CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | CIMB FTSE ASEAN 40 MALAYSIA |
| Stock Name | CIMBA40 |
| Date Announced | 20 Jun 2014 |
| Category | General Announcement |
| Reference No | OB-140620-67225 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: CIMB FTSE ASEAN 40 Malaysia Date: 20-Jun-2014 NAV per unit (RM): 1.7250 Units in circulation (units): 1,350,000.00 Management Fee (% p.a.): 0.00 Trustee Fee (% p.a.): 0.08 Index Licence Fee (% p.a.): 0.00 FTSE/ASEAN 40 Index: 11,086.29 |
CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | CIMB FTSE CHINA 25 |
| Stock Name | CIMBC25 |
| Date Announced | 20 Jun 2014 |
| Category | General Announcement |
| Reference No | OB-140620-67169 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: CIMB FTSE China 25 Date: 20-Jun-2014 NAV per unit (RM): 0.9902 Units in circulation (units): 9,750,000.00 Management Fee (% p.a.): 0.60 Trustee Fee (% p.a.): 0.08 Index Licence Fee (% p.a.): 0.04 FTSE/Xinhua China 25 Index: 16,514.04 |
MRCB - OTHERS ACQUISITION OF 40% EQUITY INTEREST IN EXCELLENT BONANZA SDN BHD FROM ASPL M3A LIMITED
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 20 Jun 2014 |
| Category | General Announcement |
| Reference No | MR-140620-68052 |
| Type | Announcement |
| Subject | OTHERS |
| Description | ACQUISITION OF 40% EQUITY INTEREST IN EXCELLENT BONANZA SDN BHD FROM ASPL M3A LIMITED |
Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce that it had today entered into a Sale and Purchase Agreement of Shares (“SPA”) with ASPL M3A Limited (“ASEANA”) for the acquisition of the remaining 40% equity interest in Excellent Bonanza Sdn Bhd (“EBSB”) for a total cash consideration of RM16,960,000. The detailed announcement on the acquisition is attached herewith. | |
SILKHLD - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | SILK HOLDINGS BERHAD |
| Stock Name | SILKHLD |
| Date Announced | 20 Jun 2014 |
| Category | General Announcement |
| Reference No | MI-140620-63754 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SILK HOLDINGS BERHAD (“SHB” OR “COMPANY”) PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST IN SISTEM LINGKARAN-LEBUHRAYA KAJANG SDN BHD (“SILK”) FOR A CASH DISPOSAL CONSIDERATION OF RM395.00 MILLION (“PROPOSED DISPOSAL”) |
We refer to the announcements dated 27 May 2014 and 16 June 2014 in relation to the proposed disposal of the entire equity interest in SILK. On
behalf of the Board of Directors of SHB, AFFIN Investment Bank Berhad wishes to
announce that SHB has on 20 June 2014, entered into a conditional share sale
agreement with Road Builder (M) Holdings Bhd in relation to the Proposed
Disposal. Please
refer to the attachment for further information on the Proposed Disposal. This
announcement is dated 20 June 2014. | |
HIBISCS - OTHERS Acquisition of a company
| Company Name | HIBISCUS PETROLEUM BERHAD |
| Stock Name | HIBISCS |
| Date Announced | 20 Jun 2014 |
| Category | General Announcement |
| Reference No | HP-140620-56518 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Acquisition of a company |
Hibiscus Petroleum Berhad wishes to announce that it has today acquired
Timor Hibiscus Limited (LL10824) (Timor Hibiscus), a company incorporated in
Labuan under the Labuan Companies Act 1990, with an issued and paid-up capital
of USD1.00 comprising of 1 ordinary share of USD1.00 each. Timor Hibiscus is a
wholly-owned subsidiary of Hibiscus Petroleum Berhad. This announcement is dated 20 June 2014. | |
MAHSING - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 20 Jun 2014 |
| Category | General Announcement |
| Reference No | MS-140620-8966E |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MAH SING GROUP BERHAD (“MAH SING” OR “COMPANY”) PROPOSED ACQUISITION BY NATURE LEGEND DEVELOPMENT SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MAH SING, OF ALL THAT 20 PIECES OF PRIME FREEHOLD CONTIGUOUS LAND WITH POTENTIAL GROSS DEVELOPMENT VALUE OF APPROXIMATELY RM400 MILLION IN JAWI, PENANG MEASURING APPROXIMATELY 76.38 ACRES FOR A CASH CONSIDERATION OF RM42,589,001.27 |
Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 10 December 2013. Further to our announcements on 10 December 2013, 24 December 2013 and 10 June 2014, the Board of Directors of Mah Sing wishes to announce that due to the breach of obligations by Vendor 2 under the sale and purchase agreement entered into between Nature Legend and Vendor 2 on 10 December 2013 in respect of Land 2 (“SPA for Land 2”), the solicitors of Nature Legend had, on 20 June 2014, issued a notice to Vendor 2 terminating the SPA for Land 2 with immediate effect in accordance with the terms of the said agreement. The solicitors of Nature Legend had also, on the same day, issued separate notices to Vendor 1, Vendor 3 and Vendor 4 to terminate the SPAs in respect of Land 1, Land 3 and Land 4 respectively with immediate effect as the SPAs are regarded as one and the same transaction. Pursuant to the terms of the SPAs, the Vendors shall, within 14 days from the date of receipt of termination notice from Nature Legend, refund all moneys including the Deposit of RM4,258,900.11 paid by Nature Legend to the Vendors free of interest. In addition, Nature Legend shall be seeking all damages as may be available in law and in equity against the Vendors. The termination is not expected to have any material impact on the net asset per share and earnings per share of the Group for the financial year ending 31 December 2014. This announcement is dated 20 June 2014. | |
KAMDAR - OTHERS KAMDAR GROUP (M) BERHAD ("KGMB" or "the Company") - REPORT OF THE SPECIAL AUDITORS ON WITHDRAWALS OF FUNDS
| Company Name | KAMDAR GROUP (M) BERHAD |
| Stock Name | KAMDAR |
| Date Announced | 20 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140619-50814 |
| Type | Announcement |
| Subject | OTHERS |
| Description | KAMDAR GROUP (M) BERHAD ("KGMB" or "the Company") - REPORT OF THE SPECIAL AUDITORS ON WITHDRAWALS OF FUNDS |
Reference is made to the previous announcements dated 24 March 2014, 16 April 2014, 7 May 2014 and 3 June 2014. The Board has on the recommendation of the Audit Committee appointed Morison Anuarul Azizan Chew to carry out a special investigative audit into the alleged withdrawal of funds totaling RM 8.7 million and other related withdrawals from the Bank Accounts of Kamdar Sdn Bhd ("KSB"), which is a wholly owned subsidiary. MATERIAL FINDINGS The Special Auditors have found that there were four non-business withdrawals transactions amounting to RM 8,842,306 effected from KSB’s bank accounts from 23rd March till 26th March 2005 by two individuals who were former officers of KGMB. 1. RM 2,420,000 was on 23rd March 2005 withdrawn by way of a cash cheque that was encashed by two individuals. 2. RM 5,762,306 was on 23rd March 2005 utilized to purchase a bank draft for the purpose of purchasing 4,801,920 shares in KGMB from the under-subscribed portion of the shares offered for sale during the listing. These were bought in the name of a third party who claims to be a proxy for one of the individuals. When the shares were sold thereafter the proceeds were given to one of the individuals. 3. RM 580,000 was on 25th March 2005 paid by cheque to the one of the individuals for non KSB business purposes. 4. RM 80,000 was on 26th March 2005 transferred directly to the second individual’s account from KSB’s account by way of internal transfer advice. It was repaid on 11th January 2011. This was an unauthorized payment and could amount to an unauthorised loan. All the cheques and instructions for the above transactions were signed solely by the same individual. Several shareholders advanced a sum of RM 8,763,089 to KSB from 28th March 2005. There is no conclusive proof as to what these advances were for. The Special Auditors concluded that in the General Ledger of KSB, the above transactions were wrongly recorded and the financials were misstated to indicate that they were loans taken by a former director and were subsequently set off by the advances from the shareholders. MATERIAL IMPACT ON FINANCIALS The Special Auditors are of the opinion that whilst there is no impact on the profitability of the company, the Balance sheet for that particular and subsequent years should have reflected these as :- Assets : Amount due from Director / Other Receivables – RM8,842,306 Liability : Amount due to
Shareholders –RM 8,763,089 MEASURES OR STEPS TO BE TAKEN KGMB would amongst others, take the following measures or steps to safeguard its assets and interest:- 1. Seek legal advice on the possible causes of action KGMB can take to recover the funds withdrawn; 2. If
necessary lodge reports with the police and other relevant authorities; 3. Consult
the Auditors of the company on the reclassification and inclusion of the debt
and assets into the General Ledger of the company. 4. Review
the current internal control process to ensure that similar transactions will
not recur. 5. Seek
advise on the advances and consult with relevant parties and if necessary repay
all advances being rightfully and lawfully claimed. This announcement is dated 20 June 2014. | |
BERTAM - GENERAL MEETINGS: OUTCOME OF MEETING
| Company Name | BERTAM ALLIANCE BERHAD |
| Stock Name | BERTAM |
| Date Announced | 20 Jun 2014 |
| Category | General Meetings |
| Reference No | CK-140614-55056 |
| Type of Meeting | AGM |
| Indicator | Outcome of Meeting |
| Date of Meeting | 20/06/2014 |
| Time | 11:00 AM |
| Venue | Crystal Hall 3, Level 4, Crystal Crown Hotel, No. 12, Lorong Utara A, Off Jalan Utara, 46200 Petaling Jaya, Selangor Darul Ehsan |
| Outcome of Meeting | The Board of Directors of Bertam Alliance Berhad ("Bertam") wishes to announce that the shareholders of Bertam have approved all the resolutions set out in the Notice of the Twentieth Annual General Meeting dated 29 May 2014 at its Twentieth Annual General Meeting held on Friday, 20 June 2014. |
BERTAM - Change in Audit Committee
| Company Name | BERTAM ALLIANCE BERHAD |
| Stock Name | BERTAM |
| Date Announced | 20 Jun 2014 |
| Category | Change in Audit Committee |
| Reference No | CK-140614-48172 |
| Date of change | 20/06/2014 |
| Name | Wu Ching Min @ Goh Ching Min |
| Age | 66 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Chairman of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | 1. Master in Business Administration from Cranfield University, Bradford, England. 2. Certificate in Production Management from CDG Gessellschaft, Cologne, Germany. 3. Bachelor of Engineering (Mechanical) from University of Malaya, Kuala Lumpur. |
| Working experience and occupation | Mr. Goh began his career with Asia Automobile Industries in 1973 as a Technical Engineer and was the Assistant Production Manager prior to leaving in 1975. Thereafter, he joined Royal Selangor International as a Production Controller and was promoted to General Manager in 1993, a position he held until 1997. From 1997 to 2001, he was the General Manager of Zonson Sports (M) Sdn Bhd. From 2001 to 2004, he was with Emas Kiara Industrial Bhd as Senior General Manager. He was the Operations Advisor of Lion Petroleum Products Sdn Bhd in 2004 before moving on to become a part-time lecturer for advanced diploma in Logistics & Purchasing, International Management and Operations Management between 2006 to 2009 and 2010 to 2011 at TAR College. Mr. Goh returned to Emas Kiara Industrial Berhad for a short period of time before joining Smart Glove Corporation Sdn Bhd as Senior Group General Manager in 2009. At present, he is attached to The Malaysian Current Law Journal Sdn Bhd as the Group General Manager. Mr. Goh has over 41 years of working experience in general management, marketing management, human resources management, manufacturing, quality control, warehousing and logistics management. |
| Directorship of public companies (if any) | None |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Composition of Audit Committee (Name and Directorate of members after change) | 1. Wu Ching Min @ Goh Ching Min - Independent Non-Executive Director (Chairman of Audit Committee) 2. Khoo Hui Giok - Non-Independent Non-Executive Director (Member of Audit Committee) |
| Remarks : |
| The Board is in the midst of identifying a suitable candidate to comply with Paragraph 15.09(1)(a) of the Main Market Listing Requirements within three months after the resignation of Haji Hamdan Bin Yahya on 20 June 2014. |
BERTAM - Change in Audit Committee
| Company Name | BERTAM ALLIANCE BERHAD |
| Stock Name | BERTAM |
| Date Announced | 20 Jun 2014 |
| Category | Change in Audit Committee |
| Reference No | CK-140612-59285 |
| Date of change | 20/06/2014 |
| Name | Haji Hamdan Bin Yahya |
| Age | 64 |
| Nationality | Malaysian |
| Type of change | Resignation |
| Designation | Chairman of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | B.A (Hons) University of Malaya |
| Working experience and occupation | Haji Hamdan Bin Yahya started his career as Johor Civil Service officer in 1973. He was in the civil service from 1973 to 1981, after which he joined the private sector. He has over 25 years of experince in the business sector. He gained experiences in many fields and specialises in corporate and property management. He has been participating in the federal and state government trade mission to USA, Europe, Taiwan, Japan and etc. |
| Directorship of public companies (if any) | Olympia Industries Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Composition of Audit Committee (Name and Directorate of members after change) | 1. Wu Ching Min @ Goh Ching Min - Independent Non-Executive Director (Member of Audit Committee). 2. Khoo Hui Giok - Non-Independent Non-Executive Director (Member of Audit Committee). |
| Remarks : |
| The Board is in the midst of identifying a suitable candidate to fill the vacancy created by the resignation of Haji Hamdan Bin Yahaya to comply with Paragraph 15.09(1)(a) of the Main Market Listing Requirements within three months from the date of Haji Hamdan Bin Yahya's resignation. |
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