June 17, 2015

Company announcements: IFCAMSC, CONNECT, UMCCA, BJCORP, UNISEM, PLENITU, JCY, BJFOOD, FGV

IFCAMSC - Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

Announcement Type: General Announcement for PLC
Company Name IFCA MSC BERHAD
Stock Name IFCAMSC
Date Announced 17 Jun 2015
Category General Announcement for PLC
Reference Number GA1-17062015-00032

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-16062015-00002
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description 
IFCA MSC BERHAD ("IFCA" or "THE COMPANY")
Query Letter Contents

We draw your attention to the sharp fall in price and high volume of your Company's shares recently ("trading activity").

In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with Rule 9.11 of ACE Market Listing Requirements ("LR"):-

1. whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision;

2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Rules 9.09 and 9.10 of the LR; 

3. whether you are aware of any other possible explanation to account for the trading activity; and

4. whether you are in compliance with the LR, in particular Rule 9.03 of the LR on immediate disclosure obligations.





...2/-







Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.

 

Yours faithfully




TAN YEW ENG
Vice President, Issuers 
Listing Division
Regulation


TYE/YLS
 

Reference is made to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 16 June 2015 querying the Company on the sharp fall in price and high volume of the Company’s shares recently (“trading activity”).

The Board of Directors (“Board”) of IFCA wishes to inform that to the best of their knowledge and after making due enquiry with the directors and major shareholders of the Company, IFCA is:

  1. Not aware of any corporate development relating to the Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.

  2. Not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity.

  3. Aware of the concern to some of our investors on the resignation of IFCA’s former Chief Financial Officer, Mr. Phillip Voo recently. The announcement of Mr. Voo’s resignation had been made to Bursa Securities on 22 May 2015 with the reason of Mr. Voo’s desire to pursue other career opportunities outside the Company. Secondly, IFCA is made aware from public research report on the significant amount of foreign funds withdrawn from the local market and this has inevitably, affected IFCA’s foreign shareholding structure as shown in the latest shareholding report.

  4. In compliance with the ACE Market Listing Requirements (“LR”), in particular Rule 9.03 of the LR on immediate disclosure obligations.


CONNECT - Additional Listing Announcement

Announcement Type: Additional Listing Announcement
Company Name CONNECTCOUNTY HOLDINGS BERHAD
Stock Name CONNECT
Date Announced 17 Jun 2015
Category Additional Listing Announcement
Reference Number ALA-17062015-00001

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Exercise of Warrants
Details of corporate proposal Conversion of Warrants
No. of shares issued under this corporate proposal 3,040,000
Issue price per share ($$) Malaysian Ringgit (MYR)   0.1000
Par Value ($$) Malaysian Ringgit (MYR)   0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units 212,210,200
Currency Malaysian Ringgit (MYR) 21,221,020.000
Listing Date 18 Jun 2015


UMCCA - Additional Listing Announcement

Announcement Type: Additional Listing Announcement
Company Name UNITED MALACCA BERHAD
Stock Name UMCCA
Date Announced 17 Jun 2015
Category Additional Listing Announcement
Reference Number ALA-17062015-00011

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal Employee Share Scheme
No. of shares issued under this corporate proposal 132,000
Issue price per share ($$) Malaysian Ringgit (MYR)   5.4200
Par Value ($$) Malaysian Ringgit (MYR)   1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units 208,101,501
Currency Malaysian Ringgit (MYR) 208,101,501.000
Listing Date 18 Jun 2015

2. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal Employee Share Scheme
No. of shares issued under this corporate proposal 2,000
Issue price per share ($$) Malaysian Ringgit (MYR)   5.8200
Par Value ($$) Malaysian Ringgit (MYR)   1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units 208,103,501
Currency Malaysian Ringgit (MYR) 208,103,501.000
Listing Date 18 Jun 2015


BJCORP - Additional Listing Announcement

Announcement Type: Additional Listing Announcement
Company Name BERJAYA CORPORATION BERHAD
Stock Name BJCORP
Date Announced 17 Jun 2015
Category Additional Listing Announcement
Reference Number ALA-17062015-00012

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 0% Irredeemable Convertible Unsecured Loan Stocks 2005/2015
No. of shares issued under this corporate proposal 108,645
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 4,331,182,084
Currency Malaysian Ringgit (MYR) 4,331,182,084.000
Listing Date 18 Jun 2015


UNISEM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement for PLC
Company Name UNISEM (M) BERHAD
Stock Name UNISEM
Date Announced 17 Jun 2015
Category General Announcement for PLC
Reference Number GA1-17062015-00006

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description 
The Company received notification dated 17 June 2015 from Ms. Chin Hock Yee, pursuant to Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, of her dealing in the securities of Unisem (M) Berhad as detailed below:

 

Direct / Indirect Interest  

Date of transaction                    

Price/Consideration (RM)                                  

 No. of shares disposed of      % of change against issued capital     

 

  Direct

 

 15 June 2015

 

               2.336

 

    100,000

 

         0.01%

 



UNISEM - Additional Listing Announcement

Announcement Type: Additional Listing Announcement
Company Name UNISEM (M) BERHAD
Stock Name UNISEM
Date Announced 17 Jun 2015
Category Additional Listing Announcement
Reference Number ALA-17062015-00013

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Exercise of Warrants
Details of corporate proposal Exercise of Warrants
No. of shares issued under this corporate proposal 3,700,700
Issue price per share ($$) Malaysian Ringgit (MYR)   2.1800
Par Value ($$) Malaysian Ringgit (MYR)   0.500
Latest issued and paid up share capital after the above corporate proposal in the following
Units 691,196,073
Currency Malaysian Ringgit (MYR) 345,598,036.500
Listing Date 18 Jun 2015


PLENITU - Additional Listing Announcement

Announcement Type: Additional Listing Announcement
Company Name PLENITUDE BERHAD
Stock Name PLENITU
Date Announced 17 Jun 2015
Category Additional Listing Announcement
Reference Number ALA-15062015-00014

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Unconditional Take-Over Offer
No. of shares issued under this corporate proposal 407,600
Issue price per share ($$) Malaysian Ringgit (MYR)   2.5000
Par Value ($$) Malaysian Ringgit (MYR)   1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units 373,942,589
Currency Malaysian Ringgit (MYR) 373,942,589.000
Listing Date 18 Jun 2015


JCY - Additional Listing Announcement

Announcement Type: Additional Listing Announcement
Company Name JCY INTERNATIONAL BERHAD
Stock Name JCY
Date Announced 17 Jun 2015
Category Additional Listing Announcement
Reference Number ALA-16062015-00017

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal Executives' Share Option Scheme
No. of shares issued under this corporate proposal 80,000
Issue price per share ($$) Malaysian Ringgit (MYR)   0.6100
Par Value ($$) Malaysian Ringgit (MYR)   0.250
Latest issued and paid up share capital after the above corporate proposal in the following
Units 2,060,411,000
Currency Malaysian Ringgit (MYR) 515,102,750.000
Listing Date 18 Jun 2015


BJFOOD - Additional Listing Announcement

Announcement Type: Additional Listing Announcement
Company Name BERJAYA FOOD BERHAD
Stock Name BJFOOD
Date Announced 17 Jun 2015
Category Additional Listing Announcement
Reference Number ALA-17062015-00003

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal Employees' Shares Option Scheme
No. of shares issued under this corporate proposal 5,180
Issue price per share ($$) Malaysian Ringgit (MYR)   0.5000
Par Value ($$) Malaysian Ringgit (MYR)   0.500
Latest issued and paid up share capital after the above corporate proposal in the following
Units 374,912,920
Currency Malaysian Ringgit (MYR) 187,456,460.000
Listing Date 18 Jun 2015


FGV - EXECUTION OF HEADS OF AGREEMENT BETWEEN FELDA GLOBAL VENTURES KALIMANTAN SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FELDA GLOBAL VENTURES HOLDINGS BERHAD, PT RAJAWALI CAPITAL INTERNATIONAL AND PT RAJAWALI CORPORA

Announcement Type: General Announcement for PLC
Company Name FELDA GLOBAL VENTURES HOLDINGS BERHAD
Stock Name FGV
Date Announced 17 Jun 2015
Category General Announcement for PLC
Reference Number GA1-17062015-00007

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-15062015-00001
Subject EXECUTION OF HEADS OF AGREEMENT BETWEEN FELDA GLOBAL VENTURES KALIMANTAN SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FELDA GLOBAL VENTURES HOLDINGS BERHAD, PT RAJAWALI CAPITAL INTERNATIONAL AND PT RAJAWALI CORPORA
Description 
EXECUTION OF HEADS OF AGREEMENT BETWEEN FELDA GLOBAL VENTURES KALIMANTAN SDN BHD ("FGV KALIMANTAN"), A WHOLLY-OWNED SUBSIDIARY OF FGV, PT RAJAWALI CAPITAL INTERNATIONAL ("RAJAWALI CAPITAL") AND PT RAJAWALI CORPORA ("RAJAWALI CORPORA")
Query Letter Contents

We refer to your Company’s announcement dated 12 June 2015, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:-

1) basis of arriving at the purchase consideration and the justification thereof. The basis and justification for the exchange ratio of 0.0432494481.

2) the basis and justification of the quantum of Deposit (US$174.5 million) and whether the Deposit is refundable or forfeitable in the event the Proposed Acquisitions do not materialise.

3) breakdown of the source of funding.

4) risks in relation to the transaction and the risk factors of the interests/companies being acquired.

5) details of the vendors in particular, the name of its directors and substantial shareholders together with their respective shareholdings. 

6) details and particulars of the interests/companies being acquired and the real estate/plantation land held by the companies. The financial information of the companies. In respect of the real estate that is a plantaion or an estate, kindly provide information as stated in Item 2, Part C of Appendix 10A. 

7) further details on the effects of the transaction on FGV's earnings, net assets and gearing. 

8) timeframe/timeline for execution of the CSPAs and the implementation of the same.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
KHOO KAY KWAN
Senior Vice President, Issuers
Listing Division, Regulation
KKK/PT/ne

Cc : Market Surveillance Dept. , Securities Commission (via fax)

(Capitalised terms used in this reply shall have the same meanings as those used in the announcement dated 12 June 2015, unless otherwise stated.)

 

Further to the reply on 16 June 2015 to the Bursa Malaysia Securities Berhad’s queries dated 15 June 2015, Kenanga Investment Bank Berhad, on behalf of the Board of Directors of FGV, wishes to provide the following additional information in relation to:

 

Query 1

 

The Company having considered the palm oil plantation transactions since 2013, the current young crop profile (average mature age of eight (8) years) of Eagle High which will complement FGV’s older crop profile averaging 15.5 years and the earnings generative potential of Eagle High, is of the view that the purchase consideration is justified.

 

Query 2

 

The quantum of the deposit was a commercial requirement from the Vendors to demonstrate a high level of commitment from FGV. In considering this requirement, the Board of FGV have taken into consideration of the following:

 

  • the acquisition is for an equity stake amounting to the single largest equity holding in Eagle High;
  • the Vendors will enter into exclusive negotiations with FGV for a period until the later of: (a) 31 July 2015; and (b) the date on which Bursa Securities approves the shareholder circular in relation to the transaction contemplated in the HOA; and
  • the Deposit, together with all accrued interests, is fully refundable should the transaction not proceed for whatsoever reason.

 

Query 7

 

In the event that the CSPAs are executed, the proforma financial effects of the Proposed Acquisitions (excluding other corporate exercises announced by FGV in 2015) are as follow:

 

(a)      Issued and paid-up share capital

 

The proforma effects of the Proposed Acquisitions on the issued and paid-up share capital of FGV are as set out below:

 

 

No. of FGV shares (‘000)

 

RM’000

 

%

As at 31 December 2014

3,648,152

3,648,152

97.45

FGV ordinary shares to be issued pursuant to the Proposed Acquisitions

95,442

95,442

2.55

Enlarged share capital of FGV

3,743,594

3,743,594

100.00

 

(b)      Net assets and gearing

 

The effects of the Proposed Acquisitions on the net assets of FGV Group could not be ascertained at this juncture and shall be provided upon the announcement of the signing of the Definitive Agreements. Notwithstanding that the Company has yet to determine the exact mix of internal resources and external financing, strictly for illustrative purposes only, the gearing of FGV Group computed based on the audited consolidated financial statements of FGV Group as at 31 December 2014, and assuming that balance of the purchase consideration (excluding Deposit) is fully financed via borrowings would increase from 0.7 times to 1.1 times (without including Land Lease Agreement (“LLA”)) and from 1.5 times to 1.8 times (with LLA).

 

(c)      Earnings and earnings per share

 

The Proposed Acquisitions are not expected to have any material effect on the earnings of the FGV Group for the financial year ending 31 December 2015 in view that the Proposed Acquisitions are expected to be completed in the fourth quarter of 2015. However, the Proposed Acquisitions are expected to contribute positively to the FGV Group’s future earnings and earnings per share when the Proposed Acquisitions are completed.

 

Further details on the effects of the Proposed Acquisitions on FGV’s financial shall be provided upon the announcement of the signing of the Definitive Agreements.

 

Query 8

 

Barring any unforeseen circumstances, the execution of the CSPAs and the implementation of the Proposed Acquisitions are expected to be completed by the fourth quarter of 2015. The indicative timeline for the completion of the Proposed Acquisitions are set out as follows:

 

Indicative timing

Events

End July 2015

Completion of due diligence of the Companies

Mid August 2015
  • Execution of CSPAs
  • Announcement of the Definitive Agreements
  • Submission of valuation report to Bursa Securities

Mid September 2015
  • Submission of circular and additional listing application to Bursa Securities

End October 2015
  • EGM for shareholders’ approval

 


Stocks: , , , , , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)