HIAPTEK - GENERAL MEETINGS: OUTCOME OF MEETING
Announcement Type: General Meetings
| Company Name | HIAP TECK VENTURE BERHAD |
| Stock Name | HIAPTEK |
| Date Announced | 17 Dec 2013 |
| Category | General Meetings |
| Reference No | CC-131216-CACA6 |
| Type of Meeting | AGM |
| Indicator | Outcome of Meeting |
| Date of Meeting | 17/12/2013 |
| Time | 03:00 PM |
| Venue | Setia City Convention Centre, Function Room 8, 1st Floor, No 1, Jalan Setia Dagang AG U13/AG, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor Darul Ehsan |
| Outcome of Meeting | The Board of Directors of Hiap Teck Venture Berhad ("HTVB") is pleased to inform Bursa Malaysia Securities Berhad that all the resolutions as stated in the Notice of 17th Annual General Meeting of HTVB have been duly passed at Setia City Convention Centre, Function Room 8, 1st Floor, No 1, Jalan Setia Dagang AG U13/AG, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor Darul Ehsan on Tuesday, 17 December 2013. This announcement is dated 17 December 2013. |
HIAPTEK - Quarterly rpt on consolidated results for the financial period ended 31/10/2013
Announcement Type: Financial Results
| Company Name | HIAP TECK VENTURE BERHAD |
| Stock Name | HIAPTEK |
| Date Announced | 17 Dec 2013 |
| Category | Financial Results |
| Reference No | CC-131216-C2F2A |
| Financial Year End | 31/07/2014 |
| Quarter | 1 |
| Quarterly report for the financial period ended | 31/10/2013 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION31/10/2013 |
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 | 270,446 | 273,039 | 270,446 | 273,039 |
| 2 | Profit/(loss) before tax | 17,085 | 2,298 | 17,085 | 2,298 |
| 3 | Profit/(loss) for the period | 14,060 | 1,014 | 14,060 | 1,014 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 14,060 | 1,014 | 14,060 | 1,014 |
| 5 | Basic earnings/(loss) per share (Subunit) | 1.99 | 0.14 | 1.99 | 0.14 |
| 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 ($$) | 1.3000 | 1.2800 | ||
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
ALAM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | ALAM MARITIM RESOURCES BERHAD |
| Stock Name | ALAM |
| Date Announced | 17 Dec 2013 |
| Category | General Announcement |
| Reference No | AM-131217-EAC1A |
| Type | Announcement | ||||||||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||||||||||
| Description | Pursuant to Chapter 14 of the Main Market Listing Requirements, AMRB wishes to announce the following dealing in securities by director(s) of the Company. Kindly refer to the table section for details. This announcement is dated 17 December 2013. | ||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
AEONCR - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc. ("MUFG")
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | AEON CREDIT SERVICE (M) BERHAD |
| Stock Name | AEONCR |
| Date Announced | 17 Dec 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-131217-44608 |
Particulars of substantial Securities Holder
| Name | Mitsubishi UFJ Financial Group, Inc. ("MUFG") |
| Address | 7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8330, Japan |
| NRIC/Passport No/Company No. | NIL |
| Nationality/Country of incorporation | Japan |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.50 each |
| Name & address of registered holder | Aberdeen Asset Management PLC ("Aberdeen") and its subsidiaries 10 Queen's Terrace, Aberdeen, AB10 1YG, Scotland |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 11/12/2013 | 2,600 |
| Remarks : |
| MUFG is deemed interested in the shares by virtue of MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen. The Form 29B was received by the Company on 17 December 2013. |
PCHEM - 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 Name | PETRONAS CHEMICALS GROUP BERHAD |
| Stock Name | PCHEM |
| Date Announced | 17 Dec 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PC-131217-AE8D8 |
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 RM0.10 each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 10/12/2013 | 1,000,000 | |
| Acquired | 10/12/2013 | 50,000 |
| Remarks : |
| Form 29B dated 11 December 2013 was received by the Company on 17 December 2013. On 10 December 2013, Employees Provident Fund Board disposed 50,000 shares in the open market, Portfolio Manager for Employees Provident FD BD (ARIM)acquired 2,773,900 shares. |
PCHEM - 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 Name | PETRONAS CHEMICALS GROUP BERHAD |
| Stock Name | PCHEM |
| Date Announced | 17 Dec 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | PC-131217-8F151 |
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 RM0.10 each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 12/12/2013 | 378,000 |
| Remarks : |
| Form 29B dated 13 December 2013 was received by the Company on 17 December 2013. |
BENALEC - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (Diperbadankan)
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | BENALEC HOLDINGS BERHAD |
| Stock Name | BENALEC |
| Date Announced | 17 Dec 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CK-131217-61E08 |
Particulars of substantial Securities Holder
| Name | Kumpulan Wang Persaraan (Diperbadankan) |
| Address | Aras 4, 5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | KWAPACT6622007 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.25 each |
| Name & address of registered holder | Kumpulan Wang Persaraan (Diperbadankan) Aras 4, 5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 11/12/2013 | 278,000 |
SUNWAY - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 17 Dec 2013 |
| Category | General Announcement |
| Reference No | SS-131217-B627B |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SUNWAY BERHAD (“SUNWAY”) - PROPOSED ACQUISITION OF LAND BY SUNWAY CITY (PENANG) SDN BHD, A SUBSIDIARY OF SUNWAY |
1. INTRODUCTION The Board of Directors of Sunway wishes to announce that Sunway City (Penang) Sdn Bhd (“SCP”), a wholly-owned subsidiary of Sunway City Sdn Bhd which in turn is wholly-owned by Sunway, was successful in bidding for the following 4 parcels of land held under the following titles together with the existing buildings, plant nurseries and other structures erected thereon from C. H. Williams Talhar & Wong, the Property Agent for Luxor Precision Sdn Bhd (“LPSB”) for a total purchase consideration of RM267,418,000/- (“Proposed Acquisition”):
b) Lot No. 2102, Tempat Paya Terubong, Mukim 13, Daerah Timor Laut, Pulau Pinang held under Geran Mukim No. 256 measuring approximately 17,148.5269 square metres; c) Lot No. 3224, Mukim 13, Daerah Timor Laut, Pulau Pinang held under Geran No. 3865 measuring approximately 55,195.5686 square metres; and d) Lot No. 7629, Mukim 13, Daerah Timor Laut, Pulau Pinang held under Geran No. 39680 measuring approximately 4,048 square metres (collectively, the “Land”).
2.1 SCP SCP is a company incorporated in Malaysia and having its registered office at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan. The authorised and paid-up share capital of SCP are RM10,000,000/- and RM2,000,000/- respectively. The principal activities of SCP are property development, provision of property management services and investment holding. 2.2 LPSB LPSB, a wholly-owned subsidiary of Lee Rubber Company (Pte) Limited, is a company incorporated in Malaysia and having its registered office at 802, 8th Floor, Block C, Kelana Square, 17, Jalan SS7/26, 47301 Petaling Jaya, Selangor Darul Ehsan. The authorised and paid-up share capital of LPSB are RM25,000,000/- and RM23,440,002/- respectively. The principal activities of LPSB are investment and property holding. 3. DETAILS OF THE PROPOSED ACQUISITION SCP was successful in bidding for the Land from the Property Agent for LPSB for a total purchase consideration of RM267,418,000/-. Pursuant to the Notice of Acceptance, the parties will enter into a sale and purchase agreement (“SPA”) for the Proposed Acquisition within 14 days from the date of the Notice of Acceptance. The earnest deposit paid during the submission of tender will form part of the initial 10% of the purchase price which is payable upon the execution of the SPA. 4. BASIS OF ARRIVING AT THE PURCHASE CONSIDERATION OF THE LAND The purchase consideration of RM267,418,000/- is calculated at the rate of up to approximately RM251 per square foot based on a total land area of approximately 24.458 acres. The purchase consideration was arrived at subsequent to an open tender for the Land on 12 December 2013. The minimum reserve price for the Land was fixed at RM200/- per square foot and Sunway's bid price of RM251 per square foot was arrived at, taking into consideration the development potential of the Land and Sunway's required internal rate of return. No valuation on the Land was carried out, given Sunway’s knowledge of the market value of the surrounding properties and the potential development value of similar land within Penang. Sunway is not able to disclose the net book value of the Land as it is not privy to this information. There are no liabilities (including contingent liabilities and guarantees) to be assumed by Sunway arising from the Proposed Acquisition. 6. RATIONALE The Proposed Acquisition will provide Sunway with an estimated gross development value of RM1.5 billion when fully developed. The Land is strategically located within the vibrant center of Penang Island and is surrounded by tourism spots as well as matured residential townships.
The proposed development for the Land consists of commercial shops, SOHO and highrise residential units and this will strengthen Sunway’s presence in Penang property market. 7. PROSPECTS Residential and commercial properties in Penang especially on Penang Island have good potential due to scarcity of land and the continuous strong demand. Penang, being one of the highest economic growth states fits into Sunway’s strategy in relation to its Malaysian land bank expansion profile.
8. FEASIBILITY STUDY
The preliminary feasibility of the Proposed Acquisition indicates that the proposed development of the Land is expected to generate an estimated gross development value of RM1.5 billion. Market studies were also conducted to assess the relevant property market conditions and financial feasibility. Based on the results of the studies, the management of Sunway is of the view that the project financials meet the internal investment hurdle rate for Sunway to proceed with the Proposed Acquisition. The Proposed Acquisition and the subsequent proposed development on the Land to be undertaken by SCP are subject to the risks inherent in the property development and construction industries, which include but are not limited to competition risks, unstable global and domestic economic conditions, currency fluctuations, unfavorable interest rate movements, inflation hike, shortages of raw materials and labour, increase in the cost of capital, political instability, changes in government initiatives, changes in statutory regulations and legal disputes. Sunway, with many years of experience in the business of property development and construction, will take the necessary steps to mitigate the various risks identified. However, no assurance can be given that significant changes in any of these factors will not materially affect Sunway’s operation and financial performance. In addition to the above, the Land is sold without vacant possession and it is on “as is where is” basis which means that the Land is sold subject to any right of way or any structures or squatters thereon and all conditions of title whether express or implied affecting the Land and subject further to any existing tenancies/occupations affecting the Land. 10. SOURCE OF FUNDS The Proposed Acquisition will be funded through bank borrowings and/or internally generated funds. 11. EFFECTS OF THE PROPOSED ACQUISITION 11.1 On Share Capital and Substantial Shareholders' Shareholding The Proposed Acquisition will not have any effect on the share capital and substantial shareholders' shareholding of Sunway as it does not involve any allotment or issuance of new shares by Sunway. 11.2 On Earnings Per Share, Net Assets Per Share and Gearing
The Proposed Acquisition does not require approval from the shareholders of Sunway but is subject to approval/consent of the relevant authorities. 13. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS Insofar as the Directors are aware, none of the directors or major shareholders of Sunway or persons connected with them has any interest, whether direct or indirect, in the Proposed Acquisition. 14. STATEMENT BY THE BOARD OF DIRECTORS The Board of Directors of Sunway is of the opinion that the Proposed Acquisition is in the best interests of Sunway. 15. HIGHEST PERCENTAGE RATIOS PURSUANT TO PARAGRAPH 10.02(G) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD The highest percentage ratios as set out in Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad applicable to the Proposed Acquisition is 7.5%, which is the value of the purchase consideration compared with the net assets of Sunway based on the audited financial statements of Sunway for the financial year ended 31 December 2012. 16. ESTIMATED TIMEFRAME FOR COMPLETION OF THE PROPOSED ACQUISITION Barring any unforeseen circumstances and subject to the approval of the relevant authorities, the Proposed Acquisition is expected to be completed by the last day of the period of 3 months from the SPA with an automatic extension for a further period of 1 month subject to the payment of interests on the unpaid balance by SCP. 17. DOCUMENTS AVAILABLE FOR INSPECTION The Notice of Acceptance is available for inspection at the registered office of Sunway at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan during normal business hours (9.00 a.m. to 6.00 p.m.) from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement. This announcement is dated 17 December 2013. | |
DSONIC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
Announcement Type: General Announcement
| Company Name | DATASONIC GROUP BERHAD |
| Stock Name | DSONIC |
| Date Announced | 17 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131217-36676 |
| Type | Announcement | ||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||
| Description | Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Director has notified on the change of his interest in the securities of the Company, details as set out in the table below :- | ||||||||||||||||||
| |||||||||||||||||||
FGV - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | FELDA GLOBAL VENTURES HOLDINGS BERHAD |
| Stock Name | FGV |
| Date Announced | 17 Dec 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | FG-131217-3F49B |
Particulars of substantial Securities Holder
| Name | KUMPULAN WANG PERSARAAN (DIPERBADANKAN) |
| Address | ARAS 4,5 & 6, MENARA YAYASAN TUN RAZAK 200, JALAN BUKIT BINTANG 55100 KUALA LUMPUR |
| NRIC/Passport No/Company No. | KWAPACT6622007 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary share of RM1.00 each |
| Name & address of registered holder | Kumpulan Wang Persaraan (Diperbadankan) Aras 4,5 & 6, Menara Yayasan Tun Razak 200, Jalan Bukit Bintang 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 11/12/2013 | 130,000 |
No comments:
Post a Comment