January 29, 2013

Company announcements: IRCB, AFG, MFCB, KBUNAI, KIANJOO, MPI, MUDA, ORIENT

IRCB - Notice of Interest Sub. S-hldr (29A) - Lau Joo Yong

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameINTEGRATED RUBBER CORPORATION BERHAD  
Stock Name IRCB  
Date Announced29 Jan 2013  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCC-130129-60830

Particulars of Substantial Securities Holder

NameLau Joo Yong
Address12B, Bangsar Hill
No 26, Jalan Medang Serai
Bukit Bandaraya
59100 Kuala Lumpur
NRIC/Passport No/Company No.871206-14-5023
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderLau Joo Yong
12B, Bangsar Hill
No 26, Jalan Medang Serai
Bukit Bandaraya
59100 Kuala Lumpur

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired22/01/2013
No of securities37,000,000
Circumstances by reason of which Securities Holder has interestOff market transaction
Nature of interestDirect Interest
Price Transacted ($$)

Total no of securities after change

Direct (units)37,000,000 
Direct (%)6.25 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice29/01/2013

Remarks :
Received notice dated 29 January 2013 from Lau Joo Yong on 29 January 2013.

This announcement is dated 29 January 2013.

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

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameALLIANCE FINANCIAL GROUP BERHAD  
Stock Name AFG  
Date Announced29 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAF-130129-B8E84

Particulars of substantial Securities Holder

NameEmployees Provident Fund 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 RM1.00 each
Name & address of registered holderi) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (Disposal of 520,900 shares)
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

ii) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (MAYBAN) (Disposal of 100,000 shares)

iii) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB PRI) (Acquisition of 307,600 shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed21/01/2013
520,900
 
Disposed21/01/2013
100,000
 
Acquired21/01/2013
307,600
 

Circumstances by reason of which change has occurredi) Disposed
ii) Acquired
Nature of interestDirect Interest
Direct (units)213,233,040 
Direct (%)13.77 
Indirect/deemed interest (units)0 
Indirect/deemed interest (%)0 
Total no of securities after change213,233,040
Date of notice22/01/2013

Remarks :
The Form 29B dated 22 January 2013 was received on 25 January 2013.

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

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameALLIANCE FINANCIAL GROUP BERHAD  
Stock Name AFG  
Date Announced29 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAF-130129-0B59A

Particulars of substantial Securities Holder

NameEmployees Provident Fund 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 RM1.00 each
Name & address of registered holderi) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (Disposal of 2,000,000 shares)
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

ii) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB PRI) (Acquisition of 165,600 shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed22/01/2013
2,000,000
 
Acquired22/01/2013
165,600
 

Circumstances by reason of which change has occurredi) Disposed
ii) Acquired
Nature of interestDirect Interest
Direct (units)211,398,640 
Direct (%)13.65 
Indirect/deemed interest (units)0 
Indirect/deemed interest (%)0 
Total no of securities after change211,398,640
Date of notice23/01/2013

Remarks :
The Form 29B dated 23 January 2013 was received on 29 January 2013.

MFCB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameMEGA FIRST CORPORATION BERHAD  
Stock Name MFCB  
Date Announced29 Jan 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoMF-130129-63789

Date of buy back29/01/2013
Description of shares purchasedOrdinary shares of MYR1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)15,000
Minimum price paid for each share purchased ($$)1.580
Maximum price paid for each share purchased ($$)1.600
Total consideration paid ($$)23,961.92
Number of shares purchased retained in treasury (units)15,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)19,157,300
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 (%)7.9

Remarks :
This announcement is dated 29 January 2013.

KBUNAI - OTHERS PROPOSED CHANGE OF AUDITORS

Announcement Type: General Announcement
Company NameKARAMBUNAI CORP BHD  
Stock Name KBUNAI  
Date Announced29 Jan 2013  
CategoryGeneral Announcement
Reference NoKC-130118-39156

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED CHANGE OF AUDITORS

The Board of Directors of Karambunai Corp Bhd (“KCB” or “the Company”) wishes to announce that Messrs. Baker Tilly AC (formerly known as Moore Stephens AC) had on 25 January 2013 given notice in writing to the Directors of their intention to resign as Auditors of the Company. Pursuant to Section 172(15) of the Companies Act, 1965, their resignation will be effective only after another firm of Auditors has been appointed.

On 25 January 2013, the Company had received a notice of nomination from a shareholder of the Company, Mr Yong Vui Kiong for the appointment of Messrs. UHY, as the Auditors of the Company for the financial year ending 31 March 2013 in place of Messrs Baker Tilly AC (formerly known as Moore Stephens AC) and to hold office until the conclusion of the next Annual General Meeting of the Company at a remuneration to be determined by the Board of Directors of the Company (“Proposed Change of Auditors”).

The Proposed Change of Auditors is subject to and conditional upon approval being obtained from the shareholders of KCB at an Extraordinary General Meeting (“EGM”) to be convened.

A Circular containing the details and information of the Proposed Change of Auditors together with the Notice of EGM will be despatched to the shareholders of the Company in due course.

This announcement is dated 29 January 2013.


KIANJOO - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameKIAN JOO CAN FACTORY BERHAD  
Stock Name KIANJOO  
Date Announced29 Jan 2013  
CategoryGeneral Announcement
Reference NoKJ-130129-54663

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionKuala Lumpur High Court
Suit No. 22NCC-833-2011
Can-One International Sdn Bhd ("CISB" or "Plaintiff")
- versus -
1. Dato' See Teow Chuan ("1st Defendant")
2. Dato' Anthony See Teow Guan ("2nd Defendant")
3. See Teow Koon ("3rd Defendant")
4. See Tiau Kee ("4th Defendant")
5. Kian Joo Can Factory Berhad ("KJCF" or "5th Defendant")
(collectively "Defendants")

We refer to our announcement dated 4 December 2012.

The Plaintiff has sought a further mention date pending the decision of the Review Applications in the Federal Court.

As such, the Kuala Lumpur High Court has fixed the above suit for further mention on 14 March 2013.

This announcement is dated 29 January 2013.


MPI - Quarterly rpt on consolidated results for the financial period ended 31/12/2012

Announcement Type: Financial Results
Company NameMALAYSIAN PACIFIC INDUSTRIES BERHAD  
Stock Name MPI  
Date Announced29 Jan 2013  
CategoryFinancial Results
Reference NoMM-130129-45087

Financial Year End30/06/2013
Quarter2
Quarterly report for the financial period ended31/12/2012
The figureshave not been audited

Attachments

MPI-Q2 (FY 2013).pdf
736 KB


Remarks :
This announcement is dated 29 January 2013.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2012
31/12/2011
31/12/2012
31/12/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
295,375
279,226
613,724
594,839
2Profit/(loss) before tax
303
-16,405
2,995
-26,340
3Profit/(loss) for the period
-2,263
-17,525
-1,215
-29,053
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,787
-16,210
-1,644
-25,835
5Basic earnings/(loss) per share (Subunit)
-0.93
-8.37
-0.85
-13.33
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
5.40
5.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
3.6700
3.7400
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence

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

Announcement Type: General Announcement
Company NameMUDA HOLDINGS BERHAD  
Stock Name MUDA  
Date Announced29 Jan 2013  
CategoryGeneral Announcement
Reference NoMH-130129-4369A

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionACQUISITION OF THE ENTIRE ISSUED AND PAID UP SHARE CAPITAL OF KF PAPER PRODUCTS (MELAKA) SDN BHD

1.0 INTRODUCTION

The Board of Directors of Muda Holdings Berhad (“MUDA”) is please to announce that Muda, through its wholly-owned subsidiary, Muda Packaging Industries Sdn Bhd (Company No. 193900-M)(“MPI”) has on 29th January 2013 entered into a Sale and Purchase of Shares Agreement (“SPA”) with Hong Hwai Holdings Sdn Bhd (Company No. 645116-P), Mr Mah Kee Leng (NRIC No. 640505-04-5569), Mr Ku Ang Yeow (NRIC No. 700224-04-5273), Mr Tan Won Kiak (NRIC No. 720718-04-5247) and Ms Ong Bee Chen (NRIC No. 761003-04-5228) (“hereinafter collectively referred to as “the Vendors”) to acquire 2,000,000 ordinary shares of RM1.00 each (“the Sale Shares”) representing the entire issued and paid up share capital KF Paper Products (Melaka) Sdn Bhd (Company No. 811097-A) (“KF PAPER”) (“Proposed Acquisition”) for a total cash consideration of RM6,750,000.00 (“Purchase Consideration”).

2.0 PROPOSED ACQUISITION

2.1 Details the Proposed Acquisition

On 29th January 2013, MPI entered into a SPA with the Vendors to acquire 2,000,000 ordinary shares of RM1.00 each representing the entire issued and paid up share capital of KF PAPER for a total cash consideration of RM6,750,000.00. The Sale Shares are acquired free from all encumbrances, liens and charges with all rights attaching thereto.

A deposit of RM675,000.00 representing 10% of the total purchase consideration has been paid on signing of the SPA while the balance of RM6,075,000.00 is to be paid within three (3) month from fulfillment of all the conditions precedent.

2.2 Conditions Precedent for the Proposed Acquisition

Completion of the Proposed Acquisition is subject to following:-

a. Where necessary, the approval of the Foreign Investment Committee;

b. MPI being satisfied with the result of the due diligence audit;

c. Completion of the purchase of a piece of land as held under Title No. HS (D) 2371 PT 419 Mukim Merlimau, Daerah Jasin, Negeri Melaka measuring approximately 5.177 hectares in area together with industrial premises (“the said Property") by another subsidiary of MUDA known as Kotak Malaysia (KOM) Sdn Bhd (Company No. 13817-H) (“Kotak”) from Hong Hwai Holdings Sdn Bhd (Company No. 645116-P) in accordance with the terms and conditions of the Sales and Purchase Agreement dated 29th January 2013; and

d. Approvals of such other relevant authorities as are necessary.

3.0 BASIS FOR DETERMINING THE PURCHASE CONSIDERATION FOR THE SALE SHARES

The purchase consideration of RM6,750,000.00 was arrived at on a “willing-buyer willing-seller” basis after taking into consideration the net tangible assets of KF PAPER as at 31st October 2012.

4.0 RATIONALE FOR THE PROPOSED ACQUISITION

The Proposed Acquisition will enable the MUDA Group to expand further into the corrugated carton industry and to increase consumption of the Group’s industrial grade paper .

5.0 EFFECTS OF THE PROPOSED ACQUISITION

i. Net Tangible Assets

Based on the audited balance sheet of MUDA as at 31st December 2011, the MUDA Group’s net tangible asset is not expected to be affected by the Proposed Acquisition as the value of the transaction is below 5% of the net tangible assets of the Muda Group.

ii. Earnings

The Proposed Acquisition is not expected to have any material effect on the earnings of the MUDA Group for the year ending 31st December 2013.

6.0 INFORMATION ON MPI

MPI was incorporated in Malaysia on 22nd February 1990 under the Companies Act, 1965. Its present authorised capital is RM100,000,000 comprising 100,000,000 ordinary shares of RM1.00 each in which forty eight million (48,000,000) ordinary shares have been issued and fully paid up. The principal activity of MPI is that of manufacture and sale of corrugated cartons and paper related products.

7.0 INFORMATION ON KF PAPER

KF PAPER was incorporated in Malaysia on 26th March 2008 under the Companies Act, 1965. Its present authorised capital is RM5,000,000 comprising 5,000,000 ordinary shares of RM1.00 each of which 2,000,000 ordinary shares have been issued and fully paid-up. The principle activities of KF PAPER is that of manufacture and retail of corrugated cartons and boards for commercial use. KFPP’s factory is located Lot 1-9, Jalan Usaha 2, Taman Perindustrian Merlimau, 77300 Merlimau, Melaka and its products are marketed in the central and southern region of West Malaysia.

8.0 DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS

None of the Directors nor substantial shareholders of MUDA nor persons connected to them have any interest, whether directly or indirectly, in the Proposed Acquisition.

This Announcement is dated 29th January 2013.


ORIENT - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management PLC and its subsidiaries

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameORIENTAL HOLDINGS BERHAD  
Stock Name ORIENT  
Date Announced29 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130129-2DEF6

Particulars of substantial Securities Holder

NameAberdeen Asset Management PLC and its subsidiaries
Address10 Queen's Terrace
Aberdeen, AB10 1YG
Scotland
NRIC/Passport No/Company No.82015
Nationality/Country of incorporationScotland
Descriptions (Class & nominal value)Ordinary stocks of RM1.00 each
Name & address of registered holderAberdeen Asset Management Asia Limited
21 Church Street, #01-01 Capital Square Two
Singapore 049480


Aberdeen Asset Management Sdn Bhd
Suite 1005, 10th Floor, Wisma Hamzah-Kwong Hing
No. 1 Leboh Ampang 50100 Kuala Lumpur

Aberdeen International Fund Managers Limited
Rm 2605-06, 26/F Alexandra House
18 Charter Road, Central, Hongkong

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/01/2013
32,800
 

Circumstances by reason of which change has occurreda) Acquisition of shares

b) An investment position taken in connection with:-
- Aberdeen Asset Management Asia limited's ordinary business in fund management.
- Aberdeen Asset Management Sdn Bhd's ordinary business in fund management.
- Aberdeen International Fund Managers Limited's ordinary business in fund management.

c) The registered holder listed above is 100% owned by the parent company, Aberdeen Asset Management PLC.
Nature of interestDirect Interest
Direct (units)58,424,120 
Direct (%)9.42 
Indirect/deemed interest (units)0 
Indirect/deemed interest (%)0 
Total no of securities after change58,424,120
Date of notice24/01/2013

Remarks :
This Notice was received on 29 January 2013.

ORIENT - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management Asia Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameORIENTAL HOLDINGS BERHAD  
Stock Name ORIENT  
Date Announced29 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130129-235D4

Particulars of substantial Securities Holder

NameAberdeen Asset Management Asia Limited
Address21 Church Street #01-01
Capital Square Two
Singapore 049480
NRIC/Passport No/Company No.199105448E
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary stocks of RM1.00 each
Name & address of registered holderBNP Paribas Securities Services

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/01/2013
11,600
 

Circumstances by reason of which change has occurreda) Acquisition of shares

b) An investment position taken in connection with Aberdeen Asset Management Asia Limited's ordinary business in fund management.
Nature of interestDirect interest
Direct (units)51,240,700 
Direct (%)8.26 
Indirect/deemed interest (units)0 
Indirect/deemed interest (%)0 
Total no of securities after change51,240,700
Date of notice24/01/2013

Remarks :
This notice was received on 29 January 2013.

Stocks: , , , , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)