January 2, 2013

Company announcements: OCTAGON, HAISAN, SMISCOR, SILVER, ASTINO, TOYOINK, KBB

OCTAGON - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameOCTAGON CONSOLIDATED BERHAD  
Stock Name OCTAGON  
Date Announced2 Jan 2013  
CategoryGeneral Announcement
Reference NoOC-130102-55419

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionMONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 (“PN 1”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

Further to the announcement made on 8 June 2012 in respect of the default in payment by Octagon Consolidated Berhad (“Octagon”) as well as announcements made on 3 February 2012 and 17 July 2012 made on the default by Advanced Pyrotech Sdn Bhd (“APT”), a subsidiary of Octagon, of its installment payment to Kuwait Finance House (Malaysia) Berhad (“KFH”) and the subsequent monthly announcements on 2 July 2012, 1 August 2012, 3 September 2012, 1 October 2012,1 November 2012 and 3 December 2012, the Board of Directors of Octagon wishes to announce that the financial lenders have considered the Proposed Rationalisation Scheme (“PRS”), and are still in discussion with Octagon to finalise the scheme.

 

Octagon will announce further developments on the above matter as and when necessary.

 

 

This announcement is dated 2 January 2013.  



OCTAGON - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameOCTAGON CONSOLIDATED BERHAD  
Stock Name OCTAGON  
Date Announced2 Jan 2013  
CategoryGeneral Announcement
Reference NoOC-130102-55540

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionMONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY’S REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 (“PN 17”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

Further to the First Announcement on 8 June 2012 and the subsequent monthly announcements on 2 July 2012, 1 August 2012, 3 September 2012, 1 October 2012, 1 November 2012 and 3 December 2012, the Board of Directors of Octagon Consolidated Berhad (“Octagon”) wishes to update that the financial lenders have considered the Proposed Rationalisation Scheme (“PRS”), and are still in discussion with Octagon to finalise the scheme. Octagon will announce further developments on the above matter as and when necessary.

 

Premised on the First Announcement, the last day for submission of the Regularisation Plan by Octagon to the relevant authorities would be by 8 June 2013, which is approximately 5 months from the date hereof.

 



This announcement is dated 2 January 2013.


HAISAN - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced2 Jan 2013  
CategoryGeneral Announcement
Reference NoHR-121231-55088

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionHAISAN RESOURCES BERHAD (“HAISAN” OR “THE COMPANY”)
- MONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 (“PN 1”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

Further to the Company’s monthly announcement dated 3 December 2012 pursuant to PN 1 of the Main Market Listing Requirement of Bursa Securities, the Board of Directors of HAISAN wishes to inform that with the assistance of Corporate Debt Restructuring Committee (“CDRC”), the Company had received 100% approval from the secured lenders and 93% approval from the unsecured lenders respectively for its Proposed Alternative Settlement Scheme, as informed by CDRC via its letter dated 21 December 2012. Haisan is required to execute the Debt Restructuring Agreement (“DRA”) with both the secured and unsecured lenders within 30 days from the date of the letter.

The Company, with the assistance of the Company’s principal adviser, Public Investment Bank Berhad, is currently in the midst of preparing for the submission of its revised Proposed Regularisation Plan to Bursa Securities for approval.

The Company will announce further developments on the above matter as and when necessary.

This announcement is dated 2 January 2013.


HAISAN - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced2 Jan 2013  
CategoryGeneral Announcement
Reference NoHR-121231-54931

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionHAISAN RESOURCES BERHAD (“HAISAN” OR “THE COMPANY”)
- MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

Further to the Company’s monthly announcement dated 3 December 2012 on the status of the Company’s regularisation plan pursuant to PN17 of the Main Market Listing Requirements of Bursa Securities, the Board of Directors of HAISAN wishes to inform that with the assistance of Corporate Debt Restructuring Committee (“CDRC”), the Company had received 100% approval from the secured lenders and 93% approval from the unsecured lenders respectively for its Proposed Alternative Settlement Scheme, as informed by CDRC via its letter dated 21 December 2012. Haisan is required to execute the Debt Restructuring Agreement (“DRA”) with both the secured and unsecured lenders within 30 days from the date of the letter.

Furthermore, as announced by the Company’s adviser, Public Investment Bank Berhad (“PIVB”), on 28 December 2012, that all the resolutions in relation to the disposals by the Company’s subsidiaries of seven (7) parcels of contiguous land together with the buildings, as well as the equipment attached to the buildings (collectively referred to as “Port Klang Properties”) for cash consideration of RM28.05 million and RM6.95 million respectively, and the subsequent lease by the Company’s subsidiary of the Port Klang Properties, were duly passed by the Company’s shareholders at an extraordinary general meeting held on 28 December 2012. As agreed under the Proposed Alternative Settlement Scheme, the Company will utilise RM34.0 million out of total cash consideration of the disposals of Port Klang Properties of RM35.0 million as the full and final settlement for the debt owing to the entitled secured lenders, who are the chargees of the Port Klang Properties.

The Company, with the assistance of PIVB, is currently in the midst of preparing for the submission of its revised Proposed Regularisation Plan to Bursa Securities for approval.

The Company will announce further developments on the above matter as and when necessary.

This announcement is dated 2 January 2013.


SMISCOR - Changes in Sub. S-hldr's Int. (29B) - Mohd Riani Bin Osman

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSMIS CORPORATION BERHAD  
Stock Name SMISCOR  
Date Announced2 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130102-53304

Particulars of substantial Securities Holder

NameMohd Riani Bin Osman
Address5 Jalan Istana 12/4,
Bukit Kayangan,
40000 Shah Alam,
Selangor Darul Ehsan
NRIC/Passport No/Company No.520206-02-5019
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderMohd Riani Bin Osman
5 Jalan Istana 12/4,
Bukit Kayangan,
40000 Shah Alam,
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired28/12/2012
15,200
 

Circumstances by reason of which change has occurredAcquired
Nature of interestDirect
Direct (units)2,428,536 
Direct (%)5.7521 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change2,428,536
Date of notice28/12/2012

Remarks :
The percentage of direct interest excludes 2,580,100 Ordinary Shares of RM1.00 each bought back by the Company and retained as treasury shares.

The Form 29B was received by the Company on 2 January 2013.


SILVER - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameSILVER BIRD GROUP BERHAD  
Stock Name SILVER  
Date Announced2 Jan 2013  
CategoryGeneral Announcement
Reference NoMI-130102-42677

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionSILVER BIRD GROUP BERHAD (“SBGB” OR “COMPANY”)

Monthly Update on the status of the Company’s plan to comply with the obligation to regularise its condition pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“PN 17”)

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those announced on 6 September 2012.

 

We refer to the announcements made by the Company on 29 February 2012, 2 April 2012, 2 May 2012, 1 June 2012, 2 July 2012 and 1 August 2012. 

 

Reference is also made to the Requisite Announcement and announcement by KAF IB, on behalf of the Board on 6 September 2012 and 3 December 2012 respectively, in relation to the Proposed Regularisation Plan and the monthly announcements made by KAF IB on behalf of the Company on 1 October 2012, 1 November 2012 and 3 December 2012.

 

On behalf of the Board, KAF IB wishes to announce that there are no major developments subsequent to the announcement on 6 September 2012 and 3 December 2012 in relation to the Proposed Regularisation Plan. The Company has until 28 February 2013 to submit the Proposed Regularisation Plan to the relevant authorities for approval.

 

This announcement is dated 2 January 2013.

 

 



ASTINO - Quarterly rpt on consolidated results for the financial period ended 31/10/2012 (Amended Announcement)

Announcement Type: Financial Results
Company NameASTINO BERHAD  
Stock Name ASTINO  
Date Announced2 Jan 2013  
CategoryFinancial Results
Reference NoCC-130102-D4879

Financial Year End31/07/2013
Quarter1
Quarterly report for the financial period ended31/10/2012
The figureshave not been audited

Remarks :
This amended announcement superseded the announcement released on 3 December 2012 as there was a typo-error on the financial year end. The financial year end should be 31 July 2013 instead of 31 July 2012.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/10/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/10/2012
31/10/2011
31/10/2012
31/10/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
119,860
103,939
119,860
103,939
2Profit/(loss) before tax
8,855
6,814
8,855
6,814
3Profit/(loss) for the period
7,342
5,509
7,342
5,509
4Profit/(loss) attributable to ordinary equity holders of the parent
7,342
5,509
7,342
5,509
5Basic earnings/(loss) per share (Subunit)
5.54
4.27
5.54
4.27
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


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 ($$)
1.6400
1.5900
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


TOYOINK - Important Relevant Dates for Renounceable Rights

Announcement Type: Important Relevant Dates for Renounceable Rights
Company NameTOYO INK GROUP BERHAD  
Stock Name TOYOINK  
Date Announced2 Jan 2013  
CategoryImportant Relevant Dates for Renounceable Rights
Reference NoOI-130102-56842

Title / DescriptionTOYO INK GROUP BERHAD (“TIGB” OR “THE COMPANY”)

(I) RENOUNCEABLE RIGHTS ISSUE OF UP TO 42,800,000 NEW ORDINARY SHARES OF RM1.00 EACH IN TIGB (“RIGHTS SHARE(S)”) TOGETHER WITH UP TO 42,800,000 FREE NEW DETACHABLE WARRANTS (“WARRANT(S)”) AT AN ISSUE PRICE OF RM1.20 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE TOGETHER WITH ONE (1) WARRANT FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH HELD IN TIGB (“TIGB SHARE(S)”) AT 5.00 P.M. ON 16 JANUARY 2013 PAYABLE IN FULL UPON ACCEPTANCE BASED ON A MINIMUM SUBSCRIPTION OF 20,410,558 RIGHTS SHARES (“RIGHTS ISSUE WITH WARRANTS”); AND

(II) BONUS ISSUE OF UP TO 21,400,000 TIGB SHARES TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) NEW TIGB SHARE FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED BY THE EXISTING SHAREHOLDERS OF TIGB AND/OR THEIR RENOUNCEE(S) PURSUANT TO THE RIGHTS ISSUE WITH WARRANTS (“BONUS ISSUE”)
Despatch Date18/01/2013
Date for commencement of trading of the rights17/01/2013
Date for despatch of abridged prospectus and subscription forms18/01/2013
Date for cessation of trading of the rights25/01/2013
Date for announcement of final subscription result and basis of allotment of excess Rights Securities08/02/2013
Listing date of the Rights Securities20/02/2013

Last date and time forDateTime
Sale of provisional allotment of rights23/01/2013
at
05:00:00 PM
Transfer of provisional allotment of rights30/01/2013
at
04:00:00 PM
Acceptance and payment05/02/2013
at
05:00:00 PM
Excess share application and payment05/02/2013
at
05:00:00 PM

Rights Securities will be listed and quoted as the existing securities of the same class:
Yes 
Other important dates as the listed issuer may deem appropriate:
 

Remarks :
The last date and time for acceptance and payment as well as excess share application and payment are as above, or such later date and time as the Board of Directors of Toyo Ink Group Berhad may determine and announce not less than two (2) market days prior to the stipulated date and time.

The date of listing and quotation of the Rights Shares, Warrants and Bonus Shares to be issued pursuant to the Rights Issue with Warrants and Bonus Issue, on the Main Market of Bursa Malaysia Securities Berhad will be on 20 February 2013.

This announcement is dated 2 January 2013.


TOYOINK - Rights Issue

Announcement Type: Entitlements (Notice of Book Closure)
Company NameTOYO INK GROUP BERHAD  
Stock Name TOYOINK  
Date Announced2 Jan 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoOI-130102-57208

EX-date14/01/2013
Entitlement date16/01/2013
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement description(i) Renounceable rights issue of up to 42,800,000 new ordinary shares of RM1.00 each in Toyo Ink Group Berhad (“TIGB”) (“Rights Share(s)”) together with up to 42,800,000 free new detachable warrants (“Warrant(s)”) at an issue price of RM1.20 per Rights Share on the basis of one (1) Rights Share together with one (1) Warrant for every one (1) existing ordinary share of RM1.00 each held in TIGB (“TIGB Share(s)”) at 5.00 p.m. on 16 January 2013 payable in full upon acceptance based on a minimum subscription of 20,410,558 Rights Shares (“Rights Issue with Warrants”); and

(ii) Bonus issue of up to 21,400,000 TIGB Shares to be credited as fully paid-up on the basis of one (1) new TIGB Share for every two (2) Rights Shares subscribed by the existing shareholders of TIGB and/or their renouncee(s) pursuant to the Rights Issue with Warrants (“Bonus Issue”)
Period of interest payment to
Financial Year End
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noInsurban Corporate Services Sdn Bhd
149, Jalan Aminuddin Baki
Taman Tun Dr. Ismail
60000 Kuala Lumpur

Tel : 603-7729 5529
Fax : 603-7728 5948
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers16/01/2013 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorRatio
Ratio 1 : 1
Rights Issues/Offer Price 1.2

Remarks :
The Abridged Prospectus, together with the Notice of Provisional Allotment ("NPA") and the Rights Subscription Form ("RSF"), will only be despatched to the shareholders of TIGB whose names appear on the Record of Depositors at 5.00 p.m. on 16 January 2013 ("Entitled Shareholders") at their address in Malaysia or who have provided the share registrar with an address in Malaysia in writing by 5.00 p.m. on 16 January 2013.

The Abridged Prospectus, together with the NPA and RSF, will not be despatched to the foreign Entitled Shareholders who have not provided an address in Malaysia. Foreign Entitled Shareholders who are without an address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address by 5.00 p.m. on 16 January 2013.

The aforementioned documents will be despatched to the Entitled Shareholders not later than two (2) market days from the Entitlement Date.

The Entitled Shareholders and/ or their renouncee(s) (if applicable) who subscribe for the Rights Shares with Warrants shall be entitled to the Bonus Issue on the basis of one (1) new TIGB Share for every two (2) Rights Shares subscribed for.

This announcement is dated 2 January 2013.


KBB - Changes in Sub. S-hldr's Int. (29B) - Datin Sri Harumi Takizawa

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKBB RESOURCES BERHAD  
Stock Name KBB  
Date Announced2 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130102-467CB

Particulars of substantial Securities Holder

NameDatin Sri Harumi Takizawa
AddressNo. 5 Medan Bayan Indah 11900 Bayan Lepas, Penang
NRIC/Passport No/Company No.TZ 0685570
Nationality/Country of incorporationJapanese
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1) Datin Sri Harumi Takizawa of No. 5 Medan Bayan Indah, 11900 Bayan Lepas, Penang
2) Dato' Sri Navaneethakrishner A/L Kathirgamatamby of No. 5 Medan Bayan Indah, 11900 Bayan Lepas, Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/12/2012
2,476,000
 

Circumstances by reason of which change has occurredOpen market disposals
Nature of interestDirect
Direct (units)4,355,400 
Direct (%)3.63 
Indirect/deemed interest (units)5,900,000 
Indirect/deemed interest (%)4.92 
Total no of securities after change10,255,400
Date of notice02/01/2013


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