PETDAG - OTHERS DISPOSAL OF PDB’S ENTIRE 20% EQUITY INTEREST IN ASSAR CHEMICALS DUA SDN. BHD.; AND ESTABLISHMENT OF A JOINT VENTURE COMPANY NAMED TANJUNG MANIS OIL TERMINAL MANAGEMENT SDN BHD WITH SENARI SYNERGY SDN. BHD. AND SHELL TIMUR SDN. BHD.
| Company Name | PETRONAS DAGANGAN BHD |
| Stock Name | PETDAG |
| Date Announced | 27 Nov 2013 |
| Category | General Announcement |
| Reference No | PD-131127-55329 |
| Type | Announcement | ||||||||||
| Subject | OTHERS | ||||||||||
| Description | DISPOSAL OF PDB’S ENTIRE 20% EQUITY INTEREST IN ASSAR CHEMICALS DUA SDN. BHD.; AND ESTABLISHMENT OF A JOINT VENTURE COMPANY NAMED TANJUNG MANIS OIL TERMINAL MANAGEMENT SDN BHD WITH SENARI SYNERGY SDN. BHD. AND SHELL TIMUR SDN. BHD. | ||||||||||
1. PARTICULARS OF TRANSACTION Pursuant to Paragraph 10.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, PETRONAS Dagangan Berhad (“PDB”) wishes to announce that pursuant to an operational realignment, PDB and Shell Timur Sdn. Bhd. (“STSB”) have today entered into a Share Sale Agreement with Senari Synergy Sdn. Bhd. (“Senari”) to dispose their respective entire 20% equity interest representing 280,000 ordinary shares and 1,120,000 redeemable preference shares having a par value of RM1.00 and premium value of RM3.75 each (“Disposal”) in Assar Chemicals Dua Sdn Bhd (“ACDSB”) to Senari. The total cash consideration for PDB’s Disposal is RM6.5 million. The existing principal activity of ACDSB is to build, own and operate a petroleum storage terminal known as Central Oil Distribution Terminal (“CODT”) located at Bandar Baru Tanjung Manis, Mukah, Sarawak. 2. ESTABLISHMENT OF JOINT VENTURE COMPANY Concurrently, PDB and STSB signed a Shareholders’ Agreement with Senari to establish a joint-venture company named Tanjung Manis Oil Terminal Management Sdn Bhd (“TMOTM”). The initial capital of TMOTM will be RM1,650,000 divided into 1,650,000 ordinary shares of RM1.00 each. The initial share capital to be issued by TMOTM to PDB shall be 330,000 ordinary shares of RM1.00 each amounting to RM330,000. The proportions of shareholdings held by the parties in TMOTM are as follows:-
Under the operational realignment, ACDSB will continue to own CODT whilst TMOTM will operate CODT. 3. INTERESTS OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND PERSONS CONNECTED TO THEM To the best of our knowledge, none of PDB’s Directors, Substantial Shareholders and persons connected to them has any direct or indirect interest in the Disposal and establishment of joint venture company. This announcement is dated 27 November 2013
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CHHB - MATERIAL LITIGATION
| Company Name | COUNTRY HEIGHTS HOLDINGS BHD |
| Stock Name | CHHB |
| Date Announced | 27 Nov 2013 |
| Category | General Announcement |
| Reference No | CH-131127-54599 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | COUNTRY HEIGHTS HOLDINGS BERHAD - DEVELOPMENT ON LITIGATION |
Further to the announcement made on 19 November 2013 on the Third Quarterly Results ended 30 September 2013, Country Heights Holdings Berhad ("CHHB" or "the Company") wishes to update on the material litigation on Note 27(a) as follows:- On 26 August 2008, Singham Sulaiman Sdn Bhd (Trading as Jones Lang Wootton) as the Plaintiff has through its solicitors issued and sent to CHHB as the 1st Defendant and Mega Palm Sdn Bhd as the 2nd Defendant (collectively called "the Defendants") a demand notice dated 26 August 2008 demanding a sum of RM1,214,069.47 together with late payment charges of 1.25% per month on the outstanding sum beginning from 27 July 2008 till full settlement to be paid by the Defendants for an alleged payment of real estate agency fees. Subsequently, a Summons dated 16 April 2009 was filed against the Defendants. The Plaintiff's suit against the 1st Defendant was earlier struck out and the trial against the 2nd Defendant proceeded on 7, 8 and 9 January 2013. On 7 March 2013, the Court dismissed the Plaintiff's claims against the 2nd Defendant and awarded costs in the sum of RM35,000.00. The Plaintiff has on 1 April 2013 filed a Notice of Appeal against the decision of the High Court to dismiss their claim against the 2nd Defendant and ordering costs in the sum of RM35,000.00. Solicitors for the 2nd Defendant have on 14 June 2013 received payment for the costs. No date was fixed for hearing of the appeal. However, on 27 November 2013, the Plaintiff has vide its Solicitors filed a Notice of Discontinuance of their appeal against the decision of the High Court to dismiss their claim against the 2nd Defendant. This announcement is dated 27 November 2013. | |
KPJ - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | KPJ HEALTHCARE BERHAD |
| Stock Name | KPJ |
| Date Announced | 27 Nov 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | JC-131127-FDA44 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.50 each |
| Name & address of registered holder | CitiGroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 22/11/2013 | 14,000 |
| Remarks : |
| The notice dated 25 November 2013 was received via courier on 27 November 2013. |
P&O - Notice of Shares Buy Back - Immediate Announcement
| Company Name | PACIFIC & ORIENT BERHAD |
| Stock Name | P&O |
| Date Announced | 27 Nov 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | P&-131127-62541 |
KIALIM - Quarterly rpt on consolidated results for the financial period ended 30/9/2013
| Company Name | KIA LIM BERHAD |
| Stock Name | KIALIM |
| Date Announced | 27 Nov 2013 |
| Category | Financial Results |
| Reference No | CC-131127-07F60 |
| Financial Year End | 31/12/2013 |
| Quarter | 3 |
| Quarterly report for the financial period ended | 30/09/2013 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION30/09/2013 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 16,817 | 15,535 | 49,622 | 49,960 |
| 2 | Profit/(loss) before tax | 1,847 | 839 | 3,855 | 4,812 |
| 3 | Profit/(loss) for the period | 1,847 | 839 | 3,855 | 4,812 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 1,847 | 839 | 3,855 | 4,812 |
| 5 | Basic earnings/(loss) per share (Subunit) | 2.98 | 1.35 | 6.22 | 7.77 |
| 6 | Proposed/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 ($$) | 1.1542 | 1.0920 | ||
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
PDZ - Quarterly rpt on consolidated results for the financial period ended 30/9/2013
| Company Name | PDZ HOLDINGS BHD |
| Stock Name | PDZ |
| Date Announced | 27 Nov 2013 |
| Category | Financial Results |
| Reference No | CQ-131126-53383 |
| Financial Year End | 30/06/2014 |
| Quarter | 1 |
| Quarterly report for the financial period ended | 30/09/2013 |
| The figures | have not been audited |
| Remarks : |
| Copy To: Securities Commission |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION30/09/2013 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 43,602 | 53,386 | 43,602 | 53,386 |
| 2 | Profit/(loss) before tax | 1,402 | 420 | 1,402 | 420 |
| 3 | Profit/(loss) for the period | 1,111 | 106 | 1,111 | 106 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 778 | -265 | 778 | -265 |
| 5 | Basic earnings/(loss) per share (Subunit) | 0.09 | -0.03 | 0.09 | -0.03 |
| 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.1100 | 0.1100 | ||
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
DELLOYD - Notice of Shares Buy Back - Immediate Announcement
| Company Name | DELLOYD VENTURES BERHAD |
| Stock Name | DELLOYD |
| Date Announced | 27 Nov 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CN-131127-2C217 |
| Remarks : |
| Our Ref:SBB/CS/11-13/520 |
MPCORP - BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS MALAYSIA PACIFIC CORPORATION BERHAD FOR BREACH OF LISTING REQUIREMENTS
| Company Name | MALAYSIA PACIFIC CORPORATION BERHAD |
| Stock Name | MPCORP |
| Date Announced | 27 Nov 2013 |
| Category | Listing Circular |
| Reference No | CW-131127-61830 |
LISTING'S CIRCULAR NO. L/Q : 69318 OF 2013
Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded Malaysia Pacific Corporation Berhad (MPCORP or the Company) for breaching paragraphs 9.03(1) and 9.04(l) of the Listing Requirements of Bursa Malaysia Securities (LR) read together with paragraph 2.1(d) of Practice Note 1/2001 (PN1) for failing to make an immediate announcement in respect of the default in payments of the overdraft and revolving credit facilities granted by RHB Bank Berhad (RHB) to MPCORP.
Pursuant to paragraphs 9.03(1) and 9.04(l) of the LR and paragraph 2.1(d) of PN1, a listed issuer must make an immediate announcement of default in payments of either interest or principal sums or both in respect of a credit facility where the credit facility is 5% or more of the net assets of the listed issuer.
The public reprimand was imposed pursuant to paragraph 16.17(1) of the LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.
While Bursa Malaysia Securities has not found any of MPCORP’s directors to have caused or permitted the breach by the Company, Bursa Malaysia Securities wishes to highlight that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the listing requirements. The Board of Directors of MPCORP at the material time of default were as follows:-
- Seow Thiam Fatt
- Datuk Kamaruddin Bin Taib
- Teh Leong Kiat
- Dato' Abdul Karim Bin Marzuki
- Ch'ng Soon Sen
- Datin Kong Yuk Chu
- Dato' Syed Hussien Bin Abd Kadir
- Wong Seng Huat
Bursa Malaysia Securities views the contravention seriously and has reminded MPCORP and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.
BACKGROUND
MPCORP had on 12 March 2013 announced the default in payment of principal and interests on the overdraft and revolving credit facilities granted by RHB.
However, it was noted that:
- RHB had vide letter dated 12 February 2007 informed the Company of the excess in its overdraft facilities where its two current accounts were in overdrawn position by RM629,215.85 as at 31 January 2007 and had exceeded the approved overdraft limit of RM43,000.000 due to interests in arrears since 30 November 2006. In addition, RHB’s solicitors, Messrs Azhar & Goh had on 18 February 2008 issued a letter of demand (LOD) to demand payment of the overdue interest in relation to the overdraft facilities of RM3,691,908.53 as at 31 January 2008; and
- Messrs Azhar & Goh had also issued a LOD dated 27 February 2008 to demand the payment of the outstanding sum of RM29,132,518.05 due as at 31 January 2008 in respect of the revolving credit facilities of RM25,704,110.94.
The total overdraft and revolving credit facilities (including interest) in default amounting to RM76,224,426.58 as at 31 January 2008 represented approximately 49% of the Company’s net assets of RM156,116,000 and 44.2% of the Company’s total borrowings of RM172,308,000 as at financial year ended 30 June 2007.
In addition, MPCORP’s share price had also decreased by RM0.06 / 16.4% from RM0.365 on 12 March 2013 to RM0.305 on 13 March 2013, i.e. the next market day upon the PN1 announcement made by the Company.
BCB - Annual Report 2013
| Company Name | BCB BERHAD |
| Stock Name | BCB |
| Date Announced | 27 Nov 2013 |
| Category | Document Receipt |
| Reference No | JM-131127-62192 |
| Annual Report for Financial Year Ended | 30/06/2013 |
| Subject | Annual Report 2013 |
PUNCAK - Changes in Sub. S-hldr's Int. (29B) - GREAT EASTERN HOLDINGS LIMITED
| Company Name | PUNCAK NIAGA HOLDINGS BERHAD |
| Stock Name | PUNCAK |
| Date Announced | 27 Nov 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PN-131127-B440E |
Particulars of substantial Securities Holder
| Name | GREAT EASTERN HOLDINGS LIMITED |
| Address | 1 Pickering Street #16-01 Great Eastern Centre Singapore 048659 |
| NRIC/Passport No/Company No. | 199903008M |
| Nationality/Country of incorporation | Singapore |
| Descriptions (Class & nominal value) | Ordinary shares of RM1.00 each |
| Name & address of registered holder | Great Eastern Holdings Limited 1 Pickering Street #16-01 Great Eastern Centre Singapore 048659 |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 22/11/2013 | 5,000 | |
| Disposed | 25/11/2013 | 726,700 |
| Remarks : |
| Deemed Interest 1. Malaysia Nominees (Tempatan) Sdn Bhd - for A/C Great Eastern Life Assurance (Malaysia) Bhd : 15,963,500 - for A/C Overseas Assurance (Malaysia) Bhd :290,000 - for A/C Great Eastern Takaful Sdn Bhd : 90,000 2. AmTrustee Bhd - a/c for Pacific Dividend Fund : 1,307,500 - a/c for Malaysia France Institute Sdn Bhd : 67,800 - a/c for Pacific Pearl Fund : 899,100 - a/c for Pacific SELECT Balance Fund : 34,500 - a/c for Koperasi Angkatan Tentera Malaysia : 91,600 - a/c for Malakoff Corporation Bhd - Staff Retirement Benefits Scheme : 99,500 - a/c for Pacific ELITE Dividend Fund : 283,400 - a/c for Cheah Eng Chuan : 13,500 - a/c for Wong Ah Moy @ Wong Yoke Len : 24,000 - a/c for BAZ Sdn Bhd : 7,900 3. CIMB Commerce Trustee Berhad - a/c for Pacific Recovery Fund : 347,500 - a/c for Pacific Millennium Fund : 203,400 4. CIMB Islamic Trustee Berhad - a/c for Pacific ELIT Dana Aman : 28,000 - a/c for Pacific Dana Aman : 746,500 5. HSBC (Malaysia) Trustee Bhd - a/c for HSBC Amanah Takaful Islamic Equity Portfolio: 56,000 - a/c for HSBC Amanah LifeSelect Equity Fund:Nil - a/c for Pacific Dana Dividen : 110,900 - a/c for Pertubuhan Keselamatan Sosial : 179,100 6. Universal Trustee (Malaysia) Bhd - a/c for Pacific Premier Fund : 475,000 ----------- 21,318,700 =========== |
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