December 27, 2013

Company announcements: OSKVI, TSTORE, MAXIS

OSKVI - Notice of Interest Sub. S-hldr (29A) - OSK Equity Holdings Sdn. Bhd.

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameOSK VENTURES INTERNATIONAL BERHAD (ACE Market) 
Stock Name OSKVI  
Date Announced27 Dec 2013  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCS-131227-CA308

Particulars of Substantial Securities Holder

NameOSK Equity Holdings Sdn. Bhd.
Address7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.1030788-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderOSK Equity Holdings Sdn. Bhd.
7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired24/12/2013
No of securities53,671,446
Circumstances by reason of which Securities Holder has interestAcquisition of shares via off-market transaction
Nature of interestDirect
Price Transacted ($$)0.450

Total no of securities after change

Direct (units)59,691,459 
Direct (%)30.5 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice27/12/2013


OSKVI - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Ong Leong Huat @ Wong Joo Hwa

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameOSK VENTURES INTERNATIONAL BERHAD (ACE Market) 
Stock Name OSKVI  
Date Announced27 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-131227-CA307

Particulars of substantial Securities Holder

NameTan Sri Ong Leong Huat @ Wong Joo Hwa
Address21, Persiaran Basong, Damansara Heights, 50490 Kuala Lumpur
NRIC/Passport No/Company No.440405-08-5313
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderTan Sri Ong Leong Huat @ Wong Joo Hwa
21, Persiaran Basong, Damansara Heights, 50490 Kuala Lumpur

OSK Equity Holdings Sdn. Bhd.
7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed24/12/2013
53,671,446
0.450 
Acquired24/12/2013
53,671,446
0.450 
Acquired26/12/2013
51,130
0.510 

Circumstances by reason of which change has occurred(1) Disposal of shares via off-market transaction
(2) Acquisition of shares via off-market transaction by OSK Equity Holdings Sdn. Bhd.
Nature of interest(1) Direct
(2) Indirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)60,205,990 
Indirect/deemed interest (%)30.76 
Total no of securities after change60,205,990
Date of notice27/12/2013

Remarks :
The indirect interests of Tan Sri Ong Leong Huat @ Wong Joo Hwa are as follows:-

OSK Equity Holdings Sdn. Bhd. - 59,742,589
OSK Holdings Berhad - 463,401
(Deemed interested pursuant to Section 6A of the Companies Act, 1965)


OSKVI - Changes in Director's Interest (S135) - Tan Sri Ong Leong Huat @ Wong Joo Hwa

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameOSK VENTURES INTERNATIONAL BERHAD (ACE Market) 
Stock Name OSKVI  
Date Announced27 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-131227-CA306

Information Compiled By KLSE

Particulars of Director

NameTan Sri Ong Leong Huat @ Wong Joo Hwa
Address21, Persiaran Basong, Damansara Heights, 50490 Kuala Lumpur
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)
Disposed
24/12/2013
53,671,446
0.450 
Acquired
24/12/2013
53,671,446
0.450 
Acquired
26/12/2013
51,130
0.510 

Circumstances by reason of which change has occurred(1) Disposal of shares via off-market transaction
(2) Acquisition of shares via off-market transaction by OSK Equity Holdings Sdn. Bhd.
Nature of interest(1) Direct
(2) Indirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)63,574,150 
Indirect/deemed interest (%)32.48 
Date of notice27/12/2013

Remarks :
The indirect interests of Tan Sri Ong Leong Huat @ Wong Joo Hwa are as follows:-

Puan Sri Khor Chai Moi - 1,505,422
(Deemed interested by virtue of his spouse's shareholding in the Company)

Ong Ju Xing - 79,968
DMG & Partners Securities Pte. Ltd. for Ong Ju Xing - 6,818
Ong Yee Min - 126,948
Ong Yin Suen - 144,457
Ong Ju Yan - 443,869
Ong Yee Ching - 1,060,678
(Deemed interested by virtue of his children's shareholdings in the Company)

OSK Equity Holdings Sdn. Bhd. - 59,742,589
OSK Holdings Berhad - 463,401
(Deemed interested pursuant to Section 6A of the Companies Act, 1965)

The above announcement is also made to comply with Rule 14.09 of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements.


OSKVI - Changes in Sub. S-hldr's Int. (29B) - OSK Equity Holdings Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameOSK VENTURES INTERNATIONAL BERHAD (ACE Market) 
Stock Name OSKVI  
Date Announced27 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-131227-CA309

Particulars of substantial Securities Holder

NameOSK Equity Holdings Sdn. Bhd.
Address7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur
NRIC/Passport No/Company No.1030788-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderOSK Equity Holdings Sdn. Bhd.
7th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/12/2013
51,130
0.510 

Circumstances by reason of which change has occurredAcquisition of shares via off-market transaction
Nature of interestDirect
Direct (units)59,742,589 
Direct (%)30.52 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change59,742,589
Date of notice27/12/2013


OSKVI - Changes in Director's Interest (S135) - Tan Sri Ong Leong Huat @ Wong Joo Hwa

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameOSK VENTURES INTERNATIONAL BERHAD (ACE Market) 
Stock Name OSKVI  
Date Announced27 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-131227-CA30A

Information Compiled By KLSE

Particulars of Director

NameTan Sri Ong Leong Huat @ Wong Joo Hwa
Address21, Persiaran Basong, Damansara Heights, 50490 Kuala Lumpur
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
24/12/2013
30,705,464
0.100 
Acquired
24/12/2013
30,705,464
0.100 

Circumstances by reason of which change has occurred(1) Disposal of warrants via off-market transaction
(2) Acquisition of warrants via off-market transaction by OSK Equity Holdings Sdn. Bhd.
Nature of interest(1) Direct
(2) Indirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)39,274,138 
Indirect/deemed interest (%)40.13 
Date of notice27/12/2013

Remarks :
The indirect interests of Tan Sri Ong Leong Huat @ Wong Joo Hwa are as follows:-

Puan Sri Khor Chai Moi - 752,710
(Deemed interested by virtue of his spouse's warrant holdings in the Company)

Ong Yee Ching - 530,338
Ong Yee Min - 34,074
Ong Yin Suen - 72,228
Ong Ju Yan - 221,934
Ong Ju Xing - 39,984
(Deemed interested by virtue of his children's warrant holdings in the Company)

OSK Holdings Berhad - 231,700
Land Management Sdn. Bhd. - 4,788,806
OSK Equity Holdings Sdn. Bhd. - 32,602,364
(Deemed interested pursuant to Section 6A of the Companies Act, 1965)

The above announcement is also made to comply with Rule 14.09 of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements.


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

Announcement Type: General Announcement
Company NameTHE STORE CORPORATION BERHAD  
Stock Name TSTORE  
Date Announced27 Dec 2013  
CategoryGeneral Announcement
Reference NoC&-131227-65558

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionTHE STORE CORPORATION BHD (“THE COMPANY” or “THE VENDOR”)
-PROPOSED DISPOSAL OF 100,000 ORDINARY SHARES OF RM1.00 EACH RREPRESENTING 100% OF THE ISSUED AND PAID UP SHARE CAPITAL IN SB MALL SDN BHD, FOR A CASH CONSIDERATION OF RM4,500,000 AND PROPOSED SETTLEMENT OF INTER-COMPANY ADVANCES (“ PROPOSED DISPOSAL”)

The Board of Directors of the Company wishes to announce that the Company had on 27 December 2013 entered into a conditional Share Sale Agreement (“SSA”) with Goldleaf Synergy Sdn Bhd (“GS” or “Purchaser”) for the proposed disposal of 100,000 ordinary shares of RM1.00 each (“Sales Share”) representing 100% of the issued and paid-up share capital in SB Mall Sdn Bhd (“SBM”), for a cash consideration of RM4,500,000 for the Sales Shares (“Sales Price”) and the proposed settlement of inter-company advances owing by SBM to the Company’s subsidiary, The Store (Malaysia) Sdn Bhd (“TSM”) amounting to RM16,968,110 as at 30 November 2013 or any lesser amount as at the completion date of the SSA (“ Completion Date”).

Please refer to the attachment for the full text of the announcement pertaining to the Proposed Disposal.



MAXIS - Changes in Sub. S-hldr's Int. (29B) - Harapan Nusantara Sdn. Bhd. ("Harapan Nusantara")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced27 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-131227-7585C

Particulars of substantial Securities Holder

NameHarapan Nusantara Sdn. Bhd. ("Harapan Nusantara")
AddressLevel 39, Menara Maxis, Kuala Lumpur City Centre, 50088 Kuala Lumpur
NRIC/Passport No/Company No.288612-K
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holderMaxis Communications Berhad (“MCB”)
Level 18, Menara Maxis,
Kuala Lumpur City Centre,
Off Jalan Ampang,
50088 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others20/12/2013
4,875,000,000
 

Description of other type of transactionPlease refer to column "Circumstances by reason of which changed has occured"
Circumstances by reason of which change has occurredChange in particulars of Harapan Nusantara's deemed interest in the 4,875,000,000 Maxis Shares following the disposal of the 4,875,000,000 Maxis Shares by MCB (a wholly-owned subsidiary of Binariang GSM Sdn Bhd (“BGSM”)) to BGSM Equity Holdings Sdn Bhd (“BGSM Equity”) (an indirect wholly-owned subsidiary of MCB and BGSM) pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between MCB and BGSM Equity (“SPA”). The SPA was entered into pursuant to an internal corporate restructuring exercise undertaken by BGSM group of companies, as part of an overall debt refinancing exercise.

This internal corporate restructuring involves an intra-group transfer to BGSM Equity of the entire 4,875,000,000 Maxis Shares owned by MCB. Consequently, there is no change in the effective shareholding of BGSM and MCB respectively, after this internal corporate restructuring.

On completion of the SPA, the 4,875,000,000 Maxis Shares will be registered in the name of BGSM Equity.

BGSM holds 100% equity interest in MCB, which in turn holds 100% equity interest in BGSM Management Sdn Bhd (“BGSM Management”). BGSM Management holds 100% equity interest in BGSM Equity, which will be the registered holder of 4,875,000,000 Maxis Shares representing approximately 64.97% of the total issued and paid-up share capital of Maxis.

Harapan Nusantara’s deemed interest in the Maxis Shares arises by virtue of Harapan Nusantara being entitled to control the exercise of 100% of the votes attached to the voting shares in each of Mujur Anggun Sdn Bhd, Cabaran Mujur Sdn Bhd, Anak Samudra Sdn Bhd, Dumai Maju Sdn Bhd, Nusantara Makmur Sdn Bhd, Usaha Kenanga Sdn Bhd and Tegas Sari Sdn Bhd (the "Harapan Nusantara Subsidiaries").

The Harapan Nusantara Subsidiaries hold in aggregate 30% equity interest in BGSM and therefore, via such aggregate interest, Harapan Nusantara has a deemed interest over all the Maxis Shares held by MCB. The Maxis Shares held via the Harapan Nusantara Subsidiaries are held under discretionary trusts for Bumiputera objects. As such, Harapan Nusantara does not have any economic interest in the Maxis Shares held via the Harapan Nusantara Subsidiaries as such interest is held subject to the terms of such discretionary trusts.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)4,875,000,000 
Indirect/deemed interest (%)64.97 
Total no of securities after change4,875,000,000
Date of notice26/12/2013

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 26 December 2013 and received by the Company on 27 December 2013.


MAXIS - Changes in Sub. S-hldr's Int. (29B) - Usaha Tegas Sdn Bhd ("UTSB")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced27 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-131227-87F5E

Particulars of substantial Securities Holder

NameUsaha Tegas Sdn Bhd ("UTSB")
AddressLevel 39, Menara Maxis, Kuala Lumpur City Centre, 50088 Kuala Lumpur
NRIC/Passport No/Company No.121062-M
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holderMaxis Communications Berhad (“MCB”)
Level 18, Menara Maxis,
Kuala Lumpur City Centre,
Off Jalan Ampang,
50088 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others20/12/2013
4,875,000,000
 

Description of other type of transactionPlease refer to column "Circumstances by reason of which changed has occured"
Circumstances by reason of which change has occurredChange in particulars of UTSB's deemed interest in the 4,875,000,000 Maxis Shares following the disposal of the 4,875,000,000 Maxis Shares by MCB (a wholly-owned subsidiary of Binariang GSM Sdn Bhd (“BGSM”)) to BGSM Equity Holdings Sdn Bhd (“BGSM Equity”) (an indirect wholly-owned subsidiary of MCB and BGSM) pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between MCB and BGSM Equity (“SPA”). The SPA was entered into pursuant to an internal corporate restructuring exercise undertaken by BGSM group of companies, as part of an overall debt refinancing exercise.

This internal corporate restructuring involves an intra-group transfer to BGSM Equity of the entire 4,875,000,000 Maxis Shares owned by MCB. Consequently, there is no change in the effective shareholding of BGSM and MCB respectively, after this internal corporate restructuring.

On completion of the SPA, the 4,875,000,000 Maxis Shares will be registered in the name of BGSM Equity.

BGSM holds 100% equity interest in MCB, which in turn holds 100% equity interest in BGSM Management Sdn Bhd (“BGSM Management”). BGSM Management holds 100% equity interest in BGSM Equity, which will be the registered holder of 4,875,000,000 Maxis Shares representing approximately 64.97% of the total issued and paid-up share capital of Maxis.

UTSB’s deemed interest in the Maxis Shares arises by virtue of Usaha Tegas Equity Sdn Bhd’s (“UTE”) deemed interest in the Maxis Shares. UTSB holds 100% equity interest in UTE.

UTE holds 100% equity interest in each of Wilayah Bintang Sdn. Bhd., Tegas Mahsuri Sdn. Bhd., Besitang (M) Sdn. Bhd. and Besitang Utara Sdn. Bhd., which in turn holds 100% equity interest in Wilayah Resources Sdn. Bhd., Tegas Puri Sdn. Bhd., Besitang Barat Sdn. Bhd. and Besitang Selatan Sdn. Bhd. (collectively, “UT Subsidiaries”) respectively.

The UT Subsidiaries hold in aggregate 37% equity interest in BGSM.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)4,875,000,000 
Indirect/deemed interest (%)64.97 
Total no of securities after change4,875,000,000
Date of notice27/12/2013

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 27 December 2013 and received by the Company on even date.


MAXIS - Changes in Sub. S-hldr's Int. (29B) - Excorp Holdings N.V. ("Excorp")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced27 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-131227-74A3E

Particulars of substantial Securities Holder

NameExcorp Holdings N.V. ("Excorp")
AddressKaya W.F.G. (Jombi) Mensing 36 Curacao
NRIC/Passport No/Company No.76431
Nationality/Country of incorporationCuracao
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holderMaxis Communications Berhad (“MCB”)
Level 18, Menara Maxis,
Kuala Lumpur City Centre,
Off Jalan Ampang,
50088 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others20/12/2013
4,875,000,000
 

Description of other type of transactionPlease refer to column "Circumstances by reason of which change has occured"
Circumstances by reason of which change has occurredChange in particulars of Excorp's deemed interest in the 4,875,000,000 Maxis Shares following the disposal of the 4,875,000,000 Maxis Shares by MCB (a wholly-owned subsidiary of Binariang GSM Sdn Bhd (“BGSM”)) to BGSM Equity Holdings Sdn Bhd (“BGSM Equity”) (an indirect wholly-owned subsidiary of MCB and BGSM) pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between MCB and BGSM Equity (“SPA”). The SPA was entered into pursuant to an internal corporate restructuring exercise undertaken by BGSM group of companies, as part of an overall debt refinancing exercise.

This internal corporate restructuring involves an intra-group transfer to BGSM Equity of the entire 4,875,000,000 Maxis Shares owned by MCB. Consequently, there is no change in the effective shareholding of BGSM and MCB respectively, after this internal corporate restructuring.

On completion of the SPA, the 4,875,000,000 Maxis Shares will be registered in the name of BGSM Equity.

BGSM holds 100% equity interest in MCB, which in turn holds 100% equity interest in BGSM Management Sdn Bhd (“BGSM Management”). BGSM Management holds 100% equity interest in BGSM Equity, which will be the registered holder of 4,875,000,000 Maxis Shares representing approximately 64.97% of the total issued and paid-up share capital of Maxis.

Excorp’s deemed interest in the Maxis Shares arises by virtue of Pacific States Investment Limited’s (“PSIL”) deemed interest in the Maxis Shares. Excorp holds 100% equity interest in PSIL which in turn holds 99.999% equity interest in Usaha Tegas Sdn Bhd (“UTSB”).

UTSB holds 100% equity interest in Usaha Tegas Equity Sdn Bhd (“UTE”), while UTE in turn holds 100% equity interest in each of Wilayah Bintang Sdn. Bhd., Tegas Mahsuri Sdn. Bhd., Besitang (M) Sdn. Bhd. and Besitang Utara Sdn. Bhd., which in turn holds 100% equity interest in Wilayah Resources Sdn. Bhd., Tegas Puri Sdn. Bhd., Besitang Barat Sdn. Bhd. and Besitang Selatan Sdn. Bhd. (collectively, “UT Subsidiaries”) respectively.

The UT Subsidiaries hold in aggregate 37% equity interest in BGSM.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)4,875,000,000 
Indirect/deemed interest (%)64.97 
Total no of securities after change4,875,000,000
Date of notice27/12/2013

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 27 December 2013 and received by the Company on even date.


MAXIS - Changes in Sub. S-hldr's Int. (29B) - Ananda Krishnan Tatparanandam ("TAK")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced27 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-131227-8875D

Particulars of substantial Securities Holder

NameAnanda Krishnan Tatparanandam ("TAK")
AddressNo.8, Taman U Thant Dua, 55000 Kuala Lumpur
NRIC/Passport No/Company No.380401-10-5397
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holderMaxis Communications Berhad (“MCB”)
Level 18, Menara Maxis,
Kuala Lumpur City Centre,
Off Jalan Ampang,
50088 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others20/12/2013
4,875,000,000
 

Description of other type of transactionPlease refer to column "Circumstances by reason of which changed has occured"
Circumstances by reason of which change has occurredChange in particulars of TAK's deemed interest in the 4,875,000,000 Maxis Shares following the disposal of the 4,875,000,000 Maxis Shares by MCB (a wholly-owned subsidiary of Binariang GSM Sdn Bhd (“BGSM”)) to BGSM Equity Holdings Sdn Bhd (“BGSM Equity”) (an indirect wholly-owned subsidiary of MCB and BGSM) pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between MCB and BGSM Equity (“SPA”). The SPA was entered into pursuant to an internal corporate restructuring exercise undertaken by BGSM group of companies, as part of an overall debt refinancing exercise.

This internal corporate restructuring involves an intra-group transfer to BGSM Equity of the entire 4,875,000,000 Maxis Shares owned by MCB. Consequently, there is no change in the effective shareholding of BGSM and MCB respectively, after this internal corporate restructuring.

On completion of the SPA, the 4,875,000,000 Maxis Shares will be registered in the name of BGSM Equity.

BGSM holds 100% equity interest in MCB, which in turn holds 100% equity interest in BGSM Management Sdn Bhd (“BGSM Management”). BGSM Management holds 100% equity interest in BGSM Equity, which will be the registered holder of 4,875,000,000 Maxis Shares representing approximately 64.97% of the total issued and paid-up share capital of Maxis.

TAK's deemed interest in the Maxis Shares arises by virtue of PanOcean Management Limited’s (“PanOcean”) deemed interest in the Maxis Shares. PanOcean is the trustee of a discretionary trust, the beneficiaries of which are members of the family of TAK and foundations including those for charitable purposes.

PanOcean holds 100% equity interest in Excorp Holdings N.V. which in turn holds 100% equity interest in Pacific States Investment Limited (“PSIL”).

PSIL holds 99.999% equity interest in Usaha Tegas Sdn Bhd (“UTSB”).

UTSB holds 100% equity interest in Usaha Tegas Equity Sdn Bhd (“UTE”), while UTE in turn holds 100% equity interest in each of Wilayah Bintang Sdn. Bhd., Tegas Mahsuri Sdn. Bhd., Besitang (M) Sdn. Bhd. and Besitang Utara Sdn. Bhd., which in turn holds 100% equity interest in Wilayah Resources Sdn. Bhd., Tegas Puri Sdn. Bhd., Besitang Barat Sdn. Bhd. and Besitang Selatan Sdn. Bhd. (collectively, “UT Subsidiaries”) respectively.

The UT Subsidiaries hold in aggregate 37% equity interest in BGSM.

Although TAK is deemed to have an interest in the Maxis Shares, TAK does not have any economic or beneficial interest over the Maxis Shares, as such interest is held subject to the terms of the discretionary trust referred to above.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)4,875,000,000 
Indirect/deemed interest (%)64.97 
Total no of securities after change4,875,000,000
Date of notice27/12/2013

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 27 December 2013 and received by the Company on even date.


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