June 2, 2014

Company announcements: AEON, ASUPREM, SMPC, OCTAGON, TOPGLOV, JOHOTIN, FURNWEB

AEON - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):COMBINATION OF NEW ISSUE OF SECURITIES

Announcement Type: General Announcement
Company NameAEON CO. (M) BHD  
Stock Name AEON  
Date Announced2 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140602-65679

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
DescriptionAEON CO. (M) BHD. (“AEON”)

(I) BONUS ISSUE OF 351,000,000 NEW ORDINARY SHARES OF RM1.00 EACH IN AEON (“AEON SHARES”) (“BONUS SHARES”) CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY ONE (1) EXISTING AEON SHARE HELD (“BONUS ISSUE”);

(II) SHARE SPLIT INVOLVING THE SUBDIVISION OF ONE (1) AEON SHARE HELD AFTER THE BONUS ISSUE INTO TWO (2) ORDINARY SHARES OF RM0.50 EACH IN AEON (“SUBDIVIDED SHARES”) (“SHARE SPLIT”); AND

(III) AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF AEON TO FACILITATE THE BONUS ISSUE AND SHARE SPLIT.

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

We refer to the announcements dated 27 February 2014, 27 March 2014, 15 April 2014, 22 April 2014, 23 April 2014, 15 May 2014, 16 May 2014 and 30 May 2014 in relation to the Proposals.

On behalf of the Board of Directors of AEON, Maybank Investment Bank Berhad wishes to announce that the Proposals have been completed following the listing of and quotation for the Bonus Shares and Subdivided Shares on the Main Market of Bursa Malaysia Securities Berhad on 2 June 2014.

This Announcement is dated 2 June 2014.


ASUPREM - OTHERS Deviation between Unaudited Results and Audited Financial Statements for the financial year ended 31 December 2013

Announcement Type: General Announcement
Company NameASTRAL SUPREME BERHAD  
Stock Name ASUPREM  
Date Announced2 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140521-59862

TypeAnnouncement
SubjectOTHERS
DescriptionDeviation between Unaudited Results and Audited Financial Statements for the financial year ended 31 December 2013

1. INTRODUCTION

The Board of Directors of Astral Supreme Berhad ('ASupreme' or 'the Company') wishes to announce that the Company has on 28 February 2014, submitted its unaudited 4th quarter results to Bursa Malaysia Securities Berhad ('Bursa Securities').

2. DEVIATION BETWEEN UNAUDITED RESULTS AND THE AUDITED RESULTS

In compliance with Paragraph 9.19(35) of the Main Market Listing Requirements of Bursa Securities, the Board wishes to inform that there is a deviation of about 154% between the Group's loss after tax and minority interest as stated in the unaudited 4th quarter results ended 31 December 2013 ('QR for 4Q 2013') announced on 28 February 2014 and Audited Financial Statements for the financial year ended 31 December 2013 ('AFS 2013'). The deviation is reconciled and explained as below:-


AFS 2013 ("RM'000")

QR 4Q 2013 announced on 28 February 2014 ("RM'000")
Variance ("RM'000")
(Loss)/Profit after tax and minority interest for the year
(10,081)
(25,584)
(15,503)

The major causes of the variances between the announced unaudited results and the audited results are due to the adjustments made on the exceptional items of possible irregularities pursuant to the Investigative Audit conducted by PKF Advisory Sdn Bhd, adjustments and reclassification of cost of sales and others items by External Auditor as follows:-

Items

RM'000

Adjustment to reversal of sales

4,822

Impairment of amount owing by associate company

9,488

Impairment of deposits

453

Reversal of impairment in trade receivables

(1,650)

Impaired of trade receivables

1,056

Impairment in advance to creditors

1,427

Selling marketing

(93)


-----------

Total

15,503


=======

This announcement is dated 2 June 2014.


SMPC - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameSMPC CORPORATION BHD  
Stock Name SMPC  
Date Announced2 Jun 2014  
CategoryChange in Audit Committee
Reference NoCC-140602-59712

Date of change02/06/2014
NameYap Chi Keong
Age62
NationalityMalaysian
Type of changeResignation
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsChartered Accountant of Malaysian Institute of Accountants and an Associate Member of The Chartered Institute of Management Accountants.  
Working experience and occupation He started his career as a management accountant with The News Group, United Kingdom. He later moved into industries where he held several senior accounting positions in public listed companies in Malaysia. He is currently in private practice as a management consultant specializing in corporate restructuring. He has several years experience in construction and property development.  
Directorship of public companies (if any)1)Astral Supreme Berhad
2)Grand Hoover Berhad  
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' Dennis Chuah (Independent Non-Executive Director)- Chairman of Audit Committee
2) Sudesh a/l K.V. Sankaran (Independent Non-Executive Director)- Member

Remarks :
This announcement is dated 2 June 2014.

SMPC - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameSMPC CORPORATION BHD  
Stock Name SMPC  
Date Announced2 Jun 2014  
CategoryChange in Boardroom
Reference NoCC-140602-58613

Date of change02/06/2014
NameYap Chi Keong
Age62
NationalityMalaysian
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Type of changeResignation
ReasonDue to his recent additional work commitment
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsChartered Accountant of Malaysian Institute of Accountants and an Associate Member of The Chartered Institute of Management Accountants.  
Working experience and occupation He started his career as a management accountant with The News Group, United Kingdom. He later moved into industries where he held several senior accounting positions in public listed companies in Malaysia. He is currently in private practice as a management consultant specializing in corporate restructuring. He has several years experience in construction and property development.  
Directorship of public companies (if any)1)Astral Supreme Berhad

2)Grand Hoover Berhad  
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 

Remarks :
This announcement is dated 2 June 2014.

OCTAGON - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameOCTAGON CONSOLIDATED BERHAD  
Stock Name OCTAGON  
Date Announced2 Jun 2014  
CategoryGeneral Announcement
Reference NoOC-140602-64942

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionMONTHLY ANNOUNCEMENT ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE 1 (“PN 1”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")


Reference is made to the monthly announcement dated 5 May 2014.

The Board of Directors of Octagon wishes to inform that the Company is in the midst of preparing the Regularisation Plan for submission to the appropriate authorities for approval and will announce further developments on the above matter as and when necessary.

This announcement is dated 2 June 2014.


TOPGLOV - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced2 Jun 2014  
CategoryGeneral Announcement
Reference NoTG-140602-81110

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionTop Glove Corporation Bhd ("Top Glove") or "the Company")~ Withdrawal of the Alleged Infringement of Patent MY-140770-A

Further to the previous announcements made on 29 October 2013 pertaining to the Civil Suit No. 22IP-3-01/2013.


The parties to Civil Suit No 22IP-3-01/2013 have amicably resolved the matter wherein the Plaintiffs have withdrawn their claim and the Defendants have withdrawn their respective counterclaims with no order as to costs.


This announcement is dated 2 June 2014.


JOHOTIN - Annual Report 2013

Announcement Type: Document Receipt
Company NameJOHORE TIN BERHAD  
Stock Name JOHOTIN  
Date Announced2 Jun 2014  
CategoryDocument Receipt
Reference NoRM-140602-61909

Annual Report for Financial Year Ended31/12/2013
SubjectAnnual Report 2013

Attachments

JOHOTIN-AnnualReport2013.pdf
2171 KB





FURNWEB - Rights Issue

Announcement Type: Entitlements (Notice of Book Closure)
Company NameFURNIWEB INDUSTRIAL PRODUCTS BERHAD  
Stock Name FURNWEB  
Date Announced2 Jun 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoMI-140602-62818

EX-date12/06/2014
Entitlement date16/06/2014
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRenounceable rights issue of up to 54,445,440 new ordinary shares of RM0.50 each in Furniweb Industrial Products Berhad (“FIPB”) (“FIPB Shares”) (“Rights Shares”) at an issue price of RM0.55 per Rights Share, on the basis of three (3) Rights Shares for every five (5) existing FIPB Shares held as at 5.00 p.m. on [16 June] 2014 together with up to 54,445,440 free detachable new warrants in FIPB (“Warrants”) on the basis of one (1) Warrant for every one (1) Rights Share subscribed for (“Rights Issue with Warrants”)
Period of interest payment to
Financial Year End
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noBina Management (M) Sdn Bhd
Lot 10 The Highway Centre
Jalan 51/205
46050 Petaling Jaya
Selangor Darul Ehsan

Tel: 03-7784 3922
Fax: 03-7784 1988
Payment date 01/06/2000
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers16/06/2014 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)54445440 
Entitlement indicatorRatio
Ratio 3 : 5
Rights Issues/Offer Price 0.55

Remarks :
The abridged prospectus, together with the notice of provisional allotment and rights subscription form (Collectively as the “Documents”) relating to the Rights Issue with Warrants will only be despatched to the shareholders of FIPB who have a registered address in Malaysia and whose name appears in FIPB’s Record of Depositors at 5.00 p.m. on the Entitlement Date (“Entitled Shareholders”). The Documents will not be despatched to Entitled Shareholders who have not provided the share registrar of FIPB, Bina Management (M) Sdn Bhd, a registered address in Malaysia in writing by 5.00 p.m. on the Entitlement Date. The Entitled Shareholders who are without a registered address in Malaysia and wish to provide a Malaysian address, should inform their respective stockbrokers to effect the change of address prior to 5.00 p.m. on the Entitlement Date.
The Documents are not intended to be (and will not be) issued, circulated or distributed in countries or jurisdictions other than Malaysia. No action has been or will be taken to ensure that the Rights Issue with Warrants and the Documents comply with the laws of any country or jurisdiction other than Malaysia.

This announcement is dated 2 June 2014.

FURNWEB - Important Relevant Dates for Renounceable Rights

Announcement Type: Important Relevant Dates for Renounceable Rights
Company NameFURNIWEB INDUSTRIAL PRODUCTS BERHAD  
Stock Name FURNWEB  
Date Announced2 Jun 2014  
CategoryImportant Relevant Dates for Renounceable Rights
Reference NoMI-140602-64211

Title / Description
Despatch Date18/06/2014
Date for commencement of trading of the rights17/06/2014
Date for despatch of abridged prospectus and subscription forms18/06/2014
Date for cessation of trading of the rights24/06/2014
Date for announcement of final subscription result and basis of allotment of excess Rights Securities04/07/2014
Listing date of the Rights Securities11/07/2014

Last date and time forDateTime
Sale of provisional allotment of rights23/06/2014
at
05:00:00 PM
Transfer of provisional allotment of rights26/06/2014
at
04:00:00 PM
Acceptance and payment01/07/2014
at
05:00:00 PM
Excess share application and payment01/07/2014
at
05:00:00 PM

Rights Securities will be listed and quoted as the existing securities of the same class:
Yes 
Other important dates as the listed issuer may deem appropriate:
N/A 

Remarks :
The last date and time for acceptance and payment of the Rights Issue with Warrants as well as the last date and time for excess Rights Shares with Warrants application and payment are as above or such later date and time as the Board of Directors of FIPB and Kenanga Investment Bank Berhad may in their absolute discretion decide and announce not less than two (2) market days before the closing date.

This announcement is dated 2 June 2014.

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

Announcement Type: General Announcement
Company NameFURNIWEB INDUSTRIAL PRODUCTS BERHAD  
Stock Name FURNWEB  
Date Announced2 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140602-62664

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionFURNIWEB INDUSTRIAL PRODUCTS BERHAD (“FIPB” OR THE “COMPANY”)

(I) PROPOSED JOINT VENTURE WITH ALMAHARTA SDN BHD (“ASB”) IN CONNECTION WITH THE DEVELOPMENT OF A PARCEL OF LEASEHOLD LAND HELD UNDER PN 45266, LOT 141, SECTION 88, TOWN AND DISTRICT OF KUALA LUMPUR AND STATE OF WILAYAH PERSEKUTUAN KUALA LUMPUR, MEASURING APPROXIMATELY 15,033 SQUARE METRES (“DEVELOPMENT LAND”) INTO A RESIDENTIAL DEVELOPMENT; AND

(II) PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF FIPB AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
We refer to the announcements dated 31 December 2013, 21 March 2014 and 29 May 2014 (“Announcements”) in respect of the Proposals. Unless otherwise defined, the abbreviations used in this announcement are the same as those previously defined in the Announcements.
On behalf of the Board, KIBB wishes to announce the status of fulfilment of the Conditions Precedent pursuant to the JVA in relation to the development of the Development Land as follows:

No.Condition PrecedentStatus
1.ASB to procure or caused to be procured the development order plan to be approved by the relevant authorities for development of the Project with terms and conditions acceptable to PGSB or PDMSB. The amount due and payable to the relevant authorities to procure the approved development order plan for the development shall be advanced by PGSB and such payment shall be offset from the Third Payment;ASB has obtained the approval-in-principle for the development order for the Project and has made the relevant payment pursuant thereto to Dewan Bandaraya Kuala Lumpur (“DBKL”). The Parties are currently awaiting endorsement of the development order plan by DBKL.
2.ASB to obtain or caused to be obtained written confirmation from the appropriate authority that the expressed condition of low and medium cost housing appearing on the title to the Development Land is no longer applicable;ASB has obtained the approval from Pejabat Tanah dan Galian Wilayah Persekutuan Kuala Lumpur (“PTGKL”) that the expressed condition of low and medium cost housing is no longer applicable subject to payment of the relevant premium to the PTGKL.
3.Subject to the ASB’s consent to charge the Development Land, PDMSB shall restructure, settle and/or redeem the UOB Loan and release the existing personal guarantees given by Ooi Kok Beng, Hor Peng Kan, Dato’ Mohd Sinon bin Mudakir and Mohammad Saroni bin Morid in favour of UOB Bank. In the event this condition precedent is not fulfilled by the expiry of the Condition Period not due to the fault of PGSB, PGSB shall be given a further period of three (3) months or such other longer period to fulfill this condition precedent provided that PDMSB shall service the monthly bank loan interest payable to UOB Bank, provided that all the other Conditions Precedent have been duly fulfilled;PDMSB has obtained a letter of offer from UOB Bank for credit facilities to redeem the UOB Loan and the release of personal guarantees given by Ooi Kok Beng, Hor Peng Kan, Dato’ Mohd Sinon bin Mudakir and Mohammad Saroni bin Morid, subject to the Fourth Payment and Fifth & Final Payment to ASB can only be made after redemption of the UOB Loan.
4.Passing of resolution of directors of PGSB approving the entering into the JVA (which has been obtained on 31 December 2013);Met
5.Passing of resolution of directors of ASB approving the entering into the JVA (which has been obtained on 31 December 2013);Met
6.Passing of resolution of the members of PGSB approving the entering into the JVA with ASB upon the terms and conditions of the JVA (which has been obtained on 31 December 2013); Met
7.Members’ approval of FIPB approving diversification of its principal activities into property development; and Met
8.Compliance to all other regulatory requirement pursuant to the Securities Commission Act 1993, Capital Markets and Services Act 2007 and all other related practice directions and guidelines in relation to the Proposed JV (if any).Met

This annoucement is dated 2 June 2014.

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