September 25, 2012

Company announcements: INGENS, SPB, KNM, WCT, SUIWAH, PENSONI

INGENS - Changes in Sub. S-hldr's Int. (29B) - CHIN BOON LONG

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameINGENUITY SOLUTIONS BERHAD (ACE Market) 
Stock Name INGENS  
Date Announced25 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-120925-65551

Particulars of substantial Securities Holder

NameCHIN BOON LONG
AddressNo. 5, Jalan SL 8/11, Bandar Sungai Long, 43200 Selangor Darul Ehsan.
NRIC/Passport No/Company No.680709-01-5149
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of 10 Sen each
Name & address of registered holderCHIN BOON LONG
No. 5, Jalan SL 8/11, Bandar Sungai Long, 43200 Selangor Darul Ehsan.

Firstwide Success Sdn Bhd
28, Ground Floor, Persiaran Jubilee, Off Jalan Loke Yew, 55200 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired25/09/2012
5,120,000
0.095 

Circumstances by reason of which change has occurredOpen Market
Nature of interestDirect
Direct (units)70,920,732 
Direct (%)12.23 
Indirect/deemed interest (units)98,496,924 
Indirect/deemed interest (%)16.99 
Total no of securities after change169,417,656
Date of notice25/09/2012

Remarks :
98,496,924 shares (16.99%) - Deemed interest by virtue of his spouse (Chan Swee Ying) and his equity interests in Firstwide Success Sdn Bhd.


INGENS - Changes in Sub. S-hldr's Int. (29B) - CHAN SWEE YING

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameINGENUITY SOLUTIONS BERHAD (ACE Market) 
Stock Name INGENS  
Date Announced25 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-120925-B66D0

Particulars of substantial Securities Holder

NameCHAN SWEE YING
AddressNo. 5, Jalan SL 8/11, Bandar Sungai Long, 43200 Selangor Darul Ehsan.
NRIC/Passport No/Company No.720707-08-5024
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share of 10 Sen each
Name & address of registered holderFirstwide Success Sdn. Bhd.
28 Ground Floor, Persiaran Jubilee, Off Jalan Loke Yew, 55200 Kuala Lumpur.

Chin Boon Long
No. 5, Jalan SL 8/11, Bandar Sungai Long, 43200 Selangor Darul Ehsan.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired25/09/2012
5,120,000
0.095 

Circumstances by reason of which change has occurredOpen Market (Deemed interest)
Nature of interestIndirect interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)169,417,656 
Indirect/deemed interest (%)29.22 
Total no of securities after change169,417,656
Date of notice25/09/2012

Remarks :
98,496,924 shares (16.99%)- Deemed interest by virtue of her spouse and her equity interests in Firstwide Success Sdn. Bhd.

70,920,732 shares (12.23%) - Deemed interest by virtue of her spouse's interest in Ingenuity Solutions Berhad.


INGENS - Changes in Director's Interest (S135) - CHIN BOON LONG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameINGENUITY SOLUTIONS BERHAD (ACE Market) 
Stock Name INGENS  
Date Announced25 Sept 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-120925-66545

Information Compiled By KLSE

Particulars of Director

NameCHIN BOON LONG
AddressNo. 5, Jalan SL 8/11, Bandar Sungai Long, 43200 Selangor Darul Ehsan.
Descriptions(Class & nominal value)Ordinary shares of 10 Sen each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
25/09/2012
5,120,000
0.095 

Circumstances by reason of which change has occurredOpen Market
Nature of interestDirect
Consideration (if any)0.095 

Total no of securities after change

Direct (units)70,920,732 
Direct (%)12.23 
Indirect/deemed interest (units)98,496,924 
Indirect/deemed interest (%)16.99 
Date of notice25/09/2012

Remarks :
98,496,924 shares (16.99%) - Deemed interest by virtue of his spouse (Chan Swee Ying) and his equity interests in Firstwide Success Sdn Bhd.


SPB - Notice of Interest Sub. S-hldr (29A) - Kayin (M) Sdn Bhd

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameSELANGOR PROPERTIES BERHAD  
Stock Name SPB  
Date Announced25 Sept 2012  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCC-120925-61143

Particulars of Substantial Securities Holder

NameKayin (M) Sdn Bhd
AddressNo. 19-2 (2nd Floor), Jalan 1/57A, Batu 3, Jalan Ipoh, 51200 Kuala Lumpur
NRIC/Passport No/Company No.1007257-U
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderKayin Holdings Sdn Berhad of No. 19-2 (2nd Floor), Jalan 1/57A, Batu 3, Jalan Ipoh, 51200 Kuala Lumpur

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired21/09/2012
No of securities234,447,236
Circumstances by reason of which Securities Holder has interestDeemed interested by virtue of the interest in shares in Kayin Holdings Sdn Berhad and as per Note 1 below.
Nature of interestDeemed Interest
Price Transacted ($$)

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)234,447,236 
Indirect/deemed interest (%)68.23 
Date of notice25/09/2012

Remarks :
Note 1
Deemed interested by virtue of Kayin (M) Sdn Bhd's subscription into the new ordinary shares in Kayin Holdings Sdn Berhad, representing 90% of the shares in Kayin Holdings Sdn Berhad.


SPB - Changes in Director's Interest (S135) - Puan Sri Datin Chook Yew Chong Wen

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSELANGOR PROPERTIES BERHAD  
Stock Name SPB  
Date Announced25 Sept 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-120925-62236

Information Compiled By KLSE

Particulars of Director

NamePuan Sri Datin Chook Yew Chong Wen
Address33A, Jalan Balau, Damansara Heights, 50490 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary Shares of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
21/09/2012
234,447,236
 

Description of other type of transactionDeemed interested by virtue of her holdings the entire shares of Shanti (Kayin) Limited, Amita (Kayin) Limited, Manisha (Kayin) Limited and Lavani (Kayin) Limited, which together hold the entire shares of Kayin (M) Sdn Bhd, which in turn subscribe into 90% of the shares in Kayin Holdings Sdn Berhad and her direct holding of 9.99% of the shares in Kayin Holdings Sdn Berhad.
Circumstances by reason of which change has occurredAs above
Nature of interestDeemed Interest
Consideration (if any) 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)234,447,236 
Indirect/deemed interest (%)68.23 
Date of notice25/09/2012

Remarks :
Shanti (Kayin) Limited, Amita (Kayin) Limited, Manisha (Kayin) Limited and Lavani (Kayin) Limited are bare trustees.

The total of 234,447,236 Ordinary Shares of RM1.00 each are held as follows:

(i) 12,580,000 Ordinary Shares of RM1.00 each are registered in the name of Kayin Holdings Sdn Berhad; and
(ii) 221,867,236 Ordinary Shares of RM1.00 each are registered in the name of HSBC Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Kayin Holdings Sdn Berhad


SPB - Changes in Sub. S-hldr's Int. (29B) - Puan Sri Datin Chook Yew Chong Wen

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSELANGOR PROPERTIES BERHAD  
Stock Name SPB  
Date Announced25 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-120925-64448

Particulars of substantial Securities Holder

NamePuan Sri Datin Chook Yew Chong Wen
Address33A, Jalan Balau, Damansara Heights, 50490 Kuala Lumpur
NRIC/Passport No/Company No.221227-10-5034
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderKayin Holdings Sdn Berhad of No. 19-2 (2nd Floor), Jalan 1/57A, Batu 3, Jalan Ipoh, 51200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others21/09/2012
234,447,236
 

Description of other type of transactionDeemed interested by virtue of the interest in shares in Kayin Holdings Sdn Berhad and as per Note 1 below.
Circumstances by reason of which change has occurredAs above
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)234,447,236 
Indirect/deemed interest (%)68.23 
Total no of securities after change234,447,236
Date of notice25/09/2012

Remarks :
Note 1
Deemed interested by virtue of her holdings the entire shares of Shanti (Kayin) Limited, Amita (Kayin) Limited, Manisha (Kayin) Limited and Lavani (Kayin) Limited, which together hold the entire shares of Kayin (M) Sdn Bhd, which in turn subscribe into 90% of the shares in Kayin Holdings Sdn Berhad and her direct holding of 9.99% of the shares in Kayin Holdings Sdn Berhad.

Shanti (Kayin) Limited, Amita (Kayin) Limited, Manisha (Kayin) Limited and Lavani (Kayin) Limited are bare trustees.

The total of 234,447,236 Ordinary Shares of RM1.00 each are held as follows:

(i) 12,580,000 Ordinary Shares of RM1.00 each are registered in the name of Kayin Holdings Sdn Berhad; and
(ii) 221,867,236 Ordinary Shares of RM1.00 each are registered in the name of HSBC Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Kayin Holdings Sdn Berhad


KNM - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameKNM GROUP BERHAD  
Stock Name KNM  
Date Announced25 Sept 2012  
CategoryGeneral Announcement
Reference NoMI-120925-65967

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionKNM GROUP BERHAD (“KNM” OR “COMPANY”)

(A) PROPOSED RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF 488,920,659 NEW ORDINARY SHARES OF RM1.00 EACH IN KNM (“KNM SHARES”) (“RIGHTS SHARES”) AT AN ISSUE PRICE OF RM1.00 FOR EACH RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING KNM SHARES HELD AS AT AN ENTITLEMENT DATE TO BE DETERMINED LATER TOGETHER WITH 488,920,659 DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF ONE (1) WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED FOR (“PROPOSED RIGHTS ISSUE”);

(B) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY; AND

(C) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY

(COLLECTIVELY TO BE REFERRED TO AS “PROPOSALS”

We refer to the past announcements made in relation to the Proposals. On behalf of the Board of Directors of KNM (“Board”), RHB Investment Bank Berhad is pleased to announce the following:-

1. The issue price for the Rights Shares has been fixed at RM1.00, payable in full in the following manner:

(a) the first call price of RM0.40 per Rights Share shall be payable in full on application in cash (“First Call”); and
(b) the second call of RM0.60 per Rights Share shall be capitalised from the Company’s share premium account.

The subscribing entitled shareholders of KNM will not be required to make any further cash payment after the payment for the First Call.

2. The exercise price for the Warrants has been fixed at RM1.00 for every one (1) new KNM Share.

The issue price of RM1.00 per Rights Share, the First Call price of RM0.40 per Rights Share and the exercise price of RM1.00 per Warrant were determined by the Board after taking into consideration, among others, the theoretical ex-rights price (“TERP”) of KNM Shares of RM0.59, based on the 5-day volume weighted average market price (“VWAP”) of KNM Shares of RM0.69 per share up to and including 24 September 2012.

The First Call price of RM0.40 per Rights Share represent a discount of approximately 32% from the TERP of KNM Shares of RM0.59, based on the 5-day VWAP of KNM Shares of RM0.69 per share up to and including 24 September 2012.

The exercise price of RM1.00 per Warrant represent a premium of approximately 69% from the TERP of KNM Shares of RM0.59, based on the 5-day VWAP of KNM Shares of RM0.69 per share up to and including 24 September 2012.

This announcement is dated 25 September 2012.



WCT - Changes in Director's Interest (S135) - Choo Tak Woh

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced25 Sept 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoWW-120925-51376

Information Compiled By KLSE

Particulars of Director

NameChoo Tak Woh
Address7, Jalan PJU 1A/21A, Ara Damansara, 47301 Petaling Jaya
Descriptions(Class & nominal value)Ordinary Shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
25/09/2012
30,000
2.710 

Circumstances by reason of which change has occurredDisposal of Shares in the open market
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)273,112 
Indirect/deemed interest (%)0.03 
Date of notice25/09/2012

Remarks :
Disposal of Shares by spouse in the open market


SUIWAH - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameSUIWAH CORPORATION BERHAD  
Stock Name SUIWAH  
Date Announced25 Sept 2012  
CategoryGeneral Announcement
Reference NoCS-120925-2F906

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionSUIWAH CORPORATION BHD ("SCB" or "the Company")
(1) Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transaction of a revenue or trading nature; and
(2) Proposed Renewal of Shareholders’ Mandate to purchase the Company’s own shares of up to 10% of the issued and paid-up share capital of the Company.
(collectively referred to as “Proposals”)
1. INTRODUCTION

      The Board of Directors of SCB ("Board") wishes to announce that the Company proposes the following: -

      i) to seek the approval of the Company’s shareholders for the Company to enter into recurrent related party transactions of a revenue or trading nature; and
      ii) to renew the Shareholders’ mandate for the Company to purchase its own shares of up to 10% of the issued and paid-up share capital of the Company.

2. DETAILS OF THE PROPOSALS

      During the last Annual General Meeting (“AGM”) of SCB held on 30 November 2011, the shareholders had renewed its mandate to enable the Company to enter into the Recurrent Related Party Transactions of a revenue or trading nature and to purchase its own shares of up to 10% of the issued and paid-up share capital.


      The said shareholders’ mandate will expire at the conclusion of the forthcoming AGM of SCB.


      In respect of the above, the Board of Directors of SCB wishes to announce that the Company intends to seek the approval of its shareholders at the forthcoming AGM for passing the following motions under Special Business of its AGM: -

      i) Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transaction of a revenue or trading nature; and
      ii) Proposed renewal of authority for the Company to purchase its own shares of up to 10% of the issued and paid-up share capital of the Company.

      The Notice of AGM containing details of the above Proposals will be disclosed in the Circular to Shareholders which will be despatched to the shareholders of the Company together with its Annual Report 2012.

3. STATEMENT BY DIRECTORS

      The Board, having considered all aspects of the Proposals, is of the opinion that they are in the best interest of the shareholders and the Company.
This announcement is dated 25 September 2012.


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

Announcement Type: General Announcement
Company NamePENSONIC HOLDINGS BERHAD  
Stock Name PENSONI  
Date Announced25 Sept 2012  
CategoryGeneral Announcement
Reference NoPH-120925-59551

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPensonic Holdings Berhad (”PHB” or “the Company”)
Acquisition of 180,000 Ordinary Shares Representing 60% of The Equity Interest In Kollektion Haus (Austin) Sdn Bhd By The Company’s Wholly-Owned Sub-Subsidiary Company, Kollektion Distribution Sdn Bhd

Introduction

The Board of Directors of Pensonic Holdings Berhad (300426-P) (”PHB” or “the Company”) wishes to announce that its wholly-owned sub-subsidiary company, Kollektion Distribution Sdn Bhd (596854-A) (“KLD”), had on 21 September 2012 acquired 180,000 ordinary shares of RM1.00 each in Kollektion Haus (Austin) Sdn Bhd (980853-W) (“KH”) representing 60% of the equity interest in KH for a total cash consideration of RM180,000 ("the Acquisition") only.

Consequent upon the Acquisition, KH will become a sub-subsidiary of PHB.

Information of PHB

PHB is a company incorporated pursuant to the laws of Malaysia and having its’ registered address at 87, Muntri Street, 10200 Penang.

The Company is principally involved in Properties Owner & Investment Holdings.

The authorised share capital of PHB is RM100,000,000 comprising of 200,000,000 ordinary shares of RM0.50 each and the issued and paid-up share capital is RM46,310,000.

Information of KLD

KLD is a company incorporated pursuant to the laws of Malaysia and having its’ registered address at Suite 12A, Level 12, Menara Northam, No. 55, Jalan Sultan Ahmad Shah, 10050 Penang. KLD is wholly-owned subsidiary company of Pensonic Sales & Service Sdn Bhd (162419-M) (“PSS”) and PSS is a wholly-owned subsidiary company of PHB.

The Company is principally involved in distribution of home applicants.

The authorised share capital of KLD is RM100,000 comprising of 100,000 ordinary shares of RM1.00 each and the issued and paid-up share capital is RM100,000.

Information of KH

KH is a company incorporated pursuant to the laws of Malaysia and having its’ registered address at Suite 12A, Level 12, Menara Northam, No. 55, Jalan Sultan Ahmad Shah, 10050 Penang.

The Company is principally involved in distribution of home applicants.

The authorised share capital of KH is RM1,000,000 comprising of 1,000,000 ordinary shares of RM1.00 each and the issued and paid-up share capital is RM300,000.

Date and Original Cost of Acquisition

The original cost of Acquisition of KH was RM180,000. The investment was made on 21 September 2012. 

Financial Effects on The Acquisition

a) Share Capital and Substantial shareholders’ shareholdings

The Acquisition will have no effect on the share capital and substantial shareholders’ shareholdings in the Company.

b) Earnings

The Acquisition is not expected to have any material effect on the earnings per share of PHB for the financial year ending 31 May 2012.

c) Net Assets (“NA”)

The Acquisition will not have any material effect on the NA per share of PHB for the financial year ending 31 May 2012.

d) Gearing

The Acquisition is not expected to have any material effect on the gearing level of PHB for the financial year ending 31 May 2012.

Interest of Directors, Substantial Shareholders And Persons Connected To Such Directors And / Or Substantial Shareholders

None of the Directors and substantial shareholders of the Company and persons connected with them has any direct or indirect interest in the Acquisition.

Approval Required

The Acquisition is not subject to the approval of the shareholders of PHB and the relevant government authorities.

Directors’ Recommendation

The Board of Directors is of the opinion that the Acquisition is in the best interest of PHB.

This announcement is dated 25 September 2012. 



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