April 14, 2014

Company announcements: PETGAS, GOODWAY, CRESBLD, MAXTRAL, RCECAP, WCT, LSTEEL

PETGAS - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePETRONAS GAS BERHAD  
Stock Name PETGAS  
Date Announced14 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPG-140414-D4F12

Particulars of substantial Securities Holder

NameKUMPULAN WANG PERSARAAN (DIPERBADANKAN)
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak,
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share of RM1.00/share
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4, 5 & 6, Menara Yayasan Tun Razak,
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired07/04/2014
17,500
 
Disposed07/04/2014
51,000
 
Disposed08/04/2014
13,800
 

Circumstances by reason of which change has occurred1.Purchase of share in open market by KWAP's Fund Manager
2.Disposal of share in open market by KWAP's Fund Manager
3.Disposal of share in open market by KWAP's Fund Manager
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change105,025,000
Date of notice11/04/2014

Remarks :
Received Form 29B on 14 April 2014


GOODWAY - OTHERS Goodway Integrated Industries Berhad ("GIIB” or “the Company”) Proposed diversification of the business of GIIB and its subsidiaries into property development and construction (“Proposed Diversification”)

Announcement Type: General Announcement
Company NameGOODWAY INTEGRATED INDUSTRIES BERHAD  
Stock Name GOODWAY  
Date Announced14 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140414-CCCF2

TypeAnnouncement
SubjectOTHERS
DescriptionGoodway Integrated Industries Berhad ("GIIB” or “the Company”)
Proposed diversification of the business of GIIB and its subsidiaries into property development and construction (“Proposed Diversification”)

The Board of Directors of GIIB wishes to announce that the Company proposes to undertake the Proposed Diversification and seek the shareholders' approval in the forthcoming Extraordinary General Meeting. A circular to the shareholders containing information on the Proposed Diversification will be despatched to the shareholders in due course.

Please refer to the attachment for the full text of the announcement pertaining to the Proposed Diversification.

This announcement is dated 14 April 2014



CRESBLD - CRESBLD-EMPLOYEES SHARE OPTION SCHEME ("SCHEME")

Announcement Type: Listing Circular
Company NameCREST BUILDER HOLDINGS BERHAD  
Stock Name CRESBLD  
Date Announced14 Apr 2014  
CategoryListing Circular
Reference NoNE-140414-64087

LISTING'S CIRCULAR NO. L/Q : 70303 OF 2014

Kindly be advised that the abovementioned Company’s additional 150,000 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 16 April 2014.


MAXTRAL - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN

Announcement Type: General Announcement
Company NameMAXTRAL INDUSTRY BERHAD  
Stock Name MAXTRAL  
Date Announced14 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140414-59370

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
DescriptionMAXTRAL INDUSTRY BERHAD ("MAXTRAL" OR THE "COMPANY")
APPEAL AGAINST DE-LISTING UNDER PARAGRAPH 8.04 OF THE BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") MAIN MARKET LISTING REQUIREMENTS ("MMLR")

We refer to the Company's first announcement made on 21 December 2012, 20 December 2013, 23 December 2013, 19 February 2014 and 27 February 2014 in relation to Practice Note 17 ("PN17") of the MMLR.

The Board of Directors ("Board") of Maxtral wishes to announce that the Company had on 11 April 2014 received a reply from Bursa Securities. After due consideration of all facts and circumstances of the case including the written and oral representations of the Company and the following:
  • AmInvestment Bank Berhad had been appointed as the principal adviser for the Company's proposed regularization plan on 17 March 2014; and
  • Subsequent to the termination of the Company's earlier regularization plan involving NEP Holdings (Malaysia) Berhad and Fenghua Construction Engineering Co Ltd in January and March 2014 respectively, the Company had managed to secure a new white knight i.e. Bountiful Return Sdn Bhd ("Bountiful") and had received conditional letters of offers dated 20 March 2014 from Bountiful for the supply of timber logs and leasing of a factory.
Bursa Securities has decided to grant Maxtral an extension of time until 31 July 2014 as requested to submit the regularization plan to the relevant authorities for approval ("the Extended Timeframe").

Bursa Securities further decided to de-list the securities if the Company from the Official List of Bursa Securities pursuant to paragraph 8.04 of the Bursa Securities MMLR in the event:-
(i) the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe;

(ii) the Company fails to obtain the approval for implementation of its regularisation plan and does not appeal within the timeframe (or Extended Timeframe, as the case may be) prescribed to lodge an appeal;

(iii) the Company does not succeed in its appeal; or

(iv) the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

Upon occurrence of any events set out in (i) to (iv) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of 2 market days from the date of the Company is notified by Bursa Securities or such other date as may be specified by Bursa Securities.

In arriving at the aforesaid decision to de-list the Company upon occurrence of any of the events set out in (i) to (iv), Bursa Securities had considered, amongst others, the following factors:-
(1) Maxtral had failed to regularise the Company's financial condition in accordance with paragraph 8.04 of the MMLR and PN17;

(2) The Company had started making losses since financial year ended 31 December 2010 and the financial results of Maxtral for the past 3 financial years ended ("FYE") 31 December 2010 to 31 December 2012 and the Company's latest quarterly report for the financial period ended 31 December 2013 (4th QR 2013) as follows:

Item FYE 31/12/2010 (RM'000)FYE 31/12/2011 (RM'000)FYE 31/12/2012 (RM'000)4th QR 2013 (RM'000)
Revenue61,46421,93615,4411,704
(Loss)/profit before tax(11,091)(120,913)(42,393)(64,052)
(Loss)/profit after tax(10,041)(118,243)(41,405)(67,335)
Shareholders' equity192,31476,18134,776(30,582)
Total interest bearing borrowings62,40961,06362,42233,910
Net current assets/(liabilities)39,5293,439(32,575)(30,658)

(3) All PN17 companies are required to regularise their financial condition and level of operations expeditiously within the timeframes prescribed in paragraph 8.04 of the MMLR and PN17 or extended timeframe as may be granted by Bursa Securities;

(4) The requirement for companies to have an adequate level of financial condition and level of operations serves to ensure that companies listed on the Official List are of a certain minimum quality. Companies that have a minimum level of financial condition and level of operations serve to preserve and sustain market integrity and investors' confidences; and

(5) In the opinion of the Bursa Securities, adequate time and opportunity had been accorded to Maxtral to regularise the Company's financial condition since Maxtral's first announcement on 21 December 2012.

Maxtral will make the necessary announcements as and when there are further developments.

This announcement is dated 14 April 2014.


RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced14 Apr 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140414-2CEF8

Date of buy back14/04/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)71,100
Minimum price paid for each share purchased ($$)0.285
Maximum price paid for each share purchased ($$)0.290
Total consideration paid ($$)20,437.21
Number of shares purchased retained in treasury (units)71,100
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)18,498,900
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 (%)1.6


WCT - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced14 Apr 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoWW-140411-71511

Date of buy back from03/04/2014
Date of buy back to08/04/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)277,100
Minimum price paid for each share purchased ($$)2.170
Maximum price paid for each share purchased ($$)2.170
Total amount paid for shares purchased ($$)602,456.71
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)277,100
Total number of shares retained in treasury (units)5,072,400
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished
Date lodged with registrar of companies14/04/2014
Lodged by WCT Holdings Berhad


LSTEEL - OTHERS Leader Steel Holdings Berhad ("LSTEEL") • Proposed Renewal and Additional Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature; and • Proposed Renewal of Authority to Buy-back Its Own Shares by the Company (collectively referred to as "Proposals")

Announcement Type: General Announcement
Company NameLEADER STEEL HOLDINGS BERHAD  
Stock Name LSTEEL  
Date Announced14 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140411-63460

TypeAnnouncement
SubjectOTHERS
DescriptionLeader Steel Holdings Berhad ("LSTEEL")
• Proposed Renewal and Additional Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature; and
• Proposed Renewal of Authority to Buy-back Its Own Shares by the Company
(collectively referred to as "Proposals")

The Board of Directors of LSTEEL wishes to announce that the Company intends to seek its shareholders’ approval on the following Proposals at its forthcoming Annual General Meeting :

a) Proposed Renewal and Additional Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature; and

b) Proposed Renewal of Authority to Buy-back Its Own Shares by the Company;

A Circular containing the details of the Proposals will be issued and dispatched to the shareholders of the Company in due course.

This announcement is dated 14 April 2014.



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