October 10, 2013

Company announcements: MAYBANK, IGB, KULIM, KUCHAI, ZELAN, KLUANG, SBAGAN

MAYBANK - 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 NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced10 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMB-131010-60959

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 incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY
Name & address of registered holder1) EMPLOYEES PROVIDENT FUND BOARD
TINGKAT 19 BANGUNAN KWSP
JALAN RAJA LAUT
50350 KUALA LUMPUR

2) CITIGROUP NOMINEES (TEMPATAN) SDN BHD
LEVEL 42 MENARA CITIBANK
165 JALAN AMPANG
50450 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed07/10/2013
1,637,300
 

Circumstances by reason of which change has occurredSALE OF SHARES
Nature of interestDIRECT
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,056,700,339
Date of notice08/10/2013

Remarks :
1) The notice was received by Maybank Berhad on 10 October 2013.


IGB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameIGB CORPORATION BERHAD  
Stock Name IGB  
Date Announced10 Oct 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoIC-131010-3B020

Date of buy back10/10/2013
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)300,000
Minimum price paid for each share purchased ($$)2.640
Maximum price paid for each share purchased ($$)2.650
Total consideration paid ($$)796,821.21
Number of shares purchased retained in treasury (units)300,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)114,831,467
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)8.35


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

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIGB CORPORATION BERHAD  
Stock Name IGB  
Date Announced10 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIC-131010-A2154

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board (EPF)
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderEPF
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur

Citigroup Nominees (Tempatan) Sdn Bhd (Citigroup) - EPF
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Citigroup - EPF (NOMURA)
- Address as above

Citigroup - EPF (HDBS)
- Address as above

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed07/10/2013
186,700
 

Circumstances by reason of which change has occurredDisposal of shares by EPF's registered holder
Nature of interestDirect
Direct (units)84,332,751 
Direct (%)6.13 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change84,332,751
Date of notice08/10/2013

Remarks :
EPF's notice was received on 10/10/2013


IGB - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameIGB CORPORATION BERHAD  
Stock Name IGB  
Date Announced10 Oct 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoIC-131010-A215F

Date of buy back from30/09/2013
Date of buy back to09/10/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)2,528,000
Minimum price paid for each share purchased ($$)2.590
Maximum price paid for each share purchased ($$)2.660
Total amount paid for shares purchased ($$)6,649,384.03
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)2,528,000
Total number of shares retained in treasury (units)114,531,467
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies10/10/2013
Lodged by IGB Corporation Berhad


KULIM - 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 NameKULIM (MALAYSIA) BERHAD  
Stock Name KULIM  
Date Announced10 Oct 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoJC-131010-F55E2

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 RM0.25 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd

Level 42, Menara Citibank,
165 Jalan Ampang,
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired07/10/2013
127,000
 

Circumstances by reason of which change has occurredAcquisition of shares from open market
Nature of interestIndirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change66,098,500
Date of notice08/10/2013

Remarks :
The notice was received via courier on 10 October 2013.


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

Announcement Type: General Announcement
Company NameKUCHAI DEVELOPMENT BERHAD  
Stock Name KUCHAI  
Date Announced10 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131008-53893

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionPROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE")

KUCHAI DEVELOPMENT BERHAD
- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE")

The Company had at the Annual General Meeting ("AGM") of the Company held on 20 November 2012 obtained renewal of shareholders' mandate to enter into recurrent related party transactions of a revenue or trading nature with the related parties on the terms set out in the Circular to Shareholder dated 30 October 2012. This Mandate will expire at the conclusion of the forthcoming AGM of the Company.

The Board of Directors of the Company wishes to seek renewal of shareholders' mandate at the forthcoming AGM to be convened. The Circular to shareholders containing information on the Proposed Renewal of Shareholders' Mandate will be despatched to the shareholders in due course.



ZELAN - OTHERS DISPOSAL OF 3,185,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

Announcement Type: General Announcement
Company NameZELAN BERHAD  
Stock Name ZELAN  
Date Announced10 Oct 2013  
CategoryGeneral Announcement
Reference NoZZ-131010-35359

TypeAnnouncement
SubjectOTHERS
DescriptionDISPOSAL OF 3,185,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

ZELAN BERHAD (“ZB” or the “Company”)

 

DISPOSAL OF 3,185,000 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 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 9 October 2013 disposed of 3,185,000 ordinary shares of RM1.00 each in IJM Corporation Berhad (“IJM”) (the “Sale Shares”) via a Direct Business Transaction at an average disposal price of RM5.76 per share for a total consideration of RM18,289,363.20 (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 RM1,405,402,377.00.

 

2.2 Information on the Sale Shares

 

The Sale Shares comprise 3,185,000 ordinary shares of RM1.00 each representing approximately 0.2266% of the total issued and paid-up capital of IJM.

 

2.3 The cash consideration of RM18,289,363.20 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 9 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 RM5.1 million while at the Company level was approximately RM7.1 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 12.8%. On aggregate, the highest percentage ratio applicable to the transaction pursuant to paragraph 10.02 (g) of the MMLR is 67.1%.

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


This announcement

3,185,000

 

Subtotal

7,216,000


Grand Total

15,845,000

 

 

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 10 October 2013.

 

 

 



KLUANG - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Announcement Type: General Announcement
Company NameKLUANG RUBBER COMPANY (MALAYA) BERHAD  
Stock Name KLUANG  
Date Announced10 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131008-44310

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionIn accordance with Paragraph 9.36 of the Listing Requirements, the Board of Directors is pleased to announce the FFB for the month of September 2013 was 1,125.09 tonnes.

 



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

Announcement Type: General Announcement
Company NameKLUANG RUBBER COMPANY (MALAYA) BERHAD  
Stock Name KLUANG  
Date Announced10 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131008-7E0C4

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionPROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE")

KLUANG RUBBER COMPANY (MALAYA) BERHAD
- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE ("PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE")

The Company had at the Annual General Meeting ("AGM") of the Company held on 20 November 2012 obtained renewal of shareholders' mandate to enter into recurrent related party transactions of a revenue or trading nature with the related parties on the terms set out in the Circular to Shareholder dated 30 October 2012. This Mandate will expire at the conclusion of the forthcoming AGM of the Company.

The Board of Directors of the Company wishes to seek renewal of shareholders' mandate at the forthcoming AGM to be convened. The Circular to shareholders containing information on the Proposed Renewal of Shareholders' Mandate will be despatched to the shareholders in due course.



SBAGAN - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Announcement Type: General Announcement
Company NameSUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD  
Stock Name SBAGAN  
Date Announced10 Oct 2013  
CategoryGeneral Announcement
Reference NoCC-131008-43620

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionIn accordance with Paragraph 9.36 of the Listing Requirements, the Board of Directors is pleased to announce the FFB for the month of September 2013 was 1614.69 tonnes.

 



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