June 30, 2014

Company announcements: OCTAGON, PWORTH, KPOWER, NICE, STONE, UZMA, HAIO

OCTAGON - OTHERS PROPOSED DISPOSAL OF THE ENTIRE EQUITY SHAREHOLDING IN ITS DORMANT SUBSIDIARIES, NAMELY ORIZON INDUSTRIAL SDN BHD AND ORIZON CLEANTECH SDN BHD TO ATR MAINTENANCE AND REPAIR SDN BHD (“PROPOSED DISPOSAL”)

Announcement Type: General Announcement
Company NameOCTAGON CONSOLIDATED BERHAD  
Stock Name OCTAGON  
Date Announced30 Jun 2014  
CategoryGeneral Announcement
Reference NoOC-140630-61622

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED DISPOSAL OF THE ENTIRE EQUITY SHAREHOLDING IN ITS DORMANT SUBSIDIARIES, NAMELY ORIZON INDUSTRIAL SDN BHD AND ORIZON CLEANTECH SDN BHD TO ATR MAINTENANCE AND REPAIR SDN BHD (“PROPOSED DISPOSAL”)

(Unless otherwise stated, all terms and abbreviations used herein shall have the same meaning as those used in the Company's announcement dated 11 December 2013 in relation to the Proposed Disposal)

With reference to the Company's announcement dated 11 December 2013, the Board of Directors of Octagon wishes to announce that the Proposed Disposal has been completed on 25 June 2014.

This announcement is dated 30 June 2014.



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

Announcement Type: General Announcement
Company NamePRICEWORTH INTERNATIONAL BERHAD  
Stock Name PWORTH  
Date Announced30 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140630-56778

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionLOG PRODUCTION VOLUMES FOR MAY 2014

In accordance with Paragraph 9.36 of the Main Market Listing Requirements, Priceworth International Berhad wishes to announce that the Group's log production figures for the month of May 2014 is 4,870.02m3.



KPOWER - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameKUMPULAN POWERNET BERHAD  
Stock Name KPOWER  
Date Announced30 Jun 2014  
CategoryGeneral Meetings
Reference NoKP-140630-59082

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting30/06/2014
Time09:30 AM
VenueThe Auditorium, Level 4, The Podium, Wisma Synergy, No. 72, Pesiaran Jubli Perak, Seksyen 22, 40000 Shah Alam, Selangor Darul Ehsan
Outcome of Meeting

Kumpulan Powernet Berhad (“KPB”)

Annual General Meeting (“17th AGM”)


The Board of Directors of KPB wishes to announce that all resolutions as set out in the Notice of the 17th AGM dated 6 June 2014 were duly passed at the 17th AGM of KPB held on 30 June 2014.

This announcement is dated 30 June 2014.



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

Announcement Type: General Announcement
Company NameNICHE CAPITAL EMAS HOLDINGS BERHAD  
Stock Name NICE  
Date Announced30 Jun 2014  
CategoryGeneral Announcement
Reference NoOS-140630-50936

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
DescriptionNICHE CAPITAL EMAS HOLDINGS BERHAD (“NICE” OR “THE COMPANY”)

• PROPOSED DEBT SETTLEMENT; AND
• PROPOSED PRIVATE PLACEMENT

(COLLECTIVELY, THE “PROPOSALS”)

On behalf of the Board of Directors of NICE, M&A Securities Sdn Bhd  wishes to announce that:

(i) NICE had on 26 June 2014 entered into a debt settlement agreement (“Debt Settlement Agreement” or “Agreement”) with Yikon Jewellery Industry Sdn Bhd (“Yikon”), a former wholly-owned subsidiary company of NICE and the following creditors:

(a) AmBank (M) Berhad;

(b) CIMB Bank Berhad;

(c) RHB Bank Berhad; and

(d) United Overseas Bank (Malaysia) Bhd;

(collectively, “Creditor Banks”)


Pursuant to the Debt Settlement Agreement, NICE intends to undertake a proposed debt settlement of debt owing by Yikon, in respect of Yikon’s outstanding debts to the Creditor Banks in the aggregate sum of RM16,593,232.62 (as at 31 December 2012) via cash payment of RM1.014 million and issuance of 115,130,000 ordinary shares of RM0.10 each in NICE (“NICE Shares”) by NICE to the Creditor Banks (“Proposed Debt Settlement”); and

(ii) Proposed private placement of up to 69,639,000 new NICE Shares to independent third party investor(s) to be identified at an issue price of RM0.15 per NICE Share (“Proposed Private Placement”).

 

 (Proposed Debt Settlement and Proposed Private Placement, collectively will be referred to as the “Proposals”)

 

Kindly refer to the attachment for further details on the Proposals.

This announcement is dated 30 June 2014.

 

 

 

 

 

 



STONE - Changes in Sub. S-hldr's Int. (29B) - DATO' TAN WEI LIAN

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSTONE MASTER CORPORATION BERHAD  
Stock Name STONE  
Date Announced30 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSM-140630-1E2D2

Particulars of substantial Securities Holder

NameDATO' TAN WEI LIAN
AddressLot 5086,
Jalan Kilat,
70200 Seremban,
Negeri Sembilan Darul Khusus.
NRIC/Passport No/Company No.681028-05-5561
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holderTAN WEI LIAN
Lot 5086,
Jalan Kilat,
70200 Seremban,
Negeri Sembilan Darul Khusus.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired30/06/2014
1,000,000
0.360 

Circumstances by reason of which change has occurredAcquisition of shares in the Open Market
Nature of interestDirect Interest
Direct (units)1,000,000 
Direct (%)2.16 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change4,453,100
Date of notice30/06/2014


STONE - Changes in Director's Interest (S135) - DATO' TAN WEI LIAN

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSTONE MASTER CORPORATION BERHAD  
Stock Name STONE  
Date Announced30 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoSM-140630-1E2D1

Information Compiled By KLSE

Particulars of Director

NameDATO' TAN WEI LIAN
AddressLot 5086,
Jalan Kilat,
70200 Seremban,
Negeri Sembilan Darul Khusus.
Descriptions(Class & nominal value)Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
30/06/2014
1,000,000
0.360 

Circumstances by reason of which change has occurredAcquisition through Open Market transaction
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)4,453,100 
Direct (%)9.64 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice30/06/2014


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

Announcement Type: General Announcement
Company NameSTONE MASTER CORPORATION BERHAD  
Stock Name STONE  
Date Announced30 Jun 2014  
CategoryGeneral Announcement
Reference NoSM-140630-1E2CF

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09 of the Main Market Listing Requirements and following from the Announcement made on 10th June 2014 on the intention to deal in the securities of the Company during Closed Period, Stone Master Corporation Berhad ("the Company") wishes to inform that the Company has today, the 30th June 2014 received a notification from Dato' Tan Wei Lian, an Executive Director and substantial shareholder of the Company, in relation to his dealings in the securities of the Company today, the 30th June 2014 as follows :

Name of Registered Holder : Tan Wei Lian

Class & Nominal Value : Ordinary shares of RM0.50 each

Type of Transaction/Dealings : "Acquisition of shares in the Open Market"

Units Acquired : 1,000,000 (2.16%)

Price transacted : RM0.36

Date of Change/Acquisition : 30th June 2014

Nature of Interest : Direct interest

Total No. of Securities and Percentage held before change :3,453,100 (7.47%)

Total No. of Securities and Percentage held after change :4,453,100 (9.64%)

Date of Notice : 30th June 2014

 



STONE - OTHERS STONE MASTER CORPORATION BERHAD ("SMCB" or "the Company") - Proposed Change of External Auditors

Announcement Type: General Announcement
Company NameSTONE MASTER CORPORATION BERHAD  
Stock Name STONE  
Date Announced30 Jun 2014  
CategoryGeneral Announcement
Reference NoSM-140630-4F9B0

TypeAnnouncement
SubjectOTHERS
DescriptionSTONE MASTER CORPORATION BERHAD ("SMCB" or "the Company")
- Proposed Change of External Auditors

The Board of Directors of Stone Master Corporation Berhad ("SMCB" or "the Company") wishes to announce that the Company has received notification on 27th June 2014 from its existing Auditors, Messrs. PKF of their intention to resign as Auditors of the Company. Pursuant to Section 172(15) of the Companies Act, 1965, the resignation of Messrs. PKF as Auditors of the Company will only take effect immediately upon the appointment of the proposed new Auditors.

Subsequently, on 27th June 2014,the Company has received a Notice of Nomination from Dato' Tan Wei Lian, a substantial shareholder of the Company for the proposed nomination of Messrs. Baker Tilly Monteiro Heng as the new Auditors of the Company for the financial year ending 30th September 2014 in place of the resigning Auditors, Messrs. PKF ("Proposed Change of Auditors"). The Company had today, 30th June 2014 received a written consent from Messrs. Baker Tilly Monteiro Heng to act as the new Auditors of the Company if the shareholders' approval is obtained. The Proposed Change of Auditors is subjected to and conditional upon the approval to be obtained from the shareholders of the Company at an Extraordinary General Meeting ("EGM") to be convened.

The Board of Directors will call for the convening of the said EGM for the Proposed Change of Auditors and will inform the Bursa Securities accordingly once the date, time and venue of the EGM have accordingly been determined.

This Announcement is dated 30th June 2014.



UZMA - OTHERS Uzma Berhad - CHANGE OF NAME OF WHOLLY-OWNED SUBSIDIARY

Announcement Type: General Announcement
Company NameUZMA BERHAD  
Stock Name UZMA  
Date Announced30 Jun 2014  
CategoryGeneral Announcement
Reference NoCA-140630-62220

TypeAnnouncement
SubjectOTHERS
DescriptionUzma Berhad
- CHANGE OF NAME OF WHOLLY-OWNED SUBSIDIARY

The Board of Directors of Uzma Berhad wishes to announce that Well Services (Thailand) Ltd., a wholly owned subsidiary of Uzma Engineering Sdn. Bhd., which in turn a wholly-owned subsidiary of the Company has changed its name to "Uzma Well Services (Thailand) Limited (“Uzma Well”) on 26 June 2014. On the same day, Dato’ Kamarul Redzuan Bin Muhamed has been appointed as the new sole director of Uzma Well to replace Ms Wannapa Saenguthai.



HAIO - 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 NameHAI-O ENTERPRISE BERHAD  
Stock Name HAIO  
Date Announced30 Jun 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCP-140630-47614

Date of buy back from18/06/2014
Date of buy back to25/06/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)63,800
Minimum price paid for each share purchased ($$)2.470
Maximum price paid for each share purchased ($$)2.530
Total amount paid for shares purchased ($$)160,329.57
The name of the stock exchange through which the shares were purchased BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units)63,800
Total number of shares retained in treasury (units)6,423,088
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies30/06/2014
Lodged by CORPORATE PARTNERS (ASIA) SDN. BHD.


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