June 20, 2013

Company announcements: MYETFDJ, CIMBA40, CIMBC25, AIRASIA, CANONE, AXIATA, NAKA, MAEMODE

MYETFDJ - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25  
Stock Name MYETFDJ  
Date Announced20 Jun 2013  
CategoryGeneral Announcement
Reference NoMD-130620-66953

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 20-06-2013
Fund:MYETFDJ
NAV per unit (RM):1.1485
Units in Circulation (units):256,700,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:1,020.70

Attachments

Daily Fund Values200613.pdf
55 KB



CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced20 Jun 2013  
CategoryGeneral Announcement
Reference NoOB-130620-68255

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 20-Jun-2013
NAV per unit (RM): 1.7000
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,851.93

Attachments

Asean40.pdf
10 KB



CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced20 Jun 2013  
CategoryGeneral Announcement
Reference NoOB-130620-68182

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 20-Jun-2013
NAV per unit (RM): 0.8356
Units in circulation (units): 31,200,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 14,184.20

Attachments

China25.pdf
25 KB



AIRASIA - OTHERS AIRASIA BERHAD - PURCHASE OF AIRCRAFT ENGINES BY AIRASIA BERHAD

Announcement Type: General Announcement
Company NameAIRASIA BERHAD  
Stock Name AIRASIA  
Date Announced20 Jun 2013  
CategoryGeneral Announcement
Reference NoCM-130620-69224

TypeAnnouncement
SubjectOTHERS
DescriptionAIRASIA BERHAD
- PURCHASE OF AIRCRAFT ENGINES BY AIRASIA BERHAD

AirAsia Berhad ("AirAsia" or "the Company") is pleased to announce that it has placed a firm order with CFM International, Inc. ("CFM") for additional CFM engines comprising LEAP-1A engines for 64 A320 NEO aircraft and CFM56-5B engines for 36 A320 CEO aircraft along with 5 CFM56-5B spare engines and 9 LEAP –1A spare engines. The order is inclusive of a 20-year RPFH (Rate per Flight Hour) agreement under the terms of which CFM will guarantee maintenance costs on a dollar per engine flight hour basis for the firm engines ordered. (Collectively the “Engine Purchase Agreement”.)

DETAILS OF THE ENGINE PURCHASE AGREEMENT

The Engine Purchase Agreement is valued at approximately US$ 8.6 billion (based at list price).

RATIONALE FOR THE ENGINES PURCHASE

The engines will be installed to power the Company’s Airbus A320 aircraft order made on 13th December 2012. This will meet the Company’s rapid expansion plan and fleet requirements.

FUNDING FOR THE ENGINES PURCHASE

The funding for the engines purchase will form part of the funding required for the Aircraft Purchase announced by the Company on 14 December 2012 and it will be funded by a combination of borrowings, Company's internal reserves and cash generated by its operations. The external sources of funding include but not limited to export credit guaranteed borrowings, conventional and Islamic commercial loans and sale and leaseback transactions.

FINANCIAL EFFECTS OF THE ENGINES PURCHASE

The engines purchase is not expected to have immediate term financial effects. The engines purchase is expected to contribute positively for the financial year immediately following the first year of its delivery and to the future earnings of the AirAsia Group. The engines purchase is not expected to have an adverse effect on the net assets and the issued and paid-up share capital of the Company.

This transaction is a transaction in the ordinary course of business of the Company.

DIRECTORS’ AND MAJOR SHAREHOLDERS' INTERESTS

None of the directors and/or major shareholders of the Company and persons connected to them, in so far as the existing directors and major shareholders are able to ascertain and are aware, has any interest, direct or indirect, in the Engine Purchase Agreement.

This announcement is dated 20 June 2013.



CANONE - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameCAN-ONE BERHAD  
Stock Name CANONE  
Date Announced20 Jun 2013  
CategoryGeneral Announcement
Reference NoC--130620-66820

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionKUALA LUMPUR HIGH COURT
COMMERCIAL DIVISION
SUIT NO. D8-22-505-2009
DATO’ SEE TEOW CHUAN & 13 OTHERS (“PLAINTIFFS”) -versus-
1. OOI WOON CHEE ("LIQUIDATOR")
2. NG KIM TUCK ("LIQUIDATOR")
3. KPMG CORPORATE SERVICES SDN BHD (COMPANY NO. 462265-P)
4. KPMG (SUED AS A FIRM) (FIRM NO. AF 0758)
5. CAN-ONE INTERNATIONAL SDN BHD (COMPANY NO. 729929-K) (“CISB”)

We refer to our announcement dated 6 June 2013 in respect of the above matter.

The Kuala Lumpur High Court Judge was informed that the above parties cannot agree as to costs and asked that another date be fixed for the parties to submit on the issue of costs. The said Judge struck out the Plaintiffs' Writ and Statement of Claim and CISB's application to strike out the Plaintiff's Statement of Claim save and except for the issue of costs.

The said Judge accordingly fixed 11 July 2013 for next mention for parties to update the Court as to the issue on costs.


This announcement is dated 20 June 2013.


AXIATA - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced20 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAG-130619-FC97D

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holder1) Employees Provident Fund Board ("EPF Board")
Ibu Pejabat KWSP, Bangunan KWSP
Jalan Raja Laut, 50350 Kuala Lumpur

2) Citigroup Nominees (Tempatan) Sdn Bhd ("Citigroup") EPF Board
3) Citigroup EPF Board (AMUNDI)
4) Citigroup EPF Board (KIB)
5) Citigroup EPF Board (HDBS)
6) Citigroup EPF Board (RHB INV)
7) Citigroup EPF Board (AM INV)
8) Citigroup EPF Board (MAYBAN)
9) Citigroup EPF Board (ALLIANCE)
10) Citigroup EPF Board (NOMURA)
11) Citigroup EPF Board (CIMB PRI)
12) Citigroup EPF Board (ARIM)
13) Citigroup EPF Board (TEMPLETON)
14) Citigroup EPF Board (ABERDEEN)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed14/06/2013
2,460,800
 
Acquired14/06/2013
75,000
 
Disposed14/06/2013
353,000
 

Circumstances by reason of which change has occurred1. Citigroup EPF Board - Disposal of 2,460,800 shares
2. Citigroup EPF Board (MAYBAN) - Acquisition of 75,000 shares
3. Citigroup EPF Board (CIMB PRI) - Disposal of 353,000 shares
Nature of interestDirect
Direct (units)1,021,287,206 
Direct (%)11.97 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,021,287,206
Date of notice17/06/2013

Remarks :
1) The total number of 1,021,287,206 ordinary shares comprised of the following:-

a) Citigroup EPF Board - 910,027,406
b) EPF Board - 3,332,900
c) Citigroup EPF Board (AMUNDI) - 4,920,250
d) Citigroup EPF Board (KIB) - 660,000
e) Citigroup EPF Board (HDBS) - 9,254,775
f) Citigroup EPF Board (RHB INV) - 3,000,000
g) Citigroup EPF Board (AM INV) - 12,272,650
h) Citigroup EPF Board (MAYBAN) - 2,465,000
i) Citigroup EPF Board (ALLIANCE) - 2,050,000
j) Citigroup EPF Board (NOMURA) - 39,396,300
k) Citigroup EPF Board (CIMB PRI) - 21,800,725
l) Citigroup EPF Board (ARIM) - 2,700,000
m) Citigroup EPF Board (TEMPLETON) - 4,007,200
n) Citigroup EPF Board (ABERDEEN) - 5,400,000

2) Form 29B received on 19 June 2013


NAKA - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameNAKAMICHI CORPORATION BERHAD  
Stock Name NAKA  
Date Announced20 Jun 2013  
CategoryGeneral Announcement
Reference NoCA-130620-65518

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionNakamichi Corporation Berhad
- Litigation of a subsidiary

Further to our announcement on 22 March 2013, the Board of Directors of Nakamichi Corporation Berhad (“NCB” or the “Company”) wishes to inform that Tamabina Sdn. Bhd.’s (“TSB”), a 51% owned and a major subsidiary of NCB, application to set aside the Judgment in Default of Appearance has been dismissed with cost. Kini Abadi Sdn. Bhd. (“KASB”) has through their solicitors, William Liaw, Chan & Co to demand TSB to pay KASB the Judgment Sum of RM393,145.94 and interest totalling in the sum of RM401,483.34, within 7 days from their letter dated 17 June 2013.

TSB will seek legal advice whether to file an appeal to the Court of Appeal.

The Company will announce further developments on the above matter as and when necessary.

The announcement is dated 20 June 2013.



MAEMODE - PRACTICE NOTE 1 / GUIDANCE NOTE 5:NEW DEFAULT

Announcement Type: General Announcement
Company NameMALAYSIAN AE MODELS HOLDINGS BERHAD  
Stock Name MAEMODE  
Date Announced20 Jun 2013  
CategoryGeneral Announcement
Reference NoCC-130620-67513

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
NEW DEFAULT
DescriptionMALAYSIAN AE MODELS HOLDINGS BERHAD ("MAEMODE" or "The Company") (Receiver and Manager Appointed)
- Default in Payments under Practice Note 1 of the Listing Requirements of Bursa Malaysia Securities Berhad

The Company wishes to announce that the Company has failed to service the monthly fixed repayment amounting to RM16,101,831.49 as at 31 May 2013 in respect of the Facility Agreement (Syndicated Term Loan Facility of up to RM100.0 Million). The event of default has triggered the demand from the financiers on the full outstanding amount of RM96,082,818.51 as at 31st May 2013.

a. The Company did not have sufficient fund to settle the principal and interest of the term loan owing to the bond holders.

b. The default will empower the debenture holder to appoint a receiver or receiver and manager.

c. At our best knowledge, the Company is of the view that the default of payment does not constitute an event of default under a different agreement for indebtedness (cross default).

In addition, the Company wishes to inform that the event leading to the appointment of Receiver and Manager is the Company failed to settle the outstanding amount owing to the bond holder for the above-mentioned facility.

This announcement is made on 20 June 2013.



MAEMODE - PRACTICE NOTE 17 / GUIDANCE NOTE 3:FIRST ANNOUNCEMENT

Announcement Type: General Announcement
Company NameMALAYSIAN AE MODELS HOLDINGS BERHAD  
Stock Name MAEMODE  
Date Announced20 Jun 2013  
CategoryGeneral Announcement
Reference NoCC-130620-67176

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
FIRST ANNOUNCEMENT
DescriptionMALAYSIAN AE MODELS HOLDINGS BERHAD ("MAEMODE" or "The Company") (Receiver and Manager Appointed)
- Announcement Pursuant to Practice Note 17 of The Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“First Announcement”)

1. INTRODUCTION

Malaysian AE Models Holdings Berhad (“MAEMODE” or “the Company”) hereby announces that MAEMODE is to be considered an Affected Listed Issuer pursuant to Practice Note 17 of the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) as it has triggered Paragraph 2.1 (b) of the PN17.

Pursuant to the Company’s announcement dated 20 June 2013, a Receiver and Manager has been appointed over the asset and undertakings of the listed issuer which asset accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis under the terms of the Debenture dated 19th April 2012 executed between the Company and Joint-Lead Arrangers i.e. RHB Bank Berhad (as facility agent) and Malayan Banking Berhad (as security agent).

2. OBLIGATIONS OF THE COMPANY AS AN AFFECTED LISTED ISSUER

Pursuant to PN17, the Company as an affected listed issuer is required to comply with the following:-

i) within 12 months from the date of the First Announcement

(a) submit a regularisation plan to the Securities Commission (“SC”) if the plan will result in a significant change in the business direction or policy of the Company; or submit a regularisation plan to Bursa Malaysia Securities Berhad (“Bursa Malaysia”)
(b)
if the plan will not result in a significant change in the business direction or policy of the Company, and obtain Bursa Malaysia’s approval to implement the plan

ii) implement the regularisation plan within the time frame stipulated by the SC or Bursa Malaysia, as the case may be;

iii) announce within three (3) months from this First Announcement, on whether the regularisation plan will result in a significant change in the business direction or policy of the Company;

iv) announce the status of its regularisation plan and the number of months to the end of the relevant time frames referred in Paragraphs 5.1 and 5.2 in PN17, as may be applicable, on a monthly basis until further notice from Bursa Malaysia;

v) announce its compliance or non-compliance with a particular obligation imposed pursuant to PN17, on an immediate basis;

vi) announce the details of the regularisation plan (“Requisite Announcement”) and sufficient information to demonstrate that the Company is able to comply with all the requirements set out in Paragraph 3.1 of PN17 after implementation of the regularisation plan, which shall include a timetable for the complete implementation of the regularisation plan. The Requisite Announcement must be made by the Company’s Principal Adviser; and
vii) where the Company fails to regularise its condition, it will announce the dates of suspension and de-listing of its listed securities immediately upon notification of suspension and de-listing by Bursa Malaysia;


3. CONSEQUENCE OF NON-COMPLIANCE

In the event the Company fails to comply with the obligations to regularise its condition, all its listed securities will be suspended from trading on the next market day after five (5) market days from the date of notification of suspension and de-listing by Bursa Malaysia and de-listing procedures shall be taken against the Company, subject to the Company’s right to appeal against the de-listing.

4. STATUS OF PLAN TO REGULARISE CONDITION

The Company is endeavoured in formulating a Regularisation Plan and shall announce the plan to Bursa Securities upon finalisation.

This announcement is dated 20 June 2013.



MAEMODE - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameMALAYSIAN AE MODELS HOLDINGS BERHAD  
Stock Name MAEMODE  
Date Announced20 Jun 2013  
CategoryGeneral Announcement
Reference NoCC-130620-66864

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionMALAYSIAN AE MODELS HOLDINGS BERHAD ("MAEMODE" or "The Company") (Receiver and Manager Appointed)
- Notice of Appointment of Receiver and Manager

The Company was served with the Notice of Appointment of Receiver and Manager stating that on 19 June 2013, a Receiver and Manager has been appointed over the charged assets and undertakings of Malaysian AE Models Holdings Berhad under the terms of the Debenture dated 19th April 2012 executed between the Company and and Joint-Lead Arrangers i.e. RHB Bank Berhad (as facility agent) and Malayan Banking Berhad (as security agent).

(a) MAEMODE, a company incorporated in Malaysia on 8th May 1992 with an authorised capital of RM200,000,000.00 divided into 200,000,000 ordinary shares of RM1.00 each and a paid-up capital of RM107,006,868.00 divided into 107,006,868 ordinary shares of RM1.00 each. The Group is principally engaged in investment holdings and manufacturing, installation and marketing of material handling and conveyor systems and parts.

(b) Based on the audited financial statements of the Company for the financial year ended 31 May 2012, the net book value of the affected assets and floating assets is approximately RM726 million.

(c) The Company has failed to service the monthly fixed repayment amounting to RM16,101,831.49 as at 31 May 2013 in respect of the Facility Agreement (Syndicated Term Loan Facility of up to RM100.0 Million). The event of default has triggered the demand from the financiers on the full outstanding amount of RM96,082,818.51 as at 31st May 2013.


(d) With the appointment of Receiver and Manager, the Company is of the opinion that there are material financial and operational impact on the operations of the Company and the Group.

(e) The Company is not able to quantify at this moment the losses that would arise.

This announcement is made on 20 June 2013.



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