EWEIN-WA - Changes in Sub. S-hldr's Int. (29B) - Dato' Ewe Swee Kheng
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | EWEIN BERHAD |
| Stock Name | EWEIN-WA |
| Date Announced | 20 Jun 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-130619-29909 |
Particulars of substantial Securities Holder
| Name | Dato' Ewe Swee Kheng |
| Address | The Palazzo, Penthouse 29 Jalan Kelawai 10250 Penang |
| NRIC/Passport No/Company No. | 680531-07-5573 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Warrants |
| Name & address of registered holder | Dato' Ewe Swee Kheng (25,000 Warrants) The Palazzo, Penthouse 29 Jalan Kelawai 10250 Penang Hijauwasa Sdn. Bhd. (23,005,474 Warrants) Suite 2-1, 2nd Floor Menara Penang Garden 42A, Jalan Sultan Ahmad Shah 10050 Penang |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 18/06/2013 | 10,000 | 0.085 |
DIALOG - 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 Name | DIALOG GROUP BERHAD |
| Stock Name | DIALOG |
| Date Announced | 20 Jun 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | DG-130620-71D13 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each. |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 17/06/2013 | 1,872,000 |
| Remarks : |
| Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 1,872,000 shares) - 322,977,894 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 1,485,054 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 10,522,300 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 17,573,767 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 8,485,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) - 12,567,820 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - 3,651,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (RHB INV) - 2,231,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - 3,100,000 shares Total No. of shares - 382,593,835 shares |
KEN - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
| Company Name | KEN HOLDINGS BERHAD |
| Stock Name | KEN |
| Date Announced | 20 Jun 2013 |
| Category | General Announcement |
| Reference No | CS-130619-54D22 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | KEN HOLDINGS BERHAD (“The Company”) ACQUISITION OF A DORMANT COMPANY IN MALAYSIA (KEN CITY SDN. BHD.) |
The Board of Directors of the Company wishes to announce that the Company has on 20 June 2013 acquired a dormant company named KEN City Sdn Bhd, (“KEN City”) to be a wholly-owned subsidiary company (“Acquisition”). KEN City, a private limited company, was incorporated in Malaysia under the Companies Act 1965 on 18 June 2013. The issued and paid-up share capital of KEN City is RM2.00 divided into 2 ordinary shares of RM1.00 each. Dato’ Tan Boon Kang and Mr. Tan Chek Siong were the subscribers for the set-up of KEN City. The consideration for the acquisition of the entire paid-up capital of KEN City was based on par value of RM2.00. Dato’ Tan Boon Kang who is the Group Executive Chairman and major shareholder of the Company and Mr. Tan Chek Siong who is the Group Managing Director and shareholder of the Company are deemed interested in the above Acquisition. Save for as disclosed, none of the Directors or major shareholders of the Company have any direct or indirect interest in KEN City. The interested directors have abstained from all deliberations and voting on the resolution pertaining to the Acquisition. The Acquisition will not have any effect on the share capital and substantial shareholders' shareholding in the Company and it is not expected to have any material effect on the net assets per share and earnings per share of the Group for the financial year ending 31 December 2013. This announcement is dated 20 June 2013. | |
SUNCRN - SUNCRN - NOTICE OF BOOK CLOSURE
Announcement Type: Listing Circular
| Company Name | SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD |
| Stock Name | SUNCRN |
| Date Announced | 20 Jun 2013 |
| Category | Listing Circular |
| Reference No | RN-130620-30724 |
LISTING'S CIRCULAR NO. L/Q : 68165 OF 2013
SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD (“SUNCHIRIN”) UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“ACT”) (“SCR”).
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Offer" ]
as from : [ 2 July 2013 ]
2) The last date of lodgement : [ 4 July 2013 ]
Remarks :- The SCR entails a selective capital reduction and repayment exercise under Section 64 of the Act, which will result in the reduction of the issued and paid-up share capital of Sunchirin to RM4,695,160 comprising 4,695,160 ordinary shares of RM1.00 each in Sunchirin (“Sunchirin Shares”) by way of cancelling a total of 33,689,340 Sunchirin Shares comprising 18,716,300 Sunchirin Shares held by the shareholders of Sunchirin, other than Nichirin Co., Ltd., Sunrise Industry Co., Ltd. Sunrise Asia Management Pte. Ltd. and Masahito Hiraishi (collectively, the “Non-Entitled Shareholders”) (“Other Shareholders”) and 14,973,040 Sunchirin Shares held by the Non-Entitled Shareholders.
Under the SCR, all the Other Shareholders, whose names appear in the Record of Depositors of Sunchirin as at 5.00 p.m. on Thursday, 4 July 2013 (“Entitlement Date”) (“Entitled Shareholders”) shall be entitled to receive a cash repayment of RM1.80 for each existing Sunchirin Share held. The capital repayment is expected to be made within ten (10) days from the Entitlement Date.
Sunchirin will be delisted and withdrawn from the Official List of Bursa Malaysia Securities Berhad (“Bursa Securities”) within one (1) month upon successful completion of the SCR.
The trading of Sunchirin Shares on the Main Market of Bursa Securities will be suspended with effect from 9.00 a.m. on Friday, 28 June 2013, being three (3) clear market days prior to the Entitlement Date. Accordingly, the last day of trading for Sunchirin Shares on the Main Market of Bursa Securities prior to the suspension shall be 5.00 p.m. on Thursday, 27 June 2013. The Sunchirin Shares will no longer be traded on the Official List of Bursa Securities after the trading of Sunchirin Shares is suspended on Friday, 28 June 2013. For the avoidance of doubt, the trading of Sunchirin Shares will continue to be suspended with effect from 9.00 a.m. on Friday, 28 June 2013 until the removal of Sunchirin from the Official List of Bursa Securities.
The notice to shareholders in relation to the suspension of trading of Sunchirin Shares and the Entitlement Date for the SCR will be despatched to Sunchirin’s shareholders on 20 June 2013.
ASIABRN - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
Announcement Type: General Announcement
| Company Name | ASIA BRANDS BERHAD |
| Stock Name | ASIABRN |
| Date Announced | 20 Jun 2013 |
| Category | General Announcement |
| Reference No | MI-130620-60480 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | ASIA BRANDS BERHAD (FORMERLY KNOWN AS HING YIAP GROUP BERHAD) (“ABB” OR “THE COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF ABB (“PROPOSED PRIVATE PLACEMENT”) |
(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 27 May 2013, 28 May 2013, 3 June 2013, 12 June 2013 and 18 June 2013 in relation to the Proposed Private Placement (“Announcements”)) We refer to the Announcements in relation to the Proposed Private Placement. On behalf of the Board, KIBB wishes to announce that the Proposed Private Placement is deemed completed upon the listing of and quotation for the 7,192,400 Placement Shares on the Main Market of Bursa Securities with effect from 9:00 a.m. on 19 June 2013. This announcement is dated 20 June 2013. | |
MILUX - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
| Company Name | MILUX CORPORATION BERHAD |
| Stock Name | MILUX |
| Date Announced | 20 Jun 2013 |
| Category | General Announcement |
| Reference No | CS-130620-38E84 |
| Type | Announcement | ||||||||||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS | ||||||||||||||||||||||||
| Description | MILUX CORPORATION BERHAD (“MILUX” OR “THE COMPANY”)- DISPOSAL OF LAND AND PROPERTY BY T. H. HIN SDN. BHD. | ||||||||||||||||||||||||
The Board of Directors of MILUX wishes to inform that T. H. Hin Sdn. Bhd. (“TH Hin”), a wholly-owned subsidiary of the Company, intend to dispose off a piece of freehold land held by TH Hin , together with the erected two-storey office building and a single-storey factory/ warehouse (“the said Land and Property”) to the identified purchaser for a total consideration of RM12,380,000/- (Ringgit Malaysia: Twelve Million Three Hundred and Eighty Thousand only)(hereinafter referred to as “the Disposal”). DETAILS ON THE DISPOSAL (a) Total Sale Consideration The total cash consideration for the Disposal of RM12,380,000/- was arrived at based on a willing-buyer-willing-seller basis. Justification and Basis on arriving the Total Sale consideration
(i) As a parcel of vacant industrial land only; and (ii) On the additional assumption that the Factory Complex has been fully completed in accordance with the approved building plans and issued with a certificate of fitness for occupation. The Total Sale Consideration represents a discount of RM1,620,000/- (approximately 11.57% ) over the aforesaid market value. The Valuer has applied the Comparison and Cost Method in formulating their opinion of the current market value of the said Land and Property. The Company had in October 2012 placed the said Land and Property for sale via advertisements in three (3) nationally-circulated daily newspapers, namely The Star, The China Press and Sin Chew Jit Poh. The Purchaser via a property agent is the only respondent with a concrete proposal to purchase the said Land and Property. The Board of Directors have, in arriving at the decision on the Total Sale Consideration, taken into account the various efforts made to secure buyers. The Total Sale Consideration will be settled wholly by way of cash. (b) Details of the said Land and Property
The said Land and Property are currently charged to AmBank (M) Berhad for banking facilities totaling RM11.50 million. Amount utilised and outstanding due to AmBank (M) Berhad as at 28 February 2013 amounted to RM 8.81 million. The approximate age of the two-storey office building and a single-storey factory/ warehouse building is 12 years and has been occupied since September 2011. The said Land and Property are currently being utilised as Milux’s corporate office cum warehouse. The Disposal will not have any operational impact to Milux Group as the Group will be moving into another leased property located in Klang.
(d) Salient terms of the agreement and the date of the transaction entered into
The salient terms of the SPA are as follows:-
(1) The SPA is conditional upon TH Hin having applied and obtained, at its own cost and expense, the Permanent CF or the CCC (as the case may be) of the said Land and Property from the authority(ies) within three (3) months from the date of the SPA (“the Conditional Period”). (3) Should Min-Shine opt to terminate the SPA or in the event TH Hin fails to obtain the Permanent CF or the CCC of the said Land and Property at the expiry of the Extended Conditional Period, then TH Hin shall have to refund all monies paid by Min-Shine towards the Total Sale Consideration, failing which, TH Hin shall have to pay interest at 8% per annum on the non-refunded sum calculated on a daily basis from the date next following the expiry of three (3) working days from the date of notice to the date of the actual refund. Thereafter, the SPA shall be deemed to be terminated with no further claims from either party save and except for any antecedent breach of the SPA. (4) The SPA shall become unconditional on the date the solicitor for Min-Shine receive a copy of the Permanent CF or the CCC (as the case may be) of the said Land and Property.
ORIGINAL COST OF INVESTMENT The original cost of the said Land and Property purchased in 2011 was RM 12,322,000/-. The Net Book Value (“NBV”) of the said Land and Property based on the latest unaudited quarterly report for the second quarter period ended at 28 February 2013 amounted to RM 11,983,000/-. The NBV based on the latest Audited Financial Statements of the Company as at 31 August 2012 amounted to RM 12,096,000/-. Liabilities to be assumed and additional financial commitment required There are no liabilities, including contingent liabilities and guarantees to be assumed by Min-Shine upon the completion of the Disposal. Rationale for the Disposal As part of the operational restructuring of its trading division, the Group has taken the decision to outsource its logistics and warehouse operation to third parties who specialise in this field in order to increase delivery efficiency at a lower cost. As the said Land and Property are currently used as a central warehouse for its trading division, the Group will not require the said Land and Property for continued used. The corporate office will be relocated to a leased property located in Klang. The Disposal will also enable the Group to reduce its bank borrowings which will result in interest savings. Expected gain from the Disposal The expected gain arising from the Disposal is approximately RM 45,000/- after taking into consideration the Net Book Value of the said Land and Property as at 28 February 2013, real estate commission, professional fees and the applicable Real Property Gains Tax ("RPGT"). Utilisation of proceeds The approximate net proceeds receivable for the Disposal amounted RM 12,029,000/- will be utilised in the following manners:-
Time frame for full utilisation on the above items is approximately 6 months. Financial effects of the Proposed Disposal (a) Share capital and substantial shareholders’ shareholdings The Disposal will not have any effect on the issued and paid-up share capital and the substantial shareholders’ shareholding.
The Disposal will increase the Net Assets per share from RM1.09 to RM 1.11 after taking into consideration expected gain of sale of RM45,000/- and interest savings of RM 711,000/-. The Disposal will reduce Gearing to 0.22 times from 0.38 times as at 28 February 2013 after taking into consideration the repayment of bank borrowings of RM 8,807,398/-. None of the Directors and Major Shareholders or persons connected to the Directors or Major Shareholders has any interest, direct or indirect in the Disposal. STATEMENT BY THE BOARD OF DIRECTORS The Board of Directors of the Company, having taken into consideration all aspects of the Disposal, is of the opinion that the Disposal is in the best interest of the Group. ESTIMATED COMPLETION Barring any unforeseen circumstances, the Disposal is expected to be completed by November, 2013. PARAGRAPH 10.02(G) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD The highest percentage ratio pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad applicable to the Disposal is 24.07%. TIME AND PLACE OF THE AGREEMENT AND VALUATION REPORT (IF APPLICABLE) ARE AVAILABLE FOR INSPECTION Copies of the SPA and the Valuation Report are available for inspection at the following Office of the Company Secretaries from Monday to Friday during normal business hours of 9:00 a.m. to 5:00 p.m.:- Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur This announcement is dated 20 June 2013. | |||||||||||||||||||||||||
DAIBOCI - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
| Company Name | DAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD. |
| Stock Name | DAIBOCI |
| Date Announced | 20 Jun 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | DP-130620-4257D |
SALCON - Additional Listing Announcement
Announcement Type: Additional Listing Announcement (ALA)
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 20 Jun 2013 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | CK-130618-EDF87 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | Employees' Share Option Scheme |
| No. of shares issued under this corporate proposal | 2,495,100 |
| Issue price per share ($$) | MYR 0.000 |
| Par Value ($$) | MYR 0.500 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 527,898,084 |
| Currency | MYR 263,949,042.000 |
| Listing Date | 21/06/2013 |
| Remarks : |
| [Issue price per share ($$):2,485,100 shares at RM0.500; 10,000 shares at RM0.520] |
SALCON - GENERAL MEETINGS: OUTCOME OF MEETING
Announcement Type: General Meetings
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 20 Jun 2013 |
| Category | General Meetings |
| Reference No | CK-130619-63547 |
| Type of Meeting | AGM |
| Indicator | Outcome of Meeting |
| Date of Meeting | 20/06/2013 |
| Time | 10:30 AM |
| Venue | Selangor Ballroom 2, Dorsett Grand Subang, Jalan SS12/1, 47500 Subang Jaya, Selangor Darul Ehsan |
| Outcome of Meeting | The Board of Directors of Salcon Berhad ("the Company") is pleased to announce that all the resolutions tabled at the Tenth Annual General Meeting of the Company held on 20 June 2013 were duly passed by the shareholders present.
|
MAHSING - MAHSING-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 20 Jun 2013 |
| Category | Listing Circular |
| Reference No | NE-130620-53119 |
LISTING'S CIRCULAR NO. L/Q : 68156 OF 2013
Kindly be advised that the abovementioned Company’s additional 3,803,832 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 24 June 2013.
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