October 20, 2014

Company announcements: SIGGAS, CBIP, WCT, PLS

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

Announcement Type: General Announcement
Company NameSIG GASES BERHAD  
Stock Name SIGGAS  
Date Announced20 Oct 2014  
CategoryGeneral Announcement
Reference NoMI-141020-66252

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionSIG GASES BERHAD (“SIG” OR THE “COMPANY”)

PROPOSED TWO-CALL RIGHTS ISSUE

We refer to the announcement dated 5 September 2014 in relation to the Proposed Two-Call Rights Issue (“Announcement”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.


On behalf of the Board of Directors of SIG (“Board”), Kenanga Investment Bank Berhad (“KIBB”) is pleased to announce that the Board has resolved that the Second Call be wholly capitalised from the retained earnings reserve of SIG (instead of from the share premium reserve) as detailed below:-


Company Level

Audited as at 31 December 2013

Unaudited as at 30 June 2014

RM’000

RM’000

Retained earnings reserve

242

6,165

Add : Dividends paid to SIG by Southern Industrial Gas Sdn Bhd (a)

7,130

-

Less : Dividend paid to shareholders of SIG (b)

(900)

-

Balance before capitalisation

6,472

6,165

Less : Capitalised for the Second Call

(5,250)

(5,250)

Less : Estimated expenses for the Proposed Two-Call Rights Issue (c)

(224)

(224)

After the Proposed Two-Call Rights Issue

998

691

Notes:

(a)  Being the net interim dividends received from the subsidiary company, Southern Industrial Gas Sdn Bhd, comprising:-

 

(i) Interim single-tier dividend of RM0.05 per share totalling RM1,150,000 in respect of the financial year ending 31 December 2014, declared on 24 April 2014 and paid on 9 June 2014; and

 

(ii) Interim single-tier dividend of RM0.26 per share totalling RM5,980,000 in respect of the financial year ending 31 December 2014, declared and paid on 28 June 2014.

 

(b)  Final tax exempt single-tier dividend in respect of financial year ended 31 December 2013, approved by shareholders of SIG on 23 May 2014 and paid on 18 June 2014.

 

(c)  Of the total estimated expenses of RM800,000, expenses relating to the Second Call of RM224,000 will be charged to the profit and loss and the balance of RM576,000 relating to the First Call will be set off against our share premium reserve.

 

Based on the above, the Board confirms that the retained earnings reserve to be capitalised for the Proposed Two-Call Rights Issue is adequate and unimpaired by losses on a consolidated basis in accordance with Paragraphs 6.19 and 6.30(1) of the Listing Requirements.

 

This announcement is dated 20 October 2014.



CBIP - Bonus Issue

Announcement Type: Entitlements (Notice of Book Closure)
Company NameCB INDUSTRIAL PRODUCT HOLDING BERHAD  
Stock Name CBIP  
Date Announced20 Oct 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoMI-141020-63698

EX-date31/10/2014
Entitlement date04/11/2014
Entitlement time05:00:00 PM
Entitlement subjectBonus Issue
Entitlement descriptionBonus issue of up to 90,669,491 warrants (“Warrants”) on the basis of one (1) Warrant for every three (3) existing ordinary shares of RM0.50 each in CB Industrial Product Holding Berhad (“CBIP” or “Company”) (“Shares”) held at 5.00 p.m. on 4 November 2014 (“Bonus Issue of 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 noSymphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46,
47301 Petaling Jaya
Selangor Darul Ehsan

Tel. no.: +603 7841 8000
Fax no.: +603 7841 8151 / 8152
Helpdesk no.: +603 7849 0777
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers04/11/2014 
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) 
Entitlement indicatorRatio
Ratio 1 : 3
Rights Issues/Offer Price

Remarks :
The Bonus Issue of Warrants entails an issuance of up to 90,669,491 Warrants to be credited as fully paid-up on the basis of one (1) Warrant for every three (3) existing Shares held by the entitled shareholders on the entitlement date. The actual number of Warrants to be issued will depend on the issued and paid-up share capital of the Company as at the entitlement date.

The Warrants shall be listed and quoted together with the bonus shares to be issued pursuant to the Bonus Issue of Shares on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 12 November 2014, being five (5) clear market days from the entitlement date.

The notice of allotment of the Warrants will be issued and despatched to the entitled shareholders within four (4) market days after the listing of and quotation for the Warrants on the Main Market of Bursa Securities.

This Announcement is dated 20 October 2014.


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

Announcement Type: General Announcement
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced20 Oct 2014  
CategoryGeneral Announcement
Reference NoWW-141020-65239

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionWCT HOLDINGS BERHAD (“WCT” OR “COMPANY”)

ACQUISITION OF FOUR (4) PIECES OF VACANT FREEHOLD LANDS IN BANDAR SERENDAH BY JUBILANT COURTYARD SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WCT LAND SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF WCT FROM MATAD SDN BHD

The Board of Directors of WCT (“Board”) wishes to announce that on 20 October 2014, Jubilant Courtyard Sdn Bhd (“JCSB” or “Purchaser”), a wholly-owned subsidiary of WCT Land Sdn Bhd, which in turn is a wholly-owned subsidiary of WCT, had entered into a conditional sale and purchase agreement (“SPA”) with Matad Sdn Bhd (“Matad” or “Vendor”) for the acquisition of four (4) pieces of vacant freehold lands all located in Seksyen 20, Bandar Serendah, Daerah Ulu Selangor, Negeri Selangor Darul Ehsan (“the Lands”) at a total purchase consideration of RM115,380,566.64 (Ringgit Malaysia One Hundred Fifteen Million Three Hundred Eighty Thousand Five Hundred Sixty Six and Cents Sixty Four) only (“Total Purchase Consideration”) (collectively referred to as “The Acquisition”).

Further details of the Acquisition are set out in the attached files.

The announcement is dated 20 October 2014.



PLS - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NamePLS PLANTATIONS BERHAD  
Stock Name PLS  
Date Announced20 Oct 2014  
CategoryGeneral Announcement
Reference NoPP-141020-62204

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionPLS Plantations Berhad (“PLS or the Company”)
Kuala Lumpur High Court Suit No. 22NCVC-612-11/2013 (”the Suit”)
United Forest Contractor vs. Aramijaya Sdn Bhd

We refer to the announcement dated 13 November 2013 and 23 May 2014 in relation to the above.

The Board of Directors of PLS ("Board") would like to update that its 70% owned subsidiary, Aramijaya Sdn Bhd ("ASB") had been informed by its solicitor of the following :-

The abovementioned case is fixed for further hearing on 7 November 2014.

This announcement is dated 20 October 2014.


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