October 1, 2012

Company announcements: K1, OCK, GOB, IOICORP, KULIM, UMLAND, TIMECOM, UOAREIT, FGV

K1 - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES

Announcement Type: General Announcement
Company NameK-ONE TECHNOLOGY BERHAD (ACE Market) 
Stock Name K1  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoOS-120928-F32ED

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
DescriptionK-ONE TECHNOLOGY BERHAD (“K-ONE TECH” OR THE “COMPANY”)

• PROPOSED BONUS ISSUE OF UP TO 95,409,300 WARRANTS IN K-ONE TECH ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY FOUR (4) EXISTING ORDINARY SHARES OF RM0.10 EACH IN K-ONE TECH (“K-ONE TECH SHARES”) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE OF WARRANTS”)

Reference is made to the announcement dated 29 August 2012 in relation to the above wherein it was announced that the Company proposes to undertake a bonus issue of 93,637,050 Warrants on the basis of one (1) Warrant for every four (4) existing ordinary shares of RM0.10 each in K-One Tech.

M&A Securities Sdn Bhd on behalf of the Company wishes to clarify that the Proposed Bonus Issue of Warrants will be implemented on a basis of an issuance of up to 95,409,300 Warrants, after taking into consideration a maximum scenario assuming the full exercise of the Company’s 7,089,000 outstanding options granted pursuant to the Company’s existing Employees’ Share Option Scheme (“ESOS Options”) prior to the entitlement date to be determined at a later date (“Maximum Scenario”).

The financial effects of the Proposed Bonus Issue of Warrants with regards to the share capital, net assets, gearing and convertible securities of the Company, based on both a minimum scenario where none of the outstanding ESOS Options are exercised (“Minimum Scenario”) and the Maximum Scenario are set out in the attachment.

The other details of the Proposed Bonus Issue of Warrants as announced on 29 August 2012 remain unchanged.

The applications in relation to the Proposed Bonus Issue of Warrants have been submitted to Bursa Malaysia Securities Berhad and Bank Negara Malaysia on 1 October 2012.

This announcement is dated 1 October 2012.

Attachments

K-ONE - submission table.pdf
16 KB



OCK - General Announcement

Announcement Type: General Announcement
Company NameOCK GROUP BERHAD (ACE Market) 
Stock Name OCK  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoOD-121001-45901

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNS-120927-42217
Subject
PROPOSED ACQUISITION BY OCK SETIA ENGINEERING SDN BHD ("OCK SETIA"), A WHOLLY-OWNED SUBSIDIARY OF OCK, OF A FREEHOLD LAND TOGETHER WITH A THREE (3)-STOREY FACTORY BEARING THE ADRESS OF NO. 18, JALAN JURUNILAI U1/20, SEKSYEN U1, 40150 SHAH ALAM, SELANGOR DARUL EHSAN ("THE PROPERTY") FROM GAINVEST CORPORATION (M) SDN BHD ("GAINVEST" OR "VENDOR") FOR A TOTAL CASH CONSIDERATION OF RM14,300,000 ("PURCHASE CONSIDERATION") (THE "PROPOSED ACQUISITION")
DescriptionOCK GROUP BERHAD("OCK" OR "THE COMPANY")

PROPOSED ACQUISITION BY OCK SETIA ENGINEERING SDN BHD ("OCK SETIA"), A WHOLLY-OWNED SUBSIDIARY OF OCK, OF A FREEHOLD LAND TOGETHER WITH A THREE (3)-STOREY FACTORY BEARING THE ADRESS OF NO. 18, JALAN JURUNILAI U1/20, SEKSYEN U1, 40150 SHAH ALAM, SELANGOR DARUL EHSAN ("THE PROPERTY") FROM GAINVEST CORPORATION (M) SDN BHD ("GAINVEST" OR "VENDOR") FOR A TOTAL CASH CONSIDERATION OF RM14,300,000 ("PURCHASE CONSIDERATION") (THE "PROPOSED ACQUISITION")
Query Letter Contents We refer to your announcement dated 25 September 2012 in respect of the above
captioned matter.

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

1. The details of the 3-storey factory inluding the age and the amount of
lettable space/built-up area.
2. The net book value of the Property based on Gainvest's latest audited
financial statements.
3. Whether any valuation has been carried out on the Property; if so, the name
of the independent registered value, date and method of valuation and
quantification of the market value.
4. The expected commencement and completion date(s) of the renovation and
refurshment works on the Property.
5. The source(s) of funds of RM2,000,000 renovation and refurbishment cost.
6. The prospects of the Property.




...2/-











7. The breakdown of the total area of the Property to be occupied by the OCK
Group and rented out.
8. The estimated time frame for submission of the application to the state
authority.


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


Yours faithfully



TAN YEW ENG
Head, Issuers
Listing Division
Regulation


TYE/NZ


c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)

Reply to Query

We refer to the announcement dated 25 September 2012 in respect of the Proposed Acquisition (“Announcement”). Unless otherwise defined, the abbreviations used throughout this announcement shall be the same as those previously defined in the Announcement.

On behalf of the Board of Directors of OCK, HwangDBS Investment Bank Berhad (“HwangDBS”) would like to announce the additional information as set out in the attachment.



GOB - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameGLOBAL ORIENTAL BERHAD  
Stock Name GOB  
Date Announced1 Oct 2012  
CategoryChange in Principal Officer
Reference NoEC-121001-36559

Date of change01/10/2012
NameNg Eek Meen
Age45
NationalityMalaysian
Type of changeAppointment
DesignationChief Financial Officer
QualificationsMember of Malaysian Institute of Accountants.
Member of Certified Public Accountants Australia.
Working experience and occupation He has 20 years of relevant working experience. He started his career in an internationally affiliated professional accounting firm and progressed to hold various accounting and finance positions in a number of public listed companies. Having worked in a diverse range of business sectors such as property development, construction, manufacturing, FMCG and trading, he brings with him valuable experience in audit, accountancy, corporate planning and finance.
Family relationship with any director and/or major shareholder of the listed issuerNone.
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNone.
Details of any interest in the securities of the listed issuer or its subsidiariesNone.


IOICORP - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoCU-120823-6EA27

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionIOI CORPORATION BERHAD ("IOI CORP" OR THE "COMPANY")

FINAL MEETING OF A SUBSIDIARY IN MEMBERS' VOLUNTARY WINDING-UP
Further to IOI Corp's announcement dated 30 June 2010 in connection with the Members' Voluntary Winding-Up of Kapar Realty And Development Sdn Berhad ("Kapar Realty"), an indirect subsidiary of the Company, the Board of Directors of IOI Corp wishes to announce that the Liquidators of Kapar Realty had convened the Final Meeting on 27 September 2012 to conclude the Members' Voluntary Winding-Up of Kapar Realty.
A Return by Liquidators Relating to Final Meeting was lodged on 28 September 2012 with the Companies Commission of Malaysia and the Official Receiver and Kapar Realty will be dissolved on the expiration of three (3) months from 28 September 2012.

This announcement is dated 1 October 2012


KULIM - General Announcement

Announcement Type: General Announcement
Company NameKULIM (MALAYSIA) BERHAD  
Stock Name KULIM  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoJC-121001-42948

TypeAnnouncement
SubjectOTHERS
DescriptionKULIM (MALAYSIA) BERHAD ("KULIM" OR "COMPANY")

DISPOSAL BY SINDORA BERHAD ("SINDORA" OR "VENDOR"), A WHOLLY OWNED SUBSIDIARY OF KULIM OF ITS SHAREHOLDING IN PRO OFFICE SOLUTIONS SDN BHD ("POSSB") TO INTER-CITY MPC (M) SDN BHD ("INTER-CITY" OR "PURCHASER")
The Board of Directors of the Company wishes to announce that Sindora had on 28 September 2012 entered into a Sale and Purchase Agreement ("SPA") with Inter-City for disposal of 750,000 ordinary shares of RM9.00 each representing 75% shareholding in POSSB to Inter-City for a total consideration of RM6,750,000. The disposal consequently results in POSSB ceasing to become subsidiary of Sindora.
The details of the announcement is as per Attachment.

This announcement is dated 1 October 2012.


KULIM - 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 NameKULIM (MALAYSIA) BERHAD  
Stock Name KULIM  
Date Announced1 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoJC-121001-7CB6A

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 RM0.25 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd

Level 42, Menara Citibank,
165 Jalan Ampang,
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/09/2012
164,100
 

Circumstances by reason of which change has occurredAcquisition of shares from open market
Nature of interestIndirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change83,592,000
Date of notice27/09/2012

Remarks :
The notice was received via courier on 1 October 2012.


UMLAND - DELISTING OF SECURITIES

Announcement Type: General Announcement
Company NameUNITED MALAYAN LAND BERHAD  
Stock Name UMLAND  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoUM-121001-33548

TypeAnnouncement
SubjectDELISTING OF SECURITIES
DescriptionUnited Malayan Land Bhd (UMLand or the Company)

Delisting of the entire issued and paid-up share capital of UMLand from the Official List of Bursa Malaysia Securities Berhad (Bursa Securities) pursuant to Paragraph 16.07(a) of the Main Market Listing Requirements (LR)

The Board of Directors of UMLand wishes to announce that Bursa Securities has vide letter dated 28 September 2012 informed the Company that pursuant to Paragraph 16.07 (a) of the LR, the issued and paid up share capital of UMLand will be removed from the Official List of Bursa Securities with effect from 9.00 a.m., Wednesday, 3 October 2012.

This announcement is dated 1 October 2012.



TIMECOM - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameTIME DOTCOM BERHAD  
Stock Name TIMECOM  
Date Announced1 Oct 2012  
CategoryChange in Boardroom
Reference NoTD-120927-47989

Date of change01/10/2012
NameRossana Annizah Binti Ahmad Rashid @ Mohd Rashidi
Age47
NationalityMalaysian
Type of changeAppointment
DesignationExecutive Director
DirectorateExecutive
QualificationsBachelor of Arts in Banking and Finance from Canberra University, Australia 
Working experience and occupation Rossana's last position was as Chief Financial Officer of Maxis Berhad from January 2004 to May 2011.

She started her carrier in the banking sector when she joined Citibank in July 2008 as Management Associate. Her last assignment in Citibank was as Assistant Vice President in the Corporate Bank.

Rossana left Citibank in April 1994 to join RHB Bank Berhad, where she handled multiple portfolios until she left in May 2003. Her last position with RHB Bank Berhad was as the Senior General Manager, Head of Enterprise Banking.  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiaries110,000 ordinary shares in TIME dotCom Berhad. 


UOAREIT - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameUOA REAL ESTATE INVESTMENT TRUST  
Stock Name UOAREIT  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoCS-121001-44483

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionNAV per unit as at 30 September 2012 : RM1.4302



FGV - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameFELDA GLOBAL VENTURES HOLDINGS BERHAD  
Stock Name FGV  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoFG-120924-65290

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionMEMORANDUM OF UNDERSTANDING BETWEEN FELDA GLOBAL VENTURES PLANTATIONS SDN BHD AND PHO LA MIN TRADING CO LTD

Pursuant to paragraph 9.04(o) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Felda Global Ventures Holdings Berhad (‘FGV’) wishes to announce that its wholly owned subsidiary, Felda Global Ventures Plantations Sdn Bhd (‘FGVP’) has signed a non-binding Memorandum of Understanding (‘MOU’) on 30 September 2012 with Pho La Min Trading Co. Ltd, a company registered in Myanmar to explore the possibility of collaborating with each other in business opportunities in Myanmar in the rubber industries in particular rubber plantation, rubber processingand to undertake feasibility and viability studies with the view of setting up of a joint venture company in Myanmar to pursue the aforementioned business opportunities (‘Proposed JV’).

The MOU sets out the understanding and intention of the parties during this interim exploratory period. The MOU shall remain valid for 6 months or such extended period as agreed in writing by the parties.

Full announcement of the Proposed JV will be made in the event the parties have executed a joint venture agreement which shall constitute the definitive binding contract between the parties.

None of the Directors nor major shareholders of FGV or persons connected with them has any interest, direct or indirect, in the MOU.

The press release in relation to the above matter is attached to the announcement.

This announcement is dated 1 October 2012.



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