June 16, 2014

Company announcements: CIMBA40, CIMBC25, IOICORP, VERSATL, MBL, SCABLE, HIBISCS, DSONIC

CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced16 Jun 2014  
CategoryGeneral Announcement
Reference NoOB-140616-46138

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 16-Jun-2014
IOPV per unit (RM): 1.7245
Units in circulation (units): 1,350,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 11,165.60


CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced16 Jun 2014  
CategoryGeneral Announcement
Reference NoOB-140616-46111

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 16-Jun-2014
IOPV per unit (RM): 0.9962
Units in circulation (units): 9,750,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 16,675.94


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

Announcement Type: General Announcement
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced16 Jun 2014  
CategoryGeneral Announcement
Reference NoIC-140616-A6879

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionCROP OUTPUT FOR MAY 2014

The crop output of IOI Corporation Berhad for the month of May 2014 was as follows:-

Palm Oil Production

i) Fresh Fruit Bunches

m/tonne

- own production

294,146

- outside purchases

12,914

ii) Crude Palm Oil

65,813

iii) Palm Kernel

15,321

This announcement is dated 16 June 2014.

VERSATL - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameVERSATILE CREATIVE BERHAD  
Stock Name VERSATL  
Date Announced16 Jun 2014  
CategoryChange in Principal Officer
Reference NoVC-140616-44555

Date of change16/06/2014
NameGAN ENG WEE
Age54
NationalityMALAYSIAN
DesignationChief Financial Officer
Type of changeResignation
ReasonTo pursue other opportunities
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
Qualifications
Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuerNIL
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNIL
Details of any interest in the securities of the listed issuer or its subsidiariesNIL

MBL - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameMUAR BAN LEE GROUP BERHAD  
Stock Name MBL  
Date Announced16 Jun 2014  
CategoryGeneral Meetings
Reference NoMB-140616-45064

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting16/06/2014
Time12:00 PM
VenueNo. JR52, Lot 1818, Jalan Raja,
Kawasan Perindustrian Bukit Pasir,
84300 Muar,
Johor Darul Takzim.
Outcome of Meeting

With reference to the above, the Board of Directors of Muar Ban Lee Group Berhad wishes to announce that the Eighth Annual General Meeting ("8th AGM") of the Company was duly convened at No. JR52, Lot 1818, Jalan Raja, Kawasan Perindustrian Bukit Pasir, 84300 Muar, Johor Darul Takzim on Monday, 16th June, 2014 at 12.00 noon and all the resolutions set out in the Notice of 8th AGM dated 23rd May, 2014 were duly approved by the shareholders.

This announcement is dated 16th June, 2014.


SCABLE - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameSARAWAK CABLE BERHAD  
Stock Name SCABLE  
Date Announced16 Jun 2014  
CategoryGeneral Meetings
Reference NoCC-140411-52325

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting16/06/2014
Time11:00 AM
Venue360 Urban Resort Hotel, Hock Lee Centre, Level 4, Hotel Towers A, Jalan Datuk Abang Abdul Rahim, 93450 Kuching, Sarawak
Outcome of Meeting

The Board of Directors of Sarawak Cable Berhad wishes to announce that at the Annual General Meeting ("AGM") held today, all resolutions as set out in the notice of AGM dated 23 May 2014 were duly passed.


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

Announcement Type: General Announcement
Company NameSARAWAK CABLE BERHAD  
Stock Name SCABLE  
Date Announced16 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140616-43099

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionPROPOSED ACQUISITION OF 100% EQUITY INTEREST IN UNIVERSAL CABLE (M) BERHAD AND LEADER CABLE INDUSTRY BERHAD FROM HNG CAPITAL SDN. BHD. FOR AN INDICATIVE PURCHASE CONSIDERATION OF RM210,000,000 (“PROPOSED ACQUISITIONS”)
On behalf of the Board of Directors of SCB (“Board”), Kenanga Investment Bank Berhad wishes to inform that the Board (save for Dato’ Seri H’ng Bok San @ H’ng Ah Ba who being interested in the Proposed Acquisitions had abstained from all deliberation and voting pertaining to the Proposed Acquisitions) had accepted a conditional offer made by HNG Capital Sdn Bhd ("HNG") (“Conditional Offer”) for SCB to acquire 100% equity interest ("Sales Shares") in Universal Cable (M) Bhd ("UCMB") and Leader Cable Industry Berhad ("LCIB") (collectively referred to as the “Target Companies”) from HNG for an indicative purchase consideration of RM210,000,000 ("Purchase Consideration") to be settled via a combination of cash, assumption of liabilities and the issuance of new ordinary shares of RM0.50 each in SCB (“Shares”) ("Proposed Acquisitions").
The principal activities of UCMB are manufacture and sale of telecommunication and power cables. The principal activities of LCIB are manufacture and sale of telecommunication cables, low and high voltage power cables for domestic and export markets.

The salient terms of the Conditional Offer are:-

1. Pursuant to the Conditional Offer, SCB is given an exclusive period of sixty (60) days from the date of acceptance of the Conditional Offer (“Exclusive Period”) to:-
    (a) Carry out all due diligence of the financial, accounting, business records, contracts and other relevant documents of the Target Companies, at SCB’s own cost, subject to the signing of a standard Non Disclosure Agreement; and
      (b) Decide whether to proceed with the Proposed Acquisitions.

    2. During the Exclusive Period, HNG will not offer to sell the Sales Shares to any other parties.

    3. In the event SCB decides to proceed with the Proposed Acquisitions upon satisfactory completion of the due diligence, SCB shall pay HNG an earnest deposit of RM2,100,000 (“Earnest Deposit”), equivalent to 1% of the Purchase Consideration on or before the expiry of the Exclusive Period. SCB and HNG shall then enter into a Share Sale Agreement (“SSA”) to formalise the Proposed Acquisitions within thirty (30) days thereafter.

    4. The SSA may contain the following conditions precedent (which shall be fulfilled within three (3) months from the date of the SSA), unless otherwise extended further in writing by SCB and HNG) as follows:
        (a) Approval of the Board and if necessary, approval of the shareholders of SCB at an Extraordinary General Meeting;

        (b) Approval of the Board and shareholders of HNG; and

        (c) Approval or consent of the chargee(s) and other relevant creditors and financiers of HNG.

    5. The SSA shall be effective and unconditional on the date where the last of the conditions precedent are fulfilled (“Effective Date”).

    6. The Earnest Deposit shall be refunded free of interest if the conditions precedents cannot be fulfilled.

    7. The SSA shall stipulate that the payment of the balance of the Purchase Consideration of RM207,900,000 (being the Purchase Consideration less the Earnest Deposit) shall be within fourteen (14) days from the Effective Date.

    8. The SSA shall also stipulate that HNG shall guarantee that the total profit before taxation ("PBT") of the Target Companies for the financial year ending 31 December 2014 shall be not less than RM21,000,000. HNG shall pay SCB any shortfall in the guaranteed PBT within ninety (90) days from the signing of the audited financial statement of the Target Companies for the financial year ending 31 December 2014.

    Dato’ Seri H’ng Bok San @ H’ng Ah Ba, the controlling shareholder and director of HNG, is the Non-Independent Non-Executive Director of SCB. Mr. Kon Ted Liuk, the Alternate Director to Dato’ Seri H’ng Bok San @ H’ng Ah Ba in SCB, is also a director of LCIB.

    Accordingly, the Proposed Acquisitions, if materialised, will be related party transactions. The Non-Interested Directors and Audit Committee of SCB will deliberate on terms and conditions as well as the merits and risks of the Proposed Acquisitions and an Independent Adviser will be appointed before the terms and conditions of the Proposed Acquisitions are finalised.

    The shareholders of SCB and potential investors are advised to exercise caution when dealing in SCB Shares, as there is no certainty that the Proposed Acquisitions may proceed or result in a binding agreement. An announcement will be made upon the signing of the SSA.

    If you are in doubt as to the next course of action to take, you should consult your stockbroker, bank manager, solicitor, accountant or other professional advisers immediately.

    This announcement is dated 16 June 2014.

    HIBISCS - OTHERS 3D Oil Limited ASX Release - Beach Energy to pay $3 million for 20% in T/49P

    Announcement Type: General Announcement
    Company NameHIBISCUS PETROLEUM BERHAD  
    Stock Name HIBISCS  
    Date Announced16 Jun 2014  
    CategoryGeneral Announcement
    Reference NoHP-140611-A4FC5

    TypeAnnouncement
    SubjectOTHERS
    Description3D Oil Limited ASX Release - Beach Energy to pay $3 million for 20% in T/49P

    Hibiscus Petroleum Berhad (“Hibiscus Petroleum”) is pleased to attach herewith an ASX release made by its joint venture partner, 3D Oil Limited entitled “Beach Energy to pay $3 million for 20% in T/49P”.

     


    Hibiscus Petroleum has a 13% interest in 3D Oil Limited, an Australian-listed company; and has an operating ownership of 50.1% of Exploration Permit VIC/P57 and Production License VIC/L31 via its wholly-owned subsidiary, Carnarvon Hibiscus Pty Ltd. The balance of 49.9% of these permits is owned by 3D Oil Limited.

      

    This announcement is dated 16 June 2014.

     


     

     

    Attachments

    ASX T49P Beach_16 June 2014.pdf
    464 KB


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

    Announcement Type: General Announcement
    Company NameDATASONIC GROUP BERHAD  
    Stock Name DSONIC  
    Date Announced16 Jun 2014  
    CategoryGeneral Announcement
    Reference NoDG-140613-91289

    TypeAnnouncement
    SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
    DEALINGS OUTSIDE CLOSED PERIOD
    DescriptionPursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Directors have notified on the changes of their direct interests in the securities of the Company, details as set out in the table below:-

    Name

    Name of Registered Holder

    Date of Disposal

    Number of Ordinary Shares of RM0.10 each disposed

    Price per share (RM)

    Percentage of Issued shares disposed (%)

    Balance of shares

    Mohamed Zulkhornain Bin Ab Ranee

     

    Mohamed Zulkhornain Bin Ab Ranee

     

    13.06.2014

    (60,000)

    1.915

    0.0044

    5,060,000

    Dato' Wan Mohd Safiain Bin Wan Hasan

    AllianceGroup Nominees (Tempatan) Sdn Bhd pledged securities account for Dato' Wan Mohd Safiain Bin Wan Hasan

    13.06.2014

    (200,000)

    1.86

    0.0148

    1,400,000


    DSONIC - Changes in Director's Interest (S135) - Dato' Wan Mohd Safiain Bin Wan Hasan

    Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Company NameDATASONIC GROUP BERHAD  
    Stock Name DSONIC  
    Date Announced16 Jun 2014  
    CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Reference NoDG-140613-8BD5B

    Information Compiled By KLSE

    Particulars of Director

    NameDato’ Wan Mohd Safiain Bin Wan Hasan
    Address129, Taman Desa Minang
    68100 Batu Caves
    Selangor Darul Ehsan
    Descriptions(Class & nominal value)Ordinary Shares of RM0.10 each

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transaction
    Date of change
    No of securities
    Price Transacted (RM)
    Disposed
    13/06/2014
    200,000
    1.860 

    Circumstances by reason of which change has occurredDisposal of shares in open market
    Nature of interestDirect
    Consideration (if any)N/A 

    Total no of securities after change

    Direct (units)1,400,000 
    Direct (%)0.1037 
    Indirect/deemed interest (units)0 
    Indirect/deemed interest (%)0 
    Date of notice16/06/2014

    Remarks :
    The total direct shareholdings of 1,400,000 ordinary shares of RM0.10 each are registered in the name of AllianceGroup Nominees (Tempatan) Sdn Bhd pledged securities account for Dato' Wan Mohd Safiain Bin Wan Hasan.

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