March 20, 2013

Company announcements: MANULFE, MAYBANK, ASB, IGB, ECM

MANULFE - OTHERS MANULIFE HOLDINGS BERHAD (“MHB” or “the Company”) and its subsidiaries (collectively known as "MHB Group" or "The Group") - VALUATION OF NON-CURRENT ASSET

Announcement Type: General Announcement
Company NameMANULIFE HOLDINGS BERHAD  
Stock Name MANULFE  
Date Announced20 Mar 2013  
CategoryGeneral Announcement
Reference NoCS-130320-75164

TypeAnnouncement
SubjectOTHERS
DescriptionMANULIFE HOLDINGS BERHAD (“MHB” or “the Company”) and its subsidiaries (collectively known as "MHB Group" or "The Group")
- VALUATION OF NON-CURRENT ASSET
The Board of Directors of MHB Group is pleased to announce pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) that a valuation was conducted on the following non-current asset of MHB Group where the Board of Directors of the Group has approved the incorporation of the revaluation surplus in the consolidated financial statements for the financial year ended 31 December 2012 of the Group:-
Description of Non-Current Asset
Valuation
report
(RM’000)
Carrying
amount
(RM’000)
Valuation surplus
(RM’000)
A seventeen (17)-storey office building together with 1 mezzanine floor and 4 split-levels basement car park known as Menara Manulife, bearing postal address of No. 6, Jalan Gelenggang, Damansara Heights, 50490 Kuala Lumpur, Malaysia (“the Property”).
- classified as self-occupied properties
- classified as investment properties
13,759
81,741
13,195
81,741
-*
568**
Total
95,500
94,936
568


The valuation was conducted to assess the market value of the Property for Internal Management purposes.

The revaluation surplus would result in the Group’s net assets per share to increase by approximately RM0.0015 per share. ***

The valuation was conducted by Messrs. C H Williams Talhar & Wong Sdn. Bhd. on 17 December 2012 and the valuation report is available for inspection at MHB’s registered office for a period of three (3) months from the date of this announcement.

This announcement is dated 20 March 2013.

Notes:-

* no revaluation surplus recorded for self-occupied properties as it is the Group’s policy to perform valuation once in every five years or earlier if the carrying values of the revalued assets are materially different from the market values.

** the total valuation surplus of RM568,000.00, derived based on the latest valuation less carrying value of the Property held jointly by MHB and Life Fund .

*** impact to the Group net assets per share is computed based on the portion of the valuation surplus on property held by MHB only. The portion of the valuation surplus held by Life fund does not affect the net assets per share of the Group.



MAYBANK - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced20 Mar 2013  
CategoryAdditional Listing Announcement (ALA)
Reference NoMB-130320-64127

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal11,200
Issue price per share ($$)MYR 8.750
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units8,440,728,235
CurrencyMYR 8,440,728,235.000
Listing Date22/03/2013


MAYBANK - Changes in Sub. S-hldr's Int. (29B) - AMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced20 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMB-130320-63789

Particulars of substantial Securities Holder

NameAMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA
AddressTINGKAT 4 BALAI PNB
201-A JALAN TUN RAZAK
50400 KUALA LUMPUR
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY
Name & address of registered holderAMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA
TINGKAT 4 BALAI PNB
201-A JALAN TUN RAZAK
50400 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed15/03/2013
450,000
 

Circumstances by reason of which change has occurredSALE OF SHARES
Nature of interestDIRECT
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change3,378,611,099
Date of notice15/03/2013

Remarks :
1) The notice was received by Maybank Berhad on 20 March 2013.


MAYBANK - 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 NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced20 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMB-130320-63352

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 incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY
Name & address of registered holder1) EMPLOYEES PROVIDENT FUND BOARD
TINGKAT 19 BANGUNAN KWSP
JALAN RAJA LAUT
50350 KUALA LUMPUR

2) CITIGROUP NOMINEES (TEMPATAN) SDN BHD
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)
Disposed13/03/2013
7,251,600
 
Disposed14/03/2013
7,851,800
 
Disposed15/03/2013
4,229,000
 

Circumstances by reason of which change has occurredSALE OF SHARES
Nature of interestDIRECT
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,073,630,424
Date of notice18/03/2013

Remarks :
1) The notice was received by Maybank Berhad on 20 March 2013.


ASB - OTHERS ADVANCE SYNERGY BERHAD (“ASB”) Announcement by Unified Communications Holdings Limited (“UCH”), a 58.3%-owned subsidiary of ASB (held via Worldwide Matrix Sdn Bhd, a wholly-owned subsidiary of ASB), to the Singapore Exchange Securities Trading Limited (“SGX”)

Announcement Type: General Announcement
Company NameADVANCE SYNERGY BERHAD  
Stock Name ASB  
Date Announced20 Mar 2013  
CategoryGeneral Announcement
Reference NoAS-130320-62710

TypeAnnouncement
SubjectOTHERS
DescriptionADVANCE SYNERGY BERHAD (“ASB”)
Announcement by Unified Communications Holdings Limited (“UCH”), a 58.3%-owned subsidiary of ASB (held via Worldwide Matrix Sdn Bhd, a wholly-owned subsidiary of ASB), to the Singapore Exchange Securities Trading Limited (“SGX”)

Pursuant to paragraphs 9.19(23) and 9.19(40) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), we wish to inform Bursa Securities that UCH, our subsidiary which is listed on the SGX, had on 20 March 2013 released an announcement concerning the subscription by Unified Communications Pte Ltd (a wholly-owned subsidiary of UCH) for the remaining 79,899 compulsory convertible preference shares of INR10 each in Unified Telecom Private Limited, a jointly controlled entity in India.

Please refer to the attached file for the said announcement made by UCH to the SGX.

This announcement is dated 20 March 2013.



IGB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameIGB CORPORATION BERHAD  
Stock Name IGB  
Date Announced20 Mar 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoIC-130320-59F1A

Date of buy back20/03/2013
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)148,400
Minimum price paid for each share purchased ($$)2.210
Maximum price paid for each share purchased ($$)2.220
Total consideration paid ($$)330,249.80
Number of shares purchased retained in treasury (units)148,400
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)82,649,667
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 (%)5.55


ECM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name ECM  
Date Announced20 Mar 2013  
CategoryGeneral Announcement
Reference NoEL-130320-27A28

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionDealing by Director in Securities of ECM Libra Financial Group Berhad (“ECM” or “Company”) During Closed Period

Pursuant to paragraph 14.08 (d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mr Lim Kian Onn, a Director of the Company, has given notice of his dealing in the ordinary shares of RM1.00 each in ECM during the closed period as set out below:

Date Acquired

No. of Shares

% of Paid-up Capital

Price per Share (RM)

20.03.2013

500,000

0.19

0.67

This announcement is made on 20 March 2013.



ECM - Changes in Director's Interest (S135) - Lim Kian Onn

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name ECM  
Date Announced20 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoEL-130320-426ED

Information Compiled By KLSE

Particulars of Director

NameLim Kian Onn
Address2nd Floor, West Wing, Bangunan ECM Libra
8 Jalan Damansara Endah
Damansara Heights
50490 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary share of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
19/03/2013
600,400
 
Acquired
20/03/2013
500,000
 

Circumstances by reason of which change has occurredDirect interest - Purchase from market
Nature of interestDirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)45,710,219 
Direct (%)17.04 
Indirect/deemed interest (units)1,437,163 
Indirect/deemed interest (%)0.54 
Date of notice20/03/2013

Remarks :
This announcement is dated 20 March 2013.


ECM - Changes in Sub. S-hldr's Int. (29B) - Lim Kian Onn

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name ECM  
Date Announced20 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoEL-130320-426EE

Particulars of substantial Securities Holder

NameLim Kian Onn
Address2nd Floor, West Wing, Bangunan ECM Libra
8 Jalan Damansara Endah
Damansara Heights
50490 Kuala Lumpur
NRIC/Passport No/Company No.561012-05-5691
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary share of RM1.00 each
Name & address of registered holderLim Kian Onn (Direct interest)
2nd Floor, West Wing, Bangunan ECM Libra
8 Jalan Damansara Endah
Damansara Heights
50490 Kuala Lumpur

Kenanga Nominees (Tempatan) Sdn Bhd (Direct interest)
8th Floor, Kenanga International
Jalan Sultan Ismail
50250 Kuala Lumpur

Quek Siow Leng (Indirect interest)
50, Jalan Setiamurni 6
Bukit Damansara
50490 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired19/03/2013
600,400
 
Acquired20/03/2013
500,000
 

Circumstances by reason of which change has occurredDirect interest - Purchase from market
Nature of interestDirect interest
Direct (units)45,710,219 
Direct (%)17.04 
Indirect/deemed interest (units)1,437,163 
Indirect/deemed interest (%)0.54 
Total no of securities after change47,147,382
Date of notice20/03/2013

Remarks :
This announcement is dated 20 March 2013.


ECM - Quarterly rpt on consolidated results for the financial period ended 31/1/2013

Announcement Type: Financial Results
Company NameECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name ECM  
Date Announced20 Mar 2013  
CategoryFinancial Results
Reference NoEL-130319-38812

Financial Year End31/01/2013
Quarter4
Quarterly report for the financial period ended31/01/2013
The figureshave not been audited

Attachments

ELFG.Q413 - 20 March 2013.pdf
173 KB


Remarks :
The financial information comprises results from both continuing and discontinued operations of the Group. ECM Libra Investment Bank Berhad ("ECMLIB") and its subsidiaries are presented as a disposal group held for sale following the commitment of the Group, on 15 June 2012, to a conditional share purchase agreement for the proposed disposal by the Group of the entire equity interest in ECMLIB. The disposal was completed on 14 December 2012.

Financial information for the current year and current quarter ended 31 January 2013 included a loss on disposal of ECMLIB of RM68.65 million. Year to date profit before tax and profit after tax from operations was RM34.65 million and RM26.52 million respectively. Current quarter's profit before tax and profit after tax from operations was RM14.44 million and RM12.64 million respectively. After aggregating the loss on disposal of ECMLIB of RM68.65 million, the Group reported a loss after tax of RM42.13 million for the current year and loss after tax of RM56.01 million for the current quarter ended 31 January 2013.

Upon completion of the disposal of ECMLIB on 14 December 2012 ("the Disposal"), the Company is considered a PN17 company pursuant to Paragraph 8.04 and Paragraph 2.1(g) of Practice Note 17 ("PN17") of the Main Market Listing Requirement ("MMLR") of Bursa Malaysia Securities Berhad. The Company triggered Paragraph 2.1(g) of the PN17 criteria by virtue of the disposal of its investment banking business which contributed more than 70% of the group revenue. Arising from the Disposal, the Company has a healthy cash position and also does not carry any long term liabilities. The Company is evaluating various options in its endeavour to formulate a plan to regularise the Company's financial condition to uplift the PN17 status.

Consequent to the Disposal, the Company has proceeded with a capital restructuring exercise to return excess capital to shareholders. The issued capital of the Company was reduced from RM828,819,091 to RM268,222,091 on 28 February 2013 to commensurate with the reduced scale of business after the Disposal. In this respect, the Company and its subsidiaries ("the Group") continue to have the financial and operational resources to carry on the Group's remaining business operations.

The Group has existing licences that enable the Group to continue to operate financial services related businesses. Over time the group intends to use its resources to grow the business. The Group will continue to nurture its fund management business which is operated under Libra Invest Berhad. The Group has reactivated its structured financing activity and has started to generate loan income. The Group also derives income from its investment portfolio and property. Additionally, the Group will continue to get involved in areas relating to financial services where the Group has expertise.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/01/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/01/2013
31/01/2012
31/01/2013
31/01/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
37,545
40,686
165,409
180,545
2Profit/(loss) before tax
-54,215
4,441
-34,001
51,615
3Profit/(loss) for the period
-56,008
1,091
-42,131
29,947
4Profit/(loss) attributable to ordinary equity holders of the parent
-56,008
1,091
-42,131
29,947
5Basic earnings/(loss) per share (Subunit)
-6.77
0.12
-5.09
3.64
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 ($$)
1.1000
1.2300
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


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