MYETFDJ - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Announcement Type: General Announcement
| Company Name | MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 |
| Stock Name | MYETFDJ |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | MD-140624-66971 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 24-06-2014 Fund: MYETFDJ NAV per unit (RM): 1.2028 Units in Circulation (units): 252,300,000 Manager's Fee (%p.a): 0.40 Trustee's Fee (%p.a): 0.05 License Fee (%p.a): 0.04 DJIM25 Index: 1,068.78 |
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MYETFID - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Announcement Type: General Announcement
| Company Name | MYETF MSCI MALAYSIA ISLAMIC DIVIDEND |
| Stock Name | MYETFID |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | MM-140624-68137 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | MYETF MSCI MALAYSIA ISLAMIC DIVIDEND - Valuation Point as at 24-06-2014 Fund: MYETFID NAV per unit (RM): 1.0479 Units in Circulation (units): 21,600,000 Manager's Fee (%p.a): 0.40 Trustee's Fee (%p.a): 0.045 License Fee (%p.a): 0.06 MSCI Malaysia IMI Islamic HDY 10/40 Index: 2,410.15 |
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DRBHCOM - OTHERS DRB-HICOM BERHAD (“DRB-HICOM” OR “COMPANY”) DISTRIBUTOR AND IMPORT AGREEMENT BETWEEN CHRYSLER GROUP INTERNATIONAL LLC, DRB-HICOM AUTO SOLUTIONS SDN BHD AND EDARAN OTOMOBIL NASIONAL BERHAD (“DISTRIBUTOR AND IMPORT AGREEMENT”)
Announcement Type: General Announcement
| Company Name | DRB-HICOM BERHAD |
| Stock Name | DRBHCOM |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | DD-140624-45551 |
| Type | Announcement |
| Subject | OTHERS |
| Description | DRB-HICOM BERHAD (“DRB-HICOM” OR “COMPANY”) DISTRIBUTOR AND IMPORT AGREEMENT BETWEEN CHRYSLER GROUP INTERNATIONAL LLC, DRB-HICOM AUTO SOLUTIONS SDN BHD AND EDARAN OTOMOBIL NASIONAL BERHAD (“DISTRIBUTOR AND IMPORT AGREEMENT”) |
1. INTRODUCTION
a) The exclusive distribution rights granted by Chrysler to EON for sale and service selected Chrysler brand new of completely built-up (“CBU”) motor vehicles (“Chrysler Vehicles”) and a non-exclusive distributor of genuine parts, accessories for the Chrysler vehicles, components, aggregates, assemblies, as well as genuine remanufactured parts, components, aggregates and assemblies, which are supplied by Chrysler or authorised licensee in Malaysia (“Distributorship”); and b) The exclusive import rights granted by Chrysler to DHAS for the import of Chrysler Vehicles (“Import”) into Malaysia.
The authorised share capital of EON is RM1,000,000,000 comprising 1,000,000,000 ordinary shares of RM1.00 each. Its issued and paid-up share capital is RM168,164,209 comprising 168,164,209 ordinary shares of RM1.00 each. EON is a wholly-owned subsidiary company of HICOM Holdings Berhad, which is an effectively wholly-owned subsidiary company of DRB-HICOM. DHAS was incorporated on 3 June 1999 and is principally engaged in importation of motor vehicles, logistics, vehicle pre-delivery inspection (“PDI”), provision of related services to vehicles at its PDI centre and the sale of contractual vehicles.
DHAS is a wholly-owned subsidiary company DRB-HICOM. Chrysler Group LLC, formed in 2009 to establish a global strategic alliance with Fiat S.p.A., produces Chrysler, Jeep, Dodge, Ram, SRT, and FIAT vehicles and Mopar products. With the resources, technology and worldwide distribution network required to compete on a global scale, the alliance builds on Chrysler Group’s culture of innovation, first established by Walter P. Chrysler in 1925, and Fiat’s complementary technology that dates back to its founding in 1899. Chrysler Group LLC became a wholly owned subsidiary of Fiat on January 21, 2014. Headquartered in Auburn Hills, Mich., Chrysler Group’s product lineup features some of the world's most recognizable vehicles, including the Chrysler 300 and Town & Country, Jeep Grand Cherokee, Dodge Dart, Ram 1500, SRT Viper and Fiat 500. Fiat contributes world-class technology, platforms and powertrains for small and medium-size cars, allowing Chrysler Group to offer an expanded product line including environmentally friendly vehicles. (Source: Chrysler website: http://www.chryslergroupllc.com/Pages/Home.aspx) 5. SALIENT TERMS OF THE DISTRIBUTION AGREEMENT The key salient terms of the DIA are as follows:-
5.2 DHAS will import and purchase the Chrysler Vehicles in CBU form and subsequently sell the Chrysler Vehicles in CBU form to EON. 5.3 EON, as the exclusive distributor of the Chrysler Vehicles is given the authority to appoint authorised resellers subject to Chrysler’s approval. EON and the proposed authorised resellers are to comply with the Chrysler Dealership Standard (“CDS”) and Chrysler’s other requirements during the tenure of the distributorship and dealership respectively. EON will also be a non-exclusive distributors of the new genuine parts, accessories for the Chrysler Vehicles, components, aggregates, assemblies, as well as genuine remanufactured parts, components, aggregates and assemblies, which are supplied by Chrysler or authorised licensee. 5.4 During tenure of the agreement, all Parties will agree on the quantitative and/or qualitative objectives as set out in the agreement in order to reach an agreement on the annual minimum sales volume target to be achieved by EON. 5.5 The DIA shall be for a period of three (3) years from the effective date in the DIA, and will continue in full force and effect for successive and renewable one (1) year term, unless terminated pursuant to the termination events set out in the DIA. 5.6 Upon termination of the DIA, neither DHAS or EON nor its authorized resellers will have any claims of compensation for loss of clientele against Chrysler. Chrysler will not be obliged to compensate DHAS, EON or its authorized resellers for any other kind of goodwill created by DHAS, EON or its authorized resellers and no party will be liable to any other party for any other damages by reason of that party exercising any of its rights. Upon termination, Chrysler will also repurchase Chrysler Vehicles requested by DHAS and EON as per termination clause of the DIA. 5.7 The DIA shall be subject to the laws of the State of Michigan, U.S.A.. All disputes or claims arising from the agreement shall be resolved by arbitration in accordance with the Arbitration Rules of the Singapore International Arbitration Centre. By becoming an exclusive distributor and importer of selected Chrysler Vehicles in Malaysia, DRB-HICOM group is able to expand its vehicle assembly business and distribution network in the future. As such, the DRB-HICOM group can further strengthen its position in the local automotive industry. 7. FINANCIAL EFFECTS The financial effects of the Distributorship and Import are as follows:- 7.1 Share capital and substantial shareholders’ shareholdings There is no effect on the share capital and the substantial shareholders’ shareholdings in DRB-HICOM. 7.2 Earnings, gearing and net assets
The expenditure incurred as a result of the Distributorship and Import will be funded by internally generated funds and bank borrowings of which the breakdown cannot be determined at this juncture. However, it is expected that the Distributorship and Import will not have any material effect on the gearing ratio of DRB-HICOM group. The Distributorship and Import does not require approval from the shareholders of DRB-HICOM or any other relevant authorities. 9. RISK FACTORS The Board of Directors of DRB-HICOM (“Board”) does not foresee any extraordinary or material risk factors pertaining to the Distributorship and Import, save for the business/operating risks normally associated with the automotive industry, in which DRB-HICOM is already involved in as well as political and regulatory risks associated with any collaboration with a foreign company. 10. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the Directors, major shareholders and/or persons connected with them has any interest, direct or indirect, in the Distributorship and Import. 11. DIRECTORS’ RECOMMENDATION Having considered all aspects of the Distributorship and Import, the Board is of the opinion that the Distributorship and Import are in the best interest of DRB-HICOM. 12. DOCUMENTS FOR INSPECTION The agreement is available for inspection from Mondays to Fridays, during normal office hours (expect for public holidays) at the registered office of DRB-HICOM at Level 5, Wisma DRB-HICOM, No. 2, Jalan Usahawan U1/8, Seksyen U1, 40150 Shah Alam, Selangor Darul Ehsan for a period three (3) months from the date of this announcement. Enclosed in this announcement is the press release in relation to the signing of the DIA. This announcement is dated 24 June 2014. | |
JOHAN - Quarterly rpt on consolidated results for the financial period ended 30/4/2014
Announcement Type: Financial Results
| Company Name | JOHAN HOLDINGS BERHAD |
| Stock Name | JOHAN |
| Date Announced | 24 Jun 2014 |
| Category | Financial Results |
| Reference No | JH-140616-60120 |
| Financial Year End | 31/01/2015 |
| Quarter | 1 |
| Quarterly report for the financial period ended | 30/04/2014 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION30/04/2014 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 61,927 | 62,587 | 61,927 | 62,587 |
| 2 | Profit/(loss) before tax | 1,700 | -3,607 | 1,700 | -3,607 |
| 3 | Profit/(loss) for the period | 11,736 | -6,445 | 11,736 | -6,445 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 11,612 | -6,379 | 11,612 | -6,379 |
| 5 | Basic earnings/(loss) per share (Subunit) | 1.89 | -1.03 | 1.89 | -1.03 |
| 6 | Proposed/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 ($$) | 34.5800 | 33.3900 | ||
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
SIME - OTHERS Memorandum of Agreement between Sime Darby Elmina Development Sdn Bhd and Eastern & Oriental Berhad
Announcement Type: General Announcement
| Company Name | SIME DARBY BERHAD |
| Stock Name | SIME |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | SD-140624-35734 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Memorandum of Agreement between Sime Darby Elmina Development Sdn Bhd and Eastern & Oriental Berhad |
We refer to the announcements dated 26 September 2013 and 24 March 2014 in relation to the Memorandum of Agreement between Sime Darby Elmina Development Sdn Bhd (SDED), a wholly-owned subsidiary of Sime Darby Property Berhad, which in turn is a wholly-owned subsidiary of Sime Darby Berhad (Sime Darby), and Eastern & Oriental Berhad (E&O) (hereinafter referred to as “MOA”). All abbreviations herein shall have the same meanings as those used in the abovementioned announcements unless stated otherwise. Under the MOA as subsequently varied by mutual agreement between SDED and E&O, Sime Darby wishes to announce that SDED and E&O have earlier today, mutually agreed in writing to further extend the expiry date of the Exclusivity Period from 24 June 2014 to 8 July 2014. This announcement is dated 24 June 2014. | |
SCIENTX - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
| Company Name | SCIENTEX BERHAD |
| Stock Name | SCIENTX |
| Date Announced | 24 Jun 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | SI-131219-EDD42 |
IVORY - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
| Company Name | IVORY PROPERTIES GROUP BERHAD |
| Stock Name | IVORY |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140624-56355 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | IVORY PROPERTIES GROUP BERHAD (“Ivory” or “the Company”) SECOND SUPPLEMENTAL AGREEMENT TO PURCHASE AND DEVELOPMENT AGREEMENT BETWEEN CHIEF MINISTER OF PENANG (INCOPORORATION) AND PENANG DEVELOPMENT CORPORATION DATED 11 NOVEMBER 2011 TO PURCHASE AND DEVELOP ALL THAT PIECES OF LAND MEASURING APPROXIMATELY 102.56 ACRES IN BAYAN MUTIARA, NORTHEAST DISTRICT OF PENANG ("LAND") FOR A TOTAL CASH CONSIDERATION OF RM1,072,203,264 (“PRINCIPAL AGREEMENT”) |
Please refer to the attachment for details of the announcement. | |
TAMBUN - Changes in Sub. S-hldr's Int. (29B) - Tsai Chia Ling
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | TAMBUN INDAH LAND BERHAD |
| Stock Name | TAMBUN |
| Date Announced | 24 Jun 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140623-0E18B |
Particulars of substantial Securities Holder
| Name | Tsai Chia Ling |
| Address | No. 20, Lorong Tambun Indah 6, Taman Tambun Indah, 14100 Simpang Ampat, Penang |
| NRIC/Passport No/Company No. | 790921-74-5058 |
| Nationality/Country of incorporation | Taiwanese |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | Amal Pintas Sdn. Bhd. of 51-21-A, Menara BHL Bank, Jalan Sultan Ahmad Shah, 10050 Penang |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 23/06/2014 | 4,762,806 |
CME - MULTIPLE PROPOSALS
Announcement Type: General Announcement
| Company Name | CME GROUP BERHAD |
| Stock Name | CME |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | MM-140624-40110 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | CME GROUP BERHAD (“CME” OR “COMPANY”) (I) PROPOSED DIVERSIFICATION; (II) PROPOSED ACQUISITION OF LAND 1; (III) PROPOSED ACQUISITION OF LAND 2; (IV) PROPOSED RIGHTS ISSUE OF ICULS; (V) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (VI) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the previous announcements in relation to the Proposals, where applicable, unless stated otherwise or defined herein) Reference is made to the announcement dated 9 May 2014 in relation to the Proposals. On behalf of the Board of Directors of CME, Public Investment Bank Berhad wishes to announce that an application has been submitted today to Bursa Securities for their consideration and approval for an extension of time to submit the listing application together with the draft circular in relation to the Proposals for a further three (3) months from 9 July 2014 to 8 October 2014. This announcement is dated 24 June 2014. | |
AHB - PRACTICE NOTE 1 / GUIDANCE NOTE 5:NEW DEFAULT
Announcement Type: General Announcement
| Company Name | AHB HOLDINGS BERHAD |
| Stock Name | AHB |
| Date Announced | 24 Jun 2014 |
| Category | General Announcement |
| Reference No | CC-140624-63061 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT |
| Description | AHB HOLDINGS BERHAD (“AHB” or “the Company”) - Default in Payment |
Introduction AHB wishes to announce that AHB and AHB Technology Sdn Bhd (“AHBT”), a wholly-owned dormant subsidiary of AHB, have yesterday received two (2) letters of demand from CIMB Bank Berhad (“CIMB”) for claims to the sums of RM2,414,554.90 and RM800,447.09 respectively (“Default”). Reason for Default AHB and AHBT have been facing continual cashflow constraints in the past few years, and hence are unable to service the repayments of borrowings to CIMB. Measures taken to address the Default The Company is in the midst of implementing a proposed rights issue of shares with warrants, (“Proposed Rights Issue of Shares with Warrants”) which has been approved by Bursa Malaysia Securities Berhad on 12 June 2014, and part of the proceeds to be raised will be used to settle the borrowings from CIMB. Financial & Legal Implications of the Default The Default is more than 5% of the net assets of the Company based on the latest Audited Financial Statements for the financial year ended 30 June 2013. There will be no impact to the business and operations of AHB arising from the Default. The Board of Directors is of the opinion that AHB is solvent and will be able to repay its debt obligations provided that AHB is able to complete the Proposed Rights Issue of Shares with Warrants. Further announcement(s) on any material development on the above will be made in due course. This announcement is dated 24 June 2014. | |
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