Company announcements: KINSTEL, TOPGLOV, SILVER, VASTALX, HARNLEN, MAHSING

KINSTEL - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement

Company Name	KINSTEEL BHD
Stock Name	KINSTEL
Date Announced	27 Sept 2013
Category	General Announcement
Reference No	CK-130927-BDD18

Type	Announcement
Subject	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD
Description	Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Director has transacted in the securities of Kinsteel Bhd as set out in table 1 hereunder. The Company received the notification of the dealing by Dato' Pheng Chin Guan on 27 September 2013. This announcement is dated 27 September 2013.
Table 1 Name of Director Date of Disposal Nature of Interest Price per Shares (RM) Number of Ordinary Shares of RM0.20 each % of Issued Shares Dato' Pheng Chin Guan 19.09.2013 Direct 0.2700 460,000 0.04%

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KINSTEL - OTHERS KINSTEEL BERHAD (“KINSTEEL” OR “THE COMPANY”) CORPORATE DEBT RESTRUCTURING COMMITTEE

Announcement Type: General Announcement

Company Name	KINSTEEL BHD
Stock Name	KINSTEL
Date Announced	27 Sept 2013
Category	General Announcement
Reference No	CK-130927-54573

Type	Announcement
Subject	OTHERS
Description	KINSTEEL BERHAD (“KINSTEEL” OR “THE COMPANY”) CORPORATE DEBT RESTRUCTURING COMMITTEE
The Board of Directors of Kinsteel wishes to announce that Corporate Debt Restructuring Committee (“CDRC”) had via its letter dated 26 September 2013 approved Kinsteel's application for assistance to mediate between Kinsteel Group and its Lenders subject to the followings:- 1) Kinsteel is required to submit a Proposed Restructuring Scheme within 60 days from the date of the letter from CDRC which is 26 September 2013; and 2) The Proposed Restructuring Scheme must comply with CDRC’s restructuring principles for Kinsteel to continue to remain under the Informal Standstill Arrangement with the Lenders. Kinsteel will announce further developments on the above matter as and when necessary. This announcement is dated 27 September 2013.

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KINSTEL - OTHERS KINSTEEL BERHAD (“KINSTEEL” OR “THE COMPANY”) Perwaja Holdings Berhad

Announcement Type: General Announcement

Company Name	KINSTEEL BHD
Stock Name	KINSTEL
Date Announced	27 Sept 2013
Category	General Announcement
Reference No	CK-130927-65159

Type	Announcement
Subject	OTHERS
Description	KINSTEEL BERHAD (“KINSTEEL” OR “THE COMPANY”) Perwaja Holdings Berhad
The Board of Directors of Kinsteel Bhd (“Kinsteel”) wishes to announce that its subsidiary, Perwaja Holdings Berhad (“PHB”) had received a letter from Corporate Debt Restructuring Committee (“CDRC”) dated 26 September 2013 approved PHB’s application for assistance to mediate between PHB Group and its Lenders subject to the followings:- 1) PHB is required to submit a Proposed Restructuring Scheme within 60 days from the date of the letter from CDRC which is 26 September 2013; and 2) The Proposed Restructuring Scheme must comply with CDRC’s restructuring principles for PHB to continue to remain under the Informal Standstill Arrangement with the Lenders. Kinsteel will announce further developments on the above matter as and when necessary. This announcement is dated 27 September 2013.

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KINSTEL - Changes in Director's Interest (S135) - Dato' Pheng Chin Guan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965

Company Name	KINSTEEL BHD
Stock Name	KINSTEL
Date Announced	27 Sept 2013
Category	Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference No	CK-130927-BDD10

Information Compiled By KLSE

Particulars of Director

Name	Dato' Pheng Chin Guan
Address	A-5188, Lorong Kubang Buaya 80 25250 Kuantan, Pahang Darul Makmur.
Descriptions(Class & nominal value)	Ordinary shares of RM0.20 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	19/09/2013	460,000

Circumstances by reason of which change has occurred	Disposal of shares
Nature of interest	Direct
Consideration (if any)

Total no of securities after change
Direct (units)	19,500,000
Direct (%)	1.87
Indirect/deemed interest (units)	220,000
Indirect/deemed interest (%)	0.02
Date of notice	27/09/2013

Remarks :

Deemed interested by virtue of his spouse, Goh Yoke Lan @ Goh Mei Leng's shareholdings in the Company. The direct interest of 19,500,000 shares comprises the following: (i) 2,500 shares held by Mayban Nominees (Tempatan) Sdn Bhd (pledged securities account for Dato' Pheng Chin Guan); (ii) 5,060,000 shares held by Citigroup Nominees (Tempatan) Sdn Bhd (pledged securities account for Dato' Pheng Chin Guan); (iii) 3,950,000 shares held by ECML Nominees (Tempatan) Sdn Bhd (pledged securities account for Dato' Pheng Chin Guan); and (v) 10,487,500 shares held by Alliancegroup Nominees (Tempatan) Sdn Bhd (pledged securities account for Dato' Pheng Chin Guan).

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TOPGLOV - MATERIAL LITIGATION

Announcement Type: General Announcement

Company Name	TOP GLOVE CORPORATION BHD
Stock Name	TOPGLOV
Date Announced	27 Sept 2013
Category	General Announcement
Reference No	TG-130830-647CD

Type	Announcement
Subject	MATERIAL LITIGATION
Description	Top Glove Corporation Bhd ("Top Glove" or “the Company”) - Update on the Alleged infringement of Patent MY-140770-A
Reference is made to the announcements dated 21 & 25 January, 6 February, 6 March, 4 April, 3 May, 17 June, 24 July and 30 August 2013 pertaining to the Civil Suit No. 22IP-3-01/2013 ("the Civil Suit"). The Company wishes to announce that on the even date, the Plaintiffs have filed their Reply and Defence to Counterclaim and served the same on the Company. The next case management hearing on this matter was fixed on 28 October 2013. The Company will make necessary announcement on further development on this matter in due course. This announcement is dated 27 September 2013.

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SILVER - Quarterly rpt on consolidated results for the financial period ended 31/7/2013

Announcement Type: Financial Results

Company Name	SILVER BIRD GROUP BERHAD
Stock Name	SILVER
Date Announced	27 Sept 2013
Category	Financial Results
Reference No	CC-130927-37417

Financial Year End	31/10/2013
Quarter	3
Quarterly report for the financial period ended	31/07/2013
The figures	have not been audited

Attachments Q3 2013.pdf 662 KB

Remarks :

• Default Currency
• Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION 31/07/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/07/2013	31/07/2012	31/07/2013	31/07/2012
		$$'000	$$'000	$$'000	$$'000
1	Revenue	17,929	29,005	60,020	104,347
2	Profit/(loss) before tax	-11,089	-10,873	-32,497	-319,478
3	Profit/(loss) for the period	-11,111	-10,963	-32,597	-319,874
4	Profit/(loss) attributable to ordinary equity holders of the parent	-11,111	-10,942	-32,597	-319,851
5	Basic earnings/(loss) per share (Subunit)	-2.73	-2.69	-8.00	-78.64
6	Proposed/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 ($$)	-0.3800		-0.3000

Remarks :

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:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

Currency:

SUMMARY OF KEY FINANCIAL INFORMATION 31/07/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		$$'000	$$'000	$$'000	$$'000
1	Revenue
2	Profit/(loss) before tax
3	Profit/(loss) for the period
4	Profit/(loss) attributable to ordinary equity holders of the parent
5	Basic earnings/(loss) per share (Subunit)
6	Proposed/Declared dividend per share (Subunit)
		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 ($$)

Remarks :

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:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

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VASTALX - Others

Announcement Type: Entitlements (Notice of Book Closure)

Company Name	VASTALUX ENERGY BERHAD
Stock Name	VASTALX
Date Announced	27 Sept 2013
Category	Entitlements (Notice of Book Closure)
Reference No	MI-130927-65329

EX-date	02/10/2013
Entitlement date	04/10/2013
Entitlement time	05:00:00 PM
Entitlement subject	Others
Entitlement description	Share exchange of the entire issued and paid-up share capital of VEB of RM51,560,000 comprising 206,240,000 ordinary shares of RM0.25 each in VEB (“VEB Shares”) for 9,518,769 new ordinary shares of RM0.20 each in Barakah Offshore Petroleum Berhad (“Barakah Shares”) on the basis of three (3) new Barakah Shares for every sixty-five (65) VEB Shares held at the Entitlement Date pursuant to Section 176 of the Companies Act, 1965 (“Share Exchange”)
Period of interest payment	to
Financial Year End
Share transfer book & register of members will be	04/10/2013 to 04/10/2013 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Equiniti Services Sdn Bhd Level 8, Menara MIDF 82, Jalan Raja Chulan 50200 Kuala Lumpur Tel no.: (603) 2166 0933 Fax no.: (603) 2166 0688
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	04/10/2013
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)	9518769
Entitlement indicator	Ratio
Ratio	3 : 65
Rights Issues/Offer Price

Remarks :

All VEB Shares deposited in the CDS accounts of the shareholders of VEB as at the Entitlement Date will be debited from their respective CDS accounts and the new Barakah Shares pursuant to the Share Exchange will be credited directly by Bursa Malaysia Depository Sdn Bhd into the same CDS account in which the existing VEB Shares are currently deposited. This announcement is dated 27 September 2013.

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VASTALX - Others

Announcement Type: Entitlements (Notice of Book Closure)

Company Name	VASTALUX ENERGY BERHAD
Stock Name	VASTALX
Date Announced	27 Sept 2013
Category	Entitlements (Notice of Book Closure)
Reference No	MI-130927-59453

EX-date	02/10/2013
Entitlement date	04/10/2013
Entitlement time	05:00:00 PM
Entitlement subject	Others
Entitlement description	Offer from Barakah Offshore Petroleum Berhad (“Barakah”) to subscribe for 3,172,923 5-year 3.5% redeemable convertible loan stocks (“RCULS”) at an issue price of RM0.20 per RCULS on the basis of one (1) RCULS for every three (3) ordinary shares of RM0.20 each in Barakah to be held pursuant to the Share Exchange, as previously defined in the announcement dated 27 September 2013 (“Offer of RCULS”)
Period of interest payment	to
Financial Year End
Share transfer book & register of members will be	04/10/2013 to 04/10/2013 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Boardroom Corporate Services (KL) Sdn Bhd Lot 6.05, Level 6, KPMG Tower 8 First Avenue, Bandar Utama 47800 Petaling Jaya Selangor Darul Ehsan Tel no.: (603) 7720 1188 Fax no.: (603) 7720 1111
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	04/10/2013
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)	3172923
Entitlement indicator	Ratio
Ratio	1 : 3
Rights Issues/Offer Price	0.2

Remarks :

Bursa Malaysia Securities Berhad had, via its letter dated 21 August 2013, granted a shortening of book closure date notice period from ten (10) market days to five (5) market days for the Share Exchange, including the Offer of RCULS. The Abridged Prospectus together with the Notice of Provisional Offer (“NPO”) and Offer Acceptance Form (“OAF”) will only be despatched to the shareholders of VEB at their registered address in Malaysia or who have provided the share registrar with the address in Malaysia in writing by 5.00 p.m. on 4 October 2013. The Abridged Prospectus, together with the NPO and OAF, will be despatched to the shareholders of VEB no later than two (2) market days from the Entitlement Date. This announcement is dated 27 September 2013.

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

Announcement Type: General Announcement

Company Name	HARN LEN CORPORATION BHD
Stock Name	HARNLEN
Date Announced	27 Sept 2013
Category	General Announcement
Reference No	MI-130927-67387

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	HARN LEN CORPORATION BERHAD ("HLCB" OR THE "COMPANY") PROPOSED DISPOSAL BY UNIGLOBAL SDN BHD ("USB" OR "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF HLCB, OF TWO (2) PARCELS OF PLANTATION LAND HELD RESPECTIVELY UNDER CL115345401 AND CL115378115 IN THE DISTRICT OF LAHAD DATU, SABAH, MEASURING APPROXIMATELY 5,955.77 ACRES (OR 2,409.80 HECTARES) TO BOUSTEAD RIMBA NILAI SDN BHD ("BRNSB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF BOUSTEAD PLANTATIONS BERHAD ("BPB"), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BOUSTEAD HOLDINGS BERHAD ("BHB") FOR A TOTAL CONSIDERATION OF RM184,596,825 TO BE FULLY SETTLED IN CASH ("PROPOSED DISPOSAL")
On behalf of the board of Directors of HLCB, RHB Investment Bank Berhad wishes to announce that USB, a wholly-owned subsidiary of HLCB, had on 27 September 2013 entered into a conditional sale and purchase agreement with BRNSB, a wholly-owned subsidiary of BPB, which in turn is a wholly-owned subsidiary of BHB for the proposed disposal by USB of two parcels of contiguous plantation land, measuring in aggregate approximately 5,955.77 acres (or 2,409.80 hectares) held respectively under CL115345401 and CL115378115 to BRNSB, for a total cash consideration of RM184,596,825. Further details of the Proposed Disposal are set out in the attachment enclosed. This announcement is dated 27 September 2013.

Attachments HLCB Announcement - Proposed Disposal.pdf 78 KB

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

Announcement Type: General Announcement

Company Name	MAH SING GROUP BERHAD
Stock Name	MAHSING
Date Announced	27 Sept 2013
Category	General Announcement
Reference No	ML-130927-44244

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED ACQUISITION BY MAH SING DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING, OF A PARCEL OF FREEHOLD LAND IN PLENTONG, JOHOR BHARU MEASURING APPROXIMATELY 35.26 ACRES FROM KIM SAN INVESTMENTS SDN BHD FOR A CASH CONSIDERATION OF RM365,550,150
(Unless otherwise defined, the terms used in this announcement shall have the same meaning as those defined in the announcement dated 28 May 2013) On behalf of the Board of Directors of Mah Sing, Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad) wishes to announce that the SPA is pending the fulfilment of the following conditions precedent as stipulated in the SPA: Conditions Precedent Status (i) Approval by the shareholders of Mah Sing in respect of the Proposed Acquisition; and An extraordinary general meeting to obtain approval for the Proposed Acquisition by the shareholders of Mah Sing will be held on 30 September 2013. (ii) Such relevant written consent(s) from the relevant developer(s) and/or landowner(s) to such land(s) neighbouring the Land for the construction of such relevant access(es) to the Land which shall be in accordance with the plan(s) as may be proposed by the Purchaser, being obtained by the Purchaser at its own costs and expenses (“Consent for Access(es) to the Land”). As at today, such Consent for Access(es) to the Land has yet to be obtained by the Purchaser. In the event that the Conditions Precedent are not fulfilled by 30 September 2013, being the expiry date of the Condition Precedent Fulfilment Period, the Purchaser may elect to waive any unfulfilled Conditions Precedent by serving written notice to the Vendor of such election within seven (7) business days from the expiry of the Condition Precedent Fulfilment Period failing which the SPA shall automatically terminate. Upon such termination of the SPA, the Vendor shall forthwith within seven (7) days from the date of its receipt of such written notice from the Purchaser, refund: (a) the Deposit paid by the Purchaser to the Vendor under and pursuant to the SPA free of interest accrued thereon if the Purchaser did not carry out any site clearing, earthworks or construction works on any part of the Land; or (b) the Deposit paid by the Purchaser to the Vendor under and pursuant to the SPA, free of interest, less a sum of RM1,827,750.75 if the Purchaser did carry out site clearing, earthworks or construction works on any part of the Land. This announcement is dated 27 September 2013.

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