June 26, 2013

Company announcements: HAISAN, INGRESS, TOPGLOV, XIANLNG, KOSSAN, TOYOINK, CAB, YEN, BIOSIS

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

Announcement Type: General Announcement
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced26 Jun 2013  
CategoryGeneral Announcement
Reference NoHR-130626-54491

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

Unless otherwise defined, the definitions set out herein shall have the same meaning as those defined in the Company’s announcement dated 24 June 2013.


Further to the Company’s announcement dated 24 June 2013 (“Initial Announcement”) in respect of the Proposed Disposal of CSL Properties, the Board wishes to rectify the following sections of the Initial Announcement:

 

(i) Section 2.4.3(a):

 

the Vendor at its own cost and expense obtaining and delivering to the Purchaser’s Solicitors within two (2) months from the date of the SPA, the State Authority’s consent (“State Consent”) to the sale and transfer of the CSL Properties to the Purchaser.”

 

Should have been read as:

 

the Vendor at its own cost and expense obtaining and delivering to the Purchaser’s Solicitors within four (4) months from the date of the SPA, the State Authority’s consent (“State Consent”) to the sale and transfer of the CSL Properties to the Purchaser.”

 

(ii) Section 2.4.4.3(b)(ii):

 

“a sum of RM0.57 million shall be paid to the Purchaser by the Vendor as agreed liquidated damages within seven (7) days of the date of receipt of the aforesaid notice failing which interest at the rate of 8% p.a. shall be payable by the Vendor to the Purchaser on such sum outstanding from the date due until full payment thereof”

 

Should have been read as:

 

“a sum of RM0.57 million shall be paid to the Purchaser by the Vendor as agreed liquidated damages within fourteen (14) days of the date of receipt of the aforesaid notice failing which interest at the rate of 8% p.a. shall be payable by the Vendor to the Purchaser on such sum outstanding from the date due until full payment thereof”


This announcement is dated 26 June 2013.



HAISAN - HAISAN 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

Announcement Type: General Announcement
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced26 Jun 2013  
CategoryGeneral Announcement
Reference NoHR-130626-55826

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-130625-48547
SubjectHAISAN 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
DescriptionUnless otherwise defined, the definitions set out herein shall have the same meaning as those defined in the Company’s announcement dated 24 June 2013.

Further to the Company’s announcements dated 24 June 2013 (“Initial Announcement”) and 26 June 2013 in respect of the Proposed Disposal of CSL Properties, and in reply to the letter from Bursa Malaysia Securities Berhad dated 25 June 2013, the Board wishes to furnish the following additional information:-

1. The Proposed Disposal of CSL Properties is not subject to the shareholders’ approval;

2. The estimated time frame for the submission of the application to the relevant authorities is approximately two (2) months from the date of the SPA; and

3. A copy of the valuation report dated 1 December 2010 is available for inspection at the Registered Office of Haisan at Lot 506, Jalan Pelabuhan Utara, Bandar Sultan Suleiman 42000 Pelabuhan Klang, Selangor Darul Ehsan during normal business hours from Monday to Friday (except state public holidays) for a period being not less than three (3) months from the date of the Initial Announcement.

This announcement is dated 26 June 2013.
Query Letter Contents We refer to your announcement dated 24 June 2013 in respect of the above matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
1. Whether the Proposed Disposal is subject to the shareholders' approval.
2. The estimated time frame for submission of the application to the
relevant authorities.
3. The time and place where the valuation report may be inspected.


Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully



TAN YEW ENG
Head, Issuers
Listing Division, Regulation

TYE/NMA

c.c.General Manager & Head Market Surveillance Department, Market Oversight
Division,Securities Commission (via fax)

 



INGRESS - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameINGRESS CORPORATION BERHAD  
Stock Name INGRESS  
Date Announced26 Jun 2013  
CategoryGeneral Announcement
Reference NoIC-130626-63070

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionINGRESS CORPORATION BERHAD (“INGRESS” OR “COMPANY”)

CONDITIONAL TAKE-OVER OFFER BY RAMDAWI SDN BHD, DATUK RAMELI BIN MUSA AND DATO' DR AB WAHAB BIN ISMAIL (COLLECTIVELY, THE “JOINT OFFERORS”) THROUGH MAYBANK INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN INGRESS NOT ALREADY OWNED BY THE JOINT OFFERORS (“OFFER SHARES”) FOR A CASH OFFER PRICE OF RM1.85 PER OFFER SHARE (“OFFER”)
We refer to our announcements dated 16 April 2013, 7 May 2013, 22 May 2013, 6 June 2013, 17 June 2013, 19 June 2013, and 20 June 2013 in relation to the Offer and the offer document dated 7 May 2013 which sets out the details, terms and condition of the Offer (“Offer Document”).
We wish to announce that the Company has today received the attached press notice from Maybank IB, on behalf of the Joint Offerors, informing the Company that Ramdawi Sdn Bhd, being one of the Joint Offerors, has dealt in Ingress Shares on 26 June 2013.

Details of the dealings are as follows:

Transaction date
No. of Ingress Shares
Description of the transaction
Price
(RM)
Acquired
Disposed
    26 June 2013
1,111,600
-
Direct business transaction
RM1.84

This announcement is dated 26 June 2013.


TOPGLOV - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (Diperbadankan)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced26 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTG-130621-952AF

Particulars of substantial Securities Holder

NameKumpulan Wang Persaraan (Diperbadankan)
AddressAras 4,5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4,5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired20/06/2013
299,200
 

Circumstances by reason of which change has occurredPurchase of shares in open market by KWAP's Fund Manager
Nature of interestIndirect Interest
Direct (units)31,184,700 
Direct (%)5.0294 
Indirect/deemed interest (units)1,474,900 
Indirect/deemed interest (%)0.2379 
Total no of securities after change32,659,600
Date of notice25/06/2013

Remarks :
Top Glove Corporation Bhd received the Form 29B on 25/06/2013.


XIANLNG - Quarterly rpt on consolidated results for the financial period ended 30/4/2013

Announcement Type: Financial Results
Company NameXIAN LENG HOLDINGS BERHAD  
Stock Name XIANLNG  
Date Announced26 Jun 2013  
CategoryFinancial Results
Reference NoCU-130624-43726

Financial Year End31/01/2014
Quarter1
Quarterly report for the financial period ended30/04/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/04/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/04/2013
30/04/2012
30/04/2013
30/04/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
2,746
3,951
2,746
3,951
2Profit/(loss) before tax
-997
880
-997
880
3Profit/(loss) for the period
-1,036
-90
-1,036
-90
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,036
-90
-1,036
-90
5Basic earnings/(loss) per share (Subunit)
-1.42
-0.12
-1.42
-0.12
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 ($$)
0.6500
0.6700
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


KOSSAN - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameKOSSAN RUBBER INDUSTRIES BERHAD  
Stock Name KOSSAN  
Date Announced26 Jun 2013  
CategoryGeneral Meetings
Reference NoKR-130626-56589

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting25/06/2013
Time10:30 AM
VenueConcorde II, Level 2, Concorde Hotel Shah Alam
3 Jalan Tengku Ampuan Zabedah C 9C
40100 Shah Alam
Outcome of Meeting

Further to our announcement on the 33rd AGM held on 25 June 2013,
we wish to inform that resolutions No. 3 and 5 on the re-election of

Dato’ Tai Chang Eng @ Teh Chang Ying and Mr. Lim Kwan Hwa

respectively were withdrawn as both Dato’ Tai and Mr Lim do not wish to seek re-election.
This announcement is dated 26 June 2013.


TOYOINK - PROPOSED ACQUISITION OF ONE PIECE OF INDUSTRIAL LOT BY EDM-TOOLS (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FROM BSS DEVELOPMENT SDN. BHD. FOR A TOTAL CONSIDERATION OF RM3,634,015/- (“PROPOSED ACQUISITION”)

Announcement Type: General Announcement
Company NameTOYO INK GROUP BERHAD  
Stock Name TOYOINK  
Date Announced26 Jun 2013  
CategoryGeneral Announcement
Reference NoCS-130626-56508

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-130625-60867
SubjectPROPOSED ACQUISITION OF ONE PIECE OF INDUSTRIAL LOT BY EDM-TOOLS (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FROM BSS DEVELOPMENT SDN. BHD. FOR A TOTAL CONSIDERATION OF RM3,634,015/- (“PROPOSED ACQUISITION”)
DescriptionTOYO INK GROUP BERHAD (“TIGB” OR “THE COMPANY”)
PROPOSED ACQUISITION OF ONE PIECE OF INDUSTRIAL LOT BY EDM-TOOLS (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FROM BSS DEVELOPMENT SDN. BHD. FOR A TOTAL CONSIDERATION OF RM3,634,015/- (“PROPOSED ACQUISITION”).
Query Letter Contents We refer to your Company's announcement dated 21 June 2013 in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-

To state the percentage shareholdings of Matrix Concepts Holdings Berhad in BSS.
To state if the Purchaser needs to assume any other liabilities arising from
the transaction.
To state the manner in which the Balance Purchase Price will be satisfied
according to the Second Schedule of the SPA.
To clarify the refund arrangement in event of default by the Vendor.
To state the existing and future use of the Property.
To describe the prospects of the Property to be acquired.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully



SUZALINA HARUN
Head, Issuers
Listing Division
Regulation

WCY/NM
copy to:- General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax)

We refer to the Company's announcement made on 21 June 2013 in respect of the Proposed Acquisition (CS-130618-40827). Unless context otherwise stated, the terms used herein shall bear the same meaning as those defined in the said announcement.

In relation to the letter of query dated 25 June 2013 from Bursa Malaysia Securities Berhad, the Board of Directors of TIGB would like to provide additional information for public release.

Please refer to the attachment for the additional information for public release.



CAB - Changes in Sub. S-hldr's Int. (29B) - Tan Chin Tee

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameCAB CAKARAN CORPORATION BERHAD  
Stock Name CAB  
Date Announced26 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCP-130626-13895

Particulars of substantial Securities Holder

NameTan Chin Tee
Address23 Jalan SS 14/8, Subang Jaya, 47500 Petaling Jaya, Selangor
NRIC/Passport No/Company No.600209-07-5185
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderTan Chin Tee
23 Jalan SS 14/8, Subang Jaya, 47500 Petaling Jaya, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired21/06/2013
36,400
0.541 

Circumstances by reason of which change has occurredAcquisition
Nature of interestDeemed Interest
Direct (units)6,455,000 
Direct (%)4.91 
Indirect/deemed interest (units)3,557,000 
Indirect/deemed interest (%)2.7 
Total no of securities after change10,012,000
Date of notice26/06/2013

Remarks :
Based on the paid-up capital of the Company of RM65,780,450 divided into 131,560,900 ordinary shares of RM0.50 each, exclusive of 218,200 ordinary shares of RM0.50 each held as treasury shares as at 21 June 2013.


YEN - Quarterly rpt on consolidated results for the financial period ended 30/4/2013

Announcement Type: Financial Results
Company NameYEN GLOBAL BERHAD  
Stock Name YEN  
Date Announced26 Jun 2013  
CategoryFinancial Results
Reference NoCC-130625-57952

Financial Year End31/07/2013
Quarter3
Quarterly report for the financial period ended30/04/2013
The figureshave not been audited

Attachments

Yen_Qtr Rpt-Apr 2013.xls
117 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/04/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/04/2013
30/04/2012
30/04/2013
30/04/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
8,426
9,285
30,082
29,671
2Profit/(loss) before tax
-49
-996
1,064
-1,949
3Profit/(loss) for the period
-85
-1,007
1,022
-2,584
4Profit/(loss) attributable to ordinary equity holders of the parent
-44
-1,046
946
-2,600
5Basic earnings/(loss) per share (Subunit)
-0.04
-0.84
0.76
-2.08
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 ($$)
0.3940
0.3857
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


BIOSIS - PRACTICE NOTE 17 / GUIDANCE NOTE 3:FIRST ANNOUNCEMENT

Announcement Type: General Announcement
Company NameBIOSIS GROUP BERHAD  
Stock Name BIOSIS  
Date Announced26 Jun 2013  
CategoryGeneral Announcement
Reference NoCM-130626-61310

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
FIRST ANNOUNCEMENT
DescriptionBIOSIS GROUP BERHAD ("BIOSIS" or "the Company")
Announcement pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

1. INTRODUCTION

Pursuant to paragraph 8.04 and paragraph 2.1(e) of Practice Note 17 ("PN17") the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities") where the auditors have expressed an emphasis of matter on BIOSIS’ ability to continue as a going concern in the latest audited financial statements, the Board of Directors of BIOSIS wishes to announce that BIOSIS is considered as a PN17 Company.

The PN17 criteria triggered as a result of the Company’s latest unaudited accounts for the financial year ended 31 March 2013 that was announced on 31 May 2013 where the Company’s shareholders’ equity on a consolidated basis is 50% or less of the issued and paid-up capital (“the First Announcement”).

2. OBLIGATIONS OF THE COMPANY PURSUANT TO PN17

Pursuant to paragraph 8.04(3) of the MMLR, BIOSIS is required to comply with the following:

(i) Announce within 3 months from the First Announcement, on whether the regularisation plan will result in a significant change in the business direction or policy of the Company;

(ii) Within 12 months from the date of the First Announcement:

(a) submit a regularisation plan to the Securities Commission ("SC") if the plan will result in a significant change in the business direction or policy of the Company;

(b) submit a regularisation plan to Bursa Securities if the plan will not result in a significant change in business direction or policy of the Company, and obtain Bursa Securities' approval to implement the plan.

(iii) Implement the regularisation plan within the time frame stipulated by the SC or Bursa Securities, as the case may be;

(iv) Announce the status of its regularisation plan and the number of months the end of the relevant time frames referred in paragraphs 5.1 and 5.2 of PN17, as may be applicable, on a monthly basis until further notice from Bursa Securities;

(v) Announce its compliance or non-compliance with a particular obligation imposed pursuant to PN17, on immediate basis;

(vi) Announce the details of the regularisation plan ("Requisite Announcement") and sufficient information to demonstrate that the Company is able to comply with all the requirements set out in paragraph 3.1 of PN17 after implementation of the regularisation plan. The Requisite Announcement must be made by the Company's Principal Adviser; and

(vii) Where the Company fails to regularise its condition, it will announce the dates of suspension and de-lisitng of its listed securities immediately upon notification of suspension and de-lisitng by Bursa Securities.

3. CONSEQUENCES OF NON-COMPLIANCE OF WITH THE OBLIGATIONS

In the event the Company fails to comply with the obligations to regularise its condition, all its listed securities will be suspended from trading on the next market day after five (5) market days from the date of notification of suspension and de-listing by Bursa Securities and de-listing procedures shall be taken against the Company, subject to the Company's right to appeal against de-listing.

4. STATUS OF REGULARISATION PLAN

The Company intends to formulate a regularisation plan to address its PN17 status and this will be announced to Bursa Securities in due course.

This announcement is dated 26 June 2013.



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