June 11, 2013

Company announcements: STAR, ASTRO, YTLPOWR, DIGI, BINTAI, BGYEAR

STAR - Changes in Sub. S-hldr's Int. (29B) - Oversea-Chinese Banking Corporation Limited ("OCBC")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSTAR PUBLICATIONS (MALAYSIA) BERHAD  
Stock Name STAR  
Date Announced11 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSP-130611-53124

Particulars of substantial Securities Holder

NameOversea-Chinese Banking Corporation Limited ("OCBC")
Address65 Chulia Street, #09-00 OCBC Centre, Singapore 049513
NRIC/Passport No/Company No.193200032W
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each fully paid
Name & address of registered holder1. Malaysia Nominees (Tempatan) Sdn Bhd
for A/C Great Eastern Life Assurance (Malaysia) Bhd ("GELM")
Level 13 Menara OCBC
18 Jalan Tun Perak
50100 Kuala Lumpur
(Existing shareholding)

2. Malaysia Nominees (Tempatan) Sdn Bhd
for A/C Overseas Assurance (Malaysia) Bhd ("OACM")
Level 13, Menara OCBC
18 Jalan Tun Perak
50100 Kuala Lumpur
(Existing shareholding)

3. CIMB Commerce Trustee Bhd account for Pacific Income Fund
5th Floor Bangunan CIMB
Jalan Semantan, Damansara Heights,
50490 Kuala Lumpur
(Shareholding held by Unit Trust Fund and Private Mandate Portfolio managed by Pacific Mutual Fund Bhd ("PMFB"))

4. AmTrustee Bhd a/c for Pacific SELECT Balance Fund
22nd Floor, Bangunan AmBank Group
No. 55 Jalan Raja Chulan
50200 Kuala Lumpur
(Existing shareholding held by Unit Trust Fund and Private Mandate Portfolio managed by PMFB)

5. Universal Trustee (Malaysia) Bhd a/c for Pacific Premier Fund
1 Jalan Ampang
3rd Floor
50450 Kuala Lumpur
(Existing shareholding held by Unit Trust Fund and Private Mandate Portfolio managed by PMFB)

6. OSK Trustees Bhd a/c for Nirvana Memorial Park Sdn Bhd (Sibu)
OSK Trustees Bhd a/c for Nirvana Memorial Park Sdn Bhd (Kota Kinabalu)
OSK Trustees Bhd a/c for Nirvana Memorial Park Sdn Bhd (Kulai)
6th Floor Plaza OSK
Jalan Ampang
50450 Kuala Lumpur
(Shareholding held by Unit Trust Fund and Private Mandate Portfolio managed by PMFB)

7. HSBC (Malaysia) Trustee Bhd a/c for Pacific Asia Brands Fund
HSBC (Malaysia) Trustee Bhd a/c for Pacific Global Stars Fund
HSBC (Malaysia) Trustee Bhd a/c for HSBC Amanah LifeSelect Equity Fund
HSBC (Malaysia) Trustee Bhd a/c for Pertubuhan Keselamatan Sosial
13th Floor, Bangunan HSBC, South Tower
No. 2 Leboh Ampang
50100 Kuala Lumpur
(Existing shareholding held by Unit Trust Fund and Private Mandate Portfolio managed by PMFB)

8. AmTrustee Berhad a/c for Pacific Dividend Fund (UT-PM-DIV)
AmTrustee Bhd a/c for Malaysia France Institute Sdn Bhd
AmTrustee Bhd a/c for Pacific SELECT Income Fund
AmTrustee Bhd a/c for BAZ Sdn Bhd
AmTrustee Bhd a/c for Pacific Pearl Fund
22nd Floor, Bangunan AmBank Group
No. 55 Jalan Raja Chulan
50200 Kuala Lumpur
(Existing shareholding held by Unit Trust Fund and Private Mandate Portfolio managed by PMFB)

9. CIMB Islamic Trustee Bhd a/c for Pacific ELIT Dana Aman
CIMB Islamic Trustee Bhd account for Pacific Dana Aman
CIMB Commerce Trustee Bhd a/c for Pacific ELITE Global Strategic Fund
CIMB Commerce Trustee Berhad for account Pacific ELITE Global Dividend Fund
CIMB Islamic Trustee Bhd a/c for Pacific Dynamic Trader Fund
CIMB Commerce Trustee Bhd a/c for Pacific ELITE Emerging Markets Fund
CIMB Commerce Trustee Bhd a/c for Pacific Millenium Fund
5th Floor Bangunan CIMB
Jalan Semantan, Damansara Heights,
50490 Kuala Lumpur
(Existing shareholding held by Unit Trust Fund and Private Mandate Portfolio managed by PMFB)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/06/2013
19,000
 
Disposed07/06/2013
159,200
 

Circumstances by reason of which change has occurredSale of shares (Shareholding held by Unit Trust Fund and Private Mandate Portfolio managed by Pacific Mutual Fund Bhd [PMFB])
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)41,689,400 
Indirect/deemed interest (%) 
Total no of securities after change41,689,400
Date of notice11/06/2013

Remarks :
As GELM, OACM and PMFB are subsidiaries of OCBC, OCBC is deemed to have an
interest under Section 6A(4)(C) of the Companies Act, 1965.


STAR - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management PLC and its Subsidiaries

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSTAR PUBLICATIONS (MALAYSIA) BERHAD  
Stock Name STAR  
Date Announced11 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSP-130611-36807

Particulars of substantial Securities Holder

NameAberdeen Asset Management PLC and its Subsidiaries
Address10 Queen's Terrace, Aberdeen, AB10 1YG, Scotland
NRIC/Passport No/Company No.82015
Nationality/Country of incorporationScotland
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each fully paid
Name & address of registered holder1) Aberdeen Asset Management Asia Limited
21, Church Street, #01-01
Capital Square Two
Singapore 049480

2) Aberdeen Asset Management Inc.
103 Springer Building,
3411 Silverside Road
Wilmington, Delaware
19810 USA

3) Aberdeen Asset Management Sdn Bhd
Suite 1005, 10th Floor
Wisma Hamzah-Kwong Hing
No. 1, Leboh Ampang,
50100 Kuala Lumpur

4) Aberdeen Islamic Asset Management Sdn Bhd
Suite 1005, 10th Floor
Wisma Hamzah-Kwong Hing
No. 1, Leboh Ampang,
50100 Kuala Lumpur

5) Aberdeen International Fund Managers Limited
Rm 2605-06, 26/F Alexandra House
18 Chater Road, Central Hong Kong

6) Aberdeen Private Wealth Management Limited
No. 1, Seaton Place
St Helier, Jersey JE4 8YJ

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired05/06/2013
41,700
 
Acquired05/06/2013
41,700
 

Circumstances by reason of which change has occurred1) An investment position taken in connection with Aberdeen Asset Management Asia Limited's ordinary business in fund management

2) An investment position taken in connection with Aberdeen Private Wealth Management Limited's ordinary business in fund management
Nature of interestDirect
Direct (units)37,748,800 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change37,748,800
Date of notice06/06/2013

Remarks :
The Registered Holders are 100% owned by the parent company, Aberdeen Asset Management PLC ("AAM PLC"). The disclosures above include holding of mandates delegated from other subsidiaries of AAM PLC.

The Form 29B from AAM PLC and its subsidiaries (Together "The Group") on behalf of accounts managed by The Group was received by the Company on 10 June 2013.


STAR - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management PLC and its Subsidiaries

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSTAR PUBLICATIONS (MALAYSIA) BERHAD  
Stock Name STAR  
Date Announced11 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSP-130611-37057

Particulars of substantial Securities Holder

NameAberdeen Asset Management PLC and its Subsidiaries
Address10 Queen's Terrace, Aberdeen, AB10 1YG, Scotland
NRIC/Passport No/Company No.82015
Nationality/Country of incorporationScotland
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each fully paid
Name & address of registered holder1) Aberdeen Asset Management Asia Limited
21, Church Street, #01-01
Capital Square Two
Singapore 049480

2) Aberdeen Asset Management Inc.
103 Springer Building,
3411 Silverside Road
Wilmington, Delaware
19810 USA

3) Aberdeen Asset Management Sdn Bhd
Suite 1005, 10th Floor
Wisma Hamzah-Kwong Hing
No. 1, Leboh Ampang,
50100 Kuala Lumpur

4) Aberdeen Islamic Asset Management Sdn Bhd
Suite 1005, 10th Floor
Wisma Hamzah-Kwong Hing
No. 1, Leboh Ampang,
50100 Kuala Lumpur

5) Aberdeen International Fund Managers Limited
Rm 2605-06, 26/F Alexandra House
18 Chater Road, Central Hong Kong

6) Aberdeen Private Wealth Management Limited
No. 1, Seaton Place
St Helier, Jersey JE4 8YJ

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/06/2013
74,900
 
Acquired06/06/2013
74,900
 

Circumstances by reason of which change has occurred1) An investment position taken in connection with Aberdeen Asset Management Asia Limited's ordinary business in fund management

2) An investment position taken in connection with Aberdeen Private Wealth Management Limited's ordinary business in fund management
Nature of interestDirect
Direct (units)37,823,700 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change37,823,700
Date of notice07/06/2013

Remarks :
The Registered Holders are 100% owned by the parent company, Aberdeen Asset Management PLC ("AAM PLC"). The disclosures above include holding of mandates delegated from other subsidiaries of AAM PLC.

The Form 29B from AAM PLC and its subsidiaries (Together "The Group") on behalf of accounts managed by The Group was received by the Company on 10 June 2013.


ASTRO - Changes in Sub. S-hldr's Int. (29B) - T. Rowe Price Associates, Inc

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameASTRO MALAYSIA HOLDINGS BERHAD  
Stock Name ASTRO  
Date Announced11 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAM-130611-4C570

Particulars of substantial Securities Holder

NameT. Rowe Price Associates, Inc
Address100 East Pratt Street
Baltimore, MD 21202
USA
NRIC/Passport No/Company No.D00175984
Nationality/Country of incorporationMaryland Corporation, USA
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each in Astro Malaysia Holdings Berhad ("AMH Shares")
Name & address of registered holderName of registered holder

JP Morgan Chase Bank, N.A. - acquisition of 5,200 AMH Shares

Address:

100 East Pratt Street
Baltimore, MD 21202
USA

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired04/06/2013
5,200
 

Circumstances by reason of which change has occurredAcquisition from open market
Nature of interestINDIRECT
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)272,912,800 
Indirect/deemed interest (%)5.25 
Total no of securities after change272,912,800
Date of notice10/06/2013

Remarks :
Form 29B was received from T. Rowe Price Associates, Inc on 10 June 2013 at 11:09 pm.

The registered holders of the 272,912,800 AMH Shares are as follows:-

1. Brown Brothers Harriman & Co. - 509,100 AMH Shares

2. Bank of New York Mellon - 13,964,100 AMH Shares

3. HSBC Bank Malaysia Berhad - 5,096,900 AMH Shares

4. JP Morgan Chase Bank, N.A. - 210,348,400 AMH Shares

5. JP Morgan Bank Luxembourg S.A. - 20,429,700 AMH Shares

6. National Australia Bank - 8,189,400 AMH Shares

7. Northern Trust Company - 9,848,900 AMH Shares

8. State Street Bank & Trust Company - 4,526,300 AMH Shares


YTLPOWR - 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 NameYTL POWER INTERNATIONAL BHD  
Stock Name YTLPOWR  
Date Announced11 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoYP-130611-5BFCE

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 SHARES OF RM0.50 EACH
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FUND BOARD

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/06/2013
600,000
 

Circumstances by reason of which change has occurredDisposed
Nature of interestDirect
Direct (units)573,115,816 
Direct (%)8.01 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change573,115,816
Date of notice07/06/2013

Remarks :
Form 29B was received on 11 June 2013


YTLPOWR - 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 NameYTL POWER INTERNATIONAL BHD  
Stock Name YTLPOWR  
Date Announced11 Jun 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoYP-130611-5C48F

Date of buy back from03/06/2013
Date of buy back to07/06/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)11,436,300
Minimum price paid for each share purchased ($$)1.510
Maximum price paid for each share purchased ($$)1.520
Total amount paid for shares purchased ($$)17,431,413.65
The name of the stock exchange through which the shares were purchased BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units)11,436,300
Total number of shares retained in treasury (units)183,484,045
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished
Date lodged with registrar of companies11/06/2013
Lodged by HO SAY KENG


YTLPOWR - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameYTL POWER INTERNATIONAL BHD  
Stock Name YTLPOWR  
Date Announced11 Jun 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoYP-130611-5C6F7

Date of buy back11/06/2013
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)3,518,100
Minimum price paid for each share purchased ($$)1.520
Maximum price paid for each share purchased ($$)1.520
Total consideration paid ($$)5,364,754.54
Number of shares purchased retained in treasury (units)3,518,100
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)187,442,745
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 (%)2.55


DIGI - 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 NameDIGI.COM BERHAD  
Stock Name DIGI  
Date Announced11 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130611-4CA43

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 incorporationIncorporated in Malaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.01 each
Name & address of registered holder1) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board

2) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
(MAYBAN)
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)
Disposed06/06/2013
2,200,000
 
Disposed06/06/2013
387,000
 

Circumstances by reason of which change has occurred1) & 2) Disposed
Nature of interestDirect
Direct (units)1,185,540,940 
Direct (%)15.25 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,185,540,940
Date of notice07/06/2013

Remarks :
The total number of 1,185,540,940 Ordinary Shares of RM0.01 each are held as follows:-

1) 1,098,746,350 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board;

2) 14,791,000 Ordinary Shares of RM0.01 each are registered in the name of Employees Provident Fund Board;

3) 2,070,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB);

4) 10,062,800 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (HDBS);

5) 2,700,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (RHB INV);

6) 2,396,600 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AM INV);

7) 2,350,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (MAYBAN);

8) 3,285,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ALLIANCE);

9) 37,490,890 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA);

10) 2,658,300 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (CIMB PRI);

11) 2,400,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ARIM); and

12) 6,590,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN).



The Form 29B was received by the Company on 11 June 2013.


BINTAI - OTHERS Bintai Kinden Corporation Berhad (“BKCB” or the “Company”) Disposal of Property (“Disposal”)

Announcement Type: General Announcement
Company NameBINTAI KINDEN CORPORATION BERHAD  
Stock Name BINTAI  
Date Announced11 Jun 2013  
CategoryGeneral Announcement
Reference NoBK-130611-60884

TypeAnnouncement
SubjectOTHERS
DescriptionBintai Kinden Corporation Berhad (“BKCB” or the “Company”)
Disposal of Property (“Disposal”)

1. INTRODUCTION

 

The Board of Directors of BKCB wishes to announce that the Company had on 11 June 2013, received a duly stamped Sale and Purchase Agreement (“SPA”) dated 10 June 2013 entered into between the Company and the Purchasers namely Tan Hooi Pheng (NRIC No. 550210-07-5323), Tan Wee Kang (NRIC No. 790517-07-5697) and Vivien Tan Sill Ming (NRIC No. 751227-07-5558) ( collectively referred to as “Purchasers”) for the disposal of Property (“Disposal”) described in item 2.1 below for a total cash consideration of RM6,900,000 (“Sale Consideration”).

 

2. DETAILS OF THE DISPOSAL

 

2.1  Information on the Property

 

The Property consists of a piece of freehold residential land held under Grant No. 7614 (First Grade) for Lot No. 273 held under Geran (First Grade) No. Hakmilik 7614 and Lot No. 274 held under Geran (First Grade) No. Hakmilik 7615 measuring 1317.6936 square metres and 1310.0758 square metres respectively, both in Section 4, Bandar Georgetown, Daerah Timur Laut, Pulau Pinang together with a building erected thereon bearing municipal address at No. 294, Jalan Macalister, 10450 George Town, Penang (“Property”).

 

The Property is presently charged to RHB Bank Berhad as security for banking facilities granted to Kejuruteraan Bintai Kindenko Sdn Bhd, a wholly owned subsidiary of the Company.

 

The Property is also subject to a private caveat entered against the Property.

 

2.2 Cost of investment and fair value

 

The Property was acquired in January 2001 at an original cost of RM2,783,058. The fair value of the Property based on the latest audited accounts of BKCB as at 31 March 2012 is RM6.5 million.

2.3 Basis and justification for the Sale Consideration

 

The Company agrees to sell and the Purchasers agree to purchase the Property in the existing state and condition on an “as is where is” basis free from all encumbrances and caveats at the Sale Consideration. The Sale Consideration was arrived at based on the existing market value of properties located within the vicinity of the heritage site of Georgetown, which were mutually agreed by both the Company and the Purchasers.

 

2.4 Salient terms of the SPA

 

The SPA is conditional upon and subject to the lawful removal of the Private Caveat against the Property (“Condition Precedent”) and the date upon which the Condition Precedent is fulfilled shall be the Effective Date.

 

The Sale Consideration shall be paid by the Purchasers in the following manner: -

 

i. a sum of RM690,000 (being 10% of the Sale Consideration) less RM138,000 (being the Real Property Gain Tax [“RPGT”]) has been paid by the Purchasers to the Company upon execution of the SPA as deposit towards the Sale Consideration;

 

ii. the balance of RM6,210,000 (“Balance Sum”) is to be paid within 3 months from the Effective Date (“Completion Date”) by the Purchasers to the Company’s solicitors as stakeholders;

 

iii. In the event the Purchasers fail to pay the Balance Sum within the Completion Date, the Company shall automatically grant the Purchasers an extension of one (1) calendar month from the Completion Period (3 calendar months from the Effective Date) subject to an interest rate of 6% per annum on a daily basis on the Balance Sum for the period of extension;

 

iv. The Condition Precedent shall be fulfilled within a period of four (4) years from the date of the SPA (“Conditional Period”) and in the event the Condition Precedent is not fulfilled within the Conditional Period, the Purchasers may at its sole discretion elect to extend the Conditional Period by a further period of not exceeding two (2) years from the expiry of the Conditional Period;

 

2.5 Liabilities to be assumed

 

There are no liabilities, including contingent liabilities and guarantees, to be assumed by the Purchasers arising from the Disposal.

 

3. RATIONALE FOR THE DISPOSAL

 

The Disposal would enable BKCB to unlock its assets and generate funds for working capital and reduce the existing bank borrowings of BKCB Group.

 

4. EFFECTS OF THE DISPOSAL

 

4.1 Share capital and shareholding of substantial shareholders

 

The Disposal will not have any effect on BKCB’s issued and paid-up share capital and the shareholdings of BKCB’s substantial shareholders.

 

4.2 Earnings per share

 

The Disposal is expected to result in a one-off gain of approximately RM4.1 million, which will result in the increase of earnings per share by approximately 4.02 sen per share upon completion and subject to the fulfillment of all the Condition Precedent.

 

4.3 Net assets per share and gearing

 

The Disposal is not expected to have any material effect on the net assets per share and gearing of BKCB Group for the financial year ending 31 March 2014.

 

5. APPROVALS REQUIRED

 

The Disposal is subject to approvals of the relevant land office authorities, RHB Bank Berhad for the discharge of charge on the Property and other relevant authorities, if applicable.

 

The Disposal is not subject to the approval of shareholders of BKCB.

 

6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

 

None of the Directors, major shareholders of BKCB and/or persons connected to them, have any interest, direct or indirect, in the Proposed Disposal.

 

7. HIGHEST PERCENTAGE RATIO APPLICABLE

 

Based on BKCB Group’s audited financial statements for the financial year ended 31 March 2012, the highest percentage ratio under Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 8.94%.

 

8. STATEMENT BY DIRECTORS

 

Having considered all aspects of the Disposal, the Board of Directors of BKCB is of the opinion that the Proposed Disposal is in the best interest of BKCB Group.

 

9. DOCUMENTS FOR INSPECTION

 

The SPA is available for inspection at the registered office of BKCB at No. 430, Jalan Ipoh, 51200 Kuala Lumpur during normal business hours from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.

 

 

This announcement is dated 11 June 2013.



BGYEAR - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameBINA GOODYEAR BERHAD  
Stock Name BGYEAR  
Date Announced11 Jun 2013  
CategoryGeneral Announcement
Reference NoCM-130611-59853

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionBINA GOODYEAR BERHAD (“BGB” or “the Company”)
Winding-up petition presented by Hap Seng Trading (BM) Sdn Bhd
- Shah Alam High Court Winding-Up Petition No. 28-259-05/2013 between Hap Seng Trading (BM) Sdn Bhd (“HST”) against BGB

The Board of Directors of BGB wishes to announce that there was an advertisement in the New Straits Times newspaper on 11 June 2013 notifying that a winding-up petition has been presented by Hap Seng Trading (BM) Sdn Bhd on 28 May 2013 for the winding-up of the Company by the High Court (“the Petition”), and is scheduled to be heard before the High Court at Shah Alam on 28 August 2013, at 9.00 a.m.

The Board of Directors is in discussion with its legal advisers to determine the next course of action and will release further announcements of any development in connection thereto.

The Directors of the Company are of the opinion that the above is not expected to have any financial or operational impact as such claims are envisaged to be restructured pursuant to the regularisation plan being formulated for the Group, which has been approved by the requisite majority of the Scheme Creditors at a court convened meeting.

There will be no further losses expected as the amount claimed has been fully provided in the accounts.

This announcement is dated 11 June 2013.



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