January 3, 2013

Company announcements: MBL, DKSH, TAKAFUL, LITRAK, YTLPOWR, SEEHUP, THHEAVY, DESTINI, WCT

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

Announcement Type: General Announcement
Company NameMUAR BAN LEE GROUP BERHAD  
Stock Name MBL  
Date Announced3 Jan 2013  
CategoryGeneral Announcement
Reference NoMB-130103-41988

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) under Chapter 14 of Bursa Securities Listing Requirements on Dealing in Securities, we wish to notify that we have received notification(s) from the following Director(s)/ Principal Officer(s) of Muar Ban Lee Group Berhad (“MBL”) in relation to his/her dealings in MBL securities outside closed period as follows:

Name of Director : Dato' Chua Ah Ba @ Chua Eng Ka

Description of Securities
Date of Transaction
Acquired/Disposed
Acquired price per unit (RM)
% of Securities Acquired
Ordinary Shares of RM0.50 each
02-01-2013
45,800 (Acquired)
0.950
0.05

This announcement is dated 3 January 2013.


MBL - Changes in Director's Interest (S135) - DATO' CHUA AH BA @ CHUA ENG KA

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMUAR BAN LEE GROUP BERHAD  
Stock Name MBL  
Date Announced3 Jan 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoMB-130103-42564

Information Compiled By KLSE

Particulars of Director

NameDATO' CHUA AH BA @ CHUA ENG KA
AddressNO. JR52, LOT 1818, JALAN RAJA, KAWASAN PERINDUSTRIAN BUKIT PASIR, 84300 MUAR, JOHOR DARUL TAKZIM.
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
02/01/2013
45,800
0.950 

Circumstances by reason of which change has occurredACQUISITION OF SHARES
Nature of interestDIRECT INTEREST
Consideration (if any) 

Total no of securities after change

Direct (units)221,600 
Direct (%)0.24 
Indirect/deemed interest (units)42,055,980 
Indirect/deemed interest (%)45.71 
Date of notice03/01/2013

Remarks :
The indirect interest of Dato' Chua Ah Ba @ Chua Eng Ka are as follows :-

1. MBL Realty Sdn. Bhd. - 41,605,980
(Deemed interested by virtue of the director)

2. Mr Chua En Hom - 150,000
(Deemed interested by virtue of him being his brother)

3. Mr Chua Eng Hui - 150,000
(Deemed interested by virtue of him being his brother)

4. Mr Chua Heok Wee - 150,000
(Deemed interested by virtue of him being his son)

The changes in direct interest is due to acquisition of 45,800 shares on 2/01/2013.


DKSH - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Angkatan Tentera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameDKSH HOLDINGS (MALAYSIA) BERHAD  
Stock Name DKSH  
Date Announced3 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDH-130103-9D83A

Particulars of substantial Securities Holder

NameLembaga Tabung Angkatan Tentera
AddressTingkat 10-12, Bangunan LTAT, Jalan Bukit Bintang,
55100 Kuala Lumpur, Malaysia
NRIC/Passport No/Company No.ACT1011973
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderLembaga Tabung Angkatan Tentera ("LTAT")
Tingkat 10-12, Bangunan LTAT, Jalan Bukit Bintang,
55100 Kuala Lumpur, Malaysia

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed26/12/2012
20,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change13,678,000
Date of notice02/01/2013

Remarks :
This announcement is based on the information in LTAT's Notice of Change in the Interest of Substantial Shareholder (Form 29B) dated 2 January 2013. The said Form 29B was received by the Company on 3 January 2013.


TAKAFUL - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSYARIKAT TAKAFUL MALAYSIA BERHAD  
Stock Name TAKAFUL  
Date Announced3 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoST-130103-37198

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARD
AddressTINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD
LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG
50450 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/12/2012
361,500
 

Circumstances by reason of which change has occurredDisposal
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change14,231,620
Date of notice31/12/2012

Remarks :
The Notice of Changes in Substantial Shareholder's Interest (Form 29B) was received on 3 January 2013.


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

Announcement Type: Listing Circular
Company NameLINGKARAN TRANS KOTA HOLDINGS BERHAD  
Stock Name LITRAK  
Date Announced3 Jan 2013  
CategoryListing Circular
Reference NoNE-130102-55171

LISTING'S CIRCULAR NO. L/Q : 66850 OF 2013

Kindly be advised that the abovementioned Company’s additional 13,000 new ordinary shares of RM0.20 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Friday, 4 January 2013.


YTLPOWR - YTLPOWR-EXERCISE OF 31,069 WARRANTS 2008/2018 ("EXERCISE")

Announcement Type: Listing Circular
Company NameYTL POWER INTERNATIONAL BHD  
Stock Name YTLPOWR  
Date Announced3 Jan 2013  
CategoryListing Circular
Reference NoNE-130102-44400

LISTING'S CIRCULAR NO. L/Q : 66848 OF 2013

Kindly be advised that the abovementioned Company’s additional 31,069 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Friday, 4 January 2013.


SEEHUP - Change in Audit Committee (Amended Announcement)

Announcement Type: Change in Audit Committee
Company NameSEE HUP CONSOLIDATED BERHAD  
Stock Name SEEHUP  
Date Announced3 Jan 2013  
CategoryChange in Audit Committee
Reference NoCC-130103-39124

Date of change01/01/2013
NameLoo Kam Weng
Age69
NationalityMalaysian
Type of changeResignation
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsBachelor of Arts from University of Malaya 
Working experience and occupation Mr Loo retired from the Government service in 1998 after serving 32 years in the State and Local Government Administration in Penang. He held various senior administrative positions at district and state levels during his service with the State Government from 1966 to 1972. He served in the Seberang Perai Municipal Council from 1972 to 1998. His last appointment was Municipal Secretary at the Majlis Perbandaran Seberang Perai. 
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 subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)Chairman:
Ng Shiek Nee - Independent Non-Executive Director

Member:
Bee Sieong Heng - Non-Independent Non-Executive Director

Remarks :
1) The Company will fill the vacancy within 3 months.

2) This announcement will supersede the announcement made yesterday where the Directorate of the members were omitted.


THHEAVY - TH 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 JV (COLLECTIVELY KNOWN AS THE “PROPOSALS”)

Announcement Type: General Announcement
Company NameTH HEAVY ENGINEERING BERHAD  
Stock Name THHEAVY  
Date Announced3 Jan 2013  
CategoryGeneral Announcement
Reference NoMB-130103-45487

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDCY-121228-52432
SubjectTH 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 JV
(COLLECTIVELY KNOWN AS THE “PROPOSALS”)
DescriptionWith reference to the letter from Bursa Securities Malaysia Berhad dated 28 December 2012 in respect of the Company’s announcement dated 21 December 2012 on the Proposals, on behalf of the Company, AmInvestment Bank Berhad wishes to announce additional information as set out in the attachment.

This announcement is dated 3 January 2013.
Query Letter Contents We refer to THHEAVY's announcement dated 21 December 2012 in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
Details of the acquisition of DB30 by BMD.
Description of DB30.
To tabulate the estimations and adjustments to arrive at the estimated adjusted
net asset (“NA”) value of BMD and its subsidiary (“BMD Group”) as at 31
December 2012 of RM259.75 million.
To quantify the agreed value of DB30.
Justifications for the discount of 5% to the market value of DB30.
Brief details on the valuation for DB30, and the date and method of valuation.
To include the valuation of DB30 as document for inspection.
To explain the basis and assumptions in arriving at each of the following: (a)
estimated unabsorbed tax loss carry forward not yet recorded on the balance
sheets of BMD Group, (b) estimated 2013 profit after tax (“PAT”) earned /to
be earned on projects in backlog as of 31 December 2012 and/or specified
projects, (c) estimated 2013 expenses recorded by BMD Group (comprising largely
of the idle cost and marine support direct operating expenses in respect of
DB30), and (d) estimated bid support costs incurred for the benefit of the
Proposed JV.
To state the basis of arriving at the actual amount of unabsorbed tax loss
carry forward not yet recorded, actual 2013 PAT earned on projects in backlog
as of 31 December 2012 and/or specified projects, actual 2013 expenses recorded
by BMDL Group and actual bid support costs incurred for the benefit of the
Proposed JV to calculate the 2013 BMD Net Equity.
To state the formula to calculate the 2013 BMD Net Equity.
To indicate the timeframe to determine the final determination of the 2013 BMD
Net Equity.
To state the terms and mode of payment for the difference between the BMD
Adjusted Consideration and the BMD Purchase Consideration.
To quantify the remaining contract value for the 2 backlog projects of BMD.
In respect of the plans to upgrade the DB30, to clarify and to quantify the
liabilities / guarantee to be incurred, assumed or provided THHeavy Group.
To quantify the estimated additional financial commitments required for DB30
which is attributable to the THHeavy Group.
Details of the transfers of Pulau Indah Land to THF.
Description of the Pulau Indah Land and the Yard.
To tabulate the estimations and adjustments to arrive at the estimated adjusted
NA value of THF as at 31 December 2012 of RM259.75 million.
To quantify the agreed value of the Yard.
Justifications for the discount of 5% to the market value of the Yard.
Brief details on the valuation for the Yard, and the date and method of
valuation.
To include the valuation of the Yard as document for inspection.
To explain the basis and assumptions in arriving at each of the following: (a)
estimated unabsorbed tax loss carry forward not yet recorded on the balance
sheets of THF, (b) estimated 2013 PAT earned / to be earned on projects in
backlog as of 31 December 2012 and/or specified projects, and (c) estimated bid
support costs incurred for the benefit of the Proposed JV.
To state the basis of arriving at the actual amount of unabsorbed tax loss
carry forward not yet recorded, actual 2013 PAT earned on projects in backlog
as of 31 December 2012 and/or specified projects, actual bid support costs
incurred for the benefit of the Proposed JV less any amount recorded in the
balance sheet with respect to the litigation suit filed by THF against a
contractor.
Details of the “litigation suit filed by THF against a contractor”.
To state the formula to calculate the 2013 THF Net Equity.
To indicate the timeframe to determine the final determination of the 2013 THF
Net Equity.
To state the terms and mode of payment for the difference between the THF
Adjusted Consideration and the THF Disposal Consideration.
To quantify the remaining contract value for backlog projects of THF.
To incorporate description and outlook of the specific segment of the oil and
gas industry where BMD and THF operate.
To clarify the license required by THHeavy for the EPC-related projects.
To state the effect of the Proposals on the earnings per share for the
financial year ending 31 December 2013.

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


Yours faithfully




SUZALINA HARUN
Head, Issuers
Listing Division
Regulation

/WCY

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


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

Announcement Type: General Announcement
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced3 Jan 2013  
CategoryGeneral Announcement
Reference NoOS-130103-92DA6

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionDESTINI BERHAD (“DESTINI” OR “THE COMPANY”)

PROPOSED ACQUISITION OF AN INDUSTRIAL PROPERTY HELD UNDER GRN 215163, LOT NO. 61768, BANDAR GLENMARIE, DISTRICT OF PETALING, STATE OF SELANGOR (“PROPERTY”) BY DESTINI FROM CSL MANUFACTURING (M) SDN BHD FOR A CASH CONSIDERATION OF RM14,800,000 (“PROPOSED ACQUISITION”)

On behalf of the Board of Directors of Destini , M&A Securities Sdn Bhd wishes to announce that Destini had on 2 January 2013, entered into a sale and purchase agreement with CSL Manufacturing (M) Sdn Bhd for the proposed acquisition of the Property bearing the postal address at No. 10, Jalan Jurunilai U1/20, Hicom-Glenmarie Industrial Park, 40150 Shah Alam, Selangor Darul Ehsan, for a cash consideration of RM14,800,000 ("Proposed Acquisition").

Further details of the Proposed Acquisition are set out in the attachment herein.

This announcement is dated 3 January 2013.



WCT - WCT-EXERCISE OF 1,668,100 WARRANTS 2008/2013 ("EXERCISE")

Announcement Type: Listing Circular
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced3 Jan 2013  
CategoryListing Circular
Reference NoNE-130102-54122

LISTING'S CIRCULAR NO. L/Q : 66849 OF 2013

Kindly be advised that the abovementioned Company’s additional 1,668,100 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00a.m., Friday, 4 January 2013.


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