June 22, 2015

Company announcements: PUC, TEXCYCL, N2N, HHHCORP, HHGROUP, FBMKLCI-EA, KULIM, TDM, KLK

PUC - OTHERS SIGNING OF RENEWABLE ENERGY POWER PURCHASE AGREEMENT ("REPPA") WITH TENAGA NASIONAL BERHAD ("TNB")

Announcement Type: General Announcement for PLC
Company Name PUC FOUNDER (MSC) BERHAD
Stock Name PUC
Date Announced 22 Jun 2015
Category General Announcement for PLC
Reference Number GA1-22062015-00025

Type Announcement
Subject OTHERS
Description
SIGNING OF RENEWABLE ENERGY POWER PURCHASE AGREEMENT ("REPPA") WITH TENAGA NASIONAL BERHAD ("TNB")

PUC FOUNDER (MSC) BERHAD (“PUCF” OR “COMPANY”)

SIGNING OF RENEWABLE ENERGY POWER PURCHASE AGREEMENT (“REPPA”) WITH TENAGA NASIONAL BERHAD (“TNB”)

Further to the Company's announcement on 16 March 2015 in relation to the Feed-in Tariff ("FiT") approval for 1 megawatt power solar capacity from the Sustainable Energy Development Authority Malaysia ("SEDA") to MaxGreen Energy Sdn. Bhd. (formerly known as Ausscar Group Sdn. Bhd.) ("MESB"), a wholly-owned subsidiary of PUCF, PUCF wishes to announce that MESB has on 22 June 2015 entered into the REPPA with TNB for the supply and delivery of the renewable energy from solar photovoltaic (“PV”) for a FiT concession period of 21 years.

Details of the REPPA

The solar PV plant of MESB is scheduled for operation by 4th quarter of 2015. TNB has agreed to purchase the electricity generated by MESB for a period of 21 years pursuant to the REPPA.

Salient Terms of REPPA

Conditions precedent to the FiT commencement date

The FiT commencement date shall only occur upon:

   (a) The satisfaction of the conditions as set out in sub-rule 15(1) of the Renewable Energy (Technical and Operational Requirements) Rules 2011; and

   (b) The submission by MESB to TNB of SEDA’s written confirmation of the FiT rate of RM1.0355 per kilowatt hour.

Rationale

PUCF will capitalise on the opportunity of entering into the REPPA to venture into renewable energy business as the Company is looking for steady, stable and recurring income for PUCF group of companies (“PUCF Group”).

Risks

The risk factors of renewable energy business, including but not limited to the followings:

Business Risk

The renewable energy industry is subject to general business risks as well as risks inherent in the industry.

MESB will seek to mitigate such risk by keeping itself updated with any change in the laws, regulations and policies applicable to the renewable energy sector from time to time and to ensure that its interest is protected via reviews of internal control and processes as well as putting in place the appropriate policies and procedures.

Financial risk

PUCF Group intends to establish its solar PV plant in the near future and the source of funds will include bank borrowings, capital market fund raising exercise and/or internally generated funds.

PUCF Group may incur interest expense on the bank borrowing to be obtained. Fluctuation of interest rates could have an effect on PUCF Group’s cash flow and profitability. Nevertheless, PUCF Group will use its best endeavours to manage its cash flow position and funding requirements. PUCF Group believes that its prudent cash flow management will be able to address the financial risk.

Prospects

Part of efforts to build the country’s renewable energy capacity includes a target under the National Renewable Energy Policy for solar power to contribute at least 220 megawatts to the total capacity mix. In aid of this, the authorities have implemented a regulatory framework for the FiT mechanism, which allows locally produced electricity to be sold to power utilities at a fixed premium for a specific period. This, in turn, is targeted to allow renewable energy generation to expand over time as a fraction of total power generation.

(Source: Economic Transformation Programme Annual Report 2013)

In view of the positive outlook and prospects of the renewable energy sector as well as the PUCF Group’s intention to establish its solar PV plant in the near future, PUCF Group is well positioned to contribute to the sustainability of the environment and enhancing its shareholders' value.

Financial Effects of REPPA

The signing of the REPPA will not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of PUCF and is not expected to have any material effect on the net assets and gearing of the PUCF Group for the financial year ending 31 December 2015.

The REPPA is expected to contribute positively to the future earnings of PUCF Group.

Total commitment required to establish the solar PV plant is estimated to be approximately RM8 million. We will seek appropriate funding options including bank borrowings, capital market fund raising exercise and/or internally generated funds.

Interest of Directors, Major Shareholders and/or Persons Connected with Them

None of the Directors, major shareholders of PUCF and/or persons connected with them have any interest, direct or indirect, on the REPPA.

 

This announcement is dated 22 June 2015.

 






TEXCYCL - Changes in Director's Interest (S135) - MR HO SIEW CHOONG

Announcement Type: Changes in Director's Interest Pursuant to Section 135
Company Name TEX CYCLE TECHNOLOGY (M) BERHAD
Stock Name TEXCYCL
Date Announced 22 Jun 2015
Category Changes in Director's Interest Pursuant to Section 135
Reference Number CS4-15062015-00035

Information Compiled By KLSE

Particulars of Director

Name MR HO SIEW CHOONG
Address No. 81, Jalan Terasek 1
Bangsar Baru
Kuala Lumpur
59100 Wilayah Persekutuan
Malaysia.
Descriptions(Class & nominal value) Ordinary Shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
18/06/2015
10,000
0.500

Circumstances by reason of which change has occurred
Acquisition of shares
Nature of interest
Direct Interest
Consideration (if any)
-

Total no of securities after change

Direct (units) 8,230,903
Direct (%) 4.870
Indirect/deemed interest (units) 82,594,959
Indirect/deemed interest (%) 48.860
Date of notice 22/06/2015


Remarks :
Name of Registered Holders - Total No. of Shares after changes (%) Direct Interest:- Ho Siew Choong - 8,230,903 (4.87%) Indirect Interest:- Can Cycle Sdn. Bhd. - 82,392,959 (48.74%)*1 Chuang Shiao Ye - 140,000 (0.08%)*2 Ho Wai Zheng - 36,500 (0.02%) *3 Ho Wai Mun - 25,500 (0.02%)*3 Notes:- *1. Deemed interested by virtue of his shareholdings in Can Cycle Sdn. Bhd. under Section 6A(4) of the Companies Act, 1965. *2. Deemed interested in his spouse, Madam Chuang Shiao Ye's direct shareholdings in Tex Cycle Technology (M) Berhad by virtue of Section 134(12)(c) of the Companies Act, 1965. *3. Deemed interested in his children, Mr. Ho Wai Zheng's and Mr. Ho Wai Mun's direct shareholdings in Tex Cycle Technology (M) Berhad by virtue of Section 134(12)(c) of the Companies Act, 1965. Based on the paid-up capital of the Company of RM16,904,330.00 divided into 169,043,300 ordinary shares (excluding 1,749,700 treasury shares) of RM0.10 each as at 18 June 2015.


TEXCYCL - Changes in Sub. S-hldr's Int. (29B) - MR HO SIEW CHOONG

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name TEX CYCLE TECHNOLOGY (M) BERHAD
Stock Name TEXCYCL
Date Announced 22 Jun 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-15062015-00089

Particulars of substantial Securities Holder

Name MR HO SIEW CHOONG
Address No. 81, Jalan Terasek 1
Bangsar Baru
Kuala Lumpur
59100 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. 520108105277
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM0.10 each
Name & address of registered holder Ho Siew Choong No. 81, Jalan Terasek 1 Bangsar Baru 59100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 18 Jun 2015
10,000
0.500

Circumstances by reason of which change has occurred Acquisition of Shares
Nature of interest Direct Interest
Direct (units) 8,230,903
Direct (%) 4.87
Indirect/deemed interest (units) 82,594,959
Indirect/deemed interest (%) 48.86
Total no of securities after change 8,230,903
Date of notice 22 Jun 2015


Remarks :
Name of Registered Holders - Total No. of Shares after changes (%)

Direct Interest:-
Ho Siew Choong - 8,230,903 (4.87%)

Indirect Interest:-
Can Cycle Sdn. Bhd. - 82,392,959 (48.74%)*1
Chuang Shiao Ye - 140,000 (0.08%)*2
Ho Wai Zheng - 36,500 (0.02%) *3
Ho Wai Mun - 25,500 (0.02%)*3

Notes:-

*1. Deemed interested by virtue of his shareholdings in Can Cycle Sdn. Bhd. under Section 6A(4) of the Companies Act, 1965.
*2. Deemed interested in his spouse, Madam Chuang Shiao Ye's direct shareholdings in Tex Cycle Technology (M) Berhad by virtue of Section 134(12)(c) of the Companies Act, 1965.
*3. Deemed interested in his children, Mr. Ho Wai Zheng's and Mr. Ho Wai Mun's direct shareholdings in Tex Cycle Technology (M) Berhad by virtue of Section 134(12)(c) of the Companies Act, 1965.

Based on the paid-up capital of the Company of RM16,904,330.00 divided into 169,043,300 ordinary shares (excluding 1,749,700 treasury shares) of RM0.10 each as at 18 June 2015.


N2N - Notice of Shares Buy Back Immediate Announcement

Announcement Type: Notice of Shares Buy Back Immediate Announcement
Company Name N2N CONNECT BERHAD
Stock Name N2N
Date Announced 22 Jun 2015
Category Notice of Shares Buy Back Immediate Announcement
Reference Number SB1-22062015-00006

Date of buy back 22 Jun 2015
Description of shares purchased Ordinary Shares of RM0.10 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 9,000
Minimum price paid for each share purchased ($$) 0.795
Maximum price paid for each share purchased ($$) 0.795
Total consideration paid ($$) 7,155.00
Number of shares purchased retained in treasury (units) 9,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 8,247,400
Adjusted issued capital after cancellation
(no. of shares) (units)
0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 1.87420




HHHCORP - General Meetings: Outcome of Meeting

Announcement Type: General Meeting
Company Name HIAP HUAT HOLDINGS BERHAD
Stock Name HHHCORP
Date Announced 22 Jun 2015
Category General Meeting
Reference Number GMA-22062015-00016

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 22 Jun 2015
Time 10:00 AM
Venue
Room Green II, Tropicana Golf & Country Resort, Jalan Kelab Tropicana, 47410 Petaling Jaya, Selangor
Outcome of Meeting

The Board of Directors of Hiap Huat Holdings Berhad ("Hiap Huat") is pleased to announce that the shareholders of Hiap Huat have at its Fifth (5th) Annual General Meeting ("AGM") held on 22 June 2015 approved all the resolutions as set out in the Notice of AGM dated 29 May 2015.

This announcement is dated 22 June 2015.






HHGROUP - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement for PLC
Company Name HENG HUAT RESOURCES GROUP BERHAD
Stock Name HHGROUP
Date Announced 22 Jun 2015
Category General Announcement for PLC
Reference Number GA1-22062015-00032

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
HENG HUAT RESOURCES GROUP BERHAD (HENG HUAT)

TRANSACTIONS (CHAPTER 10 OF THE LISTING REQUIREMENTS): NON-RELATED PARTY TRANSACTIONS
- PROPOSED ACQUISITION OF BIOSMASS CO-GENERATION POWER PLANT

HENG HUAT RESOURCES GROUP BERHAD (“HENG HUAT”)

TRANSACTIONS (CHAPTER 10 OF THE LISTING REQUIREMENTS): NON-RELATED PARTY TRANSACTIONS

- PROPOSED ACQUISITION OF BIOSMASS CO-GENERATION POWER PLANT

The Board of Directors of Heng Huat (“Board”) wish to announce that, HK Power Sdn Bhd (“HKPSB” or the “Purchaser”), a wholly-owned subsidiary of Heng Huat had on 22 June 2015 entered into a contract (“Contract”) with Advance Boilers Sdn Bhd (“ABSB” or the “Vendor”) for the design, supply, delivery to site, installation and commissioning of one (1) unit of 1,077 electrical kilowatts (eKW) biomass co-generation power plant (“Power Plant”) for a cash consideration of RM8,810,000 (“Purchase Consideration”) (“Proposed Acquisition”).

Please refer to the attachment for the full announcement.




Please refer attachment below.

Attachments

HHRG_Acquisition Power Plant.pdf
337.1 kB



FBMKLCI-EA - OTHERS FTSE Bursa Malaysia KLCI etf - Changes of in-kind Creation/Redemption Basket

Announcement Type: General Announcement for PLC
Company Name FTSE BURSA MALAYSIA KLCI ETF
Stock Name FBMKLCI-EA
Date Announced 22 Jun 2015
Category General Announcement for PLC
Reference Number GA1-22062015-00072

Type Announcement
Subject OTHERS
Description
FTSE Bursa Malaysia KLCI etf - Changes of in-kind Creation/Redemption Basket

For details of the In-Kind Creation/Redemption, please refer to the statement below:

Please be informed that there are changes in the in-kind creation/redemption basket components which take effect from today onwards. Kindly refer to the file attached for details of the changes.




Please refer attachment below.

Attachments

New Basket 2015-06-22.xls
6.0 kB



KULIM - Notice of Shares Buy Back Immediate Announcement

Announcement Type: Notice of Shares Buy Back Immediate Announcement
Company Name KULIM (MALAYSIA) BERHAD
Stock Name KULIM
Date Announced 22 Jun 2015
Category Notice of Shares Buy Back Immediate Announcement
Reference Number SB1-22062015-00003

Date of buy back 22 Jun 2015
Description of shares purchased Ordinary shares of RM0.25 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 75,000
Minimum price paid for each share purchased ($$) 2.530
Maximum price paid for each share purchased ($$) 2.560
Total consideration paid ($$)
Number of shares purchased retained in treasury (units)
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 0.34000




TDM - 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 TDM BERHAD
Stock Name TDM
Date Announced 22 Jun 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-22062015-00044

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. KWAPACT 6622007
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) ORDINARY SHARES AT RM 0.20 SEN PER SHARE
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)
Acquired 10 Jun 2015
186,900

Circumstances by reason of which change has occurred PURCHASE OF SHARES IN OPEN MARKET BY KWAP'S FUND MANAGER
Nature of interest INDIRECT
Direct (units) 124,544,800
Direct (%) 8.41
Indirect/deemed interest (units) 13,844,000
Indirect/deemed interest (%) 0.934
Total no of securities after change 138,388,800
Date of notice 18 Jun 2015


Remarks :
NOTICE WAS RECEIVED ON 22 JUNE 2015


KLK - 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 KUALA LUMPUR KEPONG BERHAD
Stock Name KLK
Date Announced 22 Jun 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-19062015-00044

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 Citigroup Nominees (Tempatan) Sdn Bhd [Employees Provident Fund Board (NOMURA)] 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 17 Jun 2015
119,800

Circumstances by reason of which change has occurred Acquired
Nature of interest Direct
Direct (units) 145,819,138
Direct (%) 13.692
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 145,819,138
Date of notice 18 Jun 2015


Remarks :
Notification received on 22 June 2015


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