February 20, 2013

Company announcements: EKIB, HAIO, MILUX, DAIBOCI, KYM, SPSETIA, BREM

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

Announcement Type: General Announcement
Company NameEMAS KIARA INDUSTRIES BERHAD  
Stock Name EKIB  
Date Announced20 Feb 2013  
CategoryGeneral Announcement
Reference NoCK-130219-CCAA6

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionEmas Kiara Industries Berhad
(1) Sale and Purchase Agreement for Acquisition of Business and Assets
(2) Shareholders Agreement

Reference is made to the announcement made by Emas Kiara Industries Berhad (“EKIB” or “the Company”) on 19 October 2012 on the subject matter.

The Company wishes to announce that its wholly owned subsidiaries, namely Asian Culture Food Sdn Bhd (formerly known as Beringin Leisure Park Sdn Bhd) (“ACF”) and Innovative Industrial Textiles Sdn Bhd (“IIT”), had respectively entered into Deeds of Mutual Termination (“Deed”) with Yik Khang Frozen Foodstuff Sdn Bhd on 19 February 2013 for the termination of the Sale and Purchase Agreement (“SPA”) and Shareholders Agreement (“SA”), both dated 19 October 2012 (“Agreements”).

Consequent to the execution of the Deed, the Agreements shall be null and void and cease to have any effect from the date of the Deed and neither party shall have any claim against each other for any loss, damage, penalty, fee, cost and expense suffered in respect of the SPA and SA, and both parties shall be discharged of any further obligations or liabilities whatsoever under the respective Agreements.

The termination of the Agreements is not expected to have any material effect on EKIB Group’s earnings and net assets for the financial year ending 31 December 2013.

This announcement is dated 20 February 2013.



HAIO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHAI-O ENTERPRISE BERHAD  
Stock Name HAIO  
Date Announced20 Feb 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCP-130220-26962

Date of buy back20/02/2013
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)13,700
Minimum price paid for each share purchased ($$)2.240
Maximum price paid for each share purchased ($$)2.240
Total consideration paid ($$)30,857.00
Number of shares purchased retained in treasury (units)13,700
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)4,971,488
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 (%)2.46


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

Announcement Type: General Announcement
Company NameMILUX CORPORATION BERHAD  
Stock Name MILUX  
Date Announced20 Feb 2013  
CategoryGeneral Announcement
Reference NoCS-130220-47539

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMILUX CORPORATION BERHAD (“MILUX” OR “THE COMPANY”)- DISPOSAL OF LAND AND PROPERTY BY BRIGHTYIELD SDN. BHD.
The Board of Directors of MILUX wishes to inform that Brightyield Sdn. Bhd. (“Brightyield”), a wholly-owned subsidiary of the Company, intend to dispose off a piece of freehold land held by Brightyield, together with the erected one (1) storey factory and three storey Office Block and the machineries, fixtures and fittings (“the said Land and Property”) to the identified purchasers for a total consideration of RM5,000,000/- (Ringgit Malaysia: Five Million only)(hereinafter referred to as “the Disposal”).
DETAILS ON THE DISPOSAL

(a) Total Consideration
    The total cash consideration for the Disposal of RM5,000,000/- was arrived at based on a willing-buyer-willing-seller basis.

(b) Details of the said Land and Property
    All that piece of freehold land held under Geran 209202, Lot 10487 Seksyen 20, Bandar Serendah (previously known as HS(D) 9398 PT 8552, Mukim Serendah) Daerah Ulu Selangor, Negeri Selangor measuring in area approximately 6,197 square metres together with one (1) Storey factory and three (3) Storey Office Block erected thereon and the machineries, fixtures and fittings therein, and bearing postal address No. 19, Jalan Kamunting 2, 48300 Bukit Beruntung, Serendah, Selangor Darul Ehsan.

(c) Details of Purchasers

Mr. Peng Gai Hock, Mr. Peng Li Hoong, Mr. Peng Li Vern and Mr. Peng Li Jing, all of residential address at 935, Jalan Kuang Germin, Taman Kepong, Kuala Lumpur.

ORIGINAL COST OF INVESTMENT

The date and the original cost of investments of the said Land and Property are as follows:-
Date of investmentCost of investment
(RM)
30th October 1995 3,983,000/-

FINANCIAL EFFECTS OF THE DISPOSAL

(a) Share Capital and Substantial Shareholders' Shareholding
    The Disposal will not have any effect on the issued and paid-up share capital and substantial shareholders' shareholding of the Company.

(b) Earnings Per Share
    The Disposal will result in an expected gain of RM1,620,000/- after taking into consideration the net book value of the Land and Property as at 30 November 2012, real estate commission and estimated professional fees. As a result of utilising part of the disposal proceed to repay bank borowings, Milux will have interest savings of approximately RM105,000/- per annum. These will in turn translate into an increase in earnings per share of 3.5 sen.

(c) Net Assets Per Share (“NA”)

    The disposal will increase the NA by 3.5 sen to RM1.15 after taking into consideration expected gain of RM1,620,000/- and interest savings.

(d) Gearing

The disposal will reduce Gearing to 0.36 times from 0.39 times as at 30 November 2012 after
taking consideration the utilisation of RM956,000/- to repay bank borrowings.

RATIONALE FOR THE DISPOSAL

Milux has rationalised the operations of Brightyield. As part of the cost rationalisation programme, Brightyield’s operations will be moved to a more suitable location and a smaller factory in Klang as the current factory has exceeded its requirements vis- -vis its operational requirement. This move is more cost effective than operating in the current factory. Arising from this rationalisation, this property is in excess of it's requirements. The Disposal will at the same time generate funds for working capital.

DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS

None of the Directors and Major Shareholders or persons connected to the Directors or Major Shareholders has any interest, direct or indirect in the Disposal.

STATEMENT BY THE BOARD OF DIRECTORS

The Board of Directors of the Company, having taken into consideration all aspects of the Disposal, is of the opinion that the Disposal is in the best interest of the Group.

ESTIMATED COMPLETION

Barring any unforeseen circumstances, the Disposal is expected to be completed not later than August 2013.

PARAGRAPH 10.02(G) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

The highest percentage ratio pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad applicable to the Disposal is 9.81%.

This announcement is dated 20 February 2013.


DAIBOCI - 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 NameDAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.  
Stock Name DAIBOCI  
Date Announced20 Feb 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoDP-130220-0ECE4

Date of buy back from06/02/2013
Date of buy back to13/02/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)79,400
Minimum price paid for each share purchased ($$)2.420
Maximum price paid for each share purchased ($$)2.510
Total amount paid for shares purchased ($$)195,380.92
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)79,400
Total number of shares retained in treasury (units)708,500
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies20/02/2013
Lodged by Tan Gaik Hong


DAIBOCI - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameDAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.  
Stock Name DAIBOCI  
Date Announced20 Feb 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoDP-130220-3C727

Date of buy back20/02/2013
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)2,000
Minimum price paid for each share purchased ($$)2.510
Maximum price paid for each share purchased ($$)2.510
Total consideration paid ($$)5,067.51
Number of shares purchased retained in treasury (units)2,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)714,500
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 (%)0.63


KYM - Changes in Director's Interest (S135) - Dato' Lim Kheng Yew

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKYM HOLDINGS BERHAD  
Stock Name KYM  
Date Announced20 Feb 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoKH-130207-52672

Information Compiled By KLSE

Particulars of Director

NameDato' Lim Kheng Yew
Address1 Jalan SS2/8
47300 Petaling Jaya
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
13/02/2013
3,000,000
0.500 

Circumstances by reason of which change has occurredDeemed interest in 3,000,000 shares acquired by Cheong Chan Holdings Sdn Bhd pursuant to the conversion of warrants by virtue of Section 6A of the Companies Act, 1965
Nature of interestIndirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)5,000,000 
Direct (%)3.44 
Indirect/deemed interest (units)50,750,000 
Indirect/deemed interest (%)34.87 
Date of notice20/02/2013

Remarks :
The indirect interest of Dato' Lim Kheng Yew is held through KYM Sdn Bhd (7,000,000 shares), Cheong Chan Holdings Sdn Bhd (30,000,000 shares) and Idaman Bina Makmur Sdn Bhd (7,750,000 shares) by virtue of Section 6A of the Companies Act, 1965 ("Act") and through his children (6,000,000 shares) by virtue of Section 134(12)(c) of the Act.

This announcement also serves as a notification pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements. The 3,000,000 shares acquired representing 2% of the enlarged issued and paid-up capital of KYM.


KYM - Changes in Sub. S-hldr's Int. (29B) - Cheong Chan Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKYM HOLDINGS BERHAD  
Stock Name KYM  
Date Announced20 Feb 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKH-130207-51552

Particulars of substantial Securities Holder

NameCheong Chan Holdings Sdn Bhd
AddressNo. 12 Lorong Medan Tuanku Satu
50300 Kuala Lumpur
NRIC/Passport No/Company No.181887-A
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderCheong Chan Holdings Sdn Bhd
No. 12 Lorong Medan Tuanku Satu
50300 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired13/02/2013
3,000,000
 

Circumstances by reason of which change has occurredAcquisition of shares pursuant to the conversion of warrants
Nature of interestDirect Interest
Direct (units)30,000,000 
Direct (%)20.61 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change30,000,000
Date of notice20/02/2013


KYM - Changes in Sub. S-hldr's Int. (29B) - Dato' Lim Kheng Yew

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKYM HOLDINGS BERHAD  
Stock Name KYM  
Date Announced20 Feb 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKH-130207-52287

Particulars of substantial Securities Holder

NameDato' Lim Kheng Yew
AddressNo. 1 Jalan SS2/8
47300 Petaling Jaya
NRIC/Passport No/Company No.510717-08-5137
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderCheong Chan Holdings Sdn Bhd
No.12 Lorong Medan Tuanku Satu
50300 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired13/02/2013
3,000,000
 

Circumstances by reason of which change has occurredDeemed interest in 3,000,000 shares acquired by Cheong Chan Holdings Sdn Bhd pursuant to the conversion of warrants by virtue of Section 6A of the Companies Act, 1965
Nature of interestIndirect Interest
Direct (units)5,000,000 
Direct (%)3.44 
Indirect/deemed interest (units)50,750,000 
Indirect/deemed interest (%)34.87 
Total no of securities after change55,750,000
Date of notice20/02/2013

Remarks :
The indirect interest of Dato' Lim Kheng Yew is held through KYM Sdn Bhd (7,000,000 shares), Cheong Chan Holdings Sdn Bhd (30,000,000 shares) and Idaman Bina Makmur Sdn Bhd (7,750,000 shares) by virtue of Section 6A of the Companies Act, 1965 and through his children (6,000,000 shares) by virtue of Section 134(12)(c) of the Companies Act, 1965.


SPSETIA - Notice of Interest Sub. S-hldr (29A) - Employees Provident Fund Board

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced20 Feb 2013  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoC&-130220-398AD

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-RM0.75
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (MAYBAN)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (CIMB PRI)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN)

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired18/02/2013
No of securities43,306,200
Circumstances by reason of which Securities Holder has interestAcquisition of equity in open market
Nature of interestDirect
Price Transacted ($$)

Total no of securities after change

Direct (units)141,480,530 
Direct (%)6.62 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice19/02/2013

Remarks :
Form 29B received on 20/02/2013


BREM - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameBREM HOLDING BERHAD  
Stock Name BREM  
Date Announced20 Feb 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCS-130218-FFCB7

Date of buy back20/02/2013
Description of shares purchasedOrdinary Shares @ RM1/- Each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)10,200
Minimum price paid for each share purchased ($$)1.070
Maximum price paid for each share purchased ($$)1.070
Total consideration paid ($$)10,974.12
Number of shares purchased retained in treasury (units)10,200
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)3,490,231
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 (%)2.02


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