MYETFDJ - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Company Name | MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 |
Stock Name | MYETFDJ |
Date Announced | 19 Sept 2013 |
Category | General Announcement |
Reference No | MD-130919-65913 |
Type | Announcement |
Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
Description | MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 19-09-2013 Fund:MYETFDJ NAV per unit (RM):1.1611 Units in Circulation (units):256,700,000 Manager's Fee (%p.a):0.40 Trustee's Fee (%p.a):0.05 License Fee (%p.a):0.04 DJIM25 Index:1,040.49 |
FCW - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
Company Name | FCW HOLDINGS BERHAD |
Stock Name | FCW |
Date Announced | 19 Sept 2013 |
Category | General Announcement |
Reference No | CQ-130919-58230 |
Type | Announcement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description | (I) Shareholders Agreement between FCW Holdings Berhad , IJM Land Berhad and 368 Segambut Sdn Bhd (II) Proposed Disposal of 4 pieces of freehold land held by two wholly-owned subsidiaries namely Federal Telecommunications Sdn Bhd and FCW Industries Sdn Bhd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1. INTRODUCTION
FCW has on 19 September 2013 entered into a Shareholders Agreement (“SA”) with IJM Land Berhad (Company No. 187405-T) (“IJM Land”) and 368 Segambut Sdn Bhd.(Company No. 1062599-A) (“the JV”) to regulate the relationship between the Company and IJM Land (“the Shareholders”) as shareholders of the JV in relation to a mixed development of residential and commercial properties project on the Lands (as defined herein below) (“the Project”). The JV had on 19 September 2013 entered into 2 separate Sale and Purchase Agreements (SPAs) to acquire the properties described in the 3rd column of Appendix I (“the Lands”) from the vendors; namely Federal Telecommunications Sdn Bhd (“FTSB”) and FCW Industries Sdn Bhd (“FCWI”), both wholly-owned subsidiaries of FCW for the respective cash considerations stated in the 5th column of Appendix I, upon the terms and conditions as stipulated in the SPAs.
The JV was incorporated to carry out the business of property development on the Lands and to complete the Project.
4. INFORMATION ON THE LANDS
Geran Mukim 1452 Lot 4722 Tempat 4th Mile, Railway Line (vacant land) (“Property 3”);
The Lands are not subject to any existing charge or any other encumbrances.
Details on the purchaser, the JV, is as described above. 5.2 FTSB has agreed to sell and the JV has agreed to purchase the FTSB Properties free from all encumbrances and subject to the existing tenancies (in the case of Property 1 and property 2) and the existing category of land use and all express and implied conditions endorsed on the document of title to the FTSB Properties and all unregistered easements (if any) affecting the FTSB Properties and upon the terms and conditions contained in the SPA (“FTSB SPA”).
6.1 The Shareholders has entered into the SA for the purpose of regulating certain aspects of the affairs and their dealings with the management and operation of the JV and to regulate their relationship with each other as shareholders of the JV and to govern the management of the JV in the manner therein contained.
6.5 Unless otherwise agreed in writing by the Shareholders, the share capital in the JV shall at all times be held by the Shareholders in the following proportions (Agreed Proportion):
6.7 The funding requirements for the Project and the methods of financing the same shall be determined by the Board from time to time and may comprise of share capital, shareholders loans, and borrowings from financial institutions. 7. SALIENT TERMS OF THE SPAs
(b) Subject to the obligation of the parties to the SPAs to complete the sale and purchase of the Lands under the SPAs becoming unconditional, the JV shall pay or procure to be paid the balance purchase price of RM169,176,168 (“the Balance Purchasae Price”) on or before the day which falls immediately after 12 months from 19 September 2013 (“the Payment Deadline”), or such other date as the parties my mutually agree in writing. (c) If the JV is unable to pay the Balance Purchase Price by the Payment Deadline for any reason, the Payment Deadline shall be extended by one (1) month after the last day of the Payment Deadline provided the JV pays to the vendors interest on the Balance Purchase Price then outstanding at the rate of 8% per annum calculated on a daily basis.
(ii) the vendors having obtained the approval of their shareholders and the shareholders of their holding companies to sell the Lands; (iii) the fulfillment of the conditions precedent in the SPAs;
8. ORIGINAL COSTS OF INVESTMENT OF THE LANDS
9. BASIS OF SALE CONSIDERATION OF THE LANDS
Based on the total sale consideration of RM187,973,520, the FCW Group is expected to report a net gain of approximately RM96.752 million from the Proposed Disposal after deducting tax and expenses estimated at RM 389,000 relating to the disposal. 11. UTILSATION OF PROCEEDS FROM THE PROPOSED DISPOSAL
12. SOURCE OF FUNDING IN RESPECT OF THE JV
14. RISK FACTORS In relation to the JV, the Board of FCW does not foresee any extraordinary or material risk factors save for the business/operating risks normally associated with the property development business. In relation to the Proposed Disposal, the Board of FCW is not aware of any material business risks arising therefrom. 15. FINANCIAL EFFECTS 15.1 Earnings Per Share The JV will not have any material effect on the consolidated earnings of FCW and its group of companies for the financial year ended 30 June 2013, but is expected to contribute positively to its future earnings. The Proposed Disposal will not have a material effect on the consolidated earnings of FCW Group for the financial year ended 30 June 2013 but on completion is expected to increase the earnings per share of FCW by approximately 49.26sen for the financial year ending 30 June 2015.
15.3 Share Capital and Substantial Shareholders’ Shareholdings Both the JV and Proposed Disposal will not have any effect on the issued and paid-up share capital and substantial shareholders’ shareholdings of FCW.
17. STATEMENT BY DIRECTORS
18. PERCENTAGE RATIO
19. ESTIMATED TIME FRAME FOR COMPLETION
20. APPROVALS REQUIRED
(ii) FTSB and FCWI to dispose of the respective FTSB Properties and FCWI Property to the JV upon the terms and conditions set out in the respective SPAs; and
The Proposed Disposal is subject to approval of the shareholders of FTSB, FCWI and FCW respectively.
Appendix I FTSB Properties
FCWI Property
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ORIENT - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
Company Name | ORIENTAL HOLDINGS BERHAD |
Stock Name | ORIENT |
Date Announced | 19 Sept 2013 |
Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
Reference No | CC-130919-2A103 |
Particulars of substantial Securities Holder
Name | Employees Provident Fund Board |
Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
NRIC/Passport No/Company No. | EPF ACT 1991 |
Nationality/Country of incorporation | Malaysia |
Descriptions (Class & nominal value) | Ordinary stocks of RM1.00 each |
Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd for Employees Provident Fund Board |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 13/09/2013 | 32,000 |
Remarks : |
This Notice was received on 19 September 2013. |
TURIYA - Changes in Director's Interest (S135) - Tan Sri Datuk Dr Mohan Swami, J.P. ("TSDDMS")
Company Name | TURIYA BERHAD |
Stock Name | TURIYA |
Date Announced | 19 Sept 2013 |
Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
Reference No | TT-130919-6C6C9 |
Information Compiled By KLSE
Particulars of Director
Name | Tan Sri Datuk Dr Mohan Swami, J.P. ("TSDDMS") |
Address | 11, Jalan 16/14, Section 16, 46350 Petaling Jaya, Selangor |
Descriptions(Class & nominal value) | Ordinary Shares of RM1.00 each ("OS") |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 14,000 | 0.200 |
Circumstances by reason of which change has occurred | Deemed interested by virtue of TSDDMS's interest in Empire Holdings Ltd ("EHL"). Disposal of shares by EHL via direct deal in the open market for compliance of public shareholding spread ("PSS"). |
Nature of interest | Indirect Interest |
Consideration (if any) | As per the above indicated price under the price transacted column. |
Total no of securities after change | |
Direct (units) | |
Direct (%) | |
Indirect/deemed interest (units) | 154,469,087 |
Indirect/deemed interest (%) | 67.53 |
Date of notice | 19/09/2013 |
Remarks : |
Indirect interest held as follows: - i)EHL – 37,817,590 (16.53%); and ii)Maybank Nominees (Asing) Sdn Bhd for Shamil Bank of Bahrain B.S.C. (C)(Beneficiary: EHL)-116,651,497 (51%). The said disposal is made in an effort to meet and rectify the PSS, as required by Bursa Malaysia Securities Berhad ("Bursa") via its letter dated 1 March 2013. Further application for extension of time to comply with the PSS has been made to Bursa on 29 August 2013. The above disposal of 14,000 shares at a price of RM0.20 per share, representing 0.006% of the total shareholding in Turiya Bhd's OS and this announcement is made pursuant to paragraph 14.09 of the Main Market Listing Requirements of Bursa. |
TURIYA - Changes in Sub. S-hldr's Int. (29B) - Empire Holdings Ltd
Company Name | TURIYA BERHAD |
Stock Name | TURIYA |
Date Announced | 19 Sept 2013 |
Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
Reference No | TT-130919-6C6C7 |
Particulars of substantial Securities Holder
Name | Empire Holdings Ltd |
Address | Abacus (Seychelles) Limited Mont Fleuri, Mahe Seychelles |
NRIC/Passport No/Company No. | IBC 037427 |
Nationality/Country of incorporation | Republic of Seychelles |
Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each ("OS") |
Name & address of registered holder | Empire Holdings Limited c/o Suite 10.1, 10th Floor, Wisma Chase Perdana Changkat Semantan, Damansara Heights 50490 Kuala Lumpur Maybank Nominees (Asing) Sdn Bhd Shamil Bank of Bahrain B.S.C. (C) 14th Floor, Menara Maybank 100 Jalan Tun Perak 50050 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 18/09/2013 | 14,000 | 0.200 |
Remarks : |
Indirect interest held as follows: - i)EHL – 37,817,590 (16.53%); and ii)Maybank Nominees (Asing) Sdn Bhd for Shamil Bank of Bahrain B.S.C. (C)(Beneficiary: EHL)-116,651,497 (51%). The said disposal is made in an effort to meet and rectify the PSS, as required by Bursa Malaysia Securities Berhad ("Bursa") via its letter dated 1 March 2013. Further application for extension of time to comply with the PSS has been made to Bursa on 29 August 2013. The above disposal of 14,000 shares at a price of RM0.20 per share, representing 0.006% of the total shareholding in Turiya Bhd's OS and this announcement is made pursuant to paragraph 14.09 of the Main Market Listing Requirements of Bursa. |
TURIYA - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Datuk Dr Mohan M.K. Swami, J.P. ("TSDDMS")
Company Name | TURIYA BERHAD |
Stock Name | TURIYA |
Date Announced | 19 Sept 2013 |
Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
Reference No | TT-130919-6C6BD |
Particulars of substantial Securities Holder
Name | Tan Sri Datuk Dr Mohan M.K. Swami, J.P. ("TSDDMS") |
Address | 11, Jalan 16/14, Section 16, 46350 Petaling Jaya, Selangor. |
NRIC/Passport No/Company No. | 510929-08-5657 |
Nationality/Country of incorporation | Malaysian |
Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each ("OS"). |
Name & address of registered holder | Empire Holdings Ltd c/o Suite 10.1, 10th Floor, Wisma Chase Perdana Changkat Semantan, Damansara Heights 50490 Kuala Lumpur Maybank Nominees (Asing) Sdn Bhd Shamil Bank of Bahrain B.S.C. (C) 14th Floor, Menara Maybank 100 Jalan Tun Perak 50050 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 18/09/2013 | 14,000 | 0.200 |
Remarks : |
Indirect interest held as follows: - i)EHL – 37,817,590 (16.53%); and ii)Maybank Nominees (Asing) Sdn Bhd for Shamil Bank of Bahrain B.S.C. (C)(Beneficiary: EHL)-116,651,497 (51%). The said disposal is made in an effort to meet and rectify the PSS, as required by Bursa Malaysia Securities Berhad ("Bursa") via its letter dated 1 March 2013. Further application for extension of time to comply with the PSS has been made to Bursa on 29 August 2013. The above disposal of 14,000 shares at a price of RM0.20 per share, representing 0.006% of the total shareholding in Turiya Bhd's OS and this announcement is made pursuant to paragraph 14.09 of the Main Market Listing Requirements of Bursa. |
HARTA - MATERIAL LITIGATION
Company Name | HARTALEGA HOLDINGS BERHAD |
Stock Name | HARTA |
Date Announced | 19 Sept 2013 |
Category | General Announcement |
Reference No | C&-130919-E9FCD |
Type | Announcement |
Subject | MATERIAL LITIGATION |
Description | HARTALEGA HOLDINGS BERHAD LITIGATION BETWEEN SENTINEL ENGINEERING (M) SDN BHD ("Sentinel") AND HARTALEGA SDN BHD ("Hartalega Sdn Bhd") WITH ECOTHERM (TFT) SDN BHD AND ECOTHERM SDN BHD (collectively referred as "Ecotherm") |
Reference is made to the announcement dated 23 September 2011, 29 August 2011 and 10 August 2010 and the Judgment of the High Court of Malaya dated 25 August 2011 (“High Court Judgment”), wherein it was adjudged that: (1) Sentinel’s Patent No. MY 140770-A entitled “The Arrangement and Method of Assembling Former Holders” (“770 Patent”) is valid; (2) Ecotherm’s Patent No. MY 121188-A entitled “Conveyor System for Use in Dipping Process” (188 Patent”) is valid; (3) Hartalega double former conveyor system does not infringe Ecotherm’s 188 Patent. Hartalega Holdings Berhad wishes to announce that the Company was informed by the solicitors that on the even date that on 12 September 2013, Sentinel, Hartalega Sdn Bhd and Ecotherm have reached a settlement and parties have withdrawn their respective appeals against the High Court Judgment with no order as to costs. By reason thereof the High Court Judgment stands. This announcement is dated 19 September 2013. |
ASAS - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Company Name | ASAS DUNIA BERHAD |
Stock Name | ASAS |
Date Announced | 19 Sept 2013 |
Category | General Announcement |
Reference No | AD-130919-65833 |
Type | Announcement |
Subject | TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) |
Description | UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM RHB INVESTMENT BANK BERHAD ON BEHALF OF TONY CHAN HOLDINGS SENDIRIAN BERHAD, TONY CHAN CAPITAL SDN BHD, SPRINTEX LIMITED AND BEST CONDITIONS LIMITED (COLLECTIVELY REFERRED TO AS THE "JOINT OFFERORS") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN ASAS DUNIA BERHAD ("ADB") ("ADB SHARE(S)") NOT ALREADY HELD BY THE JOINT OFFERORS AND THE PERSONS ACTING IN CONCERT WITH THEM ("PACs") ("OFFER SHARE(S)") FOR A CASH CONSIDERATION OF RM1.70 PER OFFER SHARE ("OFFER") |
We refer to the announcements dated 29 July 2013, 31 July 2013, 6 August 2013, 16 August 2013, 19 August 2013, 27 August 2013 and 6 September 2013. We wish to announce that ADB has received the press notice from RHB Investment Bank Berhad, on behalf of the Joint Offerors, informing that:- i. The closing date of the Offer has been extended from 5.00pm (Malaysian time) on Monday, 23 September 2013 to 5.00pm (Malaysian time) on Friday, 18 October 2013, being the final closing date of the Offer; and ii. The Joint Offerors have received valid acceptances in respect of the Offer Shares, resulting in the Joint Offerors and their PACs holding, together with such ADB Shares that are already acquired, held or entitled to be acquired or held by the Joint Offerors and their PACs, more than 75% of the total voting shares of ADB as at 5.00pm on 19 September 2013, of which the detailed disclosure of level of acceptances of the Offer is referred to in press notice. Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Listing Requirements") states that a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders. Consequently, we do not comply with the public shareholding spread requirement as set out under Paragraph 8.02(1) of the Listing Requirements. As stated in Section 4 of the offer document in relation to the Offer dated 19 August 2013, it is not the intention of the Joint Offerors to maintain the listing status of ADB. Further, the Joint Offerors do not intend to take any steps to address the shortfall in the public shareholding spread of ADB. In accordance with Section 26(1) of the Malaysian Code on Take-Overs and Mergers, 2010, the detailed disclosure of level of acceptances of the Offer as at 5.00p.m. (Malaysian time) on Thursday, 19 September 2013 is set out in the press notice. A copy of the press notice on the abovementioned matters is attached herewith. This announcement is dated 19 September 2013.
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PETGAS - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Company Name | PETRONAS GAS BERHAD |
Stock Name | PETGAS |
Date Announced | 19 Sept 2013 |
Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
Reference No | PG-130919-8E859 |
Particulars of substantial Securities Holder
Name | KUMPULAN WANG PERSARAAN (DIPERBADANKAN) |
Address | Aras 4, 5 & 6, Menara Yayasan Tun Razak, 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
NRIC/Passport No/Company No. | KWAPACT6622007 |
Nationality/Country of incorporation | Malaysian |
Descriptions (Class & nominal value) | Ordinary Share of RM1.00/share |
Name & address of registered holder | Kumpulan 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 transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 11/09/2013 | 2,200 | |
Disposed | 12/09/2013 | 4,300 |
Remarks : |
Received Form 29B on 19 September 2013 |
ITRONIC - Change in Audit Committee
Company Name | INDUSTRONICS BERHAD |
Stock Name | ITRONIC |
Date Announced | 19 Sept 2013 |
Category | Change in Audit Committee |
Reference No | CC-130919-55709 |
Date of change | 19/09/2013 |
Name | Yip Wai Man Raymond |
Age | 43 |
Nationality | Chinese |
Type of change | Resignation |
Designation | Member of Audit Committee |
Directorate | Executive |
Qualifications | Mr. Yip Wai Man Raymond graduated from the Memorial University of Newfoundland with a Bachelor Degree in Commerce and was also admitted by the Council of the University of New South Wales and the Senate of the University of Sydney with a Master's Degree in Business Administration. He is also a member of the Institute of Chartered Accountants in Australia, the Certified General Accountant's Association of Canada and the Hong Kong Institute of Certified Public Accountants. |
Working experience and occupation | He began his career with Ernst & Young and has over 14 years of experience in financial management. As an accountant by training, he was appointed as a Chief Financial Officer with a global marketer and distributor of mobile entertainment products and services for over seven years and a Financial Controller with a multinational electronics manufacturing company in Hong Kong for over two years. Mr. Yip is also a Director of GPRO Technologies Berhad, a company listed on the ACE market. |
Directorship of public companies (if any) | GPRO Technologies Berhad |
Family relationship with any director and/or major shareholder of the listed issuer | Nil |
Any conflict of interests that he/she has with the listed issuer | Nil |
Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
Composition of Audit Committee (Name and Directorate of members after change) | 1. Wong Yuk Ching Anna (Chairman, Independent Non-Executive Director) 2. Liau Lian Fatt (Member, Independent Non-Executive Director) |
Remarks : |
The Company is required to fill the vacancy in the Audit Committee within three (3) months pursuant to Paragraph 15.19 of the Main Market Listing Requirements. |
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