January 15, 2014

Company announcements: PA, SUPERLN, DIALOG, VINTAGE, PRKCORP, PMETAL-LA, EKOVEST, NAGAMAS, RCECAP

PA - Changes in Director's Interest (S135) - Dato' Ng Tong Hai

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced15 Jan 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140115-99DAF

Information Compiled By KLSE

Particulars of Director

NameDato' Ng Tong Hai
AddressNo. 65 Lorong Gopeng
Taman Golf
31350 Ipoh
Perak Darul Ridzuan
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
13/01/2014
100,000
0.135 
Acquired
15/01/2014
100,000
0.135 

Circumstances by reason of which change has occurredAcquisition of 200,000 ordinary shares by his deemed interest in Reka Roller Shutter Sdn. Bhd.
Nature of interestDeemed interest
Consideration (if any)RM27,000.00 

Total no of securities after change

Direct (units)188,853,900 
Direct (%)19.95 
Indirect/deemed interest (units)3,735,000 
Indirect/deemed interest (%)0.39 
Date of notice15/01/2014

Remarks :
This announcement also serves as a notification pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The above acquisition of 200,000 represents 0.02% of the issued and paid up capital of the Company.

Deemed interest by virtue of shareholdings in Reka Roller Shutter Sdn. Bhd. (3,145,000) and shares held by his wife, Liew Yoke Keng (300,000) and (290,000) via Maybank Nominees (Tempatan) Sdn. Bhd. pledged securities account for Liew Yoke Keng respectively.


PA - OTHERS P.A. RESOURCES BERHAD ("PARB" or "the Company") - CONTRACT BETWEEN SYNERGY GENERATED SDN. BHD. AND PA SOLAR ENERGY SDN. BHD. FOR ENGINEERING, PROCUREMENT, CONSTRUCTION, INSTALLATION AND COMMISSIONING TURNKEY FOR 5MW (INSTALLED CAPACITY) SOLAR PHOTOVOLTAIC FARM PROJECT AT SG. BARI, SETIU, TERENGGANU

Announcement Type: General Announcement
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced15 Jan 2014  
CategoryGeneral Announcement
Reference NoCC-140115-44474

TypeAnnouncement
SubjectOTHERS
DescriptionP.A. RESOURCES BERHAD ("PARB" or "the Company") - CONTRACT BETWEEN SYNERGY GENERATED SDN. BHD. AND PA SOLAR ENERGY SDN. BHD. FOR ENGINEERING, PROCUREMENT, CONSTRUCTION, INSTALLATION AND COMMISSIONING TURNKEY FOR 5MW (INSTALLED CAPACITY) SOLAR PHOTOVOLTAIC FARM PROJECT AT SG. BARI, SETIU, TERENGGANU

The Board of Directors of P.A. Resources Berhad is pleased to annouce that its wholly owned subsidiary, PA Solar Energy Sdn. Bhd. has on 13 January 2014, been awarded a Contract ("Contract") by Synergy Generated Sdn. Bhd. for a total value of RM36,000,000.00 in relation to the Engineering, Procurement, Construction, Installation and Commissioning Turnkey Contract for 5MW (installed capacity) Solar Photovoltaic Farm Project at Sg. Bari, Setiu, Terengganu ("Project").

The Project is for the renewable energy generating station at the Site for the Employer. It includes the engineering, procurement, construction, installation and comissioning of Works for one (1) unit of 5MW (installed capacity) renewable energy installation using solar photovoltaic as its renewable resources at Kawasan Industri Sg. Bari, Mukim Hulu Nerus, 22120 Setiu, Terengganu Darul Iman, namely the Sg. Bari 5MW Solar Photovoltaic Farm Project.

Duration of Project

The Contract is expected to commence on 15 January 2014 ("commencement date") and to be completed within 6 months from the commencement date.

Financial Effects

The Contract is expected to contribute positively to the earnings and net assets of the PARB Group for the current and upcoming financial year ending 31 March 2014. The Contract does not have any impact on the share capital and/or shareholding structure of the Company.

Risk Factor

The Company does not foresee any exceptional risk other than normal operational risk associated with the Contract. The Company will take necessary steps to mitigate the risks as and when it arises.

Directors' and Major Shareholders' Interest

None of the Directors and/or major shareholders and persons connected to the Directors and/or major shareholders have any interest, direct or indirect, in the Contract.

Directors' Statement

The Board of Directors of PARB, after considering all the relevant factors, is of the opinion that the Contract is in the best interest of the PARB Group.

This announcement is dated 15 January 2014.



SUPERLN - PUBLIC SHAREHOLDINGS SPREAD

Announcement Type: General Announcement
Company NameSUPERLON HOLDINGS BERHAD  
Stock Name SUPERLN  
Date Announced15 Jan 2014  
CategoryGeneral Announcement
Reference NoCM-140115-57548

TypeAnnouncement
SubjectPUBLIC SHAREHOLDINGS SPREAD
DescriptionSuperlon Holdings Berhad ("Superlon" or "the Company") - Public Shareholding Spread Requirement Pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements")


Pursuant to paragraph 8.02(1) of the Main Market Listing Requirements, a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares)are in the hands of public shareholders ("Public Shareholding Spread")

Superlon wishes to inform that the public shareholding spread of Superlon is 23.6% based on its Record of Depositors as at 31 December 2013. Accordingly, the Company no longer complies with the Public Shareholding Spread.

As at the time of the announcement, the Company has yet to formulate any rectification plan to address the shortfall in the Public Shareholding Spread but will formulate such plan accordingly.

Meanwhile, an application to Bursa Securities to seek an extension of time to comply with the Public Shareholding Spread will be made in due course.

As required, the Company will make the necessary announcements in relation to the status of its efforts to comply with the Public Shareholding Spread every quarter of its financial year in compliance with Paragraph 3.3 of Practice Note 19 of the Main Market Listing Requirements.

This announcement is dated 15 January 2014



DIALOG - 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 NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced15 Jan 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-140115-F7D71

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 RM0.10 each
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)
Disposed09/01/2014
1,300,000
 
Acquired09/01/2014
313,500
 

Circumstances by reason of which change has occurredPurchase and Disposal of shares.
Nature of interestDirect
Direct (units)316,266,035 
Direct (%)13.02 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change316,266,035
Date of notice15/01/2014

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 1,300,000 shares) - 272,249,494 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) - 10,445,467 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) (Acquired 313,500 shares) - 10,301,320 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - 2,600,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - 630,000 shares


Total No. of shares - 316,266,035 shares


VINTAGE - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameVTI VINTAGE BERHAD  
Stock Name VINTAGE  
Date Announced15 Jan 2014  
CategoryGeneral Announcement
Reference NoCC-140115-60316

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionVTI VINTAGE BERHAD (“VVB” or “the Company”)
- Extension of Restraining Order Under Section 176 (10) of the Companies Act, 1965

Reference is made to the Company’s announcement dated 17 September 2013.

The Board of Directors of VVB wishes to announce that the Company’s Solicitors had notified the Company that the application for the extension of Restraining Order ("RO") under Section 176(10) of the Companies Act 1965 which had expired on 11 December 2013 has been granted with an extension for another ninety (90) days from 15 January 2014 to 14 April 2014.

The RO does not have any financial and operational impact on VVB.

This announcement is dated 15 January 2014.



PRKCORP - OTHERS PERAK CORPORATION BERHAD (“PCB” OR “COMPANY”) PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED SCR”)

Announcement Type: General Announcement
Company NamePERAK CORPORATION BERHAD  
Stock Name PRKCORP  
Date Announced15 Jan 2014  
CategoryGeneral Announcement
Reference NoMI-140115-62681

TypeAnnouncement
SubjectOTHERS
DescriptionPERAK CORPORATION BERHAD (“PCB” OR “COMPANY”)

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED SCR”)

We refer to the Company’s announcement dated 6 January 2014 in relation to the receipt of a letter from Perbadanan Kemajuan Negeri Perak (“PKNPk”), on behalf of and together with Fast Continent Sdn Bhd (“Fast Continent”), Cherry Blossom Sdn Bhd (“Cherry Blossom”) and Perak Equity Sdn Bhd (“Perak Equity”) (PKNPK, Fast Continent, Cherry Blossom and Perak Equity are collectively referred to as the “Non-Entitled Shareholders”), requesting PCB to undertake the Proposed SCR (“SCR Offer Letter”) which will result in the Non-Entitled Shareholders holding the entire issued and paid-up share capital of PCB upon completion of the Proposed SCR.

On behalf of the Board of Directors of PCB (save for the Interested Directors as set out in Section 6 of the announcement attached) (“Board”), AFFIN Investment Bank Berhad wishes to announce that the Board, has deliberated on the contents of the SCR Offer Letter and has resolved to table the Proposed SCR to the shareholders of PCB for their consideration and approval.

Further details of the Proposed SCR are set out in the attachment enclosed.

This announcement is dated 15 January 2014.



PMETAL-LA - Loan Stock Interest

Announcement Type: Entitlements (Notice of Book Closure)
Company NamePRESS METAL BERHAD  
Stock Name PMETAL-LA  
Date Announced15 Jan 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoCC-131230-887A2

EX-date29/01/2014
Entitlement date04/02/2014
Entitlement time05:00:00 PM
Entitlement subjectLoan Stock Interest
Entitlement descriptionCoupon of 6% per annum (less any Malaysian income or witholding tax applicable thereto to be deducted, if required) payable on a quarterly basis computed based on the nominal value of the Redeemable Convertible Secured Loan Stocks (RCSLS)
Period of interest payment25/11/2013 to 24/02/2014
Financial Year End
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 noTricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Tel: 03-22643883
Payment date 24/02/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers04/02/2014 
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 indicatorPercentage
Entitlement in percentage (%)6


EKOVEST - OTHERS EKOVEST BERHAD (“Ekovest”) Acceptance of letter of award from Dewan Bandaraya Kuala Lumpur (“DBKL”) for proposed improvement and beautification works at Precinct 7 which comprises of the following nodes: Saint Mary’s Cathedral, Leboh Pasar Besar, Dayabumi Promenade, L.R.T Pasar Seni, China Town/Petaling Street, Panggung Bandaraya, Masjid Jamek and Bangunan Sultan Abdul Samad

Announcement Type: General Announcement
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced15 Jan 2014  
CategoryGeneral Announcement
Reference NoEE-140115-63723

TypeAnnouncement
SubjectOTHERS
DescriptionEKOVEST BERHAD (“Ekovest”)

Acceptance of letter of award from Dewan Bandaraya Kuala Lumpur (“DBKL”) for proposed improvement and beautification works at Precinct 7 which comprises of the following nodes: Saint Mary’s Cathedral, Leboh Pasar Besar, Dayabumi Promenade, L.R.T Pasar Seni, China Town/Petaling Street, Panggung Bandaraya, Masjid Jamek and Bangunan Sultan Abdul Samad

Ekovest is pleased to announce that our 60% owned subsidiary, Ekovest-MRCB Construction Sdn Bhd, had, on 15 January 2014, accepted a letter of award from DBKL for the proposed improvement and beautification works at Precinct 7 which comprises of the following nodes: Saint Mary’s Cathedral, Leboh Pasar Besar, Dayabumi Promenade, L.R.T Pasar Seni, China Town/Petaling Street, Panggung Bandaraya, Masjid Jamek and Bangunan Sultan Abdul Samad (“Works”). Precinct 7 is one of the eleven precincts along the 10.7 kilometers River of Life project. The total contract sum for the Works is RM130,000,000 and the completion period for the Works is for 104 weeks from the date of site possession (“Contract”). Barring unforeseen circumstances, the Works is expected to be completed in 2016.

The acceptance of the letter of award for the Contract is expected to contribute positively to our future earnings.

The Works is subject to normal construction risks in which Ekovest and its subsidiaries (“Group”) are already exposed to. Nonetheless, the construction risks will be managed and mitigated with the experience and expertise of the Group to complete construction projects.

None of the directors or substantial shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Contract.

This announcement is dated 15 January 2014.



NAGAMAS - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameNAGAMAS INTERNATIONAL BERHAD  
Stock Name NAGAMAS  
Date Announced15 Jan 2014  
CategoryGeneral Announcement
Reference NoOS-140115-64066

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionNAGAMAS INTERNATIONAL BERHAD (“NAGAMAS” OR “COMPANY”)

(I) PROPOSED PAR VALUE REDUCTION OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF NAGAMAS FROM RM50,895,000 COMPRISING 50,895,000 ORDINARY SHARES OF RM1.00 EACH TO RM12,723,750 COMPRISING 50,895,000 ORDINARY SHARES OF RM0.25 EACH (“NAGAMAS SHARES” OR “SHARES”) PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED PAR VALUE REDUCTION”);

(II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 101,790,000 NEW ORDINARY SHARES OF RM0.25 EACH IN NAGAMAS AFTER THE PROPOSED PAR VALUE REDUCTION (“RIGHTS SHARES”) TOGETHER WITH UP TO 76,342,500 NEW FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY ONE (1) NAGAMAS SHARE HELD AFTER THE PROPOSED PAR VALUE REDUCTION, TOGETHER WITH THREE (3) WARRANTS FOR EVERY FOUR (4) RIGHTS SHARES SUBSCRIBED AT AN ISSUE PRICE TO BE DETERMINED LATER (“PROPOSED RIGHTS ISSUE WITH WARRANTS”); AND

(III) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF NAGAMAS (“PROPOSED AMENDMENTS”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as previously announced on 2 December 2013 and 3 December 2013.

Reference is made to the announcements dated 2 December 2013 and 3 December 2013 in relation to the above. On behalf of the Board of Directors of Nagamas, M&A Securities is pleased to announce that Bursa Securities had vide its letter dated 13 January 2014, resolved to approve the following:-

(a) Admission to the Official List and the listing of and quotation for up to 76,342,500 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants;

(b) Listing of up to 178,132,500 new Nagamas Shares arising from the following:-

(i) Up to 101,790,000 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants; and

(ii) Up to 76,342,500 Nagamas Shares to be issued pursuant to exercise of the Warrants.

 

The approval by Bursa Securities for the Proposed Rights Issue with Warrants is subject to the following conditions:

(a) Nagamas and M&A Securities must fully comply with the relevant provisions under the Main Market Listing Requirement (“MMLR”) pertaining to the implementation of the Proposed Rights Issue with Warrants;

(b) Nagamas and M&A Securities to inform Bursa Securities upon the completion of the Proposed Rights Issue with Warrants;

 (c) Nagamas to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue with Warrants is completed; and

 (d) Nagamas is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed (pursuant to the exercise of the Warrants) as at the end of each quarter together with a detailed computation of listing fees payable.

 This announcement is dated 15 January 2014.

 

 

 

 

 

 



RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced15 Jan 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140115-4003F

Date of buy back15/01/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)950,000
Minimum price paid for each share purchased ($$)0.285
Maximum price paid for each share purchased ($$)0.295
Total consideration paid ($$)276,837.90
Number of shares purchased retained in treasury (units)950,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)12,224,300
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 (%)1.05


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