August 30, 2012

Company announcements: SEAL, UMLAND, TWSCORP, BIPORT, HIBISCS, PELIKAN, DIJACOR

SEAL - Material Litigation

Announcement Type: General Announcement
Company NameSEAL INCORPORATED BERHAD  
Stock Name SEAL  
Date Announced30 Aug 2012  
CategoryGeneral Announcement
Reference NoSI-120830-59822

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDZO-120829-58722
SubjectMaterial Litigation
DescriptionNotice of Demand
Query Letter Contents We refer to your Company's announcement dated 28 August 2012 in respect of the
aforesaid matter.

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

1. The date of the presentation of the statutory demand to the court.

2 .The particulars of the claim under the statutory demand, including the
amount claimed for under the statutory demand and the interest rate.

3. The details of the default or circumstances leading to the serving of the
statutory demand against Great Eastern Mills Berhad ("GEM").

4. Whether GEM is a major subsidiary.

5. The total cost of investment in GEM.

6. The expected losses, if any arising from the statutory demand.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully



SUZALINA HARUN
Head, Issuers
Listing Division
Regulation


copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)

1.������ There is no presentation of statutory demand to the court.

2.������ The solicitors of Timber Employees Union, Peninsular Malaysia ("the Union"), enclosing a statutory demand pursuant to Section 218 of the Companies Act 1965 (Act 125), claiming the sum of RM4,976,531.18 to be settled within twenty one (21) days from the date of receipt of the notice.

3.������ On 20 January 2005, Great Eastern Mills Berhad (“GEM”), had entered into a settlement agreement with the Union for the claim of RM4,989,877.98 being termination benefit, notice pay, pro-rated bonuses and payment in lieu of annual leave for 472 employees of GEM. GEM had received a letter of award dated 13 April 2006 from the Industrial Court. Settlement of the claim commenced upon re-commencement of logging operations of GEM and with the condition that GEM makes profits from the logging operations. As at 30 June 2008, total repayment amounting to RM13,346.80 has been made.

On 20 August 2008, GEM had further entered into an agreement with the Union to allocate 2,000 acres of concession quota to the Union as full and final settlement of the claims against GEM.

The solicitors of the Union have failed to disclose the Agreement dated 20 August 2008 to Industrial Court and an order of Non-Compliance lodged is unlawful.

4.������ GEM is 60% owned subsidiary of Seal Incorporated Berhad (“SEAL” or “the Company”).

5.������ As at to date, total cost of investment in GEM was RM6,759,250.

6.������ No losses are expected as the Company has a good chance to succeed in defending the claim and will file an application for injunction restraining the Union from carrying out the winding up action on the ground that all outstanding debts have been fully settled by way of acceptance of 2,000 acres of concession quota by the Union.

This announcement is dated 30 August 2012



UMLAND - Quarterly rpt on consolidated results for the financial period ended 30/6/2012

Announcement Type: Financial Results
Company NameUNITED MALAYAN LAND BERHAD  
Stock Name UMLAND  
Date Announced30 Aug 2012  
CategoryFinancial Results
Reference NoUM-120829-63427

Financial Year End31/12/2012
Quarter2
Quarterly report for the financial period ended30/06/2012
The figureshave not been audited

Attachments

UML-2Q2012.pdf
3149 KB


Remarks :
This announcement is dated 30 August 2012
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2012
30/06/2011
30/06/2012
30/06/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
65,412
74,644
117,010
156,846
2Profit/(loss) before tax
15,410
13,762
17,631
35,217
3Profit/(loss) for the period
10,440
11,244
11,204
27,263
4Profit/(loss) attributable to ordinary equity holders of the parent
9,517
10,250
9,653
24,219
5Basic earnings/(loss) per share (Subunit)
3.16
3.40
3.20
8.03
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 ($$)
3.0200
3.0400
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


TWSCORP - General Announcement

Announcement Type: General Announcement
Company NameTRADEWINDS CORPORATION BERHAD  
Stock Name TWSCORP  
Date Announced30 Aug 2012  
CategoryGeneral Announcement
Reference NoTC-120827-58177

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED DISPOSAL OF 270.285 ACRES OF FREEHOLD LAND IN NUSAJAYA, JOHOR BY THR HOTEL (KL) SDN BHD (“THRKL”) TO CASA SEROJA SDN BHD (“CSSB”) FOR RM235,472,292 ("PURCHASE PRICE")
Introduction

The Board of Directors of Tradewinds Corporation Berhad ("TCB") wishes to announce that on 30 August 2012, THRKL, a wholly-owned subsidiary of TCB had entered into a Sale and Purchase Agreement ("SPA") with CSSB to dispose 270.285 acres of its freehold land in Johor (“the Land”) for a cash consideration of RM235,472,292 (“Proposed Disposal”).

Full details of the Announcement is attached.

This Announcement is dated 30 August 2012.





BIPORT - Second interim dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameBINTULU PORT HOLDINGS BERHAD  
Stock Name BIPORT  
Date Announced30 Aug 2012  
CategoryEntitlements (Notice of Book Closure)
Reference NoBP-120829-52668

EX-date19/09/2012
Entitlement date21/09/2012
Entitlement time05:00:00 PM
Entitlement subjectSecond interim dividend
Entitlement descriptionSecond Interim Single Tier Dividend of 7.50 sen per share (previous corresponding period: Single Tier Dividend of 7.50 sen per share)
Period of interest payment to
Financial Year End31/12/2012
Share transfer book & register of members will be 21/09/2012 to 21/09/2012 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noTricor Investor Services Sdn. Bhd.
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Malaysia

Telephone No: 03-2264 3883
Fax No: 03-2282 1886
Emails: is.enquiry@my.tricorglobal.com
Payment date 09/10/2012
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers21/09/2012 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.075

Remarks :
Second Interim Single Tier Dividend of 7.50 sen per share (previous corresponding period: Single Tier Dividend of 7.50 sen per share)


BIPORT - Quarterly rpt on consolidated results for the financial period ended 30/6/2012

Announcement Type: Financial Results
Company NameBINTULU PORT HOLDINGS BERHAD  
Stock Name BIPORT  
Date Announced30 Aug 2012  
CategoryFinancial Results
Reference NoBP-120829-51229

Financial Year End31/12/2012
Quarter2
Quarterly report for the financial period ended30/06/2012
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2012
30/06/2011
30/06/2012
30/06/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
119,519
119,257
250,768
241,215
2Profit/(loss) before tax
34,057
40,370
93,889
95,265
3Profit/(loss) for the period
38,988
31,234
82,747
71,696
4Profit/(loss) attributable to ordinary equity holders of the parent
38,988
31,234
82,747
71,696
5Basic earnings/(loss) per share (Subunit)
9.75
7.81
20.69
17.92
6Proposed/Declared dividend per share (Subunit)
7.50
7.50
7.50
7.50


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 ($$)
1.6325
1.6506
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


HIBISCS - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameHIBISCUS PETROLEUM BERHAD  
Stock Name HIBISCS  
Date Announced30 Aug 2012  
CategoryGeneral Announcement
Reference NoML-120830-66314

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionHIBISCUS PETROLEUM BERHAD (“HIBISCUS PETROLEUM”)
• Proposed Private Placement of CRPS

We refer to the announcements dated 2 August 2012, 3 August 2012, 6 August 2012 and 15 August 2012 in relation to the Proposed Private Placement of CRPS. Unless stated otherwise, the abbreviations used hereafter throughout this announcement shall have the same meanings as defined in the announcement dated 2 August 2012.

On behalf of Hibiscus Petroleum, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had resolved, via its letter dated 30 August 2012, to approve the listing and quotation for up to 131,250,000 new ordinary shares of RM0.01 each in Hibiscus Petroleum to be issued upon the conversion of the CRPS subject to the following conditions:-

(1)������� Hibiscus Petroleum to furnish Bursa Securities with a certified true copy of the resolution passed by the shareholders at the extraordinary general meeting for the Proposed Private Placement of CRPS;

(2)������� Confirmation from HLIB that all approvals required from the relevant authorities for the Proposed Private Placement of CRPS has been obtained;

(3)������� To furnish a copy of the approval letter from Bank Negara Malaysia for the Proposed Private Placement of CRPS; and

(4)������� To incorporate Bursa Securities’ comments in respect of the draft circular to shareholders.

This announcement is dated 30 August 2012.



PELIKAN - Changes in Sub. S-hldr's Int. (29B) - Dato' Haji Md Yusoff @ Mohd Yusoff Bin Jaafar

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePELIKAN INTERNATIONAL CORPORATION BERHAD  
Stock Name PELIKAN  
Date Announced30 Aug 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPI-120829-206C4

Particulars of substantial Securities Holder

NameDato' Haji Md Yusoff @ Mohd Yusoff Bin Jaafar
Address47, Jalan USJ 9/3E
Subang Jaya
47620 Selangor Darul Ehsan
NRIC/Passport No/Company No.470510-07-5675
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderPersada Bina Sdn. Bhd. and nominee companies
No. 16, Jalan Pendidik U1/31
Hicom Glenmarie Industrial Park
40150 Shah Alam
Selangor Darul Ehsan

Kaypitech Sdn. Bhd. and nominee companies
No. 16, Jalan Pendidik U1/31
Hicom Glenmarie Industrial Park
40150 Shah Alam
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/08/2012
258,900
 
Disposed23/08/2012
1,000
 
Acquired27/08/2012
10,000
 
Acquired28/08/2012
12,100
 
Disposed28/08/2012
88,900
 
Disposed29/08/2012
170,000
 

Circumstances by reason of which change has occurredAcquisition of 281,000 shares and disposal of 259,900 shares by Persada Bina Sdn. Bhd. and nominee companies (deemed interested pursuant to Section 6A(4)(c) of the Companies Act, 1965 by virtue of shareholdings in Persada Bina Sdn. Bhd.).
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)32,836,925 
Indirect/deemed interest (%)6.56 
Total no of securities after change32,836,925
Date of notice30/08/2012


PELIKAN - Changes in Sub. S-hldr's Int. (29B) - Persada Bina Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePELIKAN INTERNATIONAL CORPORATION BERHAD  
Stock Name PELIKAN  
Date Announced30 Aug 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPI-120829-206DF

Particulars of substantial Securities Holder

NamePersada Bina Sdn. Bhd.
AddressNo. 16, Jalan Pendidik U1/31
Hicom Glenmarie Industrial Park
40150 Shah Alam
Selangor Darul Ehsan
NRIC/Passport No/Company No.267368-W
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderPersada Bina Sdn. Bhd. and nominee companies
No. 16, Jalan Pendidik U1/31
Hicom Glenmarie Industrial Park
40150 Shah Alam
Selangor Darul Ehsan

Kaypitech Sdn. Bhd. and nominee companies
No. 16, Jalan Pendidik U1/31
Hicom Glenmarie Industrial Park
40150 Shah Alam
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/08/2012
258,900
 
Disposed23/08/2012
1,000
 
Acquired27/08/2012
10,000
 
Acquired28/08/2012
12,100
 
Disposed28/08/2012
88,900
 
Disposed29/08/2012
170,000
 

Circumstances by reason of which change has occurredAcquisition of 281,000 shares and disposal of 259,900 shares through Bursa Malaysia Securities Berhad.
Nature of interestDirect
Direct (units)32,464,875 
Direct (%)6.48 
Indirect/deemed interest (units)372,050 
Indirect/deemed interest (%)0.07 
Total no of securities after change32,836,925
Date of notice30/08/2012


PELIKAN - Changes in Sub. S-hldr's Int. (29B) - Jason Young Cher Chiat

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePELIKAN INTERNATIONAL CORPORATION BERHAD  
Stock Name PELIKAN  
Date Announced30 Aug 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPI-120829-206E0

Particulars of substantial Securities Holder

NameJason Young Cher Chiat
Address33, Jalan SS17/3A
Subang Jaya
47500 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.740606-14-5567
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderPersada Bina Sdn. Bhd. and nominee companies
No. 16, Jalan Pendidik U1/31
Hicom Glenmarie Industrial Park
40150 Shah Alam
Selangor Darul Ehsan

Kaypitech Sdn. Bhd. and nominee companies
No. 16, Jalan Pendidik U1/31
Hicom Glenmarie Industrial Park
40150 Shah Alam
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/08/2012
258,900
 
Disposed23/08/2012
1,000
 
Acquired27/08/2012
10,000
 
Acquired28/08/2012
12,100
 
Disposed28/08/2012
88,900
 
Disposed29/08/2012
170,000
 

Circumstances by reason of which change has occurredAcquisition of 281,000 shares and disposal of 259,900 shares by Persada Bina Sdn. Bhd. and nominee companies (deemed interested pursuant to Section 6A(4)(c) of the Companies Act, 1965 by virtue of shareholdings in Persada Bina Sdn. Bhd.).
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)32,836,925 
Indirect/deemed interest (%)6.56 
Total no of securities after change32,836,925
Date of notice30/08/2012


DIJACOR - Rights Issue

Announcement Type: Entitlements (Notice of Book Closure)
Company NameDIJAYA CORPORATION BERHAD  
Stock Name DIJACOR  
Date Announced30 Aug 2012  
CategoryEntitlements (Notice of Book Closure)
Reference NoMI-120830-59489

EX-date12/09/2012
Entitlement date14/09/2012
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRenounceable rights issue of up to 491,302,655 new ordinary shares of RM1.00 each in Dijaya (“Dijaya Shares”)(“Rights Shares”) at an issue price of RM1.20 per Rights Share, together with an attached bonus issue of 122,825,664 new Dijaya Shares (“Bonus Shares”) on the basis of four (4) Rights Shares for every five (5) existing Dijaya Shares held at 5.00 p.m. on 14 September 2012 and one (1) Bonus Share for every 4 Rights Shares subscribed for
Period of interest payment to
Financial Year End
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 noSymphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Malaysia

Tel: 03-7849 077
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers14/09/2012 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorRatio
Ratio 4 : 5
Rights Issues/Offer Price 1.2

Remarks :
The final number of the Rights Shares with attached Bonus Shares to be issued will depend on the issued and paid-up share capital of Dijaya on 14 September 2012.

The Rights Shares with attached Bonus Shares shall be provisionally allotted to the entitled shareholders of Dijaya whose names appear in the Record of Depositors of Dijaya as at 5.00 p.m. on 14 September 2012 (“Entitled Shareholders”).

The Abridged Prospectus, together with the Notice of Provisional Allotment and Rights Subscription Form (collectively, “Documents”), will be despatched to the Entitled Shareholders not later than two (2) market days from the Entitlement Date 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 14 September 2012.

The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia and no action will be taken to ensure that the Rights Issue with attached Bonus Shares and the Documents comply with the laws of any countries or jurisdictions other than the laws of Malaysia.

This announcement is dated 30 August 2012.


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