December 24, 2014

Company announcements: MAA, DRBHCOM, IOICORP, ECM, HAPSENG, YNHPROP, INSAS

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

Announcement Type: General Announcement
Company NameMAA GROUP BERHAD  
Stock Name MAA  
Date Announced24 Dec 2014  
CategoryGeneral Announcement
Reference NoCM-141223-58500

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionMAA GROUP BERHAD (“MAAG” or “the Company”)

DISPOSAL OF 51% EQUITY INTEREST HELD IN MAACA LABUAN LTD (“MAACA LABUAN”) BY MAA CORPORATE ADVISORY SDN BHD (“MAACA”) AND THE COMPANY TO A RELATED PARTY (“SHARE SALE”)

1. INTRODUCTION

Pursuant to Paragraphs 9.19(24) and 10.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements of Bursa Malaysia”), the Board of Directors of the Company wishes to announce that MAACA, a wholly-owned subsidiary company of MAA Corporation Sdn Bhd which in turn is a wholly-owned subsidiary company of MAAG had on 24 December 2014 entered into a Share Sale Agreement (“SSA”) with Datuk David Rashid bin Ghazalli (“the Purchaser”) and disposed its 51% equity interest held in MAACA Labuan, comprising of 51 issued and paid up ordinary shares of USD1 each, for a total cash consideration of Ringgit Malaysia Sixty Six Thousand Seven Hundred and Seventy Six only (RM66,776.00) (“Disposal Consideration”).

The Share Sale is a related party transaction by virtue of the directorships held by the Purchaser in MAACA, MAACA Labuan and TYRG Labuan Ltd (“TYRG”), the other shareholder of MAACA Labuan which is incorporated in Labuan under the Labuan Companies Act, 1990, and the Purchaser’s shareholdings in TYRG.

2. SHARE SALE

2.1 Information of MAACA Labuan

MAACA Labuan is currently dormant and was incorporated on 25 July 2005 under the Labuan Companies Act, 1990, to carry on the business of providing offshore corporate advisory and consultancy services. MAACA Labuan has an authorized share capital of USD 10,000 comprising of 10,000 ordinary shares of USD1 each, of which 100 ordinary shares of USD1 each have been issued and fully paid up. The directors of MAACA Labuan are Datuk David Rashid bin Ghazali and Tunku Yahaya @ Yahya bin Tunku Tan Sri Abdullah.

The other shareholder holding 49% equity interest in MAACA Labuan is TYRG, a company incorporated in Labuan under the Labuan Companies Act 1990. TYRG has an authorized share capital of USD 10,000 comprising of 10,000 ordinary shares of USD1, of which 100 ordinary shares of USD1 each have been issued and fully paid up. The shareholders of TYRG are Datuk David Rashid bin Ghazali and Tunku Dato’ Ya’acob bin Tunku Tan Sri Abdullah, each holding 50% equity interest. Datuk David Rashid bin Ghazali is also the sole director of TYRG.

2.2 Information of the Purchaser

The Purchaser is a Director of MAACA, MAACA Labuan and TYRG. The Purchaser is a major shareholder of MAACA Labuan through his 50% equity interest in TYRG.

The Purchaser has abstained from deliberating and voting on the relevant resolutions for the approval of the Share Sale.

2.3 Salient Features of the SSA and Disposal Consideration

MAACA shall sell and the Purchaser shall purchase 51 ordinary shares of USD 1 each from MAACA free from all encumbrances for a Disposal Consideration of RM66,776.00.

The Disposal Consideration was arrived at on a willing buyer and willing seller basis after taking into consideration the net assets of MAACA Labuan as at 30 November 2014 of RM66,776.00.

2.4 Rationale for the Share Sale

The Share Sale forms part of the strategic plan of the Company to down size and scale down the operational costs of MAACA. The Share Sale also represents an opportunity for the Company and MAACA to divest a dormant subsidiary company instead of undertaking other options of voluntary winding-up and/or de-registration that would incur additional costs.

2.5 Financial Effects of the Share Sale

The Share Sale will not have any effect on the issued and paid-up share capital and substantial shareholding structure of MAAG Group as it is satisfied entirely in cash and would not have any material effect on the earnings and net assets of MAAG Group.

2.6 Utilisation of the Sale Proceeds from the Share Sale

The cash proceeds from the Share Sale will be utilised for working capital of the MAAG Group of Companies and expenses incidental to the Share Sale.

2.7 Highest Percentage Ratio Applicable to the Share Sale Pursuant to Paragraph 10.02(g) of the Listing Requirements of Bursa Malaysia.

Based on MAAG’s audited consolidated financial statements for the financial year ended 31 December 2013, the highest Percentage Ratio applicable to the Share Sale is 0.02%.

3. APPROVALS REQUIRED

The Share Sale is not subject to the approval of the shareholders of MAAG or any government or approving authorities.

4. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST

Save as disclosed above, no other Directors or substantial shareholders or persons connected to the directors or substantial shareholders have any interest, direct or indirect, in the Share Sale.

5. DIRECTORS' STATEMENTS

The Board of Directors of MAAG having considered all aspects of the Share Sale, is of the opinion that the Share Sale is fair and reasonable and is in the best interest of MAAG Group.

This announcement is dated 24 December 2014.



DRBHCOM - 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 NameDRB-HICOM BERHAD  
Stock Name DRBHCOM  
Date Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDD-141224-CC473

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
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)
Disposed19/12/2014
500,000
 

Circumstances by reason of which change has occurredDisposal of shares by Citigroup Nominees (Tempatan) Sdn Bhd
Nature of interestDirect
Direct (units)500,000 
Direct (%)8.467 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change163,679,000
Date of notice22/12/2014

Remarks :
The Form 29B was received by the Company on 24 December 2014.


IOICORP - 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 CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIC-141224-BE659

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 RM0.10 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
(Acquisition of 2,000,000 shares on 19 December 2014. Following the acquisition, currently held 573,181,973 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (AMUNDI)
(There is no change in shareholding. Currently held 5,000,000 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (AM INV)
(There is no change in shareholding. Currently held 4,544,186 shares.)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)
(There is no change in shareholding. Currently held 11,099,600 shares.)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired19/12/2014
2,000,000
 

Circumstances by reason of which change has occurredAcquisition of equity managed by Portfolio Manager
Nature of interestDirect
Direct (units)593,825,759 
Direct (%)9.34 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change593,825,759
Date of notice22/12/2014

Remarks :
We received the Form 29B of EMPLOYEES PROVIDENT FUND BOARD on 24 December 2014.


ECM - Changes in Sub. S-hldr's Int. (29B) - Clear Goal Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name ECM  
Date Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoEL-141223-1A5F4

Particulars of substantial Securities Holder

NameClear Goal Sdn Bhd
Address2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.736317-V
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each ("Shares")
Name & address of registered holderAmcorp Group Berhad [Deemed interest - 9,233,430 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Hikkaya Jaya Sdn Bhd [Deemed interest - 16,514,174 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Arab-Malaysian (CSL) Sdn Bhd [Deemed interest - 4,397,533 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/12/2014
99,400
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDeemed interest pursuant to Section 6A(4)(c) of the Companies Act, 1965
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)30,145,137 
Indirect/deemed interest (%)11.24 
Total no of securities after change30,145,137
Date of notice23/12/2014

Remarks :
The date of change is for the period from 18 to 23 December 2014.

This announcement is made on 24 December 2014.


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

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name ECM  
Date Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoEL-141223-1A5D6

Particulars of substantial Securities Holder

NameAmcorp Group Berhad
Address2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.1166-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each ("Shares")
Name & address of registered holderAmcorp Group Berhad [Direct interest - 9,233,430 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Hikkaya Jaya Sdn Bhd [Deemed interest - 16,514,174 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/12/2014
99,400
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect interest
Direct (units)9,233,430 
Direct (%)3.44 
Indirect/deemed interest (units)16,514,174 
Indirect/deemed interest (%)6.16 
Total no of securities after change25,747,604
Date of notice23/12/2014

Remarks :
The date of change is for the period from 18 to 23 December 2014.

This announcement is made on 24 December 2014.


HAPSENG - 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 NameHAP SENG CONSOLIDATED BERHAD  
Stock Name HAPSENG  
Date Announced24 Dec 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoHS-141224-7F90E

Date of buy back from15/12/2014
Date of buy back to19/12/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)21,603,800
Minimum price paid for each share purchased ($$)4.160
Maximum price paid for each share purchased ($$)4.500
Total amount paid for shares purchased ($$)94,504,206.15
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)21,603,800
Total number of shares retained in treasury (units)87,651,000
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies24/12/2014
Lodged by Lim Guan Nee

Remarks :
c.c : Securities Commission


HAPSENG - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHAP SENG CONSOLIDATED BERHAD  
Stock Name HAPSENG  
Date Announced24 Dec 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoHS-141224-BE70B

Date of buy back24/12/2014
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)65,800
Minimum price paid for each share purchased ($$)4.550
Maximum price paid for each share purchased ($$)4.550
Total consideration paid ($$)299,859.45
Number of shares purchased retained in treasury (units)65,800
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)89,078,800
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)4

Remarks :
cc: Securities Comission


YNHPROP - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc ("MUFG")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameYNH PROPERTY BERHAD  
Stock Name YNHPROP  
Date Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-141224-06B2D

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group, Inc ("MUFG")
Address7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8330 Japan
NRIC/Passport No/Company No.Nil
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderMorgan Stanley & Co. International plc
25 Cabot Square, Canary Wharf,London E14 4QA,United Kingdom

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/12/2014
4,700
 

Circumstances by reason of which change has occurredSale by Morgan Stanley Group

MUFG is deemed interested in the shares by virtue of

1. MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen.

2. MUFG holding more than 15% interest in shares of Morgan Stanley Group.
Nature of interestDeemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)63,997,956 
Indirect/deemed interest (%)15.58 
Total no of securities after change63,997,956
Date of notice23/12/2014

Remarks :
Received notice dated 23 December 2014 from MUFG on 24 December 2014.

This announcement is dated 24 December 2014.


YNHPROP - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc ("MUFG")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameYNH PROPERTY BERHAD  
Stock Name YNHPROP  
Date Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-141224-F6632

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group, Inc ("MUFG")
Address7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8330 Japan
NRIC/Passport No/Company No.Nil
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderMorgan Stanley & Co. International plc
25 Cabot Square, Canary Wharf,London E14 4QA,United Kingdom

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed17/12/2014
146,100
 

Circumstances by reason of which change has occurredSale by Morgan Stanley Group

MUFG is deemed interested in the shares by virtue of

1. MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen.

2. MUFG holding more than 15% interest in shares of Morgan Stanley Group.
Nature of interestDeemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)64,002,656 
Indirect/deemed interest (%)15.58 
Total no of securities after change64,002,656
Date of notice22/12/2014

Remarks :
Received notice dated 22 December 2014 from MUFG on 24 December 2014.

This announcement is dated 24 December 2014.


INSAS - Changes in Sub. S-hldr's Int. (29B) - Dato' Sri Thong Kok Khee

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameINSAS BERHAD  
Stock Name INSAS  
Date Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoII-141222-35176

Particulars of substantial Securities Holder

NameDato' Sri Thong Kok Khee
Address74 Jalan Setiakasih
Damansara Heights
50490 Kuala Lumpur
NRIC/Passport No/Company No.541211-08-5713
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderDatin Sri Yeoh Kwee See
74 Jalan Setiakasih
Damansara Heights
50490 Kuala Lumpur

M & A Investments International Ltd
Unit 9, 17th Floor Citicorp Centre
18 Whitfield Road, Causeway Bay, Hong Kong

Baktihan Sdn Bhd
No. 45-5 The Boulevard
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur

Immobillaire Holdings Sdn Bhd
No. 45-5 The Boulevard
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur

Ms Thong Mei Chuen
74 Jalan Setiakasih
Damansara Heights
50490 Kuala Lumpur

Mr Thong Weng Sheng
74 Jalan Setiakasih
Damansara Heights
50490 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired19/12/2014
500,000
 
Acquired23/12/2014
100,000
 

Circumstances by reason of which change has occurredPurchase of shares via Direct Business Transaction and in the open market.
Nature of interestDirect
Direct (units)3,784,678 
Direct (%)0.55 
Indirect/deemed interest (units)160,430,284 
Indirect/deemed interest (%)23.14 
Total no of securities after change164,214,962
Date of notice24/12/2014

Remarks :
Indirect interest:-
1) Datin Sri Yeoh Kwee See - 504,960 shares (No change)
2) M & A Investments International Limited - 124,420,289 shares (No change)
3) Baktihan Sdn Bhd - 21,746,400 shares (No change)
4) Immobillaire Holdings Sdn Bhd - 13,538,635 shares (No change)
5) Ms Thong Mei Chuen - 110,000 shares (No change)
6) Mr Thong Weng Sheng - 110,000 shares (No change)

Dato' Sri Thong is deemed interested by virtue of his spouse's and children's interest in the Company and his substantial interest in M & A Investments International Limited, Immobillaire Holdings Sdn Bhd and Baktihan Sdn Bhd pursuant to Section 134 and Section 6A of the Companies Act, 1965.


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