June 23, 2014

Company announcements: DIGISTA, SUMATEC, MRCB, PELIKAN, KPS

DIGISTA - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameDIGISTAR CORPORATION BERHAD  
Stock Name DIGISTA  
Date Announced23 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140623-65958

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionDIGISTAR CORPORATION BERHAD ("DIGISTAR" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DIGISTAR ("PROPOSED PRIVATE PLACEMENT"

On behalf of the Board of Directors of Digistar, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake a private placement of up to 10% of the issued and paid-up share capital of the Digistar, to third party investor(s) to be identified and at an issue price to be determined later.

Further details of the Proposed Private Placement are set out in the attachment.


This announcement is dated 23 June 2014.



SUMATEC - OTHERS SUMATEC RESOURCES BERHAD ("SUMATEC" OR "THE COMPANY") - UPDATE IN CERTIFIED RESERVES AT THE RAKUSHECHNOYE FIELD

Announcement Type: General Announcement
Company NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC  
Date Announced23 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140623-AA45D

TypeAnnouncement
SubjectOTHERS
DescriptionSUMATEC RESOURCES BERHAD ("SUMATEC" OR "THE COMPANY")
- UPDATE IN CERTIFIED RESERVES AT THE RAKUSHECHNOYE FIELD

We are pleased to attach herewith a press release dated 23 June 2014 entitled "UPDATE IN CERTIFIED RESERVES AT THE RAKUSHECHNOYE FIELD".

This announcement is dated 23 June 2014.



MRCB - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB  
Date Announced23 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140623-63330

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionMALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR “COMPANY”)

(i) PROPOSED ACQUISITIONS;
(ii) PROPOSED FREE WARRANTS
(iii) PROPOSED EXEMPTION;
(iv) PROPOSED IASC; AND
(v) PROPOSED AMENDMENTS.

(TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS)

We refer to the previous announcements made by RHB Investment Bank on behalf of the Board in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Proposals.

On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities had, vide its letter dated 23 June 2014, approved an extension of time until 3 December 2014 for the Company to complete the Acquisition of 70% of P.J Sentral, Proposed Acquisition of 30% of P.J Sentral and the payment of the Balance Purchase Consideration for the Acquisition of GHC, pursuant to paragraph 6.63(1) of the Main Market Listing Requirements of Bursa Securities.


This announcement is dated 23 June 2014.



PELIKAN - Changes in Director's Interest (S135) - Loo Hooi Keat

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePELIKAN INTERNATIONAL CORPORATION BERHAD  
Stock Name PELIKAN  
Date Announced23 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoPI-140613-A3234

Information Compiled By KLSE

Particulars of Director

NameLoo Hooi Keat
Address14, Jalan SS19/4E,
Subang Jaya,
47500 Petaling Jaya,
Selangor Darul Ehsan.
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)
Disposed
18/06/2014
250,000
1.550 

Circumstances by reason of which change has occurredDisposal of 250,000 shares (0.05%) by PBS Office Supplies Holding Sdn Bhd ("PBS Office") through Bursa Malaysia Securities Berhad. Deemed interested pursuant to Section 6A(4)(c) of the Companies Act, 1965 by virtue of shareholdings in PBS Office.
Nature of interestIndirect.
Consideration (if any) 

Total no of securities after change

Direct (units)49,584,723 
Direct (%)9.76 
Indirect/deemed interest (units)44,478,852 
Indirect/deemed interest (%)8.76 
Date of notice23/06/2014


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

Announcement Type: General Announcement
Company NameKUMPULAN PERANGSANG SELANGOR BERHAD  
Stock Name KPS  
Date Announced23 Jun 2014  
CategoryGeneral Announcement
Reference NoKP-140623-66985

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionKUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR” OR “COMPANY”)

- PROPOSED PURCHASE BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), A COMPANY WHOLLY-OWNED BY THE SELANGOR STATE GOVERNMENT VIA MENTERI BESAR SELANGOR (INCORPORATED) OF 90.83% EQUITY IN TITISAN MODAL (M) SDN BHD (“TMSB”) (“PROPOSED PURCHASE”) AND THE RESOLUTION OF THE RM150 MILLION NOMINAL AMOUNT BAI-BITHAMIN AJIL ISLAMIC DEBT SECURITIES A (“BaIDS A”) AND RM50 MILLION NOMINAL AMOUNT BAI-BITHAMIN AJIL ISLAMIC DEBT SECURITIES (“BaIDS B”) BOTH ISSUED BY VIABLE CHIP (M) SDN BHD (“VCSB”), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY VIDE THE ASSUMPTION OF SUCH LIABILITIES BY KDEB (“PROPOSED RESOLUTION”)

(PROPOSED PURCHASE AND PROPOSED RESOLUTION ARE COLLECTIVELY REFERRED TO AS “PROPOSALS”)
The Board of Directors of Perangsang Selangor (“Board”), with the exception of YM Raja Haji Idris Raja Kamarudin and Encik Suhaimi Bin Kamaralzaman (“Interested Directors”) who are Directors of KDEB and deemed interested, wishes to announce that the Company has received an offer letter dated 20 June 2014 (“Offer”) in relation to the Proposals on the evening of the same day. The Board (except for the Interested Directors) at its meeting today, has resolved to accept the Offer from KDEB after deliberating on the Proposals on the following indicative terms and conditions: -
(i) The Proposed Purchase of the 90.83% equity in TMSB for an indicative consideration of RM78.054 million; and
    (ii) The Proposed Resolution of the BaIDS A and BaIDS B via KDEB’s assumption of the liabilities amounting to an aggregate nominal amount of RM200.0 million as consideration for the settlement of inter-company debt.

    The Company expects to commence negotiations with KDEB to finalise the terms and conditions of the definitive agreement(s) to be executed by the parties in relation to the Proposals, which are conditional upon, amongst others, the approval of the shareholders of the Company at an extraordinary general meeting (“EGM”) to be convened.

    In view that the Proposals are deemed as related party transaction, the Board has appointed an independent adviser pursuant to Paragraph 10.08(2)(c) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), to advise the non-interested shareholders in relation to the Proposals. The Interested Directors have abstained and will continue to abstain from all deliberation and voting at the relevant meetings of the Board in relation to the Proposals.

    The Company will make the requisite announcements and disclose the detailed information to Bursa Securities as required under the Main Market Listing Requirements of Bursa Securities once the terms and conditions of the Proposals are finalised pursuant to the definitive agreement(s) to be signed.

    This announcement is dated 23 June 2014.


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