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PERFORMANCE REVIEW (cont’d)
GROUP FINANCIAL CALENDAR
2012
16 January
Announcement that the Company
proposed to undertake a private
placement of 10,000,000 new ordinary
shares of par value RM0.40 each in GCB
representing approximately 9.91% of
the Company’s issued and paid-up share
capital (“Placement Shares”) to investors
to be identified.
20 February
Announcement on the financial results
for the fourth quarter and financial year
ended 31 December 2011.
23 February
Announcement that the proposed
private placement, of 10,000,000 new
ordinary shares at a Placement price
of RM0.61 each in GCB representing
approximately 9.91% of the Company’s
issued and paid-up share capital, has
been completed and the Placement
Shares listed on the Main Market of
Bursa Malaysia Securities Berhad.
23 March
Announcement that Gunung Capital
Berhad (“Gunung”) had on 23 March
2012 entered into a Share Purchase
Agreement (“SPA”) to dispose of
3,000,000 ordinary shares in Gunung
Biofuel Sdn Bhd (“GBSB”), representing
100% of the total issued and paid-up
share capital in GBSB at a price of
RM2,310,000 or RM0.77 per share to Best
Time Venture Sdn Bhd (“Purchaser”).
The Purchaser will also assume, and
immediately repay specific liabilities
of GBSB due to Gunung amounting
to RM847,815 and due to Gunung
Resources Sdn Bhd (“GRSB”), a 100%
owned subsidiary of Gunung, amounting
to RM775,693. The cash proceeds from
this transaction total RM3,933,508 (“the
Proposed Disposal”).
30 March
Announcement that Gunung Capital
Berhad (“the Company”) that Bas Rakyat
Sdn Bhd (“BRSB”), an indirect subsidiary
of the Company, increased its issued
and paid-up capital from RM100,000
to RM300,000 by way of allotment and
issuance of 200,000 new ordinary shares
of RM1.00 each at par value for cash to
its existing shareholders. Pursuant to the
Increase in Share Capital, GPB, a 100%
owned subsidiary of the Company, had
subscribed for 150,000 new ordinary
shares of RM1.00 each in BRSB for a cash
consideration of RM150,000, which was
funded from GPB’s internal cash-flow. The
equity stake of GPB in BRSB remained
unchanged at 75% after the Increase in
Share Capital.
6 April
Announcement that the proposed
dispose of 3,000,000 ordinary shares
in Gunung Biofuel Sdn Bhd (“GBSB”),
representing 100% of the total issued
and paid-up share capital in GBSB is
complete and GBSB ceases to be a
subsidiary of Gunung.
24 April
Announcement of a First Interim
single-tier dividend of 1 sen per ordinary
share of RM0.40 each for the financial
year ending 31 December 2012.
29 May
Announcement on the financial results
for the first quarter ended 31 March
2012.
8 June
17th Annual General Meeting (“AGM”)
of Gunung Capital Berhad where
all resolutions were unanimously
approved.
Gunung Capital Berhad (330171-P)
15
annual report | 2012