May 11, 2015

Company announcements: HOHUP, SUNREIT, ARMADA, SUNWAY, SKPETRO, FGV, MPHBCAP, BIMB

HOHUP - Changes in Sub. S-hldr's Int. (29B) - INSAS BERHAD

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name HO HUP CONSTRUCTION COMPANY BHD
Stock Name HOHUP
Date Announced 11 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-11052015-00041

Particulars of substantial Securities Holder

Name INSAS BERHAD
Address No. 45-5, The Boulevard,
Mid Valley City,
Lingkaran Syed Putra,
Kuala Lumpur
59200 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. 4081-M
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM0.50 each
Name & address of registered holder Insas Plaza Sdn. Bhd. No. 45-5, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Disposed 08 May 2015
26,700

Circumstances by reason of which change has occurred Disposal of shares through open market by Insas Plaza Sdn. Bhd.
Nature of interest Indirect
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 46,562,250
Indirect/deemed interest (%) 13.51
Total no of securities after change 46,562,250
Date of notice 11 May 2015



HOHUP - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement for PLC
Company Name HO HUP CONSTRUCTION COMPANY BHD
Stock Name HOHUP
Date Announced 11 May 2015
Category General Announcement for PLC
Reference Number GA1-11052015-00036

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Description
HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "The Company")
- DEALINGS IN SECURITIES OF HO HUP DURING CLOSED PERIOD PURSUANT TO PARAGRAPH 14.08(d) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Dato' Sri Thong Kok Khee, the Non-Independent Non-Executive Director of the Company, had given notice of his indirect dealings in the Ordinary Shares of the Company during closed period, details as set out in the table below:-

Indirect Interest - Ordinary Shares

Date of Transaction

No. of shares disposed

Percentage (%)

Price per Share (RM)

08/05/2015

*26,700

0.01

1.35

*Disposal of shares through open market by Insas Plaza Sdn. Bhd.

This announcement is dated 11 May 2015.






SUNREIT - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name SUNWAY REAL ESTATE INVESTMENT TRUST
Stock Name SUNREIT
Date Announced 11 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-11052015-00049

Particulars of substantial Securities Holder

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19, Bangunan KWSP, Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Units in Sunway Real Estate Investment Trust
Name & address of registered holder 1. Citigroup Nominees (Tempatan) SB - EPF Board of Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur 2. Citigroup Nominees (Tempatan) SB - EPF Board (NOMURA) of Suite No. 16.2, Level 16, Menara IMC, No. 8, Jalan Sultan Ismail, 50250 Kuala Lumpur 3. Citigroup Nominees (Tempatan) SB - EPF Board (AMUNDI) of Amundi Asset Management, Middle Office, 168 Robinson Road, #24-01 Capital Tower, Singapore 068912 4. Citigroup Nominees (Tempatan) SB - EPF Board (KIB) of Kenanga Investors Berhad, Suite 12.02, 12th Floor, Kenanga International, Jalan Sultan Ismail, 50250 Kuala Lumpur 5. EPF Board of Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur 6. Citigroup Nominees (Tempatan) SB - EPF Board (AFFIN-HWG) of Suite 11-01, 11th Floor, Menara Keck Seng, 203, Jalan Bukit Bintang, 55100 Kuala Lumpur 7. Citigroup Nominees (Tempatan) SB - EPF Board (RHB INV) of Level 10, Tower One, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 06 May 2015
500,000
Disposed 06 May 2015
500,000
Disposed 06 May 2015
17,500

Circumstances by reason of which change has occurred 1. Acquisition of equity managed by Portfolio Manager, Citigroup Nominees (Tempatan) SB - EPF Board - 500,000 units 2. Disposal of equity managed by Portfolio Manager, Citigroup Nominees (Tempatan) SB - EPF Board (AMUNDI) - 500,000 units 3. Disposal of equity managed by Portfolio Manager, Citigroup Nominees (Tempatan) SB - EPF Board (AFFIN-HWG) - 17,500 units
Nature of interest Direct interest
Direct (units) 304,047,200
Direct (%) 10.36
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 304,047,200
Date of notice 07 May 2015


Remarks :
1. The direct interest of 304,047,200 unis are held as follows:-
a) 268,931,600 units are registered in the name of Citigroup Nominees (Tempatan) SB - EPF Board.
b) 1,500,000 units are registered in the name of EPF Board.
c) 4,549,100 units are registered in the name of Citigroup Nominees (Tempatan) SB - EPF Board (AMUNDI).
d) 2,738,100 units are registered in the name of Citigroup Nominees (Tempatan) SB - EPF Board (KIB).
e) 8,273,700 units are registered in the name of Citigroup Nominees (Tempatan) SB - EPF Board (AFFIN-HWG).
f) 2,500,000 units are registered in the name of Citigroup Nominees (Tempatan) SB - EPF Board (RHB INV).
g) 15,554,700 units are registered in the name of Citigroup Nominees (Tempatan) SB - EPF Board (NOMURA).
2. The Form 29B dated 7 May 2015 was received on 11 May 2015.


ARMADA - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name BUMI ARMADA BERHAD
Stock Name ARMADA
Date Announced 11 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-11052015-00048

Particulars of substantial Securities Holder

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19
Bangunan KWSP
Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (AMUNDI) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (KIB) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (AFFIN-HWG) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (NOMURA) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (ARIM) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (TEMPLETON) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (ABERDEEN) Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 06 May 2015
3,000,000

Circumstances by reason of which change has occurred Acquisition of 3,000,000 BAB Shares registered under Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (AMUNDI)
Nature of interest Direct
Direct (units) 530,029,400
Direct (%) 9.035
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 530,029,400
Date of notice 07 May 2015


Remarks :
This announcement is based on the information in the Notice of Change in the Interest of Substantial Shareholder (Form 29B) dated 7 May 2015 received by the Company on 11 May 2015. The registered holders of the 530,029,400 BAB Shares are as follows:

1. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board - in respect of 392,955,800 BAB Shares

2. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (AMUNDI) - in respect of 27,000,000 BAB Shares

3. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (KIB) - in respect of 2,600,000 BAB Shares

4. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (AFFIN-HWG) - in respect of 27,997,800 BAB Shares

5. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (NOMURA) - in respect of 15,941,700 BAB Shares

6. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (ARIM) - in respect of 2,650,000 BAB Shares

7. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (TEMPLETON) - in respect of 47,238,700 BAB Shares

8. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (ABERDEEN) - in respect of 13,645,400 BAB Shares


SUNWAY - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNWAY BERHAD (SUNWAY) (1) SHARE SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY DIMENSION STONES SDN BHD (A SUBSIDIARY OF SUNWAY) AND KELANA RESORTS SDN BHD (2) SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY DIMENSION STONES SDN BHD AND VIVA VARIASI SDN BHD

Announcement Type: General Announcement for PLC
Company Name SUNWAY BERHAD
Stock Name SUNWAY
Date Announced 11 May 2015
Category General Announcement for PLC
Reference Number GA1-11052015-00057

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SUNWAY BERHAD (SUNWAY)
(1)	SHARE SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY DIMENSION STONES SDN BHD (A SUBSIDIARY OF SUNWAY) AND KELANA RESORTS SDN BHD 
(2)	SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY DIMENSION STONES SDN BHD AND VIVA VARIASI SDN BHD

1.  INTRODUCTION

The Board of Directors of Sunway wishes to announce that Sunway Dimension Stones Sdn Bhd, (“SDSSB”), a wholly-owned subsidiary of Sunway Holdings Sdn Bhd (“SHSB”) which in turn is a wholly-owned subsidiary of Sunway has on 11 May 2015, entered into the following agreements:

(a)    a Share Sale and Purchase Agreement (“SSPA") with Kelana Resorts Sdn Bhd (“KRSB”) to acquire 293,653 ordinary shares of RM1/- each, representing 100% of the issued and paid-up share capital of Cleaver Fortune Sdn Bhd (“CFSB”) from KRSB at a purchase consideration of RM282,636,030/- (“Proposed Share Acquisition”) free from all encumbrances, charges and/or liens on the basis that CFSB is the beneficial owner of the following 4 plots of leasehold land measuring approximately 731,634 square feet:

(i)    PN 92838 Lot No. 72241 Seksyen 40 (approximately 722,689 square feet) (“Lot 72241”); 
(ii)    H.S.(D) 238244 PT No. 194 (approximately 2,379 square feet) (“PT No. 194”);
(iii)    H.S.(D) 238243 PT No. 193 (approximately 797 square feet); and
(iv)    H.S.(D) 240048 PT No. 215 (approximately 5,769 square feet),

all in Bandar Petaling Jaya, Daerah Petaling, Negeri Selangor (“Land 1”)

(b)    a Sale and Purchase Agreement (“SPA”) with Viva Variasi Sdn Bhd (“Viva”), a wholly-owned subsidiary of KRSB, for the acquisition of a freehold land held under H.S. (D) 63419, PT 252, Mukim Damansara, Daerah Petaling, Negeri Selangor measuring approximately 8,708 square feet (“Land 2”) on an as is where is basis, free from all encumbrances, charges and/or liens for a total purchase consideration of RM3,363,970/- (“Proposed Property Acquisition”).

Lot 72241, PT No. 194 and Land 2 are adjacent to each other. 

2.    INFORMATION ON SDSSB, KRSB, CFSB AND VIVA

2.1    SDSSB

SDSSB is a company incorporated in Malaysia and having its registered office at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan. The authorised and paid-up capital of SDSSB are both RM100,000/-. The principal activity of SDSSB is property investment. 

2.2    KRSB

KRSB is a company incorporated in Malaysia and having its registered office at 130 Jalan Choo Cheng Khay, 50460 Kuala Lumpur. The authorised and paid-up capital of KRSB are both RM5,000,000/-. The principal activity of KRSB is investment holding. 

2.3    CFSB

CFSB is a company incorporated in Malaysia and having its registered office at 130, Jalan Choo Cheng Khay, 50460 Kuala Lumpur. The authorised and paid-up capital of CFSB are RM400,000/- and RM293,653/- respectively. The principal activity of CFSB is property investment. 

2.4    Viva

Viva is a company incorporated in Malaysia and having its registered office at 130, Jalan Choo Cheng Khay, 50460 Kuala Lumpur. The authorised and paid-up capital of Viva are RM100,000/- and RM2/- respectively. The principal activity of Viva is investment holding.

3.      SALIENT TERMS OF THE SSPA AND SPA

3.1    SSPA

Pursuant to the SSPA, SDSSB will acquire 293,653 ordinary shares of RM1 each, representing 100% equity interest in the share capital of CFSB from KRSB at a purchase consideration of RM282,636,030/- free from all encumbrances, charges and/or liens on the basis that CFSB is the beneficial owner of   Land 1.

The Proposed Share Acquisition is expected to be completed within 6 months from the date of the SSPA (“Completion Period”) and shall be automatically extended by a further period of 1 month in the event the balance purchase price of 90% is not paid on or before the expiry of the Completion Period.

Upon the completion of the Proposed Share Acquisition, CFSB will become a wholly-owned subsidiary of SDSSB.

3.2    SPA

SDSSB has entered into the SPA with Viva to acquire Land 2 at a total purchase consideration of RM3,363,970/-.

The SPA shall become unconditional when the State Authority consent for transfer of Land 2 is obtained by Viva which is expected to be within 4 months from the date of the SPA (“Unconditional Date”) while the completion of the SPA shall be within 6 months from the Unconditional Date (“Completion Period”). In the event the balance purchase price of 90% is not paid on or before the expiry of the Completion Period, the Completion Period shall be automatically extended by a further period of 1 month.

4.      BASIS OF ARRIVING AT THE PURCHASE CONSIDERATION FOR THE PROPOSED SHARE ACQUISITION AND PROPOSED PROPERTY ACQUISITION                                                  

The total purchase consideration of RM286,000,000/- is calculated at the rate of up to approximately RM386.31 per square foot based on a total land area of approximately 740,342 square feet.

The purchase consideration was arrived at pursuant to an open tender for the Proposed Share Acquisition and the Proposed Property Acquisition and accepted by KRSB and Viva. Sunway's bid price of RM386.31 per square feet was arrived at after taking into consideration the development potential of Land 1 and Land 2 (together, “Land”) and Sunway's required internal rate of return.

Given Sunway’s knowledge of the market value of the surrounding properties and the potential development value of similar land within the vicinity of the Land, i.e. Kelana Jaya, no valuation was carried out on the Land.

5.      LIABILITIES TO BE ASSUMED

There are no liabilities (including contingent liabilities and guarantees) to be assumed by Sunway arising from the Proposed Share Acquisition and Proposed Property Acquisition.

6.      RATIONALE

The Proposed Share Acquisition and Proposed Property Acquisition, will provide Sunway with additional land totaling approximately 16.99 acres, in line with its objective to replenish its landbank especially with land ready for immediate launch.

Sunway is proposing a mixed development comprising service apartments and retail shops. The proposed development on the Land is estimated to generate a total gross development value of approximately RM1.8 billion when fully developed. This complements its steady growing supply of properties from its existing prime land in strategic locations. The first launch is expected to be in financial year 2016 over a development period of approximately 5 years.

The Land, situated next to Western Digital in the Sungei Way Free Trade Zone, is strategically located within the prime area of Petaling Jaya, Sunway Resort City and Subang Jaya, which are affluent and mature neighborhoods. The renowned Kelab Golf Negara Subang with two 18-hole golf courses is in its close vicinity. In addition, it is adjacent to a 15-acre water retention pond which Sunway plans to improve its landscape by working together with the local authorities to provide additional recreational activities to its residents. The terrain of the Land is flat and part of the Land is currently being leased and used by a third party as an open space car park. The dwelling units will be designed to capture the scenic view of the golf courses and beautified water retention pond. 

The Land enjoys a wide frontage to the Lebuhraya Damansara-Puchong which sits on its northern boundary. It is easily accessible from major highways and local roads, amongst others via an underpass on Lebuhraya Damansara-Puchong, Federal Highway via Jalan Majlis and local road to New Klang Valley Expressway and the Subang Airport. In addition, the Land is located approximately 600 meters from the Setia Jaya KTM and BRT- Sunway Line stations which provides  residents access to public transportation networks to Kuala Lumpur City Center, Subang Jaya, Sunway Resort City, Shah Alam and Klang.

7.      PROSPECTS

Properties in Petaling Jaya are welcomed due to scarcity of land and continuous population growth. Petaling Jaya, being one of the most developed areas in term of population and economy, has long been an area of focus in Sunway’s strategy in relation to its Klang Valley land bank profile.

Hence, with innovative and customer centric products, coupled with the strategic location of the Land, Sunway is confident that the project will receive positive response when it is launched.

8.      FEASIBILITY STUDY

A feasibility study was conducted by Sunway and its external consultants prior to the open tender.

The preliminary feasibility indicates that the proposed development of the Land is expected to generate an estimated gross development value of RM1.8 billion. Market studies on the surrounding property development were also undertaken to assess its viability.

Based on the results of the studies, the management of Sunway is of the view that the project financials meet the internal investment hurdle rate for Sunway to proceed with the Proposed Share Acquisition and Proposed Property Acquisition.

9.      RISK FACTORS

The Proposed Share Acquisition and Proposed Property Acquisition and the subsequent proposed development on the Land to be undertaken by SDSSB are subject to the risks inherent in the property development and construction industries, which include but are not limited to competition risks, unstable global and domestic economic conditions, currency fluctuations, unfavorable interest rate movements, inflation hike, shortages of raw materials and labour, increase in cost of capital, political instability, changes in government initiatives, changes in statutory regulations and legal disputes.

Sunway, with many years of experience in the business of property development and construction, will take the necessary steps to mitigate the various risks identified. However, no assurance can be given that significant changes in any of these factors will not materially affect Sunway’s operation and financial performance.

In addition, the Land is sold on “as is where is” basis. The Land is adjacent to a parcel of land owned by the State Government of Selangor which has a water retention pond. Soil investigation will be conducted to determine the soil profile of the Land before detailed development planning is carried out. Sunway will engage with the local authorities to jointly improve the landscape surrounding the retention pond to serve as an additional recreational area to the residents.

10     SOURCE OF FUNDS

The Proposed Share Acquisition and Proposed Property Acquisition will be funded through bank borrowings and/or internally generated funds.

11.    EFFECTS OF THE PROPOSED SHARE ACQUISITION AND PROPOSED PROPERTY ACQUISITION   

11.1  On Share Capital and Substantial Shareholders’ Shareholding

The Proposed Share Acquisition and Proposed Property Acquisition will not have any effect on the share capital and substantial shareholders' shareholding of Sunway as they do not involve any allotment or issuance of new shares by Sunway.

11.2  On Earnings Per Share, Net Assets Per Share and Gearing

The Proposed Share Acquisition and Proposed Property Acquisition are not expected to have any immediate material effect on the earnings per share, net assets per share and gearing of Sunway for the financial year ending 31 December 2015. However, the Proposed Share Acquisition and Proposed Property Acquisition are expected to contribute positively to the future earnings of Sunway Group.

12.    APPROVAL REQUIRED

The Proposed Share Acquisition and Proposed Property Acquisition do not require approval from the shareholders of Sunway. The Proposed Property Acquisition is subject to the State Authority consent to transfer the Land 2 from Viva to SDSSB.  

13.    DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

Insofar as the Directors are aware, none of the directors or major shareholders of Sunway or persons connected with them has any interest, whether direct or indirect, in the Proposed Share Acquisition and Proposed Property Acquisition.

14.    STATEMENT BY THE BOARD OF DIRECTORS

The Board of Directors of Sunway is of the opinion that the Proposed Share Acquisition and Proposed Property Acquisition are in the best interests of Sunway.

15.    ESTIMATED TIMEFRAME FOR COMPLETION OF THE PROPOSED SHARE ACQUISITION AND PROPOSED PROPERTY ACQUISITION    

Barring any unforeseen circumstances and subject to the approval of the relevant authorities and fulfillment of all conditions precedent, the Proposed Share Acquisition and Proposed Property Acquisition are expected to be completed by the second half of 2015.

16.    DOCUMENTS AVAILABLE FOR INSPECTION

The SSPA and SPA are available for inspection at the registered office of Sunway at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan during normal business hours (9.00 a.m. to 6.00 p.m.) from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.

This announcement is dated 11 May 2015.






SKPETRO - OTHERS SAPURAKENCANA PETROLEUM BERHAD - AWARD OF CONTRACTS

Announcement Type: General Announcement for PLC
Company Name SAPURAKENCANA PETROLEUM BERHAD
Stock Name SKPETRO
Date Announced 11 May 2015
Category General Announcement for PLC
Reference Number GA1-06052015-00071

Type Announcement
Subject OTHERS
Description
SAPURAKENCANA PETROLEUM BERHAD
- AWARD OF CONTRACTS

INTRODUCTION

The Board of Directors of SapuraKencana Petroleum Berhad (“SapuraKencana” or “Company”) (“Board”) is pleased to announce that its wholly-owned subsidiary companies within the Engineering and Construction – International Division have been awarded contracts with a combined value of up to USD269 million (approximately RM969 million, based on USD/MYR exchange rate of 3.60) in the following countries:
 

MEXICO

SapuraKencana Mexicana S.A.P.I. de C.V. has been awarded with the installation of structures and superstructures of fixed marine platforms, pipelaying and lifting of major power generation equipment, utilising the DP3 heavy-lift and pipelay vessel SapuraKencana 3500, in the Marine Regions, Bay of Campeche, Gulf of Mexico by Pemex Exploración y Producción.

This award marks the initiation of SapuraKencana’s local operations in Mexico.
 
The value of the award is between USD41.2 million and USD98.1 million.  

INDONESIA

SapuraKencana TL Offshore Sdn Bhd (formerly known as TL Offshore Sdn Bhd)(“SKTLO”) in consortium with PT Encona Inti Industri of Indonesia,  (TL Offshore – Encona Consortium) (“Consortium”) has been awarded with the contract for the Work of Offshore and Onshore Pipeline Installation In Respect of the Construction of Kalija 1 Natural Gas Transmission Pipeline of Kepodang – Tambak Lorok Segment (Pekerjaan Pemasangan Pipa Offshore Dan Onshore Sehubungan Dengan Pembangunan Jaringan Pipa Transmisi Gas Bumi Kalija 1 Ruas Kepodang – Tambak Lorok) by PT PGAS Solution.

The award comprises scope of work for the transportation and installation of 14” x 200km of gas pipeline from Kepodang field offshore to Onshore Receiving Facility. The work will be performed in the Muriah PSC, Central Java, Indonesia.

The total value of the award to the Consortium is a lump sum fee of USD97.5 million.

VIETNAM and INDIA

1. SKTLO has been awarded a contract for the provision of services for the Installation of Nearshore and Offshore Pipeline for Thai Binh - Ham Rong Gas Distribution & Gathering System Project, Phase 1 located in Block 102-106, Offshore Thai Binh Province, North of Vietnam by PTSC Offshore Services Joint Stock Company. 

2. SKTLO has been awarded a contract for the provision of services for the Installation of the H5-WHP Topside and Pipelines for Te Giac Trang Field Development Project located in Block 16-1, offshore Vietnam S.R. by PTSC Offshore Services Joint Stock Company.

3. SKTLO has been awarded a contract for the provision of services for the installation of Offshore Facilities for Thai Binh Development Project Blocks 102 & 106, Offshore Vietnam by PTSC Offshore Services Joint Stock Company.

4. SKTLO has been awarded a contract for the provision of transport and installation services for the PB Gas Lift Riser Replacement project at Panna Offshore Field, located    approximately 95 kilometres offshore north-west of Mumbai, India by BG Exploration and Production India Limited.

The total value of the awards in Vietnam and India is USD73.5 million.

RISK FACTORS

Risk factors affecting the Work are mainly operational in nature and includes changes in economic and regulatory conditions. Throughout the years SapuraKencana Group has the experience and track record to undertake such Work. Notwithstanding this, SapuraKencana shall ensure strict compliance to the safety and operational procedures in the execution of the Work required. 

FINANCIAL EFFECTS

The Award will have no effect in the issued paid-up capital of the Company and is expected to contribute positively towards the earnings and net assets per share of SapuraKencana Group for the financial year ending 31 January 2016. 

DIRECTORS AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of the Company has any direct or indirect interest in the Award.

DIRECTORS' STATEMENT

The Board of Directors of the Company is of the opinion that the acceptance of the Award is in the best interest of the Company.

This announcement is dated 11 May 2015.






FGV - 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 FELDA GLOBAL VENTURES HOLDINGS BERHAD
Stock Name FGV
Date Announced 11 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-11052015-00002

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 each
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 28 Apr 2015
1,331,300
Disposed 29 Apr 2015
1,235,600
Disposed 30 Apr 2015
618,800

Circumstances by reason of which change has occurred 1) Disposal of 1,331,300 shares in open market by KWAP on 28 April 2015. 2) Disposal of 1,235,600 shares in open market by KWAP on 29 April 2015. 3) Disposal of 618,800 shares in open market by KWAP on 30 April 2015.
Nature of interest Direct
Direct (units) 198,554,500
Direct (%) 5.45
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 198,554,500
Date of notice 08 May 2015


Remarks :
Received notice on 11 May 2015


MPHBCAP - General Meetings: Notice of Meeting

Announcement Type: General Meeting
Company Name MPHB CAPITAL BERHAD
Stock Name MPHBCAP
Date Announced 11 May 2015
Category General Meeting
Reference Number GMA-11052015-00002

Type of Meeting Annual General Meeting
Indicator Notice of Meeting
Description
Notice of Third Annual General Meeting
Date of Meeting 03 Jun 2015
Time 09:30 AM
Venue
25th Floor, Menara Multi-Purpose
Capital Square
No. 8, Jalan Munshi Abdullah
50100 Kuala Lumpur
Date of General Meeting Record of Depositors 26 May 2015


Please refer attachment below.




BIMB - Change in Principal Officer - MOHAMAD AZLAN BIN MOHAMAD ALAM

Announcement Type: Change in Principal Officer
Company Name BIMB HOLDINGS BERHAD
Stock Name BIMB
Date Announced 11 May 2015
Category Change in Principal Officer
Reference Number C04-11052015-00002

Date of change 11 May 2015
Name Mr MOHAMAD AZLAN BIN MOHAMAD ALAM
Age 47
Nationality Malaysia
Type of change Others
Designation Chief Financial Officer
Description Re-designation


Remarks :
MR. MOHAMAD AZLAN MOHAMAD ALAM HAS BEEN RE-DESIGNATED FROM CHIEF FINANCIAL OFFICER TO CHIEF OPERATING OFFICER OF BIMB HOLDINGS BERHAD WITH EFFECT FROM 11 MAY 2015.


BIMB - OTHERS BIMB HOLDINGS BERHAD APPOINTS NEW GROUP CHIEF FINANCIAL OFFICER

Announcement Type: General Announcement for PLC
Company Name BIMB HOLDINGS BERHAD
Stock Name BIMB
Date Announced 11 May 2015
Category General Announcement for PLC
Reference Number GA1-11052015-00047

Type Announcement
Subject OTHERS
Description
BIMB HOLDINGS BERHAD APPOINTS NEW GROUP CHIEF FINANCIAL OFFICER



Please refer attachment below.

Attachments

NEWS RELEASE-Appt of CFO BHB.pdf
247.7 kB



No comments:

Post a Comment