April 12, 2013

Company announcements: PPG, HAIO, WIDETEC, SPSETIA, PMETAL, JETSON, KKB, HWGB, WCT

PPG - Changes in Sub. S-hldr's Int. (29B) - LIM MEE HWA

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePELANGI PUBLISHING GROUP BHD.  
Stock Name PPG  
Date Announced12 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130412-2507E

Particulars of substantial Securities Holder

NameLIM MEE HWA
Address11 UNITY STREET
#02-13 ROBERTSON WALK
SINGAPORE 237995
NRIC/Passport No/Company No.S0006667B
Nationality/Country of incorporationSINGAPOREAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderDB (MALAYSIA) NOMINEES (ASING) SDN BHD
18TH FLOOR MENARA IMC
NO. 8, JALAN SULTAN ISMAIL
50250 KUALA LUMPU

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed10/04/2013
371,200
0.405 
Acquired10/04/2013
250,000
0.405 
Acquired10/04/2013
125,000
0.405 

Circumstances by reason of which change has occurredPurchase of 375,000 shares (representing 0.3877%) and disposal of 371,200 (representing 0.3838%). The shares were acquired and disposed by Yeoman Capital Management Pte Ltd (YCMPL) on behalf of YCMPL's clients in its role as investment manager and for herself. She is deemed interested pursuant to Section 6A(4) of the Companies Act, 1965 through her 50% shareholding in YCMPL.
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)6,599,750 
Indirect/deemed interest (%)6.8229 
Total no of securities after change6,599,750
Date of notice12/04/2013


PPG - Changes in Sub. S-hldr's Int. (29B) - YEOMAN CAPITAL MANAGEMENT PTE LTD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePELANGI PUBLISHING GROUP BHD.  
Stock Name PPG  
Date Announced12 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130412-25071

Particulars of substantial Securities Holder

NameYEOMAN CAPITAL MANAGEMENT PTE LTD
Address11 UNITY STREET
#02-13 ROBERTSON WALK
SINGAPORE 237995
NRIC/Passport No/Company No.199902308Z
Nationality/Country of incorporationSINGAPOREAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderDB (MALAYSIA) NOMINEES (ASING) SDN BHD
18TH FLOOR MENARA IMC
NO 8. JALAN SULTAN ISMAIL
50250 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed10/04/2013
371,200
0.405 
Acquired10/04/2013
250,000
0.405 
Acquired10/04/2013
125,000
0.405 

Circumstances by reason of which change has occurredPurchase of 375,000 shares (representing 0.3877%) and disposal of 371,200 (representing 0.3838%)in the open market. The shares were acquired and disposed by Yeoman Capital Management Pte Ltd (YCMPL) on behalf of YCMPL's clients in its role as investement manager.
Nature of interestIndirect
Direct (units)224,750 
Direct (%)0.2324 
Indirect/deemed interest (units)6,375,000 
Indirect/deemed interest (%)6.5906 
Total no of securities after change6,599,750
Date of notice12/04/2013


HAIO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHAI-O ENTERPRISE BERHAD  
Stock Name HAIO  
Date Announced12 Apr 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCP-130412-1D880

Date of buy back12/04/2013
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)2,200
Minimum price paid for each share purchased ($$)2.350
Maximum price paid for each share purchased ($$)2.350
Total consideration paid ($$)5,206.00
Number of shares purchased retained in treasury (units)2,200
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)5,144,588
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 (%)2.54


WIDETEC - OTHERS WIDETECH (MALAYSIA) BERHAD - Striking-off of Dormant Wholly-Owned Subsidiary, EPA Automation Pte Ltd

Announcement Type: General Announcement
Company NameWIDETECH (MALAYSIA) BERHAD  
Stock Name WIDETEC  
Date Announced12 Apr 2013  
CategoryGeneral Announcement
Reference NoCA-130412-63430

TypeAnnouncement
SubjectOTHERS
DescriptionWIDETECH (MALAYSIA) BERHAD
- Striking-off of Dormant Wholly-Owned Subsidiary, EPA Automation Pte Ltd

The Board of Directors of Widetech (M) Berhad wishes to announce that its dormant wholly-owned subsidiary, EPA Automation Pte Ltd (Registration No. 199702478R) incorporated under the Singapore Companies Act and having its registered office at 7500A, Beach Road, #13 - 320, The Plaza, Singapore (199591), has been successfully struck off the register of the Accounting and Corporate Regulatory Authority from the date of this announcement.

This announcement is dated 12 April 2013.



SPSETIA - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management PLC

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 Announced12 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-130412-ED5D0

Particulars of substantial Securities Holder

NameAberdeen Asset Management PLC
Address10 Queen's Terrace
Aberdeen, AB10 1YG
Scotland
NRIC/Passport No/Company No.82015
Nationality/Country of incorporationScotland
Descriptions (Class & nominal value)Ordinary Shares - RM0.75
Name & address of registered holder1) Aberdeen Asset Management Asia Limited
21 Church Street #01-01 Capital Square two, Singapore 049480

2) Aberdeen Asset Management Inc.
103 Springer Building, 3411 Silverside Road, Wilmington, Delaware 19810 USA

3) Aberdeen Asset Managers Limited
10 Queen's Terrace, Aberdeen, Aberdeenshire, AB10 1YG

4) Aberdeen Asset Management Sdn Bhd
Suite 1005, 10th Floor, Wisma Hamzah-Kwong Hing, No. 1 Leboh Ampang, 50100 Kuala Lumpur

5) Aberdeen Islamic Asset Management Sdn Bhd
Suite 1005, 10th Floor, Wisma Hamzah-Kwong Hing, No. 1 Leboh Ampang, 50100 Kuala Lumpur

6) Aberdeen International Fund Managers Limited
Rm 2605-06, 26/F Alexandra House, 18 Chater Road, Central, Hongkong

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/04/2013
79,500
 

Circumstances by reason of which change has occurredAcquisition
Nature of interestDirect
Direct (units)124,607,300 
Direct (%)5.07 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change124,607,300
Date of notice10/04/2013

Remarks :
Form 29B received on 12/04/2013


PMETAL - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NamePRESS METAL BERHAD  
Stock Name PMETAL  
Date Announced12 Apr 2013  
CategoryGeneral Announcement
Reference NoCC-130412-54761

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionPress Metal Berhad - Memorandum of Understanding between Press Metal Berhad and Sumitomo Corporation
1. Introduction
      The Board of Directors of Press Metal Berhad (‘the Company’ or the ‘Vendor’) is pleased to announce that the Company had on 12 April 2013 entered into a Memorandum of Understanding (‘MOU’) with Sumitomo Corporation (‘the Purchaser’), with a view to dispose of twenty percent (20%) equity interest in its wholly-owned subsidiary, Press Metal Bintulu Sdn. Bhd. (‘the Target Company’) to the Purchaser.

    2. Details of the MOU

      2.1 Information on the Vendor/ Company
          The Company is a company incorporated in Malaysia under the Companies Act, 1965 and is a listed entity on Bursa Malaysia Securities Berhad, with its registered address at Lot 6.05, Level 6, KPMG Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan, Malaysia. To-date, the Company has an authorised share capital of RM500,000,000.00 comprising 1,000,000,000 ordinary shares of RM0-50 each of which RM253,889,438.50 comprising 507,778,877 ordinary shares of RM0-50 each has been issued and is fully paid up. The principal activities of the Company are the manufacturing and marketing of aluminium products.
      2.2 Information on the Purchaser
          The Purchaser is a public listed company incorporated under the laws of Japan and listed on the Tokyo, Osaka, Nagoya and Fukuoka Stock Exchange, Japan. The Purchaser also owns 20% equity interest in another subsidiary of the Vendor, Press Metal Sarawak Sdn Bhd ("PMSSB") vide its subsidiary, Summit Global Managament IX B.V. whilst the remaining 80% is held by the Vendor.
      2.3 Information on the Target Company
          The Target Company is a company incorporated in Malaysia under the Companies Act, 1965 with its registered address at Lot 6.05, Level 6, KPMG Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan, Malaysia. The Target Company is a wholly-owned subsidiary of the Vendor. To-date, the Target Company has an authorised share capital of RM50,000,000.00 comprising 50,000,000 ordinary shares of RM1-00 each of which RM50,000,000.00 comprising 50,000,000 ordinary shares of RM1-00 each has been issued and is fully paid up. Once its plant in Samalaju Industrial Park, Sarawak is fully operational, the principal activities of the Target Company will be an aluminium smelter for the production of aluminium ingots and billets of accepted commercial standards.
    3. Rationale

      The MOU has been entered into to record the understanding between the parties in respect of the Vendor’s intention to dispose of twenty percent (20%) equity interest in the Target Company to the Purchaser (‘Proposed Transaction’). The Purchaser, with its extensive networking worldwide, actively trades in metals at an international and competitive level. The Proposed Transaction will enable the Vendor to reap the synergy of the partnership and bring yet another of its subsidiary to its full potential.

    4. Salient Terms of the MOU

      Both parties have agreed on the following :-

      4.1 The MOU will be effective for a period of six (6) months only during which time, the Purchaser will conduct a legal, financial and operational due diligence audit over the Target Company (‘DD Audit’) and the Vendor will deal exclusively with the Purchaser only for the Proposed Transaction.

      4.2 Upon completion of the DD Audit, the Purchaser may make an offer to the Vendor to acquire twenty percent (20%) equity interest in the Target Company from the Vendor at such price and upon such terms as the Purchaser is prepared to make.

      4.3 If no offer for the Proposed Transaction is made by the Purchaser to the Vendor by the expiry of the MOU or if the Vendor is not agreeable to the Purchaser’s offer, the Vendor will be at liberty to counter offer the Purchaser OR to terminate all negotiations with the Purchaser and proceed to deal with any other party as the Vendor may deem fit without being liable to account to the Purchaser for any losses, damages and liabilities whatsoever.

      4.4 Should the Vendor accept the Purchaser’s offer, a Sale and Purchase of Shares Agreement and a Shareholders Agreement will be the definitive agreements to be entered into between the parties upon terms and conditions to be mutually agreed upon.

      4.5 Both parties will abide by all applicable regulatory laws, rules and regulations once the definitive agreements are executed.


    5. Financial Effect

      The MOU will not have any effect on the share capital, substantial shareholders’ shareholdings, net assets per share, gearing and earnings per share for the financial year ending 31 December 2013.

    6. Directors and/or Major Shareholders Interest and/or Persons Connected to such Directors and Major Shareholders

      None of the directors, major shareholders of the Company and any persons connected with such directors and major shareholders have any interest, direct or indirect, in the MOU save and except their indirect interest via the existing corporate structure of the Target Company and PMSSB.
This announcement is dated 12 April 2013.


JETSON - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameKUMPULAN JETSON BERHAD  
Stock Name JETSON  
Date Announced12 Apr 2013  
CategoryGeneral Announcement
Reference NoMI-130411-60664

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionKUMPULAN JETSON BERHAD (“JETSON” OR THE “COMPANY”)

• PRIVATE PLACEMENT

We refer to the Company’s previous announcements in relation to the private placement of up to ten percent (10%) of the issued and paid-up share capital of Jetson (“Private Placement”). For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Company’s announcement dated 18 October 2012.

On behalf of the Board of Directors of Jetson, KAF is pleased to announce that the Company has fixed the issue price for the second tranche of the Private Placement comprising 3,680,000 Placement Shares at RM1.32 per Placement Share. The said issue price of RM1.32 per Placement Share represents a discount of approximately 9.71% from the five (5)-day weighted average market price of Jetson Shares up to and including 11 April 2013 of approximately RM1.4619 per Jetson Share as traded on Bursa Securities.

This announcement is dated 12 April 2013.



KKB - OTHERS Writ of Summons

Announcement Type: General Announcement
Company NameKKB ENGINEERING BERHAD  
Stock Name KKB  
Date Announced12 Apr 2013  
CategoryGeneral Announcement
Reference NoCC-130411-87E54

TypeAnnouncement
SubjectOTHERS
DescriptionWrit of Summons

Further to the announcement made on 24 September 2012 pertaining to the arbitration proceedings between KKB Builders Sdn Bhd, a wholly-owned subsidiary of KKB Engineering Berhad, as the Claimant and Global Upline Sdn Bhd, as the Respondent, the Arbitrator has given direction as set out in the Procedural Order No.1, to both parties.

KKB Engineering Berhad ("the Company") wishes to announce that the Company has today, through its Advocates, Messrs. Battenberg & Talma Advocates, served on the Respondent, Global Upline Sdn Bhd, through its Advocates, Messrs. Suhaili & Bong Advocates, and submitted to the Arbitrator and the Kuala Lumpur Regional Centre for Arbitration (KLRCA) its Statement of Claim, together with the bundle of documents.

The Company will announce on any material development in due course.

This announcement is dated 12 April 2013.


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

Announcement Type: Financial Results
Company NameHO WAH GENTING BERHAD  
Stock Name HWGB  
Date Announced12 Apr 2013  
CategoryFinancial Results
Reference NoHW-130412-49509

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

Remarks :
The following amendments haven been incorporated into the announced (unaudited) financial results for the financial year ended 31 December 2012 released on 26 February 2013 for consistency with the presentation in the audited financial statements for the financial year ended 31 December 2011. The amendments have no impact on the earnings, cash flow position and net assets of the Group for the financial year ended 31 December 2012.

NI - Trade and Other Receivables, and Trade and Other Payables

Included in the trade and other receivables, and trade and other payables as announced earlier, is an amount of RM10.584 million being a new trade facility drawndown by a local subsidiary for a foreign sister company. This amount is now eliminated from the Group level to reflect the substance of the arrangement.

N2 - Fixed Deposits with Banks, and Cash and Bank Balances

Being reclassification of pledged fixed deposits of RM0.923 million and sinking funds of RM15.963 million from trade and other receivables.
  • 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
57,267
53,336
243,567
246,655
2Profit/(loss) before tax
-22,562
-7,151
-33,806
-11,229
3Profit/(loss) for the period
-22,562
-6,562
-33,806
-11,354
4Profit/(loss) attributable to ordinary equity holders of the parent
-23,157
-5,363
-32,186
-7,021
5Basic earnings/(loss) per share (Subunit)
-4.27
-1.09
-6.06
-1.50
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 ($$)
0.1600
0.1900
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


WCT - WCT-EXERCISE OF 4,309,501 WARRANTS 2008/2013 ("EXERCISE")

Announcement Type: Listing Circular
Company NameWCT BERHAD  
Stock Name WCT  
Date Announced12 Apr 2013  
CategoryListing Circular
Reference NoNE-130412-56670

LISTING'S CIRCULAR NO. L/Q : 67526 OF 2013

Kindly be advised that the abovementioned Company’s additional 4,309,501 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 16 April 2013


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