September 25, 2014

Company announcements: OSKVI, DAYA, INARI, ARMADA, BORNOIL, CENTURY, TALIWRK, THETA, RCECAP

OSKVI - Changes in Director's Interest (S135) - Tan Sri Ong Leong Huat @ Wong Joo Hwa

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameOSK VENTURES INTERNATIONAL BERHAD (ACE Market) 
Stock Name OSKVI  
Date Announced25 Sept 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-140924-71512

Information Compiled By KLSE

Particulars of Director

NameTan Sri Ong Leong Huat @ Wong Joo Hwa
Address21, Persiaran Basong, Damansara Heights, 50490 Kuala Lumpur
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
22/09/2014
270,000
0.597 
Acquired
23/09/2014
40,400
0.600 
Acquired
24/09/2014
170,000
0.597 

Circumstances by reason of which change has occurredAcquisition of shares through open market by OSK Equity Holdings Sdn. Bhd.
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)116,276,673 
Indirect/deemed interest (%)59.4 
Date of notice25/09/2014

Remarks :
The indirect interests of Tan Sri Ong Leong Huat @ Wong Joo Hwa are as follows:-

Puan Sri Khor Chai Moi - 1,505,422
(Deemed interested by virtue of his spouse's shareholding in the Company)

Ong Ju Xing - 79,968
Ong Yee Min - 126,948
Ong Yin Suen - 144,457
Ong Ju Yan - 443,869
Ong Yee Ching - 1,060,678
(Deemed interested by virtue of his children's shareholdings in the Company)

OSK Equity Holdings Sdn. Bhd. - 112,451,930
OSK Holdings Berhad - 463,401
(Deemed interested pursuant to Section 6A of the Companies Act, 1965)


DAYA - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameDAYA MATERIALS BERHAD  
Stock Name DAYA  
Date Announced25 Sept 2014  
CategoryGeneral Announcement
Reference NoML-140925-64072

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionDAYA MATERIALS BERHAD (“DMB” OR “COMPANY”)

(I) PROPOSED ACQUISITION OF “SIEM DAYA 1”
(II) PROPOSED ACQUISITION OF “SIEM DAYA 2”
(III) PROPOSED PLACEMENT
(IV) PROPOSED RIGHTS ISSUE
(V) PROPOSED BONDS ISSUE
(VI) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”

Reference is made to the announcement on 22 August 2014 in relation to the Proposals (“Announcement”). For consistency, the abbreviations used throughout this announcement are the same as those previously defined in the Announcement.

 

On behalf of the Board, HLIB wishes to announce that DMB had on 25 September 2014 received an offer letter from Datuk Lim Thean Shiang (“Datuk Lim”) (“Offer”) offering to subscribe for 100,000,000 Placement Shares at RM0.265 per Placement Share, amounting to RM26,500,000 (“Subscription Amount”) (“Proposed Subscription”).

 

The issue price for the Placement Shares of RM0.265 represents a discount of RM0.0278 or 9.49% to the 5-day VWAMP up to and including 24 September 2014 of RM0.2928, being the last trading day of DMB Shares on the Main Market of Bursa Securities prior to the date the Offer.

 

DMB had on 25 September 2014 accepted the Offer (“Acceptance”), subject to the following conditions:

  1. the Company obtaining shareholders’ approval in respect of the Proposed Placement and the Proposed Subscription at an extraordinary general meeting to be convened;

  2. the Company obtaining Bursa Securities’ approval in respect of the Proposed Placement;

  3. the payment of RM2,650,000, being a 10% deposit on the Subscription Amount within 10 market days from the date of the Acceptance, and

  4. the Proposed Subscription is in compliance with all relevant laws and regulations.  

Datuk Lim had on 25 September 2014 confirmed the acceptance to the abovementioned conditions.

 

The placee(s) for the balance of up to 247,204,400 Placement Shares shall be identified at a later stage.

 

This announcement is dated 25 September 2014.



INARI - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameINARI AMERTRON BERHAD  
Stock Name INARI  
Date Announced25 Sept 2014  
CategoryGeneral Announcement
Reference NoOS-140925-62205

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionINARI AMERTRON BERHAD (“INARI” OR THE “COMPANY”)

• PROPOSED RIGHTS ISSUE WITH WARRANTS

 (All abbreviations used in this announcement are defined in the announcement dated 4 July 2014)

 

We refer to the announcement dated 4 July 2014 in relation to the Proposed Rights Issue with Warrants. M&A Securities on behalf of the Board wishes to announce the following:

 

(i)   that the listing application for the Proposed Rights Issue with Warrants has been submitted to Bursa Securities on 25 September 2014; and

 

 (iii) the Company had on even date procured the irrevocable written undertakings by Insas Technology Berhad and Insas Plaza Sdn Bhd to subscribe for at least 21,348,665 Rights Shares.

 

This announcement is dated 25 September 2014.



ARMADA - Changes in Sub. S-hldr's Int. (29B) - Ombak Damai Sdn Bhd ("ODSB")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBUMI ARMADA BERHAD  
Stock Name ARMADA  
Date Announced25 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBA-140925-F8A26

Particulars of substantial Securities Holder

NameOmbak Damai Sdn Bhd ("ODSB")
AddressLevel 8, Menara Perak
No. 24 Jalan Perak
50450 Kuala Lumpur
NRIC/Passport No/Company No.718215-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holderCIMSEC Nominees (Tempatan) Sdn Bhd
17th Floor, Menara CIMB
Jalan Stesen Sentral 2
Kuala Lumpur Sentral
50470 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed19/09/2014
100,000
 
Disposed22/09/2014
50,000
 
Disposed23/09/2014
205,900
 
Disposed24/09/2014
309,000
 

Circumstances by reason of which change has occurredDisposal of 664,900 BAB Shares in aggregate via open market.
Nature of interestDirect interest
Direct (units)209,612,800 
Direct (%)7.15 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change209,612,800
Date of notice24/09/2014

Remarks :
This announcement is based on the information in the Notice of Change in Interests of Substantial Shareholder (Form 29B) dated 24 September 2014 received from ODSB by the Company on 25 September 2014.


BORNOIL - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameBORNEO OIL BERHAD  
Stock Name BORNOIL  
Date Announced25 Sept 2014  
CategoryGeneral Announcement
Reference NoMI-140925-64366

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionBORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY")

I. PAR VALUE REDUCTION VIA THE CANCELLATION OF RM0.90 OF THE PAR VALUE OF EVERY EXISTING ORDINARY SHARE OF RM1.00 EACH IN THE ISSUED AND PAID-UP SHARE CAPITAL OF BORNOIL PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("ACT") ("PAR VALUE REDUCTION");

II. PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BORNOIL AT AN ISSUE PRICE TO BE DETERMINED LATER AFTER THE PAR VALUE REDUCTION ("PRIVATE PLACEMENT");

III. DIVERSIFICATION OF THE EXISTING CORE BUSINESSES OF BORNOIL AND ITS SUBSIDIARY COMPANIES ("BORNOIL GROUP" OR "GROUP") TO INCLUDE MINING AND ITS RELATED ACTIVITIES ("DIVERSIFICATION"); AND

IV. AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF BORNOIL ("AMENDMENTS")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the announcements made by RHB Investment Bank Berhad ("RHBIB"), on behalf of the Board of Directors of Bornoil ("Board"), on 8 May 2014, 16 May 2014, 24 June 2014, 25 July 2014, 22 September 2014 and 24 September 2014.

On behalf of the Board, RHBIB wishes to announce that the Board had on 25 September 2014 resolved to fix the issue price for the Private Placement, comprising 46,248,000 new ordinary shares of RM0.10 each in Bornoil ("Bornoil Share(s)") ("Placement Share(s)") at RM0.56 per Placement Share.

The issue price of RM0.56 per Placement Share represents a discount of approximately 9.37% to the five (5)-day weighted average market price ("WAMP") of Bornoil Shares up to and including 24 September 2014 of RM0.6179 per Bornoil Share. The aforesaid discount has been determined by the Board after taking into consideration the following factor:-

i. The historical price movements of Bornoil Shares. For illustrative purposes only, the historical market prices of Bornoil Shares and the discount of the issue price of RM0.56 per Placement Share to the historical market prices of Bornoil Shares are set out below:-

Share price

(Discount)

RM

%

Five (5)-day WAMP of Bornoil Shares up to and including 24 September 2014

0.6179

(9.37)

One (1)-month WAMP of Bornoil Shares up to and including 24 September 2014

0.6092

(8.08)

Three (3)-month WAMP of Bornoil Shares up to and including 24 September 2014

0.6313

(11.29)

Six (6)-month WAMP of Bornoil Shares up to and including 24 September 2014

0.6387

(12.32)

One (1)-year WAMP of Bornoil Shares up to and including 24 September 2014

0.6191

(9.55)

(Source: Bloomberg)

Based on the above, the issue price of RM0.56 per Placement Share represents discounts of approximately 9.37%, 8.08%, 11.29%, 12.32% and 9.55% to the five (5)-day, one (1)-month, three (3)-month, six (6)-month and one (1)-year WAMP of Bornoil Shares up to and including 24 September 2014, respectively.

This announcement is dated 25 September 2014.



CENTURY - CENTURY - BONUS & SHARE SPLIT ENTITLEMENT

Announcement Type: Listing Circular
Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY  
Date Announced25 Sept 2014  
CategoryListing Circular
Reference NoRN-140924-52163

LISTING'S CIRCULAR NO. L/Q : 71559 OF 2014


    1) Bonus issue of 61,032,148 new ordinary shares of RM1.00 each in Century Logistics Holdings Berhad ("Century") (“Century Share(s)”) (“Bonus Share(s)”) to be credited as fully paid-up on the basis of one (1) Bonus Share for every two (2) existing Century Shares ("Bonus Issue").

    2) Share split involving the subdivision of every one (1) ordinary share of RM1.00 each in Century Logistics Holdings Berhad ("Century") (“Century Share(s)”) (existing and Bonus Shares) into two (2) ordinary shares of RM0.50 each in Century ("Subdivided Share(s)") ("Share Split").


    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - All" ]
    as from : [ 3 October 2014 ]

    2) The last date of lodgement : [ 8 October 2014 ]

    3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

    a) Selling Broker to deduct [1/3] , of the Selling Price against the Selling Client.

    b) Buying Broker to deduct [33.33%] of the Purchase Price against the Buying Client.

    c) Between Broker and Broker, the deduction of [1/3] of the Transacted Price is applicable.

    Remarks :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 9 October 2014 with Bonus issue and Share split of CENTURY shares of RM 0.50 each, any shareholder who is entitled to receive CENTURY Bonus issue and Share split shares, may now sell any or all of his CENTURY shares arising from the Bonus issue and Share split beginning the Ex-Date (3 October 2014 ).

    For example, if Mr X purchases 200 CENTURY shares on cum basis on 2 October 2014, Mr X should receive 200 shares on 8 October 2014014. As a result of the Bonus issue and Share split, a total of 600 CENTURY shares will be credited into Mr X's CDS account on the night of 8 October 2014 being the Book Closing Date. Therefore, Mr X can sell the Bonus issue and Share split shares of 600 on or after the Ex-Date ie from 3 October 2014 onwards."


TALIWRK - OTHERS TALIWORKS CORPORATION BERHAD ("TCB" or "the Company") - DIVIDEND POLICY

Announcement Type: General Announcement
Company NameTALIWORKS CORPORATION BERHAD  
Stock Name TALIWRK  
Date Announced25 Sept 2014  
CategoryGeneral Announcement
Reference NoCK-140923-57987

TypeAnnouncement
SubjectOTHERS
DescriptionTALIWORKS CORPORATION BERHAD ("TCB" or "the Company")
- DIVIDEND POLICY

The Board of Directors of the Company is pleased to announce that it has approved a dividend payout ratio of not less than 75% of its consolidated profit after tax (excluding exceptional items) for the financial year ending 31 December 2015 onwards as a Dividend Policy for the Company. However, such payments will depend upon a number of factors, including amongst others, the earnings, capital commitments, general financial conditions, distributable reserves and other factors to be considered by the Board.

The Group is primarily involved in the treatment, supply and distribution of treated water, toll roads (collectively referred to as “Infrastructure Assets”), management and operation of waste management and construction. Other than the construction segment, all the other businesses of the Group are concession-based.

The existing Infrastructure Assets are mature and under normal circumstances require minimal sustaining capital expenditure and therefore, the Board is proposing to pay as dividends cash generated from these business segments.

However, the Board also notes that currently Sungai Harmoni Sdn Bhd, a main subsidiary which manages and operates the Sungai Selangor Water Treatment Works Phase 1 (“SSP1”) that supplies to large parts of Selangor and Kuala Lumpur, only receives partial payment from its principal pending the final resolution of the on-going water consolidation exercise in Selangor as highlighted in the Company’s Interim Financial Reports and this may impede the ability of the Board to declare, recommend or pay at the above dividend payout ratio.

A copy of the Dividend Policy is attached hereto for reference.

This announcement is dated 25 September 2014.

Attachments

TCB- Dividend Policy 2015.pdf
221 KB



THETA - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameTHETA EDGE BERHAD  
Stock Name THETA  
Date Announced25 Sept 2014  
CategoryGeneral Announcement
Reference NoCP-140925-E8224

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionTHETA EDGE BERHAD ("THETA" OR "THE COMPANY")
SHAH ALAM HIGH COURT SUIT NO. 22NCVC-454-09/2014
IMPIANAS SDN. BHD. versus TENAGA NASIONAL BERHAD

Theta wishes to announce that its wholly-owned subsidiary Impianas Sdn Bhd (“ISB”), has on 17 September 2014 filed a Civil Suit in the High Court of Malaya at Shah Alam against Tenaga Nasional Berhad (“TNB”). The sealed copy of the Writ of Summon has been served on TNB on 25 September 2014.

Further details of the Suit are set out in the attachment below.

This announcement is dated 25 September 2014.

Attachments

SUIT AGAINST TNB.docx
15 KB



RCECAP - 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 NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced25 Sept 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoRC-140923-66734

Date of buy back from15/09/2014
Date of buy back to23/09/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)982,600
Minimum price paid for each share purchased ($$)0.325
Maximum price paid for each share purchased ($$)0.340
Total amount paid for shares purchased ($$)330,687.90
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)982,600
Total number of shares retained in treasury (units)37,549,500
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies25/09/2014
Lodged by RCE Capital Berhad


RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced25 Sept 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140925-62310

Date of buy back25/09/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)330,000
Minimum price paid for each share purchased ($$)0.335
Maximum price paid for each share purchased ($$)0.340
Total consideration paid ($$)111,778.39
Number of shares purchased retained in treasury (units)330,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)37,991,500
Adjusted issued capital after cancellation
(no. of shares) (units)
 
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)3.24


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