December 13, 2013

Company announcements: FOCUS, CIMBA40, CIMBC25, KULIM, UTDPLT, MARCO, SILKHLD, GASMSIA, BIMB

FOCUS - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameFOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market) 
Stock Name FOCUS  
Date Announced13 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131213-45272

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionFOCUS DYNAMICS TECHNOLOGIES BERHAD (“THE COMPANY” OF “FOCUS”)
HIGH COURT OF SHAH ALAM CIVIL SUIT NO.22-1424-2010 PAN ASIA PUBLICATIONS SDN BHD (“PLAINTIFF”) vs. FOCUS DYNAMICS DRIVES SDN. BHD. (“DEFENDANT”)

Reference is made to our announcements of 20 May 2013, 30 May 2013, 18 June 2013, 18 July 2013, 10 September 2013, 26 September 2013 and 1 November 2013 respectively.

The Board of Directors of Focus Dynamics Technologies Berhad (“the Company”) wishes to announce that the status of the following litigation case which involved Focus Dynamics Drives Sdn. Bhd. (Company No.555249-D), the wholly-owned subsidiary company of the Company:-

Progress of the litigation cases

High Court of Shah Alam,

Civil Suit No. 22-1424-2010

Pan Asia Publications Sdn Bhd (“Plaintiff”) vs. Focus Dynamics Drives Sdn Bhd (“Defendant”) (hereinafter referred to the Main Suit”)

(a) Trial dates

The Trial for the Main Suit has set on 27 and 28 January 2014.

(b) Update the hearing on 12 December 2013

The Defendant’s application to strike-out the Plaintiff’s action was dismissed by the Court with no order to costs at the hearing held on 12 December 2013.

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 13 December 2013.



CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced13 Dec 2013  
CategoryGeneral Announcement
Reference NoOB-131213-46530

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 13-Dec-2013
IOPV per unit (RM): 1.6305
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,398.82



CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced13 Dec 2013  
CategoryGeneral Announcement
Reference NoOB-131213-46487

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 13-Dec-2013
IOPV per unit (RM): 1.0118
Units in circulation (units): 9,750,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 17,009.06



KULIM - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameKULIM (MALAYSIA) BERHAD  
Stock Name KULIM  
Date Announced13 Dec 2013  
CategoryGeneral Meetings
Reference NoJC-131212-F27F4

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting13/12/2013
Time11:30 AM
VenueKSRT Clubhouse, EPA Management Sdn Bhd, K.B. No. 705, Ulu Tiram Estate, 80990 Johor Bahru, Johor, Malaysia
Outcome of Meeting
The Board of Directors of Kulim (Malaysia) Berhad ("Kulim") wishes to announce that all the resolutions as set out in the Notice of the Extraordinary General Meeting ("EGM") of the Company, dated 28 November 2013, were duly approved at the EGM of the Company held on even date.


UTDPLT - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameUNITED PLANTATIONS BERHAD  
Stock Name UTDPLT  
Date Announced13 Dec 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoUP-131213-56D9D

Date of buy back12/12/2013
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)18,568
Minimum price paid for each share purchased ($$)25.200
Maximum price paid for each share purchased ($$)25.200
Total consideration paid ($$)467,956.00
Number of shares purchased retained in treasury (units)18,568
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)153,526
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 (%)0.0738

Remarks :
These purchases are made on the Nasdaq OMX Copenhagen. Because of the 7 hours timing difference, the information is only received in Malaysia the following day, and hence the announcement to Bursa is only made the following business day.


MARCO - MARCO-Exercise of Warrants 2004/2014 ("Exercise of Warrants")

Announcement Type: Listing Circular
Company NameMARCO HOLDINGS BERHAD  
Stock Name MARCO  
Date Announced13 Dec 2013  
CategoryListing Circular
Reference NoSM-131213-40976

LISTING'S CIRCULAR NO. L/Q : 69487 OF 2013

Kindly be advised that the abovementioned Company’s additional 367,800 new ordinary shares of RM0.10 each arising from the aforesaid Exercise of Warrants will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 17 December 2013.


SILKHLD - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameSILK HOLDINGS BERHAD  
Stock Name SILKHLD  
Date Announced13 Dec 2013  
CategoryGeneral Meetings
Reference NoCA-131212-36456

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting13/12/2013
Time10:00 AM
VenueDewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur.
Outcome of Meeting

SILK Holdings Berhad wishes to inform that all resolutions set out in the Notice of Sixteenth Annual General Meeting ("16th AGM") dated 20 November 2013 were duly passed at the 16th AGM.

Further to our announcement dated 27 November 2013, SILK Holdings Berhad also wishes to inform that Messrs KPMG, having given their Consent to Act, has been appointed as the Auditors of the Company at the 16th AGM in place of Ernst & Young at a remuneration to be fixed by the Directors.



SILKHLD - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameSILK HOLDINGS BERHAD  
Stock Name SILKHLD  
Date Announced13 Dec 2013  
CategoryGeneral Meetings
Reference NoMI-131213-44299

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting13/12/2013
Time11:00 AM
VenueDewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara off Jalan Damansara, 60000 Kuala Lumpur
Outcome of Meeting

We refer to the announcement dated 27 November 2013.

On behalf of the Board of Directors of SILK Holdings Berhad ("SHB" or the "Company"), AFFIN Investment Bank Berhad is pleased to announce that the shareholders of SHB have at the extraordinary general meeting (“EGM”) held on 13 December 2013, approved the ordinary resolution as set out in the notice of EGM dated 28 November 2013 in relation the proposed acquisition by Jasa Merin (Malaysia) Sdn Bhd, a 70%-owned subsidiary of AQL Aman Sdn Bhd which in turn is a wholly-owned subsidiary of SHB, of the remaining 49% equity interest held by GMV-Jasa Sdn Bhd in JM Global 1 (Labuan) Plc, JM Global 2 (Labuan) Plc, JM Global 3 (Labuan) Plc and JM Global 4 (Labuan) Plc, for a purchase consideration to be determined later and to be satisfied entirely in cash.

This announcement is dated 13 December 2013.



GASMSIA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameGAS MALAYSIA BERHAD  
Stock Name GASMSIA  
Date Announced13 Dec 2013  
CategoryGeneral Announcement
Reference NoGM-131212-8D82C

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it has received notification from Datuk Muhamad Noor bin Hamid, the Managing Director of the Company of his dealing in the securities of the Company outside closed period, details as set out in the table below:-

Ordinary Shares of RM0.50 each.

Name of Principal Officer
Date of Dealing
Number of Shares
Price Per Share
(RM)
Percentage
%
Remarks
(acquisition/disposal)
Direct
Indirect
Datuk Muhamad Noor bin Hamid
09/12/2013
200,000
60,000

20,000
27,000



3.89
3.90
3.89
3.90

Negligible


Disposal
Disposal
Disposal
Disposal



BIMB - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameBIMB HOLDINGS BERHAD  
Stock Name BIMB  
Date Announced13 Dec 2013  
CategoryGeneral Announcement
Reference NoOI-131212-43584

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionBIMB HOLDINGS BERHAD (“BHB” OR THE “COMPANY”)

(I) ACQUISITIONS BY BHB OF THE REMAINING 49% ISSUED AND PAID-UP SHARE CAPITAL OF BANK ISLAM MALAYSIA BERHAD (“BANK ISLAM”) COMPRISING THE FOLLOWING:-

(A) 690,196,000 ORDINARY SHARES OF RM1.00 EACH IN BANK ISLAM (“BANK ISLAM SHARES”) HELD BY DUBAI FINANCIAL GROUP LLC, REPRESENTING APPROXIMATELY 30.47% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BANK ISLAM (“DFG BLOCK”), FOR A CASH CONSIDERATION OF UNITED STATES DOLLAR (“USD”) 550,000,000 (“ACQUISITION OF DFG BLOCK”); AND

(B) 419,894,000 BANK ISLAM SHARES HELD BY LEMBAGA TABUNG HAJI, REPRESENTING APPROXIMATELY 18.53% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF BANK ISLAM (“LTH BLOCK”), FOR A CASH CONSIDERATION OF THE RINGGIT MALAYSIA (“RM”) EQUIVALENT OF USD334,603,069;

(COLLECTIVELY REFERRED TO AS “ACQUISITIONS”)

(II) RENOUNCEABLE RIGHTS ISSUE OF 426,715,958 NEW ORDINARY SHARES OF RM1.00 EACH IN BHB (“BHB SHARES”) (“RIGHTS SHARES”) TOGETHER WITH 426,715,958 FREE DETACHABLE WARRANTS (“WARRANTS”) AT AN ISSUE PRICE OF RM4.25 PER RIGHTS SHARE ON THE BASIS OF TWO (2) RIGHTS SHARES TOGETHER WITH TWO (2) WARRANTS FOR EVERY FIVE (5) EXISTING BHB SHARES HELD AS AT 5.00 P.M. ON 12 NOVEMBER 2013 ("RIGHTS ISSUE WITH WARRANTS"); AND

(III) ISSUE OF 10-YEAR ISLAMIC SECURITIES OF RM1.660 BILLION IN NOMINAL VALUE (“SUKUK ISSUE”)

We refer to the announcements dated 1 August 2013, 5 August 2013, 30 August 2013, 2 September 2013, 18 September 2013, 1 October 2013, 2 October 2013, 17 October 2013, 18 October 2013, 21 October 2013, 25 October 2013, 28 October 2013, 8 November 2013, 12 November 2013, 3 December 2013, 4 December 2013, 10 December 2013 and 11 December 2013 (“Announcements”).

Unless otherwise stated, the capitalised terms used in this announcement shall have the same meaning ascribed to such terms in the Announcements.

On behalf of the Board of Directors of BHB, Bank Islam wishes to announce that the Company had successfully completed the Sukuk Issue on the following salient terms:-

Nominal value

RM1,660,000,000

Gross proceeds raised

RM1,086,585,810

Issue date

12 December 2013

Maturity date

12 December 2023

Tenure

10 years

Yield to maturity

6.25% per annum

Profit rate

1.50% per annum

Subscriber

LTH

The excess proceeds of approximately RM116,333 raised from the Sukuk Issue over the estimated proceeds of RM1,086,469,477 as disclosed in the AP dated 12 November 2013 will be used for the working capital of BHB.

As at 12 December 2013, all conditions precedent as stipulated in the SPA for the Acquisitions have been met and as such, the SPA has become unconditional. The Acquisitions are expected to be completed on 19 December 2013.

This announcement is dated 13 December 2013.



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