July 9, 2013

Company announcements: KINSTEL, SUNREIT, TROP, PARKSON, LITRAK, MAEMODE

KINSTEL - Changes in Director's Interest (S135) - Tan Sri Dato' Sri Pheng Yin Huah

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced9 Jul 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-130709-61846

Information Compiled By KLSE

Particulars of Director

NameTan Sri Dato' Sri Pheng Yin Huah
AddressA-5188, Lrg Kubang Buaya 80
25250 Kuantan, Pahang Darul Makmur
Descriptions(Class & nominal value)Ordinary shares of RM0.20 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
04/07/2013
400,000
 
Disposed
04/07/2013
400,000
 
Disposed
05/07/2013
1,600,000
 
Disposed
05/07/2013
200,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interest1. Direct
2. Indirect
Consideration (if any) 

Total no of securities after change

Direct (units)37,355,495 
Direct (%)3.59 
Indirect/deemed interest (units)347,604,255 
Indirect/deemed interest (%)33.37 
Date of notice09/07/2013

Remarks :
Deemed interest by virtue of his shareholdings in Perniagaan Kin Kee Sdn Bhd, Kin Kee Holdings Sdn Bhd, Kin Kee Hardware Sdn Bhd and Kin Kee Metal Sdn Bhd pursuant to Section 6A of the Companies Act, 1965

The direct interest of 37,355,495 shares comprises the following:

i. 35,130,495 shares held by AllianceGroup Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Tan Sri Dato' Sri Pheng Yin Huah);
ii. 1,075,000 shares held by Tan Sri Dato' Sri Pheng Yin Huah; and
iii. 1,150,000 shares held by ECML Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Tan Sri Dato' Sri Pheng Yin Huah)

The indirect interest of 347,604,255 shares comprises the following:

i. 2,970,000 shares held by Kin Kee Metal Sdn Bhd;
ii. 18,650,000 shares held by Kin Kee Hardware Sdn Bhd;
iii. 40,190,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Perniagaan Kin Kee Sdn Bhd);
iv. 75,300,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd);
v. 207,494,255 shares held by RHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd); and
vi. 3,000,000 shares held by Kin Kee Holdings Sdn Bhd


KINSTEL - Changes in Sub. S-hldr's Int. (29B) - Perniagaan Kin Kee Sdn. Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced9 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130709-60070

Particulars of substantial Securities Holder

NamePerniagaan Kin Kee Sdn. Bhd
AddressB-38, First Floor, Lorong Sri Teruntum 139,
Off Jalan Bukit Ubi,
25200 Kuantan, Pahang Darul Makmur
NRIC/Passport No/Company No.157540-V
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderRHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn. Bhd.)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/07/2013
400,000
 
Disposed05/07/2013
1,600,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestIndirect
Direct (units)40,190,000 
Direct (%)3.86 
Indirect/deemed interest (units)304,444,255 
Indirect/deemed interest (%)29.23 
Total no of securities after change344,634,255
Date of notice09/07/2013

Remarks :
Deemed interest by virtue of its direct interest in Kin Kee Holdings Sdn Bhd and Kin Kee Hardware Sdn Bhd pursuant to Section 6A of the Companies Act, 1965.

The indirect interest of 304,444,255 shares comprises the following:

i. 75,300,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(pledged securities account for Kin Kee Holdings Sdn Bhd);
ii. 18,650,000 shares held by Kin Kee Hardware Sdn. Bhd;
iii.207,494,255 shares held by RHB Nominees (Tempatan) Sdn Bhd
(pledged securities account for Kin Kee Holdings Sdn Bhd); and
iv. 3,000,000 shares held by Kin Kee Holdings Sdn Bhd.


KINSTEL - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dato' Sri Pheng Yin Huah

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced9 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130709-60940

Particulars of substantial Securities Holder

NameTan Sri Dato' Sri Pheng Yin Huah
AddressA-5188, Lorong Kubang Buaya 80
25250 Kuantan, Pahang Darul Makmur
NRIC/Passport No/Company No.480702-06-5091
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holder1. Tan Sri Dato' Sri Pheng Yin Huah;
2. RHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd).

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/07/2013
400,000
 
Disposed04/07/2013
400,000
 
Disposed05/07/2013
1,600,000
 
Disposed05/07/2013
200,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interest1. Direct
2. Indirect
Direct (units)37,355,495 
Direct (%)3.59 
Indirect/deemed interest (units)347,604,255 
Indirect/deemed interest (%)33.37 
Total no of securities after change384,959,750
Date of notice09/07/2013

Remarks :
Deemed interest by virtue of his shareholdings in Perniagaan Kin Kee Sdn Bhd, Kin Kee Holdings Sdn Bhd, Kin Kee Hardware Sdn Bhd and Kin Kee Metal Sdn Bhd pursuant to Section 6A of the Companies Act, 1965

The direct interest of 37,355,495 shares comprises the following:

i. 35,130,495 shares held by AllianceGroup Nominees(Tempatan) Sdn Bhd
(Pledged securities account for Tan Sri Dato' Sri Pheng Yin Huah);
ii. 1,075,000 shares held by Tan Sri Dato' Sri Pheng Yin Huah; and
iii. 1,150,000 shares held by ECML Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Tan Sri Dato' Sri Pheng Yin Huah).

The indirect interest of 347,604,255 shares comprises the following:

i. 2,970,000 shares held by Kin Kee Metal Sdn Bhd;
ii. 18,650,000 shares held by Kin Kee Hardware Sdn Bhd;
iii. 40,190,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Perniagaan Kin Kee Sdn Bhd);
iv. 75,300,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd);
v. 207,494,255 shares held by RHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd); and
vi. 3,000,000 shares held by Kin Kee Holdings Sdn Bhd.


KINSTEL - Changes in Sub. S-hldr's Int. (29B) - Dato' Hong Thian Hock

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced9 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130709-60512

Particulars of substantial Securities Holder

NameDato' Hong Thian Hock
AddressNo. 58, Lorong Kubang Buaya 54
25250 Kuantan, Pahang Darul Makmur
NRIC/Passport No/Company No.530612-06-5007
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderRHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/07/2013
400,000
 
Disposed05/07/2013
1,600,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestIndirect
Direct (units)1,438,400 
Direct (%)0.14 
Indirect/deemed interest (units)347,669,255 
Indirect/deemed interest (%)33.38 
Total no of securities after change349,107,655
Date of notice09/07/2013

Remarks :
Deemed interest by virtue of his shareholdings in Kin Kee Metal Sdn Bhd and Perniagaan Kin Kee Sdn Bhd which the latter is the major shareholder of Kin Kee Holdings Sdn Bhd and Kin Kee Hardware Sdn Bhd, and his indirect interest held through his child.

The indirect interest of 347,669,255 shares comprises the following:

i. 2,970,000 shares held by Kin Kee Metal Sdn Bhd;
ii.18,650,000 shares held by Kin Kee Hardware Sdn Bhd;
iii. 65,000 shares held by Hong Ching Pheng;
iv. 40,190,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Perniagaan Kin Kee Sdn Bhd);
v. 75,300,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd);
vi. 207,494,255 shares held by RHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd); and
vii. 3,000,000 shares held by Kin Kee Holdings Sdn Bhd.


KINSTEL - Changes in Sub. S-hldr's Int. (29B) - Kin Kee Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKINSTEEL BHD  
Stock Name KINSTEL  
Date Announced9 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-130709-59743

Particulars of substantial Securities Holder

NameKin Kee Holdings Sdn Bhd
AddressB-38, First Floor, Lorong Sri Teruntum
139, Off Jalan Bukit Ubi
25200 Kuantan, Pahang Darul Makmur
NRIC/Passport No/Company No.362624-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM 0.20 each
Name & address of registered holderRHB Nominees (Tempatan) Sdn Bhd
(Pledged securities account for Kin Kee Holdings Sdn Bhd)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/07/2013
400,000
 
Disposed05/07/2013
1,600,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Direct (units)285,794,255 
Direct (%)27.44 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change285,794,255
Date of notice09/07/2013

Remarks :
The direct interest of 285,794,255 shares comprising:

i. 75,300,000 shares held by Kenanga Nominees (Tempatan) Sdn Bhd
(pledged securities account for Kin Kee Holdings Sdn Bhd);
ii. 207,494,255 shares held by RHB Nominees (Tempatan) Sdn Bhd
(pledged securities account for Kin Kee Holdings Sdn Bhd); and
iii. 3,000,000 shares held by Kin Kee Holdings Sdn Bhd.


SUNREIT - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT  
Date Announced9 Jul 2013  
CategoryGeneral Announcement
Reference NoSR-130709-8362D

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionSUNWAY REAL ESTATE INVESTMENT TRUST
- NET ASSET VALUE ("NAV")
The NAV per unit of Sunway Real Estate Investment Trust as at 30 June 2013 is RM1.2011.
This announcement is dated 9 July 2013.


TROP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameTROPICANA CORPORATION BERHAD  
Stock Name TROP  
Date Announced9 Jul 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoDC-130709-2FBE1

Date of buy back09/07/2013
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)850,000
Minimum price paid for each share purchased ($$)1.900
Maximum price paid for each share purchased ($$)1.910
Total consideration paid ($$)1,620,499.50
Number of shares purchased retained in treasury (units)850,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)22,816,300
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 (%)2.388

Remarks :
Tropicana Corporation Berhad (formerly known as Dijaya Corporation Berhad) ("TCB" or "the Company") had at the 34th Annual General Meeting of the Company held on 28 June 2013 obtained the renewed authority from the Company’s shareholders to purchase its own shares.


PARKSON - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NamePARKSON HOLDINGS BERHAD  
Stock Name PARKSON  
Date Announced9 Jul 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoPH-130709-8DDB5

Date of buy back09/07/2013
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)31,200
Minimum price paid for each share purchased ($$)3.800
Maximum price paid for each share purchased ($$)3.820
Total consideration paid ($$)119,163.54
Number of shares purchased retained in treasury (units)31,200
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)12,544,431
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 (%)1.15


LITRAK - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLINGKARAN TRANS KOTA HOLDINGS BERHAD  
Stock Name LITRAK  
Date Announced9 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLT-130709-9D7F1

Particulars of substantial Securities Holder

NameAmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera
AddressTingkat 4 Balai PNB
201-A Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each.
Name & address of registered holderAs above.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/07/2013
43,000
 

Circumstances by reason of which change has occurredPurchase of shares.
Nature of interestDirect.
Direct (units)33,985,300 
Direct (%)6.63 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change33,985,300
Date of notice03/07/2013

Remarks :
Received notice of change on 9/7/13.


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

Announcement Type: General Announcement
Company NameMALAYSIAN AE MODELS HOLDINGS BERHAD  
Stock Name MAEMODE  
Date Announced9 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130709-67135

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionMALAYSIAN AE MODELS HOLDINGS BERHAD (Receiver and Manager Appointed)(“MAEMODE” OR “THE COMPANY”)
- Appointment of Receiver and Manager for Matromatic Handling Systems (M) Sdn Bhd

(1) The date of appointment of Receiver and Manager

The Board of Directors of the Company wishes to announce that Matromatic Handling Systems (M) Sdn Bhd (“MHS”), a wholly-owned subsidiary of the Company, had on 7 July 2013, received a Notice pursuant to Section 186 of the Companies Act, 1965 of the Appointment of Receiver and Manager (“Notice”). Pursuant to the Notice, Malayan Banking Berhad (“MBB”) has appointed Mr. Adam Primus Varghese Bin Abdullah of ADAMPRIMUS of C4-3A-10 Solaris Dutamas, No. 1, Jalan Dutamas 1, 50480 Kuala Lumpur as Receiver and Manager (“Receiver & Manager”) with effect from 3 July 2013 pursuant to the powers contained in the debenture dated 19 April 2012 entered between MBB and MHS (“Debenture”).

(2) The details of MHS

MHS is a wholly-owned subsidiary of the Company. MHS has an authorised capital of RM 50,000,000.00 divided into 50,000,000 ordinary shares of RM1.00 each. The issued and paid-up capital is RM40,000,000.00 divided into 40,000,000 ordinary shares of RM1.00 each.

MHS is principally involved in manufacturing, installation and marketing of material handling and conveyor systems and parts .

(3) Where the appointment is in respect of a subsidiary, a confirmation as to whether the subsidiary is a major subsidiary

MHS is a major subsidiary of the Company and the total cost of investment in MHS is RM40,000,000.00.

(4) The net book value of the affected assets

Based on the latest audited financial statement of MHS for the financial year ended 31 May 2012, the net book value of MHS is about RM369.5 Million.

(5) The details of the events leading to the appointment of the Receiver and Manager

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 31 May 2013.

(6) The financial and operational impact of the aforesaid appointment on the group, if any.

With effect from the appointment of the Receiver and Manager, the power of the Directors of MHS to deal with the assets or manage the undertaking of MHS are suspended.

Nonetheless, all other statutory obligations of the Directors of MHS still remain.

The operational and financial matters are now at the discretion of the Receiver & Manager.

(7) The expected losses, if any, arising from the aforesaid appointment.

The appointment of Receiver and Manager will not have any additional financial and operational impact on the Group and the Company is not expected to incur any further loss arising from the aforesaid appointment.

(8) The steps taken or proposed to be taken by the listed issuer in respect of the above appointment.

The Company is in the midst of discussing and negotiating with the financial institutions on the proposed settlement.

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 9 July 2013.



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