BGYEAR - Change in Boardroom (Amended Announcement)
| Company Name | BINA GOODYEAR BERHAD |
| Stock Name | BGYEAR |
| Date Announced | 20 Nov 2012 |
| Category | Change in Boardroom |
| Reference No | BG-121120-58105 |
| Date of change | 26/09/2012 |
| Name | Foo San Kan |
| Age | 63 |
| Nationality | Malaysian |
| Type of change | Redesignation |
| Previous Position | Others |
| New Position | Non-Executive Director |
| Directorate | Non Independent & Non Executive |
| Qualifications | 1) Chartered Accountant of the Malaysian Institute of Accountants 2) Member of the Malaysian Institute of Certified Public Accountants 3) Fellow of the Institute of Chartered Accountants in England & Wales and the Chartered Tax Institute of Malaysia |
| Working experience and occupation | Mr Foo was the Country Managing Partner of Ernst & Young Malaysia from 1997 to 2002 before he retired as a practising accountant. He has 34 years of experience in the accounting profession, of which the last 30 years were spent in various positions in Ernst & Young. During the course of his career, he was involved in various industry sectors including financial services, energy, manufacturing, plantations, property, construction, leisure and entertainment and almost all aspects of the accounting profession. |
| Directorship of public companies (if any) | 1. Allianz Malaysia Berhad 2. OSK Holdings Berhad 3. OSK Property Holdings Berhad 4. OSK Ventures International Berhad 5. Symphony House Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | Mr Foo is the brother in-law to Mr Moo Hean Chong, the Managing Director. |
| 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 |
| Remarks : |
| On 30/03/2012, the Company announced that Mr Foo was appointed as the Company's director, holding position as an Independent & Non-Executive Director. His previous position was as an Independent & Non-Executive Director. As at 26/09/2012, he is designated as Non-Independent & Non-Executive Director. |
AUTOAIR - Circular/Notice to Shareholders
| Company Name | AUTOAIR HOLDINGS BERHAD |
| Stock Name | AUTOAIR |
| Date Announced | 20 Nov 2012 |
| Category | PDF Submission |
| Reference No | CA-121120-33563 |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE |
AASIA - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
| Company Name | ASTRAL ASIA BERHAD |
| Stock Name | AASIA |
| Date Announced | 20 Nov 2012 |
| Category | General Announcement |
| Reference No | AA-121116-36847 |
| Type | Announcement | ||||||||||||||||
| Subject | MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) | ||||||||||||||||
| Description | Crop Production for October 2012 | ||||||||||||||||
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QL - Quarterly rpt on consolidated results for the financial period ended 30/9/2012
| Company Name | QL RESOURCES BERHAD |
| Stock Name | QL |
| Date Announced | 20 Nov 2012 |
| Category | Financial Results |
| Reference No | QR-121119-52976 |
| Financial Year End | 31/03/2013 |
| Quarter | 2 |
| Quarterly report for the financial period ended | 30/09/2012 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION30/09/2012 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 552,451 | 495,185 | 1,046,813 | 949,751 |
| 2 | Profit/(loss) before tax | 48,204 | 47,770 | 89,820 | 83,969 |
| 3 | Profit/(loss) for the period | 39,038 | 38,521 | 72,121 | 68,375 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 36,866 | 38,001 | 68,290 | 65,791 |
| 5 | Basic earnings/(loss) per share (Subunit) | 4.43 | 4.57 | 8.21 | 7.91 |
| 6 | Proposed/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 ($$) | 1.0000 | 0.9800 | ||
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
GOLSTA - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | GOLSTA SYNERGY BERHAD |
| Stock Name | GOLSTA |
| Date Announced | 20 Nov 2012 |
| Category | General Announcement |
| Reference No | GS-121120-47938 |
| Type | Announcement | |||||||||||||||||||||||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| Description | Disposal of an indirect wholly-owned subsidiary, Melian Rubber Industries Limited by Golsta Synergy Berhad | |||||||||||||||||||||||||||||||||||||
1. ���������� INTRODUCTION The Board of Directors of Golsta Synergy Berhad (“GOLSTA”) wishes to announce that its wholly-owned subsidiary, Golsta Sdn Bhd ("GSB") has on 20 November 2012 entered into a Share Sale Agreement ("SSA") for the disposal of �1,000,000 ordinary shares of HKD1/- each fully paid ("the Shares") representing 100% equity of Melian Rubber Industries Limited ("MRI") to Mr Ng Lai Keow (NRIC No. 501120-01-5473) of No. 104, Jalan Impian Emas 14, Taman Impian Emas, 81300 Skudai, Johor for 500,000 ordinary shares of HKD1/- each and Mr Tan Kuang Meng, Victor (Singapore Passport No. E2587231J) of No. 4092, Jalan Sri Putri 7, Taman Putri Kulai Jaya, Johor for 500,000 ordinary shares of HKD1/- each (collectively known as "the Purchasers") for a total cash consideration of RM5,000/- and payment of RM3.606 million for advances taken as at 30 September 2012 (“GSB Advances”) by Yangpu Fushen Rubber Industrial Co. Ltd (“YFR”), a wholly-owned subsidiary of MRI from GOLSTA (“Sale Consideration”) (hereinafter referred to as "the Disposal"). Upon completion of the Disposal, MRI will cease to be a subsidiary of GOLSTA.
2.����������� INFORMATION
ON THE DISPOSAL 2.1 ������� Particulars of GSB, MRI AND
YFR GSB was incorporated in Malaysia on 19 November 1984. The principal activities of GSB are design, fabrication and installation of industrial plant and process engineering and related components. The authorised share capital of GSB is RM3,000,000/- divided into 3,000,000 ordinary shares of RM1/- each and the issued and paid up capital is RM3,000,000/- comprising of 3,000,000 ordinary shares of RM1/- each fully paid. MRI is a wholly-owned subsidiary of GSB, which in turn is a wholly-owned subsidiary of GOLSTA. MRI was incorporated in Hong Kong on 27 December 2000 and having its registered address at 20/F, Fung House, No. 19-20 Connaught Road, Central, Hong Kong. Its principal activity is investment holding. The authorised share capital of MRI is HKD1 million divided into 1,000,000 ordinary shares of HKD1/- each and the issued and paid up capital is HKD1 million (equivalent to approximately RM488,219) comprising of 1,000,000 ordinary shares of HK$1/- each fully paid. MRI has invested and owns 100% of the entire equity interest in YFR, a company incorporated in the People’s Republic of China on 28 April 2001 with its registered office at Yangpu, Hainan, China. The investment and registered capital of YFR are�RMB3,000,000�(Renminbi Three Million) respectively. YFR is principally involves in rubber processing and trading of rubber related products. YFR does not have any subsidiary and associated company. Based on the audited financial statements of MRI for the financial year ended 31 December 2011 (“FYE 2011”), the net tangible liabilities (“NTL”) and loss after tax (“LAT”) of MRI amounted to RM2.273 million and RM19,180/- respectively. The NTL and LAT of YFR in FYE 2011 was RM3.639 million and RM184,506/- respectively. 2.2�������� Basis of
Sale Consideration The Sale Consideration was arrived at on a willing-buyer willing-seller basis
negotiated between GSB and the Purchasers after taking into consideration the
financial position of MRI and YFR based on the unaudited management accounts of
MRI and YFR for the nine (9) months financial period ended 30 September 2012 as
follows:-
The amount due by MRI and YFR to GOLSTA were impaired because the Directors are of the opinion that both MRI and YFR were not able to repay the said amount since both companies have been incurring losses and had since ceased operations in the financial year ended 31 December 2009. The Directors are of the view that the Sale Consideration is fair and reasonable.� 2.3�������� Salient
terms of the SSA GSB has agreed to sell and the Purchasers have agreed to purchase the Shares, as set out in Table 1 below, at the Sale Consideration free from all charges, claims, liens, pledges, options, assignments, hypothecation, security interest, pre-emption rights and all other encumbrances whatsoever and with all rights and benefit which are now or at any time hereafter become attached hereto without limitation to all bonuses, rights, dividends, distributions and entitlements thereof declared paid or made as from the Completion Date i.e. within three (3) months from the date of the SSA or such extended date to be mutually agreed between GSB and the Purchasers. Table 1
The terms of payment are as follows:- (a) �The Purchasers had upon the execution of the SSA paid a sum of RM5,000/- towards part payment of the Sale Consideration. (b) �The Purchasers shall also pay the remaining liability owing by YFR to GOLSTA and GSB amounting to RM3.606 million within three (3) months from the Completion Date. 2.4�������� Original
cost of investment The original cost of investment in MRI by GSB was RM48,822/- in January 2001 and RM439,397/- in July 2001. MRI has invested RM1.38 million in YFR in October 2003. 2.5�������� Quantification
of the net assets / net tangible assets and the net loss of MRI and YFR based
on the latest audited financial statements ended 31 December 2011
2.6�������� Expected
gains or losses arising from the Disposal The Disposal is expected to result in a gain at GOLSTA’s group level of RM16,783/- for the financial year ending 31 December 2012. 2.7�������� Proposed
utilisation of the proceeds from the Disposal The proceeds from the Disposal will be utilised as working capital within six (6) months from the Completion Date of the Disposal, mainly for the purchases of raw materials and payment to trade creditors. 3.����������� RATIONALE Both MRI and YFR are currently a loss making subsidiaries. YFR has ceased operation since 2009 due to unfavourable tax system. YFR being foreign owned, was imposed value-added tax of 17% whereas those locally owned manufacturers were taxed at 13%. The auditor of GOLSTA had in the financial statements for FYE 2011 emphasized that the continuance of MRI as a going concern is dependent on the investors continuing to provide financial assistance as is necessary to enable MRI to meet its liabilities as and when they fall due and to maintain MRI in existence as a going concern for the foreseeable future. The Disposal is expected to relieve GOLSTA from further losses in its investment in MRI and YFR. In view of the limitations faced by YFR and the difficulties in turning around the business, the Disposal is in line with the strategic direction of GOLSTA to streamline its operation in order to focus on businesses and ventures which are viable and profitable in the mid to long term. As such, the Disposal is considered a timely opportunity for GOLSTA to exit from the non-profitable overseas businesses. 4.����������� FINANCIAL
EFFECTS The Disposal is not expected to have any material effect on the share capital, substantial shareholders’ shareholding, earnings per share, net assets per share and gearing of GOLSTA for the financial year ending 31 December 2012.
The Purchasers shall assume the outstanding liabilities owing by YFR to GSB
amounting to RM3.606 million. 6.����������� PERCENTAGE
RATIO Based on the latest audited financial statements for FYE 2011, the highest percentage ratio under Paragraph 10.02(g) of Chapter 10 of the Main Market Listing Requirements applicable to the Disposal is 7.17%, compared with the total assets of GOLSTA. 7.����������� RISK
FACTORS The SSA is subject to the full payment of the Sale Consideration by the Purchasers to GSB within the Completion Date and fulfilment of GSB’s and the Purchasers’ obligation pursuant to the terms in the SSA. 8.����������� APPROVAL
REQUIRED The Disposal is not subject to the approval of the shareholders of GOLSTA or any government authorities. 9.����������� INTERESTS
OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH DIRECTORS AND/OR
MAJOR SHAREHOLDERS None of the Directors and/or Major Shareholders of GOLSTA or any persons connected with them has any interest, whether direct or indirect, in the Disposal. 10.�������� DIRECTORS’
OPINION The Board of Directors of GOLSTA, having taking into consideration all aspects of the Disposal, is of the opinion that the Disposal is in the best interest of GOLSTA. 11.�������� ESTIMATED
TIME FRAME FOR COMPLETION Barring any unforeseen circumstances, the Disposal is envisaged to be completed by the first quarter of financial year ending 31 December 2013. 12.�������� DOCUMENT AVAILABLE FOR INSPECTION The SSA is available for inspection at the registered office of GOLSTA at No.
1-21C, Jalan Desa 1/3, Desa Aman Puri, Kepong, 52100 Kuala Lumpur during normal
business hours (9.00 a.m. to 6.00 p.m.) from Mondays to Fridays (except public
holidays) for a period of three (3) months from the date of this announcement. | ||||||||||||||||||||||||||||||||||||||
SUPERMX - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | SUPERMAX CORPORATION BERHAD |
| Stock Name | SUPERMX |
| Date Announced | 20 Nov 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CK-121120-39349 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.50 each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd of Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 14/11/2012 | 468,700 |
| Remarks : |
| Direct Interest: (1) Employees Provident Fund Board (46,321,600) (2) Employees Provident Fund Board (AMINV) (7,000,000) (3) Employees Provident Fund Board (PHEIM) (453,100) Supermax Corporation Berhad received the Form 29B dated 16 November 2012 from Citigroup Nominees (Tempatan) Sdn Bhd on behalf of Employees Provident Fund Board on 20 November 2012. |
JAYCORP - GENERAL MEETINGS: NOTICE OF MEETING
| Company Name | JAYCORP BERHAD |
| Stock Name | JAYCORP |
| Date Announced | 20 Nov 2012 |
| Category | General Meetings |
| Reference No | CC-121109-60882 |
| Type of Meeting | AGM |
| Indicator | Notice of Meeting |
| Description | Notice of Fourteenth Annual General Meeting |
| Date of Meeting | 13/12/2012 |
| Time | 10:30 AM |
| Venue | Room Bunga Dahlia, 7th Floor, Renaissance Melaka Hotel, Jalan Bendahara, 75000 Melaka, Malaysia |
| Date of General Meeting Record of Depositors | 06/12/2012 |
JAYCORP - Final Dividend
| Company Name | JAYCORP BERHAD |
| Stock Name | JAYCORP |
| Date Announced | 20 Nov 2012 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | CC-121109-65080 |
KNM - Changes in Sub. S-hldr's Int. (29B) - Ir Lee Swee Eng
| Company Name | KNM GROUP BERHAD |
| Stock Name | KNM |
| Date Announced | 20 Nov 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | KG-121119-8B1C0 |
Particulars of substantial Securities Holder
| Name | Ir Lee Swee Eng |
| Address | 39 Jalan Awan Cina, Taman Yarl, 58200 Kuala Lumpur |
| NRIC/Passport No/Company No. | 550904-04-5145 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM1.00 each |
| Name & address of registered holder | Ir Lee Swee Eng 39 Jalan Awan Cina, Taman Yarl, 58200 Kuala Lumpur Maybank Nominees (Tempatan) Sdn Bhd for Ir Lee Swee Eng 14th Floor, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur Maybank Securities Nominees (Tempatan) Sdn Bhd for Ir Lee Swee Eng 14th Floor, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur Inter Merger Sdn Bhd Lot 745, 7th Floor, Block A1, Pusat Dagang Setia Jaya, No. 9 Jalan PJS 8/9, 46150 Petaling Jaya, Selangor Maybank Nominees (Tempatan) Sdn Bhd for Inter Merger Sdn Bhd 14th Floor, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur AMSEC Nominees (Tempatan) Sdn Bhd for Inter Merger Sdn Bhd 22nd Floor, Bangunan AmBank Group, 55 Jalan Raja Chulan, 50200 Kuala Lumpur Tasec Nominees (Tempatan) Sdn Bhd for Inter Merger Sdn Bhd 14th Floor, Menara TA One, 22 Jalan P Ramlee, 50250 Kuala Lumpur Tegas Klasik Sdn Bhd Lot 745, 7th Floor, Block A1, Pusat Dagang Setia Jaya, No. 9 Jalan PJS 8/9, 46150 Petaling Jaya, Selangor McDermott Industries Ltd c/o 15 Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Aveda Assets Capital Inc. c/o 15 Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Sara Lee Mei Ching 39 Jalan Awan Cina, Taman Yarl, 58200 Kuala Lumpur Sarita Lee Mei Ling 39 Jalan Awan Cina, Taman Yarl, 58200 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 16/11/2012 | 134,044,074 | 1.000 |
| Remarks : |
| 1. The Company had on 20 November 2012 received the Notice of Change in the Interest of Substantial Shareholder (Form 29B) dated 16 November 2012. 2. Percentage interest is based on the enlarged issued and paid-up share capital of RM1,466,761,977 divided into 1,466,761,977 ordinary shares of RM1.00 each, which excludes a total of 23,251,275 ordinary shares held as treasury shares as at 20 November 2012. 3. Indirect interest held through Inter Merger Sdn Bhd, Tegas Klasik Sdn Bhd, McDermott Industries Ltd, Aveda Assets Capital Inc. and interest of his children pursuant to section 6A of the Companies Act 1965. 4. Price of RM1.00 being First Call of RM0.40 - payable in cash on application, and Second Call of RM0.60 - capitalised from KNM's Share Premium Account. |
KNM - Changes in Sub. S-hldr's Int. (29B) - Inter Merger Sdn Bhd
| Company Name | KNM GROUP BERHAD |
| Stock Name | KNM |
| Date Announced | 20 Nov 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | KG-121119-8B127 |
Particulars of substantial Securities Holder
| Name | Inter Merger Sdn Bhd |
| Address | Lot 745, 7th Floor, Block A1, Pusat Dagang Setia Jaya, No. 9 Jalan PJS 8/9, 46150 Petaling Jaya, Selangor |
| NRIC/Passport No/Company No. | 162106-U |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM1.00 each |
| Name & address of registered holder | Inter Merger Sdn Bhd Lot 745, 7th Floor, Block A1, Pusat Dagang Setia Jaya, No. 9 Jalan PJS 8/9, 46150 Petaling Jaya, Selangor Maybank Nominees (Tempatan) Sdn Bhd for Inter Merger Sdn Bhd 14th Floor, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur AMSEC Nominees (Tempatan) Sdn Bhd for Inter Merger Sdn Bhd 22nd Floor, Bangunan AmBank Group, 55 Jalan Raja Chulan, 50200 Kuala Lumpur Tasec Nominees (Tempatan) Sdn Bhd for Inter Merger Sdn Bhd 14th Floor, Menara TA One, 22 Jalan P Ramlee, 50250 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 16/11/2012 | 112,440,256 | 1.000 |
| Remarks : |
| 1. The Company had on 20 November 2012 received the Notice of Change in the Interest of Substantial Shareholder (Form 29B) dated 16 November 2012. 2. Percentage interest is based on the enlarged issued and paid-up share capital of RM1,466,761,977 divided into 1,466,761,977 ordinary shares of RM1.00 each, which excludes a total of 23,251,275 ordinary shares held as treasury shares as at 20 November 2012. 3. Price of RM1.00 being First Call of RM0.40 - payable in cash on application, and Second Call of RM0.60 - capitalised from KNM's Share Premium Account. |
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