November 14, 2013

Company announcements: OLDTOWN, MSM, PRESBHD, ARMADA, SUNWAY, KAREX

OLDTOWN - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameOLDTOWN BERHAD  
Stock Name OLDTOWN  
Date Announced14 Nov 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCK-131114-32C2F

Date of buy back14/11/2013
Description of shares purchasedOrdinary Shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)100,000
Minimum price paid for each share purchased ($$)2.400
Maximum price paid for each share purchased ($$)2.400
Total consideration paid ($$)240,000.00
Number of shares purchased retained in treasury (units)100,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)310,000
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 (%)0.085


MSM - First Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameMSM MALAYSIA HOLDINGS BERHAD  
Stock Name MSM  
Date Announced14 Nov 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoMH-131114-44672

EX-date11/12/2013
Entitlement date13/12/2013
Entitlement time04:00:00 PM
Entitlement subjectFirst Interim Dividend
Entitlement descriptionSingle Tier Interim Dividend of 10.0 sen per share
Period of interest payment to
Financial Year End31/12/2013
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noSymphony Share Registrars Sdn Bhd
Level 6, Symphony House, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya, Selangor Darul Ehsan
Tel: 03-7841 8000
Fax: 03-7841 8151
Payment date 27/12/2013
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers13/12/2013 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.1


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

Announcement Type: Financial Results
Company NameMSM MALAYSIA HOLDINGS BERHAD  
Stock Name MSM  
Date Announced14 Nov 2013  
CategoryFinancial Results
Reference NoMH-131114-43367

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
545,588
610,977
1,665,151
1,688,840
2Profit/(loss) before tax
97,340
59,639
303,394
216,121
3Profit/(loss) for the period
74,204
42,962
228,741
162,160
4Profit/(loss) attributable to ordinary equity holders of the parent
74,204
42,962
228,741
162,160
5Basic earnings/(loss) per share (Subunit)
10.56
6.11
32.54
23.07
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 ($$)
2.7000
2.4900
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


PRESBHD - OTHERS PRESTARIANG BERHAD (“PRESTARIANG” OR THE “COMPANY”) - ACQUISITION OF ORDINARY SHARES IN TIME OUT SKILLS ACADEMY SDN. BHD

Announcement Type: General Announcement
Company NamePRESTARIANG BERHAD  
Stock Name PRESBHD  
Date Announced14 Nov 2013  
CategoryGeneral Announcement
Reference NoCS-131114-84AB1

TypeAnnouncement
SubjectOTHERS
DescriptionPRESTARIANG BERHAD (“PRESTARIANG” OR THE “COMPANY”)
- ACQUISITION OF ORDINARY SHARES IN TIME OUT SKILLS ACADEMY SDN. BHD

Introduction

That pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Prestariang wishes to inform that Prestariang O&G Sdn. Bhd., a wholly-owned subsidiary of the Company had on 14 November 2013 entered into a Sale and Purchase of Shares Agreement with Badrinna Binti Suhaili, Lokman Bin Ab Majid, Iryan Bin Suhaili and Time Out Skills Academy Sdn. Bhd. (Company No. 1023720-U) (“TOS”) for the acquisition of 240,000 ordinary shares of RM1.00 each fully paid-up in the capital of TOS, representing 80% equity interests in TOS at a total purchase consideration of RM640,000/-. (“Acquisition”).

Following the Acquisition, TOS became a 80% - subsidiary of Prestariang O&G Sdn. Bhd. The name of TOS is proposed to be changed to Prestariang Academy Sdn. Bhd., subject to the approval of the Companies Commission of Malaysia.

Introduction

TOS was incorporated as a private company limited by shares. The authorised share capital of TOS is RM500,000/- divided into 500,000 ordinary shares of RM1.00 each. The present issued and paid-up share capital of TOS is RM300,000/- divided into 300,000 ordinary shares of RM1.00 each. TOS is engaged in the business of training, technical skill courses that provides professionals and management consultancy services for training in the oil and gas sector.


Basis of arriving at the purchase consideration

The purchase consideration was arrived at on the basis of a willing seller and a willing buyer.

Source of funding

The purchase consideration is to be satisfied entirely by cash.

Rationale of the Acquisition

The Acquisition is intended for Prestariang’s future growth, focusing on business in providing skills training programs and high quality education inter alia operation and maintenance technician, pipefitters, control and automation technician, offshore catering crews, riggers, and roustabouts, materials planner / controller and mechanics / millwright in relation to the oil and gas and related industry.

Financial effects

The Acquisition is not expected to have any material effect on the earnings and net assets of Prestariang for the financial year ending 31 December 2013.


Directors’ and major shareholders’ interest

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


Statement by Directors

The Board of Directors of Prestariang, having considered all aspects of the Acquisition, is of the opinion that the Acquisition is fair and reasonable and is in the best interest of the Company.


This Announcement is dated 14 November 2013.


PRESBHD - OTHERS PRESTARIANG BERHAD (“PRESTARIANG” OR THE “COMPANY”) - LETTER OF AWARD FROM YAYASAN PENERAJU PENDIDIKAN BUMIPUTRA

Announcement Type: General Announcement
Company NamePRESTARIANG BERHAD  
Stock Name PRESBHD  
Date Announced14 Nov 2013  
CategoryGeneral Announcement
Reference NoCS-131114-84AB2

TypeAnnouncement
SubjectOTHERS
DescriptionPRESTARIANG BERHAD (“PRESTARIANG” OR THE “COMPANY”)
- LETTER OF AWARD FROM YAYASAN PENERAJU PENDIDIKAN BUMIPUTRA
1. INTRODUCTION

The Company is pleased to announce that its wholly-owned subsidiary, Prestariang Systems Sdn Bhd (“PSSB”) had received the Letter of Award dated 14 November 2013 from Yayasan Peneraju Pendidikan Bumiputera (“YPPB”) appointing PSSB as the service provider for skills training certification in oil and gas for riggers, scaffolders and pipefitters under the Peneraju Tunas Iltizam Programme. The total programme cost is RM2,262,000/- .

2. INFORMATION ON THE TRADEMEN SKILLS TRAINING

YPPB is an initiative under the 'Hala Tuju Ekonomi Bumiputera' launched through TERAJU under the Economic Planning Unit, Prime Minister's Office that focuses on the strengthening of Bumiputera's capacity building. The objectives include increasing the quality, quantity and relevance of Bumiputera talents in line with the Government's effort to lead Malaysia to a high income nation status through academic and vocational education. YPPB's task is to ensure that the capabilities and expertise of the Bumiputera will continue to develop competitively at the global level through quality education.

PSSB was awarded the contract to provide tradesmen skills training for 240 students.

The target group for the training shall be for Bumiputera youths with a household income of RM3,000/- and below.

The contractual period shall be for a period of 2 years encompassing 3 months of certification programme for rigger and scaffolder and 6 months of certification programme for pipefitter and 1 year of monitoring trainees post programme during employment.

This contract is subject to annual renewal for future intakes, subject to satisfactory performance.

3. FINANCIAL EFFECTS

The supply of tradesmen skill training is expected to contribute positively to the future earnings, net assets per share and gearing of Prestariang Group.

The supply of tradesmen skill training will not have any effect on the share capital and substantial shareholders’ shareholding of Prestariang.

4. RISK FACTORS

Subject to various commercial and financial risk factors which include, inter alia, the general business risks inherent in the training and certification business, changes in political, economic and regulatory conditions, this proposed supply of tradesmen skill training has relatively low execution risk given the Company’s core competence and experience in the training and certification business.

5. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTEREST

None of the Directors and/or major shareholders or any person connected to the Directors and/or major shareholders of Prestariang has any interest, either direct or indirect in the abovementioned matter.

6. DIRECTORS' STATEMENT

The Board of Directors of Prestariang is of the opinion that the supply of tradesmen skill training is in the ordinary course of business and is in the best interests of the Company.

This announcement is dated 14 November 2013.



ARMADA - 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 NameBUMI ARMADA BERHAD  
Stock Name ARMADA  
Date Announced14 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBA-131114-38567

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 RM0.20 each in Bumi Armada Berhad ("BAB Shares")
Name & address of registered holderEmployees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (AMUNDI)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (AM INV)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (MAYBAN)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (KAF FM)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (NOMURA)
Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident FD BD (ARIM)
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)
Acquired11/11/2013
490,700
 

Circumstances by reason of which change has occurredAcquisition of 490,700 BAB Shares registered under Citigroup Nominees (Tempatan) Sdn Bhd- Employees Provident Fund Board.
Nature of interestDirect
Direct (units)179,846,100 
Direct (%)6.13 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change179,846,100
Date of notice12/11/2013

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 12 November 2013 received by the Company on 14 November 2013.

The registered holders of the 179,846,100 BAB Shares are as follows:

1. Employees Provident Fund Board
- in respect of 1,500,000 BAB Shares

2. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
- in respect of 158,479,400 BAB Shares

3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (AMUNDI)
- in respect of 3,320,000 BAB Shares

4. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (AM INV)
- in respect of 5,287,800 BAB Shares

5. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (MAYBAN)
- in respect of 678,900 BAB Shares

6. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (KAF FM)
- in respect of 1,500,000 BAB Shares

7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (NOMURA)
- in respect of 7,580,000 BAB Shares

8. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (ARIM)
- in respect of 1,500,000 BAB Shares


SUNWAY - OTHERS SUNWAY BERHAD ("SUNWAY") - TARGETED DATE OF RELEASE OF UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2013

Announcement Type: General Announcement
Company NameSUNWAY BERHAD  
Stock Name SUNWAY  
Date Announced14 Nov 2013  
CategoryGeneral Announcement
Reference NoSS-131114-8045D

TypeAnnouncement
SubjectOTHERS
DescriptionSUNWAY BERHAD ("SUNWAY")
- TARGETED DATE OF RELEASE OF UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2013
We wish to announce that Sunway targets to release its unaudited financial results for the third quarter ended 30 September 2013 after 5.00 p.m. on Friday, 29 November 2013.
This announcement is dated 14 November 2013.


SUNWAY - OTHERS SUNWAY BERHAD (“SUNWAY”) - SHARE SALE AGREEMENT AND SHAREHOLDERS AGREEMENT WITH MILLENNIUM PAVILION SDN BHD

Announcement Type: General Announcement
Company NameSUNWAY BERHAD  
Stock Name SUNWAY  
Date Announced14 Nov 2013  
CategoryGeneral Announcement
Reference NoSS-131114-8045E

TypeAnnouncement
SubjectOTHERS
DescriptionSUNWAY BERHAD (“SUNWAY”)
- SHARE SALE AGREEMENT AND SHAREHOLDERS AGREEMENT WITH MILLENNIUM PAVILION SDN BHD
We refer to our announcements dated 15 August 2013 and 1 November 2013 in relation to the execution of the following agreements between Sunway and Millennium Pavilion Sdn Bhd (“MPSB”) on 14 August 2013:-
(a) Share Sale Agreement for the purpose of disposing 200,000 ordinary shares of RM1/- each, representing 20% of the issued and paid-up share capital of Sunway REIT Management Sdn Bhd (“SRM”) to MPSB free from all encumbrances, claims, charges, liens and equities and with all rights attaching thereto at a total consideration of RM28,000,000/- (“Proposed Disposal”); and

(b) Shareholders Agreement for the purpose of regulating the relationship between Sunway and MPSB as shareholders of SRM.
    The Board of Directors of Sunway is pleased to announce that the Proposed Disposal is completed on 14 November 2013.

    This announcement is dated 14 November 2013.


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

    Announcement Type: Financial Results
    Company NameKAREX BERHAD  
    Stock Name KAREX  
    Date Announced14 Nov 2013  
    CategoryFinancial Results
    Reference NoCA-131114-53958

    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
    0
    0
    0
    0
    2Profit/(loss) before tax
    -457
    0
    -457
    0
    3Profit/(loss) for the period
    -457
    0
    -457
    0
    4Profit/(loss) attributable to ordinary equity holders of the parent
    -457
    0
    -457
    0
    5Basic earnings/(loss) per share (Subunit)
    -2.29
    0.00
    -2.29
    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 ($$)
    0.5200
    0.0000

    Remarks :
    As at preceding financial year end, the net assets per share attributable to ordinary equity holders of the parent was -RM79,000.
    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


    KAREX - Change in Audit Committee

    Announcement Type: Change in Audit Committee
    Company NameKAREX BERHAD  
    Stock Name KAREX  
    Date Announced14 Nov 2013  
    CategoryChange in Audit Committee
    Reference NoCA-131114-54946

    Date of change14/11/2013
    NameDato' Dr. Ong Eng Long @ Ong Siew Chuan
    Age69
    NationalityMalaysian
    Type of changeAppointment
    DesignationMember of Audit Committee
    DirectorateIndependent & Non Executive
    QualificationsDato’ Dr. Ong Eng Long graduated from University of Malaya with a Bachelor of Chemistry degree in 1969 and obtained a PhD of Philosophy from Queen Mary College, London in 1973. 
    Working experience and occupation Dato' Dr. Ong started off at the Rubber Research Institute of Malaysia (“RRIM”) as a Senior Research Officer in 1973. He has held different positions in RRIM up to 1998 when it merged with two (2) other organisations to form the Malaysian Rubber Board.

    He was the former Deputy Director General of the Malaysian Rubber Board from 1998 to May 2001 and the former Deputy CEO of Malaysian Rubber Export Promotion Council from 2001 to 2008.

    Dato' Dr. Ong Eng Long has been the Technical Adviser for Kossan Rubber Industries Bhd since July 2008, the Chairman of ISO/TC 157 Non-Systemic Contraceptives and STI Barrier Prophylactics since 2007 and the Chairman of ISO/TC 45 SC4 Rubber Products Other Than Hoses since 2005. ISO/TC 157 is the technical committee that is responsible for, amongst others, the international condom standards while ISO/TC 45 is responsible for, also amongst others, international rubber glove standards. He has been involved with standards development for the past two (2) decades. Dato' Dr. Ong has more than 150 publications in areas of rubber physics and latex dipped products.

    Dato’ Dr. Ong Eng Long is a council member of the Institute of Chemistry, Malaysia since 2001. He is also a member of the advisory group to the Moody International Certification (Malaysia) Sdn. Bhd. Dato’ Dr. Ong Eng Long is also the President of the Malaysian Rubber Product Manufacturers’ Association. 
    Directorship of public companies (if any)Nil 
    Family relationship with any director and/or major shareholder of the listed issuerNil 
    Any conflict of interests that he/she has with the listed issuerNil 
    Details of any interest in the securities of the listed issuer or its subsidiaries100,000 Ordinary shares of RM0.25 each via IPO 
    Composition of Audit Committee (Name and Directorate of members after change)(1) Wong Yien Kim (Independent Non-Executive Chairman)
    (2) Tan Sri Dato' Seri Arshad Bin Ayub (Independent Non-Executive Member)
    (3) Law Ngee Song (Independent Non-Executive Member)
    (4) Dato' Dr. Ong Eng Long @ Ong Siew Chuan (Independent Non-Executive Member)


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