GENM - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | GENTING MALAYSIA BERHAD |
| Stock Name | GENM |
| Date Announced | 12 Feb 2015 |
| Category | General Announcement |
| Reference No | GM-150212-58954 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | GENTING MALAYSIA BERHAD (the "Company" or "GENM") ACQUISITION OF LAND FROM RAV BAHAMAS LIMITED ("ACQUISITION") |
We refer to our announcements dated 12 September 2014, 2 January 2015 and 5 February 2015 in relation to the Acquisition (“Announcements”). Unless otherwise stated, the abbreviations used in this announcement shall have the same meanings as defined in the Announcements. The Board of Directors of GENM wishes to announce that following the fulfilment of all conditions precedent, the Acquisition is closed pursuant to the terms of the Agreement. This announcement is dated 12 February 2015. | |
KINSTEL - OTHERS MEMORANDUM OF AGREEMENT BETWEEN KINSTEEL, PERFECT CHANNEL SDN BHD, VIBRANT HOLDINGS SDN BHD AND BEIJING INDUSTRIAL DESIGNING AND RESEARCHING INSTITUTE OF CHINA (“MOA”)
| Company Name | KINSTEEL BHD |
| Stock Name | KINSTEL |
| Date Announced | 12 Feb 2015 |
| Category | General Announcement |
| Reference No | CK-150212-63DF1 |
| Type | Announcement |
| Subject | OTHERS |
| Description | MEMORANDUM OF AGREEMENT BETWEEN KINSTEEL, PERFECT CHANNEL SDN BHD, VIBRANT HOLDINGS SDN BHD AND BEIJING INDUSTRIAL DESIGNING AND RESEARCHING INSTITUTE OF CHINA (“MOA”) |
1. INTRODUCTION The board of directors of Kinsteel (“Board”) wishes to announce that the Company and its subsidiary, Perfect Channel Sdn Bhd (“PCSB”), had on 12 February 2015 entered into a Memorandum of Agreement (“MOA”) with Vibrant Holdings Sdn Bhd (“Vibrant”) and Beijing Industrial Designing and Researching Institute of China (“BIDR”) (Vibrant and BIDR shall collectively be known as “Turnkey Contractor”) to explore the possibility of the Turnkey Contractor’s participation in PCSB via the out-right purchase or other business corporation model for the Enhancement Project (as defined herein) with the objective of making PCSB’s Gurun plant into a more profitable steel related manufacturing plant. Kinsteel and its subsidiaries (“Group”) are desirous to develop new investment plans for the Group’s businesses, including the installation of new blast furnace facilities and related downstream manufacturing facilities and related infrastructural work, to upgrade and enhance the capacity of the manufacturing operation at the Gurun plant (“the Enhancement Project”). 2. SALIENT TERMS OF THE MOA 2.1 Turnkey Contractor’s Proposal The Turnkey Contractor has made a turnkey contract proposal to PCSB for the Enhancement Project with an approximate value sum of RM200 million (the “Turnkey Contract Proposal”). The parties hereto hereby agree, inter alia, (a) to explore the feasibility of the Turnkey Contract Proposal, within a period of two (2) months with an automatic extension one (1) month from the date of the MOA (“Feasibility Study Period”); and (b) to structure the payment for the Turnkey Contract Proposal by way of issuance of such number of new shares to be issued by Kinsteel as partial consideration to the Turnkey Contractor for the Enhancement Project, and with the remaining consideration to be settled to the Turnkey Contractor as the Enhancement Project supplier via an agreed supplier’s deferred payment credit term schedule. 2.2 Feasibility Study and Due Diligence Subject to any extension to be mutually agreed by the Parties hereto, the parties hereto shall forthwith, within the Feasibility Studies Period, conduct and complete: (a) a feasibility and technical study of the Turnkey Contract Proposal; and (b) due diligence exercise on Kinsteel and PCSB’s financial affairs (“the Feasibility and Due Diligence Studies”). 2.3 Execution of Legal Binding Agreement Subject always to: (a) the completion of the Feasibility and Due Diligence Studies; and (b) the Turnkey Contract Proposal, having been conducted to the satisfaction of the parties hereto and further upon the approval of the creditors for the restructuring scheme (if applicable), the parties hereto shall execute a legal binding agreement for the Enhancement Project within one (1) months from the expiry of the aforesaid Feasibility Study Period or such extended period as may be mutually agreed upon. 2.4 Manners of Payment Upon the execution of the legal binding agreement,for the Turnkey Contract Proposal, the schedule of the contractual payment including any deposit sum payable thereof shall be specified therein. In the event that the parties hereto decide not to proceed with the Turnkey Contract Proposal for whatsoever reasons prior to the execution of a legal binding agreement for the Turnkey Contract Proposal, neither party shall be liable to the other for any payment cost or expense. 3. BACKGROUND INFORMATION ON VIBRANT AND BIDR Vibrant is a supplier and engineering, procurement and commissioning contractor of steel products manufacturing equipment and related facilities. BIDR is an institute providing professional project engineering design, machinery and equipment supply, engineering facilities installation and related infrastructural consultancy work and services. 4. RATIONALE FOR THE MOA The Company aims to develop new investment plan for its businesses including upgrading and enhancing the capacity of PCSB’s manufacturing operations via the Enhancement Project to increase and enhance the profitability of the Group. 5. FINANCIAL EFFECTS OF THE MOA The MOA is not expected to have any material effect on the share capital, substantial shareholder’s shareholdings, net assets, earnings and gearing of the Group for the financial year ending 30 June 2015. The full effects of the Enhancement Project will be announced in due course upon the execution of the legal binding agreement. 6. DIRECTOR’S AND MAJOR SHAREHOLDER’S INTEREST None of the Directors and major shareholder(s) of Kinsteel or any persons connected to them have any interest, direct and indirect in the MOA. 7. STATEMENT BY DIRECTORS The Board is of the opinion that the MOA is in the best interest of Kinsteel. 8. DOCUMENTS FOR INSPECTION The MOA is available for inspection at the registered office of Kinsteel at B-38, First Floor, Lorong Seri Teruntum 139, Off Jalan Bukit Bintang Ubi, 25100 Kuantan, Pahang during normal business hours on Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 12 February 2015. | |
PRTASCO - MATERIAL LITIGATION
| Company Name | PROTASCO BERHAD |
| Stock Name | PRTASCO |
| Date Announced | 12 Feb 2015 |
| Category | General Announcement |
| Reference No | CA-150212-50025 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | KINGDOM SEEKERS VENTURES SDN BHD v DATO’ SRI CHONG KET PEN & 7 ORS [Kuala Lumpur High Court Suit No.: 22NCC-407-10/2014] |
Further to our announcement dated 29 January 2015, Protasco Berhad ("Company") has on 22 January 2015 filed an application to strike out the legal proceedings initiated by Kingdom Seekers Ventures Sdn Bhd wherein the Company is named as the 7th Defendant ("striking out application"). At the case management on 11 February 2015, parties were directed to file their respective affidavits in reply to the striking out application. A new case management date for the striking out application has been fixed on 11 March 2015 for parties to obtain further directions from the court. | |
GASMSIA - Quarterly rpt on consolidated results for the financial period ended 31/12/2014
| Company Name | GAS MALAYSIA BERHAD |
| Stock Name | GASMSIA |
| Date Announced | 12 Feb 2015 |
| Category | Financial Results |
| Reference No | GM-150212-E7F31 |
| Financial Year End | 31/12/2014 |
| Quarter | 4 |
| Quarterly report for the financial period ended | 31/12/2014 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION31/12/2014 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 780,500 | 604,237 | 2,773,462 | 2,317,219 |
| 2 | Profit/(loss) before tax | 24,314 | 50,743 | 213,121 | 220,877 |
| 3 | Profit/(loss) for the period | 23,339 | 40,160 | 167,628 | 171,436 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 23,343 | 40,160 | 167,632 | 171,436 |
| 5 | Basic earnings/(loss) per share (Subunit) | 1.82 | 3.13 | 13.06 | 13.35 |
| 6 | Proposed/Declared dividend per share (Subunit) | 4.00 | 7.36 | 9.00 | 13.36 |
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 ($$) | 0.7889 | 0.7820 | ||
| Remarks : |
| Second Interim dividend The Board of Directors has declared a single-tier second interim dividend of 4.0 sen per share in respect of the financial year ended 31 December 2014, to be paid on 25 March 2015. The entitlement date for the dividend payment is 5 March 2015. A depositor shall qualify for entitlement to the dividend only in respect of: (i) shares transferred to the depositor's securities account before 4.00 pm on 5 March 2015 in respect of transfers; and (ii) shares bought on Bursa Malaysia Securities Berhad on a cum entitlement basis according to the Rules of Bursa Malaysia Securities Berhad. |
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
GASMSIA - Second interim dividend
| Company Name | GAS MALAYSIA BERHAD |
| Stock Name | GASMSIA |
| Date Announced | 12 Feb 2015 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | GM-150212-37577 |
GASMSIA - Change in Principal Officer
| Company Name | GAS MALAYSIA BERHAD |
| Stock Name | GASMSIA |
| Date Announced | 12 Feb 2015 |
| Category | Change in Principal Officer |
| Reference No | GM-150212-093B6 |
| Date of change | 12/02/2015 |
| Name | Ahmad Hashimi bin Abdul Manap |
| Age | 51 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Chief Executive Officer |
| Qualifications | He is currently the Council Member of the Malaysian Gas Association, member of the Institution of Engineers Malaysia, and member of the International Gas Union Working Committee 4 on Distribution. In 2004, he attended the Advanced Management Programme at Wharton Business School, USA. He holds a Bachelor of Science in Civil Engineering from Oklahoma State University, USA. |
| Working experience and occupation | Ahmad Hashimi was appointed as Acting Chief Executive Officer since 1 July 2014. In January 2014, he was appointed as Chief Operating Officer, Technical and prior to that he was the Senior General Manager, Operations & Maintenance of Gas Malaysia since 2007. He joined Gas Malaysia since its inception in 1992 and had held various positions of General Manager, Deputy General Manager, Regional Manager and Engineering Manager. He was also part of the team that undertook the feasibility study for the implementation of the Natural Gas Distribution System in Peninsular Malaysia for the joint venture between MMC-Shapadu (Holdings) Sdn Berhad, Petroliam Nasional Berhad (“PETRONAS”) and Tokyo Gas-Mitsui & Co Holdings Sdn Bhd between periods of 1991 to 1992. Prior to that in 1989, Ahmad Hashimi worked with MMC Engineering Sdn Bhd as a Pipeline Engineer to undertake the Engineering, Procurement, Construction and Commissioning of Stage II of PETRONAS Peninsular Gas Utilisation Project. In addition to his role in Gas Malaysia, Ahmad Hashimi also holds office as Chairman in Gas Malaysia Energy Advance Sdn Bhd and Gas Malaysia IEV Sdn Bhd, as well as Director in Gas Malaysia (LPG) Sdn Bhd and Pelantar Teknik (M) Sdn Bhd. His career began in 1986 when he joined a local consulting firm as a Structural/Civil Engineer to perform structural design for building complexes which include residential, commercial and schools. |
| Directorship of public companies (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer or its subsidiaries | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Holds 21,500 shares in Gas Malaysia Berhad. |
| Remarks : |
| Gender - Male This announcement is dated 12 February 2015. |
HLCAP - HLCAP- IMPOSITION OF TRADING SUSPENSION
| Company Name | HONG LEONG CAPITAL BERHAD |
| Stock Name | HLCAP |
| Date Announced | 12 Feb 2015 |
| Category | Listing Circular |
| Reference No | UM-150212-65950 |
LISTING'S CIRCULAR NO. L/Q : 72461 OF 2015
Bursa Malaysia Securities Berhad (Bursa Securities) had commenced enforcement proceedings against HONG LEONG CAPITAL BERHAD (HLCAP) for breach of paragraph 8.02(1) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements (Main LR) and due process was accorded to HLCAP.
- After due consideration of all the facts and circumstances, the Listing Committee of Bursa Securities found HLCAP to have breached paragraph 8.02(1) of the Main LR and decided to impose a suspension on the trading of HLCAP’s securities pursuant to paragraph 16.19(1)(a)(ix) of the Main LR.
In the circumstances, the trading in the securities of HLCAP will be suspended with effect from 3 March 2015 unless an appeal against the suspension is submitted to Bursa Securities on or before 23 February 2015 ("the Appeal Timeframe").
In the event HLCAP submits an appeal to Bursa Securities within the Appeal Timeframe, HLCAP is required to make an announcement of the appeal and the suspension of the securities of HLCAP on 3 March 2015 shall be deferred pending the decision on the company’s appeal. In the event suspension is imposed, the suspension will only be uplifted upon full compliance of the public shareholding spread in accordance with paragraph 8.02(1) of the Main LR.
Please refer to HLCAP’s announcement for further details.
ACOSTEC - PROPOSED DISPOSAL OF MACHINERY AND EQUIPMENT
| Company Name | ACOUSTECH BERHAD |
| Stock Name | ACOSTEC |
| Date Announced | 12 Feb 2015 |
| Category | General Announcement |
| Reference No | CK-150211-83D59 |
TEXCHEM - OTHERS INCORPORATION OF A SUB-SUBSIDIARY, LIFEON ASIA SDN. BHD.
| Company Name | TEXCHEM RESOURCES BERHAD |
| Stock Name | TEXCHEM |
| Date Announced | 12 Feb 2015 |
| Category | General Announcement |
| Reference No | TR-150212-66651 |
| Type | Announcement |
| Subject | OTHERS |
| Description | INCORPORATION OF A SUB-SUBSIDIARY, LIFEON ASIA SDN. BHD. |
The Board of Directors of Texchem Resources Bhd. wishes to announce the incorporation of a sub-subsidiary, Lifeon Asia Sdn. Bhd. and the details are set out in the attachment to this announcement. | |
TEXCHEM - Changes in Sub. S-hldr's Int. (29B) - TEXCHEM CORPORATION SDN. BHD.
| Company Name | TEXCHEM RESOURCES BERHAD |
| Stock Name | TEXCHEM |
| Date Announced | 12 Feb 2015 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | TR-150212-43130 |
Particulars of substantial Securities Holder
| Name | TEXCHEM CORPORATION SDN. BHD. |
| Address | LEVEL 18, MENARA BOUSTEAD PENANG 39 JALAN SULTAN AHMAD SHAH 10050 PENANG |
| NRIC/Passport No/Company No. | 59641-U |
| Nationality/Country of incorporation | MALAYSIA |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF RM1.00 EACH |
| Name & address of registered holder | TEXCHEM CORPORATION SDN. BHD. LEVEL 18, MENARA BOUSTEAD PENANG 39 JALAN SULTAN AHMAD SHAH 10050 PENANG |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 11/02/2015 | 2,000,000 | 1.307 |
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