September 18, 2014

Company announcements: ESCERAM, ETITECH, PRIVA, GOB, MAYBANK, FABER, IOICORP, ECM, ZELAN

ESCERAM - Changes in Sub. S-hldr's Int. (29B) - Tan Ching Ling

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameES CERAMICS TECHNOLOGY BHD (ACE Market) 
Stock Name ESCERAM  
Date Announced18 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140918-F7A44

Particulars of substantial Securities Holder

NameTan Ching Ling
AddressNo. 20, Jalan Dian 18
Taman Munsyi Ibrahim
81200 Johor Bahru
Johor
NRIC/Passport No/Company No.550816-01-5827
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderTan Ching Ling
No. 20, Jalan Dian 18
Taman Munsyi Ibrahim
81200 Johor Bahru
Johor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired11/09/2014
70,000
 

Circumstances by reason of which change has occurredAcquisition from Open Market.
Nature of interestDirect
Direct (units)11,770,000 
Direct (%)6.68 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change11,770,000
Date of notice12/09/2014

Remarks :
The Form 29B was received on 18/09/2014.


ETITECH - OTHERS ETI TECH CORPORATION BERHAD ("ETITECH" or "the Company") Outcome of the Court Convened Creditors Meetings ("CCM")

Announcement Type: General Announcement
Company NameETI TECH CORPORATION BERHAD  
Stock Name ETITECH  
Date Announced18 Sept 2014  
CategoryGeneral Announcement
Reference NoCC-140918-50095

TypeAnnouncement
SubjectOTHERS
DescriptionETI TECH CORPORATION BERHAD ("ETITECH" or "the Company")
Outcome of the Court Convened Creditors Meetings ("CCM")
The Company is pleased to inform that-
1. CCM for secured creditors had been postponed to 26 September 2014 at a venue and time to be determined later.

2. The resolution put to the vote of the CCM for unsecured creditors was unanimously carried.

3. The resolution put to the vote of the CCM for hire purchase and lease creditor was unanimously carried.

This announcement is dated 18 September 2014.


PRIVA - OTHERS PRIVASIA TECHNOLOGY BERHAD ("PTB" OR "THE COMPANY") - PROPOSED ACQUISITION OF 100% ISSUED AND PAID UP CAPITAL OF PRIVAGEN SDN. BHD. (FORMERLY KNOWN AS LIBERTY MINING SDN. BHD.)

Announcement Type: General Announcement
Company NamePRIVASIA TECHNOLOGY BERHAD (ACE Market) 
Stock Name PRIVA  
Date Announced18 Sept 2014  
CategoryGeneral Announcement
Reference NoCC-140702-43463

TypeAnnouncement
SubjectOTHERS
DescriptionPRIVASIA TECHNOLOGY BERHAD ("PTB" OR "THE COMPANY") - PROPOSED ACQUISITION OF 100% ISSUED AND PAID UP CAPITAL OF PRIVAGEN SDN. BHD. (FORMERLY KNOWN AS LIBERTY MINING SDN. BHD.)

1. INTRODUCTION

The Board of Directors of Privasia Technology Berhad ("the Company") is pleased to announce that the Company had on 18th September 2014 acquired 100% of the share capital of Privagen Sdn. Bhd. (Formerly known as Liberty Mining Sdn. Bhd.) (Company No. 1017467-A) [hereinafter known as "PRIVAGEN"] comprising of 2 (TWO) Ordinary Shares of RM1.00 each fully paid up for cash consideration of RM2.00. ("Proposed Acquisition").

2. DETAILS OF THE PROPOSED ACQUISITION

2.1 Privagen Sdn. Bhd. (Formerly known as Liberty Mining Sdn. Bhd.) was incorporated on 19 September 2012 with an authorised share capital of RM100,000.00 and an issued and fully paid up capital of RM2.00 divided into 2 ordinary shares of RM1.00 each. The current Directors of PRIVAGEN are Mr. Prasad Kumar a/l Gnanaseygren and Madam Sulaiha Binti Sawadi and the current shareholders are Mr. Puvanesan a/l Subenthiran and Mr. Firmansyah Aang Bin Muhamad, both holding 1 (ONE) Ordinary Share of RM1.00 each fully paid up in PRIVAGEN.

PRIVAGEN is currently a dormant company.

2.2 BASIS OF ARRIVING AT THE PURCHASE CONSIDERATION

The purchase consideration of RM2.00 was arrived at on a willing buyer, willing seller basis. There will be no liabilities assumed by the Company pursuant to the Proposed Acquisition.

2.3 FUNDING REQUIREMENTS

The purchase consideration for the Proposed Acquisition will be financed through internally generated funds.

2.4 RATIONALE FOR THE PROPOSED ACQUISITION

PRIVAGEN will be utilised as a vehicle for the Company's investment.

2.5 RISK FACTOR

The Board of Directors is not aware of any specific risk/ risk factors arising from the Proposed Acquisition other than the normal and market risks.

3. FINANCIAL EFFECTS

3.1 EARNINGS

The Proposed Acquisition is not expected to have any material effect on the earnings per share of the Group for the financial year ending 31 December 2014.

3.2 NET ASSETS

The Proposed Acquisition is not expected to have any significant effect on the Net Assets of the Group for the financial year ending 31 December 2014.

3.3 SHARE CAPITAL

The Proposed Acquisition has no effect on the share capital of the Company as it was satisfied entirely by cash generated internally.

4. APPROVAL SOUGHT

The Proposed Acquisition is not subject to neither the approval of the shareholders of the Company nor from any relevant authorities.

5. DIRECTORS AND SUBSTANTIAL/ MAJOR SHAREHOLDERS INTEREST

Mr. Puvanesan a/l Subenthiran is a shareholder of PRIVAGEN and director of the Company. Save for the above, none of the Directors and/or major shareholders of the Company or any person connected to them have any interest, whether direct or indirect, in the Proposed Acquisition. Accordingly, Mr. Puvanesan a/l Subenthiran has abstained from any deliberations and voting at the Board meeting of the Company pertaining to the Proposed Acquisition.

6. PARTICULARS OF LIABILITIES TO BE ASSUMED BY THE PURCHASER

No contingent liabilities will be assumed by the Company arising from the Proposed Acquisition.

7. DEPARTURE FROM THE SECURITIES COMMISSION'S POLICIES AND GUIDELINES ON ISSUE OF SECURITIES

To the knowledge of the Board of Directors of the Company, the Proposed Acquisition has not departed from the Securities Commission's policies and guidelines.

8. DIRECTORS' RECOMMENDATION

The Directors of the Company, having taken in consideration all aspects of the Proposed Acquisition, are the opinion that the Proposed Acquisition is in the best interest of the Company.

9. STATEMENT BY AUDIT AND RISK MANAGEMENT COMMITTEE

The Audit and Risk Management Committee of the Company, having seen and reviewed the procedures implemented in the treatment of the Proposed Acquisition, is satisfied that the procedures are sufficient to ensure that the Proposed Acquisition is conducted at arm' length, fair and reasonable and on normal commercial terms and not to the detriment of minority shareholders.

This announcement is dated 18th September 2014.




GOB - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameGLOBAL ORIENTAL BERHAD  
Stock Name GOB  
Date Announced18 Sept 2014  
CategoryGeneral Announcement
Reference NoGO-140918-44185

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionGLOBAL ORIENTAL BERHAD (“GOB” OR THE “COMPANY”)

(i) PAR VALUE REDUCTION;
(ii) AMENDMENT;
(iii) RIGHTS ISSUE WITH WARRANTS; AND
(iv) ESOS

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those previously defined in our announcements dated 24 February 2014 and 6 May 2014)

We refer to the announcements dated 24 February 2014, 1 April 2014, 16 April 2014, 2 May 2014, 6 May 2014, 7 May 2014, 16 May 2014, 29 May 2014, 13 June 2014, 26 June 2014, 10 July 2014, 30 July 2014, 31 July 2014 and 27 August 2014, 28 August 2014 and 29 August 2014.

The Board of Directors of GOB is pleased to announce that the High Court of Malaya had on 18 September 2014 granted the order confirming the Par Value Reduction. The sealed order will be extracted and an office copy of the order will be lodged with the Companies Commission of Malaysia for the Par Value Reduction to take effect.

The effective date of the Par Value Reduction will be announced in due course.

This announcement is dated 18 September 2014.



MAYBANK - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced18 Sept 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoMB-140918-61665

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal61,100
Issue price per share ($$)MYR 8.750
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units9,147,632,094
CurrencyMYR 9,147,632,094.000
Listing Date22/09/2014

2. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal3,600
Issue price per share ($$)MYR 8.820
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units9,147,635,694
CurrencyMYR 9,147,635,694.000
Listing Date22/09/2014

3. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal1,500
Issue price per share ($$)MYR 9.560
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units9,147,637,194
CurrencyMYR 9,147,637,194.000
Listing Date22/09/2014


MAYBANK - 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 NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced18 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMB-140918-61196

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 incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY
Name & address of registered holder1) EMPLOYEES PROVIDENT FUND BOARD
TINGKAT 19 BANGUNAN KWSP
JALAN RAJA LAUT
50350 KUALA LUMPUR

2) CITIGROUP NOMINEES (TEMPATAN) SDN BHD
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)
Acquired12/09/2014
1,596,400
 

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 change1,134,725,226
Date of notice15/09/2014

Remarks :
1) The notice was received by Maybank Berhad on 18 September 2014.


FABER - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameFABER GROUP BERHAD  
Stock Name FABER  
Date Announced18 Sept 2014  
CategoryGeneral Announcement
Reference NoMM-140918-56443

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionFABER GROUP BERHAD (“FGB”)

I. PROPOSED ACQUISITION BY FGB OF 100% EQUITY INTEREST IN PROJEK PENYELENGGARAAN LEBUHRAYA BERHAD (“PROPEL”) FROM UEM GROUP BERHAD (“UEMG”) FOR A TOTAL CONSIDERATION OF RM500 MILLION TO BE SATISFIED BY A COMBINATION OF CASH PAYMENT OF RM250 MILLION AND THE ISSUANCE OF 125,000,000 NEW ORDINARY SHARES OF RM0.25 EACH IN FGB (“FGB SHARES”) AT THE ISSUE PRICE OF RM2.00 PER FGB SHARE (“PROPOSED ACQUISITION OF PROPEL”);

II. PROPOSED ACQUISITION BY FGB OF 100% EQUITY INTEREST IN OPUS GROUP BERHAD (“OGB”) FROM UEMG FOR A TOTAL CONSIDERATION OF RM651 MILLION TO BE SATISFIED THROUGH THE ISSUANCE OF 325,500,000 NEW FGB SHARES AT THE ISSUE PRICE OF RM2.00 PER FGB SHARE (“PROPOSED ACQUISITION OF OGB”); AND

III. PROPOSED EXEMPTION UNDER PARAGRAPH 16.1 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 FOR UEMG AND PERSONS ACTING IN CONCERT WITH IT FROM THE OBLIGATION TO EXTEND A MANDATORY OFFER ON THE REMAINING FGB SHARES NOT ALREADY HELD BY THEM PURSUANT TO THE PROPOSED ACQUISITION OF PROPEL AND PROPOSED ACQUISITION OF OGB (“PROPOSED EXEMPTION”)

We refer to the announcements dated 5 August 2013, 30 August 2013, 6 September 2013, 18 April 2014, 20 May 2014, 4 June 2014, 11 June 2014, 26 June 2014 and 25 August 2014 in relation to the above matter.

On behalf of FGB, CIMB Investment Bank Berhad wishes to announce that the Securities Commission Malaysia has vide its letter dated 17 September 2014 (which was received today) approved the Proposed Exemption.

This announcement is dated 18 September 2014.



IOICORP - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced18 Sept 2014  
CategoryGeneral Announcement
Reference NoIC-140918-37477

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionVOLUNTARY STRIKING OFF OF SWEE LAM ESTATES (MALAYA) SDN BERHAD, A WHOLLY-OWNED SUBSIDIARY OF IOI CORPORATION BERHAD ("IOI CORP") FROM THE REGISTER OF COMPANIES COMMISSION OF MALAYSIA

The Board of Directors of IOI Corp is pleased to announce that further to the application for voluntary striking-off made by Swee Lam Estates (Malaya) Sdn Berhad (“SLE”), a wholly-owned subsidiary of IOI Corp, SLE had on 18 September 2014 received notification (the "Notice") dated 18 August 2014 from the Companies Commission of Malaysia ("CCM") that at the expiration of 3 months from 18 August 2014, the name of SLE will be struck off from the register of the CCM under Section 308(2) of the Companies Act, 1965. Upon the publication in the Gazette of the Notice, SLE shall be dissolved.

SLE is not in operations since the financial year ended 30 June 2011 and has no intention to carry on its business or operation in the future.

The striking-off of SLE will not have a material effect on the earnings or net assets of the IOI Corp Group for the financial year ending 30 June 2015.

None of the Directors or substantial shareholders of IOI Corp or persons connected to them has any interest, direct or indirect, in the striking-off.

This announcement is dated 18 September 2014.



ECM - Quarterly rpt on consolidated results for the financial period ended 31/7/2014

Announcement Type: Financial Results
Company NameECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name ECM  
Date Announced18 Sept 2014  
CategoryFinancial Results
Reference NoEL-140911-34656

Financial Year End31/01/2015
Quarter2
Quarterly report for the financial period ended31/07/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/07/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/07/2014
31/07/2013
31/07/2014
31/07/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
5,639
5,259
11,667
14,570
2Profit/(loss) before tax
2,580
3,244
5,496
8,984
3Profit/(loss) for the period
2,085
2,946
4,643
7,708
4Profit/(loss) attributable to ordinary equity holders of the parent
2,085
2,946
4,643
7,708
5Basic earnings/(loss) per share (Subunit)
0.78
1.10
1.73
2.20
6Proposed/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 ($$)
1.7200
1.4200

Remarks :
The Group has restated the preceding financial year's results to account for the adoption of MFRS 10 Consolidated Financial Statements. The adoption of MFRS 10 in the third quarter of the preceding financial year ended 31 January 2014 has affected the accounting for the Group's interest in a fund managed by a wholly-owned subsidiary. The fund was not previously consolidated as a subsidiary of the Group.
Definition of Subunit:

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:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


ZELAN - Change in Boardroom (Amended Announcement)

Announcement Type: Change in Boardroom
Company NameZELAN BERHAD  
Stock Name ZELAN  
Date Announced18 Sept 2014  
CategoryChange in Boardroom
Reference NoZZ-140918-35955

Date of change11/09/2014
NameSuhaimi bin Halim
Age58
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Qualifications(i) B.Sc (Hons) Civil Engineering, University of Glasgow, Scotland
(ii) Diploma in Civil Engineering, Universiti Teknologi Malaysia  
Working experience and occupation 2013 - present
Freelance consultant

October 2010 - June 2013
Managing Director, Asset & Facility Management Group of Companies, UEM Group Berhad

August 2001 - September 2010
Managing Director, Opus Group Berhad

May 2000 - July 2002
Managing Director, Expressway Lingkaran Tengah Sdn Bhd

January 1997 - May 2000
Managing Director, Linkedua (Malaysia) Berhad

January 1995 - December 1996
Chief Operating Officer, Kinta Kellas Plc / PLRT Sdn Bhd

September 1988 - December 1994
General Manager, Pengurusan Lebuhraya Berhad

January 1984 - September 1988
Project Manager, GKM Development Sdn Bhd

August 1981 - December 1983
General Manager, Lembaga Kemajuan Pahang Tenggara ("DARA") 
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 issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 

Remarks :
Gender : Male


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