HOHUP - MATERIAL LITIGATION HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "the Company") - PETITION BY ZEN COURTS SDN. BHD. IN RELATION TO ITS 30% SHAREHOLDINGS IN BUKIT JALIL DEVELOPMENT SDN. BHD.
| Company Name | HO HUP CONSTRUCTION COMPANY BHD |
| Stock Name | HOHUP |
| Date Announced | 11 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11052015-00098 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "the Company")
- PETITION BY ZEN COURTS SDN. BHD. IN RELATION TO ITS 30% SHAREHOLDINGS IN BUKIT JALIL DEVELOPMENT SDN. BHD. |
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Reference is made to the announcements dated 25 May 2011, 8 August 2011, 28 September 2011, 12 October 2011, 28 March 2012, 24 May 2012, 18 July 2013, 16 August 2013, 20 February 2014 and 7 March 2014. As so announced: 1. On 19 February 2014, the Court of Appeal had dismissed, with costs, the appeals to the Court of Appeal by Zen Courts Sdn Bhd (“Zen Courts”) against the Order dated 18 July 2013 of the High Court. The High Court had ordered (among other matters) that the Company buys the 4,500,000 ordinary shares in, comprising 30% of the share capital of, Bukit Jalil Development Sdn Bhd (“BJD”) at the purchase price of RM35.97 million (the “Purchase Price”), and (by the consent of both these parties) with interest from the date of that Order (18 July 2013) to the date payment was to be made. In effect, Zen Courts had appealed to further review the valuation report of and cross-examine the independent valuer who was appointed following the agreement of both Zen Courts and the Company. 2. On 7 March 2014, pursuant to and as directed by a further consequential Order made by the High Court on 25 February 2014, the Deputy Registrar of the High Court executed on behalf of Zen Courts and delivered to the Company’s solicitors Messrs Yoong & Partners a Form of Transfer of Securities (“Form 32A”) in favour of the Company, in respect of the 4,500,000 ordinary shares in BJD. The consequential Order was given in consequence of Zen Courts’ failure and/or refusal to execute and deliver the Form 32A as required by the Order dated 18 July 2013. Also pursuant to the consequential Order, the Company had through its solicitors delivered banker’s cheques for the Purchase Price and interest. Accordingly, the purchase and transfer by the Company of those shares was completed on 7 March 2014. Therefore, in addition to the 70% shareholding in BJD the Company originally held, the Company holds 100% of the share capital of BJD as of and from 7 March 2014. The Directors of the Company hereby announce that on 5 May 2015, following applications filed by Zen Courts for leave of the Federal Court to appeal to the Federal Court on specific questions of law, the Federal Court allowed Zen Courts to appeal further on 2 questions of law. These are: 1. Whether a court is entitled to review a speaking valuation of property prepared by a valuer jointly appointed by parties to a litigation based on the decision in Campbell v Edwards [1976] 1 All ER 785. 2. Whether the principle established in Cristel v Cristel [1951] 2 All ER 574 and applied in Tong Lee Hwa v Chin Ah Kwi [1971] 2 MLJ 75 is excluded by a provision in an order of court that the court shall determine the final value of shares that are the subject of a compulsory purchase order made pursuant to section 181(2)(c) of the Companies Act 1965? Zen Courts is required to attend to formalities of filing papers within certain prescribed times. No date has so far been set for the hearing of the further appeal. Zen Courts has also filed another application for leave of the Federal Court, claiming that there are questions of law in respect of the Court of Appeal’s earlier decision to dismiss its appeal that the Order dated 18 July 2013 should not have provided for the order for interest to be paid was made “by consent” of the parties. The term “by consent” was (in the process of the issuance of the written form of that Order) agreed to and approved by all the lawyers, including Zen Courts’ lawyers; however, as a result of a clerical error that term was omitted from the Order dated 18 July 2013 when its first formal sealed form was issued. Immediately upon the error being discovered, the Company applied for the clerical error to be corrected under the applicable rule in the Rules of the Court, and the High Court concurred and accordingly issued an amendment of the Order dated 18 July 2013 to reflect that the order to pay interest having been made by the High Court “by consent” of the parties. The Honourable Judge, in her written Grounds of Judgment, had specifically referred to and confirmed that the order to pay interest was so made “by consent”. However, Zen Courts remained dissatisfied. The application for such leave is now fixed for Case Management on 12 May 2015. The Company will make announcements as necessary for any further updates. This announcement is dated 11 May 2015.
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MCT - OTHERS MCT BERHAD (FORMERLY KNOWN AS GW PLASTICS HOLDINGS BERHAD) (MCT OR THE COMPANY) - CALL OPTION AGREEMENTS IN RESPECT OF ORDINARY SHARES OF RM1.00 EACH HELD IN MCT
| Company Name | MCT BERHAD |
| Stock Name | MCT |
| Date Announced | 11 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08052015-00080 |
| Type | Announcement |
| Subject | OTHERS |
| Description | MCT BERHAD (FORMERLY KNOWN AS GW PLASTICS HOLDINGS BERHAD) (MCT OR THE COMPANY) - CALL OPTION AGREEMENTS IN RESPECT OF ORDINARY SHARES OF RM1.00 EACH HELD IN MCT |
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The Board of Directors of MCT (“Board”) wishes to announce that Tan Sri Dato’ Sri Barry Goh Ming Choon (“TSBG”) and Dato’ Sri Tong Seech Wi (“DST”) in their individual capacities had on 8 May 2015, separately entered into Call Option Agreements dated 8 May 2015 with Regent Wise Investments Limited (“RWIL”) respectively in respect of ordinary shares of RM1.00 each in the capital of MCT upon the terms and conditions as stipulated in the said agreements (collectively, the “Call Option Agreements”). Please refer to the attached document for further details. This announcement is dated 11 May 2015. |
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Please refer attachment below.
AAX - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS AIRASIA X BERHAD ("AAX" or "the Company") - RECURRENT RELATED PARTY TRANSACTION ("RRPT")
| Company Name | AIRASIA X BERHAD |
| Stock Name | AAX |
| Date Announced | 11 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11052015-00097 |
| Type | Announcement | ||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
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| Description | AIRASIA X BERHAD ("AAX" or "the Company")
- RECURRENT RELATED PARTY TRANSACTION ("RRPT") |
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The Company wishes to announce that the actual value of the following RRPT has exceeded the estimated value of the RRPT disclosed in the Circular to Shareholders dated 14 May 2014 of AAX (“Estimated Value”):-
The reason for the variance between the actual amount charged and the estimated value was due to additional scope of work undertaken therefore resulting in additional employees employed by the Company for AAB subsequent to the shareholders’ mandate obtained in June 2014.
This announcement is dated 11 May 2015. |
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TROP - OTHERS PRESS RELEASE: TROPICANA POSTS 137% INCREASE IN PRE-TAX PROFIT TO RM41.1 MILLION IN Q1 FY2015 ON SUSTAINED PROPERTY SALES AND ASSETS UNLOCKING
| Company Name | TROPICANA CORPORATION BERHAD |
| Stock Name | TROP |
| Date Announced | 11 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11052015-00093 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PRESS RELEASE: TROPICANA POSTS 137% INCREASE IN PRE-TAX PROFIT TO RM41.1 MILLION IN Q1 FY2015 ON SUSTAINED PROPERTY SALES AND ASSETS UNLOCKING |
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We are pleased to attach herewith a press release dated 11 May 2015 and entitled, "Tropicana posts 137% increase in pre-tax profit to RM41.1 million in Q1 FY2015 on sustained property sales and assets unclocking" for your attention. |
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Please refer attachment below.
TROP - OTHERS TROPICANA CORPORATION BERHAD ("TROPICANA" OR "THE COMPANY") - Final Dividend
| Company Name | TROPICANA CORPORATION BERHAD |
| Stock Name | TROP |
| Date Announced | 11 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11052015-00070 |
| Type | Announcement |
| Subject | OTHERS |
| Description | TROPICANA CORPORATION BERHAD ("TROPICANA" OR "THE COMPANY")
- Final Dividend |
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Tropicana wishes to announce that the Board of Directors of Tropicana has declared a final single tier dividend comprising the following in respect of the financial year ended 31 December 2014:-
The book closure date for the above-mentioned final dividend is fixed on 25 June 2015 to determine the shareholders' entitlement and the payment date will be on 15 July 2015. The payment of the above-mentioned final dividend is subject to the approval of the shareholders at the 36th Annual General Meeting of the Company.
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TROP - Final Dividend
| Company Name | TROPICANA CORPORATION BERHAD |
| Stock Name | TROP |
| Date Announced | 11 May 2015 |
| Category | Entitlement(Notice of Book Closure) |
| Reference Number | ENT-11052015-00009 |
| EX-date | 23 Jun 2015 |
| Entitlement date | 25 Jun 2015 |
| Entitlement time | 05:00 PM |
| Entitlement subject | Final Dividend |
| Entitlement description | Share dividend on the basis of 1.3 treasury share for every 100 existing ordinary shares of RM1.00 each held in the Company ("Share Dividend"). Any fractions arising from the distribution of Share Dividend will be disregarded. |
| 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 | SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301Petaling Jaya Tel: 03-7841 8000 / 03-7849 0777 |
| Payment date | 15 Jul 2015 |
| a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 25 Jun 2015 |
| b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit | 23 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 | Ratio |
| Ratio | 1 : 100 |
| Rights Issue/Offer Price | |
| Par Value | Malaysian Ringgit (MYR) 1.000 |
| Remarks : |
The payment of the above final dividend is subject to the approval of the shareholders at the forthcoming 36th Annual General Meeting of the Company. |
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