KURASIA - MULTIPLE PROPOSALS
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: KURNIA ASIA BERHAD
Stock Name: KURASIA
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: MULTIPLE PROPOSALS
Description: KURNIA ASIA BERHAD ("KAB" OR THE "COMPANY")
I. PROPOSED DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN KURNIA INSURANS (MALAYSIA) BERHAD ("KIMB") TO AmG INSURANCE BERHAD ("AmG") FOR A TOTAL CASH CONSIDERATION OF RM1,550 MILLION SUBJECT TO ADJUSTMENT ("PROPOSED KIMB DISPOSAL"); AND
II. PROPOSED DISPOSAL OF FREEHOLD PROPERTIES IN SECTION 41, TOWNSHIP AND DISTRICT OF KUALA LUMPUR AND STATE OF WILAYAH PERSEKUTUAN, KUALA LUMPUR ("SAID PROPERTIES") BY KIMB TO TAN SRI DATO' PADUKA KUA SIAN KOOI TO BE SATISFIED IN CASH AT THE HIGHER OF THE MARKET VALUE AND THE NET BOOK VALUE OF THE SAID PROPERTIES ("PROPOSED PROPERTIES DISPOSAL")
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: KURNIA ASIA BERHAD
Stock Name: KURASIA
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: MULTIPLE PROPOSALS
Description: KURNIA ASIA BERHAD ("KAB" OR THE "COMPANY")
I. PROPOSED DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN KURNIA INSURANS (MALAYSIA) BERHAD ("KIMB") TO AmG INSURANCE BERHAD ("AmG") FOR A TOTAL CASH CONSIDERATION OF RM1,550 MILLION SUBJECT TO ADJUSTMENT ("PROPOSED KIMB DISPOSAL"); AND
II. PROPOSED DISPOSAL OF FREEHOLD PROPERTIES IN SECTION 41, TOWNSHIP AND DISTRICT OF KUALA LUMPUR AND STATE OF WILAYAH PERSEKUTUAN, KUALA LUMPUR ("SAID PROPERTIES") BY KIMB TO TAN SRI DATO' PADUKA KUA SIAN KOOI TO BE SATISFIED IN CASH AT THE HIGHER OF THE MARKET VALUE AND THE NET BOOK VALUE OF THE SAID PROPERTIES ("PROPOSED PROPERTIES DISPOSAL")
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
HOHUP - PRACTICE NOTE 1 / GUIDANCE NOTE 5: MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
Company Name: HO HUP CONSTRUCTION COMPANY BHD
Stock Name: HOHUP
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
Description: HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "The Company")
- MONTHLY ANNOUNCEMENT ON DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS
("PN1")
Company Name: HO HUP CONSTRUCTION COMPANY BHD
Stock Name: HOHUP
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
Description: HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "The Company")
- MONTHLY ANNOUNCEMENT ON DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS
("PN1")
SCABLE - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: SARAWAK CABLE BERHAD
Stock Name: SCABLE
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description: SARAWAK CABLE BERHAD ("SCB" OR "COMPANY")
(I) PROPOSED ACQUISITION BY SCB OF THE REMAINING 25% EQUITY INTEREST IN SARWAJA TIMUR SDN BHD ("STSB") NOT ALREADY OWNED BY SCB, FOR A PURCHASE CONSIDERATION OF RM11.02 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 5,199,530 NEW ORDINARY SHARES OF RM0.50 EACH IN SCB ("SCB SHARES" OR "SHARES") AT AN ISSUE PRICE OF RM2.12 PER SCB SHARE ("ISSUE PRICE") ("PROPOSED STSB ACQUISITION");
(II) PROPOSED ACQUISITION BY SCB OF 65% EQUITY INTEREST IN TRENERGY INFRASTRUCTURE SDN BHD ("TISB") FOR A PURCHASE CONSIDERATION OF RM24.45 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 11,533,020 NEW SCB SHARES AT THE ISSUE PRICE ("PROPOSED TISB ACQUISITION"); AND
(III) PROPOSED EXEMPTION FOR DATO SRI MAHMUD ABU BEKIR TAIB AND PERSONS ACTING IN CONCERT FROM THE OBLIGATION TO EXTEND A MANDATORY OFFER FOR THE REMAINING SCB SHARES NOT ALREADY OWNED BY THEM PURSUANT TO PARAGRAPH 16.1(A), PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 UPON COMPLETION OF THE PROPOSED STSB ACQUISITION AND PROPOSED TISB ACQUISITION
(THE ABOVE ARE COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: SARAWAK CABLE BERHAD
Stock Name: SCABLE
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description: SARAWAK CABLE BERHAD ("SCB" OR "COMPANY")
(I) PROPOSED ACQUISITION BY SCB OF THE REMAINING 25% EQUITY INTEREST IN SARWAJA TIMUR SDN BHD ("STSB") NOT ALREADY OWNED BY SCB, FOR A PURCHASE CONSIDERATION OF RM11.02 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 5,199,530 NEW ORDINARY SHARES OF RM0.50 EACH IN SCB ("SCB SHARES" OR "SHARES") AT AN ISSUE PRICE OF RM2.12 PER SCB SHARE ("ISSUE PRICE") ("PROPOSED STSB ACQUISITION");
(II) PROPOSED ACQUISITION BY SCB OF 65% EQUITY INTEREST IN TRENERGY INFRASTRUCTURE SDN BHD ("TISB") FOR A PURCHASE CONSIDERATION OF RM24.45 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 11,533,020 NEW SCB SHARES AT THE ISSUE PRICE ("PROPOSED TISB ACQUISITION"); AND
(III) PROPOSED EXEMPTION FOR DATO SRI MAHMUD ABU BEKIR TAIB AND PERSONS ACTING IN CONCERT FROM THE OBLIGATION TO EXTEND A MANDATORY OFFER FOR THE REMAINING SCB SHARES NOT ALREADY OWNED BY THEM PURSUANT TO PARAGRAPH 16.1(A), PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 UPON COMPLETION OF THE PROPOSED STSB ACQUISITION AND PROPOSED TISB ACQUISITION
(THE ABOVE ARE COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
CSL - GENERAL MEETINGS: OUTCOME OF MEETING
Announcement Type: General Announcement
Company Name: CHINA STATIONERY LIMITED
Stock Name: CSL
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
OUTCOME OF MEETING
Description: China Stationery Limited ("CSL" or "the Company") - 2012 Annual General Meeting ("2012 AGM")
Company Name: CHINA STATIONERY LIMITED
Stock Name: CSL
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
OUTCOME OF MEETING
Description: China Stationery Limited ("CSL" or "the Company") - 2012 Annual General Meeting ("2012 AGM")
SKPETRO - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
Company Name: SAPURAKENCANA PETROLEUM BERHAD
Stock Name: SKPETRO
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following principal officer has dealt in the securities of the Company as set out in Table 1 hereunder.
This announcement is dated 29 June 2012.
Company Name: SAPURAKENCANA PETROLEUM BERHAD
Stock Name: SKPETRO
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following principal officer has dealt in the securities of the Company as set out in Table 1 hereunder.
This announcement is dated 29 June 2012.
TENAGA - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: TENAGA NASIONAL BHD
Stock Name: TENAGA
Date Announced: 29/06/2012
Announcement Detail:
Date of change: 30/06/2012
Name: DATO' SRI CHE KHALIB BIN MOHAMAD NOH
Age: 47
Nationality: MALAYSIAN
Designation: President & Chief Exec. Officer
Directorate: Executive
Type of change: Cessation of Office
Reason: Expiry of service tenure
Details of any disagreement that he/she has with the Board of Directors: No
Whether there are any matters that need to be brought to the attention of the shareholders: No
Qualifications: Fellow of the Association of Chartered Certified Accountants (United Kingdom)
Chartered Accountant (Malaysia)
Working experience and occupation: Y.Bhg. Dato' Sri Che Khalib bin Mohamad Noh began his career as an audit assistant with Messrs Ernst & Young in 1989 and later joined Bumiputra Merchant Bankers Berhad. Between 1992 and 1999, he served in several companies within the Renong Group including Projek Lebuhraya Utara Selatan (PLUS), HBN Management Services Sdn. Bhd., Renong Overseas Corporation Sdn. Bhd. and Marak Unggul Sdn. Bhd., the consortium responsible for the management of Keretapi Tanah Melayu Berhad. In June 1999, he joined Ranhill Utilities Berhad as its Chief Executive Officer. He then assumed the position of Managing Director and Chief Executive Officer of KUB Malaysia Berhad prior to his appointment as the President/Chief Executive Officer of Tenaga Nasional Berhad (TNB) on 1 July 2004.
Dato' Sri Che Khalib bin Mohamad Noh was previously a member of the Board and Executive Committee of Khazanah Nasional Berhad from 2000 until 2004. He also served as a Board member within the United Engineers Malaysia Berhad Group of Companies and Bank Industri & Teknologi Malaysia Berhad.
Directorship of public companies (if any): Nil
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
Remarks: Y.Bhg. Dato' Sri Che Khalib bin Mohamad Noh will relinquish his position as President/Chief Executive Officer of TNB, as well as his directorships of the relevant subsidiaries within TNB Group of Companies.
The Board of Directors of TNB would like to express its appreciation to Y.Bhg. Dato' Sri Che Khalib bin Mohamad Noh for his contribution to the Company.
This announcement is dated 29 June 2012.
Company Name: TENAGA NASIONAL BHD
Stock Name: TENAGA
Date Announced: 29/06/2012
Announcement Detail:
Date of change: 30/06/2012
Name: DATO' SRI CHE KHALIB BIN MOHAMAD NOH
Age: 47
Nationality: MALAYSIAN
Designation: President & Chief Exec. Officer
Directorate: Executive
Type of change: Cessation of Office
Reason: Expiry of service tenure
Details of any disagreement that he/she has with the Board of Directors: No
Whether there are any matters that need to be brought to the attention of the shareholders: No
Qualifications: Fellow of the Association of Chartered Certified Accountants (United Kingdom)
Chartered Accountant (Malaysia)
Working experience and occupation: Y.Bhg. Dato' Sri Che Khalib bin Mohamad Noh began his career as an audit assistant with Messrs Ernst & Young in 1989 and later joined Bumiputra Merchant Bankers Berhad. Between 1992 and 1999, he served in several companies within the Renong Group including Projek Lebuhraya Utara Selatan (PLUS), HBN Management Services Sdn. Bhd., Renong Overseas Corporation Sdn. Bhd. and Marak Unggul Sdn. Bhd., the consortium responsible for the management of Keretapi Tanah Melayu Berhad. In June 1999, he joined Ranhill Utilities Berhad as its Chief Executive Officer. He then assumed the position of Managing Director and Chief Executive Officer of KUB Malaysia Berhad prior to his appointment as the President/Chief Executive Officer of Tenaga Nasional Berhad (TNB) on 1 July 2004.
Dato' Sri Che Khalib bin Mohamad Noh was previously a member of the Board and Executive Committee of Khazanah Nasional Berhad from 2000 until 2004. He also served as a Board member within the United Engineers Malaysia Berhad Group of Companies and Bank Industri & Teknologi Malaysia Berhad.
Directorship of public companies (if any): Nil
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
Remarks: Y.Bhg. Dato' Sri Che Khalib bin Mohamad Noh will relinquish his position as President/Chief Executive Officer of TNB, as well as his directorships of the relevant subsidiaries within TNB Group of Companies.
The Board of Directors of TNB would like to express its appreciation to Y.Bhg. Dato' Sri Che Khalib bin Mohamad Noh for his contribution to the Company.
This announcement is dated 29 June 2012.
DOLMITE - GENERAL MEETINGS: OUTCOME OF MEETING
Announcement Type: General Announcement
Company Name: DOLOMITE CORPORATION BERHAD
Stock Name: DOLMITE
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
OUTCOME OF MEETING
Description: DOLOMITE CORPORATION BERHAD ("DCB" OR "THE COMPANY")
- EIGHTEENTH ANNUAL GENERAL MEETING
Company Name: DOLOMITE CORPORATION BERHAD
Stock Name: DOLMITE
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
OUTCOME OF MEETING
Description: DOLOMITE CORPORATION BERHAD ("DCB" OR "THE COMPANY")
- EIGHTEENTH ANNUAL GENERAL MEETING
YTLPOWR - OTHERS
Announcement Type: General Announcement
Company Name: YTL POWER INTERNATIONAL BHD
Stock Name: YTLPOWR
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: RE-ORGANISATION OF GROUP STRUCTURE
Company Name: YTL POWER INTERNATIONAL BHD
Stock Name: YTLPOWR
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: RE-ORGANISATION OF GROUP STRUCTURE
BGYEAR - Change in Boardroom
Announcement Type: Change in Boardroom
Submitting Merchant Bank: N/A
Company Name: BINA GOODYEAR BERHAD
Stock Name: BGYEAR
Date Announced: 29/06/2012
Announcement Detail:
Date of change: 29/06/2012
Name: Wong Soo Chai @ Wong Chick Wai
Age: 72
Nationality: Malaysian
Designation: Executive Director
Directorate: Executive
Type of change: Resignation
Reason: Retirement
Details of any disagreement that he/she has with the Board of Directors: No
Whether there are any matters that need to be brought to the attention of the shareholders: No
Qualifications: 1) Degree in Engineering from University of Melbourne, Australia
2) Master Degree in Business Administration (MBA) from University of New South Wales, Australia
3) Member of the Institute of Engineers, Malaysia and a Professional Engineer of the Board of Engineers, Malaysia
Working experience and occupation: Mr Wong's experience in the engineering field included the design and construction of a power station and related installations, highrise building and hotels.
Directorship of public companies (if any): Nil
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: 2,048,380 ordinary shares
Remarks: This announcement is dated 29 June 2012
Submitting Merchant Bank: N/A
Company Name: BINA GOODYEAR BERHAD
Stock Name: BGYEAR
Date Announced: 29/06/2012
Announcement Detail:
Date of change: 29/06/2012
Name: Wong Soo Chai @ Wong Chick Wai
Age: 72
Nationality: Malaysian
Designation: Executive Director
Directorate: Executive
Type of change: Resignation
Reason: Retirement
Details of any disagreement that he/she has with the Board of Directors: No
Whether there are any matters that need to be brought to the attention of the shareholders: No
Qualifications: 1) Degree in Engineering from University of Melbourne, Australia
2) Master Degree in Business Administration (MBA) from University of New South Wales, Australia
3) Member of the Institute of Engineers, Malaysia and a Professional Engineer of the Board of Engineers, Malaysia
Working experience and occupation: Mr Wong's experience in the engineering field included the design and construction of a power station and related installations, highrise building and hotels.
Directorship of public companies (if any): Nil
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: 2,048,380 ordinary shares
Remarks: This announcement is dated 29 June 2012
SCOMIMR - OTHERS
Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: SCOMI MARINE BHD
Stock Name: SCOMIMR
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: SCOMI MARINE BHD ("SMB" OR "COMPANY")
(I) PROPOSED SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 BETWEEN SMB, THE SHAREHOLDERS OF SMB AND A NEWLY INCORPORATED COMPANY ("NEWCO") INVOLVING THE EXCHANGE OF ORDINARY SHARES OF RM1.00 EACH IN SMB WITH NEW ORDINARY SHARES IN NEWCO ("NEWCO SHARES") ("PROPOSED SMB SCHEME");
(II) PROPOSED ACQUISITION BY NEWCO OF 100% EQUITY INTEREST IN SCOMI OILFIELD LIMITED ("PROPOSED ACQUISITION");
(III) PROPOSED EXEMPTION TO SCOMI GROUP BHD ("SGB") AND PERSONS ACTING IN CONCERT WITH IT (IF ANY) FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING NEWCO SHARES NOT ALREADY OWNED BY SGB AND PERSONS ACTING IN CONCERT WITH IT (IF ANY) UPON COMPLETION OF THE PROPOSED ACQUISITION; AND
(IV) PROPOSED ADMISSION OF NEWCO TO THE OFFICIAL LIST OF THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD UPON COMPLETION OF THE PROPOSED SMB SCHEME AND PROPOSED ACQUISITION
(COLLECTIVELY REFERRED TO AS "PROPOSED SMB RATIONALISATION")
(V) PROPOSED PLACEMENT OF NEW NEWCO SHARES TO INVESTORS TO BE IDENTIFIED ("PROPOSED PLACEMENT")
(THE PROPOSED SMB RATIONALISATION AND PROPOSED PLACEMENT ARE COLLECTIVELY REFERRED TO AS "PROPOSALS")
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: SCOMI MARINE BHD
Stock Name: SCOMIMR
Date Announced: 29/06/2012
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: SCOMI MARINE BHD ("SMB" OR "COMPANY")
(I) PROPOSED SCHEME OF ARRANGEMENT UNDER SECTION 176 OF THE COMPANIES ACT, 1965 BETWEEN SMB, THE SHAREHOLDERS OF SMB AND A NEWLY INCORPORATED COMPANY ("NEWCO") INVOLVING THE EXCHANGE OF ORDINARY SHARES OF RM1.00 EACH IN SMB WITH NEW ORDINARY SHARES IN NEWCO ("NEWCO SHARES") ("PROPOSED SMB SCHEME");
(II) PROPOSED ACQUISITION BY NEWCO OF 100% EQUITY INTEREST IN SCOMI OILFIELD LIMITED ("PROPOSED ACQUISITION");
(III) PROPOSED EXEMPTION TO SCOMI GROUP BHD ("SGB") AND PERSONS ACTING IN CONCERT WITH IT (IF ANY) FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING NEWCO SHARES NOT ALREADY OWNED BY SGB AND PERSONS ACTING IN CONCERT WITH IT (IF ANY) UPON COMPLETION OF THE PROPOSED ACQUISITION; AND
(IV) PROPOSED ADMISSION OF NEWCO TO THE OFFICIAL LIST OF THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD UPON COMPLETION OF THE PROPOSED SMB SCHEME AND PROPOSED ACQUISITION
(COLLECTIVELY REFERRED TO AS "PROPOSED SMB RATIONALISATION")
(V) PROPOSED PLACEMENT OF NEW NEWCO SHARES TO INVESTORS TO BE IDENTIFIED ("PROPOSED PLACEMENT")
(THE PROPOSED SMB RATIONALISATION AND PROPOSED PLACEMENT ARE COLLECTIVELY REFERRED TO AS "PROPOSALS")
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