March 7, 2014

Company announcements: CSCSTEL, CANONE, SCABLE, PCHEM, FGV, IHH, BIMB

CSCSTEL - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameCSC STEEL HOLDINGS BERHAD  
Stock Name CSCSTEL  
Date Announced7 Mar 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCM-140304-36466

Date of buy back from24/02/2014
Date of buy back to24/02/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)5,000
Minimum price paid for each share purchased ($$)1.320
Maximum price paid for each share purchased ($$)1.320
Total amount paid for shares purchased ($$)6,636.70
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)5,000
Total number of shares retained in treasury (units)8,088,200
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies07/03/2014
Lodged by Tricor Corporate Services Sdn. Bhd. (779773-H)

Remarks :
49-B Taman Melaka Raya 8, Taman Melaka Raya, 75000 Melaka


CANONE - OTHERS Can-One Berhad ("Can-One" or "the Company") (i) Proposed renewal of authority for the Company to purchase its own shares; and (ii) Proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature (collectively referred to as "Proposals")

Announcement Type: General Announcement
Company NameCAN-ONE BERHAD  
Stock Name CANONE  
Date Announced7 Mar 2014  
CategoryGeneral Announcement
Reference NoC--140303-33389

TypeAnnouncement
SubjectOTHERS
DescriptionCan-One Berhad ("Can-One" or "the Company")
(i) Proposed renewal of authority for the Company to purchase its own shares; and
(ii) Proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature
(collectively referred to as "Proposals")

The Board of Directors of Can-One wishes to announce that the Company intends to seek its shareholders’ approval on the following proposals at the forthcoming Tenth Annual General Meeting of the Company:

(i) Proposed renewal of authority for the Company to purchase its own shares of up to ten per centum (10%) of the issued and paid-up share capital of the Company; and

(ii) Proposed shareholders' mandate for the Company and its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature.

The Statement and Circular to Shareholders containing detailed information on the Proposals will be issued and despatched to the shareholders of the Company in due course.


This announcement is dated 7 March 2014.

 



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

Announcement Type: General Announcement
Company NameSARAWAK CABLE BERHAD  
Stock Name SCABLE  
Date Announced7 Mar 2014  
CategoryGeneral Announcement
Reference NoCC-140307-04FDC

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09 of the Main Market Listing Requirements, Sarawak Cable Berhad ("the Company") wishes to announce that the Company has received notification dated 7 March 2014 from the Managing Director/Chief Executive Officer of the Company, Mr. Toh Chee Ching, details as outlined below:

Date of acquisition
Nature of transaction
Consideration (RM)
No. of shares acquired
6 March 2014
Indirect interest
- Acquisition through open market by his spouse
    RM1.52
    per share
25,000 (0.01%)


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

Announcement Type: General Announcement
Company NameSARAWAK CABLE BERHAD  
Stock Name SCABLE  
Date Announced7 Mar 2014  
CategoryGeneral Announcement
Reference NoCC-140306-60919

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionAnnouncement on Recurrent Related Party Transactions

Sarawak Cable Berhad (“SCB” or “the Company”) wishes to announce on the following recurrent related party transaction of a revenue and/or trading nature (“RRPT”) entered into between SCB’s subsidiaries and the related party: 

Name of Related Party

Nature of RRPT

Amount of RRPT
(RM)

Universal Cable (M) Berhad
(“UCMB”)

Purchase of Cables from UCMB

2,029,900

The above amount of which by way of aggregation, has exceeded the prescribed percentage ratio of 1% in respect of recurrent transactions entered into as at 28 February 2014.

Nature of RRPT

The RRPT entered into by SCB’s subsidiaries is in the ordinary course of business. It is a recurring transaction of a revenue and/or trading nature which was occurred with some degree of frequency and raise at any time and from time to time. This RRPT may be constrained by the time-sensitive nature and confidentiality of such transaction of the minority shareholders and are on terms not more favourable to UCMB than those generally available to the public and are not detrimental to the interest of the minority shareholders.

Rationale of RRPT

The rationale for SCB’s subsidiaries to enter into RRPT is to take advantage of efficiencies in business dealings, in particular to maximize the utilisation of available resources and to reduce the fixed overhead cost. The RRPT met the business needs of SCB’s subsidiaries at the best possible terms. By transacting with UCMB, SCB’s subsidiaries would have an advantage of familiarity with the background, financial well-being and management of UCMB, thus enabling more informed commercial decisions to be made in dealings with them, SCB’s subsidiaries and UCMB have a good understanding of each other’s business needs thus providing a platform where all parties can benefit from conducting the RRPT. These would ultimately benefit the SCB’s subsidiaries and the shareholders by enhancing profitability and returns on shareholders’ funds.

Effect of RRPT on SCB

The RRPT is not expected to have any significant effect on the earnings per share, net assets per share and gearing of SCB. It has no effect on the share capital and substantial shareholders’ shareholding of SCB.

The nature and extent of the interest of the interested director

Dato’ Seri H’ng Bok San @ H’ng Ah Ba is the Non-Independent Non-Executive Director of SCB. Dato' Seri H'ng is also a director and a substantial shareholder of UCMB. As such, UCMB is a person connected with Dato Seri H’ng Bok San and therefore he is deemed interested in the RRPT.

Whether the RRPT is subject to the approval of shareholders and the relevant government authorities

The RRPT is not subject to the approval of shareholders and the relevant government authorities.

Statement by Audit Committee

The Audit Committee having considered the rationale for the RRPT and all aspects of the RRPT, was of the view that the RRPT is in the best interests of the Company, fair, reasonable and on normal commercial terms and not detrimental to the interests of the minority shareholders as the RRPT was entered into in the ordinary course of business on normal commercial terms which are not more favourable to the related parties than those generally available to the public.

Statement by Directors

The Directors, saved for Dato’ Seri H’ng Bok San @ H’ng Ah Ba, having considered all aspects of the RRPT, were of the opinion that the RRPT is in the best interest of the Company and not detrimental to the interest of the minority shareholders.

This announcement is dated 7 March 2014.

 

 

 

 

 


SCABLE - Changes in Director's Interest (S135) - Toh Chee Ching

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSARAWAK CABLE BERHAD  
Stock Name SCABLE  
Date Announced7 Mar 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140307-F4812

Information Compiled By KLSE

Particulars of Director

NameToh Chee Ching
AddressNo. 838H, Off Jalan Stampin Tengah 5, 93350 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
06/03/2014
25,000
1.520 

Circumstances by reason of which change has occurredAcquisition through open market by his spouse
Nature of interestIndirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)38,591,996 
Direct (%)13.81 
Indirect/deemed interest (units)1,999,000 
Indirect/deemed interest (%)0.72 
Date of notice07/03/2014


PCHEM - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePETRONAS CHEMICALS GROUP BERHAD  
Stock Name PCHEM  
Date Announced7 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPC-140307-2DCED

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19
Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur.
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/03/2014
2,000,000
 

Circumstances by reason of which change has occurredSale of shares in the open market
Nature of interestDirect
Direct (units)2,000,000 
Direct (%)0.025 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change968,728,500
Date of notice05/03/2014

Remarks :
Form 29B dated 5 March 2014 was received by the Company on 7 March 2014.


FGV - 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 NameFELDA GLOBAL VENTURES HOLDINGS BERHAD  
Stock Name FGV  
Date Announced7 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoFG-140307-6F729

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 share of RM1.00 each
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4,5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/02/2014
76,700
 

Circumstances by reason of which change has occurredDisposal of 76,700 shares in open market by KWAP's Fund Manager on 28/02/2014
Nature of interestDirect
Direct (units)263,723,500 
Direct (%)7.23 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change263,723,500
Date of notice06/03/2014

Remarks :
Received Notice on 7 March 2014


IHH - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIHH HEALTHCARE BERHAD  
Stock Name IHH  
Date Announced7 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIH-140307-11876

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF Act 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderEmployees Provident Fund Board
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur.
(96,446,000 ordinary shares of RM1.00 each)

Citigroup Nominees (Tempatan) Sdn Bhd [Employees Provident Fund Board]
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur.
(638,730,100 ordinary shares of RM1.00 each)

Employees Provident Fund Board
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur.
(1,500,000 ordinary shares of RM1.00 each)

Citigroup Nominees (Tempatan) Sdn Bhd [Employees Provident Fund Board (NOMURA)]
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur.
(19,590,000 ordinary shares of RM1.00 each)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired04/03/2014
292,700
 

Circumstances by reason of which change has occurredAcquisition
Nature of interestDirect
Direct (units)756,266,100 
Direct (%)9.3 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change756,266,100
Date of notice05/03/2014

Remarks :
Notice was received on 7 March 2014.


BIMB - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBIMB HOLDINGS BERHAD  
Stock Name BIMB  
Date Announced7 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBH-140307-A6CD2

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd (Employees Provident Fund Board) of
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed05/03/2014
320,700
 

Circumstances by reason of which change has occurredDisposed
Nature of interestDirect
Direct (units)139,360,700 
Direct (%)9.33 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change139,360,700
Date of notice06/03/2014

Remarks :
The Breakdown of 139,360,700 Ordinary Shares of RM1.00 each held by Employees Provident Fund Board are as follows:-

(1) 122,114,980 shares are registered under Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident Fund Board);
(2) 15,645,720 shares are registered under Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident FD BD (CIMB PRI)); and
(3) 1,600,000 shares are registered under Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident FD BD (ARIM)).

The Form 29B received on 7 March 2014.


BIMB - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBIMB HOLDINGS BERHAD  
Stock Name BIMB  
Date Announced7 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBH-140307-43CB4

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd (Employees Provident Fund Board) of
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/03/2014
473,000
 

Circumstances by reason of which change has occurredDisposed
Nature of interestDirect
Direct (units)139,681,400 
Direct (%)9.35 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change139,681,400
Date of notice05/03/2014

Remarks :
The Breakdown of 139,681,400 Ordinary Shares of RM1.00 each held by Employees Provident Fund Board are as follows:-

(1) 122,435,680 shares are registered under Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident Fund Board);
(2) 15,645,720 shares are registered under Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident FD BD (CIMB PRI)); and
(3) 1,600,000 shares are registered under Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident FD BD (ARIM)).

The Form 29B received on 7 March 2014.


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