October 25, 2013

Company announcements: MTEAM, YOKO, LSTEEL, AKNIGHT

MTEAM - OTHERS MAJOR TEAM HOLDINGS BERHAD (“MTHB” OR “COMPANY”) VOLUNTARY WITHDRAWAL OF THE LISTING OF MTHB FROM THE OFFICAL LIST OF THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) (“DE-LISTING”)

Announcement Type: General Announcement
Company NameMAJOR TEAM HOLDINGS BERHAD  
Stock Name MTEAM  
Date Announced25 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131025-7E688

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

VOLUNTARY WITHDRAWAL OF THE LISTING OF MTHB FROM THE OFFICAL LIST OF THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) (“DE-LISTING”)
This announcement is dated 25 October 2013.
Reference is made to the circular to shareholders dated 21 August 2013 in relation to the De-Listing and the offer document dated 3 October 2013 in relation to the conditional take-over offer by AmInvestment Bank Berhad (“AmInvestment Bank”) on behalf of Madam Kong See Kuan, Excellent Avenue (M) Sdn Bhd and Ample Potential Sdn Bhd (collectively, “Joint Offerors”) to acquire all the voting shares of RM1.00 each in MTHB (“MTHB Shares”) not already held by the Joint Offerors (“Exit Offer”).

The Board of Directors of MTHB wishes to announce that Bursa Securities had, vide its letter dated 25 October 2013, granted its approval for the Company’s application for the De-Listing. In this regard, the trading in MTHB Shares will be suspended upon the expiry of the five (5) market days:-

(a) from the close of the Exit Offer; or

(b) upon achieving 90% or more of the listed shares (excluding treasury shares) being held by a shareholder either singly or jointly with associate of the said shareholder pursuant to paragraph 9.19(48) of the Main Market Listing Requirements of Bursa Securities,

whichever is earlier.

In addition, the De-Listing of MTHB will take place after Bursa Securities’ receipt of the following documents:

(a) Confirmation from AmInvestment Bank that all conditions, including conditions imposed by the relevant authorities which are required to be met prior to the De-Listing have been met;
    (b) Confirmation from AmInvestment Bank that there are no circumstances or facts which have the effect of preventing or prohibiting the De-Listing including any order, injunction or any other directive issued by any court of law; and

    (c) Confirmation from AmInvestment Bank that the Exit Offer in conjunction with MTHB’s voluntary withdrawal application including the settlement of the consideration of the Exit Offer to the accepting holders has been completed.


    MTEAM - OTHERS MAJOR TEAM HOLDINGS BERHAD (“MTHB” OR “COMPANY”) UNCONDITIONAL 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 Announced25 Oct 2013  
    CategoryGeneral Announcement
    Reference NoCC-131025-84360

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

    UNCONDITIONAL 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 25 October 2013.
    We refer to the offer document dated 3 October 2013 (“Offer Document”) 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 Exit Offer has become unconditional on 25 October 2013 following the approval of Bursa Malaysia Securities Berhad (“Bursa Securities”), vide its letter dated 25 October 2013, for the withdrawal of the listing of MTHB from the Official List of the Main Market of Bursa Securities.

    In accordance with the Offer Document, the Exit Offer shall remain open for acceptances up to 5.00 p.m (Malaysian time) on Thursday, 31 October 2013, being the first closing date of the Exit Offer, unless revised or extended in accordance with the Malaysian Code on Take-Overs and Mergers 2010 or such later date(s) as the Joint Offerors may decide and announced by AmInvestment Bank Berhad, on behalf of the Joint Offerors, at least two (2) days before the closing date.

    A copy of the notice is attached.

    Attachments

    MTHB_Press release.pdf
    50 KB



    YOKO - Changes in Director's Interest (S135) - Timothy Yong Wei Hsien

    Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Company NameYOKOHAMA INDUSTRIES BERHAD  
    Stock Name YOKO  
    Date Announced25 Oct 2013  
    CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Reference NoCC-131023-45273

    Information Compiled By KLSE

    Particulars of Director

    NameTimothy Yong Wei Hsien
    Address100 Clemenceau Avenue North
    #03-101 Singapore 229491
    Descriptions(Class & nominal value)Ordinary Shares or RM0-50 each

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transaction
    Date of change
    No of securities
    Price Transacted (RM)
    Disposed
    16/10/2013
    394,300
     
    Acquired
    16/10/2013
    394,300
     

    Circumstances by reason of which change has occurredSpei Holdings Private Limited ("Spei") disposed of its entire interest in the Company to HSG Investment Pte Ltd ("HSGI").

    Mr Timothy Yong Wei Hsien's deemed interest in the Company, by virtue of his shareholding in Spei, which in turn is a substantial shareholder of Hup Soon Global Corporation Limited, of which HSGI is a wholly owned subsidiary, remains unchanged.
    Nature of interestDeemed Interst
    Consideration (if any) 

    Total no of securities after change

    Direct (units) 
    Direct (%) 
    Indirect/deemed interest (units)53,025,118 
    Indirect/deemed interest (%) 
    Date of notice18/10/2013

    Remarks :
    The Secretary of the Company received the Notice pursuant to Section 135 of the Companies Act, 1965 of Mr Timothy Yong Wei Hsien dated 18 October 2013 today, 25 October 2013.


    LSTEEL - OTHERS ACQUISITION BY LEADER STEEL SDN BHD (“LSSB”), A WHOLLY OWNED SUBSIDIARY OF LEADER STEEL HOLDINGS BERHAD (“LSTEEL” OR THE “COMPANY”) FROM EONMETALL SYSTEMS SDN BHD (“ESSB”), OF A PARCEL OF INDUSTRIAL LAND TOGETHER WITH AN ALMOST COMPLETED SINGLE-STOREY DETACHED FACTORY WITH AN OFFICE ERECTED THEREON HELD UNDER TITLE NO. GRN 77765, LOT NO. 1596, MUKIM 12, DAERAH SEBERANG PERAI SELATAN, PULAU PINANG (“THE PROPERTY”), FOR A CASH CONSIDERATION OF RM12,100,000.00 (“ACQUISITION”)

    Announcement Type: General Announcement
    Company NameLEADER STEEL HOLDINGS BERHAD  
    Stock Name LSTEEL  
    Date Announced25 Oct 2013  
    CategoryGeneral Announcement
    Reference NoCC-131025-A8026

    TypeAnnouncement
    SubjectOTHERS
    DescriptionACQUISITION BY LEADER STEEL SDN BHD (“LSSB”), A WHOLLY OWNED SUBSIDIARY OF LEADER STEEL HOLDINGS BERHAD (“LSTEEL” OR THE “COMPANY”) FROM EONMETALL SYSTEMS SDN BHD (“ESSB”), OF A PARCEL OF INDUSTRIAL LAND TOGETHER WITH AN ALMOST COMPLETED SINGLE-STOREY DETACHED FACTORY WITH AN OFFICE ERECTED THEREON HELD UNDER TITLE NO. GRN 77765, LOT NO. 1596, MUKIM 12, DAERAH SEBERANG PERAI SELATAN, PULAU PINANG (“THE PROPERTY”), FOR A CASH CONSIDERATION OF RM12,100,000.00 (“ACQUISITION”)

    (Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the Company’s announcements in relation to the Acquisition dated 6 September 2012, 14 September 2012, 5 April 2013 and 18 July 2013.)

    The Board of Directors of the Company wishes to announce that its wholly owned subsidiary LSSB had on 25 October 2013, reached an understanding with ESSB, to further extend the Extended Completion Period for the Acquisition by an additional one (1) month commencing from the Extended Completion Date of 28 October 2013 to 27 November 2013, subject to the Company paying an interest at the rate of 6% per annum on the unpaid balance purchase price calculated on a daily basis.

    However, where ESSB takes more than fourteen (14) business days from the date of request by the Company’s Solicitors to deliver the redemption statement and letter of undertaking to the Company’s Solicitors and / or where ESSB takes more than fourteen (14) business days from the date of receipt of the redemption amount to deliver to the Company or the Company’s Solicitors the Issue Document of Title, duly executed discharge of charge and all other relevant documents, the Company shall be entitled to such extension of time which corresponds with any delay in time on the part of ESSB in delivering the above said documents free of interest.

    This announcement is dated 25 October 2013.



    AKNIGHT - GENERAL MEETINGS: OUTCOME OF MEETING

    Announcement Type: General Meetings
    Company NameASIA KNIGHT BERHAD  
    Stock Name AKNIGHT  
    Date Announced25 Oct 2013  
    CategoryGeneral Meetings
    Reference NoCT-131025-64FFA

    Type of MeetingEGM
    IndicatorOutcome of Meeting
    Date of Meeting25/10/2013
    Time10:00 AM
    VenueRoyal Selangor Yacht Club, Jalan Limbongan, 42000 Port
    Klang, Selangor Darul Ehsan
    Outcome of Meeting
    Our announcement on the Notice of Extraordinary General
    Meeting (EGM) of Asia Knight Berhad submitted through
    Bursa Malaysia on 1 October 2013 refers.

    The Board of Directors would like to announce that the
    Special Resolution as set out in the Notice of the EGM
    was passed by the shareholders at the EGM held today.


    AKNIGHT - GENERAL MEETINGS: OUTCOME OF MEETING

    Announcement Type: General Meetings
    Company NameASIA KNIGHT BERHAD  
    Stock Name AKNIGHT  
    Date Announced25 Oct 2013  
    CategoryGeneral Meetings
    Reference NoCT-131025-64241

    Type of MeetingEGM
    IndicatorOutcome of Meeting
    Date of Meeting25/10/2013
    Time10:20 AM
    VenueRoyal Selangor Yacht Club, Jalan Limbongan, 42000 Port
    Klang, Selangor Darul Ehsan
    Outcome of Meeting
    Our announcement on the Notice of Extraordinary General
    Meeting (EGM) of Asia Knight Berhad submitted through
    Bursa Malaysia on 1 October 2013 refers.

    The Board of Directors would like to announce that the
    Ordinary Resolution as set out in the Notice of the EGM
    was passed by the shareholders at the EGM held today.


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