SCB Prospectus - Announcements - Bursa Malaysia

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Company No. 462648-V DEFINITIONS (CONT'D) OSKH : OSK Holdings Berhad (207075-U) OSKP : OSK Property Holdings Berhad (201666-D) OSKVE : OSK Venture Equities Sdn Bhd (505788-D) OSKVI : OSK Ventures International Berhad (636117-K) PAT : Profit after taxation PBT : Profit before taxation PJD : PJ Development Holdings Berhad (5938-A) PJD Group : PJD and its subsidiaries, collectively Promoters : NASB, DCSB, LMSB, OSKCP, OSKVE, OSKVI, KCM, WAC and OLH PR : Permanent Resident R&D : Research and development RM and sen : Ringgit Malaysia and sen respectively RTU : Remote Terminal Unit SC : Securities Commission SCADA : Supervisory Control and Data Acquisition SC Guidelines : The Equity Guidelines issued by the SC SGD : Singapore Dollar SMS : Short Messaging System Transfer : Transfer of the listing of and quotation for the entire issued and paid-up share capital of Willowglen from the ACE Market to the Main Market of Bursa Securities UAE : United Arab Emirates USA : United States of America USD : United States Dollar WAC : Wong Ah Chiew WHKPL : Willowglen (Hong Kong) Pte Limited (811887) Willowglen or the Company : Willowglen MSC Berhad (462648-V) Willowglen Group or the Group : Willowglen and its subsidiaries, collectively Willowglen Share(s) Share(s) or : Ordinary shares of RM0.10 each in Willowglen WMSB : Willowglen (Malaysia) Sdn Bhd (351570-A) WSPL : Willowglen Services Pte Ltd (198602842-C) Words importing the singular shall, where applicable, include the plural and vice versa and words importing the masculine gender shall, where applicable, include the feminine and neuter genders and vice versa. Reference to persons shall include a corporation, unless otherwise specified. Any reference in this Introductory Document to any enactment is a reference to that enactment as for the time being amended or re-enacted. Any reference to a time of day in this Introductory Document shall be reference to Malaysian time, unless otherwise stated. v
Company No. 462648-V TABLE OF CONTENTS 1. CORPORATE DIRECTORY......................................................................................................1 2. INFORMATION SUMMARY ......................................................................................................4 2.1 HISTORY AND BUSINESS ........................................................................................4 2.2 DETAILS OF THE TRANSFER ..................................................................................4 2.3 FINANCIAL HIGHLIGHTS..........................................................................................5 2.4 RISK FACTORS .........................................................................................................7 3. PARTICULARS OF THE TRANSFER ......................................................................................8 3.1 INTRODUCTION........................................................................................................8 3.2 DETAILS OF THE TRANSFER ..................................................................................8 3.3 RATIONALE FOR THE TRANSFER ..........................................................................9 3.4 APPROVALS OBTAINED & WAIVER SOUGHT........................................................9 3.5 MARKET CAPITALISATION ....................................................................................10 4. RISK FACTORS ......................................................................................................................11 4.1 RISKS RELATING TO OUR INDUSTRY AND OUR BUSINESS .............................11 4.2 RISKS RELATING TO OUR SHARES AND SHARE PRICES .................................14 5. INFORMATION ON OUR GROUP ..........................................................................................15 5.1 HISTORY AND BUSINESS ......................................................................................15 5.2 SHARE CAPITAL .....................................................................................................17 5.3 SUBSIDIARIES AND ASSOCIATED COMPANIES .................................................18 5.4 INFORMATION ON SUBSIDIARIES........................................................................18 5.5 MATERIAL CAPITAL EXPENDITURES AND DIVESTITURES ...............................21 5.6 KEY ACHIEVEMENTS / MILESTONES ...................................................................21 6. BUSINESS OVERVIEW ..........................................................................................................22 6.1 OUR BUSINESS.......................................................................................................22 6.2 FUTURE PLANS, STRATEGIES AND PROSPECTS ..............................................46 7. INDUSTRY OVERVIEW AND OUTLOOK ..............................................................................49 7.1 OVERVIEW AND OUTLOOK OF THE GLOBAL ECONOMY ..................................49 7.2 OVERVIEW AND OUTLOOK OF THE ASIA PACIFIC ECONOMY..........................49 7.3 OVERVIEW AND OUTLOOK OF THE MALAYSIAN ECONOMY ............................50 7.4 OVERVIEW AND OUTLOOK OF THE SINGAPORE ECONOMY ...........................51 7.5 OVERVIEW AND OUTLOOK OF THE SCADA INDUSTRY.....................................51 7.6 INDUSTRY PLAYERS AND COMPETITION ...........................................................58 7.7 RELEVANT LAWS AND REGULATIONS ................................................................58 7.8 DEMAND/SUPPLY CONDITIONS ...........................................................................58 7.9 SUBSTITUTE PRODUCTS / SERVICES .................................................................59 7.10 INDUSTRY’S RELIANCE ON AND VULNERABILITY TO IMPORTS ......................59 8. INFORMATION ON DIRECTORS, SUBSTANTIAL SHAREHOLDERS, KEY MANAGEMENT AND/OR TECHNICAL PERSONNEL ..........................................................60 8.1 DIRECTORS ............................................................................................................60 8.2 BOARD PRACTICES ...............................................................................................65 8.3 SUBSTANTIAL SHAREHOLDERS ..........................................................................67 8.4 KEY MANAGEMENT AND TECHNICAL PERSONNEL...........................................73 8.5 INVOLVEMENT OF EXECUTIVE DIRECTORS/KEY MANAGEMENT AND TECHNICAL PERSONNEL IN OTHER BUSINESSES/CORPORATIONS..............77 8.6 DECLARATIONS FROM OUR PROMOTERS, DIRECTORS AND KEY MANAGEMENT AND TECHNICAL PERSONNEL...................................................77 8.7 FAMILY RELATIONSHIPS AND ASSOCIATIONS ..................................................77 8.8 PROMOTERS, DIRECTORS AND/OR SUBSTANTIAL SHAREHOLDERS’ BENEFIT ..................................................................................................................78 8.9 SERVICE AGREEMENTS........................................................................................78 8.10 MANAGEMENT AND EMPLOYEES ........................................................................78 8.11 EMPLOYEE TRAINING AND DEVELOPMENT .......................................................78 9. RELATED PARTY TRANSACTIONS AND CONFLICT OF INTEREST ................................81 9.1 RELATED PARTY TRANSACTIONS.......................................................................81 9.2 TRANSACTIONS THAT ARE UNUSUAL IN NATURE OR CONDITION .................86 vi
Page 1 and 2: THIS INTRODUCTORY DOCUMENT IS FOR Y
Page 3 and 4: Company No. 462648-V PRESENTATION O
Page 5: Company No. 462648-V DEFINITIONS Th
Page 9 and 10: Company No. 462648-V 1. CORPORATE D
Page 11 and 12: Company No. 462648-V 1. CORPORATE D
Page 13 and 14: Company No. 462648-V 2. INFORMATION
Page 17 and 18: Company No. 462648-V 3. PARTICULARS
Page 19 and 20: Company No. 462648-V 4. RISK FACTOR
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Company No. 462648-V 7. INDUSTRY OV
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Company No. 462648-V 8. INFORMATION
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Company No. 462648-V 9. RELATED PAR
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Company No. 462648-V 10. FINANCIAL
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Company No. 462648-V 14. ADDITIONAL
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SCB Prospectus - Announcements - Bursa Malaysia

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