June 14, 2013

Company announcements: ORIENT, TWSCORP, MERGE, UNICO, AIRASIA, WASEONG, SEALINK

ORIENT - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management Asia Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameORIENTAL HOLDINGS BERHAD  
Stock Name ORIENT  
Date Announced14 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130614-CD889

Particulars of substantial Securities Holder

NameAberdeen Asset Management Asia Limited
Address21 Church Street #01-01
Capital Square Two
Singapore 049480
NRIC/Passport No/Company No.199105448E
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary stocks of RM1.00 each
Name & address of registered holderNorthern Trust - Chicago

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired12/06/2013
28,800
 

Circumstances by reason of which change has occurreda) Acquisition of shares

b) An investment position taken in connection with Aberdeen Asset Management Asia Limited's ordinary business in fund management.
Nature of interestDirect interest
Direct (units)54,817,600 
Direct (%)8.84 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change54,817,600
Date of notice13/06/2013

Remarks :
This notice was received on 14 June 2013.


ORIENT - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management Asia Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameORIENTAL HOLDINGS BERHAD  
Stock Name ORIENT  
Date Announced14 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130614-CB5C2

Particulars of substantial Securities Holder

NameAberdeen Asset Management Asia Limited
Address21 Church Street #01-01
Capital Square Two
Singapore 049480
NRIC/Passport No/Company No.199105448E
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary stocks of RM1.00 each
Name & address of registered holderNorthern Trust - Chicago

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired11/06/2013
49,200
 

Circumstances by reason of which change has occurreda) Acquisition of shares

b) An investment position taken in connection with Aberdeen Asset Management Asia Limited's ordinary business in fund management.
Nature of interestDirect interest
Direct (units)54,788,800 
Direct (%)8.83 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change54,788,800
Date of notice12/06/2013

Remarks :
This notice was received on 14 June 2013.


ORIENT - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc. ("MUFG")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameORIENTAL HOLDINGS BERHAD  
Stock Name ORIENT  
Date Announced14 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130614-D62B1

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group, Inc. ("MUFG")
Address7-1, Marunouchi 2-Chome
Chiyoda-ku, Tokyo, 100-8330
Japan
NRIC/Passport No/Company No.NIL
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary stocks of RM1.00 each
Name & address of registered holderMorgan Stanley & Co. International plc
25 Cabot Square, Canary
Wharf, London E14 4QA

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired10/06/2013
1,800
 

Circumstances by reason of which change has occurreda) Acquisition of shares by Morgan Stanley Group.

MUFG is deemed interested in the shares by virtue of:-
b) MUFG's holding more than 15% interest in Morgan Stanley Group.
Nature of interestIndirect interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)66,688,000 
Indirect/deemed interest (%)10.75 
Total no of securities after change66,688,000
Date of notice13/06/2013

Remarks :
This Notice was received on 14 June 2013.


ORIENT - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management PLC and its subsidiaries

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameORIENTAL HOLDINGS BERHAD  
Stock Name ORIENT  
Date Announced14 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130614-D295A

Particulars of substantial Securities Holder

NameAberdeen Asset Management PLC and its subsidiaries
Address10 Queen's Terrace
Aberdeen, AB10 1YG
Scotland
NRIC/Passport No/Company No.82015
Nationality/Country of incorporationScotland
Descriptions (Class & nominal value)Ordinary stocks of RM1.00 each
Name & address of registered holderAberdeen Asset Management Asia Limited
21 Church Street, #01-01 Capital Square Two
Singapore 049480

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

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired11/06/2013
49,200
 

Circumstances by reason of which change has occurreda) Acquisition of shares

b) An investment position taken in connection with:-
- Aberdeen Asset Management Asia Limited's ordinary business in fund management.
- Aberdeen Asset Management Inc.'s ordinary business in fund management.

c) The registered holder listed above is 100% owned by the parent company, Aberdeen Asset Management PLC.
Nature of interestDirect Interest
Direct (units)66,718,900 
Direct (%)10.75 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change66,718,900
Date of notice12/06/2013

Remarks :
This Notice was received on 14 June 2013.


TWSCORP - OTHERS TRADEWINDS CORPORATION BERHAD (“TCB” OR “COMPANY”) PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 INVOLVING TCB (“PROPOSED SCR”)

Announcement Type: General Announcement
Company NameTRADEWINDS CORPORATION BERHAD  
Stock Name TWSCORP  
Date Announced14 Jun 2013  
CategoryGeneral Announcement
Reference NoMM-130614-62204

TypeAnnouncement
SubjectOTHERS
DescriptionTRADEWINDS CORPORATION BERHAD (“TCB” OR “COMPANY”)

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE PURSUANT TO SECTION 64 OF THE COMPANIES ACT, 1965 INVOLVING TCB (“PROPOSED SCR”)

We refer to the Company’s announcements dated 14 September 2012, 25 September 2012, 18 October 2012, 30 October 2012, 26 November 2012, 30 November 2012, 23 April 2013 and 3 June 2013 in relation to the Proposed SCR.

On behalf of the Board of Directors of TCB, we, Public Investment Bank Berhad wish to announce that the High Court of Malaya at Kuala Lumpur (“High Court”) has directed that the petition to obtain an order of the High Court to confirm the Proposed SCR has been fixed for hearing on 11 July 2013.

This announcement is dated 14 June 2013.



MERGE - Annual Report 2013

Announcement Type: Document Receipt
Company NameMERGE ENERGY BHD  
Stock Name MERGE  
Date Announced14 Jun 2013  
CategoryDocument Receipt
Reference NoGR-130614-64587

Annual Report for Financial Year Ended31/01/2013
SubjectAnnual Report 2013

Attachments

MERGE-AnnualReport2013.pdf
2684 KB






UNICO - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Announcement Type: General Announcement
Company NameUNICO-DESA PLANTATIONS BERHAD  
Stock Name UNICO  
Date Announced14 Jun 2013  
CategoryGeneral Announcement
Reference NoUP-130614-BC949

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionCrop Production for the month of May 2013


We wish to advise that the crop production figure in metric ton for the month of May 2013 is as follows:-

FFB - Internal : 15,414
FFB - External : 6,046
Total : 21,460

CPO produced : 4,316
PK produced : 983





AIRASIA - 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 NameAIRASIA BERHAD  
Stock Name AIRASIA  
Date Announced14 Jun 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-130614-51C54

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 RM0.10 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
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)
Disposed11/06/2013
56,300
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect and Indirect
Direct (units)215,508,600 
Direct (%)7.75 
Indirect/deemed interest (units)15,739,700 
Indirect/deemed interest (%)0.57 
Total no of securities after change231,248,300
Date of notice12/06/2013

Remarks :
Direct Interest:-
1. Employees Provident Fund Board - 215,508,600
Indirect Interest:-
1. Employees Provident Fund Board (AMUNDI) - 2,500,000
2. Employees Provident Fund Board (HDBS) - 2,602,100
3. Employees Provident Fund Board (RHB INV) - 2,000,000
4. Employees Provident Fund Board (ALLIANCE) - 3,400,000
5. Employees Provident Fund Board (ARIM) - 1,000,000
6. Employees Provident Fund Board (TEMPLETON) - 4,237,600

This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder from Citigroup Nominees (Tempatan) Sdn Bhd on behalf of EMPLOYEES PROVIDENT FUND BOARD dated 12/06/2013 received by the registered office of AirAsia Berhad on 14/06/2013.


WASEONG - Notice of Person Ceasing (29C) - Lembaga Tabung Haji

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Company NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG  
Date Announced14 Jun 2013  
CategoryNotice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference NoCC-130614-54530

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak
Peti Surat No. 11025
50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Date of cessation06/06/2013
Name & address of registered holderLembaga Tabung Haji
201, Jalan Tun Razak
Peti Surat No. 11025
50732 Kuala Lumpur
CurrencyMalaysian Ringgit (MYR)
Number of securities disposed944,200 
Price Transacted ($$) 
Circumstances by reason of which a person ceases to be a substantial securities HolderCeased to be a substantial shareholder due to the disposal of shares in the open market which resulted in the reduction in the percentage of shareholdings held.
Nature of interestDirect
Date of notice12/06/2013

Remarks :
The notice of person ceasing to be a substantial shareholder dated 12 June 2013 was received on 13 June 2013 from Lembaga Tabung Haji.


SEALINK - OTHERS SALE OF INDUSTRIAL LAND AND BUILDING

Announcement Type: General Announcement
Company NameSEALINK INTERNATIONAL BERHAD  
Stock Name SEALINK  
Date Announced14 Jun 2013  
CategoryGeneral Announcement
Reference NoCS-130614-5E0AA

TypeAnnouncement
SubjectOTHERS
DescriptionSALE OF INDUSTRIAL LAND AND BUILDING

INTRODUCTION

The Board of Directors of Sealink International Berhad ("SEALINK") is pleased to announce that a wholly owned subsidiary, Sealink Sdn Bhd (Company No. 20471-D) (“the Vendor”) had entered into a Sale and Purchase Agreement (“SPA”) with Desa Metro Sdn Bhd (Company No 310903-U) (“the Purchaser”) dated 14th June, 2013 for the sale of an industrial land together with a double storey detached industrial building (“the Property”) for a total cash consideration of RM6,600,000 (“the Sale Consideration).



DETAILS OF THE SPA


1. Information on the Property

    All that parcel of land together with a double storey detached industrial building thereon and appurtenances thereof situate at Piasau Road, Miri containing 4,244 square metres, more or less, and described as Lot 1359 Block 3 Miri Concession Land District. The Land has a lease tenure expiring 20 December 2047.


    The Property was acquired on 30 August 1988 for RM999,029. The Property is currently being rented out to a third party. The carrying value of the Property, together with additional cost incurred on the Property, as at 31 May 2013 was RM1,820,114.


2. The salient terms of the SPA are as follows:


    (a) The Property shall be disposed on a “as is where is” basis, subject to the Tenancy and the sale is subject to written consent being obtained by the Vendor from the Director of Lands and Surveys for the proposed transfer of the Property to the Purchaser.


    (b) The total cash consideration of RM6,600,000 shall be or has been paid at the times and in the manner as follows:


    (i) upon execution of the SPA, a sum of RM660,000 was paid as deposit cum part payment of the Sale Consideration to the solicitors appointed by the parties as the Stakeholder (“the Solicitors”);



    (ii) the balance sum of RM5,940,000 shall be paid by the Purchaser to the Solicitors within three (3) months from the written notification from the said solicitors of the written consent being obtained for the proposed transfer of the Property from the Director of Lands and Surveys, or the earlier release of the any bank loan as may be applied for by the Purchaser after securing the written consent; and



    (iii) the Purchaser shall, at any time after the payment of 10% of the Sale Consideration as stipulated in Clause 15 of the SPA, be allowed at the Purchaser’s own cost and expense to present and register a private caveat against the Property.

BASIS OF ARRIVING AT THE SALE CONSIDERATION

The Sale Consideration for the Property of RM6,600,000 was arrived at on a willing-buyer willing-seller basis, negotiated between the Vendor and the Purchaser and after taking into consideration the carrying value of the Property of RM1,820,114 based on the management financial statements of the Vendor as at 31 May 2013 and the market value of RM5,000,000 for the Property based on the valuation done on 26 April 2013 by JS Valuers Property Consultants (Sarawak) Sdn Bhd (580996-H).


DETAILS OF PURCHASER

Desa Metro Sdn Bhd (Company No 310903-U) (“the Purchaser”) was incorporated in Malaysia under the Companies Act, 1965 as a private limited company on 8 August 1994. The principal activity of the Purchaser is property Investment.


LIABILITIES TO BE ASSUMED

The Purchaser is not expected to assume any liabilities apart from the Sale Consideration pursuant to the SPA.



UTILISATION OF PROCEEDS

The net proceeds after deducting the estimated expenses and other ancillary expenses relating to the SPA (estimated at approximately RM6,557,941), will be used for working capital purposes.



RISK IN RELATION TO THE SPA

The SPA is subject to the terms and conditions contained therein. There is no assurance that the SPA would not be terminated, whether in accordance with the terms and conditions of the SPA or otherwise.



RATIONALE FOR THE SALE

The above sale was made as the land and building is currently not utilized by the SEALINK Group and had been rented out for the last twenty four (24) years.


EXPECTED TIMEFRAME FOR COMPLETION

Barring unforeseen circumstances, the sale shall be completed by the 3rd Quarter of 2013.


FINANCIAL EFFECTS

The sales are expected to contribute positively to the earnings and net assets of SEALINK Group for the financial year ending 31 December 2013. SEALINK Group is expected to recognize a gain on disposal of RM4,737,827 from the sale of the aforesaid Property. Notwithstanding this, the above are not expected to have any material effects on the share capital and shareholding structure of the Company.


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 contract.


DIRECTORS' STATEMENT

The Board of Directors of SEALINK, having considered all factors is of the opinion that the sale is in the best interest of the Company.


This announcement is dated 14
th day of June 2013.

ABOUT THE COMPANY


SEALINK Group is an Integrated Service Provider which build, sell, own and operate a diverse fleet of offshore marine support vessels, serving mainly the global offshore oil and gas exploration and production industry. Being one of the largest tug and barge operators in Malaysia for the oil and gas industry, we are now strengthening our position to be the major provider for offshore marine support vessels for other niche areas in the industry.

We have a young fleet of offshore marine support vessels predominantly focused on and used in the offshore oil & gas industry. With its diverse fleet of 41 vessels, it can cater to a wide base of reputable clients in the various segments of the industry.

Presently, SEALINK owns two shipyards located in Miri, Sarawak. The two shipyards have the capacity to construct up to 17 vessels a year.

SEALINK Group is currently embarking on a new shipbuilding program of approximately USD100 million in view of the renewed vigor in the oil and gas industry.



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