March 21, 2014

Company announcements: OCTAGON, CENTURY, DEGEM, DIALOG, BHIC, MAHSING, SPSETIA, PRLEXUS, FRB

OCTAGON - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN

Announcement Type: General Announcement
Company NameOCTAGON CONSOLIDATED BERHAD  
Stock Name OCTAGON  
Date Announced21 Mar 2014  
CategoryGeneral Announcement
Reference NoOS-140321-65643

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
DescriptionOCTAGON CONSOLIDATED BERHAD (“OCTAGON” OR THE “COMPANY”)
EXTENSION OF TIME TO SUBMIT THE REGULARISATION PLAN

We refer to the announcement dated 12 February 2014 wherein M&A Securities Sdn Bhd on behalf of the Board of Directors of Octagon, had announce that an application has been submitted to Bursa Malaysia Securities Berhad (“Bursa Securities”) on even date for further extension of time to submit the regularisation plan to the regulatory authorities.

 

After due consideration of all facts and circumstances of the matter including the written representations of Octagon and the following developments:

 

(i) Octagon, and its subsidiary, Advanced Pyrotech Sdn Bhd, which was under the management of Receiver and Manager appointed by Kuwait Finance House (Malaysia) Berhad had on 17 February 2014 entered into a Supplemental Debt Settlement Agreement with the financial institutional creditors;

 

(ii) the execution of the Restated Joint Development Agreement and Restated Operating Agreement between Octagon, Malaco Mining and Malaco Leichhardt on 3 March 2014; and

 

(iii) the Company’s representations on the modifications to financial forecast and projection, the required further independent technical review and confirmation to consider larger production capacity and the potential changes to the fund raising scheme under the Proposed Regularisation Plan,

 

Bursa Securities decided to allow Octagon’s further appeal and granted a further extension of time until 28 April 2014 as requested by the Company to submit the regularisation plan to the relevant authorities for approval (“the Further Extended Timeframe”).

 

Bursa Securities further decided to de-list the securities of Octagon from the Official List of Bursa Securities pursuant to paragraph 8.04(5) of the Main LR in the event:

 

(i) the Company fails to submit the regularisation plan to the relevant authorities for approval within the Further Extended Timeframe, i.e. on or before 28 April 2014;

 

(ii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;

 

(iii) the Company does not succeed in its appeal; or

 

(iv) the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

 

Upon occurrence of any of the events set out in (i) to (iv) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of 2 market days from the date the Company is notified by Bursa Securities or such other date as may be specified by Bursa Securities.

 

This announcement is dated 21 March 2014.

 



CENTURY - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY  
Date Announced21 Mar 2014  
CategoryGeneral Announcement
Reference NoCS-140321-51100

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionCENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR " THE COMPANY")
- CLAIM MADE BY SCA HYGIENE MALAYSIA SDN. BHD. (“SCA”) AGAINST CENTURY TOTAL LOGISTICS SDN. BHD.(“CTL”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

Reference is made to the announcement dated 26 February 2014.

Century wishes to announce the update pertaining to the above-captioned claim.

The High Court has given the following directions during the Case Management on 20 March 2014:

a) CTL’s Defence is to be filed on or before 28 March 2014;

b) SCA’s Reply to Defence is to be filed on or before 11 April 2014;

c) CTL’s application to strike out SCA’s claim to be filed on or before 25 April 2014;

d) bundle of documents, statement of issues to be tried and statement of agreed facts to be filed on 16 May 2014;

e) witness statements to be filed before 10 June 2014; and

f) trial is fixed on 17 June 2014 to 19 June 2014.

The next case management for this matter will be on 16 May 2014.

This announcement is dated 21 March 2014.



DEGEM - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameDEGEM BERHAD  
Stock Name DEGEM  
Date Announced21 Mar 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCS-140321-58A27

Date of buy back21/03/2014
Description of shares purchasedOrdinary Shares @ RM0.50 Each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)446,000
Minimum price paid for each share purchased ($$)1.050
Maximum price paid for each share purchased ($$)1.050
Total consideration paid ($$)470,045.39
Number of shares purchased retained in treasury (units)446,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)3,069,700
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)2.29


DIALOG - 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 NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced21 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-140321-3D530

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
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)
Disposed18/03/2014
2,548,500
 
Acquired18/03/2014
100,000
 

Circumstances by reason of which change has occurredPurchase and Disposal of shares.
Nature of interestDirect
Direct (units)314,831,035 
Direct (%)12.95 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change314,831,035
Date of notice21/03/2014

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 1,613,500 shares) - 249,361,294 shares
Employees Provident Fund Board - 1,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 1,815,054 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 6,263,800 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 12,288,467 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 13,165,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) (Disposed 935,000 shares) - 19,487,820 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - (Acquired 100,000 shares) -2,050,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - 1,150,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AMUNDI) - 6,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (RHB INV) - 1,249,600 shares

Total No. of shares - 314,831,035 shares


BHIC - OTHERS BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "THE COMPANY") - CONTRACT BETWEEN BHIC AEROSERVICES SDN BHD AND THE MINISTRY OF DEFENCE MALAYSIA

Announcement Type: General Announcement
Company NameBOUSTEAD HEAVY INDUSTRIES CORPORATION BHD  
Stock Name BHIC  
Date Announced21 Mar 2014  
CategoryGeneral Announcement
Reference NoBH-140321-55319

TypeAnnouncement
SubjectOTHERS
DescriptionBOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "THE COMPANY")
- CONTRACT BETWEEN BHIC AEROSERVICES SDN BHD AND THE MINISTRY OF DEFENCE MALAYSIA

The Company wishes to inform that its subsidiary, BHIC AeroServices Sdn Bhd ("BHICAS") has received a letter dated 20 March 2014 from the Secretary General to the Ministry of Defence Malaysia awarding BHICAS an In-Service Support contract for the maintenance and supply of spare parts for the Royal Malaysian Air Force EC725 Helicopters ("the Contract") at a contract value of Ringgit Malaysia Two Hundred and Twenty Million (RM220,000,000.00) for a period of 3 years from the date of BHICAS' acceptance of the award. A formal contract between the Ministry of Defence Malaysia and BHICAS will be signed at a later date.

BHICAS is a joint venture between BHIC Defence Technologies Sdn Bhd, a wholly-owned subsidiary of the Company and Prestige Pillar Sdn Bhd and Eurocopter Malaysia Sdn Bhd.

The Contract will have no material effect on the earnings of the BHIC Group for the financial year ending 31 December 2014, but will contribute positively to its future earnings.

None of the directors or substantial shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the Contract.

This announcement is dated 21 March 2014.



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

Announcement Type: General Announcement
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced21 Mar 2014  
CategoryGeneral Announcement
Reference NoMS-140321-0A22A

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 of Bursa Malaysia Securities Berhad, the following director and principal officers have given their notices of dealings in the securities of Mah Sing Group Berhad as detailed hereunder:

Name

Description of Securities

Date of Transaction

Type of Transaction

Price per Share/

Warrant

No. of Shares/

Warrants

% of Issued Share Capital/ % of Outstanding Warrants

Dato’ Lim Kiu Hock(Director)

Ordinary shares of RM0.50 each

19.03.2014

Exercise of ESOS options

RM1.24

496,100

0.035

Teh Heng Chong

(Principal Officer)

Ordinary shares of RM0.50 each

19.03.2014

Exercise of ESOS options

RM1.24

450,000

0.032

Lim Bee Hock

(Principal Officer)

Ordinary shares of RM0.50 each

18.03.2014

18.03.2014

Disposal

Transfer

RM2.16

-

100,000

466,440

0.007

0.033

Warrants

18.03.2014

Transfer

-

100,824

0.069

This announcement is dated 21 March 2014.



MAHSING - Changes in Director's Interest (S135) - Dato' Lim Kiu Hock

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced21 Mar 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoMS-140321-0BDD8

Information Compiled By KLSE

Particulars of Director

NameDato' Lim Kiu Hock
AddressPenthouse Suite 1, Wisma Mah Sing, No. 163, Jalan Sungai Besi, 57100 Kuala Lumpur
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
19/03/2014
496,100
 

Circumstances by reason of which change has occurredExercise of options under Employees' Share Option Scheme
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)796,100 
Direct (%)0.056 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice21/03/2014


SPSETIA - OTHERS EXERCISE OF PUT OPTION BY TAN SRI DATO' SRI LIEW KEE SIN TO PERMODALAN NASIONAL BERHAD

Announcement Type: General Announcement
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced21 Mar 2014  
CategoryGeneral Announcement
Reference NoSP-140321-61543

TypeAnnouncement
SubjectOTHERS
DescriptionEXERCISE OF PUT OPTION BY TAN SRI DATO' SRI LIEW KEE SIN TO PERMODALAN NASIONAL BERHAD

S P Setia wishes to announce that the Company has received notice from Tan Sri Dato’ Sri Liew Kee Sin, the President and Chief Executive Officer of the Company, of his exercise of three seventh of the S P Setia Shares under the put option in the Management Agreement dated 20 January 2012, requiring Permodalan Nasional Berhad to purchase from him 67,798,183 S P Setia shares.

The current direct and indirect shareholdings of Tan Sri Dato’ Sri Liew Kee Sin in S P Setia as at 21 March 2014 is set out in Table A below.

Table A

Name of Director

No. of ordinary shares of RM0.75 each held

Direct

%

Indirect

%

Tan Sri Dato’ Sri Liew Kee Sin

67,798,183

2.76

-

-

This announcement is dated 21 March 2014.



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

Announcement Type: Financial Results
Company NamePROLEXUS BERHAD  
Stock Name PRLEXUS  
Date Announced21 Mar 2014  
CategoryFinancial Results
Reference NoCC-140320-54603

Financial Year End31/07/2014
Quarter2
Quarterly report for the financial period ended31/01/2014
The figureshave not been audited
  • 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
84,491
64,046
151,051
113,346
2Profit/(loss) before tax
10,172
5,766
14,017
9,911
3Profit/(loss) for the period
7,390
5,439
10,617
9,449
4Profit/(loss) attributable to ordinary equity holders of the parent
6,720
4,889
9,226
8,308
5Basic earnings/(loss) per share (Subunit)
9.07
6.63
12.45
11.27
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 ($$)
1.0900
0.9700
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


FRB - OTHERS INCORPORATION OF NEW WHOLLY-OWNED SUBSIDIARY - CHELSEA APPS FACTORY SINGAPORE PTE. LTD.

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced21 Mar 2014  
CategoryGeneral Announcement
Reference NoFR-140314-37119

TypeAnnouncement
SubjectOTHERS
DescriptionINCORPORATION OF NEW WHOLLY-OWNED SUBSIDIARY
- CHELSEA APPS FACTORY SINGAPORE PTE. LTD.

The Board of Directors of Formis Resources Berhad ("FRB”) wishes to announce that Continuous Network Advisers Sdn Bhd, a wholly-owned subsidiary of FRB had on 21 March 2014 incorporated a wholly-owned subsidiary company known as Chelsea Apps Factory Singapore Pte. Ltd. (“CAFS”) in the Republic of Singapore.

The issued and fully paid-up share capital of CAFS is SGD100.00 comprising 100 ordinary shares of SGD1.00 each. CAFS is currently dormant and its intended principal activities are to carry on the business as information and multimedia technology developers and the conception, design, development, testing and licensing of software for mobile handheld devices including smartphones and tablets.

The incorporation will not has any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of the FRB Group for the financial year ending 31 March 2014.


None of the Directors and major shareholders of FRB and/or persons connected with them, have any interest, direct or indirect, in the above incorporation.

This announcement is dated 21 March 2014.



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