BRAHIMS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS
| Company Name | BRAHIM'S HOLDINGS BERHAD |
| Stock Name | BRAHIMS |
| Date Announced | 26 Apr 2013 |
| Category | General Announcement |
| Reference No | CA-130426-54745 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | BRAHIM'S HOLDINGS BERHAD ("the Company") - Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature |
The Board of Directors of the Company wishes to announce that the Company proposes to seek its shareholders' approval on the Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders Mandate") at its forthcoming 31st Annual General Meeting. A Circular to shareholders in relation to the Proposed Shareholders Mandate will be issued in due course.
| |
MUH - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | MULTI-USAGE HOLDINGS BERHAD |
| Stock Name | MUH |
| Date Announced | 26 Apr 2013 |
| Category | General Announcement |
| Reference No | CC-130426-0765D |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | Multi-Usage Holdings Berhad (‘MUHB’ or “Company”) Sale of Property to a person connected to the Director of the Company by TF Land Sdn Bhd, a wholly owned subsidiary of MUHB |
Announcement Details : 1. Introduction MUHB wishes to announce that TF Land Sdn Bhd (“TF Land”), a wholly owned subsidiary of the Company has on 25 April 2013 entered into a Sale and Purchase Agreement (“SPA”) with Mr Tan Chiew Ching (the “Related Party), a person connected to Mr Tan Chew Hua, a Director of the Company in respect of the sale of a property to the Related Party. 2. Information on TF Land TF Land is a private limited company incorporated in 3. Information on the Related Party Mr Tan Chiew Ching is the brother to Mr Tan Chew Hua, who is a Director and major shareholder of the Company through interest in the shares held by family members via Tan Choon Keng Holdings Sdn Bhd and Topazvest Temasek Sdn Bhd. 4. Details of the Transaction The Related Party has on 25 April 2013 purchased a Three Storey Semi Detached Twin Villas located on Plot No. 122 to be erected on PT No. 3494, Mukim 15, Daerah Seberang Perai Tengah, Pulau Pinang held under Hakmilik Sementara No. H.S.(D) 57821 measuring approximately 223 square meters (“Property”) for a total consideration of RM550,000 (Ringgit Malaysia Five Hundred and Fifty Thousand Only) (the “Purchase Price”) from TF Land. 5. Salient terms of the Transaction The consideration for the Transaction shall be paid in the following manner:- a) A payment equivalent to 10% of the Purchase Price shall be paid upon execution of the SPA; and b) The balance 90% shall be paid according to the stage of works completed. The SPA is based on standard terms applicable to all purchasers and is not more favourable than those generally offered to the MUHB’s directors, employees and customers. 6. Rationale for the Transaction The sale of Property is in the ordinary course of business of TF Land. There is no liability to be assumed arising from the Transaction. 7. Basis of arriving at the Selling Price The Selling Price of the Property offered by TF Land to the Related Party is the same as the selling price offered to eligible employees of TF Land and the general public. 8. Financial effects of the Transaction 8.1 Share capital and shareholdings of substantial shareholders The Transaction will not have any effect on the issued and paid-up share capital and shareholdings of substantial shareholder of MUHB. 8.2 Net Assets (“NA”) and Earnings per share The Transaction is not expected to have any material effect on the NA and Earnings per share of MUHB Group. 8.3 Gearing The Transaction is not expected to have any material impact on the gearing of MUHB Group. 9. Highest Percentage Ratio The highest percentage ratio applicable for the Transaction pursuant to Paragraph 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements is 1.4%. 10. Estimated Timeframe for Completion The transaction is expected to be completed within 24 months from the date of the SPA. 11. Approval Required The Transaction is not subject to the approval of shareholders of MUHB or any governmental or regulatory authorities. 12. Total amount transacted by the Related Party There is no other transaction entered into between the Related Party with MUHB group of companies for the preceding 12 months. 13. Interests of Directors, Major Shareholders and Persons Connected with them Save for Mr Tan Chiew Hua, none of the Directors or major shareholders of MUHB or persons connected with them have any interest, direct or indirect, in the Transaction. 14. Statements by the Board of Directors and the Audit Committee The Board of Directors of MUHB (with the exception of Mr Tan Chiew Hua who is interested in the Transaction), having considered all aspects of the Transaction, is of the opinion that they are in the best interest of MUHB Group. In addition, the Audit Committee, having considered all aspects of the Transaction, including the rationale, is of the opinion that they are:- a) in the best interest of MUHB Group; b) fair, reasonable and on normal commercial terms; and c) not detrimental to the interest of the Company’s minority shareholders. 15. Documents Available for Inspection A copy of the SPA is available for inspection at the Company’s Registered Office at Suite 2-1, 2nd Floor, Menara Penang Garden, 42A Jalan Sultan Ahmad Shah, 10050 Penang during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 26 April 2013.
| |
SAAG - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
| Company Name | SAAG CONSOLIDATED (M) BHD |
| Stock Name | SAAG |
| Date Announced | 26 Apr 2013 |
| Category | General Announcement |
| Reference No | SC-130426-52847 |
| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description | SAAG Consolidated (M) Bhd (“SAAG” or “the Company”) - Kuala Lumpur High Court Companies Winding-Up Petition No.: 28NCC-363-04/2013) - Globe- Pro Ventures Sdn. Bhd (Petitioner) vs SAAG (Respondent) |
Further to the announcement dated 15 March 2013, the Board of Directors of SAAG wishes to announce that the Company has on even date received the following documents :- a) a copy of the sealed Petition dated 17 April 2013; b) a copy of the affidavit verifying petition affirmed by Azman Khan bin Hakik Khan dated 22 April 2013 by way of service from Teja Singh Penesar & Co, the solicitors acting for the Petitioner. The Company owes the Petitioner a sum of RM19,497,426.35. No interest has been charged todate by the Petitioner. Since 2011, the Petitioner has been providing short term advances to SAAG, upon SAAG’s request for working capital given cashflow constraints faced by the Company and its subsidiaries. The SAAG Group on 12 October 2012 has announced default under Practice Note 1 (“PN 1”) and further on 17 October 2012 default under Practice Note 17 (“PN 17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. This has arisen as the Group is unable to raise the RM100 million as proposed in the Circular dated 27th June 2012. The Company therefore has defaulted on its payments to creditors and informed the Petitioner also of its inability to proceed with the debt restructure exercise. The Company is expected to suffer further financial loss and the Company's on-going operations will be affected.This will result in the winding up of SAAG which will consequently result in de-listing from Bursa Securities Main Board. In the event of winding-up, the assets of the Group would be subject to sale by the liquidator (s). This may result in further impairment of value of assets as set out in the Group’s balance sheet. The Petition is fixed for case management on 6 May 2013 and fixed for hearing on 26 June 2013. The Company does not envisage remedying due to financial constraints in the Group as announced under PN 17. As such, the Company is not in a position to prepare a defence to avoid eventualities which arises from the said Petition. This announcement is dated 26 April 2013. | |
WCT - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | WCT BERHAD |
| Stock Name | WCT |
| Date Announced | 26 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | WW-130426-9EA87 |
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. | EPFACT1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.50 each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (87,674,810 Shares) Employees Provident Fund Board (1,722,125 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board(HDBS)(6,273,595 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (RHB INV) (2,000,050 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Mayban) (2,200,000 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ALLIANCE INV) (2,999,500 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) (3,657,000 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) (12,828,250 Shares) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ARIM) (2,100,000 Shares) |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 23/04/2013 | 123,500 |
| Remarks : |
| Form 29B dated 24 April 2013 was received on 26 April 2013. |
WCT - GENERAL MEETINGS: OUTCOME OF MEETING
| Company Name | WCT BERHAD |
| Stock Name | WCT |
| Date Announced | 26 Apr 2013 |
| Category | General Meetings |
| Reference No | WW-130426-58962 |
| Type of Meeting | Court Convened Meetings for Warrants Holders | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Indicator | Outcome of Meeting | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Date of Meeting | 26/04/2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Time | 11:25 AM | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Venue | Ballroom 3, Premiere Hotel, Bandar Bukit Tinggi 1/KS6, Jalan Langat, 41200 Klang, Selangor Darul Ehsan, Malaysia. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Outcome of Meeting | WCT BERHAD (“WCTB”) i) proposed securities exchange; ii) proposed transfer listing; iii) proposed esos termination; Iv) proposed wctH esos; AND V) proposed wct land transfer. (TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)
We refer to the Notice of Court Convened Meeting (“CCM”) to the warrant holders of WCTB dated The Board is pleased to announce that WCTB have, at the CCM for warrant holders of WCTB held on 26 April 2013, obtained approval from its warrant holders for the implementation of a scheme of arrangement under Section 176(1) of the Act in relation to the Proposed Warrants Exchange and Proposed Transfer Listing by way of poll. The poll results for the resolution in relation to the Proposed Warrants Exchange and Proposed Transfer Listing are as follows:
This Announcement is dated 26 April 2013.
|
WCT - GENERAL MEETINGS: OUTCOME OF MEETING
| Company Name | WCT BERHAD |
| Stock Name | WCT |
| Date Announced | 26 Apr 2013 |
| Category | General Meetings |
| Reference No | WW-130426-EDE62 |
| Type of Meeting | EGM |
| Indicator | Outcome of Meeting |
| Date of Meeting | 26/04/2013 |
| Time | 10:57 AM |
| Venue | Ballroom 1, Premiere Hotel, Bandar Bukit Tinggi 1/KS6, Jalan Langat 41200 Klang, Selangor Darul Ehsan |
| Outcome of Meeting | The Board of Directors of WCT Berhad is pleased to announce that all the following resolutions proposed at the Company’s Extraordinary General Meeting held on Friday, 26 April 2013, were decided on show of hands and were duly carried:- SPECIAL RESOLUTION ORDINARY RESOLUTION 1 ORDINARY RESOLUTION 2 ORDINARY RESOLUTION 3 ORDINARY RESOLUTION 4 ORDINARY RESOLUTION 5 ORDINARY RESOLUTION 6 ORDINARY RESOLUTION 7 ORDINARY RESOLUTION 8 ORDINARY RESOLUTION 9 ORDINARY RESOLUTION 10 ORDINARY RESOLUTION 11 This announcement is dated 26 April 2013. |
WCT - GENERAL MEETINGS: OUTCOME OF MEETING
| Company Name | WCT BERHAD |
| Stock Name | WCT |
| Date Announced | 26 Apr 2013 |
| Category | General Meetings |
| Reference No | WW-130426-58599 |
| Type of Meeting | Court Convened Meeting for Shareholders | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Indicator | Outcome of Meeting | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Date of Meeting | 26/04/2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Time | 10:00 AM | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Venue | Ballroom 1, Premiere Hotel, Bandar Bukit Tinggi 1/KS6, Jalan Langat 41200 Klang, Selangor Darul Ehsan, Malaysia | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Outcome of Meeting | WCT BERHAD (“WCTB”) i) proposed securities exchange; ii) proposed transfer listing; iii) proposed esos termination; Iv) proposed wctH esos; AND V) proposed wct land transfer. (TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)
We refer to the Notice of Court Convened Meeting (“CCM”) to the shareholders of WCTB dated The Board is pleased to announce that WCTB have, at the CCM for shareholders of WCTB held on 26 April 2013, obtained approval from its shareholders for the implementation of a scheme of arrangement under Section 176(1) of the Act in relation to the Proposed Shares Exchange and Proposed Transfer Listing by way of poll. The poll results for the resolution in relation to the Proposed Shares Exchange and Proposed Transfer Listing are as follows:
This Announcement is dated 26 April 2013.
|
TECNIC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
| Company Name | TECNIC GROUP BERHAD |
| Stock Name | TECNIC |
| Date Announced | 26 Apr 2013 |
| Category | General Announcement |
| Reference No | CV-130425-DF7AD |
| Type | Announcement | ||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | ||||||||||||||||||||
| Description | Pursuant to paragraph 14.08 of the Main Market Listing Requirements on Dealing in Securities, the Company wishes to announce that the Company has received notifications from Dato' Gan Kim Huat and Mr. Gan Poh San of their intention to deal in the securities of the Company during the closed period, the details of their current shareholdings in the Company are as follows :- | ||||||||||||||||||||
* - Deemed interested through Zenith Highlight Sdn. Bhd. (7,602,357 shares) and Graceful Assessment Sdn. Bhd. (8,035,000 shares) in accordance with Section 6A of the Companies Act, 1965. ** - Deemed interested through Zenith Highlight Sdn. Bhd. in accordance with Section 6A of the Companies Act, 1965. | |||||||||||||||||||||
TECNIC - OTHERS TECNIC GROUP BERHAD ("TECNIC" or "the Company") - 5 SEN FINAL SINGLE-TIER NON-TAXABLE DIVIDEND
| Company Name | TECNIC GROUP BERHAD |
| Stock Name | TECNIC |
| Date Announced | 26 Apr 2013 |
| Category | General Announcement |
| Reference No | CV-130426-50683 |
| Type | Announcement |
| Subject | OTHERS |
| Description | TECNIC GROUP BERHAD ("TECNIC" or "the Company") - 5 SEN FINAL SINGLE-TIER NON-TAXABLE DIVIDEND |
The Board of Directors of Tecnic is pleased to propose a 5 sen final single-tier non-taxable dividend in respect of the financial year ended 31 December, 2012 ("Proposed Dividend"). The proposed Dividend is subject to the approval of the Company's shareholders at the forthcoming Annual General Meeting of the Company to be held at a date to be announced later. The dates of entitlement and payment for the proposed Dividend will be determined and announced by the Company in due course. The Board proposed a final dividend less than 50% dividend payout of its profit after tax for the financial year ended 31 December, 2012 for the purpose of reserving the Group's resources for capacity expansion and modernisation. However, the Company will endeavour to maintain a dividend policy of paying a minimum 50% dividend payout of its profit after tax annually to shareholders. This announcement is dated 26th April, 2013. | |
FARMBES - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):COMBINATION OF NEW ISSUE OF SECURITIES
| Company Name | FARM'S BEST BERHAD |
| Stock Name | FARMBES |
| Date Announced | 26 Apr 2013 |
| Category | General Announcement |
| Reference No | OS-130425-65258 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES |
| Description | FARM’S BEST BERHAD (“FBB” OR “COMPANY”) (I) PROPOSED FREE WARRANTS ISSUE; AND (II) PROPOSED PRIVATE PLACEMENT OF SHARES WITH WARRANTS. (COLLECTIVELY REFERRED AS THE “PROPOSALS” |
We refer to the announcement made on 25 April 2013 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the Company has on 26 April 2013 submitted the applications to:
(i) Bursa Securities for the admission of the Warrants to the Official List of the Main Market of Bursa Securities, and the listing of and quotation for the Placement Shares, Warrants and new FBB Shares to be issued pursuant to the exercise of the Warrants on the Main Market of Bursa Securities; and
(ii) Controller of Foreign Exchange (via BNM) for the issuance of the Warrants to the non-residents of Malaysia and any additional Warrants to be issued in consequence of any adjustments to be made from time to time pursuant to the provisions of the Deed Poll in relation to the Proposals.
This announcement is dated 26 April
2013.
| |
No comments:
Post a Comment