March 31, 2015

Company announcements: PETGAS, PCCS, CRESNDO, CHUAN, STONE, JOHOTIN-WA, TGOFFS

PETGAS - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePETRONAS GAS BERHAD  
Stock Name PETGAS  
Date Announced31 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPG-150331-9732F

Particulars of substantial Securities Holder

NameKUMPULAN WANG PERSARAAN (DIPERBADANKAN)
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share of RM1.00/share
Name & address of registered holderKumpulan 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 transactionDate of change
No of securities
Price Transacted (RM)
Disposed23/03/2015
106,600
 
Disposed23/03/2015
11,600
 
Disposed24/03/2015
23,300
 

Circumstances by reason of which change has occurred1.Disposal of share in open market by KWAP
2.Disposal of share in open market by KWAP's Fund Manager
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change110,428,900
Date of notice30/03/2015

Remarks :
Received Form 29B on 31 March 2015


PCCS - Change in Boardroom

Announcement Type: Change in Boardroom
Company NamePCCS GROUP BERHAD  
Stock Name PCCS  
Date Announced31 Mar 2015  
CategoryChange in Boardroom
Reference NoCS-150327-35503

Date of change31/03/2015
NameCha Peng Koi @ Chia Peng Koi
Age64
NationalityMalaysian
DesignationExecutive Director
DirectorateExecutive
Type of changeResignation
ReasonPersonal commitment
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsMr. Cha Peng Koi graduated with a Bachelor of Science Degree (Honours) from the University of Malaya in 1977, Diploma in Public Administration from the Institute of Public Administration (“INTAN”) in 1981 and Master in Business Administration majoring in Finance from the University of California, Los Angeles in 1986. 
Working experience and occupation Mr. Cha Peng Koi started his career in the Malaysian Civil Service soon after graduation and served in various capacities in several ministries including the Ministry of Transport, Public Services Department and the Ministry of Public Enterprises (Entrepreneur Development). In 1987, he joined an international productivity consulting company based in Hong Kong and subsequently became its Chief Analyst and Chairman for its Asia Pacific operations. In 1990, he founded K N Norris Sdn. Bhd., a management consulting company specialising in the area of productivity and quality improvement. He has more than 25 years of experience in the fields of Finance and Operations Management.  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


CRESNDO - Quarterly rpt on consolidated results for the financial period ended 31/1/2015

Announcement Type: Financial Results
Company NameCRESCENDO CORPORATION BERHAD  
Stock Name CRESNDO  
Date Announced31 Mar 2015  
CategoryFinancial Results
Reference NoCC-150326-7250D

Financial Year End31/01/2015
Quarter4
Quarterly report for the financial period ended31/01/2015
The figureshave not been audited

Attachments

Crescendo Q4FY15.pdf
77 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/01/2015

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/01/2015
31/01/2014
31/01/2015
31/01/2014
$$'000
$$'000
$$'000
$$'000
1Revenue
75,254
74,643
268,547
310,355
2Profit/(loss) before tax
47,062
38,186
155,527
159,013
3Profit/(loss) for the period
35,003
32,167
124,617
126,652
4Profit/(loss) attributable to ordinary equity holders of the parent
34,573
29,577
119,866
121,053
5Basic earnings/(loss) per share (Subunit)
15.20
12.99
52.66
57.14
6Proposed/Declared dividend per share (Subunit)
5.00
9.00
12.00
16.00


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 ($$)
3.7100
3.1700
Definition of Subunit:

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:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


CRESNDO - OTHERS CRESCENDO CORPORATION BERHAD (“CCB”) REVALUATION OF NON-CURRENT ASSETS OF THE GROUP

Announcement Type: General Announcement
Company NameCRESCENDO CORPORATION BERHAD  
Stock Name CRESNDO  
Date Announced31 Mar 2015  
CategoryGeneral Announcement
Reference NoCC-150331-62702

TypeAnnouncement
SubjectOTHERS
DescriptionCRESCENDO CORPORATION BERHAD (“CCB”)
REVALUATION OF NON-CURRENT ASSETS OF THE GROUP

Pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of CCB (“the Board”) wishes to announce that the Board had approved the incorporation of the revaluation surplus, net of deferred tax, of approximately RM91.4 million in the consolidated financial statements of CCB for the financial year ended 31 January, 2015.

Further details are set out in the attachment.

 


CRESNDO - Final Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameCRESCENDO CORPORATION BERHAD  
Stock Name CRESNDO  
Date Announced31 Mar 2015  
CategoryEntitlements (Notice of Book Closure)
Reference NoCC-150325-BFCBB

EX-date10/08/2015
Entitlement date12/08/2015
Entitlement time04:00:00 PM
Entitlement subjectFinal Dividend
Entitlement descriptionFinal single tier dividend of 5% in respect of the year ended 31 January 2015
Period of interest payment to
Financial Year End31/01/2015
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noTacs Corporate Services Sdn. Bhd.
Unit No. 203, 2nd Floor,
Block C,Damansara Intan,
No. 1, Jalan SS20/27,
47400 Petaling Jaya.
Tel No. 03-71182688
Payment date 28/08/2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers12/08/2015 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorPercentage
Entitlement in percentage (%)5

Remarks :
Subject to shareholders' approval at the forthcoming 19th Annual General Meeting


CHUAN - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameCHUAN HUAT RESOURCES BHD  
Stock Name CHUAN  
Date Announced31 Mar 2015  
CategoryGeneral Announcement
Reference NoCH-150331-61104

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionShareholder’s Agreement between Keyline Consulting Sdn Bhd (“Keyline”) and Swees-Tech Global Pte. Ltd (“STG”)

1. INTRODUCTION

We refer to the announcement made on 17 December 2014 in relation to the Memorandum of Understanding entered into between Keyline, the subsidiary company of Chuan Huat Resources Berhad ("CHRB") and STG for a strategic alliance between the parties to design, manufacture, market and develop Fire Rated Doors and other related products and the setup of a joint-venture company to undertake the above.

The Board of Directors (“the Board”) wishes to announce that Keyline had on 28 March 2015 entered into a Shareholders’ Agreement with STG for the setup of a joint venture company vide the acquisition of 2 ordinary shares (“Acquisition”) and subscription of 74,998 ordinary shares (“Shares Subscription”) by Keyline in CH Sweestech Door Sdn Bhd (“CHSD”).

2. INFORMATION ON KEYLINE, STG AND CHSD

2.1 Keyline

Keyline was established as a private limited company on 21 October 2004 in Malaysia under the Companies Act, 1965. Keyline is principally involved in the trading and retailing of ironmongery products and the proposed supply of fire-rated doors would complement Keyline’s ironmongery products.

Keyline has an authorised share capital of RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each of which 540,000 ordinary shares were issued and as fully paid-up.

2.2 STG

STG was established as a private company limited by shares on 15 May 2011 in Singapore. STG has been engaged in the manufacturing of fire rated doors, partitions and false ceiling in Singapore. It is also involved in the design, supply and installation of fire rated products to construction projects. STG’s products are certified by international service corporation TUV SUD PSB Singapore and also the Green Label by the Singapore Green Building Product Labelling Scheme. STG has planned to expand and move it’s fire-rated doors manufacturing operations to Malaysia to cope with the increasing orders.

STG has an authorised and issued share capital of SGD20,000.00 divided into 20,000 ordinary shares of SGD1.00 each.

2.3 CHSD

CHSD was established as a private limited company on 12 February 2015 in Malaysia under the Companies Act, 1965. The principal activity is to carry on the business of manufacturing and marketing of fire doors of all kinds and all parts, component and accessories relating thereto.

It has an authorised share capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each of which 2 ordinary shares were issued and fully paid-up. The directors and shareholders are Dato’ Lim Khoon Heng and Mr Pan Yau Seng respectively.

3. SALIENT FEATURES OF THE SHAREHOLDERS’ AGREEMENT (“SA”)

The salient features of the SA includes, inter-alia, the following:-

a. CHSD was formed with the intention of carrying on the business of manufacturing and marketing of the fire-rated doors and accessories. The authorised and paid-up share capital of CHSD would in due course be increased to RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each (“Enlarged share capital”).

b. Keyline and STG will be the registered shareholders of CHSB and will be entitled to subscribe and pay for such new shares in proportion to the respective shareholding percentage in CHSD at the time of such increase in the following percentage:-

i) Keyline - 75%

ii) STG - 25%

c. Keyline and STG will initially subscribe for 74,998 ordinary shares, and 25,000 ordinary shares respectively, representing 75% and 25% of the total issued and paid-up share capital of CHSD (“Shares Subscription 1”). Keyline will also acquire the 2 existing ordinary shares in CHSD from the existing shareholders of CHSD. Both parties will subscribe in due course for the balance 900,000 ordinary shares in CHSD in the proportion as stated in item 3b above (“Shares Subscription 2”).

d. STG will provide technical know-how and subsequent day-to-day operation of the manufacturing activities of CHSD. This will include the sale of the necessary plant and machinery to CHSD for commissioning at CHSD’s manufacturing facilities here in Malaysia.

e. Keyline will distribute and market the fire-rated doors and accessories manufactured by CHSD in Malaysia and Singapore. The market will later be expanded to include other countries in the Asean region.

4. RATIONALE

The SA will be synergistic to the building material division of the CHRB Group and is expected to contribute positively to the financial performance of the CHRB Group in the long run.

5. SOURCE OF FUNDING

The funding for the Acquisition and Shares Subscription will be from internal generated funds.

6. FINANCIAL EFFECTS

6.1 On issued and paid-up share capital

The SA will not have any effect on the issued and paid-up share capital of the Company as it does not involve any allotment or issue of new CHRB shares.


6.2 On major shareholding

The SA will not have any effect on the major shareholders’ shareholdings in CHRB as it does not involve any allotment or issue of new CHRB shares.

6.3 On earnings per share and net tangible assets per share

The SA is not expected to have any significant effect on the net tangible assets per share and earnings per share of the Company for the current financial year.

7. APPROVALS REQUIRED

The SA is not subject to the approvals of the Company’s shareholders or any relevant authorities.

8. PROSPECTS AND RISK FACTORS

There is no risk factors foresee from the SA.



9. DEPARTURE FROM THE SECURITIES COMMISSION’S POLICIES AND GUIDELINES ON ISSUE/OFFER OF SECURITIES (“SC GUIDELINES”)

The SA does not involve any departure from the SC’s Guidelines.



10. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

Save as disclosed below, none of the Directors or Major Shareholders of the Company or persons connected to them has any interest, direct or indirect in the SA.

Dato’ Lim Khoon Heng is the director and shareholder CHSD and CHRB and the director of Keyline. Mr Pan Yau Seng is the director and shareholder CHSD and Keyline.

11. STATEMENT BY DIRECTORS

The Board, having considered all aspects of the SA, is of the opinion that the Shares Subscription is in the best interest of CHRB and its shareholders.



12. ESIMATED TIMEFRAME FOR COMPLETION

The Acquisition and the Shares Subscription 1 as stated in item 3c above is expected to be completed within 30 days from the date of the execution of the SA.

13. DOCUMENTS AVAILABLE FOR INSPECTION

The Shareholders’ Agreement will be made available for shareholders’ inspection at the registered office of the Company during normal office hours from Mondays to Fridays (except public holidays) at Wisma Lim Kim Chuan Lot 50A Jalan 1/89B, 3 mile off Jalan Sungai Besi, 57100 Kuala Lumpur for a period of three (3) months from the date of this announcement.

This announcement is dated 31 March 2015

BY ORDER OF THE BOARD


Dato’ Lim Khoon Heng

Director



STONE - OTHERS STONE MASTER CORPORATION BERHAD (“SMCB” OR “THE COMPANY”) Monthly Update on the Default in Payment pursuant to Chapter 9.19A of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad

Announcement Type: General Announcement
Company NameSTONE MASTER CORPORATION BERHAD  
Stock Name STONE  
Date Announced31 Mar 2015  
CategoryGeneral Announcement
Reference NoSM-150330-543A6

TypeAnnouncement
SubjectOTHERS
DescriptionSTONE MASTER CORPORATION BERHAD (“SMCB” OR “THE COMPANY”)
Monthly Update on the Default in Payment pursuant to Chapter 9.19A of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad

The Board of Directors of Stone Master Corporation Berhad ("SMCB" or “the Company”) wishes to update the Bursa Securities pertaining to the recent Announcements on the "Default in Payment" made to the Bursa Securities on 30th January 2015 and 27th February 2015 respectively, in respect to its wholly-owned subsidiary company, S.P. Granite Sdn Bhd (“SPG” or “the subsidiary company”) where SPG has defaulted in payment and SPG has at the same time also, received a letter of confirmation from Maybank Islamic Berhad ("the Bank") on a new Repayment Schedule that has allowed for the the full payment to be made by using partial of the proceeds from the coming Rights Issue exercise to be undertaken by SMCB.

In this respect, the Board wishes to update the Bursa Securities that as at the date of this Announcement, the Company has made the following payments to Maybank on its Term Loan Facility :

(i) An amount of RM30,743.11 on 3rd March 2015; and

(ii) An amount of RM27,364.88 on 24th March 2015.

This Announcement is dated 31st March 2015.



JOHOTIN-WA - Changes in Director's Interest (S135) - Edward Goh Swee Wang

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameJOHORE TIN BERHAD  
Stock Name JOHOTIN-WA  
Date Announced31 Mar 2015  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCJ-150327-55666

Information Compiled By KLSE

Particulars of Director

NameEdward Goh Swee Wang
AddressBlock C, 08-03, Level 8, Stulang View Condominium, Jalan Kuning, Taman Pelangi, 80400 Johor Bahru, Johor
Descriptions(Class & nominal value)Warrant

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
26/03/2015
160,000
0.170 

Description of other type of transactionDeemed interest of Mr Edward Goh Swee Wang by virtue of disposal of Johore Tin Berhad (JTB)'s warrants by Mr Goh Mia Kwong (father).
Circumstances by reason of which change has occurredDisposal of Johore Tin Berhad's warrants by Mr Goh Mia Kwong.
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)1,304,469 
Direct (%)5.59 
Indirect/deemed interest (units)2,170,146 
Indirect/deemed interest (%)9.3 
Date of notice31/03/2015

Remarks :
Indirect interest by virtue of Mr Goh Mia Kwong (father)'s warrants holding in JTB: 2,170,146

This announcement is dated 31 March 2015.


TGOFFS - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameTANJUNG OFFSHORE BERHAD  
Stock Name TGOFFS  
Date Announced31 Mar 2015  
CategoryChange in Audit Committee
Reference NoCA-150331-5020E

Date of change31/03/2015
NameShahrizal Hisham bin Abdul Halim
Age47
NationalityMalaysian
Type of changeCessation of Office
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuer 
Any conflict of interests that he/she has with the listed issuer 
Details of any interest in the securities of the listed issuer or its subsidiaries 
Composition of Audit Committee (Name and Directorate of members after change)1. Dato’ Ab Wahab bin Haji Ibrahim, Independent Non-Executive Director (Chairman)
2. Tan Sam Eng, Independent Non-Executive Director (Member)
3. Datuk Syed Hussian bin Syed Junid, Independent Non-Executive Director (Member)
4. Datuk Dr. Nik Norzrul Thani bin N. Hassan Thani, Non Independent Non-Executive Director (Member)



TGOFFS - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameTANJUNG OFFSHORE BERHAD  
Stock Name TGOFFS  
Date Announced31 Mar 2015  
CategoryChange in Audit Committee
Reference NoCA-150331-4C687

Date of change31/03/2015
NameDatuk Dr. Nik Norzrul Thani bin N. Hassan Thani
Age54
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateNon Independent & Non Executive
Qualifications2013 - Diploma in International Commercial Arbitration (University of New South Wales & Chartered Institute of Arbitrators)

2006 - Fellow of the Financial Services Institute of Australasia (FINSIA)

1993 - Ph.D. in Law, School of Oriental and African Studies, University of London

1991 - Chartered Institute of Arbitrators (United Kingdom) – passed the graduate entrance course

1990 - Program of Instruction for Lawyers (PIL), Harvard Law School

1987 - Post-graduate Diploma in Syariah Law and Practice (with Distinction), International Islamic University of Malaysia

1986 - Admitted as an Advocate & Solicitor of the High Court of Malaya
1985 - Called to the Honorable Bar of England and Wales

1985 - Masters in Law (LLM), Queen Mary College, University of London

1985 - Barrister at Law (Lincoln’s Inn)

1984 - Bachelor of Laws (LLB), University of Buckingham, United Kingdom

1983 - Chartered Institute of Marketing (United Kingdom), completed the professional Chartered Institute of Marketing exams whilst he pursued Bachelor of Laws (LLB), University of Buckingham  
Working experience and occupation Datuk Dr Nik began his early years of legal practice in Messrs Shearn Delamore & Co and as an international lawyer in Messrs Baker & McKenzie, Singapore.

Today, he is the Chairman and Senior Partner of Messrs Zaid Ibrahim & Co. He is also the Chairman of ZI Shariah Advisory Services, an affiliate company of Messrs Zaid Ibrahim & Co that provides legal and advisory services on Islamic law.

Datuk Dr Nik advises clients on a wide range of legal matters incorporating Islamic finance, banking, offshore finance, debt restructuring, international, corporate and commercial law. He has also advised clients on debt and corporate restructuring transactions, and on the issuance of private debt securities including Islamic financial instruments (domestic and international). He has been a legal counsel for several mergers and acquisitions and advises generally on regulatory and compliance issues. He was the legal consultant for the Ministry of Finance, Sultanate of Oman from the year 2009 to 2010.

Datuk Dr Nik is also a consultant for several projects including review of laws for the Labuan International Financial Centre, Islamic Financial Services Act (IFSA) & Financial Services Act (FSA), Malaysian Deposit Insurance Board (PIDM) and was a consultant for the development of Islamic banking laws for several countries including Kazakhstan, Tajikistan, Singapore and Thailand. He was also a resource person for the Central Bank of Malaysia and Securities Commission for the Malaysian Financial Masterplan and Capital Market Masterplan.  
Directorship of public companies (if any)(i) Fraser & Neave Holdings Berhad
(ii) UMW Holdings Berhad
(iii) Manulife Holdings Berhad  
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 
Composition of Audit Committee (Name and Directorate of members after change)1. Dato’ Ab Wahab bin Haji Ibrahim, Independent Non-Executive Director (Chairman)
2. Tan Sam Eng, Independent Non-Executive Director (Member)
3. Datuk Syed Hussian bin Syed Junid, Independent Non-Executive Director (Member)
4. Datuk Dr. Nik Norzrul Thani bin N. Hassan Thani, Non Independent Non-Executive Director (Member)


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