SCOPE - MULTIPLE PROPOSALS
| Company Name | SCOPE INDUSTRIES BERHAD (ACE Market) |
| Stock Name | SCOPE |
| Date Announced | 7 Feb 2013 |
| Category | General Announcement |
| Reference No | MB-130207-51040 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | SCOPE INDUSTRIES BERHAD (“SCOPE” OR “COMPANY”) (A) PROPOSED MERGER OF THE BUSINESSES OF SCOPE AND MATANG HOLDINGS BERHAD (“MATANG”) THROUGH THE TRANSFER OF THE ENTIRE BUSINESS AND UNDERTAKINGS, INCLUDING ALL ASSETS AND LIABILITIES, OF MATANG TO SCOPE FOR A TOTAL CONSIDERATION OF RM145,000,000 (“PROPOSED MERGER”); (B) PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN BENUA MUTIARA SDN BHD (“BENUA”) FOR A PURCHASE CONSIDERATION OF RM31,720,000; (C) PROPOSED EXEMPTION UNDER PARAGRAPH 16, PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 TO MATANG AND PARTIES ACTING IN CONCERT WITH MATANG FROM THE OBLIGATION TO EXTEND A TAKE-OVER OFFER FOR ALL THE REMAINING ORDINARY SHARES OF RM0.10 EACH IN SCOPE (“SCOPE SHARES” OR “SHARES”) NOT ALREADY HELD BY THEM PURSUANT TO THE PROPOSED MERGER; (D) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL FROM RM100,000,000 COMPRISING 1,000,000,000 SCOPE SHARES TO RM200,000,000 COMPRISING 2,000,000,000 SCOPE SHARES; AND (E) PROPOSED CHANGE OF NAME OF THE COMPANY TO MATANG SCOPE BERHAD WHICH INCLUDE THE PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY TO REFLECT THE CHANGE OF NAME (“PROPOSED CHANGE OF NAME”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
This announcement is dated 7 February 2013. We refer to the announcements dated 19 November 2012 (“Initial Announcement”), 22 November 2012, 23 January 2013 and 29 January 2013 in relation to the Proposals. Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Initial Announcement. On behalf of the Board of Directors of Scope (“Board”), AmInvestment Bank Berhad wishes to announce that Scope has procured written irrevocable and unconditional undertakings from certain shareholders, including all the Directors who hold Scope Shares, to vote in favour of the resolutions in relation to the Proposals. The undertakings from the Board together with the shareholders amounted to 194,119,190 Scope Shares representing 50.5% of the issued and paid-up share capital of Scope as at 6 February 2013. | |
BCTTECH - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN
| Company Name | BCT TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | BCTTECH |
| Date Announced | 7 Feb 2013 |
| Category | General Announcement |
| Reference No | OS-130207-66051 |
| Regularisation Sponsor | M&A Securities Sdn Bhd |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN |
| Description | BCT TECHNOLOGY BERHAD (“BCT” OR “COMPANY”) (A) PROPOSED BALANCE SHEET RECONSTRUCTION (B) PROPOSED ISSUANCE OF SHARES (C) PROPOSED RIGHTS ISSUE WITH WARRANTS (D) PROPOSED CAPITALISATION OF DEBT (E) PROPOSED EXEMPTION (F) PROPOSED IASC (G) PROPOSED AMENDMENTS (COLLECTIVELY, THE “PROPOSED REGULARISATION SCHEME”) |
(For consistency, the abbreviations used throughout this announcement, unless redefined, shall have the same meaning as previously defined in the announcement dated 30 March 2012)
We refer to our earlier announcements in relation to the Proposed Regularisation Scheme.
On behalf of the Board of Directors of BCT (“Board”), M&A Securities Sdn Bhd wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 7 February 2013 decided to reject the Proposed Regularisation Scheme as the Proposed Regularisation Scheme does not comply with Rule 3.1(a) of GN3 of the ACE Market Listing Requirements which specifies that the regularisation plan must be sufficiently comprehensive and capable of resolving all problems, financial or otherwise that had caused the Company to trigger the Prescribed Criteria (as defined in the ACE Market Listing Requirements). In deciding to reject BCT’s regularisation plan, Bursa Securities has considered, amongst others, the following:-
(i) The BCT Group has been registering losses for the past four (4) financial years up to FYE 2011 and is relying on its existing businesses, in particular its micro-controller unit (“MCU”) Chip business segment as part of its regularisation plan to turnaround the Company’s financial condition.
It is noted that the BCT Group has only recently commenced its MCU Chip operations in China in April 2012 and the BCT Group continues to register losses in its latest two (2) financial quarters ended 30 June 2012 and 30 September 2012. It is further noted that the MCU Chip market in China is matured and highly competitive with a significant number of players and the BCT Group has a minimal market share of the MCU Chip market in China.
In this regard, the Company and its principal adviser have not demonstrated to the satisfaction of Bursa Securities on the ability of the core business of the BCT Group, in particular that of the MCU Chip business segment, to generate and sustain revenue and profit growth to sustain the BCT Group in the future; and
(ii) The Company’s accumulated losses stood at approximately RM31.26 million as at 31 December 2011 and this amount would be reduced to approximately RM3.69 million based on BCT’s Proposed Regularisation Scheme. It is noted that the accumulated losses would increase further based on the Company’s management accounts for the nine (9)-month period ended 30 September 2012. Given the concerns stated in (i) above, there are concerns on the ability of the BCT Group to fully eliminate the accumulated losses under the Proposed Regularisation Scheme in the near future.
The securities of the Company shall be removed from the Official List of Bursa Securities on such date as may be specified by Bursa Securities, subject to the Company’s right to appeal against the rejection of the regularisation plan pursuant to Rule 8.04(4) of the ACE Market Listing Requirements.
The Board will deliberate on the next course of action to be taken and an announcement will be made in due course. Pursuant to Rule 8.04(4) of the ACE Market Listing requirements, BCT may appeal against the decision of Bursa Securities within one (1) month from 7 February 2013.
This announcement is dated 7 February 2013.
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FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | FTSE BURSA MALAYSIA KLCI ETF |
| Stock Name | FBMKLCI-EA |
| Date Announced | 7 Feb 2013 |
| Category | General Announcement |
| Reference No | FB-130207-B701C |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | FTSE Bursa Malaysia KLCI etf - Valuation Point as at 07 February 2013 |
Fund: FTSE Bursa Malaysia KLCI etf | |
DSONIC - OTHERS Datasonic Group Berhad ("the Company") - Extension of time to comply with the conditions imposed by the Securities Commission in relation to Lot 567 and Lot 568, Seksyen 5, Bandar Petaling Jaya
| Company Name | DATASONIC GROUP BERHAD |
| Stock Name | DSONIC |
| Date Announced | 7 Feb 2013 |
| Category | General Announcement |
| Reference No | CC-130207-62955 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Datasonic Group Berhad ("the Company") - Extension of time to comply with the conditions imposed by the Securities Commission in relation to Lot 567 and Lot 568, Seksyen 5, Bandar Petaling Jaya |
Reference is made to the announcements dated 13 September 2012, 3 October 2012 and 25 January 2013 in respect of the extension of time to comply with the conditions imposed by the Securities Commission in relation to Lot 567 and Lot 568, Seksyen 5, Bandar Petaling Jaya District and the announcement dated 5 October 2012 in respect of the proposed disposal of the said properties by Datasonic Corporation Sdn Bhd ("DCSB"), a wholly-owned subsidiary of the Company. Definitions used in the said announcements will apply here. The Board of Directors of the Company wishes to announce that DGB has completed the two (2) Sale and Purchase Agreements with Joon Xing Properties Sdn Bhd on 6 February 2013 ("Disposal"). Upon completion of the Disposal, Jalan Gasing Administrative Office is no longer in the possession of the Company, and as such the conditions imposed by the Securities Commission ("SC") on the said properties is no longer applicable to the Company. The Company will submit a waiver application to SC to waive the conditions imposed in relation to the Jalan Gasing Administrative Office in due course. This announcement is dated 7 February 2013. | |
PETDAG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | PETRONAS DAGANGAN BHD |
| Stock Name | PETDAG |
| Date Announced | 7 Feb 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PD-130207-AFC4F |
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 Share of RM1.00 each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd (for Employees Provident Fund Board) Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 04/02/2013 | 36,400 |
| Remarks : |
| The total number of 76,370,000 ordinary shares comprise the following: (a) 67,632,300 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board]. (b) 1,500,000 shares registered in the name of Employees Provident Fund Board. (c) 2,770,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (NOMURA)]. (d) 2,499,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (CIMB PRIN)]. (e) 531,800 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (HDBS)]. (f) 262,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (ARIM)]. (g) 435,900 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (AM INV)]. (h) 529,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (AMUNDI)]. (i) 160,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (KIB)]. (j) 50,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (Mayban)]. Received form 29B on 7 February 2013. |
PETONE - OTHERS PETROL ONE RESOURCES BERHAD (“PETONE” OR “THE COMPANY”) - NOTICE OF APPLICATION FOR AN ORDER FOR SALE ON A SHIP OR VESSEL KNOWN AS “TAURUS” (“NOTICE OF APPLICATION”), GRANTED BY THE ORDER OF KUALA LUMPUR HIGH COURT (“HIGH COURT”) FILED BY RHB INVESTMENT BANK BERHAD (“RHB”)
| Company Name | PETROL ONE RESOURCES BERHAD |
| Stock Name | PETONE |
| Date Announced | 7 Feb 2013 |
| Category | General Announcement |
| Reference No | CS-130207-C658E |
| Type | Announcement |
| Subject | OTHERS |
| Description | PETROL ONE RESOURCES BERHAD (“PETONE” OR “THE COMPANY”) - NOTICE OF APPLICATION FOR AN ORDER FOR SALE ON A SHIP OR VESSEL KNOWN AS “TAURUS” (“NOTICE OF APPLICATION”), GRANTED BY THE ORDER OF KUALA LUMPUR HIGH COURT (“HIGH COURT”) FILED BY RHB INVESTMENT BANK BERHAD (“RHB”) |
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the announcement dated 30 November 2012 and 31 January 2013 in relation to the Notice of Application. Further to the announcements dated 30 November 2012 and 31 January 2013, the Board of PETONE wishes to provide additional information regarding the Judicial Sale. The proceeds from the Judicial Sale of USD12.111 million, which is equivalent to RM37.278 million based on the exchange rate of USD1.00:RM3.08, as extracted from the Bank Negara Malaysia’s website, as at 30 January 2013, being the date of the Judicial Sale, would not have any financial impact, to the Company and its subsidiaries as PETONE has no claim against the proceeds of the Judicial Sale. This announcement is dated 7 February 2013. | |
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