January 2, 2013

Company announcements: GCB, WCT

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

Announcement Type: General Announcement
Company NameGUAN CHONG BERHAD  
Stock Name GCB  
Date Announced2 Jan 2013  
CategoryGeneral Announcement
Reference NoCM-130102-36554

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionGuan Chong Berhad ("GCB" or "the Company")
Acquisition of the remaining 51% equity interest in Carlyle Cocoa Co., LCC ("Carlyle") for a total purchase consideration Of USD3,600,000 ("Acquisition")

Pursuant to Chapter 10, Paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Guan Chong Berhad ("GCB" or “the Company” or “GCB Group”) wishes to announce that its wholly-owned subsidiary company GCB America, Inc ("GCB America") had on 26 December 2012 entered into a Membership Interest Purchase Agreement (“the Agreement”) to acquire 51% of Michael J. Kostic’s (“MJK”) membership interest in Carlyle Cocoa Co., LLC ("Carlyle"), a limited liability company formed under the laws of the State of Delaware, United States of America (“U.S.A..”), for cash consideration totaling USD3,600,000 (“Acquisition”). Upon completion of the Acquisition, Carlyle shall become a wholly-owned sub-subsidiary of GCB.

Further details of the Acquisition are set out in the attachment enclosed.

This announcement is dated 2 January 2013.

Attachments

Membership Agreement.pdf
28 KB



WCT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced2 Jan 2013  
CategoryChange in Boardroom
Reference NoWW-121226-54928

Date of change02/01/2013
NameWong Yik Kae
Age35
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateNon Independent & Non Executive
QualificationsHe is a graduate of Bachelor of Arts in Accounting at Michigan State University, USA. He is also a Certified Practising Accountant (CPA) of Australia, a Chartered Accountant by profession with the Malaysian Institute of Accountants (MIA) and a member of the Malaysia Investor Relations Association.  
Working experience and occupation He is currently attached to the Group Corporate & Finance Department, is the head of Corporate Affairs Department.

Within WCT Group, he is involve in a variety of group corporate and financial functions which include corporate financing, corporate development and evaluation, investor relations, corporate branding & marketing and corporate communications

Prior to joining WCT in 2004, Mr. Wong started his career at Ernst & Young Malaysia from 1999 to 2003, with the Audit & Advisory Business Services specialisng in real estate, construction and financial due diligence.  
Directorship of public companies (if any)NIL 
Family relationship with any director and/or major shareholder of the listed issuerMr Wong is a son of Mr Wong Sewe Wing, a major shareholder of the Company 
Any conflict of interests that he/she has with the listed issuerNIL 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect Interest in WCT Berhad:
1) 41,105 ordinary shares of RM0.50 each
2) 500,000 Warrants (2008/2013)
3) 5,000 Warrants (2011/2016)
4) 22,801 Warrants (2012/2017)

Indirect Interest in WCT Berhad held by spouse:
1) 40,000 Warrants (2011/2016) 


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