OSKVI - OTHERS OSK VENTURES INTERNATIONAL BERHAD ("OSKVI" or "the Company") -DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
| Company Name | OSK VENTURES INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | OSKVI |
| Date Announced | 24 Dec 2013 |
| Category | General Announcement |
| Reference No | OV-131224-68580 |
| Type | Announcement | ||||||||||||||||||||||||||||||||||||
| Subject | OTHERS | ||||||||||||||||||||||||||||||||||||
| Description | OSK VENTURES INTERNATIONAL BERHAD ("OSKVI" or "the Company") -DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD | ||||||||||||||||||||||||||||||||||||
Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to inform that the aggregate sale consideration of quoted securities by the Company for the preceding 12 months, which has not been announced, has exceeded 5% of OSKVI’s latest audited consolidated net assets, details are as follows:-
This announcement is dated 24 December 2013.
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HIBISCS - OTHERS HIBISCUS PETROLEUM BERHAD (“HIBISCUS PETROLEUM” OR THE “COMPANY”) • Result from Block 50 Oman Drilling
| Company Name | HIBISCUS PETROLEUM BERHAD |
| Stock Name | HIBISCS |
| Date Announced | 24 Dec 2013 |
| Category | General Announcement |
| Reference No | HP-131224-27486 |
| Type | Announcement |
| Subject | OTHERS |
| Description | HIBISCUS PETROLEUM BERHAD (“HIBISCUS PETROLEUM” OR THE “COMPANY”) • Result from Block 50 Oman Drilling |
HIBISCUS Petroleum Berhad (“Hibiscus Petroleum” or the “Company”) wishes to announce that Masirah Oil Limited, a jointly-controlled entity of Lime Petroleum Plc, suspended (on 19 December 2013), for safety reasons, its 1st exploration well, Masirah North North #1 (“MNN #1”) in Block 50 Oman for further evaluation. The MNN #1 well was drilled to a total depth of approximately 1,000 metres below mean sea level. Mud losses in two carbonate sections of the well prevented Masirah Oil Limited from reaching its planned target depth. A comprehensive data
acquisition, coring and logging programme of the formations that were drilled
was completed on 21 December 2013. Data analysis indicates presence of non-commercial hydrocarbons. Datasets acquired from the coring and logging programs are now being utilised to refine the geological understanding of the area. In addition, the information acquired has assisted all partners in the Oman Block 50 project to identify a 2nd exploration well as the next drilling location. It is anticipated that drilling at this location will commence within the next two weeks. This announcement is dated 24 December 2013. | |
HIBISCS - OTHERS Press Release - Outcome of Maiden Well Drilled in Oman
| Company Name | HIBISCUS PETROLEUM BERHAD |
| Stock Name | HIBISCS |
| Date Announced | 24 Dec 2013 |
| Category | General Announcement |
| Reference No | HP-131224-11FD5 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Press Release - Outcome of Maiden Well Drilled in Oman |
Please find attached a press release dated 24 December 2013 entitled “Outcome of Maiden Well Drilled in Oman”.
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HIBISCS - HIBISCS-Resumption of Trading
| Company Name | HIBISCUS PETROLEUM BERHAD |
| Stock Name | HIBISCS |
| Date Announced | 24 Dec 2013 |
| Category | Listing Circular |
| Reference No | GG-131224-62725 |
LISTING'S CIRCULAR NO. L/Q : 69570 OF 2013
Further to Listing's Circular No. L/Q 69559 of 2013, kindly be advised that trading in the above Company's securities will resume with effect from 9.00 a.m., Thursday, 26 December 2013.
Your attention is drawn to the Company's announcements dated 24 December 2013.
SUBUR - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | SUBUR TIASA HOLDINGS BERHAD |
| Stock Name | SUBUR |
| Date Announced | 24 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131223-56308 |
| Type | Announcement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Description | RELATED PARTY TRANSACTION – ACQUISITION OF EQUITY INTEREST FROM RH CAPITAL LIMITED | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Introduction Subur Tiasa Holdings Berhad (“STHB” or “the Company”) wishes to announce that STHB had on 24 December 2013 acquired 10,600,000 ordinary shares in RH Petrogas Limited (“RHP”) (“Sale Shares”), representing 1.45% of the total equity interests in RHP, from the related party, RH Capital Limited (“RHC”) for a total cash consideration of Ringgit Malaysia Sixteen Million Seven Hundred Fifteen Thousand Two Hundred Fifty Seven Only (RM16,715,257) (equivalent to SGD6,466,000) [“Acquisition”]: (1) Information on RHP and RHC RHP was listed on Singapore Stock Exchange. RHC was incorporated on 15 November 2010 in Labuan and has its registered office at Level 15B, Main Office Tower, Financial Park Labuan, Jalan Merdeka, 87000 Labuan F.T., Malaysia. Currently, the business activity carried out by RHC is investment holding. The directors and substantial shareholders of RHC and their respective shareholdings are as follows: Name Shareholding (Direct) Shareholding (Deemed) No. of ordinary share % No. of ordinary share % Director and Substantial shareholder: Tan Sri Datuk Sir Tiong Hiew King 1,500,000 50% Nil Nil Tiong Chiong Ong 1,500,000 50% Nil Nil (2) Basis of purchase consideration and source of funding The purchase consideration of RM16,715,257 (“Purchase Consideration”) was arrived at based on “willing-buyer willing-seller” taking into consideration the closing price of the Sale Shares as at 19 December 2013. The Purchase Consideration shall be funded by utilising internal generated funds. (3) Effect of the Acquisition The Acquisition is not expected to have a material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of the Company. (4) Prospects and risk factors STHB is of the view that the prospects of the Acquisition is positive and manageable. STHB does not envisage any specific risk to be associated with the Acquisition except for typical equity investment risk. (5) Particulars of all liabilities including contingent liabilities and guarantees to be assumed by the Company, arising from the Acquisition There is no liability including contingent liability to be assumed by the Company, arising from the Acquisition. (6) Original cost of investment of the Sale Shares and the date of such investment The Sale Shares were acquired by RHP on 13 August 2012?for a total consideration sum of RM12,899,232 (equivalent to SGD5,215,200). (7) Whether the Acquisition is subject to the approval of shareholders and the relevant government authorities and the estimated time frame for submission of the application to the relevant authorities The Acquisition is not subject to the approval of the shareholders and the relevant government authorities. (8) The nature and extent of the interests of the directors and/or major shareholder YBhg. Tan Sri Datuk Sir Tiong Hiew King is the major shareholder of STHB and also a director and shareholder of RHC. YBhg. Tan Sri Datuk Sir Tiong Hiew King is also the father of STHB’s Managing Director, YBhg. Dato’ Tiong Ing and a brother to STHB’s Non Executive Chairman, Mr. Tiong Kiong King. Mr. Tiong Chiong Ong is the son of YBhg. Tan Sri Datuk Sir Tiong Hiew King. He is also the brother of YBhg. Dato’ Tiong Ing and a nephew to Mr. Tiong Kiong King. Save for the above, none of the directors or major shareholders of STHB or persons connected with them has any interest, direct or indirect, in the Acquisition. (9) Rationale for the Acquisition including any benefit which is expected to accrue to STHB as a result of the Acquisition The Acquisition is for potential growth prospects of RHP and potential appreciation in share value of RHP. (10) The relevant documents for Acquisition and the time and place where the documents may be inspected The relevant documents in connection therewith are available for inspection at the registered office of STHB at No. 66-78, Pusat Suria Permata, Jalan Upper Lanang, C.D.T. 123, 96000 Sibu, Sarawak during normal business hours, for a period of three (3) months from the date of this announcement. (11) The date on which the terms of the Acquisition were agreed upon The terms of the Acquisition were agreed upon on 24 December 2013. (12) Statement by the Audit Committee Having considered the rationale and all other aspects of the Acquisition, the Audit Committee of STHB were of the opinion that the Acquisition is in the best interests of the STHB Group and the terms of the Acquisition is fair, reasonable and on normal commercial terms and hence not detrimental to the interest of the minority shareholders. (13) Statement by the Board of Directors Having considered the rationale and all other aspects of the Acquisition and on the recommendation made by the Audit Committee, the Board of Directors of STHB were of the opinion that the Acquisition is in the best interests of the STHB Group. (14) Estimated timeframe for completion of the Acquisition The Acquisition is estimated to be completed by January 2014. (15) Highest percentage ratio of the Acquisition The highest percentage ratio applicable to the Acquisition pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements is 2.51%. Total amount transacted with RHC for the preceding twelve (12) months There was no transaction with RHC for the preceding 12 months. This announcement is dated 24 December 2013.
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HIGHTEC - HIGHTEC - NOTICE OF BOOK CLOSURE
| Company Name | KUMPULAN H & L HIGH-TECH BERHAD |
| Stock Name | HIGHTEC |
| Date Announced | 24 Dec 2013 |
| Category | Listing Circular |
| Reference No | RN-131224-39276 |
LISTING'S CIRCULAR NO. L/Q : 69568 OF 2013
A single tier interim dividend of 1.5 sen per ordinary share of RM1.00 each.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 13 January 2014 ]
2) The last date of lodgement : [ 16 January 2014 ]
3) Date Payable : [ 28 January 2014 ]
EWEIN - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | EWEIN BERHAD |
| Stock Name | EWEIN |
| Date Announced | 24 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131224-47960 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | - PROPOSED JOINT VENTURE - PROPOSED DIVERSIFICATION |
The Board of Directors of Ewein Berhad (“Ewein” or “the
Company”) wishes to announce that the Company is proposing to undertake the
Proposed Joint Venture and the Proposed Diversification (all as defined in the attached complete announcement). Kindly refer to the attached document for the complete
announcement of the Proposals. This announcement is dated 24 December 2013. | |
DIALOG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | DIALOG GROUP BERHAD |
| Stock Name | DIALOG |
| Date Announced | 24 Dec 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | DG-131224-4378B |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 19/12/2013 | 1,127,800 | |
| Disposed | 19/12/2013 | 1,500,000 |
| Remarks : |
| Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board - 276,854,494 shares Employees Provident Fund Board - 1,500,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 465,054 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 7,829,700 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) (Acquired 1,127,800 shares) - 10,066,167 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 10,245,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) (Disposed 1,400,000 shares) - 11,287,820 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - 2,400,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) (Disposed 100,000 shares) - 860,000 shares Total No. of shares - 321,508,235 shares |
HARNLEN - HARNLEN - NOTICE OF BOOK CLOSURE
| Company Name | HARN LEN CORPORATION BHD |
| Stock Name | HARNLEN |
| Date Announced | 24 Dec 2013 |
| Category | Listing Circular |
| Reference No | RN-131224-38307 |
LISTING'S CIRCULAR NO. L/Q : 69566 OF 2013
Single Tier Special Interim Dividend of 20% in respect of the financial year ending 31 December 2013.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 7 January 2014 ]
2) The last date of lodgement : [ 9 January 2014 ]
3) Date Payable : [ 27 January 2014 ]
EG - OTHERS INCORPORATION OF NEW SUBSIDIARY
| Company Name | EG INDUSTRIES BERHAD |
| Stock Name | EG |
| Date Announced | 24 Dec 2013 |
| Category | General Announcement |
| Reference No | EI-131224-65729 |
| Type | Announcement |
| Subject | OTHERS |
| Description | INCORPORATION OF NEW SUBSIDIARY |
INTRODUCTIONThe Board of Directors of EG Industries Berhad (“EG” or “the Company”) is pleased to inform that the Company has incorporated a new subsidiary under the name of EG R&D Sdn. Bhd. (“EGRD”), company number 1074691-M. INFORMATION ON NEW SUBSIDIARYEGRD was incorporated in Malaysia on 19 December 2013. (The Certificate of Incorporation however was only made available to the Company on 24 December 2013) EGRD has an authorised share capital of RM400,000 divided into 400,000 ordinary shares of RM1.00 each and its existing issued and paid-up capital is RM2.00. RATIONALEEGRD is set up to undertake the Research and Development in electronic, electrical, telecommunication and technology products and other related business which can be carried on in connection with the EG Group’s business activities. FINANCIAL EFFECTSThe investment in EGRD is wholly in cash and the investment is not expected to have any material effect on the earnings and NTA of the Company for the financial year ending 30 June 2014. This investment is expected to contribute positively to the future earnings of the Company. The investment has no effect on the share capital of the Company. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS’ INTERESTNone of the Directors and/or substantial shareholders or persons connected to directors and/or substantial shareholders has any direct or indirect interest in the above investment. APPROVALS REQUIREDThe above investment does not require the approval of shareholders or any relevant authorities. STATEMENT BY DIRECTORSThe Directors are of the opinion that the above investment is in the best interest of the Company. This announcement is dated 24 December 2013. | |
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