October 30, 2013

Company announcements: SYMLIFE, KUCHAI, ZELAN, KLUANG, SBAGAN, GAB, TADMAX, PAOS

SYMLIFE - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Mohamed Azman bin Yahya

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSYMPHONY LIFE BERHAD  
Stock Name SYMLIFE  
Date Announced30 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSL-131025-11A0D

Particulars of substantial Securities Holder

NameTan Sri Mohamed Azman bin Yahya
AddressNo. 1, Jalan Setiabakti 2
Damansara Heights
50490 Kuala Lumpur
NRIC/Passport No/Company No.640108-03-5797
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holder1. Tan Sri Mohamed Azman bin Yahya of No. 1, Jalan Setiabakti 2, Damansara Heights, 50490 Kuala Lumpur
2. Gajahrimau Capital Sdn. Bhd. of Level 1, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others30/10/2013
3,280,000
 

Description of other type of transactionDividend-in-Specie
Circumstances by reason of which change has occurredDistribution of share dividend on the basis of one (1) treasury share for every twenty (20) ordinary shares of RM1.00 each held in the Company.
Nature of interestDirect and Deemed Interest
Direct (units)8,715,000 
Direct (%)2.81 
Indirect/deemed interest (units)60,165,000 
Indirect/deemed interest (%)19.43 
Total no of securities after change68,880,000
Date of notice30/10/2013

Remarks :
The shareholdings after the change are as follows:-

Direct Interest:-
Tan Sri Mohamed Azman bin Yahya - 8,715,000 (2.81%)

Deemed Interest:-
Gajahrimau Capital Sdn. Bhd. - 60,165,000 (19.43%)


KUCHAI - KUCHAI - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NameKUCHAI DEVELOPMENT BERHAD  
Stock Name KUCHAI  
Date Announced30 Oct 2013  
CategoryListing Circular
Reference NoRN-131030-39339

LISTING'S CIRCULAR NO. L/Q : 69097 OF 2013


    Final Dividend of 0.2% less 25% income tax and Bonus Dividend of 2.3% less 25% income tax.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 4 December 2013 ]

    2) The last date of lodgement : [ 6 December 2013 ]

    3) Date Payable : [ 26 December 2013 ]


ZELAN - OTHERS DISPOSAL OF 7,113,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

Announcement Type: General Announcement
Company NameZELAN BERHAD  
Stock Name ZELAN  
Date Announced30 Oct 2013  
CategoryGeneral Announcement
Reference NoZZ-131030-44306

TypeAnnouncement
SubjectOTHERS
DescriptionDISPOSAL OF 7,113,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

ZELAN BERHAD (“ZB” or the “Company”)

 

DISPOSAL OF 7,113,000 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 disposal of 56,671,000 ordinary 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 29 October 2013 disposed of 7,113,000 ordinary shares of RM1.00 each in IJM, whereby the disposal of 6,813,000 ordinary shares were made via a Direct Business Transaction at an average disposal price of RM5.827 per share, while 300,000 ordinary shares via an open market (the “Sale Shares”) at an average disposal price of RM5.8266 per share for a total consideration of RM41,380,613.63 (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 RM1,408,375,977.00.

 

2.2 Information on the Sale Shares

 

The Sale Shares comprise of 7,113,000 ordinary shares of RM1.00 each representing approximately 0.505% of the total issued and paid-up capital of IJM.

 

2.3 The cash consideration of RM41,380,613.63 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 29 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 RM11.9 million while at the Company level was approximately RM16.5 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 29.0%. On aggregate, the highest percentage ratio applicable to the transaction pursuant to paragraph 10.02 (g) of the MMLR is 187.7%.


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

 

11 October 2013

3,680,000

 

14 October 2013

2,608,000

 

18 October 2013

4,080,000

 

23 October 2013

7,987,000

 

25 October 2013

4,200,000

 

This announcement

7,113,000

 

Subtotal

36,884,000


Grand Total

45,513,000

 

 

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 30 October 2013.



KLUANG - KLUANG - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NameKLUANG RUBBER COMPANY (MALAYA) BERHAD  
Stock Name KLUANG  
Date Announced30 Oct 2013  
CategoryListing Circular
Reference NoRN-131030-39451

LISTING'S CIRCULAR NO. L/Q : 69096 OF 2013


    Final Dividend of 1% less 25% income tax.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 4 December 2013 ]

    2) The last date of lodgement : [ 6 December 2013 ]

    3) Date Payable : [ 26 December 2013 ]


SBAGAN - SBAGAN - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NameSUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD  
Stock Name SBAGAN  
Date Announced30 Oct 2013  
CategoryListing Circular
Reference NoRN-131030-39549

LISTING'S CIRCULAR NO. L/Q : 69100 OF 2013


    Final Dividend of 2% less 25% income tax and Bonus Dividend of 0.5% less 25% income tax.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 4 December 2013 ]

    2) The last date of lodgement : [ 6 December 2013 ]

    3) Date Payable : [ 26 December 2013 ]


GAB - GAB - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NameGUINNESS ANCHOR BERHAD  
Stock Name GAB  
Date Announced30 Oct 2013  
CategoryListing Circular
Reference NoRN-131030-39073

LISTING'S CIRCULAR NO. L/Q : 69095 OF 2013


    Final single tier dividend of 48.5 sen per 50 sen stock unit.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 4 December 2013 ]

    2) The last date of lodgement : [ 6 December 2013 ]

    3) Date Payable : [ 27 December 2013 ]


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

Announcement Type: General Announcement
Company NameTADMAX RESOURCES BERHAD  
Stock Name TADMAX  
Date Announced30 Oct 2013  
CategoryGeneral Announcement
Reference NoTR-131030-48470

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionTADMAX RESOURCES BERHAD ("TADMAX")

- PROPOSED SALE OF 45% OF THE TOTAL ISSUED AND PAID UP SHARE CAPITAL OF WIJAYA BARU SDN BHD BY TADMAX TO JUSTIN ADRIAN FOR A TOTAL SALE CONSIDERATION OF RM20,000,000 ("PROPOSED SALE OF SHARES")

The Board of Directors of Tadmax wishes to announce that Tadmax has on 30 October 2013 entered into a Share Sale Agreement ("SSA") in relation to the Proposed sale of 45% of the total issued and paid up share capital of Wijaya Baru Sdn Bhd by Tadmax to Justin Adrian for a total sale consideration of RM20,000,000 and details of the announcement are attached herein.

This announcement is dated 30 October 2013.



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

Announcement Type: General Announcement
Company NameTADMAX RESOURCES BERHAD  
Stock Name TADMAX  
Date Announced30 Oct 2013  
CategoryGeneral Announcement
Reference NoTR-131030-48055

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionTADMAX RESOURCES BERHAD ("TADMAX")

- PROPOSED ACQUISITION OF 23,002 ORDINARY SHARES OF RM1 EACH COMPRISING OF 100% OF THE TOTAL ISSUED AND PAID UP SHARE CAPITAL OF ARUS GLOBAL SDN BHD FROM WIJAYA BARU SDN BHD ("PROPOSED ACQUISITION OF SHARES")

Further to Tadmax's announcements on 29 April 2013 and 3 May 2013, the Board of Directors of Tadmax wishes to announce that Tadmax has on 30 October 2013 entered into a supplemental agreement in relation to the Proposed Acquisition of Shares, and details of the announcement are attached herein.

This announcement is dated 30 October 2013.



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

Announcement Type: General Announcement
Company NameTADMAX RESOURCES BERHAD  
Stock Name TADMAX  
Date Announced30 Oct 2013  
CategoryGeneral Announcement
Reference NoTR-131030-46696

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionTADMAX RESOURCES BERHAD ("TADMAX")

- PROPOSED SALE OF 100% OF THE TOTAL ISSUED AND PAID UP SHARE CAPITAL OF CHONGQING LIANGSHAN WIJAYA FOOD LIMITED BY TADMAX TO JUSTIN ADRIAN FOR A TOTAL SALE CONSIDERATION OF RM20,000,000 ("PROPOSED SALE OF SHARES")

Further to Tadmax's announcements on 29 April 2013 and 3 May 2013, the Board of Directors of Tadmax wishes to announce that Tadmax has on 30 October 2013 entered into a supplemental agreement in relation to the Proposed Sale of Shares, and details of the announcement are attached herein.

This announcement is dated 30 October 2013.



PAOS - PAOS - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NamePAOS HOLDINGS BERHAD  
Stock Name PAOS  
Date Announced30 Oct 2013  
CategoryListing Circular
Reference NoRN-131030-38879

LISTING'S CIRCULAR NO. L/Q : 69098 OF 2013


    INTERIM TAX EXEMPT DIVIDEND OF 1.25 SEN PER ORDINARY SHARE OF RM0.50 EACH.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 13 November 2013 ]

    2) The last date of lodgement : [ 15 November 2013 ]

    3) Date Payable : [ 29 November 2013 ]


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