November 12, 2014

Company announcements: NEXGRAM, PRTASCO, WASEONG, MEGB, CENSOF, TOPGLOV, OKA, IRETEX, RUBEREX

NEXGRAM - Changes in Sub. S-hldr's Int. (29B) - Tey Por Yee

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameNEXGRAM HOLDINGS BERHAD (ACE Market) 
Stock Name NEXGRAM  
Date Announced12 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-141112-55899

Particulars of substantial Securities Holder

NameTey Por Yee
AddressBlok S1-10-22, P/Puri Sutramas, Persiaran Puchong Jaya Selatan, Bandar Puchong Jaya, 47100 Puchong, Selangor Darul Ehsan.
NRIC/Passport No/Company No.760202-14-5147
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderRHB Capital Nominees (Tempatan) Sdn. Bhd.
- 10th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed11/11/2014
13,750,000
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect Interest
Direct (units)282,084,165 
Direct (%)14.98 
Indirect/deemed interest (units)160,060,000 
Indirect/deemed interest (%)8.5 
Total no of securities after change442,144,165
Date of notice12/11/2014

Remarks :
Overall Interests after change:

Direct Interest: 282,084,165
- Tey Por Yee – 82,240,833
- JF Apex Nominees (Tempatan) Sdn. Bhd. – 27,826,666
- Kenanga Nominees (Tempatan) Sdn. Bhd. – 83,066,666
- AIBB Nominees (Tempatan) Sdn. Bhd. – 25,000,000
- AllianceGroup Nominees (Tempatan) Sdn. Bhd. – 15,000,000
- RHB Capital Nominees (Tempatan) Sdn. Bhd. – 48,950,000

Indirect Interest: 160,060,000
- Deemed interest by virtue of his direct interest of more than 15% in Smart Tower Sdn. Bhd.

The disposal of 13,750,000 ordinary shares represent 0.73% of the total issued paid-up capital of the Company.

The above announcement is also made to comply with Rule 14.09 of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements.


PRTASCO - Changes in Sub. S-hldr's Int. (29B) - Dato' Sri Chong Ket Pen

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePROTASCO BERHAD  
Stock Name PRTASCO  
Date Announced12 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-141112-9BD59

Particulars of substantial Securities Holder

NameDato’ Sri Chong Ket Pen
AddressNo. 2, Jalan Bukit Seputeh
Seputeh Heights
58100 Kuala Lumpur
NRIC/Passport No/Company No.540714-04-5081
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderDato’ Sri Chong Ket Pen
No. 2, Jalan Bukit Seputeh
Seputeh Heights
58100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired12/11/2014
1,280,000
1.925 

Circumstances by reason of which change has occurredAcquisition
Nature of interestDirect
Direct (units)42,354,642 
Direct (%)12.63 
Indirect/deemed interest (units)30,132,650 
Indirect/deemed interest (%)8.98 
Total no of securities after change72,487,292
Date of notice12/11/2014


PRTASCO - Changes in Director's Interest (S135) - Dato' Sri Chong Ket Pen

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePROTASCO BERHAD  
Stock Name PRTASCO  
Date Announced12 Nov 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCA-141112-8184E

Information Compiled By KLSE

Particulars of Director

NameDato’ Sri Chong Ket Pen
AddressNo. 2, Jalan Bukit Seputeh
Seputeh Heights
58100 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary Shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
12/11/2014
1,280,000
1.925 

Circumstances by reason of which change has occurredAcquisition
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)42,354,642 
Direct (%)12.63 
Indirect/deemed interest (units)32,039,650 
Indirect/deemed interest (%)9.56 
Date of notice12/11/2014


WASEONG - OTHERS WAH SEONG CORPORATION BERHAD - JOINT VENTURE AGREEMENT BETWEEN STH SRI BULATAN SDN BHD, STELLAR MARKETING SDN BHD, THE INDIRECT WHOLLY-OWNED SUBSIDIARIES OF WAH SEONG CORPORATION BERHAD AND ING VEASNA

Announcement Type: General Announcement
Company NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG  
Date Announced12 Nov 2014  
CategoryGeneral Announcement
Reference NoWS-141112-44273

TypeAnnouncement
SubjectOTHERS
DescriptionWAH SEONG CORPORATION BERHAD
- JOINT VENTURE AGREEMENT BETWEEN STH SRI BULATAN SDN BHD, STELLAR MARKETING SDN BHD, THE INDIRECT WHOLLY-OWNED SUBSIDIARIES OF WAH SEONG CORPORATION BERHAD AND ING VEASNA

Please refer to the attachment for details of the announcement.



MEGB - MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”) - Reply to query in relation to:- Proposed disposal by Masterskill (M) Sdn Bhd (“MS”), the wholly owned subsidiary of MEGB of its operating property assets in Cheras, Kota Kinabalu, Kuching and Pasir Gudang (“Properties 1”) to Siva Kumar A/L M. Jeyapalan or his nominated company for a sale consideration of approximately RM75 million subject to independent valuation (“Proposed Disposal 1”) to be paid in cash; Proposed disposal by MS its non operating assets in Petaling Jaya, Kota Kinabalu and Kota Bharu (“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 (“Proposed ESOS").

Announcement Type: General Announcement
Company NameMASTERSKILL EDUCATION GROUP BERHAD  
Stock Name MEGB  
Date Announced12 Nov 2014  
CategoryGeneral Announcement
Reference NoCM-141112-43429

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDZO-141111-52477
SubjectMASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”)
- Reply to query in relation to:-

Proposed disposal by Masterskill (M) Sdn Bhd (“MS”), the wholly owned subsidiary of MEGB of its operating property assets in Cheras, Kota Kinabalu, Kuching and Pasir Gudang (“Properties 1”) to Siva Kumar A/L M. Jeyapalan or his nominated company for a sale consideration of approximately RM75 million subject to independent valuation (“Proposed Disposal 1”) to be paid in cash;

Proposed disposal by MS its non operating assets in Petaling Jaya, Kota Kinabalu and Kota Bharu (“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 (“Proposed ESOS").
DescriptionReference is made to the query letter from Bursa Malaysia Securities Berhad dated 11 November 2014 in respect of the Company’s announcement dated 6 November 2014 in relation to the Proposed Disposal 1, Proposed Disposal 2 and Proposed ESOS. The Company hereby furnishes the additional information for public release.

Please refer to the attachment for further details.

This announcement is dated 12 November 2014.
Query Letter Contents We refer to your Company's announcement dated 6 November 2014 in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. The basis of arriving at the consideration of Proposed Disposal 1, other
than on a "willing buyer willing seller" basis. If it was based on net assets,
the year the net assets were taken into consideration, quantifying the net
assets and stating whether it was based on audited financial statements and the
justification for the consideration.
2. The net book value of Properties 1 and Properties 2 based on the latest
audited account of MEGB.
3. In the case on Proposed Disposal 1, the expected gains or losses to the
group.
4. The particulars of all liabilities to be assumed by the purchaser arising
from the Proposed Disposal 1.
5. The original cost of investment and the date of such investment in
Properties 1 and Properties 2.
6. The rationale for the Proposed Disposal 1, Proposed Disposal 2 and
proposed leaseback including any benefiit which is expected to acrue to MEGB as
a result of the transactions.
7. In respect of Properties 1 and Properties 2, to incorporate information
as per Appendix 10A, Part C of the Main Market Listing Requirements.
8. In respect of the Proposed ESOS, to incorporate information as per
Appendix 6A, Part A of the Main Market Listing Requirements.
9. To state the impact of the independent valuation on the final sale
consideration.
10. The risks in relation to the proposals

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

Yours faithfully



SUZALINA HARUN
Senior Vice President, Issuers
Listing Division
Regulation

ZO

copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)

 



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

Announcement Type: General Announcement
Company NameCENSOF HOLDINGS BERHAD  
Stock Name CENSOF  
Date Announced12 Nov 2014  
CategoryGeneral Announcement
Reference NoMB-141111-56574

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionCENSOF HOLDINGS BERHAD (“CENSOF” OR THE “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CENSOF (“PROPOSED PRIVATE PLACEMENT”)

On behalf of the Board of Directors of Censof (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Company is proposing to undertake a private placement of new ordinary shares of RM0.10 each in Censof (“Censof Share(s)” or “Share(s)”) ("Placement Shares") of up to ten percent (10%) of the issued and paid-up share capital of Censof to third party investor(s) to be identified and at an issue price to be determined later and in accordance with Section 132D of the Companies Act, 1965 (“Act”)(“Proposed Private Placement”).

Further details of the Proposed Private Placement are set out in the attachment below.

This announcement is dated 12 November 2014.



TOPGLOV - TOPGLOV - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced12 Nov 2014  
CategoryListing Circular
Reference NoRN-141112-27161

LISTING'S CIRCULAR NO. L/Q : 71879 OF 2014


    Single Tier Final Dividend of 9 sen per share.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 12 January 2015 ]

    2) The last date of lodgement : [ 14 January 2015 ]

    3) Date Payable : [ 29 January 2015 ]


OKA - OKA - NOTICE OF BONUS ENTITLEMENT

Announcement Type: Listing Circular
Company NameOKA CORPORATION BHD  
Stock Name OKA  
Date Announced12 Nov 2014  
CategoryListing Circular
Reference NoRN-141111-31519

LISTING'S CIRCULAR NO. L/Q : 71877 OF 2014


    Bonus issue of 30,456,500 new ordinary shares of RM0.50 each in OKA Corporation Bhd. (“OKA”) (“Bonus Share(s)”) on the basis of one Bonus Share for every four (4) existing ordinary shares of RM0.50 each in OKA.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ]
    as from : [ 20 November 2014 ]

    2) The last date of lodgement : [ 24 November 2014 ]

    3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

    a) Selling Broker to deduct [ 1/5 ] , of the Selling Price against the Selling Client.

    b) Buying Broker to deduct [ 20% ] of the Purchase Price against the Buying Client.

    c) Between Broker and Broker, the deduction of [ 1/5 ] of the Transacted Price is applicable.

    Remarks) "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 25 November 2014 with Bonus issue of OKA shares of RM0.50 each, any shareholder who is entitled to receive OKA Bonus issue shares, may sell any or all of his OKA shares arising from the Bonus issue beginning the Ex-Date
    ( 20 November 2014 ).

    For example, if Mr X purchases 400 OKA shares on cum basis on 19 November 2014, Mr X should receive 400 shares on 24 November 2014. As a result of the Bonus issue,
    a total of 500 OKA shares will be credited into Mr X's CDS account on the night of 24 November 2014 being the Book Closing Date. Therefore, Mr X can sell the Bonus issue shares of 500 on or after the Ex-Date ie from 20 November 2014 onwards.


IRETEX - OTHERS IRE-TEX CORPORATION BERHAD PROPOSED CHANGE OF EXTERNAL AUDITORS

Announcement Type: General Announcement
Company NameIRE-TEX CORPORATION BERHAD  
Stock Name IRETEX  
Date Announced12 Nov 2014  
CategoryGeneral Announcement
Reference NoCC-141112-60162

TypeAnnouncement
SubjectOTHERS
DescriptionIRE-TEX CORPORATION BERHAD
PROPOSED CHANGE OF EXTERNAL AUDITORS

The Board of Directors of Ire-Tex Corporation Berhad (“the Board or Company”) wishes to announce that the Company had today received from the auditors, Messrs Grant Thornton (“GT”) notice in writing dated 11 November 2014 which was addressed to the Company, of their intention to resign as the auditors of the Company.

GT is of the view that the appointment of Dr Lai Chee Chuen, a former Senior Executive Director and Head of Advisory of Grant Thornton Consulting Sdn Bhd, to the Board on 4th November 2014 is subject to Section 290.140 of the MIA By-Laws, whereby an individual who was the firm’s Senior or Managing Partner (Chief Executive or equivalent) joins a public interest entity as an executive director, independence would deemed to be compromised unless two years have passed since the individual was a Senior or Managing Partner (Chief Executive of equivalent) of the firm.

GT’s resignation will take effect upon the appointment of new auditors pursuant to Section 172(15) of the Companies Act, 1965.

Pursuant to the said resignation, the Company had today received a letter from Tey Por Yee, a substantial shareholder of the Company, nominating Messrs UHY as new auditors in place of the resigning auditors subject to the approval of shareholders at an Extraordinary General Meeting to be convened in due course.

This announcement is dated 12 November 2014.



RUBEREX - RUBEREX - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NameRUBBEREX CORPORATION (M) BERHAD  
Stock Name RUBEREX  
Date Announced12 Nov 2014  
CategoryListing Circular
Reference NoRN-141111-37776

LISTING'S CIRCULAR NO. L/Q : 71878 OF 2014


    Second Interim Tax-exempt Dividend of 2.0 sen per ordinary share of RM0.50 each.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 3 December 2014 ]

    2) The last date of lodgement : [ 5 December 2014 ]

    3) Date Payable : [ 19 December 2014 ]


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