January 30, 2013

Company announcements: TMCLIFE, FLONIC, APM, MAXWELL, KPJ, EKOVEST

TMCLIFE - OTHERS Clarification on the news article published in the Edge Malaysia on 28 January 2013 entitled “Lim to inject Iskandar hospital into TMC Life

Announcement Type: General Announcement
Company NameTMC LIFE SCIENCES BERHAD  
Stock Name TMCLIFE  
Date Announced30 Jan 2013  
CategoryGeneral Announcement
Reference NoCA-130130-42561

TypeAnnouncement
SubjectOTHERS
DescriptionClarification on the news article published in the Edge Malaysia on 28 January 2013 entitled “Lim to inject Iskandar hospital into TMC Life

Reference is made to the news article published in the Edge Malaysia on 28 January 2013 entitled “Lim to inject Iskandar hospital into TMC Life”, in particular, the following statements:-

“Industry executives says TMC’s single largest shareholder, Singapore billionaire Peter Lim, is looking at putting under TMC’s management a 200-bed hospital that is being constructed in the hub – a move that will significantly expand the company’s reach in the country.”

“The executives say it is uncertain at this juncture if TMC will own part of the S$200 million hospital that is being positioned as a provider of cheaper but high-quality medical care in the region.”

The Board of Directors of TMC Life Sciences Berhad (“TMC Life”) has made due enquiry with its Directors and major shareholder over the above statements and wishes to clarify that the major shareholder was not aware of the above statements as reported in the Edge Malaysia and the Board did not receive any notification on its major shareholder’s plan of injecting the Iskandar hospital into TMC Life.

The Company will make the necessary announcement to Bursa Malaysia Securities Berhad should there be any material information that falls under the ambit of the Main Market Listing Requirements.



FLONIC - Changes in Director's Interest (S135) - Chua Wye Man

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced30 Jan 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-130130-9465D

Information Compiled By KLSE

Particulars of Director

NameChua Wye Man
Address22, Selekoh Tunku, Bukit Tunku, 50480 Kuala Lumpur
Descriptions(Class & nominal value)Warrants of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
21/01/2013
1,860,600
 

Circumstances by reason of which change has occurredAcquisition of warrants by spouse
Nature of interestIndirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)14,661,800 
Indirect/deemed interest (%)10.48 
Date of notice30/01/2013

Remarks :
Overall interests after change:

Indirect Interest: 14,661,800 warrants
- Deemed interested by virtue of the acquisition of warrants by his spouse.

The 1,860,600 warrants acquired represent 1.33% of the total warrants in the Company.


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

Announcement Type: General Announcement
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced30 Jan 2013  
CategoryGeneral Announcement
Reference NoCS-130130-9465E

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionFLONIC HI-TEC BHD ("FLONIC" or "THE COMPANY")
- DEALINGS IN SECURITIES OF FLONIC OUTSIDE CLOSED PERIOD PURSUANT TO RULE 14.09 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Pursuant to Rule 14.09 of the Ace Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Mr. Chua Wye Man, a Director of the Company, has given notice of his dealing in the warrants of Flonic (via the acquisition of warrants by his spouse) outside closed period, details of which are as set out in the table below:-
Warrants of RM0.10 each

Date of TransactionPrice Per
Warrant
No. of WarrantsPercentage (%)
21/01/2013RM0.05921,860,6001.33

Remarks:-
* Acquisition of warrants by his spouse.

This announcement is dated 30 January 2013.


APM - OTHERS APM AUTOMOTIVE HOLDINGS BERHAD - JOINT VENTURE (“JV”) BETWEEN AUTO PARTS HOLDINGS SDN. BHD. AND TACHI-S (THAILAND) CO., LTD.

Announcement Type: General Announcement
Company NameAPM AUTOMOTIVE HOLDINGS BERHAD  
Stock Name APM  
Date Announced30 Jan 2013  
CategoryGeneral Announcement
Reference NoAA-130129-44885

TypeAnnouncement
SubjectOTHERS
DescriptionAPM AUTOMOTIVE HOLDINGS BERHAD
- JOINT VENTURE (“JV”) BETWEEN AUTO PARTS HOLDINGS SDN. BHD. AND TACHI-S (THAILAND) CO., LTD.

The Board of Directors of APM Automotive Holdings Berhad (“APM”) wishes to announce that on 29 January 2013, APM, via its wholly-owned investment holding subsidiary, Auto Parts Holdings Sdn. Bhd. (“APH”) entered into a Joint Venture Agreement (“JVA”) with Tachi-S (Thailand) Co., Ltd. (“Tachi-S”) to carry on the business of developing, manufacturing, assembling and sale of automotive seats for original equipment manufacturers in Malaysia.

Information on Joint Venture company (“JV Co”)

A new JV Co will be incorporated under the proposed name of “APM Tachi-S Seating Systems Sdn. Bhd.”. The JV Co will have an authorised share capital of RM5,000,000/- (Ringgit Malaysia : Five Million only) divided into 5,000,000 ordinary shares of RM1/- each. The initial issued and paid-up share capital of RM3,500,000/- (Ringgit Malaysia: Three Million and Five Hundred Thousand only) will be subscribed by both parties in cash based on the following shareholding proportions:-

APH - 60% of equity interest or 2,100,000 ordinary shares

Tachi-S - 40% of equity interest or 1,400,000 ordinary shares

The total capital and investment outlay of APH amounting to RM2,100,000/- (Ringgit Malaysia : Two Million and One Hundred Thousand only) will be financed through internally generated funds.

Information on Tachi-S

Tachi-S (Thailand) Co., Ltd. is a limited liability company incorporated under the laws of Thailand on 14 September 2011 to supervise the operations of the Tachi-S group in India and the ASEAN area. The company has a registered capital of 1 billion Thai Baht divided into 1,000,000 shares of 1,000 Thai Baht each, of which 44.5% has been paid-up. It is a wholly-owned subsidiary of Tachi-S Co., Ltd. of Japan which was first established in 1954 and currently listed in the First Section of the Tokyo Stock Exchange.

The Tachi-S group is a global automotive seat system designer and manufacturer with strong presence in China and North America and making in-roads into Asia in recent years. Among its major customers are Nissan Motor, Honda, Toyota and Mitsubishi.

Rationale, risk factors and prospects involved in undertaking the JV

The automotive seat business has been one of APM’s core businesses in Malaysia for more than 30 years. The JV between the two (2) car seat makers will enable both parties to leverage on each other’s knowledge and experience to bring about greater synergy in their expertise and know-how in the design, development, manufacture and assembly of car seats.

There are no special risks associated with the JV other than operational risks.

The future of the automotive industry is poised to grow in the up-coming emerging markets in the ASEAN region. Upon careful analysis and a thorough feasibility study, the Board believes that the timing of the JV is appropriate to capture the opportunities to expand the seat business.

Management

The JV Co will be managed by a separate Board of Directors. The directors are appointed by the shareholders in proportion to their respective shareholdings. Under the JVA, the unanimous approval of the shareholders and of the directors, as the case may be, is required for certain matters.

Duration of the JVA

The JVA is effective from the date of execution unless terminated (i) by any party at any time as a result of transfer of shares made in accordance with this JVA, that party holds no shares in the capital of the JV Co or (ii) on the occurrence of a default by a party such as the commitment of a material breach of its obligations, insolvency, inability to pay its debts among others, which is not resolved within 90 days or (iii) with the consent of the other party.

License

A manufacturing license under the Industrial Co-ordination Act 1975 to be issued by the Ministry of International Trade and Industry/ Malaysian Industrial Development Authority, Malaysia will be required.

Financial impact

APM’s investment in the JV is expected to generate reasonable returns in the longer term but will have no material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of APM for the financial year ending 31 December 2013.

Directors’ and substantial shareholders’ interests

None of the directors and/or substantial shareholders of APM have any interest, direct or indirect, in the JV.

Directors’ statement

The Directors are of the opinion that the JV is in the best interest of APM.

This announcement is dated 30 January 2013.



MAXWELL - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameMAXWELL INTERNATIONAL HOLDINGS BERHAD  
Stock Name MAXWELL  
Date Announced30 Jan 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-130117-213FD

Date of buy back from16/01/2013
Date of buy back to18/01/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)21,000
Minimum price paid for each share purchased ($$)0.305
Maximum price paid for each share purchased ($$)0.310
Total amount paid for shares purchased ($$)6,455.00
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)21,000
Total number of shares retained in treasury (units)932,200
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies30/01/2013
Lodged by HMC Corporate Services Sdn Bhd


KPJ - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameKPJ HEALTHCARE BERHAD  
Stock Name KPJ  
Date Announced30 Jan 2013  
CategoryAdditional Listing Announcement (ALA)
Reference NoJC-130130-8C970

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalOthers
Details of corporate proposalConversion of Warrants (KPJ-WA)
No. of shares issued under this corporate proposal67,000
Issue price per share ($$)MYR 1.700
Par Value ($$)MYR 0.500
Latest issued and paid up share capital after the above corporate proposal in the following
Units648,814,906
CurrencyMYR 324,407,453.000
Listing Date31/01/2013


KPJ - 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 NameKPJ HEALTHCARE BERHAD  
Stock Name KPJ  
Date Announced30 Jan 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoJC-130130-930EA

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 RM0.50 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)
Acquired23/01/2013
126,200
 
Acquired23/01/2013
364,300
 

Circumstances by reason of which change has occurred
Acquisition of shares
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change100,855,574
Date of notice25/01/2013

Remarks :
The notice dated 25 January 2013 was received via courier on 30 January 2013.


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

Announcement Type: General Announcement
Company NameEKOVEST BERHAD  
Stock Name EKOVEST  
Date Announced30 Jan 2013  
CategoryGeneral Announcement
Reference NoMM-130130-38411

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
DescriptionEKOVEST BERHAD (“EKOVEST”)

(I) PROPOSED TRANSFER OF 100% OF THE ORDINARY SHARES OF RM1.00 EACH IN WIRA KRISTAL SDN BHD (“WIRA KRISTAL”) IN EXCHANGE FOR NEW ORDINARY SHARES OF RM1.00 EACH IN EKOVEST (“PROPOSED SHARE EXCHANGE”);

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF EKOVEST (“PROPOSED IASC”); AND

(III) PROPOSED EXEMPTION SOUGHT BY TAN SRI DATO’ LIM KANG HOO (“TAN SRI LIM”) AND THE PERSONS ACTING IN CONCERT (“PAC”) WITH TAN SRI LIM UNDER PARAGRAPH 16.1 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 FROM THE OBLIGATION TO EXTEND A TAKE-OVER OFFER FOR ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN EKOVEST NOT ALREADY OWNED BY TAN SRI LIM AND THE PAC WITH TAN SRI LIM UPON COMPLETION OF THE PROPOSED SHARE EXCHANGE (“PROPOSED EXEMPTION”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcement dated 30 January 2012.)

We refer to the announcements dated 30 January 2012, 18 July 2012, 6 November 2012, 7 December 2012 and 25 January 2013 in relation to the Proposals.

On behalf of Ekovest, we wish to announce that an application in relation to the Proposals had been submitted to Bursa Securities.

This announcement is dated 30 January 2013.



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