturing services which would help to mitigate the risks.   

5.Directors’And Substantial Shareholders’ Interests

None of the Directors and/or major shareholders of the Company and/or persons connected with them have any direct or indirect interest in the Product Portfolio Expansion.      

6.Directors’ Statement

The Board is of the view that the Product Portfolio Expansion is an extension of its existing coverage of products in the Medical/Healthcare space whilst at the same time, it is able to step up its efforts in the fight against the Covid-19 outbreak by addressing the shortage of ventilators in the medical/healthcare ecosystem.

This announcement is dated 13 April 2020.



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发表于 3-6-2020 07:08 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Manufacturing of Nasal Swabs Designed For Use In Covid-19 Test Kits By 3D Printing
1.Introduction
The Board of Directors of K-One Technology Bhd (“K-One Tech” or “Company”) wishes to announce that the Company is venturing into the manufacturing of Nasal Swabs (“Nasal Swab Business”) which are used to collect fluid specimen from the back of the nasal cavity. The Nasal Swab is then placed into a vial that contains a culture medium before it is transported to a laboratory for testing of Covid-19. Nasal Swabs are typically manufactured using injection molding and flocking, which includes tufts of polyester material attached to the end of a plastic shaft. However, the Covid-19 pandemic has caused an overdrive in demand which impacted supply. Hence, healthcare professionals are turning to 3D printed Nasal Swabs.

2.Work Scope
Leveraging on the Company’s expertise in Design & Development (“D&D”) and deep manufacturing experience, it had placed order with a reputable US based 3D printing technology developer and manufacturer to supply 3D printer for the purpose of 3D printing the Nasal Swabs. The US based 3D technology developer and manufacturer, working in collaboration with US healthcare providers have received FDA Class 1 Exempt status for their Nasal Swabs design. The former is currently supplying to these healthcare providers.
The Company shall commence pilot manufacturing of the specific Nasal Swab design by 3D printing using the equipment supplied by the US based 3D printing technology developer and manufacturer by May 2020 in its FDA registered; ISO 13485 facility.  As  Nasal Swab is considered a medical device, it will be subjected to getting the necessary approvals from the relevant authorities of the subject country (while for US, the subject Nasal Swab has already received FDA Class 1 Exempt status) and for Malaysia, it would include amongst others, approval from the Medical Device Authority (MDA) under the Ministry of Health, Malaysia.

3.Financial Effects
The Nasal Swab Business is expected to have a positive impact on the earnings and net asset per share of the Company for the financial year ending 31 December 2020 subject to getting the necessary approvals from the relevant authorities in the countries which it is being sold. The Nasal Swab Business will be funded through internally generated funds.

4.Risk Factors
The risks related to the Nasal Swab Business includes technical expertise, special biocompatible autoclavable resin supply and the associated execution risks. Notwithstanding, the Company has over the years established a successful track record in delivering D&D and electronic manufacturing services which would help to mitigate the risks.

5.Directors’ & Substantial Shareholders’ Interests
None of the Directors and/or major shareholders of the Company and/or persons connected with them have any direct or indirect interest in the Nasal Swab Business.

6.Directors’ Statement
The Board is of the view that the Nasal Swab Business is an extension of its focus in Medical/Healthcare products within its electronic manufacturing services realm, whilst at the same time, it is taking this opportunity to step up its efforts in the fight against the Covid-19 pandemic by addressing the shortage of Nasal Swabs in the healthcare ecosystem.

This announcement is dated 6 May 2020.



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发表于 4-6-2020 07:34 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Manufacturing of Nasal Swabs Designed For Use In Covid-19 Test Kits By 3D Printing
We refer to the Company’s announcement dated 6 May 2020 pertaining to the manufacturing of Nasal Swabs for use in Covid-19 test kits by 3D printing.

The Board of Directors of K-One Technology Bhd (“K-One Tech”) wishes to announce that the Nasal Swabs are expected to be marketed in Malaysia subject to getting the requisite approval amongst others, from the Medical Device Authority ("MDA") under the Ministry of Health, Malaysia and targeted overseas markets which have high demand, which includes potentially, US, Europe and ASEAN countries subject to the necessary approvals of the authorities in the respective countries.

The Board of K-One Tech is of the opinion that the venturing into the manufacturing of Nasal Swabs is in the best interest of the Company.

This announcement is dated 12 May 2020.



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发表于 6-6-2020 06:04 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Setting Up Of New Company In Singapore To Do Cloud Business
1. Introduction

The Board of Directors of K-One Technology Berhad (“K-One Tech” or “Company”) wishes to announce that its 60% owned subsidiary, G-AsiaPacific Sdn. Bhd. (“G-Asia M’sia) has on 13 May 2020 set up a wholly-owned new company in Singapore by the name of G-AsiaPacific (S) Pte. Ltd. (Registration No. 202013441R) (“G-Asia S’pore”). The issued and paid-up capital of G-Asia S’pore is S$1,000 and its principal business activity is to provide Cloud technology which comprises infrastructure as a service (“IAAS”), platform as a service (“PAAS”), cloud consultancy and design, software and mobile applications development and Cloud management related services.

2. Rationale For Incorporation Of Company In Singapore

The setting up of the new company in Singapore is to use it as a legal entity to engage with key customer(s) based in Singapore. At the same time, it will also be used as the platform to pitch for other new customers primarily based in Singapore. Recently, it has been observed that the Covid-19 pandemic has catalyzed the multiplying of the number of companies expressing interest to migrate to the Cloud. This phenomena is visible in Singapore, Malaysia and other countries as the Covid-19 has caused an internet boom and high Cloud usage due to a surge in e-meetings, e-commerce, e-learning, e-entertainment and e-games. Many enterprises have resorted to migrating to the Cloud, (if they have not) and for existing customers, increasing their Cloud capacity or bandwidth to cope with increased internet traffic and memory storage, mainly attributed to employees working from home (“WFH”) partaking in e-meetings and remote communication. There is also an upsurge in Cloud usage and demand from the internet based businesses such as e-commerce, e-learning, e-entertainment and e-games as consumer dynamics change to adapt with lockdowns.

G-Asia S’pore and G-Asia M’sia are in good position to take advantage of the new business opportunities presented by the Covid-19 pandemic and the acceptance of the new normal whereby employees and employers alike adjust to home-based working, which is likely to be adopted to some extent moving forward. The Covid-19 pandemic is accelerating the digitalization process for enterprises both large and small, which undeniably is the way forward for business sustainability.

The expansion into Singapore is part of G-Asia M’sia’s overseas business expansion drive following its venture into Indonesia last year. G-Asia M’sia is expected to reach outwards to other ASEAN countries when the opportunity arises in the near future. The 5G roll out and digitalization programs of enterprises in the impending future in ASEAN and Asia in general will see increased speed of Cloud adoption and in-depth use for those already signed up and enjoying its benefits.

3. Financial Effects

The incorporation of G-Asia S’pore will not have any material impact on the issued share capital and net assets of the Company for the financial year ending 31 December 2020 but its subsequent anticipated business is expected to contribute positively to the earnings of the K-One Group. The capital injection in G-Asia S’pore will be funded by G-Asia M’sia via its internal generated funds.

4. Risk Factors

The incorporation of G-Asia S’pore and its conduct of business will be subjected to the usual business risks. Notwithstanding, the Company has established a successful track record in doing business overseas which will help to mitigate such risks.

5. Interest Of Directors, Major Shareholders And/Or Persons Connected With Them

None of the Directors and/or major shareholders of K-One Tech and G-Asia M’sia and/or persons connected with them have any interests, direct or indirect in G-Asia S’pore.

6. Approvals Required

The incorporation of G-Asia S’pore does not require approval from shareholders of the Company or the relevant authorities.

7. Directors’ Statement

The Board of K-One Tech is of the opinion that the setting up of G-Asia S’pore is in the best interest of the K-One Group, especially in enabling G-Asia M’sia to continue its overseas expansion drive into the ASEAN region. This move reaffirms G-Asia M’sia’s overseas business foray, with its maiden overseas expansion last year in Indonesia and now followed by Singapore.

This announcement is dated 14 May 2020.



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发表于 17-7-2020 08:26 AM | 显示全部楼层


Type
Announcement
Subject
OTHERS
Description
NASA's Jet Propulsion Laboratory, US (NASA-JPL) via California Institute of Technology ("Caltech") Grants Non-Exclusive License Agreement To K-One Technology Bhd ("K-One Tech") To Manufacture & Distribute VITAL Ventilators Worldwide
1. Introduction

The Board of Directors of K-One Tech wishes to announce that following competitive assessment by NASA-JPL, Caltech which manages for NASA-JPL has granted a Non-Exclusive License Agreement to K-One Tech on 28 May 2020 to manufacture and distribute the VITAL ventilators worldwide. VITAL is the acronym for Ventilator Intervention Technology Accessible Locally.

The VITAL ventilator designed by NASA-JPL is not related to the conventional ventilator previously announced by K-One Tech.

2. Non-Exclusive License Agreement (“NELA”)

The salient points of NELA includes:

a) The License is royalty-free, world-wide applicable to the Technology and Patent Rights to use, make, have made, manufacture, have manufactured, sell, have sold and import a ventilator or ventilators ("Licensed Products”) in response to the COVID-19 pandemic (“the Purpose”).

b) The Licensee i.e. K-One Tech is free to use, share, distribute, and make available to others, copy, modify and build upon the Technology for the Purpose during the license term.

c) The Licensee agrees to license any modifications and improvements to Caltech, including JPL for research and government use for the duration of any period of protection.

d) NELA will expire the earlier of (i) the final day the World Health Organization’s Public Health  Emergency Of International Concern is in effect or (ii) 1 October 2024.

e) The Licensee’s sale or distribution of the Licensed Products is conditioned on Licensee obtaining all required regulatory approvals in each country the Licensee plans to sell or distribute Licensed Products and Licensee must comply with all applicable regulatory requirements in the jurisdictions concerned.

3. Information About The VITAL Ventilator (Ref.:- www.jpl.nasa.gov)

The VITAL ventilator of NASA-JPL uses far fewer parts than a conventional ventilator and these parts are easily available from the market and not the usual parts found in conventional ventilators so as not to disrupt the latter’s supply chain.

It is a low-cost ventilator designed and built with less maintenance requirements and can be modified for use in field hospitals to address the shortage of ventilators in the ongoing COVID-19 pandemic in specific countries.

The VITAL ventilator is approved for use in the United States (“US’) by the Food & Drug Administration (“FDA”), US under Emergency Use Authorization.

4. Financial Effects

NELA will have immaterial impact on the issued share capital and net assets of K-One Tech but is expected to contribute positively to its earnings for the financial year ending 31 December 2020. The business will be funded through internally generated funds.

5. Risk Factors

The manufacturing and distribution of the VITAL ventilators will be subjected to the usual business risks. Notwithstanding, K-One Tech has established a successful track record in manufacturing and doing business overseas which will help to mitigate such risks.

6. Interest Of Directors, Major Shareholders And/Or Persons Connected With Them

None of the Directors and/or major shareholders of K-One Tech and/or persons connected with them have any interests, direct or indirect in NELA.

7. Approvals Required

NELA does not require approval from the shareholders of K-One Tech or the relevant authorities.

8. Directors’ Statement

The Board is of the opinion that NELA is in the best interest of K-One Tech as the manufacturing and distribution of the low-cost VITAL ventilator is to meet the shortage of ventilators to fight COVID-19 in specific countries and also to prepare for the second wave of COVID-19 infections as countries begin to lift their respective lockdowns.

This announcement is dated 1 June 2020.



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