October 29, 2013

Company announcements: MTEAM, FFHB, EKOVEST, GADANG, BONIA, RCECAP, FITTERS, KESM, PTARAS

MTEAM - OTHERS MAJOR TEAM HOLDINGS BERHAD (“MTHB” OR “COMPANY”) CONDITIONAL TAKE-OVER OFFER (“EXIT OFFER”) FROM MADAM KONG SEE KUAN, EXCELLENT AVENUE (M) SDN BHD AND AMPLE POTENTIAL SDN BHD (COLLECTIVELY, “JOINT OFFERORS”) DISCLOSURE OF DEALINGS IN ACCORDANCE WITH SECTION 33 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010

Announcement Type: General Announcement
Company NameMAJOR TEAM HOLDINGS BERHAD  
Stock Name MTEAM  
Date Announced29 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131029-57489

TypeAnnouncement
SubjectOTHERS
DescriptionMAJOR TEAM HOLDINGS BERHAD (“MTHB” OR “COMPANY”)

CONDITIONAL TAKE-OVER OFFER (“EXIT OFFER”) FROM MADAM KONG SEE KUAN, EXCELLENT AVENUE (M) SDN BHD AND AMPLE POTENTIAL SDN BHD (COLLECTIVELY, “JOINT OFFERORS”)

DISCLOSURE OF DEALINGS IN ACCORDANCE WITH SECTION 33 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010
This announcement is dated 29 October 2013.
We refer to the offer document dated 3 October 2013 in relation to the Exit Offer.

We wish to announce that the Company had received a notification from AmInvestment Bank Berhad, on behalf of the Joint Offerors, that the Joint Offerors have dealt in MTHB Shares.

A copy of the notice is attached.


MTEAM - OTHERS MAJOR TEAM HOLDINGS BERHAD (“MTHB” OR “COMPANY”) CONDITIONAL TAKE-OVER OFFER (“EXIT OFFER”) FROM MADAM KONG SEE KUAN, EXCELLENT AVENUE (M) SDN BHD AND AMPLE POTENTIAL SDN BHD (COLLECTIVELY, “JOINT OFFERORS”)

Announcement Type: General Announcement
Company NameMAJOR TEAM HOLDINGS BERHAD  
Stock Name MTEAM  
Date Announced29 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131029-C037D

TypeAnnouncement
SubjectOTHERS
DescriptionMAJOR TEAM HOLDINGS BERHAD (“MTHB” OR “COMPANY”)

CONDITIONAL TAKE-OVER OFFER (“EXIT OFFER”) FROM MADAM KONG SEE KUAN, EXCELLENT AVENUE (M) SDN BHD AND AMPLE POTENTIAL SDN BHD (COLLECTIVELY, “JOINT OFFERORS”)
This announcement is dated 29 October 2013.
We refer to the offer document dated 3 October 2013 in relation to the Exit Offer.

We wish to announce that the Company have received a notice from AmInvestment Bank Berhad, on behalf of the Joint Offerors, notifying that the closing date and time of the Exit Offer has been extended from 5.00 p.m. (Malaysian time) on Thursday, 31 October 2013 to 5.00 p.m. (Malaysian time) on Monday, 2 December 2013.

A copy of the notice is attached.


FFHB - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)NON RELATED TRANSACTIONS

Announcement Type: General Announcement
Company NameFEDERAL FURNITURE HOLDINGS (M) BERHAD  
Stock Name FFHB  
Date Announced29 Oct 2013  
CategoryGeneral Announcement
Reference NoFF-131029-63047

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDIJ-131029-41871
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED TRANSACTIONS
DescriptionWe refer to our announcement dated 28 0ctober 2013 in relation to the above and Bursa query dated 29 October 2013. The additional information are as follows:
1. The net book value of the Properties as at the latest audited financial statements as given by the Vendor is RM1,436,919.36
2. The method of valuation adopted by the Valuer is market value which is defined as the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller
i in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion,
ii. with separate strata titles conveying freehold interests free of all encumbrances and
iii with vacant possession
3. There are no liabilities, contingent liabilities and gurantees assumed by FFI
4. The Board is reasonably confident that the Properties has the potential to appreciate in value in future in tandem with the prospect of the general property market
5. The approximate age of the Properties is 3 years
6. in the event of a default by the Vendor, FFI shall be entitled at their option either to specific performance of the contract and all reliefs flowing therefrom OR to terminate the Agrements by giving seven working days notice to the Vendor whereupon the Vendor shall refund all money paid to the Vendor and to pay FFI 10% of the purchase consideration as agreed liquidated damages.
Query Letter Contents We refer to the Company's announcement dated 28 October 2013, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

The Net Book Value of the Properties based on the latest audited financial
statements;
The method of valuation adopted by the Valuer;
The particulars of all liabilities, including contingent liabilities and
guarantees to be assumed by the Company;
The prospects of the Properties;
The approximate age of the Properties; and
The termination provision in the event of default by the Vendor.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully




HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/IJ
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)



EKOVEST - Circular/Notice to Shareholders

Announcement Type: PDF Submission
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced29 Oct 2013  
CategoryPDF Submission
Reference NoEE-131029-56168

SubjectERRATA - CIRCULAR TO SHAREHOLDERS IN RELATION TO PROPOSED IMPLEMENTATION OF THE EXTENSION TO THE DUTA-ULU KELANG EXPRESSWAY PURSUANT TO THE SUPPLEMENTAL CONCESSION AGREEMENT ENTERED INTO BETWEEN KONSORTIUM LEBUHRAYA UTARA-TIMUR (KL) SDN BHD AND THE GOVERNMENT OF MALAYSIA (“PROPOSED DUKE PHASE-2”)

Attachments

Errata[1].pdf
242 KB






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

Announcement Type: General Announcement
Company NameGADANG HOLDINGS BHD  
Stock Name GADANG  
Date Announced29 Oct 2013  
CategoryGeneral Announcement
Reference NoGH-131029-44822

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPROPOSED ACQUISITION OF 80% EQUITY INTEREST IN PT. HIDRONUSA RAWAN ENERGI

The Board of Directors of Gadang Holdings Berhad ("Gadang" or "the Company") wishes to announce that the Company's indirect wholly-owned subsidiary, Asian Utilities Pte Ltd ("AUPL"), a company incorporated in Singapore, has on 29 October 2013 entered into a Sale and Purchase of Shares Agreement ("SPSA") with Angga Panji Kesuma and Aprian Eka Rahadi (hereinafter collectively referred to as the "Sellers") to acquire from the Sellers their respective shares amounting to 6,000 shares of nominal value Indonesian Rupiah (IDR) 1,000,000 each ("Sale Shares") representing 80% of the total issued and paid-up share capital of PT Hidronusa Rawan Energi ("HRE") for a purchase consideration of IDR 10,800,000,000 (Ten billion and eight hundred million Rupiah) (equivalent to approximately RM3.06 million) ("Proposed Shares Acquisition").

Please refer to the attached file for the full details of the announcement.



BONIA - Annual Report 2013

Announcement Type: Document Receipt
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced29 Oct 2013  
CategoryDocument Receipt
Reference NoJM-131029-62963

Annual Report for Financial Year Ended30/06/2013
SubjectAnnual Report 2013


RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced29 Oct 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-131029-27474

Date of buy back29/10/2013
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)60,000
Minimum price paid for each share purchased ($$)0.270
Maximum price paid for each share purchased ($$)0.270
Total consideration paid ($$)16,319.06
Number of shares purchased retained in treasury (units)60,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)4,435,500
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 (%)0.38


FITTERS - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced29 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131028-61089

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionMEMORANDUM OF UNDERSTANDING BETWEEN FITTERS DIVERSIFIED BERHAD (“FITTERS” ) AND DELUGE FIRE PROTECTION (SEA) PTE LTD
Further to our announcement on 29 April 2013 in relation to the Memorandum of Understanding (“MOU”) entered into between FITTERS and Deluge Fire Protection (SEA) Pte Ltd ("Deluge”), the Board of Directors of FITTERS wishes to announce that the MOU has expired in accordance with the terms and conditions of the MOU and that FITTERS and Deluge have mutually agreed not to extend the MOU.
This announcement is dated 29 October, 2013.


KESM - Circular/Notice to Shareholders

Announcement Type: PDF Submission
Company NameKESM INDUSTRIES BERHAD  
Stock Name KESM  
Date Announced29 Oct 2013  
CategoryPDF Submission
Reference NoCA-131022-39870

SubjectPROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND PROPOSED NEW SHAREHOLDERS' MANDATE FOR ADDITIONAL RECURRENT RELATED PARTY TRANSACTION OF A REVENUE OR TRADING NATURE

Attachments

KESM- Circular.pdf
319 KB






PTARAS - OTHERS AWARD OF CONTRACT FOR PILING WORKS

Announcement Type: General Announcement
Company NamePINTARAS JAYA BHD  
Stock Name PTARAS  
Date Announced29 Oct 2013  
CategoryGeneral Announcement
Reference NoPJ-131029-61952

TypeAnnouncement
SubjectOTHERS
DescriptionAWARD OF CONTRACT FOR PILING WORKS

The Board of Pintaras Jaya Berhad ("PJB") is pleased to announce that the Company's wholly-owned subsidiary, Pintaras Geotechnics Sdn. Bhd. has, on 29th October 2013, received a Letter of Award dated 7th October 2013 from Tristar Acres Sdn. Bhd. to undertake piling works for a proposed mixed development project at Kg. Sg. Buah, Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan. The said works is to commence in November 2013 with a completion period of 14 months. The contract is valued at RM59 million.

The said contract is expected to contribute positively to PJB Group's future earnings.

None of the Directors or Substantial Shareholders or persons connected to the Directors or Substantial Shareholders has any interest, directly or indirectly in the said contract.



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