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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petards Group Plc | LSE:PEG | London | Ordinary Share | GB00B4YL8F73 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.50 | 7.00 | 8.00 | 7.50 | 7.50 | 7.50 | 25 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Security Systems Service | 9.42M | -1.05M | -0.0173 | -4.34 | 4.55M |
RNS Number:2686E Petaling Tin Berhad 26 November 2002 Attached herewith is the announcement released to the Kuala Lumpur Stock Exchange on 26 November 2002 for your attention. * Subject: Valuation of Fixed Assets * Contents :- 1. Introduction Petaling Tin Berhad ("PTB") wishes to announce that a valuation exercise has been conducted on the following assets to assess the carrying value of the assets to comply with the Malaysian Accounting Standards Board ("MASB") 23 in respect of Impairment of Assets:- a. plant and machinery belonging to PTB Clay Products Sdn Bhd ("PTBCP"), a wholly owned subsidiary of PTB, located at Tempat of Seri Cheeding, Mukim of Tanjong Duabelas, State of Selangor Darul Ehsan ("PTBCP Plant & Machinery"); and b. a detached factory belonging to PTBCP ("PTBCP Building") and vacant land belonging to PTB ("PTB Land"), both located and held within H.S. (M) 2377 (P.T. 548) & H.S.(M) 2376 (P.T. 547), Tempat of Seri Cheeding, Mukim of Tanjong Duabelas, State of Selangor Darul Ehsan. 2. Approvals The valuation is not subject to the approval of the Securities Commission or any other relevant authorities. 3. Value placed on the assets by the Valuer & Revaluation Surplus/ (Deficit) PTB LAND PTBCP BUILDING PTBCP PLANT & PTB GROUP TOTAL MACHINERY RM RM RM RM Net Book Value 2.00 4,118,540.00 7,988,067.00 12,106,609.00 as at 31.10.2002 Value placed by Valuer 1,960,000.00 4,000,000.00 7,443,000.00 13,403,000.00 Estimated Revaluation 1,959,998.00 (118,540.00) (545,067.00) 1,296,391.00 Surplus/(Deficit) Impairment (Loss)/Surplus Not Applicable (120,000.00) (545,000.00) (665,000.00) to be recognised in the financial statements for the year ended 31.10.2002 4. Effect on the Net Tangible Assets ("NTA") per share of the Group The impairment loss which will be incorporated in the audited financial statements for the year ended 31 October 2002 will not have material effect on the NTA per share of the Group. 5. Name of the Valuer The valuer engaged for the said valuation exercise was Messrs Henry Butcher, Lim & Long Sdn Bhd. 6. Date of Valuation The valuation of PTBCP Plant & Machinery and PTB Land & PTBCP Building are both dated 26 November 2002. This information is provided by RNS The company news service from the London Stock Exchange END MSCFEDSUMSESEEF
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