December 12, 2013

Company announcements: GTRONIC, BGYEAR, ASUPREM, QL

GTRONIC - Changes in Sub. S-hldr's Int. (29B) - Wiserite Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced12 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131212-5BF9F

Particulars of substantial Securities Holder

NameWiserite Sdn Bhd
AddressSuite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang
NRIC/Passport No/Company No.410593-W
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1) Wiserite Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang
2) Glencare Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/12/2013
5,000
 
Acquired10/12/2013
5,000
 
Acquired11/12/2013
5,000
 

Circumstances by reason of which change has occurredOpen market purchases via Glencare Sdn Bhd
Nature of interestDeemed
Direct (units)50,337,868 
Direct (%) 
Indirect/deemed interest (units)1,077,873 
Indirect/deemed interest (%) 
Total no of securities after change51,415,741
Date of notice12/12/2013


GTRONIC - Changes in Sub. S-hldr's Int. (29B) - Ng Kweng Chong Holdings Sendirian Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced12 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131212-5C082

Particulars of substantial Securities Holder

NameNg Kweng Chong Holdings Sendirian Berhad
Address51-21-A Menara BHL Bank, Jalan Sultan Ahmad Shah, 10050 Penang
NRIC/Passport No/Company No.51580-M
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1) Ng Kweng Chong Holdings Sendirian Berhad of 51-21-A Menara BHL Bank, Jalan Sultan Ahmad Shah, 10050 Penang
2) Wiserite Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang
3) Glencare Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/12/2013
5,000
 
Acquired10/12/2013
5,000
 
Acquired11/12/2013
5,000
 

Circumstances by reason of which change has occurredOpen market purchases via Glencare Sdn Bhd
Nature of interestDeemed
Direct (units)10,152,524 
Direct (%) 
Indirect/deemed interest (units)51,415,741 
Indirect/deemed interest (%) 
Total no of securities after change61,568,265
Date of notice12/12/2013


GTRONIC - Changes in Director's Interest (S135) - Ng Kok Khuan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced12 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-131212-5B945

Information Compiled By KLSE

Particulars of Director

NameNg Kok Khuan
Address66B Penang Street, 10200 Penang
Descriptions(Class & nominal value)Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
09/12/2013
5,000
3.120 
Acquired
10/12/2013
5,000
3.120 
Acquired
11/12/2013
5,000
3.130 

Circumstances by reason of which change has occurredOpen market purchases via Glencare Sdn Bhd
Nature of interestDeemed
Consideration (if any) 

Total no of securities after change

Direct (units)40,000 
Direct (%)0.01 
Indirect/deemed interest (units)1,113,513 
Indirect/deemed interest (%)0.4 
Date of notice12/12/2013

Remarks :
The total percentage of securities acquired is 0.01%. This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


GTRONIC - Changes in Sub. S-hldr's Int. (29B) - Ng Kweng Chong

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced12 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131212-5BEB5

Particulars of substantial Securities Holder

NameNg Kweng Chong
Address66B Penang Street, 10200 Penang
NRIC/Passport No/Company No.480224-07-5163
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1) Ng Kweng Chong of 66B Penang Street, 10200 Penang
2) Gooi Mei Hoon of 46-A Jalan Sultan Ahmad Shah, 10050 Penang
3) Ng Kok Yu of 46-A Jalan Sultan Ahmad Shah, 10050 Penang
4) Ng Hooi Chin of 46-A Jalan Sultan Ahmad Shah, 10050 Penang
5) Ng Kweng Chong Holdings Sendirian Berhad of 51-21-A Menara BHL Bank, Jalan Sultan Ahmad Shah, 10050 Penang
6) Wiserite Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang
7) Glencare Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/12/2013
5,000
 
Acquired10/12/2013
5,000
 
Acquired11/12/2013
5,000
 

Circumstances by reason of which change has occurredOpen market purchases via Glencare Sdn Bhd
Nature of interestDeemed
Direct (units)2,594,071 
Direct (%) 
Indirect/deemed interest (units)62,811,585 
Indirect/deemed interest (%) 
Total no of securities after change65,405,656
Date of notice12/12/2013


GTRONIC - Changes in Director's Interest (S135) - Ng Kweng Chong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced12 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-131212-5BAA4

Information Compiled By KLSE

Particulars of Director

NameNg Kweng Chong
Address66B Penang Street, 10200 Penang
Descriptions(Class & nominal value)Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
09/12/2013
5,000
3.120 
Acquired
10/12/2013
5,000
3.120 
Acquired
11/12/2013
5,000
3.130 

Circumstances by reason of which change has occurredOpen market purchases via Glencare Sdn. Bhd.
Nature of interestDeemed
Consideration (if any) 

Total no of securities after change

Direct (units)2,594,071 
Direct (%)0.93 
Indirect/deemed interest (units)62,811,585 
Indirect/deemed interest (%)22.49 
Date of notice12/12/2013

Remarks :
The total percentage of securities acquired is 0.01%. This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


GTRONIC - Changes in Sub. S-hldr's Int. (29B) - Gooi Mei Hoon

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced12 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131212-5BC7C

Particulars of substantial Securities Holder

NameGooi Mei Hoon
Address46-A Jalan Sultan Ahmad Shah, 10050 Penang
NRIC/Passport No/Company No.480812-07-5186
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1) Gooi Mei Hoon of 46-A Jalan Sultan Ahmad Shah, 10050 Penang
2) Ng Kweng Chong Holdings Sendirian Berhad of 51-21-A Menara BHL Bank, Jalan Sultan Ahmad Shah, 10050 Penang
3) Wiserite Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang
4) Glencare Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/12/2013
5,000
 
Acquired10/12/2013
5,000
 
Acquired11/12/2013
5,000
 

Circumstances by reason of which change has occurredOpen market purchases via Glencare Sdn Bhd
Nature of interestDeemed
Direct (units)902,000 
Direct (%) 
Indirect/deemed interest (units)61,568,265 
Indirect/deemed interest (%) 
Total no of securities after change62,470,265
Date of notice12/12/2013


BGYEAR - PRACTICE NOTE 17 / GUIDANCE NOTE 3:OTHERS

Announcement Type: General Announcement
Company NameBINA GOODYEAR BERHAD  
Stock Name BGYEAR  
Date Announced12 Dec 2013  
CategoryGeneral Announcement
Reference NoCM-131212-35013

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
DescriptionBINA GOODYEAR BERHAD (“BGB" OR "THE COMPANY")
- Announcement pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements

We refer to the announcements made by the Company on 19 November 2012, 3 December 2012, 2 January 2013, 5 February 2013, 20 February 2013, 1 March 2013, 2 April 2013, 2 May 2013, 3 June 2013, 1 July 2013, 1 August 2013, 2 September 2013, 1 October 2013, 1 November 2013, 12 November 2013, 15 November 2013, 18 November 2013 and 2 December 2013 in relation to the Company’s PN17 status.

Reference is also made to the announcements by the Company on 28 December 2012, 31 December 2012, 9 January 2013, 15 January 2013, 22 January 2013, 29 January 2013, 22 February 2013, 13 March 2013 and 2 April 2013 in relation to the Proposed Debt Settlement.

Further to the release of the Company’s 2013 annual report on 9 December 2013, the Board wishes to announce that the Company has further triggered the following PN17 criteria which as follows:-

a) Paragraph 2.1(d) of PN17 whereby the auditors have expressed an adverse or disclaimer opinion in the Company’s latest audited financial statements for the financial year ended 30 June 2013;

b) Paragraph 2.1(e) of PN17 whereby the auditors have expressed an emphasis of matter on the Company’s ability to continue as a going concern in the Company’s latest audited financial statements and the shareholders’ equity of the Company on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the Company.

The Company is the midst of formulating a regularisation plan to address its PN17 status. Based on the First Announcement of PN17 made by the Company on 19 November 2012, the Company has until 18 November 2013 to submit its regularisation plan to the relevant authorities for approval.

Further thereto, the Company had on 14 November 2013 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time of four (4) months up to 17 March 2014 to announce and submit its regularisation plan (“Application”). Subsequently, Bursa Securities had vide its letter dated 18 November 2013 informed that pending the decision on the Application above, Bursa Securities had defer the suspension on the trading of the BGB's securities and the de-listing of the Company in accordance with Paragraph 8.04(5) of the Main Market Listing Requirements of Bursa Securities.

This announcement is dated 12 December 2013.



ASUPREM - Changes in Sub. S-hldr's Int. (29B) - Cherng Chin Guan

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameASTRAL SUPREME BERHAD  
Stock Name ASUPREM  
Date Announced12 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-131212-4A6C0

Particulars of substantial Securities Holder

NameCherng Chin Guan
AddressNo. 24, Jalan SS22/40
Damansara Jaya
47400 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.640802-08-5647
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.20 each
Name & address of registered holderAffin Nominees (Tempatan) Sdn. Bhd.
Pledged Securities Account for Cherng Chin Guan
3rd Floor, Chulan Tower
No.3, Jalan Conlay
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/12/2013
1,250,000
0.190 

Circumstances by reason of which change has occurredDisposal in open market
Nature of interestDirect
Direct (units)1,250,000 
Direct (%)0.43 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change19,012,000
Date of notice12/12/2013


ASUPREM - Changes in Director's Interest (S135) - Cherng Chin Guan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameASTRAL SUPREME BERHAD  
Stock Name ASUPREM  
Date Announced12 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-131212-4A6BF

Information Compiled By KLSE

Particulars of Director

NameCherng Chin Guan
AddressNo. 24, Jalan SS22/40
Damansara Jaya
47400 Petaling Jaya
Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary Shares of RM0.20 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
06/12/2013
1,250,000
0.190 

Circumstances by reason of which change has occurredDisposal in open market
Nature of interestDirect
Consideration (if any)RM237,500 

Total no of securities after change

Direct (units)19,012,000 
Direct (%)6.59 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice12/12/2013

Remarks :
Affin Nominees (Tempatan) Sdn. Bhd. - Pledged Securities Account for Cherng Chin Guan - 1,250,000 shares (0.43%)


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

Announcement Type: General Announcement
Company NameQL RESOURCES BERHAD  
Stock Name QL  
Date Announced12 Dec 2013  
CategoryGeneral Announcement
Reference NoQR-131128-63139

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionDisposal of land by QL Resources Berhad's wholly owned subsidiary namely, QL KK Properties Sdn. Bhd. to its related party for a consideration of RM18,482,000.00.

1. Introduction

The Board of Directors of QL Resources Berhad (“Company”) wishes to announce that its wholly owned subsidiary, QL KK Properties Sdn. Bhd. (Company No. 331773-P) (“QLKK”) has on 12 December 2013 entered into a Sale and Purchase Agreement (“S&P”) to dispose the sub-parcels identified as Lot Nos. 14 to 29 measuring an aggregate of approximately 1.604 hectares ("Property") forming part of all that pieces of leasehold land held under CL015485864 measuring approximately 2.727 hectares and PL016143114 measuring approximately 2.901 hectares, both located at kilometre 12, Jalan Tuaran, Inanam Industrial Belt area, in the District of Kota Kinabalu to a related party namely, Leisure Junction Sdn. Bhd. (Company No.1071423-T)(“LJ or Purchaser”) for a total consideration of Ringgit Malaysia: Eighteen Million Four Hundred and Eighty Two Thousand (RM18,482,000.00) only (“Proposed Disposal”).


2. Information on QLKK

QLKK is a wholly-owned subsidiary of QL Feedingstuffs Sdn. Bhd. and its ultimate holding company being QL Resources Berhad ("QLR"). Its principal business is investment holding.


3. Information on LJ

LJ is a company incorporated in Malaysia on 25 November 2013, whose registered office is at No. 16A, Jalan Astaka U8/83, Bukit Jelutong,40150 Shah Alam, Selangor Darul Ehsan. It is currently a dormant company.

The directors and shareholder of LJ are as follows:

Directors

a) Chia Song Kooi

b) Chia Seong Fatt

c) Chia Song Pou

Shareholders

Wholly owned by Ruby Technique Sdn. Bhd. whose holding company is CBG Holdings Sdn. Bhd. ("CBG"). The other shareholder of Ruby Technique Sdn. Bhd. is Farsathy Holdings Sdn. Bhd.("Farsathy")

CBG and Farsathy are major shareholders of QLR.

The directors and shareholders of CBG who are also directors of QLR are as follows:

a) Chia Song Kun Director Shareholder (16.88%)

b) Chia Song Swa Director Shareholder (8.00%)

c) Chia Song Kooi Director Shareholder (8.00%)

d) Chia Mak Hooi Director Shareholder (2%)

The directors and shareholders of Farsathy who are also directors of QLR are as follows:

a) Chia Seong Pow Director Shareholder (20%)

b) Chia Seong Fatt Director Shareholder (20%)


4. Details of the Proposed Disposal

This transaction is carried out on an arm’s length basis and the consideration was based on the recommended market value as stated in the Valuation Report by Messrs CH Williams Talhar & Wong dated 25 November 2013.

Based on the Valuation Report, the market value of all that parcels of Property and free from all encumbrances is RM18,482,000.00. The lease tenure for both the land are from 1 January 1917 to 31 December 2915. The method of Valuation is based on Comparison Method.

The original cost of investment of the land to the Group as at 30 November 2013 is RM10,499,000.00. Henceforth, the expected gain from disposal to the Group is RM7,983,000.00. The sale proceeds will be utilised as working capital of the Group.

There are no liabilities to be assumed by QLKK arising from this transaction.


5. Salient terms of the Proposed Disposal

The consideration of Ringgit Malaysia: Eighteen Million Four Hundred and Eighty Two Thousand (RM18,482,000.00) only shall be paid by the Purchaser to QLKK as follows:

(a) Upon signing of the S&P, the Purchaser shall pay a sum of Ringgit Malaysia: One Million Eight Hundred Forty Eight Thousand Two Hundred (RM1,848,200.00) being 10% of the total purchase price only as a deposit and part payment of the consideration to QLKK (out of this amount, a sum of Ringgit Malaysia : Three Hundred Sixty Nine Thousand Six Hundred Forty (RM369,640.00) equivalent to 2% of the consideration is paid to Vendor's solicitors as stakeholders, to be paid to the Director-General of the Inland Revenue Department in compliance with section 21B of the Real Property Gains Tax Act, 1976);

(b) The balance of the consideration of Ringgit Malaysia: Sixteen Million Six Hundred Thirty Three Thousand Eight Hundred (RM16,633,800.00) only shall be settled by the Purchaser to QLKK within three (3) months from the date of S&P ("Completion Date");

(c) In the event the Purchaser cannot complete the sale and purchase herein within the said 3 months period, the Vendor shall grant an extension of one (1) month to enable the Purchaser to complete subject to an interest rate of 8% per annum calculated on daily basis on the unpaid portion; and


(d) The Vendor shall diligently and expeditiously apply for the subdivision of the land and obtain the individual titles to the Property. Upon issuance of the individual titles to the Property, the Vendor shall deliver the original titles of and transfer the Property to the Purchaser.


6. Rationale

The Proposed Disposal will enable the Company to realise the gains and utilise the proceeds from the disposal to fund the construction cost for its remaining lots which are meant for its own use.


7. Financial Impact

There is no material effect on earnings per share, net assets, gearing, share capital and substantial shareholdings of the Company.

8. Approvals Required

No approval from the shareholders of QLR and/or relevant authorities is required for the Proposed Disposal.


9. Interests of Directors, Substantial Shareholders and Persons Connected To Them

Save as disclosed in paragraph 3 above, none of the other Directors, substantial shareholders of the Company and QLR, or persons connected to such Directors or substantial shareholders have any interest, direct or indirect in the above transaction. The interested directors have abstained from stating an opinion and voting in relation to the transaction.


10. Date of Completion

The Proposed Disposal is expected to be completed within three (3) months from the date of S&P.


11. Percentage ratio of the Proposed Disposal

The highest percentage ratio applicable to the Proposed Disposal pursuant to paragraph 10.02(g) of the Main Market Listing Requirements is 1.93%.


12. Statement by the Audit Committee

The Audit Committee, having taken into consideration all aspect of the Proposed Disposal, was of the view that it is in the best interest of the Company, fair, reasonable and on normal commercial terms and not detrimental to the interest of the minority shareholders.


13. Statement by the Board of Directors

The Board of Directors (save for the interested Directors) is of the opinion that the Related Party Transaction is in the best interest of the Company.


14. The total amount transacted with LJ for the preceding 12 months

There are no other transactions previously.

15. Documents for inspection

The S&P and the valuation report for the Proposed Disposal will be made available for inspection at the registered office of the Company at No.16A, Jalan Astaka U8/83, Bukit Jelutong, 40150 Shah Alam, Selangor during normal business hours for a period of one month from the date of announcement.


This announcement is dated 12 December 2013.

 


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