SILVER - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | SILVER BIRD GROUP BERHAD |
| Stock Name | SILVER |
| Date Announced | 3 Sept 2012 |
| Category | General Announcement |
| Reference No | CC-120828-34122 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | SILVER BIRD GROUP BERHAD ("SBGB" OR "THE COMPANY") Monthly Update on the status of the Company’s plan to comply with the obligation to regularise its condition pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“PN 17”) |
Further to the announcement made by the Company on 1 August 2012, the Board of Directors of SBGB wishes to inform that the Company is in the midst of formulating a plan to regularise the Company's financial condition ("Regularisation Plan"). The last day for submission of the Regularisation Plan by the Company to the relevant authorities would be by 28 February 2013, which is approximately 6 months from the date hereof. This announcement is dated 3 September 2012. | |
SILVER - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
| Company Name | SILVER BIRD GROUP BERHAD |
| Stock Name | SILVER |
| Date Announced | 3 Sept 2012 |
| Category | General Announcement |
| Reference No | CC-120828-33887 |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | SILVER BIRD GROUP BERHAD ("SBGB") Monthly Update on the status of its Default in Payment pursuant to Practice Note 1 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“PN 1”) |
In compliance with paragraph 3.2 of PN 1, the Board of Directors of SBGB wishes to inform that there has been no material development on the status as announced previously on 1 August 2012. This announcement is dated 3 September 2012. | |
KOSSAN - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | KOSSAN RUBBER INDUSTRIES BERHAD |
| Stock Name | KOSSAN |
| Date Announced | 3 Sept 2012 |
| Category | General Announcement |
| Reference No | KR-120903-51884 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | KOSSAN RUBBER INDUSTRIES BHD. (48166-W) (“KOSSAN” OR THE “COMPANY”) DISPOSAL OF 240,000 ORDINARY SHAES OF RM1.00 EACH IN HIBON CORPORATION SDN. BHD. (“HIBON”) (“SALE SHARES’), REPRESENTING 10% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF HIBON TO FLEXIBLE PRODUCTS CO. (“FLEXIBLE” OR “PURCHASER’) FOR A TOTAL CASH CONSIDERATION OF RM 960,000.00. |
1.������������� INTRODUCTION The Board of Directors of Kossan (“Board”) wishes to announce the disposal of 240,000 ordinary shares of RM1.00 each in �Hibon which represent 10% of �its total issued and paid-up shares� to Flexible (“Purchaser”), for a total cash consideration of RM960,000 (Ringgit Malaysia Nine Hundred and Sixty Thousand only)(“Sale Consideration”) as stated in the Sale and Purchase Agreement signed between the Company and the Purchaser. ��������� Currently, the Company holds 100% equity shares in Hibon. 2.������������� DETAILS OF THE DISPOSAL 2.1������������������� Information on Hibon Hibon was incorporated in �� ����������������������� The authorised share capital of Hibon is RM5,000,000 divided into 5,000,000 ordinary shares of RM1.00 each of which 2,400,000 ordinary shares has been issued and credited as fully paid-up. ����������� Hibon is principally involved in the manufacturing of rubber based products�� and its directors are Dato’ Lim Kuang Sia, Lim Kuang Yong and Lim Leng Bung . 2.2������������������� Information on Flexible (“Purchaser”) The Purchaser, Flexible Products Co.�was incorporated in the The� Purchaser is principally involved in the manufacturing� of injection moulded rubber components for the automotive industry. Flexible has a paid-up equity of United States Dollar 11,000,000.00. The directors are: 1)� Douglas Reid 2)� Glen Reid 3)� James Reid 4)� David Reid 5)� Sharon Grant 6)� Ron Dzierzawski 7)� Kathy Wlosinski 8)� Tom Dolan 2.3������������������� Basis of arriving at the The Sale Consideration was arrived at on a willing buyer – willing seller basis after taking into consideration the following: (i)����������������� The Audited Net Tangible Assets (NTA) of Hibon as at 31 December� 2011 amounted to �RM7,520,555. (ii)��������������� For the financial period 6 months ended 30 June 2012 , Hibon’s �unaudited NTA stood at ��RM8,236,084. 2.4����������������� Expected Gain or Loss to the Group The Group� will derive a gain on disposal of RM351,354 being the differential between the book value of the investment and the Sale Consideration on a� proportional basis. 2.5������������������ Liabilities to be Assumed There are no liabilities to be assumed by either party as the Sale Shares are free from encumbrances, trust, assignment or adverse claims. 2.6���������������� Original Cost and Date of Investment The original cost of investment of RM608,646 was made between July 2002 and March 2006. 3.������������������ SALIENT TERMS OF THE DISPOSAL �The salient terms and conditions of the disposal are set out below:- (i)����������������� The Purchase Consideration for the Sale Shares is RM960,000 to be settled wholly in cash. (ii)��������������� The parties mutually agree that the completion of the sale and purchase of the Sale Shares is when all the conditions as set out in clause 4 of the Share Sale Agreement are satisfied and upon full payment of the purchase consideration. (iii)�������������� The Purchaser shall have the option to purchase an additional 240,000 ordinary shares in Hibon at RM5.00 per share at any time prior to 1 April 2014. (iv)������������� Both the Purchase and the Vendor shall be at liberty to sell back or buy back the Sale Shares after 1 April 2014 by written notice 9 months in advance. The Agreed Buy back price shall be the purchase consideration (without �any interest) together with the after tax profits accumulated proportional to the investment period, payable within 30 days. 4.������������������ RATIONALE FOR THE DISPOSAL The disposal of the Sale Shares to Flexible, which is involved in similar business as Hibon, will��bring about closer co-operation and better sales. 5.������������������ RISK FACTORS The Board does not foresee any risk in relation to the Disposal. 6.������������������ FINANCIAL EFFECTS OF THE DISPOSAL 6.1��������������� Share Capital and substantial shareholder The disposal has no effect on the issued and paid-up share capital of Kossan and the Company’s substantial shareholders’ shareholding as the Sale Consideration is settled wholly in cash. 6.2��������������� Earnings The Disposal will have no material effect on the earnings of the Company save for the gain on disposal of RM351,354 for the financial year ending 31 December 2012. 6.3��������������� Net assets and gearing The Disposal will have no material effect on Kossan’s consolidated net assets and gearing. 6.4��������������� Utilisation of the The proceeds will be absorbed into the Company as working capital. 7.������������������ APPROVALS REQUIRED The Disposal is not subject to the approval of shareholders of the Company as the percentage ratio is less than 25% based on the disposal value against the Net Assets of the Company at 31 December 2011� (0.19%) or any regulatory authorities. 8.������������������ DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTEREST None of the Directors, substantial shareholders of Kossan and/or persons connected to them have any interest, direct or indirect, in the Disposal. 9.������������������ DIRECTORS’ OPINION The Directors of the Company, having considered all aspects of the Disposal including its rationale, are of the opinion that the Disposal is in the best interest of the Company and its shareholders. 10.�������������� HIGHEST PERCENTAGE RATIO APPLICABLE TO THE DISPOSAL PURSUANT TO PARAGRAPH 10.02(G) OF THE MMLR The highest percentage ratio applicable to the Disposal pursuant to Paragraph 10.02 (g) of the MMLR is 0.19% under the non-related party transactions. 11.�������������� ESTIMATED TIME FRAME� FOR COMPLETION The Disposal is completed at the SPA dated 3 September 2012. 12.�������������� DOCUMENTS FOR INSPECTION����� The Sale and Purchase Agreement is available for inspection at the registered office of the Company at Wisma Kossan, Lot 782 Jalan Sungai Putus, Off Batu 3 � Jalan Kapar, 42100 Klang during normal office hours on any weekday (except public holiday) for a period of one (1) month from the date of this announcement. � � This Announcement is dated 3 September 2012. � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � | |
SKPRES - Changes in Sub. S-hldr's Int. (29B) - RENOWN MILLION SDN BHD
| Company Name | SKP RESOURCES BHD |
| Stock Name | SKPRES |
| Date Announced | 3 Sept 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-120903-A51A1 |
Particulars of substantial Securities Holder
| Name | RENOWN MILLION SDN BHD |
| Address | NO. 5A JALAN ROTAN CUCUR, TAMAN SRI JAYA, 83000 BATU PAHAT, JOHOR |
| NRIC/Passport No/Company No. | 568595-U |
| Nationality/Country of incorporation | MALAYSIA |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF RM0.10 EACH |
| Name & address of registered holder | RENOWN MILLION SDN BHD NO. 5A JALAN ROTAN CUCUR, TAMAN SRI JAYA, 83000 BATU PAHAT, JOHOR |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 29/08/2012 | 7,000,000 | 0.375 |
| Disposed | 30/08/2012 | 6,000,000 | 0.375 |
| Disposed | 03/09/2012 | 6,000,000 | 0.375 |
SKPRES - Changes in Sub. S-hldr's Int. (29B) - DATO' GAN KIM HUAT
| Company Name | SKP RESOURCES BHD |
| Stock Name | SKPRES |
| Date Announced | 3 Sept 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-120903-A4F49 |
Particulars of substantial Securities Holder
| Name | DATO' GAN KIM HUAT |
| Address | S-5-3A SURIA STONOR, NO. 2 LORONG STONOR, 50450 KUALA LUMPUR |
| NRIC/Passport No/Company No. | 471215-01-5439 |
| Nationality/Country of incorporation | MALAYSIAN |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF RM0.10 EACH |
| Name & address of registered holder | RENOWN MILLION SDN BHD NO. 5A JALAN ROTAN CUCUR, TAMAN SRI JAYA, 83000 BATU PAHAT, JOHOR GRACEFUL ASSESSMENT SDN BHD NO. 5A JALAN ROTAN CUCUR, TAMAN SRI JAYA, 83000 BATU PAHAT, JOHOR |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 29/08/2012 | 9,575,500 | 0.375 |
| Disposed | 30/08/2012 | 8,193,900 | 0.375 |
| Disposed | 03/09/2012 | 6,884,800 | 0.375 |
SKPRES - Changes in Sub. S-hldr's Int. (29B) - GRACEFUL ASSESSMENT SDN BHD
| Company Name | SKP RESOURCES BHD |
| Stock Name | SKPRES |
| Date Announced | 3 Sept 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-120903-A527E |
Particulars of substantial Securities Holder
| Name | GRACEFUL ASSESSMENT SDN BHD |
| Address | NO. 5A JALAN ROTAN CUCUR, TAMAN SRI JAYA, 83000 BATU PAHAT, JOHOR |
| NRIC/Passport No/Company No. | 533055-V |
| Nationality/Country of incorporation | MALAYSIA |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF RM0.10 EACH |
| Name & address of registered holder | GRACEFUL ASSESSMENT SDN BHD NO. 5A JALAN ROTAN CUCUR, TAMAN SRI JAYA, 83000 BATU PAHAT, JOHOR |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 29/08/2012 | 2,575,500 | 0.375 |
| Disposed | 30/08/2012 | 2,193,900 | 0.375 |
| Disposed | 03/09/2012 | 884,800 | 0.375 |
SKPRES - Changes in Director's Interest (S135) - DATO' GAN KIM HUAT
| Company Name | SKP RESOURCES BHD |
| Stock Name | SKPRES |
| Date Announced | 3 Sept 2012 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-120903-A4E76 |
Information Compiled By KLSE
Particulars of Director
| Name | DATO' GAN KIM HUAT |
| Address | S-5-3A, SURIA STONOR, NO. 2, LORONG STONOR, 50450 KUALA LUMPUR |
| 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) |
Disposed | 9,575,500 | 0.375 | |
Disposed | 8,193,900 | 0.375 | |
Disposed | 6,884,800 | 0.375 |
| Circumstances by reason of which change has occurred | DISPOSAL OF 7,000,000 SHARES AND 2,575,500 SHARES IN OPEN MARKET BY RENOWN MILLION SDN BHD AND GRACEFUL ASSESSMENT SDN BHD RESPECTIVELY ON 29/08/2012 DISPOSAL OF 6,000,000 SHARES AND 2,193,900 SHARES IN OPEN MARKET BY RENOWN MILLION SDN BHD AND GRACEFUL ASSESSMENT SDN BHD RESPECTIVELY ON 30/08/2012 DISPOSAL OF 6,000,000 SHARES AND 884,800 SHARES IN OPEN MARKET BY RENOWN MILLION SDN BHD AND GRACEFUL ASSESSMENT SDN BHD RESPECTIVELY ON 03/09/2012 |
| Nature of interest | INDIRECT |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 106,188,376 |
| Direct (%) | 11.8 |
| Indirect/deemed interest (units) | 532,098,115 |
| Indirect/deemed interest (%) | 59.12 |
| Date of notice | 03/09/2012 |
| Remarks : |
| Deemed interested in Renown Million Sdn Bhd and Graceful Assessment Sdn Bhd, by virtue of Section 6A(4) of the Companies Act, 1965. This announcement also serves to comply with Paragraph 14.09(a) of the Main Market Listing Requirements ("MMLR") for dealings outside closed periods in addition to Paragraph 9.19(18) of MMLR. |
SCOMI - Notice of Interest Sub. S-hldr (29A) - Dato' Siew Mun Chuang
| Company Name | SCOMI GROUP BERHAD |
| Stock Name | SCOMI |
| Date Announced | 3 Sept 2012 |
| Category | Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965 |
| Reference No | SG-120903-64451 |
Particulars of Substantial Securities Holder
| Name | Dato' Siew Mun Chuang |
| Address | 22 Changkat Semantan 1 Semantan Villas, Bukit Damansara 50490 Kuala Lumpur |
| NRIC/Passport No/Company No. | 530910-10-6209 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Share of RM0.10 each |
| Name & address of registered holder | CIMSEC Nominees (Tempatan) Sdn Bhd CIMB for Siew Mun Chuang (Private Banking) 5th Floor, Bangunan CIMB, Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur CIMSEC Nominees (Tempatan) Sdn Bhd CIMB Bank for Siew Mun Chuan (MY 1275) 5th Floor, Bangunan CIMB, Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur |
TIENWAH - Change in Audit Committee
| Company Name | TIEN WAH PRESS HOLDINGS BERHAD |
| Stock Name | TIENWAH |
| Date Announced | 3 Sept 2012 |
| Category | Change in Audit Committee |
| Reference No | CC-120903-53068 |
| Date of change | 03/09/2012 |
| Name | Lim Meng Kwong |
| Age | 60 |
| Nationality | Malaysian |
| Type of change | Redesignation |
| Previous Position | Member of Audit Committee |
| New Position | Chairman of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | Member of the Malaysian Institute of Accountants ("MIA") and Master in Business Administration from the Cranfield Institute of Management, United Kingdom |
| Working experience and occupation | Mr Lim Meng Kwong is currently the Special Projects Director of a listed conglomerate and previously was the head of the Group Investment Division of the conglomerate holding the position as Senior General Manager . Prior to joining the listed conglomerate, he was working in the Corporate Finance Division in a leading local merchant bank and has various financial and audit experience both in Malaysia and the United Kingdom. |
| Directorship of public companies (if any) | Berjaya Assets Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | None |
| Any conflict of interests that he/she has with the listed issuer | None |
| Details of any interest in the securities of the listed issuer or its subsidiaries | None |
| Composition of Audit Committee (Name and Directorate of members after change) | 1) Mr Lim Meng Kwong - Independent Non-Executive Director (Chairman) 2) Mr Goh Seng Chuan - Independent Non-Executive Director (Member) 3) Mej. Jen (B) Datuk Abdul Kadir Bin Nordin - Non-Independent Non-Executive Director (Member) |
BONIA - Changes in Sub. S-hldr's Int. (29B) - Chiang Sang Sem
| Company Name | BONIA CORPORATION BERHAD |
| Stock Name | BONIA |
| Date Announced | 3 Sept 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | BC-120903-64124 |
Particulars of substantial Securities Holder
| Name | Chiang Sang Sem |
| Address | 23 Jalan Jaya Taman Midah, Cheras 56000 Kuala Lumpur |
| NRIC/Passport No/Company No. | 530619-04-5121 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | FREEWAY TEAM SDN BHD 4th Floor No. 62 Jalan Kilang Midah Taman Midah, Cheras 56000 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 28/08/2012 | 35,031,300 | 2.040 |
| Remarks : |
| Deemed interested through his substantial shareholdings in Freeway Team Sdn Bhd, Bonia Holdings Sdn Bhd, Kontrak Kosmomaz Sdn Bhd, SGP Investment Pte Ltd and Golden Shine Finance Limited by virtue of Section 6A of the Companies Act, 1965. |
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