October 24, 2013

Company announcements: FRB, KPSCB, GADANG, BONIA, UBB, BRIGHT

FRB - Changes in Sub. S-hldr's Int. (29B) - Dato' Thong Kok Khee

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced24 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoFR-131024-A044D

Particulars of substantial Securities Holder

NameDato' Thong Kok Khee
Address74 Jalan Setiakasih
Damansara Heights
50490 Kuala Lumpur
NRIC/Passport No/Company No.541211-08-5713
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderInsas Plaza Sdn Bhd
No. 45-5, The Boulevard
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/10/2013
1,435,000
 

Circumstances by reason of which change has occurredAcquisition via direct business transaction by Insas Plaza Sdn Bhd. By virtue of his substantial interest in Insas Berhad, he is also deemed interested in the shares of its related corporations to the extent that Insas Berhad has an interest pursuant to Section 6A of the Companies Act, 1965.
Nature of interestIndirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)1,435,000 
Indirect/deemed interest (%)0.38 
Total no of securities after change38,949,100
Date of notice24/10/2013

Remarks :
The breakdown of 38,949,100 ordinary shares of RM0.50 each (“Shares”) are as follows:
1) 33,369,100 Shares – direct interest held by Insas Plaza Sdn Bhd
2) 5,580,000 Shares – direct interest held by M & A Securities Sdn Bhd

FRB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced24 Oct 2013  
CategoryGeneral Announcement
Reference NoFR-131024-A0439

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionFurther to Formis Resources Berhad's ("FRB" and/or "the Company") announcement made on 18 October 2013 in relation to dealings in the ordinary shares, Warrants 2011/2016 and Warrants 2013/2018 of FRB during closed period, the Company wishes to inform that Dato' Thong Kok Khee ("Dato' Thong") has given notice of his dealings in the ordinary shares during closed period of the Company as per Table A below.

TABLE A

Name

Date Transacted

Opening Balance

Acquired

% of ordinary shares

Price per ordinary share

Closing Balance of ordinary shares

% of total ordinary shares

Dato' Thong

23/10/2013

37,514,100^

(Indirect Interest)

1,435,000^

(Indirect Interest)

0.38

RM0.67

38,949,100^

(Indirect Interest)

10.24^

(Indirect Interest)

^ Deemed interest by virtue of his substantial interest in Insas Berhad pursuant to Section 6A of the Companies Act, 1965.


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 Announced24 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKC-131024-BA42C

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)
Acquired23/10/2013
15,000
0.485 

Circumstances by reason of which change has occurredAcquired in open market.
Nature of interestDirect
Direct (units)59,595,025 
Direct (%)40.31 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change59,595,025
Date of notice24/10/2013

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 Announced24 Oct 2013  
CategoryGeneral Announcement
Reference NoKC-131024-BA417

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

23.10.2013

0.485

15,000

0.010

Acquisition of shares via open market.

This announcement is dated 24 October 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 Announced24 Oct 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoKC-131024-BA421

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
23/10/2013
15,000
0.485 

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)59,595,025 
Direct (%)40.31 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice24/10/2013

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

GADANG - Quarterly rpt on consolidated results for the financial period ended 31/8/2013

Announcement Type: Financial Results
Company NameGADANG HOLDINGS BHD  
Stock Name GADANG  
Date Announced24 Oct 2013  
CategoryFinancial Results
Reference NoGH-131024-59200

Financial Year End31/05/2014
Quarter1
Quarterly report for the financial period ended31/08/2013
The figureshave not been audited

Attachments

GHB (Aug 2013)Q1.pdf
239 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/08/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/08/2013
31/08/2012
31/08/2013
31/08/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
113,451
47,268
113,451
47,268
2Profit/(loss) before tax
9,897
3,708
9,897
3,708
3Profit/(loss) for the period
7,669
3,004
7,669
3,004
4Profit/(loss) attributable to ordinary equity holders of the parent
7,137
2,527
7,137
2,527
5Basic earnings/(loss) per share (Subunit)
3.63
1.28
3.63
1.28
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 ($$)
1.3700
1.3400
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

BONIA - OTHERS Bonia Corporation Berhad (“Bonia” or the “Company”) Acquisition of Shelf Company - Maha Asia Capital Sdn Bhd

Announcement Type: General Announcement
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced24 Oct 2013  
CategoryGeneral Announcement
Reference NoBC-131024-63965

TypeAnnouncement
SubjectOTHERS
DescriptionBonia Corporation Berhad (“Bonia” or the “Company”)
Acquisition of Shelf Company
- Maha Asia Capital Sdn Bhd

The Board of Directors of Bonia wishes to inform that the Company had on 23 October 2013, acquired a shelf company named Maha Asia Capital Sdn Bhd (“MAC”), comprising two (2) ordinary shares of RM1.00 each, representing 100% of the total issued and paid up share capital of MAC at a total cash consideration of Ringgit Malaysia Two (RM2.00) only (the “Acquisition”).

MAC was incorporated on 7 October 2013 as a private company limited by shares in Malaysia under the Companies Act, 1965. MAC is currently dormant and has an authorised share capital of RM400,000.00 comprising 400,000 ordinary shares of RM1.00 each and paid up share capital of RM2.00 divided into two (2) ordinary shares of RM1.00 each.

With the Acquisition, MAC has become a 100% owned subsidiary of Bonia on 23 October 2013. The intended business activity of MAC is property investment.

The Acquisition is funded by internal resources and is not expected to have any material effects on the earnings or net assets of the Company for the financial year ending 30 June 2014.

None of the Directors and to the best knowledge of the Directors, none of the major shareholders or person connected to them has any interest, direct or indirect in the aforesaid Acquisition.

This announcement is dated 24 October 2013.


UBB - UNITED BINTANG BERHAD (“UBB” OR “COMPANY”) • PROPOSED ACQUISITION • PROPOSED DIVERSIFICATION (COLLECTIVELY, THE “PROPOSALS”)

Announcement Type: General Announcement
Company NameUNITED BINTANG BERHAD  
Stock Name UBB  
Date Announced24 Oct 2013  
CategoryGeneral Announcement
Reference NoOS-131024-61931

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-131023-62276
SubjectUNITED BINTANG BERHAD (“UBB” OR “COMPANY”)

• PROPOSED ACQUISITION
• PROPOSED DIVERSIFICATION

(COLLECTIVELY, THE “PROPOSALS”)
DescriptionUNITED BINTANG BERHAD (“UBB” OR “COMPANY”)

• PROPOSED ACQUISITION
• PROPOSED DIVERSIFICATION

(COLLECTIVELY, THE “PROPOSALS”)
Query Letter Contents We refer to your announcement on behalf of the Company dated 21 October 2013 in
respect of the above matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
1. To also state the ultimate substantial shareholder(s) of MASB and their
respective shareholding in MASB.
2. To explain the termination/refund arrangement in event of default or breach
by the Vendor.
3. To provide details on the existing use of the Property, arrangement with
current tenants and details on the current rental income.
4. To elaborate on each of the business risks and the mitigating factors.
5. To briefly describe the impact of diversification on current business
operations.
6. To tabulate the shareholdings of the Interested Major Shareholder(s) in UBB.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully


SUZALINA HARUN
Head, Issuers
Listing Division
Regulation
WCY/NM
copy to:- General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax)

The defined terms used in this announcement shall carry the same meaning as defined in the earlier announcement made on 21 October 2013.

 

Pursuant to the announcement made on 23 October 2013 (“Announcement”) and in response to the query from Bursa Securities vide its letter dated 23 October 2013 reference NM-131023-62276, on behalf of the Board of Directors, M&A Securities Sdn Bhd hereby wishes to announce the following additional information for public release:

 

1. To also state the ultimate substantial shareholder(s) of MASB and their respective shareholdings in MASB.

 

MASB is wholly owned by Lakaran Asia Sdn Bhd. The shareholders of Lakaran Asia Sdn Bhd are as follows:

 

 

 

Shareholdings (%)

Name

Nationality

Direct

Indirect

 

 

 

 

1. Mohamad Zekri Bin Haji Ibrahim

Malaysian

30.0

-

 

 

 

 

2. Mohamad Adzrill Bin Abu Bakar

Malaysian

70.0

-

 

 

 

 

 

 

2. To explain the termination/refund arrangement in event of default or breach by the Vendor.

 

In the event of the default or breach by Vendor for failure to transfer the title of the Property or delivery of possession, the Purchaser shall have the right to take legal action against the Vendor for breach of contract and seek relief under the law, inter-alia including damages and/or specific performance of such contract .

 

3. To provide details on the existing use of the Property, arrangement with current tenants and details on the current rental income.

 

The Property is currently being tenanted. The tenants will be notified of the termination of their tenancy in due course prior to the commencement of the development project to refurbish the Property into service suites for sale. The current rental income generated from the Property is RM139,524.

 

4. To elaborate on each of the business risks and the mitigating factors.

 

The Company will face new risks which are inherent in the property development industry. Such risks include:

 

(i) Project completion risk

 

The timely completion of the projects undertaken by the Group such as the Northam Venture Project is dependent on many external factors including, inter alia, the timely receipt of requisite licenses, permits or regulatory approvals, availability of construction/building materials, equipment and labor, availability of financing and satisfactory performance of any sub-contractors appointed. Adverse developments in respect of these factors can lead to interruptions or delays in completing a project, which can consequently result in cost overruns that affect the Group’s profitability and cash flows.

 

However, the Group will strive to complete the Group’s projects within the specified time through close project monitoring as well as the hiring of the necessary key personnel whom are experienced in the matter. Nonetheless, there is no assurance that any change to the abovementioned factors will not result in delay in the completion of projects.

 

(ii) Political, economic and regulatory risk

 

The Group’s property development projects in future will be affected by any changes in the political, economic and/or regulatory conditions environment including but not limited to including but not limited to risk of war, change in political leadership and environment, unfavorable changes in government policies, nationalization and changes in legislation pertaining to the industry.

 

While the Group is committed to take measures to mitigate these risks including close monitoring of the Government’s masterplan in respect of long-term economic and development policies so that we can stay ahead as well as capitalized on regulatory changes in the industry in which the Group operates, there can be no assurance that any changes to the political, economic and regulatory factors will not have a material and adverse effect on the business and prospect of the Group.

 

(iii) Risk of dependence on key personnel

 

As the Group will be reliant on the key personnel experienced in the property development industry hired to spearhead the business segment, the Group’s continued success in the property development industry will depend largely on the abilities, skills, experience, competency and continued efforts of the said key personnel. The loss of any of the relevant key personnel without suitable and timely replacement, or the inability of Group to attract and retain other qualified personnel, could adversely affect the Group’s operations and hence, its revenue and profitability.

 

Recognising the importance of the key personnel, the Group will continuously adopt appropriate approaches to employ as well retain the key personnel as well as attract and retain qualified experienced personnel who are essential towards addressing the Group’s succession plan to complement the management team. This will in turn help to ensure continuity and competency of the management team. However there is no assurance that the loss of such key personnel will not adversely affect the property development business.

 

(iv) Risk of dependence on third-party contractors

 

The Group’s property development business will be dependent on the support of third party contractors to ensure the continuous supply of services and construction materials. Although the Group will not dependent on any single third party contractor, any substantial limitation or sub-standard performance of the third party contractors and their inability to supply sufficient labour, whether skilled or unskilled, and sufficient quality services and building materials will inevitably disrupt the progress and/or quality of the Group’s operation and may cause an adverse effects. Thus, the Group will focus on its selection of third party contractors engaged for its projects as well as implementing control procedures such as careful planning, closely monitoring of project progress and endeavouring prompt actions to ensure the overall positive progress of the projects.

 

(v) Competition risk

 

The Group’s property development business faces competition from other companies operating in the same business. The competitiveness of the Group is dependent on the ability of its management to secure strategically located landbank for development as well as to price its products competitively, to provide quality and timely delivery of developments and to sell its properties. In addition, the Group may face some challenges as the Group is a new entrant in the property development industry and it lacks track record.

 

Nevertheless, the Group will continue to take measures to remain competitive in the property development industry by providing quality products and competitive pricing and actively seeking new opportunities in the property development sector.

 

5. To briefly describe the impact of diversification on current business operations.

 

Notwithstanding the proposed implementation of the Proposed Diversification, the Company intends to continue its existing core business as marketer and distributor of heavy machinery and equipment. In order to manage the new property development business, the Board intends to hire key personnel with in-depth experience in property development upon completion of the Proposed Acquisition and the Proposed Diversification.

 

6. To tabulate the shareholdings of the Interested Major Shareholder(s) in UBB.

 

The Interested Major Shareholders in UBB, up to the ultimate shareholders are tabulated as follows:

 

 

 

Shareholdings (%)

Name

Nationality / Country of incorporation

Direct

Indirect

 

 

 

 

1. Mohamad Zekri Bin Haji Ibrahim

Malaysian

-

19.5*

 

 

 

 

2. Mohamad Adzrill Bin Abu Bakar

Malaysian

-

19.5*

 

 

 

 

3. Lakaran Asia Sdn Bhd

Malaysia

19.5

-

 

 

 

 

Note:

 

* Deemed interest by virtue of his shareholdings in Lakaran Asia Sdn Bhd.

 

This announcement is dated 24 October 2013.


BRIGHT - Changes in Sub. S-hldr's Int. (29B) - Teh Sew Wan

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBRIGHT PACKAGING INDUSTRY BERHAD  
Stock Name BRIGHT  
Date Announced24 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131024-40710

Particulars of substantial Securities Holder

NameTeh Sew Wan
AddressNo. 5, Jalan Enak 2, Taman Gembira, 58200 Kuala Lumpur
NRIC/Passport No/Company No.500127-10-5696
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderWong SK Holdings Sdn Bhd
No. 35-1, Jalan Bandar 16, Pusat Bandar Puchong, 47100 Puchong, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired22/10/2013
360,000
 

Circumstances by reason of which change has occurredPurchase in open market
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)10,200,000 
Indirect/deemed interest (%)23.56 
Total no of securities after change10,200,000
Date of notice24/10/2013

Remarks :
Deemed interest by virtue of her shareholdings in Wong SK Holdings Sdn Bhd pursuant to Section 6A of the Companies Act 1965.

BRIGHT - Changes in Sub. S-hldr's Int. (29B) - Wong SK Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBRIGHT PACKAGING INDUSTRY BERHAD  
Stock Name BRIGHT  
Date Announced24 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131024-40374

Particulars of substantial Securities Holder

NameWong SK Holdings Sdn Bhd
AddressNo. 35-1, Jalan Bandar 16, Pusat Bandar Puchong, 47100 Puchong, Selangor
NRIC/Passport No/Company No.729123-K
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderWong SK Holdings Sdn Bhd
No. 35-1, Jalan Bandar 16, Pusat Bandar Puchong, 47100 Puchong, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired22/10/2013
360,000
 

Circumstances by reason of which change has occurredPurchase in open market
Nature of interestDirect
Direct (units)10,200,000 
Direct (%)23.56 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change10,200,000
Date of notice24/10/2013

Stocks: , , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)