MEGB - OTHERS MASTERSKILL EDUCATION GROUP BERHAD ("MEGB" OR "THE COMPANY") PROPOSED DISPOSAL BY MASTERSKILL (M) SDN BHD (“MS”), THE WHOLLY OWNED SUBSIDARY OF MEGB OF ITS OPERATING PROPERTY ASSETS IN CHERAS, KOTA KINABALU, KUCHING AND PASIR GUDANG (COLLECTIVELY REFERRED TO AS "PROPERTIES 1") TO SIVA KUMAR A/L M. JEYAPALAN OR HIS NOMINATED COMPANY (“SK”) FOR A SALE CONSIDERATION OF APPROXIMATELY RM75.00 MILLION SUBJECT TO INDEPENDENT VALUATION ("PROPOSED DISPOSAL 1") TO BE PAID IN CASH; PROPOSED LEASEBACK BY MS OF OPERATING PROPERTIES FROM SK FOR A PERIOD OF TEN (10) YEARS FROM THE COMPLETION DATE, EXTENDABLE AT MEGB'S OPTION FOR A FURTHER PERIOD OF FIVE (5) YEARS ("PROPOSED LEASEBACK"); PROPOSED DISPOSAL BY MS ITS NON OPERATING PROPERTY ASSETS IN PETALING JAYA, KOTA KINABALU AND KOTA BHARU (COLLECTIVELY REFERRED TO AS "PROPERTIES 2") ("PROPOSED DISPOSAL 2") TO BE SETTLED IN CASH; AND PROPOSED EMPLOYEES’ SHARE OPTION SCHEME TO EMPLOYEES AND EXECUTIVE DIRECTORS OF UP TO 10% OF THE PAID UP CAPITAL ("ESOS")
| Company Name | MASTERSKILL EDUCATION GROUP BERHAD |
| Stock Name | MEGB |
| Date Announced | 6 Nov 2014 |
| Category | General Announcement |
| Reference No | CM-141106-57098 |
| Type | Announcement | |||||||||
| Subject | OTHERS | |||||||||
| Description | MASTERSKILL EDUCATION GROUP BERHAD ("MEGB" OR "THE COMPANY") PROPOSED DISPOSAL BY MASTERSKILL (M) SDN BHD (“MS”), THE WHOLLY OWNED SUBSIDARY OF MEGB OF ITS OPERATING PROPERTY ASSETS IN CHERAS, KOTA KINABALU, KUCHING AND PASIR GUDANG (COLLECTIVELY REFERRED TO AS "PROPERTIES 1") TO SIVA KUMAR A/L M. JEYAPALAN OR HIS NOMINATED COMPANY (“SK”) FOR A SALE CONSIDERATION OF APPROXIMATELY RM75.00 MILLION SUBJECT TO INDEPENDENT VALUATION ("PROPOSED DISPOSAL 1") TO BE PAID IN CASH; PROPOSED LEASEBACK BY MS OF OPERATING PROPERTIES FROM SK FOR A PERIOD OF TEN (10) YEARS FROM THE COMPLETION DATE, EXTENDABLE AT MEGB'S OPTION FOR A FURTHER PERIOD OF FIVE (5) YEARS ("PROPOSED LEASEBACK"); PROPOSED DISPOSAL BY MS ITS NON OPERATING PROPERTY ASSETS IN PETALING JAYA, KOTA KINABALU AND KOTA BHARU (COLLECTIVELY REFERRED TO AS "PROPERTIES 2") ("PROPOSED DISPOSAL 2") TO BE SETTLED IN CASH; AND PROPOSED EMPLOYEES’ SHARE OPTION SCHEME TO EMPLOYEES AND EXECUTIVE DIRECTORS OF UP TO 10% OF THE PAID UP CAPITAL ("ESOS") | |||||||||
The Board of Directors ("the Board") of the MEGB wishes to announce that the Board had considered and approved an asset light strategy involving the sale and leaseback of properties of the Group and ESOS as described in Annexure A. The Board had considered an indicative offer from Mr. Siva Kumar A/L M. Jeyapalan, the Executive Chairman and Major Shareholder of the Company who had disclosed the Proposed Disposal 1 and Proposed Leaseback as attached in Annexure A and had accepted the said offer subject to independent valuation and the shareholders’ approval. (hereinafter collectively called "the Proposed Corporate Exercise"). The Board further wishes to announce that an independent valuer, principal and independent advisers will be appointed for the Proposed Corporate Exercise. The other proposal considered by the Board as stated in Annexure A is Proposed Disposal 2 would also be subjected to shareholder’s approval, if required. The above are subject to the formalisation of the respective definitive agreements and further announcements would be made to Bursa Malaysia Securities Berhad pursuant to Chapter 10 of the Main Market Listing Requirements upon the execution of the relevant agreements. Director’s and major shareholder’s interest Mr. Siva Kumar A/L M. Jeyapalan is the Executive Chairman and Major Shareholder of the Company. Hence, he is deemed interested in the said Proposed Disposal 1 and Proposed Leaseback stated. He has abstained and will continue to abstain from all Board and shareholders’ deliberations in respect of the said relevant proposals. The interested director and interested major
shareholder's direct shareholdings in MEGB as at 6 November 2014 is as set out in the table
below.
Save as disclosed no other Directors and/or Major Shareholders of MEGB and/or persons connected with him has any interest, whether directly or indirectly, in Proposed Disposal 1 and 2 and Proposed Leaseback. This announcement is dated 6 November 2014. | ||||||||||
Name
EITA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
| Company Name | EITA RESOURCES BERHAD |
| Stock Name | EITA |
| Date Announced | 6 Nov 2014 |
| Category | General Announcement |
| Reference No | CM-141106-34DB8 |
| Type | Announcement | ||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | ||||||||||
| Description | We wish to announce that the Company has received notification from a Director of the Company, Mr. Lim Joo Swee, of his intention to deal in the securities of the Company during the closed period. Mr. Lim Joo Swee’s direct and indirect shareholdings in the Company as at 6 November 2014 are as set out in the table hereunder. This announcement is dated 6 November 2014. | ||||||||||
* Deemed interested by virtue of the shares held by my spouse, Madam Goh Kin Bee and both my and my spouse’s shareholdings in Jasa Simbolik Sdn. Bhd. pursuant to Section 6A of the Companies Act, 1965. | |||||||||||
SUNWAY - Notice of Shares Buy Back - Immediate Announcement
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 6 Nov 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | SS-141106-5AE86 |
PARKSON - OTHERS Incorporation of a wholly-owned Subsidiary
| Company Name | PARKSON HOLDINGS BERHAD |
| Stock Name | PARKSON |
| Date Announced | 6 Nov 2014 |
| Category | General Announcement |
| Reference No | PH-141106-64361 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Incorporation of a wholly-owned Subsidiary |
The Board of Directors of Parkson Holdings Berhad (the “Company”) wishes to announce that Parkson Branding Sdn Bhd, a wholly-owned subsidiary of the Company, had on 6 November 2014 incorporated a wholly-owned subsidiary in Labuan, Parkson Branding (L) Limited (“Parkson Branding (L)”) with an issued and paid-up capital of USD1.00 comprising 1 ordinary share. Parkson Branding (L) will be principally involved in trading and marketing of fashionable goods. The incorporation of Parkson Branding (L) does not have a material impact on the earnings of the Group for the financial year ending 30 June 2015 and the net assets of the Group based on the audited consolidated statement of financial position as at 30 June 2014. | |
LBS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | LBS BINA GROUP BERHAD |
| Stock Name | LBS |
| Date Announced | 6 Nov 2014 |
| Category | General Announcement |
| Reference No | LB-141106-8E734 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | LETTER OF AWARD TOTALLING RM35.9 MILLION TO VINTAGE TILES INDUSTRIES SDN. BHD., A SUBSIDIARY OF ML GLOBAL BERHAD (FORMERLY KNOWN AS VTI VINTAGE BERHAD) IN RELATION TO BUILDING AND INFRASTRUCTURE WORKS |
1. Introduction
The Board of LBS
Bina Group Berhad (“LBGB” or “Company”) wishes to inform that its indirect wholly-owned
subsidiary, Inderaloka Impian Sdn Bhd (“IISB”) has on 6 November 2014 awarded contract
on building and infrastructure works for the commercial development project comprising
121 units of shop office known as Sinaran Mahkota on Lot 131596, Bandar Indera
Mahkota, Mukim Kuala Kuantan, Daerah Kuantan, Pahang Darul Makmur (“Contract”) to
Vintage Tiles Industries Sdn Bhd of 3A-A, 4th Floor, Wisma 1 Alliance,
No. 1, Lorong Kasawari 4B, Taman Eng Ann, 41150 Klang, Selangor Darul Ehsan
(“VTISB”) for a total contract sum of RM35,901,144.00 (Ringgit Malaysia Thirty
Five Million Nine Hundred and One Thousand One Hundred and Forty Four) only
subject to the terms and conditions as stipulated in the Letter of Award dated 6
November 2014 (hereinafter referred to as “Award/Contract”).
2. Information on IISB
IISB was incorporated in Malaysia on 6 July
1985 as a private limited company and is having its authorized share capital of
RM500,000.00 divided into 500,000 ordinary shares of RM1.00 each of which 250,000
ordinary shares have been issued and fully paid-up.
IISB, an indirect wholly-owned subsidiary of the
Company, is principally engaged in property development.
3. Information on VTISB
VTISB, a private limited company incorporated in Malaysia on 2 December 1995 and currently is having its issued and paid-up of RM150,000,000.00 comprising 150,000,000 ordinary shares of RM1.00 each. VTISB is a wholly-owned subsidiary of ML Global Berhad (formerly known as VTI Vintage Berhad) (“ML Global”), which in turn is an associate company of LBGB. The principle activities of VTISB is manufacturing and trading of roof tiles and construction works.
4. Salient terms of the Award The salient terms of the Award are as follows:-
a. The Contract is a fixed price contract with
no provision for price fluctuation. b. The duration of Contract is 18 months from 7
November 2014. c. The Defects Liability Period shall be
twenty four (24) months from the Date of Practical Completion. d. The Liquidated Damages for delay in
completion of the works under the Contract shall be imposed at a rate of
RM3,000.00 per calendar day. e. VTISB shall provide IISB Performance Bond
equivalent to five (5%) percent of Contract sum and insurance policy with coverage
for the whole Contract duration including 24 months defect liability period.
5. Rationale for the Award
After due consideration, through the tender process, the Award was granted to VTISB in view of its lowest price offered and its experience and resources to
undertake the project.
6. Financial Effects
(a) Issued
and Paid-up Capital and Substantial Shareholders’ Shareholdings The Contract will
not have any effect on the issued and paid-up share capital of the Company as
well as its substantial shareholder and their shareholdings.
(b) Net
Assets (“NA”), Gearing and Earnings The Contract is not
expected to have any material impact on the NA, Gearing and Earnings of the
Group for the financial year ending 31 December 2014.
7. Directors’ and Substantial Shareholders’
Interest
Dato’ Sri Lim Hock San, JP and Datuk Wira Lim Hock
Guan, JP who are respectively Managing Director and Executive Director of LBGB and
Major Shareholders of LBGB, are also Non-Executive Directors and Major
Shareholders of ML Global.
Mr. Lim Kim Hoe who is the Son of Dato’ Sri Lim Hock
San, JP is also an Executive Director of ML Global.
Accordingly, Dato’ Sri Lim Hock San, JP and Datuk Wira
Lim Hock Guan, JP have
abstained and will continue to abstain from all deliberations and voting in
respect of the Award.
Save as disclosed above, none of the Directors or
substantial shareholders of LBGB or persons connected with them has any
interest, direct or indirect, in the Award.
8. Approval Required and Percentage Ratio Applicable
The Award is not
subject to the approval of LBGB’s shareholders. However, it is subject to, inter alia, all Addendum issued, Form of
Tender and the PAM Agreement of Building Contract Edition 2006 (Private Edition
With Quantities).
The highest
percentage ratio pursuant to paragraph 10.02(g) of the Main Market Listing
Requirements (“LR”) of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) for
this Award is 4.1%. This
announcement is made pursuant to Paragraph 10.08 of the LR of Bursa Malaysia.
9. Statement by Directors
After having considered all aspects of the Contract,
the Board of Directors of LBGB (save for Dato’ Sri Lim Hock San, JP and Datuk
Wira Lim Hock Guan JP) is of the opinion that the Award is fair, reasonable and
in the best interest of LBGB Group.
10. Documents Available for Inspection Copy of the Letter of Award is available for
inspection at the Registered Office of LBGB at Plaza Seri Setia, Level 1-4, No.
1, Jalan SS9/2, 47300 Petaling Jaya, Selangor during normal office hour from
Monday to Friday (except for public holidays) for a period of three (3) months
from the date of this announcement.
This announcement
is dated 6 November 2014. | |
PETGAS - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 6 Nov 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PG-141106-7E12F |
Particulars of substantial Securities Holder
| Name | EMPLOYEES PROVIDENT FUND BOARD |
| Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Share of RM1.00/share |
| Name & address of registered holder | CITIGROUP NOMINEES (TEMPATAN) SDN BHD Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 03/11/2014 | 461,800 |
| Remarks : |
| The direct interest of 241,033,500 shares comprising: a) 231,998,800 shares held by Citigroup Nominees(Tempatan) Sdn. Bhd; b) 1,497,600 shares held EPF Board; c) 155,500 shares held by Employees Provident Fund Board (KIB); d) 129,200 shares held by Employees Provident Fund Board (RHB INV); e) 1,022,100 shares held by Employees Provident Fund Board (AM INV); f) 5,805,300 shares held by Employees Provident Fund Board (NOMURA); g) 425,000 shares held by Employees Provident Fund Board (ARIM); Received Form 29B on 6 November 2014 |
PETGAS - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN DIPERBADANKAN
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 6 Nov 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PG-141106-9CB5B |
Particulars of substantial Securities Holder
| Name | KUMPULAN WANG PERSARAAN DIPERBADANKAN |
| Address | Aras 4, 5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | KWAPACT6622007 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Share of RM1.00/share |
| Name & address of registered holder | Kumpulan Wang Persaraan (Diperbadankan) Aras 4, 5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 31/10/2014 | 200,000 |
| Remarks : |
| Received Form 29B on 6 November 2014 |
UNIMECH - Notice of Shares Buy Back - Immediate Announcement
| Company Name | UNIMECH GROUP BERHAD |
| Stock Name | UNIMECH |
| Date Announced | 6 Nov 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | UG-141106-64164 |
| Remarks : |
| The total amount paid for the shares purchased is inclusive of brokerage, clearing house fee and stamp duty. |
NICE - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
| Company Name | NICHE CAPITAL EMAS HOLDINGS BERHAD |
| Stock Name | NICE |
| Date Announced | 6 Nov 2014 |
| Category | General Announcement |
| Reference No | CC-141105-6715F |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | Monthly Announcement On The Status Of Default In Payments Pursuant To Practice Note 1 (“PN1”) Of The Main Market Listing Requirements (“MMLR”) Of Bursa Malaysia Securities Berhad |
Further to the announcement on 7 October 2014, the Board of Directors of the Company wishes to announce that there has been no material development on the Default status as previously announced. This announcement is dated 6 November 2014. | |
MINETEC - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
| Company Name | MINETECH RESOURCES BERHAD |
| Stock Name | MINETEC |
| Date Announced | 6 Nov 2014 |
| Category | General Announcement |
| Reference No | OS-141106-53574 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | MINETECH RESOURCES BERHAD (“MRB” OR THE “COMPANY”) RENOUNCEABLE RIGHTS ISSUE OF UP TO 332,689,500 NEW ORDINARY SHARES OF RM0.15 EACH IN 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”) |
We refer to our announcements dated 18 June 2014, 23 June 2014, 8 July 2014, 14 July 2014, 16 July 2014, 7 August 2014 and 24 October 2014 in relation to, amongst others, the Rights Issue of Shares with Warrants (“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 the abridged prospectus in relation to the Rights Issue of Shares with Warrants, together with the notice of provisional allotment and rights subscription form, have been duly registered with the Securities Commission Malaysia and lodged with the Registrar of Companies on 5 November 2014 and 6 November 2014, respectively. This announcement is dated 6 November 2014. | |
No comments:
Post a Comment