September 24, 2013

Company announcements: EASTLND, MEGB, DIALOG, SEG, YOKO, LSTEEL

EASTLND - Debt Restructuring Agreement

Announcement Type: General Announcement
Company NameEASTLAND EQUITY BHD  
Stock Name EASTLND  
Date Announced24 Sept 2013  
CategoryGeneral Announcement
Reference NoCC-130924-237DE

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNS-130923-38226
SubjectDebt Restructuring Agreement
DescriptionEastland Equity Bhd - Debt Restructuring Agreement
Query Letter Contents We refer to your announcement dated 20 September 2013 in respect of the above
captioned matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release :-

1. Particulars of the said Land and Condos as per Appendix 10A, Part C of the
Main Market Listing Requirements.
2. The consideration at which the said Land and Condos will be transferred to
Explicit Vantage, and how this was arried at, other than on a "willing buyer
willing seller" basis.
3. The basis of arriving at the value of the said Land and Condos of
RM18,120,000 and RM840,000 respectively. If relevant, the name of the
independent registered valuer, date and method of valuation and quantification
of the market value.
4. The expected gains or losses to the Eastland Equity Berhad ("Eastlnd") group
arising from the Transfer of Properties.
5. The substantial shareholders of Fazwin Construction Sdn Bhd ("Fazwin") and
Explicit Vantage Sdn Bhd ("Explicit Vantage") and their repective shareholdings
therein.
6. Net book value of the said Land and Condos based on FBO Land's latest
audited accounts.
7. The effects of the Debt Restructuring on the net assets epr shae and gearing
of the Eastlnd group, based on its latest audited accounts as at 31 December
2012.
8. The particulars of all liabilities to be assumed by Explicit Vantage arising
from the Transfer of Properties.
9. The original cost of investment in the said Land and Condos and the dates of
such investment.
10. How FBO's Land's Debt came about, and the utilisation by FBO Land.
11. The estimated time frame to complete the Debt Restructuring.




....2/-











12. A statement by the board of directors, excluding interested directors
stating whether the Debt Resturcturing is in the best interests of Eastlnd, and
where a director disagrees with such statement, a statement by the director
setting out the reasons and the factors taken into consideration in forming
that opinion.
13. The highest percentage ratio applicable to the Transfer of Properties
pursuant to paragraph 10.02(g) of Main Market Listing Requirements.




Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully




TAN YEW ENG
Head, Issuers
Listing Division
Regulation

TYE/NZ

c.c:- General Manager & Head, Market Surveillance Department, Market Oversight
Division, Securities Commission (via fax)
Please refer to the attached file for the details of the announcement.
This announcement is dated 24 September 2013.

Attachments

Announcement-debt restructuring agreement (query)(Client's comment) (2) (BR)(clean)..pdf
21 KB


MEGB - OTHERS MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”) - NOTICE PURSUANT TO SECTION 218 (1)(e) OF THE COMPANIES ACT, 1965 SERVED ON MASTERSKILL (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF MEGB

Announcement Type: General Announcement
Company NameMASTERSKILL EDUCATION GROUP BERHAD  
Stock Name MEGB  
Date Announced24 Sept 2013  
CategoryGeneral Announcement
Reference NoCM-130924-44154

TypeAnnouncement
SubjectOTHERS
DescriptionMASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”)
- NOTICE PURSUANT TO SECTION 218 (1)(e) OF THE COMPANIES ACT, 1965 SERVED ON MASTERSKILL (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF MEGB

The Company refers to the Notice pursuant to Section 218 (1)(e) of the Companies Act, 1965 dated 23 September 2013 (“the Notice”) served on Masterskill (M) Sdn. Bhd. (“MMSB”), a wholly-owned subsidiary of the Company, by Messrs Sandosh Anandan, the solicitors for Ratatek (M) Sdn. Bhd. (“RMSB”) [Shah Alam High Court, Civil Suite No. 22-783-2010] and wishes to announce that the details of the Notice as follows:-

 

1.  Date the Notice was served

 

The Notice was served at the registered office of MMSB on 24 September 2013.

 

2.  Basis of the Notice

 

The Notice was served on MMSB to demand and require MMSB to pay a sum of RM364,545.91 (“Sum”) as Judgement Sum, Interest (as of 23 September 2013) and Costs based upon the sealed Judgement dated 16 July 2013 (Shah Alam High Court, Civil Suite No. 22-783-2010), Order dated 11 January 2012 and Order dated 23 September 2013. 

 

The interest rate is 4% per annum calculated from 2 June 2010 till 16 July 2013 and 5% per annum calculated from 17 July 2013 until full settlement, based on the Judgement Sum of RM306,000.00.

 

3.  Circumstances leading to serving of the Notice

 

The Sum arose based on the claim made by RMSB of about RM540,000.00 and after full trial in Shah Alam High Court, the trial judge on 16 July 2013 allowed part of RMSB’s claim for approximately RM306,000.00.

 

The Notice served on MMSB is to demand payment of the Sum within twenty one (21) days of receipt of the Notice, failing which MMSB shall be deemed unable to pay the said Sum and winding-up proceedings shall thereafter be instituted against MMSB.

 

4.  Whether MMSB is a major subsidiary of MEGB and the total cost of investment in MMSB

 

MMSB is a major subsidiary of MEGB and the total cost of investment by the Company in MMSB is RM25,000,000.00.

 

5. The financial and operation impact arising from the Notice

 

The Notice is not envisaged to have any material financial or operational impact on MEGB group.

 

6. The expected losses arising from the Notice

 

The losses, if any, is not expected to be material. MMSB will incur payment of the Sum arising from the Notice, should the said Sum be payable.

 

7. Steps taken and proposed to be taken in respect of the Notice

 

The Company has appointed solicitors to resolve and/or defend against this matter. The Company is taking steps to deposit the disputed sum into its solicitors stakeholders account pending the outcome of the appeal.


This announcement is dated 24 September 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 Announced24 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-130924-3DE29

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)
Disposed19/09/2013
2,000,000
 
Acquired19/09/2013
2,816,700
 

Circumstances by reason of which change has occurredPurchase and Disposal of shares
Nature of interestDirect
Direct (units)390,027,835 
Direct (%)16.19 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change390,027,835
Date of notice24/09/2013

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 2,000,000 shares) - 325,178,794 shares
Employees Provident Fund Board - 1,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 785,054 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 5,559,300 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 23,265,167 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 13,485,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) (Acquired 2,816,700 shares) - 16,854,520 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - 850,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - 2,550,000 shares

Total No. of shares - 390,027,835 shares

SEG - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameSEG INTERNATIONAL BHD  
Stock Name SEG  
Date Announced24 Sept 2013  
CategoryAdditional Listing Announcement (ALA)
Reference NoSI-130923-43449

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?		No
Types of corporate proposalOthers
Details of corporate proposalExercise of Warrants
No. of shares issued under this corporate proposal25,000
Issue price per share ($$)MYR 0.500
Par Value ($$)MYR 0.250
Latest issued and paid up share capital after the above corporate proposal in the following
Units667,556,088
CurrencyMYR 166,889,022.000
Listing Date25/09/2013

YOKO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameYOKOHAMA INDUSTRIES BERHAD  
Stock Name YOKO  
Date Announced24 Sept 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-130924-582F0

Date of buy back24/09/2013
Description of shares purchasedOrdinary shares of RM0-50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)30,000
Minimum price paid for each share purchased ($$)1.210
Maximum price paid for each share purchased ($$)1.220
Total consideration paid ($$)36,668.34
Number of shares purchased retained in treasury (units)30,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)980,500
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 (%)1.13

LSTEEL - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameLEADER STEEL HOLDINGS BERHAD  
Stock Name LSTEEL  
Date Announced24 Sept 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-130924-46253

Date of buy back from11/09/2013
Date of buy back to11/09/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)100,000
Minimum price paid for each share purchased ($$)0.290
Maximum price paid for each share purchased ($$)0.300
Total amount paid for shares purchased ($$)29,485.00
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)100,000
Total number of shares retained in treasury (units)134,200
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies24/09/2013
Lodged by Boardroom Corporate Services (Penang) Sdn Bhd

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