September 12, 2013

Company announcements: TIME, PETGAS, ACOSTEC, SILVER, VASTALX, MAHSING, PRLEXUS, TSH

TIME - OTHERS TIME ENGINEERING BERHAD (“TEB” OR “COMPANY”) (I) PROPOSED ACQUISITION BY CENSOF HOLDINGS BERHAD (“CENSOF”) OF 349,112,731 ORDINARY SHARES OF RM0.20 EACH IN TEB, REPRESENTING 45.03% EQUITY INTEREST IN TEB FROM KHAZANAH NASIONAL BERHAD (“PROPOSED ACQUISITION”); AND (II) PROPOSED MANDATORY TAKE-OVER OFFER BY CENSOF FOR THE ENTIRE EQUITY INTEREST IN TEB NOT ALREADY OWNED BY CENSOF AND PERSONS ACTING IN CONCERT WITH IT SUBSEQUENT TO THE PROPOSED ACQUISITION (“PROPOSED MGO”) (COLLECTIVELY REFERRED TO AS “PROPOSALS”

Announcement Type: General Announcement
Company NameTIME ENGINEERING BERHAD  
Stock Name TIME  
Date Announced12 Sept 2013  
CategoryGeneral Announcement
Reference NoTE-130912-FF208

TypeAnnouncement
SubjectOTHERS
DescriptionTIME ENGINEERING BERHAD (“TEB” OR “COMPANY”)

(I) PROPOSED ACQUISITION BY CENSOF HOLDINGS BERHAD (“CENSOF”) OF 349,112,731 ORDINARY SHARES OF RM0.20 EACH IN TEB, REPRESENTING 45.03% EQUITY INTEREST IN TEB FROM KHAZANAH NASIONAL BERHAD (“PROPOSED ACQUISITION”); AND

(II) PROPOSED MANDATORY TAKE-OVER OFFER BY CENSOF FOR THE ENTIRE EQUITY INTEREST IN TEB NOT ALREADY OWNED BY CENSOF AND PERSONS ACTING IN CONCERT WITH IT SUBSEQUENT TO THE PROPOSED ACQUISITION (“PROPOSED MGO”)

(COLLECTIVELY REFERRED TO AS “PROPOSALS”

The Board of Directors of TEB (“Board”) wishes to announce that the Company has today received a notice from RHB Investment Bank Berhad (“RHBIB”) on behalf of Censof, with regards to the Proposals (“Notice”) in accordance with Section 11(1) and Paragraph 1.1(a)(iii) of the Malaysian Code on Take-Overs and Mergers 2010 (“Code”). RHBIB on behalf of Censof has informed that, pursuant to Section 218(2) of the Capital Markets & Services Act, 2007 and Section 9(1), Part III of the Code, Censof will be obliged to extend a mandatory take-over offer to the shareholders of TEB for the remaining shares in TEB not already owned by it, upon the Proposed Acquisition becoming unconditional.

A copy of the Notice is enclosed herewith.

This announcement is dated 12 September 2013.

Attachments

Press notice.pdf
308 KB



PETGAS - 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 NamePETRONAS GAS BERHAD  
Stock Name PETGAS  
Date Announced12 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPG-130912-B95FD

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 incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share of RM1.00/share
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)
Disposed09/09/2013
22,000
 
Disposed09/09/2013
53,300
 

Circumstances by reason of which change has occurred1.Sale of shares in open market
2.Sale of shares managed by portfolio manager(NOMURA)
Nature of interestDirect
Direct (units)272,847,500 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change272,847,500
Date of notice10/09/2013

Remarks :
The direct interest of 272,847,500 shares comprising:

a) 257,031,800 shares held by Citigroup Nominees (Tempatan) Sdn. Bhd;

b) 1,497,600 shares held EPF Board;

c) 754,500 shares held by Employees Provident Fund Board (AMUNDI)

d) 268,500 shares held by Employees Provident Fund Board (KIB);

e) 1,850,500 shares held by Employees Provident Fund Board (HDBS);

f) 450,000 shares held by Employees Provident Fund Board (RHB INV);

g) 532,100 shares held by Employees Provident Fund Board (AM INV);

h) 375,000 shares held by Employees Provident Fund Board (MAYBAN);

i) 5,245,100 shares held by Employees Provident Fund Board (NOMURA);

j) 4,292,400 shares held by Employees Provident Fund Board (CIMB PRI);

k) 550,000 shares held by Employees Provident Fund Board (ARIM);

Received Form 29B on 12 September 2013


ACOSTEC - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameACOUSTECH BERHAD  
Stock Name ACOSTEC  
Date Announced12 Sept 2013  
CategoryGeneral Announcement
Reference NoCK-130912-4876C

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionNotice Pursuant to Section 218(1)(e ) of the Companies Act 1965 served on Formosa Prosonic Equipment Sdn Bhd, a subsidiary of the Company

Reference is made to the announcement made by the Company on 6 August 2013 with regards to the Notice pursuant to Section 218 of the Companies Act, 1965 served on Formosa Prosonic Equipment Sdn Bhd (“FPEQ”), a 75% subsidiary of the Company on 11 September 2013 by the solicitors acting for Product Solutions International Inc. and MTN Product Inc.

The Company wishes to inform that the petition to wind-up FPEQ is fixed for case management on 4 November 2013 and the hearing on 4 December 2013. FPEQ will vigorously defend the said action.

The Board of Directors also wish to inform that the amount of the claim made by Product Solutions International Inc. and MTN Product Inc. has no material impact on the operations, financial performance or position of FPEQ.

The Board of Directors is of the opinion that the Winding-Up Petition is not expected to have material financial and operational impact on the Group.

This announcement is dated 12 September 2013.

.


SILVER - OTHERS SILVER BIRD GROUP BERHAD (“SBGB” or “the Company”) - Extended Lease Period with AmanahRaya-REIT Managers Sdn Bhd - Update

Announcement Type: General Announcement
Company NameSILVER BIRD GROUP BERHAD  
Stock Name SILVER  
Date Announced12 Sept 2013  
CategoryGeneral Announcement
Reference NoCC-130912-56519

TypeAnnouncement
SubjectOTHERS
DescriptionSILVER BIRD GROUP BERHAD (“SBGB” or “the Company”)
- Extended Lease Period with AmanahRaya-REIT Managers Sdn Bhd - Update
(Unless otherwise stated, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcement dated 3 September 2013 in relation to the Extended Lease Period with AmanahRaya-REIT Managers Sdn Bhd)

Further to the announcement made by the Company on 3 September 2013, the Board of Directors of SBGB wishes to announce that the Company had on 10 September 2013 written to the solicitors for AmanahRaya-REIT Managers Sdn Bhd (Company No. 344986-V) (“AmanahRaya”) that the Company is willing to continue and conclude discussions on the rate of rental and terms and conditions of the extended 12 months lease of the Demised Premises from 16 August 2013.


The Board of Directors will make further announcements as may be required, in due course.

This announcement is dated 12 September 2013.


VASTALX - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameVASTALUX ENERGY BERHAD  
Stock Name VASTALX  
Date Announced12 Sept 2013  
CategoryGeneral Announcement
Reference NoCP-130826-C272C

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionVASTALUX ENERGY BERHAD ("VEB" OR "THE COMPANY")
SHAH ALAM MAGISTRATE COURT SUIT NO. A72-365-03/2013
OXFORD BUSINESS GROUP FZ LLC VS VASTALUX ENERGY BERHAD

Further to the announcement on 29 May 2013, we wish to inform that the Company has reached an amicable settlement arrangement with the solicitors representing Oxford Business Group FZ LLC to settle the Judgement Sum amounting approximately to RM89,000.00 (including interest and costs) in instalments as follows:-

i. First payment of RM23,000.00; and

ii. The remaining sum of RM66,000.00 in 22 monthly instalments of RM3,000.00 each commencing October 2013.

This announcement is dated 12 September 2013.

 

 



MAHSING - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced12 Sept 2013  
CategoryGeneral Meetings
Reference NoML-130912-59725

Type of MeetingEGM
IndicatorNotice of Meeting
DescriptionNotice of Extraordinary General Meeting of Mah Sing Group Berhad
Date of Meeting30/09/2013
Time10:00 AM
VenuePenthouse Suite 1, Wisma Mah Sing, No. 163, Jalan Sungai Besi, 57100 Kuala Lumpur
Date of General Meeting Record of Depositors23/09/2013

Attachments

MahSing_EGM Notice.pdf
1379 KB



PRLEXUS - OTHERS PROLEXUS BERHAD (“Prolexus” or "the Company") - Share Option under the Employees Share Option Scheme (“ESOS”)

Announcement Type: General Announcement
Company NamePROLEXUS BERHAD  
Stock Name PRLEXUS  
Date Announced12 Sept 2013  
CategoryGeneral Announcement
Reference NoCC-130912-BE270

TypeAnnouncement
SubjectOTHERS
DescriptionPROLEXUS BERHAD (“Prolexus” or "the Company")
- Share Option under the Employees Share Option Scheme (“ESOS”)
The Board of Prolexus wishes to announce that the Company has implemented the ESOS with effect from 12 September 2013. Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it has offered options to eligible employees and Directors under its ESOS (“Option”), the details of which are as follows:-
No.Description
1.Date of offer of the Options:12 September 2013
2.Exercise price of Options offered:RM1.64
3.Number of Options offered:4,424,000
4.Market Price of Prolexus shares on the date of offer:RM1.93
5.Number of Options offered to the Directors of Prolexus :
NameNumber of Options offered
(1) Ahmad Mustapha Ghazali1,000,000
(2) Lau Mong Ying1,000,000
(3) Willie Gan Wee Lee200,000
(4) Lau Mong Fah100,000
(5) Lin, Cheng-Lang100,000
(6) Khadmudin Bin Mohamed Rafik100,000
(7) Chin Chew Mun100,000
6.Vesting period of Options offered :
Estimated Number of Options to be vestedEstimated Scheduled Vesting Date
2,212,00012 October 2013
Up to 1,769,60012 September 2014
Up to 442,40012 September 2015

This announcement is dated 12 September 2013.




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

Announcement Type: General Announcement
Company NameTSH RESOURCES BERHAD  
Stock Name TSH  
Date Announced12 Sept 2013  
CategoryGeneral Announcement
Reference NoMB-130912-62949

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
TSH RESOURCES BERHAD (“TSH” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF 20,860,000 NEW ORDINARY SHARES OF RM0.50 EACH IN TSH (“PROPOSED PRIVATE PLACEMENT”)

This annoucement is dated 12 September 2013.

On behalf of the Board of Directors of TSH (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) is pleased to announce that the Company proposes to undertake a private placement of 20,860,000 new ordinary shares of RM0.50 each in TSH (“TSH Share(s)”).

Kindly refer to the attachment for further details on the Proposed Private Placement.


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