June 23, 2014

Company announcements: THPLANT, WASEONG, IVORY, SUNREIT, CMMT, PCHEM, MAXWELL, HIBISCS

THPLANT - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameTH PLANTATIONS BERHAD  
Stock Name THPLANT  
Date Announced23 Jun 2014  
CategoryGeneral Announcement
Reference NoTP-140620-51E3A

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionTHE COURT OF APPEAL CIVIL APPEAL NO. Q-01-137-03/2012): LEMBAGA PEMBANGUNAN DAN LINDUNGAN TANAH & ANOTHER (APPELLANTS), TR NYUTAN ANAK JAMI AND 2 OTHERS (RESPONDENTS), TH PELITA SADONG SDN. BHD. AND TH PELITA GEDONG SDN. BHD. (INTERVENERS)

CIVIL APPEAL NO. Q-01-136-03/2012: STATE GOVERNMENT OF SARAWAK (APPELLANTS), TR NYUTAN ANAK JAMI & 2 OTHERS (RESPONDENTS), TH PELITA SADONG SDN. BHD. AND TH PELITA GEDONG SDN. BHD. (INTERVENERS)

CIVIL APPEAL NO. Q-01-166-2011: LEMBAGA PEMBANGUNAN DAN LINDUNGAN TANAH (APPELLANT), LUKING ANAK UDING & 3 OTHERS (RESPONDENTS), TH PELITA SADONG SDN. BHD. (INTERVENER)

CIVIL APPEAL NO. Q-01-164-2011: GOVERNMENT OF THE STATE OF SARAWAK (APPELLANTS), LUKING ANAK UDING & 2 OTHERS (RESPONDENTS), TH PELITA SADONG SDN. BHD. (INTERVENER)

CIVIL APPEAL NO. Q-02-756-2011: NIRWANA MUHIBBAH SDN. BHD. VS LUKING ANAK UDING & 3 OTHERS
We refer to our announcement made on 30 October 2013.
The date of hearing has yet to be fixed for TH PELITA Sadong Sdn. Bhd.'s and TH PELITA Gedong Sdn. Bhd.'s (collectively referred to as "the Companies") Notice of Motion to the Federal Court for Leave to Appeal against the judgement of the Court of Appeal made on 27 September 2013.

In the meantime, the Companies' application for a Stay of Execution of the said judgement of the Court of Appeal, which was filed on 24 October 2013, had been allowed by the Court of Appeal on 19 June 2014.

This announcement is dated 23 June 2014.


WASEONG - 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 NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG  
Date Announced23 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWS-140623-00FA4

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 RM0.50 each
Name & address of registered holderEmployees Provident Fund Board
Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
(521,724 ordinary shares of RM0.50 each)

Citigroup Nominees (Tempatan) Sdn Bhd [Employees Provident Fund Board]
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
(31,393,237 ordinary shares of RM0.50 each)

Citigroup Nominees (Tempatan) Sdn Bhd [Employees Provident Fund Board (AM INV)]
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
(1,149,850 ordinary shares of RM0.50 each)

Citigroup Nominees (Tempatan) Sdn Bhd [Employees Provident Fund Board (NOMURA)]
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
(8,219,729 ordinary shares of RM0.50 each)

Citigroup Nominees (Tempatan) Sdn Bhd [Employees Provident Fund Board (CIMB PRI)]
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
(2,806,000 ordinary shares of RM0.50 each)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired18/06/2014
1,000,000
 
Disposed18/06/2014
1,000,000
 

Circumstances by reason of which change has occurredPurchase and disposal of shares by Portfolio Manager for Employees Provident Fund Board
Nature of interestDirect
Direct (units)44,090,540 
Direct (%)5.7023 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change44,090,540
Date of notice19/06/2014

Remarks :
1. Purchase of 1,000,000 shares by Citigroup Nominees (Tempatan) Sdn Bhd for Employees Provident Fund Board.

2. Disposal of 1,000,000 shares by Citigroup Nominees (Tempatan) Sdn Bhd for Employees Provident Fund Board (AM INV).

3. The Notice of Change in the Interest of Substantial Shareholder dated 19 June 2014 was received on 23 June 2014 from Citigroup Nominees (Tempatan) Sdn Bhd reporting on behalf of Employees Provident Fund Board.


IVORY - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameIVORY PROPERTIES GROUP BERHAD  
Stock Name IVORY  
Date Announced23 Jun 2014  
CategoryGeneral Meetings
Reference NoCC-140619-39780

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting23/06/2014
Time10:30 AM
VenuePinang 2, Level 3, Traders Hotel, Magazine Road
10300 Penang
Outcome of Meeting

The Board of Directors of the Company is pleased to inform that the shareholders of the Company had, at the Ninth Annual General Meeting ("AGM") held on 23 June 2014, approved all resolutions as prescribed in the Notice of the Ninth AGM as contained in the 2013 Annual Report.

This announcement is dated 23 June 2014.



IVORY - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameIVORY PROPERTIES GROUP BERHAD  
Stock Name IVORY  
Date Announced23 Jun 2014  
CategoryGeneral Meetings
Reference NoCC-140619-40643

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting23/06/2014
Time11:00 AM
VenuePinang 2, Level 3, Traders Hotel, Magazine Road
10300 Penang
Outcome of Meeting

The Board of Directors of the Company is pleased to inform that the shareholders of the Company had, at the Extraordinary General Meeting ("EGM") held on 23 June 2014, approved the resolution as prescribed in the Notice of the EGM as contained in the Circular to Shareholders.

This announcement is dated 23 June 2014.



SUNREIT - 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 NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT  
Date Announced23 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSR-140623-C1453

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)Units in Sunway Real Estate Investment Trust
Name & address of registered holder1. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board of Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
2. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA) of Suite No. 16.2, Level 16, Menara IMC, No. 8, Jalan Sultan Ismail, 50250 Kuala Lumpur
3. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON) of Suite 31-02, 31st Floor, Menara Keck Seng, 203, Jalan Bukit Bintang, 55100 Kuala Lumpur
4. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AMUNDI) of Amundi Asset Management, Middle Office, 168 Robinson Road, #24-01 Capital Tower, Singapore 068912
5. Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB) of Kenanga Investors Berhad, Suite 12.02, 12th Floor, Kenanga International, Jalan Sultan Ismail, 50250 Kuala Lumpur
6. Employees Provident Fund Board of Tingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/06/2014
19,300
 

Circumstances by reason of which change has occurredDisposal of equity managed by Portfolio Manager, Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA)
Nature of interestDirect interest
Direct (units)294,649,300 
Direct (%)10.06 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change294,649,300
Date of notice19/06/2014

Remarks :
1. The direct interest of 294,649,300 units are held as follows:-
a) 252,116,900 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board.
b) 1,500,000 units are registered in the name of Employees Provident Fund Board.
c) 5,493,100 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AMUNDI).
d) 3,344,300 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB).
e) 24,563,200 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA).
f) 7,631,800 units are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON).

2. The Form 29B dated 19 June 2014 was received on 23 June 2014.


CMMT - 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 NameCAPITAMALLS MALAYSIA TRUST  
Stock Name CMMT  
Date Announced23 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCG-140623-60B3D

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)Units in CapitaMalls Malaysia Trust
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn. Bhd.
Employees Provident Fund Board
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)
Disposed18/06/2014
170,100
 

Circumstances by reason of which change has occurredDisposal of Units
Nature of interestDirect
Direct (units)182,821,400 
Direct (%)10.29 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change182,821,400
Date of notice19/06/2014

Remarks :
CapitaMalls Malaysia REIT Management Sdn. Bhd., manager of CapitaMalls Malaysia Trust has received the Form 29B from Employees Provident Fund Board on 23 June 2014.


PCHEM - 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 NamePETRONAS CHEMICALS GROUP BERHAD  
Stock Name PCHEM  
Date Announced23 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPC-140623-50B86

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
Employees Provident FUND BOARD

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/06/2014
564,900
 

Circumstances by reason of which change has occurredSale of shares in the open market
Nature of interestDirect
Direct (units)564,900 
Direct (%)0.01 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change954,368,800
Date of notice19/06/2014

Remarks :
Form 29B dated 19 June 2014 was received by the Company on 23 June 2014.


MAXWELL - Changes in Sub. S-hldr's Int. (29B) - LI KWAI CHUN

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAXWELL INTERNATIONAL HOLDINGS BERHAD  
Stock Name MAXWELL  
Date Announced23 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140620-57935

Particulars of substantial Securities Holder

NameLI KWAI CHUN
Address#3C, BLOCK 22, HAIYI GRAND VILLA
KOWLOON, HONG KONG
NRIC/Passport No/Company No.KJ0070820
Nationality/Country of incorporationHONG KONG
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.40 EACH
Name & address of registered holder(1) LI KWAI CHUN
#3C, BLOCK 22, HAIYI GRAND VILLA, KOWLOON, HONG KONG

(2) CARTABAN NOMINEES (ASING) SDN BHD EXEMPT AN FOR STANDARD CHARTERED BANK (HONG KONG) LIMITED (HK PVB CL AC)
P.O.BOX 13150, 50732 KUALA LUMPUR

(3) CITIGROUP NOMINEES (ASING) SDN BHD EXEMPT AN FOR UBS AG HONG KONG (FOREIGN)
LEVEL 3, CAPITAL SQUARE TOWER, 10, JALAN MUNSHI ABDULLAH
50100 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Transferred09/06/2014
150,000,000
 

Circumstances by reason of which change has occurredTRANSFER OF SHARES
Nature of interestDIRECT
Direct (units)232,650,433 
Direct (%)58.3 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change232,650,433
Date of notice23/06/2014

Remarks :
TRANSFER OF 150,000,000 ORDINARY SHARES FROM CITIGROUP NOMINEES (ASING) SDN BHD EXEMPT AN FOR UBS AG HONG KONG (FOREIGN)(HK PVB CL AC) TO CARTABAN NOMINEES (ASING) SDN BHD EXEMPT AN FOR STANDARD CHARTERED BANK (HONG KONG) LIMITED - THE BENEFICIAL OWNER IS LI KWAI CHUN AND THERE IS NO CHANGE TO HER SHAREHOLDING IN MAXWELL INTERNATIONAL HOLDINGS BERHAD.

THE FORM 29B WAS RECEIVED ON 23 JUNE 2014


MAXWELL - Changes in Director's Interest (S135) - LI KWAI CHUN

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMAXWELL INTERNATIONAL HOLDINGS BERHAD  
Stock Name MAXWELL  
Date Announced23 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140620-59826

Information Compiled By KLSE

Particulars of Director

NameLI KWAI CHUN
Address#3C, BLOCK 22, HAIYI GRAND VILLA
KOWLOON, HONG KONG
Descriptions(Class & nominal value)ORDINARY SHARES OF RM0.40 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Transferred
09/06/2014
150,000,000
 

Circumstances by reason of which change has occurredTRANSFER OF SHARES
Nature of interestDIRECT
Consideration (if any)NIL 

Total no of securities after change

Direct (units)232,650,433 
Direct (%)58.3 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice23/06/2014

Remarks :
TRANSFER OF 150,000,000 ORDINARY SHARES FROM CITIGROUP NOMINEES (ASING) SDN BHD EXEMPT AN FOR UBS AG HONG KONG (FOREIGN) TO CARTABAN NOMINEES (ASING) SDN BHD EXEMPT AN FOR STANDARD CHARTERED BANK (HONG KONG) LIMITED (HK PVB CL AC)- THE BENEFICIAL OWNER IS LI KWAI CHUN AND THERE IS NO CHANGE TO HER SHAREHOLDING IN MAXWELL INTERNATIONAL HOLDINGS BERHAD.

THE NOTICE WAS RECEIVED ON 23 JUNE 2014


HIBISCS - OTHERS HIBISCUS PETROLEUM BERHAD (“HIBISCUS PETROLEUM” OR THE “COMPANY”) HEADS OF AGREEMENT BETWEEN CARNARVON HIBISCUS PTY LTD (“CHPL”), 3D OIL LIMITED (“3DO”), ALTHEA CORPORATION LIMITED (“ALTHEA”) AND HIREX PETROLEUM SDN BHD (“HIREX”), FOR THE FOLLOWING: (I) PROPOSED ACQUISITION OF 49.9% INTEREST IN BRITANNIA RIG (“RIG/TRUST PROPERTY”) BY CHPL FROM 3DO (“TRUST PROPERTY ACQUISITION”) AND THE TRUST RE-ALIGNMENT FOR ALTHEA TO ACT AS THE BARE TRUSTEE ON BARE TRUST FOR CHPL (RATHER THAN IN THE CAPACITY AS A JOINT OPERATING AGREEMENT OPERATOR) (“TRUST RE-ALIGNMENT”); (II) PROPOSED ACQUISITION OF 5% INTEREST IN EXPLORATION PERMIT VIC/P57 (“P57”) BY CHPL FROM 3DO (“P57 ACQUISITION”); (III) PROPOSED TRANSFER OF A PERCENTAGE OF 3DO’S INTEREST IN P57 TO OTHER P57 JOINT VENTURE PARTIES IN THE EVENT THAT 3DO IS UNABLE TO PAY ITS PARTICIPATING INTEREST SHARE OF ANY P57 CASH CALL AMOUNTS PAYABLE (INCLUDING ANY OTHER OUTSTANDING DEBTS) UNDER OR IN RESPECT OF THE P57 JOINT OPERATING AGREEMENT DATED 8 JANUARY 2013 (“P57 JOA”) (“P57 INTEREST TRANSFER”); (IV) PROPOSED OPTION GRANTED BY 3DO TO HIREX (OR ANOTHER ENTITY NOMINATED BY CHPL) IN RELATION TO THE TRANSFER OF 3DO’S 20% INTEREST IN P57 (“P57 OPTION”); (V) PROPOSED INITIAL TRANSFER OF A PERCENTAGE OF 3DO’S INTEREST IN PRODUCTION LICENCE VIC/L31 (“L31”) TO CHPL FOR THE CONVERSION OF ALL OUTSTANDING DEBTS OF 3DO AS AT THE DATE OF THE HEADS OF AGREEMENT (“L31 INITIAL TRANSFER AND DEBT CONVERSION”); (VI) PROPOSED SUBSEQUENT TRANSFER OF A PERCENTAGE OF 3DO’S INTEREST IN L31 TO OTHER L31 JOINT VENTURE PARTIES, IF AT ANY TIME, 3DO IS UNABLE TO PAY ITS PARTICIPATING INTEREST SHARE OF ANY CASH CALL OR OTHER OUTSTANDING DEBTS PAYABLE UNDER THE P57 JOA (“L31 SUBSEQUENT TRANSFER”); AND (VII) PROPOSED OPTION GRANTED TO CHPL TO PROCURE THE REMAINDER OF 3DO’S INTEREST IN L31 (“L31 OPTION”) (COLLECTIVELY REFERRED TO AS THE “PROPOSED TRANSACTIONS”)

Announcement Type: General Announcement
Company NameHIBISCUS PETROLEUM BERHAD  
Stock Name HIBISCS  
Date Announced23 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140623-59661

TypeAnnouncement
SubjectOTHERS
DescriptionHIBISCUS PETROLEUM BERHAD (“HIBISCUS PETROLEUM” OR THE “COMPANY”)

HEADS OF AGREEMENT BETWEEN CARNARVON HIBISCUS PTY LTD (“CHPL”), 3D OIL LIMITED (“3DO”), ALTHEA CORPORATION LIMITED (“ALTHEA”) AND HIREX PETROLEUM SDN BHD (“HIREX”), FOR THE FOLLOWING:

(I) PROPOSED ACQUISITION OF 49.9% INTEREST IN BRITANNIA RIG (“RIG/TRUST PROPERTY”) BY CHPL FROM 3DO (“TRUST PROPERTY ACQUISITION”) AND THE TRUST RE-ALIGNMENT FOR ALTHEA TO ACT AS THE BARE TRUSTEE ON BARE TRUST FOR CHPL (RATHER THAN IN THE CAPACITY AS A JOINT OPERATING AGREEMENT OPERATOR) (“TRUST RE-ALIGNMENT”);
(II) PROPOSED ACQUISITION OF 5% INTEREST IN EXPLORATION PERMIT VIC/P57 (“P57”) BY CHPL FROM 3DO (“P57 ACQUISITION”);
(III) PROPOSED TRANSFER OF A PERCENTAGE OF 3DO’S INTEREST IN P57 TO OTHER P57 JOINT VENTURE PARTIES IN THE EVENT THAT 3DO IS UNABLE TO PAY ITS PARTICIPATING INTEREST SHARE OF ANY P57 CASH CALL AMOUNTS PAYABLE (INCLUDING ANY OTHER OUTSTANDING DEBTS) UNDER OR IN RESPECT OF THE P57 JOINT OPERATING AGREEMENT DATED 8 JANUARY 2013 (“P57 JOA”) (“P57 INTEREST TRANSFER”);
(IV) PROPOSED OPTION GRANTED BY 3DO TO HIREX (OR ANOTHER ENTITY NOMINATED BY CHPL) IN RELATION TO THE TRANSFER OF 3DO’S 20% INTEREST IN P57 (“P57 OPTION”);
(V) PROPOSED INITIAL TRANSFER OF A PERCENTAGE OF 3DO’S INTEREST IN PRODUCTION LICENCE VIC/L31 (“L31”) TO CHPL FOR THE CONVERSION OF ALL OUTSTANDING DEBTS OF 3DO AS AT THE DATE OF THE HEADS OF AGREEMENT (“L31 INITIAL TRANSFER AND DEBT CONVERSION”);
(VI) PROPOSED SUBSEQUENT TRANSFER OF A PERCENTAGE OF 3DO’S INTEREST IN L31 TO OTHER L31 JOINT VENTURE PARTIES, IF AT ANY TIME, 3DO IS UNABLE TO PAY ITS PARTICIPATING INTEREST SHARE OF ANY CASH CALL OR OTHER OUTSTANDING DEBTS PAYABLE UNDER THE P57 JOA (“L31 SUBSEQUENT TRANSFER”); AND
(VII) PROPOSED OPTION GRANTED TO CHPL TO PROCURE THE REMAINDER OF 3DO’S INTEREST IN L31 (“L31 OPTION”)

(COLLECTIVELY REFERRED TO AS THE “PROPOSED TRANSACTIONS”)

We refer to the Company’s announcement dated 12 May 2014 in relation to the Proposed Transactions. Unless otherwise stated, the abbreviations and definitions used in this announcement shall have the same meaning as defined in the announcement dated 12 May 2014.

On behalf of Hibiscus Petroleum, RHB Investment Bank Berhad wishes to announce that CHPL, Althea, 3DO and HIREX have mutually agreed that the Parties would require additional time to further negotiate and finalise the terms of the definitive UA and the ancillary agreements in relation to the Proposed Transactions. The Parties are targeting to sign the agreements within the next two (2) weeks.

A detailed announcement on the Proposed Transactions will be made in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad upon finalisation of the terms of the Proposed Transactions and the execution of the UA and the ancillary agreements.

This announcement is dated 23 June 2014.



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