December 17, 2013

Company announcements: BENALEC, GAMUDA, PETGAS, BGYEAR, YOKO, PRESTAR, AKNIGHT

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

Announcement Type: General Announcement
Company NameBENALEC HOLDINGS BERHAD  
Stock Name BENALEC  
Date Announced17 Dec 2013  
CategoryGeneral Announcement
Reference NoCK-131217-69103

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionBENALEC HOLDINGS BERHAD (“BENALEC” OR “THE COMPANY”)
DISPOSAL OF FOUR (4) PIECES OF VACANT LAND BY OCEANFRONT PROPERTY SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF BENALEC SDN. BHD., WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BENALEC FOR A TOTAL SALE CONSIDERATION OF RM55,531,011.20 TO BE SATISFIED ENTIRELY IN CASH

The Board of Directors (“Board”) of Benalec wishes to announce that Oceanfront Property Sdn. Bhd. (“OPSB” or the “Vendor”), a wholly-owned subsidiary company of Benalec Sdn. Bhd. (“BSB”), which in turn is a wholly-owned subsidiary of Benalec, has on 17 December 2013, entered into a Sale and Purchase Agreement (“SPA”) with Faithview Concept Development Sdn. Bhd. (“FCDSB” or “the Purchaser”) to dispose of all those four (4) pieces of leasehold vacant land held under PT 556 to PT 559, H.S.(D) 75527 to H.S.(D) 75530, all of Pekan Klebang Seksyen II, District of Melaka Tengah, Melaka measuring in total approximately 31.86 acres (“Land”) for a total sale consideration of RM55,531,011.20 (“Sale Consideration”) (“Land Disposal”) to be satisfied entirely in cash.

The details of the announcement are set out in the attachment herein.

This announcement is dated 17 December 2013.



GAMUDA - Quarterly rpt on consolidated results for the financial period ended 31/10/2013

Announcement Type: Financial Results
Company NameGAMUDA BERHAD  
Stock Name GAMUDA  
Date Announced17 Dec 2013  
CategoryFinancial Results
Reference NoGG-131217-36953

Financial Year End31/07/2014
Quarter1
Quarterly report for the financial period ended31/10/2013
The figureshave not been audited

Remarks :
c.c. Securities Commission
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/10/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/10/2013
31/10/2012
31/10/2013
31/10/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
486,120
453,263
486,120
453,263
2Profit/(loss) before tax
191,455
173,242
191,455
173,242
3Profit/(loss) for the period
166,390
147,699
166,390
147,699
4Profit/(loss) attributable to ordinary equity holders of the parent
165,480
145,438
165,480
145,438
5Basic earnings/(loss) per share (Subunit)
7.25
6.99
7.25
6.99
6Proposed/Declared dividend per share (Subunit)
6.00
6.00
6.00
6.00


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 ($$)
2.2100
2.1400
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


GAMUDA - First Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameGAMUDA BERHAD  
Stock Name GAMUDA  
Date Announced17 Dec 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoGG-131210-59748

EX-date09/01/2014
Entitlement date13/01/2014
Entitlement time05:00:00 PM
Entitlement subjectFirst Interim Dividend
Entitlement descriptionSingle-tier first interim dividend of 6 sen per share
Period of interest payment to
Financial Year End31/07/2014
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 noInsurban Corporate Services Sdn Bhd
149, Jalan Aminuddin Baki
Taman Tun Dr Ismail
60000 Kuala Lumpur
Tel: 03-77295529
Payment date 28/01/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers13/01/2014 
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 indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.06

Remarks :
Holders of Warrants 2010/2015 of the Company shall qualify for entitlement to the dividend Provided That they lodge their duly executed and completed subscription forms together with the relevant subscription monies with the Share Registrar by 31 December 2013 before 5.00 p.m.


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 Announced17 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPG-131217-B6364

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)
Acquired12/12/2013
31,400
 

Circumstances by reason of which change has occurred1.Purchase of shares managed by portfolio manager(NOMURA)
Nature of interestDirect
Direct (units)270,346,200 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change270,346,200
Date of notice13/12/2013

Remarks :
The direct interest of 270,346,200 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) 5,975,700 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 17 December 2013


BGYEAR - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN

Announcement Type: General Announcement
Company NameBINA GOODYEAR BERHAD  
Stock Name BGYEAR  
Date Announced17 Dec 2013  
CategoryGeneral Announcement
Reference NoMI-131217-66260

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
DescriptionBINA GOODYEAR BERHAD (“BGB” OR “COMPANY”)

(1) Proposed capital restructuring comprising of the Proposed Par Value Reduction, Proposed Consolidation and Proposed Share Premium Reduction as defined in Section 2.1 herein (“Proposed Capital Restructuring”)

(2) Proposed renounceable rights issue of up to 254,399,000 new BGB shares (“Rights Shares”) on the basis of fifty (50) Rights Shares for every one (1) BGB share held of RM0.10 par value (“BGB Share(s)”) after the Proposed Capital Restructuring (“Proposed Rights Issue”);

(3) Proposed offer for subscription of up to 48,289,620 new BGB Shares to be offered for subscription by the Scheme Creditors at the subscription price of RM0.10 each (“Proposed Offer for Subscription”);

(4) Proposed private placement of 50,000,000 new BGB Shares (“Placement Share(s)”) to identified investors at an issue price of RM0.10 per Placement Share (“Proposed Private Placement”).

(5) Proposed scheme of arrangement, which consists of the following proposals:

(i) Proposed novation and/or assignment of all the Novated Assets and Novated Liabilities of BGB (as defined in Section 2.5.1(i) herein), to a special purpose vehicle (“SPV”) to be incorporated, for a consideration of RM4,829,000 to be satisfied by 48,290,000 new BGB Shares to Scheme Creditors pursuant to the proposed scheme of arrangement (“Proposed Novation”);

(ii) Proposed liquidation of the SPV pursuant to the proposed scheme of arrangement (“Proposed Liquidation of SPV”);

(Collectively referred to as the “Proposed Scheme of Arrangement”)

(6) Proposed acquisition of the construction business of Astinas Construction & Development Sdn Bhd (“ACD”) for a purchase consideration of RM10,000,000 to be satisfied by cash (“Proposed Acquisition of Construction Projects”); and

(7) Proposed acquisition of 280,000 ordinary shares of RM1.00 each representing 28% interest in the issued and paid-up capital of Ontime Privilege Sdn Bhd (“OPSB”) (“OPSB Sale Shares”) together with the assignment of advances of the Vendors to BGB for a purchase consideration of RM9,628,890 (“OPSB Purchase Consideration”) to be satisfied via the issuance of 96,288,900 new BGB Shares (“Consideration Shares”) (“Proposed Acquisition of Development Land Interest”).

(Collectively referred to as the “Proposed Restructuring Scheme”)
We refer to the Company’s announcement to Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 19 November 2012 whereby BGB was classified as a PN17 company pursuant to Paragraphs 2.1(d) and 2.1(f) of Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Securities and to the Company’s further announcements of 3 December 2012, 2 January 2013, 5 February 2013, 20 February 2013, 1 March 2013, 2 April 2013, 2 May 2013, 3 June 2013, 1 July 2013, 1 August 2013 and 2 September 2013, 1 October 2013, 1 November 2013, and 2 December 2013 in relation to the Company’s PN17 status.
On behalf of the Board, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to undertake the Proposed Restructuring Scheme to regularise the financial position of the Company as detailed in the attachment.

Please refer to the attachment for further details.

This announcement is dated 17 December 2013.



YOKO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameYOKOHAMA INDUSTRIES BERHAD  
Stock Name YOKO  
Date Announced17 Dec 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-131217-5CB46

Date of buy back17/12/2013
Description of shares purchasedOrdinary shares of RM0-50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)10,000
Minimum price paid for each share purchased ($$)1.210
Maximum price paid for each share purchased ($$)1.210
Total consideration paid ($$)12,189.23
Number of shares purchased retained in treasury (units)10,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)1,324,500
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 (%)1.52


PRESTAR - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NamePRESTAR RESOURCES BERHAD  
Stock Name PRESTAR  
Date Announced17 Dec 2013  
CategoryGeneral Meetings
Reference NoMB-131217-66875

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting17/12/2013
Time10:00 AM
VenueTempler Hall, First Floor, Perangsang Templer Golf Club, No. 1, Templer Park Resort, 48000 Rawang, Selangor Darul Ehsan
Outcome of Meeting
On behalf of the Board of Directors of Prestar, AmInvestment Bank Berhad is pleased to announce that the shareholders of Prestar have at the EGM held today, approved all the resolutions as set out in the Notice of EGM dated 29 November 2013 in relation to the Proposed ESOS.
This announcement is dated 17 December 2013.


AKNIGHT - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):OTHER ISSUE OF SECURITIES

Announcement Type: General Announcement
Company NameASIA KNIGHT BERHAD  
Stock Name AKNIGHT  
Date Announced17 Dec 2013  
CategoryGeneral Announcement
Reference NoMB-131217-32982

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
ASIA KNIGHT BERHAD (“A-KNIGHT” OR THE “COMPANY”)

PROPOSED SETTLEMENT OF DEBT OWING TO PRIME FOREST PRODUCTS (M) SDN BHD AND SEE SENG LAI & SONS REALTY SDN BHD VIA ISSUANCE OF 12,319,708 NEW ORDINARY SHARES OF RM1.00 EACH IN A-KNIGHT (“A-KNIGHT SHARES”), REPRESENTING APPROXIMATELY 21.2% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY, AT ISSUE PRICE OF RM1.20 PER SHARE (“PROPOSED CAPITALISATION”)
On behalf of the Board of Directors of A-Knight, AmInvestment Bank Berhad wishes to announce that A-Knight and its wholly-owned subsidiary, Pahanco Manufacturing Sdn Bhd had on 17 December 2013 entered into a debt settlement agreement with Prime Forest Products (M) Sdn Bhd (“PFPSB”) and See Seng Lai & Sons Realty Sdn Bhd (“SSLSB”) for the settlement of debt owing to PFPSB and SSLSB amounting to RM11,418,651 and RM3,365,000 respectively, via the issuance of 12,319,708 new A-Knight Shares at issue price of RM1.20 per share.
Please refer to the attached announcement for further details on the Proposed Capitalisation.

This announcement is dated 17 December 2013.

Attachments

Announcement.pdf
136 KB



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