February 7, 2015

Company announcements: XINGHE, TMCLIFE, HIBISCS, PUNCAK, ECOWLD, TEXCHEM, YOKO

XINGHE - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameXINGHE HOLDINGS BERHAD (ACE Market) 
Stock Name XINGHE  
Date Announced6 Feb 2015  
CategoryGeneral Announcement
Reference NoCC-150204-DE5C9

Regularisation SponsorAmInvestment Bank Bhd
SponsorMercury Securities Sdn Bhd
TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionXINGHE HOLDINGS BERHAD (FKA: KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD) (the “Company”)
Announcement pursuant to Rule 14.08(a) of Bursa Malaysia Securities Berhad's ACE Market Listing Requirements

AmInvestment Bank Berhad and Mercury Securities Sdn Bhd are the joint sponsors to XingHe Holdings Berhad.

We wish to announce that the following directors of XingHe Holdings Berhad have given notice of their intention to deal in the securities of the Company during the closed period in relation to the pending quarterly announcement for 31 December 2014. Their current shareholdings in the securities of the Company are as follows:-

Name of Director: Li Hui Jun

Types of Securities

Direct Interest

*Indirect Interest

No. of Shares

% of Holding

No. of Shares

% of Holding

Ordinary Shares of RM0-10 each

-

-

1,465,150,000

62.39%

* Deemed interested by virtue of her interest in Testa Holdings Limited through Perfect Timing Holdings Limited pursuant to Section 6A of the Companies Act, 1965

Name of Director: Ma GuoLiang

Types of Securities

Direct Interest

*Indirect Interest

No. of Shares

% of Holding

No. of Shares

% of Holding

Ordinary Shares of RM0-10 each

-

-

1,465,150,000

62.39%


* Deemed interested by virtue of his spouse's interest in Testa Holdings Limited through Perfect Timing Holdings Limited pursuant to Section 6A of the Companies Act, 1965




TMCLIFE - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameTMC LIFE SCIENCES BERHAD  
Stock Name TMCLIFE  
Date Announced6 Feb 2015  
CategoryGeneral Announcement
Reference NoMI-150206-63213

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionTMC LIFE SCIENCES BERHAD (“TMC” OR “COMPANY”)

(I) PROPOSED ACQUISITION OF 1,000,000 ORDINARY SHARES OF RM1.00 EACH, REPRESENTING THE ENTIRE EQUITY INTEREST OF BB WATERFRONT SDN. BHD. (“BB WATERFRONT”) FOR A PURCHASE CONSIDERATION OF RM400.0 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 533,333,333 NEW ORDINARY SHARES OF RM0.10 EACH IN TMC (“SHARES” OR “TMC SHARES”) AT AN ISSUE PRICE OF RM0.75 PER SHARE, TOGETHER WITH 266,666,666 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) TMC SHARES (“PROPOSED ACQUISITION”);

(II) PROPOSED BONUS ISSUE OF 599,760,718 WARRANTS IN TMC TO ALL ENTITLED SHAREHOLDERS OF THE COMPANY ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING TMC SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER (“ENTITLEMENT DATE”) (“PROPOSED BONUS ISSUE OF WARRANTS”); AND

(III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF TMC FROM RM200,000,000 COMPRISING 2,000,000,000 SHARES TO RM500,000,000 COMPRISING 5,000,000,000 SHARES AND IN CONSEQUENCE THEREOF, THE COMPANY’S MEMORANDUM OF ASSOCIATION (“M&A”) BE ALTERED ACCORDINGLY (“PROPOSED IASC”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

On behalf of the Board of Directors of the Company, Maybank Investment Bank Berhad wishes to announce that the Company has today entered into a share sale and purchase agreement with Best Blend Sdn. Bhd. for the Proposed Acquisition.

In addition, the Company is also proposing to undertake the Proposed Bonus Issue of Warrants and Proposed IASC.

Please refer to the attachment for further details of the Proposals.

A press release in relation to the Proposals is also attached.

This announcement is dated 6 February 2015.



HIBISCS - Changes in Sub. S-hldr's Int. (29B) - Mercury Pacific Marine Pte Ltd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHIBISCUS PETROLEUM BERHAD  
Stock Name HIBISCS  
Date Announced6 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-150205-FB3F0

Particulars of substantial Securities Holder

NameMercury Pacific Marine Pte Ltd
Address21B Circular Road
Singapore 049377
NRIC/Passport No/Company No.200608531M
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary Shares of RM0.01 each
Name & address of registered holderKenanga Nominees (Asing) Sdn Bhd
Pledged Securities Account for Mercury Pacific Marine Pte Ltd (021)
8th Floor, Kenanga International
Jalan Sultan Ismail
50250 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired27/01/2015
395,100
 

Circumstances by reason of which change has occurredPurchased on open market
Nature of interestDirect
Direct (units)60,513,538 
Direct (%)6.79 
Indirect/deemed interest (units)12,729,100 
Indirect/deemed interest (%)1.43 
Total no of securities after change73,242,638
Date of notice03/02/2015

Remarks :
After the change, the direct and indirect interest are as follows:-

Direct Interest
(I)Kenanga Nominees (Asing) Sdn Bhd
- Pledged Securities Account for Mercury Pacific Marine Pte Ltd (021)-28,513,538 shares

(II) Maybank Nominees (Asing) Sdn Bhd
- Pledged Securities Account for Mercury Pacific Marine Pte Ltd-32,000,000 shares

Indirect Interest
RHB Capital Nominees (Tempatan) Sdn Bhd
- Pledged Securities Account for Perintis Muhibah Sdn Bhd-12,729,100 shares

The Form 29B was received on 5 February 2015.


PUNCAK - OTHERS PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY") ADDITIONAL INVESTMENT IN LUWEI (PINGDINGSHAN) WATER CO. LTD, A SUB-SUBSIDIARY OF THE COMPANY IN THE PEOPLE'S REPUBLIC OF CHINA

Announcement Type: General Announcement
Company NamePUNCAK NIAGA HOLDINGS BERHAD  
Stock Name PUNCAK  
Date Announced6 Feb 2015  
CategoryGeneral Announcement
Reference NoPN-150206-3F861

TypeAnnouncement
SubjectOTHERS
DescriptionPUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
ADDITIONAL INVESTMENT IN LUWEI (PINGDINGSHAN) WATER CO. LTD, A SUB-SUBSIDIARY OF THE COMPANY IN THE PEOPLE'S REPUBLIC OF CHINA

Reference is made to the Company’s earlier announcements dated 20 August 2008, 5 August 2010, 26 July 2011, 8 November 2012, 18 March 2014 and 10 October 2014 in respect of the above.


The Board of Directors of Puncak wishes to announce that its 98.65% Singapore subsidiary, Sino Water Pte Ltd (Company No. 200722828C) ("Sino Water") had recently invested an additional amount of USD1,020,000.00 in Luwei (Pingdingshan) Water Co. Ltd ("Luwei Co. Ltd"), a 92.84% owned limited liability subsidiary incorporated in Lushan County, Henan Province, in the People's Republic of China under the China Company Law.


The Company was notified on 6 February 2015 by Luwei Co. Ltd that the paid up registered capital of Luwei Co. Ltd had been increased from USD6,530,000.00 to USD7,550,000.00.

Accordingly with immediate effect, Luwei Co. Ltd is a 93.81% owned subsidiary of Sino Water with a total investment of USD7,082,500.00.

This announcement is dated 6 February 2015.




ECOWLD - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameECO WORLD DEVELOPMENT GROUP BERHAD  
Stock Name ECOWLD  
Date Announced6 Feb 2015  
CategoryGeneral Announcement
Reference NoMM-150206-56882

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionECO WORLD DEVELOPMENT GROUP BERHAD (“EW BERHAD”)

(I) ACQUISITIONS;
(II) SHARE SPLIT;
(III) SHARE SUBSCRIPTION;
(IV) RENOUNCEABLE RIGHTS ISSUE TOGETHER WITH FREE DETACHABLE WARRANTS;
(V) PLACEMENT;
(VI) ALTERATION AND INCREASE IN AUTHORISED SHARE CAPITAL;
(VII) AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION; AND
(VIII) EXEMPTION FROM A MANDATORY GENERAL OFFER

Reference is made to EW Berhad’s announcements dated 25 April 2014 (“Announcement”), 28 April 2014, 23 September 2014, 23 October 2014, 10 November 2014, 19 November 2014, 12 December 2014, 15 December 2014, 17 December 2014, 7 January 2015, 8 January 2015, 22 January 2015 and 23 January 2015. All capitalised terms herein shall have the same meanings as those set out in the Announcement unless otherwise stated.

 

On behalf of the Board, CIMB, AmInvestment and Maybank IB wish to announce that the Acquisitions and Share Subscription were completed on 6 February 2015 as follows:

 
  1. payment of the Eco Macalister Purchase Consideration and EW Project Management Purchase Consideration of RM2.00 each, by EW Berhad to EW Sdn Bhd on 6 February 2015, following which Eco Macalister and EW Project Management became wholly-owned subsidiaries of EW Berhad;

  2. payment of RM1,471.6 million by the Developers to the Landowners on 6 February 2015 (“Partial Payment”), being a partial payment of the Third Payment of a total sum of RM1,789.4 million, pursuant to the Development Rights Acquisition.

    On 6 February 2015, EW Berhad, the Developers and the Landowners agreed to vary a term in the Development Rights Agreements in relation to the Third Payment such that the Partial Payment be made on 6 February 2015 and that the balance of the Third Payment of RM317.8 million (“Balance Payment”) shall be paid by the Developers to the Landowners within three (3) months from the Development Rights Payment Date. If any part of the Balance Payment remains unpaid by the Developers as at 8 April 2015, the Developers shall pay to the Landowners interest on the amount unpaid at the rate of five per cent (5%) per annum calculated on a daily basis from 9 April 2015 until the Landowners receive the full payment of the Balance Payment; and

  3. payment of the Subscription Consideration of RM1,371.6 million by EW Holdings and Sinarmas Harta to EW Berhad and the allotment and issuance of 806,846,852 Subscription Shares to EW Holdings and Sinarmas Harta on 6 February 2015 pursuant to the Share Subscription. Such Subscription Shares will commence listing on the Main Market of Bursa Securities on 9 February 2015.

 

This announcement is dated 6 February 2015.

 


TEXCHEM - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameTEXCHEM RESOURCES BERHAD  
Stock Name TEXCHEM  
Date Announced6 Feb 2015  
CategoryGeneral Announcement
Reference NoTR-150206-59912

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionPROPOSED DISPOSAL OF 2 MILLION ORDINARY SHARES OF RM1.00 EACH IN TEXCHEM RESOURCES BHD. (“TRB”), REPRESENTING 1.61% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TRB BY TEXCHEM CORPORATION SDN. BHD. (“TEXCORP”), ITS 73.81% OWNED SUBSIDIARY, TO TEXCHEM HOLDINGS SDN. BHD., A MAJOR SHAREHOLDER OF TRB AND TEXCORP, FOR A TOTAL CASH CONSIDERATION OF RM2,614,000.00 ("PROPOSAL DISPOSAL")

We refer to TRB’s announcement made on 27 January 2015 on the above subject matter.

The Board of Directors of TRB wishes to further announce that the proceeds arising from the Proposed Disposal will be fully utilised within 1 month from the completion of the Proposed Disposal.

This announcement is dated 6 February 2015.



YOKO - OTHERS YOKOHAMA INDUSTRIES BERHAD (“Yokohama” or “Company”) Share Purchase Agreement between HSG Investments Pte Ltd (“HSG”) and Fordington Pte Ltd (“Fordington”)

Announcement Type: General Announcement
Company NameYOKOHAMA INDUSTRIES BERHAD  
Stock Name YOKO  
Date Announced6 Feb 2015  
CategoryGeneral Announcement
Reference NoCC-150206-61197

TypeAnnouncement
SubjectOTHERS
DescriptionYOKOHAMA INDUSTRIES BERHAD (“Yokohama” or “Company”)
Share Purchase Agreement between HSG Investments Pte Ltd (“HSG”) and Fordington Pte Ltd (“Fordington”)

Unless otherwise defined, all defined terms used in this announcement shall have the same meaning as defined in the Company’s announcement dated 29 December 2014.

Further to Yokohama’s announcement dated 29 December 2014, the Board of Directors of Yokohama wishes to announce that it had been informed by Fordington that it has on even date entered into a conditional share purchase agreement with HSG, the controlling shareholder of Yokohama, to acquire 53,025,118 ordinary shares of RM0.50 each in Yokohama (“Shares”), representing approximately 62.17% of the issued and paid-up share capital of Yokohama (excluding treasury shares) (“Voting Shares”) from HSG for a total cash consideration of RM90,142,700.60 or RM1.70 per Yokohama Share (“Proposed Acquisition”).

Upon completion of the Proposed Acquisition, Fordington will hold approximately 62.17% of the Voting Shares. As such, pursuant to Section 218(2) of the Capital Markets and Services Act, 2007 and Section 9(1), Part III of the Malaysian Code on Take-Overs and Mergers, 2010, Fordington will be obliged to extend a mandatory take-over offer to acquire all the remaining Voting Shares not already held by Fordington and its persons acting in concert (“Offer Shares”) for a cash offer price of RM1.70 per Offer Share. Fordington will release a press notice and serve the notice of mandatory take-over offer to the Board of Directors of Yokohama upon the share purchase agreement becoming unconditional.

For further details, please refer to the enclosed press notice by Fordington dated 6 February 2015.

This announcement is dated 6 February 2015.



No comments:

Post a Comment