Company announcements: SKPRES, SAMUDRA, DESTINI, TIMWELL, SPSETIA, GADANG, BRAHIMS, WCT

SKPRES - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement

Company Name	SKP RESOURCES BHD
Stock Name	SKPRES
Date Announced	7 Aug 2013
Category	General Announcement
Reference No	CS-130807-0C4C2

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS
Description	SKP RESOURCES BHD ("SKP" OR "THE COMPANY") - PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE")
The Board of Directors of SKP wishes to announce that the Company intends to seek the approval of its shareholders for the Proposed Renewal of Shareholders' Mandate at the forthcoming Annual General Meeting of the Company. A circular to shareholders containing information on the Proposed Renewal of Shareholders' Mandate will be issued to the shareholders of SKP in due course. This announcement is dated 7 August 2013.

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

Announcement Type: General Announcement

Company Name	KEJURUTERAAN SAMUDRA TIMUR BERHAD
Stock Name	SAMUDRA
Date Announced	7 Aug 2013
Category	General Announcement
Reference No	CS-130807-2981F

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD (“KSTB” OR THE “COMPANY”) - PROPOSED DISPOSAL BY KSTB OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF SAMUDRA OIL SERVICES SDN BHD (“SAMUDRA OIL”) TO DESTINI BERHAD ("DESTINI") FOR AN INDICATIVE DISPOSAL CONSIDERATION OF RM80.00 MILLION TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN DESTINI
1. INTRODUCTION The Board of Directors of KSTB (“Board”) wishes to announce that KSTB had, on 7 August 2013, entered into a Heads of Agreement (“HOA”) in relation to the proposed disposal of the entire issued and paid-up share capital of Samudra Oil (“Sale Shares”) to Destini at an indicative disposal consideration of RM80.00 million (“Indicative Disposal Consideration”) (“Proposed Disposal”) to be satisfied entirely via the issuance of 228,571,428 new ordinary shares of RM0.10 each in Destini ("Destini Share(s)" or "Share(s)") at an issue price of RM0.35 each ("Consideration Shares") ("Proposed Disposal"). For information purposes, the issue price of RM0.35 per Consideration Share represents the five (5)-day weighted average market price of Destini Shares up to and including 6 August 2013, being the last market day prior to the execution of HOA. We wish to highlight that the Indicative Disposal Consideration may be subject to adjustments depending on any further negotiations, the outcome of the due diligence to be conducted on Samudra Oil and the execution of the Share Sale Agreement in relation to the Proposed Disposal (“SSA”). Further details of the Proposed Disposal will be announced upon the execution of a definitive SSA on terms acceptable to KSTB and Destini. 2. SALIENT TERMS OF THE HOA The salient terms of the HOA are, inter alia, as follows: (a) KSTB and Destini (collectively, the “Parties”) agree that the obligations of the Parties to complete the Proposed Disposal shall be conditional upon the following pertinent conditions precedent: (i) the execution of a detailed SSA in respect of the Proposed Disposal upon terms and conditions acceptable to the Parties and the SSA becoming unconditional; (ii) completion to the satisfaction of Destini, the due diligence on Samudra Oil; and (iii) completion of the due diligence on Destini to the satisfaction of KSTB. (b) Subject to the fulfilment of the Conditions Precedent as set out in item 2(a) above, completion of the Proposed Disposal (“Completion”) shall occur within three (3) months from the date of the HOA or such other extended period as agreed between the parties (“Completion Date”); (c) KSTB shall grant Destini a period of forty five (45) days commencing from the date of the HOA (or such later period as may be agreed between the Parties) for Destini to conduct due diligence on Samudra Oil on an exclusive basis. Similarly, Destini shall grant KSTB a period of forty five (45) days commencing from the date of the HOA (or such later period as may be agreed between the Parties) for KSTB to conduct due diligence on Destini on an exclusive basis; (d) The Parties will in good faith proceed expeditiously to do all acts and things necessary or desirable to negotiate and agree on the terms of the SSA, such ancillary documents necessary or desirable for the SSA and the Proposed Disposal (“Definitive Documents”) before the expiration of the HOA Period (as defined below). Upon the expiry of the HOA Period, all Parties may mutually agree to extend the HOA Period for a practicable period for finalising of the Definitive Documents; (e) In each case, the HOA shall terminate upon the earlier to occur of the following: (i) the parties entering into the SSA; or (ii) the parties jointly agreeing to terminate the HOA; or (iii) the conditions precedent set out in Clause 3.1 of the HOA not being fulfilled within the three (3) months from the date of HOA or such other extended period to be agreed between the Parties ("HOA Period"). (f) KSTB and Destini agree and undertake that, during the HOA Period, they shall not enter into any negotiation, understanding, contracts or agreements with any third party with the intention of entering into any transaction similar to the Proposed Disposal. 3. RATIONALE FOR THE PROPOSED DISPOSAL Samudra Oil is a wholly-owned subsidiary of KSTB which is principally involved in the tubular handling and running services to the oil and gas industry. The Proposed Disposal provides an opportunity for KSTB to realise and unlock the value of its investment in Samudra Oil whilst enabling KSTB to participate in the future prospects and financial performance of Destini and its subsidiaries (“Destini Group”). The Proposed Disposal is expected to enable KSTB to recognise a one-off net gain, the quantum of which will be determined after the disposal consideration is finalised between the Parties. The Destini Group is involved in the following business activities: (a) Maintainence Repair and Overhaul (“MRO”), including trading in safety and survival products and spares for the aviation industry; (b) MRO, including trading in safety and survival products, ship spares, armaments and manufacturing of life boats for the maritime and oil and gas industries; (c) Assembly and fabrication of defence and commercial vehicles, supply of spares, electronic equipment, radar and surveillance and tracking system for the automotive industry; (d) Information technology; and (e) Training and education consultancy. Based on its audited consolidated financial statements for the financial year ended (“FYE”) 31 December 2012, the Destini Group recorded a profit after tax of approximately RM7.05 million whereas its net assets were approximately RM50.96 million. 4. APPROVALS REQUIRED The Proposed Disposal is subject to the following approvals: (i) Bursa Securities for the listing of and quotation for the Consideration Shares; (ii) Shareholders of KSTB and Destini at the respective Extraordinary General Meetings to be convened; and (iii) Any other relevant authorities and/ or third parties, if required. 5. INTER-CONDITIONALITY The Proposed Disposal is not conditional upon any other proposals undertaken or to be undertaken by the Company. 6. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/ OR PERSONS CONNECTED None of the directors, major shareholders of KSTB and/or persons connected with them have any interest, direct or indirect, in the Proposed Disposal. 7. DOCUMENTS AVAILABLE FOR INSPECTION A copy of the HOA is available for inspection during office hours by the shareholders of the Company at the Company’s registered office at Suite A-21-13A, Level 21, Menara UOA Bangsar, No. 5, Jalan Bangsar Utama 1, 59000 Kuala Lumpur for a period of three (3) months from the date of this announcement. As set out in Section 1 of this announcement, further details of the Proposed Disposal will be announced upon finalisation of the terms and conditions of the Proposed Disposal and the execution of the SSA. This announcement is dated 7 August 2013.

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

Announcement Type: General Announcement

Company Name	DESTINI BERHAD
Stock Name	DESTINI
Date Announced	7 Aug 2013
Category	General Announcement
Reference No	CC-130807-09FE2

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	DESTINI BERHAD ("DESTINI" OR THE "COMPANY") - PROPOSED ACQUISITION BY DESTINI OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF SAMUDRA OIL SERVICES SDN BHD FROM KEJURUTERAAN SAMUDRA TIMUR BERHAD FOR AN INDICATIVE PURCHASE CONSIDERATION OF RM80.00 MILLION TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN DESTINI
The Board of Directors of Destini Berhad ("Board") wishes to announce that Destini had, on 7 August 2013, entered into a Heads of Agreement ("HOA") in relation to the proposed acquisition of the entire issued and paid-up share capital of Samudra Oil Services Sdn Bhd ("Samudra Oil") ("Sale Share") with Kejuruteraan Samudra Timur Berhad ("KTSB") ("Vendor") at the indicative purchase consideration of RM80.00 million ("Purchase Consideration") to be satisfied entirely via the issuance of 228,571,428 new ordinary shares of RM0.10 each in Destini ("Destini Share(s)" or "Share(s)") at an issue price of RM0.35 each ("Consideration Shares") ("Proposed Acquisition"). Further details of the Proposed Acquisition are set out in the attachment herein. This announcement is dated 7 August 2013.

Attachments Destini - Announcement on HOA .pdf 30 KB

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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 Name	TIMBERWELL BERHAD
Stock Name	TIMWELL
Date Announced	7 Aug 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	TT-130806-38B48

Particulars of substantial Securities Holder

Name	Tan Tjeng Hok @ Lam Hak Ming
Address	P.O.Box 10827 88809 Kota Kinabalu Sabah
NRIC/Passport No/Company No.	240730-71-5247
Nationality/Country of incorporation	Permanent Resident of Malaysia
Descriptions (Class & nominal value)	Ordinary Shares of RM1.00 each
Name & address of registered holder	1) 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 transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	05/08/2013	5,000	0.500

Circumstances by reason of which change has occurred	Acquisition of shares in open market
Nature of interest	Direct Interest
Direct (units)	19,092,200
Direct (%)	21.44
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	19,092,200
Date of notice	05/08/2013

Remarks :

The Forms 29B were received by the Company on 5 August 2013.

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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 Name	TIMBERWELL BERHAD
Stock Name	TIMWELL
Date Announced	7 Aug 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	TT-130806-38B52

Particulars of substantial Securities Holder

Name	Lam Soei Tin @ Agnes Lam
Address	C2-02 Marina Court 88000 Kota Kinabalu Sabah
NRIC/Passport No/Company No.	500320665
Nationality/Country of incorporation	British
Descriptions (Class & nominal value)	Ordinary Shares of RM1.00 each
Name & address of registered holder	Tan Tjeng Hok @ Lam Hak Ming P.O.Box 10827 88809 Kota Kinabalu Sabah

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	05/08/2013	5,000	0.500

Circumstances by reason of which change has occurred	Acquisition of Shares in open market by her father, Tan Tjeng Hok @ Lam Hak Ming
Nature of interest	Indirect interest via shares held by connected person
Direct (units)	210,000
Direct (%)	0.24
Indirect/deemed interest (units)	28,247,998
Indirect/deemed interest (%)	31.72
Total no of securities after change	28,457,998
Date of notice	05/08/2013

Remarks :

The Forms 29B were received by the Company on 5 August 2013.

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SPSETIA - Notice of Person Ceasing (29C) - Mitsubishi UFJ Financial Group, Inc ("MUFG")

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965

Company Name	S P SETIA BERHAD
Stock Name	SPSETIA
Date Announced	7 Aug 2013
Category	Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference No	C&-130807-43904

Particulars of substantial Securities Holder

Name	Mitsubishi UFJ Financial Group, Inc ("MUFG")
Address	7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8330, Japan
NRIC/Passport No/Company No.	NIL
Nationality/Country of incorporation	Japan
Descriptions (Class & nominal value)	Ordinary Shares - RM0.75
Date of cessation	01/08/2013
Name & address of registered holder	1) Aberdeen Asset Management PLC ("Aberdeen") and its subsidiaries. 10 Queen's Terrace Aberdeen, AB10 1YG, Scotland. 2) Mitsubishi UFJ Trust and Banking Corporation ("MUTB") 4-5, Marunouchi 1-Chome, Chiyoda-ku, Tokyo, 100-8212, Japan 3) Morgan Stanley & Co. International plc 25 Cabot Square, Canary Wharf, London E14 4QA, United Kingdom 4) Fundlogic SAS 61 rue de Monceau, Paris 75008, France
Currency	Malaysian Ringgit (MYR)
Number of securities disposed	350,000
Price Transacted ($$)
Circumstances by reason of which a person ceases to be a substantial securities Holder	Disposal of Shares
Nature of interest	Indirect/Deemed interest
Date of notice	06/08/2013

Remarks :

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GADANG - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement

Company Name	GADANG HOLDINGS BHD
Stock Name	GADANG
Date Announced	7 Aug 2013
Category	General Announcement
Reference No	GH-130807-34124

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	STATUS UPDATE ON THE MEMORANDUM OF UNDERSTANDING ("MOU") DATED 5 APRIL 2013 BETWEEN GADANG HOLDINGS BERHAD ("GADANG" OR "THE COMPANY") AND CYBERVIEW SDN BHD ("CYBERVIEW")
Further to our announcements made on 5 April 2013 and 4 July 2013 in relation to the MOU entered into between Gadang and Cyberview (collectively referred to as "the Parties"), the Company wishes to announce that it has today accepted the letter of acceptance from Cyberview dated 5 August 2013 (which was received on 6 August 2013) as the Developer Partner to develop 2,500 housing units on 109.31 acres of land in Cyberjaya, Selangor Darul Ehsan ("Housing Development for K-Workers in Cyberjaya") based on the terms and conditions therein and other terms and conditions to be mutually agreed by the Parties to be set out in the Definitive Agreement ("Agreement") between the Parties. A further announcement on the salient terms and conditions of the Agreement shall be released by the Company upon signing of the Agreement. This announcement is dated 7 August 2013.

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BRAHIMS - Changes in Sub. S-hldr's Int. (29B) - Cheam Heng Cheang

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	BRAHIM'S HOLDINGS BERHAD
Stock Name	BRAHIMS
Date Announced	7 Aug 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CA-130807-35606

Particulars of substantial Securities Holder

Name	Cheam Heng Cheang
Address	No.10 Jalan 8/3H 46050 Petaling Jaya Selangor Darul Ehsan
NRIC/Passport No/Company No.	660911-10-6097
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary Shares of RM1.00 each
Name & address of registered holder	Cheam Heng Cheang No.10 Jalan 8/3H 46050 Petaling Jaya Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	30/07/2013	200,000
Disposed	31/07/2013	250,000

Circumstances by reason of which change has occurred	Disposal of shares
Nature of interest	Direct
Direct (units)	10,882,000
Direct (%)	5.07
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	10,882,000
Date of notice	06/08/2013

Remarks :

Form 29B was received by the Company on 6 August 2013

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WCT - 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 Name	WCT HOLDINGS BERHAD
Stock Name	WCT
Date Announced	7 Aug 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	WW-130807-9E7FF

Particulars of substantial Securities Holder

Name	Employees Provident Fund Board
Address	Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.	EPFACT1991
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary Shares of RM0.50 each
Name & address of registered holder	Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (89,412,910 Shares) Employees Provident Fund Board (1,722,125 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board(Amundi)(4,200,000 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board(HDBS)(5,018,895 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Mayban) (3,000,000 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ALLIANCE) (2,999,500 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) (6,657,000 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (PHEIM) (760,000 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) (14,742,750 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ARIM) (2,200,000 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	02/08/2013	995,700

Circumstances by reason of which change has occurred	Disposal of shares
Nature of interest	Direct
Direct (units)	130,713,180
Direct (%)	11.97
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	130,713,180
Date of notice	07/08/2013

Remarks :

Form 29B dated 5 August 2013 was received on 7 August 2013.

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WCT - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (DiPerbadankan)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	WCT HOLDINGS BERHAD
Stock Name	WCT
Date Announced	7 Aug 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	WW-130807-7EE6F

Particulars of substantial Securities Holder

Name	Kumpulan Wang Persaraan (DiPerbadankan)
Address	Aras 4,5&6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang, 55100 Kuala Lumpur
NRIC/Passport No/Company No.	KWAPACT6622007
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary Shares of RM0.50 each
Name & address of registered holder	Kumpulan Wang Persaraan DiPerbadankan)("KWAP")- 44,021,890 Shares KWAP's Fund Managers - 13,773,555 Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	31/07/2013	198,100
Disposed	01/08/2013	105,400

Circumstances by reason of which change has occurred	Disposal of Shares
Nature of interest	Direct
Direct (units)	57,795,445
Direct (%)	5.29
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	57,795,445
Date of notice	07/08/2013

Remarks :

Form 29B dated 6 August 2013 was received on 7 August 2013.

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