YONGTAI - MULTIPLE PROPOSALS
| Company Name | YONG TAI BERHAD |
| Stock Name | YONGTAI |
| Date Announced | 6 Feb 2015 |
| Category | General Announcement |
| Reference No | OS-150206-60909 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | YONG TAI BERHAD (“YONGTAI” OR “COMPANY”) (I) PROPOSED JOINT VENTURE; (II) PROPOSED PAR VALUE REDUCTION; (III) PROPOSED RIGHTS ISSUE WITH WARRANTS; (IV) PROPOSED SPECIAL ISSUE; (V) PROPOSED IASC; AND (VI) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS “PROPOSALS” |
Reference is made to the announcement dated 4 December 2014 in relation to the Proposals. For consistency, the abbreviations used throughout this announcement are the same as those in the previous announcements. M&A Securities on behalf of the Company wishes to announce that Bursa Securities had vide its letter dated 6 February 2015 approved the following:- (a) Admission to the Official List of the Main Market of Bursa Securities and the listing and quotation for up to 40,115,000 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants; (b) Listing of and quotation for:- (i) 80,230,000 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants; (ii) Up to 40,115,000 new YONGTAI Shares to be issued arising from the full exercise of the Warrants; and (iii) Up to 40,000,000 new YONGTAI Shares to be issued pursuant to the Proposed Special Issue. The approval granted by Bursa Securities for the Proposed Rights Issue with Warrants and Proposed Special Issue is subject to the following conditions:- (a) YONGTAI and M&A Securities must fully comply with the relevant provisions under the Main Market Listing Requirements pertaining to the implementation of the Proposed Rights Issue with Warrants and Proposed Special Issue; (b) YONGTAI and M&A Securities to inform Bursa Securities upon the completion of the Proposed Rights Issue with Warrants and Proposed Special Issue; (c) YONGTAI to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue with Warrants and Proposed Special Issue are completed; and (d) YONGTAI is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants, as at the end of each quarter together with a detailed computation of listing fees payable. This announcement is dated 6 February 2015. | |
NICE - OTHERS Monthly Announcement On The Status Of Default In Payments Pursuant To Practice Note 1 (“PN1”) Of The Main Market Listing Requirements (“MMLR”) Of Bursa Malaysia Securities Berhad
| Company Name | NICHE CAPITAL EMAS HOLDINGS BERHAD |
| Stock Name | NICE |
| Date Announced | 6 Feb 2015 |
| Category | General Announcement |
| Reference No | CC-150202-52B60 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Monthly Announcement On The Status Of Default In Payments Pursuant To Practice Note 1 (“PN1”) Of The Main Market Listing Requirements (“MMLR”) Of Bursa Malaysia Securities Berhad |
Further to the announcement on 7 January 2015, the Board of Directors of the Company wishes to announce that there has been no material development on the Default status as previously announced. This announcement is dated 6 February 2015. | |
FUTUTEC - OTHERS Heads of Agreement with Datuk Tee Eng Ho, Datin Toh Siew Chuon and Mr. Tee Eng Seng
| Company Name | FUTUTECH BERHAD |
| Stock Name | FUTUTEC |
| Date Announced | 6 Feb 2015 |
| Category | General Announcement |
| Reference No | CA-150206-44463 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Heads of Agreement with Datuk Tee Eng Ho, Datin Toh Siew Chuon and Mr. Tee Eng Seng |
The Board of Directors of Fututech Berhad ("Company") is pleased to announce that the Company has on 6 February 2015 entered into a Heads of Agreement with Datuk Tee Eng Ho, Datin Toh Siew Chuon and Mr. Tee Eng Seng (“Vendors”) to explore and negotiate further with the Vendors on a proposed acquisitions by the Company of the entire issued and paid-up share capital of each Kerjaya Prospek (M) Sdn. Bhd. and Permatang Bakti Sdn. Bhd. from the Vendors for a total indicative purchase consideration of RM380 million (“Proposed Injection”).
Details of the Proposed Injection and a press release in relation to the Proposed Injection are attached for information. | |
FUTUTEC - FUTUTEC-RESUMPTION OF TRADING
| Company Name | FUTUTECH BERHAD |
| Stock Name | FUTUTEC |
| Date Announced | 6 Feb 2015 |
| Category | Listing Circular |
| Reference No | NE-150206-34753 |
LISTING'S CIRCULAR NO. L/Q : 72435 OF 2015
Further to Listing's Circular No. L/Q 72420 of 2015, kindly be advised that trading in the above Company's securities will resume with effect from 9.00 a.m., Monday, 9 February 2015.
Your attention is drawn to the Company's announcements dated 6 February 2015.
KNM - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | KNM GROUP BERHAD |
| Stock Name | KNM |
| Date Announced | 6 Feb 2015 |
| Category | General Announcement |
| Reference No | KG-150206-39866 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SALE AND PURCHASE AGREEMENT BETWEEN KNM PROCESS SYSTEMS SDN BHD (“KNMPS”) AND NORTHFIELD GLOBAL LIMITED (“NGL”) FOR THE PROPOSED DISPOSAL OF KNMPS’S ENTIRE BUSINESSES & EQUITY INTERESTS IN KNM PTY LTD GROUP (“KPL GROUP”) |
1. INTRODUCTION The Board of Directors of KNM Group Berhad (“KNM” or the “Company’) wishes to announce that its wholly-owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS” or the “Vendor”) has on 5 February 2015 entered into a Sale and Purchase Agreement (“SPA”) with Northfield Global Limited (the “Purchaser’) for the disposal of inter alia the Vendor's entire business and equity interest in KNM Pty Ltd group (“KPL Group”) for a total cash consideration of AUD2.00 only (equivalent to RM5.54) (the “Consideration”) (hereinafter referred to as the “Proposed Disposal”). 2. INFORMATION ON KNMPS, NGL AND KPL KNMPS was incorporated on 28 June 1990. It is principally involved in the design, manufacture, assembly and commissioning of process equipment, pressure vessels, heat exchangers, skid mounted assemblies, process pipe systems, storage tanks, specialised structural assemblies and module assemblies for the oil, gas and petrochemical industries. Its authorised share capital is RM2,500,000,000 divided into 2,500,000,000 ordinary shares of RM1.00 each and its issued and paid-up capital is RM1,600,000,000. NGL is a company incorporated on 18 November 2014 and with its registered address at of P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Island. NGL is primarily an investment holding company. Its current its issued and paid-up capital is USD1.00 only. KPL was incorporated on 28 November 2000 and it is principally an investment holding company. Its issued and paid-up capital is AUD5,300,000.00 comprising 4,300,002 ordinary shares. It is currently a wholly owned subsidiary of KNMPS. 3. THE PROPOSED DISPOSAL 3.1 The Proposed Disposal is not subject to any relevant authority’s approval and shall be completed on/by 7 February 2015 from the date of the Agreement. Upon completion, KPL Group shall immediately cease from being KNM’s group of subsidiaries. 3.2 KNM had originally invested the sum of AUD9.06 million (equivalent to approximately RM25.11 million) to acquire and develop KPL Group. 3.3 The Consideration was arrived at on a “willing buyer-willing seller” basis after taking into account the following factors:- (i) The Purchaser’s agreement to take over all of KPL Group’s existing debts and liabilities; (ii) The unaudited consolidated net liability of KPL Group as at 31 December 2014 is estimated to be amounted to AUD18.73 million (equivalent to approximately RM53.50 million); 4. RATIONALE FOR THE PROPOSED DISPOSAL The rationale for the Proposed Disposal is to allow the Company to streamline its process equipment business by disposing of its loss making entities and is in tandem with the Company’s on-going transformation plan which entails the rationalisation of the Company’s manufacturing facilities worldwide. 5. FINANCIAL EFFECT OF THE PROPOSED DISPOSAL 5.1 The Proposed Disposal will not affect the share capital of KNM or the shareholdings of the substantial shareholders in KNM. 5.2 The gains or losses (if any) arising from the Proposed Disposal will depend on the net asset/liabilities of the KPL Group at the time of completion of the Proposed Disposal. The transaction will result in an estimated gain on disposal of RM22.50 million and this will be recognized in the year ending 31 December 2015. 5.3 The transaction will also not have a material effect on either the consolidated net assets or the consolidated gearing of KNM for the financial year ending 31 December 2015. 6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors, major shareholders or persons connected to the Directors and/or major shareholders of the Company has any interest, direct or indirect, in the transaction. 7. DIRECTORS’ STATEMENT Having considered all aspects of the transaction, the Board of Directors is of the opinion that the said transaction is in the best interest of the Company. 8. CONDITION OF PROPOSED DISPOSAL The Proposed Disposal is not subject to the approval of any governmental authority and/or the shareholders of KNM. 9. DOCUMENTS FOR INSPECTION The SPA is available for inspection at the registered office of KNM at 15 Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia for three (3) months from date of this Announcement during normal business hours from Mondays to Fridays. 10. HIGHEST PERCENTAGE RATIO The highest percentage ratio pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad applicable to the Proposed Disposal is 1.565%. This announcement is dated 6 February 2015. | |
PWROOT - Notice of Shares Buy Back - Immediate Announcement
| Company Name | POWER ROOT BERHAD |
| Stock Name | PWROOT |
| Date Announced | 6 Feb 2015 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | C&-150206-32763 |
BHS - Others
| Company Name | BHS INDUSTRIES BERHAD |
| Stock Name | BHS |
| Date Announced | 6 Feb 2015 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | OS-150206-44060 |
| Remarks : |
| The Share Split will be undertaken concurrently with the Bonus Issue of Shares. The Share Split will be undertaken after the issuance of the Bonus Shares pursuant to the Bonus Issue of Shares. The Subdivided Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Main Market”) on 27 February 2015, being the next market day immediately following the entitlement date. The registrar of BHS is expected to issue and despatch the notice of allotment to all the entitled shareholders whose name appear in the Record of Depositors of BHS on the entitlement date within four (4) market days after the date of the Subdivided Shares are listed and quoted on the Main Market. This announcement is dated 6 February 2015 |
BHS - Bonus Issue
| Company Name | BHS INDUSTRIES BERHAD |
| Stock Name | BHS |
| Date Announced | 6 Feb 2015 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | OS-150206-44052 |
| Remarks : |
| The Bonus Issue of Shares will be undertaken concurrently with the Share Split. The Share Split will be undertaken after the issuance of the Bonus Shares pursuant to the Bonus Issue. Hence, the Bonus Shares to be issued shall be in the form of the Subdivided Shares. The listing and quotation for the Bonus Shares (ie. Subdivided Shares) on the Main Market of Bursa Malaysia Securities Berhad ("Main Market") shall take place on 27 February 2015, being the next market day immediately following the entitlement date. The share registrar of BHS is expected to issue and despatch the notice of allotment to all the entitled shareholders whose name appear in the Record of Depositors of BHS on the entitlement date within four (4) market days after the date the Bonus Shares (i.e. Subdivided Shares) are listed and quoted on the Main Market. This announcement is dated 6 February 2015 |
BARAKAH - OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD - AWARD OF CONTRACT
| Company Name | BARAKAH OFFSHORE PETROLEUM BERHAD |
| Stock Name | BARAKAH |
| Date Announced | 6 Feb 2015 |
| Category | General Announcement |
| Reference No | CC-150206-00F6D |
| Type | Announcement |
| Subject | OTHERS |
| Description | BARAKAH OFFSHORE PETROLEUM BERHAD - AWARD OF CONTRACT |
INTRODUCTION
Barakah Offshore
Petroleum Berhad ("Barakah" or the “Company") is pleased to
announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd (“PBJV”),
has received a Letter of Award from PETRONAS Carigali Sdn Bhd (“PCSB”) for
the provision of engineering, procurement, fabrication, installation,
commissioning and maintenance works of pig trap system (“Contract”). INFORMATION ON THE CONTRACT The Contract comprises provision of
engineering, procurement, fabrication, installation, commissioning and
maintenance works of pig trap system in Peninsular Malaysia, Sabah and Sarawak. The Contract duration is from 23 January 2015 to 22
January 2018, with extension option of one year, from 23 January 2018 to 22
January 2019. The pig trap system is essentially a facility to launch and
receive pipe inspection gauges (“PIG”), which are used to run through internal
section of pipelines from one end to the other end for inspection and
maintenance of pipelines. FINANCIAL EFFECTS
RISK FACTORS Risk factors affecting the Contract
include, but not limited to, execution risks such as availability of skilled
manpower and materials and changes in prices of materials. Barakah Group
has, throughout the years, established its track record and expertise to
undertake such projects.
As such, the management of Barakah Group believes
that the Group is able to mitigate the abovementioned risk factors.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS'
None of the Directors and/or major shareholders and/or persons connected with
the Directors and/or major shareholders of the Company has any direct or
indirect interest in the Contract. This announcement is dated 6 February 2015..
| |
TEOSENG - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES
| Company Name | TEO SENG CAPITAL BERHAD |
| Stock Name | TEOSENG |
| Date Announced | 6 Feb 2015 |
| Category | General Announcement |
| Reference No | MI-150206-55932 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
| Description | TEO SENG CAPITAL BERHAD (“TEO SENG” OR “COMPANY”) (I) BONUS ISSUE OF UP TO 100,000,000 NEW ORDINARY SHARES OF RM0.20 EACH IN TEO SENG (“SHARES”) (“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING SHARES HELD AT THE CLOSE OF BUSINESS ON 28 JANUARY 2015 (“ENTITLEMENT DATE”) (“BONUS ISSUE OF SHARES”); AND (II) BONUS ISSUE OF UP TO 50,000,000 WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY FOUR (4) EXISTING SHARES HELD ON THE ENTITLEMENT DATE (“BONUS ISSUE OF WARRANTS”) |
We refer to the announcements dated 11 November 2014, 21 November 2014, 5 December 2014, 23 December 2014 and 14 January 2015 in relation to, among others, the Bonus Issue of Shares and Bonus Issue of Warrants. On behalf of the Board of Directors of Teo Seng (“Board”), Maybank Investment Bank Berhad wishes to announce that the Bonus Shares and Warrants shall be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 9 February 2015, being five (5) clear market days from the Entitlement Date. This Announcement is dated 6 February 2015. | |
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