March 5, 2013

Company announcements: AEON, SUBUR, YUNKONG, GTRONIC, BGYEAR, CBIP, TIGER, ANALABS

AEON - 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 NameAEON CO. (M) BHD  
Stock Name AEON  
Date Announced5 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130305-8AD23

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 holder(i) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Level 42, Menara Citibank
165, Jalan Ampang
50450 Kuala Lumpur

(ii) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA)
Level 42, Menara Citibank
165, Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/02/2013
59,800
 
Disposed28/02/2013
23,600
 

Circumstances by reason of which change has occurred(i) & (ii) Disposal
Nature of interestDirect
Direct (units)36,578,900 
Direct (%)10.4213 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change36,578,900
Date of notice01/03/2013

Remarks :
The total number of 36,578,900 Ordinary Shares of RM1.00 each are held as follows:

1) 24,694,100 Ordinary Shares of RM1.00 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
2) 500,000 Ordinary Shares of RM1.00 each are registered in the name of Employees Provident Fund Board
3) 4,763,200 Ordinary Shares of RM1.00 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA)
4) 2,156,700 Ordinary Shares of RM1.00 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (CIMB PRI)
5) 64,900 Ordinary Shares of RM1.00 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON)
6) 4,400,000 Ordinary Shares of RM1.00 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN)

The Form 29B was received by the Company on 5 March 2013.


SUBUR - OTHERS ACQUISITION OF A NEW SUBSIDIARY

Announcement Type: General Announcement
Company NameSUBUR TIASA HOLDINGS BERHAD  
Stock Name SUBUR  
Date Announced5 Mar 2013  
CategoryGeneral Announcement
Reference NoCC-130201-38B95

TypeAnnouncement
SubjectOTHERS
DescriptionACQUISITION OF A NEW SUBSIDIARY
Subur Tiasa Holdings Berhad ("the Company") wishes to announce that the Company has on 5 March 2013 acquired two (2) ordinary shares of RM1.00 each in the share capital of Momawater Sdn. Bhd. ("MWTSB"), at a total cash consideration of RM2.00. Subsequent to the acquisition of the said shares, MWTSB became a 100% owned subsidiary of the Company. MWTSB is currently a dormant company and its intended principal activity is manufacturing and trading of drinking water.


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

Announcement Type: General Announcement
Company NameYUNG KONG GALVANISING INDUSTRIES BHD  
Stock Name YUNKONG  
Date Announced5 Mar 2013  
CategoryGeneral Announcement
Reference NoCC-130305-D67AF

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionRELATED PARTY TRANSACTION – ACQUISITION OF LANDS
Introduction
Yung Kong Galvanising Industries Berhad (“YKGI” or “the Company”) wishes to announce that its wholly-owned subsidiary, Integrated Coil Coating Industries Sdn Bhd (“ICCI”) had on 5 March 2013 entered into a Sale & Purchase Agreement (“SPA”) with Mr. Khor Tack Lee and Mr. Khor Teck Tun of Lot 1709, Kampung Chekok 17060 Pasir Mas, Kelantan (“the Vendors”) for the acquisition of the following two (2) pieces of development land (“the Lands”) together with a 1 storey factory building and a single-storey factory building, for a total purchase price of Ringgit Malaysia Three Million One Hundred Ninety Five Thousand (RM3,195,000.00) [“Acquisition”]:

(i)Title No.:H.S.(D) 3074
Lot No.:PT 776
Area:1.1853 Hectare
(ii)Title No.:H.S.(D) 3075
Lot No.:PT 777
Area:1.1803 Hectare

all in the Mukim of Jabo, District of Jajahan Pasir Mas, Kelantan.

(1) Information on ICCI and the Vendors

ICCI was incorporated on 13 January 2000 and has its registered office at Lot 712, Block 7, Demak Laut Industrial Park, 93050 Kuching, Sarawak. Currently, the business activities carried out by ICCI are manufacture, sale and installation of metal roofing and related products, PVC pipes and wire mesh.
      The Vendors, Mr. Khor Teck Tun and Mr. Khor Tack Lee are the Directors of ICCI while Mr. Khor Tack Lee is the brother of Mr. Khor Teck Tun.

(2) Basis of purchase price and information on the Lands

      The purchase price of RM3,195,000.00 (“Purchase Price”) was arrived at on a willing buyer willing seller basis after taking into consideration the indicative market value of the surrounding lands and the valuation on the said Lands conducted by Azami & Co Sdn Bhd on 12 December 2012 with a market value of RM3,195,000 by using comparison method of valuation.

      The said Lands are free from all encumbrances, except for the encumbrances charged to Bank Perusahaan Kecil Dan Sederhana Malaysia Berhad.

      The age of the 1 storey factory building is thirteen (13) years. The lettable area is 12,000 sq. ft. The percentage of occupancy is 100%.
      The age of the single-storey factory building building is two (2) years. The lettable area is 12,000 sq. ft. The percentage of occupancy is 100%.

Both the above buildings are currently used as factory and office by ICCI, and will continue to be used as factory and office upon Acquisition.

(3) Effect of the Acquisition

The Acquisition is not expected to have a material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of the Company.

(4) Particulars of all liabilities including contingent liabilities and guarantees to be assumed by ICCI, arising from the Acquisition

There is no liability to be assumed by ICCI, arising from the Acquisition.

(5) The nature and extent of the interests of the directors and/or major shareholders

Mr. Khor Teck Tun and Mr. Khor Tack Lee are the Directors of ICCI.

Saved for the above, none of the Directors and/or major shareholders of YKGI and/or persons connected with them have any interest, direct or indirect, in the Acquisition.

(6) Whether the Acquisition is subject to the approval of shareholders and the relevant government authorities and the estimated time frame for submission of the application to the relevant authorities

The Acquisition is not subject to the approval of the shareholders and the relevant government authorities.

(7) Source of Funds
      The Purchase Price will be satisfied entirely by cash via bank borrowings and internally generated funds. The funding will be decided by the management at a later stage where the management will choose the most optimum mix taking into consideration of its gearing level, interest costs as well as internal cash requirements for YKGI Group business.

(8) Prospects and risk factors
      YKGI is of the view that the prospects of the Acquisition is positive and manageable. YKGI does not envisage any specific risk to be associated with the Acquisition.

(9) Rationale for Acquisition including any benefit which is expected to accrue to YKGI Group as a result of Acquisition

ICCI acquired the Lands for the purposes of expanding its metal roofing business. With the Acquisition, there will be further cost saving arising from the monthly rental paid.

(10) The salient features of the Acquisition, if any, and the time and place where the documents may be inspected
      The Acquisition is subject to the terms and conditions of the SPA and the Purchase Price shall be paid by ICCI in the following manner:

      (a) RM319,500, being 10% deposit of the Acquisition paid to the Vendors on 29 November 2012;
        (b) RM958,500, being 30% of the PP paid to the Vendors upon the signing of the SPA;

        (c) the balance of the Purchase Price in the sum of RM1,917,000 shall be paid to the Vendors within three (3) months from the date of the SPA (“Completion Date”). Notwithstanding the aforesaid, the Vendors shall grant to ICCI an extension of two (2) months from the Completion Date (hereinafter referred to as “the Extended Completion Date”) to pay the balance of the Purchase Price in which event ICCI shall pay to the Vendors interest on the balance of the Purchase Price or amount still due to the Vendors, as the case may be, at rate of 8% per annum on daily basis, calculated on a daily basis from the expiry of the Completion Date to the actual payment, such interest to be tendered together with the balance of the Purchase Price or the amount still due, on or before the Extended Completion Date.

        (d) The Vendors shall simultaneously with the execution of the SPA, execute or caused to be executed a valid and registrable memorandum of transfer in respect of the said Lands in favour of ICCI and deposit the same with the Solicitor together with the current quit rent and assessment receipts and all other documents necessary for the purpose of submitting the transfer for adjudication of stamp duty only.

        (e) Upon the execution of the SPA, the Vendors shall deposit with the Solicitor the Original Issue Document of Title (unless the same is currently charged) of the said Lands as stakeholder in safe custody pending the completion of the Sale and Purchase.

        (f) Upon the execution of the SPA the Vendors will not sell, transfer, charge, lease, agree to let or part with possession of the said Lands or any part thereof during the continuance of the SPA.

        (g) The solicitors upon receipt of the balance of the Purchase Price, or in a case where ICCI have obtained a loan, upon receipt of the differential sum between the balance of the Purchase Price and the loan and a satisfactory undertakings from ICCI’s end financier or its solicitors to release the loan sum to the Vendors upon presentation of the transfer in favour of ICCI for registration at the relevant Land Registry, irrevocably authorised by the Vendors to release to ICCI’s solicitors to present the Memorandum of Transfer to the relevant Land Registry for registration. In a case where ICCI has obtained a loan, the Vendors agrees to the following:

          (i) to furnish to ICCI’s bank an undertaking to refund to ICCI’s bank the loan sum released in the event the transfer in favour of ICCI cannot be registered for whatsoever reasons thereby resulting in the non registration of the charge in favour of ICCI’s bank; and
          (ii) ICCI’s end financier or its solicitors shall be authorised to release the balance of the Purchase Price to solicitor within seven (7) working days from the date of presentation of the Memorandum of Transfer for registration at the appropriate Land Registry.

        The SPA, valuation report and all others relevant documents in connection therewith are available for inspection at the registered office of YKGI at Lot 712, Block 7, Demak Laut Industrial Park, 93050 Kuching, Sarawak from Mondays to Fridays (except public holidays) during normal business hours, for a period of three (3) months from the date of this announcement.

    (11) The date on which the terms of the Acquisition was agreed upon

    The terms of the Acquisition was agreed upon on 5 March 2013.

    (12) Statement by the Board of Directors and the Audit Committee
        Having considered the rationale and all other aspects of the Acquisition and based on the valuation report prepared by Azami & Co Sdn Bhd, the Board of Directors of YKGI and the Audit Committee of YKGI were of the opinion that the Acquisition is in the best interest of the YKGI Group and the terms of the Acquisition is fair, reasonable and on normal commercial terms and hence not detrimental to the interest of the minority shareholders.

    (13) Estimated timeframe for completion of the Acquisition

    Barring any unforeseen circumstances, the Acquisition is expected to be completed by June 2013.

    (14) Highest percentage ratio of the Acquisition

        The highest percentage ratio applicable to the Acquisition pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements is 2.12%.

    (15) Total amount transacted with the Vendors for the preceding twelve (12) months

    The total amount transacted with the Vendors for the preceding 12 months is RM108,000.

    This announcement is dated 5 March 2013.


    GTRONIC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

    Announcement Type: General Announcement
    Company NameGLOBETRONICS TECHNOLOGY BERHAD  
    Stock Name GTRONIC  
    Date Announced5 Mar 2013  
    CategoryGeneral Announcement
    Reference NoCC-130305-8A01C

    TypeAnnouncement
    SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
    DEALINGS OUTSIDE CLOSED PERIOD
    DescriptionNotification of dealings by Principal Officers in the securities of Globetronics Technology Bhd ("GTB" or "the Company") outside closed period.
    Pursuant to paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Choong Lai Kwan and Wong Boon Hooi, Principal Officers of GTB had transacted dealings in the securities of GTB as set out in the Tables below :
    Name of Principal Officer : Choong Lai Kwan

    Exercised of ESOS
    Date of
    exercise
    pursuant to
    ESOS
    No. of shares exercised
    % of shares exercised
    Exercise Price
    (RM per share)
    Total no. of
    shares held
    after change
    % of shares
    held after
    change
    05.03.2013
    31,600
    0.01
    1.46
    208,400
    0.08
    05.03.2013
    900
    negligible
    1.09
    209,300
    0.08


    Name of Principal Officer : Wong Boon Hooi


    Exercised of ESOS
    Date of
    exercise
    pursuant to
    ESOS
    No. of shares exercised
    % of shares exercised
    Exercise Price
    (RM per share)
    Total no. of
    shares held
    after change
    % of shares
    held after
    change
    05.03.2013
    33,000
    0.01
    0.90
    33,000
    0.01
    05.03.2013
    36,900
    0.01
    1.09
    69,900
    0.03


    This announcement is dated 05 March 2013.


    BGYEAR - MATERIAL LITIGATION

    Announcement Type: General Announcement
    Company NameBINA GOODYEAR BERHAD  
    Stock Name BGYEAR  
    Date Announced5 Mar 2013  
    CategoryGeneral Announcement
    Reference NoCM-130305-44396

    TypeAnnouncement
    SubjectMATERIAL LITIGATION
    DescriptionBina Goodyear Berhad (“BGB” or "the Company")
    Winding-up petition presented by Federal Furniture Industries Sdn Bhd
    - High Court of Malaya at Shah Alam Winding up Petition No. 28-446-10/2012

    We refer to the announcements made by the Company on 30 November 2012 and 31 January 2013.

    The Board wishes to announce that Federal Furniture Industries Sdn Bhd’s winding up petition against the Company has been struck off by the High Court on 4 March 2013.

    This announcement is dated 5 March 2013.



    CBIP - Notice of Shares Buy Back - Immediate Announcement

    Announcement Type: Notice of Shares Buy Back - Immediate Announcement
    Company NameCB INDUSTRIAL PRODUCT HOLDING BERHAD  
    Stock Name CBIP  
    Date Announced5 Mar 2013  
    CategoryNotice of Shares Buy Back - Immediate Announcement
    Reference NoCI-130305-2BB06

    Date of buy back05/03/2013
    Description of shares purchasedORDINARY SHARES OF RM0.50 EACH
    CurrencyMalaysian Ringgit (MYR)
    Total number of shares purchased (units)820,000
    Minimum price paid for each share purchased ($$)2.510
    Maximum price paid for each share purchased ($$)2.520
    Total consideration paid ($$)2,072,415.82
    Number of shares purchased retained in treasury (units)820,000
    Number of shares purchased which are proposed to be cancelled (units)0
    Cumulative net outstanding treasury shares as at to-date (units)4,748,527
    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 (%)1.78


    TIGER - Changes in Director's Interest (S135) - Dato' Tan Wei Lian

    Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Company NameTIGER SYNERGY BERHAD  
    Stock Name TIGER  
    Date Announced5 Mar 2013  
    CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Reference NoCK-130305-B9497

    Information Compiled By KLSE

    Particulars of Director

    NameDato' Tan Wei Lian
    Address5084, Jalan Kilat, 70200 Seremban, N.S.D.K
    Descriptions(Class & nominal value)Ordinary shares of RM0.20 each

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transaction
    Date of change
    No of securities
    Price Transacted (RM)
    Acquired
    01/03/2013
    4,000,000
    0.235 
    Acquired
    01/03/2013
    980,000
    0.240 

    Circumstances by reason of which change has occurredDeemed interest by virtue that his sister, Tan Li Li
    acquired 4,980,000 shares in open market.
    Nature of interestIndirect
    Consideration (if any) 

    Total no of securities after change

    Direct (units)39,184,400 
    Direct (%)10.75 
    Indirect/deemed interest (units)16,241,000 
    Indirect/deemed interest (%)4.46 
    Date of notice05/03/2013

    Remarks :
    This announcement served as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing of securities outside closed period. The above acqusition of 4,980,000 ordinary shares by Tan Li Li, sister of Dato' Tan Wei Lian in the open market represent 1.3663% of the total issued ordinary shares of the Company.


    TIGER - Changes in Sub. S-hldr's Int. (29B) - Dato' Tan Wei Lian

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NameTIGER SYNERGY BERHAD  
    Stock Name TIGER  
    Date Announced5 Mar 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCK-130305-B8A1B

    Particulars of substantial Securities Holder

    NameDato' Tan Wei Lian
    Address5084 Jalan Kilat, 70200 Seremban, N.S.D.K
    NRIC/Passport No/Company No.681028-05-5561
    Nationality/Country of incorporationMalaysian
    Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
    Name & address of registered holderTan Li Li
    5084 Jalan Kilat, 70200 Seremban, N.S.D.K.

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired01/03/2013
    4,000,000
    0.235 
    Acquired01/03/2013
    980,000
    0.240 

    Circumstances by reason of which change has occurredDeemed interest by virtue that his sister Tan Li Li
    acquired 4,980,000 shares in open market.
    Nature of interestIndirect
    Direct (units)39,184,400 
    Direct (%)10.75 
    Indirect/deemed interest (units)16,241,000 
    Indirect/deemed interest (%)4.46 
    Total no of securities after change55,425,400
    Date of notice05/03/2013


    TIGER - Changes in Director's Interest (S135) - Tan Lee Chin

    Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Company NameTIGER SYNERGY BERHAD  
    Stock Name TIGER  
    Date Announced5 Mar 2013  
    CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Reference NoCK-130305-C166E

    Information Compiled By KLSE

    Particulars of Director

    NameTan Lee Chin
    Address5084 Jalan Kilat, 70200 Seremban, N.S.D.K.
    Descriptions(Class & nominal value)Ordinary shares of RM0.20 each

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transaction
    Date of change
    No of securities
    Price Transacted (RM)
    Acquired
    01/03/2013
    4,000,000
    0.235 
    Acquired
    01/03/2013
    980,000
    0.240 

    Circumstances by reason of which change has occurredDeemed interested in the above transaction by virtue that her
    sister Tan Li Li acquistion 4,980,000 ordinary shares in the open
    market.
    Nature of interestIndirect
    Consideration (if any) 

    Total no of securities after change

    Direct (units)8,801,000 
    Direct (%)2.42 
    Indirect/deemed interest (units)44,164,400 
    Indirect/deemed interest (%)12.117 
    Date of notice05/03/2013

    Remarks :
    This announcement served as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing of securities outside closed period. The above acquisition of 4,980,000 ordinary shares by Tan Li Li, sister of Tan Lee Chin in the open market represent 1.3663% of the total issued ordinary shares of the Company


    ANALABS - Notice of Shares Buy Back by a Company pursuant to Form 28A

    Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
    Company NameANALABS RESOURCES BERHAD  
    Stock Name ANALABS  
    Date Announced5 Mar 2013  
    CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
    Reference NoCP-130305-62018

    Date of buy back from25/02/2013
    Date of buy back to25/02/2013
    CurrencyMalaysian Ringgit (MYR)
    Total number of shares purchased (units)553,100
    Minimum price paid for each share purchased ($$)1.510
    Maximum price paid for each share purchased ($$)1.550
    Total amount paid for shares purchased ($$)854,961.44
    The name of the stock exchange through which the shares were purchased BURSA MALAYSIA SECURITIES BERHAD
    Number of shares purchased retained in treasury (units)553,100
    Total number of shares retained in treasury (units)2,414,100
    Number of shares purchased which were cancelled (units)0
    Total issued capital as diminished0
    Date lodged with registrar of companies05/03/2013
    Lodged by CORPORATE PARTNERS (ASIA) SDN. BHD.


    No comments:

    Post a Comment