August 12, 2014

Company announcements: PMETAL, PMETAL-LA, WCT, SUIWAH

PMETAL - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES

Announcement Type: General Announcement
Company NamePRESS METAL BERHAD  
Stock Name PMETAL  
Date Announced12 Aug 2014  
CategoryGeneral Announcement
Reference NoMI-140812-69621

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
DescriptionPRESS METAL BERHAD (“PMB” OR “COMPANY”)

(I) PROPOSED BONUS ISSUE OF UP TO 584,934,441 NEW ORDINARY SHARES OF RM0.50 EACH IN PMB (“SHARES”) (“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY EXISTING SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED (“ENTITLEMENT DATE”) (“PROPOSED BONUS ISSUE”);

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF PMB FROM RM500,000,000 COMPRISING 1,000,000,000 SHARES TO RM1,000,000,000 COMPRISING 2,000,000,000 SHARES TO FACILITATE THE PROPOSED BONUS ISSUE (“PROPOSED IASC”); AND

(III) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF PMB TO FACILITATE THE PROPOSED IASC (“PROPOSED AMENDMENTS”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

On behalf of the Board of Directors of PMB ("Board"), Maybank Investment Bank Berhad ("Maybank IB") wishes to announce that the Company proposes to undertake the Proposals, details of which are set out in the ensuing sections of this Announcement.



PMETAL-LA - Changes in Director's Interest (S135) - Tuan Haji Mohamad Faiz Bin Abdul Hamid

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePRESS METAL BERHAD  
Stock Name PMETAL-LA  
Date Announced12 Aug 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140812-65836

Information Compiled By KLSE

Particulars of Director

NameTuan Haji Mohamad Faiz Bin Abdul Hamid
AddressNo. 79, Persiaran Impian Gemilang
Saujana Impian
47300 Kajang
Selangor Darul Ehsan
Malaysia
Descriptions(Class & nominal value)8-YEAR 6% REDEEMABLE CONVERTIBLE SECURED LOAN STOCKS ("RCSLS")

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
12/08/2014
45,093
 

Description of other type of transactionConversion of RCSLS
Circumstances by reason of which change has occurredConversion of RCSLS
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice12/08/2014


WCT - OTHERS WCT Holdings Berhad Update on Bakun Hydroelectric Project -Execution of agreements for the settlement of all rights, obligations and liabilities in respect of the undertaking of the CW2 Package (Main Civil Works) for the Bakun Hydroelectric Project

Announcement Type: General Announcement
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced12 Aug 2014  
CategoryGeneral Announcement
Reference NoWW-140812-41165

TypeAnnouncement
SubjectOTHERS
DescriptionWCT Holdings Berhad

Update on Bakun Hydroelectric Project
-Execution of agreements for the settlement of all rights, obligations and liabilities in respect of the undertaking of the CW2 Package (Main Civil Works) for the Bakun Hydroelectric Project

Following the completion of the CW2 Package for the main civil works for the Bakun Hydroelectric Project (“CW2 Contract”) by the Malaysian-China Hydro Joint Venture (MCH JV), the Board of Directors of WCT Holdings Berhad ("WCT" or “the Company”) wishes to announce that WCT Berhad (“WCTB”), which is a wholly-owned subsidiary of the Company had on 11 August 2014 entered into:

(i) a Supplemental Agreement to the Joint Venture Agreement (“Supplemental Agreement”) in respect of the MCH JV dated 12 June 2002 with the other parties to the MCH JV; and
(ii) a Settlement Agreement in respect of the CW2 Contract with some of the parties to the MCH JV, namely Sime Engineering Sdn Bhd (“SESB”), Sinohydro Corporation (“Sinohydro”) and MTD Capital Berhad (“MTD”) (“Settlement Agreement”).

Pursuant to the Supplemental Agreement, each of the parties to the MCH JV has agreed to release, waive, relinquish, withdraw and discharge any and all claims, actions, causes of actions, obligations, liabilities, judgments, orders and demands whatsoever nature whether known or unknown, related to and/or arising out of the MCHJV and/or the CW2 Contract which it had instituted or may now have or may hereafter have against each other in accordance with and subject to the terms under the Supplemental Agreement.

Further, pursuant to the Settlement Agreement, SESB, Sinohydro, WCTB and MTD have collectively agreed to assume, bear and settle all costs in relation to MCH JV’s pre-existing and future rights, obligations and liabilities in relation to the CW2 Contract in accordance with the agreed proportions and on terms and conditions as set out in the Settlement Agreement.

The Company through WCTB, has an effective interest of 7.7% in the MCH JV.

This announcement is dated 12 August 2014.



SUIWAH - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameSUIWAH CORPORATION BERHAD  
Stock Name SUIWAH  
Date Announced12 Aug 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCS-140804-49868

Date of buy back from30/07/2014
Date of buy back to30/07/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)4,700
Minimum price paid for each share purchased ($$)2.900
Maximum price paid for each share purchased ($$)2.900
Total amount paid for shares purchased ($$)13,630.00
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)4,700
Total number of shares retained in treasury (units)3,685,800
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished
Date lodged with registrar of companies12/08/2014
Lodged by Securities Services (Holdings) Sdn Bhd


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