September 4, 2013

Company announcements: MSC, BPURI, ASTRO, YTLPOWR, BINTAI, PLB, ABRIC

MSC - OTHERS PT KOBA TIN: STATUS OF APPLICATION FOR EXTENSION OF CONTRACT OF WORK

Announcement Type: General Announcement
Company NameMALAYSIA SMELTING CORPORATION BERHAD  
Stock Name MSC  
Date Announced4 Sept 2013  
CategoryGeneral Announcement
Reference NoMS-130902-42262

TypeAnnouncement
SubjectOTHERS
DescriptionPT KOBA TIN: STATUS OF APPLICATION FOR EXTENSION OF CONTRACT OF WORK

The Board of Malaysia Smelting Corporation Berhad (the “Company”) wishes to advise that, further to our announcement on 2 August 2013, PT Koba Tin has yet to receive further notification from the Minister of Energy and Mineral Resources (MEMR), Republic of Indonesia, with regard to the Contract of Work (CoW) extension.

Further details of the announcement are set out in the attached file.

This announcement is dated 4 September 2013.



BPURI - Changes in Sub. S-hldr's Int. (29B) - Bumimaju Mawar Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBINA PURI HOLDINGS BHD  
Stock Name BPURI  
Date Announced4 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBP-130904-ACCC8

Particulars of substantial Securities Holder

NameBumimaju Mawar Sdn. Bhd.
Address2nd Floor, No. 17 & 19, Jalan Brunei Barat, Pudu, 55100 Kuala Lumpur
NRIC/Passport No/Company No.807985-D
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderBumimaju Mawar Sdn. Bhd.
2nd Floor, No. 17 & 19, Jalan Brunei Barat, Pudu, 55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/08/2013
20,000
0.730 
Acquired12/08/2013
88,000
0.735 

Circumstances by reason of which change has occurredPurchase from the open market
Nature of interestDirect
Direct (units)8,186,000 
Direct (%)6.06 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change8,186,000
Date of notice04/09/2013


BPURI - OTHERS Supply, fabrication and construction of civil works, Package 7

Announcement Type: General Announcement
Company NameBINA PURI HOLDINGS BHD  
Stock Name BPURI  
Date Announced4 Sept 2013  
CategoryGeneral Announcement
Reference NoBP-130904-61292

TypeAnnouncement
SubjectOTHERS
DescriptionSupply, fabrication and construction of civil works, Package 7

The Board is pleased to announce that Bina Puri Sdn. Bhd., a wholly-owned subsidiary of Bina Puri Holdings Bhd. has accepted the letter of award from the Consortium of Apex Energy Sdn. Bhd. and PT Rekayasa Industri for the project known as “Supply, fabrication and construction of civil works, Package 7” (Samur project) on 1 August 2013 in Sipitang, Sabah for contract value of RM67.23 million. The above mentioned works shall be completed within eleven months.

The Group’s current unbuilt book order stands at RM1.52 billion as at to date.

The contract is expected to contribute positively to the earnings of Bina Puri Group for the financial year ending 31 December 2013.

Please note that no directors, major shareholders and/or persons connected with them have any interests, direct or indirect, in the above transaction.



ASTRO - Changes in Sub. S-hldr's Int. (29B) - T. Rowe Price Associates, Inc

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameASTRO MALAYSIA HOLDINGS BERHAD  
Stock Name ASTRO  
Date Announced4 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAM-130904-7C8D2

Particulars of substantial Securities Holder

NameT. Rowe Price Associates, Inc
Address100 East Pratt Street
Baltimore, MD 21202
USA
NRIC/Passport No/Company No.D00175984
Nationality/Country of incorporationMaryland Corporation, USA
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each in Astro Malaysia Holdings Berhad ("AMH Shares")
Name & address of registered holderName of registered holder

JP Morgan Bank Luxembourg S.A. - disposal of 184,800 AMH Shares

Address:

100 East Pratt Street
Baltimore, MD 21202
USA

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed29/08/2013
184,800
 

Circumstances by reason of which change has occurredDisposal at open market
Nature of interestINDIRECT
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)266,121,200 
Indirect/deemed interest (%)5.12 
Total no of securities after change266,121,200
Date of notice03/09/2013

Remarks :
Form 29B was received from T. Rowe Price Associates, Inc on 4 September 2013.

The registered holders of the 266,121,200 AMH Shares are as follows:-

1. Brown Brothers Harriman & Co. - 554,500 AMH Shares

2. Bank of New York Mellon - 15,686,100 AMH Shares

3. HSBC Bank Malaysia Berhad - 2,859,900 AMH Shares

4. JP Morgan Chase Bank, N.A. - 201,227,900 AMH Shares

5. JP Morgan Bank Luxembourg S.A. - 20,981,100 AMH Shares

6. National Australia Bank - 8,684,900 AMH Shares

7. Northern Trust Company - 11,055,900 AMH Shares

8. State Street Bank & Trust Company - 5,070,900 AMH Shares


YTLPOWR - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameYTL POWER INTERNATIONAL BHD  
Stock Name YTLPOWR  
Date Announced4 Sept 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoYP-130904-4335B

Date of buy back04/09/2013
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)1,820,300
Minimum price paid for each share purchased ($$)1.610
Maximum price paid for each share purchased ($$)1.630
Total consideration paid ($$)2,970,870.95
Number of shares purchased retained in treasury (units)1,820,300
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)17,300,245
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 (%)0.24


BINTAI - BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS BINTAI KINDEN CORPORATION BERHAD AND FINES FIVE DIRECTORS A TOTAL OF RM150,000

Announcement Type: Listing Circular
Company NameBINTAI KINDEN CORPORATION BERHAD  
Stock Name BINTAI  
Date Announced4 Sept 2013  
CategoryListing Circular
Reference NoCW-130904-59810

LISTING'S CIRCULAR NO. L/Q : 68732 OF 2013

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded Bintai Kinden Corporation Berhad (BINTAI) and its directors for breaching the Bursa Malaysia Securities Main Market Listing Requirements (Main LR). In addition, five directors of BINTAI were fined a total of RM150,000.

BINTAI was publicly reprimanded for failing to ensure that the Company’s announcement dated 31 May 2012 on its fourth quarterly report for the financial year ended (FYE) 31 March 2012 (4th QR 2012) took into account the adjustments as stated in the announcement dated 31 July 2012 resulting in a significant deviation between the companies’ unaudited and audited results.

The failure to take into account the adjustments was in contravention of paragraph 9.16(1)(a) of the Main LR where a listed company must ensure that each announcement is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.

BINTAI is also required to carry out a limited review of its quarterly report submissions. The limited review must be performed by external auditors for four quarterly reports commencing from the quarterly report for the financial period ended 30 September 2013. In addition, BINTAI must ensure all its directors and relevant personnel attend a training program on compliance with the Main LR pertaining to financial statements. BINTAI is also required to review and assess the adequacy and effectiveness of its financial reporting function.

The following directors of BINTAI at the material time were found to have breached paragraph 16.13(b) of the Main LR for permitting knowingly, or where they had reasonable means of obtaining such knowledge, BINTAI to commit the above breach. The penalties imposed are as follows:

No.Name
Penalties
1.
Tan Sri Dato’ Kamaruzzaman Bin Shariff
Independent Non-Executive Chairman
Audit Committee Member
Public Reprimand and fine of RM25,000
2.
Ong Puay Koon
Executive Vice Chairman
Public Reprimand
3.
Ong Choon Lui
Group Managing Director/ Chief Executive Officer
Public Reprimand and fine of RM50,000
4.
Yen Yew Wing @ Yen Yew Ming
Executive Director
Public Reprimand
5.
Dato’ Zakri Afandi bin Ismail
Independent Non-Executive Director
Audit Committee Chairman
Public Reprimand and fine of RM25,000
6.
Johari bin Mohd Akhir
Independent Non-Executive Director
Audit Committee Member
Public Reprimand and fine of RM25,000
7.
Sherman Lam Yuen Suen
Independent Non-Executive Director
Audit Committee Member
Public Reprimand and fine of RM25,000
8.
Toru Tanimoto
Non-Independent Non-Executive Director
Public Reprimand

The finding of breach and imposition of the above penalties on BINTAI and its directors were made pursuant to paragraph 16.19 of the Main LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including factors giving rise to and materiality of the deviation, the impact of the breach and in relation to the directors, their respective roles and responsibilities in the company, particularly pertaining to financial management, preparation and review of financial statements and their conduct.

Bursa Malaysia Securities views the contravention seriously as listed companies are required to submit financial statements that are factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.

BACKGROUND

(I) PUBLIC REPRIMAND ON BINTAI

On 31 May 2012, BINTAI reported an unaudited profit after tax and minority interest of RM17.137 million in its 4th QR 2012. However, on 31 July 2012, BINTAI announced an audited loss after tax and minority interest of RM9.486 million in its annual audited accounts for the FYE 31 March 2012. The difference of RM26.623 million between BINTAI’s unaudited and audited results for the FYE 31 March 2012 represented a variance of 155%.

The variance of RM26.623 million was mainly due to the provision for impairment losses on receivables which had been long outstanding and there were significant delays / uncertainty in the repayments ("the Adjustment").

The Adjustment made subsequently in the audited results was without any reasonable explanation on the change of circumstances from the issuance of the 4th QR 2012 to the audited results.

(II) PUBLIC REPRIMAND AND A TOTAL FINE OF RM150,000 IMPOSED ON FIVE DIRECTORS

The directors had failed to discharge their duties to undertake reasonable assessment and enquiries in approving BINTAI’s 4th QR 2012 to ensure the 4th QR 2012 took into account the Adjustment particularly in the light of the following:
  • The auditors had raised their audit issues / concerns over the receivables, and the recoverability of the amount due and requested the Company to provide justification on the recoverability; and
  • Notwithstanding this and the request by the external auditors for justification on the recoverability of the receivables, the directors had accepted and relied on management’s views not to provide any impairment loss in respect of the receivables without further enquiry and assessment as to the reasonableness of management’s justification in respect of the same. The reliance placed on the management was unreasonable in the light of the facts and circumstances.

The penalties were imposed against the directors after taking into account their knowledge, roles and responsibilities and in respect of the audit committee members, their function to review financial statements, focusing on compliance with the accounting standards under the Main LR.

PLB - OTHERS PLB ENGINEERING BERHAD ("PLB" OR "THE COMPANY") DISPOSAL OF SUBSIDIARY

Announcement Type: General Announcement
Company NamePLB ENGINEERING BERHAD  
Stock Name PLB  
Date Announced4 Sept 2013  
CategoryGeneral Announcement
Reference NoCC-130903-61112

TypeAnnouncement
SubjectOTHERS
DescriptionPLB ENGINEERING BERHAD ("PLB" OR "THE COMPANY")
DISPOSAL OF SUBSIDIARY

The Board of Directors of PLB wishes to announce that its wholly-owned subsidiary, PLB-KH Bina Sdn Bhd ("PKH") had on 3 September 2013 disposed of the two (2) ordinary shares of RM1.00 each representing 100% equity interest in PLB Alam Sdn Bhd ("PLB Alam") to Ms Seow Soo Pheng and Ms Cheok Ee Yee at a total cash consideration of RM2.00 (the "Disposal").

PLB Alam will cease to be a subsidiary of PKH upon completion of the Disposal on 3 September 2013.

None of the Directors and/or substantial shareholders of the Company and/or persons connected to them have any interest, direct or indirect, in the Disposal and no approval of shareholders is required.

This announcement is dated 4 September 2013.



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

Announcement Type: General Announcement
Company NameABRIC BERHAD  
Stock Name ABRIC  
Date Announced4 Sept 2013  
CategoryGeneral Announcement
Reference NoCK-130904-41686

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionDealing by Director in the securities of Abric Berhad ("Abric") outside closed period

Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Director of Abric had transacted in the securities of Abric as set out below:-

Name of Director

Date of Transaction

Price per Ordinary Shares

Number of Ordinary Shares (Indirect)

Percentage (%)

Dato' Ong Eng Lock

02.09.2013

RM0.240

44,700

0.045

Dato' Ong Eng Lock

03.09.2013

RM0.239

205,300

0.207



ABRIC - Changes in Director's Interest (S135) - Dato' Ong Eng Lock

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameABRIC BERHAD  
Stock Name ABRIC  
Date Announced4 Sept 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-130904-40710

Information Compiled By KLSE

Particulars of Director

NameDato' Ong Eng Lock
AddressE-3, One Menerung, 1 Jalan Menerung, Bukit Bandaraya Bangsar, 59100 Kuala Lumpur.
Descriptions(Class & nominal value)Ordinary Shares of RM0.30 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
02/09/2013
44,700
0.240 
Acquired
03/09/2013
205,300
0.239 

Circumstances by reason of which change has occurredPurchase at Open Market
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)3,000,000 
Direct (%)3.03 
Indirect/deemed interest (units)30,936,700 
Indirect/deemed interest (%)31.23 
Date of notice04/09/2013


ABRIC - Changes in Sub. S-hldr's Int. (29B) - Datin Tai Mee Yong

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameABRIC BERHAD  
Stock Name ABRIC  
Date Announced4 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130904-38BDE

Particulars of substantial Securities Holder

NameDatin Tai Mee Yong
AddressE-3, One Menerung,
1 Jalan Menerung,
Bukit Bandaraya Bangsar,
59100 Kuala Lumpur.
NRIC/Passport No/Company No.570818-01-5896
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.30 each
Name & address of registered holderAbric Capital Sdn. Bhd.
D5-5-5 Solaris Dutamas,
1 Jalan Dutamas 1,
50480 Kuala Lumpur.

Datin Tai Mee Yong
E-3, One Menerung,
1 Jalan Menerung,
Bukit Bandaraya Bangsar,
59100 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired02/09/2013
44,700
 
Acquired03/09/2013
205,300
 

Circumstances by reason of which change has occurredPurchase at Open Market
Nature of interestIndirect
Direct (units)3,000,000 
Direct (%)3.03 
Indirect/deemed interest (units)27,936,700 
Indirect/deemed interest (%)28.2 
Total no of securities after change30,936,700
Date of notice04/09/2013


No comments:

Post a Comment