November 21, 2013

Company announcements: MTRONIC, N2N, MYEG, CIMB, FABER, IOICORP, GENP, IJM, ORIENT

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

Announcement Type: Financial Results
Company NameMETRONIC GLOBAL BERHAD  
Stock Name MTRONIC  
Date Announced21 Nov 2013  
CategoryFinancial Results
Reference NoCC-131118-280EA

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

Attachments

MGB Q3 FS 30-09-13.pdf
711 KB

  • 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
5,196
15,820
23,901
35,112
2Profit/(loss) before tax
523
-27,004
5,017
-20,022
3Profit/(loss) for the period
523
-27,010
4,913
-19,844
4Profit/(loss) attributable to ordinary equity holders of the parent
719
-27,716
5,189
-20,862
5Basic earnings/(loss) per share (Subunit)
0.11
-4.37
0.82
-3.29
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


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 ($$)
0.0620
0.0540
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


MTRONIC - PROPOSED JOINT VENTURE BETWEEN M ONE COUNTRY DEVELOPMENT SDN BHD (FORMERLY KNOWN AS METRONIC MOBILE SERVICES SDN BHD) ("MOCD" OR "DEVELOPER"), A WHOLLY-OWNED SUBSIDIARY OF METRONIC, AND NORTHERN PARADISE SDN BHD ("NPSB" OR "LANDOWNER") FOR THE DEVELOPMENT ON VARIOUS PARCELS OF LEASEHOLD LAND MEASURING APPROXIMATELY 0.5591 ACRES IN THE DISTRICT OF KUALA LUMPUR ("PROPOSED JV")

Announcement Type: General Announcement
Company NameMETRONIC GLOBAL BERHAD  
Stock Name MTRONIC  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoCC-131121-55295

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDYL-131120-40162
SubjectPROPOSED JOINT VENTURE BETWEEN M ONE COUNTRY DEVELOPMENT SDN BHD (FORMERLY KNOWN AS METRONIC MOBILE SERVICES SDN BHD) ("MOCD" OR "DEVELOPER"), A WHOLLY-OWNED SUBSIDIARY OF METRONIC, AND NORTHERN PARADISE SDN BHD ("NPSB" OR "LANDOWNER") FOR THE DEVELOPMENT ON VARIOUS PARCELS OF LEASEHOLD LAND MEASURING APPROXIMATELY 0.5591 ACRES IN THE DISTRICT OF KUALA LUMPUR ("PROPOSED JV")
DescriptionPROPOSED JOINT VENTURE BETWEEN M ONE COUNTRY DEVELOPMENT SDN BHD (FORMERLY KNOWN AS METRONIC MOBILE SERVICES SDN BHD) ("MOCD" OR "DEVELOPER"), A WHOLLY-OWNED SUBSIDIARY OF METRONIC, AND NORTHERN PARADISE SDN BHD ("NPSB" OR "LANDOWNER") FOR THE DEVELOPMENT ON VARIOUS PARCELS OF LEASEHOLD LAND MEASURING APPROXIMATELY 0.5591 ACRES IN THE DISTRICT OF KUALA LUMPUR ("PROPOSED JV")
Query Letter Contents We refer to your Company's announcement dated 15 November 2013 in respect of
the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-

1. The number of units to be developed for each type of residential (i.e.,
single storey houses, semi-detached bungalows and double storey bungalow etc)
and commercial.

2. The total development cost of the Proposed Development.

3. The expected commencement and completion dates of the Proposed Development.

4. The dates on which the third Payment of the Agreed Value will be paid.

5. To define Initial Deposit.

6. The time and place where, and period during which, the Agreement may be
inspected.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully



TAN YEW ENG
Head, Issuers
Listing Division
Regulation

TYE/yls
c.c:- General Manager & Head, Market Surveillance Department, Market
Supervision Business Group, Securities Commission (via fax)

We refer to your letter dated 20th November 2013 with regard to the above.

We are pleased to provide below our reply as per your request:

(1) The number of units to be developed for each type of residential

This is a 18 storey service apartment with 88 units of service apartments and 13 units of shop lots.

(2) The total development cost of the Proposed Development

The proposed total development cost of this project is about RM75 million.

(3) The expected commencement and completion dates of the Proposed Development

The expected commencement date is two and half year from the agreement date and expected completion date is three years from the commencement of construction of each phase of the project.

(4) The dates on which the third Payment of the Agreed Value will be paid

The third payment of the Agreed Value will be based on the percentage of sales or mutual agreement between landowner and M One Country Development Sdn Bhd.

(5) To define Deposit

Deposit is the payment to landowner to secure for the original land titles. The land titles will be used as collateral to finance the joint venture project. These deposits shall form part of the Landowner’s entitlement under the joint venture agreement.

(6) The time and place where, and period during which, the Agreement may be inspected

Time to inspect

Office hour 8.30 a.m to 5.30 p.m, Monday to Friday except public holiday

Place to inspect

Shareworks Sdn Bhd

No. 2-1 Jalan Sri Hartamas 8 Sri Hartamas, 50480 Kuala Lumpur

Period to inspect

Within two weeks from the date of announcement.

We trust our reply above suffice and meet your requirements.



N2N - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameN2N CONNECT BERHAD (ACE Market) 
Stock Name N2N  
Date Announced21 Nov 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-131121-3A702

Date of buy back21/11/2013
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)30,000
Minimum price paid for each share purchased ($$)0.500
Maximum price paid for each share purchased ($$)0.500
Total consideration paid ($$)15,000.00
Number of shares purchased retained in treasury (units)30,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)3,272,000
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 (%)1.0765


MYEG - Changes in Sub. S-hldr's Int. (29B) - Utilico Emerging Markets Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMY E.G. SERVICES BERHAD  
Stock Name MYEG  
Date Announced21 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131120-6507A

Particulars of substantial Securities Holder

NameUtilico Emerging Markets Limited
AddressTrinity Hall,
43 Cedar Avenue,
Hamilton HM12,
Bermuda
NRIC/Passport No/Company No.36941
Nationality/Country of incorporationBermuda
Descriptions (Class & nominal value)Ordinary Shares of RM0.10
Name & address of registered holderJPMorgan Chase Bank, N.A.
2 Leboh Ampang
50100 Kuala Lumpur
Malaysia
W051546

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed19/11/2013
88,000
 

Circumstances by reason of which change has occurredDisposal of 88,000 shares
Nature of interestDirect
Direct (units)50,163,300 
Direct (%)8.4986 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change50,163,300
Date of notice20/11/2013

Remarks :
The percentage of direct interest excludes 10,796,400 ordinary shares of RM0.10 each bought back by the Company and retained as treasury shares.


CIMB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameCIMB GROUP HOLDINGS BERHAD  
Stock Name CIMB  
Date Announced21 Nov 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCG-131121-59479

Date of buy back21/11/2013
Description of shares purchasedOrdinary Shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)1,000
Minimum price paid for each share purchased ($$)7.390
Maximum price paid for each share purchased ($$)7.390
Total consideration paid ($$)7,451.95
Number of shares purchased retained in treasury (units)1,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)4,408
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

Remarks :
c.c. Securities Commission


FABER - OTHERS DISPOSAL OF 385,000 ORDINARY SHARES OF RM1.00 EACH IN FRESH LINEN SERVICES (SARAWAK) SDN BHD BY FABER MEDI-SERVE SDN BHD TO SIMFONI DUA SDN BHD AT A SALE CONSIDERATION OF RM6.6 MILLION

Announcement Type: General Announcement
Company NameFABER GROUP BERHAD  
Stock Name FABER  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoFG-131121-3EAD9

TypeAnnouncement
SubjectOTHERS
DescriptionDISPOSAL OF 385,000 ORDINARY SHARES OF RM1.00 EACH IN FRESH LINEN SERVICES (SARAWAK) SDN BHD BY FABER MEDI-SERVE SDN BHD TO SIMFONI DUA SDN BHD AT A SALE CONSIDERATION OF RM6.6 MILLION

We wish to announce that pursuant to Paragraph 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad Faber Medi-Serve Sdn Bhd (“FMS” or “the Vendor”), a wholly owned subsidiary of FGB, had today, entered into a Share Sale Agreement (“SSA”) with Simfoni Dua Sdn Bhd (“the Purchaser”) for the disposal of its 55% equity interest in Fresh Linen Services (Sarawak) Sdn Bhd (“FLS Sarawak”) to the Purchaser for a total cash consideration of Ringgit Malaysia six million and six hundred thousand (RM6,600,000.00) (hereinafter referred to as "the Proposed Disposal").

FLS Sarawak was incorporated in Malaysia on 13 June 2002 with an authorised share capital of RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each and an issued and paid-up share capital of RM700,000.00 divided into 700,000 ordinary shares of RM1.00 each (“Issued Shares”). FLS Sarawak is carrying on the business of providing laundry processing activities for the Ministry of Health hospitals in the state of Sarawak.

As at the date of the SSA, the Vendor holds 385,000 ordinary shares of RM1.00 each in FLS Sarawak amounting to 55% of the Issued Shares (“Sale Shares”) and the Purchaser holds 315,000 ordinary shares of RM1.00 each in FLS Sarawak amounting to 45% of the Issued Shares.

The Proposed Disposal is subject to the completion of the conditions precedent as follows:

A) By the Vendor

1. The approval of:-

(a) (i) the Board of Directors of the Vendor, of which a certified true copy of the resolution shall be delivered to the Purchaser upon the execution of the SSA; and

(ii) if applicable, the shareholders of the Vendor;

for the sale of the Sale Shares, and approving the authorised signatory(ies) executing the SSA and the relevant documents for and on behalf of the Vendor; and

(b) its financiers, lenders and other creditors, if applicable.

2. Such other documents, opinions, certificates, authorisations or assurances (to the satisfaction of the Purchaser) as the Purchaser may reasonably request.

B) By the Purchaser

1. The approval of:-

(a) (i) the Board of Directors of the Purchaser, of which a certified true copy of the resolution shall be delivered to the Vendor upon the execution of the SSA; and

(ii) if applicable, the shareholders of the Purchaser;

for the purchase of the Sale Shares, and approving the authorised signatory(ies) executing the SSA and the relevant documents for and on behalf of the Purchaser; and

(b) its financiers, lenders and other creditors, if applicable.

2. Confirmation by the Purchaser's solicitors that no winding-up order has been made against FLS Sarawak and the Vendor respectively.

The Proposed Disposal will not have any material effect to the consolidated earnings of FGB Group for the financial year ending 31 December 2013.

Upon completion of the Proposed Disposal, FLS Sarawak will cease to be a subsidiary of FMS.

None of the directors or substantial shareholders of FGB or persons connected with them has any interest, whether direct or indirect, in the Proposed Disposal and no shareholder approval is required.

Further announcement on the Proposed Disposal will be made at the appropriate time.

This announcement is dated 21 November 2013.




IOICORP - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoIC-131121-3EED2

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionIOI CORPORATION BERHAD ("IOI CORP" OR THE "COMPANY")

UNCONDITIONAL TAKE-OVER OFFER BY IOI PLANTATION SDN BHD ("IOI PLANTATION" OR THE “OFFEROR”), A WHOLLY-OWNED SUBSIDIARY OF IOI CORP (“ULTIMATE OFFEROR”), TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.25 EACH IN UNICO-DESA PLANTATIONS BERHAD ("UNICO" OR THE "OFFEREE")("UNICO SHARE(S)") NOT ALREADY HELD BY THE OFFEROR AFTER THE ACQUISITION AT A CASH OFFER PRICE OF RM1.17 PER UNICO SHARE ("OFFER")

We refer to the announcement dated 2 October 2013 in relation to the Offer.

Pursuant to Section 33 of the Malaysian Code on Take-Overs and Mergers, 2010 ("Code"), we wish to announce that IOI Plantation being the Offeror for the Offer, has dealt in Unico Shares for its own account on 21 November 2013. Please refer to the attachment for further details.

This announcement is dated 21 November 2013.

Attachments

Press.Notice-21.11.2013.pdf
53 KB



GENP - Prospectus

Announcement Type: Document Receipt
Company NameGENTING PLANTATIONS BERHAD  
Stock Name GENP  
Date Announced21 Nov 2013  
CategoryDocument Receipt
Reference NoJM-131121-62352

SubjectNON-RENOUNCEABLE RESTRICTED ISSUE OF UP TO 151,769,400 NEW WARRANTS AT AN ISSUE PRICE OF RM1.65 PER WARRANT ON THE BASIS OF 1 WARRANT FOR EVERY 5 EXISTING ORDINARY SHARES OF RM0.50 EACH IN GENP HELD BY THE COMPANY'S SHAREHOLDERS AS AT 5.00 P.M. ON 21 NOVEMBER 2013

Attachments

GENP-Prospectus.pdf
2081 KB




GENP-NPA&RSF Form.pdf
94 KB






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

Announcement Type: General Announcement
Company NameIJM CORPORATION BERHAD  
Stock Name IJM  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoIC-131121-24CDE

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionThe following Principal Officer has given notice of his dealings in the securities of the Company:-

Name of Principal Officer/Description of Securities

Date Transacted

Opening Balance

Acquired

Disposed

% of Securities

Price per Securities

Closing Balance

% of Securities

Khor Kiem Teoh

Ordinary Shares
(Direct)

20/11/2013

177,456

-

10,000

0.0007%

RM5.75

167,456

0.012%

This announcement is also available for reference at www.ijm.com.


ORIENT - Change in Boardroom (Amended Announcement)

Announcement Type: Change in Boardroom
Company NameORIENTAL HOLDINGS BERHAD  
Stock Name ORIENT  
Date Announced21 Nov 2013  
CategoryChange in Boardroom
Reference NoCC-131121-60643

Date of change08/11/2013
NameLoh Kian Chong
Age37
NationalityMalaysian/Chinese
Type of changeRedesignation
Previous PositionExecutive Director
New PositionDeputy Chairman
DirectorateExecutive
QualificationsHe holds a Bachelor of Business in Property Degree from Royal Melbourne Institute of Technology (RMIT). 
Working experience and occupation He began his career as Director of Boon Siew Group of Companies in 2000. In May 2007, he was appointed as Deputy Chairman of Boon Siew Sdn. Bhd.  
Directorship of public companies (if any)He is a director of Penang Yellow Bus Company Berhad and Boon Siew Credit Berhad. 
Family relationship with any director and/or major shareholder of the listed issuerHe is the nephew of Dato' Seri Loh Cheng Yean, Dato' Robert Wong Lum Kong, DSSA, JP, Dato' Dr Tan Chong Siang and Dato' Seri Lim Su Tong and the cousin of Dato' Sri Tan Hui Jing and Tan Kheng Hwee.  
Any conflict of interests that he/she has with the listed issuerNil  
Details of any interest in the securities of the listed issuer or its subsidiariesHe holds directly 1,200 and indirectly 346,964,026 ordinary stocks in Oriental Holdings Berhad. 

Remarks :
Datuk Loh Kian Chong serves as an Executive Deputy Chairman upon redesignation.

This announcement is to supersede the previous announcement made on 8 November 2013 to improve clarity.


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