Scgm Bhd

Change of Address

Change of Company Secretary - LIM SECK WAH

Change of Company Secretary - SEE THOO PAO YUK

Change of Registrar - ALDPRO CORPORATE SERVICES SDN BHD

Change of Company Secretary - TAN TONG LANG

Change of Company Secretary - THIEN LEE MEE

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - MR SAW CHAI SOON

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

General Meetings: Outcome of Meeting

The ownership of Perodua 🚘

Perodua stands as a prominent player in the Malaysian automotive industry, commanding a sizable 41.3% share of the market. This dominance can be largely attributed to the popularity of models such as the Bezza and Myvi, with the latter historically reigning as Malaysia's top-selling car for five consecutive years until recently, Bezza has overtaking it.

However, it may come as a surprise that Perodua's ownership is not centralized under a single entity. Instead, ownership of Perodua is distributed among several parties:

📍$UMW / 4588 (UMW HOLDINGS BERHAD): Holds a 38% stake. Following its acquisition by $SIME / 4197 (SIME DARBY BERHAD), these shares are now under the control of SIME. Notably, PNB emerges as the largest shareholder of SIME, boasting a 50.3% ownership stake. Consequently, it's estimated that PNB indirectly possesses 19.11% of Perodua shares through its majority stake in UMW, complemented by its direct 10% ownership, resulting in a total shareholding of 29.11% in Perodua?
📍Daihatsu: Holds a 25% stake and operates as a subsidiary of Toyota.
📍$MBMR / 5983 (MBM RESOURCES BHD): Holds a 20% stake. Notably, Med-Bumikar Mara emerges as the largest shareholder of MBMR, commanding a 50.07% ownership stake. However, Med-Bumikar Mara's ownership is distributed among seven entities. The largest among these is MARA, holding a 29.18% stake in Med-Bumikar Mara, followed by various other families including Tan Sri Ahmad Azizuddin Family (13.47%), Yap Family (11.75%), Datuk Abdul Rahim Family (11.74%), Looi Family (11.72%), Wong Family (11.17%), and Ng Family (10.21%).
📍PNB: Holds a 10% stake.
📍Mitsui & Co: Holds a 7% stake. Mitsui & Co stands as one of the top five Japanese firms and has significant investments in Malaysia, including involvement in the plastic business acquired from $SCGM / 7247 (SCGM BHD), as well as interests in FPSO and Lalaport through its subsidiary companies.

Hence, given Perodua's non-listed status, accessing the company's financial performance directly proves challenging. However, for insights into Perodua's operations, we may turn to MBMR instead of SIME. This preference stems from the fact that SIME, being a significantly larger and more diversified entity, might not offer as clear a picture of Perodua's specific financial dynamics.

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

PRACTICE NOTE 16 / GUIDANCE NOTE 2 : OTHERS

$SCGM / 7247 (SCGM BHD)

$SCGM / 7247 (SCGM BHD)

PETALING JAYA: SCGM Bhd is proposing to acquire Eramas Global Group Sdn Bhd as part of its overall regularisation plan to regularise its condition as a cash company.

$SCGM / 7247 (SCGM BHD): A coconut and palm products producer in the future

$SCGM / 7247 (SCGM BHD) entered PN16 status after divesting its plastic products manufacturing and trading business to Mitsui & Co from Japan. This move left the company as a cash entity without any business operations. To maintain its listing status, SCGM needed to acquire another company. In a recent announcement, SCGM revealed its acquisition target to be ERAMAS, a coconut and palm product manufacturing company.

According to the notice, the acquisition will be made through cash and/or the issuance of new shares at RM0.615 per share.

Now, let's delve into ERAMAS's business activities. ERAMAS is primarily involved in the manufacturing of coconut and palm products, as well as sales and marketing. From the provided information, we can see that Erapoly Global (focus on overseas market) and Eramas Marketing (focus on Malaysia market) are their trading arms, while Eramas Ingredients and PT Eramas Coconut Industries are their manufacturing arms.

Erapoly Global Sdn Bhd specializes in exporting coconut and palm-related products such as RBD Palm Olein, Red Palm Oil, Shortening, Margarine, Sweetened Condensed Milk, Evaporated Filled Milk, and more. The company has diversified its portfolio to include UHT Coconut Milk/Cream, UHT Coconut Milk Beverage, Coconut Milk/Cream Powder, RBD Coconut Oil, and Specialty Food Ingredients. Erapoly Global also offers OEM services and exports to over 109 countries.

Eramas Marketing operates as a sales and marketing company focusing on the Malaysian market. It promotes its house brand, Emma, offering a wide range of coconut-related products and cooking ingredients such as UHT coconut milk/cream, coconut milk/cream powder, coconut water, coconut sugar, and more.

Eramas Ingredients Sdn Bhd specializes in spray dry production with a monthly capacity of 1000MT. The company produces various food-related powders ranging from coconut to palm series.

PT Eramas Coconut Industries serves as the overseas manufacturing plant located in Medan, Indonesia, producing coconut milk/cream, coconut water, and desiccated coconut.

These details provide an overview of ERAMAS's business activities. As ERAMAS is a private company, its financial performance is not publicly accessible. However, following the successful backdoor listing, we will gain a clearer understanding of its financials.

$SCGM / 7247 (SCGM BHD) heads of agreement is out. no definitive details yet, so can't make any conclusions.

As speculated 1 year ago, it really is the Eramas group of companies.

I guess they are still going back and forth about the valuation of the acquisition, thus being unable to come to a conclusion with definitive terms.

The purchase will be either satisfied in cash or by issuance of new shares at RM 0.615 a share-- probably a mixture of both.

It seems like the process might still take a while yet.

@zhiyang007 @khin87

OTHERSSCGM BHD ("SCGM" OR THE "COMPANY")

HEADS OF AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN ERAMAS GLOBAL GROUP SDN BHD

PRACTICE NOTE 16 / GUIDANCE NOTE 2 : OTHERS

PRACTICE NOTE 16 / GUIDANCE NOTE 2 : MONTHLY ANNOUNCEMENT

Consolidated results for the financial period ended 31/12/2023

@portoftheyear

$ANALABS / 7083 (ANALABS RESOURCES BERHAD) 30%
$JASKITA / 8648 (JASA KITA BERHAD) 50%
$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) 10%
$SCGM / 7247 (SCGM BHD) 10%

@portoftheyear $SCGM / 7247 (SCGM BHD) 30% , $TGUAN / 7034 (THONG GUAN INDUSTRIES BERHAD) 25%, $MFCB / 3069 (MEGA FIRST CORPORATION BERHAD) 25%, $CEB / 5311 (CAPE EMS BERHAD) 20%

Consolidated results for the financial period ended 31/10/2023

PRACTICE NOTE 16 / GUIDANCE NOTE 2 : MONTHLY ANNOUNCEMENT

Stockbit Portfolio of the Year is back! Don't forget to join the competition / game!

Will submit mine soon!

~~~

-repost-

PORTFOLIO OF THE YEAR 2024!

Registrations are opened! Are you ready? Portfolio of the Year is a stock picking competition sponsored by Stockbit Malaysia. The rules are as follows:

1. You MUST be a registered user on Stockbit, and participate on the Stockbit Platform (either by website or by phone app).

2. Create a post on Stockbit and Tag [ @portoftheyear ] and Cashtag 2-10 stocks only (No warrants or derivatives!) and assign your investment weightages on them:
a. Example: $HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) 20%, $MFCB / 3069 (MEGA FIRST CORPORATION BERHAD) 20%, $SCGM / 7247 (SCGM BHD) 20%, $SAM / 9822 (SAM ENGINEERING & EQUIPMENT (M) BERHAD) 40% (the total percentages must add up to 100%);
b. Weightage for a single stock cannot exceed 50%;
c. These picks and weightages will be locked in for the whole year of 2023 and no alterations are allowed.

3. The reference entry price will be taken to be the opening price of the first trading day of January 2024, and exit price will be the closing price of the last trading day of December 2024.

4. Corporate actions will be counted.

5. Portfolios of the top 10 users with the highest returns will win prizes as follows; 1st prize: RM 1,000.00, 2nd prize: RM 600.00, 3rd prize: RM 400.00, 4th-10th prize: Stockbit Merchandise.

6. Only one entry per account. Intentionally breaking this rule by making multiple entries will render all your entries invalid!

7. The Deadline for entry is 1st January 2024, 11:59pm.

8. The Game Master has the right to make changes to the rules for the best interest of the game.

PORTFOLIO OF THE YEAR 2024!

Registrations are opened! Are you ready? Portfolio of the Year is a stock picking competition sponsored by Stockbit Malaysia. The rules are as follows:

1. You MUST be a registered user on Stockbit, and participate on the Stockbit Platform (either by website or by phone app).

2. Create a post on Stockbit and Tag [ @portoftheyear ] and Cashtag 2-10 stocks only (No warrants or derivatives!) and assign your investment weightages on them:
a. Example: $HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) 20%, $MFCB / 3069 (MEGA FIRST CORPORATION BERHAD) 20%, $SCGM / 7247 (SCGM BHD) 20%, $SAM / 9822 (SAM ENGINEERING & EQUIPMENT (M) BERHAD) 40% (the total percentages must add up to 100%);
b. Weightage for a single stock cannot exceed 50%;
c. These picks and weightages will be locked in for the whole year of 2023 and no alterations are allowed.

3. The reference entry price will be taken to be the opening price of the first trading day of January 2024, and exit price will be the closing price of the last trading day of December 2024.

4. Corporate actions will be counted.

5. Portfolios of the top 10 users with the highest returns will win prizes as follows; 1st prize: RM 1,000.00, 2nd prize: RM 600.00, 3rd prize: RM 400.00, 4th-10th prize: Stockbit Merchandise.

6. Only one entry per account. Intentionally breaking this rule by making multiple entries will render all your entries invalid!

7. The Deadline for entry is 1st January 2024, 11:59pm.

8. The Game Master has the right to make changes to the rules for the best interest of the game.

What are you waiting for? Get yourself registered on Stockbit today so you don’t miss out!

Change in Financial Year End

$SCGM / 7247 (SCGM BHD) EoT was granted, till 1 March 2024 @kevinong96 @zhexiangxd @youngcikgu @boncos