October 25, 2013

Company announcements: IGB, BURSA, PJDEV, UTDPLT, ZELAN, YNHPROP, INSAS, E&O, ECOFIRS, PANAMY

IGB - OTHERS ACQUISITION OF A NEW SUBSIDIARY COMPANY

Announcement Type: General Announcement
Company NameIGB CORPORATION BERHAD  
Stock Name IGB  
Date Announced25 Oct 2013  
CategoryGeneral Announcement
Reference NoIC-131024-04628

TypeAnnouncement
SubjectOTHERS
DescriptionACQUISITION OF A NEW SUBSIDIARY COMPANY

Pursuant to paragraph 9.19(23) of Bursa Malaysia Securities Berhad’s Main Market Listing Requirements, the Board of IGB is pleased to announce that Pacific Land Sdn Bhd (“PLSB”), a wholly-owned subsidiary of the Company, had on 25 October 2013 acquired the entire issued and paid-up share capital of Eastwind Alliance Sdn Bhd (“EASB”) comprising 2 ordinary shares of RM1.00 each fully paid at par, making it a wholly-owned subsidiary of PLSB. EASB was incorporated on 18 October 2013 and its intended principal activity is property investment.

None of the Directors or major shareholders of IGB or persons connected to them are related to the vendors.



BURSA - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBURSA MALAYSIA BERHAD  
Stock Name BURSA  
Date Announced25 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBM-131025-5B84E

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
Level 42, Menara Citibank
165, Jalan Ampang
50450 Kuala Lumpur

2. Employees Provident Fund (EPF) Board
Tingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired22/10/2013
217,700
 

Circumstances by reason of which change has occurredAcquired in open market
Nature of interestDirect
Direct (units)217,700 
Direct (%)0.04 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change37,610,794
Date of notice25/10/2013

Remarks :
37,610,794 ordinary shares of RM0.50 each represented 7.06% shareholding in Bursa Malaysia Berhad ("Bursa"):-

(a) 36,110,794 Bursa shares are held under nominees account with Citigroup Nominees (Tempatan) Sdn Bhd ("CNT") in Account No. 1; and

(b) 1,500,000 Bursa shares are held directly by EPF Board in Account No. 2.

This announcement is made based on Form 29B dated 23 October 2013 which was submitted by CNT to Bursa on 25 October 2013.


PJDEV - Changes in Director's Interest (S135) - Khor Chai Moi

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePJ DEVELOPMENT HOLDINGS BERHAD  
Stock Name PJDEV  
Date Announced25 Oct 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoPD-131024-73051

Information Compiled By KLSE

Particulars of Director

NameKhor Chai Moi
AddressNo. 21, Persiaran Basong
Damansara Heights
50490 Kuala Lumpur
Descriptions(Class & nominal value)Warrant C

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
23/10/2013
5,313,765
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Warrant C held by Dindings Consolidated Sdn. Bhd. pursuant to Section 6A(4) of the Companies Act, 1965.
Nature of interestDeemed Interest
Consideration (if any) 

Total no of securities after change

Direct (units)15,888,100 
Direct (%)7.43 
Indirect/deemed interest (units)52,392,410 
Indirect/deemed interest (%)24.5 
Date of notice25/10/2013


UTDPLT - Changes in Sub. S-hldr's Int. (29B) - MITSUBISHI UFJ FINANCIAL GROUP. INC (MUFG)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameUNITED PLANTATIONS BERHAD  
Stock Name UTDPLT  
Date Announced25 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoUP-131025-0C368

Particulars of substantial Securities Holder

NameMITSUBISHI UFJ FINANCIAL GROUP. INC (MUFG)
Address7-1, MARUNOUCHI 2-CHOME
CHIYODA-KU, TOKYO
100-8330, JAPAN
NRIC/Passport No/Company No.NA
Nationality/Country of incorporationJAPAN
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each fully paid
Name & address of registered holderAberdeen Asset Management PLC and its Subsidiaries ("Aberdeen")
10 Queen's Terrace, Aberdeen, AB10 1YG, Scotland

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired21/10/2013
3,700
 

Circumstances by reason of which change has occurredPurchase by Aberdeen Asset Management PLC and its subsidiaries. Deemed interested in the shares by virtue of MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp. holding more than 15% in Aberdeen Asset Management PLC ("Aberdeen"). The registered holders are subsidiaries of Aberdeen
Nature of interestIndirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)24,862,200 
Indirect/deemed interest (%)11.95 
Total no of securities after change24,862,200
Date of notice24/10/2013

Remarks :
Form 29B was received on the 25 October 2013.


ZELAN - OTHERS DISPOSAL OF 4,200,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

Announcement Type: General Announcement
Company NameZELAN BERHAD  
Stock Name ZELAN  
Date Announced25 Oct 2013  
CategoryGeneral Announcement
Reference NoZZ-131025-39447

TypeAnnouncement
SubjectOTHERS
DescriptionDISPOSAL OF 4,200,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

ZELAN BERHAD (“ZB” or the “Company”)

 

DISPOSAL OF 4,200,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

 

1.0 INTRODUCTION


The Shareholders of the Company, at the Extraordinary General Meeting held on 30 September 2013, had approved the proposed disposal of 56,671,000 ordinary shares in IJM Corporation Berhad ("IJM"). Pursuant to Paragraph 10.06(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("MMLR"), ZB wishes to announce that it had, on 24 October 2013 disposed of 4,200,000 ordinary shares of RM1.00 each in IJM, whereby the disposal of 3,800,000 ordinary shares were made via a Direct Business Transaction, while 400,000 ordinary shares via an open market (the "Sale Shares") at an average disposal price of RM5.79 per share for a total consideration of RM24,275,954.20 (the "Disposal").

 

2.0 DETAILS OF THE DISPOSAL

2.1 Information on IJM

 

IJM, a public listed company listed on the Main Board of Bursa Malaysia is principally involved in the construction, property development, manufacturing and quarrying, infrastructure concessions and plantations. IJM has an authorised capital of RM3,000,000,000.00 and a paid-up capital of RM1,408,058,377.00.

 

2.2 Information on the Sale Shares

 

The Sale Shares comprise of 4,200,000 ordinary shares of RM1.00 each representing approximately 0.2983% of the total issued and paid-up capital of IJM.

 

2.3 The cash consideration of RM24,275,954.20 for the Sale Shares was derived on “willing buyer-willing seller” basis.

 

2.4 There are no liabilities to be assumed by the purchaser arising from the Disposal.

 

3.0 RATIONALE OF THE DISPOSAL

 

The rationale of the disposal is to realise funds from the sales proceeds to pay bank borrowings and the derivative financial liability incidental to the repayment of the bank borrowings.

 

4.0 ORIGINAL COST OF INVESTMENT AND UTILISATION OF PROCEEDS

 

The original cost of investment of the Sale Shares was approximately RM4.14 per share at Group level and RM3.50 per share at Company level. As at 30 September 2013, the book value of the Sale Shares was approximately RM5.78 per share at Group level.

 

The sale proceeds will be utilised to pay bank borrowings and the derivative financial liability incidental to the repayment of the bank borrowings.

 

5.0 COMPLETION DATE

 

The Disposal was completed on 24 October 2013.

 

6.0 FINANCIAL EFFECTS

 

The Disposal will not have any material financial implication and effect to the net assets per share and has no effect on the share capital and substantial shareholders’ shareholding of the Company. The proceeds will be primarily used to pay bank borrowings and thus would improve the Company’s gearing position. The gain on the Disposal at Group level was approximately RM6.9 million while at the Company level was approximately RM9.6 million and this would contribute positively to the Company's earnings per share.


7.0 APPROVALS REQUIRED

 

The approval to dispose the Sale Shares was obtained as part of the shareholders' mandate for the disposal up to 56,671,000 ordinary shares of RM1.00 each in IJM, which was approved on 30 September 2013.

 

8.0 DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS

 

None of the Directors and/or Substantial Shareholders of the Company or persons connected to them has any interest, direct or indirect, in the Disposal.

 

9.0 PERCENTAGE RATIO

The highest percentage ratio applicable to the transaction pursuant to paragraph 10.02 (g) of the MMLR is 17.0%. On aggregate, the highest percentage ratio applicable to the transaction pursuant to paragraph 10.02 (g) of the MMLR is 158.7%.


The summary of the disposals of IJM shares, was as follows:

Date of announcement

No. of IJM shares

Remarks

25 June 2013

2,800,000

-

25 June 2013

800,400

-

1 July 2013

3,692,000

-

16 July 2013

1,336,600

-

Subtotal

8,629,000

Disposals did not require shareholders' approval

8 October 2013

4,031,000


10 October 2013

3,185,000

 

11 October 2013

3,680,000

 

14 October 2013

2,608,000

 

18 October 2013

4,080,000

 

23 October 2013

7,987,000

 

This announcement

4,200,000

 

Subtotal

29,771,000


Grand Total

38,400,000

 

 

10.0 STATEMENT BY BOARD OF DIRECTORS

The Board of Directors of ZB, after due consideration of all aspects of the Disposal, are of the opinion that the Disposal is in the best interest of ZB.

 

This announcement is dated 25 October 2013.



YNHPROP - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameYNH PROPERTY BERHAD  
Stock Name YNHPROP  
Date Announced25 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131025-31484

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionYNH PROPERTY BHD. ("YNH" or "the Company")
- Intention to deal during closed period

The Company wishes to inform Bursa Malaysia Securities Berhad (Bursa Securities) that pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Securities, the following Directors had given notices informing the Company of their intention to deal in YNH's shares during the closed period. The details are as follows:

Name of Directors

No. of Shares Held in the Company

Direct

%

Deemed

%

Dato' Yu Kuan Huat

50,961,277

12.10

87,633,340

20.80

Dato' Dr Yu Kuan Chon

72,441,135

17.20

66,288,029

15.74

Ding Ming Hea

773,247

0.18

-

-

Ching Nye Mi @ Chieng Ngie Chay

2,655,673

0.63

24

0.00



This announcement is dated 25 October 2013.


INSAS - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameINSAS BERHAD  
Stock Name INSAS  
Date Announced25 Oct 2013  
CategoryGeneral Announcement
Reference NoII-131022-56715

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionINSAS BERHAD (“INSAS” or “the Company”)
- INTENTION TO DEAL DURING CLOSED PERIOD PURSUANT TO PARAGRAPH 14.08 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Insas Berhad (“Insas” or “the Company”) wishes to inform that the Company has received a notification from Dato’ Thong Kok Khee (“Dato’ Thong”), a Director of the Company, of his intention to deal in the securities of the Company during the Closed Period pending the announcement of the Company’s 1st quarterly results for the period ended 30 September 2013.

 

 

 

Dato’ Thong has confirmed that his current shareholdings in Insas as at 24 October 2013 are as follows: -

 

 

                

Description of securities

 
 

Holdings of Securities

 
 

Direct

 
 

%

 
 

Indirect

 
 

%

 
 

Ordinary shares of RM1.00 each

 
 

2,384,678

 
 

0.34

 
 

160,210,284*

 
 

23.11*

 
 

 

 

* Deemed interested by virtue of his spouse’s interest in the Company and his substantial interest in  M & A Investments International Ltd, Immobillaire Holdings Sdn Bhd and Baktihan Sdn Bhd pursuant to Section 134 and Section 6A of the Companies Act, 1965.

This announcement is dated 25 October 2013.

 


E&O - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameEASTERN & ORIENTAL BERHAD  
Stock Name E&O    
Date Announced25 Oct 2013  
CategoryGeneral Announcement
Reference NoE&-131025-56299

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionWe wish to inform that Datuk Azizan Bin Abd Rahman, the Chairman of Eastern & Oriental Berhad ("E&O"), has given notice of his intention to deal in the securities of E&O during the closed period prior to the targeted date of announcement of E&O's unaudited results for the second quarter ended 30 September 2013.

Currently, he holds 7,300,000 ordinary stock units of RM1.00 each (Direct) representing 0.66% of the issued and paid-up share capital in E&O.

 



ECOFIRS - Quarterly rpt on consolidated results for the financial period ended 31/8/2013

Announcement Type: Financial Results
Company NameECOFIRST CONSOLIDATED BHD  
Stock Name ECOFIRS  
Date Announced25 Oct 2013  
CategoryFinancial Results
Reference NoCC-131024-59011

Financial Year End31/05/2014
Quarter1
Quarterly report for the financial period ended31/08/2013
The figureshave not been audited
  • 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
7,928
27,147
7,928
27,147
2Profit/(loss) before tax
21,344
6,964
21,344
6,964
3Profit/(loss) for the period
21,073
5,182
21,073
5,182
4Profit/(loss) attributable to ordinary equity holders of the parent
21,088
5,224
21,088
5,224
5Basic earnings/(loss) per share (Subunit)
3.24
0.80
3.24
0.80
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


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 ($$)
0.2636
0.2311
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


PANAMY - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group,Inc ("MUFG")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePANASONIC MANUFACTURING MALAYSIA BERHAD  
Stock Name PANAMY  
Date Announced25 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-131025-464F6

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group,Inc ("MUFG")
Address7-1, Marunouchi 2-Chome,
Chiyoda-ku, Tokyo
100-8330, Japan
NRIC/Passport No/Company No.Nil
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderAberdeen Asset Management PLC ("Aberdeen") and its subsidiaries
10 Queen's Terrace Aberdeen,
AB10 1YG, Scotland

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired21/10/2013
1,100
 

Circumstances by reason of which change has occurredAcquisition by Aberdeen.

MUFG is deemed interested in the shares by virtue of MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen.
Nature of interestIndirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)6,158,500 
Indirect/deemed interest (%)10.14 
Total no of securities after change6,158,500
Date of notice24/10/2013

Remarks :
This form 29B was received by the Company on 25 October 2013


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