April 21, 2015

Company announcements: RAPID, RAPID-WA, EG, ITRONIC, SAM

RAPID - Changes in Director's Interest (S135) - YU KUAN CHON

Announcement Type: Changes in Director's Interest Pursuant to Section 135
Company Name RAPID SYNERGY BERHAD
Stock Name RAPID
Date Announced 21 Apr 2015
Category Changes in Director's Interest Pursuant to Section 135
Reference Number CS4-21042015-00001

Information Compiled By KLSE

Particulars of Director

Name YU KUAN CHON
Address 888 Taman Aman Muhibbah
Sitiawan
32000 Perak
Malaysia.
Descriptions(Class & nominal value) Ordinary share of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
20/04/2015
50,000
5.850

Circumstances by reason of which change has occurred
Open Market Disposal
Nature of interest
Direct Interest
Consideration (if any)
RM5.850

Total no of securities after change

Direct (units) 17,265,600
Direct (%) 19.750
Indirect/deemed interest (units) 7,530,661
Indirect/deemed interest (%) 8.610
Date of notice 21/04/2015


Remarks :
1. This announcement also serves as an announcement pursuant to Paragraph 14.09 (a) of the Main Market Listing Requirements 2. The above off market disposal of 50,000 ordinary shares represents 0.06% of the total issued share capital of the company. 3. The notice of change in the Director's interest in shares was received from Dato' Dr Yu Kuan Chon on 21 April 2015.


RAPID - Changes in Sub. S-hldr's Int. (29B) - YU KUAN HUAT

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name RAPID SYNERGY BERHAD
Stock Name RAPID
Date Announced 21 Apr 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-21042015-00034

Particulars of substantial Securities Holder

Name YU KUAN HUAT
Address No. 888 Jln Kg Sitiawan
Sitiawan
32000 Perak
Malaysia.
NRIC/Passport No/Company No. 581124085391
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary shares of RM1.00 each
Name & address of registered holder Dato' Yu Kuan Huat No. 888 Jln Kg Sitiawan 32000 Sitiawan Perak

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 20 Apr 2015
49,000
5.853

Circumstances by reason of which change has occurred Open Market Purchase
Nature of interest Direct Interest
Direct (units) 3,874,800
Direct (%) 4.43
Indirect/deemed interest (units) 7,530,661
Indirect/deemed interest (%) 8.61
Total no of securities after change 11,405,461
Date of notice 21 Apr 2015


Remarks :
1. This notice was received from Dato Yu Kuan Huat on 21 April 2015.


RAPID-WA - Changes in Director's Interest (S135) - YU KUAN HUAT

Announcement Type: Changes in Director's Interest Pursuant to Section 135
Company Name RAPID SYNERGY BERHAD
Stock Name RAPID-WA
Date Announced 21 Apr 2015
Category Changes in Director's Interest Pursuant to Section 135
Reference Number CS****************

Information Compiled By KLSE

Particulars of Director

Name YU KUAN HUAT
Address No. 888 Jln Kg Sitiawan
Sitiawan
32000 Perak
Malaysia.
Descriptions(Class & nominal value) Warrant of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
20/04/2015
13,000
5.150
Acquired
20/04/2015
398,600
5.200

Circumstances by reason of which change has occurred
Open Market and Off Market Purchase
Nature of interest
Direct Interest
Consideration (if any)
RM5.150 and RM5.200

Total no of securities after change

Direct (units) 1,767,950
Direct (%) 8.730
Indirect/deemed interest (units) 2,320,380
Indirect/deemed interest (%) 11.450
Date of notice 21/04/2015


Remarks :
1. This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing outside closed period. 2. The above open market purchase of 13,000 warrants and off market purchase of 398,600 warrants represents 0.06% and 1.97% respectively of the total balance of warrants of the Company. 3. The notice was received from Dato Yu Kuan Huat on 21 April 2015.


RAPID-WA - Changes in Director's Interest (S135) - YU KUAN HUAT

Announcement Type: Changes in Director's Interest Pursuant to Section 135
Company Name RAPID SYNERGY BERHAD
Stock Name RAPID-WA
Date Announced 21 Apr 2015
Category Changes in Director's Interest Pursuant to Section 135
Reference Number CS4-20042015-00022

Information Compiled By KLSE

Particulars of Director

Name YU KUAN HUAT
Address No. 888 Jln Kg Sitiawan
Sitiawan
32000 Perak
Malaysia.
Descriptions(Class & nominal value) Warrant of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
17/04/2015
61,000
5.150

Circumstances by reason of which change has occurred
Open Market Purchase
Nature of interest
Direct Interest
Consideration (if any)
RM5.150

Total no of securities after change

Direct (units) 1,356,350
Direct (%) 6.690
Indirect/deemed interest (units) 2,320,380
Indirect/deemed interest (%) 11.450
Date of notice 20/04/2015


Remarks :
1. This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing outside closed period. 2. The above open market purchase of 61,000 warrants represents 0.30% of the total balance of warrants of the Company. 3. The notice was received from Dato Yu Kuan Huat on 20 April 2015.


EG - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF 95.81% EQUITY INTEREST REPRESENTING 10,750,000 ORDINARY SHARES OF S$1.00 EACH IN SINGYASIN HOLDINGS PTE LTD BY THE COMPANY FOR A TOTAL CASH CONSIDERATION OF S$3,832,400 (EQUIVALENT TO RM10,309,539)

Announcement Type: General Announcement for PLC
Company Name EG INDUSTRIES BERHAD
Stock Name EG
Date Announced 21 Apr 2015
Category General Announcement for PLC
Reference Number GA1-21042015-00150

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION OF 95.81% EQUITY INTEREST REPRESENTING 10,750,000 ORDINARY SHARES OF S$1.00 EACH IN SINGYASIN HOLDINGS PTE LTD BY THE COMPANY FOR A TOTAL CASH CONSIDERATION OF S$3,832,400 (EQUIVALENT TO RM10,309,539)

INTRODUCTION

The Board of Directors of EGIB (“The Board”), save and except for Mr. Terence Tea Yeok Kian, the Chairman and Executive Director who is deemed interested in the said transaction and has abstained from all deliberations and voting, wishes to announce that the Company had, on 21 April 2015, entered into a conditional sale and purchase agreement (“SPA”) with the following two (2) existing shareholders of Singyasin Holdings Pte Ltd (“SYS”) to acquire 95.81% equity interests representing 10,750,000 ordinary shares of S$1.00 each in SYS (“Sale Shares”) for a total cash consideration of S$3,832,400, which is equivalent to RM10,309,539.

The details of the announcement is attached. 




Please refer attachment below.



EG - OTHERS PRESS RELEASE

Announcement Type: General Announcement for PLC
Company Name EG INDUSTRIES BERHAD
Stock Name EG
Date Announced 21 Apr 2015
Category General Announcement for PLC
Reference Number GA1-21042015-00155

Type Announcement
Subject OTHERS
Description
PRESS RELEASE

PRESS RELEASE 21 APRIL 2015 - ACQUISITION OF SINGAPORE BASED SINGYASIN HOLDINGS PTE LTD




Please refer attachment below.



ITRONIC - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") - DISPOSAL OF SHARES IN SOLUTION ENGINEERING HOLDINGS BERHAD

Announcement Type: General Announcement for PLC
Company Name INDUSTRONICS BERHAD
Stock Name ITRONIC
Date Announced 21 Apr 2015
Category General Announcement for PLC
Reference Number GA1-21042015-00149

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
- DISPOSAL OF SHARES IN SOLUTION ENGINEERING HOLDINGS BERHAD

Reference is made to the Company’s announcements made on 3 December 2013, 3 January 2014, 21 January 2014, 28 April 2014, 30 April 2014, 9 May 2014, 12 May 2014, 19 May 2014, 20 April 2015 and Circular to Shareholders dated 6 January 2014 respectively.

The Board of Directors of Industronics wishes to inform that Industronics has on 20 April 2015 disposed in the open market an aggregate of 700,000 ordinary shares of RM0.10 each in Solution Engineering Holdings Berhad (“SEHB”), a public company listed on ACE Market of Bursa Malaysia Securities Berhad, representing 0.36% of the existing issued and paid up share capital of SEHB (based on SEHB’s issued and paid-up capital as at 31 December 2014 as announced on 27 February 2015) at the average disposal price of RM0.332 each or gross proceeds of totaling RM232,500.00 (“Disposal”).

Upon completion of the Disposal, the Company’s shareholdings in SEHB reduced to 559,200 SEHB’s shares, representing approximately 0.29% of the issued and paid-up share capital of SEHB.

The Disposal will not have any effect on the issued and paid-up share capital and shareholding structure of the substantial shareholders in Industronics. The Disposal will not have material effect on the net assets per share, gearing and earnings per share of the Industronics Group for the current financial year ending 31 December 2015.

The Company made a book gain of approximately RM0.09 million from the Disposal as compared to the carrying value of investment for the said 700,000 SEHB shares of RM0.15 million.

The highest percentage ratio applicable to the Disposal pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.4% and the aggregate percentage ratio applicable to the SEHB shares disposed on 28 April 2014, 29 April 2014, 8 May 2014, 9 May 2014, 16 May 2014, 17 April 2015 and 20 April 2015 is 11.6%.

None of the directors and/ or the major shareholders of Industronics and/ or persons connected with them have any interest, direct or indirect, in the Disposal.

The Directors of Industronics are of the opinion that the Disposal is in the best interest of the Company after taking into consideration of the following :-

i)    The Company had on 24 April 2013 acquired 54,241,900 SEHB shares via open market transaction at total consideration of RM10.489 million (“Original Cost of Investment”). Subsequently on 13 November 2013, 14 November 2013, 28 April 2014, 29 April 2014, 8 May 2014, 9 May 2014, 16 May 2014 and 17 April 2015 the Company had disposed 52,982,700 SEHB shares for a total cash consideration of RM13.64 million (“Previous Disposals”), which had fully covered the Original Cost of Investment of the Company. As such, the sale of remaining SEHB shares held by the Company will be deemed as gain / profit to the Company.

ii)    In an effort to strengthen the Industronics Group financial position and with an aim of focusing on the Group’s core business, the Group had undertaken efforts to streamline the Group structure for better efficiency and relieving the Company from incurring further losses in the Group’s investment by disposing / dissolving non-performing subsidiaries and associated company. The Company noted the share price for SEHB has drop dramatically in the month of April 2014. In order to avoid further diminution in the investment, the Board has made the decision to dispose the remaining SEHB shares.

iii)    The Disposal will generate additional cash flow for the working capital requirements of the Group’s operations and to enhance financial position of the Company.
 

This announcement is dated 21 April 2015.






SAM - Additional Listing Announcement

Announcement Type: Additional Listing Announcement
Company Name SAM ENGINEERING & EQUIPMENT (M) BERHAD
Stock Name SAM
Date Announced 21 Apr 2015
Category Additional Listing Announcement
Reference Number ALA-20042015-00042

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Conversion of Irredeemable Convertible Unsecured Loan Stocks to Ordinary Shares
No. of shares issued under this corporate proposal 1,000
Issue price per share ($$) Malaysian Ringgit (MYR)   1.0000
Par Value ($$) Malaysian Ringgit (MYR)   1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units 84,291,790
Currency Malaysian Ringgit (MYR)
Listing Date 22 Apr 2015



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