April 23, 2014

Company announcements: BHS, BARAKAH, HANDAL, HAIO

BHS - Changes in Sub. S-hldr's Int. (29B) - Harta Sistem Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBHS INDUSTRIES BERHAD  
Stock Name BHS  
Date Announced23 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140418-A00EA

Particulars of substantial Securities Holder

NameHarta Sistem Sdn. Bhd.
AddressLot 17-22 & Lot 17-23
Jalan Satu
Bersatu Industrial Park
Cheras Jaya 43200
Selangor Darul Ehsan
NRIC/Passport No/Company No.94937-K
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each ("Shares")
Name & address of registered holderDirect Interest:-

Harta Sistem Sdn. Bhd.
Lot 17-22 & Lot 17-23
Jalan Satu
Bersatu Industrial Park
Cheras Jaya 43200
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/04/2014
1,000,000
 
Disposed22/04/2014
915,000
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change7,000,043
Date of notice23/04/2014


BHS - Changes in Director's Interest (S135) - Liew Sai Ying

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameBHS INDUSTRIES BERHAD  
Stock Name BHS  
Date Announced23 Apr 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCA-140418-A00E9

Information Compiled By KLSE

Particulars of Director

NameLiew Sai Ying
AddressB-3A02, Kondo Puteri Palma
Bukit Puteri, Batu 7, Jalan Kajang Puchong
Pinggiran Putrajaya, 43000 Kajang
Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary shares of RM0.50 each ("Shares")

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
18/04/2014
1,000,000
1.560 
Disposed
22/04/2014
915,000
1.560 

Circumstances by reason of which change has occurredDeemed interest by virtue of her interest in Harta Sistem Sdn. Bhd. pursuant to Section 6A of the Companies Act, 1965
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)4,000,096 
Direct (%)5.55 
Indirect/deemed interest (units)7,000,043 
Indirect/deemed interest (%)9.71 
Date of notice23/04/2014

Remarks :
1. The above dealing of 1,915,000 Shares represents 2.66% of the issued Shares of the Company.
2. This announcement also serves as an announcement on notification under chapter 14 of the Listing Requirements (Dealing Outside Closed Period).


BHS - Changes in Director's Interest (S135) - Heng Song Khoon

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameBHS INDUSTRIES BERHAD  
Stock Name BHS  
Date Announced23 Apr 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCA-140418-A00D4

Information Compiled By KLSE

Particulars of Director

NameHeng Song Khoon
AddressB-3A02, Kondo Puteri Palma
Bukit Puteri, Batu 7, Jalan Kajang Puchong
Pinggiran Putrajaya, 43000 Kajang
Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary shares of RM0.50 each ("Shares")

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
18/04/2014
1,000,000
1.560 
Disposed
22/04/2014
915,000
1.560 

Circumstances by reason of which change has occurredDeemed interest by virtue of his interest in Harta Sistem Sdn. Bhd. pursuant to Section 6A of the Companies Act, 1965
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)6,000,061 
Direct (%)8.32 
Indirect/deemed interest (units)7,000,043 
Indirect/deemed interest (%)9.71 
Date of notice23/04/2014

Remarks :
Remarks :
1. The above dealing of 1,915,000 Shares represents 2.66% of the issued Shares of the Company.
2. This announcement also serves as an announcement on notification under chapter 14 of the Listing Requirements (Dealing Outside Closed Period).


BARAKAH - OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD AWARD OF CONTRACT FOR THE PROCUREMENT, CONSTRUCTION AND COMMISSIONING OF PENGERANG PIPELINE PROJECT

Announcement Type: General Announcement
Company NameBARAKAH OFFSHORE PETROLEUM BERHAD  
Stock Name BARAKAH  
Date Announced23 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140423-57366

TypeAnnouncement
SubjectOTHERS
DescriptionBARAKAH OFFSHORE PETROLEUM BERHAD

AWARD OF CONTRACT FOR THE PROCUREMENT, CONSTRUCTION AND COMMISSIONING OF PENGERANG PIPELINE PROJECT

Barakah Offshore Petroleum Berhad ("Barakah" or the "Company") is pleased to announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd, in a Consortium with CPM Construction Sdn Bhd, has received a letter of award from PETRONAS Gas Berhad for the procurement, construction and commissioning of Pengerang Pipeline ("Contract").

Work for the Contract is expected to commence immediately and is scheduled to be completed by Q2 2016.

The value of the Contract is estimated at RM260 million. PBJV Group Sdn Bhd has 50% share of the liabilities and obligations in respect of the Contract and 50% share of the benefits and profits to be derived from the Contract by the Consortium. The Contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the Contract.

Risk factors affecting the Contract include, but not limited to, execution risks such as availability of skilled manpower and materials and changes in prices of materials. Barakah Group has, throughout the years, established its track record and expertise to undertake such projects.

As such, the management believes that Barakah Group is able to mitigate the abovementioned risk factors.

None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of the Company has any direct or indirect interest in the Contract.

This announcement is dated 23 April 2014.

 

 


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

Announcement Type: General Announcement
Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL  
Date Announced23 Apr 2014  
CategoryGeneral Announcement
Reference NoCA-140423-62236

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionHANDAL RESOURCES BERHAD (“HRB” or “the Company”)
Subscription of Preference Shares in subsidiary company, HANDRILL SDN BHD (“HSB”)

The Board of Directors of HANDAL RESOURCES BERHAD wishes to inform that the Company has on 23 April 2014 subscribed for the second tranche of 2,588,000 Irredeemable Convertible Preference Shares ("ICPS") of RM1.00 each at the issue price of RM1.00 each in the subsidiary company, HANDRILL SDN BHD ("HSB") (“Proposed Subscription”).

Information on HSB

HSB was incorporated on 11 January 2008 and is principally involved in providing consultancy for engineering project support services. HSB is registered with and licensed by Petronas as Rig Owner / Rig Operator. HRB currently holds 4,410,016 ordinary shares of RM1.00 each in HSB representing 98.88% of the ordinary issued and paid up capital of HSB and the first and second tranche totalling to 15,288,000 ICPS held by HRB represents 100% of the preference share capital of HSB. The balance of the ordinary shareholding is held by En Amir Hasnizam Bin Meor Nordin.

The ICPS are not entitled to dividends or voting rights and are convertible to ordinary shares of RM1.00 each upon notification by HSB that it has secured sizeable work contracts. The conversion rate is of one (1) ordinary share of RM1.00 for every RM1.00 of the ICPS.

Consideration

The consideration for the Proposed Subscription amounting to RM2,588,000 is satisfied through internally generated funds.

Rationale for the Proposed Acquisition

The HRB Group is principally involved as a fully integrated offshore crane service and manufacturing provider specializing in the oil and gas industry. HSB possess a Petroliam Nasional Berhad license and the increase in capital of HSB will enable it to bid for larger contracts.

Financial Effects

The Proposed Subscription will not have any effect on the issued and paid-up share capital of the Company and shareholdings of the substantial shareholders of the Company as the purchase consideration will be satisfied entirely in cash.

The Proposed Subscription is not expected to have any material effect on the earnings per share, net assets and gearing of HRB Group for the financial year ending 31 December 2014.

The Proposed Acquisition is however expected to contribute positively to the future earnings of the HRB Group when HSB secures sizeable work contracts.

Approval required

The Proposed Subscription does not require the approval of the Company’s shareholders.

Directors/Major shareholders’ interest

None of the other Directors or major shareholders of HRB or persons connected to them have any interest, direct or indirect, in the Proposed Subscription.

Directors’ statement

The Board of Directors are of the opinion that the Proposed Subscription is in the best interest of the Company.

Applicable Percentage Ratio

The highest percentage ratio applicable to the Proposed Subscription is 3.59%.

This announcement is dated 23 April 2014.



HANDAL - Changes in Sub. S-hldr's Int. (29B) - DATO' MOHSIN ABDUL HALIM

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL  
Date Announced23 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140423-37236

Particulars of substantial Securities Holder

NameDATO' MOHSIN ABDUL HALIM
Address3, Jalan SS3/98,
47300 Petaling Jaya,
Selangor Darul Ehsan.
NRIC/Passport No/Company No.430511-03-5353
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderCIMSEC Nominees (T) Sdn Bhd
CIMB for Mallek Rizal Bin Mohsin
UL, Wisma Amanah Raya Berhad,
Jalan Semantan,
Damansara Heights,
50490 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/04/2014
120,000
0.465 

Circumstances by reason of which change has occurredOpen Market Disposal
Nature of interestIndirect
Direct (units)25,288,887 
Direct (%)15.81 
Indirect/deemed interest (units)10,691,896 
Indirect/deemed interest (%)6.68 
Total no of securities after change35,980,783
Date of notice23/04/2014


HANDAL - Changes in Sub. S-hldr's Int. (29B) - MALLEK RIZAL BIN MOHSIN

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL  
Date Announced23 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140423-36919

Particulars of substantial Securities Holder

NameMALLEK RIZAL BIN MOHSIN
Address3, Jalan Pekaka 8/19,
Seksyen 8, Kota Damansara,
47810 Petaling Jaya,
Selangor.
NRIC/Passport No/Company No.660619-03-5009
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderCIMSEC Nominees (T) Sdn Bhd
CIMB for Mallek Rizal Bin Mohsin
UL, Wisma Amanah Raya Berhad,
Jalan Semantan,
Damansara Heights,
50490 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/04/2014
120,000
0.465 

Circumstances by reason of which change has occurredOpen Market Disposal
Nature of interestDirect
Direct (units)10,691,896 
Direct (%)6.68 
Indirect/deemed interest (units)25,288,887 
Indirect/deemed interest (%)15.81 
Total no of securities after change35,980,783
Date of notice23/04/2014


HANDAL - Changes in Director's Interest (S135) - DATO' MOHSIN ABDUL HALIM

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL  
Date Announced23 Apr 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCA-140423-36716

Information Compiled By KLSE

Particulars of Director

NameDATO' MOHSIN ABDUL HALIM
Address3, Jalan SS3/98,
47300 Petaling Jaya,
Selangor Darul Ehsan
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
18/04/2014
120,000
0.465 

Circumstances by reason of which change has occurredOpen Market Disposal
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)25,288,887 
Direct (%)15.81 
Indirect/deemed interest (units)10,691,896 
Indirect/deemed interest (%)6.68 
Date of notice23/04/2014


HANDAL - Changes in Director's Interest (S135) - MALLEK RIZAL BIN MOHSIN

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL  
Date Announced23 Apr 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCA-140423-36055

Information Compiled By KLSE

Particulars of Director

NameMALLEK RIZAL BIN MOHSIN
Address3, Jalan Pekaka 8/19,
Seksyen 8, Kota Damansara,
47810 Petaling Jaya,
Selangor.
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
18/04/2014
120,000
0.465 

Circumstances by reason of which change has occurredOpen Market Disposal
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)10,691,896 
Direct (%)6.68 
Indirect/deemed interest (units)25,288,887 
Indirect/deemed interest (%)15.81 
Date of notice23/04/2014


HAIO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHAI-O ENTERPRISE BERHAD  
Stock Name HAIO  
Date Announced23 Apr 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCP-140423-61693

Date of buy back23/04/2014
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)11,000
Minimum price paid for each share purchased ($$)2.450
Maximum price paid for each share purchased ($$)2.460
Total consideration paid ($$)27,170.00
Number of shares purchased retained in treasury (units)11,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)5,897,388
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 (%)2.92


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