September 27, 2013

Company announcements: KPSCB, RCECAP, LBALUM, BRAHIMS, UBB, YOKO, SUIWAH, PENSONI

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

Announcement Type: General Announcement
Company NameKPS CONSORTIUM BERHAD  
Stock Name KPSCB  
Date Announced27 Sept 2013  
CategoryGeneral Announcement
Reference NoKC-130902-5B7F1

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPlease refer to the Announcement Details.

Pursuant to the paragraph 14.09(a) of Chapter 14 of the Listing Requirements of Bursa Malaysia Securities Berhad for Main Market, this is to notify that the Company has received notification from the Group Managing Director of the Company, Mr Koh Poh Seng, in relation to his acquisition of the Company's shares outside the closed period as per table below:-

Date of Dealing

Consideration per share

(RM)

No. of Ordinary Shares @

RM1.00 each

% of Issued Share Capital

Transaction

25.9.2013

26.9.2013

0.475

0.498

15,000

14,000

0.01

0.01

Acquisition of shares via open market.

Acquisition of shares via open market.

This announcement is dated 27 Sept 2013.



KPSCB - Changes in Director's Interest (S135) - Koh Poh Seng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKPS CONSORTIUM BERHAD  
Stock Name KPSCB  
Date Announced27 Sept 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoKC-130902-5B7F9

Information Compiled By KLSE

Particulars of Director

NameKoh Poh Seng
AddressNo.34, Jalan Hujan Gerimis Dua, Taman Overseas Union,
58200 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary Shares of RM1.00 Each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
25/09/2013
15,000
0.475 
Acquired
26/09/2013
14,000
0.498 

Circumstances by reason of which change has occurredAcquired in open market.
Nature of interest
Consideration (if any) 

Total no of securities after change

Direct (units)59,473,225 
Direct (%)40.23 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice27/09/2013

Remarks :
This announcement is served pursuant to Paragraph 14.09 of Chapter 14 of the Main Market Listing Requirements.


KPSCB - Changes in Sub. S-hldr's Int. (29B) - Koh Poh Seng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKPS CONSORTIUM BERHAD  
Stock Name KPSCB  
Date Announced27 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKC-130902-5B802

Particulars of substantial Securities Holder

NameKoh Poh Seng
AddressNo.34, Jalan Hujan Gerimis Dua, Taman Overseas Union,
58200 Kuala Lumpur
NRIC/Passport No/Company No.561105-08-6569
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 Each
Name & address of registered holderKoh Poh Seng, No.34, Jalan Hujan Gerimis Dua, Taman Overseas Union, 58200 Kuala Lumpur;
Amsec Nominees (Tempatan) Sdn Bhd, 15th Floor, Bangunan Ambank Group, 55 Jalan Raja Chulan, 50200 Kuala Lumpur;
Alliance Group Nominees (Tempatan) Sdn Bhd, Menara Multi-Purpose Capital Square, 5 Jalan Munshi Abdullah, 50100 Kuala Lumpur;
Public Nominees (Tempatan) Sdn Bhd, Menara Public Bank, 148 Jalan Ampang, 50450 Kuala Lumpur;
Citicorp Nominees (Tempatan) Sdn Bhd, Level 16, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur;
OSK Nominees (Tempatan) Sdn Bhd, 10th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur;
AIBB Nominees (Tempatan) Sdn Bhd, Level 17, Menara Multi-Purpose Capital Square 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired25/09/2013
15,000
0.475 
Acquired26/09/2013
14,000
0.498 

Circumstances by reason of which change has occurredAcquired in open market.
Nature of interestDirect
Direct (units)59,473,225 
Direct (%)40.23 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change59,473,225
Date of notice27/09/2013


RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced27 Sept 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-130927-4439C

Date of buy back27/09/2013
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)50,000
Minimum price paid for each share purchased ($$)0.260
Maximum price paid for each share purchased ($$)0.260
Total consideration paid ($$)13,094.90
Number of shares purchased retained in treasury (units)50,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)3,942,900
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 (%)0.34


LBALUM - Quarterly rpt on consolidated results for the financial period ended 31/7/2013

Announcement Type: Financial Results
Company NameLB ALUMINIUM BERHAD  
Stock Name LBALUM  
Date Announced27 Sept 2013  
CategoryFinancial Results
Reference NoCK-130926-321DF

Financial Year End30/04/2014
Quarter1
Quarterly report for the financial period ended31/07/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/07/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/07/2013
31/07/2012
31/07/2013
31/07/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
107,110
98,682
107,110
98,682
2Profit/(loss) before tax
6,008
3,273
6,008
3,273
3Profit/(loss) for the period
5,322
2,891
5,322
2,891
4Profit/(loss) attributable to ordinary equity holders of the parent
5,322
2,891
5,322
2,891
5Basic earnings/(loss) per share (Subunit)
2.14
1.16
2.14
1.16
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 ($$)
0.9900
0.9700
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


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

Announcement Type: General Announcement
Company NameBRAHIM'S HOLDINGS BERHAD  
Stock Name BRAHIMS  
Date Announced27 Sept 2013  
CategoryGeneral Announcement
Reference NoMM-130927-36559

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionBRAHIM’S HOLDINGS BERHAD (“BHB” OR “COMPANY”)

PRIVATE PLACEMENT OF UP TO 21,480,500 NEW ORDINARY SHARES OF RM1.00 EACH IN BHB (“BHB SHARES” OR “SHARES”) (“PLACEMENT SHARES”), REPRESENTING UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BHB (“PRIVATE PLACEMENT”)

(All the abbreviations used in this announcement are as defined in our previous announcements

We refer to our announcements dated 9 September 2013, 10 September 2013, 11 September 2013, 13 September 2013, 23 September 2013 and 26 September 2013 in relation to the Private Placement.

On behalf of the Board of Directors of Brahim’s Holdings Berhad, Public Investment Bank Berhad wishes to announce that the first (1st) tranche of the Private Placement has been completed following the listing of and quotation for 10,740,250 Placement Shares on the Main Market of Bursa Malaysia Securities Berhad today.

This announcement is dated 27 September 2013.



UBB - Notice of Interest Sub. S-hldr (29A) - Lakaran Asia Sdn Bhd

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameUNITED BINTANG BERHAD  
Stock Name UBB  
Date Announced27 Sept 2013  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCQ-130925-36410

Particulars of Substantial Securities Holder

NameLakaran Asia Sdn Bhd
Address2991, (1st Floor), Jalan Maju, Taman Seri Maju, 14000 Bukit Mertajam, Penang
NRIC/Passport No/Company No.932396-W
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderLakaran Asia Sdn Bhd
2991, (1st Floor), Jalan Maju, Taman Seri Maju, 14000 Bukit Mertajam, Penang

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired20/09/2013
No of securities10,521,224
Circumstances by reason of which Securities Holder has interestMarried deal
Nature of interestDirect Interest
Price Transacted ($$)

Total no of securities after change

Direct (units)10,521,224 
Direct (%)19.48 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice27/09/2013

Remarks :
c.c. Securities Commission


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 Announced27 Sept 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-130927-3B5E7

Date of buy back27/09/2013
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 ($$)1.220
Maximum price paid for each share purchased ($$)1.220
Total consideration paid ($$)36,867.58
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)1,020,500
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 (%)1.17


SUIWAH - Annual Audited Accounts - 31 May 2013

Announcement Type: PDF Submission
Company NameSUIWAH CORPORATION BERHAD  
Stock Name SUIWAH  
Date Announced27 Sept 2013  
CategoryPDF Submission
Reference NoCS-130927-129D0

SubjectAnnual Audited Accounts - 31 May 2013


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

Announcement Type: General Announcement
Company NamePENSONIC HOLDINGS BERHAD  
Stock Name PENSONI  
Date Announced27 Sept 2013  
CategoryGeneral Announcement
Reference NoPH-130927-39481

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionPROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PENSIA PLASTIC INDUSTRIES SDN BHD (“PPI”) (COMPANY NO. 151380-K) COMPRISING 2,000,0000 ORDINARY SHARES OF RM1.00 EACH FOR A TOTAL CASH CONSIDERATION OF RM2,000,000 (“PROPOSED ACQUISITION”) BY KEAT RADIO SDN. BHD.(“KRC”), A WHOLLY-OWNED SUBSIDIARY OF PENSONIC HOLDINGS BERHAD (“PHB” OR “THE COMPANY”)

1. INTRODUCTION

The Board of Directors of PHB wishes to announce that KRC, a wholly-owned subsidiary of the Company, had on 27 September 2013 entered into a Share Sale Agreement (“SSA”) with Chew Weng Khak Realty Sdn. Bhd. (“CWKRSB”) and Chew Chuon Jin (“the Vendors”) for the acquisition of 100% of the entire issued share capital of PPI comprising 2,000,000 ordinary shares of RM1.00 each for a total cash consideration of RM2,000,000 (“Purchase Consideration”). Following the Acquisition, PPI became a wholly-owned subsidiary of KRC.

 

2. DETAILS OF THE PROPOSED ACQUISITION 

2.1 Information on PPI

PPI was incorporated in Malaysia under the Companies Act 1965 on 28 February 1986 as a private company limited by shares. As at the date of this announcement, PPI’s authorized and paid-up shared capital is RM2,000,000 divided into 2,000,000 ordinary shares of RM1.00 each.

The principal activity of the PPI is that of plastic injection and molding.

The shareholders of PPI and their respective shareholdings in PPI as at the date of this announcement are as follows:-

 

Shareholders

No. of Shares

%

CWKRSB

1,900,000

95

Chew Chuon Jin

100,000

5

 

2,000,000

100

 

 

 

The directors of PPI and their respective shareholdings in PPI as at the date of this announcement are as follows:-

 

Directors

No. of Shares

%

Chew Chuon Jin

100,000

5

Chew Chuon Ghee

Nil

Nil

 

2.2 Basis of arriving at the Purchase Consideration

The Purchase Consideration was arrived at on a “willing-buyer willing-seller” basis after taking into consideration, inter-alia, the following:-

(a) the unaudited net assets value of the PPI as at 31 August 2013 of approximately RM2.2 million (“Unaudited NA”); and

(b) the potential future earnings contribution from the PPI.

 

2.3 Source of funding

The Proposed Subscription is proposed to be funded from internally-generated funds.

 

3. RATIONALE FOR THE PROPOSED ACQUISITION

The Proposed Acquisition would provides an opportunity for the PHB Group to participate in the business of plastic injection moulding for electrical and electronic home appliances, which in turn, is expected to provide synergistic, value-added growth to the PHB Group’s existing business.

The Proposed Acquisition is also in line with the PHB group’s strategy of expanding its manufacturing-based activities and is expected to contribute positively to the group’s results in future.

 

4. FINANCIAL EFFECTS OF THE PROPOSED ACQUISITION

The Proposed Acquisition will not have any effect on the issued and paid-up share capital and substantial shareholders’ shareholding of PHB. It is also not expected to have any material effect on the net assets and earnings per share and gearing of the Group for the financial year ending 31 May 2014. Thereafter, the Proposed Acquisition is expected to contribute positively to the earnings of PHB and its group of companies.

 

5. PERCENTAGE RATIO APPLICABLE TO THE PROPOSALS

The highest percentage ratio in aggregate applicable to the Proposed Acquisition pursuant to Paragraph 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements (“BSLR”) is 3.84% based on the latest audited financial statements of PHB for the financial year ended 31 May 2013.

 

6. APPROVALS REQUIRED

The Proposed Acquisition is not subject to the approval of PHB shareholders or any governmental authorities.

 

7. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED TO THEM

Save as disclosed below, none of the Directors, major shareholders and persons connected with the Directors and/or major shareholders of PHB, have any interest, direct or indirect, in the Proposed Acquisition as follows:

(a) Dato Seri Chew Weng Khak @ Chew Weng Kiak,  the Executive Chaiman

(b) Chew Chuon Jin, Managing Director

(c) Chew Chuon Ghee, Executive Director

Dato Seri Chew Weng Khak @ Chew Weng Kiak, Chew Chuon Jin and Chew Chuon Ghee are the directors and shareholders in both PHB and CWKRSB. Besides, Dato Seri Chew Weng Khak @ Chew Weng Kiak and Chew Chuon Jin are also the directors of KRC.

 

8. DIRECTORS’ STATEMENT

The Board of Directors of PHB having considered all aspects of the Proposed Acquisition is of the opinion that the Proposed Acquisition is fair, reasonable on normal commercial terms and not detrimental to the interest of the minority shareholders of PHB and is in the best interests of the Company. No independent advice was sought in forming this view.

 

9. AUDIT COMMITTEE’S STATEMENT

The Audit Committee, having considered all other relevant aspects, such as rationale, basis of arriving at the Purchase Consideration, financial effects and risks associated with the Proposed Acquisition, is of the opinion that the Proposed Acquisition is fair, reasonable on normal commercial terms and not detrimental to the interest of the minority shareholders of PHB and is in the best interests of the Company. No independent advice was sought in forming this view.

 

10. ESTIMATED TIMEFRAME FOR COMPLETION

The completion of the Proposed Acquisition is targeted to be completed within a period of 30 days from the date of the SSA.

 

11. DOCUMENTS FOR INSPECTION

The SSA is available for inspection during normal business hours at PHB’s registered office at 87 Muntri Street, 10200 Penang, between 9.00 am and 5.00 pm on Mondays to Fridays (except public holidays) for a period of three months from the date of this announcement.

This announcement is dated 27 September 2013.



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