November 6, 2012

Company announcements: RPB, WCT

RPB - Changes in Sub. S-hldr's Int. (29B) - Datin Irene Tan

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameRELIANCE PACIFIC BERHAD  
Stock Name RPB  
Date Announced6 Nov 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoRP-121106-5EB40

Particulars of substantial Securities Holder

NameDatin Irene Tan
Address10-5 Desa Angkasa
12 Jalan Taman U-Thant
55000 Kuala Lumpur
NRIC/Passport No/Company No.550209-08-5014
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holder
1. AmBank (M) Berhad
8th Floor Bangunan AmBank Group
55 Jalan Raja Chulan, 50200 Kuala Lumpur

2. Dato' Gan Eng Kwong
10-5 Desa Angkasa
12 Jalan Taman U-Thant
55000 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired29/10/2012
189,900
 
Acquired30/10/2012
16,800
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestIndirect interest
Direct (units)0 
Direct (%)0 
Indirect/deemed interest (units)405,112,920 
Indirect/deemed interest (%)47.19 
Total no of securities after change405,112,920
Date of notice06/11/2012

Remarks :
Deemed interested by virtue of Section 122(A) being spouse of Dato' Gan Eng Kwong

RPB - Changes in Sub. S-hldr's Int. (29B) - Dato' Gan Eng Kwong

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameRELIANCE PACIFIC BERHAD  
Stock Name RPB  
Date Announced6 Nov 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoRP-121106-42166

Particulars of substantial Securities Holder

NameDato' Gan Eng Kwong
Address10-5 Desa Angkasa
12 Jalan Taman U-Thant
55000 Kuala Lumpur
NRIC/Passport No/Company No.500624-10-5689
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holder
1. AmBank (M) Berhad
8th Floor Bangunan AmBank Group
55 Jalan Raja Chulan, 50200 Kuala Lumpur

2. Dato' Gan Eng Kwong
10-5 Desa Angkasa
12 Jalan Taman U-Thant
55000 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired29/10/2012
189,900
 
Acquired30/10/2012
16,800
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect interest and indirect interest
Direct (units)184,350 
Direct (%)0.02 
Indirect/deemed interest (units)404,928,570 
Indirect/deemed interest (%)47.17 
Total no of securities after change405,112,920
Date of notice06/11/2012

Remarks :
(i) 29/10/2012 - Direct holdings is 10,000 shares and the balance of 179,900 shares are held under AMBank (M) Berhad.

(ii) 30/10/2012 - Direct holdings of 16,800 shares

WCT - ACQUISITION OF A LEASE OVER THE LAND KNOWN AS PLOT A60, ZONE A, MEDINI BY WCT ACRES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WCT LAND SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF WCT FROM MEDINI LAND SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM99,468,000 (“THE ACQUISITION”)

Announcement Type: General Announcement
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced6 Nov 2012  
CategoryGeneral Announcement
Reference NoWW-121106-62763

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDKA-121105-41158
SubjectACQUISITION OF A LEASE OVER THE LAND KNOWN AS PLOT A60, ZONE A, MEDINI BY WCT ACRES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WCT LAND SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF WCT FROM MEDINI LAND SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM99,468,000 (“THE ACQUISITION”)
DescriptionWe refer to the announcement dated 2 November 2012 in respect of the Acquisition (“Announcement”). Unless otherwise defined, the abbreviations used throughout this announcement shall be the same as those previously defined in the Announcement.
Query Letter Contents
We refer to your Company's announcement dated 2 November 2012 in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. To state the following information in respect of the land:-
(a.) The net book value, if any.
(b.) The encumbrances.
(c.) Whether any valuation was conducted on the land, if so, to state
the name of the independent registered valuer, date and method of valuation and
quantification of the market value.
(d.) Any other information as stated in Appendix 10A, Part C (2), (3)
and (4).
2. Justification(s) for the Purchase consideration.
3. The risk in relation to the transaction including risk factors of the assets.
4. Particulars of all liabilities including contingent liabilities and
guarantees to be assumed by the purchasers arising from the transaction.








Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully



KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation

MM/KA

copy to:- General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)

With reference to your letter dated 5 November 2012 in respect of the Company’s Announcement pertaining to the Acquisition and the Board would like to furnish the following additional information� for public release:-

1.������������ The following additional information in respect of the Land:-

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(a)��� The net book value of the Land is not available to be disclosed as WCT is not privy to such information.

(b)�� The Land is free from encumbrances.

(c)��� As at the date of the Announcement, no valuation has been carried out on the Land. �

(d)�� The Company intends to undertake a mix-commercial development project on the Land but it is still at a preliminary stage.

2.������������ The Purchase Consideration of RM99,468,000 for the Acquisition was arrived at on a willing-buyer willing-seller basis after taking into consideration the recent transacted price within the Medini areas, the suitability and strategic location of the Land and its potential development.

3.������������ The risk for the Acquisition will be the general risks associated with the future development on the Land.

4.������������ There are no liabilities to be assumed by WCT Acres including contingent liabilities and guarantees from the Acquisition.

This announcement is dated 6th November 2012.

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