Company announcements: OPCOM, TEXCYCL, SKPETRO, DIJACOR, PETONE, TRIUMPL

OPCOM - OTHERS Revocation of Letter of Award for the Supply and Delivery of Single Mode Optical Fiber Cables and Other Cables from Telekom Malaysia Berhad

Announcement Type: General Announcement

Company Name	OPCOM HOLDINGS BERHAD (ACE Market)
Stock Name	OPCOM
Date Announced	4 Apr 2013
Category	General Announcement
Reference No	OH-130404-64802

Type	Announcement
Subject	OTHERS
Description	Revocation of Letter of Award for the Supply and Delivery of Single Mode Optical Fiber Cables and Other Cables from Telekom Malaysia Berhad
Opcom Holdings Berhad ("the Company") had announced that its subsidiary, Opcom Cables Sdn. Bhd. ("OCSB") accepted a RM92.5 million Letter of Award from Telekom Malaysia Berhad ("Telekom") on 9 October 2012 for the supply and delivery of single mode optical fiber cables and other cables to Telekom for a period of three (3) years commencing from 28 September 2012 to 27 September 2015 ("Award"). The Company wishes to announce that OCSB has received a Letter of Revocation from Telekom to the said Award on 3 April 2013. OCSB is currently in discussion with Telekom with the intention of negotiating a reinstatement of the Award or any such variation thereof back to OCSB. This announcement is dated 4 April 2013.

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TEXCYCL - YUSSERI BIN SAID VS TEX CYCLE TECHNOLOGY (M) BERHAD ("TEXCYCL") Civil Suit No. 22NCVC-1469-12/2012 ('Suit")

Announcement Type: General Announcement

Company Name	TEX CYCLE TECHNOLOGY (M) BERHAD (ACE Market)
Stock Name	TEXCYCL
Date Announced	4 Apr 2013
Category	General Announcement
Reference No	CC-130404-CB42F

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	NS-130403-39089
Subject	YUSSERI BIN SAID VS TEX CYCLE TECHNOLOGY (M) BERHAD ("TEXCYCL") Civil Suit No. 22NCVC-1469-12/2012 ('Suit")
Description	TEX CYCLE TECHNOLOGY (M) BERHAD ("the Company") - Yusseri bin Said ("the Plaintiff") v. Tex Cycle Technology (M) Berhad ("the Defendant") Civil Suit No. 22NCVC-1469-12/2012
Query Letter Contents	We refer to your announcement dated 2 April 2013 in respect of the above captioned matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release :- 1. The particulars of the claim under the Suit, including the amount claimed for and the interest rate. 2. The details of the default or circumstances leading to the filing of the Suit against TEXCYCL. 3. The financial and operational impact of the Suit/Judgement on TEXCYCL Group. 4. The expected losses, if any arising from the Suit/Judgement. 5. The steps taken and proposed to be taken by TEXCYCL in respect of the Suit/Judgement. Kindly furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully TAN YEW ENG Head, Issuers Listing Division Regulation TYE/NZ c.c:- Head, Market Surveillance Department, Market Supervision Division, Securities Commission (via fax)
We refer to Bursa Malaysia Securities Berhad’s query letter dated 3 April 2013 and the Company’s announcement dated 2 April 2013 in respect of the above subject matter and are pleased to furnish the following additional information for public release:- 1. The particulars of the claim under the Suit, including the amount claimed for and the interest rate. En. Yusseri claims a sum of RM500,000 as a compensation for unfair dismissal, RM45,254.75 as amount owing to him with interest of 5% until full settlement and a default legal cost of RM2,018. 2. The details of the default or circumstances leading to the filing of the Suit against TEXCYCL. On 12 October 2012, Metro Koats Technology Sdn Bhd (“Metro Koats”) (a subsidiary of TEXCYCL) has filed in the court of law, to retrieve a vehicle owned by Metro Koats, which was in the possession of En. Yusseri Bin Said after he resigned as a director of the Company according to the minutes of the special board meeting of the Company dated 23 December 2011 (“the Claim”). On 3 December 2012, En. Yusseri counterclaimed against the Company for an arbitrary sum of RM500,000 to be compensation for his removal as a director of Metro Koats, and a sum of RM45,254.75 being amount owing to him which is already recognized in the books of the Company (“the Counter Claim”). During the Case Management hearing on 10 January 2013 at the High Court, the trial judge decided that both the Claim and Counter Claim should be combined and heard concurrently on 3 April 2013. However, before the Case Management, on 13 December 2012, En. Yusseri filed an identical claim in another court which deceived us into thinking that it is the ongoing case that will be heard on 3 April 2013. In fact, such double claim or “res judicata” is unlawful and generally regarded as an abuse of the process of the court. Consequently, judgment in default is obtained in one of the courts on 1 April 2013 while the full trial on the identical case would be heard in another court on another day, 3 April 2013. After the full day trial, the court will give a decision on 17 April 2013. 3. The financial and operational impact of the Suit/Judgment on TEXCYCL Group. The financial impact of the Suit/Judgment on TEXCYCL Group will be the expected loss of RM502,018, if any. RM502,018 represents 10.27% of the Group’s profit after tax and 1.04% of the NTA of the Group (based on year 2011 audited accounts). RM502,018 also represents 0.79% of the market capitalization of the Group (based on today 4th April 2013 10.21 a.m. TEXCYCL share price). Other than the above estimated financial impact, there are no other financial and operational impact as the Suit on TEXCYCLE Group is not an operational matter. 4. The expected losses, if any arising from the Suit/Judgment. The maximum expected losses from the judgment, if any, is RM500,000 and default legal costs of RM2,018.00, with a total of RM502,018. RM45,254.75 is an amount owing to En. Yusseri that was already recognized in the books of the Company. 5. The steps taken and proposed to be taken by TEXCYCLE in respect of the Suit/Judgment. The Company’s solicitor had, on behalf of the Company, filed to set aside the Judgment in default on 2 April 2013. Subsequently, the Company’s lawyer has on today, 4 April 2013 obtained the stay of execution whereby the Plaintiff, En. Yusseri, cannot use the Judgment until setting aside the application is heard and decided by the court on 29 May 2013. This announcement is dated 4 April 2013.

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SKPETRO - MULTIPLE PROPOSALS

Announcement Type: General Announcement

Company Name	SAPURAKENCANA PETROLEUM BERHAD
Stock Name	SKPETRO
Date Announced	4 Apr 2013
Category	General Announcement
Reference No	MI-130404-64708

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	SAPURAKENCANA PETROLEUM BERHAD (FORMERLY KNOWN AS SAPURA-KENCANA PETROLEUM BERHAD) (“SKPB” OR “COMPANY”) (I) PROPOSED COMBINATION AND INTEGRATION OF THE RESPECTIVE TENDER RIG BUSINESSES OF SKPB AND SEADRILL LIMITED BY WAY OF THE ACQUISITION BY SAPURAKENCANA DRILLING PTE LTD (“SKDPL”), A WHOLLY-OWNED SUBSIDIARY OF SKPB, OF: (A) THE ENTIRE ISSUED SHARE CAPITAL OF SEADRILL TENDER RIG LTD (“STRL”) (“STRL SHARES”); AND (B) 94% OF THE ISSUED SHARE CAPITAL OF PT NORDRILL INDONESIA (“PTNI”); AND (COLLECTIVELY REFERRED TO AS “PROPOSED TRANSACTION”) (II) PROPOSED PLACEMENT OF 587.0 MILLION NEW ORDINARY SHARES OF RM1.00 EACH IN SKPB (“SKPB SHARES”) AT AN ISSUE PRICE OF RM2.80 PER SKPB SHARE (“PROPOSED PLACEMENT”) (COLLECTIVELY REFERRED TO AS “PROPOSALS”)
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 8 February 2013 in relation to, amongst others, the Proposed Transaction.) Reference is made to the announcements dated 8 February 2013, 13 February 2013, 19 March 2013, 25 March 2013 and 3 April 2013 in relation to, amongst others, the Proposed Transaction. On behalf of the Board, CIMB Investment Bank Berhad (“CIMB”) and Maybank Investment Bank Berhad (“Maybank IB”) wish to announce that the Company, SKDPL and Seadrill had via an exchange of letter dated 3 April 2013 agreed to vary certain terms of the SPA. These changes include, amongst others, permitting SKDPL to nominate a Labuan entity to acquire the issued share capital of PTNI. Following such amendment, SapuraKencana Drilling Pte Ltd, a wholly-owned subsidiary of the Company incorporated in Labuan on 1 April 2013 will be acquiring 94% of the issued share capital of PTNI for a purchase consideration of USD2.28 million (RM7.12 million) (“Letter”). In addition, on behalf of the Board, CIMB Investment Bank Berhad and Maybank Investment Bank Berhad are pleased to announce that Bursa Securities had, vide its letter dated 4 April 2013, granted its approval for the listing of the Consideration Shares and new SKPB Shares to be issued in relation to the Proposed Placement on the Main Market of Bursa Securities subject to the following conditions: (i) SKPB, Maybank IB and CIMB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals; (ii) SKPB. Maybank IB and CIMB to inform Bursa Securities upon completion of the Proposals; (iii) SKPB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed; and (iv) Maybank IB and CIMB must submit to Bursa Securities the placees’ details in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable before the listing of the new shares to be issued pursuant to the Proposed Placement. The Letter is available for inspection at the Company’s corporate office at Level 6, Menara SapuraKencana Petroleum, Solaris Dutamas, 1, Jalan Dutamas 1, 50480 Kuala Lumpur during normal business hours from Monday to Friday (excluding public holidays) for a period of 3 months from the date of this announcement. This announcement is dated 4 April 2013.

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DIJACOR - Changes in Director's Interest (S135) - DATO' DICKSON TAN YONG LOONG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965

Company Name	DIJAYA CORPORATION BERHAD
Stock Name	DIJACOR
Date Announced	4 Apr 2013
Category	Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference No	DC-130403-60732

Information Compiled By KLSE

Particulars of Director

Name	DATO' DICKSON TAN YONG LOONG
Address	No. 8, Jalan TR 5/2 Tropicana Golf & Country Resort 47410 Petaling Jaya Selangor Darul Ehsan
Descriptions(Class & nominal value)	Ordinary shares of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	01/04/2013	481,171
Disposed	02/04/2013	10,000
Disposed	03/04/2013	10,000

Circumstances by reason of which change has occurred	Disposal of shares in the open market.
Nature of interest	Direct Interest
Consideration (if any)

Total no of securities after change
Direct (units)	498,900
Direct (%)	0.058
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	03/04/2013

Remarks :

The notice was received on 4 April 2013. This announcement is made on 4 April 2013.

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PETONE - PRACTICE NOTE 1 / GUIDANCE NOTE 5:NEW DEFAULT

Announcement Type: General Announcement

Company Name	PETROL ONE RESOURCES BERHAD
Stock Name	PETONE
Date Announced	4 Apr 2013
Category	General Announcement
Reference No	CS-130404-EFA54

Type	Announcement
Subject	PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT
Description	PETROL ONE RESOURCES BERHAD (“THE COMPANY” OR “PETONE”) - NOTICE OF TERMINATION & RECALL - BAI' BITHAMIN AJIL FACILITY UP TO USD17,600,000.00 GRANTED BY BANK MUAMALAT MALAYSIA BERHAD TO ONE PETROLEUM (L) LTD (INDIRECT WHOLLY-OWNED SUBSIDIARY COMPANY)
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the announcement dated 3 April 2013 in relation to the PN1 announcement. Further to the announcements made on 11 March 2013, 13 March 2013, 3 April 2013 and pursuant to PN1 and PN17 of the Main LR of Bursa Securities, the Board of PETONE ("Board") wishes to clarify further on the following details. (i) Date of default OPLL had defaulted on the BBA Facility on 19 March 2013. The management of PETONE had since commenced negotiations with BMMB for an extension of time to make the necessary loan repayment, however, OPLL had on 2 April 2013 received a Notice from BMMB. (ii) Reason of default in payment OPLL's principal activities include the provision of storage facilities for oil and gas products ("Products") and related services. OPLL faced a delay in commencing its floating storage contract as its counterparty is facing difficulties in procuring the Products for storage. The contract is expected to commence in approximately two (2) months from this announcement. (iii) Business and financial implications The management of PETONE is in the midst of discussions with BMMB to restructure and reschedule its financial commitment towards the repayment of the BBA Facility. Failing which, the default may affect the Group’s business operations. (iv) Solvency Declaration A board resolution had been passed today and the majority of its Directors are of the opinion that the Company is solvent, based on the favourable outlook of the comprehensive restructuring exercise that PETONE is currently undertaking to regularise its PN17 status. As such, the Board will provide a Solvency Declaration to Bursa Malaysia within three (3) market days from the date of this announcement. This announcement is dated 4 April 2013.

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TRIUMPL - SUSPENSION OF SECURITIES

Announcement Type: General Announcement

Company Name	TRIUMPHAL ASSOCIATES BHD
Stock Name	TRIUMPL
Date Announced	4 Apr 2013
Category	General Announcement
Reference No	CC-130404-61770

Type	Announcement
Subject	SUSPENSION OF SECURITIES
Description	We wish to announce that the Board of Directors of Triumphal Associates Berhad (“TAS or “the Company”) has requested Bursa Malaysia Securities Berhad for a suspension of trading of the securities of TAS from 9.00 a.m. to 5.00 p.m. on 5 April 2013 pending the release of a material announcement. The request for suspension is made under subparagraph 3.1(b) of Practice Note No. 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. This announcement is dated 4 April 2013.

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TRIUMPL - TRIUMPL-Suspension of Trading

Announcement Type: Listing Circular

Company Name	TRIUMPHAL ASSOCIATES BHD
Stock Name	TRIUMPL
Date Announced	4 Apr 2013
Category	Listing Circular
Reference No	NM-130404-62253

LISTING'S CIRCULAR NO. L/Q : 67478 OF 2013

Kindly be advised that at the request of the above Company, trading in its shares will be suspended with effect from 9.00 a.m., Friday, 5 April 2013 pending an announcement..

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