September 6, 2012

Company announcements: CIMBA40, CIMBC25, BENALEC, KNM, DESTINI, EMETALL, RPB, LEBTECH, WCT

CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced6 Sept 2012  
CategoryGeneral Announcement
Reference NoOB-120906-67663

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 06-Sep-2012
IOPV per unit (RM): 1.5845
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,550.05



CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced6 Sept 2012  
CategoryGeneral Announcement
Reference NoOB-120906-69550

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 06-Sep-2012
IOPV per unit (RM): 0.7973
Units in circulation (units): 13,650,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 14,150.79



BENALEC - General Announcement

Announcement Type: General Announcement
Company NameBENALEC HOLDINGS BERHAD  
Stock Name BENALEC  
Date Announced6 Sept 2012  
CategoryGeneral Announcement
Reference NoBH-120906-64161

TypeAnnouncement
SubjectOTHERS
DescriptionBENALEC HOLDINGS BERHAD (“BENALEC” OR “THE COMPANY”)
DEVELOPMENT AGREEMENTS BETWEEN

1. SPEKTRUM KUKUH SDN BHD, A 70% OWNED-SUBSIDIARY OF TANJUNG PIAI MARITIME INDUSTRIES SDN. BHD., WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BENALEC SDN. BHD., WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BENALEC ("SKSB"), AND

2. SPEKTRUM BUDI SDN BHD, A 70% OWNED-SUBSIDIARY OF PENGERANG MARITIME INDUSTRIES SDN. BHD., WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BENALEC SDN. BHD., WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BENALEC ("SBSB"), WITH

THE STATE GOVERNMENT OF JOHOR DARUL TA’ZIM AND THE STATE SECRETARY, JOHOR (INCORPORATED)

The Board of Directors of Benalec wishes to announce that on 6 September 2012, the following subsidiaries of the Comnpany had entered into the following:-

(i) a Development Agreement ("DA") between SKSB, the State Government of Johor Darul Ta'zim ("the State Government") and the State Secretary,�Johor (Incorporated) ("S.S.I."); and

(ii) a�DA between SBSB, the State Government of Johor Darul Ta'zim ("the State Government") and the State Secretary,�Johor (Incorporated) ("S.S.I.").��

The details of the�DAs are�set out in the attachments herein.

This announcement is dated 6 September 2012.�



KNM - General Announcement

Announcement Type: General Announcement
Company NameKNM GROUP BERHAD  
Stock Name KNM  
Date Announced6 Sept 2012  
CategoryGeneral Announcement
Reference NoKG-120906-68679

TypeAnnouncement
SubjectOTHERS
DescriptionProposed Listing of BORSIG Beteiligungsverwaltungsgesellschaft mbH (“BORSIG”) and its related entities on the MAIN BOARD of Singapore Exchange Securities Trading Limited (“SGX-ST”)
On behalf of the Board of Directors of KNM Group Berhad (“KNM” or “Company"), the Company is pleased to announce that it has today, 6 September 2012, approved the appointment of UOB Bank Limited (“UOB Bank”) as the sole Manager, Underwriter and the Placement Agent for the proposed listing of BORSIG, a wholly owned subsidiary of KNM, on the Main Board of SGX-ST. (the “Proposed Listing”)
The Proposed Listing will be subject to the approval of the shareholders of KNM and compliance with the rules and regulations of Bursa Malaysia Securities Berhad (“Bursa Securities”) and, where applicable, Securities Commission Malaysia (“SC”). KNM will be appointing its own advisor in Malaysia for the above purpose.

The Company expects the Proposed Listing to be launched in 2013 with an indicative valuation for BORSIG of between RM1.8 billion – RM1.9 billion.

Borsig was acquired in 2008 for approximately RM1.7 billion.

The Company shall in due course make further announcements on the progress and status of the Proposed Listing as may be required by Bursa Malaysia Securities Berhad's Main Market Listing Requirements.

This announcement is dated 6 September 2012.


DESTINI - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN

Announcement Type: General Announcement
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced6 Sept 2012  
CategoryGeneral Announcement
Reference NoOI-120906-61669

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
DescriptionDESTINI BERHAD (FORMERLY KNOWN AS SATANG HOLDINGS BERHAD) ("DESTINI" OR THE "COMPANY")

I. CAPITAL REDUCTION;

II. RIGHTS ISSUE;

III.CAPITALISATION;

IV. EXEMPTION; AND

V. AMENDMENT

(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Corporate Exercises.
We refer to the announcements made by OSK Investment Bank ("OSK"), on behalf of the Board of Directors of Destini ("Board") on 10 March 2011, 23 March 2011, 26 September 2011, 17 February 2012, 31 May 2012, 25 June 2012, 29 June 2012, 27 July 2012 and 10 August 2012.
    On behalf of the Board, OSK wishes to announce that as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 29 August 2012, the total acceptances and excess applications for the Rights Issue were 396,189,967 Rights Shares, which represents an over-subscription of 98.09% over the total number of 200,000,000 Rights Shares available for subscription under the Rights Issue.
      The details of the acceptances and excess applications received as at the close of acceptance and payment for the Rights Issue as at 5.00 p.m. on 29 August 2012 are set out below:-


      No. of Rights Shares
      %
      Acceptances
      174,576,467
      87.28
      Excess applications
      221,613,500
      110.81
      Total acceptances and excess applications
      396,189,967
      198.09
      Total Rights Shares available for subscription
      200,000,000
      100.00
      Over-subscription
      196,189,967
      98.09
        The Board has applied the following basis in allocating the Excess Rights Shares, in accordance with the Abridged Prospectus dated 10 August 2012:-
          i. firstly, to minimise the incidence of odd lots;
            ii. secondly, for all allocation to Entitled Shareholders who have applied for Excess Rights Shares on a pro-rata basis and in board lots, calculated based on their respective shareholdings in the Company as at the Entitlement Date; and
              iii. finally, for allocation to Entitled Shareholders and/ or their renouncee(s) (if applicable) who have applied for Excess Rights Shares on a pro-rata basis, calculated based on the quantum of Excess Rights Shares applied for.

              This announcement is dated 6 September 2012.


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

              Announcement Type: General Announcement
              Company NameEONMETALL GROUP BERHAD  
              Stock Name EMETALL  
              Date Announced6 Sept 2012  
              CategoryGeneral Announcement
              Reference NoCC-120906-44292

              TypeAnnouncement
              SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
              RELATED PARTY TRANSACTIONS
              DescriptionEONMETALL GROUP BERHAD (“EONMETALL” OR “THE COMPANY”)

              - PROPOSED ACQUISITION BY EONCHEM BIOMASS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EONMETALL, OF A PARCEL OF AN INDUSTRIAL LAND HELD UNDER TITLE NO. GM 390, LOT NO. 391, MUKIM 12, DAERAH SEBERANG PERAI SELATAN, PULAU PINANG, BUT EXCLUDING THE BUILDINGS AND SITE IMPROVEMENTS ERECTED THEREON, FROM ASTRAL DRAGON SDN BHD FOR A CASH CONSIDERATION OF RM7,673,782.74; AND

              - PROPOSED DISPOSAL BY EONMETALL SYSTEMS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EONMETALL, OF A PARCEL OF AN INDUSTRIAL LAND TOGETHER WITH AN ALMOST COMPLETED SINGLE-STOREY DETACHED FACTORY WITH AN OFFICE ERECTED THEREON HELD UNDER TITLE NO. GRN 77765, LOT NO. 1596, MUKIM 12, DAERAH SEBERANG PERAI SELATAN, PULAU PINANG, TO LEADER STEEL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF LEADER STEEL HOLDINGS BERHAD FOR A CASH CONSIDERATION OF RM12,100,000.00

              The Board of Directors of Eonmetall wishes to announce the following:

              1. Eonchem Biomass Sdn Bhd, a wholly-owned subsidiary of Eonmetall, had on 6 September 2012, entered into a conditional sale and purchase agreement with Astral Dragon Sdn Bhd for the acquisition of a parcel of an industrial land measuring approximately 39,606.58 square metres (or equivalent to approximately 426,321.68 square feet or 3.96 hectares) held under Title No. GM 390, Lot No. 391, Mukim 12, Daerah Seberang Perai Selatan, Pulau Pinang, but excluding the buildings (which comprise a single-storey factory, a palm fibre oil extraction plant, a single-storey warehouse and a boiler house) and site improvements (which include clearing and levelling of the land, drainage, fencing and gate, paving and etc.) erected thereon, situated in a locality known as Kawasan Perindustrian Valdor (also known as Kawasan Perusahaan Valdor), Sungai Bakap, Pulau Pinang, for a cash consideration of RM7,673,782.74 ("Proposed Acquisition"); and

              2. Eonmetall Systems Sdn Bhd, a wholly-owned subsidiary of Eonmetall, had on 6 September 2012, entered into a conditional sale and purchase agreement with Leader Steel Sdn Bhd, a wholly-owned subsidiary of Leader Steel Holdings Berhad, for the disposal of a parcel of an industrial land together with an almost completed single-storey detached factory with an office erected thereon measuring approximately 39,250.05 square metres (or equivalent to approximately 422,484.02 square feet or 3.93 hectares) held under Title No. GRN 77765, Lot No. 1596, Mukim 12, Daerah Seberang Perai Selatan, Pulau Pinang, situated in a locality known as Kawasan Perindustrian Valdor (also known as Kawasan Perusahaan Valdor), Sungai Bakap, Pulau Pinang, for a cash consideration of RM12,100,000.00 ("Proposed Disposal").

              Further details on the Proposed Acquisition and the Proposed Disposal are attached herein.


              This announcement is dated 6 September 2012.



              RPB - PDF Submission

              Announcement Type: PDF Submission
              Company NameRELIANCE PACIFIC BERHAD  
              Stock Name RPB  
              Date Announced6 Sept 2012  
              CategoryPDF Submission
              Reference NoRP-120905-36882

              SubjectPart A - Share Buy-Back Statement in relation to the Proposed Renewal of Share Buy-Back Authority; and

              Part B - Circular to Shareholders in relation to the Proposed Renewal of Shareholders' Mandate on Recurrent Related Party Transactions of a revenue or trading nature


              LEBTECH - PROVISION OF FINANCIAL ASSISTANCE

              Announcement Type: General Announcement
              Company NameLEBTECH BERHAD  
              Stock Name LEBTECH  
              Date Announced6 Sept 2012  
              CategoryGeneral Announcement
              Reference NoLL-120906-64298

              TypeAnnouncement
              SubjectPROVISION OF FINANCIAL ASSISTANCE
              DescriptionPursuant to Paragraph 8.23(1)(ii) and Practice Note 11 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of LEBTECH wishes to announce that the financial assistance provided as at 30 June 2012 to facilitate the ordinary course of business of LEBTECH Group is set out in the table below.

              The provision of the financial assistance did not have any material effect on the earnings and net assets of LEBTECH Group, and did not have any effect on the share capital of LEBTECH.

              Financial assistance provided by the Company/subsidiary company

              Type of financial assistance

              Aggregate Amount

              RM'000

              1.

              Lebtech Construction Sdn Bhd - a wholly owned subsidiary of LEBTECH

              Payment Guarantees in the form of Bank Guarantees

              100



              WCT - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

              Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
              Company NameWCT BERHAD  
              Stock Name WCT  
              Date Announced6 Sept 2012  
              CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
              Reference NoWW-120906-7E503

              Particulars of substantial Securities Holder

              NameEmployees Provident Fund Board
              AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
              NRIC/Passport No/Company No.EPFACT1991
              Nationality/Country of incorporationMalaysia
              Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
              Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (94,974,674 Shares)
              Employees Provident Fund Board (1,497,500 Shares)
              Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (KIB)(2,744,700 Shares)
              Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board(HDBS)(5,455,300 Shares)
              Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (RHB INV) (1,519,000 Shares)
              Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (MAYBAN) (700,000 Shares)
              Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ALLIANCE INV) (2,250,000 Shares)
              Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) (3,180,000 Shares)
              Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (PHEIM) (2,448,723 Shares)
              Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) (25,900 Shares)
              Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ARIM) (1,000,000 Shares)

              Details of changes

              Currency: Malaysian Ringgit (MYR)

              Type of transactionDate of change
              No of securities
              Price Transacted (RM)
              Acquired03/09/2012
              250,000
               

              Circumstances by reason of which change has occurredAcquisition of shares
              Nature of interestDirect
              Direct (units)115,795,797 
              Direct (%)14.07 
              Indirect/deemed interest (units) 
              Indirect/deemed interest (%) 
              Total no of securities after change115,795,797
              Date of notice06/09/2012

              Remarks :
              Form 29B dated 4 September 2012 was received on 6 September 2012.


              WCT - MULTIPLE PROPOSALS

              Announcement Type: General Announcement
              Company NameWCT BERHAD  
              Stock Name WCT  
              Date Announced6 Sept 2012  
              CategoryGeneral Announcement
              Reference NoOI-120906-51129

              TypeAnnouncement
              SubjectMULTIPLE PROPOSALS
              DescriptionWCT BERHAD ("WCT" OR THE "COMPANY")

              (I) PROPOSED BONUS ISSUE OF SHARES;
              (II) PROPOSED BONUS ISSUE OF WARRANTS;
              (III) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
              (IV) PROPOSED AMENDMENT

              (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
              On behalf of the Board of Directors of WCT ("Board"), OSK Investment Bank Berhad ("OSK") wishes to announce that the Company proposes to undertake the following:-
              (i) a proposed bonus issue of up to 180,255,280 new ordinary shares of RM0.50 each in WCT ("WCT Share(s)" or "Share(s)") ("Bonus Share(s)") to be credited as fully paid-up on the basis of three (3) Bonus Shares for every twenty (20) existing WCT Shares held on an entitlement date to be determined later ("Entitlement Date") ("Proposed Bonus Issue of Shares");
                (ii) a proposed bonus issue of up to 240,340,373 free warrants in WCT ("Warrant(s) D") on the basis of one (1) Warrant D for every five (5) WCT Shares held on the Entitlement Date ("Proposed Bonus Issue of Warrants");

                (iii) a propose increase in the authorised share capital of WCT from RM800,000,000 comprising 1,400,000,000 WCT Shares and 1,000,000,000 preference shares of RM0.10 each to RM1,100,000,000 comprising 2,000,000,000 WCT Shares and 1,000,000,000 preference shares of RM0.10 each ("Proposed Increase in Authorised Share Capital"); and
                  (iv) a proposed amendment to the Memorandum of Association of WCT ("Proposed Amendment")

                  Further details on the Proposals are set out in the attachment.

                  This announcement is dated 6 September 2012.


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