June 27, 2014

Company announcements: KEINHIN, TEKSENG, DESTINI, HARNLEN, KYM, SINOTOP, FFHB, EKOVEST, FRB

KEINHIN - PUBLIC SHAREHOLDINGS SPREAD

Announcement Type: General Announcement
Company NameKEIN HING INTERNATIONAL BERHAD  
Stock Name KEINHIN  
Date Announced27 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140613-43591

TypeAnnouncement
SubjectPUBLIC SHAREHOLDINGS SPREAD
DescriptionKEIN HING INTERNATIONAL BERHAD ("KHIB" OR "THE COMPANY")
- Public Shareholding Spread Requirement Pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements

We refer to our announcements made on 5 May 2014 and 23 May 2014 in relation to the 25% public shareholding spread of the Company.

Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 23 May 2014, granted its approval for an extension of time of three (3) months from 3 May 2014 until 2 August 2014 for the Company to comply with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of Main Market Listing Requirements of Bursa Securities (“MMLR”).

The Board of Directors wishes to announce that the Company has not been able to address the shortfall in the public shareholding spread requirement as at 20 June 2014.

Based on the Record of Depositors as at 20 June 2014, the public shareholding spread was 24.96%, which is still below the minimum public shareholding spread requirement of 25%.

KHIB is exploring the various options to address the shortfall in the public shareholding spread which may include, amongst others, any or all of the following:-

1) Continue to discuss with Advisors to explore several corporate exercises which may include fund raising exercises, private placement of 10% of the issued and paid-up capital of the Company and other various options which are intended, amongst other things, to help the Company to meet the 25% public shareholding spread requirement. An announcement of the corporate exercise will be made to the Bursa Securities when the Board has decided on the corporate exercise.

2) Continue to discuss with any of the substantial shareholders of the Company to partially dispose of their existing Company's shares in the open market or to place out a portion of their shareholdings to persons which meet the definition of a public shareholder.

Notwithstanding the above, the Company has on today received a notification on Change in the Interest of Substantial Shareholder (Form 29B) from Kam Loong Mining Sdn Bhd, a substantial shareholder of the Company, of their disposal of 50,000 ordinary shares in the Company. The Company will update Bursa Securities on the public shareholding spread as at 1 July 2014 in due course.

The Company has approximately one (1) month remaining from the date of this announcement to the expiry date of the extension of time granted to comply with the public shareholding spread requirement.

This announcement is dated 27 June 2014.



TEKSENG - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameTEK SENG HOLDINGS BERHAD  
Stock Name TEKSENG  
Date Announced27 Jun 2014  
CategoryGeneral Meetings
Reference NoCC-140626-6F244

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting27/06/2014
Time09:30 AM
VenueKelawai Room, Lobby Level, Evergreen Laurel Hotel of 53 Persiaran Gurney, 10250 Penang
Outcome of Meeting
The Board of Directors of Tek Seng Holdings Berhad is pleased to announce that at the 12th Annual General Meeting of the Company duly held and convened, all the resolutions put to the meeting were unanimously carried.


DESTINI - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced27 Jun 2014  
CategoryGeneral Meetings
Reference NoCC-140627-815E6

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting27/06/2014
Time10:30 AM
VenueCenderawasih 1, Glenmarie Golf & Country Club, No.3, Jalan Usahawan U1/8, 40150 Shah Alam, Selangor Darul Ehsan
Outcome of Meeting

The Board of Directors of Destini Berhad ("Destini") is pleased to announce that the shareholders of Destini have at its Tenth (10th) Annual General Meeting ("AGM") held on 27 June 2014 approved all the resolutions as set out in the Notice of AGM dated 5 June 2014.

This announcement is dated 27 June 2014.



HARNLEN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHARN LEN CORPORATION BHD  
Stock Name HARNLEN  
Date Announced27 Jun 2014  
CategoryGeneral Announcement
Reference NoCJ-140627-41134

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHARN LEN CORPORATION BHD
SRI AMAN HIGH COURT SUIT NO. SRA-22-1/2-2012 BETWEEN AUGUSTINE GAWAN ANAK JAMES EVIN & SILI ANAK JAMPONG ("PLAINTIFFS") AND HARN LEN PELITA BENGUNAN SDN. BHD. ("HARN LEN PELITA" OR "DEFENDANT"), A 60% OWNED SUBSIDIARY COMPANY

We refer to the announcements made on 22 February 2012, 10 April 2012, 18 May 2012, 4 July 2012, 6 July 2012, 20 July 2012, 23 October 2012, 6 February 2013, 13 March 2013, 27 June 2013, 29 July 2013, 27 August 2013, 17 February 2014 and 17 April 2014 respectively.

The trial had proceeded as scheduled on 23rd, 24th and 25th June 2014 with the calling of the two witnesses, the 1st and 2nd Plaintiff who were examined. The trial will continue on 30th and 31st July 2014 and on 1st August 2014 at 9.00 am each day for further witnesses to be called for examination.

This announcement is dated 27 June 2014.



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

Announcement Type: General Announcement
Company NameHARN LEN CORPORATION BHD  
Stock Name HARNLEN  
Date Announced27 Jun 2014  
CategoryGeneral Announcement
Reference NoCJ-140627-40954

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionHARN LEN CORPORATION BHD (“HarnLen” or "the Company")
PROPOSED DISPOSAL OF 7 PIECES OF LAND TO SUPER GOLDEN PROPERTIES SDN BHD FOR A TOTAL SALE CONSIDERATION OF RM15,999,701.25 ("Proposed Disposal")


The Board of Directors of HarnLen wishes to announce that on 27 June 2014, the Company had entered into a Sale and Purchase Agreement with Super Golden Properties Sdn Bhd for HarnLen's Proposed Disposal of all that 7 pieces of land for a total sale consideration of RM15,999,701.25.

Please refer to the attachment for details of the announcement.

This announcement is dated 27 June 2014.



KYM - Quarterly rpt on consolidated results for the financial period ended 30/4/2014

Announcement Type: Financial Results
Company NameKYM HOLDINGS BERHAD  
Stock Name KYM  
Date Announced27 Jun 2014  
CategoryFinancial Results
Reference NoKH-140627-53082

Financial Year End31/01/2015
Quarter1
Quarterly report for the financial period ended30/04/2014
The figureshave not been audited

Attachments

KYM Q1_300414.pdf
99 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/04/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/04/2014
30/04/2013
30/04/2014
30/04/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
23,708
21,488
23,708
21,488
2Profit/(loss) before tax
-509
116
-509
116
3Profit/(loss) for the period
-509
-205
-509
-205
4Profit/(loss) attributable to ordinary equity holders of the parent
-509
-27
-509
-27
5Basic earnings/(loss) per share (Subunit)
-14.09
-0.08
-14.09
-0.08
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.6300
0.6400
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


SINOTOP - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameSINOTOP HOLDINGS BERHAD  
Stock Name SINOTOP  
Date Announced27 Jun 2014  
CategoryGeneral Meetings
Reference NoCA-140523-63220

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting27/06/2014
Time03:00 PM
VenueTawau Room, Ground Floor
Menara Hap Seng
Jalan P. Ramlee
50250 Kuala Lumpur
Outcome of Meeting

The Directors of Sinotop Holdings Berhad ("Company") wish to announce that the shareholders of the Company have at the Thirtieth Annual General Meeting (“30th AGM”) held this afternoon passed all the resolutions set out in the Notice of the 30th AGM dated 5 June 2014 by way of a show of hands.



FFHB - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameFEDERAL FURNITURE HOLDINGS (M) BERHAD  
Stock Name FFHB  
Date Announced27 Jun 2014  
CategoryGeneral Meetings
Reference NoFF-140627-60648

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting27/06/2014
Time03:00 PM
VenueLevel P1, Menara Choy Fook On
No 1B, Jalan Yong Shook Lin
46050 Petaling Jaya
Selangor
Outcome of Meeting

The Board of Directors wishes to inform that all the resolutions tabled at the Thirty First Annual General Meeting held today were duly passed.



EKOVEST - Profile for Warrants

Announcement Type: Listing Information & Profile
Company NameEKOVEST BERHAD  
Stock Name EKOVEST-WB  
Date Announced27 Jun 2014  
CategoryListing Information & Profile
Reference NoMB-140623-64715

Instrument TypeWarrants
DescriptionWarrants issued pursuant to the Rights Issue With Warrants (as defined below) 
Listing Date30/06/2014
Issue Date26/06/2014
Issue/ Ask PriceNot Applicable
Issue Size IndicatorUnit
Issue Size in Unit122,206,980
Maturity Date25/06/2019
Revised Maturity Date 
Exercise/ Conversion Period5.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 1.3500
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio1 Warrant : 1 Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceCash
Settlement Type/ Convertible intoPhysical (Shares)

Remarks :
The Warrants are issued to entitled shareholders of Ekovest Berhad ("Ekovest") pursuant to the renounceable rights issue of 244,413,960 new ordinary shares of RM0.50 each in Ekovest ("Ekovest Shares") ("Rights Shares") together with 122,206,980 free detachable warrants ("Warrants") at an issue price of RM1.00 on the basis two (2) Rights Shares together with one (1) free Warrant for every five (5) existing Ekovest Shares held at 5 p.m. on 30 May 2014 ("Rights Issue With Warrants").

Each Warrant carries the entitlement to subscribe for one (1) Ekovest Share at the exercise price of RM1.35 and at any time during the exercise period indicated above, subject to adjustments in accordance with the provisions of the deed poll dated 16 May 2014 constituting the Warrants. Any Warrants not exercised during the exercise period will thereafter lapse and cease to be valid.

This announcement is dated 27 June 2014.


FRB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced27 Jun 2014  
CategoryGeneral Announcement
Reference NoFR-140627-DE101

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionWe wish to announce that Mr Monteiro Gerard Clair has on 27 June 2014 given notice of his dealings in the ordinary shares of Formis Resources Berhad via Red Zone Development Sdn Bhd as per Table below.

TABLE (ORDINARY SHARES)

Name

Date Transacted

Opening Balance

Disposal

% of ordinary shares

Price per ordinary share

Closing Balance

% of total issued ordinary shares

Monteiro Gerard Clair

24/06/2014

41,000
(Direct Interest)
77,638,800*
(Indirect Interest)

1,146,800*
(Indirect Interest)

0.30

RM0.72634

41,000
(Direct Interest)
76,492,000*
(Indirect Interest)

0.01
(Direct Interest)
19.74
(Indirect Interest)

Monteiro Gerard Clair

25/06/2014

41,000
(Direct Interest)
76,492,000*
(Indirect Interest)

492,000*
(Indirect Interest)

0.13

RM0.7278

41,000
(Direct Interest)
76,000,000*
(Indirect Interest)

0.01
(Direct Interest)
19.61
(Indirect Interest)

Monteiro Gerard Clair

26/06/2014

41,000
(Direct Interest)
76,000,000*
(Indirect Interest)

980,900*
(Indirect Interest)

0.25

RM0.74313

41,000
(Direct Interest)
75,019,100*
(Indirect Interest)

0.01
(Direct Interest)
19.36
(Indirect Interest)


a Deemed interest by virtue of his substantial interest in Red Zone Development Sdn Bhd pursuant to Section 6A of the Companies Act, 1965.



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