January 9, 2014

Company announcements: TOYOINK, MINETEC, BARAKAH, HAIO, EG, FRB, RCECAP, FITTERS, YOKO

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

Announcement Type: General Announcement
Company NameTOYO INK GROUP BERHAD  
Stock Name TOYOINK  
Date Announced9 Jan 2014  
CategoryGeneral Announcement
Reference NoCS-140109-55074

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionDISPOSAL OF PROPERTIES

The Board of Directors of Toyo Ink Group Berhad (“TIGB” or “The Company”) wishes to announce that its wholly owned subsidiaries, Toyo Ink Sdn Bhd (“TISB”) and Toyo Photo Products Sdn Bhd (“TPPSB”) had on 9 January 2014 entered into a Sale and Purchase Agreement (“SPA”) with Shen & Sons Sdn Bhd for the sale of properties for a total consideration of RM5,900,000.00 (Ringgit Malaysia Five Million Nine Hundred Thousand)("Purchase Price")("Disposal").

Please refer to the attachment for the full announcement on the Disposal of Properties.



MINETEC - Notice of Interest Sub. S-hldr (29A) - Chin Boon Long

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameMINETECH RESOURCES BERHAD  
Stock Name MINETEC  
Date Announced9 Jan 2014  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCC-140109-57313

Particulars of Substantial Securities Holder

NameChin Boon Long
AddressNo. 5, Jalan SL 8/11,
Bandar Sungai Long,
43200 Selangor Darul Ehsan
NRIC/Passport No/Company No.680709-01-5149
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderSJ Sec Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Chin Boon Long
Mezzanine Floor, Wisma Synergy,
72, Persiaran Jubli Perak
Seksyen 22
40000 Shah Alam,
Selangor

Mayban Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Chin Boon Long
B-G-04 (Ground Floor),
Level 1 & 2, 42, Persiaran Greentown,
30450 Ipoh,
Perak

Mayban Securities Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Chin Boon Long
B-G-04 (Ground Floor),
Level 1 & 2, 42, Persiaran Greentown,
30450 Ipoh,
Perak

Chin Boon Long
No. 5, Jalan SL 8/11,
Bandar Sungai Long,
43200 Selangor Darul Ehsan

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired06/01/2014
No of securities22,978,740
Circumstances by reason of which Securities Holder has interestAcquisition of share in open market
Nature of interestDirect
Price Transacted ($$)

Total no of securities after change

Direct (units)22,978,740 
Direct (%)6.91 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice09/01/2014


BARAKAH - OTHERS Barakah Offshore Petroleum Berhad – Changes in Directors’ Interest Pursuant to Section 135 of the Companies Act, 1965

Announcement Type: General Announcement
Company NameBARAKAH OFFSHORE PETROLEUM BERHAD  
Stock Name BARAKAH  
Date Announced9 Jan 2014  
CategoryGeneral Announcement
Reference NoCC-140109-64993

TypeAnnouncement
SubjectOTHERS
DescriptionBarakah Offshore Petroleum Berhad
– Changes in Directors’ Interest Pursuant to Section 135 of the Companies Act, 1965
Reference is made to the earlier announcements on 26 December 2013 in relation to the Changes of Directors’ Interest for Encik Abd. Hamid Bin Ibrahim pursuant to Section 135 of the Companies Act, 1965.
The Company wishes to clarify that the interest held by Encik Abd. Hamid Bin Ibrahim in the securities of the Company should be indirect as set out in the table below:-

Ordinary Shares
Name of DirectorNumber and Percentage of SharesNumber and Percentage of Shares
Direct
%
Indirect
%
Abd Hamid Bin Ibrahim
Nil
Nil
348,000 *
0.056 *

Redeemable Convertible Unsecured Loan Stocks (“RCULS”)
Name of DirectorNumber and Percentage of RCULS Number and Percentage of RCULS
Direct
%
Indirect
%
Abd Hamid Bin Ibrahim
Nil
Nil
116,000 *
0.056 *

* Deemed interested in the indirect interest of 348,000 ordinary shares and 116,000 RCULS registered in the name of his spouse.

This announcement is dated 9 January 2014.


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

Announcement Type: General Announcement
Company NameBARAKAH OFFSHORE PETROLEUM BERHAD  
Stock Name BARAKAH  
Date Announced9 Jan 2014  
CategoryGeneral Announcement
Reference NoCC-140109-BB142

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionBarakah Offshore Petroleum Berhad
- Dealings Outside Closed Period
Reference is made to the announcement on 30 December 2013 in relation to the Changes of Directors’ Interest for Encik Abd. Hamid Bin Ibrahim which was made outside the closed period pursuant to Paragraph 14.09(a) of Bursa Malaysia Securities Berhad Main Market Listing Requirements.
The Company wishes to clarify that the interest held by the Encik Abd. Hamid Bin Ibrahim in the securities of the Company should be indirect as set out in the table below:-

Ordinary Shares
Name of DirectorNumber and Percentage of SharesNumber and Percentage of Shares
Direct
%
Indirect
%
Abd Hamid Bin Ibrahim
Nil
Nil
348,000 *
0.056 *

Redeemable Convertible Unsecured Loan Stocks (“RCULS”)
Name of DirectorNumber and Percentage of RCULS Number and Percentage of RCULS
Direct
%
Indirect
%
Abd Hamid Bin Ibrahim
Nil
Nil
116,000 *
0.056 *

* Deemed interested in the indirect interest of 348,000 ordinary shares and 116,000 RCULS registered in the name of his spouse.

This announcement is dated 9 January 2014.


HAIO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHAI-O ENTERPRISE BERHAD  
Stock Name HAIO  
Date Announced9 Jan 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCP-140109-32FEE

Date of buy back09/01/2014
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)3,100
Minimum price paid for each share purchased ($$)2.580
Maximum price paid for each share purchased ($$)2.590
Total consideration paid ($$)8,070.00
Number of shares purchased retained in treasury (units)3,100
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)5,400,088
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 (%)2.67


EG - Notice of Interest Sub. S-hldr (29A) - TEE CHEE CHIANG

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameEG INDUSTRIES BERHAD  
Stock Name EG  
Date Announced9 Jan 2014  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoEI-140109-44801

Particulars of Substantial Securities Holder

NameTEE CHEE CHIANG
AddressSUITE 3-1, CBD PERDANA
BLOCK 4800
OFF PERSIARAN MULTIMEDIA
CYBERJAYA, 63000 SELANGOR
MALAYSIA
NRIC/Passport No/Company No.A3308245
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1 EACH
Name & address of registered holderMAYBAN NOMINEES (TEMPATAN) SDN BHD
LEVEL 8, TOWER C, DATARAN MAYBANK
NO 1, JALAN MAAROF
59000 KUALA LUMPUR, MALAYSIA

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired03/01/2014
No of securities506,900
Circumstances by reason of which Securities Holder has interestACQUIRED FROM OPEN MARKET
Nature of interestDIRECT
Price Transacted ($$)0.382

Total no of securities after change

Direct (units)4,221,700 
Direct (%)5.63 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice09/01/2014


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

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced9 Jan 2014  
CategoryGeneral Announcement
Reference NoFR-140109-63038

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionACQUISITION BY FORMIS HOLDINGS BHD (“FHB”), OF 1,000,000 REDEEMABLE CONVERTIBLE PREFERENCE SHARES OF RM0.01 EACH IN HO HUP CONSTRUCTION COMPANY BERHAD

The Board of Directors of Formis Resources Berhad (“FRB” and/or the “Company”) wishes to announce that Formis Holdings Bhd (“FHB”), a wholly-owned subsidiary of FRB, has acquired a total of 1,000,000 redeemable convertible preference shares of RM0.01 each (“RCPS”) in Ho Hup Construction Company Berhad (“Ho Hup”) in the open market on 8 January 2014 and 9 January 2014 for a total cash consideration of RM1,142,277.00 (“Acquisitions”).

Following the Acquisitions, FHB now holds a total of 23,115,000 ordinary shares of RM0.50 each representing 22.66% equity interest in Ho Hup, 23,115,000 irredeemable convertible preference shares of RM0.01 each, 11,557,500 warrants 2013/2018 and 4,246,000 RCPS of Ho Hup.

The cash consideration of the Acquisitions was at prevailing market prices of RCPS at the time of acquisitions and funded entirely from borrowings. The Acquisitions represent an opportunity for the FRB Group to expand its portfolio of investment for potential value enhancement. The Board of Directors does not envisage any specific risk associated with the Acquisitions apart from the general business risks faced by Ho Hup after the Acquisitions.

The Acquisitions have no effect on the issued and paid-up share capital or major shareholders’ shareholdings of FRB. The Acquisitions are not expected to have any material effect on the consolidated net assets and earnings of FRB for the current financial year ending 31 March 2014. Please refer to Table 1 below for the effects on the gearing for the Acquisitions.

The Acquisitions are not subject to the approval of the shareholders of FRB or any other relevant authority.

Dato’ Thong Kok Khee is a Director and major shareholder of FRB and Ho Hup by virtue of his indirect interest in FRB and Ho Hup. Dato’ Mah Siew Kwok is a Director and major shareholder of FRB and Ho Hup by virtue of his direct interest in FRB and direct and indirect interest in Ho Hup. Save as disclosed, none of the other Directors and/or other major shareholders of FRB or persons connected with them has any interest, direct or indirect, in the Acquisitions.

The Board of Directors of FRB is of the opinion that the Acquisitions are in the best interest of the FRB Group.

The Audit and Risk Management Committee of FRB is of the opinion that the Acquisitions are fair, reasonable and on normal commercial terms and are in the best interest of the FRB Group.

The highest percentage ratio applicable to the Acquisitions pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Berhad’s Main Market Listing Requirements is approximately 0.82%.

This Announcement is dated 9 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 Announced9 Jan 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140109-33AFF

Date of buy back09/01/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)25,000
Minimum price paid for each share purchased ($$)0.270
Maximum price paid for each share purchased ($$)0.270
Total consideration paid ($$)6,799.53
Number of shares purchased retained in treasury (units)25,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)8,554,300
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 (%)0.73


FITTERS - OTHERS FITTERS DIVERSIFIED BERHAD (“FITTERS” OR “THE COMPANY”) DISPOSAL OF INVESTMENT IN LIANGSHAN FUTURE NRG BIOLOGY ELECTRIC POWER CO., LTD. BY THE COMPANY’S WHOLLY-OWNED SUBSIDIARY, FUTURE NRG SDN. BHD.

Announcement Type: General Announcement
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced9 Jan 2014  
CategoryGeneral Announcement
Reference NoCC-140109-52057

TypeAnnouncement
SubjectOTHERS
DescriptionFITTERS DIVERSIFIED BERHAD (“FITTERS” OR “THE COMPANY”)
DISPOSAL OF INVESTMENT IN LIANGSHAN FUTURE NRG BIOLOGY ELECTRIC POWER CO., LTD. BY THE COMPANY’S WHOLLY-OWNED SUBSIDIARY, FUTURE NRG SDN. BHD.
1. INTRODUCTION
      The Board of Directors of FITTERS wishes to announce that Future NRG Sdn. Bhd. (“FNSB”) (Company No. 814147-M), a wholly-owned subsidiary of FITTERS, had on 9 January 2014 disposed of its entire equity interest in Liangshan Future NRG Biology Electric Power Co., Ltd. (“Liangshan”) to FITTERS-NRG Sdn. Bhd. (“FITTERS-NRG”) (Company No. 799841-D), a wholly-owned subsidiary of FITTERS (“the Disposal”) (Please refer to table below).

      Name of CompanyRegistered Capital
      Consideration
      LiangshanRegistered capital of USD10,000,000.00 representing 100% equity interest in Liangshan
      RM31,194,094.00

      Upon completion of the Disposal, Liangshan will cease to be a wholly-owned subsidiary of FNSB and will become a wholly-owned subsidiary of FITTERS-NRG.
2. BACKGROUND INFORMATION
      2.1 Information on FNSB

      FNSB, a wholly-owned subsidiary of FITTERS was incorporated in Malaysia under the Companies Act, 1965 on 17 April 2008 having its registered office at Unit 07-02, Level 7, Persoft Tower, 6B Persiaran Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan and has an authorised share capital of RM50,000,000.00 divided into 50,000,000 ordinary shares of RM1.00 each of which 28,000,000 ordinary shares of RM1.00 each have been issued and fully paid-up. FNSB is a r
      enewable, alternative, waste to energy total solution provider.
      2.2 Information on FITTERS-NRG

      FITTERS-NRG, a wholly-owned subsidiary of FITTERS was incorporated in Malaysia under the Companies Act, 1965 on 17 December 2007 having its registered office at Unit 07-02, Level 7, Persoft Tower, 6B Persiaran Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan and has an authorised share capital of RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up. FITTERS-NRG is engaged in renewable energy development.
      2.3 Information on Liangshan

      Liangshan, a wholly-owned foreign enterprise subsidiary of FNSB was incorporated in the People’s Republic of China on 25 September 2009 with an authorised share capital of USD25,000,000.00 and a registered capital of USD10,000,000.00. The principal activity of Liangshan is to build and operate the Liangshan Biomass Power Plant.

3. RATIONALE FOR THE DISPOSAL

The Disposal is part of the Company’s effort in streamlining the FITTERS Group’s structure and is reorganising the internal structure of the renewable energy group.


4. FINANCIAL EFFECTS OF THE DISPOSAL

      The Disposal will not have any material impact on the share capital, earnings, net assets, gearing and substantial shareholdings of FITTERS for the current financial year ending 31 December 2014.

5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
      Save for Dato’ Wong Swee Yee, who is interested in the Disposal by virtue of him being a Director and major shareholder of the Company and also a Director of FNSB, FITTERS-NRG and Liangshan, none of the Directors and/or major shareholders of the Company and/or persons connected with such Directors or major shareholders have any interest, direct or indirect, in the Disposal.
6. STATEMENT BY DIRECTORS

The Board after having considered all aspects, is of the opinion that the Disposal is in the best interest of the FITTERS Group.

This announcement is dated 9 January 2014.


YOKO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameYOKOHAMA INDUSTRIES BERHAD  
Stock Name YOKO  
Date Announced9 Jan 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-140109-2A0F6

Date of buy back09/01/2014
Description of shares purchasedOrdinary shares of RM0-50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)10,000
Minimum price paid for each share purchased ($$)1.210
Maximum price paid for each share purchased ($$)1.210
Total consideration paid ($$)12,189.23
Number of shares purchased retained in treasury (units)10,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)1,482,600
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 (%)1.7


No comments:

Post a Comment