October 11, 2012

Company announcements: INARI, MYETFDJ, CIMBA40, CIMBC25, KFC, MISC, OSK

INARI - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameINARI BERHAD (ACE Market) 
Stock Name INARI  
Date Announced11 Oct 2012  
CategoryChange in Boardroom
Reference NoII-120829-54096

Admission SponsorM&A Securities Sdn Bhd
SponsorSame as above
Date of change11/10/2012
NameDr Tan Seng Chuan
Age57
NationalityMalaysian
Type of changeRedesignation
Previous PositionManaging Director
New PositionVice Chairman
DirectorateExecutive
QualificationsDr Tan graduated with First Class Honours in Mechanical Engineering from the Imperial College, UK in 1978. Dr Tan also obtained a Masters and PhD in Engineering Science in 1981 and 1983, respectively, from Harvard University, USA.  
Working experience and occupation Dr Tan has vast experience in the IT industry. As an IT consultant, Dr Tan had worked on leading edge software and hardware development projects with many companies in the global IT industry prior to joining Insas Berhad in 1997 where he currently heads the Technology Division.  
Directorship of public companies (if any)Insas Berhad 
Family relationship with any director and/or major shareholder of the listed issuerN/A 
Any conflict of interests that he/she has with the listed issuerN/A 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest: 160,000 Ordinary Shares of RM0.10 each in the Company 

INARI - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameINARI BERHAD (ACE Market) 
Stock Name INARI  
Date Announced11 Oct 2012  
CategoryChange in Boardroom
Reference NoII-120829-20C11

Admission SponsorM&A Securities Sdn Bhd
SponsorSame as above
Date of change11/10/2012
NameTan Lee Pang s/o Hum Beng
Age46
NationalityMalaysian
DesignationExecutive Director
DirectorateExecutive
Type of changeResignation
ReasonTo pursue his personal interests
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsMr Tan graduated from the Vocational & Industrial Training Board, Singapore in 1991 and Southern Pacific University, US with an Executive Masters in Business Administration in 2004.  
Working experience and occupation Mr Tan has worked with companies like Singatronics Ltd (1988 to 1989), UIC Electronics Pte Ltd (1989 to 1992), JIT Electronic Pte Ltd (1993 to 1995), Swarm Electronic Pte Ltd (1995 to 1997), Aterm Electronic Sdn Bhd (1997 to 1999) and Polar Twin Advance Sdn Bhd (1999 to 2006). He has extensive hands-on experience in engineering and maintenance of wave-soldering, auto-insertion and SMT assemblies which enables him to effectively run the Company's SMT operations successfully.  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuerN/A 
Any conflict of interests that he/she has with the listed issuerN/A 
Details of any interest in the securities of the listed issuer or its subsidiariesi) Direct interest: 6,577,949 Ordinary Shares of RM0.10 each in the Company

ii) Indirect interest : 31,469,379 Ordinary Shares of RM0.10 each in the Company 

INARI - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameINARI BERHAD (ACE Market) 
Stock Name INARI  
Date Announced11 Oct 2012  
CategoryChange in Boardroom
Reference NoII-120829-53190

Admission SponsorM&A Securities Sdn Bhd
SponsorSame as above
Date of change11/10/2012
NameLau Kean Cheong
Age45
NationalityMalaysian
Type of changeAppointment
DesignationDirector & Chief Exec. Officer
DirectorateExecutive
QualificationsMr Lau holds a Diploma in Electronics Engineering from Tunku Abdul Rahman College, Kuala Lumpur and is a graduate of University of Warwick, United Kingdom with a Master in Science (MSc) in Information Technology for Manufacture.  
Working experience and occupation Mr Lau started his career in 1991 at Intel Penang, followed by KESP Sdn Bhd, Penang in enginnering positions. He joined the Globetronics Technology Berhad Group in 1996 as a Senior Engineer and progressed within the Globetronics Group to become Senior Vice President of Iso Technology Sdn Bhd, a wholly-owned subsidiary, before joining Inari Berhad.

He has about twenty years of working experience in the electronics manufacturing services (EMS) industry and has broad experience in leading EMS operations including primary responsibilities in top and bottom line performance and managing key customer relationships.  
Directorship of public companies (if any)N/A 
Family relationship with any director and/or major shareholder of the listed issuerN/A 
Any conflict of interests that he/she has with the listed issuerN/A 
Details of any interest in the securities of the listed issuer or its subsidiariesN/A 

Remarks :
Mr Lau Kean Cheong is currently the Chief Executive Officer of the Company.

MYETFDJ - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25  
Stock Name MYETFDJ  
Date Announced11 Oct 2012  
CategoryGeneral Announcement
Reference NoMD-121011-63897

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 11-10-2012
Fund: MYETFDJ
NAV per unit (RM): 1.1190
Units in Circulation (units): 267,900,000
Manager's Fee (%p.a): 0.40
Trustee's Fee (%p.a): 0.05
License Fee (%p.a): 0.04
DJIM25 Index: 991.68

Attachments

Daily Fund Values111012.pdf
55 KB


CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced11 Oct 2012  
CategoryGeneral Announcement
Reference NoOB-121011-66658

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 11-Oct-2012
IOPV per unit (RM): 1.6230
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,896.64

Attachments

Asean40.pdf
10 KB


CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced11 Oct 2012  
CategoryGeneral Announcement
Reference NoOB-121011-66598

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 11-Oct-2012
IOPV per unit (RM): 0.8743
Units in circulation (units): 21,450,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 15,803.42

Attachments

China25.pdf
26 KB


KFC - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameKFC HOLDINGS (MALAYSIA) BERHAD  
Stock Name KFC  
Date Announced11 Oct 2012  
CategoryGeneral Meetings
Reference NoJC-121011-60436

Type of MeetingEGM
IndicatorNotice of Meeting
DescriptionNOTICE OF EXTRAORDINARY GENERAL MEETING
Date of Meeting05/11/2012
Time09:30 AM
VenueGrand Ballroom, Eastin Hotel, No. 13, Jalan 16/11, Pusat Dagang Seksyen 16, 46350 Petaling Jaya, Selangor Darul Ehsan
Date of General Meeting Record of Depositors24/10/2012

Attachments

KFC EGM.pdf
176 KB


KFC - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameKFC HOLDINGS (MALAYSIA) BERHAD  
Stock Name KFC  
Date Announced11 Oct 2012  
CategoryGeneral Meetings
Reference NoJC-121011-60908

Type of MeetingWARRANTHOLDERS’ MEETING
IndicatorNotice of Meeting
DescriptionNOTICE OF WARRANTHOLDERS’ MEETING
Date of Meeting05/11/2012
Time02:30 PM
VenueGrand Ballroom, Eastin Hotel, No. 13, Jalan 16/11, Pusat Dagang Seksyen 16, 46350 Petaling Jaya, Selangor Darul Ehsan
Date of General Meeting Record of Depositors24/10/2012

Attachments

KFC warrant.pdf
156 KB


MISC - MISC BERHAD (“MISC” OR “COMPANY”) PROPOSED DISPOSAL BY MISC OF 50% EQUITY INTEREST IN GUMUSUT-KAKAP SEMI-FLOATING PRODUCTION SYSTEM (L) LIMITED (“GKL”) (FORMERLY KNOWN AS MISC FLOATING PRODUCTION SYSTEM (GUMUSUT) LIMITED), A WHOLLY-OWNED SUBSIDIARY OF MISC, TO E&P VENTURE SOLUTIONS CO SDN. BHD. (“EPV”), A WHOLLY-OWNED SUBSIDIARY OF PETRONAS CARIGALI SDN. BHD. (“PCSB”) FOR A CASH CONSIDERATION OF USD305.7 MILLION (“PROPOSED SHARE DISPOSAL”)

Announcement Type: General Announcement
Company NameMISC BERHAD  
Stock Name MISC  
Date Announced11 Oct 2012  
CategoryGeneral Announcement
Reference NoMI-121011-64138

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-121010-45167
SubjectMISC BERHAD (“MISC” OR “COMPANY”)

PROPOSED DISPOSAL BY MISC OF 50% EQUITY INTEREST IN GUMUSUT-KAKAP SEMI-FLOATING PRODUCTION SYSTEM (L) LIMITED (“GKL”) (FORMERLY KNOWN AS MISC FLOATING PRODUCTION SYSTEM (GUMUSUT) LIMITED), A WHOLLY-OWNED SUBSIDIARY OF MISC, TO E&P VENTURE SOLUTIONS CO SDN. BHD. (“EPV”), A WHOLLY-OWNED SUBSIDIARY OF PETRONAS CARIGALI SDN. BHD. (“PCSB”) FOR A CASH CONSIDERATION OF USD305.7 MILLION (“PROPOSED SHARE DISPOSAL”)
DescriptionReference is made to the announcement dated 5 October 2012 in relation to the above captioned matter (“Announcement”) and Bursa Malaysia Securities Berhad’s (“Bursa Securities”) query letter dated 10 October 2012. Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of MISC Berhad, Maybank Investment Bank Berhad wishes to provide the following additional information:

1. EPV is carrying on business as an investment company related to oil and gas activities.

2. As set out in the Notes under Sections 6.2 and 6.3 of the Announcement, the cost of the asset under construction was increased by USD290.0 million (approximately RM889.1 million), being the estimated remaining cost to complete the Gumusut-Kakap Semi-FPS for a total construction cost of USD2,038.0 million (approximately RM6,229.1 million).

3. The Proposed Share Disposal will not result in any gain or loss to MISC as the Sale Shares are disposed at the cost of the Company’s equity investment in GKL. The Share Disposal Consideration of USD305.7 million (approximately RM934.4 million) represents 50% of the total cost of MISC’s equity investment in GKL as at 4 October 2012, which amounts to approximately USD611.4 million (approximately 1,868.7 million) as set out in Section 2.8 of the Announcement.

4. As set out in Note 2, Section 3 of the Announcement, the proceeds of RM1,472.16 million to be utilised for capital expenditure will be allocated for enhancement and development of FPSOs for offshore business. However, the detailed breakdown of the utilisation has yet to be determined by the Company at this juncture.

5. Not applicable. As set out in Sections 1 and 3 of the Announcement, GKL will repay the amount owing to MISC via a short term loan obtained from PETRONAS and it is the intention of GKL to refinance the short term loan with a longer term external financing on expiry of the short term loan.

This announcement is dated 11 October 2012.
Query Letter Contents We refer to your announcement dated 5 October 2012 in respect of the aforesaid
matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1) Brief description on the business carried on by the Purchaser, EPV.
2) Estimated additional costs to complete the Gumusut-Kakap Semi-FPS to be
borne by the Company.
3) Expected gains/losses to the Company with regard to the Proposed Share
Disposal.
4) Brief elaboration on the utilisation of proceeds of RM1.47 billion for the
capital expenditure.
5) If applicable, brief description on the financing risk and its mitigation.
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

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


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

Announcement Type: General Announcement
Company NameOSK HOLDINGS BERHAD  
Stock Name OSK  
Date Announced11 Oct 2012  
CategoryGeneral Announcement
Reference NoOH-121011-62709

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionOSK HOLDINGS BERHAD (“OSKH” OR THE “COMPANY”)

1. PROPOSED DISPOSAL BY OSKH TO RHB CAPITAL BERHAD (“RHBC”) OF THE FOLLOWING ENTITIES:-

(I) 100% EQUITY INTEREST IN OSK INVESTMENT BANK BERHAD (“OSKIB”);

(II) 20% EQUITY INTEREST IN OSK TRUSTEES BERHAD (“OSKTB”);

(III) 20% EQUITY INTEREST IN MALAYSIAN TRUSTEES BERHAD (“MTB”); AND

(IV) 100% EQUITY INTEREST IN OSK INVESTMENT BANK (LABUAN) LIMITED (“OSKL”),

FOR A TOTAL DISPOSAL CONSIDERATION OF RM1,977.50 MILLION TO BE SATISFIED THROUGH THE ISSUANCE OF 245.0 MILLION NEW ORDINARY SHARES OF RM1.00 EACH IN RHBC AND CASH (“PROPOSED DISPOSAL”); AND THE SUBSEQUENT MERGER OF THE INVESTMENT BANKING BUSINESSES OF OSKH AND RHBC (“PROPOSED MERGER”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

2(a) PROPOSED ACQUISITION AND ASSIGNMENT OF ASCEND INTEGRATED INVESTMENT (L) BHD’S (“AIIB”) IRREVOCABLE OPTION TO ACQUIRE ALL THE 84,000 ORDINARY SHARES OF IDR1,000,000 EACH IN PT OSK NUSADANA SECURITIES INDONESIA (“OSK NUSADANA”) (OF WHICH PT ASCEND UNITY CAPITAL IS THE REGISTERED HOLDER) BY OSK INVESTMENT BANK BERHAD (“OSKIB”), A WHOLLY-OWNED SUBSIDIARY OF OSKH, FOR A CASH CONSIDERATION OF IDR343,280,000,000 (“PROPOSED OPTION ACQUISITION”)

2(b) PROPOSED ACQUISITION OF 48% EQUITY INTEREST IN PT OSK NUSADANA SECURITIES INDONESIA (“OSK NUSADANA”) NOT ALREADY HELD BY OSK INVESTMENT BANK BERHAD (“OSKIB”), A WHOLLY-OWNED SUBSIDIARY OF OSKH, FOR A TOTAL CASH CONSIDERATION OF IDR154,040,000,000 (“PROPOSED ACQUISITION”)

(THE COMPLETION OF THE PROPOSED OPTION ACQUISITION AND THE PROPOSED ACQUISITION, STATED IN 2(a) AND 2(b) ABOVE, WILL RESULT IN OSKIB HOLDING A 99% EQUITY INTEREST IN OSK NUSADANA)

We refer to the previous announcements made by the Company in relation to the Proposals, Proposed Option Acquisition and Proposed Acquisition.�

The Company wishes to announce that Kementerian Keuangan Republik Indonesia, Badan Pengawas Pasar Modal dan Lembaga Keuangan (“Bapepam dan LK”) had, vide its letter dated 10 October 2012, granted the approval for RHBC to own a 100% equity interest in OSKIB and for OSKIB to own a 99% equity interest in OSK Nusadana.

This announcement is dated�11 October 2012.


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