November 21, 2013

Company announcements: BENALEC, PETDAG, YTLPOWR, BGYEAR, SKPRES, TOMYPAK, BRAHIMS, UBB

BENALEC - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameBENALEC HOLDINGS BERHAD  
Stock Name BENALEC  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoCK-131121-65888

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionBenalec Holdings Berhad (“Benalec” or “the Company”)
Notice under Section 218(2)(a) of the Companies Act, 1965 issued by Citypoint Engineering Sdn. Bhd. (“CESB”) to Benalec Diversity Sdn. Bhd. (“BDSB”)

The Board of Directors of the Company wishes to announce that a Notice pursuant to Section 218(2)(a) of the Companies Act, 1965 dated 18 November 2013 (“Notice of Demand”) has been served on BDSB, a wholly-owned subsidiary of Benalec Sdn. Bhd., which in turn is a wholly-owned subsidiary of Benalec, on 19 November 2013 by Messrs. Chin Yeow Chong & Co., Advocates & Solicitors acting for CESB, demanding payment of RM18,804,281.86 (“Claim”) being costs of services rendered for the proposed coastal reclamation works in Melaka.

BDSB has been given twenty one (21) days from receipt of this Notice of Demand to settle the outstanding Claim, failing which winding up proceedings will be taken against BDSB. The Company is seeking legal advice and will take all appropriate course of actions to resist the Claim including defending the Claim made against BDSB in court.

Details of circumstances leading to receipt of the Notice of Demand

The Claim originated from a purported Letter of Award dated 16 May 2012 between BDSB and CESB of which the Company is now strongly disputing.

Total cost of investment in BDSB

BDSB is not a major subsidiary of Benalec. The total cost of investment in BDSB is RM500,000.00.

Financial and operational impact of the Notice of Demand on the Group

The Notice of Demand is not expected to have any significant financial or operational impact on the Benalec Group as the Group has adequate resources to meet this commitment without any difficulty.

Expected losses, if any, arising from the Notice of Demand

In the event that BDSB is not successful in its defence against the Claim made by CESB, the expected losses to BDSB will comprise satisfaction of the Claim plus legal costs and interest.

Steps taken and proposed to be taken by BDSB in respect of the Notice of Demand

The Company and BDSB have commenced a civil suit in the Kuala Lumpur High Court on 6 November 2013 vide Civil Suit No. 22NCVC-614-11/2013 against Datuk Leaw Tua Choon, Datuk Leaw Ah Chye, Leaw Yongene and CESB for inter alia, a declaration that the Letter of Award dated 16 May 2012 between BDSB and CESB was void ab initio and/or for loss and damage as well as for an account of secret profits arising from the breach on the part of Datuk Leaw Tua Choon and Datuk Leaw Ah Chye of their contractual, statutory, fiduciary and/or common law duties and/or obligations as Executive Directors of the Company and BDSB in respect of certain dealings concerning CESB.


Further announcement on development of the above matter will be made to Bursa Malaysia Securities Berhad in due course and as and when applicable.


This announcement is dated 21 November 2013.



PETDAG - 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 NamePETRONAS DAGANGAN BHD  
Stock Name PETDAG  
Date Announced21 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPD-131119-91F6F

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 Share of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
(for Employees Provident Fund Board (CIMB PRIN))
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/11/2013
115,700
 

Circumstances by reason of which change has occurredSale of shares managed by portfolio manager
Nature of interestDirect
Direct (units)4,386,600 
Direct (%)0.442 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change66,613,100
Date of notice19/11/2013

Remarks :
The total number of 66,613,100 ordinary shares comprise the following:

(a) 59,046,800 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board].

(b) 1,500,000 shares registered in the name of Employees Provident Fund Board.

(c) 1,398,800 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (NOMURA)].

(d) 4,386,600 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (CIMB PRIN)].

(e) 119,900 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (KIB)].

(f) 161,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (RHB INV)].

Received form 29B on 21 November 2013.


PETDAG - 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 NamePETRONAS DAGANGAN BHD  
Stock Name PETDAG  
Date Announced21 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPD-131121-A8FA1

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 Share of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
(for Employees Provident Fund Board (KIB))
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired18/11/2013
37,500
 

Circumstances by reason of which change has occurredPurchase of shares managed by portfolio manager
Nature of interestDirect
Direct (units)157,400 
Direct (%)0.016 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change66,650,600
Date of notice19/11/2013

Remarks :
The total number of 66,650,600 ordinary shares comprise the following:

(a) 59,046,800 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board].

(b) 1,500,000 shares registered in the name of Employees Provident Fund Board.

(c) 1,398,800 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (NOMURA)].

(d) 4,386,600 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (CIMB PRIN)].

(e) 157,400 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (KIB)].

(f) 161,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (RHB INV)].

Received form 29B on 21 November 2013.


YTLPOWR - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameYTL POWER INTERNATIONAL BHD  
Stock Name YTLPOWR  
Date Announced21 Nov 2013  
CategoryFinancial Results
Reference NoYP-131121-AC052

Financial Year End30/06/2014
Quarter1
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
3,981,132
4,179,125
3,981,132
4,179,125
2Profit/(loss) before tax
249,279
314,347
249,279
314,347
3Profit/(loss) for the period
235,676
251,847
235,676
251,847
4Profit/(loss) attributable to ordinary equity holders of the parent
234,822
252,806
234,822
252,806
5Basic earnings/(loss) per share (Subunit)
3.32
3.47
3.32
3.47
6Proposed/Declared dividend per share (Subunit)
0.00
0.94
0.00
0.94


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.5200
1.4300
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


BGYEAR - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameBINA GOODYEAR BERHAD  
Stock Name BGYEAR  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoCM-131121-61092

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionBINA GOODYEAR BERHAD (“BGB” or “the Company”)
- Shah Alam High Court Winding-Up Petition No. 28-180-04/2013 between AmBank (M) Bhd (“ABB”) against BGB

Further to the Company’s announcement on 8 July 2013, 17 July 2013, 28 August 2013, and 6 September 2013.

The Board of Directors of BGB wishes to announce that at the Hearing of the Winding Up Petition held on 21 November 2013, the Court has fixed this matter for further case management on the 31 December 2013.

This announcement is dated 21 November 2013.



SKPRES - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameSKP RESOURCES BHD  
Stock Name SKPRES  
Date Announced21 Nov 2013  
CategoryFinancial Results
Reference NoCS-131121-BF095

Financial Year End31/03/2014
Quarter2
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
106,154
121,179
214,449
243,901
2Profit/(loss) before tax
9,570
16,328
21,733
32,090
3Profit/(loss) for the period
7,284
11,985
16,419
23,802
4Profit/(loss) attributable to ordinary equity holders of the parent
7,284
11,985
16,419
23,802
5Basic earnings/(loss) per share (Subunit)
0.81
1.33
1.82
2.64
6Proposed/Declared dividend per share (Subunit)
0.00
1.30
0.00
1.30


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2400
0.2200
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


TOMYPAK - Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameTOMYPAK HOLDINGS BERHAD  
Stock Name TOMYPAK  
Date Announced21 Nov 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoCC-131121-44625

EX-date16/12/2013
Entitlement date18/12/2013
Entitlement time05:00:00 PM
Entitlement subjectInterim Dividend
Entitlement descriptionTax Exempt Interim Dividend of 2.0 sen per ordinary share of RM0.50 each.
Period of interest payment to
Financial Year End31/12/2013
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noBOARDROOM CORPORATE SERVICES (KL) SDN. BHD. of Lot 6.05, Level 6, KPMG Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor, Malaysia.

Tel No. 603-77201188
Payment date 08/01/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers18/12/2013 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.02


TOMYPAK - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameTOMYPAK HOLDINGS BERHAD  
Stock Name TOMYPAK  
Date Announced21 Nov 2013  
CategoryFinancial Results
Reference NoCC-131121-43851

Financial Year End31/12/2013
Quarter3
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
58,304
53,804
171,100
161,864
2Profit/(loss) before tax
5,705
5,640
15,415
17,691
3Profit/(loss) for the period
4,019
4,360
10,989
13,346
4Profit/(loss) attributable to ordinary equity holders of the parent
4,019
4,360
10,989
13,346
5Basic earnings/(loss) per share (Subunit)
3.68
3.99
10.04
12.24
6Proposed/Declared dividend per share (Subunit)
2.00
2.00
6.00
5.50


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.9900
0.9500
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


BRAHIMS - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameBRAHIM'S HOLDINGS BERHAD  
Stock Name BRAHIMS  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoCA-131120-62652

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionBrahim’s Holdings Berhad (“BHB” or “Company”)
- Winding Up of Subsidiary of BHB

The Board of Directors of BHB (“Board”), hereby announce that BHB had on 15 November 2013 (after close of business), received a copy of a notice to contributories of first meeting under the Winding-Up Order (which is defined in the ensuing paragraph) of Admuda Sdn Bhd (“Admuda”), a 60%-owned subsidiary of BHB (“Notice of Contributories”).

The Notice of Contributories, which was dated 11 November 2013, arose from a winding-up order in respect of a winding-up petition pursuant to Section 218(1)(e) of the Companies Act, 1965 filed by Arqan Niaga Sdn Bhd (“Petitioner”) on 15 May 2013 (“Petition”) that was granted by the High Court of Malaya (“Court”) on 1 November 2013 (“Winding-Up Order”). An Official Receiver was also appointed on the even date.

On 11 November 2013, Admuda had filed an application to stay in respect of the Winding-Up Order (“Notice of Application”). Based on the Notice of Application, the Court had fixed the case management in respect of the Petition on 21 November 2013. On 21 November 2013, the Court had set the next case management in respect of the Petition on 12 December 2013.

Based on the Petition, the Petitioner had on 30 November 2012, obtained a final judgment against Admuda from the Court, where Admuda shall pay the sum of RM972,079.58 with interest thereof at the rate of 5% per annum computed from date of the writ of summon until the date of final realisation and costs of RM30,000.00 (“Judgment Sum”) to the Petitioner.

The Board is of the opinion that the abovementioned Petition against Admuda, which is not a major subsidiary of BHB, with BHB’s total cost of investment in Admuda of approximately RM22.6 million, is not expected to have any material financial and operational impact on BHB. Further, the expected losses arising from the Petition would be up to the Judgment Sum. The Board is currently in discussion with its legal adviser to resolve this matter and believe that the status of Admuda can be reinstated.

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

The announcement is dated 21 November 2013



UBB - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING (Amended Announcement)

Announcement Type: General Announcement
Company NameUNITED BINTANG BERHAD  
Stock Name UBB  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoOS-131121-A71D1

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionUNITED BINTANG BERHAD (“UBB” OR “THE COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO 16,201,500 NEW ORDINARY SHARES OF RM1.00 EACH IN UBB TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED (“PROPOSED PRIVATE PLACEMENT”)

On behalf of the Board of Directors of UBB (“Board”), M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to implement a private placement of up to 16,201,500 new ordinary shares of RM1.00 each in UBB (“UBB Shares”) to independent third party investor(s) to be identified at a later date.

This announcement is dated 21 November 2013.

Attachments

Private Placement .pdf
231 KB



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