July 4, 2014

Company announcements: GBH, DNEX, MHC, KMLOONG, PBA, SILKHLD, APEX, TWRREIT

GBH - Changes in Director's Interest (S135) - Tan Sri Dato' Tan Hua Choon

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGOH BAN HUAT BERHAD  
Stock Name GBH  
Date Announced4 Jul 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCQ-140620-58072

Information Compiled By KLSE

Particulars of Director

NameTan Sri Dato' Tan Hua Choon
Address13, Persiaran Bukit Tunku, Bukit Tunku, 50480 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary shares of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
01/07/2014
19,000,000
 

Circumstances by reason of which change has occurredDisposal via Direct Business Transaction
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)119,115,680 
Direct (%)64.12 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice04/07/2014


GBH - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dato' Tan Hua Choon

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGOH BAN HUAT BERHAD  
Stock Name GBH  
Date Announced4 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCQ-140620-57263

Particulars of substantial Securities Holder

NameTan Sri Dato' Tan Hua Choon
Address13, Persiaran Bukit Tunku, Bukit Tunku, 50480 Kuala Lumpur
NRIC/Passport No/Company No.410914-01-5383
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderTan Sri Dato' Tan Hua Choon
13, Persiaran Bukit Tunku, Bukit Tunku, 50480 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed01/07/2014
19,000,000
 

Circumstances by reason of which change has occurredDisposal via Direct Business Transaction
Nature of interestDirect Interest
Direct (units)19,000,000 
Direct (%)10.23 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change119,115,680
Date of notice04/07/2014


DNEX - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameDAGANG NEXCHANGE BERHAD  
Stock Name DNEX  
Date Announced4 Jul 2014  
CategoryChange in Boardroom
Reference NoTE-140704-58070

Date of change04/07/2014
NameDato’ Zainul Azman bin Dato’ Zainul Aziz
Age60
NationalityMalaysian
DesignationNon-Executive Director
DirectorateNon Independent & Non Executive
Type of changeResignation
ReasonDato’ Zainul Azman bin Dato’ Zainul Aziz resigned from the Board of Directors of the Company to dedicate more time to other personal commitments and responsibilities.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuer 
Any conflict of interests that he/she has with the listed issuer 
Details of any interest in the securities of the listed issuer or its subsidiaries 

Remarks :
Gender : Male


MHC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameMHC PLANTATIONS BHD.  
Stock Name MHC  
Date Announced4 Jul 2014  
CategoryGeneral Announcement
Reference NoCC-140704-50588

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionMHC PLANTATIONS BHD. (MHC)
INTENTION TO DEAL IN SHARES OF MHC DURING CLOSED PERIOD

The Company wishes to inform Bursa Malaysia Securities Berhad ("Bursa Securities") that pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Securities, the Director, Mr. Chan Kam Leong has given notice informing the Company of his intention to deal in MHC's shares and warrants during the closed period. The details are as follows:


Direct
Indirect
No. of Shares
-
331,086
Percentage (%)
-
0.17

Direct
Indirect
No. of Warrants
-
133,653
Percentage (%)
-
0.24

This announcement is dated 4 July 2014.



KMLOONG - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameKIM LOONG RESOURCES BERHAD  
Stock Name KMLOONG  
Date Announced4 Jul 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-140704-0FA8A

Date of buy back04/07/2014
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)2,000
Minimum price paid for each share purchased ($$)2.980
Maximum price paid for each share purchased ($$)2.990
Total consideration paid ($$)6,013.62
Number of shares purchased retained in treasury (units)2,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)219,000
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 (%)0.07


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

Announcement Type: General Announcement
Company NamePBA HOLDINGS BHD  
Stock Name PBA  
Date Announced4 Jul 2014  
CategoryGeneral Announcement
Reference NoCS-140704-41500

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPBA HOLDINGS BHD ("PBAHB")
- NOTIFICATION UNDER CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ON DEALINGS IN SECURITIE

Pursuant to Chapter 14, Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that Ir. Jaseni bin Maidinsa, a Principal Officer of PBAHB, has on 4 July 2014 given notice of his dealing in the securities of PBAHB outside the closed period, details as set out in the table below.

 

Date of Transaction

No. of ordinary shares (“Shares”) of RM0.50 each (Disposed)

Last Price Transacted per Share

(RM)

% of Issued and Paid-Up shares Disposed^

 

Total no. of Shares held after changed

18.06.2014

(14,000)

1.42000

0.0042

424,700

27.06.2014

(2,000)

1.42000

0.0006

422,700

^ excludes treasury shares

This announcement is dated 4 July 2014.



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

Announcement Type: General Announcement
Company NameSILK HOLDINGS BERHAD  
Stock Name SILKHLD  
Date Announced4 Jul 2014  
CategoryGeneral Announcement
Reference NoMI-140703-69680

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionSILK HOLDINGS BERHAD (“SHB” OR “COMPANY”)

PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST IN SISTEM LINGKARAN-LEBUHRAYA KAJANG SDN BHD (“SILK”) FOR A CASH DISPOSAL CONSIDERATION OF RM395.00 MILLION (“PROPOSED DISPOSAL”)

We refer to the announcement dated 20 June 2014 in relation to the Proposed Disposal.


On behalf of the Board of Directors of SHB, AFFIN Investment Bank Berhad wishes to announce that the application to the Unit Kerjasama Awam Swasta in the Prime Minister’s Department of the Government of Malaysia (“UKAS”) for the sale and purchase of the entire equity interest in SILK has been submitted today.

This announcement is dated 4 July 2014.
 


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

Announcement Type: General Announcement
Company NameAPEX EQUITY HOLDINGS BERHAD  
Stock Name APEX  
Date Announced4 Jul 2014  
CategoryGeneral Announcement
Reference NoAE-140609-55899

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionProposed disposal of 57% equity interest in Apex Investment Services Berhad comprising 13,395,000 ordinary shares of RM1.00 each fully issued and paid-up by Apex Equity Holdings Berhad ("AEHB" or “Company”) to Med-Bumikar Mara Sdn Bhd, Clement Chew Kuan Hock, Ng Seng Leong and Law Chee Kheong.

 The Board of Directors of AEHB wishes to announce that the Company has on 4 July 2014 entered into a conditional Share Sale Agreement (“SSA”) with Med-Bumikar Mara Sdn Bhd (“MBM””), Clement Chew Kuan Hock, Ng Seng Leong and Law Chee Kheong (collectively referred to as “Purchasers”) for the disposal of 57% equity interest in Apex Investment Services Berhad (“AISB”) comprising 13,395,000 ordinary shares of RM1.00 each (“Proposed Disposal”).  

The effect of the Proposed Disposal on the shareholding structure of AISB is as follows:-

 

 

Before completion of the Proposed Disposal

After completion of the Proposed Disposal

Shareholders

No. of shares

%

No. of shares

%

AEHB

13,499,999

57.45

104,999

 0.45

JFAS

10,000,001

42.55

10,000,001

42.55

MBM

-

-

10,105,000

43.00

Clement Chew Kuan Hock

-

-

1,410,000

 6.00

Law Chee Kheong

-

-

1,410,000

 6.00

Ng Seng Leong

-

-

470,000

 2.00

 
Following the Proposed Disposal, AISB will cease to be a subsidiary of the Company.
 

INFORMATION ON AISB 

AISB is a public limited company incorporated in Malaysia under the Companies Act, 1965. The present authorised share capital is RM25 million comprising 25 million ordinary shares of RM1.00 each of which 23.5 million shares are issued and fully paid-up. The principal activity of AISB is engaged in unit trust funds and portfolio management businesses. 

RATIONALE FOR THE DISPOSAL

The Proposed Disposal will increase the effective Bumiputra shareholdings in AISB from 8.62% to 26.71%, which allow AISB to improve the Bumiputra equity participation, in line with the minimum 30% Bumiputra equity interest requirement by Securities Commission of Malaysia. The Proposed Disposal will enable the Company to bring in strategic investors to AISB that will assist AISB in boosting the size of the assets under its management.

MBM is an investment holding company and diversified entity with significant investments in several key sectors of the Malaysia economy such as motor vehicle assembly, manufacturing, electronic packaging and leisure industries. MBM owns 45% of MBM Resources Bhd, a listed company on Bursa Malaysia distributes leading motor vehicle marques such as Perodua, Daihatsu, Hino, Volvo, Volkswagen and Misubishi.

MBM has been investing successfully for 45 years that has grown its shareholders’ fund from RM1 million in 1969 to RM807 million in 2012. MBM will also bring in Clement Chew and Ng Seng Leong, both are former J.P. Morgan employees, to enhance AISB’s management team and re-strategise the fund management activities.

BASIS AND JUSTIFICATION OF ARRIVING AT THE SALE CONSIDERATION

The sale consideration was arrived at based on a willing buyer willing seller basis and at a consideration of 1.182 times AISB’s Net Assets.   

Based on the audited Net Assets of AISB as at 31 December 2013 of RM16.6 million and adjusted for certain gains/losses after year end as mutually agreed, the sale consideration is estimated at RM10.5 million.

The consideration is to be satisfied in cash. 

The Proposed Disposal is expected to result in a gain of approximately RM1.6 million to the Group and the sale proceeds would be utilised for working capital.

ORIGINAL COST OF INVESTMENT 

The original cost of investment was RM10.41 million.

STATEMENT BY DIRECTORS  

The Board of Directors, after having considered all aspects of the Proposed Disposal, is of the opinion that the transaction is in the best interests of the Company. 

HIGHEST PERCENTAGE RATIO APPLICABLE TO THE TRANSACTION 

Pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the highest percentage ratio applicable to the Proposed Disposal is 3.69%.

APPROVALS REQUIRED  

The Proposed Disposal is not subject to the approval of the shareholders of the Company but subject to approval from Securities Commission of Malaysia.

DIRECTORS’ AND SUBSTANTIAL/MAJOR SHAREOLDERS’ INTEREST 

None of the Directors, substantial/major shareholders and/or persons connected to them has any interest, whether direct or indirect, in the Proposed Disposal. 

ESTIMATED TIME FRAME FOR COMPLETION 

Barring from any unforeseen circumstances and subject to fulfillment of all the condition precedents set out in the SSA, the Proposed Disposal is expected to be completed within 6 months from the date of the SSA. 

DOCUMENT FOR INSPECTION 

A copy of the SSA is available for inspection at the registered office of the Company during normal business hours from Monday to Friday (except public holidays) at 6th Floor, Menara Apex, Off Jalan Semenyih, Bukit Mewah, 43000 Kajang, Selangor for a period of three (3) months from the date of this announcement.

This announcement is dated 4 July 2014.




APEX - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameAPEX EQUITY HOLDINGS BERHAD  
Stock Name APEX  
Date Announced4 Jul 2014  
CategoryGeneral Announcement
Reference NoAE-140703-57373

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionProvision of Financial Assistance Pursuant to Paragraph 8.23(1)(ii), 8.23(2)(e) and Practice Note. 11/2001 of the Listing Requirements of Bursa Malaysia Securities Berhad.

Pursuant to Paragraph 8.23(1)(ii), 8.23(2)(e) and Practice Note. 11/2001 of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Apex Equity Holdings Berhad ("APEX") wishes to announce that the aggregate amount of financial assistance provided as at 30 June 2014 pursuant to the ordinary course of business of AEH Capital Sdn Bhd (licensed moneylender), a wholly owned subsidiary of APEX, is set out in the attachment below.

The provision of financial assistance as set out above would not have any significant impact to the earnings of APEX Group for the year ended 31 December 2014 as adequate bad debt provisions have been provided in the previous financial years.

Attachments

30-06-2014.xls
21 KB



TWRREIT - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameTOWER REAL ESTATE INVESTMENT TRUST  
Stock Name TWRREIT  
Date Announced4 Jul 2014  
CategoryGeneral Announcement
Reference NoTR-140704-68C74

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionTower Real Estate Investment Trust
- Net Asset Value ("NAV")

The NAV per unit of Tower Real Estate Investment Trust as at 30 June 2014 is RM1.8178.

This announcement is dated 4 July 2014.



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