June 27, 2014

Company announcements: CMSB, CCM, HAPSENG, IJM, MULPHA, TURIYA, TCHONG, TAANN

CMSB - Changes in Sub. S-hldr's Int. (29B) - Sarawak Economic Development Corporation

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameCAHYA MATA SARAWAK BERHAD  
Stock Name CMSB  
Date Announced27 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-140627-42EE2

Particulars of substantial Securities Holder

NameSarawak Economic Development Corporation
Address6th – 11th Floor
Menara SEDC, Jalan Tunku Abdul Rahman
93100 Kuching, Sarawak
NRIC/Passport No/Company No.PPESORD31967
Nationality/Country of incorporationSarawak Ordinance
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderSarawak Economic Development Corporation
6th – 11th Floor
Menara SEDC, Jalan Tunku Abdul Rahman
93100 Kuching, Sarawak

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/06/2014
53,930,720
 

Circumstances by reason of which change has occurredShare split and bonus issue
Nature of interestDirect interest
Direct (units)80,896,080 
Direct (%)7.81 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change80,896,080
Date of notice26/06/2014

Remarks :
The Form 29B dated 26 June 2014 was received by the Company on 27 June 2014.


CMSB - Changes in Sub. S-hldr's Int. (29B) - Dato Sri Mahmud Abu Bekir Taib

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameCAHYA MATA SARAWAK BERHAD  
Stock Name CMSB  
Date Announced27 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-140627-3ECCA

Particulars of substantial Securities Holder

NameDato Sri Mahmud Abu Bekir Taib
Address936 Jalan Bako, Petra Jaya, 93050 Kuching, Sarawak
NRIC/Passport No/Company No.631103-13-5057
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderDato Sri Mahmud Abu Bekir Taib
936 Jalan Bako, Petra Jaya, 93050 Kuching, Sarawak

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/06/2014
58,800,170
 

Circumstances by reason of which change has occurredShare split and bonus issue
Nature of interestDirect interest
Direct (units)88,200,255 
Direct (%)8.51 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change88,200,255
Date of notice26/06/2014

Remarks :
The Form 29B dated 26 June 2014 was received on 27 June 2014.


CCM - OTHERS Proposed Internal Restructuring

Announcement Type: General Announcement
Company NameCHEMICAL COMPANY OF MALAYSIA BERHAD  
Stock Name CCM  
Date Announced27 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140627-58039

TypeAnnouncement
SubjectOTHERS
DescriptionProposed Internal Restructuring


1.0 BACKGROUND

 


We are pleased to announce that the Board of Directors of the Chemical Company of Malaysia Berhad (“CCM” or “the Company”) has approved the Proposed Internal Restructuring Exercise involving the disposal of the Company’s 50.1% equity interest in CCM Fertilizers Sdn Bhd and 100% equity interest, in both CCM Agriculture Sdn Bhd and CCM Agriculture (Sabah) Sdn Bhd (collectively referred to as the “Target Companies”) to its wholly-owned subsidiary, CCM Agri-Max Sdn Bhd (“Proposed Internal Restructuring”).



2.0 PARTIES TO THE PROPOSED INTERNAL RESTRUCTURING

2.1  The Company is an investment holding and management company with subsidiaries engaged in the manufacturing and marketing of fertilizers, chemicals and pharmaceuticals products and services and is listed on the Main Board of Bursa Malaysia Securities Berhad (“Bursa Malaysia”).

2.2
CCM Agri-Max Sdn Bhd (“CCMAM”) is a private company limited by shares and is incorporated in Malaysia. CCMAM is a wholly owned subsidiary of the Company and is principally engaged in the trading of a wide range of fertilizers.

2.3 CCM Fertilizers Sdn Bhd (“CCMF”) is a private company limited by shares and is incorporated in Malaysia. CCMF is principally engaged in manufacturing and marketing of a wide range of fertilizers. The Company holds 50.1% of the equity interest in CCMF, whereas the remaining 49.9% is held by Lembaga Tabung Haji.

2.4 CCM Agriculture Sdn Bhd (“CCMA”) is a private company limited by shares and is incorporated in Malaysia. CCMA is a wholly owned subsidiary of the Company and is principally engaged in the manufacturing and marketing of fertilizers.

2.5
CCM Agriculture (Sabah) Sdn Bhd (“CCMAS”) is a private company limited by shares and is incorporated in Malaysia. CCMAS is a wholly owned subsidiary of the Company and is principally engaged in the manufacturing and marketing of fertilizers.

1.0 3.0 3.0 DETAILS OF THE PROPOSED INTERNAL RESTRUCTURING


3.1 Under the proposed internal restructuring, the Company shall dispose its shares held in the Target Companies to CCMAM with all rights attached or accruing to them and free from all encumbrances and subject to and upon the terms and conditions as stipulated in the Share Sale Agreements referred to in paragraph 3.3 below.

3.2
The following total purchase consideration was arrived at after taking into account the costs of investment of the Company in the Target Companies on a willing buyer and willing seller basis and shall be satisfied via the issuance of new CCMAM shares to the Company as follows:-

Name of Target Company

CCM’s Direct Total Equity

(%)

CCM’s Shareholding (no. of shares)

Vendor

Purchaser

Total Consideration (RM)

Total Number of New Shares to be Issued by CCMAM

CCMF

50.1

19,539,000

CCM

CCMAM

34,929,600

12,256,000

CCMA

100.0

2,500,100

CCM

CCMAM

4,755,166

2,500,100

CCMAS

100.0

2,500,100

CCM

CCMAM

2,500,100

2,500,100

Total

 

 

 

 

42,184,866

17,256,200



3.3 In relation to the proposed internal restructuring, the following Agreements were executed on 27 June 2014:

a) Share Sale Agreement between the Company and CCMAM in respect of the disposal of 50.1% equity interest in CCMF.

b)
Share Sale Agreement between the Company and CCMAM in respect of the disposal of 100% equity interest in CCMA.

c)
Share Sale Agreement between the Company and CCMAM in respect of the disposal of 100% equity interest in CCMAS.


4.0 RATIONALE FOR THE PROPOSED INTERNAL RESTRUCTURING

4.1
The Proposed Internal Restructuring is part of CCM Group’s continuous performance enhancement programme, with all three business divisions implementing various operational initiatives to consolidate their positions, which include cost optimization and business portfolio rationalization strategies. This is done together with other various strategic initiatives to establish a solid foundation for future growth.

4.2
The Proposed Internal Restructuring will create a Fertilizers Division flagship company which will be under the purview of a single board. This is expected to enhance and streamline the corporate governance practices and policies and procedures as well as ensure that risks are better managed throughout the CCM Group.


5.0
EFFECTS OF THE PROPOSED INTERNAL RESTRUCTURING

The Proposed Internal Restructuring will not have any material effect on the share capital, shareholding structure, earnings per share, net assets per share and gearing of the Company for the financial year ending 31 December 2014.


6.0
APPROVALS REQUIRED

The Proposed Internal Restructuring is subject to consents/ approvals and/or waivers being obtained from all the relevant third parties, if necessary, pursuant to the covenants under any contract or undertaking or instrument to which the Company, CCMAM, CCMF, CCMA and/ or CCMAS are a party.


7.0
INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED

None of the Directors and/or major shareholders or persons connected to them has any interest, direct or indirect in the Proposed Internal Restructuring.


8.0
EXPECTED TIME OF COMPLETION OF THE PROPOSED INTERNAL RESTRUCTURING

Barring any unforeseen circumstances, the Proposed Internal Restructuring is expected to be completed by the third quarter of 2014.


9.0
DIRECTORS STATEMENT

Having considered all aspects of the Proposed Internal Restructuring, the Board of Directors is of the opinion that the Proposed Internal Restructuring is in the best interest of the Company.


10.0 DOCUMENTS FOR INSPECTION

The Share Sale Agreements of the respective Target Companies are available for inspection by the shareholders of the Company at the Registered Office of the Company at 13th Floor, Menara PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur during normal office hours from Mondays to Fridays (except public holidays) for a period of three (3) months commencing from the date of this announcement.


This announcement is dated 27 June 2014.


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

Announcement Type: General Announcement
Company NameHAP SENG CONSOLIDATED BERHAD  
Stock Name HAPSENG  
Date Announced27 Jun 2014  
CategoryGeneral Announcement
Reference NoHS-140625-C2656

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionHAP SENG CONSOLIDATED BERHAD (“HSCB”/the “Company”)
Proposed disposal of all those six (6) parcels of leasehold land held under CL 105458606, CL 105458615, CL 105458624, CL 105458571, CL 105458580 and CL 105458599 situated at Jalan Tiku, District of Tawau, State of Sabah

Reference is made to the announcement dated 19 June 2014 on the Proposed Disposals (said Announcement). Unless otherwise stated, the abbreviations and definitions used herein shall have the same meanings as those used in the said Announcement.

The Board of Directors is pleased to announce that the Proposed Disposals were completed on even date in accordance with the terms and conditions of the SPAs.

cc: Securities Commission



IJM - 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 NameIJM CORPORATION BERHAD  
Stock Name IJM  
Date Announced27 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIC-140627-21560

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.Not Applicable
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1 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)
Disposed24/06/2014
385,700
 

Circumstances by reason of which change has occurredTransaction of Securities
Nature of interestDirect
Direct (units)152,705,489 
Direct (%)10.413 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change152,705,489
Date of notice27/06/2014

Remarks :
Re : Form 29B dated 25 June 2014.


MULPHA - Changes in Sub. S-hldr's Int. (29B) - HONEST OPPORTUNITY LIMITED

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMULPHA INTERNATIONAL BERHAD  
Stock Name MULPHA  
Date Announced27 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMI-140627-24EC5

Particulars of substantial Securities Holder

NameHONEST OPPORTUNITY LIMITED
Address47/F, CHINA ONLINE CENTRE
333 LOCKHART ROAD
WANCHAI, HONG KONG
NRIC/Passport No/Company No.356304
Nationality/Country of incorporationBRITISH VIRGIN ISLANDS
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderALLIANCE INVESTMENT BANK BERHAD
SUN HUNG KAI INVESTMENT SERVICES LIMITED FOR
HONEST OPPORTUNITY LIMITED
Level 20, Menara Multi-Purpose
Capital Square
8 Jalan Munshi Abdullah
50100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed23/06/2014
777,200
 
Disposed24/06/2014
210,900
 

Circumstances by reason of which change has occurredDISPOSAL THROUGH OPEN MARKET
Nature of interestBENEFICIAL OWNER
Direct (units)117,274,100 
Direct (%)5.5 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change117,274,100
Date of notice27/06/2014


TURIYA - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameTURIYA BERHAD  
Stock Name TURIYA  
Date Announced27 Jun 2014  
CategoryChange in Boardroom
Reference NoTT-140218-58284

Date of change27/06/2014
NameKhaled Yusuf Abdulla AbdulKarim Janahi
Age54
NationalityBahraini
Type of changeAppointment
DesignationDirector
DirectorateIndependent & Non Executive
QualificationsHe holds a Bachelor of Science degree in Computer Science and Accountancy from the University of Manchester, UK and a Fellow of the Institute of Chartered Accountants in England and Wales.  
Working experience and occupation He has more than 27 years of working experience in banking sector.

Currently he is the Group Chief Executive of Dar Al-Maal Al-Islami Trust (DMI Trust, Chairman of Faisal Private Bank (Switzerland, DMI Administrative Services, Islamic Investment Company of the Gulf (Bahamas) Ltd., Solidarity Group, Naseej and Ithmaar Development Company, Bahrain.

He is also the Chairman of the Executive Committee and member of the Board of Saudi Takaful Company, Saudi Arabia.

Also a member of the Board of Ithmaar Bank B.S.C.,Bahrain, Faisal Islamic Bank of Egypt and Centre for International Business and Management (CIBAM) at the University of Cambridge. 
Directorship of public companies (if any)Ithmaar Bank B.S.C., Bahrain. 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


TCHONG - 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 NameTAN CHONG MOTOR HOLDINGS BERHAD  
Stock Name TCHONG  
Date Announced27 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTC-140627-60A42

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
Employees Provident Fund Board
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)
Acquired24/06/2014
500,000
 

Circumstances by reason of which change has occurredAcquisition
Nature of interestDirect
Direct (units)52,214,400 
Direct (%)7.9984 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change52,214,400
Date of notice25/06/2014

Remarks :
Form 29B dated 25/06/2014 from Employees Provident Fund Board was received by the Company on 27/06/2014. The percentage shareholding of Employees Provident Fund Board's direct interest is computed based on the share capital of the Company (less treasury shares) of 652,812,000 shares.


TAANN - Changes in Director's Interest (S135) - Dato Wong Kuo Hea

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTA ANN HOLDINGS BERHAD  
Stock Name TAANN  
Date Announced27 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-140627-7FA2D

Information Compiled By KLSE

Particulars of Director

NameDato Wong Kuo Hea
AddressT Park, Block H3-2, Lorong Sena 2, 96000 Sibu, Sarawak.
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)
Acquired
26/06/2014
200
4.340 
Acquired
26/06/2014
300
4.270 
Acquired
26/06/2014
1,000
4.260 

Circumstances by reason of which change has occurredDeemed interested by virtue of his and his spouse's substantial shareholdings in Mountex Satu Sdn. Bhd.
Nature of interestIndirect interest
Consideration (if any) 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)4,023,279 
Indirect/deemed interest (%)1.0857 
Date of notice27/06/2014

Remarks :
This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealings outside closed period. The above acquisition represents 0.0003% of the issued ordinary shares of the Company.


TAANN - Changes in Director's Interest (S135) - Datuk Amar Abdul Hamed Bin Haji Sepawi

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTA ANN HOLDINGS BERHAD  
Stock Name TAANN  
Date Announced27 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-140627-7FA34

Information Compiled By KLSE

Particulars of Director

NameDatuk Amar Abdul Hamed Bin Haji Sepawi
Address9, Luak Bay, 98000 Miri, Sarawak.
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)
Acquired
26/06/2014
200
4.340 
Acquired
26/06/2014
300
4.270 
Acquired
26/06/2014
1,000
4.260 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial shareholdings in Mountex Satu Sdn. Bhd.
Nature of interestIndirect interest
Consideration (if any) 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)4,023,279 
Indirect/deemed interest (%)1.0857 
Date of notice27/06/2014

Remarks :
This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealings outside closed period. The above acquisition represents 0.0003% of the issued ordinary shares of the Company.


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