March 10, 2014

Company announcements: YNHPROP, KIANJOO, CANONE, TUNEINS, KPS, BOXPAK, GOLSTA, AHB, SEG

YNHPROP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameYNH PROPERTY BERHAD  
Stock Name YNHPROP  
Date Announced10 Mar 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-140310-68890

Date of buy back10/03/2014
Description of shares purchasedOrdinary Shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)833,000
Minimum price paid for each share purchased ($$)1.903
Maximum price paid for each share purchased ($$)1.903
Total consideration paid ($$)1,585,199.00
Number of shares purchased retained in treasury (units)833,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)16,595,978
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 (%)3.87

Remarks :
This announcement is dated 10 March 2014.


KIANJOO - OTHERS KIAN JOO CAN FACTORY BERHAD ("KIAN JOO" OR "THE COMPANY") - RECEIPT OF LETTER OF INTEREST FROM TOYOTA TSUSHO CORPORATION ("TTC") ON POSSIBLE PURCHASE OF MAJORITY OF ISSUED AND OUTSTANDING STOCKS OF KIAN JOO CAN FACTORY BERHAD ("STOCKS")

Announcement Type: General Announcement
Company NameKIAN JOO CAN FACTORY BERHAD  
Stock Name KIANJOO  
Date Announced10 Mar 2014  
CategoryGeneral Announcement
Reference NoKJ-140310-64315

TypeAnnouncement
SubjectOTHERS
DescriptionKIAN JOO CAN FACTORY BERHAD ("KIAN JOO" OR "THE COMPANY")
- RECEIPT OF LETTER OF INTEREST FROM TOYOTA TSUSHO CORPORATION ("TTC") ON POSSIBLE PURCHASE OF MAJORITY OF ISSUED AND OUTSTANDING STOCKS OF KIAN JOO CAN FACTORY BERHAD ("STOCKS")

We refer to our announcement dated 10 March 2014.

Kian Joo has on 10 March 2014 received a non-binding letter of interest from TTC ("Letter") to purchase fifty-one percent (51%) of the Stocks ("Interest").

The Letter does not tantamount to an Offer as the Letter stated it is non-binding and is merely an expression of TTC's preliminary intention.

We have sought the following information from TTC:-

1. Profile/Identity of TTC;

2. Identity of TTC's possible partner(s);

3. Whether TTC or its subsidiaries is in the same industry;

4. Financing evidence of TTC's proposed purchase; and

5. The name of the seller of the 51% Stocks and its profile.

Further details of the Interest are set out in the Letter attached.

A further announcement will be made in due course.


This announcement is dated 10 March 2014.



KIANJOO - OTHERS (Amended Announcement)

Announcement Type: General Announcement
Company NameKIAN JOO CAN FACTORY BERHAD  
Stock Name KIANJOO  
Date Announced10 Mar 2014  
CategoryGeneral Announcement
Reference NoKJ-140310-69469

TypeAnnouncement
SubjectOTHERS
DescriptionKIAN JOO CAN FACTORY BERHAD ("KIAN JOO" OR "THE COMPANY")
- RECEIPT OF LETTER OF INTEREST FROM TOYOTA TSUSHO CORPORATION ("TTC") ON POSSIBLE PURCHASE OF MAJORITY OF ISSUED AND OUTSTANDING STOCKS OF KIAN JOO CAN FACTORY BERHAD ("STOCKS")

We refer to our announcement dated 10 March 2014.

Kian Joo has on 10 March 2014 received a non-binding letter of interest from TTC ("Letter") to purchase fifty-one percent (51%) of the Stocks ("Interest").

The Letter does not tantamount to an Offer as the Letter stated it is non-binding and is merely an expression of TTC's preliminary intention.

We have sought the following information from TTC:-

1. Profile/Identity of TTC;

2. Identity of TTC's possible partner(s);

3. Whether TTC or its subsidiaries is in the same industry;

4. Financing evidence of TTC's proposed purchase; and

5. The name of the seller of the 51% Stocks and its profile.

Further details of the Interest are set out in the Letter attached.

A further announcement will be made in due course.


This announcement is dated 10 March 2014.

Attachments

Letter from Toyota.pdf
792 KB



CANONE - OTHERS Can-One Berhad (“Can-One” or “Company”) Receipt of Letter of Interest by Associate Company, Kian Joo Can Factory Berhad (“Kian Joo”) from Toyota Tsusho Corporation (“TTC”) on Possible Purchase of Majority of Issued and Outstanding Stocks of Kian Joo (“Stocks”)

Announcement Type: General Announcement
Company NameCAN-ONE BERHAD  
Stock Name CANONE  
Date Announced10 Mar 2014  
CategoryGeneral Announcement
Reference NoC--140310-76916

TypeAnnouncement
SubjectOTHERS
DescriptionCan-One Berhad (“Can-One” or “Company”)
Receipt of Letter of Interest by Associate Company, Kian Joo Can Factory Berhad (“Kian Joo”) from Toyota Tsusho Corporation (“TTC”) on Possible Purchase of Majority of Issued and Outstanding Stocks of Kian Joo (“Stocks”)

We refer to our announcement dated 10 March 2014.

Kian Joo has on 10 March 2014 received a non-binding letter of interest from TTC (“Letter”) to acquire fifty-one percent (51%) of the Stocks (“Interest”).

For further details of the Interest, kindly refer to the announcement made by Kian Joo on 10 March 2014.


This announcement is dated 10 March 2014.



TUNEINS - OTHERS TUNE INS HOLDINGS BERHAD - SUBMISSION OF APPLICATION IN RESPECT OF A PROPOSED INVESTMENT OF 49% EQUITY INTEREST IN OSOTSPA INSURANCE PUBLIC COMPANY LIMITED

Announcement Type: General Announcement
Company NameTUNE INS HOLDINGS BERHAD  
Stock Name TUNEINS  
Date Announced10 Mar 2014  
CategoryGeneral Announcement
Reference NoCM-140310-B3BC1

TypeAnnouncement
SubjectOTHERS
DescriptionTUNE INS HOLDINGS BERHAD
- SUBMISSION OF APPLICATION IN RESPECT OF A PROPOSED INVESTMENT OF 49% EQUITY INTEREST IN OSOTSPA INSURANCE PUBLIC COMPANY LIMITED


The Board of Directors of Tune Ins Holdings Berhad (known as “TIH”) wish to announce that it intends to invest in 49% equity interest in Osotspa Insurance Public Company Limited (“OSI”), a non-life insurance company in Thailand (“the Proposed Investment”). OSI had, on 10 March 2014, submitted an application to the Office of Insurance Commission Thailand (“OIC”), to increase the foreign ownership limit of OSI to 49% and relax the mandatory minimum quota of Thai national directors from more than three quarters of all directors to more than one half of all directors pursuant to Section 9 of the Non-Life Insurance B. E. 2535 (1992) of Thailand.

Please refer to the attachment for further details.

This announcement is dated 10 March 2014.



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

Announcement Type: General Announcement
Company NameKUMPULAN PERANGSANG SELANGOR BERHAD  
Stock Name KPS  
Date Announced10 Mar 2014  
CategoryGeneral Announcement
Reference NoMI-140310-66460

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionKUMPULAN PERANGSANG SELANGOR BERHAD (“PERANGSANG SELANGOR” OR “COMPANY”)

PROPOSED DISPOSALS OF THE FOLLOWING:

(I) 30% EQUITY INTEREST IN SYARIKAT PENGELUAR AIR SELANGOR HOLDINGS BERHAD (“SPLASH HOLDINGS”) TO KUMPULAN DARUL EHSAN BERHAD (“KDEB”), A COMPANY WHOLLY-OWNED BY THE SELANGOR STATE GOVERNMENT VIA MENTERI BESAR SELANGOR (INCORPORATED)(“MBI”); AND

(II) 90.83% EQUITY INTEREST IN TITISAN MODAL SDN BHD (“TMSB”) TO KDEB

We refer to the announcement dated 27 February 2014 in relation to the receipt by the Company of the offer letters dated 26 February 2014 from KDEB to acquire the following;

(i) 30% equity interest in SPLASH Holdings; and

(ii) 90.83% equity interest in TMSB.

On behalf of the Board of Directors of the Company ("Board"), Maybank Investment Bank Berhad wishes to announce that the Board, save for YM Raja Haji Idris Raja Kamarudin and Encik Suhaimi Bin Kamaralzaman, has deliberated on the terms and conditions of the offers as set out in the offer letters and has resolved to accept the offers.

Please refer to the attachment for further details of the Proposed Disposals.

This Announcement is dated 10 March 2014.



BOXPAK - OTHERS BOX-PAK (MALAYSIA) BHD ("BOX-PAK" OR "COMPANY") - RECEIPT OF LETTER OF INTEREST BY HOLDINNG COMPANY, KIAN JOO CAN FACTORY BERHAD ("KIAN JOO") FROM TOYOTA TSUSHO CORPORATION ("TTC") ON POSSIBLE PURCHASE OF MAJORITY OF ISSUED AND OUTSTANDING STOCKS OF KIAN JOO ("STOCKS")

Announcement Type: General Announcement
Company NameBOX-PAK (MALAYSIA) BERHAD  
Stock Name BOXPAK  
Date Announced10 Mar 2014  
CategoryGeneral Announcement
Reference NoBB-140310-63900

TypeAnnouncement
SubjectOTHERS
DescriptionBOX-PAK (MALAYSIA) BHD ("BOX-PAK" OR "COMPANY")
- RECEIPT OF LETTER OF INTEREST BY HOLDINNG COMPANY, KIAN JOO CAN FACTORY BERHAD ("KIAN JOO") FROM TOYOTA TSUSHO CORPORATION ("TTC") ON POSSIBLE PURCHASE OF MAJORITY OF ISSUED AND OUTSTANDING STOCKS OF KIAN JOO ("STOCKS")

 

We refer to our announcement dated 10 March 2014.

 

Kian Joo has on 10 March 2014 received a non-binding letter of interest from TTC ("Letter") to acquire fifty-one percent (51%) of the Stocks ("Interest").

 

For further details of the Interest, kindly refer to the announcement made by Kian Joo on 10 March 2014.

 

 

 

This announcement is dated 10 March 2014.

 

 

 



GOLSTA - Unusual Market Activity

Announcement Type: General Announcement
Company NameGOLSTA SYNERGY BERHAD  
Stock Name GOLSTA  
Date Announced10 Mar 2014  
CategoryGeneral Announcement
Reference NoGS-140310-67539

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDTE-140310-54762
SubjectUnusual Market Activity
DescriptionUnusual Market Activity
Query Letter Contents We draw your attention to the unusual price rise recently (“trading activity”).

In light of the above and in order for investors to be able to make informed
investment decisions, you are requested to respond, after making due enquiry
with your directors, major shareholders and such other relevant persons, to
the following queries immediately for public release in accordance with
paragraph 9.11 of Listing Requirements :-

1. Whether there is any corporate development relating to your Group’s
business and affairs that has not been previously announced that may account
for the trading activity including those in the stage of
negotiation/discussion. If yes, kindly provide the details including status of
the corporate development to enable investors to make informed investment
decision;
2. Whether there is any rumour or report concerning the business and affairs of
the Group that may account for the trading activity and in this respect, you
are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;
3. Whether you are aware of any other possible explanation to account for the
trading activity; and
4. Whether you are in compliance with the Bursa Securities LR, in particular
Paragraph 9.03 of the Bursa Securities LR on immediate disclosure obligations.

Please note that the contents of the announcement must be endorsed by the Board
of Directors of the Company and the announcement must reach Bursa Securities
immediately via Bursa LINK.
Yours faithfully





HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation

TEK

We refer to the letter from Bursa Malaysia Berhad dated 10 March 2014, bearing reference: TE-140310-54762, on unusual market activity on the trading of the Company’s shares.

Pursuant to paragraph 9.11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (''Bursa Securities LR'') on Response to Unusual Activity, the Board of Directors of Golsta Synergy Berhad ("Golsta" or "the Company") after making due enquiry with all the Board members and major shareholders and such other relevant persons seeking their views on the unusual market activity, wishes to advise that, to the best of their knowledge, they are not aware of any specific reason to account for the unusual price rise in the Company’s securities recently, save for the following:


i.  The Company has, however, on 21 February 2014, announced Tan Sri Clement Hii Chii Kok’s notification of his substantial interest in the Company via GS Capital Sdn Bhd under Section 6A of the Companies Act, 1965 pursuant to the Share Sale Agreement dated 21 February 2014.

 

ii.  On the same day, the Company further announced the increase of GS Capital Sdn Bhd’s shareholding to 36.69%.


iii.  The receipt of notice of conditional mandatory take-over offer from RHB Investment Bank Berhad, on behalf of GS Capital Sdn Bhd (the “Offeror”), in respect of the Offeror’s obligation to undertake a conditional mandatory take-over offer to acquire all the remaining ordinary shares of RM1.00 each in Golsta not already held by the Offeror and the persons acting in concert with the Offeror (“Offer Shares”) at the offer price of RM2.10 per Offer Share, pursuant to Section 9(1)(a) of the Malaysian Code on Take-Overs and Mergers, 2010.

Save for the above developments, the Board of Directors is unaware of any other rumour or report concerning the business and affairs of the Golsta Group that may account for the trading activity. The Board of Directors is also unaware of any other possible explanation to account for the trading activity.

The Board of Directors also confirms that they are in compliance with the Bursa Securities LR, in particular paragraph 9.03 of Bursa Securities LR on immediate disclosure obligations.



This announcement is dated 10 March 2014.


AHB - OTHERS AHB HOLDINGS BERHAD (“AHB” or “the Company”) - Update on legal suit case of AHB Technology Sdn Bhd, a wholly-owned major subsidiary company of AHB

Announcement Type: General Announcement
Company NameAHB HOLDINGS BERHAD  
Stock Name AHB  
Date Announced10 Mar 2014  
CategoryGeneral Announcement
Reference NoCC-140310-62236

TypeAnnouncement
SubjectOTHERS
DescriptionAHB HOLDINGS BERHAD (“AHB” or “the Company”)
- Update on legal suit case of AHB Technology Sdn Bhd, a wholly-owned major subsidiary company of AHB

Reference is made to the announcement made on 28 February 2014 pertaining to the application for stay of execution, the Board of Directors of AHB wishes to announce that AHB Technology Sdn Bhd (“ATSB”), its wholly-owned major subsidiary company, the application for the stay of execution has been dismissed by Kuala Lumpur High Court. ATSB will continue to negotiate with Malayan Banking Berhad ("MBB") for an amicable settlement arrangement with MBB. ATSB will continue to legally defend the suit.

The Board of Directors of AHB shall make further announcement of any material development on the above matter as and when necessary.

This announcement is dated 10 March 2014.



SEG - Changes in Sub. S-hldr's Int. (29B) - HAL Holding N.V.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSEG INTERNATIONAL BHD  
Stock Name SEG  
Date Announced10 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSI-140307-BD03B

Particulars of substantial Securities Holder

NameHAL Holding N.V.
AddressJohan van Walbeeckplein 11A
Willemstad, Curacao
NRIC/Passport No/Company No.46339
Nationality/Country of incorporationCuracao
Descriptions (Class & nominal value)Ordinary shares of RM0.25 each (“Shares”)
Name & address of registered holderTan Sri Clement Hii Chii Kok
No. 9, Jalan Teknologi, Taman Sains Selangor
Kota Damansara, PJU 5
47810 Petaling Jaya, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired04/02/2014
2,750,000
 
Acquired05/03/2014
2,900,000
 
Acquired06/03/2014
3,466,000
 

Circumstances by reason of which change has occurredDeemed interest in the additional SEG Shares acquired by Tan Sri Clement Hii Chii Kok by virtue of Section 6A of the Companies Act, 1965.
Nature of interestIndirect interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)476,034,720 
Indirect/deemed interest (%)74.1 
Total no of securities after change476,034,720
Date of notice10/03/2014

Remarks :
This Announcement is dated 10 March 2014.


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