January 31, 2013

Company announcements: PETDAG, TAKAFUL, WEIDA, BHIC, WCT

PETDAG - 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 NamePETRONAS DAGANGAN BHD  
Stock Name PETDAG  
Date Announced31 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPD-130130-959E7

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 Share of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
(for Employees Provident Fund Board)
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)
Acquired23/01/2013
200,000
 

Circumstances by reason of which change has occurredPurchase of shares managed by portfolio manager
Nature of interestDirect
Direct (units)67,965,400 
Direct (%)6.841 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change76,703,100
Date of notice25/01/2013

Remarks :
The total number of 76,703,100 ordinary shares comprise the following:

(a) 67,965,400 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board].

(b) 1,500,000 shares registered in the name of Employees Provident Fund Board.

(c) 2,770,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (NOMURA)].

(d) 2,499,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (CIMB PRIN)].

(e) 531,800 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (HDBS)].

(f) 262,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (ARIM)].

(g) 435,900 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (AM INV)].

(h) 529,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (AMUNDI)].

(i) 160,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (KIB)].

(j) 50,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (Mayban)].

Received form 29B on 31 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 Announced31 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoST-130131-41044

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)
Disposed25/01/2013
38,900
 

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 change13,659,520
Date of notice29/01/2013

Remarks :
The Notice of Changes in Substantial Shareholder's Interest (Form 29B) was received on 31 January 2013.


WEIDA - OTHERS JOINT VENTURE AGREEMENT BETWEEN GOOD AXIS SDN BHD AND BRIGHT AXIOM SDN BHD

Announcement Type: General Announcement
Company NameWEIDA (M) BHD  
Stock Name WEIDA  
Date Announced31 Jan 2013  
CategoryGeneral Announcement
Reference NoCC-130130-6111F

TypeAnnouncement
SubjectOTHERS
DescriptionJOINT VENTURE AGREEMENT BETWEEN GOOD AXIS SDN BHD AND BRIGHT AXIOM SDN BHD
(1) INTRODUCTION
The Board of Directors of Weida (M) Bhd. (“Weida” or the “Company”) is pleased to announce that a wholly owned subsidiary of the Company, Good Axis Sdn Bhd (“GASB”) has on 30 January 2013 entered into a Joint Venture Agreement (“JVA”) with Bright Axiom Sdn Bhd (“BASB”) to jointly develop all the piece of freehold agriculture land held under title GM 875, Lot 1597, Mukim Batu, Tempat Sungai Teba, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan measuring a total area of approximately 2.7467 acres (“the JV Land”) into residential/commercial premises (“the Development”) in accordance with the approved building plans, the layout plans, specifications and all other relevant plans as approved or as shall be approved or amended by the relevant statutory and local authorities and bodies whose permission, consent, licence or other form of approval is necessary or required under any Act, Ordinance, Enactment, Regulation and By-Law to enable the Project to be implemented and the constructions works to be commenced, carried out and completed, including any subsequent variations and amendments as shall be made by GASB with the approval of the relevant authorities.

(2) PARTIES

BASB (Company No. 1026288-W) is a company incorporated in Malaysia under the Companies Act, 1965 and having its registered address at 6-02, Level 6, Wisma BU8, 11 Lebuh Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan, Malaysia.

GASB (Company No. 978775-T) is a wholly owned subsidiary of Weida Properties Sdn Bhd which in turn wholly owned by the Company and having its registered office at Lot 3.05, Level 3, 1 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan.GASB has the expertise in property development, including design, construct and build. GASB has expressed its interest in developing the JV Land.

BASB entered into a Sale and Purchase Agreement with the vendors on 22 December 2012 (“SPA”) to purchase the JV Land. By virtue of the SPA, BASB had acquired an interest in the JV Land and is pending completion of SPA.

(3) SALIENT TERMS OF THE JVA

The JVA records the terms and conditions agreed between the BASB and the GASB to govern the joint development and their rights and obligations.

The salient points of the JVA are as follows:

(1) Joint Development:
    BASB shall contribute the JV Land for the Development and the GASB shall contribute preparatory works for the Development, applying for approvals, sales and marketing, undertake construction and development works and complete the Development in accordance with the plans approved by the Appropriate Authorities and shall also undertake the entire project management, financial and sales administration of the Development.

(2) Commencement and Completion:
    GASB shall commence mobilize and execute the Development on the JV Land within three (3) months from the date of the Advertising Permit and Developer License has been granted by the Appropriate Authorities.

    Subject to the provisions in the Agreement, GASB shall complete the Development on the JV Land within five (5) years from the legal completion of the Principal SPA between the Vendor and BASB.

(3) Financing for the Development:
    GASB shall be responsible to secure all financing and loan facilities required for the entire costs and expenses of the Development, including the acquisition of the JV land.
(4) Parties’ Entitlement:
    BASB and GASB shall be entitled to their respective entitlements as follows:

    (i) BASB:
    - fifteen per centum (15%) of the gross development value for the Development or minimum entitlement of Ringgit Malaysia Thirty Two Million only (RM32,000,000), whichever is higher.

    (ii) GASB
    - the whole of the building units in the Development which do not form part of the BASB’s Entitlement.

(5) Payment of BASB’s Entitlement
    GASB shall pay the BASB’s Entitlement to BASB after completion of the Development.

(4) SOURCE OF FUNDS

Weida intends to fund the Development through internally generated funds and/or borrowings. The funding will be decided by the management at a later stage where the management will choose the most optimum mix taking into consideration of its gearing level, interest costs as well as internal cash requirements for its business.

(5) RATIONALE FOR THE JOINT VENTURE

The JVA will enable the Weida Group to diversify into property development. This is in line with the Weida Group’s vision of to be a leading player in delivering innovative utility infrastructure, sustainable environmental solutions and building premium properties for a greener and healthier living.

(6) FINANCIAL EFFECTS OF THE JVA

The JVA will not have any effect on the issued and paid-up share capital of Weida or the shareholdings of the substantial shareholders of Weida and is not expected to have any material effect on the net assets, gearing and earnings of the Weida Group for the financial year ending 31 March 2013.The JVA is expected to contribute positively to the future earnings of Weida Group.

(7) DIRECTORS AND MAJOR SHAREHOLDERS’ INTEREST

None of the directors and/or major shareholders of Weida and/or any persons connected with them have any interest, direct or indirect in the JVA.

(8) DIRECTORS’ STATEMENT

The Directors of Weida are of the opinion that the JVA are in the best interest of the Company and the Group.

(9) DOCUMENTS AVAILABLE FOR INSPECTION

A copy of the JVA is available for inspection at the Company's Registered Office at Wisma Hock Peng, Ground Floor to 2nd Floor, 123 Green Heights, Jalan Lapangan Terbang, 93250 Kuching, Sarawak during normal office hour from Monday to Saturday (except for public holidays) for a period of three (3) months form the date of this announcement.


This announcement is dated 31 January 2013.


BHIC - OTHERS BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "THE COMPANY") - AWARD FROM THE MINISTRY OF DEFENCE MALAYSIA TO BHIC AEROSERVICES SDN. BHD.

Announcement Type: General Announcement
Company NameBOUSTEAD HEAVY INDUSTRIES CORPORATION BHD  
Stock Name BHIC  
Date Announced31 Jan 2013  
CategoryGeneral Announcement
Reference NoBH-130130-66224

TypeAnnouncement
SubjectOTHERS
DescriptionBOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "THE COMPANY")
- AWARD FROM THE MINISTRY OF DEFENCE MALAYSIA TO BHIC AEROSERVICES SDN. BHD.

The Company is pleased to announce that its subsidiary, BHIC AeroServices Sdn. Bhd. ("BHICAS") has on 30 January 2013 received a letter dated 29 January 2013 from the Ministry of Defence Malaysia awarding BHICAS an In Service Support (ISS) Contract for six (6) units of Royal Malaysian Navy helicopters (Fennec AS555SN) at a contract value of RM32,400,000 for a period of 3 years from the date of BHICAS’s acceptance of the award.

A formal contract between the Government of Malaysia and BHICAS will be signed at a later date.

This announcement is dated 31 January 2013.



WCT - 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 NameWCT BERHAD  
Stock Name WCT  
Date Announced31 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-130131-F04D7

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPFACT1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (90,243,410 Shares)
Employees Provident Fund Board (1,722,125 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board(HDBS)(6,273,595 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (RHB INV) (1,746,850 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ALLIANCE INV) (2,587,500 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) (3,657,000 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) (7,759,350 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ARIM) (1,650,000 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired25/01/2013
500,000
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect
Direct (units)115,639,830 
Direct (%)11.68 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change115,639,830
Date of notice31/01/2013

Remarks :
Form 29B dated 29 January 2013 was received on 31 January 2013.


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