April 29, 2015

Company announcements: AAX, SONA, KIMHIN, PARKSON, PETGAS, ANNJOO, PASDEC, CCMDBIO, IRETEX

AAX - Important Relevant Dates for Renounceable Rights

Announcement Type: Important Relevant Dates for Renounceable Rights
Company Name AIRASIA X BERHAD
Stock Name AAX
Date Announced 29 Apr 2015
Category Important Relevant Dates for Renounceable Rights
Reference Number TOR-28042015-00001

Title/Description Rights Issue with Warrants
Despatch date 19 May 2015
Date for commencement of trading of rights 18 May 2015
Date for cessation of trading of rights 25 May 2015
Date for announcement of final subscription result and basis of allotment of excess Rights Securities 04 Jun 2015
Listing Date of the Rights Securities 11 Jun 2015

Last date and time for Date Time
Sale of provisional allotment of rights 22 May 2015
at
05:00:00 PM
Transfer of provisional allotment of rights 27 May 2015
at
04:00:00 PM
Acceptance and payment 01 Jun 2015
at
05:00:00 PM
Excess share application and payment 01 Jun 2015
at
05:00:00 PM

Rights Securities will be listed and quoted as the existing securities of the same class Yes
Other important dates as the listed issuer may deem appropriate
N/A



Remarks :
The Abridged Prospectus together with the NPA and RSF are only despatched to shareholders who have provided AAX's Share Registrar with a registered address in Malaysia and whose names appear in AAX's Record of Depositors as at 5.00 p.m. on 15 May 2015.


SONA - Changes in Sub. S-hldr's Int. (29B) - CREDIT SUISSE GROUP AG

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name SONA PETROLEUM BERHAD
Stock Name SONA
Date Announced 29 Apr 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-29042015-00075

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 Interest:- 1. CREDIT SUISSE SECURITIES (EUROPE) LIMITED - 63,261,400 One Cabot Square, London E14 4QJ, England 2. CREDIT SUISSE SECURITIES (USA) LLC - 14,318,200 11 Madison Avenue, New York 10010 3629 NY, United States

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 27 Apr 2015
300,900

Circumstances by reason of which change has occurred Deemed interests through open market investment position taken in the course of ordinary business in banking and finance
Nature of interest Indirect
Direct (units)
Direct (%)
Indirect/deemed interest (units) 77,579,600
Indirect/deemed interest (%) 5.5
Total no of securities after change 77,579,600
Date of notice 29 Apr 2015


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 Change in the Interests of Substantial Shareholder dated 29/04/2015 of Credit Suisse Group AG received by the registered office of Sona Petroleum Berhad on 29/04/2015.


KIMHIN - Final Dividend

Announcement Type: Entitlement(Notice of Book Closure)
Company Name KIM HIN INDUSTRY BERHAD
Stock Name KIMHIN
Date Announced 29 Apr 2015
Category Entitlement(Notice of Book Closure)
Reference Number ENT-29042015-00036

EX-date 22 Jun 2015
Entitlement date 24 Jun 2015
Entitlement time 05:00 PM
Entitlement subject Final Dividend
Entitlement description Final Dividend of 3% (tax exempt) for the year ended 31 December 2014
Period of interest payment   to  
Financial Year End 31 Dec 2014
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD (UNSPECIFIED) Level 17, The Gardens North Tower Mid Valley City, Lingkaran Syed Putra 59200Kuala Lumpur Tel:032264 3883 Fax:032282 1886
Payment date 23 Jul 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 24 Jun 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 22 Jun 2015
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 indicator Percentage
Entitlement in Percentage (%) 3.0
Par Value Malaysian Ringgit (MYR) 1.000


Remarks :
Final Dividend of 3% (tax exempt) shall be payable on 23 July 2015 subject to the approval from the shareholders at the forthcoming Annual General Meeting to be held on 27 May 2015



PARKSON - Notice of Shares Buy Back Immediate Announcement

Announcement Type: Notice of Shares Buy Back Immediate Announcement
Company Name PARKSON HOLDINGS BERHAD
Stock Name PARKSON
Date Announced 29 Apr 2015
Category Notice of Shares Buy Back Immediate Announcement
Reference Number SB1-29042015-00001

Date of buy back 29 Apr 2015
Description of shares purchased Ordinary shares of RM1.00 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 200,000
Minimum price paid for each share purchased ($$) 2.150
Maximum price paid for each share purchased ($$) 2.150
Total consideration paid ($$) 431,704.14
Number of shares purchased retained in treasury (units) 200,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 50,786,961
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 4.64000




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

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name PETRONAS GAS BERHAD
Stock Name PETGAS
Date Announced 29 Apr 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-29042015-00079

Particulars of substantial Securities Holder

Name KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Address Aras 4,5 & 6,
Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
Kuala Lumpur
55100 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. KWAPACT6622007
Nationality/Country of incorporation Malaysia
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 22 Apr 2015
20,000
Disposed 23 Apr 2015
25,000

Circumstances by reason of which change has occurred 1. Disposal of share in open market by KWAP
Nature of interest Direct
Direct (units) 108,265,400
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 108,265,400
Date of notice 29 Apr 2015


Remarks :
Received Form 29B on 29 April 2015


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

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name PETRONAS GAS BERHAD
Stock Name PETGAS
Date Announced 29 Apr 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-29042015-00080

Particulars of substantial Securities Holder

Name KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Address Aras 4,5 & 6,
Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
Kuala Lumpur
55100 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. KWAPACT6622007
Nationality/Country of incorporation Malaysia
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 24 Apr 2015
140,800

Circumstances by reason of which change has occurred 1. Disposal of share in open market by KWAP
Nature of interest Direct
Direct (units) 108,124,600
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 108,124,600
Date of notice 29 Apr 2015


Remarks :
Received Form 29B on 29 April 2015


ANNJOO - Annual Audited Accounts - 31 Dec 2014

Announcement Type: Document Submission
Company Name ANN JOO RESOURCES BERHAD
Stock Name ANNJOO
Date Announced 29 Apr 2015
Category Document Submission
Reference Number DCS-29042015-00032

Subject Annual Audited Accounts - 31 Dec 2014


Please refer attachment below.




PASDEC - Annual Audited Accounts - 31 Dec 2014

Announcement Type: Document Submission
Company Name PASDEC HOLDINGS BERHAD
Stock Name PASDEC
Date Announced 29 Apr 2015
Category Document Submission
Reference Number DCS-29042015-00157

Subject Annual Audited Accounts - 31 Dec 2014


Please refer attachment below.

Attachments

PHB 14_AFS.pdf
859.1 kB




CCMDBIO - General Meetings: Notice of Meeting

Announcement Type: General Meeting
Company Name CCM DUOPHARMA BIOTECH BERHAD
Stock Name CCMDBIO
Date Announced 29 Apr 2015
Category General Meeting
Reference Number GMA-29042015-00025

Type of Meeting Annual General Meeting
Indicator Notice of Meeting
Description
Fourteenth (14th) Annual General Meeting of CCM Duopharma Biotech Berhad
Date of Meeting 26 May 2015
Time 02:30 PM
Venue
Premiere Hotel
Bandar Bukit Tinggi
1/KS6, Jalan Langat
41200 Klang, 
Selangor Darul Ehsan
Date of General Meeting Record of Depositors 19 May 2015


Please refer attachment below.




IRETEX - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS RECURRENT RELATED PARTY TRANSACTIONS ENTERED INTO BY ZOOMIC AUTOMATION (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY COMPANY OF IRE-TEX CORPORATION BERHAD WITH:- (1) ZESTEK INTEGRATION SDN BHD (ZI), AND (2) FSP BUSINESS LINK SDN BHD (FSP)

Announcement Type: General Announcement for PLC
Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 29 Apr 2015
Category General Announcement for PLC
Reference Number GA1-28042015-00093

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
RECURRENT RELATED PARTY TRANSACTIONS ENTERED INTO BY ZOOMIC AUTOMATION (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY COMPANY OF IRE-TEX CORPORATION BERHAD WITH:-

(1)	ZESTEK INTEGRATION SDN BHD (ZI), AND
(2)	FSP BUSINESS LINK SDN BHD (FSP)

1.         INTRODUCTION

Pursuant to paragraph 10.09(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of Ire-Tex Corporation Berhad (“ITCB” or “the Company”) wishes to announce that Zoomic Automation (M) Sdn Bhd (“ZASB”), a wholly owned subsidiary company of ITCB, had entered into recurrent related party transactions in the ordinary course of business with ZI and FSP.

 

2.         INFORMATION ON ZASB, ZI, FSP AND THE RECURRENT RELATED PARTY TRANSACTIONS

2.1       Information on ZASB

ZASB was incorporated in Malaysia on 20 December 2002 under the Companies Act, 1965. The authorized share capital of ZASB is currently RM5,000,000.00 divided into 5,000,000 ordinary shares of RM1.00 each of which RM1,000,000.00 consisting of 1,000,000 ordinary shares of RM1.00 each have been issued and fully paid-up.

The principal activity of ZASB is designer, manufacturer and systems consultant for all types of industrial machinery and automation systems.

2.2       Information on ZI           

ZI was incorporated in Malaysia on 20 September 2011 under the Companies Act, 1965. The authorized share capital of ZI is currently RM1,000,000.00 consisting of 1,000,000 ordinary shares of RM1.00 each and the paid up capital is RM100,000.00 consisting of 100,000 ordinary shares of RM1.00 each fully paid-up.

The principal activity of ZI is providing assembly services for the electrical and electronic industries.

As at the date of this Announcement, the Directors and Shareholders of FSP are as follows:

Directors

  1. Tan Inn Huat
  2. Chin Peng Wai

Shareholders

 

Name

No. of shares held

 

Percentage

 

 

 

 

%

1)

Lim Swee Hua

5,000

 

5

2)

Chan Fung Guan

4,000

 

4

3)

Aw Fook Lam

4,000

 

4

4)

Loke Chong Leng

4,000

 

4

5)

Chin Peng Wai

5,000

 

5

6)

Ooi Shu Rhui

4,000

 

4

7)

Teh Gaik Tiang

70,000

 

70

8)

Tan Chee Keong

4,000

 

4

 

Total

100,000

 

100

 

2.3   Information on FSP

FSP was incorporated in Malaysia on 27 August 2012 under the Companies Act, 1965. The authorized share capital of FSP is currently RM1,000,000.00 consisting of 1,000,000 ordinary shares of RM1.00 each the paid up capital is RM1,000,000.00 consisting of 1,000,000 ordinary shares of RM1.00 each fully paid-up.

FSP is principally engaged as assemblers, maintainers and dealers in electronics components.

As at the date of this Announcement, the Directors and Shareholders of FSP are as follows:

Directors

  1. Foong Cheng Kong
  2. Khaw Kheng Wooi
  3. Toshihiko Nakano

 

Shareholders

 

Name

No. of shares held

 

Percentage

 

 

 

 

%

1)

Lim Swee Hua

30,000

 

3.0

2)

Ideomix Co. Ltd.

204,000

 

20.4

3)

Khaw Kheng Wooi

370,000

 

37.0

4)

Toshihiko Nakano

96,000

 

9.6

5)

Foong Cheng Kong

300,000

 

30.0

 

Total

1,000,000

 

100.0

 

2.4       Details of the recurrent related party transactions

The recurrent related party transactions for the period from 24 April 2014 (being the date on which ZASB became a subsidiary company of ITCB) up to date comprised of the following:-

(a) Sales of automated equipment, parts and machineries by ZASB to ZI amounting to a total of RM987,864.03 (“RRPT 1”),

(b) Purchases of assembly solution on automation machinery and conveyor by ZASB from ZI amounting to a total of RM1,975,360.00 (“RRPT 2”),

(c) Advance payments made by ZASB to ZI amounting to RM285,000.00 (“RRPT 3”), and

(d) Sales of manufactured light-emitting diode (LED) tube and automation machinery by ZASB to FSP amounting to a total of RM2,260,960.51 (“RRPT 4”).

(hereinafter collectively referred to as the “RRPTs”)

The transactions comprising the RRPTs are set out in the attached Table 1.

 

2.5       Rationale for the RRPTs

The sales transactions in RRPT 1 and RRPT 4 were sales carried out in the normal course of business of ZASB and were based on normal commercial terms consistent with ZASB’s usual business practices and policies.

The purchases transactions in RRPT 2 were purchases of assembly solution on automation machinery and conveyor carried out in the normal course of business of ZASB and were based on normal commercial terms. The purchases were made from ZI because of ZI’s expertise in auto conveyor system and bulk components handling automation in areas such as glove and packaging industries.

The advance payments made in RRPT 3 were progress payment for research and development projects for glove automation machines.

 

3.         FINANCIAL EFFECTS OF THE RRPTs

The RRPTs do not have any effect on the issued and paid-up share capital of ITCB or the shareholdings of its substantial shareholders.

ITCB Group has impaired amounts of RM2,886,230.00 and RM2,913,174.40 due from ZI and FSP respectively arising from RRPT 1, RRPT 3 and RRPT 4 in its financial statements for the year ended 31 December 2014 due to concerns over the recoverability of the said debts. However, the impairment of the said debts totaling RM5,799,404.40 (“Impaired Debts”) is fully covered by the profit guarantee provided by two of the Directors of ZASB, namely Teh Eng Huat and Khoo Hun Sniah (“Vendors”), arising from  the Vendors’ sale of their shares in ZASB to ITCB in 2014. The Vendors have confirmed in writing that the accounts of ZASB for the financial year ended 31 December 2014, which included the Impaired Debts, are a fair, accurate and conclusive statement of the profits and losses of ZASB for the purposes of the Profit After Taxation Guarantee of ZASB provided by the Vendors.

Subject to the foregoing, the RRPTs did not have any material effect on earnings per share, gearing and net assets per share of ITCB Group for the financial year ended 31 December 2014 and is not expected to have any material effect on earnings per share, gearing and net assets per share of ITCB Group for the financial year ended 31 December 2015.

 

4.         PERCENTAGE RATIOS

Based on ITCB’s audited consolidated financial statements for the financial year ended 31 December 2013 and pursuant the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the highest percentage ratio applicable to the RRPTs are as follows:-

RRPT 1 – 1.93%

RRPT 2 – 3.86%

RRPT 3 – 0.56%                    

RRPT 4 – 4.42%.

 

5.         APPROVALS REQUIRED

The RRPTs are not subject to approval of ITCB’s shareholders or any other government authorities.

 

6.         INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM 

Lim Swee Hua, Loke Chong Leng, Ooi Shu Rhui and Tan Chee Keong who are all shareholders of ZI and employees of ZASB and Teh Gaik Tiang who is a shareholder of ZI and an employee of ZASB and also the sister of Teh Eng Huat are all deemed to be related parties in RRPT 1, RRPT 2 and RRPT 3 as they are deemed to be persons connected to Teh Eng Huat and Khoo Hun Sniah who are Directors of ZASB. Teh Eng Huat was also a Director of ITCB until 25 February 2015.

Lim Swee Hua who is a shareholder of FSP and employee of ZASB and Khaw Kheng Wooi who is a Director and shareholder of FSP and an employee of ZASB are both deemed to be related parties in RRPT 4 as they are deemed to be persons connected to Teh Eng Huat and Khoo Hun Sniah who are Directors of ZASB. Teh Eng Huat was also a Director of ITCB until 25 February 2015.

Save as disclosed above, none of the other Directors and/or Major Shareholders of ITCB and/or persons connected with them, have any interest, direct or indirect, in the RRPTs.

 

7.         TOTAL AMOUNT TRANSACTED WITH THE RELATED PARTIES WITHIN THE PRECEDING 12 MONTHS

The transactions with ZI and FSP within the preceding 12 months are as set out in Table 1. 

 

8.         STATEMENT BY THE AUDIT COMMITTEE

As noted in paragraph 3 above, ITCB Group has impaired amounts of RM2,886,230.00 and RM2,913,174.40 due from ZI and FSP respectively arising from RRPT 1, RRPT 3 and RRPT 4 in its financial statements for the year ended 31 December 2014 due to concerns over the recoverability of the said debts. However, the impairment of the said debts totaling RM5,799,404.40 is fully covered by the profit guarantee provided by two of the Directors of ZASB, namely Teh Eng Huat and Khoo Hun Sniah, arising from  the Vendors’ sale of their shares in ZASB to ITCB in 2014. The Vendors have confirmed in writing that the accounts of ZASB for the financial year ended 31 December 2014, which included the Impaired Debts, are a fair, accurate and conclusive statement of the profits and losses of ZASB for the purposes of the Profit After Taxation Guarantee of ZASB provided by the Vendors.

Taking the foregoing into consideration, the Audit Committee is of the view that the transactions and profit guarantee by the Vendors to cover the impairment of the Impaired Debts are:-

  1. in the best interest of ITCB; and
  2. not detrimental to the interest of the minority shareholders.

 

9.         DIRECTORS' STATEMENTS

As noted in paragraph 3 above, ITCB Group has impaired amounts of RM2,886,230.00 and RM2,913,174.40 due from ZI and FSP respectively arising from RRPT 1, RRPT 3 and RRPT 4 in its financial statements for the year ended 31 December 2014 due to concerns over the recoverability of the said debts. However, the impairment of the said debts totaling RM5,799,404.40 is fully covered by the profit guarantee provided by two of the Directors of ZASB, namely Teh Eng Huat and Khoo Hun Sniah, arising from  the Vendors’ sale of their shares in ZASB to ITCB in 2014. The Vendors have confirmed in writing that the accounts of ZASB for the financial year ended 31 December 2014, which included the Impaired Debts, are a fair, accurate and conclusive statement of the profits and losses of ZASB for the purposes of the Profit After Taxation Guarantee of ZASB provided by the Vendors.

Taking the foregoing into consideration, the Board of Directors of ITCB is of the opinion that the RRPTs and profit guarantee by the Vendors to cover the impairment of the Impaired Debts are in the best interest of ITCB Group.

 

This announcement is dated 29 April 2015.




Please refer attachment below.

Attachments

Table 1.pdf
19.7 kB



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