PMETAL - OTHERS PRESS METAL BERHAD ("THE COMPANY") - FINAL ASSETS SETTLEMENT AGREEMENT
Announcement Type: General Announcement
| Company Name | PRESS METAL BERHAD |
| Stock Name | PMETAL |
| Date Announced | 12 Sept 2013 |
| Category | General Announcement |
| Reference No | CC-130912-35069 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PRESS METAL BERHAD ("THE COMPANY") - FINAL ASSETS SETTLEMENT AGREEMENT |
1. INTRODUCTION The Board of Directors of the Company wishes to inform that the Company and its 90%-owned subsidiary, Hubei Press Metal Huasheng Aluminium & Electric Co. Ltd (“PMH”) had on 6 September 2013 entered into a final assets settlement agreement (“Final ASA”) with Hubei Hashing Aluminium and Electric Co. Ltd (“HHAE”) and Qianjiang City Qiansheng State-Owned Enterpise (“QCQ”). Accordingly, the previous sale and purchase agreement and the relevant supplementary agreements shall be void, effective from the date of the Final ASA. PMH was incorporated in December 2006 to acquire the aluminium smelting plant and its related assets and certain liabilities from HHAE in 2007. PMH was primarily involved in producing the upstream aluminium products namely aluminium ingot and billet. Throughout the years, PMH has significantly transferred the know-how technology and technical support to the Group’s new smelting plants in Mukah and Samalaju, Sarawak which commenced operation in 2009 and 2012 respectively. 2. DETAILS OF THE AGREEMENT Pursuant to the Final ASA, PMH will dispose of all its assets to HHAE (except its wholly-owned subsidiary, Press Metal International (Hubei) Ltd. (“PMIH”) and the leasehold land occupied by PMIH and certain liabilities) (“Disposal”). PMIH is principally engaged in the downstream aluminium extrusion products and located adjacent to PMH’s smelting plant. In conjunction with the Disposal, QCQ will transfer its 10% share of equity in PMH to the Company, making PMH a wholly-owned subsidiary of the Company. 3. RATIONALE FOR THE AGREEMENT The rationale of disposing the PMH’s assets is to discontinue the loss making business from the Group. The one off disposal loss is about RM50 million comprising the assets impairment loss and certain liabilities assumed. Such disposal is expected to enhance the Group’s profitability in the future. 4. DETAILS OF THE CONSIDERATION According to the Final ASA, PMH will transfer to HHAE all its assets, mainly the aluminium smelter, the power plant and the land occupied by the plants except the subsidiary of PMH, namely PMIH and the land occupied by PMIH. Also, part of the consideration, PMH will be responsible for certain of its own liabilities. In return, as a consideration, QCQ will transfer its 10% share of equity in PMH to the Company. 5. EFFECTS OF THE AGREEMENT 5.1 Share capital and substantial shareholders’ shareholdings The Disposal will not have any impact on the issued and paid-up share capital and the substantial shareholders’ shareholdings of the Company. 5.2 Earnings per share and net assets per share The Disposal will not have any material effect on the earnings per share and net assets per share of the Company for the financial year ending 31 December 2013 in view of the saving arises from discontinuing the loss making business from the Group. 6. APPROVALS REQUIRED The Disposal is not subject to any regulatory / shareholders’ approval. 7. DIRECTORS’ AND MAJOR SHAREHOLDER’S INTERESTS OR PERSONS CONNECTED None of the directors of the Company or its major shareholder or persons connected with a director or major shareholder of the Company has any interest, direct or indirect, in the Disposal. 8. DIRECTORS’ STATEMENT The Board, after having considered all aspects of the Disposal is of the opinion that the Disposal is in the best interest of the Company and the Group. This announcement is dated 12 September 2013. | |
PMETAL - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | PRESS METAL BERHAD |
| Stock Name | PMETAL |
| Date Announced | 12 Sept 2013 |
| Category | General Announcement |
| Reference No | CC-130912-7B38C |
| Type | Announcement | ||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||
| Description | Pursuant to Paragraph 14.09(a) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has notified on the change of his interests in the securities of the Company as set out in the table below: | ||||||||||||
Ordinary shares:
This announcement is dated 12 September 2013. | |||||||||||||
PMETAL - Changes in Director's Interest (S135) - Dato' Koon Poh Tat
Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
| Company Name | PRESS METAL BERHAD |
| Stock Name | PMETAL |
| Date Announced | 12 Sept 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-130912-7B1B7 |
Information Compiled By KLSE
Particulars of Director
| Name | Dato' Koon Poh Tat |
| Address | No. 20, Jalan 29, Taman Overseas Union, Off Jalan Kelang Lama, 58200 Kuala Lumpur, Malaysia |
| Descriptions(Class & nominal value) | Ordinary Shares of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 87,300 | 2.090 |
| Circumstances by reason of which change has occurred | Acquisition of Shares |
| Nature of interest | Direct |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 14,185,300 |
| Direct (%) | 2.78 |
| Indirect/deemed interest (units) | 499,522 |
| Indirect/deemed interest (%) | 0.1 |
| Date of notice | 12/09/2013 |
| Remarks : |
| The direct interest in 14,185,300 ordinary shares of RM0.50 each are held as follows: i) 3,266,000 ordinary shares of RM0.50 each in the name of Dato' Koon Poh Tat. ii) 4,847,500 ordinary shares of RM0.50 each in the name of RHB Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Dato' Koon Poh Tat. iii) 6,001,800 ordinary shares of RM0.50 each in the name of Alliancegroup Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Dato' Koon Poh Tat. iv) 70,000 ordinary shares of RM0.50 each in the name of Public Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Dato' Koon Poh Tat. The indirect interest in 499,522 ordinary shares of RM0.50 each are held as follows: i) 399,522 ordinary shares of RM0.50 each by virtue of his spouse, Datin Chan Hean Heoh's holdings. ii) 100,000 ordinary shares of RM0.50 each by virtue of his son, Koon Pak Soon's holdings. |
FRB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | FORMIS RESOURCES BERHAD |
| Stock Name | FRB |
| Date Announced | 12 Sept 2013 |
| Category | General Announcement |
| Reference No | FR-130910-32EE1 |
| Type | Announcement | ||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||
| Description | We wish to announce that pursuant to Paragraph 14.08 of the Listing Requirements of the Bursa Malaysia Securities Berhad, Formis Resources Berhad ("FRB") has on 12 September 2013 received notification dated 12 September 2013 from Dato' Gan Nyap Liou @ Gan Nyap Liow ("Dato' Gan") of his dealings in the Warrants 2013/2018 of FRB as per Table A below. | ||||||||||||||||
TABLE A
^ Deemed interest by virtue of his substantial interest in PlanetBiz Investments Limited pursuant to Section 6A of the Companies Act, 1965. | |||||||||||||||||
FRB-WB - Changes in Director's Interest (S135) - Dato' Gan Nyap Liou @ Gan Nyap Liow
Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
| Company Name | FORMIS RESOURCES BERHAD |
| Stock Name | FRB-WB |
| Date Announced | 12 Sept 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | FR-130910-32EEA |
Information Compiled By KLSE
Particulars of Director
| Name | Dato' Gan Nyap Liou @ Gan Nyap Liow |
| Address | 30 Lorong Kemaris 1 Bukit Bandaraya Bangsar 59100 Kuala Lumpur |
| Descriptions(Class & nominal value) | Warrants 2013/2018 |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 30,000 |
| Circumstances by reason of which change has occurred | Acquisition of Warrants 2013/2018. |
| Nature of interest | Direct Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 1,778,000 |
| Direct (%) | 2.14 |
| Indirect/deemed interest (units) | 2,831,500 |
| Indirect/deemed interest (%) | 3.41 |
| Date of notice | 12/09/2013 |
KPSCB - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
| Company Name | KPS CONSORTIUM BERHAD |
| Stock Name | KPSCB |
| Date Announced | 12 Sept 2013 |
| Category | General Announcement |
| Reference No | KC-130912-56820 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | Acquisition of land by the Company's wholly-owned subsidiary, KPS Plywood Sdn Bhd |
The Board of Directors of KPS Consortium Berhad wishes to announce that KPS Plywood Sdn Bhd, a wholly owned subsidiary of the Company had on 11 September 2013 entered into Sale and Purchase Agreements to acquire 19 pieces of land for a total consideration of RM 4,458,381.00 only. Please refer to attachment for further details of the announcement. | |
RCECAP - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
| Company Name | RCE CAPITAL BERHAD |
| Stock Name | RCECAP |
| Date Announced | 12 Sept 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | RC-130912-3806A |
PTARAS - Final Dividend
Announcement Type: Entitlements (Notice of Book Closure)
| Company Name | PINTARAS JAYA BHD |
| Stock Name | PTARAS |
| Date Announced | 12 Sept 2013 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | PJ-130912-34837 |
PTARAS - GENERAL MEETINGS: NOTICE OF MEETING
Announcement Type: General Meetings
| Company Name | PINTARAS JAYA BHD |
| Stock Name | PTARAS |
| Date Announced | 12 Sept 2013 |
| Category | General Meetings |
| Reference No | PJ-130912-34677 |
| Type of Meeting | EGM |
| Indicator | Notice of Meeting |
| Description | PINTARAS JAYA BERHAD - Extraordinary General Meeting |
| Date of Meeting | 07/10/2013 |
| Time | 10:00 AM |
| Venue | Holiday Inn Kuala Lumpur Glenmarie Glenmarie Ballroom B 1 Jalan Usahawan U1/8 40250 Shah Alam Selangor Darul Ehsan |
| Date of General Meeting Record of Depositors | 01/10/2013 |
PTARAS - GENERAL MEETINGS: NOTICE OF MEETING
Announcement Type: General Meetings
| Company Name | PINTARAS JAYA BHD |
| Stock Name | PTARAS |
| Date Announced | 12 Sept 2013 |
| Category | General Meetings |
| Reference No | PJ-130912-34422 |
| Type of Meeting | AGM |
| Indicator | Notice of Meeting |
| Description | PINTARAS JAYA BERHAD - Notice of Twenty-Fourth Annual General Meeting - Notice of Dividend Entitlement |
| Date of Meeting | 07/10/2013 |
| Time | 09:30 AM |
| Venue | Holiday Inn Kuala Lumpur Glenmarie Glenmarie Ballroom B 1 Jalan Usahawan U1/8 40250 Shah Alam Selangor Darul Ehsan |
| Date of General Meeting Record of Depositors | 01/10/2013 |
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