October 24, 2014

Company announcements: KAWAN, MINETEC, PRKCORP, PRLEXUS, RCECAP, HARVEST, WCT

KAWAN - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES

Announcement Type: General Announcement
Company NameKAWAN FOOD BERHAD  
Stock Name KAWAN  
Date Announced24 Oct 2014  
CategoryGeneral Announcement
Reference NoOS-141024-65966

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
DescriptionKAWAN FOOD BERHAD (“KAWAN” OR “COMPANY”)

(I) PROPOSED BONUS ISSUE OF SHARES; AND
(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

(COLLECTIVELY REFERRED TO AS “PROPOSALS”)

We refer to the announcements made on 24 September 2014 and 3 October 2014 in relation to the Proposals ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.


On behalf of the Board, TA Securities wishes to announce that Bursa Securities had vide its letter dated 23 October 2014 (which was received on 24 October 2014), approved the following:

(i) Listing and quotation of up to 90,000,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue of Shares;

(ii) Listing and quotation of up to 29,226,630 additional Warrants 2011/2016 ("Additional Warrants 2011/2016") to be issued pursuant to the adjustment made arising from the Proposed Bonus Issue of Shares; and

(iii) Listing and quotation of up to 29,229,630 new Kawan Shares arising from the exercise of the Additional Warrants 2011/2016.

The approval granted by Bursa Securities for the Proposed Bonus Issue of Shares is subject to the following conditions:

(i) Kawan and TA Securities must fully comply with the relevant provisions under the Main Market Listing Requirements ("Main LR") pertaining to the implementation of the Proposed Bonus Issue of Shares;

(ii) Kawan and TA Securities to inform Bursa Securities upon completion of the Proposed Bonus Issue of Shares;

(iii) Kawan to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonus Issue of Shares is completed;

(iv) Kawan and TA Securities are required to make the relevant announcements pursuant to Paragraphs 6.35(2) (a) & (b) and 6.35(4) of the Main LR pertaining to the Proposed Bonus Issue of Shares;

(v) TA Securities to furnish a certified true copy of the resolution passed by the shareholders at the extraordinary general meeting for the Proposed Bonus Issue of Shares;

(vi) The Bonus Shares and the Additional Warrants 2011/2016 must be listed simultaneously; and

(vii) To incorporate the comments made in the draft circular to shareholders.

This announcement is dated 24 October 2014.





MINETEC - Important Relevant Dates for Renounceable Rights

Announcement Type: Important Relevant Dates for Renounceable Rights
Company NameMINETECH RESOURCES BERHAD  
Stock Name MINETEC  
Date Announced24 Oct 2014  
CategoryImportant Relevant Dates for Renounceable Rights
Reference NoOS-141024-55880

Title / DescriptionRENOUNCEABLE RIGHTS ISSUE OF UP TO 332,689,500 NEW ORDINARY SHARES OF RM0.15 EACH IN MINETECH RESOURCES BERHAD (“MRB”) (“MRB SHARES”) (“RIGHTS SHARES”) TOGETHER WITH UP TO 332,689,500 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) RIGHTS SHARE TOGETHER WITH ONE (1) WARRANT FOR EVERY ONE (1) EXISTING MRB SHARE HELD AS AT 5.00 P.M. ON 7 NOVEMBER 2014 (“RIGHTS ISSUE OF SHARES WITH WARRANTS”)
Despatch Date11/11/2014
Date for commencement of trading of the rights10/11/2014
Date for despatch of abridged prospectus and subscription forms11/11/2014
Date for cessation of trading of the rights17/11/2014
Date for announcement of final subscription result and basis of allotment of excess Rights Securities28/11/2014
Listing date of the Rights Securities08/12/2014

Last date and time forDateTime
Sale of provisional allotment of rights14/11/2014
at
05:00:00 PM
Transfer of provisional allotment of rights19/11/2014
at
04:00:00 PM
Acceptance and payment24/11/2014
at
05:00:00 PM
Excess share application and payment24/11/2014
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 of Shares with Warrants as well as the last date and time for excess Rights Shares with Warrants application and payment are as above or such later date and time as the Board of Directors of MRB may decide in its absolute discretion and announce not less than two (2) market days before the stipulated date and time.

This announcement is dated 24 October 2014.


PRKCORP - OTHERS PERAK CORPORATION BERHAD (“PCB” OR THE “COMPANY”) PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF PCB PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED SCR”)

Announcement Type: General Announcement
Company NamePERAK CORPORATION BERHAD  
Stock Name PRKCORP  
Date Announced24 Oct 2014  
CategoryGeneral Announcement
Reference NoOD-141024-62691

TypeAnnouncement
SubjectOTHERS
DescriptionPERAK CORPORATION BERHAD (“PCB” OR THE “COMPANY”)

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF PCB PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED SCR”)

The terms used herein shall, unless the context otherwise stated shall bear the same meaning as those defined in the announcement dated 15 January 2014 in relation to the Proposed SCR.

 

We refer to the announcements dated 6 January 2014, 15 January 2014, 5 March 2014 and 20 May 2014 in relation to the Proposed SCR.

 

On behalf of the Board of Directors (“Board”) of PCB, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that the Company had, on 24 October 2014, received a letter from PKNPk, on behalf of and together with Fast Continent, Cherry Blossom and Perak Equity, requesting PCB to withdraw the Proposed SCR, subject to the SC’s consent (“Proposed Withdrawal”) (“Withdrawal Letter”).

 

The Proposed Withdrawal is premised on the letter dated 20 October 2014 from Sime Darby Property Berhad’s (“SDPB”) to Affin Hwang IB, informing that, SDPB will be voting against the Proposed SCR at the Extraordinary General Meeting (“EGM”) of PCB to be convened in relation to the Proposed SCR.

 

As at 30 June 2014, SDPB directly holds 6,125,000 PCB Shares, representing approximately 6.13% equity interest in PCB or approximately 13.00% of the voting shares held by the Entitled Shareholders.

 

Pursuant to the requirements of PN 44 of the Code, the Proposed SCR would be subject to the approval of the Entitled Shareholders at the EGM by at least 50% in number of the Entitled Shareholders and 75% in value to the votes attached to the PCB Shares held by the Entitled Shareholders that are cast either in person or by proxy at the EGM. Further, the value to the votes cast against the Proposed SCR at the EGM must not be more than 10% of the votes attaching to the PCB Shares held by the Entitled Shareholders.

 

Given SDPB’s intention to vote against the Proposed SCR as mentioned above, if the Proposed SCR is to proceed and the Company is to hold the EGM to consider the Proposed SCR, PCB will not be able to satisfy the voting requirement.

 

The Board of PCB will deliberate on the Withdrawal Letter and decide on the next course of action to be taken in relation to the Proposed Withdrawal where an announcement will be made in due course.

 

This announcement is dated 24 October 2014.



PRLEXUS - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES

Announcement Type: General Announcement
Company NamePROLEXUS BERHAD  
Stock Name PRLEXUS  
Date Announced24 Oct 2014  
CategoryGeneral Announcement
Reference NoMI-141024-60605

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
DescriptionPROLEXUS BERHAD (“PROLEXUS” OR THE “COMPANY”)

PROPOSED BONUS ISSUE OF UP TO 36,948,770 NEW ORDINARY SHARES OF RM0.50 EACH IN PROLEXUS (“PROLEXUS SHARE(S)”) (“BONUS SHARE(S)”) ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY FIVE (5) EXISTING PROLEXUS SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER (“ENTITLEMENT DATE”) (“PROPOSED BONUS ISSUE”)

On behalf of the Board of Directors of Prolexus, RHB Investment Bank Berhad is pleased to announce that Prolexus is proposing to undertake the Proposed Bonus Issue.


Further details of the Proposed Bonus Issue as attached.

Attachments

Prolexus BI announcement.pdf
194 KB



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 Announced24 Oct 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-141024-62278

Date of buy back24/10/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)120,000
Minimum price paid for each share purchased ($$)0.315
Maximum price paid for each share purchased ($$)0.320
Total consideration paid ($$)38,201.73
Number of shares purchased retained in treasury (units)120,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)42,585,000
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 (%)3.63


HARVEST - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced24 Oct 2014  
CategoryGeneral Announcement
Reference NoCC-141024-ADCE9

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionHARVEST COURT INDUSTRIES BERHAD (“HCIB” or “the Company”)
- NOTIFICATION BY PRINCIPAL OFFICER DEALING IN SECURITIES

Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it has received notification from Datuk Raymond Chan Boon Siew, the Principal Officer of the Company of his dealing in the securities of the Company during outside closed period, details as set out in the table below:-

Name of Principal Officer

Date of Transaction

Total No. of Securities Acquired/ (Disposed)

 

% of Issued Securities

Price Transacted (RM)

Datuk Raymond Chan Boon Siew

20.10.2014

(530,000)

0.19%

RM0.225

This announcement is dated 24 October 2014.

 

 

 



WCT - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji (Amended Announcement)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced24 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-141024-932CD

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak, Peti Surat 11025, 50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderLembaga Tabung Haji (103,013,205 Shares)
AmIslamic Fund Management Sdn Bhd (1,530,285 Shares)
Asian Islamic Investment Management Sdn Bhd (1,386,650 Shares)
Kenanga Investors Berhad (403,200 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/07/2014
675,000
 
Acquired30/07/2014
1,000,000
 
Acquired01/08/2014
25,600
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect
Direct (units)106,333,340 
Direct (%)9.76 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change106,333,340
Date of notice24/10/2014

Remarks :
In view of the rectification made on the Form 29B dated 17 July 2014, the number of shares held by Asian Islamic Investment Management Sdn Bhd and the total no. of securities held by Lembaga Tabung Haji after change shall be 1,386,650 and 106,333,340 respectively.


Amended Form 29B dated 23 October 2014 was received on 24 October 2014.


WCT - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji (Amended Announcement)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced24 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-141024-A3FF8

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak, Peti Surat 11025, 50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderLembaga Tabung Haji (103,013,205 Shares)
AmIslamic Fund Management Sdn Bhd (1,530,285 Shares)
Asian Islamic Investment Management Sdn Bhd (2,097,650 Shares)
Kenanga Investors Berhad (403,200 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired04/08/2014
90,600
 
Acquired05/08/2014
310,200
 
Acquired06/08/2014
197,500
 
Acquired07/08/2014
112,700
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect
Direct (units)107,044,340 
Direct (%)9.82 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change107,044,340
Date of notice24/10/2014

Remarks :
In view of the rectification made on the Form 29B dated 17 July 2014, the number of shares held by Asian Islamic Investment Management Sdn Bhd and total no. of securities held by Lembaga Tabung Haji after change shall be 2,097,650 and 107,044,340 respectively.

Amended Form 29B dated 23 October 2014 was received on 24 October 2014.


WCT - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji (Amended Announcement)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced24 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-141024-AC6DD

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak, Peti Surat 11025, 50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderLembaga Tabung Haji (104,013,205 Shares)
AmIslamic Fund Management Sdn Bhd (1,530,285 Shares)
Asian Islamic Investment Management Sdn Bhd (2,097,650 Shares)
Kenanga Investors Berhad (403,200 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired28/08/2014
1,000,000
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect
Direct (units)108,044,340 
Direct (%)9.92 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change108,044,340
Date of notice24/10/2014

Remarks :
In view of the rectification made on the Form 29B dated 17 July 2014, the number of shares held by Asian Islamic Investment Management Sdn Bhd and total no. of securities held by Lembaga Tabung Haji after change shall be 2,097,650 and 108,044,340 respectively.

Amended Form 29B dated 23 October 2014 was received on 24 October 2014.


WCT - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced24 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-141023-8F9CF

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak, Peti Surat 11025, 50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderLembaga Tabung Haji (105,053,337 Shares)
AmIslamic Fund Management Sdn Bhd (1,545,587 Shares)
Asian Islamic Investment Management Sdn Bhd (2,118,626 Shares)
Kenanga Investors Berhad (407,232 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others10/10/2014
1,040,132
 
Others10/10/2014
15,302
 
Others10/10/2014
20,976
 
Others10/10/2014
4,032
 

Description of other type of transactionShare Dividend (1:100)
Circumstances by reason of which change has occurredShare Dividend (1:100)
Nature of interestDirect
Direct (units)109,124,782 
Direct (%)10.01 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change109,124,782
Date of notice23/10/2014

Remarks :
Form 29B dated 23 October 2014 was received on 24 October 2014.


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