March 20, 2013

Company announcements: BOILERM, CIMBA40, CIMBC25, PUNCAK, AXIATA, THHEAVY, FARMBES

BOILERM - OTHERS BOILERMECH HOLDINGS BERHAD ("BOILERMECH" OR THE "COMPANY") INCORPORATION OF NEW SUBSIDIARY, PT BOILERMECH

Announcement Type: General Announcement
Company NameBOILERMECH HOLDINGS BERHAD (ACE Market) 
Stock Name BOILERM  
Date Announced20 Mar 2013  
CategoryGeneral Announcement
Reference NoCK-130320-68441

Admission SponsorOSK Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionBOILERMECH HOLDINGS BERHAD ("BOILERMECH" OR THE "COMPANY")
INCORPORATION OF NEW SUBSIDIARY, PT BOILERMECH

The Board of Directors of Boilermech ("Board") is pleased to announce that the Company has incorporated a private company limited by shares in Indonesia known as PT Boilermech. The proposed issued and paid-up share capital of PT Boilermech is USD300,000 (which is equivalent to Rp 2,918,700,000 for illustration purposes).

PT Boilermech is presently a dormant company. The intended principal activity of PT Boilermech is distribution of boiler auxillary equipment, parts and components, spare parts and the provision of after sales services.

None of the Directors and/or major shareholders of Boilermech or persons connected to them have any interests, direct or indirect, in the new incorporation.

This announcement is dated 20 March 2013.



CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced20 Mar 2013  
CategoryGeneral Announcement
Reference NoOB-130320-70926

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 20-Mar-2013
IOPV per unit (RM): 1.7154
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 11,364.14

Attachments

Asean40.pdf
10 KB



CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced20 Mar 2013  
CategoryGeneral Announcement
Reference NoOB-130320-70859

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 20-Mar-2013
IOPV per unit (RM): 0.9187
Units in circulation (units): 33,150,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 16,451.90

Attachments

China25.pdf
25 KB



PUNCAK - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NamePUNCAK NIAGA HOLDINGS BERHAD  
Stock Name PUNCAK  
Date Announced20 Mar 2013  
CategoryGeneral Announcement
Reference NoPN-130320-397DE

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionPUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
KUALA LUMPUR HIGH COURT WRIT SUMMONS NO: 22NCC-543-2011 KONSORTIUM ABASS SDN BHD ("KONSORTIUM ABASS") VS SYARIKAT BEKALAN AIR SELANGOR SDN BHD ("SYABAS")(THE "SUIT")

Reference is made to the Company's earlier announcements dated 29 March 2011, 31 March 2011, 5 April 2011, 12 April 2011, 9 May 2011, 30 May 2011, 7 July 2011, 29 July 2011, 26 August 2011, 26 September 2011, 5 October 2011, 21 October 2011, 31 October 2011, 3 November 2011, 11 November 2011, 17 November 2011, 21 November 2011, 23 November 2011, 30 November 2011, 8 December 2011, 14 December 2011, 5 January 2012, 13 January 2012, 20 January 2012, 3 February 2012, 13 February 2012, 14 February 2012, 5 March 2012, 6 March 2012, 15 March 2012, 16 March 2012, 19 March 2012, 20 April 2012, 28 June 2012, 3 July 2012, 31 July 2012, 8 August 2012, 10 August 2012, 3 September 2012, 5 September 2012, 2 October 2012, 8 November 2012, 30 November 2012, 4 January 2013 and 13 March 2013 in relation to the Suit.

The Company would like to update the Exchange that the matters at the Kuala Lumpur High Court today was fixed for the following:-

i) hearing of SYABAS' application to strike out the Plaintiff's claim;

ii) the Plaintiff's application to stay proceedings and to strike out SYABAS' application to strike out the Plaintiff's claim and SYABAS Defence and counterclaim;

iii) case management of the main action; and

iv) case management on the Plaintiff's application for Interim Payment.


The Kuala Lumpur High Court had adjourned the proceedings to 29 March 2013 for case management to enable the parties to exhaust their affidavits and to revert to the Kuala Lumpur High Court if the parties are proceeding with the applications. This is pursuant to the Plaintiff serving their application to stay proceedings and to strike out SYABAS' application to strike out the Plaintiff's claim and SYABAS Defence and counterclaim on 19 March 2013 following which SYABAS had on 20 March 2013 filed their affidavit in reply.

This announcement is dated 20 March 2013.



AXIATA - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):ESOS

Announcement Type: General Announcement
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced20 Mar 2013  
CategoryGeneral Announcement
Reference NoAG-130320-783CB

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
DescriptionPERFORMANCE-BASED EMPLOYEE SHARE OPTION SCHEME AND SHARE SCHEME (“AXIATA SHARE SCHEME”)
We are pleased to announce that Axiata had today (“Date of Offer”) offered 28,910,600 ordinary shares of RM1.00 each in Axiata (“Axiata Shares”) under the Axiata Share Scheme to the eligible employees and Executive Directors (“Eligible Employees”) of the Axiata Group of Companies (“Axiata Group”) (“Restricted Share Offer”).

Details of the Restricted Share Offer are as follows:-
  • Exercise Price of Axiata Shares
Not applicable as the Axiata Shares will be issued upon vesting to the Eligible Employees without any consideration.
  • Market Price of Axiata Shares
Closing Price of Axiata Shares on Date of Offer : RM6.33
  • Vesting Period
The rights offered under the Restricted Share Offer are expected to vest over a 2-3 years period from the acceptance date of the Restricted Share Offer, subject to the Eligible Employees meeting their individual performance targets, the Axiata Group meeting certain financial targets and/or the market price of Axiata Shares exceeding certain thresholds. Unless the Eligible Employees meet their highest performance targets the total amount of rights offered under the Restricted Share Offer which will vest will be lower than the total amount of Axiata Shares offered.
  • Number of Axiata Shares offered to Directors
Axiata has made an offer of 1,123,600 Axiata Shares to Dato’ Sri Jamaludin Ibrahim (“Offered Shares”), the Managing Director/President & Group Chief Executive Officer.

The Offered Shares are above the grant of new Axiata Shares and/or options over Axiata Shares to be granted to Dato’ Sri Jamaludin Ibrahim under the Axiata Share Scheme approved by the shareholders of Axiata at the 19th Annual General Meeting held on 1 June 2011; hence, is subject to the approval of the shareholders of Axiata at a general meeting.

Premised on the above and with the view to accommodate further offer of Axiata Shares to Dato’ Sri Jamaludin Ibrahim under the Axiata Share Scheme for the final grant in 2014, Axiata will be seeking approval from its shareholders for the proposed grant of entitlement to, and allotment and issue, of up to 3,600,000 new Axiata Shares to Dato’ Sri Jamaludin Ibrahim (“Proposed Additional Grant”). The Proposed Additional Grant is the maximum number of Axiata Shares that may be vested to Dato’ Sri Jamaludin Ibrahim and are subject to the meeting of stretched individual performance and the Axiata Group meeting superior company performance at the point of vesting in addition to the standard vesting conditions applicable to other Eligible Employees.
    This announcement is dated 20 March 2013.


    AXIATA - OTHERS PROPOSED ESTABLISHMENT BY DIALOG AXIATA PLC ("DIALOG"), A SUBSIDIARY OF AXIATA GROUP BERHAD ("AXIATA"), OF A PERFORMANCE-BASED LONG TERM INCENTIVE PLAN FOR ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTORS OF DIALOG

    Announcement Type: General Announcement
    Company NameAXIATA GROUP BERHAD  
    Stock Name AXIATA  
    Date Announced20 Mar 2013  
    CategoryGeneral Announcement
    Reference NoMM-130320-64633

    TypeAnnouncement
    SubjectOTHERS
    DescriptionPROPOSED ESTABLISHMENT BY DIALOG AXIATA PLC ("DIALOG"), A SUBSIDIARY OF AXIATA GROUP BERHAD ("AXIATA"), OF A PERFORMANCE-BASED LONG TERM INCENTIVE PLAN FOR ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTORS OF DIALOG

    On behalf of of Axiata, CIMB Investment Bank Berhad wishes to announce that the Board of Dialog, a subsidiary of Axiata listed on the Colombo Stock Exchange, had on 19 March 2013 approved the proposed establishment by Dialog, of a performance-based long term incentive plan for eligible employees and executive directors of Dialog. 

    Please refer to the attachment for the full announcement.

     

    This announcement is dated 20 March 2013.

    Attachments

    Ann - Proposed Dialog LTIP.pdf
    106 KB



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

    Announcement Type: General Announcement
    Company NameTH HEAVY ENGINEERING BERHAD  
    Stock Name THHEAVY  
    Date Announced20 Mar 2013  
    CategoryGeneral Announcement
    Reference NoMB-130320-64821

    TypeAnnouncement
    SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
    NON RELATED PARTY TRANSACTIONS
    DescriptionTH HEAVY ENGINEERING BERHAD (“THHE” OR THE “COMPANY”)

    PROPOSED ACQUISITION OF 30% EQUITY INTEREST IN BERLIAN MCDERMOTT SDN BHD ("BMD");
    PROPOSED DISPOSAL OF 30% EQUITY INTEREST IN THHE FABRICATORS SDN BHD ('THF"); AND
    PROPOSED JV
    (COLLECTIVELY KNOWN AS THE "PROPOSALS")
    For consistency, the abbreviations used throughout this announcement shall have the same meaning as defined in the announcements dated 21 December 2012 and 3 January 2012 unless stated otherwise.

    We refer to the announcements dated 21 December 2012 and 3 January 2012 in relation to the Proposals.

    With reference thereto, AmInvestment Bank, on behalf of the Board, would like to announce that:-

    (a) in relation to the Proposed Acquisition of BMD, THHE and MDHSB (“BMD Parties”) have mutually agreed to vary Paragraph 2(d) of Schedule 4 of the BMD SPA in respect of the calculation of the 2013 THF Net Equity; and

    (b) in relation to the Proposed Disposal of THF, THHE and MDC (“THF Parties”) have mutually agreed to vary Paragraph 2(d) of Schedule 4 of the THF SPA in respect of the calculation of 2013 THF Net Equity,

    for the purposes of varying the total maximum cap for profit after tax earned, or to be earned, by THF in the 2013 Accounts on THF's projects in backlog as of 31 December 2012 or other THF Specified Projects.

    In relation thereto, the BMD Parties and THF Parties have agreed to vary Paragraph 2(d) of Schedule 4 of the BMD SPA and THF SPA from:-

    “(d) Plus: Profit after tax earned, or to be earned, by THF in the 2013 Accounts on THF's projects in backlog as of 31 December 2012 or other THF Specified Projects, the total amount of which shall not exceed Nine Million Four Hundred Thirty Thousand United States Dollars (USD9,430,000). Said profit will be after inclusion of an allocation of general & administrative expense equal to twenty five per cent (25%) of the total general & administrative expense incurred, or to be incurred, in the 2013 Accounts”

    to

    “(d) Plus: Profit after tax earned, or to be earned, by THF in the 2013 Accounts on THF's projects in backlog as of 31 December 2012 or other THF Specified Projects, the total amount of which shall not exceed Nine Million Six Hundred Seventeen Thousand United States Dollars (USD9,617,000). Said profit will be after inclusion of an allocation of general & administrative expense equal to twenty five per cent (25%) of the total general & administrative expense incurred, or to be incurred, in the 2013 Accounts”

    Save for the above, all other terms of the BMD SPA and THF SPA remain unchanged.


    This announcement is dated 20 March 2013


    FARMBES - Changes in Sub. S-hldr's Int. (29B) - F.C.H. Holdings Sdn Bhd

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NameFARM'S BEST BERHAD  
    Stock Name FARMBES  
    Date Announced20 Mar 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCC-130320-5B039

    Particulars of substantial Securities Holder

    NameF.C.H. Holdings Sdn Bhd
    AddressBlock 8-16-1, Jalan 15/155B
    Arcade Esplanad, Taman Bukit Jalil
    57000 Kuala Lumpur
    NRIC/Passport No/Company No.57091-T
    Nationality/Country of incorporationMalaysia
    Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
    Name & address of registered holderJF APEX Nominees (Tempatan) Sdn Bhd - PLEDGED SECURITIES ACCOUNT FOR F.C.H. Holdings Sdn Bhd
    3rd Floor, Wisma APEX
    145 A0C Jalan Bukit
    43000 Kajang, Selangor Darul Ehsan

    MERCSEC Nominees (Tempatan) Sdn Bhd - F.C.H. Holdings Sdn Bhd
    3rd Floor, Wisma UMNO
    Lorong Bagan Luar Dua
    12000 Butterworth, Penang

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired18/03/2013
    25,100
     
    Acquired19/03/2013
    15,000
     

    Circumstances by reason of which change has occurredAcquisition of shares in open market transaction by JF APEX Nominees (Tempatan) Sdn Bhd
    Nature of interestDirect
    Direct (units)20,543,405 
    Direct (%)36.99 
    Indirect/deemed interest (units) 
    Indirect/deemed interest (%) 
    Total no of securities after change20,543,405
    Date of notice19/03/2013

    Remarks :
    The Form 29B was received on 20 March 2013


    FARMBES - Changes in Sub. S-hldr's Int. (29B) - Dato' Fong Kok Yong

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NameFARM'S BEST BERHAD  
    Stock Name FARMBES  
    Date Announced20 Mar 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCC-130320-5B04B

    Particulars of substantial Securities Holder

    NameDato' Fong Kok Yong
    AddressNo 70, Jalan Tun Fatimah
    Durian Daun
    75400 Melaka
    NRIC/Passport No/Company No.510306-04-5253
    Nationality/Country of incorporationMalaysian
    Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
    Name & address of registered holderJF APEX Nominees (Tempatan) Sdn Bhd - PLEDGED SECURITIES ACCOUNT FOR F.C.H. Holdings Sdn Bhd
    3rd Floor, Wisma APEX
    145 A0C Jalan Bukit
    43000 Kajang, Selangor Darul Ehsan

    MERCSEC Nominees (Tempatan) Sdn Bhd - F.C.H. Holdings Sdn Bhd
    3rd Floor, Wisma UMNO
    Lorong Bagan Luar Dua
    12000 Butterworth, Penang

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired18/03/2013
    25,100
     
    Acquired19/03/2013
    15,000
     

    Circumstances by reason of which change has occurredDeemed interest by virtue of his interest in F.C.H. Holdings Sdn Bhd - Acquisition of shares in open market transaction by JF APEX Nominees (Tempatan) Sdn Bhd
    Nature of interestDeemed Interest
    Direct (units) 
    Direct (%) 
    Indirect/deemed interest (units)20,543,405 
    Indirect/deemed interest (%)36.99 
    Total no of securities after change20,543,405
    Date of notice19/03/2013

    Remarks :
    The Form 29B was received on 20 March 2013


    FARMBES - Changes in Sub. S-hldr's Int. (29B) - Datuk Fong Kiah Yeow

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NameFARM'S BEST BERHAD  
    Stock Name FARMBES  
    Date Announced20 Mar 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCC-130320-5B05A

    Particulars of substantial Securities Holder

    NameDatuk Fong Kiah Yeow
    AddressNo 70, Jalan Tun Fatimah
    Durian Daun
    75400 Melaka
    NRIC/Passport No/Company No.541219-04-5003
    Nationality/Country of incorporationMalaysian
    Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
    Name & address of registered holderJF APEX Nominees (Tempatan) Sdn Bhd - PLEDGED SECURITIES ACCOUNT FOR F.C.H. Holdings Sdn Bhd
    3rd Floor, Wisma APEX
    145 A0C Jalan Bukit
    43000 Kajang, Selangor Darul Ehsan

    MERCSEC Nominees (Tempatan) Sdn Bhd - F.C.H. Holdings Sdn Bhd
    3rd Floor, Wisma UMNO
    Lorong Bagan Luar Dua
    12000 Butterworth, Penang

    Kenanga Nominees (Tempatan) Sdn Bhd - PLEDGED SECURITIES ACCOUNT FOR Datuk Fong Kiah Yeow
    Level 8, Kenanga International
    Jalan Sultan Ismail
    50250 Kuala Lumpur

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired18/03/2013
    25,100
     
    Acquired19/03/2013
    15,000
     

    Circumstances by reason of which change has occurredDeemed interest by virtue of his interest in F.C.H. Holdings Sdn Bhd- Acquisition of shares in open market transaction by JF APEX Nominees (Tempatan) Sdn Bhd
    Nature of interestDirect and Deemed Interest
    Direct (units)108,000 
    Direct (%)0.19 
    Indirect/deemed interest (units)20,543,405 
    Indirect/deemed interest (%)36.99 
    Total no of securities after change20,651,405
    Date of notice19/03/2013

    Remarks :
    The Form 29B was received on 20 March 2013


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