July 26, 2013

Company announcements: KINSTEL, COASTAL

KINSTEL - Changes in Director's Interest (S135) - Dato' Hong Thian Hock

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced26 Jul 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-130726-43152

Information Compiled By KLSE

Particulars of Director

NameDato' Hong Thian Hock
AddressNo. 58, Lorong Kubang Buaya 54
25250 Kuantan, Pahang Darul Makmur
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
23/07/2013
1,000,000
 
Disposed
24/07/2013
500,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)1,438,400 
Direct (%)0.14 
Indirect/deemed interest (units)341,401,255 
Indirect/deemed interest (%)32.78 
Date of notice26/07/2013

Remarks :
Deemed interest by virtue of his shareholdings in Kin Kee Metal Sdn Bhd and Perniagaan Kin Kee Sdn Bhd which the latter is the major shareholder of Kin Kee Holdings Sdn Bhd and Kin Kee Hardware Sdn Bhd, and his indirect interest held through his children.

The indirect interest of 341,401,255 shares comprises the following:

i. 2,970,000 shares held by Kin Kee Metal Sdn Bhd;
ii. 18,650,000 shares held by Kin Kee Hardware Sdn Bhd; iii. 65,000 shares held by Hong Ching Pheng;
iv. 40,190,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Perniagaan Kin Kee Sdn Bhd);
v. 75,300,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd);
vi. 201,194,255 shares held by RHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd);
vii. 3,000,000 shares held by Kin Kee Holdings Sdn Bhd; and
viii. 32,000 shares held by Hong Chai Siang.

KINSTEL - Changes in Sub. S-hldr's Int. (29B) - Kin Kee Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced26 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130726-40678

Particulars of substantial Securities Holder

NameKin Kee Holdings Sdn Bhd
AddressB-38, First Floor, Lorong Sri Teruntum
139, Off Jalan Bukit Ubi
25200 Kuantan, Pahang Darul Makmur
NRIC/Passport No/Company No.362624-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM 0.20 each
Name & address of registered holderRHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed23/07/2013
1,000,000
 
Disposed24/07/2013
500,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Direct (units)279,494,255 
Direct (%)26.83 
Indirect/deemed interest (units)0 
Indirect/deemed interest (%)0 
Total no of securities after change279,494,255
Date of notice26/07/2013

Remarks :
The direct interest of 279,494,255 shares comprising:

i. 75,300,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(pledged securities account for Kin Kee Holdings Sdn Bhd);
ii. 201,194,255 shares held by RHB Nominees (Tempatan) Sdn Bhd
(pledged securities account for Kin Kee Holdings Sdn Bhd); and
iii. 3,000,000 shares held by Kin Kee Holdings Sdn Bhd.

KINSTEL - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dato' Sri Pheng Yin Huah

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced26 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130726-37895

Particulars of substantial Securities Holder

NameTan Sri Dato' Sri Pheng Yin Huah
AddressA-5188, Lorong Kubang Buaya 80
25250 Kuantan, Pahang Darul Makmur
NRIC/Passport No/Company No.480702-06-5091
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderRHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed23/07/2013
1,000,000
 
Disposed24/07/2013
500,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestIndirect
Direct (units)39,355,495 
Direct (%)3.78 
Indirect/deemed interest (units)341,304,255 
Indirect/deemed interest (%)32.77 
Total no of securities after change380,659,750
Date of notice26/07/2013

Remarks :
Deemed interest by virtue of his shareholdings in Perniagaan Kin Kee Sdn Bhd, Kin Kee Holdings Sdn Bhd, Kin Kee Hardware Sdn Bhd and Kin Kee Metal Sdn Bhd pursuant to Section 6A of the Companies Act, 1965

The direct interest of 39,355,495 shares comprises the following:

i. 35,130,495 shares held by AllianceGroup Nominees(Tempatan) Sdn Bhd
(Pledged securities account for Tan Sri Dato' Sri Pheng Yin Huah);
ii. 275,000 shares held by Tan Sri Dato' Sri Pheng Yin Huah;
iii. 1,350,000 shares held by ECML Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Tan Sri Dato' Sri Pheng Yin Huah); and
iv. 2,600,000 shares held by Citigroup Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Tan Sri Dato' Sri Pheng Yin Huah).


The indirect interest of 341,304,255 shares comprises the following:

i. 2,970,000 shares held by Kin Kee Metal Sdn Bhd;
ii. 18,650,000 shares held by Kin Kee Hardware Sdn Bhd;
iii. 40,190,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Perniagaan Kin Kee Sdn Bhd);
iv. 75,300,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd);
v. 201,194,255 shares held by RHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd); and
vi. 3,000,000 shares held by Kin Kee Holdings Sdn Bhd.

KINSTEL - Changes in Sub. S-hldr's Int. (29B) - Perniagaan Kin Kee Sdn. Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced26 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130726-41201

Particulars of substantial Securities Holder

NamePerniagaan Kin Kee Sdn. Bhd
AddressB-38, First Floor, Lorong Sri Teruntum 139,
Off Jalan Bukit Ubi,
25200 Kuantan, Pahang Darul Makmur
NRIC/Passport No/Company No.157540-V
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderRHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn. Bhd.)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed23/07/2013
1,000,000
 
Disposed24/07/2013
500,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestIndirect
Direct (units)40,190,000 
Direct (%)3.86 
Indirect/deemed interest (units)298,144,255 
Indirect/deemed interest (%)28.62 
Total no of securities after change338,334,255
Date of notice26/07/2013

Remarks :
Deemed interest by virtue of its direct interest in Kin Kee Holdings Sdn Bhd and Kin Kee Hardware Sdn Bhd pursuant to Section 6A of the Companies Act, 1965.

The indirect interest of 298,144,255 shares comprises the following:

i. 75,300,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(pledged securities account for Kin Kee Holdings Sdn Bhd);
ii. 18,650,000 shares held by Kin Kee Hardware Sdn. Bhd;
iii.201,194,255 shares held by RHB Nominees (Tempatan) Sdn Bhd
(pledged securities account for Kin Kee Holdings Sdn Bhd); and
iv. 3,000,000 shares held by Kin Kee Holdings Sdn Bhd.

KINSTEL - Changes in Sub. S-hldr's Int. (29B) - Dato' Hong Thian Hock

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced26 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130726-38742

Particulars of substantial Securities Holder

NameDato' Hong Thian Hock
AddressNo. 58, Lorong Kubang Buaya 54
25250 Kuantan, Pahang Darul Makmur
NRIC/Passport No/Company No.530612-06-5007
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderRHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed23/07/2013
1,000,000
 
Disposed24/07/2013
500,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestIndirect
Direct (units)1,438,400 
Direct (%)0.14 
Indirect/deemed interest (units)341,369,255 
Indirect/deemed interest (%)32.77 
Total no of securities after change342,807,655
Date of notice26/07/2013

Remarks :
Deemed interest by virtue of his shareholdings in Kin Kee Metal Sdn Bhd and Perniagaan Kin Kee Sdn Bhd which the latter is the major shareholder of Kin Kee Holdings Sdn Bhd and Kin Kee Hardware Sdn Bhd, and his indirect interest held through his child.

The indirect interest of 341,369,255 shares comprises the following:

i. 2,970,000 shares held by Kin Kee Metal Sdn Bhd;
ii.18,650,000 shares held by Kin Kee Hardware Sdn Bhd;
iii. 65,000 shares held by Hong Ching Pheng;
iv. 40,190,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Perniagaan Kin Kee Sdn Bhd);
v. 75,300,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd);
vi. 201,194,255 shares held by RHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd); and
vii. 3,000,000 shares held by Kin Kee Holdings Sdn Bhd.

KINSTEL - Mining Agreement between Kebawah Duli Yang Maha Mulia (“KDYMM Sultan of Pahang”) Sultan Haji Ahmad Shah Al-Musta'in Billah Ibni Al-Marhum Sultan Abu Bakar Ri'ayatuddin Al-Mu'adzam Shah (“the License Holder”) and Kinsteel Bhd ("Kinsteel")("Mining Agreement").

Announcement Type: General Announcement
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced26 Jul 2013  
CategoryGeneral Announcement
Reference NoCK-130726-61107

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDGG-130725-37782
SubjectMining Agreement between Kebawah Duli Yang Maha Mulia (“KDYMM Sultan of Pahang”) Sultan Haji Ahmad Shah Al-Musta'in Billah Ibni Al-Marhum Sultan Abu Bakar Ri'ayatuddin Al-Mu'adzam Shah (“the License Holder”) and Kinsteel Bhd ("Kinsteel")("Mining Agreement").
Description1. The length of the lease period granted to carry out the mining operations.

- The lease period shall follow the Mining Lease / Certificate, which shall be applied by the License Holder, KDYMM Sultan of Pahang. This has not been determined as at the date hereof.

2. The estimated amount of funds required to undertake the mining activities.

- The Company is in the midst of finalizing the details of appointment to undertake a feasibility study to determine the quantity and quality of the iron ore and / or other mineral deposits, and a proposed mining plan. Once finalised, an announcement will be made in due course.

3. Kinsteel’s rights, interests and obligations under the Mining Agreement.

- Kinsteel shall have, amongst others, the following rights and obligations:

• To enter the mining area to explore, search for, dig, win, work and obtain by quarrying, mining and/or excavation of the iron ore and to carry away, make merchantable, sell and/or dispose of the same for the Miner’s own benefit in any manner whatsoever at the sole and absolute discretion of the Miner without having to account to the License Holder at all;

• To do all or everything which in sole opinion or the absolute discretion of the Miner is necessary or convenient in accordance with the grant herein to mine, extract, store or otherwise develop the iron ore in or from the mining area for the benefit of the Miner;

• To bear the cost and expense of the mining operations and the winning of the iron ore and to provide labour, machineries and equipments and to pay for the labourers’ and workmen’s wages and other benefits including all statutory contributions being in force for the time being; and

• Without in any way limiting the foregoing, to sell at the sole and absolute discretion of the Miner the iron ore deposits to local or foreign entities provided such does not contravene the laws of Malaysia.

4. Name of relevant authorities’ approval required.

- The relevant authorities amongst others, include Pejabat Tanah dan Galian, Jabatan Mineral dan Geosains and Jabatan Alam Sekitar.

5. Further elaboration on the rationale for entering into the Mining Agreement.

- The mining operation complements Kinsteel’s core business which is in steel making.

6. Whether your company has appointed any expert to undertake the geophysical / feasibility study on the availability of the mineral within the mining site and the details thereof.

- Kinsteel is in the midst of finalising the details of the appointment as the Company has just signed the Mining Agreement.
Query Letter Contents We refer to your announcement dated 23 July 2013, in respect of the aforesaid
matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:

The length of the lease period granted to carry out the mining operations.
The estimated amount of funds required to undertake the mining activities.
Kinsteel's rights, interests and obligations under the Mining Agreement.
Name of relevant authorities' approval required.
Further elaboration on the rationale for entering into the Mining Agreement.
Whether your company has appointed any expert to undertake the
geophysical/feasibility study on the availability of the mineral within
the mining site and the details thereof.

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

Yours faithfully



HENG TECK HENG
Head, Issuers
Listing Division
Regulation

HTH/TGG
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)


COASTAL - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameCOASTAL CONTRACTS BHD  
Stock Name COASTAL  
Date Announced26 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130725-B3F6C

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionCoastal Contracts Bhd. (“COASTAL” or “the Company”)
Notification on Intention to deal in Securities of COASTAL by Madam Ng San Yin, a principal officer of the Company, during closed period

COASTAL has received a notification dated 26 July 2013 from Madam Ng San Yin, a principal officer of the Company, of her intention to deal in the Company’s securities during the closed period pending the announcement of the Company’s second quarterly financial report for the period ended 30 June 2013.

The current shareholdings of Madam Ng San Yin is as follows:

Direct

Indirect

Securities

No. of units

%

No. of units

%

Ordinary Shares of RM0.20 each

138,666

0.029

-

-

Warrants

17,300

0.029

-

-


COASTAL - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameCOASTAL CONTRACTS BHD  
Stock Name COASTAL  
Date Announced26 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130725-B3F6F

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionCoastal Contracts Bhd. (“COASTAL” or “the Company”)
Notification on Intention to deal in Securities of COASTAL by Madam Alice Ng, a principal officer of the Company, during closed period

COASTAL has received a notification dated 26 July 2013 from Madam Alice Ng, a principal officer of the Company, of her intention to deal in the Company’s securities during the closed period pending the announcement of the Company’s second quarterly financial report for the period ended 30 June 2013.

The current shareholdings of Madam Alice Ng is as follows:

Direct

Indirect

Securities

No. of units

%

No. of units

%

Ordinary Shares of RM0.20 each

34,866

0.007

-

-

Warrants

833

0.001

-

-


COASTAL - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameCOASTAL CONTRACTS BHD  
Stock Name COASTAL  
Date Announced26 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130725-B3F6E

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionCoastal Contracts Bhd. (“COASTAL” or “the Company”)
Notification on Intention to deal in Securities of COASTAL by Madam Pang Fong Thau, a principal officer of the Company, during closed period

COASTAL has received a notification dated 26 July 2013 from Madam Pang Fong Thau, a principal officer of the Company, of her intention to deal in the Company’s securities during the closed period pending the announcement of the Company’s second quarterly financial report for the period ended 30 June 2013.

The current shareholdings of Madam Pang Fong Thau is as follows:

Direct

Indirect

Securities

No. of units

%

No. of units

%

Ordinary Shares of RM0.20 each

61,516,175

12.734

175,856,226

36.402

Warrants

7,239,520

11.984

21,983,055

36.391


COASTAL - OTHERS Coastal Contracts Bhd ("Coastal" or "Company") - Vessel Sales Worth Approximately RM425 Million

Announcement Type: General Announcement
Company NameCOASTAL CONTRACTS BHD  
Stock Name COASTAL  
Date Announced26 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130726-B9E1D

TypeAnnouncement
SubjectOTHERS
DescriptionCoastal Contracts Bhd ("Coastal" or "Company") - Vessel Sales Worth Approximately RM425 Million

Coastal is pleased to announce that its wholly-owned subsidiaries have secured contracts for the sale of five units Anchor Handling Tug Supply, one unit 300 Men Accommodation Work Barge and one unit 85m Subsea Support/Maintenance Vessel for an aggregate value of approximately RM425 million.

Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 26 July 2013, Coastal Group has about RM1 billion worth of vessels sales orders awaiting delivery to customers up to 2014.

The revenue stream from the latest contracts is expected to contribute positively to the earnings per share and net assets per share of Coastal Group for the financial years ending 31 December 2013 and 31 December 2014.

None of the directors and/or substantial shareholders of the Company and persons connected with them have any interest, direct or indirect, in the above transactions.

Attachments

Media Release - 26 07 2013.pdf
98 KB


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