May 2, 2013

Company announcements: NEXTNAT, LIENHOE, TAGB, LATEXX, HLSCORP, TOMYPAK, POLY

NEXTNAT - PROPOSED ACQUISION OF 39,356,250 ORDINARY SHARES OF PT GOLDCHILD INTEGRITAS ABADI ("GIA"), REPRESENTING 1.5% EQUITY INTEREST IN GIA, FROM PT BINA TANJUNG NUSANTARA FOR A CASH CONSIDERATION OF APPROXIMATELY RM13.79 MILLION ("PROPOSED ACQUISITION")

Announcement Type: General Announcement
Company NameNEXTNATION COMMUNICATION BERHAD (ACE Market) 
Stock Name NEXTNAT  
Date Announced2 May 2013  
CategoryGeneral Announcement
Reference NoCS-130502-8C470

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-130426-43972
SubjectPROPOSED ACQUISION OF 39,356,250 ORDINARY SHARES OF PT GOLDCHILD INTEGRITAS ABADI ("GIA"), REPRESENTING 1.5% EQUITY INTEREST IN GIA, FROM PT BINA TANJUNG NUSANTARA FOR A CASH CONSIDERATION OF APPROXIMATELY RM13.79 MILLION ("PROPOSED ACQUISITION")
DescriptionNEXTNATION COMMUNICATION BERHAD ("NEXTNATION" OR "THE COMPANY")
- ACQUISITION OF SALE SHARES
Query Letter Contents We refer to the Company's announcement dated 25 April 2013, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

The net profits and net assets of GIA based on its latest audited accounts.
The prospects of GIA.
The expected commencement date of supply of coal from GIA to Nextgram Resources
Sdn Bhd ("NRSB").
Whether NRSB has procured buyers/customers for the coal, and the basis for the
selling price of the coal.
The source(s) of funds to finance the cost of acquiring coal from GIA, and the
breakdown thereof.
The amount of capital to be invested in the coal-trading business and sources
of funds, including the breakdown thereof.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully

TAN YEW ENG
Head, Issuers
Listing Division, Regulation
TYE /NMA
c.c.General Manager & Head Market Surveillance Department, Market Oversight
Division,Securities Commission (via fax)
The Board of Directors of Nextnation wishes to append herewith the following additional information in relation to the Company’s announcement made on 25 April 2013.
(1) The net profits and net assets of PT Goldchild Integritas Abadi (“GIA”) based on its latest audited accounts.

Based on the latest audited accounts of GIA for the financial year ended 31 December 2012, the net profit and net assets were IDR9,105,460,931 (approximately RM2,899,000) and IDR325,883,728,970 (approximately RM103,784,000) respectively.
    (2) The prospects of GIA.

        GIA is looking into acquiring several more coal mines to complete its portfolio before embarking on a fund raising exercise, including a proposed initial public offering (“IPO”) on the Indonesia Stock Exchange or other suitable regional exchanges within a period of 24 or 36 months. Over the next 12 months and going forward, GIA’s growth would be underpinned by its coal mines in South and East Kalimantan and coal trading businesses. Funds for further expansion would be raised from regional private equity investors and lenders. This investment into GIA provides the NCB Group an opportunity to participate in the growth of the resources sector, in particular coal mining in Indonesia.
    (3) The expected commencement date of supply of coal from GIA to Nextgram Resources Sdn Bhd (“NRSB”).

        The commencement date of coal from GIA to NRSB is expected to be sometimes in the third or fourth Quarter of 2013.
    (4) Whether NRSB has procured buyers/customers for the coal, and the basis for the selling price of the coal.

        NRSB has commenced its search for coal buyers within the region, and it is the intention of NRSB to acquire coal from GIA only upon NRSB procuring ready committed buyers, so as to eliminate the risk of large unsold inventories. The selling price would be based on the market price of Indonesian coal of similar quality. Such prices are usually benchmarked off indexes such as the Indonesia Coal Index or Newcastle Coal Index.
    (5) The source (s) of the funds to finance the cost of acquiring coal from GIA, and the breakdown thereof.

        The sources of funds to finance the cost of acquiring coal would be internally generated funds and bank borrowings. The breakdown or ratio would be about 40% to 50% with internally generated funds and the balance with bank borrowings.

    (6) The amount of capital to be invested in the coal-trading business and sources of funds, including the breakdown thereof.

        The estimated amount of investment, which comprises the working capital required for the coal trading business, is approximately USD3.5 million or about RM10.5 million per month (based on the exchange rate of USD1.00 = RM3.00), out of which about RM4.0 million to RM5.0 million would be sourced from internally generated funds with the balance from bank borrowings or credit facilities.
    This announcement dated 2 May 2013.


    LIENHOE - OTHERS PROPOSED RENEWAL OF SHAREHOLDERS’ APPROVAL FOR SHARE BUY-BACK

    Announcement Type: General Announcement
    Company NameLIEN HOE CORPORATION BERHAD  
    Stock Name LIENHOE  
    Date Announced2 May 2013  
    CategoryGeneral Announcement
    Reference NoLH-130502-35633

    TypeAnnouncement
    SubjectOTHERS
    DescriptionPROPOSED RENEWAL OF SHAREHOLDERS’ APPROVAL FOR SHARE BUY-BACK

    The Board of Directors of Lien Hoe Corporation Berhad (“the Company”) wishes to announce that the Company intends to seek approval from its shareholders on the proposed renewal of shareholders’ approval for share buy-back of up to 10% of the issued and paid up share capital of the Company.

    Documents setting out details of the above proposals will be dispatched to the shareholders together with the Company’s annual report in due course.

    This announcement is dated 2 May 2013.



    TAGB - Additional Listing Announcement

    Announcement Type: Additional Listing Announcement (ALA)
    Company NameTA GLOBAL BERHAD  
    Stock Name TAGB  
    Date Announced2 May 2013  
    CategoryAdditional Listing Announcement (ALA)
    Reference NoTG-130430-4E5D5

    1. Details of Corporate Proposal

    Whether the corporate proposal involves the issuance of new type
    and new class of securities?
    No
    Types of corporate proposalOthers
    Details of corporate proposalConversion of Irredeemable Convertible Preference Shares ("ICPS") into ordinary shares
    No. of shares issued under this corporate proposal340,900
    Issue price per share ($$)MYR 0.500
    Par Value ($$)MYR 0.500
    Latest issued and paid up share capital after the above corporate proposal in the following
    Units4,803,394,765
    CurrencyMYR 2,401,697,382.500
    Listing Date03/05/2013

    Remarks :
    Conversion shall be satisfied by way of the Mode of Conversion as set out in TA Global Berhad's Prospectus dated 30 October 2009. No cash outlay is required by the holders of ICPS upon conversion of the ICPS into TA Global Berhad's ordinary shares.


    LATEXX - OTHERS LATEXX PARTNERS BERHAD (“LATEXX” OR THE “COMPANY”) UNCONDITIONAL TAKE-OVER OFFER BY RHB INVESTMENT BANK BERHAD, ON BEHALF OF SEMPERIT INVESTMENTS ASIA PTE. LTD. (“SIA” OR “OFFEROR”) (“EXIT OFFER”) DISCLOSURE OF DEALINGS IN ACCORDANCE WITH SECTION 33 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010

    Announcement Type: General Announcement
    Company NameLATEXX PARTNERS BERHAD  
    Stock Name LATEXX  
    Date Announced2 May 2013  
    CategoryGeneral Announcement
    Reference NoCG-130502-880C4

    TypeAnnouncement
    SubjectOTHERS
    DescriptionLATEXX PARTNERS BERHAD (“LATEXX” OR THE “COMPANY”)

    UNCONDITIONAL TAKE-OVER OFFER BY RHB INVESTMENT BANK BERHAD, ON BEHALF OF SEMPERIT INVESTMENTS ASIA PTE. LTD. (“SIA” OR “OFFEROR”) (“EXIT OFFER”)

    DISCLOSURE OF DEALINGS IN ACCORDANCE WITH SECTION 33 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010

    We refer to the announcement dated 4 February 2013 in relation to the Proposed Exit Offer.

    We wish to announce that the Company had received a notification from RHB Investment Bank Berhad, on behalf of the Offeror, that Semperit Investments Asia Pte. Ltd. has dealt in Latexx Shares.

    A copy of the notice is attached.

    This announcement is dated 2 May 2013.


       


    HLSCORP - PRACTICE NOTE 17 / GUIDANCE NOTE 3:SUSPENSION AND/OR DELISTING

    Announcement Type: General Announcement
    Company NameHOCK LOK SIEW CORPORATION BHD  
    Stock Name HLSCORP  
    Date Announced2 May 2013  
    CategoryGeneral Announcement
    Reference NoCC-130501-34343

    TypeAnnouncement
    SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
    SUSPENSION AND/OR DELISTING
    DescriptionHock Lok Siew Corporation Bhd. ("HLSCORP" or "the Company")
    - Suspension And/or De-Listing of Securities of HLSCORP

    The Board of Directors of HLSCORP wishes to announce that the Company had on 30 April 2013 received a suspension and de-listing notice dated 30 April 2013 from Bursa Malaysia Securities Berhad ("Bursa Securities"). Bursa Securities noted that the Company had failed to submit a regularisation plan to Bursa Securities for approval within 12 months from the Company's First Announcement in accordance with paragraph 8.04(3)(a)(i) of the Main Market Listing Requirements of Bursa Securities on or before 29 April 2013.

    In the circumstances and pursuant to paragraph 8.04(5) of the Main LR :-

    (a) the trading in the securities of the Company will be suspended with effect from 9 May 2013; and

    (b) the securities of the Company will be de-listed on 13 May 2013 unless an appeal against the de-listing is submitted to Bursa Securities on or before 8 May 2013 ("the Appeal Timeframe"). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

    In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 13 May 2013 shall be deferred pending the decision on the Company’s appeal.

    With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

    Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

    Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.

    This announcement is dated 2 May 2013.



    TOMYPAK - Changes in Sub. S-hldr's Int. (29B) - HALLEY SICAV-HALLEY ASIAN PROPERTY

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NameTOMYPAK HOLDINGS BERHAD  
    Stock Name TOMYPAK  
    Date Announced2 May 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCC-130502-94B30

    Particulars of substantial Securities Holder

    NameHALLEY SICAV-HALLEY ASIAN PROPERTY
    Address7A RUE ROBERT STUEMPER, L-2557 LUXEMBOURG.
    NRIC/Passport No/Company No.2012 45 00 789
    Nationality/Country of incorporationLUXEMBOURG
    Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
    Name & address of registered holderKBL EURO PB FOR HALLEY SICAV-HALLEY ASIAN PROPERTY
    NO. 2 LEBOH AMPANG, 50100 KUALA LUMPUR, WILAYAH PERSEKUTUAN MALAYSIA.

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired25/04/2013
    676,100
     
    Acquired26/04/2013
    540,000
     
    Acquired29/04/2013
    318,200
     
    Acquired30/04/2013
    206,500
     

    Circumstances by reason of which change has occurredACQUISITION.
    Nature of interestDIRECT.
    Direct (units)7,580,000 
    Direct (%)6.94 
    Indirect/deemed interest (units)
    Indirect/deemed interest (%)
    Total no of securities after change7,580,000
    Date of notice30/04/2013


    POLY - Changes in Sub. S-hldr's Int. (29B) - Equaplus Sdn Bhd (Amended Announcement)

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NamePOLY GLASS FIBRE (M) BERHAD  
    Stock Name POLY  
    Date Announced2 May 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCC-130502-F7C34

    Particulars of substantial Securities Holder

    NameEquaplus Sdn Bhd
    AddressSuite 12-A, Level 12 Menara Northam
    No 55 Jalan Sultan Ahmad Shah
    10050 Penang
    NRIC/Passport No/Company No.165540-K
    Nationality/Country of incorporationMalaysia
    Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
    Name & address of registered holderEquaplus Sdn Bhd
    Suite 12-A, Level 12 Menara Northam
    No 55 Jalan Sultan Ahmad Shah
    10050 Penang

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired29/04/2013
    8,000
    0.320 

    Circumstances by reason of which change has occurredOpen Market Acquisition
    Nature of interestDirect
    Direct (units)80,979,900 
    Direct (%)50.62 
    Indirect/deemed interest (units)
    Indirect/deemed interest (%)
    Total no of securities after change80,979,900
    Date of notice30/04/2013

    Remarks :
    The date of transaction should be read as 29 April 2013 instead of 30 April 2013 as released earlier.


    POLY - Changes in Sub. S-hldr's Int. (29B) - Fong Wah Kai (Amended Announcement)

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NamePOLY GLASS FIBRE (M) BERHAD  
    Stock Name POLY  
    Date Announced2 May 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCC-130502-F7C33

    Particulars of substantial Securities Holder

    NameFong Wah Kai
    Address86 Jalan Bandar
    50000 Kuala Lumpur
    NRIC/Passport No/Company No.471224-02-5241
    Nationality/Country of incorporationMalaysian
    Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
    Name & address of registered holderEquaplus Sdn Bhd
    Suite 12-A, Level 12 Menara Northam
    No 55 Jalan Sultan Ahmad Shah
    10050 Penang

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired29/04/2013
    8,000
    0.320 

    Circumstances by reason of which change has occurredOpen Market Acquisition
    Nature of interestDeemed
    Direct (units)6,798,800 
    Direct (%)4.25 
    Indirect/deemed interest (units)80,979,900 
    Indirect/deemed interest (%)50.62 
    Total no of securities after change87,778,700
    Date of notice30/04/2013

    Remarks :
    The date of transaction should be read as 29 April 2013 instead of 30 April 2013 as released earlier.


    POLY - Changes in Director's Interest (S135) - Fong Wah Kai (Amended Announcement)

    Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Company NamePOLY GLASS FIBRE (M) BERHAD  
    Stock Name POLY  
    Date Announced2 May 2013  
    CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Reference NoCC-130502-F7C32

    Information Compiled By KLSE

    Particulars of Director

    NameFong Wah Kai
    Address86 Jalan Bandar
    50000 Kuala Lumpur
    Descriptions(Class & nominal value)Ordinary Shares of RM1.00 each

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transaction
    Date of change
    No of securities
    Price Transacted (RM)
    Acquired
    29/04/2013
    8,000
    0.320 

    Circumstances by reason of which change has occurredOpen Market Acquisition
    Nature of interestDeemed
    Consideration (if any)RM0.320 per share 

    Total no of securities after change

    Direct (units)6,798,800 
    Direct (%)4.25 
    Indirect/deemed interest (units)80,979,900 
    Indirect/deemed interest (%)50.62 
    Date of notice30/04/2013

    Remarks :
    The date of transaction should be read as 29 April 2013 instead of 30 April 2013 as released earlier.


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