November 27, 2013

Company announcements: DIALOG, HEXAGON, AWC, HAIO, TIMWELL, DATAPRP, PRKCORP

DIALOG - 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 NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced27 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-131127-58E9A

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 RM0.10 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)
Disposed22/11/2013
3,100,000
 
Acquired22/11/2013
400,000
 

Circumstances by reason of which change has occurredPurchase and Disposal of shares.
Nature of interestDirect
Direct (units)333,606,535 
Direct (%)13.74 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change333,606,535
Date of notice27/11/2013

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 3,000,000 shares) - 274,970,394 shares
Employees Provident Fund Board - 1,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 895,054 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 5,829,700 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 9,088,567 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 13,485,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) - 25,637,820 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) (Disposed 100,000 shares) - 1,800,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) (Acquired 400,000 shares) - 400,000 shares


Total No. of shares - 333,606,535 shares


HEXAGON - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHEXAGON HOLDINGS BHD  
Stock Name HEXAGON  
Date Announced27 Nov 2013  
CategoryGeneral Announcement
Reference NoCM-131126-65305

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHEXAGON HOLDINGS BERHAD (“HHB” or “the Company”)
Notice of Demand (“Demand”) Banking Facility granted by Hong Leong Bank Berhad (previously EON Bank Berhad) (“HLB”) to Hexagon Shop System Sdn Bhd (“HSS”)

The Board of Directors of HHB wishes to announce that on 26 November 2013, a Letter of Demand (“Demand”) dated 21 November 2013 had been served on Hexagon Shop System Sdn Bhd (“HSS”), a wholly-owned subsidiary company of Hexagon Tower Sdn Bhd (“In Liquidation”) which was the wholly owned subsidiary company of HHB prior to its liquidation, by Messrs Skrine acting for HLB demanding payment of a sum of RM605,066.68 as at 31 October 2013 due and owing under the Term Loan Facility (“Facility”) granted by HLB together with the solicitor’s fee of RM106.00.

The Facility was secured by inter alia Guarantee duly executed by HHB. The reason leading to the Demand was due to HSS’s failure to settle the sums owing under the Facility which thereby committed an event of default under the Facility and HHB has guaranteed the repayment on demand of all monies owing or incurred by HSS to HLB pursuant to the Guarantee duly executed by HHB.

HSS is given fourteen (14) days from the receipt of the Demand to pay the aforesaid sum and any part of the demand sum made to HLB shall be deemed received by HLB without prejudice to its rights to take any further actions as may be deemed necessary.

HSS is in the midst of seeking legal advice to defend against the aforesaid Demand. If the Demand would subsequent crystallize, the potential liabilities would have financial and operation impact to the Company.

Further announcement on the material development of the above matter will be made in due course.

This announcement is dated 27 November 2013.



HEXAGON - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameHEXAGON HOLDINGS BHD  
Stock Name HEXAGON  
Date Announced27 Nov 2013  
CategoryFinancial Results
Reference NoCM-131126-50235

Financial Year End31/12/2013
Quarter3
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
1,087
1,086
2,750
0
2Profit/(loss) before tax
-216
-797
-53,944
0
3Profit/(loss) for the period
-216
-900
-53,944
0
4Profit/(loss) attributable to ordinary equity holders of the parent
-216
-900
-53,944
0
5Basic earnings/(loss) per share (Subunit)
-0.16
-0.68
-40.65
0.00
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 ($$)
-0.5800
-0.1700
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


AWC - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameAWC BERHAD  
Stock Name AWC  
Date Announced27 Nov 2013  
CategoryFinancial Results
Reference NoCM-131127-49211

Financial Year End30/06/2014
Quarter1
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
26,850
25,420
26,850
25,420
2Profit/(loss) before tax
270
-3,287
270
-3,287
3Profit/(loss) for the period
13
-3,343
13
-3,343
4Profit/(loss) attributable to ordinary equity holders of the parent
350
-3,063
350
-3,063
5Basic earnings/(loss) per share (Subunit)
0.16
-1.36
0.16
-1.36
6Proposed/Declared dividend per share (Subunit)
0.00
1.50
0.00
1.50


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 ($$)
0.3200
0.3200
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


AWC - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameAWC BERHAD  
Stock Name AWC  
Date Announced27 Nov 2013  
CategoryGeneral Announcement
Reference NoCM-131127-36853

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionAWC BERHAD ("AWC" OR "THE COMPANY")
STATUS UPDATE ON THE MEMORANDUM OF UNDERSTANDING BETWEEN AWC AND NIHON TUNA RESOURCES CORPORATION (“MOU”)

Further to our announcements dated 23 June 2011, 25 August 2011, 29 November 2011, 28 February 2012, 29 May 2012, 29 August 2012, 29 November 2012, 27 February 2013, 29 May 2013 and 28 August 2013 pertaining to the MOU between AWC and Nihon Tuna Resources Corporation, in relation to the management of marine facilities available in Malaysia through technology cooperation and other relevant efforts.

The Board of Directors of AWC wishes to inform that there is no material development to the MOU since the last announcement.

The Company will make the appropriate announcement on any new development to the MOU, if any.

This announcement is dated 27 November 2013.



HAIO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHAI-O ENTERPRISE BERHAD  
Stock Name HAIO  
Date Announced27 Nov 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCP-131127-386AF

Date of buy back27/11/2013
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)7,500
Minimum price paid for each share purchased ($$)2.630
Maximum price paid for each share purchased ($$)2.640
Total consideration paid ($$)19,871.00
Number of shares purchased retained in treasury (units)7,500
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)5,341,188
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 (%)2.64


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

Announcement Type: General Announcement
Company NameTIMBERWELL BERHAD  
Stock Name TIMWELL  
Date Announced27 Nov 2013  
CategoryGeneral Announcement
Reference NoTT-131125-36181

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionProposed Disposal of land measuring approximately 2,610 square feet held under Town Lease No. 017536300 situate in the District of Kota Kinabalu, Sabah, Malaysia together with one (1) unit of six (6) storey office complex erected thereon known as Wisma TWB, Lot 26, Lorong Dewan, Kota Kinabalu, Sabah, Malaysia ("Property") by Timberwell Properties Sdn. Bhd. ("TPSB” or the Vendor"), a wholly-owned subsidiary of Timberwell Berhad ("TWB") to Ati Property Sdn. Bhd. (“ATI” or "the Purchaser") (“Proposed Disposal”)

1. INTRODUCTION

The Board of Directors of TWB wishes to announce that its wholly-owned subsidiary, TPSB had on 27 November 2013 entered into a Sale and Purchase Agreement (“SPA”) with ATI for the disposal of the Property for a total cash consideration of RM7.6 million.

2. DETAILS OF THE VENDOR AND PURCHASER

TPSB is a wholly-owned subsidiary of TWB with an authorised capital of RM10 Million comprising 10 Million ordinary shares of RM 1/= each, of which RM7 Million ordinary shares had been issued and fully paid up. The principal activity of TPSB is Property Investment .

ATI was incorporated in Malaysia on 22 July 2013 as a private limited company under Companies Act, 1965 with an authorised capital of RM400,000.00 comprising 400,000 ordinary shares of RM1.00 each, of which 400,000 ordinary shares had been issued and fully paid up. The principal activity of ATI is investment on properties.

3. DETAILS OF THE PROPOSED DISPOSAL

3.1 Details of the Property

a.

Description

:

All that Parcel of land held under Town Lease No. 017536300 situate in the District of Kota Kinabalu, Sabah together with one (1) unit of six (6) storey office complex erected thereon known as Wisma TWB

b.

Postal Address

:

Lot 26, Lorong Dewan, Kota Kinabalu, Sabah

c.

Land size

:

2,610 square feet

d.

Land tenure

:

99 years (from 01/01/1979 to 31/12/ 2077)

e.

Financial information on the Property

:

Net Book Value: RM 3.523 million

Net profits attributable to assets: N/A

Original cost of investment: RM5.08 million

Date of Investment: 29/09/1997

f.

Encumbrances

:

The Property is presently unencumbered, save and except for one (1) legal charge created in favour of Affin Bank Berhad (“the Bank”) for certain banking facilities. However, the Bank has on 11th November 2013 approved in principle to discharge of the Property, subject to the terms and conditions agreed between the Company and the Bank.

The Property currently is subject to a Tenancy Agreement entered between TPSB and Asian Tourism International College Sdn. Bhd.

The Purchaser shall purchase the Property (excluding all the furniture, fittings and equipment) free from all encumbrances and with legal possession in its present title and condition as at the date of the SPA subject to the said Tenancy Agreement and upon terms and conditions thereon.

g.

Status

:

Leasehold

h.

Age of building

:

17 years

i.

Existing use only

:

For renting

3.2 Basis of Determining the Disposal Consideration

The total cash consideration of RM7.6 million for the Proposed Disposal was arrived at a willing-buyer willing-seller basis after taking into account of current indicative market value of freehold development land around the area.

3.3 Terms of Payment

Upon signing the SPA, ATI shall pay initial deposit of RM760,000.00 only to TPSB.

The balance of the purchase price of RM6,840,000.00 shall only be paid by ATI to the appointed stakeholder solicitor of TPSB within three (3) months from the execution of the SPA or such extension as may be provided in the SPA.

3.4 Utilisation of proceeds

The proceeds arising from the Proposed Disposal are proposed to be utilised by TWB Group, upon receipt of the sales proceeds as follows:-

To repay the Bank's facilities of approximately of RM4.8 million

The remaining balance of RM2.8 million for working capital purpose especially for planting activities.

3.5 Assumption of liabilities

There are no liabilities to be assumed by the Purchaser arising from the Proposed Disposal.

4. RATIONALE FOR THE PROPOSED DISPOSAL

The proceeds obtained from the Proposed Disposal will allow some savings on loan interests following the partly settlement of the bank loan as well as for working capital purpose.

5. RISK FACTORS

Other than the transactional risk pertaining to the Proposed Disposal, the Board of Directors does not foresee any other significant risk arising from the Proposed Disposal.

6. FINANCIAL EFFECTS OF THE PROPOSED DISPOSAL

6.1 Earnings

The revenue of Timberwell Group will be reduced by the reduction in the yearly rental income from investment in property of RM 372,000.00 attributed to the Proposed Disposal.

6.2 Net Assets per share and Gearing

The Proposed Disposal will not have any effect on the net assets per share and gearing of Timberwell Group.

6.3 Share capital and substantial shareholders’ shareholding

The Proposed Disposal will not have any effect on the issued and paid-up capital and the substantial shareholders’ shareholdings of TWB, as the Proposed Disposal does not involve any issuance of new TWB’s shares.

7. INTEREST OF DIRECTORS AND MAJOR SHAREHOLDERS AND PERSONS CONNECTED TO THEM

None of the Directors and/ or major shareholders of TWB and persons connected to them have any interest, direct/ indirect, in the Proposed Disposal.

8. STATEMENTS BY DIRECTORS

The Directors of TWB, after having considered all aspects of the Proposed Disposal, are in the opinion that the Proposed Disposal is in the best interest of TWB Group.

9. PERCENTAGE RATIO

The highest percentage ratio applicable to the Proposed Disposal pursuant to paragraph 10.02(g) of the Main Market Listing Requirements is approximately 24.83% based on the latest audited financial statements of TWB for the year ended 31 December 2012.

10. APPROVAL REQUIRED

The Proposed Disposal is not subject to the approval of the shareholders or any other relevant authorities.

11. CASH COMPANY OR PRACTICE NOTE 17 (“PN 17”) COMPANY

The Proposed Disposal is not expected to result TWB becoming a cash company or PN17 company.

12. ESTIMATED TIME FRAME FOR COMPLETION

Barring unforeseen circumstances, Timberwell expects to complete the Proposed Disposal within 3 to 4 months from the date of signing the SPA.

13. DOCUMENTS FOR INSPECTION

The SPA will be available for inspection by the shareholders of TWB at the Company’s registered office at Lot 8 & 9, Block A, 2nd Floor, Damai Point Commercial Centre, Off Jalan Damai, Luyang, 88300 Kota Kinabalu, Sabah during the normal business hours from Mondays to Fridays (except public holidays) for a period of one (1) month from the date of announcement.

This announcement is dated 27 November 2013.



DATAPRP - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameDATAPREP HOLDINGS BHD  
Stock Name DATAPRP  
Date Announced27 Nov 2013  
CategoryFinancial Results
Reference NoDH-131126-33952

Financial Year End31/03/2014
Quarter2
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
10,221
10,658
23,610
21,717
2Profit/(loss) before tax
-1,782
-1,736
-2,515
-3,328
3Profit/(loss) for the period
-1,789
-1,748
-2,542
-3,354
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,756
-1,861
-2,518
-3,369
5Basic earnings/(loss) per share (Subunit)
-0.46
-0.49
-0.66
-0.88
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 ($$)
0.1000
0.1000
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


PRKCORP - OTHERS OUTSTANDING RELATED PARTY RECEIVABLES

Announcement Type: General Announcement
Company NamePERAK CORPORATION BERHAD  
Stock Name PRKCORP  
Date Announced27 Nov 2013  
CategoryGeneral Announcement
Reference NoCS-131121-71259

TypeAnnouncement
SubjectOTHERS
DescriptionOUTSTANDING RELATED PARTY RECEIVABLES

Perak Corporation Berhad wishes to announce the outstanding related party receivables as at 30 September 2013 in response to the directive from Bursa Malaysia Securities Berhad dated 21 May 2010.

Please refer to the attachment for details.

This announcement is dated 27 November 2013.


Copy to:
Securities Commission
No. 3 Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur



PRKCORP - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NamePERAK CORPORATION BERHAD  
Stock Name PRKCORP  
Date Announced27 Nov 2013  
CategoryFinancial Results
Reference NoCS-131121-F8DDF

Financial Year End31/12/2013
Quarter3
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited

Remarks :
This announcement is dated 27 November 2013.

Copy to:
Issues & Investment Division
Securities Commission
No. 3 Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpu
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
35,039
45,763
95,852
96,390
2Profit/(loss) before tax
16,204
21,237
45,073
45,084
3Profit/(loss) for the period
12,392
16,357
33,872
33,836
4Profit/(loss) attributable to ordinary equity holders of the parent
7,871
12,580
20,406
22,169
5Basic earnings/(loss) per share (Subunit)
7.87
12.58
20.41
22.17
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 ($$)
5.0300
4.6800
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


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