January 6, 2014

Company announcements: PUC, FIMACOR, MUIIND, HUPSENG, HOHUP, BENALEC, ELKDESA, PARKSON, PETDAG

PUC - Change in Boardroom (Amended Announcement)

Announcement Type: Change in Boardroom
Company NamePUC FOUNDER (MSC) BERHAD (ACE Market) 
Stock Name PUC  
Date Announced6 Jan 2014  
CategoryChange in Boardroom
Reference NoCC-140106-2D5CC

Date of change01/01/2014
NameLiew Peng Chuen @ Liew Ah Choy
Age65
NationalityMalaysian
Type of changeAppointment
DesignationDirector
DirectorateIndependent & Non Executive
QualificationsBachelor of Arts from City of London Polytechnic.
Certificate in Legal Practice and was admitted as an Advocate and Solicitor of the High Court of Malaya in 1989.  
Working experience and occupation Mr Liew has more than 30 years experience in the Malaysian media industry. He began his media career in the New Straits Times in 1969 and joined The Star in 1977, where he became Group Chief Editor in 1983.

He rejoined The Star as an Editorial Consultant in 1989. He left in 1992 to join the Westmont group, where he was appointed as an Executive Director of Westmont Land (Asia) Berhad. In 1995, he returned to the publishing industry by joining Nanyang Press Holdings Berhad ("NPHB") as Senior General Manager and was later redesignated as the Chief Operating Officer of NPHB. The following year, he joined the Sin Chew Media Group, where he became Group Chief Executive Officer. In 2001, he was appointed as Group Managing Director of NPHB until he retired in 2006 and has been in legal practice as a partner in Messrs CH Yeoh & Yiew since 2007.  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


PUC - Change in Audit Committee (Amended Announcement)

Announcement Type: Change in Audit Committee
Company NamePUC FOUNDER (MSC) BERHAD (ACE Market) 
Stock Name PUC  
Date Announced6 Jan 2014  
CategoryChange in Audit Committee
Reference NoCC-140106-30A98

Date of change01/01/2014
NameLiew Peng Chuen @ Liew Ah Choy
Age65
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsBachelor of Arts from City of London Polytechnic.
Certificate in Legal Practice and was admitted as an Advocate and Solicitor of the High Court of Malaya in 1989.  
Working experience and occupation Mr Liew has more than 30 years experience in the Malaysian media industry. He began his media career in the New Straits Times in 1969 and joined The Star in 1977, where he became Group Chief Editor in 1983.

He rejoined The Star as an Editorial Consultant in 1989. He left in 1992 to join the Westmont group, where he was appointed as an Executive Director of Westmont Land (Asia) Berhad. In 1995, he returned to the publishing industry by joining Nanyang Press Holdings Berhad ("NPHB") as Senior General Manager and was later redesignated as the Chief Operating Officer of NPHB. The following year, he joined the Sin Chew Media Group, where he became Group Chief Executive Officer. In 2001, he was appointed as Group Managing Director of NPHB until he retired in 2006 and has been in legal practice as a partner in Messrs CH Yeoh & Yiew since 2007.  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)Tunku Afwida binti Tunku A. Malek - Independent Non-Executive Director - Chairman
Dato' Othman Bin Jusoh - Independent Non-Executive Director - Member
Liew Peng Chuen @ Liew Ah Choy - Independent Non-Executive Director - Member


FIMACOR - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS (Amended Announcement)

Announcement Type: General Announcement
Company NameFIMA CORPORATION BERHAD  
Stock Name FIMACOR  
Date Announced6 Jan 2014  
CategoryGeneral Announcement
Reference NoFC-140106-AC7A7

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionProposed acquisition by Cendana Laksana Sdn Bhd, of 2 parcels of agricultural leasehold lands held under HSD 398, Lot PT 757 P, Mukim Tebak, Daerah Kemaman, Negeri Terengganu measuring approximately 1,000 acres ("Land A") & PN 7602, Lot 2925 (Formerly HSD 2406, PT 1037P), Mukim Tebak, Daerah Kemaman, Negeri Terengganu measuring approximately 940.73 acres ("Land B") (Land A and Land B are collectively referred to hereinafter as the "Lands")

We refer to the announcements dated 24 December 2012, 24 June 2013, 22 July 2013, 28 October 2013, 18 November 2013 and 3 December 2013 in relation to the Proposed Acquisition. Unless otherwise defined, all terms and abbreviations used in this announcement shall have the same meaning ascribed in the aforesaid announcements.

FIMACORP wishes to announce that the Proposed Acquisition was completed on 6 January 2014.

Amendment of announcement is due to an attachment inadvertently included.

This announcement is dated 6 January 2014.

 

 

  


MUIIND - OTHERS MALAYAN UNITED INDUSTRIES BERHAD (“COMPANY”) Overpayments of advance rentals

Announcement Type: General Announcement
Company NameMALAYAN UNITED INDUSTRIES BERHAD  
Stock Name MUIIND  
Date Announced6 Jan 2014  
CategoryGeneral Announcement
Reference NoMU-140106-8FF9B

TypeAnnouncement
SubjectOTHERS
DescriptionMALAYAN UNITED INDUSTRIES BERHAD (“COMPANY”)
Overpayments of advance rentals
Reference is made to the Company’s announcement dated 20 December 2013 in relation to the overpayments of advance rentals (“Announcement”). Unless otherwise stated, the terms used in this announcement shall carry the same meaning as defined in the Announcement. The Company wishes to clarify the following:
  1. Fairway Properties Sdn Bhd (“Fairway”) is a wholly-owned subsidiary of Pan Malaysian Industries Berhad (“PMI”). The Company is an associate to PMI.
  2. Fairway is the owner of Menara PMI. By virtue of the Renewal of Tenancy Agreements entered into between Fairway and the Subsidiaries, Fairway as the landlord had been collecting rentals from the Subsidiaries who are tenants in Menara PMI. As a result of oversight in the processing of the payment of rentals, overpayments of rentals had been made by the Subsidiaries.
  3. The renewal term of the tenancy agreements are for a fixed period of 3 years commencing from 1 November 2011 until 31 October 2014.
  4. In view of the said overpayments, the Subsidiaries had on 18 December 2013 and 20 December 2013, respectively, issued letters of demand to Fairway requesting for repayment of the said overpayments.
  5. Repayments are expected to be recovered by installments in the next 12 months.

This announcement is dated 6 January 2014.


HUPSENG - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameHUP SENG INDUSTRIES BERHAD  
Stock Name HUPSENG  
Date Announced6 Jan 2014  
CategoryGeneral Announcement
Reference NoMI-140106-65249

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionHUP SENG INDUSTRIES BERHAD (“HUPSENG” OR THE “COMPANY”)

(I) PROPOSED SHARE SPLIT;

(II) PROPOSED BONUS ISSUE; AND

(III) PROPOSED AMENDMENT

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 21 November 2013 in relation to the Proposals, where applicable.

We refer to the announcements dated 21 November 2013 and 20 December 2013 in relation to the Proposals.

On behalf of the Board of Directors of HUPSENG, RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 6 January 2014, resolved to approve the following:-

(i) the listing and quotation of 200,000,000 new ordinary shares of RM0.10 each to be issued pursuant to the Proposed Bonus Issue; and
    (ii) the Proposed Share Split.

    The approval granted by Bursa Securities in relation to the Proposed Bonus Issue is subject to the following conditions:-

    (i) HUPSENG and RHB Investment Bank must fully comply with the relevant provisions under the Main Market Listing Requirements (“Listing Requirements”) pertaining to the implementation of the Proposed Bonus Issue;

    (ii) HUPSENG and RHB Investment Bank to inform Bursa Securities upon the completion of the Proposed Bonus Issue;

    (iii) HUPSENG to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed; and

    (iv) HUPSENG and RHB Investment Bank are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a)&(b) and 6.35(4) of the Listing Requirements.

    In relation to the Proposed Share Split, HUPSENG or RHB Investment Bank is required to make the relevant announcement pursuant to Paragraph 13.10(2) of the Listing Requirements. In addition, the Bonus Shares and Subdivided Shares will take place simultaneously.

    This announcement is dated 6 January 2014.


    HOHUP - Changes in Director's Interest (S135) - Dato' Thong Kok Khee

    Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Company NameHO HUP CONSTRUCTION COMPANY BHD  
    Stock Name HOHUP  
    Date Announced6 Jan 2014  
    CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Reference NoCS-140106-87AE8

    Information Compiled By KLSE

    Particulars of Director

    NameDato' Thong Kok Khee
    AddressNo. 74, Jalan Setiakasih, Damansara Heights, 50490 Kuala Lumpur
    Descriptions(Class & nominal value)Redeemable Convertible Preference Shares of RM0.01 each

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transaction
    Date of change
    No of securities
    Price Transacted (RM)
    Acquired
    31/12/2013
    514,800
    1.114 
    Acquired
    02/01/2014
    750,000
    1.118 

    Circumstances by reason of which change has occurredAcquisition of Redeemable Convertible Preference Shares ("RCPS") through open market by Insas Plaza Sdn. Bhd.
    Nature of interestIndirect
    Consideration (if any) 

    Total no of securities after change

    Direct (units)
    Direct (%)
    Indirect/deemed interest (units)1,264,800 
    Indirect/deemed interest (%)0.95 
    Date of notice06/01/2014

    Remarks :
    This announcement is also made to comply with Paragraph 14.09 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements.


    BENALEC - Notice of Shares Buy Back - Immediate Announcement

    Announcement Type: Notice of Shares Buy Back - Immediate Announcement
    Company NameBENALEC HOLDINGS BERHAD  
    Stock Name BENALEC  
    Date Announced6 Jan 2014  
    CategoryNotice of Shares Buy Back - Immediate Announcement
    Reference NoCK-140106-64215

    Date of buy back06/01/2014
    Description of shares purchasedOrdinary Shares of RM0.25 each
    CurrencyMalaysian Ringgit (MYR)
    Total number of shares purchased (units)5,000
    Minimum price paid for each share purchased ($$)0.915
    Maximum price paid for each share purchased ($$)0.915
    Total consideration paid ($$)4,621.38
    Number of shares purchased retained in treasury (units)5,000
    Number of shares purchased which are proposed to be cancelled (units)0
    Cumulative net outstanding treasury shares as at to-date (units)1,449,900
    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 (%)0.1794


    ELKDESA - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

    Announcement Type: General Announcement
    Company NameELK-DESA RESOURCES BERHAD  
    Stock Name ELKDESA  
    Date Announced6 Jan 2014  
    CategoryGeneral Announcement
    Reference NoCU-140103-80016

    TypeAnnouncement
    SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
    FUND RAISING
    DescriptionELK-DESA RESOURCES BERHAD ("ELK-Desa" or "the Company")

    Proposed renounceable rights issue of irredeemable convertible unsecured loan stock (“ICULS”) of RM100,000,000 in nominal value with coupon rate of 3.25% per annum on the nominal value of the ICULS at 100% of the nominal value of RM1.00 each for a tenure of eight (8) years (“Rights ICULS”) on the basis of four (4) Rights ICULS of RM1.00 each in nominal value for every five (5) existing ordinary shares of RM1.00 each in ELK-Desa (“ELK-Desa Share(s)”) held on an entitlement date to be determined later (“Proposed Rights Issue of ICULS”)
    (Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcements dated 16 December 2013 in relation to the Proposed Rights Issue of ICULS)
    We refer to our announcement dated 16 December 2013 in relation to the above Proposed Rights Issue of ICULS.

    On behalf of the Board of Directors of ELK-Desa, MIDF Amanah Investment Bank Berhad wishes to announce that the Company had, on 6 January 2014, submitted the following applications to:

    (i) Securities Commission Malaysia (Private Debt Securities) for the proposed issuance of the ICULS pursuant to the Proposed Rights Issue of ICULS under the Guidelines on Private Debt Securities; and

    (ii) Bursa Malaysia Securities Berhad ("Bursa Securities") for the following:
        (a) admission of the ICULS to the Official List of Main Market of Bursa Securities and listing of and quotation for the ICULS; and
        (b) listing of and quotation for the new ELK-Desa Shares to be issued arising from the full conversion of the ICULS

        on the Main Market of Bursa Securities.


    PARKSON - Notice of Shares Buy Back - Immediate Announcement

    Announcement Type: Notice of Shares Buy Back - Immediate Announcement
    Company NamePARKSON HOLDINGS BERHAD  
    Stock Name PARKSON  
    Date Announced6 Jan 2014  
    CategoryNotice of Shares Buy Back - Immediate Announcement
    Reference NoPH-140106-AB2A2

    Date of buy back06/01/2014
    Description of shares purchasedOrdinary shares of RM1.00 each
    CurrencyMalaysian Ringgit (MYR)
    Total number of shares purchased (units)316,000
    Minimum price paid for each share purchased ($$)2.850
    Maximum price paid for each share purchased ($$)2.860
    Total consideration paid ($$)906,872.66
    Number of shares purchased retained in treasury (units)316,000
    Number of shares purchased which are proposed to be cancelled (units)0
    Cumulative net outstanding treasury shares as at to-date (units)28,820,131
    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 (%)2.63


    PETDAG - 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 DAGANGAN BHD  
    Stock Name PETDAG  
    Date Announced6 Jan 2014  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoPD-140106-8A3BF

    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 RM1.00 each
    Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
    (for Employees Provident Fund Board (NOMURA))
    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)
    Disposed31/12/2013
    23,400
     

    Circumstances by reason of which change has occurredSale of shares managed by portfolio manager
    Nature of interestDirect
    Direct (units)1,207,600 
    Direct (%)0.122 
    Indirect/deemed interest (units) 
    Indirect/deemed interest (%) 
    Total no of securities after change64,474,100
    Date of notice02/01/2014

    Remarks :
    The total number of 64,474,100 ordinary shares comprise the following:

    (a) 58,446,800 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board].

    (b) 1,500,000 shares registered in the name of Employees Provident Fund Board.

    (c) 1,207,600 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (NOMURA)].

    (d) 2,954,300 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (CIMB PRIN)].

    (e) 195,400 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (KIB)].

    (f) 170,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (RHB INV)].

    Received form 29B on 06 January 2014.


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