September 4, 2012

Company announcements: SMPC, SILVER, KBB, HARVEST, SYCAL, NATWIDE

SMPC - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameSMPC CORPORATION BHD  
Stock Name SMPC  
Date Announced4 Sept 2012  
CategoryGeneral Announcement
Reference NoMM-120904-66504

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionSMPC CORPORATION BHD (“SMPC” OR “COMPANY”)

(I) PROPOSED ESOS
(II) PROPOSED SHARE BUY-BACK

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the earlier announcement, where applicable, unless stated otherwise or defined herein.

Reference is made to the announcement dated 30 August 2012.

On behalf of the Board of Directors of SMPC, Public Investment Bank Berhad wishes to announce that the Company has today submitted the listing application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for the listing of and quotation for the new ordinary shares of RM1.00 each in SMPC to be issued pursuant to the exercise of the options to be granted under the Proposed ESOS on the Main Market of Bursa Securities.

This announcement is dated 4 September 2012.



SILVER - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameSILVER BIRD GROUP BERHAD  
Stock Name SILVER  
Date Announced4 Sept 2012  
CategoryGeneral Announcement
Reference NoCC-120904-65576

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionSILVER BIRD GROUP BERHAD (“SBGB” or “the Company”)
Writ of Summons and Statement of Claim filed by KPF Quality Foods Sdn Bhd against Stanson Marketing Sdn Bhd
- High Court of Shah Alam Writ Summons No. 22NCVC-1053-08/2012
Further to the announcement made by the Company on 6 July 2012 in respect of the receipt of legal Notice of Demand from KPF Quality Foods Sdn Bhd, the Board of Directors of SBGB wishes to announce that Stanson Marketing Sdn Bhd (“SMSB”), a wholly-owned subsidiary of SBGB, has on 3 September 2012 been served with a Writ of Summons dated 29 August 2012 and Statement of Claim dated 17 August 2012 filed in the High Court of Shah Alam by KPF Quality Foods Sdn Bhd (the “Plaintiff”).
By the said suit, the Plaintiff claims a sum of RM24,322,145.00, purportedly being the outstanding amount due and owing to Plaintiff, plus interest thereon at the rate of 8% per annum calculated from 3 July 2012 until the date of judgment and interest at the rate of 5% per annum calculated from the date of judgment until the date of full settlement and costs.

The Directors of the Company are of the opinion that the amount claimed is not expected to have any financial or operational impact as such claims, if at all SCSB is liable for the same, is envisaged to be restructured pursuant to the regularisation plan being formulated for the Group.

The Company is advised that the Plaintiff is restrained from commencing or further proceeding with the said suit without leave of the Court by virtue of and in accordance with the restraining order pursuant to Section 176(10) of the Companies Act, 1965, which was granted by the High Court in favour of SCSB on 14 August 2012. The Company is also currently seeking legal advice with regards to the said suit.

The Company will make the necessary announcements on further developments of the above matter as and when necessary.

This announcement is dated 4 September 2012.


KBB - General Announcement

Announcement Type: General Announcement
Company NameKBB RESOURCES BERHAD  
Stock Name KBB  
Date Announced4 Sept 2012  
CategoryGeneral Announcement
Reference NoCC-120904-53079

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDGG-120903-36203
SubjectKBB RESOURCES BERHAD ("KBB" OR "THE COMPANY")
- APPOINTMENT OF MESSRS. CHI-LLTC (formerly known as LLTC) TO CONDUCT INVESTIGATIVE AUDIT ON KBB GROUP
DescriptionReference is made to the Company's announcement dated 30 August 2012.

The Board of Directors of the Company wishes to further announce that: -

1. The details of circumstances leading to the appointment of Messrs CHI-LLTC is Dato’ Sri Chin Seak Huat (JP)(“Dato' Sri Chin”) was appointed as the Group Managing Director of KBB in mid 2011 to drive the turnaround strategy of KBB. The new management led by Dato' Sri Chin took over the operation of KBB after both Dato’ Ang Cho Teing and Kenny Ang Chor Teng (“Old management”) had left the Group by 30 November 2011.

After much deliberation and still under the facilitation of Corporate Debt Restructuring Committee (“CDRC”), KBB’s One-off Settlement Proposal was approved on 30 March 2012 and the settlement agreement signed on 16 April 2012. The One-off Settlement has been completed on 27 June 2012.

Prior to the signing of the settlement agreement, KBB has also announced a proposed private placement which aims to raise additional funds for working capital purposes. After the release of KBB’s quarterly announcement as at 31 March 2012, Bursa Malaysia Securities Berhad (“Bursa”) has expressed their concerns in relation to the high trade receivable and inventory turnover periods. Bursa’s concern was escalated to KBB’s Board of Directors which had decided to appoint Messrs CHI – LLTC on 9 July 2012 to conduct a limited review to investigate the matter.

After Messrs CHI-LLTC has clarified the possible reasons leading the proposed write-off amounts for both trade receivables and inventories in their report, the Board had further decided to appoint Messrs CHI-LLTC to conduct an investigation audit on 30 August 2012.

2. Scope of work to be reviewed by Messrs CHI-LLTC is Three (3) relevant financial years from 1 January 2008 to 30 June 2012 encompassing investigation into reasons leading to the substantial reductions/write offs pertaining to property, plant and equipment, inventories and trade receivables of KBB.

3. Timeframe required to complete the investigative audit is approximately 12 weeks from date of appointment of Messrs CHI-LLTC.

4. Background information of Messrs CHI-LTTC is as follows: -

Founded in 1997, CHI-LLTC (Formerly known as LLTC) who has changed its name from LLTC to CHI-LLTC with effective from 15 August 2012.

CHI-LLTC is an independent member of CH International (Group) Limited, established under the Company’s Law of United Kingdom with affiliated offices worldwide. (its website : www.chint.org)

CHI-LLTC is a medium size chartered accountancy firm in Malaysia registered with the Ministry of Finance Malaysia as an approved company auditor and Audit Oversight Board (AOB). CHI-LLTC is a registered member firm of Malaysian Institute of Accountants (MIA). It was established as a result of the merger of several practices throughout Malaysia, some of which have been in operation for nearly twenty years.

CHI-LLTC has 7 offices operating throughout Malaysia, with a management team consisting of 5 partners and 7 principals, supported by around 130 professional staff.
Presently, our Firm has more than 2,000 corporate clientele includes Public Listed Company, oversea entities and Local Small & Medium Companies representing a cross section of major industries.

This announcement is made on 4 September 2012.
Query Letter Contents We refer to the Company's announcement dated 30 August 2012, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. Full details of the circumstances leading to the appointment of Messrs.
CHI-LLTC;
2. Full details of the scope of work to be reviewed by Messrs CHI-LLTC;
3. Timeframe required to complete the investigative audit; and
4. Background information of Messrs CHI-LLTC.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully



HENG TECK HENG
Head, Issuers
Listing Division
Regulation
HTH/TGG
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)



HARVEST - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced4 Sept 2012  
CategoryChange in Boardroom
Reference NoCC-120904-18B38

Date of change04/09/2012
NameWoo Mun Chee
Age59
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Qualifications1. Higher School Certificate (HSC)
2. Australian Matriculation
3. ACA (Professional Finalist)  
Working experience and occupation He has years of experience in the banking and financial industry. He has attached to a financial institution in Malaysia for more than twenty (20 ) years. Throughout the banking career, have resumed various job functions, from branch to head office operations, initially as an assistant accountant and promoted to assistant manager and subsequently to full managerial position.

At the time of resignation, he was holding the position as senior manager. In the capacity as a branch manager, the job involved the day to day operation and administration of the branch. He also headed various departments at the head office, namely credit and marketing, branches operations and loans supervision. Besides the banking experience, he was also having the experience in internal auditing in an established automobile manufacturing company as well as external auditing for two (2) and three (3) years respectively. 
Directorship of public companies (if any)Nil  
Family relationship with any director and/or major shareholder of the listed issuerNil  
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiaries18,0000 ordinary shares of RM0.25 each 


HARVEST - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced4 Sept 2012  
CategoryChange in Boardroom
Reference NoCC-120904-50502

Date of change04/09/2012
NameTan Choon Hwa (JMK, JP)
Age55
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
QualificationsHe gratuated from High School. He was awarded Pingat Bakti (P.B) in year 1992 and subsequently Justice of Peace (JP) in year 1994 and JMK in year 2010.  
Working experience and occupation He is a businessman with twenty (20) years of experiences in various industries such as timber, mining, international trading and, housing and land development. He is the Executive Chairman of TCH International Resources Group Sdn Bhd and TCH Vision Trading Corporation Sdn Bhd, executive director of Naim Indah Corporation Berhad, non-executive director of VTI Vintage Berhad and Aturmaju Resources Berhad and non-independent non-executive director of China Stationery Limited. He also holds directorships in Fonpoint Foncare Enterprise Sdn Bhd, Pasaraya Besar Bilal Sdn Bhd, Intergold Entity (M) Sdn Bhd, Intergold Nexus (M) Sdn Bhd, Linapro Sdn Bhd, Tok Aman Bali Beach Resort Sdn Bhd, Corak Anggerik Sdn Bhd, Bakat Mentari Sdn Bhd and Sri Uda Sdn Bhd. He holds other chairmanship in several associations, e.g. Persatuan Teo Chew Association.  
Directorship of public companies (if any)1. China Stationery Limited
2. VTI Vintage Berhad
3. Aturmaju Resoruces Berhad
4. Naim Indah Corporation Berhad  
Family relationship with any director and/or major shareholder of the listed issuerNil  
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


HARVEST - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced4 Sept 2012  
CategoryChange in Boardroom
Reference NoCC-120904-7F945

Date of change04/09/2012
NameNg Wai Han
Age41
NationalityMalaysian
Type of changeAppointment
DesignationExecutive Director
DirectorateExecutive
Qualifications1. American Degree Studies, P.J. Community College, Petaling Jaya

2. Bachelor of Science (Honors) Business Administration, The University of Montana, Montana, U.S.A  
Working experience and occupation 1996 - 1998
Fitters Holding Berhad -Business Development Executive

1998
Federal Express Services (M) Sdn. Bhd - Associate Account Executive and promoted to Account Executive in 1999

2001
Fritz Logistics Services (M) Sdn. Bhd. ( UPS-SCS )- Route Development Manager – Europe, Canada & Latin America. Promoted to Regional Manager – Southern Region in November 2002 and later promoted to as General Manager – Southern Region in April 2003. 
Directorship of public companies (if any)Nil  
Family relationship with any director and/or major shareholder of the listed issuerNil  
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


HARVEST - Changes in Director's Interest (S135) - Woo Mun Chee

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced4 Sept 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-120904-55279

Information Compiled By KLSE

Particulars of Director

NameWoo Mun Chee
AddressNo. 108, Jalan Sri Petaling 2 Bandar Baru Sri Petaling
57000 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary Shares of RM0.25 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
04/09/2012
18,000
 

Description of other type of transactionWoo Mun Chee was appointed as director of the Company with effect from 4 September 2012.
Circumstances by reason of which change has occurredDue to his appointment as director of the Company with effect from 4 September 2012
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)18,000 
Direct (%)0.01 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice04/09/2012


SYCAL - Changes in Sub. S-hldr's Int. (29B) - SYC Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSYCAL VENTURES BERHAD  
Stock Name SYCAL  
Date Announced4 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSV-120904-7554F

Particulars of substantial Securities Holder

NameSYC Holdings Sdn Bhd
AddressLot 4.03A, 4th Floor, Plaza Prima, 4 1/2 Miles Old Klang Road, 58200 Kuala Lumpur
NRIC/Passport No/Company No.831590V
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderLot 4.03A, 4th Floor, Plaza Prima, 4 1/2 Miles Old Klang Road, 58200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired30/08/2012
250,070
0.000 

Circumstances by reason of which change has occurredoff market acquisition
Nature of interestDirect
Direct (units)17,232,187 
Direct (%)5.38 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change17,232,187
Date of notice04/09/2012


SYCAL - Changes in Director's Interest (S135) - Dato' Seow Yong Chin

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSYCAL VENTURES BERHAD  
Stock Name SYCAL  
Date Announced4 Sept 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoSV-120904-7556D

Information Compiled By KLSE

Particulars of Director

NameDato' Seow Yong Chin
Address55, Jalan Nyaman 4, Happy Garden, Jalan Kelang Lama,
58200 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)
Acquired
30/08/2012
250,070
0.000 

Circumstances by reason of which change has occurredoff market acquisition of shares by SYC Holdings Sdn Bhd
Nature of interestIndirect
Consideration (if any)cash 

Total no of securities after change

Direct (units)18,826,145 
Direct (%)5.88 
Indirect/deemed interest (units)31,602,942 
Indirect/deemed interest (%)9.87 
Date of notice04/09/2012

Remarks :
Deemed interest through his equity interests in Cygal Holdings Sdn Bhd. and SYC Holdings Sdn Bhd


NATWIDE - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameNATIONWIDE EXPRESS COURIER SERVICES BERHAD  
Stock Name NATWIDE  
Date Announced4 Sept 2012  
CategoryGeneral Meetings
Reference NoNE-120903-62252

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionNOTICE IS HEREBY GIVEN THAT the 26th Annual General Meeting of Nationwide Express Courier Services Berhad will be held at Kelab Shah Alam, Jalan Akuatik, Seksyen 13, 40100 Shah Alam, Selangor Darul Ehsan on Wednesday, 26th September 2012 at 10.00 a.m. The full text of the notice of the AGM is attached herewith for your kind attention.
Date of Meeting26/09/2012
Time10:00 AM
VenueKELAB SHAH ALAM, JALAN AKUATIK, SEKSYEN 13,40100 SHAH ALAM, SELANGOR DARUL EHSAN
Date of General Meeting Record of Depositors01/10/2012

Attachments

AGM_ad.pdf
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