HYTEXIN - OTHERS Hytex Integrated Berhad (In Liquidation) (“HIB” or “the Company”) - Delay in Submission of the unaudited quarterly report on consolidated results for the first quarter ended 30 June 2014 (“1st Quarterly Results”)
| Company Name | HYTEX INTEGRATED BERHAD |
| Stock Name | HYTEXIN |
| Date Announced | 8 Sept 2014 |
| Category | General Announcement |
| Reference No | CS-140908-41965 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Hytex Integrated Berhad (In Liquidation) (“HIB” or “the Company”) - Delay in Submission of the unaudited quarterly report on consolidated results for the first quarter ended 30 June 2014 (“1st Quarterly Results”) |
Pursuant to Paragraph 9.28(3) of the Main Market Listing Requirements (“Main LR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Company wishes to announce that it is unable to submit its 1st Quarterly Report by 31 August 2014 (“Timeframe”) to Bursa Securities as required under the Paragraph 9.22(1) of the Main LR as the Management is adapting to the new working relationship with the Liquidators in view of the winding-up situation pursuant to the winding-up order granted by the High Court of Malaya at Kuala Lumpur on 19 May 2014 (“Winding-Up Order”). The Company also wishes to inform that it is aware of the provisions contained in Paragraph 9.28(5) of Main LR that, if HIB fails to issue the outstanding 1st Quarterly Results within five (5) market days after the expiring of the Timeframe (the last day of this five (5) market days period is referred to as “Suspension Deadline”), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of HIB. The suspension shall be effected on the next market day after the Suspension Deadline and will be uplifted on the market day following the issuance of the outstanding 1st Quarter Results unless otherwise determined by Bursa Securities. The trading in HIB’s shares, however, has been suspended since 30 May 2014 pursuant to Paragraph 16.02(j) of the Main LR. As for failure to issue its 1st Quarterly Results, the Company’s shares will continue to be suspended pursuant to Paragraph 9.28(5) of the Main LR until further notice. In view of the above, HIB is in the midst of finalising the outstanding 1st Quarter Results and is expecting to submit its 1st Quarterly Results to Bursa Securities by 9 September 2014. This announcement is dated 8 September 2014. | |
HOHUP - OTHERS Ho Hup Construction Company Berhad (“Ho Hup” or “the Company”) - Joint Venture Agreement (“JVA”) between Ho Hup (Myanmar) E&C Co., Ltd (“Ho Hup Myanmar”), a 70%-owned subsidiary of the Company and Zaykabar Company Limited (“Zaykabar”) (hereinafter referred to as the “JV”)
| Company Name | HO HUP CONSTRUCTION COMPANY BHD |
| Stock Name | HOHUP |
| Date Announced | 8 Sept 2014 |
| Category | General Announcement |
| Reference No | CS-140908-65246 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Ho Hup Construction Company Berhad (“Ho Hup” or “the Company”) - Joint Venture Agreement (“JVA”) between Ho Hup (Myanmar) E&C Co., Ltd (“Ho Hup Myanmar”), a 70%-owned subsidiary of the Company and Zaykabar Company Limited (“Zaykabar”) (hereinafter referred to as the “JV”) |
1. INTRODUCTION The Board of Directors of Ho Hup wishes to announce that its 70%-owned subsidiary, Ho Hup Myanmar had on 8 September 2014 entered into a JVA with Zaykabar who is the registered holder and beneficial owner of all that piece of grant hold land in Mingalardon Garden City (hereinafter referred to as “Z Villas 191 Units Land”) of which Zaykabar had agreed to grant the rights to develop the Z Villas 191 Units Land to Ho Hup Myanmar subject to the terms and conditions as stipulated in the JVA. 2. INFORMATION ON THE PARTIES 2.1 Ho Hup Myanmar Ho Hup Myanmar is a company incorporated and registered in Yangon, Myanmar under the Myanmar Companies Act, 1913 on 26 August 2014 and having its registered address at No. 20, Pale Road, Building C, Myayeik Nyo Royal Hotel Compound, Bahan Township, Yangon, Myanmar. The current authorised share capital of Ho Hup Myanmar is USD300,000.00 comprising 300,000 ordinary shares of USD1.00 each of which USD300,000.00 are issued. The 70% of the equity interest of Ho Hup Myanmar is held by Ho Hup Construction Company (L) Ltd., the wholly-owned subsidiary of Ho Hup. The principal business activities of Ho Hup Myanmar are property development and construction. 2.2 Zaykabar Zaykabar is a company incorporated and registered in Yangon, Myanmar under the Myanmar Companies Act, 1913 in 1990 and having its registered address at No. 1 Mingalardon Garden City, Highway No. (3), Mingalardon Township, Yangon, Myanmar. The principal activity of Zaykabar is construction. 3. SALIENT TERMS OF THE JV (a) Zaykabar agrees to grant Ho Hup Myanmar the sole and exclusive right to develop the Z Villas 191 Units Land into residential units in accordance with approved layout plans, which consist of 191 units of villas/bungalows measuring approximately 10,000 square feet each and with a built-up area of approximately 5,000 square feet each and to be divided into three phases (“the Project”). (b) Subject to the receipt of the Requisite Land Consents and Requisite Villas/Bungalows Consents from the Myanmar authorities, Ho Hup Myanmar shall, as soon as practicable, commence physical building works on the Project within one month from obtaining the construction work order. (c) The building works for the first phase shall be completed by Ho Hup Myanmar within two years from the date of the sale and purchase agreements entered into in respect of the sale of the Villas/Bungalows, subject to such extensions of time as may be mutually agreed upon. The construction of the second and third phases shall be commence immediately upon each earlier phase having recorded sales equivalent to more than 50% of the available units of Villas/Bungalows of that particular phases. The Project shall be deemed completed on the date that the Completion Certificate is issued by the architect of Ho Hup Myanmar in respect of the Project or all the Villas/Bungalows (Completion Date). (d) In consideration of the grant of the exclusive right to develop the Z Villas 191 Units Land by Zaykabar to Ho Hup Myanmar, Zaykabar’s entitlement is a sum of cash equivalent to the aggregate of the land cost which is pegged at USD40 per square foot and Zaykabar shall have 60% of the total net profit of the Project (“Zaykabar Entitlement”). (e) The land cost shall be paid progressively by Ho Hup Myanmar to Zaykabar on a quarterly basis based on collection from purchasers in accordance with progressive billing schedule. The first payment shall commence on the last day of the relevant quarter which is at least three months from the date of official launch of sales of Villas/Bungalows. Zaykabar’s net profit sharing (60% of the total net profit of the Project) shall be paid by Ho Hup Myanmar to Zaykabar within 30 days following the determination of the actual net profit and the issuance of the final accounts for the relevant phase. 4. RATIONAL OF THE JV The Project represents Ho Hup’s maiden project in Myanmar. Ho Hup’s main role is to provide technical expertise in design, construction and project management and does not invest in the development land which is owned by Zaykabar. Ho Hup will take the opportunity to scout for other projects in Myanmar whilst building up its local presence. 5. SOURCE OF FINANCING The Project will be funded via internal generated funds and bank financing. 6. EFFECTS OF THE JOINT DEVELOPMENT a) Share Capital The JV will not have any effect on issued and paid-up share capital of the Company. b) Shareholding Structure The JV will have any effect on the substantial shareholders’ shareholdings of Ho Hup and its subsidiary companies. c) Net Asset (“NA”) and Gearing The JV will not have any material effect on the NA and gearing of Ho Hup Group. d) Earnings The JV will enhance future earnings of Ho Hup Group through the net profit sharing of Ho Hup Myanmar in the JV. 7. RISK FACTORS Save for general economic risk, currency risks and risks commonly associated with investment in an oversea joint venture, the Board is not aware of other significant risk factors involved in relation to the JV. 8. PROSPECTS TO HO HUP GROUP ARISING FROM THE JV Zaykabar is a large and established conglomerate in Myanmar that developed the Royal Mingalardon Golf and Country Club (a 280 acres golf course) and the Mingalardon Garden City project in Yangon. The Project is expected to contribute positively to the future earnings of the Company. 9. LIABILITIES TO BE ASSUMED There is no liability to be assumed by Ho Hup arising from the JV. 10. APPROVAL REQUIRED The JV is not subject to the approval of the shareholders of the Company or any other relevant authorities but if required, approvals of the relevant authorities for the Project will be obtained. 11. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the Directors, major shareholders of Ho Hup and/or persons connected to them have any interest, direct or indirect, in the JV. 12. DIRECTORS’ STATEMENT Having considered all aspects of the JV, the Board of Ho Hup is of the opinion that the JV is fair, reasonable and in the best interest of the Ho Hup Group. 13. DOCUMENTS AVAILABLE FOR INSPECTION The JVA is available for inspection at the registered office of the Company at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur during the normal business hours from Monday to Friday (except public holidays) for period of three (3) months from the date of this announcement. This announcement is dated 8 September 2014. | |
WPRTS - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | WESTPORTS HOLDINGS BERHAD |
| Stock Name | WPRTS |
| Date Announced | 8 Sept 2014 |
| Category | General Announcement |
| Reference No | CC-140908-45625 |
| Type | Announcement | ||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||||
| Description | Pursuant to Paragraph 14.09(a) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has notified on the change of his interest in the securities of the Company as set out in the table below:- | ||||||||||||||||||||
Note:- (1) Deemed interested in shares held by his spouse in the Company pursuant to Section 134(12)(c) of the Companies Act, 1965. | |||||||||||||||||||||
DIALOG - OTHERS OFFER OF OPTIONS UNDER THE EXISTING EMPLOYEES' SHARE OPTION SCHEME
| Company Name | DIALOG GROUP BERHAD |
| Stock Name | DIALOG |
| Date Announced | 8 Sept 2014 |
| Category | General Announcement |
| Reference No | DG-140908-1262A |
| Type | Announcement | ||||||||||||||
| Subject | OTHERS | ||||||||||||||
| Description | OFFER OF OPTIONS UNDER THE EXISTING EMPLOYEES' SHARE OPTION SCHEME | ||||||||||||||
Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Dialog Group Berhad ("DIALOG" or "Company") wishes to announce the details of the offer of ordinary shares of RM0.10 each of the Company under the existing Employees' Share Option Scheme ("ESOS") to the employees and executive directors of DIALOG Group as follows:-
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DIALOG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | DIALOG GROUP BERHAD |
| Stock Name | DIALOG |
| Date Announced | 8 Sept 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | DG-140908-439C2 |
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 RM0.10 each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd 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 | 03/09/2014 | 2,487,000 |
| Remarks : |
| Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 1,487,000 shares) - 398,324,216 shares Employees Provident Fund Board - 3,024,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB)- 4,203,468 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS)(Disposed 1,000,000 shares) - 18,320,134 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 20,954,972 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 14,016,640 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) - 41,140,154 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - 3,200,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AMUNDI) - 12,748,800 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (RHB INV) - 4,000,000 shares Total No. of shares - 519,932,384 shares |
GUNUNG - Changes in Sub. S-hldr's Int. (29B) - OOI HOCK LAI
| Company Name | GUNUNG CAPITAL BERHAD |
| Stock Name | GUNUNG |
| Date Announced | 8 Sept 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CG-140908-5C0C0 |
Particulars of substantial Securities Holder
| Name | OOI HOCK LAI |
| Address | NO. 10 JALAN SERI PETALING 3 TAMAN SERI PETALING, 57000 KUALA LUMPUR |
| NRIC/Passport No/Company No. | 530614-08-5853 |
| Nationality/Country of incorporation | MALAYSIAN |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF RM0.40 EACH |
| Name & address of registered holder | 1) Alliance Group Nominees (Tempatan) Sdn Bhd (Pledged Securities : Ooi Hock Lai) 17th Floor, Menara Multi-Purpose, Capital Square No. 8 Jalan Munshi Abdullah, 50100 Kuala Lumpur 4,000,000 ordinary shares 2) Public Nominees (Tempatan) Sdn Bhd (Pledged Securities : Ooi Hock Lai) P.O.Box 11167, 50738 Kuala Lumpur 3,281,000 ordinary shares 3) Alliance Group Nominees (Tempatan) Sdn Bhd (Pledged Securities : Ooi Hock Lai) 17th Floor, Menara Multi-Purpose, Capital Square No. 8 Jalan Munshi Abdullah, 50100 Kuala Lumpur 725,000 ordinary shares 4) RHB Capital Nominees (Tempatan) Sdn Bhd (Pledged Securities : Ooi Hock Lai) 10th Floor, Plaza OSK, Jalan Ampng 50450 Kuala Lumpur 3,200,000 ordinary shares 4) Ooi Hock Lai No. 10 Jalan Seri Petaling 3 Taman Seri Petaling, 57000 Kuala Lumpur 866,000 ordinary shares |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 04/09/2014 | 55,000 | |
| Acquired | 05/09/2014 | 12,000 |
ECOWLD - OTHERS ECO WORLD DEVELOPMENT GROUP BERHAD (FORMERLY KNOWN AS FOCAL AIMS HOLDINGS BERHAD) (“EW BERHAD” OR “COMPANY”) - OFFER FOR THE ACQUISITION OF PROPERTY ON A PIECE OF LAND MEASURING 4,788 SQUARE METRES (APPROXIMATELY 1.18 ACRES) LOCATED AT 76-82 & 100 CHURCH STREET, PARRAMATTA, NEW SOUTH WALES 2150, AUSTRALIA
| Company Name | ECO WORLD DEVELOPMENT GROUP BERHAD |
| Stock Name | ECOWLD |
| Date Announced | 8 Sept 2014 |
| Category | General Announcement |
| Reference No | CS-140908-60000 |
| Type | Announcement |
| Subject | OTHERS |
| Description | ECO WORLD DEVELOPMENT GROUP BERHAD (FORMERLY KNOWN AS FOCAL AIMS HOLDINGS BERHAD) (“EW BERHAD” OR “COMPANY”) - OFFER FOR THE ACQUISITION OF PROPERTY ON A PIECE OF LAND MEASURING 4,788 SQUARE METRES (APPROXIMATELY 1.18 ACRES) LOCATED AT 76-82 & 100 CHURCH STREET, PARRAMATTA, NEW SOUTH WALES 2150, AUSTRALIA |
(All capitalized terms herein shall have the same meanings as the definitions contained in EW Berhad’s announcement dated 9 May 2014.)
We refer to the announcements dated 9 May 2014 and 6 June 2014.
The Board wishes to announce that EW Berhad and EW Sdn Bhd had, on 8 September 2014, mutually agreed to further extend the acceptance of the Offer for a period of two (2) months from 9 September 2014 until 8 November 2014.
Since Tan Sri Dato' Sri Liew Kee Sin joined the Board on 5 May 2014 as a Non-Independent Non-Executive Director, the Board has been considering several other interesting proposals which are also in line with the Company’s long-term overseas expansion plans. EW Sdn Bhd has agreed to grant a further extension of time to allow the Board (other than the Interested Directors and Other Directors) additional time to deliberate on the Offer holistically with other potential international opportunities and also to determine the appropriate shareholding and funding structures through which the Company may undertake such ventures.
A detailed announcement in relation to the Offer will be made once the Board (other than the Interested and Other Directors) has made a decision on the Offer having regard to the other opportunities the Board is currently evaluating on the international front.
This announcement is dated 8 September 2014.
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KKB - OTHERS Announcement on Letter of Award
| Company Name | KKB ENGINEERING BERHAD |
| Stock Name | KKB |
| Date Announced | 8 Sept 2014 |
| Category | General Announcement |
| Reference No | CC-140908-55523 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Announcement on Letter of Award |
The Board of Directors (“the Board’) of KKB Engineering Berhad (“KKB”) wishes to announce that its associate company, OceanMight Sdn Bhd has received a Letter of Award from 2H Offshore Engineering Sdn Bhd for the Provision of Fabrication, Hook-Up and Commissioning Services for Tanjong Baram Wellhead Platform (Contract No.: EQ/TB/2014/004). Contract sum is worth approximately Ringgit Malaysia Fourteen Million and Five Hundred Thousand only (RM14.5 Million). The commencement period will be in September 2014, and scheduled fabrication completion is within March 2015 . The said Letter of Award is subject to formal contract to be entered into between both parties.Save as disclosed above, none of the Directors or major shareholders of KKB or persons connected with them has any interest, direct or indirect, in the abovementioned award. The Board is of the opinion that the abovementioned award is in the best interest of KKB and its group of companies. This
announcement is dated
8 September 2014. | |
PRESTAR - Changes in Director's Interest (S135) - Toh Yew Kar
| Company Name | PRESTAR RESOURCES BERHAD |
| Stock Name | PRESTAR |
| Date Announced | 8 Sept 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CS-140905-180BF |
Information Compiled By KLSE
Particulars of Director
| Name | Toh Yew Kar |
| Address | Lot 17494, 8 1/2 Mile Jalan Ipoh 68100 Selangor Darul Ehsan |
| Descriptions(Class & nominal value) | Ordinary shares of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 107,400 | 0.586 | |
Acquired | 47,800 | 0.590 |
| Circumstances by reason of which change has occurred | Acquisition of shares by Y. K. Toh Property Sdn. Bhd. |
| Nature of interest | Indirect interest |
| Consideration (if any) | RM91,166.32 |
Total no of securities after change | |
| Direct (units) | 2,472,276 |
| Direct (%) | 1.36 |
| Indirect/deemed interest (units) | 63,308,200 |
| Indirect/deemed interest (%) | 34.79 |
| Date of notice | 08/09/2014 |
| Remarks : |
| Balance of Shares: Direct Interest: Toh Yew Kar - 2,472,276 ordinary shares Indirect Interest: Fabulous Essence Sdn. Bhd. - 50,610,000 ordinary shares Y. K. Toh Property Sdn. Bhd. - 12,698,200 ordinary shares The acquisition of 155,200 ordinary shares by Y. K. Toh Property Sdn. Bhd. represents 0.09% of the total issued and paid-up share capital of the Company. This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. |
PRESTAR - Changes in Director's Interest (S135) - Dato' Toh Yew Peng
| Company Name | PRESTAR RESOURCES BERHAD |
| Stock Name | PRESTAR |
| Date Announced | 8 Sept 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CS-140905-1234F |
Information Compiled By KLSE
Particulars of Director
| Name | Dato' Toh Yew Peng |
| Address | Lot 17494, 8 1/2 Miles Jalan Ipoh 68100 Selangor Darul Ehsan |
| Descriptions(Class & nominal value) | Ordinary shares of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 107,400 | 0.586 | |
Acquired | 47,800 | 0.590 |
| Circumstances by reason of which change has occurred | Acquisition of shares by Y. K. Toh Property Sdn. Bhd. |
| Nature of interest | Indirect interest |
| Consideration (if any) | RM91,166.32 |
Total no of securities after change | |
| Direct (units) | 5,417,896 |
| Direct (%) | 2.98 |
| Indirect/deemed interest (units) | 63,336,200 |
| Indirect/deemed interest (%) | 34.8 |
| Date of notice | 08/09/2014 |
| Remarks : |
| Balance of Shares: Direct Interest: Dato' Toh Yew Peng - 5,417,896 ordinary shares Indirect Interest: Fabulous Essence Sdn. Bhd. - 50,610,000 ordinary shares Y. K. Toh Property Sdn. Bhd. - 12,698,200 ordinary shares Alan Toh Jin Joo - 28,000 ordinary shares The acquisition of 155,200 ordinary shares by Y. K. Toh Property Sdn. Bhd. represents 0.09% of the total issued and paid-up share capital of the Company. This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. |
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