May 9, 2014

Company announcements: KLCC, YEELEE, DIGI, DESTINI, ECOWLD

KLCC - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKLCC PROPERTY HOLDINGS BERHAD  
Stock Name KLCC  
Date Announced9 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKP-140509-F73D8

Particulars of substantial Securities Holder

NameAmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Stapled Securities comprising of ordinary shares in KLCC Property Holdings Berhad stapled together with units in KLCC Real Estate Investment Trust.
Name & address of registered holderAmanahRaya Trustees Berhad-
Skim Amanah Saham Bumiputera
Tingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/05/2014
108,500
 

Circumstances by reason of which change has occurredPurchase of stapled securities
Nature of interestDirect
Direct (units)109,977,400 
Direct (%)6.0918 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change109,977,400
Date of notice06/05/2014

Remarks :
This notice is received on 9th May 2014.


KLCC - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKLCC PROPERTY HOLDINGS BERHAD  
Stock Name KLCC  
Date Announced9 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKP-140509-F0CD3

Particulars of substantial Securities Holder

NameAmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Stapled Securities comprising of ordinary shares in KLCC Property Holdings Berhad stapled together with units in KLCC Real Estate Investment Trust.
Name & address of registered holderAmanahRaya Trustees Berhad-
Skim Amanah Saham Bumiputera
Tingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired05/05/2014
135,000
 

Circumstances by reason of which change has occurredPurchase of stapled securities
Nature of interestDirect
Direct (units)109,868,900 
Direct (%)6.0858 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change109,868,900
Date of notice05/05/2014

Remarks :
This notice is received on 9th May 2014.


KLCC - OTHERS FIRST INTERIM DIVIDEND FOR FINANCIAL YEAR ENDING 31 DECEMBER 2014

Announcement Type: General Announcement
Company NameKLCC PROPERTY HOLDINGS BERHAD  
Stock Name KLCC  
Date Announced9 May 2014  
CategoryGeneral Announcement
Reference NoKP-140509-57526

TypeAnnouncement
SubjectOTHERS
DescriptionFIRST INTERIM DIVIDEND FOR FINANCIAL YEAR ENDING 31 DECEMBER 2014

The Board of KLCC Property Holdings Berhad ("KLCCP") wishes to announce that a First Interim Dividend of 3.73 sen per ordinary share for financial year ending 31 December 2014 will be paid on 18 June 2014 to the holders of KLCC Stapled Securities whose names appear in the Record of Depositors of the Company on 27 May 2014.



KLCC - Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameKLCC PROPERTY HOLDINGS BERHAD  
Stock Name KLCC  
Date Announced9 May 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoKP-140509-56913

EX-date23/05/2014
Entitlement date27/05/2014
Entitlement time05:00:00 PM
Entitlement subjectInterim Dividend
Entitlement descriptionFirst Interim Dividend of 3.73 sen per ordinary share, tax exempt under single tier system.
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 noTricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley CIty, Lingkaran Syed Putra
59200 Kuala Lumpur
Tel: 2264 3883
Payment date 18/06/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers27/05/2014 
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 Currency0.0373


KLCC - OTHERS Press Release - Unaudited Results for first quarter ended 31 March 2014.

Announcement Type: General Announcement
Company NameKLCC PROPERTY HOLDINGS BERHAD  
Stock Name KLCC  
Date Announced9 May 2014  
CategoryGeneral Announcement
Reference NoKP-140509-55808

TypeAnnouncement
SubjectOTHERS
DescriptionPress Release - Unaudited Results for first quarter ended 31 March 2014.

Please find attached the press release of unaudited results for the first quarter ended 31 March 2014 of KLCC Stapled Group.



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

Announcement Type: Financial Results
Company NameKLCC PROPERTY HOLDINGS BERHAD  
Stock Name KLCC  
Date Announced9 May 2014  
CategoryFinancial Results
Reference NoKP-140509-51407

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

Remarks :
The quaterly financial results for the current year individual quarter and cumulative quarter ended 31 March 2014 refer to the consolidated financial results of the KLCC Stapled Group. The preceding year individual quarter and cumulative quarter refer to KLCC Property Holdings Berhad ("KLCCP") group prior to the stapling exercise in May 2013.
  • 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
340,882
311,996
340,882
311,996
2Profit/(loss) before tax
243,687
206,511
243,687
206,511
3Profit/(loss) for the period
213,155
150,113
213,155
150,113
4Profit/(loss) attributable to ordinary equity holders of the parent
183,963
87,962
183,963
87,962
5Basic earnings/(loss) per share (Subunit)
10.19
9.42
10.19
9.42
6Proposed/Declared dividend per share (Subunit)
8.65
4.50
8.65
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 ($$)
6.4900
6.4800

Remarks :
The dividend per share for the current year individual quarter and cumulative quarter ended 31 March 2014 comprise of the following:-

(i) KLCCP- 3.73 sen per ordinary share.

(ii) KLCC Real Estate Investment Trust - 4.92 sen per unit.

The comparative figures for the preceding year individual quarter refer to dividend per share of KLCCP prior to the formation of stapled group.
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


YEELEE - OTHERS YEE LEE CORPORATION BHD. ("COMPANY") PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

Announcement Type: General Announcement
Company NameYEE LEE CORPORATION BHD  
Stock Name YEELEE  
Date Announced9 May 2014  
CategoryGeneral Announcement
Reference NoYL-140508-65285

TypeAnnouncement
SubjectOTHERS
DescriptionYEE LEE CORPORATION BHD. ("COMPANY")

PROPOSED RENEWAL OF EXISTING SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

The Board of Directors of Yee Lee Corporation Bhd wishes to announce that the Company intends to seek the approval of its shareholders at the forthcoming Forty-First Annual General Meeting on the Proposed Renewal of Existing Shareholders’ Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.

A Circular to Shareholders containing the details of the above proposal will be despatched to shareholders together with the Company’s Annual Report 2013 in due course.

This announcement is dated 9 May 2014.




DIGI - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameDIGI.COM BERHAD  
Stock Name DIGI  
Date Announced9 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140509-64542

Particulars of substantial Securities Holder

NameAmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.01 each
Name & address of registered holderAmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera
Tingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed07/05/2014
2,000,000
 

Circumstances by reason of which change has occurredSale of shares
Nature of interestDirect
Direct (units)422,204,500 
Direct (%)5.43 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change422,204,500
Date of notice07/05/2014

Remarks :
The Form 29B was received by the Company on 9 May 2014.


DESTINI - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced9 May 2014  
CategoryGeneral Announcement
Reference NoMI-140509-64401

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionDESTINI BERHAD ("DESTINI" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DESTINI ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of Destini, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake a private placement of up to 10% of the issued and paid-up share capital of Destini to third party investors to be identified later.
Further details on the Proposed Private Placement are set out in the attachment enclosed.


This announcement is dated 9 May 2014.


ECOWLD - OTHERS ECO WORLD DEVELOPMENT GROUP BERHAD (FORMERLY KNOWN AS FOCAL AIMS HOLDINGS BERHAD) (“EW BERHAD” OR “COMPANY”)- OFFER FOR THE ACQUISITION OF PROPERTY ON A PIECE OF LAND MEASURING 4,788 SQUARE METRES (APPROXIMATELY 1.18 ACRES) LOCATED AT 76-82 & 100 CHURCH STREET, PARRAMATTA, NEW SOUTH WALES (“NSW”) 2150, AUSTRALIA (“PROPERTY”)

Announcement Type: General Announcement
Company NameECO WORLD DEVELOPMENT GROUP BERHAD  
Stock Name ECOWLD  
Date Announced9 May 2014  
CategoryGeneral Announcement
Reference NoCS-140509-50580

TypeAnnouncement
SubjectOTHERS
DescriptionECO WORLD DEVELOPMENT GROUP BERHAD (FORMERLY KNOWN AS FOCAL AIMS HOLDINGS BERHAD) (“EW BERHAD” OR “COMPANY”)- OFFER FOR THE ACQUISITION OF PROPERTY ON A PIECE OF LAND MEASURING 4,788 SQUARE METRES (APPROXIMATELY 1.18 ACRES) LOCATED AT 76-82 & 100 CHURCH STREET, PARRAMATTA, NEW SOUTH WALES (“NSW”) 2150, AUSTRALIA (“PROPERTY”)

1. INTRODUCTION

The Board of Directors of EW Berhad (“Board”) has received a letter dated 9 May 2014 (“Offer Letter”) from Eco World Development Sdn Bhd (“EW Sdn Bhd”) offering to sell some properties located on a piece of land measuring 4,788 square metres or approximately 1.18 acres to EW Berhad (“Company” or “Group”) at the same price and on the same terms as that secured by EW Sdn Bhd from the Vendor (defined below).

The Property is located at 76-82 & 100 Church Street, Parramatta, NSW 2150, Australia and is envisaged to be redeveloped into a mixed residential and commercial development. It is located on the southern fringe of the Parramatta CBD Retail Precinct close to the Westfield Shopping Precinct, Railway Station and Bus Interchange.

2. DETAILS OF THE OFFER LETTER

The Offer Letter states that on 9 May 2014 the following agreements had been entered into in relation to the Property (“Agreements”):

(a) a contract of sale (“Contract of Sale”) between Menara Parramatta Pty Limited (“Vendor”) and Eco World Sydney Development Pty Ltd (“EW Sydney”), a company incorporated in Australia which is wholly-owned by Fortune Quest Group Ltd, a wholly-owned subsidiary of EW Sdn Bhd, whereby EW Sydney has agreed to purchase the Property from the Vendor for a purchase price of AUD 28,000,000;

(b) a development deed (“Development Deed”) between Menara Parramatta No. 2 Pty Ltd (“Manager”) and EW Sydney pursuant to which the Manager will apply to the relevant authority for permission and approval to carry out a development on the Property (“Development Consent”); and

(c) a guarantee and indemnity by EW Sdn Bhd in favour of the Vendor and the Manager to guarantee the performance by EW Sydney of its obligations under the Contract of Sale and Development Deed.

The Manager is a company related to the Vendor. If the Development Consent is obtained, EW Sydney is required to pay the Manager a fee of AUD 15,000,000 subject to the terms and conditions set out in the Development Deed.

3. RATIONALE

As part of  EW Berhad and its subsidiaries’s (“Group”) expansion plans, the Board had on 25 April 2014 announced a series of proposed acquisitions from EW Sdn Bhd and its subsidiaries along with a proposed subscription by the shareholders of EW Sdn Bhd in shares to be issued by the Company (hereafter referred to as “Corporate Exercise”). Upon completion of the Corporate Exercise, all of EW Sdn Bhd’s existing development assets will be integrated under EW Berhad and the shareholders of EW Sdn Bhd will become shareholders of EW Berhad.

The Group is also interested in exploring possibilities of expanding its business overseas and Sydney has been identified by management as a desirable location for such expansion. Nevertheless, any proposed acquisition will require the approval of the Board and if material, the approval of the Company’s shareholders is required. It is a key term of the Contract of Sale that the Vendor requires the purchase price to be fully settled by 30 May 2014. As such, it is not possible for EW Berhad to acquire the Property directly from the Vendor within the time-frame stipulated.

The Offer Letter states that EW Sdn Bhd, having evaluated the Property’s development prospects is of the view that it has good potential to serve as a strong and impactful debut project for a new development name seeking to establish itself in Sydney. Accordingly, EW Sdn Bhd proceeded to enter into the Agreements and will complete the Contract of Sale by 30 May 2014. In line with the Corporate Exercise and the intentions of EW Sdn Bhd’s shareholders to undertake all future development activities through the Company as a listed vehicle, EW Sdn Bhd is prepared to make the offer to EW Berhad to enable the Company to acquire the Property at the same price and on the same terms, subject to the approval of the Company’s shareholders being obtained (“Offer”). This will enable the Group to benefit fully from the Property’s development potential.

The Offer is valid for a period of one (1) month, subject to mutual extension from the date of the Offer Letter. The Board intends to deliberate the Offer at its upcoming meeting, taking into consideration the Group’s long term business plans and strategies and all relevant approvals required.

4. INTEREST OF DIRECTORS AND PERSONS CONNECTED TO THEM

The following Directors of EW Berhad and/or persons connected to them are deemed as Interested Directors (“Interested Directors”) in relation to the Offer:

(a) Tan Sri Abdul Rashid bin Abdul Manaf is a Director and major shareholder (via his interest in Eco World Development Holdings Sdn Bhd (formerly known as Maple Quay Sdn Bhd) (“EW Holdings”)) of EW Berhad and a Director and major shareholder (via his interest in EW Holdings) of EW Sdn Bhd;

(b) Dato’ Leong Kok Wah is a Director and major shareholder (via his interest in EW Holdings) of EW Berhad and a Director and major shareholder (via his interest in EW Holdings and Sinarmas Harta Sdn Bhd) of EW Sdn Bhd; and

(c) Tan Sri Dato’ Sri Liew Kee Sin, a Director of EW Berhad, being the father of Liew Tian Xiong, who is a Director and Major Shareholder of EW Berhad and a Director of EW Sdn Bhd.

Accordingly, Tan Sri Abdul Rashid bin Abdul Manaf, Dato’ Leong Kok Wah, Tan Sri Dato’ Sri Liew Kee Sin and Liew Tian Xiong will abstain from deliberating and voting on the Offer at the relevant Board meeting. 

As at 9 May 2014, Dato’ Chang Khim Wah and Heah Kok Boon are Directors of EW Berhad and Chief Executive Officer and Chief Financial Officer of EW Sdn Bhd, respectively (“Other Directors”). They do not hold any shares in EW Berhad and EW Sdn Bhd as at the announcement date. However, in view of their relationship with EW Berhad and EW Sdn Bhd, Dato’ Chang Khim Wah and Heah Kok Boon have voluntarily abstained and will continue to abstain from deliberating and voting on the Offer at the relevant Board meeting.

Should the Board approve the Offer, the Offer will be tabled for shareholders’ approval at an extraordinary general meeting (“EGM”) and the Interested Directors and Other Directors will abstain from deliberating and voting on the Offer at the EGM.

A detailed announcement in relation to the Offer will be made once the Board (other than the Interested Directors and Other Directors) has made a decision on the Offer.

This announcement is dated 9 May 2014.

 



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