November 29, 2012

Company announcements: FOCAL, FFHB, PRDUREN, SPSETIA, BREM, EKOVEST

FOCAL - OTHERS Focal Aims Holdings Berhad ("Focal") - Recommendation for declaration of first and final dividend for the financial year ended 30 September 2012

Announcement Type: General Announcement
Company NameFOCAL AIMS HOLDINGS BERHAD  
Stock Name FOCAL  
Date Announced29 Nov 2012  
CategoryGeneral Announcement
Reference NoCS-121129-3ED92

TypeAnnouncement
SubjectOTHERS
DescriptionFocal Aims Holdings Berhad ("Focal") - Recommendation for declaration of first and final dividend for the financial year ended 30 September 2012
The Board of Directors of Focal is pleased to announce the recommendation for the declaration and payment of a first and final dividend of 1% less 25% tax or 0.75 sen per ordinary share for the financial year ended 30 September 2012, which is subject to the approval of the shareholders of Focal at its forthcoming Thirty-Ninth Annual General Meeting.
The date of entitlement and payment in respect of the aforesaid dividend will be determined and announced in due course.

This announcement is dated 29 November 2012.


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

Announcement Type: Financial Results
Company NameFEDERAL FURNITURE HOLDINGS (M) BERHAD  
Stock Name FFHB  
Date Announced29 Nov 2012  
CategoryFinancial Results
Reference NoFF-121129-39643

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

Attachments

KLSE3Q12.xlsx
37 KB

klse3q12nt.doc
108 KB

  • 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
21,360
13,318
55,919
29,104
2Profit/(loss) before tax
2,274
1,700
3,728
1,073
3Profit/(loss) for the period
2,154
1,449
3,448
822
4Profit/(loss) attributable to ordinary equity holders of the parent
2,065
1,444
3,311
816
5Basic earnings/(loss) per share (Subunit)
2.50
1.75
4.00
0.99
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 ($$)
0.3124
0.2509
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


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

Announcement Type: Financial Results
Company NamePERDUREN (M) BERHAD  
Stock Name PRDUREN  
Date Announced29 Nov 2012  
CategoryFinancial Results
Reference NoPP-121129-53875

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
7,312
4,908
14,198
9,797
2Profit/(loss) before tax
888
-864
1,898
-1,154
3Profit/(loss) for the period
433
-1,188
993
-1,763
4Profit/(loss) attributable to ordinary equity holders of the parent
433
-1,188
993
-1,763
5Basic earnings/(loss) per share (Subunit)
0.32
-0.88
0.74
-1.31
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 ($$)
1.5306
1.5254
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


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

Announcement Type: General Announcement
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced29 Nov 2012  
CategoryGeneral Announcement
Reference NoSP-121129-43602

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionS P SETIA BERHAD (19698-X) ("S P SETIA" or "THE COMPANY")

PRIVATISATION AGREEMENT BETWEEN THE GOVERNMENT OF MALAYSIA, SYARIKAT TANAH DAN HARTA SDN BHD AND SENTOSA JITRA SDN BHD RELATING TO THE DEVELOPMENT AND CONSTRUCTION OF THE KOMPLEKS INSTITUT PENYELIDIKAN KESIHATAN BERSEPADU ("1NIH COMPLEX") FOR THE MINISTRY OF HEALTH IN EXCHANGE FOR 51.568 ACRES OF DEVELOPMENT LAND LOCATED ALONG JALAN BANGSAR, KUALA LUMPUR

1. ������� INTRODUCTION

Reference is made to our announcement dated 17 January 2011 in relation to the proposed development of an integrated health and research institute (“1NIH Complex”) for the Government on a piece of land in Setia Alam by way of land swap for a piece of land located along Jalan Bangsar, Wilayah Persekutuan.

The Board of Directors of S P Setia (“Board”) wishes to announce that on 29 November 2012, Sentosa Jitra Sdn Bhd (Company No. 505210-V) (“SJSB”), which is 50% owned by S P Setia, entered into a Privatisation Agreement with the Government of Malaysia (“Government”) and Syarikat Tanah dan Harta Sdn Bhd (Company No. 298678-H) to undertake the development and construction of a new 1NIH Complex on a piece of land in Setia Alam, Selangor by way of land swap for a piece of land along Jalan Bangsar, Kuala Lumpur (“Exchange Land”).

The 1NIH Complex will be situated on a parcel of freehold land located within the Group’s fast-growing Setia Alam township development (“Project Land”). The Project Land measuring approximately 41.115 acres is currently vacant and free from any lien, pledge, mortgage, security interest, lease, charge, easement or any other encumbrances.

Please refer to the attached location plan for details of the Project Land and Exchange Land.

2. ������� DETAILS OF SJSB

SJSB is a private limited company incorporated in Malaysia under the Companies Act, 1965 on 11 February 2000. The present authorised share capital is RM1,000,000.00 comprising 1,000,000 ordinary shares of RM1.00 each. of which 500,000 ordinary shares are issued to S P Setia and the remaining 500,000 are issued to Mekar Gemilang Sdn Bhd (“MGSB”) and are fully paid up. The principal activities of SJSB are property development and property investment holding.

2.1������ Information on MGSB

MGSB is a private limited company incorporated in Malaysia under the Companies Act, 1965 on 12 December 1994. The present authorised share capital is RM500,000.00 comprising 500,000 ordinary shares of RM1.00 each of which 300,000 ordinary shares are issued and fully paid up. The principal activity of MGSB is investment holding.

3. ������� DETAILS AND SALIENT TERMS OF THE PRIVATISATION AGREEMENT

3.1�� ��� 1NIH Project and Contract Sum

SJSB shall carry out for the Ministry of Health the planning, design, management, development, construction, interior design, landscaping, equipping, installation, testing and commissioning of the 1NIH Project comprising:-

i) ���� A fully integrated health and research institute to be known as the 1NIH Complex on the Project Land;

ii)���� Twenty-four (24) units of apartments on part of the Exchange Land measuring approximately 0.8 acres in replacement of existing residential units which are currently situated on the Exchange Land (“Apartments”);and

iii)��� A polyclinic and dental clinic on part of the Exchange Land to be known as the Klinik Kesihatan Bangsar (“KKB”);

for a total amount of RM845,000,000/- (“Contract Sum”).

The construction works for the INIH Complex in Setia Alam and KKB in Bangsar shall be for a duration of 36 months and 48 months respectively from its construction commencement dates.

3.2������ Conditions Precedent

The Privatisation Agreement is conditional upon, inter-alia, the following being fulfilled within 9 months from the date of the Privatisation Agreement:-

(a)���� the transfer of the Project Land to the Government in the name of the Federal Land Commissioner;

(b)���� the submission to the Government of a letter of offer evidencing that SJSB has secured the project financing in respect of the 1NIH Project.

3.3������ Government’s Additional Consideration

SJSB shall in addition to carrying out the 1NIH Project at the Contract Sum, pay the Government the sum of RM217,114,711, being the minimum guaranteed profit (“MGP”) for the mixed development undertaken by SJSB on the Exchange Land. In the event 20% of the actual profit before tax for the relevant phase of the development is higher than the MGP, SJSB shall pay the Government the sum representing the difference thereof.

3.4������ Exchange Land

The Exchange Land measuring approximately 52.368 acres (including 0.8 acres on which the Apartments will be constructed) is made up of the following:-

(a)���� Geran No. 42846 for Lot 132, Section 97 in Bandar Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 30.369 acres / 122,900 square meters;

(b)���� Geran No. 42845 for Lot 368, Section 96 in Bandar Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 4.844 acres / 19,604 square meters;

(c)���� H.S.(D) 118661 for PT 36, Section 96 in Bandar Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 4.905 acres / 19,850 square meters; and

(d)���� The piece of land held under Lot 4429 measuring approximately 12.25 acres / 49,574 square meters.

The Exchange Land is located along Jalan Bangsar and it enjoys direct frontage onto and access from the north-western side of Jalan Bangsar at about 3 kilometres south-west of Kuala Lumpur. The adjacent Jalan Travers-Bangsar junction has been upgraded into a flyover and upgrading works has further enhanced accessibility to the Exchange Land. At present, there are several buildings and structures on the Exchange Land. Please refer to the attached location plan.

The Government shall cause the Exchange Land to be transferred to SJSB within 14 days of the submission by SJSB to the Government of the bank guarantee to secure the due performance of SJSB’s obligations under the Privatisation Agreement and the issuance of the document of title to the Exchange Land.

The Exchange Land will be transferred free from any lien, pledge, mortgage, security interest, lease, charge, easement or any other encumbrances to SJSB on the following terms:-

(a)���� under a Registry Title;

(b)���� ninety-nine (99) years leasehold tenure; and

(c)���� subject to the category of land use “building” and to any express condition and restrictions in interest as may be imposed by the relevant authority.

Upon the transfer of the Exchange Land to SJSB, SJSB shall have the right to deal with the Exchange Land as the owner and to develop it in the manner as it sees fit.

As this is a privatisation transaction and the Board is familiar with land values in the Bangsar area, there was no independent market valuation conducted on the Exchange Land.

SJSB proposes to develop the Exchange Land into an integrated commercial and residential development (“Proposed Development”). The Proposed Development is expected to be funded via internally generated funds and/or bank borrowings, the breakdown of which has not been determined.

5. ������� ECONOMIC OUTLOOK AND PROSPECTS

The Malaysian economy recorded a growth of 5.2% (2Q 12: 5.6%) during the third quarter amid the challenging global economic conditions. Domestic demand continued to provide support to growth, supported by the favourable performance of private consumption and investment activity by both the private and public sectors at 11.4% (2Q 12: 14.0%). Growth of private consumption remained firm at 8.5% (2Q 12: 8.8%), supported by favourable labour market conditions and sustained income growth whilst public consumption moderated to 2.3% (2Q 12: 10.9%), attributable to lower spending in supplies and services. Private sector investment was driven by capital spending in the services sector, particularly the transportation, real estate and utilities subsectors and the on-going implementation of projects in the oil and gas sector. For public investment, the capital spending by public enterprises was mainly channelled into the transportation, oil and gas and utilities sectors while Federal Government’s development expenditure was mainly channelled into the transportation, education and public utilities sectors.

While the weakness in global economic conditions has affected growth in the third quarter, domestic demand will continued to provide support to growth of the Malaysian economy. Going forward, the more challenging international environment would present risks to Malaysia’s growth prospects. Nevertheless, domestic demand is expected to continue to be the anchor of growth, supported by the expansion in private consumption and investment. Public spending and investment activity are also expected to lend support to growth.

Source: Bank Negara Malaysia, Quarterly Bulletin 2012 – Economic and Financial Developments in Malaysia in the Third Quarter

6. ������� RATIONALE FOR THE PRIVATISATION AGREEMENT AND PROPOSED DEVELOPMENT

The rationale for the Privatisation Agreement remains the same as that disclosed in the Company’s earlier announcement which is summarized and expanded below.

The Privatisation Agreement was negotiated and finalized along the lines of the Public / Private Partnership (“PPP”) concept with the following benefits to the Parties:-

Benefits to the Government

It enables the Government to reap the value of matured Government land to obtain a fully integrated and modern new 1NIH Complex capable of housing all the relevant national health and research institutes and support functions in a single location within the vibrant, fast-growing and highly accessible township of Setia Alam.

The proposed new 1NIH Complex will serve as a hub and centre of excellence for health research, training and consultation at both the local and global level. This function will be carried out by 6 key Research Institutes, the Office of the National Institute of Health Director, and various supporting offices / centres.

Meanwhile, the inclusion of the Klinik Kesihatan Bangsar as part of the 1NIH Project also ensures that the public which are presently served by the existing dental and polyclinic on the Exchange Land will continue to enjoy this benefit within the new facilities to be constructed by SJSB and integrated into its Proposed Development on the Exchange Land.

The land swap nature of the deal means that the Government will not have to fund any part of the cost for the construction of the 1NIH Project. This will be paid for by the difference between the values of the Exchange Land and the Project Land.

The Government will also have the opportunity to participate in the redevelopment of the Exchange Land through its share of 20% of the actual profit before taxas disclosed in item 3.3 above, of which RM217,114,711 constitutes a minimum guaranteed profit committed by SJSB.

Benefits to S P Setia

The Exchange Land’s size and location in Bangsar is unrivalled in its potential as a mixed development site. The Government’s decision to entrust the development of the 1NIH Project and redevelopment of the Exchange Land to SJSB, an associated company of S P Setia, recognises the Group’s standing as the top Malaysian developer with numerous awards won locally and internationally. Over the years S P Setia has also established a strong execution track record of creating and delivering outstanding value through its many large-scale townships and integrated commercial developments.

The success of S P Setia’s flagship development of Setia Alam, where the new 1NIH Complex will be situated is particularly notable.In less than a decade of its launch, the township and its neighbouring Setia Eco Park, have become highly sought after addresses by home and business owners alike. Both are award-winning developments with Setia Eco Park having won numerous prestigious local and international awards over the years and Setia Alam being recently named winner of the Best Development Master Plan in the FIABCI Malaysia Property Awards 2012.

Setia Alam’s many amenities include the Setia City Mall, an international class retail mall with over 700,000 sqft of net lettable area leased to renowned local and global retail players, among them Parksons, Harvey Norman, Golden Screen Cinemas, H&M, Zara, Mango, Padini and a host of other well-known names. A convention centre known as the Setia City Convention Centre capable of seating 2,000 guests was recently opened. The project also has ample and varied educational facilities, including the Tenby International School, Sekolah Sri Tenby at Setia Eco Park, national and national type schools, a badminton academy, residents clubs, large landscaped parks and recreational facilities as well as thriving commercial areas.

The presence of the 1NIH Complex once completed will further add to the business, academic and commercial vibrancy of both townships in line with the Group’s development philosophy of LiveLearnWorkPlay.

SJSB has commenced master planning the redevelopment of the Exchange Land where it proposes to develop luxury residential apartments and integrated commercial products such as boutique and strata offices which will appeal to buyers seeking upmarket properties within the affluent Bangsar and Federal Hill areas. Amenities planned include retail, food and beverage facilities as well as a performing arts centre to create a cultural “heart” for the entire development. The estimated Gross Development Value of the Proposed Development is approximately RM8 billion.

Whilst it is currently too preliminary to ascertain the exact product mix, total development cost, expected completion date or expected profits to be derived, Management is confident that the Proposed Development will be well received. This augurs well for the Group and is expected to contribute positively to the future earnings and cash flow of S P Setia.

7. ������� EFFECTS OF THE PRIVATISATION AGREEMENT

7.1. ���� Share Capital

The undertaking of the 1NIH Project and the Proposed Development envisaged under the Privatisation Agreement will not have any effect on the issued and paid up capital of S P Setia.

7.2 ����� Substantial Shareholders

The transactions envisaged under the Privatisation Agreement will not have any effect on the shareholding of the substantial shareholders’ of S P Setia.

7.3 ����� Earnings and Net Assets ("NA")

The Privatisation Agreement and Proposed Development are not expected to have any material effect on the S P Setia Group's earnings and NA for the financial year ending 31 October 2013. However, Proposed Development is expected to contribute positively to the future earnings and NA of the S P Setia Bhd Group.

7.4 ����� Gearing

The Privatisation Agreement and the Proposed Development are not expected to have any material effect on the gearing of S P Setia for the financial year ending 31 October 2013.

8. ������� PERCENTAGE RATIO

The highest percentage ratio pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Securities is 15.4% computed based on the audited consolidated financial statement of S P Setia for the financial year ended 30 October 2011.

9. ������� DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST

None of the Directors or Substantial Shareholders of S P Setia or persons connected to them has any interest, direct or indirect, in the Privatisation Agreement.

10. ����� DIRECTORS’ STATEMENT

The Board after having considered all aspects of the Privatisation Agreement is of the opinion that it is in the best interest of S P Setia.

11. ����� APPROVALS REQUIRED

The Privatisation Agreement is not subject to the approval of the shareholders of S P Setia.

12. ����� DOCUMENT FOR INSPECTION

A copy of the Privatisation Agreement may be inspected at the registered office of S P Setia at Plaza 138, Suite 18.03, 18th Floor, 138 Jalan Ampang, 50450 Kuala Lumpur during normal office hours on Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.

This announcement is dated 29 November 2012.

Attachments

Project Land.pdf
87 KB

Exchange Land.pdf
553 KB



BREM - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameBREM HOLDING BERHAD  
Stock Name BREM  
Date Announced29 Nov 2012  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCS-121129-2191B

Date of buy back29/11/2012
Description of shares purchasedOrdinary Shares @ RM1/- Each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)20,000
Minimum price paid for each share purchased ($$)1.100
Maximum price paid for each share purchased ($$)1.100
Total consideration paid ($$)22,121.00
Number of shares purchased retained in treasury (units)20,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)3,151,131
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 (%)1.82


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

Announcement Type: Financial Results
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced29 Nov 2012  
CategoryFinancial Results
Reference NoEE-121129-51510

Financial Year End30/06/2013
Quarter1
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
30/11/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
21,820
31,857
21,820
31,857
2Profit/(loss) before tax
10,484
7,445
10,484
7,445
3Profit/(loss) for the period
10,528
6,510
8,373
6,510
4Profit/(loss) attributable to ordinary equity holders of the parent
8,373
6,510
8,373
6,510
5Basic earnings/(loss) per share (Subunit)
4.68
3.64
4.68
3.64
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 ($$)
2.3440
2.2971
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


EKOVEST - OTHERS Outstanding Related Party Receivables

Announcement Type: General Announcement
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced29 Nov 2012  
CategoryGeneral Announcement
Reference NoEE-121129-52884

TypeAnnouncement
SubjectOTHERS
DescriptionOutstanding Related Party Receivables

We have the pleasure to forward the attached Outstanding Recurrent Related Party Transaction receivables as at 30 September 2012.



EKOVEST - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced29 Nov 2012  
CategoryGeneral Meetings
Reference NoEE-121128-58621

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionNotice of Annual General Meeting
Date of Meeting21/12/2012
Time11:00 AM
VenueGrand Seasons Hotel, 72 Jalan Pahang, 53000 Kuala Lumpur
Date of General Meeting Record of Depositors12/12/2012

Attachments

Ekovest - AGM.pdf
61 KB



EKOVEST - First and Final Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced29 Nov 2012  
CategoryEntitlements (Notice of Book Closure)
Reference NoEE-121129-53240

EX-date29/01/2013
Entitlement date31/01/2013
Entitlement time04:00:00 PM
Entitlement subjectFirst and Final Dividend
Entitlement descriptionFirst and Final Dividend of 5 sen per ordinary share less income tax in respect of the financial year ended 30 June 2012
Period of interest payment to
Financial Year End30/06/2012
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noSectrars Services Sdn Bhd
No. 28-1 Jalan Tun Sambanthan 3
Brickfields
50470 Kuala Lumpur
Tel: 03-22746133
Payment date 28/02/2013
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers31/01/2013 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.05


EKOVEST - OTHERS FACILITATION FUND OF RM80.5 MILLION

Announcement Type: General Announcement
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced29 Nov 2012  
CategoryGeneral Announcement
Reference NoEE-121129-60185

TypeAnnouncement
SubjectOTHERS
DescriptionFACILITATION FUND OF RM80.5 MILLION

The Board of Directors of Ekovest Berhad (“EB” or “the Company”) wishes to announce that Prompt Capital Sdn Bhd (“PCSB”), a wholly-owned subsidiary of the Company, had on 29 November 2012 entered into a Facilitation Fund Agreement (“FFA”) with the Government of Malaysia as represented by Public Private Partnership Unit, Prime Minister’s Department (“the Government”) and Bank Pembangunan Malaysia Berhad (“BPMB”).

Full details of the announcement as per attachment enclosed herewith.

Attachments

An-PCSB-FFA.docx
37 KB



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