November 1, 2013

Company announcements: INARI, PBBANK, ECM, IJMPLNT, ZELAN, KLK, YTLLAND, CMSB, CCM, IJM

INARI - Changes in Director's Interest (S135) - Dato' Thong Kok Khee

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameINARI AMERTRON BERHAD (ACE Market) 
Stock Name INARI  
Date Announced1 Nov 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoIA-131101-6A3B1

Information Compiled By KLSE

Particulars of Director

NameDato' Thong Kok Khee
AddressNo. 74 Jalan Setiakasih
Damansara Heights
50490 Kuala Lumpur
Descriptions(Class & nominal value)Warrants 2013/2018

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
31/10/2013
500,000
 

Circumstances by reason of which change has occurredDisposal of warrants in the open market by Media Lang Limited
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)33,957,948 
Indirect/deemed interest (%)17.88 
Date of notice01/11/2013

Remarks :
Media Lang Limited is a wholly-owned subsidiary of Insas Berhad.
Dato' Thong is deemed interested by virtue of his substantial interest in Insas Berhad pursuant to Section 6A of the Companies Act, 1965.


PBBANK - 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 NamePUBLIC BANK BERHAD  
Stock Name PBBANK  
Date Announced1 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPB-131101-A16F6

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 holder1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
- Purchase of 2,043,500 shares on 29 October 2013

2. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KIB)
- Sale of 95,000 shares on 29 October 2013

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired29/10/2013
2,043,500
 
Disposed29/10/2013
95,000
 

Circumstances by reason of which change has occurred1. Purchase of shares
2. Sale of shares managed by Portfolio Manager
Nature of interestDirect
Direct (units)489,048,881 
Direct (%)13.96 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change489,048,881
Date of notice29/10/2013

Remarks :
The percentage of EPF's direct interests in Public Bank Berhad (PBB) shares of 13.96% is computed based on the total number of PBB shares in issue excluding a total of 29,800,704 PBB shares bought-back by PBB and retained as treasury shares as at 1 November 2013.

Received EPF Form 29B dated 29 October 2013 on 1 November 2013.


ECM - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name ECM  
Date Announced1 Nov 2013  
CategoryGeneral Announcement
Reference NoEL-131031-12839

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionECM LIBRA FINANCIAL GROUP BERHAD
MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO REGULARISE ITS CONDITION PURSUANT TO PRACTICE NOTE NO. 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

The Board of Directors of ECM Libra Financial Group Berhad ("the Company") wishes to announce that the Company is still in the midst of formulating its regularisation plan. Any development on the regularisation plan will be announced accordingly.

The Company has approximately one (1) month to submit its regularisation plan to the authorities for approval.

This announcement is dated 1 November 2013.



IJMPLNT - 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 NameIJM PLANTATIONS BERHAD  
Stock Name IJMPLNT  
Date Announced1 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIP-131101-FB03F

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.Not Applicable
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 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)
Acquired29/10/2013
200,000
 
Disposed29/10/2013
287,200
 

Circumstances by reason of which change has occurredTransaction of securities
Nature of interestDirect
Direct (units)122,786,462 
Direct (%)15.315 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change122,786,462
Date of notice01/11/2013

Remarks :
Re : Form 29B dated 30 October 2013.


ZELAN - OTHERS DISPOSAL OF 3,946,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

Announcement Type: General Announcement
Company NameZELAN BERHAD  
Stock Name ZELAN  
Date Announced1 Nov 2013  
CategoryGeneral Announcement
Reference NoZZ-131101-55571

TypeAnnouncement
SubjectOTHERS
DescriptionDISPOSAL OF 3,946,000 ORDINARY SHARES OF RM1.00 EACH IN IJM CORPORATION BERHAD

ZELAN BERHAD (“ZB” or the “Company”)

 

DISPOSAL OF 3,946,000 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 31 October 2013 disposed of 3,946,000 ordinary shares of RM1.00 each in IJM, whereby the disposal of 3,600,000 ordinary shares were made via a Direct Business Transaction, while 346,000 ordinary shares via an open market (the “Sale Shares”) at an average disposal price of RM5.79 per share for a total consideration of RM22,808,062.97 (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 RM1,408,375,977.00.

 

2.2 Information on the Sale Shares

 

The Sale Shares comprise of 3,946,000 ordinary shares of RM1.00 each representing approximately 0.280% of the total issued and paid-up capital of IJM.

 

2.3 The cash consideration of RM22,808,062.97 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 31 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 RM6.5 million while at the Company level was approximately RM9.0 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 16.0%. On aggregate, the highest percentage ratio applicable to the transaction pursuant to paragraph 10.02 (g) of the MMLR is 203.7%.

 

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

 

25 October 2013

4,200,000

 

30 October 2013

7,113,000

 

This announcement

3,946,000

 

Subtotal

40,830,000


Grand Total

49,459,000

 

 

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 1 November 2013.



KLK - 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 NameKUALA LUMPUR KEPONG BERHAD  
Stock Name KLK  
Date Announced1 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKL-131101-78354

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 holderCitigroup Nominees (Tempatan) Sdn Bhd
[Employees Provident Fund Board]
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)
Disposed29/10/2013
100,000
 

Circumstances by reason of which change has occurredDisposed
Nature of interestDirect
Direct (units)160,754,838 
Direct (%)15.09 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change160,754,838
Date of notice30/10/2013

Remarks :
Notification received on 01/11/2013


YTLLAND - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameYTL LAND & DEVELOPMENT BERHAD  
Stock Name YTLLAND  
Date Announced1 Nov 2013  
CategoryGeneral Meetings
Reference NoYL-131101-20DD6

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionNotice of Seventy-Third Annual General Meeting
Date of Meeting26/11/2013
Time11:00 AM
VenueStarhill 2, Level 4, JW Marriott Hotel Kuala Lumpur, 183 Jalan Bukit Bintang, 55100 Kuala Lumpur
Date of General Meeting Record of Depositors19/11/2013


CMSB - 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 NameCAHYA MATA SARAWAK BERHAD  
Stock Name CMSB  
Date Announced1 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-131101-7AB1B

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 RM 1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd - 13,091,800 shares
-Employees Provident Fund Board

Citigroup Nominees (Tempatan) Sdn Bhd - 1,865,000 shares
-Employees Provident FD BD (Mayban)

Citigroup Nominees (Tempatan) Sdn Bhd - 3,873,800 shares
-Employees Provident FD BD (Nomura)

Citigroup Nominees (Tempatan) Sdn Bhd - 3,010,300 shares
-Employees Provident FD BD (Templeton)

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)
Acquired29/10/2013
95,000
 

Circumstances by reason of which change has occurredAcquisition

Citigroup Nominees (Tempatan) Sdn Bhd
-Employees Provident Fd Bd (Mayban)
Acquisition of 95,000 shares
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change21,840,900
Date of notice30/10/2013

Remarks :
The Form 29B dated 30 October 2013 was received on 1 November 2013.


CCM - OTHERS Proposed Internal Restructuring

Announcement Type: General Announcement
Company NameCHEMICAL COMPANY OF MALAYSIA BERHAD  
Stock Name CCM  
Date Announced1 Nov 2013  
CategoryGeneral Announcement
Reference NoCC-131101-49617

TypeAnnouncement
SubjectOTHERS
DescriptionProposed Internal Restructuring

1.0 BACKGROUND

We are pleased to announce that the Board of Directors of the Chemical Company of Malaysia Berhad (“CCM” or “the Company”) has approved the Proposed Internal
Restructuring exercise on the acquisition by CCM Usaha Kimia (M) Sdn Bhd (“UKSB”) of 99.07% equity interest in CCM Innovative Solutions Sdn Bhd (“CCMIS”)
and 80% equity interest in CCM Chemicals Sdn Bhd (“CCMC”) from the Company (“Proposed Internal Restructuring”).


2.0 PARTIES TO THE PROPOSED INTERNAL RESTRUCTURING

2.1 The Company is an investment holding and management company with subsidiaries engaged in the manufacturing and marketing of fertilizers, chemicals and
pharmaceuticals products and services and is listed on Bursa Malaysia.

2.2 UKSB is a private limited company by shares and is incorporated in Malaysia. The principal business of UKSB is to trade as an agent and in its own right in
chemicals and other commodities. UKSB is a wholly owned subsidiary of the Company.

2.3 CCMC is a private company limited by shares and is incorporated in Malaysia. The principal business of CCMC is manufacturing and marketing of chlor-alkali and
coagulant products and marketing of industrial and specialty chemicals. CCMC is an 80% subsidiary company of the Company.

2.4 CCMIS is a private company limited by shares and is incorporated in Malaysia. The principal business of CCMIS is manufacturing and selling of industrial cleaner
and hydrogel coating products. CCMIS is a wholly owned subsidiary of the Company.


3.0 DETAILS OF THE PROPOSED INTERNAL RESTRUCTURING

3.1 Under the proposed internal restructuring, the Company shall sell its shares held in CCMC and CCMIS to UKSB with all rights attached or accruing to them and free
from all encumbrances and subject to and upon the terms and conditions of the Share Sale Agreements referred to in paragraph 3.2 below. The following total
purchase consideration was arrived at after taking into account the costs of investment of the Company in CCMIS and CCMC on a “willing buyer and willing seller"
basis and would be satisfied via the issuance of new UKSB shares to the Company as follows:

Name (%)CCM’s Direct CCM’s Shareholding[1] Vendor Purchaser Total Consideration Total Number of New Shares[1]
Equity Interest (RM) to be Issued by UKSB
CCMC 80.00 16,000,000 CCM UKSB 46,571,000 11,066,868
CCMIS 99.07[2] 127,754,848 CCM UKSB 121,754,847 28,933,132
Total 168,325,847 40,000,000

Note:
1. Comprising ordinary shares of par value RM1 each.
2. Remaining 0.93% currently held by UKSB.

3.2 In relation to the proposed internal restructuring, the following Agreements were executed on 1 November 2013:
a) Share Sale Agreement between the Company and UKSB in respect of the acquisition of the entire 80% equity interest of CCMC.
b) Share Sale Agreement between the Company and UKSB in respect of the acquisition of 99.07% equity interest in CCMIS.

4.0 RATIONALE FOR THE PROPOSED INTERNAL RESTRUCTURING

4.1 The Proposed Internal Restructuring is part of CCM Group’s continuous performance enhancement programme, with all three business divisions implementing
various operational initiatives to consolidate their positions, which include cost optimization and business portfolio rationalization strategies. This is done together
with other various strategic initiatives to establish a solid foundation for future growth.

4.2 The Proposed Internal Restructuring will create a Chemicals Division flagship company which will be under the purview of a single board. This is expected to
enhance and streamline the corporate governance practices and policies and procedures as well as ensure that risks are better managed throughout the CCM Group.

5.0 EFFECTS OF THE PROPOSED INTERNAL RESTRUCTURING

5.1 The Proposed Internal Restructuring will not have any material effect on the share capital, shareholding structure, earnings per share, net assets per share and gearing
of the Company for the financial year ending 31 December 2013.

6.0 APPROVALS REQUIRED

6.1 The Proposed Internal Restructuring is subject to consents/approvals and/or waivers being obtained from all the relevant third parties, if necessary, under any
contract or undertaking or instrument to which the Company, CCMC, CCMIS and/or UKSB is a party.

7.0 INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED

7.1 None of the Directors and/or major shareholders or persons connected to them has any interest, direct or indirect in the Proposed Internal Restructuring.

8.0 EXPECTED TIME OF COMPLETION OF THE PROPOSED INTERNAL RESTRUCTURING

8.1 Barring any unforeseen circumstances, the Proposed Internal Restructuring is expected to be completed in Q2 of 2014.

9.0 DIRECTORS STATEMENT

9.1 Having considered all aspects of the Proposed Internal Restructuring, the Board is of the opinion that the Proposed Internal Restructuring is in the best interest of the
Company.

10.0 DOCUMENTS FOR INSPECTION

10.1 The Share Sale Agreements are available for inspection by the shareholders of the Company at the Registered Office of the Company at 13th Floor, Menara PNB,
201-A Jalan Tun Razak, 50400 Kuala Lumpur during normal office hours from Mondays to Fridays (except public holidays) for a period of three (3) months
commencing from the date of this announcement.

This announcement is dated 1 November 2013.



IJM - 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 NameIJM CORPORATION BERHAD  
Stock Name IJM  
Date Announced1 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIC-131101-FFB27

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.Not Applicable
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1 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)
Disposed29/10/2013
1,000,000
 
Acquired29/10/2013
50,000
 

Circumstances by reason of which change has occurredTransaction of Securities
Nature of interestDirect
Direct (units)145,166,089 
Direct (%)10.303 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change145,166,089
Date of notice01/11/2013

Remarks :
Re : Form 29B dated 30 October 2013.


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