September 28, 2012

Company announcements: MUIIND, ORIENT, NICORP, YTL, TAANN, HTPADU

MUIIND - Listing Circular

Announcement Type: Listing Circular
Company NameMALAYAN UNITED INDUSTRIES BERHAD  
Stock Name MUIIND  
Date Announced28 Sept 2012  
CategoryListing Circular
Reference NoSM-120928-57300

LISTING'S CIRCULAR NO. L/Q : 66137 OF 2012

Kindly be advised that the abovementioned Company’s additional 54,424 new ordinary shares of RM1.00 each arising from the aforesaid Conversion of ICULS will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 2 October 2012.


ORIENT - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc. ("MUFG")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameORIENTAL HOLDINGS BERHAD  
Stock Name ORIENT  
Date Announced28 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-120928-E4C89

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group, Inc. ("MUFG")
Address7-1, Marunouchi 2-Chome
Chiyoda-ku, Tokyo, 100-8330
Japan
NRIC/Passport No/Company No.NIL
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary stocks of RM1.00 each
Name & address of registered holderAberdeen Asset Management PLC ("Aberdeen") and its subsidiaries
10 Queen's Terrace Aberdeen
AB10 1YG, Scotland

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired21/09/2012
2,700
 

Circumstances by reason of which change has occurreda)Acquisition of shares by Aberdeen.

b)MUFG is deemed interested in the shares by virtue of MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% interest in Aberdeen.
Nature of interestIndirect interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)49,253,620 
Indirect/deemed interest (%)7.94 
Total no of securities after change49,253,620
Date of notice28/09/2012

Remarks :
This Notice was received on 28 September 2012.


NICORP - Changes in Sub. S-hldr's Int. (29B) - Datuk Raymond Chan Boon Siew

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameNAIM INDAH CORPORATION BERHAD  
Stock Name NICORP  
Date Announced28 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-120928-42428

Particulars of substantial Securities Holder

NameDatuk Raymond Chan Boon Siew
AddressG-600A, Grd Floor, 1Borneo Hypermall, Jalan Sulaman, 88400 Kota Kinabalu, Sabah
NRIC/Passport No/Company No.720814-08-6161
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.20 each
Name & address of registered holderDatuk Raymond Chan Boon Siew
G-600A, Grd Floor, 1Borneo Hypermall, Jalan Sulaman, 88400 Kota Kinabalu, Sabah

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/09/2012
5,400,000
0.260 
Disposed26/09/2012
12,600,000
0.245 

Circumstances by reason of which change has occurredDisposal through open market
Nature of interestDirect
Direct (units)67,614,200 
Direct (%)9.63 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change67,614,200
Date of notice28/09/2012


NICORP - Changes in Director's Interest (S135) - Datuk Raymond Chan Boon Siew

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameNAIM INDAH CORPORATION BERHAD  
Stock Name NICORP  
Date Announced28 Sept 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-120928-43345

Information Compiled By KLSE

Particulars of Director

NameDatuk Raymond Chan Boon Siew
AddressG-600A, Grd Floor, 1Borneo Hypermall, Jalan Sulaman, 88400 Kota Kinabalu, Sabah
Descriptions(Class & nominal value)Ordinary Shares of RM0.20 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
25/09/2012
5,400,000
0.260 
Disposed
26/09/2012
12,600,000
0.245 

Circumstances by reason of which change has occurredDisposal of Shares Through Open Market
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)67,614,200 
Direct (%)9.63 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice28/09/2012


NICORP - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Announcement Type: General Announcement
Company NameNAIM INDAH CORPORATION BERHAD  
Stock Name NICORP  
Date Announced28 Sept 2012  
CategoryGeneral Announcement
Reference NoCK-120928-37752

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionNaim Indah Corporation Berhad
- Timber Log Production Figures of the Group for the Month of August 2012

In accordance with Paragraph 9.36 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Naim Indah Corporation Berhad is pleased to announce that the timber logs production of its wholly owned subsidiary, Jernih Makmur Sdn. Bhd. (which owns a Timber Concession located at Hutan Simpanan Lebir, Mukim of Relai, District of Chiku, Jajahan Gua Musang, Kelantan Darul Naim) for the month of August 2012 was 23,616m3.

This announcement is dated�28�September�2012.



NICORP - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameNAIM INDAH CORPORATION BERHAD  
Stock Name NICORP  
Date Announced28 Sept 2012  
CategoryGeneral Announcement
Reference NoCK-120928-42093

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionNAIM INDAH CORPORATION BERHAD ("NAIM INDAH" OR "THE COMPANY")
- NOTIFICATION OF DEALINGS BY DIRECTOR PURSUANT TO PARAGRAPH 14.09 OF MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

In accordance with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Naim Indah wishes to announce the following dealings in securities by the Director:-

Name of

Director

Date of Disposal / Acquire

Consideration

(RM)

No. of shares

involved

% of shareholdings

Direct

Indirect

Datuk Raymond Chan Boon Siew

25 September 2012

(Disposal)

RM0.26 per share

5,400,000

-

0.77

Datuk Raymond Chan Boon Siew

26 September 2012 (Disposal)

RM0.2450 per share

12,600,000

-

1.79

This announcement is dated 28 September 2012.



YTL - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameYTL CORPORATION BERHAD  
Stock Name YTL  
Date Announced28 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoYC-120928-3EAA2

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARD
AddressTINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.10 EACH
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/09/2012
1,798,200
 
Transferred25/09/2012
8,149,333
 

Circumstances by reason of which change has occurredDisposed and transfer of shares from Employees Provident Fund Board to Citigroup Nominees (Tempatan) Sdn Bhd-Employees Provident Fund Board
Nature of interestDirect
Direct (units)855,517,047 
Direct (%)8.26 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change855,517,047
Date of notice26/09/2012

Remarks :
Form 29B was received on 28 September 2012


YTL - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameYTL CORPORATION BERHAD  
Stock Name YTL  
Date Announced28 Sept 2012  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoYC-120928-332CA

Date of buy back28/09/2012
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)500,000
Minimum price paid for each share purchased ($$)1.740
Maximum price paid for each share purchased ($$)1.740
Total consideration paid ($$)873,071.00
Number of shares purchased retained in treasury (units)500,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)280,476,539
Adjusted issued capital after cancellation
(no. of shares) (units)
 
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)2.64


TAANN - General Announcement

Announcement Type: General Announcement
Company NameTA ANN HOLDINGS BERHAD  
Stock Name TAANN  
Date Announced28 Sept 2012  
CategoryGeneral Announcement
Reference NoCC-120928-11264

TypeAnnouncement
SubjectOTHERS
DescriptionJOINT VENTURE AGREEMENTS BETWEEN TA ANN PLANTATION SDN BHD AND PELITA HOLDINGS SDN BHD
INTRODUCTION
The Board of Directors of Ta Ann Holdings Berhad (“TA ANN” or the “Company”) is pleased to announce that a wholly owned subsidiary of the Company, Ta Ann Plantation Sdn Bhd (hereinafter referred to as “TAP”) has on 28 September 2012 entered into three (3) Joint Venture Agreements (“JVAs”) with Pelita Holdings Sdn Bhd (“PHSB”) for the purpose of setting up Joint Venture Companies, (hereinafter referred to as “JVCs”) to be incorporated by TAP and PHSB under the Companies Act 1965 and jointly owned by the parties to implement oil palm development projects (hereinafter referred to as “the Projects”) in partnership with the registered land owners or beneficial owners of lands which have been surveyed by the relevant authorities but the documents of title of which are yet to be issued (hereinafter referred to as “Project Participants”) over

(a) the parcels of titled land situated at Matu Daro, Mukah Division, Sarawak containing in the aggregate a gross area of 11,500 hectares, of which an estimated 6,900 hectares are plantable area;
    (b) the parcels of titled land situated at Tambirat-Asajaya, Kota Samarahan Division, Sarawak containing in the aggregate a gross area of 22,520 hectares, of which an estimated 13,512 hectares are plantable area; and
      (c) the parcels of titled land situated at Sebuyau Sebangan, Kota Samarahan Division, Sarawak containing in the aggregate a gross area of 5,000 hectares, of which an estimated 3,000 hectares are plantable area,

      respectively (hereinafter collectively referred to as “the said Lands”).

      The names of the JVCs will be announced after the names selected by the joint venture parties for the JVCs have been approved by Suruhanjaya Syarikat Malaysia.

      PARTIES

      TAP
      TAP is a subsidiary of TA ANN.

      PHSB
      PHSB is a subsidiary of PELITA (Land Custody and Development Authority), a statutory body under the Ministry of Rural and Land Development, Sarawak.

      Project Participants
      The registered proprietors or beneficial owners of the said Lands who participate in the Projects.

      TERMS OF THE JVA

      Conditions Precedent

      The JVAs are subject to the following conditions precedent:

      (a) the approval of Economic Planning Unit, Prime Minister’s Department for the acquisition of the said Lands by the respective JVCs; and
      (b) the approval pursuant to Section 9 (1) (d) of the Sarawak Land Code being obtained from the Sarawak Government for the respective JVCs to be deemed native companies for the acquisition, holding or dealing in any native area land within the said Lands.

      Equity Structure

      The equity structure of each of the JVCs will be as follows:

      Party Percentage of holdings

      TAP 55%
      PHSB as trustee of Project Participants 30%
      PHSB 15%

      Role in the Joint Venture

      The main duties and responsibilities of PHSB in the joint venture include the following:
      • PHSB will initiate and procure the declaration of the said Lands as Development Area pursuant to Section 11 of LCDA Ordinance.
      • PHSB will also be responsible for initiating and facilitating the process of sorting out land matters relating to the Projects.
        • PHSB is acting as trustee of Project Participants.

        The main duties and responsibilities of TAP in the joint venture include the following:

        TAP shall set up teams of competent and professional personnel to develop and manage the Projects. TAP will provide assistance to the JVCs as may be necessary including but not limited to the sourcing of funds for the Projects.

        SOURCE OF FUNDS

        TAP’s equity participation in the JVCs will be financed through the Group’s internally generated funds, whereas project financing will be sought from financial institutions for JVCs to develop the said Lands into oil palm estates.

        RATIONALE FOR THE PROPOSED JOINT VENTURE

        The JVAs will enable the Group to further increase its total acreage of oil palm plantations. This is in line with the Group’s aim of continually expanding its oil palm division to achieve greater economies of scale and to broaden its earnings base.

        The participation of PHSB will enhance the viability of the Projects. PHSB has vast experience in facilitating joint ventures between private sector investors and native land owners/titled land owners. It is also well versed in the procedural requirements for the implementation of such projects.

        The development of the said Lands into oil palm plantation will create job opportunities for the local residents, and assist them to improve their earnings and standard of living.

        FINANCIAL EFFECTS OF THE PROPOSED JVAs

        Capital and Investment Outlay

        No capital or investment outlay has been made at this stage. The amount of capital and investment outlay will be incurred on a staggered basis depending on the progress of participation by the Project Participants. Eventual issued and paid-up capital of the JVCs for the said parcels of lands at :

        (a) Matu Daro, Mukah Division is expected to be RM34.5 million,
        (b) Tambirat-Asajaya, Kota Samarahan Division is expected to be RM67.56 million; and
        (c) Sebuyau Sebangan, Kota Samarahan Division is expected to be RM15.0 million.

        Upon commencement of the Projects, in consideration of the Projects Participants’ willingness to surrender their titled land, the JVCs will pay cash incentive of RM100 to RM120 per hectare per month for the first 7 years to PHSB as the trustee for the relevant participating Projects Participants and dividend from the 8th year onwards of the Projects based on operational profit which shall not be less than the quantum of cash incentive. In addition, crop compensation of up to RM1,000 per hectare would be paid to Projects Participants, where applicable.

        Net Assets, Share Capital and Substantial Shareholders’ Shareholdings

        The JVAs are not expected to have significant effects on the net assets of TA ANN, nor will they have any effect on the share capital and shareholding structure of TA ANN, for financial year ending 31 December 2012, as the Projects development will be done progressively in phases over a period of 5 – 7 years.

        Earnings

        The JVAs are not expected to contribute to the earnings of TA ANN for financial year ending 31 December 2012. However it is expected to contribute positively in the future years, when the oil palms which take about 3 years from planting to mature are producing fresh fruit bunches.

        DIRECTORS AND SUBSTANTIAL SHAREHOLDERS’ INTEREST

        None of the directors and / or substantial shareholders of TA ANN and / or any persons connected to them have any interest, direct or indirect in the JVAs.

        DIRECTORS’ STATEMENT

        The Directors of TA ANN are of the opinion that the JVAs are in the best interest of the Company and the Group.

        This announcement is dated 28 September 2012.


        HTPADU - General Announcement

        Announcement Type: General Announcement
        Company NameHEITECH PADU BERHAD  
        Stock Name HTPADU  
        Date Announced28 Sept 2012  
        CategoryGeneral Announcement
        Reference NoHP-120927-61013

        TypeAnnouncement
        SubjectOTHERS
        DescriptionACQUISITION BY INTER-CITY MPC (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY OF HEITECH PADU BERHAD, OF 100% SHAREHOLDING IN PRO OFFICE SOLUTIONS SDN BHD.

        ��

        1.���������INTRODUCTION��

        The Board of Directors of HeiTech Padu Berhad (‘HeiTech” or “the Company”) wishes to announce that Intercity MPC Sdn Bhd (“Intercity”) has on 28th September 2012 acquire for 1,000,000units of ordinary shares (“Shares”) in Pro-Office Solutions Sdn Bhd. (“POSSB”) representing 100% of total issued and paid-up share capital of POSSB for total cash consideration of RM9,000,000.00 (“Acquisition”).

        2.�������� DETAILSOF THE ACQUISITION�

        ����������� 2.1������ Information of POSSB

        POSSB was incorporated as a private limited company in Malaysia under the Companies Act 1965. As at the date of this announcement, the authorised share capital of POSSB is RM1,000,000 comprising 1,000,000 ordinary shares of RM1.00 each (“POSSB Shares”) of which RM1,000,000 comprising 1,000,000 POSSB Shares are issued and fully paid up.�

        ����������� POSSB is principally engaged in bulk mailing and printing services.

        ����������� None of the Directors and substantial shareholders of the Company or persons connected to them are related to POSSB.

        2.2������ Basis of Arriving At the Cash Consideration��

        ����������� The disposal consideration was negotiated between POSSB and Intercity on a “willing buyer willing seller” basis. The Cash Consideration was funded entirely from internally generated funds of Intercity.

        3.������� RATIONALE FOR THE ACQUISITION

        ����������� The Acquisition is part of Intercity’s plan to venture into business expansion strategies on Data & Documents Printing. The Acquisition is expected to contribute positively to the future earnings of the Company.

        4.�������� RISK FACTORS�

        Save for the normal business and global economic risk, the Board of Directors of HeiTech is not aware of any other risk factors which may arise as a result of the Acquisition.

        5.�������� Financial effects

        In addition to the information disclosed on even date, we would like to inform that the Acquisition of Shares is not expected to have any material effect on the earnings per share, dividend policy, gearing, share capital and the substantial shareholders’ shareholdings of the Company for the financial year ending 31 December 2012.

        6.�������� APPROVAL REQUIRED������

        ����������� The Acquisition is not subject to the approval of the shareholders of the Company or any regulatory authorities.

        7.�������� DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTEREST��

        None of the Directors and/or substantial shareholders and/or any person connected to the Directors and/or substantial shareholders of HeiTech have any interest, either direct or indirect in the above Acquisition.�

        8.�������� DIRECTOR’S STATEMENT

        The Board of Directors of HeiTech having considered all aspects of the Acquisition is of the opinion that the Acquisition is in the best interest of the HeiTech Group.

        9.�������� PERCENTAGE RATIO

        ����������� The highest percentage ratio applicable to the Acquisition pursuant to Rule 10.02 of the Listing Requirements of Bursa Malaysia Securities Berhad for the main market is 4.6%.

        This announcement is dated 28 September 2012.



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