September 27, 2013

Company announcements: KUB, SUBUR, DIGI, KOBAY, PETONE, ZECON, GSB, TIGER, POHUAT

KUB - OTHERS ACCEPTANCE OF THE CONTRACT NAMED “CADANGAN PEMBANGUNAN KOLEJ KEDIAMAN PELAJAR KK4” AT UNIVERSITI MALAYSIA PAHANG, GAMBANG

Announcement Type: General Announcement
Company NameKUB MALAYSIA BERHAD  
Stock Name KUB  
Date Announced27 Sept 2013  
CategoryGeneral Announcement
Reference NoKM-130927-4C72E

TypeAnnouncement
SubjectOTHERS
DescriptionACCEPTANCE OF THE CONTRACT NAMED “CADANGAN PEMBANGUNAN KOLEJ KEDIAMAN PELAJAR KK4” AT UNIVERSITI MALAYSIA PAHANG, GAMBANG
Introduction
KUB Malaysia Berhad ("KUB" or "the Company") is pleased to announce that KUB Builders Sdn. Bhd. (“KUBB”), a wholly-owned subsidiary of the Company had on 26 September 2013 accepted a contract award from UMP Holdings Sdn. Bhd. for a project known as “Cadangan Pembangunan Kolej Kediaman Pelajar KK4” at Universiti Malaysia Pahang, Gambang (“the Contract”).

Information on the Contract
The Contract amounts to a total value of thirty nine million one hundred seventy eight thousand and seven hundred (RM39,178,700) only. The tenure of the Contract is 48 weeks from the date of site possession, 11 September 2013.

The financial effect of the Contract

i. Share Capital and Substantial Shareholders' Shareholding
The Contract will not have any effect on the issued and paid-up share capital of KUB.

ii. Earnings
The contract will contribute positively to the Group's earnings and earnings per share
of KUB Group for the financial year ending 31 December 2013.

iii. Net Assets and Gearing
The Contract will not have material effect on the assets per share and gearing of
KUB Group for the financial year ending 31 December 2013.

The risk in relation to the contract
The Company does not foresee any exceptional risk other than operational risk associated
with the contract.

Directors' and Substantial Shareholders Interest
None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Contract.

This announcement is dated 27 September 2013.



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

Announcement Type: Financial Results
Company NameSUBUR TIASA HOLDINGS BERHAD  
Stock Name SUBUR  
Date Announced27 Sept 2013  
CategoryFinancial Results
Reference NoCC-130925-0FA83

Financial Year End31/07/2013
Quarter4
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
185,223
168,044
778,258
665,844
2Profit/(loss) before tax
10,022
14,582
20,171
47,145
3Profit/(loss) for the period
8,639
10,026
15,914
34,340
4Profit/(loss) attributable to ordinary equity holders of the parent
8,645
10,026
15,920
34,340
5Basic earnings/(loss) per share (Subunit)
4.60
5.33
8.46
18.25
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 ($$)
3.5300
3.4900
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


SUBUR - OTHERS Disclosure of Losses arising from Fair Value Changes of Financial Liabilities

Announcement Type: General Announcement
Company NameSUBUR TIASA HOLDINGS BERHAD  
Stock Name SUBUR  
Date Announced27 Sept 2013  
CategoryGeneral Announcement
Reference NoCC-130927-4B30C

TypeAnnouncement
SubjectOTHERS
DescriptionDisclosure of Losses arising from Fair Value Changes of Financial Liabilities
Subur Tiasa Holdings Berhad wishes to announce that the losses arising from fair value changes of the forward foreign exchange contracts as at 31 July 2013 was amounted to RM3,822,000. The fair value changes are attributable to changes in foreign exchange spot and forward rate. Forward foreign exchange contracts are valued using a valuation technique with market observable inputs, by the bankers. The most frequently applied valuation techniques include forward pricing model, using present value calculations. The model incorporates various inputs including the foreign exchange spot and forward rates.


DIGI - 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 NameDIGI.COM BERHAD  
Stock Name DIGI  
Date Announced27 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130927-EBBA0

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 incorporationIncorporated in Malaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.01 each
Name & address of registered holder1) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
2) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (HDBS)
3) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON)
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)
Acquired24/09/2013
2,870,100
 
Disposed24/09/2013
1,500,000
 
Acquired24/09/2013
449,700
 

Circumstances by reason of which change has occurred1) & 3) Acquired
2) Disposed
Nature of interestDirect
Direct (units)1,110,364,240 
Direct (%)14.28 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,110,364,240
Date of notice25/09/2013

Remarks :
The total number of 1,110,364,240 Ordinary Shares of RM0.01 each are held as follows:-

1) 1,001,562,250 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board;

2) 14,791,000 Ordinary Shares of RM0.01 each are registered in the name of Employees Provident Fund Board;

3) 2,070,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB);

4) 13,885,200 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (HDBS);

5) 2,200,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (RHB INV);

6) 7,807,500 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AM INV);
7) 3,540,600 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ALLIANCE);

8) 34,890,890 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA);
9) 17,581,400 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (CIMB PRI);

10) 2,475,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ARIM);
11) 1,902,500 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON); and

12) 7,657,900 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN).



The Form 29B was received by the Company on 27 September 2013.


KOBAY - OTHERS Striking Off of a Subsidiary Company

Announcement Type: General Announcement
Company NameKOBAY TECHNOLOGY BERHAD  
Stock Name KOBAY  
Date Announced27 Sept 2013  
CategoryGeneral Announcement
Reference NoKT-130927-62767

TypeAnnouncement
SubjectOTHERS
DescriptionStriking Off of a Subsidiary Company

The Board of Directors of Kobay Technology Bhd. ("Kobay") wishes to announce that its wholly owned sub-subsidiary, namely Suzhou Univex Metal Tech Co. Ltd. (“Univex” or "the Company")(Company no.: 320500400041051) has on 26 September 2013 received the approval letter from the Registrar of Foreign Investment in the People’s Republic of China to strike off the Company.

Univex was incorporated in China on 4 July 2011 and intends to involve in manufacturing of metal products and surface treatments with an intention to tap into the market in China.

The Company was operating at a small scale since its incorporation and had been inactive since July 2012. As such, the Board has decided to strike off the Company.

The striking off is not expected to have operational impact and material financial impact on the consolidated net asset per share, earning per share, gearing, share capital and substantial shareholders’ shareholding of the Group for the financial year ending 30 June 2014.

The Board also does not foresee any risk and liability to be assumed by Univex and Kobay arising from the striking off exercise.

The Board, after due consideration of all aspects, is of the opinion that the striking off is in the best interest of Kobay.

None of the directors and/or substantial shareholders of Kobay or any person connected with them have any interest, direct or indirect, in the striking off.

The striking off does not require approval from the shareholders of Kobay, Securities Commission and Foreign Investment Committee and it does not subjected to the approval of the Securities Commission and does not fall under the Securities Commission’s Policies and Guidelines on the Issue/Offer of Securities or any amendments thereof.

This announcement is dated 27 September 2013.



PETONE - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NamePETROL ONE RESOURCES BERHAD  
Stock Name PETONE  
Date Announced27 Sept 2013  
CategoryGeneral Announcement
Reference NoCS-130927-4A3EE

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionPETROL ONE RESOURCES BERHAD (“PETONE” OR “COMPANY”)
- MEMORANDUM OF UNDERSTANDING BETWEEN PETROL ONE HOLDINGS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PETONE, AND SEMARAK ADIWARNA SDN. BHD.
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 30 August 2013 in relation to the Memorandum of Understanding (“MOU”).
Further to the announcement made on 30 August 2013, the Board of Directors of PETONE (“Board”) wishes to announce that both POHSB and SASB have mutually agreed to extend the time stipulated in the MOU to complete the initial due diligence review, for another thirty (30) days from 28 September 2013 to 27 October 2013, as well as to extend the time for the execution of the Definitive Agreement(s) from 13 October 2013 to 11 November 2013.

This announcement is dated 27 September 2013.



ZECON - OTHERS ZECON BERHAD (“ZECON” OR “COMPANY”) CHANGE OF INDEPENDENT ADVISER IN RELATION TO THE PRIVATISATION OF ZECON VIA A PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 AND PROPOSED ACCELERATION OF THE MATURITY OF ZECON’S WARRANTS AND CANCELLATION THEREOF

Announcement Type: General Announcement
Company NameZECON BERHAD  
Stock Name ZECON  
Date Announced27 Sept 2013  
CategoryGeneral Announcement
Reference NoMI-130927-54367

TypeAnnouncement
SubjectOTHERS
DescriptionZECON BERHAD (“ZECON” OR “COMPANY”)

CHANGE OF INDEPENDENT ADVISER IN RELATION TO THE PRIVATISATION OF ZECON VIA A PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 AND PROPOSED ACCELERATION OF THE MATURITY OF ZECON’S WARRANTS AND CANCELLATION THEREOF

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 5 August 2013 in relation to the Proposals.

We refer to the announcement dated 25 September 2013 pertaining to the withdrawal of SJ Securities Sdn Bhd (“SJ Securities”) as the independent adviser for the Proposals.

On behalf of the Company, AFFIN Investment Bank Berhad wishes to announce that KAF Investment Bank Berhad has been appointed as the independent adviser for the Proposals in place of SJ Securities, as SJ Securities has informed the Company that SJ Securities does not fall under the eligibility criteria pursuant to Section 7(4) of the Malaysian Code on Take-Overs and Mergers 2010.

This announcement is dated 27 September 2013.



GSB - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameGSB GROUP BERHAD  
Stock Name GSB  
Date Announced27 Sept 2013  
CategoryGeneral Meetings
Reference NoCC-130926-40212

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting27/09/2013
Time10:00 AM
VenueNo. 9 Jalan 3/91A
Taman Shamelin Perkasa
Cheras
56100 Kuala Lumpur
Outcome of Meeting

The Board of Directors of GSB Group Berhad (“GSB") is pleased to announce that the shareholders of GSB have at its Twentieth Annual General Meeting ("20th AGM") held on 27 September 2013 approved all the resolutions as set out in the Notice of 20th AGM dated 5 September 2013.


This announcement is dated 27 September 2013.



TIGER - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameTIGER SYNERGY BERHAD  
Stock Name TIGER  
Date Announced27 Sept 2013  
CategoryGeneral Announcement
Reference NoCK-130927-CEF46

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionTIGER SYNERGY BERHAD
Update of Material Litigations
The Board of Directors of TIGER SYNERGY BERHAD (“the Company”) wish to update the Exchange on the following legal cases of the subsidiaries of the Company:-
A writ summon has been served by Tang Yit Fun (TYF) and Tang Yit Peng (TYP) against Tiger Synergy Berhad (“the Company”), Goldenier Property Management Sdn. Bhd. (GPMSB) & 3 others for the sum of RM4,575,000.00 and specific performance and damages for breach of contract dated 19th December 2012, interest and costs. GPMSB is the wholly subsidiaries of the Company.

The Learned Judge dismissed both the Defendants’ Striking Out Application and the Plaintiff’s Summary Judgement Application.

The case is fixed for trial on 16 October 2013 and 17 October 2013.

This announcement is dated 27 September 2013.


POHUAT - OTHERS POH HUAT RESOURCES HOLDINGS BERHAD ("Poh Huat" OR "Company") PROPOSED DIVESTMENT OF INVESTMENT IN POH HUAT FURNITURE INDUSTRIES (QINGDAO) CO LTD ("Poh Huat (Qingdao)") - Commencement of legal proceedings by Poh Huat against Qingdao Beacon Brewing, Co Ltd

Announcement Type: General Announcement
Company NamePOH HUAT RESOURCES HOLDINGS BERHAD  
Stock Name POHUAT  
Date Announced27 Sept 2013  
CategoryGeneral Announcement
Reference NoCM-130927-50811

TypeAnnouncement
SubjectOTHERS
DescriptionPOH HUAT RESOURCES HOLDINGS BERHAD ("Poh Huat" OR "Company")

PROPOSED DIVESTMENT OF INVESTMENT IN POH HUAT FURNITURE INDUSTRIES (QINGDAO) CO LTD ("Poh Huat (Qingdao)")
- Commencement of legal proceedings by Poh Huat against Qingdao Beacon Brewing, Co Ltd

The Company had on 21 December 2011 announced that it has entered into a equity transfer agreement with Qingdao Beacon Brewing, Co, Ltd and the Government of Ducun Town, Jiaozhou for the disposal of its entire equity interests/contributed capital in Poh Huat Qingdao, a wholly-owned subsidiary of the Company for a consideration of RMB31 million ("Proposal").

Further update of the Proposal is set out in the attachment.

This announcement is dated 27 September 2013.



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