February 23, 2015

Company announcements: FGV, BJAUTO, IOIPG, HLCAP, GOLDIS, GPHAROS, PARKSON, CHHB

FGV - OTHERS JOINT VENTURE BETWEEN FELDA GLOBAL VENTURES DOWNSTREAM SDN. BHD. WITH LIPID VENTURE SDN. BHD. FOR THE EXTRACTION AND PRODUCTION OF TOCOTRIENOL FROM REFINED BLEACHED PALM OIL

Announcement Type: General Announcement
Company NameFELDA GLOBAL VENTURES HOLDINGS BERHAD  
Stock Name FGV  
Date Announced23 Feb 2015  
CategoryGeneral Announcement
Reference NoFG-150223-40511

TypeAnnouncement
SubjectOTHERS
DescriptionJOINT VENTURE BETWEEN FELDA GLOBAL VENTURES DOWNSTREAM SDN. BHD. WITH LIPID VENTURE SDN. BHD. FOR THE EXTRACTION AND PRODUCTION OF TOCOTRIENOL FROM REFINED BLEACHED PALM OIL




Further to the announcement dated 13 November 2013, Felda Global Ventures Holdings Berhad ("FGV") wishes to announce that Felda Global Ventures Downstream Sdn. Bhd. ("FGVD"), a wholly owned subsidiary of FGV, has exercised its option to purchase 20% of the issued and paid-up share capital of FGV Lipid Venture Sdn. Bhd. (“FGV Lipid”)  from Lipid Venture Sdn. Bhd. (“LVSB”) by way of Supplemental Agreement dated 28 January 2015 (“Supplemental Agreement”) to the Joint Venture and Shareholders' Agreement between FGVD and LVSB dated 13 November 2013 (“JVA”). 

  

Pursuant thereto, FGVD has raised its shareholdings in FGV Lipid from current 40% to 60% and resulting to FGV Lipid becoming a subsidiary of FGVD.

  

 None of the Directors nor major shareholders of FGV or persons connected with them has any interest, direct or indirect, in the Supplemental Agreement and/or the JVA.

  

 This announcement is dated 23 February 2015.

 

 



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

Announcement Type: General Announcement
Company NameBERJAYA AUTO BERHAD  
Stock Name BJAUTO  
Date Announced23 Feb 2015  
CategoryGeneral Announcement
Reference NoBA-150223-2841D

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionFurther to our announcement dated 16 February 2015 on the above and pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in relation to the directors' dealings in securities of a listed issuer during the closed period, we wish to inform that Dato' Sri Yeoh Choon San, the Chief Executive Officer of Berjaya Auto Berhad ("the Company"), is deemed to have purchased the ordinary shares of the Company as set out in the table below.

 

Deemed Interest

- held through Podium Success Sdn Bhd

Date of Acquisition

Price per Ordinary Share (RM)

No. of Ordinary Shares

% of Ordinary Shares

23.2.2015

3.23

2,700,000

0.33

 

 

 


 


IOIPG - 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 NameIOI PROPERTIES GROUP BERHAD  
Stock Name IOIPG  
Date Announced23 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIP-150223-4F7CD

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 RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
Level 42, Menara Citibank, 165 Jalan Ampang,
50450 Kuala Lumpur
(Disposal of 1,000,000 shares on 16 February 2015. Following the disposal, currently held 297,733,986 shares)

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (Affin-HWG)
(There is no change in shareholding. Currently held 10,360,000 shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed16/02/2015
1,000,000
 

Circumstances by reason of which change has occurredDisposal of equity managed by Portfolio Manager
Nature of interestDirect
Direct (units)308,093,986 
Direct (%)8.15 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change308,093,986
Date of notice17/02/2015

Remarks :
We received the Form 29B of EMPLOYEES PROVIDENT FUND BOARD on 23 February 2015.


HLCAP - PUBLIC SHAREHOLDINGS SPREAD

Announcement Type: General Announcement
Company NameHONG LEONG CAPITAL BERHAD  
Stock Name HLCAP  
Date Announced23 Feb 2015  
CategoryGeneral Announcement
Reference NoHC-150223-513BE

TypeAnnouncement
SubjectPUBLIC SHAREHOLDINGS SPREAD
DescriptionHONG LEONG CAPITAL BERHAD ("HLCB" OR THE "COMPANY")

Status Announcement on Compliance with the Required Public Shareholding Spread

We refer to the announcement dated 12 February 2015.

HLCB writes to inform that the Company has on 23 February 2015 written to Bursa Malaysia Securities Berhad ("Bursa Securities") to appeal against Bursa Securities' decision to impose a suspension on the trading of HLCB's securities.

As stated in our earlier announcement dated 12 February 2015, in the event HLCB submits an appeal to Bursa Securities, the suspension on the trading of HLCB’s securities on 3 March 2015 will be deferred pending the decision on HLCB’s appeal by Bursa Securities.

This announcement is dated 23 February 2015.



GOLDIS - Profile for Preference Shares

Announcement Type: Listing Information & Profile
Company NameGOLDIS BERHAD  
Stock Name GOLDIS-PA  
Date Announced23 Feb 2015  
CategoryListing Information & Profile
Reference NoMM-150218-37007

Instrument TypePreference Shares
DescriptionRedeemable convertible cumulative preference shares ("RCPS")  
Listing Date24/02/2015
Issue Date16/02/2015
Issue/ Ask PriceMYR 1.0000
Issue Size IndicatorUnit
Issue Size in Unit455,727,027
Maturity Date16/02/2020
Revised Maturity Date 
Exercise/ Conversion Period5.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 2.2800
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio2.28 RCPS : 1 new ordinary share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceTendering of securities
Settlement Type/ Convertible intoPhysical (Shares)

Remarks :
The Rights Issue of RCPS will be completed with the listing of and quotation for 455,727,027 RCPS on the Main Market of Bursa Malaysia Securities Berhad on 24 February 2015.

The RCPS is for a tenure of five (5) years from and including its issue date of 16 February 2015 (“Issue Date”) and shall be convertible into such number of new ordinary shares of Goldis (“Goldis Shares”) at the conversion price of RM2.28 (“Conversion Price”), at the option of the RCPS holder, at any time from the date of the listing of the RCPS up to and including its maturity date of 16 February 2020 (“Maturity Date”). Should the Maturity Date fall on a day which is not a Market Day, it shall be the Market Day immediately preceding the Maturity Date. The conversion of the RCPS will not require any cash payment from the RCPS holders. The Conversion Price shall be satisfied by the RCPS holders surrendering the requisite number of RCPS for cancellation by Goldis.

The Conversion Price is subject to adjustments in the event of any alteration to Goldis’ share capital in accordance with the provisions of Goldis’ Articles of Association.

The RCPS shall carry the right to receive cumulative preferential dividends at rates described below, calculated based on the RCPS’ issue price of RM1.00 each (“Issue Price”):

(a) From and including the Issue Date until but excluding the 3rd anniversary of the Issue Date (4.0% per annum);

(b) From and including the 3rd anniversary of the Issue Date until but excluding the 4th anniversary of the Issue Date (4.5% per annum); and

(c) From and including the 4th anniversary of the Issue Date until but excluding the Maturity Date (5.0% per annum).

All outstanding RCPS, unless previously converted shall be redeemable at the option of Goldis, in full or in part, at any time from and including the third (3rd) anniversary of the Issue Date up to the day immediately preceding the Maturity Date, but always subject to applicable laws. Goldis shall give not less than 30 days’ notice to the RCPS holders prior to the redemption date. The notice shall state the book closure date to be used to determine the identities of the RCPS holders entitled to receive the redemption payment. During such notice period but not later than nine (9) Market Days prior to the redemption date, the RCPS holders shall be entitled to exercise their conversion rights. Redemption shall be in cash and in one lump sum at a redemption price calculated as follows:

(a) the dividends declared up to the redemption date less any dividends paid; and

(b) after payment of any dividend payable under subparagraph (a) above, and prior and in preference to any payment or distribution (or any setting apart of any payment or distribution) of any available funds and assets on any Goldis Shares or junior securities (i.e. any other class of shares or other securities which by its terms ranks below the RCPS, e.g. specific classes of ordinary or preference shares which rank below the RCPS), an amount per share equal to the Issue Price.

Any RCPS not redeemed or converted on the Maturity Date shall be automatically converted into new Goldis Shares.

This profile announcement is dated 23 February 2015.


GPHAROS - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameGOLDEN PHAROS BERHAD  
Stock Name GPHAROS  
Date Announced23 Feb 2015  
CategoryChange in Boardroom
Reference NoCK-150212-546EA

Date of change23/02/2015
NameDato' Haji Osman Bin Muda
Age58
NationalityMalaysian
Type of changeAppointment
DesignationDirector
DirectorateNon Independent & Non Executive
QualificationsM. SC. (HRD) UPM
B A SOCIAL SCIENCE (HONS) UPM  
Working experience and occupation 1. SETIAUSAHA KERAJAAN NEGERI TERENGGANU
2. PEGAWAI KEWANGAN NEGERI TERENGGANU
3. PENGURUS BESAR SEDC TERENGGANU
4. PENGARAH TANAH & GALIAN TERENGGANU
5. SETIAUSAHA SULIT KANAN YAB MENTERI BESAR TERENGGANU
6. PEGAWAI DAERAH MARANG
7. SETIAUSAHA DEWAN UNDANGAN NEGERI TERENGGANU  
Directorship of public companies (if any)NIL 
Family relationship with any director and/or major shareholder of the listed issuerNIL 
Any conflict of interests that he/she has with the listed issuerNIL 
Details of any interest in the securities of the listed issuer or its subsidiariesNIL 

Remarks :
Gender: Male


PARKSON - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NamePARKSON HOLDINGS BERHAD  
Stock Name PARKSON  
Date Announced23 Feb 2015  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoPH-150223-62510

Date of buy back23/02/2015
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)660,000
Minimum price paid for each share purchased ($$)2.350
Maximum price paid for each share purchased ($$)2.350
Total consideration paid ($$)1,556,318.30
Number of shares purchased retained in treasury (units)660,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)69,063,229
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 (%)6.31


CHHB - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameCOUNTRY HEIGHTS HOLDINGS BHD  
Stock Name CHHB  
Date Announced23 Feb 2015  
CategoryGeneral Announcement
Reference NoCH-150210-CC0B7

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionCOUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB" OR "THE COMPANY")
- Quarterly Disclosure Pursuant to Paragraph 8.23(2)(e) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements

1. Introduction

Pursuant to Paragraph 8.23(1)(ii) and Practice Note No. 11 of the Bursa Securities Main Market Listing Requirements, the Board of CHHB wishes to announce that the aggregate amount of financial assistance provided as at 31 December 2014 to facilitate the ordinary course of business of CHHB group is as per Table A below:-

TABLE A

No.Type of Financial AssistanceAmount (RM)
1.Corporate Guarantee in favour of Bank Pembangunan Malaysia Berhad as security for Term Loan Facility of RM15,000,000 ("the Facility").15,000,000

As at 31 December 2014, the Company has drawdown balance of RM6,968,011 of the Facility granted by Bank Pembangunan Malaysia Berhad.

2. Financial Impact

The Provision of Financial Assistance has no material effect to the earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholding of CHHB for the financial year ended 31 December 2014.

This announcement is dated 23 February 2015.



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

Announcement Type: Financial Results
Company NameCOUNTRY HEIGHTS HOLDINGS BHD  
Stock Name CHHB  
Date Announced23 Feb 2015  
CategoryFinancial Results
Reference NoCH-150217-55075

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
85,288
76,386
273,474
262,829
2Profit/(loss) before tax
18,465
19,636
52,044
49,314
3Profit/(loss) for the period
17,203
14,251
37,415
35,112
4Profit/(loss) attributable to ordinary equity holders of the parent
15,344
14,236
37,898
36,016
5Basic earnings/(loss) per share (Subunit)
5.57
5.16
13.75
13.06
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 ($$)
3.0007
2.8654
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


CHHB - OTHERS COUNTRY HEIGHTS HOLDINGS BERHAD ("THE COMPANY" OR "CHHB") - INVOLVEMENT IN LITIGATION - SHAH ALAM HIGH COURT, SUMMON NO.: 21-93-2010 [GOVERNMENT OF MALAYSIA VS. TIMBANG MAKMUR SDN BHD]

Announcement Type: General Announcement
Company NameCOUNTRY HEIGHTS HOLDINGS BHD  
Stock Name CHHB  
Date Announced23 Feb 2015  
CategoryGeneral Announcement
Reference NoCH-150223-55785

TypeAnnouncement
SubjectOTHERS
DescriptionCOUNTRY HEIGHTS HOLDINGS BERHAD ("THE COMPANY" OR "CHHB")
- INVOLVEMENT IN LITIGATION - SHAH ALAM HIGH COURT, SUMMON NO.: 21-93-2010
[GOVERNMENT OF MALAYSIA VS. TIMBANG MAKMUR SDN BHD]

Reference is made to the announcements on 30 March 2010, 31 March 2010 and 17 January 2013.

Timbang Makmur Sdn Bhd ("the Defendant"), an indirect wholly-owned subsidiary of the Company, filed an Application on 22 March 2013 to amend the Statement of Defence and the Application was allowed on 22 April 2013. The Government of Malaysia ("the Plaintiff") then filed their reply to the amended defence on 10 May 2013. Further, the Plaintiff filed a Summary Judgement and on 7 November 2013, the High Court dismissed the Summary Judgement Application with costs. The Plaintiff then filed an Appeal to the Court of Appeal and it was also dismissed with costs on 27 May 2014. The matter was then reverted back to the High Court for full trial.

The Board of Directors of CHHB wishes to announce that the trial for this matter has concluded and the decision was pronounced on 18 February 2015 whereby the Judge allowed the Plaintiff's claim of RM1,812,217.00 with interest of 5% to be calculated from the date of judgement (18 February 2015) till realisation with costs. The Defendant will be filling an Appeal to the Court of Appeal against the decision and will be applying for a Stay of the execution.

This announcement is dated 23 February 2015.




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