December 12, 2014

Company announcements: SPRITZER, HCK, HAISAN, CENTURY, KOSSAN, SAMUDRA, ADVENTA

SPRITZER - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameSPRITZER BHD  
Stock Name SPRITZER  
Date Announced12 Dec 2014  
CategoryGeneral Announcement
Reference NoSS-141212-33911

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the dealing in the securities of the Company by Dato' Lim Kok Boon, DPMP, the Managing Director of the Company outside closed period, details as set out in the table below.

Date of dealing

Price transacted (RM per share)

Number of ordinary shares of RM0.50 each

Percentage of the issued and paid-up share capital of 138,853,555 (excluding treasury shares)

Circumstances by reason of which change has occurred

9.12.2014

1.981

100,000

0.072

Purchase of shares in the open market

This announcement is dated 12th December 2014.



SPRITZER - Changes in Director's Interest (S135) - Dato' Lim Kok Boon, DPMP

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSPRITZER BHD  
Stock Name SPRITZER  
Date Announced12 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoSS-141212-34020

Information Compiled By KLSE

Particulars of Director

NameDato' Lim Kok Boon, DPMP
Address35, Jalan Istana Larut
34000 Taiping
Perak Darul Ridzuan
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
09/12/2014
100,000
1.981 

Circumstances by reason of which change has occurredPurchase of shares in the open market.
Nature of interestDirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)5,758,000 
Direct (%)4.147 
Indirect/deemed interest (units)5,064,666 
Indirect/deemed interest (%)3.647 
Date of notice12/12/2014

Remarks :
Deemed interests by virtue of the shares held by his spouse, Datin Lai Yin Leng and his child, Lim Seng Lee in the Company; and his shareholding in Chuan Sin Resources Sdn. Bhd. pursuant to Section 6A of the Companies Act, 1965. After the above transaction, the total deemed interests of Dato' Lim Kok Boon, DPMP, are as follow:-

1. Registered in the name of Datin Lai Yin Leng - 200,000 shares
2. Registered in the name of Lim Seng Lee - 200,666 shares
3. Registered in the name of Chuan Sin Resources Sdn. Bhd. - 4,664,000 shares


SPRITZER - Changes in Sub. S-hldr's Int. (29B) - Dato' Lim Kok Boon, DPMP

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSPRITZER BHD  
Stock Name SPRITZER  
Date Announced12 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSS-141212-34172

Particulars of substantial Securities Holder

NameDato' Lim Kok Boon, DPMP
Address35, Jalan Istana Larut
34000 Taiping
Perak Darul Ridzuan
NRIC/Passport No/Company No.541025-08-5541
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderDato' Lim Kok Boon, DPMP
35, Jalan Istana Larut, 34000 Taiping, Perak Darul Ridzuan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/12/2014
100,000
1.981 

Circumstances by reason of which change has occurredPurchase of shares in the open market.
Nature of interestDirect interest
Direct (units)5,758,000 
Direct (%)4.147 
Indirect/deemed interest (units)5,064,666 
Indirect/deemed interest (%)3.647 
Total no of securities after change10,822,666
Date of notice12/12/2014

Remarks :
Deemed interests by virtue of the shares held by his spouse, Datin Lai Yin Leng and his child, Lim Seng Lee in the Company; and his shareholding in Chuan Sin Resources Sdn. Bhd. pursuant to Section 6A of the Companies Act, 1965. After the above transaction, the total deemed interests of Dato' Lim Kok Boon, DPMP, are as follow:-

1. Registered in the name of Datin Lai Yin Leng - 200,000 shares
2. Registered in the name of Lim Seng Lee - 200,666 shares
3. Registered in the name of Chuan Sin Resources Sdn. Bhd. - 4,664,000 shares


SPRITZER - Changes in Sub. S-hldr's Int. (29B) - Datin Lai Yin Leng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSPRITZER BHD  
Stock Name SPRITZER  
Date Announced12 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSS-141212-34345

Particulars of substantial Securities Holder

NameDatin Lai Yin Leng
Address35, Jalan Istana Larut
34000 Taiping
Perak Darul Ridzuan
NRIC/Passport No/Company No.550507-08-5506
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderDato' Lim Kok Boon, DPMP
35, Jalan Istana Larut, 34000 Taiping, Perak Darul Ridzuan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/12/2014
100,000
1.981 

Circumstances by reason of which change has occurredPurchase of shares in the open market by her spouse, Dato' Lim Kok Boon, DPMP.
Nature of interestDeemed interest
Direct (units)200,000 
Direct (%)0.144 
Indirect/deemed interest (units)10,622,666 
Indirect/deemed interest (%)7.65 
Total no of securities after change10,822,666
Date of notice12/12/2014

Remarks :
Deemed interests by virtue of the shares held by her spouse, Dato’ Lim Kok Boon, DPMP, and her child, Lim Seng Lee in the Company; and the shares held by her spouse in Chuan Sin Resources Sdn. Bhd. pursuant to Section 6A of the Companies Act, 1965. After the above transaction, the total deemed interests of Datin Lai Yin Leng are as follow:-

1. Registered in the name of Dato' Lim Kok Boon, DPMP - 5,758,000 shares
2. Registered in the name of Lim Seng Lee - 200,666 shares
3. Registered in the name of Chuan Sin Resources Sdn. Bhd. - 4,664,000 shares


HCK - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameHCK CAPITAL GROUP BERHAD  
Stock Name HCK  
Date Announced12 Dec 2014  
CategoryGeneral Announcement
Reference NoMI-141210-41404

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionHCK CAPITAL GROUP BERHAD (FORMERLY KNOWN AS GOLSTA SYNERGY BERHAD) ("HCK" OR THE "COMPANY")

I. PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF HCK ("PRIVATE PLACEMENT");

II. INCREASE IN THE AUTHORISED SHARE CAPITAL OF HCK FROM RM50,000,000 COMPRISING 50,000,000 ORDINARY SHARES OF RM1.00 EACH IN HCK ("HCK SHARE(S)" OR "SHARE(S)") TO RM100,000,000 COMPRISING 100,000,000 HCK SHARES ("INCREASE IN AUTHORISED SHARE CAPITAL"); AND

III. AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF HCK ("AMENDMENT")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the announcements made by RHB Investment Bank Berhad ("RHBIB"), on behalf of the Board of Directors of HCK ("Board"), on 30 May 2014, 20 June 2014, 4 July 2014, 3 December 2014 and 11 December 2014.

On behalf of the Board, RHBIB wishes to highlight that 9,240,000 new HCK Shares issued pursuant to the Private Placement were granted listing and quotation on the Main Market of Bursa Malaysia Securities Berhad on Friday, 12 December 2014, marking the completion of the Private Placement.

This announcement is dated 12 December 2014.



HAISAN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced12 Dec 2014  
CategoryGeneral Announcement
Reference NoHR-141212-54322

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHAISAN RESOURCES BERHAD (“HAISAN” OR “THE COMPANY”)
- KUALA LUMPUR HIGH COURT SUIT NO. 22NCVC-78-01-2012 (“THE SUIT”)

Further to the Company’s announcement dated 20 November 2014 in respect of the Suit, the Board of Directors of Haisan wishes to announce that the Court has deferred the decision to 30 January 2015.

The Company will announce further developments on the Suit as and when necessary.

This announcement is dated 12 December 2014.


CENTURY - Changes in Director's Interest (S135) - Yeap Khoo Soon Edwin

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameCENTURY LOGISTICS HOLDINGS BERHAD  
Stock Name CENTURY  
Date Announced12 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-141211-49551

Information Compiled By KLSE

Particulars of Director

NameYeap Khoo Soon Edwin
AddressNo. 6, Jalan PJU 3/28
Sunway Damansara
47810 Petaling Jaya
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
10/12/2014
50,000
0.625 
Acquired
12/12/2014
50,000
0.585 
Acquired
12/12/2014
50,000
0.590 

Circumstances by reason of which change has occurredAcquisition of 150,000 ordinary shares via open-market
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)2,200,000 
Direct (%)0.6 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice12/12/2014

Remarks :
The acquisition of 150,000 represents 0.041% of the total issued and paid-up share capital of the Company.


KOSSAN - OTHERS KOSSAN RUBBER INDUSTRIES BHD. (48166-W) PROPOSED ACQUISITION BY IDEAL QUALITY SDN. BHD. (404964-P), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PIECE OF VACANT FREEHOLD INDUSTRIAL LAND MEASURING IN AREA APPROXIMATELY 5.3292 HECTARES HELD UNDER GERAN 52935 LOT 6103, MUKIM KAPAR, DAERAH KLANG, SELANGOR FROM HIMPUN MENANG SDN. BHD FOR A TOTAL CASH CONSIDERATION OF RM39,007,631.00.

Announcement Type: General Announcement
Company NameKOSSAN RUBBER INDUSTRIES BERHAD  
Stock Name KOSSAN  
Date Announced12 Dec 2014  
CategoryGeneral Announcement
Reference NoKR-141212-58465

TypeAnnouncement
SubjectOTHERS
DescriptionKOSSAN RUBBER INDUSTRIES BHD. (48166-W)
PROPOSED ACQUISITION BY IDEAL QUALITY SDN. BHD. (404964-P), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PIECE OF VACANT FREEHOLD INDUSTRIAL LAND MEASURING IN AREA APPROXIMATELY 5.3292 HECTARES HELD UNDER GERAN 52935 LOT 6103, MUKIM KAPAR, DAERAH KLANG, SELANGOR FROM HIMPUN MENANG SDN. BHD FOR A TOTAL CASH CONSIDERATION OF RM39,007,631.00.

1. INTRODUCTION

The Board of Directors of Kossan Rubber Industries Bhd (“Kossan” or “the Company”) wishes to announce that Ideal Quality Sdn. Bhd. (“IQ” or “the Purchaser”), a wholly-owned subsidiary of the Company, has on even date entered into a Sale and Purchase Agreement (“the Agreement”) with Himpun Menang Sdn. Bhd (“HM” or the “Vendor”) for the acquisition of a piece of vacant freehold industrial land measuring in area approximately 5.3292 hectares held under Geran 52935 Lot 6103, Mukim Kapar, Daerah Klang, Selangor (the Property) for a total cash consideration of Ringgit Malaysia 39,007,631.00 only on the terms and conditions as contained in the Agreement. (“the Proposed Acquisition”)

2. INFORMATION ON THE VENDOR

HM, a private company limited by shares, is incorporated in Malaysia on 15 May 2006 under the Companies Act, 1965 and has its registered address at Level 18, The Gardens, North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur. The authorised share capital of HM is RM1,000,000.00 comprising 1,000,000 ordinary shares of RM1.00 each, of which, 600,000 ordinary shares of RM1.00 each have been issued and fully paid-up. HM’s principal activity is property development.

2.1 The directors and shareholders of HM are as follows:-

Number of shares

Kua Hock Lai -

Kua Swee Leong 150,000

Kua Swee Kiat 150,000

Kua Siu Hui 150,000

Kua Swee Keong 150,000

______

600,000

___________________

3. DETAILS OF THE PROPERTY

3.1 The Property is held under Geran 52935 Lot 6103, Mukim Kapar, Daerah Klang, Selangor.

3.2 Kossan is unable to provide information on the net book value of the Property as Kossan is not privy to this information.

3.3 The Sale Property shall be acquired from the Vendor on an “as is where is” basis but with vacant possession and free from all encumbrances, caveats, liens , equities and claims.

4. BASIS ON ARRIVING AT THE PURCHASE PRICE

The Purchase Price of RM39,007,631 was arrived at on a willing-buyer willing-seller basis, after the Board had made enquiries and comparing recent land transactions around the Property area. No valuation was carried out on the Sale Property. The Property is situated in the vicinity where the Kossan Group has several pieces of properties of similar sizes and usage.

5. SALIENT TERMS OF THE SPA

The Purchase Price of the Property shall be paid in the following manner:

5.1 Upon execution of the Agreement, a deposit of RM3,900,763.10 or 10% of the Purchase Price was paid by IQ to the Vendor .

5.2 The balance 90% of the Purchase Price amounting to RM 35,106,867.90, shall be paid by IQ to the Vendor’s Solicitors as stakeholder on or before the expiry of the Completion Date or Extended Completion Date, (additional 30 days) if applicable.

5.3 The Completion Date is defined as 24 February 2015.

6. RATIONALE FOR THE ACQUISITION

The Kossan Group is principally involved in the manufacturing of rubber products and gloves. The acquisition is in line with the Group’s strategy to replenish its land bank to generate long term sustainable income and viability.

7. RISK FACTORS

Inherent in all businesses are risks associated with the business environment and we are no exception and will be subjected to movement in raw material prices and cost of labour, availability of manpower, availability and costs of financing, changes of preference by consumers, competition and changes in government legislation and priorities. The Group seeks to limit these risks by undertaking various market studies, implementing prudent business strategies and measures, and improving efficiency.

8. FUNDING OF THE PROPOSED ACQUISITION

The Proposed Acquisition will be funded through internally generated funds and/or bank borrowings.

9. LIABILITIES TO BE ASSUMED

There are no contingent liabilities and guarantees to be assumed by Kossan arising from the Proposed Acquisition.

10. EFFECTS OF THE PROPOSED ACQUISITION

10.1 Earnings

The Proposed Acquisition is not expected to have any material effect on the earnings per share of the Group for the financial year ending 31 December 2014.

10.2 Net Assets

Based on the audited consolidated balance sheet as at 31 December 2013, the Proposed Acquisition is not expected to have any material effect on the net assets per share of the Group.

10.3 Gearing

As set out in item 8 herein, the Purchase Price is expected to be funded via the Group’s internally generated funds and/or bank borrowings. The exact mix of internally generated funds and bank borrowings will be decided by management at a later date.

10.4 Share Capital and Substantial Shareholding structure

The Proposed Acquisition will not have any effect on the issued and paid-up share capital and substantial shareholding structure of Kossan as the Purchase Price is to be satisfied wholly by cash and does not involve any issuance of new shares in Kossan.

11. APPROVAL

The Proposed Acquisition is not subject to the approval of any relevant authorities.

The highest percentage ratio applicable to the transaction pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements is 4.95%. As such, shareholders’ approval is not required.

12. DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS

To the best knowledge of the Board, none of the Directors and/ or substantial shareholders of Kossan and/or persons connected with them have any interest, direct or indirect, in the Proposed Acquisition.

13. DIRECTORS’ RECOMMENDATION

The Board of Kossan, having taken into consideration all aspects of the Proposed Acquisition, is of the opinion that the Proposed Acquisition is fair and reasonable, and is in the best interest of the Group.

14. EXPECTED TIME FRAME FOR COMPLETION OF THE ACQUISITION

Barring any unforeseen circumstances, the Proposed Acquisition of the Property is expected to be completed by the 1st quarter of financial year 2015

15. DOCUMENTS FOR INSPECTION

The Agreement may be inspected at the registered address of the Company at Wisma Kossan, Lot 782 Jalan Sungai Putus, Off Batu 3 Jalan Kapar, 42100 Klang, during normal office hours from Monday to Friday (except public holidays) for a period of three months from the date of this Announcement.

This announcement is dated 12 December 2014.



SAMUDRA - OTHERS KEJURUTERAAN SAMUDRA TIMUR BERHAD (“KSTB” or “the Company”) - DISPOSAL OF 49% EQUITY INTEREST HELD IN EMIRATES KEJURUTERAAN SAMUDRA TIMUR BERHAD PETROLEUM SERVICE L.L.C (“DISPOSAL”)

Announcement Type: General Announcement
Company NameKEJURUTERAAN SAMUDRA TIMUR BERHAD  
Stock Name SAMUDRA  
Date Announced12 Dec 2014  
CategoryGeneral Announcement
Reference NoCS-141210-65413

TypeAnnouncement
SubjectOTHERS
DescriptionKEJURUTERAAN SAMUDRA TIMUR BERHAD (“KSTB” or “the Company”) - DISPOSAL OF 49% EQUITY INTEREST HELD IN EMIRATES KEJURUTERAAN SAMUDRA TIMUR BERHAD PETROLEUM SERVICE L.L.C (“DISPOSAL”)

We act for and on behalf of KSTB.


1. INTRODUCTION

The Board of Directors of KSTB wishes to announce that KSTB has on 12 December 2014 disposed of Forty-Nine (49) shares of Dirhams Five Thousand (AED5,000) each (“Sale Shares”), representing 49% of equity interest in Emirates Kejuruteraan Samudra Timur Berhad Petroleum Service L.L.C (“EKSTB”) for a total sale consideration of USD73,000/- (US Dollar: Seventy-Three Thousand only) (“Disposal Consideration”) to Samudra Oil Services Sdn Bhd (“SOSSB”). Upon completion of the Disposal, EKSTB will cease to be an associated company of KSTB.

2. DETAILS OF THE DISPOSAL

2.1 Details of EKSTB

EKSTB is a limited liability company incorporated on 5 September 2012 in the Emirates of Abu Dhabi by Mohamed Abdulla Al-Otaiba Group Est. (“Otaiba”) and KSTB with the capital of One Hundred (100) shares of Dirhams Five Thousand (AED5,000) each, which Fifty-One (51) shares were held by Otaiba (51%) and Forty-Nine (49) shares were held by KSTB (49%).

The principal activities of EKSTB are installation and maintenance of natural gas and oil well equipment and on-shore and off-shore oil and gas field services in Abu Dhabi. EKSTB has yet to commence commercial operation.

2.2 Details of KSTB

KSTB was incorporated in Malaysia under the Companies Act, 1965 on 16 July 1985 as a private limited company and was converted to a public limited company and assumed its present name of KSTB on 16 January 2003. KSTB was listed on the Second Board of Bursa Malaysia Securities Berhad (“Bursa Securities”) (now known as Main Market of Bursa Securities) on 19 February 2004.

2.3 Details of SOSSB

SOSSB was incorporated in Malaysia on 22 June 2010 under the Companies Act, 1965 as a private limited company. It has a license issued by Petronas to supply products/services to oil and gas companies in Malaysia, in particular for tubular handling equipment and running services as well as drilling equipment rental and services. SOSSB is a subsidiary of a public listed company, Destini Berhad (“Destini”).

3. THE SALIENT DETAILS OF THE DISPOSAL

The salient details of the Disposal are as follows:-

(i) KSTB shall issue a limited Power of Attorney to appoint a representative from Destini to act as its Attorney to transfer and assign its 49% equity interest in EKSTB to SOSSB;

(ii) KSTB shall replace the signatory of the EKSTB’s bank accounts from the representative from KSTB to the representative of SOSSB; and

(iii) Destini shall pay KSTB a sum of USD73,000/- (US Dollar: Seventy-Three Thousand only) which was deposited by KSTB into the bank account of EKSTB.

4. BASIS OF CONSIDERATION

The Disposal Consideration of RM255,135/- [equivalent to USD73,000/- based on foreign exchange rate of USD1.00:RM3.4950 as at 12 December 2014] was arrived at by the parties on a willing-buyer-and-willing-seller basis after taking into consideration the par value of and the KSTB’s cost of investment in the Sale Shares. The original cost of investment and carrying value in EKSTB was RM226,057/- (equivalent to USD73,500/- based on foreign exchange rate of USD1.00:RM3.0756 at the date of payment for subscription of shares in EKSTB) as at 5 September 2012.

The gain on disposal arising from the Disposal is estimated at approximately RM29,000/-.

5. LIABILITIES TO BE ASSUMED

KSTB shall have no further rights and interest in EKSTB once payment of Disposal Consideration is made by Destini to KSTB. KSTB shall indemnify Destini and SOSSB from any claims, liability (whether contingent or otherwise) demands and actions whatsoever that arises pursuant to or originates from the affairs, undertakings and/or business of EKSTB prior to the completion of the transfer of Forty-Nine (49) shares in EKSTB.

Upon completion of the transfer of Forty-Nine (49) shares in EKSTB, KSTB shall not be liable for any claims, loss, demands, costs or interests against EKSTB and that Destini shall indemnify KSTB for any such claims, loss, demands, costs, penalties or interests by any party.

6. PROPOSED UTILISATION OF PROCEEDS

The Company intends to utilise the cash proceeds from the Disposal for working capital purposes immediately upon completion of the Disposal.

7. RATIONALE FOR THE DISPOSAL

The Disposal was made pursuant to the Share Sale Agreement dated 1 November 2014 and in line with the corporate exercise on disposal of the entire equity interest in SOSSB to Destini which was completed on 3 April 2014.

8. RISK FACTOR

Risk factors arise from the Disposal include but are not limited to foreign exchange risks and changes in economic, business and political conditions.

9. FINANCIAL EFFECTS OF THE DISPOSAL

9.1 Share Capital

The Disposal will not have any material effect on the share capital and paid-up capital of KSTB.

9.2 Earnings and Earnings per share (“EPS”)

The Disposal is not expected to have any material effect on the consolidated earnings and EPS of KSTB and its group of companies (“KSTB Group”) for the financial year ending 30 June 2015.

9.3 Net Assets ("NA”)

The Disposal will not have any material effect on the consolidated NA value of KSTB and KSTB Group for the financial year ending 30 June 2015.

10. APPROVALS REQUIRED

The Disposal is not subject to the approval of the shareholders of KSTB or any authorities.

11. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/ OR PERSONS CONNECTED

None of the directors, major shareholders of KSTB and/or persons connected with them have any interest, direct or indirect, in the Disposal.

12. DIRECTORS’ STATEMENT

The Board of Directors of KSTB is of the opinion that the Disposal is in the best interest of the Company.

13. ESTIMATED TIMEFRAME FOR THE COMPLETION OF THE PROPOSED DISPOSAL

The Disposal is expected to be completed by 31 December 2014.

14. HIGHEST PERCENTAGE RATIO APPLICABLE TO THE PROPOSED DISPOSAL PURSUANT TO PARAGRAPH 10.02(G) OF THE MAIN MARKET LISTING REQUIREMENTS (“MAIN LR”) OF BURSA SECURITIES (“PERCENTAGE RATIO”)

Based on KSTB’s audited consolidated financial statements for the financial year ended 30 June 2014, the highest Percentage Ratio applicable to the Disposal is approximately 0.33%.

15. DOCUMENTS AVAILABLE FOR INSPECTION

A copy each of the letter from SOSSB dated 8 December 2014 and KSTB’s acceptance letter dated 12 December 2014 are available for inspection during office hours at the Company’s registered office at Suite A-21-12, Level 21, Menara UOA Bangsar, No. 5, Jalan Bangsar Utama 1, 59000 Kuala Lumpur, Wilayah Persekutuan for a period of three (3) months from the date of this announcement.

The announcement is made on 12 December 2014.



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

Announcement Type: General Announcement
Company NameADVENTA BERHAD  
Stock Name ADVENTA  
Date Announced12 Dec 2014  
CategoryGeneral Announcement
Reference NoCS-141212-43490

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionADVENTA BERHAD ("ADVENTA" OR "THE COMPANY")
- RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("RRPT")

The Board of Directors of Adventa wishes to announce that the actual value of the RRPT transacted with the following related party pursuant to the existing shareholders' mandate obtained on 24 April 2014, has exceeded the estimated value of the RRPT as disclosed in the Circular to Shareholders dated 2 April 2014 ("Circular") by more than ten percent (10%). Further details are set out in the table below:-

Related Party

Nature of Transactions

Estimated value as disclosed in the Circular to Shareholders

(RM’000)

Actual Value Transacted from 24 April 2014 up to November 2014
(RM'000)

Amount Exceeded
(RM'000)

Reason for the Variation

Aspion Group

Purchases of gloves from the Aspion Group

5,000

8,959

3,959

Higher sales in gloves segment from Adventa

This announcement is dated 12 December 2014.



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