October 8, 2013

Company announcements: TANCO, OLYMPIA, HAPSENG, YNHPROP, DBHD, ECOFIRS, LAFMSIA, SIME

TANCO - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameTANCO HOLDINGS BERHAD  
Stock Name TANCO  
Date Announced8 Oct 2013  
CategoryGeneral Announcement
Reference NoTH-131004-54480

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionTANCO HOLDINGS BERHAD ("THE COMPANY")
QUARTERLY DISCLOSURE PURSUANT TO PARAGRAPH 8.23(2)(e) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

We wish to furnish herewith the quarterly disclosure pursuant to Paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad for BizCredit Sdn Bhd, a wholly-owned subsidiary of the Company for the Quarter ended 30 September 2013.

This announcement is dated 8th day of October, 2013.



OLYMPIA - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameOLYMPIA INDUSTRIES BERHAD  
Stock Name OLYMPIA  
Date Announced8 Oct 2013  
CategoryGeneral Announcement
Reference NoOI-131007-35619

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionQuarterly Disclosures pursuant to Paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad.

Pursuant to Paragraph 8.23(2)(e) of the Listing Requirements of Bursa Malaysia Securities Berhad, we attach herewith the quarterly disclosures as at 30 September 2013 in respect of Jupiter Capital Sdn Bhd, a money-lending subsidiary of Olympia Industries Berhad.



HAPSENG - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHAP SENG CONSOLIDATED BERHAD  
Stock Name HAPSENG  
Date Announced8 Oct 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoHS-131008-60AD7

Date of buy back08/10/2013
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)123,000
Minimum price paid for each share purchased ($$)2.330
Maximum price paid for each share purchased ($$)2.340
Total consideration paid ($$)288,207.64
Number of shares purchased retained in treasury (units)123,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)194,977,300
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 (%)8.92

Remarks :
cc: Securities Comission


HAPSENG - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameHAP SENG CONSOLIDATED BERHAD  
Stock Name HAPSENG  
Date Announced8 Oct 2013  
CategoryGeneral Announcement
Reference NoHS-131008-5D8AA

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionDisclosure pursuant to paragraph 8.23(2)(e) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad - Third quarter ended 30 September 2013
Pursuant to paragraph 8.23(2)(e) and Appendix 8D of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad, the Company is pleased to announce the above-mentioned quarterly disclosure on the provision of financial assistance in respect of the moneylending operations undertaken by the Company's wholly-owned subsidiaries, Hap Seng Credit Sdn Bhd and Hap Seng Automotive Acceptance Sdn Bhd in the attachment below.


YNHPROP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameYNH PROPERTY BERHAD  
Stock Name YNHPROP  
Date Announced8 Oct 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-131008-62018

Date of buy back08/10/2013
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)82,000
Minimum price paid for each share purchased ($$)1.810
Maximum price paid for each share purchased ($$)1.810
Total consideration paid ($$)148,420.00
Number of shares purchased retained in treasury (units)82,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)4,632,978
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 (%)1.09

Remarks :
This announcement is dated 8 October 2013.


DBHD - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameDAMANSARA REALTY BHD  
Stock Name DBHD  
Date Announced8 Oct 2013  
CategoryGeneral Announcement
Reference NoJC-131008-79C2F

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionDAMANSARA REALTY BERHAD – (“DBhd” or “The Company”) :
KUALA LUMPUR HIGH COURT - SUMMONS NO : S3(S1)-21-90-2001
KUALA LUMPUR HIGH COURT - SUMMONS NO : S4-15-13-2003
- Updates On Legal Suits Relating to Compensation for Acquisition of Development Rights Land for Construction of Sprint Highway
1. INTRODUCTION
This announcement is in respect of the material litigation as disclosed in the Audited Financial Statements for the financial year ended 31 December 2012 and the quarterly financial results for the first and second quarter of 2013.

2. DETAILS OF THE MATERIAL LITIGATION

The Company wishes to announce that pursuant to a Property Development Agreement dated 7 January 1993 (“the PDA”), Bungsar Hill Holdings Sdn. Bhd. (“BHH”) and Editry Sdn. Bhd. (“ESB”), two subsidiaries of Selangor Properties Berhad granted rights to the Company to develop approximately 15 acres of land adjacent to the Damansara Town Centre (“DTC”) Complex in Damansara Heights, Kuala Lumpur (“the Development Land”).

Part of the Development Land was compulsory acquired for the construction of Sprint Highway and the Company has filed an objection with the Land Administrator over its dissatisfaction on the decision of the Land Administrator in respect of the compensation payable to the Company.

The objections have been referred to the High Court and pending resolution of the matter, the compensation monies (RM6,856,597.50 for suit No. S3(S1)-21-90-2001 and RM425,505.00 for suit No. S4-15-13-20013) have been deposited into the High Court.
    0n 15 November 2010, the High Court has ordered for the case to be transferred and heard together with another suit filed by the Company against BHH and ESB for breaches of the PDA in relation to their disregard of the Company's interest in the Development Land. However, on 19 October 2011, the case pertaining to the breaches of PDA has been struck out with costs.

    BHH has filed an application for release of the compensation monies which have been deposited into Court and claimed for an interest accrued thereof.

    On 30 April 2013, the Court allowed BHH’s application in respect of the release of monies whereby the compensation monies to be released and paid solely and exclusively to BHH.

    3. DECISION OF THE HIGH COURT

    On 8 October 2013, the Company’s solicitors informed that the Court has allowed BHH’s application for interest claimable to the Company as follows:-

    i) Pre Judgment interest on the sum of RM6,856,597.50 from 8 July 2002 until 30 April 2013 at the rate of 8% per annum and Post Judgment interest on the sum of RM6,856,597.50 from 1 May 2013 until date of payment by the Company at the rate of 5% per annum.

    ii) Pre Judgment interest on the sum of RM425,505.00 from 22 November 2007 until 30 April 2013 at the rate of 8% per annum and Post Judgment interest on the sum of RM425,505.00 from 1 May 2013 until date of payment by the Company at the rate of 5% per annum.


    It is to be noted that the above decision was made by the Senior Assistant Registrar of the High Court.

    4. FINANCIAL IMPACT

    There will be a financial impact of RM6.1 million for the Pre Judgment interest ended on 30 April 2013 and an additional interest is chargeable based on respective interest rate for the outstanding sum from 1 May 2013 onwards as mentioned in Section 3. The said impact will affect the financial result of the Group for financial year ended 2013 in the event that the Judge in Chambers dismissed the Company’s appeal.

    5. STATEMENTS BY DIRECTORS

    Having considered the financial impact and in consultation with the Company’s solicitor, the Board of Directors of DBhd has instructed the Company’s solicitors to file an appeal against the said decision to the Judge in Chambers.

    This announcement is dated 8 October 2013.



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

    Announcement Type: General Announcement
    Company NameECOFIRST CONSOLIDATED BHD  
    Stock Name ECOFIRS  
    Date Announced8 Oct 2013  
    CategoryGeneral Announcement
    Reference NoCC-131008-52544

    TypeAnnouncement
    SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
    INTENTION TO DEAL DURING CLOSED PERIOD
    DescriptionNOTICE OF INTENTION TO DEAL DURING CLOSED PERIOD

    Ecofirst Consolidated Bhd ("ECB" or "the Company") has received notification from the following Director of the Company in relation to his intention to deal in the securities of ECB during the closed period of ECB pending the announcement of ECB's First Quarter Results for the period ended 31 August 2013.

    The details of his current shareholdings in ECB are disclosed in the table below:-

    Name of Director

    Direct Interest

    Indirect Interest

    No. of Ordinary Shares of RM0.50 each held

    %

    No. of Ordinary Shares of RM0.50 each held

    %

    Dato’ Dr Teoh Seng Foo

    9,190,500

    1.41

    -

    -



    LAFMSIA - 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 NameLAFARGE MALAYSIA BERHAD  
    Stock Name LAFMSIA  
    Date Announced8 Oct 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoLM-131008-B90E2

    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 RM1.00 each
    Name & address of registered holderAs above

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Disposed01/10/2013
    300,000
     
    Disposed02/10/2013
    306,000
     
    Disposed03/10/2013
    500,000
     

    Circumstances by reason of which change has occurredDisposed in open market
    Nature of interestDirect & Indirect
    Direct (units) 
    Direct (%) 
    Indirect/deemed interest (units) 
    Indirect/deemed interest (%) 
    Total no of securities after change78,800,745
    Date of notice08/10/2013

    Remarks :
    The total number of shares held by EPF directly is 75,509,045 whilst another 3,291,700 shares are held by Portfolio Managers.


    SIME - 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 NameSIME DARBY BERHAD  
    Stock Name SIME  
    Date Announced8 Oct 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoSD-131008-91268

    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 holderPlease refer to "Remarks" below

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired03/10/2013
    1,336,000
     

    Circumstances by reason of which change has occurredCitigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board
    (Acquisition of 1,336,000 shares on 3 October 2013)
    Nature of interestShares held in own name and Citigroup Nominees (Tempatan) Sdn Bhd
    Direct (units)780,825,453 
    Direct (%)12.99 
    Indirect/deemed interest (units)56,638,802 
    Indirect/deemed interest (%)0.94 
    Total no of securities after change837,464,255
    Date of notice04/10/2013

    Remarks :
    1. Total no. of shares held after change are as follows:-

    (a) Employees Provident Fund Board (1,500,000 shares)

    (b) Citigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board (779,325,453 shares)

    (c) Citigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board (HDBS) (11,527,000 shares)

    (d) Citigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board (AM INV) (8,415,900 shares)

    (e) Citigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board (MAYBAN) (1,635,000 shares)

    (f) Citigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board (ALLIANCE) (2,950,000 shares)

    (g) Citigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board (NOMURA) (27,734,702 shares)

    (h) Citigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board (PHEIM) (600,000 shares)

    (i) Citigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board (CIMB PRI) (1,380,900 shares)

    (j) Citigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board (ARIM) (2,200,000 shares)

    (k) Citigroup Nominees (Tempatan) Sdn Bhd
    Employees Provident Fund Board (TEMPLETON) (195,300 shares)

    2. The notice of change in substantial shareholding was received from Citigroup Nominees (Tempatan) Sdn Bhd for and on behalf of Employees Provident Fund Board on 8 October 2013.


    SIME - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NameSIME DARBY BERHAD  
    Stock Name SIME  
    Date Announced8 Oct 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoSD-131008-91277

    Particulars of substantial Securities Holder

    NameAmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera
    AddressTingkat 4, Balai PNB
    201-A, Jalan Tun Razak
    50400 Kuala Lumpur
    NRIC/Passport No/Company No.766894-T
    Nationality/Country of incorporationMalaysia
    Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
    Name & address of registered holderAmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera
    Tingkat 4, Balai PNB
    201-A, Jalan Tun Razak
    50400 Kuala Lumpur

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Disposed02/10/2013
    1,300,000
     

    Circumstances by reason of which change has occurredDisposal of shares by AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera
    Nature of interestDirect
    Direct (units)2,102,068,004 
    Direct (%)34.98 
    Indirect/deemed interest (units) 
    Indirect/deemed interest (%) 
    Total no of securities after change2,102,068,004
    Date of notice02/10/2013

    Remarks :
    The notice of change in substantial shareholding was received from AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera on 8 October 2013.


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