May 12, 2014

Company announcements: ITRONIC, WCT, SEG, YOKO

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

Announcement Type: General Announcement
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced12 May 2014  
CategoryGeneral Announcement
Reference NoCC-140512-7D6B6

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionINDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
- DISPOSAL OF SHARES IN SOLUTION ENGINEERING HOLDINGS BERHAD

Reference is made to the Company’s announcements made on 3 December 2013, 3 January 2014, 21 January 2014, 28 April 2014, 30 April 2014 and 9 May 2014 and Circular to Shareholders dated 6 January 2014 respectively.

The Board of Directors of Industronics wishes to inform that Industronics has on 9 May 2014 disposed in the open market an aggregate of 900,000 ordinary shares of RM0.10 each in Solution Engineering Holdings Berhad (“SEHB”), a public company listed on ACE Market of Bursa Malaysia Securities Berhad, representing 0.49% of the existing issued and paid up share capital of SEHB (based on SEHB’s issued and paid-up capital as at 19 August 2013 as announced on 16 August 2013) at the average disposal price of RM0.15 each or gross proceeds of totaling RM135,000.00 (“Disposal”).

Upon completion of the Disposal, the Company’s shareholdings in SEHB reduced to 5,501,100 SEHB’s shares, representing approximately 2.96% of the issued and paid-up share capital of SEHB.

The Disposal will not have any effect on the issued and paid-up share capital and shareholding structure of the substantial shareholders in Industronics. The Disposal will not have material effect on the net assets per share, gearing and earnings per share of the Industronics Group for the current financial year ending 31 December 2014.

The Company incurred a book loss of approximately RM0.171 million from the Disposal as compared to the carrying value of investment for the said 900,000 SEHB shares of RM0.306 million.

The highest percentage ratio applicable to the Disposal pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.5% and the aggregate percentage ratio applicable to the SEHB shares disposed on 28 April 2014, 29 April 2014, 8 May 2014 and 9 May 2014 is 9%.

None of the directors and/ or the major shareholders of Industronics and/ or persons connected with them have any interest, direct or indirect, in the Disposal.

The Directors of Industronics are of the opinion that the Disposal is in the best interest of the Company after taking into consideration of the following :-

  1. The Company had on 24 April 2013 acquired 54,241,900 SEHB shares via open market transaction at total consideration of RM10.489 million (“Original Cost of Investment”). Subsequently on 13 November 2013, 14 November 2013, 28 April 2014, 29 April 2014 and 8 May 2014 the Company had disposed 47,840,800 SEHB shares for a total cash consideration of RM12.3 million (“Previous Disposals”), which had fully covered the Original Cost of Investment of the Company. As such, the sale of remaining SEHB shares held by the Company will be deemed as gain / profit to the Company.

  2. In an effort to strengthen the Industronics Group financial position and with an aim of focusing on the Group’s core business, the Group had undertaken efforts to streamline the Group structure for better efficiency and relieving the Company from incurring further losses in the Group’s investment by disposing / dissolving non-performing subsidiaries and associated company. The Company noted the share price for SEHB has drop dramatically in the month of April 2014. In order to avoid further diminution in the investment, the Board has made the decision to dispose the remaining SEHB shares.

  3. The Disposal will generate additional cash flow for the working capital requirements of the Group’s operations and to enhance financial position of the Company.

     

This announcement is dated 12 May 2014.

 



WCT - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced12 May 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoWW-140512-4F1DD

Date of buy back12/05/2014
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)57,200
Minimum price paid for each share purchased ($$)2.220
Maximum price paid for each share purchased ($$)2.220
Total consideration paid ($$)127,276.08
Number of shares purchased retained in treasury (units)57,200
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)6,588,300
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 (%)0.603


SEG - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):OTHER ISSUE OF SECURITIES

Announcement Type: General Announcement
Company NameSEG INTERNATIONAL BHD  
Stock Name SEG  
Date Announced12 May 2014  
CategoryGeneral Announcement
Reference NoMI-140512-61395

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
DescriptionSEG INTERNATIONAL BHD ("SEGi" OR THE "COMPANY")

PROPOSED ESTABLISHMENT OF A LONG TERM INCENTIVE PLAN ("PROPOSED LTIP")
Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcement in relation to the Proposed LTIP.
We refer to the earlier announcement dated 4 April 2014 in relation to the Proposed LTIP.

On behalf of the Board of Directors of SEGi, RHB Investment Bank Berhad wishes to announce that the listing application in regards to the Proposed LTIP has been submitted to Bursa Malaysia Securities Berhad on 12 May 2014.


This announcement is dated 12 May 2014.


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

Announcement Type: Financial Results
Company NameYOKOHAMA INDUSTRIES BERHAD  
Stock Name YOKO  
Date Announced12 May 2014  
CategoryFinancial Results
Reference NoCC-140512-59679

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

Attachments

2014 Q1 Fin Result.pdf
81 KB

2014 Q1 Note.pdf
168 KB

  • 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
37,938
45,848
37,938
45,848
2Profit/(loss) before tax
1,956
4,145
1,956
4,145
3Profit/(loss) for the period
1,395
3,279
1,395
3,279
4Profit/(loss) attributable to ordinary equity holders of the parent
1,439
3,270
1,439
3,270
5Basic earnings/(loss) per share (Subunit)
1.69
3.75
1.69
3.75
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 ($$)
1.2600
1.2400
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


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