MAA - OTHERS MAA GROUP BERHAD ("MAAG" or "the Company") Proposed Acquisition of 100% equity interest in Nilam Timur Sdn Bhd by MAA Credit Berhad, a wholly owned subsdiary of MAA Corporation Sdn Bhd, who in turn is a wholly owned subsidiary of the Company
Announcement Type: General Announcement
| Company Name | MAA GROUP BERHAD |
| Stock Name | MAA |
| Date Announced | 26 Nov 2012 |
| Category | General Announcement |
| Reference No | CM-120920-41020 |
| Type | Announcement |
| Subject | OTHERS |
| Description | MAA GROUP BERHAD ("MAAG" or "the Company") Proposed Acquisition of 100% equity interest in Nilam Timur Sdn Bhd by MAA Credit Berhad, a wholly owned subsdiary of MAA Corporation Sdn Bhd, who in turn is a wholly owned subsidiary of the Company |
Pursuant to Paragraph 9.19 (23) of Chapter 9 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of MAAG wishes to announce that MAA Credit Berhad ("MAA Credit"), a wholly-owned subsidiary of MAA Corporation Sdn Bhd ("MAA Corporation"), which in turn is a wholly-owned subsidiary of the Company has entered into a Shares Sale Agreement ("the Agreement") with Ahmad Nor Shaffuddin bin Ahmad Baharuddin and Rozeeta binti Ahmad Baharuddin (collectively referred to as "the Vendors") on 26 November 2012 to acquire from the Vendors 290,002 ordinary shares of RM1.00 each representing 100% equity interest in Nilam Timur Sdn Bhd (Company No. 169187-A) ("Nilam Timur") for a total cash purchase consideration of RM10.00 (Ringgit Malaysia: Ten only) ("the Acquisition"). The cash purchase consideration was arrived at on a willing seller willing buyer basis. INTRODUCTION: Nilam Timur had taken a term loan of RM6,000,000.00 (“Loan”) from MAA Credit to finance its working capital requirement. The Loan was secured by the following:- (i) a lien holders’ caveat over the lands held under Lot No. 1779, H.S. (M) 327 and Lot 1780, H.S. (M) 328 both situated in Kuah, Daerah Langkawi, Kedah ("the Lands"); (ii) a deposit of 700,000 ordinary shares in Langkawi Yacht Club Bhd; and (iii) assignment of sale proceeds from a proposed apartment development project. MAA Credit has made full impairment on the Loan since it has been non-performing. 1. DETAILS OF MAA CREDIT MAA Credit, is a wholly-owned subsidiary of MAA Corporation, who holds a moneylenders license and provides hire purchase, leasing and other credit factilities. The present authorised share capital of MAA Credit is RM25,000,000.00 comprising 24,000,000 ordinary shares of RM1.00 each and 1,000,000 redeemable preference shares of RM1.00 each whilst the issued and paid up capital is RM20,211,600.00 comprising 20,000,000 ordinary shares of RM1.00 each and 211,600 redeemable preference shares of RM1.00 each. 2. DETAILS OF MAA CORPORATION MAA Corporation is a wholly-owned subsidiary of the Company who is principally engaged in general trading and investment holding. The authorised share capital of MAA Corporation is RM70,500,000.00 comprising 50,000,000 ordinary shares of RM1.00 each and 20,500,000 redeemable preference shares of RM1.00 each with an issued and paid-up share capital of RM55,264,282.00 comprising 44,000,000 ordinary shares of RM1.00 each and 11,264,282 redeemable preference shares of RM1.00 each. 3. DETAILS OF NILAM TIMUR Nilam Timur is an investment holding company with an authorised share capital of RM1,500,000.00 divided into 1,500,000 ordinary shares of RM1.00 each of which 290,002 ordinary shares of RM1.00 each have been issued and paid-up. Ahmad Nor Shaffuddin bin Ahmad Baharuddin and Rozeeta binti Ahmad Baharuddin are the Shareholders of Nilam Timur, holding 290,001 ordinary shares and 1 ordinary share in Nilam Timur respectively. Nilam Timur is a lessee of the said Lands pursuant to a sub-lease agreement dated 10 August 1998 ("the Sub-Lease Agreement) made between Nilam Timur and Langkawi Development Authority ("LADA"). The sub-lease is valid for a period of ninety (90) years. The said Lands are valued at approximately RM3.3 million per valuation by independent professional valuer. Based on the audited financial statements of Nilam Timur as at 31 December 2011, the company has net liabilities of RM6,422,848.00 which included the Loan outstanding amount of RM5,955,323.00 due to MAA Credit. 4. DETAILS OF THE ACQUISITION The Acquisition involved the sale of a total 290,002 ordinary shares held by the Vendors, representing 100% equity interest in Nilam Timur, for a sale consideration of RM10.00 (Ringgit Malaysia: Ten only) to MAA Credit. The purchase consideration was arrived at on a willing seller willing buyer basis. 5. RATIONALE FOR THE ACQUISITION MAA Credit intends to sell Nilam Timur which has the sub-lease on the Lands to any interested party to recover the Loan. 6. FINANCIAL IMPACT OF THE ACQUISITION The Acqusition will not have any material effect on the issued and paid-up share capital or substantial shareholding structure of MAAG and MAA Credit as the consideration is to be satisfied entirely in cash. The Acquisition is not expected to contribute positively to the earnings of MAAG Group for the financial year ending 31 December 2012 and it will not have adverse effect to the long term earnings of MAAG Group. 7. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST None of the Directors and/or major shareholders of MAAG and/or persons connected with the Directors and/or major shareholders of MAAG has any interest, direct or indirect in the Acquistion. 8. DIRECTORS' STATEMENTS The Board of Directors of the Company, after taking into consideration of the rationale of the Acquisition, is of the opinion that the Acquisition is in the best interest of the Company. 9. APPROVED REQUIRED The above Acquisition is not subject to shareholders or other regulatory bodies' approval. This announcement is dated 26 November 2012. | |
MRCB - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 26 Nov 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | MR-121126-64325 |
Particulars of substantial Securities Holder
| Name | Lembaga Tabung Haji |
| Address | 201, Jalan Tun Razak Peti Surat 11025 50732 Kuala Lumpur |
| NRIC/Passport No/Company No. | ACT 5351995 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | Lembaga Tabung Haji Maybank Asset Management Sdn Bhd |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 23/11/2012 | 500,000 |
ECM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | ECM LIBRA FINANCIAL GROUP BERHAD |
| Stock Name | ECM |
| Date Announced | 26 Nov 2012 |
| Category | General Announcement |
| Reference No | EL-121126-50E3E |
| Type | Announcement | ||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS DURING CLOSED PERIOD | ||||||||
| Description | Dealing by Director in Securities of ECM Libra Financial Group Berhad (“ECM” or “Company”) During Closed Period | ||||||||
Pursuant to paragraph 14.08 (d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mr Lim Kian Onn, a Director of the Company, has given notice of his dealing in the ordinary shares of RM1.00 each in ECM during the closed period as set out�below: ���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
This announcement is made on�26 November 2012. | |||||||||
ECM - MULTIPLE PROPOSALS
Announcement Type: General Announcement
| Company Name | ECM LIBRA FINANCIAL GROUP BERHAD |
| Stock Name | ECM |
| Date Announced | 26 Nov 2012 |
| Category | General Announcement |
| Reference No | ML-121126-63691 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | ECM LIBRA FINANCIAL GROUP BERHAD (“ECMLFG” OR THE “COMPANY”) • Proposed Disposal; • Proposed Business Merger; • Proposed Capital Repayment; • Proposed Share Split; and • Proposed Share Consolidation, (collectively referred to as the “Proposals”) |
(Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcement in relation to its Proposals dated 15 June 2012) We refer to the announcements dated 15 June 2012, 21 June 2012, 6 July 2012, 31 July 2012, 10 October 2012, 2 November 2012 and 5 November 2012 made by ECM Libra Investment Bank Berhad (“ECMLIB”), on behalf of the Board of Directors of ECMLFG (“Board”) in relation to the Proposals. On behalf of the Board, ECMLIB is pleased to announce that the High Court of Malaya had on 26 November 2012 granted an order confirming the Proposed Capital Reduction of ECMLIB. The sealed order will be extracted and a copy of the order will be lodged with the Companies Commission of Malaysia for the Proposed Capital Reduction to take effect. This announcement is dated 26 November 2012.
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ZELAN - Change in Boardroom
Announcement Type: Change in Boardroom
| Company Name | ZELAN BERHAD |
| Stock Name | ZELAN |
| Date Announced | 26 Nov 2012 |
| Category | Change in Boardroom |
| Reference No | ZZ-121126-DC036 |
| Date of change | 01/12/2012 |
| Name | DATO' MOHD NOR BIN IDRUS |
| Age | 60 |
| Nationality | MALAYSIAN |
| Type of change | Redesignation |
| Previous Position | Director |
| New Position | Managing Director |
| Directorate | Executive |
| Qualifications | (i) Diploma in Civil Engineering Technical College, Jalan Gurney, Kuala Lumpur (1974) (ii) BSc. Eng. (Civil), University of Sunderland, United Kingdom (1978) |
| Working experience and occupation | 5 March 2012 - Current Director, Technical, MMC Corporation Berhad EXCO Member for Double Tracking Project 2007 - 4 March 2012 Director, Rail Projects, MMC Engineering Group Berhad. 2006 Chief Executive Officer, Kien Huat Construction Sdn. Bhd. 1989 - 2005 Renong/UEM Group of Companies (i) President, UEM Construction and Engineering Division (ii) Managing Director, UEM Builders Berhad (iii) Executive Vice-Chairman, United Engineers Construction (UEC) (iv) President, Transportation Group, Renong Berhad (v) CEO/EXCO Chairman, KTMB (vi) Managing Director, Marak Unggul Sdn. Bhd. (vii) Managing Director, Project Usahasama Transit Ringan Automatik (PUTRA Berhad) (viii) Managing Director, Cement Industries Malaysia Berhad (CIMA) (ix) General Manager, Project Division, PLUS Berhad (x) Senior Project Engineer/Regional Manager, PLB Berhad (PLUS Highway between Gurun-Bidor) 1987 - 1988 Senior General Manager, Pernas Construction Sdn. Bhd. 1985 - 1986 General Manager, Shapadu Holding Sdn. Bhd. 1980 - 1985 Senior Executive Engineer, Malaysian Highway Authority 1978 - 1979 Executive Engineer, Seconded from Highway Planning and Public Transport Unit, Ministry of Works to DBKL for the Second KL Urban Development Transport Project |
| Directorship of public companies (if any) | Aliran Ihsan Resources Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | YBhg. Dato' Mohd Nor bin Idrus has no relationship with and is not related to any Director and/or major shareholder of Zelan Berhad except by virtue of him being a nominee Director of MMC Corporation Berhad, a major shareholder of Zelan Berhad |
| Any conflict of interests that he/she has with the listed issuer | No |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Remarks : |
| Re-designation of YBhg. Dato' Mohd Nor bin Idrus as Managing Director of Zelan Berhad. |
ZELAN - Change in Boardroom
Announcement Type: Change in Boardroom
| Company Name | ZELAN BERHAD |
| Stock Name | ZELAN |
| Date Announced | 26 Nov 2012 |
| Category | Change in Boardroom |
| Reference No | ZZ-121126-EB68C |
| Date of change | 01/12/2012 |
| Name | DATO' ANWAR BIN AJI |
| Age | 62 |
| Nationality | MALAYSIAN |
| Type of change | Redesignation |
| Previous Position | Chairman & Executive Director |
| New Position | Chairman & Director |
| Directorate | Independent & Non Executive |
| Qualifications | (i) Bachelor of Economics (Hons), University Malaya (1973) (ii) Master in International Studies, Ohio University, USA (1982) |
| Working experience and occupation | 2001 - 2008 Chairman, Faber Group Berhad 2003 - 2004 Managing Director, Khazanah Nasional Berhad 2001 - 2003 Chief Operating Officer, Khazanah Nasional Berhad 1994 - 2001 Senior General Manager, Khazanah Nasional Berhad 1973 - 1994 Various positions in Ministry of International Trade and Industry, Ministry of Finance, Economic Planning Unit and Prime Minister's Department |
| Directorship of public companies (if any) | (i) CIMB-Principal Asset Management Berhad (ii) CIMB Wealth Advisors Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Remarks : |
| Re-designation of YBhg. Dato' Anwar bin Aji as Non-Executive Chairman of Zelan Berhad. |
GENP - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | GENTING PLANTATIONS BERHAD |
| Stock Name | GENP |
| Date Announced | 26 Nov 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | GP-121126-7D4F1 |
Particulars of substantial Securities Holder
| Name | KUMPULAN WANG PERSARAAN (DIPERBADANKAN) |
| Address | ARAS 4, 5 & 6, MENARA YAYASAN TUN RAZAK 200, JALAN BUKIT BINTANG 55100 KUALA LUMPUR |
| NRIC/Passport No/Company No. | KWAPACT6622007 |
| Nationality/Country of incorporation | MALAYSIA |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF 50 SEN EACH |
| Name & address of registered holder | CIMB-PRINCIPAL ASSET MANAGEMENT BERHAD LEVEL 5, MENARA MILLENIUM NO.8 JALAN DAMANSARA BUKIT DAMANSARA 50490 KUALA LUMPUR [Disposal (i) & (ii)] KUMPULAN WANG PERSARAAN (DIPERBADANKAN) ARAS 4,5 & 6, MENARA YAYASAN TUN RAZAK 200, JALAN BUKIT BINTANG 55100 KUALA LUMPUR [Acquisition] |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 19/11/2012 | 6,300 | |
| Disposed | 20/11/2012 | 98,800 | |
| Acquired | 20/11/2012 | 500,000 |
| Remarks : |
| Form 29B dated 23 November 2012 was received on 26 November 2012. |
AFG - 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 Name | ALLIANCE FINANCIAL GROUP BERHAD |
| Stock Name | AFG |
| Date Announced | 26 Nov 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | AF-121126-2900C |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM1.00 each |
| Name & address of registered holder | i) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposal of 439,200 shares) Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur ii) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) (Disposal of 104,200 shares) |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 21/11/2012 | 439,200 | |
| Disposed | 21/11/2012 | 104,200 |
| Remarks : |
| The Form 29B dated 22 November 2012 was received on 26 November 2012. |
AFG - 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 Name | ALLIANCE FINANCIAL GROUP BERHAD |
| Stock Name | AFG |
| Date Announced | 26 Nov 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | AF-121126-27F43 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM1.00 each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 20/11/2012 | 56,900 |
| Remarks : |
| The Form 29B dated 21 November 2012 was received on 23 November 2012. |
IJM - 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 Name | IJM CORPORATION BERHAD |
| Stock Name | IJM |
| Date Announced | 26 Nov 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | IC-121126-7453B |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | Not Applicable |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1 Each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd, Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 21/11/2012 | 250,000 |
| Remarks : |
| Re : Form 29B dated 22 November 2012. |
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