ENVAIR - MATERIAL LITIGATION
| Company Name | ENVAIR HOLDING BERHAD (ACE Market) |
| Stock Name | ENVAIR |
| Date Announced | 8 Apr 2013 |
| Category | General Announcement |
| Reference No | CC-130408-60622 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | ENVAIR HOLDING BERHAD ("the Company") - WINDING-UP PETITION UNDER SECTION 218(1)(e) OF THE COMPANIES ACT, 1965 |
The Board of Directors of the Company wishes to announce that on 2 April 2013, a Winding-Up Petition pursuant to Section 218(1)(e) of the Companies Act, 1965 together with a copy of the Affidavit Verifying Petition ("the said Winding-Up Petition") has been served on the Company by Messrs. Cheang & Ariff, the Solicitors who act on behalf of the former shareholder/director of the Company, Dato' Sri Ung Eng Huat demanding the payment of the total outstanding sum owing by the Company to Dato' Sri Ung Eng Huat amouting to RM835,445.13 (The sealed Winding-Up Petiton was only received by the Company on 5 April 2013). The said Winding-Up Petition was served after the issue of the Statutory Demand on the Company pursuant to Section 218 of the Companies Act, 1965 for payment of a debt by Messrs. Cheang & Ariff on behalf of Dato' Sri Ung Eng Huat on 18 January 2013 pursuant to a Judgment in Default dated 13 December 2012. The sum of RM835,445.13 as at 18 January 2013 due on the Judgment in Default dated 13 December 2012 was calculated as follows ("the said Petition"): Outstanding sum RM827,644.86 Interest at the rate of 4% per annum on RM 4,535.04 RM827,644.86 from 25.10.2012 to 13.12.2012 (50 days) Interest at the rate of 4% per annum on RM 3,265.23 RM827,644.86 from 14.12.2012 until 18.1.2013 (36 days) ----------------------- RM835,445.13 Total ============= The court has fixed the said Petition for case management on 18 April 2013 at 9.00 a.m. and for hearing on 21 June 2013 at 9.00 a.m. at the High Court, Kuala Lumpur. The Company wishes to announce that it will vigorously defend these proceedings and will contest any winding up proceedings that may be initiated. The Company is seeking the necessary legal advice to resolve and/or defend against this matter. Further announcement on the developments of the above matter will be made to Bursa Malaysia Securities Berhad in due course. This announcement is dated 8 April 2013. | |
AXIATA - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera
| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 8 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | AG-130408-E7E4E |
Particulars of substantial Securities Holder
| Name | AmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera |
| Address | Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur |
| NRIC/Passport No/Company No. | 766894-T |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | AmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera, Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 02/04/2013 | 2,500,000 |
| Remarks : |
| Form 29B received on 8 April 2013 |
AXIATA - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera
| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 8 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | AG-130408-E7F8E |
Particulars of substantial Securities Holder
| Name | AmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera |
| Address | Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur |
| NRIC/Passport No/Company No. | 766894-T |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | AmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera, Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 03/04/2013 | 2,500,000 |
| Remarks : |
| Form 29B received on 8 April 2013 |
AXIATA - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera
| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 8 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | AG-130408-E804C |
Particulars of substantial Securities Holder
| Name | AmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera |
| Address | Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur |
| NRIC/Passport No/Company No. | 766894-T |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | AmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera, Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 04/04/2013 | 2,274,800 |
| Remarks : |
| Form 29B received on 8 April 2013 |
UNIMECH - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | UNIMECH GROUP BERHAD |
| Stock Name | UNIMECH |
| Date Announced | 8 Apr 2013 |
| Category | General Announcement |
| Reference No | UG-130408-66655 |
| Type | Announcement | ||||||||||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS | ||||||||||||||||||||||||
| Description | Disposal of associate company – Premium Heights Sdn. Bhd. | ||||||||||||||||||||||||
Introduction Unimech Group Berhad (“UGB” or “the Company”) together with remaining shareholders of Premium Heights Sdn. Bhd. (“PHSB”) namely Peak Hua Housing Sdn Bhd, Gee Tiu Fong, Ong Mee Lee and Wan Leong Sin (collectively called “the Vendors”) had on 4th April 2013 entered into a Share Sale Agreement (“SSA”) with Mr. David Chew Keat Soon (“the Purchaser”) to dispose off a total of 4,993,451 ordinary shares of RM1.00 each in the capital of PHSB (“Sale Shares”) representing 100% of the issued and paid up capital of PHSB for a total cash consideration RM16,000,000 (“Sale Consideration”) [“the Disposal”]. Salient Terms of the SSA Pursuant to the SSA, the completion of the disposal of Sale Shares shall be implemented in three (3) tranches as follows:-
iv. In the event the conditions as stated in Clauses (ii) are not fulfilled within 24 calendar months, then the SSA shall be deemed discharged with no claims against each other and PHSB. In which event, a) the SSA, the Development Agreement shall be deemed discharged and the Irrevocable Power of Attorney revoked with no claims against each other;
Changes on the Company's Equity Interest The changes of the Company’s equity interest in PHSB subsequent to each tranche are as follows:
Upon completion of the Disposal, PHSB will cease to be an associate company of UGB. Information on PHSB The present authorised share capital of PHSB is RM5,000,000 comprising 5,000,000 ordinary shares of RM1.00 each, and the total issued and paid-up share capital of PHSB is RM4,993,451 comprising 4,993,451 ordinary shares of RM1.00 each. The principal activity of PHSB is property development. PHSB has an unaudited shareholders’ fund of RM4,307,855 as at 31 December 2012. Information on the Purchaser Mr. David Chew Keat Soon is a Malaysian. He has no directorship and/or shareholding in UGB. Basis of arriving at the Sale Consideration The total sale consideration of RM16,000,000 is arrived after taking into consideration the current shareholders’ fund of PHSB together with future prospect of PHSB. Rationale for the Disposal Currently, PHSB is not generating profitable income to UGB. Therefore, the Board of Directors of the Company has decided to dispose off PHSB. UGB is satisfied that the disposal of the 40% equity interest in PHSB is at a reasonable price. Original Cost of the Investment The date and the original cost of investment of UGB in PHSB was on 1 August 2006 at RM3,000,000. Expected Proceeds and Gain/Loss Aising from the Disposal The Company is expected to receive net proceeds of RM5,395,680 and the expected gain of RM2,395,680 is attributable to UGB Group on the completion of the Disposal. Financial Effects | |||||||||||||||||||||||||
WCT - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (DiPerbadankan)
| Company Name | WCT BERHAD |
| Stock Name | WCT |
| Date Announced | 8 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | WW-130408-B7D70 |
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 RM0.50 each |
| Name & address of registered holder | Kumpulan Wang Persaraan DiPerbadankan)("KWAP")- 61,939,755 Shares KWAP's Fund Managers - 11,607,915 Shares |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 02/04/2013 | 1,000,000 |
| Remarks : |
| Form 29B dated 8 April 2013 was received on 8 April 2013. |
WCT - OTHERS WCT Berhad (“WCT” or “the Company”) -Notification of acceptance of tender for the construction of Batinah Expressway – Package 2, in the Sultanate of Oman
| Company Name | WCT BERHAD |
| Stock Name | WCT |
| Date Announced | 8 Apr 2013 |
| Category | General Announcement |
| Reference No | WW-130408-63724 |
| Type | Announcement |
| Subject | OTHERS |
| Description | WCT Berhad (“WCT” or “the Company”) -Notification of acceptance of tender for the construction of Batinah Expressway – Package 2, in the Sultanate of Oman |
We refer to the announcements made on 16 August 2012 and 8 March 2013 in relation to the notification of acceptance of tender for the construction of Batinah Expressway – Package 2, in the Sultanate of Oman (the “Project”). The Board of Directors of WCT wishes to update that the Director of Tenders and Contracts Department of the Ministry of Transport and Communications of the Sultanate of Oman (“the Employer”) has on 6 April 2013 informed the Company and Oman Roads Engineering Company LLC (the “Joint Venture”) that the Employer has decided not to proceed with the Project pursuant to the tender. The Company respects and will adhere to the Employer’s decision. This announcement is dated 8 April 2013.
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YOKO - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS
| Company Name | YOKOHAMA INDUSTRIES BERHAD |
| Stock Name | YOKO |
| Date Announced | 8 Apr 2013 |
| Category | General Announcement |
| Reference No | CC-130408-41335 |
| Type | Announcement | ||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS | ||||||||||||
| Description | The Board of Directors of Yokohama Industries Berhad wishes to announce that the actual value of the Recurrent Related Party Transactions ("RRPT") transacted with the following related party pursuant to the existing shareholders' mandate obtained on 17 May 2012, has exceeded the estimated value of the RRPT as disclosed in the Circular to Shareholders dated 25 April 2012 ("Circular") by more than ten percent (10%). Further details are set out in the table below. | ||||||||||||
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