July 24, 2014

Company announcements: NARRA, MEDAINC, TSRCAP, PANTECH, WASEONG, HOHUP, GWPLAST

NARRA - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Quek Leng Chan

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameNARRA INDUSTRIES BERHAD  
Stock Name NARRA  
Date Announced24 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoNI-140724-43800

Particulars of substantial Securities Holder

NameTan Sri Quek Leng Chan
AddressLevel 11, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
NRIC/Passport No/Company No.430812-71-5133
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderAssets Nominees (Tempatan) Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed21/07/2014
252,300
 

Circumstances by reason of which change has occurredDeemed interest
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change34,800,700
Date of notice21/07/2014

Remarks :
This announcement is dated 24 July 2014.


NARRA - Changes in Sub. S-hldr's Int. (29B) - Hong Leong Company (Malaysia) Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameNARRA INDUSTRIES BERHAD  
Stock Name NARRA  
Date Announced24 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoNI-140724-43813

Particulars of substantial Securities Holder

NameHong Leong Company (Malaysia) Berhad
AddressLevel 10, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
NRIC/Passport No/Company No.7802-V
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderAssets Nominees (Tempatan) Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed21/07/2014
252,300
 

Circumstances by reason of which change has occurredDeemed interest
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change34,790,700
Date of notice21/07/2014

Remarks :
This announcement is dated 24 July 2014.


MEDAINC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameMEDA INC. BERHAD  
Stock Name MEDAINC  
Date Announced24 Jul 2014  
CategoryGeneral Announcement
Reference NoMI-140724-62186

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionThe Company has received notification from Dato’ (Dr.) Teoh Seng Foo, a director of the Company, of his intention to deal in the securities of Meda Inc. Berhad (“MIB”) during the closed period pending the announcement of MIB’s second quarter results for the period ended 30 June 2014.

His current holdings in the securities of MIB are disclosed in the Table Section.

His indirect shareholdings and warrant holdings are held through his spouse, Cheam Shaw Fin.


Nature of interest in the Company

No. of shares/ warrants held

% of shareholding/ warrant holding

Direct interest in ordinary shares of RM0.50 each

22,430,000

4.63

Direct interest in Warrant 2011/2021 (Warrant A)

867,700

1.67

Direct interest in Warrant 2012/2022 (Warrant B)

5,687,500

5.90

Indirect interest in ordinary shares of RM0.50 each

6,128,000

1.27

Indirect interest in Warrant 2011/2021 (Warrant A)

893,300

1.72



MEDAINC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameMEDA INC. BERHAD  
Stock Name MEDAINC  
Date Announced24 Jul 2014  
CategoryGeneral Announcement
Reference NoMI-140724-61184

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionThe Company has received notification from Mr. Teoh Seng Kian, a director of the Company, of his intention to deal in the securities of Meda Inc. Berhad (“MIB”) during the closed period pending the announcement of MIB’s second quarter results for the period ended 30 June 2014.

His current holdings in the securities of MIB are disclosed in the Table Section.

Nature of interest in the Company

No. of shares/ warrants held

% of shareholding/ warrant holding

Direct interest in ordinary shares of RM0.50 each

56,580,324

11.68

Direct interest in Warrant 2011/2021 (Warrant A)

2,373,700

4.57

Direct interest in Warrant 2012/2022 (Warrant B)

2,501,500

2.59



MEDAINC - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameMEDA INC. BERHAD  
Stock Name MEDAINC  
Date Announced24 Jul 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoMI-140724-62523

Date of buy back24/07/2014
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)25,000
Minimum price paid for each share purchased ($$)0.690
Maximum price paid for each share purchased ($$)0.700
Total consideration paid ($$)17,350.00
Number of shares purchased retained in treasury (units)25,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)8,269,900
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 (%)1.71


TSRCAP - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameTSR CAPITAL BERHAD  
Stock Name TSRCAP  
Date Announced24 Jul 2014  
CategoryGeneral Announcement
Reference NoMI-140724-63995

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionTSR CAPITAL BERHAD (“TSR” OR THE “COMPANY”)

I. PROPOSED PRIVATE PLACEMENT;
II. PROPOSED SHARE CAPITAL REDUCTION;
III. PROPOSED RIGHTS ISSUE WITH WARRANTS;
IV. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
V. PROPOSED AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

On behalf of the Board of Directors of TSR (“Board”), RHB Investment Bank Berhad (“RHB Investment Bank”) would like to announce that the Company proposes to undertake the following:

(a) private placement of up to 11,330,000 new ordinary shares of RM1.00 each in TSR (“Placement Share(s)”), representing up to 10% of the issued and paid-up share capital of the Company, to investors to be identified at an issue price to be determined (“Proposed Private Placement”);

(b) share capital reduction via the cancellation of RM0.50 of the par value of every existing ordinary share of RM1.00 each in TSR (“Existing TSR Share(s)”) pursuant to Section 64(1) of the Companies Act, 1965 (“Proposed Share Capital Reduction”);

(c) renounceable rights issue of up to 62,315,000 new ordinary shares of RM0.50 each in TSR (“Rights Share(s)”) together with up to 62,315,000 free detachable new warrants (“Warrant(s)”), on the basis of one (1) Rights Share and one (1) free Warrant for every two (2) ordinary shares of RM0.50 each in TSR (“TSR Share(s)” or “Share(s)”) held after the Proposed Share Capital Reduction on an entitlement date to be determined and announced later (“Entitlement Date”) (“Proposed Rights Issue with Warrants”);

(d) increase in the authorised share capital of TSR from RM200,000,000 comprising 200,000,000 ordinary shares of RM1.00 each to RM250,000,000 comprising 500,000,000 ordinary shares of RM0.50 each (“Proposed Increase in Authorised Share Capital”); and

(e) amendments to the Memorandum and Articles of Association of TSR to facilitate the implementation of the Proposed Share Capital Reduction as well as the Proposed Increase in Authorised Share Capital (“Proposed Amendments”).

(Collectively referred to as the “Proposals”).

Details of the Proposals are set out in the attachment enclosed.

This announcement is dated 24 July 2014.



PANTECH - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NamePANTECH GROUP HOLDINGS BERHAD  
Stock Name PANTECH  
Date Announced24 Jul 2014  
CategoryGeneral Announcement
Reference NoCC-140724-2FCF3

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPantech Group Holdings Berhad (“Pantech” or “the Company”)
Acquisition of remaining 10% equity interest in Pantech International (KSA) Sdn Bhd

Pantech has on 24 July 2014 acquired 100,000 ordinary shares of RM1 each from Freddie Chew Sun Ghee (“Vendor”) representing the remaining 10% of the issued and paid-up share capital of Pantech International (KSA) Sdn Bhd (890670 K) (“PIKSB”) (“the Acquisition”) for a total cash consideration of RM74,545.80.

The Purchase Consideration of RM74,545.80 was based on total equity and was funded by internally generated fund.

Following the Acquisition, PIKSB becomes the wholly-owned subsidiary of the Company.

PIKSB is a private limited company, incorporated in Malaysia with an authorised share capital of RM10,000,000 divided into 10,000,000 ordinary shares of RM1 each and an issued and paid-up share capital of RM1,000,000 comprising 1,000,000 ordinary shares of RM1 each. PIKSB is an investment holding company.

The Acquisition will not have any significant effect on the earnings and net assets per share or gearing of the Company for the financial year ending 28 February 2015.

The Acquisition is not subject to the approval of the shareholders and the relevant government authorities

None of the Directors or major shareholders of the Company, or persons connected with them, has any direct or indirect interest in the Acquisition.

The Board of Directors of the Company is of the opinion that the Acquisition is in the best interest of Pantech.

This announcement is dated 24 July 2014.



WASEONG - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG  
Date Announced24 Jul 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoWS-140724-45D48

Date of buy back24/07/2014
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)50,000
Minimum price paid for each share purchased ($$)1.860
Maximum price paid for each share purchased ($$)1.860
Total consideration paid ($$)93,213.90
Number of shares purchased retained in treasury (units)50,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)2,079,067
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 (%)0.2683


HOHUP - Changes in Sub. S-hldr's Int. (29B) - Low Teik Kien

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHO HUP CONSTRUCTION COMPANY BHD  
Stock Name HOHUP  
Date Announced24 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140723-41852

Particulars of substantial Securities Holder

NameLow Teik Kien
Address8, Jalan Teberau, Ukay Heights, Off Jalan Ulu Klang, 68000 Ampang, Selangor Darul Ehsan
NRIC/Passport No/Company No.641002-10-6387
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderTara Technic Sdn. Bhd.
503, Jalan Permai K
Kg Tasek Permai
Ampang 68000
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed21/07/2014
50,000
 

Circumstances by reason of which change has occurredDisposal of shares through open market by Tara Technic Sdn. Bhd.
Nature of interestIndirect
Direct (units)790,000 
Direct (%)0.29 
Indirect/deemed interest (units)60,875,758 
Indirect/deemed interest (%)19.88 
Total no of securities after change61,665,758
Date of notice24/07/2014


GWPLAST - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN

Announcement Type: General Announcement
Company NameGW PLASTICS HOLDINGS BERHAD  
Stock Name GWPLAST  
Date Announced24 Jul 2014  
CategoryGeneral Announcement
Reference NoMI-140724-66079

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
DescriptionGW PLASTICS HOLDINGS BERHAD (“GW PLASTICS” OR THE “COMPANY”)

(I) PROPOSED CONSOLIDATION;
(II) PROPOSED ACQUISITION;
(III) PROPOSED EXEMPTION;
(IV) PROPOSED RENUNCIATION OF SHARES;
(V) PROPOSED PRIVATE PLACEMENT;
(VI) PROPOSED VENDORS’ RESTRICTED OFFER FOR SALE;
(VII) PROPOSED BUMIPUTERA ISSUE;
(VIII) PROPOSED ADDITIONAL RENUNCIATION OF SHARES;
(IX) PROPOSED VENDORS’ RESTRICTED OFFER FOR SALE TO SHAREHOLDERS;
(X) PROPOSED IASC;
(XI) PROPOSED AMENDMENT; AND
(XII) PROPOSED CHANGE OF NAME,

(COLLECTIVELY, THE “PROPOSED REGULARISATION PLAN”).

Unless otherwise defined, the abbreviations and definitions used in the announcements of the Company dated 9 January 2014 and 18 February 2014 in relation to the Proposed Regularisation Plan of the Company shall apply herein (collectively, the Previous Announcements”).

We refer to the Previous Announcements in relation to the Proposed Regularisation Plan.

Pursuant thereto, RHB Investment Bank, on behalf of the Board, wishes to announce that the Company had on 24 July 2014 entered into a supplemental agreement with the Vendors in respect of the SSA for the Proposed Acquisition (“Supplemental Agreement”).

Kindly refer to the attachment for the details of the Supplemental Agreement and the consequential changes to the Previous Announcements arising from the Supplemental Agreement.

This announcement is dated 24 July 2014.



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