December 4, 2013

Company announcements: MULPHA, TM, UEMS, GAMUDA, PARKSON, LBS, KPS

MULPHA - OTHERS MULPHA INTERNATIONAL BHD (“MIB”) - Subscription of Shares by Mulpha Strategic Limited (a subsidiary of MIB) in Flame Gold Group Limited and View Link Global Limited

Announcement Type: General Announcement
Company NameMULPHA INTERNATIONAL BERHAD  
Stock Name MULPHA  
Date Announced4 Dec 2013  
CategoryGeneral Announcement
Reference NoMI-131204-AB8DF

TypeAnnouncement
SubjectOTHERS
DescriptionMULPHA INTERNATIONAL BHD (“MIB”)
- Subscription of Shares by Mulpha Strategic Limited (a subsidiary of MIB) in Flame Gold Group Limited and View Link Global Limited

We wish to announce that pursuant to Chapter 9, Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mulpha Strategic Limited, a wholly-owned subsidiary of Mulpha Group Services Sdn Bhd, which in turn is a wholly-owned subsidiary of MIB has on 4 December 2013, subscribed for 1 share of US$1 each, representing 100% of the total issued and paid-up share capital of the following companies for a total consideration of US$1:-

Name of Companies

Authorised Capital

Paid-up Capital

Intended Principal Activity

Flame Gold Group Limited

US$50,000

US$1

Investment holding

View Link Global Limited

US$50,000

US$1

Investment holding and consultancy services

Flame Gold Group Limited and View Link Global Limited were incorporated in British Virgin Islands on 8 November 2013 and 12 November 2013 respectively.

None of the directors or substantial shareholders of MIB or persons connected with them has any interest, direct or indirect in the aforesaid subscription.


This announcement is dated 4 December 2013.



TM - OTHERS UPDATE ON TRIPARTITE COLLABORATION AGREEMENT BETWEEN TELEKOM MALAYSIA BERHAD (“TM”), ISKANDAR INVESTMENT BERHAD (“IIB”) AND UEM LAND BERHAD (“UEML”) TO PARTICIPATE IN THE DEVELOPMENT AND MANAGEMENT OF THE PROPOSED PROJECT IN NUSAJAYA

Announcement Type: General Announcement
Company NameTELEKOM MALAYSIA BERHAD  
Stock Name TM  
Date Announced4 Dec 2013  
CategoryGeneral Announcement
Reference NoTM-131204-4260E

TypeAnnouncement
SubjectOTHERS
DescriptionUPDATE ON TRIPARTITE COLLABORATION AGREEMENT BETWEEN TELEKOM MALAYSIA BERHAD (“TM”), ISKANDAR INVESTMENT BERHAD (“IIB”) AND UEM LAND BERHAD (“UEML”) TO PARTICIPATE IN THE DEVELOPMENT AND MANAGEMENT OF THE PROPOSED PROJECT IN NUSAJAYA
We refer to our announcements dated 4 December 2012, 26 April 2013 and 3 June 2013 in respect of the Collaboration Agreement (“CA”) entered into between TM, UEML and IIB (“Parties”) to participate in the provision of Information Communication and Technology (ICT) infrastructure and telecommunication services in Nusajaya, Iskandar Malaysia.
TM wishes to inform that subsequent to the first Definitive Agreement signed on 26 April 2013 on the provision of TM’s UniFi Bundling Service between TM and UEML, and the extension of the CA announced on 3 June 2013, the Parties are still in negotiation to conclude and finalise the Definitive Agreement(s) in the other areas of collaboration. The Parties therefore have agreed to extend the CA for a further duration of six (6) months from today until 3 June 2014 or such other date as the Parties may agree in writing.

This announcement is dated 4 December 2013.


TM - OTHERS UPDATE ON FIVE-PARTY COLLABORATION AGREEMENT BETWEEN TELEKOM MALAYSIA BERHAD (“TM”), ISKANDAR INVESTMENT BERHAD (“IIB”), UEM LAND BERHAD (“UEML”), CENTIOS CO. LTD. (“CENTIOS”) AND CISCO SYSTEMS INTERNATIONAL BV (“CISCO”) (“FIVE-PARTY CA”)

Announcement Type: General Announcement
Company NameTELEKOM MALAYSIA BERHAD  
Stock Name TM  
Date Announced4 Dec 2013  
CategoryGeneral Announcement
Reference NoTM-131204-634DD

TypeAnnouncement
SubjectOTHERS
DescriptionUPDATE ON FIVE-PARTY COLLABORATION AGREEMENT BETWEEN TELEKOM MALAYSIA BERHAD (“TM”), ISKANDAR INVESTMENT BERHAD (“IIB”), UEM LAND BERHAD (“UEML”), CENTIOS CO. LTD. (“CENTIOS”) AND CISCO SYSTEMS INTERNATIONAL BV (“CISCO”) (“FIVE-PARTY CA”)
We refer to our announcements on 4 December 2012 and 3 June 2013 in respect of the Collaboration Agreement (“CA”) entered into between TM, UEML, IIB, Centios and Cisco (“Parties”) to explore opportunities available for providing smart city and smart building infrastructure and services, as well as the proposed establishment of a Global Innovation Centre in Nusajaya in Iskandar Malaysia.
We wish to announce that the CA has expired on 3 December 2013 and the Parties have no intention to seek for a further extension.

This announcement is dated 4 December 2013.


UEMS - OTHERS UEM SUNRISE BERHAD (“UEMS” OR “COMPANY”) UPDATES IN RELATION TO THE COLLABORATIVE AGREEMENT BETWEEN UEM LAND BERHAD (“UEM LAND”), ISKANDAR INVESTMENT BERHAD (“IIB”), TELEKOM MALAYSIA BERHAD (“TM”), CENTIOS CO LTD (“CENTIOS”) AND CISCO SYSTEM INTERNATIONAL BV (“CISCO”) DATED 4 DECEMBER 2012

Announcement Type: General Announcement
Company NameUEM SUNRISE BERHAD  
Stock Name UEMS  
Date Announced4 Dec 2013  
CategoryGeneral Announcement
Reference NoUS-131204-F766B

TypeAnnouncement
SubjectOTHERS
DescriptionUEM SUNRISE BERHAD (“UEMS” OR “COMPANY”)

UPDATES IN RELATION TO THE COLLABORATIVE AGREEMENT BETWEEN UEM LAND BERHAD (“UEM LAND”), ISKANDAR INVESTMENT BERHAD (“IIB”), TELEKOM MALAYSIA BERHAD (“TM”), CENTIOS CO LTD (“CENTIOS”) AND CISCO SYSTEM INTERNATIONAL BV (“CISCO”) DATED 4 DECEMBER 2012

The Company refers to its announcements on 4 December 2012, 4 March 2013 and 3 June 2013 in respect of the Collaboration Agreement (“CA”) entered into between its wholly-owned subsidiary, UEM Land, IIB, TM, Centios and Cisco (“Parties”) to participate in the establishment of a managed services operating company to realize the aspirations of a Smart and Connected Nusajaya.

We wish to announce that the CA has expired on 3 December 2013 and there is no intention to seek for a further extension.

This announcement is dated 4 December 2013.



UEMS - OTHERS UEM SUNRISE BERHAD (“UEMS” OR “COMPANY”) UPDATES IN RELATION TO THE COLLABORATIVE AGREEMENT BETWEEN UEM LAND BERHAD (“UEM LAND”), ISKANDAR INVESTMENT BERHAD (“IIB”) AND TELEKOM MALAYSIA BERHAD (“TM”) DATED 4 DECEMBER 2012

Announcement Type: General Announcement
Company NameUEM SUNRISE BERHAD  
Stock Name UEMS  
Date Announced4 Dec 2013  
CategoryGeneral Announcement
Reference NoUS-131204-E4F77

TypeAnnouncement
SubjectOTHERS
DescriptionUEM SUNRISE BERHAD (“UEMS” OR “COMPANY”)

UPDATES IN RELATION TO THE COLLABORATIVE AGREEMENT BETWEEN UEM LAND BERHAD (“UEM LAND”), ISKANDAR INVESTMENT BERHAD (“IIB”) AND TELEKOM MALAYSIA BERHAD (“TM”) DATED 4 DECEMBER 2012

We refer to our announcements dated 4 December 2012, 26 April 2013 and 3 June 2013 in respect of the Collaboration Agreement (“CA”) entered into between UEM Land, IIB and TM (“Parties”) to participate in the provision of Information Communication and Technology (ICT) infrastructure and telecommunication services in Nusajaya, Iskandar Malaysia.

The Company wishes to inform that subsequent to the first Definitive Agreement signed on 26 April 2013 in the area of UniFi Bundling Service and the subsequent extension of the CA announced on 3 June 2013, all parties are still in negotiations to conclude and finalise the Definitive Agreement(s) in other areas of collaboration. All parties have also agreed to extend the period of validity of the CA for an additional duration of six (6) months from the date hereof until 3 June 2014 or such other date as the Parties may agree in writing.

This announcement is dated 4 December 2013.



GAMUDA - OTHERS GAMUDA BERHAD (“GAMUDA” OR “THE COMPANY”) CONSOLIDATION OF THE SELANGOR WATER INDUSTRY – INDICATIVE TERMS AND CONDITIONS FOR PROPOSED PURCHASE OF 100% EQUITY IN SYARIKAT PENGELUAR AIR SELANGOR HOLDINGS BERHAD (“SPLASH HOLDINGS”) FROM KUMPULAN DARUL EHSAN BERHAD (“KDEB”)

Announcement Type: General Announcement
Company NameGAMUDA BERHAD  
Stock Name GAMUDA  
Date Announced4 Dec 2013  
CategoryGeneral Announcement
Reference NoMI-131204-64479

TypeAnnouncement
SubjectOTHERS
DescriptionGAMUDA BERHAD (“GAMUDA” OR “THE COMPANY”)

CONSOLIDATION OF THE SELANGOR WATER INDUSTRY – INDICATIVE TERMS AND CONDITIONS FOR PROPOSED PURCHASE OF 100% EQUITY IN SYARIKAT PENGELUAR AIR SELANGOR HOLDINGS BERHAD (“SPLASH HOLDINGS”) FROM KUMPULAN DARUL EHSAN BERHAD (“KDEB”)
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 22 November 2013 in relation to the above.
      We refer to the announcement dated 22 November 2013 in relation to the above.

      On behalf of the Board of Directors of Gamuda, RHB Investment Bank Berhad (“RHBIB”) wishes to announce that Gamuda (in consultation with RHBIB) had vide its letter dated 4 December 2013 (“Letter”) informed KDEB that at this juncture, the Company is unable to consider the Offer due to, amongst others, the following:

      (i) a key component in the earlier offer letter dated 20 February 2013 was removed, namely the payment of SPLASH’s surplus book value of assets over liabilities (including receivables) which has resulted in the substantial amount of surplus assets of SPLASH not being added to the Offer. This has resulted in an approximately 90% reduction in the offer consideration for SPLASH Holdings as compared to the earlier offer.
        (ii) the valuation methodology of using a return on Splash Equity of 12% per annum is not fair as it does not take into account the remaining tenure of SPLASH’s concession. We are of the view that the methodology used should fairly compensate for the loss of future earnings of SPLASH over the remaining period of the concession; and
          (iii) KDEB has not indicated in its Offer if it will retain the existing operations and maintenance operators of SPLASH at existing terms after the completion of the proposed purchase of SPLASH Holdings by KDEB.

          However, the Company will continue to seek further clarifications on the matters raised in the Letter for all parties involved to reach mutually agreed terms and conditions.
          While the Company is unable to consider the Offer at this juncture, subject to all matters being satisfactorily concluded and agreed upon, including the unconditional approval of the Board of Directors and shareholders of Gamuda and/or the appropriate and relevant authorities, the Company is willing to pursue an agreement with KDEB.
      This announcement is dated 4 December 2013.


      PARKSON - Changes in Sub. S-hldr's Int. (29B) - GIC Private Limited

      Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Company NamePARKSON HOLDINGS BERHAD  
      Stock Name PARKSON  
      Date Announced4 Dec 2013  
      CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Reference NoPH-131204-B7B0F

      Particulars of substantial Securities Holder

      NameGIC Private Limited
      Address168 Robinson Road, #37-01 Capital Tower, Singapore 068912
      NRIC/Passport No/Company No.2265/81
      Nationality/Country of incorporationSingapore
      Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
      Name & address of registered holderCartaban Nominees (Asing) Sdn Bhd
      P.O.Box 13150
      50732 Kuala Lumpur

      Details of changes

      Currency: Malaysian Ringgit (MYR)

      Type of transactionDate of change
      No of securities
      Price Transacted (RM)
      Acquired29/11/2013
      38,500
       

      Circumstances by reason of which change has occurredBuy via the open market
      Nature of interestDirect
      Direct (units) 
      Direct (%) 
      Indirect/deemed interest (units) 
      Indirect/deemed interest (%) 
      Total no of securities after change63,711,642
      Date of notice04/12/2013

      Remarks :
      GIC Private Limited was formerly known as Government of Singapore Investment Corporation Pte Ltd


      LBS - Notice of Shares Buy Back by a Company pursuant to Form 28A

      Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
      Company NameLBS BINA GROUP BERHAD  
      Stock Name LBS  
      Date Announced4 Dec 2013  
      CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
      Reference NoLB-131202-4F632

      Date of buy back from20/11/2013
      Date of buy back to22/11/2013
      CurrencyMalaysian Ringgit (MYR)
      Total number of shares purchased (units)286,500
      Minimum price paid for each share purchased ($$)1.560
      Maximum price paid for each share purchased ($$)1.600
      Total amount paid for shares purchased ($$)453,302.92
      The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
      Number of shares purchased retained in treasury (units)286,500
      Total number of shares retained in treasury (units)11,451,000
      Number of shares purchased which were cancelled (units)0
      Total issued capital as diminished0
      Date lodged with registrar of companies04/12/2013
      Lodged by Lee Ching Ching


      KPS - OTHERS KUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR” OR “COMPANY”) OFFER TO PURCHASE 30% EQUITY INTEREST IN SYARIKAT PENGELUAR AIR SELANGOR HOLDINGS BERHAD (“SPLASH HOLDINGS”) BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), A COMPANY WHOLLY-OWNED BY THE SELANGOR STATE GOVERNMENT VIA MENTERI BESAR SELANGOR (INCORPORATED) (“MBI”) (“PROPOSED ACQUISITION”)

      Announcement Type: General Announcement
      Company NameKUMPULAN PERANGSANG SELANGOR BERHAD  
      Stock Name KPS  
      Date Announced4 Dec 2013  
      CategoryGeneral Announcement
      Reference NoMI-131204-64353

      TypeAnnouncement
      SubjectOTHERS
      DescriptionKUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR” OR “COMPANY”)

      OFFER TO PURCHASE 30% EQUITY INTEREST IN SYARIKAT PENGELUAR AIR SELANGOR HOLDINGS BERHAD (“SPLASH HOLDINGS”) BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), A COMPANY WHOLLY-OWNED BY THE SELANGOR STATE GOVERNMENT VIA MENTERI BESAR SELANGOR (INCORPORATED) (“MBI”) (“PROPOSED ACQUISITION”)

      Reference is made to the Company’s announcement dated 21 November 2013 in respect of the receipt of the offer letter dated 21 November 2013 (“Offer Letter”) from its holding company, KDEB to acquire its entire equity holding of 30.00% in SPLASH Holdings which is held via its wholly-owned subsidiary, Viable Chip (M) Sdn Bhd (“Offer”).

      The Board of Directors of Perangsang Selangor (“Board”) wishes to announce that the Board, save for YM Raja Haji Idris Raja Kamarudin and En. Suhaimi Bin Kamaralzaman (collectively referred to as “Interested Directors”), has deliberated on the terms and conditions of the Offer as set out in the Offer Letter and has resolved to accept the Offer in-principle subject to, amongst others, the following additional terms and conditions for KDEB’s consideration:

      (i) Pengurusan Aset Air Berhad (“PAAB”) shall acquire the water assets of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”) at its book value to be determined based on a completion audit to be undertaken by an independent auditor to be jointly engaged by PAAB, KDEB and the shareholders of SPLASH. Arising from the completion audit, any surplus of the book value of the water assets over the liabilities of SPLASH to be assumed by PAAB shall be payable to SPLASH;

      (ii) the amount of receivables due from Syarikat Bekalan Air Selangor Sdn Bhd and Perbadanan Urus Air Selangor respectively to SPLASH as of the completion date shall be verified by an independent auditor within a period of time to be agreed between the parties and must be settled in full as part of completion;

      (iii) the amount owing by KDEB to KPS must be fully settled by KDEB; and

      (iv) in respect of the due diligence inquiry that KDEB intends to carry out on SPLASH Holdings and SPLASH, the determination of whether the results of such due diligence are satisfactory shall not be a unilateral decision on the part of KDEB, but such determination shall be based on criteria as shall be mutually agreed between KDEB and KPS.

      The Interested Directors have abstained and will continue to abstain from all deliberations and voting at the Board meetings of the Company pertaining to the Offer.

      The Company will keep shareholders informed and will make the necessary announcement as and when there are developments relating to the Offer.

      This announcement is dated 4 December 2013.



      KPS - OTHERS KUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR” OR “COMPANY”) OFFER TO PURCHASE 90.83% EQUITY INTEREST IN TITISAN MODAL (M) SDN BHD (“TMSB”) BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), A COMPANY WHOLLY-OWNED BY THE SELANGOR STATE GOVERNMENT VIA MENTERI BESAR SELANGOR (INCORPORATED) (“MBI”) (“PROPOSED ACQUISITION”)

      Announcement Type: General Announcement
      Company NameKUMPULAN PERANGSANG SELANGOR BERHAD  
      Stock Name KPS  
      Date Announced4 Dec 2013  
      CategoryGeneral Announcement
      Reference NoMI-131204-65141

      TypeAnnouncement
      SubjectOTHERS
      DescriptionKUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR” OR “COMPANY”)

      OFFER TO PURCHASE 90.83% EQUITY INTEREST IN TITISAN MODAL (M) SDN BHD (“TMSB”) BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), A COMPANY WHOLLY-OWNED BY THE SELANGOR STATE GOVERNMENT VIA MENTERI BESAR SELANGOR (INCORPORATED) (“MBI”) (“PROPOSED ACQUISITION”)

      Reference is made to the Company’s announcement dated 21 November 2013 in respect of the receipt of the offer letter dated 21 November 2013 (“Offer Letter”) from its holding company, KDEB to acquire its entire equity holding of 90.83% in TMSB (“Offer”).

      The Board of Directors of Perangsang Selangor (“Board”) wishes to announce that the Board, save for YM Raja Haji Idris Raja Kamarudin and En. Suhaimi Bin Kamaralzaman (collectively referred to as “Interested Directors”), has deliberated on the terms and conditions of the Offer as set out in the Offer Letter and has resolved to accept the Offer in-principle subject to, amongst others, the following additional terms and conditions for KDEB’s consideration:

      (i) the amount of receivables due from Syarikat Bekalan Air Selangor Sdn Bhd and Perbadanan Urus Air Selangor respectively to Konsortium Abass Sdn Bhd (“ABASS”), a wholly-owned subsidiary of TMSB, as of the completion date shall be verified by an independent auditor within a period of time to be agreed between the parties and must be settled in full as part of completion;

      (ii) the amount owing by KDEB and TMSB to KPS must be fully settled by KDEB; and

      (iii) in respect of the due diligence inquiry that KDEB intends to carry out on TMSB and ABASS, the determination of whether the results of such due diligence are satisfactory shall not be a unilateral decision on the part of KDEB, but such determination shall be based on criteria as shall be mutually agreed between KDEB and KPS.

      The Interested Directors have abstained and will continue to abstain from all deliberations and voting at the Board meetings of the Company pertaining to the Offer.

      The Company will keep shareholders informed and will make the necessary announcement as and when there are developments relating to the Offer.

      This announcement is dated 4 December 2013.



      No comments:

      Post a Comment