April 2, 2014

Company announcements: SKPRES, WATTA, HEXAGON, LIONFIB

SKPRES - SKP RESOURCES BERHAD ("SKPRES" OR "THE COMPANY") PROPOSED ACQUISITION OF LAND BY SYARIKAT SIN KWANG PLASTIC INDUSTRIES SDN BHD, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY FROM BRAND ORIGIN SDN BHD (“VENDOR”) (“PROPOSED ACQUISITION OF LAND”)

Announcement Type: General Announcement
Company NameSKP RESOURCES BHD  
Stock Name SKPRES  
Date Announced2 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140402-51481

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-140401-44442
SubjectSKP RESOURCES BERHAD ("SKPRES" OR "THE COMPANY") PROPOSED ACQUISITION OF LAND BY SYARIKAT SIN KWANG PLASTIC INDUSTRIES SDN BHD, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY FROM BRAND ORIGIN SDN BHD (“VENDOR”) (“PROPOSED ACQUISITION OF LAND”)
DescriptionSKP RESOURCES BERHAD ("SKPRES" OR "THE COMPANY") PROPOSED ACQUISITION OF LAND BY SYARIKAT SIN KWANG PLASTIC INDUSTRIES SDN BHD, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY FROM BRAND ORIGIN SDN BHD (“VENDOR”) (“PROPOSED ACQUISITION OF LAND”)
Query Letter Contents We refer to your Company's announcement dated 28 March 2014 in respect of the
above matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
To state the existing use of the Land.
To state the expected cost of building the factory and the source of funding.
To state the original cost of investment to the Vendor and the date of such
investment on the said Land.
To state the effect of the Proposed Acquisition of Land on the Net Assets,
Earnings, and Gearing of the Company for the financial year ending 31 March
2015.
To state the total amount transacted with the same related party for the
preceding 12 months.
To also make available the Valuation Certificate on the Land dated 27 March
2014 by PA International Property Consultants Sdn. Bhd. as one of the documents
for inspection.
To state the basis/justification for the Audit Committee's view on the
transaction.

Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully


SUZALINA HARUN
Vice President, Issuers
Listing Division
Regulation
WCY/NM
copy to:- General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax)

The Board of Directors of SKPRES wishes to announce the following additional information pertaining to the above-captioned Proposed Acquisition of Land, in reply to the query letter from Bursa Malaysia Securities Berhad dated 1 April 2014:

1. The Land is currently vacant.

2. The Company is still in the midst of working on the cost of building the factory and the source of funding.

3. The original cost of investment to the Vendor was RM6,718,000 and the date of such investment on the said Land is 15 July 2013.

4. The Proposed Acquisition of Land will not have any material effect on the net assets, earnings and gearing of the Company for the financial year ending 31 March 2015.

5. Save for the Proposed Acquisition of Land with the Vendor, there is no other transaction with the Vendor for the preceding 12 months.

6. The Valuation Certificate on the Land dated 27 March 2014 by PA International Property Consultants Sdn. Bhd. ("PA") will be made available as one of the documents for inspection at our Registered Office.

7. The Audit Committee, having considered the Valuation Report from PA, is of the opinion that the Purchase Price offered by the Vendor is fair, reasonable and transacted at an arm’s length basis.

 

 


WATTA - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameWATTA HOLDING BERHAD  
Stock Name WATTA  
Date Announced2 Apr 2014  
CategoryChange in Audit Committee
Reference NoWH-140402-51114

Date of change01/04/2014
NameLEE TAK WING
Age59
NationalityMALAYSIAN
Type of changeRedesignation
Previous PositionMember of Audit Committee
New PositionChairman of Audit Committee
DirectorateIndependent & Non Executive
QualificationsDiploma in accounting and Business Studies from Goons College Petaling Jaya in 1974 and Diploma in Strategic Marketing Management in singapore Institute of Management in 1991. Attended Wharton School of Business US Executive Progam in hong Kong in 1993. 
Working experience and occupation His first career was in the banking industry where he spent 8 years in UMBC Bhd. He then moved into commercial sectors where he held various senior positions and roles. in 1990, he joined Nokia Mobile in Singapore as Regional Manager responsible for Hong Kong, Taiwan and Phillipines markets. He was relocated to Hong Kong in 1991 and promoted to Sales General Manager responsible for China market. He was relocated back to Malaysia in 1996 and promoted to Country Manager. He was appointed as Managing Director for Nokia Malaysia in 2003. In 2006, he ventures into consultancy services.
 
Directorship of public companies (if any)NIL 
Family relationship with any director and/or major shareholder of the listed issuerNIL 
Any conflict of interests that he/she has with the listed issuerNIL 
Details of any interest in the securities of the listed issuer or its subsidiariesNIL 
Composition of Audit Committee (Name and Directorate of members after change)Lee Tak Wing (Independent Non-Executive Director/ Audit Committee Chairman)
Gan Leng Swee (Senior Independent Non-Executive Director/ Audit Committee Member)
Haji Ahmad Bin Darus (Independent Non-Executive Director/ Audit Committee Member)

Remarks :
Lee Tak Wing, an Independent Non-Executive Director and member of Audit Committee("AC") has been re-designated as the chairman of AC on 1 April 2014


WATTA - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameWATTA HOLDING BERHAD  
Stock Name WATTA  
Date Announced2 Apr 2014  
CategoryChange in Audit Committee
Reference NoWH-140402-50809

Date of change01/04/2014
NameGAN LENG SWEE
Age63
NationalityMALAYSIAN
Type of changeRedesignation
Previous PositionChairman of Audit Committee
New PositionMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsBachelor of Economics from University of Malaya in 1974. 
Working experience and occupation His first career was with Citibank in 1974 and progressed to the position of Assistant Vice President for Institutional Banking Group. From 1984 to 1986, he was the Asean Representative for Dow MBF Ltd. Hong Kong and concurrently General Manager of MBF Leasing Sdn Bhd. Prior to joining Oversea Union Bank, Singapore in 1987 as the head othe Credit Review Unit (Audit & Inspection), he was a Senior Credit Manager od Oriental Bank Berhad. From 1990 to 1991, he was the Dealer's Representative (Institutional Sales) with G.K. Goh (Stockbrokers) Pte. Ltd. He formed his private management consultancy practice name Citation Corporate Concepts Pte. Ltd. Singapore from 1991 till 1998. On a contract basis from November 1998 to November 1999, he was the Deputy President/ Chief Operating Officer for Kappel Bank Phillipines. 
Directorship of public companies (if any)NIL 
Family relationship with any director and/or major shareholder of the listed issuerNIL 
Any conflict of interests that he/she has with the listed issuerNIL 
Details of any interest in the securities of the listed issuer or its subsidiariesNIL 
Composition of Audit Committee (Name and Directorate of members after change)Lee Tak Wing (Independent Non-Executive Director/ Audit Committee Chairman)
Gan Leng Swee (Senior Independent Non-Executive Director/ Audit Committee Member)
Haji Ahmad Bin Darus (Independent Non-Executive Director/ Audit Committee Member)

Remarks :
Gan Leng Swee, an Independent Non-Executive Director and the Chairman of Audit Committee ("AC") has been re-designated as the member of AC on 1 April 2014.


HEXAGON - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHEXAGON HOLDINGS BHD  
Stock Name HEXAGON  
Date Announced2 Apr 2014  
CategoryGeneral Announcement
Reference NoCM-140402-63289

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHEXAGON HOLDINGS BERHAD (“HHB” or the “Defendant”) Writ of Summon and Statement of Claim by Bank Muamalat Malaysia Berhad (“BMMB” or the “Plaintiff”)

Further to the announcements made on 6 August 2013, 21 August 2013, 28 August 2013, 11 September 2013, 8 November 2013, 12 November 2013 and 19 February 2014 and also the Hearing held on 12 November 2013 and 1 April 2014, the Board of Directors of HHB wishes to announce that the Appeal has been dismissed by the Court.

HHB is currently seeking legal advice as regards to the merit to apply for leave to appeal to the Federal Court before the solicitors can appeal against the Court of Appeal decision.

Further announcement on the material development of the above matter will be made in due course.

This announcement is dated 2 April 2014.



HEXAGON - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHEXAGON HOLDINGS BHD  
Stock Name HEXAGON  
Date Announced2 Apr 2014  
CategoryGeneral Announcement
Reference NoCM-140402-43808

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHEXAGON HOLDINGS BERHAD (“HHB” or “Defendant”) Writ and Statement of Claim from Prima Uno Berhad (“Prima Uno”) and Malaysian Trustees Berhad (“MTB”) (collectively known as “Plaintiff”)


LIONFIB - Changes in Director's Interest (S135) - TAN SRI CHENG HENG JEM

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameLION FOREST INDUSTRIES BERHAD  
Stock Name LIONFIB  
Date Announced2 Apr 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoLF-140402-620CC

Information Compiled By KLSE

Particulars of Director

NameTAN SRI CHENG HENG JEM
AddressA-16-1, Blok A, Satu Residensi, No. 1 Jalan Nagasari (Off Jalan Raja Chulan), 50200 Kuala Lumpur
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)
Disposed
27/03/2014
5,600
1.050 

Circumstances by reason of which change has occurredDisposal of 5,600 ordinary shares of RM1.00 each in Lion Forest Industries Berhad (negligible percentage) by Umatrac Enterprises Sdn Bhd, a company in which Tan Sri Cheng Heng Jem has a substantial interest.
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)400 
Direct (%)0.0002 
Indirect/deemed interest (units)176,661,348 
Indirect/deemed interest (%)76.29 
Date of notice02/04/2014


LIONFIB - Changes in Sub. S-hldr's Int. (29B) - DYNAMIC HORIZON HOLDINGS LIMITED

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLION FOREST INDUSTRIES BERHAD  
Stock Name LIONFIB  
Date Announced2 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLF-140402-620CB

Particulars of substantial Securities Holder

NameDYNAMIC HORIZON HOLDINGS LIMITED
AddressP.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands
NRIC/Passport No/Company No.1742985
Nationality/Country of incorporationBritish Virgin Islands
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderUmatrac Enterprises Sdn Bhd
Level 14, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed27/03/2014
5,600
 

Circumstances by reason of which change has occurredBy virtue of Section 6A(4)(c)
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change174,201,625
Date of notice02/04/2014


LIONFIB - Changes in Sub. S-hldr's Int. (29B) - TAN SRI CHENG HENG JEM

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLION FOREST INDUSTRIES BERHAD  
Stock Name LIONFIB  
Date Announced2 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLF-140402-620CA

Particulars of substantial Securities Holder

NameTAN SRI CHENG HENG JEM
AddressA-16-1, Blok A, Satu Residensi, No. 1 Jalan Nagasari (Off Jalan Raja Chulan), 50200 Kuala Lumpur
NRIC/Passport No/Company No.430319-71-5033
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderUmatrac Enterprises Sdn Bhd
Level 14, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed27/03/2014
5,600
 

Circumstances by reason of which change has occurredBy virtue of Section 6A(4)(c)
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change176,658,687
Date of notice02/04/2014


LIONFIB - Changes in Sub. S-hldr's Int. (29B) - TAN SRI CHENG YONG KIM

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLION FOREST INDUSTRIES BERHAD  
Stock Name LIONFIB  
Date Announced2 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLF-140402-620C8

Particulars of substantial Securities Holder

NameTAN SRI CHENG YONG KIM
Address1103 Apartment Desa Kudalari, Lorong Kuda, Jalan Tun Razak, 50450 Kuala Lumpur
NRIC/Passport No/Company No.500202-66-5029
Nationality/Country of incorporationPermanent Resident in Malaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderUmatrac Enterprises Sdn Bhd
Level 14, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed27/03/2014
5,600
 

Circumstances by reason of which change has occurredBy virtue of Section 6A(4)(c)
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change174,356,530
Date of notice02/04/2014


LIONFIB - Changes in Sub. S-hldr's Int. (29B) - LLB STEEL INDUSTRIES SDN BHD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLION FOREST INDUSTRIES BERHAD  
Stock Name LIONFIB  
Date Announced2 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLF-140402-620C7

Particulars of substantial Securities Holder

NameLLB STEEL INDUSTRIES SDN BHD
AddressLevel 14, Office Tower, No. 1 Jalan Nagasari (Off Jalan Raja Chulan), 50200 Kuala Lumpur
NRIC/Passport No/Company No.181084H
Nationality/Country of incorporationIncorporated in Malaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderUmatrac Enterprises Sdn Bhd
Level 14, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed27/03/2014
5,600
 

Circumstances by reason of which change has occurredBy virtue of Section 6A(4)(c)
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change174,201,625
Date of notice02/04/2014


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