March 14, 2014

Company announcements: LBICAP, SALCON, MAHSING, IREKA, PMETAL, EG

LBICAP - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameLBI CAPITAL BERHAD  
Stock Name LBICAP  
Date Announced14 Mar 2014  
CategoryGeneral Announcement
Reference NoOS-140314-64531

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionPROPOSED ESTABLISHMENT OF A NEW EMPLOYEES’ SHARE OPTION SCHEME OF UP TO FIFTEEN PERCENT (15%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF LBI FOR THE ELIGIBLE DIRECTORS AND EMPLOYEES OF LBI AND ITS SUBSIDIARIES (EXCLUDING SUBSIDIARIES WHICH ARE DORMANT) (“PROPOSED ESOS”)

We refer to the Company’s announcement dated on 29 January 2014 in relation to, inter alia, the Proposed ESOS (“Announcement”).

 

Abbreviations and definitions used in this announcement shall be the same as those previously defined in the Announcement unless defined otherwise.

 

Paragraph 9.33(1)(a) of the Main Market Listing Requirements of Bursa Securities, stipulates that, amongst others, the listed issuer must submit the draft circular or document to Bursa Securities as soon as possible and in any event not later than two (2) months from the date of the announcement or the date the last approval necessary for the corporate proposal is obtained from the relevant authority, whichever is the later.

 

On behalf of LBI, TA Securities Holdings Berhad (“TA Securities”) wishes to announce that an application for an extension of time of up to 29 May 2014 for the submission of the draft circular to shareholders and the listing application in relation to the Proposed ESOS had been submitted to Bursa Securities for its approval (“Application”).

 

The Application is being considered by Bursa Securities, the outcome of which will be announced in due course.

 

This announcement is dated 14 March 2014.


SALCON - Quarterly rpt on consolidated results for the financial period ended 31/12/2013 (Amended Announcement)

Announcement Type: Financial Results
Company NameSALCON BERHAD  
Stock Name SALCON  
Date Announced14 Mar 2014  
CategoryFinancial Results
Reference NoCK-140314-64156

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

Attachments

SB 4th Qtr 2013_Amended.pdf
367 KB


Remarks :
The amendment is on Note 9 of Part B of the Notes to the Interim Financial Statements for the Cummulative Fourth Quarter Ended 31 December 2013. Note 9 should be amended to read as follows:-

"Proposed Dividend

The Board of Directors proposed a special final dividend of 3 sen (single tier tax exempt) per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2013 for the approval of the shareholders at the Eleventh Annual General Meeting."
  • 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
91,093
61,445
169,761
182,146
2Profit/(loss) before tax
-16,117
2,040
-26,472
-1,411
3Profit/(loss) for the period
34,067
16,334
58,598
31,462
4Profit/(loss) attributable to ordinary equity holders of the parent
20,257
8,106
24,585
11,282
5Basic earnings/(loss) per share (Subunit)
3.34
1.56
3.79
2.20
6Proposed/Declared dividend per share (Subunit)
3.00
1.00
3.00
1.00


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 ($$)
0.8400
0.8000
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


SALCON - OTHERS (Amended Announcement)

Announcement Type: General Announcement
Company NameSALCON BERHAD  
Stock Name SALCON  
Date Announced14 Mar 2014  
CategoryGeneral Announcement
Reference NoCK-140314-63681

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED SPECIAL FINAL DIVIDEND

We refer to our earlier announcement dated 26 February 2014 in relation to the Proposed Final Dividend ("the Announcement") and wish to clarify that the proposed dividend should read as "Special Final Dividend" and not "Final Dividend".

The Board of Directors of Salcon Berhad wishes to inform that the Announcement should be amended to read as follows:-

"The Board of Directors of Salcon Berhad ("the Company") is pleased to propose a Special Final Dividend of 3 sec (single tier tax exempt) per ordinary share of RM0.50 each in respect of the financial year ended 30 December 2013 for the approval of the shareholders at the forthcoming Company's Eleventh Annual General Meeting.

The proposed entitlement and payment dates for the Special Final Dividend shall be determined at a later date and announced accordingly."



SALCON - OTHERS (Amended Announcement)

Announcement Type: General Announcement
Company NameSALCON BERHAD  
Stock Name SALCON  
Date Announced14 Mar 2014  
CategoryGeneral Announcement
Reference NoCK-140314-8C72F

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED SPECIAL FINAL DIVIDEND

We refer to our earlier announcement dated 26 February 2014 in relation to the Proposed Final Dividend ("the Announcement") and wish to clarify that the proposed dividend should read as "Special Final Dividend" and not "Final Dividend".

The Board of Directors of Salcon Berhad wishes to inform that the Announcement should be amended to read as follows:-

"The Board of Directors of Salcon Berhad ("the Company") is pleased to propose a Special Final Dividend of 3 sen (single tier tax exempt) per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2013 for the approval of the shareholders at the forthcoming Company's Eleventh Annual General Meeting.

The proposed entitlement and payment dates for the Special Final Dividend shall be determined at a later date and announced accordingly."



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

Announcement Type: General Announcement
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced14 Mar 2014  
CategoryGeneral Announcement
Reference NoMS-140314-1109E

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMAH SING GROUP BERHAD (“MAH SING” OR “COMPANY”)

PROPOSED ACQUISITION BY ENCHANTING HEIGHTS SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MAH SING, OF ALL THAT PIECE OF PRIME LAND WITH POTENTIAL GROSS DEVELOPMENT VALUE OF APPROXIMATELY RM1.15 BILLION IN KUALA LUMPUR MEASURING APPROXIMATELY 12.38 ACRES FOR A CASH CONSIDERATION OF RM72,801,828 OR EQUIVALENT TO RM135 PER SQUARE FOOT (“PROPOSED ACQUISITION”)

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 28 May 2013.

Further to our announcements on 28 May 2013, 21 October 2013 and 20 November 2013, the Board of Directors of Mah Sing wishes to announce that the Proposed Acquisition has been completed.

This announcement is dated 14 March 2014.



IREKA - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameIREKA CORPORATION BERHAD  
Stock Name IREKA  
Date Announced14 Mar 2014  
CategoryGeneral Announcement
Reference NoMI-140314-62623

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionIREKA CORPORATION BERHAD (“IREKA” OR THE “COMPANY”)

I. PROPOSED TWO-CALL RIGHTS ISSUE; AND
II. PROPOSED AMENDMENT

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the previous announcement in relation to the Proposed Two-Call Rights Issue. 

We refer to the announcement dated 27 February 2014 in relation to the Proposed Two-Call Rights Issue. 

On behalf of the Board of Directors of Ireka, RHB Investment Bank wishes to announce that the Company proposes to amend its Articles of Association to facilitate the Proposed Two-Call Rights Issue (“Proposed Amendment”). 

The Proposed Amendment to the Articles of Association of Ireka is set out below:- 

Clause No.

Existing

Proposed Change

150

The Company in general meeting may upon the recommendation of the directors resolve that it is desirable to capitalize any part of the amount for the time being standing to the credit of any of the Company’s reserve accounts or to the credit of the profit and loss account or otherwise available for distribution provided that such sum be not required for paying the dividends on any shares carrying a fixed cumulative preferential dividend and accordingly that such sum be set free for distribution amongst the members who would have been entitled thereto if distributed by way of dividend and in the same proportions on condition that the same be not paid in cash but be applied either in or towards paying up any amounts for the time being unpaid on any shares by such members respectively or paying up in full unissued shares or debentures of the Company to be allotted and distributed credited as fully paid up to and amongst such members in the proportion aforesaid, or partly in the one way and partly in the other, and the directors shall give effect to such resolution. A share premium account and a capital redemption reserve may, for the purposes of this Article, be applied only in the paying up of unissued shares to be issued to members of the Company as fully paid bonus shares.

The Company in general meeting may upon the recommendation of the directors resolve that it is desirable to capitalize any part of the amount for the time being standing to the credit of any of the Company’s reserve accounts or to the credit of the profit and loss account or otherwise available for distribution provided that such sum be not required for paying the dividends on any shares carrying a fixed cumulative preferential dividend and accordingly that such sum be set free for distribution amongst the members who would have been entitled thereto if distributed by way of dividend and in the same proportions on condition that the same be not paid in cash but be applied either in or towards paying up any amounts for the time being unpaid on any shares by such members respectively or paying up in full unissued shares or debentures of the Company to be allotted and distributed credited as fully paid up to and amongst such members in the proportion aforesaid, or partly in the one way and partly in the other, and the directors shall give effect to such resolution. The Company’s share premium account, revaluation reserve and/or capital reserve accounts (if any) may be applied in such manner as may be permitted by the Act.

  

This announcement is dated 14 March 2014.



IREKA - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameIREKA CORPORATION BERHAD  
Stock Name IREKA  
Date Announced14 Mar 2014  
CategoryGeneral Announcement
Reference NoMI-140314-63636

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionIREKA CORPORATION BERHAD (“IREKA” OR THE “COMPANY”)

I. PROPOSED TWO-CALL RIGHTS ISSUE; AND
II. PROPOSED AMENDMENT

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the previous announcements in relation to the Proposals. 

We refer to the previous announcements in relation to the Proposals. 

On behalf of the Board of Directors of Ireka, RHB Investment Bank wishes to announce that the application in relation to the Proposals has been submitted to Bursa Malaysia Securities Berhad on 14 March 2014. 

 

This announcement is dated 14 March 2014.



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

Announcement Type: General Announcement
Company NamePRESS METAL BERHAD  
Stock Name PMETAL  
Date Announced14 Mar 2014  
CategoryGeneral Announcement
Reference NoCC-140314-29DF2

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has notified on the change of his interests in the securities of the Company as set out in the table below:

Ordinary shares:

Name of Director

Date of Disposal

Nature of Interest

Number of Ordinary Shares of RM0.50 each disposed

Percentage of issued Shares disposed (%)

Dato' (Dr.) Megat Abdul Rahman Bin Megat Ahmad

11.03.2014

Direct

48,000

0.009

Dato' (Dr.) Megat Abdul Rahman Bin Megat Ahmad

12.03.2014

Direct

83,000

0.016

Dato' (Dr.) Megat Abdul Rahman Bin Megat Ahmad

13.03.2014

Direct

61,000

0.012

Dato' (Dr.) Megat Abdul Rahman Bin Megat Ahmad

11.03.2014

Indirect

15,000

0.003


This announcement is dated 14 March 2014.


PMETAL - Changes in Director's Interest (S135) - Dato' (Dr.) Megat Abdul Rahman Bin Megat Ahmad

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePRESS METAL BERHAD  
Stock Name PMETAL  
Date Announced14 Mar 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140314-29DE6

Information Compiled By KLSE

Particulars of Director

NameDato' (Dr.) Megat Abdul Rahman Bin Megat Ahmad
Address575, Jalan 17/15, 46400 Petaling Jaya, Selangor Darul Ehsan, Malaysia
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)
Disposed
11/03/2014
48,000
2.290 
Disposed
12/03/2014
83,000
2.280 
Disposed
13/03/2014
61,000
2.280 
Disposed
11/03/2014
15,000
2.290 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect and Indirect
Consideration (if any) 

Total no of securities after change

Direct (units)12,276,992 
Direct (%)2.38 
Indirect/deemed interest (units)767,000 
Indirect/deemed interest (%)0.15 
Date of notice14/03/2014

Remarks :
The indirect interest in 767,000 shares of RM0.50 each are held as follows:-

i) 225,000 ordinary shares of RM0.50 each are registered in the name of his spouse, Datin Johariah Binti Abdullah Khalid.
ii) 542,000 ordinary shares of RM0.50 each are registered in the name of JOEM Sendirian Berhad.


EG - 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 NameEG INDUSTRIES BERHAD  
Stock Name EG  
Date Announced14 Mar 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoEI-140314-62511

Date of buy back from06/03/2014
Date of buy back to06/03/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)5,000
Minimum price paid for each share purchased ($$)0.410
Maximum price paid for each share purchased ($$)0.410
Total amount paid for shares purchased ($$)2,093.62
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)106,000
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies13/03/2014
Lodged by SYMPHONY CORPORATEHOUSE SDN BHD


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