October 8, 2013

Company announcements: IOICORP, KULIM, ZELAN, GENP

IOICORP - Changes in Director's Interest (S135) - Dato' Lee Yeow Chor

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced8 Oct 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoIC-131004-1D0D7

Information Compiled By KLSE

Particulars of Director

NameDato' Lee Yeow Chor
AddressNo. 6, Jalan Beverly Utama, IOI Resort,
62502 Putrajaya, Malaysia
Descriptions(Class & nominal value)Ordinary Shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
03/10/2013
1,500,000
5.380 
Acquired
03/10/2013
767,600
5.379 

Circumstances by reason of which change has occurredPurchase of shares by Vertical Capacity Sdn. Bhd. from the open market.
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)8,340,400 
Direct (%)0.13 
Indirect/deemed interest (units)2,856,980,280 
Indirect/deemed interest (%)44.708 
Date of notice07/10/2013

Remarks :
Deemed interested by virtue of his interest in Progressive Holdings Sdn. Bhd., which in turn holds 100% equity interest in Vertical Capacity Sdn. Bhd.

We received the Notice by a Director pursuant to Section 135 of the Companies Act, 1965 of Dato' Lee Yeow Chor on 8 October 2013.


IOICORP - Changes in Director's Interest (S135) - Tan Sri Dato' Lee Shin Cheng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced8 Oct 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoIC-131004-1D0D5

Information Compiled By KLSE

Particulars of Director

NameTan Sri Dato' Lee Shin Cheng
AddressNo. 8, Lingkungan 3, Diamond Hill, IOI Resort,
62502 Putrajaya, Malaysia
Descriptions(Class & nominal value)Ordinary Shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
03/10/2013
1,500,000
5.380 
Acquired
03/10/2013
767,600
5.379 

Circumstances by reason of which change has occurredPurchase of shares by Vertical Capacity Sdn. Bhd. from the open market.
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)62,630,600 
Direct (%)0.98 
Indirect/deemed interest (units)2,870,467,180 
Indirect/deemed interest (%)44.919 
Date of notice07/10/2013

Remarks :
Deemed interested by virtue of his interests in Progressive Holdings Sdn. Bhd., which in turn holds 100% equity interest in Vertical Capacity Sdn. Bhd. and shares held by his children, Dato' Lee Yeow Chor and Lee Yeow Seng under Section 6A of the Companies Act, 1965 (the "Act") and also interest in shares of daughters, Lee Yoke Ling, Lee Yoke Har, Lee Yoke Hean and Lee Yoke Hui under Section 134(12)(c) of the Act.

We received the Notice by a Director pursuant to Section 135 of the Companies Act, 1965 of Tan Sri Dato' Lee Shin Cheng on 8 October 2013.


IOICORP - Changes in Sub. S-hldr's Int. (29B) - Puan Sri Datin Hoong May Kuan

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced8 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIC-131004-1D0D6

Particulars of substantial Securities Holder

NamePuan Sri Datin Hoong May Kuan
AddressNo. 8, Lingkungan 3, Diamond Hill, IOI Resort,
62502 Putrajaya, Malaysia
NRIC/Passport No/Company No.400819-10-5146
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderIndirect Interest#:-

Tan Sri Dato' Lee Shin Cheng
No. 8, Lingkungan 3, Diamond Hill, IOI Resort,
62502 Putrajaya, Malaysia
(There is no change in shareholding. Currently held 62,630,600 shares.)

Vertical Capacity Sdn. Bhd.
Two IOI Square, IOI Resort,
62502 Putrajaya, Malaysia
(Purchase of 2,267,600 shares from the open market on 3 October 2013. Following the purchase, currently held 2,856,980,280 shares.)

Dato' Lee Yeow Chor
No. 6, Jalan Beverly Utama, IOI Resort,
62502 Putrajaya, Malaysia
(There is no change in shareholding.Currently held 8,340,400 shares.)

Lee Yeow Seng
No. 8, Lingkungan 3, Diamond Hill, IOI Resort,
62502 Putrajaya, Malaysia
(There is no change in shareholding. Currently held 2,855,400 shares.)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/10/2013
2,267,600
 

Circumstances by reason of which change has occurredPurchase of shares by Vertical Capacity Sdn. Bhd. from the open market.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)2,930,806,680 
Indirect/deemed interest (%)45.863 
Total no of securities after change2,930,806,680
Date of notice07/10/2013

Remarks :
#Deemed interested by virtue of her interests and the interests of her spouse, Tan Sri Dato' Lee Shin Cheng and her sons, Dato' Lee Yeow Chor and Lee Yeow Seng in Progressive Holdings Sdn. Bhd., which in turn holds 100% equity interest in Vertical Capacity Sdn. Bhd. and shares held by Tan Sri Dato' Lee Shin Cheng, Dato' Lee Yeow Chor and Lee Yeow Seng.

We received the Form 29B of Puan Sri Datin Hoong May Kuan on 8 October 2013


IOICORP - Changes in Director's Interest (S135) - Lee Yeow Seng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced8 Oct 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoIC-131004-1D0CA

Information Compiled By KLSE

Particulars of Director

NameLee Yeow Seng
AddressNo. 8, Lingkungan 3, Diamond Hill, IOI Resort,
62502 Putrajaya, Malaysia
Descriptions(Class & nominal value)Ordinary Shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
03/10/2013
1,500,000
5.380 
Acquired
03/10/2013
767,600
5.379 

Circumstances by reason of which change has occurredPurchase of shares by Vertical Capacity Sdn. Bhd. from the open market
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)2,855,400 
Direct (%)0.045 
Indirect/deemed interest (units)2,856,980,280 
Indirect/deemed interest (%)44.708 
Date of notice07/10/2013

Remarks :
Deemed interested by virtue of his interest in Progressive Holdings Sdn. Bhd. which in turn holds 100% equity interest in Vertical Capacity Sdn. Bhd.

We received the Notice by a Director pursuant to Section 135 of the Companies Act, 1965 of Mr Lee Yeow Seng on 8 October 2013.


IOICORP - Changes in Sub. S-hldr's Int. (29B) - Progressive Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced8 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIC-131004-1D0BF

Particulars of substantial Securities Holder

NameProgressive Holdings Sdn Bhd
AddressTwo IOI Square, IOI Resort,
62502 Putrajaya, Malaysia
NRIC/Passport No/Company No.110365-A
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderIndirect interest#:-

Vertical Capacity Sdn. Bhd.
Two IOI Square, IOI Resort,
62502 Putrajaya, Malaysia
(Purchase of 2,267,600 shares from the open market on 3 October 2013. Following the purchase, currently held 2,856,980,280 shares.)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/10/2013
2,267,600
 

Circumstances by reason of which change has occurredPurchase of shares by Vertical Capacity Sdn. Bhd. from the open market.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)2,856,980,280 
Indirect/deemed interest (%)44.708 
Total no of securities after change2,856,980,280
Date of notice07/10/2013

Remarks :
#Deemed interested by virtue of its interest in Vertical Capacity Sdn. Bhd., the wholly-owned subsidiary.

We received the Form 29B of Progressive Holdings Sdn Bhd on 8 October 2013.


IOICORP - OTHERS IOI Corporation Berhad ("IOI Corp" or the "Company") Acquisition of Subsidiary

Announcement Type: General Announcement
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced8 Oct 2013  
CategoryGeneral Announcement
Reference NoIC-131005-A778F

TypeAnnouncement
SubjectOTHERS
DescriptionIOI Corporation Berhad ("IOI Corp" or the "Company")
Acquisition of Subsidiary

The Board of Directors of IOI Corp is pleased to announce that IOI Properties Berhad, a 99.8%-owned subsidiary of the Company, had on 8 October 2013 acquired 2 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital in IOI Prima Property Sdn Bhd (“IOI Prima Property”) from Mr Lee Yeow Seng ("Mr Lee") and Mr Teah Chin Guan @ Teh Chin Guan for a total cash consideration of Ringgit Malaysia Two (RM2.00) only (the “Acquisition”). Following the Acquisition, IOI Prima Property has become an indirect 99.8%-owned subsidiary of IOI Corp.

IOI Prima Property was incorporated on 7 October 2013 as a private limited company under the Companies Act, 1965 and is currently dormant.

Vertical Capacity Sdn Bhd (“VCSB”) is a Major Shareholder of IOI Corp. Progressive Holdings Sdn Bhd (“PHSB”), which holds 100% equity interest in VCSB, is a company connected to Tan Sri Dato’ Lee Shin Cheng (“Tan Sri Lee”).

Tan Sri Lee, Dato' LeeYeow Chor ("Dato' Lee") and Mr Lee are the Directors and deemed Major Shareholders of IOI Corp. Dato' Lee and Mr Lee are the sons of Tan Sri Lee, while Mr Lee Cheng Leang is a Director of IOI Corp and a brother of Tan Sri Lee. Puan Sri Datin Hoong May Kuan, who is the spouse of Tan Sri Lee, and PHSB are the deemed Major Shareholders of IOI Corp.

Save as disclosed, none of the other Directors and/or Major Shareholders of IOI Corp and/or persons connected to them has any interest, direct or indirect in the Acquisition.

This announcement is dated 8 October 2013.



IOICORP - 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 NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced8 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIC-131008-DAAB5

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 incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderEmployees Provident Fund Board
(There is no change in shareholding. Currently held 1,600,000 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
Level 42, Menara Citibank, 165 Jalan Ampang,
50450 Kuala Lumpur
(Purchase of 577,500 shares on 3 October 2013. Following the purchase, currently held 614,527,279 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (HDBS)
(There is no change in shareholding. Currently held 8,526,000 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (AM INV)
(There is no change in shareholding. Currently held 3,074,186 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Providend Fund Board (MAYBAN)
(There is no change in shareholding. Currently held 810,000 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ALLIANCE)
(There is no change in shareholding. Currently held 3,450,000 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)
(There is no change in shareholding. Currently held 7,100,000 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB PRI)
(There is no change in shareholding. Currently held 5,296,643 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ARIM)
(There is no change in shareholding. Currently held 1,350,000 shares.)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/10/2013
577,500
 

Circumstances by reason of which change has occurredPurchase of equity managed by Portfolio Manager
Nature of interestDirect
Direct (units)645,734,108 
Direct (%)10.1 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change645,734,108
Date of notice04/10/2013

Remarks :
We received the Form 29B of EMPLOYEES PROVIDENT FUND BOARD on 8 October 2013.


KULIM - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Announcement Type: General Announcement
Company NameKULIM (MALAYSIA) BERHAD  
Stock Name KULIM  
Date Announced8 Oct 2013  
CategoryGeneral Announcement
Reference NoJC-131008-D74CA

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionStatistical Data for the month of September 2013
The statistical data for the month of September 2013 is as per attachment.
This announcement is dated 8 October 2013.


ZELAN - OTHERS DISPOSAL OF 4,031,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

Announcement Type: General Announcement
Company NameZELAN BERHAD  
Stock Name ZELAN  
Date Announced8 Oct 2013  
CategoryGeneral Announcement
Reference NoZZ-131008-36909

TypeAnnouncement
SubjectOTHERS
DescriptionDISPOSAL OF 4,031,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

ZELAN BERHAD (“ZB” or the “Company”)

DISPOSAL OF 4,031,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

1.0 INTRODUCTION

The Shareholders of the Company, at the Extraordinary General Meeting held on 30 September 2013, had approved the proposed disposal of 56,671,000 shares in IJM Corporation Berhad ("IJM"). Pursuant to Paragraph 10.06 (1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("MMLR"), ZB wishes to announce that it had, on 7 October 2013 disposed of 4,031,000 ordinary shares of RM1.00 each in IJM Corporation Berhad (“IJM”) (the “Sale Shares”) via a Direct Business Transaction at an average disposal price of RM5.79 per share for a total consideration of RM23,268,271.53 (the “Disposal”).

2.0 DETAILS OF THE DISPOSAL

2.1 Information on IJM

IJM, a public listed company listed on the Main Board of Bursa Malaysia is principally involved in the construction, property development, manufacturing and quarrying, infrastructure concessions and plantations. IJM has an authorised capital of RM3,000,000,000.00 and a paid-up capital of RM1,405,402,377.00.

2.2 Information on the Sale Shares

The Sale Shares comprise 4,031,000 ordinary shares of RM1.00 each representing approximately 0.2868% of the total issued and paid-up capital of IJM.

2.3 The cash consideration of RM23,268,271.53 for the Sale Shares was derived on “willing buyer-willing seller” basis.

2.4 There are no liabilities to be assumed by the purchaser arising from the Disposal.

3.0 RATIONALE OF THE DISPOSAL

The rationale of the disposal is to realise funds from the sales proceeds to pay bank borrowings and the derivative financial liability incidental to the repayment of the bank borrowings.

4.0 ORIGINAL COST OF INVESTMENT AND UTILISATION OF PROCEEDS

The original cost of investment of the Sale Shares was approximately RM4.14 per share at Group level and RM3.50 per share at Company level. As at 30 September 2013, the book value of the Sale Shares was approximately RM5.78 per share at Group level.

The sale proceeds will be utilised to pay bank borrowings and the derivative financial liability incidental to the repayment of the bank borrowings.

5.0 COMPLETION DATE

The Disposal was completed on 7 October 2013.

6.0 FINANCIAL EFFECTS

The Disposal will not have any material financial implication and effect to the net assets per share, earnings per share, and has no effect on the share capital and substantial shareholders’ shareholding of the Company. The proceeds will be primarily used to pay bank borrowings and thus would improve the Company’s gearing position. The gain on the Disposal at Group level was approximately RM6.6 million while at the Company level was approximately RM9.2 million.

7.0 APPROVALS REQUIRED

The approval to dispose the Sale Shares was obtained as part of the shareholders' mandate for the disposal up to 56,671,000 ordinary shares of RM1.00 each in IJM, which was approved on 30 September 2013.

8.0 DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS

None of the Directors and/or Substantial Shareholders of the Company or persons connected to them has any interest, direct or indirect, in the Disposal.

9.0 PERCENTAGE RATIO

The highest percentage ratio applicable to the transaction pursuant to paragraph 10.02 (g) of the MMLR is 16.3%. On aggregate, the highest percentage ratio applicable to the transaction pursuant to paragraph 10.02 (g) of the MMLR is 54.3%.

The summary of the disposals of IJM shares, was as follows:

Date of announcement

No. of IJM shares

Remarks

25 June 2013

2,800,000

-

25 June 2013

800,400

-

1 July 2013

3,692,000

-

16 July 2013

1,336,600

-

Subtotal

8,629,000

Disposals did not require shareholders' approval

This announcement

4,031,000


Subtotal

4,031,000


Grand Total

12,660,000

 

10.0 STATEMENT BY BOARD OF DIRECTORS

The Board of Directors of ZB, after due consideration of all aspects of the Disposal, are of the opinion that the Disposal is in the best interest of ZB.

This announcement is dated 8 October 2013.

 



GENP - 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 NameGENTING PLANTATIONS BERHAD  
Stock Name GENP  
Date Announced8 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoGP-131008-64D1E

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 incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF 50 SEN EACH
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD
LEVEL 42, MENARA CITIBANK,
165 JALAN AMPANG,
50450 KUALA LUMPUR [Acquisition (i)]

CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FD BD (AMUNDI)
LEVEL 42, MENARA CITIBANK,
165 JALAN AMPANG,
50450 KUALA LUMPUR [Acquisition (ii)]

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/10/2013
25,700
 
Acquired03/10/2013
39,400
 

Circumstances by reason of which change has occurredACQUISITIONS
Nature of interestDIRECT
Direct (units) 
Direct (%)15.679 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change118,960,700
Date of notice04/10/2013

Remarks :
Form 29B dated 4 October 2013 was received on 8 October 2013.


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