KHSB - MATERIAL LITIGATION
| Company Name | KUMPULAN HARTANAH SELANGOR BERHAD |
| Stock Name | KHSB |
| Date Announced | 17 Dec 2012 |
| Category | General Announcement |
| Reference No | KH-121217-63272 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | KUMPULAN HARTANAH SELANGOR BERHAD ("KHSB" OR "THE COMPANY") - Shah Alam High Court Civil Suit No. MT3-22-617-2008 between Pembinaan Juta Mekar Sdn. Bhd. against SAP Holdings Berhad (“SAP”) and Templer Park Golf & Resort Berhad (“TPGR”) |
Further to our announcement dated 27 July 2012, the Company wishes to announce the latest development on the above case involving SAP Holdings Berhad (“SAP”), a wholly-owned subsidiary of the Company and TPGR, a subsidiary of SAP Leisure & Resort Sdn. Bhd. which in turn is a wholly-owned subsidiary of SAP. KHSB was informed today by the Solicitor acting for SAP and TPGR that during the Mention which was held on 7 December 2012, the High Court had maintained the Full Trial dates from 7 January 2013 to 11 January 2013. The Company will make the necessary announcement on further development on this matter in due course. This announcement is dated 17 December 2012. | |
HEXAGON - PRACTICE NOTE 1 / GUIDANCE NOTE 5:NEW DEFAULT
| Company Name | HEXAGON HOLDINGS BHD |
| Stock Name | HEXAGON |
| Date Announced | 17 Dec 2012 |
| Category | General Announcement |
| Reference No | CM-121217-63660 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT |
| Description | HEXAGON HOLDINGS BERHAD (“HHB” or “the Company”) - Default in payment pursuant to Practice Note No.1/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad |
INTRODUCTION Further to the announcement dated 14 December 2012 in respect of the Summary Judgement obtained by Standard Chartered Malaysia Berhad (“SCB”) against Polymer Composite Asia Sdn Bhd (“PCA”), a wholly-owned subsidiary company of Hexagon Tower Sdn Bhd (In Liquidation) which in turn is a wholly-owned subsidiary company of the Company (“Summary Judgement”), the Board of Directors of the Company (“Board”) wishes to announce that the Company has triggered Paragraph 2(d) of Practice Note No. 1/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”). REASONS FOR THE DEFAULT The reason for default is pursuant to the recall by SCB of a term loan facility granted to PCA (“Facility”). MEASURES TO ADDRESS THE DEFAULT The Company wishes to advise that it is currently undertaking the following measures: (i)������������ to immediately appeal by filing a Notice of Appeal in the Court of Appeal against the Summary Judgment and a Stay of Execution of the Summary Judgment (“Appeal”); (ii)���������� finalising the proposed corporate debt restructuring schemes between each of the Company, PCA, Hexagon Distributors Sdn Bhd, Hexagon Tower Sdn Bhd (In Liquidation) and Hexagon Engineering Construction Sdn Bhd (In Liquidation) and their respective creditors (“Proposed Corporate Debt Restructuring Scheme”) to be implemented through separate court convened meetings (“CCM”) pursuant to Section 176 of the Companies Act 1965; and (iii)��������� formulating a proposed sale and leaseback of PCA’s lands and buildings (“Proposed Sale and Leaseback”). LEGAL IMPLICATIONS OF THE DEFAULT The legal implication is dependent upon the outcome of the Appeal. BUSINESS, FINANCIAL AND OPERATIONAL IMPACT OF THE DEFAULT Pending the enforcement of the Summary Judgment, there is no material business, financial and operational impact as the Group continues with its business operations with available financial resources. The Group is also actively finalising the Proposed Corporate Debt Restructuring Scheme with its lenders and advisers in order to improve its financial condition and in this respect, the Group is targeting �to conduct the CCMs in the first quarter of 2013. Concurrently, the Group is in the midst of discussion with interested parties on the possibility of concluding the�Proposed Sale and Leaseback. MAJOR SUBSIDIARY PCA is a major subsidiary of the Company SOLVENCY DECLARATION The Board of Directors is of the opinion that the Company is solvent and will be able to repay all its debts as and when they fall due within the period of twelve (12) months from the date of this announcement. The Company also undertakes to provide to Bursa Securities, the Solvency Declaration Statement duly executed by its Board within 3 market days from the date of this announcement. This announcement is dated 17 December 2012. | |
HINGYAP - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | HING YIAP GROUP BERHAD |
| Stock Name | HINGYAP |
| Date Announced | 17 Dec 2012 |
| Category | General Announcement |
| Reference No | MI-121217-57011 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | HING YIAP GROUP BERHAD (“HING YIAP” OR THE “COMPANY”) PROPOSED ACQUISITIONS FROM ASIA BRANDS CORPORATION BERHAD OF THE ENTIRE EQUITY INTEREST IN ANAKKU SDN BHD, AUDREY SDN BHD, MICKEY JUNIOR SDN BHD, ASIA BRANDS GLOBAL SDN BHD, ASIA BRANDS ASSETS MANAGEMENT SDN BHD AND ASIA BRANDS HR SERVICES SDN BHD FOR AN AGGREGATE PURCHASE CONSIDERATION OF RM245,000,000 (“PROPOSED ACQUISITIONS”) |
We refer to the announcements dated 11 July 2012, 13 July 2012, 2 August 2012, 30 August 2012, 25 September 2012, 7 November 2012, 23 November 2012 and 6 December 2012 in relation to the Proposed Acquisitions (“Announcements”). Unless otherwise defined, all capitalised expressions shall carry the same meaning as ascribed to them in the Announcements. On behalf of the Board of Directors of Hing Yiap, Kenanga Investment Bank Berhad wishes to announce that the Proposed Acquisitions have been completed on 14 December 2012 in accordance with the Shares Sale Agreement (“SSA”) dated 11 July 2012. This announcement is dated 17 December 2012. | |
DENKO - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | DENKO INDUSTRIAL CORPORATION BERHAD |
| Stock Name | DENKO |
| Date Announced | 17 Dec 2012 |
| Category | General Announcement |
| Reference No | CU-121217-64769 |
| Type | Announcement | ||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||||
| Description | DENKO INDUSTRIAL CORPORATION BERHAD ("DENKO" OR "THE COMPANY") - Dealing in Securities by Principal Officer Outside Closed Period | ||||||||||||||||||||
The Company wishes to announce that it has received a Notification Letter dated 17 December 2012 from Mr. Chin Kok Sang, the Group Chief Executive Officer of Denko pursuant to Chapter 14, Paragraph 14.09 of the Bursa Malaysia Securities Berhad's Main Market Listing Requirements notifying the Company of his dealing in the securities of the Company during outside closed period as per table below:
This announcement is dated 17 December 2012. | |||||||||||||||||||||
MAHSING - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 17 Dec 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | MS-121217-A3E6E |
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 RM0.50 each |
| Name & address of registered holder | 1. Employees Provident Fund Board ("EPF") Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur 2. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board 3. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (PHIEM) 3. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) 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 | 12/12/2012 | 145,600 |
| Remarks : |
| Form 29B received on 17 December 2012. |
CRESBLD - Notice of Shares Buy Back by a Company pursuant to Form 28A
| Company Name | CREST BUILDER HOLDINGS BERHAD |
| Stock Name | CRESBLD |
| Date Announced | 17 Dec 2012 |
| Category | Notice of Shares Buy Back by a Company Pursuant to Form 28A |
| Reference No | CB-121217-48039 |
SPSETIA - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | S P SETIA BERHAD |
| Stock Name | SPSETIA |
| Date Announced | 17 Dec 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | C&-121217-84C32 |
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 - RM0.75 |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd-Employees Provident Fund Board Citigroup Nominees (Tempatan) Sdn Bhd-Employees Provident Fund Board (AMUNDI) Citigroup Nominees (Tempatan) Sdn Bhd-Employees Provident Fund Board (KIB) Citigroup Nominees (Tempatan) Sdn Bhd-Employees Provident Fund Board (MAYBAN) |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 12/12/2012 | 500,000 |
| Remarks : |
| Form 29B received on 17/12/2012 |
SPSETIA - OTHERS NOTICE TO WARRANT HOLDERS IN RELATION TO THE EXPIRY AND FINAL EXERCISE OF WARRANTS 2008/2013
| Company Name | S P SETIA BERHAD |
| Stock Name | SPSETIA |
| Date Announced | 17 Dec 2012 |
| Category | General Announcement |
| Reference No | SP-121217-53362 |
| Type | Announcement |
| Subject | OTHERS |
| Description | NOTICE TO WARRANT HOLDERS IN RELATION TO THE EXPIRY AND FINAL EXERCISE OF WARRANTS 2008/2013 |
We are pleased to enclose herewith a Notice to Warrant Holders in relation to the expiry and final exercise of Warrants 2008/2013. This announcement is dated 17 December 2012. | |
FITTERS - Notice of Shares Buy Back by a Company pursuant to Form 28A
| Company Name | FITTERS DIVERSIFIED BERHAD |
| Stock Name | FITTERS |
| Date Announced | 17 Dec 2012 |
| Category | Notice of Shares Buy Back by a Company Pursuant to Form 28A |
| Reference No | CC-121217-45991 |
FITTERS - Notice of Shares Buy Back - Immediate Announcement
| Company Name | FITTERS DIVERSIFIED BERHAD |
| Stock Name | FITTERS |
| Date Announced | 17 Dec 2012 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CC-121217-273D4 |
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