KIMLUN - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | KIMLUN CORPORATION BERHAD |
| Stock Name | KIMLUN |
| Date Announced | 28 Mar 2013 |
| Category | General Announcement |
| Reference No | CK-130328-60197 |
| Type | Announcement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Description | KIMLUN CORPORATION BERHAD ACQUISITION OF 99-YEAR LEASE OVER TWO (2) PARCELS OF FREEHOLD LAND BY KIMLUN MEDINI SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KIMLUN CORPORATION BERHAD FROM MEDINI LAND SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM31,056,771. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1. INTRODUCTION The Board of Directors of Kimlun (“the Board”) wishes to announce that on 28 March 2013, Kimlun’s wholly owned sub-subsidiary, Kimlun Medini Sdn Bhd ("Purchaser"), has entered into a conditional Lease Purchase Agreement (“LPA”) to acquire a 99-year lease over the following 2 contiguous parcels of freehold land (collectively “Subject Property”) at their respective cash consideration from Medini Land Sdn Bhd (“Vendor”) (“Proposed Acquisition”):
2. INFORMATION ON THE PURCHASER The Purchaser was incorporated in Malaysia on 6 December 2012 under the Companies Act, 1965 as a private limited company. The present authorised share capital of the Purchaser is RM100,000 divided into 100,000 ordinary shares of RM1.00 each of which 2 shares were issued and fully paid-up. The Purchaser is presently dormant. 3. INFORMATION ON THE VENDOR The Vendor is a private limited company incorporated in Malaysia on 1 September 2009 under the Companies Act, 1965. The present authorised share capital of the Vendor is RM1,000,000 comprising 500,000 ordinary shares of RM1.00 each and 50,000,000 redeemable preference shares of RM0.01 each. Its issued and paid up capital is RM438,253.20 comprising RM100,000 ordinary shares of RM1.00 each and 33,825,320 redeemable preference shares of RM0.01 each. The Vendor is principally involved in investment holding, dealing in land lease and land. The Vendor is a wholly-owned subsidiary of Iskandar Investment Berhad. 4. INFORMATION ON THE SUBJECT PROPERTY AND THE PROPOSED DEVELOPMENT The 2 parcels of vacant and free of encumbrances land are adjacent to each other with aggregate land area of approximately 5.31 areas and having a GFA of 926,688 sf. The Subject Property is located in Medini North of Medini Iskandar (“Medini”) which is located within the Nusajaya flagship zone, one of the five flagship zones under the Iskandar Malaysia development region (“IM”). Medini comprised of 2,230 acres of mixed-use development land and will be strategically developed into 3 district concepts namely Lifestyle & Leisure (North & South), Iskandar Financial District and Medini Central. Medini is approximately 30 minutes away from Senai International Airport, 10 minutes from Port of Tanjung Pelepas, 15 minutes from the Jurong Port in Singapore and 45 minutes from Changi International Airport.
Medini North forms part of the Medini Lifestyle & Leisure cluster covering a land area of 570 acres. The planned developments in Medini North include theme parks, retail promenade, hotels, residential townships, a tertiary hospital and international schools. The Purchaser proposed to develop service apartments, offices and retails properties (“Proposed Development”) on the Subject Property. As the development potential has yet to be detailed or finalised at this preliminary stage, the total development revenue, cost and expected profits to be derived is not available at this juncture. The Proposed Development is expected to commence within 24 months from the date of LPA and expected to be completed within 6 years from commencement subject to all approvals from the relevant authorities being obtained. The source of funds to finance the development is likely to be from internally generated funds and/or bank borrowings. 5. DETAILS OF THE PROPOSED ACQUISITION 5.1 Salient Terms of the Proposed Acquisition (1) Condition Precedent (“CP”) The Proposed Acquisition is conditional upon the procurement of the approval from the Board of Directors of the Vendor and the Purchaser within 1 month from the date of the LPA. The LPA will become unconditional on the date on which the CP is satisfied. (“Unconditional Date”). (2) Payment of Purchase Consideration The Purchase Consideration will be paid by ten instalments over a period of 4 years from the date of the LPA. 5.2 Basis of Arriving at the Purchase Consideration The Total Purchase Consideration of the leases over the Subject Property was arrived at after taking into consideration various factors as follows:- (i) The development potential and prospect of the Subject Property as set out in Section 7 below; and (ii) The Group’s knowledge of recent transacted price of similar land within the vicinity as follows:
#: extracted from the announcement made by Mahsing Group Bhd to Bursa Securities on 18 October 2012 ^: extracted from the announcement made by WCT Bhd to Bursa Securities on 2 November 2012 ^^: information not available from the announcement. No valuation was carried out on the Subject Property. 5.3 Source of Funds The Purchase Consideration will be satisfied wholly in cash from internally generated funds and external borrowings, breakdown of which is not finalized at this juncture. 5.4 Liabilities to be Assumed There are no liabilities, including contingent liabilities and guarantees, to be assumed by KIMLUN Group arising from the Proposed Acquisition. 5.5 Estimated Time Frame for Completion Barring unforeseen circumstances, the Proposed Acquisition is expected to be completed by the first quarter of year 2017. 5.6 Net Book Value (“NBV”) KIMLUN Group is unable to disclose the NBV of the Land based on the latest audited financial statements of the Vendor as KIMLUN Group is not privy to such information. 6. RATIONALE FOR THE PROPOSED ACQUISITION The proposed acquisition is in line with KIMLUN Group’s strategy to move up-stream into property development to diversify its source of revenue. 7. FUTURE PROSPECTS OF THE LAND AND THE PROPOSED DEVELOPMENT The Subject Property is strategically located in Medini North of Medini which is located within the Nusajaya flagship zone, one of the five flagship zones under the IM. IM has made substantial progress over the years and with major projects being fast tracked and realized, investors are displaying increasing confidence in IM. As of December 2011, total cumulative committed investment in IM was approximately RM85 billion, The completion of key infrastructure and major iconic projects is expected to spur further domestic investments and open up employment opportunities that will benefit communities within IM and the surrounding areas. IM is currently in Phase 2 of its comprehensive development plan which spans from 2011 to 2015 with an investment target of RM73 billion. Nusajaya is a major new growth centre of IM where most of the catalyst projects will be developed. Going forward, it would be the hub for state and federal administration, logistics, creative arts and entertainment, medical facilities, educational institutions, tourism, biotechnology and hi-tech manufacturing Amongst the completed and soon to be completed high profile projects are the six-lane Coastal Highway which is expected to reduce the travel time from 30 minutes to less than 15 minutes for vehicles traversing from Johor Bahru’s central business district to Nusajaya; Kota Iskandar (Administration Centre) of Johor State Government; Legoland and lifestyle Retail Mall; Educity; Newcastle University; Marlborough College; an International School; Columbia Asia Hospital; world-class marinas at Puteri Harbour and Pinewood Iskandar Malaysia Studios. Other upcoming high profile projects include the second phase of Kota Iskandar and Gleaneagles Hospital in Medini. These high profile projects are expected to attract more tourists and property buyers to the region. Given the strategic location of the Subject Property and the prospect of IM, the management is confident that the Proposed Development will be well received. 8. RISK FACTORS The Proposed Acquisition and Proposed Development is subject to inherent risks in the property development and construction industries which include, inter alia, competition risks, unstable global and domestic economy, unfavourable interest rate movement, tightening of banking sector lending policies, shortage in raw materials and labour, and other risks arising from changes in political, economic and legal frame work within the property industry. Although KIMLUN Group will take necessary efforts to mitigate the various risks identified, no assurance can be given that any change in these factors will not materially affect the Group’s operations and financial performance. 9. EFFECTS OF THE PROPOSED ACQUISITION 9.1 Share Capital and Substantial Shareholders The Proposed Acquisition which will be satisfied entirely in cash will not have any effect on the share capital and substantial shareholders’ shareholding of the Company. 9.2 Earnings and Net Assets ("NA") The Proposed Acquisition and Proposed Development is not expected to have any material effect on KIMLUN Group's earnings and NA for the financial year ending 31 December 2012. However, the Proposed Development is expected to contribute positively to the future earnings and NA of KIMLUN Group.
9.3 Gearing The Purchase Consideration is to be satisfied by internally generated funds and bank borrowings. The exact mix of internally generated funds and bank borrowings has not been finalized at this juncture. However, for the purpose of this announcement and for illustrative purposes, based on the audited total equity of KIMLUN Group as at 31 December 2011 and the assumption that RM21.74 million, representing approximately 70% of the Total Purchase Consideration are financed through external borrowings to be procured by KIMLUN Group for the Proposed Acquisition, the gearing ratio of KIMLUN Group is expected to increase by 0.10 times. 10. PERCENTAGE RATIOS The highest percentage ratio applicable to the Proposed Acquisition is 14.37% pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. 11. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM None of the directors, major shareholders of KIMLUN and/or persons connected to them has any interest, direct or indirect, in the Proposed Acquisition. 12. DIRECTORS’ STATEMENT The Board, after having considered all aspects of the Proposed Acquisition, is of the opinion that the Proposed Acquisition is in the best interest of the KIMLUN Group. 13. APPROVALS REQUIRED The Proposed Acquisition is not subject to the approval of the shareholders of the Company. 14. DOCUMENT FOR INSPECTION The LPA is available for inspection by members of the Company at the registered office of the Company at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur during business hours from Mondays to Fridays (except Public Holidays) for a period of 3 months from the date of this announcement. This announcement is dated 28 March 2013. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AFFIN - OTHERS AFFIN HOLDINGS BERHAD ("AFFIN" OR "THE COMPANY") (I) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS' MANDATE"); AND (II) PROPOSED ADOPTION OF NEW ARTICLES OF ASSOCIATION OF THE COMPANY ("PROPOSED ADOPTION")
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 28 Mar 2013 |
| Category | General Announcement |
| Reference No | AH-130327-67490 |
| Type | Announcement |
| Subject | OTHERS |
| Description | AFFIN HOLDINGS BERHAD ("AFFIN" OR "THE COMPANY") (I) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS' MANDATE"); AND (II) PROPOSED ADOPTION OF NEW ARTICLES OF ASSOCIATION OF THE COMPANY ("PROPOSED ADOPTION") |
The Board of Directors of AFFIN wishes to announce that the Company proposes to seek shareholders' approval for the: (i) proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue or trading nature which are necessary for the day-to-day operations of AFFIN and/or its subsidiaries in line with Paragraph 10.09 Chapter 10 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad; and (ii) proposed adoption of new articles of association of the Company; at its forthcoming Annual General Meeting to be held on 22 April 2013. A Circular to Shareholders setting out further details of the Proposed Shareholders' Mandate and Proposed Adoption will be despatched to the shareholders in due course. This announcement is dated 28 March 2013. | |
GAMUDA - Quarterly rpt on consolidated results for the financial period ended 31/1/2013
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 28 Mar 2013 |
| Category | Financial Results |
| Reference No | GG-130328-39007 |
| Financial Year End | 31/07/2013 |
| Quarter | 2 |
| Quarterly report for the financial period ended | 31/01/2013 |
| The figures | have not been audited |
| Remarks : |
| c.c. Securities Commission |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION31/01/2013 |
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 | 875,225 | 769,328 | 1,646,564 | 1,411,322 |
| 2 | Profit/(loss) before tax | 202,362 | 188,283 | 384,514 | 355,444 |
| 3 | Profit/(loss) for the period | 161,435 | 147,302 | 309,134 | 281,382 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 156,890 | 136,473 | 302,328 | 268,792 |
| 5 | Basic earnings/(loss) per share (Subunit) | 7.52 | 6.60 | 14.51 | 13.01 |
| 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 6.00 | 6.00 |
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 ($$) | 2.0300 | 1.9500 | ||
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 |
MAXIS - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board ("EPF Board")
| Company Name | MAXIS BERHAD |
| Stock Name | MAXIS |
| Date Announced | 28 Mar 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | MM-130328-E9E0D |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board ("EPF 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 RM0.10 each in Maxis Berhad ("Maxis Shares") |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd EPF Board Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur - in respect of the disposal of 1,756,900 Maxis Shares |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 25/03/2013 | 1,756,900 |
| Remarks : |
| This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 26 March 2013 and received by the Company on 28 March 2013. The registered holders of the 468,963,700 Maxis Shares are as follows:- Directly held 1. Citigroup Nominees (Tempatan) Sdn Bhd EPF Board - in respect of 430,447,100 Maxis Shares Held through nominee 2. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AMUNDI) - in respect of 2,134,800 Maxis Shares 3. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (RHB INV) - in respect of 1,000,000 Maxis Shares 4. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - in respect of 4,337,600 Maxis Shares 5. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - in respect of 500,000 Maxis Shares 6. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ALLIANCE) - in respect of 3,156,000 Maxis Shares 7. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) - in respect of 18,120,900 Maxis Shares 8. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - in respect of 5,987,200 Maxis Shares 9. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - in respect of 1,450,000 Maxis Shares 10. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (TEMPLETON) - in respect of 1,830,100 Maxis Shares |
AEON - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | AEON CO. (M) BHD |
| Stock Name | AEON |
| Date Announced | 28 Mar 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-130328-BBB1E |
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 | Citigroup Nominees (Tempatan) Sdn Bhd - 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 | 25/03/2013 | 35,100 |
| Remarks : |
| The total number of 34,124,600 Ordinary Shares of RM1.00 each are held as follows: 1) 22,776,100 Ordinary Shares of RM1.00 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board 2) 500,000 Ordinary Shares of RM1.00 each are registered in the name of Employees Provident Fund Board 3) 4,286,800 Ordinary Shares of RM1.00 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA) 4) 2,096,800 Ordinary Shares of RM1.00 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (CIMB PRI) 5) 64,900 Ordinary Shares of RM1.00 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON) 6) 4,400,000 Ordinary Shares of RM1.00 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN) The Form 29B was received by the Company on 28 March 2013. |
VS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | V.S. INDUSTRY BERHAD |
| Stock Name | VS |
| Date Announced | 28 Mar 2013 |
| Category | General Announcement |
| Reference No | MI-130328-65192 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | V.S. INDUSTRY BERHAD (“VS” OR “COMPANY”) PROPOSED VOLUNTARY PARTIAL CASH OFFER BY KIM ENG SECURITIES (HONG KONG) LIMITED (“KIM ENG”), ON BEHALF OF VS: (I) TO ACQUIRE UP TO 224,890,025 ORDINARY SHARES OF HONG KONG DOLLAR 0.05 EACH IN THE SHARE CAPITAL OF V.S. INTERNATIONAL GROUP LIMITED (“VSIG”) FROM THE QUALIFYING SHAREHOLDERS (“PARTIAL OFFER”); (II) TO ACQUIRE UP TO 250,731 OUTSTANDING SHARE OPTIONS GRANTED BY VSIG FROM THE QUALIFYING OPTION HOLDERS (“OPTION OFFER”); AND (III) TO ACQUIRE UP TO 17,738,083 BONUS WARRANTS GRANTED BY VSIG FROM THE QUALIFYING WARRANTHOLDERS (“WARRANT OFFER”), (COLLECTIVELY KNOWN AS THE “PROPOSALS”) |
On behalf of the Board of Directors of VS, Maybank Investment Bank Berhad wishes to announce that Kim Eng, on behalf of the Company, intends to undertake the Proposals. Please refer to the attached file for further details on the Proposals. This announcement is dated 28 March 2013. | |
LATITUD - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | LATITUDE TREE HOLDINGS BERHAD |
| Stock Name | LATITUD |
| Date Announced | 28 Mar 2013 |
| Category | General Announcement |
| Reference No | MB-130328-51472 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | LATITUDE TREE HOLDINGS BERHAD (“LTHB” OR “COMPANY”) PROPOSED ACQUISITION OF ALL THE SUBSIDIARIES OF LATITUDE TREE INTERNATIONAL GROUP LTD (“LTIGL”) FOR A REVISED AGGREGATE CONSIDERATION OF SGD48,750,000.00 (RM121,509,375.00) (“PROPOSED ACQUISITIONS”) |
(Unless otherwise stated, the exchange rate of Singapore Dollar (“SGD”) 1.00: RM2.4925, being the middle rate published by Bank Negara Malaysia (“BNM”) on 26 March 2013, has been used throughout this announcement.) This announcement is dated 28 March 2013. Reference is made to the announcements dated 5 February 2013, 28 February 2013 and 15 March 2013 in relation to the offer made by LTHB (“Offer”) vide its offer letter dated 5 February 2013 to LTIGL in relation to the Proposed Acquisitions (“Offer Letter”) (“Announcement(s)”). Unless otherwise stated, the capitalised expressions used throughout this announcement shall have the same meaning as defined in the Announcements. On behalf of the board of directors of LTHB, AmInvestment Bank Berhad wishes to announce that following negotiations between LTHB and LTIGL, AmInvestment Bank had, on behalf of LTHB, served a supplemental letter of offer (“Revised Offer Letter”) to the board of directors of LTIGL on 28 March 2013 to increase the aggregate consideration for the Proposed Acquisitions to SGD48,750,000 (“Revised Purchase Consideration”). The non-interested Directors of LTIGL have agreed on even date to accept the revised offer made by LTHB (“Revised Offer”). Save for the Revised Purchase Consideration, all other terms and conditions of the Offer Letter remain unchanged under the Revised Offer. The Proposed Acquisitions are, subject to, amongst others, the share sale agreement comprising the terms and conditions to be agreed upon by LTHB and LTIGL (“SSA”), the approval of the shareholders of LTIGL and LTHB and the relevant regulatory authorities, where required. The Revised Purchase Consideration shall be satisfied in the following manner:- (i) by way of set-off against the capital due to be returned to LTHB amounting to the sum of SGD46,444,200.00 following the cancellation of 186,000,000 ordinary shares in LTIGL held by LTHB pursuant to a selective capital reduction exercise proposed to be carried out by LTIGL (“Proposed SCR”) within four (4) weeks (or such other timeframe as LTHB determines in consultation with LTIGL) after the satisfaction of all the conditions precedent (“Completion Date”) as stipulated in the Offer Letter; and (ii) the balance of the Revised Purchase Consideration of SGD2,305,800.00 to be paid in cash (“Cash Portion”) on Completion Date. The Revised Purchase Consideration of SGD48,750,000.00 (equivalent to approximately RM121,509,375.00) per LTIGL Share represents a:- (i) price-earnings multiple of approximately 4.19 times based on the unaudited trailing twelve (12) months results of the Target Companies up to 31 December 2012 of SGD11.64 million; and (ii) price-to-book multiple of approximately 0.98 times based on the unaudited net assets attributable to the equity holders of the Target Companies of SGD49.77 million as at 31 December 2012. Based on the Revised Purchase Consideration and the audited consolidated financial statements of the Target Companies for the financial year ended 30 June 2012, the Proposed Acquisitions are expected to result in LTHB recording a net gain of approximately RM8.68 million as a result of the recognition of negative goodwill arising from the Proposed Acquisitions. However, the final amount of the net gain can only be determined upon the completion of the Proposed Acquisitions. The Proposed Acquisitions are expected to be completed by the first (1st) half of calendar year 2013. The Proposed Acquisitions are expected to contribute positively towards the earnings and EPS of LTHB Group for the FYE 30 June 2013 as it would allow LTHB to fully consolidate the financial results of the Target Companies. After having considered all aspects of the Proposed Acquisitions (including the abovementioned revised terms and conditions of the Revised Offer), the Board of LTHB (save for the Interested Major Shareholders/Directors) is of the opinion that the Proposed Acquisitions are fair, reasonable and on normal commercial terms and are not detrimental to the interest of the minority shareholders. The Board (save for the Interested Major Shareholders/Directors) is also of the opinion that the Proposed Acquisitions are in the best interest of the LTHB Group. The Company wishes to announce that the submission of the draft circular to the shareholders of LTHB and the independent advice letter to the non-interested shareholders of LTHB to Bursa Securities shall be made within two (2) months from the date of execution of the SSA pursuant to the Proposed Acquisitions. | |
YUNKONG - MULTIPLE PROPOSALS
| Company Name | YUNG KONG GALVANISING INDUSTRIES BHD |
| Stock Name | YUNKONG |
| Date Announced | 28 Mar 2013 |
| Category | General Announcement |
| Reference No | MB-130328-64830 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | YUNG KONG GALVANISING INDUSTRIES BERHAD (“YKGI” OR “COMPANY”) PROPOSED ACQUISITION BY YKGI OF THE REMAINING 45.51% EQUITY INTEREST IN STARSHINE HOLDINGS SDN BHD (“SSH”) NOT ALREADY OWNED BY YKGI, FOR A PURCHASE CONSIDERATION OF RM16,611,579 TO BE SATISFIED VIA THE ISSUANCE OF 33,223,158 NEW ORDINARY SHARES OF RM0.50 EACH IN YKGI (“YKGI SHARES” OR “SHARES”) AT AN ISSUE PRICE OF RM0.50 PER YKGI SHARE (“ISSUE PRICE”) (“PROPOSED ACQUISITION”); PROPOSED PRIVATE PLACEMENT OF UP TO 39,106,980 NEW SHARES IN YKGI, REPRESENTING UP TO TWENTY PERCENT (20%) OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF YKGI (“PROPOSED PRIVATE PLACEMENT”); PROPOSED RESTRICTED ISSUE OF 48,799,998 NEW SHARES IN YKGI TO MARUBENI-ITOCHU STEEL INC. (“PROPOSED RESTRICTED ISSUE”); PROPOSED BONUS ISSUE OF UP TO 38,184,333 NEW SHARES IN YKGI TO THE ORDINARY SHAREHOLDERS OF YKGI (“BONUS SHARE(S)”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TEN (10) EXISTING YKGI SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE OF SHARES”); AND PROPOSED BONUS ISSUE OF UP TO 114,553,000 NEW WARRANTS IN YKGI (“WARRANT(S)”) TO THE ORDINARY SHAREHOLDERS OF YKGI ON THE BASIS OF THREE (3) FREE WARRANTS FOR EVERY TEN (10) EXISTING YKGI SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE OF WARRANTS”) (COLLECTIVELY REFERRED TO AS “PROPOSALS”) |
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcement dated 18 July 2012, 20 December 2012 and 11 March 2013)
We refer to the announcements made on behalf of the Board of Directors of YKGI (“Board”) dated 18 July 2012, 12 September 2012, 3 October 2012, 20 December 2012, 9 January 2013, 18 January 2013, 30 January 2013, 11 March 2013, 12 March 2013, 20 March 2013 and 22 March 2013. On behalf of the Board, AmInvestment Bank Berhad wishes to announce that Ministry of International Trade and Industry (“MITI”) had, vide its letter dated 28 March 2013, approved the Proposals. | |
ANALABS - Quarterly rpt on consolidated results for the financial period ended 31/1/2013
| Company Name | ANALABS RESOURCES BERHAD |
| Stock Name | ANALABS |
| Date Announced | 28 Mar 2013 |
| Category | Financial Results |
| Reference No | CP-130327-55558 |
| Financial Year End | 30/04/2013 |
| Quarter | 3 |
| Quarterly report for the financial period ended | 31/01/2013 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION31/01/2013 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 37,869 | 27,442 | 111,982 | 91,216 |
| 2 | Profit/(loss) before tax | 4,336 | 4,842 | 10,596 | 15,398 |
| 3 | Profit/(loss) for the period | 3,371 | 3,571 | 7,941 | 11,445 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 3,371 | 3,571 | 7,941 | 11,445 |
| 5 | Basic earnings/(loss) per share (Subunit) | 5.79 | 6.05 | 13.54 | 19.40 |
| 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 5.50 | 5.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 2.8100 | 2.7000 | ||
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 |
CENTURY - GENERAL MEETINGS: NOTICE OF MEETING
| Company Name | CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CENTURY |
| Date Announced | 28 Mar 2013 |
| Category | General Meetings |
| Reference No | CS-130328-91210 |
| Type of Meeting | AGM |
| Indicator | Notice of Meeting |
| Description | CENTURY LOGISTICS HOLDINGS BERHAD ("THE COMPANY") - NOTICE OF SIXTEENTH ANNUAL GENERAL MEETING |
| Date of Meeting | 24/04/2013 |
| Time | 10:00 AM |
| Venue | Function Room 8, Mezzanine Floor, Setia City Convention Centre, No. 1, Jalan Setia Dagang AG U13/AG, Setia Alam Seksyen U13, 40170 Shah Alam, Selangor Darul Ehsan |
| Date of General Meeting Record of Depositors | 18/04/2013 |
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