June 10, 2014

Company announcements: EXTOL, E&O, ICON, OKA, SPSETIA, EKOVEST, BONIA, RCECAP, HARVEST, PTARAS

EXTOL - EXTOL-RESUMPTION OF TRADING

Announcement Type: Listing Circular
Company NameEXTOL MSC BERHAD (ACE Market) 
Stock Name EXTOL  
Date Announced10 Jun 2014  
CategoryListing Circular
Reference NoYL-140610-41062

LISTING'S CIRCULAR NO. L/Q : 70849 OF 2014

Further to Listing's Circular No. L/Q 70697 of 2014, kindly be advised that trading in the above Company's shares will resume with effect from 9.00 a.m., Wednesday, 11 June 2014.

Your attention is drawn to the Company's announcements dated 10 June 2014.


E&O - OTHERS EASTERN & ORIENTAL BERHAD - ENDORSEMENT FROM THE PENANG STATE PLANNING COMMITTEE FOR THE SERI TANJUNG PINANG PHASE 2 MASTERPLAN

Announcement Type: General Announcement
Company NameEASTERN & ORIENTAL BERHAD  
Stock Name E&O    
Date Announced10 Jun 2014  
CategoryGeneral Announcement
Reference NoE&-140610-63105

TypeAnnouncement
SubjectOTHERS
DescriptionEASTERN & ORIENTAL BERHAD
- ENDORSEMENT FROM THE PENANG STATE PLANNING COMMITTEE FOR THE SERI TANJUNG PINANG PHASE 2 MASTERPLAN

We refer to the announcements dated 12 April 2011 and 14 April 2014 in relation to Phase 2 of Seri Tanjung Pinang (“STP2”).

 

The Board of Directors of Eastern & Oriental Berhad (“E&O” or the “Company”) is pleased to announce that another key milestone to undertake STP2 has been achieved.

 

On 10 June 2014, Tanjung Pinang Development Sdn Bhd (“TPD”), a subsidiary of E&O, received notification that TPD’s masterplan for STP2 has been endorsed by the Penang State Planning Committee.

 

This announcement is dated 10 June 2014.



ICON - OTHERS ICON OFFSHORE BERHAD (“ICON” OR “COMPANY”) STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING OF ORDINARY SHARES OF RM0.50 EACH IN ICON (“SHARES”) IN CONJUNCTION WITH ITS LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) (“INITIAL PUBLIC OFFERING”)

Announcement Type: General Announcement
Company NameICON OFFSHORE BERHAD  
Stock Name ICON  
Date Announced10 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140610-62826

TypeAnnouncement
SubjectOTHERS
DescriptionICON OFFSHORE BERHAD (“ICON” OR “COMPANY”)

STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING OF ORDINARY SHARES OF RM0.50 EACH IN ICON (“SHARES”) IN CONJUNCTION WITH ITS LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) (“INITIAL PUBLIC OFFERING”)

We refer to the above subject matter.


In accordance with Section 9(1) of the Capital Markets and Services (Price Stabilisation Mechanism) Regulations 2008, Maybank Investment Bank Berhad, being the stabilising manager (“Stabilising Manager”) in respect of the Initial Public Offering, hereby announces that:

(a) the Shares may be subject to stabilising action;


(b) up to an aggregate 76,615,000 Shares are the subject of an over-allotment option granted to the Stabilising Manager, solely for purposes of covering over-allotments of the Shares in the Initial Public Offering;


(c) the Stabilising Manager may buy up to 76,615,000 Shares to undertake the stabilising action; and


(d) the maximum period during which the Stabilising Manager may stabilise the price of the Shares shall be earlier of (i) 30 days from the commencement of trading of the Shares on the Main Market of Bursa Securities; or (ii) the date when the Stabilising Manager has bought on the Main Market of Bursa Securities, an aggregate of 76,615,000 Shares representing approximately 15.0% of the total number of Shares offered under the Initial Public Offering.


A copy of Maybank IB’s letter dated 10 June 2014 to Bursa Securities relating to the above is attached herewith.


This Announcement is not for publication or distribution, directly or indirectly in whole or in part, in or into the United States. This Announcement is not an offer for sale of the securities of ICON in the United States or any other jurisdiction where it is unlawful to do so. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered, sold, pledged or transferred within or into the United States, unless registered under the Securities Act or pursuant to an exemption under the Securities Act. The securities are being offered and sold to investors outside the United States in offshore transactions in reliance upon Regulation S under the Securities Act. Terms in this paragraph have the meanings given to them by Regulation S under the Securities Act.


This Announcement is dated 10 June 2014.



OKA - Changes in Director's Interest (S135) - Chok Hooa @ Chok Yin Fatt, PMP

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameOKA CORPORATION BHD  
Stock Name OKA  
Date Announced10 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoOC-140602-AD925

Information Compiled By KLSE

Particulars of Director

NameChok Hooa @ Chok Yin Fatt, PMP
Address29, Tingkat Taman Ipoh 5
Taman Ipoh Selatan
31400 Ipoh, Perak Darul Ridzuan
Descriptions(Class & nominal value)ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
10/06/2014
120,000
 

Circumstances by reason of which change has occurredOpen market disposal
Nature of interestdirect
Consideration (if any) 

Total no of securities after change

Direct (units)253,082 
Direct (%)0.21 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice10/06/2014

Remarks :
The notice was received on even date


SPSETIA - 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 NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced10 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-140610-1BEA2

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 - RM0.75
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB)
Citigroup Nominees (Tempatan) Sdn Bhd (NOMURA)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ARIM)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed05/06/2014
500,000
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect
Direct (units)161,214,926 
Direct (%)6.56 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change161,214,926
Date of notice06/06/2014

Remarks :
Form 29B received on 10/6/2014


EKOVEST - OTHERS FACILITATION FUND AGREEMENT BETWEEN EKOVEST PROPERTIES SDN BHD, THE GOVERNMENT OF MALAYSIA (AS REPRESENTED BY PUBLIC PRIVATE PARTNERSHIP UNIT, PRIME MINISTER’S DEPARTMENT) AND BANK PEMBANGUNAN MALAYSIA BERHAD (“BPMB”)

Announcement Type: General Announcement
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced10 Jun 2014  
CategoryGeneral Announcement
Reference NoEE-140610-51163

TypeAnnouncement
SubjectOTHERS
DescriptionFACILITATION FUND AGREEMENT BETWEEN EKOVEST PROPERTIES SDN BHD, THE GOVERNMENT OF MALAYSIA (AS REPRESENTED BY PUBLIC PRIVATE PARTNERSHIP UNIT, PRIME MINISTER’S DEPARTMENT) AND BANK PEMBANGUNAN MALAYSIA BERHAD (“BPMB”)

The Board of Directors of Ekovest Berhad (“Ekovest” or “Company”) is pleased to announce that Ekovest Properties Sdn Bhd (“EPSB”), a wholly-owned subsidiary of the Company, had on 9 June 2014 entered into a facilitation fund agreement with the Government of Malaysia (as represented by Public Private Partnership Unit, Prime Minister’s Department) (“the Government”) and Bank Pembangunan Malaysia Berhad (“BPMB”) in relation to a grant provided to EPSB’s commercial development known as “The Gateway @ KL Bund” (“FFA”)

Full details of the announcement as per attachment enclosed herewith.

Attachments

EB - FFA (FINAL) (1).pdf
216 KB



BONIA - Changes in Director's Interest (S135) - Chiang Sang Bon

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced10 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoBC-140610-3C017

Information Compiled By KLSE

Particulars of Director

NameChiang Sang Bon
Address33, Jalan 9/105
Taman Midah, Cheras
56000 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary Shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
09/06/2014
100
5.300 
Disposed
10/06/2014
54,900
5.300 

Circumstances by reason of which change has occurredThe 55,000 shares were disposed under direct interest on-market.
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)300,000 
Direct (%)0.15 
Indirect/deemed interest (units)9,000 
Indirect/deemed interest (%)0.004 
Date of notice10/06/2014

Remarks :
(1) Deemed interest are shares held through his spouse and child.

(2) The above disposal representing 0.0274% of the adjusted issued shares (excluding treasury shares) of the Company.

(3) This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements.


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 Announced10 Jun 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140610-238D9

Date of buy back10/06/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)65,000
Minimum price paid for each share purchased ($$)0.320
Maximum price paid for each share purchased ($$)0.320
Total consideration paid ($$)20,952.04
Number of shares purchased retained in treasury (units)65,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)32,678,600
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 (%)2.78


HARVEST - OTHERS HARVEST COURT INDUSTRIES BERHAD (“HCIB” or “the Company”) - Notice Pursuant to Section 151 of the Companies Act, 1965

Announcement Type: General Announcement
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced10 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140610-65783

TypeAnnouncement
SubjectOTHERS
DescriptionHARVEST COURT INDUSTRIES BERHAD (“HCIB” or “the Company”)
- Notice Pursuant to Section 151 of the Companies Act, 1965

The Board of Directors of Harvest Court Industries Berhad (“HCIB” or “the Company) wishes to announce that the Company had on 12 May 2014 received the Notice Pursuant to Section 151 of the Companies Act, 1965 (“the Act”) (“Notice”) dated 12 May 2014 from Zenith City Investment Limited (“Zenith”), a substantial shareholder of the Company holding 26,800,000 shares of the Company, representing approximately 10.1% of the total issued and paid up share capital of the Company as at 12 May 2014, requesting the following resolutions be considered, and if though fit, passing with or without modification at the Annual General Meeting (“AGM”) of the Company :-

ORDINARY RESOLUTION 1

"That anyone appointed to be Director of the Company on and from 9th May 2014 (if any) be removed as Directors of the Company with immediate effect.”

ORDINARY RESOLUTION 2

“That subject to him having consented to act as a director, Datuk Chai Woon Chet (NRIC No. 781224-06-5263) be and is hereby, appointed as a director of the Company, with immediate effect.”

ORDINARY RESOLUTION 3

“That subject to him having consented to act as a director, Wong Kwai Wah (NRIC No. 570302-08-7071) be and is hereby, appointed as a director of the Company, with immediate effect.”

ORDINARY RESOLUTION 4

“That subject to him having consented to act as a director, Dato’ Seri Abdul Azim bin Mohd Zabidi (NRIC No. 590711-08-5593) be and is hereby, appointed as a director of the Company, with immediate effect.”

The Notice is also attached together with the following items :-

i) Bank Draft in the sum of RM10,000.00 in favour of the Company, as a sum reasonably sufficient to meet the Company’s expenses in giving full effect of Section 151 of the Act;

ii) Brief CVs of the 3 proposed New Directors; and

iii) Statutory Declarations (Form 48A) duly affirmed by the proposed New Directors.

Zenith has in the Notice requested the Company to provide a written undertaking that the Company will comply with all the requirements under Section 151 of the Act in order to give full effect of the Notice, within 48 hours from the date of received the Notice.

The Company had on 14 May 2014 written to Zenith informing that there is no regulation providing that the Company is required to provide a written undertaking within 48 hours. However, the Board of Directors of the Company will convene a meeting to discuss on the Notice in due course.

On 16 May 2014, the Company received second letter from Zenith request the Company to update the status on the reply for the Notice.

On 22 May 2014, the Company had called for a Board meeting to discuss on the Notice. The Board was informed by Datuk Raymond Chan Boon Siew, the Managing Director & Chief Executive Officer of the Company that he had on 9 May 2014 met with Datuk Chai Woon Chet (“Datuk Chai”) wherein Datuk Chai stated the following :-

i) that he together with Zenith and/or other third parties collectively have about 33% to 34% shareholding in the Company;

ii) that he has property development projects that he intends to inject into the Company but failed to provide any details supporting the same;

iii) that Mr Kenneth Vun holds more than 10% of shareholding and is supporting him; and

iv) that he together with Zenith and/or other third parties including but not limited to Mr Kenneth Vun (hereinafter known collectively as “the Requisitionists”) are attempting to circumvent the mandatory general offer.

After due discussion, the Board was unable to form an opinion on the Notice and agreed to seek for legal opinions from the solicitors on the said matter.

On 28 May 2014, the Company had called for another Board meeting to discuss the Notice.  After due deliberation and considering the legal opinions from the solicitors, the Board decided that the Company not to comply with the Notice and proceed to hold its AGM on 20 June 2014 without circulating the Notice due to the following justification :-

i) At all material times, there is no disclosure or notification from Mr. Kenneth Vun that he holds more than 10% of the Company's shares. Given the statements made by Datuk Chai at item (iii) above, Mr. Kenneth Vun whom is said to be holding more than 10% of the Company's shares may have breached Section 69E of the Act for failing to notify the Company of his substantial shareholding.

ii) Further, in the event that the Requisitionists do collectively have 33% of the Company's shares, it is mandatory for them to make a general offer to the Company' shareholders as per Section 9(1) of the Malaysian Code on Take Overs and Mergers 2010 ("the Code").

iii) However, it seems that the Requisitionists may be attempting to bypass or avoid the mandatory general offer ("MGO") when they failed to formally disclose to the Company that they collectively have 33% or more of the Company's shares. Hence, there could be a possible breach of Section 9(1) of the Code.

iv) Section 13(1) of the Code has an implied prohibition against participating in management of a target company without making a mandatory offer.

The Board is of a view in light of the prohibition and the breaches aforesaid and further in their duty to protect the interest of all shareholders, have decided not to circulate the proposed resolutions.

On 3 June 2014, the Company had lodged a complaint to Bursa Malaysia Securities Berhad (“Bursa Securities”) and Securities Commission (“SC”) via its letter dated 2 June 2014 requested Bursa Securities and SC to investigate on the possible breaches by the Requisitionist in related to the abovesaid matter.

This announcement is dated 10 June 2014.

 



PTARAS - OTHERS AWARD OF CONTRACT FOR EARTHWORKS AND PILING WORKS

Announcement Type: General Announcement
Company NamePINTARAS JAYA BHD  
Stock Name PTARAS  
Date Announced10 Jun 2014  
CategoryGeneral Announcement
Reference NoPJ-140610-36979

TypeAnnouncement
SubjectOTHERS
DescriptionAWARD OF CONTRACT FOR EARTHWORKS AND PILING WORKS

The Board of Pintaras Jaya Berhad ("PJB") is pleased to announce that the Company's wholly-owned subsidiary, Pintaras Geotechnics Sdn. Bhd. has, on 10th June 2014, received a Letter of Award dated 9th June 2014 from Quantum Quest Sdn. Bhd. to undertake earthworks and piling works for a proposed building project at Section 87A, Jalan Tun Razak, Kuala Lumpur. The said works is to commence on 23rd June 2014 with a completion period of 15 months. The contract is valued at about RM32 million.

The said contract is expected to contribute positively to PJB Group's future earnings.

None of the Directors or Substantial Shareholders or persons connected to the Directors or Substantial Shareholders has any interest, directly or indirectly in the said contract.




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