September 24, 2013

Company announcements: CUSCAPI, INIX, FBMKLCI-EA, MAYBANK, IGB, AFG, FCW, HLIND, PANAMY, MPI

CUSCAPI - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameCUSCAPI BERHAD  
Stock Name CUSCAPI  
Date Announced24 Sept 2013  
CategoryChange in Boardroom
Reference NoCC-130904-34234

Date of change24/09/2013
NameTEOH HOAY MING
Age36
NationalityMalaysian
DesignationChief Operating Officer
DirectorateExecutive
Type of changeResignation
ReasonPersonal Business Commitment
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
QualificationsBachelor Degree in Electrical Engineering from Universiti Teknologi Malaysia (UTM) 
Working experience and occupation Mr. Teoh Hoay Ming has served in various technology and consultancy companies in the last 10 years. He has accumulated vast experiences in IT project implementation and business consultancy, during his tenure in Dell and Accenture. He then joined Adeptis Solutions in 2003, leading the development and marketing of its automotive solutions.

He also served and managed the delivery of IT projects for various local and regional clients, mainly in telecommunication and automotive industry. Some of these clients include TIME dotcom, Advanced Information Services (Thailand), Celcom, Hyundai Sime Darby, Naza Group of Companies, Mercedes Benz Malaysia, Boon Siew Honda and Bermaz. 
Directorship of public companies (if any)NIL 
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: 6,046,666 ordinary shares and 100,001 warrants
Indirect Interest: 223,650 ordinary shares and 63,900 warrants 


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

Announcement Type: General Announcement
Company NameINIX TECHNOLOGIES HOLDINGS BERHAD (ACE Market) 
Stock Name INIX  
Date Announced24 Sept 2013  
CategoryGeneral Announcement
Reference NoOS-130924-64091

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionINIX TECHNOLOGIES HOLDINGS BHD (“INIX” OR THE “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF INIX (“PROPOSED PRIVATE PLACEMENT”)

We refer to the announcements made on 26 April 2013, 29 April 2013, 9 May 2013, and 20 September 2013 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of INIX, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 24 September 2013, approved the listing of and quotation for up to 12,644,500 Placement Shares to be issued pursuant to the Proposed Private Placement subject to the following conditions:

(i) INIX and TA Securities must fully comply with the relevant provisions under the Bursa Securities ACE Market Listing Requirements (“Listing Requirements”) pertaining to the implementation of the Proposed Private Placement;

(ii) INIX and TA Securities to inform Bursa Securities upon the completion of the Proposed Private Placement; and

(iii) INIX to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed.

INIX is required to ensure full compliance of all requirements as provided under the ACE Market Listing Requirements at all times.

This announcement is dated 24 September 2013.



FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameFTSE BURSA MALAYSIA KLCI ETF  
Stock Name FBMKLCI-EA  
Date Announced24 Sept 2013  
CategoryGeneral Announcement
Reference NoFB-130924-31FA1

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFTSE Bursa Malaysia KLCI etf - Valuation Point as at 24 September 2013

Fund: FTSE Bursa Malaysia KLCI etf
NAV per unit (RM): 1.8428
Units in circulation (units): 1,672,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,792.48

Attachments

FBM KLCI etf 20130924.xls
35 KB



MAYBANK - OTHERS Press Release : Senior Management Changes at Maybank Investment Bank

Announcement Type: General Announcement
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced24 Sept 2013  
CategoryGeneral Announcement
Reference NoMB-130924-44490

TypeAnnouncement
SubjectOTHERS
DescriptionPress Release : Senior Management Changes at Maybank Investment Bank

Attached is the media announcement dated 24 September 2013.

Attachments

Maybank Press Release.pdf
66 KB



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

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIGB CORPORATION BERHAD  
Stock Name IGB  
Date Announced24 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIC-130924-56E50

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board (EPF)
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderEPF
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur

Citigroup Nominees (Tempatan) Sdn Bhd (Citigroup) - EPF
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Citigroup - EPF (NOMURA)
- Address as above

Citigroup - EPF (HDBS)
- Address as above

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed19/09/2013
215,800
 

Circumstances by reason of which change has occurredDisposal of shares by EPF's registered holder
Nature of interestDirect
Direct (units)85,732,751 
Direct (%)6.21 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change85,732,751
Date of notice20/09/2013

Remarks :
EPF's notice was received on 24/9/2013


AFG - 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 NameALLIANCE FINANCIAL GROUP BERHAD  
Stock Name AFG  
Date Announced24 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAF-130924-430A7

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 RM1.00 each
Name & address of registered holderi) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (Acquisition of 143,000 shares)
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

ii) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)(Disposal of 220,000 shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired18/09/2013
143,000
 
Disposed18/09/2013
220,000
 

Circumstances by reason of which change has occurredi) Acquired
ii) Disposed
Nature of interestDirect Interest
Direct (units)246,787,440 
Direct (%)15.94 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change246,787,440
Date of notice19/09/2013

Remarks :
The Form 29B dated 19 September 2013 was received on 23 September 2013.


FCW - (I) Shareholders Agreement between FCW Holdings Berhad , IJM Land Berhad and 368 Segambut Sdn Bhd; and (II) Proposed Disposal of 4 pieces of freehold land held by two wholly-owned subsidiaries namely Federal Telecommunications Sdn Bhd ("FTSB") and FCW Industries Sdn Bhd ("FCWI") (jointly referred to herein as "the Proposals")

Announcement Type: General Announcement
Company NameFCW HOLDINGS BERHAD  
Stock Name FCW  
Date Announced24 Sept 2013  
CategoryGeneral Announcement
Reference NoCQ-130923-57238

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDTE-130920-51963
Subject(I) Shareholders Agreement between FCW Holdings Berhad , IJM Land Berhad and 368 Segambut Sdn Bhd; and
(II) Proposed Disposal of 4 pieces of freehold land held by two wholly-owned subsidiaries namely Federal Telecommunications Sdn Bhd ("FTSB") and FCW Industries Sdn Bhd ("FCWI")
(jointly referred to herein as "the Proposals")
DescriptionFCW HOLDINGS BERHAD ("FCW") OR ("THE COMPANY")

(I) Shareholders Agreement between FCW Holdings Berhad , IJM Land Berhad and 368 Segambut Sdn Bhd; and
(II) Proposed Disposal of 4 pieces of freehold land held by two wholly-owned subsidiaries namely Federal Telecommunications Sdn Bhd ("FTSB") and FCW Industries Sdn Bhd ("FCWI")
(jointly referred to herein as "the Proposals")
Query Letter Contents We refer to the Company's announcements dated 19 and 20 September 2013, in
respect of the aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. Total size and approximate age of each building erected on the Property 1,
Property 2 and Property 4.
2. Net book value of the FTSB Properties and FCWI Property based on the latest
financial statements.
3. Term of tenure of the FTSB Properties and FCWI Property.
4. The current use of Property 4 and the details of the tenancies on the
Property 1, Property 2 and Property 3, including the expiry date of the
tenancies and rental income per month / per annum.
5. Roles of FCW Holdings Berhad ("FCW") and IJM Land Berhad in the Shareholders
Agreement ("SA").
6. Terms of the profit sharing in the SA.
7. Information on the Project to be developed pursuant to Item 4, Part C of
Appendix 10A of the Main Market Listing Requirements ("LR"), where applicable.
8. Date of acquisition of the Lands by FTSB and FCWI.
9. Particulars of all liabilities to be assumed by 368 Segambut Sdn Bhd arising
from the Proposed Disposal.
10. Whether the Proposed Disposal is expected to result in FCW becoming a cash
company (PN16).
11. Method of valuation adopted by the valuer and quantification of the market
value for each land.
12. Detail breakdown of the proceeds to be utilised for the redemption of
redeemable preference shares in FTSB and FCWI and working capital, including
the timeframe for full utilisation.
13. Whether the approval from the relevant authorities is required. If yes, to
also state the timeframe for submission of the application to the relevant
authorities.





Page 2/-


14. To tabulate the effects of the Proposed Disposal on the net assets per
share and the Project on the gearing.
15. Whether the Project will signify a diversification in operations in FCW
pursuant to paragraph 10.13 of the LR and the basis thereof.

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


Yours faithfully



HENG TECK HENG
Head, Issuers
Listing Division
Regulation
TGG/TEK
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)
Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those in the announcements in relation to the Proposals on 19 September 2013 and 20 September 2013.
Further to the Company's announcements dated 19 September 2013 and 20 September 2013 in relation to the Shareholders Agreement and Proposed Disposal of 4 pieces of freehold land, Bursa Malaysia had on 23 September 2013 requested for some additional information.

We are pleased to provide the additional information requested for, arranged in the order of the questions posed by Bursa Malaysia in its letter:-

1. Total size (built up area) and approximate age of buildings erected on Property 1: 218,470 sq. ft. and 39 years.
      There are some semi-permanent structures erected on Property 2 which are being used by the current tenants for their businesses. The age of those structures could not be determined.
      Total size (built up area) and approximate age of buildings erected on Property 4: 135,799 sq. ft. and 18 years.
2. Net book value of the properties as at 30 June 2012 (per latest audited financial statements):
        a. GM 335 Lot 32661 and GM 1452 Lot 4722 (Properties 1 & 3) RM56,335,022

        b. GM 2415 Lot 4719 (Property 2) RM2,498,111

        c. GM 6242 Lot 54833 (Property 4) RM31,999,000

3. Term of tenure of the FTSB Properties and FCWI Property is freehold.

4. Current use of Property 4: Rented to a tenant for use as a clay pipes factory and office at a rental of RM138,717 per month.

      Details of tenancies on Properties 1& 3:
      Tenants
      Monthly rental (RM)
      Tenancy expiry
      Lee Seng Shu
      6,080
      31/10/2013
      GNN Oil & Gas Enterprise
      7,200
      14/11/2013
      East Malaya Transport Co Sdn Bhd
      10,080
      14/12/2013
      Euro Moda Sdn Bhd
      10,240
      28/02/2014
      Chop Kong Hak Trading Sdn Bhd
      14,400
      14/03/2014
      Euro Moda Sdn Bhd
      16,944
      30/06/2014
      Orbit Fantastik Sdn Bhd
      16,640
      28/02/2015
      Orbit Fantastik Sdn Bhd
      16,640
      28/02/2015
      Orbit Fantastik Sdn Bhd
      14,605
      28/02/2015
      Orbit Fantastik Sdn Bhd
      14,513
      28/02/2015
      Orbit Fantastik Sdn Bhd
      14,720
      28/02/2015
      Orbit Fantastik Sdn Bhd
      14,720
      28/02/2015
      Sunny Courtyard Sdn Bhd
      8,320
      30/04/2015
      Cahaya Maju Distributions Sdn Bhd
      7,680
      Monthly
      Kinpeun Trading - 1
      9,600
      Monthly
      Kinpeun Trading - 1
      9,600
      Monthly
      Cahaya Maju Distributions Sdn Bhd
      10,240
      Monthly

      Details of tenancies on Property 2:

      Tenants
      Monthly rental (RM)
      Tenancy expiry
      M Suma Metal Enterprise
      2,500
      31/07/2014
      Lee Hwa Leong
      4,658
      28/02/2015
      Hua Motor Works Sdn Bhd
      2,514
      28/02/2015
      F & Y Motor
      2,000
      Monthly

5. FCW and IJM Land are equal partners in the JV set up to procure and later develop the 4 pieces of freehold land. Both parties have agreed in the Shareholders Agreement that the business of the JV shall be under the direction of the JV’s Board of Directors, who shall have all necessary powers to manage the business and affairs of the JV, and to establish a Management Committee, comprising an equal number of FCW’s nominated representatives and IJM Land’s nominated representatives, to run the daily operations and affairs of the JV. The Management Committee is to work in accordance with the policies and limits within the powers delegated by the Board of the JV.

6. The joint venture’s terms of profit sharing is at the ratio of 50:50, corresponding to the equity holding of the joint venture partners in 368 Segambut Sdn Bhd.

7. Subject to the successful completion of the Proposals, development of the Project is expected to commence in 2 years’ time, and completion estimated to be within 6 years from date of commencement of work.
The Project will be called ‘368 Residences’ and is a mixed commercial development comprising residential apartments and retail shops.
Estimated gross development value for the Project is RM1.5 billion. The joint venture parties expect to finance the development cost with internal funds and bank borrowings. As the Lands are under industrial land use, approval of the relevant authority will have to be obtained later on for the conversion of land use to commercial/ residential. Further details on the Project will be announced after they are finalised and confirmed.

8. FTSB and FCWI entered into Sale and Purchase Agreements to acquire Properties 1, 3 & 4 on 12 January 2007. FTSB entered into the Sale and Purchase Agreement to acquire Property 2 on 7 December 2009.

9. JV has received interest-free cash advances without specific period of repayment of RM9.25 million from each of its shareholders, FCW and IJM Land respectively. JV is expected to assume more liabilities when it raises funding for the balance purchase price and working capital for the development project at a later stage.

10. Based on FCW’s assets on a consolidated basis as per the latest audited financial statements, the proposed Disposal is upon completion not expected to trigger the Cash Criterion as described in Practice Note 16 of the Bursa Guidelines because FCW is expected to increase its level of investment in the JV to complete the acquisition of the Lands and, upon completion of the acquisition of the Lands, to use part of the proceeds from the proposed Disposal to part-finance the development of the Project jointly with IJM Land.

11. The valuer adopted the comparison method of valuation and the quantification for each piece of land is as follows:

        a. GM 335 Lot 32661 (Property 1) RM115,454,000

        b. GM 2415 Lot 4719 (Property 2) RM 4,391,800

        c. GM 1452 Lot 4722 (Property 3) RM 4,873,000

        d. GM 6242 Lot 54833 (Property 4) RM 63,300,000

12. Utilisation of proceeds
      a. Redemption of preference shares in FTSB RM 45,000,000

      b. Redemption of preference shares in FCWI RM 27,000,000

      c. Working capital RM115,973,520

      The preference shares redemption is expected to be made within 12 months from the completion of the Proposals. FCW intends to use the balance funds (shown above as working capital) to part-finance the development cost of the Project and for other business proposal or investment to be undertaken by FCW in the future.

13. The Shareholders Agreement for the joint venture is subject to the approval of the shareholders in general meeting of FCW being obtained for, amongst others,:
      (a) FCW to enter into the Shareholders Agreement with IJM Land and 368 Segambut Sdn Bhd;
      (b) FTSB and FCWI to dispose of the respective FTSB Properties and FCWI Property to 368 Segambut Sdn Bhd upon terms and conditions set out in the respective Sale and Purchase Agreements.
      FCW is not required to obtain approval of any authority for the above proposals.

14. The proposed disposal is expected to result in a gain and increase the net assets of FCW by RM0.49 per share.
      The Project is not expected to impact on the gearing of FCW Holdings Berhad Group as the financing for the project will be raised by the JV which will be accounted for using the equity method.
15. Paragraph 10.13 of the Listing Requirements stipulates that a listed issuer must obtain its shareholder approval in a general meeting for any transaction or business arrangement which might reasonably be expected to result in either-
      (a) the diversion of 25% or more of the net assets of the listed issuer to an operation which differs widely from those operations previously carried on by the listed issuer; or
      (b) the contribution from such an operation of 25% or more of the net profits of the listed issuer.
          (Contribution to be net of loan interest, contingent liabilities or commitments)
      FCW’s initial cost of investment in the Project is only RM9.5 million. Compared with FCW’s audited consolidated net assets of RM138.935 million as at 30 June 2012, the Project does not divert 25% or more of its net assets.

      However, as no profit forecast is available from the Project at this point of time, we are unable to assess if the contribution from the Project would be 25% or more of the net profits of FCW. In any event, the Project is subject to the successful completion of the Proposals, which are in turn subject to FCW obtaining its shareholders’ approval at a general meeting to be convened within 6 months from 19 September 2013.

This announcement is dated 24 September 2013.


HLIND - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameHONG LEONG INDUSTRIES BERHAD  
Stock Name HLIND  
Date Announced24 Sept 2013  
CategoryGeneral Meetings
Reference NoHI-130924-42523

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionNotice of 50th Annual General Meeting
Date of Meeting17/10/2013
Time12:00 PM
VenueTheatrette, Level 1, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
Date of General Meeting Record of Depositors10/10/2013

Attachments

HLI 50TH AGM Notice.pdf
405 KB



PANAMY - 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 NamePANASONIC MANUFACTURING MALAYSIA BERHAD  
Stock Name PANAMY  
Date Announced24 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-130924-9F9AE

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 incorporationMalaysian
Descriptions (Class & nominal value)Ordinary share of RM1.00 each
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)
Disposed04/09/2013
68,900
 

Circumstances by reason of which change has occurredDisposal of shares in open market by KWAP's Fund Manager
Nature of interestIndirect interest
Direct (units)1,942,000 
Direct (%)3.2 
Indirect/deemed interest (units)1,387,100 
Indirect/deemed interest (%)2.28 
Total no of securities after change3,329,100
Date of notice10/09/2013

Remarks :
The form 29B was received by the Company on 24 September 2013



MPI - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameMALAYSIAN PACIFIC INDUSTRIES BERHAD  
Stock Name MPI  
Date Announced24 Sept 2013  
CategoryGeneral Meetings
Reference NoMM-130924-51821

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionNotice of the 52nd Annual General Meeting
Date of Meeting17/10/2013
Time11:00 AM
VenueTheatrette, Level 1, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
Date of General Meeting Record of Depositors10/10/2013

Attachments

MPI-Notice 52nd AGM.pdf
405 KB



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