November 19, 2013

Company announcements: UCHITEC, OCTAGON, LONBISC, SMISCOR, DIALOG, KFM, PESONA, TNLOGIS

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

Announcement Type: Financial Results
Company NameUCHI TECHNOLOGIES BERHAD  
Stock Name UCHITEC  
Date Announced19 Nov 2013  
CategoryFinancial Results
Reference NoCP-131119-6D7A3

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
22,929
25,938
72,611
65,925
2Profit/(loss) before tax
9,189
11,881
32,782
31,527
3Profit/(loss) for the period
6,736
11,604
23,724
30,743
4Profit/(loss) attributable to ordinary equity holders of the parent
6,736
11,604
23,724
30,743
5Basic earnings/(loss) per share (Subunit)
1.82
3.14
6.42
8.32
6Proposed/Declared dividend per share (Subunit)
4.00
5.00
4.00
5.00


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 ($$)
0.5100
0.5100
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


OCTAGON - PN17-SUSPENSION AND DE-LISTING

Announcement Type: Listing Circular
Company NameOCTAGON CONSOLIDATED BERHAD  
Stock Name OCTAGON  
Date Announced19 Nov 2013  
CategoryListing Circular
Reference NoCW-131119-61361

LISTING'S CIRCULAR NO. L/Q : 69228 OF 2013

OCTAGON had failed to submit a regularisation plan to Bursa Securities for approval within 12 months from the Company’s First Announcement in accordance with paragraph 8.04(3)(a)(i) of the Main LR i.e. on or before 7 June 2013. Bursa Securities had granted the Company extensions of time until 18 December 2013 to submit its regularisation plan to Bursa Securities, subject to the Requisite Announcement being made by 18 October 2013. However, OCTAGON had failed to make the Requisite Announcement by 18 October 2013 and OCTAGON’s application for a further extension of time to make the Requisite Announcement and to submit the regularisation plan was rejected.

In the circumstances and pursuant to paragraph 8.04(5) of the Main LR:-

(a) the trading in the securities of the Company will be suspended with effect from 27 November 2013; and

(b) the securities of the Company will be de-listed on 29 November 2013 unless an appeal against the de-listing is submitted to Bursa Securities on or before 26 November 2013 (the Appeal Timeframe). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 29 November 2013 shall be deferred pending the decision on the Company’s appeal.

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (Bursa Depository), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.


Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.


LONBISC - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):ESOS

Announcement Type: General Announcement
Company NameLONDON BISCUITS BERHAD  
Stock Name LONBISC  
Date Announced19 Nov 2013  
CategoryGeneral Announcement
Reference NoML-131119-54349

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
DescriptionLONDON BISCUITS BERHAD (‘‘LBB” OR THE ‘‘COMPANY”)

(I) PROPOSED TERMINATION OF THE EXISTING EMPLOYEES’ SHARE OPTION SCHEME (“PROPOSED TERMINATION”); AND

(II) PROPOSED ESTABLISHMENT OF NEW EMPLOYEES’ SHARE OPTION SCHEME (“ESOS” OR THE “SCHEME”) FOR ELIGIBLE EMPLOYEES AND EXECUTIVE DIRECTORS (“PROPOSED NEW ESOS”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

We refer to the announcement dated 17 October 2013 in relation to the Proposals.

On behalf of the Board of Directors of LBB, Hong Leong Investment Bank Berhad wishes to announce that the listing application to Bursa Malaysia Securities Berhad in relation to the Proposed New ESOS has been submitted today.

This announcement is dated 19 November 2013.



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

Announcement Type: Financial Results
Company NameSMIS CORPORATION BERHAD  
Stock Name SMISCOR  
Date Announced19 Nov 2013  
CategoryFinancial Results
Reference NoCC-131115-05CEC

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
34,341
28,570
97,472
87,822
2Profit/(loss) before tax
2,706
-8
7,715
3,727
3Profit/(loss) for the period
1,744
-406
4,900
1,968
4Profit/(loss) attributable to ordinary equity holders of the parent
1,555
-373
4,172
1,890
5Basic earnings/(loss) per share (Subunit)
3.68
-0.88
9.88
4.48
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 ($$)
1.7000
1.6200
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


DIALOG - 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 NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced19 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-131119-97F00

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 RM0.10 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)
Disposed14/11/2013
4,713,200
 

Circumstances by reason of which change has occurredDisposal of shares.
Nature of interestDirect
Direct (units)352,530,135 
Direct (%)14.59 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change352,530,135
Date of notice19/11/2013

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 4,325,000 shares) - 291,543,094 shares
Employees Provident Fund Board - 1,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 895,054 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) (Disposed 188,200 shares) - 6,829,700 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 10,239,467 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 13,485,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) - 25,637,820 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) (Disposed 200,000 shares) - 2,400,000 shares

Total No. of shares - 352,530,135 shares


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

Announcement Type: General Announcement
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced19 Nov 2013  
CategoryGeneral Announcement
Reference NoCM-131119-51909

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionKuantan Flour Mills Berhad ( “ KFM” or “ the Company”)

Pursuant to Paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that a Director, Mr. Dennis Tow Jun Fye has transacted dealing in the securities of the Company.

The details as set out in the table below:

Date of Acquisition

Average Price Transacted per share ( RM)

No. of Shares Acquired

% of Issued and Paid Up share acquired

No. of Shares held ( Direct) as at 18.11.2013

% of Issued and Paid Up Share Capital

18.11.2013

0.355

38,000

0.058

8,187,000

12.567

This announcement is dated 19th November 2013.



KFM - Changes in Director's Interest (S135) - DENNIS TOW JUN FYE

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced19 Nov 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-131119-52365

Information Compiled By KLSE

Particulars of Director

NameDENNIS TOW JUN FYE
AddressNO.3, JALAN BUMIPUTERA, STULANG LAUT,
80300 JOHOR BAHRU, JOHOR
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)
Acquired
18/11/2013
38,000
0.355 

Circumstances by reason of which change has occurredACQUIRED FROM OPEN MARKET
Nature of interestDIRECT
Consideration (if any) 

Total no of securities after change

Direct (units)8,187,000 
Direct (%)12.567 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice19/11/2013

Remarks :
1. This announcement served as an announcement pursuant to 14.08 of the Main Listing Requirements.
2.The Notice received on 19 November 2013.
3. The 8,187,000 ordinary shares represent 12.567% of the total issued ordinary shares of the Company.


KFM - Changes in Sub. S-hldr's Int. (29B) - DENNIS TOW JUN FYE

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced19 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-131119-52095

Particulars of substantial Securities Holder

NameDENNIS TOW JUN FYE
AddressNO.3, JALAN BUMIPUTERA, STULANG LAUT,
80300 JOHOR BAHRU, JOHOR
NRIC/Passport No/Company No.850819-01-5499
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderDENNIS TOW JUN FYE
NO.3, JALAN BUMIPUTERA, STULANG LAUT,
80300 JOHOR BAHRU, JOHOR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired18/11/2013
38,000
0.355 

Circumstances by reason of which change has occurredACQUIRED FROM OPEN MARKET
Nature of interestDIRECT
Direct (units)8,187,000 
Direct (%)12.567 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change8,187,000
Date of notice19/11/2013

Remarks :
This Form 29B received on 19 November 2013.


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

Announcement Type: General Announcement
Company NamePESONA METRO HOLDINGS BERHAD  
Stock Name PESONA  
Date Announced19 Nov 2013  
CategoryGeneral Announcement
Reference NoOS-131119-55234

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionPESONA METRO HOLDINGS BERHAD (“PMHB” OR THE “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PMHB (“PROPOSED PRIVATE PLACEMENT”)

Reference is made to the Company’s announcement on 31 October 2013 and 13 November 2013 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 19 November 2013, approved the application for the listing of and quotation for up to 46,382,000 Placement Shares to be issued pursuant to the Proposed Private Placement, subject to the following conditions:

(i) PMHB and TA Securities must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Proposed Private Placement;

(ii) PMHB and TA Securities to inform Bursa Securities upon completion of the Proposed Private Placement; and

(iii) PMHB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

PMHB is required to ensure full compliance of all the requirements as provided under the LR at all times.

This announcement is dated 19 November 2013.



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

Announcement Type: General Announcement
Company NameTIONG NAM LOGISTICS HOLDINGS BERHAD  
Stock Name TNLOGIS  
Date Announced19 Nov 2013  
CategoryGeneral Announcement
Reference NoMI-131119-50738

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionTIONG NAM LOGISTICS HOLDINGS BERHAD (“TNLH” OR THE “COMPANY”)

RENOUNCEABLE RIGHTS ISSUE OF 210,258,500 FIVE (5)-YEAR WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) ORDINARY SHARES OF RM0.20 EACH HELD IN TNLH AFTER THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH IN TNLH INTO FIVE (5) NEW ORDINARY SHARES OF RM0.20 EACH AT 5.00 P.M. ON 3 DECEMBER 2013 ("RIGHTS ISSUE OF WARRANTS")

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals, where applicable. 

We refer to the announcements dated 18 September 2013, 7 October 2013 and 16 October 2013 as well as the circular dated 25 October 2013 in relation to the Rights Issue of Warrants. 

On behalf of the Board, RHB Investment Bank wishes to announce the following:- 

(a) the Board had on 19 November 2013 executed the Deed Poll constituting 210,258,500 Warrants to be issued pursuant to the Rights Issue of Warrants ("Deed Poll"); 

(b) the Board has resolved to fix the issue price of the Warrants at RM0.20 per Warrant; and 

(c) the Board has resolved to fix the exercise price of the Warrant at RM1.00 each.

The issue price for the Warrants was determined after taking into consideration the following:- 

(i) The adjusted share price of TNLH at completion of the Share Split. For illustrative purposes, based on the five (5)-day VWAP of the shares in TNLH of RM5.55 up to and including 18 November 2013 (being the last trading day of TNLH Shares prior to the price-fixing date for the Warrants), the adjusted market price of the Subdivided Shares price would be RM1.11; 

(ii) Based on the exercise price of RM1.00 per Warrant and the theoretical ex-share split price of underlying TNLH Shares of approximately RM1.11 each based on five (5)-day VWAP up to and including 18 November 2013 of RM5.55, the theoretical fair value of the Warrants as at 18 November 2013 is approximately RM0.32 per Warrant which was determined using the Black-Scholes Option Pricing Model; and  

(iii) The Board has arrived at the issue price of RM0.20 per Warrant based on a discount of approximately 37.5% from the theoretical fair value of the Warrants, whilst seeking to ensure that a reasonable amount of proceeds would be raised from the Rights Issue of Warrants. Such discount is deemed appropriate by the Board after taking into consideration the historical volatility and share price movement of the underlying TNLH Shares as well as the Board’s intention to provide an opportunity for the shareholders of TNLH to participate in an equity derivative (i.e. Warrants) of the Company at an attractive entry cost. 

The exercise price for the Warrants was determined after taking into consideration of the following:- 

(i) The theoretical ex-share split price of approximately RM1.11 based on the five (5)-day VWAP of TNLH Shares up to and including 18 November 2013 of RM5.55, being the last trading day of TNLH Shares preceding the price-fixing date for the Warrants; and

 

(ii) The Board has arrived at the exercise price of RM1.00 based on a discount of approximately 9.9% over the theoretical ex-share split price. Such discount is deemed appropriate after taking into consideration the market demand for TNLH Shares, the prevailing market conditions and the market price of TNLH Shares preceding the price-fixing and the par value of TNLH Shares after the Share Split.



This announcement is dated 19 November 2013.


 

 

 


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