February 23, 2015

Company announcements: AIRPORT-CN, HUNZPTY, COASTAL, MUDAJYA, ICAP, MEGB

AIRPORT-CN - Listing Information & Profile for Structured Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
NameAIRPORT-CN: CW MALAYSIA AIRPORTS HOLDINGS BERHAD (KIBB)  
Stock Name AIRPORT-CN  
Date Announced23 Feb 2015  
CategoryListing Information & Profile
Reference NoMI-150223-E0735

Instrument TypeStructured Warrants
Type of Structure WarrantsCall Warrants
DescriptionEuropean Style Non-Collateralised Cash-Settled  
Underlying StockMALAYSIA AIRPORTS HOLDINGS BERHAD
IssuerKENANGA INVESTMENT BANK BERHAD
Stock Code5014CN
Stock Short NameAIRPORT-CN
ISIN CodeMYL5014CNPC4
BoardStructured Warrants
SectorTRADING/SERVICES

Initial Listing Information

Listing Date12/02/2015
Term Sheet Date11/02/2015
Issue Date11/02/2015
Issue/ Ask PriceMYR 0.1500
Issue Size IndicatorUnit
Issue Size in Unit100,000,000
Maturity Date11/12/2015
Exercise/Strike/Conversion PriceMYR 7.4000
Revised Exercise/Strike/Conversion PriceMYR 7.0004 
Exercise/ Conversion Ratio8:1
Revised Exercise/ Conversion Ratio7.5680:1 
Settlement Type/ Convertible intoCash
Name and contact details of market maker
(if applicable)
Kenanga Investment Bank Berhad
c/o: Equity Derivatives and Structured Products
5th Floor, Kenanga International
Jalan Sultan Ismail
50250 Kuala Lumpur

Tel:03-2161 4059
Fax:03-2713 1378  
Circumstances under which the market maker may not be able to provide quotes
(if applicable)
Please refer to Section 5.2 of the Base Prospectus dated 29 September 2014.  


HUNZPTY - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHUNZA PROPERTIES BERHAD  
Stock Name HUNZPTY  
Date Announced23 Feb 2015  
CategoryGeneral Announcement
Reference NoCP-150223-9CEF9

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHUNZA PROPERTIES BERHAD (“HUNZPTY” OR “THE COMPANY”)

IN THE MATTER OF THE SUIT IN PENANG HIGH COURT, SUIT NO. 22NCVC-176-12/2014 OF LYE SIEW WENG (AS PUBLIC OFFICER FOR PERSATUAN KWANGTUNG DAN TENGCHOW, PULAU PINANG) WITH HUNZA PARADE DEVELOPMENT SDN. BHD.

Please refer to the attachment as per Appendix I for further details on the Material Litigation.

Attachments

HPB - Appendix I_230215.pdf
14 KB



COASTAL - OTHERS Coastal Contracts Bhd (“Coastal” or “Company”) – Vessel Sales Worth Approximately RM197 Million

Announcement Type: General Announcement
Company NameCOASTAL CONTRACTS BHD  
Stock Name COASTAL  
Date Announced23 Feb 2015  
CategoryGeneral Announcement
Reference NoCC-150223-61776

TypeAnnouncement
SubjectOTHERS
DescriptionCoastal Contracts Bhd (“Coastal” or “Company”) – Vessel Sales Worth Approximately RM197 Million

Coastal is pleased to announce that its wholly-owned subsidiary has secured contracts for the sales of two units Offshore Support Vessels for an aggregate value of approximately RM197 million.

Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 23 February 2015, Coastal Group has about RM1.46 billion worth of vessels sales orders awaiting delivery to customers up to 2017.

The revenue stream from the latest contracts is expected to contribute positively to the earnings per share and net assets per share of Coastal Group for the financial years ending 31 December 2015 and 31 December 2017.

None of the directors and/or substantial shareholders of the Company and persons connected with them have any interest, direct or indirect, in the above transactions.

Attachments

Media Release - 2015 02 23.pdf
319 KB



MUDAJYA - Changes in Sub. S-hldr's Int. (29B) - FFHL Group Ltd ("FFHL Group")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUDAJAYA GROUP BERHAD  
Stock Name MUDAJYA  
Date Announced23 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMG-150223-64EFF

Particulars of substantial Securities Holder

NameFFHL Group Ltd ("FFHL Group")
Address95 Wellington Street West, Suite 800,
Toronto, Ontario, M5J 2N7, Canada
NRIC/Passport No/Company No.876516188
Nationality/Country of incorporationCanada
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each ("Shares")
Name & address of registered holderFirst Capital Insurance Limited
195000106 C
80 Robinson Road,
#09-02/03, Singapore 068898
(No. of Shares held : 24,263,700 Shares)
(Indirect)

Wentworth Insurance Company Ltd.
6408 Worthing Corporate Centre,
Worthing, Christ Church,
Barbados BB15008
(No. of Shares held : 822,000 Shares)
(Indirect)

Falcon Insurance Company (Hong Kong) Ltd.
55894 36/F The Lee Gardens,
33 Hysan Avenue,
Causeway Bay,
Hong Kong
(No. of Shares held : 6,325,000 Shares)
(Indirect)

The Pacific Insurance Berhad
Level 5 Menara Prudential,
10 Jalan Sultan Ismail,
50250 Kuala Lumpur,
Malaysia
(No. of Shares held : 6,600,000 Shares)
(Indirect)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired17/02/2015
102,700
 

Circumstances by reason of which change has occurredAcquisition of shares by First Capital Insurance Limited.
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)38,010,700 
Indirect/deemed interest (%)7.06 
Total no of securities after change38,010,700
Date of notice18/02/2015

Remarks :
FFHL Group is deemed interested in the shares by virtue of interest in following subsidiary companies pursuant to Section 6A of the Companies Act, 1965:-

1) Fairfax Financial Holdings Ltd owned 100% in FFHL Group.

2) FFHL Group's owned 100% in Fairfax (Barbados) International Corp.

3) Fairfax (Barbados) International Corp. owned 100% in Wentworth Insurance Company Ltd and 83.72% in Fairfax Asia Limited.

4) Fairfax Asia Limited owned 97.70% in First Capital Insurance Limited, 100% in Falcon Insurance Company (Hong Kong) Ltd and The Pacific Insurance Berhad.

The Form 29B was received by the Company on 23 February 2015.


MUDAJYA - Changes in Sub. S-hldr's Int. (29B) - Fairfax Financial Holdings Ltd ("FFHL")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUDAJAYA GROUP BERHAD  
Stock Name MUDAJYA  
Date Announced23 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMG-150223-64F02

Particulars of substantial Securities Holder

NameFairfax Financial Holdings Ltd ("FFHL")
Address95 Wellington Street West, Suite 800,
Toronto, Ontario, M5J 2N7, Canada
NRIC/Passport No/Company No.101728897
Nationality/Country of incorporationCanada
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each ("Shares")
Name & address of registered holderFirst Capital Insurance Limited
195000106 C
80 Robinson Road,
#09-02/03, Singapore 068898
(No. of Shares held : 24,263,700 Shares)
(Indirect)

Wentworth Insurance Company Ltd.
6408 Worthing Corporate Centre,
Worthing, Christ Church,
Barbados BB15008
(No. of Shares held : 822,000 Shares)
(Indirect)

Falcon Insurance Company (Hong Kong) Ltd.
55894 36/F The Lee Gardens,
33 Hysan Avenue,
Causeway Bay,
Hong Kong
(No. of Shares held : 6,325,000 Shares)
(Indirect)

The Pacific Insurance Berhad
Level 5 Menara Prudential,
10 Jalan Sultan Ismail,
50250 Kuala Lumpur,
Malaysia
(No. of Shares held : 6,600,000 Shares)
(Indirect)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired17/02/2015
102,700
 

Circumstances by reason of which change has occurredAcquisition of shares by First Capital Insurance Limited.
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)38,010,700 
Indirect/deemed interest (%)7.06 
Total no of securities after change38,010,700
Date of notice18/02/2015

Remarks :
FFHL is deemed interested in the shares by virtue of interest in following subsidiary companies pursuant to Section 6A of the Companies Act, 1965:-

1) FFHL owned 100% in FFHL Group Ltd.

2) FFHL Group Ltd’s owned 100% in Fairfax (Barbados) International Corp.

3) Fairfax (Barbados) International Corp. owned 100% in Wentworth Insurance Company Ltd and 83.72% in Fairfax Asia Limited.

4) Fairfax Asia Limited owned 97.70% in First Capital Insurance Limited, 100% in Falcon Insurance Company (Hong Kong) Ltd and The Pacific Insurance Berhad.

The Form 29B was received by the Company on 23 February 2015.


MUDAJYA - Changes in Sub. S-hldr's Int. (29B) - Fairfax (Barbados) International Corp. ("FBIC")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUDAJAYA GROUP BERHAD  
Stock Name MUDAJYA  
Date Announced23 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMG-150223-64EFE

Particulars of substantial Securities Holder

NameFairfax (Barbados) International Corp. ("FBIC")
AddressWorthing Corporate Centre,
Worthing, Christ Church,
Barbados BB15008
NRIC/Passport No/Company No.16945
Nationality/Country of incorporationBarbados
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each ("Shares")
Name & address of registered holderFirst Capital Insurance Limited
195000106 C
80 Robinson Road,
#09-02/03, Singapore 068898
(No. of Shares held : 24,263,700 Shares)
(Indirect)

Wentworth Insurance Company Ltd.
6408 Worthing Corporate Centre,
Worthing, Christ Church,
Barbados BB15008
(No. of Shares held : 822,000 Shares)
(Indirect)

Falcon Insurance Company (Hong Kong) Ltd.
55894 36/F The Lee Gardens,
33 Hysan Avenue,
Causeway Bay,
Hong Kong
(No. of Shares held : 6,325,000 Shares)
(Indirect)

The Pacific Insurance Berhad
Level 5 Menara Prudential,
10 Jalan Sultan Ismail,
50250 Kuala Lumpur,
Malaysia
(No. of Shares held : 6,600,000 Shares)
(Indirect)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired17/02/2015
102,700
 

Circumstances by reason of which change has occurredAcquisition of shares by First Capital Insurance Limited.
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)38,010,700 
Indirect/deemed interest (%)7.06 
Total no of securities after change38,010,700
Date of notice18/02/2015

Remarks :
FBIC is deemed interested in the shares by virtue of interest in following subsidiary companies pursuant to Section 6A of the Companies Act, 1965:-

1) Fairfax Financial Holdings Ltd owned 100% in FFHL Group Ltd.

2) FFHL Group Ltd owned 100% in FBIC.

3) FBIC owned 100% in Wentworth Insurance Company Ltd and 83.72% in Fairfax Asia Limited.

4) Fairfax Asia Limited owned 97.70% in First Capital Insurance Limited, 100% in Falcon Insurance Company (Hong Kong) Ltd and The Pacific Insurance Berhad.

The Form 29B was received by the Company on 23 February 2015.


MUDAJYA - Changes in Sub. S-hldr's Int. (29B) - Fairfax Asia Limited ("FAL")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUDAJAYA GROUP BERHAD  
Stock Name MUDAJYA  
Date Announced23 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMG-150223-64EE5

Particulars of substantial Securities Holder

NameFairfax Asia Limited ("FAL")
AddressWorthing Corporate Centre,
Worthing, Christ Church,
Barbados BB15008
NRIC/Passport No/Company No.23105
Nationality/Country of incorporationBarbados
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each ("Shares")
Name & address of registered holderFirst Capital Insurance Limited
195000106 C
80 Robinson Road,
#09-02/03, Singapore 068898
(No. of Shares held : 24,263,700 Shares)
(Indirect)

Falcon Insurance Company (Hong Kong) Ltd.
55894 36/F The Lee Gardens,
33 Hysan Avenue,
Causeway Bay,
Hong Kong
(No. of Shares held : 6,325,000 Shares)
(Indirect)

The Pacific Insurance Berhad
Level 5 Menara Prudential,
10 Jalan Sultan Ismail,
50250 Kuala Lumpur,
Malaysia
(No. of Shares held : 6,600,000 Shares)
(Indirect)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired17/02/2015
102,700
 

Circumstances by reason of which change has occurredAcquisition of shares by First Capital Insurance Limited.
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)37,188,700 
Indirect/deemed interest (%)6.91 
Total no of securities after change37,188,700
Date of notice18/02/2015

Remarks :
FAL is deemed interested in the shares by virtue of interest in following subsidiary companies pursuant to Section 6A of the Companies Act, 1965:-

1) Fairfax Financial Holdings Ltd owned 100% in FFHL Group Ltd.

2) FFHL Group Ltd owned 100% in Fairfax (Barbados) International Corp.

3) Fairfax (Barbados) International Corp. owned 100% in Wentworth Insurance Company Ltd and 83.72% in FAL.

4) FAL owned 97.70% in First Capital Insurance Limited, 100% in Falcon Insurance Company (Hong Kong) Ltd and The Pacific Insurance Berhad.

5) Wentworth Insurance Company Ltd is 100% owned by Fairfax (Barbados) International Corp.

The Form 29B was received by the Company on 23 February 2015.


MUDAJYA - Changes in Sub. S-hldr's Int. (29B) - Odyssey Reinsurance Company ("Odyssey")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMUDAJAYA GROUP BERHAD  
Stock Name MUDAJYA  
Date Announced23 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMG-150223-64EFA

Particulars of substantial Securities Holder

NameOdyssey Reinsurance Company ("Odyssey")
Address300 First Stamford Place, Stamford,
CT 06902, USA
NRIC/Passport No/Company No.47-0698507
Nationality/Country of incorporationConnecticut, USA
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each ("Shares")
Name & address of registered holderFirst Capital Insurance Limited
195000106 C
80 Robinson Road,
#09-02/03, Singapore 068898
(No. of Shares held : 24,263,700 Shares)
(Indirect)

Falcon Insurance Company (Hong Kong) Ltd.
55894 36/F The Lee Gardens,
33 Hysan Avenue,
Causeway Bay,
Hong Kong
(No. of Shares held : 6,325,000 Shares)
(Indirect)

The Pacific Insurance Berhad
Level 5 Menara Prudential,
10 Jalan Sultan Ismail,
50250 Kuala Lumpur,
Malaysia
(No. of Shares held : 6,600,000 Shares)
(Indirect)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired17/02/2015
102,700
 

Circumstances by reason of which change has occurredAcquisition of shares by First Capital Insurance Limited.
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)37,188,700 
Indirect/deemed interest (%)6.91 
Total no of securities after change37,188,700
Date of notice18/02/2015

Remarks :
Odyssey is deemed interested in the shares by virtue of interest in following subsidiary companies pursuant to Section 6A of the Companies Act, 1965:-

1) Odyssey owned 16.28% in Fairfax Asia Limited.

2) Fairfax Asia Limited owned 97.70% in First Capital Insurance Limited, 100% in Falcon Insurance Company (Hong Kong) Ltd and The Pacific Insurance Berhad.

The Form 29B was received by the Company on 23 February 2015.


ICAP - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameICAPITAL.BIZ BERHAD  
Stock Name ICAP  
Date Announced23 Feb 2015  
CategoryGeneral Announcement
Reference NoCK-150218-B4729

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionOn behalf of the Board of icapital.biz Berhad, we wish to announce that the Net Asset Value per share of icapital.biz Berhad as at 18 February 2015 was RM2.95.



MEGB - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameMASTERSKILL EDUCATION GROUP BERHAD  
Stock Name MEGB  
Date Announced23 Feb 2015  
CategoryGeneral Announcement
Reference NoCM-150223-59891

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionMASTERSKILL EDUCATION GROUP BERHAD (“MEGB” or “the Company”)
- Update on Material Litigation

Further to MEGB's announcement dated 18th February 2015 pertaining to the existing material litigation on Masterskill (M) Sdn Bhd vs Kemacahaya Development Sdn Bhd (First Defendant), K. Pasupathy (Second Defendant), Chin Yam Meng (Third Defendant), Leng Kok Onn (Fourth Defendant) and Syarikat Kemacahaya Sdn Bhd (Fifth Defendant), MEGB wishes to announce that the Second Defendant had on 10th February 2015 filed in a Notice of Appeal dated 10th February 2015 to appeal against the decision of the Honorable Judge of the High Court dismissing the Second Defendant’s application to amend his amended Statement of Claim dated 12th May 2008 in suit no. S6-22-589-2008 and served it on MEGB's counsel on the same date. The sealed Notice of Appeal was served on MEGB on the 18th February 2015 and MEGB will resist such appeal.

This announcement is dated 23rd February 2015.



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