【PERWAJA 5146 交流专区】柏华嘉控股

icy97

錦記和柏華嘉虧損恐惡化

2013-11-26 17:06      
吉隆坡26日訊）錦記鋼鐵（KINSTEL，5060，主板工業產品組）和旗下柏華嘉（PERWAJA，5146，主板工業產品組）宣佈變換財政年結賬日期，以便管理層有更多時間落實全面重組，興業研究認為，這兩家公司短期內可能資產減值和虧損擴大，而能否成功啟動鐵礦、濃縮和球團廠業務，將為該集團翻身的關鍵。

鐵礦濃縮球團廠業務成翻身關鍵

錦記鋼鐵在昨日宣佈董事部批准將公司財政年結賬日期從12月杪改為6月杪，同時擁有37%股權的柏華嘉也作出相同修改。

或進一步將資產減值

興業研究認為，該集團在重組行動下可能進一步將資產減值，因此全面修改財務預測以反映財政年變動以及更多潛在虧損，尤其是來自柏華嘉的虧損。如今預期錦記鋼鐵在2014財政年虧損9千萬令吉和2015年取得800萬令吉盈利。

“我們相信該股短期內虧損可能擴大，但由於股價接近5年歷史低點，現階段下跌空間有限。”

該行並估計柏華嘉2014年虧損2億1千200萬令吉和2015年獲利400萬令吉。

在今年9月，企業債務重組委員會批准這兩家公司尋求該會協助和放貸銀行協調。大馬高庭也給予柏華嘉保護令，這應可協助該集團展開債務重組和改善短期財務。

興業認為，錦記鋼鐵若要有效重組，柏華嘉必須改頭換面。後者在礦務、濃縮和球團廠的潛在貢獻可拯救錦記鋼鐵免於進一步財務緊絀，因有關業務具優渥的賺幅。

柏華嘉能否成功重組胥視於其營運上的革新。更重要的是，該集團應確保其鐵礦業務落實營運，這是其價值鏈內最有利可圖的業務。此外，濃縮和球團廠可在未來進一步提高其賺幅。這些計劃目前都已展延許久。

保持中和評級

該行對這兩家公司保持中和評級，錦記鋼鐵合理價從30仙下調至20仙，柏華嘉合理價從33仙調降至25仙。

今日閉市時，錦記鋼鐵股價跌0.5仙至19.5仙，柏華嘉則跌1.5仙至24仙。（星洲日報／財經‧報道：李勇堅）

APULA

难怪他这样为国阵卖命，原来是贱做自己，然后看国阵会来打救他的控股，我呸！方X兴，叫你的鸡哥来打救你吧！没那个本事就别老是扮演什么“华社救世主”，“独中救星”了，自己都救不了自己！呸！




无法偿还5000万回债 柏华嘉控股陷PN1
财经新闻 财经  2013-11-27 12:32
http://www.nanyang.com/node/581775?tid=462

（吉隆坡26日讯）柏华嘉控股（PERWAJA，5146，主板工业产品股）宣布无法偿还总值5000万令吉的回教债券，加上审计师对其前景感担忧，进而陷入PN17公司的行列。

柏华嘉控股母公司锦记钢铁（KINSTEL，5060，主板工业产品股）今日宣布，获兴业投资银行将总值4000万令吉的商业票据/中期票据赎回时限，再延长至12月27日。

但在柏华嘉控股方面，由于甘马挽工厂电源已遭国家能源（TENAGA，5347，主板贸服股）中断，该公司今表明无法在11月29日的限期内，偿还总值5000万令吉的Murabahah中期票据，甚至无法确定何时有能力偿还。

再者，柏华嘉控股审计师也在截至2012年12月31日的财政报告中，提出对该公司未来经营能力的担忧，并点出截至今年9月30日的股东权益，少于公司缴足资本的50%比例，因此被纳入PN17公司行列。

作为PN17公司，柏华嘉控股必须在12个月内呈交重组计划予证券监督委员会（SC）和大马交易所。

净亏扩大至2.2亿
不仅如此，柏华嘉控股今日宣布截至9月30日季度业绩，净亏幅度从去年同期的3830万2000令吉，进一步扩大至2亿2713万2000令吉，每股亏损达40.56仙，营收亦年跌36.56%至2亿3601万4000令吉。

这两家公司早前获政府企业债务重组委员会（CDRC）同意伸出援手，协助其和债权人就债务重组计划进行协调，并在上月杪从吉隆坡高等法院获得限制令，限制任何一方在90天内采取诉讼行动。

锦记钢铁和柏华嘉控股均表示，目前正在规划重组计划，并正与债权人协调延长还债日。

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		Three Mths	Three Mths	Nine Mths	Nine Mths
		01/07/2013	01/07/2012	01/01/2013	01/01/2012
		To 30/09/2013	To 30/09/2012	To 30/09/2013	To 30/09/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	236,014	372,047	899,208	1,400,421
2	Profit/(loss) before tax	-107,132	-38,302	-199,776	-19,808
3	Profit/(loss) for the period	-227,132	-38,302	-319,776	-19,808
4	Profit/(loss) attributable to ordinary equity holders of the parent	-227,132	-38,302	-319,776	-19,808
5	Basic earnings/(loss) per share (Subunit)	-40.56	-6.84	-57.10	-3.54
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 ($$)	0.1400		0.7100

Type	Announcement
Subject	PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT
Description	PERWAJA HOLDINGS BERHAD (“PHB” or “the Company”) DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD The Board of Directors (“Board”) of the Company wishes to announce that its major subsidiary company, Perwaja Steel Sdn Bhd (“PSSB”) will not be able to pay off the Murabahah Medium Term Notes (“MMTN”) of RM50,000,000 which will fall due on 29 November 2013 as the electricity at the Company’s Kemaman Plant has been disconnected by Tenaga National Berhad (“TNB”). There is therefore no visibility of when this MMTN repayment will be made. However, the Company has embarked on serious discussion with TNB and is hopeful of an immediate solution. The full text of the announcement is attached herewith.

Attachments PHB-PN1.pdf

Type	Announcement
Subject	PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT
Description	PERWAJA HOLDINGS BERHAD (“PHB” or “the Company”) DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD Further to the Company's announcement on 26 November 2013 in relation to Practice Note 1, the Board of Directors of PHB would like to further inform that the paragraph on the "Business, financial and operational impact of the default on the Company" is as follows: Perwaja Steel Sdn Bhd ("PSSB") is currently working out a restructuring scheme, and has been engaging both its financial lenders and major creditors in this exercise. A scheme adviser has also been appointed. Pending PSSB being restructured successfully or a fresh injection of fund is forthcoming : a)        The existing banking facilities are frozen; and b)        Both the Steel Melt Shop ("SMS") and Direct Reduced Iron Plant ("DRI") have ceased operations. It is therefore expected that the PHB Group will incur further losses. This announcement is dated 27 November 2013.

icy97

无法偿还5000万票据 柏华嘉欠银行7.68亿

财经新闻 财经  2014-01-17 13:08
（吉隆坡16日讯）柏华嘉控股（PERWAJA，5146，主板工业产品股）无法偿还总值5000万令吉的Murabahah中期票据，造成连带拖欠4家银行共7亿6873万8785令吉。

根据母公司锦记钢铁（KINSTEL，5060，主板工业产品股）文告，这4家为柏华嘉控股提供银行便利的银行，分别为兴业银行、大马华侨银行、大马渣打银行和科威特金融公司。

锦记钢铁表示，违约的主因是钢铁领域放缓，导致钢铁价格下滑，而出现供应过剩的情况，公司陷入现金流不足的窘境。

无论如何，该公司已获政府的企业债务重组委员会（CDRC）出手相救，与债权人协调债务重组计划，同时也获得吉隆坡高庭发出的禁令，限制各方在90天内采取诉讼和行动。[南洋网财经]

icy97

一度近跌停‧柏華嘉LA賣壓沉重

2014-01-23 11:28      
（吉隆坡22日訊）柏華嘉（PERWAJA,5146,PN17公司）面對沉重財務壓力，導致柏華嘉LA（PERWAJA-LA,5146LA,債券）一度急挫29仙或35.15%，至53.5仙全天最低水平，突顯投資者對柏華嘉贖回債券能力存疑。

收市時，柏華嘉LA下跌21仙至61.5仙，全場僅有1萬6千股易手，柏華嘉則跌1仙至10.5仙，成交量為259萬2千200股。

柏華嘉是在2012年3月發行上述債券，總值達2億8千萬令吉，回酬率為7%，屆滿日期為2019年3月26日，轉換期限為7年，而轉換價則為1令吉，可以1對1比例轉換為面值1令吉的母股。

一旦屆滿到期，尚未贖回或轉換的柏華嘉LA，將獲得100%面值的現金贖回。由於柏華嘉陷困成為PN17公司，也使柏華嘉LA在股價波幅機制的限制下，面對無人問津的窘境。（星洲日報／財經）

icy97

icy97 发表于 31-10-2013 01:35 AM
柏華嘉鋼鐵獲保護令

2013-10-31 10:50      

柏华嘉仍在规划重组 禁令期限准延长180天

财经新闻 财经  2014-02-06 10:17
（吉隆坡5日讯）陷入亏损阴霾的柏华嘉控股（PERWAJA，5146，主板工业产品股）正着手重组计划中，同时获高庭延长禁令期限180天。

根据文告，柏华嘉控股至今仍在规划重组计划，以在9个月的期限内呈交予监管单位。

这家负债累累的锦记钢铁（KINSTEL，5060，主板工业产品股）子公司，获高庭将禁令再延长180天，限制各方在90天内采取诉讼和行动。

不过，这项禁令对国家能源、兴业银行、大马渣打银行、科威特金融公司、大马华侨银行、国家石油和大马政府并不适用。【南洋网财经】

PERWAJA HOLDINGS BERHAD

Type	Announcement
Subject	OTHERS
Description	PERWAJA HOLDINGS BERHAD (“PHB” OR “THE COMPANY”) Order under Section 176(1) and 176(10) of the Companies Act, 1965
We refer to the announcement made on the 30 October 2013 (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein. The Board of Directors of PHB wishes to announce that the Company’s wholly owned subsidiary, PSSB has been granted an extension of the Order pursuant to Section 176(1) and 176(10) of the Act, by the High Court on 27 January 2014 for a period of one hundred and eighty (180) days effective from 27 January 2014, save that the Order shall not be applicable against Tenaga Nasional Berhad, RHB Bank Berhad, Standard Chartered Bank Malaysia Berhad, Kuwait Finance House (Malaysia) Berhad, OCBC Bank (Malaysia) Berhad, Petroliam Nasional Berhad and Government of Malaysia. The Order is not expected to have any material impact on the financial and operational matters of the Company, as the Order is to solely facilitate and finalise PSSB’s scheme of arrangement. This announcement is dated 28 January 2014

APULA

柏華嘉重組計劃無進展
企業財經4 Feb 2014 21:28
http://www.chinapress.com.my/node/496530

（吉隆坡4日讯）负债累累的柏华嘉（PERWAJA，5146，主要板工业）指出，重组计划仍在进行阶段，目前无进展。

陷入PN 17公司行列的柏华嘉向马证交所报备，仍在进行重组计划，以规划財务状况。该公司仍有约9个月时间呈交重组计划，但重组计划自今年1月2日至今没有显著发展。

根据报备文件，高等法庭根据PN17第176（1）和176（10）条文，批准进一步延长旗下柏华嘉钢铁私人有限公司偿还贷款180天。

不过，有关延长期限並不包括欠下国家能源（TENAGA，5347，主要板贸易）、兴业银行（RHB Bank）、大马渣打银行（Standard Chartered Bank）、大马科威特金融公司（Kuwait Finance House）、大马华侨银行（OCBC Bank）、马石油（Petronas），以及我国政府的贷款。

无论如何，该公司指出，上述发展不会对財务和营运，带来任何重大影响，並会针对重组计划作出必要宣佈。

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT
Description	PERWAJA HOLDINGS BERHAD (“PHB” or the “Company”) - MONTHLY ANNOUNCEMENT PURSUANT TO THE PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
PERWAJA HOLDINGS BERHAD (“PHB” or the “Company”) - MONTHLY ANNOUNCEMENT PURSUANT TO THE PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD We refer to the Announcement dated 26 November 2013, 6 December 2013 and 2 January 2014 made by the Company in relation to the Company being classified as a PN17 Issuer. Unless otherwise defined, the definitions set out in the First Announcement shall apply herein. The Board of Directors of the Company hereby announces that the Company is still currently working out a restructuring scheme, and there is no material development since the announcement made previously on 2 January 2014. The Company has approximately nine (9) months to submit its regularisation plan to the relevant authorities for approval. The Company will make the necessary announcement on the regularisation plan in accordance with the requirements under the PN17. Further, the Company’s wholly owned subsidiary, PSSB has been granted an extension of the Order pursuant to Section 176(1) and 176(10) of the Act, by the High Court on 27 January 2014 for a period of one hundred and eighty (180) days effective from 27 January 2014, save that the Order shall not be applicable against Tenaga Nasional Berhad, RHB Bank Berhad, Standard Chartered Bank Malaysia Berhad, Kuwait Finance House (Malaysia) Berhad, OCBC Bank (Malaysia) Berhad, Petroliam Nasional Berhad and Government of Malaysia.  Please refer to the Company’s announcement on 28 January 2014 in relation to the above. This announcement is dated 04 February 2014

icy97

柏華嘉償還馬石油2.8億

企業財經13 Feb 2014 20:58
（吉隆坡13日訊）負債累累的柏華嘉（PERWAJA，5146，主要板工業）與馬石油（PETRONAS）達致和解，將全面償還總值約2.8億令未償還金額，並為未來天然氣供應作準備。

柏華嘉向馬證交所報備，旗下柏華嘉鋼鐵（Perwaja Steel）週一（10日）與馬石油簽署和解協議，將全數償還總值2億7577萬3453令吉的最終欠款給馬石油。

柏華嘉透過報備文告指出，上述協議和確保天然氣供應是讓公司復甦的重要里程碑，也是重振柏華嘉鋼鐵業務的關鍵。

“這也是重組公司財務及債務狀況的計劃之一。”

柏華嘉指出，將繼續與其他債主包括金融機構討論，以敲定各方都能接受的重組方案，改善公司業務，進一步脫離PN 17公司行列。【中国报财经】

Type	Announcement
Subject	OTHERS
Description	PERWAJA HOLDINGS BERHAD (“PHB” OR “THE COMPANY”) -Settlement Agreement with Petroliam Nasional Berhad
1. The Company hereby wishes to announce that its wholly-owned subsidiary, Perwaja Steel Sdn Bhd (“PSSB”) had reached an amicable settlement with Petroliam Nasional Berhad  (“Petronas”) on 10 February 2014. The Company has entered into a settlement agreement with Petronas for full and final settlement of the outstanding amount of RM275,773,453.64 (“Total Outstanding Sum”) and the provision for the future supply of dry gas. The executed copy from Petronas was received on 13 February 2014. This is an important milestone in Perwaja’s recovery and represents a key element in reviving PSSB’s operations. In addition, the Petronas Settlement Agreement is part of the group’s plan to restructure its financial position and indebtedness under a regularisation plan required by Bursa Malaysia Securities Berhad as a PN17 Issuer.  Moving forward, PHB will continue its on-going discussions with other creditors of PSSB, including the financial institutions, to finalise a restructuring scheme that is acceptable to all parties, which will lead to improvement of operations for PHB and PHB ceasing to be a PN 17 Issuer. 2. The execution of the Petronas Settlement Agreement: i.will not have any effect on the issued and paid-up share capital and the substantial shareholders’ shareholding of PHB as it does not involve any issuance of new shares or other securities by PHB; and ii.is not expected to have any material effect on the consolidated earnings and consolidated earnings per share of PHB Group for the financial year ending 30 June 2014; and is not subject to shareholders’ approvals or any other approvals and is not conditional upon any other proposals. 3.None of the Directors and/or major shareholders of the Company and persons connected to them are interested in the Petronas Settlement Agreement as the Directors and/or major shareholders and persons connected to them do not have any direct or indirect interest in the Petronas Settlement Agreement. 4.After having considered all aspects of the Petronas Settlement Agreement, including but not limited to the rationale and financial effects as mentioned above, the Board of Directors of PHB is of the opinion that the Petronas Settlement Agreement is in the best interest of the Company. 5.The Petronas Settlement Agreement will be made available for a period of one month for inspection (with prior written notice) during normal business hours at the registered office of the Company at Level 31, Maju Tower, 1001 Jalan Sultan Ismail, 50250 Kuala Lumpur. This announcement is dated 13 February 2014.

APULA

達成償債協議 柏華嘉全日漲10.5仙
財經股市14 Feb 2014 20:39
http://www.chinapress.com.my/node/499255
　
（吉隆坡14日訊）錦記鋼鐵（KINSTEL，5060，主要板工業）姐妹公司柏華嘉（PERWAJA，5146，主要板工業）與馬石油簽署和解協議，償還所欠金額，帶動前者交投火熱，柏華嘉則全日高漲72%。

錦記鋼鐵今早開盤微楊1仙至17仙，休市掛18仙，揚2仙，成交量達1905萬3000股。

午盤間，該股上揚3仙至19仙。閉市時，該股起5仙，報21仙，成交量錄得5373萬3600股，為十大熱門股之一。

MIDF證券研究指出，錦記鋼鐵早盤交投火熱，很可能是因為柏華嘉是項宣布。

“我們認為，錦記鋼鐵並不會太快脫離PN17行列，還需要一些時間。”

馬銀行投銀認為，錦記鋼鐵收益和現金流都會被姐妹公司柏華嘉所拖累，因此給于“賣出”評級。

根據昨日報導，負債累累的柏華嘉與馬石油達致和解，將全面償還總值約2.8億令未償還金額，並為未來天然氣供應作準備。

柏華嘉指出，該協議和確保天然氣供應是讓公司復甦的重要里程碑，也是重振公司鋼鐵業務的關鍵。公司將繼續與其他債主包括金融機構討論，以敲定重組方案，改善公司業務，進一步脫離PN 17公司行列。

柏華嘉今日開盤揚1.5仙，以16仙迎市，隨后以18仙掛休，起3.5仙，半日成交量達1188萬800股。

午盤間，該股上漲至25.5仙，勁漲11仙或76%。閉市時，該股仙漲10.5仙或72%至25仙，成交量報3291萬6500股。

icy97

国油同意延长还款 柏华嘉股价2天翻倍

财经新闻 财经  2014-02-18 12:15
（吉隆坡17日讯）继柏华嘉控股（PERWAJA，5146，主板工业产品股）与国家石油（Petronas）达成还款协议，延长偿还期限，股价受激励，延续上周五扬势，连续2个交易日，共上涨超过1倍。

今日闭市时，柏华嘉控股报32仙，起7仙或28%，成交量达3784万3900股；锦记钢铁则报26仙，扬5仙或23.81%，成交量达7120万9100股。
还国油2.7亿

华嘉控股WA（PERWAJA-WA，5146WA，主板凭单）也大涨44.44%或4仙，至13仙，成交量达792万8100股。

累积两个交易日，柏华嘉控股从上周四闭市的14.5仙，上扬1.2倍；锦记钢铁也从当时的16仙，扬升62.5%。

上周四，柏华嘉控股宣布，偿还国油2亿7577万3453令吉的欠款，及未来的天然气供应拨备金。

消息人士说，该公司成功与国油达成协议，可将欠款的还款期限拉长，分成43个月摊还。

此外，该公司还获得了长达1年半的宽限期，43个月的摊还期是在宽限期结束后才开始计算。

另外，华嘉控股今日也发表文告透露，该公司正与国家能源（TENAGA，5347，主板贸服股）敲定延长欠款摊还期限，双方协议洽谈已步入最后签约阶段，将于短期内再宣布新消息。【南洋网财经】

PERWAJA HOLDINGS BERHAD

Type	Announcement
Subject	OTHERS
Description	Perwaja Holdings Berhad (“PHB” or “the Company”) Article Entitled: “Energy lifeline for Perwaja?”
In reference to the Article entitled, "Energy Lifeline for Perwaja" in StarBiz dated 17 February 2014. Paragraph 4 of the article cited, “Sources also said Perwaja had secured a similarly favourable deal with Tenaga Nasional Bhd (TNB) with long repayment period for the amount owing to the utility giant.” The Board of PHB would like to clarify that the Company’s wholly owned subsidiary, Perwaja Steel Sdn Bhd is currently finalising the signing of the agreement with Tenaga Nasional Berhad. Once the agreement is signed, PHB will make the necessary announcements in due course. This announcement is dated 17 February 2014.

icy97

柏华嘉与国能达还债协议

财经新闻 财经  2014-02-21 11:52
（吉隆坡20日讯）继与国油（Petronas）达成还债协议后，柏华嘉控股（PERWAJA，5146，主板工业产品股）周三宣布与国家能源（TENAGA，5347，主板贸服股）签署欠款偿还协议，偿还1亿7671万2915令吉予后者。

这项消息也激励柏华嘉控股今日股价一度上扬2.5仙，或8.77%，至31仙的全日最高价位。

闭市时跌至26.5仙，全日跌2仙，或7%，成交量达782万7300股。

柏华嘉控股向马交所报备，独资子公司柏华嘉钢铁有限公司已在周二（18日）与国家能源签署相关合约，将遵从合约所定条件偿还欠款。

两家公司也签署附属合约，国能必须为柏华嘉钢铁位于登嘉楼甘马挽的厂房，重新驳接及恢复电供。

柏华嘉控股指出，这项合约对子公司而言是项重要的里程碑，同时也是公司债务重组计划的一部分。

“接下来，公司将继续与柏华嘉钢铁的其他债主及金融机构商谈债务重组计划，希望借此改进柏华嘉控股营运，并协助公司脱离PN17行列。”【南洋网财经】

Type	Announcement
Subject	OTHERS
Description	PERWAJA HOLDINGS BERHAD (“PHB” OR “THE COMPANY”) -Settlement Agreement with Tenaga Nasional Berhad
The Company hereby wishes to announce that its wholly-owned subsidiary, Perwaja Steel Sdn Bhd (“PSSB”) has signed a Settlement Agreement with Tenaga Nasional Berhad  (“TNB”) on 18 February 2014 to record the terms and conditions of settlement of all outstanding amounts due and owing by PSSB to TNB in respect of electricity bills issued by TNB  (including Judgments of Court which were granted in favour of TNB) for  a total sum of RM176,712,915.78 (as at 13.02.2014) in the manner set out in the Settlement Agreement. The Company wishes to further announce that PSSB has also signed a Supplemental Agreement dated 18 February 2014, which is supplemental to the  Electricity Supply Agreement dated 21 July 1990 made between PSSB and TNB (“the Principal Agreement”), for the reconnection and future supply of electricity to PSSB’s manufacturing facilities located at Kawasan Perindustrian Telok Kalong,  24007 Kemaman, Terengganu and to amend the Principal Agreement in the manner set out in the Supplemental Agreement. The terms and conditions of the aforesaid Agreements are governed by a confidentiality clause. The TNB Settlement Agreement is an important milestone in reviving PSSB’s operations and is part of the group’s plan to restructure its financial position and indebtedness under a regularisation plan required by Bursa Malaysia Securities Berhad as a PN17 company.  Moving forward, PHB will continue with its on-going discussions with other creditors of PSSB including the financial institutions, to finalise a restructuring scheme that is acceptable to all parties, which will lead to improvement of operations for PHB and PHB ceasing to be a PN 17 company. This announcement is dated 19 February 2014.

icy97

馬石油同意庭外和解 柏華嘉分期付款逾2.7億

企業財經21 Feb 2014 17:52
（吉隆坡21日訊）馬石油（Petronas）宣佈，已和柏華嘉（PERWAJA，5146，主要板工業）達致庭外和解，后者將分期付款償還2億7577萬令吉債務。

馬石油發佈文告指出，柏華嘉獨資子公司即柏華嘉鋼鐵私人有限公司與馬石油，雙方同意就拖欠馬石油2億7577萬令吉欠款一事庭外和解。

根據上述和解協議，馬石油同意讓柏華嘉鋼鐵從2015年8月份開始，以每月分期付款的形式，償還債務。

同時，馬石油亦同意，在預付的情況下，為柏華嘉鋼鐵提供幹氣（dry gas）。

馬石油強調，上述和解是項商業決定，以盡力追討回所有欠債。

稍早前，負債累累的柏華嘉鋼鐵在本月19日（週三）與國家能源（TENAGA，5347，主要板貿易）達致和解，以償還欠下國家能源總值約1億7671萬令吉的電費。【中国报财经】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		Three Mths	Three Mths	Twelve Mths	Twelve Mths
		01/10/2013	01/10/2012	01/01/2013	01/01/2012
		To 31/12/2013	To 31/12/2012	To 31/12/2013	To 31/12/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	13,943	463,306	913,151	1,863,727
2	Profit/(loss) before tax	-101,155	-172,418	-300,931	-192,226
3	Profit/(loss) for the period	-101,155	-212,442	-420,931	-232,250
4	Profit/(loss) attributable to ordinary equity holders of the parent	-101,155	-212,442	-420,931	-232,250
5	Basic earnings/(loss) per share (Subunit)	-18.06	-37.94	-75.17	-41.47
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 ($$)	-0.0400		0.7100

icy97

PERWAJA HOLDINGS BERHAD

Type	Announcement
Subject	PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT
Description	PERWAJA HOLDINGS BERHAD (“PHB” or “the Company”) DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
INTRODUCTION The Board of Directors (“Board”) of the Company wishes to announce that its major subsidiary company, Perwaja Steel Sdn Bhd (“PSSB”) will not be able to pay the coupon payment of RM9.8 million for its RM280.0 million nominal value of 7% Redeemable Convertible Unsecured Loan Stock (“RCULS”) which will fall due on 26 March 2014. However, PSSB has finalised the settlement agreement with Petroliam Nasional Berhad and Tenaga Nasional Berhad, being the two essential creditors of PSSB on 10 February 2014 and 18 February 2014 respectively. As such, PSSB will be able to resume its business operations with resumption of gas and electricity supply to its plant in Kemaman, Terengganu.  Please refer to the Company’s announcement on 13 February 2014 and 19 February 2014 for details of the above settlement. Further, PSSB together with its advisor are currently working towards finalising the debt restructuring scheme to restructure its financial position and total indebtedness. Reasons for the default Inability to generate cashflow due to temporary cessation of business operations as a result of non-payment to utility providers, which in turn was caused by the slowdown of steel industry and decline in steel prices. Measures by the Company to address the default PSSB has been in discussion with relevant parties to negotiate and explore various options to regularise its financial position and total indebtedness. Legal implications of the default including the extent of the listed issuer’s liability in respect of the obligations incurred under the agreements for the indebtedness PSSB has now been granted an order pursuant to Section 176(1) and Section 176(10) of the Act by the High Court on 29 October 2013 and further extension on 27 January 2014 to restrain all further proceedings, or the taking of any proceeding or action brought by any party including the scheme creditor(s) for a period of one hundred and eighty (180) days from 27 January 2014.  The abovementioned Order was applied for in order to facilitate PSSB to convene a meeting with its creditors pursuant to Section 176(1) of the Act for the purpose of considering and if thought fit, to approve with or without any alteration or modification, a proposed scheme of arrangement and compromise for PSSB. Business, financial and operational impact of the default on the Company PSSB is currently working out a restructuring scheme, and has been engaging both its financial lenders and major creditors in this exercise. An adviser has also been appointed. Pending PSSB being restructured successfully or a fresh injection of fund is forthcoming : a)         The existing banking facilities are frozen; and b)         Both the Steel Melt Shop ("SMS") and Direct Reduced Iron Plant ("DRI") have ceased operations. It is therefore expected that the PHB Group will incur further losses until the conclusion of its restructuring scheme. In the event the default is in respect of secured loan stocks or bonds, the lines of action available to the guarantors or security holders against the listed issuer Not applicable. In the event the default is in respect of payments under a debenture, to specify whether the default will empower the debenture holder to appoint a receiver or receiver and manager Not applicable. Where the default is in respect of a subsidiary or associated company, a confirmation as to whether the subsidiary or associated company is a major subsidiary or major associated company, as the case may be PSSB is a major subsidiary of the Company. Where the Default is in respect of a listed issuer, major subsidiary or major associated company, as the case may be - (i) a statement as to whether the listed issuer is solvent ("Solvency Declaration"). For this purpose, a listed issuer is regarded as "solvent" if the majority directors have formed the opinion that the listed issuer will be able to pay all its debts as and when they fall due within the period of 12 months from the date of the announcement; and (ii) if the listed issuer is solvent, a statement that the listed issuer undertakes to provide to the Exchange, the Solvency Declaration duly executed by its board of directors within 3 market days from the announcement date Currently, PSSB is in negotiation for a restructuring exercise with its lenders and creditors to negotiate the necessary steps to improve the Group’s cash position with the indulgence and support from the lenders and creditors. The solvency of the Group is dependent upon the acceptance and successful completion of the restructuring exercise by the Group. At this point in time, the Board of PHB is seeking indulgence from all its creditors and is therefore unable to provide Bursa Securities the required Solvency Declaration Statement due to the on-going exercise being carried out. This announcement is dated 3 March 2014.

icy97

PERWAJA HOLDINGS BERHAD

Type	Announcement
Subject	OTHERS
Description	PERWAJA HOLDINGS BERHAD (“PHB” or “the Company”) -        APPROVAL BY COMPANIES COMMISSION OF MALAYSIA ON THE EXTENSION OF TIME TO HOLD THE COMPANY’S ANNUAL GENERAL MEETING FOR 2014
We refer to the Company’s announcement dated 25 November 2013 in relation to the approval given by the Board of Directors on the change of the Company’s financial year end from 31 December 2013 to 30 June 2014. PHB wishes to announce that the Companies Commission of Malaysia has granted the Company an extension of time of up to 31 December 2014 to hold the 2014 Annual General Meeting (“AGM”) and to table its audited financial statements for the 18 months period ending 30 June 2014 at the AGM. This announcement is dated 04 March 2014.

icy97

柏华嘉无法付债券利息

财经新闻 财经  2014-03-05 11:47
（吉隆坡4日讯）柏华嘉控股（PERWAJA，5146，主板工业产品股）子公司———Perwaja钢铁私人有限公司（简称PSSB）将无法支付总值980万令吉的债券股回酬。

该批可赎回可转换无担保债券（RCULS）的面值为2亿8000万令吉，利息回酬为7%，将在3月26日到期。

柏华嘉控股解释，钢铁领域放缓加上钢铁价格受挫，使该公司欠下国家能源（TENAGA，5347，主板贸服股）及国油（Petronas）巨额欠款，商业营运也因此暂时停止。

有鉴于此，该公司并没有制造现金流的能力，以支付利息回酬。

不过，基于PSSB已和主要的债权人———国油和国家能源达成协议，因此其在登嘉楼甘马挽（Kemaman）的天然气和电源供应将重新恢复，营运也能重回轨道。【南洋网财经】

PERWAJA HOLDINGS BERHAD

Type	Announcement
Subject	PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT
Description	PERWAJA HOLDINGS BERHAD (“PHB” or “the Company”) DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
INTRODUCTION The Board of Directors (“Board”) of the Company wishes to announce that the Company will not be able to pay the coupon payment of RM9.8 million for its RM280.0 million nominal value of 7% Redeemable Convertible Unsecured Loan Stock (“RCULS”) which will fall due on 26 March 2014. However, we wish to inform that the Company’s wholly-owned subsidiary, Perwaja Steel Sdn Bhd (“PSSB”) has finalised the settlement agreement with Petroliam Nasional Berhad and Tenaga Nasional Berhad, being the two essential creditors of PSSB on 10 February 2014 and 18 February 2014 respectively.  As such, PSSB will be able to resume its business operations with resumption of gas and electricity supply to its plant in Kemaman, Terengganu.  Please refer to the Company’s announcement on 13 February 2014 and 19 February 2014 for details of the above settlement. Further, PSSB together with its advisor are currently working towards finalising the debt restructuring scheme to restructure its financial position and total indebtedness. Reasons for the default Inability to generate cashflow by PSSB, the operating company under PHB’s  group of companies (“PH Group”) due to temporary cessation of business operations as a result of non-payment to utility providers, which in turn was caused by the slowdown of steel industry and decline in steel prices. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1557705

icy97

柏华嘉无法付285万回酬

财经新闻 财经  2014-03-25 13:43
（吉隆坡24日讯）柏华嘉控股（PERWAJA，5146，主板工业产品股）子公司———柏华嘉钢铁私人有限公司（简称PSSB）今日向马交所报备，将无法支付总值285万令吉的回教票据回酬。

根据该公司文告，上述回酬属于其总值5000万令吉Murabahah回教中期票据，于3月25日到期。

该公司已于去年11月公布，无力偿还上述总值5000万令吉的回教债券。

目前，柏华嘉控股正与债主洽谈，对公司债务进行重组，并将遵循PN17公司条例定时宣布最新消息。

该公司因未来经营能力引起担忧，加上截至去年9月30日的股东权益少于公司缴足资本的50%比例，因此被纳入PN17公司行列。【南洋网财经】

PERWAJA HOLDINGS BERHAD

Type	Announcement
Subject	OTHERS
Description	PERWAJA HOLDINGS BERHAD (“PHB” or the “Company”) MURABAHAH MEDIUM TERM NOTES PROGRAMME OF PERWAJA STEEL SDN BHD
The Company wishes to inform that RHB Investment Bank Berhad (“RHB IB”) as the Facility Agent for the Murabahah Medium Term Notes Programme (“MMTN Programme”) under its wholly-owned subsidiary, Perwaja Steel Sdn Bhd (“PSSB”), has made an announcement on FAST website that PSSB will not be able to make coupon payment for the MMTN Programme due on 25 March 2014.  The coupon payment amounts to RM2.85 million. Please refer to the Company’s announcement on 26 November 2013 whereby the Company has disclosed PSSB’s inability to repay the principal amount due of RM50.0 million for the MMTN Programme. PHB Group is currently working out a restructuring scheme with its financial lenders and creditors, and will make the necessary announcement on the regularisation plan in accordance with the requirements under the PN17. This announcement is dated 24 March 2014.

icy97

主席2董事辭職‧柏華嘉委新主席

2014-04-24 11:21      
（吉隆坡23日訊）柏華嘉（PERWAJA,5146,主板工業產品組）在董事部大地震，主席和兩名董事相繼辭職之後，宣佈委任拿督翁詩同為新任執行主席。

柏華嘉發文告表示，現年60歲的翁詩同目前是馬駒控股（Maju Holdings）的董事，而馬駒控股為該公司主要股東。

翁氏也同時受委為錦記鋼鐵（KINSTEL,5060,主板工業產品組）執行主席。

柏華嘉昨日宣佈，集團主席兼執行董事拉威曼占德、獨立董事拿督蕭文榮和白文輝（人名譯音）因私人理由而辭職。

柏華嘉董事部已接受他們呈辭，拉威的辭職立即生效，蕭文榮和白文輝則在4月17日生效。

資料顯示，蕭文榮是會計師，於2013年10月21日加入柏華嘉，白文輝在今年2月21日受委為董事，他目前在私人產業投資和發展公司擔任首席營運員。

新加坡藉的拉威於2013年7月22日出任主席一職，他自2012年7月起擔任馬駒控股（Maju Holdings）及旗下所有子公司的集團首席執行員。

拉威同時也在昨日辭去錦記鋼鐵主席職位，另一位董事梁寶華基於個人因素於4月18日離職。

錦記鋼鐵持有PN17公司柏華嘉的37.3%股權，這兩家公司都由丹斯里方天興擔任董事經理，其兒子拿督方振源出任首席執行員。（星洲日報／財經）

Date of change	22/04/2014
Name	Ravi Manchanda
Age	55
Nationality	Singaporean
Designation	Chairman & Director
Directorate	Executive
Type of change	Resignation
Reason	Due to personal reasons
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of the shareholders	No
Qualifications	Ravi Manchanda received his tertiary education at Dundee University, Scotland where he studied Bachelor of Arts in Degree Accountancy and Operational Research. He qualified as a Chartered Accountant with the Institute of Chartered Accountants of Scotland in 1985.

Date of change	23/04/2014
Name	Dato' Ong Tee Thong
Age	60
Nationality	Malaysian
Type of change	Appointment
Designation	Chairman & Director
Directorate	Executive
Qualifications	1.Bachelor of Science (Estate Management) degree from the University of Singapore. 2.A Member of the Institution of Surveyors, Malaysia.
Working experience and occupation	Dato’ Ong Tee Thong is presently a director of Maju Holdings Sdn Bhd which is a major shareholder of the Company. He started his career as a Valuation Officer in 1976 with the Valuation Division of the Treasury Department, Ministry of Finance, Malaysia and held the position of Acting Regional Director, Southern Region in 1980. He then joined the private sector and was initially involved in project management in the real estate industry. He subsequently became actively involved as a property developer undertaking and completing several commercial and residential projects in Johor Bahru. He served as the Chairman of the Housing Developers Association, Johor Branch for two terms from 1994 to 1998. He presently sits on the Board of several companies involved in property development and infrastructure projects.
Directorship of public companies (if any)	Kinsteel Bhd - Group Executive Chairman
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Perwaja Holdings Berhad - Direct Interest - 154,000 ordinary shares (0.028%)

icy97

若能寻得适当买家　柏华嘉前景将露曙光

二零一四年五月三日 晚上七时二十二分
（吉隆坡3日讯）境况不佳的钢铁制造商柏华嘉控股有限公司（PERWAJA，5146，工业产品组）董事局改组，预示着该集团又一次尝试去复原，它在长期以来一直致力恢复盈利。

据业内人士指出，这些变动主要是在拉维曼产达离开前进控股私人有限公司后而进行，后者是丹斯里阿布萨希德的私人投资工具用以控制柏华嘉。

目前还不清楚为什么拉维要离开前进控股，拉维是一名经验丰富的银行家，阿布萨希德早在2012年7月高调地与他签约，邀请他过来协助柏华嘉转盈。

去年7月，拉维取代阿布萨希德出任柏华嘉及控股公司锦记钢铁有限公司（KINSTEL，5060，工业产品组）的执行主席。

锦记钢铁持有柏华嘉37％，而阿布萨希德则拥有锦记钢铁16％股权，因此他在柏华嘉的权益合共接近70％。

据了解，拉维在前进控股的为期两年合约没有被更新。

随着拉维离任，其他两名董事也离开柏华嘉，即拿督萧文荣和白文辉。有消息灵通人士表示，这些董事与拉维在同一时间加入柏华嘉，因此他们的离开是该集团的局部转变。

因此阿布萨希德找了拿督翁诗同，取代拉维在柏华嘉和锦记钢铁的职位。

翁氏也是前进控股和前进高速公路私人有限公司董事。

翁氏在2011年10月28日加入前进控股董事局，目前他是数家业务涉及产业发展和基建项目公司的董事局成员。

若要评论翁氏对柏华嘉会否带来希望一事，这有待他上任后，胥视有关政绩而定。

总括来说，柏华嘉正遭受快速增长的损失，而其债券评级下调至垃圾级，它在3月26日已经拖欠赎回2亿8000万令吉的债券，以及没有支付980万令吉的利息。它当时表示，对于违约还款的原因，主要是钢铁业放缓加上钢材价格下降，因此无法产生现金流量去支付公用事业供应商，引致所经营的业务被迫暂时停止。”

不过，该集团经已采取一项积极行动，就是与上述公共事业供应商国家石油有限公司和国家能源有限公司（TENAGA，5347，贸易服务组）达成总值数百万令吉和解协议。该协议给予柏华嘉一线生机，即是将所拖欠的款项分5年摊还。

柏华嘉称：“在此之后，我们应该能够在未来一两个月内，恢复位于登嘉楼州甘马挽工厂的营运业务。”

据柏华嘉董事林炳良（译音）透露，集团业务一切照旧，并会继续寻求方法脱离财务困境。

他说，债务重组谈判一直进行中，自去年杪以来由企业债务重组委员会（CDRC）负责调解。

他补充：“对于柏华嘉的未来，这是至关重要的，因为我们已获得债权人的同意和协议。与债权人和解不涉及发售另一批债务，而是将旧债务重组，以确保集团在较长的还款期降低融资成本。”

柏华嘉的债务总额高达13亿1000万令吉。

与此同时，阿布萨希德证实，有关可能出售柏华嘉的谈判正在进行中。

他说：“我们正在与本地和外国团体洽谈。包括来自印度和中国的感兴趣商家，不过目前还没有定案。”

如果柏华嘉和锦记钢铁可以找到一个买家愿意购买它们的资产，这将标志着该钢铁制造商另一次拥有权的改变，但这要有待观察。【光华日报财经】

icy97

減記與注銷1.8億拖累‧柏華嘉3個月虧2.35億

2014-05-31 12:31      
（吉隆坡30日訊）由於作出總值1億8千萬令吉的庫存減記及資產注銷，柏華嘉（PERWAJA,5146,主板工業產品組）截至2014年3月31日止季度財報再傳出2億3千509萬3千令吉巨額虧損，令15個月累積虧損擴大至6億5千602萬4千令吉。

此外，缺乏天然氣和電力供應導致柏華嘉陷入“零生產”窘境，最新季度營業額只有537萬1千令吉，15個月累積營業額則報9億1千852萬令吉。

由於柏華嘉早前決定將財政年調整至6月30日，2013財政年因此長達18個月，從2013年1月1日至2014年6月30日止，導致柏華嘉業績無前期比較數據。

柏華嘉董事部透過文告表示，最新季度財報寫下偏低營業額和巨額虧損，主要因國家能源（TENAGA,5347,主板貿服組）和國家石油中斷電力和天然氣供應，導致公司處於零生產狀態。

另外，該公司在最新季度中作出9千萬令吉庫存減值，及另外9千萬令吉的資產註銷，亦對業績造成重大負面影響。

“去年11月，大馬股票交易所根據上市條例，將公司列為PN1和PN17陷困公司，需在12個月內上呈重組計劃；為此，公司目前正擬定重組計劃中。”

董事部亦坦言，由於集團正進行債務重組活動，以解決流動性問題，因此集團未來展望，很大程度取決於能否獲債權人批准重組規劃、與金融機構和大馬政府的洽談結果、以及重組計劃可否成功落實。

基於上述原因，董事部坦言未來展望充滿挑戰，惟未來18個月內可能落實的數項價值料達200億令吉的高速大道建築計劃，卻讓公司仍有希望。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 31/03/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		Three Mths	Three Mths	Fifthteen Mths	Twelve Mths
		01/01/2014	01/01/2013	01/01/2013	01/01/2012
		To 31/03/2014	To 31/03/2013	To 31/03/2014	To 31/12/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	5,371		918,520	1,863,727
2	Profit/(loss) before tax	-235,093		-536,024	-192,226
3	Profit/(loss) for the period	-235,093		-656,024	-232,250
4	Profit/(loss) attributable to ordinary equity holders of the parent	-235,093		-656,024	-232,250
5	Basic earnings/(loss) per share (Subunit)	-41.98		-117.15	-41.47
6	Proposed/Declared dividend per share (Subunit)	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 ($$)	-0.4600		0.7100

icy97

Perwaja钢铁限制庭令 获180天宽限期

财经新闻 财经  2014-08-01 11:34
（吉隆坡31日讯）柏华嘉控股（PERWAJA，5146，主板工业产品股）子公司限制所有审讯和债主起诉等事宜的庭令，获180天宽限期。

柏华嘉控股子公司Perwaja钢铁，获得高庭发出庭令展延180天。

不过，上述庭令不适用于国家能源（TENAGA，5347，主板贸服股）、兴业银行、大马渣打银行、国家石油、科威特金融机构、大马华侨银行和我国政府。【南洋网财经】

Type	Announcement
Subject	OTHERS
Description	PERWAJA HOLDINGS BERHAD (“PHB” OR THE “COMPANY”) ORDER UNDER SECTION 176(1) AND 176 (10) OF THE COMPANIES ACT, 1965
We refer to the announcements made on 30 October 2013 (“Announcement”) and 28 January 2014. Unless otherwise defined, the definitions set out in the Announcement shall apply herein. On behalf of the Board of PHB, M&A Securities Sdn Bhd wishes to announce that the Company’s wholly-owned subsidiary, PSSB has been granted an extension of the Order pursuant to Section 176(1) and 176(10) of the Act by the High Court for a period of one hundred and eighty (180) days effective from 25 July 2014 and expiring on 21 January 2015, save that the Order shall not be applicable against Tenaga Nasional Berhad, RHB Bank Berhad, Standard Chartered Bank Malaysia Berhad, Kuwait Finance House (Malaysia) Berhad, OCBC Bank (Malaysia) Berhad, Petroliam Nasional Berhad and Government of Malaysia. The Order is not expected to have any material impact on the financial and operational matters of the Company. This announcement is dated 30 July 2014.