March 31, 2014

Company announcements: CONNECT, MYETFDJ, GAMUDA, TROP, MILUX, KKB, WCT, UBB

CONNECT - OTHERS CONNECTCOUNTY HOLDINGS BERHAD (“CCHB”) - ANNOUNCEMENT ON EXTENSION OF TIME OF MEMORANDUM OF UNDERSTANDING (“MOU”)

Announcement Type: General Announcement
Company NameCONNECTCOUNTY HOLDINGS BERHAD (ACE Market) 
Stock Name CONNECT  
Date Announced31 Mar 2014  
CategoryGeneral Announcement
Reference NoC&-140331-71C81

Regularisation SponsorM&A Securities Sdn Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionCONNECTCOUNTY HOLDINGS BERHAD (“CCHB”)
- ANNOUNCEMENT ON EXTENSION OF TIME OF MEMORANDUM OF UNDERSTANDING (“MOU”)

We refer to the Company’s announcements dated 29 October 2013 and 31 December 2013 pertaining to the Memorandum of Understanding (“MOU”) entered by CCHB. The Board of Directors wishes to announce on the extension of time granted to the MOU.

Kindly refer to the attachment for further details of the announcement.

This announcement is dated 31 March 2014



MYETFDJ - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25  
Stock Name MYETFDJ  
Date Announced31 Mar 2014  
CategoryGeneral Announcement
Reference NoMD-140331-68228

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 31-03-2014
Fund: MYETFDJ
NAV per unit (RM): 1.1655
Units in Circulation (units): 255,100,000
Manager's Fee (%p.a): 0.40
Trustee's Fee (%p.a): 0.05
License Fee (%p.a): 0.04
DJIM25 Index: 1,043.61

 

Attachments

Daily Fund Values310314.pdf
316 KB



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

Announcement Type: General Announcement
Company NameGAMUDA BERHAD  
Stock Name GAMUDA  
Date Announced31 Mar 2014  
CategoryGeneral Announcement
Reference NoMM-140331-53533

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPROPOSED ACQUISITION BY GAMUDA BERHAD (“GAMUDA”) OF THE REMAINING 70% EQUITY INTEREST IN KESAS HOLDINGS BERHAD (“KESAS HOLDINGS”) NOT HELD BY GAMUDA (“PROPOSED ACQUISITION”)

We refer to the announcements dated 4 November 2013, 18 November 2013, 18 December 2013, 23 December 2013, 30 December 2013, 16 January 2014 and 10 February 2014 in relation to Gamuda’s offer to acquire the remaining equity interest in Kesas Holdings not held by Gamuda.

On behalf of Gamuda, CIMB Investment Bank Berhad (“CIMB”) is pleased to announce that the conditional share purchase agreement (“SPA”) with Amcorp Properties Berhad (“Amcorp Properties”) for the acquisition of up to 20% equity interest in Kesas Holdings held by Amcorp Properties has become unconditional today upon the fulfillment of condition precedents in the SPA and was completed following the payment of RM280 million purchase consideration to Amcorp Properties.

Accordingly, Gamuda is obligated to extend a mandatory take-over offer to PKNS and PNB for ordinary shares of RM1.00 each and redeemable preference shares of RM1.00 each in Kesas Holdings not owned by Gamuda under the requirements of the Malaysian Code of Take-Overs and Mergers, 2010 (“Code”) (“Offer”). A notice of the Offer has been served by CIMB, on behalf of Gamuda, to the Board of Directors of Kesas Holdings today (“Notice”). Please refer to the Notice attached herewith for further details.

Gamuda intends to seek an exemption from undertaking the Offer under Paragraph 20.1 of Practice Note 9 of the Code from the Securities Commission (“SC”) (“Proposed Exemption”). In this regard, Gamuda has received an undertaking from Perbadanan Kemajuan Negeri Selangor not to accept the Offer and intends to procure an undertaking from Permodalan Nasional Berhad (“PNB”) not to accept the Offer (“PNB Undertaking”). If the PNB Undertaking is obtained and the Proposed Exemption is approved by the SC, the Offer shall terminate with effect from the date of grant of the Proposed Exemption.

This announcement is dated 31 March 2014.

Attachments

Notice.pdf
3868 KB



TROP - OTHERS TROPICANA CORPORATION BERHAD (FORMERLY KNOWN AS DIJAYA CORPORATION BERHAD)("TROPICANA") - RESPONSE TO THEEDGE MALAYSIA ARTICLE ENTITLED, “TROPICANA IN TALKS WITH SELANGOR FOR AMICABLE SOLUTION” DATED 31 MARCH 2014

Announcement Type: General Announcement
Company NameTROPICANA CORPORATION BERHAD  
Stock Name TROP  
Date Announced31 Mar 2014  
CategoryGeneral Announcement
Reference NoTC-140331-65295

TypeAnnouncement
SubjectOTHERS
DescriptionTROPICANA CORPORATION BERHAD (FORMERLY KNOWN AS DIJAYA CORPORATION BERHAD)("TROPICANA")
- RESPONSE TO THEEDGE MALAYSIA ARTICLE ENTITLED, “TROPICANA IN TALKS WITH SELANGOR FOR AMICABLE SOLUTION” DATED 31 MARCH 2014

We refer to the article entitled, “Tropicana in talks with Selangor for amicable solution” appearing in TheEdge Malaysia Weekly published on Monday, 31 March 2014.

The Board of Directors of Tropicana wishes to announce that the Company will clarify the above matter with Permodalan Negeri Selangor Berhad (PNSB) and will subsequently announce any further developments in due course.


This announcement is dated 31 March 2014.



MILUX - REPLY TO THE QUERIES RAISED BY BURSA MALAYSIA SECURITIES BERHAD DATED 27 MARCH 2014

Announcement Type: General Announcement
Company NameMILUX CORPORATION BERHAD  
Stock Name MILUX  
Date Announced31 Mar 2014  
CategoryGeneral Announcement
Reference NoOS-140331-A2372

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDIJ-140326-56122
SubjectREPLY TO THE QUERIES RAISED BY BURSA MALAYSIA SECURITIES BERHAD DATED 27 MARCH 2014
DescriptionMILUX CORPORATION BERHAD (“MILUX” OR “COMPANY”)

• PROPOSED SHARE SPLIT;
• PROPOSED AMENDMENT;
• PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
• PROPOSED DIVERSIFICATION

(COLLECTIVELY, THE “PROPOSALS”)
Query Letter Contents We refer to the Company's announcement dated 25 March 2014, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

Total financing required for the operations of the Mine and the Exploration
Area, the source of funds (other than the proceeds from the Proposed Rights
Issue) and to quantify the expenditure incurred todate;
The nature of the "mining site infrastructure" and "sub-contractor fees" to be
financed from the proceeds from the Proposed Rights Issue;
The specific details of the future ventures in iron mining for which an amount
of up to RM28.53 million from the Proposed Rights Issue is earmarked for;
The tentative timeframe to obtain the Second Mining Lease and the name of the
authority that will grant the lease;
The name of the party/authority that Principle Mining Sdn Bhd ("PMSB") obtain
the contractual right to carry out mining operations on the Mine, and whether
the Mining Lease is renewable beyond 22 June 2014;
The relationship between PMSB and Mentiga Mining Sdn Bhd ("Mentiga") and
Edubest Resources Sdn Bhd ("Edubest");
The details of Mentiga and Edubest including the principle business activities,
the issued and paid-up share capital, directors and major shareholders together
with their respective shareholdings;
To be specific on who is the concession holder of the Mine and Exploration
Area, and to elaborate further on the arrangements between Mentiga, Edubest and
PMSB in respect of the consession of the Mine and Exploration Area;
Total reserves available together with the extraction rates and returns that is
expected to be derived from the Mine and Exploration Area;
Whether your Company has appointed any expert to undertake the geophysical/
feasibility study on the Mine and Exploration Area. If yes, please state the
name of the expert, appointment date as well as the summary of geophysical/
feasibility report. Please state also the time and place where such
geophysical/ feasibility study report is available for inspection;
The expected production output for the next three (3) years together with the
bases and assumption used; and
The specific risks in relation to the mining operation which could materially
affect your Company and what are the mitigating factors to minimise such risks.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully




HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation
IJ
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)

 

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 25 March 2014 and 28 March 2014.

 

 

 

Further to the announcement dated 28 March 2014 in relation to the queries raised by Bursa Securities on the Proposals, M&A Securities on behalf of the Board of Milux wishes to announce the following additional information.

 

 

 

 

 

9. Total reserves available together with the extraction rates and returns that is expected to be derived from the Mine and Exploration Area.

 

 

 

Edubest’s average iron ore selling price on a Free On Board “FOB” basis for 2013 was approximately USD 90.00 per ton. Therefore, the Company is assuming that the revenue per ton is at RM270.00 (USD 90.00 at an average exchange rate of RM3.00 to USD 1.00).

 

 

 

Based on the extraction rate of 235,000 mt for the first year, the mine and exploration area is expected to generate an estimated return of RM7.90 million during the first year of operation to Pansprint. The figure of RM7.90 million is derived after deducting the production cost, transportation cost, port charges, royalty payable to Pejabat Galian, profit sharing to PMSB and the other expenses in the operating side.

 



 

10. Whether your Company has appointed any expert to undertake the geophysical/ feasibility study on the Mine and Exploration Area. If yes, please state the name of the expert, appointment date as well as the summary of geophysical/ feasibility report. Please state also the time and place where such geophysical/ feasibility study report is available for inspection.

 

 

 

(continuing from the previous announcement)

 

 

 

Although Milux did not appoint any expert to undertake the geophysical/feasibility study on the Exploration Area, based on the Mining Scheme which was prepared by Mining Consultant IR Wan Anuar Bin Ibrahim commissioned by Mentiga in November 2010, the exploration area covers an area of approximately 221.6 hectares and the total reserves of iron ore in the exploration area was estimated to be 14,616,000 mt while recoverable reserves was estimated to be approximately 7,308,000 mt.

 

 

 



KKB - Changes in Director's Interest (S135) - Dato Kho Kak Beng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKKB ENGINEERING BERHAD  
Stock Name KKB  
Date Announced31 Mar 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140331-09E44

Information Compiled By KLSE

Particulars of Director

NameDato Kho Kak Beng
AddressNo. 14, Jalan Three Hills Park, Off Jalan Pending
93300 Kuching, Sarawak
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
26/03/2014
5,000
2.470 
Acquired
28/03/2014
10,000
2.470 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial interest in Kho Kak Beng Holding Company Sdn. Bhd.
Nature of interestIndirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)4,742,480 
Direct (%)1.84 
Indirect/deemed interest (units)103,922,700 
Indirect/deemed interest (%)40.31 
Date of notice31/03/2014

Remarks :
(i) 4,742,480 shares are registered in the name of Dato Kho Kak Beng.
(ii) Deemed interested by virtue of:
(a) 103,456,720 shares held by Kho Kak Beng Holding Company Sdn. Bhd. in which Dato Kho Kak Beng has substantial interest.
(b) Shares held by his spouse, Datin Liew Moi Fah (296,000 shares) and his child, Kho Poh Joo (169,980 shares)


KKB - Changes in Sub. S-hldr's Int. (29B) - Dato Kho Kak Beng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKKB ENGINEERING BERHAD  
Stock Name KKB  
Date Announced31 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140331-09E43

Particulars of substantial Securities Holder

NameDato Kho Kak Beng
AddressNo. 14, Jalan Three Hills Park, Off Jalan Pending
93300 Kuching, Sarawak.
NRIC/Passport No/Company No.430729-13-5023
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderKho Kak Beng Holding Company Sdn. Bhd.
No. 22, 4th Floor, Jalan Tunku Abdul Rahman
93100 Kuching, Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/03/2014
5,000
2.470 
Acquired28/03/2014
10,000
2.470 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial interest in Kho Kak Beng Holding Company Sdn. Bhd.
Nature of interestIndirect Interest
Direct (units)4,742,480 
Direct (%)1.84 
Indirect/deemed interest (units)103,456,720 
Indirect/deemed interest (%)40.13 
Total no of securities after change108,199,200
Date of notice31/03/2014

Remarks :
(i) 4,742,480 shares are registered in the name of Dato Kho Kak Beng.
(ii) Deemed interested by virtue of 103,456,720 shares held by Kho Kak Beng Holding Company Sdn. Bhd. in which Dato Kho Kak Beng has substantial interest.


KKB - Changes in Sub. S-hldr's Int. (29B) - Kho Kak Beng Holding Company Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKKB ENGINEERING BERHAD  
Stock Name KKB  
Date Announced31 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140331-09E34

Particulars of substantial Securities Holder

NameKho Kak Beng Holding Company Sdn. Bhd.
AddressNo. 22, 4th Floor, Jalan Tunku Abdul Rahman
93100 Kuching, Sarawak.
NRIC/Passport No/Company No.286770-A
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderKho Kak Beng Holding Company Sdn. Bhd.
No. 22, 4th Floor, Jalan Tunku Abdul Rahman
93100 Kuching, Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/03/2014
5,000
2.470 
Acquired28/03/2014
10,000
2.470 

Circumstances by reason of which change has occurredAcquisition through open market
Nature of interestDirect Interest
Direct (units)103,456,720 
Direct (%)40.13 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change103,456,720
Date of notice31/03/2014


WCT - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (DiPerbadankan)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced31 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-140331-8668E

Particulars of substantial Securities Holder

NameKumpulan Wang Persaraan (DiPerbadankan)
AddressAras 4,5 & 6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang, 55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderKumpulan Wang Persaraan (DiPerbadankan) (58,553,890 Shares)
Fund Managers (9,750,755 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed24/03/2014
1,000,000
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect
Direct (units)68,304,645 
Direct (%)6.28 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change68,304,645
Date of notice31/03/2014

Remarks :
Form 29B dated 31 March 2014 was received on 31 March 2014.


UBB - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameUNITED BINTANG BERHAD  
Stock Name UBB  
Date Announced31 Mar 2014  
CategoryGeneral Announcement
Reference NoOS-140331-A2615

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionUNITED BINTANG BERHAD (“UBB” OR “THE COMPANY”)

PROPOSED PRIVATE PLACEMENT;
PROPOSED ACQUISITION; AND
PROPOSED DIVERSIFICATION

(COLLECTIVELY, THE “PROPOSALS”)

 

Further to the announcement dated 19 March 2014 in relation to the Proposals, on behalf of the Board of Directors of UBB, M&A Securities Sdn Bhd wishes to announce that it has submitted an application for a further extension of time up to 22 April 2014 to issue the circular to shareholders in relation to the Proposals.

 

 

 

This announcement is dated 31 March 2014.

 

 

 



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