May 14, 2014

Company announcements: PMCORP, TCHONG, TIME, UMW, HUNZPTY, HYTEXIN, KINSTEL

PMCORP - OTHERS Pan Malaysia Corporation Berhad (the "Company") Proposed renewal of authority for the purchase of own shares by the Company

Announcement Type: General Announcement
Company NamePAN MALAYSIA CORPORATION BERHAD  
Stock Name PMCORP  
Date Announced14 May 2014  
CategoryGeneral Announcement
Reference NoPM-140512-39036

TypeAnnouncement
SubjectOTHERS
DescriptionPan Malaysia Corporation Berhad (the "Company")
Proposed renewal of authority for the purchase of own shares by the Company

The Board of Directors of the Company wishes to announce that the Company intends to seek shareholders' approval for the proposed renewal of authority for the purchase of own shares by the Company at the Annual General Meeting to be convened.

A statement to shareholders containing details of the above proposal will be despatched to the shareholders of the Company in due course.



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

Announcement Type: Financial Results
Company NameTAN CHONG MOTOR HOLDINGS BERHAD  
Stock Name TCHONG  
Date Announced14 May 2014  
CategoryFinancial Results
Reference NoTC-140512-29494

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

Attachments

TCMH1Q14.pdf
125 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
1,260,193
1,436,339
1,260,193
1,436,339
2Profit/(loss) before tax
63,930
122,939
63,930
122,939
3Profit/(loss) for the period
41,720
84,164
41,720
84,164
4Profit/(loss) attributable to ordinary equity holders of the parent
41,474
84,095
41,474
84,095
5Basic earnings/(loss) per share (Subunit)
6.35
12.88
6.35
12.88
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 ($$)
4.2200
4.1500
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


TCHONG - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameTAN CHONG MOTOR HOLDINGS BERHAD  
Stock Name TCHONG  
Date Announced14 May 2014  
CategoryGeneral Announcement
Reference NoTC-140502-E7BB6

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionProvision of Financial Assistance pursuant to paragraph 8.23(1)(ii) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Pursuant to paragraph 8.23(1)(ii) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH") wishes to announce the aggregate amount of financial assistance provided by TC Capital Resources Sdn Bhd ("TCCR"), a wholly-owned subsidiary of TCMH, for the first quarter ended 31 March 2014 as set out below:

(i) Paragraph 3.1 of Practice Note 11

Type of Financial Assistance:

Loans extended to customers in the ordinary course of TCCR's business as a licensed money lender.

Amount of loans provided during the first quarter ended 31 March 2014: RM5,528,300.00

(ii) Paragraph 3.3 of Practice Note 11

As set out in the table attached below.

The provision of financial assistance as set out above does not have any significant impact on the earnings and cashflow of TCMH Group for the year ending 31 December 2014.



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

Announcement Type: Financial Results
Company NameTIME ENGINEERING BERHAD  
Stock Name TIME  
Date Announced14 May 2014  
CategoryFinancial Results
Reference NoTE-140514-32838

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

Attachments

TEB_Mar14_BMSB.pdf
253 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
18,596
20,539
18,596
20,539
2Profit/(loss) before tax
4,624
2,192
4,624
2,192
3Profit/(loss) for the period
3,242
2,192
3,242
2,192
4Profit/(loss) attributable to ordinary equity holders of the parent
1,936
521
1,936
521
5Basic earnings/(loss) per share (Subunit)
0.25
0.07
0.25
0.07
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 ($$)
0.1000
0.1000
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


UMW - 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 NameUMW HOLDINGS BERHAD  
Stock Name UMW  
Date Announced14 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoUH-140514-63567

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 RM0.50 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)
Acquired08/05/2014
170,800
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestIndirect interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%)16.62 
Total no of securities after change194,137,104
Date of notice09/05/2014

Remarks :
Form 29B was received on 14th May 2014


HUNZPTY - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHUNZA PROPERTIES BERHAD  
Stock Name HUNZPTY  
Date Announced14 May 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCP-140514-3858B

Date of buy back14/05/2014
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)9,300
Minimum price paid for each share purchased ($$)1.950
Maximum price paid for each share purchased ($$)1.950
Total consideration paid ($$)18,204.79
Number of shares purchased retained in treasury (units)9,300
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)14,986,652
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 (%)6.12

Remarks :
The amount paid for share purchased is inclusive of commission, clearing house fee and stamp duty.


HYTEXIN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced14 May 2014  
CategoryGeneral Announcement
Reference NoCS-140514-60983

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHYTEX INTEGRATED BERHAD (“HIB” OR “THE COMPANY”)
- WRIT AND STATEMENT OF CLAIM BY IVORY OCEAN ENTERPRISE (“IVORY”) AGAINST HYTEX GARMENTS (M) SDN BHD (“HGSB”), A WHOLLY-OWNED SUBSIDIARY OF HIB
- BUTTERWORTH SESSION COURT SUIT NO B52NCC-15-03/2014

Further to the Company’s announcement dated 24 March 2014, the Board of Directors of HIB wishes to inform that HGSB, a wholly-owned subsidiary of HIB, had on 2 May 2014 been served a Writ and Statement of Claim from Ivory Ocean Enterprise (“the Plaintiff”).

1. Date of the presentation of the Writ and Statement of Claim and the date of the Writ and Statement of Claim was served on the listed issuer, its subsidiary or major associated company.

The Writ is dated 4 April 2014 and the Statement of Claim is dated 27 March 2014. Both were served on HGSB vide Messrs David Lai & Tan, being the solicitors for the Plaintiff, on 2 May 2014.

2. Particulars of the claim under the Writ and Statement of Claim, including the amount claimed for and the interest rate.

The claim pursuant to the Writ and Statement of Claim is as below:

(a) the sum of RM870,400.80 as at 21 October 2013;

(b) interest accruing on the sum of RM870,400.80 at the rate of 5% per annum calculated from the date of judgment until the date of full and final settlement; and

(c) costs on the solicitors and client basis.

3. Details of the default or circumstances leading to the filing of the Writ and Statement of Claim on the listed issuer, its subsidiary or major associated company.

The filing of the Writ and Statement of Claim is a result of HGSB failing to settle the outstanding amount of RM870,400.80, being the outstanding amount for goods sold and delivered by Ivory to HGSB.

4. Whether HGSB is a major subsidiary of HIB

HGSB is a major subsidiary of HIB.

5. Total cost of investment in HGSB.

The total cost of investment was RM20,994,525.00.

6. Financial and operational impact of the Writ and Statement of Claim on the Group.

(a) There is no material operational impact arising from the Writ and Statement of Claim; and

(b) The financial impact resulting from the Writ and Statement of Claim will be the expected losses arising from the litigation as mentioned in Section 2 above.

7. Expected losses, if any, arising from the Writ and Statement of Claim

The Company could be liable for the amount stated in Section 2 above.

8. Steps taken or proposed to be taken by HIB in respect of the Writ and Statement of Claim

The Company is currently in discussion with its solicitors on the next course of action in respect of the above matter.

Further to this, the Company has entered into a Memorandum of Appearance vide their solicitors on 8 May 2014.

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 14 May 2014.



HYTEXIN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced14 May 2014  
CategoryGeneral Announcement
Reference NoCS-140514-60756

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]

Further to the Company’s announcements made on 21 April 2014 and 23 April 2014, the Board of HIB wishes to inform that the Court has granted the Appellant’s request for a short postponement for another case management fixed on 29 May 2014 pending further instruction on documents to be filed by the Appellant.

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

This announcement is dated 14 May 2014.



HYTEXIN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced14 May 2014  
CategoryGeneral Announcement
Reference NoCS-140514-60480

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHYTEX INTEGRATED BERHAD (“HIB” OR “THE COMPANY”)
- WRIT AND STATEMENT OF CLAIM BY MGI ENTERPRISE SDN BHD (“MGI”) AGAINST HYTEX GARMENTS (M) SDN BHD (“HGSB”), A WHOLLY-OWNED SUBSIDIARY OF HIB
- PENANG HIGH COURT SUIT NO.22NCVC-35-03/2014

Further to the Company’s announcements made on 24 March 2014, 4 April 2014 and 14 April 2014, the Board of HIB wishes to inform that the Company vide their solicitors had informed the Court that they are in the midst of preparing an application to the Court for further extension of the Restraining Order pursuant to Section 176(1) and Section 176(10) of the Companies Act, 1965 (“RO Extension”).

Further thereto, the Court has fixed the next case management on 3 June 2014 for the Company to update the Court of the status of the RO Extension.

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

This announcement is dated 14 May 2014.



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

Announcement Type: General Announcement
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced14 May 2014  
CategoryGeneral Announcement
Reference NoCK-140514-44586

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionPursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Kinsteel Bhd ("the Company") wishes to announce that they have received notification from Tan Sri Dato' Sri Pheng Yin Huah, Dato' Hong Thian Hock, Dato' Pheng Chin Guan, Datin Hong Cheng Guat and Dato' Lew Choon, the Directors of Kinsteel Bhd, that they intend to trade in the securities of the Company during closed period pending announcement of the Company's financial results for the quarterly period ended 31 March 2014.

The number of securities held by Tan Sri Dato' Sri Pheng Yin Huah, Dato' Hong Thian Hock, Dato' Pheng Chin Guan, Datin Hong Cheng Guat and Dato' Lew Choon as at 14 May 2014 are tabulated in the table below.

This announcement is dated 14 May 2014

Name of Directors

Securities

Direct Interest

%

Indirect Interest

%

Tan Sri Dato' Sri Pheng Yin Huah

Ordinary Shares of RM0.20 each

49,355,495

4.74

270,314,255

25.951

Dato’ Hong Thian Hock

Ordinary Shares of RM0.20 each

19,938,400

1.91

264,211,255

25. 372

Dato' Pheng Chin Guan

Ordinary Shares of RM0.20 each

19,340,000

1.86

220,000

0.023

Datin Hong Cheng Guat

Ordinary Shares of RM0.20 each

20,972,500

2.01

5,560,000

0.534

Dato’ Lew Choon

Ordinary Shares of RM0.20 each

1,295,000

0.12

90,000

0.0095

Note:

1. Deemed interested by virtue of his shareholding in Kin Kee Holdings Sdn. Bhd., Kin Kee Hardware Sdn. Bhd., Kin Kee Metal Sdn Bhd. and Perniagaan Kin Kee Sdn. Bhd. pursuant to Section 6A of the Companies Act, 1965.

2. Deemed interest by virtue of his shareholdings in Kin Kee Metal Sdn Bhd and Perniagaan Kin Kee Sdn Bhd which the latter is the major shareholder of Kin Kee Holdings Sdn Bhd and Kin Kee Hardware Sdn Bhd, and his indirect interest held through his children.

3.
Deemed interested by virtue of his spouse, Goh Yoke Lan @ Goh Mei Leng’s shareholding in Kinstee Bhd.

4. Deemed interested by virtue of her shareholding in Kin Kee Metal Sdn Bhd, Kien San Metal Sdn Bhd pursuant to Section 6A of the Companies Act, 1965 and her children's shareholdings in Kinsteel Bhd.

5. Deemed interested by virtue of his children’s shareholdings in Kinsteel Bhd.



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