MINETEC - OTHERS MINETECH RESOURCES BERHAD (“MRB”) – DEALERSHIP MEMORANDUM OF UNDERSTANDING BETWEEN MINETECH HEAVY MACHINERIES SDN BHD (“MHMSB”) AND SANY INTERNATIONAL DEVELOPING (M) SDN BHD (“SANY MALAYSIA”) AS DEALER OF SANY PRODUCTS IN MALAYSIA
| Company Name | MINETECH RESOURCES BERHAD |
| Stock Name | MINETEC |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140624-35638 |
| Type | Announcement |
| Subject | OTHERS |
| Description | MINETECH RESOURCES BERHAD (“MRB”) – DEALERSHIP MEMORANDUM OF UNDERSTANDING BETWEEN MINETECH HEAVY MACHINERIES SDN BHD (“MHMSB”) AND SANY INTERNATIONAL DEVELOPING (M) SDN BHD (“SANY MALAYSIA”) AS DEALER OF SANY PRODUCTS IN MALAYSIA |
The
Board of Directors of MRB is pleased to announce that its wholly-owned subsidiary,
MHMSB has on 24 June 2014 entered into a Dealership Memorandum of Understanding
(“MOU”) with SANY MALAYSIA of which MHMSB was appointed as the Dealer of certain
Sany Products in Malaysia (“Dealership”) i.e. Concrete Batching Plant, Concrete
Truck Mixer, Road Machineries and Asphalt Batching Plant.
SANY
MALAYSIA is a company incorporated under the laws of Malaysia and having its
business address at No. 33-7, Level 33, UOA II, Jalan Pinang, 50450 Kuala
Lumpur, Malaysia. The MRB Group is principally involved in quarry mining
but had since broadened its involvement to, inter
alia, complementary and associated industries such as bituminous and premix
products and also heavy machineries. The Dealership is for a duration of 2 years commencing
from 1 July 2014 to 30 June 2016 but is subject to further renewal on mutual
agreement. The salient terms of the Dealership
include but not limited to:- a) The Company is: To market and sell SANY products in Malaysia. To establish adequate sales, service and support
teams for SANY appointed products in Malaysia. To promote appointed product and establishing
SANY products
in Malaysia. To establish and responsible for after Sales
Service of related appointed products like Concrete Batching Plant, Concrete Truck
Mixer, Road Machineries, Asphalt Batching Plant with total technical supports, technical advice and product
support from SANY Group. b) SANY MALAYSIA,
agrees To provide competitive quote of SANY Dealer
Prices to MHMSB in
preparation for quotation in Malaysia. To provide total products support training,
technical advice and product support services to MHMSB service repair maintenance, part inventory and
field service teams. To provide and supply sales brochures, sales
literatures, technical data, service manual, part book, and other sales
material to promote appointed SANY Products in Malaysia To provide in-depth sales supports and to accompany
MHMSB management or sales personnel whenever needed to assist in product
technical matters and clarification to potential clients and tenders work. To provide regular in-depth competitive
market pricing support and assisting total product supports to MHMSB whenever needed and required. To provide total products support to MHMSB on regular basis. The
MOU is not expected to have any material effect on the earnings, net assets and
gearing of MRB for the financial year ending 31 December 2014. None of
the Directors and/or substantial shareholders or any person connected to the
Directors and/or substantial shareholders of MRB has any interest, either
direct or indirect in the MOU. The Board of
Directors of MRB is of the opinion that the execution of the MOU is in the best
interest of MRB and expect to contribute positively towards the earnings of the MRB Group. This announcement is dated 24 June 2014. | |
SCGM - OTHERS Dividend Policy
| Company Name | SCGM BHD |
| Stock Name | SCGM |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140624-43429 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Dividend Policy |
In view of the Group's continued profitability and steady cash flow, the Board of Directors of SCGM Bhd is pleased to announce a dividend policy of distributing no less than 40% of the annual net profit of the Company to the shareholders. The dividend will be distributed to the shareholders of SCGM Bhd. twice a year. The dividend distribution is anticipated to be within the Group's financial capability in view of the positive prospects of the Group and to reward long-term investors in line with the Group's expanding operations. The dividend policy would take effect from the financial year ending 30 April 2015 onwards. This announcement is dated 24 June 2014. | |
VINTAGE - MATERIAL LITIGATION
| Company Name | VTI VINTAGE BERHAD |
| Stock Name | VINTAGE |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140624-58618 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | VTI VINTAGE BERHAD (“VVB” or “the Company”) - Notice Pursuant to Section 218 of the Companies Act, 1965 |
| |
VINTAGE - MATERIAL LITIGATION
| Company Name | VTI VINTAGE BERHAD |
| Stock Name | VINTAGE |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140624-DF67F |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | VTI VINTAGE BERHAD (“VVB” or “the Company”) - Notice Pursuant to Section 218 of the Companies Act, 1965 |
1. Date of presentation of the Notice Pursuant to Section 218 of the Companies Act, 1965, including the amount claimed for under the Notice and the interest rate. The Board of Directors of VTI Vintage Berhad ("VVB" or "the Company") wishes to announce that the Company had on 24 June 2014 received the Notice Pursuant to Section 218 of the Companies Act, 1965 (“Notice”) from Messrs. Bodipalar Ponnudurai De Silva dated 23 June 2014, the solicitors for Messrs. Foong & Partners (“Plaintiff”), demanding the total sum of RM11,350.00 to be paid within three (3) weeks from the date of the Notice, failing which, the Company is deemed to be unable to pay its debts and a winding-up petition may be filed against the Company. 2. The particulars of the claim under the Notice, including the amount claimed for and the interest rate The Plaintiff’s claims for the sum of RM11,350.00, being the outstanding amount for the services rendered to the Company. 3. Details of the default or circumstances leading to the filing of the Notice against VVB The circumstances leading to the filing of the Notice against the Company was due to the fact that the Company has failed and/or default to settle the sum claimed by the Plaintiff. However, the Company wishes to inform that the Group had on 22 July 2009 initiated the Proposed Scheme of Arrangement under Section 176 of the Companies Act, 1965 (“Proposed Scheme”) and has included the Plaintiff as one of the Scheme Creditors under the Proposed Scheme of Arrangement under Section 176 of the Companies Act, 1965 (“Proposed Scheme”) which had been approved during the Court Convened Meeting of Scheme Creditors of the Group held on 16 July 2010 and Court Convened Meeting of Ordinary Shareholders of the Group held on 23 May 2014 respectively (collectively as “CCM”). Based on the legal advice obtained, the Plaintiff as one of the Scheme Creditors, once the Court sanctions the Scheme of Arrangement under Section 176 of the Companies Act, 1965, the Plaintiff will be bound to accept the Scheme under the approved Proposed Scheme. Therefore, pending the completion of the Proposed Scheme, no payment was made to the Scheme Creditors including the Plaintiff. At the same time, the Company wishes to inform that an Order has been granted by the High Court of Malaya at Kuala Lumpur on 11 April 2014 pursuant to Section 176(10) of the Act, to restrain all further proceedings, and any and all actions or proceedings against the Company and its subsidiary companies, for a period of ninety (80) days from 11 April 2014 to 29 June 2014 (“Restraining Order”). 4. The financial and operational impact of the Notice on the Group Subject to the completion of the Proposed Scheme, there is no financial and operational impact to the Group. 5. The expected losses, if any, arising from the Notice The Company is not expected to incur any further loss arising from the Notice. 6. Steps taken and proposed to be taken in respect of the Notice VVB has given instruction to its solicitor to reply to the Plaintiff’s solicitors to highlight on the outcome of the CCM. Further announcement on the development of the Proposed Scheme will be made to Bursa Malaysia Securities Berhad in due course. This announcement is dated 24 June 2014.
| |
POLY - Annual Audited Accounts - 28 February 2014
| Company Name | POLY GLASS FIBRE (M) BERHAD |
| Stock Name | POLY |
| Date Announced | 24 Jun 2014 |
| Category | PDF Submission |
| Reference No | CC-140624-63108 |
| Subject | Annual Audited Accounts - 28 February 2014 |
HARVEST - HARVEST COURT INDUSTRIES BERHAD ("HCIB" or "the Company") - PROPOSED ACQUISITION OF LEASEHOLD PROPERTY
| Company Name | HARVEST COURT INDUSTRIES BHD |
| Stock Name | HARVEST |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140624-C5A4B |
| Type | Reply to query | ||||||||
| Reply to Bursa Malaysia's Query Letter - Reference ID | TE-140623-38877 | ||||||||
| Subject | HARVEST COURT INDUSTRIES BERHAD (“HCIB” or “the Company”) - PROPOSED ACQUISITION OF LEASEHOLD PROPERTY | ||||||||
| Description | HARVEST COURT INDUSTRIES BERHAD (“HCIB” or “the Company”) - PROPOSED ACQUISITION OF LEASEHOLD PROPERTY | ||||||||
| Query Letter Contents | We refer to the Company's announcement dated 20 June 2014, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- 1. Further information on the Property, including the following:- (a) existing use; (b) built-up area of the warehouses and Tenaga Nasional Berhad stations; (c) approximate age of warehouses; and (d) net book value of the Property based on the latest audited financial statements. 2. Rationale for the deposit amount to be 30% of the total Purchase Consideration as this is not a normal practice in property transactions. 3. The relationship between the Caveator and the Vendor and the reason for the Caveator to lodge the private caveat on the Property. 4. The production capacity and output for the existing timber operations factory for the past 3 years in order to justify the need for additional factory and warehouses. 5. The outlook and prospects of the timber industry. 6. The specific aspects that were considered by the Board of Directors in arriving at its opinion that the Proposed Acquisition is fair and reasonable. 7. To also make available the valuation report for inspection. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully HENG TECK HENG Vice President, Issuers Listing Division Regulation IJ/TEK c.c:- General Manager and Head, Market Surveillance, Securities Commission (via fax) | ||||||||
(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 20 June 2014) Reference is made to the Company’s announcement made on 20 June 2014. The Board of Directors of Harvest Court Industries Berhad (“HCIB” or “the Company) wishes to further announce that :- 1. The Property is currently tenanted to a timber pallet manufacturer. The built-up area of the warehouses and Tenaga National Berhad stations are approximately 152,000 sq ft and 1,400 sq ft respectively. The ages of the warehouses are approximately 10 years old. The information of the net book value of the Property based on the latest audited financial statements is not available as the Property was acquired from an individual. 2. The payment of the deposit amounted to 30% of the total Purchase Consideration is a condition requested by the Vendor in return for a discount from the initial offer price. The Company has been informed that the same condition was also made to other interested buyers. 3. The Company have no knowledge on the relationship between the Caveator and the Vendor and the reason for the Caveator to lodge the private caveat on the Property. However, as one of the condition precedent stated in the SPA, the Vendor shall at his own cost and expenses remove or caused to be removed the private caveat lodged by the Caveator and other encumbrances so that the Property is free from all encumbrances, lien, claim and caveat. 4. The production capacity and output for the existing operations factory for the past three (3) years are as follows :-
With year 2013 production volume, the factory has utilised approximately 70% of its production capacity and would need extra space to cater the further expansion on the production volume. 5. The Malaysian Timber industry had suffered badly from the economy crisis since 2008 & 2009, and its effects spill over until today. This industry is capital and labour intensive, which will continue to face various challenges on the shortage of labour supply, production cost escalation due to inflation and the weakening of export markets. As a result, HCIB has made the decision to move away from is capital and labour intensive door manufacturing business and refocus on value-added timber related services like klin dry, machining and export bundling services, which enable the HCIB Group to generate better profit margin for sustainability of group bottom lines. The Group’s timber service production tonnages in the last three years have shown increased productivities. On the other hand, the strategic location of the existing plant in Klang is feasible to convert into industrial development with better return to unlock the value of land. The acquisition of leasehold property is capable for the future relocation and/or expansion of the existing timber service related business. This announcement is dated 24 June 2014. | |||||||||
KKB - Changes in Director's Interest (S135) - Kho Poh Lin
| Company Name | KKB ENGINEERING BERHAD |
| Stock Name | KKB |
| Date Announced | 24 Jun 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-140624-6C0D4 |
Information Compiled By KLSE
Particulars of Director
| Name | Kho Poh Lin |
| Address | No. 836, Chawan Road, Lorong 10A, Kenyalang Park 93300 Kuching, Sarawak. |
| 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) |
Acquired | 5,000 | 2.320 |
| Circumstances by reason of which change has occurred | Deemed interested by virtue of her substantial interest in Kho Kak Beng Holding Company Sdn. Bhd. |
| Nature of interest | Indirect Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 494,500 |
| Direct (%) | 0.19 |
| Indirect/deemed interest (units) | 103,493,720 |
| Indirect/deemed interest (%) | 40.15 |
| Date of notice | 24/06/2014 |
| Remarks : |
| (i) 494,500 shares are registered in the name of Kho Poh Lin. (ii) Deemed interested by virtue of 103,493,720 shares held by Kho Kak Beng Holding Company Sdn. Bhd. in which Kho Poh Lin has substantial interest. |
KKB - Changes in Sub. S-hldr's Int. (29B) - Datin Liew Moi Fah
| Company Name | KKB ENGINEERING BERHAD |
| Stock Name | KKB |
| Date Announced | 24 Jun 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140624-6C0D3 |
Particulars of substantial Securities Holder
| Name | Datin Liew Moi Fah |
| Address | No. 14, Jalan Three Hills Park, Off Jalan Pending 93300 Kuching, Sarawak. |
| NRIC/Passport No/Company No. | 440617-13-5474 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | Kho Kak Beng Holding Company Sdn. Bhd. No. 22, 4th Floor, Jalan Tunku Abdul Rahman 93100 Kuching, Sarawak. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 19/06/2014 | 5,000 | 2.320 |
| Remarks : |
| (i) 296,000 shares are registered in the name of Datin Liew Moi Fah. (ii) Deemed interested by virtue of 103,493,720 shares held by Kho Kak Beng Holding Company Sdn. Bhd. in which Datin Liew Moi Fah has substantial interest. |
KKB - Changes in Sub. S-hldr's Int. (29B) - Kho Poh Lin
| Company Name | KKB ENGINEERING BERHAD |
| Stock Name | KKB |
| Date Announced | 24 Jun 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140624-6C0D1 |
Particulars of substantial Securities Holder
| Name | Kho Poh Lin |
| Address | No. 836, Chawan Road, Lorong 10A, Kenyalang Park 93300 Kuching, Sarawak. |
| NRIC/Passport No/Company No. | 660913-13-5772 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | Kho Kak Beng Holding Company Sdn. Bhd. No. 22, 4th Floor, Jalan Tunku Abdul Rahman 93100 Kuching, Sarawak. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 19/06/2014 | 5,000 | 2.320 |
| Remarks : |
| (i) 494,500 shares are registered in the name of Kho Poh Lin. (ii) Deemed interested by virtue of 103,493,720 shares held by Kho Kak Beng Holding Company Sdn. Bhd. in which Kho Poh Lin has substantial interest. |
KKB - Changes in Director's Interest (S135) - Dato Kho Kak Beng
| Company Name | KKB ENGINEERING BERHAD |
| Stock Name | KKB |
| Date Announced | 24 Jun 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-140624-6C0C9 |
Information Compiled By KLSE
Particulars of Director
| Name | Dato Kho Kak Beng |
| Address | No. 14, Jalan Three Hills Park, Off Jalan Pending 93300 Kuching, Sarawak |
| 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) |
Acquired | 5,000 | 2.320 |
| Circumstances by reason of which change has occurred | Deemed interested by virtue of his substantial interest in Kho Kak Beng Holding Company Sdn. Bhd. |
| Nature of interest | Indirect Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 4,742,480 |
| Direct (%) | 1.84 |
| Indirect/deemed interest (units) | 103,959,700 |
| Indirect/deemed interest (%) | 40.33 |
| Date of notice | 24/06/2014 |
| Remarks : |
| (i) 4,742,480 shares are registered in the name of Dato Kho Kak Beng. (ii) Deemed interested by virtue of: (a) 103,493,720 shares held by Kho Kak Beng Holding Company Sdn. Bhd. in which Dato Kho Kak Beng has substantial interest. (b) Shares held by his spouse, Datin Liew Moi Fah (296,000 shares) and his child, Kho Poh Joo (169,980 shares) |
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