FPI - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS
| Company Name | FORMOSA PROSONIC INDUSTRIES BERHAD |
| Stock Name | FPI |
| Date Announced | 8 Feb 2013 |
| Category | General Announcement |
| Reference No | CK-130208-43758 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE |
1. INTRODUCTION Pursuant to Paragraph 10.09(1)(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors wishes to announce that the Company (or “FPIB”), through its wholly-owned subsidiary company, Formosa Prosonic Manufacturing Corporation (USA) (“FPMC”), has in the ordinary course of its business entered into Recurrent Related Party Transactions (“RRPTs”) with a company connected to Acoustech Berhad (“Acoustech”), a company listed on the Main Market of Bursa Malaysia Securities Berhad, which is an entity connected to certain director, shareholder and the Company as disclosed below and the collective consideration of such RRPTs has exceeded the percentage ratio of 1% for the period from 12 November 2012 to 31 January 2013. Related Party : Formosa Prosonic Equipment Sdn Bhd (“FPEQ”) Transacting Party : FPMC, a 100% owned subsidiary of Formosa Prosonic Manufacturing Sdn Bhd (“FPM”), who in turn is a 100% owned subsidiary of FPIB. Nature of Transaction : FPEQ sells water coolers and water cooler spare parts to FPMC. Amount of Transactions : MYR2,408,105.04 2. INTERESTS OF DIRECTORS & MAJOR SHAREHOLDERS FPEQ is a 75% owned subsidiary of Acoustech. FPM has 27.09% direct interest in Acoustech. FPIB is therefore indirectly interested in Acoustech to the same extent. Mr Shih Chao Yuan is a director in both Acoustech and the Company. He is also a director in FPM. Mr Shih is therefore deemed interested in Acoustech pursuant to Section 6A of the Companies Act, 1965 to the extent of FPIB’s interest in Acoustech via its subsidiary, FPM. Mr Chang Song Hai, a director in Acoustech is also a substantial shareholder in FPIB. Save as disclosed above, none of the other directors and/or major shareholders of FPIB and/or persons connected with them, have any interest, direct or indirect, in the RRPTs. 3. RATIONALE FOR THE TRANSACTIONS The RRPTs are necessary for the day-to-day operations and are within the ordinary course of business of the FPIB Group of Companies. The RRPTs are made on arm’s length basis and on normal commercial terms which are not more favourable to the related party than those generally available to the public. 4. FINANCIAL EFFECT OF THE RRPTS The RRPTs do not have any effect on the issued and paid-up share capital of the Company and do not have any material effect on the earnings or the net tangible assets of the FPIB group. However the sales transacted are expected to contribute positively to the earnings of the group. 5. STATEMENT BY AUDIT COMMITTEE The Audit Committee of the Company has reviewed the terms of the RRPTs and is satisfied that the terms are: (i) In the best interest of the Group; (ii) Fair, reasonable and on normal commercial terms; and (iii) Not detrimental to the interest of the Company’s minority shareholders; The opinion is arrived at based on comparison with third party suppliers’ price, terms and services. 6. STATEMENT BY DIRECTORS Save for Mr Shih Chao Yuan, the Board of Directors of the Company has considered all aspects of the RRPTs and is of the opinion that the RRPTs are in the best interest of the Company, is fair, reasonable and conducted on normal commercial terms and are not detrimental to the interest of the minority shareholders of the Company. Accordingly Mr Shih Chao Yuan has abstained and will continue to abstain from all deliberations and voting at board meetings in respect of the RRPTs. 7. APPROVAL OF SHAREHOLDERS AND REVELANT AUTHORITIES The RRPTs are not subject to the approval of shareholders or any relevant authorities. However, in due course the Company proposes to procure a shareholders’ mandate for the RRPTs pursuant to Paragraph 10.09(2) of the MMLR at the forthcoming Annual General Meeting of the Company to be convened on a date to be announced later. This announcement is dated 8 February 2013. | |
WCT-WB - Changes in Director's Interest (S135) - Goh Chin Liong
| Company Name | WCT BERHAD |
| Stock Name | WCT-WB |
| Date Announced | 8 Feb 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | WW-130208-349F0 |
Information Compiled By KLSE
Particulars of Director
| Name | Goh Chin Liong |
| Address | No.3, Jalan 6/155A, Bukit Jalil Golf Resort, 57000 Kuala Lumpur |
| Descriptions(Class & nominal value) | Warrants (2008/2013) |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 176,100 | 0.303 |
| Circumstances by reason of which change has occurred | Disposal of warrants in the open market |
| Nature of interest | Direct |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 0 |
| Direct (%) | 0 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 08/02/2013 |
WCT-WD - Changes in Director's Interest (S135) - Goh Chin Liong
| Company Name | WCT BERHAD |
| Stock Name | WCT-WD |
| Date Announced | 8 Feb 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | WW-130208-349E5 |
Information Compiled By KLSE
Particulars of Director
| Name | Goh Chin Liong |
| Address | No.3, Jalan 6/155A, Bukit Jalil Golf Resort, 57000 Kuala Lumpur |
| Descriptions(Class & nominal value) | Warrants (2012/2017) |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 218,000 | 0.298 |
| Circumstances by reason of which change has occurred | Acquisition of warrants in the open market |
| Nature of interest | Direct |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 1,898,607 |
| Direct (%) | 1.15 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 08/02/2013 |
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