January 30, 2015

Company announcements: AUTOAIR, FAJAR, METALR, GSB, UNIMECH, HAISAN, TOPGLOV, PWORTH, ULICORP

AUTOAIR - PN17-SUSPENSION AND DE-LISTING

Announcement Type: Listing Circular
Company NameAUTOAIR HOLDINGS BERHAD  
Stock Name AUTOAIR  
Date Announced30 Jan 2015  
CategoryListing Circular
Reference NoCW-150130-58171

LISTING'S CIRCULAR NO. L/Q : 72405 OF 2015

Autoair Holdings Berhad (AUTOAIR or the Company) has failed to submit its regularisation plan to Bursa Malaysia Securities Berhad (Bursa Securities) for approval within the timeframe stipulated under paragraph 8.04(3)(a)(i) of the Bursa Securities Main Market Listing Requirements (Main LR) and the Company's application for a further extension of time to submit its regularisation plan has been rejected by Bursa Securities.

In the circumstances and pursuant to paragraph 8.04(5) of the Main LR:-

  • the trading in the securities of the Company will be suspended with effect from 11 February 2015; and
  • the securities of the Company will be de-listed on 13 February 2015 unless an appeal against the de-listing is submitted to Bursa Securities on or before 10 February 2015 (the Appeal Timeframe). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 13 February 2015 shall be deferred pending the decision on the Company’s appeal.

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (Bursa Depository), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.


Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.

FAJAR - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameFAJARBARU BUILDER GROUP BHD  
Stock Name FAJAR  
Date Announced30 Jan 2015  
CategoryChange in Boardroom
Reference NoCA-150129-42519

Date of change01/02/2015
NameDato’ Sri Ir. Kuan Peng Ching @ Kuan Peng Soon
Age69
NationalityMalaysian
Type of changeRedesignation
Previous PositionChairman & Executive Director
New PositionChairman & Director
DirectorateNon Independent & Non Executive
QualificationsGraduated from Adelaide University, South Australia 
Working experience and occupation Qualified electrical engineer and a professional engineer 
Directorship of public companies (if any)Star Publications (Malaysia) Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNo 
Any conflict of interests that he/she has with the listed issuerNo 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest - 25,044,700 ordinary shares
Indirect interest - 7,581,600 ordinary shares 

Remarks :
Dato’ Sri Ir. Kuan Peng Ching @ Kuan Peng Soon has re-designated from Executive Chairman to Non-Independent Non-Executive Chairman of the Company with effect from 1 February 2015.


METALR - OTHERS METAL RECLAMATION BHD (“MRB” or the “Company”) - MONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A(5)(a) OF THE MAIN MARKET LISTING REQUIREMENTS (“MMLR”) OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”)

Announcement Type: General Announcement
Company NameMETAL RECLAMATION BHD  
Stock Name METALR  
Date Announced30 Jan 2015  
CategoryGeneral Announcement
Reference NoCC-150128-A9065

TypeAnnouncement
SubjectOTHERS
DescriptionMETAL RECLAMATION BHD (“MRB” or the “Company”)
- MONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A(5)(a) OF THE MAIN MARKET LISTING REQUIREMENTS (“MMLR”) OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”)

We refer to the announcements made on 2 September 2014, 30 September 2014, 31 October 2014, 28 November 2014 and 31 December 2014 pertaining to default in payment pursuant to the MMLR of Bursa Securities (“Defaults”). The terms herein shall bear the same meaning as defined in the said announcements.

The Board of Directors of MRB hereby announces that as outlined in the previous announcements, there is no major development on the status of the Defaults in payment of principals and interests accrued as at the date of this announcement. The Company is seeking a long term solution to resolve its working capital deficiency as well as address the Defaults by continuing to identify suitable investors.

This announcement is dated 30 January 2015.



GSB - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameGSB GROUP BERHAD  
Stock Name GSB  
Date Announced30 Jan 2015  
CategoryGeneral Meetings
Reference NoCC-150129-20534

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting30/01/2015
Time10:00 AM
VenueNo. 9 Jalan 3/91A
Taman Shamelin Perkasa
Cheras
56100 Kuala Lumpur
Outcome of Meeting

The Board of Directors of GSB Group Berhad (“GSB") is pleased to announce that the shareholders of GSB have at its Extraordinary General Meeting (“EGM”) held on 30 January 2015 approved all the resolutions as set out in the Notice of EGM dated 15 January 2015.


This announcement is dated 30 January 2015.



UNIMECH - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameUNIMECH GROUP BERHAD  
Stock Name UNIMECH  
Date Announced30 Jan 2015  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoUG-150130-62111

Date of buy back30/01/2015
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)7,000
Minimum price paid for each share purchased ($$)1.550
Maximum price paid for each share purchased ($$)1.570
Total consideration paid ($$)11,050.12
Number of shares purchased retained in treasury (units)7,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)9,271,366
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 (%)0.0059

Remarks :
The total amount paid for the shares purchased is inclusive of brokerage, clearing house fee and stamp duty.


HAISAN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced30 Jan 2015  
CategoryGeneral Announcement
Reference NoHR-150130-59316

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 12 December 2014 in respect of the Suit, the Board of Directors of Haisan wishes to announce that the Court has deferred the Decision from 30 January 2015 to 5 February 2015.

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

This announcement is dated 30 January 2015.



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 Announced30 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTG-150129-4E384

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
1. for Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
2. for Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (CIMB PRI)
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)
Acquired27/01/2015
500,000
 
Disposed27/01/2015
122,400
 

Circumstances by reason of which change has occurred1. Acquisition of 500,000 shares by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board; and
2. Disposal of 122,400 shares by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (CIMB PRI).
Nature of interestDirect Interest
Direct (units)38,166,173 
Direct (%)6.1818 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change38,166,173
Date of notice28/01/2015

Remarks :
The total number of 38,166,173 Ordinary Shares of RM0.50 each are held through the following holders:
1) 24,167,273 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) 1,080,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (AFFIN-HWG);
5) 420,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (PHEIM);
6) 2,648,800 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (CIMB PRI); and
7) 7,547,400 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 30 January 2015.


PWORTH - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):COMBINATION OF NEW ISSUE OF SECURITIES

Announcement Type: General Announcement
Company NamePRICEWORTH INTERNATIONAL BERHAD  
Stock Name PWORTH  
Date Announced30 Jan 2015  
CategoryGeneral Announcement
Reference NoCC-150129-42399

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
DescriptionPRICEWORTH INTERNATIONAL BERHAD ("PIB" OR THE "COMPANY")
(I) PROPOSED REDUCTION OF THE PAR VALUE OF EACH EXISTING ORDINARY SHARE OF RM0.10 EACH IN PIB PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("PROPOSED PAR VALUE REDUCTION")
(II) PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF PIB ("MA") TO FACILITATE THE IMPLEMENTATION OF THE PROPOSED PAR VALUE REDUCTION ("PROPOSED MA AMENDMENT")
(III) PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP ORDINARY SHARES OF BETA BUMI SDN BHD BY PIB ("PROPOSED ACQUISITION")
(IV) PROPOSED ISSUANCE OF UNSECURED REDEEMABLE CONVERTIBLE NOTES ("RCN") WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO RM50.0 MILLION ("PROPOSED RCN ISSUE")

We refer to the Company's announcements dated 1 April 2013, 4 April 2013, 7 August 2013, 2 September 2013, 9 September 2013, 6 November 2013, 21 November 2013, 25 November 2013, 28 November 2013, 23 December 2013, 6 March 2014, 18 March 2014, 25 March 2014, 28 March 2014, 7 April 2014, 23 July 2014, 6 August 2014, 15 August 2014, 26 August 2014, 5 September 2014, 10 October 2014 and 7 November 2014 in relation to the Proposed RCN Issue.

The Board of Directors of PIB is pleased to announce that the RCN of Tranche 3 Notes comprising of five (5) equal sub-tranches of RM500,000 each in an aggregate value of RM2.5 million were issued on 30 January 2015.

This announcement is dated 30 January 2015.


ULICORP - Changes in Sub. S-hldr's Int. (29B) - YEO SENG CHONG

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameUNITED U-LI CORPORATION BERHAD  
Stock Name ULICORP  
Date Announced30 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-150129-63930

Particulars of substantial Securities Holder

NameYEO SENG CHONG
Address11 UNITY STREET
#02-13 ROBERTSON WALK
SINGAPORE 237995
NRIC/Passport No/Company No.S0150374Z
Nationality/Country of incorporationSINGAPOREAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderDB (MALAYSIA) NOMINEES (ASING) SDN BHD
18TH FLOOR, MENARA IMC,
NO. 8, JALAN SULTAN ISMAIL,
50250 KUALA LUMPUR.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed26/01/2015
100,000
1.910 

Circumstances by reason of which change has occurredDISPOSAL OF SHARES
Nature of interestINDIRECT INTEREST
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)7,400,000 
Indirect/deemed interest (%)5.6061 
Total no of securities after change7,400,000
Date of notice30/01/2015

Remarks :
The interest of 7,400,000 shares comprising:-
1) 6,300,000 shares held by DB (Malaysia) Nominees (Asing) Sdn Bhd is held by Yeoman Capital Management Pte Ltd [YCMPL] on behalf of YCMPL's client in its role as investment manager;
2) 150,000 shares held by CIMSEC Nominees (Asing) Sdn Bhd is held by Yeoman Capital Management Pte. Ltd., whereby Yeo Seng Chong is a director and shareholder of Yeoman Capital Management Pte Ltd; and
3) 950,000 shares held by HDM Nominees (Asing) Sdn Bhd is held on behalf of Lim Mee Hwa, spouse of Yeo Seng Chong.


ULICORP - Changes in Sub. S-hldr's Int. (29B) - LIM MEE HWA

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameUNITED U-LI CORPORATION BERHAD  
Stock Name ULICORP  
Date Announced30 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-150129-64852

Particulars of substantial Securities Holder

NameLIM MEE HWA
Address11 UNITY STREET
#02-13 ROBERTSON WALK
SINGAPORE 237995
NRIC/Passport No/Company No.S0006667B
Nationality/Country of incorporationSINGAPOREAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderDB (MALAYSIA) NOMINEES (ASING) SDN BHD
18TH FLOOR, MENARA IMC,
NO. 8, JALAN SULTAN ISMAIL,
50250 KUALA LUMPUR.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed26/01/2015
100,000
1.910 

Circumstances by reason of which change has occurredDISPOSAL OF SHARES
Nature of interestINDIRECT INTEREST
Direct (units)950,000 
Direct (%)0.7197 
Indirect/deemed interest (units)6,450,000 
Indirect/deemed interest (%)4.8864 
Total no of securities after change7,400,000
Date of notice30/01/2015

Remarks :
The interest of 7,400,000 shares comprising:-
1) 6,300,000 shares held by DB (Malaysia) Nominees (Asing) Sdn Bhd is held by Yeoman Capital Management Pte Ltd [YCMPL] on behalf YCMPL's clients in its role as investment manager;
2) 150,000 shares held by CIMSEC Nominees (Asing) Sdn Bhd is held by Yeoman Capital Management Pte Ltd; and
3) 950,000 shares held by HDM Nominees (Asing) Sdn Bhd is held on behalf of Lim Mee Hwa.


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