November 6, 2012

Company announcements: PCHEM, IHH, TENAGA, PARKSON, METROD, GOLSTA

PCHEM - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePETRONAS CHEMICALS GROUP BERHAD  
Stock Name PCHEM  
Date Announced6 Nov 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPC-121106-30244

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19
Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur.
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Boar

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed01/11/2012
972,100
 

Circumstances by reason of which change has occurredSale of shares in the open market
Nature of interestDirect
Direct (units)972,100 
Direct (%)0.01 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,007,686,900
Date of notice02/11/2012

Remarks :
Form 29B dated 2 November 2012 was received by the Company on 6 November 2012.


IHH - OTHERS PROPOSED INTERNAL REORGANISATION OF IHH GROUP'S STRUCTURE

Announcement Type: General Announcement
Company NameIHH HEALTHCARE BERHAD  
Stock Name IHH  
Date Announced6 Nov 2012  
CategoryGeneral Announcement
Reference NoIH-121106-66084

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED INTERNAL REORGANISATION OF IHH GROUP'S STRUCTURE

Pursuant to Paragraph 9.19 (5) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and as part of the internal reorganisation of IHH Group structure, the Board of Directors of IHH Healthcare Berhad (formerly known as Integrated Healthcare Holdings Berhad) ("IHH") is pleased to announce thatShanghai Shu Kang Hospital Investment Management Co., Ltd, an indirect wholly-owned subsidiary of IHH, had on 6 November 2012 received the approval from the Shanghai Industrial and Commercial Bureau for the transfer of 100% equity interest each in Shanghai Rui Pu Clinic Co., Ltd and Shanghai Rui Xiang Clinic Co., Ltd to Shanghai Mai Kang Hospital Investment Management Co., Ltd, an indirect wholly-owned subsidiary of IHH.

Further details of the said internal reorganisation are provided in the attachment below.



TENAGA - OTHERS In the High Court of Malaya at Johor Baru Companies (Winding –Up) No. 28-212-09/2012 In the matter of Section 218 of the Companies Act,1965 And In the matter of TENAGA NASIONAL BERHAD (Company No. 200866-W) Ramli Bin Rahman …Petitioner And Tenaga Nasional Berhad …Respondent (“Petition”)

Announcement Type: General Announcement
Company NameTENAGA NASIONAL BHD  
Stock Name TENAGA  
Date Announced6 Nov 2012  
CategoryGeneral Announcement
Reference NoTN-121106-66178

TypeAnnouncement
SubjectOTHERS
DescriptionIn the High Court of Malaya at Johor Baru
Companies (Winding –Up)
No. 28-212-09/2012
In the matter of Section 218 of the Companies Act,1965
And
In the matter of TENAGA NASIONAL BERHAD (Company No. 200866-W)

Ramli Bin Rahman …Petitioner
And
Tenaga Nasional Berhad …Respondent
(“Petition”)
Reference is made to the advertisement of the Winding-Up Petition (“Petition”) published in The New Straits Times dated 6 November 2012.
We wish to state that to the best of our knowledge, the Petition has not been served upon Tenaga Nasional Berhad (“TNB”) as Respondent.

The particulars of the claim are unknown to TNB. However, we believe that the said claim is in respect of the Sessions Court Johor Bahru Civil Suit No: 53-778-1998 (2) brought by the Petitioner (“as Plaintiff”) against TNB and 4 others.

The suit involves a claim by Ramli bin Rahman (“Plaintiff”), an employee of Syarikat Elektrik Bangsar (sub-contractor) which was appointed by TNB to carry out electrical works at TNB substation. The Plaintiff on 26 December 1997 suffered injuries whilst carrying out the electrical works at the said substation.

As result of the incident, the Plaintiff on 25 September 1998 filed a suit against Ismail bin Mamat (“1st Defendant”- TNB Staff) and TNB (“2nd Defendant”) as well as 3 other defendants.
    The Sessions Court on 24 September 2010 (“Judgment”) decided inter alia as follows:
    1. The liability of 1st Defendant and 2nd Defendant limited to 50% of the total judgment awarded;
    2. The liability of 3rd, 4th and 5th Defendant is liable for the balance 50% of the total judgment awarded.

    Pursuant to the judgment above, TNB has made a total payment of RM431,380.87 to Plaintiff which includes judgment sum, cost and interest.

    Pursuant thereto, TNB is of the view that there is no basis to the filing of the Petition or advertisement of the Petition by the Petitioner.

    TNB has instructed its panel lawyers to file an application for stay of execution of the Petition and further file an application to strike out the Petition.

    The Petition will not have any material impact to the financial and operational position of TNB.

    This announcement is dated 6 November 2012.


    PARKSON - OTHERS Announcement by Parkson Retail Asia Limited - Corrigendum to announcement no. 00119 titled "Establishment of a joint venture in Myanmar" released on 5 November 2012

    Announcement Type: General Announcement
    Company NamePARKSON HOLDINGS BERHAD  
    Stock Name PARKSON  
    Date Announced6 Nov 2012  
    CategoryGeneral Announcement
    Reference NoPH-121106-A7575

    TypeAnnouncement
    SubjectOTHERS
    DescriptionAnnouncement by Parkson Retail Asia Limited
    - Corrigendum to announcement no. 00119 titled "Establishment of a joint venture in Myanmar" released on 5 November 2012
    We attach herewith an announcement made to the Singapore Exchange Securities Trading Limited (“SGX-ST”) by Parkson Retail Asia Limited (“Parkson Retail”), a 67.61% owned subsidiary of the Company listed on the SGX-ST, on 6 November 2012 in relation to the corrigendum to announcement no. 00119 titled "Establishment of a joint venture in Myanmar" released on 5 November 2012.

    Attachments

    PRA announcement.pdf
    44 KB



    METROD - Changes in Sub. S-hldr's Int. (29B) - Metdist S.A.

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NameMETROD HOLDINGS BERHAD  
    Stock Name METROD  
    Date Announced6 Nov 2012  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCK-121106-37217

    Particulars of substantial Securities Holder

    NameMetdist S.A.
    Addressc/o Meyerlustenberger Lachenal
    65, Rue du Rh�ne
    P.O.Box 3199
    1211 Geneva 3
    Switzerland
    NRIC/Passport No/Company No.4327
    Nationality/Country of incorporationIncorporated in Panama
    Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
    Name & address of registered holderMetTube Sdn. Bhd.
    Level 18, The Gardens North Tower
    Mid Valley City
    Lingkaran Syed Putra
    59200 Kuala Lumpur

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired06/11/2012
    5,900,000
     

    Circumstances by reason of which change has occurredPurchase of entire shares by MetTube Sdn Bhd in Infinitive Growth Sdn Bhd
    Nature of interestIndirect interest
    Direct (units)50,562,000 
    Direct (%)42.13 
    Indirect/deemed interest (units)37,900,920 
    Indirect/deemed interest (%)31.58 
    Total no of securities after change88,462,920
    Date of notice06/11/2012

    Remarks :
    Deemed interest by virtue of its interest in MetTube Sdn Bhd under Section 6A of the Companies Act 1965


    METROD - Changes in Sub. S-hldr's Int. (29B) - MetTube Malaysia Holdings S.A.

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NameMETROD HOLDINGS BERHAD  
    Stock Name METROD  
    Date Announced6 Nov 2012  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCK-121106-36622

    Particulars of substantial Securities Holder

    NameMetTube Malaysia Holdings S.A.
    Addressc/o Meyerlustenberger Lachenal
    65, Rue du Rh�ne, P.O.Box 3199
    1211 Geneva 3
    Switzerland
    NRIC/Passport No/Company No.225016/26664
    Nationality/Country of incorporationIncorporated in Panama
    Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
    Name & address of registered holderMetTube Sdn. Bhd.
    Level 18, The Gardens North Tower
    Mid Valley City
    Lingkaran Syed Putra
    59200 Kuala Lumpur

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired06/11/2012
    5,900,000
     

    Circumstances by reason of which change has occurredPurchase of entire shares by MetTube Sdn Bhd in Infinitive Growth Sdn Bhd
    Nature of interestIndirect interest
    Direct (units) 
    Direct (%) 
    Indirect/deemed interest (units)37,900,920 
    Indirect/deemed interest (%)31.58 
    Total no of securities after change37,900,920
    Date of notice06/11/2012

    Remarks :
    Deemed interest by virtue of its interest in MetTube Sdn Bhd under Section 6A of the Companies Act 1965


    METROD - Changes in Sub. S-hldr's Int. (29B) - MetTube Sdn Bhd

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NameMETROD HOLDINGS BERHAD  
    Stock Name METROD  
    Date Announced6 Nov 2012  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCK-121106-36045

    Particulars of substantial Securities Holder

    NameMetTube Sdn Bhd
    AddressLevel 18, The Gardens North Tower
    Mid Valley City
    Lingkaran Syed Putra
    59200 Kuala Lumpur
    NRIC/Passport No/Company No.181893-H
    Nationality/Country of incorporationIncorporated in Malaysia
    Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
    Name & address of registered holderMetTube Sdn Bhd
    Level 18, The Gardens North Tower
    Mid Valley City
    Lingkaran Syed Putra
    59200 Kuala Lumpur

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired06/11/2012
    5,900,000
     

    Circumstances by reason of which change has occurredPurchase of entire shares in Infinitive Growth Sdn Bhd
    Nature of interestIndirect
    Direct (units)32,000,920 
    Direct (%)26.66 
    Indirect/deemed interest (units)5,900,000 
    Indirect/deemed interest (%)4.92 
    Total no of securities after change37,900,920
    Date of notice06/11/2012

    Remarks :
    Deemed interest under Section 6A of the Companies Act, 1965 through Infinitve Growth Sdn Bhd


    METROD - Changes in Director's Interest (S135) - Dato' Azlan Hashim

    Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Company NameMETROD HOLDINGS BERHAD  
    Stock Name METROD  
    Date Announced6 Nov 2012  
    CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Reference NoCK-121106-34571

    Information Compiled By KLSE

    Particulars of Director

    NameDato' Azlan Hashim
    Address35, Persiaran Duta
    Taman Duta
    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)
    Disposed
    06/11/2012
    5,900,000
     

    Circumstances by reason of which change has occurredDisposal of his shareholdings in Infinitive Growth Sdn Bhd to MetTube Sdn Bhd
    Nature of interestIndirect
    Consideration (if any) 

    Total no of securities after change

    Direct (units)
    Direct (%)
    Indirect/deemed interest (units)
    Indirect/deemed interest (%)
    Date of notice06/11/2012

    Remarks :
    Deemed interested in 5,900,000 (4.92%) shares in the Company by virtue of his shareholding of 99.99% and his spouse's shareholding of 0.01% in Infinitive Growth Sdn Bhd, a shareholder of the Company


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

    Announcement Type: General Announcement
    Company NameMETROD HOLDINGS BERHAD  
    Stock Name METROD  
    Date Announced6 Nov 2012  
    CategoryGeneral Announcement
    Reference NoCK-121106-38757

    TypeAnnouncement
    SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
    DEALINGS DURING CLOSED PERIOD
    DescriptionMETROD HOLDINGS BERHAD ("METROD" OR "THE COMPANY")
    - NOTIFICATION OF DEALINGS BY DIRECTOR PURSUANT TO PARAGRAPH 14.08 OF MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

    In accordance with Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Metrod wishes to announce the following dealing in securities by the Director:-

    Name of

    Director

    Date of Disposal / Acquire

    Consideration

    (RM)

    No. of shares

    involved

    % of shareholdings

    Direct

    Indirect

    Dato’ Azlan Hashim

    6 November 2012

    (Disposal)

    1.75 per share

    -

    5,900,000

    4.92

    This announcement is dated 6 November 2012.



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

    Announcement Type: General Announcement
    Company NameGOLSTA SYNERGY BERHAD  
    Stock Name GOLSTA  
    Date Announced6 Nov 2012  
    CategoryGeneral Announcement
    Reference NoGS-121106-63423

    TypeAnnouncement
    SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
    NON RELATED PARTY TRANSACTIONS
    DescriptionAdditional information on the disposal of an indirect wholly-owned subsidiary, Gothic Assets Sdn Bhd by Golsta Synergy Berhad

    Further to the announcement made on 2 November 2012, the Board of Directors of Golsta Synergy Berhad (“GOLSTA”) wishes to provide additional information in relation to the disposal of 2 ordinary shares of RM1/- each fully paid, representing 100% equity of Gothic Assets Sdn Bhd ("GASB") by its wholly-owned subsidiary, Golsta Sdn Bhd� ("GSB").

     

    1.� Significant fluctuation in the financial of GASB i.e. net tangible liabilities of RM1.182 million as at 31 December 2011 compared to net assets of RM797,502 for the financial period ended 30 June 2012.�

     

    The fluctuation arises from a debt waiver granted by Golsta Synergy Bhd of RM1,979,824 owed by GASB as shown below:-

     

     

    30/06/2012

    Unaudited

    RM

    Shareholders’ equity before debt waiver

    (1,182,322)

    Debt waived by GOLSTA

    1,979,824

    Shareholders’ equity after debt waiver

    797,502

     

    The rationale for the waiver are that GASB and its 70% owned subsidiary PT. Bakti Tani Nusantara (“BTN”), a company incorporated in the Republic of Indonesia had been incurring losses. Both GASB and BTN would not be able to repay the advances in the foreseeable future.

     

    2. �Quantification of the audited net assets / net liabilities of GASB for the financial year ended 31 December 2011.

     

    (RM’000)

    GASB

    BTN

    Revenue

    -

    5,925

    Net loss after tax

    (44)

    (1,300)

    Net tangible assets/(liabilities)

    (1,182)

    776

     

    3.� The justification on the view that the Sale Consideration is fair and reasonable given that the net assets of GASB is higher than the Sale Consideration of RM200,000 (net of the payment of GSB Advances).

    The net assets of GASB as at 30/6/2012 amounting to RM797,502 arose due to waiver of debts by GOLSTA; as explained in paragraph 1 above. The net assets left comprises cost of investment in BTN which shall be impaired in view of the bleak prospect.

     

    4. The details of the nature and breakdown of the capital to be funded by the proceeds arising from the Disposal.

    The proceeds from the Disposal will be utilized as working capital mainly for purchases of raw materials and payment to trade creditors and short term trade borrowings for GOLSTA group. The time frame for the utilization of the proceeds is within 6 months from the Completion Date of the Disposal of the said Shares.

     

    5. The basis on how the expected losses arising from the Disposal is arriving at.

    The expected losses arising from the Disposal is computed as follow:-

    Computation of loss on disposal:

    30/06/2012

    Unaudited

    RM

    Shareholder's equity:


    GASB -100%

    (1,182,322)

    BTN -70%

    (133,681)

     

    (1,316,003)

    Waiver of debt due to GOLSTA by GASB

    1,979,824

     

    663,821

    Add : Proceeds from disposal

    (200,000)

    Loss on disposal

    463,821



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