April 30, 2014

Company announcements: MEDAINC, PRTASCO, CANONE, ALAM, HALEX, MEGB, HARTA, AFFIN, PRESBHD

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 Announced30 Apr 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoMI-140430-34105

Date of buy back from17/04/2014
Date of buy back to25/04/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)1,271,600
Minimum price paid for each share purchased ($$)0.740
Maximum price paid for each share purchased ($$)0.785
Total amount paid for shares purchased ($$)972,146.50
The name of the stock exchange through which the shares were purchased BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units)1,271,600
Total number of shares retained in treasury (units)7,035,900
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies30/04/2014
Lodged by MEDA INC. BHD


MEDAINC - Annual Audited Accounts - 31 December 2013

Announcement Type: PDF Submission
Company NameMEDA INC. BERHAD  
Stock Name MEDAINC  
Date Announced30 Apr 2014  
CategoryPDF Submission
Reference NoMI-140430-61526

SubjectAnnual Audited Accounts - 31 December 2013


PRTASCO - Annual Audited Accounts - 31 December 2013

Announcement Type: PDF Submission
Company NamePROTASCO BERHAD  
Stock Name PRTASCO  
Date Announced30 Apr 2014  
CategoryPDF Submission
Reference NoCA-140430-59269

SubjectAnnual Audited Accounts - 31 December 2013

Attachments

Protasco Berhad FY2013.pdf
697 KB






CANONE - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameCAN-ONE BERHAD  
Stock Name CANONE  
Date Announced30 Apr 2014  
CategoryGeneral Announcement
Reference NoC--140430-53521

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionCourt of Appeal Civil Appeal No. W-02-2616-12/2013
(Kuala Lumpur High Court Application for Judicial Review No. R2-25-53-03/2013)
Between
Can-One Berhad & 7 Others (the "Appellants")
and
Bursa Malaysia Securities Berhad (“Bursa Securities” or the “Respondent”)

We refer to our announcement dated 21 November 2013 in respect of the above matter.

The Appellants' Notice of Appeal against the decision of the Kuala Lumpur High Court given on 29 October 2013 in dismissing the Notice of Hearing of Application for Judicial Review has been fixed for case management on 9 May 2014 before the Court of Appeal.


This announcement is dated 30 April 2014.

 


ALAM - Annual Audited Accounts - 31 December 2013

Announcement Type: PDF Submission
Company NameALAM MARITIM RESOURCES BERHAD  
Stock Name ALAM  
Date Announced30 Apr 2014  
CategoryPDF Submission
Reference NoAM-140430-54436

SubjectAnnual Audited Accounts - 31 December 2013


HALEX - PROPOSED ACQUISITION BY HALEX REALTY SDN BHD IN KENSINGTON DEVELOPMENT SDN BHD FROM BESTEMPIRE LIMITED (“PROPOSED ACQUISITION”)

Announcement Type: General Announcement
Company NameHALEX HOLDINGS BERHAD  
Stock Name HALEX  
Date Announced30 Apr 2014  
CategoryGeneral Announcement
Reference NoCZ-140430-44069

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDTE-140428-54486
SubjectPROPOSED ACQUISITION BY HALEX REALTY SDN BHD IN KENSINGTON DEVELOPMENT SDN BHD FROM BESTEMPIRE LIMITED (“PROPOSED ACQUISITION”)
DescriptionHALEX HOLDINGS BERHAD ("HALEX" OR THE "COMPANY")

PROPOSED ACQUISITION BY HALEX REALTY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF HALEX, OF 1,250,000 ORDINARY SHARES OF RM1.00 EACH IN KENSINGTON DEVELOPMENT SDN BHD (“KDSB”) CONSTITUTING 25% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF KDSB FROM BESTEMPIRE LIMITED (“PROPOSED ACQUISITION”)
Query Letter Contents We refer to the Company's announcement dated 25 April 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:-

1. The name of the directors of KDSB.
2. Brief history of KDSB including its commencement date of operation and the
details of the property development projects completed, including the project
name, gross development value etc.
3. To specify the net profit/loss after tax and net assets/liabilities based on
the latest audited financial statements.
4. Detailed information on the development projects pursuant to Items (1) and
(4) of Appendix 10A, Part C of the Main Market Listing Requirements.
5. Further clarification on how the valuation range between RM89.86 million and
RM95.97 million were determined, including the detailed assumptions used by the
Independent Valuer.
6. Basis/justification for the Independent Valuer in using the DCF valuation
methodology to determine the valuation of the development projects.
7. Quantification of the adjusted Net Assets of KDSB based on the latest
audited financial statements after taking into consideration the valuation of
the development projects.
8. The principal activities of Bestempire Limited.
9. Given that KDSB currently does not generate any profit, to justify the
statement that "the Proposed Acquisition is expected to diversify the Company's
earnings base and contribute positively to the revenue and profitability of the
Halex and its subsidiaries in the future".
10. The effect on the Group's gearing assuming that the Proposed Acquisition
will be fully financed by the bank borrowings.
11. To specify "all aspects" of the Proposed Acquisition, that were considered
by the Board of Directors in arriving at its opinion that the Proposed
Acquisition is in the best interest of the Company.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.





Page 2/-



Yours faithfully



HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation
IJ/TEK
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)

We refer to our announcement dated 25 April in relation to the Proposed Acquisition (“Announcement”).

All abbreviations and definitions used herein shall have the same meanings as the words and expressions defined in the Announcement, except where the context otherwise requires or where otherwise defined herein.

The Board wishes to provide the following additional information in relation to the Proposed Acquisition:

i. The name of the directors of KDSB

The directors of KDSB are Lim Lam Seng (NRIC No. 600907-08-5735) and Chong Seu Ling (NRIC No. 321115-08-5037).

ii. Brief history of KDSB including its commencement date of operation and the details of the property development projects completed, including the project name, gross development value etc.

KDSB was established in 19 May 1994 and commenced business in year 1999. The current issued and paid-up share capital of KDSB is RM5,000,000 divided into 5,000,000 ordinary shares of RM1.00 each.

KDSB is the sole owner of the piece of land in its entirety, located at KM14, Jalan Tuaran, Kota Kinabalu, Sabah (“the Land”).

To date KDSB has successfully completed four (4) Joint Venture Projects on the Land listed as below:-

Item

 

Contract Project Title

 

Gross Development Value (RM)

Contract Period

Remark

 

1.

 

Steel Industries Development Project

 

2,979,504.00

 

May 2007 –Dec 2011

 

OC* Obtained

Dec 2011

2.

Proposed 35 units of 2 Storey residential Houses, Taman Seri Pelangi 1, at KM13 , Jalan Tuaran, Kota Kinabalu

15,363,000.00

 

May 2007 - Apr 2010

OC* Obtained 14.04.2010

3.

Proposed 24 units of 2 Storey residential Houses, Taman Seri Pelangi 2A, at KM13 , Jalan Tuaran, Kota Kinabalu

17,240,000.00

 

Jun 2010 - Jun 2012

OC* Obtained 06.06.2012

4.

Proposed 15 units of 2 Storey residential Houses, Taman Seri Pelangi 2B, at KM13 , Jalan Tuaran, Kota Kinabalu

11,760,000.00

 

Aug 2011 - Jul 2013

OC* Obtained 04.02.2014

* oc stands for Occupation Certificates. An OC verifies that the Principal Certifying Authority (in Sabah is the Dewan Bandaraya Kota Kinabalu (“DBKK”) is satisfied that the building is suitable for occupation.

iii. To specify the net profit/loss after tax and net assets/liabilities based on the latest audited financial statements.

Based on the audited financial statements of KDSB for financial year ended 31 December 2012, KDSB’s net loss and net current liabilities is RM0.34 million and RM1.23 million respectively.

iv. Detailed information on the development projects pursuant to Items (1) and (4) of Appendix 10A, Part C of the Main Market Listing Requirements

KDSB holds in possession of three (3) adjoining parcels of land under CL015018621 (“Land 1”), CL015012470 (“Land 2”) and CL015263466 (“Land 3”) situated at KM14, Jalan Tuaran, in the District of Kota Kinabalu, Sabah (collectively, referred to as the “Land”).

The Land was subsequently subdivided into several titles for several projects. The title allocated and registered in the name of KDSB are as below. All information are extracted from the valuation report, as appraised by JS Valuer Property as at 3 August 2011 for a market value of RM 36,574,000.00 using  two (2) methods of valuation (ie.: Comparison Method of valuation and Residual Method of valuation)

Title Nos.

Land area

CL015633815

3,653.90

CL015633824

1,792.30

CL015633860

47,577.30

CL015633879

3128.50

CL015633833

3125.30

CL015633379

905.5

CL015633388

601.9

Total

60,784.70

The above land titles exclude the two (2) completed/disposed projects as listed below.

Phase

Particulars

Land area ( acres)

Status of project

Ph 1a & 1b

2 storey terraced houses

9.22

Completed

Ph 1C

2 storey detached houses (2 units)

0.37

Marked for future development

Ph 2a & 2b

7 & 14 storey condominium (738 units)

landscape “A & B” and Turfing area

6.1 m wide carriageway

20m wide road reserve

Sewerage treatment Plant

13.39

In progress

 discussion &

 negotiation

Ph 2 C

2 storey link- detached house (5 units)

landscape and turfing area

0.72

In progress

 discussion &

 negotiation

Ph 3

13 storey link-detached & hotel suite

6.7 m wide carriageway and carpark

open space and turfing area

2.02

Joint Development with Bina Puri Properties Sdn. Bhd.

Ph 4

Future Development

3.05

Disposed in 2007

 

TOTAL

28.77

 

Subsequently, KDSB had appointed the following valuers to revalue the balance of land as below:

(1) CH William Talhar & Wong (S) Sdn Bhd on 20th January 2014 for both Ph 2 a & 2b and also Ph 2 C with a market value of RM 41,500,000.00 for a total area of 13.478 acres. Method of valuation is Comparison Method of valuation; and

(2) JS Valuer Property Consultants (EM) Sdn. Bhd. dated 17th July 2013 for Ph 3 for a market value of RM 8,524,000.00 for a total area of 7,976.30 square meters. Method of valuation is Comparison Method of valuation.

 

Existing use

:

Commercial/residential land

Terms of tenure

:

1st January 2006 for a term of 99 years expiring on 2195

Encumbrances

:

N/A

Restriction in interest

:

The Land cannot be transferred and/or charged without the relevant state authority’s consent

Express condition

:

Commercial /Residential building

Latest audited net book value

 

:

RM3.403 million

*  Based on KDSB’s audited consolidated financial statements for the FYE 31 December 2012

KDSB has intended to develop the Land into a mixed commercial development with an estimated gross development value (“GDV”) of approximately RM595.8 million (“Proposed Development”).

Phase

Particulars

GDV

GDC

GDP

Ph 1C

2 storey detached houses(2 units)

4 million

2.8 million

1.2 million

Ph 2a & 2b

7 & 14 storey condominium (738 units)

landscape “A 7 B” and Turfing area

6.1 m wide carriageway

20m wide road reserve

Sewerage treatment Plant

563 Million

337 million

226 million

Ph 2 C

2 storey link- detached house (5 units)

landscape and turfing area

10.8 million

7million

3.8 million

Ph 3

13 storey link-detached & hotel suite

6.7 m wide carriageway and carpark

open space and turfing area

18 million (profit guarantee)

Nil

18 million

 

TOTAL

595.8 million

346.8 million

249 million

The total development cost is estimated at RM305.80 million (excluding land cost of RM41.0 million) with an estimated gross development profit of RM249 million. The development cost shall be funded through KDSB’s internally generated funds and/or bank borrowings.

The Proposed Development is expected to commence construction in 2014 with all the requisite approvals and span over a development period of six (6) years. As at the date of this announcement, the master development plan was approved on 7 July 2007 under the reference of OMA/KK287/DP1A Rev. P (the “DP”) and pending revalidation for project namely Ph 1C, Ph 2a & 2b, & Ph 2 C. The approved DP for Ph 3 was prepared by Arkitek Daniel Koh vide reference Drawing nos. ADK1009/sp/101/e dated April 2010 and ADK1009/ASC-COM/201A-211A dated October 2010 and also DBKK’s letter dated September 2010.

The Proposed Development is still in its initial planning stage and therefore, the above information is preliminary at this juncture and may be subject to further refinement. Therefore, the estimated development cost and estimated development profit may vary depending on the finalised master plan for the Proposed Development as well as the prevailing market conditions.

v. Further clarification on how the valuation range between RM89.86 million and RM95.97 million were determined, including the detailed assumptions used by the Independent Valuer

The ascribed fair value range was ascertained by discounting the net cash flow from which KDSB would achieve from the development projects. In this instance, the net cash flow were derived from the revenue to be obtained from the sales of the development units less the development costs for the development projects and subsequently discounted at an appropriate discount rate, being the weighted average cost of capital (“WACC”) of KDSB which ranged from 15.34% and 17.25%.

In arriving at the valuation, the Independent Valuer had taken into consideration the following bases and critical assumptions:

(i) the return from the development of the 13-storey commercial and home suite, i.e. 8 Avenue, on the subject lands is estimated based on the development agreement signed between KDSB and Bina Puri Properties Sdn. Bhd. on 14 June 2013 as listed in Part IV of this reply;

(ii) the discount rate of 15.34% and 17.25%, based on KDSB’s WACC, computed using the Capital Asset Pricing Model (“CAPM”) and using rates obtained from companies listed on the Main Market of Bursa Malaysia Securities Berhad which are in similar business as KDSB as surrogates. Additionally, there is also a premium of between 30% and 50% imputed in arriving at the WACC, to account for the higher premium attached to the non-marketability of KDSB shares;

(iii) the cost of development are estimated by the Directors of KDSB as the following:

Condominium:

 Construction cost at  approximately 46% of the GDV;

 Professional fees at 5% of the construction cost;

 Sales and marketing costs is at 1.70% of the GDV; and

 Developer expenditure and finance costs are at 2% of the GDV.

Bungalow:

 Construction cost at approximately 30% of the GDV;

 Professional fees at 5% of the construction cost;

 Sales and marketing costs is at 2% of the GDV;

 Statutory development charges and contributions is at 3% of the GDV; and

 Developer expenditure and finance costs are at 2% of the GDV;

(iv) The debt to equity ratio is estimated at 50:50; and

(v) The cost of debts is estimated at 1.25% plus Base Lending Rate. The Base Lending Rate is estimated at 6.60%.

Based on the foregoing, the fair value of on KDSB’s development projects is between RM89.86 million and RM95.97 million

vi. Basis/ justification for the Independent Valuer in using the DCF valuation methodology to determine the valuation of the development projects

In determining the valuation of the development projects, the Independent Valuer had adopted the DCF valuation methodology. In this instance, the DCF approach is highly regarded for the valuation of assets/businesses which generate income. As such, value is measured by the present value of the net economic benefit over the life of the asset/business.

Furthermore, the DCF approach measures the value of an enterprise owning a right of development based on the forecast and projected free cash flows (as opposed to profits) of the enterprise, discounted to the present date. This variation of the DCF approach places emphasis on the net cash generated by projects and/or the business, and assumes a fair discounted rate of return.

The DCF approach is also often used in the valuation of intangible assets, which includes the right of development, which can be reviewed as a separate cash generating unit on its own.

vii. Quantification of the adjusted Net Assets of KDSB based on the latest audited financial statements after taking into consideration the valuation of the development projects

The Directors of KDSB do not expect the valuation of the development projects would have any effect to the Net Assets of KDSB on the latest audit financial statements as the land held for development as shown as part of the non-current assets in the financial statements of KDSB will continued to be carried at cost less any accumulated impairment, if there is any, pursuant to the requirement of FRS 136, as recommended by paragraph 13 of FRS 201.

viii. The principal activities of Bestempire Limited

Bestempire Limited is an Investment Holding Company.

ix. Given that KDSB currently does not generate any profit, to justify the statement that “the Proposed Acquisition is expected to diversify the Company’s earnings base and contribute positively to the revenue and profitability of Halex and its subsidiaries in the future”

Notwithstanding that KDSB currently does not generate any profit, given the potential demand for residential and commercial properties, the relatively strategic location and accessibility of the Land and its contemplated development plans that intends to meet the market trends and demand, when launched is expected diversify the Company’s earnings base and contribute positively to the revenue and profitability of Halex and its subsidiaries in the future.

x. The effect of the Group’s gearing assuming that the Proposed Acquisitions will be fully financed by bank borrowings

For illustrative purposes only, based on the audited consolidated statement of financial position of Halex as at 30 September 2013 and on the assumption that the Proposed Acquisition is to be fully financed by bank borrowings and completed as at that date, the proforma effects of the Proposed Acquisition on the gearing of Halex Group is set out below:-

 

Audited as at

 30 September 2013

After the Proposed Acquisition

 

(RM’000)

(RM’000)

 

 

 

Interest-bearing borrowings

1,054

23,054

Gross gearing (times)

0.01

0.25

Net gearing (times)

Net cash

0.17

xi. To specify “all aspects” of the Proposed Acquisition, that were considered by the Board of Directors in arriving at its opinion that the Proposed Acquisition is in the best interest of the Company

The Board, after careful deliberation and taking into consideration of all aspects of the Proposed Acquisition, including but not limited to the rationale, financial effects, valuations, risk factors and mitigating measures and the prospects of the Proposed Acquisition is of the opinion that the Proposed Acquisition is in the best interests of the Halex Group.

This announcement is dated 30 April 2014.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



MEGB - OTHERS MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”) Proposed Renewal of Share Buy-Back Authority

Announcement Type: General Announcement
Company NameMASTERSKILL EDUCATION GROUP BERHAD  
Stock Name MEGB  
Date Announced30 Apr 2014  
CategoryGeneral Announcement
Reference NoCM-140429-7276

TypeAnnouncement
SubjectOTHERS
DescriptionMASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”)
Proposed Renewal of Share Buy-Back Authority

MEGB wishes to announce that it will be seeking its shareholders’ approval at its forthcoming Annual General Meeting to be convened on a date to be announced later for the following:

1. Proposed renewal of authority for the purchase by MEGB of its own shares of up to ten percent (10%) of the issued and paid-up share capital of MEGB ("Proposed Renewal of Share Buy-Back Authority").


A Statement to Shareholders containing information on the Proposed Renewal of Share Buy-Back Authority will be despatched to shareholders of the Company together with the Company’s Annual Report 2013 in due course.


This announcement is dated 30 April 2014.



HARTA - 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 NameHARTALEGA HOLDINGS BERHAD  
Stock Name HARTA  
Date Announced30 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-140428-0D994

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 RM0.50 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)
Acquired25/04/2014
300,000
 

Circumstances by reason of which change has occurredACQUIRED OF SHARES
Nature of interestDIRECT
Direct (units)60,693,500 
Direct (%)8.12 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change60,693,500
Date of notice28/04/2014

Remarks :
1)Percentage of acquisition of shares transacted = 0.04%
2)Form 29B was received on 30 April 2014


AFFIN - 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 NameAFFIN HOLDINGS BERHAD  
Stock Name AFFIN  
Date Announced30 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAH-140430-63954

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 RM1-00 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)
Disposed24/04/2014
100,000
 
Disposed25/04/2014
250,000
 

Circumstances by reason of which change has occurredDisposed
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)121,341,100 
Indirect/deemed interest (%) 
Total no of securities after change121,341,100
Date of notice28/04/2014

Remarks :
This announcement is dated 30 April 2014.

The Secretary of the Company received the Notices of Form 29B dated 25 April 2014 & 28 April 2014 on 30 April 2014


PRESBHD - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePRESTARIANG BERHAD  
Stock Name PRESBHD  
Date Announced30 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140430-52209

Particulars of substantial Securities Holder

NameKUMPULAN WANG PERSARAAN (DIPERBADANKAN)
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderKUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Aras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/04/2014
5,300
 
Acquired24/04/2014
4,400
 

Circumstances by reason of which change has occurredPurchase of share in open market by KWAP's Fund Manager
Nature of interestIndirect Interest
Direct (units)9,507,700 
Direct (%)4.32 
Indirect/deemed interest (units)1,835,000 
Indirect/deemed interest (%)0.83 
Total no of securities after change11,342,700
Date of notice29/04/2014

Remarks :
Shares held as at 24/04/2014:-

KWAP (direct) - 9,507,700 Ordinary Shares
Fund Managers (indirect) - 1,835,000 Ordinary Shares

The Company only received the Form 29B on 30 April 2014.


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