Company announcements: MEGB, PUNCAK, PWROOT, LSTEEL

MEGB - MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”) - Reply to query on Agreement between MEGB and Ye XiaoQuan and Wu MinYing

Announcement Type: General Announcement

Company Name	MASTERSKILL EDUCATION GROUP BERHAD
Stock Name	MEGB
Date Announced	2 Apr 2014
Category	General Announcement
Reference No	CM-140402-9256D

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	ZO-140401-40261
Subject	MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”) - Reply to query on Agreement between MEGB and Ye XiaoQuan and Wu MinYing
Description	Reference is made to the query letter from Bursa Malaysia Securities Berhad dated 1 April 2014 in respect of the Company’s announcement on 31 March 2014 in relation to the Agreement between MEGB and Ye XiaoQuan and Wu MinYing. The Company hereby furnishes the additional information for public release. Please refer to the attachment for further details. This announcement is dated 2 April 2014.
Query Letter Contents	We refer to your Company's announcement dated 31 March 2014 in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1. The date of incorporation of Gayety Holdings Limited ("Gayety"). 2. Gayety's issued and paid-up share capital. 3. The date Gayety commenced its restaurants operation. 4. The net profit attributable to Gayety based on the latest audited financial statements. 5. The number of Gayety's restaurants in Hong Kong. 6. The salient terms of termination clause in the event of termination. 7. The basis of arriving at the consideration, other than on a "willing buyer willing seller" basis. If it was based on net assets, the year the net assets were taken into consideration, quantifying the net assets and stating whether it was based on audited financial statements. 8. The manner in which the consideration will be satisfied including the terms of any arrangement for payment on a deferred basis. 9. When will the total purchase consideration be paid. 10. To provide clarification on the statement, " MEGB wishes to expand into the growing Hong Kong and China markets as part of its plan to further enlarge the scope of its existing local education business to the two countries as well as scouting for opportunities to diversify into potential other investments in the region", the clarification should include as to how would the acquisition of Gayety which is principally involved in the operation of a chain of Chinese restaurants in Hong Kong would enable MEGB to expand its local education business in Hong Kong and China. 11. To elaborate on "Gayety has a comprehensive future development plan in China which is expected to boost its future earnings substantially ..." and to include the justifications and basis of the statement. 12. To state whether Gayety will be a wholly-owned subsidiary of MEGB upon completion of the transaction. 13. To state whether MEGB has adequate resources, including financial resources, expertise and knowledge to venture into food and catering business and to state justifications and basis of the statement. Please furnish Bursa Securities with your reply by TODAY. Yours faithfully SUZALINA HARUN Vice President, Issuers Listing Division Regulation ZO copy to:- General Manager & Head, Market Surveillance Department, Securities Commission (via fax)

Attachments Reply to Query-Investment in Gayety-final-a.pdf 136 KB

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PUNCAK - MATERIAL LITIGATION

Announcement Type: General Announcement

Company Name	PUNCAK NIAGA HOLDINGS BERHAD
Stock Name	PUNCAK
Date Announced	2 Apr 2014
Category	General Announcement
Reference No	PN-140402-63777

Type	Announcement
Subject	MATERIAL LITIGATION
Description	PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY") KUALA LUMPUR HIGH COURT SUIT NO: 22NCC-1478-09/2011 SYARIKAT BEKALAN AIR SELANGOR SDN BHD ("SYABAS") VS SELANGOR STATE GOVERNMENT & FEDERAL GOVERNMENT (THIRD PARTY) ("THE SUIT") - APPEAL BY PLAINTIFF TO THE COURT OF APPEAL
Reference is made to the Company's earlier announcements dated 8 September 2011, 9 September 2011, 22 September 2011, 10 October 2011,14 October 2011, 4 November 2011, 21 November 2011, 29 November 2011, 14 December 2011, 23 December 2011, 26 January 2012, 16 February 2012, 5 March 2012, 28 March 2012, 17 April 2012, 27 April 2012, 30 April 2012, 8 May 2012, 15 May 2012, 23 May 2012, 25 May 2012, 29 May 2012, 14 June 2012, 22 June 2012, 28 June 2012, 12 July 2012, 14 August 2012, 17 August 2012, 7 September 2012, 30 October 2012, 17 December 2012, 5 February 2013, 15 February 2013, 1 March 2013, 11 April 2013, 22 August 2013, 23 August 2013, 4 September 2013, 11 September 2013, 19 September 2013, 1 October 2013, 3 October 2013, 7 November 2013, 11 November 2013, 10 December 2013, 20 January 2014, 14 February 2014, 17 February 2014, 20 February 2014, 5 March 2014 and 2 April 2014 in relation to the Suit. The Company would like to update the Exchange that at the Hearing held today, the Court of Appeal allowed SYABAS’ appeal against the decision of the Kuala Lumpur High Court dated 13 February 2014 (which had dismissed SYABAS’ application to amend the Writ of Summons and re-amend the Statement of Claim to add CIMB Investment Bank Berhad as Co-Plaintiff) with costs of RM10,000.00. Further, on the application by SYABAS’ lead counsel, the Court of Appeal also ordered the trial to be heard de novo before another judge at court NCC5 of the Kuala Lumpur High Court. The Court of Appeal also allowed the Selangor State Government’s application to stay the Kuala Lumpur High Court proceedings pending the disposal of its proposed application for leave to appeal to the Federal Court against the decision of the Court of Appeal. The Court of Appeal made no order on SYABAS’ Notice of Motion to stay the Kuala Lumpur High Court proceedings pending appeal. This announcement is dated 2 April 2014.

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PWROOT - POWER ROOT BERHAD ("THE COMPANY") PROPOSED SHARE SWAPS AND PROPOSED PUT OPTION

Announcement Type: General Announcement

Company Name	POWER ROOT BERHAD
Stock Name	PWROOT
Date Announced	2 Apr 2014
Category	General Announcement
Reference No	C&-140402-69706

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	GG-140331-41239
Subject	POWER ROOT BERHAD (“THE COMPANY”) PROPOSED SHARE SWAPS AND PROPOSED PUT OPTION
Description	Reference is made to the query letter from Bursa Malaysia Securities Berhad dated 1 April 2014 in respect of the Company’s announcement on 28 March 2014 in relation to the "Proposed Share Swaps and Proposes Put Option". The Company hereby furnishes the additional information for public release. Please refer to the attachment for further details. This announcement is dated 2 April 2014.
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:- Basis and justification in arriving at the Share Swap ratio of 49% in SD versus 7% in PRME; To clarify when will the Grantee be exercising its Proposed Put Option; More details on the salient terms and conditions of Share Swaps Agreements and Put Option Agreement; To state the number of shares that Arthur Chin and Chay Hock Chang will hold in PRME upon completion of the Proposed Share Swaps; Rationale for the company to enter into the indefinite lifetime of the Put Option Agreement with the Grantee; The basis in which the issue price of the Consideration Shares will be determined; Additional information of SD and PRME in respect of (i) date of commencement business; (ii) revenue, profit after taxation, net assets, net book value and borrowings based on the latest audited accounts; and (iii) to be more specific on the trading of goods of SD and general trading of PRME respectively; Further justification on how it will result efficient administration when Power Root only increase its stake in PRME from 88% to 93%; To provide more clarity on the rationale for the Put Option; To be more specific on this statement "The quantum of Consideration Shares issued pursuant to the Proposed Put Option will be dependent on the quantum of the contributions of PRME to the Group"; Whether the Proposed Share Swaps and Proposed Put Option are conditional upon each other; To provide the breakdown of Wong Take Keong's directorships and shareholdings in SD, PRME and Power Root Nnergy Sdn Bhd respectively; To clarify how the ratios of 1.94% and 2.69% respectively are being arrived at; and An illustration on the number of Consideration Shares to be issued based on latest audited financial results of Power Root Group and PRME. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully HENG TECK HENG Vice President, Issuers Listing Division Regulation TGG c.c:- General Manager and Head, Market Surveillance, Securities Commission (via fax)

Attachments Bursa queries 010414.pdf 76 KB

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LSTEEL - 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 Name	LEADER STEEL HOLDINGS BERHAD
Stock Name	LSTEEL
Date Announced	2 Apr 2014
Category	Notice of Shares Buy Back by a Company Pursuant to Form 28A
Reference No	CC-140402-A7DD0

Date of buy back from	28/03/2014
Date of buy back to	28/03/2014
Currency	Malaysian Ringgit (MYR)
Total number of shares purchased (units)	200,000
Minimum price paid for each share purchased ($$)	0.293
Maximum price paid for each share purchased ($$)	0.293
Total amount paid for shares purchased ($$)	58,614.01
The name of the stock exchange through which the shares were purchased	Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)	200,000
Total number of shares retained in treasury (units)	600,000
Number of shares purchased which were cancelled (units)	0
Total issued capital as diminished	0
Date lodged with registrar of companies	02/04/2014
Lodged by	Boardroom Corporate Services (Penang) Sdn Bhd

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