K.seng Seng Corporation Berhad

$TENAGA / 5347 (TENAGA NASIONAL BHD)
$SLVEST / 0215 (SOLARVEST HOLDINGS BERHAD)
$TEXCYCL / 0089 (TEX CYCLE TECHNOLOGY (M) BERHAD)
$KSSC / 5192 (K.SENG SENG CORPORATION BERHAD)
$GESHEN / 7197 (GE-SHEN CORPORATION BERHAD)

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

General Meetings: Outcome of Meeting

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED ACQUISITION BY K. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY") OF 1,104,000 ORDINARY SHARES IN METALMACH MICRO TECHNOLOGY SDN BHD, REPRESENTING 40% EQUITY INTEREST FOR A CASH CONSIDERATION OF RM14.00 MILLION; (II) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF KSSC TO INCLUDE THE MANUFACTURING OF INTERMEDIATE METAL PRODUCTS; AND (III) PROPOSED PRIVATE PLACEMENT OF UP TO 55,739,900 NEW ORDINARY SHARES IN KSSC, REPRESENTING NOT MORE THAN 30% OF THE ISSUED ORDINARY SHARES OF KSSC (ASSUMING FULL EXERCISE OF ITS OUTSTANDING WARRANTS) TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED AND AT AN ISSUE PRICE TO BE DETERMINED LATER. (COLLECTIVELY, REFERRED AS THE "PROPOSALS")

CIRCULAR TO SHAREHOLDERS IN RELATION TO (I) PROPOSED ACQUISITION BY K. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY") OF 1,104,000 ORDINARY SHARES IN METALMACH MICRO TECHNOLOGY SDN BHD, REPRESENTING 40% EQUITY INTEREST FROM LOW KIM YOONG FOR A CASH CONSIDERATION OF RM14.00 MILLION; (II) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF KSSC TO INCLUDE THE MANUFACTURING OF HIGH PRECISION METAL PRODUCTS; AND (III) PROPOSED PRIVATE PLACEMENT OF UP TO 55,739,900 NEW ORDINARY SHARES IN KSSC, REPRESENTING NOT MORE THAN 30% OF THE ISSUED ORDINARY SHARES OF KSSC (ASSUMING FULL EXERCISE OF ITS OUTSTANDING WARRANTS) TO INDEPENDENT THIRD-PARTY INVESTOR(S) TO BE IDENTIFIED AND AT AN ISSUE PRICE TO BE DETERMINED LATER. (COLLECTIVELY, REFERRED AS THE "PROPOSALS")

General Meetings: Notice of Meeting

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MISS CHEONG LAI SIN

AI data centers are 'copper eaters'?

Morgan Stanley stated in its latest report that with the rapid development of AI technology, the demand for copper will significantly increase, with AI data centers becoming a new growth point for copper demand. By the fourth quarter of 2024, the price of copper may rise to $10,500 per ton, representing an 18% increase from current levels.

According to the report, from 2024 to 2027, the demand for copper in AI data centers is projected to increase from 200,000 to 500,000 tons annually in 2023 to 500,000 to 1.2 million tons in 2027, with a compound annual growth rate of 26%.

By 2027, the demand for copper from AI data centers may account for 3.3% of global copper demand (in comparison, the demand from electric vehicles may only be 5.2%), which will drive copper prices higher and have a profound impact on the global copper market.

In data centers, copper is primarily used for power distribution equipment (accounting for about 75%) and grounding and interconnection (accounting for about 22%). Specifically, copper is used extensively in power transmission (such as cables, connectors, busbars), as well as heat exchangers and water tanks, grounding and interconnection, and piping and HVAC systems.

It is worth noting that despite the presence of fiber optic cables in data transmission, copper still dominates in power distribution and heat exchangers. The advantages of copper lie in its lower installation cost, lower power consumption, and minimal cooling requirements for heat design.

Taking this into account, is there a chance for Malaysia's copper manufacturers to experience a surge? Some that come to mind are $METROD / 6149 (METROD HOLDINGS BERHAD), $KSSC / 5192 (K.SENG SENG CORPORATION BERHAD), and $TAWIN / 7097 (TA WIN HOLDINGS BERHAD), especially given the recent boom in AI-related stocks.

MULTIPLE PROPOSALSK. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY")

(I) PROPOSED ACQUISITION;

(II) PROPOSED DIVERSIFICATION; AND

(III) PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY, "PROPOSALS")

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS (Amended Announcement)K. SENG SENG CORPORATION BERHAD ("KSSC" OR "THE COMPANY")
- ACQUISITION OF 656,000 ORDINARY SHARES REPRESENTING THE REMAINING 40% EQUITY INTEREST IN EIE ASIAN HOLDINGS SDN BHD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MISS CHEONG LAI SIN

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS (Amended Announcement)K. SENG SENG CORPORATION BERHAD ("KSSC" OR "THE COMPANY") - ACQUISITION OF 656,000 ORDINARY SHARES REPRESENTING THE REMAINING 40% EQUITY INTEREST IN EIE ASIAN HOLDINGS SDN BHD

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSK. SENG SENG CORPORATION BERHAD ("KSSC" OR "THE COMPANY")
- ACQUISITION OF 656,000 ORDINARY SHARES REPRESENTING THE REMAINING 40% EQUITY INTEREST IN EIE ASIAN HOLDINGS SDN BHD

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

MULTIPLE PROPOSALSK. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY")

(I) PROPOSED ACQUISITION;

(II) PROPOSED DIVERSIFICATION; AND

(III) PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY, "PROPOSALS")

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MISS CHEONG LAI SIN

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MISS CHEONG LAI SIN

Additional Listing Announcement /Subdivision of Shares

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MISS CHEONG LAI SIN

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

MULTIPLE PROPOSALSK. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY")

(I) PROPOSED ACQUISITION;

(II) PROPOSED DIVERSIFICATION; AND

(III) PROPOSED PRIVATE PLACEMENT.

(COLLECTIVELY, "PROPOSALS")

PROPOSED ACQUISITION OF 1,104,000 ORDINARY SHARES REPRESENTING 40% EQUITY INTEREST IN METALMACH MICRO TECHNOLOGY SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM14,000,000

MULTIPLE PROPOSALSK. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY")

(I) PROPOSED ACQUISITION;

(II) PROPOSED DIVERSIFICATION; AND

(III) PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY, "PROPOSALS")

MULTIPLE PROPOSALSK. SENG SENG CORPORATION BERHAD ("KSSC" OR THE "COMPANY")

(I) PROPOSED ACQUISITION;

(II) PROPOSED PRIVATE PLACEMENT; AND

(III) PROPOSED DIVERSIFICATION

(COLLECTIVELY, "PROPOSALS")

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

Notice of Person Ceasing (Section 139 of CA 2016) - MR KOH SENG KAR @ KOH HAI SEW (DEMISED)

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - MISS CHEONG LAI SIN

A surprising line up of SCIB's top 30

Datuk Mohd Abdul Karim Abdullah, the former chairman of $SCIB / 9237 (SARAWAK CONSOLIDATED INDUSTRIES BERHAD), has divested his significant 23.996% stake in the company. His holding of 139.67 million shares was force-sold in July 2023, marking the end of his ownership.

The latest annual report reveals a notable transformation among the top 30 shareholders of the company. Here's a glimpse:

1. Huang Tiong Sii (4.22%) – An influential figure in Sarawak, serving as the Vice President of Sarawak United People's Party (SUPP), a component party of Gabungan Parti Sarawak (GPS). Tiong Sii holds positions as MP for Sarikei, ADUN for Repok, and Deputy Minister of Natural Resources, Environment, and Climate Change under the leadership of Anwar Ibrahim in the unity government.

2. Chan Yok Peng (3.12%) - Founder and managing director of the now delisted company, Sumatec Resources Berhad. He currently holds shares and an executive director position in $KLSE-ALRICH.

3. Keh Chuan Seng (1.37%) - Founder of Frazel Group of Companies and a major shareholder and director in various listed companies, including $KSSC / 5192 (K.SENG SENG CORPORATION BERHAD), EG, HBGLOB, $TEXCYCL / 0089 (TEX CYCLE TECHNOLOGY (M) BERHAD), and GESHEN.

4. Jason Koh Jian Hui (1.47%) - Serving as the managing director and major shareholder of $ECOMATE / 0239 (ECOMATE HOLDINGS BERHAD).

5. Chiau Beng Teik (0.80%) and Chiau Haw Choon (0.78%) - Noteworthy figures in the stock market as substantial shareholders in various listed companies. As founders of $CHINHIN / 5273 (CHIN HIN GROUP BERHAD), they hold significant shares in CHGP, AJIYA, FIAMMA, SIGN, and SLVEST.

6. Liaw Way Gian (0.61%) - Executive director and CEO of ARTRONIQ and an executive director of APB.

7. Chin Choon Wei (0.58%) - Serving on the boards of SCIB and APB, and also as the CFO of ARTRONIQ, indicating a close working relationship with Liaw.

8. Gan Chow Tee (0.58%) - CEO of EDUSPEC, a non-executive director of YB, and an executive director of FITTERS.