December 12, 2013

Company announcements: KFM, LBICAP, PRLEXUS, FRB, KPSCB, ADVPKG, RCECAP

KFM - Changes in Director's Interest (S135) - DENNIS TOW JUN FYE

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced12 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-131212-55594

Information Compiled By KLSE

Particulars of Director

NameDENNIS TOW JUN FYE
AddressNO.3, JALAN BUMIPUTERA, STULANG LAUT
80300 JOHOR BAHRU, JOHOR
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
11/12/2013
198,000
0.286 

Circumstances by reason of which change has occurredACQUIRED FROM OPEN MARKET
Nature of interestDIRECT
Consideration (if any) 

Total no of securities after change

Direct (units)8,482,000 
Direct (%)13.02 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice12/12/2013

Remarks :
1. This announcement served as an announcement pursuant to 14.09 of the Main Listing Requirements.
2. The Notice received on 12 December 2013.
3. The 8,482,000 ordinary shares represent 13.02% of the total issued ordinary shares of the Company.


KFM - Changes in Sub. S-hldr's Int. (29B) - DENNIS TOW JUN FYE

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced12 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-131212-58507

Particulars of substantial Securities Holder

NameDENNIS TOW JUN FYE
AddressNO.3, JALAN BUMIPUTERA, STULANG LAUT
80300 JOHOR BAHRU, JOHOR
NRIC/Passport No/Company No.850819-01-5499
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderDENNIS TOW JUN FYE
NO.3, JALAN BUMIPUTERA, STULANG LAUT,
80300 JOHOR BAHRU, JOHOR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired11/12/2013
198,000
0.286 

Circumstances by reason of which change has occurredACQUIRED FROM OPEN MARKET
Nature of interestDIRECT
Direct (units)8,482,000 
Direct (%)13.02 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change8,482,000
Date of notice12/12/2013

Remarks :
This Form 29B received on 12 December 2013


LBICAP - OTHERS PROPOSED ACQUISITION OF LAND FROM LEE AH SEONG (“VENDOR”) FOR A CASH CONSIDERATION OF RM6,200,000 (“PROPOSED ACQUISITION”)

Announcement Type: General Announcement
Company NameLBI CAPITAL BERHAD  
Stock Name LBICAP  
Date Announced12 Dec 2013  
CategoryGeneral Announcement
Reference NoCN-131212-3E2CE

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED ACQUISITION OF LAND FROM LEE AH SEONG (“VENDOR”) FOR A CASH CONSIDERATION OF RM6,200,000 (“PROPOSED ACQUISITION”)

1. INTRODUCTION

The Board of Directors of LBI, is pleased to announce that Goldmount Resources Sdn Bhd (Company No.: 624586-A)(“GMR or the Purchaser”), a wholly-owned subsidiary of LBI, had on 12 December 2013 entered into a Sale and Purchase agreement (“SPA”) with Lee Ah Seong of No. 33, Jalan Sg. Niboang 1-C, Taman Mewah Baru, Klang, Selangor Darul Ehsan (“the Vendors”) for the acquisition of all two (2) parcels of land measuring approximately 10.0 acres in total forming part of the land held under Hakmilik No. 480, Lot 537 and Hakmilik No. 582, Lot 535, both of Mukim Telok Panglima Garang & Daerah Kuala Langat, Negeri Selangor (“the said land”), for a total cash consideration of RM6,200,000.00.

Further details of the Proposed Acquisition are set out in the ensuing paragraphs.

2. PROPOSED ACQUISITION

2.1 Details of the Proposed Acquisition

Pursuant to the SPA, the total cash consideration of RM6,200,000.00 to be satisfied in cash by GMR in the following manner:-

(a) A sum of RM620,000.00 paid by GMR to the Vendors upon execution of the SPA;

and

(b) the balance of RM5,580,000.00 shall be paid by GMR to the Vendors within the period of 3 months from the date of the SPA failing which the Vendors shall grant to the Purchaser an extension of 1 month to complete the transaction provided always that the Purchaser shall pay interest at the interest rate of 8% per annum on all sum remaining outstanding.

2.2 Basis of purchase consideration

The purchase consideration was based on a “willing-buyer willing-seller” basis.

2.3 Mode of satisfaction of the purchase consideration

The purchase consideration will be satisfied by way of cash from internally generated funds and bank borrowing.

3. INFORMATION ON THE LAND

The said land are freehold land comprising two (2) individual titles held under Hakmilik No. 480, Lot 537 and Hakmilik No. 582, Lot 535, both of Mukim Teluk Panglima Garang & Daerah Kuala Langat, Negeri Selangor, measuring approximately 10.0 acres in total. The said land current status is agriculture.

The said land is accessible through Jalan Banting, Klang and located in an area where potential development is good within the next five years.

4. INFORMATION OF VENDOR

The vendor is Lee Ah Siong (NRIC: 660430-10-5763) of No. 33, Jalan Sg. Nibong 1-C, Taman Mewah Baru, Klang, Selangor Darul Ehsan

5. COST OF INVESTMENT

The original cost of investment(s) is not available at this point of time.

6. RATIONALE

The proposed acquisition is to enhance LBI’s property development activities. GMR plans to develop the said land into residential within the next five years.

The acquisition will increased the development land of the Group and will contribute higher earnings in the future.

7. RISKS

7.1 Business Risk

The inherent risk of the property development sector include shortages of building material, building material cost increases, labour costs, shortages of labour including foreign workers, slow collection and availability of bank borrowings.

Although LBI Group seeks to limit these risks, no assurance can be given that any change in these factors will not have a material adverse impact on the LBI Group.

7.2 Competition

Despite the government’s stimulus packages to stimulate consumer demand as well as the current low mortgage rates environment, the property market normally would subject to fluctuation in buyer sentiment and supply condition in a particular area where the property is located.

7.3 Delay In Completion Of Projects

Development projects are subject to various regulatory approvals and the completion of development projects on time is dependent on many external factors, such as uninterrupted adequate labour supply by the contractors, weather conditions, obtaining the regulatory approvals as scheduled, securing construction materials in adequate amounts, favourable credit terms and satisfactory performance of building contractors which may be appointed to complete the development project.

There can be no assurance that these factors will not lead to unforeseen significant delays in completion of the project. These delays may have a direct impact on LBI Group’s future profitability.

8. EFFECTS OF THE PROPOSED ACQUISITION

8.1 Share Capital

There will be no effect to the share capital of LBI as the Proposed Acquisition is entirely satisfied by cash and does not involve any new issuance of new ordinary shares in LBI.

8.2 Earnings

The development prospects of the Property pursuant to the Proposed Acquisition are expected to contribute positively to the earnings of LBI Group in the future. However, at this juncture, LBI is not able to determine the extent of the earnings contribution resulting from the Proposed Acquisition.

8.3 Substantial Shareholders

There will not be any effect to the substantial shareholders of the Company as the Proposed Acquisition does not involve any new issuance of LBI Shares.

8.4 Net Tangible Asset (“NTA”)

There will be no effect to the NTA position of the Company as the Proposed Acquisition will be satisfied entirely via cash.

9. COMPLETION DATE

The Proposed Acquisition is expected to be completed within 3 months from the date of the SPA.

10. APPROVALS

The Proposed Acquisition is not subject to shareholder approval.

11. DEPARTURE FROM THE SC GUIDELINES

To the best knowledge of the Board, the Proposed Acquisition does not have any departure from the SC Guidelines.

12. DIRECTORS AND MAJOR SHAREHOLDERS INTERESTS

None of the directors, major shareholders and/or any person connected with them have any interest, direct or indirect, in the Proposed Acquisition.

13. DIRECTORS RECOMMENDATION

The Board of LBI is of the opinion that the Proposed Acquisition is in the best interest of the LBI Group.

14. DOCUMENTS FOR INSPECTION

The SPA may be inspected at the registered office of LBI at Lot 1282, Jalan Bukit Kemuning, Seksyen 32, 40460 Shah Alam, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.



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

Announcement Type: Financial Results
Company NamePROLEXUS BERHAD  
Stock Name PRLEXUS  
Date Announced12 Dec 2013  
CategoryFinancial Results
Reference NoCC-131212-651F6

Financial Year End31/07/2014
Quarter1
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
66,560
49,300
66,560
49,300
2Profit/(loss) before tax
3,845
4,145
3,845
4,145
3Profit/(loss) for the period
3,227
4,010
3,227
4,010
4Profit/(loss) attributable to ordinary equity holders of the parent
2,506
3,419
2,506
3,419
5Basic earnings/(loss) per share (Subunit)
3.40
4.64
3.40
4.64
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 ($$)
1.0200
0.9700

Remarks :
Comparative number of shares was restated to take into account the share split effect, in compliance with MFRS 133.
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


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

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced12 Dec 2013  
CategoryGeneral Announcement
Reference NoFR-131212-33995

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPROPOSED INVESTMENT IN BANCORE A/S: EXECUTION OF INVESTMENT AGREEMENT AND SHAREHOLDERS’ AGREEMENT

We refer to our announcements dated 21 November 2013, 27 November 2013 and 2 December 2013 in respect of the execution of the Investment Agreement and the Shareholders’ Agreement in respect of the investment in Bancore A/S (“Announcements”).

For consistency, the abbreviation and definitions used throughout this announcement are the same as those previously defined in the Announcements.

The Board of Directors of Formis Resources Berhad ("FRB") is pleased to announce that pursuant to the terms of the Investment Agreement, the assignment of 100 ordinary shares of SGD1.00 each in Bancore Asia Pte Ltd (“Bancore Asia”), an existing wholly-owned subsidiary of Continuous Network Advisers Sdn Bhd (“CNA”) which in turn a wholly-owned subsidiary of FRB, to Bancore A/S for a total cash consideration of SDG1.00 only has been completed on 12 December 2013.

Accordingly, Bancore Asia is now a 66.67% owned subsidiary of CNA.

This announcement is dated 12 December 2013.



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

Announcement Type: General Announcement
Company NameKPS CONSORTIUM BERHAD  
Stock Name KPSCB  
Date Announced12 Dec 2013  
CategoryGeneral Announcement
Reference NoKC-131210-C6B0C

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPlease refer to the Announcement Details.

Pursuant to the paragraph 14.09(a) of Chapter 14 of the Listing Requirements of Bursa Malaysia Securities Berhad for Main Market, this is to notify that the Company has received notification from the Group Managing Director of the Company, Mr Koh Poh Seng, in relation to his acquisition of the Company's shares outside the closed period as per table below:-

Date of Dealing

Consideration per share

(RM)

No. of Ordinary Shares @

RM1.00 each

% of Issued Share Capital

Transaction

11.12.2013

0.450

15,000

0.010

Acquisition of shares via open market.

This announcement is dated 12 December 2013.



KPSCB - Changes in Director's Interest (S135) - Koh Poh Seng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKPS CONSORTIUM BERHAD  
Stock Name KPSCB  
Date Announced12 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoKC-131210-C6B09

Information Compiled By KLSE

Particulars of Director

NameKoh Poh Seng
AddressNo.34, Jalan Hujan Gerimis Dua, Taman Overseas Union,
58200 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary Shares of RM1.00 Each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
11/12/2013
15,000
0.450 

Circumstances by reason of which change has occurredAcquired in open market.
Nature of interest
Consideration (if any) 

Total no of securities after change

Direct (units)59,703,925 
Direct (%)40.39 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice12/12/2013

Remarks :
This announcement is served pursuant to Paragraph 14.09 of Chapter 14 of the Main Market Listing Requirements.


KPSCB - Changes in Sub. S-hldr's Int. (29B) - Koh Poh Seng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKPS CONSORTIUM BERHAD  
Stock Name KPSCB  
Date Announced12 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKC-131210-C6B0A

Particulars of substantial Securities Holder

NameKoh Poh Seng
AddressNo.34, Jalan Hujan Gerimis Dua, Taman Overseas Union,
58200 Kuala Lumpur
NRIC/Passport No/Company No.561105-08-6569
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 Each
Name & address of registered holderKoh Poh Seng, No.34, Jalan Hujan Gerimis Dua, Taman Overseas Union, 58200 Kuala Lumpur;
Amsec Nominees (Tempatan) Sdn Bhd, 15th Floor, Bangunan Ambank Group, 55 Jalan Raja Chulan, 50200 Kuala Lumpur;
Alliance Group Nominees (Tempatan) Sdn Bhd, Menara Multi-Purpose Capital Square, 5 Jalan Munshi Abdullah, 50100 Kuala Lumpur;
Public Nominees (Tempatan) Sdn Bhd, Menara Public Bank, 148 Jalan Ampang, 50450 Kuala Lumpur;
Citicorp Nominees (Tempatan) Sdn Bhd, Level 16, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur;
OSK Nominees (Tempatan) Sdn Bhd, 10th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur;
AIBB Nominees (Tempatan) Sdn Bhd, Level 17, Menara Multi-Purpose Capital Square 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired11/12/2013
15,000
0.450 

Circumstances by reason of which change has occurredAcquired in open market.
Nature of interestDirect
Direct (units)59,703,925 
Direct (%)40.39 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change59,703,925
Date of notice12/12/2013


ADVPKG - Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameADVANCED PACKAGING TECHNOLOGY (M) BHD  
Stock Name ADVPKG  
Date Announced12 Dec 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoCC-131118-3C301

EX-date27/12/2013
Entitlement date31/12/2013
Entitlement time04:00:00 PM
Entitlement subjectInterim Dividend
Entitlement descriptionInterim Single Tier Tax Exempt Dividend of 4% net per share.
Period of interest payment to
Financial Year End31/12/2013
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noSymphony Share Registrars Sdn Bhd
Level 6 Symphony House
Pusat Dagangan Dana 1 Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Payment date 21/01/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers31/12/2013 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorPercentage
Entitlement in percentage (%)4


RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced12 Dec 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-131212-2E04F

Date of buy back12/12/2013
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)35,000
Minimum price paid for each share purchased ($$)0.270
Maximum price paid for each share purchased ($$)0.270
Total consideration paid ($$)9,519.54
Number of shares purchased retained in treasury (units)35,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)7,509,700
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 (%)0.64


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