October 10, 2014

Company announcements: NIHSIN, TNLOGIS, CEPAT, KPSCB, RCECAP

NIHSIN - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameNI HSIN RESOURCES BERHAD  
Stock Name NIHSIN  
Date Announced10 Oct 2014  
CategoryChange in Audit Committee
Reference NoCC-141008-7135B

Date of change10/10/2014
NameRizvi Bin Abdul Halim
Age45
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
Qualifications1. MBA, Ohio University USA
2. Bachelor of Science Degree in Business Administration, Indiana State University USA
3. Diploma in Hotel Management, Universiti Teknologi MARA 
Working experience and occupation Encik Rizvi Bin Abdul Halim has vast working experience in corporate banking, capital market and syndication and capital market regulations. He was an Account Manager in the Corporate Banking Department of Bank Bumiputra Malaysia Berhad (now known as CIMB Bank Berhad) from 1995 to 1996. From 1997 to 2000, he was the Assistant Manager in the Capital Markets & Syndications Department of Malaysian International Merchant Bankers Berhad (now known as MIMB Investment Bank Berhad). In 2000, he joined Securities Commission Malaysia and held the position of Senior Manager in the Equities-Corporate Finance Department until 2012. 
Directorship of public companies (if any)Ideal Jacobs (Malaysia) Corporation Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 
Composition of Audit Committee (Name and Directorate of members after change)1. Chong Yew Kiang, Chairman (Independent Non-Executive Director)
2. Dato' Wong Pui Lam, Member (Independent Non-Executive Director)
3. Rizvi Bin Abdul Halim, Member (Independent Non-Executive Director)


NIHSIN - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameNI HSIN RESOURCES BERHAD  
Stock Name NIHSIN  
Date Announced10 Oct 2014  
CategoryChange in Boardroom
Reference NoCC-141009-2C57D

Date of change10/10/2014
NameAnita Chew Cheng Im
Age47
NationalityMalaysian
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Type of changeResignation
ReasonTo pursue other interests
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
Qualifications 
Working experience and occupation  
Directorship of public companies (if any)1) Notion VTec Berhad
2) MK Land Holdings Berhad Group 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 

Remarks :
Gender : Female


NIHSIN - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameNI HSIN RESOURCES BERHAD  
Stock Name NIHSIN  
Date Announced10 Oct 2014  
CategoryChange in Boardroom
Reference NoCC-141009-44C7A

Date of change10/10/2014
NameHsiao Chih Che
Age56
NationalityTaiwanese
DesignationExecutive Director
DirectorateExecutive
Type of changeResignation
ReasonTo pursue other interests
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
Qualifications 
Working experience and occupation  
Directorship of public companies (if any)None 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 

Remarks :
Gender : Male


NIHSIN - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameNI HSIN RESOURCES BERHAD  
Stock Name NIHSIN  
Date Announced10 Oct 2014  
CategoryChange in Audit Committee
Reference NoCC-141009-DB55A

Date of change10/10/2014
NameAnita Chew Cheng Im
Age47
NationalityMalaysian
Type of changeCessation of Office
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
Qualifications 
Working experience and occupation  
Directorship of public companies (if any)1) Notion VTec Berhad
2) MK Land Holdings Berhad Group 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 
Composition of Audit Committee (Name and Directorate of members after change)1. Chong Yew Kiang, Chairman (Independent Non-Executive Director)
2. Dato' Wong Pui Lam, Member (Independent Non-Executive Director)
3. Rizvi Bin Abdul Halim, Member (Independent Non-Executive Director)


NIHSIN - OTHERS NI HSIN RESOURCES BERHAD(“NI HSIN" OR “THE COMPANY”) - CHANGE OF MEMBER OF NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

Announcement Type: General Announcement
Company NameNI HSIN RESOURCES BERHAD  
Stock Name NIHSIN  
Date Announced10 Oct 2014  
CategoryGeneral Announcement
Reference NoCC-141009-C629E

TypeAnnouncement
SubjectOTHERS
DescriptionNI HSIN RESOURCES BERHAD(“NI HSIN" OR “THE COMPANY”)
- CHANGE OF MEMBER OF NOMINATION COMMITTEE AND REMUNERATION COMMITTEE

The Board of Directors of Ni Hsin wishes to announce that Encik Rizvi Bin Abdul Halim, an Independent Non-Executive Director ("INED") of the Company has been appointed as a Member of Nomination Committee (NC) and Remuneration Committee (RC) with effect from 10 October 2014.

Ms Anita Chew Cheng Im ceased to be a Member of NC and RC with effect from 10 October 2014.

Following the above changes, the composition of the NC and RC shall be as follows:-:-

Nomination Committee

1. Dato’ Wong Pui Lam - Chairman (INED)

2. Mr Chong Yew Kiang - Member (INED)

3. Encik Rizvi Bin Abdul Halim - Member (INED)

Remuneration Committee

1. Dato’ Wong Pui Lam - Chairman (INED)

2. Mr Chong Yew Kiang - Member (INED)

3. Encik Rizvi Bin Abdul Halim – Member (INED)

This announcement is dated 10 October 2014.

 

 



TNLOGIS - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameTIONG NAM LOGISTICS HOLDINGS BERHAD  
Stock Name TNLOGIS  
Date Announced10 Oct 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoTN-141010-62333

Date of buy back10/10/2014
Description of shares purchasedOrdinary Shares of RM0.20 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)343,000
Minimum price paid for each share purchased ($$)1.130
Maximum price paid for each share purchased ($$)1.160
Total consideration paid ($$)396,519.55
Number of shares purchased retained in treasury (units)343,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)1,108,800
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 (%)0.26


CEPAT - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):COMBINATION OF TRANSACTIONS

Announcement Type: General Announcement
Company NameCEPATWAWASAN GROUP BERHAD  
Stock Name CEPAT  
Date Announced10 Oct 2014  
CategoryGeneral Announcement
Reference NoMI-141010-55091

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
DescriptionCEPATWAWASAN GROUP BERHAD ("CGB" OR THE "COMPANY")

I. PROPOSED REVERSE TAKE-OVER OF TIMAH RESOURCES LIMITED ("TRL"), A PUBLIC LIMITED COMPANY LISTED ON THE NATIONAL STOCK EXCHANGE OF AUSTRALIA, BY CASH NEXUS (M) SDN BHD ("CNSB"), A WHOLLY-OWNED SUBSIDIARY COMPANY OF CGB, BY WAY OF THE FOLLOWING:-

(a) PROPOSED DISPOSAL BY CNSB OF 100% EQUITY INTEREST IN MISTRAL ENGINEERING SDN BHD TO TRL, FOR A TOTAL CONSIDERATION OF AUD8,550,000 (EQUIVALENT TO RM24,800,985) TO BE FULLY SATISFIED BY THE ISSUANCE OF 85,500,000 NEW FULLY PAID ORDINARY SHARES IN TRL ("TRL SHARE(S)" OR "SHARE(S)") AT AN ISSUE PRICE OF AUD0.10 PER TRL SHARE; AND

(b) PROPOSED SUBSCRIPTION BY CNSB AND/ OR ITS NOMINEE(S) OF 10,000,000 TRL SHARES FOR A TOTAL CASH CONSIDERATION OF AUD2,000,000 (EQUIVALENT TO RM5,801,400) OR AUD0.20 PER TRL SHARE IN CONJUNCTION WITH THE TRANSFER LISTING EXERCISE TO BE UNDERTAKEN BY TRL; AND

II. PROPOSED GRANTING OF A CALL OPTION BY TIMAH PASIR SDN BHD, A SUBSTANTIAL SHAREHOLDER OF TRL, FOR CNSB TO ACQUIRE 9,500,000 TRL SHARES FOR A TOTAL CASH CONSIDERATION OF UP TO AUD950,000 (EQUIVALENT TO RM2,755,665)

On behalf of the Board of Directors of CGB ("Board"), RHB Investment Bank Berhad ("RHBIB") wishes to announce that CNSB, a wholly-owned subsidiary company of CGB, proposes to undertake a reverse take-over ("RTO") of TRL, a public limited company listed on the National Stock Exchange of Australia ("NSX"), by way of the following:-

i.  the disposal by CNSB of 100% of the equity interest in MESB to TRL for a total consideration of AUD8,550,000 (equivalent to RM24,800,985) ("Disposal Consideration") to be fully satisfied by the issuance of 85,500,000 TRL Shares ("Consideration Share(s)") at an issue price of AUD0.10 per Consideration Share ("Proposed Disposal"); and

ii.  the subscription by CNSB and/ or its nominee(s) of 10,000,000 TRL Shares ("Subscription Share(s)") for a total cash consideration of AUD2,000,000 (equivalent to RM5,801,400) or AUD0.20 per Subscription Share in conjunction with the transfer listing exercise to be undertaken by TRL ("Proposed Subscription").

(The Proposed Disposal and the Proposed Subscription are collectively referred to as the "Proposed RTO").

Simultaneous with the execution of the conditional share sale agreement ("SSA") for the Proposed Disposal on 10 October 2014, CNSB had entered into a call option agreement with Timah Pasir Sdn Bhd ("TPSB" or the "Grantor"), being a substantial shareholder of TRL, for CNSB to have the option to acquire 9,500,000 TRL Shares ("Option Share(s)") from TPSB on a pre-consolidation basis and at any time within one (1) year from the date of the call option agreement for a total cash consideration of up to AUD950,000 (equivalent to RM2,755,665) ("Call Option Agreement") ("Proposed Call Option").

Further details of the Proposed RTO and the Proposed Call Option are set out in the attachment.

Attachments

CGB - Announcement.pdf
113 KB



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

Announcement Type: General Announcement
Company NameKPS CONSORTIUM BERHAD  
Stock Name KPSCB  
Date Announced10 Oct 2014  
CategoryGeneral Announcement
Reference NoKC-141010-31410

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-141009-39339
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionProposed Disposal Of Land And Building Together With Machinery By Subsidiaries
Query Letter Contents We refer to your Company's announcement dated 8 October 2014 in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. Number of storey and the built-up area of the factory building.
2. The built-up area of the three storey office building.
3. The timeframe for full utilisation of proceeds.
4. The original costs of investments in the Property and Machinery
respectively, and the dates of the investments.
5. Whether the Proposed Disposals is subject to the relevant government
authorities' approval.

Please furnish Bursa Securities with your reply 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)

Further to the announcement made on 8 October 2014, the Board of Directors of KPS Consortium Berhad wishes to furnish the following additional information:-

  1. It is a single storey factory and the gross floor area is estimated at 111,146.50 square feet.
  2. The built up area of the three storey office building is estimated at 11,884 square feet.
  3. The proceeds will be utilised within 3 to 6 months.
  4. The original cost for the Property is RM10,080,644 acquired in 1993. The total costs for the Machinery is RM10,598,958 (consists of RM4,789,000 acquired in 2008, RM558,852 acquired in 2009, RM612,257 acquired in 2010, RM910,326 acquired in 2011, RM2,467,202 acquired in 2012, and RM1,261,321 acquired in 2013).
  5. The Proposed Disposals is not subject to any government authorities' approval.

This announcement is dated 10 October 2014.



RCECAP - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced10 Oct 2014  
CategoryGeneral Announcement
Reference NoRC-141010-56016

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionQuarterly disclosure for the period ended 30 September 2014 pursuant to Paragraph 8.23(2)(e) of Bursa Malaysia Securities Berhad Main Market Listing Requirements

RCE Capital Berhad wishes to announce the status of the above in relation to its moneylending business as at 30 September 2014.

This announcement is dated 10 October 2014.



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 Announced10 Oct 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-141010-63576

Date of buy back10/10/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)400,000
Minimum price paid for each share purchased ($$)0.320
Maximum price paid for each share purchased ($$)0.325
Total consideration paid ($$)128,800.22
Number of shares purchased retained in treasury (units)400,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)40,100,400
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 (%)3.42


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