ASUPREM - GENERAL MEETINGS: NOTICE OF MEETING
Announcement Type: General Meetings
| Company Name | ASTRAL SUPREME BERHAD |
| Stock Name | ASUPREM |
| Date Announced | 5 Jun 2014 |
| Category | General Meetings |
| Reference No | CC-140603-32852 |
| Type of Meeting | AGM |
| Indicator | Notice of Meeting |
| Description | Astral Supreme Berhad - Notice of the Sixteenth Annual General Meeting |
| Date of Meeting | 30/06/2014 |
| Time | 09:00 AM |
| Venue | Tioman Room, Level 1, Bukit Jalil Golf & Country Resort, Jalan Jalil Perkasa 3, Bukit Jalil, 57000 Kuala Lumpur |
| Date of General Meeting Record of Depositors | 24/06/2014 |
SEACERA - Final Dividend
Announcement Type: Entitlements (Notice of Book Closure)
| Company Name | SEACERA GROUP BERHAD |
| Stock Name | SEACERA |
| Date Announced | 5 Jun 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | CA-140604-52585 |
SCGM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | SCGM BHD |
| Stock Name | SCGM |
| Date Announced | 5 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140605-788C9 |
| Type | Announcement | |||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | |||||||||
| Description | Notification of dealing by Director in the securities of SCGM Bhd during closed period. | |||||||||
This is to notify that Mr Lee Hock Meng, the Executive Director of SCGM Bhd, intends to trade in the ordinary shares of SCGM Bhd during the closed period.
Current shareholding of Mr Lee Hock Meng:-
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SCGM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | SCGM BHD |
| Stock Name | SCGM |
| Date Announced | 5 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140605-641DB |
| Type | Announcement | |||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | |||||||||
| Description | Notification of dealing by Director in the securities of SCGM Bhd during closed period. | |||||||||
This is to notify that Dato' Sri Lee Hock Chai, the Executive Director of SCGM Bhd, intends to trade in the ordinary shares of SCGM Bhd during the closed period. Current shareholding of Dato’ Sri Lee Hock Chai:- No. of Ordinary Shares % Direct Interest 5,928,953 7.41 Indirect Interest 21,500,000 26.87 | ||||||||||
SCGM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | SCGM BHD |
| Stock Name | SCGM |
| Date Announced | 5 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140605-772BB |
| Type | Announcement | |||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | |||||||||
| Description | Notification of dealing by Director in the securities of SCGM Bhd during closed period. | |||||||||
This is to notify that Dato' Sri Lee Hock Guan, the Executive Director of SCGM Bhd, intends to trade in the ordinary shares of SCGM Bhd during the closed period.
Current shareholding of Dato’ Sri Lee Hock Guan:-
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SCGM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | SCGM BHD |
| Stock Name | SCGM |
| Date Announced | 5 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140605-63780 |
| Type | Announcement | |||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | |||||||||
| Description | Notification of dealing by Director in the securities of SCGM Bhd during closed period. | |||||||||
This is to notify that Dato' Sri Lee Hock Seng, the Executive Chairman/Managing Director of SCGM Bhd, intends to trade in the ordinary shares of SCGM Bhd during the closed period.
Current shareholding of Dato’ Sri Lee Hock Seng:-
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HEXAGON - BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS HEXAGON HOLDINGS BERHAD AND FINES ITS DIRECTORS A TOTAL OF RM400,000
Announcement Type: Listing Circular
HEXAGON is also required to review and ensure the adequacy and effectiveness of its financial reporting function and carry out a limited review on its quarterly report submissions. The limited review must be performed by the Company’s external auditors for four quarters commencing no later from the quarterly report for the financial period ended 30 June 2014. In addition, HEXAGON must ensure all its directors and relevant personnel attend a training programme in relation to compliance with the Main LR particularly pertaining to financial statements.
The following directors of HEXAGON at the material time were found to have breached paragraph 16.13(b) of the Main LR for permitting knowingly, or where they had reasonable means of obtaining such knowledge, HEXAGON to commit the breaches of paragraphs 8.04(3)(b), 9.16(1)(a) and 9.19(19) of the Main LR. The penalties imposed on the directors are as follows:-
Bursa Malaysia Securities views the above contraventions seriously as the requirement for companies to make timely and accurate disclosure of material information and financial statements are fundamental obligations of listed companies to enable investors to make informed investment decisions and preserve / sustain market integrity and investor confidence.
The finding of breach and imposition of the above penalties on HEXAGON and its directors were made pursuant to paragraph 16.19 of the Main LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including culpability of the directors and materiality of the breaches as follows :-
(a) The knowledge of the directors of the Winding-Up Order and their failure to undertake reasonable assessment and due enquiry to ensure the Company made the First Announcement pursuant to PN17 for triggering the prescribed criteria under paragraph 2.1(c) of PN17 and to ensure that the adjustment arising from the deconsolidation of HTSB was made in the QR June 2012 and QR September 2012;
(b) The role and responsibilities of the directors:-
| Company Name | HEXAGON HOLDINGS BHD |
| Stock Name | HEXAGON |
| Date Announced | 5 Jun 2014 |
| Category | Listing Circular |
| Reference No | CW-140605-65919 |
LISTING'S CIRCULAR NO. L/Q : 70793 OF 2014
Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded Hexagon Holdings Berhad (HEXAGON or the Company) and its directors for various breaches of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR). In addition, the directors of HEXAGON were fined a total of RM400,000.
HEXAGON was publicly reprimanded for committing various disclosure and financial reporting breaches as follows:-
No. | Breach | ||||||||||||||||||||||||||||
| 1. | Paragraph 9.19(19) of the Main LR for failing to make an immediate announcement of the winding-up order made under the High Court in Sabah and Sarawak dated 24 May 2012 against Hexagon Tower Sdn. Bhd. (HTSB), a wholly-owned and a major subsidiary of HEXAGON (Winding-Up Order). HEXAGON had only made an announcement of the Winding-Up Order on 30 July 2012. | ||||||||||||||||||||||||||||
| 2. | Paragraph 8.04(3)(b) of the Main LR read together with paragraph 4.1(a) of Practice Note 17 (PN17) for failing to make the First Announcement pursuant to PN17 on an immediate basis upon the winding-up of HTSB on 24 May 2012 which triggered the prescribed criteria of paragraph 2.1(c) of PN17. In this respect, the total assets of HTSB and its subsidiaries was RM310.8 million as at 31 March 2012 and this exceeded 50% (i.e. 87.9%) of HEXAGON Group’s total assets of RM353.6 million as at 31 March 2012. HEXAGON only made the First Announcement on 28 February 2013 that the Company had triggered the criteria in paragraph 2.1(a) of PN17 based on the Company’s quarterly report for the financial period ended 31 December 2012 announced on 28 February 2013 which had reported a negative shareholders’ equity of RM19.25 million. | ||||||||||||||||||||||||||||
| 3. | Paragraph 9.16(1)(a) of the Main LR in respect of the Company’s quarterly reports for the 15 months ended 30 June 2012 (QR June 2012) and 18 months ended 30 September 2012 (QR September 2012) announced on 29 August 2012 and 28 November 2012 respectively which failed to deconsolidate HTSB and its subsidiaries arising from the Winding-Up Order. The Company had on 28 February 2013 announced the amended QR June 2012 and amended QR September 2012 where the variance as stated in the amended QR June 2012 and amended QR September 2012 were mainly due to the following:-
The variance between the original unaudited results and the amended unaudited results was as follows:-
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| 4. | Paragraph 9.16(1)(a) of the Main LR in respect of:- (a) HEXAGON’s announcements on 14 March 2012 and 27 June 2012 which stated that HTSB was not a major subsidiary company of the Company; and (b) HEXAGON’s announcement on 27 June 2012 which further stated that the Winding-Up Order was not expected to have any material impact on the financial and operational matters of the Group. HEXAGON’s announcements dated 14 March 2012 and 27 June 2012 were not factual, inaccurate and did not contain sufficient information to enable investors to make informed investment decisions with regards to the Company’s affairs, business and financial condition as it was noted that:-
ii. HEXAGON had triggered the prescribed criteria of paragraph 2.1(c) of PN17 upon the Winding-Up Order against HTSB which would require the Company to regularise its financial condition expeditiously and within the timeframes prescribed in paragraph 8.04 of the Main LR and PN17, failing which the Company may be suspended and/or de-listed; and iii. Arising from the Winding-Up Order, HEXAGON was required to deconsolidate HTSB and its subsidiaries and this had resulted in the Company reporting loss after tax and minority interest of RM66,432,000 and negative shareholders’ equity of RM14,727,000 as at 30 June 2012 based on the amended QR June 2012 announced on 28 February 2013 and triggered the prescribed criteria of paragraph 2.1(a) of PN17. | ||||||||||||||||||||||||||||
| 5. | Paragraph 9.03(1) read together with paragraph 9.04(f) of the Main LR for failing to make an immediate announcement that the High Court had on 14 September 2012 dismissed the application of HEXAGON and HTSB to set aside the Winding-Up Order (Dismissal). HEXAGON had announced the Winding-Up Order on 30 July 2012 and the subsequent development vis- -vis the Dismissal was material under paragraph 9.03(1) read together with paragraph 9.04(f) of the Main LR to enable investors make informed investment decisions. HEXAGON only made an announcement of the Dismissal on 25 September 2012. The Company’s representation that it had waited for the written judgement which was received on 24 September 2012 to make the announcement of the Dismissal was not acceptable in view of the following:-
ii. HEXAGON was aware / informed of the Dismissal on 14 September 2012 as noted from an e-mail from the Company to its solicitors dated 14 September 2012 instructing the solicitors to file an appeal to set aside the Dismissal. |
HEXAGON is also required to review and ensure the adequacy and effectiveness of its financial reporting function and carry out a limited review on its quarterly report submissions. The limited review must be performed by the Company’s external auditors for four quarters commencing no later from the quarterly report for the financial period ended 30 June 2014. In addition, HEXAGON must ensure all its directors and relevant personnel attend a training programme in relation to compliance with the Main LR particularly pertaining to financial statements.
The following directors of HEXAGON at the material time were found to have breached paragraph 16.13(b) of the Main LR for permitting knowingly, or where they had reasonable means of obtaining such knowledge, HEXAGON to commit the breaches of paragraphs 8.04(3)(b), 9.16(1)(a) and 9.19(19) of the Main LR. The penalties imposed on the directors are as follows:-
No. | Director | Breach | Penalty |
1. | Tan Beng Wan Executive Chairman and Group Chief Executive Officer (appointed on 21 June 1996) | Paragraph 9.19(19) of the Main LR for failing to make an immediate announcement of the Winding-Up Order | Public Reprimand and Fine of RM100,000 |
| Paragraph 8.04(3)(b) of the Main LR read together with paragraph 4.1(a) of PN17 for failing to make the First Announcement pursuant to PN17 on an immediate basis upon the winding-up of HTSB on 24 May 2012 which triggered the prescribed criteria of paragraph 2.1(c) of PN17 | |||
| Paragraph 9.16(1)(a) of the Main LR in respect of the QR June 2012 and QR September 2012 announced on 29 August 2012 and 28 November 2012 respectively which failed to deconsolidate HTSB and its subsidiaries arising from the Winding-Up Order | Public Reprimand and Fine of RM100,000 | ||
2. | Low Kwee Beng Executive Director (appointed on 21 June 1996) | Paragraph 9.19(19) of the Main LR for failing to make an immediate announcement of the Winding-Up Order | Public Reprimand and Fine of RM100,000 |
| Paragraph 8.04(3)(b) of the Main LR read together with paragraph 4.1(a) of PN17 for failing to make the First Announcement pursuant to PN17 on an immediate basis upon the winding-up of HTSB on 24 May 2012 which triggered the prescribed criteria of paragraph 2.1(c) of PN17 | |||
| Paragraph 9.16(1)(a) of the Main LR in respect of the QR June 2012 and QR September 2012 announced on 29 August 2012 and 28 November 2012 respectively which failed to deconsolidate HTSB and its subsidiaries arising from the Winding-Up Order | Public Reprimand and Fine of RM25,000 | ||
3. | YB Tuan Haji Mokatar Rudin bin Wan Yusof Independent Non-Executive Director Audit Committee Chairman (appointed on 12 September 1997) | Paragraph 9.19(19) of the Main LR for failing to make an immediate announcement of the Winding-Up Order | Public Reprimand |
| Paragraph 8.04(3)(b) of the Main LR read together with paragraph 4.1(a) of PN17 for failing to make the First Announcement pursuant to PN17 on an immediate basis upon the winding-up of HTSB on 24 May 2012 which triggered the prescribed criteria of paragraph 2.1(c) of PN17 | |||
| Paragraph 9.16(1)(a) of the Main LR in respect of the QR June 2012 and QR September 2012 announced on 29 August 2012 and 28 November 2012 respectively which failed to deconsolidate HTSB and its subsidiaries arising from the Winding-Up Order | Public Reprimand and Fine of RM25,000 | ||
4. | Chen Seong Sang Independent Non-Executive Director Audit Committee Member (appointed on 21 July 2003) | Paragraph 9.19(19) of the Main LR for failing to make an immediate announcement of the Winding-Up Order | Public Reprimand |
| Paragraph 8.04(3)(b) of the Main LR read together with paragraph 4.1(a) of PN17 for failing to make the First Announcement pursuant to PN17 on an immediate basis upon the winding-up of HTSB on 24 May 2012 which triggered the prescribed criteria of paragraph 2.1(c) of PN17 | |||
| Paragraph 9.16(1)(a) of the Main LR in respect of the QR June 2012 and QR September 2012 announced on 29 August 2012 and 28 November 2012 respectively which failed to deconsolidate HTSB and its subsidiaries arising from the Winding-Up Order | Public Reprimand and Fine of RM25,000 | ||
5. | Abd Rahim Ambak Independent Non-Executive Director Audit Committee Member (appointed on 21 June 2012) | Paragraph 9.16(1)(a) of the Main LR in respect of the QR June 2012 and QR September 2012 announced on 29 August 2012 and 28 November 2012 respectively which failed to deconsolidate HTSB and its subsidiaries arising from the Winding-Up Order | Public Reprimand and Fine of RM25,000 |
Bursa Malaysia Securities views the above contraventions seriously as the requirement for companies to make timely and accurate disclosure of material information and financial statements are fundamental obligations of listed companies to enable investors to make informed investment decisions and preserve / sustain market integrity and investor confidence.
The finding of breach and imposition of the above penalties on HEXAGON and its directors were made pursuant to paragraph 16.19 of the Main LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including culpability of the directors and materiality of the breaches as follows :-
(a) The knowledge of the directors of the Winding-Up Order and their failure to undertake reasonable assessment and due enquiry to ensure the Company made the First Announcement pursuant to PN17 for triggering the prescribed criteria under paragraph 2.1(c) of PN17 and to ensure that the adjustment arising from the deconsolidation of HTSB was made in the QR June 2012 and QR September 2012;
(b) The role and responsibilities of the directors:-
- i. Tan Beng Wan was the Executive Chairman and Group Chief Executive Officer (Group CEO) responsible for the day-to-day operations of HEXAGON and had approved the Company’s announcement of the Winding-Up Order on 30 July 2012. In addition, the Chief Financial Officer being the person primarily responsible for the financial management and preparation of financial statements of HEXAGON reported to him;
- the Company’s share price had decreased by RM0.035 / 46.7% from RM0.075 on 28 February 2013 to RM0.04 on 1 March 2013 i.e. the next market day of the First Announcement; and
- there was also a high volume of the Company’s shares traded on 1 March 2013 i.e. 3.046 million shares as compared to an average daily volume of 41,650 shares for the preceding 5 market days prior to the First Announcement;
- i. HEXAGON had made the First Announcement on 28 February 2013 upon triggering the prescribed criteria of paragraph 2.1(a) of PN17 and there was material share price and volume movement of the Company’s securities as follows:-
SALCON - Changes in Sub. S-hldr's Int. (29B) - Oversea-Chinese Banking Corporation Limited
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 5 Jun 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CK-140605-F52DA |
Particulars of substantial Securities Holder
| Name | Oversea-Chinese Banking Corporation Limited |
| Address | 65 Chulia Street #06-00 OCBC Centre Singapore 049513 |
| NRIC/Passport No/Company No. | 193200032W |
| Nationality/Country of incorporation | Singapore |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | AmTrustee Bhd 22nd Floor, Bangunan AmBank Group No. 55, Jalan Raja Chulan 50200 Kuala Lumpur OSK Trustee Bhd 6th Floor, Plaza OSK Jalan Ampang 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 02/06/2014 | 57,000 | |
| Disposed | 03/06/2014 | 99,000 |
| 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. |
MAHSING - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 5 Jun 2014 |
| Category | General Announcement |
| Reference No | MS-140605-68EEC |
| Type | Announcement | |||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | |||||||||||||||||||||
| Description | Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Principal Officers have given their notices of dealings in the securities of Mah Sing Group Berhad as detailed hereunder: | |||||||||||||||||||||
This announcement is dated 5 June 2014.
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RCECAP - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
| Company Name | RCE CAPITAL BERHAD |
| Stock Name | RCECAP |
| Date Announced | 5 Jun 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | RC-140605-31DF6 |
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