Media Chinese International Ltd · HKEX:685
Media Chinese International — Investor Presentation (October 2012)
12 slides from Media Chinese International's investor presentation, Oct 19, 2012
Slide 1: Presentation to the Shareholders of Media Chinese International Limited
PRESENTATION TO THE SHAREHOLDERS OF MEDIA CHINESE INTERNATIONAL LIMITED - Proposed Capital Reduction - Proposed Dividend (collectively referred to as “Proposals”) 19 October 2012
Slide 2: Definitions
DEFINITIONS Unless stated otherwise, all definitions used in this presentation are based on definitions in the Company’s circular to shareholders dated 25 September 2012 pertaining to the Proposals. The exchange rates used in this presentation are based on the exchange rates as per the Company’s ann
Slide 3: Contents
CONTENTS DETAILS OF THE PROPOSALS RATIONALE FOR THE PROPOSALS EFFECTS OF THE PROPOSALS CONDITIONS TENTATIVE TIMETABLE Q&A 3
Slide 4: Details of the Proposals
DETAILS OF THE PROPOSALS ENTITLED SHAREHOLDERS Proposed Dividend 3 Approx. USD62.79 million Approx. USD156.99 million (equivalent to approx. RM200.00 (equivalent to approx. RM500.00 million or HKD486.98 million) million or HKD1,217.43 million) INTERNAL FUNDS NEW BANK BORROWINGS CONTRIBUTED SURPLUS S
Slide 5: Rationale for the Proposals
RATIONALE FOR THE PROPOSALS EFFECTIVE Current capital structure mainly funded by equity capital with negligible CAPITAL gearing MANAGEMENT Achieve efficient capital management system by introducing an appropriate amount of debt into the Company’s capital base Return some equity capital to Shareholde
Slide 6: Effects of the Proposals
EFFECTS OF THE PROPOSALS BEFORE AFTER Share Capital USD21.715 million No effect Substantial Shareholders’ Shareholdings N/A No effect Net Assets per Share USD0.25 (RM0.75) USD0.11 (RM0.34) Net Gearing (times) - 0.47 Earnings (PAT) USD63.21 million USD53.85 million* ROE 15.28% 27.89% Dividend Policy
Slide 7: Conditions
CONDITIONS STATUS 1. Shareholders’ approval Subject matter of today’s SGM 2. Compliance with the requirements of Section 46(2) of the Companies Act: Complied. The notice -publication of a notice of the Proposed Capital Reduction in an appointed was published in The newspaper in Bermuda on a date no
Slide 8: Tentative Timetable
TENTATIVE TIMETABLE EVENT TENTATIVE TIMING SGM for the Proposals 19 October 2012 Announcement of the Entitlement Date 19 October 2012 Payment to the Entitled Shareholders 28 November 2012 8
Slide 9: Q&A: Questions from Minority Shareholder Watchdog Group
Q&A QUESTIONS FROM MINORITY SHAREHOLDER WATCHDOG GROUP (“MSWG”) VIA LETTER DATED 9 OCTOBER 2012 9
Slide 10: Q&A- MSWG (Cont'd)
Q&A- MSWG (Cont’d) Question Response 1. Notwithstanding the Proposals’ The main objective of the Company undertaking the Proposals is to have merits of returning cash to an efficient capital management system. With a current capital structure shareholders, the Proposals are which is mainly funded by
Slide 11: Q&A- MSWG (Cont'd)
Q&A- MSWG (Cont’d) Questions Response 2. As indicated in the Circular to The decline in net assets attributable to equity holders of the Company Shareholders, the Proposals have per Share to USD0.11 is due to the Proposed Capital Reduction and resulted in the decline in the Proposed Dividend. To imp
Slide 12: Thank You
THANK YOU 12
Media Chinese International — Investor Presentation (October 2012) on 6ix