July 9, 2013

Company announcements: QL, IRETEX, PA, HELP, DIALOG, TIENWAH, MTEAM

QL - OTHERS (Amended Announcement)

Announcement Type: General Announcement
Company NameQL RESOURCES BERHAD  
Stock Name QL  
Date Announced9 Jul 2013  
CategoryGeneral Announcement
Reference NoQR-130709-9667C

TypeAnnouncement
SubjectOTHERS
DescriptionNew subsidiary - PT QL Feed

The Board of Directors of QL Resources Berhad (“QL”) wishes to announce that QL's wholly-owned subsidiaries, QL Feedingstuffs Sdn. Bhd. (“QL Feedingstuffs”) and QL Realty Sdn. Bhd. (“QL Realty”) have on 9 July 2013, received approval from the Ministry of Justice and Human Rights for the incorporation of a wholly-owned subsidiary known as PT QL Feed (“PT QL Feed”), in Indonesia.

The authorized and paid up share capital of PT QL Feed is USD500,000 and USD500,000 respectively. Its principal activity is to engage in general trading of animal feed raw materials and related products.


The investment in PT QL Feed will be financed via internally generated funds and borrowings.


The incorporation of PT QL Feed is in line with the QL Group's strategy to expand its animal feed raw materials distribution business and related products overseas.

The incorporation of PT QL Feed shall not have any effect on the issued and paid up capital of QL and no material effect on net tangible assets, gearing and earnings of the Group for the financial year ending 31 March 2014. However, barring any unforeseen circumstances, it is expected to have a positive impact on the consolidated earnings of the Group in the future.

The incorporation of new subsidiary is not subject to any approvals from regulatory bodies or the shareholders of QL.

The Directors of QL are of the opinion that the above incorporation are in the best interest of QL.

None of the Directors or substantial shareholders of QL, or persons connected to such Directors or substantial shareholders has any interest, direct or indirect, in the above transaction.

This announcement is dated 9 July 2013.



IRETEX - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameIRE-TEX CORPORATION BERHAD  
Stock Name IRETEX  
Date Announced9 Jul 2013  
CategoryChange in Boardroom
Reference NoCC-130709-61592

Date of change13/06/2013
NameTimothy Ian O'Hearn
Age62
NationalityAmerican
Type of changeDemised
DesignationNon-Executive Director
DirectorateNon Independent & Non Executive
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest - 20,000 ordinary shares of RM1.00 each

Indirect interest - 5,319,434 ordinary shares of RM1.00 each 

Remarks :
The Company only received notification on Friday, 5 July, 2013 of Mr. Timothy Ian O'Hearn's sudden demise in an accident in Austin, Texas, USA.


PA - Changes in Director's Interest (S135) - Dato' Ng Tong Hai

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced9 Jul 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130709-52068

Information Compiled By KLSE

Particulars of Director

NameDato' Ng Tong Hai
AddressNo. 65 Lorong Gopeng
Taman Golf 31350 Ipoh
Perak Darul Ridzuan
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
08/07/2013
200,000
0.135 

Circumstances by reason of which change has occurredAcquisition of 200,000 ordinary shares by his wife, Liew Yoke Keng
Nature of interestDeemed Interest
Consideration (if any)RM27,000.00 

Total no of securities after change

Direct (units)187,353,900 
Direct (%)21.77 
Indirect/deemed interest (units)3,135,000 
Indirect/deemed interest (%)0.36 
Date of notice08/07/2013

Remarks :
This announcement also serves as a notification pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The above acquisition of 200,000 represents 0.02% of the issued and paid up capital of the Company.

Deemed interest by virtue of the shareholdings in Reka Roller Shutter Sdn. Bhd. (2,645,000) and shares held by his wife, Liew Yoke Keng (200,000) and (290,000) via Maybank Nominees (Tempatan) Sdn. Bhd. pleged securities account for Liew Yoke Keng respectively.


PA - Changes in Sub. S-hldr's Int. (29B) - Dato' Ng Tong Hai

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced9 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130709-52499

Particulars of substantial Securities Holder

NameDato' Ng Tong Hai
AddressNo. 65 Lorong Gopeng
Taman Golf 31350 Ipoh
Perak Darul Ridzuan
NRIC/Passport No/Company No.540814-71-5409
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderCIMSEC Nominees (Tempatan) Sdn Bhd
CIMB Bank for Ng Tong Hai (MY1348)
Level 7, Wisma Amanah Raya Berhad
Jalan Semantan Damansara Heights
50490 Kuala Lumpur
Wilayah Persekutuan
Malaysia

Maybank Nominees (Tempatan) Sdn Bhd
Pledged securities account for Ng Tong Hai
14th Floor, Menara Maybank
100, Jalan Tun Perak
50050 Kuala Lumpur
Wilayah Persekutuan
Malaysia

Ng Tong Hai
No. 65 Lorong Gopeng
Taman Golf 31350 Ipoh
Perak Darul Ridzuan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired08/07/2013
200,000
0.135 

Circumstances by reason of which change has occurredAcquisition of 200,000 shares by his wife, Liew Yoke Keng
Nature of interestDeemed interest
Direct (units)187,353,900 
Direct (%)21.77 
Indirect/deemed interest (units)3,135,000 
Indirect/deemed interest (%)0.36 
Total no of securities after change190,488,900
Date of notice08/07/2013

Remarks :
The above acquisition of 200,000 represents 0.02% of the issued and paid capital of the Company.

Deemed interest by virtue of the shareholdings in Reka Roller Shutter Sdn. Bhd. (2,645,000) and shares held by his wife, Liew Yoke Keng (200,000) and (290,000) via Maybank Nominees (Tempatan) Sdn. Bhd. pledged securities account for Liew Yoke Keng respectively.


HELP - OTHERS HELP INTERNATIONAL CORPORATION BERHAD ("HELP" or "the Company") - Approval granted for Application of Investment Tax Allowance (“ITA”) Incentive for a wholly-owned subsidiary

Announcement Type: General Announcement
Company NameHELP INTERNATIONAL CORPORATION BERHAD  
Stock Name HELP  
Date Announced9 Jul 2013  
CategoryGeneral Announcement
Reference NoCS-130709-9948E

TypeAnnouncement
SubjectOTHERS
DescriptionHELP INTERNATIONAL CORPORATION BERHAD ("HELP" or "the Company") - Approval granted for Application of Investment Tax Allowance (“ITA”) Incentive for a wholly-owned subsidiary
The Board of Directors of HELP wishes to inform that HELP Education Services Sdn. Bhd.(“HESSB”), a wholly-owned subsidiary of the Company has received a letter dated 21 June 2013 from the Malaysian Investment Development Authority (“MIDA”) granting its approval for HESSB’s application of ITA Incentive.
This incentive is part of the key initiatives introduced by the Government of Malaysia under the Economic Transformation Programme to promote the establishment of international schools in Malaysia.

Pursuant to Income Tax (Exemption) (No. 9) Order 2012 of the Income Tax Act, 1967 (hereinafter referred to as “the Tax Exemption Order”) for the establishment of new international schools, HESSB has been granted an allowance of one hundred per centum (100%) in respect of the qualifying capital expenditure (“QCE”) incurred within five (5) years from the date from which the first QCE is incurred. The said allowance can be utilised by HESSB to set-off up to seventy per centum (70%) of its statutory income in the year of assessment.

HESSB has planned to establish an international school at Subang Bestari, Shah Alam, tentatively to be known as HELP International School (“HIS”).

Based on HESSB’s planned QCE (Phase 1) of approximately RM 44 million for the construction of HIS, HESSB is expected to enjoy lower tax payables from its future profits derived from HIS.

Note:

Pursuant to the Tax Exemption Order, the QCE is defined as “capital expenditure incurred by a company incorporated under the Companies Act, 1965 for the purpose of the business of international school of which the said company has made an application to MIDA on or after 14 July 2010 but no later than 31 December 2015.”

This announcement is dated 9 July 2013.


DIALOG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced9 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-130709-682BA

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each.
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/07/2013
3,444,300
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Direct (units)372,731,735 
Direct (%)15.48 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change372,731,735
Date of notice09/07/2013

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 3,444,300 shares) - 308,668,194 shares
Employees Provident Fund Board - 1,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 1,485,054 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 8,059,300 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 21,866,367 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 8,485,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) - 15,067,820 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - 3,100,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (RHB INV) - 1,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - 3,000,000 shares

Total No. of shares - 372,731,735 shares


TIENWAH - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Angkatan Tentera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTIEN WAH PRESS HOLDINGS BERHAD  
Stock Name TIENWAH  
Date Announced9 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130709-44B8F

Particulars of substantial Securities Holder

NameLembaga Tabung Angkatan Tentera
AddressTingkat 10-12, Bangunan LTAT
Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.ACT1011973
Nationality/Country of incorporationIncorporated in Malaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderLembaga Tabung Angkatan Tentera
Tingkat 10-12, Bangunan LTAT
Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed02/07/2013
10,200
 
Acquired03/07/2013
321,100
 
Acquired04/07/2013
364,200
 
Acquired05/07/2013
200,000
 

Circumstances by reason of which change has occurred1) Disposal
2), 3) & 4) Acquisition
Nature of interestDirect
Direct (units)13,520,358 
Direct (%)14.01 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change13,520,358
Date of notice09/07/2013


MTEAM - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMAJOR TEAM HOLDINGS BERHAD  
Stock Name MTEAM  
Date Announced9 Jul 2013  
CategoryChange in Boardroom
Reference NoCC-130709-60440

Date of change08/07/2013
NameMichael Lim Hee Kiang
Age65
NationalityMalaysian
DesignationChairman
DirectorateIndependent & Non Executive
Type of changeResignation
ReasonMr. Michael Lim Hee Kiang holds more than five (5) directorships in public companies.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsHe is an Advocate and Solicitor, and holds an LLB degree with Second Class Upper Honours and an LLM degree with Distinction from Victoria University of Wellington, New Zealand (1972/1973).  
Working experience and occupation He was admitted as a Barrister and Solicitor of the Supreme Court of New Zealand in 1973. Upon returning to Malaysia in 1974, Mr. Lim was admitted to the High Court of Sarawak and Brunei and subsequently to the High Court of Malaya in 1978. He was a lecturer in the Law Faculty of the University of Malaya from 1975 to 1977. He joined Messrs. Shearn Delamore & Co. in 1978 and has been a partner of the firm for the last 30 years.  
Directorship of public companies (if any)1.DKSH Holdings (Malaysia) Berhad
2. Seloga Holdings Berhad
3. Selangor Properties Berhad
4. Paragon Union Berhad
5. Wawasan TKH Holdings Berhad  
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 

Remarks :
That contingent upon the above, Mr. Michael Lim Hee Kiang shall cease as a Chairman of the Audit Committee, Nomination Committee and Remuneration Committee accordingly.


MTEAM - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameMAJOR TEAM HOLDINGS BERHAD  
Stock Name MTEAM  
Date Announced9 Jul 2013  
CategoryChange in Audit Committee
Reference NoCC-130709-61348

Date of change08/07/2013
NameMichael Lim Hee Kiang
Age65
NationalityMalaysian
Type of changeResignation
DesignationChairman of Audit Committee
DirectorateIndependent & Non Executive
QualificationsHe is an Advocate and Solicitor, and holds an LLB degree with Second Class Upper Honours and an LLM degree with Distinction from Victoria University of Wellington, New Zealand (1972/1973).  
Working experience and occupation He was admitted as a Barrister and Solicitor of the Supreme Court of New Zealand in 1973. Upon returning to Malaysia in 1974, Mr. Lim was admitted to the High Court of Sarawak and Brunei and subsequently to the High Court of Malaya in 1978. He was a lecturer in the Law Faculty of the University of Malaya from 1975 to 1977. He joined Messrs. Shearn Delamore & Co. in 1978 and has been a partner of the firm for the last 30 years.  
Directorship of public companies (if any)1.DKSH Holdings (Malaysia) Berhad
2. Seloga Holdings Berhad
3. Selangor Properties Berhad
4. Paragon Union Berhad
5. Wawasan TKH Holdings Berhad  
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)1. Fung Beng Ee - Independent, Non-Executive Director (member)
2. Lau Yoke Keen - Independent, Non-Executive Director (member)


MTEAM - OTHERS MAJOR TEAM HOLDINGS BERHAD ("the Company") - Change in Composition of Nomination Committee and Remuneration Committee

Announcement Type: General Announcement
Company NameMAJOR TEAM HOLDINGS BERHAD  
Stock Name MTEAM  
Date Announced9 Jul 2013  
CategoryGeneral Announcement
Reference NoCC-130709-62516

TypeAnnouncement
SubjectOTHERS
DescriptionMAJOR TEAM HOLDINGS BERHAD ("the Company")
- Change in Composition of Nomination Committee and Remuneration Committee
The Board of Directors of the Company wishes to inform that Michael Lim Hee Kiang has resigned as a Director of the Company with effect from 8 July 2013 and consequently, he also ceased to be a Member of the Nomination Committee and Remuneration Committee. Consequent thereto, the Nomination Committee and Remuneration Committee shall constitute the following members:-
Nomination Committee

Mr. Fung Beng Ee - Independent Non-Executive Director (Member)

Remuneration Committee


Linda Goh Lay Choon - Executive Director (Member)

This announcement is dated 9 July 2013.


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