June 30, 2014

Company announcements: NAKA, KOMARK, JMR, YONGTAI, AHEALTH, AHB, PMETAL

NAKA - OTHERS NAKAMICHI CORPORATION BERHAD OTHERS - Status Of The Issuance Of The Company’s Unaudited Consolidated Second, Third and Fourth Quarterly Results with respect to financial year ended 31 December 2013 and Unaudited Consolidated First Quarterly Results with respect to financial period ending 31 March 2014

Announcement Type: General Announcement
Company NameNAKAMICHI CORPORATION BERHAD  
Stock Name NAKA  
Date Announced30 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140630-4437D

TypeAnnouncement
SubjectOTHERS
DescriptionNAKAMICHI CORPORATION BERHAD
OTHERS - Status Of The Issuance Of The Company’s Unaudited Consolidated Second, Third and Fourth Quarterly Results with respect to financial year ended 31 December 2013 and Unaudited Consolidated First Quarterly Results with respect to financial period ending 31 March 2014

Reference is made to the announcement dated 30 May 2014 in relation to the delay in issuance of the Group’s unaudited consolidated second quarterly result for the period ended 30 June 2013 (“Q2 Results”), the third quarterly result for the period ended 30 September 2013 (“Q3 Results”) and the fourth quarterly result for the period ended 31 December 2013 (“Q4 Results”) and the Audited Financial Statements for the financial year ended 31 December 2013 within the timeframe stipulated under paragraph 9.22 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements.

The Board of Directors of Nakamichi Corporation Berhad ("NCB" or the "Company") wishes to inform that the Company is still unable to issue its Q2 Results, Q3 Results and Q4 Results in respect of financial year ended 31 December 2013 and Q1 Results for financial period ending 31 March 2014 as the Company’s 51% owned subsidiary, Tamabina Sdn. Bhd. ("TSB") had yet to furnish its Management Accounts to the Company.

The Company wishes to stress that it will continue to explore all possible approaches and take the necessary actions to ensure compliance with the Main Market Listing Requirements.

This announcement is dated 30 June 2014.

 



KOMARK - OTHERS KOMARKCORP BERHAD (“KMC” OR “THE COMPANY”) - REVALUATION OF PROPERTIES

Announcement Type: General Announcement
Company NameKOMARKCORP BERHAD  
Stock Name KOMARK  
Date Announced30 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140630-53549

TypeAnnouncement
SubjectOTHERS
DescriptionKOMARKCORP BERHAD (“KMC” OR “THE COMPANY”)
- REVALUATION OF PROPERTIES

Introduction
The Board of Directors of Komarkcorp Berhad (“KMC” or the “Group”), wishes to announce that, pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, a valuation has been conducted on the Group’s investment properties in Malaysia (freehold land and buildings) [“Valuation”]. The valuation is not subject to approval of any regulatory authorities.

Purpose
The Valuation was carried out to reflect the fair value of the freehold land and buildings. The valuation of investment properties was conducted annually in compliance with Financial Reporting Standard (“FRS”) 140 and valuation of non investment properties was carried out at an interval of at least once in every five (5) years in compliance with FRS 116.

Revaluation Surplus/(Deficit)
The details of the revaluation surplus/(deficit) are set out in the Appendix A attached herein. The Valuation was conducted by
 a registered valuer, Knight Frank Malaysia Sdn Bhd and Khong & Jaafar Sdn Bhd, by reference to the open market value based on existing use basis.

At the subsidiary level, there is a revaluation surplus of RM12.03 million arising from the Valuation. At the consolidated level, a revaluation surplus of RM12.03 million has been incorporated into the financial statements of KMC Group for the financial year ended 30 June 2014. The revaluation surplus is recognised in the Statement of Financial Position as revaluation reserve amounting to RM12.03 million and in the Statement of Comprehensive Income amounting to RM12.03 million. The consolidated net assets value per share of KMC based on the unaudited results of the Group will be increased by RM0.15 for the financial year ended 30 April 2014.

Copies of the valuation reports are available for inspection at the registered office of KMC at Lot 6.05, Level 6, KPMG Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan during normal office hours on a working day for a period of three (3) months from the date of this announcement.

This announcement is dated 30 June 2014.

 



JMR - JMR-Unusual Market Activity ("UMA") query by Bursa Securities

Announcement Type: Listing Circular
Company NameJMR CONGLOMERATION BERHAD  
Stock Name JMR  
Date Announced30 Jun 2014  
CategoryListing Circular
Reference NoTE-140630-63305

LISTING'S CIRCULAR NO. L/Q : 70970 OF 2014

Bursa Malaysia Securities Berhad has on 30 June 2014 issued an UMA query on the sharp rise in price of JMR’s shares.
In this respect, investors are advised to take note of the Company’s reply to the above UMA query which will be posted at Bursa Malaysia’s website under the company announcements, http://announcements.bursamalaysia.com when making their investment decision.

The contents of the UMA query is as follows:-
We draw your attention to the sharp rise in price of your Company’s shares today (“trading activity”).

In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with Paragraph 9.11 of Main Market Listing Requirements ("LR"):-

1. whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision;

2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of the LR;

3. whether you are aware of any other possible explanation to account for the trading activity; and

4. whether you are in compliance with the LR, in particular Paragraphs 9.03 of the LR on immediate disclosure obligations.

Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.


YONGTAI - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):COMBINATION OF TRANSACTIONS

Announcement Type: General Announcement
Company NameYONG TAI BERHAD  
Stock Name YONGTAI  
Date Announced30 Jun 2014  
CategoryGeneral Announcement
Reference NoOS-140630-3571E

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
DescriptionYONG TAI BERHAD (“YONGTAI” OR THE “COMPANY”)

(I) PROPOSED PROJECT COLLABORATION BETWEEN YTB LAND SDN BHD AND PTS PROPERTIES SDN BHD FOR THE DEVELOPMENT OF A LUXURY CONDOMINIUM HOTEL ON A PIECE OF LAND HELD UNDER H.S.(D) 35407 PT NO. 33, KAWASAN BANDAR XVIII, DAERAH MELAKA TENGAH, NEGERI MELAKA LOCATED AT JALAN TUN SRI LANANG, MALACCA (“PROPOSED COLLABORATION”); AND
(II) PROPOSED DIVERSIFICATION OF THE BUSINESS OF YONGTAI INTO PROPERTY DEVELOPMENT BUSINESS SEGMENT (“PROPOSED DIVERSIFICATION”)

(COLLECTIVELY, THE “PROPOSALS”)

(Unless otherwise stated, all abbreviations and definitions are defined in the announcement in relation to the Proposals dated 29 April 2014)

Reference is made to the announcements dated 29 April 2014 and 2 June 2014 in relation to the Proposals.

On behalf of YONGTAI, M&A Securities Sdn Bhd wishes to announce that PTS and YTB Land have on 30 June 2014 mutually agreed (in writing) that the payment structure of YTB Land’s Participation Contribution payable by YTB Land to PTS shall be made in three (3) equal tranches, in the following manner:-

(i) the first tranche payment shall be made within three (3) months from the date the Conditions Precedent have been duly fulfilled or waived, as may be the case (“1st Tranche Payment”);

(ii) the second tranche payment shall be made within three (3) months from the date of the 1st Tranche Payment; and

(iii) the third and final tranche payment must be fully paid anytime before the completion of the Project.

For avoidance of doubt, the YTB Land’s Participation Contribution shall be utilised by PTS for the funding of the construction and completion of the Project.

In addition, the parties to the Project Collaboration Agreement have agreed that in the event PTS elects to exercise its right to terminate the Project Collaboration Agreement as a result of default by YTB Land, PTS shall be entitled to claim for damages suffered or specific performance.

Save for the above, the other terms of the Proposed Collaboration Agreement shall remain unchanged.

This announcement is dated 30 June 2014.



AHEALTH - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameAPEX HEALTHCARE BERHAD  
Stock Name AHEALTH  
Date Announced30 Jun 2014  
CategoryChange in Principal Officer
Reference NoCC-140625-76961

Date of change01/07/2014
NameChiew Woon Wui
Age40
NationalityMalaysian
Type of changeAppointment
DesignationChief Financial Officer
QualificationsBachelor of Accounting (Hons) Degree, University of Malaya
Working experience and occupation Chiew Woon Wui is appointed as the Financial Controller of Apex Healthcare Berhad on 1st July 2014. She is a member of the Malaysian Institute of Accountants and the Malaysian Institute of Certified Public Accountants. She graduated from the University of Malaya with a Bachelor of Accounting (Hons) Degree and began her career at KPMG, Kuala Lumpur. She joined Apex Healthcare Berhad in 2002 and was holding the position of Senior Group Finance Manager prior to this appointment.
Family relationship with any director and/or major shareholder of the listed issuerNil
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNil
Details of any interest in the securities of the listed issuer or its subsidiaries7,500 Ordinary Shares of RM1.00 each in Apex Healthcare Berhad


AHEALTH - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameAPEX HEALTHCARE BERHAD  
Stock Name AHEALTH  
Date Announced30 Jun 2014  
CategoryChange Of Company Secretary
Reference NoCC-140625-74987

Date of change01/07/2014
Type of changeAppointment
DesignationSecretary
License no.MIA No. 20586
NameChiew Woon Wui
Working experience and occupation during past 5 years


AHEALTH - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameAPEX HEALTHCARE BERHAD  
Stock Name AHEALTH  
Date Announced30 Jun 2014  
CategoryChange Of Company Secretary
Reference NoCC-140625-74894

Date of change30/06/2014
Type of changeRetirement
DesignationSecretary
License no.MIA No. 3422
NameKwong Lien Wah
Working experience and occupation during past 5 yearsNot applicable


AHEALTH - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameAPEX HEALTHCARE BERHAD  
Stock Name AHEALTH  
Date Announced30 Jun 2014  
CategoryChange in Principal Officer
Reference NoCC-140625-74359

Date of change30/06/2014
NameKwong Lien Wah
Age59
NationalityMalaysian
Type of changeRetirement
DesignationChief Financial Officer
QualificationsNot applicable
Working experience and occupation Not applicable
Family relationship with any director and/or major shareholder of the listed issuerNil
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNil
Details of any interest in the securities of the listed issuer or its subsidiaries37,500 Ordinary Shares of RM1.00 each in Apex Healthcare Berhad


AHB - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameAHB HOLDINGS BERHAD  
Stock Name AHB  
Date Announced30 Jun 2014  
CategoryGeneral Meetings
Reference NoOS-140630-63328

Type of MeetingEGM
IndicatorNotice of Meeting
DescriptionExtraordinary General Meeting

Please refer to the attachment for further details of the Notice of EGM.
Date of Meeting16/07/2014
Time03:00 PM
Venue17 Jalan Industri PBP 11, Pusat Bandar Puchong, 47100 Puchong, Selangor
Date of General Meeting Record of Depositors09/07/2014

Attachments

AHB - Notice of EGM.pdf
64 KB



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

Announcement Type: General Announcement
Company NamePRESS METAL BERHAD  
Stock Name PMETAL  
Date Announced30 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140630-64877

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPRESS METAL BERHAD (“PMB” OR “COMPANY”)

DISPOSAL BY PMB OF ITS 20% EQUITY INTEREST (AFTER COMPLETION OF THE CAPITALISATION) IN PRESS METAL BINTULU SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PMB, FOR A PROVISIONAL CASH CONSIDERATION OF UNITED STATES DOLLAR 140.049 MILLION (“DISPOSAL”)

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Circular to shareholders of PMB in relation to the Disposal dated 11 February 2014.

We refer to the announcements made in relation to the Disposal on 1 November 2013, 5 March 2014 and 1 April 2014.

On behalf of the Board, Maybank IB wishes to announce that the Company has today received from SGM, a further cash consideration of USD20.579 million or equivalent to about RM66.069* million pursuant to the Price Adjustment after Closing, for the actual equity value of the PMBSB Shares transferred by PMB to SGM based on the Closing Balance Sheet as at 31 March 2014.

Together with the provisional cash consideration of USD140.049 million received on 1 April 2014, the Company had received in total USD160.628 million for the Disposal.

The Closing Conditions stipulated in the SPA remain substantially satisfied by the Company with the remaining conditions, as agreed with SGM, to be satisfied by 30 September 2014 or such other date as may be agreed in writing between SGM and PMB.

Note:
*  Based on the exchange rate of USD1.00:RM3.2105, being the middle rate published by Bank Negara Malaysia as at 30 June 2014.

This announcement is dated 30 June 2014.



No comments:

Post a Comment