July 10, 2014

Company announcements: CIMBC25, AMPROP, DRBHCOM, ICAP, AFFIN, HIBISCS, SUNWAY, PESTECH, ICON

CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced10 Jul 2014  
CategoryGeneral Announcement
Reference NoOB-140710-62568

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 10-Jul-2014
NAV per unit (RM): 0.9872
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: 16,500.91

Attachments

C25.pdf
25 KB



AMPROP - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameAMCORP PROPERTIES BERHAD  
Stock Name AMPROP  
Date Announced10 Jul 2014  
CategoryGeneral Announcement
Reference NoMB-140709-43708

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionAMCORP PROPERTIES BERHAD (“AMPROP” OR THE “COMPANY”)

(I) PROPOSED BONUS ISSUE OF UP TO 297,867,868 NEW FIVE (5)-YEAR REDEEMABLE CONVERTIBLE PREFERENCE SHARES (“RCPS”) TO BE ISSUED AT THE PAR VALUE OF RM0.50 EACH IN AMPROP ON THE BASIS OF ONE (1) RCPS FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN AMPROP (“SHARES”) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER;

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF AMPROP FROM RM500 MILLION COMPRISING ONE (1) BILLION SHARES TO RM600 MILLION COMPRISING 900 MILLION SHARES AND 300 MILLION RCPS OF RM0.50 EACH; AND

(III) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF AMPROP TO FACILITATE THE ISSUANCE OF THE RCPS AND THE PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Unless otherwise stated, all definitions used in this announcement shall carry the same meanings as those defined in the announcements dated 22 May 2014 and 8 July 2014 in relation to the Proposals.

On behalf of the Board, AmInvestment Bank wishes to announce that on 10 July 2014, an application has been submitted to Bursa Securities in respect of:-

(i) admission, listing of and quotation for up to 297,867,868 new RCPS on the Main Market of Bursa Securities; and

(ii) listing of and quotation for up to 148,933,934 new AMPROP Shares which may be issued pursuant to conversion of the RCPS, on the Main Market of Bursa Securities.

This announcement is dated 10 July 2014.



DRBHCOM - OTHERS DRB-HICOM BERHAD (“DRB-HICOM OR COMPANY”) PROPOSED DISPOSAL OF APPROXIMATELY 51% EQUITY INTEREST IN SCOTT & ENGLISH TRADING (SARAWAK) SDN BHD (“SET”) BY SCOTT & ENGLISH (MALAYSIA) SDN BHD (“SEM”) TO SHINLINE CORPORATION SDN BHD (“SHINLINE”) (“PROPOSED DISPOSAL”)

Announcement Type: General Announcement
Company NameDRB-HICOM BERHAD  
Stock Name DRBHCOM  
Date Announced10 Jul 2014  
CategoryGeneral Announcement
Reference NoDD-140710-45315

TypeAnnouncement
SubjectOTHERS
DescriptionDRB-HICOM BERHAD (“DRB-HICOM OR COMPANY”)
PROPOSED DISPOSAL OF APPROXIMATELY 51% EQUITY INTEREST IN SCOTT & ENGLISH TRADING (SARAWAK) SDN BHD (“SET”) BY SCOTT & ENGLISH (MALAYSIA) SDN BHD (“SEM”) TO SHINLINE CORPORATION SDN BHD (“SHINLINE”) (“PROPOSED DISPOSAL”)
1. INTRODUCTION
Pursuant to paragraph 9.19(24) of Bursa Malaysia Securities Berhad’s Main Market Listing Requirement (“Bursa MMLR”), DRB-HICOM wishes to announce that its subsidiary company, SEM has on 10 July 2014 entered into a shares sale agreement (“SSA”) with Shinline for the proposed disposal of its entire 636,481 ordinary shares of RM1.00 each representing approximately 51% equity interest in SET (“Sale Shares”) for a total cash consideration of RM648,892.38 (“Proposed Disposal”). The Proposed Disposal was completed on the even date.

SEM is a 70%-owned subsidiary company of HICOM Holdings Berhad which is in turn an effectively wholly-owned subsidiary company of DRB-HICOM.

2. INFORMATION ON SET

SET was incorporated on 8 August 2002 and is principally involved in trading of heavy machinery and equipment, spare parts and electrical appliances.

The authorised share capital of SET is RM5,000,000.00 comprising 5,000,000 ordinary shares of RM1.00 each. The issued and paid-up share capital of SET is RM1,248,002.00 comprising 1,248,002 ordinary shares of RM1.00 each.

The current shareholding structure of SET is as follows:
      Shareholders
      No. of ordinary shares
      % equity interest
      SEM
      636,481
      51%
      Shin Yang Corporation Sdn Bhd (“Shin Yang”)
      611,521
      49%
      Total
      1,248,002
      100%
3. INFORMATION ON SEM

SEM was incorporated on 23 May 1970 and is principally involved in importation, distribution and servicing of industrial, marine and engineering products.

The authorised share capital of SEM is RM60,000,000.00 comprising 60,000,000 ordinary shares of RM1.00 each. The issued and paid-up share capital of SEM is RM34,970,000.00 comprising 34,970,000 ordinary shares of RM1.00 each.

4. INFORMATION ON SHINLINE

Shinline was incorporated on 28 July 2004 and is an investment holding company.

The authorised share capital of Shinline is RM100,000 comprising 100,000 ordinary shares of RM1.00 each. The issued and paid-up share capital of Shinline is RM100,000 comprising 100,000 ordinary shares of RM1.00 each.

Shinline is a related company of Shin Yang and a wholly-owned subsidiary company of Shin Yang Shipping Corporation Berhad.

5. DETAILS OF THE SALE CONSIDERATION

The total sale consideration of RM648,892.38 (“Total Sale Consideration”) was arrived at after taking into consideration the net assets values of SET as at 31 December 2013 and the proposed dividend payment at RM1.94 per share prior to the Proposed Disposal. The total consideration has been fully paid on the date of the execution of the SSA.

The proceeds from the Proposed Disposal will be utilised entirely for working capital in SEM.

6. RATIONALE OF THE PROPOSED DISPOSAL

The Proposed Disposal is in line with DRB-HICOM group’s (“the Group”) intention to streamline the Group’s businesses and investments by divesting its investments in the non-core businesses. In addition, the Proposed Disposal will enable the Group to utilise the necessary funds as working capital for its business operation under the Group.

7. FINANCIAL EFFECTS FROM THE PROPOSED DISPOSAL

7.1 Share capital and substantial shareholders’ shareholding

The Proposed Disposal will not have any effect on the share capital and the substantial shareholders’ shareholdings of DRB-HICOM.

7.2 Net assets, earnings and gearing

The Proposed Disposal is not expected to have any material impact on the net assets, earning and gearing of the Group.

8. LIABILITIES, INCLUDING CONTINGENT LIABILITIES AND GUARANTEES TO BE ASSUMED

There will be no liabilities, including contingent liabilities and guarantees to be assumed by SEM arising from the Proposed Disposal.

9. INTEREST OF DIRECTORS AND/OR MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED AND STATEMENT BY THE BOARD OF DIRECTORS

None of the Directors, major shareholders and/or persons connected with them has any interest, direct or indirect, in the Proposed Disposal.

10. DIRECTORS’ STATEMENT

The Board of Directors of DRB-HICOM, after having considered all aspects of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of the Company.

11. DOCUMENT AVAILABLE FOR INSPECTION

The SSA dated 10 July 2014 is available for inspection at the registered office of DRB-HICOM at Level 5, Wisma DRB-HICOM, No. 2 Jalan Usahawan U1/8, Seksyen U1, 40150 Shah Alam, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 10 July 2014.


ICAP - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameICAPITAL.BIZ BERHAD  
Stock Name ICAP  
Date Announced10 Jul 2014  
CategoryGeneral Announcement
Reference NoCK-140709-89BF1

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionOn behalf of the Board of icapital.biz Berhad, we wish to announce that the Net Asset Value per share of icapital.biz Berhad as at 9 July 2014 was RM3.07.



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

Announcement Type: General Announcement
Company NameAFFIN HOLDINGS BERHAD  
Stock Name AFFIN  
Date Announced10 Jul 2014  
CategoryGeneral Announcement
Reference NoMI-140709-40340

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionAFFIN HOLDINGS BERHAD (“AFFIN”)

RM1.00 EACH IN AFFIN (“RIGHTS SHARE(S)”) ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD AS AT 5.00 P.M. ON 12 JUNE 2014 AT AN ISSUE PRICE OF RM2.76 PER RIGHTS SHARE (“RIGHTS ISSUE”)

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcement dated 10 March 2014.

We refer to the announcements dated 10 March 2014, 27 March 2014, 21 April 2014, 23 May 2014, 29 May 2014, 12 June 2014, 2 July 2014 and 9 July 2014.

On behalf of the Board, AFFIN Investment is pleased to announce that the Rights Issue is completed following the listing of and quotation for 448,372,741 Rights Shares on the Main Market of Bursa Malaysia Securities Berhad on 10 July 2014.


This announcement is dated 10 July 2014.


 



HIBISCS - Changes in Sub. S-hldr's Int. (29B) - Roushan Arumugam

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHIBISCUS PETROLEUM BERHAD  
Stock Name HIBISCS  
Date Announced10 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140710-F4D12

Particulars of substantial Securities Holder

NameRoushan Arumugam
Address5 Balmeg Hill, #05-03
The Peak @ Balmeg
Singapore 119913
NRIC/Passport No/Company No.711213-10-5895
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.01 each
Name & address of registered holderLittleton Holdings Pte Ltd
50 Raffles Place #13-05
Singapore Land Tower
Singapore 048623

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others07/07/2014
11,000,000
 

Description of other type of transactionConversion of Warrants-A into Ordinary Shares
Circumstances by reason of which change has occurredConversion of Warrants-A into Ordinary Shares
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)41,415,000 
Indirect/deemed interest (%)6.8 
Total no of securities after change41,415,000
Date of notice10/07/2014

Remarks :
The Form 29B was received by the Company on 10 July 2014.


HIBISCS - Changes in Sub. S-hldr's Int. (29B) - Littleton Holdings Pte Ltd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHIBISCUS PETROLEUM BERHAD  
Stock Name HIBISCS  
Date Announced10 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140710-58246

Particulars of substantial Securities Holder

NameLittleton Holdings Pte Ltd
Address50 Raffles Place #13-05
Singapore Land Tower
Singapore 048623
NRIC/Passport No/Company No.201103262D
Nationality/Country of incorporationIncorporated in Singapore
Descriptions (Class & nominal value)Ordinary Shares of RM0.01 each
Name & address of registered holderLittleton Holdings Pte Ltd
50 Raffles Place #13-05
Singapore Land Tower
Singapore 048623

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others07/07/2014
11,000,000
 

Description of other type of transactionConversion of Warrants-A into Ordinary Shares
Circumstances by reason of which change has occurredConversion of Warrants-A into Ordinary Shares
Nature of interestDirect
Direct (units)41,415,000 
Direct (%)6.8 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change41,415,000
Date of notice10/07/2014

Remarks :
The Form 29B was received by the Company on 10 July 2014.


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

Announcement Type: General Announcement
Company NameSUNWAY BERHAD  
Stock Name SUNWAY  
Date Announced10 Jul 2014  
CategoryGeneral Announcement
Reference NoSS-140709-58253

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionSUNWAY BERHAD ("SUNWAY")
- NOTIFICATION UNDER CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ON DEALINGS IN SECURITIES

Pursuant to Chapter 14, Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that Mr Yap Chin Leong, a Principal Officer of Sunway, has given notice of his dealing in the securities of Sunway outside the closed period, details as set out in the Table below.

Date of Disposal

No. of Shares Disposed

% of Issued Share Capital

Price Transacted (RM per share)

Remarks

08.07.2014

9,000

0.001

3.15

Disposal of shares in the open market

This announcement is dated 10 July 2014.



PESTECH - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES

Announcement Type: General Announcement
Company NamePESTECH INTERNATIONAL BERHAD  
Stock Name PESTECH  
Date Announced10 Jul 2014  
CategoryGeneral Announcement
Reference NoOI-140709-34224

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
DescriptionPESTECH INTERNATIONAL BERHAD (“PESTECH” OR “COMPANY”)

BONUS ISSUE OF 65,648,066 NEW ORDINARY SHARES OF RM0.50 EACH IN PESTECH (“PESTECH SHARES”) (“BONUS SHARES”) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY THREE (3) EXISTING PESTECH SHARES HELD BY THE ENTITLED SHAREHOLDERS OF PESTECH AS AT 5.00 P.M. ON 10 JULY 2014 (“BONUS ISSUE”)

(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 14 May 2014, 15 May 2014, 21 May 2014, 22 May 2014, 23 May 2014 and 26 June 2014 in relation to the Bonus Issue ("Announcements"))

We refer to the Announcements in relation to the Bonus Issue.

On behalf of the Board, Bank Islam wishes to announce that the exact number of Bonus Shares to be listed and quoted on the Main Market of Bursa Securities with effect from 9.00 a.m. on 11 July 2014 is 65,648,066 Bonus Shares.

This announcement is dated 10 July 2014.




ICON - OTHERS ICON OFFSHORE BERHAD (“ICON”) STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING OF ORDINARY SHARES OF RM0.50 EACH IN ICON (“SHARES”) IN CONJUNCTION WITH ITS LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD

Announcement Type: General Announcement
Company NameICON OFFSHORE BERHAD  
Stock Name ICON  
Date Announced10 Jul 2014  
CategoryGeneral Announcement
Reference NoMI-140710-61902

TypeAnnouncement
SubjectOTHERS
DescriptionICON OFFSHORE BERHAD (“ICON”)

STABILISING ACTION IN RELATION TO THE INITIAL PUBLIC OFFERING OF ORDINARY SHARES OF RM0.50 EACH IN ICON (“SHARES”) IN CONJUNCTION WITH ITS LISTING ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD

We refer to the above subject matter.

Pursuant to Section 9(2) of the Capital Markets and Services Act 2007, Capital Markets and Services (Price Stabilisation Mechanism) Regulations 2008, Maybank Investment Bank Berhad (“Maybank IB”), as the Stabilising Manager, has purchased the following Shares:

Date of purchase : 10 July 2014

Number of Shares purchased : 2,929,000 Shares

Price of purchases : RM1.85 per Share

A copy of Maybank IB’s letter dated 10 July 2014 relating to the above is attached herewith.

This announcement is dated 10 July 2014.



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