May 28, 2014

Company announcements: GUNUNG, WIDETEC, BHIC, PRKCORP, HWATAI, FRB

GUNUNG - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameGUNUNG CAPITAL BERHAD  
Stock Name GUNUNG  
Date Announced28 May 2014  
CategoryGeneral Meetings
Reference NoCG-140528-64639

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionGUNUNG CAPITAL BERHAD

NOTICE OF 19TH ANNUAL GENERAL MEETING
Date of Meeting20/06/2014
Time11:00 AM
VenueDiamond Room, SSL Traders Hotel
No. 43, Jalan Medan Perwira Satu, Medan Perwira, 34600 Kamunting, Perak Darul Ridzuan
Date of General Meeting Record of Depositors13/06/2014

Attachments

Gunung 2014 AGM Adv (NST).pdf
108 KB



WIDETEC - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameWIDETECH (MALAYSIA) BERHAD  
Stock Name WIDETEC  
Date Announced28 May 2014  
CategoryGeneral Announcement
Reference NoCA-140528-61239

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionWIDETECH (MALAYSIA) BERHAD
- PROVISION OF FINANCIAL ASSISTANCE PURSUANT TO PARAGRAPH 8.23(1)(ii) AND PRACTICE NOTE 11 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to paragraph 8.23(1)(ii) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Widetech (Malaysia) Berhad ("Widetech") wishes to announce the information in relation to the loans extended by GW Premium Capital Sdn Bhd, a wholly-owned subsidiary of Widetech, in its ordinary course of business as a licensed money lender for the fourth quarter ended 31 March 2014 as set out in the table attached below.

This announcement is dated 28 May 2014.



WIDETEC - Quarterly rpt on consolidated results for the financial period ended 31/3/2014

Announcement Type: Financial Results
Company NameWIDETECH (MALAYSIA) BERHAD  
Stock Name WIDETEC  
Date Announced28 May 2014  
CategoryFinancial Results
Reference NoCA-140528-58952

Financial Year End31/03/2014
Quarter4
Quarterly report for the financial period ended31/03/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2014
31/03/2013
31/03/2014
31/03/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
2,707
2,859
10,494
9,432
2Profit/(loss) before tax
-3,747
837
-3,042
2,297
3Profit/(loss) for the period
-3,184
833
-2,476
2,259
4Profit/(loss) attributable to ordinary equity holders of the parent
-5,573
290
-6,114
816
5Basic earnings/(loss) per share (Subunit)
-12.45
0.65
-13.66
1.82
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.5400
0.6500
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


BHIC - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBOUSTEAD HEAVY INDUSTRIES CORPORATION BHD  
Stock Name BHIC  
Date Announced28 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBH-140528-39563

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak
Peti Surat 11025
50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT5351995
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share @ RM1.00 each
Name & address of registered holderLembaga Tabung Haji
201, Jalan Tun Razak
Peti Surat 11025
50732 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired20/05/2014
33,500
 
Acquired21/05/2014
2,000
 
Acquired23/05/2014
5,700
 
Acquired26/05/2014
42,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change15,319,500
Date of notice27/05/2014


PRKCORP - Quarterly rpt on consolidated results for the financial period ended 31/3/2014

Announcement Type: Financial Results
Company NamePERAK CORPORATION BERHAD  
Stock Name PRKCORP  
Date Announced28 May 2014  
CategoryFinancial Results
Reference NoCS-140526-39248

Financial Year End31/12/2014
Quarter1
Quarterly report for the financial period ended31/03/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2014
31/03/2013
31/03/2014
31/03/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
22,615
32,273
22,615
32,273
2Profit/(loss) before tax
4,405
15,241
4,405
15,241
3Profit/(loss) for the period
1,947
11,309
1,947
11,309
4Profit/(loss) attributable to ordinary equity holders of the parent
-2,030
6,798
-2,030
6,798
5Basic earnings/(loss) per share (Subunit)
-2.03
6.80
-2.03
6.80
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
5.1400
5.1400
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


PRKCORP - Change of Address

Announcement Type: Change of Address
Company NamePERAK CORPORATION BERHAD  
Stock Name PRKCORP  
Date Announced28 May 2014  
CategoryChange of Address
Reference NoCS-140411-57900

Change descriptionCorrespondence 
Old address 2nd Floor, Wisma Wan Mohamed
Jalan Panglima Bukit Gantang Wahab
30000 Ipoh, Perak 
New addressNo. 1-A, Blok A, Menara PKNP
Jalan Meru Casuarina
Bandar Meru Raya
30020 Ipoh, Perak 
Name of Registrar 
Telephone no05-5019888 
Facsimile no05-5019999 
E-mail addressrozahan@pknpgroup.com.my 
Effective date28/05/2014 


PRKCORP - OTHERS OUTSTANDING RELATED PARTY RECEIVABLES

Announcement Type: General Announcement
Company NamePERAK CORPORATION BERHAD  
Stock Name PRKCORP  
Date Announced28 May 2014  
CategoryGeneral Announcement
Reference NoCS-140526-37769

TypeAnnouncement
SubjectOTHERS
DescriptionOUTSTANDING RELATED PARTY RECEIVABLES

Perak Corporation Berhad wishes to announce the outstanding related party receivables as at 31 March 2014 in response to the directive from Bursa Malaysia Securities Berhad dated 21 May 2010.

Please refer to the attachment for details.

This announcement is dated 28 May 2014.



PRKCORP - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NamePERAK CORPORATION BERHAD  
Stock Name PRKCORP  
Date Announced28 May 2014  
CategoryGeneral Announcement
Reference NoMI-140528-36736

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionPERAK CORPORATION BERHAD (“PCB” OR THE “COMPANY”)

PROPOSED PROVISION OF FINANCIAL ASSISTANCE BY PCB DEVELOPMENT SDN BHD (“PCBD”), A WHOLLY-OWNED SUBSIDIARY OF PCB TO ANIMATION THEME PARK SDN BHD (“ATP”), A 49%-OWNED ASSOCIATE COMPANY OF PCBD, FOR A SYNDICATED TERM LOAN FACILITY OF UP TO RM280.0 MILLION TO BE PROCURED BY ATP (“PROPOSED PROVISION OF FINANCIAL ASSISTANCE”)

 AFFIN Investment Bank Berhad, on behalf of the Board of Directors of PCB, wishes to announce that its wholly-owned subsidiary, PCBD, is proposing to provide financial assistance to ATP, a 49%-owned associate company of PCBD, in the form of a corporate guarantee and shareholders’ undertaking for a syndicated term loan facility of up to RM280.0 million (“STL”) to be procured by ATP. The STL is to be procured by ATP to part finance the construction and development cost of a Movie Animation Park Studio in Bandar Meru Raya, Ipoh, Perak.

Further details of the Proposed Provision of Financial Assistance are set out in the attachment.

This announcement is dated 28 May 2014.

 

 

 

 



HWATAI - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameHWA TAI INDUSTRIES BERHAD  
Stock Name HWATAI  
Date Announced28 May 2014  
CategoryGeneral Announcement
Reference NoMM-140528-878F2

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionHWA TAI INDUSTRIES BERHAD (“HWA TAI” OR “COMPANY”)

(I) PROPOSED PAR VALUE REDUCTION;
(II) PROPOSED AMENDMENT;
(III) PROPOSED RIGHTS ISSUE; AND
(IV) PROPOSED EXEMPTION

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

(For consistency, all the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 24 April 2014 in relation to the Proposals, where applicable, unless stated otherwise or defined herein)

 

Reference is made to the Company’s announcements dated 24 April 2014 and 12 May 2014.

 

On behalf of the Board of Directors of Hwa Tai, Public Investment Bank Berhad (“PIVB”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 27 May 2014 (which we had received on 28 May 2014), approved the listing and quotation of up to 60,063,600 new Hwa Tai Shares to be issued pursuant to the Proposed Rights Issue.

 

The approval granted by Bursa Securities for the Proposed Rights Issue is subject to the following conditions:

 

(i) Hwa Tai and PIVB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Rights Issue;

 

(ii) Hwa Tai and PIVB to inform Bursa Securities upon the completion of the Proposed Par Value Reduction and Proposed Rights Issue;

 

(iii) Hwa Tai and PIVB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue is completed; and

 

(iv) To incorporate Bursa Securities comments in respect of the draft circular to shareholders provided in the attachment of the Bursa Securities’ letter of approval.

 

 

This announcement is dated 28 May 2014. 

 



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

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced28 May 2014  
CategoryGeneral Announcement
Reference NoFR-140528-55046

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionACQUISITIONS BY FORMIS HOLDINGS BHD (“FHB”), OF 800,000 ORDINARY SHARES OF RM0.50 EACH IN HO HUP CONSTRUCTION COMPANY BERHAD

The Board of Directors of Formis Resources Berhad (“FRB” and/or the “Company”) wishes to announce that Formis Holdings Bhd (“FHB”), a wholly-owned subsidiary of FRB, has acquired a total of 800,000 ordinary shares of RM0.50 each (“Shares”) in Ho Hup Construction Company Berhad (“Ho Hup”) in the open market on 27 May 2014 and 28 May 2014 for a total cash consideration of RM1,088,018.05 only (“Acquisitions”).

Following the Acquisitions, FHB now holds a total of 28,161,000 Shares representing 10.66% equity interest in Ho Hup, 23,115,000 irredeemable convertible preference shares of RM0.01 each and 11,557,500 warrants 2013/2018 of Ho Hup.

The cash considerations of the Acquisitions were at prevailing market prices of ordinary shares at the time of acquisitions and funded entirely from borrowings. The Acquisitions represent an opportunity for the FRB Group to expand its portfolio of investment for potential value enhancement. The Board of Directors does not envisage any specific risk associated with the Acquisitions apart from the general business risks faced by Ho Hup after the Acquisitions.

The Acquisitions have no effect on the issued and paid-up share capital or major shareholders’ shareholdings of FRB. The Acquisitions are not expected to have any material effect on the consolidated net assets and earnings of FRB for the current financial year ending 31 March 2015. Please refer to Table 1 below for the effects on the gearing for the Acquisitions.

The Shares were acquired free from encumbrances and there are no liabilities, including contingent liability or guarantee, to be assumed by FHB arising from the Acquisitions.

The Acquisitions are not subject to the approval of the shareholders of FRB or any other relevant authority.

Having taken into consideration of all aspects of the Acquisitions, the Audit and Risk Management Committee of FRB is of the view that the Acquisitions are in the best interest of FRB, fair, reasonable and on normal commercial terms and are not detrimental to the interest of the minority shareholders of FRB.

The Board of Directors of FRB (save for the interested Directors) is of the opinion that the Acquisitions are in the best interest of the FRB Group.

The highest percentage ratio applicable to the Acquisitions pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Berhad’s Main Market Listing Requirements is approximately 0.78%.

Dato’ Thong Kok Khee is a Director and shareholder of both FRB and Ho Hup by virtue of his indirect interest in FRB and Ho Hup. Dato’ Mah Siew Kwok (“Dato’ Mah”) is a Director and major shareholder of both FRB and Ho Hup by virtue of his direct interest in FRB and direct and indirect interest in Ho Hup. Ms Mah Xian-Zhen, the daughter to Dato’ Mah, is a Director of FRB and a shareholder of Ho Hup. Save as disclosed, none of the other Directors and/or other major shareholders of FRB or persons connected with them has any interest, direct or indirect, in the Acquisitions.Save as disclosed below, the Board of Directors of FRB is not aware of any other transactions entered into by FRB or FHB with the related party in the twelve months preceding 27 May 2014 :

Company

Related party

Nature of transactions

Total amount transacted from 28 May 2013 to 27 May 2014

(RM)

FHB

Insas Credit & Leasing Sdn Bhd, a subsidiary of Insas, where Dato’ Thong Kok Khee is a major shareholder

Term Loan Facility

19,077,538.50

This Announcement is dated 28 May 2014.



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