【KULIM 2003 交流专区】 居林

icy97

传因价值过高 森那美不买NBPOL

二零一四年十月一日 晚上七时十分
（吉隆坡1日讯）森那美有限公司（SIME，4197，贸易服务组）已决定不再落实收购居林（马）有限公司（KULIM，2003，种植组）旗下新英国棕油有限公司（NBPOL）之48.97%股权的计划，惟它没有透露原因。

这项消息令市场的分析师感到讶异，但联昌投银研究对其展望保持中和，因并未预期这项交易可对集团收益潜质带来重大贡献。

该研究公司指出：“这项消息对居林较负面，虽然不缺乏买家，但仍可能导致所持的新英国棕油股权价格压低。”

据报道，全球创投有限公司（FGV，5222，种植组）仍有意收购新英国棕油的重大股份。

森那美在致给大马交易所的声明中透露：“随着居林与森那美之间的独家协议于9月28日届满后，森那美现已决定不再落实建议中收购居林所持的新英国棕油股份行动。”

分析师早前披露，基于居林早前提出的局部收购献议，新英国棕油的献议价将需要超过每股5.50英镑（29.30令吉）才能成功。因此，它预料建议中收购可能将让森那美耗资介于49亿至58亿令吉，或每股6至7英镑，以收购新英国棕油高达100%的股权，因上述交易可能触及一项全面收购。

消息称，森那美决定不落实上述交易的其中一个原因，是新英国棕油的价值。

不过，消息也不排除森那美未来重新探讨这项收购的可能性。

“森那美将开放展开并购洽商。但任何交易将必须在互惠互利下达成。如果价格合适和交易可为公司建立价值，为什么不考虑。”

另一项消息说，现金充裕的全球创投，现可能趁机购入居林所持的新英国棕油股份。惟全球创投环球种植部主管阿都哈林暂拒绝对此发表评论。

全球创投是首家表明有意向居林买下新英国棕油的业者。尽管森那美已获选为洽商建议中收购的优先团体，全球创投据悉仍对这家伦敦上市公司有兴趣。

新英国棕油在巴布亚新几内亚和所罗门群岛生产棕油，共拥有7万7000公顷油棕园、12座棕油厂及在巴布亚新几内亚和英国利物浦各1间提炼厂。

该集团也是巴布亚新几内亚最大白糖和牛肉生产商，拥有超过7718公顷甘蔗园和9282公顷牧场。同时它也拥有油棕种子生产和增育设备。【光华日报财经】

icy97

收购案死灰復燃　森那美56.3亿献购NBPOL

财经 2014年10月9日
（吉隆坡9日讯）森那美（SIME，4197，主板贸服股）收购新不列顛棕油公司（NBPOL）的献议死灰復燃！森那美今天宣布，以每股37.54令吉（7.15英镑）或总值56亿3240万令吉的代价，向新不列顛棕油公司提出全面献购。

森那美总裁兼首席执行员丹斯里巴克沙烈今天在记者会上指出，巴布亚新几內亚（Papua New Guinea）政府已提供书面確认表示，此项收购活动將不会影响该国的利益，同时，新不列顛棕油公司独立董事委员会將一致建议股东接受此献购建议。

回顾9月30日，隨著与居林（Kulim，2003，主板种植股）60天的独家谈判期限正式届满后，森那美发文告表示，將终止一切对居林旗下新不列顛棕油公司约49%股权的收购行动。然而，在短短一周內，森那美再次提出以每股37.54令吉，全面献购新不列顛棕油。而是次是森那美直接向该公司提出全面献购，而非只是向居林收购所持有的部份股权。

巴克沙烈透露，早前终止收购居林手中的新不列顛棕油股权，主要是该公司原本就计划进行全面献购，但未取得当地政府的书面確认，所以才宣布告吹。

从伦敦下市

森那美在此项献购活动必须取得至少51%的股权，而且森那美也无意保留新不列顛棕油公司在伦敦交易所的上市地位。

巴克沙烈补充说，预测此项收购活动將带来正面贡献，並且估计將在2015財政年（6月30日结帐）杪完成此收购活动。

森那美目前提出的7.15英镑献购价，相较目前新不列顛棕油公司的6.5至7英镑的合理价，溢价约2%至10%；较居林的5.5英镑收购价，则溢价30%。

森那美將通过內部融资及贷款进行此收购活动，比重为20对80。

巴克沙烈指出，森那美截至6月止的负债水平为38%，预测此收购活动完成后，负债水平將提升至55%。不过，该公司將会通过將旗下资產独立上市集资，以及资本开销合理化，降低其负债水平至40%左右。

收购价偏高

针对以上新发展，大马研究分析员表示，森那美提出的献购价，將每公顷8万4000令吉的企业价值计算在內。他对此收购价持负面看法，因此该收购价处在较高估值的范围（按2015財政年盈利预测的22倍本益比），这將稀释森那美的价值。按2015財政年盈利预测，森那美目前仅以本益比14倍交易。

另外，大马研究分析员也透露，未来公司价值，很大程度上依赖协同效应及森那美可能获得的额外益处。因此，该分析员暂时维持森那美的盈利预测及「买进」投资评级。

根据森那美资料指出，於收购完成后，该公司地库將从86万4141公顷，提升至约100万公吨左右。同时，森那美的精炼產能为45万公吨，纳入新不列顛棕油公司在利物浦的精炼厂房后，將增加至75万公吨。

居林欢迎献议

配合以上宣布，森那美股票在今早9时暂停交易一小时，並在10时恢復交易，该股全天微起1仙或0.11%，至9.10令吉。同时，居林（KULIM，2003，主板种植股）也宣布从今早10时至下午5时暂停交易，主要是让董事局商討森那美以每股7.15英镑，献购它在新不列顛棕油公司的48.97%股权。居林暂停交易前掛价为3.25令吉。

居林隨后在下午5时闭市后发表文告，对森那美的献议表示欢迎，並建议接受该项献议，以每股7.15英镑或共5亿2540万英镑（约27亿5000万令吉）的价格，脱售所持有的NBPOL股权。

文告补充，居林將在接获对方的正式献议函后，召开股东特別大会，寻求股东通过董事局的建议。该公司也將在週五早上9时恢復交易。【东方网财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KULIM (MALAYSIA) BERHAD (“KULIM”) CASH TAKEOVER OFFER TO ACQUIRE ALL SHARES IN NEW BRITAIN PALM OIL LIMITED (“NBPOL”) (“NBPOL SHARE(S)”) BY SIME DARBY PLANTATION SDN BHD (“SIME DARBY PLANTATION”), A WHOLLY-OWNED SUBSIDIARY OF SIME DARBY BERHAD AT AN OFFER PRICE OF GBP7.15 OR PGK28.79 PER NBPOL SHARE
On 9 October 2014, Sime Darby Plantation had served a takeover notice on NBPOL pursuant to Section 22(1) of the Takeovers Code 1998 of Papua New Guinea (“PNG”) of its intention to make a cash offer to acquire all NBPOL Shares at an offer price of GBP7.15 or PNG Kina (“PGK”) 28.79 per NBPOL Share. Kulim welcomes the announcement made by Sime Darby Plantation of its intention to make a takeover offer for all of the shares in NBPOL. Subject to receipt of a formal offer from Sime Darby Plantation on terms consistent with and no more conditional than those set out in the announcement made by NBPOL on 9 October 2014 (as attached), Kulim intends to convene an extraordinary general meeting of its shareholders to consider, and if thought fit, approve the disposal of Kulim’s entire interest in NBPOL. Kulim intends to accept the offer to be made by Sime Darby Plantation subject to: 1. there being no superior offer for Kulim’s shares in NBPOL; and 2. approval of Kulim’s shareholders in extraordinary general meeting for Kulim to dispose of its entire interest in NBPOL. Kulim's proposed acceptance of Sime Darby's intended offer will result in Kulim disposing its entire equity interest in NBPOL comprising 73,482,619 NBPOL's shares at the offer price of GBP7.15 per NBPOL Share for a disposal consideration approximately GBP525.40 million, which is equivalent to RM2.75 billion (based on current exchange rates). Kulim will release the relevant announcement pursuant to Chapter 10 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad once it receives the formal offer from Sime Darby Plantation, and update shareholders on its intentions at that point in time. This announcement is dated 9 October 2014. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1761069

Attachments NBPOL Announcement 091014.pdf

APULA

一股作气：居林或派特别股息

一股作气 财经周刊 投资观点  2014-10-13 13:06
一旦完成脱售新英棕油（NBPOL）股权后，市场预计居林（KULIM，2003，主板种植股）或重演早年脱售快餐业务般，向股东派发特别股息。

原棕油价格走势不振，或将令该集团的业绩表现受压，但若该商品价格后市反弹，则是利好因素。

在近期企业活动频密的居林，也计划将旗下子公司上市，并通过上市活动所筹获的资金来扩充业务。

去年曾献议增持子公司新英棕油股权的居林，在献购计划触礁后，竟在今年转态脱售所持有的股权。

早前曾通过竞标的方式计划脱售新英棕油股权，并与森那美（SIME，4197，主板贸服股）签署独家洽谈协议。

然而，森那美在独家洽谈期限后，决定放弃从居林手中收购新英棕油，导致脱售股权的计划落空。

不过，就在弃购一周之后，森那美收购新英棕油的计划峰回路转，但前者是直接通过向后者提出全面收购。

总值10.7亿英镑

森那美是以每股7.15英镑或总值10亿7280万英镑的代价，而居林表示接受前者提出的献购。

尽管如此，居林称，脱售新英棕油股权仍有待股东的批准，以及没有其他献购方提出更高的价格。

根据居林所持有的48.97%股权，一旦脱售通过，将为该集团进账近5亿2540万726英镑。

市场一般相信，是项脱售股权所获得的资金，部分将用作为近期在印尼加里曼丹中部收购种植地库的发展用途。

同时，也不排除该集团将其余的资金，向股东派发特别股息，并将成为该股短期重估的因素之一。

居林曾于2012年脱售旗下快餐业务，即QSR品牌（QSR）和肯德基（KFC）予母公司柔佛机构，随后派发每股90.94仙特别股息。



未来增长靠印尼业务

一旦新英棕油股权脱售后，料将对居林的盈利增长带来一定的冲击，因前者占该集团的鲜果串产量过半，达65%幅度。

因此，未来的增长动力可能需要依靠印尼的业务支撑，但仍面对该国政府可能对外资持股限制的风险。

与此同时，原棕油价格在今年的巅峰达每公吨近2900令吉，下跌逾24%至近期的每公吨约2200令吉。

种植是居林的核心业务之一，若原棕油价格持续低迷或走低，或将让该集团的业绩表现受压。

肯纳格研究指出，随着美国的大豆油产能风险提高，估计该替代食油的价格有望触底并出现反弹。

一旦大豆油价格走强，料可激励原棕油价格同步走高，并预测第四季的原棕油价格平均每公吨可达2500令吉。

子公司上市提高价值

业绩表现方面，居林在2013年的营业额达28亿5175万令吉，而净利则为4亿3107万令吉。

今年上半年表现，营业额涨9.3%至16亿4716万令吉，反之，净利却下挫66.8%至1亿3657万令吉。

上市筹资还债

同时，随着该集团于2012年12月宣布派发特别股息后，至今也未有任何的股息派发。

截至6月，集团的现金与现金等值逾2亿令吉，而借贷则超过20亿令吉，在脱售新英棕油股权后若无发股息，则将处于净现金地位。

目前，居林已获得证监会批准，让旗下间接子公司E.A.科技上市，料有助于提高该集团的价值。

根据当前的情况，上市所筹获的资金，将用来偿还银行贷款、拓展业务以及作为营运资本用途。

至于居林的潜在风险，则包括原棕油价格继续走低、大豆油的产量维持高居不下、脱售新英棕油对集团的业绩冲击，以及印尼对外资种植业者的持股限制风险等。

免责声明
本文分析仅供参考，并非推荐购买或脱售。投资前请咨询专业金融师。

股悦

APULA

券商買進心頭好．分期派發78仙特別股息 居林集團值得買進
財經股市24 Oct 2014 20:33
http://www.chinapress.com.my/node/571661

券商 ：大馬投資研究
目標價：4令吉

居林集團（KULIM，2003，主要板種植）脫售新不列顛棕油有限公司股權所得的部份資金，將作為股息派發給股東，每股78仙，就這一點，我們給予“買入”評級。

該公司收到森那美（SIME，4197，主要板貿服）收購新不列顛棕油有限公司股權正式要約文件，公司董事局將會在特大上提出這項建議。

該公司也宣布，將獲得的27.5億令吉收益的其中10億令吉作為股息派發，然而，每股78仙的股息會在未來兩年內分期派發。

所得中的8.5億令吉會作投資和資本開銷，部份資金則會資助印尼的種植和油氣業務；剩余的6億令吉償還銀行貸款。根據報備文件指出，償還銀行貸款預計每年可為公司省下2550萬令吉的利息，總負債率估計會從0.4倍減至0.2倍。

促接受建議

另外，新不列顛棕油有限公司的獨立董事已建議股東接受森那美的現金收購提案，認為森那美所提出的價格合理和公平，每股7.15英鎊（約37.64令吉）價格，是市場公平價格7英鎊（約36.82令吉）至7.5英鎊（約39.42令吉）的範圍內。

由于居林集團只會在年底才獲得這項收益，我們認為，額外或特別股息只會在明年開始派發。然而長期而言，我們估計公司收益會因缺乏了新不列顛棕油有限公司的收入而降低。

居林集團週五（24日）閉市時起10仙至3.49令吉。

APULA

10亿分2年派息激励 居林盘中扬5%
财经新闻 财经  2014-10-25 11:13
http://www.nanyang.com/node/657761?tid=462

（吉隆坡24日讯）居林（KULIM，2003，主板种植股）两年内派发总值10亿令吉股息的消息，刺激股价今天走高，一度扬升逾5%。

居林今天以3.48令吉开盘，马上冲上全天最高的3.56令吉，涨幅高达5.02%；但尾盘收窄，闭市报3.49令吉，涨升10仙或2.95%，成交量达到532万2100股。

公司昨天接获森那美（SIME，4197，主板贸服股）正式收购新英棕油（NBPOL）股权的献议。

居林将以5亿2540万英镑（约27.5亿令吉）脱售手上的49%新英棕油股权，并拨出10亿令吉，在两年内逐步派息给股东，每股股息至少78仙。

不过，抽佣经纪指出，投资者对消息反映不会太大，因为居林此前已表明有意脱售新英棕油股权。

他称，居林股价已全面反映价值，就算有如此好消息，股价都没有大幅度飙升。

不宜大量购种植股

“原棕油价过去数周不稳定，所以投资者暂时不大量买入种植股。我相信，一旦原棕油价走稳，种植股如居林，将会大受欢迎。”

icy97

售NBPOL股权予森那美　居林回退10亿

财经 2014年10月23日
（吉隆坡23日讯）居林（KULIM，2003，主板种植股）宣布，接受森那美（SIME，4197，主板贸服股）提出的献购议案，即將它所持有的新不列顛棕油公司（NBPOL）的7348万2619股股票，或相等于48.97%股权，以每股7.15英镑（约37.47令吉）或总值5亿2540万英镑（约27.5亿令吉），脱售给森那美。居林在文告中指出，该公司建议，將脱售所取得的27.5亿令吉之中的10亿令吉，在24个月內回退给股东。

根据《彭博社》数据，居林目前的股票数额为12亿7910万股，如果该公司將10亿令吉回退给股东，这意味著每股將回退约78仙。

此外，在剩余的17.5亿令吉，其中的6亿令吉，將在6个月內用来偿还银行债务、8.5亿令吉则作为公司未来24个月的投资或收购用途、另外3亿令吉则充当未来12个月內的营运资本。

森那美旗下独资公司--森那美种植私人有限公司，在今年10月9日向NBPOL提出全面献购。

持有NBPOL48.79%股权的居林，在今天发文告指出，该公司在今天接获森那美种植私人有限公司的正式献购通知。居林董事局已同意接受有关收购献议，並將召开股东特別大会寻求股东批准。

居林在文告中指出，该批7348万2619股NBPOL股票的投资成本约2亿1639万股，如果成功將该批股权脱售给森那美，居林將从中获利约15亿6000万令吉。

新不列顛棕油是位于巴布亚新几內亚地区，在南太平洋及所罗门群岛生產棕油，该公司也在英国利物浦有一家提炼厂。

今天闭市时，居林报3.39令吉，全天起9仙或2.73%，成交量为43万6600股。【东方网财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KULIM (MALAYSIA) BERHAD (“KULIM” OR THE “COMPANY”) PROPOSED DISPOSAL BY KULIM OF 73,482,619 ORDINARY SHARES IN NEW BRITAIN PALM OIL LIMITED (“NBPOL”), REPRESENTING ITS ENTIRE EQUITY INTEREST IN NBPOL TO SIME DARBY PLANTATION SDN BHD (“SIME DARBY PLANTATION” OR THE “OFFEROR”), A WHOLLY-OWNED SUBSIDIARY OF SIME DARBY BERHAD (“SIME DARBY”) FOR A DISPOSAL CONSIDERATION OF APPROXIMATELY GBP525.40 MILLION, (EQUIVALENT TO APPROXIMATELY RM2.75 BILLION) PURSUANT TO THE CASH TAKEOVER OFFER TO ACQUIRE ALL SHARES IN NBPOL (“NBPOL SHARE(S)”) BY THE OFFEROR AT AN OFFER PRICE OF GBP7.15 PER NBPOL SHARE (“OFFER”) (“PROPOSED DISPOSAL”
On 9 October 2014, Sime Darby Plantation had served a takeover notice pursuant to Section 22(1) of the Takeovers Code 1998 of Papua New Guinea (“PNG”) (“PNG Code”) of its intention to make a cash offer to acquire all NBPOL Shares at an offer price of GBP7.15 or PNG Kina (“PGK”) 28.79 per NBPOL Share (equivalent to approximately RM37.47 per NBPOL Share) (“Offer Price”) (“Notice of Takeover”). On the same date, the Board of Directors of Kulim (“Board”) announced that subject to receipt of a formal offer from Sime Darby Plantation on terms consistent with and no more conditional than those set out in the announcement made by NBPOL on 9 October 2014, Kulim intends to accept the offer to be made by Sime Darby Plantation subject to:- (i)  there being no superior offer for Kulim’s shares in NBPOL; and (ii) approval from the shareholders of Kulim in an extraordinary general meeting (“EGM”) for Kulim to dispose of its entire interest in NBPOL. On behalf of the Board, RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that the Board had on 23 October 2014, received the formal offer document from the Offeror (“Offer Document”) and in the absence of a superior offer, the Board has agreed to present the Proposed Disposal to the shareholders of Kulim at an EGM to be convened for their consideration and approval. Further details on the Proposed Disposal are set out in the attachment. This announcement is dated 23 October 2014. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1774297

Attachments 02 Kulim - Announcement - Proposed Disposal (23 Oct 2014).pdf

icy97

居林加强油气上游业务

财经 2014年10月27日
（吉隆坡27日讯）隨著將以总值约27亿令吉脱售新不列顛棕油有限公司（NBPOL）的48.97%股权予森那美（SIME，4197，主板种植股），居林（KULIM，2003，主板种植股）配合扩大公司收入基础和未来可持续性成长的长期商业策略，宣布加强其油气上游业务活动。

居林在今天发文告指出， 其独资子公司- - Kulim Enegry Nusantara私人有限公司（KENSB），与PT Graha Sumber Berkah公司（PTGSB） 及P TRadiant Bukit Barisan E&P公司（PTRBB） 达成联合经营协议（JOA），参与在印尼苏门答腊中央的西南Bukit Warisan油田（SWBBBlock）的勘探和开发工程。

该公司表示，该项目的主要营运商为PT RBB，KENSB及PT GSB则为合作运营商。在联合经营协议下，KENSB將可享有来自该项目的60%净利。

居林指出，此项协议符合其多元化业务的计划，並预测將对未来的盈利及每股盈利带来正面贡献。

居林主席拿督卡马鲁查曼阿布卡欣说，「该项在印尼的联合经营协议配合居林的长期商业策略，將业务扩大到油气上游活动，例如勘探、开发及生產，让我们开拓策略投资机会，扩大我们的的收入基础和造就持续的成长。」

他补充说，鉴于將脱售NBPOL的48.97%，居林扩充到油气业是很合时宜。

「在该地区有新的油气投资机会，使居林进入一个新的层次。我们已经涉足其他油气业务，例如清洁石油產品运输、建造石油天然气喉管。我们要提升石油天然气价值链。」

他指出，居林並非是油气业的新手，该集团已从其间接子公司E.A. Technique公司以及子公司Danamin私人有限公司取得经验。这两家公司是马来西亚油气工业的佼佼者。

RBB是一家以雅加达为基地的公司，主要在SWBB从事石油天然气田的勘探与开发。在该地原本的勘探地区是3895平方公里，为遵守SWBB业绩分享合约条款，目前已减至779平方公里。

居林董事经理阿哈末说，「我们不断在检查和评估这个机会，並且对其前景充满信心。而我们相信，与我们的合作伙伴一起，將致力使它成功。」【东方网财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KULIM (MALAYSIA) BERHAD (“KULIM”) EXECUTION OF A JOINT OPERATING AGREEMENT BETWEEN KULIM ENERGY NUSANTARA SDN BHD (“KENSB”), A WHOLLY-OWNED SUBSIDIARY COMPANY OF KULIM, PT GRAHA SUMBER BERKAH (“PT GSB”) AND PT RADIANT BUKIT BARISAN E&P (“PT RBB”)
The Board of Directors of Kulim (“Board”) wishes to announce that KENSB, its wholly owned subsidiary company had on 24 October 2014 entered into a joint operating agreement (“JOA”) with PT RBB and PT GSB to participate in the exploration and development of oil & gas (“O&G”) field in South West Bukit Barisan Block (“SWBB Block”), Central Sumatera, Indonesia, (collectively, referred to as the “Project”). Further details on the JOA are set out in the attachment of this announcement. This announcement is dated 27 October 2014. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1776785

Attachments KULIM.announcement.27oct2014.pdf

icy97

買進14.5萬股‧柔佛機構增持居林至60%

2014-10-28 11:29      
（吉隆坡27日訊）柔佛州政府投資臂膀——柔佛機構（Johor Corp）買進居林（KULIM,2003,主板種植組）共14萬5千股的股權，將持有股票數額增持至7億7千435萬令吉。

居林發佈文告指出，柔佛機構是於上週二（21日）在在公開市場完成上述股權交易。依據居林最上一次公佈的12億9千萬股股本計算，柔佛機構的最新持股率約達60%。

值得注意的是，居林在兩天後（23日）向大馬交易所發文告，宣稱有意接受森那美（SIME,4197,主板貿服組）以27億5千萬令吉價格收購居林手中48.97%新不列顛棕油有限公司（NBPO）股權的獻議。

居林早前建議將該筆收益中的10億令吉以股息的方式派發會給股東，相等於每股78%左右。

此外，居林也發文告透露退休基金局（KWAP）在上週一（20日）於公開市場上買進前者14萬7千700股的股權，將持股率提昇到約9%。（星洲日報／財經）

Name	Johor Corporation
Address	Level 11, Menara KOMTAR, Johor Bahru City Centre, 80000 Johor Bahru, Johor
NRIC/Passport No/Company No.	PJECT41968
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary shares of RM0.25 each
Name & address of registered holder	Johor Corporation Level 11, Menara KOMTAR, Johor Bahru City Centre, 80000 Johor Bahru, Johor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	21/10/2014	145,000

Circumstances by reason of which change has occurred	Acquisition of Shares in Open Market
Nature of interest	Direct
Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	774,348,054
Date of notice	27/10/2014

icy97

icy97 发表于 26-9-2014 03:03 AM

Type	Announcement
Subject	OTHERS
Description	KULIM (MALAYSIA) BERHAD (“KULIM” OR “COMPANY”) DISPOSAL BY EPA MANAGEMENT SDN BHD ("EPA" OR "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF KULIM, OF ITS ENTIRE SHAREHOLDING IN SUPERIOR HARBOUR SDN BHD ("SHSB") TO MOHD SUKRI BIN ISMAIL ("MOHD SUKRI" OR "PURCHASER")
Unless otherwise stated, definitions used in this announcement shall carry the same meanings as those defined in the announcement dated 25 September 2014 in relation to the Disposal. Further to the announcement dated 25 September 2014, Kulim wishes to announce that the Disposal is duly completed today. This announcement is dated 20 November 2014.

icy97

居林第三季净利扬28%

财经新闻 财经  2014-11-30 11:10
（吉隆坡29日讯）居林（KULIM，2003，主板种植股）截至9月30日第三季，净利按年上扬27.96%至1768万1000令吉，或每股盈利1.38仙，上财年同期为1381万8000令吉。

第三季营业额报2亿6359万2000令吉，上财年同期为2亿5711万1000令吉，上升2.52%。

合计首三季，营业额从7亿6118万6000令吉，增长6.61%，至8亿1152万5000令吉；净利则报1亿5424万9000令吉，上财年同期为4亿3867万9000令吉，按年下跌64.84%。

由于受到表现疲软的鲜果串产量与原棕油价格影响，导致原棕油业务的盈利较去年低。

截至该季度，原棕油均价为2528令吉，比去年同期的2692令吉，低6.09%。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2014	30/09/2013	30/09/2014	30/09/2013
		$$'000	$$'000	$$'000	$$'00

1	Revenue	263,592	257,111	811,525	761,186
2	Profit/(loss) before tax	15,255	34,946	72,272	63,201
3	Profit/(loss) for the period	29,035	15,199	265,598	484,706
4	Profit/(loss) attributable to ordinary equity holders of the parent	17,681	13,818	154,249	438,679
5	Basic earnings/(loss) per share (Subunit)	1.38	1.09	12.06	34.74
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 ($$)	3.0500		2.9200

icy97

icy97 发表于 29-8-2014 05:30 AM
居林沽清Nexsol予丰益国际

财经新闻 财经  2014-08-28 13:40

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KULIM (MALAYSIA) BERHAD (“KULIM” OR THE “COMPANY”) (I)        DISPOSAL OF THE ENTIRE EQUITY INTEREST IN NEXSOL (MALAYSIA) SDN BHD (“NEXSOL”), A WHOLLY-OWNED SUBSIDIARY OF THE KULIM GROUP TO PGEO GROUP SDN BHD (“PGEO GROUP”), A WHOLLY-OWNED SUBSIDIARY OF WILMAR INTERNATIONAL LIMITED (“WILMAR”) FOR A CASH CONSIDERATION OF RM27.0 MILLION (“DISPOSAL 1”); AND (II)        PROPOSED DISPOSAL OF A PART OF A LEASEHOLD LAND, MEASURING APPROXIMATELY 30.0 ACRES HELD UNDER HS(D) 454418, PTD 3932 SITUATED IN MUKIM OF SUNGAI TIRAM, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR TO PGEO EDIBLE OILS SDN BHD (“PGEO EDIBLE”), A WHOLLY-OWNED SUBSIDIARY OF PGEO GROUP FOR A CASH CONSIDERATION OF RM23.0 MILLION (“PROPOSED DISPOSAL 2”)
Unless otherwise stated, the terms used herein has the same meaning as those defined in the announcement made on 27 August 2014. We refer to the announcements dated 27 August 2014 and 26 November 2014 in relation to the Proposed Disposals. On behalf of the Board, RHB Investment Bank wishes to announce that all the conditions precedent in the SPA have been fulfilled on 3 December 2014 and that Disposal 1 has also been completed on even date following the receipt of the Disposal Consideration 1 from PGEO Group. Accordingly Nexsol shall cease to be a subsidiary of Kulim Group with effect from 3 December 2014. This announcement is dated 3 December 2014.

icy97

EX-date	17/12/2014
Entitlement date	19/12/2014
Entitlement time	05:00:00 PM
Entitlement subject	Interim Dividend
Entitlement description	9.5 sen single tier interim dividend per ordinary shares of RM0.25 each
Period of interest payment	to
Financial Year End	31/12/2014
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Pro Corporate Management Services Sdn Bhd Level 11, Menara KOMTAR, Johor Bahru City Centre 80000 Johor Bahru, Johor 07-2267692/2267670
Payment date	29/12/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	19/12/2014
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	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.095

icy97

居林股东批准售新英棕油

财经新闻 财经  2014-12-04 09:00
（吉隆坡3日讯）居林（KULIM，2003，主板种植股）股东，今天批准集团脱售手上49%新英棕油（NBPOL）股权给森那美（SIME，4197，主板贸服股）的议案。

居林向大马交易所报备，该项议案已在今日召开的特大上，获得股东通过。

早前，居林宣布，以5亿2540万英镑（约27.5亿令吉），脱售新英棕油49%股权给森那美。

不过，居林和森那美的股价不受正面消息鼓舞，反而跟随大市走跌。

居林全日收低9仙或2.7%，达3.24令吉，成交量61万8000股；而森那美则下跌7仙或0.73%，报9.51令吉，成交量785万8300股。

柔佛机构加码

此外，居林大股东柔佛机构（JohorCorp），也在周二增持居林的2300万股或1.73%股权，把持股率增加至61.94%，相等于8亿2210万股。

之前，居林指出，在脱售新英棕油股权股权后，将会拨出其中10亿令吉，在两年内通过派息方式逐步回馈股东，而柔佛机构将会从中获得庞大股息，为最大受惠者。

虽然居林目前主要聚焦在种植业务，但也计划进军油气勘探业。

集团已涉及其他油气业务，如通过子公司E.A.Technique和Danamin公司，运输清洁石油产品和进行制造业务。

派息9.5仙

另一方面，居林宣布为截至12月杪的财年，派发9.5仙单层股息，除权日为本月17日，预计在29日支付予股东。【南洋网财经】

icy97

Type	Announcement
Subject	OTHERS
Description	KULIM (MALAYSIA) BERHAD (“KULIM” OR THE “COMPANY”) LISTING OF E.A. TECHNIQUE (M) BERHAD (“E.A. TECHNIQUE”), AN INDIRECT SUBSIDIARY COMPANY OF KULIM HELD THROUGH SINDORA BERHAD (“SINDORA”), A WHOLLY-OWNED SUBSIDIARY COMPANY OF KULIM ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) (“LISTING”)
Unless otherwise stated, the terms used herein have the same meaning as those defined in the announcement made on 14 April 2014. We refer to the announcements dated 14 April 2014, 2 May 2014, 3 September 2014, 15 October 2014, 6 November 2014 and 14 November 2014 in relation to the Listing. On behalf of the Board, RHB Investment Bank wishes to announce that E.A. Technique had on 9 December 2014 allotted 129,000,000 ordinary shares of RM0.25 each in E.A. Technique to all subscribers pursuant to its Listing (“Allotment”). Pursuant to the Allotment, a total of 2,465,000 E.A. Technique Shares were allotted to the following directors of E.A. Technique pursuant to the pink form allocation under the Listing (“Pink Form Shares Allocation”):- Name Designation No. of E.A. Technique Shares allocated/ alloted Ahamad bin Mohamad Non-Independent Non-Executive Chairman 500,000 Rozan bin Mohd Sa’at Non-Independent Non-Executive Director 327,500 Azli bin Mohamed Non-Independent Non-Executive Director 327,500 Datuk Anuar bin Ahmad Senior Independent Non-Executive Director 327,500 Datuk Mohd Nasir bin Ali Independent Non-Executive Director 327,500 Md Tamyes bin Hj A.Rahim Independent Non-Executive Director 327,500 Abdul Azmin bin Abdul Halim Independent Non-Executive Director 327,500 The criteria for allocation to the Directors are based on, amongst others, their respective roles, responsibilities and contribution in E.A. Technique Group. Save as disclosed below, there is no relationship and/or association between any of the substantial shareholders and directors:- (i)             Ahamad bin Mohamad and Rozan bin Mohd Sa’at, are the Directors of Kulim and E.A. Technique (“Interested Directors”); and (ii)            Azli bin Mohamed is the Chief Financial Officer of Kulim. The Board, with the exception of the Interested Directors, is of the opinion that the Pink Form Shares Allocation to the directors of E.A. Technique is fair and reasonable to Kulim and is in the best interest of Kulim. This announcement is made pursuant to Paragraph 6.06(4) of the Main Market Listing Requirements of Bursa Securities. This announcement is dated 9 December 2014.

icy97

居林4.5亿购CSE六成股权

财经 2014年12月10日
（吉隆坡10日讯）居林（KULIM，2003，主板种植股）今日宣布，该公司將通过旗下子公司--居林能源努三特拉有限公司（Kulim Energy Nusantara，KENSB）分別与Citra Sarana Energi（CSE）及CSE的股东PT Wisesa Inspirasi Sumatera（WIS）和PT Inti Energi Sejahtera（IES）达成有条件认购和收购股票协议（CSSPA），以现金1亿3355万美元（约4亿5407万令吉），收购Citra Sarana Energi（CSE）60%的股权。

该项收购建议预计將在2015年上半年完成。

此外，该公司表示，將通过內部融资进行此项收购。此前，居林建议脱售新不列顛棕油（New Britain Palm Oil Limited）的48.97%股权，预计將从中获利8亿5000万令吉，充作公司拓展业务资金。

根据文告，这项有条件认购和收购股票协议是建立在稍早前居林和PT Graha Sumber Berkah(PT GSB）签署的合作备忘录（MOU）上。这项协议將拓展居林在印尼的油气领域上游业务。

隨著这项收购，预料將为居林未来的盈利及每股盈利（EPS）带来正面贡献。

该公司股价在週三(10日）掛3.30令吉,全天上升10仙或3.12%。成交量为10万股，较昨日的51万1300股低。【东方网财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KULIM (MALAYSIA) BERHAD (“KULIM” OR THE “COMPANY”) PROPOSED ACQUISITION BY KULIM ENERGY NUSANTARA SDN BHD (“KENSB”), A WHOLLY OWNED SUBSIDIARY OF KULIM OF 60% EQUITY INTEREST IN PT CITRA SARANA ENERGI (“CSE”) AT A TOTAL CONSIDERATION OF APPROXIMATELY USD133.55 MILLION
The Board of Directors of the Company wishes to announce that KENSB had on even date entered into a Conditional Subscription and Shares Purchase Agreement (“CSSPA”) with CSE and its existing shareholders namely, PT Wisesa Inspirasi Sumatera (“WIS”) and PT Inti Energi Sejahtera (“IES”) (collectively referred to as the “Sellers”), for a total cash consideration of approximately USD133.55 million (equivalent to approximately RM462.68 million) (“Purchase Consideration”) in relation to the acquisition of 60% equity interest in CSE. Further details on the Proposals are as per attachment. This announcement is dated 10 December 2014. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1821973

Attachments Kulim Announcement - Proposed Acquisition CSE (101214)(3).pdf

icy97

近期油價跌不休 居林涉足油氣業風險大

財經股市11 Dec 2014 23:00
（吉隆坡11日訊）在油價陷跌期間，居林集團（KULIM，2003，主要板種植）卻逐步進軍油氣相關業務，券商認為此舉具有很大風險，因此建議“守住”評級，合理價3.65令吉。

根據大馬投資研究分析報告，在油氣相關業者在減低資本開銷同時，居林集團則增加投資在油氣相關活動，包括斥1億3355萬美元（約4億6268萬令吉）收購PT Citra Sarana Energi 60%股權。

Sarana Energi旗下油田還處于探勘階段，很大可能會虧損，估計不能在近期內抵消居林集團脫售新不列顛棕油有限公司（簡稱NBPOL）股權的淨虧。

由于Sarana Energi未有披露財報表現，大馬投資研究也不肯定4億6268萬令吉的收購價是否合理。

居林集團全日小幅走跌，今早跌4仙以3.26令吉開跑，然后一路下滑。該股休市報價同樣掛3.26令吉，半日交易量僅達7萬3300股。

閉市時，居林集團跌6仙至3.24令吉，全日交投量19萬500股。【中国报财经】

icy97

icy97 发表于 27-10-2014 11:04 PM
售NBPOL股权予森那美　居林回退10亿

财经 2014年10月23日

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KULIM (MALAYSIA) BERHAD (“KULIM” OR THE “COMPANY”) DISPOSAL BY KULIM OF 73,482,619 ORDINARY SHARES IN NEW BRITAIN PALM OIL LIMITED (“NBPOL”), REPRESENTING ITS ENTIRE EQUITY INTEREST IN NBPOL TO SIME DARBY PLANTATION SDN BHD (“SIME DARBY PLANTATION” OR THE “OFFEROR”), A WHOLLY-OWNED SUBSIDIARY OF SIME DARBY BERHAD (“SIME DARBY”) FOR A DISPOSAL CONSIDERATION OF APPROXIMATELY GBP525.40 MILLION, (EQUIVALENT TO APPROXIMATELY RM2.75 BILLION) PURSUANT TO THE CASH TAKEOVER OFFER TO ACQUIRE ALL SHARES IN NBPOL (“NBPOL SHARE(S)”) BY THE OFFEROR AT AN OFFER PRICE OF GBP7.15 PER NBPOL SHARE (“OFFER”) (“DISPOSAL”)
Unless otherwise stated, the terms used herein has the same meaning as those defined in the announcement made on 23 October 2014 in relation to the Disposal. We refer to the announcements dated 23 October 2014, 3 December 2014, 28 January 2015, 9 February 2015, 23 February 2015 and 25 February 2015 in relation to the above matter. On behalf of the Board, RHB Investment Bank wishes to announce that the Disposal had been completed on 26 February 2015 following the receipt of the Disposal Consideration from Sime Darby Plantation. Accordingly, NBPOL shall cease to be a subsidiary of Kulim Group. This announcement is dated 26 February 2015.

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KULIM (MALAYSIA) BERHAD

EX-date	10/03/2015
Entitlement date	12/03/2015
Entitlement time	05:00:00 PM
Entitlement subject	Special Dividend
Entitlement description	Special dividend of RM0.3765 per ordinary share of RM0.25 each in Kulim (Malaysia) Berhad (“Kulim”) (“Kulim Shares”) arising from the disposal by Kulim of 73,482,619 ordinary shares in New Britain Palm Oil Limited (“NBPOL”), representing its entire equity interest in NBPOL to Sime Darby Plantation Sdn Bhd, a wholly-owned subsidiary of Sime Darby Berhad for a disposal consideration of approximately GBP525.40 million, to all entitled shareholders of Kulim (“Disposal”) (“Special Dividend”)
Period of interest payment	to
Financial Year End	31/12/2015
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Pro Corporate Management Services Sdn Bhd Level 11, Menara KOMTAR Johor Bahru City Centre 80000 Johor Bahru Johor No. Tel. : 07 - 226 7476 Fax No. : 07 - 222 3044
Payment date	23/03/2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	12/03/2015
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	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.3765

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Type	Announcement
Subject	OTHERS
Description	KULIM (MALAYSIA) BERHAD (“KULIM” OR THE “COMPANY”) ADJUSTMENT TO THE EXERCISE PRICE OF WARRANTS 2011/2016 AND EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) OPTIONS PURSUANT TO THE SPECIAL DIVIDEND OF RM0.3765 PER ORDINARY SHARE OF RM0.25 EACH IN KULIM (“KULIM SHARES”) (“SPECIAL DIVIDEND”)
Unless otherwise stated, the terms used herein has the same meaning as those defined in the announcement made on 26 February 2015 in relation to the Special Dividend. We refer to the announcement dated 26 February 2015 in relation to the Special Dividend. On behalf of the Board of Directors of Kulim, RHB Investment Bank Berhad wishes to inform that the Special Dividend will give rise to adjustments to the exercise price of the outstanding warrants 2011/2016 and outstanding ESOS options pursuant to the provisions of the deed poll dated 25 February 2011 (“Deed Poll”) and by-laws dated 31 December 2013 (“By-Laws”) respectively (“Adjustment”). For illustrative purposes, based on the Special Dividend of RM0.3765 per Kulim Share and the five (5)-day volume weighted average market price of Kulim Shares up to 25 February 2015 of RM3.24, being the last market day preceding the date on which the Special Dividend was announced, the exercise price of the outstanding Warrants 2011/2016 shall be adjusted from RM3.13 to RM2.77. Similarly for illustrative purposes, based on the closing market price of Kulim Shares as at 25 February 2015 of RM3.25, being the last market day preceding the date on which the Special Dividend was announced, the exercise price of the outstanding ESOS options shall be adjusted from RM3.05 to RM2.70. The actual adjustments will only be determined on the entitlement date of the Special Dividend after due certification by the Company’s external auditors and approved by the Board and shall become effective on the next market day following the entitlement date for the Special Dividend, being 13 March 2015. A notice setting out the details of the Adjustment will be despatched to the holders of the outstanding Warrants 2011/2016 and outstanding ESOS Options within the stipulated time in accordance to the provisions of the Deed Poll and By-Laws, respectively. This announcement is dated 26 February 2015.

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SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2014	31/12/2013	31/12/2014	31/12/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	283,633	251,972	1,095,158	1,013,158
2	Profit/(loss) before tax	23,261	43,727	95,533	106,928
3	Profit/(loss) for the period	56,630	-18,884	322,228	465,822
4	Profit/(loss) attributable to ordinary equity holders of the parent	23,091	-7,611	177,340	431,068
5	Basic earnings/(loss) per share (Subunit)	1.77	-0.60	13.55	33.80
6	Proposed/Declared dividend per share (Subunit)	0.38	0.00	0.38	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 ($$)	3.0000		2.9200