August 6, 2014

Company announcements: PESTECH, CBIP, HIGH5, HAIO, SPSETIA, FITTERS, FSBM

PESTECH - Final Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NamePESTECH INTERNATIONAL BERHAD  
Stock Name PESTECH  
Date Announced6 Aug 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoOI-140805-32299

EX-date18/08/2014
Entitlement date20/08/2014
Entitlement time05:00:00 PM
Entitlement subjectFinal Dividend
Entitlement descriptionSingle-tier final dividend of 4.0 sen per share
Period of interest payment to
Financial Year End31/12/2013
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 noSecurities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium,
Jalan Damanlela,
Pusat Bandar Damansara,
Damansara Heights,
50490 Kuala Lumpur
Tel No. : 03-2084 9000
Payment date 17/09/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers20/08/2014 
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

Remarks :
On 26 June 2014, the Board of Directors (“Board’) of PESTECH International Berhad (“PESTECH”) had determined that the Dividend Reinvestment Plan (“3rd DRP”) will apply to the entire single tier final dividend of 4.0 sen per share for the financial year ended 31 December 2013 (“Final Dividend”) (as approved by the shareholders on 26 June 2014 at the Company’s Third Annual General Meeting) which will provide the shareholders of the Company with the option to reinvest the Final Dividend into new ordinary shares of RM0.50 each in PESTECH (“PESTECH Shares”).

On behalf of the Board, Bank Islam Malaysia Berhad had, on even date announced that the issue price for the new shares to be issued pursuant to the implementation of the 3rd DRP in respect of the Final Dividend is RM3.42 per PESTECH Share.

This announcement is dated 6 August 2014.


CBIP - OTHERS CB INDUSTRIAL PRODUCT HOLDING BERHAD -Contract Agreement between Modipalm Engineering Sdn. Bhd. and PT. Jas Mulia

Announcement Type: General Announcement
Company NameCB INDUSTRIAL PRODUCT HOLDING BERHAD  
Stock Name CBIP  
Date Announced6 Aug 2014  
CategoryGeneral Announcement
Reference NoCI-140806-62926

TypeAnnouncement
SubjectOTHERS
DescriptionCB INDUSTRIAL PRODUCT HOLDING BERHAD
-Contract Agreement between Modipalm Engineering Sdn. Bhd. and PT. Jas Mulia

The Board of Directors (“Board”) of CB Industrial Product Holding Berhad (“CBIP”) is pleased to announce that Modipalm Engineering Sdn. Bhd., a wholly-owned subsidiary of CBIP, has on 4 August 2014 entered into a Contract Agreement with PT. Jas Mulia (“Agreement”) for continuous sterilizer palm oil mill of capacity of 60 MT FFB/Hour complete with Construction, Machineries and Accessories, at a total contract price of USD 12,879,000 (equivalent to RM41.1 million).

The Agreement is expected to contribute positively to the earnings of CBIP Group for the financial year ending 31 December 2014 and 31 December 2015.

The Board does not foresee any exceptional risk in relation to the Agreement other than the normal risks associated with our operations.

None of the Directors and/or major shareholders of CBIP Group and/or persons connected to them have any interests, directly or indirectly, in the Agreement.

This announcement is dated 6 August 2014.



HIGH5 - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN

Announcement Type: General Announcement
Company NameHIGH-5 CONGLOMERATE BERHAD  
Stock Name HIGH5  
Date Announced6 Aug 2014  
CategoryGeneral Announcement
Reference NoOS-140806-55819

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
DescriptionHIGH-5 CONGLOMERATE BERHAD (“HIGH-5” OR “COMPANY”)

PROPOSED CAPITAL REDUCTION;
PROPOSED CONSOLIDATION;
PROPOSED SHARE PREMIUM REDUCTION;
PROPOSED DEBT SETTLEMENT;
PROPOSED RIGHTS ISSUE WITH WARRANTS;
PROPOSED ISSUANCE OF SECURITIES PURSUANT TO THE INTERIM FUNDING;
PROPOSED ISSUANCE OF SECURITIES PURSUANT TO THE SECOND INTERIM FUNDING;
PROPOSED M&A AMENDMENT;
PROPOSED LIQUIDATION OF SUBSIDIARY COMPANIES; AND
PROPOSED ESOS

(COLLECTIVELY REFERRED TO AS THE “REVISED PROPOSED REGULARISATION PLAN”)

(All definitions used herein shall have the same meanings as the words and expressions defined in the announcements dated 21 February 2014, except where the context otherwise requires or where otherwise defined.)
We refer to the Company's announcement on 21 February 2014 in relation to the Revised Proposed Regularisation Plan.

On behalf of the Board of Directors of High-5 (“
Board”), Inter-Pacific Securites Sdn Bhd (“IPS”) wishes to announce that after due consideration of all facts and circumstances, Bursa Malaysia Securities Berhad (“Bursa Securities”) has decided to reject the Company's Revised Proposed Regularisation Plan as the Revised Proposed Regularisation Plan does not comply with Paragraph 3.1(a) of Practice Note 17 of the Main Market Listing Requirements of Bursa Securities (“MMLR”) (“PN17”) which specifies that the regularisation plan must be sufficiently comprehensive and capable of resolving all problems, financial or otherwise that had caused the Company to trigger the Prescribed Criteria (as defined in the MMLR). In deciding to reject High-5’s Revised Proposed Regularisation Plan, Bursa Securities has considered, amongst others, the following:

(i) As part of the Revised Proposed Regularisation Plan, High-5 and its subsidiaries ("High-5 Group") would continue to rely on its existing business to turnaround the Company's financial condition. It is noted that the Company had since 29 February 2012 implemented certain turnaround strategies that forms part and parcel of the Company's Revised Proposed Regularisation Plan including streamlining of operations, introduction of new products and an interim fund raising by a subsidiary of High-5. Nevertheless, High-5 Group continues to register losses for the financial year ended 31 October 2013 as well as for the 6-month financial period ended 30 April 2014, resulting in 9 consecutive quarters of losses since triggering the criteria of PN17.
      In light of the continuing losses, the Company and its Principal Adviser have failed to address to the satisfaction of Bursa Securities on the ability of the Company's Revised Proposed Regularisation Plan to comply with the requirements of PN17, in particular with paragraph 5.2 (c) of PN17, which requires the Company to record a net profit in two (2) consecutive quarterly results immediately after the completion of the implementation of the plan.

      Further, the Company and its Principal Adviser have not demonstrated to the satisfaction of Bursa Securities on the ability of the Revised Proposed Regularisation Plan to generate, sustain and grow the revenue and profitability of the core business of the High-5 Group in the future;

(ii) Lack of certainty on the Company's ability to continue the operations of its manufacturing facilities at its existing location and to relocate its manufacturing facilities to a new site as well as the ability to raise further funds from the interim funding arrangements for its operations, which may hamper the Company's plans to turnaround the financial condition of High-5 Group; and

(iii) High-5 Group's accumulated losses stood at RM378.3 milion as at 31 October 2012 will be reduced to approximately RM24.8 million based on High-5's Revised Proposed Regularisation Plan. However, it is noted that based on the latest financial results as at 30 April 2014, the accumulated losses of High-5 Group stood at RM450.13 million. In view of the latest financial position of High-5 Group, it is uncertain on the ability of the High-5 Group to fully eliminate the accumulated losses under the Revised Proposed Regularisation Plan in the near future.

The securities of the Company shall be removed from the Official List of Bursa Securities on such date as may be specified by Bursa Securities, subject to the Company’s right to appeal against the rejection of the regularisation plan pursuant to Paragraph 8.04(4) of the MMLR.

The Board will deliberate on the next course of action and will make the relevant announcement in due course.

This announcement is dated 6 August 2014.


HIGH5 - PRACTICE NOTE 17 / GUIDANCE NOTE 3:SUSPENSION AND/OR DELISTING

Announcement Type: General Announcement
Company NameHIGH-5 CONGLOMERATE BERHAD  
Stock Name HIGH5  
Date Announced6 Aug 2014  
CategoryGeneral Announcement
Reference NoOS-140806-62710

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
SUSPENSION AND/OR DELISTING
DescriptionHIGH-5 CONGLOMERATE BERHAD (“HIGH-5” OR “COMPANY”)

SUSPENSION AND/OR DELISTING OF HIGH-5
We refer to the Company’s First Announcement pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”) ("PN17") dated 29 February 2012 and announcement made by the Company on 21 February 2014 in relation to the Revised Proposed Regularisation Plan (“Announcements”). Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those in the Announcements.
      The Board of Directors of High-5 (“Board”) wishes to announce that the Company has received a suspension and delisting notice dated 6 August 2014 from Bursa Malaysia Securities Berhad (“Bursa Securities”) wherein Bursa Securities has noted that High-5 had submitted a proposed regularisation plan to Bursa Securities for approval vide letters dated 29 November 2013 and 21 February 2014 as well as subsequent correspondences with the latest correspondence being on 27 June 2014 and Bursa Securities had vide its letter dated 5 August 2014 rejected the Company’s proposed regularization plan.

      In the circumstances and pursuant to Paragraph 8.04(5) of the MMLR:

      a) the trading in the securities of the Company will be suspended with effect from 14 August 2014; and

      b) the securities of the Company will be de-listed on 10 September 2014 unless an appeal against the rejection of the regularisation plan and de-listing is submitted to Bursa Securities on or before 5 September 2014 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

      In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 10 September 2014 shall be deferred pending the decision on the Company’s appeal.

      With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

      Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

      Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.

      The Board will deliberate on the next course of action and will make the relevant announcement in due course.
This announcement is dated 6 August 2014.


HIGH5 - HIGH5-RESUMPTION OF TRADING

Announcement Type: Listing Circular
Company NameHIGH-5 CONGLOMERATE BERHAD  
Stock Name HIGH5  
Date Announced6 Aug 2014  
CategoryListing Circular
Reference NoTE-140806-57219

LISTING'S CIRCULAR NO. L/Q : 71206 OF 2014

Further to Listing's Circular No. L/Q 71203 of 2014, kindly be advised that trading in the above Company's shares will resume with effect from 9.00 a.m., Thursday, 7 August 2014.

Your attention is drawn to the Company's announcement dated 6 August 2014.


HAIO - OTHERS HAI-O ENTERPRISE BERHAD ("HAI-O" OR "THE COMPANY") -PROPOSED RENEWAL OF THE AUTHORITY FOR THE PURCHASE OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY

Announcement Type: General Announcement
Company NameHAI-O ENTERPRISE BERHAD  
Stock Name HAIO  
Date Announced6 Aug 2014  
CategoryGeneral Announcement
Reference NoCP-140805-65121

TypeAnnouncement
SubjectOTHERS
DescriptionHAI-O ENTERPRISE BERHAD ("HAI-O" OR "THE COMPANY")
-PROPOSED RENEWAL OF THE AUTHORITY FOR THE PURCHASE OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY

The Board of Directors of Hai-O wishes to announce that the present mandate granted by the shareholders of the Company at the Annual General Meeting ("AGM") held on 23 October 2013 to buy back its own shares will expire at the conclusion of the forthcoming 39th AGM.

In this regard, the Company proposes to seek from its shareholders at the forthcoming 39th AGM to be convened, a renewal of authority to purchase up to a maximum of ten per centum (10%) of the issued and paid-up share capital of the Company comprising of 202,190,282 ordinary shares of RM0.50 each as at 6 August 2014.

Statement detailing the Proposed Share Buy-Back will be despatched to the shareholders of Hai-O in due course.

This announcement is dated 6 August 2014.



SPSETIA - 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 NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced6 Aug 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-140806-155D1

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 - RM0.75
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AMUNDI)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (RHB INV)
Citigroup Nominees (Tempatan) Sdn Bhd (NOMURA)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ARIM)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed01/08/2014
500,000
 
Disposed01/08/2014
50,000
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect
Direct (units)163,700,126 
Direct (%)6.49 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change163,700,126
Date of notice04/08/2014

Remarks :
Form 29B received on 6/8/2014


SPSETIA - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced6 Aug 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-140806-F130C

Particulars of substantial Securities Holder

NameKUMPULAN WANG PERSARAAN (DIPERBADANKAN)
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary - RM0.75 per share
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed30/07/2014
553,000
 
Disposed31/07/2014
499,200
 
Acquired31/07/2014
2,335,800
 
Disposed31/07/2014
1,000,000
 

Circumstances by reason of which change has occurredDisposal and Acquisition of Shares in Open Market by KWAP's Fund Manager and KWAP.
Nature of interestDirect and Indirect
Direct (units)180,968,889 
Direct (%)7.18 
Indirect/deemed interest (units)8,947,654 
Indirect/deemed interest (%)0.35 
Total no of securities after change189,916,543
Date of notice05/08/2014

Remarks :
Form 29B received on 6/8/2014


FITTERS - Changes in Sub. S-hldr's Int. (29B) - Datin Goh Hooi Yin

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFITTERS DIVERSIFIED BERHAD  
Stock Name FITTERS  
Date Announced6 Aug 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140731-3A2F9

Particulars of substantial Securities Holder

NameDatin Goh Hooi Yin
Address27, Jalan Daya 2
Taman Daya Kepong
52100 Kuala Lumpur
NRIC/Passport No/Company No.600706-10-6368
Nationality/Country of incorporationMalaysian / Chinese
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderDato' Wong Swee Yee
27, Jalan Daya 2
Taman Daya Kepong
52100 Kuala Lumpur

HDM Nominees (Tempatan) Sendirian Berhad
- Pledged Securities Account for Wong Swee Yee
Levels 2, 3, 4, 7 & 9
Wisma Sri Pinang 60 Green Hall
10200 Georgetown
Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Transferred05/08/2014
13,575,777
 

Circumstances by reason of which change has occurredTransfer of shares from HDM Nominees (Tempatan) Sendirian Berhad - Pledged Securities Account for Wong Swee Yee to the securities account registered under the name of Dato' Wong Swee Yee
Nature of interestIndirect Interest
Direct (units)1,531,012 
Direct (%)0.495 
Indirect/deemed interest (units)94,750,672 
Indirect/deemed interest (%)30.63 
Total no of securities after change96,281,684
Date of notice05/08/2014

Remarks :
(a) Direct interest in 1,531,012 ordinary shares (0.495%) and;

(b) Indirect interest in 94,750,672 ordinary shares (30.63%) held under the name of:-

i) Dato' Wong Swee Yee - 20,119,783 ordinary shares

ii) Alliance Group Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Wong Swee Yee - 34,048,333 ordinary shares

iii) EB Nominees (Tempatan) Sendirian Berhad - Pledged Securities Account for Wong Swee Yee - 18,595,840 ordinary shares

iv) RHB Capital Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Wong Swee Yee - 17,986,716 ordinary shares

v) Kenanga Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Wong Swee Yee - 4,000,000 ordinary shares

The Form 29B was received by the Company on 6 August 2014.


FSBM - OTHERS Change of Telephone and Fax Number

Announcement Type: General Announcement
Company NameFSBM HOLDINGS BERHAD  
Stock Name FSBM  
Date Announced6 Aug 2014  
CategoryGeneral Announcement
Reference NoFH-140806-316BD

TypeAnnouncement
SubjectOTHERS
DescriptionChange of Telephone and Fax Number

Please be informed our telephone and fax number has changed to the following numbers :


Telephone no : 03-79322313
Fax no : 03-79321214


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