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annual report | 2012 Gunung Capital Berhad (330171-P) 16 PERFORMANCE REVIEW (cont’d) GROUP FINANCIAL CALENDAR (cont'd) 6 August Announcement on the financial results for the second quarter ended 30 June 2012. 14 August Announcement that the Company subscribed for an additional 600,000 new ordinary shares of RM1.00 each in Gunung Hydropower Sdn Bhd (“GHSB”) at par for a total cash consideration of RM600,000. Simultaneously, Perak Hydro Renewable Energy Corporation Sdn Bhd (“PHREC”) a private limited company incorporated in Malaysia under the Companies Act, 1965 on 14 July 2010 had subscribed for 300,000 new ordinary shares of RM1.00 each in GHSB at par for a total cash consideration of RM300,000.00 (collectively referred to as “Subscription”). Pursuant to the Subscription, the total issued share capital of GHSB increased from 100,000 ordinary shares of RM1.00 each to 1,000,000 ordinary shares of RM1.00 each. As a result of this Subscription, GHSB ceased to be a wholly-owned subsidiary of Gunung and has become a 70% owned subsidiary. 16 August Announcement that GPB Corporation Sdn Bhd (“GPB”), a wholly owned subsidiary of Gunung, had on 16 August 2012 received an offer letter from University Putra Malaysia (“UPM), Serdang, Selangor to operate a public bus service within the campus of UPM. The public bus service operates within the campus of UPM involving 12 units of buses with a 44 passenger capacity. The total contract value is RM490,440.00. The service will be in operation for a period of sixty-one (61) days from September 2012 to October 2012. 3 September Announcement that the Company, had on 3 September 2012 entered into a Joint Venture Agreement (“Agreement”) with Perak Hydro Renewable Energy Corporation Sdn Bhd (“PHREC”) to jointly carry out the development of selected renewable energy mini-hydropower plants, in the State of Perak, on a Build Operate and Own (“BOO”) concept, and under the Sustainable Energy Development Authority (“SEDA”) Feed-in-Tariff Programme. The Feed-in-Tariff (FiT) system under the Renewable Energy Act 2011 supports the developers of renewable energy by fixing a premium tariff for electricity generated from non fossil fuel sources, such as mini-hydro schemes. The introduction of the Renewable Energy Act 2011 provides a mandatory requirement for the utility provider (Tenaga Nasional Berhad) to buy Renewable Energy power. In the case of mini-hydro plants having an installed capacity of up to and including 10MW, the FiT rate payable by the utility is 24 sen per kilowatt hour for a mandatory period of twenty one (21) years. 23 November Announcement on the financial results for the third quarter ended 30 September 2012. January - December Throughout the financial year ended 31 December 2012 the Company made various announcements regarding the conversion of a total of 1,833,398 warrants into new ordinary shares, and the subsequent listing of the new shares on the Main Market of Bursa Malaysia Securities Berhad.
PERFORMANCE REVIEW (cont’d) SHARE PRICE MOVEMENT FOR THE PERIOD FROM 1 MAY 2012 TO 30 APRIL 2013 0.78 0.75 0.72 0.69 0.66 0.63 0.6 1 61 121 181 PRICE RM DATE Highest 0.780 2 May 2012 Lowest 0.625 4 April 2013 Highest volume during this period is 884,000 shares on 9 August 2012 220 215 210 205 200 195 190 Gunung Trading & Services Gunung Capital Berhad (330171-P) 17 annual report | 2012
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Notes:- 1. A member of the Company,
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