November 21, 2012

Company announcements: LATEXX, BRAHIMS, WCT

LATEXX - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameLATEXX PARTNERS BERHAD  
Stock Name LATEXX  
Date Announced21 Nov 2012  
CategoryGeneral Announcement
Reference NoCG-121121-80D3A

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionLATEXX PARTNERS BERHAD (“LATEXX” OR THE “COMPANY”)

UNCONDITIONAL TAKE-OVER OFFER BY RHB INVESTMENT BANK BERHAD, ON BEHALF OF SEMPERIT INVESTMENTS ASIA PTE. LTD. (“SIA” OR “OFFEROR”) (“OFFER”)

- ACCEPTANCES LEVEL AND PUBLIC SHAREHOLDING SPREAD REQUIREMENT

The Board of Directors of Latexx wishes to inform that Latexx has today received the attached press release from RHB Investment Bank, on behalf of the Offeror, informing the following:-

(i)������������ the SSA and the Option Agreements have completed in accordance with its terms, today; and

(ii)����������� the Offeror has received valid acceptances in respect of the Offer, resulting in the Offeror holding in aggregate, together with such Latexx Shares that are already acquired, held or entitled to be acquired or held by the Offeror, more than 75% of the listed shares of Latexx (excluding treasury shares) as at 5.00 p.m. (Malaysian time) on 21 November 2012.

As a result, Latexx does not comply with the public shareholding spread requirement ("Public Spread Requirement") as set out under Paragraph 8.02(1) of the Main Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa Securities”).

As stated in Section 4 of the Offer Document dated 29 October 2012:-

(i)���������� the Offeror does not intend to maintain the listing status of Latexx and does not intend to take any steps to address any shortfall in the Public Spread Requirement in the event the level of valid acceptances received pursuant to the Offer results in the Offeror holding in aggregate more than 75% of the listed shares of Latexx (excluding treasury shares). In this case, the Offeror will procure Latexx to take the requisite steps to withdraw its listing status from the Official List of Bursa Securities in accordance with the Listing Requirements.

(ii)��������� if the Offer is accepted by the holders of not less than nine-tenths in the nominal value of the Offer Shares, as defined in the Offer Document (excluding Latexx Shares already held by the Offeror and its persons acting in concert as at the date of the Offer), the Offeror intends to invoke Section 222 of the Capital Markets and Services Act, 2007 (“CMSA”) to compulsorily acquire any remaining Offer Shares for which valid acceptances have not been received subject to Section 224 of the CMSA, and the requisite steps will thereafter be taken to de-list Latexx Shares from the Official List.


As set out in the RHB Investment Bank’s press release dated 9 November 2012 (announced on 12 November 2012),
the Offer will remain open for acceptances until 5.00 p.m. (Malaysian time) on Friday, 23 November 2012.

Please refer to the attached press release for further details.


This announcement is dated 21 November 2012.



BRAHIMS - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameBRAHIM'S HOLDINGS BERHAD  
Stock Name BRAHIMS  
Date Announced21 Nov 2012  
CategoryGeneral Announcement
Reference NoCA-121121-BCD15

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionBrahim’s Holdings Berhad ("the Company")
- Memorandum of Understanding between LSG Sky Chefs-Brahim’s Sdn Bhd and Halal Industry Development Corporation Sdn Bhd

Further to the Company’s announcement made on 17 August 2012, the Board of Directors of the Company wish to announce that to-date there is no further material development on the above matter.

This announcement is dated 21 November 2012.


WCT - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced21 Nov 2012  
CategoryGeneral Announcement
Reference NoWW-121120-7E6B5

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
Description1) Financial Assistance

Pursuant to paragraph 8.23 (1) (ii) and paragraph 3 of the Practice Note No. 11 of the Listing Requirements of Bursa Securities, WCT Berhad (“WCT” or the “Company”) wishes to announce the financial assistance rendered for the third quarter from 1 July 2012 to 30 September 2012 as set out in the table below.

2) Financial Effects

The financial assistance provided during the quarter does not have any material effect on the earnings, net assets and liquidity of WCT.

3) Directors’ or Major Shareholders’ Interest

None of the Directors or Major Shareholders of the Company or any person connected to the Director and/or major Shareholders has any interest, direct or indirect, in the financial assistance transactions as set out below.

This announcement is dated 21 November 2012.

Type of Financial Assistance

Parties

For the period from 01.07.2012 to 30.09.2012

Cumulative Balance as at
30.09.2012

Company
(RM)

Group
(RM)

Company
(RM)

Group
(RM)

Non-interest
bearing advances

Sub-contractors

-

(1,136,667)

-

12,157,044



WCT - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced21 Nov 2012  
CategoryGeneral Meetings
Reference NoWW-121108-53306

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting21/11/2012
Time10:00 AM
VenueConference Room, Ground Floor, No. 12, Jalan Majistret U1/26, Seksyen U1, Lot 44, Hicom-Glenmarie Industrial Park, 40150 Shah Alam, Selangor.
Outcome of Meeting

The Board of Directors of WCT Berhad is pleased to announce that all the following resolutions proposed at the Company’s Extraordinary General Meeting held on Wednesday, 21 November 2012, were decided on show of hands and were duly carried:-

ORDINARY RESOLUTION 1
Proposed Bonus Issue of Shares

ORDINARY RESOLUTION 2
Proposed Bonus Issue of Warrants

SPECIAL RESOLUTION 1
Proposed Increase in Authorised Share Capital

SPECIAL RESOLUTION 2
Proposed Amendment to the Memorandum of Association

This announcement is dated 21 November 2012.



WCT - Quarterly rpt on consolidated results for the financial period ended 30/9/2012

Announcement Type: Financial Results
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced21 Nov 2012  
CategoryFinancial Results
Reference NoWW-121121-34971

Financial Year End31/12/2012
Quarter3
Quarterly report for the financial period ended30/09/2012
The figureshave not been audited

Attachments

WCT-3rd Qtr Results & Notes.pdf
1046 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2012
30/09/2011
30/09/2012
30/09/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
441,799
361,976
1,180,182
1,053,524
2Profit/(loss) before tax
55,586
53,004
155,105
153,351
3Profit/(loss) for the period
37,204
40,976
113,966
118,577
4Profit/(loss) attributable to ordinary equity holders of the parent
40,357
39,298
119,890
114,479
5Basic earnings/(loss) per share (Subunit)
4.91
4.87
14.63
14.29
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
3.75
5.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.8900
1.8300

Remarks :
Single tier dividend of 3.75 sen per ordinary share of 50 sen each proposed in the immediate preceding quarter was the same as net dividend of 3.75 sen per share paid in the preceding year corresponding quarter.
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


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