September 3, 2012

Company announcements: IDEAL, FABER, MUIPROP, THPLANT

IDEAL - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameIDEAL SUN CITY HOLDINGS BERHAD (ACE Market) 
Stock Name IDEAL  
Date Announced3 Sept 2012  
CategoryGeneral Announcement
Reference NoCP-120903-60002

Regularisation SponsorM&A Securities Sdn Bhd
SponsorSame as above
TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionIDEAL SUN CITY HOLDINGS BERHAD (F.K.A. EQUATOR LIFE SCIENCE BERHAD) (“Ideal” or “the Company”)
- Monthly Announcement Pursuant to Guidance Note 5/2006 ("GN5") – Default in Payments

Further to the announcement made on 1 August 2012 pursuant to GN5 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Ideal (“the Board”) wishes to inform that the status of the settlement of debts with the major creditors is as follows:-

  1. Ideal Property Concepts Sdn Bhd (“IPC”) (formerly known as Equator Biotech Sdn. Bhd.) (a wholly-owned subsidiary company of IDEAL) has on 16 March 2012, received a Writ of Summon issued by the Session Court of Muar, Johor Bahru in relation to a claim filed by Malayan Banking Barhad (“MBB”). Maybank has approved & agreed to withdraw the case upon the final settlement of total sum of RM92,000 as the full and final payment on 25 August 2012 via letter dated 11May 2012. Final payment has been made on 25 August 2012, awaiting MBB to withdraw the case during the hearing on 14 September 2012.

  1. RHB Bank Berhad ("RHB")�had on 3 September 2012 issued a letter to IPC to regularized the facility outstanding with RHB into a new term loan amounting to RM5,311,105.35 with monthly repayment of RM105,004.30 over the period of 5 years.

  1. With reference to the settlement of the debt with Orix Credit Malaysia Sdn Bhd, the High Court of Johore Bahru has on 9 January 2012 dismissed the claim of Orix Credit Malaysia Sdn. Bhd. ("Orix")�against IPC and the Company.An appeal has been filed by Orix on 1 February 2012.The Company will make the necessary announcement on further development on this matter, if any.

Provided that :

  1. the settlement with MBB is completed and MBB withdraws the case in the following hearing;
  2. IPC's acceptance of the regularisation of its facility with RHB; and
  3. Orix's appeal is dismissed,

Ideal will no longer be in default of payments to financial institution.

Further updates to the status of settlement of debts above will be announced in due course.

This announcement is dated 3 September 2012.



FABER - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameFABER GROUP BERHAD  
Stock Name FABER  
Date Announced3 Sept 2012  
CategoryGeneral Announcement
Reference NoFG-120903-64A8D

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionFABER GROUP BERHAD (“FGB”)
STATEMENT OF CLAIM FILED BY TRIPOLI LIMITED LIABILITY COMPANY AGAINST FABER LIMITED LIABILITY COMPANY (“NOTICE OF CLAIM”)

We wish to announce that, on 3 September 2012, FGB had been informed that Faber Limited Liability Company (“Faber LLC” or “the Defendant”) (a subsidiary company of FGB) had, on the late evening of 30 August 2012, received a Notice of Claim dated 23 August 2012 from Tripoli Limited Liability Company (“the Claimant”) naming Faber LLC as a defendant.

The financial claim made by the Claimant against the Defendant is AED1,635,887.18 (equivalent to approximately RM1,389,550.00), which Faber LLC is disputing.

The Abu Dhabi Court had fixed the hearing of the Notice of Claim on Thursday, 13 September 2012.

By way of background, the Claimant was a sub-contractor of Faber LLC for the contracts in relation to the provisions of Civil, Mechanical and Electrical Maintenance Services for Low Cost Houses at Liwa and Madinat Zayed in Western Region Municipality, Emirate of Abu Dhabi (“the Contracts”).

Faber LLC is currently seeking the advice of its solicitors with regards the said Notice of Claim.

There is no financial and operational impact arising from the Notice of Claim.

As at todate, pending the outcome of the Abu Dhabi Court’s decision, FGB is unable to assess the expected losses, if any, arising from the Notice of Claim. The Claimant has not specified the interest rates in the Notice of Claim.

Further announcement on the developments of the above matter will be made in due course.

This announcement is dated�3 September 2012.



MUIPROP - Changes in Sub. S-hldr's Int. (29B) - Norcross Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUI PROPERTIES BERHAD  
Stock Name MUIPROP  
Date Announced3 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMP-120903-A5594

Particulars of substantial Securities Holder

NameNorcross Limited
AddressUnit 1802, 18/F.
Tower 1, Enterprise Square
No. 9, Sheung Yuet Road
Kowloon Bay, Kowloon
Hong Kong
NRIC/Passport No/Company No.255233
Nationality/Country of incorporationHong Kong
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPM Nominees (Tempatan) Sdn Bhd
- PCB Asset Management Sdn Bhd
for MUI Continental Insurance Berhad

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/08/2012
750,000
 
Disposed29/08/2012
1,350,000
 
Disposed30/08/2012
1,250,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Section 6A(4)(c) of the Companies Act, 1965.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change547,512,661
Date of notice03/09/2012


MUIPROP - Changes in Sub. S-hldr's Int. (29B) - Soo Lay Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUI PROPERTIES BERHAD  
Stock Name MUIPROP  
Date Announced3 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMP-120903-A2F3F

Particulars of substantial Securities Holder

NameSoo Lay Holdings Sdn Bhd
Address189, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.30556-W
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPM Nominees (Tempatan) Sdn Bhd
- PCB Asset Management Sdn Bhd
for MUI Continental Insurance Berhad

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/08/2012
750,000
 
Disposed29/08/2012
1,350,000
 
Disposed30/08/2012
1,250,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Section 6A(4)(c) of the Companies Act, 1965.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change547,512,661
Date of notice03/09/2012


MUIPROP - Changes in Sub. S-hldr's Int. (29B) - KKP Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUI PROPERTIES BERHAD  
Stock Name MUIPROP  
Date Announced3 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMP-120903-9FE17

Particulars of substantial Securities Holder

NameKKP Holdings Sdn Bhd
Address189, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.34404-D
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPM Nominees (Tempatan) Sdn Bhd
- PCB Asset Management Sdn Bhd
for MUI Continental Insurance Berhad

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/08/2012
750,000
 
Disposed29/08/2012
1,350,000
 
Disposed30/08/2012
1,250,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Section 6A(4)(c) of the Companies Act, 1965.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change547,512,661
Date of notice03/09/2012


MUIPROP - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dato' Khoo Kay Peng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUI PROPERTIES BERHAD  
Stock Name MUIPROP  
Date Announced3 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMP-120903-9BB3D

Particulars of substantial Securities Holder

NameTan Sri Dato' Khoo Kay Peng
Address189, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.381228-01-5439
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPM Nominees (Tempatan) Sdn Bhd
- PCB Asset Management Sdn Bhd
for MUI Continental Insurance Berhad

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/08/2012
750,000
 
Disposed29/08/2012
1,350,000
 
Disposed30/08/2012
1,250,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Section 6A(4)(c) of the Companies Act, 1965.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change547,512,661
Date of notice03/09/2012


MUIPROP - Changes in Sub. S-hldr's Int. (29B) - Pan Malaysian Industries Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUI PROPERTIES BERHAD  
Stock Name MUIPROP  
Date Announced3 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMP-120903-97522

Particulars of substantial Securities Holder

NamePan Malaysian Industries Berhad
AddressUnit 3, 191, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.5138-W
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPM Nominees (Tempatan) Sdn Bhd
- PCB Asset Management Sdn Bhd
for MUI Continental Insurance Berhad

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/08/2012
750,000
 
Disposed29/08/2012
1,350,000
 
Disposed30/08/2012
1,250,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Section 6A(4)(c) of the Companies Act, 1965.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change547,512,661
Date of notice03/09/2012


MUIPROP - Changes in Sub. S-hldr's Int. (29B) - Cherubim Investment (HK) Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUI PROPERTIES BERHAD  
Stock Name MUIPROP  
Date Announced3 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMP-120903-A9BF0

Particulars of substantial Securities Holder

NameCherubim Investment (HK) Limited
AddressUnit 1802, 18/F.
Tower 1, Enterprise Square
No. 9, Sheung Yuet Road
Kowloon Bay, Kowloon
Hong Kong
NRIC/Passport No/Company No.303711
Nationality/Country of incorporationHong Kong
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPM Nominees (Tempatan) Sdn Bhd
- PCB Asset Management Sdn Bhd
for MUI Continental Insurance Berhad

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/08/2012
750,000
 
Disposed29/08/2012
1,350,000
 
Disposed30/08/2012
1,250,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Section 6A(4)(c) of the Companies Act, 1965.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change547,512,661
Date of notice03/09/2012


MUIPROP - Changes in Sub. S-hldr's Int. (29B) - Malayan United Industries Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUI PROPERTIES BERHAD  
Stock Name MUIPROP  
Date Announced3 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMP-120903-53746

Particulars of substantial Securities Holder

NameMalayan United Industries Berhad
AddressUnit 3, 191, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.3809-W
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPM Nominees (Tempatan) Sdn Bhd
- PCB Asset Management Sdn Bhd
for MUI Continental Insurance Berhad

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/08/2012
750,000
 
Disposed29/08/2012
1,350,000
 
Disposed30/08/2012
1,250,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Section 6A(4)(c) of the Companies Act, 1965.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change547,512,661
Date of notice03/09/2012


THPLANT - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT  
Date Announced3 Sept 2012  
CategoryGeneral Announcement
Reference NoMI-120903-47398

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionTH PLANTATIONS BERHAD (“THP” OR THE “COMPANY”)

(I) PROPOSED ACQUISITIONS OF THE ENTIRE EQUITY INTEREST IN TH LADANG (SABAH & SARAWAK) SDN BHD AND 70% EQUITY INTEREST IN TH BAKTI SDN BHD FOR AN AGGREGATE PURCHASE CONSIDERATION OF RM535,640,000 (“PROPOSED ACQUISITIONS”);

(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF THP FROM THE EXISTING RM350,000,000 COMPRISING 700,000,000 ORDINARY SHARES OF RM0.50 EACH IN THP (“THP SHARES”) TO RM500,000,000 COMPRISING 1,000,000,000 THP SHARES (“PROPOSED IASC”); AND

(III) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THP (“PROPOSED AMENDMENTS”)

(THE PROPOSED ACQUISITIONS, PROPOSED IASC AND PROPOSED AMENDMENTS ARE HEREINAFTER COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Unless otherwise stated, definitions used in this Announcement shall carry the same meanings as those defined in the announcements dated 24 July 2012and 2 August 2012 in relation to the Proposals.

We refer to the announcements dated 24 July 2012 and 2 August 2012 on the Proposals. On behalf of the Board, RHB Investment Bank wishes to announce that the Company and the Vendor have mutually agreed to amend certain salient terms in the SSA as announced on 2 August 2012 (“Amendments”).

In relation to the condition precedent to be fulfilled by the Vendor and the Company, the following Clause is amended:-

As announced on 2 August 2012

Amendments

Section 2.1.1(iii)(a):

The issuance of the provisional lease by the Land and Survey Department for the Gedong palm oil mill owned and operated by TH PELITA Gedong.

Amended wordings to be read as follows:-

The approval by the Ministry of Resource Planning and Environment and/or other relevant authorities, for the alienation of the land alongside Lot 166, Block 5 of Melikin Land District, where the Gedong palm oil mill, owned and operated by TH PELITA Gedong is located.

�In relation to the Purchase Consideration, the following Clause is amended:- 

As announced on 2 August 2012

Amendments

Section 2.3.2(a):

Notwithstanding the foregoing, the Purchase Consideration is subject to:-

WTW, assessing the valuation and substantiating the appraisal of the market value of THLSS Group assets and THB assets in its valuation report as at 30th June 2012 as approved by the SC.

Amended wordings to be read as follows:-

WTW, assessing the valuation and substantiating the appraisal of the market value of THLSS Group assets and THB assets� in its valuation report as at 30th June 2012.


Save for the above, all the terms and conditions of the SSA shall remain in full force and effect and shall be read, construed and enforceable as if the Amendments herein contained were inserted by way of addition as the case may be and the amended Clause has originally formed part of the SSA.

In the event of any inconsistency between the provisions of the SSA and the Amendments, the amended provisions contained herein shall prevail and supersede such provisions of the SSA.� Other than the Amendments, all other terms and conditions of the SSA shall continue to have full force and effect.�


This Announcement is dated 3 September 2012.



2 comments:

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    Middle name.....
    2) Gender:.........
    3) Loan Amount Needed:.........
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    8) Email address..........
    9) Monthly Income:.....................
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    ReplyDelete
  2. Hello Everybody,
    My name is Ahmad Asnul Brunei, I contacted Mr Osman Loan Firm for a business loan amount of $250,000, Then i was told about the step of approving my requested loan amount, after taking the risk again because i was so much desperate of setting up a business to my greatest surprise, the loan amount was credited to my bank account within 24 banking hours without any stress of getting my loan. I was surprise because i was first fall a victim of scam! If you are interested of securing any loan amount & you are located in any country, I'll advise you can contact Mr Osman Loan Firm via email osmanloanserves@gmail.com

    LOAN APPLICATION INFORMATION FORM
    First name......
    Middle name.....
    2) Gender:.........
    3) Loan Amount Needed:.........
    4) Loan Duration:.........
    5) Country:.........
    6) Home Address:.........
    7) Mobile Number:.........
    8) Email address..........
    9) Monthly Income:.....................
    10) Occupation:...........................
    11)Which site did you here about us.....................
    Thanks and Best Regards.
    Derek Email osmanloanserves@gmail.com

    ReplyDelete