January 11, 2013

Company announcements: TIMWELL, LIONFIB, LBICAP, CRESBLD, LPI

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

Announcement Type: General Announcement
Company NameTIMBERWELL BERHAD  
Stock Name TIMWELL  
Date Announced11 Jan 2013  
CategoryGeneral Announcement
Reference NoTT-130110-2ECDC

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionDEALING IN THE COMPANY'S SECURITIES OUTSIDE CLOSED PERIOD PURSUANT TO PARAGRAPH 14.09 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

We wish to announce that the Company has received notification from Madam Lam Soei Tin @ Agnes Lam, Director of the Company on dealing in the securities of the Company outside the closed period by her father, Mr Tan Tjeng Hok @ Lam Hak Ming, as defined in the Main Market Listing Requirements of Bursa Securities as shown in the table below:-

Date of DealingAverage consideration per shareNo. of securities% of Issued Share CapitalTransaction
9/1/2013RM0.7835,0000.04Acquisition
10/1/2013RM0.7830,0000.03Acquisition

1) There is no change in the direct interest held by Mdm Lam Soei Tin @ Agnes Lam.

2) The notification letter on the above dealing was received by the Company on 10 January 2013.



TIMWELL - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameTIMBERWELL BERHAD  
Stock Name TIMWELL  
Date Announced11 Jan 2013  
CategoryGeneral Announcement
Reference NoTT-130102-52193

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionTIMBERWELL BERHAD ("THE COMPANY")
- INVOLVEMENT IN LITIGATION BY SUBSIDIARY, TIMBERWELL PLANTATION SDN BHD ("TPSB")
SUIT NO. BKI-52-1438/11-2012
[PEMBORONG SRI MARUDU DARAT VS. TPSB]

The Board of Directors of TWB wishes to announce that on 19 December 2012, TPSB, a wholly-owned subsidiary of the Company was served with a Writ of Summons no. BKI-52-1438/11-2012 and Statement of Claim by Pemborong Sri Marudu Darat (“PSMD”) for the sum of RM288,854.40 (“the Claim”).

By way of background, PSMD was engaged by the former Plantation Manager Mr. Onsu Muragang of TPSB to undertake the work of land clearing/development, tree planting, and path slashing/opening and under brushing from January 2009 to January 2010. The claims were prepared by way of individual invoice raised based on the progress of work done in each block and compartment, and the invoices were certified for payment by the former Plantation Manager and his team. According to the record, the total claims for work done received from PSMD amounted to RM361,318.60, of which RM67,624.20 was paid to the invoices up to February 2009 and the last payment was made on 31 December 2009, thus the total outstanding amounts amounted to RM293,694.40.

In July 2010, TPSB have sought and invited all plantations contractors to conduct the joint site inspection including PSDM to verify the claims and progress before payment could be made after the resignation of Mr. Onsu Muragang and his team. The Company was doubtful whether the claims made by PSMD were correct and invited PSMD several times to come for joint site inspection to ascertain the true value of work done. As PSMD did not turn up for the joint inspection despite of repeated and numerous reminders, the claims were doubtful and all payments were withheld until the inspection was done and verified by TPSB.

TWB is currently seeking legal advice from the solicitor to defend and dispute on the Claim and had lodged the Defendant's Memorandum of Appearance on 31 December 2012 for defending the case.

There is no financial impact arising from the Claim as TPSB has recorded the contract fees of RM293,694.40 in the book. It was note that PSMD has understated the claim by RM4,840.00.

This announcement is dated 11 January 2013.



TIMWELL - Changes in Director's Interest (S135) - Lam Soei Tin @ Agnes Lam

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTIMBERWELL BERHAD  
Stock Name TIMWELL  
Date Announced11 Jan 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoTT-130110-2ECD2

Information Compiled By KLSE

Particulars of Director

NameLam Soei Tin @ Agnes Lam
AddressC2-02 Marina Court
88000 Kota Kinabalu
Sabah
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
09/01/2013
35,000
0.780 
Acquired
10/01/2013
30,000
0.780 

Circumstances by reason of which change has occurredAcquisition of Shares in open market by her father, Tan Tjeng Hok @ Lam Hak Ming
Nature of interestDeemed interested via shares held by connected person
Consideration (if any) 

Total no of securities after change

Direct (units)210,000 
Direct (%)0.24 
Indirect/deemed interest (units)28,006,298 
Indirect/deemed interest (%)31.45 
Date of notice10/01/2013

Remarks :
The Form 29B was received by the Company on 10 January 2013


TIMWELL - Changes in Sub. S-hldr's Int. (29B) - Tan Tjeng Hok @ Lam Hak Ming

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTIMBERWELL BERHAD  
Stock Name TIMWELL  
Date Announced11 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTT-130110-2ECD1

Particulars of substantial Securities Holder

NameTan Tjeng Hok @ Lam Hak Ming
AddressP.O. Box 10827
88809 Kota Kinabalu
Sabah
NRIC/Passport No/Company No.240730-71-5247
Nationality/Country of incorporationPermanent Resident of Malaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holder1) Tan Tjeng Hok @ Lam Hak Ming
P.O. Box 10827
88809 Kota Kinabalu
Sabah

2) OSK Nominees (Asing) Sdn. Bhd.
Tingkat 5, Wisma BSN Sabah
Jalan Kemajuan Karamunsing
88000 Kota Kinabalu
Sabah

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/01/2013
35,000
0.780 
Acquired10/01/2013
30,000
0.780 

Circumstances by reason of which change has occurredAcquisition of Shares
Nature of interestDirect interest
Direct (units)18,850,500 
Direct (%)21.17 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change18,850,500
Date of notice10/01/2013

Remarks :
The Form 29B was received by the Company on 10 January 2013


TIMWELL - Changes in Sub. S-hldr's Int. (29B) - Lam Soei Tin @ Agnes Lam

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTIMBERWELL BERHAD  
Stock Name TIMWELL  
Date Announced11 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTT-130110-2ECC5

Particulars of substantial Securities Holder

NameLam Soei Tin @ Agnes Lam
AddressC2-02 Marina Court
88000 Kota Kinabalu
Sabah
NRIC/Passport No/Company No.500320665
Nationality/Country of incorporationBritish
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderTan Tjeng Hok @ Lam Hak Ming
P.O. Box 10827
88809 Kota Kinabalu
Sabah

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/01/2013
35,000
0.780 
Acquired10/01/2013
30,000
0.780 

Circumstances by reason of which change has occurredAcquisition of Shares in open market by her father, Tan Tjeng Hok @ Lam Hak Ming
Nature of interestDirect interest via shares held by connected person
Direct (units)210,000 
Direct (%)0.24 
Indirect/deemed interest (units)28,006,298 
Indirect/deemed interest (%)31.45 
Total no of securities after change28,216,298
Date of notice10/01/2013

Remarks :
The Form 29B was received by the Company on 10 January 2013


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

Announcement Type: General Announcement
Company NameLION FOREST INDUSTRIES BERHAD  
Stock Name LIONFIB  
Date Announced11 Jan 2013  
CategoryGeneral Announcement
Reference NoLF-130111-4FCE0

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionProposed Acquisition of PT Varita Majutama, an Oil Palm Plantation Company in Indonesia
The Board of Directors of the Company wishes to announce that LFIB Plantations Sdn Bhd had vide its letter dated 11 January 2013 confirmed its satisfaction with the results of the Due Diligence Exercise, subject to certain variations to the terms and conditions of the SPA dated 5 October 2012 (as supplemented by Letter of Variation dated 27 December 2012).
The full text of the announcement is attached herewith.


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

Announcement Type: General Announcement
Company NameLBI CAPITAL BERHAD  
Stock Name LBICAP  
Date Announced11 Jan 2013  
CategoryGeneral Announcement
Reference NoCN-130111-C7149

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09 of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we have received notification from the Directors, namely Dato’ Ng Chin Heng,Datin Low Wee Chin and Raymond Ng Yew Foong in relation to their dealings in the securities of LBI. The said Directors are deemed interest in relating to the acquisition of LBI’s shares by Ng Tiong Seng Corporation Sdn. Bhd. as follows:-

Date of TransactionNo. of shares acquiredNo. of shares disposed%Price per share (RM)Total Shareholding after transaction%
09.01.20138,800-0.01*1.1036,302,42958.18
09.01.20135,000-0.008*1.1136,307,42958.19
09.01.20135,000-0.008*1.1236,312,42958.20

* Based on paid-up capital of RM62,388,843 divided into 62,388,843 ordinary shares of RM1.00 each, excluding treasury shares of 491




LBICAP - Notice of Shares Buy Back by a Company pursuant to Form 28B

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28B
Company NameLBI CAPITAL BERHAD  
Stock Name LBICAP  
Date Announced11 Jan 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28B
Reference NoCN-130111-41993

Date of shares sold from 28/12/2012 to 04/01/2013
Date of shares cancelled from to
Number of treasury shares sold (units)347,000
CurrencyMalaysian Ringgit (MYR)
The minimum price at which the treasury shares were sold ($$)1.070
The maximum price at which the treasury shares were sold ($$)1.100
Total consideration received for the treasury shares sold ($$)374,773.54
The name of the Stock Exchange through which the treasury shares were soldBursa Malaysia Securities Berhad
Total number of shares still in treasury (units)491
Number of treasury shares cancelled (units)
Total issued capital as diminished
Date lodged with registrar of companies11/01/2013
Lodged by S.O.NG MANAGEMENT CONSULTANTS SDN. BHD.


CRESBLD - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameCREST BUILDER HOLDINGS BERHAD  
Stock Name CRESBLD  
Date Announced11 Jan 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCB-130111-60181

Date of buy back11/01/2013
Description of shares purchasedOrdinary Shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)187,500
Minimum price paid for each share purchased ($$)0.810
Maximum price paid for each share purchased ($$)0.825
Total consideration paid ($$)153,841.38
Number of shares purchased retained in treasury (units)187,500
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)1,075,000
Adjusted issued capital after cancellation
(no. of shares) (units)
 
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)0.779


LPI - Changes in Director's Interest (S135) - Tan Kok Guan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameLPI CAPITAL BHD  
Stock Name LPI  
Date Announced11 Jan 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoLC-130110-34282

Information Compiled By KLSE

Particulars of Director

NameTan Kok Guan
Address9, Jalan BU 3/3
Bandar Utama, Damansara
47800 Petaling Jaya
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)
Disposed
09/01/2013
20,000
14.790 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)430,900 
Indirect/deemed interest (%)0.1956 
Date of notice11/01/2013

Remarks :
The percentage of Tan Kok Guan's indirect interests in LPI Capital Bhd's (LPI) shares is computed based on the total number of LPI shares in issue excluding a total of 1,014,600 LPI shares bought-back by LPI and retained as treasury shares as at 11 January 2013.


No comments:

Post a Comment