November 28, 2013

Company announcements: ANCOM, TONGHER, TAANN

ANCOM - Changes in Director's Interest (S135) - Dato' (Dr) Siew Ka Wei

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameANCOM BERHAD  
Stock Name ANCOM  
Date Announced28 Nov 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoAA-131128-50624

Information Compiled By KLSE

Particulars of Director

NameDato' (Dr) Siew Ka Wei
AddressNo. 3 Lorong Nusa 2
Taman Duta
50480 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
26/11/2013
48,000
 
Acquired
27/11/2013
17,600
 

Circumstances by reason of which change has occurredPurchase in the open market
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)18,173,365 
Direct (%)8.4 
Indirect/deemed interest (units)20,611,748 
Indirect/deemed interest (%)9.53 
Date of notice28/11/2013


ANCOM - Changes in Sub. S-hldr's Int. (29B) - Dato' (Dr) Siew Ka Wei

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameANCOM BERHAD  
Stock Name ANCOM  
Date Announced28 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAA-131128-51475

Particulars of substantial Securities Holder

NameDato' (Dr) Siew Ka Wei
AddressNo. 3 Lorong Nusa 2
Taman Duta
50480 Kuala Lumpur
NRIC/Passport No/Company No.551219-71-5125
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderSame as above

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/11/2013
48,000
 
Acquired27/11/2013
17,600
 

Circumstances by reason of which change has occurredPurchase in the open market
Nature of interestDirect
Direct (units)18,173,365 
Direct (%)8.4 
Indirect/deemed interest (units)20,611,748 
Indirect/deemed interest (%)9.53 
Total no of securities after change38,785,113
Date of notice28/11/2013


TONGHER - OTHERS Additional Investment in Fuco International Ltd.

Announcement Type: General Announcement
Company NameTONG HERR RESOURCES BERHAD  
Stock Name TONGHER  
Date Announced28 Nov 2013  
CategoryGeneral Announcement
Reference NoCA-131128-41783

TypeAnnouncement
SubjectOTHERS
DescriptionAdditional Investment in Fuco International Ltd.

Introduction

The Board of Directors (“Board”) of Tong Herr Resources Berhad (“THRB” or “the Company”) wishes to announce that the Company had on 28 November 2013 further subscribed for an additional 5,464 ordinary shares of USD1,080 each in Fuco International Ltd. (“Fuco”) (“the Subscription”) for a cash consideration of USD5,901,120 (equivalent to RM19,042,914). The Subscription has resulted in the dilution of equity interest of THRB in Fuco from 37.04% to 35.53%.

The Subscription is sourced from THRB’s own internally generated fund. 

Information on Fuco

Fuco was incorporated under the British Virgin Islands Business Companies Act, 2004 on 4 February 2008 as a company limited by shares. After the Subscription, the authorised and paid up share capital of Fuco stands at USD72,900,000 comprising of 67,500 ordinary shares of USD1,080 each.

The principal activity of Fuco is investment holding company. Fuco has two subsidiaries namely Fuco Steel Corporation Ltd.(“Fuco Steel”) and Fuco Trading Ltd. (“Fuco Trading”). Fuco Steel  was incorporated in Vietnam and principally involved in the manufacturing of steel billets whilst Fuco Trading was  incorporated in British Virgin Islands (“BVI”) and acted as trading arm of Fuco Steel. (collectively known as “Fuco Group”) 

Rationale

After commencement of operations at the beginning of this year, Fuco  Group operated under a high gearing environment as most of its working capital is funded by external borrowings. The additional capital injection will facilitate efficient cash flow management and improve shareholders’ value through reduction of high borrowing costs.

The initial investment of THRB in Fuco was 18,518 shares at USD1,080 each amounting to USD19,999,440 (equivalent to RM65,687,000) which represented 37.04% of equity shareholding. After the Subscription, the total investment in Fuco by THRB now stands at USD 25,900,560 (equivalent to RM84,729,914). The Board is of the opinion that the Subscription is deemed adequate based on the current financial position of the THRB Group, after considering the investment risk by adopting prudent investment.  

Prospects

The prospects of Fuco Group which involves the establishment of the business of steel billet manufacturing in Vietnam will be largely dependent on the prospects of the steel industry in Vietnam and also the global economy.

Based on the Bloomberg news “Vietnam Economic Growth Quickens as Investment Aids Exports” on 27 June 2013, Vietnam’s economic growth accelerated in the second quarter after the central bank cut interest rates to revive lending to businesses and rising foreign investment boosted the nation’s exports.

Accordingly, the Board believes that the Subscription will improve the competitiveness of Fuco Group in the steel industry which in turn will enhance its long term value and profitability to the THRB Group.

Risks  

The Board does not foresee any material risk pursuant to the Subscription except for the following::-

(a)  Business inherent risk within the steel making industry;

(b) Foreign exchange risk in view of Fuco Group, operating in the BVI and Vietnam respectively. 

Financial Effects

The Subscription will not have any material effect on the net assets per share, earnings per share and gearing of THRB for the financial year ending 31 December 2013. 

The Subscription also has no effect on the share capital and substantial shareholders’ shareholding of THRB.

Approval Required 

The Subscription is not subject to the approval of the shareholders of THRB or any other relevant authorities.

 Statement by the Board of Directors  

The Board of Directors of THRB is of the opinion that the Subscription is in the best interest of THRB Group.

 This announcement is dated 28 November 2013. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



TAANN - 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 NameTA ANN HOLDINGS BERHAD  
Stock Name TAANN  
Date Announced28 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-131128-5C921

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.
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board
Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (HDBS)
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (AM INV)
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (MAYBAN)
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (PHEIM)
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (CIMB PRI)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed21/11/2013
115,100
 
Acquired21/11/2013
86,300
 

Circumstances by reason of which change has occurredDisposal of shares by Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board and acquisition of shares by Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (AM INV)
Nature of interestDirect Interest
Direct (units)35,030,022 
Direct (%)9.454 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change35,030,022
Date of notice22/11/2013

Remarks :
Form 29B dated 22.11.2013 was received on 28.11.2013.
Citigroup Nominees (Tempatan) Sdn. Bhd. Empoyees Provident Fund Board is the registered holder of 23,230,682 ordinary share
Employes Provident Fund Board is the registered holder of 864,000 ordinary shares
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (HDBS) is the registered holder of 3,288,560 ordinary shares
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (AM INV) is the registered holder of 152,000 ordinary shares
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (MAYBAN) is the registered holder of 2,060,000 ordinary shares
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (PHEIM) is the registered holder of 720,200 ordinary shares
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (CIMB PRI) is the registered holder of 4,714,580 ordinary shares


TAANN - 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 NameTA ANN HOLDINGS BERHAD  
Stock Name TAANN  
Date Announced28 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-131128-BBB09

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.
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board
Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (HDBS)
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (AM INV)
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (MAYBAN)
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (PHEIM)
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (CIMB PRI)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/11/2013
85,000
 

Circumstances by reason of which change has occurredDisposal of shares by Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (MAYBAN)
Nature of interestDirect Interest
Direct (units)34,945,022 
Direct (%)9.431 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change34,945,022
Date of notice26/11/2013

Remarks :
Form 29B dated 26.11.2013 was received on 28.11.2013.
Citigroup Nominees (Tempatan) Sdn. Bhd. Empoyees Provident Fund Board is the registered holder of 23,230,682 ordinary share
Employes Provident Fund Board is the registered holder of 864,000 ordinary shares
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (HDBS) is the registered holder of 3,288,560 ordinary shares
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (AM INV) is the registered holder of 152,000 ordinary shares
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (MAYBAN) is the registered holder of 1,975,000 ordinary shares
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (PHEIM) is the registered holder of 720,200 ordinary shares
Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board (CIMB PRI) is the registered holder of 4,714,580 ordinary shares


TAANN - Changes in Director's Interest (S135) - Dato Wong Kuo Hea

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTA ANN HOLDINGS BERHAD  
Stock Name TAANN  
Date Announced28 Nov 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-131128-FE00A

Information Compiled By KLSE

Particulars of Director

NameDato Wong Kuo Hea
AddressT Park, Block H3-2, Lorong Sena 2, 96000 Sibu, Sarawak.
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
27/11/2013
600
4.090 
Acquired
27/11/2013
7,200
4.080 
Acquired
27/11/2013
13,200
4.070 
Acquired
27/11/2013
200
4.060 
Acquired
27/11/2013
10,800
4.050 

Circumstances by reason of which change has occurredDeemed interested by virtue of his and his spouse's substantial shareholdings in Mountex Satu Sdn. Bhd.
Nature of interestIndirect interest
Consideration (if any) 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)3,445,579 
Indirect/deemed interest (%)0.9298 
Date of notice28/11/2013

Remarks :
This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealings outside closed period. The above acquisition represents 0.0086% the issued ordinary shares of the Company.


TAANN - Changes in Director's Interest (S135) - Datuk Amar Abdul Hamed Bin Haji Sepawi

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTA ANN HOLDINGS BERHAD  
Stock Name TAANN  
Date Announced28 Nov 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-131128-FE015

Information Compiled By KLSE

Particulars of Director

NameDatuk Amar Abdul Hamed Bin Haji Sepawi
Address9, Luak Bay, 98000 Miri, Sarawak.
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
27/11/2013
600
4.090 
Acquired
27/11/2013
7,200
4.080 
Acquired
27/11/2013
13,200
4.070 
Acquired
27/11/2013
200
4.060 
Acquired
27/11/2013
10,800
4.050 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial shareholdings in Mountex Satu Sdn. Bhd.
Nature of interestIndirect interest
Consideration (if any) 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)3,445,579 
Indirect/deemed interest (%)0.9298 
Date of notice28/11/2013

Remarks :
This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealings outside closed period. The above acquisition represents 0.0086% of the issued ordinary shares of the Company.


TAANN - Changes in Sub. S-hldr's Int. (29B) - Dato Wong Kuo Hea

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTA ANN HOLDINGS BERHAD  
Stock Name TAANN  
Date Announced28 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-131128-FE009

Particulars of substantial Securities Holder

NameDato Wong Kuo Hea
AddressT Park, Block H3-2, Lorong Sena 2, 96000 Sibu, Sarawak.
NRIC/Passport No/Company No.511117-13-5553
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderMountex Satu Sdn. Bhd. No. 6, Jalan Rawang, 96000 Sibu, Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired27/11/2013
600
4.090 
Acquired27/11/2013
7,200
4.080 
Acquired27/11/2013
13,200
4.070 
Acquired27/11/2013
200
4.060 
Acquired27/11/2013
10,800
4.050 

Circumstances by reason of which change has occurredDeemed interested by virtue of his and his spouse's substantial shareholdings in Mountex Satu Sdn. Bhd.
Nature of interestIndirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)3,445,579 
Indirect/deemed interest (%)0.9298 
Total no of securities after change3,445,579
Date of notice28/11/2013


TAANN - Changes in Sub. S-hldr's Int. (29B) - Upaya Rajang Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTA ANN HOLDINGS BERHAD  
Stock Name TAANN  
Date Announced28 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-131128-FE005

Particulars of substantial Securities Holder

NameUpaya Rajang Sdn. Bhd.
AddressNo. 12, Jalan Kai Peng, 96000 Sibu, Sarawak.
NRIC/Passport No/Company No.129988-X
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderMountex Satu Sdn. Bhd. No. 6, Jalan Rawang, 96000 Sibu, Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired27/11/2013
600
4.090 
Acquired27/11/2013
7,200
4.080 
Acquired27/11/2013
13,200
4.070 
Acquired27/11/2013
200
4.060 
Acquired27/11/2013
10,800
4.050 

Circumstances by reason of which change has occurredDeemed interested by virtue of its substantial shareholdings in Mountex Satu Sdn. Bhd.
Nature of interestIndirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)3,445,579 
Indirect/deemed interest (%)0.9298 
Total no of securities after change3,445,579
Date of notice28/11/2013


TAANN - Changes in Sub. S-hldr's Int. (29B) - Datuk Wahab Bin Hj Dolah

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTA ANN HOLDINGS BERHAD  
Stock Name TAANN  
Date Announced28 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-131128-FDFFB

Particulars of substantial Securities Holder

NameDatuk Wahab Bin Hj Dolah
AddressNo. 44, Rodway Road, 93000 Kuching, Sarawak.
NRIC/Passport No/Company No.501115-13-5171
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderMountex Satu Sdn. Bhd. No. 6, Jalan Rawang, 96000 Sibu, Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired27/11/2013
600
4.090 
Acquired27/11/2013
7,200
4.080 
Acquired27/11/2013
13,200
4.070 
Acquired27/11/2013
200
4.060 
Acquired27/11/2013
10,800
4.050 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial shareholdings in Mountex Satu Sdn. Bhd.
Nature of interestIndirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)3,445,579 
Indirect/deemed interest (%)0.9298 
Total no of securities after change3,445,579
Date of notice28/11/2013


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