July 3, 2013

Company announcements: MAEMODE, SUCCESS, DENKO, MAHSING, SPSETIA, TEXCHEM, RCECAP, HARVEST, ITRONIC

MAEMODE - Changes in Sub. S-hldr's Int. (29B) - TEY POR YEE

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMALAYSIAN AE MODELS HOLDINGS BERHAD  
Stock Name MAEMODE  
Date Announced3 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130703-56111

Particulars of substantial Securities Holder

NameTEY POR YEE
AddressBLOK S1-10-22, P/PURI SUTRAMAS PERSIARAN PUCHONG JAYA SELATAN, BANDAR PUCHONG JAYA, 47100 PUCHONG, SELANGOR DARUL EHSAN
NRIC/Passport No/Company No.760202-14-5147
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderTEY POR YEE
BLOK S1-10-22, P/PURI SUTRAMAS PERSIARAN PUCHONG JAYA SELATAN, BANDAR PUCHONG JAYA, 47100 PUCHONG, SELANGOR DARUL EHSAN

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/06/2013
1,405,800
 
Acquired26/06/2013
50,000
 
Acquired27/06/2013
1,893,800
 

Circumstances by reason of which change has occurredDisposed and acquired of shares
Nature of interestDirect
Direct (units)19,668,000 
Direct (%)18.38 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change19,668,000
Date of notice03/07/2013


SUCCESS - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameSUCCESS TRANSFORMER CORPORATION BERHAD  
Stock Name SUCCESS  
Date Announced3 Jul 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-130703-59561

Date of buy back03/07/2013
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)3,000
Minimum price paid for each share purchased ($$)1.120
Maximum price paid for each share purchased ($$)1.120
Total consideration paid ($$)3,360.00
Number of shares purchased retained in treasury (units)3,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)3,480,777
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 (%)2.9


DENKO - OTHERS TERMINATION OF WHOLESALER AGREEMENT DATED 01 JANUARY 2013 BETWEEN LEAN TEIK SOON SDN BHD ("LTS") AND ABOTT LABOTARIES (MALAYSIA) SDN BHD ("Abbott") (''the Termination'')

Announcement Type: General Announcement
Company NameDENKO INDUSTRIAL CORPORATION BERHAD  
Stock Name DENKO  
Date Announced3 Jul 2013  
CategoryGeneral Announcement
Reference NoCU-130703-63841

TypeAnnouncement
SubjectOTHERS
DescriptionTERMINATION OF WHOLESALER AGREEMENT DATED 01 JANUARY 2013 BETWEEN LEAN TEIK SOON SDN BHD ("LTS") AND ABOTT LABOTARIES (MALAYSIA) SDN BHD ("Abbott") (''the Termination'')
1. INTRODUCTION
    LTS is a wholly owned subsidiary of the Company whose principal activity is in the trading and distribution Consumer Goods. LTS has been appointed by Abbott to market, promote, sell and distribute Abbott’s range of milk powder products since 1992.

    The distribution arrangement with Abbott is currently governed by a Wholesaler Agreement the latest of which was dated 1 January 2013 (“the Agreement”). Under this Agreement, LTS assigned areas are in the territories of Penang, Kedah, Perlis and Langkawi.

    We wish to announce that notwithstanding the current Wholesaler Agreement is for a TWO (2) year term until its scheduled expiry on 31 December 2014, Abbott has in a letter dated 28 June 2013 unilaterally served the requisite three (3) month’s notice under Clause 8.3(g) of the Agreement to LTS to terminate the Agreement. Abbott’s letter was emailed to LTS on 2 July 2013. Upon expiry of the three (3) months written notice, Abbott has determined the Termination date to be 30 September 2013. Abbott did not assign any reason or cause on its decision to terminate a twenty (20) year business relationship with LTS.

    The Board of Denko is intrigued by Abbott’s unilateral course of action; especially when LTS exceeded the performance targets set by Abbott for the calendar year 2012 and as a result managed to secure more than RM180,000 in incentive payments. Further, owing to this strong performance, Abbott had also invited LTS to join its mid-October 2013 overseas incentive trip which was organized to reward its high performing distributors such as LTS.

    As the Termination notice was issued without any prior discussion, the Board has instructed LTS to establish its legal position as well as to engage Abbott as a valued supplier to seek further clarification on this unilateral Termination. The Board shall make further announcement as and when there is a material development on this matter.
2. FINANCIAL EFFECTS
      2.1 Share Capital
        The Termination of the Agreement would not have any effect on the share capital and shareholding structure of Denko.
    2.2 Net Assets
        Based on the Company’s Unaudited Condensed Consolidated Statement of Financial Position as at 31 March 2013 (which was published in our Announcement dated 31 May 2013), the Termination would reduce the Current Assets and Current Liabilities of Denko Group by approximately RM3.5 million and RM780,000 respectively.
    2.3 Earnings
        Based on the Company’s Unaudited Condensed Consolidated Statement of Comprehensive Income for the financial year ending 31 March 2013 (which was published in our Announcement dated 31 May 2013), the Termination would reduce the Turnover and Profit before Tax of Denko Group by approximately RM10 million and RM200,000 respectively.
3. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM
    None of the Directors or major shareholders of Denko or persons connected with them has any interest, direct or indirect, in the Termination.

This announcement is dated 3 July 2013.



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

Announcement Type: General Announcement
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced3 Jul 2013  
CategoryGeneral Announcement
Reference NoMS-130703-B9369

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Director and Principal Officer have given their notices of dealings in the securities of Mah Sing Group Berhad as detailed hereunder:

Name

Description of Securities

Date of Transaction

Type of Transaction

Average Price per Share

No. of Share

% of Issued Share Capital

Dato’ Lim Kiu Hock (Director)

Ordinary shares of RM0.50 each

28.06.2013

Disposal

RM2.91

50,000

0.004

Teh Heng Chong (Principal Officer)

Ordinary shares of RM0.50 each

02.07.2013

03.07.2013

Disposal

Disposal

RM2.92

RM2.92

127,800

50,000

0.011

0.004

This announcement is dated 3 July 2013



MAHSING - Changes in Director's Interest (S135) - Dato' Lim Kiu Hock

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced3 Jul 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoMS-130703-B9373

Information Compiled By KLSE

Particulars of Director

NameDato' Lim Kiu Hock
AddressPenthouse Suite 1, Wisma Mah Sing, No. 163, Jalan Sungai Besi, 57100 Kuala Lumpur
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)
Disposed
28/06/2013
50,000
 

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

Total no of securities after change

Direct (units)870,000 
Direct (%)0.077 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice03/07/2013


SPSETIA - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced3 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-130703-87D39

Particulars of substantial Securities Holder

NameKUMPULAN WANG PERSARAAN (DIPERBADANKAN)
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary - RM0.75 per share
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired28/06/2013
200,000
 

Circumstances by reason of which change has occurredAcquisition of shares in open market by KWAP's Fund Manager.
Nature of interestDirect and Indirect
Direct (units)136,055,250 
Direct (%)5.53 
Indirect/deemed interest (units)14,418,900 
Indirect/deemed interest (%)0.59 
Total no of securities after change150,474,150
Date of notice03/07/2013

Remarks :
Form 29B received on 3/07/2013


TEXCHEM - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameTEXCHEM RESOURCES BERHAD  
Stock Name TEXCHEM  
Date Announced3 Jul 2013  
CategoryGeneral Announcement
Reference NoTR-130703-63202

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionTEXCHEM RESOURCES BHD. (“TRB”)

ACQUISITION OF ADDITIONAL 3,667,339 ORDINARY SHARES OF RM1.00 EACH (“SHARES”) IN TEXCHEM CORPORATION SDN. BHD. (“TEXCORP”) BY TEXCHEM RESOURCES BHD. FROM VARIOUS SHAREHOLDERS AND TEXCHEM HOLDINGS SDN. BHD. (“THSB”) AT A TOTAL PURCHASE CONSIDERATION OF RM6,124,455.70 (AT RM1.67 PER SHARE) ("ACQUISITION")

We refer to TRB’s announcement made on 1 July 2013 in relation to the Acquisition.

The Board of Directors of TRB wishes to announce that the balance of the purchase consideration amounting to RM4,901,732.20 has been paid to the Estate of Leong Tien Miang (Deceased) and THSB today. As such, the Acquisition has been duly completed today and Texcorp is now a 73.78% owned subsidiary of TRB.

This announcement is dated 3 July 2013.



RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced3 Jul 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-130703-33B62

Date of buy back03/07/2013
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)80,000
Minimum price paid for each share purchased ($$)0.270
Maximum price paid for each share purchased ($$)0.270
Total consideration paid ($$)21,758.08
Number of shares purchased retained in treasury (units)80,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)521,400
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 (%)0.04


HARVEST - Changes in Director's Interest (S135) - Dato' Mohamed Amir Abas Bin Zainal Azim

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced3 Jul 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130703-5D446

Information Compiled By KLSE

Particulars of Director

NameDato’ Mohamed Amir Abas Bin Zainal Azim
Address72, Jalan Burhanuddin Helmi Dua
Taman Tun Dr. Ismail
60000 Kuala Lumpur
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)
Disposed
02/07/2013
90,000
0.320 

Circumstances by reason of which change has occurredDisposal of shares via open market transaction
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)10,500 
Direct (%)0.005 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice03/07/2013

Remarks :
The total percentage of ordinary shares disposed by Dato’ Mohamed Amir Abas Bin Zainal Azim was 0.045% of the total issued and paid up capital of the Company.


ITRONIC - Changes in Sub. S-hldr's Int. (29B) - Lissington Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced3 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-130703-9B549

Particulars of substantial Securities Holder

NameLissington Limited
AddressRoom 1102-03, 11/F, Kowloon Building, 555 Nathan Road, Mongkok, KLN, Hong Kong
NRIC/Passport No/Company No.464413
Nationality/Country of incorporationBritish Virgin Islands
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderAffin Nominees (Asing) Sdn. Bhd.
3rd Floor, Chulan Tower, No. 3, Jalan Conlay, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired27/06/2013
1,988,900
 

Circumstances by reason of which change has occurredInvest
Nature of interestDirect Interest
Direct (units)7,230,400 
Direct (%)7.68 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change7,230,400
Date of notice28/06/2013

Remarks :
The notice was received on 3 July 2013.


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