September 22, 2014

Company announcements: GENTING, TAS, PAVREIT, AXIATA, BRAHIMS, MITRA, WCT, IDEALUBB, FARMBES

GENTING - Changes in Sub. S-hldr's Int. (29B) - Oppenheimer Acquisition Corp.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGENTING BERHAD  
Stock Name GENTING  
Date Announced22 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoGG-140922-ABC30

Particulars of substantial Securities Holder

NameOppenheimer Acquisition Corp.
Address225 Liberty Street
New York
New York, 10281
NRIC/Passport No/Company No.2233978
Nationality/Country of incorporationUnited States of America
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderOFI Institutional Emerging Markets Equity Fund, LP
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
[Managed by OFI Global Institutional, Inc. (“OFI Global”)]

Stichting Pensioenfonds Hoogovens
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI Global)

TA IDEX Oppenheimer Developing Markets Funds
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
[Managed by OppenheimerFunds, Inc. (“OFI”)]

Oppenheimer Developing Markets Fund
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI)

PF Oppenheimer Emerging Markets Fund
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI)

Pacific Select Emerging Markets Fund
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI)

OFITC Emerging Markets Equity Fund
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI Global)

Oppenheimer Global Allocation Fund
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI)

MML/Fern Street LLC
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI)

Heptagon Oppenheimer Developing Markets SRI Fund
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI Global)

Heptagon OFI Developing Markets
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI Global)

KVW HSBC INKA Emerging Markets Portfolio (aka Oppenheimer Institutional Asset Management)
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI Global)

Osool/SIO Bahrain Emerging Markets Equity Portfolio
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI Global)

MassMutual Premier Strategic Emerging Markets Fund
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI Global)

MassMutual Strategic Emerging Markets Fund
Two World Financial Center
225 Liberty Street New York
New York 10281, United States
(Managed by OFI)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired17/09/2014
626,200
 

Circumstances by reason of which change has occurredChange of the indirect/deemed interest of Oppenheimer Acquisition Corp. (“OAC”) in Genting Berhad (“GENT”) due to the following transactions :

(a) the acquisition of 9,000 ordinary shares in GENT by OFI Institutional Emerging Markets Equity Fund, LP, a fund which is managed by OFI Global Institutional, Inc. ("OFI Global"), the indirect subsidiary of OAC;

(b) the acquisition of 600 ordinary shares in GENT by Stichting Pensioenfonds Hoogovens, a fund which is managed by OFI Global, the indirect subsidiary of OAC;

(c) the acquisition of 11,300 ordinary shares in GENT by TA IDEX Oppenheimer Developing Markets Funds, a fund which is managed by OppenheimerFunds, Inc. ("OFI"), the direct subsidiary of OAC;

(d) the acquisition of 547,000 ordinary shares in GENT by Oppenheimer Developing Markets Fund, a fund which is managed by OFI, the direct subsidiary of OAC;

(e) the acquisition of 2,000 ordinary shares in GENT by PF Oppenheimer Emerging Markets Fund, a fund which is managed by OFI, the direct subsidiary of OAC;

(f) the acquisition of 21,400 ordinary shares in GENT by Pacific Select Emerging Markets Fund, a fund which is managed by OFI, the direct subsidiary of OAC;

(g) the acquisition of 16,900 ordinary shares in GENT by OFITC Emerging Markets Equity Fund, a fund which is managed by OFI Global, the indirect subsidiary of OAC;

(h) the acquisition of 600 ordinary shares in GENT by MML/Fern Street LLC, a fund which is managed by OFI, the direct subsidiary of OAC;

(i) the acquisition of 900 ordinary shares in GENT by Heptagon Oppenheimer Developing Markets SRI Fund, a fund which is managed by OFI Global, the indirect subsidiary of OAC;

(j) the acquisition of 12,000 ordinary shares in GENT by Heptagon OFI Developing Markets, a fund which is managed by OFI Global, the indirect subsidiary of OAC;

(k) the acquisition of 900 ordinary shares in GENT by KVW HSBC INKA Emerging Markets Portfolio (aka Oppenheimer Institutional Asset Management), a fund which is managed by OFI Global, the indirect subsidiary of OAC;

(l) the acquisition of 1,000 ordinary shares in GENT by Osool/SIO Bahrain Emerging Markets Equity Portfolio, a fund which is managed by OFI Global, the indirect subsidiary of OAC;

(m) the acquisition of 1,800 ordinary shares in GENT by MassMutual Premier Strategic Emerging Markets Fund, a fund which is managed by OFI Global, the indirect subsidiary of OAC; and

(n) the acquisition of 800 ordinary shares in GENT by MassMutual Strategic Emerging Markets Fund, a fund which is managed by OFI, the direct subsidiary of OAC.
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)189,449,100 
Indirect/deemed interest (%)5.0971 
Total no of securities after change189,449,100
Date of notice19/09/2014

Remarks :
Oppenheimer Acquisition Corp. is an indirect substantial shareholder through the direct shareholdings of the various funds (collectively, “Funds”) which are managed by its subsidiaries, OFI Global Institutional, Inc. (“OFI Global”) and OppenheimerFunds, Inc. (“OFI”). The voting rights of the shares in Genting Berhad which are registered in the name of the Funds are controlled by OFI Global or OFI, as the case may be.

Form 29B dated 19 September 2014 was received on 22 September 2014.


TAS - OTHERS Joint Venture Between TA Ventures (L) Ltd and Chan Baihang for the Building and Sale of Offshore Support Vessels (“Joint Venture”)

Announcement Type: General Announcement
Company NameTAS OFFSHORE BERHAD  
Stock Name TAS  
Date Announced22 Sept 2014  
CategoryGeneral Announcement
Reference NoCC-140922-58777

TypeAnnouncement
SubjectOTHERS
DescriptionJoint Venture Between TA Ventures (L) Ltd and Chan Baihang for the Building and Sale of Offshore Support Vessels (“Joint Venture”)

1. INTRODUCTION

The Board of Directors of TAS Offshore Berhad (TAS) wishes to announce that its wholly owned subsidiary TA Ventures (L) Ltd had on 19 September2014 entered into a Joint Venture Agreement (JV) with Chan Baihang to build and sell offshore support vessels.

2. DETAILS OF THE JOINT VENTURE

TA Ventures (L) Ltd had entered into a Joint Venture Agreement with Chan Baihang for the construction of offshore support vessels in China for sale, whereby Chan Baihang will make financial contribution of forty percent (40%) towards the respective payments due under the building contracts for the vessels whereas TA Ventures (L) will contribute the remaining sixty percent (60%) thereto.

The proceeds from sale of these vessels after making payments to the Shipyard in China per building contract and the incidental related expenses, will be distributed in the ratio of sixty percent (60%) to TA VENTURES (L) Ltd and forty percent (40%) to Chan Baihang.

3. INFORMATION ON CHAN BAIHANG

Chan Baihang, a businessman hails from Guangdong, China, is involved in numerous businesses. He owns transportation companies, construction firm, and is also involves with both chartering and building for sale of offshore vessels.

4 ESTIMATED TOTAL COST OF PROJECT

The estimated total cost of the Joint Venture is around Ringgit Malaysia One Hundred and Twenty Two million.

5. RATIONALE FOR THE JOINT VENTURE

TAS Group is involved with built to stock operation. This operation is capital intensive and the Joint Venture will enable TAS Group to move faster in this direction and at the same time minimise the risk exposure to this operation.

6. PROSPECTS OF THE JV

Built-to stock operation results in shorter delivery period for the prospective buyers. The JV will enable TAS to move further and faster in this operation mode. The vessels concerned are in demand by the oil and gas industry and thus, we foresee a good prospect for this JV.

7. RISK FACTOR

The Directors do not foresee any extraordinary or material risk factors pertaining to the JV, save for the business/operating risks normally associated with the shipbuilding industry.

8. EFFECTS OF THE JV

8.1 Share Capital and substantial shareholders’ shareholdings

The JV will not have any effect on the issued and paid-up share capital of TAS as well as the substantial shareholders’ shareholdings in TAS.

8.2 Earnings and earnings per share

The JV is expected to contribute positively to TAS's earnings for the financial years ending 31 May 2015 and 2016.

8.3 Net assets and Gearing

The JV is not expected to have any material effect on the net assets per share and gearing of TAS for the financial year ending 31 May 2015.

9. APPROVALS REQUIRED

The JV is not subject to the approval of shareholders of TAS nor any relevant authorities.

10. DIRECTORS AND MAJOR SHAREHOLDERS’ INTEREST AND PERSONS CONNECTED TO DIRECTORS AND MAJOR SHAREHOLDERS

None of the directors, major shareholders or persons connected with them has any interest, direct or indirect, in the Joint Venture.

11. ESTIMATED TIMEFRAME FOR COMPLETION

Barring any unforeseen circumstances, the JV is expected to be completed by the end of 2016.

12. BOARD OF DIRECTORS STATEMENT

Having considered the rationale and all other aspects of the JV, the Board of Directors of TAS is of the opinion that the JV is in the best interest of TAS.

This announcement is dated 22 September 2014.



PAVREIT - OTHERS PAVILION REAL ESTATE INVESTMENT TRUST (“PAVILION REIT” OR “FUND”) EXTENSION OF TIME TO COMPLY WITH PARAGRAPH 10.03 OF THE GUIDELINES ON REAL ESTATE INVESTMENT TRUSTS (“REIT GUIDELINES”) IN RESPECT OF THE REVALUATION OF ALL THE REAL ESTATES IN PAVILION REIT’S INVESTMENT PORTFOLIO

Announcement Type: General Announcement
Company NamePAVILION REAL ESTATE INVESTMENT TRUST  
Stock Name PAVREIT  
Date Announced22 Sept 2014  
CategoryGeneral Announcement
Reference NoMI-140922-64995

TypeAnnouncement
SubjectOTHERS
DescriptionPAVILION REAL ESTATE INVESTMENT TRUST (“PAVILION REIT” OR “FUND”)

EXTENSION OF TIME TO COMPLY WITH PARAGRAPH 10.03 OF THE GUIDELINES ON REAL ESTATE INVESTMENT TRUSTS (“REIT GUIDELINES”) IN RESPECT OF THE REVALUATION OF ALL THE REAL ESTATES IN PAVILION REIT’S INVESTMENT PORTFOLIO

On behalf of Pavilion REIT Management Sdn Bhd, Maybank Investment Bank Berhad made an application to the Securities Commission Malaysia (“SC”) on 10 September 2014 to seek an extension of time commencing from 18 October 2014 up to and including 31 December 2014 to comply with Paragraph 10.03 of the REIT Guidelines in respect of the requirement to revalue all the real estates in Pavilion REIT’s investment portfolio once every three (3) years (“Proposed Extension of Time”).

The SC has, vide its letter dated 19 September 2014, approved the Proposed Extension of Time in relation to the properties listed below:

(i) Pavilion Kuala Lumpur Mall; and

(ii) Pavilion Tower.

This announcement is dated 22 September 2014.



AXIATA - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced22 Sept 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoAG-140922-6CF81

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalPerformance-Based Employee Share Option Scheme
No. of shares issued under this corporate proposal726,500
Issue price per share ($$)MYR 0.000
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units8,574,760,152
CurrencyMYR 8,574,760,152.000
Listing Date24/09/2014

Remarks :
[Issue price per share ($$): 68,900 shares at RM1.81,13,600 shares at RM3.15, 131,800 shares at RM3.45 and 512,200 shares at RM5.07]


BRAHIMS - Changes in Sub. S-hldr's Int. (29B) - Koperasi Permodalan FELDA Malaysia Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBRAHIM'S HOLDINGS BERHAD  
Stock Name BRAHIMS  
Date Announced22 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140922-42410

Particulars of substantial Securities Holder

NameKoperasi Permodalan FELDA Malaysia Berhad
AddressTingkat 2, Wisma FELDA, Jalan Perumahan Gurney 54000 Kuala Lumpur.
NRIC/Passport No/Company No.see remarks
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderKoperasi Permodalan FELDA Malaysia Berhad
Tingkat 2, Wisma FELDA, Jalan Perumahan Gurney 54000 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired19/09/2014
1,000,000
 

Circumstances by reason of which change has occurredBought of Shares
Nature of interestDirect Interest
Direct (units)15,282,450 
Direct (%)6.47 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change15,282,450
Date of notice22/09/2014

Remarks :
The Company no. is Koop Negara No. 39


MITRA - OTHERS Mitrajaya Holdings Berhad ("MHB" or the "Company") Pembinaan Mitrajaya Sdn Bhd awarded Main Contract Works for Raffles American School at Lot 189155, Nusajaya, Mukim Pulai Daerah Johor Bahru.

Announcement Type: General Announcement
Company NameMITRAJAYA HOLDINGS BERHAD  
Stock Name MITRA  
Date Announced22 Sept 2014  
CategoryGeneral Announcement
Reference NoCA-140922-61315

TypeAnnouncement
SubjectOTHERS
DescriptionMitrajaya Holdings Berhad ("MHB" or the "Company")
Pembinaan Mitrajaya Sdn Bhd awarded Main Contract Works for Raffles American School at Lot 189155, Nusajaya, Mukim Pulai Daerah Johor Bahru.

The Board of Directors of Mitrajaya Holdings Berhad (“MHB” or the “Company”) is pleased to announce that its wholly owned subsidiary, Pembinaan Mitrajaya Sdn Bhd has on 19 September 2014 accepted from Raffles American School, the award for the proposed main contract works for academic blocks, boarding facilities, support facilities and outdoor sport facilities at Lot 189155, Nusajaya, Mukim Pulai Daerah Johor Bahru for a contract sum of RM269,783,000.00 only (“the Contract”).

The Contract is for duration of 80 weeks and is expected to be completed within 80 weeks of commencement of work order.

The Contract is expected to contribute positively to MHB Group’s future earnings and there is no material effect for the financial year ending 31 December 2014.

None of the Directors or major shareholders of the Company and persons connected with such Directors or major shareholders have any interest in the Contract.

This announcement is dated 22 September 2014.



WCT - 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 NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced22 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-140922-E0D44

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPFACT1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (88,011,710 Shares)
Employees Provident Fund Board (1,722,125 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board(HDBS)(6,958,995 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (KAF FM) (2,289,500 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) (5,777,000 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (PHEIM) (940,000 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) (5,709,350 Shares)
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ARIM) (2,200,000 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired17/09/2014
218,300
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect
Direct (units)113,608,680 
Direct (%)10.51 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change113,608,680
Date of notice22/09/2014

Remarks :
Form 29B dated 18 September 2014 was received on 22 September 2014.


WCT - 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 NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced22 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoWW-140922-DF766

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 Shares of RM0.50 each
Name & address of registered holderKumpulan Wang Persaraan (DiPerbadankan) (63,448,590 Shares)
Fund Managers (6,864,015 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired11/09/2014
67,960
 

Circumstances by reason of which change has occurredAcquisition of Shares
Nature of interestDirect
Direct (units)70,312,605 
Direct (%)6.5 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change70,312,605
Date of notice22/09/2014

Remarks :
Form 29B dated 19 September 2014 was received on 22 September 2014.


IDEALUBB - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameIDEAL UNITED BINTANG BERHAD  
Stock Name IDEALUBB  
Date Announced22 Sept 2014  
CategoryGeneral Announcement
Reference NoOS-140922-63065

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionIDEAL UNITED BINTANG BERHAD (FORMERLY KNOWN AS UNITED BINTANG BERHAD) (“IUBB” OR “THE COMPANY”)

• PROPOSED ACQUISITION
• PROPOSED DIVERSIFICATION
(COLLECTIVELY, THE “PROPOSALS”

The defined terms used in this announcement shall carry the same meaning as defined in the earlier announcements.

 

Further to the earlier announcements in relation to the Proposals, M&A Securities Sdn Bhd on behalf of the Board of the Company wishes to announce that the Purchaser and Vendor have mutually agreed to further extend the completion date of the SPA to 20 November 2014 without interest.

 

This announcement is dated 22 September 2014.



FARMBES - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameFARM'S BEST BERHAD  
Stock Name FARMBES  
Date Announced22 Sept 2014  
CategoryGeneral Announcement
Reference NoOS-140922-48360

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionFARM’S BEST BERHAD (“FBB” OR THE “COMPANY”)

• PROPOSED PAR VALUE REDUCTION;
• PROPOSED ACQUISITION;
• PROPOSED SECURITIES EXCHANGE;
• PROPOSED OFFER FOR SALE;
• PROPOSED SPECIAL ISSUE;
• PROPOSED AMENDMENTS; AND
• PROPOSED TRANSFER OF LISTING STATUS

(COLLECTIVELY, THE “PROPOSALS”)

(All abbreviations used in this announcement are defined in the announcement dated 12 June 2014)

Reference is made to the earlier announcements in relation to the Proposals.

On behalf of the Board, M&A Securities wishes to announce that the application to the SC for the Proposals has been submitted on even date.

This announcement is dated 22 September 2014.



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