November 30, 2012

Company announcements: PSPRING, CSCSTEL, THPLANT, SEALINK, MEGB, KSTAR, IVORY, SENDAI

PSPRING - OTHERS PULAI SPRINGS BERHAD ("PSPRING" OR THE "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("PROPOSED SCR")

Announcement Type: General Announcement
Company NamePULAI SPRINGS BERHAD  
Stock Name PSPRING  
Date Announced30 Nov 2012  
CategoryGeneral Announcement
Reference NoOI-121130-61950

TypeAnnouncement
SubjectOTHERS
DescriptionPULAI SPRINGS BERHAD ("PSPRING" OR THE "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 ("PROPOSED SCR")
We refer to the announcements dated 6 July 2012, 10 July 2012, 18 July 2012, 5 September 2012 and 22 October 2012 in relation to the Proposed SCR.

On behalf of the Board of Directors of PSPRING ("Board"), OSK Investment Bank Berhad wishes to announce that the petition to obtain an order of the High Court of Malaya at Kuala Lumpur ("High Court") to confirm the Proposed SCR pursuant to Section 64 of the Companies Act, 1965 ("Act") has been filed with the High Court on 27 November 2012.

Further, the High Court had, on 28 November 2012, scheduled the petition to obtain the said order for hearing on 5 December 2012.

Further details on developments relating to the above will be announced in due course.
This announcement is dated 30 November 2012


PSPRING - PUBLIC SHAREHOLDINGS SPREAD

Announcement Type: General Announcement
Company NamePULAI SPRINGS BERHAD  
Stock Name PSPRING  
Date Announced30 Nov 2012  
CategoryGeneral Announcement
Reference NoCC-121109-40101

TypeAnnouncement
SubjectPUBLIC SHAREHOLDINGS SPREAD
DescriptionPULAI SPRINGS BERHAD ("PSB" or "the Company")
- Status Announcement

Our announcements dated 10 August 2011, 9 September 2011, 23 September 2011, 18 November 2011, 11 January 2012, 27 February 2012, 16 March 2012, 17 May 2012, 21 June 2012, 24 July 2012 and 23 August 2012 refer.

The Board of Directors of the Company wishes to announce that based on the Record of Depositors as at 19 November 2012, the Company does not comply with Paragraph 8.02 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") in relation to the public shareholdings spread requirement as the public shareholdings spread of the Company is 0.86%.

As at the date of this announcement, the Company has not formulated any Rectification Plan. However, the Company had on 6 July 2012 received a letter from its major shareholders, Swift Redeem Sdn Bhd and Jati Semerbak Sdn Bhd, requesting the Company to undertake a selective capital reduction and repayment exercise pursuant to Section 64 of the Companies Act, 1965 ("Proposed SCR"). The Board of Directors had�at the�Extraordinary General Meeting held on 23 November 2012 presented the Proposed SCR to the shareholders of the Company for their consideration. The shareholders of the Company had voted for the Proposed SCR. The application to the High Court of Malaya to obtain the grant of an order confirming the Proposed SCR pursuant to Section 64 of the Companies Act, 1965 has been made and the court hearing has been fixed on 5 December 2012.

Bursa Securities had, vide its letter dated 23 July 2012, granted the Company an extension of time from 1 July 2012 until 15 April 2013 or the completion of the proposed selective capital reduction and repayment exercise pursuant to Section 64 of the Companies Act, 1965, whichever is earlier, to comply with the public shareholdings spread requirement pursuant to Paragraph 8.02(1) of the Listing Requirements of Bursa Securities.

This announcement is dated�30 November 2012.



CSCSTEL - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameCSC STEEL HOLDINGS BERHAD  
Stock Name CSCSTEL  
Date Announced30 Nov 2012  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-121130-328AB

Date of buy back30/11/2012
Description of shares purchasedOrdinary Shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)20,000
Minimum price paid for each share purchased ($$)1.190
Maximum price paid for each share purchased ($$)1.190
Total consideration paid ($$)23,931.10
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)7,078,800
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 (%)1.863


THPLANT - THPLANT-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")

Announcement Type: Listing Circular
Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT  
Date Announced30 Nov 2012  
CategoryListing Circular
Reference NoNE-121130-55522

LISTING'S CIRCULAR NO. L/Q : 66652 OF 2012

Kindly be advised that the abovementioned Company’s additional 20,000 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 4 December 2012.


SEALINK - Change in Boardroom (Amended Announcement)

Announcement Type: Change in Boardroom
Company NameSEALINK INTERNATIONAL BERHAD  
Stock Name SEALINK  
Date Announced30 Nov 2012  
CategoryChange in Boardroom
Reference NoCS-121130-31246

Date of change28/11/2012
NameDATUK MICHAEL HARDIN
Age79
NationalityMALAYSIAN
Type of changeDemised
DesignationChairman & Director
DirectorateNon Independent & Non Executive
QualificationsDIPLOMA IN PUBLIC ADMINISTRATION FROM THE CIVIL SERVICE TRAINING CENTRE IN CAMBERRA, AUSTRALIA IN 1958 AND LATER A CERTIFICATE FROM OXFORD UNIVERSITY, UNITED KINGDOM IN 1968. 
Working experience and occupation The late Datuk Michael Hardin began his career in the early 1950s as Sarawak Administrative Officer in the Sarawak Civil Service. In the early 1960s, he served as an Assistant Private Secretary to the Governor of Sarawak and one year later as a Private Secretary to the Chief Minister of Sarawak. In the 1970s, he served as Permanent Secretary in the Ministry of Forestry and Land in Kuching, Sarawak. In 1980s, he served as a Resident of the Fourth Division in Miri till his retirement from the civil service in 1984. Upon retiring from civil service, Datuk Michael Hardin ventured into private business and was involved in businesses including timber operations, general trading and shipping. He has been involved with Sealink International Berhad Group for the past 24 years since 1988. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNo 
Any conflict of interests that he/she has with the listed issuerNo 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect Interest - 300,001 ordinary shares of RM0.50 each in SEALINK INTERNATIONAL BERHAD
 

Remarks :
This amended announcement is made on 30 November 2012 to delete the late Datuk Michael Hardin's Indirect Interest - 259,080,800 ordinary shares of RM0.50 each in SEALINK INTERNATIONAL BERHAD (Deemed interested by virtue of his substantial shareholding in Sealink Holdings Sdn. Bhd.) as the late Datuk Michael Hardin had disposed his substantial shares in Sealink Holdings Sdn. Bhd. recently.


MEGB - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameMASTERSKILL EDUCATION GROUP BERHAD  
Stock Name MEGB  
Date Announced30 Nov 2012  
CategoryChange in Principal Officer
Reference NoCM-121120-40586

Date of change30/11/2012
NameChik Chan Chee
Age59
NationalityMalaysian
Type of changeAppointment
DesignationChief Financial Officer
Qualifications(1) Member, Chartered Institute of Management Accountants
(2) Degree in Economics, University of Malaya
Working experience and occupation (1) Chief Financial Officer, H-Displays (MSC) Berhad (July 2007-November 2012)
(2) Director, Corporate Finance & Planning, Limkokwing University College of Creative Tech. (Nov 2005 - Nov 2006)
(3) Chief Operating Officer, Antah Holdings Berhad (2002 - Oct 2005)
(4) Group Financial Controller, Antah Holdings Berhad (2000 - 2002)
(5) General Manager Finance & Admin, Sriwani Holdings Berhad (1994-1999)
(6) Finance Manager, Ansell (Kedah) Sdn Bhd group (1987-1994)
(7) Assistant Manager, Finance Division, Perwaja Trengganu Sdn Bhd (1985-1987)
(8) Accountant/Co Secretary, Metacorp Sdn Bhd group (1983-1985)
(9) Accountant, UMW Lysaght/UMW Wix Sdn Bhd (1980-1983)
(10) Assessment Officer, Inland Revenue Department (1977-1980)
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 or its subsidiariesNil
Details of any interest in the securities of the listed issuer or its subsidiariesNil

Remarks :
The designation of Mr. Chik Chan Chee is Head, Finance of Masterskill Education Group Berhad.


MEGB - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameMASTERSKILL EDUCATION GROUP BERHAD  
Stock Name MEGB  
Date Announced30 Nov 2012  
CategoryChange in Principal Officer
Reference NoCM-121120-40178

Date of change30/11/2012
NameWendy Kam
Age42
NationalityMalaysian
DesignationChief Financial Officer
Type of changeResignation
ReasonTo pursue other interests and opportunities
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
Qualifications
Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer
Any conflict of interests that he/she has with the listed issuer or its subsidiaries
Details of any interest in the securities of the listed issuer or its subsidiaries

Remarks :
The designation of Ms. Wendy Kam is Head, Finance of Masterskill Education Group Berhad


KSTAR - OTHERS K-STAR SPORTS LIMITED ("K-STAR" or the "Company") - ANNOUNCEMENT ON THE COMPLETION OF THE ACQUISITION OF JINJIANG SAIFEITE SHOES PLASTICS CO., LTD (“SAIFEITE”) (“ACQUISITION”)

Announcement Type: General Announcement
Company NameK-STAR SPORTS LIMITED  
Stock Name KSTAR  
Date Announced30 Nov 2012  
CategoryGeneral Announcement
Reference NoCC-121129-65770

TypeAnnouncement
SubjectOTHERS
DescriptionK-STAR SPORTS LIMITED ("K-STAR" or the "Company")
- ANNOUNCEMENT ON THE COMPLETION OF THE ACQUISITION OF JINJIANG SAIFEITE SHOES PLASTICS CO., LTD (“SAIFEITE”) (“ACQUISITION”)

Reference is made to the announcements dated 18 October 2011 and 16 December 2011.

The Company wishes to announce that the due diligence exercise on the Acquisition has been completed and satisfied.

Following the completion of its due diligence review, the Supplemental Sale and Purchase Agreement has become unconditional and Saifeite is now a wholly-owned subsidiary of Fujian Jinjiang Dixing Shoes Plastics Co., Ltd which in turn is a wholly-owned subsidiary of the Company with effect from 30 November 2012.

This announcement is dated 30 November 2012.



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

Announcement Type: Financial Results
Company NameIVORY PROPERTIES GROUP BERHAD  
Stock Name IVORY  
Date Announced30 Nov 2012  
CategoryFinancial Results
Reference NoCC-121128-42543

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

Attachments

Q32012_final_301112.pdf
93 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
48,457
44,668
119,754
138,293
2Profit/(loss) before tax
2,260
5,601
34,670
23,705
3Profit/(loss) for the period
1,933
4,057
32,780
18,762
4Profit/(loss) attributable to ordinary equity holders of the parent
1,719
4,057
32,613
18,762
5Basic earnings/(loss) per share (Subunit)
0.39
2.18
9.68
10.09
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 ($$)
0.8200
1.1600
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


SENDAI - OTHERS Eversendai Corporation Berhad (“Eversendai” or the “Company”) - Acquisition of 23,923,000 Ordinary Shares representing 11.19% of the Entire Issued and Paid-Up Share Capital of Technics Oil & Gas Limited

Announcement Type: General Announcement
Company NameEVERSENDAI CORPORATION BERHAD  
Stock Name SENDAI  
Date Announced30 Nov 2012  
CategoryGeneral Announcement
Reference NoEC-121130-64206

TypeAnnouncement
SubjectOTHERS
DescriptionEversendai Corporation Berhad (“Eversendai” or the “Company”)
- Acquisition of 23,923,000 Ordinary Shares representing 11.19% of the Entire Issued and Paid-Up Share Capital of Technics Oil & Gas Limited

Pursuant to Paragraph 9.20(1) and Paragraph 10.06(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Eversendai wishes to announce that it has acquired 23,923,000 ordinary shares representing 11.19% of the entire issued and paid-up share capital of Technics Oil & Gas Limited (hereinafter referred to as the “Acquisition”). The total purchase consideration paid by Eversendai for the Acquisition is SGD24,699,552.05 (equivalent to approximately RM62,062,504.65).

Further details on the Acquisition are set out in the attachment herein.

This announcement is dated 30 November 2012.



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