June 11, 2013

Company announcements: GTRONIC, BORNOIL, MAGNI, SMPC, FAVCO, GLOBALC, PRLEXUS

GTRONIC - Changes in Director's Interest (S135) - Ng Kok Khuan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced11 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130611-725AC

Information Compiled By KLSE

Particulars of Director

NameNg Kok Khuan
Address66B Penang Street, 10200 Penang
Descriptions(Class & nominal value)Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
06/06/2013
6,000
2.110 
Acquired
07/06/2013
6,000
2.110 
Disposed
10/06/2013
1,194,000
2.140 

Circumstances by reason of which change has occurredOpen market purchases and off marked disposals via Glencare Sdn Bhd
Nature of interestDeemed
Consideration (if any) 

Total no of securities after change

Direct (units)40,000 
Direct (%)0.01 
Indirect/deemed interest (units)2,937,713 
Indirect/deemed interest (%)1.06 
Date of notice11/06/2013

Remarks :
The total percentage of securities acquired is negligible and disposed is 0.43%. This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


GTRONIC - Changes in Sub. S-hldr's Int. (29B) - Malaysian Technology Development Corporation Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced11 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130611-72AA2

Particulars of substantial Securities Holder

NameMalaysian Technology Development Corporation Sdn Bhd
AddressLevel 8 Menara Yayasan Tun Razak, Jalan Bukit Bintang, 55100 Kuala Lumpur
NRIC/Passport No/Company No.235796-U
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1) Malaysian Technology Development Corporation Sdn Bhd of Level 8 Menara Yayasan Tun Razak, Jalan Bukit Bintang, 55100 Kuala Lumpur
2) Wiserite Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang
3) Glencare Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/06/2013
6,000
 
Acquired07/06/2013
6,000
 
Disposed10/06/2013
1,194,000
 

Circumstances by reason of which change has occurredOpen market purchases and off market disposals via Glencare Sdn Bhd
Nature of interestDeemed
Direct (units)121,199 
Direct (%) 
Indirect/deemed interest (units)53,239,941 
Indirect/deemed interest (%) 
Total no of securities after change53,361,140
Date of notice11/06/2013


BORNOIL - Changes in Sub. S-hldr's Int. (29B) - Lim Nyuk Sang @ Freddy Lim

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBORNEO OIL BERHAD  
Stock Name BORNOIL  
Date Announced11 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBO-130610-56269

Particulars of substantial Securities Holder

NameLim Nyuk Sang @ Freddy Lim
AddressLot 12, Detached House, Mile 5 1/2,
Tyng Garden, P.O. Box : 892,
90710 Sandakan, Sabah.
NRIC/Passport No/Company No.520113-12-5299
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderMaybank Nominees (Tempatan) Sdn Bhd
(Mayban Norms Account for Lim Nyuk Sang @
Freddy Lim)
14th Floor, Menara Maybank,
100, Jalan Tun Perak, Kuala Lumpur.

Alliancegroup Nominees (Tempatan) Sdn Bhd
(pledged securities account for Lim Nyuk Seng @ Freddy Lim)
17th Floor, Menara Multi Purpose
Capital Square
No. 8, Jalan Munshi Abdullah
50100 Kuala Lumpur

Lim Nyuk Sang @ Freddy Lim
Lot 12, Detached House, Mile 5 1/2,
Tyng Garden, P.O. Box : 892,
90710 Sandakan, Sabah.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired04/06/2013
3,645,400
0.447 

Circumstances by reason of which change has occurredAcquired / Disposed through open market
Nature of interestDirect interest
Direct (units)3,645,400 
Direct (%)9.4 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change18,737,600
Date of notice10/06/2013


MAGNI - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameMAGNI-TECH INDUSTRIES BERHAD  
Stock Name MAGNI  
Date Announced11 Jun 2013  
CategoryGeneral Announcement
Reference NoCC-130611-CDE9C

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionNotification of dealings by a Director in the securities of Magni-Tech Industries Berhad ("Magni" or "the Company") during closed period.
In accordance with paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Tan Sri Dato' Seri Tan Kok Ping, a Director of Magni had transacted dealings in the securities of Magni during closed period. The details as set out in the Table below.

Name of Director : Tan Sri Dato' Seri Tan Kok Ping

Open market purchases
Date
Price
(RM per share)
No. of shares
acquired
% of shares
acquired
10.06.2013
2.0279
64,300
0.06

This announcement is dated 11 June 2013.


MAGNI - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dato' Seri Tan Kok Ping

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAGNI-TECH INDUSTRIES BERHAD  
Stock Name MAGNI  
Date Announced11 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130611-738CE

Particulars of substantial Securities Holder

NameTan Sri Dato' Seri Tan Kok Ping
Address10 Jesselton Road, 10450 Penang
NRIC/Passport No/Company No.461117-71-5053
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holder1) Mayban Nominees (Tempatan) Sdn. Bhd. of 14th Floor, Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur
2) UOB Kay Hian Securities (M) Sdn. Bhd. ("UOB") of 1st Floor, Bangunan Heng Guan, 171 Jalan Burmah, 10050 Penang
3) UOB of 1st Floor, Bangunan Heng Guan, 171 Jalan Burmah, 10050 Penang (Pledged securities account for KP Holdings Sdn. Bhd.)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed10/06/2013
64,300
 

Circumstances by reason of which change has occurredOpen market disposals
Nature of interestDirect
Direct (units)7,091,727 
Direct (%)6.54 
Indirect/deemed interest (units)14,149,639 
Indirect/deemed interest (%)13.04 
Total no of securities after change21,241,366
Date of notice11/06/2013


MAGNI - Changes in Director's Interest (S135) - Tan Sri Dato' Seri Tan Kok Ping

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMAGNI-TECH INDUSTRIES BERHAD  
Stock Name MAGNI  
Date Announced11 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130611-73B55

Information Compiled By KLSE

Particulars of Director

NameTan Sri Dato' Seri Tan Kok Ping
Address10 Jesselton Road, 10450 Penang
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)
Disposed
10/06/2013
64,300
2.028 

Circumstances by reason of which change has occurredOpen market disposals
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)7,091,727 
Direct (%)6.54 
Indirect/deemed interest (units)15,665,139 
Indirect/deemed interest (%)14.44 
Date of notice11/06/2013


SMPC - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameSMPC CORPORATION BHD  
Stock Name SMPC  
Date Announced11 Jun 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-130611-42262

Date of buy back11/06/2013
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)545,100
Minimum price paid for each share purchased ($$)0.840
Maximum price paid for each share purchased ($$)0.845
Total consideration paid ($$)459,853.02
Number of shares purchased retained in treasury (units)545,100
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)2,697,200
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 (%)5.56

Remarks :
This announcement is dated 11 June 2013.


FAVCO - OTHERS FAVELLE FAVCO BERHAD ("FFB" or "the Company") ACCEPTANCE OF PURCHASE ORDERS

Announcement Type: General Announcement
Company NameFAVELLE FAVCO BERHAD  
Stock Name FAVCO  
Date Announced11 Jun 2013  
CategoryGeneral Announcement
Reference NoCC-130611-52916

TypeAnnouncement
SubjectOTHERS
DescriptionFAVELLE FAVCO BERHAD ("FFB" or "the Company")
ACCEPTANCE OF PURCHASE ORDERS

INTRODUCTION

The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiaries,
Favelle Favco Cranes Pte Ltd, Favelle Favco Cranes Pty Ltd and Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the months of May 2013 and June 2013:-

Contracts secured by

Customer

Brief description of the Contracts

Duration of the Contracts

Favelle Favco Cranes Pte Ltd

Keppel Fels Limited

Supply of Offshore Crane

which is expected to be delivered from early 2014 to third quarter of 2014

Favelle Favco Cranes (M) Sdn Bhd

China Merchants Heavy Industry (Shenzhen) Co., Ltd

Supply of Offshore Crane

which is expected to be delivered by third quarter of 2014

Favelle Favco Cranes Pty Ltd

Marr Contracting Pty Ltd

Supply of Tower Crane

which is expected to be delivered by third quarter of 2013

Favelle Favco Cranes (M) Sdn Bhd

Jiangsu ZhenJiang Shipyard (Group) Co. Ltd

Supply of Offshore Crane

which is expected to be delivered by third quarter of 2014

Favelle Favco Cranes Pte Ltd

PPL Shipyard Pte Ltd

Supply of Offshore Crane

which is expected to be delivered by end of 2014

Favelle Favco Cranes (M) Sdn Bhd

Rongsheng Offshore & Marine Pte Ltd

Supply of Offshore Crane

which is expected to be delivered by mid of 2014

The approximate combined value of the above substantial orders secured amount to RM161.1 million.

FINANCIAL EFFECTS

The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2013 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts.

DIRECTORS' STATEMENT

The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts are in the best interest of FFB.

This announcement is dated 11 June 2013.



GLOBALC - PRACTICE NOTE 17 / GUIDANCE NOTE 3:OTHERS

Announcement Type: General Announcement
Company NameGLOBAL CARRIERS BERHAD  
Stock Name GLOBALC  
Date Announced11 Jun 2013  
CategoryGeneral Announcement
Reference NoGC-130611-38012

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
DescriptionGLOBAL CARRIERS BHD ("GCB" or "the Company")
ANNOUNCEMENT PURSUANT TO PARAGRAPH 4.1 (b) OF THE PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Further to the First Announcement made on 1 March 2013 and subsequent announcement made on 29 March 2013, 30 April 2013 and 31 May 2013, the Board of Directors of GCB wishes to inform that the Company is presently in the midst of formulating a regularisation plan to address its PN17 status.
Pursuant to Paragraph 4.1 (b) of PN17, the Board of GCB anticipates that the Regularisation Plan will not result in a significant change in the business direction or policy presently adopted by the Company.

This announcement is dated 11 June 2013.


PRLEXUS - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NamePROLEXUS BERHAD  
Stock Name PRLEXUS  
Date Announced11 Jun 2013  
CategoryGeneral Announcement
Reference NoCC-130610-3F13F

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionNotification of dealings by a Director in the securities of Prolexus Berhad ("PROLEXUS" or "the Company") during closed period.
In accordance with paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Khadmudin Bin Hj. Mohamed Rafik, a Director of PROLEXUS had transacted dealings in the securities of PROLEXUS during closed period.
The details as set out in the Table below.

Name of Director : Khadmudin Bin Hj. Mohamed Rafik

Date
Price
(RM per share)
No. of shares
Disposed
% of shares
Disposed
10.06.2013
1.88
2,000
0.01
10.06.2013
1.95
2,000
0.01


This announcement is dated 11 June 2013.


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