March 1, 2013

Company announcements: MAHSING, SPSETIA, TSH, GADANG, FSBM, ITRONIC, KKB

MAHSING - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced1 Mar 2013  
CategoryGeneral Announcement
Reference NoML-130301-62335

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMAH SING GROUP BERHAD (“MAH SING” OR “COMPANY”)

PROPOSED ACQUISITIONS BY TRISTAR ACRES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING, OF THE FOLLOWING:

(I) 8 PARCELS OF ADJACENT FREEHOLD LAND SITUATED WITHIN THE AREAS OF MUKIM KAJANG, DAERAH ULU LANGAT AND MUKIM DENGKIL, DAERAH SEPANG IN NEGERI SELANGOR WITH TOTAL NET AREA MEASURING APPROXIMATELY 407.997 ACRES FROM BOON SIEW DEVELOPMENT SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM330,565,697.35 OR RM18.60 PER SQUARE FOOT (“PROPOSED ACQUISITION OF LANDS”); AND

(II) A PIECE OF LEASEHOLD LAND SITUATED IN MUKIM DENGKIL, DAERAH SEPANG, NEGERI SELANGOR MEASURING APPROXIMATELY 4.122 ACRES FROM WONG HONG FOI @ HO HEA SIA FOR A CASH CONSIDERATION OF RM2,477,679.95 OR RM13.80 PER SQUARE FOOT (“PROPOSED ACQUISITION OF SMALL PARCEL LAND”).

(COLLECTIVELY REFERRED TO AS THE “PROPOSED ACQUISITIONS”)
Reference is made to the announcements dated 3 September 2012, 19 September 2012, 1 October 2012 and 14 December 2012 in relation to the Proposed Acquisitions.
On behalf of the Board of Directors of Mah Sing, Hong Leong Investment Bank Berhad is pleased to announce that the Proposed Acquisition of Lands has been completed.


This announcement is dated 1 March 2013.


SPSETIA - 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 NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced1 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-130301-29AED

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 - RM0.75
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (MAYBAN)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (PHEIM)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (CIMB PRI)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed26/02/2013
2,000,000
 
Disposed26/02/2013
1,460,600
 

Circumstances by reason of which change has occurredDisposal of equity in open market
Nature of interestDirect
Direct (units)133,074,730 
Direct (%)5.41 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change133,074,730
Date of notice27/02/2013

Remarks :
Form 29B received on 1/03/2013


SPSETIA - Notice of Person Ceasing (29C) - Tan Sri Dato' Sri Liew Kee Sin

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced1 Mar 2013  
CategoryNotice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference NoC&-130301-61241

Particulars of substantial Securities Holder

NameTan Sri Dato' Sri Liew Kee Sin
Address10-2, Faber Ria, Taman Desa, Off Jalan Klang Lama, 58100 Kuala Lumpur
NRIC/Passport No/Company No.581030-01-5181
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares - RM0.75
Date of cessation22/02/2013
Name & address of registered holderTan Sri Dato' Sri Liew Kee Sin, CIMB Group Nominees (Tempatan) Sdn Bhd, Citigroup Nominees (Tempatan) Sdn Bhd, EB Nominees (Tempatan) Sendirian Berhad, Mayban Nominees (Tempatan) Sdn Bhd
CurrencyMalaysian Ringgit (MYR)
Number of securities disposed 
Price Transacted ($$) 
Circumstances by reason of which a person ceases to be a substantial securities HolderIncrease in the paid-up capital of the Company, resulting in shareholding falling below 5%
Nature of interestDirect
Date of notice22/02/2013

Remarks :
Form 29C received on 1 March 2013


TSH - Changes in Director's Interest (S135) - Datuk (Dr.) Kelvin Tan Aik Pen

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTSH RESOURCES BERHAD  
Stock Name TSH  
Date Announced1 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoTR-130228-63956

Information Compiled By KLSE

Particulars of Director

NameDatuk (Dr.) Kelvin Tan Aik Pen
AddressMenara TSH
No. 8 Jalan Semantan
Damansara Heights
50490 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
28/02/2013
200,100
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)102,362,826 
Direct (%)12.27 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice01/03/2013


TSH - Changes in Sub. S-hldr's Int. (29B) - Datuk (Dr.) Kelvin Tan Aik Pen

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTSH RESOURCES BERHAD  
Stock Name TSH  
Date Announced1 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTR-130228-63347

Particulars of substantial Securities Holder

NameDatuk (Dr.) Kelvin Tan Aik Pen
AddressMenara TSH
No. 8 Jalan Semantan
Damansara Heights
50490 Kuala Lumpur
NRIC/Passport No/Company No.570907-10-6095
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderAlliancegroup Nominees (Tempatan) Sdn Bhd
- Pledged securities account for Tan Aik Pen
6th Floor, Menara Multi-Purpose Capital Square
8 Jalan Munshi Abdullah
50100 Kuala Lumpur

Amsec Nominees (Tempatan) Sdn Bhd
- Pledged securities account - Ambank (M) Berhad for Tan Aik Pen
15th Floor, Bangunan Ambank Group
55 Jalan Raja Chulan
50200 Kuala Lumpur

ECML Nominees (Tempatan) Sdn Bhd
- Pledged securities account for Tan Aik Pen
Ground Floor, Bangunan ECM Libra
8 Jalan Damansara Endah
Damansara Heights
50490 Kuala Lumpur

HSBC Nominees (Tempatan) Sdn Bhd
- Pledged securities account for Tan Aik Pen
2 Jalan Lebuh Ampang
50100 Kuala Lumpur

RHB Capital Nominees (Tempatan) Sdn. Bhd.
- Pledged securities account for Tan Aik Pen
Level 3A, Tower One RHB Centre
Jalan Tun Razak
50400 Kuala Lumpur

Tan Aik Pen
Menara TSH, No. 8 Jalan Semantan
Damansara Heights
50490 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired28/02/2013
200,100
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units)102,362,826 
Direct (%)12.27 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change102,362,826
Date of notice01/03/2013


TSH - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameTSH RESOURCES BERHAD  
Stock Name TSH  
Date Announced1 Mar 2013  
CategoryGeneral Announcement
Reference NoTR-130228-63716

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has transacted dealing in the securities of the Company as set out in Table 1 hereunder.

Date of AcquisitionName of DirectorAverage Purchase Price Per Share (RM)Number of Shares% of Issued Shares
28.02.2013Datuk (Dr.) Kelvin Tan Aik Pen2.18144200,1000.02398


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

Announcement Type: General Announcement
Company NameGADANG HOLDINGS BHD  
Stock Name GADANG  
Date Announced1 Mar 2013  
CategoryGeneral Announcement
Reference NoGH-130125-65615

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionPURCHASE OF COMMERCIAL PROPERTY BY A RELATED PARTY, DATAPURI SDN BHD

1.0 INTRODUCTION

Gadang Holdings Berhad ("Gadang" or "the Company") wishes to announce that Datapuri Sdn Bhd ("DPSB") ("Purchaser"), a related party, has on 1 March 2013 entered into a Sale and Purchase Agreement ("SPA") with Mandy Corporation Sdn Bhd ("MCSB"), a wholly-owned subsidiary of Gadang, to purchase one (1) unit of 3-storey retail shop office of MCSB's development known as "M Avenue" in Segambut, Mukim of Batu, Daerah Kuala Lumpur ("Property") ("Related Party Transaction").

2.0 DETAILS OF THE RELATED PARTY TRANSACTION

2.1 Information on the Property

The postal address of the Property is F-0-7, F-1-7, F-2-7, M Avenue, No. 1 Jalan 1/38A, Segambut Bahagia, 51200 Kuala Lumpur. The Property was erected over that parcel of leasehold land held under Pajakan Negeri 33291 Lot No. 58735 (formerly known as H.S.(D) 106032 P.T. No. 19284) Mukim Batu, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan K.L. and measuring in area of approximately 22780.2 square metres. The expiry date of the lease is 23 August 2102.

There was no valuation carried out on the Property and the total built-up area of the Property which is available for letting and occupancy is 2,735 square feet. The net book value of the Property, based on the latest financial statements is RM758,603. The age of the Property is three (3) years. The percentage of occupancy for M Avenue is 80%.

2.2 Salient features of the SPA

2.2.1 The proposed purchase is free from encumbrances other than those imposed by the provisions of the SPA and by conditions express or implied in the document of title to the property when issued.

2.2.2 The selling price of the Property is RM1,250,000.00.

2.2.3 The payment terms of the SPA are as follows:-

(i) 10% of the purchase consideration upon the signing of the SPA; and

(ii) The balance of the purchase consideration will be paid within ninety (90) days from the date of the SPA.

2.3 Liabilities to be assumed

There are no liabilities to be assumed by the Purchaser arising from the Related Party Transaction.

3.0 RATIONALE

MCSB is principally involved in property development and the sale of this commercial property is in the ordinary course of business of the Group.

4.0 FINANCIAL EFFECTS OF THE TRANSACTION

The Related Party Transaction will not have material effect on the net assets, earnings per share and gearing of the Gadang Group for the financial year ending 31 May 2013.

5.0 DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST

DPSB is a 51% owned subsidiary of Gadang and 49% owned by Exclusive Acres Sdn Bhd ("EASB"). Mr Liew Swee Kong who is a director and shareholder of EASB, is the nephew of Tan Sri Dato' Kok Onn, the Managing Director cum Chief Executive Officer and substantial shareholder of Gadang and the cousin of Ms Kok Pei Ling, the Executive Director of the Company.

Save as disclosed above, none of the other directors or substantial shareholders of Gadang or persons connected to them, has interest, direct or indirect, in the Related Party Transaction.

There was no transaction with the same related party for the preceding 12 months.

6.0 AUDIT COMMITTEE'S STATEMENT

Having considered that the sale of the Property is in the ordinary course of business of Gadang Group, the Audit Committee is of the view that the Transaction is in the best interest of the Company, fair, reasonable and on normal commercial terms and not detrimental to the interest of the minority shareholders.

7.0 DIRECTORS' STATEMENT

The Board having considered all aspects of the sale, is of the opinion that the Related Party Transaction is in the normal course of business of Gadang Group.

8.0 APPROVAL REQUIRED AND HIGHEST PERCENTAGE RATIO APPLICABLE

The Related Party Transaction is not subject to the approval of the shareholders of the Company and other authorities.

The highest percentage ratio applicable to the Related Party Transaction pursuant to Paragraph 10.02(g) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.50.

9.0 DOCUMENT FOR INSPECTION

The SPA is available for inspection at the Registered Office of the Company at Wisma Gadang, No. 52 Jalan Tago 2, Off Jalan Persiaran Utama, Sri Damansara, 52200 Kuala Lumpur during the normal office hours from Mondays to Fridays (except for public holidays) for a period of fourteen (14) days from the date of this announcement.



FSBM - Quarterly rpt on consolidated results for the financial period ended 31/12/2012 (Amended Announcement)

Announcement Type: Financial Results
Company NameFSBM HOLDINGS BERHAD  
Stock Name FSBM  
Date Announced1 Mar 2013  
CategoryFinancial Results
Reference NoFH-130301-49346

Financial Year End31/12/2012
Quarter4
Quarterly report for the financial period ended31/12/2012
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2012
31/12/2011
31/12/2012
31/12/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
728
0
7,880
5,939
2Profit/(loss) before tax
-2,621
-14,983
-8,940
-20,687
3Profit/(loss) for the period
-2,585
-11,887
-8,904
-17,583
4Profit/(loss) attributable to ordinary equity holders of the parent
-2,585
-11,887
-7,304
-17,583
5Basic earnings/(loss) per share (Subunit)
-2.76
-2.12
-9.52
-32.72
6Proposed/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 ($$)
0.2600
0.3800

Remarks :
Revenue for Preceding Year Corresponding Quarter is -RM59,000
Definition of Subunit:

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:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


ITRONIC - Change in Audit Committee (Amended Announcement)

Announcement Type: Change in Audit Committee
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced1 Mar 2013  
CategoryChange in Audit Committee
Reference NoCS-130301-9E49C

Date of change28/02/2013
NameDr. Junid Bin Abu Saham
Age71
NationalityMalaysian
Type of changeResignation
DesignationChairman of Audit Committee
DirectorateIndependent & Non Executive
QualificationsDr. Junid Bin Abu Saham ("Dr. Junid") is a Colombo Plan Scholar who graduated with a Bachelor and Master's degree in Economics from the University of Canterbury, New Zealand in year 1963 and 1965 respectivly. Dr. Junid later read Economics at the University of Hull, United Kingdom in year 1974 where he graduated with Ph.D. under the Inter-British Universities Scholarship. 
Working experience and occupation Dr. Junid worked in a firm of Chartered Accountants in London and in Sydney. In year 1975, he worked as an Investment Manager with Bank Rakyat. Form year 1976 to year 1992, he worked as General Manager with Arab-Malaysian Merchant Bank Berhad (now renamed as AmInvestment Bank Berhad).  
Directorship of public companies (if any)Master-Pack 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)1. Dato' Haji Wan Abdullah B.W. Salleh
(Member, Independent Non-Executive Director)

2. Mr. Raymond Yip Wai Man
(Member, Non-Independent Non-Executive Director)

Remarks :
Dato' Haji Wan Abdullah B.W. Salleh is an Independent Non-Executive Director and not Non-Independent Non-Executive Director as stated earlier.


KKB - Changes in Director's Interest (S135) - Kho Pok Tong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKKB ENGINEERING BERHAD  
Stock Name KKB  
Date Announced1 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130301-9CAEF

Information Compiled By KLSE

Particulars of Director

NameKho Pok Tong
AddressNo. 14, Jalan Three Hills Park, Off Jalan Pending, 93300 Kuching, Sarawak
Descriptions(Class & nominal value)Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
27/02/2013
5,000
1.500 
Acquired
26/02/2013
8,000
1.501 

Circumstances by reason of which change has occurred(i) Deemed interested by virtue of his substantial interest in Kho Kak Beng Holding Company Sdn. Bhd.
(ii) Acquisition of shares
Nature of interestIndirect and Direct Interests
Consideration (if any) 

Total no of securities after change

Direct (units)598,600 
Direct (%)0.23 
Indirect/deemed interest (units)103,238,720 
Indirect/deemed interest (%)40.05 
Date of notice01/03/2013

Remarks :
(i) 598,600 shares are registered in the name of Kho Pok Tong.

(ii) Deemed interested by virtue of 103,238,720 shares held by Kho Kak Beng Holding Company Sdn. Bhd. in which Kho Pok Tong has substantial interest.


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