May 6, 2014

Company announcements: LIONFIB, LBICAP, SALCON, TEXCHEM, LEWEKO, CEPAT, LYSAGHT, SCIB, RCECAP

LIONFIB - Changes in Sub. S-hldr's Int. (29B) - STEELCORP SDN BHD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLION FOREST INDUSTRIES BERHAD  
Stock Name LIONFIB  
Date Announced6 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoLF-140506-090DE

Particulars of substantial Securities Holder

NameSTEELCORP SDN BHD
AddressLevel 14, Office Tower, No. 1 Jalan Nagasari (Off Jalan Raja Chulan), 50200 Kuala Lumpur
NRIC/Passport No/Company No.144527U
Nationality/Country of incorporationIncorporated in Malaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderAmsteel Equity Capital Sdn Bhd
Level 14, Office Tower
No. 1 Jalan Nagasari (Off Jalan Raja Chulan)
50200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed02/05/2014
33,005
 

Circumstances by reason of which change has occurredBy virtue of Section 6A(4)(c)
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change172,270,182
Date of notice06/05/2014


LBICAP - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameLBI CAPITAL BERHAD  
Stock Name LBICAP  
Date Announced6 May 2014  
CategoryGeneral Announcement
Reference NoOS-140506-58451

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionLBI CAPITAL BERHAD (“LBI” OR “COMPANY”)

PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF LBI (“PRIVATE PLACEMENT”)

We refer to the announcements dated 29 January, 11 and 18 April 2014 in relation to the Private Placement (“Announcements”).

On behalf of the Board of Directors of LBI (“Board”), TA Securities Holdings Berhad wishes to announce that the Board has fixed the issue price for the first tranche of the Private Placement comprising 2,500,000 new ordinary shares of RM1.00 each in LBI (“LBI Shares”) (“Placement Share(s) Share(s)”), representing approximately 3.76% of the issued and paid-up capital of LBI (excluding treasury
shares) at an issue price of RM1.30 per Placement Share.

The said issue price for the Placement Shares represents a discount of approximately 8.85% over the five (5)-day volume weighted average market price of LBI Shares from 28 April 2014 up to 5 May 2014 of RM1.4262.

This announcement is dated 6 May 2014.

 



SALCON - Changes in Sub. S-hldr's Int. (29B) - Oversea-Chinese Banking Corporation Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSALCON BERHAD  
Stock Name SALCON  
Date Announced6 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140506-BCC8A

Particulars of substantial Securities Holder

NameOversea-Chinese Banking Corporation Limited
Address65 Chulia Street #06-00
OCBC Centre
Singapore 049513
NRIC/Passport No/Company No.193200032W
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1. AmTrustee Bhd
22nd Floor, Bangunan AmBank Group
No. 55, Jalan Raja Chulan
50200 Kuala Lumpur

2. CIMB Islamic Trustee Berhad
17th Floor, Menara CIMB
Jalan Stesen Sentral 2
Kuala Lumpur Sentral,
50470 Kuala Lumpur

3. HSBC (Malaysia) Trustee Bhd
13th Floor, Bangunan HSBC, South Tower
No. 2, Leboh Ampang
50100 Kuala Lumpur

4. Universal Trustee (Malaysia) Bhd
1 Jalan Ampang, 3rd Floor,
50450 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired30/04/2014
526,000
 
Acquired02/05/2014
246,500
 

Circumstances by reason of which change has occurredAcquisition of Shares
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change37,710,800
Date of notice06/05/2014

Remarks :
Deemed Interest pursuant to Section 6A(4)(C) of the Companies Act, 1965 via its subsidiaries i.e. Great Eastern Life Assurance (Malaysia) Bhd; Overseas Assurance (Malaysia) Bhd; Great Eastern Takaful Bhd; and Pacific Mutual Fund Bhd.


TEXCHEM - OTHERS TEXCHEM RESOURCES BHD. (“TRB”) FURTHER ANNOUNCEMENT ON THE PROPOSED ACQUISITION OF 40 WARRANTS AND 1,208,630 ORDINARY SHARES OF RM1.00 EACH IN TEXCHEM CORPORATION SDN. BHD. (“TEXCORP”) BY TRB FROM TEXCHEM HOLDINGS SDN. BHD. AT THE PURCHASE CONSIDERATION OF RM1,000,000.00 AND RM2,018,412.10 (AT RM1.67 PER SHARE) RESPECTIVELY (“HEREINAFTER REFERRED TO AS “PROPOSED ACQUISITION”)

Announcement Type: General Announcement
Company NameTEXCHEM RESOURCES BERHAD  
Stock Name TEXCHEM  
Date Announced6 May 2014  
CategoryGeneral Announcement
Reference NoTR-140506-60552

TypeAnnouncement
SubjectOTHERS
DescriptionTEXCHEM RESOURCES BHD. (“TRB”)

FURTHER ANNOUNCEMENT ON THE PROPOSED ACQUISITION OF 40 WARRANTS AND 1,208,630 ORDINARY SHARES OF RM1.00 EACH IN TEXCHEM CORPORATION SDN. BHD. (“TEXCORP”) BY TRB FROM TEXCHEM HOLDINGS SDN. BHD. AT THE PURCHASE CONSIDERATION OF RM1,000,000.00 AND RM2,018,412.10 (AT RM1.67 PER SHARE) RESPECTIVELY (“HEREINAFTER REFERRED TO AS “PROPOSED ACQUISITION”)

We refer to TRB’s announcements made on 9 May 2013, 13 May 2013 and 17 May 2013 in relation to the Proposed Acquisition.

On 17 May 2013, Texcorp became a subsidiary of TRB. Texcorp currently holds 26,153,109 ordinary shares of RM1.00 each in TRB, representing 21.07% of the total issued and paid-up share capital in TRB (“TRB Shares”). As announced in our earlier announcement dated 9 May 2013, under Section 17 of the Companies Act, 1965 (“Act”), Texcorp is required to dispose of the TRB Shares within twelve (12) months or such longer period as the High Court of Malaya may allow after Texcorp becomes a subsidiary of TRB.

Pursuant thereto, the Board of Directors of TRB wishes to announce that on even date, Texcorp has been granted an Order by the Penang High Court for an extension of time of twelve (12) months from 17 May 2014 to dispose of the TRB Shares in order to comply with the requirement of Section 17 of the Act, namely the new deadline for Texcorp to dispose of the TRB Shares is 16 May 2015. Pending disposal of the TRB Shares, Texcorp shall have no rights to vote at meetings of TRB or any class of TRB’s members.

This announcement is dated 6 May 2014.



LEWEKO - Change in Audit Committee (Amended Announcement)

Announcement Type: Change in Audit Committee
Company NameLEWEKO RESOURCES BERHAD  
Stock Name LEWEKO  
Date Announced6 May 2014  
CategoryChange in Audit Committee
Reference NoLR-140505-C88E6

Date of change02/05/2014
NameDato' Haji Roshidi Bin Haji Hashim
Age59
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsBachelor's Degree in Science Politic, Universiti Sains Malaysia (1993) 
Working experience and occupation Dato’ Haji Roshidi bin Haji Hashim was the Eighth Mayor of Ipoh City from July 23, 2008 until his retirement on January 2, 2014. He started his career as a clerical officer in the office of the Penang State Government. Later he was appointed as the Assistant Investigation Officer in the Anti-Corruption Agency of Malaysia in 1978 and subsequently be appointed as Assistant Secretary of the Government Procurement Management Division at Ministry of Finance in 1995. He was appointed as Assistant Director of the Economic Planning Unit in the Perak State Secretary Office since 1996 until 2000. In 2000 until 2008, he has held various positions such as Special Officer to the Chief Minister of Perak, Special Secretary to the Chief Minister of Perak and Secretary of Ipoh City Council before he became the Eighth Mayor of Ipoh on July 23, 2008.  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)1. Dato' Seri Haji Mohamed Pakri @ Mohamed Nazri bin Haji Abdul Rahim (Chairman - Independent Non-Executive Chairman)
2. Tuan Haji Othman bin Haji Sulaiman (Independent Non-Executive Director)
3. Seou Lim Khoon (Independent Non-Executive Director)
4. Dato' Haji Roshidi Bin Haji Hashim (Independent Non-Executive Director)

Remarks :
Please note that the Composition of Audit Committee (Name and Directorate of members after change) shall read as above instead of Nil as stated in the previous announcement.

This announcement is dated 6 May 2014.


CEPAT - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Announcement Type: General Announcement
Company NameCEPATWAWASAN GROUP BERHAD  
Stock Name CEPAT  
Date Announced6 May 2014  
CategoryGeneral Announcement
Reference NoCA-140506-80BCE

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionListed Company's Crop April 2014

The Board of Directors of Cepatwawasan Group Berhad wishes to inform that the production figures of the Group for April 2014 are as follows:

Fresh Fruit Bunch - 12,407.440 Metric Tonnes

Crude Palm Oil - 6,306.436 Metric Tonnes

Palm Kernel - 1,536.737 Metric Tonnes



LYSAGHT - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameLYSAGHT GALVANIZED STEEL BERHAD  
Stock Name LYSAGHT  
Date Announced6 May 2014  
CategoryChange in Audit Committee
Reference NoCC-140505-6DA78

Date of change06/05/2014
NameYUSUF BIN JAMIL
Age49
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateNon Independent & Non Executive
QualificationsHe has a Bachelor of Engineering (Mechanical) Honours degree from University of Bristol, England. He is a Corporate Member of the Institute of Engineers, Malaysia. 
Working experience and occupation He was an Assistant Manager in the Engineering Department of Perusahaan Otomobil Nasional Berhad till 1989 and thereafter he was a consultant in the Management Consulting Services Division of Price Waterhouse Malaysia till 1994.  
Directorship of public companies (if any)Perusahaan Sadur Timah Malaysia (Perstima)Berhad 
Family relationship with any director and/or major shareholder of the listed issuerHe is the nephew of Encik Mohd. Riani bin Osman, who acts as his alternate director in the Company.  
Any conflict of interests that he/she has with the listed issuerNIL 
Details of any interest in the securities of the listed issuer or its subsidiaries23,097,900 ordinary sharee (55.55%)-Deemed interest through Bina Securities & Management Sdn Bhd and Lysaght (Malaysia) Sdn Bhd  
Composition of Audit Committee (Name and Directorate of members after change)(i)GABRIEL GOH KHEE CHYE(Independent Non-Executive Director)- Chairman
(ii)TAN SRI DATO’ IR. (DR.) WAN ABDUL RAHMAN
BIN HAJI WAN YAACOB (Independent Non-Executive Director)-member
(iii) YUSUF BIN JAMIL(Non-Independent Non-Executive Director)-member


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

Announcement Type: Financial Results
Company NameLYSAGHT GALVANIZED STEEL BERHAD  
Stock Name LYSAGHT  
Date Announced6 May 2014  
CategoryFinancial Results
Reference NoCC-140506-434F8

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
15,076
22,425
15,076
22,425
2Profit/(loss) before tax
3,962
6,118
3,962
6,118
3Profit/(loss) for the period
3,063
4,594
3,063
4,594
4Profit/(loss) attributable to ordinary equity holders of the parent
3,063
4,594
3,063
4,594
5Basic earnings/(loss) per share (Subunit)
7.37
11.05
7.37
11.05
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 ($$)
2.8200
2.7500
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


SCIB - SARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" or the "Company") Announcement on Related Party Transaction with Zecon Land Sdn. Bhd. - Sale and Purchase Agreement

Announcement Type: General Announcement
Company NameSARAWAK CONSOLIDATED INDUSTRIES BERHAD  
Stock Name SCIB  
Date Announced6 May 2014  
CategoryGeneral Announcement
Reference NoCC-140506-38902

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-140502-56493
SubjectSARAWAK CONSOLIDATED INDUSTRIES BERHAD ("SCIB" or the "Company")
Announcement on Related Party Transaction with Zecon Land Sdn. Bhd. - Sale and Purchase Agreement
DescriptionRelated Party Transaction with Zecon Land Sdn. Bhd. - Sale and Purchase Agreement
Query Letter Contents We refer to your Company's announcement dated 29 April 2014 in respect of the
above matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
To state the listed price of the Shophouse as well as to provide the basis and
justification for the Purchase Price.
To state the terms of tenure for the Land on which the Shophouse is built.
To state the expected completion date of the development project (Vista Tunku -
Phase One) and delivery of the Shophouse to SCM.
To also comment on the prospects of the Shophouse.
To state the intended use of the Shophouse upon completion of the acquisition.
If proposed to be let out, details of rental and expected rental income per
month/annum.
To clarify the total amount due and owing by Zecon Group to SCM and whether
there is any outstanding amount due by Zecon Group to SCM after completion of
the Proposed Acquisition of the Shophouse.
To state the Termination/Refund clause in event of default or termination by
any parties.

Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully


SUZALINA HARUN
Vice President, Issuers
Listing Division
Regulation
WCY/NM/NSA
copy to:- General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax)

Further to the announcement made on 29 April 2014 in relation to the related party transaction with Zecon Land Sdn. Bhd., Sarawak Consolidated Industries Berhad (“SCIB”) would like to announce the following additional information:

 

1.

Listed price of the Shophouse and the basis and justification for the Purchase Price

 

 

 

The listed price of the Shophouse is RM1,697,246. The Purchase Price of RM1,600,000 was determined on a “willing buyer willing seller” basis after taking into consideration the 6% discount from the listed price.

 

 

2.

Terms of tenure for the Land on which the Shophouse is built

 

 

 

The Land on which the Shophouse is built is a 99 years leasehold land expiring in February 2098 and the lease of the Land can be further extended before expiry, subject to payment of land premium.

 

 

3.

Expected completion date of the Development Project (Vista Tunku – Phase One) and delivery of the Shophouse to SCM

 

 

 

Barring unforeseen circumstances, the Development Project is expected to be completed by December 2018 and the Occupation Permit for the Shophouse is expected to be issued by December 2014. The Shophouse is expected to be delivered to SCM by December 2014.

 

 

4.

Prospects of the Shophouse

 

 

 

The Shophouse is located at Vista Tunku, a 100 acres mixed development project in Petra Jaya, Kuching, Sarawak. Petra Jaya is under the administrative jurisdiction of Dewan Bandaraya Kuching Utara and is known as the Administrative Centre of the Sarawak Government. There are prominent building and attraction close to proximity such as the Astana, Sarawak State Museum, High Court of Borneo, Sarawak State Legislative Assembly Building, Wisma Bapa Malaysia, Pustaka Negeri Sarawak and other Government offices. Within the Vista Tunku, Mydin Wholesale Hypermarket, expected to be completed by May 2015 is expected to attract and boost businesses in that area. Besides, there are 2,000 units of apartments to be built under the PR1MA – Skim Perumahan Rakyat 1 Malaysia within Vista Tunku to accommodate the increasing population due to migration and new families.

 

 

5.

Intended use of the Shophouse upon completion of the Acquisition

 

 

 

The Shophouse is available for sale and avenue for sale include advertisement and participation in the Sarawak Builder’s Expo known as SARBEX TOTAL LIVING 2014 to be held in the Borneo Convention Centre Kuching in August 2014.

 

 

6.

Total amount due and owing by Zecon Group to SCM and whether there is any outstanding amount due by Zecon Group to SCM after completion of the Acquisition

 

 

 

Total outstanding debts as at 31 December 2013 due and owing by Zecon Group to SCM was RM6,033,341. Total new sales from 1 January 2014 to 29 April 2014 was amounted to RM1,580,053 and total payment received and deposit utilized from 1 January 2014 to 29 April 2014 was amounted to RM1,248,040.

 

 

 

After completion of the Acquisition, the total outstanding debts is RM4,765,354.

 

 

7.

Termination/Refund clause in the event of default or termination by any parties

 

 

 

The computation of the period for the completion of construction shall not include lay-off periods or periods of non-construction as a result of any or all of the causes set out hereunder:-

 

 

 

a) 

severe inclement weather;

 

 

b) 

shortage of building materials;

 

 

c) 

acts of God;

 

 

d) 

civil commotion;

 

 

e) 

curfew;

 

 

f) 

declaration of emergencies by the Government;

 

 

g) 

strikes and lock-outs;

 

 

h) 

war;

 

 

i) 

any order issued by Relevant Authorities ; or

 

 

j) 

delay of payment of the Purchase Price as referred to in Clause 2.2 hereof.

 

 

 

 

Subject to the above, if the said Shophouse remains incomplete after the specified period of thirty six (36) months, Zecon Land shall pay to SCM a sum of Ringgit Malaysia Five Hundred (RM500.00) only per month as agreed pre-estimated liquidated damages for each month that the said Shophouse shall remain incomplete.

 

 

This announcement is dated 6 May 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 Announced6 May 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140506-35EAC

Date of buy back06/05/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)120,000
Minimum price paid for each share purchased ($$)0.305
Maximum price paid for each share purchased ($$)0.305
Total consideration paid ($$)36,867.58
Number of shares purchased retained in treasury (units)120,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)29,557,000
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 (%)2.58


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