【KKB 9466 交流专区】许甲明

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	99,102	117,753	279,871	315,135
2	Profit/(loss) before tax	13,511	16,844	31,302	39,148
3	Profit/(loss) for the period	9,874	13,436	25,167	29,455
4	Profit/(loss) attributable to ordinary equity holders of the parent	9,634	11,036	21,629	22,219
5	Basic earnings/(loss) per share (Subunit)	3.74	4.28	8.39	8.62
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.3600		1.3100

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ype	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	KKB ENGINEERING BERHAD ("KKB" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO TWELVE PER CENTUM (12%) OF THE TOTAL NUMBER OF ISSUED SHARES OF KKB PURSUANT TO SECTIONS 75 AND 76 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of KKB (“Board”), UOB Kay Hian Securities (M) Sdn Bhd (“UOBKH”) wishes to announce that the Company proposes to undertake a proposed private placement of up to 12% of the total number of issued shares of KKB (“KKB Share(s)” or “Share(s)”) to third party investor(s) to be identified at an issue price to be determined in accordance to the general mandate pursuant to Sections 75 and 76 of the Act. Further details on the Proposed Private Placement are set out in the attachment below. This announcement is dated 19 November 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3210815

Attachments KKB - Announcement (Private Placement) - 19 November 2021.pdf

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Type	Announcement
Subject	OTHERS
Description	Sub-Contract Work: Supply, Fabricate, Painting & Installation of Structural Steel Works for the Proposed Glove Factory for Petchem Industrial Park, Tanjung Kidurong, Bintulu, Sarawak
INTRODUCTION The Board of Directors (“the Board”) of KKB Engineering Berhad (“KKB”) is pleased to announce that KKB has received a Letter of Sub-Contract Work: Supply, Fabricate, Painting & Installation of Structural Steel Works for the Proposed Glove Factory for Petchem Industrial Park, Tanjung Kidurong, Bintulu, Sarawak [Sarawak Medical Innovation & Technology Hub (the “SMITH Project”). KKB has also received a Purchase Order for the C14 RQ Cylinders and C14 Compact Valve from MyGaz Sdn. Bhd (“MyGaz”). The combined total contract sum for the abovementioned contracts is worth approximately RM17 million (Ringgit Malaysia: Seventeen Million Only). Both the Sub-Contract and the Purchase Order are scheduled to be completed by the Second Quarter of 2023. FINANCIAL EFFECTS The abovementioned Sub-Contract and Purchase Orders will have no effect on Share Capital of the Company and is expected to contribute positively towards the earnings and net assets of the Company and Group for the duration of the supply period. RISK FACTORS Risk factors affecting the abovementioned Contracts include execution risks such as the COVID-19 ongoing endemic and its effect, availability of skilled manpower and materials, changes in pricing, weather conditions and/or political, economic and regulatory conditions. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST To the best of our knowledge, none of the Directors and/or major shareholders and/or person connected with them has any interest, direct or indirect in the abovementioned Contracts. DIRECTORS’ STATEMENT The Board is of the opinion that the abovementioned Contracts are in the best interest of KKB and its group of companies. This announcement is dated 6 September 2022.

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Type	Announcement
Subject	OTHERS
Description	Notice to Commence Arbitration Proceedings by OceanMight Sdn. Bhd. against Shapadu Energy Services Sdn. Bhd.
The Board of Directors (“the Board”) of KKB Engineering Berhad (“KKB”) wishes to announce that its subsidiary OceanMight Sdn. Bhd. (“OMSB”) has issued a notice to commence arbitration proceedings (“Arbitration Notice”) against Shapadu Energy Services Sdn. Bhd. (“SHAPADU”). Vide Letter of Awards dated 23 December 2019 and 14 January 2020, OMSB appointed SHAPADU as its Subcontractor to carry out Hook-Up Commissioning Projects in Sarawak. A dispute has arisen between OMSB and SHAPADU in relation to the projects. By OMSB’s solicitor’s letter dated 6 April 2023, OMSB refuted SHAPADU’s claims and stated that SHAPADU has fundamentally breached its obligations under the contracts. As a result, OMSB had to take over the subcontract to complete the projects. Pursuant to the Arbitration Notice, OMSB is claiming costs for the completed projects, loss of profits and all other loss and expenses incurred including incidental costs. The abovementioned arbitration proceedings commenced by OMSB is not expected to have any material effect on the earnings, net assets and gearing of KKB Group for the financial year ending 31 December 2023. The arbitration proceedings are also not expected to have material operational impact on KKB Group. To the best of our knowledge, none of the Directors and/or major shareholders and/or person connected with them has any interest, direct or indirect in the abovementioned proceedings. The Board will make further announcements if there are any material developments on the above matter. This announcement is dated 15 September 2023.

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Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	MEMORANDUM OF UNDERSTANDING BETWEEN OCEANMIGHT SDN. BHD., A SUBSIDIARY OF KKB ENGINEERING BHD. ("KKB") AND SAMSUNG ENGINEERING CO., LTD.
INTRODUCTION KKB is pleased to announce that OceanMight Sdn. Bhd. (“OMSB”), a subsidiary of the Company has entered into a Memorandum of Understanding (“MOU”) with Samsung Engineering Co., LTD. (“SECL”), a company whose registered office is at Samsung GEC, 26, Sangil-ro 6-gil, Gandong-gu, Seoul 05288, Korea for both parties to cooperate and collaborate with each other in the preparation, submission and negotiation of tenders for projects worldwide which may involve specialized scope of work and supply such as Engineering, Procurement and Construction of offshore and onshore oil and gas process modules and structures. DURATION OF CONTRACT The MOU shall be valid for 2 years subject to the terms of the MOU. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors and/or major shareholders and/or person connected with them has any interest, direct or indirect in the abovementioned MOU. DIRECTORS’ STATEMENT The Board is of the opinion that the abovementioned MOU is in the best interest of KKB and its Group. This announcement is dated 8 February 2024.

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	MEMORANDUM OF UNDERSTANDING BETWEEN OCEANMIGHT SDN. BHD., A SUBSIDIARY OF KKB ENGINEERING BHD. AND SAMSUNG ENGINEERING CO., LTD.
Unless otherwise defined, all abbreviations and definitions used herein shall have the same meaning as defined in the Company’s announcement made on 8th February 2024. Further to the announcement made on 8th February 2024, KKB Engineering Berhad (“KKBEB”) wishes to further announce that the salient terms of the MOU are as follows: The MOU was made and entered into on 26th January 2024 (the “Effective Date”) (1)  SECL is an experienced main contractor for the execution of certain engineering, procurement and construction projects worldwide and intends to participate in tenders for such projects (hereinafter referred to as a “Project” or “Projects” as the context requires). 1.  General Agreement 1.1   The Parties shall, in close collaboration with each other, use best efforts for the successful award of certain Projects and, if awarded, for the development and implementation of the said Projects. For the avoidance of doubt, such collaboration shall include the preparation of tenders by SECL (“Tender”) with input of necessary information or data from OMSB (“Proposal”), as may be agreed to between the Parties. 1.2   If requested by SECL, OMSB agrees to provide SECL with its most competitive price for the Proposal on the item/unit basis, which shall serve as the basis for SECL’s Tender and execution of all future Projects the Parties may collaborate on. For sake of clarity, nothing contained herein imposes an obligation on SECL to invite OMSB to submit a Proposal for any particular Project. 1.3   If a Tender is successful and the relevant Project is awarded to SECL, the Parties shall negotiate in good faith and execute a Purchase Order (“PO”) for such Project for the work and services contemplated to be provided by OMSB for the Project. 1.4   The Parties acknowledge that it is not feasible to adequately foresee and address every issue involving the collaboration of the Parties until a definitive agreement has been entered into. The Parties shall therefore use their best endeavors to further their mutual interest under this MOU in accordance with the spirit of close cooperation and mutual assistance. 2.  Term and Termination 2.1  The MOU shall take effect on the Effective Date and shall continue in force and effect for twenty-four (24) months from the Effective Date unless the Parties agree in writing to extend it. The Board is of the opinion that the above understanding, once formalized, will be in the best interest of KKB Group of Companies. This Announcement is dated 16th February 2024.

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2023

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2023	31 Dec 2022	31 Dec 2023	31 Dec 2022
		$$'000	$$'000	$$'000	$$'000

1	Revenue	166,063	81,741	470,978	386,843
2	Profit/(loss) before tax	14,802	14,615	52,163	25,094
3	Profit/(loss) for the period	5,314	10,401	34,346	18,467
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,613	6,677	26,629	11,705
5	Basic earnings/(loss) per share (Subunit)	1.25	2.31	9.22	4.05
6	Proposed/Declared dividend per share (Subunit)	7.00	6.00	7.00	6.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.4100		1.3800

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KKB ENGINEERING BERHAD

Entitlement subject	First and Final Dividend
Entitlement description	A First and Final Single Tier Dividend of seven (7) sen per ordinary share
Ex-Date	05 Jun 2024
Entitlement date	06 Jun 2024
Entitlement time	5:00 PM
Financial Year End	31 Dec 2023
Period
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date	25 Jun 2024
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	06 Jun 2024
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
Announced Currency	Malaysian Ringgit (MYR)
Disbursed Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	Malaysian Ringgit (MYR) 0.0700