December 21, 2012

Company announcements: BKOON, PICORP, THHEAVY, HOVID

BKOON - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameBOON KOON GROUP BERHAD  
Stock Name BKOON  
Date Announced21 Dec 2012  
CategoryGeneral Announcement
Reference NoMB-121220-50486

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionBOON KOON GROUP BERHAD (“BKG” OR THE “COMPANY”)

PROPOSED CAPITAL REDUCTION;
PROPOSED RIGHTS ISSUE WITH FREE WARRANTS;
PROPOSED AMENDMENTS; AND
PROPOSED EXEMPTION.

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 25 October 2012, where applicable, unless stated otherwise or defined herein.)

Further to the announcements dated 25 October 2012, 27 November 2012, 7 December 2012 and 11 December 2012, on behalf of the Board of Directors of BKG, AmInvestment Bank Berhad wishes to announce that an application has been submitted today to Bursa Securities for an extension of time for an additional fourteen (14) market days from the date of the receipt of the SC’s consent on the Independent Advice Letter for BKG to issue and despatch the Circular to the shareholders in relation to the Proposals.


This announcement is dated 21 December 2012.



PICORP - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced21 Dec 2012  
CategoryGeneral Announcement
Reference NoCK-121220-69683

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of the Listing Requirements of Bursa Malaysia Securities Berhad, the following Directors of the Company has transacted dealings in the securities of the Company as set out in the table hereunder.

Name of Director

Date of Transaction

Price per Transaction (RM)

Acquisition of Shares

Direct

Indirect

No. of ordinary shares of RM0.10 each

%

No. of ordinary shares of RM0.10 each

%

Zaid Bin Abdullah

18 Dec 2012

0.15

Nil

Nil

34,200

0.005

Zaid Bin Abdullah

19 Dec 2012

0.15

Nil

Nil

75,000

0.011

Zaidah Binti Mohd Salleh

18 Dec 2012

0.15

Nil

Nil

34,200

0.005

Zaidah Binti Mohd Salleh

19 Dec 2012

0.15

Nil

Nil

75,000

0.011



PICORP - Changes in Sub. S-hldr's Int. (29B) - ZAIDAH BINTI MOHD SALLEH

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced21 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-121220-68178

Particulars of substantial Securities Holder

NameZAIDAH BINTI MOHD SALLEH
AddressNO. 10 JALAN SRI PETALING 6
BANDAR BARU SRI PETALING
57000 KUALA LUMPUR
NRIC/Passport No/Company No.541003-10-5580
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.10 EACH
Name & address of registered holderZAIYADAL KELUARGA SDN BHD
SUITE 5.02, MERCU PICORP
LOT 10 JALAN ASTAKA U8/84
BUKIT JELUTONG BUSINESS & TECHNOLOGY CENTRE
40150 SHAH ALAM SELANGOR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired18/12/2012
34,200
0.150 
Acquired19/12/2012
75,000
0.150 

Circumstances by reason of which change has occurredACQUISITION OF SHARES BY ZAIYADAL KELUARGA SDN BHD
Nature of interestINDIRECT
Direct (units)8,668,000 
Direct (%) 
Indirect/deemed interest (units)354,911,600 
Indirect/deemed interest (%) 
Total no of securities after change363,579,600
Date of notice21/12/2012


PICORP - Changes in Sub. S-hldr's Int. (29B) - ZAID BIN ABDULLAH

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced21 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-121220-68675

Particulars of substantial Securities Holder

NameZAID BIN ABDULLAH
AddressNO. 10 JALAN SRI PETALING 6
BANDAR BARU SRI PETALING
57000 KUALA LUMPUR
NRIC/Passport No/Company No.511215-10-5665
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.10 EACH
Name & address of registered holderZAIYADAL KELUARGA SDN BHD
SUITE 5.02, MERCU PICORP
LOT 10 JALAN ASTAKA U8/84
BUKIT JELUTONG BUSINESS & TECHNOLOGY CENTRE
40150 SHAH ALAM SELANGOR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired18/12/2012
34,200
0.150 
Acquired19/12/2012
75,000
0.150 

Circumstances by reason of which change has occurredACQUISITION OF SHARES BY ZAIYADAL KELUARGA SDN BHD
Nature of interestINDIRECT
Direct (units)45,725,100 
Direct (%) 
Indirect/deemed interest (units)317,854,500 
Indirect/deemed interest (%) 
Total no of securities after change363,579,600
Date of notice21/12/2012


PICORP - Changes in Sub. S-hldr's Int. (29B) - ZAIYADAL KELUARGA SDN BHD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced21 Dec 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-121220-67622

Particulars of substantial Securities Holder

NameZAIYADAL KELUARGA SDN BHD
AddressSUITE 5.02, MERCU PICORP
LOT 10 JALAN ASTAKA U8/84
BUKIT JELUTONG BUSINESS & TECHNOLOGY CENTRE
40150 SHAH ALAM SELANGOR
NRIC/Passport No/Company No.243673 V
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.10 EACH
Name & address of registered holderZAIYADAL KELUARGA SDN BHD
SUITE 5.02, MERCU PICORP
LOT 10 JALAN ASTAKA U8/84
BUKIT JELUTONG BUSINESS & TECHNOLOGY CENTRE
40150 SHAH ALAM SELANGOR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired18/12/2012
34,200
0.150 
Acquired19/12/2012
75,000
0.150 

Circumstances by reason of which change has occurredACQUISITION FROM OPEN MARKET
Nature of interestDIRECT
Direct (units)308,903,000 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change308,903,000
Date of notice21/12/2012


PICORP - Changes in Director's Interest (S135) - ZAID BIN ABDULLAH

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced21 Dec 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-121220-69069

Information Compiled By KLSE

Particulars of Director

NameZAID BIN ABDULLAH
AddressNO. 10 JALAN SRI PETALING 6
BANDAR BARU SRI PETALING
57000 KUALA LUMPUR
Descriptions(Class & nominal value)ORDINARY SHARES OF RM0.10 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
18/12/2012
34,200
0.150 
Acquired
19/12/2012
75,000
0.150 

Circumstances by reason of which change has occurredACQUISITION OF SHARES BY ZAIYADAL KELUARGA SDN BHD
Nature of interestINDIRECT
Consideration (if any) 

Total no of securities after change

Direct (units)45,725,100 
Direct (%) 
Indirect/deemed interest (units)317,854,500 
Indirect/deemed interest (%) 
Date of notice21/12/2012


PICORP - Changes in Director's Interest (S135) - ZAIDAH BINTI MOHD SALLEH

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced21 Dec 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-121220-69382

Information Compiled By KLSE

Particulars of Director

NameZAIDAH BINTI MOHD SALLEH
AddressNO. 10 JALAN SRI PETALING 6
BANDAR BARU SRI PETALING
57000 KUALA LUMPUR
Descriptions(Class & nominal value)ORDINARY SHARES OF RM0.10 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
18/12/2012
34,200
0.150 
Acquired
19/12/2012
75,000
0.150 

Circumstances by reason of which change has occurredACQUISITION OF SHARES BY ZAIYADAL KELUARGA SDN BHD
Nature of interestINDIRECT
Consideration (if any) 

Total no of securities after change

Direct (units)8,668,000 
Direct (%) 
Indirect/deemed interest (units)354,911,600 
Indirect/deemed interest (%) 
Date of notice21/12/2012


THHEAVY - THHEAVY-Resumption of Trading

Announcement Type: Listing Circular
Company NameTH HEAVY ENGINEERING BERHAD  
Stock Name THHEAVY  
Date Announced21 Dec 2012  
CategoryListing Circular
Reference NoNM-121221-61928

LISTING'S CIRCULAR NO. L/Q : 66800 OF 2012

Further to Listing's Circular No. L/Q 66776 of 2012, kindly be advised that trading in the above Company's securities will resume with effect from 9.00 a.m., Monday, 24 December 2012.

Your attention is drawn to the Company's announcement dated 21 December 2012.



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

Announcement Type: General Announcement
Company NameTH HEAVY ENGINEERING BERHAD  
Stock Name THHEAVY  
Date Announced21 Dec 2012  
CategoryGeneral Announcement
Reference NoMB-121221-54462

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionTH HEAVY ENGINEERING BERHAD (“THHE” OR THE “COMPANY”)

PROPOSED ACQUISITION OF 30% EQUITY INTEREST IN BERLIAN MCDERMOTT SDN BHD (“BMD”);
PROPOSED DISPOSAL OF 30% EQUITY INTEREST IN THHE FABRICATORS SDN BHD (“THF”); AND
PROPOSED JOINT VENTURE
On behalf of the Board of Directors of THHE (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Company has on 21 December 2012 entered into the following agreements:
(i) a share purchase agreement (“SPA”) with McDermott (M) Holdings Sdn Bhd (formerly known as Note Encoder Sdn Bhd) (“MDHSB”) for the proposed acquisition by THHE of such numbers of ordinary shares of RM1.00 each in BMD, representing 30% equity interest in BMD from MDHSB, for an indicative RM cash consideration equivalent to USD25.466 million (RM77.926 million)(“Proposed Acquisition of BMD”); and
    (ii) an SPA with McDermott Capital Malaysia Sdn Bhd (“MDC”), for the proposed disposal by THHE of such numbers of ordinary shares of RM1.00 each in THF, representing 30% equity interest in THF to MDC, for an indicative RM cash consideration equivalent to USD25.466 million (RM77.926 million) (“Proposed Disposal of THF”).
    THHE will enter into the following joint venture agreements upon the completion of the Proposed Acquisition of BMD and Proposed Disposal of THF for the purpose of the establishment of joint ventures (“Proposed JV”):
      (i) a JVA with MDHSB, J. Ray McDermott, S.A (“JRMSA”) (both MDHSB and JRMSA are collectively referred to as “McDermott”) and BMD for the purpose of setting out mutually agreed rights, duties, liabilities and obligation vis- -vis each other in relation to the operation of BMD as a joint venture between McDermott and THHE on a 70:30 basis;
        (ii) a JVA with MDC and THF for the purpose of setting out mutually agreed rights, duties, liabilities and obligation vis- -vis each other in relation to the operation of THF as a joint venture between THHE and MDC on a 70:30 basis;
          (iii) a JVA with JRMSA and a company to be incorporated at a later date, the primary objective of which is to engage in the provision of front-end engineering and design, construction and installation services (“Engineering Newco”), for the purpose of setting out mutually agreed rights, duties, liabilities and obligation vis- -vis each other in relation to the operation of Engineering Newco as a joint venture between THHE and JRMSA on a 50:50 basis; and
            (iv) a JVA with JRMSA and a company to be incorporated at a later date, the primary objective of which is to engage in the provision of procurement and project management services (“PMT Newco”), for the purpose of setting out mutually agreed rights, duties, liabilities and obligation vis- -vis each other in relation to the operation of PMT Newco as a joint venture between THHE and JRMSA on a 50:50 basis.
              Please refer to the announcement as enclosed for further details.

              This announcement is dated 21 December 2012.

              Attachments

              THHE - Proposals.pdf
              380 KB



              HOVID - GENERAL MEETINGS: NOTICE OF MEETING

              Announcement Type: General Meetings
              Company NameHOVID BERHAD  
              Stock Name HOVID  
              Date Announced21 Dec 2012  
              CategoryGeneral Meetings
              Reference NoOD-121220-65597

              Type of MeetingEGM
              IndicatorNotice of Meeting
              DescriptionOn behalf of the Board of Directors of Hovid Berhad (“Hovid” or the “Company”), HwangDBS Investment Bank Berhad wishes to announce that the Extraordinary General Meeting (“EGM”) of Hovid will be held at Gopeng Hall, Level 3, Kinta Riverfront Hotel & Suites, Jalan Lim Bo Seng, 30000 Ipoh, Perak Darul Ridzuan on Monday, 18 February 2013 at 10.30 a.m. or at any adjournment thereof. The EGM is for the purpose of considering and if thought fit, passing with or without modification, the resolution as set out in the Notice of EGM to give effect to the proposed renounceable rights issue of up to 571,560,000 five (5)-year warrants (“Warrants”) at an issue price of RM0.02 for each Warrant on the basis of one (1) Warrant for every two (2) existing ordinary shares of RM0.10 each held in Hovid on an entitlement date to be determined later.

              Please refer to the Notice of EGM as attached for further information.

              This announcement is dated 21 December 2012.
              Date of Meeting18/02/2013
              Time10:30 AM
              VenueGopeng Hall, Level 3, Kinta Riverfront Hotel & Suites, Jalan Lim Bo Seng, 30000 Ipoh, Perak Darul Ridzuan
              Date of General Meeting Record of Depositors08/02/2013


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