February 14, 2014

Company announcements: GAMUDA, QL, MINETEC

GAMUDA - Changes in Sub. S-hldr's Int. (29B) - Amanahraya Trustees Berhad - Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGAMUDA BERHAD  
Stock Name GAMUDA  
Date Announced14 Feb 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoGG-140214-13DB6

Particulars of substantial Securities Holder

NameAmanahraya Trustees Berhad - Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderSame as above

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired10/02/2014
1,000,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units)205,922,500 
Direct (%)8.95 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change205,922,500
Date of notice10/02/2014

Remarks :
Notice was received on 14 February 2014.


GAMUDA - Changes in Sub. S-hldr's Int. (29B) - Amanahraya Trustees Berhad - Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGAMUDA BERHAD  
Stock Name GAMUDA  
Date Announced14 Feb 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoGG-140214-32487

Particulars of substantial Securities Holder

NameAmanahraya Trustees Berhad - Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderSame as above

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired11/02/2014
1,500,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units)207,422,500 
Direct (%)9.02 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change207,422,500
Date of notice11/02/2014

Remarks :
Notice was received on 14 February 2014.


QL - Prospectus

Announcement Type: Document Receipt
Company NameQL RESOURCES BERHAD  
Stock Name QL  
Date Announced14 Feb 2014  
CategoryDocument Receipt
Reference NoJM-140214-44882

SubjectRENOUNCEABLE RIGHTS ISSUE OF 166,403,924 NEW ORDINARY SHARES OF RM0.25 EACH IN QL RESOURCES BERHAD ("QL") ("QL SHARE(S)") ("RIGHTS SHARE(S)") AT AN ISSUE PRICE OF RM1.80 PER QL SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY TEN (10) EXISTING QL SHARES HELD BY OUR SHAREHOLDERS AS AT 5.00 P.M. ON 14 FEBRUARY 2014 ("RIGHTS ISSUE")


MINETEC - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameMINETECH RESOURCES BERHAD  
Stock Name MINETEC  
Date Announced14 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140214-42230

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionMinetech Resources Berhad ("MRB" or "the Company")
- Memorandum of Understanding for Partnership
1. INTRODUCTION
      The Board of Directors of MRB wishes to announce that MRB had on 14 February 2014 entered into a Memorandum of Understanding for Partnership (“MOU”) with Sany International Developing (M) Sdn Bhd (“SANY”) and Top-Mech Provincial Sdn Bhd (“TOPMECH”) to explore opportunities available to form a win-win partnership including to pursue projects jointly.

2. DETAILS OF THE MOU

2.1 Background on SANY
      SANY (Company No. 1059635-V) is a company incorporated under the laws of Malaysia and having its business address at 33, UOA Building, Jalan Pinang, 50450 Kuala Lumpur, Wilayah Persekutuan

      SANY is part of the Sany Group of China with a diverse global business presence but is principally involved in the manufacturing of heavy equipment and machinery.

2.2 Background on TOPMECH
      TOPMECH (Company No. 448880-V) is a company incorporated under the laws of Malaysia and having its registered office at No. 13, Jalan Wawasan 3/KU 7, Sungai Kapar Indah, 42209 Klang, Selangor Darul Ehsan.

      TOPMECH is involved in the crane business and is a dealer for certain SANY products.

2.3 Objective of the MOU

      The objectives of the MOU entered between the parties are, inter alia, for the following purposes:-


      a. MRB wishes to grow and expand its business with a view to forming strategic partnerships with partners in complementary business fields.

      b. SANY wishes to grow its business presence and branding in Malaysia as well as the region while helping its network of dealers including TOPMECH.

2.4 Salient Terms of the MOU
      2.4.1 Duration
          The MOU shall remain in force for six (6) months or at the date of the signing of any definitive agreement whichsoever is earlier (hereinafter referred to as “the Exclusivity Period”).
          At the end of the Exclusivity Period or upon the signing of any definitive agreement between the parties, this Memorandum shall ipso facto cease and lapse and be of no further force or effect and the Parties shall have no further claims against each other save for antecedent breach.
      2.4.2 Exclusion of other Parties

          MRB shall co-operate exclusively SANY throughout the Exclusivity Period as set out in the MOU with regards to any party in the field of heavy machinery manufacturing and shall not enter into any transaction with any of SANY’s direct competitors. SANY and TOPMECH shall not compete with MRB in respect of projects that MRB discloses to either of them or use any confidential information relating to project papers discussed by MRB to the detriment of MRB.

3. FINANCIAL EFFECTS
      The MOU is not expected to have any material effect on the earnings, net assets and gearing of MRB for the financial year ending 31 December 2014.

4. DIRECTORS’ AND/OR SUBSTANTIAL SHAREHOLDERS’ INTEREST

Save as disclosed below, none of the Directors and/or substantial shareholders or any person connected to the Directors and/or substantial shareholders of MRB has any interest, either direct or indirect in the execution of the MOU:-

      a. Mr Ma JinLiang is a Director of MRB and Chief Representative of Sany International Developing (M) Sdn. Bhd., a Sany Group Company.

5. DIRECTORS’ STATEMENT

      The Board of Directors of MRB, save for Mr Ma JinLiang who is deemed interested, is of the opinion that the execution of the MOU is in the best interest of the Company.

The announcement is dated 14 February 2014.


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