PERDANA - MATERIAL LITIGATION
| Company Name | PERDANA PETROLEUM BERHAD |
| Stock Name | PERDANA |
| Date Announced | 17 Apr 2014 |
| Category | General Announcement |
| Reference No | CA-140417-37204 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | APPEAL ON HIGH COURT DECISION - Petra Perdana Berhad [now known as Perdana Petroleum Berhad (“PPB” or "the Company")] v 1. Tengku Dato’ Ibrahim Petra bin Tengku Indra Petra 2. Wong Fook Heng 3. Tiong Young Kong 4. Lee Mee Jiong (“Parties” |
Reference is made to the Company's announcements on 21 March 2014 where the Company announced the High Court’s decision that the Company was unsuccessful in the legal suit relating to the claims by the Company against the former directors and officers of the Company, namely Tengku Dato’ Ibrahim Petra bin Tengku Indra Petra, Wong Fook Heng, Tiong Young Kong and Lee Mee Jiong (collectively “the Parties”); arising from the divestment of 10,500,000 ordinary shares of RM0.50 each in Petra Energy Berhad by PPB to TA First Credit Sdn Bhd on 10 September 2009 and the divestment of 48,800,000 ordinary shares of RM0.50 each in Petra Energy Berhad by PPB as conducted by TA Securities Holdings Berhad on 11 December 2009 (“the Suit”). The Company wishes to inform that the Company has today filed a Notice of Appeal to the Court of Appeal on the decision of the Suit. This announcement is dated 17 April 2014 | |
PFCE - Change in Boardroom
| Company Name | PFCE BERHAD |
| Stock Name | PFCE |
| Date Announced | 17 Apr 2014 |
| Category | Change in Boardroom |
| Reference No | PP-140417-57115 |
| Date of change | 17/04/2014 |
| Name | Lee Peck Hung |
| Age | 56 |
| Nationality | Malaysian |
| Designation | Executive Director |
| Directorate | Executive |
| Type of change | Resignation |
| Reason | In view of the reverse take over exercise not proceeding, the said director is leaving the Group to focus on the acquiree company i.e. PFC Engineering Sdn Bhd |
| Details of any disagreement that he/she has with the Board of Directors | No |
| Whether there are any matters that need to be brought to the attention of the shareholders | No |
| Qualifications | Bachelor of Science (Industrial Engineering) from University of Manitoba, Canada |
| Working experience and occupation | not applicable |
| Directorship of public companies (if any) | nil |
| Family relationship with any director and/or major shareholder of the listed issuer | nil |
| Any conflict of interests that he/she has with the listed issuer | nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | nil |
PFCE - Change in Boardroom
| Company Name | PFCE BERHAD |
| Stock Name | PFCE |
| Date Announced | 17 Apr 2014 |
| Category | Change in Boardroom |
| Reference No | PP-140417-55002 |
| Date of change | 17/04/2014 |
| Name | Muammar Gadaffi bin Abu Talib |
| Age | 38 |
| Nationality | Malaysian |
| Designation | Director |
| Directorate | Non Independent & Non Executive |
| Type of change | Resignation |
| Reason | In view of the Revere Take Over exercise not proceeding, the said director is leaving the Group to focus on the acquiree company i.e. PFC Engineering Sdn Bhd |
| Details of any disagreement that he/she has with the Board of Directors | No |
| Whether there are any matters that need to be brought to the attention of the shareholders | No |
| Qualifications | Bachelor of Science in Operations Management from University of Colorado |
| Working experience and occupation | not applicable |
| Directorship of public companies (if any) | nil |
| Family relationship with any director and/or major shareholder of the listed issuer | 1.Muammar Gadaffi is a deemed major shareholder of the Company through PFC Engineering Sdn Bhd (PFCESB) who is a major shareholder of the Company holding 35,161,900 shares (37.01%) as he has 20% direct interest in PFCESB. 2.He is the son of Dato' Abu Talib bin Mohamed, who is a director and also a deemed major shareholder of the Company through PFCESB as Dato' Abu Talib has 80% direct interest in PFCESB. |
| Any conflict of interests that he/she has with the listed issuer | nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | PFCE Berhad - Indirect interest through PFC Engineering Sdn Bhd held under Mayban Securities Nominees (Tempatan) Sdn Bhd Pledged Securities Account for PFC Engineering Sdn Bhd - 35,161,900 shares (37.01%) |
PA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
| Company Name | P.A. RESOURCES BERHAD |
| Stock Name | PA |
| Date Announced | 17 Apr 2014 |
| Category | General Announcement |
| Reference No | CC-140417-69236 |
| Type | Announcement | ||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | ||||||
| Description | P.A. RESOURCES BERHAD ("PA" or "the Company") - NOTICE OF INTENTION TO DEAL IN COMPANY’S SHARES DURING CLOSED PERIOD | ||||||
Pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Dato' Ng Tong Hai, a Director of PA intends to deal in PA’s shares during the closed period prior to the targeted date of announcement of the quarterly results for the financial quarter ended 31 March 2014. His current holdings in the shares of PA is as per the table below:-
This announcement is dated 17 April 2014. | |||||||
DUFU - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS
| Company Name | DUFU TECHNOLOGY CORP. BERHAD |
| Stock Name | DUFU |
| Date Announced | 17 Apr 2014 |
| Category | General Announcement |
| Reference No | CA-140417-51897 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature (The Proposed Shareholders’ Mandate) |
The Board of
Directors of Dufu Technology Corp. Berhad (Dufu) wishes to advise that Dufu
will be convening an Extraordinary General Meeting (EGM) to seek its members'
approval for the Proposed Shareholders’ Mandate.
The Circular in
relation to the Proposed Shareholders’ Mandate will be sent to the members in
due course.
Please be informed accordingly. | |
BHS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | BHS INDUSTRIES BERHAD |
| Stock Name | BHS |
| Date Announced | 17 Apr 2014 |
| Category | General Announcement |
| Reference No | CA-140411-62808 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | BHS INDUSTRIES BERHAD (“BHS” OR THE “COMPANY”) (I) PROPOSED DISPOSAL BY BHS OF SEVEN (7) PARCELS OF LAND COMPRISING SIX (6) PARCELS OF FREEHOLD AGRICULTURAL LAND HELD UNDER LOT 1081 GM 1489, LOT 1082 GM 1488, LOT 1083 GM 1499, LOT 1085 GM 1504, LOT 462 GM 436 AND LOT 463 GM 1479, AND ONE (1) PARCEL OF FREEHOLD VACANT LAND HELD UNDER LOT 99 GRN 379407, ALL LOCATED IN MUKIM AND DISTRICT OF KOTA TINGGI AND STATE OF JOHOR, TO HARTA SISTEM SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM5,954,000; AND (II) PROPOSED DISPOSAL BY BHS OF THE ENTIRE EQUITY INTERESTS IN BHS RESOURCES PTE LTD, A WHOLLY-OWNED SUBSIDIARY OF BHS, TO HENG BOON SENG AND LIEW SAI YING FOR A TOTAL CASH CONSIDERATION OF SGD1,516,079 (EQUIVALENT TO RM3,931,648 (BASED ON THE BANK NEGARA MALAYSIA’S MIDDLE EXCHANGE RATE OF SINGAPORE DOLLAR 1.00: RM2.5933 AS AT 2 APRIL 2014)). (COLLECTIVELY REFERRED TO AS THE “PROPOSED DISPOSALS”) |
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 2 April 2014 in relation to the Proposed Disposals. We refer to the announcement dated 2 April 2014 in relation to the Proposed Disposals. The Board of Directors of BHS wishes to announce that pursuant to Chapter 10.04(3)(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the valuation reports of the Johor Land and Singapore Properties has been submitted to Bursa Malaysia Securities Berhad on 17 April 2014. The salient features of the valuation report are set out below: (a) Johor Land In arriving at the opinion of the market value of the Johor Land, Messrs. Henry Butcher Malaysia (Johor) Sdn Bhd (“Henry Butcher”) had appraised the Johor Land in its valuation report dated 4 April 2014 by using the Comparison Method of valuation. The Comparison Method is the market approach of comparing the subject property with similar properties that were either transacted recently or listed for sale within the same location or other comparable localities. In comparing properties, due consideration is given to factors such as location, accessibility, size, land zoning, improvements and amenities, time element and other relevant factors to arrive at the market value of the property. Henry Butcher had not applied other method i.e. Investment Method or Residual Method due to minimal income generated for Lot 1082 GM1488, Lot 1083 GM 1499 and Lot 1085 GM1504, no income/economic benefit generated for Lot 99 GRN 379407, Lot 1081 GM1489, Lot 462 GM 436 and Lot 463 GM1479, and no proposed development to the Johor Land. Nevertheless, Henry Butcher has taken into consideration the highest and the best use of the Johor Land as a potential land for industrial development as it is already zoned for industrial purpose. (b) Singapore Properties In arriving at the opinion of the market value of the Singapore Properties, Messrs. Knight Frank Pte Ltd (“Knight Frank”) had appraised the Singapore Properties in its valuation report dated 7 April 2014 using the Comparison Method. The Comparison Method seeks to determine the value of the industrial units by comparing recent transactions of comparable industrial units within the subject development to establish the fair market value of the property. Where there are sufficient and suitable transactions, the Comparison Method presents straightforward, market tested approach, and for this reason is preferred over the Capitalisation Approach (also known as Investment Method). The Comparison Method relies on the evidence of actual transactions done and is the best “test” of value being reflective of prevailing property market conditions and sentiment. Knight Frank has only relied upon one (1) method of valuation and has not applied Capitalisation Approach (also known as Investment Method) in this instance. In times of market volatility where transaction prices are trending ahead of rentals, this approach may result in a capital value that lags behind market transactions. A key assumption of this method is the capitalisation rate or yield and this is critical as a small difference in yield will result varying capital values. DOCUMENTS FOR INSPECTION The valuation reports of the Johor Land and Singapore Properties are available for inspection during normal office hours at the registered office of BHS Industries Berhad located at 802, 8th Floor, Block C, Kelana Square, 17 Jalan SS7/26, 47301 Petaling Jaya, Selangor Darul Ehsan during normal business hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 17 April 2014.
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GLOBALC - MATERIAL LITIGATION
| Company Name | GLOBAL CARRIERS BERHAD |
| Stock Name | GLOBALC |
| Date Announced | 17 Apr 2014 |
| Category | General Announcement |
| Reference No | CC-140417-60069 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | GLOBAL CARRIERS BHD ("GCB" or "the Company") KUALA LUMPUR HIGH COURT SUIT NO. 28NCC-194-03/2014 |
Further to the Company’s announcement made on 21 March 2014 in respect of the above matter, the Board of Directors of the Company wishes to announce that the High Court has fixed the hearing on 9 May 2014 at 9.00 a.m. at the High Court, Kuala Lumpur. The Company will announce further developments on the above matter accordingly. This announcement is dated 17 April 2014.
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EWEIN - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | EWEIN BERHAD |
| Stock Name | EWEIN |
| Date Announced | 17 Apr 2014 |
| Category | General Announcement |
| Reference No | CC-140414-62047 |
| Type | Announcement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Description | Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that the following Director has given notice of his dealing in the ordinary shares of Ewein Berhad during outside closed period as set out in the Table hereunder. This announcement is dated 17 April 2014. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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EWEIN - Changes in Director's Interest (S135) - Dato' Ewe Swee Kheng
| Company Name | EWEIN BERHAD |
| Stock Name | EWEIN |
| Date Announced | 17 Apr 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-140414-62656 |
Information Compiled By KLSE
Particulars of Director
| Name | Dato' Ewe Swee Kheng |
| Address | The Palazzo, Penthouse 29 Jalan Kelawai 10250 Penang |
| Descriptions(Class & nominal value) | Ordinary shares of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Others | 22,654,477 | 0.500 | |
Others | 22,654,477 | 0.000 | |
Acquired | 200,000 | 0.600 |
| Description of other type of transaction | Right Issue (Dato' Ewe Swee Kheng 25,000 Ordinary Shares and Hijauwasa Sdn. Bhd. 22,654,477 Ordinary Shares) Bonus Issue (Dato' Ewe Swee Kheng 25,000 Ordinary Shares and Hijauwasa Sdn. Bhd. 22,654,477 Ordinary Shares) |
| Circumstances by reason of which change has occurred | Acquisition |
| Nature of interest | Direct Interest and Deemed Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 300,000 |
| Direct (%) | 0.142 |
| Indirect/deemed interest (units) | 90,517,909 |
| Indirect/deemed interest (%) | 42.915 |
| Date of notice | 17/04/2014 |
| Remarks : |
| Total no. of ordinary shares held after the change : -registered in the name of Dato' Ewe Swee Kheng is 300,000 ordinary shares (0.142%) -registered in the name of Hijauwasa Sdn. Bhd. is 90,517,909 ordinary shares (42.915%) |
EWEIN - Changes in Sub. S-hldr's Int. (29B) - Dato' Ewe Swee Kheng
| Company Name | EWEIN BERHAD |
| Stock Name | EWEIN |
| Date Announced | 17 Apr 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140414-63019 |
Particulars of substantial Securities Holder
| Name | Dato' Ewe Swee Kheng |
| Address | The Palazzo, Penthouse 29 Jalan Kelawei 10250 Penang |
| NRIC/Passport No/Company No. | 680531-07-5573 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | Dato' Ewe Swee Kheng (300,000 Ordinary shares) The Palazzo, Penthouse 29 Jalan Kelawei 10250 Penang Hijauwasa Sdn. Bhd. (90,517,909 Ordinary shares) Suite 2-1, 2nd Floor Menara Penang Garden 42A, Jalan Sultan Ahmad Shah 10050 Penang |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Others | 07/04/2014 | 22,654,477 | 0.500 |
| Others | 07/04/2014 | 22,654,477 | 0.000 |
| Acquired | 14/04/2014 | 200,000 | 0.600 |
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