MYETFDJ - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 |
| Stock Name | MYETFDJ |
| Date Announced | 10 Mar 2014 |
| Category | General Announcement |
| Reference No | MD-140310-66468 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 10-03-2014 Fund: MYETFDJ NAV per unit (RM): 1.1467 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: 1,026.31 |
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CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | CIMB FTSE ASEAN 40 MALAYSIA |
| Stock Name | CIMBA40 |
| Date Announced | 10 Mar 2014 |
| Category | General Announcement |
| Reference No | OB-140310-67878 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: CIMB FTSE ASEAN 40 Malaysia Date: 10-Mar-2014 NAV per unit (RM): 1.6773 Units in circulation (units): 1,350,000.00 Management Fee (% p.a.): 0.00 Trustee Fee (% p.a.): 0.08 Index Licence Fee (% p.a.): 0.00 FTSE/ASEAN 40 Index: 10,531.17 |
CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | CIMB FTSE CHINA 25 |
| Stock Name | CIMBC25 |
| Date Announced | 10 Mar 2014 |
| Category | General Announcement |
| Reference No | OB-140310-67771 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: CIMB FTSE China 25 Date: 10-Mar-2014 NAV per unit (RM): 0.9207 Units in circulation (units): 9,750,000.00 Management Fee (% p.a.): 0.60 Trustee Fee (% p.a.): 0.08 Index Licence Fee (% p.a.): 0.04 FTSE/Xinhua China 25 Index: 15,291.98 |
MUDAJYA - Changes in Sub. S-hldr's Int. (29B) - Ng Ying Loong
| Company Name | MUDAJAYA GROUP BERHAD |
| Stock Name | MUDAJYA |
| Date Announced | 10 Mar 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | MG-140310-9B0B5 |
Particulars of substantial Securities Holder
| Name | Ng Ying Loong |
| Address | No. 5, Jalan 16/12 46350 Petaling Jaya Selangor Darul Ehsan |
| NRIC/Passport No/Company No. | 540729-07-5371 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.20 each ("OS") |
| Name & address of registered holder | Ng Ying Loong Maybank Investment Bank Berhad Level 8, Tower C, Dataran Maybank 1 Jalan Maarof, 59000 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Remarks : |
| The total 135,378,566 OS held are as follows:- 1) 156,100 OS are registered in the name of Cimsec Nominees (Tempatan) Sdn. Bhd. for Ng Ying Loong; 2) 1,691,900 OS are registered in the name of Ng Ying Loong [Maybank Investment Bank Berhad]; 3) 133,413,333 OS are registered in the name of CIMB Group Nominees (Tempatan) Sdn. Bhd. for Dataran Sentral (M) Sdn. Bhd.; and 4) 273,333 OS are registered in the name of Winners Spectrum Investment Holdings Sdn. Bhd. |
AFFIN - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 10 Mar 2014 |
| Category | General Announcement |
| Reference No | MI-140310-BDBC2 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | AFFIN HOLDINGS BERHAD (“AFFIN”) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN AFFIN TO RAISE GROSS PROCEEDS OF UP TO RM1,250 MILLION (“PROPOSED RIGHTS ISSUE”) |
Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcement dated 22 January 2014. We refer to our announcement dated 22 January 2014 on the Proposed Acquisition and Proposed Merger. In conjunction with the Proposed Acquisition and Proposed Merger, on behalf of the Board of AFFIN, AFFIN Investment Bank Berhad wishes to announce that AFFIN proposes to undertake the Proposed Rights Issue. Please refer to the attachment for further details on the Proposed Rights Issue. This announcement is dated 10 March 2014.
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GAMUDA - OTHERS GAMUDA BERHAD (“GAMUDA” OR “THE COMPANY”) CONSOLIDATION OF THE SELANGOR WATER INDUSTRY – INDICATIVE TERMS AND CONDITIONS FOR PROPOSED PURCHASE OF 100% EQUITY IN SYARIKAT PENGELUAR AIR SELANGOR HOLDINGS BERHAD (“SPLASH”) FROM KUMPULAN DARUL EHSAN BERHAD (“KDEB”)
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 10 Mar 2014 |
| Category | General Announcement |
| Reference No | GG-140310-64937 |
| Type | Announcement |
| Subject | OTHERS |
| Description | GAMUDA BERHAD (“GAMUDA” OR “THE COMPANY”) CONSOLIDATION OF THE SELANGOR WATER INDUSTRY – INDICATIVE TERMS AND CONDITIONS FOR PROPOSED PURCHASE OF 100% EQUITY IN SYARIKAT PENGELUAR AIR SELANGOR HOLDINGS BERHAD (“SPLASH”) FROM KUMPULAN DARUL EHSAN BERHAD (“KDEB”) |
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 27 February 2014 in relation to the above. We refer to the offer dated 26 February 2014 from KDEB to the shareholders of SPLASH offering to purchase 100% of the equity of SPLASH for the sum of RM250.6 million. 1. Net Offer Lower Than Net Asset Value Responding to the offer, the Company has on 10 March 2014 informed KDEB that while it appreciates the Menteri Besar’s best efforts to consolidate the Selangor water industry, it is constrained from accepting the said offer due to the adverse consequences on the Company. The net offer of RM250.6 million for SPLASH when compared to the net asset value (“NAV”) of SPLASH amounting to RM2.54 billion (“bn”) as at 31 December 2013 will result in a huge divestment loss of RM920 million to the Company. The offer of RM250.6 million is below 10% of SPLASH’s NAV. The offer is therefore not reasonable for acceptance by the Company. 2. Gamuda had accepted earlier offers by KDEB The Company informed KDEB that it is however, amenable to accepting an offer by KDEB to acquire the equity of SPLASH upon mutually agreed terms on a ‘willing buyer-willing seller’ basis, based on the following conditions which were already included in KDEB’s earlier offers and accepted by the Company: i) Payment of SPLASH’s NAV (as agreed by KDEB in its letter of offer dated 20 February 2013 page 6 item 2 (vi) and the State’s offer dated 15 July 2009 page 2 item 6). ii) The retention of the operations and maintenance operators of SPLASH (Gamuda Water Sdn Bhd and Sungei Harmoni Sdn Bhd) at existing terms (as agreed by the State in its letter of offer dated 15 July 2009 page 2 item 4 ). 3. Current State’s Offer Is Vastly Lower From Earlier Offers Which We Have Accepted The consideration for the two previous offers of July 2009 and February 2013 were close to the NAV of SPLASH and the Company had accepted those offers. Anything less than that will result in losses on divestment to Gamuda. The Company explained to KDEB that its Board of Directors could not justify to its shareholders which include governmental institutions holding public monies such as the Employees Provident Fund Board (“EPF”), Kumpulan Wang Persaraan (DiPerbadankan) (“KWAP”), Skim Amanah Saham Bumiputera and other pension funds, foreign investors and the general public the acceptance of such a huge loss. 4. Forgoing The Entire Future Earnings of SPLASH The Company had accepted the previous offers despite forgoing the entire future earnings of the next 16 years in order to help bring the current water impasse to a close. The Company in its reply to KDEB highlighted to KDEB that in no other industry, or preceding cases in Malaysian history, has any concessionaire been willing to give up 16 years of remaining life of concession profits without fair compensation. The Company also brought to KDEB’s attention that in the past experience of Malaysian toll roads and Independent Power Producers (“IPPs”), these concessions have been taken over or compensated in accordance to their Discounted Cash Flow (“DCF”) valuations. 5. KDEB’s Equity Return Formula As A Basis of Valuation Is An Inappropriate Method Gamuda informed KDEB that what is currently offered is a 12% return on equity. By this, concession companies which have a shorter remaining life are valued higher. On the other hand, companies with a longer remaining years are valued lower such as SPLASH with 16 years remaining, is offered only RM0.251 bn. A fixed return on equity as imposed by KDEB is not an appropriate formula to value concessions. By a fixed return, companies which have made huge losses, incurred large debts, or has been grossly inefficient, would still benefit significantly from the fixed return of 12% on equity, irrespective of performance. Conversely, companies which are profitable and have been prudent and efficient are punished. 6. Amenable to Arbitration The current offer for arbitration by KDEB is confined to arbitrating only on the quantum of the equity return based on the formula imposed by KDEB which the Company has consistently rejected. The Company informed KDEB that it will readily submit to arbitration if it were used as a device to genuinely resolve the valuation dispute. As such, the valuation should be left to the Arbitration Panel to decide based on internationally accepted methodologies. This announcement is dated 10 March 2014. | |
PETGAS - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 10 Mar 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PG-140310-AF195 |
Particulars of substantial Securities Holder
| Name | EMPLOYEES PROVIDENT FUND BOARD |
| Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Share of RM1.00/share |
| Name & address of registered holder | CITIGROUP NOMINEES (TEMPATAN) SDN BHD Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 05/03/2014 | 95,100 | |
| Acquired | 05/03/2014 | 129,700 | |
| Acquired | 05/03/2014 | 50,000 |
| Remarks : |
| The direct interest of 269,417,900 shares comprising: a) 254,374,000 shares held by Citigroup Nominees Tempatan) Sdn. Bhd; b) 1,497,600 shares held EPF Board; c) 384,500 shares held by Employees Provident Fund Board (AMUNDI) d) 253,500 shares held by Employees Provident Fund Board (KIB); e) 856,500 shares held by Employees Provident Fund Board (HDBS); f) 330,000 shares held by Employees Provident Fund Board (RHB INV); g) 532,100 shares held by Employees Provident Fund Board (AM INV); h) 6,381,400 shares held by Employees Provident Fund Board (NOMURA); i) 4,383,300 shares held by Employees Provident Fund Board (CIMB PRI); j) 425,000 shares held by Employees Provident Fund Board (ARIM); Received Form 29B on 10 March 2014 |
PETGAS - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 10 Mar 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PG-140310-BDE06 |
Particulars of substantial Securities Holder
| Name | KUMPULAN WANG PERSARAAN (DIPERBADANKAN) |
| Address | Aras 4, 5 & 6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | KWAPACT6622007 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Share of RM1.00/share |
| Name & address of registered holder | Kumpulan 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 transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 03/03/2014 | 13,800 |
| Remarks : |
| Received Form 29B on 10 March 2014 |
AEON - Changes in Sub. S-hldr's Int. (29B) - Aberdeen International Fund Managers Limited
| Company Name | AEON CO. (M) BHD |
| Stock Name | AEON |
| Date Announced | 10 Mar 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140310-2BDF0 |
Particulars of substantial Securities Holder
| Name | Aberdeen International Fund Managers Limited |
| Address | Rm 2605-06 26/F Alexandra House 18 Chater Road Central, Hong Kong |
| NRIC/Passport No/Company No. | 145551 |
| Nationality/Country of incorporation | Hong Kong |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | BNP Paribas Securities Services |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 05/03/2014 | 27,000 |
| Remarks : |
| The above disclosure includes holding of mandates delegated from other subsidiaries of Aberdeen Asset Management PLC. The Form 29B was received by the Company on 10 March 2014. |
AEON - Changes in Sub. S-hldr's Int. (29B) - Aberdeen International Fund Managers Limited
| Company Name | AEON CO. (M) BHD |
| Stock Name | AEON |
| Date Announced | 10 Mar 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140310-29F77 |
Particulars of substantial Securities Holder
| Name | Aberdeen International Fund Managers Limited |
| Address | Rm 2605-06 26/F Alexandra House 18 Chater Road Central, Hong Kong |
| NRIC/Passport No/Company No. | 145551 |
| Nationality/Country of incorporation | Hong Kong |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | BNP Paribas Securities Services |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 04/03/2014 | 42,200 |
| Remarks : |
| The above disclosure includes holding of mandates delegated from other subsidiaries of Aberdeen Asset Management PLC. The Form 29B was received by the Company on 10 March 2014. |
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