April 21, 2014

Company announcements: OSK, HYTEXIN, ORNA, AIRASIA, AXREIT

OSK - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameOSK HOLDINGS BERHAD  
Stock Name OSK  
Date Announced21 Apr 2014  
CategoryGeneral Meetings
Reference NoCS-140418-37471

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting21/04/2014
Time02:30 PM
VenueAuditorium,
11th Floor, Plaza OSK,
Jalan Ampang, 50450 Kuala Lumpur
Outcome of Meeting

The Board of Directors of OSK Holdings Berhad ("OSKH") wishes to announce that all the resolutions tabled at the Twenty-Fourth Annual General Meeting ("24th AGM") of the Company held on 21 April 2014 were duly passed by the shareholders, including the re-election and re-appointment of Directors as set out in the Notice of 24th AGM.

The Board of Directors of OSKH now comprises the following:-

1) Dato' Nik Mohamed Din bin Datuk Nik Yusoff - Non-Independent Non-Executive Chairman
2) Tan Sri Ong Leong Huat @ Wong Joo Hwa -
Chief Executive Officer / Group Managing Director
3) Mr. Foo San Kan - Senior Independent Non-Executive Director
4) Dato' Abdul Majit Bin Ahmad Khan - Independent Non-Executive Director
5) Dr. Ngo Get Ping - Independent Non-Executive Director

This announcement is dated 21 April 2014.



HYTEXIN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced21 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140421-62094

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHYTEX INTEGRATED BERHAD (“HIB” OR “THE COMPANY”)
- COURT OF APPEAL, APPEAL NO. W-02-1064-05/2013
[KUALA LUMPUR HIGH COURT CIVIL SUIT NO. S-22-879-2009 TENAGA NASIONAL BERHAD VS HYTEX GARMENTS (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF HIB]

The Board of HIB wishes to inform that pursuant to the case management on 11 April 2014, the Court of Appeal had informed that Tenaga Nasional Berhad (“the Appellant”) was requested to forward certain documents to the Court of Appeal.

In respect of the aforesaid decision, the Court of Appeal has fixed the case for further case management on 9 May 2014.

Further development on the above matter will be announced to Bursa Malaysia Securities Berhad as and when necessary.

This announcement is dated 21 April 2014.



ORNA - OTHERS ORNAPAPER BERHAD (“ORNA”) (I) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE AND PROPOSED NEW SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (II) PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES (COLLECTIVELY KNOWN AS “PROPOSALS”)

Announcement Type: General Announcement
Company NameORNAPAPER BERHAD  
Stock Name ORNA  
Date Announced21 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140421-62071

TypeAnnouncement
SubjectOTHERS
DescriptionORNAPAPER BERHAD (“ORNA”)
(I) PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE AND PROPOSED NEW SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
(II) PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES
(COLLECTIVELY KNOWN AS “PROPOSALS”)

The Board of Directors of ORNA wishes to inform that the Company intends to seek for its shareholders' approval for the following proposals at the forthcoming Annual General Meeting of the Company:-

(i) Proposed Renewal of Existing Shareholders' Mandate and New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature; and

(ii) Proposed Renewal of Authority for the Company to Purchase its Own Shares.

A Circular to the Shareholders containing information on the abovementioned Proposals will be despatched to the shareholders of the Company in due course.

This announcement is dated 21 April 2014.

 



AIRASIA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameAIRASIA BERHAD  
Stock Name AIRASIA  
Date Announced21 Apr 2014  
CategoryGeneral Announcement
Reference NoCM-140421-3B278

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionINTENTION TO DEAL BY DIRECTOR IN SECURITIES OF AIRASIA BERHAD DURING CLOSED PERIOD

Pursuant to Paragraph 14.08(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, AirAsia Berhad ("AirAsia") wishes to announce that Datuk Kamarudin Bin Meranun, a Non-Independent Executive Chairman of AirAsia, intends to deal in the securities of AirAsia during the closed period prior to the release of the First Quarter results for the year 2014.

The total number of securities held by Datuk Kamarudin Bin Meranun as at 21 April 2014 is as follows:-

Type of shareholding

Number of Ordinary Shares of RM0.10 each in the Company

% of the Company's issued capital

Direct

2,000,000

0.07

Indirect interest

Tune Air Sdn. Bhd. (“TASB”)*

640,608,382

23.03

Total

642,608,382

23.10

* inclusive of shares held by Cimsec Nominees (Tempatan) Sdn. Bhd., HSBC Nominees (Tempatan) Sdn. Bhd., Citigroup Nominees (Tempatan) Sdn. Bhd. and Kenanga Nominees (Tempatan) Sdn. Bhd. for TASB.

This announcement is dated 21st day of April, 2014.



AIRASIA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameAIRASIA BERHAD  
Stock Name AIRASIA  
Date Announced21 Apr 2014  
CategoryGeneral Announcement
Reference NoCM-140421-3B26D

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionINTENTION TO DEAL BY DIRECTOR IN SECURITIES OF AIRASIA BERHAD DURING CLOSED PERIOD

Pursuant to Paragraph 14.08(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, AirAsia Berhad ("AirAsia") wishes to announce that Tan Sri Dr. Anthony Francis Fernandes, a Non-Independent Executive Director and Group Chief Executive Officer of AirAsia, intends to deal in the securities of AirAsia during the closed period prior to the release of the First Quarter results for the year 2014.

The total number of securities held by Tan Sri Dr. Anthony Francis Fernandes as at 21 April 2014 is as follows:

Type of shareholding

Number of Ordinary Shares of RM0.10 each in the Company

% of the Company's issued capital

Direct

1,600,000

0.06

Indirect interest

Tune Air Sdn. Bhd. (“TASB”)*

640,608,382

23.03

Total

642,208,382

23.09

* inclusive of shares held by Cimsec Nominees (Tempatan) Sdn. Bhd., HSBC Nominees (Tempatan) Sdn. Bhd., Citigroup Nominees (Tempatan) Sdn. Bhd. and Kenanga Nominees (Tempatan) Sdn. Bhd. for TASB.

This announcement is dated 21st day of April, 2014.



AXREIT - OTHERS DISTRIBUTION OF RM10.952 MILLION GAIN ON DISPOSAL OF AXIS PLAZA TO UNITHOLDERS

Announcement Type: General Announcement
Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT  
Date Announced21 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140418-67916

TypeAnnouncement
SubjectOTHERS
DescriptionDISTRIBUTION OF RM10.952 MILLION GAIN ON DISPOSAL OF AXIS PLAZA TO UNITHOLDERS

The Board of Directors of Axis REIT Managers Berhad, the management company ("Manager") of Axis Real Estate Investment Trust ("Axis-REIT" or "the Fund"), wishes to announce that the disposal of Axis Plaza completed on 25 March 2014 has resulted in a total realised gain on disposal of RM10,952,000 ("Gain on Disposal") which is represented by the gain on disposal of RM1,614,000 and realisation of unrealised income* of RM9,338,000. The Gain on Disposal translates to additional income distribution of 2.37 sen per unit.

In ensuring stability of the Fund's income distribution payment, the Manager is pleased to announce that the Gain on Disposal will be distributed in three (3) tranches as part of the interim income distributions to be payable in year 2014 as follows:

Income Distribution Distribution of Gain on Disposal (RM)Additional distribution per unit (based on unit capital as at 21 April 2014 of 461,239,089 units)
1st interim 20143.690 million0.80 sen
2nd interim 20143.690 million0.80 sen
3rd interim 20143.572 million 0.77 sen
Total 10.952 million 2.37 sen

Note
*realisation of unrealised income - recognition of prior years' unrealised fair value gain on market value of Axis Plaza as realised income upon disposal.

This announcement is dated 21 April 2014.




AXREIT - OTHERS RECURRENT AND OPTIONAL INCOME DISTRIBUTION REINVESTMENT PLAN (“IDRP”) APPLICABLE TO 2014 FIRST INTERIM INCOME DISTRIBUTION

Announcement Type: General Announcement
Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT  
Date Announced21 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140417-65008

TypeAnnouncement
SubjectOTHERS
DescriptionRECURRENT AND OPTIONAL INCOME DISTRIBUTION REINVESTMENT PLAN (“IDRP”) APPLICABLE TO 2014 FIRST INTERIM INCOME DISTRIBUTION

On 21 April 2014, the Board of Directors of Axis REIT Managers Berhad (“Board”), the management company of Axis Real Estate Investment Trust (“Axis-REIT”) (“Manager”), has announced the quarterly results for the financial period ended 31 March 2014 and proposed a first interim income distribution in respect of the period from 1 January 2014 to 31 March 2014 of 5.30 sen per unit (of which 4.42 sen per unit is taxable and 0.88 sen per unit is non-taxable in the hands of unitholders) (“2014 First Interim Income Distribution”).

The Board has determined that the IDRP, which allows unitholders of Axis-REIT to reinvest their income distribution in new units, will apply to the 2014 First Interim Income Distribution, in which the gross electable portion of 2.20 sen per unit out of the 2014 First Interim Income Distribution of 5.30 sen per unit (which is taxable in the hands of unitholders) (“Electable Portion”) can be elected to be reinvested in new units and the remaining portion of 3.10 sen per unit (of which 2.22 sen per unit is taxable and 0.88 sen per unit is non-taxable in the hands of unitholders) will be paid in cash.

The IDRP also provides the unitholders the option to reinvest the entire Electable Portion or part of the Electable Portion based on the proportion as determined by the Board. In this regard, the Board has also determined the proportion of the Electable Portion in which the unitholders can elect to reinvest in new units will be 1.10 sen per unit (which is taxable in the hands of unitholders) of the Electable Portion, and the remaining 1.10 sen per unit (which is taxable in the hands of unitholders) of the Electable Portion will be paid in cash. If the unitholders elect not to participate in the IDRP, then the Electable Portion will be paid wholly in cash.

The Board wishes to announce that the issue price of new units to be issued pursuant to the IDRP applicable to the 2014 First Interim Income Distribution has been fixed today (“Price Fixing Date”) at RM3.20 per new unit. The issue price is based on the five (5)-day volume weighted average market price (“VWAMP”) of the units up to and including 18 April 2014, being the last trading day immediately prior to the Price Fixing Date of RM3.4005 per unit, and after adjusting for a discount of RM0.2005 which is approximately 5.9% discount to the five (5)-day VWAMP of RM3.4005 per unit.

The Board has also announced on even date that the book closure date pursuant to the 2014 First Interim Income Distribution and the IDRP has been fixed for 6 May 2014.

Barring any unforeseen circumstances, the new units arising from the exercise of IDRP will be listed on the Main Market of Bursa Malaysia Securities Berhad on 16 June 2014.

This announcement is dated 21 April 2014.


AXREIT - Income Distribution

Announcement Type: Entitlements (Notice of Book Closure)
Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT  
Date Announced21 Apr 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoCC-140417-64356

EX-date02/05/2014
Entitlement date06/05/2014
Entitlement time04:00:00 PM
Entitlement subjectIncome Distribution
Entitlement descriptionFirst Interim Income Distribution of 5.30 sen per unit (of which 4.42 sen per unit is taxable and 0.88 sen per unit is non-taxable in the hands of unitholders) in respect of the period from 1 January 2014 to 31 March 2014 ("2014 First Interim Income Distribution")
Period of interest payment to
Financial Year End31/12/2014
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noSymphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Telephone no. 03-7841 8000
Payment date 13/06/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers06/05/2014 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.053

Remarks :
On 21 April 2014, the Board of Directors of Axis REIT Managers Berhad (“Board”), the management company of Axis Real Estate Investment Trust (“Axis-REIT”), has announced the quarterly results for the financial period ended 31 March 2014 and proposed the abovesaid 2014 First Interim Income Distribution.

The Board has determined that the income distribution reinvestment plan ("IDRP"), which allows unitholders of Axis-REIT to reinvest their income distribution in new units, will apply to the 2014 First Interim Income Distribution.

Please refer to the separate announcement on 'Recurrent and Optional IDRP applicable to 2014 First Interim Income Distribution' dated 21 April 2014 for the details of the IDRP.

This announcement is dated 21 April 2014.


AXREIT - OTHERS FINANCIAL PERFORMANCE FOR THE FIRST QUARTER ENDED 31 MARCH 2014

Announcement Type: General Announcement
Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT  
Date Announced21 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140417-63723

TypeAnnouncement
SubjectOTHERS
DescriptionFINANCIAL PERFORMANCE FOR THE FIRST QUARTER ENDED 31 MARCH 2014

The slides as attached provide an overview of Axis Real Estate Investment Trust's financial performance for the first quarter ended 31 March 2014 and its portfolio of properties.



AXREIT - Quarterly rpt on consolidated results for the financial period ended 31/3/2014

Announcement Type: Financial Results
Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT  
Date Announced21 Apr 2014  
CategoryFinancial Results
Reference NoCC-140417-62023

Financial Year End31/12/2014
Quarter1
Quarterly report for the financial period ended31/03/2014
The figureshave not been audited

Attachments

1Q2014 Announcement.pdf
373 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2014
31/03/2013
31/03/2014
31/03/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
35,596
35,007
35,596
35,007
2Profit/(loss) before tax
22,391
20,875
22,391
20,875
3Profit/(loss) for the period
22,391
20,875
22,391
20,875
4Profit/(loss) attributable to ordinary equity holders of the parent
22,391
20,875
22,391
22,875
5Basic earnings/(loss) per share (Subunit)
4.85
4.57
4.85
4.57
6Proposed/Declared dividend per share (Subunit)
5.30
4.50
5.30
4.50


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
2.2317
2.2302

Remarks :
Included in the basic earnings per unit for the quarter ended 31/03/2014 of 4.85 sen (2013 : 4.57 sen) per unit under item 5 above includes an unrealised basic earnings per unit of 0.01 sen (2013 : 0.07 sen) per unit, which is non-distributable.
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


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