August 1, 2014

Company announcements: DAIBOCI, KYM, MAHSING, SPSETIA, MAXTRAL, PRESTAR

DAIBOCI - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameDAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.  
Stock Name DAIBOCI  
Date Announced1 Aug 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoDP-140801-378D2

Date of buy back01/08/2014
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 ($$)4.400
Maximum price paid for each share purchased ($$)4.400
Total consideration paid ($$)8,864.44
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)184,100
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 (%)0.16


KYM - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameKYM HOLDINGS BERHAD  
Stock Name KYM  
Date Announced1 Aug 2014  
CategoryChange in Boardroom
Reference NoKH-140801-63896

Date of change01/08/2014
NameDATO' SERI DR. ISAHAK BIN YEOP MOHAMAD SHAR
Age65
NationalityMalaysian
Type of changeRedesignation
Previous PositionChairman & Executive Director
New PositionChairman
DirectorateNon Independent & Non Executive
QualificationsDato' Seri Dr. Isahak graduated from University of Malaya in Bachelor of Arts (Sociology) in 1973. He received his Masters and Doctorate of Philosophy in Public Administration from University of Southern California in 1978 and 1990 respectively. 
Working experience and occupation Dato' Seri Dr. Isahak began his career as a lecturer with the National Institute of Public Administration (INTAN) from 1974 to 1977. He was in the Public Service Department (PSD) for 10 years as a lecturer and subsequently as Service Division Assistant Director. He was with the State Government of Perak from 1995 to 2004.

Dato' Seri Dr. Isahak was the Secretary General for the Ministry of Natural Resources and Environment from 2004 to 2006. He was formerly the President of Integrity Institute of Malaysia (IIM). 
Directorship of public companies (if any)NIL 
Family relationship with any director and/or major shareholder of the listed issuerNIL 
Any conflict of interests that he/she has with the listed issuerNIL 
Details of any interest in the securities of the listed issuer or its subsidiariesNIL 

Remarks :
Dato' Seri Dr. Isahak bin Yeop Mohammad Shar retired from executive position and re-designated as Non-Independent Non-Executive Chairman of KYM.


MAHSING - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board ("EPF")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced1 Aug 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMS-140801-30DA1

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board ("EPF")
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holder1. Employees Provident Fund Board

2. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board

3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (RHB INV)

Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/07/2014
15,200
 

Circumstances by reason of which change has occurredDisposal of shares by EPF's fund manager
Nature of interestDirect
Direct (units)125,469,792 
Direct (%)8.557 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change125,469,792
Date of notice30/07/2014

Remarks :
Form 29B received on 1 August 2014.


SPSETIA - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):OTHER ISSUE OF SECURITIES

Announcement Type: General Announcement
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced1 Aug 2014  
CategoryGeneral Announcement
Reference NoMI-140801-60111

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
DescriptionS P SETIA BERHAD (“S P SETIA” OR “COMPANY”)

DIVIDEND REINVESTMENT PLAN (“DRP”) THAT PROVIDES THE SHAREHOLDERS OF S P SETIA WITH AN OPTION TO ELECT TO REINVEST THEIR ENTIRE SINGLE-TIER INTERIM CASH DIVIDEND OF 4 SEN PER ORDINARY SHARE OF RM0.75 EACH IN S P SETIA (“S P SETIA SHARE”) FOR THE FINANCIAL YEAR ENDING 31 OCTOBER 2014 (“INTERIM DIVIDEND”) (“2ND DRP”) IN NEW S P SETIA SHARES

Reference is made to the Company’s announcements dated 11 June 2014, 21 July 2014 and 31 July 2014 in relation to the 2nd DRP.

On behalf of the Board of Directors of S P Setia (“Board”), Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that the issue price of the new S P Setia Shares to be issued pursuant to the 2nd DRP (“New Shares”) has been fixed today (“Price-Fixing Date”) at RM3.15 per New Share.

The issue price of the New Shares has been computed based on the 5-day volume weighted average market price (“VWAMP”) of S P Setia Shares up to and including 31 July 2014, being the last trading day prior to the Price-Fixing Date, of RM3.54 after adjusting for the following:

(i) a dividend adjustment of 4 sen to the 5-day VWAMP (“Ex-Dividend VWAMP”); and

(ii) a discount of RM0.35 which is a 10% discount to the Ex-Dividend VWAMP of RM3.50.

On behalf of the Board, Maybank IB also wishes to announce that the entitlement date pursuant to the Interim Dividend and 2nd DRP has been fixed for 15 August 2014.

This announcement is dated 1 August 2014.



SPSETIA - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced1 Aug 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-140801-F9518

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares - RM0.75
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AMUNDI)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (RHB INV)
Citigroup Nominees (Tempatan) Sdn Bhd (NOMURA)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ARIM)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/07/2014
116,000
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect
Direct (units)163,909,526 
Direct (%)6.5 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change163,909,526
Date of notice30/07/2014

Remarks :
Form 29B received on 1/8/2014


SPSETIA - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced1 Aug 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-140801-7BB11

Particulars of substantial Securities Holder

NameKUMPULAN WANG PERSARAAN (DIPERBADANKAN)
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary - RM0.75 per share
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed23/07/2014
1,000,000
 
Disposed24/07/2014
1,400,000
 
Acquired24/07/2014
1,630,900
 

Circumstances by reason of which change has occurredPurchase and Disposal of Shares in open market by KWAP
Nature of interestDirect and Indirect
Direct (units)179,750,289 
Direct (%)7.13 
Indirect/deemed interest (units)10,381,626 
Indirect/deemed interest (%)0.41 
Total no of securities after change190,131,915
Date of notice31/07/2014

Remarks :
Form 29B received on 1/8/2014


MAXTRAL - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameMAXTRAL INDUSTRY BERHAD  
Stock Name MAXTRAL  
Date Announced1 Aug 2014  
CategoryGeneral Announcement
Reference NoCC-140801-55536

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionMONTHLY UPDATE ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 ("PN1") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

We refer to our announcements dated 14 November 2012, 10 December 2012, 3 January 2013, 5 February 2013, 8 March 2013, 2 April 2013, 6 May 2013, 4 June 2013, 1 July 2013, 5 August 2013, 3 September 2013, 1 October 2013, 1 November 2013, 6 December 2013, 8 January 2014, 5 March 2014, 1 April 2014, 2 May 2014, 3 June 2014 and 4 July 2014.

In compliance with paragraph 3.2 of PN1, the Board of Directors of Maxtral Industry Berhad wishes to inform that there has been no material development on the status as announce previously.

This announcement is dated 1 August 2014.


MAXTRAL - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameMAXTRAL INDUSTRY BERHAD  
Stock Name MAXTRAL  
Date Announced1 Aug 2014  
CategoryGeneral Announcement
Reference NoCC-140801-56089

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionMONTHLY UPDATE ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 ("PN1") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

We refer to our announcements dated 28 December 2012, 3 January 2013, 5 February 2013, 8 March 2013, 2 April 2013, 7 May 2013, 4 June 2013, 1 July 2013, 5 August 2013, 3 September 2013, 1 October 2013, 1 November 2013, 6 December 2013, 8 January 2014, 5 March 2014, 1 April 2014, 2 May 2014, 3 June 2014 and 4 July 2014.

In compliance with paragraph 3.2 of PN1, the Board of Directors of Maxtral Industry Berhad wishes to inform that there has been no material development on the status announced previously.

This announcement is dated 1 August 2014.


MAXTRAL - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameMAXTRAL INDUSTRY BERHAD  
Stock Name MAXTRAL  
Date Announced1 Aug 2014  
CategoryGeneral Announcement
Reference NoCC-140801-56478

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionMONTHLY UPDATE PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

We refer to our announcements dated 21 December 2012, 3 January 2013, 5 February 2013, 8 March 2013, 2 April 2013, 6 May 2013, 4 June 2013, 1 July 2013, 5 August 2013, 3 September 2013, 1 October 2013, 1 November 2013, 6 December 2013, 20 December 2013, 23 December 2013, 8 January 2014, 28 January 2014, 5 March 2014, 1 April 2014, 14 April 2014, 2 May 2014, 3 June 2014 and 4 July 2014.

The Board of Directors of Maxtral Industry Berhad ("Maxtral" or the "Company") wishes to inform that the Company had on 20 December 2013 submitted an application to Bursa Malaysia Securities Berhad ("Bursa Securities") for extension of time ("Application") to submit its Regularisation Plan to the Securities Commission or Bursa Securities (as the case may be). The Company was required to submit its Regularisation Plan on or before 22 December 2013.

The Company was further informed by Bursa Malaysia Berhad by its letter dated 23 December 2013 that the suspension on the trading of the Company's securities and de-listing of the Company in accordance with Paragraph 8.04(5) of the Main Market Listing Requirements shall be deferred pending decision on the Application.

On 19 February 2014, Bursa Malaysia Berhad informed the Company by letter that the Application, after due consideration of all facts and circumstances of the matter, was rejected. The Company was informed that the trading in the securities of the Company will remain suspended until futher notice and the securities of the Company will be de-listed on 3 March 2014 unless an appeal against the de-listing is submitted to Bursa Securities on or before 26 February 2014 ("the Appeal Timeframe"). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In response to the above decline, the Company had on 26 February 2014 submitted an appeal to Bursa Securities ("Appeal") for the de-lisitng of the securities of Maxtral and its decision in declining the Company's Application for extension for time in submitting the Regularisation Plan.

On 11 April 2014, the Company received a reply from Bursa Securities. After due consideration of all facts and circumstances of the case including the written and oral representations of the Company and the following:-

-AmInvestment Bank Berhad had been appointed as the principal adviser for the Company's proposed Regularisation Plan on 17 March 2014; and
- Subsequent to the termination of the Company's earlier Regularisation Plan involving NEP Holdings (Malaysia) Berhad and Fenghua Construction Engineering Co Ltd in January and March 2014 respectively the Company had managed to secure a new white knight i.e. Bountiful Returns Sdn Bhd ("Bountiful") and had received conditional letters of offers dated 20 March 2014 from Bountiful for the supply of timber logs and leasing of a factory.

Bursa Securities has decided to grant Maxtral an extension of time until 31 July 2014 as requested to submit the Regularisation Plan to the relevant authorities for approval ("the Extended Timeframe").

Bursa Securities further decided to de-list the securities of the Company from the Official List of Bursa Securities pursuant to paragraph 8.04 of the Main Market Listing Requirement in the event:-

(i) the Company fails to submit the Regularisation Plan to the relevant authorities for approval within Extended Timeframe;

(ii) the Company fails to obtain the approval for the implementation of its Regularisation Plan and does not appeal within the Timeframe (or Extended Timeframe, as the case may be) prescribed to lodge an appeal;

(iii) the Company does not succeed in its appeal; or
(iv) the Company fails to implement its Regularisation Plan within the Timeframe or Extended Timeframe stipulated by the relevant authorities.

Upon occurrence of any of the events set out in (i) to (iv) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date the Company is notified by Bursa Securities or such other date may be specified by Bursa Securities.

In arriving at the aforesaid decision to de-list the Company upon occurrence of any of the events set out (i) to (iv), Bursa Securities had considered, amongst others, the following factors:-

(1) Maxtral had failed to regularise the Company's financial condition in accordance with paragraph 8.04 of the Main Market Listing Requirements and PN17;

(2) The Company had started making losses since financial year ended 31 December 2010 and the financial results of Maxtral for the past three (3) financial years ended ("FYE") 31 December 2010 to 31 December 2012 and the Company's latest quarterly report for the financial period ended 31 December 2013 (4th Quarter 2013) as follows:

Item
FYE 31/12/2010
(RM'000)
FYE 31/12/2011
(RM'000)
FYE 31/12/2012
(RM'000)
4th Quarter 2013
(RM'000)
Revenue
61,464
21,936
15,441
1,704
(Loss)/Profit before tax
(11,091)
(120,913)
(42,393)
(84,052)
(Loss)/Profit after tax
(10,041)
(118,243)
(41,405)
(67,335)
Shareholders' equity
192,314
76,181
34,776
(30,582)
Total interest bearing borrowings
62,409
61,063
62,422
33,910
Net current assets/(liabilities)
39,529
3,439
(32,575)
(30,658)

(3) All PN17 companies are required to regularise their financial condition and level of operations expeditiously within the Timeframes prescribed in paragraph 8.04 of the Main Market Lisitng Requirements and PN17 or Extended Timeframe as may be granted by Bursa Securities;

(4) The requirement for companies to have an adequate level of financial condition and level of operations serves to ensure that the companies listed on the Official List are of a certain minimum quality. Companies that have a minimum level financial condition and level of operation serve to preserve and sustain market integrity and investor's confidences; and

(5) In the opinion of Bursa Securities, adequate time and opportunity had been accorded to Maxtral to regularise the Company's financial condition since Maxtral's First Announcement on 21 December 2012.

On the 25 July 2014, on behalf of the Board of Directors of Maxtral, AmIvestment Bank Berhad announced that an application was submitted to Bursa Securities for extentions of five (5) months from the submission of Proposed Regularisation Plan deadline of 31 July 2014 for Maxtral to finalise the Proposed Regularisation Plan prior to the submission the relevant authorities.

This announcement is dated 1 August 2014.


PRESTAR - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NamePRESTAR RESOURCES BERHAD  
Stock Name PRESTAR  
Date Announced1 Aug 2014  
CategoryGeneral Announcement
Reference NoCS-140801-60841

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionPRESTAR RESOURCES BERHAD (“PRESTAR” OR “THE COMPANY”)
- DEALING IN COMPANY'S SHARES DURING CLOSED PERIOD

Pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Encik Md. Nahar Bin Noordin, a Director of the Company, had given his notice of direct dealings in the securities of the Company during the closed period, details as set out in the table below:-

Ordinary Shares of RM 0.50 each

Direct Interest

Date of Transaction

Price Per Share (RM)

No. of shares acquired/(disposed)

Percentage (%)

01/08/2014

0.72

(1,180,000)

0.65

This announcement is dated 1 August 2014.



No comments:

Post a Comment