JOBST - PROVISION OF FINANCIAL ASSISTANCE
| Company Name | JOBSTREET CORPORATION BERHAD |
| Stock Name | JOBST |
| Date Announced | 22 Nov 2013 |
| Category | General Announcement |
| Reference No | CC-131121-88B5B |
| Type | Announcement |
| Subject | PROVISION OF FINANCIAL ASSISTANCE |
| Description | JOBSTREET CORPORATION BERHAD (the "Company") - Provision of Financial Assistance by JS Vietnam Holdings Pte. Ltd. ("JS Vietnam") to JobStreet Company Limited ("JCL Vietnam") |
Kindly refer to the attachment for further information. | |
JOBST - OTHERS JOBSTREET CORPORATION BERHAD ("JCB" or the "Company") - Acquisition of a new subsidiary, JobStreet Company Limited by JS Vietnam Holdings Pte. Ltd., a subsidiary of JobStreet.com Pte. Ltd., which in turn is the wholly-owned subsidiary of JCB
| Company Name | JOBSTREET CORPORATION BERHAD |
| Stock Name | JOBST |
| Date Announced | 22 Nov 2013 |
| Category | General Announcement |
| Reference No | CC-131122-6EE7A |
| Type | Announcement |
| Subject | OTHERS |
| Description | JOBSTREET CORPORATION BERHAD ("JCB" or the "Company") - Acquisition of a new subsidiary, JobStreet Company Limited by JS Vietnam Holdings Pte. Ltd., a subsidiary of JobStreet.com Pte. Ltd., which in turn is the wholly-owned subsidiary of JCB |
Kindly refer to the attachment for further information. | |
SOLUTN - OTHERS ACQUISITION OF REMAINING STAKE IN SOLUTION BIOGEN SDN BHD (COMPANY NO: 749526-M)
| Company Name | SOLUTION ENGINEERING HOLDINGS BERHAD (ACE Market) |
| Stock Name | SOLUTN |
| Date Announced | 22 Nov 2013 |
| Category | General Announcement |
| Reference No | SE-131122-BC108 |
| Type | Announcement |
| Subject | OTHERS |
| Description | ACQUISITION OF REMAINING STAKE IN SOLUTION BIOGEN SDN BHD (COMPANY NO: 749526-M) |
ACQUISITION OF REMAINING STAKE IN SOLUTION BIOGEN SDN BHD (COMPANY NO: 749526-M) 1. INTRODUCTION Solution Engineering Holdings Berhad (Company No:654575-P) ("SEHB or the Company") wishes to announce that the Company has acquired the remaining equity interest of Twenty-Two and a Half percent (22.5%), representing Four Hundred and Fifty Thousand (450,000) ordinary shares of RM1.00 each fully paid-up in Solution Biogen Sdn Bhd (“BIOGEN”) from Mr. Pu Meng Jin for a cash consideration of Ringgit Malaysia One million and two hundred thousand (RM1,200,000) and Mr Kow Chee Kiang for a cash consideration of Ringgit Malaysia six hundred thousand (RM600,000), arrived at on a willing buyer willing seller basis after taking into consideration the existing and potential orders that the company had and / or may secured. With the abovesaid acquisitions, BIOGEN is now a wholly-owned subsidiary of SEHB. 2. INFORMATION ON BIOGEN BIOGEN was incorporated in Malaysia on 5 October 2006 and its principal activities are designing, developing, producing and trading of pilot plant for biolubricant projects and industrial lubricants. The issued and paid-up capital of BIOGEN is Ringgit Malaysia Two million (RM2,000,000) divided into Two million (2,000,000) ordinary shares of RM1.00 each fully paid up. 3. FINANCIAL EFFECTS The acquisition of BIOGEN is not expected to have a material effect on the net assets per share, earnings per share, and gearing of SEHB for the financial year ending (“FYE”) 31 December 2013. There is no impact on the issued and paid-up share capital and substantial shareholders’ shareholdings in the Company for the year ending 31 December 2013 as the acquisition is a cash transaction, funded by internally generated funds and that there are no liabilities including contingent liabilities and guarantees to be assumed by the Company arising from the above acquisition.
Mr Lim Yong Hew, Mr Pu Meng Jin and Ms Lim Chiou Kim are the directors of BIOGEN. Mr Lim Yong Hew and Miss Lim Chiou Kim are also Directors of SEHB while Mr Lim Yong Hew is also a substantial shareholder of SEHB None of the other Directors, substantial shareholders of SEHB and persons connected with them, has any direct or indirect interest in the above acquisition. 5. PERCENTAGE RATIO OF THE ACQUISITION The percentage ratio of the Acquisition is 7.26%
The rationale for the acquisition is for potential future profit contribution to SEHB by BIOGEN. The Board has considered the rationale for the acquisition and is of the view that the above acquisition is in the best interest of SEHB. 7. EFFECTS OF THE ACQUISITION 7.1 Share capital and substantial shareholders’ shareholdings The acquisition will not have any effect on the share capital and substantial shareholders’ shareholdings of the Company. 7.2 Net Asset (“NA”) and gearing For illustrative purposes only, based on the unaudited consolidated statement of financial position of SEHB as at 30 September 2013 and on the assumption that the acquisition had been effected on that date, Unaudited as at 30 September 2013 After acquisition RM’000 RM’000 Share Capital 18,556 18,556 Reserves 3,296 3,251 Merger Reserves 2,403 2,403 Shareholders’ funds/NA 24,255 24,210 =========== =========== No. of ordinary shares of RM0.10 each in SEHB (“SEHB shares”) in issue (‘000) 185,556 185,556 NA per SEHB Share (RM) 0.1337 0.1312 Total borrowings (RM’000) 1,299 1,299 Gearing (times) 5% 5% 7.3 Earnings and earnings per share (“EPS”)
The acquisition will not have any material effect on the earnings and EPS of the SEHB Group for the FYE 31 December 2013 as the acquisition is completed in the fourth quarter of 2013.
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PERDANA - OTHERS Perdana Petroleum Berhad (“PPB” or the “Company”) - Termination of Bareboat Charter and Purchase of Vessels
| Company Name | PERDANA PETROLEUM BERHAD |
| Stock Name | PERDANA |
| Date Announced | 22 Nov 2013 |
| Category | General Announcement |
| Reference No | CA-131122-91D20 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Perdana Petroleum Berhad (“PPB” or the “Company”) - Termination of Bareboat Charter and Purchase of Vessels |
Perdana Petroleum Berhad (“PPB” or the “Company”) - Termination of Bareboat Charter and Option arrangement on the Vessels The Board of Directors of PPB wishes to announce that Perdana Mercury Ltd (“PML”), a wholly-owned subsidiary of PPB, has on 21 November 2013, mutually agreed to terminate the bareboat charter arrangement with Mount Bintang LLC (“ On the same date, Perdana Pluto Ltd (“PPL”), a wholly-owned subsidiary of PPB, had entered into Memorandum of Agreements with Rationale Source of Funding The purchase the Vessels would be funded by internally generated funds and bank borrowings. The PPB Group has secured re-financing facilities of approximately USD34.0 million to part finance the purchase of the Vessels. The Termination and the Purchase does not have any effect on the issued and paid-up share capital of PPB or the shareholdings of PPB’s substantial shareholders and the net assets per share. It will result in savings in terms of lease rental expense against interest cost and depreciation of about RM10.0 million per annum. The gearing ratio will increase from 0.7 times to 0.9 times. Directors' and Major Shareholders' Interest None of the Directors, major shareholders of PPB and/or persons connected with them has any interest, direct or indirect, in the Sale and Leaseback. Approval Required The Termination and the Purchase does not require PPB’s shareholders’ approval. The Board of Directors of the Company is of the opinion that the Termination and the Purchase is in the best interest of PPB Group. This announcement is dated 22 November 2013. | |
PERDANA - OTHERS (Amended Announcement)
| Company Name | PERDANA PETROLEUM BERHAD |
| Stock Name | PERDANA |
| Date Announced | 22 Nov 2013 |
| Category | General Announcement |
| Reference No | CA-131122-D9297 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Perdana Petroleum Berhad (“PPB” or the “Company”) - Termination of Bareboat Charter and Purchase of Vessels (Correction to Purchase Consideration |
With reference to the announcement made earlier, the Board of Directors of PPB wishes to correct the information of the purchase consideration of the Vessels which should read as approximately USD50.0 million instead of RM50.0 million. | |
HWGB - OTHERS APPLICATION TO DE-REGISTER DORMANT SUBSIDIARIES: 1) HWG MANAGEMENT SERVICES SDN BHD (401597-T) 2) HWG COOPER MINING SDN BHD (747514-D)
| Company Name | HO WAH GENTING BERHAD |
| Stock Name | HWGB |
| Date Announced | 22 Nov 2013 |
| Category | General Announcement |
| Reference No | HW-131114-35111 |
| Type | Announcement |
| Subject | OTHERS |
| Description | APPLICATION TO DE-REGISTER DORMANT SUBSIDIARIES: 1) HWG MANAGEMENT SERVICES SDN BHD (401597-T) 2) HWG COOPER MINING SDN BHD (747514-D) |
The Company wishes to announce that the Board of Directors of the Company had approved and will make application to Companies Commission of Malaysia to de-register the following dormant subsidiaries from the Register of Company pursuant to Section 308 of the Companies Act, 1965: | |
PLS - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
| Company Name | PLS PLANTATIONS BERHAD |
| Stock Name | PLS |
| Date Announced | 22 Nov 2013 |
| Category | General Announcement |
| Reference No | PP-131115-37378 |
| Type | Announcement | ||||||
| Subject | MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) | ||||||
| Description | Crop and Log Productions for Oct 2013 | ||||||
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REX - Changes in Sub. S-hldr's Int. (29B) - Lee Chai Seng
| Company Name | REX INDUSTRY BERHAD |
| Stock Name | REX |
| Date Announced | 22 Nov 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | RI-131122-54143 |
Particulars of substantial Securities Holder
| Name | Lee Chai Seng |
| Address | No 6, Solok Molek, Taman Molek, 13000 Butterworth, Penang. |
| NRIC/Passport No/Company No. | 430901025193 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | No 6, Solok Molek, Taman Molek, 13000 Butterworth, Penang. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 14/11/2013 | 63,000 |