June 24, 2013

Company announcements: ALAM, AXIATA, NAKA, HAISAN, MILUX, FITTERS, SEG, AKNIGHT

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

Announcement Type: General Announcement
Company NameALAM MARITIM RESOURCES BERHAD  
Stock Name ALAM  
Date Announced24 Jun 2013  
CategoryGeneral Announcement
Reference NoAM-130624-C4743

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Chapter 14 of the Main Market Listing Requirements, AMRB wishes to announce the following dealing in securities by director(s) of the Company.

Kindly refer to the table section for details.

This announcement is dated 24 June 2013.

Name of Director

Mohd Abd Rahman bin Mohd Hashim

Date of Transaction(s)

i. 18 June 2013

ii. 19 June 2013

iii. 20 June 2013

Description of shares

Ordinary shares of RM0.25 each

Circumstances by reason of which change has occurred

i. Open Market Disposal

ii. Open Market Disposal

iii. Open Market Disposal

No. of shares (units) @ percentage (%)

i. Direct – 200,000 @ 0.025

ii. Direct – 64,800 @ 0.008

iii. Direct – 237,800 @ 0.030

Consideration/share

i. 200,000 @ RM1.40/share

ii. 64,800 @ RM1.36/share

iii. 237,800 @ RM1.35/share

Nature of interest

Direct

Total number of shares before change:-

 

Direct (units) @ percentage (%)

2,550,000 @ 0.321

Indirect (units) @ percentage (%)

355,415,436 @ 44.701

Total number of shares held after change:-

 

Direct (units) @ percentage (%)

2,047,400 @ 0.258

Indirect (units) @ percentage (%)

355,415,436 @ 44.701



ALAM - Changes in Director's Interest (S135) - MOHD ABD RAHMAN BIN MOHD HASHIM

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameALAM MARITIM RESOURCES BERHAD  
Stock Name ALAM  
Date Announced24 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoAM-130624-C4741

Information Compiled By KLSE

Particulars of Director

NameMOHD ABD RAHMAN BIN MOHD HASHIM
AddressNO 94 JALAN PUTERI SENGGANG
TAMAN SRI PETALING
57000 KUALA LUMPUR
Descriptions(Class & nominal value)ORDINARY SHARES OF RM0.25 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
18/06/2013
200,000
1.400 
Disposed
19/06/2013
64,800
1.360 
Disposed
20/06/2013
237,800
1.350 

Circumstances by reason of which change has occurredOPEN MARKET DISPOSALS
Nature of interestDIRECT
Consideration (if any) 

Total no of securities after change

Direct (units)2,047,400 
Direct (%)0.258 
Indirect/deemed interest (units)355,415,436 
Indirect/deemed interest (%)44.701 
Date of notice24/06/2013

Remarks :
The details of direct and indirect shareholdings are as follows:

i. 2,047,400 shares (0.258%)under CIMSEC Nominees (Tempatan) Sdn Bhd, CIMB Bank for RH
ii. 355,415,436 shares (44.701%) - deemed interested by virtue of shares held through SAR Venture Holdings (M) Sdn Bh


ALAM - Changes in Sub. S-hldr's Int. (29B) - MOHD ABD RAHMAN BIN MOHD HASHIM ("RH")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameALAM MARITIM RESOURCES BERHAD  
Stock Name ALAM  
Date Announced24 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAM-130624-C4745

Particulars of substantial Securities Holder

NameMOHD ABD RAHMAN BIN MOHD HASHIM ("RH")
AddressNO 94 JALAN PUTERI SENGGANG
TAMAN SRI PETALING
57000 KUALA LUMPUR
NRIC/Passport No/Company No.620328-08-5001
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.25 EACH
Name & address of registered holderCIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB BANK FOR MOHD ABD RAHMAN BIN MOHD HASHIM
9TH FLOOR COMMERCE SQUARE
JALAN SEMANTAN DAMANSARA HEIGHTS
50490 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/06/2013
200,000
1.400 
Disposed19/06/2013
64,800
1.360 
Disposed20/06/2013
237,800
1.350 

Circumstances by reason of which change has occurredOPEN MARKET DISPOSALS
Nature of interestDIRECT
Direct (units)2,047,400 
Direct (%)0.258 
Indirect/deemed interest (units)355,415,436 
Indirect/deemed interest (%)44.701 
Total no of securities after change357,462,836
Date of notice24/06/2013

Remarks :
Details of shareholdings:-
i. 2,047,400 shares (0.258%)- CIMSEC Nominees (Tempatan)Sdn Bhd, CIMB Bank for RH
ii. 355,415,436 shares (44.701%) - indirect interest through SAR Venture Holdings (M) Sdn Bhd


AXIATA - Notice of Interest Sub. S-hldr (29A) - Commonwealth Insurance Holdings Limited ("CIHL")

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced24 Jun 2013  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoAG-130621-61669

Particulars of Substantial Securities Holder

NameCommonwealth Insurance Holdings Limited ("CIHL")
AddressGround Floor Tower 1, 201 Sussex Street, Sydney, NSW, 2000, Australia
NRIC/Passport No/Company No.088 327 959
Nationality/Country of incorporationAustralia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each ("Axiata Shares")
Name & address of registered holderState Street Global Services
525 Ferry Road, Edinburgh EH4 2AW

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired08/02/2012
No of securities426,286,500
Circumstances by reason of which Securities Holder has interestCIHL is an indirect substantial shareholder through the direct shareholdings of its subsidiaries; namely, First State Investment Management (UK) Limited ("FSIM"), First State Investments International Limited ("FSII"), First State Investments (Singapore) ("FSISG") and RealIndex Investments PTY Limited ("RIIL") (collectively referred to hereafter as "FSI Entities") whose holdings are registered in the names of the custodians ("Custodians") listed below. Pursuant to Section 6A of the Companies Act, 1965, CIHL through its indirect shareholdings in the FSI Entities, is deemed to have the same interest in the shares that are held by the Custodians.

State Street Global Services ("SSGS"), 525 Ferry Road, Edinburgh EH4 2AW - Purchase of 6,259,600 Axiata Shares by SSGS, custodian for CIHL's subsidiary, FSIM, resulting with SSGS directly holding 0.07% of the share capital of Axiata; and

b) CIHL (through its indirect shareholdings in FSII, FSIM, FSISG and RIIL) is deemed to be a substantial shareholder of Axiata by virtue of the above transaction and by aggregating CIHL's indirect/deemed interest of 4.96% of the share capital in Axiata held through the following:-

(1) holding of 3.74% of share capital in Axiata (317,117,800 shares) by SSGS, custodian for CIHL’s subsidiaries, FSIM, FSII and FSISG;

(2) holding of 0.15% of share capital in Axiata (12,376,600 shares) by JPMorgan Chase and Co (1 Chaseside Bournemouth BH7 7DA), custodian for CIHL’s subsidiaries, FSIM, FSII, FSISG and RIIL;

(3) holding of 0.25% of share capital in Axiata (21,142,500 shares) by Citibank (Hong Kong) Limited (10/F Two Harbourfront, 22 Tak Fund Street, Hung Hom, Kowloon, Hong Kong), custodian for CIHL’s subsidiaries, FSIM, FSII and RIIL;

(4) holding of 0.02% of share capital in Axiata (1,441,200 shares) by Hong Kong, BNY Mellon (Level 24, Three Pacific Place, 1 Queens Road East Hong Kong), custodian for CIHL’s subsidiary, FSISG;

(5) holding of 0.02% of share capital in Axiata (1,443,400 shares) by State Street Global Services, State Street Bank & Trust Company (Singapore) (168 Robinson Road,#33-01, Capital Tower, Singapore 068912), custodian for CIHL’s subsidiary, FSISG;

(6) holding of 0.22% of share capital in Axiata (18,726,500 shares) by The Northern Trust Company (50 Bank Street, Canary Wharf, London E14 5NT), custodian for CIHL’s subsidiaries, FSIM, FSII and FSISG;

(7) holding of 0.30% of share capital in Axiata (25,713,700 shares) by HSBC Bank Plc (Level 29, 8 Canada Square, Canary Wharf, London, E14 5HQ UK), custodian for CIHL’s subsidiaries, FSIM and FSISG;

(8) holding of 0.20% of share capital in Axiata (16,896,200 shares) by The Bank of New York Mellon (1 Piccadilly Gardens, Manchester, M1 1RN), custodian for CIHL’s subsidiaries, FSIM and FSISG;

(9) holding of 0.03% of share capital in Axiata (2,781,100 shares) by Danske Bank A/S Depotselskab (Strodamvej 46, 2100 Copenhagen), custodian for CIHL’s subsidiary, FSII;

(10) holding of 0.03% of share capital in Axiata (2,343,500 shares) by RBC Dexia (71 Queen Victoria Street, London, EX4V 4DE), custodian for CIHL’s subsidiary, FSIM and FSII; and

(11) holding of 0.0005% of share capital in Axiata (44,400 shares) by National Bank Nominees Pty Limited (GPO Box 1406M, Melbourne VIC 3001), custodian for CIHL’s subsidiary, RIIL.
Nature of interestIndirect
Price Transacted ($$)

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)426,286,500 
Indirect/deemed interest (%)
Date of notice20/06/2013

Remarks :
Form 29A received on 21 June 2013


NAKA - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameNAKAMICHI CORPORATION BERHAD  
Stock Name NAKA  
Date Announced24 Jun 2013  
CategoryGeneral Announcement
Reference NoCA-130624-63473

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionNakamichi Corporation Berhad
- Litigation of a subsidiary

Further to our announcement on 22 March 2013 and 20 June 2013, the Board of Directors of Nakamichi Corporation Berhad (“NCB” or the “Company”) wishes to inform that Tamabina Sdn. Bhd.’s (“TSB”), a 51% owned and a major subsidiary of NCB, has been served with a demand pursuant to Section 218 of the Companies Acts, 1965 by Kini Abadi Sdn. Bhd. (“KASB”) through their solicitors, William Liaw, Chan & Co to demand TSB to pay KASB the Judgment Sum of RM393,145.94 and interest totalling in the sum of RM401,483.34, within 21 days from their letter dated 21 June 2013.

The Company will seek legal advice and clarification from the Board of Directors of TSB.



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

Announcement Type: General Announcement
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced24 Jun 2013  
CategoryGeneral Announcement
Reference NoHR-130624-67728

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionHAISAN RESOURCES BERHAD (“HAISAN” OR “COMPANY”)
- PROPOSED DISPOSAL OF A PARCEL OF LEASEHOLD INDUSTRIAL LAND HELD UNDER PAJAKAN NEGERI (WP) 42255 LOT 14 SEKSYEN 92A, JALAN 2/89B, CHAN SOW LIN INDUSTRIAL AREA, 55200, TOWN AND DISTRICT OF KUALA LUMPUR STATE OF WILAYAH PERSEKUTUAN, TOGETHER WITH ONE (1) SINGLE STOREY WAREHOUSE AND ONE (1) 2-STOREY OFFICE ERECTED THEREON, BY HAI SAN ICE INDUSTRIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF HAISAN TO WESTFIELD VENTURES SDN. BHD., FOR A TOTAL CASH CONSIDERATION OF RM5.70 MILLION

Please find attached announcement for details.


MILUX - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS (Amended Announcement)

Announcement Type: General Announcement
Company NameMILUX CORPORATION BERHAD  
Stock Name MILUX  
Date Announced24 Jun 2013  
CategoryGeneral Announcement
Reference NoCS-130624-CF3C8

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMILUX CORPORATION BERHAD (“MILUX” OR “THE COMPANY”)- DISPOSAL OF LAND AND PROPERTY BY T. H. HIN SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
We refer to the letter dated 21 June 2013 from Bursa Malaysia Securities Berhad (“Bursa Securities”) as well as our announcement dated 20 June 2013 pertaining to the above matter.
As requested, the Board of Directors of Milux wish to append below the additional information in the sequence of enquiries by Bursa Securities.

Further justification on disposing of the said Land and Property at below market price

In arriving at the decision to dispose the said Land and Property at below market price, the Board has taken into consideration that this is the best offer that the Company secured after twelve (12) months of continuous efforts. The Board sees the need to rationalise certain operations of the Group on a fast track basis after taking into account the continuous losses suffered and the current financial position of the Group. Any further delay will increase the holding cost of the said Land and Property which may result in further financial stress to the Group.

A brief description on the areas occupied by the two-storey office building and a single-storey factory warehouse respectively.

The accommodation of the two-storey office building encompassed the following areas:-

Ground Floor

(1) Reception area;

(2) Display area;

(3) Discussion rooms;

(4) Office rooms and general office area; and

(5) Toilets and Suraus.

First Floor

(1) Directors office;

(2) Conference room;

(3) Office rooms and general office area;

(4) Filing rooms;

(5) Pantry; and

(6) Toilets.

The accommodation of the single-storey factory warehouse encompassed the following areas:-

(1) Storage area;

(2) Assembly area;

(3) Service room;

(4) Maintenance room;

(5) Switch room;

(6) Pump room;

(7) TNB Sub-station; and

(8) Generator Set room.

Details of the Purchaser

The authorised and paid-up capital of Min-Shine Success Sdn. Bhd. is RM100,000/- and RM 4 /- respectively.

The directors of Min-Shine Success Sdn. Bhd. are as follows:

(1) Chia Chuan Huat;

(2) Heng Siang Kiang;

(3) Heng Siang Huang; and

(4) Chia Ming Huat

The shareholders of Min-Shine Success Sdn. Bhd. and their respective shareholdings are as follows:

No of shares

(1) Chia ChuanHuat; 1

(2) Heng Siang Kiang; 1

(3) Heng Siang Huang; and 1

(4) Chia Ming Huat. 1

Min-Shine Success Sdn. Bhd. incorporated on 26 July 1993 is involved in the import and export of frozen foods and foodstuff.

Detail breakdown of utilisation of proceeds for working capital purpose

The RM2,120,602/- identified for working capital purpose will be utilised to pay creditors /suppliers for the purchase of parts for its assembly of electrical appliances, trading goods such as gas stoves and cast iron products. These purchases are currently partly- financed via Bankers Acceptances.

To reconcile the difference between the total sale consideration and the net proceeds receivable for the Disposal

(RM)

Total Sale consideration 12,380,000/-

Less : Agent fees (247,600/-)

Less : Estimated professional fees & Real Property (103,400/-)
Gains Tax (“RPGT”) ___________
12,029,000/-

Be more specific on the Board’s view of haven taken into consideration “all aspects” of the Disposal

The Board has considered the following aspects in detail:-

(1) The current fixed operating costs for the said Land and Property is too high and not condusive for the Group's nature of business as the current two-storey office building is grossly underutilised.

(2) With the outsourcing of the warehousing and logistic operations and the relocation of the electrical appliance assembly line to another of the Group’s factory in Prai, the current factory building will be superfluous.

(3) The Group will be able to save on operating costs and interest payment with the disposal of the said land and property and also consolidation of its assembly operation to its other factory.

(4) Upon the disposal of the said Land and Property the Group will be able to retire its long term loan taken to finance this property and allow Management to focus on resuscitating the Group's operation in particular, its trading division in view of the competitive landscape ahead.

This announcement is dated 24 June 2013.

Remark : This announcement is made to amend the typo error on the value of the Estimated professional fees & Real Property Gains Tax ("RPGT") which was previously announced as RM10,400/- instead of the estimated value of RM103,400/-.



FITTERS - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced24 Jun 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-130624-64072

Date of buy back24/06/2013
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)100,000
Minimum price paid for each share purchased ($$)0.730
Maximum price paid for each share purchased ($$)0.730
Total consideration paid ($$)73,532.90
Number of shares purchased retained in treasury (units)100,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)24,901,000
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)8.68


SEG - Changes in Director's Interest (S135) - HEW MOI LAN

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSEG INTERNATIONAL BHD  
Stock Name SEG  
Date Announced24 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoSI-130620-58009

Information Compiled By KLSE

Particulars of Director

NameHEW MOI LAN
Address7, JALAN BS 3/10, TAMAN BUKIT SERDANG
SEKSYEN 3, 43300 SERI KEMBANGAN
SELANGOR DARUL EHSAN
Descriptions(Class & nominal value)Ordinary share of RM0.25 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
20/06/2013
6,204,000
 

Circumstances by reason of which change has occurredDisposal
Nature of interestDirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)464,800 
Direct (%)0.07 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice24/06/2013

Remarks :
This announcement is dated 24 June 2013.


AKNIGHT - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameASIA KNIGHT BERHAD  
Stock Name AKNIGHT  
Date Announced24 Jun 2013  
CategoryGeneral Meetings
Reference NoCT-130624-33F2D

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting24/06/2013
Time02:00 PM
VenueMeranti Hall, Level 2, Citiview Hotel Sdn Berhad,
Lot 113, Seksyen 19, Jalan Haji Abdul Aziz, 25000
Kuantan, Pahang
Outcome of Meeting
Our announcement on the Notice of Thirty-Second Annual General
Meeting submitted through KLSE Link on 31 May 2013 refers.

We wish to inform that the Resolution 1 to Resolution 10 as
proposed in the above Notice have been adopted at the
Thirty-Second Annual General Meeting of the above Company
held on 24 June 2013.


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