PANAMY - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management PLC and its subsidiaries
| Company Name | PANASONIC MANUFACTURING MALAYSIA BERHAD |
| Stock Name | PANAMY |
| Date Announced | 22 Feb 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CA-130222-16D9E |
Particulars of substantial Securities Holder
| Name | Aberdeen Asset Management PLC and its subsidiaries |
| Address | 10 Queen's Terrace Aberdeen AB10 1YG Scotland |
| NRIC/Passport No/Company No. | 82015 |
| Nationality/Country of incorporation | Scotland |
| Descriptions (Class & nominal value) | Ordinary shares of RM1.00 each |
| Name & address of registered holder | Aberdeen Asset Management Asia Limited 21 Church Street #01-01 Capital Square Two Singapore 049480 Aberdeen Asset Management Inc. 103, Springer Building, 3411 Silverside Road, Wilmington Delaware 19810 USA Aberdeen Asset Management Sdn Bhd Suite 1005, 10th Floor Wisma Hamzah-Kwong Hing No. 1, Leboh Ampang 50100 Kuala Lumpur Aberdeen Islamic Asset Management Sdn Bhd Suite 1005, 10th Floor Wisma Hamzah-Kwong Hing No. 1, Leboh Ampang 50100 Kuala Lumpur Aberdeen International Fund Managers Limited Rm 2605-06, 26/F Alexandra House 18 Chater Road Central, Hongkong |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 13/02/2013 | 900 |
| Remarks : |
| This Form 29B was received by the Company on 21 February 2013. |
SEB - Quarterly rpt on consolidated results for the financial period ended 31/12/2012
| Company Name | SEREMBAN ENGINEERING BERHAD |
| Stock Name | SEB |
| Date Announced | 22 Feb 2013 |
| Category | Financial Results |
| Reference No | CM-130222-54735 |
| 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 | 23,295 | 30,852 | 101,992 | 85,258 |
| 2 | Profit/(loss) before tax | 906 | 1,790 | 8,275 | 4,766 |
| 3 | Profit/(loss) for the period | 1,435 | 1,612 | 7,153 | 3,969 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 1,428 | 1,520 | 7,058 | 3,930 |
| 5 | Basic earnings/(loss) per share (Subunit) | 1.79 | 1.90 | 8.85 | 4.91 |
| 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 2.00 | 1.00 |
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 ($$) | 0.8100 | 0.7400 | ||
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 |
MEGB - OTHERS MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”) “Article Entitled: Masterskill board to meet on plan The company intends to be asset light by hiving off its properties”
| Company Name | MASTERSKILL EDUCATION GROUP BERHAD |
| Stock Name | MEGB |
| Date Announced | 22 Feb 2013 |
| Category | General Announcement |
| Reference No | CM-130222-67332 |
| Type | Announcement |
| Subject | OTHERS |
| Description | MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”) “Article Entitled: Masterskill board to meet on plan The company intends to be asset light by hiving off its properties” |
Referring to a reported article published on page 2, StarBiz of the Star dated 21 February 2013, the Board of Directors of MEGB (“the Board”) wishes to announce that it had today approved its asset-light strategy. Even though the Company had received a proposal, as at the date of this announcement, no firm decisions had been made as the Company is still evaluating the best option to enhance the shareholders’ value. The Company would make the appropriate announcement to Bursa Malaysia Securities Berhad (“Bursa Malaysia”) in a timely manner in accordance with the Main Market Listing Requirements of Bursa Malaysia should there be any further development on the said matters. This announcement is dated 22 February 2013. | |
APFT - OTHERS APFT Berhad ("APFT" or "the Company") - Memorandum of Agreement between PT Panca Global Investama and Asia Pacific Flight Training Sdn Bhd (Company No. 534715-H), a wholly-owned subsidiary of APFT
| Company Name | APFT BERHAD |
| Stock Name | APFT |
| Date Announced | 22 Feb 2013 |
| Category | General Announcement |
| Reference No | CC-130222-62020 |
| Type | Announcement |
| Subject | OTHERS |
| Description | APFT Berhad ("APFT" or "the Company") - Memorandum of Agreement between PT Panca Global Investama and Asia Pacific Flight Training Sdn Bhd (Company No. 534715-H), a wholly-owned subsidiary of APFT |
The Board of Directors ("the Board") of APFT wishes to announce that Asia Pacific Flight Training Sdn. Bhd. ("APFTSB"), a wholly-owned subsidiary of the Company will be entering into a Memorandum of Agreement (“the said MOA”) on 26 February 2013 with PT Panca Global Investama ("PGI"), a limited liability company established according to and under the laws of the Republic of Indonesia and domiciled in Kupang to form a joint venture company ("JV Company") to set up the first Malaysian Flight Academy in Indonesia. PGI is engaged in business of aviation related operation and holds the majority stakes of PT Transnusa Aviation Mandiri. The JV Company will be named "PT Trans Asia Pacific Aviation Training" which will set up, operate and maintain a flight training academy to facilitate training (single engine and twin engine aircraft) of trainee pilots. The JV Company will be owned 49% by APFTSB and 51% owned by PGI. The location of the academy is to be identified by the JV Company. Subject to this, the expected date of operation will be in Q4 2013 or Q1 2014. This announcement is dated 22 February 2013. | |
PELIKAN - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD
| Company Name | PELIKAN INTERNATIONAL CORPORATION BERHAD |
| Stock Name | PELIKAN |
| Date Announced | 22 Feb 2013 |
| Category | General Announcement |
| Reference No | PI-130222-A9916 |
| Type | Announcement | ||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS DURING CLOSED PERIOD | ||||||||||||
| Description | Further to the announcement made to Bursa Malaysia Securities Berhad on 29 January 2013 in relation to the notice of intention by director to deal in Pelikan International Corporation Berhad’s securities during closed period, we wish to announce that Mr. Loo Hooi Keat, a Director of the Company, had on 22 February 2013 informed the Company of his dealing in the securities of the Company as per the following table. | ||||||||||||
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PETGAS - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 22 Feb 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PG-130222-B44A2 |
Particulars of substantial Securities Holder
| Name | KUMPULAN WANG PERSARAAN (DIPERBADANKAN) |
| Address | Aras 4, 5 & 6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | KWAPACT6622007 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Share of RM1.00/share |
| Name & address of registered holder | Kumpulan Wang Persaraan (Diperbadankan) Aras 4, 5 & 6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 19/02/2013 | 15,200 |
| Remarks : |
| Received Form 29B on 22 February 2013 |
AXIATA - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 22 Feb 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | AG-130222-3295B |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | 1) Employees Provident Fund Board ("EPF Board") Ibu Pejabat KWSP, Bangunan KWSP Jalan Raja Laut, 50350 Kuala Lumpur 2) Citigroup Nominees (Tempatan) Sdn Bhd ("Citigroup") EPF Board 3) Citigroup EPF Board (AMUNDI) 4) Citigroup EPF Board (KIB) 5) Citigroup EPF Board (HDBS) 6) Citigroup EPF Board (RHB INV) 7) Citigroup EPF Board (AM INV) 8) Citigroup EPF Board (ALLIANCE) 9) Citigroup EPF Board (NOMURA) 10) Citigroup EPF Board (CIMB PRI) 11) Citigroup EPF Board (ARIM) 12) Citigroup EPF Board (TEMPLETON) 13) Citigroup EPF Board (ABERDEEN) Level 42, Menara Citibank 165 Jalan Ampang, 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Remarks : |
| 1) The total number of 1,003,901,506 ordinary shares comprised of the following:- a) Citigroup EPF Board - 914,264,906 b) EPF Board - 3,332,900 c) Citigroup EPF Board (AMUNDI) - 3,240,250 d) Citigroup EPF Board (KIB) - 630,000 e) Citigroup EPF Board (HDBS) - 5,730,375 f) Citigroup EPF Board (RHB INV) - 1,500,000 g) Citigroup EPF Board (AM INV) - 8,148,550 h) Citigroup EPF Board (ALLIANCE) - 1,700,000 i) Citigroup EPF Board (NOMURA) - 36,336,300 j) Citigroup EPF Board (CIMB PRI) - 18,253,925 k) Citigroup EPF Board (ARIM) - 3,100,000 l) Citigroup EPF Board (TEMPLETON) - 2,264,300 m) Citigroup EPF Board (ABERDEEN) - 5,400,000 2) Form 29B received on 22 February 2013 |
BGYEAR - OTHERS BINA GOODYEAR BERHAD (“BGB” OR “COMPANY”) PROPOSED DEBT SETTLEMENT OF BGB GROUP (“PDS”)
| Company Name | BINA GOODYEAR BERHAD |
| Stock Name | BGYEAR |
| Date Announced | 22 Feb 2013 |
| Category | General Announcement |
| Reference No | CM-130222-67529 |
| Type | Announcement |
| Subject | OTHERS |
| Description | BINA GOODYEAR BERHAD (“BGB” OR “COMPANY”) PROPOSED DEBT SETTLEMENT OF BGB GROUP (“PDS”) |
Further to the Company’s announcement on 22 January 2013, the Board of Directors of Bina Goodyear Berhad (“BGB”) wishes to announce that the court has granted the Company’s application to the High Court to convene the Court Convened Meeting . This announcement is dated 22 February 2013. | |
BGYEAR - OTHERS BINA GOODYEAR BERHAD ("BGB" or "The Company") ISSUANCE OF INVESTIGATIVE AUDIT REPORT BY PKF ADVISORY SDN BHD
| Company Name | BINA GOODYEAR BERHAD |
| Stock Name | BGYEAR |
| Date Announced | 22 Feb 2013 |
| Category | General Announcement |
| Reference No | CM-130222-67358 |
| Type | Announcement |
| Subject | OTHERS |
| Description | BINA GOODYEAR BERHAD ("BGB" or "The Company") ISSUANCE OF INVESTIGATIVE AUDIT REPORT BY PKF ADVISORY SDN BHD |
The current executive directors had joined BGB and its subsidiary and associated companies (“BGB Group”) in December 2011.
In an emergency Board of Directors (“BOD”) meeting held on 19 November 2012, the Senior General Manager, Finance in charge of the accounts of the Group informed the BOD that almost RM30 million of the Work-in-Progress (“WIP”) balances is not billable and chargeable to the customers and that the Group would need to make a provision for this amount.
Prior to the Emergency BOD meeting held on 19 November 2012, the BOD were not aware of such significant unrecoverable WIP as the Senior General Manager, Finance, had not previously brought this matter to their attention.
The Investigative Audit Report was then commissioned by BGB on 19 November 2012, following allegations of, amongst others, irregularities in the Company’s accounts which were brought to the attention of the BOD.
THE FINDINGS
According to the Investigative Review Report, the key areas of financial irregularities pertaining to the BGB Group identified are as below:
1) WIP account balances
The WIP account balances were found to have included unrecoverable WIP from past projects into the current projects, in accordance with confessions of the Senior General Manager, Finance, thus rendering the reliability of the WIP related financial records as not possible.
The analysis of the WIP Schedule confirmed several discrepancies, indicating that the schedule was not prepared in accordance with the percentage of completion method required by the accounting standards and that the figures stated in the WIP Schedule neither correspond to the figures extracted from the GL nor the figures provided by the project staff. These discrepancies were also not highlighted by the external auditors.
The profits and operation cash flows also showed a significant disconnect from FYE 2005 to FYE 2008.
2) Puncak Capai Sdn Bhd (“PCSB”)
PCSB is a major supplier of building materials to the BGB Group and was a related party to the BGB Group through the spouse of a previous director of BGB, who was also the director and shareholder of PCSB at the material time. The related party transactions at the time were not disclosed in the Annual Reports or in the Recurrent Related Party Transaction Circulars.
Bursa Malaysia Securities Berhad (“Bursa Malaysia”) had enquired into the PCSB transactions in 2011 and a special review was conducted by the internal auditors. The report was provided to Bursa Malaysia in February 2012.
Whilst no irregularities were found on PCSB transactions in that items ordered were delivered, it was noted in the special review by the internal auditor, that certain orders were placed with PCSB without price or other comparisons.
Our analysis however does not show any direct material benefit arising to the related parties.
3) Contra Properties
It was noted that contra properties sold to Dynamic Reap Sdn Bhd and Lucky Kinetic Sdn Bhd were at a discount from 4.6% to 5.0%. This privilege provided to the 2 shareholders of PCSB was not given to other purchasers, save for 1 transaction with a subcontractor. We nonetheless note that the discount was not substantial.
4) Drawdown of Loans with CIMB and Sabah Development Bank
These loans are project financing loans for the 5 Stone SS2 and Putrajaya 2C10 projects. The review showed no discrepancies other than a change in the drawdown terms of the Sabah Development Bank – Putrajaya 2C10 loan whereby BGB had requested to change the drawdown document from subcontractor claims to its own claims to Putrajaya. The bank did not reply but had allowed drawdowns based on BGB’s own claims to Putrajaya.
5) Advances by Previous Directors
The advances amounting to RM14.2 million in aggregate, and disbursed between 15 December 2010 to 5 December 2011, and although they were recorded under the names of Ang Kar Beng @ Ang Chia Liong and Wong Chee Seng were in effect advances from directors. However, other than non-disclosures, no material financial damages to BGB are noted in this connection.
FINANCIAL IMPACT OF THE FINDINGS
The findings showed that the financial position of the BGB Group as at 30 September 2012 has retracted by near to RM90 million from the audited financial statements as at 30 June 2012. This sum was noted to have arisen mainly from the write off of unrecoverable WIP, impairment of bad debts, additional costs to complete and the provisions for LAD, some of which pertain to prior years and should have been written off in those prior years.
NEXT STEPS
The Board of Directors will seek the advice of the Company’s legal advisors on the next course of action to be taken. | |
PJBUMI - Change in Audit Committee
| Company Name | PJBUMI BERHAD |
| Stock Name | PJBUMI |
| Date Announced | 22 Feb 2013 |
| Category | Change in Audit Committee |
| Reference No | CC-130222-BDEEB |
| Date of change | 22/02/2013 |
| Name | Mohd Mahyudin Bin Zainal |
| Age | 44 |
| Nationality | MALAYSIAN |
| Type of change | Appointment |
| Designation | Member of Audit Committee |
| Directorate | Non Independent & Non Executive |
| Qualifications | Bachelor of Law Degree LLB (Hons) from Universiti Kebangsaan Malaysia. He was admitted as Advocate & Solicitor of High Court Of Malaya in 1994. |
| Working experience and occupation | He is presently a Director and Chief Executive Officer of ECE Technologies Sdn. Bhd which is now the major shareholder of China Media Group Corporation. He has extensive experience in many spheres of law including commercial litigation, conveyancing and corporate legal practice. He has been involved in large scale corporate restructuring exercises involving corporate restructuring, mergers and acquisitions of public listed companies locally and also acquisitions of foreign companies in South East Asia. He was directly involved in the listing of Mutiara Goodyear Development Berhad on the Main Board of Bursa Malaysia and the restructuring of Idaman Unggul Berhad (formerly known as Idris Hydraulic (M) Berhad). He was also directly involved in the establishment of Tahan Insurance Berhad via the merger of three insurance companies namely Talasco Insurance Berhad, Tenaga Insurance Berhad and People Insurance Berhad. Prior to joining ECE Technologies in August 2008, he was the Chief Executive Officer/President of WWCable Berhad. He was involved in various industries such as manufacturing, property development, construction, financial and insurance and also an Executive Director and Director of several public listed companies namely Idaman Unggul Berhad, Idris Hydraulic (M) Berhad, Mutiara Goodyear Development Berhad, Sern Kou Resources Berhad, Tap Resouces Berhad, Talasco Insurance Berhad, People Insurance Berhad and Tahan Insurance Berhad. |
| 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. ABDUL RAHMAN BIN HAJI SIRAJ Chairman of Audit Committee (Independent & Non-Executive Director) 2. AHMAD BIN MD DAUD Member of Audit Committee (Independent & Non-Executive Director) 3.MOHD MAHYUDIN BIN ZAINAL Member of Audit Committee (Non-Independent & Non-Executive Director) |
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