COASTAL - OTHERS Coastal Contracts Bhd (“Coastal” or “Company”) – Charter Contract Worth Approximately RM1.24 Billion
| Company Name | COASTAL CONTRACTS BHD |
| Stock Name | COASTAL |
| Date Announced | 10 Feb 2014 |
| Category | General Announcement |
| Reference No | CC-140210-62004 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Coastal Contracts Bhd (“Coastal” or “Company”) – Charter Contract Worth Approximately RM1.24 Billion |
INTRODUCTION Coastal is pleased to announce that its wholly-owned subsidiary, Thaumas Marine Ltd has secured a charter contract for a Jack-up Gas Compression Service Unit (“Jack-up”) for an aggregate value of approximately RM1.24 billion from a group of Mexican companies, which in turn has entered into a gas compression service contract with Petroleos Mexicanos (“Pemex”), the Mexican state-owned petroleum company. The construction work will be started immediately and expected to complete in first half of 2015. INFORMATION ON THE CONTRACT The charter contract is for a period of eight years with extension option up to twelve years. The charter contract is expected to commence by second half of 2015. FINANCIAL EFFECTS The charter contract valued at approximately RM1.24 billion is expected to contribute positively to the revenue stream, earnings and net assets of Coastal Group for the financial year ending 31 December 2015 and the financial periods thereafter for the duration of the charter contract. RISK ASSOCIATED WITH THE CONTRACT The risks associated with the contract are mainly the normal business risks for an oil and gas company. Notwithstanding this, the Company has put in place adequate risk management procedures and processes in mitigating these risks. DIRECTORS AND MAJOR SHAREHOLDERS’ INTEREST None of the directors and/or substantial shareholders of the Company and persons connected with them have any interest, direct or indirect, in the above transactions. DIRECTORS’ STATEMENT The Board of Directors of the Company is of the opinion that the acceptance of the contract is in the best interest of the Company. The announcement is dated 10 February 2014. | |
PETGAS - OTHERS PROPOSED FINAL DIVIDEND OF 40% PER ORDINARY SHARE UNDER SINGLE TIER SYSTEM IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2013
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 10 Feb 2014 |
| Category | General Announcement |
| Reference No | PG-140210-9A740 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED FINAL DIVIDEND OF 40% PER ORDINARY SHARE UNDER SINGLE TIER SYSTEM IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 |
The Board of Directors of PETRONAS Gas Berhad is pleased to propose a final dividend of 40% per ordinary share under single tier system in respect of the financial year ended 31 December 2013. The final dividend is subject to shareholders' approval at the forthcoming 31st Annual General Meeting. This announcement is dated 10 February 2014. | |
PETGAS - OTHERS PROPOSED CHANGE OF AUDITORS
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 10 Feb 2014 |
| Category | General Announcement |
| Reference No | PG-140210-67321 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED CHANGE OF AUDITORS |
The Board of Directors of PETRONAS Gas Berhad wishes to announce that the Company had on 17th January 2014 received a notification in writing from Messrs KPMG Desa Megat & Co. informing the Directors of the Company of their intention to not seek for re-appointment as Auditors of the Company at the forthcoming Annual General Meeting due to the streamlining of Messrs KPMG Desa Megat & Co.'s and Messrs KPMG's clients’ portfolio in Malaysia into one single entity i.e. Messrs KPMG. The Company has on the 20th January 2014, received a notice of nomination from a shareholder for the appointment of Messrs KPMG as Auditors of the Company for the financial year ending 31 December 2014 in place of the retiring Auditors, Messrs KPMG Desa Megat & Co. Messrs KPMG has, on 10th February 2014, provided their consent to act as Auditors. The Board has on the even date recommended the appointment of Messrs KPMG as Auditors of the Company for the financial year ending 31 December 2014 in place of the retiring Auditors, Messrs KPMG Desa Megat & Co. and to hold office until the conclusion of the next Annual General Meeting of the Company at a remuneration to be fixed by the Directors. The Proposed Change of Auditors is subject to the approval to be obtained from the shareholders of the Company at the forthcoming Annual General Meeting. This announcement is dated 10th February 2014.
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PETGAS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | PETRONAS GAS BERHAD |
| Stock Name | PETGAS |
| Date Announced | 10 Feb 2014 |
| Category | General Announcement |
| Reference No | PG-140210-68273 |
| Type | Announcement | ||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS | ||||||||||||||||
| Description | RELATED PARTY TRANSACTION PURSUANT TO PARAGRAPH 10.08 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“LISTING REQUIREMENTS”) | ||||||||||||||||
RELATED PARTY TRANSACTION PURSUANT TO PARAGRAPH 10.08 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“LISTING REQUIREMENTS”) 1. INTRODUCTION The Board of Directors of PETRONAS Gas Berhad (“PGB”) wishes to announce that PGB has, on 10th February 2014, agreed on the terms of a Settlement Agreement (“Agreement”) to be entered into with Vinyl Chloride (Malaysia) Sdn Bhd (“VCMSB”). The aforesaid transaction is deemed a related party transaction pursuant to paragraph 10.08 of the Listing Requirements. VCMSB is a related party by virtue of it being a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (“PCGB”), of which Petroliam Nasional Berhad (“PETRONAS”) has a 64.35% shareholding. PETRONAS is a related party in this transaction by virtue of it being the majority shareholder of PGB.
2. DETAILS OF RELATED PARTY TRANSACTION (“TRANSACTION”) The Agreement provides for a settlement arrangement between PGB and VCMSB in consideration for the early termination of the Electricity and Utilities Agreements currently in place between PGB and VCMSB. The early termination of the Electricity and Utilities Agreements is a direct result of the cessation of the vinyl chloride business by VCMSB effective from 1st January 2013. Under the Agreement, a settlement amount of RM97.03 million will be payable in six (6) equal tranches commencing from 2016. The final instalment due under the Agreement will be on 31st December 2021. The amount has been accounted for in the financial year ended 31st December 2013. 3. RATIONALE The Transaction is made in the ordinary course of business and has been established at arm’s length basis. VCMSB, by virtue of the cessation of its vinyl chloride business, will no longer be consuming electricity and utilities supplied by PGB, post the decommissioning period, hence the termination of the Electricity and Utilities Agreements. In consideration of PGB’s agreement to the early termination, VCMSB has agreed to pay PGB an agreed settlement amount. 4. FINANCIAL EFFECTS OF THE TRANSACTION The Transaction does not have any effect on the issued and paid-up share capital of PGB and does not have any material effect on the earnings or the net tangible assets of PGB Group. 5. STATEMENT BY AUDIT COMMITTEE The Audit Committee of PGB has reviewed the terms of the Transaction and is satisfied that the terms are fair, reasonable and on normal commercial terms, not detrimental to the interest of the minority shareholders of PGB and is in the best interest of PGB Group. 6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST AND PERSONS CONNECTED WITH THEM PETRONAS is a majority shareholder of PGB and has a 64.35% shareholding in PCGB, which in turn has a 100% shareholding in VCMSB. PETRONAS is therefore deemed as interested in the Transaction.
Save as disclosed above, none of other Directors, and / or major shareholder(s) of PGB and / or person(s) connected with them, has any interest, direct and / or indirect, in the Transaction. In view of the above, the Interested Directors have abstained and will continue to abstain from all Board deliberations and voting at the relevant Board meeting(s) in relation to the Transaction. 7. STATEMENT BY THE BOARD OF DIRECTORS The Board of Directors, having taken into consideration the Transaction, is of the opinion that the terms of the Transaction is in the best interest of PGB. 8. PERCENTAGE RATIOS The highest percentage ratio applicable pursuant to Paragraph 10.02(g) of the Listing Requirements when the Transaction was entered into was approximately 3.8% based on the latest audited financial statements. 9. APPROVAL REQUIRED The Transaction does not require the approval of PGB’s shareholders or any relevant authorities. 10. TOTAL AMOUNT TRANSACTED WITH THE SAME RELATED PARTY FOR THE PRECEDING TWELVE (12) MONTHS There is no related party transaction with the same related party for the preceding twelve (12) months.
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EMICO - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | EMICO HOLDINGS BERHAD |
| Stock Name | EMICO |
| Date Announced | 10 Feb 2014 |
| Category | General Announcement |
| Reference No | EH-140210-60182 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | EMICO HOLDINGS BERHAD - FURTHER ANNOUNCEMENT TO JOINT VENTURE AGREEMENT BETWEEN PKB-OPERASI TEMBAGA SDN BHD ("Landowner" or "PKBOT"), A SUB-SUBSIDIARY OF EMICO WITH SIMFONI HOMES SDN BHD ("Developer" or "SH") DATED 29TH JANUARY 2014. |
Further to the announcement made on 29th January 2014 on the abovementioned subject, the Board of Directors of Emico wish to make the following additional announcement. In accordance with Main Market Listing Requirement Para 10.12, the Exchange may aggregate separate transactions and treat such transactions as it they were one transaction if the terms of such transactions were agreed upon within a period of 12 months. The Joint venture agreement dated 2 October 2013 ( as announcement to Bursa on 3 October 2013) and dated 29 January 2014 falls on the parcels of land that are contiguous with each other. In aggrerating the two transactions together, the highest applicable percentage ratio pursuant to Para 10.02(g) is 11.31%. This announcement is dated 10 Feb 2014
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SJC - OTHERS SENI JAYA CORPORATION BERHAD ("SJC") - STRIKING-OFF OF TWO (2) INDIRECT WHOLLY-OWNED DORMANT SUBSIDIARIES PURSUANT TO SECTION 308 OF THE COMPANIES ACT 1965 ("THE ACT")
| Company Name | SENI JAYA CORPORATION BERHAD |
| Stock Name | SJC |
| Date Announced | 10 Feb 2014 |
| Category | General Announcement |
| Reference No | CS-140210-3D644 |
| Type | Announcement | ||||
| Subject | OTHERS | ||||
| Description | SENI JAYA CORPORATION BERHAD ("SJC") - STRIKING-OFF OF TWO (2) INDIRECT WHOLLY-OWNED DORMANT SUBSIDIARIES PURSUANT TO SECTION 308 OF THE COMPANIES ACT 1965 ("THE ACT") | ||||
This announcement is dated 10 February 2014. | |||||
BRAHIMS - Changes in Director's Interest (S135) - Datuk Ibrahim Bin Haji Ahmad (Amended Announcement)
| Company Name | BRAHIM'S HOLDINGS BERHAD |
| Stock Name | BRAHIMS |
| Date Announced | 10 Feb 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CA-140210-5A8AB |
Information Compiled By KLSE
Particulars of Director
| Name | Datuk Ibrahim Bin Haji Ahmad |
| Address | No. 17, Jalan 1/9C, Bandar Baru Bangi, 43650 Kajang, Selangor Darul Ehsan. |
| 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 | 3,000,000 | 2.252 |
| Circumstances by reason of which change has occurred | Disposal of shares |
| Nature of interest | Indirect Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 0 |
| Direct (%) | 0 |
| Indirect/deemed interest (units) | 110,905,000 |
| Indirect/deemed interest (%) | 49.17 |
| Date of notice | 07/02/2014 |
| Remarks : |
| [1] Brahim's International Franchises Sdn Bhd and its Nominee Companies- 85,905,000 shares (Deemed interested in shares by virtue of his shareholdings in Fahim Capital Sdn Bhd which is a shareholder of Brahim’s International Franchises Sdn Bhd pursuant to Section 6A of the Companies Act, 1965.) [2] IBH Capital (Labuan) Limited - 25,000,000 shares (Deemed interested in shares by virtue of his shareholdings in IBH Capital (Labuan) Limited pursuant to Section 6A of the Companies Act, 1965. [3] This announcement also serves as a notification pursuant to paragraph 14.08 of the Main Market Listing Requirements on dealings in listed securities during closed period. [4] The total percentage of shares disposed by Brahim's International Franchises Sdn Bhd was 1.33% of the total issued and paid up capital of the Company. |
BRAHIMS - Changes in Director's Interest (S135) - Tan Sri Dato' Mohd Ibrahim Bin Mohd Zain (Amended Announcement)
| Company Name | BRAHIM'S HOLDINGS BERHAD |
| Stock Name | BRAHIMS |
| Date Announced | 10 Feb 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CA-140210-5AD64 |
Information Compiled By KLSE
Particulars of Director
| Name | Tan Sri Dato’ Mohd Ibrahim Bin Mohd Zain |
| Address | 71, Jalan Ampang Hilir, 55000 Kuala Lumpur, Wilayah Persekutuan. |
| 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 | 3,000,000 | 2.252 |
| Circumstances by reason of which change has occurred | Disposal of shares |
| Nature of interest | Indirect Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 0 |
| Direct (%) | 0 |
| Indirect/deemed interest (units) | 85,905,000 |
| Indirect/deemed interest (%) | 38.09 |
| Date of notice | 07/02/2014 |
| Remarks : |
| [1] Deemed interested in shares by virtue of his shareholdings in Semantan Capital Sdn Bhd which is a shareholder of Brahim’s International Franchises Sdn Bhd pursuant to Section 6A of the Companies Act, 1965. [2] The shares are held by Brahim's International Francises Sdn Bhd and its Nominee Companies. [3] This announcement also serves as a notification pursuant to paragraph 14.08 of the Main Market Listing Requirements on dealings in listed securities during closed period. [4] The total percentage of shares disposed by Brahim's International Franchises Sdn Bhd was 1.33% of the total issued and paid up capital of the Company. |
BRIGHT - Changes in Director's Interest (S135) - Datuk Seri Syed Ali Bin Tan Sri Abbas Alhabshee
| Company Name | BRIGHT PACKAGING INDUSTRY BERHAD |
| Stock Name | BRIGHT |
| Date Announced | 10 Feb 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-140210-59049 |
Information Compiled By KLSE
Particulars of Director
| Name | Datuk Seri Syed Ali Bin Tan Sri Abbas Alhabshee |
| Address | No. 35-1 Jalan Bandar 16 Pusat Bandar Puchong 47100 Puchong Selangor Darul Ehsan |
| Descriptions(Class & nominal value) | Direct |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 12,000,000 | 0.500 |
| Circumstances by reason of which change has occurred | Direct Business Transactions |
| Nature of interest | Direct |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 0 |
| Direct (%) | 0 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 10/02/2014 |
| Remarks : |
| 1. This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing outside closed period. 2. The above disposal of the ordinary shares represents 9.24% of the total paid up capital of the Company. 3. The notice under Section 135 of the Companies Act 1965 was received by the Company on 10 February 2014. |
BRIGHT - Changes in Sub. S-hldr's Int. (29B) - Teh Sew Wan
| Company Name | BRIGHT PACKAGING INDUSTRY BERHAD |
| Stock Name | BRIGHT |
| Date Announced | 10 Feb 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140210-61752 |
Particulars of substantial Securities Holder
| Name | Teh Sew Wan |
| Address | No. 5, Jalan Enak 2, Taman Gembira, 58200 Kuala Lumpur |
| NRIC/Passport No/Company No. | 500127-10-5696 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.50 each |
| Name & address of registered holder | Wong SK Holdings Sdn Bhd No. 35-1, Jalan Bandar 16, Pusat Bandar Puchong, 47100 Puchong, Selangor Darul Ehsan |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 07/02/2014 | 12,000,000 |
| Remarks : |
| 1. Deemed interest by virtue of her shareholdings in Wong SK Holdings Sdn Bhd pursuant to Section 6A of the Companies Act 1965. 2. The Form 29B was received by the Company on 10 February 2014. |
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