ICON - OTHERS DISPOSAL OF VESSEL
| Company Name | ICON OFFSHORE BERHAD |
| Stock Name | ICON |
| Date Announced | 8 Aug 2014 |
| Category | General Announcement |
| Reference No | IO-140807-67543 |
| Type | Announcement |
| Subject | OTHERS |
| Description | DISPOSAL OF VESSEL |
INTRODUCTION Our Board
of Directors (“Board”) wishes to
announce that Icon Ship Management Sdn. Bhd. our wholly owned subsidiary,
recently entered into a memorandum of agreement (“MOA”) to dispose of a vessel to Hadi Hamad Al-Hammam Est., Marine
Services, a company incorporated in the Kingdom of Saudi Arabia, for a total
cash consideration of USD3,880,000.00 (“Sale
Consideration”) (“Proposed Disposal”).
DETAILS OF THE VESSEL Tanjung
Manis (the “Vessel”) is one of our vessels
classified as a utility vessel (“UV”). It is a much smaller version of the straight
supply vessel but without cargo tanks for drilling fluids or cement. UVs
primarily operate in shallow water and are typically used to transport deck
cargo, fuel, fresh water, food provision and personnel. The Vessel was built in year 2005 with 3,484
brake horse power.
BASIS OF ARRIVING AT THE SALE
CONSIDERATION The Sale
Consideration was arrived at on an arm’s length basis in line with the current
market price for such type of vessel. The payment terms of the Proposed
Disposal are in the following manner: COMPLETION OF PROPOSED DISPOSAL The Proposed
Disposal is expected to be completed by the end of third quarter 2014.
APPROVALS REQUIRED None
required.
RATIONALE The Proposed
Disposal is in line with our fleet renewal programme where we expect to replace
some of our lower specification vessels with vessels that have greater engine
capacity and which are equipped with dynamic positioning capabilities to ensure
that our fleet is up-to-date and have the capability to operate in harsher
weather conditions and deeper waters, in order to manage our fleet portfolio into
optimal fleet size, age and composition.
FINANCIAL EFFECTS
The Proposed
Disposal is not expected to have any material effect on the earnings and net
assets of the Company. Notwithstanding this, the disposal of the Vessel is not
expected to have any effects on the share capital and shareholding structure of
the Company. DIRECTORS'
AND SHAREHOLDERS' INTEREST None
of the Directors, major shareholders of ICON and/or persons connected with the
Directors or its subsidiaries has any interest, direct or indirect in the Proposed
Disposal.
DIRECTORS' RECOMMENDATION Our Board
is of the opinion that the Proposed Disposal is in the best interest of our Company.
DOCUMENTS
AVAILABLE FOR INSPECTION A
copy of the MOA is available for inspection at the office of ICON at Level 12A,
East Wing, The Icon, No. 1 Jalan 1/68F, Off Jalan Tun Razak, 55000 Kuala
Lumpur, Malaysia for a period of three (3) months from the date of this announcement
during normal office hours from Monday to Friday (except for public holidays). This
announcement is dated 8 August 2014.
| |
ICON - OTHERS ACQUISITION OF ONE (1) ACCOMMODATION WORK BOAT
| Company Name | ICON OFFSHORE BERHAD |
| Stock Name | ICON |
| Date Announced | 8 Aug 2014 |
| Category | General Announcement |
| Reference No | IO-140807-67433 |
| Type | Announcement |
| Subject | OTHERS |
| Description | ACQUISITION OF ONE (1) ACCOMMODATION WORK BOAT |
INTRODUCTION
Our Board of Directors (“Board”) is pleased to announce that Icon Kayra (L) Inc, our wholly-owned subsidiary, had on 6 August 2014 completed the acquisition of one (1) accommodation work boat (“AWB”), SK Line 600 (“Vessel”) from Nam Cheong International Ltd (“Acquisition”) for a purchase consideration amounting to USD30.0 million equivalent to RM95.7 million only.
DETAILS OF THE VESSEL
The Vessel has a maximum deadweight of approximately 3,500 tonne, equipped with a dynamic positioning system to class requirement for DPS-2 notation (“DP2”) and a four-point mooring system. It can accommodate up to 200 passengers. It is also equipped with a 50-tonne crane as well as approximately 1,000msq of clear deck space for carrying out maintenance or construction of equipment.
APPROVALS REQUIRED
None required.
RATIONALE
The Vessel is our first AWB for our fleet. The Acquisition is in line with our fleet expansion programme where we expect to selectively diversify our fleet composition to enable us to manage our fleet according to our customers’ requirements and capture growth potential in the industry, as well as to move up the offshore support vessel value chain by adding vessels to our fleet that are equipped with DP2 to be able to operate and provide marine support services in harsher weather conditions and deeper waters.
FINANCIAL EFFECTS
The Acquisition is not expected to have any effects on the share capital and shareholding structure of our Company and no material effect on the net assets of our company. However, the Acquisition is expected to contribute positively to the earnings of our group of companies for the financial year ending 31 December 2014 and beyond.
DIRECTORS' AND SHAREHOLDERS' INTEREST
None of the Directors, major shareholders of ICON and/or persons connected with the Directors or its subsidiaries has any interest, direct or indirect in the Acquisition.
DIRECTORS' STATEMENT
Our Board is of the opinion that the Acquisition is in the best interest of our Company.
The announcement is dated 8 August 2014. | |
ICON - OTHERS TEMPORARY VARIATION TO THE UTILISATION OF INITIAL PUBLIC OFFERING PROCEEDS
| Company Name | ICON OFFSHORE BERHAD |
| Stock Name | ICON |
| Date Announced | 8 Aug 2014 |
| Category | General Announcement |
| Reference No | IO-140807-67054 |
| Type | Announcement |
| Subject | OTHERS |
| Description | TEMPORARY VARIATION TO THE UTILISATION OF INITIAL PUBLIC OFFERING PROCEEDS |
(Capitalised terms used in this announcement shall have the same meanings as those used in the Prospectus dated 30 May 2014 issued by the Company (“Prospectus”), unless otherwise stated) INTRODUCTION ICON was listed on the Main Market of Bursa Malaysia Securities Berhad on 25 June 2014 after an Offer for Sale of approximately 289.02 million Offer Shares and the Public Issue of approximately 221.75 million Issue Shares (“IPO”). Total gross proceeds of approximately RM410.23 million were raised from the Public Issue. As disclosed in Section 4.9 of the Prospectus, out of the total gross proceeds raised from the Public Issue, a total amount of RM166.2 million or 40.5% is allocated for expansion of our fleet based on the identified four (4) vessels described in the Prospectus.
DETAILS OF THE VARIATION Our Board of Directors (“Board”) wishes to announce that it has approved a temporary variation to the utilisation of part of our IPO proceeds earmarked for the abovementioned fleet expansion amounting to approximately RM86.4 million to settle the remaining acquisition consideration for an Accommodation Work Boat, SK Line 600 ( “Vessel”) by Icon Kayra (L) Inc, our wholly owned subsidiary, representing approximately 21% of the IPO proceeds. The settlement of the remaining acquisition consideration for the Vessel would provide us greater flexibility in structuring our financing based on our business needs. For the avoidance of doubt, the Vessel was not identified as one of the four (4) vessels which were meant to be partly funded by our IPO proceeds as disclosed in Section 4.9 of the Prospectus. The prior arrangement for the funding of the remaining acquisition consideration for the Vessel is via borrowings from a domestic bank. This is only a temporary arrangement for a period of up to six (6) months from the date of this announcement until we obtain the necessary and more appropriate funding for the Vessel which partly depends on the potential charter contract for the Vessel. Once the said funds are in place, we will again have the same amount of proceeds to be utilised for our vessel fleet expansion plan in the manner disclosed in the Prospectus.
RATIONALE The temporary utilisation of the IPO proceeds for this purpose will allow our Company to enjoy cost savings of approximately RM1.0 million in the form of structuring/commitment fees and legal fees compared to a drawdown of the loan from the aforesaid domestic bank at the point of settlement of the remaining acquisition price of the Vessel.
DIRECTORS’ STATEMENT Our Board is of the opinion that the temporary revision to the utilisation of IPO proceeds will not have any adverse effect on the future plans of the Company and will not be detrimental to the Company’s business operations. Our Company shall continue to be vigilant and prudent in managing our IPO proceeds and will continue to disclose the status of the utilisation in our quarterly and annual reports until it is fully utilised. This announcement is dated 8 August 2014.
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BIMB - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | BIMB HOLDINGS BERHAD |
| Stock Name | BIMB |
| Date Announced | 8 Aug 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | BH-140808-2CD84 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur. |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM1.00 each. |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident Fund Board) of Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 05/08/2014 | 714,200 |
| Remarks : |
| The breakdown of 137,406,221 Ordinary Shares of RM1.00 each held by Employees Provident Fund Board are as follows:- 1) 122,534,901 shares are registered under Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident Fund Board); 2) 9,271,320 shares are registered under Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident FD BD (CIMB PRI)); 3) 1,600,000 shares are registered under Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident FD BD (ARIM)); 4) 4,000,000 shares are registered under Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident FD BD (KAF FM)); Form 29B received on 8 August 2014. |
HLCAP - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD
| Company Name | HONG LEONG CAPITAL BERHAD |
| Stock Name | HLCAP |
| Date Announced | 8 Aug 2014 |
| Category | General Announcement |
| Reference No | HC-140808-54303 |
| Type | Announcement | ||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS DURING CLOSED PERIOD | ||||||||||
| Description | Pursuant to Paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Hong Leong Capital Berhad ("HLCB") wishes to inform that the following Principal Officer has given notice of her dealing in the ordinary shares of HLCB. | ||||||||||
This announcement is dated 8 August 2014. | |||||||||||
HLBANK - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | HONG LEONG BANK BERHAD |
| Stock Name | HLBANK |
| Date Announced | 8 Aug 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | HB-140808-38C6A |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM1.00 each ("Shares") |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board - 225,113,343 Shares Employees Provident Fund Board - 1,500,000 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (HDBS) - 4,887,500 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (KAF FM) - 2,300,000 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) - 8,130,940 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) - 434,600 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (TEMPLETON) - 2,077,200 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ABERDEEN) - 3,030,000 Shares |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 05/08/2014 | 106,600 |
| Remarks : |
| Received EPF's notice dated 6 August 2014 on 8 August 2014. This announcement is dated 8 August 2014. |
HLBANK - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | HONG LEONG BANK BERHAD |
| Stock Name | HLBANK |
| Date Announced | 8 Aug 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | HB-140808-35D92 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM1.00 each ("Shares") |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board - 225,219,943 Shares Employees Provident Fund Board - 1,500,000 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (HDBS) - 4,887,500 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (KAF FM) - 2,300,000 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) - 8,130,940 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) - 434,600 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (TEMPLETON) - 2,077,200 Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ABERDEEN) - 3,030,000 Shares |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 04/08/2014 | 643,500 |
| Remarks : |
| Received EPF's notice dated 5 August 2014 on 8 August 2014. This announcement is dated 8 August 2014. |
MAXIS - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board ("EPF Board")
| Company Name | MAXIS BERHAD |
| Stock Name | MAXIS |
| Date Announced | 8 Aug 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | MM-140808-4FB13 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board ("EPF Board") |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares") |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd EPF Board Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur - in respect of the disposal of 50,000 Maxis Shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur - in respect of the disposal of 922,000 Maxis Shares |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 05/08/2014 | 972,000 |
| Remarks : |
| This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 6 August 2014 and received by the Company on 8 August 2014. The registered holders of the 503,870,900 Maxis Shares are as follows:- Directly held 1. Citigroup Nominees (Tempatan) Sdn Bhd EPF Board - in respect of 484,630,100 Maxis Shares 2. EPF Board - in respect of 1,500,000 Maxis Shares Held through nominee 3. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (RHB INV) - in respect of 1,000,000 Maxis Shares 4. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - in respect of 1,782,600 Maxis Shares 5. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) - in respect of 10,405,900 Maxis Shares 6. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - in respect of 3,652,300 Maxis Shares 7. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - in respect of 900,000 Maxis Shares |
LITRAK - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (Diperbadankan) ["KWAP"]
| Company Name | LINGKARAN TRANS KOTA HOLDINGS BERHAD |
| Stock Name | LITRAK |
| Date Announced | 8 Aug 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | LT-140808-2DD01 |
Particulars of substantial Securities Holder
| Name | Kumpulan Wang Persaraan (Diperbadankan) ["KWAP"] |
| Address | Aras 4, 5 & 6 Menara Yayasan Tun Abdul Razak 200 Jalan Bukit Bintang 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | KWAPACT 6622007 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.20 each. |
| Name & address of registered holder | As above. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 01/08/2014 | 46,300 |
| Remarks : |
| Received notice of change on 8/8/14. |
HWANG - PROVISION OF FINANCIAL ASSISTANCE
| Company Name | HWANG CAPITAL (MALAYSIA) BERHAD |
| Stock Name | HWANG |
| Date Announced | 8 Aug 2014 |
| Category | General Announcement |
| Reference No | HC-140808-48489 |
| Type | Announcement |
| Subject | PROVISION OF FINANCIAL ASSISTANCE |
| Description | QUARTERLY DISCLOSURE PURSUANT TO PARAGRAPH 8.23(2)(e) OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS |
Pursuant to Paragraph 8.23 (2)(e) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, we furnish herewith the quarterly disclosure in respect of HDM Capital Sdn. Bhd., a wholly-owned subsidiary of the Company for the financial year ended 31 July 2014. HDM Capital Sdn. Bhd. holds a moneylending licence. | |
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