June 3, 2014

Company announcements: BARAKAH, DIALOG, HEXAGON, HAIO, TIMWELL, SALCON, KAMDAR, MAXTRAL

BARAKAH - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameBARAKAH OFFSHORE PETROLEUM BERHAD  
Stock Name BARAKAH  
Date Announced3 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140603-B1C75

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionBarakah Offshore Petroleum Berhad ("the Company")
- Notice of Dealings in Shares in the Company by Principal Officer

 

Pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, Encik Nasiruddin Lim Bin Abdullah has given his notice of dealings in the Company’s securities dated 3 June 2014 as follows:

 

 

 

Name of Principal Officer

Date of Acquisition

Price per Ordinary Share (RM)

Number and Percentage of Ordinary Shares Acquired

Percentage of Ordinary Shares after Acquisition

Direct

%

Direct

Indirect

Nasiruddin Lim Bin Abdullah

3 June 2014

0.65 (Exercise of ESOS)

110,000

0.02 *

120,000

(0.02% *)

Nil

 

 

 

 

 

 

 

This announcement is dated 3 June 2014.

 

 



DIALOG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced3 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-140603-C7AAD

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired29/05/2014
1,736,400
 

Circumstances by reason of which change has occurredPurchase of shares.
Nature of interestDirect
Direct (units)296,273,035 
Direct (%)12.18 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change296,273,035
Date of notice03/06/2014

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Acquired 655,900 shares) - 236,726,094 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) - 9,083,400 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) (Acquired 980,500 shares) - 15,917,320 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) (Acquired 100,000 shares) - 1,800,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (MAYBAN) - 350,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AMUNDI) - 8,500,000 shares

Total No. of shares -296,273,035 shares


HEXAGON - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHEXAGON HOLDINGS BHD  
Stock Name HEXAGON  
Date Announced3 Jun 2014  
CategoryGeneral Announcement
Reference NoCM-140603-60368

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHEXAGON HOLDINGS BERHAD (“HHB” or “the Company”)
Notice of Demand (“Notice”) by Veritas Architects (“VA”)

The Board of Directors of Hexagon Holdings Berhad (“HHB”) wishes to announce that on 2 June 2014, a Notice of Demand (“Notice”) dated 29 May 2014 had been served on HHB, by Messrs Wong Gowry & Yip (“the Solicitor”) acting for Veritas Architects (“VA”) demanding an alleged sum of RM32,152.20 as at 28 May 2014 due and owing under the Architectural and Comprehensive Consultancy Services rendered by VA to HHB together with continuing interest at the rate of 1.5% per month from 29 May 2014 until full settlement together with a sum of RM300.00 towards the costs of this Notice.

The Board of Directors of HHB would like to inform that the Company was not aware of the abovementioned services rendered by VA and HHB is in the midst of seeking legal advice to defend against the aforesaid Notice.

HHB is given Seven (7) days from the receipt of the Notice to pay the aforesaid sum to VA.

Save for the RM32,152.20 alleged sum as demanded by VA plus our legal cost and incidental cost, there is no other financial nor any operational impact of the Notice on HHB. The Company will suffer financial losses by that demand payment if the demand would subsequent crystallize.

Further announcement on the material development of the above matter will be made in due course.

This announcement is dated 3 June 2014.



HAIO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHAI-O ENTERPRISE BERHAD  
Stock Name HAIO  
Date Announced3 Jun 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCP-140603-62798

Date of buy back03/06/2014
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)5,500
Minimum price paid for each share purchased ($$)2.430
Maximum price paid for each share purchased ($$)2.440
Total consideration paid ($$)13,489.00
Number of shares purchased retained in treasury (units)5,500
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)6,248,888
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 (%)3.09


TIMWELL - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameTIMBERWELL BERHAD  
Stock Name TIMWELL  
Date Announced3 Jun 2014  
CategoryGeneral Meetings
Reference NoTT-140529-53937

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionNotice of Eighteenth Annual General Meeting
Date of Meeting26/06/2014
Time01:30 PM
VenueNipah Room, 2nd Floor, Sabah Oriental Hotel, Jalan Kemajuan, Karamunsing, 88000 Kota Kinabalu, Sabah
Date of General Meeting Record of Depositors19/06/2014

Attachments

Timberwell - Notice AGM .pdf
797 KB



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 Announced3 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140603-44EC3

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 holderAmTrustee Bhd
22nd Floor, Bangunan AmBank Group
No. 55, Jalan Raja Chulan
50200 Kuala Lumpur

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

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed29/05/2014
875,100
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change36,404,200
Date of notice03/06/2014

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.


SALCON - Changes in Sub. S-hldr's Int. (29B) - Great Eastern Holdings 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 Announced3 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140603-52307

Particulars of substantial Securities Holder

NameGreat Eastern Holdings Limited
Address1 Pickering Street #16-01,
Great Eastern Centre
Singapore 048659
NRIC/Passport No/Company No.199903008M
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderAmTrustee Bhd
22nd Floor, Bangunan AmBank Group
No. 55, Jalan Raja Chulan
50200 Kuala Lumpur

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

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed29/05/2014
875,100
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change36,404,200
Date of notice03/06/2014

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.


KAMDAR - OTHERS KAMDAR GROUP (M) BERHAD ("Kamdar" or "the Company") -EXTENSION OF TIME

Announcement Type: General Announcement
Company NameKAMDAR GROUP (M) BERHAD  
Stock Name KAMDAR  
Date Announced3 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140602-59639

TypeAnnouncement
SubjectOTHERS
DescriptionKAMDAR GROUP (M) BERHAD ("Kamdar" or "the Company")
-EXTENSION OF TIME

Reference is made to the Company’s announcement dated 24 March 2014, 16 April 2014 and 7 May 2014.

Following the appointment of Messrs Morison Anuarul Azizan Chew (AF 001977) as Special Auditor to assist the Audit Committee of Kamdar to conduct an investigation into an alleged withdrawal of RM8.7 million from Kamdar Sdn Bhd’s account, the Board of Directors of Kamdar wishes to inform that they have deferred the completion of the special audit for another two (2) weeks. The expected date of completion is on 17 June 2014.

The reason being, the Company has put forward queries on the draft special audit report and awaiting reply from the Special Auditor.

The Company shall make an announcement on the findings of the special audit upon the completion of the special audit.

This announcement is dated 3 June 2014.



MAXTRAL - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameMAXTRAL INDUSTRY BERHAD  
Stock Name MAXTRAL  
Date Announced3 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140603-57049

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionMONTHLY UPDATE PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

We refer to our announcements dated 21 December 2012, 3 January 2013, 5 February 2013, 8 March 2013, 2 April 2013, 6 May 2013, 4 June 2013, 1 July 2013, 5 August 2013, 3 September 2013, 1 October 2013, 1 November 2013, 6 December 2013, 20 December 2013, 23 December 2013, 8 January 2014, 28 January 2014, 5 March 2014, 1 April 2014, 14 April 2014 and 2 May 2014.

The Board of Directors of Maxtral Industry Berhad ("Maxtral" or the "Company") wishes to inform that the Company had on 20 December 2013 submitted an application to Bursa Malaysia Securities Berhad ("Bursa Securities") for an extension of time ("Application") to submit its Regularisation Plan to the Securities Commission or Bursa Securities (as the case may be). The Company was required to submit its Regularisation Plan on or before 22 December 2013.

The Company was further informed by Bursa Malaysia Berhad by its letter dated 23 December 2013 that the suspension on the trading of the Company's securities and de-lisitng of the Company in accordance with Paragraph 8.04(5) of the Main Market Listing Requirements shall be deferred pending decision on the Application.

On 19 February 2014, Bursa Malaysia Berhad informed the Company by letter that the Application, after due consideration of all facts and circumstances of the matter, was rejected. The Company was informed that the trading in the securities of the Company will remain suspended until further notice and the securities of the Company will be de-listed on 3 March 2014 unless an appeal against the de-lisitng is submitted to Bursa Securities on or before 26 February 2014 ("the Appeal Timeframe"). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.


In response to the above decline, the Company had on 26 February 2014 submitted an appeal to Bursa Securities ("Appeal") for the de-lisitng of the securities of Maxtral and its decision in declining the Company's application for extension of time in submitting the Regularisation Plan.

On 11 April 2014, the Company received a reply from Bursa Securities. After due consideration of all facts and circumstances of the case including the written and oral representations of the Company and the following:-

- AmIvestment Bank Berhad had been appointed as the principal adviser for the Company's proposed regularisation plan on 17 March 2014; and

- Subsequent to the termination of the Company's earlier regularisation plan involving NEP Holdings (Malaysia) Berhad and Fenghua Construction Engineering Co Ltd in January and March 2014 respectively, the Company had managed to secure a new white knight i.e. Bountiful Returns Sdn Bhd ("Bountiful") and had received conditional letters of offer dated 20 March 2014 from Bountiful for the supply of timber logs and leasing of a factory.

Bursa Securities had decided to grant Maxtral an extension of time until 31 July 2014 as requested to submit the regularisation plan to the relevant authorities for approval ("the Extended Timeframe").

Bursa Securities further decided to de-list the securities of the Company from the Official List of Bursa Securities pursuant to paragraph 8.04 of the Main Market Listing Requirements in the event:-

(i) the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe;

(ii) the Company fails to obtain the approval for the implementation of its regularisation and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;

(iii) the Company does not succeed in its appeal; or

(iv) the Company fails to implement its regularisation plan within the timeframe or extended timeframe stipulated by the relevant authorities.

Upon occurrence of any of the events set out in (i) to (iv) above, the securities of the Company shall be removed from the Officail List of Bursa Securuities upon the expiry of two (2) market days from the date the Company is notified by Bursa Securities or such other date as may be specified by Bursa Securities.

In arriving at the aforesaid decision to de-list the Company upon occurrence of any of the events set out in (i) to (iv), Bursa Securities had considered, among others, the followings factors:-
(1) Maxtral had failed to regularise the Company's fincnacial condition in accordance with paragraph 8.04 of the Main Market Listing Requirements and PN17;

(2) the Company had started making losses since financial year ended 31 December 2010 and the financial results of Maxtral for the past three (3) financial years ended ("FYE") 31 December 2010 to 31 December 2012 and the Company's latest quarterly report for the financial period ended 31 December 2013 (4th Quarter 2013) as follows:

Item
FYE 31/12/2010 (RM'000)
FYE 31/12/2011 (RM'000)
FYE 31/12/2012 (RM'000)
4th Quarter 2013 (RM'000)
Revenue
61,464
21,936
15,441
1,704
(Loss)/profit before tax
(11,091)
(120,913)
(42,393)
(84,052)
(Loss)/profit after tax
(10,041)
(118,243)
(41,405)
(67,335)
Shareholders' equity
192,314
76,181
34,776
(30,582)
Total interest bearing borrowings
62,409
61,063
62,422
33,910
Net current assets/(liabilities)
39,529
3,439
(32,575)
(30,658)

(3) All PN17 companies are required to regularise their financial condition and level of operations expeditiously within the timeframes prescribed in paragraph 8.04 of the Main Market Listing Requirements and PN17 or extended timeframe as may be granted by Bursa Securities;

(4) The requirement for companies to have an adequate level of financial condition and level of operations serves to ensure that companies listed on the Official List are of a certain minimum quality. Companies that have minimum level of financial condition and level of operations serve to preserve and sustain market integrity and investors' confidence; and

(5) In the opinion of Bursa Securities, adequate time and opportunity had been accorded to Maxtral to regularise the Company's financial condition since Maxtral's First Announcement on 21 December 2012.

This announcement is dated 3 June 2014.


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

Announcement Type: General Announcement
Company NameMAXTRAL INDUSTRY BERHAD  
Stock Name MAXTRAL  
Date Announced3 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140603-56368

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionMONTHLY UPDATE ON THE STATUS OF DEFAULT IN PAYMENT PURSUANT TO PRACTICE NOTE ("PN1") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

We refer to our announcements dated 14 November 2012, 10 December 2012, 3 January 2013, 5 February 2013, 8 March 2013, 2 April 2013, 6 May 2013, 4 June 2013, 1 July 2013, 5 August 2013, 3 September 2013, 1 October 2013, 1 November 2013, 6 December 2013, 20 December 2013, 23 December 2013, 8 January 2014, 28 January 2014, 5 March 2014, 1 April 2014 and 2 May 2014.

In compliance with paragraph 3.2 of PN1, the Board of Directors of Maxtral Industry Berhad wishes to inform that there has been no material development on the status as announced previously.

This announcement is dated 3 June 2014.


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