November 18, 2014

Company announcements: SUPERMX, PERDANA, TOPGLOV, XIANLNG, YFG, PWORTH, SCOMI, PJBUMI, NIHSIN

SUPERMX - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameSUPERMAX CORPORATION BERHAD  
Stock Name SUPERMX  
Date Announced18 Nov 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCK-141118-397B1

Date of buy back from11/11/2014
Date of buy back to12/11/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)100,000
Minimum price paid for each share purchased ($$)2.170
Maximum price paid for each share purchased ($$)2.170
Total amount paid for shares purchased ($$)217,952.60
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)100,000
Total number of shares retained in treasury (units)3,100,000
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies18/11/2014
Lodged by Tricor Corporate Services Sdn Bhd


PERDANA - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePERDANA PETROLEUM BERHAD  
Stock Name PERDANA  
Date Announced18 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-141118-A3944

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak,
Peti Surat 11025,
50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)Ordinary shares of RM 0.50 each
Name & address of registered holderLembaga Tabung Haji
201, Jalan Tun Razak,
Peti Surat 11025,
50732 Kuala Lumpur

Asian Islamic Investment Management Sdn Bhd
Suite 10-03, 10th Floor, Menara Keck Seng
203, Jalan Bukit Bintang
55100, Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed10/11/2014
32,000
 
Disposed12/11/2014
80,000
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect and Indirect
Direct (units)62,224,400 
Direct (%)8.43 
Indirect/deemed interest (units)780,000 
Indirect/deemed interest (%)0.11 
Total no of securities after change63,004,400
Date of notice14/11/2014

Remarks :
The Form 29B was received by the company on 18 November 2014.


TOPGLOV - 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 NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced18 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTG-141113-2DC6D

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
for Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
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)
Disposed12/11/2014
111,800
 

Circumstances by reason of which change has occurredDisposal of shares by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board.
Nature of interestDirect Interest
Direct (units)39,253,973 
Direct (%)6.3243 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change39,253,973
Date of notice13/11/2014

Remarks :
The total number of 39,253,973 Ordinary Shares of RM0.50 each are held through the following holders:
1) 26,343,973 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board;
2) 1,500,000 Ordinary Shares are registered in the name of Employees Provident Fund Board;
3) 802,700 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (KIB);
4) 420,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (PHEIM);
5) 6,031,300 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (CIMB PRI);
6) 340,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (ARIM); and
7) 3,816,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (TEMPLETON).

Top Glove Corporation Bhd received the Form 29B on 17 November 2014.


TOPGLOV - 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 NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced18 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTG-141118-98125

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
for Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
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)
Acquired13/11/2014
137,800
 

Circumstances by reason of which change has occurredAcquisition of shares by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board.
Nature of interestDirect Interest
Direct (units)39,391,773 
Direct (%)6.3465 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change39,391,773
Date of notice14/11/2014

Remarks :
The total number of 39,391,773 Ordinary Shares of RM0.50 each are held through the following holders:
1) 26,481,773 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board;
2) 1,500,000 Ordinary Shares are registered in the name of Employees Provident Fund Board;
3) 802,700 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (KIB);
4) 420,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (PHEIM);
5) 6,031,300 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (CIMB PRI);
6) 340,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (ARIM); and
7) 3,816,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (TEMPLETON).

Top Glove Corporation Bhd received the Form 29B on 18 November 2014.


XIANLNG - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameXIAN LENG HOLDINGS BERHAD  
Stock Name XIANLNG  
Date Announced18 Nov 2014  
CategoryGeneral Announcement
Reference NoCJ-141117-63933

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionXIAN LENG HOLDINGS BERHAD ("XIANLNG" or "the Company")
- Writ Summons No. (22NCVC-54-06/2013) and Statement of Claim filed by Xian Leng Holdings Berhad

We refer to the Company's announcements made on 11 July 2013, 18 July 2013, 11 September 2013, 19 February 2014, 27 February 2014, 22 May 2014, 10 June 2014, 13 August 2014, 22 August 2014 and 19 September 2014 respectively.

Reference is drawn to the abovementioned suit which came up for trial on 17 November 2014, the Board of Directors wishes to inform that pursuant to the proposals letters issued by the Defendants dated 11 November 2014 and 12 November 2014, a consent order had been recorded before the Muar High Court Judge i.e. Dato’ Haji Zainal Azman Bin Abd. Aziz, wherein the terms of the said Consent Order are as follows:

  1. The 1st and 3rd Defendants pay jointly a sum of RM500,000.00 to the Plaintiff without admission to any liability whatsoever and not compensatory in nature;
  2. The said sum of RM500,000.00 must be fully paid by the 1st and 3rd Defendants to the Plaintiff on or before 1 December 2015 either by way of progressive payments or lump sum payment; 
  3. The Plaintiff withdraws the suit against the Defendants without any order as to costs and without liberty to file afresh.

The Board of Directors also wishes to inform that the following legal opinions were given by our legal adviser, Krish Maniam & Co. in their letter dated 13 November 2014: 

  1. The evidence is still has gaps which insufficient to complete the entire picture and present it before the court as a complete cause of action; 

  2. The trial and subsequent appeal processes may take years to complete. By the time the recovery process is to commence, the Defendants could have already become financial unstable and / or bankrupt. In addition, the 2nd Defendant’s health has deteriorated of late after suffering a stroke in September 2013; 

  3. There is a risk that at the end of the trial when assessment of damages is carried out, Company may not even be able to recover any significant amount of money;

  4. The Honourable Judge had from time to time reminded counsels for the Defendants and Plaintiff that the matter is resolve amicably as the Plaintiff Company is an on-going concern and ought to concentrate on restructuring and rebuilding itself.

After perusal through the legal opinion, majority of the Board member in the meeting held on 13 November 2014 agreed that the Company should take this opportunity of moving forward and concentrating on making the Company stronger and profitable, thus accept the proposal set out by the Defendants and record consent before the High Court Judge.

This announcement is dated 18 November 2014.

 


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

Announcement Type: General Announcement
Company NameYFG BERHAD  
Stock Name YFG  
Date Announced18 Nov 2014  
CategoryGeneral Announcement
Reference NoMI-141118-64170

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionYFG BERHAD (“YFG” OR THE “COMPANY”)

PROPOSED PRIVATE PLACEMENT

For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 11 November 2014 in relation to the Proposed Private Placement (“Announcement”).

On behalf of the Board of Directors of YFG, KAF Investment Bank Berhad wishes to provide additional information on the proposed utilisation of the proceeds to be raised from the Proposed Private Placement as set out in Section 2.6 of the Announcement.

The proceeds allocated for the YFG Group’s working capital requirements comprise, amongst others, the payment to trade creditors and administrative expenses such as office operating expenses, payroll expenses as well as professional fees, including but not limited to auditors’ and secretarial fees.

This announcement is dated 18 November 2014.



PWORTH - Annual Audited Accounts - 30 June 2014 (Amended Announcement)

Announcement Type: PDF Submission
Company NamePRICEWORTH INTERNATIONAL BERHAD  
Stock Name PWORTH  
Date Announced18 Nov 2014  
CategoryPDF Submission
Reference NoCC-141118-45387

SubjectAnnual Audited Accounts - 30 June 2014


SCOMI - OTHERS Scomi Group Bhd ("SCOMI" or the "Company") - Striking off of KMC All Star Chemical Sdn Bhd (“KMCAS”) from the Register of Companies Commission of Malaysia (“CCM”) (the “Register”) pursuant to Section 308 of the Companies Act, 1965

Announcement Type: General Announcement
Company NameSCOMI GROUP BERHAD  
Stock Name SCOMI  
Date Announced18 Nov 2014  
CategoryGeneral Announcement
Reference NoSG-141118-C55C6

TypeAnnouncement
SubjectOTHERS
DescriptionScomi Group Bhd ("SCOMI" or the "Company")
- Striking off of KMC All Star Chemical Sdn Bhd (“KMCAS”) from the Register of Companies Commission of Malaysia (“CCM”) (the “Register”) pursuant to Section 308 of the Companies Act, 1965

The Board of Directors of SCOMI wishes to announce that following an application made to the CCM for the striking-off of KMCAS, a 51% owned subsidiary of Scomi Oiltools Bermuda Limited, which is in turn a wholly-owned subsidiary of SCOMI, KMCAS had on 17 November 2014 been struck off from the Register pursuant to Section 308 of the Companies Act, 1965.

The final notice of the striking off issued by CCM to KMCAS dated 17 November 2014 was published in the CCM’s website on 17 November 2014.

KMCAS had ceased its operation in 1998 and the aforementioned striking off is part of the cost rationalisation efforts of the Company. The striking off of KMCAS from the Register will not have any material financial and operational impact effect on the net assets and earnings of SCOMI for the financial year ending 31 March 2015.

This announcement is dated 18 November 2014.



PJBUMI - Change in Boardroom

Announcement Type: Change in Boardroom
Company NamePJBUMI BERHAD  
Stock Name PJBUMI  
Date Announced18 Nov 2014  
CategoryChange in Boardroom
Reference NoCC-141110-37042

Date of change18/11/2014
NameADLIN BIN SHAHARUDIN
Age41
NationalityMALAYSIAN
Type of changeAppointment
DesignationManaging Director
DirectorateExecutive
QualificationsBachelor of Accountancy, University of Malaya (1996/1997) 
Working experience and occupation He joined KPMG Peat Marwick (Malaysia) as a Senior Auditor in 1997. In 2000, he joined KPMG Corporate Services – Corporate Finance (Malaysia) as a Senior Consultant until 2003. He joined K & N Kenanga Berhad (presently known as Kenanga Investment Bank Berhad) and was appointed as Director, Head of Origination, Debt Capital Market until 2005. Currently, he holds a position as Managing Director in CMA i Capital Sdn Bhd.  
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 


NIHSIN - OTHERS (Amended Announcement)

Announcement Type: General Announcement
Company NameNI HSIN RESOURCES BERHAD  
Stock Name NIHSIN  
Date Announced18 Nov 2014  
CategoryGeneral Announcement
Reference NoCC-141118-64311

TypeAnnouncement
SubjectOTHERS
DescriptionNI HSIN RESOURCES BERHAD (“Ni Hsin” or “the Company”) ACQUISITION OF 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF INOCO RESOURCES SDN BHD

Introduction

The Board of Directors of Ni Hsin wishes to announce that the Company had on 14 November 2014, acquired 2 ordinary shares of RM1.00 each, representing 100% of the issued and paid-up share capital of Inoco Resources Sdn Bhd ("IRSB") from Datin Ida Suzaini Binti Abdullah and Chen Shien Yee, for a total cash consideration of Ringgit Malaysia Two (RM2.00) ("Acquisition"). Subsequent to the Acquisition, IRSB becomes a wholly-owned subsidiary of Ni Hsin.

Information on IRSB

IRSB was incorporated on 12 November 2014 in Malaysia under the Companies Act, 1965.

The authorised share capital of IRSB is RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each and the issued and paid-up share capital is RM2.00 divided into 2 ordinary shares of RM1.00 each.

The intended business activity of IRSB is oil and gas exploration and production.

Rationale for the Acquisition

The Acquisition will enable Ni Hsin to venture into the oil and gas industry.

Directors' and/or Major Shareholders' Interests

Save for Datin Ida Suzaini Binti Abdullah and Mr Chen Shien Yee who have interests in the Acquisition, none of the Directors and/or major shareholders of Ni Hsin and/or persons connected with them have any interests, direct or indirect, in the Acquisition.

Financial Effects

The Acquisition will not have any material effect on the earnings per share and net assets per share of Ni Hsin for the financial year ending 31 December 2014.

The Acquisition will not have any effect on the share capital, gearing and substantial shareholders’ shareholdings of Ni Hsin.

This announcement is dated 18 November 2014.



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