FGV - OTHERS PROPOSED ACQUISITION OF ASSET VIA A JOINT VENTURE BETWEEN FELDA GLOBAL VENTURES DOWNSTREAM SDN. BHD. (“FGVD”), A SUBSIDIARY OF FGV, M2 CAPITAL SDN. BHD. (“M2 CAPITAL”) AND BENEFUEL INTERNATIONAL HOLDINGS S. .R.L. (“BENEFUEL”) (“PROPOSED JOINT VENTURE”)
| Company Name | FELDA GLOBAL VENTURES HOLDINGS BERHAD |
| Stock Name | FGV |
| Date Announced | 29 Aug 2014 |
| Category | General Announcement |
| Reference No | FG-140828-4D669 |
| Type | Announcement | ||||||||||||||||||||
| Subject | OTHERS | ||||||||||||||||||||
| Description | PROPOSED ACQUISITION OF ASSET VIA A JOINT VENTURE BETWEEN FELDA GLOBAL VENTURES DOWNSTREAM SDN. BHD. (“FGVD”), A SUBSIDIARY OF FGV, M2 CAPITAL SDN. BHD. (“M2 CAPITAL”) AND BENEFUEL INTERNATIONAL HOLDINGS S. .R.L. (“BENEFUEL”) (“PROPOSED JOINT VENTURE”) | ||||||||||||||||||||
1.
INTRODUCTION The Board of Directors (“Board”) of
FGV is pleased to announce that Felda
Global Ventures Downstream Sdn. Bhd.(“FGVD”), a wholly-owned subsidiary of FGV,
had on 29th August 2014 entered into a Joint Venture
cum Shareholders Agreement (“JVA”) with M2 Capital Sdn. Bhd. (“M2 CAPITAL")
and Benefuel International Holdings S.A.R.L. (“BENEFUEL”)
to set up a joint venture through a single-purpose joint venture company (“JV Company”).
Pursuant to a conditional agreement
to be known as the Plant Purchase
Agreement, the JV Company has agreed to acquire a biodiesel plant (“Plant”)
located at Kuantan Port, Malaysia from Mission Biofuels Sdn. Bhd. (Company No.
735218-A) (“MBSB”) for USD twenty two million and five
hundred thousand (USD 22,500,000.00) (“Plant Acquisition”) and thereafter carry out retrofitting and refurbishment on the
Plant for it to operate on the Benefuel ENSEL technology. The JV Company shall
then venture into the business of producing and manufacturing biodiesel using
the retrofitted Plant. 2. DETAILS OF THE PROPOSED JOINT
VENTURE 2.1 Proposed Joint Venture Subject to the fulfilment of the conditions precedent and
closing of the JVA and the Plant Purchase Agreement, the initial paid-up capital of the JV
Company shall be RM100.00 divided
into 100 shares of RM1.00 each. 2.2 Shareholding (a) The shareholding of FGVD, M2 CAPITAL and
BENEFUEL(hereinafter referred to collectively as “Parties” and individually as
“Party”) in the JV Company and
the participation of the Parties in the JV Company shall be in the following proportions:
(b) FGVD shall
initially subscribe to 60 issued
shares at a nominal value of RM1.00 per share. This is 60% of the total issued
shares of 100. (c) M2 CAPITAL shall initially subscribe to 20 issued shares at a nominal value
of RM1.00 per share. This is 20% of the total issued shares of 100. (d) BENEFUEL shall
initially subscribe to 20 issued
shares at a nominal value of RM1.00 per share. This is 20% of the total issued
shares of 100. 3. SALIENT TERMS
OF THE JVA 3.1 Conditions Precedent The Proposed Joint
Venture is subject to the fulfilment of the conditions precedent as set out
in the Plant Purchase Agreement, which include among others the following (“Conditions
Precedent”): (i) The JV Company conducting a Front End Loading-2 (“FEL-2”) study
on the Plant with the result of the FEL-2 study demonstrating or proving that
the Plant fulfills FEL-2 conditions; (ii) Negotiation, finalization and execution of
other related commercial agreements within
ninety (90) days from the date of the JVA. 3.2 Details of the Project The Parties
acknowledge that the estimated
project cost for the Proposed Joint Venture including
the Plant Acquisition, licensing costs, purchase of catalyst, refurbishment and
retrofit shall be approximately USD47,500,000.00. For the Plant Acquisition,
the Parties acknowledge that on the execution of the Plant Purchase Agreement,
a refundable deposit of USD225,000.00 representing 1% of the purchase price of
the Plant is due and payable by the JV Company to MBSB. A progressive payment of USD11,025,000.00 representing 49% of
the purchase price of the Plant to be paid by the JV Company to MBSB on the
Unconditional Date (upon fulfillment of the conditions precedent in the Plant
Purchase Agreement). The remaining 50% (less retention sum and the judgment
deposit) of the purchase price of the Plant shall be paid by the JV Company to
MBSB upon closing of the Plant Purchase Agreement. The total consideration for
the Plant Acquisition shall be satisfied entirely in cash. 3.3 Business of the JV Company Subject to the
terms of the JVA, the business of the JV Company shall be to engage in the
manufacturing and production of biodiesel, and other activities incidental and
ancillary thereto and modifications thereof as mutually agreed by the
Parties. 3.4 Equity Participation FGVD, M2 CAPITAL and BENEFUEL’s equity participation in
the JV Company shall be in the following proportions:
4.
RATIONALE FOR THE PROPOSED JOINT
VENTURE Through the joint
venture, FGVD, M2 CAPITAL and BENEFUEL will be able to
collaborate and leverage on each other’s strength and areas of expertise to
venture into the manufacturing business of biodiesel production in
Malaysia. 5.
FINANCIAL EFFECTS OF THE PROPOSED
JOINT VENTURE The Proposed Joint
Venture is not expected to have a significant effect on the earnings per share,
net assets per share, gearing, share capital and substantial shareholders’
shareholdings in FGV for the current year ending 31st December 2014. 6.
APPROVALS REQUIRED The Proposed Joint
Venture is not subject to approvals from any relevant authorities or parties. 7.
DIRECTORS’ AND MAJOR SHAREHOLDERS’
INTEREST None of the
Directors and major shareholders of FGV and/or persons connected to them have
any interest, direct or indirect, the Proposed Joint Venture. 8.
ESTIMATED TIMEFRAME FOR CLOSING Barring any
unforeseen circumstances, the Proposed Joint Venture is expected to be
completed in the 4th quarter of the financial year ending 2014. This
announcement is dated 29th August
2014. | |||||||||||||||||||||
DAIMAN - Change in Boardroom
| Company Name | DAIMAN DEVELOPMENT BHD |
| Stock Name | DAIMAN |
| Date Announced | 29 Aug 2014 |
| Category | Change in Boardroom |
| Reference No | CJ-140829-54854 |
| Date of change | 29/08/2014 |
| Name | Eddie Chan Yean Hoe |
| Age | 59 |
| Nationality | Malaysian |
| Type of change | Redesignation |
| Previous Position | Executive Director |
| New Position | Non-Executive Director |
| Directorate | Non Independent & Non Executive |
| Qualifications | |
| Working experience and occupation | |
| Directorship of public companies (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Direct interest - 200,000 ordinary shares of RM1.00 each. |
| Remarks : |
| The Board of Directors has at the Board Meeting held today accepted the resignation of Mr Eddie Chan Yean Hoe as Executive Director and Chief Financial Officer of the Company with immediate effect due to the expiry of his contract of service on 31 August 2014. |
DAIMAN - OTHERS PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR PROPOSED SHARE BUY-BACK BY THE COMPANY
| Company Name | DAIMAN DEVELOPMENT BHD |
| Stock Name | DAIMAN |
| Date Announced | 29 Aug 2014 |
| Category | General Announcement |
| Reference No | CJ-140829-44389 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR PROPOSED SHARE BUY-BACK BY THE COMPANY |
The Board of Directors of Daiman wishes to announce that the Company will seek for its shareholders' approval for the Proposed Renewal of Shareholders' Mandate for Proposed Share Buy-back by the Company ("the Proposed Share Buy-back") at the forthcoming 42nd Annual General Meeting of the Company. A Statement containing information on the Proposed Share Buy-back will be issued and despatched to shareholders together with 2014 Annual Report of the Company in due course. This announcement is dated 29 August 2014. | |
PARKSON - Notice of Shares Buy Back - Immediate Announcement
| Company Name | PARKSON HOLDINGS BERHAD |
| Stock Name | PARKSON |
| Date Announced | 29 Aug 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | PH-140829-63056 |
| Remarks : |
| The Company has on 8 August 2014 made a distribution of share dividend on the basis of three (3) treasury shares for every fifty (50) ordinary shares of RM1.00 each held in the Company, fractions of treasury shares being disregarded (“Distribution of Share Dividend”). The Distribution of Share Dividend involved a distribution of a total of 61,703,857 treasury shares. |
MTDACPI - Annual Audited Accounts - 31 March 2014 (Errata) (Amended Announcement)
| Company Name | MTD ACPI ENGINEERING BERHAD |
| Stock Name | MTDACPI |
| Date Announced | 29 Aug 2014 |
| Category | PDF Submission |
| Reference No | MA-140829-D3171 |
| Subject | Annual Audited Accounts - 31 March 2014 (Errata) |
MTDACPI - PROVISION OF FINANCIAL ASSISTANCE
| Company Name | MTD ACPI ENGINEERING BERHAD |
| Stock Name | MTDACPI |
| Date Announced | 29 Aug 2014 |
| Category | General Announcement |
| Reference No | MA-140828-71780 |
| Type | Announcement |
| Subject | PROVISION OF FINANCIAL ASSISTANCE |
| Description | QUARTERLY REPORT ON PROVISION OF FINANCIAL ASSISTANCE |
Please refer to the attachment. | |
PETGAS - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN DIPERBADANKAN
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 29 Aug 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PG-140829-79B93 |
Particulars of substantial Securities Holder
| Name | KUMPULAN WANG PERSARAAN DIPERBADANKAN |
| Address | Aras 4, 5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | KWAPACT6622007 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Share of RM1.00/share |
| Name & address of registered holder | Kumpulan 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 transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 22/08/2014 | 200,000 |
| Remarks : |
| Received Form 29B on 29 August 2014 |
MKH - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | MKH BERHAD |
| Stock Name | MKH |
| Date Announced | 29 Aug 2014 |
| Category | General Announcement |
| Reference No | M--140829-3D76D |
| Type | Announcement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Description | Notice pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Company wishes to announce that it has received notification on 29 August 2014 pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Securities from Tan Sri Dato' Chen Kooi Chiew @ Cheng Ngi Chong, the Executive Chairman of the Company, on his dealings in the securities of the Company outside the closed period as shown in the table below:-
Note: * Acquisition of shares via open market. This announcement is dated 29 August, 2014. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
PDZ - Quarterly rpt on consolidated results for the financial period ended 30/6/2014
| Company Name | PDZ HOLDINGS BHD |
| Stock Name | PDZ |
| Date Announced | 29 Aug 2014 |
| Category | Financial Results |
| Reference No | CC-140828-57530 |
| Financial Year End | 30/06/2014 |
| Quarter | 4 |
| Quarterly report for the financial period ended | 30/06/2014 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION30/06/2014 |
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 | 43,817 | 47,806 | 159,998 | 199,287 |
| 2 | Profit/(loss) before tax | 2,888 | -9,554 | 2,178 | -11,271 |
| 3 | Profit/(loss) for the period | 2,329 | -9,876 | 865 | -12,448 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 1,921 | -10,187 | -493 | -13,829 |
| 5 | Basic earnings/(loss) per share (Subunit) | 0.22 | -1.17 | -0.06 | -1.59 |
| 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 ($$) | 0.1100 | 0.1100 | ||
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 |
APOLLO - Annual Audited Accounts - 30 April 2014
| Company Name | APOLLO FOOD HOLDINGS BERHAD |
| Stock Name | APOLLO |
| Date Announced | 29 Aug 2014 |
| Category | PDF Submission |
| Reference No | CJ-140829-61238 |
| Subject | Annual Audited Accounts - 30 April 2014 |
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