VS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | V.S. INDUSTRY BERHAD |
| Stock Name | VS |
| Date Announced | 4 Dec 2012 |
| Category | General Announcement |
| Reference No | VI-121204-56017 |
| Type | Announcement | ||||||||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS | ||||||||||||||||||||||
| Description | Disposal of the Company's properties held under Geran Mukim 417 Lot 17650 and Geran Mukim 418 Lot 17651, both in the Mukim of Plentong, Daerah Johor Bahru, Negeri Johor for a total consideration of RM9,092,705.70 | ||||||||||||||||||||||
1.����� INTRODUCTION Pursuant to Paragraph 10.05(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of VS wishes to announce that the Company has on �30 November 2012 entered into a Sale & Purchase Agreement (“SPA”) with Mr. Teo Chai Hock (NRIC No. 700818-01-5207) of No. 1 Jalan Jelatang 19, Taman Megah Ria, 81750� Masai, Johor (“Purchaser”) to dispose of its properties held under Geran Mukim 417 Lot 17650 and Geran Mukim 418 Lot 17651, both in the Mukim Plentong, Daerah Johor Bahru, Negeri Johor with a total land area of� approximately 4.332 hectares or 466,292.60 sq. ft. (“Property”) for a total consideration of RM9,092,705.70 (“Consideration”) only. (hereinafter referred to “Disposal”) 2.����� DETAILS OF THE PROPOSED DISPOSAL �������� 2.1 �� Details of the Property ����������������� The details of the Property are as follows: �����������������������������������
�������� 2.2 �� Cost of Property The property was acquired by VS on 23 December 1989.� Based on the latest audited financial statements of the Company for the year ended 31 July 2012, the carrying amount of the Property is RM7,000,000. �������� 2.3 �� Estimated Gain on Disposal Based on the Consideration of RM9,092,705.70, the Disposal will result in a gain of approximately RM1.9 million for the financial year ending 31 July 2013 as below:
2.4������� Basis of Determining the Disposal Consideration The Consideration of RM9,092,705.70 for the Disposal was agreed after negotiation, �taking into consideration the prevailing market value of the Property and the latest audited carrying amount of RM7,000,000 as at 31 July 2012. 2.5������� Terms of Payment The Disposal Consideration of RM9,092,705.70 shall be satisfied in the following manner in accordance with the terms of the SPA: (a)��������� RM181,854.11 being 2% of the Disposal Consideration has been paid prior to the execution of the SPA; (b)�������� RM727,418.46 being 8% of the Disposal Consideration to be held by the Purchaser’s Solicitors in accordance with the Special Conditions given below; and (c)��������� RM8,183,435.13 being balance or 90% of the Disposal Consideration� to be paid in accordance with the Special Conditions given below. ����������������� The SPA stipulates that the completion date may be further extended for one (1) month and for which the Purchaser shall pay overdue interest of 8% per annum to the Company. ����������������� Special Conditions: i.������ Whereas an outright transfer of ownership of the said property cannot now be registered as there is a restriction in interest in the Title Deed that the said property cannot be transferred or charged without prior approval of the authority of the State Government/Pejabat Tanah/Pengarah Tanah dan Galian, Johor Bahru, Johor.�� ii.����� Upon signing the SPA, the Vendor shall apply to the Pengarah Tanah Dan Galian, Johor Bahru, Johor/Pejabat Tanah to release the restriction in the Title Deed. iii.���� The application of release of restriction in interest and any penalty imposed by Pengarah Tanah Dan Galian, Johor Bahru, Johor/Pejabat Tanah in the letter of consent shall be borne and paid by the Vendor. iv.���� The date of completion of the purchase of the said property shall be within four (4) months from the date of receipt by the Vendor of the letter of consent issued by the Pengarah Tanah Dan Galian, Johor Bahru, Johor/Pejabat Tanah and the Vendor shall within three (3) days from the date of obtaining the said letter of consent forward a copy of the same to the Purchaser’s Solicitor. v.����� In the event the Purchaser is unable to pay the balance purchase price on or before the date of completion subject to Special Condition iv. above, the Vendor shall automatically grant to the Purchaser an extension of one (1) month on condition that the Purchaser shall pay such interest of eight per centum (8%) per annum calculated on daily rest on such portion of the balance purchase price remaining unpaid. vi.���� The parties (i.e. Vendor & Purchaser) hereby agree that the balance purchase price (after deduction of the differential sum between the loan sum and the purchase price) shall be held by the Purchaser’s Solicitors as stakeholder and the same shall only be released to the Vendor within 14 working days after the Purchaser’s Solicitors having presented the transfer and the documents of title to the land registry and the presentation is accepted by the land registry. vii.��� The Vendor agrees that the sum stated in 2.5(b) above shall be held by the Purchaser’s Solicitors as stakeholder and the said sum shall be deposited into an interest-bearing account pending approval of the consent. The Purchaser herein irrevocably instructs the Purchaser’s Solicitor to pay the said sum being further deposit equivalent to 8% of the Purchase Price together with interest earned to the Vendor within four (4) working days in exchange of the letter of consent. viii.�� The Vendor further agrees to grant to the Purchaser a limited Power of Attorney for the sole purpose of applying to the relevant authorities for the development of the said property pending completion of this Agreement. �� 3.����� RATIONALE FOR THE DISPOSAL The Property is vacant and not utilised and the Disposal would also allow the Group to optimize the allocation of its capital in order to maximise its returns on investment through the utilisation of the proceeds from the Disposal. 4.����� UTILISATION OF PROCEEDS FROM THE DISPOSAL The proceeds arising from the Disposal of RM9,092,705.70 shall be utilized for working capital purposes after deducting incidental cost in relation to the Disposal. 5.����� ASSUMPTION OF LIABILITIES There are no liabilities including contingent liabilities and guarantees, to be assumed by VS and the Purchaser arising from the Disposal. 6.����� FINANCIAL EFFECTS 6.1������� Share capital and substantial shareholders’ shareholdings The Disposal will not have any effect in the share capital and substantial shareholders’ shareholdings as no new shares of VS are to be issued. 6.2������� Earnings per Share, Net Assets and Gearing�� Based on the net asset value of the Property of RM7,000,00 million in the latest published audited financial statements as at 31 July 2012, the Disposal will result in an estimated gain on disposal of approximately RM1.9 million to the Group.� This will translate to an estimated increase in earnings per share of RM0.01 per share. The Disposal will not have material effect on the net assets and gearing of the VS Group for the financial year ending 31 July 2013. 7.����� ESTIMATED TIME FRAME� Barring any unforeseen events arising from the fulfillment of conditions set in the SPA, the Disposal is expected to be completed by June 2013. 8.����� APPROVALS OF SHAREHOLDERS AND THE RELEVANT GOVERNMENT AUTHORITIES The SPA is not subject to the approval of the shareholders of VS and/or the relevant government authorities.� 9.����� DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS� None of the Directors and/or major shareholders and/or persons connected to the Directors and major shareholders of VS, have any interest, direct or indirect, in the Disposal. 10.��� STATEMENT BY DIRECTORS� The Board of Directors of VS, having considered all aspects of the Disposal, is of the opinion that the Disposal is in the best interest of the Company. 11.��� PERCENTAGE RATIOS� Based on VS’s audited financial statements for the financial year ended 31 July 2012, the highest percentage ratio applicable under paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 4.8%, arrived at based on the net profits attributable to the Property compared with the net assets of the Company. 12.��� DOCUMENTS FOR INSPECTION� A copy of the SPA is available for inspection at the registered office of VS at Suite 7E, Level 7, Menara Ansar, 65 Jalan Trus, 80000 Johor Bahru, Johor during normal office hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of the announcement. � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � | |||||||||||||||||||||||
GTRONIC - Changes in Director's Interest (S135) - Dato' Ng Kweng Moh
| Company Name | GLOBETRONICS TECHNOLOGY BERHAD |
| Stock Name | GTRONIC |
| Date Announced | 4 Dec 2012 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-121204-39444 |
Information Compiled By KLSE
Particulars of Director
| Name | Dato' Ng Kweng Moh |
| Address | 66B Penang Street, 10200 Penang |
| 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) |
Acquired | 6,600 | 0.900 | |
Acquired | 2,800 | 0.800 |
| Circumstances by reason of which change has occurred | Exercised of ESOS by Ng Kok Choong (his son) |
| Nature of interest | Deemed |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | |
| Direct (%) | |
| Indirect/deemed interest (units) | 1,475,082 |
| Indirect/deemed interest (%) | |
| Date of notice | 04/12/2012 |
| Remarks : |
| The total percentage of securities acquired is negligible. This announcement is also made to comply with Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. |
GTRONIC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | GLOBETRONICS TECHNOLOGY BERHAD |
| Stock Name | GTRONIC |
| Date Announced | 4 Dec 2012 |
| Category | General Announcement |
| Reference No | CC-121204-004E6 |
| Type | Announcement | ||||||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||||||||
| Description | Notification of dealings by a Principal Officer in the securities of Globetronics Technology Bhd ("GTB" or "the Company") outside closed period. | ||||||||||||||||||||||||
Pursuant to paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Ng Kok Choong, a Principal Officer of GTB had transacted dealings in the securities of GTB as set out in the Table below : Name of Principal Officer : Ng Kok Choong
This announcement is dated 04 December 2012. | |||||||||||||||||||||||||
CCK - Changes in Director's Interest (S135) - Datuk Tiong Su Kouk
| Company Name | CCK CONSOLIDATED HOLDINGS BERHAD |
| Stock Name | CCK |
| Date Announced | 4 Dec 2012 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-121204-60078 |
Information Compiled By KLSE
Particulars of Director
| Name | Datuk Tiong Su Kouk |
| Address | No.7, Jalan Lada, 96000 Sibu, Sarawak |
| 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) |
Acquired | 236,700 | 0.987 |
| Circumstances by reason of which change has occurred | Purchase in open market |
| Nature of interest | Direct Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 8,579,222 |
| Direct (%) | 5.49 |
| Indirect/deemed interest (units) | 58,327,678 |
| Indirect/deemed interest (%) | 37.3 |
| Date of notice | 04/12/2012 |
| Remarks : |
| The 236,700 shares purchased by Datuk Tiong Su Kouk represent 0.15% of the total issued and paid up share capital of the Company (exclude 1,308,137 treasury shares). |
CCK - Changes in Sub. S-hldr's Int. (29B) - Datuk Tiong Su Kouk
| Company Name | CCK CONSOLIDATED HOLDINGS BERHAD |
| Stock Name | CCK |
| Date Announced | 4 Dec 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-121204-60293 |
Particulars of substantial Securities Holder
| Name | Datuk Tiong Su Kouk |
| Address | No. 7, Jalan Lada, 96000 Sibu, Sarawak. |
| NRIC/Passport No/Company No. | 420927-13-5105 |
| Nationality/Country of incorporation | Malaysian / Chinese |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.50 each |
| Name & address of registered holder | Datuk Tiong Su Kouk No. 7, Jalan Lada, 96000 Sibu, Sarawak. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 03/12/2012 | 236,700 | 0.987 |
| Remarks : |
| The 236,700 shares purchased by Datuk Tiong Su Kouk represent 0.15% of the total issued and paid up share capital of the Company (exclude 1,308,137 treasury shares). |
PLB - Changes in Director's Interest (S135) - Dato' Dr Ong Seng Soon
| Company Name | PLB ENGINEERING BERHAD |
| Stock Name | PLB |
| Date Announced | 4 Dec 2012 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-121203-33409 |
Information Compiled By KLSE
Particulars of Director
| Name | Dato' Dr Ong Seng Soon |
| Address | No. 27-PHD Bougainvilla Apt. Jalan 1/77B Off Jln Changkat Thambi Dollah 55100 Kuala Lumpur |
| Descriptions(Class & nominal value) | Ordinary Shares of RM1.00 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 5,000 | 1.034 |
| Circumstances by reason of which change has occurred | Acquisition |
| Nature of interest | Deemed |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 65,333 |
| Direct (%) | 0.08 |
| Indirect/deemed interest (units) | 53,838,136 |
| Indirect/deemed interest (%) | 65.531 |
| Date of notice | 04/12/2012 |
| Remarks : |
| Total no. of shares held after the change : -registered in the name of Dato' Dr Ong Seng Soon is 65,333 Ordinary shares (0.080%) -registered in the name of Leading Builders Sdn. Bhd. is 28,838,136 Ordinary shares (35.101%) -registered in the name of EB Nominees (Tempatan) Sdn Bhd (For Leading Builders Sdn. Bhd.) is 25,000,000 Ordinary shares (30.429%) -registered in the name of Fung Teng Hong is 145,667 Ordinary shares (0.177%) |
PLB - Changes in Director's Interest (S135) - Dato' Ong Choo Hoon
| Company Name | PLB ENGINEERING BERHAD |
| Stock Name | PLB |
| Date Announced | 4 Dec 2012 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-121203-33577 |
Information Compiled By KLSE
Particulars of Director
| Name | Dato' Ong Choo Hoon |
| Address | No. 7 Tingkat Kampung Kastam 12300 Butterworth |
| Descriptions(Class & nominal value) | Ordinary Shares of RM1.00 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 5,000 | 1.034 |
| Circumstances by reason of which change has occurred | Acquisition |
| Nature of interest | Deemed |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 2,733,095 |
| Direct (%) | 3.327 |
| Indirect/deemed interest (units) | 53,838,136 |
| Indirect/deemed interest (%) | 65.531 |
| Date of notice | 04/12/2012 |
| Remarks : |
| Total no. of shares held after the change : -registered in the name of Dato' Ong Choo Hoon is 2,733,095 Ordinary shares (3.327%) -registered in the name of Leading Builders Sdn. Bhd. is 28,838,136 Ordinary shares (35.101%) -registered in the name of EB Nominees (Tempatan) Sdn Bhd (For Leading Builders Sdn Bhd) is 25,000,000 (30.429%) -registered in the name of Ong Guat Hung is 221,666 Ordinary shares (0.270%) -registered in the name of Ong Guat Eong is 236,667 Ordinary shares (0.288%) -registered in the name of Ong Gohat Ng is 141,667 Ordinary shares (0.172%) -registered in the name of Ong Guat Choo is 100,667 Ordinary shares (0.123%) |
PLB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | PLB ENGINEERING BERHAD |
| Stock Name | PLB |
| Date Announced | 4 Dec 2012 |
| Category | General Announcement |
| Reference No | CC-121203-33305 |
| Type | Announcement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Description | Pursuant to Paragraph 14.09(a) of the Listing Requirements of Bursa Malaysia Securities Berhad, we have received notification from the following directors in relation to Leading Builders Sdn Bhd's dealings in the shares of PLB Engineering Berhad:- This announcement is dated 4 December 2012. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PLB - Changes in Sub. S-hldr's Int. (29B) - Leading Builders Sdn Bhd
| Company Name | PLB ENGINEERING BERHAD |
| Stock Name | PLB |
| Date Announced | 4 Dec 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-121203-34037 |
Particulars of substantial Securities Holder
| Name | Leading Builders Sdn Bhd |
| Address | 51-13-A Menara BHL Bank Jalan Sultan Ahmad Shah 10050 Penang |
| NRIC/Passport No/Company No. | 347400X |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | Leading Builders Sdn Bhd (28,838,136 ordinary shares) 51-13-A Menara BHL Bank Jalan Sultan Ahmad Shah 10050 Penang EB Nominees (Tempatan) Sdn. Bhd. (25,000,000 ordinary shares) (For Leading Builders Sdn. Bhd.) 11th Floor, Wisma Cyclecarri 288 Jalan Raja Laut 50350 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 30/11/2012 | 5,000 | 1.034 |
PLB - Changes in Sub. S-hldr's Int. (29B) - Dato' Ong Choo Hoon
| Company Name | PLB ENGINEERING BERHAD |
| Stock Name | PLB |
| Date Announced | 4 Dec 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-121203-33721 |
Particulars of substantial Securities Holder
| Name | Dato' Ong Choo Hoon |
| Address | No. 7 Tingkat Kampung Kastam 12300 Butterworth |
| NRIC/Passport No/Company No. | 390730-71-5283 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | Dato’ Ong Choo Hoon (2,733,095 ordinary shares) No. 7 Tingkat Kampung Kastam 12300 Butterworth Leading Builders Sdn. Bhd. (28,838,136 ordinary shares) 51-13-A Menara BHL Bank Jalan Sultan Ahmad Shah 10050 Penang EB Nominees (Tempatan) Sdn. Bhd. (25,000,000 ordinary shares) (For Leading Builders Sdn. Bhd.) 11th Floor, Wisma Cyclecarri 288 Jalan Raja Laut 50350 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 30/11/2012 | 5,000 | 1.034 |
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