December 26, 2014

Company announcements: AEM, YEN, KAWAN

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

Announcement Type: General Announcement
Company NameAE MULTI HOLDINGS BERHAD  
Stock Name AEM  
Date Announced26 Dec 2014  
CategoryGeneral Announcement
Reference NoOS-141223-51291

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionAE MULTI HOLDINGS BERHAD (“AEM” OR “COMPANY”)

• RIGHTS ISSUE WITH WARRANTS

(All abbreviations used in this announcement are defined in the announcement dated 17 December 2014)

 

We refer to the earlier announcements in relation to the Rights Issue with Warrants.

 

On behalf of the Board of Directors of AEM, M&A Securities Sdn Bhd wishes to announce that the Rights Issue with Warrants is deemed completed following the listing of and quotation for the following securities on the Main Market of Bursa Securities on 26 December 2014:

 

(i) 87,850,254 Rights Shares issued pursuant to the Rights Issue with Warrants; and

 

(ii) 65,887,748 Warrants issued pursuant to the Rights Issue with Warrants.

 

This announcement is dated 26 December 2014.



YEN - OTHERS Yen Global Berhad ("Yen" or "the Company") Share Sale Agreement between Yen Global Berhad and Dato’ Leow Soo Tat (the “Purchaser”)

Announcement Type: General Announcement
Company NameYEN GLOBAL BERHAD  
Stock Name YEN  
Date Announced26 Dec 2014  
CategoryGeneral Announcement
Reference NoCC-141226-9D2C3

TypeAnnouncement
SubjectOTHERS
DescriptionYen Global Berhad ("Yen" or "the Company")

Share Sale Agreement between Yen Global Berhad and Dato’ Leow Soo Tat (the “Purchaser”)

 

(Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcement dated 23 December 2014.)

 

 

Further to our announcement dated 23rd December 2014 on the disposal of Starix Collection Sdn Bhd (‘Starix”) by Yen, the Company would like to make the following additional information on the following paragraphs as it appears in the first announcement.

 

 

4.

BASIS OF ARRIVING AT THE CONSIDERATION

 

 

 

The Consideration of RM300,000 was arrived at on a willing-buyer-willing seller basis. Starix has negative shareholders’ funds and based on its audited accounts as at 31st July 2014, the portion attributable to Yen’s shareholding of 750,000 shares is RM1.1 million. Based on Yen’s shareholding of 750,000 shares in the share capital of Starix, this translates to negative asset per share of RM1.47. The Board is of the opinion that the Consideration is fair and reasonable as Starix is in a negative asset position.

 

6.

RATIONALE FOR THE PROPOSED DISPOSAL 

 

 

 

 

 

We regret the typo error in the earlier announcement; amendments and clarifications to this paragraph are as follows:

 

Starix has been making losses for a number of years and has not been contributing to the Company in the last few years and the Proposed Disposal will allow Yen to redirect its resources to its core business. The Board sees this as an opportunity to cut off its exposure to the losses incurred in its overseas operations that would otherwise be a liability to the Yen Group in future. Starix distributes apparel in United Kingdom which is presently facing poor market conditions and the management foresees further losses from Starix in the foreseeable future if it continues to operate in its present business condition.

 

 

 

8.

FINANCIAL EFFECTS OF THE PROPOSED DISPOSAL

 

 

(d)

Gain/Loss arising from the Proposed Disposal

 

 

 

 

 

On Company Level, Yen will be required to impair an amount of RM10.1 million which was owed by Starix as at the date of disposal. After taking into account the impairment, the Company will incur a loss on disposal of RM8.66 million from the Proposed Disposal.

 

 

 

 

 

This announcement is dated 26 December 2014.

 

 

 

 



KAWAN - Changes in Director's Interest (S135) - Timothy Tan Heng Han

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKAWAN FOOD BERHAD  
Stock Name KAWAN  
Date Announced26 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141226-40371

Information Compiled By KLSE

Particulars of Director

NameTimothy Tan Heng Han
Address21, Jalan Puncak Kiara 3, Kiara View, 50480 Kuala Lumpur
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
22/12/2014
11,250
0.000 

Description of other type of transactionAdjustment to the number of warrants as a consequence of the bonus issue.
Circumstances by reason of which change has occurredIncrease in direct interest arising from the adjustment of number of warrants.
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)33,750 
Direct (%)0.04 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice26/12/2014

Remarks :
The percentage of holdings is based on the total warrants in issue of 87,650,594.

The Notice was received by the Company on 26 December 2014.


KAWAN - Changes in Director's Interest (S135) - Chen Seng Chong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKAWAN FOOD BERHAD  
Stock Name KAWAN  
Date Announced26 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141226-39579

Information Compiled By KLSE

Particulars of Director

NameChen Seng Chong
Address60, Jalan Pria Tiga, Taman Maluri, 55100 Kuala Lumpur
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
22/12/2014
56,250
0.000 

Description of other type of transactionAdjustment to the number of warrants as a consequence of the bonus issue.
Circumstances by reason of which change has occurredIncrease in direct interest arising from the adjustment of number of warrants.
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)168,750 
Direct (%)0.19 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice26/12/2014

Remarks :
The percentage of holdings is based on the total warrants in issue of 87,650,594.

The Notice was received by the Company on 26 December 2014.


KAWAN - Changes in Director's Interest (S135) - Gan Thiam Hock

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKAWAN FOOD BERHAD  
Stock Name KAWAN  
Date Announced26 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141226-38953

Information Compiled By KLSE

Particulars of Director

NameGan Thiam Hock
AddressA-4-01, Kenanga Apartment, Bulatan Putra Perdana, Taman Putra Perdana, 47100 Puchong, Selangor Darul Ehsan
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
22/12/2014
2,520,000
0.000 

Description of other type of transactionAdjustment to the number of warrants as a consequence of the bonus issue.
Circumstances by reason of which change has occurredIncrease in direct interest arising from the adjustment of number of warrants.
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)7,560,000 
Direct (%)8.63 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice26/12/2014

Remarks :
The percentage of holdings is based on the total warrants in issue of 87,650,594.

The Notice was received by the Company on 26 December 2014.


KAWAN - Changes in Director's Interest (S135) - Lim Peng @ Lim Pang Tun

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKAWAN FOOD BERHAD  
Stock Name KAWAN  
Date Announced26 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141226-39946

Information Compiled By KLSE

Particulars of Director

NameLim Peng @ Lim Pang Tun
Address22, Jalan Setia Damai, U13/14D, Setia Alam Seksyen U13, 40170 Shah Alam Selangor Darul Ehsan
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
22/12/2014
37,500
0.000 

Description of other type of transactionAdjustment to the number of warrants as a consequence of the bonus issue.
Circumstances by reason of which change has occurredIncrease in direct interest arising from the adjustment of number of warrants.
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)112,500 
Direct (%)0.13 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice26/12/2014

Remarks :
The percentage of holdings is based on the total warrants in issue of 87,650,594.

The Notice was received by the Company on 26 December 2014.


KAWAN - Changes in Director's Interest (S135) - Gan Thiam Chai

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKAWAN FOOD BERHAD  
Stock Name KAWAN  
Date Announced26 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141226-38183

Information Compiled By KLSE

Particulars of Director

NameGan Thiam Chai
AddressA-12-10, Apartment Jalil Damai, No. 1, Jalan 14/155C, Bandar Bukit Jalil, 57000 Kuala Lumpur
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
22/12/2014
9,990,000
0.000 

Description of other type of transactionAdjustment to the number of warrants as a consequence of the bonus issue.
Circumstances by reason of which change has occurredIncrease in direct interest arising from the adjustment of number of warrants.
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)29,970,001 
Direct (%)34.19 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice26/12/2014

Remarks :
The percentage of holdings is based on the total warrants in issue of 87,650,594.

The Notice was received by the Company on 26 December 2014.


KAWAN - Changes in Director's Interest (S135) - Kwan Sok Kay

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKAWAN FOOD BERHAD  
Stock Name KAWAN  
Date Announced26 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141226-39321

Information Compiled By KLSE

Particulars of Director

NameKwan Sok Kay
AddressA-12-10, Apartment Jalil Damai, No. 1, Jalan 14/155C, Bandar Bukit Jalil, 57000 Kuala Lumpur
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
22/12/2014
2,515,125
0.000 

Description of other type of transactionAdjustment to the number of warrants as a consequence of the bonus issue.
Circumstances by reason of which change has occurredIncrease in direct interest arising from the adjustment of number of warrants.
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)7,545,375 
Direct (%)8.61 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice26/12/2014

Remarks :
The percentage of holdings is based on the total warrants in issue of 87,650,594.

The Notice was received by the Company on 26 December 2014.


KAWAN - Changes in Director's Interest (S135) - Nareshchandra Gordhands Nagrecha

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKAWAN FOOD BERHAD  
Stock Name KAWAN  
Date Announced26 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141226-40200

Information Compiled By KLSE

Particulars of Director

NameNareshchandra Gordhands Nagrecha
AddressOval E39-1, 5, Lorong Kuda, 50450 Kuala Lumpur
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
22/12/2014
7,200,000
0.000 

Description of other type of transactionAdjustment to the number of warrants as a consequence of the bonus issue.
Circumstances by reason of which change has occurredIncrease in direct interest arising from the adjustment of number of warrants.
Nature of interestIndirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)21,600,000 
Direct (%)24.64 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice26/12/2014

Remarks :
The percentage of holdings is based on the total warrants in issue of 87,650,594.

The Notice was received by the Company on 26 December 2014.


KAWAN - Changes in Sub. S-hldr's Int. (29B) - Gan Thiam Hock

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKAWAN FOOD BERHAD  
Stock Name KAWAN  
Date Announced26 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-141223-56899

Particulars of substantial Securities Holder

NameGan Thiam Hock
AddressA-4-01, Kenanga Apartment, Bulatan Putra Perdana, Taman Putra Perdana, 47100 Puchong, Selangor Darul Ehsan
NRIC/Passport No/Company No.620930-10-7005
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0-50 each
Name & address of registered holderGan Thiam Hock
A-4-01, Kenanga Apartment, Bulatan Putra Perdana, Taman Putra Perdana, 47100 Puchong, Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others22/12/2014
5,040,000
0.000 

Description of other type of transactionBonus issue on the basis of 1 bonus share for every 2 existing ordinary shares of RM0.50 held.
Circumstances by reason of which change has occurredIncrease in direct interests arising from the completion of the bonus issue.
Nature of interestDirect interest
Direct (units)15,120,000 
Direct (%)8.29 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change15,120,000
Date of notice26/12/2014

Remarks :
This Notice was received by the Company on 26 December 2014.


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