April 17, 2015

Company announcements: KNM, MULPHAL, RCECAP, FITTERS, KESM, MUH, LSTEEL

KNM - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameKNM GROUP BERHAD  
Stock Name KNM  
Date Announced17 Apr 2015  
CategoryGeneral Announcement
Reference NoMH-150417-63889

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionKNM GROUP BERHAD (“KNM” OR "COMPANY")

RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,431,442 NEW ORDINARY SHARES OF RM0.50 EACH IN KNM GROUP BERHAD (“KNM”) (“KNM SHARE(S)” OR “SHARE(S)”) (“RIGHTS SHARE(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 EXISTING KNM SHARES HELD AS AT 5.00 P.M. ON FRIDAY, 27 MARCH 2015, TOGETHER WITH UP TO 215,215,721 NEW FREE DETACHABLE WARRANTS (“WARRANT(S) B”) ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AT AN ISSUE PRICE OF RM0.50 PER RIGHTS SHARE (“RIGHTS ISSUE WITH WARRANTS”)

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement dated 17 October 2014 in relation to the Rights Issue with Warrants.

We refer to the announcements dated 17 October 2014, 12 November 2014, 24 November 2014, 17 February 2015, 3 March 2015 and 13 March 2015 in relation to the Rights Issue with Warrants.

On behalf of KNM, Affin Hwang IB wishes to announce that as at the close of acceptance and payment for the Rights Issue with Warrants at 5.00 p.m. on 13 April 2015, the total valid acceptances and excess applications received for the Rights Issue with Warrants were 525,525,594 Rights Shares, representing an over subscription of 202,367,904 Rights Shares or approximately 62.62% over the total of 323,157,690 Rights Shares available for subscription under the Rights Issue with Warrants, the details of which are as follows:

                               
 

 

 
 
 

No. of Rights Shares

 
 
 
 

% of total Rights Shares

 
 
 

Valid acceptances

 
 

307,440,134

 
 

95.14

 
 

Valid excess applications

 
 
 

218,085,460

 
 
 
 

67.48

 
 
 

Total valid acceptances and excess applications

 
 

525,525,594

 
 

162.62

 
 

Total Rights Shares available for subscription pursuant to the Rights Issue with Warrants

 
 
 

323,157,690

 
 
 
 

100.00

 
 
 

Over subscription

 
 
 

202,367,904

 
 
 
 

62.62

 
 

Successful applicants will be given 1 Warrant B for every 2 Rights Shares subscribed for. The minimum number of Warrants B that can be issued and allotted with the accepted Rights Shares is 1 Warrant B. Applicants who subscribed for 1 Rights Share will not be entitled to any free Warrant B. In order to be entitled for 1 free Warrant B, applicants would have to subscribe for a minimum of 2 Rights Shares. Fractions of a Warrant B will be dealt with by the Board as it may deem fit, expedient and in the best interest of the Company.

Following the above and as stated in the Abridged Prospectus dated 27 March 2015, the Board reserves the right to allot the excess Rights Shares with Warrants B applied for by the Entitled Shareholders for the Rights Issue of Warrants and/or their renouncee(s) in a fair and equitable manner, on such basis as it may deem fit or expedient and in the best interest of the Company. The basis for allotment of the excess Rights Shares with Warrants B is set out below:-

  1. firstly, to minimise the incidence of odd lots;

  2. secondly, for allocation to Entitled Shareholders who have applied for the excess Rights Shares with Warrants B on a pro-rata basis and in board lots, calculated based on their respective shareholdings as at the Entitlement Date;

  3. thirdly, for allocation to Entitled Shareholders who have applied for the excess Rights Shares with Warrants B on a pro-rata basis, calculated based on the quantum of their respective excess Rights Shares with Warrants B application; and 

  4. finally, for allocation to the renouncee(s) (if applicable) who have applied for the excess Rights Shares with Warrants B on a pro-rata basis, calculated based on the quantum of their respective excess Rights Shares with Warrants B application.

     

The Rights Shares with Warrants B will be allotted on 22 April 2015 and expected to be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 27 April 2015.

This announcement is dated 17 April 2015.

 



MULPHAL - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMULPHA LAND BERHAD  
Stock Name MULPHAL  
Date Announced17 Apr 2015  
CategoryChange in Boardroom
Reference NoML-150415-42077

Date of change18/04/2015
NameLee Eng Leong
Age47
NationalityMalaysian
Type of changeAppointment
DesignationAlternate Director
DirectorateNon Independent & Non Executive
QualificationsA member of the Malaysian Institute of Certified Public Accountants and Malaysian Institute of Accountants  
Working experience and occupation Mr Lee was the Group Chief Financial Officer of Alliance Bank Malaysia Berhad ("the Bank") from 4 January 2010 to 2 October 2012. Prior to joining the Bank, he was the Chief Financial Officer of a major global company where he oversaw their finance operations covering the Asia region. For over 20 years, he has held various leadership roles in management positions within both local companies and MNCs in Asia.  
Directorship of public companies (if any)1) Mudajaya Group Berhad
2) Mudajaya Corporation 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 

Remarks :
Mr Lee Eng Leong is appointed as Alternate Director to Mr Lee Seng Huang (the Non-Independent Non-Executive Director of Mulpha Land Berhad) with effect from 18 April 2015.


MULPHAL - OTHERS MULPHA LAND BERHAD (“MLB”) - Change in Composition of Nomination and Remuneration Committees

Announcement Type: General Announcement
Company NameMULPHA LAND BERHAD  
Stock Name MULPHAL  
Date Announced17 Apr 2015  
CategoryGeneral Announcement
Reference NoML-150415-52594

TypeAnnouncement
SubjectOTHERS
DescriptionMULPHA LAND BERHAD (“MLB”)
- Change in Composition of Nomination and Remuneration Committees

We wish to announce the changes in the composition of the Nomination and Remuneration Committees of MLB with effect from 18 April 2015, as follows:-

1. Henry Choo Hon Fai has been appointed as a member of the Nomination Committee in place of Lee Eng Leong; and
2. Ghazie Yeoh Bin Abdullah has been appointed as a member of the Remuneration Committee in place of Lee Eng Leong.

 

After the change, the members of the Nomination and Remuneration Committees are as follows:-

 

1. Nomination Committee

a) Lim Kok Beng (Chairman)

b) Lt. Col (R) Abdul Jalil Bin Abdullah 

c)  Henry Choo Hon Fai

2. Remuneration Committee

a) Lt. Col (R) Abdul Jalil Bin Abdullah (Chairman)

b) Lim Kok Beng

c) Ghazie Yeoh Bin Abdullah


This announcement is dated 17 April 2015.  



RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced17 Apr 2015  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-150417-3321E

Date of buy back17/04/2015
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)490,200
Minimum price paid for each share purchased ($$)0.320
Maximum price paid for each share purchased ($$)0.335
Total consideration paid ($$)164,148.70
Number of shares purchased retained in treasury (units)490,200
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)56,850,900
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 (%)4.26


FITTERS - Changes in Director's Interest (S135) - Dato' Wong Swee Yee

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced17 Apr 2015  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-150417-35651

Information Compiled By KLSE

Particulars of Director

NameDato' Wong Swee Yee
Address27, Jalan Daya 2
Taman Daya Kepong
52100 Kuala Lumpur
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
15/04/2015
5,520,000
0.230 

Circumstances by reason of which change has occurredPurchase of warrants via off market transaction
Nature of interest Direct Interest
Consideration (if any) 

Total no of securities after change

Direct (units)43,620,268 
Direct (%)31.79 
Indirect/deemed interest (units)612,404 
Indirect/deemed interest (%)0.45 
Date of notice17/04/2015

Remarks :
The percentage of holdings is based on the total warrants in issue of 137,216,949.

(a) Direct interest in 43,620,268 warrants (31.79%) held under the name of:-

i) Alliance Group Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Wong Swee Yee - 13,619,333 warrants

ii) EB Nominees (Tempatan) Sendirian Berhad - Pledged Securities Account for Wong Swee Yee - 7,438,336 warrants

iii) RHB Capital Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Wong Swee Yee - 15,242,599 warrants

iv) Kenanga Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Wong Swee Yee - 7,320,000 warrants

(b) Indirect interest in 612,404 warrants (0.45%) held by Datin Goh Hooi Yin.

The acquisition of 5,520,000 warrants represents 4.02% of the total warrant in issue.

This announcement also serves as a notification pursuant to paragraph 14.09 of Chapter 14 of Bursa Malaysia Securities Berhad's Main Market Listing Requirements for dealings outside close periods.

This Notice was received by the Company on 17 April 2015


KESM - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameKESM INDUSTRIES BERHAD  
Stock Name KESM  
Date Announced17 Apr 2015  
CategoryGeneral Announcement
Reference NoMB-150417-53185

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionKESM INDUSTRIES BERHAD (“KESMI” OR THE “COMPANY”)

PROPOSED ACQUISITION OF THE REMAINING 692,308 ORDINARY SHARES OF RM1.00 EACH IN KESM TEST (M) SDN BHD (“KESM TEST”) (“KESM TEST SHARES”), REPRESENTING APPROXIMATELY 34.62% EQUITY INTEREST NOT ALREADY OWNED BY THE COMPANY FROM SUNRIGHT LIMITED (“SUNRIGHT” OR “VENDOR”) FOR A CASH CONSIDERATION OF RM35.0 MILLION (“PROPOSED ACQUISITION”)

We refer to the announcements dated 13 February 2015, 16 February 2015, 31 March 2015 and 16 April 2015 in relation to the Proposed Acquisition. (Unless otherwise defined, all terms used in this announcement shall have the same meaning ascribed in the aforesaid announcements.)

On behalf of the Board, AmInvestment Bank Berhad is pleased to announce that MITI has, via its letter dated 15 April 2015 (which was received on 17 April 2015), approved the sale, purchase and transfer of the Sale Shares.

This announcement is dated 17 April 2015.



MUH - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameMULTI-USAGE HOLDINGS BERHAD  
Stock Name MUH  
Date Announced17 Apr 2015  
CategoryGeneral Announcement
Reference NoOS-150417-37789

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionMULTI-USAGE HOLDINGS BERHAD (“MUH” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN MUH, REPRESENTING NOT MORE THAN TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MUH (EXCLUDING TREASURY SHARES, IF ANY) (“PROPOSED PRIVATE PLACEMENT”)

We refer to the announcements made on 9 April 2015 and 10 April 2015 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of MUH, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 16 April 2015, resolved to approve the listing of and quotation for up to 5,272,800 new MUH Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(i) MUH and TA Securities must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“LR”) pertaining to the implementation of the Proposed Private Placement;

(ii) MUH and TA Securities to inform Bursa Securities upon the completion of the Proposed Private Placement; and

(iii) MUH to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

MUH is required to ensure full compliance of all the requirements as provided under the LR at all times.

This announcement is dated 17 April 2015.

 



LSTEEL - OTHERS Leader Steel Holdings Berhad ("LSTEEL") • Proposed Renewal and Additional Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature; and • Proposed Renewal of Authority to Buy-back Its Own Shares by the Company (collectively referred to as "Proposals")

Announcement Type: General Announcement
Company NameLEADER STEEL HOLDINGS BERHAD  
Stock Name LSTEEL  
Date Announced17 Apr 2015  
CategoryGeneral Announcement
Reference NoCC-150417-863E9

TypeAnnouncement
SubjectOTHERS
DescriptionLeader Steel Holdings Berhad ("LSTEEL")
• Proposed Renewal and Additional Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature; and
• Proposed Renewal of Authority to Buy-back Its Own Shares by the Company
(collectively referred to as "Proposals")

The Board of Directors of LSTEEL wishes to announce that the Company intends to seek its shareholders’ approval on the following Proposals at its forthcoming Annual General Meeting :

a) Proposed Renewal and Additional Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature; and

b) Proposed Renewal of Authority to Buy-back Its Own Shares by the Company;

A Circular containing the details of the Proposals will be issued and dispatched to the shareholders of the Company in due course.

This announcement is dated 17 April 2015.



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