July 3, 2013

Company announcements: TOYOINK, EMETALL, FAVCO, HANDAL, DIALOG, RUBEREX, NOMAD, TALIWRK, MAHSING-CL, MAHSING-CP

TOYOINK - OTHERS PROPOSED RATIFICATION OF THE DIVERSIFICATION OF BUSINESS OF TOYO INK GROUP BERHAD AND ITS SUBSIDIARY COMPANIES INTO ELECTRIC POWER GENERATION VIA THE PROPOSED INVESTMENT IN A 2 x 1,000 MEGAWATT COAL-FIRED THERMAL POWER PLANT IN VIETNAM ON A BUILD, OPERATE AND TRANSFER BASIS

Announcement Type: General Announcement
Company NameTOYO INK GROUP BERHAD  
Stock Name TOYOINK  
Date Announced3 Jul 2013  
CategoryGeneral Announcement
Reference NoCS-130702-65280

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED RATIFICATION OF THE DIVERSIFICATION OF BUSINESS OF TOYO INK GROUP BERHAD AND ITS SUBSIDIARY COMPANIES INTO ELECTRIC POWER GENERATION VIA THE PROPOSED INVESTMENT IN A 2 x 1,000 MEGAWATT COAL-FIRED THERMAL POWER PLANT IN VIETNAM ON A BUILD, OPERATE AND TRANSFER BASIS

The Board of Directors of TIGB (“Board”) wishes to announce that the Company intends to diversify the business of the TIGB Group into electric power generation via the proposed investment in a proposed 2 x 1,000 MW coal-fired thermal power plant to be constructed at Song Hau Power Complex, Hau Giang province, Vietnam on a build, operate and transfer basis (“Diversification”).

Please refer to the attachment for the full announcement on the Diversification.



EMETALL - Changes in Director's Interest (S135) - Tan Sri Dato' Mohd Desa bin Pachi

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameEONMETALL GROUP BERHAD  
Stock Name EMETALL  
Date Announced3 Jul 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130702-116EF

Information Compiled By KLSE

Particulars of Director

NameTan Sri Dato' Mohd Desa bin Pachi
AddressNo. 10, Jalan PJU 1A/26, Ara Damansara, 47301 Petaling Jaya
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)
Others
01/07/2013
20,000
0.335 

Description of other type of transactionVia son's disposal of 20,000 ordinary shares (approximately 0.01% of the total paid up capital) through open market
Circumstances by reason of which change has occurredVia son's disposal of 20,000 ordinary shares (approximately 0.01% of the total paid up capital) through open market
Nature of interestDeemed interest
Consideration (if any) 

Total no of securities after change

Direct (units)630,000 
Direct (%)0.37 
Indirect/deemed interest (units)1,594,000 
Indirect/deemed interest (%)0.95 
Date of notice03/07/2013

Remarks :
1. This announcement serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing outside closed period.
2. This notice was received on 3 July 2013.
3. Total issued and paid-up share capital of 168,658,000 ordinary shares of RM0.50 each, excluding 2,513,000 treasury shares.


FAVCO - OTHERS FAVELLE FAVCO BERHAD ("FFB" or "the Company") ACCEPTANCE OF PURCHASE ORDERS

Announcement Type: General Announcement
Company NameFAVELLE FAVCO BERHAD  
Stock Name FAVCO  
Date Announced3 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130703-56187

TypeAnnouncement
SubjectOTHERS
DescriptionFAVELLE FAVCO BERHAD ("FFB" or "the Company")
ACCEPTANCE OF PURCHASE ORDERS

INTRODUCTION

The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes Pte Ltd and Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the months of June 2013 and July 2013:-

Contracts secured byCustomer Brief description of the Contracts Duration of the Contracts
Favelle Favco Cranes Pte LtdDP Offshore Engineering Pte LtdSupply of Offshore Crane

which is expected to be delivered from end 2014 to early 2015

Favelle Favco Cranes (M) Sdn Bhd

Cosco (Guangdong) Shipyard Co. LtdSupply of Offshore Cranewhich is expected to be delivered by third quarter of 2014
Favelle Favco Cranes (M) Sdn BhdEssar Projects (India) LtdSupply of Offshore Crane

which is expected to be delivered by first quarter of 2014

The approximate combined value of the above substantial orders secured amount to RM61.5 million.

FINANCIAL EFFECTS

The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2013 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB.

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 above Contracts.

DIRECTORS' STATEMENT

The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts are in the best interest of FFB.

This announcement is dated 3 July 2013.



HANDAL - OTHERS HANDAL RESOURCES BERHAD (“HRB” or “the Company”) - COLLABORATION AGREEMENT WITH MEO AUSTRALIA LIMITED

Announcement Type: General Announcement
Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL  
Date Announced3 Jul 2013  
CategoryGeneral Announcement
Reference NoCA-130703-56026

TypeAnnouncement
SubjectOTHERS
DescriptionHANDAL RESOURCES BERHAD (“HRB” or “the Company”)

- COLLABORATION AGREEMENT WITH MEO AUSTRALIA LIMITED
The Board of Directors of HRB wishes to inform that the Company has on 2 July 2013 executed a collaboration agreement (“CA”) with MEO Australia Limited (“MEO”), a public listed company incorporated in Australia and listed on the Australian Stock Exchange to set out the respective parties rights, interest and obligations in the collaboration to consolidate each parties’ expertise in the area of marginal oil and gas field development to pursue and thereafter to enter into a Risk Service Contract agreement with PETRONAS (“the Project”).

Under the terms of the CA, the scope of collaboration in the Project and as encompassed in the CA shall be as follows:

      (a) HRB shall be responsible to provide its expertise in providing local knowledge of upstream activities;
      (b) MEO, an independent oil and gas company, shall be responsible to provide its expertise in exploration, appraisal, development and production aspects.
HRB and MEO has further agreed to establish a consortium under the Project where the shareholding and profit sharing ratio shall be agreed in writing at a later date.

The rationale for the collaboration is to tap the expertise that is already available at MEO and to enhance the business opportunities of the HRB Group into the related oil and gas ventures.

Save as disclosed above, none of the Directors and other major shareholders of HRB and/or persons connected to them has any interest, whether direct or indirect, in the above CA.

This announcement is dated 3 July 2013.



DIALOG - 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 NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced3 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-130703-9BC68

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 RM0.10 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)
Disposed28/06/2013
2,075,000
 
Acquired28/06/2013
1,600,300
 

Circumstances by reason of which change has occurredPurchase and Disposal of shares
Nature of interestDirect
Direct (units)381,476,035 
Direct (%)15.84 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change381,476,035
Date of notice03/07/2013

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 1,775,000 shares) - 317,312,494 shares
Employees Provident Fund Board - 1,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 1,485,054 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 8,059,300 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) (Acquired 1,600,300 shares) - 21,866,367 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 8,485,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) - 15,067,820 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) (Disposed 300,000 shares) - 3,100,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (RHB INV) - 1,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - 3,100,000 shares

Total No. of shares - 381,476,035 shares


RUBEREX - OTHERS Proposed acquisition of the glove business and entire production facilities including plant, machinery, equipment, land and buildings by Rubberex Alliance Sdn Bhd (formerly known as Biogreen Medical Sdn Bhd), for a total consideration of RM113.0 million (“Acquisition”)

Announcement Type: General Announcement
Company NameRUBBEREX CORPORATION (M) BERHAD  
Stock Name RUBEREX  
Date Announced3 Jul 2013  
CategoryGeneral Announcement
Reference NoCI-130702-63571

TypeAnnouncement
SubjectOTHERS
DescriptionProposed acquisition of the glove business and entire production facilities including plant, machinery, equipment, land and buildings by Rubberex Alliance Sdn Bhd (formerly known as Biogreen Medical Sdn Bhd), for a total consideration of RM113.0 million (“Acquisition”)
The board of directors of RCM wishes to announce that its sub-subsidiary, Rubberex Alliance Sdn Bhd (formerly known as Biogreen Medical Sdn Bhd) (“Purchaser”), has agreed on 03 July 2013 to purchase from Alliance Rubber Products Sdn Bhd (Company no. 52446-U), a company incorporated in Malaysia with its registered office at Suite 2-1, 2nd Floor Menara Penang Garden, No. 42A Jalan Sultan Ahmad Shah, 10500 Pulau Pinang (“Vendor”), its glove business and entire production facilities for the manufacture of nitrile and latex disposable gloves, for a total consideration of RM113,000,000.00 (Ringgit Malaysia One Hundred Thirteen Million) only (“Purchase Price”).
The Acquisition would be strategic and synergistic to RCM’s existing operation. Besides complementing its existing range of products, it is expected to contribute significantly to the future earnings of the Group. However, this Acquisition would not have a material impact on the current financial year as it is only expected to be completed by the last quarter of the year.

The Acquisition will be part-funded by bank borrowings and internally generated funds.

An earnest deposit of RM100,000.00 (Ringgit Malaysia One Hundred Thousand only) has been paid to the Vendor on 03 July 2013. A deposit which is equivalent to 10% of the Purchase Price (less the earnest deposit) shall be payable to the Vendor upon execution of the Sale and Purchase Agreement (“SPA”) in due course.

A detailed announcement regarding the Acquisition shall be made upon execution of the SPA.

This announcement is dated 03 July 2013.


NOMAD - OTHERS The Nomad Group Bhd ("Nomad" or "the Company") - Incorporation of The Nomad Offices Asia Sdn Bhd ("Nomad Offices Asia")

Announcement Type: General Announcement
Company NameTHE NOMAD GROUP BHD  
Stock Name NOMAD  
Date Announced3 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130703-43475

TypeAnnouncement
SubjectOTHERS
DescriptionThe Nomad Group Bhd ("Nomad" or "the Company")
- Incorporation of The Nomad Offices Asia Sdn Bhd ("Nomad Offices Asia")

The Board of Directors of Nomad wishes to announce that the Company had on 2 July 2013 incorporated a wholly-owned subsidiary in Malaysia, The Nomad Offices Asia Sdn Bhd (Company No. 1052451-H).

The authorised share capital of Nomad Offices Asia is RM400,000 divided into 400,000 ordinary shares of RM1.00 each with its issued and fully paid-up share capital of RM2.00 divided into 2 ordinary shares of RM1.00 each. Nomad Offices Asia is currently dormant and the intended principal activities are investment holding and providing serviced office operations.

The incorporation of Nomad Offices Asia is not expected to have any material effects on the issued and paid-up share capital, consolidated earnings and net assets per share, gearing and major shareholders' shareholdings of Nomad for the financial year ending 31 December 2013.

None of the Directors and/or major shareholders of Nomad and/or persons connected with them has any interest, direct or indirect, in the incorporation of Nomad Offices Asia.

This announcement is dated 3 July 2013.



TALIWRK - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameTALIWORKS CORPORATION BERHAD  
Stock Name TALIWRK  
Date Announced3 Jul 2013  
CategoryGeneral Announcement
Reference NoCS-130703-58FA1

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionTALIWORKS CORPORATION BERHAD ("Taliworks" or "the Company")
- Civil Suit by Puresino (Guanghan) Water Co. Ltd. (“PGH”), a subsidiary of Taliworks

INFORMATION ON THE CIVIL SUIT

Plaintiff : PGH
Defendants: (i) Puresino International Limited (“PIL”)
(ii) Beijing Puresino Boda Environmental Engineering Co. Ltd. (“BODA”)
(iii) Miao Dongyuan
(iv) Wang Shaoyin
(v) Fu Shijun
(vi) Li Lu
Further to the announcements made by the Company on 30 March 2011 and 10 January 2013 in relation to the above matter, the Board of Directors of Taliworks wishes to inform that PGH has received a Civil Ruling issued by the Sichuan Provincial Higher People’s Court on 1 July 2013 whereby the appeal by PGH was dismissed.
The decision of the Court is final.

The decision of the Court is not expected to have a material financial impact on the financial results of the Group for the financial year ending 31 December 2013.

This announcement is dated 3 July 2013.


MAHSING-CL - Listing Information & Profile for Structured Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
NameMAHSING-CL: CW MAH SING GROUP BERHAD (OSK)  
Stock Name MAHSING-CL  
Date Announced3 Jul 2013  
CategoryListing Information & Profile
Reference NoMI-130703-56130

Instrument TypeStructured Warrants
Type of Structure WarrantsCall Warrants
DescriptionNON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS 
Underlying StockMAH SING GROUP BERHAD
IssuerRHB INVESTMENT BANK BERHAD
Stock Code8583CL
Stock Short NameMAHSING-CL
ISIN CodeMYL8583CLNB6
BoardStructured Warrants
SectorPROPERTIES

Initial Listing Information

Listing Date14/11/2012
Term Sheet Date12/11/2012
Issue Date12/11/2012
Issue/ Ask PriceMYR 0.1500
Issue Size IndicatorUnit
Issue Size in Unit40,000,000
Maturity Date12/11/2013
Exercise/Strike/Conversion PriceMYR 2.0300
Revised Exercise/Strike/Conversion PriceMYR 1.6900 
Exercise/ Conversion Ratio2.71:1
Revised Exercise/ Conversion Ratio2.25:1 
Settlement Type/ Convertible intoCash
Name and contact details of market maker
(if applicable)
RHB Investment Bank Berhad
Derivatives & Structured Products
21st Floor, Plaza OSK
Jalan Ampang
50450 Kuala Lumpur
Telephone no. : (603) 2162 0288
Facsimile no. : (603) 2163 4836 
Circumstances under which the market maker may not be able to provide quotes
(if applicable)
Please refer to Section 5.4 of the Base Prospectus dated 30 December 2011 and Section 3.1 of the Term Sheet dated 12 November 2012 

Remarks :
The Exercise Price and Entitlement are adjusted pursuant to the bonus issue of up to 295,698,129 new ordinary shares of RM0.50 each in MAHSING ("MAHSING Shares") on the basis of one (1) Bonus Share for every five (5) existing MAHSING Shares ("Bonus Issue") in accordance with the following formula:

Adjusted Entitlement
= (1 + N) x E
= (1 + 0.2000) x 0.3690
= 0.4428 (equivalent to Exercise Ratio of 2.25 MAHSING-CL per MAHSING Share)

Adjusted Exercise Price
= [1 / (1 + N)] x K
= [1 / (1 + 0.2000)] x RM2.03
= RM1.69

Where

E: 0.3690, being the existing Entitlement immediately prior to the Bonus Issue (equivalent to entitlement of 2.71 MAHSING-CL per MAHSING Share)

N: 0.2000 being the number of additional shares (whether a whole or a fraction) received by a holder of existing shares for each share held prior to the Bonus Issue

K: RM 2.03, being the existing Exercise Price of MAHSING-CL immediately prior to the Bonus Issue


This announcement is dated 3 July 2013.


MAHSING-CP - Listing Information & Profile for Structured Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
NameMAHSING-CP: CW MAH SING GROUP BERHAD (CIMB)  
Stock Name MAHSING-CP  
Date Announced3 Jul 2013  
CategoryListing Information & Profile
Reference NoMM-130702-6BAA6

Instrument TypeStructured Warrants
Type of Structure WarrantsCall Warrants
DescriptionEuropean Style Non-Collateralised Cash-Settled  
Underlying StockMah Sing Group Berhad
IssuerCIMB Bank Berhad
Stock Code8583CP
Stock Short NameMAHSING-CP
ISIN CodeMYL8583CPO63
BoardStructured Warrants
SectorPROPERTIES

Initial Listing Information

Listing Date05/06/2013
Term Sheet Date04/06/2013
Issue Date04/06/2013
Issue/ Ask PriceMYR 0.1500
Issue Size IndicatorUnit
Issue Size in Unit50,000,000
Maturity Date30/06/2014
Exercise/Strike/Conversion PriceMYR 3.1500
Revised Exercise/Strike/Conversion PriceMYR 2.6250 
Exercise/ Conversion Ratio3 : 1
Revised Exercise/ Conversion Ratio2.5 : 1 
Settlement Type/ Convertible intoCash
Name and contact details of market maker
(if applicable)
CIMB Bank Berhad
c/o Equity Derivatives Group
11th Floor Commerce Square
Jalan Semantan
Damansara Heights
50490 Kuala Lumpur

Tel: 03-2084 9942
Fax: 03-2093 6098  
Circumstances under which the market maker may not be able to provide quotes
(if applicable)
Please refer to Section 5.2 of the Base Prospectus dated 6 May 2013 


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