March 25, 2014

Company announcements: LIONDIV, BJLAND, KIMHIN, ADVENTA, MILUX, FITTERS

LIONDIV - Changes in Sub. S-hldr's Int. (29B) - Dynamic Horizon Holdings Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLION DIVERSIFIED HOLDINGS BERHAD  
Stock Name LIONDIV  
Date Announced25 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLD-140324-55920

Particulars of substantial Securities Holder

NameDynamic Horizon Holdings Limited
AddressP.O. Box 957
Offshore Incorporations Centre
Road Town, Tortola
British Virgin Islands
NRIC/Passport No/Company No.1742985
Nationality/Country of incorporationBritish Virgin Islands
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each ("Shares")
Name & address of registered holderOwn

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired20/03/2014
5,500,000
 
Acquired21/03/2014
500,000
 

Circumstances by reason of which change has occurredDynamic Horizon Holdings Limited had pursuant to a sale and purchase agreement dated 20 March 2014 acquired 6,000,000 Shares of Lion Diversified Holdings Berhad.
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change363,400,000
Date of notice25/03/2014


LIONDIV - Changes in Sub. S-hldr's Int. (29B) - Narajaya Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLION DIVERSIFIED HOLDINGS BERHAD  
Stock Name LIONDIV  
Date Announced25 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLD-140324-56881

Particulars of substantial Securities Holder

NameNarajaya Sdn Bhd
AddressLevel 14, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur
NRIC/Passport No/Company No.100905-A
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each ("Shares")
Name & address of registered holderOwn

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed20/03/2014
5,500,000
 
Disposed21/03/2014
500,000
 

Circumstances by reason of which change has occurredNarajaya Sdn Bhd had pursuant to a sale and purchase agreement dated 20 March 2014 disposed of 6,000,000 Shares of Lion Diversified Holdings Berhad.
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change83,997,801
Date of notice25/03/2014


LIONDIV - Changes in Sub. S-hldr's Int. (29B) - Lion Development (Penang) Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLION DIVERSIFIED HOLDINGS BERHAD  
Stock Name LIONDIV  
Date Announced25 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLD-140324-56269

Particulars of substantial Securities Holder

NameLion Development (Penang) Sdn Bhd
AddressLevel 14, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur
NRIC/Passport No/Company No.64617-A
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each ("Shares")
Name & address of registered holderNarajaya Sdn Bhd ("Narajaya")
Level 14, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed20/03/2014
5,500,000
 
Disposed21/03/2014
500,000
 

Circumstances by reason of which change has occurredBy virtue of Section 6A(4)(c). Narajaya, a company wherein Lion Development (Penang) Sdn Bhd has a substantial interest, had pursuant to a sale and purchase agreement dated 20 March 2014 disposed of 6,000,000 Shares of Lion Diversified Holdings Berhad.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change85,059,690
Date of notice25/03/2014


LIONDIV - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Cheng Yong Kim

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLION DIVERSIFIED HOLDINGS BERHAD  
Stock Name LIONDIV  
Date Announced25 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLD-140324-55105

Particulars of substantial Securities Holder

NameTan Sri Cheng Yong Kim
Address1103 Apartment Desa Kudalari
Lorong Kuda
Jalan Tun Razak
50450 Kuala Lumpur
NRIC/Passport No/Company No.500202-66-5029
Nationality/Country of incorporationPermanent Resident in Malaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each ("Shares")
Name & address of registered holderDynamic Horizon Holdings Limited
("Dynamic Horizon")
Level 14, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired20/03/2014
5,500,000
 
Acquired21/03/2014
500,000
 

Circumstances by reason of which change has occurredBy virtue of Section 6A(4)(c). Dynamic Horizon, a company wherein Tan Sri Cheng Yong Kim has a substantial interest, had pursuant to a sale and purchase agreement dated 20 March 2014 acquired 6,000,000 Shares of Lion Diversified Holdings Berhad.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change373,241,337
Date of notice25/03/2014


LIONDIV - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Cheng Heng Jem

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLION DIVERSIFIED HOLDINGS BERHAD  
Stock Name LIONDIV  
Date Announced25 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLD-140324-54204

Particulars of substantial Securities Holder

NameTan Sri Cheng Heng Jem
AddressA-16-1, Blok A, Satu Residensi
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur
NRIC/Passport No/Company No.430319-71-5033
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each ("Shares")
Name & address of registered holderNarajaya Sdn Bhd ("Narajaya")
Level 14, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed20/03/2014
5,500,000
 
Disposed21/03/2014
500,000
 

Circumstances by reason of which change has occurredBy virtue of Section 6A(4)(c). Narajaya, a company wherein Tan Sri Cheng Heng Jem has a substantial interest, had pursuant to a sale and purchase agreement dated 20 March 2014 disposed of 6,000,000 Shares of Lion Diversified Holdings Berhad.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change694,969,139
Date of notice25/03/2014


BJLAND - Quarterly rpt on consolidated results for the financial period ended 31/1/2014

Announcement Type: Financial Results
Company NameBERJAYA LAND BERHAD  
Stock Name BJLAND  
Date Announced25 Mar 2014  
CategoryFinancial Results
Reference NoBB-140325-40054

Financial Year End30/04/2014
Quarter3
Quarterly report for the financial period ended31/01/2014
The figureshave not been audited

Attachments

BLB Q3 FY2014.pdf
110 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/01/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/01/2014
31/01/2013
31/01/2014
31/01/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
1,387,271
1,032,194
3,454,921
3,112,827
2Profit/(loss) before tax
75,434
82,810
408,557
348,239
3Profit/(loss) for the period
19,143
29,797
248,862
201,584
4Profit/(loss) attributable to ordinary equity holders of the parent
-19,720
-17,292
95,436
16,416
5Basic earnings/(loss) per share (Subunit)
-0.40
-0.35
1.92
0.33
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 ($$)
1.0700
1.0400
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


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

Announcement Type: General Announcement
Company NameKIM HIN INDUSTRY BERHAD  
Stock Name KIMHIN  
Date Announced25 Mar 2014  
CategoryGeneral Announcement
Reference NoMI-140325-66163

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPROPOSED ACQUISITION AND PROPOSED LAND DEAL
(Unless otherwise stated, the exchange rates of Australian Dollar (“AUD”) 1.00: RM3.00, being the middle rate as of 12 p.m. of the exchange rates published by Bank Negara Malaysia on 24 March 2014, being the market day prior to the execution of the Share Sale Agreement, have been used throughout this announcement)
On behalf of the Board of Directors of Kim Hin Industry Berhad (“KHIB” or “Company”), Kenanga Investment Bank Berhad wishes to announce that that KHIB and its subsidiaries had on 25 March 2014 entered into the following agreements:-
  1. A conditional Share Sale Agreement (“SSA”) involving Tileworld Sdn Bhd (“Tileworld”) (as the purchaser), a wholly owned subsidiary of KHIB, and KHIB (as the purchaser guarantor) with Norcros Industry (International) Limited (“NIIL”) (as the vendor), a wholly owned subsidiary of Norcros plc (“Norcros”), and Norcros (as the vendor guarantor) to acquire the entire issued and paid-up share capital of Norcros Industry Pty Ltd (“NIPL”) for a cash consideration of AUD2.30 million (equivalent to RM6.90 million) and as adjusted in accordance with the terms of the SSA (“Proposed Acquisition”); and
  2. An agency agreement between Tileworld (as an agent), IDA Asset Management Pty Ltd (“IAMPL”) (as the principal) and Speedpanel (Vic.) Pty Ltd (“SPL”) (as the Lessor) for Tileworld to acquire, on behalf of IAMPL, a freehold parcel of land together with building located at 421 Dorset Road, Bayswater, Victoria, 3153 Australia (“JTPL Land”) currently registered under the ownership of Johnson Tiles Pty Ltd (“JTPL”), a wholly owned subsidiary of NIPL, and for Tileworld to sub-lease part of the property from SPL (“Agency Agreement”);
  3. Pursuant to the Agency Agreement, Tileworld had on even date entered into a Contract of Sale of Real Estate with JTPL to acquire the JTPL Land on behalf of IAMPL for a cash consideration of AUD5.25 million (equivalent to RM15.75 million) (“COS”); and
  4. Pursuant to the Agency Agreement, Tileworld had on even date entered into a Deed of Guarantee and Indemnity with IDA Property Group Pty Ltd (“IDA”) whereby IDA guarantees the obligations of IAMPL under the Agency Agreement and indemnify Tileworld as agent for IAMPL. (“Deed of Guarantee and Indemnity”)
    (the Agency Agreement, the COS and the Deed of Guarantee and Indemnity are collectively referred to as the “Proposed Land Deal”)

    (the Proposed Acquisition and Proposed Land Deal are collectively referred to as the “Proposals”).

    Kindly refer to the attachment for further details on the Proposals.

    This announcement is dated 25 March 2014.

    Attachments

    KIMHIN- Proposals.pdf
    309 KB



    ADVENTA - Quarterly rpt on consolidated results for the financial period ended 31/1/2014

    Announcement Type: Financial Results
    Company NameADVENTA BERHAD  
    Stock Name ADVENTA  
    Date Announced25 Mar 2014  
    CategoryFinancial Results
    Reference NoCS-140325-59237

    Financial Year End31/10/2014
    Quarter1
    Quarterly report for the financial period ended31/01/2014
    The figureshave not been audited

    Attachments

    Adventa 2014 Q1.pdf
    278 KB

    • Default Currency
    • Other Currency

    Currency: Malaysian Ringgit (MYR)

    SUMMARY OF KEY FINANCIAL INFORMATION
    31/01/2014

     
    INDIVIDUAL PERIOD
    CUMULATIVE PERIOD
    CURRENT YEAR QUARTER
    PRECEDING YEAR
    CORRESPONDING
    QUARTER
    CURRENT YEAR TO DATE
    PRECEDING YEAR
    CORRESPONDING
    PERIOD
    31/01/2014
    31/01/2013
    31/01/2014
    31/01/2013
    $$'000
    $$'000
    $$'000
    $$'000
    1Revenue
    7,105
    3,553
    7,105
    3,553
    2Profit/(loss) before tax
    1,868
    196,358
    1,868
    196,358
    3Profit/(loss) for the period
    1,403
    197,694
    1,403
    197,694
    4Profit/(loss) attributable to ordinary equity holders of the parent
    1,403
    197,694
    1,403
    197,694
    5Basic earnings/(loss) per share (Subunit)
    0.92
    129.39
    0.92
    129.39
    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 ($$)
    0.4900
    0.4800
    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


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

    Announcement Type: General Announcement
    Company NameMILUX CORPORATION BERHAD  
    Stock Name MILUX  
    Date Announced25 Mar 2014  
    CategoryGeneral Announcement
    Reference NoOS-140325-96353

    TypeAnnouncement
    SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
    FUND RAISING
    DescriptionMILUX CORPORATION BERHAD (“MILUX” OR “COMPANY”)

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

    (COLLECTIVELY, THE “PROPOSALS”)

     

     

    On behalf of the Board of Directors (“Board”) of the Company, M&A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake the following corporate exercises:-

     

     

     

    (i) Proposed share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in Milux (“Existing Shares”) into two (2) ordinary shares of RM0.50 each (“Milux Shares” or “Subdivided Shares” (“Proposed Share Split”);

     

    (ii) Proposed amendment to the Company’s Memorandum of Association to facilitate the implementation of the Proposed Share Split (“Proposed Amendment”);

     

    (iii) Proposed renounceable rights issue of up to 87,058,070 Milux Shares (“Rights Shares”) together with 87,058,070 free detachable warrants issued with the Rights Shares (“Warrants”) at an indicative issue price of RM0.50 per Rights Share on the basis of four (4) Rights Shares for every five (5) Milux Shares together with one (1) Warrant for every Rights Share subscribed after the Proposed Share Split (“Proposed Rights Issue with Warrants”); and

     

    (iv) Proposed diversification of the business of Milux into the iron ore business (“Proposed Diversification”).

     

    Please refer to the attachment on further details of the Proposals.

    This announcement is dated 25 March 2014.

     

     

     


    FITTERS - MEMORANDUM OF UNDERSTANDING

    Announcement Type: General Announcement
    Company NameFITTERS DIVERSIFIED BERHAD  
    Stock Name FITTERS  
    Date Announced25 Mar 2014  
    CategoryGeneral Announcement
    Reference NoCC-140324-60902

    TypeAnnouncement
    SubjectMEMORANDUM OF UNDERSTANDING
    DescriptionMEMORANDUM OF UNDERSTANDING ENTERED INTO BETWEEN MOLECOR (SEA) SDN. BHD., A SUBSIDIARY OF FITTERS DIVERSIFIED BERHAD AND AVK VALVES MANUFACTURING MALAYSIA SDN. BHD.
    The Board of Directors of FITTERS Diversified Berhad (“FITTERS” or “the Company”) wishes to announce that Molecor (SEA) Sdn. Bhd. (“MSSB”) (Formerly known as FITTERS Industries Sdn. Bhd.) (Company No. 420497-A), a subsidiary of the Company had on 25 March 2014 entered into a Memorandum of Understanding with AVK Valves Manufacturing Malaysia Sdn. Bhd. (“AVK”) (Company No. 446267-K) (“MOU”).
    Please refer to the attachment for the full announcement on the MOU.

    This annoncement is dated 25 March 2014.


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