Company announcements: MQTECH, N2N, FABER, KULIM, GENP, YNHPROP

MQTECH - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement

Company Name	MQ TECHNOLOGY BERHAD (ACE Market)
Stock Name	MQTECH
Date Announced	4 Mar 2013
Category	Notice of Shares Buy Back - Immediate Announcement
Reference No	CC-130304-333BE

Date of buy back	04/03/2013
Description of shares purchased	Ordinary Shares of RM0.10 each
Currency	Malaysian Ringgit (MYR)
Total number of shares purchased (units)	100,000
Minimum price paid for each share purchased ($$)	0.080
Maximum price paid for each share purchased ($$)	0.080
Total consideration paid ($$)	8,000.00
Number of shares purchased retained in treasury (units)	100,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)
Adjusted issued capital after cancellation (no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)	3.16

Remarks :

---

N2N - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement

Company Name	N2N CONNECT BERHAD (ACE Market)
Stock Name	N2N
Date Announced	4 Mar 2013
Category	Notice of Shares Buy Back - Immediate Announcement
Reference No	CM-130301-55255

Date of buy back	04/03/2013
Description of shares purchased	Ordinary shares of RM0.10 each
Currency	Malaysian Ringgit (MYR)
Total number of shares purchased (units)	10,100
Minimum price paid for each share purchased ($$)	0.440
Maximum price paid for each share purchased ($$)	0.450
Total consideration paid ($$)	4,495.00
Number of shares purchased retained in treasury (units)	10,100
Number of shares purchased which are proposed to be cancelled (units)	0
Cumulative net outstanding treasury shares as at to-date (units)	2,857,700
Adjusted issued capital after cancellation (no. of shares) (units)	0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)	0.9533

Remarks :

---

FABER - MATERIAL LITIGATION

Announcement Type: General Announcement

Company Name	FABER GROUP BERHAD
Stock Name	FABER
Date Announced	4 Mar 2013
Category	General Announcement
Reference No	FG-130304-537A5

Type	Announcement
Subject	MATERIAL LITIGATION
Description	FABER GROUP BERHAD (“FGB”) NOTICE OF CLAIM FILED BY TRIPOLI CONTRACTING AND GENERAL MAINTENANCE (“THE CLAIMANT”) AGAINST FABER LIMITED LIABILITY COMPANY (“FABER LLC”) (“NOTICE OF CLAIM”)
We refer to our earlier announcements dated 3 September 2012, 5 September 2012, 13 September 2012, 27 September 2012, 16 October 2012, 31 January 2013, 19 February 2013 and 28 February 2013 on the above matter. We wish to announce that FGB was informed today that the Al Dhafra Court in Abu Dhabi Emirate had postponed the case to 25 March 2013. Further announcement on the developments of the above matter will be made in due course. This announcement is dated 4 March 2013.

---

KULIM - Changes in Director's Interest (S135) - Tan Sri Datuk Arshad Bin Ayub (Amended Announcement)

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965

Company Name	KULIM (MALAYSIA) BERHAD
Stock Name	KULIM
Date Announced	4 Mar 2013
Category	Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference No	JC-130304-743C5

Information Compiled By KLSE

Particulars of Director

Name	Tan Sri Datuk Arshad Bin Ayub
Address	25 Jalan Permata 7/1 40000 Shah Alam, Selangor
Descriptions(Class & nominal value)	Ordinary Shares of RM0.25 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	28/06/2012	133,000

Circumstances by reason of which change has occurred	Purchased at open market
Nature of interest	Direct
Consideration (if any)

Total no of securities after change
Direct (units)	1,972,800
Direct (%)	0.7
Indirect/deemed interest (units)	4,800,800
Indirect/deemed interest (%)	1.71
Date of notice	29/06/2012

Remarks :

The notice dated 29 June 2012 was received via fax on 28 February 2013, instead of 28 February 2012.

---

KULIM - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS (Amended Announcement)

Announcement Type: General Announcement

Company Name	KULIM (MALAYSIA) BERHAD
Stock Name	KULIM
Date Announced	4 Mar 2013
Category	General Announcement
Reference No	JC-130304-770FF

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	KULIM (MALAYSIA) BERHAD (“KULIM” OR “COMPANY”) : PROPOSED DISPOSAL BY SINDORA BERHAD (“SINDORA”), A WHOLLY OWNED SUBSIDIARY OF KULIM, AND E.A. TECHNIQUE (M) SDN BHD (“EA TECH”), A 51% OWNED SUBSIDIARY OF SINDORA, (COLLECTIVELY, “VENDORS”) OF ITS SHAREHOLDING IN ORKIM SDN BHD (“ORKIM”) (“PROPOSED DISPOSAL”)
1.0 INTRODUCTION Further to the Company’s announcement dated 30 November 2012 and 31 January 2013, the Board of Directors of the Company wishes to announce that Sindora and EA Tech had on even date entered into a Sale and Purchase Agreement (“SPA”) with GMV-Orkim Sdn Bhd (“GMV-Orkim” or “Purchaser”) for the disposal of 7,524,019 and 11,662,230 ordinary shares representing 20% and 31% shareholding in Orkim, (collectively, “Sale Shares”) respectively for a total consideration of RM110 million or approximately RM5.73 per share. Sindora is a wholly owned subsidiary of Kulim while EA Tech is a 51% owned subsidiary of Sindora. The Proposed Disposal consequently results in Orkim ceasing to become a subsidiary of Sindora. 2.0 DETAILS OF THE PROPOSED DISPOSAL 2.1 Information on Orkim Orkim was incorporated as a private limited company in Malaysia under the Companies Act 1965. As at the date of this announcement, the authorised share capital of Orkim is RM50,000,000 comprising 50,000,000 ordinary shares of RM1.00 each (“Orkim Shares”) of which RM37,620,096 comprising 37,620,096 Orkim Shares are issued and fully paid up. As at the date of this announcement, the shareholding of Orkim is as stated below :- No. Shareholder Percentage (%) 1. Sindora 20 2. EA Tech 31 3. GMV-Orkim 40 4. Wan Izani bin Wan Mahmood (“WIWM”) 5 5. Khoo Chin Yew (“KCY”) 4 TOTAL 100 The current directors of Orkim are Ahamad bin Mohamad, Rozan bin Mohd Sa’at, Dato’ Abdul Hak bin Md Amin, Dato’ Mohd Zafer bin Mohd Hashim, Abdul Karim bin Ismail, Satira binti Omar, Zulkifli bin Mohd Amin, WIWM and KCY. Orkim is principally engaged in investment holding whilst the principal activities of the subsidiary companies are shipping and freight management, shipping brokers and ship owners. The latest audited consolidated net profit and net assets of Orkim for the financial year ended 31 December 2011 are RM13.90 million and RM58.56 million respectively. 2.2 Information on GMV-Orkim GMV-Orkim was incorporated as a private limited company in Malaysia under the Act on 3 July 2007 and is principally engaged in investment holding. As at 28 February 2012, the sole shareholder of GMV-Orkim is Global Maritime Ventures Berhad. The current directors of GMV-Orkim are Mohd Yazid Safuan and Zakaria Saad. GMV-Orkim currently holds 40% equity in Orkim Sdn Bhd. 2.3 Salient terms of the SPA 2.3.1 Conditions Precedent The delivery of the waiver of any pre-emption rights over the Sale Shares by WIWM and KCY, whether under the Subscription and Shareholders Agreement dated 6 May 2009 between Orkim, Sindora, WIWM and KCY (“SSA”), any deed of accession in relation to the SSA or the articles of association of Orkim having been obtained and the resolution to be passed by all the shareholders of Orkim approving for the sale of the Sale Shares to the Purchaser prior to the date of expiry of a fourteen (14) Business Days following the date of the SPA (or such later date agreed in writing by the Parties). 2.3.2 Completion The completion of the sale and purchase of the Sale Shares shall take place at a place mutually agreed by the Parties, not later than seven (7) business days after last of the Conditions Precedent has been fulfilled or waived (or such other date as the Parties may agree in writing), when the following action shall be taken by the parties hereto: The Vendors shall deliver to the Purchaser: duly executed (but undated) share transfer forms by the Vendors and the share certificates (together with the required stamping proforma and latest audited account of the Company (PDS 6 and other documents necessary for adjudication) in respect of the Shares; letters of resignation as directors of the Company, in approved terms, in each case confirming that they have no claim of any nature whatsoever against the Company, whether for remuneration, compensation for loss of office, redundancy, wrongful dismissal or for any other reason; a certified true copy of the resolution of the board of directors of the Company; a copy of the letter termination issued by the Vendors to the previous purchaser duly acknowledged receipt by the same in respect of the previous sale and purchase agreement entered into between the Vendors and the previous purchaser for the proposed sale of the Sale Shares; and such other documents as may be required to give to the Purchaser good title to the Sale Shares and to enable the Purchaser or its nominees to become the registered holders thereof. 2.4 Basis of arriving at the consideration The consideration for the Proposed Disposal was negotiated between the Vendors and Purchaser on “willing buyer, willing seller” and “as is where is” basis, after taking into consideration the audited consolidated Net Profit and Net Asset of Orkim for the financial year ended 31 December 2011 of RM13.90 million and RM58.56 million respectively. It should be noted also that the disposal value of RM110 million for 51% equity in Orkim represents a price earnings (“PE”) multiples of 15.5 times. 3.0 RATIONALE The Proposed Disposal is in line with the wishes of the intrapreneurs and minority shareholders of Orkim, namely Wan Izani bin Wan Mahmood and Khoo Chin Yew, to allow Orkim to pursue alternative direction for the future. The Proposed Disposal will also enable Kulim to realise the value of its investment in Orkim with estimated gain of RM59.39 million within the investment period of 4 years. In addition, the Proposed Disposal is in line with Kulim’s strategy under its Intrapreneur Venture concept. 4.0 UTILISATION OF PROCEEDS Proceeds from the Proposed Disposal will be used as working capital. 5.0 EFFECTS OF THE PROPOSED DISPOSAL 5.1 Share Capital and Substantial Shareholders’ Shareholdings The Proposed Disposal will not have any effect on the issued and paid-up share capital as well as shareholdings of the substantial shareholders of Kulim. 5.2 Earnings Except for the loss on future earnings from Orkim’s business, the Proposed Disposal is not expected to have any material effect on the earnings of the Kulim Group for the financial year ending 31 December 2013. 5.3 Net Assets (“NA”) The Proposed Disposal will not have any material effect on the NA of Kulim for the financial year ending 31 December 2013. 5.4 Gearing The Proposed Disposal is not expected to have any material effect on the gearing of Kulim. 5.5 Expected gain or loss arising from the disposal The Proposed Disposal is expected to result in a gain on disposal to Kulim Group of approximately RM 59.39 million, subject to auditors’ verification. 6.0 LIABILITIES TO BE ASSUMED All of the liabilities of Orkim shall be transferred to Orkim’s remaining shareholders, i.e. GMV-Orkim, WIWM and KCY, including contingent liabilities and guarantees upon completion of the Proposed Disposal. 7.0 COST OF INVESTMENT The Company’s original cost of investment in Orkim is as follows: Shareholder Cost of Investment (RM’000) No. of shares acquired Sindora 10,395 7,524,019 EA Tech 17,143 11,662,230 Total 27,538 19,186,249 8.0 APPROVALS REQUIRED The Proposed Disposal is not subject to the approval of the shareholders of the Company and/or any government authorities. 9.0 TIME FRAME FOR COMPLETION The Proposed Disposal is expected to be completed in the first half of 2013. 10.0 DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS Save as disclosed below, none of the directors and major shareholders of Kulim and persons connected to the directors and/or major shareholders of Kulim have any interest, direct or indirect, in the Disposal. Major shareholder Kulim is the major shareholder of Sindora, whereas Sindora owns 51% of EA Tech. Both Sindora and EA Tech owns 20% and 31% respectively in Orkim, while GMV-Orkim owns 40% of Orkim. Global Maritime Ventures Berhad is the sole shareholder of GMV-Orkim. Directors Ahamad Mohamad, Rozan Mohd Sa’at who are directors of Kulim, are also Directors of Orkim (hereinafter referred to as the “Interested Directors”). Whilst Dato’ Mohd Zafer bin Mohd Hashim and Abdul Karim bin Ismail who is a Director and senior management of Global Maritime Ventures Berhad respectively, are also Directors of Orkim. The Interested Directors are deemed interested in the Disposal by virtue of them being persons connected to Orkim. Accordingly, the Interested Directors have abstained and will continue to abstain from all Board deliberations and voting. 11.0 DIRECTORS’ STATEMENT The Board of Kulim is of the opinion that the Proposed Disposal is in the best interest of Company. 12.0 RISK AND INDUSTRY OVERVIEW AND FUTURE PROSPECTS Kulim is of the view that prospects for the Proposed Disposal are positive and is not aware of any risk factors arising from the arrangement other than the normal market and global economic risks. 13.0 RELATED PARTY TRANSACTION The Proposed Disposal would be deemed to be a Related Party Transaction (as defined under the Bursa Malaysia Securities Berhad Main Market Listing Requirements) as Kulim is deemed to be entering into a transaction with a company connected to its subsidiaries. 14.0 HIGHEST PERCENTAGE RATIO APPLICABLE TO THE DISPOSAL The highest percentage ratio applicable to the Proposed Disposal pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements is 2.56%. 15.0 AUDIT COMMITTEE’S STATEMENT After having considered all aspects of the Proposed Disposal, the Audit Committee of the Company (“Audit Committee”) is of the opinion that the Proposed Disposal 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 of the Company. In forming its view, the Audit Committee has not sought any independent advice. 16.0 TRANSACTIONS WITH THE PURCHASER There is no other material transaction with the Purchaser during the preceding 12 months’ period. 17.0 DOCUMENTS FOR INSPECTION The SPA will be made available for inspection at the registered office of Kulim at Suite 12B, Level 12, Menara Ansar, 65 Jalan Trus, 80000 Johor Bahru during normal office hours from Mondays to Fridays (except on public holidays) for a period of one (1) month from the date of this Announcement. This announcement is dated 4 March 2013.

---

GENP - 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 Name	GENTING PLANTATIONS BERHAD
Stock Name	GENP
Date Announced	4 Mar 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	GP-130304-FC592

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 50 SEN EACH
Name & address of registered holder	CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FD BD (HDBS) 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)
Acquired	28/02/2013	259,000

Circumstances by reason of which change has occurred	ACQUISITION
Nature of interest	DIRECT
Direct (units)
Direct (%)	15.178
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	115,165,000
Date of notice	01/03/2013

Remarks :

Form 29B dated 1 March 2013 was received on 4 March 2013.

---

GENP - 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 Name	GENTING PLANTATIONS BERHAD
Stock Name	GENP
Date Announced	4 Mar 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	GP-130304-3C1BE

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 50 SEN EACH
Name & address of registered holder	CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FD BD (HDBS) 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)
Acquired	27/02/2013	279,300

Circumstances by reason of which change has occurred	ACQUISITION
Nature of interest	DIRECT
Direct (units)
Direct (%)	15.144
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	114,906,000
Date of notice	28/02/2013

Remarks :

Form 29B dated 28 February 2013 was received on 4 March 2013.

---

GENP - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	GENTING PLANTATIONS BERHAD
Stock Name	GENP
Date Announced	4 Mar 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	GP-130304-00111

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	MALAYSIA
Descriptions (Class & nominal value)	ORDINARY SHARES OF 50 SEN EACH
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)
Acquired	25/02/2013	234,700

Circumstances by reason of which change has occurred	ACQUISITION
Nature of interest	DIRECT
Direct (units)	45,378,600
Direct (%)	5.981
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	45,378,600
Date of notice	04/03/2013

Remarks :

Form 29B dated 1 March 2013 was received on 4 March 2013.

---

YNHPROP - Changes in Sub. S-hldr's Int. (29B) - Aberdeen International Fund Managers Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	YNH PROPERTY BERHAD
Stock Name	YNHPROP
Date Announced	4 Mar 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CC-130304-3D212

Particulars of substantial Securities Holder

Name	Aberdeen International Fund Managers Limited
Address	Rm 2605-06, 26/F Alexandra House 18 Chater Road, Central, Hongkong
NRIC/Passport No/Company No.	145551
Nationality/Country of incorporation	Hong Kong
Descriptions (Class & nominal value)	Ordinary shares of RM1.00 each
Name & address of registered holder	BNP Paribas Securities Services

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Others	25/02/2013	0

Description of other type of transaction	Changes in shareholdings due to change in shares outstanding.
Circumstances by reason of which change has occurred	Changes in shareholdings due to change in shares outstanding.
Nature of interest	Deemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)	24,315,087
Indirect/deemed interest (%)	5.89
Total no of securities after change	24,315,087
Date of notice	27/02/2013

Remarks :

Received notice dated 27 February 2013 from Aberdeen International Fund Managers Limited on 4 March 2013. This announcement is dated 4 March 2013.

---

YNHPROP - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A

Company Name	YNH PROPERTY BERHAD
Stock Name	YNHPROP
Date Announced	4 Mar 2013
Category	Notice of Shares Buy Back by a Company Pursuant to Form 28A
Reference No	CC-130304-55513

Date of buy back from	19/02/2013
Date of buy back to	01/03/2013
Currency	Malaysian Ringgit (MYR)
Total number of shares purchased (units)	425,000
Minimum price paid for each share purchased ($$)	1.885
Maximum price paid for each share purchased ($$)	1.958
Total amount paid for shares purchased ($$)	809,408.98
The name of the stock exchange through which the shares were purchased	Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)	425,000
Total number of shares retained in treasury (units)	792,978
Number of shares purchased which were cancelled (units)	0
Total issued capital as diminished	0
Date lodged with registrar of companies	04/03/2013
Lodged by	Symphony Corporatehouse Sdn. Bhd., Ipoh

Remarks :

This announcement is dated 4 March 2013.

---