October 28, 2013

Company announcements: HARNLEN, SAPIND, MULPHAL, FFHB, RPB, FRB, TSH, BONIA

HARNLEN - Changes in Sub. S-hldr's Int. (29B) - LOW NAM HUI UNITED HOLDINGS SDN BHD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHARN LEN CORPORATION BHD  
Stock Name HARNLEN  
Date Announced28 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCJ-131025-E8FB8

Particulars of substantial Securities Holder

NameLOW NAM HUI UNITED HOLDINGS SDN BHD
Address6TH FLOOR, JOHOR TOWER, NO.15 JALAN GEREJA, 80100 JOHOR BAHRU
NRIC/Passport No/Company No.839293-T
Nationality/Country of incorporationINCORPORATED IN MALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holderLOW NAM HUI UNITED HOLDINGS SDN BHD
6th Floor, Johor Tower, No. 15 Jalan Gereja, 80100 Johor Bahru

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed24/10/2013
22,000
1.120 
Disposed24/10/2013
50,000
1.110 

Circumstances by reason of which change has occurred1. Disposal of 22,000 ordinary share of RM1.00 each in Harn Len Corporation Bhd by Low Nam Hui United Holdings Sdn Bhd (839293-T) through open market.
2. Disposal of 50,000 ordinary share of RM1.00 each in Harn Len Corporation Bhd by Low Nam Hui United Holdings Sdn Bhd (839293-T) to Puan Sri Datin Chan Pui Leorn via direct deal.
Nature of interestDirect
Direct (units)45,824,679 
Direct (%)24.71 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change45,824,679
Date of notice28/10/2013


HARNLEN - Changes in Sub. S-hldr's Int. (29B) - LOW KUECK SHIN

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHARN LEN CORPORATION BHD  
Stock Name HARNLEN  
Date Announced28 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCJ-131025-628B7

Particulars of substantial Securities Holder

NameLOW KUECK SHIN
AddressNO. 93, JALAN DATO' SULAIMAN, TAMAN CENTURY, 80250 JOHOR BAHRU
NRIC/Passport No/Company No.560708-01-5669
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holder1. LOW QUEK KIONG
No. 6, Jalan Jerau, Taman Pelangi, 80400 Johor Bahru
2. LOW NAM HUI UNITED HOLDINGS SDN BHD
6th Floor, Johor Tower, No. 15 Jalan Gereja, 80100 Johor Bahru
3. PUAN SRI DATIN CHAN PUI LEORN
No. 2, Jalan Chantum, Taman Kolam Air, 80200 Johor Bahru
4. SERI CEMERLANG PLANTATION (PAHANG) SDN BHD
6th Floor, Johor Tower, No. 15 Jalan Gereja, 80100 Johor Bahru

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others24/10/2013
10,000
1.138 
Others24/10/2013
22,000
1.120 
Others24/10/2013
50,000
1.110 
Others24/10/2013
50,000
1.110 
Others24/10/2013
500,000
1.120 

Description of other type of transaction1. Acquisition of shares in Harn Len Corporation Bhd by Low Quek Kiong of which Low Kueck Shin is deemed interested.
2. Disposal of shares in Harn Len Corporation Bhd by Low Nam Hui United Holdings Sdn Bhd (839293-T) of which Low Kueck Shin is deemed interested.
3. Disposal of shares in Harn Len Corporation Bhd by Low Nam Hui United Holdings Sdn Bhd (839293-T) to Puan Sri Datin Chan Pui Leorn via direct deal of which Low Kueck Shin is deemed interested.
4. Acquisition of shares in Harn Len Corporation Bhd by Puan Sri Datin Chan Pui Leorn from Low Nam Hui United Holdings Sdn Bhd (839293-T) via direct deal of which Low Kueck Shin is deemed interested.
5. Acquisition of shares in Harn Len Corporation Bhd by Seri Cemerlang Plantation (Pahang) Sdn Bhd (452166-U) from Lee Chon Sing via direct deal of which Low Kueck Shin is deemed interested.
Circumstances by reason of which change has occurred1. Acquisition of 10,000 ordinary shares of RM1.00 each in Harn Len Corporation Bhd by Low Quek Kiong through open market.
2. Disposal of 22,000 ordinary shares of RM1.00 each in Harn Len Corporation Bhd by Low Nam Hui United Holdings Sdn Bhd (839293-T) through open market.
3. Disposal of 50,000 ordinary shares of RM1.00 each in Harn Len Corporation Bhd by Low Nam Hui United Holdings Sdn Bhd (839293-T) to Puan Sri Datin Chan Pui Leorn via direct deal.
4. Acquisition of 50,000 ordinary shares of RM1.00 each in Harn Len Corporation Bhd by Puan Sri Datin Chan Pui Leorn from Low Nam Hui United Holdings Sdn Bhd (839293-T) via direct deal.
5. Acquisition of 500,000 ordinary shares of RM1.00 each in Harn Len Corporation Bhd by Seri Cemerlang Plantation (Pahang) Sdn Bhd (452166-U) from Lee Chon Sing via direct deal.
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)125,357,208 
Indirect/deemed interest (%)67.59 
Total no of securities after change125,357,208
Date of notice28/10/2013

Remarks :
125,357,208 - Deemed Interest:
Deemed interested in the shares held by Low Nam Hui United Holdings Sdn Bhd, Low Nam Hui & Sons Sdn Bhd, LNH Enterprise Sdn Bhd, Seri Cemerlang Plantation (Pahang) Sdn Bhd, Yong Yaow Properties Sdn Bhd and Shande Ancestral Park Berhad and the shares held by his immediate family members Tan Sri Dato’ Low Nam Hui, Puan Sri Datin Chan Pui Leorn, Low Quek Kiong, Low Kok Yong and Low Siew Eng pursuant to Section 6A of the Companies Act, 1965.


SAPIND - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameSAPURA INDUSTRIAL BERHAD  
Stock Name SAPIND  
Date Announced28 Oct 2013  
CategoryGeneral Announcement
Reference NoSI-131028-40238

TypeAnnouncement
SubjectMATERIAL LITIGATION
Description1.SIAC Arbitration No.: 030 of 2007
In the Matter of an Arbitration under UNCITRAL Arbitration Rules
Schulz Export GmbH v Sapura-Schulz Hydroforming Sdn Bhd

2.SIAC Arbitration No.: 037 of 2007
In the matter of an Arbitration under UNCITRAL Arbitration Rules
Sophisticated Pipe Industry Production Sdn Bhd v Sapura Industrial Berhad

Further to the previous announcements dated 22 October 2012 and 1 October 2013, Sapura Industrial Berhad (“SIB”) wishes to announce that on 24 October 2013 an appeal was lodged under case no. CA 135/2013 in the Court of Appeal of the Republic of Singapore by Schulz Export GmbH, Wilhelm Schulz GmbH and Wolfgang Leonhard Schulz against the Singapore High Court decision dated 30 September 2013 ordering that the issue on receivables payable by Schulz Export GmbH to Sapura Schulz Hydroforming Sdn Bhd (“SSHSB”) in the amount of RM5,838,956 be remitted back to the Singapore International Arbitration Centre for determination by a new tribunal.

SIB and SSHSB are seeking legal advice to oppose the appeal.



MULPHAL - OTHERS MULPHA LAND BERHAD ("MLB") - Acceptance of Credit Facilities of RM175.27 million granted by United Overseas Bank (Malaysia) Bhd

Announcement Type: General Announcement
Company NameMULPHA LAND BERHAD  
Stock Name MULPHAL  
Date Announced28 Oct 2013  
CategoryGeneral Announcement
Reference NoML-130918-6A809

TypeAnnouncement
SubjectOTHERS
DescriptionMULPHA LAND BERHAD ("MLB")
- Acceptance of Credit Facilities of RM175.27 million granted by United Overseas Bank (Malaysia) Bhd

Pursuant to Part C of Chapter 9, Paragraph 9.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that Mayfair Ventures Sdn Bhd ("MVSB"), a wholly-owned subsidiary of MLB has secured Credit Facilities of RM175.27 million from United Overseas Bank (Malaysia) Bhd to part finance the acquisition and development costs of 2 adjacent parcels of land held under PN 30649, Lot 212 and PN 30650, Lot 213 Mukim Bandar Damansara, Daerah Petaling, Selangor which is situated at Persiaran Tropicana, fronting the Tropicana Golf & Country Club.

MVSB has an authorised and paid-up share capital of RM5,000,000/- and RM1,000,000/- respectively. The intended principal activity of MVSB is property development.

This announcement is dated 28 October 2013.



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

Announcement Type: General Announcement
Company NameFEDERAL FURNITURE HOLDINGS (M) BERHAD  
Stock Name FFHB  
Date Announced28 Oct 2013  
CategoryGeneral Announcement
Reference NoFF-131028-59005

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionFederal Furniture Industries Sdn Bhd (“FFI”), a wholly-owned subsidiary of the Company has entered into five (5) Sale & Purchase Agreements and Deed of Assignments on 28 October 2013 to acquire 5 units of vacant freehold office space ("the Properties") from Kong Soon Sdn Bhd (“the Vendor”) for a total cash consideration of RM3,972,600.00. The Properties held under Master Title Mukim 1138 Lot 75528 Pekan Puchung Jaya, Tempat Pekan Puchong Jaya, District of Petaling, Negeri Selangor, comprising 4 commercial lots (Shop 5,6,7 and 8) and one Tadika have an aggregate area of 8,804 sq ft. The consideration was arrived at on a willing buyer and willing seller basis and taking in account a valuation done by FFI’s valuer Raine & Horne International Zaki + Partners Sdn Bhd on 3 September 2013 of RM3,970,000.00. The basis of the valuation is market value which is defined as the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion and with separate strata titles to be issued conveying freehold interests free of all encumbrances and with vacant possession. The purchase consideration will be financed by internally generated fund. The purchase is not expected to have any material impact on the earnings per share, net assets per share or share capital of the Company. The Vendor is a company incorporated in Malaysia under the Companies Act 1965 with a paid-up capital of RM150,000.00 and the directors are Md Noordin bin Daud and Nik Hassan bin Nik Mohd Admin. The Vendor originally purchased on 24 September 2008 for RM1,496,791.00 and intimated that more than RM500,000.00 had been spent on renovations subsequently. The purchase is not subject to the approval of shareholders or relevant government authorities. None of the directors or major shareholders or persons connected to them have any interest, direct or indirect, in the transaction. The rationale for the purchase is to provide permanent office space for the continuing expansion of FFI’s business operations and will save on rent of approximately RM180,000.00 per annum had FFI rented the premises.
The salient terms of the Sale & Purchase Agreements and Deed of Assignments ("the Agreements") include :
1. Purchase of the Properties free of all encumbrances and with vacant possession but subject to all conditions of title expressed or implied affecting the Properties when issued and on an as is where is basis
2. Payment of RM397,260.00 being 10% deposit upon execution of the Agreements and the balance of purchase price of RM3,575,340.00 on or before the expiry of three months from the date of the Agreements with an automatic extension of 30 days granted to FFI,
3. Late payment interest of 8% per annum calculated on a day to day basis from the date immediately after the expiration of the Completion Date until the date of actual payment of the Balance of the Purchase Price in the event of any late payment
4. If FFI fails to complete the purchase the vendor shall be entitled to the remedy of specific performance or to terminate the Agreements whereupon the deposit paid by FFI will be forfeited
5. Vendor shall within one (1) month from the date of FFI’s Solicitor receipt of the Developer’s Confirmation settle all outstanding payments as required to be settled by the Vendor

The Agreements and the valuation report are available for inspection at Level P1, Menara Choy Fook On, No 1B Jalan Yong Shook Lin, 46050 Petaling Jaya, Selangor during the Company's business hours. Terms of the transactions were agreed on 24 October 2013. The Board is of the opinion that the acquisition of the Properties is in the best interest of the Company as it saves on rent and has the potential for capital appreciation in future. The Properties are subject to risks normally associated with property investments such as fluctuation in value in the event of any property market downturn. The transaction is expected to be completed within 3 months. The highest percentage ratio applicable to the transaction pursuant to paragraph 10.02(g) is 14.7%.



RPB - Changes in Director's Interest (S135) - Tan Sin Chong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameRELIANCE PACIFIC BERHAD  
Stock Name RPB  
Date Announced28 Oct 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoRP-131024-38954

Information Compiled By KLSE

Particulars of Director

NameTan Sin Chong
AddressUnit 12.01, Fraser West Tower, Gasing Heights Condominium,
92 Jalan 5/60, 46000 Petaling Jaya, Selangor
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
23/10/2013
-265,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestIndirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)215,400 
Direct (%)0.03 
Indirect/deemed interest (units)8,589,300 
Indirect/deemed interest (%)
Date of notice28/10/2013


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

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced28 Oct 2013  
CategoryGeneral Announcement
Reference NoFR-131028-60850

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionSUBSCRIPTION OF RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF 2,000,000 RIGHTS SHARES ON THE BASIS OF FOUR (4) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING SHARES HELD IN YAKIMBI SDN BHD

The Board of Directors (“the Board”) of Formis Resources Berhad (“FRB” and/or “the Company”) wishes to announce that Continuous Network Advisers Sdn Bhd (“CNA”), a wholly-owned subsidiary of FRB, has on 28 October 2013 subscribed to its entitlement of 800,000 ordinary shares of RM1.00 each (“Shares”) and an additional 1,200,000 Shares renounced by the other shareholders of Yakimbi Sdn Bhd (“Yakimbi”), a 40% owned associated company of CNA, in Yakimbi, pursuant to the renounceable two-call rights issue of 2,000,000 new ordinary shares of RM1.00 each (“Rights Shares”), on the basis of four (4) Rights Shares for every five (5) existing Shares held on 21 October 2013, at an issue price of RM1.00 per Rights Share, payable in two (2) calls, of which the first call at RM0.50 per Rights Share will be payable in cash on application and the second call of RM0.50 per Rights Share will be capitalised from Yakimbi’s share premium reserve upon allotment (“Two-Call Rights Issue”) [“Subscription of Two-Call Rights Issue in Yakimbi”]. The total cash consideration for the Subscription of Two-Call Rights Issue in Yakimbi is RM1,000,000.00 and was funded by internally generated funds.

Upon completion of the Subscription of Two-Call Rights Issue in Yakimbi, CNA will hold an aggregate of 66.67% equity interest in Yakimbi, making Yakimbi a subsidiary company of FRB.

Further details of the Subscription of Two-Call Rights Issue in Yakimbi are set out in the attachment.

This announcement is dated 28 October 2013.



TSH - OTHERS TSH RESOURCES BERHAD ("TSH" or "the Company") Striking-off of Eko Paper Sdn. Bhd.

Announcement Type: General Announcement
Company NameTSH RESOURCES BERHAD  
Stock Name TSH  
Date Announced28 Oct 2013  
CategoryGeneral Announcement
Reference NoTR-131022-37624

TypeAnnouncement
SubjectOTHERS
DescriptionTSH RESOURCES BERHAD ("TSH" or "the Company")
Striking-off of Eko Paper Sdn. Bhd.

Further to the Company's announcement dated 31 December 2012 in relation to the application to the Companies Commission of Malaysia ("CCM") for the striking off Eko Paper Sdn. Bhd. ("EPSB"), an indirect subsidiary of TSH pursuant to Section 308 of the Companies Act, 1965, the Board of Directors of TSH wishes to announce that EPSB had been struck off and deemed dissolved following the publication of the notice of striking off pursuant to Section 308(4) of the Companies Act, 1965 in the Gazette on 17 May 2013.

The notice of striking off pursuant to Section 308(4) of the Companies Act, 1965 issued by CCM on 23 September 2013 was received by EPSB on 28 October 2013.

This announcement is dated 28 October 2013.



BONIA - Final Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced28 Oct 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoBC-131018-32046

EX-date22/11/2013
Entitlement date26/11/2013
Entitlement time04:00:00 PM
Entitlement subjectFinal Dividend
Entitlement descriptionFinal Dividend of 10% under single tier system for the financial year ended 30 June 2013
Period of interest payment to
Financial Year End30/06/2013
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noBINA MANAGEMENT (M) SDN BHD
Lot 10 The Highway Centre
Jalan 51/205
46050 Petaling Jaya
Selangor Darul Ehsan
Tel: 603-77843922
Payment date 06/12/2013
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers26/11/2013 
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) 
Entitlement indicatorPercentage
Entitlement in percentage (%)10


BONIA - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced28 Oct 2013  
CategoryGeneral Meetings
Reference NoBC-131018-32598

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionNotice of Twenty-Second Annual General Meeting
Date of Meeting21/11/2013
Time11:30 AM
VenuePerdana Ballroom
Bukit Jalil Golf & Country Resort
Jalan Jalil Perkasa 3
57000 Bukit Jalil
Kuala Lumpur
Wilayah Persekutuan
Date of General Meeting Record of Depositors15/11/2013

Attachments

Bonia AGM Notice - 291013.pdf
165 KB



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