November 21, 2013

Company announcements: IOICORP, UMW, UNICO, KPS, MPCORP, PUNCAK

IOICORP - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoMI-131121-67102

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionIOI CORPORATION BERHAD ("IOI CORP")

UNCONDITIONAL TAKE-OVER OFFER BY IOI PLANTATION SDN BHD ("IOI PLANTATION" OR THE “OFFEROR”), A WHOLLY-OWNED SUBSIDIARY OF IOI CORP, TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.25 EACH IN UNICO-DESA PLANTATIONS BERHAD ("UNICO") ("UNICO SHARES") NOT ALREADY HELD BY THE OFFEROR (“OFFER SHARES”) AT A CASH OFFER PRICE OF RM1.17 PER OFFER SHARE ("OFFER")

We refer to the previous announcements made in relation to the Offer. 

On behalf of IOI Plantation, RHB Investment Bank Berhad wishes to announce that, IOI Plantation had received valid acceptances for 419,802,818 (48.98%) Offer Shares from the holders of the Offer Shares, resulting in IOI Plantation holding more than 90% of the voting shares of Unico (including those Unico Shares which were already acquired or held by IOI Plantation) as at 5.00 p.m. (Malaysian time) on 21 November 2013. 

In accordance with Paragraph 16.02(3) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"), Bursa Securities will suspend the trading of Unico Shares upon the expiry of five (5) market days from the date of the announcement to be made by Unico, pursuant to Paragraph 9.19(48) of the Listing Requirements. The suspension will be effected from 9.00 a.m. (Malaysian time) on Friday, 29 November 2013. 

As stated in the offer document dated 23 October 2013, in the event that Unico does not comply with the public shareholding spread requirement pursuant to paragraph 8.02(1) of the Listing Requirements, IOI Plantation does not intend to maintain the listing status of Unico on the Official List of Bursa Securities. 

Accordingly, IOI Plantation will procure Unico to file an application with Bursa Securities to withdraw Unico's listing from the Official List of Bursa Securities pursuant to Paragraphs 16.07 and 16.08 of the Listing Requirements. Once Unico is delisted, shareholders who have not accepted the Offer (“Dissenting Shareholders”) will hold unlisted Unico Shares. In such a situation, Dissenting Shareholders will not be able to realise their investments in Unico Shares through trading on Bursa Securities. 

The Offer will remain open for acceptances until 5.00 p.m. (Malaysian time) on Monday, 25 November 2013. 

The level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on 21 November 2013 is set out in the attached press notice ("Press Notice"). 

Please refer to the attached Press Notice for further details. 

This announcement is dated 21 November 2013.

Attachments

Press Notice (21 Nov 2013).pdf
423 KB



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

Announcement Type: Financial Results
Company NameUMW HOLDINGS BERHAD  
Stock Name UMW  
Date Announced21 Nov 2013  
CategoryFinancial Results
Reference NoUH-131120-57056

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

Attachments

3qtr2012Results.pdf
527 KB

  • 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
3,456,643
3,957,519
10,315,120
11,766,473
2Profit/(loss) before tax
245,641
595,780
1,121,533
1,549,276
3Profit/(loss) for the period
178,968
473,346
856,124
1,203,923
4Profit/(loss) attributable to ordinary equity holders of the parent
101,452
299,125
572,103
743,404
5Basic earnings/(loss) per share (Subunit)
8.68
25.60
48.97
63.63
6Proposed/Declared dividend per share (Subunit)
25.00
15.00
35.00
25.00


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 ($$)
4.3014
4.1499
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


UNICO - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameUNICO-DESA PLANTATIONS BERHAD  
Stock Name UNICO  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoUP-131121-68331

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionUNCONDITIONAL TAKE-OVER OFFER BY IOI PLANTATION SDN BHD ("IOI PLANTATION" OR THE “OFFEROR”), A WHOLLY-OWNED SUBSIDIARY OF IOI CORPORATION BERHAD, TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.25 EACH IN UNICO ("UNICO SHARES") NOT ALREADY HELD BY THE OFFEROR (“OFFER SHARES”) AT A CASH OFFER PRICE OF RM1.17 PER UNICO SHARE ("OFFER")

We refer to the previous announcements made in relation to the Offer.

We wish to inform that the Company has today received a press notice from RHB Investment Bank Berhad, on behalf of IOI Plantation, to inform that, IOI Plantation had received valid acceptances for 419,802,818 (48.98%) Offer Shares from the holders of the Offer Shares, resulting in IOI Plantation holding more than 90% of the voting shares of Unico (including those Unico Shares which were already acquired or held by IOI Plantation) as at 5.00 p.m. (Malaysian time) on 21 November 2013.

In accordance with Paragraph 16.02(3) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") ("Listing Requirements"), Bursa Securities will suspend the trading of Unico Shares upon the expiry of five (5) market days from the date of this announcement, which is made pursuant to Paragraph 9.19(48) of the Listing Requirements. The suspension will be effected from 9.00 a.m. (Malaysian time) on Friday, 29 November 2013.

As stated in the offer document dated 23 October 2013, in the event that Unico does not comply with the public shareholding spread requirement pursuant to paragraph 8.02(1) of the Listing Requirements, IOI Plantation does not intend to maintain the listing status of Unico on the Official List of Bursa Securities.

Accordingly, IOI Plantation will procure Unico to file an application with Bursa Securities to withdraw Unico's listing from the Official List of Bursa Securities pursuant to Paragraphs 16.07 and 16.08 of the Listing Requirements. Once Unico is delisted, shareholders who have not accepted the Offer (“Dissenting Shareholders”) will hold unlisted Unico Shares. In such a situation, Dissenting Shareholders will not be able to realise their investments in Unico Shares through trading on Bursa Securities.

The Offer will remain open for acceptances until 5.00 p.m. (Malaysian time) on Monday, 25 November 2013.

The level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on 21 November 2013 is set out in the attached press notice ("Press Notice").

Please refer to the attached Press Notice for further details.

This announcement is dated 21 November 2013.

Attachments

Press Notice (21 Nov 2013).pdf
423 KB



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

Announcement Type: General Announcement
Company NameKUMPULAN PERANGSANG SELANGOR BERHAD  
Stock Name KPS  
Date Announced21 Nov 2013  
CategoryGeneral Announcement
Reference NoKP-131121-68288

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionKUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR” OR “COMPANY”)

OFFER TO PURCHASE 100% EQUITY IN SYARIKAT PENGELUAR AIR SELANGOR HOLDINGS BERHAD (“SPLASH HOLDINGS”) BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), A COMPANY WHOLLY-OWNED BY THE SELANGOR STATE GOVERNMENT VIA MENTERI BESAR SELANGOR (INCORPORATED)(“MBI”)(“OFFER” OR “PROPOSED PURCHASE”)
1. INTRODUCTION
      The Board of Directors of Perangsang Selangor (“Board”), wishes to announce that the Company has vide a letter (“Offer Letter”) dated 21 November 2013, received from its holding company Kumpulan Darul Ehsan Berhad (“KDEB”) a proposal to purchase its equity holdings in Syarikat Pengeluar Air Selangor Holdings Berhad (Company No. 482926-X)(“SPLASH Equity”). Perangsang Selangor holds a 30% equity stake in SPLASH Holdings via its wholly-owned subsidiary, Viable Chip (M) Sdn Bhd (“VCSB”) (Company No. 720808-W).
      The closing date for acceptance of the Offer is by 5.00 p.m. (Malaysian time) on or before 4 December 2013 or such other extended or revised closing date(s) as may be decided by KDEB.

      The details of the indicative terms and conditions of the Proposed Purchase are set out below.

2. DETAILS OF THE INDICATIVE TERMS AND CONDITIONS OF THE OFFER LETTER

      2.1 Valuation Principles
          The value of the SPLASH Equity has been derived based on the following principles: -
          (i) The value of SPLASH Equity including a return on SPLASH Equity of 12% per annum;
            (ii) Water assets to be acquired by Pengurusan Aset Air Berhad (“PAAB”) concurrently with the acquisition of the equity by KDEB.

            (iii) SPLASH Equity includes all forms of investments and contributions by shareholders (e.g. ordinary or preference shares, advances and, where applicable, debt-equity instruments are also taken into account).
            (iv) Return on SPLASH Equity is calculated at 12% per annum up to 31 December 2012 (with no compounding) with deductions for any historical dividend payouts.
              (v) Liabilities to be assumed are all the outstanding water-related debts owed by SPLASH Holdings and Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”), which include:
                  a. Bonds acquired by Acqua SPV Berhad (“Acqua SPV”) or remaining in the capital markets;

                  b. Commercial loans, if applicable; and

                  c. Government loans, if applicable.

          2.2 Payment Consideration
              (i) The consideration for the proposed purchase of the SPLASH Equity has been ascribed a value estimated at RM1,834.6 million, as further detailed below: -

              Item
              RM million
              Equity contribution plus return on equity at 12% per annum
              250.6
              Water assets to-be acquired by PAAB
              1,584.0
              Total Value of SPLASH Equity
              1,834.6*
                * The Total Value of SPLASH Equity may be revised following the due diligence inquiry to be undertaken, referred to in paragraph 2.3 (iii).
                  Payment shall be in cash in respect of the portion ascribed to the equity contribution, as detailed in section 2.1 (iii) and (iv) above, on the understanding that the remaining value will be satisfied via the assumption of liabilities at SPLASH Holdings and SPLASH.

              (ii) The payment ascribed to the equity contribution referred to in paragraph 2.2(i) above shall, subject to such adjustments as are provided for therein, be notified by KDEB to the holders of the SPLASH Equity and paid to holders of the SPLASH Equity on a pro rata basis in accordance with the respective proportions of their holdings in the SPLASH Equity after the conditions set out in paragraph 2.3 below have been fulfilled or (to the extent permitted by law) waived by KDEB.
          2.3 Conditions of the Proposed Purchase

          The Proposed Purchase is conditional upon the following: -
              (i) Acceptance of the offer by all shareholders of SPLASH Holdings by 5.00 p.m. (Malaysian time) on or before 4 December 2013;
                (ii) Acceptance of the offer by KDEB for the acquisition of the equity interest of the other Selangor Water Companies by all those respective shareholders to whom such proposals are made by 5.00 p.m. (Malaysian time) on or before 4 December 2013;
                  (iii) Completion of a due diligence inquiry to be undertaken on SPLASH Holdings and SPLASH commencing seven (7) days from date of acceptance of the Offer and the results of such due diligence inquiry being satisfactory to KDEB;

                  (iv) All corporate approvals required by the shareholders of SPLASH Holdings including, if applicable, the approval of minority shareholders of the companies at a general meeting of shareholders to be convened;

                  (v) Approval and consent of the Federal Government and all related agencies e.g. the Ministry of Energy, Green Energy and Water (“KeTTha”), the Economic Planning Unit and /or the Public Private Partnership Unit (“UKAS”);

                  (vi) Approval and consent of the Selangor State government and all related agencies e.g. Selangor Economic Planning Unit (“UPEN”) etc;

                  (vii) Approval of the National Water Services Commission (“SPAN”), the Securities Commission (“SC”), Bursa Malaysia Securities Berhad, if applicable;

                  (viii) Approval of the Acqua SPV and other creditors of SPLASH Holdings and SPLASH, where applicable;

                  (ix) The approval of any other authorities or parties, if required.
            3. DIRECTORS AND MAJOR SHAREHOLDERS’ INTEREST

                Save as disclosed below, to the best of our knowledge, there are no other Directors of Perangsang Selangor, major shareholders of Perangsang Selangor and/or person connected to them who are interested in the Proposed Purchase:

                (i) KDEB, by virtue of it being a major shareholder of Perangsang Selangor and penultimate holding company of VCSB;

                (ii) Perbadanan Kemajuan Negeri Selangor (“PKNS”), by virtue of it being connected party to KDEB and a substantial shareholder of Perangsang Selangor;

                (iii) Tabung Warisan Negeri Selangor (“TWNS”), by virtue of it being a connected party to KDEB and a shareholder of Perangsang Selangor;

                (iv) YM Raja Haji Idris Raja Kamarudin, a Non-Independent and Non-Executive Director and Chairman of Perangsang Selangor, is also a director of KDEB; and

                (v) Encik Suhaimi Bin Kamaralzaman, the Group Chief Executive Officer / Managing Director of Perangsang Selangor, is also a director of KDEB.

                (KDEB, PKNS and TWNS are collectively referred to as “Interested Major Shareholders”).

                (YM Raja Haji Idris Raja Kamarudin and Encik Suhaimi Bin Kamaralzaman are collectively referred to as the “Interested Directors”)

            4. CONCLUSION
                The Board and Management of Perangsang Selangor will review the Offer from KDEB and will update the Exchange on further developments on this matter in due course.

                The shareholders of Perangsang Selangor and potential investors are advised to exercise caution when dealing in the Company’s shares, as there is no certainty the Proposed Purchase may proceed or may result in a binding agreement.
            This announcement is dated 21 November 2013.


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

            Announcement Type: General Announcement
            Company NameKUMPULAN PERANGSANG SELANGOR BERHAD  
            Stock Name KPS  
            Date Announced21 Nov 2013  
            CategoryGeneral Announcement
            Reference NoKP-131121-66707

            TypeAnnouncement
            SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
            RELATED PARTY TRANSACTIONS
            DescriptionKUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR” OR “COMPANY”)

            OFFER TO PURCHASE 100% EQUITY IN TITISAN MODAL SDN BHD (“TMSB”) BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), A COMPANY WHOLLY-OWNED BY THE SELANGOR STATE GOVERNMENT VIA MENTERI BESAR SELANGOR (INCORPORATED)(“MBI”)(“OFFER” OR “PROPOSED PURCHASE”)
            1. INTRODUCTION
                The Board of Directors of Perangsang Selangor (“Board”), wishes to announce that the Company has vide a letter (“Offer Letter”) dated 21 November 2013, received from its holding company Kumpulan Darul Ehsan Berhad (“KDEB”) a proposal to purchase its equity holdings of 90.83% in Titisan Modal (M) Sdn Bhd (Company No. 700156-U) (“TMSB Equity”).
                The closing date for acceptance of the Offer is by 5.00 p.m. (Malaysian time) on or before 4 December 2013 or such other extended or revised closing date(s) as may be decided by KDEB.

                The details of the indicative terms and conditions of the Proposed Purchase are set out below.

            2. DETAILS OF THE INDICATIVE TERMS AND CONDITIONS OF THE OFFER LETTER

                2.1 Valuation Principles
                    The value of the TMSB Equity has been derived based on the following principles: -
                    (i) The value of TMSB Equity including a return on TMSB Equity of 12% per annum.
                      (ii) Water assets to be acquired by Pengurusan Aset Air Berhad (“PAAB”) concurrently with the acquisition of the equity by KDEB.

                      (iii) TMSB Equity includes all forms of investments and contributions by shareholders (e.g. ordinary or preference shares, advances and, where applicable, debt-equity instruments are also taken into account).
                        (iv) Return on TMSB Equity is calculated at 12% per annum up to 31 December 2012 (with no compounding) with deductions for any historical dividend payouts.
                          (v) Liabilities to be assumed are all the outstanding water-related debts owed by TMSB, which include:
                              a. Bonds acquired by Acqua SPV Berhad (“Acqua SPV”) or remaining in the capital markets;

                              b. Commercial loans, if applicable; and

                              c. Government loans, if applicable.

                      2.2 Payment Consideration
                          (i) The consideration for the proposed purchase of the TMSB Equity has been ascribed a value estimated at RM990.2 million, as further detailed below: -

                          Item
                          RM million
                          Equity contribution plus return on equity at 12% per annum
                          86.2
                          Water assets to-be acquired by PAAB
                          904.0
                          Total Value of TMSB Equity
                          990.2*
                            * The Total Value of TMSB Equity may be revised following the due diligence inquiry to be undertaken, referred to in paragraph 2.3 (iii).
                              Payment shall be in cash in respect of the portion ascribed to the equity contribution, as detailed in section 2.1 (iii) and (iv) above, on the understanding that the remaining value will be satisfied via the assumption by PAAB of liabilities of TMSB Equity.

                          (ii) The payment ascribed to the equity contribution referred to in paragraph 2.2(i) above shall, subject to such adjustments as are provided for therein, be notified by KDEB to the holders of the TMSB Equity and paid to holders of the TMSB Equity on a pro rata basis in accordance with the respective proportions of their holdings in the TMSB Equity after the conditions set out in paragraph 2.3 below have been fulfilled or (to the extent permitted by law) waived by KDEB.
                      2.3 Conditions of the Proposed Purchase

                      The Proposed Purchase is conditional upon the following: -
                          (i) Acceptance of the offer by all shareholders of TMSB by 5.00 p.m. (Malaysian time) on or before 4 December 2013;
                            (ii) Acceptance of the offer by KDEB for the acquisition of the equity interest of the other Selangor Water Companies by all those respective shareholders to whom such proposals are made by 5.00 p.m. (Malaysian time) on or before 4 December 2013;
                              (iii) Completion of a due diligence inquiry to be undertaken on TMSB and ABASS commencing seven (7) days from date of acceptance of the Offer and the results of such due diligence inquiry being satisfactory to KDEB;

                              (iv) All corporate approvals required by the shareholders of TMSB including, if applicable, the approval of minority shareholders of the companies at a general meeting of shareholders to be convened;

                              (v) Approval and consent of the Federal Government and all related agencies e.g. the Ministry of Energy, Green Energy and Water (“KeTTha”), the Economic Planning Unit and /or the Public Private Partnership Unit (“UKAS”);

                              (vi) Approval and consent of the Selangor State government and all related agencies e.g. Selangor Economic Planning Unit (“UPEN”) etc;

                              (vii) Approval of the National Water Services Commission (“SPAN”), the Securities Commission (“SC”), Bursa Malaysia Securities Berhad, if applicable;

                              (viii) Approval of the Acqua SPV and other creditors of TMSB and ABASS, where applicable;

                              (ix) The approval of any other authorities or parties, if required.
                        3. DIRECTORS AND MAJOR SHAREHOLDERS’ INTEREST

                            Save as disclosed below, to the best of our knowledge, there are no other Directors of Perangsang Selangor, major shareholders of Perangsang Selangor and/or person connected to them who are interested in the Proposed Purchase :

                            (i) KDEB, by virtue of it being a major shareholder of Perangsang Selangor and penultimate holding company of TMSB;

                            (ii) Perbadanan Kemajuan Negeri Selangor (“PKNS”), by virtue of it being connected party to KDEB and a substantial shareholder of Perangsang Selangor;

                            (iii) Tabung Warisan Negeri Selangor (“TWNS”), by virtue of it being a connected party to KDEB and a shareholder of Perangsang Selangor;

                            (iv) YM Raja Haji Idris Raja Kamarudin, a Non-Independent and Non-Executive Director and Chairman of Perangsang Selangor, is also a director of KDEB; and

                            (v) Encik Suhaimi Bin Kamaralzaman, the Group Chief Executive Officer / Managing Director of Perangsang Selangor, is also a director of KDEB.

                            (KDEB, PKNS and TWNS are collectively referred to as “Interested Major Shareholders”).

                            (YM Raja Haji Idris Raja Kamarudin and Encik Suhaimi Bin Kamaralzaman are collectively referred to as the “Interested Directors”)

                        4. CONCLUSION
                            The Board and Management of Perangsang Selangor will review the Offer from KDEB and will update the Exchange on further developments on this matter in due course.

                            The shareholders of Perangsang Selangor and potential investors are advised to exercise caution when dealing in the Company’s shares, as there is no certainty the Proposed Purchase may proceed or may result in a binding agreement.
                        This announcement is dated 21 November 2013.


                        MPCORP - MATERIAL LITIGATION

                        Announcement Type: General Announcement
                        Company NameMALAYSIA PACIFIC CORPORATION BERHAD  
                        Stock Name MPCORP  
                        Date Announced21 Nov 2013  
                        CategoryGeneral Announcement
                        Reference NoCC-131121-67819

                        TypeAnnouncement
                        SubjectMATERIAL LITIGATION
                        DescriptionMalaysia Pacific Corporation Berhad (“MPCB” or “the Company”)
                        -Joint Venture Agreement dated 20 August 2008 between AmanahRaya Development Sdn. Bhd. (“ADSB”) and Oriental Pearl City Properties Sdn. Bhd. (“Oriental”).
                        We refer to the announcements dated 29 February 2012, 26 March 2012, 25 May 2012, 6 June 2012, 1 October 2012, 31 January 2013, 24 October 2013, 25 October 2013, 30 October 2013 and 31 October 2013 pertaining to the subject matter. The terms herein shall bear the same meaning as defined in the said announcements.

                        The Board of Directors wishes to announce that on 18 November 2013, the High Court has allowed ADSB to withdraw the Writ of Summon dated 19 October 2013 against MPCORP and Oriental with liberty to file afresh and with costs of RM5,000 to be paid to the Company and Oriental.

                        The Company and Oriental (“Plaintiff”) has filed an Injunction Application dated 15 November 2013 (Kuala Lumpur High Court Originating Summons No.: 24NCC-265-11/2013) against ADSB and the Court has essentially granted the following interim injunction order:

                        a) ADSB is restrained until the disposal of the Notice of Application dated 15 November 2013, from filing, presenting and/or proceeding with any statutory notice pursuant to Section 218 of the Companies Act, 1965 against the Plaintiffs; and
                        b) ADSB is restrained until the disposal of the Notice of Application dated 15 November 2013, from filing, presenting and/or proceeding with any winding-up petition pursuant to Section 218 of the Companies Act, 1965 against the Plaintiffs.

                        Court further directed that:

                        a) the Defendant to file its reply by 26 November 2013;
                        b) the Plaintiffs to file its reply by 29 November 2013; and
                        c) the Hearing of the Notice of Application is fixed on 2 December 2013.

                        Further announcement will be made of at any material development changes as and when appropriate.

                        This announcement is dated 21 November 2013.


                        PUNCAK - OTHERS PUNCAK NIAGA HOLDINGS BERHAD (416087-U)("PUNCAK" OR "THE COMPANY") 1. CONSOLIDATION OF THE SELANGOR WATER INDUSTRY - INDICATIVE TERMS AND CONDITIONS FOR PROPOSED PURCHASE OF 100% EQUITY IN PUNCAK NIAGA (M) SDN BHD ("PNSB") 2. CONSOLIDATION OF THE SELANGOR WATER INDUSTRY - INDICATIVE TERMS AND CONDITIONS FOR THE PROPOSED PURCHASE OF 70% EQUITY IN SYARIKAT BEKALAN AIR SELANGOR SDN BHD ("SYABAS") OTHER THAN EQUITY ALREADY OWNED BY KUMPULAN DARUL EHSAN BERHAD ("KDEB")

                        Announcement Type: General Announcement
                        Company NamePUNCAK NIAGA HOLDINGS BERHAD  
                        Stock Name PUNCAK  
                        Date Announced21 Nov 2013  
                        CategoryGeneral Announcement
                        Reference NoPN-131121-7973E

                        TypeAnnouncement
                        SubjectOTHERS
                        DescriptionPUNCAK NIAGA HOLDINGS BERHAD (416087-U)("PUNCAK" OR "THE COMPANY")
                        1. CONSOLIDATION OF THE SELANGOR WATER INDUSTRY
                        - INDICATIVE TERMS AND CONDITIONS FOR PROPOSED PURCHASE OF 100% EQUITY IN PUNCAK NIAGA (M) SDN BHD ("PNSB")
                        2. CONSOLIDATION OF THE SELANGOR WATER INDUSTRY
                        - INDICATIVE TERMS AND CONDITIONS FOR THE PROPOSED PURCHASE OF 70% EQUITY IN SYARIKAT BEKALAN AIR SELANGOR SDN BHD ("SYABAS") OTHER THAN EQUITY ALREADY OWNED BY KUMPULAN DARUL EHSAN BERHAD ("KDEB")

                        The Company wishes to announce that it has on even date received two (2) hand-delivered letters at 5.00 p.m. in respect of the above matter from Kumpulan Darul Ehsan Berhad ("KDEB").

                        For full details of the announcement, please refer to the attached file.

                        This announcement is dated 21 November 2013.



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