September 14, 2012

Company announcements: THPLANT, AEONCR, WASEONG

THPLANT - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT  
Date Announced14 Sept 2012  
CategoryGeneral Announcement
Reference NoTP-120912-27133

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionLITIGATION CASES AGAINST A SUBSIDIARY OF TH PLANTATIONS BERHAD (“THP”)
The Board of Directors of THP (“the Board”) wishes to announce that THP Saribas Sdn. Bhd. (Company No. 154294–K) (“Saribas” or "the Company"), an 80% subsidiary company of THP currently have three (3) litigation cases involving Native Customary Rights (“NCR”) claims (“the Litigation Cases”). Details of the Litigation Cases are as follows:
1. Kuching Suit No. 21-2-2010-II
      Nyawai anak Guang & 2 Others versus Saribas, the Superintendent of Lands and Surveys Betong Division and the State Government of Sarawak
      This is a suit by three (3) individuals suing on behalf of themselves and other owners, occupiers and/or proprietors of Native Customary Rights (“NCR”) land from Kampung Rumah Rengan, Selambong Rumah Anau and Rumah Lakun, Entebu, Saratok, Betong, Sarawak (“the Plaintiffs”) situated within Provisional Lease Lot 410 Block 18 Awik-Krian Land District (“the PL”) together with Saribas as the 1st Defendant, the Superintendent of Lands and Surveys, Betong Division, Sarawak as the 2nd Defendant and the State Government of Sarawak as the 3rd Defendant for inter alia, the following orders :
      (a) A declaration that the Plaintiffs had created and/or acquired and/or inherited Native Title and/or NCR over areas within the PL;

      (b) A declaration that the Native Title and/or rights preclude Saribas from impairing and/or abridging the Plaintiffs’ said Native Title and/or NCR;

      (c) A declaration that the acts of the 2nd and 3rd Defendants in issuing the PL to Saribas, in so far as they impair the Plaintiffs’ NCR over the NCR land, is wrong and/or void;
      (d) A declaration that the issuance of the PL to Saribas, in as far as the extent of that area under the PL is unlawful, improper, unconstitutional and therefore null and void, for want of extinguishment of the Plaintiffs’ NCR over the said land;

      (e) A declaration that the area so included in the PL as claimed by the Plaintiffs as part of their NCR land, the same to be excised out of the area of land under the PL;

      (f) A prohibitory injunction restraining Saribas and/or their employees, servants and/or agents from trespassing, clearing, using or occupying the Plaintiff’s NCR land; and

      (g) Alternatively, a mandatory injunction against Saribas and/or their employees, servants and/or agents to cease operations and remove all structures and equipments or machineries from the Plaintiffs’ NCR land.


2. Sri Aman Suit No. SA-22-1-2011-I
      Agnes Dawong Anak Gurang & 69 Others versus the State Government of Sarawak, the Superintendent of Lands and Surveys Department Betong Division, the Registrar of Lands and Surveys of Sarawak and Saribas
      This is a suit by seventy (70) individuals suing on their own behalf as the proprietors of NCR land and parcels of land issued with Occupation Tickets for planting rubber (“the Plaintiffs”) situated within the same PL together with the State Government of Sarawak as the 1st Defendant, the Superintendent of Lands and Surveys Department, Betong Division, Sarawak as the 2nd Defendant, the Registrar of Lands and Surveys Department, Sarawak as the 3rd Defendant and Saribas as the 4th Defendant for, inter alia, the following orders :
      (a) A declaration that the Plaintiffs are the owners of the NCR land measuring over 1,760 acres or 712.2 hectares more or less which are situated within the PL;
        (b) An injunction against Saribas to restrain Saribas by themselves or their agents or servants from entering, trespassing, occupying, clearing and bulldozing the NCR land and from planting oil palms on the NCR land;
        (c) Alternatively, damages and/or compensation including damages for the continued trespassing and occupation of the NCR land against Saribas;
        (d) Alternatively, exemplary damages and/or compensation for the wanton and inhumane destruction of the Plaintiffs’ crops and properties on the NCR land against Saribas; and
        (e) Alternatively, against Saribas for the repossession of the NCR land.


    3. Sri Aman Suit No. SRA-1/3-2012
        Antah Anak Ujeh, Gasah Anak Degom, Guyong Anak Renang, Sanggat Anak Enggie & 32 Others versus the State Government of Sarawak, the Superintendent of Lands and Surveys Department, Betong Division and Saribas
        This is a suit by four (4) individuals suing on behalf of themselves and thirty two (32) other owners, occupiers and/or proprietors of NCR land from Rumah Sat, Muton, Debak, Betong, Sarawak (“the Plaintiffs”) situated within the PL together with the State Government of Sarawak as the 1st Defendant and the Superintendent of Lands and Surveys Department, Betong Division as the 2nd Defendant and Saribas as the 3rd Defendant for, inter alia, the following orders:
        (a) A declaration that the Plaintiffs are the owners of NCR land measuring 548.81 acres or 222 hectares more or less situated within the PL;
          (b) An injunction against Saribas to restrain Saribas by themselves or their agents or servants from entering, trespassing, occupying, clearing and bulldozing the NCR land and from planting oil palms on the NCR land;
          (c) Alternatively, damages and/or compensation including damages for the continued trespassing and occupation of the NCR land against Saribas;
          (d) Alternatively, exemplary damages and/or compensation for the wanton and inhumane destruction of the Plaintiffs’ crops and properties on the NCR land against Saribas; and
          (e) Alternatively, against Saribas for the repossession of the NCR land.


      The Board further wishes to inform that by a Sarawak Government Gazette Part II Vol. LXVI No. 14 dated 7 April 2011, parcels of land containing an area of 2,532.3 acres or 1,024.8 hectares and 2.49 acres or 1.01 hectares, more or less and described as Lots 489 and 490 Block 18 Awik-Krian Land District respectively and situated within the PL had been declared as Native Communal Reserve by an Order cited as the Native Communal (Agriculture) Reserve (No. 13) Order, 2011 and came into force on 19 August 2010. Based on the map, Lot 489 and Lot 490 are within Lot 410 which are also the areas being claimed in the Litigation Cases.

      The PL was registered under the name of Kenyalang Resources Sdn. Bhd. and the company was renamed as THP Saribas Sdn. Bhd. upon the successful acquisition of 80% shareholding in the Company by THP. The PL is approximately 2,600 hectares in size.

      By an application of the Company’s solicitors and by an order of the High Court at Sri Aman, Sarawak on 30 July 2012, all the Litigation Cases were ordered to be consolidated and tried jointly as all the litigation cases are over areas situated within the PL and further the areas claimed by the three Plaintiffs overlapped with one another. The matter has been fixed for further mention by the High Court on 12 October 2012.

      To date, the total cost of developing the areas within the PL is RM82,388,886.15. The total claims under the Litigation Cases encompassing the affected PL is 934.2 hectares out of total area of Saribas’s land of 10,390 hectares and therefore are not expected to have material financial and operational impact on the THP Group.

      The expected losses are not determinable as the Litigation Cases are still at the preliminary stages.

      To handle the Litigation Cases, Saribas had appointed Messrs. Hamzah & Ong Advocates (“the Solicitors”) to act on behalf of the Company. In addition, Messrs. Arthur Lee, Lin & Co and Messrs. Susanna Lim & Partners had also been appointed to assist the Solicitors in handling the Litigation Cases.

      Based on the facts of the Litigation Cases, the Company is of the view that it has a good defence to the claims of the Plaintiffs.

      Meanwhile, there has been an offer for out of court settlement from the Plaintiff’s solicitors for the Company to purchase outright the rights of the natives over their claimed areas. The Company is presently looking at the options of purchasing outright or for a joint venture arrangement with the natives over the affected areas. Nonetheless, Court proceedings still continue.

      Further development of the Litigation Cases will be announced to Bursa Malaysia from time to time.

      This announcement is dated 14 September 2012.


      AEONCR - Changes in Director's Interest (S135) - Krishnappan A/L S.P.S. Singaram

      Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Company NameAEON CREDIT SERVICE (M) BERHAD  
      Stock Name AEONCR  
      Date Announced14 Sept 2012  
      CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Reference NoCC-120914-CC04A

      Information Compiled By KLSE

      Particulars of Director

      NameKrishnappan A/L S.P.S. Singaram
      AddressA-3A-6, Villa Angsana
      Jalan Krian
      Taman Rainbow
      Off 4th Mile, Jalan Ipoh
      51150 Kuala Lumpur
      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)
      Others
      13/09/2012
      18,000
       

      Description of other type of transactionBonus issue on the basis of 1 share for every 5 shares of RM0.50 each held
      Circumstances by reason of which change has occurredIncrease in direct interest arising from the completion of the bonus issue
      Nature of interestDirect
      Consideration (if any) 

      Total no of securities after change

      Direct (units)108,000 
      Direct (%)0.075 
      Indirect/deemed interest (units)
      Indirect/deemed interest (%)
      Date of notice13/09/2012

      Remarks :
      The percentage of holding is based on the enlarged issued and paid-up share capital of 144,000,000 shares after the bonus issue.

      The notice was received by the Company on 14 September 2012.


      AEONCR - Changes in Director's Interest (S135) - Dato' Md Kamal Bin Ismaun

      Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Company NameAEON CREDIT SERVICE (M) BERHAD  
      Stock Name AEONCR  
      Date Announced14 Sept 2012  
      CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Reference NoCC-120914-D3BD0

      Information Compiled By KLSE

      Particulars of Director

      NameDato' Md Kamal Bin Ismaun
      AddressNo. 7 SS7/9
      Kelana Jaya
      47301 Petaling Jaya
      Selangor Darul Ehsan
      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)
      Others
      13/09/2012
      1,000
       

      Description of other type of transactionBonus issue on the basis of 1 share for every 5 shares of RM0.50 each held
      Circumstances by reason of which change has occurredIncrease in direct interest arising from the completion of the bonus issue
      Nature of interestDirect
      Consideration (if any) 

      Total no of securities after change

      Direct (units)6,000 
      Direct (%)0.004 
      Indirect/deemed interest (units)
      Indirect/deemed interest (%)
      Date of notice13/09/2012

      Remarks :
      The percentage of holding is based on the enlarged issued and paid-up share capital of 144,000,000 shares after the bonus issue.

      The notice was received by the Company on 14 September 2012.


      AEONCR - Changes in Director's Interest (S135) - Ng Eng Kiat

      Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Company NameAEON CREDIT SERVICE (M) BERHAD  
      Stock Name AEONCR  
      Date Announced14 Sept 2012  
      CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Reference NoCC-120914-36789

      Information Compiled By KLSE

      Particulars of Director

      NameNg Eng Kiat
      Address59 Medan Athinahapan 1
      Taman Tun Dr. Ismail
      60000 Kuala Lumpur
      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)
      Others
      13/09/2012
      2,000
       

      Description of other type of transactionBonus issue on the basis of 1 share for every 5 shares of RM0.50 each held
      Circumstances by reason of which change has occurredIncrease in direct interest arising from the completion of the bonus issue
      Nature of interestDirect
      Consideration (if any) 

      Total no of securities after change

      Direct (units)12,000 
      Direct (%)0.008 
      Indirect/deemed interest (units)
      Indirect/deemed interest (%)
      Date of notice13/09/2012

      Remarks :
      The percentage of holding is based on the enlarged issued and paid-up share capital of 144,000,000 shares after the bonus issue.

      The notice was received by the Company on 14 September 2012.


      AEONCR - Changes in Director's Interest (S135) - Clarence Chai

      Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Company NameAEON CREDIT SERVICE (M) BERHAD  
      Stock Name AEONCR  
      Date Announced14 Sept 2012  
      CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Reference NoCC-120914-D15D8

      Information Compiled By KLSE

      Particulars of Director

      NameClarence Chai
      AddressA1 31-07, Sri Putramas 2
      No. 1 Jalan Putramas,
      51200 Kuala Lumpur
      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)
      Others
      13/09/2012
      4,400
       

      Description of other type of transactionBonus issue on the basis of 1 share for every 5 shares of RM0.50 each held
      Circumstances by reason of which change has occurredIncrease in direct interest arising from the completion of the bonus issue
      Nature of interestDirect
      Consideration (if any) 

      Total no of securities after change

      Direct (units)26,400 
      Direct (%)0.018 
      Indirect/deemed interest (units)
      Indirect/deemed interest (%)
      Date of notice13/09/2012

      Remarks :
      The percentage of holding is based on the enlarged issued and paid-up share capital of 144,000,000 shares after the bonus issue.

      The notice was received by the Company on 14 September 2012.


      AEONCR - Changes in Director's Interest (S135) - Datuk Ramli Bin Ibrahim

      Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Company NameAEON CREDIT SERVICE (M) BERHAD  
      Stock Name AEONCR  
      Date Announced14 Sept 2012  
      CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Reference NoCC-120914-D5B10

      Information Compiled By KLSE

      Particulars of Director

      NameDatuk Ramli Bin Ibrahim
      Address15 Jalan Balau
      Damansara Heights
      50490 Kuala Lumpur
      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)
      Others
      13/09/2012
      32,000
       

      Description of other type of transactionBonus issue on the basis of 1 share for every 5 shares of RM0.50 each held
      Circumstances by reason of which change has occurredIncrease in direct interest arising from the completion of the bonus issue
      Nature of interestDirect
      Consideration (if any) 

      Total no of securities after change

      Direct (units)192,000 
      Direct (%)0.133 
      Indirect/deemed interest (units)
      Indirect/deemed interest (%)
      Date of notice13/09/2012

      Remarks :
      The percentage of holding is based on the enlarged issued and paid-up share capital of 144,000,000 shares after the bonus issue.

      The notice was received by the Company on 14 September 2012.


      AEONCR - Changes in Director's Interest (S135) - Tomoaki Saito

      Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Company NameAEON CREDIT SERVICE (M) BERHAD  
      Stock Name AEONCR  
      Date Announced14 Sept 2012  
      CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Reference NoCC-120914-E4080

      Information Compiled By KLSE

      Particulars of Director

      NameTomoaki Saito
      AddressB1-22-1 Park Tower,
      Solaris Dutamas
      No. 1 Jalan Dutamas
      50480 Kuala Lumpur
      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)
      Others
      13/09/2012
      2,000
       

      Description of other type of transactionBonus issue on the basis of 1 share for every 5 shares of RM0.50 each held
      Circumstances by reason of which change has occurredIncrease in direct interest arising from the completion of the bonus issue
      Nature of interestDirect
      Consideration (if any) 

      Total no of securities after change

      Direct (units)12,000 
      Direct (%)0.008 
      Indirect/deemed interest (units)
      Indirect/deemed interest (%)
      Date of notice13/09/2012

      Remarks :
      The percentage of holding is based on the enlarged issued and paid-up share capital of 144,000,000 shares after the bonus issue.

      The notice was received by the Company on 14 September 2012.


      AEONCR - Changes in Director's Interest (S135) - Yasuhiro Kasai

      Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Company NameAEON CREDIT SERVICE (M) BERHAD  
      Stock Name AEONCR  
      Date Announced14 Sept 2012  
      CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Reference NoCC-120914-CEA90

      Information Compiled By KLSE

      Particulars of Director

      NameYasuhiro Kasai
      AddressHampshire Park,
      A-6-4
      2 Persiaran Hampshire
      Off Jalan Ampang
      50450 Kuala Lumpur
      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)
      Others
      13/09/2012
      18,000
       

      Description of other type of transactionBonus issue on the basis of 1 share for every 5 shares of RM0.50 each held
      Circumstances by reason of which change has occurredIncrease in direct interest arising from the completion of the bonus issue
      Nature of interestDirect
      Consideration (if any) 

      Total no of securities after change

      Direct (units)108,000 
      Direct (%)0.075 
      Indirect/deemed interest (units)
      Indirect/deemed interest (%)
      Date of notice13/09/2012

      Remarks :
      The percentage of holding is based on the enlarged issued and paid-up share capital of 144,000,000 shares after the bonus issue.

      The notice was received by the Company on 14 September 2012.


      AEONCR - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

      Announcement Type: General Announcement
      Company NameAEON CREDIT SERVICE (M) BERHAD  
      Stock Name AEONCR  
      Date Announced14 Sept 2012  
      CategoryGeneral Announcement
      Reference NoCC-120914-38463

      TypeAnnouncement
      SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
      DEALINGS DURING CLOSED PERIOD
      Description
      Pursuant to Paragraphs 14.06(d) and 14.08(d) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Directors has notified on the changes of their direct and indirect interests in the securities of the Company, details as set out in Table 1 hereunder.

      This announcement is dated 14 September 2012.

      Table 1 – Ordinary Shares
      Name of Director
      Date Acquired
      Number of Shares Acquired
      % of Acquired Shares[1]
      Price per Share
      Yasuhiro Kasai
      13 September 2012
      18,000
      0.013
      Nil (Bonus Shares)
      Datuk Ramli Bin Ibrahim
      13 September 2012
      32,000
      0.022
      Ng Eng Kiat
      13 September 2012
      2,000
      0.0014
      Dato’ Md Kamal Bin Ismaun
      13 September 2012
      1,000
      0.0007
      Tomoaki Saito
      13 September 2012
      2,000
      0.0014
      Krishnappan A/L S.P.S. Singaram
      13 September 2012
      18,000
      0.013
      Clarence Chai
      13 September 2012
      4,400
      0.003

      [1] Based on the enlarged issued and paid-up share capital of 144,000,000 shares after the bonus issue.


      WASEONG - Notice of Shares Buy Back - Immediate Announcement

      Announcement Type: Notice of Shares Buy Back - Immediate Announcement
      Company NameWAH SEONG CORPORATION BERHAD  
      Stock Name WASEONG  
      Date Announced14 Sept 2012  
      CategoryNotice of Shares Buy Back - Immediate Announcement
      Reference NoCC-120914-2C43C

      Date of buy back14/09/2012
      Description of shares purchasedOrdinary shares of RM0.50 each
      CurrencyMalaysian Ringgit (MYR)
      Total number of shares purchased (units)70,000
      Minimum price paid for each share purchased ($$)1.750
      Maximum price paid for each share purchased ($$)1.750
      Total consideration paid ($$)123,027.25
      Number of shares purchased retained in treasury (units)70,000
      Number of shares purchased which are proposed to be cancelled (units)
      Cumulative net outstanding treasury shares as at to-date (units)2,909,449
      Adjusted issued capital after cancellation
      (no. of shares) (units)
      Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)0.375


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