Hatching For The Future - teo seng capital berhad

Teo Seng Capital Berhad
Notes To The Financial Statements
For The Financial Year Ended 31 March 2012
33. OPERATING SEGMENTS (cont’d)
Geographical Information
Revenue
Non-Current Assets
2012 2011 2012 2011
RM RM RM RM
Malaysia 206,143,770 148,340,403 124,732,842 103,881,111
Singapore 60,731,857 57,898,042 922,579 762,625
Others 412,362 1,251,947
-
-
267,287,989 207,490,392 125,655,421 104,643,736
Major Customers
There were no revenue from one single customer that contributed to more than 10% of the Group’s revenue.
34. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR
On 10 January 2012, Success Century Sdn. Bhd., a wholly-owned subsidiary of the Company, entered into a
Memorandum of Understanding (“MOU”) with directors of subsidiaries, Mr. Lim Meng Bin and Mr. Ng Eng Leng to
acquire a piece of vacant freehold land held under Plot F of Lot 70, Mukim of Tj. Sembrong, District of Batu Pahat,
Johor for a total cash consideration of RM 1,876,430.
As of the report date, there is no material development on the MOU.
35. SIGNIFICANT EVENTS OCCURRING AFTER THE REPORTING PERIOD
(a)
On 14 May 2012, Liberal Energy Sdn. Bhd., a wholly-owned subsidiary of the Company, entered into the following
Sale and Purchase Agreements (“SPAs”) :
(i)
A SPA with a director of the Company, Mr. Na Yok Chee to acquire a freehold land held under EMR 2191 (now
known as GM3365), Lot 3236, Mukim of Tanjong Sembrong, District of Batu Pahat, Johor for a total cash
consideration of RM 172,550.
(ii)
A SPA with a director of subsidiaries, Mr. Nam Hiok Yong to acquire a freehold land held under EMR 2192
(now known as GM3366), Lot 3239, Mukim of Tanjong Sembrong, District of Batu Pahat, Johor for a total
cash consideration of RM 337,850.
The above acquisitions were completed on 12 July 2012.
Annual Report 2012
(b)
On 14 May 2012, the Company entered into a Share Sale Agreement with Mr. Ng Cheng Nam and directors of the
Company and its subsidiaries, Mr. Na Hap Cheng, Mr. Nam Yok San, Mr. Na Yok Chee, Mr. Nam Hiok Yong, Mr.
Lim Meng Bin, Mr. Ng Eng Leng and Mr. Loh Wee Cheng to acquire entire equity interests, comprising 95,000
ordinary shares of RM 1.00 each in Pioneer Prosperity Sdn. Bhd. (“Pioneer”) for a total cash consideration of RM
376,200. (“Proposed Acquisition”).
The Proposed Acquisition was completed on 12 July 2012. Upon the completion of the Proposed Acquisition,
Pioneer became a wholly-owned subsidiary of the Company.
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