【PWORTH 7123 交流专区】实值国际

yatlokfatt

拉昔胡申夫妇
买实值国际10%
2017年3月8日
http://www.enanyang.my/news/20170308/拉昔胡申夫妇br-买实值国际10/

（吉隆坡7日讯）实值国际（PWORTH，7123，主板工业产品股）特别发售高达2亿1563万9880新股，获得三名投资者全额认购，包括兴业银行及拉昔胡申集团创办人丹斯里阿都拉昔胡申和妻子潘斯里依米拉哈妮。

实值国际向马交所报备，合共30%的股权，阿都拉昔胡申认购当中的6.4%、依米拉哈妮认购3.6%，其余20%由Maha Gayabina私人有限公司认购；各造已签署有条件认购协议。

这项活动估计可筹得2118万7000令吉，将用于支付沙巴森林保护区的木材采运及重新耕种权的收购，以及相关营运资本。

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") (I)        PROPOSED ACQUISITION; (II)        PROPOSED PRIVATE PLACEMENT; (III)        PROPOSED SPECIAL ISSUE; (IV)        PROPOSED RIGHTS ISSUE;(V)        PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL;(VI)        PROPOSED AMENDMENT;(VII)        PROPOSED ACQUISITION OF SSB; AND(VIII) PROPOSED LISTING
We refer to the announcements dated 19 October 2016, 21 October 2016, 26 October 2016, 5 December 2016, 20 December 2016, 28 December 2016, 29 December 2017, 17 January 2017, 18 January 2017, 20 January 2017 and 23 January 2017 in relation to the Proposals (“Announcements”). On behalf of the Board, RHB Investment Bank wishes to announce that the Company has on 7 March 2017, entered into a conditional subscription agreement with Tan Sri Abdul Rashid Hussain, Puan Sri Emilahani Yang binti Mohd Yatim and Maha Gayabina Sdn Bhd, in relation to the Proposed Special Issue. Please refer to the attachment for the full text on the announcement on the Proposed Special Issue. This Announcement is dated 7 March 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5359681

Attachments PWI - Announcement of Subscription Agreement.pdf

Tony-Pua

阿都拉昔拟入驻．实值先盛后衰
http://www.sinchew.com.my/node/1621724/

（吉隆坡8日讯）虽然实值国际（PWORTH，7123，主板工业产品组）拟发售占缴足资本30%新股引进新策略股东，但周三股价先盛后衰，全日反挫6.25%。

该股周三高开1仙至，17仙后；盘中最高见17.5仙，但后买气不足股价回跌，最低见14.5仙，挫1.5仙或9.37%，最终收在15仙，下滑1仙或6.25%。

实值国际周二发文告称，建议向丹斯里阿都拉昔伉俪和M a h a Ga y a b i na配售2亿1564万股新股，以筹措2119万令吉来收购Rumpun Capaian私人有限公司和子公司Anika Desiran私人有限公司（ADSB）。

目前，ADSB拥有10万1161公顷的森林管理特许经营权，可进行工业植树和自然森林关工作。

此外，该公司也建议2附加股配送1红股，以及在今年下半年将子公司GSR私人有限公司于新加坡股票交易所上市，预计筹措2亿令吉。



文章来源：
星洲日报‧财经‧2017.03.09

icy97

实值国际东风将吹

作风低调的实值国际（PWORTH，7123，主板工业产品组）由上市至今，皆默默耕耘，股价没有大起大落，也甚少引起市场太大关注。

近期，因为引进“新策略股东”——拉昔胡申（后并为兴业银行集团）创办人丹斯里阿都拉昔，而成功吸引市场眼球。

对于该公司而言，阿都拉昔的加盟，或许可成为一道辅助力量，加速公司走上更高峰。

永续森林开发
迈向成长期

实值国际作为一家森林开发公司，对于环境，背负与其他公司不一样的社会企业责任，也因如此，为了永续经营，实值国际不辞劳苦，从常规开发毅然转型至永续森林开发，而经过长达6年的孕育期，终可看到该公司迈入成长期。

实值国际的灵魂人物是该公司创办人林玉和，他深谙自给自足才是永续经营之道，因此，不断物色合适的森林管理经营权，以为公司创造持续性收入。

每月“飞”西马3次

也是实值国际董事经理的林玉和在接受《投资致富》访问时，透露创业经过，且剖析该公司近期的表现，和对于未来所设下的目标。

来自沙巴的林玉和为人低调，尽管已年过半百，惟依然中气十足，且每月至少3次前来吉隆坡处理事务。

询及他难道都不嫌麻烦吗？他笑笑表示，“已经习惯当‘空中飞人’，而且目前交通便利，约两个小时半，就可从沙巴前来吉隆坡，非常方便。”

林玉和家族生意涉及木材业务，也因此，他本身才会接触相关的生意。“我初期仅是从事木材贸易，较后，朋友谈及大马股票市场发展前景不错，鼓励我自己成立一家公司，并以上市为目标。”

就因为如此，促使他买地建厂，处理锯木，在经过9年的经营时间后，公司终于在2001年上市马股。

涉足油棕树种植

林玉和指出，本身除了管理实值国际外，在沙巴也拥有其他涉及油棕树种植和产业业务的公司。

林玉和也透露，尽管需要两边兼顾，惟科技的发达却为他带来很大的便利。

“许多公司的内部事务，我都可以通过手机或电脑处理，这能够节省我的时间，也使到我的管理更加方便。”

物色接班人能者居之

林玉和目前也担任上市公司柏丹（BERTAM，9814，主板产业组）的董事经理一职，及持有砂拉越综合（SCIB，9237，主板工业产品组）股权。

另外，林玉和也不否认，目前在物色适合的接班人。

“我的家人并没有涉及在实值国际的业务，对我而言，接班人未必是家中成员，而是有能者居之。”

一度原料短缺盈利跌

实值国际在2001年上市后，业绩表现不赖，营业额及净利皆有上升的趋势，当时，是以常规砍伐来获得木桐原料，再进行加工处理，制成半制品出售；惟在沙巴政府提出保护森林措施后，该公司在2010年开始，即因为缺少原料，盈利表现也开始走下坡。

为了符合沙巴政府条例，也相信木材领域前景依然一片光明，因此，实值国际开始争取永续森林管理经营权，在开发森林后，即重新种植新树，以循环的方式，为公司供应木桐原料，而不再需要面对原料短缺的压力。

须等8年才能砍树

林玉和说，加上发达国家如美国、欧盟和日本等，在2008年开始，即抵制非法砍伐的树木，只购买拥有合格认证的半制品，因此，转型是大势所趋。

惟转型，则意味着必须面对一段不短的周期，皆因所种植的树木必须至少8年的时间才到砍伐的成熟期，加上该公司在2007年至2008年期间，也投入约5亿令吉资金，作为提升上下游器材的费用，因此，导致公司截至2010年止负债达3亿令吉，业绩直线下滑，也由2009年后即停止派发股息。

业绩重回轨道将派息

不过，林玉和承诺，一旦实值国际业绩重新步上轨道，在现金充裕的情况下，将重新探讨派发股息。

该公司在2010年，开始获得永续森林管理经营权，目前拥有约2万8000公顷，为期50年的经营权，并获得沙巴森林管理局（SFD）和森林管理理事会（FSC）的认证。

林玉和说，实值国际预期首批自行种植，占地1000公顷，可供砍伐的树木成熟期在今年下半年。

树木渐成熟业绩改善

接下来，该公司种植的树木也逐渐成熟，因此，林玉和认为，公司业绩将逐步改善，并将持续成长。

实值国际截至2016年12月31日止第二季，净利大涨166.67%至99万2000令吉，累积上半年也扬13.02%至131万9000令吉；第二季营业额却下滑17.55%至3802万1000令吉，累积上半年则是跌26.99%至6740万7000令吉。

截至2016年12月，该公司手握621万3000令吉现金，借贷也已减少至1亿6134万1000令吉。

一旦收购Rumpun Capaian完成
盈利将乘风而起

林玉和说，实值国际目前在等待“东风”，以便该公司业务能够在今年，乘风而起，徐徐上升。

该公司在等待的“东风”，正是完成收购Rumpun Capaian私人有限公司的计划，皆因万事已具备，只要交易完成，公司盈利料将稳步上扬。

林玉和说，该公司的计划是通过在新加坡的独资子公司——GSR收购Rumpun Capaian，藉以获得沙巴FMU 5（占地10万1161公顷）截至2097年的森林管理经营权（伐木权）。

获100年伐木权

FMU5获得沙巴州政府给予由1997年9月开始计算，长达100年的经营权。

他不讳言，实值国际拥有专业知识的团队，加上管理层的经验，才能促使此宗收购计划的进行。

“我们所提出的收购价2亿6000万令吉，远比估计师所估算的3亿9000万令吉还要低，这意味着我们已从账面上赚进1亿3000万令吉。”

2.6亿收购价“廉宜”

询及交易背后是否需要承担卖方Transkripsi Pintar私人有限公司的任何债务时，林玉和斩钉截铁的表示，就仅仅以2亿6000万令吉购入Rumpun Capaian，而没有任何附带条件。

他相信Transkripsi Pintar管理层在木材领域管理方面经验不足，因此无法妥善经营，惟相信在实值国际入驻下，情况则有所改善。

实值国际将透过配售新股、1配2附加股送1红股，和将GSR申请在新加坡上市等一系列企业活动，以融资这项收购计划。

阿都拉昔“加盟”
股价一度走高

实值国际的这项计划原本并不受关注，惟随着公布引进的“新投资者”身份后，立时在市场掀起一阵涟漪。

该公司是建议配售2亿1564万股新股予阿都拉昔夫妇和MahaGayabina，以筹措2119万令吉。

阿都拉昔是拉昔胡申证券行创办人，在1999年银行大合并步伐下，整合广益银行、森合银行和DCB兴业银行，正式改名为兴业银行集团，声势如日中天。

阿都拉昔的“加盟”，也让原本仅在10仙左右徘徊的实值国际，于前周五偷步走扬，至本月7日消息公布后，股价一度升至16.5仙的高位，成交量更是突破1亿股。

“朋友介绍认识阿都拉昔”

说起两人的渊源，林玉和轻描淡写的说，是通过朋友介绍认识阿都拉昔，而作为投资者，阿都拉昔看好实值国际的发展前景。

他也不排除未来阿都拉昔及Maha Gayabina将会入驻董事部，惟公司的核心业务将不会受影响。

林玉和预计该项私下配售计划可在1至2个月内完成。

此外，林玉和指出，实值国际目前没有其他私下配售的计划。

至于附加股活动的反应，林玉和指出，必须等到今年4月杪或5月初，才晓得是否获得热烈反应，惟他乐观看待。

放眼GSR上市值破10亿

针对收购Rumpun Capaian的付款计划，实值国际预计将支付2000万令吉现金，6000万令吉则是以GSR上市发售新股支付，剩余则在GSR上市后的14天内以新元支付。

实值国际的目标是能够在今年第四季完成GSR上市计划，并预计除了纳入Rumpun Capaian外，也将注入实值国际独资子公司Sinora私人有限公司。

林玉和说，将GSR上市也将为实值国际股东增值，因该公司放眼GSR上市市值可超过10亿令吉，而实值国际料持股70%至75%之间。

资金流充裕
计划新加坡上市

林玉和透露，计划在新加坡上市，主要是该国是一个开放的国际金融市场，且拥有比大马更大的资金流，相信对于实值国际未来的发展，能够起到协同效应。

“新加坡也靠近大马，比起其他国家，我们更易了解当地的金融活动进展。”

尽管实值国际在新加坡没有任何业务，惟林玉和有信心能够吸引当地的投资者投资。“我们拥有很好的业绩纪录，且持有持续性的原料供应。”

林玉和说，实值国际目前将同时进行收购、发附加股和上市的企业活动。“不过，在收购计划完成前，我们就已经获得开发FMU5的权力，预计将于今年可进行砍伐。”

放眼10个月逐增产能

林玉和补充，目前在等待FMU5的部份文件，预计在1至2个月内可获得相关文件，一切完成后，即可进行砍伐。

他相信，在一切进展顺利下，砍伐1个月后，营业额贡献就可显现，且放眼能够在10个月内，逐步增加产能。

林玉和有信心，FMU5的盈利贡献将可以在2018财政年完全显现出来。

林玉和会如此有信心，是因为实值国际已经拥有所需的器材和员工，只要拥有木桐原料，就可立即投入运作。

林玉和也不担心会出现供应过剩的情况，皆因该公司已有现成的客户购买所生产的半成品。

95%半制品供出口

实值国际计划将20%的原料出售，剩余则自己处理，此外，该公司所生产的半制品有约95%供出口。

林玉和说，美国、中国、日本和印度是目前世界上消耗最多木制产品的国家，而实值国际的主要客户则是日本，贡献约60%的营业额，其次则包括台湾、韩国、中东、泰国等。

设下未来5年目标

实值国际看好FMU 5能够为该公司带来持续性收入，且能为股东创造更大的利益，并设下未来5年的目标。

实值国际订下在GSR成功上市，且该公司手握75%股权的情况下，营业额在未来5年达到的目标，分别为2017年录得1亿1900万8819令吉、2018年写下1亿4742万4519令吉、2019年为1亿7584万零219令吉、2020年则有1亿8152万3359令吉和2021年则为1亿7868万1789令吉。

净利则料分别可录得817万零678令吉、1945万5895令吉、3069万8488令吉、3344万1323令吉和3282万9873令吉。

行情低迷
进军油气业喊停

实值国际在早期曾有计划进军油气领域，惟较后因为原油价格下挫，而停顿该业务。

林玉和说，该公司在当时获知沙巴山打根有两片油田待开发，因此，有意进军造船业务，无奈却遭逢油气领域低迷。

“我们已投资数百万令吉，目前仅有约20位工人尚在该工地驻守，负责日常维修工作。”

前景一片光明

他说，该公司目前无意重新进入油气领域和多元化至其他领域，惟不排除一旦时机成熟，会再度考虑进入油气领域。

林玉和直言，早期是因为本身的其他业务面对问题，才会脱售实值国际股票套现，惟目前问题已经缓解，他将会逐步增持实值国际股票，因为，相信在东风入主后，实值国际的前景将一片光明。

林玉和认为，木材领域依然大有作为，“许多木材产品如家具、建材等等是难以复制及拥有替代品的，因此，木材市场依然具有一定吸引力。”

他也指出，以每股净值产计算，实值国际的股价实际上已经遭到低估。

该公司股价由3月初至上周五（3月10日），已累积上扬31.82%，由11仙涨至14.5仙，截至2016年12月31日止每股净值产则为42仙。

结语：

创业之路不好走，永续经营更是难上加难，实值国际是否真能如管理层所言般，在“东风”的吹捧下，一帆风顺，还得待时间去证明。

不过，可以肯定的是，该公司在木材领域已累积一定的知名度，并拥有忠诚的客户和专业知识的团队，且也备有高科技器材，相信想要稳健经营，并不是难事。

文章来源：
星洲日报‧投资致富‧红人馆‧文：刘玉萍‧2017.03.12

Tony-Pua

今天盘中大漲7仙，rm0.215

icy97

uncleroy 发表于 19-10-2016 07:38 PM
实值国际
获沙森林伐木植林权
2016年10月20日
http://www.enanyang.my/news/20161020/实值国际br-获沙森林伐木植林权/

（吉隆坡19日讯）实值国际（PWORTH，7123，主板工业产品股）宣布独资子公司收购位于沙巴 ...

州政府发准证．实值启动沙伐木业

（吉隆坡17日讯）实值国际（PWORTH，7123，主板工业产品组）表示，在沙巴政府发出FMU5第57及58区森林砍伐准证后，该公司将即时启动这项业务。

实值国际透过文告指出，Anika Desiran公司（ADSB）已获得沙巴森林管理局批准，由今年开始进入FMU5森林区的第57及58区伐木。

目前，实值国际独资子公司GSR公司正向Transkripsi Pintar公司收购Rumpun Capaian公司，交易总值达2亿6000万令吉。

Rumpun Capaian公司拥有Anika Desiran公司的99.99%股权。

同时，根据实值国际独资子公司Sinora公司与Anika Desiran公司的伐木协议，Sinora将可立即将第57及58区可供商业使用的树桐运出。

不过，依据买卖合约，剩余的要求则尚未获得满足。

今年3月，实值国际引进策略股东丹斯里阿都拉昔伉俪和Maha Gayabina，以筹集2119万令吉，作为向Transkripsi Pintar收购Rumpun Capaian公司和Anika Desiran公司的部份资金。

Anika Desiran拥有FMU5的森林管理特许经营权，可进行砍伐及种植等工程。

此外，实值国际也建议配售2附加股送1红股活动，以及子公司GSR公司新加坡上市活动，筹集2亿令吉。

配合上述宣布，实值国际今日早盘停牌，午盘恢复交易后走高，终场收报29仙，涨4仙，成交量达2亿8296万2200股，为全场最热门股项。

文章来源：
星洲日报‧财经‧2017.05.17

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") (I)        PROPOSED ACQUISITION; (II)        PROPOSED PRIVATE PLACEMENT; (III)        PROPOSED SPECIAL ISSUE; (IV)        PROPOSED RIGHTS ISSUE;(V)        PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL;(VI)        PROPOSED AMENDMENT;(VII)        PROPOSED ACQUISITION OF SSB; AND(VIII)PROPOSED LISTING
We refer to the announcements dated 19 October 2016, 18 January 2017 and 31 March 2017 in relation to the Proposals (“Announcements”). Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements. On behalf of the Board of PWI, RHB Investment Bank wishes to announce that the Company was informed by the Vendor that the Sabah Forestry Department has approved for ADSB to commence operations in 2017 for Compartment 57 and Compartment 58 within FMU5 (“Approval”). In relation thereto, the parties to the SPA agree that the condition precedent in relation to the Coupe Permits as stipulated in in the SPA is deemed fulfilled. In addition, the parties to the Log Extraction and Timber Sale Agreement agree that “Coupe Permits” referred to in the Log Extraction and Timber Sale Agreement should include the relevant approval(s) given by the Director of Sabah Forestry Department and therefore the Approval falls within the meaning of “Coupe Permit” as referred therein.      In view of the Approval and as agreed by parties to the Log Extraction and Timber Sale Agreement, SSB, a wholly owned subsidiary of PWI will immediately commence operations for the extraction and removal of all commercial logs and/or merchantable timber from Compartment 57 and Compartment 58 within FMU5 pursuant to the Log Extraction and Timber Sale Agreement. Apart from the above, other Conditions Precedent as stipulated in the said SPA has yet to be fulfilled at this juncture. This Announcement is dated 17 May 2017.

Tony-Pua

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

PRICEWORTH INTERNATIONAL BERHAD

Particulars of Substantial Securities Holder

Name	MAHA GAYABINA SDN BHD
Address	Level 23, Unit 23-01 23-07, Tower B, Vertical Business Suite, Avenue Bangsar South City, No. 8, Jalan Kerinchi, Kuala Lumpur 59200 Wilayah Persekutuan Malaysia.
Company No.	1214677-X
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Name & address of registered holder	Maybank Nominees (Tempatan) Sdn BhdPledged Securities Account For Maha Gayabina Sdn Bhd Level 8, Menara Maybank100 Jalan Tun Perak59000 Kuala LumpurRHB Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Maha Gayabina Sdn Bhd Level 9, Tower One RHB Centre,Jalan Tun Perak,50400 Kuala Lumpur

Date interest acquired & no of securities acquired
Date interest acquired	31 May 2017
No of securities	141,247,353
Circumstances by reason of which Securities Holder has interest	1) Acquired of 100,000,000 shares pursuant to Special Issue through Maybank Nominees (Tempatan) Sdn Bhd  (Direct Interest)2) Acquired of 41,247,353 shares pursuant to Special Issue through RHB Nominees (Tempatan) Sdn Bhd (Direct Interest)
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	141,247,353
Direct (%)	15.17
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	02 Jun 2017
Date notice received by Listed Issuer	02 Jun 2017

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

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

1	Revenue	43,557	24,747	110,964	117,076
2	Profit/(loss) before tax	361	-177	1,908	1,088
3	Profit/(loss) for the period	325	-151	1,644	1,104
4	Profit/(loss) attributable to ordinary equity holders of the parent	325	-63	1,644	1,104
5	Basic earnings/(loss) per share (Subunit)	0.05	-0.01	0.24	0.20
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 ($$)	0.4200		0.4200

icy97

PRICEWORTH INTERNATIONAL BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Special Issue
Details of corporate proposal	Special Issue
No. of shares issued under this corporate proposal	211,871,030
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1000
Par Value($$) (if applicable)	Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units	930,670,631
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 93,067,063.100
Listing Date	01 Jun 2017

icy97

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

PRICEWORTH INTERNATIONAL BERHAD

Particulars of Substantial Securities Holder

Name	TAN SRI ABDUL RASHID HUSSAIN
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name & address of registered holder	Tan Sri Abdul Rashid HussainNo. 12, Persiaran Beringin, Damansara Heights,50490 Kuala Lumpur Puan Sri Emilahani Yang binti Mohd YatimNo. 12, Persiaran Beringin,Damansara Heights50490 Kuala Lumpur

Date interest acquired & no of securities acquired
Date interest acquired	31 May 2017
No of securities	70,623,677
Circumstances by reason of which Securities Holder has interest	1) Acquired of 45,199,153 shares pursuant to Special Issue by Tan Sri Abdul Rashid Hussain (Direct Interest)2) Acquired of 25,424,524 shares pursuant to Special Issue by Puan Sri Emilahani Yang binti Mohd Yatim (Indirect Interest)
Nature of interest	Direct and Indirect Interest
Total no of securities after change
Direct (units)	45,199,153
Direct (%)	4.86
Indirect/deemed interest (units)	25,424,524
Indirect/deemed interest (%)	2.73
Date of notice	31 May 2017
Date notice received by Listed Issuer	01 Jun 2017

icy97

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

PRICEWORTH INTERNATIONAL BERHAD

Particulars of Substantial Securities Holder

Name	PUAN SRI EMILAHANI YANG BINTI MOHD YATIM
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name & address of registered holder	Puan Sri Emilahani Yang Binti Mohd YatimNo. 12, Persiaran Beringin, Damansara Heights,50490 Kuala Lumpur.Tan Sri Abdul Rashid HussainNo. 12, Persiaran Beringin, Damansara Heights,50490 Kuala Lumpur.

Date interest acquired & no of securities acquired
Date interest acquired	31 May 2017
No of securities	70,623,677
Circumstances by reason of which Securities Holder has interest	1) Acquired of 25,424,524 shares pursuant to Special Issue by Puan Sri Emilahani Yang Binti Mohd Yatim (Direct Interest)2) Acquired of 45,199,153 shares pursuant to Special Issue by Tan Sri Abdul Rashid Hussain (Indirect Interest)
Nature of interest	Direct and Indirect Interest
Total no of securities after change
Direct (units)	25,424,524
Direct (%)	2.73
Indirect/deemed interest (units)	45,199,153
Indirect/deemed interest (%)	4.86
Date of notice	31 May 2017
Date notice received by Listed Issuer	01 Jun 2017

icy97

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

PRICEWORTH INTERNATIONAL BERHAD

Particulars of Substantial Securities Holder

Name	MAHA GAYABINA SDN BHD
Address	Level 23, Unit 23-01 23-07, Tower B, Vertical Business Suite, Avenue Bangsar South City, No. 8, Jalan Kerinchi, Kuala Lumpur 59200 Wilayah Persekutuan Malaysia.
Company No.	1214677-X
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares
Name & address of registered holder	Maybank Nominees (Tempatan) Sdn BhdPledged Securities Account For Maha Gayabina Sdn Bhd Level 8, Menara Maybank100 Jalan Tun Perak59000 Kuala LumpurRHB Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Maha Gayabina Sdn Bhd Level 9, Tower One RHB Centre,Jalan Tun Perak,50400 Kuala Lumpur

Date interest acquired & no of securities acquired
Date interest acquired	31 May 2017
No of securities	141,247,353
Circumstances by reason of which Securities Holder has interest	1) Acquired of 100,000,000 shares pursuant to Special Issue through Maybank Nominees (Tempatan) Sdn Bhd  (Direct Interest)2) Acquired of 41,247,353 shares pursuant to Special Issue through RHB Nominees (Tempatan) Sdn Bhd (Direct Interest)
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	141,247,353
Direct (%)	15.17
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	02 Jun 2017
Date notice received by Listed Issuer	02 Jun 2017

icy97

Type	Announcement
Subject	OTHERS
Description	PRICEWORTH INTERNATIONAL BERHAD ("PIB" or "the Company")- CLARIFICATION ON THE ARTICLE PUBLISHED BY THE EDGE FINANCIAL DAILY
Reference is made to the article entitled “Priceworth forecasts RM100m net profit in FY2018” appearing in Page 6 of The Edge Financial Daily on 13 June 2017. The Board of Directors of PIB wishes to clarify that no forecast was made, contrary to what was stated in the article’s headline. In the article, the net profit of RM100 million referred to was a ballpark figure using an industry benchmark, in response to the Reporter’s question on PIB’s expectation for the proposed acquisition of FMU5. This announcement is dated 14 June 2017.

icy97

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	59,204	48,759	170,168	166,938
2	Profit/(loss) before tax	11	659	1,919	1,640
3	Profit/(loss) for the period	3,034	274	4,678	919
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,059	186	4,703	831
5	Basic earnings/(loss) per share (Subunit)	0.39	0.03	0.66	0.22
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		0.4200

icy97

Priceworth开始沙巴FMU5采伐
Samantha Ho/theedgemarkets.com
September 06, 2017 20:44 pm MYT

（吉隆坡6日讯）随着基础设施和建筑工程完成，木材和森林管理公司Priceworth International Bhd通过子公司Sinora私人有限公司，在沙巴森林管理单位5（FMU5）开始采伐作业。

Priceworth执行董事顾震蛮今日在文告指出：“从FMU5的第57号隔区采伐的木材将立即对每月产量，以及最终为胶合板制造厂吞吐量带来正面效应。”

Priceworth是通过新加坡子公司GSR私人有限公司，于去年10月以2亿6000万令吉购得获为期100年特许经营权的公司，可在FMU5进行管理、翻种和采伐。

Priceworth指出：“还有81年，面积10万1161公顷的FMU5将被管理为工业植树（ITP）和天然森林管理（NFM）区，约1万2200公顷将归还沙巴林业部作为保护区，以及9152公顷预留为森林保护区。”

另外，Priceworth表示，据了解2017至2026年的森林管理计划（FMP）预计将在9月中旬完成并执行。

“FMP的敲定和执行是FMU买卖协议的先决条件。”

该公司还宣布，将根据最终FMP进行更新前，撤销早前的估值报告。

（编译：陈慧珊）

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") (I)        PROPOSED ACQUISITION; (II)        PROPOSED PRIVATE PLACEMENT; (III)        PROPOSED SPECIAL ISSUE; (IV)        PROPOSED RIGHTS ISSUE;(V)        PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL;(VI)        PROPOSED AMENDMENT;(VII)        PROPOSED ACQUISITION OF SSB; AND(VIII) PROPOSED LISTING
We refer to the announcements dated 19 October 2016, 7 March 2017, 7 April 2017, 5 May 2017, 1 June 2017, 19 June 2017 and 3 July 2017 in relation to the Proposals (“Announcements”). Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements. Reference is made to the Valuation Report dated 25 May 2017 in relation to the Proposed Acquisition which was submitted to Bursa Securities on 1 June 2017. On behalf of PWI, RHB Investment Bank wishes to announce that the aforesaid Valuation Report prepared by VPC Alliance (Sabah) Sdn Bhd (“Valuer”) was based on the draft 3rd Forest Management Plan for FMU 5 (“3rd FMP”) prepared by the Sabah State Forestry Department.  In conjunction with the above, PWI has been informed by the Vendor that the 3rd FMP is expected to be finalised and executed by the relevant authorities by mid-September 2017, the contents of which may differ from the draft 3rd FMP which was relied upon by the Valuer. As a result, the Valuation Report will need to be updated and accordingly, the Company has withdrawn the Valuation Report from Bursa Securities. The withdrawal of the Valuation Report from Bursa Securities is on the basis that an updated valuation report will be submitted to Bursa Securities upon the execution of the final 3rd FMP by the relevant authorities. This Announcement is dated 6 September 2017.

哭哭鸟

【转贴】

PWORTH 7123

公司主要在马来西亚从事加工木制产品的生产和销售，主要是砍伐开采，制造和贸易，公司的产品包括锯材，窑干木材，木制成产品，木地板，裸芯板，硬木托盘，化学处理木杆，木门和窗框，胶合板和单板等等，集团还从事建筑和土地开发活动，还有窑干机租借服务，公司在日本，中国和韩国都有销售网络，并出口到台湾，泰国，菲律宾新加坡等地。

其实在早期该公司曾有计划进军油气领域，但因为原油价格下挫，而搁置该计划。公司在早期时己在沙巴有两片油田，无奈却遭逢油气领域低迷，但公司表示未来如油气行业复苏会再度考虑进入油气领域发展。

资料显示公司在2001年上市后，业绩表现不错，营业额及净利皆有上升的趋势，当时是以常规砍伐来获得木桐原料，再进行加工处理，制成半制品出售，但在时任沙巴政府提出保护森林措施后，公司在2009年开始，是因为缺少木材原料，盈利表现也开始走下滑。

为了符合沙巴政府条例，该公司开始争取永续的森林管理经营权，在开发森林后，即重新种植新树，以循环的方式，为公司供应木桐原料，而不再需要面对原料短缺的压力，公司在2010年，开始获得永续森林管理经营权，目前拥有约2万8000公顷，为期50年的经营权，并获得沙巴森林管理局 SFD 和森林管理理事会 FSC 的认证。预期首批自行种植，占地1000公顷，可供砍伐的树木成熟期在今年下半年。

该公司也计划是通过在新加坡的独资子公司 GSR 收购Rumpun Capaian，藉以获得沙巴FMU 5（占地10万1161公顷）有效期至2097年的森林管理经营权（伐木权），FMU5获得沙巴州政府给予由1997年9月开始计算，长达100年的经营权，今年下半年就可进行砍伐。公司现时已经拥有所需的器材和员工，只要拥有木桐原料，就可立即投入运作。

公司表示会将20%的原料出售，剩余则自行处理，此外，该公司所生产的半制品有约95%是供出口的。

公司管理层相信 FMU 5 能够为公司的盈利待续增长。

以下是公司预计其营业额在未来5年的目标；
FY 2017 1亿1901万0000
FY 2018 1亿4742万5000
FY 2019 1亿7584万5000
FY 2020 1亿8152万5000
FY 2021 1亿7868万5000

WeeksEng

也在0.24进了、希望有好业绩

icy97

实值国际准营运FMU5
收购计划将完成

2017年10月27日
（吉隆坡26日讯）沙巴林业局点头，批准实值国际（PWORTH，7123，主板工业产品股）在森林管理第五单位（FMU5）的第三个森林管理计划，意味着收购计划即将完成。

执行董事顾震蛮在文告中指出，随着沙巴林业局批准第三个森林管理计划的期限，即2017年9月1日至2027年8月31日，已履行收购FMU5的先决条件。

他指出，首个先决条件已在5月履行，沙巴林业局批准该公司对FMU5旗下的第57和58区展开商业营运。

实值国际早前通过独资子公司，收购位于沙巴森林保护区的伐木及植林权，占地10万1161公顷，包括森林管理第5单位。 【e南洋】

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") (I)        PROPOSED ACQUISITION; (II)        PROPOSED PRIVATE PLACEMENT; (III)        PROPOSED SPECIAL ISSUE; (IV)        PROPOSED RIGHTS ISSUE;(V)        PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL;(VI)        PROPOSED AMENDMENT;(VII)        PROPOSED ACQUISITION OF SSB; AND(VIII)        PROPOSED LISTING
We refer to the announcements dated 19 October 2016, 7 March 2017, 7 April 2017, 5 May 2017, 1 June 2017, 19 June 2017, 3 July 2017, 6 September 2017 and 3 October 2017 in relation to the Proposals (“Announcements”). Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements. Please refer to the attachement for further details. This Announcement is dated 25 October 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5581953

Attachments Announcement (25.10.2017).pdf

icy97

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	PRICEWORTH INTERNATIONAL BERHAD ("PWI" OR THE "COMPANY") UPDATED VALUATION OF FMU 5 BASED ON APPROVED FINAL 3RD FMP
We refer to the announcements dated 19 October 2016, 7 March 2017, 7 April 2017, 5 May 2017, 1 June 2017, 19 June 2017, 3 July 2017, 6 September 2017, 3 October 2017 and 25 October 2017 in relation to the Proposals (“Announcements”). Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements. Further to the announcement dated 25 October 2017 where it was announced that the Final 3RD FMP has been approved by the Sabah Forestry Department, PWI has appointed Jurunilai & Perunding Hartanah Sabah (“Independent Valuer”) to value the FMU 5 based on the Final 3RD FMP. In relation thereto, on behalf of the Board of PWI, RHB Investment Bank wishes to announce that the Independent Valuer has assigned a market valuation of RM448,867,000 for the FMU 5 (“Valuation”).  In arriving at the Valuation, the Independent Valuer had appraised the NFM zone of FMU 5 using the Income Method while the ITP zone of FMU 5 was appraised using the Comparison Method and counterchecked by the Residual Method. Nevertheless, the Independent Valuer has taken a conservative approach by adopting the value based on the Residual Method as the final valuation of the ITP zone of FMU 5. The Valuation is higher than the previous valuation of FMU 5 of RM390,000,000 and the Consideration of RM260,000,000 as announced on 19 October 2016 in view of amongst others, the changes in the delineation of the NFM and ITP areas under the Final 3RD FMP. Accordingly, the Company together with the Independent Valuer shall proceed to finalise the valuation report in relation to FMU 5 based on the Final 3RD FMP and expects to submit the same to Bursa Securities by mid-December 2017. This announcement is dated 17 November 2017.

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	PRICEWORTH INTERNATIONAL BHD ("PWI" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN PWI ("PWI SHARES" OR "SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PWI (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of PWI (“Board”), Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that the Company proposes to undertake the Proposed Private Placement. Please refer to the attachment below for further details. This announcement is dated 22 November 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5611781

Attachments PWI - Proposed Private Placement (final).pdf

icy97

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	41,145	29,386	41,145	29,386
2	Profit/(loss) before tax	1,074	429	1,074	429
3	Profit/(loss) for the period	463	-605	463	-605
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,128	327	1,128	327
5	Basic earnings/(loss) per share (Subunit)	0.12	0.05	0.12	0.05
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 ($$)	0.3300		0.3300