OVERSEA - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
| Company Name | OVERSEA ENTERPRISE BERHAD (ACE Market) |
| Stock Name | OVERSEA |
| Date Announced | 2 Oct 2013 |
| Category | General Announcement |
| Reference No | CK-131002-76D9C |
| Admission Sponsor | RHB Investment Bank Bhd |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | Oversea Enterprise Berhad (“Oversea”) Subscription of 301 ordinary shares of A$1.00 each representing 30.1% equity interest in Burger Foundry Australia Pty Ltd. ("BFA") for a total cash consideration of A$300,000 (“Proposed Subscription”) |
The Board of Directors of Oversea is pleased to announce that Restoran Oversea JV (International) Sdn Bhd, a wholly-owned subsidiary of Oversea had on 1 October 2013 subscribed for 301 ordinary shares of A$1.00 each representing 30.1% equity interest in BFA for a total cash consideration of A$300,000.00. Details of the Proposed Subscription is attached below. This announcement is dated 2 October 2013. | |
FABER - MATERIAL LITIGATION
Announcement Type: General Announcement
| Company Name | FABER GROUP BERHAD |
| Stock Name | FABER |
| Date Announced | 2 Oct 2013 |
| Category | General Announcement |
| Reference No | FG-131002-052D5 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | FABER GROUP BERHAD ("FGB" or "the Company") KUALA LUMPUR HIGH COURT SUIT NO. 22NCC-517-08/2013 SSP MEDICAL TECHNOLOGIES SDN BHD AGAINST FABER MEDI-SERVE SDN BHD AND HEALTHTRONICS (M) SDN BHD |
We refer to our announcements on 6 September 2013, 9 September 2013 (amended), 10 September 2013 and 1 October 2013 in relation to the above matter. We wish to announce that we have been informed today by Messrs. Cheang & Ariff ("C&A"), the solicitors for Faber Medi-Serve Sdn Bhd ("FMS"), a subsidiary of FGB, that the Statement of Claim had been served on C&A on behalf of FMS. The Company will announce further development on the above at the appropriate time. This announcement is dated 2 October 2013. | |
PANTECH - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | PANTECH GROUP HOLDINGS BERHAD |
| Stock Name | PANTECH |
| Date Announced | 2 Oct 2013 |
| Category | General Announcement |
| Reference No | CC-131002-B02F2 |
| Type | Announcement | ||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS DURING CLOSED PERIOD | ||||||||||||||||
| Description | Notification of dealing by a Principal Officer in the securities of Pantech Group Holdings Berhad ("Pantech" or "the Company") during closed period | ||||||||||||||||
Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mr Lee Liang Mong, a Principal Officer of the Company had transacted in the securities of the Company during closed period as per table below:- Date of interest disposed Type of Securities No. of securities disposed Percentage Price of securities disposed Total no of securities held after disposal Percentage of securities held after disposal Transaction 2 October 2013 ICULS 5,500 Negligible RM0.160 0 0 Disposal via open market. This announcement is dated 2 October 2013. | |||||||||||||||||
KPSCB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | KPS CONSORTIUM BERHAD |
| Stock Name | KPSCB |
| Date Announced | 2 Oct 2013 |
| Category | General Announcement |
| Reference No | KC-131002-DD912 |
| Type | Announcement | ||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||
| Description | Please 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:-
This announcement is dated 2 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 Name | KPS CONSORTIUM BERHAD |
| Stock Name | KPSCB |
| Date Announced | 2 Oct 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | KC-131002-DD91A |
Information Compiled By KLSE
Particulars of Director
| Name | Koh Poh Seng |
| Address | No.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 | 11,200 | 0.475 |
| Circumstances by reason of which change has occurred | Acquired in open market. |
| Nature of interest | |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 59,564,425 |
| Direct (%) | 40.29 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 02/10/2013 |
| Remarks : |
| This announcement is served pursuant to Paragraph 14.09 of Chapter 14 of the Main Market Listing Requirements. |
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 Name | KPS CONSORTIUM BERHAD |
| Stock Name | KPSCB |
| Date Announced | 2 Oct 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | KC-131002-DD923 |
Particulars of substantial Securities Holder
| Name | Koh Poh Seng |
| Address | No.34, Jalan Hujan Gerimis Dua, Taman Overseas Union, 58200 Kuala Lumpur |
| NRIC/Passport No/Company No. | 561105-08-6569 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 Each |
| Name & address of registered holder | Koh 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 transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 01/10/2013 | 11,200 | 0.475 |
RCECAP - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
| Company Name | RCE CAPITAL BERHAD |
| Stock Name | RCECAP |
| Date Announced | 2 Oct 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | RC-131002-407D7 |
LBALUM - OTHERS LB ALUMINIUM BERHAD Proposed Renewal of Authority For The Company To Purchase Its Own Shares
Announcement Type: General Announcement
| Company Name | LB ALUMINIUM BERHAD |
| Stock Name | LBALUM |
| Date Announced | 2 Oct 2013 |
| Category | General Announcement |
| Reference No | CK-131002-45704 |
| Type | Announcement |
| Subject | OTHERS |
| Description | LB ALUMINIUM BERHAD Proposed Renewal of Authority For The Company To Purchase Its Own Shares |
The Board of Directors of LB Aluminium Berhad ("the Company") wishes to announce that the Company will be seeking its shareholders' approval of the proposed Renewal of Authority for the Company to purchase its own shares at the forthcoming Annual General Meeting. A Statement To Shareholders in respect to the Proposed Renewal of Authority of the Company will be despatched to the shareholders in due course. This announcement is dated 2 October 2013 | |
BRAHIMS - Notice of Interest Sub. S-hldr (29A) - Koperasi Permodalan FELDA Malaysia Berhad
Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
| Company Name | BRAHIM'S HOLDINGS BERHAD |
| Stock Name | BRAHIMS |
| Date Announced | 2 Oct 2013 |
| Category | Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965 |
| Reference No | CA-131002-50234 |
Particulars of Substantial Securities Holder
| Name | Koperasi Permodalan FELDA Malaysia Berhad |
| Address | Blok J, Anjung FELDA Jalan Maktab 54000 Kuala Lumpur |
| NRIC/Passport No/Company No. | see remarks |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | Koperasi Permodalan FELDA Malaysia Berhad Blok J, Anjung FELDA Jalan Maktab 54000 Kuala Lumpur |
| Remarks : |
| 1)The Company no. is Koop Negara No. 39 2)The Form 29A was received on 2 October 2013 |
HWGB - OTHERS ACQUISITION OF 100% EQUITY INTEREST IN REX ORIENTAL SDN BHD - Pursuant to Para 9.19 (23)
Announcement Type: General Announcement
| Company Name | HO WAH GENTING BERHAD |
| Stock Name | HWGB |
| Date Announced | 2 Oct 2013 |
| Category | General Announcement |
| Reference No | HW-130912-42392 |
| Type | Announcement |
| Subject | OTHERS |
| Description | ACQUISITION OF 100% EQUITY INTEREST IN REX ORIENTAL SDN BHD - Pursuant to Para 9.19 (23) |
1. Introduction The Board of Directors of Ho Wah Genting Berhad wishes to announce that the Company had on 2 October 2013 entered into a Share Sale and Purchase Agreement (the "Agreement") with Mr. Quek Wang and Mr. Liew Jenn Lim ("Vendors") to acquire from the Vendors the entire issued and paid-up share capital of 400,000 ordinary shares of RM1.00 each in Rex Oriental Sdn Bhd (“ROSB”) (“Sale Shares”) for a cash consideration of RM3,000,000 (“Purchase Consideration”) ("Proposed Acquisition"). Subject to the terms and conditions of the Agreement, the Vendors shall sell and the Company relying on the warranties, representations and indemnity by the Vendors shall purchase the Sale Shares free from any and all encumbrances and claims whatsoever and with all rights, benefits and advantages attaching thereto, including, but without limitation, all bonuses, rights, dividends and distributions declared made and paid as from the completion date of the Agreement. 2. Information of ROSB ROSB was incorporated on 1 August 2013 under the Companies Act, 1965. The authorised and issued and paid-up share capital of ROSB is RM400,000 comprising 400,000 ordinary shares of RM1.00 each. The shareholders of ROSB are Mr. Quek Wang and Mr. Liew Jenn Lim with each having equal shares in ROSB. The principal activity of ROSB is investment holding and it’s 70% owned subsidiary, Orient Sun Motors Sdn Bhd (“OSM”) is involved in trading in motor vehicles (“Business”) (ROSB and OSM shall collectively be referred to as the “ROSB Group”). OSM holds a franchise distributorship from Hebei Zhongxing Automobile Co Ltd, China (“ZX Auto”) allowing OSM to distribute in Malaysia all motor vehicle models manufactured by ZX Auto. Currently, OSM is focusing on the marketing of Grand Tiger pick-up truck models i.e. 2.2 L (4x2), 2.5 L (4x4) and 2.9L (4x4). The present franchise distributorship right is valid until 31 December 2013. OSM is in the in the process of having it renewed. In addition to the distributorship from ZX Auto, OSM also has the following distributorships: (ii) Shanghai Shenlong Bus Co Ltd, China for the assembly and distribution of their busses in Malaysia, India, Indonesia and Middle East. This distributorship right was obtained since November 2009. The marketing of the SUV and possibly van from Jonway are expected to commence in mid 2014 upon obtaining approvals from the relevant authorities, namely Ministry of International Trade and Industry (“MITI”) and Jabatan Pengangkutan Jalan Raya (“JPJ”). 3. The Basis in Arriving at the Purchase Consideration
The cash consideration of RM3,000,000 for the entire equity interest in ROSB will be satisfied via internally generated funds and borrowings. The cash consideration shall be satisfied in the following manner: (a) RM300,000.00 representing 10% of the Purchase Consideration has been paid by the Company to the Vendors on the date of this announcement; and (b) the balance RM2,700,000.00 representing 90% of the Purchase Consideration is to be paid by the Company to the Vendor upon completion of the Proposed Acquisition. The Purchase Consideration represents a premium of RM2,453,941 over the adjusted shareholders’ fund of ROSB Group of RM546,059 as at 30 September 2013 and is arrived at after taking into consideration, amongst others, the following factors: a) the intrinsic value of OSM such as the already established reputation in the local auto industry;4. The Prospect of ROSB Group OSM, with the distributorships mentioned above, in particular the ZX Auto’s Grand Tiger pick-up truck 2.2L (4x2) and 2.5L (4x4) models is expected to generate positive response from the Malaysian public given that these models run on Toyota Hilux Euro 4 engines, comply with the Australian Design Regulations (“ADR”), the competitive pricing strategy and the expanding network of dealers and service centres. The pick-up truck is gaining popularity in Malaysia as evidenced by robust statistics gathered by the Malaysian Automotive Association, showing that the total industry volume (“TIV”) for 2.5L and 3.0L pick-up trucks is rising steadily from 29,067 units in 2009 to 51,320 units in 2012. The TIV in the first 6 months of 2013 already achieved 25,759 units. [source: Malaysian Automotive Association, quarterly issue] The main driving factor is the market acceptance of pick-up trucks for commercial and non-commercial purposes. The permissibility in registering these models under non-commercial use has also spurred the demand for pick-up trucks.5. Rationale The rationale for the Proposed Acquisition is to provide the Company an opportunity to venture into the auto industry in Malaysia via OSM’s existing platform which could be immediately leveraged upon to gain traction in rolling out models from its Chinese automakers to generate revenue. It is well accepted in the motor industry that the next wave will come from China. With OSM, the Company has secured the distributorships of China automakers with the relevant Malaysian authorities’ approvals, thus a foothold to participate in the local auto industry with Chinese made vehicles. The Proposed Acquisition will enable the Company to diversify its earnings stream at a low entry price. The Proposed Acquisition is also expected to provide the Company an instant avenue to foster greater working relationships with the Chinese automakers, not only in terms of establishing a firm footing in Malaysia, but with the potential of penetrating neighbouring ASEAN countries via Malaysia under the ASEAN treaties viz AFTA.6. Effect of the Proposed Acquisition Upon the completion of the Proposed Acquisition, ROSB will become a wholly-owned subsidiary of the Company. The Proposed Acquistion is expected to be completed by October 2013.7. Salient Terms of the Agreement 7.1 Conditions Precedent The completion of the Agreement is subject to the following Conditions Precedent: (a) the results of the legal and financial due diligence review carried out by or on behalf of the Company on the assets and liabilities and business of the ROSB Group being satisfactory to the Company; and (b) the approvals, consents, authorisations, permits or waivers of any other authorities and any other third parties necessary or appropriate to carry out the sale and purchase of the Sale Shares pursuant to the terms of the Agreement having been obtained, if required.7.2 Breach/Termination 7.2.1 If any of the Vendors shall fail to complete the sale and purchase of the Sale Shares in accordance with the Agreement on the completion date and/or breaches any of the terms and/or warranties of the Agreement, then the Company shall be entitled to: (a) claim for specific performance of the Agreement; or 7.2.2 If the Company shall fail to complete the sale and purchase of the Sale Shares in accordance with the Agreement on the completion date and/or breaches any of the terms and/or warranties of the Agreement, then the Vendors shall be entitled to either: (a) claim for specific performance of the Agreement; or (b) terminate the Agreement and upon such termination, the Vendors shall be entitled to forfeit the deposit as liquidated damages, thereafter the Vendors shall be entitled to sell or dispose of the Sale Shares freely to any other party or parties and the stakeholder shall be authorised to return the documents held by it to the Vendors.8. Financial Effects 8.1 Issued and Paid-Up Capital and Substantial Shareholders’ ShareholdingsThe Proposed Acquisition does not have any effect on the issued and paid-up capital of the Company and also its substantial shareholders and their shareholding. 8.2 Net Assets, Gearing and Earnings 9. Directors and/or Substantial Shareholders' InterestThe Proposed Acquisition is not expected to have any material impact on the net assets, gearing and earnings of the Group for the financial year ending 31 December 2013. None of the Directors and/or substantial shareholders of the Company and/or persons connected with them, have any interest, direct or indirect, in the Proposed Acquisition.10. Approvals Required The Proposed Acquisition is not subject to the approval of shareholders.11. Statement by Directors The Board of Directors is of the opinion that the Proposed Acquisition is in the best interest of the Company. This announcement is dated 2 October 2013. | |
No comments:
Post a Comment