December 16, 2013

Company announcements: ARMADA, PETGAS, AEON, TOPGLOV, HEXAGON, EDEN, DENKO, MAHSING, PMETAL

ARMADA - OTHERS BUMI ARMADA BERHAD - EXTENSION OF CONTRACTS FOR THE CHARTER OF ONE (1) FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL (“FPSO”)

Announcement Type: General Announcement
Company NameBUMI ARMADA BERHAD  
Stock Name ARMADA  
Date Announced16 Dec 2013  
CategoryGeneral Announcement
Reference NoBA-131216-56203

TypeAnnouncement
SubjectOTHERS
DescriptionBUMI ARMADA BERHAD
- EXTENSION OF CONTRACTS FOR THE CHARTER OF ONE (1) FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL (“FPSO”)

INTRODUCTION
Bumi Armada Berhad (the “Company”) is pleased to announce that Afren Energy Resources Limited (“Afren Energy”) had on 13 December 2013 extended its contracts for the bareboat charter with Armada Floating Solutions Limited (“AFSL”) and the operations & maintenance (“O&M”) with Bumi Armada (Singapore) Pte Ltd (“BASPL”) in respect of the Armada Perkasa FPSO by a further two (2) years to take effect from 1 July 2014 (the “Extension Contracts”). The Extension Contracts are valued at approximately USD68 million (equivalent to approximately RM221 million) in total.

Both AFSL and BASPL are wholly-owned subsidiaries of the Company.

Afren Energy, a subsidiary of Afren PLC, is engaged in the exploration, development, and production of oil and gas in Nigeria. Afren PLC is a leading independent exploration and production company listed on London’s Main Market.

DETAILS OF THE CONTRACTS
The original contracts for the FPSO were first awarded in 2008, to take effect from 1 July 2008, for a firm five (5) year period with options to extend for a further five (5) year period on an annual basis. The original contracts were first extended for a one (1) year period in late October 2012. The parties have now agreed to extend the term of the original contracts by an additional two (2) years to take effect from 1 July 2014.

The FPSO has been operating in the Okoro-Setu Field, Nigeria throughout the contract periods.

FINANCIAL EFFECTS
The Extension Contracts are expected to contribute positively to the revenue and earnings of the Bumi Armada Group for the financial year ending 31 December 2014 and the financial periods thereafter for the duration of the Extension Contracts.

RISKS ASSOCIATED WITH THE EXTENSION CONTRACTS
The risks associated with the Extension Contracts are normal operational risks which can be mitigated through the Company’s system of project management and internal business controls.

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the said Extension Contracts.

This announcement is dated 16 December 2013.



PETGAS - 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 GAS BERHAD  
Stock Name PETGAS  
Date Announced16 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPG-131216-BA3C5

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 incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share of RM1.00/share
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)
Acquired11/12/2013
11,700
 
Disposed11/12/2013
44,000
 
Acquired11/12/2013
50,000
 
Acquired11/12/2013
168,600
 

Circumstances by reason of which change has occurred1.Purchase of shares in open market
2.Sale of shares managed by portfolio manager(HDBS)
3.Purchase of shares managed by portfolio manager(RHB INV)
4.Purchase of shares managed by portfolio manager(NOMURA)
Nature of interestDirect
Direct (units)270,314,800 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change270,314,800
Date of notice12/12/2013

Remarks :
The direct interest of 270,314,800 shares comprising:

a) 254,847,500 shares held by Citigroup Nominees Tempatan) Sdn. Bhd;

b) 1,497,600 shares held EPF Board;

c) 744,500 shares held by Employees Provident Fund Board (AMUNDI)

d) 193,500 shares held by Employees Provident Fund Board (KIB);

e) 1,134,500 shares held by Employees Provident Fund Board (HDBS);

f) 471,500 shares held by Employees Provident Fund Board (RHB INV);

g) 532,100 shares held by Employees Provident Fund Board (AM INV);

h) 95,000 shares held by Employees Provident Fund Board (MAYBAN);

i) 5,944,300 shares held by Employees Provident Fund Board (NOMURA);

j) 4,294,300 shares held by Employees Provident Fund Board (CIMB PRI);

k) 560,000 shares held by Employees Provident Fund Board (ARIM);

Received Form 29B on 16 December 2013


AEON - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management PLC and its subsidiaries

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameAEON CO. (M) BHD  
Stock Name AEON  
Date Announced16 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131216-8E661

Particulars of substantial Securities Holder

NameAberdeen Asset Management PLC and its subsidiaries
Address10 Queen's Terrace, Aberdeen, AB10 1YG, Scotland
NRIC/Passport No/Company No.82015
Nationality/Country of incorporationScotland
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holder(i) Aberdeen Asset Management Asia Limited
21 Church Street #01-01
Capital Square Two
Singapore 049480

(ii) Aberdeen International Fund Managers Limited
Rm 2605-06
26/F Alexandra House 18 Chater Road
Central, Hong Kong

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed12/12/2013
49,300
 
Disposed12/12/2013
49,300
 

Circumstances by reason of which change has occurred(i) An investment position taken in connection with Aberdeen Asset Management Asia Limited's ordinary business in fund management.

(ii) An investment position taken in connection with Aberdeen International Fund Managers Limited's ordinary business in fund management
Nature of interestDirect
Direct (units)70,971,700 
Direct (%)20.2198 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change70,971,700
Date of notice13/12/2013

Remarks :
The Registered Holders are 100% owned by the parent company, Aberdeen Asset Management PLC ("AAM PLC"). The disclosures above include holdings of mandate delegated from other subsidiaries of AAM PLC.



The Form 29B from AAM PLC and its subsidiaries (Together "The Group") on behalf of accounts managed by The Group was received by the Company on 16 December 2013.


TOPGLOV - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (Diperbadankan)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced16 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTG-131212-8D558

Particulars of substantial Securities Holder

NameKumpulan Wang Persaraan (Diperbadankan)
AddressAras 4,5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4,5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired10/12/2013
65,000
 

Circumstances by reason of which change has occurredPurchase of shares in open market by KWAP's Fund Manager.
Nature of interestIndirect Interest
Direct (units)34,087,500 
Direct (%)5.4935 
Indirect/deemed interest (units)3,504,300 
Indirect/deemed interest (%)0.5647 
Total no of securities after change37,591,800
Date of notice13/12/2013

Remarks :
Top Glove Corporation Bhd received the Form 29B on 16/12/2013.


HEXAGON - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHEXAGON HOLDINGS BHD  
Stock Name HEXAGON  
Date Announced16 Dec 2013  
CategoryGeneral Announcement
Reference NoCM-131216-58193

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionSeremban High Court Originating Summons No. 24FC-49-09/2013 [Standard Chartered Bank Malaysia Berhad (“Plaintiff”) vs Polymer Composite Asia Sdn Bhd (“PCA” and “Defendant”)]

Further to the announcements made on 2 July 2013, 23 August 2013, 24 September 2013, 24 October 2013, 6 November 2013 and also the hearing and Case Management held on 23 October 2013, 6 November 2013 and 13 December 2013 respectively, the Board of Directors of Hexagon Holdings Berhad (“HHB”) wishes to announce that the Court has adjourned the Hearing of the Plaintiff’s Application for an Order for Sale to 29 January 2014.

Further announcement on the material development of the above matter will be made in due course.

This announcement is dated 16 December 2013.



EDEN - OTHERS Eden Inc. Berhad ("Eden") - Clarification in respect of the article entitled 'Eden eyes property development, leisure business' published on 16 December 2013 in The Edge Malaysia ("the Article")

Announcement Type: General Announcement
Company NameEDEN INC. BERHAD  
Stock Name EDEN  
Date Announced16 Dec 2013  
CategoryGeneral Announcement
Reference NoCS-131216-BDF5C

TypeAnnouncement
SubjectOTHERS
DescriptionEden Inc. Berhad ("Eden") - Clarification in respect of the article entitled 'Eden eyes property development, leisure business' published on 16 December 2013 in The Edge Malaysia ("the Article")
Eden wishes to clarify the following statements that had appeared in the Article, as follows:-
1. "However, The Edge understands that Eden is working out a deal with Dewan Bandaraya Kuala Lumpur to develop a land parcel in Jinjang, Kuala Lumpur."

Eden wishes to clarify that it is not the entity involved in working out the deal with Dewan Bandaraya Kuala Lumpur in respect of the development of a parcel of land in Jinjang, Kuala Lumpur.

2. "According to sources, Eden is planning a 200-room hotel in Pantai Cenang, which is likely to be a three or four-star accommodation."
"Apart from the hotel, sources say Eden has plans to develop 25 luxury private bungalows in Langkawi to be built at an estimated total cost of RM30 million."
"A tree-house restaurant is expected to be a feature of this project. Given that the bungalows are private units, it is likely that the strategy could be a sale-and-leaseback plan."

Eden wishes to clarify that the proposed development in Pantai Cenang is still at its preliminary planning stage and to-date, no arrangement had been reached nor had any agreement been executed between the stakeholders in relation to the development.

Eden wishes to further clarify that it had not, to the best of its knowledge, provided any information to The Edge Malaysia in respect of the Article.

This announcement is dated 16 December 2013.


DENKO - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameDENKO INDUSTRIAL CORPORATION BERHAD  
Stock Name DENKO  
Date Announced16 Dec 2013  
CategoryGeneral Announcement
Reference NoCU-131216-64380

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionKuala Lumpur High Court Civil Suit No. 22NCVC-970-08/2012 (“the Suit”)
1. Ng Swee Yong (“1st Plaintiff”);
2. Ng Choy Wan (“2nd Plaintiff”);
3. Lim Ngak Ee (“3rd Plaintiff”); and
4. Zainuddin Bin Yahya (“4th Plaintiff”) vs.
Denko Industrial Corporation Berhad (“Denko” or the “Company”) ("Defendant")
Reference is made to the announcements dated 11 September 2012, 25 October 2012, 14 November 2012, 4 February 2013, 18 October 2013 and 6 November 2013 in relation to the legal action commenced against the Company by the Plaintiffs.
Denko wishes to announce that the Court has fixed 23 December 2013 for case management in Johor Bahru High Court.

Further announcements on any material development on the above case will be made as and when deem appropriate.

This announcement is dated 16 December 2013.


MAHSING - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced16 Dec 2013  
CategoryGeneral Announcement
Reference NoML-131216-66387

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMAH SING GROUP BERHAD (“MAH SING”)

PROPOSED ACQUISITION BY SANJUNG TROPIKA DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING, OF THIRTY ONE (31) PIECES OF ADJOINING FREEHOLD LANDS WITH TOTAL NET LAND AREA MEASURING APPROXIMATELY 1,351.84 ACRES ALL IN TEMPAT OF LKTP CAHAYA BARU, MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, JOHOR DARUL TAKZIM FROM BISTARI LAND SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM411,163,937.85 (“PROPOSED ACQUISITION”)

This announcement should be read in conjunction with the earlier announcements made on 1 October 2013, 17 October 2013, 18 October 2013, 12 November 2013, 13 November 2013, 21 November 2013 and 5 December 2013. Unless otherwise defined, the terms used in this announcement shall have the same meaning as those defined in the announcement dated 1 October 2013.

On behalf of the Board, Hong Leong Investment Bank Berhad wishes to announce that the Johor Bahru High Court has adjourned the hearing for the application by the Purchaser for an order to validate the SPA dated 1 October 2013 and the Supplemental Agreement dated 18 October 2013 to 6 January 2014.  

In addition, the Purchaser also appeared at the Johor Bahru High Court to oppose the winding-up petition against the Vendor which was also fixed for hearing today. The hearing for the winding-up petition was also adjourned by the Johor Bahru High Court to 6 January 2014.

This announcement is dated 16 December 2013.



PMETAL - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NamePRESS METAL BERHAD  
Stock Name PMETAL  
Date Announced16 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131216-08645

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has notified on the change of his interests in the securities of the Company as set out in the table below:
Ordinary shares:
Name of DirectorDate of TransferNature of InterestNumber of Ordinary Shares of RM0.50 each transferredPercentage of issued Shares transferred (%)
Koon Poh Weng11.12.2013Indirect950,000
0.19

This announcement is dated 16 December 2013.


PMETAL - Changes in Director's Interest (S135) - KOON POH WENG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePRESS METAL BERHAD  
Stock Name PMETAL  
Date Announced16 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-131216-60165

Information Compiled By KLSE

Particulars of Director

NameKOON POH WENG
AddressNO. 3, JALAN SRI PETALING 4,
BANDAR BARU SRI PETALING,
57000 KUALA LUMPUR,
WILAYAH PERSEKUTUAN,
MALAYSIA
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)
Transferred
11/12/2013
950,000
 

Circumstances by reason of which change has occurredTransfer of Shares
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)16,921,048 
Direct (%)3.32 
Indirect/deemed interest (units)7,526,600 
Indirect/deemed interest (%)1.48 
Date of notice16/12/2013

Remarks :
The direct interest in 16,921,048 ordinary shares of RM0.50 each are held as follows:

i) 8,521,008 ordinary shares of RM0.50 each in the name of Koon Poh Weng.
ii) 8,400,040 ordinary shares of RM0.50 each in the name of Alliancegroup Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Koon Poh Weng.

The indirect interest in 7,526,600 ordinary shares of RM0.50 each are held as follows:
i) 7,520,600 ordinary shares of RM0.50 each by virtue of his spouse, Chan Poh Choo's holdings.
ii) 6,000 ordinary shares of RM0.50 each by virtue of his daughter, Koon Sim Ee's holdings.


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