July 3, 2014

Company announcements: SCGM, BHIC, JETSON, KPSCB, GADANG, PARAGON

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

Announcement Type: General Announcement
Company NameSCGM BHD  
Stock Name SCGM  
Date Announced3 Jul 2014  
CategoryGeneral Announcement
Reference NoCC-140703-B07E3

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionNotification of dealings by a director in the securities of SCGM Bhd ("SCGM") outside closed period

SCGM has received notification dated 1 July 2014 from its Independent Non-Executive Director, Tang Nai Soon of his direct dealing in the securities of SCGM via open market during outside closed period as set out below:-

Date

No of securities disposed

Price of securities disposed
(RM)

Percentage of securities disposed

Total no. of securities held after disposal

Percentage of securities held after disposal

30/06/2014

20,000

2.30

0.025

160,000

0.2



BHIC - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBOUSTEAD HEAVY INDUSTRIES CORPORATION BHD  
Stock Name BHIC  
Date Announced3 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBH-140703-36425

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak
Peti Surat 11025
50732 Kuala Lumpur.
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary share @ RM1.00 each
Name & address of registered holderLembaga Tabung Haji
201, Jalan Tun Razak
Peti Surat No. 11025
50732 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/06/2014
14,100
 
Acquired27/06/2014
15,400
 
Acquired30/06/2014
21,500
 
Acquired01/07/2014
54,100
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change16,613,000
Date of notice02/07/2014


BHIC - Changes in Director's Interest (S135) - Azzat Bin Kamaludin

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameBOUSTEAD HEAVY INDUSTRIES CORPORATION BHD  
Stock Name BHIC  
Date Announced3 Jul 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoBH-140703-37033

Information Compiled By KLSE

Particulars of Director

NameAzzat Bin Kamaludin
AddressNo. 40 Jalan PJU 7/26
Mutiara Damansara
47800 Petaling Jaya
Selangor
Descriptions(Class & nominal value)Ordinary share @ RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
27/06/2014
10,000
2.520 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)390,000 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice01/07/2014

Remarks :
1. The above dealing of 10,000 shares represents 0.004% of the issued and paid-up capital of the Company.

2. This announcement also serves as an announcement on notification under chapter 14 of the Listing Requirements (Dealing Outside Closed Period)


JETSON - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameKUMPULAN JETSON BERHAD  
Stock Name JETSON  
Date Announced3 Jul 2014  
CategoryGeneral Announcement
Reference NoMI-140702-61611

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionKUMPULAN JETSON BERHAD (“JETSON” OR THE “COMPANY”)

PRIVATE PLACEMENT OF UP TO 17,096,701 NEW ORDINARY SHARES OF RM0.50 EACH IN JETSON, REPRESENTING UP TO APPROXIMATELY 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF JETSON (“PRIVATE PLACEMENT”)

For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 16 January 2014 in relation to the Private Placement.

We refer to the Company’s announcement dated 16 January 2014 and its previous announcements in relation to the Private Placement.

On behalf of the Board of Directors of Jetson, KAF Investment Bank Berhad wishes to announce that following the listing of and quotation for 12,000,000 Placement Shares, being the second tranche, on the Main Market of Bursa Securities on 3 July 2014, a total of 17,000,000 Placement Shares were placed out to identified investors in two (2) tranches at issue prices of RM0.58 and RM0.52 respectively, raising a total of RM9,140,000 for the Company pursuant to the Private Placement.

The Board does not intend to place the remaining Placement Shares to potential investors. As a result, the Private Placement is deemed completed.

This announcement is dated 3 July 2014.



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

Announcement Type: General Announcement
Company NameKPS CONSORTIUM BERHAD  
Stock Name KPSCB  
Date Announced3 Jul 2014  
CategoryGeneral Announcement
Reference NoKC-140703-D3545

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPlease refer to the Announcement Details.

Pursuant to the paragraph 14.09(a) of Chapter 14 of the Listing Requirements of Bursa Malaysia Securities Berhad for Main Market, this is to notify that the Company has received notification from the Group Managing Director of the Company, Mr Koh Poh Seng, in relation to his acquisition of the Company's shares outside the closed period as per table below:-

Date of Dealing

Consideration per share

(RM)

No. of Ordinary Shares @

RM1.00 each

% of Issued Share Capital

Transaction

02.07.2014

0.520

15,000

0.010

Acquisition of shares via open market.

This announcement is dated 3 July 2014.



KPSCB - Changes in Sub. S-hldr's Int. (29B) - Koh Poh Seng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKPS CONSORTIUM BERHAD  
Stock Name KPSCB  
Date Announced3 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKC-140703-D3529

Particulars of substantial Securities Holder

NameKoh Poh Seng
AddressNo.34, Jalan Hujan Gerimis Dua, Taman Overseas Union,
58200 Kuala Lumpur
NRIC/Passport No/Company No.561105-08-6569
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 Each
Name & address of registered holderKoh Poh Seng, No.34, Jalan Hujan Gerimis Dua, Taman Overseas Union, 58200 Kuala Lumpur;
Amsec Nominees (Tempatan) Sdn Bhd, 15th Floor, Bangunan Ambank Group, 55 Jalan Raja Chulan, 50200 Kuala Lumpur;
Alliance Group Nominees (Tempatan) Sdn Bhd, Menara Multi-Purpose Capital Square, 5 Jalan Munshi Abdullah, 50100 Kuala Lumpur;
Public Nominees (Tempatan) Sdn Bhd, Menara Public Bank, 148 Jalan Ampang, 50450 Kuala Lumpur;
Citicorp Nominees (Tempatan) Sdn Bhd, Level 16, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur;
OSK Nominees (Tempatan) Sdn Bhd, 10th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur;
AIBB Nominees (Tempatan) Sdn Bhd, Level 17, Menara Multi-Purpose Capital Square 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired02/07/2014
15,000
0.520 

Circumstances by reason of which change has occurredAcquired in open market.
Nature of interestDirect
Direct (units)62,651,925 
Direct (%)42.38 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change62,651,925
Date of notice03/07/2014


KPSCB - Changes in Director's Interest (S135) - Koh Poh Seng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKPS CONSORTIUM BERHAD  
Stock Name KPSCB  
Date Announced3 Jul 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoKC-140703-D353C

Information Compiled By KLSE

Particulars of Director

NameKoh Poh Seng
AddressNo.34, Jalan Hujan Gerimis Dua, Taman Overseas Union,
58200 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)
Acquired
02/07/2014
15,000
0.520 

Circumstances by reason of which change has occurredAcquired in open market.
Nature of interest
Consideration (if any) 

Total no of securities after change

Direct (units)62,651,925 
Direct (%)42.38 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice03/07/2014

Remarks :
This announcement is served pursuant to Paragraph 14.09 of Chapter 14 of the Main Market Listing Requirements.


GADANG - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameGADANG HOLDINGS BHD  
Stock Name GADANG  
Date Announced3 Jul 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoMI-140703-39826

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalPrivate Placement
Details of corporate proposalPrivate placement of up to 10% of the issued and paid-up share capital of Gadang
No. of shares issued under this corporate proposal19,669,900
Issue price per share ($$)MYR 1.680
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units216,369,443
CurrencyMYR 216,369,443.000
Listing Date04/07/2014

Remarks :
This announcement is dated 3 July 2014


GADANG - OTHERS GADANG HOLDINGS BERHAD ("GADANG" OR "THE COMPANY") PROPOSED SUBSCRIPTION OF 60% EQUITY INTEREST IN PT. IKHWAN MEGA POWER

Announcement Type: General Announcement
Company NameGADANG HOLDINGS BHD  
Stock Name GADANG  
Date Announced3 Jul 2014  
CategoryGeneral Announcement
Reference NoGH-140703-38179

TypeAnnouncement
SubjectOTHERS
DescriptionGADANG HOLDINGS BERHAD ("GADANG" OR "THE COMPANY")
PROPOSED SUBSCRIPTION OF 60% EQUITY INTEREST IN PT. IKHWAN MEGA POWER

Reference is made to the announcement dated 2 May 2013 in relation to the proposed subscription of 9,000 new shares of Rupiah (IDR) 1,000,000 (one million Rupiah) each ("Shares") representing 60% of the enlarged issued share capital of PT. Ikhwan Mega Power ("PTIMP") by the Company's indirect wholly-owned subsidiary, Asian Utilities Pte Ltd ("AUPL").

Gadang is pleased to announce that the subscription of Shares in PTIMP was completed on 26 June 2014 following the approval being obtained from the Indonesia Minister of Laws and Human Rights, via its letter dated 26 June 2014 (which was received on 2 July 2014). With this completion, PTIMP became an indirect subsidiary of the Company.



PARAGON - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NamePARAGON UNION BERHAD  
Stock Name PARAGON  
Date Announced3 Jul 2014  
CategoryGeneral Announcement
Reference NoCC-140702-2E241

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionPARAGON UNION BERHAD ("PUB")
- KUALA LUMPUR HIGH COURT SUIT NO: D8-22-737-2009
PARAGON UNION BERHAD v. PRESTAMEWAH DEVELOPMENT SDN. BHD. & LIW JUN WAI ("the said Material Litigation")

Further to the announcements made on 9 February 2010, 10 February 2010, 26 May 2010 and the First Quarter Results ended 31 March 2014 released on 27 May 2014 which stated, amongst others, the following status of the said Material Litigation:-

On 17 May 2010, the Federal Court dismissed the Company's application for leave to appeal against the decision of the Court of Appeal which set aside the interlocutory mandatory order by the High Court on 16 November 2009 compelling the defendants to refund RM18,000,000 to the Company.

Following that, the Company made an application for summary judgment and the hearing was fixed on 9 December 2010.

On 14 March 2011, the Court heard the Company's application for summary judgment for the refund of RM18,000,000 together with liquidated damages, interest and costs. The application was dismissed as the learned Judicial Commissioner was of the opinion there were triable issues such as alleged misinterpretations prior to the contract, despite their contention that the Share Sale Agreement is a standalone agreement and no extrinsic evidence was permissible.

The Company has instructed the solicitors to proceed with an appeal to the Court of Appeal and also to apply for the sum of RM18,000,000 to be paid into court by the defendants.

The Record of Appeal has been lodged with the Court of Appeal on 12 August 2011.

The Company's appeal was fixed for hearing on 1 March 2012. The Court dismissed the Company's appeal and directed the matter to be fixed for full trial.

The Court further fixed the suit for continued trial on 27 March 2013 and subsequently on 10 April 2013 and 23 April 2013.

The Court concluded trial of the matter and fixed for oral submissions on 5 September 2013.

The Court fixed for further submissions on 3 December 2013 and continued submission on 14 February 2014.

The matter was heard by the Timbalan Pendaftar who then fixed 22 April 2014 (mutual date for all 4 parties) as the next date for hearing of the oral submissions.

The Court further fixed the decision date to be on 18 June 2014.

All the above updates have been disclosed in the Company's quarterly results and Annual Reports.

The Board of Directors of PUB wishes to announce that on 18 June 2014, PUB has been informed in writing by its solicitors, Kamarudin & Partners, that the Court has not allowed PUB's claim for the refund of RM18,000,000 ("said Decision").

However, PUB's solicitors has strongly advised that the said Decision be appealed to the Court of Appeal. Accordingly, PUB has on 1 July 2014 filed an appeal with the Court of Appeal against the said Decision.

Further announcement on the development of the above matter will be made in due course.

This announcement is dated 2 July 2014.



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