ASIAEP - Annual Report 2014
| Company Name | ASIAEP RESOURCES BERHAD (ACE Market) |
| Stock Name | ASIAEP |
| Date Announced | 27 Nov 2014 |
| Category | Document Receipt |
| Reference No | JM-141127-44149 |
| Annual Report for Financial Year Ended | 31/08/2014 |
| Subject | Annual Report 2014 |
MMCCORP - OTHERS MMC CORPORATION BERHAD (“MMC” OR THE “COMPANY”) ACQUISITION OF 73,991,679 ORDINARY SHARES OF RM1.00 EACH REPRESENTING APPROXIMATELY 15.73% ORDINARY EQUITY INTEREST IN NCB HOLDINGS BHD (“NCB”) BY MMC VENTURES SDN BHD (“MMCV”), A WHOLLY-OWNED SUBSIDIARY OF MMC, FROM MISC BERHAD (“MISC”) FOR A CASH CONSIDERATION OF RM221.98 MILLION
| Company Name | MMC CORPORATION BERHAD |
| Stock Name | MMCCORP |
| Date Announced | 27 Nov 2014 |
| Category | General Announcement |
| Reference No | MC-141126-58857 |
| Type | Announcement |
| Subject | OTHERS |
| Description | MMC CORPORATION BERHAD (“MMC” OR THE “COMPANY”) ACQUISITION OF 73,991,679 ORDINARY SHARES OF RM1.00 EACH REPRESENTING APPROXIMATELY 15.73% ORDINARY EQUITY INTEREST IN NCB HOLDINGS BHD (“NCB”) BY MMC VENTURES SDN BHD (“MMCV”), A WHOLLY-OWNED SUBSIDIARY OF MMC, FROM MISC BERHAD (“MISC”) FOR A CASH CONSIDERATION OF RM221.98 MILLION |
1.0 INTRODUCTION We refer to the article entitled "Syed Mokhtar in talks to buy stake in NCB Holdings" which appeared on pages 1 and 4, Home Business section, The Edge Financial Daily dated 25 November 2014. Pursuant to Paragraph 9.19 (25) and 10.05 (2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Malaysia”), MMC wishes to announce that its wholly-owned subsidiary, MMCV, has entered into an Agreement for the Sale and Purchase of Shares (“SPA”) with MISC on 27 November 2014, for the acquisition of 73,991,679 ordinary shares of RM1.00 each representing approximately 15.73% ordinary equity interest in NCB, for a cash consideration of RM221.98 million (“Consideration”) via an off-market Direct Business Transaction (“Acquisition”) to be executed on even date. 2.0 BASIS OF CONSIDERATION AND MODE OF PAYMENT The Consideration for the Acquisition was arrived at on a ‘willing-buyer willing-seller’ basis after taking into consideration the prospect of the assets and operations of the Company. The payment of the Consideration shall be effected through authorised brokers who are members of Bursa Malaysia not later than three (3) business or market days after the conclusion of the off-market Direct Business Transaction and in accordance with the rules and regulations of the Bursa Malaysia applicable to transactions of similar nature. 3.0 RATIONALE OF THE ACQUISITION The Acquisition is in line with the initiative of MMC to make further strategic investment in MMC’s core business, i.e. Ports and Logistics division, to further strengthen MMC Group’s financial position. It is also expected that the Acquisition would contribute positively to the future earnings of the MMC Group. In addition, the Acquisition will bode well for MMC Group which is a key player in the ports industry in Malaysia. It provides a good opportunity for the MMC Group to acquire a strategic stake in an established company in the ports and logistics sector. 4.0 INFORMATION ON THE ENTITIES 4.1 NCB NCB is a company incorporated in Malaysia with its registered address at Headquarter’s Building, Jalan Pelabuhan, North Port, 42000 Port Klang, Selangor Darul Ehsan. NCB was incorporated on 8 January 1999 and its principal activities are investment holding and the provision of management services to its subsidiaries. Through its subsidiaries, NCB operates a port and provides haulage, freight forwarding, ancillary services and shipping services. The current authorised share capital of NCB is RM1,000,000,000 comprising 1,000,000,000 ordinary shares of RM1.00 each of which RM470,252,708 comprising 470,252,708 ordinary shares of RM1.00 each are fully paid-up. 4.2 MMCV MMCV is a wholly-owned subsidiary of MMC and was incorporated on 26 September 2006. The authorised share capital of MMCV is RM100,000 comprising 100,000 ordinary shares of RM1.00 each and the current issued and paid-up capital is RM2.00 comprising 2 ordinary shares of RM1.00 each. MMCV is an investment holding company. 5.0 EFFECTS OF THE ACQUISITION 5.1 Share capital and substantial shareholders’ shareholdings The Acquisition will not have any effect on the issued and paid-up share capital and the shareholdings of substantial shareholders of the Company. 5.2 Earnings and earnings per share (“EPS”) The Acquisition is expected to contribute positively to the consolidated earnings and EPS of MMC Group in the future through its shareholding in NCB. 5.3 Net assets (“NA”), NA per share and gearing The Acquisition is not expected to have any material effect on the audited consolidated NA per share and consolidated gearing of MMC for the financial year ending 2014. 6.0 APPROVAL REQUIRED The Acquisition is not subject to the approval of MMC’s shareholders or any regulatory authorities. The Acquisition is not conditional upon any other corporate exercise undertaken or to be undertaken by the MMC. 7.0 DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST None of the directors, major shareholders of MMC and persons connected to them are interested in the Acquisition. 8.0 DIRECTORS’ STATEMENT The board of directors’ of MMC, having considered all aspects of the Acquisition, is of the opinion that the Acquisition is in the best interest of MMC. This announcement is dated 27 November 2014. | |
MISC - OTHERS MISC BERHAD ("MISC" OR "THE COMPANY") DISPOSAL OF 15.73% EQUITY INTEREST IN NCB HOLDINGS BHD (“NCB”) TO MMC VENTURES SDN BHD (“MMCV”), A WHOLLY-OWNED SUBSIDIARY OF MMC CORPORATION BERHAD (“MMC”) FOR A CASH CONSIDERATION OF RM221.98 MILLION (“DISPOSAL”)
| Company Name | MISC BERHAD |
| Stock Name | MISC |
| Date Announced | 27 Nov 2014 |
| Category | General Announcement |
| Reference No | MM-141127-37074 |
| Type | Announcement |
| Subject | OTHERS |
| Description | MISC BERHAD ("MISC" OR "THE COMPANY") DISPOSAL OF 15.73% EQUITY INTEREST IN NCB HOLDINGS BHD (“NCB”) TO MMC VENTURES SDN BHD (“MMCV”), A WHOLLY-OWNED SUBSIDIARY OF MMC CORPORATION BERHAD (“MMC”) FOR A CASH CONSIDERATION OF RM221.98 MILLION (“DISPOSAL”) |
We refer to the article which appeared on pages 1 and 4, Home Business section, The Edge Financial Daily dated 25 November 2014. MISC wish to announce that the Company has entered into an Agreement for Sale and Purchase of Shares with MMCV, a wholly-owned subsidiary of MMC, on 27 November 2014 for the disposal of 15.73% equity interest held by MISC in NCB to MMCV, comprising 73,991,679 issued and paid-up ordinary shares for a total cash consideration of RM221.98 million. Please refer to the attachment for details of the announcement. This announcement is dated 27 November 2014.
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HOHUP - Additional Listing Announcement
| Company Name | HO HUP CONSTRUCTION COMPANY BHD |
| Stock Name | HOHUP |
| Date Announced | 27 Nov 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | CS-141126-51749 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | Others |
| Details of corporate proposal | Conversion of Redeemable Convertible Preference Shares to Ordinary Shares |
| No. of shares issued under this corporate proposal | 56,000 |
| Issue price per share ($$) | MYR 0.500 |
| Par Value ($$) | MYR 0.500 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 310,944,161 |
| Currency | MYR 155,472,080.500 |
| Listing Date | 28/11/2014 |
TAMBUN - Additional Listing Announcement
| Company Name | TAMBUN INDAH LAND BERHAD |
| Stock Name | TAMBUN |
| Date Announced | 27 Nov 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | CC-141126-74049 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | Others |
| Details of corporate proposal | Conversion of Warrants |
| No. of shares issued under this corporate proposal | 5,031,000 |
| Issue price per share ($$) | MYR 0.600 |
| Par Value ($$) | MYR 0.500 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 417,450,715 |
| Currency | MYR 208,725,357.500 |
| Listing Date | 28/11/2014 |
MULTICO - Annual Audited Accounts - 31 July 2014
| Company Name | MULTI-CODE ELECTRONICS INDUSTRIES (M) BHD |
| Stock Name | MULTICO |
| Date Announced | 27 Nov 2014 |
| Category | PDF Submission |
| Reference No | CS-141125-52322 |
| Subject | Annual Audited Accounts - 31 July 2014 |
DIALOG - Additional Listing Announcement
| Company Name | DIALOG GROUP BERHAD |
| Stock Name | DIALOG |
| Date Announced | 27 Nov 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | DG-141125-5E202 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | Exercise of Employees' Share Option Scheme |
| No. of shares issued under this corporate proposal | 25,455,110 |
| Issue price per share ($$) | MYR 0.000 |
| Par Value ($$) | MYR 0.100 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 4,957,862,118 |
| Currency | MYR 495,786,211.800 |
| Listing Date | 28/11/2014 |
| Remarks : |
| Issue price per share under the ESOS: 6,100 shares at RM0.47 487,660 shares at RM0.52 201,032 shares at RM0.41 53,984 shares at RM0.20 8,846,740 shares at RM0.24 7,370,784 shares at RM0.32 5,007,645 shares at RM0.47 298,912 shares at RM0.69 1,945,343 shares at RM1.02 43,010 shares at RM0.89 899,300 shares at RM1.06 207,600 shares at RM1.19 87,000 shares at RM1.40 |
ECOWLD - Circular/Notice to Shareholders
| Company Name | ECO WORLD DEVELOPMENT GROUP BERHAD |
| Stock Name | ECOWLD |
| Date Announced | 27 Nov 2014 |
| Category | PDF Submission |
| Reference No | MI-141127-40601 |
| Subject | INDEPENDENT ADVICE CIRCULAR TO THE NON-INTERESTED SHAREHOLDERS OF ECO WORLD DEVELOPMENT GROUP BERHAD (“EW BERHAD”) IN RELATION TO THE (I) PROPOSED ACQUISITIONS OF THE FOLLOWING: (A) 100% EQUITY INTEREST IN ECO MACALISTER DEVELOPMENT SDN BHD (FORMERLY KNOWN AS BINTANG DEDIKASI SDN BHD) FOR A CASH CONSIDERATION OF RM2.00; (B) 100% EQUITY INTEREST IN ECO WORLD PROJECT MANAGEMENT SDN BHD FOR A CASH CONSIDERATION OF RM2.00; AND (C) DEVELOPMENT RIGHTS FROM CERTAIN SUBSIDIARIES OF ECO WORLD DEVELOPMENT SDN BHD FOR AN AGGREGATE CASH CONSIDERATION OF RM3,785.8 MILLION; AND (II) PROPOSED EXEMPTION UNDER PARAGRAPH 16.1 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 TO EXEMPT ECO WORLD DEVELOPMENT HOLDINGS SDN BHD (“EW HOLDINGS”) FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING VOTING SHARES OF EW BERHAD NOT ALREADY OWNED BY EW HOLDINGS AND THE PERSONS ACTING IN CONCERT WITH IT UPON THE COMPLETION OF THE SUBSCRIPTION OF ORDINARY SHARES OF RM0.50 EACH IN EW BERHAD AFTER THE PROPOSED SHARE SPLIT FOR AN AGGREGATE CASH CONSIDERATION OF RM1,371,639,649.40 |
MKLAND - GENERAL MEETINGS: OUTCOME OF MEETING
| Company Name | MK LAND HOLDINGS BERHAD |
| Stock Name | MKLAND |
| Date Announced | 27 Nov 2014 |
| Category | General Meetings |
| Reference No | CK-141118-31847 |
| Type of Meeting | AGM |
| Indicator | Outcome of Meeting |
| Date of Meeting | 27/11/2014 |
| Time | 10:00 AM |
| Venue | The Royale Ballroom The Royale Bintang Damansara Hotel No. 2, Jalan PJU 7/3 Mutiara Damansara 47810 Petaling Jaya Selangor Darul Ehsan |
| Outcome of Meeting | The Board of Directors of the Company is pleased to announce that all the resolutions as set out in the Notice of the Thirty-Fifth Annual General Meeting ("35th AGM") dated 5 November 2014, have been approved by the shareholders at the 35th AGM held earlier today. |
BONIA - Changes in Sub. S-hldr's Int. (29B) - Albizia ASEAN Opportunities Fund
| Company Name | BONIA CORPORATION BERHAD |
| Stock Name | BONIA |
| Date Announced | 27 Nov 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | BC-141127-06436 |
Particulars of substantial Securities Holder
| Name | Albizia ASEAN Opportunities Fund |
| Address | c/o Albizia Capital Pte Ltd 36 Armenian Street #03-07 Singapore 179934 |
| NRIC/Passport No/Company No. | CT-230980 |
| Nationality/Country of incorporation | Cayman Islands |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.25 each |
| Name & address of registered holder | Maybank Nominees (Asing) Sdn Bhd DBS Bank For Albizia ASEAN Opportunities Fund 14th Floor Menara Maybank 100 Jln Tun Perak 50050 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 26/11/2014 | 500,000 |
| Remarks : |
| The Notice of Change in the Interest of Substantial Shareholder (Form 29B) dated 27 November 2014 was received on 27 November 2014 from Albizia Capital Pte Ltd reporting on behalf of Albizia ASEAN Opportunities Fund. |
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