XIANLNG - OTHERS XIAN LENG HOLDINGS BERHAD ("XIANLNG" or "the Company") - Writ Summons No. (22 NCVC-54-06/2013) and Statement of Claim filed by Xian Leng Holdings Berhad
| Company Name | XIAN LENG HOLDINGS BERHAD |
| Stock Name | XIANLNG |
| Date Announced | 19 Feb 2014 |
| Category | General Announcement |
| Reference No | CJ-140219-56154 |
| Type | Announcement |
| Subject | OTHERS |
| Description | XIAN LENG HOLDINGS BERHAD ("XIANLNG" or "the Company") - Writ Summons No. (22 NCVC-54-06/2013) and Statement of Claim filed by Xian Leng Holdings Berhad |
We refer to the Company's announcements made on 11 July 2013, 18 July 2013 and 11 September 2013 respectively. Reference is drawn to the abovementioned litigation. The Board wishes to inform that the trial dates 17, 18 and 19 February 2014 has been vacated by court. The next case management is fixed on 25 February 2014. This announcement is dated 19 February 2014.
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ADVENTA - ADVENTA-SUSPENSION OF TRADING
| Company Name | ADVENTA BERHAD |
| Stock Name | ADVENTA |
| Date Announced | 19 Feb 2014 |
| Category | Listing Circular |
| Reference No | IJ-140219-61407 |
LISTING'S CIRCULAR NO. L/Q : 69848 OF 2014
Kindly be advised that at the request of the above Company, trading in its shares will be suspended with effect from 9.00 a.m., Thursday, 20 February 2014 pending an announcement.
THHEAVY - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | TH HEAVY ENGINEERING BERHAD |
| Stock Name | THHEAVY |
| Date Announced | 19 Feb 2014 |
| Category | General Announcement |
| Reference No | CS-140219-C1AE3 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TH HEAVY ENGINEERING BERHAD (“TH HEAVY” OR “THE COMPANY”) - PROPOSED DISPOSAL OF 2,000,000 ORDINARY SHARES OF USD1.00 EACH IN THE CAPITAL OF FLOATECH (L) LTD, REPRESENTING 20% EQUITY INTEREST, BY TH HEAVY FOR A TOTAL CASH CONSIDERATION OF USD13.126 MILLION |
INTRODUCTION The Board of Directors of TH Heavy (“Board”) is pleased to announce that the Company had on 18 February 2014 entered into a Share Sale Agreement (“SSA”) with Globalmariner Offshore Services Sdn. Bhd. (“GMOS” or Purchaser”) to dispose of 2,000,000 ordinary shares of USD1.00 each in the capital of Floatech (L) Ltd (“Floatech”), representing 20% of the equity interest ("Sale Shares") to GMOS, for a total cash consideration of USD13.126 million (“Purchase Price”) (“Proposed Disposal”). Upon completion of the Proposed Disposal, Floatech becomes an 80% subsidiary of TH Heavy. DETAILS OF THE PROPOSED DISPOSAL (a) Information on Floatech
The shareholder of Floatech is currently the Company, which prior to completion of the Proposed Disposal will be the beneficial owner of 10,000,000 ordinary shares representing 100% of the total paid up capital of Floatech.
(b) Information on GMOS
The authorised and paid-up share capital of GMOS are RM1,000,000 and RM500,000 respectively. The principal activity of GMOS is the provision of consulting & management services specializing in Floating Production Storage and Offloading (FPSO) and Offshore Marine Services. (c) Basis of the Sale Consideration
SALIENT TERMS OF THE SSA a) USD1,312,640 (Deposit), being a sum equivalent to 10% of the Purchase Price shall be paid by the Purchaser in cash on or before the date of this agreement to the Company, as deposit towards part payment of the Purchase Price. b) The balance of the Purchase Price representing 90% of the Purchase Price amounting to USD11,813,760 (Balance), shall be paid by the Purchaser to the Company within 30 days from the date of the agreement (Balance Payment Period). For the avoidance of doubt, in the event consent from the relevant financiers of the Company and its holding company (Bank Consents) is not obtained by the Balance Payment Period, the Balance shall be paid by the Purchaser to a stakeholder to be mutually agreed who shall hold the same as stakeholders, with the Balance placed into an interest bearing account. The Balance (together with all accrued interest) shall be released by the stakeholder to the Company upon the Company notifying the Purchaser that it has obtained the Bank Consents. c) The Deposit and the Balance shall be applied towards the payment of the Purchase Price. (b) Conditions precedent
(c) Termination if conditions precedent not fulfilled
a) any obligation under the SSA which is expressed to apply after the termination of the SSA; and b) any rights or obligations which have accrued in respect of any breach of any of the provisions of the SSA to a party prior to such termination. (d) Unconditional Date
UTILISATION OF SALE PROCEEDS The sale proceeds will be utilized for Group working capital and reinvestment for future capital expenditure requirements over the next 2 years. EFFECTS OF THE PROPOSED DISPOSAL (a) Share Capital and Substantial Shareholders' Shareholding
(b) Earnings, Net Assets and Gearing
The Company’s original cost of investment in the Sale Shares is approximately USD2 million. The date of investment was 19 August 2011. RATIONALE FOR THE PROPOSED DISPOSAL The Proposed Disposal will enable the Company to realise its investment and at the same time leverage on the technical and marketing expertise of GMOS in the area of offshore floating systems. EXPECTED GAIN ON THE DISPOSAL The TH Heavy Group is expected to realise an immediate gain of approximately USD4.398 million from the Sale Shares disposal. ASSUMPTION OF LIABILITIES There are no liabilities, including contingent liabilities and guarantees, to be assumed by the Company arising from the Proposed Disposal. APPROVAL REQUIRED The highest percentage ratio applicable to the Proposed Disposal pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 13.7%. The Proposed Disposal is not subject to shareholders’ approval or any regulatory approval. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the Directors and/or major shareholders and/or persons connected to the Directors or major shareholders of TH Heavy has any interest, direct or indirect in the Proposed Disposal. DIRECTORS’ STATEMENT The Board of Directors of TH Heavy, having taken into consideration all aspects relevant to the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of TH Heavy. ESTIMATED COMPLETION Barring unforeseen circumstances, the Proposed Disposal is expected to be completed within 30 days from the date of SSA. This announcement is dated 19 February 2014. | |
SUPERLN - Changes in Director's Interest (S135) - Ongi Cheng San
| Company Name | SUPERLON HOLDINGS BERHAD |
| Stock Name | SUPERLN |
| Date Announced | 19 Feb 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CM-140219-63279 |
Information Compiled By KLSE
Particulars of Director
| Name | Ongi Cheng San |
| Address | 7, Lorong Sri Damak 16, Kawasan 2 Taman Sri Andalas, 41200 Klang, Selangor |
| 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) |
Acquired | 10,000 | 0.575 |
| Circumstances by reason of which change has occurred | Acquired of 10,000 ordinary shares of RM0.50 each in the open market |
| Nature of interest | Direct |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 10,102 |
| Direct (%) | 0.01 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 19/02/2014 |
| Remarks : |
| 1)The percentage of interest is based on the issued and paid-up capital of the Company after excluding a total of 284,079 shares purchased by the Company and retained as treasury shares as at the date of this notice. 2) The above Acquired represented 0.01% of the issued and paid-up capital of the Company after excluding a total of 284,079 shares purchased and retained by the Company as treasury shares as at date of this notice. 3) This announcement served as an announcement pursuant to paragraph 14.09(a) of the Main Market Listing Requirements for dealing outside closed period. |
SUPERLN - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
| Company Name | SUPERLON HOLDINGS BERHAD |
| Stock Name | SUPERLN |
| Date Announced | 19 Feb 2014 |
| Category | General Announcement |
| Reference No | CM-140214-64196 |
| Type | Announcement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Description | In compliance with Paragraph 14.08 of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Superlon Holdings Berhad ("the Company") wishes to announce that it has received notification from the following Directors of the Company of their intention to deal in the securities of the Company during the closed period for the Company's upcoming announcement of the Third quarterly results ended 31 January 2014. Please refer to the Table section for the name and current interest Directors of the Company. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
*The percentage of interest is determined based on the issued and paid-up capital of the Company after excluding a total of 284,079 shares purchased by the Company and retained as treasury shares as at date of this notice. This announcement is dated 19 February 2014. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAXTRAL - PN17-SUSPENSION AND DE-LISTING
| Company Name | MAXTRAL INDUSTRY BERHAD |
| Stock Name | MAXTRAL |
| Date Announced | 19 Feb 2014 |
| Category | Listing Circular |
| Reference No | UM-140219-61137 |
LISTING'S CIRCULAR NO. L/Q : 69845 OF 2014
MAXTRAL INDUSTRY BERHAD ("MAXTRAL" or "the Company") has failed to submit its regularisation plan to Bursa Malaysia Securities Berhad ("Bursa Securities") for approval within the timeframe stipulated under paragraph 8.04(3)(a)(i) of the Bursa Securities Main Market Listing Requirements ("Main LR") and the Company’s application for a further extension of time to submit the regularisation plan was rejected by Bursa Securities.
In the circumstances and pursuant to paragraph 8.04(5) of the Main LR:-
(a) the trading in the securities of the Company will remain suspended until further notice; and
(b) the securities of the Company will be de-listed on 3 March 2014 unless an appeal is submitted to Bursa Securities on or before 26 February 2014 ("the Appeal Timeframe"). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.
In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 3 March 2014 shall be deferred pending the decision on the Company’s appeal.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities.
- This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.
Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
MAXTRAL - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN
| Company Name | MAXTRAL INDUSTRY BERHAD |
| Stock Name | MAXTRAL |
| Date Announced | 19 Feb 2014 |
| Category | General Announcement |
| Reference No | CC-140219-65893 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN |
| Description | MAXTRAL INDUSTRY BERHAD ("MAXTRAL" OR THE "COMPANY") APPLICATION FOR AN EXTENSION OF TIME TO SUBMIT REGULARISATION PLAN ("APPLICATION") |
We refer to the Company's first announcement made on 21 December 2012, 20 December 2013 and 23 December 2013 in relation to Practice Note 17 of the Main Market Listing Requirement. | |
CHEEWAH - Quarterly rpt on consolidated results for the financial period ended 31/12/2013
| Company Name | CHEE WAH CORPORATION BERHAD |
| Stock Name | CHEEWAH |
| Date Announced | 19 Feb 2014 |
| Category | Financial Results |
| Reference No | CW-140219-32492 |
| Financial Year End | 30/06/2014 |
| Quarter | 2 |
| Quarterly report for the financial period ended | 31/12/2013 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION31/12/2013 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 27,110 | 26,980 | 45,948 | 41,976 |
| 2 | Profit/(loss) before tax | 921 | 985 | 322 | 226 |
| 3 | Profit/(loss) for the period | 827 | 871 | 336 | 273 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 827 | 871 | 336 | 273 |
| 5 | Basic earnings/(loss) per share (Subunit) | 1.96 | 2.07 | 0.80 | 0.65 |
| 6 | Proposed/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 ($$) | 1.0100 | 1.0000 | ||
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
UBB - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
| Company Name | UNITED BINTANG BERHAD |
| Stock Name | UBB |
| Date Announced | 19 Feb 2014 |
| Category | General Announcement |
| Reference No | OS-140219-65410 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | UNITED BINTANG BERHAD (“UBB” OR “THE COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO 16,201,500 NEW ORDINARY SHARES OF RM1.00 EACH IN UBB TO INDEPENDENT THIRD PARTY INVESTORS TO BE IDENTIFIED (“PROPOSED PRIVATE PLACEMENT”) |
On behalf of the Board of Directors of UBB, M&A
Securities Sdn Bhd (“M&A Securities”) is pleased to announce that Bursa
Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter
dated 18 February 2014, approved the listing of and quotation for up to 16,201,500
new UBB Shares to be issued
pursuant to the Proposed Private Placement on the Main Market of Bursa
Securities subject to the following conditions: (i) UBB and M&A Securities must fully comply with the relevant
provisions under the Bursa Securities Main Market Listing Requirements (“LR”) pertaining
to the implementation of the Proposed Private Placement; (ii) UBB and M&A Securities to inform Bursa Securities upon the
completion of the Proposed Private Placement; (iii) UBB to furnish Bursa Securities with a written confirmation of its
compliance with the terms and conditions of Bursa Securities’ approval once the
Proposed Private Placement is completed; (iv) UBB to furnish Bursa Securities with a certified true copy of the
resolution passed pursuant to Section 132D of the Companies Act, 1965, in the
event the existing authority has expired prior to the implementation of the
Proposed Private Placement; (v) M&A Securities must submit to Bursa Securities the placees’ details
in accordance with Paragraph 6.15 of the LR as soon as practicable before the
listing of new shares to be issued pursuant to the Proposal; and (vi) UBB to pay the additional listing fee payable together with a copy of
the details of the computation of the amount of listing fees payable based on
the final issue price (if applicable). This announcement is
dated 19 February 2014. | |
YOKO - Notice of Shares Buy Back by a Company pursuant to Form 28A
| Company Name | YOKOHAMA INDUSTRIES BERHAD |
| Stock Name | YOKO |
| Date Announced | 19 Feb 2014 |
| Category | Notice of Shares Buy Back by a Company Pursuant to Form 28A |
| Reference No | CC-140218-3C2C2 |
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