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楼主: icy97

【JSB 5673 交流专区】(前名 IPMUDA)

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 楼主| 发表于 17-9-2024 02:32 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
JENTAYU SUSTAINABLES BERHAD ("JSB" OR "THE COMPANY")- ECOS issues Letter of Notification for Project Oriole; a run-of-river hydropower plant with a capacity of 162MW
The Company is pleased to announce that its subsidiary, Oriole Hydro Padas Sdn Bhd (“OHP”), on 2 September 2024, has received a Letter of Notification (“LON”) from the Energy Commission of Sabah (ECOS), representing the state government of Sabah, in relation to Project Oriole, a 162MW run-of-river hydropower plant (“the Project”). The LON provides the key commercial and technical terms for the project.

Please refer to the attachment for further details.

The announcement is dated 4 September 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3481322

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 楼主| 发表于 3-10-2024 04:59 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
JENTAYU SUSTAINABLES BERHAD ("JSB" OR "COMPANY") AND ORIOLE POWER SDN BHD ("OPSB") ENTERS INTO A PROJECT DEVELOPMENT COLLABORATION AGREEMENT WITH SUMITOMO CORPORATION
1.INTRODUCTION

The Board of Directors (“the Board”) is pleased to announce that the Company, together with its wholly owned subsidiary, Oriole Power Sdn Bhd, on 2 October 2024, entered into a Project Development Collaboration Agreement (“PDCA”) with Sumitomo Corporation for the purposes of developing Project Oriole, a 162MW run-of-river hydropower plant in Sipitang, Sabah (“the Project” or “Project Oriole”)

2. BACKGROUND

Oriole Power Sdn Bhd

Oriole Power Sdn Bhd is a wholly owned subsidiary of Jentayu Sustainables Berhad. OPSB is a private company incorporated under the laws of Malaysia with its principal place of business at Unit 25-01, Level 25, Menara Felda, 11 Persiaran KLCC, 50450 Wilayah Persekutuan Kuala Lumpur, Malaysia.

Sumitomo Corporation

Sumitomo Corporation (TYO: 8053) is an integrated trading and business investment company with a strong global network comprising 128 offices in 66 countries and regions. The Sumitomo Corporation Group consists of approximately 900 companies and 80,000 employees on a consolidated basis. The Group's business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of "Enriching lives and the world," based on Sumitomo’s business philosophy passed down for over 400 years. Sumitomo Corporation has strong interest in development of renewable energy projects in various areas, including, but not limited to Malaysia together with an appropriate partner.

Memorandum of Understanding with Sumitomo Corporation

On 20 July 2023, the Company entered into a Memorandum of Understanding (“MOU”) with Sumitomo Corporation. The MOU covered the following business areas:-

1) Joint development and investment into the JSB's Existing Projects;
2) Joint operation of company conducting business related to power plant projects; and
3) Joint development and investment into other potential renewable power plant project.

On 20 December 2023, the Company entered into a Deed of Amendment of the MOU to reflect an extension for execution of Definitive Agreements concerning the joint development of Project Oriole by 28 June 2024 instead of 22 December 2023.

On 21 May 2024, the Deed of Amendment No. 2 was signed to reflect the extension of the new target execution of Definitive Agreements concerning the joint development of Project Oriole by 31 December 2024. In addition, it also includes a clause on exclusivity, where JSB will shortlist up to three potential partners for a three-party named exclusivity, including Sumitomo Corporation, for the investment in the preference shares of Project Oriole.

Project Development Collaboration Agreement with Sumitomo Corporation

The PDCA will serve to enhance the existing collaboration between the Company and Sumitomo Corporation for the purpose of developing the Project. . The PDCA includes the following salient points:-

1) A re-emphasis on the key clauses in the Memorandum of Understanding and subsequent Deed of Amendments signed with Sumitomo Corporation.
2) Option for Sumitomo Corporation to contribute in advance towards the development cost of the Project for an amount up to RM12.4 million.
3) Deeper collaboration with Sumitomo Corporation on key decisions of the Project.

3. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSON CONNECTED

None of the Directors or Major Shareholders of JSB or persons connected to the Directors or Major Shareholders of JSB have interest, direct or indirect in the PDCA.

4. DIRECTORS STATEMENT/RECOMMENDATION

After having considered all aspects of the PDCA, the Board of Directors of Jentayu Sustainables Berhad is of the view that the PDCA is in the best interest of the Company.

5. DOCUMENT AVAILABLE FOR INSPECTION

A copy of the PDCA is available for inspection during normal office hours at the registered office of JSB at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Wilayah Persekutuan Kuala Lumpur, Malaysia, from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 2 October 2024.

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 楼主| 发表于 4-3-2025 06:26 PM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2024
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2024
31 Dec 2023
31 Dec 2024
31 Dec 2023
MYR'000
MYR'000
MYR'000
MYR'000
1Revenue
4,830
5,679
8,546
13,249
2Profit/(loss) before tax
-3,331
-3,699
-7,643
-10,847
3Profit/(loss) for the period
-3,409
-3,699
-7,766
-10,847
4Profit/(loss) attributable to ordinary equity holders of the parent
-3,409
-3,699
-7,766
-10,847
5Basic earnings/(loss) per share (Subunit)
-0.77
-0.88
-0.87
-2.20
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent
0.3134
0.3244

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 楼主| 发表于 18-3-2025 06:31 AM | 显示全部楼层
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
JENTAYU SUSTAINABLES BERHAD (“JENTAYU SUSTAINABLES” OR THE “COMPANY”)(I)        PROPOSED ACQUISITION OF HYDRO ASSET; AND (II)        PROPOSED ACQUISITION OF SOLAR ASSET(COLLECTIVELY REFERRED TO AS THE “PROPOSED ACQUISITIONS”)
We refer to the Company’s announcements made on 22 September 2021, 23 September 2021, 26 January 2022, 1 April 2022, 26 August 2022, 3 October 2022, 3 April 2023, 4 April 2023, 26 July 2023, 1 November 2023, 3 November 2023, 21 March 2024, 27 March 2024, 29 March 2024, 2 September 2024, 25 September 2024, and 22 January 2025 in relation to the Proposed Acquisitions (“Announcements”). For consistency purposes, the abbreviations used in this Announcement shall carry the same meaning as those previously defined in the Announcements unless otherwise defined herein.

1. INTRODUCTION

On behalf of the Board of Directors of Jentayu Sustainables (“Board”), Mercury Securities wishes to announce that the Company, had on 17 March 2025, entered into the following letters of mutual termination with the respective vendors in respect of the Proposed Acquisition of Hydro Asset to mutually terminate the Hydro SSA:

(a) letter of mutual termination with Kasa Tuah and Borneo Sustainable to mutually terminate the Hydro SSA 1 dated 22 September 2021 as well as the supplemental agreements to the Hydro SSA 1 dated 31 March 2022, 30 September 2022, 31 March 2023, 26 July 2023, 29 March 2024 and 25 September 2024 in relation to the sale and purchase of the entire equity interest in Senja Optima;

(b) letter of mutual termination with Jentayu Capital to mutually terminate the Hydro SSA 2 dated 22 September 2021 as well as the supplemental agreements to the Hydro SSA 2 dated 31 March 2022, 30 September 2022, 31 March 2023, 29 March 2024 and 25 September 2024 in relation to the sale and purchase of redeemable preference shares in Telekosang One and Telekosang Two; and

(c) letter of mutual termination with Jentayu Capital to mutually terminate the Hydro SSA 3 dated 22 September 2021 as well as the supplemental agreements to the Hydro SSA 3 dated 31 March 2022, 30 September 2022, 31 March 2023, 29 March 2024 and 25 September 2024 in relation to the sale and purchase of 100.0% Junior Bonds of RM120.0 million in nominal value issued by Telekosang One.

The mutual termination shall be effective on 17 March 2025, the date whereby all parties to the abovementioned Hydro SSA have executed the letters of mutual termination.

The parties have also agreed that neither party shall have any claim against any other party to the respective Hydro SSA and its supplemental agreements, save and except any obligations expressed to survive any termination of the respective Hydro SSA and its supplemental agreements. Each party further reserves all its rights in relation to the letters of mutual termination and any remaining rights expressed to survive any termination of the respective Hydro SSA or its supplemental agreements including but not limited to the return of the refundable cash deposit sums to the Company.

2. RATIONALE

Subsequent to the announcement on 22 January 2025 whereby the application for an extension of time of up to 26 March 2025 to implement and complete the Proposed Acquisitions was not approved by the SC, the Company has discussed with the vendors and the parties have decided to mutually terminate the Hydro SSA.

This decision was made in view of the potential additional cost for a new submission to the SC, expected delays, and uncertainty regarding the timeline for the completion of the Proposed Acquisition of Hydro Asset, which may in turn result in the Proposed Acquisitions not delivering to its anticipated benefits.

3. FINANCIAL EFFECTS

The expenses for the Proposed Acquisitions of approximately RM6.35 million that is currently categorised as prepayment in the consolidated accounts of the Company that shall be expensed off in the financial year ending 30 June 2025.  

A total refundable cash deposit of RM16.0 million that was previously paid by the Company to Kasa Tuah, Borneo Sustainable and Jentayu Capital (being the vendors under the respective Hydro SSA) pursuant to the respective Hydro SSA is refundable in full to the Company in accordance with the Hydro SSA.

4. STATEMENT BY DIRECTORS

The Board (save for Datuk Haji Beroz Nikmal Bin Mirdin and Baevinraj Thiagarajah who are the interested directors for the Proposed Acquisition of Hydro Asset), after having considered all aspects, is of the opinion that the mutual termination of the Hydro SSA is in the best interest of the Company.

5. DOCUMENT FOR INSPECTION

The letters of mutual termination in relation to the Proposed Acquisition of Hydro Asset are available for inspection at the registered office of the Company at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur during normal business hours on Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 17 March 2025.




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 楼主| 发表于 25-3-2025 04:25 AM | 显示全部楼层
JENTAYU SUSTAINABLES BERHAD

Type
Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID
IQL-20032025-00001
Subject
PROPOSED ACQUISITION OF HYDRO ASSET AND PROPOSED ACQUISITION OF SOLAR ASSET (“PROPOSED ACQUISITIONS”)
Description
Reply to Bursa Malaysia Securities Berhad's Query Letter dated 20 March 2025
Query Letter Contents
We refer to JSB’s announcement dated 17 March 2025, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) The status of the Proposed Acquisition of Solar Asset.
2) The total cost incurred for the Proposed Acquisitions, including the details of the amount raised from the various fund raising exercises and transactions in the past including private placements, rights issue and disposal of properties that were utilized for the Proposed Acquisitions.
3) Arising from the termination of the Proposed Acquisitions, to clarify as to how the total cost incurred for the Proposed Acquisitions is accounted for in the Group’s financial statements.
4) The financial and operational effects to the Group taking into consideration of the above.
Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 17 March 2025 in relation to the Proposed Acquisitions.The Board of Directors of JSB wishes to announce the additional information in relation to the Proposed Acquisitions as required by Bursa Malaysia Securities Berhad via its letter (ref no: IQL-20032025-00001) dated 20 March 2025.

Please refer to the attachment for the additional information.

This announcement is dated 21 March 2025.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3536946

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 楼主| 发表于 4-5-2025 03:36 PM | 显示全部楼层
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
JENTAYU SUSTAINABLES BERHAD (“JENTAYU SUSTAINABLES” OR THE “COMPANY”)(I)        PROPOSED ACQUISITION OF HYDRO ASSET; AND (II)        PROPOSED ACQUISITION OF SOLAR ASSET(COLLECTIVELY REFERRED TO AS THE “PROPOSED ACQUISITIONS”)
We refer to the Company’s announcements made on 22 September 2021, 23 September 2021, 26 January 2022, 1 April 2022, 26 August 2022, 3 October 2022, 3 April 2023, 4 April 2023, 26 July 2023, 1 November 2023, 3 November 2023, 21 March 2024, 27 March 2024, 29 March 2024, 2 September 2024, 25 September 2024, 22 January 2025, 17 March 2025, and 21 March 2025 in relation to the Proposed Acquisitions (“Announcements”). For consistency purposes, the abbreviations used in this Announcement shall carry the same meaning as those previously defined in the Announcements unless otherwise defined herein.

1. INTRODUCTION

Pursuant to the Solar SSA dated 22 September 2021 as well as the supplement agreements to the Solar SSA dated 31 March 2022, 30 September 2022, 4 April 2023, 29 March 2024 and 25 September 2024 in relation to the sale and purchase of the entire equity interest in Jentayu Solar, the parties are required to meet the conditions precedent under the Solar SSA on or before the Solar SSA CP Fulfilment Date, i.e. 31 March 2025.

As at the date of this announcement, the conditions precedent have not been fully satisfied.

Pursuant thereto, the Company wishes to announce that it has on 2 April 2025 issued a notice of termination to Jentayu Capital and Seri Panglima in respect of the Proposed Acquisition of Solar Asset to terminate the Solar SSA dated 22 September 2021 as well as the supplement agreements to the Solar SSA dated 31 March 2022, 30 September 2022, 4 April 2023, 29 March 2024 and 25 September 2024 in relation to the sale and purchase of the entire equity interest in Jentayu Solar (“Termination”).

Each party reserves all its rights in relation to the Termination and any rights expressed to survive any termination of the Solar SSA or its supplemental agreements.

2. RATIONALE

Subsequent to the announcement on 22 January 2025 whereby the application for an extension of time of up to 26 March 2025 to implement and complete the Proposed Acquisitions was not approved by the SC, the Solar SSA CP Fulfilment Date expired on 31 March 2025. Given the lapse of the Solar SSA CP Fulfilment Date, the Company decided not to extend the Solar SSA CP Fulfilment Date and to terminate the Solar SSA.

This decision was made in view of the potential additional cost for a new submission to the SC for the Proposed Acquisitions, expected delays, and uncertainty regarding the timeline for the completion of the Proposed Acquisitions, which may in turn result in the Proposed Acquisitions not delivering to its anticipated benefits.

3. FINANCIAL AND LEGAL IMPACTS

Please refer to the announcements dated 17 March 2025 and 21 March 2025 for the financial effects on the termination of the Proposed Acquisitions.

4. STATEMENT BY DIRECTORS

The Board (save for Datuk Haji Beroz Nikmal Bin Mirdin who is the interested director for the Proposed Acquisition of Solar Asset), after having considered all aspects is of the opinion that the Termination is in the best interest of the Group.

5. DOCUMENT FOR INSPECTION

The notice of termination in relation to the Proposed Acquisition of Solar Asset will be available for inspection at the registered office of the Company at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur during normal business hours on Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 2 April 2025.

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 楼主| 发表于 9-5-2025 09:56 AM | 显示全部楼层

Type
Announcement
Subject
OTHERS
Description
JENTAYU SUSTAINABLES BERHAD ("JSB" or "THE COMPANY") - Signing of Power Purchase Agreement With Sabah Electricity For The Development of Two (2) Cascading Run-of-River Hydroelectricity Generating Facilities With An Aggregate Net Capacity Of One Hundred And Sixty-Two (162) Megawatts Located In Hulu Sungai Padas, Sipitang, Sabah
Reference is made to the Company's announcements dated 4 September 2024 and 10 September 2024 in relation to the acceptance of Letter of Notification from the Energy Commission of Sabah for the development of the Project ("Announcements").

JSB wishes to announce that on 14 April 2025, Oriole Hydro Padas Sdn Bhd [Company Registration No. 202101042306 (1442606-D)] (“OHP”) has successfully signed and executed a Power Purchase Agreement (“PPA”) with Sabah Electricity Sdn Bhd (“Sabah Electricity”) for the purpose to design, construct, test, commission, own, operate and maintain a run-of-river hydroelectric generating cascading scheme to be located in the state of Sabah to generate and deliver electrical energy to Sabah Electricity.

Please refer to the attachment for further details.

This announcement is dated 14 April 2025.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3543130
Attachments




Type
Announcement
Subject
OTHERS
Description
JENTAYU SUSTAINABLES BERHAD ("JSB" or "THE COMPANY") - Press Release entitled: Jentayu Sustainables Inks 40-Year Power Purchase Agreement with Sabah Electricity for 162MW Project Oriole
The Board of Directors of JSB wishes to announce the press release entitled: Jentayu Sustainables Inks 40-Year Power Purchase Agreement with Sabah Electricity for 162MW Project Oriole.Please refer to the attachment for details of the announcement.

This announcement is dated 14 April 2025.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3543178
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 楼主| 发表于 23-5-2025 01:55 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
JENTAYU SUSTAINABLES BERHAD ("JSB" or "THE COMPANY") - Press Release entitled: Jentayu Sustainables and Sabah Electricity Hold PPA and EPCC Document Exchange Ceremony for 162MW Project Oriole
The Board of Directors of JSB wishes to announce the press release entitled: Jentayu Sustainables and Sabah Electricity Hold PPA and EPCC Document Exchange Ceremony for 162MW Project Oriole.

Please refer to the attachment for details of the announcement.

This announcement is dated 30 April 2025.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3550078

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 楼主| 发表于 15-7-2025 12:34 AM | 显示全部楼层
JENTAYU SUSTAINABLES BERHAD

Date of change
02 May 2025
Name
DATUK HAJI BEROZ NIKMAL BIN MIRDIN
Age
47
Gender
Male
Nationality
Malaysia
Type of change
Redesignation
Previous Position
Executive Chairman
New Position
Group Managing Director
Directorate
Executive
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information

Working experience and occupation
N/A
Family relationship with any director and/or major shareholder of the listed issuer
N/A
Any conflict of interests that he/she has with the listed issuer
N/A
Details of any interest in the securities of the listed issuer or its subsidiaries
Direct: 19,532,500 ordinary shares, 9,692,850 warrants Indirect: 63,528,900 ordinary shares





Date of change
02 May 2025
Name
ENCIK ABDUL HALIM BIN JANTAN
Age
67
Gender
Male
Nationality
Malaysia
Type of change
Redesignation
Previous Position
Independent Director
New Position
Chairman
Directorate
Independent and Non Executive
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information

Working experience and occupation
N/A
Family relationship with any director and/or major shareholder of the listed issuer
N/A
Any conflict of interests that he/she has with the listed issuer
N/A
Details of any interest in the securities of the listed issuer or its subsidiaries
Jentayu Sustainables BerhadDirect Interest: 2,650,000 Ordinary Shares




Date of change
02 May 2025
Name
MR BAEVINRAJ THIAGARAJAH
Age
50
Gender
Male
Nationality
Malaysia
Designation
Chief Executive Officer
Directorate
Executive
Type of change
Resignation
Reason
To step down as Chief Executive Officer and assume the role as Internal Advisor in the Company





Type
Announcement
Subject
OTHERS
Description
JENTAYU SUSTAINABLES BERHAD ("JSB" or "THE COMPANY") - Press Release entitled: Jentayu Sustainables Announces Management Restructuring
The Board of Directors of JSB wishes to announce the press release entitled: Jentayu Sustainables Announces Management Restructuring.

Please refer to the attachment for details of the announcement.

This announcement is dated 2 May 2025.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3550636

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