December 5, 2014

Company announcements: SNTORIA, TROP, PARKSON, SSTEEL, LBS, BORNOIL, SMPC, YFG

SNTORIA - OTHERS SENTORIA GROUP BERHAD (“SENTORIA” OR “THE COMPANY”) SUBSCRIPTION OF SHARES IN SENTORIA UTARA SDN. BHD.

Announcement Type: General Announcement
Company NameSENTORIA GROUP BERHAD  
Stock Name SNTORIA  
Date Announced5 Dec 2014  
CategoryGeneral Announcement
Reference NoCC-141205-52660

TypeAnnouncement
SubjectOTHERS
DescriptionSENTORIA GROUP BERHAD (“SENTORIA” OR “THE COMPANY”)
SUBSCRIPTION OF SHARES IN SENTORIA UTARA SDN. BHD.

The Board of Directors of Sentoria (“Board”) is pleased to announce that on 5th December 2014, Sentoria had subscribed for 300,000 Ordinary Shares of RM1.00 each in Sentoria Utara Sdn. Bhd. (Company No. 1114233-A) (“SUSB”), for a total cash consideration of Ringgit Malaysia Three Hundred Thousand (RM300,000.00) only (“the Subscription”). Subsequent to the Subscription, SUSB shall become a 75% owned subsidiary of Sentoria.

The details of the announcement are set out in the attached file.

This announcement is dated 5th December 2014.




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

Announcement Type: General Announcement
Company NameTROPICANA CORPORATION BERHAD  
Stock Name TROP  
Date Announced5 Dec 2014  
CategoryGeneral Announcement
Reference NoTC-141205-51081

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionTROPICANA CORPORATION BERHAD (“TROPICANA” OR “COMPANY”)

PROPOSED DISPOSAL BY SAPPHIRE INDEX SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF TROPICANA, OF LEASEHOLD LAND MEASURING APPROXIMATELY 308.72 ACRES OF NET LAND AREA WITHIN THE VICINITY OF KOTA KEMUNING IN THE STATE OF SELANGOR TO ECO SANCTUARY SDN BHD (FORMERLY KNOWN AS PROMINENT STREAM SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF ECO WORLD DEVELOPMENT GROUP BERHAD (FORMERLY KNOWN AS FOCAL AIMS HOLDINGS BERHAD) (“PROPOSED DISPOSAL”)

We refer to the announcements made in relation to the Proposed Disposal dated 19 March 2014 and 29 August 2014 (“Announcements”). Unless otherwise defined herein, the abbreviations used in this announcement are the same as those previously defined in the Announcements.


The Board of Tropicana wishes to announce that Sapphire Index Sdn Bhd had on 5 December 2014 obtained the State Authority Charge Approval from the state authority, being the last of the Conditions Precedent duly fulfilled in accordance with the terms and conditions of the SPA. Accordingly, the SPA has become unconditional on even date.


This announcement is dated 5 December 2014.



PARKSON - OTHERS Parkson Retail Group Limited - Next Day Disclosure Return (Equity issuer – changes in issued share capital and/or share buybacks)

Announcement Type: General Announcement
Company NamePARKSON HOLDINGS BERHAD  
Stock Name PARKSON  
Date Announced5 Dec 2014  
CategoryGeneral Announcement
Reference NoPH-141205-67106

TypeAnnouncement
SubjectOTHERS
DescriptionParkson Retail Group Limited
- Next Day Disclosure Return (Equity issuer – changes in issued share capital and/or share buybacks)

We attach herewith the Next Day Disclosure Return submitted to The Stock Exchange of Hong Kong Limited (“The HKEx”) on 5 December 2014 by Parkson Retail Group Limited (“PRGL”), a 52.10% owned subsidiary of the Company listed on The HKEx, following the repurchase by PRGL of 4,000,000 ordinary shares of HK$0.02 each made on The HKEx at the highest price paid of HK$2.20 and the lowest price paid of HK$2.15 on 5 December 2014.



SSTEEL - Important Relevant Dates for Renounceable Rights

Announcement Type: Important Relevant Dates for Renounceable Rights
Company NameSOUTHERN STEEL BERHAD  
Stock Name SSTEEL  
Date Announced5 Dec 2014  
CategoryImportant Relevant Dates for Renounceable Rights
Reference NoML-141205-47837

Title / DescriptionRenounceable rights issue of up to RM209,708,604 nominal value of 5-year 5% redeemable convertible unsecured loan stocks (“RCULS”) at 100% of its nominal value (“Rights RCULS”) on the basis of RM1.00 nominal value of Rights RCULS for every 2 existing ordinary shares of RM1.00 each in Southern Steel Berhad (“SSB”) (“SSB Shares”) held as at 5.00 p.m. on 19 December 2014
Despatch Date23/12/2014
Date for commencement of trading of the rights22/12/2014
Date for despatch of abridged prospectus and subscription forms23/12/2014
Date for cessation of trading of the rights12/01/2015
Date for announcement of final subscription result and basis of allotment of excess Rights Securities26/01/2015
Listing date of the Rights Securities30/01/2015

Last date and time forDateTime
Sale of provisional allotment of rights09/01/2015
at
05:00:00 PM
Transfer of provisional allotment of rights14/01/2015
at
04:00:00 PM
Acceptance and payment19/01/2015
at
05:00:00 PM
Excess share application and payment19/01/2015
at
05:00:00 PM

Rights Securities will be listed and quoted as the existing securities of the same class:
No 
To specify the entitlement that the holders of the Rights Securities will not be entitled to (if No):
There are no existing RCULS which are listed and quoted.

The RCULS constitute direct, unsubordinated and unsecured obligations of SSB, ranking pari passu without discrimination, preference or priority amongst themselves and pari passu with all present and future unsecured obligations of SSB from time to time (subject to those preferred by law).

The new SSB Shares to be issued pursuant to the conversion of the RCULS will, upon allotment and issue, rank pari passu in all respects with the then existing SSB Shares in issue except that they will not be entitled to any dividends, rights, allotments and/or other distributions, in respect of which the entitlement date is prior to the date of allotment of the new SSB Shares to be issued pursuant to the conversion of the RCULS. 
Other important dates as the listed issuer may deem appropriate:
 

Remarks :
The last date and time for acceptance and payment and for excess application and payment is at 5.00 p.m. on 19 January 2015 or such later date and time as the Board of Directors of SSB may decide and announce not less than 2 market days before the stipulated date and time.

This announcement is dated 5 December 2014.


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

Announcement Type: General Announcement
Company NameSOUTHERN STEEL BERHAD  
Stock Name SSTEEL  
Date Announced5 Dec 2014  
CategoryGeneral Announcement
Reference NoML-141205-45936

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionSOUTHERN STEEL BERHAD (“SSB” OR “COMPANY”)

RENOUNCEABLE RIGHTS ISSUE OF UP TO RM209,708,604 NOMINAL VALUE OF 5-YEAR 5% REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS (“RCULS”) AT 100% OF ITS NOMINAL VALUE (“RIGHTS RCULS”) ON THE BASIS OF RM1.00 NOMINAL VALUE OF RIGHTS RCULS FOR EVERY 2 EXISTING ORDINARY SHARES OF RM1.00 EACH IN SSB HELD AS AT 5.00 P.M. ON 19 DECEMBER 2014 (“RIGHTS ISSUE OF RCULS”)

We refer to the announcements dated 30 April 2014, 25 August 2014, 15 October 2014, 20 October 2014, 21 November 2014 and 5 December 2014 in relation to the Rights Issue of RCULS. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the aforesaid announcements.

On behalf of the Company, HLIB wishes to announce that the Board has today fixed the Conversion Price of the RCULS at RM1.05. The Conversion Price of RM1.05 was arrived at after taking into consideration the following:

  1. the prevailing market conditions as at the date of this announcement;
  2. the 5-day volume-weighted average market price (“VWAMP”) of the SSB Shares up to and including 4 December 2014, being the day immediately preceding the date of this announcement, of RM1.32 (“5-day VWAMP”); and
  3. the par value of the SSB Shares of RM1.00 each.

The Conversion Price of RM1.05 represents a discount of RM0.27 or 20.45% to the 5-day VWAMP, and a discount of RM0.18 or 14.63% to the theoretical ex-rights price of RM1.23 (calculated based on the 5-day VWAMP).

The Conversion Price will provide all existing shareholders with an attractive opportunity to further increase their equity participation in the Company at a discount to the prevailing market price of the SSB Shares.

This announcement is dated 5 December 2014.


LBS - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameLBS BINA GROUP BERHAD  
Stock Name LBS  
Date Announced5 Dec 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoLB-141205-42B33

Date of buy back05/12/2014
Description of shares purchasedOrdinary Shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)102,600
Minimum price paid for each share purchased ($$)1.560
Maximum price paid for each share purchased ($$)1.580
Total consideration paid ($$)161,674.72
Number of shares purchased retained in treasury (units)102,600
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)9,936,200
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 (%)1.88


BORNOIL - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameBORNEO OIL BERHAD  
Stock Name BORNOIL  
Date Announced5 Dec 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoBO-141204-41087

Date of buy back05/12/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)1,269,000
Minimum price paid for each share purchased ($$)0.770
Maximum price paid for each share purchased ($$)0.800
Total consideration paid ($$)989,044.64
Number of shares purchased retained in treasury (units)1,269,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)1,269,000
Adjusted issued capital after cancellation
(no. of shares) (units)
332,390,432 
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)0.00382


SMPC - Changes in Sub. S-hldr's Int. (29B) - Ooi Chieng Sim

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSMPC CORPORATION BHD  
Stock Name SMPC  
Date Announced5 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-141205-57847

Particulars of substantial Securities Holder

NameOoi Chieng Sim
Address23 Lintang Jelutong,
Bukit Dumbar,
11600 Georgetown.
NRIC/Passport No/Company No.690602-07-5503
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holder1) Ooi Chieng Sim
23 Lintang Jelutong,
Bukit Dumbar,
11600 Georgetown.

2) Skylitech Resources Sdn. Bhd.
23 Lintang Jelutong,
Bukit Dumbar,
11600 Penang

3) Hock Lok Siew Realty Sdn Bhd
23 Lintang Jelutong,
Bukit Dumbar,
11600 Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired19/11/2014
1,500,000
0.000 
Acquired19/11/2014
3,450,000
0.000 

Circumstances by reason of which change has occurredRights Issue Entitlement
Nature of interest1. 1,500,000 Ordinary Shares - Direct Interest - Rights Issue Entitlement

2. 3,450,000 Ordinary Shares - Deemed Interest through Skylitech Resources Sdn Bhd - Rights Issue Entitlement
Direct (units)2,935,416 
Direct (%)4.05 
Indirect/deemed interest (units)13,850,000 
Indirect/deemed interest (%)19.12 
Total no of securities after change16,785,416
Date of notice26/11/2014

Remarks :
Received Notice dated 26 November 2014 on 5 December 2014.

This announcement is dated 5 December 2014.


SMPC - Changes in Sub. S-hldr's Int. (29B) - Skylitech Resources Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSMPC CORPORATION BHD  
Stock Name SMPC  
Date Announced5 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-141205-59450

Particulars of substantial Securities Holder

NameSkylitech Resources Sdn Bhd
Address23 Lintang Jelutong,
Bukit Dumbar,
11600 Penang
NRIC/Passport No/Company No.230298-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderSkylitech Resources Sdn Bhd
23 Lintang Jelutong,
Bukit Dumbar,
11600 Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired19/11/2014
3,450,000
0.000 

Circumstances by reason of which change has occurredRights Issue Entitlement
Nature of interestDirect Interest
Direct (units)11,575,000 
Direct (%)15.98 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change11,575,000
Date of notice26/11/2014

Remarks :
Received Notice dated 26 November 2014 on 5 December 2014.

This announcement is dated 5 December 2014.


YFG - OTHERS Reply to Bursa Malaysia Securities Berhad's Query Letter dated 27 November 2014

Announcement Type: General Announcement
Company NameYFG BERHAD  
Stock Name YFG  
Date Announced5 Dec 2014  
CategoryGeneral Announcement
Reference NoYY-141205-63709

TypeAnnouncement
SubjectOTHERS
DescriptionReply to Bursa Malaysia Securities Berhad's Query Letter dated 27 November 2014

Further to the Company's announcement dated 28 November 2014, pertaining to the Reply to Bursa Malaysia Securities Berhad's Query letter dated 27 November 2014, the Company wishes to inform that it does foresee some minor impact on the Company's cash flow due to lose of revenue. However, the cost associate to the project will also ceased. Therefore, the financial and operational impact to the Company is minimum.


This announcement is dated 5 December 2014


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