September 17, 2014

Company announcements: VINTAGE, HAIO, GUNUNG, SPSETIA, BONIA

VINTAGE - Rights Issue

Announcement Type: Entitlements (Notice of Book Closure)
Company NameVTI VINTAGE BERHAD  
Stock Name VINTAGE  
Date Announced17 Sept 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoML-140917-38090

EX-date29/09/2014
Entitlement date01/10/2014
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRenounceable rights issue of 36,497,200 new ordinary shares of RM0.50 each in ML Global Berhad (formerly known as VTI Vintage Berhad) ("ML Global") ("Rights Shares") at an issue price of RM0.50 per Rights Share on the basis of 1 Rights Share for every 1 existing ordinary share of RM0.50 each in ML Global held as at 5.00 p.m. on 1 October 2014 ("Entitlement Date"), together with 18,248,600 free detachable warrants ("Warrants") on the basis of 1 Warrant for every 2 Rights Shares subscribed ("Rights Issue with Warrants")
Period of interest payment to
Financial Year End
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noTricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra
59200 Kuala Lumpur

Tel no: (603) 2264 3883
Fax no: (603) 2282 1886
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers01/10/2014 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)36497200 
Entitlement indicatorRatio
Ratio 1 : 1
Rights Issues/Offer Price 0.5

Remarks :
The Abridged Prospectus together with the Rights Subscription Form and the Notice of Provisional Allotment (collectively referred to as "Documents") relating to the Rights Issue with Warrants will only be despatched to the shareholders of ML Global who have a registered address in Malaysia and whose names appear in ML Global's Record of Depositors at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders"). The Documents will not be despatched to Entitled Shareholders who have not provided a registered address in Malaysia for the service of the Documents. The Entitled Shareholders who are without a registered address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address prior to 1 October 2014.

The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue and the Documents comply with the laws of any countries or jurisdictions other than Malaysia.

The Documents will be despatched to the Entitled Shareholders not later than 2 market days from the Entitlement Date.

This announcement is dated 17 September 2014.


VINTAGE - Important Relevant Dates for Renounceable Rights

Announcement Type: Important Relevant Dates for Renounceable Rights
Company NameVTI VINTAGE BERHAD  
Stock Name VINTAGE  
Date Announced17 Sept 2014  
CategoryImportant Relevant Dates for Renounceable Rights
Reference NoML-140917-39263

Title / DescriptionRenounceable rights issue of 36,497,200 new ordinary shares of RM0.50 each in ML Global Berhad (formerly known as VTI Vintage Berhad) ("ML Global") ("Rights Shares") at an issue price of RM0.50 per Rights Share on the basis of 1 Rights Share for every 1 existing ordinary share of RM0.50 each in ML Global held as at 5.00 p.m. on 1 October 2014 ("Entitlement Date"), together with 18,248,600 free detachable warrants ("Warrants") on the basis of 1 Warrant for every 2 Rights Shares subscribed ("Rights Issue with Warrants")
Despatch Date03/10/2014
Date for commencement of trading of the rights02/10/2014
Date for despatch of abridged prospectus and subscription forms03/10/2014
Date for cessation of trading of the rights10/10/2014
Date for announcement of final subscription result and basis of allotment of excess Rights Securities27/10/2014
Listing date of the Rights Securities31/10/2014

Last date and time forDateTime
Sale of provisional allotment of rights09/10/2014
at
05:00:00 PM
Transfer of provisional allotment of rights14/10/2014
at
04:00:00 PM
Acceptance and payment17/10/2014
at
05:00:00 PM
Excess share application and payment17/10/2014
at
05:00:00 PM

Rights Securities will be listed and quoted as the existing securities of the same class:
Yes 
Other important dates as the listed issuer may deem appropriate:
 

Remarks :
The last date and time for acceptance and payment of the Rights Issue with Warrants as well as the last date and time for excess Rights Shares application and payment is at 5.00 p.m. on 17 October 2014 or such later date and time as the Board of Directors of ML Global may decide in its absolute discretion and announce not less than 2 market days before the stipulated date and time.

The Abridged Prospectus, together with the Rights Subscription Form and the Notice of Provisional Allotment (collectively referred to as "Documents") relating to the Rights Issue will only be despatched to the shareholders of ML Global who have a registered address in Malaysia and whose names appear in ML Global's Record of Depositors at 5.00 p.m. on the Entitlement Date ("Entitled Shareholders"). The Documents will be despatched to Entitled Shareholders who are without a registered address in Malaysia and wish to provide a Malaysian address should inform their respective stockbrokers to effect the change of address prior to the Entitlement Date.

The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue with Warrants and the Documents comply with the laws of any countries or jurisdictions other than Malaysia.

The Documents will be despatched to the Entitled Shareholders not later than 2 market days from the Entitlement Date.

This announcement is dated 17 September 2014.


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

Announcement Type: General Announcement
Company NameVTI VINTAGE BERHAD  
Stock Name VINTAGE  
Date Announced17 Sept 2014  
CategoryGeneral Announcement
Reference NoCC-140917-63558

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionML GLOBAL BERHAD (formerly known as VTI Vintage Berhad) (“ML Global” or “the Company”)
- Proposed Disposal of Land by Vintage Tiles Industries (EM) Sdn Bhd, a Wholly-Owned Subsidiary of VVB for a Cash Consideration of RM2,150,000.00 (“Proposed Disposal”)

Reference is made to the Company’s announcements made on 7 January 2011, 12 January 2011, 9 June 2011, 24 June 2011, 12 August 2014 and Circular to Shareholders dated 2 June 2011 (“Circular”).

 

The Board of Directors of ML Global (“Board”) wishes to announce that the Company had on 17 September 2014 accepted the letter of offers from AmBank (M) Berhad (“AmBank”) and AmIslamic Bank Berhad (“AmIslamic”) dated 17 September 2014 (“Letters”) for the restructuring of the outstanding bank borrowings due to AmBank and AmIslamic respectively subject to the relevant terms and conditions as stipulated in the Letters.

 

This announcement is dated 17 September 2014.

 

 



HAIO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHAI-O ENTERPRISE BERHAD  
Stock Name HAIO  
Date Announced17 Sept 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCP-140917-2C215

Date of buy back17/09/2014
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)3,500
Minimum price paid for each share purchased ($$)2.700
Maximum price paid for each share purchased ($$)2.700
Total consideration paid ($$)9,503.00
Number of shares purchased retained in treasury (units)3,500
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)6,681,788
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 (%)3.3


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

Announcement Type: General Announcement
Company NameGUNUNG CAPITAL BERHAD  
Stock Name GUNUNG  
Date Announced17 Sept 2014  
CategoryGeneral Announcement
Reference NoCG-140917-63099

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionGunung Capital Berhad ("Gunung" or "the Company") Signing of two (2) Renewable Energy Power Purchase Agreements ("REPPA") between its 70%-owned subsidiary Gunung Hydropower Sdn Bhd and Tenaga Nasional Berhad ("TNB").

Further to our announcements dated 3 September 2012, 6 September 2012 and 25 September 2012, 5 April 2013, and 20 May 2014, in relation to the proposed joint venture with Perak Hydro Renewable Energy Corporation Sdn Bhd (“PHREC”) to jointly carry out the development of selected small hydropower plants in the State of Perak, on a Build Operate and Own concept, and under the Sustainable Energy Development Authority Feed-In-Tariff (“FiT”) Programme, the Board of Directors of the Company wishes to announce that on 17th September 2014, its 70%-owned subsidiary Gunung Hydropower Sdn Bhd (“GHSB”), has received, two (2) duly executed Renewable Energy Power Purchase Agreements (“REPPA”) from Tenaga Nasional Berhad (“TNB”).

REPPA’s have been executed for GHSB’s 10 MW installed capacity small hydropower site at Pulau Tengah, Chenderoh, Sungai Perak, and for GHSB’s 10MW installed capacity small hydropower site at Pulau Temelong, Temelong, Sungai Perak.

Both REPPA’s are for a FiT concession period of 21 years for electricity generated from GHSB’s small hydropower sites at a feed-in tariff rate of 24 sen per kilowatt hour. The feed-in tariff commence date of the FiT concession period is 29 December 2016.

The signing of the REPPA’s with TNB is expected to have a positive effect on the earnings of Gunung for the financial year ending 31 December 2017 (after the commencement of the Fit concession period), and have no effect on the share capital and substantial shareholders’ shareholdings in Gunung.

This announcement is dated 17 September 2014.


SPSETIA - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced17 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-140917-7392E

Particulars of substantial Securities Holder

NameKUMPULAN WANG PERSARAAN (DIPERBADANKAN)
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary - RM0.75 per share
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/09/2014
121,000
 

Circumstances by reason of which change has occurredAcquisition of Shares in Open Market by KWAP.
Nature of interestDirect and Indirect
Direct (units)213,172,189 
Direct (%)8.44 
Indirect/deemed interest (units)9,642,151 
Indirect/deemed interest (%)0.38 
Total no of securities after change222,814,340
Date of notice17/09/2014

Remarks :
Form 29B received on 17/09/2014


SPSETIA - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced17 Sept 2014  
CategoryChange in Boardroom
Reference NoSP-140917-37631

Date of change17/09/2014
NameDato' Ahmad Pardas Bin Senin
Age61
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Qualifications(1) Fellow of the Chartered Institute of Management Accountants
(2) Member of the Malaysian Institute of Accountants
(3) Member of the Institute of Internal Auditors Inc.  
Working experience and occupation Dato’ Ahmad Pardas Bin Senin had a 40-year experience in the corporate sector, including more than 20 years at board level. He retired as the Managing Director and Chief Executive Officer of UEM Group Berhad in June 2009, after having served the UEM Group for more than 17 years since 1992. During his tenure at UEM Group, he had held various key positions including as Managing Director of UEM World Berhad, Renong Berhad, TIME Engineering Berhad, TIME dotCom Berhad, EPE Power Corporation Berhad, and had also served as Director & CEO of Silterra Malaysia Sdn Bhd. He was also Deputy Chairman of PLUS Expressways Berhad, UEM Land Holdings Berhad, UEM Builders Berhad and Costain Group plc., as well as a board member of Faber Group Berhad, Pharmaniaga Berhad, Opus Group Berhad, UEM Environment Sdn Bhd, The Malaysian Industry-Government Group for High Technology and Universiti Teknologi MARA.

Prior to UEM Group, he worked for the British American Tobacco (BAT) Group for more than 17 years, including a 3-year stint at their London office. His last position in BAT Group was as the Financial Controller of Malaysian Tobacco Company Berhad.

Dato’ Ahmad Pardas is currently the Chairman of Malaysian Directors Academy, Desaru Development Corporation Sdn Bhd and Desaru Development Holdings One Sdn Bhd.

He is also a member of the Board of Destination Resorts and Hotels Sdn Bhd, Sime Darby Industrial Holdings Sdn Bhd, Sime Darby Energy Sdn Bhd, Silterra Malaysia Sdn Bhd and Universiti Malaysia Kelantan. 
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 issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 

Remarks :
Gender : Male


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

Announcement Type: General Announcement
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced17 Sept 2014  
CategoryGeneral Announcement
Reference NoSP-140917-43196

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionACQUISITION OF WHOLLY-OWNED SUBSIDIARY – KL EAST SDN BHD

1.0 INTRODUCTION

The Board of Directors of S P Setia Berhad (“S P Setia”) wishes to announce that S P Setia had on 17 September 2014 acquired the entire issued and paid-up capital of KL East Sdn Bhd (Company No. 860589-P) (“KL East”) comprising of two (2) ordinary shares of RM1.00 each for cash consideration of RM2.00 (“Acquisition”).

2.0 INFORMATION ON KL EAST

2.1 KL East was incorporated in Malaysia under the Companies Act, 1965 on 12 June 2009 as a private limited company under the name of Aspen Bridge Sdn Bhd. KL East assumed its present name on 15 January 2010. Since its incorporation and up to the present date, KL East is a dormant company.

2.2 As at 17 September 2014, the authorised share capital is RM100,000 comprising 100,000 ordinary shares of RM1.00 each of which two (2) shares have been issued and fully paid up (“Sale Shares”). The directors and shareholders of KL East are as follows:

(i) Directors

(a) Dato’ Voon Tin Yow (“DVTY”); and

(b) Dato’ Khor Chap Jen (“DKCJ”)

(ii) Shareholders

No.

Name of Shareholder

No. of Ordinary Share of RM1.00 each

1.

DVTY

1

2.

Dato’ Teow Leong Seng (“DTLS”)*

1

* DTLS is a former director of S P Setia who has resigned on 15 June 2014

The Sale Shares were acquired equally from DVTY and DTLS.

3.0 EFFECTS OF THE ACQUISITION

The Acquisition does not have any effect on the issued and paid up share capital and major shareholdings structure of S P Setia and does not have a material effect on the net assets and earnings of S P Setia Group.

4.0 DIRECTORS AND MAJOR SHAREHOLDERS’ INTEREST

DVTY and DKCJ being Directors of S P Setia who are deemed interested in the Acquisition have abstained themselves from Board deliberation and voting on the resolution approving the Acquisition. Save as disclosed, none of the other Directors, Major Shareholders and/or persons connected to them have any interest, direct or indirect, in the Acquisition.

5.0 APPROVALS REQUIRED

The Acquisition is not subject to the approval of the shareholders of S P Setia.

6.0 AUDIT COMMITTEE’S STATEMENT

The Audit Committee of S P Setia, having considered all aspect of the Acquisition, is of the view that the Acquisition is fair, reasonable and on normal commercial terms, in the best interest of the Company, and not detrimental to the interest of the minority shareholders.

7.0 DIRECTORS’ STATEMENT

Having considered all aspects of the Acquisition, the Board of Directors of S P Setia is of the opinion that the Acquisition is in the best interest of S P Setia.

This announcement is dated 17 September 2014.



SPSETIA - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced17 Sept 2014  
CategoryChange in Boardroom
Reference NoSP-140917-47000

Date of change01/01/2015
NameDATO' KHOR CHAP JEN
Age54
NationalityMalaysian
Type of changeRedesignation
Previous PositionDeputy President
New PositionPresident & Chief Exec. Officer
DirectorateExecutive
QualificationsBachelor of Engineering (Hons) (University of Malaya)
Fellow of the Institution of Engineers, Malaysia
Professional Engineer registered with the Board of Engineers, Malaysia 
Working experience and occupation Dato’ Khor Chap Jen is currently the Acting Deputy President of S P Setia Berhad. Prior to his appointment as the Acting Deputy President on 1 May 2014, he was the Executive Vice-President of the S P Setia Berhad Group of Companies. He oversees the northern and central region of the Property Divisions as well as the Construction Division of the Group. He also oversees the Group’s overseas subsidiaries in Australia and Vietnam.

Dato’ Khor joined the S P Setia Berhad Group in 1995 and was previously the General Manager of the Property Division prior to being seconded to Setia Putrajaya Sdn Bhd as the Deputy Chief Executive Officer. His secondment to this Joint-Venture company from year 1997 to 2000 was to lead the team in the development of the Government’s New Administrative Centre in Putrajaya. During his stint there, he played a prominent role in the successful completion of the prestigious Prime Minister’s Office Complex and the Prime Minister’s Official Residence. He has also successfully delivered over 5000 apartment units to house the civil servants in Putrajaya.

Prior to joining the S P Setia Berhad Group, Dato’ Khor was the Associate Director for Jurutera Perunding Kemajuan Sdn Bhd, an engineering consultancy firm. He was involved in the design and construction of housing, industrial, highways and infrastructure projects. Among the notable projects are the North-South Expressway and the KESAS Highway. Dato’ Khor has in all, over 30 years of experience in the construction and property development industry.

Dato’ Khor is the current REHDA (Selangor Branch) Chairman. He is also an EXCO member of REHDA National and Chairman of the Planning Policies & Standards Committee. 
Directorship of public companies (if any)Damai 14 Homeowners Berhad
Damai 1516 Homeowners Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNIL 
Any conflict of interests that he/she has with the listed issuerNIL 
Details of any interest in the securities of the listed issuer or its subsidiariesOrdinary Shares of RM0.75 each (“Shares”)
- Direct interest: 92,400 Shares

Employee Share Grant Plan
- 187,600 Shares (Granted)

Employee Share Option Scheme
- Option for 4,000,000 Shares (Vested)
- Option for 4,000,000 Shares (Granted) 

Remarks :
Dato' Khor Chap Jen is appointed the Acting President and Chief Executive Officer of S P Setia Berhad with effect from 1 January 2015.


BONIA - Changes in Director's Interest (S135) - Chiang Sang Bon

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced17 Sept 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoBC-140917-380B7

Information Compiled By KLSE

Particulars of Director

NameChiang Sang Bon
Address33, Jalan 9/105
Taman Midah, Cheras
56000 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary Shares of RM0.25 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
15/09/2014
100,000
1.180 

Circumstances by reason of which change has occurredThe 100,000 shares were acquired under direct interest on-market
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)1,300,000 
Direct (%)0.16 
Indirect/deemed interest (units)2,036,000 
Indirect/deemed interest (%)0.25 
Date of notice17/09/2014

Remarks :
(1) Deemed interest are shares held through his spouse and children.

(2) The above transfer representing 0.0124% of the issued shares of the Company.

(3) This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements.


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