October 16, 2013

Company announcements: APM, HYTEXIN, EWEIN, FRB, UBB, YOKO

APM - OTHERS INCORPORATION OF NEW COMPANY IN MYANMAR

Announcement Type: General Announcement
Company NameAPM AUTOMOTIVE HOLDINGS BERHAD  
Stock Name APM  
Date Announced16 Oct 2013  
CategoryGeneral Announcement
Reference NoAA-131016-57539

TypeAnnouncement
SubjectOTHERS
DescriptionINCORPORATION OF NEW COMPANY IN MYANMAR

The Board of Directors of APM Automotive Holdings Berhad (“APM” or “the Company”) is pleased to inform that Myanmar Investment Commission (“MIC”) has issued a Permit dated 23 August 2013 to approve an investment proposal by APM Automotive Myanmar Ltd and APM Automotive Indochina Ltd (“Labuan Subsidiaries”), Labuan incorporated subsidiaries of APM Group for manufacturing and marketing of automotive parts and modules in the industrial area of Bago Region, Myanmar (“Project”) under the name of APM Auto Components Myanmar Co., Ltd.

To undertake the Project, Labuan Subsidiaries have submitted to the Ministry of National Planning and Economic Development of Myanmar to establish a new subsidiary with the name of APM Auto Components Myanmar Co., Ltd. (“APM Myanmar”) in the Republic of the Union of Myanmar under its Companies Act, 1913 and the permanent certificate of incorporation dated 10 October 2013 was received by the Company on 16 October 2013.

APM Myanmar will have an authorised capital of USD10,000,000 divided into 10,000,000 of USD1 each. The minimum required capital, which is internally funded, is USD150,000 of which USD75,000 has been paid up. The shareholders of APM Myanmar are:- 

Name of ShareholderShareholding
APM Automotive Myanmar Ltd100% less 1 share
APM Automotive Indochina Ltd1 share
(Under the Myanmar Companies Act, 1913, a company is required to have at least two shareholders)

The MIC Permit is for a period of 50 years, commencing from the date of the signing of a Land Lease Agreement between APM Myanmar and the Bago Region Government, and extendable for further periods of two terms of 10 years each. The Permit allows for certain tax exemptions and reliefs applicable upon implementation of the Project as provided for under the Myanmar Foreign Investment Law. These include income tax exemptions, exemption and reliefs from customs taxes and internal taxes for machineries and equipment for the construction of the manufacturing plant.

The manufacturing plant in Bago, sited on a 30 acre leased land, is planned for manufacturing and marketing of automotive parts and modules by the APM Group. Construction of the plant will commence within one year from the date of the MIC Permit and completion is expected in three years.

The initial outlay of APM Group for the construction of manufacturing plant, purchase of machineries and equipment for the first three years is estimated at USD9.0 million and will be funded internally and from external borrowings.

The Project has no material effect on the earnings and net tangible assets of APM Group for the financial year ending 31 December 2013.

None of the directors and substantial shareholders of the Company has any interest, direct or indirect, in the incorporation of APM Myanmar.

This announcement is dated 16 October 2013.



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

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced16 Oct 2013  
CategoryGeneral Announcement
Reference NoCA-131016-66539

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionHytex Integrated Berhad- Receipt of Petitions for Winding-up

The Board of the Company wishes to inform that Hytex Integrated Berhad (“HIB” or the “Company”) and its subsidiary, Hytex Apparels Sdn. Bhd. (“HASB”) had received petitions for winding-up. The details of the petitions is set out in the file attached.



EWEIN - OTHERS EWEIN BERHAD ("EWEIN" OR "THE COMPANY") - INCORPORATION OF A NEW SUBSIDIARY, EWEIN ZENITH SDN BHD ("EWEIN ZENITH")

Announcement Type: General Announcement
Company NameEWEIN BERHAD  
Stock Name EWEIN  
Date Announced16 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131010-59833

TypeAnnouncement
SubjectOTHERS
DescriptionEWEIN BERHAD ("EWEIN" OR "THE COMPANY")
- INCORPORATION OF A NEW SUBSIDIARY, EWEIN ZENITH SDN BHD ("EWEIN ZENITH")

The Board of Directors of EWEIN is pleased to announce that the Company has incorporated a 60% owned subsidiary named Ewein Zenith Sdn Bhd ("Ewein Zenith") under the Companies Act, 1965 on 16 October 2013. The authorised capital of Ewein Zenith is RM5,000,000 comprising 5,000,000 ordinary shares of RM1.00 each. The paid-up share capital of Ewein Zenith is RM1,000,000 divided into 1,000,000 ordinary shares of RM1.00 each, of which 600,000 ordinary shares of RM1.00 each are held by EWEIN and the remaining 400,000 ordinary shares of RM1.00 each are held by Zenith Construction Sdn Bhd.

The Chairman and Deputy Chairman of Ewein Zenith are Dato' Zarul Ahmad Bin Mohd Zulkifli and Dato' Ewe Swee Kheng respectively.

The principal activities of Ewein Zenith are property development, construction and property investment.

None of the Directors and/or Major Shareholders of EWEIN or persons connected to the Directors and/or Major Shareholders of EWEIN have any interest, direct or indirect in the said incorporation.

This announcement is dated 16 October 2013.




FRB - OTHERS FORMIS RESOURCES BERHAD (“FRB” OR THE “COMPANY”) ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN (LTIP)

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced16 Oct 2013  
CategoryGeneral Announcement
Reference NoOS-131016-61945

TypeAnnouncement
SubjectOTHERS
DescriptionFORMIS RESOURCES BERHAD (“FRB” OR THE “COMPANY”)
ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN (LTIP)

We refer to the announcements dated 22, 27 August 2013, 5, 9 and 24 September 2013 in relation to the establishment of a long-term incentive plan for the eligible employees and directors of FRB and its subsidiaries which are not dormant (“Announcements”).

Abbreviations and definitions used in this announcement shall be the same as those previously defined in the Announcements unless otherwise defined. 

On behalf of Board of Directors of FRB, TA Securities Holdings Berhad wishes to announce that the effective date of implementation of the LTIP is on 16 October 2013 which is the date of full compliance with all relevant requirements of Paragraph 6.43(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) including the following:-

(i) submission of the final copy of the By-Laws to Bursa Securities; 

(ii) receipt of approval from Bursa Securities for the issuance and listing of the FRB shares to be issued under the LTIP; and 

(iii) receipt of approval from the shareholders of FRB for the LTIP. 

 

This announcement is dated 16 October 2013.



UBB - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameUNITED BINTANG BERHAD  
Stock Name UBB  
Date Announced16 Oct 2013  
CategoryChange Of Company Secretary
Reference NoCP-131016-58310

Date of change16/10/2013
Type of changeAppointment
DesignationJoint Secretary
License no.MAICSA 0673097
NameGunn Chit Geok
Working experience and occupation during past 5 years


UBB - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameUNITED BINTANG BERHAD  
Stock Name UBB  
Date Announced16 Oct 2013  
CategoryChange Of Company Secretary
Reference NoCP-131016-58108

Date of change16/10/2013
Type of changeAppointment
DesignationJoint Secretary
License no.MAICSA 7019191
NameChew Siew Cheng
Working experience and occupation during past 5 years


UBB - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameUNITED BINTANG BERHAD  
Stock Name UBB  
Date Announced16 Oct 2013  
CategoryChange Of Company Secretary
Reference NoCP-131016-59149

Date of change16/10/2013
Type of changeResignation
DesignationSecretary
License no.MAICSA 0877479
NameLim Lai Sam
Working experience and occupation during past 5 years


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 Announced16 Oct 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-131016-3F57A

Date of buy back16/10/2013
Description of shares purchasedOrdinary shares of RM0-50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)20,000
Minimum price paid for each share purchased ($$)1.210
Maximum price paid for each share purchased ($$)1.210
Total consideration paid ($$)24,382.46
Number of shares purchased retained in treasury (units)20,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)1,179,700
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 (%)1.35


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