January 22, 2014

Company announcements: OPCOM, BOILERM, MAICA, TM, HIBISCS, LATITUD, AKNIGHT, PENSONI

OPCOM - OTHERS Letter of Award for the Manufacture, Supply and Delivery of Optical Fiber Cables to Telekom Malaysia Berhad

Announcement Type: General Announcement
Company NameOPCOM HOLDINGS BERHAD (ACE Market) 
Stock Name OPCOM  
Date Announced22 Jan 2014  
CategoryGeneral Announcement
Reference NoOH-140120-59004

TypeAnnouncement
SubjectOTHERS
DescriptionLetter of Award for the Manufacture, Supply and Delivery of Optical Fiber Cables to Telekom Malaysia Berhad

The Board of Directors of Opcom Holdings Berhad ("Opcom") wishes to announce that its subsidiary, Opcom Cables Sdn. Bhd. has negotiated and accepted a RM20.3 million Letter of Award from Telekom Malaysia Berhad ("Telekom") on 22 January 2014 for the manufacture, supply and delivery of optical fiber cables to Telekom for a period of three (3) years commencing from 16 January 2014 to 15 January 2017 ("Award").

Financial Effect

The Award is expected to contribute positively towards Opcom Group's earnings and net assets for the period of the Award.

Risks

The risk factors which may affect the Award include but not limited to ordinary business risks, competition risks, operations risks, economic risks and regulatory risks.

Directors' and Substantial Shareholders' Interest

None of the Directors and substantial shareholders of Opcom and/or subsidiaries or any persons connected to them has any interest, direct or indirect, in the Award.

This announcement is dated 22 January 2014.



BOILERM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameBOILERMECH HOLDINGS BERHAD (ACE Market) 
Stock Name BOILERM  
Date Announced22 Jan 2014  
CategoryGeneral Announcement
Reference NoCK-140122-64154

Admission SponsorRHB Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionPursuant to Rule 14.08 of the ACE Market Listing Requirement of Bursa Malaysia Securities Berhad, Boilermech Holdings Berhad ("the Company") wishes to announce that they have received notification from Chia Song Kun, Chia Seong Fatt and Wong Wee Voo, the Directors of Boilermech Holdings Berhad, that they intend to trade in the securities of the Company during closed period pending announcement of the Company's financial results for the third quarter ended 31 December 2013.

The number of securities held by Chia Song Kun, Chia Seong Fatt and Wong Wee Voo as at 22 January 2014 are tabulated in the table below.

This announcement is dated 22 January 2014.

Name of Directors

Securities

Direct Interest

%

Indirect Interest

%

Chia Song Kun

Ordinary Shares of RM0.10 each

200,000

0.08

101,023,118

39.161

Chia Seong Fatt

Ordinary Shares of RM0.10 each

100,000

0.04

101,023,118

39.162

Wong Wee Voo

Ordinary Shares of RM0.10 each

20,924,085

8.11

-

-

Note:

1. Deemed interested by virtue of shares held by QL Green Resources Sdn Bhd via his and his spouse’s shareholdings of more than fifteen percent (15%) in CBG Holdings Sdn Bhd, which is a major shareholder of QL Resources Berhad (“QL”). QL holds 100% shares in QL Green Resources Sdn Bhd.

2. Deemed interested by virtue of shares held by QL Green Resources Sdn Bhd via his and his spouse’s shareholdings of more than fifteen percent (15%) in Farsathy Sdn Bhd, which is a major shareholder of QL. QL holds 100% shares in QL Green Resources Sdn Bhd.



MAICA - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameMALAYSIA AICA BERHAD  
Stock Name MAICA  
Date Announced22 Jan 2014  
CategoryGeneral Announcement
Reference NoCQ-140122-68363

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionMALAYSIA AICA BERHAD (“MAICA” OR THE “COMPANY”)

UNCONDITIONAL TAKE-OVER OFFER BY TER EQUITY SDN BHD (“TER” OR THE “OFFEROR”) TO ACQUIRE ALL THE ORDINARY SHARES OF RM0.50 EACH IN MAICA (“MAICA SHARES” OR “OFFER SHARES”) FOR A CASH CONSIDERATION OF RM0.85 PER OFFER SHARE (“OFFER”)
The Board of Directors of Maica (“Board”) wishes to announce that it had this evening, received a notice of unconditional take-over offer (“Notice”) from RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd, on behalf of the Offeror, to acquire all the Maica Shares for a cash consideration of RM0.85 per Offer Share.
The Board would deliberate on the Notice and make the necessary announcements pursuant to Section 11(11) of the Malaysian Code on Take-Overs and Mergers, 2010 on a later date.

The Board will appoint an independent adviser to advise the independent directors and non-interested shareholders of Maica, amongst others, on the merits of the Offer in due course.

A copy of the Notice is attached herewith and will be posted to the shareholders of Maica within seven (7) days from the date of this Notice.

This announcement is dated 22 January 2014.

Attachments

20140122192149156.pdf
800 KB



TM - 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 NameTELEKOM MALAYSIA BERHAD  
Stock Name TM  
Date Announced22 Jan 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTM-140122-623ED

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 Share of RM0.70 each
Name & address of registered holder1) Employees Provident Fund Board
Tingkat 19, Bangunan KWSP
Jalan Raja Laut, 50350 Kuala Lumpur.

2) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

3) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KIB)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

4) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (HDBS)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur

5) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (RHB INV)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

6) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (AM INV)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

7) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KAF FM)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

8) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur.

9) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ARIM)
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)
Disposed16/01/2014
6,000,000
 
Disposed16/01/2014
229,100
 

Circumstances by reason of which change has occurredDisposal of shares by the following portfolio managers:
a) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident
Fund Board -6,000,000.
b) Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident
Fund Board (RHB INV) - 229,100.
Nature of interestDirect
Direct (units)365,644,900 
Direct (%)10.22 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change365,644,900
Date of notice20/01/2014

Remarks :
The notice was received by Telekom Malaysia Berhad on 22 January 2014.


HIBISCS - Independent Reserves Assessment for West Seahorse ("WSH") Oil Field

Announcement Type: General Announcement
Company NameHIBISCUS PETROLEUM BERHAD  
Stock Name HIBISCS  
Date Announced22 Jan 2014  
CategoryGeneral Announcement
Reference NoHP-140122-9B367

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDGG-140121-29139
SubjectIndependent Reserves Assessment for West Seahorse ("WSH") Oil Field
DescriptionReply to Bursa Securities' Query Dated 21 January 2014
Query Letter Contents We refer to the Company's announcement dated 20 January 2014 in respect of the
aforesaid matter.

It is noted that the independent expert, Gaffney, Cline & Associate (GCA) has
upgraded its assessment of the main WSH reservoirs from Contingent Resources to
Reserves ("Upgrade in WSH Reservoirs"). In this regard, kindly furnish Bursa
Securities with the following information/clarification for public release :-

1. Further details of factors/considerations that has been taken into
account by GCA for the Upgrade in WSH Reservoirs;

2. Further clarity on the differences between Contingent Resources and
Reserves;

3. Whether the Upgrade in WSH Reservoirs has any financial and operational
impact to Hibiscus Group.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully



HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation
TGG
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)

Further to Hibiscus Petroleum Berhad’s (“Hibiscus”) announcement dated 20 January 2014 and the facsimile from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 21 January 2014 in relation to the said announcement, we set out below our responses to the same:

 

1. Further details of factors/considerations that has been taken into account by GCA for the Upgrade in WSH Reservoirs (i.e upgraded assessment of the main West Seahorse reservoirs from Contingent Resources to Reserves)

 

2. Further clarification on the differences between Contingent Resources and Reserves

 

REPLY TO QUERIES 1 & 2 (COMBINED)

 

Gaffney, Cline & Associate (“GCA”) has applied the Petroleum Resource Management System [1]  (“PRMS”) Definitions and Guidelines in re-classifying the WSH Reservoir from Contingent Resources to Reserves.

 

The distinction between Contingent Resources and Reserves is based on the definitions of discovery and commerciality including maturity of development plans, approvals and demonstration of the company’s intent to proceed with the project. The commercial criteria defined in the PRMS are:

 Evidence to support a reasonable timetable for development

 A reasonable assessment of the future economics of such development projects meeting defined investment and operating criteria

 A reasonable expectation that there will be a market for all or at least the expected sales quantities of production required to justify development

 Evidence that the necessary production and transportation facilities are available or can be made available

 Evidence that legal, contractual, environmental and other social and economic concerns will allow for the actual implementation of the recovery project being evaluated.

In the case of West Seahorse, it is the commerciality that has changed as the hydrocarbons were discovered a long time ago. The two criteria that have changed the project from sub-commercial to commercial are:

1. Approval of the Field Development Plan [2]

2. Award of the petroleum production license VIC/L31 [3]

The Field Development Plan for the West Seahorse field is made up of multiple parts which have been developed since Carnarvon Hibiscus Pty Ltd acquired a stake in the concession in January 2013. The main elements the Field Development Plan are:

 A study of the subsurface and the hydrocarbon resources it contains.

 A plan for how to best develop the resources in place including wells, facilities and export routes

 The economics for such a development

 A preliminary study of health, safety, and environment for the project

 A summary of community engagement

Once the regulator approves the Field Development Plan and grants the petroleum production license, the joint venture can commence implementation of the Field Development Plan to commercialize the hydrocarbons. This allows Contingent Resources to be reclassified as Reserves. The implementation of the Field Development Plan is subject to availability of financing.


 3. Whether the Upgrade in WSH Reservoirs has any financial and operational impact to Hibiscus Group

 

GCA was commissioned to provide an update to its February 2011 Reserves and Contingent Resources Statement for the purpose of securing debt funding for the West Seahorse project development in 2014, as the report is required by potential lenders. With the necessary debt and equity funding in place, the development of the project can progress as planned towards first oil which is expected in the first half of 2015. For clarity, neither the debt nor the full quantum of equity are currently in place but efforts are being made to achieve Final Investment Decision as soon as possible.

 

The Upgrade in WSH Reservoirs is not expected to have any significant financial impact to the Hibiscus Group for the financial year ending 31 March 2014.



[1] For more information, please refer to : http://www.spe.org/industry/reserves.php

[2] As announced by Hibiscus on 14 November 2013

[3] As announced by Hibiscus on 5 December 2013



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

Announcement Type: General Announcement
Company NameLATITUDE TREE HOLDINGS BERHAD  
Stock Name LATITUD  
Date Announced22 Jan 2014  
CategoryGeneral Announcement
Reference NoCC-140122-67789

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Director has notified on the change of his direct interest in the securities of the Company as set out in Table 1 hereunder:

This announcement is dated 22 January 2014
Table 1
Name of Director
Date of
Disposal
Price
per share
Number and Percentage of
Shares Disposed
Number and Percentage of Issued Shares After Disposal
Direct
%
Direct
%
Lin, Tzu-Lang
21.01.2014
-
631,000
0.6491
10,034,375
10.3226


LATITUD - Changes in Director's Interest (S135) - Lin, Tzu-Lang

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameLATITUDE TREE HOLDINGS BERHAD  
Stock Name LATITUD  
Date Announced22 Jan 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140122-63140

Information Compiled By KLSE

Particulars of Director

NameLin, Tzu-Lang
Address39, Jalan SS19/4G, Subang Jaya, 47500 Selangor Darul Ehsan, Malaysia
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)
Disposed
21/01/2014
631,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)10,034,375 
Direct (%)10.3226 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice22/01/2014


LATITUD - Changes in Sub. S-hldr's Int. (29B) - Lin, Tzu-Lang

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLATITUDE TREE HOLDINGS BERHAD  
Stock Name LATITUD  
Date Announced22 Jan 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140122-63734

Particulars of substantial Securities Holder

NameLin, Tzu-Lang
Address39, Jalan SS19/4G, Subang Jaya, 47500 Selangor Darul Ehsan, Malaysia
NRIC/Passport No/Company No.305671517
Nationality/Country of incorporationTaiwanese
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderLin Tzu Lang of 39 Jalan SS19/4G, Subang Jaya, 47500 Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed21/01/2014
631,000
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect
Direct (units)10,034,375 
Direct (%)10.3226 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change10,034,375
Date of notice22/01/2014


AKNIGHT - Changes in Director's Interest (S135) - Andrew Su Meng Kit

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameASIA KNIGHT BERHAD  
Stock Name AKNIGHT  
Date Announced22 Jan 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCT-140122-7021D

Information Compiled By KLSE

Particulars of Director

NameAndrew Su Meng Kit
Address7 Jalan SS22/42, Damansara Jaya, 47400 Petaling Jaya, Selangor
Descriptions(Class & nominal value)Ordinary Shares of RM1/- each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
16/01/2014
90,000
1.130 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice22/01/2014

Remarks :
1. This announcement serves as an announcement pursuant to Paragraph 14.09
of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
2. The above disposal represents 0.2% of the total issued and paid-up capital of
RM45,813,200.00 divided into 45,813,200 Ordinary Shares of RM1.00 each.
3. This notice was received on 16 January 2014.


PENSONI - PENSONI-Renounceable rights issue of 64,834,000 warrants at an issue price of RM0.10 per rights warrants on the basis of 1 rights warrant for every 2 ordinary shares of RM0.50 each in PENSONI held ("Rights Issue of Warrants")

Announcement Type: Listing Circular
Company NamePENSONIC HOLDINGS BERHAD  
Stock Name PENSONI  
Date Announced22 Jan 2014  
CategoryListing Circular
Reference NoZO-140122-34304

LISTING'S CIRCULAR NO. L/Q : 69706 OF 2014

Kindly be advised that PENSONI’s 64,834,000 warrants issued pursuant to the Rights Issue of Warrants will be admitted to the Official List of Bursa Malaysia Securities Berhad ("Bursa Securities") and the listing and quotation of the Warrants on the Main Market under the "Industrial Product" sector on a "Ready" basis pursuant to the Rules of Bursa Securities will be granted with effect from 9.00 a.m., Thursday, 23 January 2014.

The Stock Short Name, Stock Number and ISIN Code of the Warrants are "PENSONI-WB", "9997WB" and "MYL9997WBY12" respectively.


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