March 31, 2015

Company announcements: DIGISTA, XINGHE, CIMBA40, CIMBC50, MRCB, HUMEIND, KINSTEL

DIGISTA - OTHERS DIGISTAR CORPORATION BERHAD (“DIGISTAR” or “THE COMPANY”) Related Party Transactions – Gratuity Payable To A Former Executive Director

Announcement Type: General Announcement
Company NameDIGISTAR CORPORATION BERHAD  
Stock Name DIGISTA  
Date Announced31 Mar 2015  
CategoryGeneral Announcement
Reference NoCK-150331-B6008

TypeAnnouncement
SubjectOTHERS
DescriptionDIGISTAR CORPORATION BERHAD (“DIGISTAR” or “THE COMPANY”)
Related Party Transactions – Gratuity Payable To A Former Executive Director

 

The Board of Directors of the Company wishes to announce that the Company agreed to pay the following gratuity to Mr Ong Fee Chong (a related party in accordance with Paragraph 10.02(c) of the Listing Requirements), a former Executive Director of Digistar who was a Director of Digistar since 18 August 2003 till 10 February 2015 for his past services and contribution to Digistar Group:

(1)  A Studio Suite located at Parcel No. 07-16, Level 7, Unit No. 16, The Heritage, Melaka measuring 274 square feet. The purchase price of the unit is RM164,400.00 and this amount will be paid by Digistar to Seni Pujaan Sdn Bhd, a wholly-owned subsidiary of Digistar.

(2)  A Studio Suite located at Parcel No. 07-10, Level 7, Unit No. 10, The Heritage, Melaka measuring 284 square feet. The purchase price of the unit is RM170,400.00 and this amount will be paid by Digistar to Seni Pujaan Sdn Bhd, a wholly-owned subsidiary of Digistar. 

(3)  A Mercedes Benz bearing registration no. BFC 19. This Company’s car has always been used by Mr Ong Fee Ching and the net book value of the motor vehicle as at 31 March 2015 is RM11,126.

The total gratuity payable is RM345,926 and the highest percentage ratio of the gratuity is 0.46%. 

During Mr Ong Fee Chong’s tenure as Director, he was always being loyal, dedicated and committed in enabling Digistar Group to be well-positioned in facing the ever-changing environment and challenges to ensure continuing success of Digistar Group. His past contribution also included the listing of Digistar to ACE Market and transfer of listing of the Company from ACE Market to Main Market.

The gratuity payable will reduce the net earnings and net assets of Digistar Group by RM345,926 for the financial year ending 30 September 2015.

Having considered all the aspects, the Audit Committee and the Board of Directors are of the view that the gratuity payable are fair and reasonable.

This announcement is dated 31 March 2015.

 

 

 

 

 

 

 

 

 



XINGHE - OTHERS Exclusivity Agreement entered into between XingHe Holdings Berhad (Formerly Known As Key West Global Telecommunications Berhad)(“XHHB” or the “Company”) and Arab Supplier Fabrication And Retail Sdn Bhd (“Asfar”) (“Agreement”)

Announcement Type: General Announcement
Company NameXINGHE HOLDINGS BERHAD (ACE Market) 
Stock Name XINGHE  
Date Announced31 Mar 2015  
CategoryGeneral Announcement
Reference NoCC-150330-43798

Regularisation SponsorAmInvestment Bank Bhd
SponsorMercury Securities Sdn Bhd
TypeAnnouncement
SubjectOTHERS
DescriptionExclusivity Agreement entered into between XingHe Holdings Berhad (Formerly Known As Key West Global Telecommunications Berhad)(“XHHB” or the “Company”) and Arab Supplier Fabrication And Retail Sdn Bhd (“Asfar”) (“Agreement”)

1.0 INTRODUCTION

The Board of Directors of XHHB wishes to announce that the Company had on 31 March 2015 entered into an Exclusivity Agreement with Asfar of PT 50760, Jalan Wawasan 4/KU7, Kawasan Perindustrian Sungai Kapar, 42290 Kapar Klang, Selangor, Malaysia to amongst others, appoint XHHB to supply the finished products produced by XHHB and its subsidiaries (“XHHB Group”), including but not limited to edible peanut, soy, sunflower, canola and any other oils (“Products”).

Asfar is the Malaysian related corporation of Ziyut Limited, a company incorporated under the laws of the Hashemite Kingdom of Jordan where Ziyut Limited which has obtained the right to supply all edible oils (save for palm oil derived edible oils) utilised in the Hashemite Kingdom of Jordan (with tax exemption). Further, Asfar and its related group of companies have established markets in other countries in the Middle East region and Africa. More information on Asfar is available on its website at www.asfarholding.com.

Subject to due diligence being carried out by the XHHB and Asfar (collectively referred to as “Parties” and individually referred to as “Party”) and a joint venture agreement being entered into, the Parties wish to enter into a joint venture arrangement in the near future to produce more Products for markets that Asfar and its related group of companies have access to.

2.0 SALIENT TERMS OF THE AGREEMENT

2.1 OBJECTIVES 

The Parties agree to enter into the Agreement to achieve the following objectives:-

(i) to procure the Products to be supplied in the Hashemite Kingdom of Jordan in so far as Asfar’s concession requires; and

(ii) to work towards a joint venture arrangement within six (6) months from the date of the Agreement to produce more of the Products for Asfar’s supply to the Hashemite Kingdom of Jordan, the Middle East and Africa; and

(iii) the joint venture shall see the Parties forming a joint venture company whereby each Party holds 50% interest and XHHB investing approximately RM10.0 million to construct a plant in Malaysia to produce the Products and Asfar investing approximately RM10.0 million (in know-how and human capital) to fund the operational expenses of the joint venture company and to ensure purchase and offtake contracts from the Hashemite Kingdom of Jordan, Middle Eastern and African countries procures and purchase the Products from the joint venture company.

In order to achieve the successful completion of the objectives, the Parties agree that they shall combine their know-how, network and resources in the Project.

2.2 TERM

The Agreement shall be effective from the date of the Agreement (“Effective Date”) and shall be valid and binding until the joint venture agreement is successfully entered into within six (6) months from the Effective Date provided always that upon conducting the due diligence within the stipulated period, and subject to the due diligence exercise and authority’s approval of XHHB’s fund raising of approximately RM33.0 million via private placement and no breach of representations and warranties by Asfar, XHHB shall not be entitled to terminate the Agreement and shall be under an obligation to complete the forming of the joint venture company.

 

Without affecting the foregoing and for the avoidance of doubt, the joint venture arrangement will require time to produce the Products jointly and in the event it is required, the Agreement shall govern the arrangement for the immediate supply of the Products.

 

The details on the private placement will be announced in due course.

3.0 DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST

 

None of the Directors and/or the substantial shareholders of the Company or any persons connected to them have any interest, direct or indirect in the Agreement.

This announcement is dated 31 March 2015.



XINGHE - XINGHE-RESUMPTION OF TRADING

Announcement Type: Listing Circular
Company NameXINGHE HOLDINGS BERHAD (ACE Market) 
Stock Name XINGHE  
Date Announced31 Mar 2015  
CategoryListing Circular
Reference NoNM-150331-59160

LISTING'S CIRCULAR NO. L/Q : 72824 OF 2015


    Further to Listing's Circular No. L/Q : 72821 of 2015, kindly be advised that trading in the above Company's securities will resume with effect from 9.00 a.m., Wednesday, 1 April 2015.

    Your attention is drawn to the Company's announcement dated 31 March 2015.


CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced31 Mar 2015  
CategoryGeneral Announcement
Reference NoOB-150331-9E4B1

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 31-Mar-2015
NAV per unit (RM): 1.8748
Units in circulation (units): 1,350,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,650.41

Attachments

A40 - 31.03.2015.pdf
10 KB



CIMBC50 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 50  
Stock Name CIMBC50  
Date Announced31 Mar 2015  
CategoryGeneral Announcement
Reference NoOB-150331-9E4A3

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 50
Date: 31-Mar-2015
NAV per unit (RM): 1.3504
Units in circulation (units): 11,700,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 19,541.55

Attachments

C50 - 31.03.2015.pdf
123 KB



MRCB - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):COMBINATION OF TRANSACTIONS

Announcement Type: General Announcement
Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB  
Date Announced31 Mar 2015  
CategoryGeneral Announcement
Reference NoMM-150331-63353

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
DescriptionMALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR THE “COMPANY”)

(I) PROPOSED DISPOSAL; AND

(II) PROPOSED SHARES ACQUISITIONS

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in the announcement dated 10 April 2014.)

We refer to the announcements dated 29 January 2014, 4 April 2014, 10 April 2014, 15 April 2014, 9 June 2014, 11 July 2014, 9 September 2014, 8 October 2014, 8 January 2015, 12 February 2015, 26 February 2015, 12 March 2015, 13 March 2015, 24 March 2015, 27 March 2015 and 30 March 2015 in respect of the Proposals.

On behalf of the Board, CIMB and RHB wish to announce that the Proposed Shares Acquisitions have been completed today following the settlement of the Purchase Consideration.

This announcement is dated 31 March 2015.



HUMEIND - Changes in Sub. S-hldr's Int. (29B) - YBhg Tan Sri Quek Leng Chan

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUME INDUSTRIES BERHAD  
Stock Name HUMEIND  
Date Announced31 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoNI-150331-61916

Particulars of substantial Securities Holder

NameYBhg Tan Sri Quek Leng Chan
AddressLevel 11, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
NRIC/Passport No/Company No.430812-71-5133
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderHLIB Nominees (Tempatan) Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/03/2015
200,000
 

Circumstances by reason of which change has occurredDeemed interest
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change355,960,311
Date of notice25/03/2015

Remarks :
This announcement is dated 31 March 2015.


HUMEIND - Changes in Sub. S-hldr's Int. (29B) - Hong Leong Company (Malaysia) Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUME INDUSTRIES BERHAD  
Stock Name HUMEIND  
Date Announced31 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoNI-150331-60779

Particulars of substantial Securities Holder

NameHong Leong Company (Malaysia) Berhad
AddressLevel 10, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
NRIC/Passport No/Company No.7802-V
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderHLIB Nominees (Tempatan) Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/03/2015
200,000
 

Circumstances by reason of which change has occurredDeemed interest
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change350,251,472
Date of notice25/03/2015

Remarks :
This announcement is dated 31 March 2015


HUMEIND - Changes in Sub. S-hldr's Int. (29B) - HL Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUME INDUSTRIES BERHAD  
Stock Name HUMEIND  
Date Announced31 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoNI-150331-1706F

Particulars of substantial Securities Holder

NameHL Holdings Sdn Bhd
AddressLevel 10, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
NRIC/Passport No/Company No.18168-D
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderHLIB Nominees (Tempatan) Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/03/2015
200,000
 

Circumstances by reason of which change has occurredDeemed interest
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change350,251,472
Date of notice25/03/2015

Remarks :
This announcement is dated 31 March 2015


KINSTEL - Changes in Director's Interest (S135) - Dato' Pheng Chin Guan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced31 Mar 2015  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-150331-37445

Information Compiled By KLSE

Particulars of Director

NameDato' Pheng Chin Guan
AddressA-5188, Lorong Kubang Buaya 80
25250 Kuantan, Pahang Darul Makmur
Descriptions(Class & nominal value)Ordinary shares of RM0.20 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
25/03/2015
2,000,000
0.160 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)18,032,500 
Direct (%)1.73 
Indirect/deemed interest (units)220,000 
Indirect/deemed interest (%)0.02 
Date of notice31/03/2015

Remarks :
Deemed interested by virtue of his spouse, Goh Yoke Lan @ Goh Mei Leng's shareholdings in the Company.

The direct interest of 18,032,500 shares comprises the following:

(i) 2,500 shares held by Maybank Nominees (Tempatan) Sdn Bhd
(pledged securities account for Dato' Pheng Chin Guan);
(ii) 6,760,000 shares held by Citigroup Nominees (Tempatan) Sdn Bhd
(pledged securities account for Dato' Pheng Chin Guan);
(iii) 3,780,000 shares held by ECML Nominees (Tempatan) Sdn Bhd
(pledged securities account for Dato' Pheng Chin Guan);
(iv) 4,590,000 shares held by Alliancegroup Nominees (Tempatan) Sdn Bhd
(pledged securities account for Dato' Pheng Chin Guan); and
(v) 2,900,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(pledged securities account for Dato' Pheng Chin Guan)


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