March 6, 2014

Company announcements: POS, JAKS, TM, AIRPORT, TIMECOM, MEDAINC, KINSTEL, ALAM

POS - 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 NamePOS MALAYSIA BERHAD  
Stock Name POS  
Date Announced6 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPM-140306-A06E7

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 RM0.50 each
Name & address of registered holder1) Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board

2) Employees Provident Fund Board

3) Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (AMUNDI)

4) Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (RHB INV)

5) Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (CIMB PRI)

6) Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (ARIM)

7) Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (TEMPLETON)

8) Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (ABERDEEN)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/03/2014
16,700
 

Circumstances by reason of which change has occurredAcquired by Citigroup Nominees (Tempatan) Sdn Bhd
-Employees Provident Fund Board (ABERDEEN)
Nature of interestDirect
Direct (units)61,228,500 
Direct (%)11.4 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change61,228,500
Date of notice04/03/2014

Remarks :
The total number of 61,228,500 shares are held as follows:

1) 41,766,500 shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board

2) 1,500,000 shares are registered in the name of Employees Provident Fund Board

3) 3,100,000 shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (AMUNDI)

4) 1,000,000 shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (RHB INV)

5) 5,661,200 shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (CIMB PRI)

6) 750,000 shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (ARIM)

7) 3,208,100 shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (TEMPLETON)

8) 4,242,700 shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd
- Employees Provident Fund Board (ABERDEEN)


The Form 29B dated 4 March 2014 was received by the Company on 6 March 2014.


JAKS - OTHERS JAKS RESOURCES BERHAD (“JRB” OR “THE COMPANY”) - INCORPORATION OF NEW SUBSIDIARY COMPANY

Announcement Type: General Announcement
Company NameJAKS RESOURCES BERHAD  
Stock Name JAKS  
Date Announced6 Mar 2014  
CategoryGeneral Announcement
Reference NoCA-140306-63739

TypeAnnouncement
SubjectOTHERS
DescriptionJAKS RESOURCES BERHAD (“JRB” OR “THE COMPANY”)
- INCORPORATION OF NEW SUBSIDIARY COMPANY

Introduction

The Board of Directors of JRB wishes to announce that the Company’s 51% subsidiary, MNH Global Assets Management Sdn Bhd (“MNH”) has incorporated a wholly-owned subsidiary, Evolve Concept Mall Sdn Bhd (“ECM”) on 4 March 2014. ECM has an authorized capital of RM400,000.00 and issued and paid-up capital of RM2.00. The intended nature of the business of ECM will be management of mall and other properties.

Rationale

MNH is currently the property developer of Pacific Place at Ara Damansara, an urban mix development in Selangor and the development includes residential and commercial units with international schools and colleges, hotels, lifestyle malls and hypermalls, etc. MNH will use ECM as the management company for its various properties that are developed at Ara Damansara.

Effects of the Investment

The Investment will not have any effect on the earnings per share, net assets per share or gearing of the JRB Group for the financial year ending 31 December 2014. There will also be no changes to the share capital and substantial shareholders’ shareholding of JRB.

Directors/Major Shareholders’ interest

None of the directors and major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Investment:

Statement by Directors

The Directors of JRB are of the opinion that the Investment is in the best interest of the JRB Group.

This announcement is dated 6 March 2014.



TM - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTELEKOM MALAYSIA BERHAD  
Stock Name TM  
Date Announced6 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTM-140306-6F6A1

Particulars of substantial Securities Holder

NameAmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala
Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Share of RM0.70 each
Name & address of registered holderAmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera,
Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala
Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed03/03/2014
3,000,000
 

Circumstances by reason of which change has occurredDisposal of 3,000,000 shares by AmanahRaya Trustees Berhad.
Nature of interestDirect
Direct (units)483,927,600 
Direct (%)13.53 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change483,927,600
Date of notice03/03/2014

Remarks :
The notice was received by Telekom Malaysia Berhad on 6 March 2014.


TM - 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 NameTELEKOM MALAYSIA BERHAD  
Stock Name TM  
Date Announced6 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTM-140306-7AE42

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 Share of RM0.70 each
Name & address of registered holder1) Employees Provident Fund Board
Tingkat 19, Bangunan KWSP
Jalan Raja Laut, 50350 Kuala Lumpur.

2) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

3) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (AMUNDI)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

4) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KIB)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

5) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (HDBS)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur

6) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (RHB INV)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

7) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (AM INV)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

8) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KAF FM)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

9) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

10) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ARIM)
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)
Disposed03/03/2014
8,000,000
 

Circumstances by reason of which change has occurredDisposal of 8,000,000 shares by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board.
Nature of interestDirect
Direct (units)337,690,600 
Direct (%)9.44 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change337,690,600
Date of notice04/03/2014

Remarks :
The notice was received by Telekom Malaysia Berhad on 6 March 2014.


AIRPORT - Annual Report 2013 - Errata

Announcement Type: Document Receipt
Company NameMALAYSIA AIRPORTS HOLDINGS BERHAD  
Stock Name AIRPORT  
Date Announced6 Mar 2014  
CategoryDocument Receipt
Reference NoJM-140306-62113

Annual Report for Financial Year Ended31/12/2013
SubjectAnnual Report 2013 - Errata

Attachments

AIRPORT - Errata.pdf
575 KB






TIMECOM - 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 NameTIME DOTCOM BERHAD  
Stock Name TIMECOM  
Date Announced6 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTD-140306-D7FE5

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 RM0.50 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)
Disposed03/03/2014
115,200
 

Circumstances by reason of which change has occurredDisposal of shares in open market
Nature of interestDirect interest
Direct (units)38,431,900 
Direct (%)6.71 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change38,431,900
Date of notice04/03/2014

Remarks :
Form 29B was received by the Company on 6 March 2014.


MEDAINC - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameMEDA INC. BERHAD  
Stock Name MEDAINC  
Date Announced6 Mar 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoMI-140306-63905

Date of buy back06/03/2014
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)20,000
Minimum price paid for each share purchased ($$)0.785
Maximum price paid for each share purchased ($$)0.805
Total consideration paid ($$)16,000.00
Number of shares purchased retained in treasury (units)20,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)5,204,300
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 (%)1.1


MEDAINC - 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 NameMEDA INC. BERHAD  
Stock Name MEDAINC  
Date Announced6 Mar 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoMI-140304-64052

Date of buy back from20/02/2014
Date of buy back to27/02/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)55,000
Minimum price paid for each share purchased ($$)0.765
Maximum price paid for each share purchased ($$)0.775
Total amount paid for shares purchased ($$)42,450.15
The name of the stock exchange through which the shares were purchased BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units)55,000
Total number of shares retained in treasury (units)5,184,300
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies05/03/2014
Lodged by MEDA INC. BERHAD


KINSTEL - PRACTICE NOTE 1 / GUIDANCE NOTE 5:OTHERS

Announcement Type: General Announcement
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced6 Mar 2014  
CategoryGeneral Announcement
Reference NoCK-140306-62040

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
OTHERS
DescriptionKINSTEEL BHD (“KINSTEEL” OR “THE COMPANY”)

ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

INTRODUCTION

The Board of Directors (“Board”) of Kinsteel wishes to announce that its subsidiary company, Perwaja Holdings Berhad (“PHB”) will not be able to pay the coupon payment of RM9.8 million for its RM280.0 million nominal value of 7% Redeemable Convertible Unsecured Loan Stock (“RCULS”) which will fall due on 26 March 2014.

Reasons for the default

Inability to generate cashflow by Perwaja Steel Sdn Bhd, being the operating company of PHB group of companies (“PHB Group”), due to temporary cessation of business operations as a result of non-payment to utility providers, which in turn was caused by the slowdown of steel industry and decline in steel prices.

Measures by the Company to address the default

The management of Kinsteel together with PHB has been in discussion with relevant parties to negotiate and explore various options to regularise its financial position and total indebtedness. Pending successful implementation of the restructuring scheme and resumption of operations by PSSB, PHB will not be able to pay coupon payment for the RCULS.

Legal implications of the default including the extent of the listed issuer’s liability in respect of the obligations incurred under the agreements for the indebtedness

Pursuant to the default, the holders of RCULS have the right to enforce its rights under the loan documents. However, as Kinsteel is the major shareholder of PHB and also the major holder holding approximately 75% of the RCULS, it is unlikely that Kinsteel will be enforcing its rights under the RCULS.

Business, financial and operational impact of the default on the Company

There is no impact to the business and operations of Kinsteel arising from the default. Kinsteel will be able to continue with its existing business of manufacturing and trading of steel bars and steel related products, which has its own distinct autonomous business operation and management whereby its financial and business operations are independent from those of PSSB.

However, the default has a negative impact on the financials of Kinsteel as Kinsteel holds 210.0 million or 75% of the RCULS. Out of RM9.8 million of the coupon payment due payable on 26 March 2014, Kinsteel is due to receive RM7.35 million. The default represents a loss of income for Kinsteel until the debt restructuring scheme of PHB Group is completed.

In the event the default is in respect of secured loan stocks or bonds, the lines of action available to the guarantors or security holders against the listed issuer

Not applicable.

In the event the default is in respect of payments under a debenture, to specify whether the default will empower the debenture holder to appoint a receiver or receiver and manager

Not applicable.

Cross Default

Not applicable.

Where the default is in respect of a subsidiary or associated company, a confirmation as to whether the subsidiary or associated company is a major subsidiary or major associated company, as the case may be

PHB is not a major subsidiary company of Kinsteel.

Where the Default is in respect of a listed issuer, major subsidiary or major associated company, as the case may be –

i. a statement as to whether the listed issuer is solvent ("Solvency Declaration"). For this purpose, a listed issuer is regarded as "solvent" if the majority directors have formed the opinion that the listed issuer will be able to pay all its debts as and when they fall due within the period of 12 months from the date of the announcement; and

ii. if the listed issuer is solvent, a statement that the listed issuer undertakes to provide to the Exchange, the Solvency Declaration duly executed by its board of directors within 3 market days from the announcement date

Not applicable as PHB is not a major subsidiary company of Kinsteel.

This announcement is dated 6 March 2014.



ALAM - Changes in Sub. S-hldr's Int. (29B) - LEMBAGA TABUNG HAJI

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameALAM MARITIM RESOURCES BERHAD  
Stock Name ALAM  
Date Announced6 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAM-140306-945FC

Particulars of substantial Securities Holder

NameLEMBAGA TABUNG HAJI
Address201, JALAN TUN RAZAK
PETI SURAT 11025
50732 KUALA LUMPUR
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.25 EACH
Name & address of registered holderi. Lembaga Tabung Haji ("LTH")
201, Jalan Tun Razak
Peti Surat 11025
50732 Kuala Lumpur

ii. CIMB-Principal Asset Management Berhad
("CIMB- Principal")
Level 5, Menara Milenium
8 Jalan Damanlela Bukit Damansara
50490 Kuala Lumpur

iii. AmISLAMIC FUND MANAGEMENT SDN BHD ("AmISLAMIC")
Level 10 Bangunan AmBank Group
55 Jalan Raja Chulan
50200 Kuala Lumpur

iv. Kenanga Investors Berhad ("Kenanga")
Suite 12.02 12th Floor
Kenanga International
Jalan Sultan Ismail
50250 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/02/2014
371,000
 

Circumstances by reason of which change has occurredOPEN MARKET TRANSACTION
Nature of interestDIRECT
Direct (units)83,533,800 
Direct (%)10.42 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change83,533,800
Date of notice05/03/2014

Remarks :
Details of shareholding:
i. LTH - 79,831,300
ii. CIMB Principal - 266,700
iii. AmIslamic - 2,129,400
iv. Kenanga - 1,306,400

The notice was received on 6 March 2014.


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