August 23, 2013

Company announcements: MPCORP, AXIATA, PA, PA-WA, EKSONS, SANBUMI, BONIA

MPCORP - KUALA LUMPUR HIGH COURT (“THE COURT”) ORIGINATING SUMMONS NO. 24NCVC-1341-08/2013 - WISMA MPL JMB (“JMB” OR “THE PLAINTIFF”) VS MALAYSIA PACIFIC CORPORATION BERHAD (“MPCORP” OR “THE COMPANY”)

Announcement Type: General Announcement
Company NameMALAYSIA PACIFIC CORPORATION BERHAD  
Stock Name MPCORP  
Date Announced23 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130823-63383

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDBL-130821-52398
SubjectKUALA LUMPUR HIGH COURT (“THE COURT”) ORIGINATING SUMMONS NO. 24NCVC-1341-08/2013 - WISMA MPL JMB (“JMB” OR “THE PLAINTIFF”) VS MALAYSIA PACIFIC CORPORATION BERHAD (“MPCORP” OR “THE COMPANY”)
DescriptionKUALA LUMPUR HIGH COURT (“THE COURT”) ORIGINATING SUMMONS NO. 24NCVC-1341-08/2013 - WISMA MPL JMB (“JMB” OR “THE PLAINTIFF”) VS MALAYSIA PACIFIC CORPORATION BERHAD (“MPCORP” OR “THE COMPANY”)
Query Letter Contents We refer to your Company's announcement dated 20 August 2013 in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-

1. The details of the default or circumstances leading to the filing of the
Originating Summons against your Company.
2. To explain the relationship of JMB being the Management and Maintenance Body
of Wisma MPL with MPCORP.
3. The amount of monies or income derived from the operation of the Car Parks
since 5 April 2008 until to-date and the impact to the Company in the event of
lost of ownership of the Car Park.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully



KHOO KAY KWAN
Head, Issuers
Listing Division
Group Regulations

KKK/MZM/BL

copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
We refer to our announcements dated 20 August 2013 (“First Announcement”) and 22 August 2013 and Bursa Malaysia Securities Berhad’s query letter dated 21 August 2013 ("Bursa Securities' Letter") in relation to the Court Originating Summons No. 24NCVC-1341-08/2013 from JMB against the Company. Unless otherwise stated, the defined terms used in this announcement shall carry the same meaning as defined in the First Announcement.

The Company wishes to provide the following additional information in relation to Q3 of the above Bursa Securities' Letter:

The net income derived from the operation of the Car Parks after deducting the operating expenses since 5 April 2008 until to-date is approximately RM5.0 million. The Board of Directors views that the claim does not has any material impact to the Company. The Company will do its best to mitigate the losses by taking appropriate steps to counter-claim any damages and losses from the third party or parties and be indemnified for any losses arising out of loss of ownership of the Car Parks.

This announcement is dated 23 August 2013.


AXIATA - Changes in Sub. S-hldr's Int. (29B) - Khazanah Nasional Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced23 Aug 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAG-130823-2D04A

Particulars of substantial Securities Holder

NameKhazanah Nasional Berhad
AddressLevel 33, Tower 2, Petronas Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur
NRIC/Passport No/Company No.275505-K
Nationality/Country of incorporationIncorporated in Malaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderKhazanah Nasional Berhad, Level 33, Tower 2, Petronas Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Transferred19/08/2013
22,600
 
Transferred19/08/2013
562,242
 
Transferred20/08/2013
64,800
 

Circumstances by reason of which change has occurredTransfer of 87,400 Ordinary shares of RM1.00 each in Axiata Group Berhad ("Axiata Shares") from Khazanah Nasional Berhad ("Khazanah") to Axiata's employees via CIMSEC Nominees (Tempatan) Sdn Bhd ("CIMSEC Nominees") in connection with Axiata ESOS^



Transfer of 562,242 Axiata Shares from Axiata's employees to Khazanah via CIMSEC Nominees in connection with Axiata ESOS^



^The transfer of Axiata Shares to Axiata's employees is made in accordance with the Selling Flexibility Arrangement under the Axiata ESOS to facilitate the immediate sale of Axiata Shares by Axiata's employees who have exercised their Axiata ESOS options under this arrangement. Taking into consideration the transfer of shares/return of such number of shares, Khazanah is deemed to have an interest (pursuant to Section 6A of the Companies Act, 1965) in 595,200 Axiata Shares (which is already reflected in Khazanah's indirect/deemed interest disclosed below), being the outstanding number of Axiata Shares to be returned to Khazanah under the Selling Flexibility Arrangement
Nature of interestDirect & Indirect
Direct (units)3,238,919,155 
Direct (%)37.95 
Indirect/deemed interest (units)84,415,540 
Indirect/deemed interest (%)0.99 
Total no of securities after change3,323,334,695
Date of notice23/08/2013

Remarks :
Form 29B received on 23 August 2013


PA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameP.A. RESOURCES BERHAD  
Stock Name PA  
Date Announced23 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130823-30865

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionP.A. Resources Berhad
-Dealing by Director during closed period pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

We wish to announce that P.A. Resources Berhad ("the Company") has received a notification pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad from Mr Chong Sze San who is the Group Managing Director of the Company in relation to his direct disposal of 3,423,600 ordinary shares of RM0.10 each and 7,672,600 Warrants 2010/2015 in the Company  during Closed Period, details of which are set out below:-


Ordinary Shares of RM0.10 each

Name of Director
Date Transacted
Opening Balance
No. of Shares Disposed
Percentage of Shares Disposed
*Consideration
(RM)
Closing Balance
Percentage of Shares Held After the Transaction

      Chong Sze San

Direct Interest
22.08.2013
29,000,000

3,423,600

0.40
0.138
25,576,400
2.97%
Indirect Interest
-
5,198,580
-
-
-
5,198,580
-


Warrants 2010/2015


Name of Director
Date Transacted
Opening Balance
No. of Warrants Disposed
Percentage of Warrants Disposed
*Consideration
(RM)
Closing Balance
Percentage of Warrants Held After the Transaction

    Chong Sze San

Direct Interest
22.08.2013
19,594,117

7,672,600

8.50%
0.043
11,921,517
13.21%
Indirect Interest
-
423
-
-
-
423
-


* Price Per Share/Per Warrant

This announcement is dated 23 August 2013.

 


PA - Changes in Director's Interest (S135) - Chong Sze San

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 Announced23 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130823-30864

Information Compiled By KLSE

Particulars of Director

NameChong Sze San
AddressNo. 8 Jalan LE 1-1
Off Persiaran Lake Edge
47100 Bandar Metro Puchong
Selangor Darul Ehsan
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)
Disposed
22/08/2013
3,423,600
0.138 

Circumstances by reason of which change has occurredDisposal of shares in the open market
Nature of interestDirect interest
Consideration (if any)RM472,456.80 

Total no of securities after change

Direct (units)25,576,400 
Direct (%)2.97 
Indirect/deemed interest (units)5,198,580 
Indirect/deemed interest (%)0.61 
Date of notice23/08/2013

Remarks :
Deemed interest by virtue of shareholdings of his son, Chong Chern Shean (5,198,580).

The above disposal of 3,423,600 represents 0.40% of the issued and paid up capital of the Company.

This announcement also serves as a notification pursuant to Paragraph 14.08(d) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad.


PA - Changes in Director's Interest (S135) - Len Yoong Chan

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 Announced23 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130823-30859

Information Compiled By KLSE

Particulars of Director

NameLen Yoong Chan
AddressNo. 8 Jalan LE 1-1
Off Persiaran Lake Edge
47100 Bandar Metro Puchong
Selangor Darul Ehsan
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)
Disposed
22/08/2013
3,423,600
0.138 

Circumstances by reason of which change has occurredDisposal of shares by her husband, Chong Sze San
Nature of interestDeemed interest
Consideration (if any)RM472,456.80 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)30,774,980 
Indirect/deemed interest (%)3.58 
Date of notice23/08/2013

Remarks :
Deemed interest by virtue of shareholdings of her husband, Chong Sze San (25,576,400) and her son, Chong Chern Shean (5,198,580).

The above disposal of 3,423,600 represents 0.40% of the issued and paid up capital of the Company.

This announcement also serves as a notification pursuant to Parapraph 14.08(d) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad.


PA-WA - Changes in Director's Interest (S135) - Len Yoong Chan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameP.A. RESOURCES BERHAD  
Stock Name PA-WA  
Date Announced23 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130823-3086F

Information Compiled By KLSE

Particulars of Director

NameLen Yoong Chan
AddressNo. 8 Jalan LE 1-1
Off Persiaran Lake Edge
47100 Bandar Metro Puchong
Selangor Darul Ehsan
Descriptions(Class & nominal value)Warrants 2010/2015

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
22/08/2013
7,672,600
0.043 

Circumstances by reason of which change has occurredDisposal of warrants by her husband, Chong Sze San
Nature of interestDeemed interest
Consideration (if any)RM329,921,80 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)11,921,940 
Indirect/deemed interest (%)13.21 
Date of notice23/08/2013

Remarks :
Deemed interest by virtue of the warrants holdings of her husband, Chong Sze San (11,921,517) and her son, Chong Chern Shean (423).

This announcement also serves as a notification pursuant to Paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


PA-WA - Changes in Director's Interest (S135) - Chong Sze San

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameP.A. RESOURCES BERHAD  
Stock Name PA-WA  
Date Announced23 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130823-30870

Information Compiled By KLSE

Particulars of Director

NameChong Sze San
AddressNo. 8 Jalan LE 1-1
Off Persiaran Lake Edge
47100 Bandar Metro Puchong
Selangor Darul Ehsan
Descriptions(Class & nominal value)Warrants 2010/2015

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
22/08/2013
7,672,600
0.043 

Circumstances by reason of which change has occurredDisposal of warrants in the open market
Nature of interestDirect interest
Consideration (if any)RM329,921.80 

Total no of securities after change

Direct (units)11,921,517 
Direct (%)13.21 
Indirect/deemed interest (units)423 
Indirect/deemed interest (%)0.0005 
Date of notice23/08/2013

Remarks :
Deemed interest by virtue of warrant holdings of his son Chong Chern Shean (423)

This announcement also serves as a notification pursuant to Paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


EKSONS - Quarterly rpt on consolidated results for the financial period ended 30/6/2013

Announcement Type: Financial Results
Company NameEKSONS CORPORATION BERHAD  
Stock Name EKSONS  
Date Announced23 Aug 2013  
CategoryFinancial Results
Reference NoEC-130822-54420

Financial Year End31/03/2014
Quarter1
Quarterly report for the financial period ended30/06/2013
The figureshave not been audited

Attachments

1st Quarter 30 06 13.pdf
157 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2013
30/06/2012
30/06/2013
30/06/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
79,939
111,000
79,939
111,000
2Profit/(loss) before tax
17,786
11,987
17,786
11,987
3Profit/(loss) for the period
13,632
11,578
13,632
11,578
4Profit/(loss) attributable to ordinary equity holders of the parent
9,065
9,945
9,065
9,945
5Basic earnings/(loss) per share (Subunit)
5.52
6.06
5.52
6.06
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
2.5100
2.4500
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


SANBUMI - Quarterly rpt on consolidated results for the financial period ended 30/6/2013

Announcement Type: Financial Results
Company NameSANBUMI HOLDINGS BERHAD  
Stock Name SANBUMI  
Date Announced23 Aug 2013  
CategoryFinancial Results
Reference NoCP-130821-57217

Financial Year End31/03/2014
Quarter1
Quarterly report for the financial period ended30/06/2013
The figureshave not been audited

Attachments

Q1-2014-ACCTs.xls
92 KB

Q1-2014-NOTES.doc
123 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2013
30/06/2012
30/06/2013
30/06/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
23,531
21,389
23,531
21,389
2Profit/(loss) before tax
109
80
109
80
3Profit/(loss) for the period
1,088
-291
1,088
-291
4Profit/(loss) attributable to ordinary equity holders of the parent
1,087
-294
1,087
-294
5Basic earnings/(loss) per share (Subunit)
0.62
-0.17
0.62
-0.17
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.6300
0.6200
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


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

Announcement Type: General Announcement
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced23 Aug 2013  
CategoryGeneral Announcement
Reference NoBC-130823-42793

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionPursuant to paragraph 10.09(1) of the of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Bonia Corporation Berhad ("Bonia" or "the Company") wish to announce that the following subsidiary companies of Bonia between 1 March 2013 to 31 July 2013 have in the ordinary course of their business entered into certain transactions of a revenue or trading nature.

Introduction

Pursuant to paragraph 10.09(1) of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Bonia Corporation Berhad ("Bonia" or "the Company") wish to announce that the following subsidiary companies of Bonia between 1 March 2013 to 31 July 2013 have in the ordinary course of their business entered into certain transactions of a revenue or trading nature with the following related party:-

No.

Transacting parties

Subsidiary companies within the Group

Nature of transactions

Interested

parties and nature of relationship

Amount transacted

RM’000

1.

Bonia International Holdings Pte Ltd

Active World Pte Ltd

Payment of Bonia, Carlo Rino and Sembonia trademarks royalties

Note 1

43

2.

BIH Franchising Ltd

Daily Frontier Sdn Bhd

CB Marketing Sdn Bhd

Banyan Sutera Sdn Bhd

SBL Marketing Sdn Bhd

SB Directions Sdn Bhd

Vista Assets Sdn Bhd

CRV Sdn Bhd

De Marts Marketing Sdn Bhd

Dominion Directions Sdn Bhd

Galaxy Hallmark Sdn Bhd

Eclat World Sdn Bhd

SBFW Marketing Sdn Bhd

SB International Sdn Bhd

CRL Marketing Sdn Bhd

CRF Marketing Sdn Bhd

CR Boutique Sdn Bhd

Payment of Bonia, Carlo Rino and Sembonia trademarks royalties

Note 2

1,123

3.

Long Bow Manufacturing (S) Pte Ltd

Active World Pte Ltd

Jetbest Enterprise Pte Ltd

Payment of office rental

Note 3

558

Total

1,724

Notes:

1 Mr Chiang Sang Sem is a director and major shareholder of Bonia International Holdings Pte Ltd holding 60% equity interest. He is also the major shareholder and director of the Company.

2 Mr Chiang Sang Sem is the major shareholder of BIH Franchising Ltd holding 100% equity interest. He is also a major shareholder and director of the Company.

3 Mr Chiang Sang Sem is a director and major shareholder of Long Bow Manufacturing (S) Pte. Ltd. holding 83.92% equity interest. His brother, Mr Chiang Boon Tian is also a director and shareholder of Long Bow Manufacturing (S) Pte. Ltd. holding 13.58% equity interest. Mr Chiang Sang Sem is also the major shareholder and director of the Company.

The above amount of which by way of aggregation, has exceeded the prescribed limit of RM1 million in respect of recurrent transactions entered into by the Group and its subsidiary companies with related party from 1 March 2013 to 31 July 2013.



Nature of RRPTs

The RRPTs entered into by the Group and their subsidiary companies are in the ordinary course of business and are of revenue and trading in nature. These transactions are made on an arm's length basis and on normal commercial terms. These transactions are also not prejudicial to the interest of the shareholders and not more favorable to the Related Parties than those generally available to the public and are not detrimental to the minority shareholders.



Rationale for the transactions

The principal activities of Bonia are primarily an investment holding and management company. Its subsidiaries are principally involved in designing, manufacturing, promoting, marketing, import and export of fashionable leather goods, accessories, apparel, ladies and men’s footwear.

Bonia International Holdings Pte Ltd and BIH Franchising Ltd are the Licensor and Master Licensee for Bonia, Carlo Rino and Sembonia trademarks for territories outside Malaysia and Singapore respectively. Sales by the subsidiary companies derived from territories outside Malaysia and Singapore are subject to royalties’ payment to the Licensor or the Master Licensee. The royalties are calculated based on percentage of the sales derived from the respective territories as per the licensing or sublicensing agreements. The Licensor and Master Licensee will only raise debit notes for the royalties’ payable by our subsidiary companies upon confirmation of sales by the respective subsidiaries. Due to the administrative procedures from the time we retrieve the sales from our overseas outlets until the issuing of debit notes by the trademark owner, time delay between the last transacted date and the date of announcement is expected.

Active World Pte Ltd and Jetbest Enterprise Pte Ltd are renting the office space from Long Bow Manufacturing (S) Pte Ltd as its corporate office, showroom and warehouse in Singapore. Thus, there is a payment of office rental for renting of the premises.


Details of the transaction prices

The transactions, which are in the ordinary course of the Bonia Group’s business, are undertaken at the prevailing prices or market rates and are based on usual commercial terms not more favorable to the related party than those generally available to the public, or otherwise in accordance with the applicable industry norms. Where there is no market value for a particular transaction, the transaction will be on a willing buyer willing seller basis or the nearest equivalent.

The effect of the transactions on the earnings per share and net assets per share of Bonia

The transactions have no material effect to the earnings per share and net assets per share of Bonia.

Whether the transactions are subject to the approval of shareholders and the relevant government authorities

The recurrent related party transactions do not require any approval from shareholders and relevant government authorities.

Statement by Directors

Save for Mr Chiang Sang Sem, who is an interested Director to the RRPTs and has abstained from deliberations on the RRPTs, the Board of Directors of Bonia, have considered all aspects of the transactions and is of the opinion that the transactions are established under normal commercial terms and are in the best interest of the Company and not to the detriment of the minority shareholders.


This amended announcement is dated 23 August 2013.



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