October 11, 2013

Company announcements: MEXTER, IDEAL, REXIT, ETITECH, AMBANK, MAYBANK, BURSA, KRETAM, ZELAN

MEXTER - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameMEXTER TECHNOLOGY BERHAD (ACE Market) 
Stock Name MEXTER  
Date Announced11 Oct 2013  
CategoryGeneral Announcement
Reference NoCA-131007-720F7

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMEXTER TECHNOLOGY BERHAD (“MEXTER” OR “COMPANY”)
• ACQUISITION OF A PROPERTY BY MEXTER (M) SDN. BHD. (“MMSB”), A WHOLLY-OWNED SUBSIDIARY OF MEXTER (THE “ACQUISITION”) AT A TOTAL CONSIDERATION OF RM900,000.00

Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcement dated October 7, 2013 in relation to the Acquisition.

Further to the announcement made on October 7, 2013, the Board of Directors of MEXTER wishes to inform/clarify the following:-

1. Age of the Property

The age of the Property is approximately 6 years.

2. Liabilities to be assumed

There are no liabilities including contingent liabilities and guarantees to be assumed by MEXTER arising from the Acquisition except for the borrowing to finance the Acquisition of the Property.

3. Settlement for the Purchase Price - the interest rate imposed and the period of payment in relation to the Completion Period

The interest rate imposed is 8% and chargeable from the expiry of the Completion Period to the date of actual full payment of the Balance Purchase Price or such part thereof as may be outstanding.

4. Prospect of the Property

Solaris Mont Kiara is a commercial shop cum office development nestled in the posh Mont Kiara area. It is designed as a self-contained urban centre where one can live, work and play. It neighbours Kiaraville, Tiffani Kiara, La Grande Kiara and The Residence. From the developer price of approximately RM420 per square feet, the commercial units in Solaris Mont’ Kiara have now appreciated at around 1.7 times of the original rate.

In terms of accessibility, Solaris Mont Kiara is easily reachable via several major highways and prime roads. It is reachable from DUKE Highway, SPRINT Highway, Penchala Link and Jalan Duta.

In view of the above, Solaris Mont Kiara is full of potential to become the commercial hub of Mont Kiara. Even though its price is currently hovering around RM700 psf, which is slightly below to those in the KL city centre, Mid Valley City and Bangsar, there is still potential for it to hike further.

(Source: http://www.propwall.my/mont_kiara/solaris_mont_kiara and http://www.starproperty.my )

Notwithstanding the above, as the Property is intended for MEXTER Group’s own use as its corporate office, the Company does not anticipate any long term earning prospect in respect of the Acquisition. Nevertheless, the Company expects the value of the Property to be enhanced in line with the appreciation in the property values in and around Mont Kiara and Kuala Lumpur.

This announcement is dated October 11, 2013.



IDEAL - Circular to Shareholders in relation to the Proposed Change of Company Auditors

Announcement Type: PDF Submission
Company NameIDEAL SUN CITY HOLDINGS BERHAD (ACE Market) 
Stock Name IDEAL  
Date Announced11 Oct 2013  
CategoryPDF Submission
Reference NoCP-131011-37122

Regularisation SponsorM&A Securities Sdn Bhd
SubjectCircular to Shareholders in relation to the Proposed Change of Company Auditors


REXIT - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameREXIT BERHAD (ACE Market) 
Stock Name REXIT  
Date Announced11 Oct 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-131011-24102

Date of buy back from27/09/2013
Date of buy back to27/09/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)201,500
Minimum price paid for each share purchased ($$)0.265
Maximum price paid for each share purchased ($$)0.270
Total amount paid for shares purchased ($$)54,242.11
The name of the stock exchange through which the shares were purchased BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units)201,500
Total number of shares retained in treasury (units)7,263,300
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies11/10/2013
Lodged by MANSEC CORPORATE CONSULTANT SDN. BHD.


ETITECH - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameETI TECH CORPORATION BERHAD  
Stock Name ETITECH  
Date Announced11 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131011-66F86

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionETI TECH CORPORATION BERHAD (“Etitech” or “the Company”)
Writ of Summons and Statement of Claims filed by Hong Leong Bank Berhad (“HLB” or “the Plaintiff”) VS ETI Tech (M) Sdn Bhd (1st Defendant) and
the Company (2nd Defendant)
Further to the announcement dated 06 June 2013, the Board of ETITECH wishes to inform that the hearing was postponed to 30 October 2013.
This announcement is dated 11 October 2013.


AMBANK - 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 NameAMMB HOLDINGS BERHAD  
Stock Name AMBANK  
Date Announced11 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAH-131011-89433

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 RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
[Disposal of 2,885,100 shares]

2. Employees Provident Fund Board

3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (AMUNDI)

4. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (MAYBAN)

5. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)
[Acquisition of 610,000 shares]

6. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB PRI)

7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ARIM)

8. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (TEMPLETON)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed08/10/2013
2,885,100
 
Acquired08/10/2013
610,000
 

Circumstances by reason of which change has occurredDisposal and acquisition of shares
Nature of interestDirect interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change398,534,137
Date of notice09/10/2013

Remarks :
This notice was received on 11 October 2013.


MAYBANK - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced11 Oct 2013  
CategoryAdditional Listing Announcement (ALA)
Reference NoMB-131011-57157

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal120,600
Issue price per share ($$)MYR 8.750
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units8,726,681,183
CurrencyMYR 8,726,681,183.000
Listing Date16/10/2013

2. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal8,900
Issue price per share ($$)MYR 8.820
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units8,726,690,083
CurrencyMYR 8,726,690,083.000
Listing Date16/10/2013

3. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal3,500
Issue price per share ($$)MYR 9.590
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units8,726,693,583
CurrencyMYR 8,726,693,583.000
Listing Date16/10/2013


MAYBANK - 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 NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced11 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMB-131011-56591

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
Name & address of registered holder1) EMPLOYEES PROVIDENT FUND BOARD
TINGKAT 19 BANGUNAN KWSP
JALAN RAJA LAUT
50350 KUALA LUMPUR

2) CITIGROUP 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)
Disposed08/10/2013
3,754,300
 

Circumstances by reason of which change has occurredSALE OF SHARES
Nature of interestDIRECT
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,052,946,039
Date of notice09/10/2013

Remarks :
1) The notice was received by Maybank Berhad on 11 October 2013.


BURSA - 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 NameBURSA MALAYSIA BERHAD  
Stock Name BURSA  
Date Announced11 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBM-131011-82EE3

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 RM0.50 each
Name & address of registered holder1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
Level 42, Menara Citibank
165, Jalan Ampang
50450 Kuala Lumpur

2. Employees Provident Fund (EPF) Board
Tingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed08/10/2013
500,000
 

Circumstances by reason of which change has occurredDisposed in open market
Nature of interestDirect
Direct (units)500,000 
Direct (%)0.09 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change40,020,694
Date of notice11/10/2013

Remarks :
40,020,694 ordinary shares of RM0.50 each represented 7.51% shareholding in Bursa Malaysia Berhad ("Bursa"):-

(a) 38,520,694 Bursa shares are held under nominees account with Citigroup Nominees (Tempatan) Sdn Bhd ("CNT") in Account No. 1; and

(b) 1,500,000 Bursa shares are held directly by EPF Board in Account No. 2.

This announcement is made based on Form 29B dated 9 October 2013 which was submitted by CNT to Bursa on 11 October 2013.


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

Announcement Type: General Announcement
Company NameKRETAM HOLDINGS BERHAD  
Stock Name KRETAM  
Date Announced11 Oct 2013  
CategoryGeneral Announcement
Reference NoKH-131011-0E31F

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionSeptember 2013 Production Figures

September 2013 Production Figures of Kretam Holdings Berhad Group:-

FFB Production
31,973 MT
CPO Production
8,134 MT
Palm Kernel Production
1,875 MT



ZELAN - OTHERS DISPOSAL OF 3,680,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

Announcement Type: General Announcement
Company NameZELAN BERHAD  
Stock Name ZELAN  
Date Announced11 Oct 2013  
CategoryGeneral Announcement
Reference NoZZ-131011-45572

TypeAnnouncement
SubjectOTHERS
DescriptionDISPOSAL OF 3,680,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

ZELAN BERHAD (“ZB” or the “Company”)


DISPOSAL OF 3,680,000 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 10 October 2013 disposed of 3,680,000 ordinary shares of RM1.00 each in IJM (the "Sale Shares") via a Direct Business Transaction at an average disposal price of RM5.77 per share for a total consideration of RM21,168,699.20 (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 3,680,000 ordinary shares of RM1.00 each representing approximately 0.2618% of the total issued and paid-up capital of IJM.


2.3 The cash consideration of RM21,168,699.20 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 10 October 2013.

 

6.0 FINANCIAL EFFECTS

 

The Disposal will not have any material financial implication and effect to the net assets 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 RM5.9 million while at the Company level was approximately RM8.3 million and this would contribute positively to the Company's earnings per share.

 

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 14.9%. On aggregate, the highest percentage ratio applicable to the transaction pursuant to paragraph 10.02 (g) of the MMLR is 82.0%.


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

8 October 2013

4,031,000


10 October 2013

3,185,000

 

This announcement

3,680,000

 

Subtotal

10,896,000


Grand Total

19,525,000

 

 

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 11 October 2013.



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