November 18, 2013

Company announcements: KOBAY, FAJAR, TAKASO, TIGER, UNIMECH

KOBAY - OTHERS Proposed Renewal of Share Buy-back Authority

Announcement Type: General Announcement
Company NameKOBAY TECHNOLOGY BERHAD  
Stock Name KOBAY  
Date Announced18 Nov 2013  
CategoryGeneral Announcement
Reference NoKT-131118-61425

TypeAnnouncement
SubjectOTHERS
DescriptionProposed Renewal of Share Buy-back Authority

The Board of Directors of Kobay Technology Bhd. ("Kobay" or "the Company") proposes to seek authorization from the shareholders of the Company for the proposed renewal of share buy-back authority ("the proposal") at the forthcoming Annual General Meeting ("AGM") to be convened.


The present mandate for the share buy-back authority which was granted by the shareholders of the Company at its 18th AGM held on 28 December 2012 shall, subject to renewal, expire at the conclusion of the forthcoming AGM.

Share Buy-Back Statement in our Circular to Shareholders setting out in details of the proposal will be dispatched to the shareholders in due course.

This announcement is dated 18 November 2013.


FAJAR - Changes in Director's Interest (S135) - OOI LENG CHOOI

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameFAJARBARU BUILDER GROUP BHD  
Stock Name FAJAR  
Date Announced18 Nov 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCA-131118-08B67

Information Compiled By KLSE

Particulars of Director

NameOOI LENG CHOOI
Address30, JALAN MARGOSA SD10/5K,
52200 BANDAR SRI DAMANSARA,
KUALA LUMPUR.
Descriptions(Class & nominal value)ORDINARY SHARES OF RM0.50 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
18/11/2013
30,000
0.625 

Circumstances by reason of which change has occurredOPEN MARKET DISPOSAL
Nature of interestDIRECT INTEREST
Consideration (if any) 

Total no of securities after change

Direct (units)12,400 
Direct (%)0.01 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice18/11/2013


FAJAR - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameFAJARBARU BUILDER GROUP BHD  
Stock Name FAJAR  
Date Announced18 Nov 2013  
CategoryGeneral Announcement
Reference NoCA-131118-08B72

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionPursuant to Paragraph 14.08 (d) of Chapter 14 of Bursa Malaysia Securities Berhad Main Market Listing Requirements on Dealing in Securities, this is to notify that we have received notification dated 18 November 2013 from Ooi Leng Chooi, the Executive Director of the Company, of his dealing in the securities of Fajarbaru Builder Group Bhd (“FBG”) during the closed period pending the announcement of FBG’s first quarter results for the period ended 30 September 2013.

Date of Disposal

Direct Interest

Consideration (RM) Per Unit

Percentage (%)

18.11.2013

30,000 ordinary shares of RM0.50

RM0.625

0.01



TAKASO - OTHERS CLARIFICATION TO ARTICLE ENTITLED “CARLYLE GROUP TO ACQUIRE TAKASO?" APPEARING IN FOCUS MALAYSIA EDITION NOV 16-22, 2013.

Announcement Type: General Announcement
Company NameTAKASO RESOURCES BERHAD  
Stock Name TAKASO  
Date Announced18 Nov 2013  
CategoryGeneral Announcement
Reference NoCM-131118-1682E

TypeAnnouncement
SubjectOTHERS
DescriptionCLARIFICATION TO ARTICLE ENTITLED “CARLYLE GROUP TO ACQUIRE TAKASO?" APPEARING IN FOCUS MALAYSIA EDITION NOV 16-22, 2013.

We refer to the article entitled “Carlyle Group to acquire Takaso?” appearing in Focus Malaysia edition Nov 16-22, 2013.

The Takaso Resources Berhad (the 'Company') Group wishes to clarify as follows:

Upon checking and investigating the said article with our substantial shareholder and Directors, we are not aware of any talks or contact with anyone from the Carlyle Group.

The Company is also disappointed with the inaccuracy of the reporting carried out and would highlight that it is dangerous to report such an article without verifying its claim with the Company when such avenue is available.

The Company does not know if the article was ill-intended since even the shareholding of the Company was inaccurately reported, but would remind business reporters to exercise caution in their quality of reporting as it may affect the investing public at large.

This announcement is dated 18 November 2013.



TAKASO - TAKASO-RESUMPTION OF TRADING

Announcement Type: Listing Circular
Company NameTAKASO RESOURCES BERHAD  
Stock Name TAKASO  
Date Announced18 Nov 2013  
CategoryListing Circular
Reference NoIJ-131118-53928

LISTING'S CIRCULAR NO. L/Q : 69222 OF 2013

Further to Listing's Circular No. L/Q : 69213 OF 2013, kindly be advised that trading in the above Company's securities will resume with effect from 9.00 a.m., Tuesday, 19 November 2013.

Your attention is drawn to the Company's announcement dated 18 November 2013.


TIGER - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameTIGER SYNERGY BERHAD  
Stock Name TIGER  
Date Announced18 Nov 2013  
CategoryGeneral Announcement
Reference NoOS-131118-56510

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionRENOUNCEABLE RIGHTS ISSUE OF SHARES OF UP TO 424,710,000, NEW ORDINARY SHARES OF RM0.20 EACH IN TIGER SYNERGY BERHAD ("TIGER")(“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARES OF RM0.20 EACH HELD, TOGETHER WITH UP TO 424,710,000 FREE DETACHABLE WARRANTS 2013/2018 (“WARRANTS 2013/2018”) ON THE BASIS OF ONE (1) WARRANT 2013/2018 FOR EVERY ONE (1) RIGHTS SHARE SUCCESSFULLY SUBSCRIBED AT AN ENTITLEMENT DATE TO BE DETERMINED LATER (“ENTITLEMENT DATE”) (“RIGHTS ISSUE OF SHARES WITH WARRANTS”)

We refer to the announcements made on 13 June 2013, 18 June 2013, 27 August 2013, 24 September 2013, 9 October 2013, 14 October 2013, 18 October 2013, 21 October 2013 and 15 November 2013 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, TA Securities Holdings Berhad wishes to announce that Tiger had on today executed a deed poll constituting the Warrants 2013/2018 and resolved to fix the issue price of the Rights Shares pursuant to the Rights Issue of Shares with Warrants at RM0.20 each (“Issue Price”).

 

The Issue Price for the Rights Shares has been fixed at RM0.20 each after taking into consideration the following:

 

(i) the theoretical ex-all price (“TEAP”) of RM0.2212, based on the 5-day volume weighted average market price (“5D-VWAP”) of the existing Shares up to and including 15 November 2013 (being the last trading date immediately preceding the price-fixing date) of RM0.2637;

 

(ii) the prevailing market sentiments at the point of price fixing; 

 

(iii) the historical price movement of the Shares;

 

(iv) the par value of the Shares of RM0.20 each; and

 

(v) the funding requirements of the Group, details of which are set out in Section 2.1.4 of the circular to shareholders dated 21 October 2013.


 

 

The Issue Price represents a discount of approximately RM0.0212 or 9.58% to the TEAP of existing Shares of RM0.2212, based on the 5D-VWAP per Share up to and including 15 November 2013 (being the last trading date immediately preceding the price fixing date) of RM0.2637. The Issue Price shall be deemed sufficiently attractive to encourage the subscription of the Rights Shares by the Entitled Shareholders while taking into consideration the gross proceeds intended to be raised from the Rights Issue of Shares with Warrants and such issue price shall not be lower than the par value of the Shares.

 

The Rights Issue of Shares with Warrants is expected to raise gross proceeds of up to RM84.94 million which shall be utilised as follows:

 

 

Minimum Scenario

RM’000

Maximum Scenario

RM’000

Expected time frame for utilisation of proceeds (from the date of listing of the Rights Shares)

Repayment of bank borrowings

3,000

7,000

Within 12 months

 

 

 

 

General working capital

5,731

12,152

Within 12 months

 

 

 

 

Property development expenditure and future land acquisition

-

65,000

Within 24 months

 

 

 

 

Estimated expenses for the Proposals

790

790

Within 6 months

Total estimated proceeds

9,521

84,942

 

 

 

 

 

 

Further details on the utilisation of proceeds are set out in the circular to shareholders dated 21 October 2013.

 

The Board has also resolved to fix the exercise price of the Warrants 2013/2018 at RM0.20 each (“Exercise Price”). The Exercise Price represents a discount of approximately RM0.0212 or 9.58% to the TEAP of existing Shares of RM0.2212, based on the 5D-VWAP of the existing Shares up to and including 15 November 2013 (being the last trading date immediately preceding the price-fixing date) of RM0.2637.

 

The Exercise Price was arrived at after taking into consideration the Company's funding requirements, the par value of the existing Shares and a price deemed attractive to entice shareholders to subscribe for the Rights Shares and for the Warrants 2013/2018 holders to exercise the Warrants 2013/2018 in the future.

 

The exact quantum of proceeds that may be raised by the Company pursuant to the exercise of the Warrants 2013/2018 will depend upon the actual number of Warrants 2013/2018 exercised during the exercise period of the Warrants 2013/2018. The proceeds to be raised from the exercise of the Warrants 2013/2018 shall be utilised for the working capital and/or capital expenditure of the Group of which the exact timeframe and the breakdown for the utilisation cannot be determined by the Board at this juncture.

 

The announcement is dated 18 November 2013.



TIGER - Rights Issue

Announcement Type: Entitlements (Notice of Book Closure)
Company NameTIGER SYNERGY BERHAD  
Stock Name TIGER  
Date Announced18 Nov 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoOS-131118-58158

EX-date28/11/2013
Entitlement date02/12/2013
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRENOUNCEABLE RIGHTS ISSUE OF UP TO 424,710,000 NEW ORDINARY SHARES OF RM0.20 EACH IN TIGER SYNERGY BERHAD ("TIGER") (“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.20 EACH HELD, TOGETHER WITH UP TO 424,710,000 FREE DETACHABLE WARRANTS 2013/2018 (“WARRANTS 2013/2018”) ON THE BASIS OF ONE (1) WARRANT 2013/2018 FOR EVERY ONE (1) RIGHTS SHARE SUCCESSFULLY SUBSCRIBED AT 5.00 PM ON 2 DECEMBER 2013 AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE
Period of interest payment to
Financial Year End
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 noSecurities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium
Jalan Damanlela
Pusat Bandar Damansara
Damansara Heights
50490 Kuala Lumpur
Tel: 603 – 2084 900
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers02/12/2013 
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 indicatorRatio
Ratio 1 : 1
Rights Issues/Offer Price 0.2

Remarks :
The abridged prospectus, together with the rights subscription form and the notice of provisional allotment (collectively referred to as the “Documents”) relating to the Rights Issue of Shares with Warrants will only be despatched to the shareholders of Tiger who have a registered address in Malaysia and whose name appears in the Record of Depositors of Tiger at 5.00 p.m. on the Entitlement Date (“Entitled Shareholders”). The Documents have not been (and will not be) made to comply with the laws of any foreign jurisdiction and have not been (and will not be) lodged, registered or approved pursuant to or under any legislation (or with or by any regulatory authorities or other relevant bodies) of any foreign jurisdiction. The Rights Issue of Shares with Warrants will not be made or offered in any foreign jurisdiction. Accordingly, the Documents will not be despatched to Entitled Shareholders who do not have a registered address in Malaysia and who have not provided the share registrar of Tiger, Securities Services (Holdings) Sdn Bhd, with a registered address in Malaysia in writing by 5.00 p.m. on the Entitlement Date. The Entitled Shareholders who are without a registered address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address prior to 5.00 p.m. on the Entitlement Date.

The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue of Shares with Warrants and the Documents comply with the laws of any country or jurisdiction other than Malaysia.

The Documents will be despatched to the Entitled Shareholders not later than two (2) market days from the Entitlement Date.

This announcement is dated 18 November 2013


TIGER - Important Relevant Dates for Renounceable Rights

Announcement Type: Important Relevant Dates for Renounceable Rights
Company NameTIGER SYNERGY BERHAD  
Stock Name TIGER  
Date Announced18 Nov 2013  
CategoryImportant Relevant Dates for Renounceable Rights
Reference NoOS-131118-57802

Title / DescriptionRENOUNCEABLE RIGHTS ISSUE OF UP TO 424,710,000 NEW ORDINARY SHARES OF RM0.20 EACH IN TIGER SYNERGY BERHAD ("TIGER")(“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.20 EACH HELD, TOGETHER WITH UP TO 424,710,000 FREE DETACHABLE WARRANTS 2013/2018 (“WARRANTS 2013/2018”) ON THE BASIS OF ONE (1) WARRANT 2013/2018 FOR EVERY ONE (1) RIGHTS SHARE SUCCESSFULLY SUBSCRIBED AT 5.00 PM ON 2 DECEMBER 2013 AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE (“RIGHTS ISSUE OF SHARES WITH WARRANTS”)
Despatch Date04/12/2013
Date for commencement of trading of the rights03/12/2013
Date for despatch of abridged prospectus and subscription forms04/12/2013
Date for cessation of trading of the rights10/12/2013
Date for announcement of final subscription result and basis of allotment of excess Rights Securities24/12/2013
Listing date of the Rights Securities31/12/2013

Last date and time forDateTime
Sale of provisional allotment of rights09/12/2013
at
05:00:00 PM
Transfer of provisional allotment of rights12/12/2013
at
04:00:00 PM
Acceptance and payment17/12/2013
at
05:00:00 PM
Excess share application and payment17/12/2013
at
05:00:00 PM

Rights Securities will be listed and quoted as the existing securities of the same class:
Yes 
Other important dates as the listed issuer may deem appropriate:
 

Remarks :
The last date and time for acceptance and payment of the Rights Issue of Shares with Warrants as well as the last date and time for excess Rights Shares with Warrants 2013/2018 application and payment are as above or such later date and time as the Board of Directors of Tiger may decide in its absolute discretion and announce not less than two (2) market days before the stipulated date and time.

This announcement is dated 18 November 2013.


TIGER - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameTIGER SYNERGY BERHAD  
Stock Name TIGER  
Date Announced18 Nov 2013  
CategoryGeneral Announcement
Reference NoOS-131118-57597

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2010/2015 ISSUED BY TIGER SYNERGY BERHAD (“TIGER” OR THE “COMPANY”) (“EXISTING WARRANTS”) CONSTITUTED BY THE DEED POLL DATED 9 JULY 2010 (“EXISTING DEED POLL”) PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 424,710,000 NEW ORDINARY SHARES OF RM0.20 EACH IN TIGER (“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.20 EACH HELD, TOGETHER WITH UP TO 424,710,000 FREE DETACHABLE WARRANTS 2013/2018 (“WARRANTS 2013/2018”) ON THE BASIS OF ONE (1) WARRANT 2013/2018 FOR EVERY ONE (1) RIGHTS SHARE SUCCESSFULLY SUBSCRIBED AT 5.00 PM ON 2 DECEMBER 2013 AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE (“RIGHTS ISSUE OF SHARES WITH WARRANTS”), IN ACCORDANCE WITH THE PROVISIONS OF THE EXISTING DEED POLL (“ADJUSTMENTS”)

EX-date

:

28 November 2013

Entitlement date

:

2 December 2013

Entitlement time

:

05:00:00 PM

Entitlement subject

:

Rights Issue

Entitlement description

:

ADJUSTMENTS TO THE EXERCISE PRICE AND NUMBER OF OUTSTANDING WARRANTS 2010/2015 ISSUED BY TIGER SYNERGY BERHAD (“TIGER” OR THE “COMPANY”) (“EXISTING WARRANTS”) CONSTITUTED BY THE DEED POLL DATED 9 JULY 2010 (“EXISTING DEED POLL”) PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 424,710,000 NEW ORDINARY SHARES OF RM0.20 EACH IN TIGER (“RIGHTS SHARES”) ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.20 EACH HELD, TOGETHER WITH UP TO 424,710,000 FREE DETACHABLE WARRANTS 2013/2018 (“WARRANTS 2013/2018”) ON THE BASIS OF ONE (1) WARRANT 2013/2018 FOR EVERY ONE (1) RIGHTS SHARE SUCCESSFULLY SUBSCRIBED AT 5.00 PM ON 2 DECEMBER 2013 AT AN ISSUE PRICE OF RM0.20 PER RIGHTS SHARE PAYABLE IN FULL UPON ACCEPTANCE (“RIGHTS ISSUE OF SHARES WITH WARRANTS”), IN ACCORDANCE WITH THE PROVISIONS OF THE EXISTING DEED POLL (“ADJUSTMENTS”)

Period of interest payment

:

to

Financial Year End

:

 

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 no

:

Securities Services (Holdings) Sdn Bhd

Level 7, Menara Milenium

Jalan Damanlela

Pusat Bandar Damansara

Damansara Heights

50490 Kuala Lumpur

Tel: 603 2084 9000

 

Payment date

 

 

a. Securities transferred into the Depositor’s Securities Account before 4:00pm in respect of transfers

:

2 December 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 indicator

:

Ratio

Ratio

Rights Issues/Offer Price:

:

9:100

 

 

 

 

 Remarks:

 Following the Rights Issue of Shares with Warrants, there will be no adjustment to the exercise price of the Warrants 2010/2015 pursuant to the provisions of the Existing Deed Poll.

In addition, up to 3,707,152 additional new Warrants 2010/2015 arising from the Adjustments (“Adjustment Warrants”) will be allotted and issued on the basis of 9.84 Adjustment Warrants (indicative) for every 100 Existing Warrants held by the entitled holders of Existing Warrant of the Company, whose names appear in the Record of Depositors at 5.00 p.m. on the Entitlement Date. Any adjustments to the number of Existing Warrants will be rounded down to the nearest whole Warrant 2010/2015.

 The exact adjustment in the exercise price (if any) and the number of Existing Warrants to be issued can only be finalised after the closing date for the application and acceptances for the Rights Shares with Warrants 2013/2018 based on the subscription rate of the Rights Shares.

 The Adjustment Warrants will be listed and quoted simultaneously with the Rights Shares on 31 December 2013. The notice to the holders of Existing Warrants setting out the details of the Adjustments and the Adjustment Warrants to be issued pursuant to the Rights Issue of Shares with Warrants as well as the notice of allotment of the Adjustment Warrants will be despatched in due course.

 The holders of Existing Warrants who duly exercise their Existing Warrants to subscribe for the ordinary shares of RM0.20 each in Tiger by 5.00 p.m. on the Entitlement Date, will be entitled to the Right Shares and the Warrants 2013/2018 pursuant to the Rights Issue of Shares with Warrants.

 

This announcement is dated 18 November 2013.

 



UNIMECH - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameUNIMECH GROUP BERHAD  
Stock Name UNIMECH  
Date Announced18 Nov 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoUG-131118-62556

Date of buy back18/11/2013
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)7,800
Minimum price paid for each share purchased ($$)1.580
Maximum price paid for each share purchased ($$)1.590
Total consideration paid ($$)12,468.02
Number of shares purchased retained in treasury (units)7,800
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)13,156,066
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)0.006

Remarks :
The total amount paid for the shares purchased is inclusive of brokerage, clearing house fee and stamp duty.


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