May 9, 2014

Company announcements: SALCON, GADANG, RCECAP, HARVEST, ITRONIC, WCT

SALCON - Changes in Sub. S-hldr's Int. (29B) - Overseas-Chinese Banking Corporation Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSALCON BERHAD  
Stock Name SALCON  
Date Announced9 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140509-52E22

Particulars of substantial Securities Holder

NameOverseas-Chinese Banking Corporation Limited
Address65 Chulia Street #06-00
OCBC Centre
Singapore 049513
NRIC/Passport No/Company No.193200032W
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderAmTrustee Bhd
22nd Floor, Bangunan AmBank Group
No. 55, Jalan Raja Chulan
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/05/2014
217,100
 

Circumstances by reason of which change has occurredAcquisition of Shares
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change37,927,900
Date of notice09/05/2014

Remarks :
Deemed Interest pursuant to Section 6A(4)(C) of the Companies Act, 1965 via its subsidiaries i.e. Great Eastern Life Assurance (Malaysia) Bhd; Overseas Assurance (Malaysia) Bhd; Great Eastern Takaful Bhd; and Pacific Mutual Fund Bhd.


GADANG - OTHERS Gadang Holdings Berhad ("Gadang" or "the Company") - Striking-off of a dormant indirect wholly-owned subsidiary

Announcement Type: General Announcement
Company NameGADANG HOLDINGS BHD  
Stock Name GADANG  
Date Announced9 May 2014  
CategoryGeneral Announcement
Reference NoGH-140509-64000

TypeAnnouncement
SubjectOTHERS
DescriptionGadang Holdings Berhad ("Gadang" or "the Company")
- Striking-off of a dormant indirect wholly-owned subsidiary

The Company wishes to announce that following the application made to the Companies Commission of Malaysia ("CCM") for voluntary striking-off of New-Mix Concrete Industries Sdn Bhd ("New-Mix"), a dormant indirect wholly-owned subsidiary of Gadang, CCM had in its letter dated 29 April 2014 (which was received on 9 May 2014) advised that New-Mix will be struck off the register and dissolved upon the expiration of 3 months from 29 April 2014 under Section 308(2) of the Companies Act, 1965.

The striking-off of New-Mix has no material financial effect on the Group.

This announcement is dated 9 May 2014.



GADANG - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameGADANG HOLDINGS BHD  
Stock Name GADANG  
Date Announced9 May 2014  
CategoryGeneral Announcement
Reference NoGH-140509-65984

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we have received notification from the following director in relation to his dealings in the securities of the Company as per the table below:-

Name of Director
Description of Securities
Date Transacted
No. of Securities Disposed
Percentage (%) of Outstanding Warrants
Price per Warrant
Nature of Interest
Boey Tak Kong
Warrants 2010/2015
9/05/2014
88,500
0.45
RM1.05
Direct


GADANG - Changes in Director's Interest (S135) - BOEY TAK KONG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGADANG HOLDINGS BHD  
Stock Name GADANG  
Date Announced9 May 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoGH-140509-66592

Information Compiled By KLSE

Particulars of Director

NameBOEY TAK KONG
AddressSuite 3, Level 5, Blok 693 (693-5-3) Desa Kiara Damansara, Jalan Damansara, 60000 Kuala Lumpur
Descriptions(Class & nominal value)Warrants 2010/2015

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
09/05/2014
88,500
1.050 

Circumstances by reason of which change has occurredDisposal in the open market
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice09/05/2014


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 Announced9 May 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140509-42868

Date of buy back09/05/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)120,000
Minimum price paid for each share purchased ($$)0.315
Maximum price paid for each share purchased ($$)0.315
Total consideration paid ($$)38,076.14
Number of shares purchased retained in treasury (units)120,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)29,891,100
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


HARVEST - Notice of Interest Sub. S-hldr (29A) - ZENITH CITY INVESTMENTS LIMITED

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced9 May 2014  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCC-140508-28435

Particulars of Substantial Securities Holder

NameZENITH CITY INVESTMENTS LIMITED
AddressOFFSHORE INCORPORATIONS CENTRE
VICTORIA MAHE
REPUBLIC OF SEYCHELLES
NRIC/Passport No/Company No.143254
Nationality/Country of incorporationSEYCHELLES
Descriptions (Class & nominal value)Ordinary Shares of RM0.25 each
Name & address of registered holderZENITH CITY INVESTMENTS LIMITED
OFFSHORE INCORPORATIONS CENTRE
VICTORIA MAHE
REPUBLIC OF SEYCHELLES

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired06/05/2014
No of securities
Circumstances by reason of which Securities Holder has interestOpen market purchases
Nature of interestDirect
Price Transacted ($$)

Total no of securities after change

Direct (units)26,800,000 
Direct (%)10.1 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice08/05/2014


HARVEST - Notice of Interest Sub. S-hldr (29A) - DATUK CHAI WOON CHET

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced9 May 2014  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCC-140509-6BA57

Particulars of Substantial Securities Holder

NameDATUK CHAI WOON CHET
AddressLOT 116, JALAN TIMAH 3
MINES RESORT CITY
43300 SERI KEMBANGAN SELANGOR DARUL EHSAN
NRIC/Passport No/Company No.781224-06-5263
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.25 each
Name & address of registered holderZENITH CITY INVESTMENTS LIMITED
OFFSHORE INCORPORATIONS CENTRE
VICTORIA MAHE
REPUBLIC OF SEYCHELLES

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired06/05/2014
No of securities
Circumstances by reason of which Securities Holder has interestOpen market purchases
Nature of interestIndirect
Price Transacted ($$)

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)26,800,000 
Indirect/deemed interest (%)10.1 
Date of notice09/05/2014


HARVEST - OTHERS HARVEST COURT INDUSTRIES BERHAD (“HCIB” or “the Company”) -Offer and Grant of Options under Employees’ Share Option Scheme

Announcement Type: General Announcement
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced9 May 2014  
CategoryGeneral Announcement
Reference NoCC-140509-34903

TypeAnnouncement
SubjectOTHERS
DescriptionHARVEST COURT INDUSTRIES BERHAD (“HCIB” or “the Company”)
-Offer and Grant of Options under Employees’ Share Option Scheme

Pursuant to Paragraph 9.19(51) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Harvest Court Industries Berhad (“HCIB” or “the Company”) wishes to announce that the following offer and grant of options to eligible persons to subscribe for new ordinary shares of RM0.25 each in the Company (“Options”) under the Employees’ Share Option Scheme of the Company (“ESOS”).

The details of the Options offered to the eligible persons of the Company are set out as follows:-

No.

Description of Options offered under the ESOS

1.

Date of Offer of the Options

:

9 May 2014

2.

Exercise price of Options offered

:

RM0.25

3.

Number of Options offered

:

15,800,000

4.

Closing Market Price of the Company’s shares on the Date of Offer

:

RM0.29

5.

Number of Options offered to the following Directors of the Company

:

Not applicable

6.

Vesting period of the Options offered

 

:

Estimated scheduled vesting date is 8 June 2014


This announcement is dated 9 May 2014.

 



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

Announcement Type: General Announcement
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced9 May 2014  
CategoryGeneral Announcement
Reference NoCC-140509-25A03

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionINDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
- DISPOSAL OF SHARES IN SOLUTION ENGINEERING HOLDINGS BERHAD

Reference is made to the Company’s announcements made on 3 December 2013, 3 January 2014, 21 January 2014, 28 April 2014 and 30 April 2014 and Circular to Shareholders dated 6 January 2014 respectively.

The Board of Directors of Industronics wishes to inform that Industronics has on 8 May 2014 disposed in the open market an aggregate of 140,800 ordinary shares of RM0.10 each in Solution Engineering Holdings Berhad (“SEHB”), a public company listed on ACE Market of Bursa Malaysia Securities Berhad, representing 0.076% of the existing issued and paid up share capital of SEHB (based on SEHB’s issued and paid-up capital as at 19 August 2013 as announced on 16 August 2013) at the average disposal price of RM0.155 each or gross proceeds of totaling RM21,824.00 (“Disposal”).

Upon completion of the Disposal, the Company’s shareholdings in SEHB reduced to 6,401,100 SEHB’s shares, representing approximately 3.45% of the issued and paid-up share capital of SEHB.

The Disposal will not have any effect on the issued and paid-up share capital and shareholding structure of the substantial shareholders in Industronics. The Disposal will not have material effect on the net assets per share, gearing and earnings per share of the Industronics Group for the current financial year ending 31 December 2014.

The Company to incur a book loss of approximately RM0.026 million from the Disposal as compared to the carrying value of investment for the said 140,800 SEHB shares of RM0.048 million.

The highest percentage ratio applicable to the Disposal pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.1% and the aggregate percentage ratio applicable to the SEHB shares disposed on 28 April 2014, 29 April 2014 and 8 May 2014 are 8.5% .

None of the directors and/ or the major shareholders of Industronics and/ or persons connected with them have any interest, direct or indirect, in the Disposal.

The Directors of Industronics are of the opinion that the Disposal is in the best interest of the Company after taking into consideration of the following :

  1. The Company had on 24 April 2013 acquired 54,241,900 SEHB shares via open market transaction at total consideration of RM10.489 million (“Original Cost of Investment”). Subsequently on 13 November 2013, 14 November 2013, 28 April 2014 and 29 April 2014, the Company had disposed 47,700,000 SEHB shares for a total cash consideration of RM12.28 million (“Previous Disposals”), which had fully covered the Original Cost of Investment of the Company. As such, the sale of remaining SEHB shares held by the Company will be deemed as gain / profit to the Company.

  2. In an effort to strengthen the Industronics Group financial position and with an aim of focusing on the Group’s core business, the Group had undertaken efforts to streamline the Group structure for better efficiency and relieving the Company from incurring further losses in the Group’s investment by disposing / dissolving non-performing subsidiaries and associated company. The Company noted the share price for SEHB has drop dramatically in the month of April 2014. In order to avoid further diminution in the investment, the Board has made the decision to dispose the remaining SEHB shares.

  3. The Disposal will generate additional cash flow for the working capital requirements of the Group’s operations and to enhance financial position of the Company.

     

This announcement is dated 9 May 2014.

 



WCT - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced9 May 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoWW-140509-45417

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalOthers
Details of corporate proposalConversion of Warrants (2013/2016) into Ordinary Shares
No. of shares issued under this corporate proposal13,152
Issue price per share ($$)MYR 2.040
Par Value ($$)MYR 0.500
Latest issued and paid up share capital after the above corporate proposal in the following
Units1,092,477,787
CurrencyMYR 546,238,893.500
Listing Date12/05/2014


No comments:

Post a Comment