October 25, 2012

Company announcements: PUNCAK, BGYEAR, PETONE, AUTOAIR, AZRB, LIPO, ULICORP, JOHOTIN

PUNCAK - OTHERS PUNCAK NIAGA HOLDINGS BERHAD (416087-U) (“PUNCAK” OR THE “COMPANY”) EXTENSION OF TENOR FOR THE USD36.0 MILLION SYNDICATED TERM LOAN FACILITY BY SUB-SUBSIDIARY, KGL LTD.

Announcement Type: General Announcement
Company NamePUNCAK NIAGA HOLDINGS BERHAD  
Stock Name PUNCAK  
Date Announced25 Oct 2012  
CategoryGeneral Announcement
Reference NoPN-121025-A7323

TypeAnnouncement
SubjectOTHERS
DescriptionPUNCAK NIAGA HOLDINGS BERHAD (416087-U) (“PUNCAK” OR THE “COMPANY”)
EXTENSION OF TENOR FOR THE USD36.0 MILLION SYNDICATED TERM LOAN FACILITY BY SUB-SUBSIDIARY, KGL LTD.

Reference is made to the Company’s earlier announcement dated 29 February 2012�in relation to the acceptance of USD36.0 million Syndicated Term Loan Facility by sub-subsidiary, KGL Ltd (“KGL’s Term Loan Facility”).

We wish to�update the Exchange that OCBC Bank (Malaysia) Berhad and Hong Leong Bank Berhad (“the Lenders”) had approved an extension of the tenor�for KGL's�Term Loan Facility for four and a half (4.5) years up to 29 April 2017.

This announcement is dated 25 October 2012.


BGYEAR - OTHERS BINA GOODYEAR BERHAD ("BGB" AND/OR "THE COMPANY") PROPOSED DEBT SETTLEMENT TO IDENTIFIED SCHEME CREDITORS ("SCHEME CREDITORS") OF THE BGB GROUP (NAMELY, THE IDENTIFIED SCHEME CREDITORS OF BG BUILDERS SDN BHD, BG REALTY SDN BHD, SERANTA MACHINERY EQUIPMENT SDN BHD) VIA CASH AND/OR SHARES TO BE IMPLEMENTED VIA A COURT CONVENED MEETING ('PDS") AND SUBJECT TO THE APPROVAL OF BURSA MALAYSIA AND THE SHAREHOLDERS OF BGB.

Announcement Type: General Announcement
Company NameBINA GOODYEAR BERHAD  
Stock Name BGYEAR  
Date Announced25 Oct 2012  
CategoryGeneral Announcement
Reference NoBG-121024-57291

TypeAnnouncement
SubjectOTHERS
DescriptionBINA GOODYEAR BERHAD ("BGB" AND/OR "THE COMPANY")

PROPOSED DEBT SETTLEMENT TO IDENTIFIED SCHEME CREDITORS ("SCHEME CREDITORS") OF THE BGB GROUP (NAMELY, THE IDENTIFIED SCHEME CREDITORS OF BG BUILDERS SDN BHD, BG REALTY SDN BHD, SERANTA MACHINERY EQUIPMENT SDN BHD) VIA CASH AND/OR SHARES TO BE IMPLEMENTED VIA A COURT CONVENED MEETING ('PDS") AND SUBJECT TO THE APPROVAL OF BURSA MALAYSIA AND THE SHAREHOLDERS OF BGB.

The Board of Directors of Bina Goodyear Berhad (“BGB” or “the Company”) wishes to announce that the Company proposes to proceed with the implementation of the proposed debt settlement to the identified scheme creditors of the BGB Group (namely, the identified scheme creditors of BG Builders Sdn Bhd, BG Realty Sdn Bhd and Seranta Machinery & Equipment Sdn Bhd) via cash and/or shares to be implemented via a Court convened meeting (“PDS”) and subject to the approval of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) and the shareholders of BGB. 

Please refer to the attachment document (Appendix I) for full text of the announcement pertaining to the Proposal.


This announcement is dated 25 October 2012.

Attachments

announcement (PDS).doc
44 KB


PETONE - Changes in Director's Interest (S135) - Lim Kian Boon

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePETROL ONE RESOURCES BERHAD  
Stock Name PETONE  
Date Announced25 Oct 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-121025-4FFEC

Information Compiled By KLSE

Particulars of Director

NameLim Kian Boon
AddressC-1-10, Desa Permai Condo, Jalan Morib, Taman Desa, 58100 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary shares of RM 1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
21/09/2012
800,000
0.170 
Disposed
22/10/2012
220,000
0.170 
Disposed
22/10/2012
274,300
0.170 
Disposed
23/10/2012
450,000
0.170 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect and Indirect
Consideration (if any) 

Total no of securities after change

Direct (units)0 
Direct (%)0 
Indirect/deemed interest (units)37,200 
Indirect/deemed interest (%)0.07 
Date of notice25/10/2012

Remarks :
Overall Interests after change :

Indirect Interest: 37,200
- Deemed interested by virtue of shares held in bare trust under his spouse Soong Chin Yee.

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

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

Announcement Type: General Announcement
Company NameAUTOAIR HOLDINGS BERHAD  
Stock Name AUTOAIR  
Date Announced25 Oct 2012  
CategoryGeneral Announcement
Reference NoCA-121025-4FC92

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionAUTOAIR HOLDINGS BERHAD ("Autoair " or "the Company")
- Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

The Board of Directors of Autoair is proposing to seek shareholders' approval at the forthcoming Annual General Meeting ("AGM") of the Company for the proposed renewal of existing shareholders’ mandate for Recurrent Related Party Transactions of a revenue or trading nature (“Proposed Mandate”).

The Circular to Shareholders of Autoair containing the information of the Proposed Mandate will be sent to the shareholders of the Company and despatched with the Annual Report for the financial year ended 30 June 2012 in due course.

This announcement is dated 25 October 2012


AZRB - OTHERS INVESTMENT IN NEW SUBSIDIARY

Announcement Type: General Announcement
Company NameAHMAD ZAKI RESOURCES BERHAD  
Stock Name AZRB  
Date Announced25 Oct 2012  
CategoryGeneral Announcement
Reference NoAZ-121024-60783

TypeAnnouncement
SubjectOTHERS
DescriptionINVESTMENT IN NEW SUBSIDIARY

The Board of Directors of Ahmad Zaki Resources Berhad (“AZRB” or “the Company”) wishes to announce that the Company has on 25 October 2012 acquired one (1) share of RM1� representing 50% of the issued and paid-up share capital of Temala� Development Sdn Bhd (“Temala Development”) for a cash consideration of RM1 only ("the acquisition")

Temala Development was incorporated on 24 June 2010 with an authorised share capital of RM100,000� divided into 100,000 ordinary shares of RM1 each and issued and paid-up share capital of RM2 divided into two (2) ordinary shares of RM1 each.

Subsequently, the authorised share capital was increased to RM500,000 divided into 500,000 ordinary shares of RM1 each. AZRB has subscribed RM349,999 new shares divided into 349,999 ordinary shares of RM1 each in Temala Development. Following the subscription of the new shares, Temala Development will be a 70% subsidiary of AZRB.

Temala Development‘s intended principal activity is property development and investment. However, it has not commenced operation since its incorporation.

The acquisition does not have any material impact on the earnings and the net assets of AZRB.

Save for Dato’ Sri Haji Wan Zaki bin Haji Wan Muda, who is a director in AZRB and a common shareholder in AZRB and Temala Development, none of the directors and/or major shareholders of AZRB and persons connected with them have any interest, direct or indirect in the acquisition.

The Directors of AZRB is of the opinion that the acquisition is in the best interest of the Company.

This announcement is dated 25 October 2012.


LIPO - OTHERS SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“SCR”)

Announcement Type: General Announcement
Company NameLIPO CORPORATION BERHAD  
Stock Name LIPO  
Date Announced25 Oct 2012  
CategoryGeneral Announcement
Reference NoOI-121025-53786

TypeAnnouncement
SubjectOTHERS
DescriptionSELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“SCR”)
We refer to the earlier announcements dated 22 March 2012, 16 April 2012, 26 April 2012, 3 May 2012, 11 May 2012, 14 May 2012, 5 June 2012, 21 June 2012, 13 July 2012, 10 August 2012, 22 August 2012, 29 August 2012, 6 September 2012, 28 September 2012 and 11 October 2012 in relation to the SCR.
On behalf of the Board of Directors of Lipo Corporation Berhad, OSK Investment Bank Berhad wishes to announce that the SCR has taken effect today following the lodgment of the sealed copy of the order of the High Court of Malaya at Penang dated 5 October 2012 (confirming the SCR) with the Companies Commission of Malaysia today.

This announcement is dated 25 October 2012.

ULICORP - UNITED U-LI CORPORATION BERHAD (“ULICORP” or "the Company") -Reply to query ACQUISITION OF PROPERTY COMPRISING A PLOT OF INDUSTRIAL LAND TOGETHER WITH A TWO (2) STOREY OFFICE, TWO (2) STOREY FACTORY BUILDING AND OTHER ANCILLARY BUILDINGS VIA PUBLIC AUCTION BY UNITED U-LI (M) SDN BHD (“ULSB”)(A WHOLLY-OWNED SUBSIDIARY OF ULICORP) FOR A TOTAL CONSIDERATION OF RM13,200,000.00 (“ACQUISITION")

Announcement Type: General Announcement
Company NameUNITED U-LI CORPORATION BERHAD  
Stock Name ULICORP  
Date Announced25 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121025-55999

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-121024-62860
SubjectUNITED U-LI CORPORATION BERHAD (“ULICORP” or "the Company")
-Reply to query
ACQUISITION OF PROPERTY COMPRISING A PLOT OF INDUSTRIAL LAND TOGETHER WITH A TWO (2) STOREY OFFICE, TWO (2) STOREY FACTORY BUILDING AND OTHER ANCILLARY BUILDINGS VIA PUBLIC AUCTION BY UNITED U-LI (M) SDN BHD (“ULSB”)(A WHOLLY-OWNED SUBSIDIARY OF ULICORP) FOR A TOTAL CONSIDERATION OF RM13,200,000.00 (“ACQUISITION")
DescriptionReference is made to the Company's announcement dated 22 October 2012 and Bursa Malaysia Securities Berhad's query letter dated 24 October 2012 (Ref : NM-121024-62860)

The Board of Directors of ULICORP hereby furnishes the following addtional information for public release:-

1. Information not available at this point of time.

2. The existing use of the Property is for the manufacturing of lead-frames and the provision of inspection services but it is currently inactive. The proposed use of the Property are:-
(a) to install a slitting and shearing machine for the cable support system;
(b) to manufacture electrical conduit pipe;
(c) to manufacture electrical ducting;and
(d) to manufacture electrical lightings fittings/components

3. The vendor is Advance Metal Substrate Technology Sdn Bhd (a subsidary of Hexagon Holdings Berhad) which had been placed under Members' Voluntary Winding Up pursuant to a special resolution passed at the Extraordinary Meeting held on 8 June 2012 in accordance with Section 254(1) (b) of the Companies Act, 1965

4. The reserve price as stated in the Proclamation of Sale is RM13,200,000.00

5. The main prospect of the Property is that it has a vacant land of approximately 5 acres which can be used for current and future expansion for the Company. The Property is also strategically located in the Nilai Industrial Estate with all necessary infrastructure in place.

6. The highest percentage ratio applicable to the transaction is 7.98%

7. The timeframe for submission of application to the State Authority will be made within 14 days from the date of auction.

This announcement is dated 25 October 2012.
Query Letter Contents We refer to your announcement dated 22 October 2012 in respect of the aforesaid
matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1) To state the age of buildings and built up area, if available.
2) To describe the existing and proposed use of the Property.
3) To include brief details on the vendor (registered owner), if available.
4) To disclose the reserve price as stated in the Proclamation of Sale.
5) To briefly describe the prospects of the Property acquired.
6) To state the highest percentage ratio applicable to the transaction.
7) To include the timeframe for submission of application to the State
Authority.

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

Yours faithfully




WAN CHOON YEN
Sr Manager, Issuers
Listing Division
Regulation

WCY/NM

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


JOHOTIN - Changes in Sub. S-hldr's Int. (29B) - Datin Fawziah Binti Hussein Sazally

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameJOHORE TIN BERHAD  
Stock Name JOHOTIN  
Date Announced25 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCJ-121023-63634

Particulars of substantial Securities Holder

NameDatin Fawziah Binti Hussein Sazally
Address101 Jalan SS3/41, Taman Subang, 47300 Petaling Jaya, Selangor
NRIC/Passport No/Company No.541121-08-5234
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary/ RM1.00
Name & address of registered holderGenting Perwira Sdn. Bhd.
D-1-3A, Jalan SS6/20A, Dataran Glomac, Pusat Bandar Kelana Jaya, 47301 Petaling Jaya, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others22/10/2012
20,000
1.650 

Description of other type of transactionDeemed interest of Datin Fawziah Binti Hussein Sazally by virtue of disposal of shares by Genting Perwira Sdn. Bhd. of which she is a director and substantial shareholder
Circumstances by reason of which change has occurredDisposal of Johore Tin Berhad's shares by Genting Perwira Sdn. Bhd.
Nature of interestIndirect
Direct (units)21,500 
Direct (%)0.0307 
Indirect/deemed interest (units)3,745,880 
Indirect/deemed interest (%)5.35 
Total no of securities after change3,767,380
Date of notice25/10/2012

Remarks :
Indirect interest by virtue of Genting Perwira Sdn. Bhd. ("GPSB")'s shareholdings in JTB of which she is a director and substantial sharheolder: 3,687,880
Indirect interest by virtue of her husband, Datuk Kamaludin Bin Yusoff's shareholdings in JTB: 58,000

This announcement is dated 25 October 2012.

JOHOTIN - Changes in Sub. S-hldr's Int. (29B) - Datuk Kamaludin Bin Yusoff

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameJOHORE TIN BERHAD  
Stock Name JOHOTIN  
Date Announced25 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCJ-121023-64051

Particulars of substantial Securities Holder

NameDatuk Kamaludin Bin Yusoff
Address101 Jalan SS3/41, Taman Subang, 47300 Petaling Jaya, Selangor
NRIC/Passport No/Company No.480620-08-5283
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary/ RM1.00
Name & address of registered holderGenting Perwira Sdn. Bhd.
D-1-3A, Jalan SS6/20A, Dataran Glomac, Pusat Bandar Kelana Jaya, 47301 Petaling Jaya, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others22/10/2012
20,000
1.650 

Description of other type of transactionDeemed interest of Datuk Kamaludin Bin Yusoff by virtue of disposal of shares of Genting Perwira Sdn. Bhd. of which his wife, Datin Fawziah Binti Hussein Sazally is a director and substantial shareholder.
Circumstances by reason of which change has occurredDisposal of Johore Tin Berhad's shares by Genting Perwira Sdn. Bhd.
Nature of interestIndirect
Direct (units)58,000 
Direct (%)0.0829 
Indirect/deemed interest (units)3,709,380 
Indirect/deemed interest (%)5.3 
Total no of securities after change3,767,380
Date of notice25/10/2012

Remarks :
Indirect interest by virtue of Genting Perwira Sdn. Bhd. (GPSB")'s shareholdings in JTB of which his wife is a director and substantial shareholder of GPSB: 3,687,880
Indirect interest by virtue of his wife's shareholdings in JTB: 21,500

This announcement is dated 25 October 2012.

JOHOTIN - Changes in Sub. S-hldr's Int. (29B) - Genting Perwira Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameJOHORE TIN BERHAD  
Stock Name JOHOTIN  
Date Announced25 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCJ-121025-37629

Particulars of substantial Securities Holder

NameGenting Perwira Sdn. Bhd.
AddressD-1-3A, Jalan SS6/20A, Dataran Glomac, Pusat Bandar Kelana Jaya, 47301 Petaling Jaya, Selangor
NRIC/Passport No/Company No.184217-K
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary/ RM1.00
Name & address of registered holderGenting Perwira Sdn. Bhd.
D-1-3A, Jalan SS6/20A, Dataran Glomac, Pusat Bandar Kelana Jaya, 47301 Petaling Jaya, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed22/10/2012
20,000
1.650 

Circumstances by reason of which change has occurredDisposal of Johore Tin Berhad's shares
Nature of interestDirect
Direct (units)3,687,880 
Direct (%)5.27 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change3,687,880
Date of notice25/10/2012

Remarks :
This announcement is dated 25 October 2012.

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