January 5, 2015

Company announcements: FGV, IGBREIT, MAXIS, KIALIM, VS, HUBLINE, BORNOIL

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

Announcement Type: General Announcement
Company NameFELDA GLOBAL VENTURES HOLDINGS BERHAD  
Stock Name FGV  
Date Announced5 Jan 2015  
CategoryGeneral Announcement
Reference NoFG-150105-A7EDF

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, we set out below details of the dealing in the Company's securities by a Principal Officer.

Name of Principal Officer

Date Acquired

Consideration/Price per Share

Number of Shares

% of Issued Share Capital

Palaniappan A/L M.S Swaminathan

5 January 2015

RM2.15

10,000

0.00%

 This announcement is based on the information in the Notice of Dealing dated 5th January 2015 and received by the Company on 5th January 2015.



IGBREIT - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (Diperbadankan)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIGB REAL ESTATE INVESTMENT TRUST  
Stock Name IGBREIT  
Date Announced5 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIR-150105-3F834

Particulars of substantial Securities Holder

NameKumpulan Wang Persaraan (Diperbadankan)
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang, 55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Units in IGB Real Estate Investment Trust ("IGB REIT")
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4, 5 & 6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang, 55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired29/12/2014
2,000,000
 
Acquired30/12/2014
454,600
 

Circumstances by reason of which change has occurredAcquisition of units in the open market by KWAP.
Nature of interestDirect
Direct (units)205,424,320 
Direct (%)5.96 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change205,424,320
Date of notice05/01/2015


MAXIS - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board ("EPF Board")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAXIS BERHAD  
Stock Name MAXIS  
Date Announced5 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-150105-74D9C

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board ("EPF 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 in Maxis Berhad ("Maxis Shares")
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
EPF Board
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
- in respect of the disposal of 2,028,400 Maxis Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed30/12/2014
2,028,400
 

Circumstances by reason of which change has occurredDisposal
Nature of interestDirect
Direct (units)460,938,300 
Direct (%)6.14 
Indirect/deemed interest (units)23,709,400 
Indirect/deemed interest (%)0.32 
Total no of securities after change484,647,700
Date of notice31/12/2014

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 31 December 2014 and received by the Company on 5 January 2015.

The registered holders of the 484,647,700 Maxis Shares are as follows:-

Directly held
1. Citigroup Nominees (Tempatan) Sdn Bhd
EPF Board
- in respect of 459,438,300 Maxis Shares

2. EPF Board
- in respect of 1,500,000 Maxis Shares

Held through nominee
3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (AMUNDI)
- in respect of 3,000,000 Maxis Shares

4. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (KIB)
- in respect of 350,000 Maxis Shares

5. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (AFFIN-HWG)
- in respect of 3,900,000 Maxis Shares

6. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (RHB INV)
- in respect of 1,000,000 Maxis Shares

7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (AM INV)
- in respect of 1,782,600 Maxis Shares

8. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (NOMURA)
- in respect of 10,183,100 Maxis Shares

9. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (ARIM)
- in respect of 850,000 Maxis Shares

10. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (TEMPLETON)
- in respect of 2,643,700 Maxis Shares


KIALIM - Changes in Director's Interest (S135) - NG YENG KENG @ NG KA HIAT

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKIA LIM BERHAD  
Stock Name KIALIM  
Date Announced5 Jan 2015  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-150105-14532

Information Compiled By KLSE

Particulars of Director

NameNG YENG KENG @ NG KA HIAT
Address12 JALAN SELUANG 2, 83000 BATU PAHAT, JOHOR
Descriptions(Class & nominal value)ORDINARY SHARES OF RM1.00 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
31/12/2014
9,000
0.458 

Circumstances by reason of which change has occurredACQUISITION OF 9,000 (REPRESENTING 0.015%) SHARES BY NG HOO TEE HOLDINGS SDN. BHD. IN OPEN MARKET.
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)1,542,255 
Direct (%)2.49 
Indirect/deemed interest (units)27,992,998 
Indirect/deemed interest (%)45.2 
Date of notice05/01/2015

Remarks :
This announcement is made pursuant to Paragraph 14.09 of the Main Market Listing Requirement.


KIALIM - Changes in Sub. S-hldr's Int. (29B) - NG HOO TEE HOLDINGS SDN. BHD.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKIA LIM BERHAD  
Stock Name KIALIM  
Date Announced5 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-150105-EC9E0

Particulars of substantial Securities Holder

NameNG HOO TEE HOLDINGS SDN. BHD.
AddressWISMA NG HOO TEE
79, JALAN MUAR, 83500
BATU PAHAT, JOHOR
NRIC/Passport No/Company No.46165 A
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holderNG HOO TEE HOLDINGS SDN. BHD.
WISMA NG HOO TEE
79, JALAN MUAR, 83500
BATU PAHAT, JOHOR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired31/12/2014
9,000
0.458 

Circumstances by reason of which change has occurredACQUISTION OF 9,000 SHARES (REPRESENTING IN 0.015%) IN THE OPEN MARKET
Nature of interestDIRECT
Direct (units)5,208,073 
Direct (%)8.41 
Indirect/deemed interest (units)1,208,400 
Indirect/deemed interest (%)1.95 
Total no of securities after change5,208,073
Date of notice05/01/2015

Remarks :
This announcement is made to comply with Para 14.09 of Main Market Listing Requirement.


KIALIM - Changes in Sub. S-hldr's Int. (29B) - GOH MAY LEE

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKIA LIM BERHAD  
Stock Name KIALIM  
Date Announced5 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-150105-D7E67

Particulars of substantial Securities Holder

NameGOH MAY LEE
Address23A, Taman Jaya Diri, Parit Sulong 83500 Batu Pahat, Johor
NRIC/Passport No/Company No.610825-01-5206
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holderGOH MAY LEE
23A, Taman Jaya Diri, Parit Sulong 83500 Batu Pahat, Johor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired31/12/2014
9,000
0.458 

Circumstances by reason of which change has occurredACQUISITION OF 9,000 (REPRESENTING 0.015%) SHARES BY NG HOO TEE HOLDINGS SDN. BHD. IN OPEN MARKET
Nature of interestINDIRECT
Direct (units)832,889 
Direct (%)1.34 
Indirect/deemed interest (units)27,822,000 
Indirect/deemed interest (%)44.92 
Total no of securities after change27,822,000
Date of notice05/01/2015

Remarks :
This announcement is made to comply with Para 14.09 of Main Market Listing Requirement.


KIALIM - Changes in Sub. S-hldr's Int. (29B) - DATUK NG YENG KENG @ NG KA HIAT

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKIA LIM BERHAD  
Stock Name KIALIM  
Date Announced5 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-150105-49848

Particulars of substantial Securities Holder

NameDATUK NG YENG KENG @ NG KA HIAT
AddressWisma Ng Hoo Tee
79, Jalan Muar, 83500 Batu Pahat, Johor
NRIC/Passport No/Company No.460803-01-5239
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holderDATUK NG YENG KENG @ NG KA HIAT
Wisma Ng Hoo Tee
79, Jalan Muar, 83500 Batu Pahat, Johor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired31/12/2014
9,000
0.458 

Circumstances by reason of which change has occurredACQUISITION OF 9,000 SHARES (REPRESENTING 0.015%) BY NG HOO TEE HOLDINGS SDN. BHD. IN OPEN MARKET
Nature of interestINDIRECT
Direct (units)1,542,255 
Direct (%)2.49 
Indirect/deemed interest (units)27,992,998 
Indirect/deemed interest (%)45.2 
Total no of securities after change27,992,998
Date of notice05/01/2015

Remarks :
This announcement is made to comply with Para 14.09 of Main Market Listing Requirement


VS - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameV.S. INDUSTRY BERHAD  
Stock Name VS  
Date Announced5 Jan 2015  
CategoryGeneral Meetings
Reference NoVI-141112-6CA3C

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting05/01/2015
Time10:00 AM
VenuePerwira 1, Le Grandeur Palm Resort Johor, Jalan Persiaran Golf, Off Jalan Jumbo, 81250 Senai, Johor.
Outcome of Meeting

We are pleased to announce that all resolutions under Ordinary Business and Special Business as per the Notice of Thirty Second Annual General Meeting dated 28 November 2014 were duly passed and carried at the said meeting held on 5 January 2015.



HUBLINE - Notice of Person Ceasing (29C) - Billion Power Sdn. Bhd.

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Company NameHUBLINE BERHAD  
Stock Name HUBLINE  
Date Announced5 Jan 2015  
CategoryNotice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference NoCS-150105-51859

Particulars of substantial Securities Holder

NameBillion Power Sdn. Bhd.
AddressBLOCK B-58 LEVEL 2
TAMAN SRI SARAWAK MALL
JALAN TUNKU ABDUL RAHMAN
93100 KUCHING SARAWAK
NRIC/Passport No/Company No.236464-V
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.20 EACH
Date of cessation30/12/2014
Name & address of registered holderBILLION POWER SDN. BHD.
BLOCK B-58 LEVEL 2
TAMAN SRI SARAWAK MALL
JALAN TUNKU ABDUL RAHMAN
93100 KUCHING SARAWAK
CurrencyMalaysian Ringgit (MYR)
Number of securities disposed100,000,000 
Price Transacted ($$)0.040 
Circumstances by reason of which a person ceases to be a substantial securities HolderDISPOSAL OF ORDINARY SHARES
SHAREHOLDINGS TO LESS THAN 5%
Nature of interestDIRECT
Date of notice05/01/2015


BORNOIL - OTHERS AWARD OF SUB-CONTRACT OF WORKS

Announcement Type: General Announcement
Company NameBORNEO OIL BERHAD  
Stock Name BORNOIL  
Date Announced5 Jan 2015  
CategoryGeneral Announcement
Reference NoBO-150105-49566

TypeAnnouncement
SubjectOTHERS
DescriptionAWARD OF SUB-CONTRACT OF WORKS
BORNEO OIL BERHAD ("BOB")
AWARD OF SUB–CONTRACT OF WORKS

1. INTRODUCTION

The Board of BOB is pleased to announce that its wholly-owned subsidiary, Borneo Oil and Gas Corporation Sdn Bhd (“BOG”) has been appointed by Jusra Mining Merapoh Sdn Bhd ("JMM") on 5th January 2015 (“Sub Contract”) as its contractor to carry out prospecting and mining of alluvial and lode gold on an exclusive basis on an area covering 202.8 Ha. under mining lease (P.T.L PL 014/2004 or ML 04/2013) (“Mining Area”) located at SG Serumbum, Hutan Simpan Hulu Jelai, Daerah Lipis, Pahang.

The scope of works under Sub Contract involves prospecting, exploration and mining of alluvial and lode gold on an exclusive basis over the Mining Area.

The actual of estimated amount of contract value cannot be readily quantified as it depends on the production quantity of gold ores, sales price of gold and rates of tribute payable involved.

The said Mining Area was contracted to JMM by MMC Corporation Bhd (“MMC”) on 21st July 2004 (“Contract of Works). MMC had entered into an agreement with Pahang State Economic Development Corporation (“PASDEC”) on 9th July 1990 which grants MMC, the sole and exclusive right basis, to carry out large scale prospecting and mining of minerals (“PASDEC Agreement”).

2. MAIN TERMS AND DURATION OF THE SUB CONTRACT

The main terms of the Sub Contract are as follows:-
    (I) BOG to advance a total sum of RM1,273,383,50 to JMM in the following manner:-

    (a) RM500,000 upon the execution of the Agreement;
    (b) Subject to the result of a preliminary geological study to determine the existence of payable gold, BOG shall advance a total of RM273,383.50 comprising the following:-
    (i) 50% of the premium payable in respect of the Mining Area in the sum of
    RM437,600 equivalent to RM218,800;
    (ii) 50% of the surveyor fees in the sum of RM61,667 equivalent to
    RM30,833.50; and
    (iii) 50% of the fees due to KL Lee Mining Consultant Services in the sum of
    RM47,500 equivalent to RM23,750.

    (c) RM500,000 within seven (7) days from the date of fulfillment of the following
    conditions precedent to be confirmed by BOG:-

    (i) Preliminary studies and area surveys to be conducted by BOG confirm
    that the Mining Area contains sufficient payable gold so as to be
    economically viable in the opinion of BOG;
    (ii) The continued subsistence of the Contract of Works Agreement;
    (iii) That the Mining Area Lease and Mining Permit are subsisting and in
    good standing;
    (iv) Confirmation by MMC that JMM is not in breach of the Contract of
    Works Agreement and that MMC is in full compliance with the
    PASDEC Agreement and that the same is still in force;
    (v) That the notice has been issued and received by MMC with regard to the
    Sub Contract Works as required in the Contracts of Works Agreement.

    (II) The agreement to any further advances to JMM by BOG shall be at the full discretion of BOG;
    (III) In addition, BOG shall pay tributes to JMM based on 10% of the revenue from the total sale of gold produced;
    (IV) BOG shall be entitled to deduct 50% of the tribute due to JMM until the Advances are fully repaid;
    (V) BOG and JMM agree to adhere to the tribute which ranges from 6% to 7% and to PASDEC, MMC and royalty payment of 5% State Government calculated based on the revenue from the total sale of gold produced as provided in the Contracts of Work and PASDEC Agreement;
    (VI) The Sub-Contract is for a period of five (5) years with a renewal for another five (5) years subject to a review on the tribute payment percentage to be mutually agreed and at the end of which if in the opinion of BOG, there is still gold and other minerals of commercial quantities in the Mining Area;
    (VII) JMM reserves the right to terminate this Agreement if BOG suspends the operation on the Mining Area for more than 4 weeks without any reasonable justification and in such an event JMM shall issue a notice to BOG to resume its operation within a month, failing which JMM shall have the right, subject to the repayment of all the remaining unpaid advances by BOG to immediately thereafter terminate this Agreement;
    (VIII)BOG shall undertake the said works solely at its own risks with no recourse to JMM;
    (IX) In the event further mining leases and permits are approved and issued by the State Government to JMM, BOG shall be exclusively appointed to carry out the said Works.
      3. FINANCIAL EFFECTS

      The Sub-Contract will not have any effect on the BOB’s issued and paid up capital and is expected to contribute positively to the earnings of BOB Group in the future.

      It is estimated that the initial financial commitment of RM5 million for preliminary exploration works and a budget of RM10 million for plant & equipment and initial working capital for alluvial gold mining.

      4. APPROVALS REQUIRED

      The Sub Contract is not subject to approval of the shareholders of BOB.


      5. PROJECT RISK
          Apart from those risk factors as mentioned previously, BOG would also take note of the following to avoid any possible risks:


          (a) The term of the sub-contract agreement that provides for the termination of the same in the event BOG suspends its mining operations for more than 4 weeks without any reasonable justifications;


          (b) As BOG may experience unanticipated increase in the costs of plants, equipment and other related expenditure related to the operations, due allowance has been made to cater for it; and


          (c) BOG will venture into mining of lode gold only after prospecting and exploration works undertaken have indicated sufficient gold reserve to justify a mining operation that is commercially viable.


      6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERERST
        None of the directors or major shareholders of BOB or persons connected to them have any interest, direct and indirect, in the above Sub Contract.
        7. DIRECTORS’ STATEMENT
          The Board of Directors of BOB is of the opinion that the entering into of this Sub-Contract is in the best interest of the Company.


        This announcement is dated 5th January 2015.


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