June 23, 2014

Company announcements: MAHSING, IREKA, RCECAP, LBALUM, HARVEST, WCT

MAHSING - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced23 Jun 2014  
CategoryChange in Principal Officer
Reference NoMS-140623-A7F7E

Date of change23/06/2014
NameMr Quek Ting Chin
Age43
NationalityMalaysian
Type of changeAppointment
DesignationChief Financial Officer
Qualificationsi) A fellow member of the Institute of Public Accountants, Australia (IPA)
ii) Bachelor (Hons) Degree in Accountancy from University of Bolton, United Kingdom
Working experience and occupation Mr Quek has more than 20 years of experience in finance and accounting, audit, risk management and assessment, strategic planning and management. He holds a Bachelor Degree in Accountancy from the University of Bolton, United Kingdom and is a fellow member of IPA, Australia.

He started his professional career with a Chartered Accountancy firm, DFK International and his experiences were gleaned from diverse industries including onshore and offshore oil and gas services, building construction and civil engineering. Besides Sunway Construction Sdn Bhd and Leighton Offshore Pte Ltd (a subsidiary of Leighton Holdings Limited in Australia) where he served for 12 years and 4 years respectively, his last position prior to joining Mah Sing Group Berhad was as General Manager – Group Performance & Planning, Corporate Accounts in SapuraKencana Petroleum Berhad.
Family relationship with any director and/or major shareholder of the listed issuerNone
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNone
Details of any interest in the securities of the listed issuer or its subsidiaries1,000 ordinary shares of RM0.50 each in Mah Sing Group Berhad

Remarks :
Gender: male


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

Announcement Type: General Announcement
Company NameIREKA CORPORATION BERHAD  
Stock Name IREKA  
Date Announced23 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140623-60541

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionIREKA CORPORATION BERHAD (“IREKA” OR THE “COMPANY”)

RENOUNCEABLE TWO-CALL RIGHTS ISSUE OF 56,957,350 NEW ORDINARY SHARES OF RM1.00 EACH IN IREKA (“RIGHTS SHARE(S)”) TOGETHER WITH 56,957,350 FREE DETACHABLE WARRANTS (“WARRANT(S)”) ON THE BASIS OF ONE (1) RIGHTS SHARE WITH ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN IREKA AS AT 5.00 P.M. ON 2 JUNE 2014, AT AN ISSUE PRICE OF RM1.00 PER RIGHTS SHARE, OF WHICH THE FIRST CALL OF RM0.65 PER RIGHTS SHARE IS PAYABLE IN CASH ON APPLICATION AND THE SECOND CALL OF RM0.35 IS TO BE CAPITALISED FROM IREKA’S SHARE PREMIUM (“RIGHTS ISSUE WITH WARRANTS”)

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Abridged Prospectus issued by Ireka dated 2 June 2014 in relation to the Rights Issue with Warrants. 

We refer to the previous announcements as well as the Abridged Prospectus issued by Ireka dated 2 June 2014 in relation to the Rights Issue with Warrants. 

On behalf of the Board, RHB Investment Bank wishes to announce that as at the close of acceptance and payment for the Rights Issue with Warrants at 5.00 p.m. on 17 June 2014, the Rights Shares with Warrants have been oversubscribed by 13.37% over the total number of 56,957,350 Rights Shares and 56,957,350 Warrants available for subscription under the Rights Issue with Warrants.

The details of the acceptances and excess applications received as at the last time and date of acceptance and payment for the Rights Issue with Warrants being 5.00 p.m. on 17 June 2014, are set out in the table below:- 

 

No. of Rights Shares with Warrants

%

Acceptances

54,394,257

95.50

Excess applications

10,177,476

17.87

Total acceptances and excess applications

64,571,733

113.37

Less: Total Rights Shares with Warrants available for subscription

56,957,350

100.00

Oversubscription

7,614,383

13.37

The Board has approved the basis of allocation for the excess Rights Shares with Warrants applied for under the Rights Issue with Warrants in the following priority:- 

(i)

firstly, to minimise the incidence of odd lots;

 

(ii)

secondly, for allocation to Entitled Shareholders who have applied for Excess Rights Shares with Warrants, on a pro-rata basis and in board lots, calculated based on their respective shareholdings as at the Entitlement Date;

 

(iii)

thirdly, for allocation to the Entitled Shareholders who have applied for Excess Rights Shares with Warrants, on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess Rights Shares with Warrants application; and

 

(iv)

fourthly, for allocation to transferee(s) and/or renouncee(s) who have applied for Excess Rights Shares with Warrants, on a pro-rata basis and in board lots, calculated based on the quantum of their respective Excess Rights Shares with Warrants application.

 

This announcement is dated 23 June 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 Announced23 Jun 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140623-61844

Date of buy back23/06/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)150,000
Minimum price paid for each share purchased ($$)0.325
Maximum price paid for each share purchased ($$)0.325
Total consideration paid ($$)49,106.13
Number of shares purchased retained in treasury (units)150,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)33,943,500
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 (%)2.89


LBALUM - Changes in Sub. S-hldr's Int. (29B) - LEOW KENG SOON

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLB ALUMINIUM BERHAD  
Stock Name LBALUM  
Date Announced23 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140623-073FA

Particulars of substantial Securities Holder

NameLEOW KENG SOON
AddressNo. 7 Lorong Senyum Matahari,
C, Country Heights, 43000 Kajang, Selangor D.E.
NRIC/Passport No/Company No.480123-10-5407
Nationality/Country of incorporationMalaysian Chinese
Descriptions (Class & nominal value)ordinary shares of RM0.50 each
Name & address of registered holderLEOW KENG SOON
No. 7 Lorong Senyum Matahari,
C, Country Heights, 43000 Kajang, Selangor D.E.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed19/06/2014
5,000
0.740 
Disposed20/06/2014
45,000
0.720 

Circumstances by reason of which change has occurredDisposal of 50,000 shares in the open market
Nature of interestdirect
Direct (units)12,750,000 
Direct (%)5.13 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change12,750,000
Date of notice23/06/2014


HARVEST - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameHARVEST COURT INDUSTRIES BHD  
Stock Name HARVEST  
Date Announced23 Jun 2014  
CategoryChange in Boardroom
Reference NoCC-140623-69649

Date of change23/06/2014
NameCHAN BOON LIM
Age37
NationalityMalaysian
Type of changeAppointment
DesignationExecutive Director
DirectorateExecutive
QualificationsMaster in Business Administration ( MBA),
University of Southern Queensland Australia(2006-2010)
Diploma in Marketing (CIM)-(1995-1997) 
Working experience and occupation (1) MAGNIFICIENT DIAGRAPH (M) SDB BHD (CARREFOUR)
Management Trainees (1997 – 1998)

(2) ACCORD CONTAINER LINE (M) SDN BHD
Warehouse Manager (1998-2000)

(3) ACCORD LOGISTICS SDN BHD
Operation Manager,( Air & Sea Freight)(Since 2000-2004)

(4) SAGAJUTA (Sabah) SDN BHD
Assistant Project Director (Since 2004 - todate)

(5) NAIM INDAH CORPORATION BERHAD
General Manager (Since 2012-todate) 
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 

Remarks :
Gender: Male


WCT - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced23 Jun 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoWW-140620-5F880

Date of buy back from11/06/2014
Date of buy back to13/06/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)241,600
Minimum price paid for each share purchased ($$)2.190
Maximum price paid for each share purchased ($$)2.250
Total amount paid for shares purchased ($$)541,183.06
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)241,600
Total number of shares retained in treasury (units)9,502,000
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished
Date lodged with registrar of companies23/06/2014
Lodged by WCT Holdings Berhad


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