May 12, 2014

Company announcements: TIENWAH, MAGNA, HWATAI, LBICAP, MKLAND, BONIA, HARVEST

TIENWAH - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameTIEN WAH PRESS HOLDINGS BERHAD  
Stock Name TIENWAH  
Date Announced12 May 2014  
CategoryChange Of Company Secretary
Reference NoCC-140505-37812

Date of change12/05/2014
Type of changeAppointment
DesignationJoint Secretary
License no.MAICSA 7019418
NameChoong Lee Wah
Working experience and occupation during past 5 yearsMs Choong Lee Wah started her career in 1995. She has extensive experiences in corporate secretarial practices of public listed companies and private limited companies in various industries.


TIENWAH - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameTIEN WAH PRESS HOLDINGS BERHAD  
Stock Name TIENWAH  
Date Announced12 May 2014  
CategoryChange Of Company Secretary
Reference NoCC-140505-37596

Date of change12/05/2014
Type of changeResignation
DesignationJoint Secretary
License no.LS 0009707
NamePeng Siew Hwee
Working experience and occupation during past 5 years


MAGNA - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameMAGNA PRIMA BERHAD  
Stock Name MAGNA  
Date Announced12 May 2014  
CategoryGeneral Announcement
Reference NoMP-140512-62594

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionMAGNA PRIMA BERHAD ("MPB")
In the Matter of Arbitration Act, 2005 between
Bina BMK Sdn Bhd - Claimant
1. Magna Prima Construction Sdn Bhd -1st Respondent
2. Perembun (M) Sdn Bhd - 2nd Respondent

The Final Award save as to costs was made and published on 21st April 2014 and our solicitor informed us on 9th May 2014 evening which was handed to the Company Secretary to make announcement on 12th May 2014.

Perembun (M) Sdn Bhd was initially awarded a project known as “Cadangan Pembangunan Bercampur yang mengandungi 56 units kedai/pejabat, 567 unit tempat letak kereta dan 397 unit apartment di atas Lot 4086 dan sebahagian lot-lot (Fasa 3B(i)) di Jalan Kepong Mukim Batu, Kuala Lumpur (“the Project”) for a lump sum of RM56,361,730.40 by way of letter of award dated 25.09.2004 by Magna Park Sdn Bhd (‘the Main Contract”)

Magna Prima Construction Sdn Bhd a wholly owned subsidiary of Magna Prima Berhad and Perembun (M) Sdn Bhd entered into a Joint Venture Agreement dated 26.10.2004 (“the Joint Venture Agreement”)and set up an unincorporated company known as “MPC-Perembun JV” as the main contractors to carry out the works under the said Main Contract.

By a letter of award dated 30.10.2004, Magna Prima Construction Sdn Bhd and Perembun (M) Sdn Bhd awarded Bina BMK Sdn Bhd the sub-contract works (“the Sub-Contract Works”) of the Project for a lump sum of RM54,861,730.40 (“the Sub-Contract”)

Dispute arose between Magna Prima Construction Sdn Bhd and Perembun (M) Sdn Bhd and Bina BMK Sdn Bhd in respect of the Sub-Contract Works. The dispute between the parties were referred to a single Arbitrator.

The Arbitrator delivered his award that Magna Prima Construction Sdn Bhd ( “1st Respondent”) and Perembun (M) Sdn Bhd (“2nd Respondent”) shall pay Bina BMK Sdn Bhd (“Claimant”), within thirty (30) days upon the day which either party shall have taken up the final award save as to costs, the sum of Ringgit Malaysia Twenty One Million Eight Hundred Nineteen Thousand Three Hundred Fifty and sen Forty One only (RM21,819,350.41)

In the event the 1st /2nd Respondent have not paid and settled the payment amount of RM21,819,350.41 at the expiry of 30 days from the date the parties take or either of the parties takes up the Final Award save as to costs, interest at simple interest rate at eight percent (8%) per annum will be charged and will continue to accrue until the date of actual realization of the full payment by the 1st and/or 2nd Respondent.

We have instructed our Solicitor to file the necessary proceedings in the High Court in respect of the decision of the Learned Arbitrator.


This announcement is dated 12 May 2014



HWATAI - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameHWA TAI INDUSTRIES BERHAD  
Stock Name HWATAI  
Date Announced12 May 2014  
CategoryGeneral Announcement
Reference NoMM-140512-55727

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

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

On behalf of the Board of Directors of Hwa Tai, Public Investment Bank Berhad wishes to announce that the Company had on 12 May 2014, submitted the application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for the listing of and quotation for up to 60,063,600 Rights Shares on the Main Market of Bursa Securities.

This announcement is dated 12 May 2014.



LBICAP - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameLBI CAPITAL BERHAD  
Stock Name LBICAP  
Date Announced12 May 2014  
CategoryGeneral Announcement
Reference NoOS-140512-57891

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionLBI CAPITAL BERHAD (“LBI” OR “COMPANY”)

(I) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF LBI FROM RM100,000,000 COMPRISING 100,000,000 ORDINARY SHARES OF RM1.00 EACH TO RM500,000,000 COMPRISING 500,000,000 ORDINARY SHARES OF RM1.00 EACH (“PROPOSED IASC”); AND

(II) PROPOSED AMENDMENTS TO THE MEMORANDUM OF ASSOCIATION OF THE COMPANY (“PROPOSED AMENDMENTS”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

On behalf of the Board of Directors of LBI (“Board”), TA Securities Holdings Berhad (“TA Securities”) is pleased to announce that the Company wishes to undertake the following:-

 

(a) proposed increase in the authorised share capital of the Company from RM100,000,000 comprising 100,000,000 ordinary shares of RM1.00 each to RM500,000,000 comprising 500,000,000 ordinary shares of RM1.00 each (“Proposed IASC”); and

 

(b) proposed amendments to the Memorandum of Association of the Company to facilitate the Proposed IASC (“Proposed Amendments”).

 

The full text of the announcement pertaining to the Proposals is attached herein.

 

This announcement is dated 12 May 2014.


MKLAND - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameMK LAND HOLDINGS BERHAD  
Stock Name MKLAND  
Date Announced12 May 2014  
CategoryGeneral Announcement
Reference NoCK-140512-79595

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionPursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Director has dealing in the securities of MK Land Holdings Berhad as set out in table 1 hereunder.

The Company received the notification of the dealing transaction by Kasi A/L K L Palaniappan on 12 May 2014.

This announcement is dated 12 May 2014.

Table 1

Name of Director

Nature of Direct Interest Disposed onPrice per Share (RM)Number of Ordinary Shares of RM1.00 each% of Issued Shares
Kasi A/L K L Palaniappan09.05.20140.49151,376,5000.11%



MKLAND - Changes in Sub. S-hldr's Int. (29B) - KASI A/L K L PALANIAPPAN

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMK LAND HOLDINGS BERHAD  
Stock Name MKLAND  
Date Announced12 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140512-7959F

Particulars of substantial Securities Holder

NameKASI A/L K L PALANIAPPAN
AddressLevel 2, No. 1, Jalan 48/70A
Desa Sri Hartamas
50480 Kuala Lumpur
NRIC/Passport No/Company No.581025-10-6855
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderKasi A/L K L Palaniappan
Level 2, No. 1, Jalan 48/70A
Desa Sri Hartamas
50480 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed09/05/2014
1,376,500
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect interest
Direct (units)219,874,615 
Direct (%)18.25 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change219,874,615
Date of notice12/05/2014


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

Announcement Type: General Announcement
Company NameBONIA CORPORATION BERHAD  
Stock Name BONIA  
Date Announced12 May 2014  
CategoryGeneral Announcement
Reference NoBC-140512-43822

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionBonia Corporation Berhad (“Bonia” or “Company”)
Execution of New Shareholders Agreement with the Investors of Paris RCG Sdn Bhd (direct subsidiary company)

Following to the Company’s announcement dated 30 April 2014, the Board of Directors of Bonia wishes to announce that PRCG had received 11 sets of transfer instruments [Form of Transfer of Securities (Form 32A)] from the Minority Shareholders in respect of the disposal of their collective shareholdings of 42% in PRCG for registration (“Disposal of shares by Minority Shareholders”).

Please refer to the attachment for details of the announcement.



HARVEST - Notice of Interest Sub. S-hldr (29A) - DATUK CHAI WOON CHET (Amended Announcement)

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced12 May 2014  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCC-140512-93C56

Particulars of Substantial Securities Holder

NameDATUK CHAI WOON CHET
AddressLOT 116, JALAN TIMAH 3
MINES RESORT CITY
43300 SERI KEMBANGAN SELANGOR DARUL EHSAN
NRIC/Passport No/Company No.781224-06-5263
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.25 each
Name & address of registered holderZENITH CITY INVESTMENTS LIMITED
OFFSHORE INCORPORATIONS CENTRE
VICTORIA MAHE
REPUBLIC OF SEYCHELLES

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired07/05/2014
No of securities11,239,500
Circumstances by reason of which Securities Holder has interestOpen market purchases
Nature of interestIndirect
Price Transacted ($$)

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)20,339,500 
Indirect/deemed interest (%)7.66 
Date of notice09/05/2014


HARVEST - Changes in Sub. S-hldr's Int. (29B) - DATUK CHAI WOON CHET

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced12 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140512-9EBBA

Particulars of substantial Securities Holder

NameDATUK CHAI WOON CHET
AddressLOT 116, JALAN TIMAH 3
MINES RESORT CITY
43300 SERI KEMBANGAN SELANGOR DARUL EHSAN
NRIC/Passport No/Company No.781224-06-5263
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.25 each
Name & address of registered holderZENITH CITY INVESTMENTS LIMITED
OFFSHORE INCORPORATIONS CENTRE
VICTORIA MAHE
REPUBLIC OF SEYCHELLES

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired08/05/2014
6,460,500
 

Circumstances by reason of which change has occurredOpen market purchases
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)26,800,000 
Indirect/deemed interest (%)10.1 
Total no of securities after change26,800,000
Date of notice09/05/2014


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