November 19, 2012

Company announcements: SCOPE, SRIDGE, PETGAS, FITTERS, QSR, INTEGRA, SAAG

SCOPE - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameSCOPE INDUSTRIES BERHAD (ACE Market) 
Stock Name SCOPE  
Date Announced19 Nov 2012  
CategoryGeneral Announcement
Reference NoMB-121119-52504

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionSCOPE INDUSTRIES BERHAD (“SCOPE” OR “COMPANY”)

(A) PROPOSED MERGER OF THE BUSINESSES OF SCOPE AND MATANG HOLDINGS BERHAD (“MATANG”) THROUGH THE TRANSFER OF THE ENTIRE BUSINESS AND UNDERTAKINGS, INCLUDING ALL ASSETS AND LIABILITIES, OF MATANG TO SCOPE FOR A TOTAL CONSIDERATION OF RM145,000,000 ("PROPOSED MERGER");

(B) PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN BENUA MUTIARA SDN BHD (“BENUA”) FOR A PURCHASE CONSIDERATION OF RM31,720,000;

(C) PROPOSED EXEMPTION UNDER PARAGRAPH 16, PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 TO MATANG AND PARTIES ACTING IN CONCERT WITH MATANG FROM THE OBLIGATION TO EXTEND A TAKE-OVER OFFER FOR ALL THE REMAINING ORDINARY SHARES OF RM0.10 EACH IN SCOPE (“SCOPE SHARES”) NOT ALREADY HELD BY THEM PURSUANT TO THE PROPOSED MERGER; AND

(D) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL FROM RM100,000,000 COMPRISING 1,000,000,000 SCOPE SHARES TO RM200,000,000 COMPRISING 2,000,000,000 SCOPE SHARES

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
This announcement is dated 19 November 2012.
On behalf of the Board of Directors of Scope (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce the following proposals:-

(a) signing of the conditional business merger agreement (“BMA”) between Scope and Matang on 19 November 2012 for the transfer of the entire business and undertakings, including all assets and liabilities of Matang (“Matang Business”) to Scope for a total consideration of RM145,000,000 (“Proposed Merger”);

(b) signing of the conditional share acquisition agreement (“SAA”) between Scope and Agriculturists Incorporated Sdn Bhd (“AISB”), Agriculturists Incorporated Development Sdn Bhd (“AIDSB”) and Chew Kong Yoon (collectively referred to as “Benua Vendors”) on 19 November 2012 to acquire 500,000 ordinary shares of RM1.00 each in Benua, representing 100% of the issued and paid-up share capital of Benua (“Benua Shares”) for a total purchase consideration of RM31,720,000 (“Proposed Benua Acquisition”);
    (c) proposed exemption under Paragraph 16, Practice Note 9 of the Malaysian Code on Take-Overs and Mergers, 2010 (“Code”) for Matang and parties acting in concert (“PAC”) with Matang from the obligation to undertake a take-over offer for all the remaining Scope Shares not owned by them upon completion of the Proposed Merger (“Proposed Exemption”); and
      (d) proposed increase in authorised share capital from RM100,000,000 comprising 1,000,000,000 Scope Shares to RM200,000,000 comprising 2,000,000,000 Scope Shares (“Proposed Increase In Authorised Share Capital”).
        (The Proposed Merger, Proposed Benua Acquisition, Proposed Increase In Authorised Share Capital and Proposed Exemption shall be collectively referred to as the “Proposals”)

        Further details on the Proposals are set out in the attachment.

        Attachments

        Appendices.pdf
        104 KB

        Announcement_Proposals.pdf
        273 KB



        SRIDGE - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

        Announcement Type: General Announcement
        Company NameSILVER RIDGE HOLDINGS BHD (ACE Market) 
        Stock Name SRIDGE  
        Date Announced19 Nov 2012  
        CategoryGeneral Announcement
        Reference NoCC-121119-EEDC5

        TypeAnnouncement
        SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
        NON RELATED PARTY TRANSACTIONS
        DescriptionSilver Ridge Holdings Bhd ("SRHB" or "the Company") - Proposed Disposal of Silver Ridge Technologies Sdn Bhd (“SRT”), a Wholly-Owned Subsidiary of the Company
        The Board of Directors of SRHB wishes to announce that the Company had, on 19 November 2012, entered into a Sale and Purchase Agreement for Shares with Rhymizafri bin Abd Halim and YBhg Dato’ Syed Hamzah bin Syed Bakar for the disposal of its entire equity interest in SRT.
        Please refer to the attached file for further details of the announcement.

        This announcement is dated 19 November 2012.


        PETGAS - 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 NamePETRONAS GAS BERHAD  
        Stock Name PETGAS  
        Date Announced19 Nov 2012  
        CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
        Reference NoPG-121119-69412

        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 incorporationMalaysian
        Descriptions (Class & nominal value)Ordinary Share of RM1.00/share
        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)
        Disposed12/11/2012
        200,000
         

        Circumstances by reason of which change has occurred1.Sale of shares in the open market
        Nature of interestDirect
        Direct (units) 
        Direct (%) 
        Indirect/deemed interest (units) 
        Indirect/deemed interest (%) 
        Total no of securities after change261,217,500
        Date of notice14/11/2012

        Remarks :
        The direct interest of 261,217,500 shares comprising :



        a) 246,282,200 shares held by Citigroup Nominees (Tempatan) Sdn Bhd;


        b) 1,497,600 shares held by EPF Board;


        c) 1,018,100 shares held by Employees Provident Fund Board (AMUNDI);


        d) 302,500 shares held by Employees Provident Fund Board (KIB);


        e) 1,839,800 shares held by Employees Provident Fund Board (HDBS);


        f) 400,000 shares held by Employees Provident Fund Board (RHB INV);


        g) 757,100 shares held by Employees Provident Fund Board (AM INV);


        h) 0 shares held by Employees Provident Fund Board (ALLIANCE);


        i) 5,618,700 shares held by Employees Provident Fund Board (NOMURA);


        j) 2,951,500 shares held by Employees Provident Fund Board (CIMB PRI);


        k) 550,000 shares held by Employees Provident Fund Board (ARIM);




        Received form 29B on 19 November 2012


        PETGAS - 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 NamePETRONAS GAS BERHAD  
        Stock Name PETGAS  
        Date Announced19 Nov 2012  
        CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
        Reference NoPG-121119-69024

        Particulars of substantial Securities Holder

        NameKUMPULAN WANG PERSARAAN (DIPERBADANKAN)
        AddressAras 4, 5 & 6, Menara Yayasan Tun Razak,
        200, Jalan Bukit Bintang
        55100 Kuala Lumpur
        NRIC/Passport No/Company No.KWAPACT6622007
        Nationality/Country of incorporationMalaysian
        Descriptions (Class & nominal value)Ordinary Share of RM1.00/share
        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)
        Acquired12/11/2012
        966,900
         
        Disposed12/11/2012
        700,000
         

        Circumstances by reason of which change has occurred1) Purchase of shares in open market by KWAP
        2) Disposal of shares in open market by KWAP
        Nature of interestDirect
        Direct (units) 
        Direct (%) 
        Indirect/deemed interest (units) 
        Indirect/deemed interest (%) 
        Total no of securities after change117,179,100
        Date of notice19/11/2012

        Remarks :
        Received Form 29B on 19 November 2012


        FITTERS - Changes in Sub. S-hldr's Int. (29B) - Datin Goh Hooi Yin

        Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
        Company NameFITTERS DIVERSIFIED BERHAD  
        Stock Name FITTERS  
        Date Announced19 Nov 2012  
        CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
        Reference NoCC-121119-6E59B

        Particulars of substantial Securities Holder

        NameDatin Goh Hooi Yin
        Address27, Jalan Daya 2
        Taman Daya Kepong
        52100 Kuala Lumpur
        NRIC/Passport No/Company No.600706-10-6368
        Nationality/Country of incorporationMalaysian
        Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
        Name & address of registered holderDatin Goh Hooi Yin
        27, Jalan Daya 2
        Taman Daya Kepong
        52100 Kuala Lumpur

        Dato' Wong Swee Yee
        27, Jalan Daya 2
        Taman Daya Kepong
        52100 Kuala Lumpur

        Allliancegroup Nominees (Tempatan) Sdn. Bhd.
        3rd Floor, Menara Multi-Purpose Capital Sequare
        No. 8, Jalan Munshi Abdullah
        50100 Kuala Lumpur

        HDM Nominees (Tempatan) Sdn. Bhd.
        Levels 2, 3, 4, 7 & 9
        Wisma Sri Pinang 60 Green Hall
        10200 Georgetown
        Penang

        EB Nominees (Tempatan) Sdn. Bhd.
        Ground Floor, Wisma Cyclecarri
        288, Jalan Raja Laut
        50350 Kuala Lumpur

        Details of changes

        Currency: Malaysian Ringgit (MYR)

        Type of transactionDate of change
        No of securities
        Price Transacted (RM)
        Disposed19/11/2012
        8,000,000
        0.640 
        Transferred19/11/2012
        1,000,000
         

        Circumstances by reason of which change has occurredDisposal of shares and transfer of shares from RHB Capital Nominees (Tempatan) Sdn. Bhd. to Alliancegroup Nominees (Tempatan) Sdn. Bhd.
        Nature of interestIndirect Interest
        Direct (units)952,875 
        Direct (%)0.42 
        Indirect/deemed interest (units)53,880,167 
        Indirect/deemed interest (%)23.85 
        Total no of securities after change54,833,042
        Date of notice19/11/2012

        Remarks :
        Direct Interest: -

        Name of Total no. of shares Percentage
        Registered held after change (%)
        Holder
        ________________ ________________ __________

        Datin Goh Hooi Yin 952,875 0.42#


        Indirect Interest: -

        Name of Total no. of shares Percentage
        Registered held after change (%)
        Holders
        ________________ ________________ __________

        Dato' Wong Swee Yee 24,225 0.01*

        Alliancegroup Nominees 22,400,000 9.92*
        (Tempatan) Sdn. Bhd.

        HDM Nominees 10,556,742 4.67*
        (Tempatan) Sdn. Bhd.

        EB Nominees 20,899,200 9.25*
        (Tempatan) Sdn. Bhd.

        -------------------------- ------------------
        53,880,167 23.85#
        ============= =========


        *Deemed interested in her spouse, Dato' Wong Swee Yee's direct shareholdings in FITTERS Diversified Berhad by virtue of Section 134(12)(c) of the Companies Act, 1965.

        #The percentage of shareholding was calculated based on total number of issued shares of 234,241,151 excluding treasury shares of 8,328,400 shares as at 14 November 2012.


        FITTERS - Changes in Director's Interest (S135) - Dato' Wong Swee Yee

        Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
        Company NameFITTERS DIVERSIFIED BERHAD  
        Stock Name FITTERS  
        Date Announced19 Nov 2012  
        CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
        Reference NoCC-121119-75F0F

        Information Compiled By KLSE

        Particulars of Director

        NameDato' Wong Swee Yee
        Address27, Jalan Daya 2
        Taman Daya Kepong
        52100 Kuala Lumpur
        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)
        Disposed
        19/11/2012
        8,000,000
        0.640 
        Transferred
        19/11/2012
        1,000,000
         

        Circumstances by reason of which change has occurredDisposal of shares and transfer of shares from RHB Capital Nominees (Tempatan) Sdn. Bhd. to Alliancegroup Nominees (Tempatan) Sdn. Bhd.
        Nature of interestDirect Interest
        Consideration (if any) 

        Total no of securities after change

        Direct (units)53,880,167 
        Direct (%)23.85 
        Indirect/deemed interest (units)1,009,906 
        Indirect/deemed interest (%)0.45 
        Date of notice19/11/2012

        Remarks :
        Direct Interest: -

        Name of Total no. of shares Percentage
        Registered held after change (%)
        Holders
        ________________ ________________ __________

        Dato' Wong Swee Yee 24,225 0.01

        Alliancegroup Nominees 22,400,000 9.92
        (Tempatan) Sdn. Bhd.

        HDM Nominees 10,556,742 4.67
        (Tempatan) Sdn. Bhd.

        EB Nominees 20,899,200 9.25
        (Tempatan) Sdn. Bhd.

        -------------------------- ------------------
        53,880,167 23.85#
        ============= =========

        Indirect Interest: -

        Name of Total no. of shares Percentage
        Registered held after change (%)
        Holders
        ________________ ________________ __________

        Datin Goh Hooi Yin 952,875 0.42*

        Wong Swee Seong 57,031 0.03*

        -------------------------- ------------------
        1,009,906 0.45#
        ============= =========

        *Deemed interested in his spouse, Datin Goh Hooi Yin's, his brother, Mr. Wong Swee Seong's, direct shareholdings in FITTERS Diversified Berhad by virtue of Section 134(12)(c) of the Companies Act, 1965.

        #The percentage of shareholding was calculated based on total number of issued shares of 234,241,151 excluding treasury shares of 8,328,400 shares as at 14 November 2012.


        FITTERS - Changes in Director's Interest (S135) - Datin Goh Hooi Yin

        Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
        Company NameFITTERS DIVERSIFIED BERHAD  
        Stock Name FITTERS  
        Date Announced19 Nov 2012  
        CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
        Reference NoCC-121119-891CE

        Information Compiled By KLSE

        Particulars of Director

        NameDatin Goh Hooi Yin
        Address27, Jalan Daya 2
        Taman Daya Kepong
        52100 Kuala Lumpur
        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)
        Disposed
        19/11/2012
        8,000,000
        0.640 
        Transferred
        19/11/2012
        1,000,000
         

        Circumstances by reason of which change has occurredDisposal of shares and transfer of shares from RHB Capital Nominees (Tempatan) Sdn. Bhd. to Alliancegroup Nominees (Tempatan) Sdn. Bhd.
        Nature of interestIndirect Interest
        Consideration (if any) 

        Total no of securities after change

        Direct (units)952,875 
        Direct (%)0.42 
        Indirect/deemed interest (units)53,880,167 
        Indirect/deemed interest (%)23.85 
        Date of notice19/11/2012

        Remarks :
        Direct Interest: -

        Name of Total no. of shares Percentage
        Registered held after change (%)
        Holder
        ________________ ________________ __________

        Datin Goh Hooi Yin 952,875 0.42#


        Indirect Interest: -

        Name of Total no. of shares Percentage
        Registered held after change (%)
        Holders
        ________________ ________________ __________

        Dato' Wong Swee Yee 24,225 0.01*

        Alliancegroup Nominees 22,400,000 9.92*
        (Tempatan) Sdn Bhd

        HDM Nominees 10,556,742 4.67*
        (Tempatan) Sdn. Bhd.

        EB Nominees 20,899,200 9.25*
        (Tempatan) Sdn. Bhd.
        -------------------------- ------------------
        53,880,167 23.85#
        ============= =========

        *Deemed interested in her spouse, Dato' Wong Swee Yee's direct shareholdings in FITTERS Diversified Berhad by virtue of Section 134(12)(c) of the Companies Act, 1965.

        #The percentage of shareholding was calculated based on total number of issued shares of 234,241,151 excluding treasury shares of 8,328,400 shares as at 14 November 2012.


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

        Announcement Type: General Announcement
        Company NameQSR BRANDS BHD  
        Stock Name QSR  
        Date Announced19 Nov 2012  
        CategoryGeneral Announcement
        Reference NoOI-121119-58908

        TypeAnnouncement
        SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
        RELATED PARTY TRANSACTIONS
        DescriptionQSR BRANDS BHD (“QSR” OR THE “COMPANY”)

        (I) PROPOSED DISPOSAL OF SUBSTANTIALLY ALL BUSINESS AND UNDERTAKING OF QSR, INCLUDING SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES OF QSR TO TRIPLE PLATFORM SDN BHD (“TPSB”), A WHOLLY-OWNED SUBSIDIARY OF MASSIVE EQUITY SDN BHD (“MESB”) (“PROPOSED QSR DISPOSAL”);

        (II) PROPOSED CAPITAL REPAYMENT BY WAY OF A CAPITAL REDUCTION EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 (“ACT”) (“PROPOSED QSR CAPITAL REPAYMENT”); AND

        (III) PROPOSED PAYMENT TO THE WARRANTHOLDERS OF QSR (“WARRANTHOLDERS”) OF THEIR ENTITLEMENT TO THE DISPOSAL CONSIDERATION UNDER THE PROPOSED QSR DISPOSAL BY WAY OF A SPECIAL RESOLUTION (“PROPOSED QSR WARRANT SCHEME”)

        (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
        The terms used herein, unless the context otherwise states, shall bear the same meaning as those defined in the announcement dated 18 May 2012 in relation to the Proposals.
        We refer to the previous announcements made by the Company in relation to the Proposals.

        On behalf of the Board of Directors of QSR, OSK Investment Bank Berhad wishes to announce that QSR and TPSB had, on 17 November 2012, mutually agreed to waive certain outstanding conditions precedent in the BSA. Accordingly, as all the conditions precedent in the BSA have been fulfilled or waived, QSR and TPSB had on the same date also mutually agreed that the BSA became unconditional on 17 November 2012.

        Pursuant thereto, the Company will make an application to the High Court for the Proposed QSR Capital Repayment in due course.

        This announcement is dated 19 November 2012.



        INTEGRA - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

        Announcement Type: General Announcement
        Company NameINTEGRAX BERHAD  
        Stock Name INTEGRA  
        Date Announced19 Nov 2012  
        CategoryGeneral Announcement
        Reference NoCK-121031-63487

        TypeAnnouncement
        SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
        DescriptionIntegrax Berhad – Dissolution of P.T. Integra Jasa Energi, a subsidiary

        The Board of Directors of Integrax Berhad (“Integrax” or “the Company”) wishes to announce that the Company’s subsidiary, P.T. Integra Jasa Energi, has been placed under liquidation following the conclusion of the Extraordinary General Meeting duly held on 17 November 2012. P.T. Integra Jasa Energi is incorporated in Indonesia and is a dormant company.

        The above dissolution of subsidiary is not expected to have any material effect on the Company’s earnings, net assets and gearing for the financial year ending 31 December 2012.

        This announcement is dated 19 November 2012.



        SAAG - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

        Announcement Type: General Announcement
        Company NameSAAG CONSOLIDATED (M) BHD  
        Stock Name SAAG  
        Date Announced19 Nov 2012  
        CategoryGeneral Announcement
        Reference NoSC-121119-60872

        TypeAnnouncement
        SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
        DescriptionSAAG CONSOLIDATED (M) BHD (“SAAG” or “the Company”)
        - Appointment of Receiver and Manager of SAAG and its two subsidiaries, SAAG Oil And Gas Sdn Bhd (“SOG”) and SAAG Drilling And Well Services Sdn Bhd (“SDWS”)
        Further to the announcements made on 24 October 2012 and 5 November 2012, the Board of Directors of SAAG wishes to announce that SAAG, SOG and SDWS have on even date received Notice of Appointment of Receiver and Manager (“Notice”). Pursuant to the Notice, AmBank (M) Berhad (“AmBank”) has appointed Mr. Duar Tuan Kiat of Ernst & Young as the Receiver and Manager of SAAG, SOG and SDWS pursuant to the terms of the respective debentures.
        The details of the announcement in relation to the above is attached herewith.

        This announcement is dated 19 November 2012.


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