November 13, 2014

Company announcements: ELKDESA, BJAUTO, IOIPG, GAMUDA, IPMUDA, ENCORP, INNO

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

Announcement Type: General Announcement
Company NameELK-DESA RESOURCES BERHAD  
Stock Name ELKDESA  
Date Announced13 Nov 2014  
CategoryGeneral Announcement
Reference NoER-141106-40133

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionELK-DESA RESOURCES BERHAD (“ELK-DESA RESOURCES” OR “THE COMPANY”)
–Related Party Transaction on the acquisition of two (2) freehold adjoining intermediate and corner four storey terrace shop offices by ELK-Desa Capital Sdn Bhd("ELK-Desa Capital"), a wholly-owned subsidiary of ELK-Desa Resources, from Eng Lee Kredit Sdn Bhd("Eng Lee Kredit"or the "Vendor"), a major shareholder of the Company.("Proposed Acquisition").

Please refer to the attachment on the Related Party Transaction in relation to the Proposed Acquisition of two (2) freehold adjoining intermediate and corner four storey terrace shop offices by ELK-Desa Capital, a wholly-owned subsidiary of ELK-Desa Resources, from Eng Lee Kredit , a major shareholder of the Company.


This announcement is dated 13 November 2014.

Attachments

ELKDESA_RPT Announcement.pdf
175 KB



BJAUTO - Changes in Sub. S-hldr's Int. (29B) - Berjaya Group Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBERJAYA AUTO BERHAD  
Stock Name BJAUTO  
Date Announced13 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBA-141111-63D64

Particulars of substantial Securities Holder

NameBerjaya Group Berhad
AddressLot 13-01A, Level 13 (East Wing),
Berjaya Times Square,
No. 1, Jalan Imbi,
55100 Kuala Lumpur.
NRIC/Passport No/Company No.7308-X
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderBerjaya Group Berhad
Level 12,
Berjaya Times Square,
No. 1, Jalan Imbi,
55100 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed11/11/2014
945,000
 

Circumstances by reason of which change has occurredBeneficial Interest
-Disposal via direct deal
Nature of interestDirect Interest
Direct (units)356,880,500 
Direct (%)44.16 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change356,880,500
Date of notice12/11/2014


BJAUTO - Changes in Sub. S-hldr's Int. (29B) - Berjaya Corporation Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBERJAYA AUTO BERHAD  
Stock Name BJAUTO  
Date Announced13 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBA-141111-63D63

Particulars of substantial Securities Holder

NameBerjaya Corporation Berhad
AddressLot 13-01A, Level 13 (East Wing),
Berjaya Times Square,
No. 1, Jalan Imbi,
55100 Kuala Lumpur.
NRIC/Passport No/Company No.554790-X
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderBerjaya Group Berhad
Level 12,
Berjaya Times Square,
No. 1, Jalan Imbi,
55100 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed11/11/2014
945,000
 

Circumstances by reason of which change has occurredDeemed interested by virtue of their 100% equity interest in Berjaya Group Berhad
-Disposal via direct deal
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)356,880,500 
Indirect/deemed interest (%)44.16 
Total no of securities after change356,880,500
Date of notice12/11/2014


BJAUTO - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dato' Seri Vincent Tan Chee Yioun

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBERJAYA AUTO BERHAD  
Stock Name BJAUTO  
Date Announced13 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBA-141111-63D41

Particulars of substantial Securities Holder

NameTan Sri Dato' Seri Vincent Tan Chee Yioun
Address28, Jalan Bukit Seputeh,
Seputeh Heights,
Taman Seputeh,
58000 Kuala Lumpur
NRIC/Passport No/Company No.520223-01-5779
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderBerjaya Group Berhad
Level 12,
Berjaya Times Square,
No. 1, Jalan Imbi,
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed11/11/2014
945,000
 

Circumstances by reason of which change has occurredDeemed interested by virtue of his interest in Berjaya Corporation Berhad
-Disposal via direct deal
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)356,880,500 
Indirect/deemed interest (%)44.16 
Total no of securities after change356,880,500
Date of notice12/11/2014


BJAUTO - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBERJAYA AUTO BERHAD  
Stock Name BJAUTO  
Date Announced13 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBA-141113-C9D29

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP,
Jalan Raja Laut,
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
1)Employees Provident FD BD (AMUNDI)
2)Employees Provident FD BD (KIB)
3)Employees Provident FD BD (MAYBAN)
4)Employees Provident FD BD (CIMB PRI)
Level 42, Menara Citibank,
165, Jalan Ampang,
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed10/11/2014
600,000
 
Acquired10/11/2014
767,000
 
Acquired10/11/2014
675,000
 
Disposed10/11/2014
807,100
 

Circumstances by reason of which change has occurred1)Disposed
2)Acquired
3)Acquired
4)Disposed
Nature of interestDirect Interest
Direct (units)45,130,800 
Direct (%)5.58 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change45,130,800
Date of notice11/11/2014


IOIPG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIOI PROPERTIES GROUP BERHAD  
Stock Name IOIPG  
Date Announced13 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIP-141113-D4A46

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
Level 42, Menara Citibank, 165 Jalan Ampang,
50450 Kuala Lumpur
(Acquisition of 269,600 shares on 10 November 2014. Following the acquisition, currently held 260,145,388 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (Affin-HWG)
(There is no change in shareholding. Currently held 8,880,000 shares.)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired10/11/2014
269,600
 

Circumstances by reason of which change has occurredAcquisition of equity managed by Portfolio Manager
Nature of interestDirect
Direct (units)269,025,388 
Direct (%)8.31 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change269,025,388
Date of notice11/11/2014

Remarks :
We received the Form 29B of EMPLOYEES PROVIDENT FUND BOARD on 13 November 2014.


GAMUDA - Appointment As The Project Delivery Partner For The Implementation Of The Klang Valley Mass Rapid Transit Project: Sungai Buloh-Serdang-Putrajaya Line/Line 2 (“the Project”) – Shareholders’ Agreement

Announcement Type: General Announcement
Company NameGAMUDA BERHAD  
Stock Name GAMUDA  
Date Announced13 Nov 2014  
CategoryGeneral Announcement
Reference NoGG-141113-54238

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDBL-141112-56377
SubjectAppointment As The Project Delivery Partner For The Implementation Of The Klang Valley Mass Rapid Transit Project: Sungai Buloh-Serdang-Putrajaya Line/Line 2 (“the Project”) – Shareholders’ Agreement
DescriptionWe refer to Bursa Malaysia Securities Berhad’s (“Bursa Malaysia”) letter dated 12 November 2014 on the above matter and furnish below the additional information as required:

1. The breakdown of the total capital and investment outlay of Gamuda Berhad (“Gamuda”) will be according to the proportion of interest of each party in MMC Gamuda KVMRT (PDP SSP) Sdn Bhd (“JVC”), which could only be determined after the project delivery partner (“PDP”) agreement with Mass Rapid Transit Corporation Sdn Bhd (“MRT Corp”) has been finalised and signed.

2. The current authorised share capital of the JVC is RM400,000 divided into 400,000 ordinary shares of RM1.00 each and the current issued and paid up capital of the JVC is RM2.00 divided into two (2) ordinary shares of RM1.00 each. The eventual issued and paid up capital of the JVC, the type of shares or securities in the JVC could only be determined after the PDP agreement with MRT Corp has been finalised and signed.

3. Gamuda plans to finance its portion of the investment in the JVC through either internally generated funds and/or borrowings.

Gamuda will make the appropriate announcement to Bursa Malaysia as and when there is a material development in relation to the Project.

This announcement is dated 13 November 2014.
Query Letter Contents We refer to your Company's announcement dated 11 November 2014 in respect of
the above matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. The breakdown of Gamuda Berhad's ("Gamuda") total capital and investment
outlay in the joint-venture.
2. The eventual issued and paid-up capital of MMC Gamuda KVMRT (PDP SSP) Sdn
Bhd ("JVC").
3. The number, type and par value of the shares of the JVC. Where there is more
than one type of shares or securities issued, the following:
(a) the differences between the different types of shares or securities;
(b) whether convertible; if so, the rate and period;
(c) whether redemable; if so, the rate and period; and
(d) the tenure.
4. Gamuda's source(s) of funds for financing the investment in the JVC, and the
breakdown.

Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.

Yours faithfully


KHOO KAY KWAN
Senior Vice President, Issuers
Listing Division, Regulation
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)

 



IPMUDA - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameIPMUDA BERHAD  
Stock Name IPMUDA  
Date Announced13 Nov 2014  
CategoryChange in Boardroom
Reference NoII-141113-41664

Date of change13/11/2014
NameRohaizan Binti Ahmad Sallehudin
Age60
NationalityMalaysian
Type of changeAppointment
DesignationDirector
DirectorateNon Independent & Non Executive
QualificationsBachelor of Science in Economics (Hons) from Aberystwyth University, Wales, United Kingdom and MBA from Asian Institute of Management, Manila, Philippines 
Working experience and occupation Rohaizan Ahmad Sallehudin is currently a director of Maju Holdings Sdn Bhd.

Rohaizan has an extensive portfolio of corporate and consulting experience at senior management level. She has worked and consulted in various organisations including GLCs, joint venture companies, her own start-up consultancy, entrepreneurial organisations and conglomerates in multiple fields and industries including integrated transportation, life and general insurance, investment holding, property management and development, banking, hospitality and IT, locally as well as in Singapore and India. She has also lived in Malaysia, the United Kingdom, Dubai and Kuwait.

She is a seasoned professional with more than 30 years corporate and strategic planning, corporate change and organisational development experience and has managed complex organisational transformations from conceptualisation to implementation. As part of the roles she has held, Rohaizan has led, developed and worked with multi-cultural teams and implemented strategic management and change initiatives improving business results, enhancing corporate culture and employee performance, and changing corporate perception.

Rohaizan began her career with Kontena Nasional Sdn Bhd after she graduated with a Bachelor of Science in Economics (Hons) from Aberystwyth University, Wales, United Kingdom. After completing her MBA at the Asian Institute of Management, Manila, Philippines, she joined Malaysian Kuwaiti Investment Company and was later recruited into Malaysia National Insurance Company Berhad. After a short stint at FACB Berhad, she began her management and strategy-consulting career after co-founding AKAR Consulting and subsequently R & R Partners.  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


ENCORP - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameENCORP BERHAD  
Stock Name ENCORP  
Date Announced13 Nov 2014  
CategoryGeneral Announcement
Reference NoEB-141113-51941

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionENCORP BERHAD (“Encorp” or “Company”)
Commencement of Arbitration Proceeding Against Lembah Penchala Sdn Bhd

The Board of Directors of Encorp wishes to announce that Encorp Construct Sdn Bhd (“ECSB”), a wholly-owned subsidiary of Encorp Construction & Infrastructure Sdn Bhd, which in turn is a wholly-owned subsidiary of Encorp, has on 13 November 2014, served a Notice of Arbitration on Lembah Penchala Sdn Bhd (“LPSB”) to refer the disputes and differences in relation to ECSB’s claims against LPSB to arbitration pursuant to the provisions of the Conditions of Contract.

LPSB is the employer who has awarded ECSB the construction and completion of main contract works for “Cadangan pembangunan 4 blok pangsapuri servis 13 tingkat (409 unit) dan 3 aras besmen tempat letak kereta berserta surau, gimnasium, spa dan sauna, dewan, kafe, mini market di atas Lot PT 1425, Jalan PJU 1A/20, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan” (“Contract”).

The arbitration proceeding is commenced against LPSB to seek, among others, the following relief:

1. General damages;

2. ECSB’s claims of RM68,672,466.38 arising from LPSB’s wrongful termination of the Contract;

3. Refund of proceeds from encashment of Performance Bond in the sum of RM9,042,500.00 or such other sum released by the bank;

4. Financing charges;

5. ECSB’s entitlement to extensions of time;

6. Costs.

The arbitration proceeding is not expected to have a material impact on the operational and financial position of Encorp Group for the financial year ending 31 December 2014.

None of the directors and/or major shareholders of Encorp and/or persons connected with them has any interest, direct or indirect in the aforesaid arbitration proceeding.

This announcement is dated 13 November 2014.


INNO - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Announcement Type: General Announcement
Company NameINNOPRISE PLANTATIONS BERHAD  
Stock Name INNO  
Date Announced13 Nov 2014  
CategoryGeneral Announcement
Reference NoCC-141110-59482

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionPRODUCTION FOR OCTOBER 2014

We are pleased to announce the production figures of the Group for October 2014 as follows:

PRODUCT

AMOUNT (Metric Tonnes)

FFB

11,037

This announcement is dated 13 November 2014.



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