December 4, 2013

Company announcements: PETGAS, AEON, CRESNDO, PUNCAK, UBB, LSTEEL, BRIGHT

PETGAS - 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 NamePETRONAS GAS BERHAD  
Stock Name PETGAS  
Date Announced4 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPG-131204-AD3A4

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARD
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share of RM1.00/share
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD

Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed29/11/2013
29,900
 
Disposed29/11/2013
68,700
 

Circumstances by reason of which change has occurred1.Sale of Shares Managed by Portfolio Manager(HDBS)
2.Sale of Shares Managed by Portfolio Manager(NOMURA)
Nature of interestDirect
Direct (units)270,451,100 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change270,451,100
Date of notice02/12/2013

Remarks :
The direct interest of 270,451,100 shares comprising:

a) 254,868,600 shares held by Citigroup Nominees Tempatan) Sdn. Bhd;

b) 1,497,600 shares held EPF Board;

c) 784,500 shares held by Employees Provident Fund Board (AMUNDI)

d) 193,500 shares held by Employees Provident Fund Board (KIB);

e) 1,334,500 shares held by Employees Provident Fund Board (HDBS);

f) 450,000 shares held by Employees Provident Fund Board (RHB INV);

g) 532,100 shares held by Employees Provident Fund Board (AM INV);

h) 95,000 shares held by Employees Provident Fund Board (MAYBAN);

i) 5,842,900 shares held by Employees Provident Fund Board (NOMURA);

j) 4,292,400 shares held by Employees Provident Fund Board (CIMB PRI);

k) 560,000 shares held by Employees Provident Fund Board (ARIM);

Received Form 29B on 4 December 2013


PETGAS - 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 NamePETRONAS GAS BERHAD  
Stock Name PETGAS  
Date Announced4 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPG-131204-B97B0

Particulars of substantial Securities Holder

NameKUMPULAN WANG PERSARAAN (DIPERBADANKAN)
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak,
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share of RM1.00/share
Name & address of registered holderKumpulan 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 transactionDate of change
No of securities
Price Transacted (RM)
Acquired27/11/2013
200,000
 
Acquired28/11/2013
3,000
 

Circumstances by reason of which change has occurredPurchase of shares in open market by KWAP's Fund Manager.
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change105,640,900
Date of notice03/12/2013

Remarks :
Received Form 29B on 4 December 2013


AEON - 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 NameAEON CO. (M) BHD  
Stock Name AEON  
Date Announced4 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131204-AC927

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group, Inc ("MUFG")
Address7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8330, Japan
NRIC/Passport No/Company No.NIL
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderMorgan Stanley & Co. International plc ("Morgan Stanley")
25 Cabot Square
Canary Wharf
London E14 4QA

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/11/2013
100
 

Circumstances by reason of which change has occurredSale by Morgan Stanley Group



MUFG is deemed interested in the shares by virtue of:


1. MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen.


2. MUFG's holding more than 15% interest in shares of Morgan Stanley Group.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)71,691,866 
Indirect/deemed interest (%)20.425 
Total no of securities after change71,691,866
Date of notice03/12/2013

Remarks :
The total number of 71,691,866 Ordinary Shares of RM1.00 each are held as follows:


(i) 71,671,000 Ordinary Shares of RM1.00 each are registered in the name of Aberdeen and its subsidiaries; and
(ii) 20,866 Ordinary Shares of RM1.00 each are registered in the name of Morgan Stanley.

The Form 29B was received by the Company on 4 December 2013.


CRESNDO - NOTICE TO WARRANT HOLDERS IN RELATION TO THE EXPIRY AND LAST DATE FOR THE EXERCISE OF THE WARRANTS

Announcement Type: PDF Submission
Company NameCRESCENDO CORPORATION BERHAD  
Stock Name CRESNDO  
Date Announced4 Dec 2013  
CategoryPDF Submission
Reference NoCC-131107-56305

SubjectNOTICE TO WARRANT HOLDERS IN RELATION TO THE EXPIRY AND LAST DATE FOR THE EXERCISE OF THE WARRANTS


PUNCAK - OTHERS PUNCAK NIAGA HOLDINGS BERHAD (416087-U)("PUNCAK" OR "THE COMPANY") 1. CONSOLIDATION OF THE SELANGOR WATER INDUSTRY - INDICATIVE TERMS AND CONDITIONS FOR PROPOSED PURCHASE OF 100% EQUITY IN PUNCAK NIAGA (M) SDN BHD ("PNSB") 2. CONSOLIDATION OF THE SELANGOR WATER INDUSTRY - INDICATIVE TERMS AND CONDITIONS FOR THE PROPOSED PURCHASE OF 70% EQUITY IN SYARIKAT BEKALAN AIR SELANGOR SDN BHD ("SYABAS") OTHER THAN EQUITY ALREADY OWNED BY KUMPULAN DARUL EHSAN BERHAD ("KDEB")

Announcement Type: General Announcement
Company NamePUNCAK NIAGA HOLDINGS BERHAD  
Stock Name PUNCAK  
Date Announced4 Dec 2013  
CategoryGeneral Announcement
Reference NoPN-131204-099C1

TypeAnnouncement
SubjectOTHERS
DescriptionPUNCAK NIAGA HOLDINGS BERHAD (416087-U)("PUNCAK" OR "THE COMPANY")
1. CONSOLIDATION OF THE SELANGOR WATER INDUSTRY
- INDICATIVE TERMS AND CONDITIONS FOR PROPOSED PURCHASE OF 100% EQUITY IN PUNCAK NIAGA (M) SDN BHD ("PNSB")
2. CONSOLIDATION OF THE SELANGOR WATER INDUSTRY
- INDICATIVE TERMS AND CONDITIONS FOR THE PROPOSED PURCHASE OF 70% EQUITY IN SYARIKAT BEKALAN AIR SELANGOR SDN BHD ("SYABAS") OTHER THAN EQUITY ALREADY OWNED BY KUMPULAN DARUL EHSAN BERHAD ("KDEB")

Reference is made to the Company’s recent announcement dated 21 November 2013 in relation to the above.

Puncak wishes to update the Exchange that the Board of Directors of the Company had at a Special Board of Directors' Meeting held on 3 December 2013 deliberated on the Offers made by KDEB to purchase 100% equity in PNSB and 70% equity in SYABAS, as presented by the Management of the Company and its Adviser, Hong Leong Investment Bank Berhad. The Executive Chairman and major shareholder of Puncak, YBhg Tan Sri Rozali Bin Ismail was not present at the said Special Board of Directors' Meeting during the Board's deliberation on the said subject matter and hence, had abstained from deliberation and decision making at the Board level in respect of the said subject matter.

For full details of the announcement, please refer to the attached file.

This announcement is dated 4 December 2013.

 



PUNCAK - OTHERS PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR "THE COMPANY") MEDIA RELEASE ON STATUS OF TAKE OVER OFFERS ON EQUITY OF PUNCAK NIAGA AND SYABAS MADE BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), ON BEHALF OF SELANGOR STATE GOVERNMENT

Announcement Type: General Announcement
Company NamePUNCAK NIAGA HOLDINGS BERHAD  
Stock Name PUNCAK  
Date Announced4 Dec 2013  
CategoryGeneral Announcement
Reference NoPN-131204-099B2

TypeAnnouncement
SubjectOTHERS
DescriptionPUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR "THE COMPANY")
MEDIA RELEASE ON STATUS OF TAKE OVER OFFERS ON EQUITY OF PUNCAK NIAGA AND SYABAS MADE BY KUMPULAN DARUL EHSAN BERHAD (“KDEB”), ON BEHALF OF SELANGOR STATE GOVERNMENT

Further to a separate general announcement released by the Company on even date on the Offers made by KDEB to purchase 100% equity in Puncak Niaga (M) Sdn Bhd ("Puncak Niaga") and 70% equity in Syarikat Bekalan Air Selangor Sdn Bhd ("SYABAS"), the Company has issued a Media Release in relation to the above this evening.

Copies of the said Media Release (in multilingual languages) are attached for immediate release by the Exchange.

This announcement is dated 4 December 2013.

 



UBB - Notice of Person Ceasing (29C) - Loh Tze Yee

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Company NameUNITED BINTANG BERHAD  
Stock Name UBB  
Date Announced4 Dec 2013  
CategoryNotice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference NoCP-131203-33438

Particulars of substantial Securities Holder

NameLoh Tze Yee
AddressNo. 1, Jalan SS2/15A
47300 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.780202-14-5647
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Date of cessation29/11/2013
Name & address of registered holderLoh Tze Yee
No. 1, Jalan SS2/15A
47300 Petaling Jaya
Selangor Darul Ehsan
CurrencyMalaysian Ringgit (MYR)
Number of securities disposed5,269,079 
Price Transacted ($$) 
Circumstances by reason of which a person ceases to be a substantial securities HolderOff market disposal
Nature of interestDirect
Date of notice04/12/2013


LSTEEL - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameLEADER STEEL HOLDINGS BERHAD  
Stock Name LSTEEL  
Date Announced4 Dec 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-131203-59143

Date of buy back from29/11/2013
Date of buy back to29/11/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)50,000
Minimum price paid for each share purchased ($$)0.290
Maximum price paid for each share purchased ($$)0.290
Total amount paid for shares purchased ($$)14,500.00
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)50,000
Total number of shares retained in treasury (units)184,200
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies04/12/2013
Lodged by Boardroom Corporate Services (Penang) Sdn Bhd


BRIGHT - OTHERS ADDITIONAL ANNOUNCEMENT ON SPECIAL AUDIT OF FINANCIAL STATEMENTS FOR THE FIVE (5) MONTHS PERIOD ENDED 31 JANUARY 2013

Announcement Type: General Announcement
Company NameBRIGHT PACKAGING INDUSTRY BERHAD  
Stock Name BRIGHT  
Date Announced4 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131204-65265

TypeAnnouncement
SubjectOTHERS
DescriptionADDITIONAL ANNOUNCEMENT ON SPECIAL AUDIT OF FINANCIAL STATEMENTS FOR THE FIVE (5) MONTHS PERIOD ENDED 31 JANUARY 2013

We refer to our announcement on 3 December 2013 pertaining to our special audit of financial statements for the five (5) months period ended 31 January 2013.

The Board wishes to provide the rationale for the issuance of the updated special audit of financial statements for the five (5) months period ended 31 January 2013. Further to our announcement dated 20 February 2013 and 21 February 2013 pertaining to the special audit of financial statements for the 5 month period ended 31 January 2013, the Company has issued an updated audited financial statements for the same financial period. The updated audited financial statements is dated 3 December 2013.

The Board has reviewed the first special audit of financial statements for the five (5) months period ended 31 January 2013 which the Company announced on 20 February 2013 and noted a qualified opinion in the Independent Auditors’ Report, pertaining to the “Non-compliance with Malaysian Financial Reporting Standards (“MFRS”) 101 – Presentation of Financial Statements” of the said special audit report.

The independent auditors further explained the said non-compliance in Note 2.1 on the basis of preparation to the financial statements, whereby the said report has not adhered to the presentation and disclosure requirements spelled out in MFRS 101, to disclose comparative information in respect of the previous period for all amounts reported in the current period’s financial statements and also include comparative information for narrative and descriptive information whom it is relevant to an understanding of the current period’s financial statements.

In order to provide quality financial information to our shareholders, the Company subsequently provided further information and supporting documents to its Independent Auditors for the updated special audited financial statements for the five (5) months period ended 31 January 2013, ensuring full compliance with MFRS.

The updated financial statements for the five (5) months period ended 31 January 2013 are prepared in compliance with MFRS.

The financial impacts arising from the change are summarized as follows:-

No.

Items

Further clarifications

1.

The election of the fair value of properties as deemed costs, upon preparation of the financial statements for the 5 month period ended 31 January 2013 using the new MFRS accounting standards.

 

 

In the previous audited financial statements dated 19 February 2013 (“Previous FS”), the Group has measured their freehold land and buildings at valuation. Whilst, in the updated audited financial statements dated 3 December 2013 (“Updated FS”), the Group elected to use the previous revaluation as deemed cost under the MFRSs.

The effect of this election is the properties are revalued at 1 September 2011, and the corresponding revaluation reserve arising from the revaluation is then transferred to accumulated losses as of that date.

Further to the effects as disclosed in Note 27 to the Updated FS, the changes between the Updated FS to Previous FS are as follows:-


 

Previous FS

 

 

Updated FS

 

As at 31

January 2013

 

Transition

Effects

As at 31January 2013

 

RM

RM

RM

The Group

 

 

 

Statements of financial position (Extract):-

 

 

 

 

 

 

 

Property, plant and equipment

24,411,835

2,073,053

26,484,888

Revaluation reserves

14,824,261

(14,824,261)

-

Accumulated losses

(23,799,779)

15,341,699

(8,458,080)

Deferred tax liabilities

1,044,201

1,555,615

2,599,816

 

 

Previously FS

 

Updated FS

 

Five (5) months period ended 31

January 2013

Transition Effects

Five (5) months period ended 31

January 2013

 

RM

RM

RM

The Group

 

 

 

Statements of profit of loss and other comprehensive income (Extract):-

 

 

 

 

 

 

 

Administrative expenses

686,894

76,800

763,694

Income tax expenses

870,500

120,484

990,984

Other comprehensive income – revaluation of properties

12,331,185

(12,331,185)

-

 

 

 

 

 

2.

Recognition of the fair value of the building located on the land owned by the Group (Lot 38560), which was omitted in the previous audited financial statements dated 19 February 2013

In the Previous FS, the Group have not taken into account the value of the 4-storey building situated on the land (Lot 38560) belonging to Acorn Properties Sdn Bhd a subsidiary of the Company. The aforesaid building was constructed by the previous tenant As at 19 February 2013, the date of the Previous FS, the management was in the midst of establishing the legal ownership of the said building as the previous tenant had ceased operation since year 2007 and the lease over the property had expired. The vacant possession of the building is held by the Group and there are no claims over it that are threatened or pending by the previous tenant

In the Updated FS, the Group has recognised the fair value of the said building after ascertaining the legal ownership of the building.

The fair value of the said building amounted to RM4,680,000 has been recognised on 1 September 2011 upon the adoption of item 1 above and resulted in the following financial impacts to the Updated FS:-

 

 

As at 31 January 2013

As at 31 August 2012

As at 1 September 2011

 

RM

RM

RM

Increase in property, plant and equipment

4,547,400

4,586,400

4,680,000

Increase in deferred tax liabilities

1,136,850

1,146,600

1,170,000

Decrease in accumulated losses

3,410,550

3,439,800

3,510,000

Increase in depreciation charges

(39,000)

(93,600)

-

Decrease in tax expense

9,750

23,400

-


The above effects were included in the Note 27 to the Updated FS and item 1 above.

 

3.

The comparatives for the 5 month period ended 31 January 2012 have now been incorporated into the financial statements, in accordance with MFRS 134: Interim Financial Reporting, which were omitted in the previous audited financial statements dated 19 February 2013.

There is no financial impact on the financial statements of the Group other than the presentation format of the comparatives statements of profit or loss and other comprehensive income, statements of changes in equity and statements of cash flows of the Group as well as the related notes. The comparatives for the 5 month period ended 31 January 2012 have now been incorporated into the Updated FS.

4.

The auditors, Messrs Crowe Horwath, have expressed an unmodified opinion on the financial statements of the Group for the 5 month period ended 31 January 2013.

The auditors Messrs Crowe Horwath have expressed a modified opinion on the Previous FS on the following matters arising from the audit:-


(i) The Group have not taken into account the value of the 4-storey building situated on the land (Lot 38560) belonging to Acorn Properties Sdn Bhd a subsidiary of the Company. The aforesaid building was constructed by the previous tenant As at the date of the Previous FS at 19 February 2013, the management were in the midst of establishing the legal ownership of the said building as the previous tenant had ceased operation since year 2007 and the lease over the property had expired. The vacant possession of the building is held by the Group and there are no claims over it that are threatened or pending by the previous tenant.; and

(ii)  Non-compliance with MFRS 134 – Interim Financial Reporting whereby the comparatives for the 5 month period ended 31 January 2012 have been omitted.

In regards to the items 2 and 3 as explained above, the auditors, Messrs Crowe Horwath, have expressed an unmodified opinion on the updated financial statements of the Group for the 5 month period ended 31 January 2013. 

This announcement is dated 4 December 2013.



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