October 10, 2012

Company announcements: TIMECOM, NAIM, RSAWIT, ECS, KIMLUN

TIMECOM - Changes in Sub. S-hldr's Int. (29B) - Megawisra Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTIME DOTCOM BERHAD  
Stock Name TIMECOM  
Date Announced10 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTD-121009-833C0

Particulars of substantial Securities Holder

NameMegawisra Sdn Bhd
AddressSuite 6.01, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur
NRIC/Passport No/Company No.665235-A
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderPulau Kapas Ventures Sdn Bhd
Suite 6.01, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Megawisra Sdn Bhd
Suite 6.01, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Global Transit International Sdn Bhd ("GTI")
Suite 6.02, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/10/2012
40,000
 
Disposed03/10/2012
180,000
 
Disposed04/10/2012
97,500
 
Acquired05/10/2012
277,500
 

Circumstances by reason of which change has occurredAcquisition and disposal of shares in open market by GTI.
Nature of interestIndirect interest.
Direct (units)24,831,363 
Direct (%)4.341 
Indirect/deemed interest (units)181,921,759 
Indirect/deemed interest (%)31.8 
Total no of securities after change206,753,122
Date of notice10/10/2012

Remarks :
Form 29B was received by the Company on 10 October 2012.


TIMECOM - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (Diperbadankan) ("KWAP")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTIME DOTCOM BERHAD  
Stock Name TIMECOM  
Date Announced10 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTD-121010-D1A05

Particulars of substantial Securities Holder

NameKumpulan Wang Persaraan (Diperbadankan) ("KWAP")
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/10/2012
695,900
 
Acquired04/10/2012
1,069,900
 

Circumstances by reason of which change has occurredAcquisition of shares in open market by KWAP's Fund Manager
Nature of interestIndirect interest.
Direct (units)32,944,248 
Direct (%)5.76 
Indirect/deemed interest (units)3,874,900 
Indirect/deemed interest (%)0.68 
Total no of securities after change36,819,148
Date of notice10/10/2012

Remarks :
Form 29B was received by the Company on 10 October 2012.


TIMECOM - Changes in Sub. S-hldr's Int. (29B) - Megawisra Investments Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTIME DOTCOM BERHAD  
Stock Name TIMECOM  
Date Announced10 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTD-121009-833BE

Particulars of substantial Securities Holder

NameMegawisra Investments Limited
AddressPalm Grove House, P.O. Box 438
Road Town Tortola
British Virgin Islands
VG 1110
NRIC/Passport No/Company No.641089
Nationality/Country of incorporationBritish Virgin Islands
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderPulau Kapas Ventures Sdn Bhd
Suite 6.01, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Megawisra Sdn Bhd
Suite 6.01, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Global Transit International Sdn Bhd ("GTI")
Suite 6.02, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/10/2012
40,000
 
Disposed03/10/2012
180,000
 
Disposed04/10/2012
97,500
 
Acquired05/10/2012
277,500
 

Circumstances by reason of which change has occurredAcquisition and disposal of shares in open market by GTI.
Nature of interestIndirect interest.
Direct (units)
Direct (%)
Indirect/deemed interest (units)206,753,122 
Indirect/deemed interest (%)36.141 
Total no of securities after change206,753,122
Date of notice10/10/2012

Remarks :
Form 29B was received by the Company on 10 October 2012.


TIMECOM - Changes in Sub. S-hldr's Int. (29B) - Gan Te-Shen

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTIME DOTCOM BERHAD  
Stock Name TIMECOM  
Date Announced10 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTD-121009-833BD

Particulars of substantial Securities Holder

NameGan Te-Shen
AddressNo. 21, Jalan Tanjung Sepat
Bukit Seputeh
58000 Kuala Lumpur
NRIC/Passport No/Company No.770305-14-5085
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderPulau Kapas Ventures Sdn Bhd
Suite 6.01, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Megawisra Sdn Bhd
Suite 6.01, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Global Transit International Sdn Bhd ("GTI")
Suite 6.02, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/10/2012
40,000
 
Disposed03/10/2012
180,000
 
Disposed04/10/2012
97,500
 
Acquired05/10/2012
277,500
 

Circumstances by reason of which change has occurredAcquisition and disposal of shares in open market by GTI.
Nature of interestIndirect interest.
Direct (units)
Direct (%)
Indirect/deemed interest (units)206,753,122 
Indirect/deemed interest (%)36.141 
Total no of securities after change206,753,122
Date of notice10/10/2012

Remarks :
Form 29B was received by the Company on 10 October 2012.


TIMECOM - Changes in Sub. S-hldr's Int. (29B) - Afzal Bin Abdul Rahim

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTIME DOTCOM BERHAD  
Stock Name TIMECOM  
Date Announced10 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTD-121009-833B3

Particulars of substantial Securities Holder

NameAfzal Bin Abdul Rahim
Address27, Jalan Cinta Alam
Country Heights
43000 Kajang
Selangor Darul Ehsan
NRIC/Passport No/Company No.780104-71-5167
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderPulau Kapas Ventures Sdn Bhd
Suite 6.01, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Megawisra Sdn Bhd
Suite 6.01, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Global Transit International Sdn Bhd ("GTI")
Suite 6.02, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/10/2012
40,000
 
Disposed03/10/2012
180,000
 
Disposed04/10/2012
97,500
 
Acquired05/10/2012
277,500
 

Circumstances by reason of which change has occurredAcquisition and disposal of shares in open market by GTI.
Nature of interestIndirect interest.
Direct (units)
Direct (%)
Indirect/deemed interest (units)206,753,122 
Indirect/deemed interest (%)36.141 
Total no of securities after change206,753,122
Date of notice10/10/2012

Remarks :
Form 29B was received by the Company on 10 October 2012.


TIMECOM - Changes in Sub. S-hldr's Int. (29B) - Global Transit International Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTIME DOTCOM BERHAD  
Stock Name TIMECOM  
Date Announced10 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTD-121009-833BF

Particulars of substantial Securities Holder

NameGlobal Transit International Sdn Bhd
AddressSuite 6.02, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur
NRIC/Passport No/Company No.686839-U
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderPulau Kapas Ventures Sdn Bhd
Suite 6.01, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Global Transit International Sdn Bhd
Suite 6.02, 6th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/10/2012
40,000
 
Disposed03/10/2012
180,000
 
Disposed04/10/2012
97,500
 
Acquired05/10/2012
277,500
 

Circumstances by reason of which change has occurredAcquisition and disposal of shares in open market.
Nature of interestDirect interest.
Direct (units)1,147,400 
Direct (%)0.201 
Indirect/deemed interest (units)180,774,359 
Indirect/deemed interest (%)31.6 
Total no of securities after change181,921,759
Date of notice10/10/2012

Remarks :
Form 29B was received by the Company on 10 October 2012.


NAIM - OTHERS ACQUISITION OF SUBSIDIARY

Announcement Type: General Announcement
Company NameNAIM HOLDINGS BERHAD  
Stock Name NAIM  
Date Announced10 Oct 2012  
CategoryGeneral Announcement
Reference NoNH-121010-62528

TypeAnnouncement
SubjectOTHERS
DescriptionACQUISITION OF SUBSIDIARY

Naim Holdings Berhad (the “Company” or “Naim”) wishes to announce that its subsidiary, Naim Land Sdn. Bhd. (“NLSB”) has on 10 October 2012 acquired the following company:-

 

Name of Company

Company No.

No. of Shares Acquired

Consideration

(RM)

Lotus Paradigm Sdn. Bhd. (“LPSB”)

1013906-P

70

70

 

Upon acquisition, NLSB holds 70% of the total shareholding.

 

LPSB was incorporated in Malaysia as a private limited company under the Companies Act of Malaysia on 15 August 2012.

 

LPSB has an authorized share capital of RM100,000 comprising of 100,000 ordinary shares of RM1.00 each of which RM100 comprising of 100 ordinary shares of RM1.00 each have been issued and fully paid-up. LPSB has not commenced business since incorporation.

 

The said acquisition will not have any effect on Naim’s share capital, substantial shareholders’ shareholdings, earnings and net assets for the financial year ending 31 December 2012.

 

None of the directors and/or shareholders of Naim Group and/or persons connected with them, have any interest, direct or indirect, in the said acquisition.

 


This announcement is dated 10 October 2012.



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

Announcement Type: General Announcement
Company NameRIMBUNAN SAWIT BERHAD  
Stock Name RSAWIT  
Date Announced10 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121009-2C88F

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionIn accordance with Paragraph 9.36 of the Main Market Listing Requirements, Rimbunan Sawit Berhad wishes to announce that the plantation production figures of the Group for the month of September 2012 are set out in the table below.
Product
Metric tonne
Crude palm oil
5,896.60
Palm kernel
1,241.09


ECS - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameECS ICT BERHAD  
Stock Name ECS  
Date Announced10 Oct 2012  
CategoryGeneral Meetings
Reference NoMI-121010-60217

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting10/10/2012
Time02:00 PM
VenueTraining Room, Ground Floor, Lot 3, Jalan Teknologi 3/5, Taman Sains Selangor, Kota Damansara, 47810 Petaling Jaya, Selangor Darul Ehsan
Outcome of Meeting

ECS ICT BERHAD (“ECSB” or “Company”)

PROPOSED BONUS ISSUE OF 60,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN ECSB (“ECSB SHARES”) (“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING ECSB SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE”)

Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 10 September 2012 by the Company in relation to the Proposed Bonus Issue.

We refer to the announcements dated 10 September 2012, 11 September 2012, 14 September 2012 and 19 September 2012 in relation to the Proposed Bonus Issue.

On behalf of the Board of Directors of ECSB, Maybank Investment Bank Berhad is pleased to announce that the shareholders of ECSB have, at the extraordinary general meeting (“EGM”) held today, approved the ordinary resolution in relation to the Proposed Bonus Issue as set out in the Notice of EGM dated 20 September 2012.

This announcement is dated 10 October 2012.




KIMLUN - OTHERS KIMLUN CORPORATION BERHAD (“KIMLUN” OR THE “COMPANY”) - EXEMPTION FROM A MANDATORY OFFER OBLIGATION FOR PHIN SDN BHD ("PHIN") FOR THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN KIMLUN (“KIMLUN SHARES”) NOT ALREADY HELD BY PHIN AND PERSONS ACTING IN CONCERT WITH IT (“PAC ”) PURSUANT TO PARAGRAPH 21.1(C) OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 (“CODE”) (“EXEMPTION”)

Announcement Type: General Announcement
Company NameKIMLUN CORPORATION BERHAD  
Stock Name KIMLUN  
Date Announced10 Oct 2012  
CategoryGeneral Announcement
Reference NoCK-121010-54467

TypeAnnouncement
SubjectOTHERS
DescriptionKIMLUN CORPORATION BERHAD (“KIMLUN” OR THE “COMPANY”)
- EXEMPTION FROM A MANDATORY OFFER OBLIGATION FOR PHIN SDN BHD ("PHIN") FOR THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN KIMLUN (“KIMLUN SHARES”) NOT ALREADY HELD BY PHIN AND PERSONS ACTING IN CONCERT WITH IT (“PAC ”) PURSUANT TO PARAGRAPH 21.1(C) OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 (“CODE”) (“EXEMPTION”)

1.�������� INTRODUCTION

We wish to announce that on even date, we have received notification from Pang Tin @ Pang Yon Tin (“Pang Tin”), our Executive Chairman, that he had entered into a share sale agreement with PHIN on even date for the disposal of his shareholding of 80,300,000 Kimlun Shares, representing approximately 33.40% equity interest in Kimlun, to PHIN for a disposal consideration of RM8,030,000 to be satisfied entirely by the issuance of 8,030,000 new ordinary shares of RM1.00 each in PHIN (“PHIN Shares”) at par value (“SSA”) (“Reorganisation”).

As at 1 October 2012, Pang Tin is the single largest shareholder of Kimlun with a direct shareholding of 92,421,200 Kimlun Shares, representing approximately 38.44% equity interest in Kimlun. Pang Tin together with his family members, namely Pang Khang Hau, Pang Yili, Sunny Pang Yi Lin, Pang Yi Shia, Phang Piow @ Pang Choo Ing, Pang Chew Ngo and Pang Yon Keong, collectively hold approximately 50.41% equity interest in Kimlun.

Upon completion of the Reorganisation, PHIN’s equity interest in Kimlun will increase from nil to more than 33% (thereby gaining control in Kimlun) and the collective equity interest held by PHIN and its PAC (namely Pang Tin and his family members) in Kimlun will remain at approximately 50.41%. In this regard, pursuant to Part III, Section 9(1)(a) of the Code, PHIN will trigger a mandatory offer obligation to acquire the remaining Kimlun Shares not already held by it and its PAC.

Relating to the Reorganisation, PHIN had sought the Exemption from the Securities Commission Malaysia (“SC”) under paragraph 21.1(c) of Practice Note 9 of the Code, whereby it allows an exemption from a mandatory offer obligation in a situation where a group of persons acting in concert holding more than 50% of the voting shares or voting rights of an offeree and as a result of acquisition of voting shares or voting rights from either members of the group or non-members, a member of the group will control the offeree. The SC had vide its letter dated 1 October 2012 granted the approval for the Exemption.

There was no immediate announcement made upon receiving the SC’s approval for the Exemption as PHIN has not been incorporated and the SSA has not been signed at the point the approval was granted.

2.������������INFORMATION ON PHIN

PHIN was incorporated in Malaysia under the Companies Act, 1965 on 9 October 2012 as a private limited company. As at 9 October 2012, the authorised capital of PHIN is RM10,000,000 divided into 10,000,000 ordinary shares of RM1.00 each and its paid-up share capital is RM2 divided into 2 ordinary shares of RM1.00 each.

The principal activity of PHIN is investment holding.

As at 9 October 2012, the shareholders and Directors of PHIN and their respective shareholdings in PHIN are as follows:

Direct

Shareholder
and Director

Relationship with Pang Tin

No. of
PHIN Shares

%

Pang Tin

-

1

50.00

Pang Khang Hau

Son

1

50.00

Wang Ah Yu

Wife

0

0.00

3.������������TIME FRAME FOR COMPLETION

Barring any unforeseen circumstances, the Reorganisation is expected to be completed by 8 December 2012.

This announcement is dated 10 October 2012.



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