Company announcements: MPCORP, AEON, DIGI, CME, HIGHTEC, GSB, FURNWEB, SAMUDRA

MPCORP - MATERIAL LITIGATION

Announcement Type: General Announcement

Company Name	MALAYSIA PACIFIC CORPORATION BERHAD
Stock Name	MPCORP
Date Announced	18 Sept 2014
Category	General Announcement
Reference No	CC-140918-C5693

Type	Announcement
Subject	MATERIAL LITIGATION
Description	KUALA LUMPUR HIGH COURT (“THE COURT”) ORIGINATING SUMMONS NO. 24NCVC-1341-08/2013 (“ORIGINATING SUMMONS”) - WISMA MPL JMB (“JMB” OR “THE PLAINTIFF”) VS MALAYSIA PACIFIC CORPORATION BERHAD (“MPCORP” OR “THE COMPANY” OR “DEFENDANT”)
We refer to the announcements dated 20 August 2013, 22 August 2013, 23 August 2013, 20 September 2013, 24 October 2013, 4 December 2013, 10 January 2014, 25 February 2014, 28 March 2014, 17 April 2014, 20 May 2014, 20 June 2014, 29 August 2014 and 10 September 2014 pertaining to the subject matter. The terms herein shall bear the same meaning as defined in those announcements. The Board of Directors of MPCORP wishes to announce that the Kuala Lumpur High Court has fixed the hearing date on 27 November 2014 for: i) JMB’s Application for Extension of Time for compliance with the Order dated 10 January 2014 (“Extension of Time Application”) against the Company; and ii) the Company’s Application for Stay of Proceeding on the Extension of Time Application. The Company has also filed an Application for Stay of Execution in respect of the Court of Appeal Order dated 19 May 2014 and the hearing date has not been fixed. Further announcement will be made of any material development changes as and when appropriate. This announcement is dated 18 September 2014.

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AEON - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc ("MUFG")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	AEON CO. (M) BHD
Stock Name	AEON
Date Announced	18 Sept 2014
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CC-140918-21798

Particulars of substantial Securities Holder

Name	Mitsubishi UFJ Financial Group, Inc ("MUFG")
Address	7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8330, Japan
NRIC/Passport No/Company No.	NIL
Nationality/Country of incorporation	Japan
Descriptions (Class & nominal value)	Ordinary Shares of RM0.50 each
Name & address of registered holder	Morgan Stanley & Co. International Plc. ("Morgan Stanley") 25 Cabot Square, Canary Wharf, London E14 4QA

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	12/09/2014	4,900

Circumstances by reason of which change has occurred	Sale by Morgan Stanley Group MUFG is deemed interested in the shares by virtue of: 1. MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen Asset Management PLC ("Aberdeen"). 2. MUFG's holding more than 15% interest in shares of Morgan Stanley Group.
Nature of interest	Indirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)	271,045,864
Indirect/deemed interest (%)	19.3053
Total no of securities after change	271,045,864
Date of notice	17/09/2014

Remarks :

The total number of 271,045,864 Ordinary Shares of RM0.50 each are held as follows: (i) 270,929,500 Ordinary Shares of RM0.50 each are registered in the name of Aberdeen and its subsidiaries; and (ii) 116,364 Ordinary Shares of RM0.50 each are registered in the name of Morgan Stanley. The Form 29B was received by the Company on 18 September 2014.

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AEON - 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 Name	AEON CO. (M) BHD
Stock Name	AEON
Date Announced	18 Sept 2014
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CC-140918-669A0

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 RM0.50 each
Name & address of registered holder	Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA) 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	12/09/2014	104,100

Circumstances by reason of which change has occurred	Disposal of Shares
Nature of interest	Direct
Direct (units)	103,920,700
Direct (%)	7.4018
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	103,920,700
Date of notice	15/09/2014

Remarks :

The total number of 103,920,700 Ordinary Shares of RM0.50 each are held as follows: 1) 60,968,600 Ordinary Shares of RM0.50 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board 2) 2,000,000 Ordinary Shares of RM0.50 each are registered in the name of Employees Provident Fund Board 3) 7,490,400 Ordinary Shares of RM0.50 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA) 4) 14,541,500 Ordinary Shares of RM0.50 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (CIMB PRI) 5) 378,500 Ordinary Shares of RM0.50 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON) 6) 18,541,700 Ordinary Shares of RM0.50 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN) The Form 29B was received by the Company on 18 September 2014.

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DIGI - 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 Name	DIGI.COM BERHAD
Stock Name	DIGI
Date Announced	18 Sept 2014
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CC-140918-717CF

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	Incorporated in Malaysia
Descriptions (Class & nominal value)	Ordinary Shares of RM0.01 each
Name & address of registered holder	Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board 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	12/09/2014	1,218,500

Circumstances by reason of which change has occurred	Disposed
Nature of interest	Direct
Direct (units)	1,016,568,040
Direct (%)	13.07
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	1,016,568,040
Date of notice	15/09/2014

Remarks :

The total number of 1,016,568,040 Ordinary Shares of RM0.01 each are held as follows:- 1) 903,054,650 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board; 2) 14,791,000 Ordinary Shares of RM0.01 each are registered in the name of Employees Provident Fund Board; 3) 9,300,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AMUNDI); 4) 870,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB); 5) 7,650,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (HDBS); 6) 1,213,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (RHB INV); 7) 10,287,500 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AM INV); 8) 450,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (MAYBAN); 9) 32,985,790 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA); 10) 26,979,800 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (CIMB PRI); 11) 1,000,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ARIM); 12) 2,306,300 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON); and 13) 5,680,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN). The Form 29B was received by the Company on 18 September 2014.

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CME - MULTIPLE PROPOSALS

Announcement Type: General Announcement

Company Name	CME GROUP BERHAD
Stock Name	CME
Date Announced	18 Sept 2014
Category	General Announcement
Reference No	MM-140917-79496

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	CME GROUP BERHAD (“CME” OR “COMPANY”) (I) PROPOSED DIVERSIFICATION; (II) PROPOSED ACQUISITION OF LAND 1; (III) PROPOSED ACQUISITION OF LAND 2; (IV) PROPOSED RIGHTS ISSUE OF ICULS; (V) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (VI) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the previous announcements in relation to the Proposals, where applicable, unless stated otherwise or defined herein) Reference is made to the announcements dated 9 May 2014, 24 June 2014, 9 July 2014, 4 August 2014, 5 August 2014, 29 August 2014 and 4 September 2014 in relation to the Proposals. On behalf of the Board of Directors of CME, Public Investment Bank Berhad is pleased to announce that the Securities Commission Malaysia (Private Debt Securities) had, vide its letter dated 17 September 2014, which was received on 18 September 2014, approved the proposed issuance of the ICULS pursuant to the Proposed Rights Issue of ICULS under subsection 214(1) of the Capital Markets & Services Act 2007. This announcement is dated 18 September 2014.

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CME - MULTIPLE PROPOSALS

Announcement Type: General Announcement

Company Name	CME GROUP BERHAD
Stock Name	CME
Date Announced	18 Sept 2014
Category	General Announcement
Reference No	MM-140918-55431

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	CME GROUP BERHAD (“CME” OR “COMPANY”) (I) PROPOSED JOINT VENTURE; AND (II) PROPOSED ESOS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the previous announcements in relation to the Proposals, where applicable, unless stated otherwise or defined herein) Reference is made to the announcements dated 12 August 2014, 22 August 2014 and 11 September 2014 in relation to the Proposals. On behalf of the Board of Directors of CME, Public Investment Bank Berhad wishes to inform that CME, CMEPA, Ruark Properties and Central Park had, via an exchange of letter dated 18 September 2014, mutually agreed to extend the date on which CMEPA is to notify Ruark Properties on the feasibility of the joint venture to 31 October 2014 or to a date within two (2) market days after the Company has obtained the approval of its shareholders for the Proposed Joint Venture at the EGM to be convened, whichever is earlier, to enable CMEPA to fulfill the Conditions Precedent as set out in the JVA. This announcement is dated 18 September 2014.

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

Announcement Type: Financial Results

Company Name	KUMPULAN H & L HIGH-TECH BERHAD
Stock Name	HIGHTEC
Date Announced	18 Sept 2014
Category	Financial Results
Reference No	CK-140918-9EC17

Financial Year End	31/10/2014
Quarter	3
Quarterly report for the financial period ended	31/07/2014
The figures	have not been audited

Attachments Kump. H&L - 3rd Qtr Financial Result 2014.pdf 1067 KB

Remarks :

• 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
1	Revenue	5,912	4,106	16,181	13,598
2	Profit/(loss) before tax	1,189	6	2,355	25
3	Profit/(loss) for the period	834	-83	1,838	-267
4	Profit/(loss) attributable to ordinary equity holders of the parent	834	-83	1,838	-267
5	Basic earnings/(loss) per share (Subunit)	2.28	-0.23	5.03	-0.73
6	Proposed/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 ($$)	1.9153		1.9000

Remarks :

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:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

Currency:

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
		$$'000	$$'000	$$'000	$$'000
1	Revenue
2	Profit/(loss) before tax
3	Profit/(loss) for the period
4	Profit/(loss) attributable to ordinary equity holders of the parent
5	Basic earnings/(loss) per share (Subunit)
6	Proposed/Declared dividend per share (Subunit)
		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 ($$)

Remarks :

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:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

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GSB - OTHERS Termination and settlement of the Joint Venture Agreement dated 18 May 2005 between Banda Industries Sdn Bhd, a wholly-owned subsidiary of GSB Group Berhad and Restu Angkasa Sdn Bhd.

Announcement Type: General Announcement

Company Name	GSB GROUP BERHAD
Stock Name	GSB
Date Announced	18 Sept 2014
Category	General Announcement
Reference No	CC-140917-1A5A3

Type	Announcement
Subject	OTHERS
Description	Termination and settlement of the Joint Venture Agreement dated 18 May 2005 between Banda Industries Sdn Bhd, a wholly-owned subsidiary of GSB Group Berhad and Restu Angkasa Sdn Bhd.
The Board of Directors wishes to announce that the wholly-owned subsidiary of GSB Group Berhad, Banda Industries Sdn Bhd had entered into a Termination and Settlement Agreement with Restu Angkasa Sdn Bhd on 18 September 2014 to mutually terminate the Joint Venture Agreement dated 18 May 2005 for a cash settlement sum of Ringgit Malaysia Six Million only (RM6,000,000). Please find attached herewith the details of the termination and settlement of the joint venture agreement for more information.    This announcement is dated 18 September 2014.

Attachments GSB - Termination and Settlement of Joint Venture Agreement.pdf 202 KB

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FURNWEB - Change in Boardroom

Announcement Type: Change in Boardroom

Company Name	FURNIWEB INDUSTRIAL PRODUCTS BERHAD
Stock Name	FURNWEB
Date Announced	18 Sept 2014
Category	Change in Boardroom
Reference No	CC-140905-32923

Date of change	18/09/2014
Name	YEOH SOO ANN
Age	53
Nationality	MALAYSIAN
Type of change	Appointment
Designation	Executive Director
Directorate	Executive
Qualifications	Member of Malaysian Institute of Certified Public Accountants. Member of Malaysian Institute of Accountants.
Working experience and occupation	Mr. Yeoh has worked in various public accounting firms in the United Kingdom and Malaysia for more than 12 years, before moving into the commercial sector. He is currently a Non-Executive Director of GW Plastics Holdings Berhad and sits on the boards of various private limited companies.
Directorship of public companies (if any)	GW Plastics Holdings Berhad
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest of 25,200,000 Ordinary Shares of RM0.50 each and 7,900,000 Warrants in Furniweb Industrial Products Berhad.

Remarks :

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SAMUDRA - KEJURUTERAAN SAMUDRA TIMUR BERHAD- JOINT-VENTURE ON FORMATION OF NEW COMPANY IN MYANMAR

Announcement Type: General Announcement

Company Name	KEJURUTERAAN SAMUDRA TIMUR BERHAD
Stock Name	SAMUDRA
Date Announced	18 Sept 2014
Category	General Announcement
Reference No	CS-140918-61066

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	NM-140917-53843
Subject	KEJURUTERAAN SAMUDRA TIMUR BERHAD - JOINT-VENTURE ON FORMATION OF NEW COMPANY IN MYANMAR
Description	KEJURUTERAAN SAMUDRA TIMUR BERHAD - JOINT-VENTURE ON FORMATION OF NEW COMPANY IN MYANMAR
Query Letter Contents	We refer to your Company's announcement dated 11 September 2014 in respect of the above matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- (1) The eventual issued and paid-up capital of Bholat Samudra Timur Oil Services Co., Ltd ("BSTOSCL"). (2) The source(s) of funds for financing the investment in BSTOSCL, and the breakdown. (3) The effect of the JV on the earnings per share, net assets per share and gearing of Kejuruteraan Samudra Timur Berhad group. (4) Whether the JV is subject to the shareholders' approval and the relevant government authorities and the estimated time frame for submission of the application to the relevant authorities. (5) The salient features of the memorandum of association or joint venture agreement, and the time and place where such documents may be inspected. (6) The highest percentage ratio applicable to the JV pursuant to paragraph 10.02(g) of the Listing Requirements. (7) The rationale for the JV including any benefit which is expected to accrue to Kejuruteraan Samudra Timur Berhad as a result of the JV. (8) A statement by the board of directors, excluding interested directors stating whether the JV is in the best interests of Kejuruteraan Samudra Timur Berhad, and where a director disagrees with such statement, a statement by the director setting out the reasons and the factors taken into consideration in forming that opinion. Please furnish Bursa Securities with your reply via an announcement within one (1) market day from the date hereof. Yours faithfully TAN YEW ENG Vice President, Issuers Listing Division, Regulation TYE/NMA copy to:-General Manager & Head, Market Surveillance Department, Market Oversight Division, Securities Commission (via fax)
[Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as those defined in the announcement dated 11 September 2014 in relation to the Joint-Venture on Formation of New Company in Myanmar (“Announcement”)] We refer to the Announcement and the queries from Bursa Malaysia Securities Berhad (“Bursa Securities”) via its facsimile dated 17 September 2014 in relation to the same (“Bursa Query”). The Board of KSTB wishes to announce the following additional information as required by Bursa Securities pursuant to the Bursa Query: 1) The eventual issued and paid-up capital of Bholat Samudra Timur Oil Services Co., Ltd (“BSTOSCL”). The eventual issued and paid-up capital of BSTOSCL would be Ks 100,000,000 divided into 1,000 shares of Ks. 100,000/- each, which 510 shares will be held by Bholat General Services Co., Ltd.(“BGSC”) (51%) and 490 shares will be held by Samudra Timur Sdn. Bhd. (“STSB”) (49%) respectively. 2) The source(s) of funds for financing the investment in BSTOSCL, and the breakdown. The subscription of the 490 shares of Ks. 100,000/- each were all funded from internal generated fund i.e. from the proceeds raised from the Proposed Disposal of Rig Ikhlas #3 and Proposed Disposal of Rig KST#1 of USD10.50 million (equivalent to approximately RM34.97 million), where RM3,000,000/- of it is allocated to be utilised for the purchase of equipment and tools for its inspection and maintenance services to further expand the scope of services rendered and to enhance its regional growth. The details of the utilisation of proceeds were stated and disclosed under Section 4.1 of the Circular to Shareholders dated 17 February 2014. 3) The effect of the Joint Venture (“JV”) on the earnings per share, net assets per share and gearing of Kejuruteraan Samudra Timur Berhad (“KSTB”) Group. The JV is not expected to have a material effect on the earnings per share, net assets per share and gearing of KSTB Group for the financial year ending 30 June 2015. The JV is expected to contribute positively to the earnings and earnings per share of KSTB Group for the financial year ending 30 June 2016. 4) Whether the JV is subject to the shareholders’ approval and the relevant government authorities and the estimated time frame for submission of the application to the relevant authorities. The JV is not subject to the shareholders’ approval and the relevant government authorities. 5) The salient features of the Memorandum of Association (“M&A”) or JV agreement, and the time and place where such documents may be inspected. The following is the salient features of the M&A of BSTOSCL:- a) The registered office of the Company will be situated in the Union of Myanmar. b) The liability of the members is limited. c) The authorised capital of the Company is Ks. 1,000,000,000/- (Kyats One Thousand Million only) divided into 10,000 shares of Ks. 100,000/- (Kyats One Hundred Thousand Only) each, with power in General Meeting either increase, reduce or alter such capital from time to time in accordance with the regulations of the Company and the legislative provisions for the time being in force in this behalf. d) The objective for which the Company is established are :- i) Provide Inspection services for oilfield services; ii) Provide maintenance services for easing tubing; iii) Provide preasure testing services; iv) Agency business, technical consultants, business consultants, management consultants and advisory services; and v) Business of feasibility study on new projects, projects formulation, project appraisal and project evaluation. e) To borrow money for the benefit of the Company’s business from any person, firm, company, bank or financial organisation in the manner that the Company shall think fit. Provided that the Company shall not exercise any of the above objects whether in the Union of Myanmar or elsewhere, save in so far as it may be entitled so as to do in accordance with the Laws, Orders and Notifications in force from time to time and only subject to such permission and an approval as may be prescribed by the Laws, Order and Notifications of the Union of Myanmar for the time being in force. The copy of the M&A is available for inspection during ordinary business hours at the registered office of KSTB at Suite A-21-12, Level 21, Menara UOA Bangsar, No. 5, Jalan Bangsar Utama 1, 59200 Kuala Lumpur, Wilayah Persekutuan. 6) The highest percentage ratio applicable to the JV pursuant to Paragraph 10.02(g) of the Listing Requirements. For information purposes, the highest percentage ratio applicable for the Joint-Venture on Formation of New Company in Myanmar as announced on 11 September 2014 is 0.74%. 7) The rationale for the JV including any benefit which is expected to accrue to KSTB as a result of the JV. The rationale for the JV is for regional expansion of the Inspection and Maintenance Services of STSB. KSTB had via its Circular to Shareholders dated 17 February 2014 stated that the Group was at the preliminary stage of negotiations and planning with business associates and/or potential joint venture partners in Myanmar and Indonesia to establish workshops and yards in the respective markets for its current Inspection and Maintenance Services under Section 4.1 of the Circular to Shareholders dated 17 February 2014. 8) A statement by the board of directors, excluding interested directors stating whether the JV is in the best interests of KSTB, and where a director disagrees with such statement, a statement by the director setting out the reasons and the factors taken into consideration in forming that opinion. The Board, after having considered the rationale and benefits of the JV, is of the opinion that the JV is in the best interest of KSTB. This announcement is dated 18 September 2014

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