MSC - OTHERS PT KOBA TIN: STATUS OF APPLICATION FOR EXTENSION OF CONTRACT OF WORK
| Company Name | MALAYSIA SMELTING CORPORATION BERHAD |
| Stock Name | MSC |
| Date Announced | 4 Sept 2013 |
| Category | General Announcement |
| Reference No | MS-130902-42262 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PT KOBA TIN: STATUS OF APPLICATION FOR EXTENSION OF CONTRACT OF WORK |
The Board of Malaysia Smelting Corporation Berhad (the “Company”) wishes to advise that, further to our announcement on 2 August 2013, PT Koba Tin has yet to receive further notification from the Minister of Energy and Mineral Resources (MEMR), Republic of Indonesia, with regard to the Contract of Work (CoW) extension. Further details of the announcement are set out in the attached file. This announcement is dated 4 September 2013.
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BPURI - Changes in Sub. S-hldr's Int. (29B) - Bumimaju Mawar Sdn. Bhd.
| Company Name | BINA PURI HOLDINGS BHD |
| Stock Name | BPURI |
| Date Announced | 4 Sept 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | BP-130904-ACCC8 |
Particulars of substantial Securities Holder
| Name | Bumimaju Mawar Sdn. Bhd. |
| Address | 2nd Floor, No. 17 & 19, Jalan Brunei Barat, Pudu, 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | 807985-D |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM1.00 each |
| Name & address of registered holder | Bumimaju Mawar Sdn. Bhd. 2nd Floor, No. 17 & 19, Jalan Brunei Barat, Pudu, 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 06/08/2013 | 20,000 | 0.730 |
| Acquired | 12/08/2013 | 88,000 | 0.735 |
BPURI - OTHERS Supply, fabrication and construction of civil works, Package 7
| Company Name | BINA PURI HOLDINGS BHD |
| Stock Name | BPURI |
| Date Announced | 4 Sept 2013 |
| Category | General Announcement |
| Reference No | BP-130904-61292 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Supply, fabrication and construction of civil works, Package 7 |
The Board is pleased to announce that Bina Puri Sdn. Bhd., a wholly-owned subsidiary of Bina Puri Holdings Bhd. has accepted the letter of award from the Consortium of Apex Energy Sdn. Bhd. and PT Rekayasa Industri for the project known as “Supply, fabrication and construction of civil works, Package 7” (Samur project) on 1 August 2013 in Sipitang, Sabah for contract value of RM67.23 million. The above mentioned works shall be completed within eleven months. The Group’s current unbuilt book order stands at RM1.52 billion as at to date. The contract is expected to contribute positively to the earnings of Bina Puri Group for the financial year ending 31 December 2013. Please note that no directors, major shareholders and/or persons connected with them have any interests, direct or indirect, in the above transaction. | |
ASTRO - Changes in Sub. S-hldr's Int. (29B) - T. Rowe Price Associates, Inc
| Company Name | ASTRO MALAYSIA HOLDINGS BERHAD |
| Stock Name | ASTRO |
| Date Announced | 4 Sept 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | AM-130904-7C8D2 |
Particulars of substantial Securities Holder
| Name | T. Rowe Price Associates, Inc |
| Address | 100 East Pratt Street Baltimore, MD 21202 USA |
| NRIC/Passport No/Company No. | D00175984 |
| Nationality/Country of incorporation | Maryland Corporation, USA |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.10 each in Astro Malaysia Holdings Berhad ("AMH Shares") |
| Name & address of registered holder | Name of registered holder JP Morgan Bank Luxembourg S.A. - disposal of 184,800 AMH Shares Address: 100 East Pratt Street Baltimore, MD 21202 USA |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 29/08/2013 | 184,800 |
| Remarks : |
| Form 29B was received from T. Rowe Price Associates, Inc on 4 September 2013. The registered holders of the 266,121,200 AMH Shares are as follows:- 1. Brown Brothers Harriman & Co. - 554,500 AMH Shares 2. Bank of New York Mellon - 15,686,100 AMH Shares 3. HSBC Bank Malaysia Berhad - 2,859,900 AMH Shares 4. JP Morgan Chase Bank, N.A. - 201,227,900 AMH Shares 5. JP Morgan Bank Luxembourg S.A. - 20,981,100 AMH Shares 6. National Australia Bank - 8,684,900 AMH Shares 7. Northern Trust Company - 11,055,900 AMH Shares 8. State Street Bank & Trust Company - 5,070,900 AMH Shares |
YTLPOWR - Notice of Shares Buy Back - Immediate Announcement
| Company Name | YTL POWER INTERNATIONAL BHD |
| Stock Name | YTLPOWR |
| Date Announced | 4 Sept 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | YP-130904-4335B |
BINTAI - BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS BINTAI KINDEN CORPORATION BERHAD AND FINES FIVE DIRECTORS A TOTAL OF RM150,000
| Company Name | BINTAI KINDEN CORPORATION BERHAD |
| Stock Name | BINTAI |
| Date Announced | 4 Sept 2013 |
| Category | Listing Circular |
| Reference No | CW-130904-59810 |
LISTING'S CIRCULAR NO. L/Q : 68732 OF 2013
Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded Bintai Kinden Corporation Berhad (BINTAI) and its directors for breaching the Bursa Malaysia Securities Main Market Listing Requirements (Main LR). In addition, five directors of BINTAI were fined a total of RM150,000.
BINTAI was publicly reprimanded for failing to ensure that the Company’s announcement dated 31 May 2012 on its fourth quarterly report for the financial year ended (FYE) 31 March 2012 (4th QR 2012) took into account the adjustments as stated in the announcement dated 31 July 2012 resulting in a significant deviation between the companies’ unaudited and audited results.
The failure to take into account the adjustments was in contravention of paragraph 9.16(1)(a) of the Main LR where a listed company must ensure that each announcement is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
BINTAI is also required to carry out a limited review of its quarterly report submissions. The limited review must be performed by external auditors for four quarterly reports commencing from the quarterly report for the financial period ended 30 September 2013. In addition, BINTAI must ensure all its directors and relevant personnel attend a training program on compliance with the Main LR pertaining to financial statements. BINTAI is also required to review and assess the adequacy and effectiveness of its financial reporting function.
The following directors of BINTAI at the material time were found to have breached paragraph 16.13(b) of the Main LR for permitting knowingly, or where they had reasonable means of obtaining such knowledge, BINTAI to commit the above breach. The penalties imposed are as follows:
| No. | Name | Penalties |
1. | Tan Sri Dato’ Kamaruzzaman Bin Shariff Independent Non-Executive Chairman Audit Committee Member | Public Reprimand and fine of RM25,000 |
2. | Ong Puay Koon Executive Vice Chairman | Public Reprimand |
3. | Ong Choon Lui Group Managing Director/ Chief Executive Officer | Public Reprimand and fine of RM50,000 |
4. | Yen Yew Wing @ Yen Yew Ming Executive Director | Public Reprimand |
5. | Dato’ Zakri Afandi bin Ismail Independent Non-Executive Director Audit Committee Chairman | Public Reprimand and fine of RM25,000 |
6. | Johari bin Mohd Akhir Independent Non-Executive Director Audit Committee Member | Public Reprimand and fine of RM25,000 |
7. | Sherman Lam Yuen Suen Independent Non-Executive Director Audit Committee Member | Public Reprimand and fine of RM25,000 |
8. | Toru Tanimoto Non-Independent Non-Executive Director | Public Reprimand |
The finding of breach and imposition of the above penalties on BINTAI and its directors were made pursuant to paragraph 16.19 of the Main LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including factors giving rise to and materiality of the deviation, the impact of the breach and in relation to the directors, their respective roles and responsibilities in the company, particularly pertaining to financial management, preparation and review of financial statements and their conduct.
Bursa Malaysia Securities views the contravention seriously as listed companies are required to submit financial statements that are factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
BACKGROUND
(I) PUBLIC REPRIMAND ON BINTAI
On 31 May 2012, BINTAI reported an unaudited profit after tax and minority interest of RM17.137 million in its 4th QR 2012. However, on 31 July 2012, BINTAI announced an audited loss after tax and minority interest of RM9.486 million in its annual audited accounts for the FYE 31 March 2012. The difference of RM26.623 million between BINTAI’s unaudited and audited results for the FYE 31 March 2012 represented a variance of 155%.
The variance of RM26.623 million was mainly due to the provision for impairment losses on receivables which had been long outstanding and there were significant delays / uncertainty in the repayments ("the Adjustment").
The Adjustment made subsequently in the audited results was without any reasonable explanation on the change of circumstances from the issuance of the 4th QR 2012 to the audited results.
(II) PUBLIC REPRIMAND AND A TOTAL FINE OF RM150,000 IMPOSED ON FIVE DIRECTORS
The directors had failed to discharge their duties to undertake reasonable assessment and enquiries in approving BINTAI’s 4th QR 2012 to ensure the 4th QR 2012 took into account the Adjustment particularly in the light of the following:
- The auditors had raised their audit issues / concerns over the receivables, and the recoverability of the amount due and requested the Company to provide justification on the recoverability; and
- Notwithstanding this and the request by the external auditors for justification on the recoverability of the receivables, the directors had accepted and relied on management’s views not to provide any impairment loss in respect of the receivables without further enquiry and assessment as to the reasonableness of management’s justification in respect of the same. The reliance placed on the management was unreasonable in the light of the facts and circumstances.
The penalties were imposed against the directors after taking into account their knowledge, roles and responsibilities and in respect of the audit committee members, their function to review financial statements, focusing on compliance with the accounting standards under the Main LR.
PLB - OTHERS PLB ENGINEERING BERHAD ("PLB" OR "THE COMPANY") DISPOSAL OF SUBSIDIARY
| Company Name | PLB ENGINEERING BERHAD |
| Stock Name | PLB |
| Date Announced | 4 Sept 2013 |
| Category | General Announcement |
| Reference No | CC-130903-61112 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PLB ENGINEERING BERHAD ("PLB" OR "THE COMPANY") DISPOSAL OF SUBSIDIARY |
The Board of Directors of PLB wishes to announce that its wholly-owned subsidiary, PLB-KH Bina Sdn Bhd ("PKH") had on 3 September 2013 disposed of the two (2) ordinary shares of RM1.00 each representing 100% equity interest in PLB Alam Sdn Bhd ("PLB Alam") to Ms Seow Soo Pheng and Ms Cheok Ee Yee at a total cash consideration of RM2.00 (the "Disposal"). | |
ABRIC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | ABRIC BERHAD |
| Stock Name | ABRIC |
| Date Announced | 4 Sept 2013 |
| Category | General Announcement |
| Reference No | CK-130904-41686 |
| Type | Announcement | |||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | |||||||||||||||
| Description | Dealing by Director in the securities of Abric Berhad ("Abric") outside closed period | |||||||||||||||
Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Director of Abric had transacted in the securities of Abric as set out below:- Name of Director Date of Transaction Price per Ordinary Shares Number of Ordinary Shares (Indirect) Percentage (%) Dato' Ong Eng Lock 02.09.2013 RM0.240 44,700 0.045 Dato' Ong Eng Lock 03.09.2013 RM0.239 205,300 0.207
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ABRIC - Changes in Director's Interest (S135) - Dato' Ong Eng Lock
| Company Name | ABRIC BERHAD |
| Stock Name | ABRIC |
| Date Announced | 4 Sept 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CK-130904-40710 |
Information Compiled By KLSE
Particulars of Director
| Name | Dato' Ong Eng Lock |
| Address | E-3, One Menerung, 1 Jalan Menerung, Bukit Bandaraya Bangsar, 59100 Kuala Lumpur. |
| Descriptions(Class & nominal value) | Ordinary Shares of RM0.30 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 44,700 | 0.240 | |
Acquired | 205,300 | 0.239 |
| Circumstances by reason of which change has occurred | Purchase at Open Market |
| Nature of interest | Indirect |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 3,000,000 |
| Direct (%) | 3.03 |
| Indirect/deemed interest (units) | 30,936,700 |
| Indirect/deemed interest (%) | 31.23 |
| Date of notice | 04/09/2013 |
ABRIC - Changes in Sub. S-hldr's Int. (29B) - Datin Tai Mee Yong
| Company Name | ABRIC BERHAD |
| Stock Name | ABRIC |
| Date Announced | 4 Sept 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CK-130904-38BDE |
Particulars of substantial Securities Holder
| Name | Datin Tai Mee Yong |
| Address | E-3, One Menerung, 1 Jalan Menerung, Bukit Bandaraya Bangsar, 59100 Kuala Lumpur. |
| NRIC/Passport No/Company No. | 570818-01-5896 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.30 each |
| Name & address of registered holder | Abric Capital Sdn. Bhd. D5-5-5 Solaris Dutamas, 1 Jalan Dutamas 1, 50480 Kuala Lumpur. Datin Tai Mee Yong E-3, One Menerung, 1 Jalan Menerung, Bukit Bandaraya Bangsar, 59100 Kuala Lumpur. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 02/09/2013 | 44,700 | |
| Acquired | 03/09/2013 | 205,300 |
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