December 31, 2013

Company announcements: AXIATA, VS, PETONE, UNIMECH, TAWIN, OCTAGON, FURNWEB, KBB, KEN, RUBEREX

AXIATA - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced31 Dec 2013  
CategoryChange in Principal Officer
Reference NoAG-131224-76627

Date of change01/01/2014
NameChari Thandalam Veeravalli Thirumala
Age57
NationalityIndian
Type of changeAppointment
DesignationChief Financial Officer
QualificationsMBA - State University of New York at Buffalo

Fellow member of the Chartered Institute of Management Accountants, UK

Associate Member of the Institute of Chartered Accountants of India

Associate Member of the Institute of Cost and Works Accountants of India

Attended management training at Babson College, US

Attended senior leadership training in Singapore and US
Working experience and occupation Chari was appointed as the Chief Financial Officer of Celcom Axiata Berhad on 8 May 2009. Prior to this assignment, Chari was the Vice President, Sales, HP Financial Services Asia Pacific and Japan. Chari had worked in HP for over 20 years of which 10 years was in senior finance positions in various countries (Hongkong, Malaysia, Thailand and Singapore) and 10 years heading Sales and Marketing for Asia Pac, Vice President of Personal Systems Group for South East Asia and Taiwan. Director of Commercial PC Group and Channel Management.
Family relationship with any director and/or major shareholder of the listed issuerNil
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNil
Details of any interest in the securities of the listed issuer or its subsidiariesNil

Remarks :
His position in Axiata Group Berhad is as the Group Chief Financial Officer


VS - Quarterly rpt on consolidated results for the financial period ended 31/10/2013 (Amended Announcement)

Announcement Type: Financial Results
Company NameV.S. INDUSTRY BERHAD  
Stock Name VS  
Date Announced31 Dec 2013  
CategoryFinancial Results
Reference NoVI-131231-63890

Financial Year End31/07/2014
Quarter1
Quarterly report for the financial period ended31/10/2013
The figureshave not been audited

Attachments

qr-Oct 13.pdf
107 KB


Remarks :
The entitlement date for the First Interim Single Tier Dividend of 2.2 sen per ordinary share of RM1.00 each as disclosed under item 23 in the attached Interim Financial Report is 20 January 2014 instead of 17 January 2014.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/10/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/10/2013
31/10/2012
31/10/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
437,263
327,839
437,263
327,839
2Profit/(loss) before tax
10,180
10,465
10,180
10,465
3Profit/(loss) for the period
7,468
7,787
7,468
7,787
4Profit/(loss) attributable to ordinary equity holders of the parent
9,562
7,663
9,562
7,663
5Basic earnings/(loss) per share (Subunit)
5.28
4.23
5.28
4.23
6Proposed/Declared dividend per share (Subunit)
2.20
2.00
2.20
2.00


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 ($$)
2.6500
2.6500
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


PETONE - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NamePETROL ONE RESOURCES BERHAD  
Stock Name PETONE  
Date Announced31 Dec 2013  
CategoryGeneral Announcement
Reference NoCS-131231-3C8CC

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionPETROL ONE RESOURCES BERHAD (“THE COMPANY” OR “PETONE”)
- MONTHLY ANNOUNCEMENT ON DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 OF THE MAIN MARKET LISTING REQUIREMENTS ("MMLR") OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”)
In compliance with paragraph 3.2(a) of Practice Note 1/2001 and further to the announcements made on 13 June 2012, 18 June 2012, 31 July 2012, 30 August 2012, 28 September 2012, 31 October 2012, 30 November 2012, 31 December 2012, 31 January 2013, 28 February 2013, 29 March 2013, 30 April 2013, 31 May 2013, 28 June 2013, 31 July 2013, 30 August 2013, 30 September 2013, 31 October 2013 and 29 November 2013, the Board of Directors of PETONE wishes to inform that the defaulted debts will be fully dealt with in the manner as prescribed in the Debt Settlement Agreement entered between PETONE, Arus Dermaga Sdn. Bhd. and RHB Investment Bank Berhad on 24 December 2013 as detailed in the Company’s announcement dated 26 December 2013.

Further developments of the above matter will be announced on Bursa Securities in due course.

This announcement is dated 31 December 2013.


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

Announcement Type: General Announcement
Company NameUNIMECH GROUP BERHAD  
Stock Name UNIMECH  
Date Announced31 Dec 2013  
CategoryGeneral Announcement
Reference NoUG-131231-45822

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionInvestment in Fajar Untung Sdn. Bhd.

Introduction

Unimech Capital Sdn. Bhd. (“UCSB”), a wholly owned subsidiary of Unimech Group Berhad (“UGB”) had on 31 December 2013 acquired 2 ordinary shares of RM1.00 each representing 100% of the total issued and paid-up capital of Fajar Untung Sdn. Bhd. (Company No. 1058506-P) (“FUSB”) for a total cash consideration of RM2.00 only (“the Acquisition”) from Mr. Liew Kue Len and Mr. Sim Kim Cheng. In consequent thereof, FUSB became a wholly-owned subsidiary of UCSB.

The Acquisition is sourced from UCSB’s own internally generated fund.

Information on FUSB

FUSB was incorporated on 16 August 2013 under the Companies Act, 1965 as a private limited company. The current authorised share capital of FUSB is RM400,000 comprising 400,000 ordinary shares of RM1.00 each and its current paid up capital is RM2.00.

The principal activity of FUSB is investment holding.

Financial Effects

The Acquisition will not have any material effect on the net assets per share, earnings per share and gearing of UGB for the financial year ended 31 December 2013.

The Acquisition also has no effect on the share capital and substantial shareholders’ shareholding of UGB.

No liability would be assumed by UGB in its investment in FUSB.

Directors’ and Major Shareholders’ Interest

None of the directors and major shareholders or person connected to the directors or major shareholders have any interest, direct or indirect in the Acquisition.

Approval Required

The Acquisition is not subject to the approval of the shareholders of UGB or any other government authorities.

Statement by the Board of Directors

The Board of Directors is of the opinion that the Acquisition is in the best interest of UGB.

Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

The highest percentage ratio pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad applicable to the Acquisition is negligible.

This announcement is dated 31 December 2013


TAWIN - OTHERS TA WIN HOLDINGS BERHAD (“TA WIN” OR THE “COMPANY”) - SETTLEMENT OF DEBT AND CAPITALISATION BY TWIN INDUSTRIAL (H.K.) CO. LTD, THE WHOLLY-OWNED SUBSIDIARY OF THE COMPANY - ASSIGNMENT OF TRADE BALANCES BY TA WIN INDUSTRIES (M) SDN. BHD., THE WHOLLY-OWNED SUBSIDIARY OF THE COMPANY TO TA WIN

Announcement Type: General Announcement
Company NameTA WIN HOLDINGS BERHAD  
Stock Name TAWIN  
Date Announced31 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131231-37870

TypeAnnouncement
SubjectOTHERS
DescriptionTA WIN HOLDINGS BERHAD (“TA WIN” OR THE “COMPANY”)
- SETTLEMENT OF DEBT AND CAPITALISATION BY TWIN INDUSTRIAL (H.K.) CO. LTD, THE WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
- ASSIGNMENT OF TRADE BALANCES BY TA WIN INDUSTRIES (M) SDN. BHD., THE WHOLLY-OWNED SUBSIDIARY OF THE COMPANY TO TA WIN

The Board of Directors of Ta Win Holdings Berhad (“Ta Win” or “Company”) wishes to announce that TWIN INDUSTRIAL (H.K.) CO. LTD. (Registration Number 258865) (“TWIN”), the wholly-owned subsidiary of the Company had on 31 December 2013 issued 30,260,000 ordinary shares of HKD1.00 each at an issue price of HKD1.00 per share to Ta Win to settle the trade balance of approximately HKD30,260,000.00 (or an equivalent of RM12,406,600.00 based on the exchange rate of RM1.00 : HKD2.439 as at 30 September 2013), whereby TWIN will remain a wholly-owned subsidiary of Ta Win, albeit with an enlarged issued and paid-up share capital (hereinafter referred to as “the Settlement Debt & Capitalisation”).

To facilitate, inter-alia, the Settlement Debt & Capitalisation, TA WIN INDUSTRIES (M) SDN. BHD.(Company No.193324-U) (“TWI”), the wholly-owned subsidiary of the Company had assigned approximately HKD30,260,000.00 (or an equivalent of RM12,406,600 based on the exchange rate of RM1.00 : HKD2.439 as at 30 September 2013), being an aggregate amount trade balances presently owing by TWIN INDUSTRIAL (H.K.) CO. LTD. (Registration Number 258865) (“TWIN”), the wholly-owned subsidiary of the Company to TWI, to Ta Win (hereinafter referred to as “the Assignment of Debt”).

The Assignment of Debt is to be completed prior to the Settlement Debt & Capitalisation.

Please refer to the attachment for the announcement details.

This announcement is dated 31 December, 2013.



OCTAGON - Quarterly rpt on consolidated results for the financial period ended 31/10/2013

Announcement Type: Financial Results
Company NameOCTAGON CONSOLIDATED BERHAD  
Stock Name OCTAGON  
Date Announced31 Dec 2013  
CategoryFinancial Results
Reference NoOC-131230-50111

Financial Year End31/10/2013
Quarter4
Quarterly report for the financial period ended31/10/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/10/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/10/2013
31/10/2012
31/10/2013
31/10/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
8,964
9,879
37,830
43,338
2Profit/(loss) before tax
-182,494
-56,603
-201,356
-67,368
3Profit/(loss) for the period
-182,796
-56,915
-202,071
-68,653
4Profit/(loss) attributable to ordinary equity holders of the parent
-153,631
-53,723
-164,629
-64,633
5Basic earnings/(loss) per share (Subunit)
-92.11
-32.21
-98.71
-38.75
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 ($$)
0.0000
0.0200
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


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

Announcement Type: General Announcement
Company NameFURNIWEB INDUSTRIAL PRODUCTS BERHAD  
Stock Name FURNWEB  
Date Announced31 Dec 2013  
CategoryGeneral Announcement
Reference NoMI-131231-65049

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionFURNIWEB INDUSTRIAL PRODUCTS BERHAD (“FIPB” OR “COMPANY”)

(I) PROPOSED JOINT VENTURE WITH ALMAHARTA SDN BHD (“ASB”) IN CONNECTION WITH THE DEVELOPMENT OF A PARCEL OF LEASEHOLD LAND HELD UNDER PN 45266, LOT 141, SECTION 88, TOWN AND DISTRICT OF KUALA LUMPUR AND STATE OF WILAYAH PERSEKUTUAN KUALA LUMPUR, MEASURING APPROXIMATELY 15,924 SQUARE METRES (“DEVELOPMENT LAND”) INTO A RESIDENTIAL DEVELOPMENT; AND (II) PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF FIPB AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT
On behalf of the Board of Directors of FIPB (“Board”), Kenanga Investment Bank Berhad is pleased to announce the following:
(i) Premier Gesture Sdn Bhd, a wholly-owned subsidiary of FIPB had on 31 December 2013 entered into a shareholders’ agreement with ASB to set out the terms governing their relationship as shareholders in a joint venture company, namely Premier De Muara Sdn Bhd (“PDMSB”) in connection with the proposed development of the Development Land; and

(ii) PDMSB, as developer, had also on even date entered into a joint venture agreement with ASB, as registered and beneficial owner of the Development Land, in relation to the proposed development of the Development Land, including the commencement, management and implementation of the proposed development,

(collectively referred to as the “Proposed JV”).

In conjunction with the Proposed JV, the Board proposes to diversify the existing core business of FIPB to include property development (“Proposed Diversification”).

The Proposed JV and the Proposed Diversification are collectively referred to as the “Proposals”.

Further information on the Proposals is set out in the attachment.

This announcement is dated 31 December 2013.

Attachments

Announcement.pdf
389 KB



KBB - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameKBB RESOURCES BERHAD  
Stock Name KBB  
Date Announced31 Dec 2013  
CategoryGeneral Meetings
Reference NoCC-131231-44136

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting31/12/2013
Time10:00 AM
VenueLot 208, Phase II, Kuala Ketil Industrial Estate, 09300 Kuala Ketil, Kedah Darul Aman
Outcome of Meeting

The Board of Directors of KBB Resources Berhad ("KBB") is pleased to announce that the shareholders of KBB have at its Eleventh (11th) Annual General Meeting ("AGM") held on 31 December 2013 approved all the resolutions as set out in the Notice of AGM dated 6 December 2013, except for Resolution 2 pertaining to the re-election of Dato’ Sri Navaneethakrishner A/L Kathirgamatamby as Director of the Company.

The Board would like to inform that Resolution 2 was not put for voting as Dato’ Sri Navaneethakrishner A/L Kathirgamatamby had informed the Company that he is not seeking for re-election as director of the Company.


This announcement is dated 31 December 2013.



KEN - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameKEN HOLDINGS BERHAD  
Stock Name KEN  
Date Announced31 Dec 2013  
CategoryChange in Boardroom
Reference NoCS-131114-58550

Date of change31/12/2013
NameYAM TENGKU DATO' SERI BADERUL ZAMAN IBNI ALMARHUM SULTAN MAHMUD
Age39
NationalityMalaysian
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Type of changeVacation of Office
ReasonDue to non-compliance for attendance of Board Meetings during the financial year ended 31 December 2013 pursuant to 15.05 3(c) of the Listing Requirements of Bursa Malaysia Securities Berhad
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsNot Applicable 
Working experience and occupation Not Applicable 
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 subsidiariesNil 


RUBEREX - OTHERS Proposed acquisition of the glove business and entire production facilities including plant, machinery, equipment, land and buildings by Rubberex Alliance Sdn Bhd (formerly known as Biogreen Medical Sdn Bhd), for a total consideration of RM113.0 million (“Acquisition”)

Announcement Type: General Announcement
Company NameRUBBEREX CORPORATION (M) BERHAD  
Stock Name RUBEREX  
Date Announced31 Dec 2013  
CategoryGeneral Announcement
Reference NoCI-131230-38671

TypeAnnouncement
SubjectOTHERS
DescriptionProposed acquisition of the glove business and entire production facilities including plant, machinery, equipment, land and buildings by Rubberex Alliance Sdn Bhd (formerly known as Biogreen Medical Sdn Bhd), for a total consideration of RM113.0 million (“Acquisition”)
We refer to our announcement on 3 July 2013 in relation to the Acquisition (“Announcement”).
Pursuant to the Announcement, the board of directors of Rubberex (“Board”) wishes to announce that the Acquisition has been aborted by mutual consent. The earnest deposit of RM100,000 has been refunded by the vendor, Alliance Rubber Products Sdn Bhd.

Nevertheless, the Board will continue to explore opportunities to grow and develop our businesses to enhance our earnings in the future.

This announcement is dated December 31, 2013.


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