July 15, 2013

Company announcements: PELIKAN, CBIP, SIGN, AHB, TSH, ADVPKG, RCECAP, FITTERS

PELIKAN - Changes in Director's Interest (S135) - Loo Hooi Keat

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePELIKAN INTERNATIONAL CORPORATION BERHAD  
Stock Name PELIKAN  
Date Announced15 Jul 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoPI-130709-CAA60

Information Compiled By KLSE

Particulars of Director

NameLoo Hooi Keat
Address14, Jalan SS19/4E,
Subang Jaya,
47500 Petaling Jaya,
Selangor Darul Ehsan.
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
10/07/2013
200,000
0.450 
Disposed
11/07/2013
200,000
0.450 
Disposed
12/07/2013
200,000
0.450 
Disposed
15/07/2013
450,000
0.445 

Circumstances by reason of which change has occurredDisposal of 1,050,000 shares (0.21%) by Loo Hooi Keat through Bursa Malaysia Securities Berhad.
Nature of interestDirect.
Consideration (if any) 

Total no of securities after change

Direct (units)53,912,723 
Direct (%)10.41 
Indirect/deemed interest (units)17,545,985 
Indirect/deemed interest (%)3.45 
Date of notice15/07/2013

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


PELIKAN - Changes in Sub. S-hldr's Int. (29B) - Loo Hooi Keat

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePELIKAN INTERNATIONAL CORPORATION BERHAD  
Stock Name PELIKAN  
Date Announced15 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPI-130709-CAA6F

Particulars of substantial Securities Holder

NameLoo Hooi Keat
Address14, Jalan SS19/4E,
Subang Jaya,
47500 Petaling Jaya,
Selangor Darul Ehsan.
NRIC/Passport No/Company No.550414-08-5945
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderLoo Hooi Keat and nominees companies
14, Jalan SS19/4E,
Subang Jaya, 47500 Petaling Jaya,
Selangor Darul Ehsan.
["LHK"]

PBS Office Supplies Holding Sdn Bhd and nominees companies
Lot 3410, Mukim Petaling,
Batu 12 , Jalan Puchong,
47100 Puchong, Selangor Darul Ehsan.
["PBS Office"]

Mahir Agresif (M) Sdn Bhd and nominees company
Lot 3410, Mukim Petaling,
Batu 12 , Jalan Puchong
47100 Puchong, Selangor Darul Ehsan.
["Mahir Agresif"]

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed10/07/2013
200,000
 
Disposed11/07/2013
200,000
 
Disposed12/07/2013
200,000
 
Disposed15/07/2013
450,000
 

Circumstances by reason of which change has occurredDisposal of 1,050,000 shares (0.21%) by Loo Hooi Keat through Bursa Malaysia Securities Berhad.
Nature of interestDirect.
Direct (units)52,912,723 
Direct (%)10.41 
Indirect/deemed interest (units)17,407,061 
Indirect/deemed interest (%)3.43 
Total no of securities after change70,319,784
Date of notice15/07/2013


CBIP - Changes in Director's Interest (S135) - LIM CHAI BENG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameCB INDUSTRIAL PRODUCT HOLDING BERHAD  
Stock Name CBIP  
Date Announced15 Jul 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCI-130715-1D599

Information Compiled By KLSE

Particulars of Director

NameLIM CHAI BENG
AddressNO. 15, JALAN KELAB GOLF 13/5B
SEKSYEN 13
40100 SHAH ALAM
SELANGOR DARUL EHSAN
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)
Acquired
15/07/2013
95,000
 

Circumstances by reason of which change has occurredACQUISITION OF SHARES
Nature of interestDIRECT INTEREST
Consideration (if any) 

Total no of securities after change

Direct (units)86,554,560 
Direct (%)32.62 
Indirect/deemed interest (units)1,588,200 
Indirect/deemed interest (%)0.6 
Date of notice15/07/2013

Remarks :
Indirect interest pursuant to Section 134(12)(c) of the Companies Act, 1965 held by his following children: -

i) Lim Zee Ping (600,000 shares)
ii) Lim Zee Yang (684,000 shares)
iii) Lim Sim Tong (304,200 shares)


CBIP - Changes in Sub. S-hldr's Int. (29B) - LIM CHAI BENG

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameCB INDUSTRIAL PRODUCT HOLDING BERHAD  
Stock Name CBIP  
Date Announced15 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCI-130715-1D58C

Particulars of substantial Securities Holder

NameLIM CHAI BENG
AddressNO. 15, JALAN KELAB GOLF 13/5B
SEKSYEN 13
40100 SHAH ALAM
SELANGOR DARUL EHSAN
NRIC/Passport No/Company No.580809-10-5055
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderRHB CAPITAL NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR LIM CHAI BENG (CEB)
LEVEL 3, TOWER TWO, 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)
Acquired15/07/2013
95,000
 

Circumstances by reason of which change has occurredACQUISITION OF SHARES
Nature of interestDIRECT INTEREST
Direct (units)86,554,560 
Direct (%)32.62 
Indirect/deemed interest (units)1,588,200 
Indirect/deemed interest (%)0.6 
Total no of securities after change88,142,760
Date of notice15/07/2013

Remarks :
Indirect interest pursuant to Section 134(12)(c) of the Companies Act, 1965 held by his following children: -

i) Lim Zee Ping (600,000 shares)
ii) Lim Zee Yang (684,000 shares)
iii) Lim Sim Tong (304,200 shares)


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

Announcement Type: General Announcement
Company NameSIGNATURE INTERNATIONAL BERHAD  
Stock Name SIGN  
Date Announced15 Jul 2013  
CategoryGeneral Announcement
Reference NoMI-130715-61477

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionSIGNATURE INTERNATIONAL BERHAD ("SIGN" OR THE "COMPANY")

PROPOSED DISPOSAL BY SIGNATURE CABINET SDN BHD ("SCSB" OR "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF SIGN, OF TWO PARCELS OF CONTIGUOUS LAND HELD RESPECTIVELY UNDER H.S.(D) 241037, PT 9926 AND H.S.(D) 241038, PT 9927 OF PEKAN BARU SUNGAI BULOH, DISTRICT OF PETALING, STATE OF SELANGOR MEASURING APPROXIMATELY 29,728 SQUARE METRES (OR EQUIVALENT TO 319,989 SQUARE FEET) TO PURPLE HEIGHTS SDN BHD ("PHSB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF MEDA INC. BERHAD ("MEDA"), FOR A TOTAL CONSIDERATION OF RM75,200,000 TO BE SETTLED PARTLY IN CASH AND PART PAYMENT IN KIND ("PROPOSED DISPOSAL")

On behalf of the board of Directors of SIGN ("Board"), RHB Investment Bank Berhad ("RHB") wishes to announce that SCSB, a wholly-owned subsidiary of SIGN, had on 15 July 2013 entered into a conditional sale and purchase agreement with PHSB, a wholly-owned subsidiary of Meda, for the proposed disposal by SCSB of two parcels of contiguous land, measuring in aggregate approximately 29,728 square metres (or equivalent to 319,989 square feet) held under H.S.(D) 241037, PT 9926 of Pekan Baru Sungai Buloh, District of Petaling, State of Selangor and H.S.(D) 241038, PT 9927 of Pekan Baru Sungai Buloh, District of Petaling, State of Selangor to PHSB for a total consideration of RM75.20 million to be settled partly in cash and part payment in kind.

Further details of the Proposed Disposal are set out in the attachment enclosed.

This announcement is dated 15 July 2013.



AHB - OTHERS AHB HOLDINGS BERHAD (“AHB” or “the Company”) NOTICE PURSUANT TO SECTION 218(1)(e) OF THE COMPANIES ACT, 1965 SERVED ON AHB TECHNOLOGY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF AHB

Announcement Type: General Announcement
Company NameAHB HOLDINGS BERHAD  
Stock Name AHB  
Date Announced15 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130715-62389

TypeAnnouncement
SubjectOTHERS
DescriptionAHB HOLDINGS BERHAD (“AHB” or “the Company”)
NOTICE PURSUANT TO SECTION 218(1)(e) OF THE COMPANIES ACT, 1965 SERVED ON AHB TECHNOLOGY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF AHB
The Board of Directors of the Company wishes to announce that AHB Technology Sdn Bhd (“AHBT”), a wholly-owned subsidiary of AHB had on 11 July 2013, been served with a Notice pursuant to Section 218(1)(e) of the Companies Act, 1965 dated 18 June 2013 which was presented to the Shah Alam High Court by Inland Revenue Board Malaysia (“IRB”) on 18 June 2013 acting on behalf of the Government of Malaysia (“Petitioner”). The hearing has been fixed on 18 September 2013.
The Petitioner has claimed against AHBT for the outstanding amount totaling RM900,061.76 as at 6 August 2012, with interest on the principal sum of RM810,163.83 at the rate of 8% per annum calculated from the date of judgment until the date of full settlement and legal cost of RM225.00 pursuant to the judgment obtained from Kuala Lumpur High Court Suit No. S-21-221-2009. The claim was due to reinvestment allowances and certain expenses claimed that were disallowed by IRB for the year of assessment 1998. AHBT has appealed against the disallowance of these allowances and expenses previously and this has been disclosed in the annual reports of AHB for the financial years ended 30 June 2005 to 30 June 2012.

AHBT is a 100%-owned subsidiary of the Company. The Company and the Group will incur a loss of RM900,061.76 arising from this claim, should this claim be payable.

The management of the Company is of the view that the Company is entitled to the reinvestment allowances and the Company has engaged the relevant professionals to defend its position on this matter accordingly.

This announcement is dated 15 July 2013.


TSH - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameTSH RESOURCES BERHAD  
Stock Name TSH  
Date Announced15 Jul 2013  
CategoryGeneral Announcement
Reference NoMB-130715-55861

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionTSH RESOURCES BERHAD (“TSH” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF 20,860,000 NEW ORDINARY SHARES OF RM0.50 EACH IN TSH (“TSH SHARES”) REPRESENTING APPROXIMATELY 2.5% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (“PROPOSED PRIVATE PLACEMENT”)
This announcement is dated 15 July 2013.
Reference is made to the Company’s announcement dated 8 July 2013 (“First Announcement”) and 9 July 2013 in relation to the Proposed Private Placement.

On behalf of the Board of Directors of TSH (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 15 July 2013, approved the listing of and quotation for 20,860,000 new ordinary shares of RM0.50 each in TSH (“TSH Shares”), representing approximately 2.5% of the issued and paid-up share capital of TSH to be issued pursuant to the Proposed Private Placement, on the Main Market of Bursa Securities.

On behalf of the Board, AmInvestment Bank wishes to further announce that following the approval from Bursa Securities, the Board has fixed the issue price for the placement of 20,860,000 TSH Shares to be issued pursuant to the Proposed Private Placement at RM2.28 per TSH Share (“Issue Price”).

For information purposes, the said Issue Price represents a discount of approximately 4.6% over the five (5)-day volume weighted average market price of the TSH Shares up to and including 12 July 2013 of RM2.39.


ADVPKG - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameADVANCED PACKAGING TECHNOLOGY (M) BHD  
Stock Name ADVPKG  
Date Announced15 Jul 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-130715-0D3E5

Date of buy back from02/07/2013
Date of buy back to02/07/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)5,000
Minimum price paid for each share purchased ($$)1.900
Maximum price paid for each share purchased ($$)1.940
Total amount paid for shares purchased ($$)9,662.00
The name of the stock exchange through which the shares were purchased BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units)5,000
Total number of shares retained in treasury (units)1,356,016
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies15/07/2013
Lodged by SYMPHONY CORPORATEHOUSE SDN BHD


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 Announced15 Jul 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-130715-39B41

Date of buy back15/07/2013
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)26,500
Minimum price paid for each share purchased ($$)0.275
Maximum price paid for each share purchased ($$)0.275
Total consideration paid ($$)7,341.42
Number of shares purchased retained in treasury (units)26,500
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)834,400
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 (%)0.07


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

Announcement Type: General Announcement
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced15 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130715-60665

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionFITTERS DIVERSIFIED BERHAD ("FITTERS" OR "THE COMPANY")
- SIGNING OF SUPPLEMENTAL AGREEMENT BETWEEN FITTERS PROPERTY DEVELOPMENT SDN. BHD. AND EBIC DEVELOPMENT SDN. BHD.

We refer to the announcements dated 27 May 2013 and 30 May 2013 on the proposed acquisition of 100% equity interest comprising 1,000,000 ordinary shares of RM1.00 each in Superior Villa Sdn. Bhd. ("SVSB") by FITTERS Property Development Sdn. Bhd. ("FPDSB" or "the Purchaser"), a wholly-owned subsidiary of the Company ("Proposed Acquisition of SVSB").

(For consistency purposes, all definitions used in this announcement shall have the same meanings as that provided in the Company's announcements made on 27 May 2013 and 30 May 2013 in relation to the Proposed Acquisition of SVSB, except where defined therein.)

The Board of Directors of FITTERS wishes to announce that FPDSB and Ebic Development Sdn. Bhd. ("the Vendor") had on 15 July 2013 entered into a supplemental agreement ("Supplemental Agreement") to vary the terms of the Sale and Purchase of Shares Agreement dated 27 May 2013 ("Share Sale Agreement") in relation to the purchase price and appointment of project manager ("Proposed Variation").

Pursuant to the Supplemental Agreement, the Clause 1.1 and Clause 1.2 of the Share Sale Agreement shall be amended by replacement of the following:

Clause 1.1

Subject to the terms and conditions of this Agreement, the Vendor as legal and beneficial owner shall sell and the Purchaser shall purchase the Vendor’s entire shareholding in the Company comprising of one million (1,000,000) ordinary shares of RM1.00 each (hereinafter referred to as "the Sale Shares") representing one hundred percentum (100%) of the issued and paid up share capital of the Company to the Purchaser for a total purchase price of Ringgit Malaysia One Million (RM1,000,000.00) only (hereinafter referred to as "the Purchase Price") free from all charges, liens and encumbrance and with all rights now attached and hereafter attaching thereto upon the terms and conditions herein contained.

Clause 1.2

1.2 The Purchase Price shall be paid by the Purchaser to the Vendor in the manner as follows:
      1.2.1 a sum of Ringgit Malaysia Eight Hundred Thousand (RM800,000.00) (hereinafter referred to as "the Deposit") shall be paid in the following manner upon execution of this Agreement:
      1.2.2 the balance Purchase Price of the Sale Shares amounting to Ringgit Malaysia Two Hundred Thousand (RM200,000.00) Only (“Balance Purchase Price”) shall be paid by the Purchaser to the Vendor within fourteen (14) days from the date the Company obtained the advertising permit from the relevant authority in respect of the Project or three (3) months from the date of this Agreement, whichever shall be the later (hereinafter referred to as “the Completion Date”).”

Pursuant to the Proposed Variation, FPDSB and the Vendor have agreed to waive and revise the Purchase Price from Ringgit Malaysia Eight Million (RM8,000,000-00) to Ringgit Malaysia One Million (RM1,000,000-00) and in consideration of the Vendor agreeing to such waiver and revision, FPDSB agrees, on completion of the acquisition of the Sale Shares under the Share Sale Agreement:

(a) to appoint the Vendor or the Vendor’s designated affiliated company (hereinafter in such capacity and called “the Project Manager”) as the project and development manager for the management and development of the Project and cause FPDSB to enter into a project management agreement with the Project Manager as project manager incorporating the following terms as set out in item (b) below and on such other terms and conditions that the parties, FPDSB and the Project Manager shall mutually agree upon;

(b) to pay a project management fee for the project management based at two point five percent (2.5%) of the gross development value of the Project (but such project management fee to not exceed Ringgit Malaysia Four Million Five Hundred Thousand (RM4,500,000-00) payable progressively based on architect’s certification of progressive work done under the main contract to be awarded for the Project;

(c) to appoint the Vendor or the Vendor’s designated affiliate, in addition to providing project management services, to carry out the following works of an aggregate amount not exceeding Ringgit Malaysia Three Million (RM3,000,000-00) for the Project;
        (i) site clearance for Ringgit Malaysia Five Hundred Thousand (RM500,000-00);
        (ii) earthworks for Ringgit Malaysia Two Million (RM2,000,000-00);
        (iii) drainage system for Ringgit Malaysia Five Hundred Thousand (RM500,000-00);
          provided that payments shall be progressively made based on architect’s or engineer’s certification of progressive work done for each of these work packages; and

      (d) to cause, on completion of the Share Sale Agreement, FPDSB to award works packages not exceeding Ringgit Malaysia Eight Million (RM8,000,000-00) to the Vendor or the Vendor’s designated affiliate (hereinafter in such capacity and called “the Nominated Sub-Contractor”) for such works packages as shall be identified and specified during the tender process for the development of the Project.

      Save as disclosed in this announcement, all other terms of the Proposed Acquisition of SVSB remained unchanged.

      The Proposed Variation is not expected to have any material effect on share capital, substantial shareholders’ shareholdings, earnings and net assets of the Company for the financial year ending 31 December 2013.

      None of the Directors or major shareholders of FITTERS or persons connected to them have any interest, direct or indirect, in the Proposed Variation.

      A copy of the Supplemental Agreement is available for inspection at the Registered Office of FITTERS at Wisma FITTERS, No. 1, Jalan Tembaga SD 5/2, Bandar Sri Damansara, 52200 Kuala Lumpur during normal office hours from Monday to Friday (except public holidays) for a period of three months from the date of this announcement.

      This announcement is dated 15 July 2013.


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