May 6, 2013

Company announcements: EKIB, THHEAVY, DESTINI, GLOBALC, TNLOGIS, SPSETIA

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

Announcement Type: General Announcement
Company NameEMAS KIARA INDUSTRIES BERHAD  
Stock Name EKIB  
Date Announced6 May 2013  
CategoryGeneral Announcement
Reference NoCK-130506-BD968

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionEmas Kiara Industries Berhad - Dealings in listed securities

Pursuant to Chapter 14 of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), Emas Kiara Industries Berhad (“EKIB”) wishes to announce that Wong Kong Foo, a Director, has given notice of his exempted dealings in the securities of EKIB [Paragraph 14.06 (e) of the MMLR of Bursa Securities] during closed period, the details of which are as set out in the Table below:

Date of Change

Number of Shares Acquired/ (Disposed)

% of the Securities

Transaction Price Per Share (RM)

Remarks

Direct

Indirect

02.05.2013

103,000

-

0.12

0.45

Pursuant to the Conditional Take-Over Offer by Wong Kong Foo through Kenanga Investment Bank Berhad.

03.05.2013

1,000

-

0.00

0.45



EKIB - Changes in Sub. S-hldr's Int. (29B) - Wong Kong Foo

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameEMAS KIARA INDUSTRIES BERHAD  
Stock Name EKIB  
Date Announced6 May 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130506-BD95E

Particulars of substantial Securities Holder

NameWong Kong Foo
Address6-2 Solaris Mont’ Kiara
Jalan Solaris 3
50480 Kuala Lumpur
Wilayah Persekutuan
NRIC/Passport No/Company No.600701-10-7281
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderKenanga 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 transactionDate of change
No of securities
Price Transacted (RM)
Acquired02/05/2013
103,000
0.450 
Acquired03/05/2013
1,000
0.450 

Circumstances by reason of which change has occurredPursuant to the Conditional Take-Over Offer by Wong Kong Foo Through Kenanga Investment Bank Berhad
Nature of interestDirect
Direct (units)18,054,028 
Direct (%)20.23 
Indirect/deemed interest (units)17,299,804 
Indirect/deemed interest (%)19.38 
Total no of securities after change35,353,832
Date of notice06/05/2013


EKIB - Changes in Director's Interest (S135) - Wong Kong Foo

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameEMAS KIARA INDUSTRIES BERHAD  
Stock Name EKIB  
Date Announced6 May 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-130506-BD94B

Information Compiled By KLSE

Particulars of Director

NameWong Kong Foo
Address6-2 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
02/05/2013
103,000
0.450 
Acquired
03/05/2013
1,000
0.450 

Circumstances by reason of which change has occurredPursuant to the Conditional Take-Over Offer by Wong Kong Foo Through Kenanga Investment Bank Berhad
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)18,054,028 
Direct (%)20.23 
Indirect/deemed interest (units)17,299,804 
Indirect/deemed interest (%)19.38 
Date of notice06/05/2013


THHEAVY - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameTH HEAVY ENGINEERING BERHAD  
Stock Name THHEAVY  
Date Announced6 May 2013  
CategoryGeneral Announcement
Reference NoMB-130506-52919

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionTH HEAVY ENGINEERING BERHAD (“THHE” or “Company”)

PROPOSED PRIVATE PLACEMENT OF UP TO 92,797,000 NEW ORDINARY SHARES OF RM0.25 EACH IN THE COMPANY (“PLACEMENT SHARES”) REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF THHE (“PROPOSED PRIVATE PLACEMENT”)
On behalf of the Board of Directors of the THHE, AmInvestment Bank Berhad wishes to announce that the Company proposes to undertake a private placement of up to 92,797,000 new ordinary shares of RM0.25 each in the Company, representing approximately ten percent (10%) of the existing issued and paid-up share capital of the Company.
Further details of the Proposed Private Placement are set out in the attachment.

This announcement is dated 6 May 2013.


DESTINI - OTHERS DESTINI BERHAD ("DESTINI" or "THE COMPANY") - Letter of Award from Ministry of Defence Malaysia

Announcement Type: General Announcement
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced6 May 2013  
CategoryGeneral Announcement
Reference NoCC-130506-51734

TypeAnnouncement
SubjectOTHERS
DescriptionDESTINI BERHAD ("DESTINI" or "THE COMPANY")
- Letter of Award from Ministry of Defence Malaysia

The Board of Directors of Destini Berhad (“Destini” or “the Company”) is pleased to announce that Destini Prima Sdn Bhd (“DPSB”), a wholly-owned subsidiary of Destini, had on 30 April 2013, accepted a letter of award from Ministry of Defence Malaysia for the supply and maintenance of safety survival equipment to the Royal Malaysian Navy for a total contract sum of RM3,000,000.00 (“the Contract”). The Contract is for the period of three (3) years commencing from 30 April 2013 to 31 March 2016.


The Contract is not expected to have any material effects on the share capital and shareholding structure of the Company. However, it is expected to have positive contribution to the earnings per share, net assets per share and gearing of the Destini group.

There are no significant risks other than operational risk associated with the Contract.

None of the Directors and/or substantial shareholders of the Company or persons connected to the said Directors and/or substantial shareholders have any direct or indirect interest in the Contract.


The Board of Directors, after due consideration, is of the opinion that the Contract is in the best interest of the Group. The Contract being incurred in the ordinary course of business, is not subject to the approval of the shareholders.


This announcement is dated 6 May 2013.



DESTINI - Changes in Director's Interest (S135) - Dato' Rozabil @ Rozamujib Bin Abdul Rahman

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced6 May 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130506-1FE19

Information Compiled By KLSE

Particulars of Director

NameDato’ Rozabil @ Rozamujib Bin Abdul Rahman
Address11, Persiaran BLM 5
Bandar Laguna Merbok
08000 Sungai Petani, Kedah
Descriptions(Class & nominal value)Ordinary Share of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
30/04/2013
125,700
0.320 

Circumstances by reason of which change has occurredAcquisition of shares via open market transaction.
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)401,100 
Direct (%)0.11 
Indirect/deemed interest (units)89,000,000 
Indirect/deemed interest (%)24.52 
Date of notice06/05/2013

Remarks :
The change in interest as a result of acquisition of 125,700 shares by Dato’ Rozabil @ Rozamujib Bin Abdul Rahman represents 0.03% of the total issued and paid up capital of the Company.


DESTINI - Changes in Sub. S-hldr's Int. (29B) - DATO' ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced6 May 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130506-1FE0B

Particulars of substantial Securities Holder

NameDATO’ ROZABIL @ ROZAMUJIB BIN ABDUL RAHMAN
Address11, Persiaran BLM 5, Bandar Laguna Merbok
08000 Sungai Petani, Kedah
NRIC/Passport No/Company No.720308-07-5363
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share of RM0.10 each
Name & address of registered holderDato’ Rozabil @ Rozamujib Bin Abdul Rahman
11, Persiaran BLM 5, Bandar Laguna Merbok
08000 Sungai Petani, Kedah

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired30/04/2013
125,700
0.320 

Circumstances by reason of which change has occurredAcquisition of shares via open market transaction.
Nature of interestDirect
Direct (units)401,100 
Direct (%)0.11 
Indirect/deemed interest (units)89,000,000 
Indirect/deemed interest (%)24.52 
Total no of securities after change89,401,100
Date of notice06/05/2013


GLOBALC - OTHERS GLOBAL CARRIERS BHD - FINANCIAL IRREGULARITIES

Announcement Type: General Announcement
Company NameGLOBAL CARRIERS BERHAD  
Stock Name GLOBALC  
Date Announced6 May 2013  
CategoryGeneral Announcement
Reference NoGC-130506-60363

TypeAnnouncement
SubjectOTHERS
DescriptionGLOBAL CARRIERS BHD - FINANCIAL IRREGULARITIES
The Board of Directors of Global Carriers Bhd would like to announce that the Company will not be able to issue its Annual Audited Financial Statements for the financial period from 1 January 2012 to 31 December 2012 ("AAFS") by 30 April 2013, i.e within the period not more than 4 months from the close of the financial period from 1 January 2012 to 31 December 2012 ("Relevant Timeframe") pursuant to paragraph 9.23(2) of Bursa Malaysia Securities Berhad ("Bursa") Main Market Listing Requirements ("MMLR"). Pursuant to Paragraph 9.28 (3) of the MMLR, the Board of Directors wishes to announce the following :
(a) The reason for failing to issue the outstanding AAFS within the Relevant Timeframe is due to unresolved Significant Audit Queries in the accounts of Global Carriers Bhd Group which were recently brought to the attention of the Audit Committee ('AC") and the Board of Directors when the external auditors expressed concerns that they have not been able to obtain sufficient audit evidence to form an opinion for the purpose of issuance of the AAFS.

The AC and the Board have then discussed and met with the external auditors and the Management on the Significant Audit Queries and in view of the likelihood of material misstatement to the financial statements have therefore made a request to Bursa for the suspension of trading of the Company's securities on 7 May 2013.

(b) Pursuant to Paragraph 9.28(5) of the MMLR, if listed issuer fails to issue the AAFS within five (5) market days after the expiry of the Relevant Timeframe i.e 6 May 2013, in addition to any enforcement action that Bursa may take, Bursa shall suspend trading in the securities of the Company on the next market day after the expiry of 5 market days from the Relevant Timeframe and the suspension will be uplifted on the next market day following the issuance of the outstanding AAFS unless otherwise determined by Bursa.

(c) The suspension on trading will be affected on 7 May 2013 if the Company fails to issue the outstanding AAFS within 5 market days after the expiry of the Relevant Timeframe, namely by 6 May 2013.

(d) The Company will issue the AAFS once further information is obtained on the Significant Audit Queries raised by external auditors. The expected date of issuance of the AAFS is on or before 31 May 2013.


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

Announcement Type: General Announcement
Company NameTIONG NAM LOGISTICS HOLDINGS BERHAD  
Stock Name TNLOGIS  
Date Announced6 May 2013  
CategoryGeneral Announcement
Reference NoTN-130506-53618

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionTIONG NAM LOGISTICS HOLDINGS BERHAD
NEW SUBSIDIARY

The Board of Directors is pleased to announce that Tiong Nam Logistics Solutions Sdn. Bhd. a 100% owned subsidiary of Tiong Nam Logistics Holdings Bhd has on 6 May 2013 entered into a Shares Agreement to acquire 500,000 ordinary shares of RM 1.00 each in cash or equivalent to 50% of the issued and fully paid-up capital of Tiong Nam Allied Container Depot Services Sdn. Bhd. from Mr. Lim Quee Huat @ Lim Cha Lee.

The additional information are set out in the attachment below.

This announcement is dated 6 May 2013.




SPSETIA - OTHERS TERMINATION OF THE EXISTING EMPLOYEES’ SHARE OPTION SCHEME (“EXISTING ESOS”) LONG TERM INCENTIVE PLAN (“LTIP”) TO THE ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTORS (“ELIGIBLE EMPLOYEES”) OF S P SETIA AND ITS SUBSIDIARIES

Announcement Type: General Announcement
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced6 May 2013  
CategoryGeneral Announcement
Reference NoC&-130506-61055

TypeAnnouncement
SubjectOTHERS
DescriptionTERMINATION OF THE EXISTING EMPLOYEES’ SHARE OPTION SCHEME (“EXISTING ESOS”)

LONG TERM INCENTIVE PLAN (“LTIP”) TO THE ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTORS (“ELIGIBLE EMPLOYEES”) OF S P SETIA AND ITS SUBSIDIARIES

We refer to the previous announcements in relation to the LTIP, which comprises an employee share option scheme (“ESOS”) and an employee share grant plan (“ESGP”).

The Board of Directors of S P Setia is pleased to announce that S P Setia has implemented the LTIP with effect from 10 April 2013. Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), S P Setia has today made the first award of 79.147 million options (“Options”) under the ESOS and 16.255 million new ordinary shares of RM0.75 each of S P Setia (“Shares”) under the ESGP (collectively referred to as “1st Award”) to the Eligible Employees of S P Setia Group, the details of which are set out in the table below.
 

No.

Description

ESOS

ESGP

1.

Date of 1st Award

6 May 2013

 

2.

Exercise Price

RM3.08

Not applicable as the Shares will be issued upon vesting to the Eligible Employees at no consideration, upon  achieving applicable performance measurements

 

3.

Number of Options/Shares awarded*

 

79.147 million Options

16.225 million Shares

4.

S P Setia Share Price

- volume weighted average price for 5 days prior to the Date of 1st Award


RM3.4159

 

- Closing market price on the Date of 1st Award

 

RM3.72

5.

Vesting period

Over 2 to 3 years from the date of 1st Award, commencing from June 2014

 


Note: * In determining the total number of Options and Shares to be awarded to each Eligible Employee, the LTIP Committee has taken into consideration amongst others, the Eligible Employee’s performance, seniority (denoted by corporate rank), potential for future development and contribution to the success and development of the Group.

The total number of Options and Shares awarded includes 9.6 million Options and 0.336 million Shares awarded to Dato’ Voon Tin Yow, Deputy President & Chief Operating Officer and 8.0 million Options and 0.28 million Shares awarded to Dato’ Teow Leong Seng, Executive Director & Chief Financial Officer. No Options and Shares has been awarded to Tan Sri Dato’ Sri Liew Kee Sin, President & Chief Executive Officer, as he has elected not to participate in the LTIP which is a similar approach he adopted during the Existing ESOS as well.

Pursuant to Paragraph 9.19(50) of the Listing Requirements and the implementation of the LTIP, we wished to announce that the Company’s existing ESOS which became effective 6 May 2009 (“Existing ESOS”), has been terminated on 10 April 2013. The termination of the Existing ESOS is required prior to the implementation of the LTIP for administrative expediency purpose and the total number of Shares issued pursuant to the exercise of options under the Existing ESOS is 136.56 million.

This announcement is dated 6 May 2013.




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