February 18, 2014

Company announcements: MINETEC, UMSNGB, FAVCO, SCOMIEN, SPSETIA, TEXCHEM, BONIA, ITRONIC

MINETEC - Notice of Person Ceasing (29C) - Chin Boon Long

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Company NameMINETECH RESOURCES BERHAD  
Stock Name MINETEC  
Date Announced18 Feb 2014  
CategoryNotice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference NoCC-140218-60158

Particulars of substantial Securities Holder

NameChin Boon Long
AddressNo. 5, Jalan SL 8/11,
Bandar Sungai Long,
43200 Selangor Darul Ehsan
NRIC/Passport No/Company No.680709-01-5149
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Date of cessation10/02/2014
Name & address of registered holderChin Boon Long
No. 5, Jalan SL 8/11,
Bandar Sungai Long,
43200 Selangor Darul Ehsan

Mayban Securities Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Chin Boon Long (RF2 Margin)
B-G-04 (Ground Floor), Level 1&2,
42 Persiaran Greentown,
1 Pusat Perdagangan Greentown,
30450 Ipoh,
Perak Darul Ehsan
CurrencyMalaysian Ringgit (MYR)
Number of securities disposed10,344,900 
Price Transacted ($$) 
Circumstances by reason of which a person ceases to be a substantial securities HolderDisposal of shares in open market.
Nature of interestDirect
Date of notice18/02/2014


UMSNGB - UMS-NEIKEN GROUP BERHAD (“UMSNGB” or “the Company”) Disposal of Property by United MS Electrical Mfg (M) Sdn Bhd, a wholly-owned subsidiary of UMSNGB (“Proposed Disposal”)

Announcement Type: General Announcement
Company NameUMS-NEIKEN GROUP BERHAD  
Stock Name UMSNGB  
Date Announced18 Feb 2014  
CategoryGeneral Announcement
Reference NoCA-140218-61179

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDCA-140213-60303
SubjectUMS-NEIKEN GROUP BERHAD (“UMSNGB” or “the Company”)
Disposal of Property by United MS Electrical Mfg (M) Sdn Bhd, a wholly-owned subsidiary of UMSNGB (“Proposed Disposal”)
DescriptionWe refer to the Company’s announcement dated 13 February 2014 and the letter dated 17 February 2014 from Bursa Malaysia Securities Berhad (“Bursa Securities”) requesting additional information with regard to the Proposed Disposal. Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcement dated 13 February 2014.

The Board of Directors of UMSNGB is pleased to provide further information as requested by Bursa Securities in the attachment below.

This announcement is dated 18 February 2014.
Query Letter Contents



FAVCO - OTHERS FAVELLE FAVCO BERHAD ("FFB" or "the Company") ACCEPTANCE OF PURCHASE ORDERS

Announcement Type: General Announcement
Company NameFAVELLE FAVCO BERHAD  
Stock Name FAVCO  
Date Announced18 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140218-55914

TypeAnnouncement
SubjectOTHERS
DescriptionFAVELLE FAVCO BERHAD ("FFB" or "the Company")
ACCEPTANCE OF PURCHASE ORDERS

INTRODUCTION

The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes (USA), Inc, Favelle Favco Cranes Pty. Limited, Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pte Ltd had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the month of January 2014 and up to the date of announcement:-

Contracts secured by

Customer

Brief description of the Contracts

Duration of the Contracts

Favelle Favco Cranes (USA), Inc

TES, Inc

Supply of Tower Crane

which is expected to be delivered by third quarter of 2014

Favelle Favco Cranes Pty. Limited

Lindores Construction Logistics

Supply of Tower Crane

which is expected to be delivered by second quarter of 2014

Favelle Favco Cranes (M) Sdn Bhd

China Merchants Heavy Industry (Shenzhen) Co Ltd

Supply of Offshore Crane

which is expected to be delivered from second quarter of 2015 to second quarter of 2016

Favelle Favco Cranes (M) Sdn Bhd

Thai Nippon Steel & Sumikin Engineering & Construction Corp., Ltd.

Supply of Offshore Crane

which is expected to be delivered by end of 2014

Favelle Favco Cranes (M) Sdn Bhd

Brunei Shell Petroleum Company Sdn. Bhd.

Supply of Offshore Crane

 

which is expected to be delivered by end of 2014

Favelle Favco Cranes Pte Ltd

PPL Shipyard Pte Ltd

Supply of Offshore Crane

which is expected to be delivered by second quarter of 2015


The approximate combined value of the above substantial orders secured amount to RM88.1 million.

FINANCIAL EFFECTS

The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2014 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts.

DIRECTORS' STATEMENT

The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts are in the best interest of FFB.

This announcement is dated 18 February 2014.



SCOMIEN - Quarterly rpt on consolidated results for the financial period ended 31/12/2013

Announcement Type: Financial Results
Company NameSCOMI ENGINEERING BHD  
Stock Name SCOMIEN  
Date Announced18 Feb 2014  
CategoryFinancial Results
Reference NoSE-140218-63561

Financial Year End31/03/2014
Quarter3
Quarterly report for the financial period ended31/12/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2013
31/12/2012
31/12/2013
31/12/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
77,900
0
188,751
0
2Profit/(loss) before tax
-9,203
0
-33,991
0
3Profit/(loss) for the period
-9,309
0
-34,275
0
4Profit/(loss) attributable to ordinary equity holders of the parent
-9,309
0
-34,275
0
5Basic earnings/(loss) per share (Subunit)
-2.72
0.00
-10.02
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.8000
0.9000
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


SCOMIEN - OTHERS SCOMI ENGINEERING BHD (“SEB” or “the Company”) JOINT BIDDING AGREEMENT (“JBA”) BETWEEN SCOMI ENGINEERING BHD AND GEODESIC TECHNIQUES PRIVATE LIMITED IN RESPECT OF THE PROPOSED SUBMISSION OF A PROPOSAL FOR THE PURPOSES OF UNDERTAKING THE FINANCE, DESIGN, BUILD, OWN, OPERATE AND TRANSFER (“FDBOOT”) OF NEW MONORAIL PROJECTS IN BANGALORE UNDER THE SWISS CHALLENGE METHOD (“THE PROJECT” OR “THE PROPOSAL”).

Announcement Type: General Announcement
Company NameSCOMI ENGINEERING BHD  
Stock Name SCOMIEN  
Date Announced18 Feb 2014  
CategoryGeneral Announcement
Reference NoSE-140218-64373

TypeAnnouncement
SubjectOTHERS
DescriptionSCOMI ENGINEERING BHD (“SEB” or “the Company”)

JOINT BIDDING AGREEMENT (“JBA”) BETWEEN SCOMI ENGINEERING BHD AND GEODESIC TECHNIQUES PRIVATE LIMITED IN RESPECT OF THE PROPOSED SUBMISSION OF A PROPOSAL FOR THE PURPOSES OF UNDERTAKING THE FINANCE, DESIGN, BUILD, OWN, OPERATE AND TRANSFER (“FDBOOT”) OF NEW MONORAIL PROJECTS IN BANGALORE UNDER THE SWISS CHALLENGE METHOD (“THE PROJECT” OR “THE PROPOSAL”).

Reference is made to the Company’s previous announcements dated 2 November 2009, 2 July 2010, 24 August 2010, 30 November 2010, 8 April 2011, 28 June 2011, 30 September 2011, 29 December 2011, 29 March 2012, 1 June 2012, 30 August 2012, 30 November 2012, 28 February 2013, 31 May 2013, 23 August 2013 and 20 November 2013 in relation to the Joint Bidding Agreement and the Project.

The Board of Directors of SEB wishes to announce that further material events or developments in relation to the Project are not expected. Further announcements will be made if this situation changes.

This announcement is dated 18 February 2014.



SPSETIA - 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 NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced18 Feb 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-140218-E7966

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 - RM0.75
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB)
Citigroup Nominees (Tempatan) Sdn Bhd (NOMURA)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ARIM)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired13/02/2014
105,000
 

Circumstances by reason of which change has occurredAcquisition of equity in open market
Nature of interestDirect
Direct (units)150,124,930 
Direct (%)6.11 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change150,124,930
Date of notice14/02/2014

Remarks :
Form 29B received on 18/2/2014


SPSETIA - Changes in Sub. S-hldr's Int. (29B) - PERMODALAN NASIONAL BERHAD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced18 Feb 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-140218-EEA97

Particulars of substantial Securities Holder

NamePERMODALAN NASIONAL BERHAD
AddressTingkat 4, Balai PNB
201-A Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.038218-X
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary - RM0.75
Name & address of registered holderPERMODALAN NASIONAL BERHAD
Tingkat 4, Balai PNB
201-A Jalan Tun Razak
50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired12/02/2014
1,020,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units)1,200,130,706 
Direct (%)48.81 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,200,130,706
Date of notice12/02/2014

Remarks :
Form 29B received on 18/2/2014


TEXCHEM - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameTEXCHEM RESOURCES BERHAD  
Stock Name TEXCHEM  
Date Announced18 Feb 2014  
CategoryChange Of Company Secretary
Reference NoTR-140217-47132

Date of change18/02/2014
Type of changeAppointment
DesignationJoint Secretary
License no.MIA 37392
NameTan Peng Lam
Working experience and occupation during past 5 years


BONIA - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced18 Feb 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoBC-140218-3DD2D

Date of buy back18/02/2014
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)150,000
Minimum price paid for each share purchased ($$)3.350
Maximum price paid for each share purchased ($$)3.350
Total consideration paid ($$)502,500.00
Number of shares purchased retained in treasury (units)150,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)191,000
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 (%)0.0948


ITRONIC - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced18 Feb 2014  
CategoryChange in Boardroom
Reference NoCC-140212-57752

Date of change18/02/2014
NameYip Wai Man Raymond
Age44
NationalityChinese
DesignationExecutive Director
DirectorateExecutive
Type of changeResignation
ReasonDue to insufficient time committememt in discharging the role as Executive Director.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsMr. Yip Wai Man Raymond graduated from the Memorial University of Newfoundland with a Bachelor Degree in Commerce and was also admitted by the Council of the University of New South Wales and the Senate of the University of Sydney with a Master's Degree in Business Administration. He is also a member of the Institute of Chartered Accountants in Australia, the Certified General Accountant's Association of Canada and the Hong Kong Institute of Certified Public Accountants.  
Working experience and occupation He began his career with Ernst & Young and has over 14 years of experience in financial management. As an accountant by training, he was appointed as a Chief Financial Officer with a global marketer and distributor of mobile entertainment products and services for over seven years and a Financial Controller with a multinational electronics manufacturing company in Hong Kong for over two years.

Mr. Yip is also a Director of GPRO Technologies Berhad, a company listed on the ACE market.  
Directorship of public companies (if any)GPRO Technologies Berhad  
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 subsidiaries128,600 Ordinary Shares of RM0.50 each  


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