February 28, 2013

Company announcements: PCHEM, MAXWELL, OLDTOWN, FGV

PCHEM - 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 NamePETRONAS CHEMICALS GROUP BERHAD  
Stock Name PCHEM  
Date Announced28 Feb 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPC-130228-AFDB0

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 RM0.10 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired25/02/2013
70,100
 

Circumstances by reason of which change has occurredPurchase of shares in the open market
Nature of interestDirect
Direct (units)70,100 
Direct (%)0.001 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change998,468,100
Date of notice26/02/2013

Remarks :
Form 29B dated 26 February 2013 was received by the Company on 28 February 2013.


MAXWELL - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMAXWELL INTERNATIONAL HOLDINGS BERHAD  
Stock Name MAXWELL  
Date Announced28 Feb 2013  
CategoryChange in Boardroom
Reference NoCC-130221-62482

Date of change28/02/2013
NameLee Chong Hoe
Age49
NationalityMalaysian
Type of changeAppointment
DesignationDirector
DirectorateIndependent & Non Executive
QualificationsDouble Degree of Bachelor of Economics (majoring in accounting and economics)/LLB from Monash University, Melbourne Australia 
Working experience and occupation Mr Lee Chong Hoe started working as tax consultant in KPMG Tax Services Sdn. Bhd. in 1990. He then went into legal practice in 1992 and specialised in commercial matters, mergers & acquisitions, IPO, reverse takeovers, debts restructuring, corporate and securities laws. Currently, Mr Lee is a partner in a Kuala Lumpur law firm, Messrs Teh & Lee.  
Directorship of public companies (if any)None 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 


MAXWELL - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameMAXWELL INTERNATIONAL HOLDINGS BERHAD  
Stock Name MAXWELL  
Date Announced28 Feb 2013  
CategoryChange in Audit Committee
Reference NoCC-130221-63281

Date of change28/02/2013
NameLee Chong Hoe
Age49
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsDouble Degree of Bachelor of Economics (majoring in accounting and economics)/LLB from Monash University, Melbourne Australia 
Working experience and occupation Mr Lee Chong Hoe started working as tax consultant in KPMG Tax Services Sdn. Bhd. in 1990. He then went into legal practice in 1992 and specialised in commercial matters, mergers & acquisitions, IPO, reverse takeovers, debts restructuring, corporate and securities laws. Currently, he is a partner in a Kuala Lumpur law firm, Messrs Teh & Lee.  
Directorship of public companies (if any)None 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 
Composition of Audit Committee (Name and Directorate of members after change)Mr Tam Fook Cheong (Chairman, Independent Non-Executive Director)
Mr Li Qizhe (Member, Non-Independent Non-Executive Director)
Mr Tan Hon Yik (Member, Independent Non-Executive Director)
Mr Lee Chong Hoe (Member, Independent Non-Executive Director)


MAXWELL - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMAXWELL INTERNATIONAL HOLDINGS BERHAD  
Stock Name MAXWELL  
Date Announced28 Feb 2013  
CategoryChange in Boardroom
Reference NoCC-130226-65165

Date of change28/02/2013
NameLi Kwai Chun
Age55
NationalityHong Kong
Type of changeRedesignation
Previous PositionChairman & Executive Director
New PositionPresident
DirectorateExecutive
QualificationsDiploma for postgraduate courses of Executive Masters of Business Administration for Managers from Hong Kong International Business College 
Working experience and occupation From March 1980, Mdm Li Kwai Chun was involved in her own business of sale of arts and crafts and then textile in June 1984. She has had more than 10 years of experience in the trading business of footwear. In November 1994, she set up Chun Hing Industry Company in Hong Kong to engage in the business of trading of footwear, textile and chemicals. In October 1997, she set up Chun Hing Industry (Hong Kong) Co., Ltd. to engage in the business of trading footwear, textile and chemicals. In June 1999, she and her husband, Li Chun Tak set up Jinjiang Zhenxing Shoes & Plastics Co. Ltd. ("Zhenxing Shoes") to commence the business of manufacturing sports shoes for overseas customers. In June 2003, she set up Jiayi (Fujian) Import & Export Trade Co., Ltd. ("Jiayi Trading") to engage principally in the footwear and sports apparel procurement business. 
Directorship of public companies (if any)None 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest of 218,278,046 ordinary shares of RM0.40 each (54.69%) in Maxwell International Holdings Berhad ("MAXWELL") and deemed interest of 14,372,387 ordinary shares of RM0.40 each (3.60%) through her son, Mr Li Yin Chung Hughes' direct shareholding in MAXWELL by virtue of Section 134(2)(c) of the Companies Act, 1965.  


MAXWELL - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMAXWELL INTERNATIONAL HOLDINGS BERHAD  
Stock Name MAXWELL  
Date Announced28 Feb 2013  
CategoryChange in Boardroom
Reference NoCC-130227-38237

Date of change28/02/2013
NameTam Fook Cheong
Age60
NationalityMalaysian
Type of changeRedesignation
Previous PositionDirector
New PositionChairman
DirectorateIndependent & Non Executive
QualificationsFellowship of the Chartered Association of Certified Accountants United Kingdom, Associateship of the Chartered Institute of Management Accountants, United Kingdom and Member of the Malaysian Institute of Accountants. 
Working experience and occupation Prior to joining Maxwell International Holdings Berhad, Mr Tam Fook Cheong worked as an auditor in a medium size audit firm and later joined National University of Malaya as Financial Accountant. He joined Petroliam Nasional Berhad ("PETRONAS") in January 1980 and has undertaken variuos assignments within the PETRONAS group in the area of strategic planning and corporate budgeting, financial reporting, project and property development as well as other finance related matters. He has held various managerial positions during his long service with PETRONAS group until end of 2008. 
Directorship of public companies (if any)None 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest of 2 ordinary shares of RM0.40 each in Maxwell International Holdings Berhad. 


MAXWELL - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMAXWELL INTERNATIONAL HOLDINGS BERHAD  
Stock Name MAXWELL  
Date Announced28 Feb 2013  
CategoryChange in Boardroom
Reference NoCC-130221-63851

Date of change28/02/2013
NameTan Hon Yik
Age32
NationalityMalaysian
DesignationDirector
DirectorateIndependent & Non Executive
Type of changeResignation
ReasonDue to work commitments.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsLLB (Hons) from Bond University, Australia and LLM (Corporate & Commercial Law) from University of New South Wales, Australia 
Working experience and occupation After graduation in year 2002 , Mr Tan Hon Yik practiced with Wong & Partners (a member firm of Baker & McKenzie International) in Kuala Lumpur, Malaysia as a member of the banking & finance and corporate & commercial practice groups. In 2005, he became a founding partner of the law firm, Naqiz & Partners and is currently the Deputy Managing Partner of the firm. 
Directorship of public companies (if any)I-Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 


MAXWELL - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameMAXWELL INTERNATIONAL HOLDINGS BERHAD  
Stock Name MAXWELL  
Date Announced28 Feb 2013  
CategoryChange in Audit Committee
Reference NoCC-130221-64676

Date of change28/02/2013
NameTan Hon Yik
Age32
NationalityMalaysian
Type of changeResignation
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsLLB (Hons) from Bond University, Australia and LLM (Corporate & Commercial Law)from University of New South Wales, Australia  
Working experience and occupation After graduation in year 2002 , Mr Tan Hon Yik practiced with Wong & Partners (a member firm of Baker & McKenzie International) in Kuala Lumpur, Malaysia as a member of the banking & finance and corporate & commercial practice groups. In 2005, he became a founding partner of the law firm, Naqiz & Partners and is currently the Deputy Managing Partner of the firm. 
Directorship of public companies (if any)I-Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 
Composition of Audit Committee (Name and Directorate of members after change)Mr Tam Fook Cheong (Chairman, Independent Non-Executive Director)
Mr Li Qizhe (Member, Non-Independent Non-Executive Director)
Mr Lee Chong Hoe (Member, Independent Non-Executive Director)


OLDTOWN - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameOLDTOWN BERHAD  
Stock Name OLDTOWN  
Date Announced28 Feb 2013  
CategoryGeneral Announcement
Reference NoCL-130228-0224B

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionOLDTOWN BERHAD ("OLDTOWN" OR "THE COMPANY")
VARIATION OF MORE THAN 10% IN ACTUAL VALUE OF RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING IN NATURE ("RRPTs")TRANSACTED FROM THE ESTIMATED VALUE

Pursuant to Paragraph 10.09(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and the existing Shareholders' Mandate for RRPTs obtained on 28 June 2012, Oldtown wishes to announce that the actual value of the RRPTs transacted between Kopitiam Asia Pacific Sdn Bhd (“KAP”), a wholly-owned subsidiary of Oldtown with OTK(Shah Alam) Sdn Bhd and OTK (Rawang) Sdn Bhd ("the Related Parties”), has exceeded the estimated value of RRPTs as disclosed in the Circular to Shareholders dated 6 June 2012 (“the Circular”) by more than 10% (ten percent).

Further details are set out in the table below:

Related Parties

Type of RRPTs

Estimated value of RRPTs disclosed in the Circular

Actual value of RRPTs transacted from 28 June 2012 until 30 December 2012

Variance

Variance

(RM)

(RM)

(RM)

(%)

OTK (Shah Alam) Sdn Bhd

Sale of furniture and utensils

47,000

470,316

423,316

901

OTK (Rawang) Sdn Bhd

Sale of furniture and utensils

47,000

304,227

257,227

547

The variation of the actual value for sale of furniture and utensils from KAP exceeded the estimated value by more than 10% was due to the opening of new outlets by the Related Parties during the mandate period.

(This announcement is dated 28 February 2013.)



FGV - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameFELDA GLOBAL VENTURES HOLDINGS BERHAD  
Stock Name FGV  
Date Announced28 Feb 2013  
CategoryChange in Boardroom
Reference NoFG-130227-32975

Date of change28/02/2013
NameDato' Abdul Rahman bin Ahmad
Age43
NationalityMalaysian
DesignationDirector
DirectorateIndependent & Non Executive
Type of changeResignation
ReasonDue to other work commitments.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
Qualifications-Master of Arts in Economics from Cambridge University, United Kingdom in 1992.

-Member of the Institute of Chartered Accountants in England and Wales.  
Working experience and occupation 1992-1996 : Assistant Manager at Arthur Andersen, London, United Kingdom.

1996-1999 : Special Assistant to the Executive Chairman of Trenergy (M) Berhad/Turnaround Managers Inc (M) Sdn Bhd.

1999 : Unit Head, Pengurusan Danaharta Nasional Berhad.

2000-2001 : Executive Director of SSR Associates Sdn Bhd.

Between 2001-2003 : Chief Executive Officer of Malaysian Resources Corporation Berhad & Executive Director of Sistem Televisyen Malaysia Berhad.

2003-2009 : Group Managing Director and Chief Executive Officer of Media Prima Berhad.

Since September 2009 : Director and Chief Executive Officer of Ekuiti Nasional Berhad. 
Directorship of public companies (if any)- Ekuiti Nasional Berhad
- Malaysian Resources Corporation Berhad
- Axiata Group Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


FGV - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameFELDA GLOBAL VENTURES HOLDINGS BERHAD  
Stock Name FGV  
Date Announced28 Feb 2013  
CategoryChange in Audit Committee
Reference NoFG-130227-32857

Date of change28/02/2013
NameDato’ Abdul Rahman bin Ahmad
Age43
NationalityMalaysian
Type of changeResignation
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
Qualifications-Master of Arts in Economics from Cambridge University, United Kingdom in 1992.

-Member of the Institute of Chartered Accountants in England and Wales. 
Working experience and occupation 1992-1996 : Assistant Manager at Arthur Andersen, London, United Kingdom.

1996-1999 : Special Assistant to the Executive Chairman of Trenergy (M) Berhad/Turnaround Managers Inc (M) Sdn Bhd.

1999 : Unit Head, Pengurusan Danaharta Nasional Berhad.

2000-2001 : Executive Director of SSR Associates Sdn Bhd.

Between 2001-2003 : Chief Executive Officer of Malaysian Resources Corporation Berhad & Executive Director of Sistem Televisyen Malaysia Berhad.

2003-2009 : Group Managing Director and Chief Executive Officer of Media Prima Berhad.

Since September 2009 : Director and Chief Executive Officer of Ekuiti Nasional Berhad. 
Directorship of public companies (if any)- Ekuiti Nasional Berhad
- Malaysian Resources Corporation Berhad
- Axiata Group Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)Datuk Shahril Ridza Ridzuan (Chairman)(Independent & Non-Executive Director)
Datuk Dr. Omar Salim (Non- Independent Non-Executive Director)
Dato' Yahaya Abd Jabar (Independent & Non-Executive Director)


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