March 26, 2014

Company announcements: PUNCAK, SUBUR, HUBLINE

PUNCAK - Changes in Sub. S-hldr's Int. (29B) - GREAT EASTERN HOLDINGS LIMITED

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePUNCAK NIAGA HOLDINGS BERHAD  
Stock Name PUNCAK  
Date Announced26 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPN-140326-5A2C0

Particulars of substantial Securities Holder

NameGREAT EASTERN HOLDINGS LIMITED
Address1 Pickering Street #16-01
Great Eastern Centre
Singapore 048659
NRIC/Passport No/Company No.199903008M
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderGreat Eastern Holdings Limited
1 Pickering Street #16-01
Great Eastern Centre
Singapore 048659

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed21/03/2014
11,400
 

Circumstances by reason of which change has occurredDisposal of 11,400 ordinary shares by AmTrustee Bhd for a/c for Pacific SELECT Balance Fund on 21 March 2014
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)20,808,100 
Indirect/deemed interest (%)5.08 
Total no of securities after change20,808,100
Date of notice26/03/2014

Remarks :
Deemed Interest

1. Malaysia Nominees (Tempatan) Sdn Bhd
- for A/C Great Eastern Life Assurance (Malaysia) Bhd : 15,963,500
- for A/C Overseas Assurance (Malaysia) Bhd : 290,000
- for A/C Great Eastern Takaful Bhd (formerly known as Great Eastern Takaful Sdn Bhd) : 90,000

2. AmTrustee Bhd
- a/c for Pacific Dividend Fund : 1,117,800
- a/c for Malaysia France Institute Sdn Bhd : 57,100
- a/c for Pacific SELECT Balance Fund : 16,600
- a/c for Malakoff Corporation Bhd - Staff Retirement Benefits Scheme : 109,800
- a/c for Cheah Eng Chuan : 20,000
- a/c for Wong Ah Moy @ Wong Yoke Len : 27,600
- a/c for Cheong Kok Fai & Yong Yok Lain : 11,500
- a/c for BAZ Sdn Bhd : 6,400
- a/c for Pacific Pearl Fund : 240,000

3. CIMB Commerce Trustee Berhad
- a/c for Pacific Recovery Fund : 271,200
- a/c for Pacific Millennium Fund : 58,000

4. CIMB Islamic Trustee Berhad
- a/c for Pacific ELIT Dana Dividen : 27,200
- a/c for Pacific ELIT Dana Aman : 33,300
- a/c for Pacific Dana Aman : 1,696,300

5. HSBC (Malaysia) Trustee Bhd
- a/c for HSBC Amanah Takaful Islamic Equity Portfolio: 49,800
- a/c for Pacific Dana Dividen : 176,200

6. Universal Trustee (Malaysia) Bhd
- a/c for Pacific Premier Fund : 545,800
-----------
20,808,100
===========


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

Announcement Type: General Announcement
Company NameSUBUR TIASA HOLDINGS BERHAD  
Stock Name SUBUR  
Date Announced26 Mar 2014  
CategoryGeneral Announcement
Reference NoCC-140326-44767

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionRELATED PARTY TRANSACTION – ACQUISITION OF EQUITY INTEREST FROM RH CAPITAL LIMITED

Introduction

Subur Tiasa Holdings Berhad (“STHB” or “the Company”) wishes to announce that STHB had on 26 March 2014 acquired 7,000,000 ordinary shares in RH Petrogas Limited (“RHP”) (“Sale Shares”), representing 0.95% of the total equity interests in RHP, from the related party, RH Capital Limited (“RHC”) for a total cash consideration of SGD4,200,000 (equivalent to approximately RM10,945,200) [“Acquisition”]:

 



(1)

Information on RHP and RHC


RHP was listed on Singapore Stock Exchange.



 

 


RHC was incorporated on 15 November 2010 in Labuan and has its registered office at Level 15B, Main Office Tower, Financial Park Labuan, Jalan Merdeka, 87000 Labuan F.T., Malaysia. Currently, the business activity carried out by RHC is investment holding.



 

 


The directors and substantial shareholders of RHC and their respective shareholdings are as follows:


Name

Shareholding (Direct)

Shareholding (Deemed)

No. of ordinary share

%

No. of ordinary share

%

Director and Substantial shareholder:










Tan Sri Datuk Sir Tiong Hiew King

1,500,000

50%

Nil

Nil

Tiong Chiong Ong

1,500,000

50%

Nil

Nil






 



(2)

Basis of purchase consideration and source of funding


The purchase consideration of SGD4,200,000 (“Purchase Consideration”) was arrived at based on “willing-buyer willing-seller” taking into consideration 5 days weighted average price from 18 March 2014 to 24 March 2014. Actual amount of Ringgit Malaysia equivalent of the Purchase Consideration will be determined upon payment on 31 March 2014. The Purchase Consideration shall be funded by utilising internal generated funds.



 

 

(3)

Effect of the Acquisition 


The Acquisition is not expected to have a material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of the Company.



 

 

(4)

Prospects and risk factors


STHB is of the view that the prospects of the Acquisition is positive and manageable. STHB does not envisage any specific risk to be associated with the Acquisition except for typical equity investment risk.



 

 

(5)

Particulars of all liabilities including contingent liabilities and guarantees to be assumed by the Company, arising from the Acquisition


There is no liability including contingent liability to be assumed by the Company, arising from the Acquisition.

 

 

(6)

Original cost of investment of the Sale Shares and the date of such investment


The Sale Shares were acquired by RHP on 13 August 2012 for a total consideration sum of RM8,518,361 (equivalent to SGD3,444,000).



 

 

(7)

Whether the Acquisition is subject to the approval of shareholders and the relevant government authorities and the estimated time frame for submission of the application to the relevant authorities


The Acquisition is not subject to the approval of the shareholders and the relevant government authorities.



 

 

(8)

The nature and extent of the interests of the directors and/or major shareholder


YBhg. Tan Sri Datuk Sir Tiong Hiew King is the major shareholder of STHB and also a director and shareholder of RHC. YBhg. Tan Sri Datuk Sir Tiong Hiew King is also the father of STHB’s Managing Director, YBhg. Dato’ Tiong Ing and a brother to STHB’s Non Executive Chairman, Mr. Tiong Kiong King.

 

 


Mr. Tiong Chiong Ong is the son of YBhg. Tan Sri Datuk Sir Tiong Hiew King. He is also the brother of YBhg. Dato’ Tiong Ing and a nephew to Mr. Tiong Kiong King.

 

 


Save for the above, none of the directors or major shareholders of STHB or persons connected with them has any interest, direct or indirect, in the Acquisition.

 

 

(9)

Rationale for the Acquisition including any benefit which is expected to accrue to STHB as a result of the Acquisition


The Acquisition is for potential growth prospects of RHP and potential appreciation in share value of RHP.

 

 

(10)

The relevant documents for Acquisition and the time and place where the documents may be inspected


The relevant documents in connection with the Acquisition are available for inspection at the registered office of STHB at No. 66-78, Pusat Suria Permata, Jalan Upper Lanang, C.D.T. 123, 96000 Sibu, Sarawak during normal business hours, for a period of three (3) months from the date of this announcement.

 

 

(11)

The date on which the terms of the Acquisition were agreed upon


The terms of the Acquisition were agreed upon on 26 March 2014.

 

 

(12)

Statement by the Audit Committee


Having considered the rationale and all other aspects of the Acquisition, the Audit Committee of STHB were of the opinion that the Acquisition is in the best interests of the STHB Group and the terms of the Acquisition is fair, reasonable and on normal commercial terms and hence not detrimental to the interest of the minority shareholders.

 

 

(13)

Statement by the Board of Directors


Having considered the rationale and all other aspects of the Acquisition and on the recommendation made by the Audit Committee, the Board of Directors of STHB were of the opinion that the Acquisition is in the best interests of the STHB Group.

 

 

(14)

Estimated timeframe for completion of the Acquisition


The Acquisition is estimated to be completed by 31 March 2014.



 

 

(15)

Highest percentage ratio of the Acquisition


The highest percentage ratio applicable to the Acquisition pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements is 1.65%.



 

 

(16)

Total amount transacted with RHC for the preceding twelve (12) months


Total amount transacted with RHC for the preceding twelve (12) months was RM16,715,257.



 

 

This announcement is dated 26 March 2014.



HUBLINE - Changes in Sub. S-hldr's Int. (29B) - Pau Chiong Ching

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUBLINE BERHAD  
Stock Name HUBLINE  
Date Announced26 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140325-C47BA

Particulars of substantial Securities Holder

NamePau Chiong Ching
AddressLot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.
NRIC/Passport No/Company No.520603-13-5561
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPau Chiong Ching
Lot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed03/09/2013
300,000
0.045 
Disposed04/09/2013
1,830,000
0.045 

Circumstances by reason of which change has occurredDisposal of ordinary shares
Nature of interestDirect
Direct (units)451,197,202 
Direct (%)13.92 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change451,197,202
Date of notice04/09/2013

Remarks :
According to Mr Pau Chiong Ching, the original Form 29B was sent via postal service which was not received by the Secretary. A duplicate copy of which was despatched by hand to the Secretary today.


HUBLINE - Changes in Sub. S-hldr's Int. (29B) - Pau Chiong Ching

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUBLINE BERHAD  
Stock Name HUBLINE  
Date Announced26 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140325-0E125

Particulars of substantial Securities Holder

NamePau Chiong Ching
AddressLot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.
NRIC/Passport No/Company No.520603-13-5561
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPau Chiong Ching
Lot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed10/10/2013
2,000,000
0.055 
Disposed14/10/2013
1,000,000
0.060 

Circumstances by reason of which change has occurredDisposal of ordinary shares
Nature of interestDirect
Direct (units)448,197,202 
Direct (%)13.83 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change448,197,202
Date of notice14/10/2013

Remarks :
According to Mr Pau Chiong Ching, the original Form 29B was sent via postal service which was not received by the Secretary. A duplicate copy of which was despatched by hand to the Secretary today.


HUBLINE - Changes in Sub. S-hldr's Int. (29B) - Pau Chiong Ching

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUBLINE BERHAD  
Stock Name HUBLINE  
Date Announced26 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140325-17CD5

Particulars of substantial Securities Holder

NamePau Chiong Ching
AddressLot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.
NRIC/Passport No/Company No.520603-13-5561
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPau Chiong Ching
Lot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed21/10/2013
7,000,000
0.060 
Disposed22/10/2013
2,000,000
0.062 
Disposed22/10/2013
4,000,000
0.061 
Disposed25/10/2013
70,000,000
0.065 

Circumstances by reason of which change has occurredDisposal of ordinary shares
Nature of interestDirect
Direct (units)365,197,202 
Direct (%)11.26 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change365,197,202
Date of notice25/10/2013

Remarks :
According to Mr Pau Chiong Ching, the original Form 29B was sent via postal service which was not received by the Secretary. A duplicate copy of which was despatched by hand to the Secretary today.


HUBLINE - Changes in Sub. S-hldr's Int. (29B) - Pau Chiong Ching

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUBLINE BERHAD  
Stock Name HUBLINE  
Date Announced26 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140325-23958

Particulars of substantial Securities Holder

NamePau Chiong Ching
AddressLot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.
NRIC/Passport No/Company No.520603-13-5561
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPau Chiong Ching
Lot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed28/10/2013
55,000,000
0.065 
Disposed31/10/2013
13,100,000
0.061 
Disposed01/11/2013
5,000,000
0.060 

Circumstances by reason of which change has occurredDisposal of ordinary shares
Nature of interestDirect
Direct (units)292,097,202 
Direct (%)9.012 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change292,097,202
Date of notice01/11/2013

Remarks :
According to Mr Pau Chiong Ching, the original Form 29B was sent via postal service which was not received by the Secretary. A duplicate copy of which was despatched by hand to the Secretary today.


HUBLINE - Changes in Sub. S-hldr's Int. (29B) - Pau Chiong Ching

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUBLINE BERHAD  
Stock Name HUBLINE  
Date Announced26 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140325-4BA61

Particulars of substantial Securities Holder

NamePau Chiong Ching
AddressLot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.
NRIC/Passport No/Company No.520603-13-5561
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPau Chiong Ching
Lot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/11/2013
7,410,000
0.056 
Disposed06/11/2013
9,120,000
0.051 
Disposed06/11/2013
3,200,000
0.050 
Disposed07/11/2013
4,420,000
0.050 

Circumstances by reason of which change has occurredDisposal of ordinary shares
Nature of interestDirect
Direct (units)267,947,202 
Direct (%)8.267 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change267,947,202
Date of notice07/11/2013

Remarks :
According to Mr Pau Chiong Ching, the original Form 29B was sent via postal service which was not received by the Secretary. A duplicate copy of which was despatched by hand to the Secretary today.


HUBLINE - Changes in Sub. S-hldr's Int. (29B) - Pau Chiong Ching

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUBLINE BERHAD  
Stock Name HUBLINE  
Date Announced26 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140325-56D28

Particulars of substantial Securities Holder

NamePau Chiong Ching
AddressLot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.
NRIC/Passport No/Company No.520603-13-5561
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPau Chiong Ching
Lot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed11/11/2013
12,000,000
0.050 

Circumstances by reason of which change has occurredDisposal of ordinary shares
Nature of interestDirect
Direct (units)255,947,202 
Direct (%)7.897 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change255,947,202
Date of notice11/11/2013

Remarks :
According to Mr Pau Chiong Ching, the original Form 29B was sent via postal service which was not received by the Secretary. A duplicate copy of which was despatched by hand to the Secretary today.


HUBLINE - Changes in Sub. S-hldr's Int. (29B) - Pau Chiong Ching

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUBLINE BERHAD  
Stock Name HUBLINE  
Date Announced26 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140325-5F37E

Particulars of substantial Securities Holder

NamePau Chiong Ching
AddressLot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.
NRIC/Passport No/Company No.520603-13-5561
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPau Chiong Ching
Lot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired20/11/2013
300,000
0.050 
Acquired21/11/2013
1,150,000
0.050 
Acquired22/11/2013
1,000,000
0.050 
Acquired25/11/2013
1,000,000
0.050 

Circumstances by reason of which change has occurredAcquired of ordinary shares
Nature of interestDirect
Direct (units)259,397,202 
Direct (%)
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change259,397,202
Date of notice25/11/2013

Remarks :
According to Mr Pau Chiong Ching, the original Form 29B was sent via postal service which was not received by the Secretary. A duplicate copy of which was despatched by hand to the Secretary today.


HUBLINE - Changes in Sub. S-hldr's Int. (29B) - Pau Chiong Ching

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHUBLINE BERHAD  
Stock Name HUBLINE  
Date Announced26 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140325-671A1

Particulars of substantial Securities Holder

NamePau Chiong Ching
AddressLot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.
NRIC/Passport No/Company No.520603-13-5561
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.20 each
Name & address of registered holderPau Chiong Ching
Lot 228-229,
Jalan Tunku Abdul Rahman,
93100 Kuching,
Sarawak.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired04/12/2013
800,000
0.050 
Acquired05/12/2013
750,000
0.050 
Disposed06/12/2013
300,000
0.045 
Disposed09/12/2013
300,000
0.045 
Disposed10/12/2013
320,000
0.045 

Circumstances by reason of which change has occurredAcquired of ordinary shares and Disposal of ordinary shares
Nature of interestDirect
Direct (units)260,027,202 
Direct (%)8.02 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change260,027,202
Date of notice10/12/2013

Remarks :
According to Mr Pau Chiong Ching, the original Form 29B was sent via postal service which was not received by the Secretary. A duplicate copy of which was despatched by hand to the Secretary today.


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