September 14, 2010

Company announcements: KFC, BJLAND, YTL, MUTIARA, MASTEEL, XINQUAN, KIMHIN

KFC - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: KFC HOLDINGS (MALAYSIA) BERHAD
Stock Name: KFC
Date Announced: 14/09/2010

Announcement Detail:
Type: Announcement

Subject: KFC HOLDINGS (MALAYSIA) BHD ("KFCH" OR THE "COMPANY")

(I) SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM1.00 EACH HELD IN KFCH INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH IN KFCH ("KFCH SHARE(S)" OR "SHARE(S)") HELD ON THE ENTITLEMENT DATE ("SHARE SPLIT");

(II) BONUS ISSUE OF 396,549,364 NEW KFCH SHARES ("BONUS SHARE(S)") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING KFCH SHARE HELD AFTER THE SHARE SPLIT ("BONUS ISSUE");

(III) AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF KFCH ("M&A") PURSUANT TO THE SHARE SPLIT ("AMENDMENT OF M&A"); AND

(IV) ISSUANCE OF 31,723,949 FREE WARRANTS IN KFCH ("WARRANT(S)") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWENTY-FIVE (25) EXISTING KFCH SHARES HELD AFTER THE SHARE SPLIT AND BONUS ISSUE ("FREE WARRANTS ISSUE");

(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

Contents: We refer to the earlier announcement dated 13 September 2010 in relation to the Corporate Exercises, and wish to highlight that the enlarged issued and paid-up share capital of KFCH in the form of 793,098,728 KFCH Shares (which includes the 396,549,364 Bonus Shares) was granted listing and quotation on the Main Market of Bursa Malaysia Securities Berhad on Tuesday, 14 September 2010, marking the completion of the Share Split and Bonus Issue.

This announcement is dated 14 September 2010.


BJLAND - General Announcement

Announcement Type: General Announcement
Company Name: BERJAYA LAND BERHAD
Stock Name: BJLAND
Date Announced: 14/09/2010

Announcement Detail:
Type: Announcement

Subject: ACQUISITION OF 100% EQUITY STAKE IN BERJAYA KYOTO DEVELOPMENT (S) PTE LTD FOR A CASH CONSIDERATION OF SGD1.00

Contents: The Board of Directors of Berjaya Land Berhad ("B-Land") is pleased to announce that it has on 14 September 2010 acquired one (1) ordinary share representing 100% equity interest in Berjaya Kyoto Development (S) Pte Ltd ("B-Kyoto") from Madam Teow Gek Keo for a cash consideration of SGD1.00 or approximately RM2.33 ("Acquisition").

B-Kyoto, a private limited company, was incorporated in Singapore under the Companies Act, (Cap. 50) on 25 May 2010 with an issued and paid-up share capital of SGD1.00 comprising one (1) ordinary share of SGD 1.00 each. The principal activity of B-Kyoto is investment holding whilst its 100%-owned subsidiary, namely Berjaya Kyoto Development Company Limited ("BKDJ"), incorporated in Japan, is intended to be principally involved in real estate development activities. BKDJ has an issued and paid up share capital of JPY1.50 million (or about RM55,890) comprising 30 ordinary shares of JPY50,000 each. B-Kyoto will be B-Land's investment arm in Japan.

The Acquisition has no effect on the issued and paid-up share capital as well as the major shareholders' shareholdings in B-Land. The Acquisition also has no material effect on the consolidated earnings and net assets of B-Land Group for the current financial year ending 30 April 2011.

The Acquisition is not subject to any Malaysian authorities' approvals and the shareholders of B-Land.

The highest percentage ratio applicable to the Acquisition pursuant to Paragraph 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements is negligible.

None of the Directors, major shareholders and persons connected with a Director or major shareholder of B-Land has any interest, directly or indirectly, in the Acquisition.

The Board of Directors of B-Land is of the opinion that the Acquisition is in the best interest of B-Land Group.


YTL - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: YTL CORPORATION BERHAD
Stock Name: YTL
Date Announced: 14/09/2010

Announcement Detail:
Date of buy back: 14/09/2010

Description of shares purchased: Ordinary shares of RM0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 50,000

Minimum price paid for each share purchased ($$): 7.600

Maximum price paid for each share purchased ($$): 7.600

Total consideration paid ($$): 381,454.00

Number of shares purchased retained in treasury (units): 50,000

Cumulative net outstanding treasury shares as at to-date (units): 105,955,809

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.58


MUTIARA - Change in Audit Committee

Announcement Type: Change in Audit Committee
Submitting Merchant Bank: N/A
Company Name: MUTIARA GOODYEAR DEVELOPMENT BERHAD
Stock Name: MUTIARA
Date Announced: 14/09/2010

Announcement Detail:
Date of change: 14/09/2010

Type of change: Appointment

Designation: Member of Audit Committee

Directorate: Independent & Non Executive

Name: Dato' Seri Ismail Bin Shahudin

Age: 59

Nationality: Malaysian

Qualifications: Bachelor of Economics (Hons) from University of Malaya, Malaysia

Working experience and occupation: Upon his graduation in 1974, Dato' Seri Ismail joined ESSO Malaysia Berhad and served for 5 years in its Finance Division. He then joined Citibank Malaysia in 1979 and served at the bank's headquarters in New York in 1984 as part of the team in Asia Pacific division. Upon his return to Malaysia in 1986, he was promoted to the position of Vice President & Group Head of the Public Sector and Financial Institutions Group in Malaysia. In 1988, he served United Asian Bank Berhad as Deputy General Manager until 1992. Subsequently, he joined Maybank as General Manager of Corporate Banking and in 1997, he was appointed as Executive Director of Maybank. He left Maybank in July 2002 to become the Group Chief Executive Officer of MMC Corporation Berhad. He was then appointed to the Board of Bank Muamalat Malaysia Berhad and subsequently its Chairman in March 2004 until his retirement in July 2008.

Directorship of public companies (if any): 1) PLUS Expressways Berhad
2) EP Manufacturing Berhad
3) SMPC Corporation Berhad
4) UEM Group Berhad
5) Malayan Banking Berhad
6) Aseana Properties Limited (listed on the
London Stock Exchange)

Family relationship with any director and/or major shareholder of the listed issuer: Nil

Any conflict of interests that he/she has with the listed issuer: Nil

Details of any interest in the securities of the listed issuer or its subsidiaries: Nil

Composition of Audit Committee (Name and Directorate of members after change): Chairman:
Ishak @ Abd Rahman Bin Mohamad (Independent Non-Executive Director)
Members:
Dato' Ikmal Hijaz Bin Hashim (Independent Non-Executive Director)
Dato' Seri Ismail Bin Shahudin (Independent Non-Executive Director)


MASTEEL - MALAYSIA STEEL WORKS (KL) BHD ("Masteel" or "Company") WARRANTS ISSUE

Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: MALAYSIA STEEL WORKS (KL) BHD
Stock Name: MASTEEL
Date Announced: 14/09/2010

Announcement Detail:
Type: Announcement

Subject: MALAYSIA STEEL WORKS (KL) BHD ("Masteel" or "Company")

WARRANTS ISSUE

Contents: Further to earlier announcements, MIMB Investment Bank Berhad ("MIMB"), on behalf of the Board of Directors of Masteel, is pleased to announce the following:-

(a) that the issue price for the Warrants has been fixed at RM0.18 per Warrant; and

(b) that the exercise price for the Warrants has been fixed at RM0.67 for every one (1) new Masteel Share.

The issue price for the Warrants was determined by the Directors after taking into consideration the following factors:-

(i) Based on the exercise price of RM0.67 per Warrant, the theoretical fair value of the Warrants is approximately RM0.38 per Warrant as at 13 September 2010 (being the latest practicable date prior to the price fixing date) computed using the Black-Scholes Option Pricing Model.

(ii) The Board had arrived at the issue price of RM0.18 per Warrant based on a discount of approximately 52.6% from the aforesaid theoretical fair value of the Warrants, whilst seeking to ensure that a reasonable amount of proceeds would be raised from the Warrants Issue. Such discount is deemed appropriate by the Board after taking into consideration the historical volatility and share price movements of the underlying Masteel Shares, the prevailing general market sentiments as well as the Board's intention to provide an opportunity for the shareholders of Masteel to participate in an equity derivative (i.e. Warrants) of the Company at an attractive entry cost.

The exercise price for the Warrants was determined by the Directors after taking into account the following factors:-

(i) the five (5)-day VWAP of Masteel Shares up to and including 13 September 2010 (being the latest practicable date prior to the price fixing date) of RM0.8567 per Share;

(ii) with the aim that together with the issue price (i.e. entry cost), the exercise price (i.e. subsequent cost) of the Warrants would, in the opinion of the Board, be sufficiently attractive for the shareholders of Masteel to subscribe for their respective entitlements to the Warrants pursuant to the Warrants Issue and to exercise the Warrants in the future; and

(iii) the par value of Masteel Shares of RM0.50 each.

For consistency, the abbreviations used in the above are the same as those previously defined in the Company's announcement dated 18 May 2010.

This announcement is dated 14 September 2010.


XINQUAN - General Announcement

Announcement Type: General Announcement
Company Name: XINGQUAN INTERNATIONAL SPORTS HOLDINGS LIMITED
Stock Name: XINQUAN
Date Announced: 14/09/2010

Announcement Detail:
Type: Announcement

Subject: XINGQUAN INTERNATIONAL SPORTS HOLDINGS LIMITED
- ESTABLISHMENT OF A NEW COMPANY BY A WHOLLY-OWNED SUBSIDIARY

Contents: The Board of Directors of Xingquan International Sports Holdings Limited ("the Company") wishes to announce that its wholly-owned subsidiary, Addnice Holdings Limited, had just received the Certificate of Approval from the China Fujian Authority for the establishment of enterprises with investment of Taiwan, Hong Kong, Macao and overseas Chinese in the People's Republic of China for Addnice Holdings Limited to subscribe for HKD8.0 million (approximately equivalent to RM3.304 million at the rate of RM41.30:HKD100) shares representing 100% of the registered capital of Germany Top (Fujian) Outdoor Products Co. Ltd. ("GTF") at par for cash (hereinafter referred to as the "Establishment").

GTF was incorporated on 10 August 2010 in PRC with a registered capital of HKD8.0 million (approximately equivalent to RM3.304 million at the rate of RM41.30:HKD100).

GTF's principle activities are manufacturing of shoes, sports wear and sports related products.

None of the directors and/or substantial shareholders of the Company and/or persons connected to them have any interest, direct or indirect, in the above-mentioned Establishment.

The Establishment is not subject to the approval of the shareholders of the Company.


KIMHIN - General Announcement

Announcement Type: General Announcement
Company Name: KIM HIN INDUSTRY BERHAD
Stock Name: KIMHIN
Date Announced: 14/09/2010

Announcement Detail:
Type: Announcement

Subject: Notification of Director's dealings during outside closed period pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Contents: Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we have received notification from the following director in relation to Kim Hin (Malaysia) Sdn Bhd's dealings in the shares of Kim Hin Industry Berhad:-


KIMHIN - General Announcement

Announcement Type: General Announcement
Company Name: KIM HIN INDUSTRY BERHAD
Stock Name: KIMHIN
Date Announced: 14/09/2010

Announcement Detail:
Type: Announcement

Subject: Notification of Director's dealings during outside closed period pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Contents: Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we have received notification from the following director in relation to Kim Hin (Malaysia) Sdn Bhd's dealings in the shares of Kim Hin Industry Berhad:-


KIMHIN - General Announcement

Announcement Type: General Announcement
Company Name: KIM HIN INDUSTRY BERHAD
Stock Name: KIMHIN
Date Announced: 14/09/2010

Announcement Detail:
Type: Announcement

Subject: Notification of Director's dealings during outside closed period pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Contents: Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we have received notification from the following director in relation to Kim Hin (Malaysia) Sdn Bhd's dealings in the shares of Kim Hin Industry Berhad:-


KIMHIN - General Announcement

Announcement Type: General Announcement
Company Name: KIM HIN INDUSTRY BERHAD
Stock Name: KIMHIN
Date Announced: 14/09/2010

Announcement Detail:
Type: Announcement

Subject: Notification of Director's dealings during outside closed period pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Contents: Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we have received notification from the following director in relation to Kim Hin (Malaysia) Sdn Bhd's dealings in the shares of Kim Hin Industry Berhad:-



No comments:

Post a Comment