August 20, 2014

Company announcements: PCHEM, ARMADA, CLIQ-WA, ICON, MBMR, AHEALTH, TOMYPAK, LYSAGHT

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 Announced20 Aug 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPC-140820-8B056

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

Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident FD BD (NOMURA)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed14/08/2014
2,923,500
 
Acquired14/08/2014
8,900
 

Circumstances by reason of which change has occurredSale of shares in the open market and Purchase of shares managed by Portfolio Manager.
Nature of interestDirect
Direct (units)2,914,600 
Direct (%)0.04 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change922,855,400
Date of notice15/08/2014

Remarks :
Form 29B dated 15 August 2014 was received by the Company on 20 August 2014.

On 14 August 2014,, Portfolio Manager for Employees Provident Fund Board Disposed 2,923,500 shares and Portfolio Manager for Employees Provident FD BD(NOMURA) acquired 8,900 shares.


ARMADA - OTHERS BUMI ARMADA BERHAD - SIGNING OF CONTRACT FOR THE CHARTERING, OPERATION AND MAINTENANCE OF A FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL (“FPSO”)

Announcement Type: General Announcement
Company NameBUMI ARMADA BERHAD  
Stock Name ARMADA  
Date Announced20 Aug 2014  
CategoryGeneral Announcement
Reference NoBA-140815-EBD48

TypeAnnouncement
SubjectOTHERS
DescriptionBUMI ARMADA BERHAD
- SIGNING OF CONTRACT FOR THE CHARTERING, OPERATION AND MAINTENANCE OF A FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL (“FPSO”)

INTRODUCTION
We refer to the announcement made by Bumi Armada Berhad (“Bumi Armada” or the “Company”) on 31 March 2014 in respect of the Letter of Intent (“LOI”) issued by eni Angola S.p.A. (“eni Angola”), for the award of a contract for the chartering, operation and maintenance of an FPSO tanker facility complete with Mooring System to the consortium of Bumi Armada Offshore Holdings Limited (“BAOHL”) and Angoil Bumi JV Lda (“ABJL”) (collectively referred as the “Contractor”) at the Block 15/06 East Hub field, located in deep water offshore Angola (the “Contract”). The LOI took effect on 28 March 2014.

Bumi Armada is pleased to announce the signing of the Contract today in furtherance of the LOI. The effective date of the Contract is 28 March 2014 corresponding to the commencement of the work.

DETAILS OF THE CONTRACT
The Contract is for a firm charter of 12 years with options of 8 yearly extensions. The estimated aggregate value of the Contract for the firm charter period is approximately USD3.0 billion (equivalent to approximately RM9.6 billion), with a further aggregate contract value of USD0.9 billion (equivalent to approximately RM3.0 billion) if eni Angola exercises all the extension options in full.

The FPSO is expected to commence operations in the Block 15/06 field in the fourth quarter of 2016.

BAOHL is a wholly-owned subsidiary of Bumi Armada incorporated in the Republic of The Marshall Islands on 17 June 2010 and is principally involved in the business of owning, chartering and managing of ships and vessels and provision of marine support and other services to offshore oil and gas companies.

ABJL is an Angolan joint venture company of BAOHL, Angoil Exploracao Petrolifera S.A. and Cosmarg Limitada.

eni Angola is a wholly-owned subsidiary of eni S.p.A., an Italy-based multinational oil and gas company listed on the New York Stock Exchange. Block 15/06 is operated by eni Angola (35%) with other partners of the joint venture, SSI Fifteen Limited (25%), Sonangol P&P (30%), Falcon Oil Holdings Angola SA (5%) and Statoil Angola Block 15/06 (5%).

FINANCIAL EFFECT
The Contract will contribute positively to the revenue and earnings of the Bumi Armada Group for the quarter ended 30 June 2014 and financial year ending 31 December 2014 as well as the financial periods thereafter for the duration of the Contract.

RISKS ASSOCIATED WITH THE CONTRACT
The risks associated with the Contract are normal operational risks which are well understood by the Company and being mitigated through Bumi Armada’s system of project management and internal business controls.

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect, in the Contract.

This announcement is dated 20 August 2014.




CLIQ-WA - Changes in Director's Interest (S135) - Kamarul Baharin Bin Albakri

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameCLIQ ENERGY BERHAD  
Stock Name CLIQ-WA  
Date Announced20 Aug 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-140820-3A0A4

Information Compiled By KLSE

Particulars of Director

NameKamarul Baharin Bin Albakri
AddressNo. 27, Jalan U2/50A
Off Persiaran Golf Saujana Resort
40150 Shah Alam
Selangor Darul Ehsan
Descriptions(Class & nominal value)2013/2016 Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
19/08/2014
89,700
0.255 
Acquired
20/08/2014
410,300
0.255 

Circumstances by reason of which change has occurredPurchase of Warrants in the Open Market
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)542,000 
Direct (%)0.09 
Indirect/deemed interest (units)126,187,880 
Indirect/deemed interest (%)20 
Date of notice20/08/2014


ICON - OTHERS (Amended Announcement)

Announcement Type: General Announcement
Company NameICON OFFSHORE BERHAD  
Stock Name ICON  
Date Announced20 Aug 2014  
CategoryGeneral Announcement
Reference NoIO-140820-B801B

TypeAnnouncement
SubjectOTHERS
DescriptionACQUISITION OF ONE (1) ACCOMMODATION WORK BOAT

INTRODUCTION

 

Our Board of Directors (“Board”) is pleased to announce that Icon Kayra (L) Inc, our wholly-owned subsidiary, had on 6 August 2014 completed the acquisition of one (1) accommodation work boat (“AWB”), SK Line 600 (“Vessel”) from Nam Cheong International Ltd (“Acquisition”) for a purchase consideration amounting to USD30.0 million equivalent to RM95.7 million only.

 

 

DETAILS OF THE VESSEL

 

The Vessel has a maximum deadweight of approximately 3,500 tonne, equipped with a dynamic positioning system to class requirement for DPS-2 notation (“DP2”) and a four-point mooring system. It can accommodate up to 200 passengers. It is also equipped with a 50-tonne crane as well as approximately 1,000msq of clear deck space for carrying out maintenance or construction of equipment.

 

 

APPROVALS REQUIRED

 

None required.

 

 

RATIONALE

 

The Vessel is our first AWB for our fleet. The Acquisition is in line with our fleet expansion programme where we expect to selectively diversify our fleet composition to enable us to manage our fleet according to our customers’ requirements and capture growth potential in the industry, as well as to move up the offshore support vessel value chain by adding vessels to our fleet that are equipped with DP2 to be able to operate and provide marine support services in harsher weather conditions and deeper waters.

 

  

FINANCIAL EFFECTS

 

The Acquisition is not expected to have any effects on the share capital and shareholding structure of our Company and no material effect on the net assets of our company. However, the Acquisition is expected to contribute positively to the earnings of our group of companies for the financial year ending 31 December 2014 and beyond.

 

 

DIRECTORS' AND SHAREHOLDERS' INTEREST

 

None of the Directors, major shareholders of ICON and/or persons connected with the Directors or its major shareholders has any interest, direct or indirect in the Acquisition.

 

 

DIRECTORS' STATEMENT

 

Our Board is of the opinion that the Acquisition is in the best interest of our Company.

 

 

The announcement is dated 20 August 2014.



ICON - OTHERS (Amended Announcement)

Announcement Type: General Announcement
Company NameICON OFFSHORE BERHAD  
Stock Name ICON  
Date Announced20 Aug 2014  
CategoryGeneral Announcement
Reference NoIO-140820-B8014

TypeAnnouncement
SubjectOTHERS
DescriptionDISPOSAL OF VESSEL

INTRODUCTION

 

Our Board of Directors (“Board”) wishes to announce that Icon Ship Management Sdn. Bhd. our wholly owned subsidiary, recently entered into a memorandum of agreement (“MOA”) to dispose of a vessel to Hadi Hamad Al-Hammam Est., Marine Services, a company incorporated in the Kingdom of Saudi Arabia, for a total cash consideration of USD3,880,000.00 (“Sale Consideration”) (“Proposed Disposal”).

 

 

DETAILS OF THE VESSEL

 

Tanjung Manis (the “Vessel”) is one of our vessels classified as a utility vessel (“UV”). It is a much smaller version of the straight supply vessel but without cargo tanks for drilling fluids or cement. UVs primarily operate in shallow water and are typically used to transport deck cargo, fuel, fresh water, food provision and personnel. The Vessel was built in year 2005 with 3,484 brake horse power.

 

 

BASIS OF ARRIVING AT THE SALE CONSIDERATION

 

The Sale Consideration was arrived at on an arm’s length basis in line with the current market price for such type of vessel. The payment terms of the Proposed Disposal are in the following manner:

  1. The Sale Consideration minus the amount of the deposit amounting to USD388,000.00 shall be paid in full free of bank charges to the escrow agent for the purposes of on-payment by the escrow agent on delivery of the Vessel, but not later than 3 banking days after the Vessel is in every respect physically ready for delivery in accordance with the terms and conditions of the MOA; and
  2. Notice of Readiness has been given.

 

COMPLETION OF PROPOSED DISPOSAL

 

The Proposed Disposal is expected to be completed by the end of third quarter 2014.

 

 

APPROVALS REQUIRED

 

None required.

 

 

RATIONALE

 

The Proposed Disposal is in line with our fleet renewal programme where we expect to replace some of our lower specification vessels with vessels that have greater engine capacity and which are equipped with dynamic positioning capabilities to ensure that our fleet is up-to-date and have the capability to operate in harsher weather conditions and deeper waters, in order to manage our fleet portfolio into optimal fleet size, age and composition.

 

 

FINANCIAL EFFECTS

The Proposed Disposal is not expected to have any material effect on the earnings and net assets of the Company. Notwithstanding this, the disposal of the Vessel is not expected to have any effects on the share capital and shareholding structure of the Company.

 

DIRECTORS' AND SHAREHOLDERS' INTEREST 

 

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

 

 

DIRECTORS' RECOMMENDATION

 

Our Board is of the opinion that the Proposed Disposal is in the best interest of our Company.

 

 

DOCUMENTS AVAILABLE FOR INSPECTION

 

A copy of the MOA is available for inspection at the office of ICON at Level 12A, East Wing, The Icon, No. 1 Jalan 1/68F, Off Jalan Tun Razak, 55000 Kuala Lumpur, Malaysia for a period of three (3) months from the date of this announcement during normal office hours from Monday to Friday (except for public holidays).

 

This announcement is dated 20 August 2014.

 

 



MBMR - First Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameMBM RESOURCES BHD  
Stock Name MBMR  
Date Announced20 Aug 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoCK-140820-458C5

EX-date03/09/2014
Entitlement date05/09/2014
Entitlement time05:00:00 PM
Entitlement subjectFirst Interim Dividend
Entitlement descriptionTax exempt first interim dividend of 4.0 sen per ordinary share under the single-tier system in respect of the financial year ending 31 December 2014
Period of interest payment to
Financial Year End31/12/2014
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noTricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City, Lingkaran Syed Putra
59200 Kuala Lumpur
Tel: 03-2264 3883
Fax: 03-2282 1886
Payment date 19/09/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers05/09/2014 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.04


AHEALTH - First Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameAPEX HEALTHCARE BERHAD  
Stock Name AHEALTH  
Date Announced20 Aug 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoCC-140819-71876

EX-date12/09/2014
Entitlement date17/09/2014
Entitlement time05:00:00 PM
Entitlement subjectFirst Interim Dividend
Entitlement descriptionInterim Single-Tier Dividend of 3.50 sen per share in respect of the financial year ending 31 December 2014.
Period of interest payment to
Financial Year End31/12/2014
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noBoardroom Corporate Services (KL) Sdn Bhd
Lot 6.05, Level 6, KPMG Tower
8 First Avenue, Bandar Utama
47800 Petaling Jaya
Selangor Darul Ehsan
Tel. No.: (03) 7720 1188
Fax. No.: (03) 7720 1111
Payment date 30/09/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers17/09/2014 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.035


TOMYPAK - Changes in Sub. S-hldr's Int. (29B) - LIM HUN SWEE

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTOMYPAK HOLDINGS BERHAD  
Stock Name TOMYPAK  
Date Announced20 Aug 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140820-65271

Particulars of substantial Securities Holder

NameLIM HUN SWEE
Address1189 JALAN MEWAH, BANDAR PUTRA, 81000 KULAI, JOHOR.
NRIC/Passport No/Company No.E3461986E
Nationality/Country of incorporationSINGAPOREAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderAS ABOVE

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired15/08/2014
20,000
 
Acquired20/08/2014
35,000
 

Circumstances by reason of which change has occurredACQUISITION
Nature of interestDIRECT
Direct (units)13,994,000 
Direct (%)12.8 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change13,994,000
Date of notice20/08/2014


LYSAGHT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameLYSAGHT GALVANIZED STEEL BERHAD  
Stock Name LYSAGHT  
Date Announced20 Aug 2014  
CategoryChange in Boardroom
Reference NoCC-140819-51843

Date of change20/08/2014
NameDatuk Ir. Hamzah bin Hasan
Age63
NationalityMalaysian
Type of changeAppointment
DesignationDirector
DirectorateIndependent & Non Executive
Qualifications(i)Diploma in Civil Engineering - Technical College, Kuala Lumpur
(ii)B.SC.(Hons) Engineering (Civil Engineering) - Glasgow University, United Kingdom
(iii) M.SC. (Construction Management) - Loughborough University, United Kingdom 
Working experience and occupation He started his career as a Civil Engineer in Public Works Department from 1975 and was assigned to Jabatan Kerja Raya ("JKR") District, State and Federal Levels. He was entrusted by the Government as Construction Director of KL International Airport Berhad (KLIAB). He opted for an early retirement from the Government after the completion of KL International Airport in 1998 and joined a renowned construction company listed on the Kuala Lumpur Stock Exchange as Group Managing Director. In 2003, he was appointed as Chief Executive Officer of the Construction Industry Development Board (CIDB), Malaysia. His tenure as the Chief Executive Officer of CIDB ended 31 December 2010. The Minister of Works appointed him as Chairman of CIDB, beginning from 1 January 2011 up to 17 February 2014. On 17 February 2014, under the direction of Minister of Works, he was appointed as the Chairman of the Malaysian Highway Authority (MHA). 
Directorship of public companies (if any)IJM Corporation Berhad - Non Executive Director 
Family relationship with any director and/or major shareholder of the listed issuerNo 
Any conflict of interests that he/she has with the listed issuerNo 
Details of any interest in the securities of the listed issuer or its subsidiariesNo 

Remarks :
Gender: Male


LYSAGHT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameLYSAGHT GALVANIZED STEEL BERHAD  
Stock Name LYSAGHT  
Date Announced20 Aug 2014  
CategoryChange in Boardroom
Reference NoCC-140819-52409

Date of change20/08/2014
NameAik Siaw Kong
Age64
NationalityMalaysian
Type of changeAppointment
DesignationDirector
DirectorateIndependent & Non Executive
QualificationsHe graduated from University of Malaya with Bachelor of Civil Engineering (Hons) in 1975. In 2001, he obtained his MSc (Highway & Transportation) from UPM.  
Working experience and occupation He began his work career with the Public Works Department and had served as a Project Engineer on the construction of Kuantan-Segamat Highway (2 years), highway planning engineer with the Ministry of Works (3 years) and Highway Design Engineer with the Road Design Section JKR HQ (6 years). He has also served as an Assistant Director of Operations with the Malaysian Highway Authority for coordinating the planning, design and construction of the North-South Toll Expressway section in Kedah, Penang and Perak (5 years). From 1990 to 1994, he was the Senior Assistant Director of Roads Maintenance Section, overseeing the planning, budgeting and implementation of all maintenance programme of Federal Roads in Malaysia. In 1995, he joined the private sector and was involved in engineering consultancy services, specialising in road design and road safety auditing. He is an accredited Road Safety Auditor with JKR since 2005.  
Directorship of public companies (if any)No 
Family relationship with any director and/or major shareholder of the listed issuerNo 
Any conflict of interests that he/she has with the listed issuerNo 
Details of any interest in the securities of the listed issuer or its subsidiariesNo 

Remarks :
Gender: Male


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