June 27, 2013

Company announcements: YTLPOWR, FAJAR, TIGER, HAISAN, LBALUM, ITRONIC, WCT

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 Announced27 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoYP-130627-7B810

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)
Disposed24/06/2013
4,000,000
 

Circumstances by reason of which change has occurredDisposed
Nature of interestDirect
Direct (units)544,115,816 
Direct (%)7.66 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change544,115,816
Date of notice25/06/2013

Remarks :
Form 29B was received on 27 June 2013


FAJAR - FAJAR-EXERCISE OF 101,900 WARRANTS 2008/2013 ("EXERCISE")

Announcement Type: Listing Circular
Company NameFAJARBARU BUILDER GROUP BHD  
Stock Name FAJAR  
Date Announced27 Jun 2013  
CategoryListing Circular
Reference NoNE-130627-36377

LISTING'S CIRCULAR NO. L/Q : 68217 OF 2013

Kindly be advised that the abovementioned Company’s additional 101,900 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Monday, 1 July 2013.


TIGER - Changes in Director's Interest (S135) - Tan Lee Chin (Amended Announcement)

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTIGER SYNERGY BERHAD  
Stock Name TIGER  
Date Announced27 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-130627-CA92D

Information Compiled By KLSE

Particulars of Director

NameTan Lee Chin
Address5084 Jalan Kilat, 70200 Seremban, N.S.D.K.
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)
Disposed
25/06/2013
800,000
0.205 

Circumstances by reason of which change has occurredBy virtue that her brother Dato Tan Wei Lian
disposed 800,000 shares in the open market
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)11,191,000 
Direct (%)2.93 
Indirect/deemed interest (units)35,361,900 
Indirect/deemed interest (%)9.196 
Date of notice27/06/2013

Remarks :
This announcement served as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing of securities outside closed period. The above disposal of 800,000 ordinary shares by her brother Dato Tan Wei Lian in the open market represent 0.208% of the total issued ordinary shares of the Company


TIGER - Changes in Sub. S-hldr's Int. (29B) - Dato' Tan Wei Lian (Amended Announcement)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTIGER SYNERGY BERHAD  
Stock Name TIGER  
Date Announced27 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130627-CA909

Particulars of substantial Securities Holder

NameDato' Tan Wei Lian
Address5084 Jalan Kilat, 70200 Seremban, N.S.D.K
NRIC/Passport No/Company No.681028-05-5561
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderDato' Tan Wei Lian
5084 Jalan Kilat, 70200 Seremban, N.S.D.K.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/06/2013
800,000
0.205 

Circumstances by reason of which change has occurredDisposal of 800,000 shares in the open market
Nature of interestDirect
Direct (units)35,361,900 
Direct (%)9.196 
Indirect/deemed interest (units)13,651,000 
Indirect/deemed interest (%)3.55 
Total no of securities after change49,012,900
Date of notice27/06/2013


TIGER - Changes in Director's Interest (S135) - Dato' Tan Wei Lian (Amended Announcement)

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTIGER SYNERGY BERHAD  
Stock Name TIGER  
Date Announced27 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-130627-CA93D

Information Compiled By KLSE

Particulars of Director

NameDato' Tan Wei Lian
Address5084, Jalan Kilat, 70200 Seremban, N.S.D.K
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)
Disposed
25/06/2013
800,000
0.205 

Circumstances by reason of which change has occurredDisposal of 800,000 shares in the open market
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)35,361,900 
Direct (%)9.196 
Indirect/deemed interest (units)13,651,000 
Indirect/deemed interest (%)3.55 
Date of notice27/06/2013

Remarks :
This announcement served as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing of securities outside closed period. The above disposal of 800,000 ordinary shares in the open market represent 0.208% of the total issued ordinary shares of the Company.


HAISAN - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced27 Jun 2013  
CategoryGeneral Meetings
Reference NoCC-130627-45182

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting27/06/2013
Time10:00 AM
VenueCrystal Crown Hotel, No. 217, Persiaran Raja Muda Musa, 42000 Pelabuhan Klang, Selangor Darul Ehsan
Outcome of Meeting

The Board of Directors of Haisan Resources Berhad (“the Company”) are pleased to advise that all the Ordinary Resolutions as set out in the Company’s Notice of Thirteenth Annual General Meeting (13th AGM) dated 5 June 2013 have been unanimously passed by the shareholders of the Company at the 13th AGM held today, 27 June 2013.

This announcement is dated 27 June 2013.

 


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

Announcement Type: Financial Results
Company NameLB ALUMINIUM BERHAD  
Stock Name LBALUM  
Date Announced27 Jun 2013  
CategoryFinancial Results
Reference NoCK-130624-71947

Financial Year End30/04/2013
Quarter4
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
97,513
93,975
390,743
365,067
2Profit/(loss) before tax
5,083
780
18,191
10,034
3Profit/(loss) for the period
6,034
513
16,968
8,664
4Profit/(loss) attributable to ordinary equity holders of the parent
6,034
513
16,968
8,664
5Basic earnings/(loss) per share (Subunit)
2.43
0.21
6.83
3.49
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 ($$)
0.9700
0.9200
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


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

Announcement Type: General Announcement
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced27 Jun 2013  
CategoryGeneral Announcement
Reference NoCS-130627-8F928

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionINDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
- DISPOSAL OF A 3- STOREY SHOP BY ADEMCO (MALAYSIA) SDN. BHD., A 95% OWNED SUBSIDIARY OF THE COMPANY
1. INTRODUCTION
      The Board of Directors of Industronics is pleased to announce that Ademco (Malaysia) Sdn. Bhd (“Ademco” or the “Vendor”), a 95%-owned subsidiary of the Company, has on 25 June 2013 entered into a Sale and Purchase Agreement (“the SPA”) with Mr. Charanjeet Singh A/L Jaswant Singh (“the Purchaser”) to dispose a 3- storey shop office at No. 60, Jalan Manis 3, Taman Segar, 56100 Kuala Lumpur (“the Property”) to the Purchaser for a cash consideration of Ringgit Malaysia Two Million and Seven Hundred Thousand (RM2,700,000.00) only (“Ademco Disposal”).
2. SALIENT TERMS OF THE SPA
      The salient terms of the SPA are as follows:

      (i) Ademco is the registered owner of the Property.
          (ii) The Property is free from encumbrances and not charged to any bank or financial institution.
          (iii) In the event the duly stamped Memorandum of Transfer in favour of the Purchaser cannot be registered and such non-registration is not due to the fault of either party thereto and such defect cannot be rectified after all necessary steps have been taken to remedy the same, subject to the Purchaser returning or causing to return to Ademco all documents belonging to Ademco including the original issue document of title, the relevant Memorandum of Transfer and the redelivering of possession of the Property (if the Purchaser has taken possession of it), Ademco shall refund all monies received to the Purchaser within fourteen (14) days free of interest, failing which Ademco shall pay the Purchaser an interest of eight per centum (8%) per annum on the amounts outstanding whereupon this SPA shall terminate and cease to be of any further effect without prejudice to any rights of any party hereto to claims for any antecedent breach .
          (iv) The sale consideration of RM2,700,000/- shall be settled in the following manners:-
          ItemsAmountPeriod of Payment
          Earnest DepositRM54,000/-Paid on 25 May 2013 to the Ademco’s solicitors as stakeholder
          Balance DepositRM216,000/-Upon execution of SPA
          Balance Purchase PriceRM2,430,000/-Within three (3) months from the date of the SPA (“Completion Date”) with an extension of up to one (1) month to pay the balance purchase price subject to the payment of interest at the rate of ten per centum (10%) per annum calculated on a day to day basis from the expiry of the Completion Date to the date of actual payment thereof

      3. INFORMATION ON THE PROPERTY

      The particulars of the said Property are as follows:-
          Postal address:No. 60, Jalan Manis 3, Taman Segar, 56100 Kuala Lumpur.
          Title Particulars:PN 10561, Lot No: 39255, Mukim of Kuala Lumpur, Daerah of Kuala Lumpur and State of Wilayah Persekutuan KL.
          Type of property:3 - storey shop office
          Total land area:approximately 143 square meters
          Total built-up area:approximately 484 square meters
          The existing used:General office
          Age of the Property:35 years
          Land Tenure:Leasehold, expiring in 2077
          Name of independent registered valuer:City Valuers And Consultants Sdn Bhd
          Date & method of valuation:10th May 2013, Direct Comparison Method of Valuation
          Quantification of the market value:RM2,200,000
          Net book value based on audited financial statements for the financial year ended 31 December 2012:RM962,686
          Encumbrance :Nil

      4. DETAILS OF THE VENDOR

        The Vendor, Ademco, is a company incorporated under the Companies Act, 1965 on 25 September 1982, with its business office at No. 60, Jalan Manis 3, Taman Segar, 56100 Kuala Lumpur.
          The authorised share capital of Ademco is Ringgit Malaysia One Hundred Thousand (RM100,000) comprising one hundred thousand (100,000) ordinary shares of RM1.00 each of which Ringgit Malaysia Seven Hundred Thousand (RM700,000) comprising seven hundred thousand (700,000) ordinary shares of RM1.00 each has been issued and fully paid-up.

          Its principal activity are to carry on business as installers, maintainers, repairers, dealers and suppliers including the testing and commissioning of fire, security alarms, devices apparatus of every description.
        5. BASIS OF ARRIVING AT THE SALE CONSIDERATION
          The sale consideration for the Property of RM2.7 million was arrived at on a willing buyer willing seller basis after taking into consideration the prevailing market value of the Property based on recently concluded transactions in the same area and Update Certificate Valuation dated 10th May 2013 prepared by City Valuers And Consultants Sdn Bhd.
        6. PROCEEDS AND COMPLETION

          Ademco Disposal is expected to result in a gain on disposal of approximately RM1,671,314 after taking into consideration the audited net book value of the Property, real estate commission and professional fees.

          The proceeds from Ademco Disposal will be utilised for the working capital such as payment to trade and other creditors, salaries and other operating expenses of the Industronics Group and the expected timeframe for utilisation of the said proceed is within six (6) months from the date of completion of Ademco Disposal. The Company has not determined the proportion of the sale consideration to be used for the working capital at this juncture.

          Barring unforeseen circumstances, Ademco Disposal is expected to be completed within three (3) months from the date of the SPA.

          7. LIABILITIES TO BE ASSUMMED BY THE PURCHASER
            There are no liabilities, including contingent liabilities and guarantees, to be assumed by the Purchaser pursuant to Ademco Disposal.
          8. ORIGINAL INVESTMENT COSTS AND DATE

            Ademco acquired the Property in 1991 for RM280,000.
          9. CASH COMPANY OR PRACTICE NOTE (“PN”) 17 COMPANY

            Ademco Disposal is not expected to result in Industronics becoming a cash company or PN17 company.
          10. RATIONALE FOR ADEMCO DISPOSAL
              The Property is currently used by Ademco. Ademco Disposal will not have any operational impact to Ademco as Ademco will be moving to the head quarter office. Ademco Disposal will enable to the Company to unlock the value of the Property, thus enhance the financial position of the Company.

            11. RISKS OF THE ADEMCO DISPOSAL
              Other than for the general risks such as non-completion of the SPA, the Board is not aware of any risk factors arising from the Ademco Disposal.

            12. FINANCIAL EFFECTS OF ADEMCO DISPOSAL

            12.1 Share Capital and Substantial Shareholders' Shareholdings

                    Ademco Disposal is not expected to have any effect on the share capital and substantial shareholders' shareholdings in Industronics as Ademco Disposal does not involve any issuance of new shares of the Company.
            12.2 Earnings per share ("EPS")

                    Upon completion of Ademco Disposal, a one-off gain of approximately RM1,671,314 will be reflected in the Industronics Group’s financial statements for the financial year ending 31 December 2013. This will in turn translate into an increase in EPS of RM0.02.
              12.3 Net Assets ("NA") and gearing
                    The Disposal (as defined herein) and the Ademco Disposal are expected to have the following effects on the NA per share and gearing of the Industronics Group:
                  Audited as at 31 December 2012
                  After the
                  Disposal*#
                  After the Disposal and the Ademco Disposal^
                  NA per share (sen)
                  52.69
                  54.77
                  56.46
                  Gearing
                  (time)
                  0.073
                  0.070
                  0.680
                    Notes:

                    * The Company had, on the same day, announced that it has entered into sale and purchase agreements for the disposal of two (2) pieces of land together with two (2) units of three and a half (3 ) storey shop-office erected thereon at No. 39 & No. 41, Jalan Sungai Besi Indah 1/19, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan (“Disposal”).

                    # After taking into consideration the expected gain of approximately RM1,962,796 arising from the Disposal.

                    ^ After taking into consideration the Disposal and the expected gain of approximately RM1,671,314 arising from the Ademco Disposal.
            13. APPROVAL REQUIRED
                Ademco Disposal does not require the approval of any government authority or Industronics’ shareholders.

                Pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Berhad’s Main Market Listing Requirements, the highest percentage ratio applicable to the transaction is 5.17%.
              14. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

                None of the Directors or major shareholders of Industronics, or persons connected to them has any interest, direct or indirect, in Ademco Disposal.
              15. STATEMENT BY THE DIRECTORS
                  The Board, having considered all relevant aspects of Ademco Disposal including but not limited to the rationale and the effects of Ademco Disposal, is of the opinion that Ademco Disposal is in the best interest of Industronics and its shareholders.
                16. DOCUMENTS FOR INSPECTION
                      The SPA and Update Certificate Valuation can be inspected at the registered office of Industronics at No. 9, Jalan Taming Jaya 3, Taman Tanming Jaya, 43300 Seri Kembangan, Selangor Darul Ehsan during the normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.


                    This announcement is dated 27 June 2013.


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

                  Announcement Type: General Announcement
                  Company NameINDUSTRONICS BERHAD  
                  Stock Name ITRONIC  
                  Date Announced27 Jun 2013  
                  CategoryGeneral Announcement
                  Reference NoCS-130627-8F927

                  TypeAnnouncement
                  SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
                  NON RELATED PARTY TRANSACTIONS
                  DescriptionINDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
                  -DISPOSAL OF LAND WITH PROPERTY
                  1. INTRODUCTION
                      The Board of Directors of Industronics is pleased to announce that the Company has on 25 June 2013 entered into two (2) Sale and Purchase Agreement (“the SPA”) with BSCOM (M) Sdn. Bhd. (Company No. 921589-W) (“the Purchaser”) to dispose two (2) pieces of land together with two (2) units of three and a half (3 ) storey shop-office erected thereon at No. 39 & No. 41, Jalan Sungai Besi Indah 1/19, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan (“the Property”) to the Purchaser for a total cash consideration of Ringgit Malaysia Three Million and Seven Hundred Thousand (RM3,700,000.00) only (“the Disposal”).

                  2. SALIENT TERMS OF THE SPA
                      The salient terms of the SPA are as follows:

                      (i) The Company is the registered owner of the Property.
                          (ii) The Property is free from encumbrances and not charged to any bank or financial institution.
                          (iii) The Individual Title to the Property is subject to restriction-in-interest against transfer, lease and charge as follows:-

                          “Tanah yang diberi milik ini tidak boleh dipindah milik, dipajak atau digadai melainkan dengan kebenaran Pihak Berkuasa Negeri”
                          (iv) Condition Precedent:-
                                a) The SPA is conditional upon the Company having applied, at its own cost and expense, the consent to transfer the Property to the Purchaser from the relevant State Authority within fourteen (14) days from the date of this SPA (“the State Consent”).
                                  b) In the event the State Authority has for any reasons whatsoever refused to grant or withhold the State Consent for a period more than six (6) months from the date of the SPA (“the Consent Period”), the Consent Period shall be extended for a further period or periods as the parties may agree (“the Extension Period”). If the State Consent shall not be granted within the expiry of the Extension Period or shall be granted upon terms and conditions which are unacceptable to either party, either party may be at liberty by notice in writing to the other party to immediately terminate this SPA whereupon the Company shall forthwith refund free of interest to the Purchaser or the Purchaser’s Solicitors all monies paid by the Purchaser and thereafter this SPA shall cease to be of effect and neither party shall have any claim against each other.
                                  c) This SPA shall become unconditional upon the Purchaser’s Solicitors receipt of the original State Consent ("the Unconditional Date").
                                  d) The two (2) SPA is executed together (“Contiguous Property”) and it is the clear and express intention of both parties that the completion of the sale is contingent upon the successful completion of the Contiguous Property and the Company covenants to complete the disposal of the Contiguous Property simultaneously.
                            (v) The sale consideration of RM3,700,000/- shall be settled in the following manners:-
                            ItemsAmountPeriod of Payment
                            Earnest DepositRM74,000/-Paid on 30 May 2013 to the Company’s solicitors as stakeholder
                            Balance DepositRM296,000/-Upon execution of SPA
                            Balance Purchase PriceRM3,330,000/-Within three (3) calendar months from the Unconditional Date (“Completion Date”) with an extension of one (1) calendar month with an interest rate of ten per centum (10%) per annum calculated on a daily basis from the day next following the expiry of the Completion Date until actual receipt of the full payment of the balance purchase price

                          3. INFORMATION ON THE PROPERTY
                            The particulars of the Property are as follows:-

                            Property 1Property 2
                            Postal addressNo. 39, Jalan Sungai Besi Indah 1/19, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan.No. 41, Jalan Sungai Besi Indah 1/19, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan.
                            Title ParticularsH. S. (D) 192673, PT 34, Pekan Baru Sungai Besi, District of Petaling and State of Selangor.H. S. (D) 192674, PT 35, Pekan Baru Sungai Besi, District of Petaling and State of Selangor.
                            Type of property3 - storey shop-office3 - storey shop-office
                            Total land areaapproximately 143 square metresapproximately 143 square metres
                            Total built-up areaapproximately 521 square metresapproximately 521 square metres
                            The existing usedCurrently vacant Currently vacant
                            Age of the Property12 years12 years
                            Land TenureLeasehold, expiring in 2091Leasehold, expiring in 2091
                            Name of independent registered valuerCity Valuers And Consultants Sdn BhdCity Valuers And Consultants Sdn Bhd
                            Date & method of valuation10th May 2013, Direct Comparison Method of Valuation 10th May 2013, Direct Comparison Method of Valuation
                            Quantification of the market valueRM1,400,000RM1,400,000
                            Net book value based on audited financial statements for the financial year ended 31 December 2012RM823,602RM823,602
                            EncumbranceNilNil
                            4. DETAILS OF THE VENDOR

                              The vendor, Industronics Berhad (Company No. 23669-X), is a company incorporated under the Companies Act, 1965 on 18 July 1975, with its registered office at No. 9, Jalan Tanming 3, Taman Tanming Jaya, 43300 Seri Kembangan, Selangor Darul Ehsan.
                                The authorised share capital of Industronics is Ringgit Malaysia One Hundred Million (RM100,000,000) comprising two hundred million (200,000,000) ordinary shares of RM0.50 each of which Ringgit Malaysia Forty Seven Million Six Hundred Thirty One Thousand and Five Hundred (RM47,631,500) comprising ninety five million two hundred sixty three thousand (95,263,000) ordinary shares of RM0.50 each has been issued and fully paid-up.

                                Its principal activity include the design, manufacturing and installation of electronics and microprocessor controlled products, telecommunication system, audio video multimedia systems, intelligent transportation systems and information communication technology related system.
                              5. DETAILS OF THE PURCHASER

                                The Purchaser, namely BSCOM (M) Sdn. Bhd. (Company No. 921589-W) (“BSCOM”) is a company incorporated under the Companies Act, 1965 on 11 November 2010, with its business office at 32G, Jalan 18/34, Taman Sri Serdang, 43300 Seri Kembangan, Selangor Darul Ehsan.

                                The authorised share capital of BSCOM is Ringgit Malaysia One Hundred Thousand (RM100,000) comprising one hundred thousand (100,000) ordinary shares of RM1.00 each of which all has been issued and fully paid-up. Its principal activity is trading of mobile phones, accessories and telecommunication products.
                                  The directors and shareholders of BSCOM are Kok Pak Choon and Lock Ching Wen.
                                6. BASIS OF ARRIVING AT THE SALE CONSIDERATION
                                  The total sale consideration for the Property of RM3.7 million was arrived at on a willing buyer willing seller basis after taking into consideration the prevailing market value of the Property based on recently concluded transactions in the same area and Update Certificate Valuation dated 10th May 2013 prepared by City Valuers And Consultants Sdn Bhd.
                                7. PROCEEDS AND COMPLETION
                                    The Disposal is expected to result in a gain on disposal of approximately RM1,962,796 after taking into consideration the audited net book value of the Property, real estate commission and professional fees.

                                    The proceeds from the Disposal will be utilised for the working capital such as payment for trade and other creditors, salaries and other operating expenses of the Industronics and its subsidiaries (“Group”) and the expected timeframe for full utilisation of the said proceeds is within six (6) months from the completion date of the Disposal. The Company has not determined the proportion of the sale consideration to be used for the working capital at this juncture.

                                    Barring unforeseen circumstances, the Disposal is expected to be completed within three (3) calendar months from the Unconditional Date.

                                  8. LIABILITIES TO BE ASSUMED BY THE PURCHASER

                                    There are no liabilities, including contingent liabilities and guarantees, to be assumed by the Purchaser pursuant to the Disposal.
                                  9. ORIGINAL COST OF INVESTMENT

                                    The Company acquired the Property in 2000 for RM850,000 each.
                                  10. RATIONALE FOR THE DISPOSAL
                                        The Property are previously used by the subsidiary of the Company, namely Industronics Automation Sdn Bhd, which has been disposed of and ceased to be the subsidiary of the Company in May 2013. As such, the Property is no longer required for the Group’s usage and is currently vacant. Further, the Disposal will enable the Company to unlock the value of the Property, thus enhancing the financial position of the company.

                                        The Disposal will also enable the Company to raise proceed for its working capital requirements without incurring interest cost as opposed to bank borrowings.

                                    11. RISKS OF THE DISPOSAL
                                      Save for the approvals required prior to the completion, there is no other risk expected to arise from the Disposal. However, in the event the necessary approvals are not obtained within the stipulated timeframe, it may result in the SPA being terminated.

                                    12. CASH COMPANY OR PRACTICE NOTE (“PN”) 17 COMPANY

                                      The Disposal is not expected to result in Industronics becoming a cash company or PN17 company.
                                    13. FINANCIAL EFFECTS OF THE DISPOSAL
                                      13.1 Share Capital and Substantial Shareholders' Shareholdings
                                          The Disposal is not expected to have any effect on the share capital and substantial shareholders' shareholdings in Industronics as the Disposal does not involve any issuance of new shares of the Company.
                                        13.2 Earnings per share ("EPS")

                                        Upon completion of the Disposal, a one-off gain of approximately RM1,962,796 will be reflected in the Company’s consolidated financial statements for the financial year ending 31 December 2013. This will in turn translate into an increase in EPS of RM0.02.
                                          13.3 Net Assets ("NA") and gearing
                                              The Disposal and the Ademco Disposal (as defined below) are expected to have the following effects on the NA per share and gearing of the Industronics Group:

                                              Audited as at 31 December 2012
                                              After the Disposal#
                                              After the Disposal and the Ademco Disposal*^
                                              NA per share (sen)
                                              52.69
                                              54.77
                                              56.46
                                              Gearing
                                              (time)
                                              0.073
                                              0.070
                                              0.680

                                              Notes:

                                              * The Company had, on the same day, announced that Ademco (Malaysia) Sdn Bhd, a 95%-owned subsidiary of the Company, had entered into a sale and purchase agreement to dispose a 3 -storey shop at No. 60, Jalan Manis 3, Taman Segar, 56100 Kuala Lumpur (“Ademco Disposal”).

                                              # After taking into consideration the expected gain of approximately RM1,962,796 arising from the Disposal.

                                              ^ After taking into consideration of the Disposal and the expected gain of approximately RM1,671,314 arising from the Ademco Disposal.
                                        14. APPROVAL REQUIRED
                                            Save for the State Authority as disclose in item 2 (iv) (a), the Disposal does not require the approval of any government authority or Industronics’ shareholders.

                                            Pursuant to paragraph 10.02(g) of Bursa Malaysia Securities Berhad’s Main Market Listing Requirements, the highest percentage ratio applicable to the transaction is 7.46%.

                                          15. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

                                            None of the Directors or major shareholders of Industronics, or persons connected to them has any interest, direct or indirect, in the Disposal.
                                          16. STATEMENT BY THE DIRECTORS
                                              The Board, having considered all relevant aspects of the Disposal including but not limited to the rationale and the effects of the Disposal, is of the opinion that the Disposal is in the best interest of Industronics and its shareholders.
                                            17. DOCUMENTS FOR INSPECTION
                                                  The SPA and Update Certificate Valuation can be inspected at the registered office of Industronics at No. 9, Jalan Taming Jaya 3, Taman Tanming Jaya, 43300 Seri Kembangan, Selangor Darul Ehsan during the normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.


                                                This announcement is dated 27 June 2013.


                                              WCT - 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 NameWCT BERHAD  
                                              Stock Name WCT  
                                              Date Announced27 Jun 2013  
                                              CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
                                              Reference NoWW-130627-DFA0A

                                              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)("KWAP")- 51,044,655 Shares
                                              KWAP's Fund Managers - 13,860,255 Shares

                                              Details of changes

                                              Currency: Malaysian Ringgit (MYR)

                                              Type of transactionDate of change
                                              No of securities
                                              Price Transacted (RM)
                                              Disposed21/06/2013
                                              76,000
                                               

                                              Circumstances by reason of which change has occurredDisposal of Shares
                                              Nature of interestDirect
                                              Direct (units)64,904,910 
                                              Direct (%)5.94 
                                              Indirect/deemed interest (units) 
                                              Indirect/deemed interest (%) 
                                              Total no of securities after change64,904,910
                                              Date of notice27/06/2013

                                              Remarks :
                                              Form 29B dated 26 June 2013 was received on 27 June 2013.


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