April 30, 2013

Company announcements: SOP, UEMLAND, MBL, IVORY, SUNREIT, KSSC, HIBISCS, PRESBHD, GASMSIA

SOP - Quarterly rpt on consolidated results for the financial period ended 31/3/2013

Announcement Type: Financial Results
Company NameSARAWAK OIL PALMS BERHAD  
Stock Name SOP  
Date Announced30 Apr 2013  
CategoryFinancial Results
Reference NoSO-130426-3BBDE

Financial Year End31/12/2013
Quarter1
Quarterly report for the financial period ended31/03/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2013
31/03/2012
31/03/2013
31/03/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
427,058
228,783
427,058
228,783
2Profit/(loss) before tax
29,304
57,310
29,304
57,310
3Profit/(loss) for the period
21,803
42,946
21,803
42,946
4Profit/(loss) attributable to ordinary equity holders of the parent
21,961
42,992
21,961
42,992
5Basic earnings/(loss) per share (Subunit)
4.83
9.13
9.13
12.84
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 ($$)
2.6900
3.1200
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


UEMLAND - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameUEM LAND HOLDINGS BERHAD  
Stock Name UEMLAND  
Date Announced30 Apr 2013  
CategoryAdditional Listing Announcement (ALA)
Reference NoUL-130424-7304E

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 proposalEMPLOYEE SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTOR(S) OF UEM LAND HOLDINGS BERHAD AND ITS SUBSIDIARIES
No. of shares issued under this corporate proposal428,000
Issue price per share ($$)MYR 2.230
Par Value ($$)MYR 0.500
Latest issued and paid up share capital after the above corporate proposal in the following
Units4,331,720,226
CurrencyMYR 2,165,860,113.000
Listing Date03/05/2013


MBL - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):OTHER ISSUE OF SECURITIES

Announcement Type: General Announcement
Company NameMUAR BAN LEE GROUP BERHAD  
Stock Name MBL  
Date Announced30 Apr 2013  
CategoryGeneral Announcement
Reference NoMI-130430-60791

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
DescriptionMUAR BAN LEE GROUP BERHAD (“MBL” OR “COMPANY”)

PROPOSED ESTABLISHMENT OF AN EMPLOYEES’ SHARE GRANT PLAN (“PROPOSED SGP”)

We refer to the announcements in relation to the Proposed SGP dated 21 January 2013, 12 March 2013 and 23 April 2013.

On behalf of the Board of Directors of MBL, AFFIN Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had via its letter dated 29 April 2013 (which was received on 30 April 2013), approved the listing of such number of new ordinary shares of RM0.50 each in MBL on the Main Market of Bursa Securities, representing up to 10% of the issued and paid-up share capital of MBL (excluding treasury shares) at any point in time during the duration of the Proposed SGP, to be issued pursuant to the Proposed SGP.

This announcement is dated 30 April 2013.



IVORY - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameIVORY PROPERTIES GROUP BERHAD  
Stock Name IVORY  
Date Announced30 Apr 2013  
CategoryChange in Principal Officer
Reference NoCC-130423-42645

Date of change01/05/2013
NameLee Chin Aik
Age43
NationalityMalaysian
Type of changeOthers
DesignationChief Financial Officer
Qualifications
Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer
Any conflict of interests that he/she has with the listed issuer or its subsidiaries
Details of any interest in the securities of the listed issuer or its subsidiaries

Remarks :
Mr Lee Chin Aik who has been promoted as Personal Assistant to the Group Chief Executive Officer will relinquish his position as Chief Financial Officer and take on his new role with effect from 1 May 2013.


IVORY - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameIVORY PROPERTIES GROUP BERHAD  
Stock Name IVORY  
Date Announced30 Apr 2013  
CategoryChange in Principal Officer
Reference NoCC-130422-62815

Date of change02/05/2013
NameTan Leng Hin
Age41
NationalityMalaysian
Type of changeAppointment
DesignationChief Financial Officer
QualificationsBachelor of Arts (Accounting & Finance)
Working experience and occupation Mr Tan started his career in 1994 in one of the big 4 audit firms in Penang and left in 2004 as an Audit Manager. Subsequently, he joined other reputable property development companies in Penang taking up the posts of Group Financial Controller and Financial Controller for approximately 9 years before joining the Ivory Group. As Financial Controller he was primarily in charge of finance, accounting, treasury and taxation.
Family relationship with any director and/or major shareholder of the listed issuerNil
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNil
Details of any interest in the securities of the listed issuer or its subsidiariesNil

Remarks :
Mr Tan Leng Hin's appointment as Chief Financial Officer will be effective from 2 May 2013.


SUNREIT - 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 NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT  
Date Announced30 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSR-130430-5A190

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 incorporationMalaysia
Descriptions (Class & nominal value)Units in Sunway Real Estate Investment Trust
Name & address of registered holder1. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board of Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
2. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ALLIANCE) of Tingkat 22, Menara Multi-Purpose, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur
3. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (HDBS) of Suite 12-3, 12th Floor, Menara Keck Seng, 203 Jalan Bukit Bintang, 55100 Kuala Lumpur
4. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA) of Suite No. 16.2, Level 16, Menara IMC, No. 8, Jalan Sultan Ismail, 50250 Kuala Lumpur
5. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON) of Suite 31-02, 31st Floor, Menara Keck Seng, 203, Jalan Bukit Bintang, 55100 Kuala Lumpur
6. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AMUNDI) of Amundi Asset Management, Middle Office, 168 Robinson Road, #24-01 Capital Tower, Singapore 068912
7. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB) of Kenanga Investors Berhad, Suite 12.02, 12th Floor, Kenanga International, Jalan Sultan Ismail, 50250 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired25/04/2013
700,200
 

Circumstances by reason of which change has occurredAcquisition of equity managed by Portfolio Manager, Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Nature of interestDirect interest
Direct (units)318,347,500 
Direct (%)10.91 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change318,347,500
Date of notice26/04/2013

Remarks :
1. The direct interest of 318,347,500 units are held as follows:-
a) 229,482,200 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board.
b) 6,888,100 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AMUNDI).
c) 1,327,300 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB).
d) 25,155,400 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (HDBS).
e) 2,900,000 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ALLIANCE).
f) 49,040,400 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA).
g) 3,554,100 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON).

2. The Form 29B dated 26 April 2013 was received on 30 April 2013.


KSSC - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameK.SENG SENG CORPORATION BERHAD  
Stock Name KSSC  
Date Announced30 Apr 2013  
CategoryGeneral Announcement
Reference NoCC-130403-52682

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPROPOSED DISPOSAL OF A PIECE OF FREEHOLD INDUSTRIAL LAND HELD UNDER GERAN 129558, LOT 11431, MUKIM SETUL, DAERAH SEREMBAN, NEGERI SEMBILAN MEASURING 4.349 HECTARE

Further to the announcement made on 12 April 2013 pertaining to the disposal of land by K. Seng Seng Industries Sdn Bhd ("KSSI") a wholly-owned subsdiary of K. Seng Seng Corporation Berhad ("the Company"), the Company wishes to announce that KSSI has identified the purchaser.

KSSI has on 30 April 2013 entered into a Sale and Purchase Agreement with Wong Choon Wah, Wong Choon Wai and Wong Mei Ling ("the Purchaser") for the disposal of a piece of freehold industrial land owned by KSSI for a cash consideration of RM15,447,979 ("Proposed Disposal").

The Proposed Disposal is subject to shareholders' approval, to be advised in due course.

The details of the Proposed Disposal is attached herein.



HIBISCS - Changes in Sub. S-hldr's Int. (29B) - Mercury Pacific Marine Pte Ltd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHIBISCUS PETROLEUM BERHAD  
Stock Name HIBISCS  
Date Announced30 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130430-58303

Particulars of substantial Securities Holder

NameMercury Pacific Marine Pte Ltd
Address20A, Circular Road, Singapore 049376
NRIC/Passport No/Company No.200608531M
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary Shares at RM0.01 each
Name & address of registered holderRHB Capital Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Perintis Muhibah Sdn Bhd
RHB Bank Berhad of 2nd Floor, Level 3A, Tower 1, RHB Centre, Jalan Tun Razak, Kuala Lumpur, Malaysia

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired22/04/2013
70,000
 
Acquired24/04/2013
71,000
 
Acquired25/04/2013
116,900
 
Acquired26/04/2013
93,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Section 6A of the Companies Act, 1965
Nature of interestIndirect
Direct (units)24,507,700 
Direct (%)5.562 
Indirect/deemed interest (units)4,656,000 
Indirect/deemed interest (%)1.057 
Total no of securities after change29,163,700
Date of notice30/04/2013


PRESBHD - Memorandum of Agreement entered between GEMS Malaysia Sdn. Bhd. and Prestariang Systems Sdn. Bhd., a wholly owned subsidiary of Prestariang

Announcement Type: General Announcement
Company NamePRESTARIANG BERHAD  
Stock Name PRESBHD  
Date Announced30 Apr 2013  
CategoryGeneral Announcement
Reference NoCS-130430-40EE0

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDYL-130426-38661
SubjectMemorandum of Agreement entered between GEMS Malaysia Sdn. Bhd. and Prestariang Systems Sdn. Bhd., a wholly owned subsidiary of Prestariang
DescriptionPRESTARIANG BERHAD ("PRESTARIANG" OR "THE COMPANY")
Memorandum of Agreement ("MOA") entered between GEMS Malaysia Sdn. Bhd. ("GEMS") and Prestariang Systems Sdn. Bhd. ("PSSB"), a wholly owned subsidiary of Prestariang
Query Letter Contents
We refer to the query letter dated 29 April 2013 from Bursa Malaysia Securities Berhad ("Bursa Securities").

Further to the announcement dated 24 April 2013, the Board of Directors of the Company wish to provide the following additional information pertaining to the MOA:-


Reply to Query (1) - The tenure of the MOA.

One (1) year from the commencement of the training under GEMS 2.0 - O&G Sector program.
    Reply to Query (2) - Whether the MOA is renewable.

    There is no clause on renewable of the MOA as this is a pilot project.

    Reply to Query (3) - The risks in relation to the MOA.

    Advances In Technologies And Products

    The generally rapid rate of technological advances in ICT products and services may lead to the rapid obsolescence in ICT training and certification courses that are focused on outdated technologies and products. There is a risk on the demand for certifications may decline as newer technologies are developed and introduced.

    The ICT industry is dynamic and is constantly evolving. As technologies become obsolete, new or improved technologies and products will be created to replace them. These new and improved technologies will continue to provide business opportunities. Operators in the ICT industry that constantly review and update their products and services to meet evolving technologies and product changes will continue to be relevant to meet the needs of the ICT industry and users of ICT.

    Political and Economic Risks

    The program’s operation may be affected by new development in political situation and economic conditions in Malaysia. Such uncertainties include but are not limited to changes in the political leadership, slowdown in economy, new policies and regulations which may impose and/or increase restrictions in the conduct of business.

    Notwithstanding the macro uncertainties which are beyond our control, we believe that the recent ICT led initiatives by our Government to promote talent development specifically in the Oil & Gas ("O&G") industry within the local graduate communities will contribute positively to our Group's business prospect.

    Reply to Query (4) - The companies defined as Host Companies.

    The term “Host Companies” is defined as the participating O&G sector to host the trainees and deliver the on-the-job training during the training period.

    Currently, we have just started working out the details of the MOA and are in the process of identifying the host companies as our partners

    This Announcement is dated 30 April 2013.



    GASMSIA - 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 NameGAS MALAYSIA BERHAD  
    Stock Name GASMSIA  
    Date Announced30 Apr 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoGM-130430-38494

    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 incorporationMalaysian
    Descriptions (Class & nominal value)Ordinary Share of RM0.50 each
    Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
    Aras 4,5&6, Menara Yayasan Tun Razak
    200, Jalan Bukit Bintang
    55100 Kuala Lumpur

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Disposed22/04/2013
    290,600
     

    Circumstances by reason of which change has occurredDisposal of shares in open market by KWAP.
    Nature of interestDirect
    Direct (units)69,501,100 
    Direct (%)5.41 
    Indirect/deemed interest (units)250,000 
    Indirect/deemed interest (%)0.019 
    Total no of securities after change69,751,100
    Date of notice29/04/2013

    Remarks :
    The Company received notice from KWAP on 30 April 2013.


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