KNM - MATERIAL LITIGATION
| Company Name | KNM GROUP BERHAD |
| Stock Name | KNM |
| Date Announced | 2 May 2014 |
| Category | General Announcement |
| Reference No | KG-140502-3CD47 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | IN THE MATTER OF ARBITRATION BETWEEN KNM PROCESS SYSTEMS SDN BHD AND MISSION BIOFUELS SDN BHD (announcement pursuant to paragraph 9.04(g) of the Main Market Listing Requirements) |
KNM Group Berhad (“KNM”) wishes to announce that its wholly-owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS”) has on 30 April 2014, filed its Points of Claim in the Arbitration proceedings as aforesaid between KNMPS and Mission Biofuels Sdn Bhd (“MBSB”), a wholly-owned subsidiary of MISSION NEWENERGY LIMITED (MNEL), a company listed both on the Australian Stock Exchange (under “MBT:ASX”) and in the US OTC (under “MNELF:OTCBB”), in connection with the Engineering, Procurement, Construction and Commissioning Contract dated 25 July 2007 (“EPCC”). This EPCC was for “The design, engineering, procurement, manufacture, supply, erection, construction, installation, completion, testing and commissioning of a continuous Acid Conditioning and Silica Pre-treatment, FFA pre-treatment and Methyl Ester Transesterification Plant with biodiesel output of 750 tpd (250,000) tpa and 98% pure technical grade glycerine output of 82 tpd (27,308 tpa) along with the associated balance of plant at Kuantan Port, Malaysia". This Arbitration is part of KNM Group’s on-going litigation actions to protect and preserve KNMPS’ rights and monetary claims for various works and services provided in respect of the EPCC as previously announced on 13 March 2013, 9 May 2013 and 7 June 2013. KNMPS is claiming in Arbitration for: i. USD8,229,793.44 being cost incurred after commissioning; (e) damages; KNMPS’s solicitors have been instructed and shall pursue all available legal avenues to protect KNMPS’s rights and interests. KNM is of the opinion that the arbitration proceeding is not expected to have a material impact on the operational and financial position of KNM Group for the financial year ending 31 December 2014. Disclosure Note: KNM’s Executive Director/Group CEO has a minor shareholding interest in MNEL. This announcement is dated 2 May 2014. | |
SAMUDRA - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | KEJURUTERAAN SAMUDRA TIMUR BERHAD |
| Stock Name | SAMUDRA |
| Date Announced | 2 May 2014 |
| Category | General Announcement |
| Reference No | CS-140428-63864 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | KEJURUTERAAN SAMUDRA TIMUR BERHAD ("KSTB" OR "THE COMPANY") ANNOUNCEMENT ON THE STATUS OF THE COMPANY’S REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 (“PN17”) OF THE BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) MAIN MARKET LISTING REQUIREMENTS (“MAINLR”) |
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Further to the announcement made by the Company on
KSTB has up to
This announcement is dated 2 May 2014.
DESTINI - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS
| Company Name | DESTINI BERHAD |
| Stock Name | DESTINI |
| Date Announced | 2 May 2014 |
| Category | General Announcement |
| Reference No | CC-140502-58758 |
| Type | Announcement | ||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS | ||||||||
| Description | DESTINI BERHAD ("DESTINI" or "THE COMPANY") - RECURRENT RELATED PARTY TRANSACTIONS OF REVENUE OR TRADING IN NATURE | ||||||||
1. INTRODUCTION Pursuant to Paragraph 10.09 (1) of the Main Market Listing requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Destini Berhad (“Destini” or the “Company”) wishes to announce that Samudra Oil Services Sdn Bhd (“Samudra Oil”), a wholly-owned subsidiary of the Company, has and will in ordinary course of business entered into the following Recurrent Related Parties Transactions (“RRPTs”) with Kejuruteraan Samudra Timur Berhad (“KSTB”).
Note : 1. KSTB is a major shareholders of the Company. The estimated aggregate amount per month of the RRPTs is expected to exceed the prescribed percentage ratio of 1% in respect of the RRPTs entered with KSTB. 2. RATIONALE FOR THE RRPTs The RRPTs are necessary for the day-to-day operations and within the ordinary course of business of the Destini Group. The RRPTs are made on arm’s length basis and on normal commercial terms which are not more favorable to the related parties than those generally available to the public. 3. FINANCIAL EFFECTS OF THE RRPTs The RRPTs will not have any effect on the share capital and substantial shareholders' shareholdings of the Company. In addition, the RRPTs is not expected to have a material effect on the earnings per share, net assets and gearing of the Group for the financial year ending 31 December 2014. 4. INTEREST OF DIRECTORS, AND MAJOR SHAREHOLDERS AND/ OR PERSONS CONNECTED Save as disclosed above, none of the directors and/ or the major shareholders of Destini and/ or persons connected with them have any interest, direct or indirect, in the RRPTs. 5. APPROVALS REQUIRED The RRPTs is not subject to the approval of the shareholders of the Company or other relevant authorities. 6. STATEMENT BY THE AUDIT COMMITTEE The Audit Committee having considered the rationale for the RRPTs and all aspects of the RRPTs, was of the view that the RRPTs is in the best interests of the Company, fair, reasonable and on normal commercial terms and not detrimental to the interests of the minority shareholders as the RRPTs was entered into in the ordinary course of business on normal commercial terms which are not more favourable to the related parties than those generally available to the public. 7. DIRECTORS’ STATEMENT The Directors of Destini, after taking into consideration of all aspect of the RRPTs, is of the opinion that the RRPTs are undertaken in the best interest of the Group and not detrimental to the interest of the minority shareholders of the Company. This announcement is dated 2 May 2014.
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EMETALL - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | EONMETALL GROUP BERHAD |
| Stock Name | EMETALL |
| Date Announced | 2 May 2014 |
| Category | General Announcement |
| Reference No | CC-140502-57823 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | Disposal by Eonmetall Agro Sdn. Bhd., a wholly-owned subsidiary of Eonmetall Group Berhad, of all that piece of land described provisionally as Lot No. 19 consisting of total area measuring approximately 688,248 sq ft for a total cash consideration of RM8,258,976 |
Kindly refer to the attachment marked <<EGB-A140502-DispPOIC-F.pdf>> for details of the announcement. | |
WZSATU - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | WZ SATU BERHAD |
| Stock Name | WZSATU |
| Date Announced | 2 May 2014 |
| Category | General Announcement |
| Reference No | CS-140502-52033 |
| Type | Announcement | ||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||
| Description | Pursuant to Chapter 14.06 and 14.09 of Bursa Malaysia's Main Market Listing Requirements, the following Director of WZ Satu Berhad (fka: WZ Steel Berhad)("WZSatu") had dealt in the application of Excess Rights Shares of WZSatu outside closed period, as set out in the table below. | ||||||||||||
Name Number of Excess Shares Application % of Excess Shares Applied* Tengku Dato’ Uzir Bin Tengku Dato’ Ubaidillah 650,000 1.18 Tan Chong Boon 500,000 0.91 | |||||||||||||
WZSATU - Changes in Director's Interest (S135) - Tengku Dato' Uzir Bin Tengku Dato' Ubaidillah
| Company Name | WZ SATU BERHAD |
| Stock Name | WZSATU |
| Date Announced | 2 May 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CS-140502-51534 |
Information Compiled By KLSE
Particulars of Director
| Name | Tengku Dato' Uzir Bin Tengku Dato' Ubaidillah |
| Address | No. 42 Jalan Medang Tanduk Bukit Bandaraya 59100 Kuala Lumpur |
| Descriptions(Class & nominal value) | Ordinary Share of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Others | 650,000 | 0.600 |
| Description of other type of transaction | Application of Excess Rights Shares pursuant to the Proposed Rights Issue |
| Circumstances by reason of which change has occurred | Application of Excess Rights Shares pursuant to the Proposed Rights Issue |
| Nature of interest | Direct Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 30,099,095 |
| Direct (%) | 27.36 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 02/05/2014 |
| Remarks : |
| 1. The notice was received by the Company on 2 May 2014. 2. Direct Interest: - Ordinary Shares- 30,099,095 - Entitlement of Rights Shares- 2,000,000 - Acceptance of Rights Shares- 15,049,547 - Application of Excess Rights Shares- 650,000 (further announcement will be made upon the outcome of the excess shares allotted) |
WZSATU - Changes in Director's Interest (S135) - Tan Chong Boon
| Company Name | WZ SATU BERHAD |
| Stock Name | WZSATU |
| Date Announced | 2 May 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CS-140502-50842 |
Information Compiled By KLSE
Particulars of Director
| Name | Tan Chong Boon |
| Address | 18 Jalan SR 1/8 Taman Serdang Jaya 43300 Seri Kembangan Selangor Darul Ehsan |
| Descriptions(Class & nominal value) | Ordinary Share of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Others | 500,000 | 0.600 |
| Description of other type of transaction | Application of Excess Rights Shares pursuant to the Proposed Rights Issue. |
| Circumstances by reason of which change has occurred | Application of Excess Rights Shares pursuant to the Proposed Rights Issue. |
| Nature of interest | Direct Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 5,056,980 |
| Direct (%) | 4.6 |
| Indirect/deemed interest (units) | 69,000 |
| Indirect/deemed interest (%) | 0.06 |
| Date of notice | 02/05/2014 |
| Remarks : |
| 1. The notice was received by the Company on 2 May 2014. 2. Direct Interest: - Ordinary Shares- 5,056,980 - Acceptance of Rights Shares- 528,490 - Application of Excess of Rights Shares-500,000 (further announcement will be made upon the outcome of the excess shares allotted) 3. Indirect Interest: - Orinary Shares- 69,000 |
DIALOG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | DIALOG GROUP BERHAD |
| Stock Name | DIALOG |
| Date Announced | 2 May 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | DG-140502-4DB02 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 28/04/2014 | 100,000 | |
| Disposed | 28/04/2014 | 100,000 |
| Remarks : |
| Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Acquired 100,000 shares) - 248,156,494 shares Employees Provident Fund Board - 1,500,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 1,385,054 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 7,118,600 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 9,346,167 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 11,665,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) - 14,837,820 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) (Disposed 100,000 shares) - 1,600,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - 660,400 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AMUNDI) - 7,000,000 shares Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (RHB INV) - 624,800 shares Total No. of shares -303,894,335 shares |
VINTAGE - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | VTI VINTAGE BERHAD |
| Stock Name | VINTAGE |
| Date Announced | 2 May 2014 |
| Category | General Announcement |
| Reference No | CC-140502-49FAC |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | VTI VINTAGE BERHAD (“VVB” or “the Company”) - Monthly Announcement on Status of Plan to Regularise Condition Pursuant to Practice Note No. 17 of the Main Market Listing Requirements (“PN17”) of Bursa Malaysia Securities Berhad |
Reference is made to the Company’s announcements dated 1 April 2014, 11 April 2014, 25 April 2014 and 28 April 2014 and Circular to Shareholders dated 29 April 2014. The Board of Directors of VTI Vintage Berhad (“VVB” or “the Company”) wishes to announce that the Company had on 29 April 2014 called for an extraordinary general meeting, which is to be held on Friday, 23 May 2014 to seek for the shareholders’ approval on the proposed regularisation plan of the Company. Further details on the above are set out in the announcement dated 28 April 2014 and Circular to Shareholders of the Company dated 29 April 2014. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course. This announcement is dated 2 May 2014.
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MAHSING - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 2 May 2014 |
| Category | General Announcement |
| Reference No | MS-140502-18C5A |
| Type | Announcement | |||||||||||||||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | |||||||||||||||||||||||||||||||||
| Description | Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Directors and Principal Officer have given their notices of dealings in the securities of Mah Sing Group Berhad as detailed hereunder: | |||||||||||||||||||||||||||||||||
Name Description of Securities Date of Transaction Type of Transaction Average Price per Share No. of Shares % of Issued Share Capital Dato’ Lim Kiu Hock(Director) Ordinary shares of RM0.50 each 28.04.2014 Disposal RM2.29 342,200 0.024 Leong Yuet Mei (Director) Ordinary shares of RM0.50 each 30.04.2014 Exercise of ESOS options RM1.24 39,686 0.003 30.04.2014 Exercise of ESOS options RM1.44 14,814 0.001 Tang Seng Mun (Principal Officer) Ordinary shares of RM0.50 each 30.04.2014 Exercise of ESOS options RM1.44 93,284 0.007 This announcement is dated 2 May 2014.
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