December 10, 2012

Company announcements: PARKSON, KPS, MAXIS, PETGAS, KHSB, AXIATA, SUCCESS, TEOSENG

PARKSON - OTHERS Announcement by Parkson Retail Asia Limited - Response to SGX Queries on Announcement of Revision in Utilisation of Initial Public Offering Proceeds

Announcement Type: General Announcement
Company NamePARKSON HOLDINGS BERHAD  
Stock Name PARKSON  
Date Announced10 Dec 2012  
CategoryGeneral Announcement
Reference NoPH-121210-96F99

TypeAnnouncement
SubjectOTHERS
DescriptionAnnouncement by Parkson Retail Asia Limited
- Response to SGX Queries on Announcement of Revision in Utilisation of Initial Public Offering Proceeds
We attach herewith an announcement made to the Singapore Exchange Securities Trading Limited (“SGX-ST”) by Parkson Retail Asia Limited (“PRA”), a 67.61% owned subsidiary of the Company listed on the SGX-ST, on 10 December 2012 in relation to the Response to SGX Queries on Announcement of Revision in Utilisation of Initial Public Offering Proceeds.

Attachments

PRA Announcement.pdf
86 KB



KPS - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameKUMPULAN PERANGSANG SELANGOR BERHAD  
Stock Name KPS  
Date Announced10 Dec 2012  
CategoryGeneral Announcement
Reference NoKP-121210-64677

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionKUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR”)

Court of Appeal at Putrajaya, Civil Appeal No. W-02-2105-2011 between Cergas Tegas Sdn. Bhd. (Appellant) -vs- (1) SAP Holdings Berhad and (2) Star Everest Sdn. Bhd. (Respondents)

[(i) Kuala Lumpur High Court No. S2-22-185-2004 between Cergas Tegas Sdn Bhd against SAP Holdings Berhad

(ii) Kuala Lumpur High Court No. S6-22-280-2006 between Cergas Tegas Sdn Bhd against SAP Holdings Berhad and Star Everest Sdn Bhd ]
Further to our announcement dated 8 October 2012, Perangsang Selangor wishes to announce the latest development on the above appeal case involving SAP Holdings Berhad (“SAP”), a wholly-owned subsidiary of Kumpulan Hartanah Selangor Berhad (“KHSB”) which in turn is a subsidiary of Perangsang Selangor. The abovementioned appeal was fixed for Decision on 7 December 2012.
The appeal in the Court of Appeal was heard on 5 October 2012.

KHSB was informed by their solicitor today, that on 7 December 2012, the Court of Appeal held the following :

i) that the appeal was allowed with costs of RM50,000.00 in which the decision of the High Court dated 4 August 2011 was overturned.

ii) that the termination of the Joint Venture Agreement dated 12 January 1991 and the agreements ancillary thereto (“JVA”) by SAP are wrongful and not valid;

iii) that the unilateral revocation of the Power of Attorney in favour of Cergas Tegas Sdn. Bhd. (“CTSB”) dated 28 August 1991 by SAP is not valid and consequently, the Power of Attorney is still valid and binding on SAP;

iv) that SAP only has interest and rights to the payment of the balance of the RM23,500,000.00 and not the leasehold land held under HS(D) 20034, PT No. 26549, Mukim Batu, Daerah Gombak, Selangor Darul Ehsan (“Land”) pursuant to the Second Supplementary Agreement;

v) that conduct of SAP through up to the date of termination of the JVA was such that SAP only gave effect to the Second Supplementary Agreement and not to the JVA; and

vi) SAP’s counterclaim is dismissed.

With the above findings, the Court of Appeal among others ordered that :

a) SAP transfers the Land to CTSB, subject to payment of the balance purchase price equivalent to RM14,322,173.00 by CTSB to SAP and further subject to redemption by CTSB and also further subject to the status of the forfeiture of the Land by the Selangor State Authority;

b) SAP gives vacant possession of the Land to CTSB;

c) SAP to pay CTSB for damages to be assessed by the Senior Assistant Registrar of the High Court; and

d) An injunction restraining SAP from disposing the Land to Star Everest.

The full particulars, findings, grounds and orders made by the Court of Appeal would be found in the Written Judgement which will be available later.

As the damages, if any, will be assessed by the Senior Assistant Registrar of the High Court at a later date, the aforementioned Decision by the Court of Appeal for the time being will not have any effect on the issued and paid-up capital of SAP and also on the current year earnings and net assets as the carrying value of the Land, which is the main subject matter of the Decision, has been fully charged out. Any balance payable to SAP as a result of the Decision, however, is expected to contribute positively to the earnings and net assets of KHSB.

KHSB is, in the meantime, seeking legal opinion on the course of actions available to KHSB.

Perangsang Selangor will make the necessary announcement on further development on this matter in due course.

This announcement is dated 10 December 2012.


MAXIS - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad- Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced10 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-121210-EA980

Particulars of substantial Securities Holder

NameAmanahRaya Trustees Berhad
- Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holderAmanahRaya Trustees Berhad
- Skim Amanah Saham Bumiputera
Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur
- in respect of the purchase of 2,300,000 Maxis Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired05/12/2012
2,300,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units)417,248,200 
Direct (%)5.56 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change417,248,200
Date of notice05/12/2012

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 5 December 2012 and received by the Company on 10 December 2012.


MAXIS - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad- Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced10 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-121210-E8FB9

Particulars of substantial Securities Holder

NameAmanahRaya Trustees Berhad
- Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holderAmanahRaya Trustees Berhad
- Skim Amanah Saham Bumiputera
Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur
- in respect of the purchase of 2,300,000 Maxis Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired04/12/2012
2,300,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units)414,948,200 
Direct (%)5.53 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change414,948,200
Date of notice04/12/2012

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 4 December 2012 and received by the Company on 10 December 2012.


MAXIS - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board ("EPF Board")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced10 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-121210-A45C7

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board ("EPF 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 RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
EPF Board
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
- in respect of the disposal of 6,000,000 Maxis Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed05/12/2012
6,000,000
 

Circumstances by reason of which change has occurredDisposal
Nature of interestDirect
Direct (units)518,752,000 
Direct (%)6.91 
Indirect/deemed interest (units)49,281,000 
Indirect/deemed interest (%)0.66 
Total no of securities after change568,033,000
Date of notice06/12/2012

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 6 December 2012 and received by the Company on 10 December 2012.

The registered holders of the 568,033,000 Maxis Shares are as follows:-

Directly held
1. Citigroup Nominees (Tempatan) Sdn Bhd
EPF Board
- in respect of 518,752,000 Maxis Shares

Held through nominee
2. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (AMUNDI)
- in respect of 2,134,800 Maxis Shares

3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (HDBS)
- in respect of 3,572,100 Maxis Shares

4. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (RHB INV)
- in respect of 439,100 Maxis Shares

5. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (AM INV)
- in respect of 3,137,600 Maxis Shares

6. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (MAYBAN)
- in respect of 300,000 Maxis Shares

7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (ALLIANCE)
- in respect of 2,856,000 Maxis Shares

8. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (NOMURA)
- in respect of 14,220,900 Maxis Shares

9. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (CIMB PRI)
- in respect of 19,540,400 Maxis Shares

10. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (ARIM)
- in respect of 1,250,000 Maxis Shares

11. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (TEMPLETON)
- in respect of 1,830,100 Maxis Shares


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 Announced10 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPG-121210-77EBB

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)
Disposed03/12/2012
25,000
 
Disposed04/12/2012
30,000
 
Disposed03/12/2012
1,000,000
 
Disposed04/12/2012
1,057,500
 
Acquired04/12/2012
100,000
 

Circumstances by reason of which change has occurred1.Disposal of shares in open market by KWAP's Fund Manager
2.Disposal of shares in open market by KWAP
3.Purchase 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 change115,848,400
Date of notice10/12/2012

Remarks :
Received Form 29B on 10 December 2012


KHSB - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameKUMPULAN HARTANAH SELANGOR BERHAD  
Stock Name KHSB  
Date Announced10 Dec 2012  
CategoryGeneral Announcement
Reference NoKH-121210-55886

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionKUMPULAN HARTANAH SELANGOR BERHAD (“KHSB” OR ‘THE COMPANY’)
Court of Appeal at Putrajaya, Civil Appeal No. W-02-2105-2011 between Cergas Tegas Sdn. Bhd. (Appellant) -vs- (1) SAP Holdings Berhad and (2) Star Everest Sdn. Bhd. (Respondents)

[(i) Kuala Lumpur High Court No. S2-22-185-2004 between Cergas Tegas Sdn. Bhd. against SAP Holdings Berhad

(ii) Kuala Lumpur High Court No. S6-22-280-2006 between Cergas Tegas Sdn. Bhd. against SAP Holdings Berhad and Star Everest Sdn. Bhd.]
Further to our announcement dated 8 October 2012, the Company wishes to announce the latest development on the above appeal case involving SAP Holdings Berhad (“SAP”), a wholly-owned subsidiary of the Company. The abovementioned appeal was fixed for Decision on 7 December 2012.
The appeal in the Court of Appeal was heard on 5 October 2012.

We were informed by our solicitor today, that on 7 December 2012, the Court of Appeal held the following :

i) that the appeal was allowed with costs of RM50,000.00 in which the decision of the High Court dated 4 August 2011 was overturned;

ii) that the termination of the Joint Venture Agreement dated 12 January 1991 and the agreements ancillary thereto (“JVA”) by SAP are wrongful and not valid;

iii) that the unilateral revocation of the Power of Attorney in favour of Cergas Tegas Sdn. Bhd. (“CTSB”) dated 28 August 1991 by SAP is not valid and consequently, the Power of Attorney is still valid and binding on SAP;

iv) that SAP only has interest and rights to the payment of the balance of the RM23,500,000.00 and not the leasehold land held under HS(D) 20034, PT No. 26549, Mukim Batu, Daerah Gombak, Selangor Darul Ehsan (“Land”) pursuant to the Second Supplementary Agreement;

v) that conduct of SAP through up to the date of termination of the JVA was such that SAP only gave effect to the Second Supplementary Agreement and not to the JVA; and

vi) SAP’s counterclaim is dismissed.

With the above findings, the Court of Appeal among others ordered that :

a) SAP transfers the Land to CTSB, subject to payment of the balance purchase price equivalent to RM14,322,173.00 by CTSB to SAP and further subject to redemption by CTSB and also further subject to the status of the forfeiture of the Land by the Selangor State Authority;

b) SAP gives vacant possession of the Land to CTSB;

c) SAP to pay CTSB for damages to be assessed by the Senior Assistant Registrar of the High Court; and

d) An injunction restraining SAP from disposing the Land to Star Everest.

The full particulars, findings, grounds and orders made by the Court of Appeal would be found in the Written Judgement which will be available later.

As the damages, if any, will be assessed by the Senior Assistant Registrar of the High Court at a later date, the aforementioned Decision by the Court of Appeal for the time being will not have any effect on the issued and paid-up capital of SAP and also on the current year earnings and net assets as the carrying value of the Land, which is the main subject matter of the Decision, has been fully charged out. Any balance payable to SAP as a result of the Decision, however, is expected to contribute positively to the earnings and net assets of the Company.

The Company is, in the meantime, seeking legal opinion on the course of actions available to the Company.

The Company will make the necessary announcement on further development on this matter in due course.

This announcement is dated 10 December 2012.


AXIATA - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):ESOS

Announcement Type: General Announcement
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced10 Dec 2012  
CategoryGeneral Announcement
Reference NoAG-121210-29EFB

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
DescriptionPERFORMANCE-BASED EMPLOYEE SHARE OPTION SCHEME AND SHARE SCHEME (“AXIATA SHARE SCHEME”)
We are pleased to announce that Axiata had today (“Date of Offer”) offered 495,100 ordinary shares of RM1.00 each in Axiata (“Axiata Shares”) under the Axiata Share Scheme to the eligible employees and Executive Directors (“Eligible Employees”) of the Axiata Group of Companies (“Axiata Group”) (“Restricted Share Offer”).
Details of the Restricted Share Offer are as follows:-
  • Exercise Price of Axiata Shares

Not applicable as the Axiata Shares will be issued upon vesting to the Eligible Employees without any consideration.
  • Market Price of Axiata Shares

Closing Price of Axiata Shares on Date of Offer: RM6.19.
  • Vesting Period
    The rights offered under the Restricted Share Offer are expected to vest over a 2-3 years period from the acceptance date of the Restricted Share Offer, subject to the Eligible Employees meeting their individual performance targets, the Axiata Group meeting certain financial targets and/or the market price of Axiata Shares exceeding certain thresholds. Unless the Eligible Employees meet their highest performance targets the total amount of rights offered under the Restricted Share Offer which will vest will be lower than the total amount of Axiata Shares offered.
  • Number of Axiata Shares offered to Directors

Nil.

This announcement is dated 10 December 2012


SUCCESS - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameSUCCESS TRANSFORMER CORPORATION BERHAD  
Stock Name SUCCESS  
Date Announced10 Dec 2012  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-121210-63038

Date of buy back10/12/2012
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)11,000
Minimum price paid for each share purchased ($$)1.010
Maximum price paid for each share purchased ($$)1.010
Total consideration paid ($$)11,110.00
Number of shares purchased retained in treasury (units)11,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)5,656,177
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)4.7135


TEOSENG - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameTEO SENG CAPITAL BERHAD  
Stock Name TEOSENG  
Date Announced10 Dec 2012  
CategoryChange Of Company Secretary
Reference NoCK-121207-57234

Date of change10/12/2012
Type of changeAppointment
DesignationJoint Secretary
License no.MAICSA 7021024
NameTan Bee Hwee
Working experience and occupation during past 5 years


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