April 2, 2014

Company announcements: MAXIS, VS, POHUAT, SUPERMX, WEIDA

MAXIS - OTHERS Maxis Berhad ("Maxis" or the "Company") Commodity Murabahah Term Financing Facility of up to RM2.5 billion from RHB Islamic Bank Berhad ("RM2.5 billion Financing Facility")

Announcement Type: General Announcement
Company NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced2 Apr 2014  
CategoryGeneral Announcement
Reference NoMM-140402-53748

TypeAnnouncement
SubjectOTHERS
DescriptionMaxis Berhad ("Maxis" or the "Company")
Commodity Murabahah Term Financing Facility of up to RM2.5 billion from RHB Islamic Bank Berhad ("RM2.5 billion Financing Facility")

1. INTRODUCTION

The Board of Directors of Maxis wishes to announce that the Company has on 2 April 2014 entered into an agreement with RHB Islamic Bank Berhad for a  RM2.5 billion Financing Facility.

2. PURPOSE OF THE RM2.5 BILLION FINANCING FACILITY

Maxis intends to utilise the RM2.5 billion Financing Facility as follows :-

(i) approximately RM1.0 billion to refinance borrowings of the Company and its subsidiaries ("Maxis Group"); and

(ii) approximately RM1.5 billion to finance capital expenditure and general working capital requirements of Maxis Group.

3. EFFECTS OF THE RM2.5 BILLION FINANCING FACILITY ON NET ASSETS ("NA"), EARNINGS AND GEARING RATIO

The RM2.5 billion Financing Facility is expected to have an impact on the NA, earnings and gearing ratio of the Maxis Group for the financial year ending 31 December 2014 and the subsequent financial periods.

Upon full utilisation of the RM2.5 billion Financing Facility, based on Maxis' consolidated audited financial statements for financial year ended 2013 :-

(i) the net debt to earnings before interest, tax, depreciation and amortisation ("EBITDA") position of the Maxis Group will increase from 1.6 times to 1.9 times;

(ii) the net debt to EBITDA will increase from 1.5 times to 1.8 times based on normalised EBITDA of RM4.5 billion excluding the one off items of RM212 million.

4. DIRECTORS' RECOMMENDATION

The Board of Directors of Maxis is of the opinion that the RM2.5 billion Financing Facility is in the best interests of the Company.

5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the said RM2.5 billion Financing Facility.

This announcement is dated 2 April 2014



MAXIS - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board ("EPF Board")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced2 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-140402-13A74

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board ("EPF 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 in Maxis Berhad ("Maxis Shares")
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
EPF Board
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
- in respect of the acquisition of 4,200,100 Maxis Shares

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (CIMB PRI)
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
- in respect of the disposal of 1,113,700 Maxis Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired28/03/2014
4,200,100
 
Disposed28/03/2014
1,113,700
 

Circumstances by reason of which change has occurredAcquisition and Disposal
Nature of interestDirect and Indirect
Direct (units)457,946,100 
Direct (%)6.1 
Indirect/deemed interest (units)32,001,900 
Indirect/deemed interest (%)0.43 
Total no of securities after change489,948,000
Date of notice31/03/2014

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 31 March 2014 and received by the Company on 2 April 2014.

The registered holders of the 489,948,000 Maxis Shares are as follows:-

Directly held
1. Citigroup Nominees (Tempatan) Sdn Bhd
EPF Board
- in respect of 456,446,100 Maxis Shares

2. EPF Board
- in respect of 1,500,000 Maxis Shares

Held through nominee
3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (AM INV)
- in respect of 1,782,600 Maxis Shares

4. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (KAF FM)
- in respect of 2,100,000 Maxis Shares

5. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (NOMURA)
- in respect of 11,705,900 Maxis Shares

6. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (CIMB PRI)
- in respect of 13,891,200 Maxis Shares

7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (ARIM)
- in respect of 1,100,000 Maxis Shares

8. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (TEMPLETON)
- in respect of 1,422,200 Maxis Shares


MAXIS - 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 NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced2 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-140402-10A45

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 shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holderAmanahRaya Trustees Berhad
- Skim Amanah Saham Bumiputera
Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur
- in respect of the disposal of 1,297,000 Maxis Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/03/2014
1,297,000
 

Circumstances by reason of which change has occurredSale of shares
Nature of interestDirect
Direct (units)580,063,800 
Direct (%)7.73 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change580,063,800
Date of notice28/03/2014

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 28 March 2014 and received by the Company on 2 April 2014.


MAXIS - 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 NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced2 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-140402-1067E

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 shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holderAmanahRaya Trustees Berhad
- Skim Amanah Saham Bumiputera
Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur
- in respect of the disposal of 1,657,000 Maxis Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed27/03/2014
1,657,000
 

Circumstances by reason of which change has occurredSale of shares
Nature of interestDirect
Direct (units)581,360,800 
Direct (%)7.75 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change581,360,800
Date of notice27/03/2014

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 27 March 2014 and received by the Company on 2 April 2014.


VS - OTHERS Advances to subsidiary company, VS Marketing & Engineering Pte. Ltd., a company incorporated in Singapore for its investment in Serumi International Private Limited

Announcement Type: General Announcement
Company NameV.S. INDUSTRY BERHAD  
Stock Name VS  
Date Announced2 Apr 2014  
CategoryGeneral Announcement
Reference NoVI-140402-37920

TypeAnnouncement
SubjectOTHERS
DescriptionAdvances to subsidiary company, VS Marketing & Engineering Pte. Ltd., a company incorporated in Singapore for its investment in Serumi International Private Limited

1. Introduction

The Board of Directors of V.S. Industry Berhad (“VSI”) wishes to inform the Exchange that VSI has provided a total advances of SGD591,600 (approximately RM1,537,273) to its subsidiary, VS Marketing & Engineering Pte. Ltd. (“VSME”), a company incorporated in Singapore.

VSME principal business activity is engineering activities in relation to electrical & electronic and technical consultancy. The current paid up share capital of VSME is SGD1,600,000 comprising 1,600,000 shares of which VSI holds 51% of the aforesaid paid up share capital amounting to SGD816,000 comprising of 816,000 shares.

The remaining 49% of the capital of VSME is held by the following shareholders:

Name of Shareholder

Paid up Capital in SGD

No. of Shares

Percentage of Shareholding (%)

Gan Swu Juan

80,000

80,000

5

Gan Swu San

80,000

80,000

5

Shu Chye Peng

240,000

240,000

15

V. Plus Resources Pte. Ltd.

384,000

384,000

24

Total

784,000

784,000

49

Ms. Gan Swu Juan and Ms. Gan Swu San are the daughters of Mr. Gan Tiong Sia whereas V. Plus Resources Pte. Ltd. is a wholly owned company by Datuk Gan Sem Yam.

The current Directors of VSME are Datuk Gan Sem Yam, Mr. Gan Tiong Sia and Mr. Shu Chye Peng. Datuk Gan Sem Yam and Mr. Gan Tiong Sia are Directors of VSI.

2. Advances to VSME

VSI has provided a total advances of SGD591,600 to VSME in proportion of its 51% shareholding in VSME. The remaining 49% of the proposed total advances to VSME amounting to SGD568,400 would be funded by all the other existing shareholders of VSME in proportion to their respective shareholdings as follows:

Name of Shareholder

Percentage of Shareholding (%) in VSME

Advances in SGD

Gan Swu Juan

5

58,000

Gan Swu San

5

58,000

Shu Chye Peng

15

174,000

V. Plus Resources Pte. Ltd.

24

278,000

Total

49

568,400

Hence, the total advances to VSME is SGD1,160,000.

3. Rationale for the Advances

The total advances of SGD1,160,000 to VSME would be used to finance VSME’s proposed investment in Serumi International Private Limited (“SIPL”) which constitute 58% of the initial investment of SGD2 million for SIPL’s venture into the production of Serumi Ionizers. The remaining 42% of the initial investment of SGD2 million in SIPL which is amounting to SGD840,000 would be contributed by the other joint venture parties namely Shanghai Kukou Industrial Co., Ltd and whose legal representative, Mr. Yan ShiHong at 40% and Mr. Toh Hong Chen at 2% via investment otherwise than cash in the form of intellectual and industrial property rights and etc.

4. Method of Financing

The abovementioned total advances of SGD591,600 by VSI was by way of cash from internally generated fund.

5. Effects of the advances to VSME

The advances do not have any effect on the issued and paid-up share capital of VSI and the Substantial Shareholders’ Shareholding. The advances also do not have any material impact on the Net Assets, earnings and gearings of the VSI’s Group of Companies.

6. Approval Required

The advances to VSME are not subject to the approval of the shareholders of VSI and of any other authorities.

7. Directors’ and Substantial Shareholders’ Interest

Save as disclosed in item 1, no other directors and/or substantial shareholders of VSI and persons connected to them, have any interest, direct or indirect, in the abovementioned advances to VSME.

8. Statement by Directors

The Directors after taking into consideration all financial and other factors, are of the opinion that the advances to VSME are in the best and long term interests of VSI.



POHUAT - Changes in Sub. S-hldr's Int. (29B) - TAY KIM HUAT

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePOH HUAT RESOURCES HOLDINGS BERHAD  
Stock Name POHUAT  
Date Announced2 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-140402-33676

Particulars of substantial Securities Holder

NameTAY KIM HUAT
Address51 Jalan Majidi
84000 Muar Johor
NRIC/Passport No/Company No.550601-01-5635
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1-00 each
Name & address of registered holderTay Lee Thing
No. 51 Jalan Majidi
84000 Muar Johor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired01/04/2014
50,000
1.350 

Circumstances by reason of which change has occurredOpen market deal
Nature of interestIndirect interest
Direct (units)25,643,138 
Direct (%)24.03 
Indirect/deemed interest (units)5,890,536 
Indirect/deemed interest (%)5.52 
Total no of securities after change31,533,674
Date of notice02/04/2014

Remarks :
1) The above acquisition represented 0.05% of the total issued and paid up share capital of the Company after excluding a total of 6,663,800 Poh Huat shares purchased and retained as treasury shares.

2) This announcement served as an announcement pursuant to paragraph 14.09(a) of the Main Market Listing Requirements for dealing outside closed period.


POHUAT - Changes in Director's Interest (S135) - TAY KIM HUAT

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePOH HUAT RESOURCES HOLDINGS BERHAD  
Stock Name POHUAT  
Date Announced2 Apr 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-140402-33298

Information Compiled By KLSE

Particulars of Director

NameTAY KIM HUAT
Address51 Jalan Majidi
84000 Muar Johor
Descriptions(Class & nominal value)Ordinary shares of RM1-00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
01/04/2014
50,000
1.350 

Circumstances by reason of which change has occurredOpen market deal
Nature of interestIndirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)25,643,138 
Direct (%)24.03 
Indirect/deemed interest (units)5,890,536 
Indirect/deemed interest (%)5.52 
Date of notice02/04/2014

Remarks :
1) The above acquisition represented 0.05% of the total issued and paid up share capital of the Company after excluding a total of 6,663,800 Poh Huat shares purchased and retained as treasury shares.

2) This announcement served as an announcement pursuant to paragraph 14.09(a) of the Main Market Listing Requirements for dealing outside closed period.


POHUAT - PROPOSED PURCHASE BY POH HUAT RESOURCES HOLDINGS BERHAD OF ITS OWN SHARES

Announcement Type: PDF Submission
Company NamePOH HUAT RESOURCES HOLDINGS BERHAD  
Stock Name POHUAT  
Date Announced2 Apr 2014  
CategoryPDF Submission
Reference NoCM-140331-39178

SubjectPROPOSED PURCHASE BY POH HUAT RESOURCES HOLDINGS BERHAD OF ITS OWN SHARES


SUPERMX - 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 NameSUPERMAX CORPORATION BERHAD  
Stock Name SUPERMX  
Date Announced2 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140402-40971

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 of 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)
Acquired28/03/2014
99,700
 
Disposed28/03/2014
448,800
 

Circumstances by reason of which change has occurredAcquisition and Disposal of Shares
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change46,096,700
Date of notice31/03/2014

Remarks :
Direct Interest:
(1) Employees Provident Fund Board (36,212,200)
(2) Employees Provident Fund Board (RHB INV) (2,000,000)
(3) Employees Provident Fund Board (CIMB PRI) (7,884,500)

Supermax Corporation Berhad received the Form 29B dated 31 March 2014 from Citigroup Nominees (Tempatan) Sdn Bhd on behalf of Employees Provident Fund Board on 2 April 2014.


WEIDA - OTHERS DE-REGISTRATION OF WEIDA WATER (ADRA) SDN BHD

Announcement Type: General Announcement
Company NameWEIDA (M) BHD  
Stock Name WEIDA  
Date Announced2 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140402-08336

TypeAnnouncement
SubjectOTHERS
DescriptionDE-REGISTRATION OF WEIDA WATER (ADRA) SDN BHD

Further to the announcement made on 15 March 2012, Weida (M) Bhd. ("the Company") wishes to announce that Weida Water (ADRA) Sdn Bhd ("ARDA"), 51% owned by Weida Environmental Technology Sdn Bhd which in turn is 56% owned by the Company was dissolved with effect from 2 December 2013. The notice pursuant to Section 308(4) of the Companies Act, 1965 dated 19 March 2014 was received by ADRA on 2 April 2014.

This announcement is dated 2 April 2014.



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