May 9, 2013

Company announcements: PESTECH, KLCC, PARKSON, LATITUD, KNM, TEXCHEM, EKOVEST, SCIB, BONIA, KESM

PESTECH - Changes in Sub. S-hldr's Int. (29B) - Lim Pay Chuan

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePESTECH INTERNATIONAL BERHAD  
Stock Name PESTECH  
Date Announced9 May 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-130509-C19B2

Particulars of substantial Securities Holder

NameLim Pay Chuan
AddressNo. 346, Jalan Yong Pak Kian, Ujong Pasir, 75050 Melaka
NRIC/Passport No/Company No.700920-04-5015
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderLim Pay Chuan
No. 346, Jalan Yong Pak Kian,
Ujong Pasir,
75050 Melaka

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed09/05/2013
850,000
1.950 

Circumstances by reason of which change has occurredDisposal of shares via off market to institutional fund
Nature of interestDirect
Direct (units)22,191,700 
Direct (%)25.84 
Indirect/deemed interest (units)200,800 
Indirect/deemed interest (%)0.23 
Total no of securities after change22,392,500
Date of notice09/05/2013

Remarks :
Indirect Interest:-
VESTECH Projects Sdn. Bhd. - 200,800


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

Announcement Type: General Announcement
Company NameKLCC PROPERTY HOLDINGS BERHAD  
Stock Name KLCC  
Date Announced9 May 2013  
CategoryGeneral Announcement
Reference NoKP-130509-67851

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionNotification of interest in securities of Principal Officer of the management company of KLCC Real Estate Investment Trust ("KLCC REIT")

KLCCP wishes to announce that the interest in securities of Datin Faudziah binti Ibrahim (a principal officer of the management company of KLCC REIT) is 17,000 and not 7,000 as stated in the earlier announcement.



PARKSON - OTHERS Announcement by Parkson Retail Asia Limited - Appointment of Chief Executive Officer

Announcement Type: General Announcement
Company NamePARKSON HOLDINGS BERHAD  
Stock Name PARKSON  
Date Announced9 May 2013  
CategoryGeneral Announcement
Reference NoPH-130509-C1CE5

TypeAnnouncement
SubjectOTHERS
DescriptionAnnouncement by Parkson Retail Asia Limited
- Appointment of Chief Executive Officer
We attach herewith an announcement made to the Singapore Exchange Securities Trading Limited (“SGX-ST”) by Parkson Retail Asia Limited (“Parkson Asia”), a 67.61% owned subsidiary of the Company listed on the SGX-ST, on 9 May 2013 in relation to the appointment of Mr Toh Peng Koon as the Chief Executive Officer of Parkson Asia with effect from 9 May 2013.

Attachments

PRA Announcement.pdf
305 KB



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

Announcement Type: General Announcement
Company NameLATITUDE TREE HOLDINGS BERHAD  
Stock Name LATITUD  
Date Announced9 May 2013  
CategoryGeneral Announcement
Reference NoMB-130509-56441

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
LATITUDE TREE HOLDINGS BERHAD (“LTHB” OR THE “COMPANY”)

PROPOSED ACQUISITION OF ALL THE SUBSIDIARIES OF LATITUDE TREE INTERNATIONAL GROUP LTD (“LTIGL") FOR A REVISED AGGREGATE CONSIDERATION OF SGD48,750,000.00 (RM117,692,250.00) (“PROPOSED ACQUISITIONS”)

Reference is made to the announcements dated 5 February 2013, 28 February 2013, 15 March 2013 and 28 March 2013 in relation to the offer made by LTHB (“Offer”) to LTIGL vide the former’s offer letter dated 5 February 2013 and supplemental offer letter dated 28 March 2013 in relation to the Proposed Acquisitions (collectively referred to as “Offer Letter”) (“Announcement(s)”).

Unless otherwise stated, the capitalised expressions used throughout this announcement shall have the same meaning as defined in the Announcements.

On 28 March 2013, on behalf of the Board of Directors (“Board”) of LTHB, AmInvestment Bank Berhad (“AmInvestment Bank”), had announced that LTIGL had agreed on even date to accept the revised Offer made by LTHB whereby the aggregate consideration for the Proposed Acquisitions was increased from SGD46,770,000 to SGD48,750,000. The Proposed Acquisitions are subject to, amongst others, the share sale agreement comprising the terms and conditions to be agreed upon by LTHB and LTIGL, the approval of the shareholders of LTIGL and LTHB and relevant regulatory authorities, where required.

On behalf of the Board of LTHB, AmInvestment Bank wishes to announce that, on 9 May 2013, LTHB had entered into a conditional sale and purchase agreement (“SPA”) with LTIGL, a 77.62%-owned subsidiary of LTHB, to undertake the Proposed Acquisitions.

Please refer to the attachment below for further details.

This announcement is dated 9 May 2013.

Attachments

LTHB_Announcement_2.pdf
509 KB



KNM - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameKNM GROUP BERHAD  
Stock Name KNM  
Date Announced9 May 2013  
CategoryGeneral Announcement
Reference NoKG-130509-836E4

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)
Reference is made to the announcements made by KNM Group Berhad on 22 April 2013 and 24 April 2013. All abbreviations used herein shall have the same meaning as those defined in the said announcements unless stated otherwise.
The High Court at Shah Alam has struck out the Petition filed by Mission with costs today.

This announcement is dated 9 May 2013.


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

Announcement Type: General Announcement
Company NameTEXCHEM RESOURCES BERHAD  
Stock Name TEXCHEM  
Date Announced9 May 2013  
CategoryGeneral Announcement
Reference NoTR-130508-56271

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionTEXCHEM RESOURCES BHD. ("TRB")

PROPOSED ACQUISITION OF 40 WARRANTS AND 1,208,630 ORDINARY SHARES OF RM1.00 EACH IN TEXCHEM CORPORATION SDN. BHD. BY TRB FROM TEXCHEM HOLDINGS SDN. BHD. ("THSB") AT THE PURCHASE CONSIDERATION OF RM1,000,000.00 AND RM2,018,412.10 (AT RM1.67 PER SHARE) RESPECTIVELY (COLLECTIVELY REFERRED TO AS THE "PROPOSED ACQUISITION").

The Board of Directors of TRB wishes to announce that TRB has on 9 May 2013 entered into a Sale and Purchase Agreement with THSB in relation to the Proposed Acquisition for a total cash consideration of RM3,018,412.10.

Further details of the Proposed Acquisition is set out in the attachment to this announcement.



EKOVEST - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):COMBINATION OF TRANSACTIONS

Announcement Type: General Announcement
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced9 May 2013  
CategoryGeneral Announcement
Reference NoMM-130509-53782

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
DescriptionEKOVEST BERHAD (“EKOVEST”)

(I) PROPOSED TRANSFER OF 100% OF THE ORDINARY SHARES OF RM1.00 EACH IN WIRA KRISTAL SDN BHD (“WIRA KRISTAL”) IN EXCHANGE FOR NEW ORDINARY SHARES OF RM1.00 EACH IN EKOVEST (“PROPOSED SHARE EXCHANGE”);

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EKOVEST (“PROPOSED IASC”); AND

(III) PROPOSED EXEMPTION SOUGHT BY TAN SRI DATO’ LIM KANG HOO (“TAN SRI LIM”) AND THE PERSONS ACTING IN CONCERT (“PAC”) WITH TAN SRI LIM UNDER PARAGRAPH 16.1 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 FROM THE OBLIGATION TO EXTEND A TAKE-OVER OFFER FOR ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN EKOVEST NOT ALREADY OWNED BY TAN SRI LIM AND THE PAC WITH TAN SRI LIM UPON COMPLETION OF THE PROPOSED SHARE EXCHANGE (“PROPOSED EXEMPTION”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcement dated 30 January 2012.)

We refer to the announcements dated 30 January 2012, 18 July 2012, 6 November 2012, 7 December 2012, 25 January 2013, 19 March 2013, 24 April 2013, 29 April 2013, 2 May 2013 and 7 May 2013 in relation to the Proposals.

On behalf of Ekovest, CIMB wishes to announce that the Proposals are deemed completed today following the listing of and quotation for the 126,723,735 new Ekovest Shares on the Main Market of Bursa Malaysia Securities Berhad on 9 May 2013.

This announcement is dated 9 May 2013.



SCIB - Changes in Director's Interest (S135) - Haji Soedirman Bin Haji Aini

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSARAWAK CONSOLIDATED INDUSTRIES BERHAD  
Stock Name SCIB  
Date Announced9 May 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130509-60302

Information Compiled By KLSE

Particulars of Director

NameHaji Soedirman Bin Haji Aini
AddressNo. 76, Lorong 3A, Jalan Pelita, Petra Jaya, 93050 Kuching, Sarawak
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)
Others
01/01/2013
2,000
 

Description of other type of transactionIn accordance with Section 135(1) of the Companies Act, 1965
Circumstances by reason of which change has occurredShares acquired prior to the date of appointment.
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)2,000 
Direct (%)0.003 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice08/05/2013

Remarks :
Notification received on 9 May 2013.


BONIA - Changes in Director's Interest (S135) - Chiang Sang Bon

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced9 May 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoBC-130509-2EB24

Information Compiled By KLSE

Particulars of Director

NameChiang Sang Bon
Address33, Jalan 9/105
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)
Transferred
08/05/2013
50,000
 

Circumstances by reason of which change has occurredThe 50,000 shares were transferred from his brother.
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)355,000 
Direct (%)0.18 
Indirect/deemed interest (units)59,000 
Indirect/deemed interest (%)0.03 
Date of notice09/05/2013

Remarks :
(1) Deemed interest are shares held through his spouse and child.

(2) The above transfer of shares representing 0.0248% of the total issued shares of the Company.

(3) This announcement serves as an announcement pursuant to Paragraph 14.08(d) of the Main Market Listing Requirements.


KESM - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameKESM INDUSTRIES BERHAD  
Stock Name KESM  
Date Announced9 May 2013  
CategoryGeneral Announcement
Reference NoCA-130509-56937

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionDEMAND FOR ARBITRATION BY DATAMATIC, LTD. AGAINST KESP SDN BHD

The Board of Directors of KESM Industries Berhad ("KESMI") wishes to announce that its wholly-owned subsidiary, KESP Sdn Bhd ("KESP") had on 8 May 2013 received a Demand for Arbitration ("Demand") from the International Centre for Dispute Resolution, a division of the American Arbitration Association.

The Demand relates to an arbitration ("Arbitration") commenced by Datamatic, Ltd. (the "Claimant") for a dispute arising out of a contract dated 21 November 2008 between it and KESP ("the Contract") for the supply of utility meter reading equipment ("Products"). Claimant alleges in the Arbitration that it received allegedly defective Products from KESP and is entitled to US$5,000,000 (approximately RM15,400,000). KESP adamantly denies Claimant's allegations and intends to vigorously defend itself at Arbitration. KESP also intends to pursue its own rights against Claimant, including filing a Counterclaim against Claimant, for non-payment of amounts owed under the Contract. The amount of KESP's Counterclaim against Claimant is anticipated to be at least US$2,100,000 (approximately RM6,400,000).

Under the Contract, the parties are required to refer any disputes to the International Centre for Dispute Resolution in accordance with Commercial Arbitration Rules of the American Arbitration Association. The Arbitration is required to take place in Texas.

While KESP intends to vigorously defend itself, no assurances can be given as to the outcome of the Arbitration and a judgement in favour of the Claimant would have a material impact on the earnings and net assets of KESMI Group. We believe the Arbitration would not conclude until in financial year ending 31 July 2014 and therefore it will not have a material impact on the earnings and net assets of KESMI Group for the current financial year ending 31 July 2013.

This announcement is made on 9 May 2013.

 



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