KENANGA - Changes in Sub. S-hldr's Int. (29B) - Cahya Mata Sarawak Berhad
| Company Name | K & N KENANGA HOLDINGS BERHAD |
| Stock Name | KENANGA |
| Date Announced | 28 Dec 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | K&-121228-53790 |
Particulars of substantial Securities Holder
| Name | Cahya Mata Sarawak Berhad |
| Address | Level 6, Wisma Mahmud Jalan Sungai Sarawak 93100 Kuching Sarawak |
| NRIC/Passport No/Company No. | 21076-T |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | 1) CMS Capital Sdn Bhd (Indirect) Level 6, Wisma Mahmud Jalan Sungai Sarawak 93100 Kuching Sarawak 2) Cahya Mata Sarawak Berhad (Direct) Level 6, Wisma Mahmud Jalan Sungai Sarawak 93100 Kuching Sarawak |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Others | 14/12/2012 | 0 |
| Remarks : |
| As at 14 December 2012, the combined direct and indirect interest is 25.07%. |
BGYEAR - OTHERS BINA GOODYEAR BERHAD (“BGB” OR “COMPANY”) PROPOSED DEBT SETTLEMENT OF BGB GROUP (“PDS”)
| Company Name | BINA GOODYEAR BERHAD |
| Stock Name | BGYEAR |
| Date Announced | 28 Dec 2012 |
| Category | General Announcement |
| Reference No | CM-121228-62958 |
| Type | Announcement |
| Subject | OTHERS |
| Description | BINA GOODYEAR BERHAD (“BGB” OR “COMPANY”) PROPOSED DEBT SETTLEMENT OF BGB GROUP (“PDS”) |
The Company wishes to announce that the Board of Directors of BGB (“Board”), had on 28 December 2012 approved to proceed with a proposed debt settlement to the creditors of the BGB Group (namely, the identified scheme creditors of BG Builders Sdn Bhd, BG Reality Sdn Bhd, Seranta Machinery & Equipment Sdn Bhd) (“Scheme Creditors”) via cash and/or shares to be implemented via a court convened meeting (“PDS”) and subject to the approval of Bursa Malaysia and the shareholders of BGB. Details of the PDS are set out below: Proposed Debt Settlement of BGB Group (“PDS”) As at 30 September 2012 (“the Cut-off Date”), the net book value of the assets of the Group on consolidated basis stood at RM46.9 million, whereas the estimated amount owed to its creditors was RM109.8 million. Taking into consideration the estimated restructuring expenses of RM3.0 million, the net book value of the assets available to the existing creditors of the Group would be RM43.9 million (“the Adjusted NBV”). The Proposed Debt Settlement involves the settlement of a sum of equivalent to the net assets available to the Scheme Creditors as at the Cut-off Date plus an additional 10%, i.e. RM48.29 million in total (“the Settlement Sum”), in proportion to their entitlement to the Adjusted NBV of the assets of the Group under a liquidation scenario of the Group (“the Scheme Creditor Entitlement”), as full and final settlement of the Group’s obligations to its creditors, as follows: (a) A new company will be incorporated to facilitate the Proposed Debt Settlement (“the SPV”). The main objective of the SPV shall be to realise the assets of the Group (to be novated to it) and to distribute the proceeds realised to the Scheme Creditors based on their respective entitlements to the Settlement Sum, on a pari passu basis; (b) The Group shall novate to the SPV all the assets of the Group as at the Cut-off Date (“the Novated Assets”) together with all its liabilities to the Scheme Creditors (“the Novated Liabilities”), for a consideration of RM4.83 million to be paid via the issuance of RM48,290,000 new ordinary shares of RM0.10 each by NewCo (“the Debt Settlement Shares”). However, at any time before the novation of the Novated Assets and the Novated Liabilities to the SPV in the implementation of the PCDRS, the Group shall be entitled to buy back from the SPV any of the Novated Assets that NewCo thinks necessary for the future operations of the Group after the implementation of the PCDRS (“the Retained Assets”) at a cash consideration equal to the market value of the Retained Assets as at the Cut-off Date, but not less than RM4,829,000; and (c) The Novated Liabilities, amounting to RM109.8 million as at the Cut-off Date (subject to a proof of debt to be conducted), shall be settled by the SPV as follows: (i) 10% of the Settlement Sum, equivalent to RM4,829,000 is proposed to be settled through the distribution of the Debt Settlement Shares received from NewCo to the Scheme Creditors, based on the Scheme Creditor Entitlement; (ii) Not less than 10% of the Settlement Sum, equivalent to RM4,829,000 is proposed to be settled by the cash received by the SPV as consideration for the Retained Assets, which shall be distributed to the Scheme Creditors based on the Scheme Creditor Entitlement (“the Cash Settlement”); (iii) The remaining of the Settlement Sum after the settlement via the Debt Settlement Shares and the Cash Settlement is proposed to be settled in full from the proceeds to be realised from the disposal of the Novated Assets by the SPV, other than the Retained Assets, which shall be distributed to the Scheme Creditors based on the Scheme Creditor Entitlement. For the purpose of realisation of the Retained Assets, the SPV shall be placed under members’ voluntary winding-up immediately upon completion of the novation of the Novated Assets and Novated Liabilities to the SPV; and (iv) The disposal of all the Novated Assets by the SPV and the distribution of the Debt Settlement Shares, the Cash Settlement and the proceeds from the disposal of the Novated Assets shall be in full and final settlement of the obligations of the Group. The above proposed settlements will be formalised pursuant to the respective BGB Group companies’ proposed composite schemes of arrangement to be carried out under Section 176 of the Companies Act, 1965, and will be subjected to the approvals of Bursa Malaysia and the shareholders of BGB. Further, upon the approval of the Scheme Creditors, a Principal Advisor and other relevant advisers will be appointed to advise the BGB Group on the implementation of a suitable Proposed Corporate and Debt Re-arrangement Scheme. Further information will be set out in the explanatory statement to the Scheme Creditors in relation to the Proposed Debt Settlement which will be despatched to the respective creditors in due course. Details of the Scheme Creditors may be viewed at Company’s registered office located at Tingkat 11, Blok B, Kelana Centre Point, 3 Jalan SS 7/19, Kelana Jaya, 47301 Petaling Jaya. This announcement is dated 28 December 2012.
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SCOMI - Notice of Interest Sub. S-hldr (29A) - Amadia Investments Ltd
| Company Name | SCOMI GROUP BERHAD |
| Stock Name | SCOMI |
| Date Announced | 28 Dec 2012 |
| Category | Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965 |
| Reference No | SG-121228-63784 |
Particulars of Substantial Securities Holder
| Name | Amadia Investments Ltd |
| Address | Cricket Square, Hutchins Drive P.O.Box 2681, Grand Cayman KY1-1111, Cayman Islands |
| NRIC/Passport No/Company No. | CT-231834 |
| Nationality/Country of incorporation | Cayman Islands |
| Descriptions (Class & nominal value) | Ordinary Share of RM0.10 each |
| Name & address of registered holder | 1. UOBM Nominees (Asing) Sdn Bhd for TAEL Onc Partners Ltd for Amadia Investments Ltd 2. HLG Nominees (Asisng) Sdn Bhd Exempt An for UOB Kay Hian Pte Ltd (A/c Clients) |
SCOMI - Notice of Interest Sub. S-hldr (29A) - TAEL One Partners Ltd
| Company Name | SCOMI GROUP BERHAD |
| Stock Name | SCOMI |
| Date Announced | 28 Dec 2012 |
| Category | Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965 |
| Reference No | SG-121228-64189 |
Particulars of Substantial Securities Holder
| Name | TAEL One Partners Ltd |
| Address | Cricket Square, Hutchins Drive P.O.Box 2681, Grand Cayman KY1-1111, Cayman Islands |
| NRIC/Passport No/Company No. | CT-189597 |
| Nationality/Country of incorporation | Cayman Islands |
| Descriptions (Class & nominal value) | Ordinary Share of RM0.10 each |
| Name & address of registered holder | Name of beneficial owner: Amadia Investments Ltd Address: Cricket Square, Hutchins Drive, P.O.Box 2681, Grand Cayman, KY1-1111, Cayman Islands Registered owners: 1. UOBM Nominees (Asing) Sdn Bhd for TAEL Onc Partners Ltd for Amadia Investments Ltd 2. HLG Nominees (Asisng) Sdn Bhd Exempt An for UOB Kay Hian Pte Ltd (A/c Clients) |
| Remarks : |
| TAEL One Partners Ltd (acting in its capacity as the general partner of The Asian Entrepreneur Legacy One, L.P.) |
SCOMI - Notice of Interest Sub. S-hldr (29A) - United Overseas Bank Limited
| Company Name | SCOMI GROUP BERHAD |
| Stock Name | SCOMI |
| Date Announced | 28 Dec 2012 |
| Category | Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965 |
| Reference No | SG-121228-65512 |
Particulars of Substantial Securities Holder
| Name | United Overseas Bank Limited |
| Address | 80 Raffles Place UOB Plaza Singapore 048624 |
| NRIC/Passport No/Company No. | 193500026Z |
| Nationality/Country of incorporation | Singapore |
| Descriptions (Class & nominal value) | Ordinary Share of RM0.10 each |
| Name & address of registered holder | Name of beneficial owner: Amadia Investments Ltd Address: Cricket Square, Hutchins Drive, P.O.Box 2681, Grand Cayman, KY1-1111, Cayman Islands Registered owners: 1. UOBM Nominees (Asing) Sdn Bhd for TAEL Onc Partners Ltd for Amadia Investments Ltd 2. HLG Nominees (Asisng) Sdn Bhd Exempt An for UOB Kay Hian Pte Ltd (A/c Clients) |
SCOMI - Notice of Person Ceasing (29C) - TOIC Investments Ltd
| Company Name | SCOMI GROUP BERHAD |
| Stock Name | SCOMI |
| Date Announced | 28 Dec 2012 |
| Category | Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965 |
| Reference No | SG-121228-58390 |
Particulars of substantial Securities Holder
SCOMI - Notice of Interest Sub. S-hldr (29A) - TOIC Investments Ltd
| Company Name | SCOMI GROUP BERHAD |
| Stock Name | SCOMI |
| Date Announced | 28 Dec 2012 |
| Category | Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965 |
| Reference No | SG-121228-57678 |
Particulars of Substantial Securities Holder
| Name | TOIC Investments Ltd |
| Address | Cricket Square, Hutchins Drive P.O.Box 2681, Grand Cayman KY1-1111, Cayman Islands |
| NRIC/Passport No/Company No. | CT-191189 |
| Nationality/Country of incorporation | Cayman Islands |
| Descriptions (Class & nominal value) | Ordinary share of RM0.10 each |
| Name & address of registered holder | 1. UOBM Nominees (Asisng) Sdn Bhd for TAEL One Partners Ltd for Amadia Investments Ltd 2. HLG Nominees (Asing) Sdn Bhd Exempt An for UOB Kay Hian Pte Ltd (A/c Clients) |
SWSCAP - Annual Audited Accounts - 31 August 2012
| Company Name | SWS CAPITAL BERHAD |
| Stock Name | SWSCAP |
| Date Announced | 28 Dec 2012 |
| Category | PDF Submission |
| Reference No | CM-121228-62746 |
| Subject | Annual Audited Accounts - 31 August 2012 |
UPA - Acquisition of Agricultural Lands from Hot-Target Sdn Bhd ("HTSB") ["Proposed Acquisition"]
| Company Name | UPA CORPORATION BHD |
| Stock Name | UPA |
| Date Announced | 28 Dec 2012 |
| Category | General Announcement |
| Reference No | CM-121228-63129 |
FRB - GENERAL MEETINGS: NOTICE OF MEETING
| Company Name | FORMIS RESOURCES BERHAD |
| Stock Name | FRB |
| Date Announced | 28 Dec 2012 |
| Category | General Meetings |
| Reference No | MB-121228-56383 |
| Type of Meeting | EGM |
| Indicator | Notice of Meeting |
| Description | FORMIS RESOURCES BERHAD NOTICE OF EXTRAORDINARY MEETING - PROPOSED PAR VALUE REDUCTION - PROPOSED RIGHTS ISSUE WITH WARRANTS - PROPOSED REVISED AMENDMENTS TO M&A |
| Date of Meeting | 23/01/2013 |
| Time | 10:30 AM |
| Venue | The Fairway Family Restaurant, 1st Floor, The Royal Selangor Golf Club, Jalan Kelab Golf, Off Jalan Tun Razak, 55000 Kuala Lumpur |
| Date of General Meeting Record of Depositors | 17/01/2013 |
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