October 21, 2014

Company announcements: INARI, MBSB, CVIEW, CMMT, DAIBOCI

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

Announcement Type: General Announcement
Company NameINARI AMERTRON BERHAD  
Stock Name INARI  
Date Announced21 Oct 2014  
CategoryGeneral Announcement
Reference NoOS-141021-35EFA

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 announcements dated 4 July 2014 and 3 October 2014 in relation to the Proposed Rights Issue with Warrants. M&A Securities on behalf of the Board wishes to announce that the issue price for the Rights Shares has been fixed at RM1.50 per Rights Share and the exercise price for the Warrants has been fixed at RM2.00 per Warrant.

The issue price for the Rights Shares at RM1.50 per Rights Share was determined by the Board after taking into consideration the following:

(a) the historical share price movement of Inari Shares;

(b) the five (5)-day volume weighted average market price ("5D-WAMP") of Inari Shares up to 20 October 2014 of RM2.43, being the market day immediately preceding the price fixing date on 21 October 2014; and

(c) the par value of Inari Shares of RM0.10 each.

The issue price of RM1.50 per Rights Share represents a discount of 35.62% from the theoretical ex-rights price of Inari Shares of RM2.33, calculated based on the 5D-WAMP up to and including 20 October 2014 of RM2.43, being the market day immediately preceding the price fixing date on 21 October 2014.

The exercise price of the Warrants has been fixed at RM2.00 per Warrant after taking into consideration the following:

(i) the 5D-WAMP of Inari Shares up to 20 October 2014 of RM2.43, being the market day immediately preceding the price fixing date on 21 October 2014;

(ii) the theoretical ex-rights price of Inari Shares of RM2.33 calculated based on the 5D-WAMP up to 20 October 2014; and

(iii) the par value of Inari Shares of RM0.10 each.

The exercise price of the Warrants of RM2.00 per Warrant represents a discount of 17.70% and 14.16% to the 5D-WAMP of Inari Shares up to 20 October 2014 of RM2.43 and the theoretical ex-rights price of Inari Shares of RM2.33, respectively.

This announcement is dated 21 October 2014.



MBSB - OTHERS PROPOSED MERGER OF THE BUSINESSES AND UNDERTAKINGS OF MALAYSIA BUILDING SOCIETY BERHAD (“MBSB”), CIMB GROUP HOLDINGS BERHAD (“CIMB GROUP”) AND RHB CAPITAL BERHAD (“RHB CAPITAL”) AND THE CREATION OF AN ENLARGED ISLAMIC BANKING FRANCHISE (“PROPOSED MERGER”)

Announcement Type: General Announcement
Company NameMALAYSIA BUILDING SOCIETY BERHAD  
Stock Name MBSB  
Date Announced21 Oct 2014  
CategoryGeneral Announcement
Reference NoMB-141021-58497

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED MERGER OF THE BUSINESSES AND UNDERTAKINGS OF MALAYSIA BUILDING SOCIETY BERHAD (“MBSB”), CIMB GROUP HOLDINGS BERHAD (“CIMB GROUP”) AND RHB CAPITAL BERHAD (“RHB CAPITAL”) AND THE CREATION OF AN ENLARGED ISLAMIC BANKING FRANCHISE (“PROPOSED MERGER”)

We refer to the previous announcements dated 10 July 2014 and 9 October 2014 (“Announcements”). Unless otherwise stated, the definitions used here shall have the same meanings as set out in the Announcements.

On behalf of MBSB, AmInvestment Bank Berhad wishes to announce that pursuant to the application submitted by MBSB for the waiver under Paragraph 10.08(7)(a) of the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) in respect of requiring EPF (a major shareholder MBSB) to abstain from voting at the shareholders’ meetings of MBSB for the Proposed Merger (“Proposed Waiver”), Bursa Securities had today rejected the application for the Proposed Waiver as there are no adequate justifications that the potential conflict of interests involving EPF has been eliminated or sufficiently mitigated. 

In arriving at its decision, Bursa Securities took into consideration the following:

(1) The objective of the related party transaction framework under the Listing Requirements is to govern potential conflict of interest situations. In related party transactions, related parties may be able to assert influence over a listed issuer’s actions or transactions which then present a risk of potential abuse to the listed issuer. By virtue of EPF being the common major shareholder in all three (3) affected companies (i.e. MBSB, RHB Capital and CIMB Group) as well as being the single largest shareholder of both MBSB and RHB Capital, there exists such a potential conflict of interest situation, where EPF may be able to influence the Proposed Merger to its own benefit; and

(2)  EPF’s position is not the same as the other shareholders of MBSB premised on the following:-

(a) EPF’s controlling stakes in MBSB (64.5%) and RHB Capital (41.5%) place it in a position of significant influence in these companies;

(b) As the single largest shareholder of MBSB and RHB Capital and a major shareholder in CIMB Group, EPF may benefit from the transaction as a shareholder of RHB Capital and/or CIMB Group. As such, its overall position would differ from a party who is merely a shareholder of MBSB, especially given the differing terms and valuations applicable to these three (3) affected companies; and

(c) EPF had prior knowledge of the Proposed Merger as it was notified by CIMB Group before the issuance of the letter of intent by CIMB Group dated 9 July 2014.

This announcement is dated 21 October 2014.



CVIEW - Quarterly rpt on consolidated results for the financial period ended 31/8/2014

Announcement Type: Financial Results
Company NameCOUNTRY VIEW BERHAD  
Stock Name CVIEW  
Date Announced21 Oct 2014  
CategoryFinancial Results
Reference NoCV-141010-38454

Financial Year End30/11/2014
Quarter3
Quarterly report for the financial period ended31/08/2014
The figureshave not been audited

Attachments

FY2014 Qtr 3.pdf
105 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/08/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/08/2014
31/08/2013
31/08/2014
31/08/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
41,516
61,171
149,780
193,834
2Profit/(loss) before tax
22,001
26,172
81,859
74,125
3Profit/(loss) for the period
16,171
19,495
60,409
55,689
4Profit/(loss) attributable to ordinary equity holders of the parent
16,171
19,495
60,409
55,689
5Basic earnings/(loss) per share (Subunit)
16.17
19.50
60.41
55.69
6Proposed/Declared dividend per share (Subunit)
7.00
10.00
28.00
20.00


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 ($$)
2.8100
2.3500
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:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


CMMT - Quarterly rpt on consolidated results for the financial period ended 30/9/2014

Announcement Type: Financial Results
Company NameCAPITAMALLS MALAYSIA TRUST  
Stock Name CMMT  
Date Announced21 Oct 2014  
CategoryFinancial Results
Reference NoCG-141015-DC6BE

Financial Year End31/12/2014
Quarter3
Quarterly report for the financial period ended30/09/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
77,908
77,364
235,103
226,302
2Profit/(loss) before tax
35,710
37,679
178,780
187,810
3Profit/(loss) for the period
35,710
37,679
178,780
187,810
4Profit/(loss) attributable to ordinary equity holders of the parent
35,710
37,679
178,780
187,810
5Basic earnings/(loss) per share (Subunit)
2.01
2.13
10.07
10.62
6Proposed/Declared dividend per share (Subunit)
2.12
2.26
6.65
6.61


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 ($$)
1.2323
1.1974
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:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


DAIBOCI - Quarterly rpt on consolidated results for the financial period ended 30/9/2014

Announcement Type: Financial Results
Company NameDAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.  
Stock Name DAIBOCI  
Date Announced21 Oct 2014  
CategoryFinancial Results
Reference NoDP-141021-955D8

Financial Year End31/12/2014
Quarter3
Quarterly report for the financial period ended30/09/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
83,090
87,293
260,458
230,139
2Profit/(loss) before tax
6,674
10,082
23,916
27,655
3Profit/(loss) for the period
5,016
7,400
17,836
20,527
4Profit/(loss) attributable to ordinary equity holders of the parent
5,016
7,400
17,836
20,527
5Basic earnings/(loss) per share (Subunit)
4.42
6.52
15.68
18.08
6Proposed/Declared dividend per share (Subunit)
2.50
4.00
9.50
11.00


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 ($$)
1.4600
1.4200
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:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


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