MEXTER - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | MEXTER TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | MEXTER |
| Date Announced | 11 Oct 2013 |
| Category | General Announcement |
| Reference No | CA-131007-720F7 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MEXTER TECHNOLOGY BERHAD (“MEXTER” OR “COMPANY”) • ACQUISITION OF A PROPERTY BY MEXTER (M) SDN. BHD. (“MMSB”), A WHOLLY-OWNED SUBSIDIARY OF MEXTER (THE “ACQUISITION”) AT A TOTAL CONSIDERATION OF RM900,000.00 |
Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcement dated October 7, 2013 in relation to the Acquisition.
Further to the announcement made on October 7, 2013, the Board of Directors of MEXTER wishes to inform/clarify the following:-
1. Age of the Property
The age of the Property is approximately 6 years.
2. Liabilities to be assumed
There are no liabilities including contingent liabilities and guarantees to be assumed by MEXTER arising from the Acquisition except for the borrowing to finance the Acquisition of the Property.
3. Settlement for the Purchase Price - the interest rate imposed and the period of payment in relation to the Completion Period
The interest rate imposed is 8% and chargeable from the expiry of the Completion Period to the date of actual full payment of the Balance Purchase Price or such part thereof as may be outstanding.
4. Prospect of the Property
Solaris Mont Kiara is a commercial shop cum office development nestled in the posh Mont Kiara area. It is designed as a self-contained urban centre where one can live, work and play. It neighbours Kiaraville, Tiffani Kiara, La Grande Kiara and The Residence. From the developer price of approximately RM420 per square feet, the commercial units in Solaris Mont’ Kiara have now appreciated at around 1.7 times of the original rate.
In terms of accessibility, Solaris Mont Kiara is easily reachable via several major highways and prime roads. It is reachable from DUKE Highway, SPRINT Highway, Penchala Link and Jalan Duta.
In view of the above, Solaris Mont Kiara is full of potential to become the commercial hub of Mont Kiara. Even though its price is currently hovering around RM700 psf, which is slightly below to those in the KL city centre, Mid Valley City and Bangsar, there is still potential for it to hike further.
(Source: http://www.propwall.my/mont_kiara/solaris_mont_kiara and http://www.starproperty.my )
Notwithstanding the above, as the Property is intended for MEXTER Group’s own use as its corporate office, the Company does not anticipate any long term earning prospect in respect of the Acquisition. Nevertheless, the Company expects the value of the Property to be enhanced in line with the appreciation in the property values in and around Mont Kiara and Kuala Lumpur.
This announcement is dated October 11, 2013.
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IDEAL - Circular to Shareholders in relation to the Proposed Change of Company Auditors
| Company Name | IDEAL SUN CITY HOLDINGS BERHAD (ACE Market) |
| Stock Name | IDEAL |
| Date Announced | 11 Oct 2013 |
| Category | PDF Submission |
| Reference No | CP-131011-37122 |
| Regularisation Sponsor | M&A Securities Sdn Bhd |
| Subject | Circular to Shareholders in relation to the Proposed Change of Company Auditors |
REXIT - Notice of Shares Buy Back by a Company pursuant to Form 28A
| Company Name | REXIT BERHAD (ACE Market) |
| Stock Name | REXIT |
| Date Announced | 11 Oct 2013 |
| Category | Notice of Shares Buy Back by a Company Pursuant to Form 28A |
| Reference No | CC-131011-24102 |
ETITECH - MATERIAL LITIGATION
| Company Name | ETI TECH CORPORATION BERHAD |
| Stock Name | ETITECH |
| Date Announced | 11 Oct 2013 |
| Category | General Announcement |
| Reference No | CC-131011-66F86 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | ETI TECH CORPORATION BERHAD (“Etitech” or “the Company”) Writ of Summons and Statement of Claims filed by Hong Leong Bank Berhad (“HLB” or “the Plaintiff”) VS ETI Tech (M) Sdn Bhd (1st Defendant) and the Company (2nd Defendant) |
Further to the announcement dated 06 June 2013, the Board of ETITECH wishes to inform that the hearing was postponed to 30 October 2013. This announcement is dated 11 October 2013. | |
AMBANK - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | AMMB HOLDINGS BERHAD |
| Stock Name | AMBANK |
| Date Announced | 11 Oct 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | AH-131011-89433 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur 1. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board [Disposal of 2,885,100 shares] 2. Employees Provident Fund Board 3. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (AMUNDI) 4. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (MAYBAN) 5. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) [Acquisition of 610,000 shares] 6. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) 7. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ARIM) 8. Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (TEMPLETON) |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 08/10/2013 | 2,885,100 | |
| Acquired | 08/10/2013 | 610,000 |
| Remarks : |
| This notice was received on 11 October 2013. |
MAYBANK - Additional Listing Announcement
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 11 Oct 2013 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | MB-131011-57157 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | ESOS |
| No. of shares issued under this corporate proposal | 120,600 |
| Issue price per share ($$) | MYR 8.750 |
| Par Value ($$) | MYR 1.000 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 8,726,681,183 |
| Currency | MYR 8,726,681,183.000 |
| Listing Date | 16/10/2013 |
2. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | ESOS |
| No. of shares issued under this corporate proposal | 8,900 |
| Issue price per share ($$) | MYR 8.820 |
| Par Value ($$) | MYR 1.000 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 8,726,690,083 |
| Currency | MYR 8,726,690,083.000 |
| Listing Date | 16/10/2013 |
3. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | ESOS |
| No. of shares issued under this corporate proposal | 3,500 |
| Issue price per share ($$) | MYR 9.590 |
| Par Value ($$) | MYR 1.000 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 8,726,693,583 |
| Currency | MYR 8,726,693,583.000 |
| Listing Date | 16/10/2013 |
MAYBANK - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 11 Oct 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | MB-131011-56591 |
Particulars of substantial Securities Holder
| Name | EMPLOYEES PROVIDENT FUND BOARD |
| Address | TINGKAT 19 BANGUNAN KWSP JALAN RAJA LAUT 50350 KUALA LUMPUR |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | MALAYSIAN |
| Descriptions (Class & nominal value) | ORDINARY |
| Name & address of registered holder | 1) 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 transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 08/10/2013 | 3,754,300 |
| Remarks : |
| 1) The notice was received by Maybank Berhad on 11 October 2013. |
BURSA - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | BURSA MALAYSIA BERHAD |
| Stock Name | BURSA |
| Date Announced | 11 Oct 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | BM-131011-82EE3 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | 1. 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 transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 08/10/2013 | 500,000 |
| Remarks : |
| 40,020,694 ordinary shares of RM0.50 each represented 7.51% shareholding in Bursa Malaysia Berhad ("Bursa"):- (a) 38,520,694 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 9 October 2013 which was submitted by CNT to Bursa on 11 October 2013. |
KRETAM - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
| Company Name | KRETAM HOLDINGS BERHAD |
| Stock Name | KRETAM |
| Date Announced | 11 Oct 2013 |
| Category | General Announcement |
| Reference No | KH-131011-0E31F |
| Type | Announcement | ||||||
| Subject | MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) | ||||||
| Description | September 2013 Production Figures | ||||||
September 2013 Production Figures of Kretam Holdings Berhad Group:-
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ZELAN - OTHERS DISPOSAL OF 3,680,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD
| Company Name | ZELAN BERHAD |
| Stock Name | ZELAN |
| Date Announced | 11 Oct 2013 |
| Category | General Announcement |
| Reference No | ZZ-131011-45572 |
| Type | Announcement | |||||||||||||||||||||||||||||||||
| Subject | OTHERS | |||||||||||||||||||||||||||||||||
| Description | DISPOSAL OF 3,680,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD | |||||||||||||||||||||||||||||||||
ZELAN BERHAD (“ZB” or the “Company”)
DISPOSAL OF 3,680,000 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 10 October 2013 disposed of 3,680,000 ordinary shares of RM1.00 each in IJM (the "Sale Shares") via a Direct Business Transaction at an average disposal price of RM5.77 per share for a total consideration of RM21,168,699.20 (the "Disposal"). 2.0 DETAILS OF THE DISPOSAL
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 3,680,000 ordinary shares of RM1.00 each representing approximately 0.2618% of the total issued and paid-up capital of IJM. 2.3 The cash consideration of RM21,168,699.20 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 10 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 RM5.9 million while at the Company level was approximately RM8.3 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 summary of the disposals of IJM shares, was as follows:
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 11 October 2013. | ||||||||||||||||||||||||||||||||||
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