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(Post 1 of 16) 03/28/2000.05:46:00 |
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PSL Holdings FY Loss S$3.4M Vs S$2.8M Net PSL Holdings Ltd. 1999 Net Profit S$3,405,000) vs S$2,817,000 Pretax Profit (3,269,000) vs 3,623,000 Revenue 20,787,000 vs 26,365,000 Per Share Net Profit (2.59 cents) vs 2.65 cents Dividend Omitted vs 0.4 cent |
| (Post 2 of 16) 04/09/2000.04:53:00 |
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PSL HOLDINGS LIMITED Your ref: RMR/IR/JS 7 April 2000 Singapore Exchange Limited 20 Cecil Street #26-01/08 The Exchange Singapore 049705 Attention: Ms June Sim Vice President Issuer Regulation Dear Sirs PSL HOLDINGS LIMITED - ("the Company") FULL YEAR RESULTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 1999 We refer to your letter dated 4 April 2000. Further to the announcement made on 27 March 2000, the Board of Directors of the Company wish to make the following clarifications in relation to the losses suffered by the Company and its subsidiaries (the "Group") for the financial year ended 31 December 1999 ("FY99"). The Group's performance was adversely affected by the weak construction industry in FY99. For the interim period ended 30 June 1999, the Group was able to register a marginal profit after tax of $213,000. The construction industry continued to deteriorate in the second half of FY99 and although the Group managed to secure more projects, the pricing for these projects was extremely competitive. The Group also encountered unexpected adverse ground conditions in certain projects and incurred cost overruns. These factors contributed to the deteriorating performance for the second half of FY99. The extent of the losses were crystallised in February 2000 when the accounts for FY99 were closed. The Directors decided to await the completion of the audit before making the announcement. In the finalisation of the FY99 accounts, the Directors decided to make additional provisions of $1,018,000 for foreseeable losses, doubtful debts and liquidated damages on the grounds of prudence. These provisions further contributed to the $3.269 million loss before tax suffered by the Group. Yours faithfully Lee Cheng Peck Director Submitted by Lee Cheng Peck, Director on 07/04/2000 to the SES |
| (Post 3 of 16) 05/11/2000.03:31:00 |
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ACQUISITION OF ASSOCIATED COMPANY The Directors of PSL Holdings Limited ("the Company") wish to announce that the Company had acquired 25% of the issued and paid-up capital, comprising 1,575,000 ordinary shares of $1.00 each fully paid in Flecon Multi System Pte Ltd at a purchase consideration of $127,282. Flecon Multi System Pte Ltd is a private limited company incorporated in Singapore on 14 July 1984 with an authorised capital of $10,000,000 and an issued and paid-up capital of $6,300,000. Flecon Multi System Pte Ltd is a system-based technology company specialising in hotel guest room control management systems. This acquisition is in line with the Company's strategy to expand into new business and is funded by internal source. The transaction is not expected to have any material effect on the consolidated earnings per share and net tangible asset value of the Company for the current financial year. None of the Directors or substantial shareholders of the Company have any interest, direct or indirect, in the above transaction. By Order of the Board Submitted by Lee Cheng Peck, Director on 10/05/2000 to the SES |
| (Post 4 of 16) 05/26/2000.03:52:00 |
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ACQUISITION OF ASSOCIATED COMPANY - CORRIGENDUM The Directors refer to the announcement relating to the acquisition of associated company, Flecon Multi System Pte Ltd ("FMS"), made on 10 May 2000. It was stated in the announcement that "None of the Directors or substantial shareholders of the Company have any interest, direct or indirect in the above transaction." The Directors would like to clarify that Mr. Peter Moe, a Director of the Company, is an interested party in the transaction. Mr Moe became an interested party upon the completion of the transaction when he acquired 941,000 (15%) ordinary shares in FMS. Save for Mr. Moe, none of the other Directors or substantial shareholders of the Company has any interest, direct or indirect, in the transaction. By order of the Board Submitted by Lee Cheng Peck, Director on 25/05/2000 to the SES |
| (Post 5 of 16) 08/16/2000.01:00:00 |
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ACQUISITION OF ASSOCIATED COMPANY The Directors of PSL Holdings Limited ("The Company") are pleased to announce that the Company had acquired 25% of the issued and paid-up capital, comprising 125,000 ordinary shares of $1.00 each fully paid in Latrade Pte Ltd ("Latrade") at a purchase consideration of $125,000. This purchase is entirely funded by internal sources. Latrade, a private limited company incorporated in the Republic of Singapore on 1st April 1998, has an authorised capital and issued and paid-up capital of $500,000. The principal activity of Latrade is that of investment holding. Latrade currently holds 40% equity-stake in PT Latrade Batam ("PT Latrade"), a company established in Batam, Indonesia whose principal activities include property development and land acquisition. Under an agreement by the Directors/Shareholders of Latrade and PT Latrade, Latrade will further acquire the equity of PT Latrade so that ultimately it will hold 99% equity-stake in PT Latrade. This investment represents part of the Company's strategy to expand and diversify into new businesses in the region. We do not expect the above investment to have any material effects on the consolidated earnings per share and net tangible asset value of the Company for the current financial year ending 31 December 2000. None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the above transaction. BY ORDER OF THE BOARD Lee Cheng Peck Director Submitted by Lee Cheng Peck , Director on 15/08/2000 to the SGX |
| (Post 6 of 16) 08/18/2000.01:58:00 |
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PSL Holdings unit purchases 2.3 mln sgd property SINGAPORE (AFX-ASIA) - PSL Holdings Ltd said its unit Antar Cranes Services Pte Ltd bought a piece of land located along Senoko Drive for 2.3 mln sgd. The property will host the main crane operations of Antar, it said. The acquisition will be financed by bank borrowings and internal funds, it said. PSL Holdings closed unchanged at 0.17 sgd on volume of 25,000 shares. |
| (Post 7 of 16) 09/28/2000.03:33:02 |
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PSL Hldgs 1H Loss S$3.4M Vs Net S$43,000
PSL Holdings Ltd. - Six Months to June 30: - 2000 vs 1999 Net Profit - (S$3,397,000) vs S$43,000 Pretax Profit - (3,271,000) vs 114,000 Revenue - 11,985,000 vs 8,918,000 Per Share Net Profit - (2.47 cents) vs (0.03 cents) Dividend - omitted vs omitted |
| (Post 8 of 16) 10/10/2000.22:41:18 |
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ACQUISITION OF SHARES IN ASSOCIATED COMPANY
Further to our announcement on the acquisition of 25% equity stake in Latrade Pte Ltd ("Latrade") made on 15 August 2000, the Directors of PSL Holdings Limited ("the Company") wish to announce that Latrade had increased its authorized, issued and paid-up capital (ordinary shares of S$1.00 each) from S$500,000 to S$1,000,000 for working capital purpose. The Company participated in this new issue of shares by Latrade by subscribing for, and was accordingly allotted, 125,000 ordinary shares, thus maintaining its equity stake at 25%. This investment of S$125,000 is funded entirely by internal sources of the Company. We do not expect the above investment to have any material effect on the consolidated earnings per share and net tangible asset value of the Company for the current financial year ending 31 December 2000. None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the above transaction. By Order of the Board Lee Cheng Peck Director Submitted by Lee Cheng Peck, Director on 10/10/2000 to the SGX |
| (Post 9 of 16) 04/12/2001.22:12:05 |
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FURTHER INVESTMENT IN ROTARY - PSL GEOTECHNICS SDN BHD (80% SUBSIDIARY)
The Board of Directors of PSL HOLDINGS LIMITED ("the Company") wishes to announce that the Company had subscribed for and was allotted with 320,000 ordinary shares of RM1.00 each in the capital of Rotary-PSL Geotechnics Sdn Bhd, a subsidiary of the Company in Malaysia. After the allotment, the Company's shareholdings in Rotary-PSL Geotechnics Sdn Bhd remains at 80%. Submitted by Lee Cheng Peck, Managing Director on 12/04/2001 |
| (Post 10 of 16) 08/01/2001.17:22:06 |
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FURTHER INVESTMENT AND DILUTION OF INTEREST IN ANTAR CRANES SERVICES PTE LTD (WHOLLY OWNED SUBSIDIARY)
The Board of Directors of PSL HOLDINGS LIMITED ("the Company") wishes to announce that on 1 August 2001, the Company's wholly own subsidiary, Antar Cranes Services Pte Ltd ("ACS") has increased its issued and paid up capital from S$200,002 to S$300,000 by way of an additional 99,998 ordinary shares of S$1.00 each at par. The additional 99,998 ordinary shares were allotted and issued in the following manner:
After the allotment, the Company's shareholdings in ACS was diluted to 80% resulting in ACS ceasing to be a wholly owned subsidiary. The principal activities of ACS are the buying, selling and letting on hire of cranes and other construction equipment. This transaction is not expected to have any material impact on the consolidated earnings per share and consolidated net tangible asset value of the Company for the current financial year ending 31 December 2001. Submitted by Lee Cheng Peck, Managing Director on 01/08/2001 |
| (Post 11 of 16) 02/19/2002.17:53:05 |
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PSL HOLDINGS LIMITED
INCREASE OF ISSUED AND PAID-UP CAPITAL-LATRADE (S) PTE LTD The Board of Directors of PSL HOLDINGS LIMITED ("the Company") wishes to announce that the Company has increased its shareholding from 250,000 ordinary shares to 750,000 ordinary shares in its 25% owned associated Company, Latrade (S) Pte Ltd. ("Latrade") Latrade's authorised capital has been increased from S$1 million to S$10 million by the creation of an additional 9 million ordinary shares of $1.00 each. Its issued and paid up share capital was also increased from S$1 million to S$3 million following the issue of 2 million new ordinary shares of $1.00 each fully paid, at par to its existing shareholders in proportion to their shareholdings. The shares were paid for partially in cash and partially by offsetting an amount due from Latrade to the Company. This transaction is not expected to have any material impact on the consolidated earnings per share and consolidated net asset value of the Company for the current financial year. By Order of the Board PSL HOLDINGS LIMITED Submitted by Lee Cheng Peck, Managing Director on 19/02/2002 to the SGX |
| (Post 12 of 16) 05/04/2002.17:56:30 |
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PSL HOLDINGS LIMITED
ACQUISITION OF COMPANY BY A SUBSIDIARY The Board of Directors of PSL HOLDINGS LIMITED ("the Company") wishes to announce that its wholly owned subsidiary, Resource Hardware & Trading Pte Ltd, ("Resource") has acquired 51,000 ordinary shares (representing 51% equity interest) of S$1.00 each in the capital of Sintec System Pte Ltd ("Sintec"), for a total cash consideration of S$51,000. That Sintec, with an issued and paid-up capital of S$100,000 at par value of S$1.00 each was incorporated in Singapore on 9 January 2002. The principal activities are that of importer and exporter, dealer in building and construction materials. The acquisition is in line with the Company's strategy to expand into new businesses and is funded by internal sources. The above acquisition is not expected to have any material effect on the consolidated earnings per share and net tangible asset value of the Company for the current financial year ending 31 December 2002. None of the Directors or substantial shareholders of the Company and Resource has any interest, direct or indirect, in the above transaction. By Order of the Board PSL HOLDINGS LIMITED Submitted by Susie Low, Company Secretary on 03/05/2002 to the SGX |
| (Post 13 of 16) 05/07/2002.21:27:42 |
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PSL HOLDINGS LIMITED
Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of PSL HOLDINGS LIMITED ("the Company") will be held at 58 Sungei Kadut Drive, Singapore 729572 on Friday, 24 May 2002 at 10.00 a.m. for the following purposes: AS ORDINARY BUSINESS 1. To receive and adopt the Directors' Report and Audited Accounts of the Company for the year ended 31 December 2001 together with the Auditors' Report thereon. (Resolution 1) 2. To re-elect Mr Lee Joo Hai, the Director retiring pursuant to Article 89 of the Company's Articles of Association. (Resolution 2) Mr Lee Joo Hai will, upon re-election as a Director of the Company, remain as Chairman of the Audit Committee and will be considered independent for the purposes of Clause 902(4)(a) of Listing Manual of The Singapore Exchange Securities Trading Limited. 3. To approve the payment of Directors' fees of S$30,000 for the year ended 31 December 2001 (2000: S$30,000). (Resolution 3) 4. To re-appoint Messrs Ernst & Young as the Company's Auditors and to authorise the Director to fix their remuneration. (Resolution 4) 5. To transact any other ordinary business which may properly be transacted at an Annual General Meeting. AS SPECIAL BUSINESS To consider and if thought fit, to pass the following resolutions as Ordinary Resolutions, with or without any modifications: 6. Authority to allot and issue shares up to 10 per centum (10%) of issued capital That pursuant to Section 161 of the Companies Act, Cap. 50 , the Directors be empowered to allot and issue shares in the capital of the Company at any time and upon such terms and conditions and for such purposes as the Directors may, in their absolute discretion, deem fit provided that the aggregate number of shares to be allotted and issued pursuant to this Resolution shall not exceed Ten per centum (10%) of the issued share capital of the Company for the time being and that such authority shall, unless revoked or varied by the Company in general meeting, continue in force until the conclusion of the Company's next Annual General Meeting. [See Explanatory Note] (Resolution 5) By Order of the Board Yvonne Choo Susie Low Joint Secretaries Singapore, 7 May 2002 Explanatory Note: The Ordinary Resolution 5 proposed in item 6 above, if passed, will empower the Directors from the date of the above Meeting until the date of the next Annual General Meeting, to allot and issue shares in the Company. The number of shares which the Directors may allot and issue under this Resolution would not exceed ten per centum (10%) of the issued share capital of the Company for the time being. Notes: 1. A Member entitled to attend and vote at the Annual General Meeting (the "Meeting") is entitled to appoint a proxy to attend and vote instead of him/her/it. A proxy need not be a Member of the Company. 2. If the appointor is a corporation, the instrument appointing a proxy must be executed under seal or the hand of its duly authorised officer or attorney. 3. The instrument appointing a proxy or proxies must be deposited at the Registrar Office at 10 Collyer Quay, #19-08 Ocean Building, Singapore 049315 at least 48 hours before the time appointed for the Annual General Meeting. Submitted by Susie Low, Company Secretary on 07/05/2002 to the SGX |
| (Post 14 of 16) 05/24/2002.17:49:04 |
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PSL HOLDINGS LIMITED
ANNUAL GENERAL MEETING The Directors of PSL HOLDINGS LIMITED ("the Company") are pleased to annouce that at the Annual General Meeting of the Company held on 24 May 2002, all resolutions relating to matters set out in the Notice of the meeting were duly passed. By Order of the Board PSL HOLDINGS LIMITED Submitted by Susie Low, Company Secretary on 24/05/2002 to the SGX |
| (Post 15 of 16) 06/06/2002.09:14:33 |
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PSL HOLDINGS LIMITED LATRADE PTE LTD, A 25% ASSOCIATE OF PSL HOLDINGS LIMITED HAS ENTERED INTO A MEMORANDUM OF UNDERSTANDING WITH BATAM INDUSTRIAL DEVELOPMENT AUTHORITY The Board of Director of PSL Holdings Limited ("the Company") wishes to announce that Latrade Pte Ltd, a 25% associate of the Company, has entered into a Memorandum of Understanding ("MOU") with Batam Industrial Development Authority ("Bida") to jointly conduct a feasibility studies for mutual cooperation in the development, marketing and promotion of Batam Island. The MOU expresses the desires of both parties to evaluate the possiblity of entering into a joint venture agreement and forming a joint venture company in the future. Save for the confidentiality clause, the MOU is not considered a binding agreement between the two parties and shall be valid for a period of six (6) months from the date of the execution of the MOU. The validity of the MOU may be extended with the mutual consent of the parties. Submitted by Susie Low, Company Secretary , on 05/06/02 to the SGX |
| (Post 16 of 16) 09/27/2002.09:30:53 |
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PSL HOLDINGS LIMITED
Half Year Financial Statement And Dividend Announcement Pls view financial here. |
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