June 27, 2013

Company announcements: SILKHLD, MASTEEL, HOKHENG, HARTA, TATGIAP, TAMBUN-WA, MSM, PAVREIT, DSONIC

SILKHLD - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameSILK HOLDINGS BERHAD  
Stock Name SILKHLD  
Date Announced27 Jun 2013  
CategoryGeneral Announcement
Reference NoCA-130621-55111

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionACCEPTANCE OF FINANCING ARRANGEMENTS TOTALING RM2.196 MILLION

1. INTRODUCTION

The Board of Directors (“Board”) of Silk Holdings Bhd (“SILK”) would like to announce that Jasa Merin (Malaysia) Sdn. Bhd. (“JM”), a 70% subsidiary of SILK held through AQL Aman Sdn. Bhd. (“AQL”) had on 13 May 2013 entered into two (2) financing arrangements with Maybank Islamic Berhad (“Maybank Islamic”) for facilities totaling RM2.196 Million.

2. DETAILS OF THE BORROWINGS

(a)

Borrower

:

Jasa Merin (Malaysia) Sdn. Bhd.

Loan Amount

:

RM1.098 Million

Purpose

:

To part finance the upgrading costs of vessel’s positioning system to DP1 (Dynamic Positioning System 1) for Hull 20094 named JM Permai

Tenure

:

Three (3) years

(b)

Borrower

:

Jasa Merin (Malaysia) Sdn. Bhd.

Loan Amount

:

RM1.098 Million

Purpose

:

To part finance the upgrading costs of vessel’s positioning system to DP1 (Dynamic Positioning System 1) for Hull 20093 named JM Purnama

Tenure

:

Three (3) years

3. SECURITY

i. SILK and AQL had on 13 May 2013 entered into separate Corporate Guarantee agreements favouring Maybank Islamic for a total of RM2,639,050.88 as security for the above facilities granted to JM,

ii. The aforesaid Corporate Guarantees are provided by SILK as the ultimate corporate shareholder of JM, and by AQL as immediate corporate shareholder of JM.

The provision of the Corporate Guarantees by SILK and AQL respectively was upon the request of Maybank Islamic for the granting of facilities to JM. As such, the Corporate Guarantee is necessary to facilitate the ordinary course of business of JM.

4. FINANCIAL IMPACT OF THE BORROWINGS

The acceptance of the facility will not have any material effect on the net assets, earnings per share and has no effect on the share capital and Major Shareholders’ shareholding of the Group for the financial year ended 31 July 2013.

5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the facility.

6. DIRECTORS’ STATEMENT


The Board of SILK is of the opinion the provision of the Corporate Guarantees are in the best interest of SHB Group.


This announcement is dated 27 June 2013.



MASTEEL - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameMALAYSIA STEEL WORKS (KL) BHD  
Stock Name MASTEEL  
Date Announced27 Jun 2013  
CategoryGeneral Meetings
Reference NoCC-130626-56525

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting27/06/2013
Time03:00 PM
VenueRebana Hall, Level 1, Convention Centre, Grand BlueWave Hotel Shah Alam, Persiaran Perbandaran, Seksyen 14, 40000 Shah Alam, Selangor Darul Ehsan
Outcome of Meeting
MALAYSIA STEEL WORKS (KL) BHD ("Masteel" or "the Company")
- FORTY-FIRST ANNUAL GENERAL MEETING ("41st AGM")

The Board of Directors of Masteel is pleased to inform that the shareholders of the Company have at the 41st AGM held on Thursday, 27 June 2013, approved all resolutions as set out in the Notice of the 41st AGM contained in the Annual Report for the year 2012 of the Company.

This announcement is dated 27 June 2013.


MASTEEL - OTHERS Malaysia Steel Works (KL) Bhd ("Masteel" or "the Company") - New rolling mill steel bar expansion project (“Project”)

Announcement Type: General Announcement
Company NameMALAYSIA STEEL WORKS (KL) BHD  
Stock Name MASTEEL  
Date Announced27 Jun 2013  
CategoryGeneral Announcement
Reference NoCC-130627-40544

TypeAnnouncement
SubjectOTHERS
DescriptionMalaysia Steel Works (KL) Bhd ("Masteel" or "the Company")
- New rolling mill steel bar expansion project (“Project”)

1. INTRODUCTION

The Board of Directors of Masteel is pleased to announce that the Company intends to invest approximately RM90 – 100 million in constructing a new steel mill for the expansion of its steel bars production capacity. The new rolling mill will be located in Bukit Raja, Klang, adjacent to the current Meltshop, where the feedstock for its new rolling mill will be drawn upon. Major plant and equipments for the construction of the Project is sought from North Asia and construction works will be carried out by various local contractors.


2. RATIONALE

With the investment of this Project, the Company would be able to meet the globally growing demands of customers, especially in Asia Pacific Region. The Project will be completed in 18-24 months and it will create many employment opportunities.

The Project will enable the Company to expand its production capacity to produce 200,000 metric tonnes per annum (MTpa) of various sizes steel bars, thus allowing the Company to become a major steel bar producer for a comprehensive range of steel bars products under one roof. The current total production capacity for steel bar is 350,000 MTpa.


3. FINANCIAL EFFECTS OF THE PROJECT

The estimated investment cost of RM90 – 100 million will be funded by both internally generated funds and bank financing vide a term loan of RM65.0 million.

The Project is not expected to have any material financial impact during its construction phase and is expected to contribute positively to the Group’s earnings in the future when the benefits of the Project are realized.


4. APPROVALS REQUIRED

The Project is not subject to approval of the shareholders of Masteel.


5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders of Masteel and/or persons connected to them have any interest, direct or indirect, in relation to the Project.


6. STATEMENT BY BOARD

The Board of Directors of Masteel, after considering the Project, is of the opinion that the Project is in the best interest of Masteel.


This announcement is dated 27 June 2013.


HOKHENG - OTHERS HOCK HENG STONE INDUSTRIES BHD. (“HOCK HENG”) - Notification pursuant to Paragraph 9.19(15) of Chapter 9 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad on Change of External Auditors

Announcement Type: General Announcement
Company NameHOCK HENG STONE INDUSTRIES BHD  
Stock Name HOKHENG  
Date Announced27 Jun 2013  
CategoryGeneral Announcement
Reference NoCS-130627-52779

TypeAnnouncement
SubjectOTHERS
DescriptionHOCK HENG STONE INDUSTRIES BHD. (“HOCK HENG”)
- Notification pursuant to Paragraph 9.19(15) of Chapter 9 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad on Change of External Auditors

The Board of Directors of HOCK HENG wishes to announce that Messrs. Crowe Horwath have been appointed as the Auditors of the Company in place of the retiring Auditors, Messrs. Ernst & Young, to hold office until the conclusion of the next Annual General Meeting at a remuneration to be agreed between the Directors and the Auditors, at the Fourth Annual General Meeting of the Company held on Thursday, 27 June 2013.


This announcement is dated
27 June 2013.



HARTA - 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 NameHARTALEGA HOLDINGS BERHAD  
Stock Name HARTA  
Date Announced27 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-130627-A3668

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARD
AddressTINGKAT 19,BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR.
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARE OF RM0.50 EACH
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD
LEVEL 42, MENARA CITIBANK, 165, JALAN AMPANG, 50450 KUALA LUMPUR.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired24/06/2013
300,000
 

Circumstances by reason of which change has occurredACQUIRED
Nature of interestDIRECT
Direct (units)300,000 
Direct (%)0.04 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change40,979,800
Date of notice25/06/2013

Remarks :
1) Percentage of share transacted = 0.04%
2) Form 29B was received on 27 June 2013


TATGIAP - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameTATT GIAP GROUP BERHAD  
Stock Name TATGIAP  
Date Announced27 Jun 2013  
CategoryChange in Boardroom
Reference NoCC-130627-5654

Date of change27/06/2013
NameZAINAL ABIDIN BIN AB. RAHMAN
Age65
NationalityMalaysian
DesignationExecutive Director
DirectorateExecutive
Type of changeResignation
ReasonThe resignation follows his decision to retire from the Board of Directors of TatGiap.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuer 
Any conflict of interests that he/she has with the listed issuer 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect Interest
Direct (Units) : 400,000
Direct (%) : 0.392 

Remarks :
This announcement is dated 27 June 2013.


TAMBUN-WA - Changes in Director's Interest (S135) - Thaw Yeng Cheong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTAMBUN INDAH LAND BERHAD  
Stock Name TAMBUN-WA  
Date Announced27 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130627-0041D

Information Compiled By KLSE

Particulars of Director

NameThaw Yeng Cheong
AddressNo. 6 Lorong Tambun Indah 16, Taman Tambun Indah, 14100 Simpang Ampat, Penang
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
26/06/2013
10,000
0.680 
Acquired
26/06/2013
10,000
0.685 

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

Total no of securities after change

Direct (units)30,000 
Direct (%)0.08 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice27/06/2013

Remarks :
The total percentage of securities acquired is 0.05%. This announcement is also made to comply with Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


MSM - Changes in Director's Interest (S135) - Raja Anuar Raja Abu Hassan (Amended Announcement)

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMSM MALAYSIA HOLDINGS BERHAD  
Stock Name MSM  
Date Announced27 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoMH-130627-40058

Information Compiled By KLSE

Particulars of Director

NameRaja Anuar Raja Abu Hassan
AddressNo. 39, Jalan USJ 9/3E,
UEP Subang Jaya, 47620 Subang Jaya,
Selangor.
Descriptions(Class & nominal value)Ordinary Share of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
26/06/2013
20,000
5.010 

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

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice26/06/2013

Remarks :
This announcement is made pursuant to Paragraph 14.09 of the Bursa Malaysia Main Market Listing Requirements.


PAVREIT - 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 NamePAVILION REAL ESTATE INVESTMENT TRUST  
Stock Name PAVREIT  
Date Announced27 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPR-130627-42701

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARD
AddressTINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT
50350 KUALA LUMPUR
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)UNITS IN PAVILION REAL ESTATE INVESTMENT TRUST ("Pavilion REIT")
Name & address of registered holder1) CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD
LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG
50450 KUALA LUMPUR (Total: 144,533,800)

2) CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FD BD (KIB)
LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG
50450 KUALA LUMPUR (Total: 2,504,000)

3) CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FD BD (CIMB PRI)
LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG
50450 KUALA LUMPUR (Total: 13,584,300)

4) EMPLOYEES PROVIDENT FUND BOARD
TINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT
50350 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Transferred24/06/2013
1,500,000
 
Acquired24/06/2013
603,900
 
Disposed24/06/2013
720,800
 

Circumstances by reason of which change has occurred1) TRANSFER OF 1,500,000 UNITS BY CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD TO EMPLOYEES PROVIDENT FUND BOARD.

2) ACQUISITION OF 603,900 UNITS BY CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FD BD (KIB).

3) DISPOSAL OF 720,800 UNITS BY CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FD BD (CIMB PRI).
Nature of interestDIRECT
Direct (units)160,505,200 
Direct (%)5.34 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change160,505,200
Date of notice25/06/2013

Remarks :
1) 143,033,800 units are registered in the name of CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD after the transfer of units to EMPLOYEES PROVIDENT FUND BOARD.

2) 1,500,000 units are registered in the name of EMPLOYEES PROVIDENT FUND BOARD.

3) 3,107,900 units are registered in the name of CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FD BD (KIB) after the acquisition.

4) 12,863,500 units are registered in the name of CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FD BD (CIMB PRI) after the disposal.

The notice was received by the Company on 27 June 2013.


DSONIC - Changes in Director's Interest (S135) - Dato' Wan Mohd Safiain Bin Wan Hasan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameDATASONIC GROUP BERHAD  
Stock Name DSONIC  
Date Announced27 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130627-70AA0

Information Compiled By KLSE

Particulars of Director

NameDato' Wan Mohd Safiain Bin Wan Hasan
Address129, Taman Desa Minang, 68100 Batu Caves,
Selangor Darul Ehsan
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
25/06/2013
80,000
 

Circumstances by reason of which change has occurredTransfer of shares from the account of Dato' Wan Mohd Safiain Bin Wan Hasan to AllianceGroup Nominees (Tempatan) Sdn Bhd pledged account for Dato' Wan Mohd Safiain Bin Wan Hasan
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)196,000 
Direct (%)0.22 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice25/06/2013

Remarks :
The total direct shareholdings of 196,000 ordinary shares of RM0.50 each are registered in the name of AllianceGroup Nominees (Tempatan) Sdn Bhd pledged account for Dato' Wan Mohd Safiain Bin Wan Hasan.

The Directors' notice was received by the Company on 27 June 2013.


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