August 6, 2013

Company announcements: MICROLN, DUTALND, KINSTEL, SONA, LBS, MAEMODE, ACOSTEC, PJI, PWROOT

MICROLN - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced6 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130806-4B42D

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionMICROLINK SOLUTIONS BERHAD ("MSB" OR "THE COMPANY") - NOTICE TO SHAREHOLDERS OF MSB IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY FORMIS HOLDINGS BERHAD ("FHB" OR "THE OFFEROR") THROUGH RHB INVESTMENT BANK BERHAD TO ACQUIRE THE FOLLOWING:-

I. ALL THE REMAINING ORDINARY SHARES OF RM0.10 EACH IN MSB ("MSB SHARE") WHICH ARE NOT ALREADY OWNED BY THE OFFEROR; AND

II. ALL THE NEW MSB SHARES THAT MAY BE ALLOTTED AND ISSUED UP TO THE CLOSE OF THE OFFER PURSUANT TO THE EXERCISE OF ANY OUTSTANDING OPTIONS GRANTED UNDER MSB’S EXISTING EMPLOYEE SHARE OPTION SCHEME (“ESOS”);

FOR A CASH CONSIDERATION OF RM0.60 FOR EVERY ONE (1) MSB SHARE.


(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as defined in the offer document dated 28 May 2013 (“Offer Document”) and the notices to shareholders of Microlink dated 17 June 2013, 5 July 2013 and 23 July 2013 in relation to the Offer). 

We wish to announce that MSB has today received the attached press notice from RHB Investment Bank Berhad, on behalf of the Offeror.

The Offeror has received valid acceptances from holders of the Offer Shares as at 5.00 p.m. (Malaysian time) on Tuesday, 6 August 2013, resulting in the Offeror holding in aggregate, together with such Microlink Shares that are already acquired, held or entitled to be acquired or held, more than nine-tenths (i.e. more than 92.83%) in the nominal value of the voting shares of Microlink (excluding the Microlink Shares already held at the date of the Offer by FHB and its PAC). 

Notwithstanding the above, the Offeror does not intend to invoke Section 222(1) of the CMSA to compulsorily acquire any outstanding Offer Shares for which valid acceptances have not been received prior to the Closing Date.

As announced on 6 August 2013, Bursa Malaysia Securities Berhad (“Bursa Securities”) will suspend the trading of Microlink Shares with effect from 9.00 a.m. (Malaysian time) on Friday, 6 September 2013. The suspension will result in Microlink Shares no longer being traded on Bursa Securities and there will no longer be an active market for trading of Microlink Shares. 

Acceptances under the Offer will close at 5.00 p.m. (Malaysian time) on Monday, 12 August 2013 as stated in the notice to shareholders of Microlink dated 23 July 2013. All other details, terms and conditions as set out in the Offer Document remain unchanged.

This announcement is dated 6 August 2013.

 

 

 

 


 



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

Announcement Type: General Announcement
Company NameDUTALAND BERHAD  
Stock Name DUTALND  
Date Announced6 Aug 2013  
CategoryGeneral Announcement
Reference NoD--130806-60464

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionDUTALAND BERHAD (7296-V) (“DUTALAND” OR THE “COMPANY”)

PROPOSED DIVESTMENT OF 70% EFFECTIVE INTEREST IN OLYMPIA PLAZA SDN BHD (“OPSB”), A WHOLLY-OWNED SUBSIDIARY OF DUTALAND FOR A NET CASH CONSIDERATION OF RM35.0 MILLION

The Board of Directors of DutaLand wishes to announce that DutaLand has on 6 August 2013 entered into an agreement to dispose its 100% equity  interest in OPSB to Melody Hallmark Sdn Bhd (Company No. 1053690-v) (“MHSB”) for a sale consideration of RM50.0 million (“Sale Consideration”).  As DutaLand currently owns 30% of the equity interest in MHSB, hence, the net equity in OPSB to be divested is 70% (“Proposed Divestment’).

For details of the announcement, please refer to the attachment enclosed.

This announcement is dated 6 August 2013.


 

Attachments

OPSB-70% sale _Final_.pdf
86 KB



KINSTEL - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced6 Aug 2013  
CategoryGeneral Announcement
Reference NoMI-130806-CA951

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionKINSTEEL BHD (“KINSTEEL” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF KINSTEEL (“PROPOSED PRIVATE PLACEMENT”)

On behalf of the Board of Directors of Kinsteel, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake a private placement of up to 10% of the issued and paid-up share capital of Kinsteel to third party investors to be identified later.

Further details of the Proposed Private Placement are set out in the attachment enclosed.

This announcement is dated 6 August 2013.



SONA - Changes in Director's Interest (S135) - DATUK SERI PANGLIMA SULONG BIN MATJERAIE

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSONA PETROLEUM BERHAD  
Stock Name SONA  
Date Announced6 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-130806-64682

Information Compiled By KLSE

Particulars of Director

NameDATUK SERI PANGLIMA SULONG BIN MATJERAIE
Address“PADI”
575 JALAN WAN ALWI
TABUAN JAYA
93350 KUCHING
SARAWAK
Descriptions(Class & nominal value)ORDINARY SHARES OF RM0.01 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
26/07/2013
2,000
0.500 

Circumstances by reason of which change has occurredSubscription of Public Issue Shares by his child
Nature of interestIndirect
Consideration (if any)Subscription of Public Issue Shares by his child 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)2,000 
Indirect/deemed interest (%)0.0001 
Date of notice06/08/2013

Remarks :
Indirect:-
1) Rizal Lynam Matjeraie - 2,000

This announcement is made based on the information in the Notice of Disclosure pursuant to Section 135(1)(a) and (b) of the Companies Act, 1965 of Datuk Seri Panglima Sulong Bin Matjeraie received by the registered office of Sona Petroleum Berhad (Formerly known as Titanium Windfall Sdn. Bhd.) on 6 August 2013.

This announcement also serves as a notification pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The above 2,000 acquired shares represent 0.0001% of the issued securities of Sona Petroleum Berhad (Formerly known as Titanium Windfall Sdn. Bhd.).


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

Announcement Type: General Announcement
Company NameLBS BINA GROUP BERHAD  
Stock Name LBS  
Date Announced6 Aug 2013  
CategoryGeneral Announcement
Reference NoLB-130806-98887

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionLBS Bina Group Berhad ("LBS")
Dealings by Director of LBS During Closed Period


Pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Directors of LBS had transacted in the securities of LBS as set out in the Table below:

 

Name

Date of Transaction

No. of shares Acquired

% of shares Acquired

Price
(RM per share)

Total no. of shares held after change

% of shares held after change

Circumstances by reason of which the change occurred

Chia Lok Yuen

06.08.13

20,000

0.01

1.54

220,000

0.06

Open Market purchase

Dato’ Lim Hock San

06.08.13

100,000

0.03

1.55

7,075,400

1.82

Open Market purchase

 

This announcement is dated 6 August 2013.

 

 

 

 



MAEMODE - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameMALAYSIAN AE MODELS HOLDINGS BERHAD  
Stock Name MAEMODE  
Date Announced6 Aug 2013  
CategoryChange in Audit Committee
Reference NoCC-130806-51550

Date of change06/08/2013
NameLOW PENG LUM
Age72
NationalityMALAYSIAN
Type of changeResignation
DesignationMember of Audit Committee
DirectorateNon Independent & Non Executive
QualificationsBachelor of Arts (Hons) Degree in Economics (With Business Administration) from University of Malaya 
Working experience and occupation He started his career with Mobil Oil Malaya Ltd. Singapore as a Marketing Executive and subsequently was a Sales Assistant until 1967. From then on, he worked with the Malaysian Industrial Development Authority ("MIDA") for a period of 29 years until his retirement in November 1996 from the position of Deputy Director-General. While in MIDA, he held various positions including that of Director of Malaysia Investment Centre in Dusseldorf (Germany), Director of Investment Promotions Division, Director of Planning, Researh and International Cooperation Division and Director of the Tariff Division. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest of 426,000 Ordinary Shares of RM1.00 each 
Composition of Audit Committee (Name and Directorate of members after change)1) Encik Taza bin Razali Ismail (Independent Non-Executive Director)- Chairman
2) Mr Ting Siew Haw (Independent Non-Executive Director)- Member


MAEMODE - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMALAYSIAN AE MODELS HOLDINGS BERHAD  
Stock Name MAEMODE  
Date Announced6 Aug 2013  
CategoryChange in Boardroom
Reference NoCC-130806-50791

Date of change06/08/2013
NameLOW PENG LUM
Age72
NationalityMALAYSIAN
DesignationDirector
DirectorateNon Independent & Non Executive
Type of changeResignation
ReasonDue to other work and personal commitment which require his full attention.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsBachelor of Arts (Hons) Degree in Economics (With Business Administration) from University of Malaya  
Working experience and occupation He started his career with Mobil Oil Malaya Ltd. Singapore as a Marketing Executive and subsequently was a Sales Assistant until 1967. From then on, he worked with the Malaysian Industrial Development Authority ("MIDA") for a period of 29 years until his retirement in November 1996 from the position of Deputy Director-General. While in MIDA, he held various positions including that of Director of Malaysia Investment Centre in Dusseldorf (Germany), Director of Investment Promotions Division, Director of Planning, Researh and International Cooperation Division and Director of the Tariff Division. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest of 426,000 ordinary shares of RM1.00 each  


ACOSTEC - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameACOUSTECH BERHAD  
Stock Name ACOSTEC  
Date Announced6 Aug 2013  
CategoryGeneral Announcement
Reference NoCK-130806-69168

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionNotice Pursuant to Section 218 of the Companies Act 1965 served on Formosa Prosonic Equipment Sdn Bhd

The Board of Directors of Acoustech wishes to announce that Formosa Prosonic Equipment Sdn. Bhd. (FPEQ), a 75% subsidiary of the Company was on 5 August 2013 served with a Notice pursuant to Section 218 of the Companies Act, 1965 at the registered office of the Company by the solicitors acting for Product Solutions International, Inc. and MTN Product Inc.

Full details of the announcement is as attached.

This announcement is dated 6 August 2013.



PJI - OTHERS CHANGE OF NAME OF SUBSIDIARY

Announcement Type: General Announcement
Company NamePJI HOLDINGS BERHAD  
Stock Name PJI  
Date Announced6 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130806-A8408

TypeAnnouncement
SubjectOTHERS
DescriptionCHANGE OF NAME OF SUBSIDIARY

The Company wishes to announce that the name of the subsidiary, PJI Overseas Ltd (BVI Company No. 376718), has been changed to YFG Investment Ltd with effect from 1 August 2013 with the issuance of the Certificate of Change of Name by The Registrar of Corporate Affairs of the British Virgin Islands. The said Certificate was received by the Company on 5 August 2013.

This announcement is dated 6 August 2013.



PWROOT - Final Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NamePOWER ROOT BERHAD  
Stock Name PWROOT  
Date Announced6 Aug 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoC&-130806-66026

EX-date26/08/2013
Entitlement date28/08/2013
Entitlement time05:00:00 PM
Entitlement subjectFinal Dividend
Entitlement descriptionSingle Tier Final Dividend of 4.0 sen per share in respect of financial year ended 28 February 2013
Period of interest payment to
Financial Year End28/02/2013
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noSymphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor
Tel : 03-78490777
Payment date 23/09/2013
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers28/08/2013 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.04

Remarks :
On 29 April 2013, the Board of Directors of Power Root Berhad ("Power Root")("Board") had proposed a single-tier final dividend of RM0.04 for the financial year ended 28 February 2013 ("Final Dividend").

On 29 July 2013, the shareholders of Power Root had at the Company's Seventh Annual General Meeting approved the Final Dividend and authorised the Board to allot and issue such number of new ordinary shares of RM0.20 each in Power Root ("Power Root Share(s)" or "Share(s)") from time to time as may be required to be allotted and issued pursuant to the dividend reinvestment plan ("DRP"). On even date, the Board determined that the DRP shall apply to the Final Dividend and that 20% of the Final Dividend can be elected to be reinvested in new Power Root Shares pursuant to the DRP.

On behalf of the Board, RHB Investment Bank Berhad had, on 6 August 2013, announced that the issue price of the new Shares to be issued pursuant to the first implementation of the DRP has been fixed today at RM1.82 per new Share.

This announcement is dated 6 August 2013.


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