August 28, 2013

Company announcements: IRMGRP, PA, UMSNGB

IRMGRP - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameIRM GROUP BERHAD  
Stock Name IRMGRP  
Date Announced28 Aug 2013  
CategoryGeneral Announcement
Reference NoCS-130828-6F69E

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionIRM GROUP BERHAD ("IRMGB" OR "THE COMPANY")
- MEMORANDUM OF UNDERSTANDING ("MoU") BETWEEN INDUSTRIAL RESINS (MALAYSIA) SDN. BHD. ("IRMSB") AND SYNTHOMER SDN. BHD. ("SYNTHOMER")
The Board of Directors of IRM Group Berhad ("IRMGB") is pleased to announce that Industrial Resins (Malaysia) Sdn. Bhd. ("IRMSB"), a wholly-owned subsidiary of IRMGB had on 16 July 2013 entered into a Memorandum of Understanding ("MoU") with Synthomer Sdn. Bhd. ("Synthomer") for the purpose of purchasing two (2) units of 5,000 ball tanks from IRMSB together with office block, instrumentation, pipeline, cooler, water tank, deluge and fire fighting units, gas generator and other equipments located at Lot 123, Jalan Cecair Dua, Kawasan Perdagangan Bebas, 81700 Pasir Gudang, Johor (all these assets are collectively referred to as the "Tank Farm") upon the terms and conditions stipulated therein.

Synthomer is a company incorporated in Malaysia under the Companies Act, 1965 and having its registered address at 1 1/2 Miles, Jalan Batu Pahat, 86000 Kluang, Johor Darul Takzim.


1. Principal Conditions of the MoU
The principal condition of the MoU is as follows :

(i) The purchase price of the Tank Farm will be negotiated and agreed between IRMSB and Synthomer during the term of this MoU in the range of RM10,000,000.00 to RM15,000,000.00, taking into account the findings of any financial, environmental, technical and legal due diligence investigations (the "Investigations"), and will be payable by Synthomer to IRMSB upon completion of sale, via bank transfer, subject to the conditions as stipulated in the MoU.

The Sale and Purchase Agreement between IRMSB and Synthomer will be entered into in due course.

2. Conditional Terms

The above offer is conditional upon the fulfillment of the additional terms and conditions as follows :

(i) The price will be considered in the context that the current land lease to which the Tank Farm is subject (the "Lease"), expires in 2022, and the rent payable under the Lease exceeds the commercial market rates for comparable land.

(ii) Synthomer conducting, and being satisfied with the results of the Investigations, along with any other reports and investigations that Synthomer decides necessary.

(iii) IRMSB:

(a) cooperating fully with Synthomer in order to carry out the Investigations;

(b) allowing Synthomer's officers, employees and professional advisors full access to the Tank Farm, along with any such records in respect of the Tank Farm, as required to complete the Investigations; and

(c) providing, or procuring the provision of, all information required by Synthomer to complete the Investigations and all information provided being accurate and not misleading including without limitation to the provision of all statutory approvals and authorisations such as EIA, CIMAH as requested in Synthomer's document checklist.

(iv) The parties negotiating and signing a detailed and legally binding purchase agreement containing customary warranties and indemnities, prepared by Synthomer's advisers.

(v) Synthomer and IRMSB will negotiate the price in good faith upon completion of the Investigations.

(vi) The validity of this MoU is for three (3) months from the date of signing of the MoU with the option to buy the Tank Farm within the validity of the MoU.

(vii) Synthomer has the exclusive option to buy the Tank Farm within the validity of the MoU.

3. Agreement

A definitive agreement will be executed upon the completion of the MoU.

4. Directors' and Major Shareholders' Interests

None of the Directors and / or major shareholders and / or persons connected to them has any interests, direct or indirect in the MoU.


This announcement is dated 28 August 2013.


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

Announcement Type: General Announcement
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced28 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130828-3F3DB

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionP.A. Resources Berhad
-Dealing by Director during closed period pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

We wish to announce that P.A. Resources Berhad ("the Company") has received a notification pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad from Mr Chong Sze San who is the Non Independent Non Executive Director of the Company in relation to his direct disposal of 4,591,900 ordinary shares of RM0.10 each in the Company  during Closed Period, details of which is set out below:-


Ordinary Shares of RM0.10 each

Name of Director
Date Transacted
Opening Balance
No. of Shares Disposed
Percentage of Shares Disposed
*Consideration
(RM)
Closing Balance
Percentage of Shares Held After the Transaction

      Chong Sze San

Direct Interest
27/08/2013
15,821,500

4,591,900

0.53
0.130
11,229,600
1.30
Indirect Interest
-
5,198,580
-
-
-
5,198,580
-



* Price Per Share

 

This announcement is dated 28 August 2013.

 


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

Announcement Type: General Announcement
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced28 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130828-4F729

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionP.A. Resources Berhad
-Dealing by Director during closed period pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

We wish to announce that P.A. Resources Berhad ("the Company") has received a notification pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad from Mr Chong Sze San who is the Group Managing Director of the Company in relation to his direct disposal of 4,243,700 ordinary shares of RM0.10 each in the Company  during Closed Period, details of which is set out below:-


Ordinary Shares of RM0.10 each

Name of Director
Date Transacted
Opening Balance
No. of Shares Disposed
Percentage of Shares Disposed
*Consideration
(RM)
Closing Balance
Percentage of Shares Held After the Transaction

      Chong Sze San

Direct Interest
26/08/2013
20,065,200

4,243,700

0.49
0.135
15,821,500
1.84
Indirect Interest
-
5,198,580
-
-
-
5,198,580
-



* Price Per Share

 

This announcement is dated 27 August 2013.

Remarks: The amendment is made to the date of transaction.


PA - Changes in Director's Interest (S135) - Chong Sze San

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced28 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130828-3F3D8

Information Compiled By KLSE

Particulars of Director

NameChong Sze San
AddressNo. 8 Jalan LE 1-1
Off Persiaran Lake Edge
47100 Bandar Metro Puchong
Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
27/08/2013
4,591,900
0.130 

Circumstances by reason of which change has occurredDisposal of shares in the open market
Nature of interestDirect interest
Consideration (if any)RM596,947.00 

Total no of securities after change

Direct (units)11,229,600 
Direct (%)1.3 
Indirect/deemed interest (units)5,198,580 
Indirect/deemed interest (%)0.61 
Date of notice28/08/2013

Remarks :
Deemed interest by virtue of shareholdings of his son, Chong Chern Shean (5,198,580).

The above disposal of 4,591,900 represents 0.53% of the issued and paid up capital of the Company.

This announcement also serves as a notification pursuant to Paragraph 14.08(d) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad.


PA - Changes in Director's Interest (S135) - Len Yoong Chan (Amended Announcement)

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced28 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130828-4F724

Information Compiled By KLSE

Particulars of Director

NameLen Yoong Chan
AddressNo. 8 Jalan LE 1-1
Off Persiaran Lake Edge
47100 Bandar Metro Puchong
Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
26/08/2013
4,243,700
0.135 

Circumstances by reason of which change has occurredDisposal of shares by her husband, Chong Sze San
Nature of interestDeemed interest
Consideration (if any)RM572,899.50 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)21,020,080 
Indirect/deemed interest (%)2.44 
Date of notice27/08/2013

Remarks :
The amendment is made to the date of change.


PA - Changes in Director's Interest (S135) - Len Yoong Chan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced28 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130828-3F3CA

Information Compiled By KLSE

Particulars of Director

NameLen Yoong Chan
AddressNo. 8 Jalan LE 1-1
Off Persiaran Lake Edge
47100 Bandar Metro Puchong
Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
27/08/2013
4,591,900
0.130 

Circumstances by reason of which change has occurredDisposal of shares by her husband, Chong Sze San
Nature of interestDeemed interest
Consideration (if any)RM596,947.00 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)16,428,180 
Indirect/deemed interest (%)1.91 
Date of notice28/08/2013

Remarks :
Deemed interest by virtue of shareholdings of her husband, Chong Sze San (11,229,600) and her son, Chong Chern Shean (5,198,580).

The above disposal of 4,591,900 represents 0.53% of the issued and paid up capital of the Company.

This announcement also serves as a notification pursuant to Parapraph 14.08(d) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad.


PA - Changes in Director's Interest (S135) - Chong Sze San (Amended Announcement)

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced28 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130828-4F726

Information Compiled By KLSE

Particulars of Director

NameChong Sze San
AddressNo. 8 Jalan LE 1-1
Off Persiaran Lake Edge
47100 Bandar Metro Puchong
Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
26/08/2013
4,243,700
0.135 

Circumstances by reason of which change has occurredDisposal of shares in the open market
Nature of interestDirect interest
Consideration (if any)RM572,899.50 

Total no of securities after change

Direct (units)15,821,500 
Direct (%)1.84 
Indirect/deemed interest (units)5,198,580 
Indirect/deemed interest (%)0.61 
Date of notice27/08/2013

Remarks :
The amendment is made to the date of change.


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

Announcement Type: Financial Results
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced28 Aug 2013  
CategoryFinancial Results
Reference NoCC-130828-6E34B

Financial Year End31/03/2014
Quarter1
Quarterly report for the financial period ended30/06/2013
The figureshave not been audited
  • 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
31/03/2014
31/03/2013
31/03/2014
31/03/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
28,019
28,602
28,019
28,602
2Profit/(loss) before tax
872
305
872
305
3Profit/(loss) for the period
872
305
872
305
4Profit/(loss) attributable to ordinary equity holders of the parent
613
328
613
328
5Basic earnings/(loss) per share (Subunit)
0.07
0.17
0.07
0.17
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 ($$)
0.1102
0.1095
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


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

Announcement Type: Financial Results
Company NameUMS-NEIKEN GROUP BERHAD  
Stock Name UMSNGB  
Date Announced28 Aug 2013  
CategoryFinancial Results
Reference NoCA-130828-57143

Financial Year End31/12/2013
Quarter2
Quarterly report for the financial period ended30/06/2013
The figureshave not been audited
  • 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
19,243
21,925
37,729
41,046
2Profit/(loss) before tax
2,836
2,860
5,084
4,640
3Profit/(loss) for the period
1,944
2,015
3,528
3,176
4Profit/(loss) attributable to ordinary equity holders of the parent
1,944
2,015
3,528
3,176
5Basic earnings/(loss) per share (Subunit)
2.47
2.53
4.49
3.98
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 ($$)
0.7800
0.7400
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


UMSNGB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameUMS-NEIKEN GROUP BERHAD  
Stock Name UMSNGB  
Date Announced28 Aug 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCA-130828-38DB7

Date of buy back28/08/2013
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)5,000
Minimum price paid for each share purchased ($$)0.395
Maximum price paid for each share purchased ($$)0.395
Total consideration paid ($$)2,005.60
Number of shares purchased retained in treasury (units)5,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)1,402,200
Adjusted issued capital after cancellation
(no. of shares) (units)
 
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)1.78


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