July 18, 2013

Company announcements: HUNZPTY, SILKHLD, JCY, HOHUP

HUNZPTY - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameHUNZA PROPERTIES BERHAD  
Stock Name HUNZPTY  
Date Announced18 Jul 2013  
CategoryGeneral Announcement
Reference NoCP-130718-41FCA

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionHunza Properties Berhad ("HPB") wishes to inform that the following Director has given notice of his dealing in the securities of HPB pursuant Paragraph 14.09(a) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

Ordinary Shares of RM1.00 each

Name of DirectorNature of InterestDate Transacted Opening Balance

No. of shares Acquired/(Disposed)/
^Transferred

% of Shares TransactedConsideration
(RM)
Closing Balance% of Shares Held After the Transaction
Dato' Khor Teng TongDirect
-
11,475,906
-
--
11,475,906-
Dato' Khor Teng Tong
Deemed
18.07.2013

89,906,274


(360,000)

0.20

1.99659


89,546,274


49.27

No. of ordinary shares of RM1.00 each Registered holders

* 87,571,164 Khor Teng Tong Holdings Sdn. Bhd., Taman Nibong Tebal Sendirian Berhad, Jaya Sri Rambai Sdn. Bhd., Mandin Garden Sendirian Berhad, Hunza Usaha Sdn. Bhd.

* 39,000 Khor Tze Hui, child - by virtue of Section 134(12)(c) of the Act

* 689,000 Khor Tze Ming, child - by virtue of Section 134(12)(c) of the Act

* 47,000 Khor Tze Thieng, child - by virtue of Section 134(12)(c) of the Act

* 65,000 Khor Chia Leng, child - by virtue of Section 134(12)(c) of the Act

* 78,000 Khor Bung Leng, child - by virtue of Section 134(12) of the Act

*738,810 Khor Siang Gin, child - by virtue of Section 134(12)(c) of the Act

* 318,300 Khor San Leng, child - by virtue of Section 134(12)(c) of the Act


*Based on the paid-up capital of the Company of RM181,732,250 divided into 181,732,250 ordinary shares of RM1.00 each, exclusive of 13,188,000 ordinary shares of RM1.00 each held as treasury shares as at 18 July 2013.


Warrants 2010/2015

Name of DirectorNature of InterestDate Transacted Opening BalanceNo. of shares Acquired/(Disposed)

% of Shares TransactedConsideration
(RM)
Closing Balance% of Shares Held After the Transaction
Dato' Khor Teng TongDirect

-

3,591,432

-
-
-3,591,432
-
Dato' Khor Teng Tong
Deemed
-
21,850,545
-
-
-
21,850,545
-

No. of warrants Registered holders

** 21,557,635 Khor Teng Tong Holdings Sdn. Bhd., Taman Nibong Tebal Sendirian Berhad, Jaya Sri Rambai Sdn. Bhd., Mandin Garden Sendirian Berhad, Hunza Usaha Sdn. Bhd.

** 9,000 Khor Tze Hui, child - by virtue of Section 134(12)(c) of the Act

** 159,000 Khor Tze Ming, child - by virtue of Section 134(12)(c) of the Act

** 12,000 Khor Tze Thieng, child - by virtue of Section 134(12)(c) of the Act

** 10,000 Khor Chia Leng, child - by virtue of Section 134(12)(c) of the Act

** 18,000 Khor Bung Leng, child - by virtue of Section 134(12) of the Act

** 55,110 Khor Siang Gin, child - by virtue of Section 134(12)(c) of the Act

** 29,800 Khor San Leng, child - by virtue of Section 134(12)(c) of the Act


**Based on the total number of 43,131,883 Warrants 2010/2015 in issue as at 18 July 2013.

This announcement is dated 18 July 2013.



HUNZPTY - Changes in Director's Interest (S135) - Dato' Khor Teng Tong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameHUNZA PROPERTIES BERHAD  
Stock Name HUNZPTY  
Date Announced18 Jul 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCP-130718-41FD5

Information Compiled By KLSE

Particulars of Director

NameDato' Khor Teng Tong
Address55, Lorong Lembah Permai 9,
11200 Tanjung Bunga,
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
18/07/2013
360,000
1.997 

Circumstances by reason of which change has occurredDisposal
Nature of interestDeemed
Consideration (if any) 

Total no of securities after change

Direct (units)11,475,906 
Direct (%)6.31 
Indirect/deemed interest (units)89,546,274 
Indirect/deemed interest (%)49.27 
Date of notice18/07/2013

Remarks :
Deemed Interest by virtue of Section 6A of the Companies Act, 1965 ("the Act") = 87,571,164 ordinary shares of RM1.00 each.

Interest of children by virtue of Section 134(12)(c) of the Act = 1,975,110 ordinary shares of RM1.00 each.

The disposal of 360,000 ordinary shares of RM1.00 each represents 0.20% of the total paid-up capital of the Company.

Based on the paid-up capital of the Company of RM181,732,250 ordinary shares of RM1.00 each, exclusive of 13,188,000 ordinary shares of RM1.00 each held as treasury shares as at 18 July 2013.


HUNZPTY - Changes in Sub. S-hldr's Int. (29B) - Khor Teng Tong Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUNZA PROPERTIES BERHAD  
Stock Name HUNZPTY  
Date Announced18 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCP-130718-41FC9

Particulars of substantial Securities Holder

NameKhor Teng Tong Holdings Sdn Bhd
Address50 Jalan Khaw Sim Bee
10400 Penang
NRIC/Passport No/Company No.17041-P
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderKhor Teng Tong Holdings Sdn. Bhd. ("KTTH") (26,549,508 ordinary shares)
50 Jalan Khaw Sim Bee
10400 Penang

CIMB Group Nominees (Tempatan) Sdn. Bhd. (583,335 ordinary shares)
(Pledged Securities Account for KTTH)
Level 2 Bangunan Amanah Raya Berhad
Jalan Semantan, Damansara Heights
50490 Kuala Lumpur

CIMSEC Nominees (Tempatan) Sdn. Bhd. (13,250,000 ordinary shares)
(Pledged Securities Account for KTTH)
9th Floor Commerce Square
Jalan Semantan, Damansara Heights
50490 Kuala Lumpur

AmSec Nominees (Tempatan) Sdn. Bhd. (14,000,000 ordinary shares)
(Pledged Securities Account for KTTH)
15th Floor Bangunan AmBank Group
55 Jalan Raja Chulan
50200 Kuala Lumpur

Taman Nibong Tebal Sendirian Berhad ("TNTSB") (204,363 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa
11600 Penang

CIMB Group Nominees (Tempatan) Sdn. Bhd. (7,691,665 ordinary shares)
(Pledged Securities Account TNTSB)
Level 2 Bangunan Amanah Raya Berhad
Jalan Semantan, Damansara Heights
50490 Kuala Lumpur

Jaya Sri Rambai Sdn. Bhd. (1,902,943 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa
11600 Penang

Mandin Garden Sendirian Berhad ("MGSB") (9,499,850 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa
11600 Penang

AmSec Nominees (Tempatan) Sdn. Bhd. (647,000 ordinary shares)
(Pledged Securities Account for MGSB)
15th Floor Bangunan AmBank Group
55 Jalan Raja Chulan
50200 Kuala Lumpur

Hunza Usaha Sdn. Bhd. ("HUSB") (3,242,500 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa
11600 Penang

RHB Nominees (Tempatan) Sdn. Bhd.(10,000,000 ordinary shares)
(Pledged Securities Account for HUSB)
Level 10, Tower One, RHB Centre,
Jalan Tun Razak, 50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/07/2013
360,000
1.997 

Circumstances by reason of which change has occurredDisposal
Nature of interestDeemed
Direct (units)54,382,843 
Direct (%)29.92 
Indirect/deemed interest (units)33,188,621 
Indirect/deemed interest (%)18.26 
Total no of securities after change87,571,164
Date of notice18/07/2013

Remarks :
Based on the paid-up capital of the Company of RM181,732,250 divided into 181,732,250 ordinary shares of RM1.00 each, exclusive of 13,188,000 ordinary shares of RM1.00 each held as treasury shares as at 18 July 2013.


HUNZPTY - Changes in Sub. S-hldr's Int. (29B) - Mandin Garden Sendirian Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUNZA PROPERTIES BERHAD  
Stock Name HUNZPTY  
Date Announced18 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCP-130718-41FBB

Particulars of substantial Securities Holder

NameMandin Garden Sendirian Berhad
Address5-4-8/11 Hunza Complex
Jalan Gangsa, 11600 Penang
NRIC/Passport No/Company No.11968-H
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderMandin Garden Sendirian Berhad ("MGSB") (9,499,850 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa, 11600 Penang

AmSec Nominees (Tempatan) Sdn. Bhd. (647,000 ordinary shares)
(Pledged securities Account for MGSB)
15th Floor Bangunan AmBank Group
55 Jalan Raja Chulan
50200 Kuala Lumpur

Taman Nibong Tebal Sendirian Berhad ("TNTSB")(204,363 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa, 11600 Penang

CIMB Group Nominees (Tempatan) Sdn. Bhd. (7,691,665 ordinary shares)
(Pledged Securities Account for TNTSB)
Level 2 Bangunan Amanah Raya Berhad
Jalan Semantan, Damansara Heights
50490 Kuala Lumpur

Hunza Usaha Sdn. Bhd. ("HUSB") (3,242,500 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa, 11600 Penang

RHB Nominees (Tempatan) Sdn. Bhd.(10,000,000 ordinary shares)
(Pledged Securities Account for HUSB)
Level 10, Tower One, RHB Centre,
Jalan Tun Razak, 50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/07/2013
360,000
1.997 

Circumstances by reason of which change has occurredDisposal
Nature of interestDirect
Direct (units)10,146,850 
Direct (%)5.58 
Indirect/deemed interest (units)21,138,528 
Indirect/deemed interest (%)11.63 
Total no of securities after change31,285,378
Date of notice18/07/2013

Remarks :
Based on the paid-up capital of the Company of RM181,732,250 divided into 181,732,250 ordinary shares of RM1.00 each, exclusive of 13,188,000 ordinary shares of RM1.00 each held as treasury shares as at 18 July 2013.


HUNZPTY - Changes in Sub. S-hldr's Int. (29B) - Dato' Khor Teng Tong

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUNZA PROPERTIES BERHAD  
Stock Name HUNZPTY  
Date Announced18 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCP-130718-41FE2

Particulars of substantial Securities Holder

NameDato' Khor Teng Tong
Address55, Lorong Lembah Permai 9,
11200 Tanjung Bunga,
Penang
NRIC/Passport No/Company No.430806-08-5235
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderDato' Khor Teng Tong ("KTT") (1,275,906 ordinary shares)
55, Lorong Lembah Permai 9,
11200 Tanjung Bunga,
Penang

UOBM Nominees (Tempatan) Sdn. Bhd. (600,000 ordinary shares)
(Pledged Securities Account for KTT)
Level 11 Menara UOB
Jalan Raja Laut
50350 Kuala Lumpur

HDM Nominees (Tempatan) Sdn. Bhd.
HDM capital Sdn. Bhd. (9,600,000 ordinary shares)
(Pledged Securities Account for KTT)
Level 8, Wisma Sri Pinang
60, Green Hall
10200 Georgetown, Penang

Khor Teng Tong Holdings Sdn. Bhd. ("KTTH") (26,549,508 ordinary shares)
50 Jalan Khaw Sim Bee
10400 Penang

CIMB Group Nominees (Tempatan) Sdn. Bhd. (583,335 ordinary shares)
(Pledged Securities Account for KTTH)
Level 2 Bangunan Amanah Raya Berhad
Jalan Semantan, Damansara Heights
50490 Kuala Lumpur

CIMSEC Nominees (Tempatan) Sdn. Bhd. (13,250,000 ordinary shares)
(Pledged Securities Account for KTTH)
Level 2 Bangunan Amanah Raya Berhad
Jalan Semantan, Damansara Heights
50490 Kuala Lumpur

AmSec Nominees (Tempatan) Sdn. Bhd. (14,000,000 ordinary shares)
(Pledged Securities Account for KTTH)
15th Floor Bangunan AmBank Group
55 Jalan Raja Chulan
50200 Kuala Lumpur

Taman Nibong Tebal Sendirian Berhad ("TNTSB") (204,363 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa
11600 Penang

CIMB Group Nominees (Tempatan) Sdn. Bhd. (7,691,665 ordinary shares)
(Pledged Securities Account for TNTSB)
Level 2 Bangunan Amanah Raya Berhad
Jalan Semantan, Damansara Heights
50490 Kuala Lumpur

Jaya Sri Rambai Sdn. Bhd. (1,902,943 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa
11600 Penang

Mandin Garden Sendirian Berhad ("MGSB") (9,499,850 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa
11600 Penang

AmSec Nominees (Tempatan) Sdn. Bhd. (647,000 ordinary shares)
(Pledged Securities Account for MGSB)
15th Floor Bangunan AmBank Group
55 Jalan Raja Chulan
50200 Kuala Lumpur

Hunza Usaha Sdn. Bhd. ("HUSB") (3,242,500 ordinary shares)
5-4-8/11 Hunza Complex
Jalan Gangsa
11600 Penang

RHB Nominees (Tempatan) Sdn. Bhd.(10,000,000 ordinary shares)
(Pledged Securities Account for HUSB)
Level 10, Tower One, RHB Centre,
Jalan Tun Razak, 50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/07/2013
360,000
1.997 

Circumstances by reason of which change has occurredDisposal
Nature of interestDeemed
Direct (units)11,475,906 
Direct (%)6.31 
Indirect/deemed interest (units)87,571,164 
Indirect/deemed interest (%)48.19 
Total no of securities after change99,047,070
Date of notice18/07/2013

Remarks :
Based on the paid-up capital of the Company of RM181,732,250 divided into 181,732,250 ordinary shares of RM1.00 each, exclusive of 13,188,000 ordinary shares of RM1.00 each held as treasury shares as at 18 July 2013.


SILKHLD - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameSILK HOLDINGS BERHAD  
Stock Name SILKHLD  
Date Announced18 Jul 2013  
CategoryGeneral Announcement
Reference NoCA-130718-53457

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionACCEPTANCE OF FINANCING ARRANGEMENTS TOTALING RM3,000,000/-

1. INTRODUCTION

The Board of Directors (“Board”) of SILK Holdings Bhd (“SILK”) wishes to announce that Jasa Merin (Malaysia) Sdn. Bhd. (“JM”), a 70% subsidiary of SILK held through AQL Aman Sdn. Bhd. (“AQL”) had on 17 July 2013 entered into a financing arrangement with Maybank Islamic Berhad (“Maybank Islamic”) for a financing facility totaling RM3,000,000.

2. DETAILS OF THE BORROWINGS

(A) Borrower : Jasa Merin (Malaysia) Sdn. Bhd.

Loan Amount : RM3,000,000.00

Guaranteed amount : RM3,000,000.00

Purpose : For tender and performance bond to fulfill the contract requirement by the awarders or such party acceptable to the Bank.

3. SECURITY

i) SILK and AQL had on 17 July 2013 entered into separate Corporate Guarantee agreements favouring Maybank Islamic for a total of RM3,000,000 as security for the above facility granted to JM.

ii) The aforesaid Corporate Guarantee are provided by SILK as the ultimate corporate shareholder of JM, and by AQL as immediate corporate shareholder of JM.

iii) The provision of the Corporate Guarantees by SILK and AQL respectively was upon the request of Maybank Islamic for the granting of the facility to JM. As such, the Corporate Guarantee is necessary to facilitate the ordinary course of business of JM.

4. FINANCIAL IMPACT OF THE BORROWINGS

The acceptance of the facility will not have any material effect on the net assets, earnings per share and has no effect on the share capital and Major Shareholders’ shareholding of the Group for the financial year ending 31 July 2013.

5. 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 facility.

6. DIRECTORS’ STATEMENT

The Board of SILK is of the opinion the provision of the Corporate Guarantee is in the best interest of SILK Group.

This announcement is dated 18 July 2013.



JCY - PUBLIC SHAREHOLDINGS SPREAD

Announcement Type: General Announcement
Company NameJCY INTERNATIONAL BERHAD  
Stock Name JCY  
Date Announced18 Jul 2013  
CategoryGeneral Announcement
Reference NoCS-130718-8A678

TypeAnnouncement
SubjectPUBLIC SHAREHOLDINGS SPREAD; PUBLIC SHAREHOLDINGS SPREAD
DescriptionJCY International Berhad ("the Company") - Public Shareholding Spread Requirement Pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements")
Pursuant to Paragraph 8.02(1) of the Listing Requirements, a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders ("Required PSS").
Bursa Securities had vide its letter dated 13 March 2012 approved the Company's application for lower percentage of Public Shareholding Spread pursuant to Paragraph 2.0 of Practice Note 19 of the Main LR and had accepted 24.97% of the Company's issued and paid-up ordinary shares of RM0.25 each ("Approved PSS") held in the hands of 8,863 public shareholders as at 29 February 2012 as being in compliance with the Required PSS.

Further to Dato' Tan Shih Leng's acquisition of shares on 18 July 2013, the Company's public shareholding spread as at 18 July 2013 is 24.50% and hence, the Company's Public Shareholding Spread has reduced from its Approved PSS of 24.97%.

At this juncture, the Company has yet to formulate any rectification plan to address the said lower percentage, but will endeavour to formulate such plan and will explore various options available to comply with the Required PSS and to increase the liquidity of its shares.

The Company will make necessary announcements in relation to the status of its efforts to comply with the Required PSS every quarter of its financial year simultaneously with the quarterly reports in compliance with Paragraph 3.3 of Practice Note 19 of the Main LR.

This announcement is dated 18 July 2013.


JCY - Changes in Director's Interest (S135) - Dato' Tan Shih Leng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameJCY INTERNATIONAL BERHAD  
Stock Name JCY  
Date Announced18 Jul 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-130718-8A676

Information Compiled By KLSE

Particulars of Director

NameDato' Tan Shih Leng
Address62, Kg. Baru, 28300 Triang, Pahang Darul Makmur
Descriptions(Class & nominal value)Ordinary Shares of RM0.25 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
18/07/2013
500,000
0.745 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect
Consideration (if any)RM372,500.00 

Total no of securities after change

Direct (units)500,000 
Direct (%)0.025 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice18/07/2013

Remarks :
This announcement is also made pursuant to Paragraph 14.09 of Bursa Malaysia Securities Berhad Main Market Listing Requirements


JCY - OTHERS JCY International Berhad ("the Company") - Notification of Dealings in Securities By Director Outside Closed Period, OTHERS JCY International Berhad ("the Company") - Notification of Dealings in Securities By Director Outside Closed Period

Announcement Type: General Announcement
Company NameJCY INTERNATIONAL BERHAD  
Stock Name JCY  
Date Announced18 Jul 2013  
CategoryGeneral Announcement
Reference NoCS-130718-8A677

TypeAnnouncement
SubjectOTHERS; OTHERS
DescriptionJCY International Berhad ("the Company") - Notification of Dealings in Securities By Director Outside Closed Period
We wish to announce that Dato' Tan Shih Leng, an Executive Director of the Company, had on 18 July 2013 dealt in securities of the Company as per the following table:-
Description
of Securities
Date Transacted
No. of Securities Acquired / (Disposed)
Percentage
%
Total
Consideration
RM
Nature of Interest
Ordinary Shares of RM0.25 each
18.07.2013
500,000
0.025
372,500.00
Direct
Interest
This announcement is dated 18 July 2013.


HOHUP - OTHERS HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "The Company") - VALIDATION OF ARRANGEMENT

Announcement Type: General Announcement
Company NameHO HUP CONSTRUCTION COMPANY BHD  
Stock Name HOHUP  
Date Announced18 Jul 2013  
CategoryGeneral Announcement
Reference NoCS-130718-93186

TypeAnnouncement
SubjectOTHERS
DescriptionHO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "The Company")
- VALIDATION OF ARRANGEMENT
Further to Ho Hup's announcement made on 15 May 2013, 2 July 2013 and 4 July 2013, the Board of Directors of Ho Hup wishes to announce that the High Court of Malaya at Kuala Lumpur had on 17 July 2013 vide its Originating Summons no.: D-24NCC-338-2010 granted the following orders under Section 176 of the Companies Act, 1965 and Order 88 of the Rules of the High Court 1980:-
1. Ho Hup be given leave to dispose the shares of the associated company, Shanghai San Ho Hup Pile Co. Ltd. (Incorporated in the People’s Republic of China) (“the Sale Shares”) and to enter into the Sale and Purchase Agreement dated 30 May 2013 with Shanghai Dongyuan Investment Management Co., Ltd.;

2. Consequently that the Sale and Purchase Agreement dated 30 May 2013 entered into between Ho Hup and Shanghai Dongyuan Investment Management Co., Ltd. be validated;

3. Ho Hup be given leave to incorporate a new wholly owned subsidiary namely Ho Hup Construction Company (L) Ltd. (Company No: LL09678) (“HHCC Labuan”) under the Labuan Companies Act 1990; and

4. Consequently that the incorporation of HHCC Labuan be validated.

This announcement is dated 18 July 2013.


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