December 20, 2012

Company announcements: HLBANK, MKH, YTLPOWR, PUNCAK, YUNKONG, UNIMECH, SILVER, ARANK, HINGYAP

HLBANK - Changes in Sub. S-hldr's Int. (29B) - Hong Leong Investment Holdings Pte Ltd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHONG LEONG BANK BERHAD  
Stock Name HLBANK  
Date Announced20 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoHB-121220-2ECF3

Particulars of substantial Securities Holder

NameHong Leong Investment Holdings Pte Ltd
Address16 Raffles Quay #26-00
Hong Leong Building, Singapore 048581
NRIC/Passport No/Company No.194800045K
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderHLIB Nominees (Tempatan) Sdn Bhd
- Hong Leong Fund Management Sdn Bhd ("HLFM") for Hong Leong Assurance Berhad ("HLA")(Life) - 402,100

HLIB Nominees (Tempatan) Sdn Bhd
- HLFM for HLA (Non-Life) - 52,900

HLIB Nominees (Asing) Sdn Bhd
- HLFM for Asia Fountain Investment Company Limited -1,337,500

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed13/12/2012
585,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,162,368,485
Date of notice20/12/2012


HLBANK - Changes in Sub. S-hldr's Int. (29B) - Hong Realty (Private) Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHONG LEONG BANK BERHAD  
Stock Name HLBANK  
Date Announced20 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoHB-121220-2ECF4

Particulars of substantial Securities Holder

NameHong Realty (Private) Limited
Address16 Raffles Quay #26-00
Hong Leong Building, Singapore 048581
NRIC/Passport No/Company No.196200244W
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderHLIB Nominees (Tempatan) Sdn Bhd
- Hong Leong Fund Management Sdn Bhd ("HLFM") for Hong Leong Assurance Berhad ("HLA")(Life) - 402,100

HLIB Nominees (Tempatan) Sdn Bhd
- HLFM for HLA (Non-Life) - 52,900

HLIB Nominees (Asing) Sdn Bhd
- HLFM for Asia Fountain Investment Company Limited - 1,337,500

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed13/12/2012
585,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,162,368,485
Date of notice20/12/2012


MKH - OTHERS MKH BERHAD ("MKH or "the Company") - Change of Name of the Company's External Auditors

Announcement Type: General Announcement
Company NameMKH BERHAD  
Stock Name MKH  
Date Announced20 Dec 2012  
CategoryGeneral Announcement
Reference NoM--121220-60268

TypeAnnouncement
SubjectOTHERS
DescriptionMKH BERHAD ("MKH or "the Company")
- Change of Name of the Company's External Auditors

The Board of Directors of MKH wishes to announce that the Company has received notification on 20 December 2012 from the Company's External Auditors, Moore Stephens AC that the merger between Baker Tilly Monteiro Heng and Moore Stephens AC has been completed. Effectively, Moore Stephens AC is now known as "Baker Tilly AC".

This announcement is dated 20 December 2012.



YTLPOWR - 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 NameYTL POWER INTERNATIONAL BHD  
Stock Name YTLPOWR  
Date Announced20 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoYP-121220-8964F

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 incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed17/12/2012
1,017,800
 

Circumstances by reason of which change has occurredDisposed
Nature of interestDirect
Direct (units)669,604,666 
Direct (%)9.2 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change669,604,666
Date of notice18/12/2012

Remarks :
Form 29B was received on 20 December 2012


PUNCAK - 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 NamePUNCAK NIAGA HOLDINGS BERHAD  
Stock Name PUNCAK  
Date Announced20 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPN-121220-449BD

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 incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderPlease refer to "Remarks"

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed17/12/2012
40,000
 

Circumstances by reason of which change has occurred1. Sale of equity managed by Portfolio Manager, Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board.
Nature of interestShares held in own name and by Portfolio Manager
Direct (units)1,494,000 
Direct (%)0.37 
Indirect/deemed interest (units)20,323,185 
Indirect/deemed interest (%)4.97 
Total no of securities after change21,817,185
Date of notice18/12/2012

Remarks :
Registered holders of the total shares held after change are as follows :-

1. Shares held in own name 1,494,000

2. Shares managed by Portfolio Managers as follows :-
Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board 16,981,485
Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (RHB INV) 3,341,700
-------------
21,817,185
=============


YUNKONG - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameYUNG KONG GALVANISING INDUSTRIES BHD  
Stock Name YUNKONG  
Date Announced20 Dec 2012  
CategoryGeneral Announcement
Reference NoMB-121220-44907

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionYUNG KONG GALVANISING INDUSTRIES BERHAD (“YKGI” OR “COMPANY”)

PROPOSED ACQUISITION BY YKGI OF THE REMAINING 45.51% EQUITY INTEREST IN STARSHINE HOLDINGS SDN BHD ("SSH") NOT ALREADY OWNED BY YKGI, FOR A PURCHASE CONSIDERATION OF RM16,611,579 TO BE SATISFIED VIA THE ISSUANCE OF 33,223,158 NEW ORDINARY SHARES OF RM0.50 EACH IN YKGI ("YKGI SHARES" OR "SHARES") AT AN ISSUE PRICE OF RM0.50 PER YKGI SHARE ("ISSUE PRICE") ("PROPOSED ACQUISITION");

PROPOSED PRIVATE PLACEMENT OF UP TO 39,106,980 NEW SHARES IN YKGI, REPRESENTING UP TO TWENTY PERCENT (20%) OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF YKGI (“PROPOSED PRIVATE PLACEMENT”);

PROPOSED RESTRICTED ISSUE OF 48,799,998 NEW SHARES IN YKGI TO MARUBENI-ITOCHU STEEL INC. (“PROPOSED RESTRICTED ISSUE”);

PROPOSED REVISED BONUS ISSUE OF UP TO 38,184,333 NEW SHARES IN YKGI TO THE ORDINARY SHAREHOLDERS OF YKGI AND UP TO 2,286,957 NEW SHARES IN YKGI TO THE REDEEMABLE CONVERTIBLE PREFERENCE SHARES (“RCPS”) HOLDER OF YKGI (“BONUS SHARE(S)”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TEN (10) EXISTING YKGI SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED REVISED BONUS ISSUE OF SHARES”); AND

PROPOSED REVISED BONUS ISSUE OF UP TO 114,553,000 WARRANTS IN YKGI TO THE ORDINARY SHAREHOLDERS OF YKGI AND UP TO 6,860,873 WARRANTS IN YKGI TO THE RCPS HOLDER OF YKGI (“WARRANT(S)”) ON THE BASIS OF THREE (3) FREE WARRANTS FOR EVERY TEN (10) EXISTING YKGI SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED REVISED BONUS ISSUE OF WARRANTS”)

(COLLECTIVELY REFERRED TO AS “REVISED PROPOSALS”)
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcement dated 18 July 2012)

We refer to the announcements made on behalf of the Board of Directors of YKGI (“Board”) dated 18 July 2012, 12 September 2012 and 3 October 2012.

On behalf of the Board, AmInvestment Bank Berhad wishes to announce that YKGI proposes to undertake the Revised Proposals.

Further details of the Revised Proposals are set out in the attachment.

This announcement is dated 20 December 2012.

Attachments

REVISED PROPOSALS.pdf
441 KB



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

Announcement Type: General Announcement
Company NameUNIMECH GROUP BERHAD  
Stock Name UNIMECH  
Date Announced20 Dec 2012  
CategoryGeneral Announcement
Reference NoUG-121220-63347

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionDecrease Equity Interest and Restructuring of Unimech Instruments & Control Sdn. Bhd.

Introduction

Unimech Engineering (M) Sdn. Bhd. (“UME(M)”), a wholly owned subsidiary of Unimech Group Berhad (“UGB’) had on 20 December 2012 disposed off 10,000 shares of RM1.00 each representing 10% equity interest in Unimech Instruments & Control Sdn. Bhd. (“UIC”) to Mr. Tang Kok Chian (“TKC”) for a cash consideration of RM160,000 (“the Disposal”).

Upon the Disposal, UME(M)’s equity interest in UIC reduces from 90% to 80%.

UME(M) had on the same day transferred its 80% equity interest in UIC to Unimech Capital Sdn. Bhd. (“UCSB”), a wholly owned subsidiary of UGB for a cash consideration of RM1,200,000 (“the Restructuring”).

After the Restructuring, UIC has ceased to be a subsidiary of UME(M) and become an 80% owned subsidiary of UCSB.

The Restructuring is sourced from internally generated fund.

Information on UIC

The authorised capital and the paid up capital of UIC is RM100,000 divided into 100,000 ordinary shares at RM 1.00 each.

The principal activities of UIC are trading of instrument and control equipment for water, steam, petrochemical, oil and gas industries.

UIC has audited shareholders’ fund of RM1,503,663 as at 31 December 2011.

Information on TKC

TKC is a Malaysia citizen and a key management staff of UIC. He has no directorship or shareholding in UME(M), UCSB and UGB.

Cash Consideration

The cash consideration of RM160,000 and RM1,200,000 are arrived after taken into consideration of the future earnings and shareholders’ fund of UIC.

Rational for the Disposal

The disposal is to create equity participation of UIC’s key management staff. It is also aimed to retain and reward the key management staff whose has contributed to the growth of UIC.

Financial Effects

The Disposal and the Restructuring will not have any material effect on the net assets per share, earnings per share and gearing of UGB for the financial year ending 31 December 2012.

The Disposal and the Restructuring also have no effect on the share capital and substantial shareholders’ shareholding of UGB.

There are no other liabilities or guarantees to be assumed by UGB arising from the Disposal and the Restructuring.

Directors’ and Major Shareholders’ Interest

None of the Directors and Major Shareholders or persons connected to the Directors or Major Shareholders has any interest, direct or indirect in the Disposal and the Restructuring.

Approval Required

The Disposal and the Restructuring are not subject to the approval of the shareholders of UGB or any other government authorities.

Statement by the Board of Directors

The Board of Directors is of the opinion that the Disposal and the Restructuring are in the best interest of UGB.

Estimated Timeframe to Complete

Barring any unforeseen circumstances, the Disposal and the Restructuring are expected to be completed within one (1) month from the date of this announcement.

Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
The highest percentage ratio pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad applicable to the Disposal and the Restructuring is 2.07%.

This announcement is dated 20 December 2012



SILVER - OTHERS SILVER BIRD GROUP BERHAD (“SBGB” or “the Company”) Writ and Statement of Claim filed by KFC Marketing Sdn Bhd against Standard Confectionary Sdn Bhd - Shah Alam Sessions Court Summons No. 52-3416-12-2012

Announcement Type: General Announcement
Company NameSILVER BIRD GROUP BERHAD  
Stock Name SILVER  
Date Announced20 Dec 2012  
CategoryGeneral Announcement
Reference NoCC-121220-55318

TypeAnnouncement
SubjectOTHERS
DescriptionSILVER BIRD GROUP BERHAD (“SBGB” or “the Company”)
Writ and Statement of Claim filed by KFC Marketing Sdn Bhd against Standard Confectionary Sdn Bhd
- Shah Alam Sessions Court Summons No. 52-3416-12-2012
The Board of Directors of SBGB wishes to announce that Standard Confectionary Sdn Bhd (“SCSB”), a wholly-owned subsidiary of SBGB, has on 20 December 2012 been served with a Writ dated 13 December 2012 together with a Statement of Claim filed in the Shah Alam Sessions Court by KFC Marketing Sdn Bhd (the “Plaintiff”).
By the said suit, the Plaintiff claims a sum of RM48,813.50 as at 31 August 2012 being monies alleged to be owed by SCSB to the Plaintiff for goods sold and delivered, interest thereon (at a rate of 1% per month from 31 August 2012 until the date of the Writ and at a rate of 5% per annum from the date of the Writ until full settlement) and costs.

The Directors of the Company are of the opinion that the amount claimed is not expected to have any financial or operational impact as such claim, if SCSB is at all liable for, is envisaged to be restructured pursuant to the regularisation plan being formulated for the Group.

The Company is advised that the Plaintiff is restrained from commencing or further proceeding with the said suit without leave of the Court by virtue of and in accordance with the restraining order pursuant to Section 176(10) of the Companies Act, 1965 which was granted the High Court in favour of SCSB and extended for a period of ninety (90) days commencing from 13 November 2012. The Company is also currently seeking legal advice with regards to the said suit.

The Company will make the necessary announcements on further developments of the above matter as and when necessary.

This announcement is dated 20 December 2012.


ARANK - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameA-RANK BERHAD  
Stock Name ARANK  
Date Announced20 Dec 2012  
CategoryGeneral Meetings
Reference NoCK-121220-52457

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting20/12/2012
Time10:00 AM
VenueUjong Pandang Room, Staffield Country Resort, Batu 13, Jalan Seremban-Kuala Lumpur (Country Road), 71700 Mantin, Negeri Sembilan Darul Khusus
Outcome of Meeting
The Board of Directors of A-Rank Berhad is pleased to announce that the Shareholders of A-Rank Berhad (the "Company") have, at the Annual General Meeting held on 20 December 2012 at 10.00 a.m., unanimously approved all the matters and resolutions inclusive of those resolutions under Special Business stated in the Notice of Meeting together with the notes thereon.
The Directors namely Dr. Leong Chik Weng and Mr. Gan Choon Sun who retired pursuant to Article 112 of the Articles of Association were duly re-elected as Directors of the Company.


HINGYAP - Changes in Sub. S-hldr's Int. (29B) - Ng Tiong Seng Corporation Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHING YIAP GROUP BERHAD  
Stock Name HINGYAP  
Date Announced20 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-121220-78CDE

Particulars of substantial Securities Holder

NameNg Tiong Seng Corporation Sdn. Bhd.
AddressLot 1282, Jalan Bukit Kemuning, Seksyen 32, 40460 Shah Alam, Selangor Darul Ehsan.
NRIC/Passport No/Company No.17024-P
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderNg Tiong Seng Corporation Sdn. Bhd.
Lot 1282, Jalan Bukit Kemuning,
Seksyen 32,
40460 Shah Alam,
Selangor Darul Ehsan.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired17/12/2012
115,000
2.490 
Acquired18/12/2012
25,000
2.490 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect Interest
Direct (units)9,752,258 
Direct (%)13.56 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change9,752,258
Date of notice20/12/2012


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