HIAPTEK - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS
| Company Name | HIAP TECK VENTURE BERHAD |
| Stock Name | HIAPTEK |
| Date Announced | 26 Sept 2014 |
| Category | General Announcement |
| Reference No | CC-140926-59210 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | HIAP TECK VENTURE BERHAD ("the Company") - PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE - PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR SHARE BUY-BACK OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY |
The Board of Directors of the Company wishes to announce that the Company proposes to seek the approval of its shareholders for the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature and Proposed Renewal of Shareholders' Mandate for Share Buy-Back of up to 10% of the issued and paid-up share capital of the Company (collectively referred to as "the Proposals") at the forthcoming Eighteenth Annual General Meeting of the Company. A Circular containing the information on the Proposals will be issued to the shareholders in due course. This announcement is dated 26 September 2014. | |
AIRASIA - OTHERS AIRASIA BERHAD (“AIRASIA” OR "THE COMPANY") INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY
| Company Name | AIRASIA BERHAD |
| Stock Name | AIRASIA |
| Date Announced | 26 Sept 2014 |
| Category | General Announcement |
| Reference No | CM-140926-AA680 |
| Type | Announcement |
| Subject | OTHERS |
| Description | AIRASIA BERHAD (“AIRASIA” OR "THE COMPANY") INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY |
AirAsia is pleased to announce that pursuant to the
approval of the license to carry on leasing business in Labuan from the Labuan
Financial Services Authority on 12 September 2014, it has today incorporated a wholly-owned
subsidiary company known as Asia Aviation Capital Limited (Company No.: LL11196)
("AAC"), a private limited company under the Labuan Companies Act
1990 with its registered office situated at Unit Level 11(A), Main Office
Tower, Financial Park Labuan, Jalan Merdeka 897000 FT Labuan Malaysia. The objective of establishing AAC is to provide aircraft leasing services for the AirAsia Group. AAC will own and manage the portfolio of aircraft that is currently leased to AirAsia’s affiliate companies outside of Malaysia namely, Thai AirAsia Co. Ltd, PT Indonesia AirAsia, AirAsia Inc, Zest Airways Inc, AirAsia India Pvt. Ltd. and future affiliates (collectively known as “the Affiliates”). Aircraft owned and operated in Malaysia will however remain with the Company. The principal activities of AAC are:- - Acquiring aircraft and securing financing for these
aircraft; - Providing operating leases to the Affiliates; - Managing the portfolio of aircraft including technical services; and - Remarketing of aircraft leases and/or sale of
aircraft. The initial issued and paid-up share capital of AAC is USD100 comprising 100 ordinary shares of USD1 each and will be raised accordingly to cater for its operational needs. The Directors of AAC presently are Datuk Kamarudin Bin Meranun, Aireen Omar and Rozman Bin Omar. The incorporation of AAC is not expected to have
any immediate effect on the issued and paid-up share capital or substantial
shareholders’ shareholdings of AirAsia. This announcement is dated 26 September 2014. | |
PERWAJA - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
| Company Name | PERWAJA HOLDINGS BERHAD |
| Stock Name | PERWAJA |
| Date Announced | 26 Sept 2014 |
| Category | General Announcement |
| Reference No | OS-140926-50582 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | PERWAJA HOLDINGS BERHAD (“PHB” OR “COMPANY”) DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD |
We refer to our announcements dated 26 November 2013, 27 November 2013, 26 December 2013, 24 January 2014, 26 February 2014, 3 March 2014, 4 March 2014, 27 March 2014, 25 April 2014, 26 May 2014, 26 June 2014, 25 July 2014 and 26 August 2014. On behalf of the Board of Directors of the Company, M&A Securities Sdn Bhd wishes to inform that the Company together with its advisers are currently working towards finalising a debt restructuring scheme to restructure its total indebtedness. In addition, there is no major development on the status of default in payment of principal and interests accrued as at the date of this announcement. Details of the proposed regularisation plan including the proposed debt restructuring scheme shall be announced in due course. This announcement is dated 26 September 2014. | |
KIMLUN - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD
| Company Name | KIMLUN CORPORATION BERHAD |
| Stock Name | KIMLUN |
| Date Announced | 26 Sept 2014 |
| Category | General Announcement |
| Reference No | CK-140926-42138 |
| Type | Announcement | ||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS DURING CLOSED PERIOD | ||||||||||||
| Description | DEALINGS BY DIRECTOR OUTSIDE CLOSED PERIOD PURSUANT TO PARAGRAPH 14.09(a) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD. | ||||||||||||
The Executive Chairman of Kimlun Corporation Berhad ("the Company"), Pang Tin @ Pang Yon Tin, has given notice of his dealings in the securities of the Company outside closed period as follows:-
* Deemed interested pursuant to Section 6A of the Companies Act, 1965
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DSONIC - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | DATASONIC GROUP BERHAD |
| Stock Name | DSONIC |
| Date Announced | 26 Sept 2014 |
| Category | General Announcement |
| Reference No | DG-140926-58255 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | DATASONIC GROUP BERHAD (“DATASONIC”) - SHARE SALE AGREEMENT |
The Board of Directors of Datasonic wishes to announce that Datasonic has on 26 September 2014, entered into a Share Sale Agreement with Ms. Saw Puay Ling for the purpose of acquiring 30,000 ordinary shares of RM1.00 each, representing 30% of the issued and paid-up share capital of Electric Vehicle Automotive (M) Sdn Bhd (Company No. 1087586-H), free from all encumbrances, with all rights, interests and benefits attached thereto for a total purchase consideration of RM30,000.00. Please refer to the attached file for the details of the announcement. This announcement is dated 26 September 2014. | |
PESTECH - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
| Company Name | PESTECH INTERNATIONAL BERHAD |
| Stock Name | PESTECH |
| Date Announced | 26 Sept 2014 |
| Category | General Announcement |
| Reference No | OI-140926-61715 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | PESTECH INTERNATIONAL BERHAD ("PESTECH" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM0.50 EACH IN PESTECH ("PROPOSED PRIVATE PLACEMENT") |
(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcement dated 24 September 2014 in relation to the Proposed Private Placement ("Announcement")) We refer to the Announcement in relation to the Proposed Private Placement. On behalf of the Board of Directors of PESTECH, Bank Islam Malaysia Berhad wishes to clarify that out of the total indicative proceeds to be raised from the Proposed Private Placement of approximately RM26.718 million (based on the indicative issue price of RM3.66 per Placement Share and the issuance of up to 7,300,000 PESTECH Shares), RM26.518 million is expected to be utilised for working capital purposes, i.e. to fund PESTECH Group’s day-to-day operations which may include staff salaries, marketing expenses, purchases of general office supplies and sundry and other operational activities such as project tenders, project execution and project related expenses. The Company is unable to determine the actual breakdown of proceeds for each category of working capital purpose aforementioned at this juncture as the amount will depend on the actual proceeds raised, the quantum of internally generated funds, bank borrowings and placement proceeds available in the Company at any particular point in time and the status of implementation of various projects in hand. This announcement is dated 26 September 2014. | |
CARING - Annual Audited Accounts - 31 May 2014
| Company Name | CARING PHARMACY GROUP BERHAD |
| Stock Name | CARING |
| Date Announced | 26 Sept 2014 |
| Category | PDF Submission |
| Reference No | CM-140926-37059 |
| Subject | Annual Audited Accounts - 31 May 2014 |
PARKSON - Notice of Shares Buy Back - Immediate Announcement
| Company Name | PARKSON HOLDINGS BERHAD |
| Stock Name | PARKSON |
| Date Announced | 26 Sept 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | PH-140926-62981 |
PDZ - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | PDZ HOLDINGS BHD |
| Stock Name | PDZ |
| Date Announced | 26 Sept 2014 |
| Category | General Announcement |
| Reference No | CC-140926-47415 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TERMINATION OF SHARE ACQUISITION AGREEMENT ("SAA") ON THE PROPOSED ACQUISITION BY PDZ HOLDINGS BERHAD (“PDZ” OR THE “COMPANY”) OF 20% EQUITY INTEREST IN EFOGEN SDN BHD COMPRISING 4,000,000 ORDINARY SHARES OF RM1.00 EACH FROM JOHANY BIN JAAFAR, FOR A CASH CONSIDERATION OF RM18,000,000 (“PROPOSED ACQUISITION”) |
PDZ had on 14 May 2014, entered into a conditional share acquisition agreement (“SAA”) with Johany bin Jaafar (“Vendor”) for the proposed acquisition of 20% equity interest in Efogen Sdn Bhd (“ESB”) comprising 4,000,000 ordinary shares of RM1.00 each (“Sale Shares”), for a cash consideration of RM18,000,000 (“Purchase Consideration”). By way of a letter extension executed on 14 July 2014 (“First Letter of Extension”), the parties to the SAA had mutually agreed to extend the time for satisfaction of the conditions for an additional one (1) month, which had expired on 13 August 2014. On 13 August 2014, a second extension letter was executed (“Second Letter of Extension”) where both parties had mutually agreed to extend the time for satisfaction of the conditions for an additional one (1) month, which had expired on 12 September 2014. On 15 September 2014, a third extension letter was executed (“Third Letter of Extension”) where both parties had mutually agreed to extend the time for satisfaction of the conditions for an additional ten (10) days, which had expired on 24 September 2014. Mutual Termination of the SAA With reference to the SAA in respect of the above matter, the Board of Directors of PDZ wishes to inform that the parties have mutually agreed to terminate the SAA and thus, the SAA shall have no further force or effect between the parties with effect from 25 September 2014. | |
YLI - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | YLI HOLDINGS BERHAD |
| Stock Name | YLI |
| Date Announced | 26 Sept 2014 |
| Category | General Announcement |
| Reference No | ML-140926-57699 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | YLI HOLDINGS BERHAD (“YLI” OR THE “COMPANY”) (I) PROPOSED ACQUISITION OF 525,000 ORDINARY SHARES OF RM1.00 EACH IN HALUAN PRISMA SDN BHD (“HPSB”), REPRESENTING 70% EQUITY INTEREST IN HPSB FOR A PURCHASE CONSIDERATION OF RM1,162,598 (“PROPOSED HPSB ACQUISITION”); (II) PROPOSED ACQUISITION OF 2,130,800 ORDINARY SHARES OF RM1.00 EACH IN MRPI PIPES SDN BHD (“MPIPES”), REPRESENTING 70% EQUITY INTEREST IN MPIPES FOR A PURCHASE CONSIDERATION OF RM5,393,877 (“PROPOSED MPIPES ACQUISITION”); AND (III) PROPOSED DIVERSIFICATION OF THE EXISTING CORE BUSINESSES OF YLI AND ITS SUBSIDIARIES TO INCLUDE CONSTRUCTION (“PROPOSED DIVERSIFICATION”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
This announcement should be read in conjunction with the
announcement dated 7 August 2014, 8 August 2014, 18 September 2014 and 22
September 2014 in relation to the Proposals (“Announcements”). All the terms and definitions referred to in this
announcement unless otherwise defined shall carry the same meaning as those in
the Announcements.
On
behalf of the Board, Hong Leong Investment Bank Berhad (“HLIB”) is pleased to announce that Bursa Securities has, vide its
letter dated 25 September 2014, which was received on 26 September 2014, approved
the following:
(i) the listing of and quotation for
1,046,338 HPSB Consideration Shares to be issued as part of the consideration
for the Proposed HPSB Acquisition;
(ii) the listing of and quotation for up to
3,500,000 new YLI Shares to be issued pursuant to the Earn-Out Incentive; and
(iii)
the listing of and quotation for up
to 4,854,489 MPipes Consideration Shares to be issued as part of the
consideration for the Proposed MPipes Acquisition on the Main Market of Bursa
Securities,
subject to the following conditions:
(i) YLI
and HLIB must fully comply with the relevant provisions under the Main Market
Listing Requirements of Bursa Securities pertaining to the implementation of
the Proposals;
(ii) YLI
and HLIB to inform Bursa Securities upon completion of the Proposals;
(iii) YLI
to furnish Bursa Securities with a written confirmation of its compliance with
the terms and conditions of Bursa Securities’ approval once the Proposals are
completed;
(iv) YLI
to furnish Bursa Securities with a certified true copy of the resolution passed
by shareholders at EGM for the Proposals; and (v) Payment of additional listing fees, if any.
In
addition to the Proposed HPSB Acquisition and Proposed MPipes Acquisition, the
Company intends to diversify the existing core businesses of the YLI Group to
include construction, as a result of the Proposed HPSB Acquisition.
The
Proposed HPSB Acquisition will add to the existing business portfolio of the YLI
Group as HPSB’s construction business in waterworks-related projects will
complement YLI’s strategy to diversify its income in order to mitigate YLI
Group’s dependence on its subsisting business of manufacturing and trading of
ductile iron pipes, steel pipes, fittings and waterworks-related products for
the waterworks and sewerage industry.
The
Board envisages that the Proposed HPSB Acquisition should provide the enlarged YLI
Group with alternate streams of revenue and earnings, while the Proposed Diversification
should enable the enlarged YLI Group to participate in the construction
projects. Barring any unforeseen circumstances, the Proposed Acquisitions and
Proposed Diversification are expected to enhance the YLI Group’s long-term
growth prospects and contribute positively to the Group’s future earnings. The
completion of the Proposals will enable the enlarged YLI Group to provide
full-fledged waterworks piping services in the construction industry and
especially in the waterworks-related industry.
The Proposed
Diversification and the Proposed HPSB Acquisition are inter-conditional and are subject to shareholders’ approval in the forthcoming EGM. The Proposed
Diversification is not conditional upon the Proposed MPipes Acquisition.
This
announcement is dated 26 September 2014. | |
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