April 1, 2014

Company announcements: GOCEAN, KEYWEST, OCK, MYETFDJ, CIMBA40, CIMBC25, GENP, KIANJOO, AXREIT, PARKSON

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

Announcement Type: General Announcement
Company NameGREEN OCEAN CORPORATION BERHAD (ACE Market) 
Stock Name GOCEAN  
Date Announced1 Apr 2014  
CategoryGeneral Announcement
Reference NoMI-140401-64305

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionGREEN OCEAN CORPORATION BERHAD (“GREEN OCEAN” OR “COMPANY”)

PROPOSED PLACEMENT OF UP TO THIRTY PERCENT (30%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (“PROPOSED PLACEMENT”)
On behalf of the Board of Directors of Green Ocean, Kenanga Investment Bank Berhad wishes to announce that the Company proposes to undertake a placement exercise of up to thirty percent (30%) of the issued and paid-up share capital of the Company (“Proposed Placement”).

The details of the Proposed Placement are set out in the attachment.

This announcement is dated 1 April 2014.


KEYWEST - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameKEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (ACE Market) 
Stock Name KEYWEST  
Date Announced1 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140401-9F2FD

Regularisation SponsorAmInvestment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionKEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (“Company”)
ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE (“GN”) 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR ACE MARKET (“ACE LR”) (“MONTHLY ANNOUNCEMENT”)

Reference is made to the Company’s Monthly Announcement dated 3 March 2014 for the month of March 2014.

The Board of Directors (“Board”) of the Company wishes to announce that the shareholders of the Company had approved all ordinary and special resolutions as set out in the Notice of the Extraordinary General Meeting (“EGM”) dated 4 March 2014 during the EGM on 26 March 2014.

AmInvestment Bank Berhad (“AmInvestment Bank”) had on 26 March 2014 submitted the application in respect of the Proposed Exemption to the Securities Commission Malaysia (“SC”). The said application was approved by the SC vide its letter dated 31 March 2014.

Further, on 27 March 2014, the Company had announced that AmInvestment Bank and Mercury Securities Sdn Bhd have been appointed as the Joint Placement Agents for the Proposed Offer for Sale and the Proposed Private Placement. After consultation with the Joint Placement Agents, the Board has fixed the price for the Proposed Offer for Sale and Proposed Private Placement, comprising 200,000,000 Offer Shares and 300,000,000 Placement Shares respectively, on 31 March 2014, at RM0.20 per share.

On 1 April 2014, the Company submitted the relevant documents to the Companies Commission of Malaysia to change its name from “Key West Global Telecommunications Berhad” to “XingHe Holdings Berhad”.

Save as disclosed above, there are no further developments to the Company’s regularisation plan. Any further developments to the regularisation plan concerned shall be announced accordingly.

This announcement is dated 1 April 2014.



 


OCK - Changes in Sub. S-hldr's Int. (29B) - Abdul Halim Bin Abdul Hamid (Amended Announcement)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameOCK GROUP BERHAD (ACE Market) 
Stock Name OCK  
Date Announced1 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140401-6B8AB

Particulars of substantial Securities Holder

NameAbdul Halim Bin Abdul Hamid
Address22, Jalan 7A/7
Bandar Tasik Puteri Kundang
48020 Rawang
Selangor Darul Ehsan
NRIC/Passport No/Company No.670803-10-5205
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderAliran Armada Sdn Bhd
Level 2, Tower 1, Avenue 5
Bangsar South City
59200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others28/03/2014
7,868,000
 
Others28/03/2014
582,000
 
Others28/03/2014
100,000
 

Description of other type of transactionMarried Deal
Circumstances by reason of which change has occurredMarried Deal
Nature of interestIndirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)140,215,000 
Indirect/deemed interest (%)49.22 
Total no of securities after change140,215,000
Date of notice01/04/2014

Remarks :
Type of transaction should be Married Deal instead of Disposals in open market.


MYETFDJ - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25  
Stock Name MYETFDJ  
Date Announced1 Apr 2014  
CategoryGeneral Announcement
Reference NoMD-140401-65772

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 01-04-2014
Fund: MYETFDJ
NAV per unit (RM): 1.1626
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: 1,041.04

 

Attachments

Daily Fund Values010414.pdf
316 KB



CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced1 Apr 2014  
CategoryGeneral Announcement
Reference NoOB-140401-64146

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 01-Apr-2014
NAV per unit (RM): 1.7176
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: 10,881.40

Attachments

A40.pdf
10 KB



CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced1 Apr 2014  
CategoryGeneral Announcement
Reference NoOB-140401-64112

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 01-Apr-2014
NAV per unit (RM): 0.9508
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: 15,914.55

Attachments

C25.pdf
25 KB



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

Announcement Type: General Announcement
Company NameGENTING PLANTATIONS BERHAD  
Stock Name GENP  
Date Announced1 Apr 2014  
CategoryGeneral Announcement
Reference NoGP-140401-52538

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionUPDATE ON PROPOSED JOINT VENTURE FOR OIL PALM CULTIVATION IN KABUPATEN KETAPANG, PROVINSI KALIMANTAN BARAT, REPUBLIC OF INDONESIA (“JV”)
- Proposed Re-organisation of JV Structure

We refer to our announcements dated 15 November 2013, 21 December 2012, 22 December 2011, 20 December 2010 and 5 June 2009 in respect of the JV. All abbreviations used herein shall be the same as those previously used in the aforesaid announcement unless otherwise specified.

Genting Plantations Berhad (“GENP”) wishes to announce that the Proposed Re-Organisation had been completed on 1 April 2014 and accordingly, BPalma and PCitra have become 100%-owned subsidiaries of GENP while PT PSM, a 95%-owned subsidiary of PCitra, has become a 95%-owned subsidiary of GENP.

This announcement is dated 1 April 2014.



KIANJOO - PROPOSED MAJOR DISPOSAL AND PROPOSED DISTRIBUTION

Announcement Type: General Announcement
Company NameKIAN JOO CAN FACTORY BERHAD  
Stock Name KIANJOO  
Date Announced1 Apr 2014  
CategoryGeneral Announcement
Reference NoCU-140401-61683

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDIJ-140331-55926
SubjectPROPOSED MAJOR DISPOSAL AND PROPOSED DISTRIBUTION
DescriptionKIAN JOO CAN FACTORY BERHAD ("KIAN JOO" OR THE "COMPANY")

REPLY TO QUERY IN RELATION TO THE PROPOSED MAJOR DISPOSAL AND PROPOSED DISTRIBUTION
Query Letter Contents We refer to the Company's announcement dated 28 March 2014, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

Detailed clarification on Mr See Teow Koon's ("Mr See") dissentment
particularly on the disposal consideration and Aspire's proof of funds together
with the Board's view on Mr See's dissentment;
It is noted that the list of Kian Joo's properties as announced on 28 March
2014 comprises of only 12 properties as compared to a total of 31 properties
listed in its 2013 Annual Report. In this respect, please provide detailed
clarification on the differences in the list of properties, which is the
subject matter of the PSA; and
Provide better clarity on the basis in arriving at the offer price for the
mandatory general offer of Box-Pak (Malaysia) Berhad based on the provisions
stipulated in the Malaysian Code on Take-Overs and Mergers, 2010.

Please furnish Bursa Securities with your reply immediately.


Yours faithfully




HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation
IJ
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)
(Unless otherwise defined, all terms used in this announcement have the same meaning ascribed in the announcement dated 24 March 2014)
Reference is made to the query letter from Bursa Malaysia Securities Berhad dated 1 April 2014 in respect of the Company's announcement dated 28 March 2014 in relation to the ab ove.

On behalf of Kian Joo, we are pleased to furnish the additional information as requested:

1. The clarification, if any from Mr See Teow Koon will be provided in the Circular to be despatched to the shareholders of Kian Joo in due course. The Board has expressed that the Disposal Consideration has been deliberated and the Board agreed to accept the Offer made by Aspire as in the announcement dated 10 January 2014. The Board’s view on the Aspire’s proof of fund has been set out in Section 17 of the announcement dated 24 March 2014.

2. Of the 30* properties set out in the 2013 Annual Report:

    (a) 12 are owned by Kian Joo (“KJ Properties”);

    (b) 2 are owned by Federal Metal Printing Factory Sdn Bhd (“FMPF Properties”); and

    (c) 16 are owned by other subsidiaries of Kian Joo (“Subsidiaries’ Properties”).

    Note:
    * 1 of the 31 properties set out in the 2013 Annual Report has been disposed off and therefore, the number of properties to date is 30.

    There is no transfer of ownership of the Subsidiaries’ Properties as it would be the shares of the subsidiaries that will be transferred to Aspire. Therefore, no PSA was entered between Kian Joo and Aspire relating to the Subsidiaries’ Properties.

    The 11 PSAs entered into between Kian Joo and Aspire are in respect of the KJ Properties and FMPF Properties, details of which are set out below. For convenience, the PSAs will be referred to as PSA 1 to 11 below.

AgreementProperty (title details)Explanation
PSA 1GRN 128811, Lot 10615, Mukim of Setul, District of Seremban, State of Negeri SembilanThis is disclosed as 1 property in 2013 Annual Report
PSA 2GRN 128860, Lot 10666, Mukim of Setul, District of Seremban, Negeri SembilanThis is disclosed as 1 property in 2013 Annual Report
GRN 128861, Lot 10667, Mukim of Setul, District of Seremban, Negeri SembilanThis is disclosed as 1 property in 2013 Annual Report
PSA 3GRN 128887, Lot 10696, Mukim of Setul District of Seremban, Negeri Sembilan Darul This is disclosed as 1 property in 2013 Annual Report
PSA 4GRN 222587, Lot 23, City of Selayang, District of Gombak, SelangorThis is disclosed as 1 property in 2013 Annual Report
GRN 222588, Lot 24, City of Selayang, District of Gombak, Selangor
GRN 222589, Lot 25, City of Selayang, District of Gombak, Selangor
GRN 222590, Lot 26, City of Selayang, District of Gombak, Selangor
PSA 5HS(D) 16415, PT, City of Shah Alam, District of Petaling, SelangorThis is disclosed as 1 property in 2013 Annual Report
PSA 6PT 33675 (H.S.(D) 26685), Mukim of Batu, District of Gombak, SelangorThis is disclosed as 1 property in 2013 Annual Report
PSA 7HS(D) 54826, PT 15637, Mukim of Petaling, District of Petaling, State of SelangorThis is disclosed as 1 property in 2013 Annual Report
PSA 8HS(D) 172527, PT, City of Shah Alam, District of Petaling, SelangorThis is disclosed as 1 property in 2013 Annual Report
PSA 9PTD 62907 (H.S.(D) 187255), Mukim of Tebrau, District of Johor BahruThis is disclosed as 1 property in 2013 Annual Report
PTD 62908 (H.S.(D) 187256), Mukim of Tebrau, District of Johor Bahru
PSA 10GRN. 258, Lot 44720, Mukim of Batu, District of Gombak, SelangorThis is disclosed as 1 property in 2013 Annual Report
PSA 11GRN 260, Lot 44722, Mukim of Batu, District of Gombak, SelangorThis is disclosed as 1 property in 2013 Annual Report
GRN 261, Lot 44723, Mukim of Batu, District of Gombak, SelangorThis is disclosed as 1 property in 2013 Annual Report
GRN 262, Lot 44724, Mukim of Batu, District of Gombak, SelangorThis is disclosed as 1 property in 2013 Annual Report
TOTAL14

    3. The pricing for the mandatory general offer (“MGO”) for Box-Pak (Malaysia) Berhad (“Box-Pak”) will be fixed in accordance with Paragraph 1.7 of Practice Note 21 of the Malaysian Code on Take-Overs and Mergers, 2010 (“Code”), attached as Appendix I. In accordance with the aforementioned provisions of the Code, the indicative issue price of RM2.29 was calculated based on the volume weighted average market price of Box-Pak for the last 20 market days prior to the Offer by Aspire to Kian Joo on 26 November 2013.

    Attachments

    Appendix I.pdf
    57 KB



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

    Announcement Type: General Announcement
    Company NameAXIS REAL ESTATE INVESTMENT TRUST  
    Stock Name AXREIT  
    Date Announced1 Apr 2014  
    CategoryGeneral Announcement
    Reference NoMI-140401-66996

    TypeAnnouncement
    SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
    FUND RAISING
    DescriptionAXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR “FUND”)

    (I) PROPOSED AUTHORITY TO ALLOT AND ISSUE UP TO 86,040,951 NEW UNITS IN AXIS-REIT (“UNITS”), REPRESENTING UP TO 18.65% OF THE EXISTING ISSUED FUND SIZE OF AXIS-REIT OF 461,239,089 UNITS (“PROPOSED AUTHORITY”) TO FACILITATE A PLACEMENT EXERCISE (“PROPOSED PLACEMENT”);

    (II) PROPOSED INCREASE IN THE EXISTING ISSUED FUND SIZE OF AXIS-REIT FROM 461,239,089 UNITS UP TO A MAXIMUM OF 547,280,040 UNITS PURSUANT TO THE PROPOSED AUTHORITY (“PROPOSED INCREASE IN FUND SIZE”); AND

    (III) PROPOSED SUBSCRIPTION OF NEW UNITS UNDER THE PROPOSED PLACEMENT BY THE INTERESTED PERSONS (“PROPOSED SUBSCRIPTION”)

    (THE PROPOSED AUTHORITY, PROPOSED INCREASE IN FUND SIZE AND PROPOSED SUBSCRIPTION ARE COLLECTIVELY REFERRED TO AS “PROPOSALS”)

    We refer to the announcement dated 11 March 2014 in relation to the Proposals.

    On behalf of the Board of Directors of Axis REIT Managers Berhad, being the management company of Axis-REIT (“Manager”), Maybank Investment Bank Berhad is pleased to announce that Bursa Malaysia Securities Berhad had, vide its letter dated 27 March 2014 (which was received on 1 April 2014), approved the extension of time of up to 3 October 2014 to complete the following proposals:

    (i) authority to allot and issue up to 90,762,819 new Units to facilitate a placement exercise; and

    (ii) authority to allot and issue up to 2,000,000 new Units for the purpose of the payment of management fee to the Manager in the form of new Units.

    For clarification purposes, the maximum number of Units which could be issued pursuant to the Proposed Placement has been revised to 86,040,951 Units given that the approval of the Securities Commission Malaysia for the increase in fund size of the Fund to accommodate the issuance of new Units pursuant to the Proposed Placement was up to a maximum of 547,280,040 Units and taking into account the total of 4,721,868 new Units which had been issued in 2013 pursuant to the income distribution reinvestment plan.

    This announcement is dated 1 April 2014.



    PARKSON - Notice of Shares Buy Back - Immediate Announcement

    Announcement Type: Notice of Shares Buy Back - Immediate Announcement
    Company NamePARKSON HOLDINGS BERHAD  
    Stock Name PARKSON  
    Date Announced1 Apr 2014  
    CategoryNotice of Shares Buy Back - Immediate Announcement
    Reference NoPH-140401-64309

    Date of buy back01/04/2014
    Description of shares purchasedOrdinary shares of RM1.00 each
    CurrencyMalaysian Ringgit (MYR)
    Total number of shares purchased (units)600,000
    Minimum price paid for each share purchased ($$)3.000
    Maximum price paid for each share purchased ($$)3.000
    Total consideration paid ($$)1,806,140.00
    Number of shares purchased retained in treasury (units)600,000
    Number of shares purchased which are proposed to be cancelled (units)0
    Cumulative net outstanding treasury shares as at to-date (units)74,038,231
    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 (%)6.77


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