July 16, 2013

Company announcements: MAYBANK, ITRONIC

MAYBANK - OTHERS (Amended Announcement)

Announcement Type: General Announcement
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced16 Jul 2013  
CategoryGeneral Announcement
Reference NoMB-130716-69953

TypeAnnouncement
SubjectOTHERS
DescriptionDissolution of Maybank ATR Kim Eng Fixed Income

Malayan Banking Berhad ("Maybank") wishes to announce that one of its indirect subsidiaries, Maybank ATR Kim Eng Fixed Income ("MATRKEFI") had on 12 July 2013 obtained the approval of the Philippines Securities and Exchange Commission for the amendment of the Articles of Incorporation to shorten the corporate life of MATRKEFI from 50 years to 15 years i.e. up to 30 June 2014. Based on the foregoing, MATRKEFI has commenced its dissolution process.

MATRKEFI is 80% owned by Rezan Pte Ltd (a 100%-owned subsidiary of Maybank Kim Eng Holdings Limited) and 20% owned by Maybank ATR Kim Eng Capital Partners, Inc. (a subsidiary of Maybank ATR Kim Eng Financial Corporation). The ultimate holding company of the above-mentioned entities is Maybank.

MATRKEFI was previously providing liquidity for the lending business of AsianLife Financial Assurance Corporation ("ALFA") a former indirect subsidiary of Maybank, and has been dormant since May 2012, with the sale of ALFA to third parties. The dissolution of MATRKEFI is part of the corporate rationalisation exercise at Maybank Kim Eng which aims to unlock value of its dormant subsidiaries.

The dissolution of MATRKEFI will not have any material effect on the consolidated earnings or assets of Maybank for the financial year ending 31 December 2013.

None of the directors or substantial shareholders of Maybank or persons connected to them has any interest in the dissolution.

This announcement is dated 16 July 2013.


ITRONIC - Changes in Sub. S-hldr's Int. (29B) - Christian Kwok-Leun Yau Heilesen

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced16 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-130716-8BB16

Particulars of substantial Securities Holder

NameChristian Kwok-Leun Yau Heilesen
Address29 Floor, One Kowloon, 1 Wang Yuen Street, Kowloon Bay, Hong Kong
NRIC/Passport No/Company No.204893890
Nationality/Country of incorporationDanish
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderDeluxe Garden Limited
Unit 301 3/F, Hung to Centre, 94-96 How Ming Street Kwun Tong, Kowloon, Hong Kong

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed08/07/2013
2,000,000
 

Circumstances by reason of which change has occurredDisposal via off market deal
Nature of interestIndirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)6,011,600 
Indirect/deemed interest (%)6.39 
Total no of securities after change6,011,600
Date of notice16/07/2013


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