May 19, 2014

Company announcements: MYETFDJ, MYETFID, HYTEXIN, AFFIN, UMWOG, PDZ, SIGN, HARNLEN, RCECAP, ITRONIC

MYETFDJ - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25  
Stock Name MYETFDJ  
Date Announced19 May 2014  
CategoryGeneral Announcement
Reference NoMD-140519-67339

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 19-05-2014
Fund: MYETFDJ
NAV per unit (RM): 1.1975
Units in Circulation (units): 253,900,000
Manager's Fee (%p.a): 0.40
Trustee's Fee (%p.a): 0.05
License Fee (%p.a): 0.04
DJIM25 Index: 1,070.23

 



MYETFID - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameMYETF MSCI MALAYSIA ISLAMIC DIVIDEND  
Stock Name MYETFID  
Date Announced19 May 2014  
CategoryGeneral Announcement
Reference NoMM-140519-67725

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionMYETF MSCI MALAYSIA ISLAMIC DIVIDEND - Valuation Point as at 19-05-2014
Fund: MYETFID
NAV per unit (RM): 1.0446
Units in Circulation (units): 21,600,000
Manager's Fee (%p.a): 0.40
Trustee's Fee (%p.a): 0.045
License Fee (%p.a): 0.06
MSCI Malaysia IMI Islamic HDY 10/40 Index: 2,439.04

 



HYTEXIN - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced19 May 2014  
CategoryGeneral Announcement
Reference NoCS-140519-66099

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionHYTEX INTEGRATED BERHAD ("HIB" OR "THE COMPANY")
- WINDING-UP PETITION BY UNITED OVERSEAS BANK (MALAYSIA) BERHAD ("PETITIONER") SERVED ON HIB AND HYTEX APPARELS SDN. BHD. ("HASB"), A WHOLLY-OWNED SUBSIDIARY OF HIB (“WINDING-UP PETITION”)

In the High Court of Malaya at Kuala Lumpur Commercial Division (Companies (Winding Up) No: 28NCC-884-10/2013)

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 16 October 2013 in relation to the Winding-Up Petition.

Further to the Company’s announcements made on 16 October 2013, 22 October 2013, 15 November 2013, 21 November 2013, 10 December 2013, 17 December 2013, 31 March 2014 and the Company’s announcements made on 23 December 2013, 20 March 2014, 24 March 2014, 27 March 2014, 31 March 2014 and 19 May 2014 in respect of the Restraining Order, the Board of Directors of the Company wishes to announce that on 19 May 2014, the solicitors of the Company had applied for an adjournment of both Winding-up Petition against HIB and HASB (“Winding-Up Petitions”) on the grounds that an application for and extension of the Restraining Order had been filed with the Court on 16 May 2014 pending the implementation of a restructuring scheme. However, the Court disallowed the application to adjourn and gave an order in terms of prayers (a), (b) and (c) of the Winding-Up Petitions as follows:-

(a) Both HIB and HASB be wound up by the Court;

(b) Heng Ji Keng and Andrew Heng be appointed Joint and Several Liquidators of both HIB and HASB; and

(c) Costs of and incidental to the winding-up be taxed by the proper officer of the Court and paid by the Liquidators out of the assets of both HIB and HASB.

In view that an application for the extension of the Restraining Order had been filed on 16 May 2014 and was scheduled for hearing on 23 May 2014, the Company intends to file an application for a stay of the winding-up order pursuant to Section 243 of the Companies Act, 1965 as soon as possible.

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

This announcement is dated 19 May 2014.



AFFIN - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameAFFIN HOLDINGS BERHAD  
Stock Name AFFIN  
Date Announced19 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAH-140519-68235

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/05/2014
43,400
 
Disposed07/05/2014
97,200
 
Disposed08/05/2014
69,100
 
Disposed09/05/2014
74,300
 
Disposed12/05/2014
202,300
 
Disposed14/05/2014
50,000
 

Circumstances by reason of which change has occurredDisposed
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)120,556,300 
Indirect/deemed interest (%) 
Total no of securities after change120,556,300
Date of notice15/05/2014

Remarks :
This announcement is dated 19 May 2014.

The Secretary of the Company received the Notices of Form 29B dated 7 May 2014, 8 May 2004, 9 May 2014, 12 May 2014, 14 May 2014 and 15 May 2014 on 19 May 2014


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

Announcement Type: Financial Results
Company NameUMW OIL & GAS CORPORATION BERHAD  
Stock Name UMWOG  
Date Announced19 May 2014  
CategoryFinancial Results
Reference NoUO-140516-40144

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

Attachments

UMWOG - Q1 FY 2014.pdf
3585 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
195,573
0
195,573
0
2Profit/(loss) before tax
58,303
0
58,303
0
3Profit/(loss) for the period
54,158
0
54,158
0
4Profit/(loss) attributable to ordinary equity holders of the parent
53,684
0
53,684
0
5Basic earnings/(loss) per share (Subunit)
2.48
0.00
2.48
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


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 ($$)
1.3316
1.3104
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


PDZ - PDZ HOLDINGS BERHAD (“PDZ” OR THE “COMPANY”) PROPOSED ACQUISITION BY PDZ OF 20% EQUITY INTEREST IN EFOGEN SDN BHD COMPRISING 4,000,000 ORDINARY SHARES OF RM1.00 EACH FROM JOHANY BIN JAAFAR, FOR A CASH CONSIDERATION OF RM18,000,000 (“PROPOSED ACQUISITION”

Announcement Type: General Announcement
Company NamePDZ HOLDINGS BHD  
Stock Name PDZ  
Date Announced19 May 2014  
CategoryGeneral Announcement
Reference NoCQ-140519-65616

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-140516-58538
SubjectPDZ HOLDINGS BERHAD (“PDZ” OR THE “COMPANY”)

PROPOSED ACQUISITION BY PDZ OF 20% EQUITY INTEREST IN EFOGEN SDN BHD COMPRISING 4,000,000 ORDINARY SHARES OF RM1.00 EACH FROM JOHANY BIN JAAFAR, FOR A CASH CONSIDERATION OF RM18,000,000 (“PROPOSED ACQUISITION”
DescriptionPDZ HOLDINGS BERHAD (“PDZ” OR THE “COMPANY”)

PROPOSED ACQUISITION BY PDZ OF 20% EQUITY INTEREST IN EFOGEN SDN BHD COMPRISING 4,000,000 ORDINARY SHARES OF RM1.00 EACH FROM JOHANY BIN JAAFAR, FOR A CASH CONSIDERATION OF RM18,000,000 (“PROPOSED ACQUISITION”
Query Letter Contents We refer to your Company's announcement dated 14 May 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:-
1. To elaborate further on the business activities of ESB and assets owned. If
relevant, to incorporate brief details on the contracts secured, and licenses
or permits of a material nature.
2. To state the basis and justification for the premium in the Purchase
Consideration.
3. To state the salient features of KPMG's letter dated 24 February 2014 and
brief conclusion of the said letter.
4. To clarify whether the rights attached to the Sale Shares shall be from the
date of the SAA or upon completion of the SAA (as stated in the 1st paragraph
of Section 2.1 of the announcement).
5. To also state the refund/termination clause in event of default by any of
the parties to the SAA.
6. To include the salient features of the Valuation Report on ESB's enterprise
value by Grant Thornton including the basis in arriving at the enterprise
value, key assumptions, date and method of valuation, and brief conclusion of
the Valuation Report.
7. To state the effects of the Proposed Acquisition on NA, NA per share,
Earnings, EPS and gearing for the financial year ending 30 June 2015.
8. To state the prospects of ESB.
9. To also comment on management risk and PDZ's experience in the oil and gas
offshore support services as well as its mitigating factors.
10. To also make available the letter by KPMG and Valuation Report issued by
Grant Thornton for inspection at the Company's registered office.

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)

 

In reference to Bursa Malaysia’s letter dated 16th May 2014, the Board of Directors of PDZ wishes to provide the additional information requested for, arranged in the order of the questions posed by Bursa Malaysia in its letter as follows:

 

 

 

 

 

  1. ESB Group is in the business of owning and chartering Anchor Handling Tug Supply (“AHTS”) vessels under the Offshore Support Vessel segment of the Oil and Gas Industry. At present the Group owns three (3) AHTS. Details of the AHTS and the related contracts are as follows:

     

 

Vessel Name

Efogen Altamis

Sea Weasel*

Efogen Nuha

Horse Power (bhp)

5,150

6,500

5,000

Year Built

2008

2009

2010

Charterer

Murphy Oil Co Ltd

NIDO Petroleum

Petronas Carigali Sdn Bhd

Contract Duration

5+2+2 years

Spot Charter

5+1+1 years

 

*Co-owned with Deep Sea Supply and Global Maritime Ventures Bhd. ESB effective interest is 26%

 

 

 

Licenses:

 

  1. Ministry of Finance Registration.

  2. Petronas License (L-599330-K) for Geophysics, IT, Full Field Review and Marine Vessels.

     

2. The Purchase Consideration was arrived at on a willing-buyer willing-seller basis after taking into consideration the following:-

 

 

 

  1. The ESB group of companies (“ESB Group”)’s audited net assets (“NA”) as at 30 April 2013 of RM26.3 million and unaudited NA as at 28 February 2014 of RM30.3 million;

  2. the ESB’s Group audited profit after taxation and minority interest (“PATMI”) for financial year ended (“FYE”) 30 April 2013 of RM5.2 million and unaudited PATMI for 10 month financial period ended (“FPE”) 28 February 2014 of RM4.0 million;

  3. the estimated and forecasted PATMI of the ESB Group for FYE 30 April 2014 and FYE 30 April 2015 of RM5.1 million and RM11.7 million respectively (which has been reviewed by KPMG vide its letter dated 24 February 2014); and

  4. the Vendor’s warranty and guarantee of the ESB Group’s PATMI for FYE 30 April 2015 of at least RM11.74 million

     

     

     

3. The salient features of the KPMG letter dated 24 February 2014 are as follows:

 

 

 

  1. It is an Independent Accountants’ letter on profit forecast of ESB Group for the financial years ending 30 April 2014 till 30 April 2017

  2. The net profit for the year, after minority interest for the profit forecast are:

     

 

 

FYE 30 April 2014 (000)

FYE 30 April 2015 (000)

FYE 30 April 2016 (000)

FYE 30 April 2017 (000)

Net Profit, after MI (RM)

5,109

11,740

19,868

19,860

 

 

c. KPMG work was conducted in accordance with the International Standard on Assurance Engagements 3000, Assurance Engagements Other Than Audits or Review of Historical Financial Information.

d. The profit forecast was prepared by ESB based on the following:

 

  1. Unaudited financial statements for the financial period ending 30 November 2013

  2. Bases and Assumptions which were further described in Appendix III of the letter.

  3. Time charter and Ship Management Agreements

  4. ESB expansion plan in relation to vessel acquisition

e. KPMG scope of work includes evaluating the basis for compilation of the profit forecast and to consider whether it has been properly compiled based upon the disclosed assumptions of the Group.

f. It also include obtaining the information and explanations considered necessary in order to provide them with reasonable assurance that the profit forecast has been properly compiled on the basis stated.

g. KPMG concluded that in their opinion, the profit forecast , in all material respects, has been properly compiled on the basis stated in the Appendix I of the letter

4. We wish to clarify that the rights attached to the Sale Shares shall be from the date of the SAA , and NOT upon completion of the SAA.

5. Relevant clauses from SAA pertaining to refund/termination in the event of default by any of the parties to the SAA:

(a) (i) If the Approvals are not obtained upon the expiry of the period stipulated or such extension period as may be mutually agreed upon by the parties hereto in writing as the case may be; or

  (ii) If the steps to modify the said terms and conditions in connection with the granting of the approvals of the Approving Parties or any of them are not successful upon the expiration of sixty (60) days from receiving notice from the Objecting Party ; and  then,

in the case of (i) any party hereto may, or in the case of (ii) above, the Objecting Party may, thereupon by giving notice in writing of its intention to terminate this Agreement to the other party with a copy to its solicitors, summarily terminate this Agreement whereupon the Deposit Sum shall be forthwith refunded to the Purchaser free of interest, and thereafter the SAA shall be at an end and of no further effect and neither party shall have any further claim against the other pursuant to the terms of the SAA or arising therefrom save for any antecedent breaches.

(b) Notwithstanding any provisions contained in the SAA, in the event the Purchaser fails to complete the purchase in accordance with the terms and conditions stipulated in the SAA after the Unconditional Date or fails to settle the Balance Purchase Price in accordance with the provisions therein, the Vendor shall be entitled to terminate the SAA whereupon the following consequences shall ensue:-

 

(i)  a sum equivalent to 10% of Purchase Price shall be forfeited absolutely to the Vendor as agreed liquidated damages and the Vendor shall forthwith refund or cause to be refunded to the Purchaser free of interest, all the remaining sums paid thereunder by the Purchaser towards account of the Purchase Price;

 

(ii) the Stakeholder Documents shall be returned to the Vendor; and thereupon this Agreement shall be rendered null and void and the parties hereto shall have no further claim or claims against the other save for antecedent breach.

 

(c) Notwithstanding any provisions contained in the SAA, in the event the Vendor fails or refuses to complete the sale of the Sale Shares in accordance with the terms and conditions stipulated in the SAA or is in breach of any of the terms and conditions of the SAA, the Purchaser shall be entitled to terminate the SAA whereupon the following consequences shall ensue:-

 

 

 

(i)  a sum equivalent to 10% of Purchase Price shall be paid to the Purchaser as agreed liquidated damages and the Vendor shall forthwith refund or cause to be refunded to the Purchaser free of interest, the full Deposit Sum paid thereunder;

 

 

 

(ii) the Stakeholder Documents shall be returned to the Vendor; and thereupon the SAA shall be rendered null and void and the parties thereto shall have no further claim or claims against the other save for antecedent breach.

 

 

 

(d) In the alternative, any party to the SAA shall be entitled to the rights of specific performance against the other under the provisions of the SAA and it is mutually agreed that in the event of any party exercising its right to specific performance of the SAA, an alternative remedy of monetary compensation shall not be regarded as sufficient compensation for the other party's default in the performance of the terms and conditions of the SAA.

 

 

6. Information regarding the salient features of the Valuation Report on ESB’s enterprise value by Grant Thorton will be made available via public announcement on 20th May 2014.

  

7. Effects of proposed acquisition. 

 

  1. Share Capital and Substantial Shareholders’ shareholdings.

    The Proposed Acquisition will not have any effect on the share capital and substantial shareholders’ shareholdings of PDZ for the financial years ending 30 June 2014 and 2015 as the Proposed Acquisition does not involve any issuance of new shares in PDZ.

     

  2. NA and NA per share and Gearing.

    The Proposed Acquisition is not expected to have any material effect on the NA and NA per share of the PDZ Group for the financial year ending 30 June 2014. The Proposed Acquisition is expected to contribute positively to the NA and NA per share of the PDZ Group in the financial year ending 30 June 2015. However, the effect of the Proposed Acquisition on the gearing of the PDZ Group for the financial years ending 30 June 2014 and 2015 will be dependent on the final breakdown of internal funds and borrowings to be used to finance the Proposed Acquisition.

     

  3. Earnings and earnings per share.

    The Proposed Acquisition, is not expected to have any immediate material effect on the earnings and earnings per share of the PDZ Group for the financial year ending 30 June 2014 as the Proposed Acquisition shall only be completed by the third quarter of 2014. However, the Proposed Acquisition is expected to contribute positively to the earnings and earnings per share of the PDZ Group for the financial year ending 30 June 2015 based on the projected earnings of ESB.

     

     

8. Prospect of ESB’s Offshore Support Vessel (“OSV”) business is promising as OSVs are highly sought after based on the following current scenarios locally & regionally;

 

  1. Huge forecasted capital investment to stem production declines lead by PETRONAS & recent capital investment in deepwater & shallow water fields & also under Enhances Oil Recovery (EOR), Hook-up & commissioning & maintenance, Marginal field Risk Sharing Contracts (RSC) and Pipeline replacements projects

  2. Deployment of several Production Floating solutions by various Production Sharing Contractors (PSCs) which requires the support vessels.

  3. Active exploration activities for deepwater as well as shallow waters field in Malaysia & regionally

  4. Growing demand of Oil & Gas services & activities in Asia especially in Marine fabrication, repairs, operations & maintenance

     

9. Presently, the PDZ Group is involved in the container liner, shipping and shipping management services business segments.

 

As part of the initiative taken by the management of PDZ to undertake the acquisition of ESB, the following measures were/will be implemented to manage the risks associated to the oil and gas offshore support services business;

 

 

 

  1. Appointed an Executive Director with relevant (Oil & Gas) industry background.

  2. Identified suitable candidates with related Oil & Gas experience to join the enlarged team.

     

10. A copy of the letter from KPMG and the valuation report by Grant Thornton will be made available for inspection at the registered office of PDZ at 8-3, Jalan Segambut, 51200 Kuala Lumpur during normal office hours on Mondays to Fridays (except public holidays) from 21st May 2014.

 

 

 

 

 

 

 

 

 

 

 

This announcement is dated 19th May 2014.

 

 

 

 

 

 

 

 

 


SIGN - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameSIGNATURE INTERNATIONAL BERHAD  
Stock Name SIGN  
Date Announced19 May 2014  
CategoryGeneral Announcement
Reference NoCC-140519-64373

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionSIGNATURE INTERNATIONAL BERHAD ("SIGN" OR THE "COMPANY")
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS

SIGNATURE INTERNATIONAL BERHAD ("SIGN" OR THE "COMPANY") PROPOSED ACQUISITIONS BY SIGNATURE REALTY SDN BHD ("SRSB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF SIGN, OF TWO (2) ADJOINING UNITS OF DETACHED HOUSE ERECTED ON LAND HELD UNDER :-

(I) SURAT HAKMILIK SEMENTARA NO. H.S.(D) 175792, P.T 17, BANDAR PETALING JAYA, DAERAH PETALING, SELANGOR ("PROPERTY I") FROM CHEE CHIEW HAR AND CHEE LI HAR ("VENDOR I") FOR A TOTAL CASH CONSIDERATION OF RM3,980,000.00; AND

(II) SURAT HAKMILIK SEMENTARA NO. H.S.(D) 233547, P.T NO. 19, BANDAR PETALING JAYA, DAERAH PETALING, SELANGOR (“PROPERTY II”) FROM CHEW YOKE KUAN ("VENDOR II") FOR A TOTAL CASH CONSIDERATION OF RM3,480,000.00 RESPECTIVELY

(COLLECTIVELY REFERRED TO AS THE "PROPOSED ACQUISITIONS").

Pursuant to Paragraphs 10.06 and 10.12(2)(c) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of SIGN ("Board") wishes to announce that SRSB, a wholly-owned subsidiary of SIGN, had entered into the following:-

(i) Sale and Purchase Agreement dated 8 May 2014 with Vendor I for the proposed acquisition of Property I at a purchase consideration of RM3,980,000.00 ("SPA I"); and

(ii) Sale and Purchase Agreement dated 19 May 2014 with Vendor II for the proposed acquisition of Property II at a purchase consideration of RM3,480,000.00 ("SPA II").

The aggregate total consideration for the Proposed Acquisitions is RM7,460,000.00.

Property I and Property II shall hereinafter be referred to as the (“Properties”). Vendor I and Vendor II shall hereinafter be referred to as the (“Vendors”).


Further details of the Proposed Acquisitions are set out in the file attached to this announcement.



HARNLEN - Changes in Director's Interest (S135) - TAN SRI DATO' LOW NAM HUI

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameHARN LEN CORPORATION BHD  
Stock Name HARNLEN  
Date Announced19 May 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCJ-140519-32917

Information Compiled By KLSE

Particulars of Director

NameTAN SRI DATO' LOW NAM HUI
AddressNO. 2, JALAN CHANTUM, TAMAN KOLAM AIR, 80200 JOHOR BAHRU
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)
Others
16/05/2014
20,000
1.220 
Others
16/05/2014
21,500
1.230 
Others
16/05/2014
14,800
1.240 

Description of other type of transaction1) Disposal of shares by Low Nam Hui & Sons Sdn Bhd.
2) Disposal of shares by Low Nam Hui & Sons Sdn Bhd.
3) Disposal of shares by Low Nam Hui & Sons Sdn Bhd.
Circumstances by reason of which change has occurred1) Deemed interest in shares disposed by Low Nam Hui & Sons Sdn Bhd through open market.
2) Deemed interest in shares disposed by Low Nam Hui & Sons Sdn Bhd through open market.
3) Deemed interest in shares disposed by Low Nam Hui & Sons Sdn Bhd through open market.
Nature of interestDeemed interests pursuant to S6A of the Companies Act, 1965.
Consideration (if any) 

Total no of securities after change

Direct (units)5,384,333 
Direct (%)2.9 
Indirect/deemed interest (units)119,842,275 
Indirect/deemed interest (%)64.61 
Date of notice19/05/2014

Remarks :
119,842,275- Deemed Interest:
Deemed interested in the shares held by Low Nam Hui United Holdings Sdn Bhd, Low Nam Hui & Sons Sdn Bhd, LNH Enterprise Sdn Bhd, Seri Cemerlang Plantation (Pahang) Sdn Bhd, Yong Yaow Properties Sdn Bhd and Shande Ancestral Park Berhad and the shares held by his immediate family members namely, Puan Sri Datin Chan Pui Leorn, Low Quek Kiong, Low Kok Yong and Low Siew Eng pursuant to Section 6A of the Companies Act, 1965.


RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced19 May 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140519-2D21C

Date of buy back19/05/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)200,000
Minimum price paid for each share purchased ($$)0.320
Maximum price paid for each share purchased ($$)0.325
Total consideration paid ($$)64,820.41
Number of shares purchased retained in treasury (units)200,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)30,696,200
Adjusted issued capital after cancellation
(no. of shares) (units)
 
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)2.61


ITRONIC - OTHERS INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") - Proposed Shareholders’ Mandate for Share Buy Back of up to Ten Percent of the Issued and Paid-Up Share Capital of the Company

Announcement Type: General Announcement
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced19 May 2014  
CategoryGeneral Announcement
Reference NoCC-140516-68076

TypeAnnouncement
SubjectOTHERS
DescriptionINDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
- Proposed Shareholders’ Mandate for Share Buy Back of up to Ten Percent of the Issued and Paid-Up Share Capital of the Company

The Board of Directors of Industronics wishes to announce that the Company intends to seek for its shareholders' approval for the proposed shareholders’ mandate for share buy back of up to ten percent (10%) of the issued and paid up share capital of the Company (“Proposed Share Buy Back”) at the forthcoming Thirty-Ninth (39th) Annual General Meeting of the Company to be convened at a date, which will be notified later.

 

The Circular to Shareholders containing the details of the Proposed Share Buy Back will be issued to the shareholders of the Company together with the 2013 Annual Report in due course.

 

This announcement is dated 19 May 2014.



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