May 15, 2014

Company announcements: FABER, DRBHCOM, PJDEV, UMCCA, CYMAO, PESTECH, PELIKAN, MPHBCAP, UTUSAN

FABER - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameFABER GROUP BERHAD  
Stock Name FABER  
Date Announced15 May 2014  
CategoryGeneral Announcement
Reference NoFG-140515-44ABA

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionFABER GROUP BERHAD ("FGB" or "the Company")
KUALA LUMPUR HIGH COURT SUIT NO. 22NCC-517-08/2013 SSP MEDICAL TECHNOLOGIES SDN BHD ("PLAINTIFF") AGAINST FABER MEDI-SERVE SDN BHD ("FMS" OR "1ST DEFENDANT") AND HEALTHTRONICS (M) SDN BHD ("2ND DEFENDANT")

We refer to our announcements on 6 September 2013, 9 September 2013 (amended), 10 September 2013, 1 October 2013, 2 October 2013, 22 October 2013, 23 October 2013, 31 October 2013, 7 November 2013, 20 November 2013, 21 November 2013, 22 January 2014, 29 January 2014, 30 January 2014, 4 February 2014, 21 February 2014, 7 March 2014, 26 March 2014, 7 April 2014 and 15 April 2014 in relation to the above matter.

We wish to announce that we were informed by Messrs Cheang & Ariff ("C&A"), the solicitors for Faber Medi-Serve Sdn Bhd (“FMS”), a subsidiary of FGB, that the Sealed Notice of Application to withdraw the suit with liberty to file afresh together with its supporting affidavit had today been served on C&A on behalf of FMS.

The Company will announce further development on the above at the appropriate time.

This announcement is dated 15 May 2014.



DRBHCOM - OTHERS DRB-HICOM BERHAD (“DRB-HICOM” or “the Company”) LEGAL CLAIM SUBMITTED BY DANY TANER BAHAR AGAINST GROUP LOTUS PLC AND DRB-HICOM

Announcement Type: General Announcement
Company NameDRB-HICOM BERHAD  
Stock Name DRBHCOM  
Date Announced15 May 2014  
CategoryGeneral Announcement
Reference NoDD-140515-63311

TypeAnnouncement
SubjectOTHERS
DescriptionDRB-HICOM BERHAD (“DRB-HICOM” or “the Company”)
LEGAL CLAIM SUBMITTED BY DANY TANER BAHAR AGAINST GROUP LOTUS PLC AND DRB-HICOM
Further to the announcement dated 27 August 2012 on the above matter, DRB-HICOM wishes to announce that the parties involved in the legal suit have signed a Settlement Agreement and Release on 14 May 2014 and have agreed to withdraw their claims against each other.
The above arrangement is not expected to have any major impact on the financial or operations of the Group.

This announcement is dated 15 May 2014.


PJDEV - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NamePJ DEVELOPMENT HOLDINGS BERHAD  
Stock Name PJDEV  
Date Announced15 May 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoPD-140515-62436

Date of buy back15/05/2014
Description of shares purchasedOrdinary Shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)591,600
Minimum price paid for each share purchased ($$)1.590
Maximum price paid for each share purchased ($$)1.590
Total consideration paid ($$)943,948.13
Number of shares purchased retained in treasury (units)591,600
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)3,881,200
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 (%)0.85


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

Announcement Type: General Announcement
Company NameUNITED MALACCA BERHAD  
Stock Name UMCCA  
Date Announced15 May 2014  
CategoryGeneral Announcement
Reference NoUM-140515-52476

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionDealings by Principal Officer of the Company (Exercise of share option which is exempted from the general restriction on dealings during outside closed period pursuant to paragraph 14.06(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad)

Pursuant to Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we set out below details of the dealings in the Company's securities by the following Principal Officer.

Name of Principal Officer
Date of acquisition
Exercise price per share
Number of shares
% of issued share capital
Transaction
Ms. Lai Swee Kee
15 May 2014
RM5.42
33,000
0.0159
Exercise of share option pursuant to the United Malacca Berhad's Employee Share Scheme


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

Announcement Type: General Announcement
Company NameUNITED MALACCA BERHAD  
Stock Name UMCCA  
Date Announced15 May 2014  
CategoryGeneral Announcement
Reference NoUM-140515-55015

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionDealings by Principal Officer of the Company (Exercise of share option which is exempted from the general restriction on dealings during outside closed period pursuant to paragraph 14.06(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad)

Pursuant to Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we set out below details of the dealings in the Company's securities by the following Principal Officer.

Name of Principal OfficerDate of acquisitionExercise price per shareNumber of shares% of issued share capitalTransaction
Ms. Yong Yoke Hiong15 May 2014RM5.4212,0000.0058%Exercise share option pursuant to the United Malacca Berhad's Employee Share Scheme


CYMAO - Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement (Amended Announcement)

Announcement Type: Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement
Company NameCYMAO HOLDINGS BERHAD  
Stock Name CYMAO  
Date Announced15 May 2014  
CategoryNotice of Resale/Cancellation of Treasury Shares - Immediate Announcement
Reference NoCC-140515-54135

Date of transaction14/05/2014
CurrencyMalaysian Ringgit (MYR)
Total number of treasury shares sold (units)80,000 
Total number of treasury shares cancelled (units)
Minimum price paid for each share sold ($$)0.480 
Maximum price paid for each share sold ($$)0.485 
Total amount received for treasury shares sold ($$)38,295.33 
Cumulative net outstanding treasury shares as at to-date (units)1,464,500 
Adjusted issued capital after cancellation/resale
(no. of shares) (units)
 

Remarks :
(i) Correction on the total amount received from the resale of treasury shares; and
(ii) The resale of treasury shares was at the prices not less than 5% below the weighted average market price for the 5 market days prior to the resale.


PESTECH - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NamePESTECH INTERNATIONAL BERHAD  
Stock Name PESTECH  
Date Announced15 May 2014  
CategoryGeneral Announcement
Reference NoCS-140515-62522

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionPESTECH INTERNATIONAL BERHAD ("PESTECH" or "the Company")
- MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PESTECH TECHNOLOGY SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND HOLLYSYS (ASIA PACIFIC) PTE. LTD.

The Board of Directors of PESTECH wishes to announce that PESTECH Technology Sdn. Bhd. ("P-Tech"), a wholly-owned subsidiary of the Company had on 15 May 2014 entered into a MOU with HollySys (Asia Pacific) Pte. Ltd. ("Hollysys") to signify that both parties agreed to enter into Technical Cooperation Agreement (“TCA”) to provide hardware and software for Distributed Control System of type Hollysys inclusive of auxiliary systems, engineering support, training and after sales support.


Information on Hollysys


Hollysys is a company incorporated in Singapore with place of business at 200 Pandan Loop, #08-01 Pantech 21, Singapore 128388. It is a wholly owned subsidiary of NASDAQ listed Hollysys Automation Technologies, Ltd (“Hollysys Group”). Hollysys Group is a leading company in the field of development and provision of automation and control technologies and applications for diversified industry and utility customers to improve operating safety, reliability, and efficiency.


Salient Terms of the MOU

The MOU serves as a blueprint for the proposed TCA of which the salient terms are as follows:-

(a) P-Tech will participate as Engineering, Procurement and Contracting (“EPC”) company for control and automation system mainly for power plant operation.

(b) Hollysys will undertake to provide engineering support (hardware and software) as required for Malaysia and other regional countries where PESTECH has presence.

(c) Hollysys will supply P-Tech with training and start-up support.

The signing of TCA will enable both Hollysys and PESTECH to gain prominent foothold in the system integrator control and automation market in Malaysia particularly, as there are minimal presence of local participants, and also develop regional market opportunities to enhance business development potential.

The participation of PESTECH in the TCA enables the build-up of local competency level which could lead to its eventual capability of supporting power plant owner/ operator by providing life cycle assistance such as maintenance, retrofitting and rehabilitation. Thus, offering PESTECH a potential source of recurring income in the future.


The MOU will have no material effect on earnings, revenue and net assets per share of the Group for the financial year ending 31 December 2014 but is expected to contribute positively to the future earnings of the Company.


The Company does not foresee any exceptional risk other than the normal operational risk associated with the MOU. The Company will take the necessary steps to mitigate the risks as and when it occurs.


None of the Directors and/or Major Shareholders and/or persons connected to them, has any interest, direct or indirect in the MOU.

The Board of Directors of PESTECH is of the opinion that the MOU is in the best interest of the Company.

This announcement is dated 15 May 2014



PELIKAN - Changes in Sub. S-hldr's Int. (29B) - Chia Chor Meng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePELIKAN INTERNATIONAL CORPORATION BERHAD  
Stock Name PELIKAN  
Date Announced15 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPI-140515-6E05A

Particulars of substantial Securities Holder

NameChia Chor Meng
AddressNo. 7 Haig Lane
Singapore 438811
NRIC/Passport No/Company No.S0033614/I
Nationality/Country of incorporationSingaporean
Descriptions (Class & nominal value)Ordinary Shares of RM 1.00 each
Name & address of registered holderChia Chor Meng and nominee companies
No. 7 Haig Lane
Singapore 438811
["CCM"]

Khoh Pee Hing and nominee companies
No. 7 Haig Lane
Singapore 438811
["KPH"]

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired15/05/2014
140,000
 

Circumstances by reason of which change has occurredAcquisition of 140,000 shares (0.03%) by KPH through Bursa Malaysia Securities Berhad. Deemed interested pursuant to Section 6A of the Companies Act, 1965 by virtue of shareholdings of his wife.
Nature of interestIndirect
Direct (units)39,535,000 
Direct (%)7.78 
Indirect/deemed interest (units)1,133,900 
Indirect/deemed interest (%)0.22 
Total no of securities after change40,668,900
Date of notice15/05/2014


MPHBCAP - OTHERS MPHB CAPITAL BERHAD (“MPHB CAPITAL” OR “THE COMPANY”) APPROVAL FROM BANK NEGARA MALAYSIA (“BNM”) FOR THE COMPANY TO COMMENCE NEGOTIATIONS TO GRANT A CALL OPTION WHICH MAY RESULT IN A POSSIBLE DISPOSAL OF A MAJORITY EQUITY INTEREST IN MULTI-PURPOSE INSURANS BHD (“MPIB”)

Announcement Type: General Announcement
Company NameMPHB CAPITAL BERHAD  
Stock Name MPHBCAP  
Date Announced15 May 2014  
CategoryGeneral Announcement
Reference NoMC-140515-64469

TypeAnnouncement
SubjectOTHERS
DescriptionMPHB CAPITAL BERHAD (“MPHB CAPITAL” OR “THE COMPANY”)
APPROVAL FROM BANK NEGARA MALAYSIA (“BNM”) FOR THE COMPANY TO COMMENCE NEGOTIATIONS TO GRANT A CALL OPTION WHICH MAY RESULT IN A POSSIBLE DISPOSAL OF A MAJORITY EQUITY INTEREST IN MULTI-PURPOSE INSURANS BHD (“MPIB”)

We refer to our earlier announcement dated 22 January 2014 whereby the Company had announced that BNM had no objection in principle for the Company to commence preliminary negotiations with an interested party in relation to the possible disposal of a minority equity interest in MPIB (“Potential Disposal”).

The Company wishes to announce that BNM has, via its letter dated 15 May 2014, informed the Company that it has no objection in principle for the Company to commence negotiations to grant the said interested party a call option to acquire additional equity interest in MPIB (“Call Option”), which after taking into consideration of the Potential Disposal and in the event that the interested party exercises the Call Option, may result in a possible disposal of a majority equity interest in MPIB.

This announcement is dated 15 May 2014.



UTUSAN - Annual Report 2013

Announcement Type: Document Receipt
Company NameUTUSAN MELAYU (MALAYSIA) BERHAD  
Stock Name UTUSAN  
Date Announced15 May 2014  
CategoryDocument Receipt
Reference NoRM-140515-63547

Annual Report for Financial Year Ended31/12/2013
SubjectAnnual Report 2013

Attachments

UTUSAN-AnnualReport2013.pdf
2956 KB






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