November 13, 2013

Company announcements: SIME, TIME, HEVEA, BENALEC, IJMLAND, FGV

SIME - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSIME DARBY BERHAD  
Stock Name SIME  
Date Announced13 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSD-131112-70402

Particulars of substantial Securities Holder

NameAmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderAmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera
Tingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/11/2013
1,540,000
 
Disposed07/11/2013
1,053,000
 
Disposed08/11/2013
1,050,000
 

Circumstances by reason of which change has occurredDisposal of shares by AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera
Nature of interestDirect
Direct (units)2,141,807,004 
Direct (%)35.64 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change2,141,807,004
Date of notice08/11/2013

Remarks :
The notices of change in substantial shareholding were received from AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera on 12 November 2013 and 13 November 2013.


SIME - Changes in Sub. S-hldr's Int. (29B) - Permodalan Nasional Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSIME DARBY BERHAD  
Stock Name SIME  
Date Announced13 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSD-131112-7040D

Particulars of substantial Securities Holder

NamePermodalan Nasional Berhad
AddressTingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.38218-X
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderPermodalan Nasional Berhad
Tingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/11/2013
1,500,000
 
Acquired07/11/2013
750,000
 
Acquired08/11/2013
750,000
 

Circumstances by reason of which change has occurredAcquisition of shares by Permodalan Nasional Berhad
Nature of interestDirect
Direct (units)605,098,609 
Direct (%)10.07 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change605,098,609
Date of notice08/11/2013

Remarks :
The notices of change in substantial shareholding were received from Permodalan Nasional Berhad on 12 November 2013 and 13 November 2013.


SIME - 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 NameSIME DARBY BERHAD  
Stock Name SIME  
Date Announced13 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSD-131111-6778B

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 RM0.50 each
Name & address of registered holderPlease refer to "Remarks" below

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/11/2013
2,640,100
 
Disposed07/11/2013
1,784,500
 
Acquired08/11/2013
2,071,400
 

Circumstances by reason of which change has occurredCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
(Disposal of 2,640,100 shares on 6 November 2013)
(Disposal of 1,784,500 shares on 7 November 2013)
(Acquisition of 2,071,400 shares on 8 November 2013)
Nature of interestShares held in own name and Citigroup Nominees (Tempatan) Sdn Bhd
Direct (units)778,568,253 
Direct (%)12.96 
Indirect/deemed interest (units)57,903,802 
Indirect/deemed interest (%)0.96 
Total no of securities after change836,472,055
Date of notice11/11/2013

Remarks :
1. Total no. of shares held after change are as follows:-

(a) Employees Provident Fund Board (1,500,000 shares)

(b) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (777,068,253 shares)

(c) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (HDBS) (11,527,000 shares)

(d) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (AM INV) (8,415,900 shares)

(e) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (MAYBAN) (1,900,000 shares)

(f) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KAF FM) (2,950,000 shares)

(g) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA) (28,734,702 shares)

(h) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (PHEIM) (600,000 shares)

(i) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB PRI) (1,380,900 shares)

(j) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ARIM) (2,200,000 shares)

(k) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (TEMPLETON) (195,300 shares)

2. The notices of change in substantial shareholding were received from Citigroup Nominees (Tempatan) Sdn Bhd for and on behalf of Employees Provident Fund Board on 11 November 2013, 12 November 2013 and 13 November 2013.


SIME - Changes in Sub. S-hldr's Int. (29B) - Yayasan Pelaburan Bumiputra

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSIME DARBY BERHAD  
Stock Name SIME  
Date Announced13 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSD-131112-7040F

Particulars of substantial Securities Holder

NameYayasan Pelaburan Bumiputra
Addressc/o Permodalan Nasional Berhad
Tingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.37113-P
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderPermodalan Nasional Berhad
Tingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/11/2013
1,500,000
 
Acquired07/11/2013
750,000
 
Acquired08/11/2013
750,000
 

Circumstances by reason of which change has occurredAcquisition of shares by Permodalan Nasional Berhad
Nature of interestYayasan Pelaburan Bumiputra is deemed to have indirect interest in Sime Darby Berhad through its shareholding of 100% less one share in Permodalan Nasional Berhad which in turn is a substantial shareholder of Sime Darby Berhad.
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)605,098,609 
Indirect/deemed interest (%)10.07 
Total no of securities after change605,098,609
Date of notice08/11/2013

Remarks :
The notices of change in substantial shareholding were received from Yayasan Pelaburan Bumiputra on 12 November 2013 and 13 November 2013.


TIME - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameTIME ENGINEERING BERHAD  
Stock Name TIME  
Date Announced13 Nov 2013  
CategoryChange in Boardroom
Reference NoTE-131113-62313

Date of change12/11/2013
NameDatuk Samsul bin Husin
Age50
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateNon Independent & Non Executive
QualificationsBachelor of Accounting from Universiti Kebangsaan Malaysia and a Chartered Accountant and Certified Financial Planner. 
Working experience and occupation Datuk Samsul was appointed as the Executive Deputy Chairman of Censof Holdings Berhad (“Censof”) on 28 December 2010 and was subsequently re-designated as the Group Managing Director on 26 September 2011. He has more than 20 years of experience in accounting and ICT.

Datuk Samsul specializes in financial systems, system planning and designing. He started his career in 1986 with the Housing Division, State Planning and Development Unit, Selangor where he received hands-on experience in the planning, designing and the subsequent delivery of a billing system for low-cost housing development project in the state.

In 1987, Datuk Samsul joined the Accountant General’s office and held various positions and spearheaded projects such as the enforcement of accounting procedures to the designing of new systems for the enhancement of existing financial management reporting. He then joined the private sector to hold positions in financial cum portfolio management arena before joining Century Software (Malaysia) Sdn Bhd, a wholly-owned subsidiary of Censof. 
Directorship of public companies (if any)Censof Holdings Berhad  
Family relationship with any director and/or major shareholder of the listed issuerNil 
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 subsidiariesDeemed interest in 349,112,731 TEB shares (approximately 45.03%) through SAAS Global Sdn Bhd and Censof Holdings Berhad pursuant to Section 6A of the Companies Act 1965. 

Remarks :
He is a nominee of Censof Holdings Berhad.


TIME - OTHERS TIME ENGINEERING BERHAD ("TEB") - CHANGE IN EXECUTIVE COMMITTEE

Announcement Type: General Announcement
Company NameTIME ENGINEERING BERHAD  
Stock Name TIME  
Date Announced13 Nov 2013  
CategoryGeneral Announcement
Reference NoTE-131111-60613

TypeAnnouncement
SubjectOTHERS
DescriptionTIME ENGINEERING BERHAD ("TEB") - CHANGE IN EXECUTIVE COMMITTEE

The Board of Directors of TEB wishes to announce that Datuk Samsul bin Husin has been appointed as a member of the Executive Committee (“EXCO”) on 12 November 2013 and that Dato’ Mohd Izzaddin Idris has relinquished his role as a member of the EXCO due to his other work related commitments and responsibilities.

 

Following the aforesaid changes, the composition of the EXCO is as follows:-

 

(1) Haji Zaiviji Ismail Abdullah, Chairman and Non-Independent Non-Executive Director;

(2) Elakumari Kantilal, Member and Non-Independent Non-Executive Director; and

(3) Datuk Samsul bin Husin, Member and Non-Independent Non-Executive Director.

 

This announcement is dated 13 November 2013.


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

Announcement Type: Financial Results
Company NameHEVEABOARD BERHAD  
Stock Name HEVEA  
Date Announced13 Nov 2013  
CategoryFinancial Results
Reference NoCC-131113-56907

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
86,282
82,531
284,373
283,507
2Profit/(loss) before tax
6,045
3,581
14,078
8,294
3Profit/(loss) for the period
5,500
3,124
12,688
7,289
4Profit/(loss) attributable to ordinary equity holders of the parent
5,500
3,124
12,688
7,289
5Basic earnings/(loss) per share (Subunit)
6.08
3.46
14.04
8.06
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 ($$)
2.4500
2.3100
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


BENALEC - Changes in Director's Interest (S135) - Koo Hoong Kwan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameBENALEC HOLDINGS BERHAD  
Stock Name BENALEC  
Date Announced13 Nov 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-131113-F5582

Information Compiled By KLSE

Particulars of Director

NameKoo Hoong Kwan
Address53, Jalan 21/31
S.E.A. Park
46300 Petaling Jaya
Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary Shares of RM0.25 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
12/11/2013
50,000
 

Circumstances by reason of which change has occurredAcquisition of shares via open market
Nature of interestDirect
Consideration (if any)RM57,500/- 

Total no of securities after change

Direct (units)200,000 
Direct (%)0.024 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice13/11/2013


IJMLAND - 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 NameIJM LAND BERHAD  
Stock Name IJMLAND  
Date Announced13 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIL-131113-0D7F0

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.Not Applicable
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1 Each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd, 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)
Acquired08/11/2013
500,000
 
Disposed08/11/2013
308,400
 

Circumstances by reason of which change has occurredTransaction of securities
Nature of interestDirect
Direct (units)96,071,400 
Direct (%)6.163 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change96,071,400
Date of notice13/11/2013

Remarks :
Re : Form 29B dated 11 November 2013.


FGV - OTHERS FELDA GLOBAL VENTURES HOLDINGS BERHAD (“FGV”) JOINT VENTURE BETWEEN FELDA GLOBAL VENTURES DOWNSTREAM SDN BHD (“FGVD” OR “THE COMPANY”), A WHOLLY OWNED SUBSIDIARY OF FGV, WITH LIPID VENTURE SDN BHD FOR THE EXTRACTION AND PRODUCTION OF TOCOTRIENOL FROM REFINED BLEACHED PALM OIL

Announcement Type: General Announcement
Company NameFELDA GLOBAL VENTURES HOLDINGS BERHAD  
Stock Name FGV  
Date Announced13 Nov 2013  
CategoryGeneral Announcement
Reference NoFG-131113-F2AEE

TypeAnnouncement
SubjectOTHERS
DescriptionFELDA GLOBAL VENTURES HOLDINGS BERHAD (“FGV”)

JOINT VENTURE BETWEEN FELDA GLOBAL VENTURES DOWNSTREAM SDN BHD (“FGVD” OR “THE COMPANY”), A WHOLLY OWNED SUBSIDIARY OF FGV, WITH LIPID VENTURE SDN BHD FOR THE EXTRACTION AND PRODUCTION OF TOCOTRIENOL FROM REFINED BLEACHED PALM OIL

1. INTRODUCTION

The Board of Directors of FGV is pleased to announce that Felda Global Ventures Downstream Sdn Bhd (“FGVD”), a wholly owned subsidiary of FGV, has on 13 November 2013 entered into a joint venture and shareholders’ agreement (“JVSA”) with Lipidventure Sdn Bhd (“LVSB”) to establish a joint venture company (“JVCo”) to undertake the development, construction, fabrication and operation of a plant to be located in Kuantan, Pahang Darul Makmur (“Plant”) to produce tocotrienol (vitamin E) (“Product”) from refined bleached palm oil (“Proposed Joint Venture”). 

2. DETAILS OF THE PARTIES

2.1 Information on FGVD

FGVD was incorporated in Malaysia, on 6 January 2012 under the Companies Act, 1965 having an issued and paid up share capital of RM13,920,382.42. It is a wholly owned subsidiary of FGV which spearheads the downstream activities of the FGV Group.

2.2  Information on LVSB

  LVSB was incorporated in Malaysia on 17 July 2012 under the Companies Act, 1965. As of the date of this announcement, LVSB has an issued and paid up share capital of RM100,000.00.

LVSB is principally involved in investment holdings and creation of innovative technologies in producing high value downstream derivative and niche products from palm oil.

 3. SALIENT TERMS OF THE JVSA

 3.1  Conditions Precedent: The Proposed Joint Venture is subject to the fulfillment of the following conditions precedent within two (2) weeks from the date of the JVSA (“Conditions Precedent”):

(a) Delivery of LVSB’s corporate approvals to FGVD;

(b) Delivery of FGVD’s corporate approvals to LVSB; and

(c) Delivery of document or certificate of warranty and indemnification by LVSB and EPCC contractor to FGVD.

3.2  Incorporation of JVCo: The JVCo will be incorporated by the Parties under the name of FGV Lipid Venture Sdn. Bhd., or such other name mutually agreed by the Parties with an authorised capital of RM25,000,000 divided into 25,000,000 ordinary shares of RM1.00 each and the initial paid-up capital of RM100 divided into 100 ordinary shares of RM1.00 each.

3.3  Business of JVCo: The business of JVCo will be, amongst others, to carry out the extraction, production, sale, marketing and distribution of high value niche palm oil based products including but not limited to tocotrienol (vitamin E).

3.4  Equity participation: FGVD and LVSB equity participation shall be premised on the shareholding proportion of 40:60 respectively.

3.5  Call Option : Upon completion of the Conditions Subsequent, FGVD may at any time exercise a call option on LVSB to acquire 20% of the JVCo shares held by LVSB.

3.6  Condition Subsequent: The JVSA is subject to several Conditions Subsequent, which among others, include the technical due diligence, the procurement of necessary approvals, permits and licenses for the JVCo to conduct its business and the completion of the construction of the plant. The Conditions Subsequent are to be fulfilled within twenty four (24) months from the Effective Date (“Conditions Subsequent Period”). Unless otherwise agreed by the Parties, in the event any one of the Conditions Subsequent is not completed in accordance with the relevant time frame, either Party may terminate the JVSA.

3.7  Board composition: For so long as the shareholding proportion of FGVD and LVSB remains as 40:60 respectively, FGVD is entitled to nominate two (2) directors and LVSB is entitled to nominate three (3) directors to the board of JVCo. 

4. RATIONALE FOR THE PROPOSED JV

Through the joint venture, FGVD and LVSB will be able to collaborate and leverage on each other's strength. LVSB with its expertise in technology and know-how and FGVD access to raw materials for tocotrienol extraction. This will enable FGV to tap the unrealized values in its refineries and create a new revenue stream for the shareholders as well as opening up the opportunity to tap the vitamin E market in nutraceutical business.

5. SOURCE OF JV FUNDING

  The JVCo will be funded by externally source funds and Malaysian Government’s Performance and Management Delivery Unit’s grant under EPP 8.

6. EFFECTS OF THE PROPOSED JOINT VENTURE

6.1 Earnings and Net Assets

 The Proposed Joint Venture will not have any material impact on the earnings per share and net assets of FGV for the financial year ended 31 December 2013.

6.2 Gearing

 The Proposed Joint Venture will not have any material impact on the gearing of FGV for the financial year ending 31 December 2013.

6.3 Issued and paid-up share capital and shareholding of substantial shareholders

 The Proposed Joint Venture will not have any effect on the issued and paid-up share capital and shareholdings of the substantial shareholders of FGV.

7. APPROVALS REQUIRED

 The Proposed Joint Venture is not subject to the approval of the shareholders of FGV or any governmental authority.

8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST

 None of the Directors and major shareholders of FGV and/or persons connected with them have any interest, direct or indirect, in the Proposed Joint Venture.

9. ESTIMATED TIMEFRAME FOR COMPLETION

Barring any unforeseen circumstances, the Proposed Joint Venture is expected to be completed in the fourth quarter of the financial year ending 31 December 2015.

This announcement is dated 13 November 2013.



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