April 22, 2013

Company announcements: PMCORP, KNM, DESTINI, TSH, JETSON, BONIA, ITRONIC

PMCORP - Changes in Sub. S-hldr's Int. (29B) - Cherubim Investment (HK) Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePAN MALAYSIA CORPORATION BERHAD  
Stock Name PMCORP  
Date Announced22 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPM-130422-BBF1B

Particulars of substantial Securities Holder

NameCherubim Investment (HK) Limited
AddressUnit 1802, 18/F, Tower 1, Enterprise Square, No. 9, Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong
NRIC/Passport No/Company No.303711
Nationality/Country of incorporationHong Kong
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderOriental Omega Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/04/2013
14,000,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Section 6A(4)(c) of the Companies Act, 1965
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change442,304,500
Date of notice22/04/2013


PMCORP - Changes in Sub. S-hldr's Int. (29B) - Oriental Omega Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePAN MALAYSIA CORPORATION BERHAD  
Stock Name PMCORP  
Date Announced22 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPM-130422-42496

Particulars of substantial Securities Holder

NameOriental Omega Sdn Bhd
AddressUnit 3, 191, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.226256-U
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderOriental Omega Sdn Bhd
Unit 3, 191, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/04/2013
14,000,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change50,268,000
Date of notice22/04/2013


PMCORP - Changes in Sub. S-hldr's Int. (29B) - Pan Malaysian Industries Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePAN MALAYSIA CORPORATION BERHAD  
Stock Name PMCORP  
Date Announced22 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPM-130422-4A4B7

Particulars of substantial Securities Holder

NamePan Malaysian Industries Berhad
AddressUnit 3, 191, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.5138-W
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderOriental Omega Sdn Bhd
Unit 3, 191, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/04/2013
14,000,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Section 6A(4) of the Companies Act, 1965
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change442,304,500
Date of notice22/04/2013


KNM - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameKNM GROUP BERHAD  
Stock Name KNM  
Date Announced22 Apr 2013  
CategoryGeneral Announcement
Reference NoKG-130422-64501

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionShah Alam High Court (Commercial Division)
Case Suit No.: 28-179-04/2013
Mission Biofuels Sdn Bhd (Petitioner) vs KNM Process Systems Sdn Bhd (Respondent)
On late evening of 19 April 2013, KNM Group Berhad's wholly-owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS”) was served with a Petition for winding-up under Section 218(1)(e) & (i) and Section 218(2)(c) of the Companies Act 1965 (the “Act”) dated 15 April 2013 by Mission Biofuels Sdn Bhd (“Mission”) purportedly in respect of works done by KNM Process Systems Sdn Bhd pursuant to an EPCC-Engineering, Procurement, Construction and Commissioning Contract (“EPCC”) dated 25 July 2007 for “The design, engineering, procurement, manufacture, supply, erection, construction, installation, completion, testing and commissioning of a continuous Acid Conditioning and Silica Pretreatment, FFA pre-treatment and Methyl Ester Transesterification Plant with biodiesel output of 750 tpd (250,000) tpa and 98% pure technical grade glycerine output of 82 tpd (27,308 tpa) along with the associated balance of plant at Kuantan Port, Malaysia"(“Project”).

The said Petition is fixed for hearing on 18 July 2013.

By this Petition, Mission alleges that KNMPS is allegedly indebted to them for the sum of RM12.2 million together with interest and cost being the alleged Liquidated Ascertained Damages claimed by Mission as a result of KNMPS’s purported failure to achieve Final Performance Acceptance under the EPCC.

KNMPS has previously filed various proceedings against Mission, namely suit no. KLHC 22NCC-320-03/2012 for outstanding payments in excess of RM49.9 million being outstanding payments due and owing by Mission to KNMPS under the EPCC and further, the Kuala Lumpur High Court vide suit no. KLHC 24NCC(ARB)-33-08/2012 on 25 October 2012, has by a Consent Order, ordered that Mission deposit the sum of AUD4 million pending the resolution of KNMPS’s claim via arbitration as provided for under the EPCC.

As previously announced on 9 November 2012, KNM has vide suit no. SAHC 28-461-11/2012, also filed a winding up petition based on the insolvency of Mission. The Shah Alam High Court had on 12 March 2013 dismissed KNMPS’s petition and KNMPS has appealed to the Court of Appeal against the decision.

KNMPS therefore deems the present Petition by Mission against KNMPS as nothing but retaliatory in nature.

It is also relevant to note that Mission:-

(a) did not obtain any judgment from the Court on the amount which is allegedly due and owing to them by KNMPS; nor

(b) make a demand on KNMPS as prescribed under the Section 218(2)(a) of the Act before proceeding with the filing of the said Petition.

In light of the above, KNMPS’s solicitors are of the opinion that Mission’s action in filing the said Petition is not only frivolous and vexatious but is also tainted with malicious intent and a clear and blatant abuse of process. Hence, KNMPS has today, 22 April 2013 filed an Injunction to restrain Mission from proceeding further with the Petition and will also be applying to strike-out the Petition as, among other things, an abuse of process.

There is no impact to the Group arising from this Petition. As advised by its solicitors, KNMPS and the KNM Group expressly reserves all rights to claim against Mission and/or its solicitors for damages arising from what KNMPS deems a malicious prosecution and read in context, a clear and blatant abuse of process.

This announcement is dated 22 April 2013.


DESTINI - PRACTICE NOTE 17 / GUIDANCE NOTE 3:OTHERS

Announcement Type: General Announcement
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced22 Apr 2013  
CategoryGeneral Announcement
Reference NoCC-130422-67266

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
DescriptionDESTINI BERHAD ("DESTINI" OR THE "COMPANY")
-PROPOSED RESTRUCTURING SCHEME

Reference is made to the Company's announcement dated 1 April 2013.

The Board of Directors of Destini Berhad (“Destini” or the “Company”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 22 April 2013, approved the application for an upliftment from being classified as a Practice Note 17 Company under the Main Market Listing Requirements of Bursa Securities. As a result thereof, the upliftment of the Company from the PN17 status will be effective on 23 April 2013.

This announcement is dated 22 April 2013.



TSH - Changes in Sub. S-hldr's Int. (29B) - Datuk (Dr.) Kelvin Tan Aik Pen

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTSH RESOURCES BERHAD  
Stock Name TSH  
Date Announced22 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTR-130419-62409

Particulars of substantial Securities Holder

NameDatuk (Dr.) Kelvin Tan Aik Pen
AddressMenara TSH
No. 8 Jalan Semantan
Damansara Heights
50490 Kuala Lumpur
NRIC/Passport No/Company No.570907-10-6095
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderAlliancegroup Nominees (Tempatan) Sdn Bhd
- Pledged securities account for Tan Aik Pen
6th Floor, Menara Multi-Purpose Capital Square
8 Jalan Munshi Abdullah
50100 Kuala Lumpur

Amsec Nominees (Tempatan) Sdn Bhd
- Pledged securities account - Ambank (M) Berhad for Tan Aik Pen
15th Floor, Bangunan Ambank Group
55 Jalan Raja Chulan
50200 Kuala Lumpur

ECML Nominees (Tempatan) Sdn Bhd
- Pledged securities account for Tan Aik Pen
Ground Floor, Bangunan ECM Libra
8 Jalan Damansara Endah
Damansara Heights
50490 Kuala Lumpur

HSBC Nominees (Tempatan) Sdn Bhd
- Pledged securities account for Tan Aik Pen
2 Jalan Lebuh Ampang
50100 Kuala Lumpur

RHB Capital Nominees (Tempatan) Sdn. Bhd.
- Pledged securities account for Tan Aik Pen
Level 3A, Tower One RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur

RHB Capital Nominees (Tempatan) Sdn. Bhd.
- Tan Aik Pen
Level 3A, Tower One RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur

Tan Aik Pen
Menara TSH, No. 8 Jalan Semantan
Damansara Heights

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired19/04/2013
50,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units)103,906,826 
Direct (%)12.45 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change103,906,826
Date of notice22/04/2013


JETSON - Annual Audited Accounts - 31 December 2012

Announcement Type: PDF Submission
Company NameKUMPULAN JETSON BERHAD  
Stock Name JETSON  
Date Announced22 Apr 2013  
CategoryPDF Submission
Reference NoKJ-130422-61548

SubjectAnnual Audited Accounts - 31 December 2012


BONIA - Changes in Director's Interest (S135) - Chiang Fong Yee

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced22 Apr 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoBC-130419-9E24B

Information Compiled By KLSE

Particulars of Director

NameChiang Fong Yee
Address23, Jalan Jaya, Taman Midah
Cheras, 56000 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)
Acquired
18/04/2013
229,300
1.920 

Circumstances by reason of which change has occurredAcquisition of 229,300 shares through open market
Nature of interestDirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)1,122,400 
Direct (%)0.56 
Indirect/deemed interest (units)35,070,300 
Indirect/deemed interest (%)17.4 
Date of notice22/04/2013

Remarks :
(1) Deemed Interest are shares held through Freeway Team Sdn Bhd and his spouse.
(2) The above acquisition representing 0.1138% of the total issued shares of the Company.
(3) This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements for dealings during outside closed period.


ITRONIC - Changes in Sub. S-hldr's Int. (29B) - Christian Kwok-Leun Yau Heilesen (Amended Announcement)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced22 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-130422-491CF

Particulars of substantial Securities Holder

NameChristian Kwok-Leun Yau Heilesen
Address29 Floor, One Kowloon, 1 Wang Yuen Street, Kowloon Bay, Hong Kong
NRIC/Passport No/Company No.204893890
Nationality/Country of incorporationDanish
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderChristian Kwok-Leun Yau Heilesen
29 Floor, One Kowloon, 1 Wang Yuen Street, Kowloon Bay, Hong Kong

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired20/02/2013
626,000
 

Circumstances by reason of which change has occurredAcquisition in open market
Nature of interestDirect Interest
Direct (units)3,985,600 
Direct (%)4.23 
Indirect/deemed interest (units)4,270,500 
Indirect/deemed interest (%)4.54 
Total no of securities after change8,256,100
Date of notice22/04/2013

Remarks :
The total number of ordinary shares acquired by Mr. Christian Kwok-Leun Yau Heilesen on 20 February 2013 was 626,000 Ordinary Shares of RM0.50 each instead of 856,000 Ordinary shares of RM0.50 each.


ITRONIC - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced22 Apr 2013  
CategoryChange in Boardroom
Reference NoCS-130422-491CE

Date of change22/04/2013
NameChristian Kwok-Leun Yau Heilesen
Age30
NationalityDanish
Type of changeAppointment
DesignationChairman & Executive Director
DirectorateExecutive
QualificationsNil 
Working experience and occupation Founder and CEO of Funmobile Holding Ltd. 
Directorship of public companies (if any)GPRO Technologies Berhad  
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiaries1. 3,985,600-Direct Interest
2. 4,270,500-Indirect Interest 


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