March 13, 2014

Company announcements: GTRONIC, JMR, ASUPREM, SUPERMX, TOPGLOV, SCOMI, SAMUDRA, IRMGRP, GLOBALC, HANDAL

GTRONIC - Changes in Sub. S-hldr's Int. (29B) - General Produce Agency Sdn Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced13 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140312-42083

Particulars of substantial Securities Holder

NameGeneral Produce Agency Sdn Berhad
Address66B Penang Street, 10200 Penang
NRIC/Passport No/Company No.1268-U
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1) General Produce Agency Sdn Berhad of 66B Penang Street, 10200 Penang
2) Wiserite Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang
3) Glencare Sdn Bhd of Suite 2-1, 2nd Floor, Menara Penang Garden, 42-A Jalan Sultan Ahmad Shah, 10050 Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired10/03/2014
5,000
 
Acquired11/03/2014
5,000
 
Acquired12/03/2014
5,000
 

Circumstances by reason of which change has occurredOpen market purchases via Glencare Sdn Bhd
Nature of interestDeemed
Direct (units)20,480,408 
Direct (%) 
Indirect/deemed interest (units)51,685,741 
Indirect/deemed interest (%) 
Total no of securities after change72,166,149
Date of notice13/03/2014


JMR - Changes in Sub. S-hldr's Int. (29B) - LEADING BUILDERS SDN. BHD.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameJMR CONGLOMERATION BERHAD  
Stock Name JMR  
Date Announced13 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140313-197E3

Particulars of substantial Securities Holder

NameLEADING BUILDERS SDN. BHD.
Address51-13-A, MENARA BHL BANK
JALAN SULTAN AHMAD SHAH
10050 PENANG
NRIC/Passport No/Company No.347400-X
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY @ RM1.00
Name & address of registered holderLEADING BUILDERS SDN. BHD.
51-13-A, MENARA BHL BANK
JALAN SULTAN AHMAD SHAH
10050 PENANG

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed12/03/2014
110,000
 

Circumstances by reason of which change has occurredDISPOSAL
Nature of interestDIRECT
Direct (units)571,800 
Direct (%)0.45 
Indirect/deemed interest (units)7,318,786 
Indirect/deemed interest (%)5.77 
Total no of securities after change7,890,586
Date of notice13/03/2014


ASUPREM - ASTRAL SUPREME BERHAD ('ASB' OR 'THE COMPANY') - Letters of Awards for Various Housing Development Projects at Melaka related to Sub-contract for Design and Build and Associated Works

Announcement Type: General Announcement
Company NameASTRAL SUPREME BERHAD  
Stock Name ASUPREM  
Date Announced13 Mar 2014  
CategoryGeneral Announcement
Reference NoCC-140312-55152

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDIJ-140312-36074
SubjectASTRAL SUPREME BERHAD ('ASB' OR 'THE COMPANY')
- Letters of Awards for Various Housing Development Projects at Melaka related to Sub-contract for Design and Build and Associated Works
DescriptionASTRAL SUPREME BERHAD ('ASB' OR 'THE COMPANY')
- Letters of Award for Various Housing Development Projects at Melaka ('LOAs')related to Sub-contract for Design and Build and Associated Works ('the Contracts')
Query Letter Contents We refer to the Company's announcement dated 11 March 2014, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

The date of the LOAs;
The method/manner on how the contracts are awarded to Astral Supreme
Construction Sdn Bhd ("ASC");
All salient conditions/terms of each of the LOAs, including but not limited to
the termination and default clauses;
The description of the Projects relating to each of the LOAs including the name
of the Projects, value of the Projects, type of properties etc;
The current stage of development of the Projects;
Whether the Projects has received the necessary approval from the relevant
authorities, together with the details of approvals thereof;
The identity of the owner of the project including the directors and major
shareholders together with their respective shareholdings;
Background information of Gemawan Bina Sdn Bhd and Permata Rebana Sdn Bhd
including the identity of its directors and major shareholders together with
their respective shareholdings;
The scope of works to be undertaken by ASC under the “design and built and
associated works” pursuant to the LOAs;
The capacity and expertise of ASC and Astral Supreme Berhad to undertake the
contracts;
The identity of the key management, together with their working experiences,
that will spearhead the execution of the contracts;
The specific risks factors in undertaking the contracts and the mitigating
factors;
Quantification of the financial commitment required in undertaking the
contracts;
The breakdown of the financial commitments to be financed by internal generated
funds and bank borrowings;
The profit margin (in percentage) expected to be derived from the contracts and
the basis in deriving at; and
Whether the contracts will signify a diversification in operations pursuant to
Paragraph 10.13 of the Main Market Listing Requirements and the basis thereof.






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
HTH/IJ
c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)

We refer to the query letter from Bursa Malaysia Securities Berhad dated 12 March 2014 and the Company's announcement dated 11 March 2014 pertaining to the above matter and hereby furnish the following additional information for public release:-

1. The LOAs were dated 11 March 2014.

2. The Contracts are awarded to Astral Supreme Construction Sdn Bhd ('ASC') through a direct negotiation method and is a total sub-contract based on back-to-back basis.

3. The salient conditions/terms of the LOAs are as follows:-

(i) The Contracts are based on Firm Price basis and no adjustment will be made to the contract sum and rates for any fluctuations.

(ii) The quantities shall be provisional subject to re-measurement upon completion.

(iii) Any supply of material on behalf shall be charged at 3% administration fee.

(iv) The defects liability period is twenty four (24) months.

(v) The liquidated and ascertained damages ('LAD') is RM28,500.00 per calendar day.

4. The description of the projects are as follows:-

(i) Project 1 - Proposed Design, Build and Deliver 500 Units of Flats and Other Related Works for "Program Perumahan Rakyat" ('PPR') Ayer Panas, Melaka.

Main Contractor: Permata Rebana Sdn Bhd

Contract value : RM48,000,000.00

Type of Properties: High rise building with ancillary building.

(ii) Project 2 - Proposed Design, Build and Deliver 600 Units of Flats and Other Related Works for "Program Perumahan Rakyat" ('PPR') Paya Rumput, Melaka Tengah, Melaka.

Main Contractor: Gemawan Bina Sdn Bhd

Contract value : RM57,000,000.00

Type of Properties: High rise building with ancillary building.

5. The piling work and earthwork have been completed by the main contractors.

6. Project 1 has received up to the Development Order Approval and Project 2 has received up to the Building Plan Approval. Both Projects are to comply with the Melaka Local Authority's One Stop Center (OSC) requirements but ASC scope shall be limited to assist main contractor to obtain the Certificate of Completion and Compliance issued by the Professional Architect.

7. Both are government projects managed by Kementerian Kesejahteraan Bandar, Perumahan Dan Kerajaan Tempatan (KPKT).

8. Permata Rebana Sdn Bhd was incorporated on 4 May 1998 with its current authorised share capital of RM1,000,00.00 and paid-up share capital of RM750,000.00. It is a 100% bumiputra owned company and its principal activities are Building & Civil Engineering and Constructions. Permata Rebana Sdn Bhd is as Class A Contractor (Bumiputra Status) with Pusat Khidmat Kontraktor and CIDB Gred 'G7'. The current directors and major shareholders of Permata Rebana Sdn Bhd are Siti Salasiah binti Mohd Yunus and Hafizi bin Che Hamzah with their respective shareholdings of 412,5000 shares (55%) and 337,500 shares (45%).

Gemawan Bina Sdn Bhd was incorporated on 22 February 1982 with its current authorised share capital of RM5,000,000.00 and paid-up share capital of RM1,250,000.00.Its principal activities are construction of buildings and infrastructures. Gemawan Bina Sdn Bhd has the Bumiputra Contractor with Kementerian Kewangan Malaysia (MOF), Class A Bumiputra with Pusat Khidmat Kontraktor and Grade G7 with Lembaga Pembangunan Industri Pembinaan Malaysia (CIDB). The current directors and major shareholders Gemawan Bina Sdn Bhd are Mohd Hazli bin Abdul Rahman and Fazlihisam bin Husin with their respective shareholdings of 750,000 shares (60%) and 500,000 shares (40%).

9. The work undertaken by ASC is main contract works except for piling work and earthwork. The main building works inclusive of structure, architecture and mechanical and electrical works complete with all ancillary building, landscaping and infrastructural works.

10. ASC has a new key management with extensive experience in building construction and property development. The new key management has good business relationship with associates such as consultants, sub-contractors, suppliers and others.

11. The key management of ASC is as follows:-

No
Name
Designation
Working Experience
Experience/Knowledge
1
Datuk Eddie Chai Woon Chet
Director
8 years
Has more than 8 years experience in building construction and property development.
2
Wong Kwai Wah
Director
30 years
Has more than 30 years experience in financial planning and 20 years in property development.
3
Bee Jian Ming
Director
25 years
Advise and strategize on the monetary and planning of all the handed over projects.
4
Chan Yew Lung
Project Manager
12 years
Experience and knowledgeable to handle an achieve clients requirement in various type of project. Especially handed over the similar scale of KPKT project in Gua Musang.
5
Lai Yeh How
Contracts Manager
15 years
Fulfil the role of coordinate and supporting Project Manager on the cost monitoring, contract administration, quantity surveying and etc related to building construction and property development.
6
Lim Ngam Heong
Site Engineer
18 years
Involvement of value engineering, analyse clash management and construction management of the project.

12. Specific risk factors:-

(i) Key personnel - the Group is new in construction business and it will be subject to new challenges and risks. The Group will mitigate this risk by leveraging on the competencies and experience of certain directors namely Datuk Chai, Mr Wong and Mr Bee who have been involved in the construction and property development business.

(ii) Financing - the construction costs are to be funded through internally generated fund and bank borrowings, the gearing level of the Group will increase and any adverse movement in the interest rates may have a significant impact on the projects costs. Management will continuously monitor and adjust development and marketing strategies in response to changes in economic conditions and market demand and will ensure that the projects are carried out with due care.

(iii) Completion risk and delay in completion - the projects may not generate expected return due to various factors including increased in development and/or construction costs, unavailability of skill manpower, delay in completion of projects and obtaining approvals from the relevant authorities for the construction, inability to secure adequate funding for the proposed construction. The Group intends to mitigate the risk by supervising the progress billings and payments and manage its cash flow.

13. Financial commitments to undertake the projects is RM2.0 million to kick start subsequently the capital will be from the progress billings and payments from the main contractors.

14. The breakdown of the financial commitments:-

-Internal generated funds : RM1.0 million (50%)

-Bank borrowings : RM1.0 million (50%).

15. The profit margin is estimated at 8% of gross profit. The profit margin is based on the total cost against awarded amount from the projects.

16. With the smooth completion of the Contracts, the Group is expected to have diversification in operation by virtue of Paragraph 10.13(1)(b) of the Main Market Listing Requirements considering the Group is loss making. Following this, approval will be sought from the shareholders in due course.

This is announcement is dated 13 March 2014.



SUPERMX - 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 NameSUPERMAX CORPORATION BERHAD  
Stock Name SUPERMX  
Date Announced13 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140313-41991

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 of RM0.50 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd of 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)
Acquired10/03/2014
1,984,000
 

Circumstances by reason of which change has occurredAcquisition of Shares
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change38,329,000
Date of notice11/03/2014

Remarks :
Direct Interest:
(1) Employees Provident Fund Board (29,371,300)
(2) Employees Provident Fund Board (RHB INV) (2,000,000)
(3) Employees Provident Fund Board (PHEIM) (947,100)
(4) Employees Provident Fund Board (CIMB PRI) (6,010,600)

Supermax Corporation Berhad received the Form 29B dated 11 March 2014 from Citigroup Nominees (Tempatan) Sdn Bhd on behalf of Employees Provident Fund Board on 13 March 2014.


TOPGLOV - OTHERS TOP GLOVE CORPORATION BHD ("the Company") NOTIFICATION OF SECOND QUARTER 2014 FINANCIAL RESULTS RELEASE

Announcement Type: General Announcement
Company NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced13 Mar 2014  
CategoryGeneral Announcement
Reference NoTG-140307-61398

TypeAnnouncement
SubjectOTHERS
DescriptionTOP GLOVE CORPORATION BHD ("the Company")
NOTIFICATION OF SECOND QUARTER 2014 FINANCIAL RESULTS RELEASE

The Board of Directors wishes to inform that the Company will be releasing its second quarter financial results for the period ended 28 February 2014 on Thursday, 20 March 2014.

This announcement is dated 13 March 2014.



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

Announcement Type: General Announcement
Company NameSCOMI GROUP BERHAD  
Stock Name SCOMI  
Date Announced13 Mar 2014  
CategoryGeneral Announcement
Reference NoSG-140311-76F10

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionSCOMI GROUP BHD (“SGB” or “the Company”)
- Dealings in securities outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that the following Principal Officer of SGB had transacted in the securities of SGB outside closed period as set out in Table hereunder.

This announcement is dated 13 March 2014.

Name of Principal Officer

Type of Securities

Date Transacted

No. of Shares Acquired/(Disposed)

% of Shares Transacted

Price per Shares(RM)

Closing Balance

% of Shares Held After the Transaction

Kanesan A/L Vellupillai

Ordinary share of RM0.10 each

12 March 2014

(300,000)

0.02%

RM0.4533

700,000

0.05%



SAMUDRA - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameKEJURUTERAAN SAMUDRA TIMUR BERHAD  
Stock Name SAMUDRA  
Date Announced13 Mar 2014  
CategoryGeneral Announcement
Reference NoMI-140313-37464

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionKEJURUTERAAN SAMUDRA TIMUR BERHAD (‘‘KSTB” OR THE ‘‘COMPANY”)

PROPOSED DISPOSAL OF ONE (1) UNIT OF ONSHORE TSM DOUBLE DRUMS DRILLING RIG KNOWN AS IKHLAS #3 (“RIG IKHLAS #3”) ("PROPOSED DISPOSAL OF RIG IKHLAS #3")

PROPOSED DISPOSAL OF ONE (1) UNIT OF ONSHORE TSM DOUBLE DRUMS DRILLING RIG KNOWN AS KST #1 (“RIG KST #1”) (“PROPOSED DISPOSAL OF RIG KST #1”)

(All definitions used herein shall have the same meanings as the words and expressions defined in the announcements dated 20 May 2013, 6 September 2013 and 12 September 2013 except where the context otherwise requires or where otherwise defined herein.)

We refer to the announcements dated 20 May 2013, 23 July 2013, 25 September 2013 and 1 October 2013 in relation to the Proposed Disposal of Rig Ikhlas #3, the announcements dated 11 September 2013 and 12 September 2013 in relation to the Proposed Disposal of Rig KST #1 and the announcement dated 11 March 2014 in relation to the approval by KSTB shareholders for the abovementioned proposals.

On behalf of the Board of Directors of KSTB, Kenanga Investment Bank Berhad wishes to announce that the Proposed Disposal of Rig Ikhlas #3 and Proposed Disposal of Rig KST #1 have been deemed completed on 13 March 2014.

This announcement is dated 13 March 2014.


IRMGRP - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameIRM GROUP BERHAD  
Stock Name IRMGRP  
Date Announced13 Mar 2014  
CategoryGeneral Announcement
Reference NoMI-140313-61549

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionIRM GROUP BERHAD (“IRM” OR “COMPANY”)

PROPOSED DISPOSAL BY INDUSTRIAL RESINS (MALAYSIA) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF IRM GROUP BERHAD TO PYRAMID PRESENTATIONS SDN BHD OF TWO (2) CONTIGUOUS PARCELS OF FREEHOLD LAND HELD UNDER GERAN 37838, LOT NO. 2064 AND GERAN 29462, LOT NO. 2065 MUKIM OF TEBRAU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR MEASURING A TOTAL AREA OF APPROXIMATELY 5.4885 HECTARES TOGETHER WITH PERMANENT STORAGE, FACTORY, OFFICE BUILDINGS AND TENAGA NASIONAL BERHAD SUB-STATION ERECTED THEREON, FOR A TOTAL CASH CONSIDERATION OF RM34,000,000 (“PROPOSED DISPOSAL OF TAMPOI LANDS”)

- Correction of information in the Circular to shareholders dated 15 January 2014 in respect of the Proposed Disposal of Tampoi Land

Announcement Details/Table Section

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those in the circular to shareholders of IRM dated 15 January 2014 in relation to the Proposed Disposals.

We refer to the Circular dated 15 January 2014 and to the announcements made by the Company on 10 September 2013, 13 September 2013, 20 November 2013 and 30 January 2014 in relation to Proposed Disposal of Tampoi Lands.

On behalf of the Board, KAF Investment wishes to announce that certain information in the Circular in relation to the Purchaser of the Lands was erroneously stated. Please refer to the attached announcement for details.

This announcement is dated 13 March 2014.


GLOBALC - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Announcement Type: General Announcement
Company NameGLOBAL CARRIERS BERHAD  
Stock Name GLOBALC  
Date Announced13 Mar 2014  
CategoryGeneral Announcement
Reference NoCC-140313-55711

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionGLOBAL CARRIERS BHD ("the Company" or "GCB")
-High Court of Malaya at Kuala Lumpur Winding Up Oder No.: 28NCC-14-01/2014
CHUGOKU PAINTS (M) SDN BHD vs GLOBAL TS SDN BHD

The Board of Directors of the Company wishes to announce that a Winding Up Order dated 7 March 2014 (“the Order”) was served to Global TS Sdn Bhd (“Global TS”), a wholly-owned subsidiary of the Company which was received by the Company’s Director on 11 March 2014. Pursuant to the Order, the High Court of Malaya at Kuala Lumpur has granted an order to wind up Global TS and Officer Receiver Malaysia will be appointed as liquidator of Global TS.

The circumstances leading to the said Order against Global TS was due to default of outstanding payment of RM62,864.00.

Global TS is a not major subsidiary of the Company and the total cost of investment in Global TS is RM100,000.00.

The Company is not expected to suffer any financial or operational loss arising from the winding up order as Global TS is currently dormant.

Except for the amount claimed the Company does not expect any other losses to be incurred from this case.

The Company is seeking the necessary legal advice to appeal against the winding up order.

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 13 March 2014.

 



HANDAL - Notice of Interest Sub. S-hldr (29A) - OSK EQUITY HOLDINGS SDN. BHD.

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameHANDAL RESOURCES BERHAD  
Stock Name HANDAL  
Date Announced13 Mar 2014  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCA-140312-65982

Particulars of Substantial Securities Holder

NameOSK EQUITY HOLDINGS SDN. BHD.
Address7th Floor, Plaza OSK,
Jalan Ampang,
50450 Kuala Lumpur.
NRIC/Passport No/Company No.1030788-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderOSK Capital Partners Sdn. Bhd. ("OSKCP")
7th Floor, Plaza OSK,
Jalan Ampang,
50450 Kuala Lumpur.

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired24/12/2013
No of securities9,020,983
Circumstances by reason of which Securities Holder has interestInitial disclosure by virtue of being a substantial shareholder of OSK Ventures International Berhad, the holding company of OSKCP.
Nature of interestIndirect Interest
Price Transacted ($$)

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)9,020,983 
Indirect/deemed interest (%)5.638 
Date of notice31/12/2013

Remarks :
The notice of interest of substantial shareholder by OSK Equity Holdings Sdn. Bhd. was received on 13 March 2014.


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