[ Archive Home ]
Tri-M| [ Archive Home ] |
| Tri-M |
| Pages: 1 of 1 |
(Post 1 of 40) 03/29/2000.23:23:00 |
| Author : |
It is near its cash backing of S$0.66 per shares with business not difference from CEI & JTIC. A tiny traded share need patience to win. |
| (Post 2 of 40) 09/04/2000.23:54:00 |
| Author : |
Notice Of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 25 Kallang Avenue #07-04 Kallang Basin Industrial Estate Singapore 339416 on 27 September 2000 at 10.30 a.m. (or immediately after the conclusion of the Annual General Meeting of the Company convened at 10.00 a.m. on the same day and at the same place) for the purpose of considering and, if thought fit, passing, Resolution 1 which will be proposed as a Special Resolution and Resolution 2 which will be proposed as an Ordinary Resolution:- Resolution 1 SPECIAL RESOLUTION 1. Adoption of the new Articles of Association That the regulations contained in the new Articles of Association submitted to the Meeting and, for the purpose of identification, subscribed to by the Chairman thereof, be approved and adopted as the Articles of Association of the Company in substitution for, and to the exclusion of, the existing Articles of Association of the Company. Resolution 2 ORDINARY RESOLUTION 2. Share Issue Mandate That subject to and contingent upon the passing of Resolution 1 as a Special Resolution, pursuant to Section 161 of the Companies Act (Cap. 50) and the listing rules of Singapore Exchange Securities Trading Limited, authority be and is hereby given to the Directors of the Company to issue shares in the Company (whether by way of rights, bonus or otherwise) at any time and upon such terms and conditions and for such purposes and to such persons as the Directors may in their absolute discretion deem fit provided that the aggregate number of shares to be issued pursuant to this Resolution does not exceed 50 per cent. of the issued share capital of the Company for the time being, of which the aggregate number of shares to be issued other than on a pro-rata basis to shareholders of the Company does not exceed 20 per cent. of the issued share capital of the Company for the time being, and, unless revoked or varied by the Company in general meeting, such authority shall continue in force until the conclusion of the next Annual General Meeting of the Company or the date by which the next Annual General Meeting of the Company is required by law to be held, whichever is the earlier. BY ORDER OF THE BOARD Wan Tiew Leng, Lynn Company Secretary Singapore Date: 4 September 2000 Notes:- 1. A Member of the Company entitled to attend and vote at the above Meeting may appoint a proxy (or in the case of a corporation, to appoint its authorised representative or proxy) to attend and vote on his behalf. Such proxy need not be a member of the Company. 2. The instrument appointing a proxy, duly stamped, must be deposited at the Company's registered office at 25 Kallang Avenue #07-01/06 Kallang Basin Industrial Estate, Singapore 339416 not less than 48 hours before the time for holding the Meeting. Submitted by Gerald Maxmillian Minjoot, Managing Director on 04/09/2000 to the SGX |
| (Post 3 of 40) 09/21/2000.02:12:19 |
| Author : |
ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED MARCH 31, 2000 ("THE ANNUAL REPORT") 1. The Directors of Tri-M Technologies (S) Limited (the "Company") wish to announce the Auditors' Report together with the note 1 to the Financial Statements for the year ended March 31, 2000 as contained in the said Annual Reports which were sent to shareholders on September 12, 2000 as follows:- AUDITORS' REPORT To The Members of Tri-M Technologies (S) Limited We have audited the accompanying balance sheets of Tri-M Technologies (S) Limited and of the Group as at March 31, 2000, and the profit and loss statements and consolidated cash flow statement for the year then ended. These financial statements are the responsibility of the Company's directors. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Singapore Standards on Auditing. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the directors, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion Without qualifying our opinion, we draw attention to Note 1 in the financial statements concerning: a) the severe economic difficulties affecting the Asia-Pacific region, including Malaysia, where a subsidiary operates; and b) the Company and the Group face liquidity requirements as bank loans amounting to $391,000 and $655,000 respectively, are due within the next twelve months from the balance sheet date and other facilities in the amount of approximately $2,332,000 that have been drawndown subsequent to year end. The Group is currently in the process of negotiating with its bankers to restructure its banking facilities and to date, the directors are not aware of any facts to indicate that the continued support of the bankers would not be forthcoming. The accompanying financial statements and consolidated financial statements have been prepared on the basis that the Company and the Group will continue as a going concern and do not include adjustments that might result from the outcome of this uncertainty. In our opinion: a) the accompanying financial statements and consolidated financial statements are properly drawn up in accordance with the provisions of the Singapore Companies Act and Singapore Statements of Accounting Standard and so as to give a true and fair view of: i) the state of affairs of the Company and of the Group as at March 31, 2000 and of the results of the Company and of the Group and cash flows of the Group for the financial year then ended; and ii) the other matters required by section 201 of the Act to be dealt with in the financial statements and consolidated financial statements; b) the accounting and other records and the registers required by the Act to be kept by the Company have been properly kept in accordance with the provisions of the Act. We have considered the financial statements and auditors' reports of all the subsidiaries of which we have not acted as auditors, being financial statements included in the consolidated financial statements. The names of these subsidiaries are indicated in Note 7 to the financial statements. We are satisfied that the financial statements of the subsidiaries that are consolidated with the financial statements of the Company are in form and content appropriate and proper for the purposes of the preparation of the consolidated financial statements and we have received satisfactory information and explanations as required by us for those purposes. The auditors' reports on the financial statements of the subsidiaries were not subject to any qualification. NOTES TO FINANCIAL STATEMENTS March 31, 2000 1 GENERAL The Company is incorporated in the Republic of Singapore. The financial statements are expressed in Singapore dollars. The principal activity of the Company and its subsidiaries is the assembly of printed circuit boards and related accessories. The Asia-Pacific region, including Malaysia, where a subsidiary is located, is experiencing severe economic difficulties relating to currency devaluations, volatile stock markets and slow down in growth. The ability of the subsidiary to maintain operations and pay its debts as they mature may be dependent to a large extent on the effectiveness of the fiscal measures and other actions, beyond the subsidiary's control, undertaken to achieve economic recovery. The financial statements do not include any adjustments that might result from these uncertainties. During the financial year, the Group incurred a net loss attributable to shareholders of $21,715,000. The Company and the Group also face liquidity requirements as bank borrowings amounting to $391,000 and $655,000 respectively, are due within the next twelve months from the balance sheet date and other facilities in the amount of approximately $2,332,000 that have been drawndown subsequent to year end The directors of the Company are currently in negotiation with the Group's bankers for the restructuring of all the outstanding bank loans. In addition, given the liquidity constraints faced by the Company and Group, further financing would be required for working capital purpose. The directors are hopeful of a successful conclusion of the negotiation with the Group's bankers on its restructuring plans and the availability of additional financing. In view of the above, the financial statements of the Group and the Company have been prepared on the basis that they will continue to operate normally for the next twelve months. The ability of the Company and the Group to continue as a going concern is dependent upon the successful implementation of the restructuring plans, the future profitability of operations and the availability of additional financing. If the Company and the Group were not a going concern, non-current assets and non-current liabilities will be reclassified as current. The directors are not aware of any facts to indicate that the continued support of the Group's bankers will not be forthcoming. Whilst the directors are presently uncertain as to the final outcome of the negotiations with the Group's bankers, they believe that it is appropriate with the available information for the financial statements to be prepared on a going concern basis. 2. UPDATE ON NEGOTIATION WITH THE BANKERS OF THE COMPANY The Directors will update the shareholders via MASNET announcement at the end of September on the progress of the above negotiation with the Company's bankers and thereafter, at the end of each month. Submitted by Gerald Maxmillian Minjoot, Managing Director on 20/09/2000 to the SGX |
| (Post 4 of 40) 09/30/2000.03:35:38 |
| Author : |
UPDATE ON NEGOTIATION WITH THE BANKERS OF THE COMPANY AND ITS SUBSIDIARIES ("THE GROUP")
The Directors of the Company wish to announce that the Group's Bankers have requested for additional information of the Company's projections and cash flow. This has been forwarded to them. They are currently evaluating the information and should revert with their views shortly. Submitted by Gerald Maxmillian Minjoot, Managing Director on 29/09/2000 to the SGX |
| (Post 5 of 40) 11/01/2000.02:08:42 |
| Author : |
UPDATE ON NEGOTIATION WITH THE BANKERS OF THE COMPANY AND ITS SUBSIDIARIES ("THE GROUP")
On 29 September 2000, the Directors of the Company announced that the Group's Bankers requested for additional information of the Company's projections and cash flow. These had been forwarded to them. However, to date, they have yet to revert to us with their views. Submitted by Gerald Maxmillian Minjoot, Managing Director on 31/10/2000 to the SGX |
| (Post 6 of 40) 11/30/2000.23:18:00 |
| Author : |
UPDATE ON NEGOTIATION WITH THE BANKERS OF THE COMPANY AND ITS SUBSIDIARIES ("THE GROUP")
The Board of Directors of the Company would like to announce that negotiations are still on going with the Group's Bankers on the restructuring of the banking facilities granted by them to the Company. As at today, there are no further developments as yet. Submitted by Gerald Maxmillian Minjoot, Managing Director on 30/11/2000 |
| (Post 7 of 40) 01/01/2001.02:34:52 |
| Author : |
Tri-M Tech 1H Losses S$11.7M Vs S$2.3M
Source : Dow Jones 29/12/2000 19:09 Tri-M Technologies Ltd. - Singapore Six Months to Sept. 30: 2000 1999 Revenue S$24,804,000 S$11,373,000 Pretax Profit (S$11,668,000) (S$2,326,000) Net Profit (S$11,668,000) (S$2,326,000) Per Share Net Profit (38.89 cents) (7.75 cents) Figures in parentheses are losses. |
| (Post 8 of 40) 02/05/2001.11:01:11 |
| Author : |
Any good new for this stock? Please advise |
| (Post 9 of 40) 02/28/2001.23:02:00 |
| Author : |
UPDATE
The Board of Directors is finalising a proposal to refinance the Company by carrying out a capital reduction exercise followed by a rights issue. It is in the process of appointing a merchant bank to prepare a proposal for the authorities' and shareholders' approval. Submitted by Gerald Maxmillian Minjoot, Managing Director on 28/02/2001 |
| (Post 10 of 40) 04/30/2001.18:33:47 |
| Author : |
MONTHLY UPDATE
The Board of Directors is reviewing various alternatives of recapitalising the Company. Meanwhile, the two major shareholders have extended S$5.2 million to finance the working capital requirements of the Company. Submitted by Gerald Maxmillian Minjoot, Managing Director on 30/04/2001 |
| (Post 11 of 40) 05/30/2001.19:49:31 |
| Author : |
CHANGES IN MANAGEMENT
The Board of Directors of Tri-M Technologies (S) Limited wishes to announce the retirement of Gerald Maxmillian Minjoot as Managing Director of the Company with effect from 31st May 2001. He will remain as a Director and Chairman of the Board. Mr Minjoot is the founder and prime mover of the Company. The Board wishes to record his contribution over the years to the Company. It is happy to note that he has agreed to remain as Chairman of the Board. Mr Kenneth M K Chew will assume executive responsibilities. Mr Gan Huan Kee who has been recently recruited will be appointed Chief Operating Officer. Mr Gan has more than 8 years' experience in contract manufacturing industry. He holds a degree in Electrical/Electronics Engineering and has held several senior management positions in multi-national companies in Singapore. He will be supported by two Senior Vice Presidents, Messrs James Khong Soo Har and Chan Tien Seng and a team of senior personnel to enhance the engineering capabilities of the Company in Research & Development, Design, Materials, Testings, Marketing, Purchasing, Manufacturing Technology and Operations. Submitted by Sabrina Ruskin, Joint Secretary on 30/05/2001 |
| (Post 12 of 40) 06/13/2001.21:13:21 |
| Author : |
ANNOUNCEMENT
1. Tri-M Technologies (S) Limited ("The Company") has been advised by its four employees Messrs Gan Huan Kee, Chan Tien Seng, Khong Soo Har and Wong Kwok Ping that they have been served with an interim injunction order by their former employers as reported in the Straits Times issue of 13 June 2001. 2. The Company hereby notifies that these four employees are currently employed to manage the Group's current and on-going businesses which are outside and hence not affected by the ambit of the interim injunction. Further, the employment status of the four employees are not affected in any way and the Order of Court does not preclude the Company from employing them. Notwithstanding this, the Company reserves all its rights and remedies for any damage that it may suffer as a result of the subject legal proceedings. 3. The Company has been advised that the four employees have engaged a reputable firm of solicitors to take all steps to set aside the interim injunction order on the ground that it is without legal basis. Submitted by Sabrina Ruskin, Joint Secretary on 13/06/2001 |
| (Post 13 of 40) 06/29/2001.17:57:55 |
| Author : |
MONTHLY UPDATE
The Board of Directors wishes to announce that there has been no further development since the last announcement made on 15 June 2001 whereat paragraph 8 of the Group's Full Year Results for the year ended 31 March 2001 was stated as follows:- "The Company also expects to announce shortly its plan to restructure its Balance Sheet by implementing a Capital Reduction Scheme and capitalising of the loans from its two substantial shareholders." Submitted by Kenneth Chew Mei Kwang, Deputy Chairman on 29/06/2001 |
| (Post 14 of 40) 06/29/2001.17:58:25 |
| Author : |
SGX QUERY
Further to the announcement of the Group's Full Year Results for the year ended 31 March 2001, on 15 June 2001, the Directors wish to add to second paragraph of item 7(a) 'Review of the performance of the Company and its principal subsidiaries' as follows:- "The Group's operating profit of S$2.16 million before tax and exceptional items was eroded by increased interest costs, depreciation and foreign exchange losses. The exchange losses were mainly incurred by the Company's subsidiary in Philippines." Submitted by Kenneth Chew Mei Kwang, Deputy Chairman on 29/06/2001 |
| (Post 15 of 40) 07/06/2001.18:18:10 |
| Author : |
PRESS RELEASE
"TRI-M TECHNOLOGIES (S) LTD has been advised that the ex-parte injunction order of 12 June 2001 made against its four senior employees, Messrs Gan Huan Kee, Chan Tien Seng, Khong Soo Har and Wong Kwok Ping, has been set aside by the learned Judicial Commissioner, Mr Tay Yong Kwang, after a hearing in the High Court yesterday. The Plantiffs, Flairis Technology Corporation Ltd and Flairis Advanced Manufacturing Pte Ltd, were also ordered to pay the costs of the hearing to these four employees." Submitted by Kenneth Chew Mei Kwang, Deputy Chairman on 06/07/2001 |
| (Post 16 of 40) 07/13/2001.17:51:18 |
| Author : |
ANNOUNCEMENT
Further to the announcement on 15 June 2001, the Directors of the Company wish to provide additional information for clarity:- "Notwithstanding that Group Turnover excluding Newer Technology, Inc ("NTI") has remained stable, Group operating profit excluding NTI declined from S$1.55 million in the first half to S$0.6 million in the second half of the year. The Group profitability decline was due to the write-off of preliminary expenses incurred by its subsidiary in Philippines, retrenchment expenses and investment in club memberships written down to their net realisable values. The Group operating profit before the aforesaid expenses in the second half of the year is S$1.58 million compared with S$1.55 million in the first half of the year, an indication that save for the aforesaid expenses, Group profit margin has remained constant for the financial year. In the second half of the year, the write back of the exceptional item referred to the write back of a provision for open orders for components of S$2.239 million. This was mainly in respect of a settlement with a supplier allowing the Company to cancel Purchase Orders for NTI parts which were no longer required." Submitted by Sabrina Ruskin, Joint Secretary on 13/07/2001 |
| (Post 17 of 40) 08/07/2001.20:57:12 |
| Author : |
ANNOUNCEMENT
Further to the Company's announcement on 29 June 2001, the Board wishes to inform shareholders that the Company has submitted a draft Circular to the Singapore Exchange Securities Trading Limited for approval, in relation to:- (1) the proposed capital reduction exercise to reduce the par value of each ordinary share in the share capital of the Company from $0.80 to $0.30 (the "Capital Reduction"); and (2) the proposed capitalisation (the "Loan Capitalisation") of existing loans from two substantial shareholders of an aggregate principal amount and accrued interest thereon of $6,828,909.93 as at 20 July 2001, to be effected by the allotment and issue to the two substantial shareholders, namely Surreyville Pte Ltd and Greendale Investments Pte Ltd, of 18,188,751 and 4,574,282 new ordinary shares of $0.30 each (the "New Shares") respectively (after the Capital Reduction) in the share capital of the Company. The Capital Reduction will be undertaken pursuant to Section 73 of the Companies Act (Cap. 50), whereby the Company's authorised capital will be reduced from $50,000,000 divided into 62,500,000 shares of $0.80 each to $18,750,000 divided into 62,500,000 ordinary shares of $0.30 each and the issued and paid-up share capital of $24,000,000 divided into 30,000,000 shares of $0.80 each will be reduced to $9,000,000 divided into 30,000,000 shares of $0.30 each. The Capital Reduction will be effected by: (a) cancelling the paid-up share capital which has been lost or is unrepresented by available assets; (b) cancelling the share premium account; (c) reducing the par value of all shares, both issued and unissued, from $0.80 to $0.30; and (d) forthwith upon the Capital Reduction taking effect, the authorised share capital of the Company shall be increased to its former capital of $50,000,000 by the creation of an additional 104,166,667 Shares of $0.30 each. The Capital Reduction is subject to shareholders' approval and confirmation of the High Court of the Republic of Singapore. The losses principally represent the amount written off in respect of the Company's investment in Newer Technology Inc. in the United States of America of $9.3 million and an operational loss amounting to $19.2 million. The cancellation of a substantial part of the capital of the Company no longer represented by available assets would rationalise the Company's balance sheet such that the par value of the shares of the Company will reflect more accurately the financial position of the Company. The Loan Capitalisation will be effected by the allotment and issue of New Shares to the two substantial shareholders, Surreyville Pte Ltd and Greendale Investments Pte Ltd. The New Shares represent approximately 75.88% of the Company's issued share capital after the Capital Reduction or approximately 43.14% of its enlarged issued share capital upon the completion of the Capital Reduction and the Loan Capitalisation. The New Shares will increase the interests of Surreyville Pte Ltd and Greendale Investments Pte Ltd from 60.25% and 14.88% to 68.73% and 17.13% respectively. The Loan Capitalisation will reduce the interest burden of the Company and its subsidiaries by at least $330,000 per annum. Surreyville Pte Ltd and Greendale Investments Pte Ltd are investment holding companies. Surreyville Pte Ltd is wholly owned by Woodsville International Limited ("Woodsville"), a company incorporated in the British Virgin Islands. Mr Kenneth Chew Mei Kwang holds 40% and Dr Tiong Ik King holds 30% of the shareholding in Woodsville. Mr Gerald Maxmillian Minjoot holds 67.55% and Mr Lim Ping Eng holds the remaining 32.45% of the shareholding in Greendale Investments Pte Ltd. Accordingly, Messrs Kenneth Chew Mei Kwang, Dr Tiong Ik King, Gerald Maxmillian Minjoot and Lim Ping Eng are deemed to be interested in the Loan Capitalisation and will abstain from voting on the resolution relating to the Loan Capitalisation at an Extraordinary General Meeting to be advised at a later date. Pursuant to the provisions of Chapter 9A of the Listing Manual, the Loan Capitalisation will require the approval of shareholders of the Company as it is of a value that exceeds 5% of the latest audited net tangible assets of the Company. Submitted by Sabrina Ruskin, Joint Secretary on 07/08/2001 |
| (Post 18 of 40) 09/27/2001.21:48:39 |
| Author : |
ANNOUNCEMENT
The Company has issued and despatched to Shareholders a Circular dated 6 September 2001 (the "Circular") in relation to, inter alia, the proposed capital reduction of the Company. In the Circular, it was stated that the amount of losses to be cancelled from the share premium account is $17,054,000. An amendment will be proposed at the extraordinary general meeting to amend the figure from $17,054,000 to $16,891,000. The amendment is necessary because the accumulated losses of $32,134,000 as stated in the Circular was the Group's accumulated losses as at 31 March 2001. The amount of accumulated losses to be used for the proposed capital reduction exercise should be based on the Company's accumulated losses and not the Group's accumulated losses. As at 31 March 2001, the Company's accumulated losses amounted to $31,891,000. The difference in the Company's accumulated losses as compared to the Group's accumulated losses is minimal, which amounted to $243,000. In view of the above, the Company will need to cancel $16,891,000 instead of $17,054,000 from the share premium account which has been lost or is unrepresented by available assets. Attached to this Announcement are supplemental pages 1 and 2 which set out the financial effects of the capital reduction based on the cancellation of accumulated losses of $31,891,000. Copies of these supplemental pages will be distributed to shareholders present at the extraordinary general meeting. The Company believes that the above amendment will not have any material impact on shareholders' decision to vote on the resolution relating to the capital reduction at the extraordinary general meeting. Supplemental page 1 Financial effects of the Capital Reduction Based on the audited financial statements of the Company as at 31 March 2001, the financial effects of the Capital Reduction will be as follows:- (a) Share Capital
(b) Shareholders' Equity
Supplemental page 2
Notes:- (1) The expression "gearing" means the ratio of net borrowings to shareholders' funds. The expression "net borrowings" means the amount of liabilities arising from borrowings from banks and financial institutions, net of cash and deposits held by the Tri-M Group. The expression "shareholders' funds" means the amount represented by the aggregate of the issued and paid-up capital and reserves. (2) Loss per share is calculated by dividing the Tri-M Group's loss after taxation, minority interests and extraordinary items for the relevant periods of either one year or six months by the weighted number of shares in issue during the relevant period (where applicable). (3) Based on the principal sum of loan of $5,160,000 as at 31 March 2001. (4) Based on the Loan of $6,828,909.93 comprising a principal sum of $6,600,000 in aggregate and accumulated interest of $228,909.93 in aggregate. Submitted by Sabrina Ruskin, Joint Secretary on 27/09/2001 |
| (Post 19 of 40) 10/23/2001.09:32:12 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
CAPITAL REDUCTION CONFIRMED BY THE HIGH COURT OF SINGAPORE Capital reduction exercise to reduce the par value of each ordinary share in the capital of Tri-M Technologies (S) Limited from $0.80 to $0.30 At an Extraordinary General Meeting of Tri-M Technologies (S) Limited (the "Company") held on 28 September 2001, the shareholders of the Company (the "Shareholders") approved, inter alia, the reduction in the par value of each ordinary share in the capital of the Company ("Shares") from $0.80 to $0.30 (the "Capital Reduction"). The High Court of the Republic of Singapore (the "Court") has on 19 October 2001 confirmed the Capital Reduction. The Board of Directors of the Company wishes to announce that the Company proposes to lodge the Order of Court with the Registrar of Companies on 01 November 2001 (the "Effective Date"). The Shares will have a par value of $0.30 each (the "New Shares") on and from the Effective Date. The listing of and quotation for the New Shares on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST"), in place of the same number of the original Shares with a par value of $0.30 each, will commence with effect from 9.00 a.m. on 02 November 2001. Deposit of Share Certificates with The Central Depository (Pte) Limited ("CDP") Shareholders who hold physical share certificates for the Shares in their own names ("Old Share Certificates") and who wish to deposit the same with CDP and have their New Shares credited to their Securities Accounts must deposit their Old Share Certificates, together with the duly executed instruments of transfer in favour of CDP, no later than five (5) days on which the SGX-ST is open for trading in securities ("Market Days") prior to the Effective Date. After the Effective Date, CDP will only accept for deposit share certificates for ordinary shares in the Company which reflect a par value of $0.30 each ("New Share Certificates"). Shareholders who wish to deposit their share certificates with CDP after the Effective Date must first deliver their Old Share Certificates to Lim Associates (Pte) Ltd (the "Share Registrar") at 10 Collyer Quay #19-08 Ocean Building Singapore 049315 in exchange for New Share Certificates. The New Share Certificates will then be sent by ordinary mail to the registered addresses of the Shareholders at their own risk within fifteen (15) Market Days from the date of receipt of the Old Share Certificates. Issue of New Share Certificates Depositors having Shares standing to the credit of their Securities Account and Shareholders who have deposited their Old Share Certificates with CDP at least five (5) Market Days prior to the Effective Date need not take any action. The Company will arrange with CDP to facilitate the exchange of New Share Certificates pursuant to the Capital Reduction. Shareholders who have not deposited their Old Share Certificates as aforesaid or who do not wish to deposit their Old Share Certificates with CDP are advised to forward all their Old Share Certificates to the Share Registrar at 10 Collyer Quay #19-08 Ocean Building Singapore 049315, as soon as possible after they have been notified of the Effective Date and preferably, by the Effective Date for cancellation and exchange for New Share Certificates. The New Share Certificates will be sent by ordinary mail to the registered addresses of the Shareholders at their own risk within fifteen (15) Market Days from the Effective Date or the date of receipt of the Old Share Certificates, whichever is the later. Shareholders who hold physical share certificates are reminded that their Old Share Certificates are no longer valid for settlement of trading in the Company's Shares on the SGX-ST [as the Company is under a book-entry (scripless) settlement system] but will continue to be accepted for cancellation and issue of New Share Certificates in replacement thereof for an indefinite period by the Share Registrar. The New Share Certificates will not be valid for delivery pursuant to trades done on the SGX-ST although they will continue to be prima facie evidence of legal title. No receipt will be issued by the Share Registrar for the receipt of the physical Old Share Certificates tendered. Shareholders should note that New Share Certificates will not be issued to Shareholders unless their Old Share Certificates have been tendered to the Share Registrar for cancellation. Please notify the Share Registrar if you have lost any of your existing Old Share Certificates or if there is a change in your address from that reflected in the Register of Members. The Register of Members for the New Shares will be maintained at the Share Registrar's office at 10 Collyer Quay #19-08 Ocean Building Singapore 049315. Submitted by Sabrina Ruskin, Joint Secretary on 22/10/2001 to the SGX |
| (Post 20 of 40) 11/08/2001.08:57:08 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
LOAN CAPITALISATION Consequent upon the shareholders' approval at an Extraordinary General Meeting on 28 September 2001 and the Court sanction of the Capital Reduction on 19 October 2001, the Directors wish to announce the capitalisation of the loan of an aggregate amount of S$6,828,909.93 as at 20 July 2001 owing by the Company to Surreyville Pte Ltd ('Surreyville') and Greendale Investments Pte Ltd ('Greendale') by way of the allotment and issue of 18,188,751 and 4,574,282 new ordinary shares of S$0.30 each in the share capital of the Company to Surreyville and Greendale, respectively (fractions of a share, disregarded) credited as fully paid up on issue in satisfaction of the aforesaid loan. The said new shares shall rank pari passu in all respects with the existing ordinary shares of the Company (after the Capital Reduction). The Company has on 07 November 2001 received approval from the Singapore Exchange Securities Trading Limited for the listing and quotation of the aforesaid 22,763,033 new ordinary shares of S$0.30 each in the share capital of the Company arising from the loan capitalisation. Submitted by Sabrina Ruskin, Joint Secretary on 07/11/2001 to the SGX |
| (Post 21 of 40) 02/05/2002.17:25:19 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
RESIGNATION / APPOINTMENT OF JOINT SECRETARIES The Board of Directors of Tri-M Technologies (S) Limited wish to announce that Ms Linda Law and Mrs Pathima Muneera Azmi have been appointed Joint Secretaries of the Company on 1 February 2002 in place of Ms Sabrina Ruskin and Ms Tan Cheng Siew @ Nur Farah Tan who have resigned as Joint Secretaries of the Company. Submitted by Muneera Azmi, Company Secretary on 05/02/2002 to the SGX |
| (Post 22 of 40) 04/14/2002.09:33:19 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
PERSONS OCCUPYING MANAGERIAL POSITIONS WHO ARE RELATED TO A DIRECTOR OR SUBSTANTIAL SHAREHOLDER 12 April 2002 The Listings Manager Singapore Exchange Securities Trading Limited 2 Shenton Way #19-00 SGX Centre 1 Singapore 068804 Dear Sir PERSONS OCCUPYING MANAGERIAL POSITIONS WHO ARE RELATED TO A DIRECTOR OR SUBSTANTIAL SHAREHOLDER Pursuant to Clause 902(3)(c) of the Listing Manual, we confirm that there are no persons occupying managerial positions in the Company or in its principal subsidiaries who are related to a director or substantial shareholder of the Company or its principal subsidiaries. Yours faithfully Muneera Azmi Company Secretary Submitted by Muneera Azmi, Company Secretary on 12/04/2002 to the SGX |
| (Post 23 of 40) 05/26/2002.21:22:22 |
| Author : |
Will it return to black as expected in the B/S. Strong shareholders but poor performance so far. Will the new management turn around the company yet to see but not too far away just around the corner to report its results whoever interested may relook at the counter. No of free float is less than 10 million of shares can easyly up nad down.... |
| (Post 24 of 40) 06/06/2002.09:04:44 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
CLARIFICATION ON THE FULL YEAR RESULTS FOR THE YEAR ENDED 31 MARCH 2002 The Directors of Tri-M Technologies (S) Limited ("the company") wish to provide the following additional information in response to the SGX query under item 7(a) of the announcement of the company's full year results for the year ended 31 March 2002 that was released on 31 May 2002: (a) Exchange Query To elaborate on the reasons underlying the increase in profitability of the group under item 2(a) of the announcement, despite a decrease in Turnover: Company response During the year under review, the Group's operating profit (item 2(a)) rose by 55% despite a decline of 9% in Group Turnover due to higher margins. (b) Exchange Query To provide details relating to the exceptional items in the financial year 2002 reflected in item 2(c) of the announcement: Company response The exceptional items (item 2(c)) referred to in the announcement was in relation to cost incurred due to changes in senior management, professional fees and related cost incurred in financial restructuring and the write backs of provisions treated as exceptional items in the previous year that were no longer required. (c) Exchange Query (i) The bases for the Directors' expectations on 28 December 2001 that the "Turnover is expected to be in the region of $28 million in the second half of the year. In the opinion of the Directors, the Group has achieved a turnaround and should return to profitability, barring unforeseen circumstances". (ii) When the directors were first aware that the bases explained in c(i) above were no longer appropriate, hence resulting in drop in turnover to $22.6 million during the second half and loss of $735,000 for the year ended 31 March 2002; and (iii) Why the material changes in circumstances that led to the deviation of the Group's actual performance from the forecast in the prospect statement could not have been announced earlier by the Company. Company Response The Directors' expectation was based on the Company's budget for the second half of the year, and based on the turnover, the Company expected to return to profitability in the second half of the year. Due to slow down in the industry expected sales were deferred into the current year. The group accounts were only finalised shortly before the final announcement. Submitted by Muneera Azmi, Secretary on 05/06/2002 to the SGX |
| (Post 25 of 40) 08/16/2002.08:31:56 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
ADDITIONAL INFORMATION - FULL YEAR FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2002 The Directors of Tri-M Technologies (S) Limited ("the Company") wish to provide the following additional information in response to the Singapore Exchange Limited's query on the Company's full year financial statements for the year ended 31 March 2002. (a) Exchange Query We noted the increase in profitability of the group despite a decrease in Turnover, which was explained by your Company as a result of higher margins. In light of the Profit and Loss accounts on page 16 of your Annual Report, please elaborate on this matter as well as the nature of the 72% decrease in other operating expenses. Company response The 72% decrease in operating expenses was mainly due to the following reasons:- (i) A reduction in foreign currency losses from S$630,503 in 2001 to S$336,038 in 2002, was due to favourable exchange rates. (ii) Retrenchment expenses of approximately S$528,000 were incurred in 2001 due to the down-sizing of the Singapore operations. (iii) Loss in investment amounting to S$188,000 in Plan - B Technologies Pte. Ltd. in 2001. (iv) Write-offs in 2001 eg.SICC Club amounting to S$130,000 and USA support costs amounting to S$148,000. (b) Exchange query We refer to the Operating Lease Commitments found on page 36 of your Annual Report. Please elaborate on the nature of the 88% increase in operating lease commitments within 2 to 5 years. Company response Operating lease commitments under the "Within 5 years" category increased significantly due to the signing of a new lease in respect of land and building by the Philippines subsidiary, Tri-M Philippines Pte Ltd in year 2002. The lease agreement is valid for a period of five years up to the year 2007. This was in anticipation of the relocation of the subsidiary's operations in October 2002. ON BEHALF OF THE BOARD Submitted by Muneera Azmi, Secretary on 15/08/2002 to the SGX |
| (Post 26 of 40) 08/21/2002.08:37:32 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED INCORPORATION OF FOUR NEW SUBSIDIARIES IN SINGAPORE AND CHINA The Board of Directors of Tri-M Technologies (S) Limited ("the Company") is pleased to announce that the Company has incorporated four new subsidiaries (three of which are wholly owned and the other as stated below) namely TRIM Technologies International Pte Ltd, TRIM Technologies (China) Pte. Ltd, TRIM Technologies (Shenzen) Ltd and TRIM Intelligent Systems Pte Ltd the details of which are as follows: Country of Date of Paid-up Principal Name of Subsidiaries Incorporation Incorporation Capital Activities TRIM Technologies Singapore 7/5/2002 $2 Investment Holding International Pte Ltd TRIM Technologies Singapore 12/4/2002 $2 Investment Holding (China) Pte. Ltd. TRIM Technologies People's 19/4/2002 Nil Assembly of Printed (Shenzen) Ltd Republic of Circuit Boards and China related products TRIM Intelligent Singapore 22/7/2002 $2 Design, manufacture Systems Pte Ltd and market intelligent systems RATIONALE, FUNDING AND FINANCIAL EFFECTS The Group is considering setting up operations in China although plans are still at a preliminary stage. The subsidiary, TRIM Intelligent Systems Pte Ltd will focus on development of intelligent systems for the electronic industry. This is a new business venture which will have a team of software engineers who will have an equity stake in the Company, and the group will have a ninety percent equity stake in this subsidiary. The above investments by the Company was funded through internal resources and would have no material impact on the consolidated net tangible assets of the Company for the current financial year. DIRECTORS'AND CONTROLLING SHAREHOLDERS INTEREST None of the Directors or controlling shareholders of the Company has any interest in the above transactions. Submitted by Muneera Azmi, Company Secretary on 19/08/2002 to the SGX |
| (Post 27 of 40) 08/21/2002.17:18:45 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
NOTICE OF ANNUAL GENERAL MEETING Further to the announcement made on 5 August 2002, the Directors of TRI-M Technologies (S) Limited ("the Company") would like to provide the following additional information under item (i) of the Explanatory Notes in the Notice of the Annual General Meeting: "In the Ordinary Resolution 6 proposed in item 6 of the Notice of the Annual General Meeting, the percentage of the issued share capital is calculated based on the maximum potential share capital at the time that the mandate is passed (taking into account the conversion or exercise of any convertible securities and employee share options on issue at the time that the mandate is passed, which were issued pursuant to previous shareholders' approval), adjusted for any subsequent consolidation or subdivision of shares. The proposed Ordinary Resolution if passed, will empower the Directors of the Company 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 fifty percentum (50%) of the issued share capital of the Company for the time being. For issue of shares other than on a pro rata basis to all shareholders, the aggregate number of shares to be issued shall not exceed twenty percentum (20%) of the existing issued share capital of the Company". Submitted by Muneera Azmi, Company Secretary on 21/08/2002 to the SGX |
| (Post 28 of 40) 08/27/2002.17:09:57 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
ANNUAL GENERAL MEETING The Directors of Tri-M Technologies (S) Limited ("the Company") are pleased to announce that at the Annual General Meeting of the Company held on 27 August 2002, all resolutions relating to matters set out in the Notice of the meeting were duly passed. By Order of the Board Submitted by Pathima Muneera Azmi, Company Secretary on 27/08/2002 to the SGX |
| (Post 29 of 40) 09/09/2002.19:18:55 |
| Author : |
down 65% ???? |
| (Post 30 of 40) 09/09/2002.19:28:22 |
| Author : |
one lot only...tomorrow will trade at 9.5cts onwards.. |
| (Post 31 of 40) 09/09/2002.19:33:29 |
| Author : |
Mamasan, this one can buy boh?  |
| (Post 32 of 40) 09/09/2002.19:56:28 |
| Author : |
totally no idea. dun even know such stock exists !!!wat business ??? |
| (Post 33 of 40) 09/10/2002.16:02:09 |
| Author : |
up 90% !!!???? |
| (Post 34 of 40) 09/11/2002.14:58:15 |
| Author : |
Something wrong with this counter. Is SGX blind? |
| (Post 35 of 40) 09/11/2002.15:02:30 |
| Author : |
clown of SGX. ....or made a clown out of SGX...??? |
| (Post 36 of 40) 09/16/2002.17:48:11 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
Announcement Of Appointment Of Director and Chief Executive Officer Date of appointment: 13 Sep 2002 Name: Gan Huan Kee Age: 51 Country of principal residence: Singapore Whether appointment is executive, and if so, the area of responsibility: Executive - Chief Operating Officer Tri-M Technologies (S) Ltd Working experience and occupation(s) during the past 10 years: 1992 - 1993 Division Manager, Resident/Applications Engineering Thomson Television S'pore Pte Ltd 1993 - 1999 Division Manager, Test/Design Engineering SCI Manufacturing Singapore Pte Ltd 2000 - 2001 Managing Director Flairis Advanced Manufacturing (S) Pte Ltd Other directorships Past: Director - Flairis Advanced Manufacturing (S) Pte Ltd Present: TriM Technologies (M) Sdn Bhd Tri-M Technologies (Philippines) Inc TRIM Intelligent Systems Pte Ltd TRIM International Pte Ltd TRIM Technologies China Pte Ltd TRIM Technologies (Shenzhen) Co Ltd Shareholding in the listed issuer and its subsidiaries: Yes (10,000 ordinary shares in Tri-M Technologies (S) Limited) Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries: None Conflict of interest: None Declaration by a Director, Executive Officer or Controlling Shareholder as Required ( As required per Appendix 2.4) - 1(a) Were you in the last 10 years involved in a petition under any bankruptcy laws in any jurisdiction filed against you ? No 1(b) Were you in the last 10 years a partner of any partnership involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a partner? No 1(c) Were you in the last 10 years a director or an executive officer of any corporation involved in a petition under any bankruptcy laws in any jurisdiction filed against it while you were such a director or executive officer ? No 2. Are there any unsatisfied judgements outstanding against you ? No 3. Have you been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty punishable with imprisonment for 3 months or more, or charged for violation of any securities laws? Are you the subject of any such pending criminal proceeding ? No 4. Have you at any time been convicted of any offence, in Singapore or elsewhere, involving a breach of any securities or financial market laws, rules or regulations ? No 5. Have you received judgment against you in any civil proceeding in Singapore or elsewhere in the last 10 years involving fraud, misrepresentation or dishonesty? Are you the subject of any such pending civil proceeding ? No 6. Have you been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any corporation? No 7. Have you ever been disqualified from acting as a director of any company, or from taking part in any way directly or indirectly in the management of any company? No 8. Have you been the subject of any order, judgement or ruling of any court of competent jurisdiction, tribunal or governmental body permanently or temporarily enjoining you from engaging in any type of business practice or activity ? Yes On 7 August 2001, a limited interim injunction was granted by the High Court to the Plaintiffs, Flairis Technology Corporation Limited and its subsidiary, restricting me from soliciting and enticing away employees of the said subsidiary and using certain classes of information belonging to the said subsidiary, relating to the design of certain products, pending the trial of the Plaintiff's claim. On 29 May 2002, at the end of the trial, the High Court dismissed the Plaintiffs' claim in its entirety and awarded costs to me. As part of the judgment, the said injunction was discharged absolutely. 9. Have you , to your knowledge, in SIngapore or elsewhere, been concerned with the management or conduct of affairs of any company or partnership which has been investigated by an inspector appointed under the provisions of the Companies Act, or other securities enactments or by any other regulatory body in connection with any matter involving the company, or partnership occurring or arising during the period when you were so concerned with the company or partnership? No Submitted by Muneera Azmi, Company Secretary on 16/09/2002 to the SGX |
| (Post 37 of 40) 09/16/2002.17:48:46 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
CHANGES IN THE BOARD OF DIRECTORS The Board of Directors of Tri-M Technologies (S) Limited ("the Company") wishes to announce the retirement of Mr Gerald Maxmillian Minjoot as Chairman of the Company with effect from 13 September 2002. Mr Minjoot was the founder of the Company. The Board wishes to express its appreciation for the invaluable contributions made by Mr Minjoot during the tenure of his office. Mr Minjoot remains a member of the Board. Mr Chew Mei Kwang Kenneth who was the Deputy Chairman, has been appointed the new Chairman of the Company. The Board is also pleased to announce the appointment of Mr Gan Huan Kee as Chief Executive Officer and Director of the Company with effect from 13 September 2002. Prior to his appointment, Mr Gan Huan Kee was the Chief Operating Officer of the Company. He is considered a non-independent director. Following the aforesaid changes, the Board now comprises: Mr Chew Mei Kwang Kenneth - Executive Chairman Mr Gan Huan Kee - Chief Executive Officer Mr Gerald Maxmillian Minjoot - Non-Executive Director Dr Tiong Ik King - Non-Executive Director Mr Abbas Haider Nakhoda - Independent Director Mr Yeo Yun Seng Bernard - Independent Director Mr Lim Ping Eng Patrick (Alternate Director to Mr Gerald Maxmillian Minjoot) Submitted by Muneera Azmi, Company Secretary on 16/09/2002 to the SGX |
| (Post 38 of 40) 09/27/2002.23:40:54 |
| Author : |
CAD and SGX must investigate this counter for share trading irregularity by pushing up price with 1 lot purchase otherwise they are blind regulators. This is abslutely preemptive insider trading to rig and push up the share price prior to rights issue at 30cents a share. The name of the buyer for the 1 lot (believe buyer and seller are same) must be disclosed as believe this buyer is directly or indirectly abetting under instruction of interested parties to the rights issue.
SGX should disqualify 1 lot trade that jumps in price for more than one click otherwise it has failed its duty. |
| (Post 39 of 40) 09/30/2002.08:49:29 |
| Author : |
TRI-M TECHNOLOGIES (S) LIMITED
PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF 15, 828, 910 NEW ORDINARY SHARES OF S$0.30 EACH (THE "RIGHTS SHARES") IN THE CAPITAL OF THE COMPANY, ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY TEN (10) SHARES OF S$0.30 EACH IN THE CAPITAL OF THE COMPANY HELD BY SHAREHOLDERS OF THE COMPANY AS AT A DATE TO BE DETERMINED, FRACTIONAL ENTITLEMENTS BEING DISREGARDED (THE "RIGHTS ISSUE") Pls view announcement here |
| (Post 40 of 40) 11/24/2003.17:27:52 |
| Author : |
Some fierce buying within 2 days in August this year brought this company share price to almost double. And the company replied to query saying they are not aware of what has happened.
Anyone knows whats happening? |
| Pages: 1 of 1 |
|
Copyright © 2005 ShareInvestor Pte Ltd. All Rights Reserved. Please read our General Disclaimer & Warning carefully. Use of this Website constitutes acceptance of the Terms of Website Use. For Members, please read our Membership Terms and Conditions carefully. |
Design by InfiniteSparks
|