June 14, 2013

Company announcements: NHFATT, MAGNI, SMPC, UCHITEC, KBB, PWROOT, EWEIN

NHFATT - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameNEW HOONG FATT HOLDINGS BERHAD  
Stock Name NHFATT  
Date Announced14 Jun 2013  
CategoryGeneral Announcement
Reference NoCC-130614-1F3C7

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionLITIGATION BETWEEN NEW HOONG FATT AUTO SUPPLIES SDN BHD (“NHFAS”) WITH EAGLE EYES AUTO LAMPS CENTRE SDN BHD (“EAGLE EYES”)
Reference is made to the announcements dated 13 January 2009, 14 April 2010, 15 April 2010 and 11 April 2011 pertaining to the litigation action taken by NHFAS, a wholly-owned subsidiary of New Hoong Fatt Holdings Berhad (“NHFHB”), against Eagle Eyes in respect of Registered Design No. MY 07-00783-0101 (“Litigation”).
The Board of Directors of NHFHB wishes to announce that the Litigation had been fully resolved and concluded with Eagle Eyes having paid legal costs due to NHFAS on 13 June 2013.

This announcement is dated 14 June 2013.


MAGNI - Changes in Director's Interest (S135) - Tan Sri Dato' Seri Tan Kok Ping

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMAGNI-TECH INDUSTRIES BERHAD  
Stock Name MAGNI  
Date Announced14 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130614-B845E

Information Compiled By KLSE

Particulars of Director

NameTan Sri Dato' Seri Tan Kok Ping
Address10 Jesselton Road, 10450 Penang
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)
Disposed
13/06/2013
2,000
2.040 

Circumstances by reason of which change has occurredOpen market disposals
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)7,038,627 
Direct (%)6.49 
Indirect/deemed interest (units)15,665,139 
Indirect/deemed interest (%)14.44 
Date of notice14/06/2013


MAGNI - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dato' Seri Tan Kok Ping

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAGNI-TECH INDUSTRIES BERHAD  
Stock Name MAGNI  
Date Announced14 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130614-B836F

Particulars of substantial Securities Holder

NameTan Sri Dato' Seri Tan Kok Ping
Address10 Jesselton Road, 10450 Penang
NRIC/Passport No/Company No.461117-71-5053
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holder1) Mayban Nominees (Tempatan) Sdn. Bhd. of 14th Floor, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur
2) UOB Kay Hian Securities (M) Sdn. Bhd. ("UOB") of 1st Floor, Bangunan Heng Guan, 171 Jalan Burmah, 10050 Penang
3) UOB of 1st Floor, Bangunan Heng Guan, 171 Jalan Burmah, 10050 Penang (Pledged securities account for KP Holdings Sdn. Bhd.)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed13/06/2013
2,000
 

Circumstances by reason of which change has occurredOpen market disposals
Nature of interestDirect
Direct (units)7,038,627 
Direct (%)6.49 
Indirect/deemed interest (units)14,149,639 
Indirect/deemed interest (%)13.04 
Total no of securities after change21,188,266
Date of notice14/06/2013


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

Announcement Type: General Announcement
Company NameMAGNI-TECH INDUSTRIES BERHAD  
Stock Name MAGNI  
Date Announced14 Jun 2013  
CategoryGeneral Announcement
Reference NoCC-130614-B8510

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionNotification of dealings by a Director in the securities of Magni-Tech Industries Berhad ("Magni" or "the Company") during closed period.
In accordance with paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Tan Sri Dato' Seri Tan Kok Ping, a Director of Magni had transacted dealings in the securities of Magni during closed period. The details as set out in the Table below.

Name of Director : Tan Sri Dato' Seri Tan Kok Ping

Open Market Disposals
Date
Price
(RM per share)
No. of shares
disposed
% of shares
disposed
13.06.2013
2.04
2,000
negligible

This announcement is dated 14 June 2013.


SMPC - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameSMPC CORPORATION BHD  
Stock Name SMPC  
Date Announced14 Jun 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-130611-55424

Date of buy back from03/06/2013
Date of buy back to11/06/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)2,402,100
Minimum price paid for each share purchased ($$)0.805
Maximum price paid for each share purchased ($$)0.850
Total amount paid for shares purchased ($$)2,004,899.43
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)2,402,100
Total number of shares retained in treasury (units)2,697,200
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies14/06/2013
Lodged by Symphony Corporatehouse Sdn. Bhd., Ipoh

Remarks :
This announcement is dated 14 June 2013.


UCHITEC - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameUCHI TECHNOLOGIES BERHAD  
Stock Name UCHITEC  
Date Announced14 Jun 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCP-130613-54122

Date of buy back from31/05/2013
Date of buy back to31/05/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)100
Minimum price paid for each share purchased ($$)1.330
Maximum price paid for each share purchased ($$)1.330
Total amount paid for shares purchased ($$)174.04
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)100
Total number of shares retained in treasury (units)7,070,200
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies14/06/2013
Lodged by Tricor Corporate Services Sdn. Bhd.

Remarks :
The amount paid for shares purchased is inclusive of brokerage, stamp duty and clearing house fee.


KBB - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameKBB RESOURCES BERHAD  
Stock Name KBB  
Date Announced14 Jun 2013  
CategoryGeneral Announcement
Reference NoOS-130613-C5BC2

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionKBB RESOURCES BERHAD (“KBB” OR “COMPANY”)

(I) PROPOSED PAR VALUE REDUCTION;

(II) PROPOSED RIGHTS ISSUE WITH WARRANTS ; AND

(III) PROPOSED AMENDMENT

(COLLECTIVELY, REFERRED TO AS “PROPOSALS”)


(All abbreviations used in this announcement are defined in the announcement dated 3 April 2013)

 

Further to the announcements dated 3 April 2013 and 4 April 2013 in relation to the Proposals, M&A Securities on behalf of the Board wishes to announce the following:

 

(i) the Company had on 13 June 2013 procured irrevocable written undertakings from Dato’ Sri Chin Seak Huat (“DSCSH”) and Dato’ Sri Navaneethakrishner A/L Kathirgamatamby (“DSNK”), the directors and substantial shareholders of KBB, to subscribe in full for their entitlements for the Rights Shares and excess applications of up to 60,000,000 Rights Shares to meet the subscription level under the Minimum Scenario (“Undertakings”).

 

The details of the Undertakings pursuant to the Minimum Scenario are set out in the table below:

 

 

 

 

 

 

Name

 

No. of Shares held as at the date of this Announcement

 

No. of Rights Shares entitled

 

 

 

 

No. of excess application

 

Total of Shares subscribed under the Undertakings

 

 

(‘000)

%

(‘000)

%

(‘000)

%

(‘000)

%

 

 

 

 

 

 

 

 

 

DSCSH

16,650

13.88

16,650

27.75

13,350

22.25

30,000

50.00

 

 

 

 

 

 

 

 

 

DSNK

5,900

4.92

5,900

9.83

24,100

40.17

30,000

50.00

 

 

 

 

 

 

 

 

 

Total

22,550

18.80

22,550

37.58

37,450

62.42

60,000

100.00








 

The effects of the Undertakings on the substantial shareholders’ shareholdings based on the Minimum Scenario (assuming that none of the Entitled Shareholders subscribed for the Proposed Rights Issue with Warrants) are as follows:


 

(I)

(II)

(III)

 

As at the date of this Announcement and after the Par Value Reduction

 

After (I) and the Proposed Rights Issue with Warrants

 

After (II) and the exercise of Warrants

 

--Direct-

-Indirect-

-Direct--

-Indirect

--Direct--

-Indirect--

 

No. of shares

%

No. of shares

%

No. of shares

%

No. of shares

%

No. of shares

%

No. of shares

%

 

‘000

 

‘000

 

‘000

 

‘000

 

‘000

 

‘000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DSCSH

16,650

13.88

-

-

46,650

25.92

-

-

76,650

31.94

-

-

DSNK (1)

5,900

4.92

4,355

3.63

35,900

19.94

4,355

2.42

65,900

27.46

4,355

1.81

Datin Sri Harumi Takizawa (2)

4,355

3.63

5,900

4.92

4,355

2.42

35,900

19.94

4,355

1.81

65,900

27.46


Notes:

 

(1) Deemed interested pursuant to Section 6A of the Act by virtue of his spouse shareholdings in the Company.

 

 

 

(2) Deemed interested pursuant to Section 6A of the Act by virtue of her spouse shareholdings in the Company.



(ii) the Board has proposed to revise the utilisation of proceeds of the Proposed Rights Issue with Warrants to be as follows:

 

 

Based on the issue price of RM0.18 per Rights Share, the Proposed Rights Issue with Warrants shall raise gross proceeds of RM10.8 million (under the Minimum Scenario) and RM21.6 million (under the Maximum Scenario).

 

The details of the utilisation of gross proceeds are as follows:


Details

Minimum

Scenario

Maximum Scenario

 

RM

(‘000)

RM

(‘000)

Timeframe of Utilisation

 

 

 

(from the listing of the Rights Shares)

Working Capital *

7,900

16,200

Within 12 months

 

 

 

 

Capital Expenditure #

2,500

5,000

Within 24 months

 

 

 

 

Expenses relating to the Proposals ^

400

400

Within 3 months

 

 

 

 

 

10,800

21,600

 

 

Notes:

* The working capital will be mainly utilised to finance the growth of its existing business which include the following:

 

Minimum

Scenario

 

Maximum Scenario

 

Details

RM (‘000)

%

RM (‘000)

%

 

 

 

 

 

Payment to supplier (i)

2,000

25.32

4,000

24.69

Labour cost (ii)

2,000

25.32

3,000

18.52

Purchase of raw materials (iii)

2,000

25.32

7,000

43.21

Other Working Capital Requirement Expenses (iv)

1,900

24.04

2,200

13.58

 

7,900

100.00

16,200

100.00

 

Notes:

 

(i) Consists of payment for the outstanding amount due to trade payables including but not limited to sago starch supplier, corn starch supplier, broken rice supplier and packing materials supplier.

(ii) Comprises labour salaries and benefits.

 

(iii) Comprises the purchase of raw materials including broken rice, sago starch, corn starch and tapioca starch.

 

(iv) Comprises payment for maintenance of equipment and appliances used in the Group’s production operations and other production operations related purposes.

 

# Comprises capital expenditure which may include and but not limited to purchase of vermicelli cooker, automatic dryer, stainless-steel trolley, rice washing tank, hammer mill and dewatering machining that comes with mixing.

 

^ In the event that the actual expense is less than the allocated amount, the excess allocated amount shall be utilised as working capital for the KBB Group.

 

 

(iii) the listing application has been submitted to Bursa Malaysia on 14 June 2013 for the listing of and quotation for:

 

(a) Up to 120,000,000 Rights Shares in KBB to be issued pursuant to the Proposed Rights Issue with Warrants;

 

(b)  Up to 120,000,000 Warrants to be issued together with the Rights Shares pursuant to the Proposed Rights Issue with Warrants; and

 

(c)  Up to 120,000,000 new KBB Shares to be issued pursuant to the exercise of Warrants.

 

 

(iv) the application has been submitted to Bank Negara Malaysia on 14 June 2013 for the issuance of:

 

(a)  Up to 120,000,000 Warrants to the non-resident shareholders pursuant to the Proposed Rights Issue with Warrants; and

 

(b) Any further Warrants to the non-resident shareholders/investors pursuant to the adjustments in accordance with the terms of the deed poll constituting the Warrants to be executed.

 

This announcement is dated 14 June 2013.

 



PWROOT - Changes in Director's Interest (S135) - Dato' How Say Swee

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePOWER ROOT BERHAD  
Stock Name PWROOT  
Date Announced14 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoC&-130614-F6054

Information Compiled By KLSE

Particulars of Director

NameDato' How Say Swee
AddressNo 8 Jalan Austin Heights 2/15,
Taman Austin Heights,
81100 Johor Bahru
Descriptions(Class & nominal value)Ordinary shares of RM0.20 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
11/06/2013
55,000
2.241 

Circumstances by reason of which change has occurredAcquisition of Shares
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)55,993,330 
Direct (%)18.66 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice14/06/2013

Remarks :
a) The above acquisition represented 0.0183% of the total issued and fully paid-up share capital of the Company.

b) This announcement serves as an announcement pursuant to paragraph 14.09(a) of the Main Market Listing Requirement dealing outside closed period.


PWROOT - Changes in Sub. S-hldr's Int. (29B) - Dato' How Say Swee

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePOWER ROOT BERHAD  
Stock Name PWROOT  
Date Announced14 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-130614-F6048

Particulars of substantial Securities Holder

NameDato' How Say Swee
AddressNo 8 Jalan Austin Heights 2/15,
Taman Austin Heights,
81100 Johor Bahru
NRIC/Passport No/Company No.630807-04-5469
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderDato' How Say Swee
No 8 Jalan Austin Heights 2/15,
Taman Austin Heights,
81100 Johor Bahru

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired11/06/2013
55,000
2.241 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect Interest
Direct (units)55,938,330 
Direct (%)18.65 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change55,993,330
Date of notice14/06/2013

Remarks :
a) The above acquisition represented 0.0183% of the total issue and fully paid-up share capital of the Company


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

Announcement Type: General Announcement
Company NameEWEIN BERHAD  
Stock Name EWEIN  
Date Announced14 Jun 2013  
CategoryGeneral Announcement
Reference NoCC-130613-29565

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of the Listing Requirements of Bursa Malaysia Securities Berhad, we have received notification from the following director in relation to Hijauwasa Sdn Bhd's dealings in the warrants of Ewein Berhad:-

This announcement is dated 14 June 2013.

Name

Date Transacted

Opening Balance

Acquisition/

(Disposal)

% of securities acquired or disposed

Closing Balance

% of securities held after acquisition or disposal


Ordinary Shares

 

 

 

 

 

 

 

Direct Interest

 

 

 

 

 

 

 

Dato’ Ewe Swee Kheng

-

50,000

-

-

50,000

0.05

 

Deemed Interest

 

 

 

 

 

 

 

Hijauwasa Sdn Bhd

-

44,888,955

 

-

-

44,888,955

 

42.56

 

Warrants

 

 

 

 

 

 

 

Direct Interest

 

 

 

 

 

 

 

Dato’ Ewe Swee Kheng

-

25,000

-

-

25,000

0.05

 

Deemed Interest

 

 

 

 

 

 

 

Hijauwasa Sdn Bhd

 

12-06-2013

 

 

 

22,380,374

 

 

441,900

 

 

 

0.838

 

 

 

22,822,274

 

 

 

43.28

 

 

 

 

 



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