MUDAJYA - Mudajaya Group Berhad ("the Company")-Internal Review
| Company Name | MUDAJAYA GROUP BERHAD |
| Stock Name | MUDAJYA |
| Date Announced | 25 Mar 2015 |
| Category | General Announcement |
| Reference No | MG-150325-61214 |
| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | BL-150323-46733 |
| Subject | Mudajaya Group Berhad ("the Company") -Internal Review |
| Description | Further to the announcement dated 20th March 2015, pertaining to the internal review undertaken by the Company, the Board has the following responses to Bursa Malaysia Securities Berhad’s queries. |
| Query Letter Contents | We refer to your Company's announcement dated 20 March 2015. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1. To quantify 'additional cost incurred on a specific project'; 2. To provide name and description of the specific project undertaken by the Group; 3. To specify the nature or type of 'irregular transactions'that took place in the project; and 4. To also quantify the financial impact that has been adequately accounted for in the Group's 4th quarter results for financial period ended 31 December 2014. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully KHOO KAY KWAN Senior Vice President, Issuers Listing Division Regulation KKK/BL/ne copy to:- General Manager & Head, Market Surveillance, Securities Commission (via fax) |
Query 1 To quantify “additional cost incurred on a specific project”. Response We are unable to disclose the quantum at this point in time as it may jeopardize the ongoing investigation and any legal proceedings that are being initiated. We are also in the process of recoveries and expect there will be a write back sometime in 2015 pending finalisation of the investigation. The overall additional costs incurred on this project are mainly due to acceleration of works and general increase in construction related costs and costs related to Variation Orders to the original scope of works. Based on our internal investigation, the Board had firmly emphasised that all costs relating to the particular project and thus to the financial results of the Group, have been fully accounted for in the Company's books. With the information at hand, we are confident that moving forward, no further provisions for costs are required beyond what was reported as at 27th February 2014 with regards to Mudajaya Group financial results for the year ended 31st December 2014. The information thus far suggests clearly that the issue is confined to an isolated case involving one former employee and is restricted to one of our projects only. Aspects of the investigations are still on-going. Query 2 To provide name and description of the specific project undertaken by the Group. Response We do not have many ongoing projects and by providing the name of the project, it is likely to jeopardize the ongoing investigation process, and therefore we wish to maintain confidentiality. In addition, we are also in the midst of finalising the overall “Variation Orders “claims with the clients. Query 3 To specify the nature or type of “irregular transactions” that took place in the project. Response The irregular transactions uncovered during the internal investigation were due to inaccurate billings and payment of project claims, by a former employee. The Board has referred this matter to the relevant authorities and has obtained legal advice on our next course of action. In addition, the Board has commissioned an international audit firm to assist with this matter. Query 4 To also quantify the financial impact that has been adequately accounted for in the Group’s 4th quarter results for financial period ended 31st December 2014. Response The Board had emphasised firmly that all costs relating to the particular project so far as we have established, the inaccurate or improper project claims were all paid for, thus fully accounted in the Company's books as at 31st December 2014. On this basis, the Board believes no further provision is required to be made for the subject matter. The Board has commissioned an international audit firm and legal consultants to validate the findings of the Work Group. This announcement is dated 25th March 2015.
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AXREIT - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 25 Mar 2015 |
| Category | General Announcement |
| Reference No | MI-150325-65189 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT”) PROPOSED ACQUISITION BY RHB TRUSTEES BERHAD, ON BEHALF OF AXIS-REIT, OF A PIECE OF LEASEHOLD LAND HELD UNDER H.S.(D) 293642, LOT NO. PT 2233, SECTION 16, TOWN OF SHAH ALAM, DISTRICT OF PETALING, STATE OF SELANGOR DARUL EHSAN MEASURING 23,923 SQUARE METRES TOGETHER WITH THE BUILDINGS INSTALLED WITH ROOFTOP-MOUNTED SOLAR ELECTRIC GENERATING SYSTEM ERECTED THEREON, FROM ABLE HEIGHTS (M) SDN BHD FOR A CASH CONSIDERATION OF RM45,000,000 (“PROPOSED AXIS SHAH ALAM DC2 ACQUISITION”) |
(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 4 August 2014). We refer to the announcements dated 4 August 2014, 4 November 2014, 17 November 2014, 19 November 2014, 23 December 2014 and 26 January 2015, and the Circular to the Unitholders dated 4 November 2014 in relation to, among others, the Proposed Axis Shah Alam DC2 Acquisition. On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, Maybank Investment Bank Berhad wishes to announce that all the conditions precedent to the Axis Shah Alam DC2 Agreement have been fulfilled and accordingly, the Axis Shah Alam DC2 Agreement has become unconditional today. This announcement is dated 25 March 2015. | |
THPLANT - MATERIAL LITIGATION
| Company Name | TH PLANTATIONS BERHAD |
| Stock Name | THPLANT |
| Date Announced | 25 Mar 2015 |
| Category | General Announcement |
| Reference No | TP-150325-831BD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | TH PELITA SADONG SDN. BHD. AND TH PELITA GEDONG SDN. BHD. (PLAINTIFFS/APPELLANTS) VS FIRST COMPOSITE SDN. BHD. & 15 OTHERS (DEFENDANTS/RESPONDENTS) |
Further to our announcement made on 10 April 2014. TH Plantations Berhad's subsidiaries, TH PELITA Gedong Sdn Bhd (“Gedong”) and TH PELITA Sadong Sdn Bhd (“Sadong”) had filed a Notice of Application under the Order 14A Rules of the Court, 2012 on 23 December 2014 to have the matter be determined on questions of law, and also to strike out the Defendants’ Defence in light of the extension of the Stay of Execution Order granted by the Federal Court to Gedong and Sadong. The Defendants had filed their Affidavit of Opposition on 16 January 2015 to oppose the Notice of Application. Gedong and Sadong had duly filed their Affidavits of Reply on 30 January 2015. The High Court had fixed a new mention date on 2 April 2015, from the original 5 March 2015, for hearing of the submissions by the parties. This announcement is dated 25 March 2015. | |
TAGB - OTHERS Updates on disclosures in relation to any Agreement, Arrangement, Joint Venture or Collaboration for the purpose of bidding for or securing a project or contract (‘Venture’)
| Company Name | TA GLOBAL BERHAD |
| Stock Name | TAGB |
| Date Announced | 25 Mar 2015 |
| Category | General Announcement |
| Reference No | TG-150325-8835F |
| Type | Announcement |
| Subject | OTHERS |
| Description | Updates on disclosures in relation to any Agreement, Arrangement, Joint Venture or Collaboration for the purpose of bidding for or securing a project or contract (‘Venture’) |
Reference is made to our announcement made on 26 November 2009 with regards to ‘The Gardens JV’ between TA Development One (Canada) Ltd, a 100% owned subsidiary of TA Global Berhad and Townline Gardens Inc. to develop a mixed development project on a parcel of land located in the City of Richmond, British Columbia, Canada (‘Project’). The Board is pleased to provide herewith an update on the aforesaid project as at 31 January 2015: 1. Full Building Permit for Building A & B was received on 5 December 2012 2. Provisional Occupancy Permit (OP) was issued on 20 June 2014 3. Construction of Building A (Azalea) and Building B (Magnolia) are substantially complete 4. First closing of residential sales commenced on 21 July 2014 and first possession date occurred on 22 July 2014 5. All homeowner walkthroughs for Building A (Azalea) and Building B (Magnolia) are complete, with exception of the remaining unsold units 6. Landlord’s work for the tenant (Loblaw) occupying the retail space of Building B (Magnolia) is complete and the tenant opened its store on 31 October 2014 7. Final Occupancy Permit for Building A (Azalea) was received on 5 January 2015 Other than the above, there is no significant update of the Group’s Venture for the quarter under review. This announcement is dated 25 March 2015.
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TAGB - OTHERS Updates on the Status and Progress of 1151 West Georgia, Vancouver, Canada
| Company Name | TA GLOBAL BERHAD |
| Stock Name | TAGB |
| Date Announced | 25 Mar 2015 |
| Category | General Announcement |
| Reference No | TG-150325-8835E |
| Type | Announcement |
| Subject | OTHERS |
| Description | Updates on the Status and Progress of 1151 West Georgia, Vancouver, Canada |
The Board is pleased to provide herewith an update on the aforesaid project as at 31 January 2015: 1. Overall site work has progressed to Level 68 2. Level 68 suspended slab was cast on 30 Jan 2015 3. Masonry work has progressed to Level 55 4. Plumbing risers progressing Level 48 – 51 5. Mechanical / plumbing rough-in progressing Level 38 – 40 6. Electrical rough-in progressing Level 38 7. Steel stud framing progressing Level 42 – 44 8. Dry wall / Ceiling progressing Level 36 9. Tiling installation progressing Level 30 – 31 10. Construction duration for the project is anticipated to be 45 months, with completion date estimated to be February 2016 11. Overall progress of site work is on schedule to baseline Other than the above, there is no significant update of the Group’s Venture for the quarter under review. This announcement is dated 25 March 2015. | |
SONA - Notice of Interest Sub. S-hldr (29A) - CREDIT SUISSE GROUP AG
| Company Name | SONA PETROLEUM BERHAD |
| Stock Name | SONA |
| Date Announced | 25 Mar 2015 |
| Category | Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965 |
| Reference No | CM-150325-64059 |
Particulars of Substantial Securities Holder
| Name | CREDIT SUISSE GROUP AG |
| Address | PARADEPLATZ 8, ZURICH, 8001, SWITZERLAND |
| NRIC/Passport No/Company No. | CH-0203906075-9 |
| Nationality/Country of incorporation | SWITZERLAND |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF RM0.01 EACH |
| Name & address of registered holder | INDIRECT:- 1. CREDIT SUISSE SECURITIES (EUROPE) LIMITED ONE CABOT SQUARE, LONDON E14 4QJ, ENGLAND 2. CREDIT SUISSE SECURITIES (USA) LLC 11, MADISON AVENUE, NEW YORK 10010 3629, NY, UNITED STATES |
| Remarks : |
| 1. Credit Suisse Securities (Europe) Limited - Credit Suisse Securities (Europe) Limited is wholly owned by Credit Suisse Investment Holdings (UK) - Credit Suisse Investment Holdings (UK) is wholly owned by Credit Suisse Investments (UK) - Credit Suisse Investments (UK) is wholly owned by Credit Suisse AG - Credit Suisse AG is wholly owned by Credit Suisse Group AG 2. Credit Suisse Securities (USA) LLC - Credit Suisse Securities (USA) LLC is wholly owned by Credit Suisse (USA), Inc. - Credit Suisse (USA), Inc. is wholly owned by Credit Suisse Holdings (USA), Inc. - Credit Suisse Holdings (USA), Inc. is 43% owned by Credit Suisse Group AG and 57% owned by Credit Suisse AG - Credit Suisse AG is wholly owned by Credit Suisse Group AG This announcement is based on the information in the Notice of Interest of Substantial Shareholder pursuant to Form 29A of the Companies Act, 1965 received from Credit Suisse Group AG dated 25/03/2015 received by the registered office of Sona Petroleum Berhad on 25/03/2015. |
PETGAS - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 25 Mar 2015 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PG-150325-AB0CA |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00/share |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd (Employees Provident Fund Board) Level 42,Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 20/03/2015 | 532,300 | |
| Disposed | 20/03/2015 | 210,900 |
| Remarks : |
| The direct interest of 236,711,100 shares comprising: a) 228,566,400 shares held by Citigroup Nominees(Tempatan) Sdn. Bhd; b) 1,497,600 shares held EPF Board; c) 190,600 shares held by Employees Provident Fund Board (RHB INV); d) 1,022,100 shares held by Employees Provident Fund Board (AM INV); e) 5,074,400 shares held by Employees Provident Fund Board (NOMURA); f) 360,000 shares held by Employees Provident Fund Board (ARIM); Received Form 29B on 25 March 2015. |
PETGAS - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN DIPERBADANKAN
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 25 Mar 2015 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PG-150325-BF670 |
Particulars of substantial Securities Holder
| Name | KUMPULAN WANG PERSARAAN DIPERBADANKAN |
| Address | Aras 4, 5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | KWAPACT6622007 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Share of RM1.00/share |
| Name & address of registered holder | Kumpulan Wang Persaraan (Diperbadankan) Aras 4, 5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 19/03/2015 | 400,000 | |
| Disposed | 19/03/2015 | 30,000 |
| Remarks : |
| Received Form 29B on 25 March 2015 |
PMBTECH - OTHERS PMB Technology Berhad ("PMBT" or “the Company”) - Deregistration of PMB Fa ade Technology International (L.L.C)
| Company Name | PMB TECHNOLOGY BERHAD |
| Stock Name | PMBTECH |
| Date Announced | 25 Mar 2015 |
| Category | General Announcement |
| Reference No | CC-150325-42179 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PMB Technology Berhad ("PMBT" or “the Company”) - Deregistration of PMB Fa ade Technology International (L.L.C) |
The Board of Directors of PMBT wishes to announce that the Company has on today received a notification dated 1 March 2015 from the Department of Economic Development of Government of Dubai that PMB Fa ade Technology International (L.L.C), a company which was 49%-owned by PMB Fa ade Technology Sdn Bhd, which in turn a wholly-owned subsidiary of PMBT, had been de-registered on 1 March 2015.
The deregistration of PMB Fa ade Technology International (L.L.C) would not have any effect on PMBT's earnings, net assets, gearing, share capital and substantial shareholdings structure for the financial year ending 31 December 2015.
This announcement is dated 25 March 2015. | |
SAMUDRA - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
| Company Name | KEJURUTERAAN SAMUDRA TIMUR BERHAD |
| Stock Name | SAMUDRA |
| Date Announced | 25 Mar 2015 |
| Category | General Announcement |
| Reference No | CS-150325-60011 |
| Type | Announcement |
| Subject | TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) |
| Description | KEJURUTERAAN SAMUDRA TIMUR BERHAD ("KSTB") - VOLUNTARY TAKE-OVER OFFER FROM RHB INVESTMENT BANK BERHAD ON BEHALF OF TRANCE REX SDN BHD, DATO' CHEE PECK KIAT @ CHEE PECK JAN, DARMENDRAN A/L KUNARETNAM AND CHEE CHENG CHUN (COLLECTIVELY REFERRED TO AS THE "JOINT OFFERORS") |
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Offer. We refer to the announcement dated The Board of Directors of KSTB (save for Darmendran a/l Kunaretnam and Chee Cheng Chun) wishes to confirm that it does not intend to seek an alternative person to make a take-over offer for the Offer Shares and Offer Warrants. In accordance with the Malaysian Code on Take-Overs and Mergers, 2010, the Board of Directors of KSTB (save for Darmendran a/l Kunaretnam and Chee Cheng Chun) also wishes to announce that Inter-Pacific Securities Sdn Bhd has been appointed to act as the Independent Adviser to advise the non-interested Directors and holders of the Offer Shares and Offer Warrants on the reasonableness and fairness of the Offer. This announcement is dated
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