March 19, 2013

Company announcements: EKOVEST, KKB, MUH, WCT, WCT-WB

EKOVEST - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):COMBINATION OF TRANSACTIONS

Announcement Type: General Announcement
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced19 Mar 2013  
CategoryGeneral Announcement
Reference NoMM-130319-52540

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
DescriptionEKOVEST BERHAD (“EKOVEST”)

(I) PROPOSED TRANSFER OF 100% OF THE ORDINARY SHARES OF RM1.00 EACH IN WIRA KRISTAL SDN BHD (“WIRA KRISTAL”) IN EXCHANGE FOR NEW ORDINARY SHARES OF RM1.00 EACH IN EKOVEST (“PROPOSED SHARE EXCHANGE”);

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EKOVEST (“PROPOSED IASC”); AND

(II) PROPOSED EXEMPTION SOUGHT BY TAN SRI DATO' LIM KANG HOO (“TAN SRI LIM”) AND THE PERSONS ACTING IN CONCERT (“PAC”) WITH TAN SRI LIM UNDER PARAGRAPH 16.1 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 FROM THE OBLIGATION TO EXTEND A TAKE-OVER OFFER FOR ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN EKOVEST NOT ALREADY OWNED BY TAN SRI LIM AND THE PAC WITH TAN SRI LIM UPON COMPLETION OF THE PROPOSED SHARE EXCHANGE (“PROPOSED EXEMPTION”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in the announcements dated 30 January 2012 and 25 January 2013 in relation to the Proposals.)

We refer to the announcement dated 30 January 2013 in relation to the Proposals. On behalf of Ekovest, CIMB wishes to announce that Bursa Securities had approved the listing of and quotation for 126,723,735 new ordinary shares of RM1.00 each in Ekovest to be issued pursuant to the Proposed Share Exchange, subject to the following conditions:-

(i) Ekovest and CIMB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Share Exchange;

(ii) Ekovest and CIMB to inform Bursa Securities upon the completion of the Proposed Share Exchange; and

(iii) Ekovest to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Share Exchange is completed.

This announcement is dated 19 March 2013.


KKB - Changes in Sub. S-hldr's Int. (29B) - Kho Pok Tong

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKKB ENGINEERING BERHAD  
Stock Name KKB  
Date Announced19 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130319-7ABF0

Particulars of substantial Securities Holder

NameKho Pok Tong
AddressNo. 14, Jalan Three Hills Park, Off Jalan Pending, 93300 Kuching, Sarawak
NRIC/Passport No/Company No.680710-13-5033
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderKho Kak Beng Holding Company Sdn. Bhd.
Lot 2069, Section 66, Bintawa Industrial Estate, Jalan Utama, 93450 Kuching, Sarawak

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired14/03/2013
6,000
1.500 
Acquired18/03/2013
5,000
1.500 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial interest in Kho Kak Beng Holding Company Sdn. Bhd.
Nature of interestIndirect interest
Direct (units)599,600 
Direct (%)0.23 
Indirect/deemed interest (units)103,259,720 
Indirect/deemed interest (%)40.06 
Total no of securities after change103,859,320
Date of notice19/03/2013

Remarks :
(i) 599,600 shares are registered in the name of Kho Pok Tong.
(ii) Deemed interested by virtue of 103,259,720 shares held by Kho Kak Beng Holding Company Sdn. Bhd. in which Kho Pok Tong has substantial interest.

MUH - Material Litigation

Announcement Type: General Announcement
Company NameMULTI-USAGE HOLDINGS BERHAD  
Stock Name MUH  
Date Announced19 Mar 2013  
CategoryGeneral Announcement
Reference NoCC-130319-F4535

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDZO-130318-46207
SubjectMaterial Litigation
DescriptionMulti-Usage Holdings Berhad
- Writ of Summon and Statement of Claim filed by Covenant Equity Consulting Sdn Bhd against Multi-Usage Holdings Berhad - High Court of Malaya in Kuala Lumpur Writ Summons No. 22NCVC-228-03/2013
Query Letter Contents We refer to your Company's announcement dated 15 March 2013 in respect of the
above matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. The details of the circumstances leading to the Summon.

2. The date of the Summon.

3. The financial impact of the Summon on the group.

4. The expected losses, if any arising from the aforesaid Summon.

Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully


SUZALINA HARUN
Head, Issuers
Listing Division
Regulation
ZOOS

1. The details of the circumstances leading to the Summon.

In 2004, Covenant Equity Consulting Sdn Bhd ("the Plaintiff") was appointed by Multi-Usage Holdings Berhad (“MUH”) as a Financial Adviser in relation to a Proposed Corporate and Debt Restructuring Scheme (“Proposals’). Following this, the Proposals were announced and submitted to authorities for their approval in 2005.

Securities Commission (“SC”) had vide its letter dated 19 June 2006, informed that the application made by MUH in relation to the Proposals has been rejected. Subsequent, the Company had on 19 July 2006 submitted an appeal to SC to reconsider its decision on the rejection of the Proposals. However, SC had vide its letter dated 18 October 2006, rejected the appeal made by MUH in its letter dated 19 July 2006 in relation to the Proposals.

In the meantime, the Directors of MUH wishes to highlight that the Company had fully paid off the invoices pertaining to the advisory work that the Plaintiff involved for the Proposals as agreed by both parties.

Following the rejection of the Proposals, the Company had taken own initiative to formulate a new Proposed debts settlement scheme to all its lenders. On 12 March 2013, the Company announced that the Company has received the approval-in-principle from the remaining one (1) lender.

The Plaintiff have alleged that they are entitled to charge a retainer fees for the period from February, 2007 until December, 2009 and success fee/commission for the discount received by the Company and its subsidiary and related companies and including those hived off for the benefit of Wealthy Achievers Sdn Bhd under the proposed bullet repayment from all the affected banks except for Malayan Banking Berhad.

2. The date of the Summon

Civil Suit via a Writ of Summon and Statement of Claim dated 4 March 2013 had been received by MUH on 14 March 2013.

3. The financial impact of the Summon on the Group

Save for legal expenses, the Civil Suit has no material financial and operational impact on MUH at present.

4. The expected losses, if any arising from the aforesaid Summon

The expected losses are not determinable as the litigation case is still at the preliminary stages.

This announcement is dated 19 March 2013.


WCT - Changes in Director's Interest (S135) - Dato' Capt. Ahmad Sufian @ Qurnain Bin Abdul Rashid

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced19 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoWW-130318-34877

Information Compiled By KLSE

Particulars of Director

NameDato' Capt. Ahmad Sufian @ Qurnain Bin Abdul Rashid
Address45, Jalan G2, Taman Melawati, 53100 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary Shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
15/03/2013
57,500
1.630 

Description of other type of transactionExercise of Options pursuant to the ESOS (2012/2022)
Circumstances by reason of which change has occurredExercise of Options pursuant to the ESOS (2012/2022)
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)937,500 
Direct (%)0.09 
Indirect/deemed interest (units)23,000 
Indirect/deemed interest (%)0.002 
Date of notice18/03/2013

Remarks :
This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements

WCT - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (DiPerbadankan)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced19 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-130319-4506D

Particulars of substantial Securities Holder

NameKumpulan Wang Persaraan (DiPerbadankan)
AddressAras 4,5&6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang, 55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderKumpulan Wang Persaraan DiPerbadankan)("KWAP")- 54,730,055 Shares
KWAP's Fund Managers - 11,321,415 Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed13/03/2013
12,700
 
Disposed14/03/2013
341,240
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect
Direct (units)66,051,470 
Direct (%)6.49 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change66,051,470
Date of notice19/03/2013

Remarks :
Form 29B dated 19 March 2013 was received on 19 March 2013.

WCT - Changes in Director's Interest (S135) - Taing Kim Hwa

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced19 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoWW-130319-33187

Information Compiled By KLSE

Particulars of Director

NameTaing Kim Hwa
Address10, Jalan Eksekutif U1/6, Seksyen U1, 40000 Shah Alam, Selangor
Descriptions(Class & nominal value)Ordinary Shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
18/03/2013
230,600
1.850 

Description of other type of transactionConversion of Warrants (2008/2013) into ordinary shares
Circumstances by reason of which change has occurredConversion of Warrants (2008/2013) into ordinary shares
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)2,205,103 
Direct (%)0.22 
Indirect/deemed interest (units)181,339,663 
Indirect/deemed interest (%)17.81 
Date of notice19/03/2013

Remarks :
This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements

WCT - Changes in Sub. S-hldr's Int. (29B) - Taing Kim Hwa

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced19 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-130319-33953

Particulars of substantial Securities Holder

NameTaing Kim Hwa
Address10, Jalan Eksekutif U1/6, Seksyen U1, 40000 Shah Alam, Selangor
NRIC/Passport No/Company No.530604-10-5005
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holder1) Taing Kim Hwa
2) WCT Capital Sdn Bhd
3) Various Nominees

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others18/03/2013
230,600
 

Description of other type of transactionConversion of Warrants (2008/2013) into ordinary shares
Circumstances by reason of which change has occurredConversion of Warrants (2008/2013) into ordinary shares
Nature of interestDirect
Direct (units)2,205,103 
Direct (%)0.22 
Indirect/deemed interest (units)181,339,663 
Indirect/deemed interest (%)17.81 
Total no of securities after change183,544,766
Date of notice19/03/2013

WCT-WB - Changes in Director's Interest (S135) - Taing Kim Hwa

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameWCT BERHAD  
Stock Name WCT-WB  
Date Announced19 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoWW-130319-77972

Information Compiled By KLSE

Particulars of Director

NameTaing Kim Hwa
Address10, Jalan Eksekutif U1/6, Seksyen U1, 40000 Shah Alam, Selangor
Descriptions(Class & nominal value)Warrants (2008/2013)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
18/03/2013
230,600
1.850 

Description of other type of transactionConversion of Warrants into ordinary shares
Circumstances by reason of which change has occurredConversion of Warrants into ordinary shares
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)1,377,263 
Direct (%)1.86 
Indirect/deemed interest (units)26,535,399 
Indirect/deemed interest (%)35.88 
Date of notice19/03/2013

Remarks :
This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements

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