December 26, 2013

Company announcements: PUNCAK, KOBAY, SEACERA, SYF, TOPGLOV, PWORTH, ULICORP, TOYOINK

PUNCAK - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NamePUNCAK NIAGA HOLDINGS BERHAD  
Stock Name PUNCAK  
Date Announced26 Dec 2013  
CategoryGeneral Announcement
Reference NoPN-131226-31AD8

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionPUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
KUALA LUMPUR HIGH COURT WRIT SUMMONS NO: 22NCC-543-2011 KONSORTIUM ABASS SDN BHD ("KONSORTIUM ABASS") VS SYARIKAT BEKALAN AIR SELANGOR SDN BHD ("SYABAS")(THE "SUIT")
- APPEAL TO THE FEDERAL COURT BY SYABAS

Reference is made to the Company's earlier announcements dated 29 March 2011, 31 March 2011, 5 April 2011, 12 April 2011, 9 May 2011, 30 May 2011, 7 July 2011, 29 July 2011, 26 August 2011, 26 September 2011, 5 October 2011, 21 October 2011, 31 October 2011, 3 November 2011, 11 November 2011, 17 November 2011, 21 November 2011, 23 November 2011, 30 November 2011, 8 December 2011, 14 December 2011, 5 January 2012, 13 January 2012, 20 January 2012, 3 February 2012, 13 February 2012, 14 February 2012, 5 March 2012, 6 March 2012, 15 March 2012, 16 March 2012, 19 March 2012, 20 April 2012, 28 June 2012, 3 July 2012, 31 July 2012, 8 August 2012, 14 September 2012, 26 November 2012, 7 December 2012, 7 January 2013, 21 January 2013, 25 February 2013, 18 March 2013, 27 March 2013, 28 August 2013, 6 November 2013 and 14 November 2013 in relation to the Suit.

The Company would like to update the Exchange that the Federal Court has brought forward the case management on the Appeal filed by SYABAS against the decision of the Court of Appeal dated 21 January 2013 from 13 January 2014 to 31 December 2013.

The Court of Appeal had previously dismissed SYABAS' appeal against the decision of the Kuala Lumpur High Court on 31 July 2012 in allowing the State Government of Selangor's application to set aside the Third Party Notice and Statement of Claim filed by SYABAS against the State Government of Selangor. However, during the Hearing on 28 August 2013, the Federal Court granted leave to SYABAS to appeal against the said decision of the Court of Appeal.

This announcement is dated 26 December 2013.



KOBAY - OTHERS ACQUISITION OF NEW SUBSIDIARY

Announcement Type: General Announcement
Company NameKOBAY TECHNOLOGY BERHAD  
Stock Name KOBAY  
Date Announced26 Dec 2013  
CategoryGeneral Announcement
Reference NoKT-131213-60313

TypeAnnouncement
SubjectOTHERS
DescriptionACQUISITION OF NEW SUBSIDIARY

The Board of Directors of Kobay Technology Bhd. (“Kobay”) wishes to announce that on 26 December 2013, Kobay has subscribed for 70% equity interest in Wirama Progresif Sdn. Bhd. (Company No. 908317-P) (“Wirama”) of which comprises 7,000 ordinary shares of RM1.00 each for a cash consideration of RM7,000.00.

Wirama was incorporated on 16 July 2010 as a private company limited by shares. Its authorised share capital is RM100,000 comprising 100,000 ordinary shares of RM1.00 each, of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up.

Subsequent to the subscription, Wirama will become a 70% owned subsidiary company of Kobay. The other 30% equity interest is held by a Malaysian individual, Mr. Lam Wan Loong. Currently, Wirama is dormant and its intended principal activity will be supply of engineering parts and accessories, and services to oil & gas industry.

The subscription is not expected to have material financial impact on Kobay’s earning per share, net assets per share, gearing, share capital or its substantial shareholders’ shareholding for the financial year ending 30 June 2014.

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

This announcement is dated 26 December 2013.



SEACERA - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameSEACERA GROUP BERHAD  
Stock Name SEACERA  
Date Announced26 Dec 2013  
CategoryGeneral Meetings
Reference NoCA-131226-31544

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting26/12/2013
Time10:00 AM
VenueLot 16428, 14 km, Jalan Ipoh, Kawasan Perindustrian Selayang, 68100 Batu Caves, Selangor Darul Ehsan
Outcome of Meeting

The Board of Directors of Seacera Group Berhad (“SGB”) wishes to inform that the shareholders of SGB have at the Extraordinary General Meeting ("EGM") held this morning approved all the resolutions set out in the Notice of the EGM dated 11 December 2013.



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

Announcement Type: General Announcement
Company NameSYF RESOURCES BERHAD  
Stock Name SYF  
Date Announced26 Dec 2013  
CategoryGeneral Announcement
Reference NoCK-131226-41177

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 has received notification from Mr. Ng Ah Chai, the Director of SYF Resources Bhd in relation to the acquisition of the ordinary shares of RM0.25 each of the Company, details of which are set out in the table below:-

Date of Dealing

Number of Shares
acquired

Price per shares
(RM)

% of securities

20 December 2013

3,000,000

(direct deal)

0.530

1.10

20 December 2013

700,000

(direct deal)

0.530

0.26

Total issued and paid-up share capital is RM68,319,176.50 divided into 273,276,706 ordinary shares (including 820,000 treasury shares) of RM0.25 each.



TOPGLOV - 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 NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced26 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTG-131224-246CB

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 incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
for Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
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)
Disposed20/12/2013
721,200
 

Circumstances by reason of which change has occurredDisposal of shares by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Nature of interestDirect Interest
Direct (units)31,914,573 
Direct (%)5.1431 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change31,914,573
Date of notice23/12/2013

Remarks :
The total number of 31,914,573 Ordinary Shares of RM0.50 each are held through the following holders:
1) 25,538,573 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board;
2) 1,500,000 Ordinary Shares are registered in the name of Employees Provident Fund Board;
3) 802,700 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (KIB);
4) 3,227,700 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (CIMB PRI);
5) 600,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (ARIM); and
6) 245,600 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (TEMPLETON).

Top Glove Corporation Bhd received the Form 29B on 26 December 2013.


PWORTH - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NamePRICEWORTH INTERNATIONAL BERHAD  
Stock Name PWORTH  
Date Announced26 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131226-50321

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionCAPITAL INVESTMENT AGENCY (“PLAINTIFF”) vs PRICEWORTH INTERNATIONAL BERHAD (“DEFENDANT”) IN THE HIGH COURT IN SABAH AND SARAWAK AT SANDAKAN SUIT NO. SDK-22NCvv-16/12-2013

The Board of Directors of Priceworth International Berhad (“PIB” or the “Company”) wishes to inform that PIB has on 17 December 2013 been served with a Writ of Summons and Statement of Claim dated 12 December 2013 ("the Suit") from the Plaintiff, one Capital Investment Agency, purportedly providing financial advisory and consultancy services and having its business address at Chislehurst Business Centre, 1 Bromley Lane, Chislehurst, Kent BR& 6LH, United Kingdom.

The Plaintiff's alleged claim in the Suit against the Company is for alleged outstanding commission in the sum of USD4,988,338.00 together with interests and costs purportedly pursuant to a Mandate Agreement dated 12 November 2010 for supposedly arranging a term loan offer of USD167,527,946.00 for the Company.

The alleged sum claimed by the Plaintiff represented 7.4% of the net assets of the PIB Group as at 30 June 2013.

PIB does not anticipate any losses from the Suit as it regards the Mandate Agreement to be uncertain, null and void, and unenforceable. In any event, the term loan offer did not materialized.

PIB has engaged the legal firm of Messrs P.K. Lim & Co. as its advocates and solicitors to dispute and defend the claim/Suit and, if deemed fit, to consider a counterclaim for any losses and legal costs against the Plaintiff. The Suit is undergoing the normal court processes before it can be fixed for hearing or trial.



ULICORP - OTHERS UNITED U-LI CORPORATION BERHAD (“ULICORP” or "the Company")- ACCEPTANCE OF BANKING FACILITIES GRANTED TO UNITED U-LI (M) SDN BHD (“ULSB”), A WHOLLY-OWNED SUBSIDIARY OF ULICORP

Announcement Type: General Announcement
Company NameUNITED U-LI CORPORATION BERHAD  
Stock Name ULICORP  
Date Announced26 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131218-43291

TypeAnnouncement
SubjectOTHERS
DescriptionUNITED U-LI CORPORATION BERHAD (“ULICORP” or "the Company")- ACCEPTANCE OF BANKING FACILITIES GRANTED TO UNITED U-LI (M) SDN BHD (“ULSB”), A WHOLLY-OWNED SUBSIDIARY OF ULICORP

Pursuant to Part C of Chapter 9, Paragraph 9.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ULCORP wishes to announce that United U-Li (M) Sdn. Bhd. ("ULSB"), a wholly-owned subsidiary of ULICORP, has secured banking facilities from AMBANK (M) Berhad ("AMBANK") as follows:

FacilitiesAmountPurpose
Term Loan 1 RM8.4 million

To finance up to RM8,400,000.00 (representing 80%) of the construction costs of a single storey factory ("Factory") (hereinafter referred to as "the Project"), to be constructed on parcel of leasehold industrial land (expiring 19/08/2089), measuring approximately 355, 564 square feet in land area, held under PN6246, Lot No. 755, Pekan Nilai, District of Seremban, State of Negeri Sembilan Darul Khusus, having postal address at Lot No.PT1481, Jalan Emas 1, Nilai Industrial Estate, 71800 Nilai, Negeri Sembilan Darul Khusus (hereinafter referred to as "the Property").

Term Loan 2RM24 million To finance up to RM24,000,000.00 (representing 80%) of the purchase price of plant and machinery, equipment and other equipment as approved by AMBANK for the Factory (hereinafter collectively referred to as "the Equipment").

ULSB has an authorised and paid-up share capital of RM5,000,000.00 and RM4,700,000.00 respectively. The principal activity of ULSB is Manufacturing and dealing of cable support systems, integrated ceiling systems, steel roof battens and related industrial metal products.

This announcement is dated 26th December 2013.



TOYOINK - Changes in Director's Interest (S135) - Ng Chong You

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTOYO INK GROUP BERHAD  
Stock Name TOYOINK  
Date Announced26 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-131224-08C92

Information Compiled By KLSE

Particulars of Director

NameNg Chong You
AddressNo. 4, Jalan SS 18/5A,
Subang Jaya,
47500 Petaling Jaya,
Selangor Darul Ehsan.
Descriptions(Class & nominal value)Ordinary shares @ RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
23/12/2013
185,000
 

Circumstances by reason of which change has occurredIndirect interest held by my son:-
- Acquisition of shares via off market transaction
Nature of interestDirect & Indirect
Consideration (if any) 

Total no of securities after change

Direct (units)6,310,043 
Direct (%)5.9 
Indirect/deemed interest (units)1,023,500 
Indirect/deemed interest (%)0.96 
Date of notice26/12/2013


TOYOINK - Changes in Sub. S-hldr's Int. (29B) - Ling Ha Kee

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTOYO INK GROUP BERHAD  
Stock Name TOYOINK  
Date Announced26 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-131224-08CAD

Particulars of substantial Securities Holder

NameLing Ha Kee
AddressNo. 4, Jalan SS 18/5A,
Subang Jaya,
47500 Petaling Jaya,
Selangor Darul Ehsan.
NRIC/Passport No/Company No.550605-08-5614
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares @ RM1.00 each
Name & address of registered holder1. Ling Ha Kee
No. 4, Jalan SS 18/5A,
Subang Jaya,
47500 Petaling Jaya,
Selangor Darul Ehsan.

2. Ng Chong You
No. 4, Jalan SS 18/5A,
Subang Jaya,
47500 Petaling Jaya,,
Selangor Darul Ehsan.

3. Ng Tze Woei
Block C9-05, Jalan Awan Pintal,
Greenpark Condo, Taman Yarl,
58200 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/12/2013
185,000
 

Circumstances by reason of which change has occurredIndirect interest held by my son:-
- Acquisition of shares via off market transaction
Nature of interestDirect & Indirect
Direct (units)90,000 
Direct (%)0.08 
Indirect/deemed interest (units)7,243,543 
Indirect/deemed interest (%)6.77 
Total no of securities after change7,333,543
Date of notice26/12/2013


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

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTOYO INK GROUP BERHAD  
Stock Name TOYOINK  
Date Announced26 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-131224-08CA0

Particulars of substantial Securities Holder

NameNg Chong You
AddressNo. 4, Jalan SS 18/5A,
Subang Jaya,
47500 Petaling Jaya,,
Selangor Darul Ehsan.
NRIC/Passport No/Company No.500114-08-5243
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares @ RM1.00 each
Name & address of registered holder1. Ng Chong You
No. 4, Jalan SS 18/5A,
Subang Jaya,
47500 Petaling Jaya,
Selangor Darul Ehsan.

2. Ling Ha Kee
No. 4, Jalan SS 18/5A,
Subang Jaya,
47500 Petaling Jaya,
Selangor Darul Ehsan.

3. Ng Tze Woei
Block C9-05, Jalan Awan Pintal,
Greenpark Condo, Taman Yarl,
58200 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/12/2013
185,000
 

Circumstances by reason of which change has occurredIndirect interest held by my son:-
- Acquisition of shares via off market transaction
Nature of interestDirect & Indirect
Direct (units)6,310,043 
Direct (%)5.9 
Indirect/deemed interest (units)1,023,500 
Indirect/deemed interest (%)0.96 
Total no of securities after change7,333,543
Date of notice26/12/2013


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