May 29, 2013

Company announcements: KKB, HWGB, LEBTECH, WCT, UBB, FARMBES

KKB - Changes in Sub. S-hldr's Int. (29B) - Dato Kho Kak Beng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKKB ENGINEERING BERHAD  
Stock Name KKB  
Date Announced29 May 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130529-8A45B

Particulars of substantial Securities Holder

NameDato Kho Kak Beng
AddressNo. 14, Jalan Three Hills Park, Off Jalan Pending, 93300 Kuching, Sarawak
NRIC/Passport No/Company No.430729-13-5023
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderKho Kak Beng Holding Company Sdn. Bhd.
No. 22, 4th Floor, Jalan Tunku Abdul Rahman, 93100 Kuching, Sarawak

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/05/2013
10,000
2.010 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial interest in Kho Kak Beng Holding Company Sdn. Bhd.
Nature of interestIndirect Interest
Direct (units)4,742,480 
Direct (%)1.84 
Indirect/deemed interest (units)103,312,720 
Indirect/deemed interest (%)40.08 
Total no of securities after change108,055,200
Date of notice29/05/2013

Remarks :
(i) 4,742,480 shares are registered in the name of Dato Kho Kak Beng.
(ii) Deemed interested by virtue of 103,312,720 shares held by Kho Kak Beng Holding Company Sdn. Bhd. in which Dato Kho Kak Beng has substantial interest.

KKB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameKKB ENGINEERING BERHAD  
Stock Name KKB  
Date Announced29 May 2013  
CategoryGeneral Announcement
Reference NoCC-130529-89A78

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09 of the Main Market Listing Requirements, KKB Engineering Berhad ("the Company") wishes to announce that the Company has received notifications dated 29 May 2013 from the following directors of the Company as outlined below:

(1) Dato Kho Kak Beng
Date of Acquisition
Nature of dealing
Consideration (RM)
No. of shares acquired
23 May 2013
Indirect Interest
- Acquisition through open market by Kho Kak Beng Holding Company Sdn. Bhd.		 RM20,100.00
10,000 (0.00%)

(2) Kho Pok Tong
Date of Acquisition
Nature of dealing
Consideration (RM)
No. of shares acquired
23 May 2013
Indirect Interest
- Acquisition through open market by Kho Kak Beng Holding Company Sdn. Bhd.		 RM20,100.00
10,000 (0.00%)


(3) Kho Poh Lin
Date of Acquisition
Nature of dealing
Consideration (RM)
No. of shares acquired
23 May 2013
Indirect Interest
- Acquisition through open market by Kho Kak Beng Holding Company Sdn. Bhd.		 RM20,100.00
10,000 (0.00%)

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

Announcement Type: General Announcement
Company NameHO WAH GENTING BERHAD  
Stock Name HWGB  
Date Announced29 May 2013  
CategoryGeneral Announcement
Reference NoOS-130529-70661

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionHO WAH GENTING BERHAD (“HWGB” OR “THE COMPANY”)

PRIVATE PLACEMENT OF UP TO 53,728,400 NEW ORDINARY SHARES OF RM0.20 EACH IN HWGB TO INDEPENDENT THIRD PARTY INVESTORS TO BE IDENTIFIED (“PRIVATE PLACEMENT”)

On behalf of the Board of Directors of HWGB, M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that pursuant to Bursa Malaysia Securities Berhad’s (“Bursa Securities”) approval letter dated 27 May 2013 in relation to the listing of and quotation for up to 53,728,400 new HWGB Shares to be issued pursuant to the Private Placement on the Main Market of Bursa Securities, HWGB is required to make the following announcement:

(a) Details of the 'utilisation of proceeds raised from the completed corporate exercises (ie. Two Rights Issues' and two Private Placements) from 2010 to 2012;

Equity funds raised from:

FYE 31 December 2010

RM’000

FYE 31 December 2011

RM’000

FYE 31 December 2012

RM’000

Total

RM’000

Private Placement

12,410

-

17,785

30,195

Rights Issues

27,578

10,663

-

38,241

39,988

10,663

17,785

68,436

Funds deployed to/for:

- Ho Wah Genting Berhad (HWGB)(1)

(4,422)

(4,910)

(4,066)

(13,398)

- Ho Wah Genting Kintron Sdn Bhd (“HWG Kintron”)(2)

(6,885)

(2,280)

(3,472)

(12,637)

- PT. Ho Wah Genting (“PT HWG”)(3)

(3,234)

-

(406)

(3,730)

- Ho Wah Genting Tin Mining Sdn Bhd (“HWG TM”)(4)

(13,396)

(15,355)

(8,085)

(36,836)(ii)

(27,937)

(22,545)

(16,029)

(66,601)

Unutilised funds/(deficit)

12,061

(11,882)

1,756

1,835

Surplus funds b/f

-

12,061

179

1,935

Surplus funds c/f

12,061(i)

179(i)

1,935(i)

3,770

Notes:

(i) The unutilised funds in the respective years was brought forward to the following years and utilised per the approved purposes and within the stipulated time line.

(ii) The total funds deployed for HWG TM up to FYE 12/2012 stood at RM36.836 million, of which RM29.771 million is capital in nature. The balance is used to finance the operation overheads of HWG TM.

The usages of the funds are summarised as follows:

(1) Financing the administrative expenditures and working capital of HWGB;

(2) Repaying the bank borrowings of HWG Kintron with remaining outstanding borrowings of approximately RM2.45 million as at 31 March 2013;

(3) Financing the working capital of PT HWG; and

(4) Financing HWG TM on its exploration works, infrastructure works and construction of the processing plants and machinery for its tin mining activities from “green field” phase to its current exploration phase with 221 metric tonnes (“MT”) of tin concentrates produced in FYE 31 December 2012.

(b) Information on HWG Tin Mining Sdn Bhd ("HWG TM") including, but not limited to, the lease period of the tin mining, total amount of funds invested in undertaking the tin mining activities, total amount of tin concentrate extracted to-date, estimated capital expenditure and the future prospects of tin mining activities;

HWG TM’s tin mining lease is for a ten years period commencing from 7 November 2010 to 6 November 2020 and the mining site is situated on Lot 7439, Sungai Endah, Mukim Pengkalan Hulu, Daerah Hulu Perak, Perak Darul Ridzuan.

The total amount of funds invested by HWGB in HWG TM up to FYE 12/2012 is approximately RM36.8 million, of which about RM29.8 million is capital in nature. The balance was utilised for HWG TM’s operations. HWG TM mining activities is currently at “exploration phases”. During the exploration works, HWG TM extracted 62 MT of tin concentrates in 2011, 221 MT of tin concentrates in 2012, and for the first quarter of 2013, the tin concentrates extracted was at 28 MT.

The prospect of HWG TM at this juncture is encouraging as its in-house professional team employed to undertake the exploration works (in terms of increasing the number of drill holes, drilling depth and narrowing the gap between each drill holes) were able to generate positive geophysical data from the drilling samples.

The tin mining activities are still categorised as exploratory phase i.e. it involves opening new area or deeper excavation, moving of overburden, earthworks and drilling works to ascertain and locate the tin veins. Currently, these activities are progressing albeit slowly as we are using internal funds, machinery and resources to undertake such exploration works. Approximately RM4.0 million from the proceeds to be raised from the Private Placement is earmarked for HWG TM to enable it to engage third party contractors to expedite the exploration works.

HWG TM envisages that it requires further funding of approximately RM75 million over the next 2 financial years to be able to commercially venture into it’s tin mining production.

The estimated funding entails RM10.0 million for further exploration works, RM47.0 million in construction of new plants, equipments and machinery and the balance RM18.0 million for working capital.

This announcement is dated 29 May 2013.


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

Announcement Type: Financial Results
Company NameLEBTECH BERHAD  
Stock Name LEBTECH  
Date Announced29 May 2013  
CategoryFinancial Results
Reference NoLL-130529-44223

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

Attachments

Q1-2013-LEBTECH.xlsx
64 KB

Q1-2013-LEBTECH.docx
159 KB

  • 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
31,078
10,142
31,078
10,142
2Profit/(loss) before tax
7,537
-722
7,537
-722
3Profit/(loss) for the period
6,932
-601
6,932
-601
4Profit/(loss) attributable to ordinary equity holders of the parent
6,932
-601
6,932
-601
5Basic earnings/(loss) per share (Subunit)
5.08
-0.44
5.08
-0.44
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 ($$)
0.8894
0.8366
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

LEBTECH - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameLEBTECH BERHAD  
Stock Name LEBTECH  
Date Announced29 May 2013  
CategoryGeneral Announcement
Reference NoLL-130529-45201

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionPursuant to Paragraph 8.23(1)(ii) and Practice Note 11 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of LEBTECH wishes to announce that the financial assistance provided as at 31 March 2013 to facilitate the ordinary course of business of Lebtech Group is set out in table below.

The provision of the financial assistance did not have any material effect on the earnings and net assets of LEBTECH Group, and did not have any effect on the share capital of LEBTECH.

 

 

Financial assistance provided by the Company/subsidiary company

Type of financial assistance

Aggregate Amount (RM’000)

1.

Lebtech Construction Sdn Bhd – a wholly owned subsidiary of LEBTECH

Payment Guarantee in the form of Bank Guarantee

100

 


WCT - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced29 May 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-130529-75849

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak, Peti Surat 11025, 50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderLembaga Tabung Haji (60,307,705 Shares)
AmIslamic Fund Management Sdn Bhd (1,338,785 Shares)
Maybank Asset Management Sdn Bhd (1,180,000 Shares)
Asian Islamic Investment Management Sdn Bhd (1,211,650 Shares)
CIMB-Principal Asset Management Berhad (700,700 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed23/05/2013
3,500,000
 
Disposed27/05/2013
1,212,300
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Direct (units)64,738,840 
Direct (%)5.93 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change64,738,840
Date of notice29/05/2013

Remarks :
Form 29B dated 28 May 2013 was received on 29 May 2013.

WCT - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced29 May 2013  
CategoryGeneral Announcement
Reference NoMB-130529-59104

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionWCT BERHAD (“WCTB”)

I) SECURITIES EXCHANGE;
II) TRANSFER LISTING;
III) ESOS TERMINATION;
IV) WCTH ESOS; AND
V) WCT LAND TRANSFER.

(TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)
We refer to the announcements made by the Joint Advisers on behalf of WCTB on 5 October 2012, 20 December 2012, 7 January 2013, 13 February 2013, 4 March 2013 and 27 March 2013 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the aforesaid announcements.
On behalf of the Board, the Joint Advisers wish to announce that the High Court of Malaya had on 29 May 2013, granted WCTB an order approving and sanctioning the Scheme of Arrangement pursuant to Section 176 of the Companies Act, 1965 ("Court Order"). The Scheme of Arrangement will take effect on the date of lodgement of the Court Order with Companies Commission of Malaysia, which lodgement shall be made within one (1) month from the date the Court Order was granted. Further announcements will be made in due course.
    This Announcement is dated 29 May 2013.

    UBB - GENERAL MEETINGS: NOTICE OF MEETING

    Announcement Type: General Meetings
    Company NameUNITED BINTANG BERHAD  
    Stock Name UBB  
    Date Announced29 May 2013  
    CategoryGeneral Meetings
    Reference NoCQ-130529-39014

    Type of MeetingAGM
    IndicatorNotice of Meeting
    DescriptionNOTICE IS HEREBY GIVEN THAT the the Thirty-Fourth Annual General Meeting (“34th AGM”) of the shareholders of United Bintang Berhad will be held at Bukit Kiara Equestrian and Country Resort, Dewan Berjaya, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur, Malaysia on Tuesday, 25 June 2013 at 11.00 a.m. for the purpose of considering and, if thought fit, passing the resolutions set out in the Notice of 34th AGM, details as per attachment herein.
    Date of Meeting25/06/2013
    Time11:00 AM
    VenueBukit Kiara Equestrian and Country Resort, Dewan Berjaya, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur
    Date of General Meeting Record of Depositors19/06/2013

    Attachments

    UBB-adv(Bursa).pdf
    878 KB


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

    Announcement Type: Financial Results
    Company NameUNITED BINTANG BERHAD  
    Stock Name UBB  
    Date Announced29 May 2013  
    CategoryFinancial Results
    Reference NoCQ-130527-37303

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

    Attachments

    1Q-0313 (Bursa)MFRS.doc
    161 KB

    1Q-0313 .xls
    49 KB


    Remarks :
    c.c. Securities Commission
    • 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
    3,995
    4,874
    3,995
    4,874
    2Profit/(loss) before tax
    79
    259
    79
    259
    3Profit/(loss) for the period
    66
    259
    66
    259
    4Profit/(loss) attributable to ordinary equity holders of the parent
    66
    259
    66
    259
    5Basic earnings/(loss) per share (Subunit)
    0.12
    0.48
    0.12
    0.48
    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 ($$)
    0.3659
    0.3647
    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

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

    Announcement Type: Financial Results
    Company NameFARM'S BEST BERHAD  
    Stock Name FARMBES  
    Date Announced29 May 2013  
    CategoryFinancial Results
    Reference NoCC-130527-55668

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

    Attachments

    CONDENSED REPORTS AS AT 31 3 2013..pdf
    66 KB

    Notes to 1st Quarter Report (Mar 2013).pdf
    150 KB

    • 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
    116,418
    76,633
    116,418
    76,633
    2Profit/(loss) before tax
    1,153
    -3,032
    1,153
    -3,032
    3Profit/(loss) for the period
    407
    -3,432
    407
    -3,432
    4Profit/(loss) attributable to ordinary equity holders of the parent
    511
    -2,909
    511
    -2,909
    5Basic earnings/(loss) per share (Subunit)
    0.92
    -5.24
    0.92
    -5.24
    6Proposed/Declared dividend per share (Subunit)
    0.92
    -5.24
    0.92
    -5.24


    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 ($$)
    2.7437
    1.4696
    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

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