October 24, 2013

Company announcements: CIMBA40, CIMBC25, PANTECH, DAYANG, SUNWAY, SKPETRO-HA, ELKDESA

CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced24 Oct 2013  
CategoryGeneral Announcement
Reference NoOB-131024-46934

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 24-Oct-2013
IOPV per unit (RM): 1.6964
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 11,206.71



CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced24 Oct 2013  
CategoryGeneral Announcement
Reference NoOB-131024-46879

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 24-Oct-2013
IOPV per unit (RM): 0.9398
Units in circulation (units): 37,050,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 16,148.78



PANTECH - Quarterly rpt on consolidated results for the financial period ended 31/8/2013 (Amended Announcement)

Announcement Type: Financial Results
Company NamePANTECH GROUP HOLDINGS BERHAD  
Stock Name PANTECH  
Date Announced24 Oct 2013  
CategoryFinancial Results
Reference NoCC-131024-810ED

Financial Year End28/02/2014
Quarter2
Quarterly report for the financial period ended31/08/2013
The figureshave not been audited

Attachments

Pantech2Q_28Feb14.pdf
853 KB


Remarks :
The attachment is in PDF format, to supercede the file released yesterday, on 23 October 2013, which was in word format.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/08/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/08/2013
31/08/2012
31/08/2013
31/08/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
153,826
164,114
316,089
309,345
2Profit/(loss) before tax
21,917
22,671
40,443
40,582
3Profit/(loss) for the period
15,302
14,305
29,067
26,765
4Profit/(loss) attributable to ordinary equity holders of the parent
15,302
14,307
29,068
26,769
5Basic earnings/(loss) per share (Subunit)
2.91
3.13
5.52
5.86
6Proposed/Declared dividend per share (Subunit)
1.20
1.20
2.40
2.20


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 ($$)
0.7300
0.7400
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:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


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

Announcement Type: General Announcement
Company NameDAYANG ENTERPRISE HOLDINGS BERHAD  
Stock Name DAYANG  
Date Announced24 Oct 2013  
CategoryGeneral Announcement
Reference NoDE-131024-38161

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionNOTIFICATION OF DEALING OUTSIDE CLOSED PERIOD PURSUANT TO PARAGRAPH 14.09 OF THE MAIN MARKET LISTING REQUIREMENTS

Pursuant to Paragraph 14.09 (a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Dayang Enterprise Holdings Bhd ("Dayang" or "the Company") wishes to announce that the following director of the Company has dealt in the securities of the Company as set out in the table below:-

Name of Director

Date of Transaction

Price per share

No of shares disposed

% of Issued Share Capital

Chia Chu Fatt

23.10.2013

RM5.29

100,000

0.019

This announcement is dated 24 October 2013.



DAYANG - Changes in Director's Interest (S135) - Chia Chu Fatt

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameDAYANG ENTERPRISE HOLDINGS BERHAD  
Stock Name DAYANG  
Date Announced24 Oct 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoDE-131024-39501

Information Compiled By KLSE

Particulars of Director

NameChia Chu Fatt
Address61 Piasau Garden,
98000 Miri,
Sarawak.
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)
Disposed
23/10/2013
100,000
 

Circumstances by reason of which change has occurredDisposal
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)110,937 
Direct (%)0.02 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice24/10/2013


SUNWAY - OTHERS SUNWAY BERHAD (“SUNWAY”) (A) SUBSCRIPTION AND SHAREHOLDERS’ AGREEMENT BETWEEN SUNWAY SOUTH QUAY SDN BHD (A SUBSIDIARY OF SUNWAY), SEA INVESTMENT FOUR PTE LTD (A WHOLLY-OWNED SUBSIDIARY OF MITSUI FUDOSAN (ASIA) PTE LTD) AND PROSPER REVENUE SDN BHD (B) SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY SOUTH QUAY SDN BHD, SUNWAY LAGOON SDN BHD (A SUBSIDIARY OF SUNWAY) AND PROSPER REVENUE SDN BHD

Announcement Type: General Announcement
Company NameSUNWAY BERHAD  
Stock Name SUNWAY  
Date Announced24 Oct 2013  
CategoryGeneral Announcement
Reference NoSS-131024-7C5C9

TypeAnnouncement
SubjectOTHERS
DescriptionSUNWAY BERHAD (“SUNWAY”)
(A) SUBSCRIPTION AND SHAREHOLDERS’ AGREEMENT BETWEEN SUNWAY SOUTH QUAY SDN BHD (A SUBSIDIARY OF SUNWAY), SEA INVESTMENT FOUR PTE LTD (A WHOLLY-OWNED SUBSIDIARY OF MITSUI FUDOSAN (ASIA) PTE LTD) AND PROSPER REVENUE SDN BHD
(B) SALE AND PURCHASE AGREEMENT BETWEEN SUNWAY SOUTH QUAY SDN BHD, SUNWAY LAGOON SDN BHD (A SUBSIDIARY OF SUNWAY) AND PROSPER REVENUE SDN BHD
1. INTRODUCTION

The Board of Directors of Sunway wishes to announce that Sunway South Quay Sdn Bhd (“SSQ”), a subsidiary of Sunway, has on 23 October 2013, entered into a Subscription and Shareholders’ Agreement (“SSA") with SEA Investment Four Pte Ltd (“SEAI4”), a wholly-owned subsidiary of Mitsui Fudosan (Asia) Pte Ltd and Prosper Revenue Sdn Bhd (“PRSB”) for the purpose of regulating the relationship of SSQ and SEAI4 as the shareholders of PRSB in the conduct of the business and affairs of PRSB in relation to the proposed development and construction of 2 blocks of condominiums comprising an aggregate of 472 units known as Sunway Geo Residences Development and the sale of these units (“Proposed Joint Venture”) on the following land within the Sunway South Quay development with a total gross land measuring approximately 27,520 square metres:-
      (i) Land held under PN81533 Lot No. 62640, Bandar Sunway, Daerah Petaling, Negeri Selangor measuring approximately 26,711 square metres; and

      (ii) Land held under H.S(D) 222682 PT No. 885, Bandar Sunway, Daerah Petaling, Negeri Selangor measuring approximately 809 square metres
      (collectively, referred to as “the Land”).
        SSQ has also on even date, entered into a Sale and Purchase Agreement (“SPA”) with Sunway Lagoon Sdn Bhd (“SLSB”), SSQ’s holding company and PRSB whereby PRSB agrees to acquire the Land and SSQ as the beneficial owner agrees to sell the Land free from all encumbrances and with vacant possession but subject to the express and implied conditions and restrictions in interest endorsed in the issue documents of title to the Land and subject to the issuance of a new single title to the Land pursuant to the surrender and re-alienation of the abovementioned titles, for a total consideration of RM59,241,600/- (“Proposed Acquisition”).
    2. INFORMATION ON SSQ, SLSB, SEAI4 AND PRSB

    2.1 SSQ

        SSQ is a company incorporated in Malaysia and having its registered office at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan. The authorised and paid-up share capital of SSQ are RM500,000/- and RM250,000/- respectively. The principal activity of SSQ is property development.

      SSQ is a joint venture vehicle amongst SLSB, Employees’ Provident Fund Board and Kuwait Finance House (Malaysia) Berhad.
    2.2 SLSB

        SLSB, the registered proprietor of the Land, is a company incorporated in Malaysia and having its registered office at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan. The authorised and paid-up share capital of SLSB are RM52,000,000/- and RM10,000,000/- respectively. The principal activity of SLSB is operation of a theme park which includes restaurant, recreational, amusement and zoo activities establishments.

      SLSB is a wholly-owned subsidiary of Sunway City Sdn Bhd, which is a wholly-owned subsidiary of Sunway.
    2.3 SEAI4

        SEAI4 is a company incorporated in Singapore and having its registered office at 24 Peck Seah Street #04-03, Nehsons Building, Singapore. The authorised and paid-up share capital of SEAI4 are both S$9,375,000/-. The principal activity of SEAI4 is investment holding.

        SEAI4 is a wholly-owned subsidiary of Mitsui Fudosan (Asia) Pte Ltd (“Mitsui”) whose shareholders are Mitsui Fudosan Residential Co., Ltd and Mitsui Fudosan Co., Ltd. Mitsui Fudosan Residential Co., Ltd, a wholly-owned subsidiary of Mitsui Fudosan Co., Ltd is a leading property developer in Japan.

        Mitsui Fudosan Co., Ltd was incorporated on 15 July 1941 under the laws of Japan and is currently listed on the Tokyo Stock Exchange. The present authorized share capital of Mitsui Fudosan Co., Ltd is 3,290,000,000 ordinary shares. The total issued and paid-up share capital of Mitsui is 881,424,727 ordinary shares. Mitsui Fusodan Co., Ltd is a real estate company.

    2.4 PRSB

        PRSB is a company incorporated in Malaysia and having its registered office at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan. The authorised and paid-up share capital of PRSB are RM100,000/- and RM2/- respectively. The intended principal activity of PRSB is to develop the Sunway Geo Residences Development.
          As at the date of this announcement, PRSB is a wholly-owned subsidiary of SSQ.

      3. SALIENT TERMS OF THE SPA AND SSA

      3.1 SPA
          Pursuant to the SPA, PRSB will acquire the Land from SSQ free from all encumbrances and with vacant possession but subject to the express and implied conditions and restrictions in interest endorsed in the issue documents of title to the Land and subject to the issuance of a new single title to the Land pursuant to the surrender and re-alienation of the titles mentioned above, for a total consideration of RM59,241,600/-.

          The total purchase consideration shall be satisfied by PRSB in the form of cash or a combination of cash and new shares or preference shares in the share capital of PRSB to be issued by PRSB to SSQ on the completion of the SPA.

          SLSB will deliver a Deed of Trust that it will hold the Land in trust for the sole benefit of PRSB as from the completion of the SPA and also a Power of Attorney in favour of PRSB to deal with the Land effective from the completion of the SPA.
      3.2 SSA
          SSQ, SEAI4 and PRSB have entered into the SSA to set out the terms and conditions of the subscription of shares by SSQ and SEAI4 in PRSB, to undertake the Proposed Joint Venture as well as to regulate the relationship of SSQ and SEAI4 as shareholders of PRSB.

          Upon completion of the obligation to subscribe for shares under the SSA, SSQ and SEAI4 will be holding ordinary shares of par value RM1.00 each and redeemable preference shares of par value RM0.01 each at the issue price of RM1.00 per share in PRSB in the proportion of 67%:33%.

          The SSA also provides that :-
            (i) SSQ shall have four (4) directors and SEAI4 shall have two (2) directors in PRSB;

            (ii) A management committee shall be established to oversee matters relating to the Sunway Geo Residences Development; and

            (iii) SSQ shall be entitled to appoint the chief executive officer and the financial controller who shall manage the operations of PRSB with the management team members under the Management Agreement to be entered into between PRSB and Sunway Integrated Properties Sdn Bhd, a subsidiary of Sunway.

        4. BASIS OF ARRIVING AT THE PURCHASE CONSIDERATION FOR THE LAND
            The purchase consideration of RM59,241,600/- was arrived at on a willing-buyer willing-seller basis between SSQ and PRSB after taking into consideration the indicative market value of land within the vicinity of the Land.

            The amount was calculated at the rate of RM200/- per square feet based on a total land area of approximately 296,208 square feet.
          5. LIABILITIES TO BE ASSUMED

            Save as disclosed below, there are no other liabilities (including contingent liabilities and guarantees) to be assumed by Sunway arising from the Proposed Joint Venture and Proposed Acquisition.

            In relation to the Proposed Joint Venture, Sunway will provide a letter of guarantee and indemnity to SEAI4 and Mitsui Fudosan Residential Co., Ltd whereby it shall, inter alia, guarantee the performance of SSQ of the terms of the SSA as if it were a party to the SSA in place of SSQ to the extent that Sunway is able to, in the exercise of its 60% shareholding interest in SSQ, cause SSQ to use its best efforts to assist PRSB and to protect and enforce PRSB’s rights and interests under the respective transaction documents.

            In relation to the Proposed Acquisition, Sunway will provide a letter of guarantee and indemnity to PRSB and SEAI4 whereby it shall, inter alia, guarantee the performance of SSQ of the terms of the SPA to the extent that Sunway is able to in the exercise of its 60% shareholding interest in SSQ.

          6. RATIONALE

          The rationale for the Proposed Joint Venture are as follow:
              (i) The joint venture partner, Mitsui Fudosan Residential Co. Ltd, the ultimate holding company of SEAI4 is a leading property developer in Japan. The Proposed Joint Venture will enable Sunway to penetrate into the Japanese market and create awareness of Sunway Geo Residences Development as well as all other projects within Sunway Group to the Japanese property investors; and
                (ii) The Proposed Joint Venture would provide Sunway and its subsidiaries an opportunity for future collaboration with Mitsui Fudosan Residential Co. Ltd.

            7. PROSPECTS
                The Sunway Geo Residences Development is part of the international community of Sunway South Quay which benefits from the surrounding amenities in the matured township of Bandar Sunway which offers world class education, shopping mall, healthcare and medical facilities. The Sunway Geo Residences Development will also benefit from the upcoming Bus Rapid Transit (BRT) – Sunway Line which has a station in front of Sunway Geo Retail at Sunway South Quay. The elevated 5.4km BRT-Sunway Line, connecting to future LRT station at USJ (Kelana Jaya LRT extension) and existing Setia Jaya KTM station is scheduled for completion by 2015.
              As Sunway South Quay is designed to be an international lakeside community, the Proposed Joint Venture with Mitsui Fudosan Residential Co., Ltd is aligned with the plan to attract Japanese to reside within this community. The Japanese market is looking at overseas investment opportunities in the Malaysian real estate due to the shrinking local market and sales. Despite sizeable population in Japan as the world’s 10th largest population with over 127 million people, there is surplus housing due to aging population and falling birth rates. With declining domestic demand and property prices coupled with fears of potential nuclear disaster and tsunami, Japanese investors are looking outwards to invest in Asian countries including Malaysia. Japanese favours Malaysia as it is conducive for extended stay as a second home or retirement. (Sources: MPI courts Japanese Investors, New Straits Times, December 2012).

            8. FEASIBILITY STUDY
              A feasibility study has been conducted jointly by SSQ and Mitsui prior to the entering of the SSA and SPA.

              The proposed development of 472 units of condominium which will form part of the integrated development at Sunway South Quay development, was expected to generate an estimated gross development value of RM319 million.

              Based on the results of the feasibility study and the rationale mentioned in (6) above, Sunway is of the view that the project is financially viable and attractive to proceed with the Proposed Joint Venture.


            9. RISK FACTORS
              The property development industry is cyclical in nature. The achievability of future earnings is highly dependent on inter alia, the location and type of development, ability to obtain relevant approvals, performance of building contractors as well as general market conditions.

              Sunway will continuously monitor the market sentiment and time the launch when there is a strong demand for residential properties. However, the risk will be minimized as the Land is located in a strategic location.

            10. SOURCE OF FUNDS
              SSQ will fund the Proposed Joint Venture with internally generated funds.

              PRSB will fund the Proposed Acquisition by way of issuance of new shares to SSQ and capital injection from its shareholders.

              The development costs of the Land will be funded by PRSB through bank borrowings, proceeds from injection of share capital and/or internally generated funds.

            11. EFFECTS OF THE PROPOSED JOINT VENTURE AND PROPOSED ACQUISITION

            11.1 On Share Capital and Substantial Shareholders’ Shareholding
              The Proposed Joint Venture and the Proposed Acquisition will not have any effect on the share capital and substantial shareholders' shareholding of Sunway as these proposals do not involve any allotment or issuance of new shares by Sunway.

            11.2 On Earnings Per Share, Net Assets Per Share and Gearing
              The Proposed Acquisition and Proposed Joint Venture are not expected to have any immediate material effect on the earnings per share, net assets per share and gearing of Sunway for the financial year ending 31 December 2013. However, the Proposed Joint Venture is expected to contribute positively to the future earnings of Sunway Group.

            12. APPROVAL REQUIRED

              The completion of the transactions under the SSA and the SPA do not require approval from the shareholders of Sunway. However the Proposed Acquisition is subject to the approval/consent of the relevant authorities.
            13. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

              Insofar as the Directors are aware, none of the directors or major shareholders of Sunway or persons connected with them has any interest, whether direct or indirect, in the Proposed Joint Venture and Proposed Acquisition.

            14. STATEMENT BY THE BOARD OF DIRECTORS

              The Board of Directors of Sunway is of the opinion that the Proposed Joint Venture and Proposed Acquisition are in the best interests of Sunway.

            15. HIGHEST PERCENTAGE RATIOS PURSUANT TO PARAGRAPH 10.02(G) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
              The highest percentage ratios as set out in Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad applicable to the Proposed Acquisition and the capital contribution by SSQ in PRSB are both 1.66%, which is the value of the purchase consideration compared with the net assets of Sunway and the value of assets compared to net assets of Sunway based on the audited financial statements of Sunway for the financial year ended 31 December 2012.

            16. ESTIMATED TIMEFRAME FOR COMPLETION OF THE PROPOSED ACQUISITION

              Barring any unforeseen circumstances and subject to the approval of the relevant authorities and fulfillment of all conditions precedent, the proposed acquisition of the Land is expected to be completed by the first half of 2014.

            17. DOCUMENTS AVAILABLE FOR INSPECTION

              The SSA and SPA are available for inspection at the registered office of Sunway at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan during normal business hours (9.00 a.m. to 6.00 p.m.) from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.

            This announcement is dated 24 October 2013.


            SKPETRO-HA - Listing Information & Profile for Structured Warrants

            Announcement Type: Listing Information & Profile
            NameSKPETRO-HA: PW SAPURAKENCANA PETROLEUM BERHAD (RHB)  
            Stock Name SKPETRO-HA  
            Date Announced24 Oct 2013  
            CategoryListing Information & Profile
            Reference NoMI-131023-65765

            Instrument TypeStructured Warrants
            Type of Structure WarrantsPut Warrants
            DescriptionNON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE PUT WARRANTS 
            Underlying StockSAPURAKENCANA PETROLEUM BERHAD
            IssuerRHB INVESTMENT BANK BERHAD
            Stock Code5218HA
            Stock Short NameSKPETRO-HA
            ISIN CodeMYL5218HAOA4
            BoardStructured Warrants
            SectorTRADING/SERVICES

            Initial Listing Information

            Listing Date25/10/2013
            Term Sheet Date24/10/2013
            Issue Date24/10/2013
            Issue/ Ask PriceMYR 0.1500
            Issue Size IndicatorUnit
            Issue Size in Unit40,000,000
            Maturity Date24/10/2014
            Exercise/Strike/Conversion PriceMYR 3.8000
            Revised Exercise/Strike/Conversion Price
            Exercise/ Conversion Ratio6:1
            Revised Exercise/ Conversion Ratio
            Settlement Type/ Convertible intoCash
            Name and contact details of market maker
            (if applicable)
            RHB Investment Bank Berhad
            Derivatives & Structured Products
            21st Floor, Plaza OSK
            Jalan Ampang
            50450 Kuala Lumpur
            Telephone no. : (603) 2162 0288
            Facsimile no. : (603) 2163 4836 
            Circumstances under which the market maker may not be able to provide quotes
            (if applicable)
            Please refer to Section 5.4 of the Base Prospectus dated 10 July 2013 and Section 3.1 of the Term Sheet dated 24 October 2013. 


            ELKDESA - Changes in Sub. S-hldr's Int. (29B) - Teoh Hock Chai @ Tew Hock Chai

            Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
            Company NameELK-DESA RESOURCES BERHAD  
            Stock Name ELKDESA  
            Date Announced24 Oct 2013  
            CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
            Reference NoER-131024-7B2FA

            Particulars of substantial Securities Holder

            NameTeoh Hock Chai @ Tew Hock Chai
            Address82, Jalan SS2/24, 47300 Petaling Jaya
            NRIC/Passport No/Company No.450603-10-5265
            Nationality/Country of incorporationMalaysian
            Descriptions (Class & nominal value)Ordinary share of RM1.00 each
            Name & address of registered holderTeoh Hock Chai @ Tew Hock Chai
            82 Jalan SS2/24, 47300 Petaling Jaya.

            ELK Group Sdn Bhd.
            15-17, Jalan Brunei Utara, Off Jalan Pudu, 55100 Kuala Lumpur.

            Public Nominees (Tempatan)Sdn Bhd Pledged Securities Account For ELK Group Sdn Bhd (JRC)
            17th Floor, Menara Public Bank, 145, Jalan Ampang, 50450 Kuala Lumpur (Ceased as a registered holder on 23 October 2013 after outward transfer of shares)

            Eng Lee Capital Sdn Bhd
            15-17, Jln Brunei Utara, Off Jln Pudu, 55100 Kuala Lumpur

            Eng Lee Kredit Sdn Bhd
            15-17, Jalan Brunei Utara, Off Jalan Pudu, 55100 Kuala Lumpur

            Details of changes

            Currency: Malaysian Ringgit (MYR)

            Type of transactionDate of change
            No of securities
            Price Transacted (RM)
            Transferred23/10/2013
            4,000,000
             

            Circumstances by reason of which change has occurredShares transferred.
            Nature of interestDeemed interest pursuant to S6A of the Companies Act, 1965.
            Direct (units)1,250,000 
            Direct (%)
            Indirect/deemed interest (units)29,939,931 
            Indirect/deemed interest (%)23.95 
            Total no of securities after change31,189,931
            Date of notice23/10/2013

            Remarks :
            This announcement is made based on Form 29B dated 23 October 2013 which was submitted by Mr. Teoh Hock Chai @ Tew Hock Chai to ELKDESA on 24 October 2013.


            ELKDESA - Changes in Sub. S-hldr's Int. (29B) - ELK Group Sdn Bhd

            Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
            Company NameELK-DESA RESOURCES BERHAD  
            Stock Name ELKDESA  
            Date Announced24 Oct 2013  
            CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
            Reference NoER-131024-7990F

            Particulars of substantial Securities Holder

            NameELK Group Sdn Bhd
            Address15-17, Jalan Brunei Utara, Off Jalan Pudu, 55100 Kuala Lumpur.
            NRIC/Passport No/Company No.105628-K
            Nationality/Country of incorporationMalaysia
            Descriptions (Class & nominal value)Ordinary share of RM1.00 each
            Name & address of registered holderELK Group Sdn Bhd
            15-17, Jalan Brunei Utara, Off Jalan Pudu, 55100 Kuala Lumpur.

            Public Nominees (Tempatan)Sdn Bhd Pledged Securities Account For ELK Group Sdn Bhd (JRC)
            17th Floor, Menara Public Bank, 145, Jalan Ampang, 50450 Kuala Lumpur (Ceased as a registered holder on 23 October 2013 after outward transfer of shares)

            Eng Lee Capital Sdn Bhd
            15-17, Jln Brunei Utara, Off Jln Pudu, 55100 Kuala Lumpur

            Eng Lee Kredit Sdn Bhd
            15-17, Jalan Brunei Utara, Off Jalan Pudu, 55100 Kuala Lumpur

            Details of changes

            Currency: Malaysian Ringgit (MYR)

            Type of transactionDate of change
            No of securities
            Price Transacted (RM)
            Transferred23/10/2013
            4,000,000
             

            Circumstances by reason of which change has occurredShares transferred.
            Nature of interestDirect interests.
            Direct (units)7,340,485 
            Direct (%)5.87 
            Indirect/deemed interest (units)22,599,446 
            Indirect/deemed interest (%)18.08 
            Total no of securities after change29,939,931
            Date of notice23/10/2013

            Remarks :
            This announcement is made based on Form 29B dated 23 October 2013 which was submitted by ELK Group Sdn. Bhd. to ELKDESA on 24 October 2013.


            ELKDESA - Changes in Director's Interest (S135) - Teoh Hock Chai @ Tew Hock Chai

            Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
            Company NameELK-DESA RESOURCES BERHAD  
            Stock Name ELKDESA  
            Date Announced24 Oct 2013  
            CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
            Reference NoER-131024-78948

            Information Compiled By KLSE

            Particulars of Director

            NameTeoh Hock Chai @ Tew Hock Chai
            Address82, Jalan SS 2/24, 47300 Petaling Jaya.
            Descriptions(Class & nominal value)Ordinary share of RM1.00 each.

            Details of changes

            Currency: Malaysian Ringgit (MYR)

            Type of transaction
            Date of change
            No of securities
            Price Transacted (RM)
            Transferred
            23/10/2013
            4,000,000
             

            Circumstances by reason of which change has occurredShares transferred.
            Nature of interestDeemed interest pursuant to S6A of the Companies Act, 1965
            Consideration (if any) 

            Total no of securities after change

            Direct (units)1,250,000 
            Direct (%)
            Indirect/deemed interest (units)29,939,931 
            Indirect/deemed interest (%)23.95 
            Date of notice23/10/2013

            Remarks :
            This announcement is made based on the form of notification dated 23 October 2013 received from Mr. Teoh Hock Chai @ Tew Hock Chai by ELKDESA on 24 October 2013.


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