November 27, 2012

Company announcements: ABLEGRP, NICE, CAELY, DESTINI, HOVID, FAVCO, SIGN, TEOSENG

ABLEGRP - Quarterly rpt on consolidated results for the financial period ended 30/9/2012

Announcement Type: Financial Results
Company NameABLEGROUP BERHAD  
Stock Name ABLEGRP  
Date Announced27 Nov 2012  
CategoryFinancial Results
Reference NoCC-121127-2D9C8

Financial Year End31/12/2012
Quarter3
Quarterly report for the financial period ended30/09/2012
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2012
30/09/2011
30/09/2012
30/09/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
1,783
6,677
6,810
17,296
2Profit/(loss) before tax
-2,519
-4,989
-6,029
-9,747
3Profit/(loss) for the period
-2,519
-4,989
-6,029
-9,747
4Profit/(loss) attributable to ordinary equity holders of the parent
-2,519
-4,989
-6,029
-9,747
5Basic earnings/(loss) per share (Subunit)
-0.95
-3.07
-2.36
-5.99
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.1900
0.2800

Remarks :
The revenue is based on the continuing operations and discontinued operation as disclosed in Note B1 of the 3rd Quarterly Report 2012.
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


NICE - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameNICHE CAPITAL EMAS HOLDINGS BERHAD  
Stock Name NICE  
Date Announced27 Nov 2012  
CategoryChange in Boardroom
Reference NoCC-121126-63192

Date of change27/11/2012
NameYap Chee Keong
Age57
NationalityMalaysian
DesignationManaging Director
DirectorateExecutive
Type of changeResignation
ReasonFollowing the divestment of his entire interest in shares,Mr.Yap tendered his resignation in order to pursue other opportunities and personal interests that may prevent him from allocating adequate time and commitment for the Company. The Board has accepted his resignation with regret.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsMr Yap holds a Bachelor of Arts (First Class Honours) degree in Economics from the University of Leeds, United Kingdom (1978). He is also a Chartered Accountant of the Institute of Chartered Accountants of Scotland (1981). 
Working experience and occupation Mr Yap has auditing experience in England from 1978 to 1981. He also has extensive financial experience gained from his career in merchant banking from 1981 to 1997 with Bumiputra Merchant Bankers Berhad. Mr Yap is now a Financial Adviser and Company Director. He had served as director of several public listed companies. 
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 issuer 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest in NICE - 23,148,450 warrants 


NICE - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameNICHE CAPITAL EMAS HOLDINGS BERHAD  
Stock Name NICE  
Date Announced27 Nov 2012  
CategoryChange in Boardroom
Reference NoCC-121123-58674

Date of change27/11/2012
NameMah Weng Kee
Age50
NationalityMalaysian
Type of changeAppointment
DesignationManaging Director
DirectorateExecutive
QualificationsBachelor of Arts Degree, York University, Toronto, Canada 
Working experience and occupation Mah Weng Kee returned to Malaysia upon graduation and joined Malaysia Packaging Industries Sdn. Bhd.

In 1991, he joined Wah Chan Group of companies as a Business Development Manager. This would be his first foray into the gold and luxury goods industry. After his accomplishment in Wah Chan he joined Woo Hing Brothers Berhad as a general manager before being appointed as the managing director until 2003.

His experience in the gold and luxury goods industry coupled had led him to buy out Woo Hing’s luxury goods and watches division in 2004. The venture was run privately together with Sisma Group where he is the Executive Director of Woo Hing KL Sdn Bhd where he continues his work in the industry until 2011. 
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 


CAELY - Quarterly rpt on consolidated results for the financial period ended 30/9/2012

Announcement Type: Financial Results
Company NameCAELY HOLDINGS BHD  
Stock Name CAELY  
Date Announced27 Nov 2012  
CategoryFinancial Results
Reference NoCC-121126-51778

Financial Year End31/03/2013
Quarter2
Quarterly report for the financial period ended30/09/2012
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2012
30/09/2011
30/09/2012
30/09/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
22,729
15,959
43,851
28,965
2Profit/(loss) before tax
576
609
766
-1,732
3Profit/(loss) for the period
426
623
673
-1,686
4Profit/(loss) attributable to ordinary equity holders of the parent
426
623
673
-1,686
5Basic earnings/(loss) per share (Subunit)
0.50
0.80
0.80
-2.10
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.8000
0.8000
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


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

Announcement Type: General Announcement
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced27 Nov 2012  
CategoryGeneral Announcement
Reference NoOS-121127-47637

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionDESTINI BERHAD (“DESTINI” OR “THE COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO 33,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN DESTINI, REPRESENTING TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DESTINI TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED (“PROPOSED PRIVATE PLACEMENT”)

On behalf of the Board of Directors of Destini, M&A Securities Sdn Bhd wishes to announce that the Company proposes to implement a private placement of up to 33,000,000 new ordinary shares of RM0.10 each in Destini, representing ten percent (10%) of the issued and paid-up share capital of the Company, to independent third party investor(s) to be identified (“Proposed Private Placement”).

Further details of the Proposed Private Placement are set out in the attachment enclosed herein.

This announcement is dated 27 November 2012.



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

Announcement Type: General Announcement
Company NameHOVID BERHAD  
Stock Name HOVID  
Date Announced27 Nov 2012  
CategoryGeneral Announcement
Reference NoCL-121127-52577

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionHOVID BERHAD
- DEALINGS IN LISTED SECURITIES BY DIRECTOR DURING CLOSED PERIOD

Further to the announcement made on 2 November 2012 pertaining to the abovementioned matter and pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Hovid�Berhad ("Hovid") wishes to notify that Mr Ho Sue San @ David Ho Sue San, the�Managing Director and Chairman of Hovid has disposed ordinary shares of Hovid.� Details of the transaction are set out in the table below:-

Date Transacted

Type of Securities

Total No. of Securities held before change

No. of Securities

Disposed

Percentage of Securities Disposed

Consideration

Total No. of Securities held after change

Percentage of Securities after change

23.11.2012

Ordinary shares of RM0.10 each

336,439,880 (Direct)

(20,000,000)

2.62%

RM5,000,000.00

316,439,880 (Direct)

41.52%

Remarks:�� Amendment has been made to above announcement which was announced to Bursa Malaysia Securities Berhad on 26 November 2012 by inserting the information on consideration of the securities disposed to the above table.


(This amended announcement is dated 27 November 2012.)



FAVCO - Changes in Director's Interest (S135) - Mazlan bin Abdul Hamid

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameFAVELLE FAVCO BERHAD  
Stock Name FAVCO  
Date Announced27 Nov 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-121127-50656

Information Compiled By KLSE

Particulars of Director

NameMazlan bin Abdul Hamid
AddressNo. 2A, Jalan Anggerik Oncidium 31/80C, Kota Kemuning, 40460 Shah Alam, 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)
Disposed
19/11/2012
28,100
1.660 
Disposed
20/11/2012
12,000
1.660 
Disposed
23/11/2012
10,900
1.672 

Circumstances by reason of which change has occurredDisposal of shares in the open market
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)2,064,000 
Direct (%)0.974 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice27/11/2012

Remarks :
This announcement also serves as a notification pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The above disposal of 51,000 ordinary shares represents 0.024% of the issued and paid-up capital of the Company.


SIGN - Annual Report 2012

Announcement Type: Document Receipt
Company NameSIGNATURE INTERNATIONAL BERHAD  
Stock Name SIGN  
Date Announced27 Nov 2012  
CategoryDocument Receipt
Reference NoJM-121127-59354

Annual Report for Financial Year Ended30/06/2012
SubjectAnnual Report 2012


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

Announcement Type: General Announcement
Company NameTEO SENG CAPITAL BERHAD  
Stock Name TEOSENG  
Date Announced27 Nov 2012  
CategoryGeneral Announcement
Reference NoTS-121127-34427

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionSALE AND PURCHASE AGREEMENT ("SPA") BETWEEN MR. LIM MENG BIN AND MR. NG ENG LENG AND SUCCESS CENTURY SDN BHD (346210-A) ("SCSB"), A WHOLLY OWNED SUBSIDIARY OF TEO SENG CAPITAL BERHAD ("TEO SENG" OR "THE COMPANY") FOR THE ACQUISITION OF A PIECE VACANT FREEHOLD LAND HELD UNDER PLOT F OF LOT 70, MUKIM TJ. SEMBRONG, DISTRICT OF BATU PAHAT, JOHOR MEASURING IN AREA APPROXIMATELY 4.2387 ACRES FOR A TOTAL PROPOSED CASH CONSIDERATION OF RM1,876,430-00.

Further to the Memorandum of Understanding ("MOU") dated 10 January 2012 entered between Mr. Lim Meng Bin and Mr. Ng Eng Leng and SCSB, a wholly owned subsidiary of the Company, for the acquisition of a piece of vacant freehold land at cash�consideration of RM1,876,430-00.

The Board of Directors of Teo Seng wishes to announce that SCSB had entered into a SPA with Mr. Lim Meng Bin and Mr. Ng Eng Leng on�27 November 2012�to acquire a piece of vacant freehold land�held under Plot F of Lot 70 (now known as PTD 29431), Mukim Tj. Sembrong, District of Batu Pahat, Johor measuring in areas approximately 4.2387 acres for a proposed�cash consideration of RM1,876,430-00

Please refer to the attachment for further detail.

Attachments

Acquisition of Land.pdf
53 KB



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

Announcement Type: General Announcement
Company NameTEO SENG CAPITAL BERHAD  
Stock Name TEOSENG  
Date Announced27 Nov 2012  
CategoryGeneral Announcement
Reference NoTS-121127-36872

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionTEO SENG CAPITAL BERHAD ("TEO SENG" or "The Company")
RESTRUCTURING OF THE GROUP

The Board of Directors of Teo Seng wishes to announce that Forever Best Supply Sdn Bhd ("FBSSB"), a 60% owned subsidiary of Teo Seng Farming Sdn Bhd ("TSF") has on�27 November 2012�disposed of its 100,000 ordinary shares, representing 100% of the issued and paid up share capital of Laskar Fertiliser Sdn Bhd (formerly known as Laskar Perikanan Sdn Bhd) ("Laskar") to TSF, which in turn is a wholly owned subsidiary of the Company for a total cash consideration of RM100,000 ("Restructuring of the Group").

Laskar was incorporated on 11 April 2011 under the name of Laskar Suria Sdn Bhd. On 21 September 2011, Laskar changed its Company's name to Laskar Perikanan Sdn Bhd, and subsequently changed its Company's name to Laskar Fertiliser Sdn Bhd on 27 February 2012. The authorised share capital of Laskar is RM100,000 and its paid up capital is RM100,000. Laskar is currently a dormant company.

The Board is in the opinion that the restructuring will provide financial and management supports for Laskar to operate its business in future. The restructuring is anticipated to be in line with management expectations and future performance of the Group and associated costs involved in the operational restructuring of the business.

The Restructuring of the Group will not have any material effect on the earnings or net tangible assets of the Company for the year ending 31 December 2012. There will be no effect on the share capital and substantial shareholders' shareholdings of Teo Seng.

None of the Directors or major shareholders of the Company or persons connected with them has any interest, direct or indirect in the Restructuring of the Group.

The highest percentage ratio computed on the bases set out in paragraph 10.02(g) of the Main Market Listing Requirements in relation to the restructuring of the Group is 0.002%.

This announcement is dated 27 November 2012.



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