February 28, 2014

Company announcements: HLBANK, MSC, BPURI, FARLIM, METROD, BOXPAK, MNRB, MPCORP

HLBANK - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):ESOS

Announcement Type: General Announcement
Company NameHONG LEONG BANK BERHAD  
Stock Name HLBANK  
Date Announced28 Feb 2014  
CategoryGeneral Announcement
Reference NoML-140121-34109

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
DescriptionHONG LEONG BANK BERHAD ("HLB")

ESTABLISHMENT OF AN EXECUTIVE SHARE GRANT SCHEME ("ESGS")

We refer to the announcements dated 25 July 2013, 3 September 2013 and 10 September 2013 in relation to the ESGS.

On behalf of HLB, Hong Leong Investment Bank Berhad wishes to announce that HLB has, on 28 February 2014, established the ESGS.

This announcement is dated 28 February 2014.

 



MSC - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameMALAYSIA SMELTING CORPORATION BERHAD  
Stock Name MSC  
Date Announced28 Feb 2014  
CategoryFinancial Results
Reference NoMS-140228-34240

Financial Year End31/12/2013
Quarter4
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited

Attachments

4Q2013_Schedule.pdf
258 KB

4Q2013_Notes.pdf
815 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
336,168
565,716
1,581,980
2,185,686
2Profit/(loss) before tax
50,583
-11,358
66,345
36,075
3Profit/(loss) for the period
23,177
-171,484
10,975
-238,308
4Profit/(loss) attributable to ordinary equity holders of the parent
28,939
-130,806
16,783
-172,271
5Basic earnings/(loss) per share (Subunit)
28.90
-130.80
16.80
-172.30
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
2.2300
2.3100
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


BPURI - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameBINA PURI HOLDINGS BHD  
Stock Name BPURI  
Date Announced28 Feb 2014  
CategoryFinancial Results
Reference NoBP-140227-62541

Financial Year End31/12/2013
Quarter4
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited

Attachments

BPHB 4th Qtr 2013.pdf
111 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
331,283
326,858
1,058,407
1,280,062
2Profit/(loss) before tax
4,742
6,831
13,883
16,404
3Profit/(loss) for the period
614
62
6,044
5,845
4Profit/(loss) attributable to ordinary equity holders of the parent
506
753
5,470
5,110
5Basic earnings/(loss) per share (Subunit)
0.33
0.61
4.02
4.12
6Proposed/Declared dividend per share (Subunit)
1.50
2.00
1.50
2.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.0869
1.0881
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


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

Announcement Type: General Announcement
Company NameFARLIM GROUP (MALAYSIA) BHD  
Stock Name FARLIM  
Date Announced28 Feb 2014  
CategoryGeneral Announcement
Reference NoMB-140228-56383

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionFARLIM GROUP (MALAYSIA) BHD (“FARLIM” OR “COMPANY” OR “VENDOR”)

PROPOSED DISPOSAL OF LANDS FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM112.50 MILLION (“PROPOSED DISPOSAL”)
Reference is made to the announcements dated 23 September 2013, 18 November 2013, 6 December 2013, 23 December 2013 and 28 January 2014 (“Earlier Announcements”) and the circular dated 19 November 2013 (“Circular”) in relation to the Proposed Disposal. Unless otherwise defined, all capitalised terms used in this announcement shall have the same meanings ascribed to them respectively in the Earlier Announcements and Circular.

On behalf of the Board of Directors of Farlim, AmInvestment Bank Berhad wishes to inform that, the Company had on 27 February 2014 received a letter from the solicitors of 1MBD RE (Ayer Itam) Sdn Bhd (“
Purchaser’s Solicitors”) confirming that they have received the Balance Disposal Price together with interest (calculated up to 28 February 2014) amounting to RM103,110,143.19 (collectively known as “Payment Amount”) from 1MBD RE (Ayer Itam) Sdn Bhd.

In the said letter, the Purchaser’s Solicitors also undertake that they will release the Payment Amount to the Company within five (5) business days from the Completion Date.

As stated in the Circular, the Proposed Disposal is expected to be completed by the second (2nd) quarter of the calendar year 2014.

This announcement is dated 28 February 2014.


METROD - OTHERS Metrod Holdings Berhad ("Metrod" or "the Company") - Proposed Renewal of the Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposal")

Announcement Type: General Announcement
Company NameMETROD HOLDINGS BERHAD  
Stock Name METROD  
Date Announced28 Feb 2014  
CategoryGeneral Announcement
Reference NoCK-140228-35425

TypeAnnouncement
SubjectOTHERS
DescriptionMetrod Holdings Berhad ("Metrod" or "the Company")
- Proposed Renewal of the Existing Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposal")

The Board of Directors of the Company wishes to announce that the Company intends to seek shareholders' approval at the forthcoming Annual General Meeting of the Company on the Proposal.

The Circular and Notice of Annual General Meeting setting out details of the Proposal will be sent to the shareholders of the Company in due course.



METROD - Final Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameMETROD HOLDINGS BERHAD  
Stock Name METROD  
Date Announced28 Feb 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoCK-140224-33425

EX-date26/06/2014
Entitlement date30/06/2014
Entitlement time04:00:00 PM
Entitlement subjectFinal Dividend
Entitlement descriptionFinal Single Tier Dividend of 6 sen per share for the financial year ended 31 December 2013.
Period of interest payment to
Financial Year End31/12/2013
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: 03-2264 3883
Payment date 17/07/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers30/06/2014 
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 indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.06

Remarks :
The proposed final divided is subject to the shareholders' approval at the forthcoming Annual General Meeting.


METROD - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameMETROD HOLDINGS BERHAD  
Stock Name METROD  
Date Announced28 Feb 2014  
CategoryFinancial Results
Reference NoCK-140228-34613

Financial Year End31/12/2013
Quarter4
Quarterly report for the financial period ended31/12/2013
The figureshave been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
356,306
303,367
1,299,845
1,279,885
2Profit/(loss) before tax
2,948
-1,077
18,010
51,636
3Profit/(loss) for the period
2,385
-1,071
14,885
49,059
4Profit/(loss) attributable to ordinary equity holders of the parent
2,385
-1,071
14,885
49,059
5Basic earnings/(loss) per share (Subunit)
1.99
-0.89
12.40
40.88
6Proposed/Declared dividend per share (Subunit)
6.00
6.00
6.00
6.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
3.2183
3.1240
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


BOXPAK - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBOX-PAK (MALAYSIA) BERHAD  
Stock Name BOXPAK  
Date Announced28 Feb 2014  
CategoryChange in Boardroom
Reference NoBB-140228-407E5

Date of change28/02/2014
NameSee Tiau Kee
Age59
NationalityMalaysian
DesignationExecutive Director
DirectorateExecutive
Type of changeResignation
ReasonTo pursue his personal interests.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsNone 
Working experience and occupation See Tiau Kee has over 32 years of experience in tin can manufacturing operations having been with the Kian Joo Can Factory Berhad (“Kian Joo”) group of companies since 1976.

He was also an Executive Director of Kian Joo, the holding company which is listed on Bursa Malaysia Securities Berhad, until his resignation on 28 February 2014. 
Directorship of public companies (if any)None 
Family relationship with any director and/or major shareholder of the listed issuerSee Tiau Kee and Dato’ Anthony See Teow Guan, the Managing Director of the Company, are brothers. 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 

Remarks :
The letter of resignation of See Tiau Kee as Executive Director and member of the Board of Directors of the Company was received by the Company on 28 February 2014.


MNRB - OTHERS MNRB ACHIEVES 20.6% INCREASE IN NET PROFIT

Announcement Type: General Announcement
Company NameMNRB HOLDINGS BERHAD  
Stock Name MNRB  
Date Announced28 Feb 2014  
CategoryGeneral Announcement
Reference NoMH-140228-63552

TypeAnnouncement
SubjectOTHERS
DescriptionMNRB ACHIEVES 20.6% INCREASE IN NET PROFIT

PRESS RELEASE * FOR IMMEDIATE RELEASE

MNRB ACHIEVES 20.6% INCREASE IN NET PROFIT


Kuala Lumpur, 28 February 2014 – MNRB Group saw a rise in its net profit by 20.6% for the nine-month period ended 31 December 2013, mainly due to the improvement in its reinsurance subsidiary’s results.

MNRB’s President & Group CEO, Mohd Din Merican said, “We are satisfied with the Group’s results, which are in line with our expectations.”

The Group’s reinsurance subsidiary, Malaysian Reinsurance Berhad (Malaysian Re) continued to record a strong performance with a reported RM1.08 billion in revenue, an increase of 2.9% from RM1.04 billion recorded in the corresponding period last year. This resulted in a profit after tax of RM117.5 million for the period under review as compared to RM96.9 million in the same period last year, on the back of improved claims experience.

“Malaysian Re continues to deliver outstanding underwriting results despite the higher incidence of natural catastrophic events that occurred in the region last year. The expansion in overseas business has been promising with a 10% year-on-year growth for the nine-month period ended 31 December 2013”, Din said.

Takaful Ikhlas Sdn. Bhd. (Takaful IKHLAS), the takaful arm of MNRB, saw its revenue increase by 4.8% from RM601.4 million to RM630.2 million during the first nine months of the current financial year, mainly due to the growth in gross contribution as well as higher investment income. This resulted in a 14.3% increase in its net profit to RM6.9 million, as compared to RM6.0 million recorded last year.

Another subsidiary of MNRB, MNRB Retakaful Berhad (MRT) however, recorded a net loss of RM28.1 million for the period ended 31 December 2013, largely due to the increase in actuarial reserves for its family business. According to Din, “MRT delivered a higher net loss this quarter as it continued to strengthen its reserve position for its family portfolio. This loss was offset by the strong performance of Malaysian Re and the profitable growth of Takaful IKHLAS.”

MNRB Holdings Berhad is an investment holding company. Amongst its wholly owned subsidiaries are Malaysian Reinsurance Berhad, Takaful Ikhlas Sdn. Bhd., MNRB Retakaful Berhad and Malaysian Re (Dubai) Ltd. MNRB is listed on the Main Market of the Bursa Malaysia Securities Berhad.

For more information, please log on to www.mnrb.com.my

###


For any further enquiries, kindly contact:
Puan Noorazimah Tahir (Azie)
Vice President & Head of Corporate Communications at
03-2096 8120 or fax: 03-2096 8003 or
email at: azie@mnrb.com.my





MPCORP - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameMALAYSIA PACIFIC CORPORATION BERHAD  
Stock Name MPCORP  
Date Announced28 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140228-52285

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionMalaysia Pacific Corporation Berhad (“MPCB” or “the Company”)
-Joint Venture Agreement dated 20 August 2008 between AmanahRaya Development Sdn. Bhd. (“ADSB”) and Oriental Pearl City Properties Sdn. Bhd. (“Oriental”).

We refer to the announcements dated 29 February 2012, 26 March 2012, 25 May 2012, 6 June 2012, 1 October 2012, 31 January 2013, 24 October 2013, 25 October 2013, 30 October 2013, 31 October 2013, 21 November 2013, 2 December 2013 and 20 January 2014 pertaining to the subject matter. The terms herein shall bear the same meaning as defined in the said announcements.

The Board of Directors wishes to announce that on 27 February 2014, the Court has adjourned the hearing of the Originating Summons No. 24NCC-265-11/2013 dated 15 November 2013 (“Originating Summons”) against ADSB and fixed the next hearing date to 24 March 2014. The Court has essentially granted the following further injunction order until the next hearing date:

(a) ADSB is further restrained until the disposal of the Originating Summons dated 15 November 2013, from filing, presenting and/or proceeding with any statutory notice pursuant to Section 218 of the Companies Act, 1965 against the Plaintiffs; and

(b) ADSB is further restrained until the disposal of the Originating Summons dated 15 November 2013, from filing, presenting and/or proceeding with any winding-up petition pursuant to Section 218 of the Companies Act, 1965 against the Plaintiffs.

Further announcement will be made on any material development changes as and when appropriate.

This announcement is dated 28 February 2014.



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