January 2, 2013

Company announcements: IBHD, SEB, KBB, PICORP, DESTINI, EMETALL

IBHD - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Datuk Lim Kim Hong

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameI-BERHAD  
Stock Name IBHD  
Date Announced2 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoII-130102-6DF94

Particulars of substantial Securities Holder

NameTan Sri Datuk Lim Kim Hong
AddressNo. 14, Jalan 16/14, 46350 Petaling Jaya, Selangor Darul Ehsan
NRIC/Passport No/Company No.510419-01-5501
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holder(a) Tan Sri Datuk Lim Kim Hong of No. 14, Jalan 16/14, 46350 Petaling Jaya, Selangor Darul Ehsan

(b) Sumurwang Sdn Bhd of D-1-4, Jalan Multimedia 7/AJ, CityPark, i-City, 40000 Shah Alam, Selangor Darul Ehsan

(c) Sumurwang Capital Sdn Bhd of D-1-4, Jalan Multimedia 7/AJ, CityPark, i-City, 40000 Shah Alam, Selangor Darul Ehsan

(d) Sumur Ventures Sdn Bhd of D-1-4, Jalan Multimedia 7/AJ, CityPark, i-City, 40000 Shah Alam, Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others28/12/2012
30,500
 
Others28/12/2012
5,685,552
 

Description of other type of transactionDistribution of share dividend by I-Berhad
Circumstances by reason of which change has occurredIncrease in direct and indirect interest in I-Berhad arising from the distribution of share dividend as follows:-

Direct - 30,500 shares
Indirect - 5,685,552 shares
Nature of interestDirect & Indirect
Direct (units)457,500 
Direct (%)0.4 
Indirect/deemed interest (units)85,283,307 
Indirect/deemed interest (%)74.81 
Total no of securities after change85,740,807
Date of notice02/01/2013

Remarks :
Deemed interest in 85,283,307 ordinary shares of RM1.00 each in the Company by virtue of Section 6A(4) of the Companies Act, 1965 in respect of his substantial shareholdings in Sumur Ventures Sdn Bhd.

This announcement is dated 2 January 2013.


SEB - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameSEREMBAN ENGINEERING BERHAD  
Stock Name SEB  
Date Announced2 Jan 2013  
CategoryGeneral Announcement
Reference NoCM-130102-61533

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionSEREMBAN ENGINEERING BERHAD (“SEB” or “the Company”)
Provision of Financial Assistance to Selekta Spektra Sdn. Bhd.
(“SELEKTA”) by SEB

Pursuant to Paragraph 8.23(1)(iii) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Main LR”) on the provision of financial assistance, the Board of Directors of SEB wishes to announce that SEB had on 02nd January 2013 provided financial assistance to SELEKTA, a 40%-owned associate company of the Company in the form of cash advance totaling RM 1,200,000.00.

This announcement is dated 02nd January 2013.

The detail of the announcement are shown in the attachment.



KBB - Changes in Sub. S-hldr's Int. (29B) - Dato' Sri Navaneethakrishner A/L Kathirgamatamby

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKBB RESOURCES BERHAD  
Stock Name KBB  
Date Announced2 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130102-46998

Particulars of substantial Securities Holder

NameDato' Sri Navaneethakrishner A/L Kathirgamatamby
AddressNo. 5 Medan Bayan Indah 11900 Bayan Lepas, Penang
NRIC/Passport No/Company No.701101-08-5667
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1. Dato' Sri Navaneethakrishner A/L Kathirgamatamby of No. 5 Medan Bayan Indah, 11900 Bayan Lepas, Penang
2. Datin Sri Harumi Takizawa of No. 5 Medan Bayan Indah, 11900 Bayan Lepas, Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/12/2012
2,476,000
 

Circumstances by reason of which change has occurredOpen market disposals by Datin Sri Harumi Takizawa (spouse)
Nature of interestDeemed
Direct (units)5,900,000 
Direct (%)4.92 
Indirect/deemed interest (units)4,355,400 
Indirect/deemed interest (%)3.63 
Total no of securities after change10,255,400
Date of notice02/01/2013


PICORP - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced2 Jan 2013  
CategoryChange in Audit Committee
Reference NoCK-130102-33282

Date of change01/01/2013
NameDATUK ABDUL HAMID BIN SAWAL
Age63
NationalityMALAYSIAN
Type of changeRedesignation
Previous PositionChairman of Audit Committee
New PositionMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsBachelor of Economics from the University of Malaya and MBA
in Agribusiness from University of Santa Clara, California, USA 
Working experience and occupation He joined the Malaysian Civil
Service in 1971 and initially served in the Ministry of Finance Division (Treasury) and later
was transferred to the Accountant General’s Department. In 1974, he joined the Ministry of
Primary Industries and in 1989, he was transferred to the Economic Planning Unit in the
Prime Minister’s Department as Head of Privatization Task Force. In 1997, he was appointed
as Deputy Director General (Sectoral) in the Economic Planning Unit. In June 1999, he was
transferred back to the Ministry of Primary Industries as Deputy Secretary General and was
seconded to the Malaysian Rubber Board as the Director General in January 2000 and served
until his retirement from the public service in January 2006. 
Directorship of public companies (if any)PJBumi Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)LEE WENG CHONG - CHAIRMAN (INDEPENDENT NON-EXEECUTIVE DIRECTOR)
DATUK ABDUL HAMID BIN SAWAL - MEMBER (INDEPENDENT NON-EXECUTIVE DIRECTOR)
ZAIDAH BINTI MOHD SALLEH - MEMBER (NON-INDEPENDENT NON-EXECUTIVE DIRECTOR)


PICORP - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced2 Jan 2013  
CategoryChange in Audit Committee
Reference NoCK-130102-32803

Date of change01/01/2013
NameLEE WENG CHONG
Age54
NationalityMALAYSIAN
Type of changeRedesignation
Previous PositionMember of Audit Committee
New PositionChairman of Audit Committee
DirectorateIndependent & Non Executive
QualificationsUniversity of Aston, United Kingdom with a Bachelor of Science Degree in Chemical Engineering and Chartered Chemical Engineer
from the Institute of Chemical Engineers, United Kingdom 
Working experience and occupation He started his career with Alfa
Laval in United Kingdom, a global process equipment supplier and subsequently continued
to serve the company in Singapore. He then joined Invensys Software Systems (S) Pte Ltd
and was operationally responsible for a number of businesses from Industrial Automation
to Process Equipment to ERP Systems, covering the Asia Pacific region. He is currently
the President for Asia Pacific region at Trelleborg Sealing Solutions based in Singapore, a
company that provides speciality polymer seals and sealing solutions. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect: 1,050,000 ordinary shares of RM0.10 each in the Company 
Composition of Audit Committee (Name and Directorate of members after change)LEE WENG CHONG - CHAIRMAN (INDEPENDENT NON-EXEECUTIVE DIRECTOR)
DATUK ABDUL HAMID BIN SAWAL - MEMBER (INDEPENDENT NON-EXECUTIVE DIRECTOR)
ZAIDAH BINTI MOHD SALLEH - MEMBER (NON-INDEPENDENT NON-EXECUTIVE DIRECTOR)


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

Announcement Type: General Announcement
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced2 Jan 2013  
CategoryGeneral Announcement
Reference NoCK-130102-62167

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPROGRESSIVE IMPACT CORPORATION BERHAD - DISPOSAL OF THE COMPANY’S ENTIRE SHAREHOLDING OF 15,100,000 ORDINARY SHARES OF RM0.50 EACH IN PJ BUMI BERHAD REPRESENTING 30.2% OF THE TOTAL ISSUED AND PAID UP SHARE CAPITAL OF PJBUMI BERHAD TO ECE TECHNOLOGIES SDN BHD FOR A CONSIDERATION OF RM0.3311 PER PJBUMI SHARE TOTALING RM5,000,000

Further to the announcement made on 28 December 2012, the Board of Progressive Impact Corporation Berhad ("PICORP") wishes to inform the following:-

The expected gain arising from the Proposed Disposal is RM 5,000,000.00.

The earnings of the Company are expected to improve from the expected gain arising from the Proposed Disposal.

The proforma effects of the Proposed Disposal on the earnings and net assets of the Company based on the Company’s audited consolidated financial statements as at financial year ended 31 December 2011 are set out below:-

Earnings

Profit / (Loss) after taxation (RM ‘000)

Earnings / (loss)per share (sen)

Audited for the financial year ended 31 December 2011

11,392

1.7

Gain arising from the Proposed Disposal

5,000

After the Proposed Disposal

16,392

2.5

Net Assets (“NA”)

Audited Accounts as at 31 December 2011(RM ‘000)

After the Disposal (RM ‘000)

Share Capital

65,800

65,800

Share Premium

170

170

Other Reserves

2,579

2,579

Retained Earnings

29,193

34,193

Shareholders Equity / Net Assets

97,742

102,742

No. of Ordinary Shares (‘000)

658,000

658,000

Par value of shares

RM0.10

RM0.10

NA Per Share (sen)

14.8

15.6



DESTINI - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced2 Jan 2013  
CategoryGeneral Announcement
Reference NoCC-130102-8D533

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionDESTINI BERHAD (FORMERLY KNOWN AS SATANG HOLDINGS BERHAD) ("DESTINI" or "THE COMPANY")
- Monthly Announcement on Status of Plan to Regularise Condition Pursuant to Practice Note No. 17 of the Main Market Listing Requirements (“PN17”) of Bursa Malaysia Securities Berhad

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Corporate Exercises.

Reference is made to the Company’s announcements dated 7 May 2008 (“First Announcement”), 2 June 2008, 1 July 2008, 1 August 2008, 2 September 2008, 3 October 2008, 7 October 2008, 3 November 2008, 1 December 2008, 22 December 2008, 6 January 2009, 7 January 2009, 15 January 2009, 3 February 2009, 2 March 2009, 24 March 2009, 1 April 2009, 2 April 2009, 23 April 2009, 6 May 2009, 1 June 2009, 22 June 2009, 1 July 2009, 2 July 2009, 3 July 2009, 6 July 2009, 7 July 2009, 17 July 2009, 3 August 2009, 1 September 2009, 7 September 2009, 27 October 2009, 30 October 2009, 2 November 2009, 16 November 2009, 1 December 2009, 5 January 2010, 2 February 2010, 1 March 2010, 1 April 2010, 28 April 2010, 3 May 2010, 1 June 2010, 1 July 2010, 2 August 2010, 1 September 2010, 1 October 2010, 1 November 2010, 1 December 2010, 3 January 2011, 2 February 2011, 2 March 2011, 10 March 2011, 23 March 2011, 1 April 2011, 3 May 2011, 1 June 2011, 1 July 2011, 1 August 2011, 2 September 2011, 26 September 2011, 3 October 2011, 1 November 2011, 1 December 2011, 3 January 2012, 2 February 2012, 17 February 2012, 1 March 2012, 2 April 2012, 2 May 2012, 24 May 2012, 31 May 2012, 1 June 2012, 25 June 2012, 29 June 2012, 2 July 2012, 1 August 2012, 10 August 2012, 3 September 2012, 6 September 2012, 13 September 2012, 1 October 2012, 1 November 2012 and 3 December 2012 respectively.

The Board of Directors of Destini Berhad (“Destini” or “the Company”) wishes to inform that the Corporate Exercises had been completed on 13 September 2012. Please refer to the Company’s announcement dated 13 September 2012 for further information.

Destini will make an application to Bursa Malaysia Securities Berhad for an upliftment from its PN17 status upon recording a net profit in two (2) consecutive quarters immediately after the completion and implementation of the restructuring scheme.

This announcement is dated 2 January 2013.



DESTINI - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced2 Jan 2013  
CategoryGeneral Announcement
Reference NoOS-130102-63318

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionDESTINI BERHAD ("DESTINI” OR THE “COMPANY”)

PRIVATE PLACEMENT OF UP TO 33,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN DESTINI, REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DESTINI TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED (“PRIVATE PLACEMENT”)

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcements dated 27 November 2012 and 30 November 2012.

Reference is made to the announcements dated 27 November 2012, 30 November 2012, 7 December 2012 and 31 December 2012 in relation to the Private Placement. M&A Securities Sdn Bhd is pleased to announce that the Company has fixed the issue price of the Placement Shares at RM0.30 per Placement Share.

The aforementioned issue price of RM0.30 per Placement Share represents a discount of approximately RM0.033 or 9.91% from the five (5)-day weighted average market price of Destini Share from 24 December 2012 to 31 December 2012 (being the market day preceding to the date of this announcement) of approximately RM0.333 per share.

This announcement is dated 2 January 2013.



EMETALL - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameEONMETALL GROUP BERHAD  
Stock Name EMETALL  
Date Announced2 Jan 2013  
CategoryChange in Boardroom
Reference NoCC-121227-59671

Date of change01/01/2013
NameYeoh Cheng Chye
Age44
NationalityMalaysian
Type of changeRedesignation
Previous PositionExecutive Director
New PositionManaging Director
DirectorateExecutive
QualificationsMr Yeoh Cheng Chye graduated from University Pertanian Malaysia with a Bachelor in Computer Science (Hons) in year 1993.

In year 2004, Mr Yeoh obtained his Master in Business Administration from the University of Southern Pacific, United States. 
Working experience and occupation Mr Yeoh Cheng Chye started his career in 1993 as a Systems Engineer I with Seagate Sdn. Bhd., Penang, a manufacturer of hard disc drives, where he was involved in IT and test engineering systems support. In 1995, he was promoted to System Engineer II and Project Manager.

He left in 1996 to join Southern Steel Berhad as a Senior Systems Analyst where he headed the IT division for automation and manufacturing.

In 1997, he joined Leader Steel Holdings Berhad as Management Information System Manager where he was responsible for the overall management of the IT function.

He was appointed as the Executive Director of Eontarr IT Solutions Sdn. Bhd. in year 1999 and Chief Operating Officer of Eonmetall Technology Sdn. Bhd. in 2001.

Subsequently, he was promoted to Executive Director and Chief Operating Officer of the Group in 2005. He is mainly responsible for the overall general management and operation of the Group. 
Directorship of public companies (if any)NIL 
Family relationship with any director and/or major shareholder of the listed issuerNIL 
Any conflict of interests that he/she has with the listed issuerNIL 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest in EMETALL - 1,553,636 ordinary shares 

Remarks :
Mr Yeoh Cheng Chye, the Executive Director, is redesignated as Managing Director and Chief Executive Officer of EMETALL effective 1 January 2013.

This announcement is dated 2 January 2013.


EMETALL - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameEONMETALL GROUP BERHAD  
Stock Name EMETALL  
Date Announced2 Jan 2013  
CategoryChange in Boardroom
Reference NoCC-121227-59103

Date of change01/01/2013
NameDato' Goh Cheng Huat
Age52
NationalityMalaysian
Type of changeRedesignation
Previous PositionManaging Director
New PositionExecutive Director
DirectorateExecutive
QualificationsPresently, pursuing a Asia-Pacific Executive MBA (Chinese) at the National University of Singapore. 
Working experience and occupation Founder of the Group, Dato' Goh Cheng Huat has extensive experience, expertise and knowledge in the processing of iron and steel products.

During the past 25 years, he has been associated with the industry. He has accumulated invaluable skills, which includes the invention and enhancement of steel making machines and its related processes. 
Directorship of public companies (if any)Leader Steel Holdings Berhad  
Family relationship with any director and/or major shareholder of the listed issuerHe is the brother of Goh Kee Seng, a Non-Independent Non-Executive Director of EMETALL. 
Any conflict of interests that he/she has with the listed issuerNIL 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest in EMETALL - 30,420,000 ordinary shares
Indirect interest in EMETALL - 84,049,128 ordinary shares (Eonmetall Corporation Sdn. Bhd.)  

Remarks :
Dato' Goh Cheng Huat, the Managing Director, is redesignated as Executive Director of EMETALL effective 1 January 2013.

This announcement is dated 2 January 2013.


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