June 12, 2014

Company announcements: SYF, SUPERMX, PSIPTEK, PFCE, UZMA, HAIO, SPSETIA, IREKA

SYF - Changes in Director's Interest (S135) - Dato' Sri Ng Ah Chai

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSYF RESOURCES BERHAD  
Stock Name SYF  
Date Announced12 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-140612-60835

Information Compiled By KLSE

Particulars of Director

NameDato' Sri Ng Ah Chai
AddressNo. 1, Block C
Jalan Indah 2/6
Taman Indah
Batu 11 Cheras
43200 Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary Shares of RM0.25 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
12/06/2014
2,000,000
1.050 
Disposed
12/06/2014
3,000,000
1.050 
Disposed
12/06/2014
1,000,000
1.050 
Disposed
12/06/2014
1,500,000
1.050 

Circumstances by reason of which change has occurredDirect deal
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)166,638,100 
Direct (%)60.73 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice12/06/2014


SYF - Changes in Sub. S-hldr's Int. (29B) - Dato' Sri Ng Ah Chai

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSYF RESOURCES BERHAD  
Stock Name SYF  
Date Announced12 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140612-61979

Particulars of substantial Securities Holder

NameDato' Sri Ng Ah Chai
AddressNo. 1, Block C
Jalan Indah 2/6
Taman Indah
Batu 11 Cheras
43200 Selangor Darul Ehsan
NRIC/Passport No/Company No.620703-10-5077
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.25 each
Name & address of registered holderKenanga Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Ng Ah Chai
Quattro West, 4th Floor
No. 4, Lorong Persiaran Barat
46200 Petaling Jaya

JF Apex Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Ng Ah Chai (margin)
6th Floor, Menara Apex, Off Jalan Seminyih
Bukit Mewah, 43000 Kajang

Ng Ah Chai
No. 1, Block C
Jalan Indah 2/6
Taman Indah
Batu 11 Cheras
43200 Selangor Darul Ehsan

RHB Nominees (Tempatan) Sdn Berhad
Pledged Securities Account for Ng Ah Chai
10th Floor, Plaza OSK
Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed12/06/2014
2,000,000
1.050 
Disposed12/06/2014
3,000,000
1.050 
Disposed12/06/2014
1,000,000
1.050 
Disposed12/06/2014
1,500,000
1.050 

Circumstances by reason of which change has occurredDirect deal
Nature of interestDirect
Direct (units)166,638,100 
Direct (%)60.73 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change166,638,100
Date of notice12/06/2014


SUPERMX - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameSUPERMAX CORPORATION BERHAD  
Stock Name SUPERMX  
Date Announced12 Jun 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCK-140612-2DC6B

Date of buy back12/06/2014
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)1,018,200
Minimum price paid for each share purchased ($$)2.170
Maximum price paid for each share purchased ($$)2.220
Total consideration paid ($$)2,231,900.11
Number of shares purchased retained in treasury (units)1,018,200
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)3,000,000
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 (%)0.44


PSIPTEK - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NamePRINSIPTEK CORPORATION BERHAD  
Stock Name PSIPTEK  
Date Announced12 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140612-63957

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionPRINSIPTEK CORPORATION BERHAD (“PCB” OR THE “COMPANY”)

I. PROPOSED PAR VALUE REDUCTION;
II. PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
III. PROPOSED AMENDMENT

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

On behalf of the Board of Directors of PCB, RHB Investment Bank Berhad would like to announce that the Company is proposing to undertake the following:

(a) proposed par value reduction via the cancellation of RM0.40 of the par value of every existing ordinary share of RM0.50 each in PCB pursuant to Section 64(1) of the Companies Act, 1965 (“Proposed Par Value Reduction”);

(b) proposed renounceable rights issue of 190,174,116 new ordinary shares of RM0.10 each in PCB (“Rights Share(s)”) on the basis of three (3) Rights Shares for every two (2) ordinary share of RM0.10 each in PCB from the resultant Proposed Par Value Reduction, together with 126,782,744 free detachable new warrants (“Warrant(s)”) on the basis of two (2) Warrants for every three (3) Rights Shares successfully subscribed for at an entitlement date to be determined and announced later (“Proposed Rights Issue with Warrants”); and

(c) proposed amendment to the Memorandum of Association of PCB (“Proposed Amendment”).

(Collectively referred to as the “Proposals”).

Further details on the Proposals are set out in the attachment enclosed.

This announcement is dated 12 June 2014.

Attachments

Announcement.pdf
339 KB



PFCE - Change of Address

Announcement Type: Change of Address
Company NamePFCE BERHAD  
Stock Name PFCE  
Date Announced12 Jun 2014  
CategoryChange of Address
Reference NoCM-140612-47803

Change descriptionRegistered 
Old address LEVEL 22 MAJU TOWER
1001 JALAN SULTAN ISMAIL
50250 KUALA LUMPUR 
New address49-B JALAN MELAKA RAYA 8
TAMAN MELAKA RAYA
75000 MELAKA 
Name of Registrar 
Telephone no062815300 
Facsimile no062815332 
E-mail addressjesslyn.lam@my.tricorglobal.com 
Effective date12/06/2014 


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

Announcement Type: General Announcement
Company NameUZMA BERHAD  
Stock Name UZMA  
Date Announced12 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140612-64245

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionUZMA BERHAD (“UZMA” OR “COMPANY”)

PROPOSED ACQUISITION OF MMSVS GROUP HOLDING CO LTD. (“MMSVS”) PURSUANT TO:

I PROPOSED ACQUISITION BY UZMA ENGINEERING SDN BHD (“UESB”), A WHOLLY OWNED SUBSIDIARY OF UZMA, OF THE ENTIRE EQUITY INTEREST IN SVJ HOLDING LIMITED (“SVJ”),
WHICH HOLDS 100,000 ORDINARY SHARES OF THAI BAHT 100 EACH REPRESENTING APPROXIMATELY 49.75% OF ALL THE AUTHORISED AND ISSUED SHARES IN MMSVS;


II PROPOSED ACQUISITION BY WELL SERVICES (THAILAND) LTD (“WST”), A 49%-OWNED SUBSIDIARY OF UZMA, OF 100,999 PREFFERED SHARES OF THAI BAHT 100 EACH
REPRESENTING APPROXIMATELY 50.25% OF ALL THE AUTHORISED AND ISSUED SHARES IN MMSVS

FOR AN AGGREGATE CASH CONSIDERATION OF APPROXIMATELY USD29.70 MILLION.
We refer to our announcements dated 20 May 2014 and 30 May 2014 in relation to the Proposed Acquisition (“Announcements”).
All abbreviations and definitions used herein shall have the same meanings as the words and expressions defined in the Announcements, except where the context otherwise requires or where otherwise defined herein. The exchange rate of USD:RM is the same as the exchange rate used in the announcement dated 30 May 2014.

On behalf of the Board, KIBB wishes to provide the following additional information in relation to the Proposed Acquisition:

1. Breakdown of sources of fund to finance the Proposed Acquisition:

For clarification, we intend to finance the purchase consideration of USD29.70 million via a combination of external bank borrowings and internally generated funds. The borrowings are expected to be approximately USD21.2 million (RM68.0 million) and the balance of approximately USD8.5 million (RM27.3 million) will be via internally generated funds.

2. Financial performance of MMSVS for the FYE 31 December 2013:

In the FYE 31 December 2013, the company had completed the construction of four (4) newbuild HWUs in the FYE 2013, which led to the attainment of multiple long term contracts in the same year. However, although the revenue increased by 55.57% compared to the previous year, the construction of the additional units and increased finance costs negatively impacted the profit of the company for the FYE 2013. The construction of the units carried significant third party manufacturing and certification costs as well as labour, raw material and consumables costs. The additional contracts did not initiate until the middle of the third quarter therefore the revenue was not sufficient enough to offset the costs. Hence, the company recorded a loss before tax of THB0.87 million for the FYE2013.


This announcement is dated 12 June 2014.


UZMA - UZMA BERHAD (“UZMA” OR “COMPANY”) PROPOSED ACQUISITION OF MMSVS GROUP HOLDING CO LTD. (“MMSVS”) PURSUANT TO: I PROPOSED ACQUISITION BY UZMA ENGINEERING SDN BHD (“UESB”), A WHOLLY OWNED SUBSIDIARY OF UZMA, OF THE ENTIRE EQUITY INTEREST IN SVJ HOLDING LIMITED (“SVJ”), WHICH HOLDS 100,000 ORDINARY SHARES OF THAI BAHT 100 EACH REPRESENTING APPROXIMATELY 49.75% OF ALL THE AUTHORISED AND ISSUED SHARES IN MMSVS; II PROPOSED ACQUISITION BY WELL SERVICES (THAILAND) LTD (“WST”), A 49%-OWNED SUBSIDIARY OF UZMA, OF 100,999 PREFFERED SHARES OF THAI BAHT 100 EACH REPRESENTING APPROXIMATELY 50.25% OF ALL THE AUTHORISED AND ISSUED SHARES IN MMSVS FOR AN AGGREGATE CASH CONSIDERATION OF APPROXIMATELY USD29.70 MILLION.

Announcement Type: General Announcement
Company NameUZMA BERHAD  
Stock Name UZMA  
Date Announced12 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140612-65784

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-140602-62704
SubjectUZMA BERHAD (“UZMA” OR “COMPANY”)

PROPOSED ACQUISITION OF MMSVS GROUP HOLDING CO LTD. (“MMSVS”) PURSUANT TO:

I PROPOSED ACQUISITION BY UZMA ENGINEERING SDN BHD (“UESB”), A WHOLLY OWNED SUBSIDIARY OF UZMA, OF THE
ENTIRE EQUITY INTEREST IN SVJ HOLDING LIMITED (“SVJ”), WHICH HOLDS 100,000 ORDINARY SHARES OF THAI BAHT 100
EACH REPRESENTING APPROXIMATELY 49.75% OF ALL THE AUTHORISED AND ISSUED SHARES IN MMSVS;


II PROPOSED ACQUISITION BY WELL SERVICES (THAILAND) LTD (“WST”), A 49%-OWNED SUBSIDIARY OF UZMA, OF 100,999
PREFFERED SHARES OF THAI BAHT 100 EACH REPRESENTING APPROXIMATELY 50.25% OF ALL THE AUTHORISED AND
ISSUED SHARES IN MMSVS

FOR AN AGGREGATE CASH CONSIDERATION OF APPROXIMATELY USD29.70 MILLION.
DescriptionWe refer to our announcements dated 20 May 2014 and 30 May 2014 in relation to the Proposed Acquisition (“Announcements”).

All abbreviations and definitions used herein shall have the same meanings as the words and expressions defined in the Announcements, except where the context otherwise requires or where otherwise defined herein. The exchange rate of USD:RM is the same as the exchange rate used in the announcement dated 30 May 2014.

On behalf of the Board, KIBB wishes to provide the following additional information in relation to the Proposed Acquisition:

1. Breakdown of sources of fund to finance the Proposed Acquisition:

For clarification, we intend to finance the purchase consideration of USD29.70 million via a combination of external bank borrowings and internally generated funds. The borrowings are expected to be approximately USD21.2 million (RM68.0 million) and the balance of approximately USD8.5 million (RM27.3 million) will be via internally generated funds.

2. Financial performance of MMSVS for the FYE 31 December 2013:

In the FYE 31 December 2013, the company had completed the construction of four (4) newbuild HWUs in the FYE 2013, which led to the attainment of multiple long term contracts in the same year. However, although the revenue increased by 55.57% compared to the previous year, the construction of the additional units and increased finance costs negatively impacted the profit of the company for the FYE 2013. The construction of the units carried significant third party manufacturing and certification costs as well as labour, raw material and consumables costs. The additional contracts did not initiate until the middle of the third quarter therefore the revenue was not sufficient enough to offset the costs. Hence, the company recorded a loss before tax of THB0.87 million for the FYE2013.


This announcement is dated 12 June 2014.
Query Letter Contents We refer to your Company's announcement dated 30 May 2014 in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. The breakdown of sources of funds to finance the Proposed Acquisitions
between the proceeds raised from the proposed rights issue announced by the
Company on 18 March 2014 and external borrowings.
2. Explanation for the audited consolidated loss before tax of MMSVS for the
financial year ended 31 December 2013.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully


TAN YEW ENG
Vice President, Issuers
Listing Division, Regulation
TYE/NMA
copy to:-General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax)


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 Announced12 Jun 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCP-140612-62091

Date of buy back12/06/2014
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)5,000
Minimum price paid for each share purchased ($$)2.490
Maximum price paid for each share purchased ($$)2.490
Total consideration paid ($$)12,519.00
Number of shares purchased retained in treasury (units)5,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)6,315,288
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 (%)3.12


SPSETIA - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced12 Jun 2014  
CategoryChange in Principal Officer
Reference NoSP-140612-37744

Date of change16/06/2014
NameChoy Kah Yew
Age43
NationalityMalaysian
Type of changeAppointment
DesignationChief Financial Officer
QualificationsA member of the Malaysian Institute of Certified Public Accountants and Malaysian Institute of Accountants.
Working experience and occupation Mr Choy has been appointed Acting Chief Financial Officer. He joined S P Setia Berhad Group in April 2014 and is currently the Head of Corporate Affairs. Mr Choy has 24 years working experience in finance and investment banking. Prior to joining S P Setia Berhad Group, he was the Head of Capital Market of Alliance Investment Bank 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 issuer or its subsidiariesNil
Details of any interest in the securities of the listed issuer or its subsidiariesNil

Remarks :
Mr Choy has been appointed Acting Chief Financial Officer with effect from 16 June 2014. S P Setia Berhad will announce the appointment of the Chief Financial Officer in due course after identifying a suitable candidate.


IREKA - Changes in Director's Interest (S135) - Chan Soo Har @ Chan Kay Chong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameIREKA CORPORATION BERHAD  
Stock Name IREKA  
Date Announced12 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoIC-140611-5DA10

Information Compiled By KLSE

Particulars of Director

NameChan Soo Har @ Chan Kay Chong
Address5 Jalan SS3/2, Taman Sentosa, 47300 Petaling Jaya
Descriptions(Class & nominal value)Ordinary shares of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Transferred
05/06/2014
1,200,000
 
Transferred
12/06/2014
300,000
 

Circumstances by reason of which change has occurredTransfer of shares to RHB Nominees (Tempatan) Sdn Bhd (Pledged Securities Account for Chan Soo Har @ Chan Kay Chong)
Nature of interestDirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)2,184,750 
Direct (%)1.92 
Indirect/deemed interest (units)15,398,248 
Indirect/deemed interest (%)13.52 
Date of notice12/06/2014

Remarks :
The notice was received by the Company on 12 June 2014.


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