HIAPTEK - General Announcement
Announcement Type: General Announcement
Company Name: HIAP TECK VENTURE BERHAD
Stock Name: HIAPTEK
Date Announced: 26/07/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-110722-57506
Subject: 1) Engineering and Procurement Contract and Construction Contract for the construction of an Integrated Steel Mill
2) Co-operation Agreement
Description: HIAP TECK VENTURE BERHAD ("HIAP TECK" or "COMPANY")
- Engineering and Procurement Contract and Construction Contract for the Construction of an Integrated Steel Mill
- Co-operation Agreement
Query Letter content: We refer to the Company's announcements dated 21 and 22 July 2011, in respect
of the aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
1) Engineering and Procurement Contract
1. The total capital and financial commitment required for the entire Project
Plant;
2. Where a feasibility report in relation to the Project Plant has been
commissioned, the name of the expert who prepared the report and a brief
conclusion of the report. To state also the time and place where such report
may be inspected;
3. The risk factors in relation to the Project Plant including but not limited
to investment risks, operational risks, etc;
4. Prospects of the Project Plant and the steel industry;
5. The expected commencement and completion date of the Project Plant and
expected commencement date of operation;
6. Whether Eastern Steel Sdn Bhd or your Company has the requisite expertise in
the running of the operation of the Project Plant;
7. Breakdown of funding to finance the Project Plant;
8. Further information on China Shougang International Trade and Engineering
Corporation ("China Shougang") including but not limited to the financial
information, name of major shareholders and directors together with their
shareholdings and description of the major projects undertaken/ completed; and
9. A statement to confirm whether the investment in the Project Plant signifies
the diversification in operations by your Company pursuant to Paragraph 10.13
of the Main Market Listing Requirements and the reason/ basis thereof.
2) Co-operation Agreement
1. Roles and responsibilities of Chinaco Investment Pte Ltd in the Co-operation
Agreement;
2. The relationship between China Shougang and Shougang International
(Singapore) Pte Ltd ("Shougang Singapore"), and whether Shougang Singapore is
the nominated affiliate of China Shougang for the purpose of the issuance of
the Placement Shares; and
3. The rationale for your Company to grant an option for Oriental Steel ("SG
Option") to acquire the Eastern Steel shares to reach shareholdings level of
70% in Eastern Steel.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/NAE
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Attachments: HTVB-Announcement - EPC Contracts.pdf
Company Name: HIAP TECK VENTURE BERHAD
Stock Name: HIAPTEK
Date Announced: 26/07/2011
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-110722-57506
Subject: 1) Engineering and Procurement Contract and Construction Contract for the construction of an Integrated Steel Mill
2) Co-operation Agreement
Description: HIAP TECK VENTURE BERHAD ("HIAP TECK" or "COMPANY")
- Engineering and Procurement Contract and Construction Contract for the Construction of an Integrated Steel Mill
- Co-operation Agreement
Query Letter content: We refer to the Company's announcements dated 21 and 22 July 2011, in respect
of the aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
1) Engineering and Procurement Contract
1. The total capital and financial commitment required for the entire Project
Plant;
2. Where a feasibility report in relation to the Project Plant has been
commissioned, the name of the expert who prepared the report and a brief
conclusion of the report. To state also the time and place where such report
may be inspected;
3. The risk factors in relation to the Project Plant including but not limited
to investment risks, operational risks, etc;
4. Prospects of the Project Plant and the steel industry;
5. The expected commencement and completion date of the Project Plant and
expected commencement date of operation;
6. Whether Eastern Steel Sdn Bhd or your Company has the requisite expertise in
the running of the operation of the Project Plant;
7. Breakdown of funding to finance the Project Plant;
8. Further information on China Shougang International Trade and Engineering
Corporation ("China Shougang") including but not limited to the financial
information, name of major shareholders and directors together with their
shareholdings and description of the major projects undertaken/ completed; and
9. A statement to confirm whether the investment in the Project Plant signifies
the diversification in operations by your Company pursuant to Paragraph 10.13
of the Main Market Listing Requirements and the reason/ basis thereof.
2) Co-operation Agreement
1. Roles and responsibilities of Chinaco Investment Pte Ltd in the Co-operation
Agreement;
2. The relationship between China Shougang and Shougang International
(Singapore) Pte Ltd ("Shougang Singapore"), and whether Shougang Singapore is
the nominated affiliate of China Shougang for the purpose of the issuance of
the Placement Shares; and
3. The rationale for your Company to grant an option for Oriental Steel ("SG
Option") to acquire the Eastern Steel shares to reach shareholdings level of
70% in Eastern Steel.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/NAE
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Attachments: HTVB-Announcement - EPC Contracts.pdf
TAKASO - Rights Issue
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: PM SECURITIES SDN BHD
Company Name: TAKASO RESOURCES BERHAD
Stock Name: TAKASO
Date Announced: 26/07/2011
Announcement Detail:
EX-date: 08/08/2011
Entitlement date: 10/08/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Rights Issue
Entitlement description: RENOUNCEABLE RIGHTS ISSUE OF UP TO 141,215,940 NEW ORDINARY SHARES OF RM0.25 EACH IN TAKASO RESOURCES BERHAD("TRB") ("TRB SHARES") ("RIGHTS SHARES") ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY ONE (1) EXISTING TRB SHARE TOGETHER WITH UP TO 84,729,564 FREE DETACHABLE NEW WARRANTS ("WARRANTS") ON THE BASIS OF THREE (3) WARRANTS FOR EVERY FIVE (5) RIGHTS SHARES SUBSCRIBED AT 5.00 P.M. ON 10 AUGUST 2011 AT AN ISSUE PRICE OF RM0.35 PER RIGHTS SHARE
Period of interest payment: to
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Tel: 03-7841 8000
Fax: 03-7841 8151
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 10/08/2011
Number of new shares/securities issued (units) (If applicable): 141215940
Entitlement indicator: Ratio
Ratio: 3 : 1
Rights Issues/Offer Price: 0.35
Remarks: The Abridged Prospectus together with the notice of provisional allotment and rights subscription form (collectively, "Documents"), are only despatched to shareholders whose names appear on the Record of Depositors as at 5.00 p.m. on 10 August 2011 ("Entitled Shareholders") at their address in Malaysia or who have provided the share registrar with an address in Malaysia in writing by 5.00 p.m. on 10 August 2011.
The Documents will not be despatched to the Entitled Shareholders who have not provided an address in Malaysia.
Entitled Shareholders who are without an address for the service of Documents in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers and the share registrar, Symphony Share Registrars Sdn Bhd to effect the change of address prior to 10 August 2011.
Pursuant to the Rights Issue of Shares with Warrants, the exercise price of the existing 5,883,992 outstanding warrants 2003/2013 ("Existing Warrants") held by a warrantholder of TRB as at 5.00 p.m. on the entitlement date shall be indicatively adjusted downwards from RM1.00 to RM0.89 ("Indicative Adjusted Exercise Price"). The Indicative Adjusted Exercise Price shall take effect on the market day following the entitlement date, as specified above.
In addition, a warrantholder of TRB will be entitled to an additional 11.736 Existing Warrants (indicative), on an individual basis, for every 100 Existing Warrants held by such warrantholder as at 5.00 p.m. on the entitlement date as specified above.
The exact adjustment in the exercise price and the number of additional Existing Warrants to be issued can only be finalised after the closing date for the application and acceptances for the Rights Shares based on the subscription rate of the Rights Shares.
The relevant notice in relation to the above adjustments shall be dispatched to the warrantholders in due course.
The warrantholders who exercise their rights to subscribe for the ordinary shares in TRB by lodging their duly completed exercise forms for the Existing Warrants together with the relevant subscription monies with the company's share registrar (at the address stated above) by 5.00 p.m. on the entitlement date, will be entitled to the Rights Shares.
The warrantholders who do not exercise their rights to subscribe for the ordinary shares in TRB by 5.00 p.m. on the entitlement date and whose name appear in the Record of Depositors for the Existing Warrants of TRB by 5.00 p.m. on the entitlement date shall be entitled to the above adjustments. The adjustments will only be finalized on the entitlement date and will be effective on the following market day thereafter. A notification to the warrantholders setting the above adjustments (including the basis of entitlement for the additional numbers of new Existing Warrants to be issued) will be dispatched by TRB within twenty-one (21) days after its finalization.
This announcement is dated 26 July 2011.
Submitting Merchant Bank: PM SECURITIES SDN BHD
Company Name: TAKASO RESOURCES BERHAD
Stock Name: TAKASO
Date Announced: 26/07/2011
Announcement Detail:
EX-date: 08/08/2011
Entitlement date: 10/08/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Rights Issue
Entitlement description: RENOUNCEABLE RIGHTS ISSUE OF UP TO 141,215,940 NEW ORDINARY SHARES OF RM0.25 EACH IN TAKASO RESOURCES BERHAD("TRB") ("TRB SHARES") ("RIGHTS SHARES") ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY ONE (1) EXISTING TRB SHARE TOGETHER WITH UP TO 84,729,564 FREE DETACHABLE NEW WARRANTS ("WARRANTS") ON THE BASIS OF THREE (3) WARRANTS FOR EVERY FIVE (5) RIGHTS SHARES SUBSCRIBED AT 5.00 P.M. ON 10 AUGUST 2011 AT AN ISSUE PRICE OF RM0.35 PER RIGHTS SHARE
Period of interest payment: to
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Tel: 03-7841 8000
Fax: 03-7841 8151
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 10/08/2011
Number of new shares/securities issued (units) (If applicable): 141215940
Entitlement indicator: Ratio
Ratio: 3 : 1
Rights Issues/Offer Price: 0.35
Remarks: The Abridged Prospectus together with the notice of provisional allotment and rights subscription form (collectively, "Documents"), are only despatched to shareholders whose names appear on the Record of Depositors as at 5.00 p.m. on 10 August 2011 ("Entitled Shareholders") at their address in Malaysia or who have provided the share registrar with an address in Malaysia in writing by 5.00 p.m. on 10 August 2011.
The Documents will not be despatched to the Entitled Shareholders who have not provided an address in Malaysia.
Entitled Shareholders who are without an address for the service of Documents in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers and the share registrar, Symphony Share Registrars Sdn Bhd to effect the change of address prior to 10 August 2011.
Pursuant to the Rights Issue of Shares with Warrants, the exercise price of the existing 5,883,992 outstanding warrants 2003/2013 ("Existing Warrants") held by a warrantholder of TRB as at 5.00 p.m. on the entitlement date shall be indicatively adjusted downwards from RM1.00 to RM0.89 ("Indicative Adjusted Exercise Price"). The Indicative Adjusted Exercise Price shall take effect on the market day following the entitlement date, as specified above.
In addition, a warrantholder of TRB will be entitled to an additional 11.736 Existing Warrants (indicative), on an individual basis, for every 100 Existing Warrants held by such warrantholder as at 5.00 p.m. on the entitlement date as specified above.
The exact adjustment in the exercise price and the number of additional Existing Warrants to be issued can only be finalised after the closing date for the application and acceptances for the Rights Shares based on the subscription rate of the Rights Shares.
The relevant notice in relation to the above adjustments shall be dispatched to the warrantholders in due course.
The warrantholders who exercise their rights to subscribe for the ordinary shares in TRB by lodging their duly completed exercise forms for the Existing Warrants together with the relevant subscription monies with the company's share registrar (at the address stated above) by 5.00 p.m. on the entitlement date, will be entitled to the Rights Shares.
The warrantholders who do not exercise their rights to subscribe for the ordinary shares in TRB by 5.00 p.m. on the entitlement date and whose name appear in the Record of Depositors for the Existing Warrants of TRB by 5.00 p.m. on the entitlement date shall be entitled to the above adjustments. The adjustments will only be finalized on the entitlement date and will be effective on the following market day thereafter. A notification to the warrantholders setting the above adjustments (including the basis of entitlement for the additional numbers of new Existing Warrants to be issued) will be dispatched by TRB within twenty-one (21) days after its finalization.
This announcement is dated 26 July 2011.
TAKASO-WA - Entitlement - Others
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: PM SECURITIES SDN BHD
Company Name: TAKASO RESOURCES BERHAD
Stock Name: TAKASO-WA
Date Announced: 26/07/2011
Announcement Detail:
EX-date: 08/08/2011
Entitlement date: 10/08/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: Adjustments to the exercise price and number of outstanding warrants 2003/2013 in Takaso Resources Berhad ("TRB") ("Existing Warrants") resulting from the renounceable rights issue of up to 141,215,940 new ordinary shares of RM0.25 each in TRB ("Rights Shares") on the basis of three (3) Rights Shares for every one (1) existing ordinary shares of RM0.25 each in TRB together with 84,729,564 free detachable warrants ("Warrants") on the basis of three (3) Warrants for every five (5) Rights Shares subscribed by the entitled shareholders of TRB as at 5.00 p.m. on 10 August 2011, at an issue price of RM0.35 per Rights Share ("Rights Issue of Shares with Warrants").
Period of interest payment: to
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Tel : 03-7841 8000
Fax : 03-7841 8151
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 10/08/2011
Entitlement indicator: Ratio
Ratio: 11.736 : 100
Rights Issues/Offer Price: 0
Remarks: Effects of the Rights Issue of Shares with Warrants on the existing 5,883,992 outstanding warrants 2003/2013 ("Existing Warrants").
Pursuant to the Rights Issue of Shares with Warrants, the exercise price of any unexercised Existing Warrants held by a warrantholder of TRB as at 5.00 p.m. on the entitlement date shall be indicatively adjusted downwards from RM1.00 to RM0.89 ("Indicative Adjusted Exercise Price"). The Indicative Adjusted Exercise Price shall take effect on the market day following the entitlement date, as specified above.
In addition, a warrantholder of TRB will be entitled to an additional 11.736 Existing Warrants (indicative), on an individual basis, for every 100 Existing Warrants held by such warrantholder as at 5.00 p.m. on the entitlement date as specified above.
The exact adjustment in the exercise price and the number of additional Existing Warrants to be issued can only be finalised after the closing date for the application and acceptances for the Rights Shares based on the subscription rate of the Rights Shares.
The relevant notice in relation to the above adjustments shall be dispatched to the warrantholders in due course.
The warrantholders who exercise their rights to subscribe for the ordinary shares in TRB by lodging their duly completed exercise forms for the Existing Warrants together with the relevant subscription monies with the company's share registrar (at the address stated above) by 5.00 p.m. on the entitlement date, will be entitled to the Rights Shares.
The warrantholders who do not exercise their rights to subscribe for the ordinary shares in TRB by 5.00 p.m. on the entitlement date and whose name appear in the Record of Depositors for the Existing Warrants of TRB by 5.00 p.m. on the entitlement date shall be entitled to the above adjustments. The adjustments will only be finalized on the entitlement date and will be effective on the following market day thereafter. A notification to the warrantholders setting the above adjustments (including the basis of entitlement for the additional numbers of new Existing Warrants to be issued) will be dispatched by TRB within twenty-one (21) days after its finalization.
The abridged prospectus, together with the rights subscription form and the notice of provisional allotment (collectively referred to as the "Documents") in relation to the Rights Issue of Shares with Warrants, is expected to be dispatched on 12 August 2011 to the entitled ordinary shareholders whose names appear in the Record of Depositors of TRB on 10 August 2011. These Documents will not be dispatched to the entitled shareholders who have not provided an address in Malaysia. Any shareholder who is without a registered address in Malaysia and wishes to provide a Malaysian address should inform their respective stockbrokers to effect the changes of address prior to 10 August 2011.
This announcement is dated 26 July 2011.
Submitting Merchant Bank: PM SECURITIES SDN BHD
Company Name: TAKASO RESOURCES BERHAD
Stock Name: TAKASO-WA
Date Announced: 26/07/2011
Announcement Detail:
EX-date: 08/08/2011
Entitlement date: 10/08/2011
Entitlement time: 05:00:00 PM
Entitlement subject: Others
Entitlement description: Adjustments to the exercise price and number of outstanding warrants 2003/2013 in Takaso Resources Berhad ("TRB") ("Existing Warrants") resulting from the renounceable rights issue of up to 141,215,940 new ordinary shares of RM0.25 each in TRB ("Rights Shares") on the basis of three (3) Rights Shares for every one (1) existing ordinary shares of RM0.25 each in TRB together with 84,729,564 free detachable warrants ("Warrants") on the basis of three (3) Warrants for every five (5) Rights Shares subscribed by the entitled shareholders of TRB as at 5.00 p.m. on 10 August 2011, at an issue price of RM0.35 per Rights Share ("Rights Issue of Shares with Warrants").
Period of interest payment: to
Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Tel : 03-7841 8000
Fax : 03-7841 8151
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 10/08/2011
Entitlement indicator: Ratio
Ratio: 11.736 : 100
Rights Issues/Offer Price: 0
Remarks: Effects of the Rights Issue of Shares with Warrants on the existing 5,883,992 outstanding warrants 2003/2013 ("Existing Warrants").
Pursuant to the Rights Issue of Shares with Warrants, the exercise price of any unexercised Existing Warrants held by a warrantholder of TRB as at 5.00 p.m. on the entitlement date shall be indicatively adjusted downwards from RM1.00 to RM0.89 ("Indicative Adjusted Exercise Price"). The Indicative Adjusted Exercise Price shall take effect on the market day following the entitlement date, as specified above.
In addition, a warrantholder of TRB will be entitled to an additional 11.736 Existing Warrants (indicative), on an individual basis, for every 100 Existing Warrants held by such warrantholder as at 5.00 p.m. on the entitlement date as specified above.
The exact adjustment in the exercise price and the number of additional Existing Warrants to be issued can only be finalised after the closing date for the application and acceptances for the Rights Shares based on the subscription rate of the Rights Shares.
The relevant notice in relation to the above adjustments shall be dispatched to the warrantholders in due course.
The warrantholders who exercise their rights to subscribe for the ordinary shares in TRB by lodging their duly completed exercise forms for the Existing Warrants together with the relevant subscription monies with the company's share registrar (at the address stated above) by 5.00 p.m. on the entitlement date, will be entitled to the Rights Shares.
The warrantholders who do not exercise their rights to subscribe for the ordinary shares in TRB by 5.00 p.m. on the entitlement date and whose name appear in the Record of Depositors for the Existing Warrants of TRB by 5.00 p.m. on the entitlement date shall be entitled to the above adjustments. The adjustments will only be finalized on the entitlement date and will be effective on the following market day thereafter. A notification to the warrantholders setting the above adjustments (including the basis of entitlement for the additional numbers of new Existing Warrants to be issued) will be dispatched by TRB within twenty-one (21) days after its finalization.
The abridged prospectus, together with the rights subscription form and the notice of provisional allotment (collectively referred to as the "Documents") in relation to the Rights Issue of Shares with Warrants, is expected to be dispatched on 12 August 2011 to the entitled ordinary shareholders whose names appear in the Record of Depositors of TRB on 10 August 2011. These Documents will not be dispatched to the entitled shareholders who have not provided an address in Malaysia. Any shareholder who is without a registered address in Malaysia and wishes to provide a Malaysian address should inform their respective stockbrokers to effect the changes of address prior to 10 August 2011.
This announcement is dated 26 July 2011.
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