February 13, 2015

Company announcements: ACME, AEM, JAYCORP, PMBTECH, CAB, TGOFFS, DIALOG, MAHSING, BREM

ACME - Quarterly rpt on consolidated results for the financial period ended 31/12/2014

Announcement Type: Financial Results
Company NameACME HOLDINGS BERHAD  
Stock Name ACME  
Date Announced12 Feb 2015  
CategoryFinancial Results
Reference NoCA-150212-61763

Financial Year End31/03/2015
Quarter3
Quarterly report for the financial period ended31/12/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2014
31/12/2013
31/12/2014
31/12/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
11,219
0
31,806
0
2Profit/(loss) before tax
1,845
0
4,605
0
3Profit/(loss) for the period
1,195
0
2,824
0
4Profit/(loss) attributable to ordinary equity holders of the parent
1,195
0
2,838
0
5Basic earnings/(loss) per share (Subunit)
0.57
0.00
1.35
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2561
0.2426

Remarks :
There are no comparative figures disclosed for the current quarter and the cumulative period-to-date of the preceding quarter following the change in the financial year end from January 2014 to March 2014.
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


AEM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameAE MULTI HOLDINGS BERHAD  
Stock Name AEM  
Date Announced12 Feb 2015  
CategoryGeneral Announcement
Reference NoCC-150211-39847

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionNotification of dealings by Directors in the securities of AE Multi Holdings Berhad ("AEM" or "the Company") during closed period

In accordance with paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Mr. Yang Wu-Hsiung and Mr. Yang Chao-Tung, Directors of AEM had transacted dealings in the securities of AEM during closed period. The details as set out below:

Name of Director: Yang Wu-Hsiung

Open market disposal (Warrant)

Date

Price

(RM per share)

No. of warrant disposed

% of warrant

disposed

11.2.2015

0.065

784,200

1.19

Name of Director: Yang Chao-Tung

Open market disposal (Warrant)

Date

Price

(RM per share)

No. of warrant disposed

% of warrant

disposed

11.2.2015

0.065

2,188,700

3.32

This announcement is dated 12 February 2015.



JAYCORP - OTHERS JAYCORP BERHAD (“JAYCORP” OR “THE COMPANY”) SUBSCRIPTION OF 51% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF INSTYLE SOFA SDN BHD

Announcement Type: General Announcement
Company NameJAYCORP BERHAD  
Stock Name JAYCORP  
Date Announced12 Feb 2015  
CategoryGeneral Announcement
Reference NoCC-150211-54786

TypeAnnouncement
SubjectOTHERS
DescriptionJAYCORP BERHAD (“JAYCORP” OR “THE COMPANY”)
SUBSCRIPTION OF 51% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF INSTYLE SOFA SDN BHD

1. INTRODUCTION

The Board of Directors of Jaycorp wishes to announce that the Company had on 12 February 2015 entered into a Subscription Agreement (“SA”) with Instyle Sofa Sdn Bhd (“ISSB”) to subscribe for 1,041,000 new ordinary shares of RM1.00 each (“Subscription Shares”), representing 51% of the enlarged issued and paid-up share capital of ISSB, for a total cash consideration of Ringgit Malaysia Four Million Two Hundred Thousand Eighteen and Sen Sixty only (RM4,200,018.60) (“Subscription Consideration”) (“Subscription”). Subsequent to the Subscription, ISSB becomes a 51%-owned subsidiary of Jaycorp.

2. DETAILS OF THE SUBSCRIPTION

2.1 Information on ISSB

ISSB was incorporated on 26 May 2003 in Malaysia under the Companies Act, 1965.

The authorised share capital of ISSB is RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each and the issued and paid-up share capital is RM1,000,000 divided into 1,000,000 ordinary shares of RM1.00 each.

The authorised share capital and issued and paid-up share capital of ISSB would be increased accordingly to facilitate the Subscription.

ISSB is principally engaged in manufacturing of sofa sets, bed sets, chairs and upholstery works.

2.2 Basis of Subscription Consideration and Source of Funding

The Subscription Consideration was arrived at on a “willing buyer willing seller” basis, at a 47% discount to the adjusted net tangible assets of ISSB as at 31 October 2014. The Subscription Consideration would be funded through internally generated funds.

2.3 Estimated time frame for completion of the Subscription

The Subscription is expected to be completed by the first quarter of the year 2015 (“Completion Date”).

2.4 Salient terms of the SA

(a) The obligations of ISSB to issue the Subscription Shares and Jaycorp to subscribe for the same is conditional upon the following Conditions Precedent being satisfied or fulfilled within the one (1) month commencing from the date of the SA (“CP Period”) with an automatic extension for a further period of one (1) month from the last day of the CP Period or such other extended period as Jaycorp and ISSB may mutually agree, the case may be:-

(i) ISSB obtaining the approval of its shareholders at a general meeting for the allotment and issue of the Subscription Shares to Jaycorp at the Subscription Consideration (if required);

(ii) Jaycorp obtaining the approval of its board of directors and shareholders (if required) to enter into the SA and to subscribe for the Subscription Shares at the Subscription Consideration upon the terms and conditions of the SA;

(iii) Jaycorp being reasonably satisfied with the result of the legal and financial due diligence to be conducted on ISSB;

(iv) Jaycorp being reasonably satisfied that the business of ISSB is carried out in the same manner as ordinarily carried out and ISSB has not disposed of any material assets or assume or incurred any material liabilities (including contingent liabilities) other than those incurred in the ordinary course of business during the period from the date of the SA to the Completion Date;

(v) the directors of ISSB, to execute personal guarantee and indemnity for Ringgit Malaysia Five Hundred Thousand (RM500,000.00) only (“Additional Consideration”) in favour of Jaycorp to further guarantee the repayment of the Additional Consideration paid under the SA;

(vi) ISSB to increase its authorised share capital to facilitate the issue and allotment of the Subscription Shares to Jaycorp;

(vii) ISSB to obtain the approval and/or consent from the ISSB’s financier(s) to carry out the allotment and issue of the Subscription Shares to Jaycorp;

(viii) a shareholder agreement to be entered into by Jaycorp, ISSB and the existing shareholders of ISSB to govern their relationship as shareholders of ISSB; and

(ix) if required, the approvals, consents, authorisations, permits or waivers of any other relevant governmental or regulatory body and/or any other third parties necessary or appropriate to carry out the allotment and issue of the Subscription Shares pursuant to the terms of the SA having been obtained.

(b) Upon the Conditions Precedent being fulfilled or waived by ISSB and Jaycorp (“Unconditional Date”), Jaycorp shall subscribe for the Subscription Shares and in consideration thereof Jaycorp shall pay Ringgit Malaysia Four Million Two Hundred Thousand Eighteen and Sen Sixty only (RM4,200,018.60) to ISSB in the following manner:-

(i) the sum of Ringgit Malaysia Eight Hundred Thousand (RM800,000.00) only being the deposit for the Subscription Shares paid to ISSB prior to the date of the SA, receipt whereof ISSB acknowledges and in the event completion of the Subscription, such sum shall form part payment towards the Subscription Consideration;

(ii) the Additional Consideration shall be paid to ISSB upon the execution of the SA and subject to all terms and conditions therein; and

(iii) the sum of Ringgit Malaysia Two Million Nine Hundred Thousand Eighteen and Sen Sixty (RM2,900,018.60) only shall be paid to ISSB within on or before fourteen (14) business days from the Unconditional Date or such other extended period as Jaycorp and ISSB may mutually agree in writing, on which the Subscription Consideration is paid by Jaycorp to ISSB in full and the Subscription Shares issued and allotted to Jaycorp subject to all terms and conditions therein.

3. LIABILITIES TO BE ASSUMED

There are no liabilities, including contingent liabilities and guarantees to be assumed by Jaycorp arising from the Subscription.

4. RATIONALE AND PROSPECTS

The Subscription will be strategic and beneficial to Jaycorp and its subsidiaries’ (“Jaycorp Group”) furniture division as it provides an opportunity for Jaycorp Group to tap onto ISSB’s expertise and diversify into new export market segments such as sofa and non rubberwood furniture products.

The Board believes that the prospect of the furniture industry is bright and still growing. The Malaysia furniture export for the nine months from January 2014 to September 2014 was RM5,904.8 million, a 11.9% growth compared to the same period last year. (source: Malaysia Furniture Promotion Council). Increased demand from major export destinations such as the United States of America, Japan and Australia for Malaysian-made furniture contributed to higher output. (Source: Economic Report 2014/2015).

Therefore, the investment in ISSB provides an opportunity for Jaycorp Group to seek out new markets in the furniture industry to maintain financial growth.

5. RISK FACTORS

Save and except for general economic risk, business risk and investment risk commonly associated with subscription of shares, the Board does not foresee any material risk involved in relation to the Subscription.

6. FINANCIAL EFFECTS OF THE SUBSCRIPTION

(a) Earnings per share

The Subscription will not have any material effect on the earnings per share and net assets per share of Jaycorp for the financial year ending 31 July 2015.

(b) Gearing

The Subsription has no material effect on the gearing of Jaycorp.

(c) Net assets per share

The Subsription is not expected to have any material effect on the net assets per share of Jaycorp for the financial year ending 31 July 2015.

(d) Share capital and substantial shareholders' shareholding

The Subsription is not expected to have any impact on the share capital and substantial shareholders’ shareholding as the Subsription does not involve any issuance of the Company’s shares.

7. DIRECTORS AND MAJOR SHAREOLDERS' INTEREST AND PERSONS CONNECTED TO DIRECTORS AND MAJOR SHAREHOLDERS

None of the Directors and/or major shareholders of Jaycorp and/or persons connected with them have any interests, direct or indirect, in the Subscription.

8. STATEMENT BY DIRECTORS

The Board of Directors, having considered all aspects of the Subcription, is of the view that the Subscription is in the best interest of the Jaycorp Group.

9. APPROVAL REQUIRED

The Subsription is not subject to the approval of the shareholders of Jaycorp and any other relevant authorities and is not conditional upon any other corporate exercise undertaken by Jaycorp.

10. HIGHEST PERCENTAGE RATIO

The highest percentage ratio applicable to the Subscription pursuant to paragraph 10.02(g) of the Main Market Listing Requirements is 5.40%.

11. DOCUMENTS FOR INSPECTION

The SA may be inspected at the Registered office at JA 1180, Batu 22 1/2, Parit Perawas, Sungai Rambai, 77400 Melaka, Malaysia during normal business hours from Mondays to Fridays (except public holidays) within three (3) months from the date of this announcement.

This announcement is dated 12 February 2015.



PMBTECH - Quarterly rpt on consolidated results for the financial period ended 31/12/2014

Announcement Type: Financial Results
Company NamePMB TECHNOLOGY BERHAD  
Stock Name PMBTECH  
Date Announced12 Feb 2015  
CategoryFinancial Results
Reference NoCC-150211-65850

Financial Year End31/12/2014
Quarter4
Quarterly report for the financial period ended31/12/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2014
31/12/2013
31/12/2014
31/12/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
91,634
75,802
328,570
281,883
2Profit/(loss) before tax
1,967
3,199
9,137
10,485
3Profit/(loss) for the period
1,432
2,136
6,602
7,555
4Profit/(loss) attributable to ordinary equity holders of the parent
1,432
2,136
6,602
7,555
5Basic earnings/(loss) per share (Subunit)
1.85
2.76
8.52
9.75
6Proposed/Declared dividend per share (Subunit)
1.00
1.00
3.00
3.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.7100
1.6300
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


PMBTECH - Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NamePMB TECHNOLOGY BERHAD  
Stock Name PMBTECH  
Date Announced12 Feb 2015  
CategoryEntitlements (Notice of Book Closure)
Reference NoCC-150211-67399

EX-date17/03/2015
Entitlement date19/03/2015
Entitlement time05:00:00 PM
Entitlement subjectInterim Dividend
Entitlement descriptionThird interim single tier dividend of 2% per share of RM0.50 each for the financial year ended 31 December 2014
Period of interest payment to
Financial Year End31/12/2014
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noTricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Tel: 03-22643883
Payment date 09/04/2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers19/03/2015 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorPercentage
Entitlement in percentage (%)2


CAB - CAB-BONUS ISSUE OF 65,780,450 WARRANTS IN CAB (“WARRANTS”) ON THE BASIS OF ONE WARRANT FOR EVERY TWO EXISTING ORDINARY SHARES OF RM0.50 EACH IN CAB (“BONUS ISSUE OF WARRANTS”)

Announcement Type: Listing Circular
Company NameCAB CAKARAN CORPORATION BERHAD  
Stock Name CAB  
Date Announced12 Feb 2015  
CategoryListing Circular
Reference NoTE-150212-40809

LISTING'S CIRCULAR NO. L/Q : 72460 OF 2015

Kindly be advised that CAB’s 65,780,450 Warrants issued pursuant to the Bonus Issue of Warrants will be admitted to the Official List of Bursa Malaysia Securities Berhad and the listing and quotation of the Warrants on the Main Market will be granted with effect from 9.00 a.m., Friday, 13 February 2015.

The Stock Short Name, ISIN Code and Stock Number of the Warrants are "CAB-WA", "MYL7174WAU24" and "7174WA" respectively.



TGOFFS - Notice of Interest Sub. S-hldr (29A) - Rahmandin @ Rahmanudin bin Md. Shamsudin

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameTANJUNG OFFSHORE BERHAD  
Stock Name TGOFFS  
Date Announced12 Feb 2015  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCA-150211-33F44

Particulars of Substantial Securities Holder

NameRahmandin @ Rahmanudin bin Md. Shamsudin
AddressNo. 2, Jalan SS19/3C
Subang Jaya
47500 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.550824-07-5643
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderRahmandin @ Rahmanudin bin Md. Shamsudin
No. 2, Jalan SS19/3C
Subang Jaya
47500 Petaling Jaya
Selangor Darul Ehsan

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired11/02/2015
No of securities37,183,900
Circumstances by reason of which Securities Holder has interestAcquisition
Nature of interestDirect
Price Transacted ($$)

Total no of securities after change

Direct (units)37,183,900 
Direct (%)9.99 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice12/02/2015


DIALOG - OTHERS PLACEMENT OF SHARES BY A DIRECTOR AND MAJOR SHAREHOLDER

Announcement Type: General Announcement
Company NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced12 Feb 2015  
CategoryGeneral Announcement
Reference NoDG-150212-45520

TypeAnnouncement
SubjectOTHERS
DescriptionPLACEMENT OF SHARES BY A DIRECTOR AND MAJOR SHAREHOLDER

Dialog Group Berhad (“DIALOG”) wishes to announce that its Executive Chairman and major shareholder, Tan Sri Dr Ngau Boon Keat has notified DIALOG that he and parties connected to him have today successfully placed out a total of 85.6 million ordinary shares of RM0.10 each in DIALOG (“placement shares”), representing approximately 1.7% of the current total paid-up share capital of DIALOG, to certain institutional investors.

Following the placement of the placement shares, Tan Sri Dr Ngau Boon Keat and parties connected to him are committed to convert their warrants into ordinary shares in DIALOG within the next few weeks. Tan Sri Dr Ngau Boon Keat and parties connected to him intend to mainly utilise the net proceeds from the placement to exercise their current holdings of up to 108,329,887 warrants in DIALOG into ordinary shares of DIALOG.

Upon conversion, the ordinary shares represents 108,329,887 ordinary shares or approximately 2.1% of the enlarged total paid-up share capital of DIALOG and the total interest of Tan Sri Dr Ngau Boon Keat and parties connected to him will be 1,181,340,735 ordinary shares or approximately 23.3% of the enlarged total paid-up share capital of DIALOG.

The net effect of the placement and conversion of warrants by Tan Sri Dr Ngau Boon Keat and parties connected to him will be the increase in the working capital of DIALOG which can be utilised to finance DIALOG’s investment commitments in the recently announced Pengerang Terminal Phase 2 Project and Pengerang LNG Project as well as maintain a healthy net gearing ratio for DIALOG, which stood at 0.19 as at 31 December 2014.

This announcement is dated 12 February 2015.



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

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced12 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMS-150212-B8B5A

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board ("EPF")
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 holder1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board

2. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (RHB INV)

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)
Disposed09/02/2015
625,000
 

Circumstances by reason of which change has occurredDisposal of shares by EPF's fund manager
Nature of interestDirect
Direct (units)116,227,392 
Direct (%)7.868 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change116,227,392
Date of notice10/02/2015

Remarks :
Form 29B received on 12 February 2015.


BREM - Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameBREM HOLDING BERHAD  
Stock Name BREM  
Date Announced12 Feb 2015  
CategoryEntitlements (Notice of Book Closure)
Reference NoCS-150210-64256

EX-date03/03/2015
Entitlement date05/03/2015
Entitlement time04:00:00 PM
Entitlement subjectInterim Dividend
Entitlement descriptionInterim Single Tier Dividend of 3% in respect of the financial year ending 31 March 2015.
Period of interest payment to
Financial Year End31/03/2015
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noInsurban Corporate Services Sdn. Bhd.
149-B, Jalan Aminuddin Baki,
Taman Tun Dr. Ismail,
60000 Kuala Lumpur
Tel No.: 03-7729 5529
Payment date 18/03/2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers05/03/2015 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorPercentage
Entitlement in percentage (%)3


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