October 1, 2012

Company announcements: KAWAN, HELP, WZSTEEL, VASTALX, DIALOG, VINTAGE, GUNUNG

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

Announcement Type: General Announcement
Company NameKAWAN FOOD BERHAD  
Stock Name KAWAN  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121001-57937

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionKAWAN FOOD BERHAD ("KAWAN FOOD" OR "THE COMPANY")
- JOINT VENTURE AGREEMENT
We refer to our announcement dated 7 August 2012.
The Board of Directors of Kawan Food wishes to announce that Kawan Food Confectionery Sdn Bhd ("KFC"), a wholly-owned subsidiary company of Kawan Food had on 1 October 2012 entered into a joint venture agreement with Hot & Roll Holdings Sdn Bhd ("Hot & Roll") to record the mutual agreement reached between KFC and Hot & Roll and to set out the basic principles for co-operation and collaboration in Hot & Go Management Sdn. Bhd. ("Hot & Go Management"), the joint-venture company which objective is to embark on a business to operate retail kiosk, restaurants and/or cafeterias for the Trademark “Hot & Go” ("Joint Venture"). The agreed shareholding ratio of KFC and Hot & Roll is as follows:

KFC : 50%
Hot & Roll : 50%

Pursuant thereto, the paid-up capital of Hot & Go Management will be increased to RM200,000.00 comprising 200,000 ordinary shares of RM1.00 each to be subscribed and paid for in cash in accordance with respective shareholdings in Hot & Go Management.

The Joint-Venture will not have any effect on the share capital of the substantial shareholders’ shareholding of Kawan Food and is not expected to have a material effect on the net assets, earnings and gearing of Kawan Food Group for the financial ending 31 December 2012.

Mr Gan Thiam Chai, a director and substantial shareholder of the Company is also a director and substantial shareholder of Hot & Roll, Hot & Go Management and KFC. Mr Gan Thiam Chai is the spouse of Madam Kwan Sok Kay, a director and substantial shareholder of the Company. Mr Gan Thiam Chai is also the brother of Mr Gan Thiam Hock, a substantial shareholder and director of the Company and KFC.

Save for the above, none of the Directors and/or substantial shareholders of the Company and/or persons connected with them has any interest, direct or indirect, in the Joint Venture.

This announcement is dated 1 October 2012.


HELP - Changes in Sub. S-hldr's Int. (29B) - Datuk Dr. Chan Tuck Hoong

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHELP INTERNATIONAL CORPORATION BERHAD  
Stock Name HELP  
Date Announced1 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-121001-97FBE

Particulars of substantial Securities Holder

NameDatuk Dr. Chan Tuck Hoong
AddressLot 571, Jalan 5/66A, Bukit Gasing, 46000 Petaling Jaya, Selangor Darul Ehsan
NRIC/Passport No/Company No.430226-10-5375
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderChan Eu-Khin
Lot 571, Jalan 5/66A, Bukit Gasing, 46000 Petaling Jaya, Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired28/09/2012
20,000
2.000 

Circumstances by reason of which change has occurredAcquisition of 20,000 ordinary shares by his son, Mr. Chan Eu-Khin.
Nature of interestIndirect
Direct (units)2,676,304 
Direct (%)1.88 
Indirect/deemed interest (units)9,639,623 
Indirect/deemed interest (%)6.79 
Total no of securities after change12,315,927
Date of notice01/10/2012

Remarks :
Overall Interest:-

Direct Interest: 2,676,304

Indirect Interest: 9,639,623
- Deemed interested by virtue of his wife, Datin Low Kam Yoke's shareholdings i.e. 3,437,848 ordinary shares
- Deemed interested by virtue of his son, Mr. Chan Eu-Khin's shareholdings i.e. 6,192,175 ordinary shares
- Deemed interested by virtue of his daughter, Ms. Chan Ji-Quandt's shareholdings i.e. 9,600 ordinary shares


HELP - Changes in Sub. S-hldr's Int. (29B) - Datin Low Kam Yoke

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHELP INTERNATIONAL CORPORATION BERHAD  
Stock Name HELP  
Date Announced1 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-121001-97FBD

Particulars of substantial Securities Holder

NameDatin Low Kam Yoke
AddressLot 571, Jalan 5/66A, Bukit Gasing, 46000 Petaling Jaya, Selangor Darul Ehsan
NRIC/Passport No/Company No.440805-10-5360
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderChan Eu-Khin
Lot 571, Jalan 5/66A, Bukit Gasing, 46000 Petaling Jaya, Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired28/09/2012
20,000
2.000 

Circumstances by reason of which change has occurredAcquisition of 20,000 ordinary shares by her son, Mr. Chan Eu-Khin.
Nature of interestIndirect
Direct (units)3,437,848 
Direct (%)2.42 
Indirect/deemed interest (units)8,878,079 
Indirect/deemed interest (%)6.25 
Total no of securities after change12,315,927
Date of notice01/10/2012

Remarks :
Overall Interest:-

Direct Interest: 3,437,848

Indirect Interest: 8,878,079
- Deemed interested by virtue of her husband, Datuk Dr. Chan Tuck Hoong's shareholdings i.e. 2,676,304 ordinary shares
- Deemed interested by virtue of her son, Mr. Chan Eu-Khin's shareholdings i.e. 6,192,175 ordinary shares
- Deemed interested by virtue of her daughter, Ms. Chan Ji-Quandt's shareholdings i.e. 9,600 ordinary shares


HELP - Changes in Director's Interest (S135) - Chan Eu-Khin

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameHELP INTERNATIONAL CORPORATION BERHAD  
Stock Name HELP  
Date Announced1 Oct 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-121001-98A11

Information Compiled By KLSE

Particulars of Director

NameChan Eu-Khin
AddressLot 571, Jalan 5/66A, Bukit Gasing, 46000 Petaling Jaya, Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary Shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
28/09/2012
20,000
2.000 

Circumstances by reason of which change has occurredAcquisition of 20,000 ordinary shares
Nature of interestDirect
Consideration (if any)RM40,000/- 

Total no of securities after change

Direct (units)6,192,175 
Direct (%)4.36 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice01/10/2012

Remarks :
The acquisition of 20,000 ordinary shares represents 0.014% of the total issued and paid up share capital of the Company.

This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


HELP - Changes in Director's Interest (S135) - Datin Low Kam Yoke

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameHELP INTERNATIONAL CORPORATION BERHAD  
Stock Name HELP  
Date Announced1 Oct 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-121001-97FBC

Information Compiled By KLSE

Particulars of Director

NameDatin Low Kam Yoke
AddressLot 571, Jalan 5/66A, Bukit Gasing, 46000 Petaling Jaya, Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary Shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
28/09/2012
20,000
2.000 

Circumstances by reason of which change has occurredAcquisition of 20,000 ordinary shares by her son, Mr. Chan Eu-Khin
Nature of interestIndirect
Consideration (if any)RM40,000/- 

Total no of securities after change

Direct (units)3,437,848 
Direct (%)2.42 
Indirect/deemed interest (units)8,878,079 
Indirect/deemed interest (%)6.25 
Date of notice01/10/2012

Remarks :
Overall Interest:-

Direct Interest: 3,437,848

Indirect Interest: 8,878,079
- Deemed interested by virtue of her husband, Datuk Dr. Chan Tuck Hoong's shareholdings i.e. 2,676,304 ordinary shares
- Deemed interested by virtue of her son, Mr. Chan Eu-Khin's shareholdings i.e. 6,192,175 ordinary shares
- Deemed interested by virtue of her daughter, Ms. Chan Ji-Quandt's shareholdings i.e. 9,600 ordinary shares

This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


WZSTEEL - General Announcement

Announcement Type: General Announcement
Company NameWZ STEEL BERHAD  
Stock Name WZSTEEL  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121001-62230

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-120928-61843
SubjectWZ STEEL BERHAD
- REPLY TO QUERY FROM BURSA MALAYSIA SECURITIES BERHAD ON THE PROPOSED DISPOSAL BY WENG ZHENG SDN. BHD. (“WZSB”), A WHOLLY-OWNED SUBSIDIARY OF WZ STEEL BERHAD (WZ), OF A FREEHOLD LAND HELD UNDER INDIVIDUAL TITLE NO. H.S.(M) 20631, LOT NO. PT 56318, MUKIM CERAS, DAERAH HULU LANGAT, NEGERI SELANGOR FOR A TOTAL CASH CONSIDERATION OF RM9,197,510.00 TO TANG YEOW WAH (“PROPOSED DISPOSAL”)
DescriptionWZ STEEL BERHAD ("WZ" OR “THE COMPANY")

PROPOSED DISPOSAL BY WENG ZHENG SDN. BHD. (“WZSB”), A WHOLLY-OWNED SUBSIDIARY OF WZ STEEL BERHAD (WZ), OF A FREEHOLD LAND HELD UNDER INDIVIDUAL TITLE NO. H.S.(M) 20631, LOT NO. PT 56318, MUKIM CERAS, DAERAH HULU LANGAT, NEGERI SELANGOR FOR A TOTAL CASH CONSIDERATION OF RM9,197,510.00 TO TANG YEOW WAH (“PROPOSED DISPOSAL”)
Query Letter Contents We refer to your Company's announcement dated 27 September 2012 in respect of
the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
The valuation method used by the valuers, Raine & Horne International Zaki +
Partners Sdn. Bhd on the Property.
Quantification of the prevailing market value of property in Balakong area and
the basis of arriving at the prevailing market value.
Brief details on the Indonesian investment on which the proceeds from the
Proposed Disposal are to be utilised.
The breakdown of the utilisation of proceeds from the Proposed Disposal.
The timeframe for full utilisation of proceeds from the Proposed Disposal.
Particular(s) of all liabilities to be assumed by the Purchaser arising from
the Proposed Disposal.
Inclusion of the valuation report on the Property by valuers, Raine & Horne
International Zaki + Partners Sdn. Bhd as document available for inspection

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)

We refer to Bursa Malaysia Securities Berhad's letter dated 1 October 2012 in respect of the above matter.

The Company wishes to provide�the following additional information:-

1.����������������� Valuation method

Market value which is defined as the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.

2.����������������� Quantification of the prevailing market value of property in Balakong

The comparisons of freehold Industrial Land prices at District of Hulu Langat are as follows:

�����������

Comparison 1

Property

:

GM413, Lot 3721, Mukim of Kajang, District of Hulu Langat, Selangor Darul Ehsan.

Location

:

Located within Kawasan Perindustrian Selesa Jaya.

Land Area

:

Approximately 136,129 square feet.

Date of Transaction

:

5 December 2011

Consideration

:

RM10,250,000.00

Analysis

:

RM75.30 per square foot

Comparison 2

Property

:

GM1154, Lot 3405, Mukim of Kajang, District of Hulu Langat, Selangor Darul Ehsan.

Location

:

Located within Kawasan Perindustrian Selesa Jaya.

Land Area

:

Approximately 121,098 square feet.

Date of Transaction

:

5 April 2011

Consideration

:

RM8,480,588.00

Analysis

:

RM70.03 per square foot

Comparison 3

Property

:

GM 1850, Lot 1850, Mukim of Cheras, District of Hulu Langat, Selangor Darul Ehsan.

Location

:

Located within Kawasan Perindustrian Bukit Belimbing.

Land Area

:

Approximately 117, 067 square feet.

Date of Valuation

:

30 April 2012

Consideration

:

RM7,700,000.00

Analysis

:

RM65.77 per square foot

Independent registered valuer

:

Raine & Horne International Zaki + Partners Sdn Bhd

Comparison 4

Property

:

GM 1194, Lot 1890, Mukim of Cheras, District of Hulu Langat, Selangor Darul Ehsan.

Location

:

Located within Kawasan Perindustrian Bukit Belimbing.

Land Area

:

Approximately 83,033 square feet.

Date of Valuation

:

30 April 2012

Market Value

:

RM6,100,000

Analysis

:

RM73.46 per square foot

Independent registered valuer

:

Raine & Horne International Zaki + Partners Sdn Bhd

3.����������������� Details on Indonesian investment

The Indonesian investment is part of the WZ Steel Berhad’s expansion plan to set up a factory in Indonesia. The total estimated investment costs for this new factory in Indonesia would be approximately RM16,000,000 includingland acquisition and construction of manufacturing facilities.

The market for the cold-drawn steel products in Indonesia has seen considerable growth in the past few years. The setting up of production facilities in Indonesia will enable the Group to be closer to its customers and tap the potential of the growing market there. The Delta Silicon Industrial Estate in West Java has been chosen as it has good infrastructure and facilities.

The details of the Indonesian investment are as follows:

RM

Land cost

5,000,000.00

Office and factory

4,400,000.00

Double storey house

300,000.00

Combined drawing machine

3,300,000.00

Other Plant and Machinery

1,900,000.00

Office equipment

100,000.00

Furniture and fitting

150,000.00

Motor vehicle

350,000.00

Misc

500,000.00

Total investment

16,000,000.00

4.����������������� Breakdown of utilisation of proceeds from the Proposed Disposal

The gross proceeds arising from the Proposed Disposal are expected to be utilised as funding for Indonesia investment.The net cash flow arising from the Proposed Disposal as follows:

RM

Total consideration received

9,197,510.00

Less:

Land Conversion Premium

1,088,840.00

Net cash flow arising from the Proposed Disposal

8,108,670.00

Utilisation of proceeds

Construction of office and factory

4,400,000.00

Acquisition of land

3,708,670.00

Total

8,108,670.00

5.����������������� Timeframe for full utilisation of proceeds from the Proposed Disposal

Utilisation of proceeds

Estimated timeframe for utilization

RM

Construction of office and factory

September 2013

4,400,000.00

Acquisition of land

September 2013

3,708,670.00

Total

8,108,670.00

6.����������������� Particular(s) of liabilities to be assumed by the purchaser

There are no liabilities to be assumed by the purchaser arsing from the Proposed Disposal.

7.����������������� Estimated timeframe for the completion of disposal

Within 6 months from the date of execution of SPA. First 3 months is for land conversion by the lawyer and another 3 months for the buyer to settle the balance sum on the date of receipt by the Purchaser’s Solicitor of a certified true copy of the issue document of title to the said Property with category of “industry” land use.

8.����������������� Valuation Report available for inspection

The valuation report is available for inspection at the Registered Office of WZ Steel Berhad at Suite 13.03, 13th Floor, Menara Tan & Tan, 207 Jalan Tun Razak, 50400 Kuala Lumpur during normal office hours from Mondays to Fridays (except public holidays).

This announcement is dated 1 October 2012.



VASTALX - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameVASTALUX ENERGY BERHAD  
Stock Name VASTALX  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoCP-120924-8B2BC

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionOn behalf of the Board of Directors of Vastalux Energy Berhad, we wish to update that there is no development since the Company's last announcement on 3 September 2012.

This announcement is dated 1 October 2012.



DIALOG - 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 NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced1 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-121001-688B8

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
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
1,607,700
 
Disposed26/09/2012
700,000
 

Circumstances by reason of which change has occurredPurchase and Disposal of shares.
Nature of interestDirect
Direct (units)402,674,835 
Direct (%)16.89 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change402,674,835
Date of notice01/10/2012

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Acquired 1,607,700 shares) - 332,480,294 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 11,191,054 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 2,520,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 23,740,567 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 8,620,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) (Disposed 700,000 shares) - 11,422,920 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - 7,000,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - 2,700,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (RHB INV) - 3,000,000 shares

Total No. of shares - 402,674,835 shares


VINTAGE - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameVTI VINTAGE BERHAD  
Stock Name VINTAGE  
Date Announced1 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121001-6DCFB

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionVTI VINTAGE BERHAD (“VVB” or “the Company”)
- Monthly Announcement on Status of Plan to Regularise Condition Pursuant to Practice Note No. 17 of the Main Market Listing Requirements (“PN17”) of Bursa Malaysia Securities Berhad

Reference is made to the Company’s announcement dated 3 September 2012.

The Board of Directors of VTI Vintage Berhad (“VVB” or “the Company”) wishes to announce that the Company is in the midst of finalising the circular to shareholders to approve the proposed regularisation plan of the Company at an extraordinary general meeting to be convened.

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 1 October 2012.



GUNUNG - Changes in Sub. S-hldr's Int. (29B) - DATO' SYED ABU HUSSIN BIN HAFIZ SYED ABDUL FASAL

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGUNUNG CAPITAL BERHAD  
Stock Name GUNUNG  
Date Announced1 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCG-121001-B8FBD

Particulars of substantial Securities Holder

NameDATO' SYED ABU HUSSIN BIN HAFIZ SYED ABDUL FASAL
AddressNo. 47 Jalan USJ 16/5, UEP Subang Jaya, 47630 Subang Jaya, Selangor
NRIC/Passport No/Company No.600729-08-5969
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.40 each
Name & address of registered holderSJ Sec Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Dato' Syed Abu Hussin bin Hafiz Syed Abdul Fasal
Ground Floor, The Podium, Wisma Synergy
72 Pesiaran Jubli Perak, Seksyen 22, 40000 Shah Alam, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/09/2012
231,000
 
Acquired27/09/2012
105,000
 
Acquired28/09/2012
132,000
 

Circumstances by reason of which change has occurredAcquisition in open market
Nature of interestDirect Interest
Direct (units)22,866,170 
Direct (%)20.46 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change22,866,170
Date of notice01/10/2012


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