December 16, 2013

Company announcements: FASTRAK, BKAWAN, UTDPLT, BJASSET, IJM, MEDIA, UNICO

FASTRAK - Circular/Notice to Shareholders

Announcement Type: PDF Submission
Company NameFAST TRACK SOLUTION HOLDINGS BERHAD (ACE Market) 
Stock Name FASTRAK  
Date Announced16 Dec 2013  
CategoryPDF Submission
Reference NoOS-131216-41415

SubjectCIRCULAR TO SHAREHOLDERS IN RELATION TO THE:-

PART A
PROPOSED DIVERSIFICATION OF THE BUSINESS OF FAST TRACK SOLUTION HOLDINGS BERHAD INTO RENEWABLE ENERGY

PART B
PROPOSED CHANGE OF THE COMPANY’S NAME FROM “FAST TRACK SOLUTION HOLDINGS BERHAD” TO “VSOLAR GROUP BERHAD”

Attachments

Fast Track (circular)_Final.pdf
193 KB





BKAWAN - Change of Address

Announcement Type: Change of Address
Company NameBATU KAWAN BERHAD  
Stock Name BKAWAN  
Date Announced16 Dec 2013  
CategoryChange of Address
Reference NoBK-131214-43061

Change descriptionRegistrar 
Old address 55, Medan Ipoh 1A, Medan Ipoh Bistari,
31400 Ipoh, Perak Darul Riduan. 
New addressLevel 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/456
47301 Petaling Jaya
Selangor 
Name of RegistrarSymphony Share Registrars Sdn Bhd 
Telephone no03-78418000 
Facsimile no03-78418151  
E-mail addressask_us@symphony.com.my 
Effective date01/01/2014 

UTDPLT - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameUNITED PLANTATIONS BERHAD  
Stock Name UTDPLT  
Date Announced16 Dec 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoUP-131214-73EE5

Date of buy back13/12/2013
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)25,103
Minimum price paid for each share purchased ($$)25.200
Maximum price paid for each share purchased ($$)25.200
Total consideration paid ($$)632,653.00
Number of shares purchased retained in treasury (units)25,103
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)178,629
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 (%)0.0858

Remarks :
These purchases are made on the Nasdaq OMX Copenhagen. Because of the 7 hours timing difference, the information is only received in Malaysia the following day, and hence the announcement to Bursa is only made the following business day.

BJASSET - DISPOSAL OF 20% EQUITY INTEREST IN BERJAYA TIMES SQUARE SDN BHD (“BTSSB”) FOR A CASH CONSIDERATION OF RM250.00 MILLION (“DISPOSAL”)

Announcement Type: General Announcement
Company NameBERJAYA ASSETS BERHAD  
Stock Name BJASSET  
Date Announced16 Dec 2013  
CategoryGeneral Announcement
Reference NoBA-131216-39460

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDCY-131212-56597
SubjectDISPOSAL OF 20% EQUITY INTEREST IN BERJAYA TIMES SQUARE SDN BHD (“BTSSB”) FOR A CASH CONSIDERATION OF RM250.00 MILLION (“DISPOSAL”)
DescriptionDISPOSAL OF 20% EQUITY INTEREST IN BERJAYA TIMES SQUARE SDN BHD (“BTSSB”) FOR A CASH CONSIDERATION OF RM250.00 MILLION (“DISPOSAL”)
Query Letter Contents We refer to your Company's announcement dated 10 December 2013 in respect of
the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1) To quantify the discount of the market price to the net assets of Berjaya
Assets Bhd's shares that was considered by the Board.
2) To quantify the net assets value of the BTSSB Group.
3) To incorporate justification(s) for the disposal consideration of RM250.00
million.
4) To quantify the original cost of investment in BTSSB and to state the date
of such investment.
5) To breakdown and to incorporate explanatory notes on the utilisation of
RM250.00 million for working capital and/or future investments.
6) To clarify the basis of arriving at the exceptional loss of RM149.15 million.
7) To state the effect of the Disposal on gearing, if any.
8) To state the estimated timeframe to complete the Disposal.

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

Yours faithfully




SUZALINA HARUN
Head, Issuers
Listing Division
Regulation

/WCY

Copy to:- General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax)
We refer to the Company’s announcement dated 10 December 2013 (“Announcement”) and the query letter from Bursa Malaysia Securities Berhad dated 12 December 2013 in relation to the Announcement on the Disposal.
Unless otherwise stated, defined terms used in this announcement shall carry the same meaning as defined in the Announcement.

The Board of Directors of BAssets is pleased to provide the additional information relating to the Disposal as set out below:-

1. The discount of the market price to the net assets value (“NAV”) of BAssets which was considered by the Board was based on the 5-day weighted average market price of BAssets shares up to 5 December 2013 of RM0.87 per share and the latest audited NAV of BAssets Group as at 30 June 2013 of RM1.99 per share, which gave a discount of RM1.12 or 56%.

2. The latest audited NAV of BTSSB Group as at 30 June 2013 is RM1.995 billion.

3. BAssets has intention to raise cash for the Group’s funding requirements as set out in item 5 below. The Disposal will enable the Group to raise cash without the need to resort to borrowings. The Company’s shares have been trading below its RM1.00 par value for more than a year. As such, any proposal to place out new BAssets shares to investors to raise cash will not be attractive.
      The Board also took into account the fact that it is a minority stake in an unlisted subsidiary company as well as the business acumen and stature of DYMM Sultan Ibrahim.

As set out in the Announcement, the RM250.00 million cash consideration was arrived at on a willing buyer willing seller basis after taking into consideration, amongst others, the discount attached to BAssets shares as well as the NAV of the BTSSB Group. The sales price of RM1.67 per BTSSB share represents a discount of 37% or RM0.99 per BTSSB share based on the latest audited NAV of BTSSB Group as at 30 June 2013 of RM1.995 billion or RM2.66 per BTSSB share.

4. The date and cost of investment in BTSSB are on 23 December 2004 and RM1.215 billion respectively.

5. The RM250.00 million cash proceeds shall basically be utilized for working capital and potential investments both locally and/or overseas (including those under negotiations).

6. The exceptional loss of RM149.15 million was derived as follows:

RM’million
Cash consideration for Disposal
250.00
20% of the audited NAV of BTSSB Group as at 30 June 2013
399.15
Exceptional loss to BAssets Group
149.15

7. The proforma effects of the Disposal on the gearing of BAssets Group (on the assumption that there is no repayment of borrowings) based on the latest audited accounts of BAssets Group as at 30 June 2013 are as follows:

Before Disposal
After Disposal
Total borrowings (RM’million)
523.14
523.14
Total equity (RM’million)
2,213.95
2,463.95^
Gearing ratio (times)
0.24
0.21
      ^ After deducting exceptional loss of RM149.15 million and adding share of non-controlling interests of RM399.15 million (i.e. 20% of the audited NAV of BTSSB Group as at 30 June 2013)

8. The estimated timeframe to complete the Disposal is within 14 days from the date of the SSA.


This announcement is dated 16 December 2013.

IJM - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameIJM CORPORATION BERHAD  
Stock Name IJM  
Date Announced16 Dec 2013  
CategoryAdditional Listing Announcement (ALA)
Reference NoIC-131216-29790

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?		No
Types of corporate proposalOthers
Details of corporate proposalConversion of Warrants (IJM-WC)
No. of shares issued under this corporate proposal116,700
Issue price per share ($$)MYR 4.000
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units1,411,896,259
CurrencyMYR 1,411,896,259.000
Listing Date17/12/2013

MEDIA - 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 NameMEDIA PRIMA BERHAD  
Stock Name MEDIA  
Date Announced16 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMP-131216-F9110

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 RM1.00 each
Name & address of registered holder1.Employees Provident Fund Board ("EPF Board")
Ibu Pejabat KWSP, Bangunan KWSP,
Jalan Raja Laut, 50350 Kuala Lumpur

2.Citigroup Nominees(Tempatan)Sdn Bhd("Citigroup") EPF Board
3.Citigroup EPF Board(NOMURA)
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
500,000
 

Circumstances by reason of which change has occurred2. Citigroup Nominees(Tempatan)Sdn Bhd("Citigroup") EPF Board-Acquisition of 500,000 shares
Nature of interestDirect
Direct (units)185,182,943 
Direct (%)16.83 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change185,182,943
Date of notice12/12/2013

Remarks :
1.The total number of 185,182,943 ordinary shares comprised of the following:-
a)Employees Provident Fund Board-1,500,000
b)Citigroup Nominees(Tempatan)Sdn Bhd("Citigroup")EPF Board-170,691,538
c)Citigroup EPF Board(NOMURA)-12,991,405

The Form 29B was received by the Company on 16 December 2013.

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

Announcement Type: General Announcement
Company NameUNICO-DESA PLANTATIONS BERHAD  
Stock Name UNICO  
Date Announced16 Dec 2013  
CategoryGeneral Announcement
Reference NoUP-131213-99F1B

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionUNICO-DESA PLANTATIONS BERHAD
NOTIFICATION UNDER CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ON DEALINGS IN SECURITIES

We wish to announce that the following Directors have given notices of their dealings in the securities of Unico-Desa Plantations Berhad through IOI Plantation Sdn Bhd pursuant to Paragraph 14.09 (a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad:-

Name of Director

Nature of Interest

Date Transacted

Opening Balance

No of Shares Acquired / (Disposed of)

% of Issued Shares
Capital

Consideration
(per share)

Closing Balance

% Shares Held After Transacted

Dato' Lee Yeow Chor

Indirect

11-12-2013

12-12-2013

13-12-2013

804,901,562

806,226,991

807,542,470

1,325,429

1,315,479

745,707

0.15%

0.15%

0.09%

RM1.17

RM1.17

RM1.17

806,226,991

807,542,470

808,288,177

94.06%

94.21%

94.30%

Lee Yeow Seng

Indirect

11-12-2013

12-12-2013

13-12-2013

804,901,562

806,226,991

807,542,470

1,325,429

1,315,479

745,707

0.15%

0.15%

0.09%

RM1.17

RM1.17

RM1.17

806,226,991

807,542,470

808,288,177

94.06%

94.21%

94.30%

This announcement is dated 16 December 2013.


UNICO - Changes in Director's Interest (S135) - Dato' Lee Yeow Chor

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameUNICO-DESA PLANTATIONS BERHAD  
Stock Name UNICO  
Date Announced16 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoUP-131213-99F2F

Information Compiled By KLSE

Particulars of Director

NameDato' Lee Yeow Chor
AddressNo.6, Jalan Beverly Utama, IOI Resort, 62502 Putrajaya.
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)
Transferred
11/12/2013
1,325,429
1.170 
Transferred
12/12/2013
1,315,479
1.170 
Transferred
13/12/2013
745,707
1.170 

Circumstances by reason of which change has occurred- Transfer of shares pursuant to Take Over Offer.
Nature of interestDeemed interest
Consideration (if any) 

Total no of securities after change

Direct (units)0 
Direct (%)0 
Indirect/deemed interest (units)808,288,177 
Indirect/deemed interest (%)94.3 
Date of notice13/12/2013

Remarks :
Deemed interested by virtue of his interest in Progressive Holdings Sdn Bhd, which in turn holds 100% equity interest in Vertical Capacity Sdn. Bhd.

We received the Notice by a Director pursuant to Section 135 of the Companies Act, 1965 of Dato' Lee Yeow Chor on 16 December 2013.

UNICO - Changes in Director's Interest (S135) - Lee Yeow Seng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameUNICO-DESA PLANTATIONS BERHAD  
Stock Name UNICO  
Date Announced16 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoUP-131213-99F25

Information Compiled By KLSE

Particulars of Director

NameLee Yeow Seng
AddressNo.8, Lingkungan 3, Diamond Hill, IOI Resort, 62502 Putrajaya.
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)
Transferred
11/12/2013
1,325,429
1.170 
Transferred
12/12/2013
1,315,479
1.170 
Transferred
13/12/2013
745,707
1.170 

Circumstances by reason of which change has occurred- Transfer of shares pursuant to Take Over Offer.
Nature of interestDeemed interest
Consideration (if any) 

Total no of securities after change

Direct (units)0 
Direct (%)0 
Indirect/deemed interest (units)808,288,177 
Indirect/deemed interest (%)94.3 
Date of notice13/12/2013

Remarks :
Deemed interested by virtue of his interest in Progressive Holdings Sdn Bhd, which in turn holds 100% equity interest in Vertical Capacity Sdn. Bhd.

We received the Notice by a Director pursuant to Section 135 of the Companies Act, 1965 of Lee Yeow Seng on 16 December 2013.

UNICO - Changes in Sub. S-hldr's Int. (29B) - Puan Sri Datin Hoong May Kuan

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameUNICO-DESA PLANTATIONS BERHAD  
Stock Name UNICO  
Date Announced16 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoUP-131213-99F19

Particulars of substantial Securities Holder

NamePuan Sri Datin Hoong May Kuan
AddressNo. 8, Lingkungan 3, Diamond Hill
IOI Resort, 62502 Putrajaya
Malaysia
NRIC/Passport No/Company No.400819-10-5146
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.25 each
Name & address of registered holderIOI Plantation Sdn Bhd
Two IOI Square, IOI Resort
62502 Putrajaya
Malaysia

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Transferred11/12/2013
1,325,429
 
Transferred12/12/2013
1,315,479
 
Transferred13/12/2013
745,707
 

Circumstances by reason of which change has occurredDeemed interested by virtue of her interest and the interests of her spouse, Tan Sri Dato' Lee Shin Cheng and her sons, Dato' Lee Yeow Chor and Lee Yeow Seng in Progressive Holdings Sdn Bhd, which in turn holds 100% equity interest in Vertical Capacity Sdn Bhd.

- Transfer of shares pursuant to Take Over Offer.
Nature of interestIndirect
Direct (units)0 
Direct (%)0 
Indirect/deemed interest (units)808,288,177 
Indirect/deemed interest (%)94.3 
Total no of securities after change808,288,177
Date of notice13/12/2013

Remarks :
The Form 29B dated 13 December 2013 was received by the Company on 16 December 2013.

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