August 21, 2013

Company announcements: CENTURY, JOHOTIN, NIHSIN, IRMGRP, TOMEI, DIALOG, HEXAGON, TIMWELL

CENTURY - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY  
Date Announced21 Aug 2013  
CategoryGeneral Announcement
Reference NoCS-130821-412F1

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionCENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" or "the Company")
- DEALINGS IN SECURITIES OF CENTURY OUTSIDE CLOSED PERIOD PURSUANT TO PARAGRAPH 14.09 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to inform that Encik Shamsudin @ Samad Bin Kassim, a Director of the Company, had on 19 August 2013 and 20 August 2013 acquired a total of 28,600 ordinary shares of RM1.00 each. Details of the acquisition are set out in the table below:-

Date of Transaction
Number of Ordinary Shares Acquired
Price Transacted (RM)
Percentage (%)
19 August 2013
22,400
1.87
0.020
20 August 2013
6,200
1.86
0.005

This announcement is dated 21 August 2013.


JOHOTIN - Quarterly rpt on consolidated results for the financial period ended 30/6/2013

Announcement Type: Financial Results
Company NameJOHORE TIN BERHAD  
Stock Name JOHOTIN  
Date Announced21 Aug 2013  
CategoryFinancial Results
Reference NoCJ-130821-38F79

Financial Year End31/12/2013
Quarter2
Quarterly report for the financial period ended30/06/2013
The figureshave not been audited

Attachments

2Q 2013 QUARTERLY REPORT.pdf
712 KB


Remarks :
THIS ANNOUNCEMENT IS DATED 21 AUGUST 2013.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2013
30/06/2012
30/06/2013
30/06/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
61,540
61,147
113,334
115,688
2Profit/(loss) before tax
7,764
6,656
14,053
10,673
3Profit/(loss) for the period
5,660
5,254
11,228
8,866
4Profit/(loss) attributable to ordinary equity holders of the parent
5,660
5,254
11,228
8,866
5Basic earnings/(loss) per share (Subunit)
6.06
7.15
12.03
12.67
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
4.20
3.80


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 ($$)
1.7900
1.6700
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


NIHSIN - OTHERS NI HSIN RESOURCES BERHAD (“NHR” OR “COMPANY”) TRADEMARK LICENSE AGREEMENT BETWEEN STANDARDWORLD HOLDING LTD AND NI HSIN CORPORATION SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

Announcement Type: General Announcement
Company NameNI HSIN RESOURCES BERHAD  
Stock Name NIHSIN  
Date Announced21 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130821-56788

TypeAnnouncement
SubjectOTHERS
DescriptionNI HSIN RESOURCES BERHAD (“NHR” OR “COMPANY”)
TRADEMARK LICENSE AGREEMENT BETWEEN STANDARDWORLD HOLDING LTD AND NI HSIN CORPORATION SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

INTRODUCTION

1. The Board of Directors of NHR wishes to announce that Ni Hsin Corporation Sdn Bhd (Company No. 185578-V) (“NHC”), a wholly-owned subsidiary of NHR, had on 21 August 2013 entered into a Trademark License Agreement (“TLA”) with Standardworld Holding Ltd (“SHL”) for the renewal of the use of the “Buffalo” trademark for a further term of ten (10) years from the date of the TLA.


2. BACKGROUND INFORMATION OF THE COMPANIES INVOLVED IN THE TLA

2.1 Background information of NHC

          NHC was incorporated in Malaysia under the Companies Act 1965 on 16 August 1989 as a private limited company.

          The principal activity of NHC is design, manufacture and sale of stainless steel kitchenware and cookware.

          The authorised capital of NHC is RM15,000,000.00 divided into 15,000,000 Ordinary Shares of RM1.00 each. The total issued and paid-up share capital is 13,764,706 Ordinary Shares of RM1.00 each.
2.2 Background information of SHL
          SHL is a corporation with its principal place of business at 2711 Centerville Road, Suite 400, in the city of Wilmington, Country of New Castle, Delaware, U.S.A.

          SHL was incorporated on 17 October 2000 pursuant to the Companies Act of the State of Delaware, U.S.A..
      The principal activity of SHL is investment holding company.
      The registered capital of SHL is 1,000 shares without par value.

3. SOME SALIENT TERMS OF THE TLA

      3.1 The TLA shall become effective from the date of the TLA and shall continue for a Term of ten (10) years until and unless terminated by either of the parties by giving six (6) months’ notice of termination in writing to the other party.

      3.2 Termination of the TLA for whatever reason shall not affect the accrued rights of the parties arising in any way out of the TLA as at the date of termination and in particular but without limitation the right to recover damages from the other.

      3.3 Annual royalty fee of 1.5% of net sale price is payable to SHL by NHC pursuant to the TLA dated 21 August 2003.

4. RATIONALE FOR THE RENEWAL OF THE TLA
      NHR via its subsidiary company, NHC executed the TLA with SHL for renewal of the TLA to achieve a number of strategic and financial benefits including the following:

      (a) Long-term business plans to expand NHR and its subsidiaries' ("the Group") performance.
        (b) The renewal of the TLA provides for exclusive rights for NHC to be registered user of the “Buffalo” trademark for a period of ten (10) years.

        (c) NHR is of the view that the said renewal will augur well for the Group and is expected to have positive contributions going forward.
      5. EFFECT OF RENEWAL OF THE TLA
          The renewal of TLA is expected to have positive contribution towards the revenue of the Group.

          The renewal of TLA will not have any effect on the issued and paid-up share capital, substantial shareholding, earnings per share, net assets per share and gearing of the Group.

      6. DIRECTORS' AND MAJOR SHEREHOLDERS' INTEREST
          Hsiao Chih Jen, Hsiao Chih Chien and Hsiao Chih Che (“Hsiao brothers”) are Directors and Substantial Shareholders of SHL as well as NHR. They are also Directors of NHC.

          Hsiao Tsai Sheng and Hsiao Liu Lee are Substantial Shareholders of NHR and are persons connected to Hsiao Chih Jen, Hsiao Chih Chien and Hsiao Chih Che by virtue of being the parents of Hsiao brothers.

          Hsiao Tung Min is a Director and Shareholder of NHR and is the son of Hsiao Chih Jen.

          Save as disclosed above, none of the directors and major shareholders of the Company as well as persons connected with them have any interest, direct and/or indirect, in the said TLA.

      7. WHETHER SHAREHOLDERS’ APPROVAL IS REQUIRED
          Approval by the shareholders of NHR is not required for the renewal of the TLA.

      8. DIRECTORS' STATEMENT
          Save for the interested Directors as disclosed above, the Board of Directors is of the opinion that the renewal of the TLA will be in the best and long term beneficial interest of the Company.

      9. DOCUMENT AVAILABLE FOR INSPECTION
          The TLA may be inspected at the registered office of Lot 6.05, Level 6, KPMG Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan during 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 21st August 2013.


      IRMGRP - MATERIAL LITIGATION

      Announcement Type: General Announcement
      Company NameIRM GROUP BERHAD  
      Stock Name IRMGRP  
      Date Announced21 Aug 2013  
      CategoryGeneral Announcement
      Reference NoCS-130821-79E2B

      TypeAnnouncement
      SubjectMATERIAL LITIGATION
      DescriptionIRM GROUP BERHAD (“IRMGB” or “the Company”)
      - Letter of Demand (“Demand”) By Hong Leong Bank Berhad (“HLBB”)
      IRM Group Berhad ("IRMGB" or "The Company") wishes to announce that a Letter of Demand (“Demand”) dated 20 August 2013 had been served on Industrial Resins (Malaysia) Sdn. Bhd. (“IRMSB”), a wholly-owned subsidiary of IRMGB, by Messrs. Shook Lin & Bok, acting for and on behalf of Hong Leong Bank Berhad (“HLBB”), demanding payment of a sum of RM9,462,491.38 (as at 31 July 2013).
      IRMSB is in arrears and default of payment under the HLBB’s Restructuring Agreement dated 2 August 2012 and the Omnibus Trade Lines, details as follows:-

      a) Term Loan
      Amount in Arrears : RM1,739,076.00
      Late Charges : RM5,233.11
      Total : RM1,744,309.11

      b) Omnibus Trade Lines

      Facility(ies)
      Total Due (RM)
      Bankers Acceptance
      1,607,915.50
      Bankers Acceptance
      251,786.05
      Bankers Acceptance
      251,786.05
      Bankers Acceptance
      1,122,203.16
      Bankers Acceptance
      1,112,203.16
      Bankers Acceptance
      461,595.47
      Bankers Acceptance
      620,637.06
      Bankers Acceptance
      1,167,748.87
      Bankers Acceptance
      835,046.78
      Past Due Bank Guarantee
      297,260.17
      Total Due
      7,718,182.27

      The reason leading to the Demand was due to the failure of IRMSB to regularise its’ accounts. Further, IRMSB failed to comply with the various terms and conditions set out in HLBB’s letter of offer dated 28 March 2013 (as amended by a subsequent letter of 10 April 2013).

      IRMSB is given seven (7) days from the date of the Demand to pay the aforesaid sum of RM9,462,491.38 and to regularise IRMSB’s accounts, failing which, HLBB shall immediately recall all the banking facilities granted to IRMSB and enforce all their rights and remedies available against IRMSB.

      IRMSB is in the midst of seeking legal advice to defend against the aforesaid Demand and in the process of reorganising its' restructuring plan.

      Further announcement on the material development of the above matter will be made in due course.

      This announcement is dated 21 August 2013.


      TOMEI - Quarterly rpt on consolidated results for the financial period ended 30/6/2013

      Announcement Type: Financial Results
      Company NameTOMEI CONSOLIDATED BERHAD  
      Stock Name TOMEI  
      Date Announced21 Aug 2013  
      CategoryFinancial Results
      Reference NoCM-130819-51712

      Financial Year End31/12/2013
      Quarter2
      Quarterly report for the financial period ended30/06/2013
      The figureshave not been audited

      Attachments

      TCB QtrReport FY13Q2.pdf
      83 KB

      • Default Currency
      • Other Currency

      Currency: Malaysian Ringgit (MYR)

      SUMMARY OF KEY FINANCIAL INFORMATION
      30/06/2013

       
      INDIVIDUAL PERIOD
      CUMULATIVE PERIOD
      CURRENT YEAR QUARTER
      PRECEDING YEAR
      CORRESPONDING
      QUARTER
      CURRENT YEAR TO DATE
      PRECEDING YEAR
      CORRESPONDING
      PERIOD
      30/06/2013
      30/06/2012
      30/06/2013
      30/06/2012
      $$'000
      $$'000
      $$'000
      $$'000
      1Revenue
      256,854
      149,866
      408,085
      305,551
      2Profit/(loss) before tax
      -9,215
      5,493
      -5,632
      15,951
      3Profit/(loss) for the period
      -7,138
      3,920
      -4,730
      11,634
      4Profit/(loss) attributable to ordinary equity holders of the parent
      -7,154
      3,821
      -4,790
      11,390
      5Basic earnings/(loss) per share (Subunit)
      -5.16
      2.76
      -3.46
      8.22
      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 ($$)
      1.3400
      1.3900
      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


      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 Announced21 Aug 2013  
      CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Reference NoDG-130821-05E6D

      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)
      Acquired16/08/2013
      1,663,400
       

      Circumstances by reason of which change has occurredPurchase of shares
      Nature of interestDirect
      Direct (units)392,833,935 
      Direct (%)16.31 
      Indirect/deemed interest (units) 
      Indirect/deemed interest (%) 
      Total no of securities after change392,833,935
      Date of notice21/08/2013

      Remarks :
      Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Acquired 1,663,400 shares) - 322,950,394 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) - 21,866,367 shares
      Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 11,485,000 shares
      Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA)- 19,237,820 shares
      Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - 2,250,000 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) - 2,500,000 shares

      Total No. of shares - 392,833,935 shares


      HEXAGON - MATERIAL LITIGATION

      Announcement Type: General Announcement
      Company NameHEXAGON HOLDINGS BHD  
      Stock Name HEXAGON  
      Date Announced21 Aug 2013  
      CategoryGeneral Announcement
      Reference NoCM-130821-40762

      TypeAnnouncement
      SubjectMATERIAL LITIGATION
      DescriptionHEXAGON HOLDINGS BERHAD (“HHB” or “the Company”) Writ of Summon and Statement of Claim by Bank Muamalat Malaysia Berhad (“BMMB”)

      Further to the announcement made on 6 August 2013, the Board of Directors of HHB wishes to announce that on 20 August 2013, a Writ of Summon and Statement of Claim dated 15 August 2013 had been served on the Company by Messrs Shearn Delamore & Co ("the Solicitor") acting for Bank Muamalat Malaysia Berhad (“BMMB”) and this shall be heard at the High Court of Kuala Lumpur on 26 August 2013.

      HHB is in the midst of seeking legal advice to defend against the aforesaid Demand.

      If the Claim would subsequent crystallize, the potential liabilities would have financial and operation impact to the Company.

      Further announcement on the material development of the above matter will be made in due course.

      This announcement is dated 21 August 2013.



      TIMWELL - Changes in Sub. S-hldr's Int. (29B) - Lam Soei Tin @ Agnes Lam

      Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Company NameTIMBERWELL BERHAD  
      Stock Name TIMWELL  
      Date Announced21 Aug 2013  
      CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Reference NoTT-130821-F0453

      Particulars of substantial Securities Holder

      NameLam Soei Tin @ Agnes Lam
      AddressC2-02 Marina Court
      88000 Kota Kinabalu
      Sabah
      NRIC/Passport No/Company No.500320665
      Nationality/Country of incorporationBritish
      Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
      Name & address of registered holderTan Tjeng Hok @ Lam Hak Ming
      P.O. Box 10827
      88809 Kota Kinabalu
      Sabah

      Details of changes

      Currency: Malaysian Ringgit (MYR)

      Type of transactionDate of change
      No of securities
      Price Transacted (RM)
      Acquired20/08/2013
      5,000
      0.500 

      Circumstances by reason of which change has occurredAcquisition of shares in open market by her father, Tan Tjeng Hok @ Lam Hak Ming
      Nature of interestIndirect interest vis shares held by connected person
      Direct (units)210,000 
      Direct (%)0.24 
      Indirect/deemed interest (units)28,272,998 
      Indirect/deemed interest (%)31.75 
      Total no of securities after change28,482,998
      Date of notice20/08/2013

      Remarks :
      The Form 29B was received by the Company on 20 August 2013.


      TIMWELL - Changes in Sub. S-hldr's Int. (29B) - Tan Tjeng Hok @ Lam Hak Ming

      Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Company NameTIMBERWELL BERHAD  
      Stock Name TIMWELL  
      Date Announced21 Aug 2013  
      CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Reference NoTT-130821-F0452

      Particulars of substantial Securities Holder

      NameTan Tjeng Hok @ Lam Hak Ming
      AddressP.O. Box 10827
      88809 Kota Kinabalu
      Sabah
      NRIC/Passport No/Company No.240730-71-5247
      Nationality/Country of incorporationPermanent Resident in Malaysia
      Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
      Name & address of registered holder1) Tan Tjeng Hok @ Lam Hak Ming
      P.O.Box 10827
      88809 Kota Kinabalu
      Sabah

      2) RHB Nominees (Asing) Sdn. Bhd.
      (formerly known as OSK Nominees (Asing) Sdn. Bhd.)
      Tingkat 5, Wisma BSN Sabah
      Jalan Kemajuan Karamunsing
      88000 Kota Kinabalu
      Sabah

      Details of changes

      Currency: Malaysian Ringgit (MYR)

      Type of transactionDate of change
      No of securities
      Price Transacted (RM)
      Acquired20/08/2013
      5,000
      0.500 

      Circumstances by reason of which change has occurredAcquisition of shares in open market
      Nature of interestDirect interest
      Direct (units)19,117,200 
      Direct (%)21.47 
      Indirect/deemed interest (units) 
      Indirect/deemed interest (%) 
      Total no of securities after change19,117,200
      Date of notice20/08/2013

      Remarks :
      The Form 29B was received by the Company on 20 August 2013.


      TIMWELL - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

      Announcement Type: General Announcement
      Company NameTIMBERWELL BERHAD  
      Stock Name TIMWELL  
      Date Announced21 Aug 2013  
      CategoryGeneral Announcement
      Reference NoTT-130821-F044F

      TypeAnnouncement
      SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
      DEALINGS DURING CLOSED PERIOD
      DescriptionDEALING IN THE COMPANY'S SECURITIES DURING CLOSED PERIOD PURSUANT TO PARAGRAPH 14.08 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

      We wish to announce that the Company has received notification from Madam Lam Soei Tin @ Agnes Lam, Director of the Company on dealing in the securities of the Company during the closed period by her father, Mr Tan Tjeng Hok @ Lam Hak Ming, as defined in the Main Market Listing Requirements of Bursa Securities as shown in the table below:-

      Date of dealing

      Average consideration per share

      No. of Securities

      % of Issued Share Capital

      Transaction

      20/08/2013

      RM0.50

      5,000

      0.006

      Acquisition

      1) There is no change in the direct interest held by Mdm Lam Soei Tin @ Agnes Lam.

      2) The notification letter on the above dealing was received by the Company on 20 August 2013.



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