LIONDIV - Change in Audit Committee
| Company Name | LION DIVERSIFIED HOLDINGS BERHAD |
| Stock Name | LIONDIV |
| Date Announced | 19 Feb 2013 |
| Category | Change in Audit Committee |
| Reference No | LD-130219-86B01 |
| Date of change | 19/02/2013 |
| Name | Dato’ Kamaruddin bin Haji Ismail |
| Age | 59 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Member of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | (i) Bachelor of Arts (Honours) degree from the University of Malaya; and (ii) Diploma in Public Administration from the National Institute of Public Administration (INTAN). |
| Working experience and occupation | Dato’ Kamaruddin started his career as Assistant Director, International Trade Division, Ministry of International Trade and Industry (“MITI”) in 1978 before serving as Senior Private Secretary to the Minister in the Prime Minister’s Department in 1982. Dato’ Kamaruddin held various positions in the MITI including: (i) Director of Domestic Trade Division, Northern Branch in 1983; (ii) Principal Assistant Director, Industries Division in 1990; (iii) Director of Industrial Policy Division in 2001; and (iv) Senior Director of Sectoral Policy and Industrial Services from 2003 to 2008. In 2008, Dato’ Kamaruddin was appointed Deputy Secretary General (Industry) MITI, a post he held until his retirement in 2011. Dato’ Kamaruddin was subsequently appointed an adviser to the MITI from 2011 to 2012. Dato’ Kamaruddin was also appointed a member of the Board of Directors of various agencies including Malaysia Technology Development Corporation (MTDC), Malaysian Industry-Government Group for High Technology (MiGHT) and Perbadanan Kemajuan Negeri Kedah (PKNK), and a public limited liability company, Export-Import Bank of Malaysia Berhad. Dato’ Kamaruddin is currently the Chairman of Malaysia Automotive Institute (MAI). |
| Directorship of public companies (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Composition of Audit Committee (Name and Directorate of members after change) | (1) Tan Sri Dato' Seri Dr Aseh bin Haji Che Mat (Member) - Independent Non-Executive Director (2) Heah Sieu Lay (Member) - Independent Non-Executive Director (3) Dato' Kamaruddin bin Haji Ismail (Member) - Independent Non-Executive Director |
LIONDIV - Change in Boardroom
| Company Name | LION DIVERSIFIED HOLDINGS BERHAD |
| Stock Name | LIONDIV |
| Date Announced | 19 Feb 2013 |
| Category | Change in Boardroom |
| Reference No | LD-130219-86B02 |
| Date of change | 19/02/2013 |
| Name | Dato’ Kamaruddin bin Haji Ismail |
| Age | 59 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Non-Executive Director |
| Directorate | Independent & Non Executive |
| Qualifications | (i) Bachelor of Arts (Honours) degree from the University of Malaya; and (ii) Diploma in Public Administration from the National Institute of Public Administration (INTAN). |
| Working experience and occupation | Dato’ Kamaruddin started his career as Assistant Director, International Trade Division, Ministry of International Trade and Industry (“MITI”) in 1978 before serving as Senior Private Secretary to the Minister in the Prime Minister’s Department in 1982. Dato’ Kamaruddin held various positions in the MITI including: (i) Director of Domestic Trade Division, Northern Branch in 1983; (ii) Principal Assistant Director, Industries Division in 1990; (iii) Director of Industrial Policy Division in 2001; and (iv) Senior Director of Sectoral Policy and Industrial Services from 2003 to 2008. In 2008, Dato’ Kamaruddin was appointed Deputy Secretary General (Industry) MITI, a post he held until his retirement in 2011. Dato’ Kamaruddin was subsequently appointed an adviser to the MITI from 2011 to 2012. Dato’ Kamaruddin was also appointed a member of the Board of Directors of various agencies including Malaysia Technology Development Corporation (MTDC), Malaysian Industry-Government Group for High Technology (MiGHT) and Perbadanan Kemajuan Negeri Kedah (PKNK), and a public limited liability company, Export-Import Bank of Malaysia Berhad. Dato’ Kamaruddin is currently the Chairman of Malaysia Automotive Institute (MAI). |
| Directorship of public companies (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
PUNCAK - MATERIAL LITIGATION
| Company Name | PUNCAK NIAGA HOLDINGS BERHAD |
| Stock Name | PUNCAK |
| Date Announced | 19 Feb 2013 |
| Category | General Announcement |
| Reference No | PN-130219-57F39 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY") UPDATE ON DEFAMATION SUIT BY SYARIKAT BEKALAN AIR SELANGOR SDN BHD ("SYABAS") : KUALA LUMPUR HIGH COURT SUIT NO. S-23NCvC-4-2011 SYABAS VS TONY PUA KIAM WEE (THE "SUIT") |
Reference is made to the Company's earlier announcements dated 11 February 2011, 14 February 2011, 28 March 2011, 28 April 2011, 11 May 2011, 20 May 2011, 20 June 2011, 30 June 2011, 26 August 2011, 29 November 2011, 13 December 2011, 21 December 2011, 24 February 2012, 26 March 2012, 8 May 2012, 29 May 2012, 6 June 2012, 5 July 2012, 25 July 2012, 9 August 2012, 12 December 2012 and 5 February 2013 in relation to the Suit. | |
AXIATA - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera
| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 19 Feb 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | AG-130219-559F7 |
Particulars of substantial Securities Holder
| Name | AmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera |
| Address | Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur |
| NRIC/Passport No/Company No. | 766894-T |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | AmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera, Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 13/02/2013 | 4,000,000 |
| Remarks : |
| Form 29B received on 19 February 2013 |
AXIATA - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera
| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 19 Feb 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | AG-130219-5A6D4 |
Particulars of substantial Securities Holder
| Name | AmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera |
| Address | Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur |
| NRIC/Passport No/Company No. | 766894-T |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | AmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera, Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 14/02/2013 | 4,000,000 |
| Remarks : |
| Form 29B received on 19 February 2013 |
PATIMAS - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
| Company Name | PATIMAS COMPUTERS BERHAD |
| Stock Name | PATIMAS |
| Date Announced | 19 Feb 2013 |
| Category | General Announcement |
| Reference No | CC-130219-67753 |
| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description | Patimas Computers Berhad (“Patimas” or “the Company”) Restraining order under Section 176 (10) of the Companies Act, 1965 |
The Company wishes to announce that on 18 February 2013, the Court has granted an order, inter alia, that all proceedings and/or actions and/or any further proceedings in any actions or proceedings against Patimas and its fifteen (15) subsidiaries namely: Patimas Business Solutions Sdn Bhd; Patimas Dot Com Sdn Bhd; Patimas Services Sdn Bhd; Patimas e-Business Sdn Bhd ; Patimas Computer Software Sdn Bhd; Patimas Education Centre Sdn Bhd; Patimas-HPD Systems Sdn Bhd; Patimas Computer Systems Sdn Bhd; OED Technology Sdn Bhd; Patimas Outsourcing Services Sdn Bhd; Patimas Computer Security Sdn Bhd; Patimas Computer Technology Sdn Bhd; Patimas International Sdn Bhd; Patimas Workgroup Technology Sdn Bhd; and Patimas Computer Services Sdn Bhd including all winding up proceedings, receiverships, any execution proceedings including distress, arbitration, or the appointment of receivers and managers as well as any intended or further proceedings be forthwith restrained and stayed pursuant to Section 176 (10) of the Companies Act, 1965 for a period of sixty (60) days from the date of the order, except by leave by the Court and subject to such terms as the Court may impose. The Group’s businesses are currently experiencing cash constraints due to softening of the computer related products and services market and competitiveness in the computer industry as a result of the economic slowdown commencing the second half of 2008. On 1 November 2012, Patimas had made an announcement that it is considered a PN 17 company pursuant to the Main Market Listing Requirements. The PN17 criteria was triggered as a result of Patimas’ latest financial statements for the financial period of 1 January 2011 to 31 March 2012 wherein the auditors have expressed a disclaimer of opinion on Patimas’ latest audited financial statements for the aforesaid financial period. Further, on 28 November 2012, Patimas had made an announcement that it is considered a PN 1 company pursuant to the Main Market Listing Requirements. As a result, the Group is unable to comply with its repayment obligations to its secured lenders and creditors. A number of the Group’s creditors, secured or otherwise, have commenced or threatened to commence legal proceedings against the Group for recovery of their debts. The Restraining Order will allow Patimas to focus on formalizing the proposed schemes of arrangements unhindered without having to divert its attention and resources to defending and dealing with any proceeding and/or actions from the Group’s creditors. The Restraining Order is not expected to have any material impact on the financial and operational matters of Patimas Group. The details of the proposed schemes of arrangement will be announced in due course. This announcement is dated 19 February 2013.
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WANGZNG - Wang-Zheng Berhad (“WZB” or “the Company”) - Subscription of Shares by Carefeel Cotton Industries (M) Sdn Bhd (“CCI”) In Oscar Cheers Sdn Bhd (“OCSB”)
| Company Name | WANG-ZHENG BERHAD |
| Stock Name | WANGZNG |
| Date Announced | 19 Feb 2013 |
| Category | General Announcement |
| Reference No | CC-130219-68066 |
| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IJ-130214-44804 |
| Subject | Wang-Zheng Berhad (“WZB” or “the Company”) - Subscription of Shares by Carefeel Cotton Industries (M) Sdn Bhd (“CCI”) In Oscar Cheers Sdn Bhd (“OCSB”) |
| Description | Wang-Zheng Berhad (“WZB” or “the Company”) - Subscription of Shares by Carefeel Cotton Industries (M) Sdn Bhd (“CCI”) In Oscar Cheers Sdn Bhd (“OCSB”) |
| Query Letter Contents | We refer to the Company's announcement dated 8 February 2013, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- The date of incorporation and date of commencement of business of OCSB; The existing shareholders of OCSB; Background information of OCSB including the history of its business, its track record, expertise and capabilities in undertaking property development projects; The detail basis to arrive at the subscription consideration other than willing-buyer willing-seller basis; Detail information on the proposed mixed development at Setia Alam to be undertaken by OCSB including the name of the project, type of development (residential, commercial or industrial), number of units for each type of development, gross development value, development cost and profit, expected commencement and completion date, source of funds to finance the development cost, and whether relevant approvals for the development have been obtained and the date(s) obtained thereof; Whether OCSB currently has other proposed development projects other than the Setia Alam development project. If yes, to provide the details of the proposed development; Background information on Mega Milestone Sdn Bhd, and the Joint Venture Agreement ("JVA") between Sunsuria and Mega Milestone Sdn Bhd; The role of OCSB in the JVA between Sunsuria and Mega Milestone Sdn Bhd; Further clarification on whether the JVA is between OCSB or Sunsuria with Mega Milestone Sdn Bhd; The subscription price per share to be paid by Sunsuria and PGSB respectively for their OCSB share subscription. If the subscription price is lower than RM1,151.70 per OCSB Share to be paid by CCI, to state the reasons and justification thereof; Justification on the rationale that the Subscription will ensure sustainable growth of the Group; The risk factors in relation to the proposed mixed development by OCSB; The particulars of liabilities to be assumed by the Group arising from the Subscription; and The specific factors being considered by the Board in forming its opinion that the Subscription is in the best interest of the Group. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully IRWAN JOHARI Senior Manager, Issuers Listing Division Regulation c.c:- General Manager and Head, Market Surveillance, Securities Commission (via fax) |
Reference is made to the Company’s announcement dated 8 February 2013. The Board of Directors of the Company wishes to further announce the following: - 1. Date of incorporation and commencement of business of OCSB OCSB was incorporated on 6 December 2012 and has entered into a Joint Venture Agreement with Mega Milestone Sdn Bhd on 31 December 2012. Meanwhile, OCSB is in the midst of preparing to submit an application for Development Order to Majlis Bandaraya Shah Alam (MBSA) at around end of April 2013. The rational for CCI to subscribe the shares in OCSB after taking into consideration the development potential and prospects of OCSB’s proposed mixed development project located at Setia Alam, Mukim Bukit Raja, Selangor. The mixed development project is located at a strategic and mature location close proximity to commercial hub, which has excellent development potential and capital appreciation.
2. The existing shareholders of OCSB OCSB is a wholly-owned subsidiary of Sunsuria Development Sdn Bhd and has a total issued and paid-up capital of RM2.00 comprising of 2 shares of RM1.00 each, held by Sunsuria Development Sdn Bhd.
3. Background information of OCSB, history, track record and capabilities As OCSB was incorporated on 6 December 2012, it has little history and track record. However, it is a wholly-owned subsidiary of Sunsuria Development Sdn Bhd, which is an established property developer with extensive expertise and capabilities in undertaking property development projects. Sunsuria Development Sdn Bhd is a member of the Sunsuria Group of Companies, an established property development group with more than 15 years experience.
4. Detailed basis to arrive at the subscription consideration The consideration of RM16,434,759.00 paid by CCI for the 14,270 shares in OCSB represents 14.27% of the enlarged issued and paid up share capital of OCSB, and CCI’s portion (i.e. 14.27%) of the land-owner’s entitlement of the proposed development amounting to RM115,170,070.00 pursuant to the Joint Venture Agreement (“JVA”) between OCSB and Mega Milestone Sdn Bhd.
5. Detailed information on the proposed mixed development at Setia Alam by OCSB The proposed project by OCSB has not been named at the current stage. The development is expected to comprise serviced residential apartments, a hotel component, and some retail units. Based on an allowable plot ratio of 1:5 for Pusat Bandar Setia Alam according to the MBSA’s Local Plan, and the titled area of 13.56 acres (54,870m2) of the proposed site, it is envisaged that a permissible gross floor area of 2.95 million square feet is achievable. At 70% efficiency, a resultant 2.0 million square feet of net built up area is expected. This being the case, it is estimated that a Gross Development Value of over RM1billion can be achieved based on net sales estimated at a conservatively priced RM500 per square feet, whilst Gross Development Cost is estimated at around RM890 million. The source of funds for the development costs would be via shareholders’ funds and bank borrowings. OCSB is in the midst of preparing to submit an application for Development Order to MBSA. The project is expected to be developed in stages over a period of five to six years upon obtaining planning approval.
6. Whether OCSB currently has other proposed development projects other than the Setia Alam development project OCSB has no other projects other than the Setia Alam project.
7. Background on Mega Milestone Sdn Bhd (“Mega Milestone”) and the JVA between OCSB and Mega Milestone Sdn Bhd Mega Milestone Sdn Bhd is the owner of a piece of freehold land located in Setia Alam, known as Lot PT27890, HSD 268650, Mukim Bukit Raja, Daerah Petaling, Negeri Selangor, measuring 54,870 square meters. The Joint Venture Agreement (“JVA”) entered between OCSB and Mega Milestone Sdn Bhd is for a mixed development project located at Setia Alam, Mukim Bukit Raja, Selangor. 8. The role of OCSB Pursuant to the JVA, OCSB is to develop the land located in Setia Alam owned by Mega Milestone.
9. Clarification on the JV Agreement The JVA is signed between OCSB with Mega Milestone to undertake a mixed development project located in Setia Alam.
10. Subscription price of OCSB shares of each party respectively Both CCI and PGSB subscribes at RM1,151.70 per share for their stakes in OCSB respectively. Sunsuria’s equivalent obligation of RM1,151.70 per share is via its funding to OCSB, an amount of RM93,391,423 towards the proposed development for its 81.09% of the enlarged issued and paid-up share capital of OCSB. 11. Justification on the rationale that the Subscription will ensure sustainable growth of the Group The Subscription is meeting at the best possible terms and is expected to generate positive income to the Group arising from the returns of the investment. These would ultimately benefit the WZB Group and the shareholders by enhancing profitability and returns on shareholders’ funds. 12. The risk factors in relation to the proposed mixed development by OCSB The risks associated with the proposed mixed development include the following: - Non-payment from client - Funding for project working capital - Fluctuations in the cost of raw materials that may increase the overall cost of construction - Possible shortage of key raw materials and skilled labour that may delay the timely completion of the project - Unseasonable wet weather that may delay the timely completion of the project - Failure to obtain all the necessary legal and regulatory certificates, permits and licences that may delay the completion of the project 13. The particulars of liabilities to be assumed by the Group arising from the Subscription The Board does not foresee any liabilities to be assumed by the Group arising from the Subscription. 14. The specific factors being considered by the Board in forming its opinion that the subscription is in the best interest of the Group. The Board of Directors of WZB, having taken into consideration all aspects of the Subscription based on the background of OCSB and Sunsuria together with the prospect of the said proposed mixed development project, is of the opinion that the Subscription is fair and reasonable, established under normal commercial terms and are in the best interest of the Company and are not detrimental to the interest of the non-interested shareholders. This announcement is made on 19 February 2013.
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MULPHAL - Quarterly rpt on consolidated results for the financial period ended 31/12/2012
| Company Name | MULPHA LAND BERHAD |
| Stock Name | MULPHAL |
| Date Announced | 19 Feb 2013 |
| Category | Financial Results |
| Reference No | ML-130219-B2398 |
| Financial Year End | 31/12/2012 |
| Quarter | 4 |
| Quarterly report for the financial period ended | 31/12/2012 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION31/12/2012 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 40,013 | 7,688 | 42,968 | 17,850 |
| 2 | Profit/(loss) before tax | 7,950 | 1,892 | 4,223 | 1,623 |
| 3 | Profit/(loss) for the period | 7,298 | 796 | 3,124 | 917 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 6,474 | 543 | 2,702 | 426 |
| 5 | Basic earnings/(loss) per share (Subunit) | 7.09 | 0.59 | 2.96 | 0.47 |
| 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.2600 | 1.2300 | ||
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
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