January 14, 2013

Company announcements: PERDANA, HAISAN, SCOMI, DESTINI, EMETALL, HEXAGON, VINTAGE, HINGYAP, AIRB

PERDANA - OTHERS Perdana Petroleum Berhad (“PPB” or the “Company”) Termination of Bareboat Charter and Option Arrangements on the accommodation workbarge, “Petra Excelsior”

Announcement Type: General Announcement
Company NamePERDANA PETROLEUM BERHAD  
Stock Name PERDANA  
Date Announced14 Jan 2013  
CategoryGeneral Announcement
Reference NoCA-130114-E458B

TypeAnnouncement
SubjectOTHERS
DescriptionPerdana Petroleum Berhad (“PPB” or the “Company”)
Termination of Bareboat Charter and Option Arrangements on the accommodation workbarge, “Petra Excelsior”

Further to the Company’s announcement on 2 May 2010, the Company wishes to announce that its wholly-owned subsidiary, Perdana Mercury Limited (PML) had on 10 January 2013 mutually agreed to terminate the bareboat charter arrangement with Mount Bintang LLC (“Mount Bintang”) on the accommodation workbarge, “Petra Excelsior” (“the Vessel”) as well as the option to purchase the Vessel at agreed times with Mount Bintang.

The termination of the bareboat charter arrangement with Mount Bintang is part of the fleet renewal programme.

The termination of the bareboat charter and option arrangements on the Vessel does not have any effect on the issued and paid-up share capital of PPB or the shareholdings of PPB’s substantial shareholders and is not expected to have any material effect on the earnings, net assets as well as gearing of PPB Group for the financial year ending 31 December 2013.

None of the Directors, major shareholders or persons connected with them is interested, directly or indirectly, in the above termination of bareboat charter and option arrangements on the Vessel.

This announcement is dated 14 January 2013.



HAISAN - PRACTICE NOTE 17 / GUIDANCE NOTE 3:OTHERS

Announcement Type: General Announcement
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced14 Jan 2013  
CategoryGeneral Announcement
Reference NoHR-130114-56595

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
DescriptionHAISAN RESOURCES BERHAD (“HAISAN” OR “THE COMPANY”)
- ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

Further to the Company’s monthly announcement dated 2 January 2013 on the status of the Company’s regularisation plan pursuant to PN17 of the Main Market Listing Requirements of Bursa Securities, the Board of Directors of HAISAN wishes to inform that the Corporate Debt Restructuring Committee (CDRC) has on today approved the Company's request to extend the deadline for the signing of the revised Debt Restructuring Agreement to no later than 31 January 2013.

The Company will announce further developments on the above matter as and when necessary.

This announcement is dated 14 January 2013.


SCOMI - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):COMBINATION OF TRANSACTIONS

Announcement Type: General Announcement
Company NameSCOMI GROUP BERHAD  
Stock Name SCOMI  
Date Announced14 Jan 2013  
CategoryGeneral Announcement
Reference NoSG-130104-01E04

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
DescriptionSCOMI GROUP BHD (“SGB” OR “COMPANY”)

(I) PROPOSED INTERNAL REORGANISATION OF SCOMI OILFIELD LIMITED (“SOL”) GROUP OF COMPANIES (“SOL GROUP”); AND

(II) PROPOSED ACQUISITION BY SGB OF 16.71% AND 7.21% EQUITY INTEREST IN SCOMI OILTOOLS BERMUDA LIMITED FROM STANDARD CHARTERED PRIVATE EQUITY LIMITED (“SCPE”) AND FUJI INVESTMENTS I (“FII”), FOR A TOTAL CONSIDERATION OF USD6.16 MILLION (EQUIVALENT TO RM19.41 MILLION) (PROPOSED SOBL WESTERN ACQUISITION”).

We refer to the announcements made by Maybank Investment Bank Berhad (“Maybank IB”), on behalf of the Board of Directors of SGB (“Board”), on 29 February 2012 and 29 June 2012 respectively on the heads of agreement entered into between SGB and Scomi Marine Bhd (“SMB”), an associate company of SGB, on 29 February 2012 in relation to, inter-alia, the Proposed SOL Disposal.

Further to the abovementioned announcements, the Board had on 24 July 2012 announced that the Company proposed to undertake the Proposed SOL Reorganisation and, upon the completion of the Proposed SOL Disposal, to undertake the Proposed SOBL Western Acquisition. Further reference is made to the announcements dated 8 August 2012, 4 October 2012, 12 October 2012, 5 November 2012, 12 November 2012, 27 November 2012, 13 December 2012, 17 December 2012, 21 December 201226 December 2012, 31 December 2012 and 4 January 2013.

All the terms and definitions referred to in this announcement, unless otherwise defined, shall carry the same meaning as those in the abovementioned announcements.

The Board wishes to announce that the Proposed Vibratherm Disposal being part of the Proposed SOL Reorganisation, had been completed on 10 January 2013. The Company received the confirmation of completion of the Proposed Vibratherm Disposal on 14 January 2013.

This announcement is dated 14 January 2013.



SCOMI - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):OTHER ISSUE OF SECURITIES

Announcement Type: General Announcement
Company NameSCOMI GROUP BERHAD  
Stock Name SCOMI  
Date Announced14 Jan 2013  
CategoryGeneral Announcement
Reference NoML-130114-62006

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
DescriptionSCOMI GROUP BHD (“SGB” OR “THE COMPANY”)

PROPOSED ISSUANCE OF RM110.0 MILLION NOMINAL VALUE OF ZERO COUPON 3-YEAR REDEEMABLE CONVERTIBLE SECURED BONDS (“BONDS”) BY SGB TO IJM CORPORATION BERHAD (“IJM”) (“PROPOSED BONDS ISSUE”)
Reference is made to the earlier announcements dated 24 September 2012, 29 October 2012, 9 November 2012, 12 November 2012, 6 December 2012 and 14 December 2012 in relation to the Proposed Bonds Issue.
On behalf of the Board of Directors of SGB, Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad) (“HLIB”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has vide its letter dated 14 January 2013 approved the listing of up to 348,873,287 new ordinary shares of RM0.10 each to be issued pursuant to the conversion of the Bonds.

The approval by Bursa Securities for the Proposed Bonds Issue is subject to the following conditions:

(i) SGB and HLIB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Bonds Issue;

(ii) SGB and HLIB to inform Bursa Securities upon the completion of the Proposed Bonds Issue; and

(iii) SGB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonds Issue is completed.

This announcement is dated 14 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 Announced14 Jan 2013  
CategoryGeneral Announcement
Reference NoOS-130114-52096

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 TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DESTINI TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED (“PRIVATE PLACEMENT”)

On behalf of the Board of Directors of Destini, M&A Securities Sdn Bhd is pleased to announce that the Private Placement is deemed completed following the listing of and quotation for 33,000,000 Placement Shares on the Main Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m., 14 January 2013.

This announcement is dated 14 January 2013.



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

Announcement Type: General Announcement
Company NameEONMETALL GROUP BERHAD  
Stock Name EMETALL  
Date Announced14 Jan 2013  
CategoryGeneral Announcement
Reference NoCC-130114-58008

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionEONMETALL GROUP BERHAD
DISPOSAL OF A WHOLLY OWNED SUBSIDIARY, EONMETALL PETRO-CHEM (M) SDN. BHD., TO CORPORATE COSMO SDN. BHD. FOR TOTAL CASH CONSIDERATION OF RM2,000,002.00

Kindly refer to the attachment marked <<EGB-bm-ann130114-dInv-EPCSB-F.pdf>> for details of the announcement.



HEXAGON - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameHEXAGON HOLDINGS BHD  
Stock Name HEXAGON  
Date Announced14 Jan 2013  
CategoryGeneral Announcement
Reference NoCM-130114-62324

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionHexagon Holdings Berhad (the "Company")
Winding-Up Petition served on Hexagon Engineering Construction Sdn Bhd, a wholly-owned sub-subsidiary company of the Company by Central Bolts and Nuts (Kuantan) Sdn Bhd

Reference is made to the Company’s announcements dated 9 August 2012 and 5 November 2012.

The Board of Directors of the Company (the “Board”) wishes to announce that pursuant to an order of the High Court in Malaya at Kuala Lumpur, Mr. Wong Cham Mew (“Liquidator”) has been appointed as liquidator to replace the Official Receiver of Hexagon Engineering Construction Sdn Bhd (In Liquidation) (“HEC”), a wholly-owned sub-subsidiary company of the Company.

(a) Date of Appointment

The Liquidator is appointed as Liquidator of HEC on 11 January 2013.

(b) Particulars of the Liquidator

The Liquidator is a licensed liquidator and is practising at O&M Corporate Advisory Sdn Bhd, C-6-3A, 6th Floor, Block C, Megan Avenue II, No 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur.

(c) Details of the events leading to the appointment of the Liquidator

The details of the events can be referred to in our announcement dated 5 November 2012.

(d) Terms of reference of the Liquidator

The Liquidator shall have and may exercise the functions and powers of a liquidator as provided and permitted by the law.

(e) Financial and operational impact on the Hexagon Group

The liquidation is not expected to have any material impact on the financial and operational matters of the Hexagon Group.

(f) Effects of the appointment on the business operations

The activities and businesses of HEC under the control and management of its Board of Directors and senior management shall cease. The liquidation is not expected to have any material effect on the business operations of the Hexagon Group.

(g) Steps taken by the Company in respect of the appointment of the Liquidator

The Company shall give full co-operation with regards to all the legal requirements, procedures and documentations requested by the Liquidator.

(h) Role of the board of directors in light of the appointment

As a matter of law, the powers of the Board of Directors of HEC are exercised by the Liquidator.

This announcement is dated 14 January 2013.



VINTAGE - OTHERS VTI VINTAGE BERHAD (“VVB” or “the Company”) - Proposed Change of External Auditors

Announcement Type: General Announcement
Company NameVTI VINTAGE BERHAD  
Stock Name VINTAGE  
Date Announced14 Jan 2013  
CategoryGeneral Announcement
Reference NoCC-130114-57643

TypeAnnouncement
SubjectOTHERS
DescriptionVTI VINTAGE BERHAD (“VVB” or “the Company”)
- Proposed Change of External Auditors

The Board of Directors of VTI Vintage Berhad (“VVB” or “the Company”) wishes to announce that the auditors, Messrs. Omar Arif & Co. had on 11 January 2013 given notice in writing to the Company of their intention to resign as the auditors of the Company. Their resignation will only take effect immediately on the appointment of new auditors pursuant to Section 172 (15) of the Companies Act, 1965.

On 11 January 2013, the Company has received a notice of nomination from Dato’ Beh Hang Kong, a substantial shareholder of the Company for the proposed nomination of Messrs. CHI-LLTC (formerly known as Messrs LLTC) as the auditors of the Company for the financial year ended 31 December 2012 in place of the resigning auditors, Messrs. Omar Arif & Co. (“Proposed Change of Auditors”).

The Proposed Change of Auditors is subject to and conditional upon approval to be obtained from the shareholders at an Extraordinary General Meeting (“EGM”) to be convened.

This announcement is dated 14 January 2013.



HINGYAP - PUBLIC SHAREHOLDINGS SPREAD

Announcement Type: General Announcement
Company NameHING YIAP GROUP BERHAD  
Stock Name HINGYAP  
Date Announced14 Jan 2013  
CategoryGeneral Announcement
Reference NoCS-130114-5B2CB

TypeAnnouncement
SubjectPUBLIC SHAREHOLDINGS SPREAD
DescriptionHING YIAP GROUP BERHAD ("HING YIAP" or "the Company")
- PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.02 (1) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA MALAYSIA")
The Board of Directors of HING YIAP wishes to inform that HING YIAP is not in compliance with the required public shareholding spread pursuant to Paragraph 8.02 (1) of the Main Market Listing Requirements of Bursa Malaysia. Based on the Register of Depositors as at 31 December 2012, the public shareholding spread of HING YIAP is 23.14%.

The above percentage represents a shortfall of 1.86% from the minimum percentage of 25% of the total issued and paid-up share capital.


The controlling shareholders of HING YIAP will endeavour to place out the shares within 6 months in order to comply with the public shareholding spread of 25%. Meanwhile, HING YIAP will apply to Bursa Malaysia for an extension of 6 months to rectify the short fall in the public shareholding spread.


This announcement is dated 14 January 2013.


AIRB - Others

Announcement Type: Entitlements (Notice of Book Closure)
Company NameALIRAN IHSAN RESOURCES BERHAD  
Stock Name AIRB  
Date Announced14 Jan 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoMI-130114-62544

EX-date25/01/2013
Entitlement date30/01/2013
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement descriptionSELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF ALIRAN IHSAN RESOURCES BERHAD (“AIRB”) UNDER SECTION 64 OF THE COMPANIES ACT, 1965 (“ACT”) (“SCR”)
Period of interest payment to
Financial Year End
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noTricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra
59200 Kuala Lumpur
Malaysia

Tel.No.: 03 - 2264 3883
Fax No.: 03 - 2282 1886
Payment date 08/02/2013
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers30/01/2013 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency1.84

Remarks :
The SCR entails a selective capital reduction and repayment under Section 64 of the Act, which will result in the reduction of the issued and paid-up share capital of AIRB to RM83,618,626 comprising 83,618,626 ordinary shares of RM1.00 each in AIRB (“AIRB Shares”) by way of cancelling a total of 181,120,766 AIRB Shares comprising 98,435,199 AIRB Shares held by the shareholders of AIRB (other than MMC Corporation Berhad (“MMC”)) and 82,685,567 AIRB Shares held by MMC.

Under the SCR, all the shareholders of AIRB (other than MMC), whose names appear in the Record of Depositors of AIRB as at 5.00 p.m. on Wednesday, 30 January 2013 (“Entitlement Date”) (“Entitled Shareholders”) shall be entitled to receive a cash repayment of RM1.84 for each existing AIRB Share held. The capital repayment is expected to be made within ten (10) days from the Entitlement Date.

AIRB will be de-listed and withdrawn from the Official List of Bursa Malaysia Securities Berhad (“Bursa Securities”) within one (1) month upon successful completion of the SCR.

The trading of AIRB Shares on the Main Market of Bursa Securities will be suspended with effect from 9.00 a.m. on Tuesday, 22 January 2013 being three (3) clear market days prior to the Entitlement Date. Accordingly, the last day of trading for AIRB Shares on the Main Market of Bursa Securities prior to the suspension shall be 5.00 p.m. on Monday, 21 January 2013. The AIRB Shares will no longer be traded on the Official List of Bursa Securities after the trading of AIRB Shares is suspended on Tuesday, 22 January 2013. For the avoidance of doubt, the trading of AIRB Shares will continue to be suspended with effect from 9.00 a.m. on Tuesday, 22 January 2013 until the removal of AIRB from the Official List of Bursa Securities.

The notice to shareholders in relation to the suspension of trading of AIRB Shares and the Entitlement Date for the SCR will be despatched to AIRB’s shareholders on 15 January 2013.

Any enquiries concerning this notice of book closure date should be addressed to the Share Registrar of AIRB at the abovementioned contact details.

This announcement is dated 14 January 2013.


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