Company announcements: AMOLEK, INCKEN, OLYMPIA, MFCB, KBUNAI, YNHPROP, BJASSET, MELEWAR, TADMAX, SCIENTX

AMOLEK - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN

Announcement Type: General Announcement

Company Name	THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name	AMOLEK
Date Announced	8 Jan 2013
Category	General Announcement
Reference No	ML-130108-62295

Type	Announcement
Subject	PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN
Description	THE AYER MOLEK RUBBER COMPANY BERHAD (“AMOLEK” OR “COMPANY”) REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
We refer to the Company's announcements dated 20 December 2011, 1 June 2012, 2 July 2012 and 2 January 2013. On behalf of the Board of Directors of AMolek, Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad) wishes to announce that the Securities Commission (“SC”) had, vide its letter dated 7 January 2013 (which was received on 8 January 2013), rejected the application by the Company for an extension of time until 31 March 2013 to finalise and submit proposed revisions to the restructuring scheme which had been approved by the SC on 16 December 2011 (“Approved Restructuring Scheme”), on the basis that the application did not comply with Paragraph 10.04 of the SC’s Equity Guidelines which only provides for an extension of time for the purpose of implementing an approved proposal, and not for the purpose of finalising and submitting a new proposal. The Board of Directors of AMolek will deliberate on the next course of action and release an appropriate announcement upon doing so. This announcement is dated 8 January 2013.

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INCKEN - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement

Company Name	INCH KENNETH KAJANG RUBBER PUBLIC LTD CO
Stock Name	INCKEN
Date Announced	8 Jan 2013
Category	Notice of Shares Buy Back - Immediate Announcement
Reference No	IK-130103-4188F

Date of buy back	08/01/2013
Description of shares purchased	ORDINARY SHARES
Currency	Malaysian Ringgit (MYR)
Total number of shares purchased (units)	122,000
Minimum price paid for each share purchased ($$)	0.825
Maximum price paid for each share purchased ($$)	0.830
Total consideration paid ($$)	100,894.00
Number of shares purchased retained in treasury (units)	122,000
Number of shares purchased which are proposed to be cancelled (units)	0
Cumulative net outstanding treasury shares as at to-date (units)	4,857,500
Adjusted issued capital after cancellation (no. of shares) (units)	0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)	1.15

Remarks :

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OLYMPIA - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement

Company Name	OLYMPIA INDUSTRIES BERHAD
Stock Name	OLYMPIA
Date Announced	8 Jan 2013
Category	General Announcement
Reference No	OI-130107-42675

Type	Announcement
Subject	PROVISION OF FINANCIAL ASSISTANCE
Description	Quarterly Disclosures pursuant to Paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad.
Pursuant to Paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad, we attach herewith the quarterly disclosures at at 31 December 2012 in respect of Jupiter Capital Sdn Bhd, a moneylending subsidiary of Olympia Industries Berhad.

Attachments Quarterly Disclosures (December 2012).pdf 69 KB

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MFCB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement

Company Name	MEGA FIRST CORPORATION BERHAD
Stock Name	MFCB
Date Announced	8 Jan 2013
Category	Notice of Shares Buy Back - Immediate Announcement
Reference No	MF-130108-63499

Date of buy back	08/01/2013
Description of shares purchased	Ordinary shares of MYR1.00 each
Currency	Malaysian Ringgit (MYR)
Total number of shares purchased (units)	33,000
Minimum price paid for each share purchased ($$)	1.590
Maximum price paid for each share purchased ($$)	1.600
Total consideration paid ($$)	53,085.03
Number of shares purchased retained in treasury (units)	33,000
Number of shares purchased which are proposed to be cancelled (units)	0
Cumulative net outstanding treasury shares as at to-date (units)	19,005,300
Adjusted issued capital after cancellation (no. of shares) (units)	242,395,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)	7.84

Remarks :

This announcement is dated 8 January 2013.

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KBUNAI - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement

Company Name	KARAMBUNAI CORP BHD
Stock Name	KBUNAI
Date Announced	8 Jan 2013
Category	General Announcement
Reference No	KC-130104-40005

Type	Announcement
Subject	PROVISION OF FINANCIAL ASSISTANCE
Description	Disclosure Pursuant to Paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad
Pursuant to paragraph 8.23(2)(e) of the Listing Requirements of the Bursa Malaysia Securities Berhad, Karambunai Corp Bhd ("the Company") is pleased to announce the quarterly disclosure on the provision of financial assistance in respect of the moneylending operations undertaken by the Company's wholly-owned subsidiary, FACB Capital Sdn Bhd for the third quarter ended 31 December 2012, attached below. This announcement is dated 8 January 2013.

Attachments Quarterly Disclosures 31 December 2012.pdf 68 KB

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YNHPROP - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc ("MUFG")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	YNH PROPERTY BERHAD
Stock Name	YNHPROP
Date Announced	8 Jan 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CC-130108-62037

Particulars of substantial Securities Holder

Name	Mitsubishi UFJ Financial Group, Inc ("MUFG")
Address	7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8330, Japan
NRIC/Passport No/Company No.	N/A
Nationality/Country of incorporation	Japan
Descriptions (Class & nominal value)	Ordinary shares of RM1.00 each
Name & address of registered holder	Aberdeen Asset Management PLC ("Aberdeen") and its subsidiaries 10 Queen's Terrace, Aberdeen, AB10 1YG, Scotland

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	03/01/2013	23,100

Circumstances by reason of which change has occurred	Acquisition by Aberdeen. MUFG is deemed interested in the shares by virtue of MUFG's wholly-owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen.
Nature of interest	Deemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)	54,372,741
Indirect/deemed interest (%)	13.182
Total no of securities after change	54,372,741
Date of notice	07/01/2013

Remarks :

Received notice dated 7 January 2013 from MUFG on 8 January 2013. This announcement is dated 8 January 2013.

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BJASSET - Change in Boardroom

Announcement Type: Change in Boardroom

Company Name	BERJAYA ASSETS BERHAD
Stock Name	BJASSET
Date Announced	8 Jan 2013
Category	Change in Boardroom
Reference No	BA-121205-32116

Date of change	08/01/2013
Name	DATUK LYE EK SEANG
Age	48
Nationality	Malaysian
Type of change	Redesignation
Previous Position	Non-Executive Director
New Position	Executive Director
Directorate	Executive
Qualifications	He holds a Bachelor of Science (Hons) degree in Mathematics from the University of Malaya. He joined the Rejimen Askar Wataniah (Reserved Officer Training Unit-ROTU) and was commissioned as Second Lieutenant by Duli Yang Maha Mulia Seri Paduka Baginda Yang Dipertuan Agong on 15 June 1989.
Working experience and occupation	He was the Non-Independent Non-Executive Director and Audit Committee Member of Magna Prima Berhad from 16 July 2007 to 24 June 2009. He was also the Non-Independent Non-Executive Director of Ho Hup Construction Company Berhad from August 2008 and re-designated as Deputy Executive Chairman from December 2008 until March 2010.
Directorship of public companies (if any)	1. Minetech Resources Berhad
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	None

Remarks :

Datuk Lye Ek Seang has been redesignated from an Independent Non-Executive Director to a Non-Independent Executive Director on 8th January 2013.

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MELEWAR - PRACTICE NOTE 1 / GUIDANCE NOTE 5:NEW DEFAULT

Announcement Type: General Announcement

Company Name	MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name	MELEWAR
Date Announced	8 Jan 2013
Category	General Announcement
Reference No	CM-130107-54835

Type	Announcement
Subject	PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT
Description	MELEWAR INDUSTRIAL GROUP BERHAD ("MIG" or "the Company") - DEFAULT IN PAYMENT UNDER PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“PN 1”)
1.0 INTRODUCTION The Board of Directors of MIG (“the Board”) wishes to announce that Siam Power Generation Public Company Limited (“Siam Power”), a sub-subsidiary of the Company, was unable to make the principal and interest payments of approximately RM45.0 million (“the Payment”) due and payable on 31 December 2012 (“the Due Date”) pursuant to the: (i) Credit Facilities dated 30 June 2008 made between: Siam Power as Borrower; Kasikornbank Public Company Limited (“KBank”), Bank of Ayudhya Public Company Limited (“Bank of Ayudhya”), Siam City Bank Public Company Limited and Oversea-Chinese Banking Corporation Limited, as the Lenders; Bank of Ayudhya as Facility Agent; and KBank as Security Agent; (ii) Amendment Agreement to the said Credit Facilities Agreement dated 8 July 2008 made between the parties mentioned in Item (i) above; and (iii) Subordination Agreement dated 8 July 2008 made between Mperial Power Ltd (“Mperial”) and the Company as Junior Creditors, Siam Power as Borrower and KBank as Security Agent. (collectively referred to as “the Default”) The Default is in respect of Siam Power’s credit facilities where the total amount outstanding is 5% or more of the consolidated net assets of MIG based on the latest published financial statement as at 30 September 2012. 2.0 DETAILS OF THE DEFAULT The Company provides herewith the following details in compliance with Paragraph 3.1 of PN 1: a) Date of Default 31 December 2012. b) Reason for the Default Siam Power was unable to pay the principal and interest payments totaling approximately RM45.0 million which was due for payment by 31 December 2012. However, as at the date of this announcement, the Lenders have not called an event of default on Siam Power. The operations of Siam Power has been very challenging as one of its two major customers has been unable to meet its contractual obligation to purchase electrical power, thus forcing Siam Power to operate at sub-efficient levels. The failure of this customer to fulfill its contracted power offtake from Siam Power has been the cause of the cash constraints faced by Siam Power and consequently affected Siam Power’s capacity to pay the principal and interest amounts due on the loan. This customer is currently undergoing a corporate restructuring exercise which when completed, is expected to see the customer resume the purchase of power as per the terms of the Power Purchase Agreement signed with the said customer. c) Measures by the Company to address the Default Siam Power has on 19 December 2012 written to the Lenders to seek indulgence of time up to 31 March 2013 from the Due Date to remedy this matter. As at the date of this announcement, the Lenders have not granted the indulgences requested or called an event of default on Siam Power. The Lenders are in the midst of appointing an independent financial advisor to look into the restructuring of the loan in view of the soon completion of the restructuring of the abovementioned customer of Siam Power. d) The legal implications of the Default There are no legal implications on MIG as the said credit facilities to Siam Power are on a non-recourse basis and are not guaranteed by MIG. Siam Power however may be subjected to legal recovery actions by the Lenders. However, as at the date of this announcement, the Lenders have not called an event of default on Siam Power. e) The business, financial and operational impact of the Default on the Company The Default is not expected to have any direct impact on the business, financial and operational aspects of MIG. f) In the event the Default is in respect of secured loan stocks or bonds, the lines of action available to the guarantors or security holders against the listed issuer Not applicable. g) In the event the Default is in respect of payments under a debenture, to specify whether the Default will empower the debenture holder to appoint a receiver or receiver and manager Not applicable. h) Whether the Default constitutes an event of default under a different agreement for indebtedness (“Cross Default”) and the details for such other default, where applicable In the event the Lenders call an event of default on Siam Power, the Default will constitute an event of default (Cross Default) under the various trade facilities and revolving credit lines provided by two (2) local banks to the Company and its subsidiaries. In this regard, MIG shall engage its local bankers to secure their continuing support. i) Where the Default is in respect of a subsidiary or associate company, a confirmation as to whether the subsidiary or associated company is a major subsidiary or major associate company, as the case may be Siam Power is a subsidiary of Mperial, which in turn is a wholly-owned subsidiary of Melewar Steel Engineering Sdn Bhd (“MSE”). MSE is a wholly-owned subsidiary of the Company. Siam Power is regarded as a major subsidiary of the Company. j) Where the default is in respect of the Company, major subsidiary or major associated company, as the case may be, a statement as to whether the Company is solvent (“Solvent Declaration”) Based on the explanations given herein and the Company’s existing and forecast cash-flows, the Directors are of the opinion that the Company is solvent as it will be able to meet its debts as and when they fall due within the period of 12 months from the date of this announcement. The Company hereby undertakes to provide to Bursa Malaysia Securities Berhad, the Solvency Declaration duly executed by its Board of Directors within 3 market days from this announcement. k) Other information The Company shall update on a monthly basis on the current status of the Default and the steps taken to address the Default until such time when the Default is remedied. This announcement is dated 8 January 2013.

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TADMAX - Changes in Sub. S-hldr's Int. (29B) - Chen Chee Min

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	TADMAX RESOURCES BERHAD
Stock Name	TADMAX
Date Announced	8 Jan 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	TR-130107-44834

Particulars of substantial Securities Holder

Name	Chen Chee Min
Address	No. 107, Jalan 7 Taman Sri Semenyih 43500 Semenyih Selangor Darul Ehsan
NRIC/Passport No/Company No.	620821-10-5465
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary Shares of RM1.00 each
Name & address of registered holder	Chen Chee Min No. 107, Jalan 7 Taman Sri Semenyih 43500 Semenyih Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	27/11/2012	130,000
Disposed	30/11/2012	200,000

Circumstances by reason of which change has occurred	Disposal via open market
Nature of interest	Direct
Direct (units)	38,839,552
Direct (%)	10.71
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	38,839,552
Date of notice	04/01/2013

Remarks :

The notice of Change in the Interests of Substantial Shareholder was received from Chen Chee Min on 8 January 2013.

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

Announcement Type: General Announcement

Company Name	SCIENTEX BERHAD
Stock Name	SCIENTX
Date Announced	8 Jan 2013
Category	General Announcement
Reference No	OI-130108-62290

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SCIENTEX BERHAD ("SB" OR THE "COMPANY") ACQUISITION BY SCIENTEX PACKAGING FILM SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SB OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF GREAT WALL PLASTIC INDUSTRIES BERHAD AND GW PACKAGING SDN BHD, BOTH WHOLLY-OWNED SUBSIDIARIES OF GW PLASTICS HOLDINGS BERHAD, FOR A TOTAL PURCHASE CONSIDERATION OF RM283.20 MILLION TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISITIONS")
We refer to the announcements dated 3 October 2012, 8 October 2012, 24 October 2012, 26 November 2012 and 19 December 2012 in relation to the Acquisitions. On behalf of the Board of Directors of SB, OSK Investment Bank Berhad wishes to announce that all conditions precedent applicable in respect of the Share Sale Agreement dated 3 October 2012 for the Acquisitions ("SSA") have been fulfilled or obtained in accordance with the terms and conditions of the SSA on 3 January 2013 and the final payment of Purchase Consideration has been received by GW Plastics Holdings Berhad on 8 January 2013, marking the completion of the Acquisitions. This announcement is dated 8 January 2013.

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