May 7, 2015

Company announcements: PUNCAK, TOPGLOV, EKIB, DESTINI, SCNWOLF, INTEGRA, WCT, IDEALUBB, TECNIC

PUNCAK - 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 PUNCAK NIAGA HOLDINGS BERHAD
Stock Name PUNCAK
Date Announced 07 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-07052015-00069

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 RM1.00 each
Name & address of registered holder Please refer to "Remarks"

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Disposed 30 Apr 2015
152,600

Circumstances by reason of which change has occurred Disposal of shares managed by Portfolio Manager, Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI)
Nature of interest Shares held in own name and by Portfolio Manager
Direct (units) 1,494,000
Direct (%) 0.36
Indirect/deemed interest (units) 19,624,883
Indirect/deemed interest (%) 4.72
Total no of securities after change 21,118,883
Date of notice 05 May 2015


Remarks :
Registered holders of the total shares held after change are as follows:-

1. Shares held in own name : 1,494,000

2. Shares managed by Portfolio Managers as follows:-
    Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board : 11,772,183
    Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) : 7,852,700 


(Form 29B received on 7 May 2015)


TOPGLOV - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Acquisition of A Commercial Land Held under Title No. HS(D) 293019, Lot No. PT 32307, Mukim of Bukit Raja, District of Petaling, State of Selangor

Announcement Type: General Announcement for PLC
Company Name TOP GLOVE CORPORATION BHD
Stock Name TOPGLOV
Date Announced 07 May 2015
Category General Announcement for PLC
Reference Number GA1-06052015-00060

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
Acquisition of A Commercial Land Held under Title No. HS(D) 293019, Lot No. PT 32307, Mukim of Bukit Raja, District of Petaling, State of Selangor

Further to the announcement dated 20th day of April 2015 pertaining to the Proposed Acquisition of a Commercial Land Held under Title No. HS(D) 293019, Lot No. PT 32307, Mukim of Bukit Raja, District of Petaling, State of Selangor.

 

The Board of Directors of Top Glove wishes to announce that its wholly-owned subsidiary namely, Top Glove Properties Sdn Bhd had on 7 May 2015 signed a Sales and Purchase Agreement (“the SPA”) with Century Total Logistics Sdn Bhd (“the Vendor”), a wholly-owned subsidiary of Century Logistics Holdings Berhad to acquire a commercial land held under Title No. HS(D) 293019, Lot No. PT 32307, Mukim of Bukit Raja, District of Petaling, State of Selangor, a land measuring 6,070.3 square metres (1.5 acres) (“the Land”), free from all encumbrances and with vacant possession (“the Acquisition”).

 

The Acquisition consideration of the Land remained at Ringgit Malaysia Twenty Million Two Hundred Fifty Five Thousand Four Hundred and Fifty only (RM20,255,450.00) (excluding 6% GST) and consideration will be funded by internally generated fund.

 

The acquisition is expected to complete within three (3) months from the date of the SPA.

 

The announcement is made voluntarily by the Board as the percentage ratio for the Acquisition is less than 5% and the consideration is satisfied through cash.

 

None of the Directors, Major Shareholders or person connected with them have interest, direct or indirect, in the Acquisition.  

 

This announcement is dated 7th day of May 2015.






EKIB - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS Emas Kiara Industries Berhad - Joint Venture in relation to the Proposed Tender Participation for Geosynthetic Engineering Works in Assam, India

Announcement Type: General Announcement for PLC
Company Name EMAS KIARA INDUSTRIES BERHAD
Stock Name EKIB
Date Announced 07 May 2015
Category General Announcement for PLC
Reference Number GA1-07052015-00082

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
Emas Kiara Industries Berhad - Joint Venture in relation to the Proposed Tender Participation for Geosynthetic Engineering Works in Assam, India

Reference is made to the announcement made by Emas Kiara Industries Berhad (“EKIB” or “the Company”) on 30 May 2014 and subsequent announcements on the subject matter. Unless otherwise defined herein, all terms and abbreviations used in this announcement shall be the same as those defined in the previous announcements.

 

As announced on 22 December 2014, the JV had received the Letter of Acceptance (“LOA”) dated 17 December 2014 from the Office of the Chief Engineer, Water Resources Department, Government of Assam, notifying the JV’s bid for the project known as “Flood management of river Ranganadi along river training with work on both bank embankments in Lakhimpur District (Assam), vide Package No: ASWR/Rng/2014/11 (“Package No 11”) for the contract price of Rs: 85,59,45,280.00 (equivalent to RM47,162,584.93) only”, had been accepted by the Water Resources Department, Government of Assam. The JV had duly complied with the terms in the LOA to furnish a performance security for an amount of Rs: 4,27,97,264 (equivalent to RM2,358,129.25) only within 21 days and signed the contract on 30 January 2015.

 

One of the unsuccessful bidders for Package No 11, Bhartia-Shivam JV filed a suit in The Gauhati High Court at Guwahati disputing the tender process leading to the award of contract to the JV and named the parties below in their suit:-

 

1          The State of Assam through the Principal Secretary to the Government of Assam;

2.         The Water Resource Department, Government of Assam;

3.         The Chief Engineer, Water Resource Department, Government of Assam;

4.         The Executive Engineer, North Lakhimpur, Water Resource Division; and

5.         EKM-Raswill-PDA JV (as the successful bidder of Package No 11).

 

The JV received a notice through their advocates that The Gauhati High Court at Guwahati directed parties no. 1 to 4 to reconsider the unsuccessful bidder, Bhartia-Shivam JV’s technical bid and thereafter consider their financial bid along with other eligible tenderers. There were no claims or relief sought from the JV and no costs were awarded to any party.

 

In the interim, the JV shall adhere to the decision to suspend works and shall seek directions from the Water Resource Department’s including seeking legal advice on the matter as the JV has commenced preliminary works including claims for material on site which has been certified and paid by the Water Resource Department.

 

The Group does not expect any potential liability arising from the litigation other than legal costs. Additionally, there should be no major operational or financial impact to the Group as the preliminary and mobilization expenses are undertaken by its other joint venture partners.

 

This announcement is dated 7 May 2015.






DESTINI - MATERIAL LITIGATION DESTINI BERHAD ("DESTINI" or "THE COMPANY") - Magistrate Court Kuantan Suite No. : A72NCC 795-04/2015 Callserv Sdn Bhd vs Samudra Oil Services Sdn Bhd

Announcement Type: General Announcement for PLC
Company Name DESTINI BERHAD
Stock Name DESTINI
Date Announced 07 May 2015
Category General Announcement for PLC
Reference Number GA1-07052015-00069

Type Announcement
Subject MATERIAL LITIGATION
Description
DESTINI BERHAD ("DESTINI" or "THE COMPANY") 
- Magistrate Court Kuantan 
Suite No. : A72NCC 795-04/2015
Callserv Sdn Bhd vs Samudra Oil Services Sdn Bhd

(1) Date of presentation of the Writ and Statement of Claim

The Board of Directors of Destini Berhad (“Destini” or “the Company”) wishes to announce on 7 May 2015, Samudra Oil Services Sdn Bhd (“Samudra Oil”), a wholly-owned subsidiary of the Company, has received the Writ and Statement of Claim dated 23 April 2015 and 22 April 2015 respectively from Messrs Ravi Moorthi, Noriza, Mala & Partners, the solicitors for Callserv Sdn Bhd (“Plaintiff”) by way of registered mail. The Company is required within 14 days from the date of receipt of the Writ to enter appearance, failing which, the Plaintiff will proceed to obtain judgment against the Company without further reference to the Company.

(2) The particulars of the claim under the Writ and Statement of Claim, including the amount claimed for and the interest rate

Pursuant to the Writ and Statement of Claim, the Plaintiff demanded the following from Samudra Oil :

i) Total sum of RM29,940.00;

ii) Interest of 5% per annum on the total sum of RM29,940.00 calculated from the date of the Writ until the date of full settlement;

iii) Cost; and

iv) Any other order or relief granted by the Court.

(3) Details of the default or circumstances leading to the filing of the Writ and Statement of Claim against Samudra Oil

The circumstances leading to the filing of the Writ and Statement of Claim against Samudra oil was due to the fact that Samudra oil has failed and/or default to settle the outstanding sum for the goods sell and services rendered to Samudra Oil.

(4) A confirmation as to whether Samudra Oil is a major subsidiary

Samudra Oil is not a major subsidiary of Destini.  

(5) The cost of investment in Samudra Oil

The total cost of investment in Samudra Oil is RM80,000,000.00

(6) The financial and operational impact of the Writ and Statement of Claim on the Group

The Group has adequate resources to meet the commitment of the claim and therefore, the Writ and Statement of Claim is not expected to have any material financial and operational impact on the Group.

(7) The expected losses, if any, arising from the Writ and Statement of Claim

The Company is not expected to incur any further loss arising from the Writ and Statement of Claim.

(8) Steps taken and proposed to be taken in respect of the Writ and Statement of Claim

The Company is seeking the necessary legal advice to resolve and/or defend against this matter.

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 7 May 2015.

 

 






SCNWOLF - OTHERS SCANWOLF CORPORATION BERHAD (SCANWOLF OR THE COMPANY) KLHC Suit No. 22NCC-120-04/2015 Yeoh Kean Beng - Plaintiff Abdul Hamid Bin Abdul Shukor- Cedric Wong King Ti- Yii Long Ging- Scanwolf Corporation Berhad- Defendants

Announcement Type: General Announcement for PLC
Company Name SCANWOLF CORPORATION BERHAD
Stock Name SCNWOLF
Date Announced 07 May 2015
Category General Announcement for PLC
Reference Number GA1-07052015-00057

Type Announcement
Subject OTHERS
Description
SCANWOLF CORPORATION BERHAD (SCANWOLF OR THE COMPANY)

KLHC Suit No. 22NCC-120-04/2015
Yeoh Kean Beng - Plaintiff
Abdul Hamid Bin Abdul Shukor- 
Cedric Wong King Ti-                      
Yii Long Ging-
Scanwolf Corporation Berhad- Defendants

The Board of Directors of SCANWOLF wishes to announce that the Company had on 6 May 2015 and 7 May 2015 respectively been served with the following :-

(1) A Writ of Summons and Statement of Claim to restrain from holding an Extraordinary General Meeting on 13 May 2015 convened by the 3 shareholders of the Company, Abdul Hamid Bin Abdul Shukor, Cedric Wong King Ti and Yii Long Ging; and

(2) A sealed Notice of Application on the application for injunction relief.

The Notice of Application has been fixed for hearing on 11 May 2015 at 9.00 a.m.

The Company will seek advise from its solicitors and will take the appropriate action.

This announcement is dated 7 May 2015. 






INTEGRA - DELISTING OF SECURITIES

Announcement Type: General Announcement for PLC
Company Name INTEGRAX BERHAD
Stock Name INTEGRA
Date Announced 07 May 2015
Category General Announcement for PLC
Reference Number GA1-07052015-00073

Type Announcement
Subject DELISTING OF SECURITIES
Description
APPLICATION FOR WITHDRAWAL OF THE ENTIRE ISSUED AND PAID UP SHARE CAPITAL FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD PURSUANT TO PARAGRAPH 16.07 OF THE LISTING REQUIREMENTS (WITHDRAWAL APPLICATION)

The Company wishes to announce that Bursa Malaysia Securities Berhad has, vide its letter dated 7 May 2015, informed that pursuant to Paragraph 16.07(a) of the Main Market Listing Requirements, the entire issued and paid-up share capital of Integrax Berhad will be removed from the Official List of Bursa Securities with effect from 9.00 a.m., Tuesday, 12 May 2015.

This announcement is dated 7 May 2015.






WCT - 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 WCT HOLDINGS BERHAD
Stock Name WCT
Date Announced 07 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-07052015-00042

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 Shares of RM0.50 each
Name & address of registered holder Kumpulan Wang Persaraan (DiPerbadankan) (69,542,275 Shares) Fund Managers (9,191,745 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Disposed 27 Apr 2015
500,000

Circumstances by reason of which change has occurred Disposal of Shares
Nature of interest Direct
Direct (units) 78,734,020
Direct (%) 7.32
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 78,734,020
Date of notice 07 May 2015


Remarks :
Form 29B dated 7 May 2015 was received on 7 May 2015.


IDEALUBB - Quarterly rpt on consolidated results for the financial period ended 31/03/2015

Announcement Type: Financial Results
Company Name IDEAL UNITED BINTANG BERHAD
Stock Name IDEALUBB
Date Announced 07 May 2015
Category Financial Results
Reference Number FRA-05052015-00011

Financial Year End 31 Dec 2015
Quarter 1 Qtr
Quarterly report for the financial period ended 31 Mar 2015
The figures have not been audited

Attachments

IUBB-QA-1Q-0315.pdf
30.6 kB

IUBB_Explanatory Notes.pdf
332.0 kB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2015

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2015
31 Mar 2014
31 Mar 2015
31 Mar 2014
$$'000
$$'000
$$'000
$$'000
1 Revenue
9,076
1,899
9,076
1,899
2 Profit/(loss) before tax
-1,333
-722
-1,333
-722
3 Profit/(loss) for the period
-1,370
-722
-1,370
-722
4 Profit/(loss) attributable to ordinary equity holders of the parent
-1,370
-722
-1,370
-722
5 Basic earnings/(loss) per share (Subunit)
-1.95
-1.34
-1.95
-1.34
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.4223
0.4418

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence




TECNIC - Changes in Director's Interest (S135) - GAN KIM HUAT

Announcement Type: Changes in Director's Interest Pursuant to Section 135
Company Name TECNIC GROUP BERHAD
Stock Name TECNIC
Date Announced 07 May 2015
Category Changes in Director's Interest Pursuant to Section 135
Reference Number CS4-07052015-00019

Information Compiled By KLSE

Particulars of Director

Name GAN KIM HUAT
Address S-5-3A, SURIA STONOR
NO. 2, LORONG STONOR
KUALA LUMPUR
50450 Wilayah Persekutuan
Malaysia.
Descriptions(Class & nominal value) ORDINARY SHARES OF RM1.00 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
07/05/2015
500,000
0.785

Circumstances by reason of which change has occurred
DISPOSAL OF SHARES
Nature of interest
DIRECT
Consideration (if any)
RM390,833.69

Total no of securities after change

Direct (units) 11,372,029
Direct (%) 28.150
Indirect/deemed interest (units) 15,637,357
Indirect/deemed interest (%) 38.710
Date of notice 07/05/2015


Remarks :
NOTICE RECEIVED ON 7/5/2015. *Indirect Interest (15,637,357) - 7,602,357 (held by Zenith Highlight Sdn Bhd) ("ZHSB") and 8,035,000 (held by Gracefull Assessment Sdn Bhd) ("GASB") (Deemed interest by virtue of Dato' Gan's substantial shareholding in ZHSB and GASB)


TECNIC - Changes in Sub. S-hldr's Int. (29B) - GAN KIM HUAT

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name TECNIC GROUP BERHAD
Stock Name TECNIC
Date Announced 07 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-07052015-00100

Particulars of substantial Securities Holder

Name GAN KIM HUAT
Address S-5-3A, SURIA STONOR
NO. 2, LORONG STONOR
KUALA LUMPUR
50450 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. 471215015439
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holder SAME AS ABOVE

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Disposed 07 May 2015
500,000
0.785

Circumstances by reason of which change has occurred DISPOSAL OF SHARES
Nature of interest DIRECT
Direct (units) 11,372,029
Direct (%) 28.15
Indirect/deemed interest (units) 15,637,357
Indirect/deemed interest (%) 38.71
Total no of securities after change 27,009,386
Date of notice 07 May 2015


Remarks :
NOTICE RECEIVED ON 7/5/2015.
*Indirect Interest (15,637,357) - 7,602,357 (held by Zenith Highlight Sdn Bhd) ("ZHSB") and 8,035,000 (held by Gracefull Assessment Sdn Bhd) ("GASB") 
(Deemed interest by virtue of Dato' Gan's substantial shareholding in ZHSB and GASB)


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