KLCCP - SUSPENSION OF SECURITIES
| Company Name | KLCC PROPERTY HOLDINGS BERHAD |
| Stock Name | KLCCP |
| Date Announced | 11 Apr 2013 |
| Category | General Announcement |
| Reference No | MM-130411-68597 |
| Type | Announcement |
| Subject | SUSPENSION OF SECURITIES |
| Description | KLCC PROPERTY HOLDINGS BERHAD (“KLCCP” OR “COMPANY”) NOTICE TO SHAREHOLDERS OF KLCCP IN RELATION TO THE SUSPENSION OF TRADING OF THE ORDINARY SHARES OF RM1.00 EACH IN KLCCP (“SHARES”) AND THE ENTITLEMENT DATE FOR THE BONUS ISSUE OF 1,805,333,083 CLASS A REDEEMABLE PREFERENCE SHARES OF RM0.01 EACH IN KLCCP (“RPS”) (“BONUS RPS ISSUE”) (“NOTICE”) |
On behalf of KLCCP, CIMB wishes to announce that the entitlement date for the Bonus RPS Issue is on Monday, 29 April 2013 at 5.00 p.m. (“Entitlement Date”). Pursuant thereto, the trading of Shares on the Main Market of Bursa Malaysia Securities Berhad (“Main Market”) will be suspended with effect from 9.00 a.m. on Tuesday, 23 April 2013, which is three (3) clear market days prior to the Entitlement Date. Accordingly, the last day of trading of the Shares on the Main Market prior to suspension shall be 5.00 p.m. on Monday, 22 April 2013. The Shares will no longer be traded on the Main Market after the trading of the Shares is suspended on 23 April 2013. Upon completion of the corporate exercise, the resultant Stapled Securities (as defined herein), whereby every one stapled security comprising one Share stapled to one Unit (“Stapled Security”), will be quoted and traded as one security on the Main Market of Bursa Malaysia Securities Berhad and will not be able to be traded separately. The listing of the Stapled Securities is expected by early May 2013. The Notice which will be published in the New Straits Times on 12 April 2013 is enclosed. (This announcement is dated 11 April 2013)
| |
MENTIGA - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | MENTIGA CORPORATION BERHAD |
| Stock Name | MENTIGA |
| Date Announced | 11 Apr 2013 |
| Category | General Announcement |
| Reference No | CK-130411-63032 |
| Type | Announcement | ||||||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS | ||||||||||||||||||||
| Description | PROPOSED DEVELOPMENT OF 19 UNITS OF 3 STOREY SHOPLOTS TOGETHER WITH 250 BAYS OF BASEMENT CAR PARKS ON A PIECE OF LAND HELD UNDER PM15036, LOT 51754 (FORMERLY HELD UNDER HS(M)41047 PT 45065), TEMPAT BANDAR INDERA MAHKOTA, MUKIM KUALA KUANTAN, DISTRICT OF KUANTAN, PAHANG DARUL MAKMUR WITH AN APPROXIMATE LAND AREA OF 21,000 SQUARE METER BY TOPLAND RESOURCES SDN BHD. | ||||||||||||||||||||
1. INTRODUCTION Pursuant to Paragraph 10.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Mentiga (“Board”) wishes to announce that the Company has on 11 April 2013, entered into a Development Agreement (“Agreement”) with Topland Resources Sdn Bhd (“the Developer”) for the proposed development of 19 units of 3 storey shoplots together with 250 bays of basement car parks on a piece of land held under PM15036, Lot 51754 (formerly held under HS(M)41047 PT 45065), Tempat Bandar Indera Mahkota, Mukim Kuala Kuantan, District of Kuantan, Pahang Darul Makmur with an approximate land area of 21,000 square meter [hereinafter referred to as “the Land”] (“the Proposed Development”) and to market and sell the properties in the Proposed Development upon the terms and conditions as stipulated in the Agreement. The Company is the registered proprietor of the Land and principally involved in investment holding, timber extraction and trading in timber related products and mining. 2. THE PROPOSED DEVELOPMENT 2.1 INFORMATION ON THE DEVELOPER Topland Resources Sdn Bhd (Company No. 689565-D) is a private limited company incorporated under the laws of Malaysia and having its business address at B-12, Lorong Tun Ismail 8, Sri Dagangan 2, 25000 Kuantan, Pahang Darul Makmur (“Developer”) and principally involved in business as builders, contractors and sub-contractors of all kinds of property development. 2.2 INFORMATION ON THE LAND A land is held under PM15036, Lot 51754 (formerly held under HS(M)41047 PT 45065), Tempat Bandar Indera Mahkota, Mukim Kuala Kuantan, District of Kuantan, Pahang Darul Makmur with an approximate land area of 21,000 square meter. Our original cost of investment in the property is RM858,076.52 which was incurred in 1993. The Net Book Value of the land as at 28 February 2013 stood at RM858,076.52. We have appointed Rahim & Co., an independent registered valuer, to perform a market valuation on the Land. Based on the valuation report issued by Rahim & Co. on 8 March 2012, the market value was RM1,800,000.00 using the Comparison Method of valuation. 2.3 PROPOSED DEVELOPMENT OF THE LAND 19 units of 3 storey shoplots together with 250 bays of basement car parks on the Land. 2.4 BASIS OF CONSIDERATION 2.4.1 The Company is entitled to Ringgit Malaysia Six Million Three Hundred Thousand (RM6,300,000.00) only [hereinafter referred to as “the Company’s Entitlement”]. The Company’s Entitlement is not subject to any change. (a) The basis of arriving at the consideration was by negotiation and the sum is mutually agreed by both parties. (b) The justification for the consideration is based on the best return offered by the Developer. Noted below are transactions from Kuantan Valuation and Property Services Department (JPPH) of similar properties within the vicinity:
2.4.2 A sum of Ringgit Malaysia Three Hundred Thousand (RM300,000.00) only to be deposited by the Developer to the Company upon the execution of the Agreement. 2.4.3 Balance of Ringgit Malaysia Six Million (RM6,000,000.00) only [hereinafter referred to as “the Balance Entitlement”] to be satisfied by delivery of such numbers of properties from the Development to be selected by the Company and completed by the Developer at the Developer’s own cost and expense [hereinafter referred to as “Company’s Buildings”] based on the selling price of the properties when offered for sale upon launching of the Development up to the aggregate of the Balance Entitlement subject to the following: 2.4.3.1 The Company’s entitlement shall be selected by the Company prior to any sale of the units by the Developer; 2.4.3.2 In the event of any surplus in the Balance Entitlement after the Company’s selection, which is insufficient to purchase a property [hereinafter referred to as “the Surplus”], the Company shall have the option to apply the Surplus to purchase another property selected by the Company from the Developer by paying the Developer the outstanding purchase price (after the set-off of the Surplus against the purchase price for that property in question) progressively against the Architect’s certificate of completion or to elect that the Developer to pay the surplus sum to the Company forthwith. 2.5 SALIENT TERMS OF THE AGREEMENT 2.5.1 Developer’s Obligation Developer shall apply for and obtain the requisite consents required for the commencement and completion of the Development at the Developer’s sole cost and expense. Developer shall be solely responsible for obtaining the necessary project financing required for the commencement and completion of the Development and acknowledges that the Company shall be under no obligation to furnish any financing or security or be held responsible for the project financing. 3. SOURCE OF FUNDING AND ASSUMPTION OF LIABILITIES 3.1 Source of Funding Company shall be under no obligation to furnish any financing or security or be held responsible for the project financing. 3.2 Assumption of Liabilities There is no liability to be assumed by the Company. The liability to be assumed by the Developer is that Developer shall pay the Company interest at the rate of 10% per annum on the sum of RM1,800,000.00 only calculated on a daily basis from the date of the expiry of the First Extended Approval period until the Developer has obtained the requisite approval within the Second Extended Approval Period. 4. RATIONALE FOR THE PROPOSED DEVELOPMENT The Proposed Development will enable the Company to realise a gain from its investment in the Land. The proceeds from the Proposed Development will be retained as working capital for the Group. 5. EFFECT OF THE PROPOSED DEVELOPMENTS 5.1 Share capital and shareholdings of substantial shareholders The Proposed Development has no impact on the issued and paid-up share capital of Mentiga and shareholdings of the substantial shareholders of Mentiga as it does not involve any issuance of new ordinary shares in Mentiga. 5.2 Earnings The Proposed Development is not expected to have any impact on the earnings of the Group for the financial year ending 31 December 2013 as the Proposed Development is expected to commence in the first half of 2014. The development of the Land is expected to enhance the earnings of the Group in future years. The Group is expected to realise an estimated net gain after tax of approximately RM5.442 million at Group level. 5.3 Net assets The Proposed Development is not expected to have any effect on the net assets per share of the Group for the financial year ending 31 December 2013. However, in view of the potential future profit contribution arising from the development of the Land, the net assets of the Group are expected to be enhanced over time. 5.4 Gearing As set out in section 3.1, the Company is under no obligation to furnish any financing or security or be held responsible for the project financing.
6. APPROVALS REQUIRED The Proposed Development is subject to Federal, State and local government, statutory and other authorities and bodies having jurisdiction from time to time and at any time over the Development or any part or stage thereof or whose approval or co-operation may be required for the commencement and successful completion of the Development or any part of the stage thereof. The application to the relevant authorities is estimated to be submitted within a period of twelve (12) months from the date of this Agreement. This Proposed Development is not subject to the shareholders’ approval or any other relevant authority. 7. ESTIMATED TIME FOR COMPLETION The Proposed Development is estimated to be completed within Thirty six (36) months from the date of the building plans approval. 8. PERCENTAGE RATIO The highest percentage ratio applicable to the Proposed Development pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 12.50%. 9. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST Insofar as the Directors are aware, none of the directors and/or major shareholders of Mentiga and/or persons connected to them have any direct or indirect interest in the Proposed Development. 10. DIRECTORS’ STATEMENT The Board of Mentiga, having considered all aspects of the Proposed Development, is of the opinion that the Proposed Development is in the best interest of the Group. 11. DOCUMENTS AVAILABLE FOR INSPECTION The Agreement and Valuation Report are available for inspection at the registered office of the Company at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, during normal business hours from Mondays to Fridays (except for public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 11 April 2013. | |||||||||||||||||||||
TWSPLNT - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
| Company Name | TRADEWINDS PLANTATION BERHAD |
| Stock Name | TWSPLNT |
| Date Announced | 11 Apr 2013 |
| Category | General Announcement |
| Reference No | TP-130410-53738 |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) |
| Description | TRADEWINDS PLANTATION BERHAD (“TWP” OR “COMPANY”) UNCONDITIONAL TAKE-OVER OFFER BY THE JOINT OFFERORS THROUGH MAYBANK INVESTMENT BANK BERHAD (“MAYBANK IB”) TO ACQUIRE: (I) ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN TWP (“TWP SHARES”) NOT ALREADY OWNED BY THE JOINT OFFERORS AND TRADEWINDS (M) BERHAD, BEING THE PERSON ACTING IN CONCERT WITH THE JOINT OFFERORS (“PAC”), AND SUCH NUMBER OF NEW TWP SHARES THAT MAY BE ISSUED AND ALLOTTED PRIOR TO THE CLOSING DATE PURSUANT TO THE CONVERSION OF THE OUTSTANDING IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS OF TWP (“TWP ICULS”) (“OFFER SHARES”) FOR A CASH OFFER PRICE OF RM5.00 PER OFFER SHARE (“SHARES OFFER”); AND (II) ALL THE OUTSTANDING TWP ICULS NOT ALREADY OWNED BY THE JOINT OFFERORS AND THE PAC (“OFFER ICULS”) FOR A CASH OFFER PRICE OF RM3.13 PER OFFER ICULS (“ICULS OFFER”) (COLLECTIVELY REFERRED TO AS THE “OFFER”) |
We refer to the Company's previous announcements in relation to the Offer with the latest dated 8 April 2013. We wish to announce that the Company received the attached press notice today from Maybank IB, on behalf of the Joint Offerors, informing that the Joint Offerors have received valid acceptances of the Offer in respect of 127,077,616 TWP Shares, representing 24.02% of TWP’s issued and paid-up share capital resulting in the Joint Offerors and the PAC collectively holding 97.72% of TWP’s issued and paid-up share capital. In view of the above, the Joint Offerors have received valid acceptances of not less than nine-tenths (9/10) in the nominal value of the Offer Shares (excluding TWP Shares already held at the date of the Offer by the PAC). As stated in Sections 5 and 6 of the offer document in relation to the Offer on 21 March 2013 (“Offer Document”), the Joint Offerors do not intend to maintain the listing status of TWP if they receive acceptances under the Offer resulting in them holding in aggregate 90% or more of the TWP Shares and intend to invoke the provisions under Section 222 of the Capital Markets and Services Act, 2007 (“CMSA”) to compulsorily acquire any outstanding Offer Shares for which valid acceptances have not been received under the Offer (“Remaining Offer Shares”). Accordingly, the Joint Offerors will, at any time within two (2) months from the date of the press notice, proceed to exercise their right to compulsorily acquire the Remaining Offer Shares in accordance with the provisions of Section 222 of the CMSA. As announced on 8 April 2013, the Offer will remain open for acceptances until 5.00 p.m. (Malaysian time) on Thursday, 25 April 2013 (“Revised Closing Date”). Save for the Revised Closing Date, all other details, terms and conditions of the Offer remain unchanged. Holders of the Offer Shares and Offer ICULS who wish to accept the Offer are advised to refer to the Offer Document for the details, terms and conditions of the Offer and the procedures for acceptance of the Offer as well as the Independent Advice Circular issued by Kenanga Investment Bank Berhad dated 1 April 2013. For consistency, the abbreviations used throughout this Announcement are the same as those previously defined in the Offer Announcements. This announcement is dated 11 April 2013. | |
ASIAFLE - Interim Dividend
| Company Name | ASIA FILE CORPORATION BHD |
| Stock Name | ASIAFLE |
| Date Announced | 11 Apr 2013 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | CC-130411-9539B |
EKIB - Changes in Director's Interest (S135) - Wong Kong Foo
| Company Name | EMAS KIARA INDUSTRIES BERHAD |
| Stock Name | EKIB |
| Date Announced | 11 Apr 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CK-130410-F6E1A |
Information Compiled By KLSE
Particulars of Director
| Name | Wong Kong Foo |
| Address | 6-2 Solaris Mont’ Kiara Jalan Solaris 3 50480 Kuala Lumpur Wilayah Persekutuan |
| 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) |
Acquired | 1,125,300 | 0.450 | |
Acquired | 12,000 | 0.450 |
| Circumstances by reason of which change has occurred | Pursuant to the Conditional Take-Over Offer by Wong Kong Foo Through Kenanga Investment Bank Berhad |
| Nature of interest | Direct |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 17,116,328 |
| Direct (%) | 19.18 |
| Indirect/deemed interest (units) | 17,299,804 |
| Indirect/deemed interest (%) | 19.38 |
| Date of notice | 11/04/2013 |
EKIB - Changes in Sub. S-hldr's Int. (29B) - Wong Kong Foo
| Company Name | EMAS KIARA INDUSTRIES BERHAD |
| Stock Name | EKIB |
| Date Announced | 11 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CK-130410-F6E2B |
Particulars of substantial Securities Holder
| Name | Wong Kong Foo |
| Address | 6-2 Solaris Mont’ Kiara Jalan Solaris 3 50480 Kuala Lumpur Wilayah Persekutuan |
| NRIC/Passport No/Company No. | 600701-10-7281 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.50 each |
| Name & address of registered holder | Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Wong Kong Foo 8th Floor, Kenanga International Jalan Sultan Ismail 50250 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 09/04/2013 | 1,125,300 | 0.450 |
| Acquired | 10/04/2013 | 12,000 | 0.450 |
KFM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | KUANTAN FLOUR MILLS BHD |
| Stock Name | KFM |
| Date Announced | 11 Apr 2013 |
| Category | General Announcement |
| Reference No | CM-130411-67231 |
| Type | Announcement | ||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||
| Description | KUANTAN FLOUR MILLS BERHAD ( 'KFM" or " the Company') | ||||||||||||
Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that a Director, Mr. Dennis Tow Jun Fye has transacted dealing in the securities of the Company. The details as set out in the table below:
This announcement is dated 11th April 2013. | |||||||||||||
KFM - Changes in Director's Interest (S135) - DENNIS TOW JUN FYE
| Company Name | KUANTAN FLOUR MILLS BHD |
| Stock Name | KFM |
| Date Announced | 11 Apr 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CM-130411-67575 |
Information Compiled By KLSE
Particulars of Director
| Name | DENNIS TOW JUN FYE |
| Address | NO.3, JALAN BUMIPUTERA, STULANG LAUT, 80300 JOHOR BAHRU, JOHOR |
| 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) |
Acquired | 60,000 | 0.310 |
| Circumstances by reason of which change has occurred | ACQUIRED FROM OPEN MARKET |
| Nature of interest | DIRECT |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 6,227,400 |
| Direct (%) | 9.559 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 11/04/2013 |
| Remarks : |
| 1.This announcement served an announcement pursuant to 14.09 of the Main Listing Requirements. 2. The Notice received on 11th April 2013. 3. The 6,227,400 ordinary shares represent 9.559% of the total issued ordinary shares of the Company. |
KFM - Changes in Sub. S-hldr's Int. (29B) - DENNIS TOW JUN FYE
| Company Name | KUANTAN FLOUR MILLS BHD |
| Stock Name | KFM |
| Date Announced | 11 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CM-130411-67758 |
Particulars of substantial Securities Holder
| Name | DENNIS TOW JUN FYE |
| Address | NO.3, JALAN BUMIPUTERA, STULANG LAUT, 80300 JOHOR BAHRU, JOHOR |
| NRIC/Passport No/Company No. | 850819-01-5499 |
| Nationality/Country of incorporation | MALAYSIAN |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF RM0.50 EACH |
| Name & address of registered holder | DENNIS TOW JUN FYE NO.3, JALAN BUMIPUTERA, STULANG LAUT, 80300 JOHOR BAHRU, JOHOR |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 10/04/2013 | 60,000 | 0.310 |
| Remarks : |
| THIS FORM 29B RECEIVED ON 11 APRIL 2013 |
MAHSING - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (Diperbadankan)
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 11 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | MS-130411-A6585 |
Particulars of substantial Securities Holder
| Name | Kumpulan Wang Persaraan (Diperbadankan) |
| Address | Aras 4, 5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | KWAPACT6622007 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | Kumpulan Wang Persaraan (Diperbadankan) ["KWAP"] Aras 4, 5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang, 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 05/04/2013 | 150,000 | |
| Disposed | 05/04/2013 | 703,800 |
| Remarks : |
| Form 29B received on 11 April 2013 |
No comments:
Post a Comment