September 12, 2014

Company announcements: IDEAL, EDUSPEC, AMBANK, MAYBANK, MRCB, AFG, IJM, E&O, MELEWAR, ORIENT

IDEAL - IDEAL SUN CITY HOLDINGS BERHAD (“IDEAL” OR “THE COMPANY”) • PROPOSED PRIVATE PLACEMENT • PROPOSED ACQUISITIONS • PROPOSED DIVERSIFICATION • PROPOSED IASC • PROPOSED AMENDMENTS (COLLECTIVELY, THE “PROPOSALS”)

Announcement Type: General Announcement
Company NameIDEAL SUN CITY HOLDINGS BERHAD (ACE Market) 
Stock Name IDEAL  
Date Announced12 Sept 2014  
CategoryGeneral Announcement
Reference NoOS-140912-70991

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-140910-57639
SubjectIDEAL SUN CITY HOLDINGS BERHAD (“IDEAL” OR “THE COMPANY”)

• PROPOSED PRIVATE PLACEMENT
• PROPOSED ACQUISITIONS
• PROPOSED DIVERSIFICATION
• PROPOSED IASC
• PROPOSED AMENDMENTS

(COLLECTIVELY, THE “PROPOSALS”)
DescriptionIDEAL SUN CITY HOLDINGS BERHAD (“IDEAL” OR “THE COMPANY”)

• PROPOSED PRIVATE PLACEMENT
• PROPOSED ACQUISITIONS
• PROPOSED DIVERSIFICATION
• PROPOSED IASC
• PROPOSED AMENDMENTS

(COLLECTIVELY, THE “PROPOSALS”)
Query Letter Contents We refer to your Company's announcement dated 9 September 2014 in respect of
the above matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. A statement that the interested directors have abstained and/or will
abstain from deliberating and voting on the relevant resolution at the board
meeting.
2. The total amount transacted with the same related parties for the past 12
months.
3. A statement by the board of directors, excluding interested directors
stating whether the Proposed Acquisitions are in the best interests of the
Company, and where a director disagrees with such statement, a statement by the
director setting out the reasons and the factors taken into consideration in
forming that opinion.
4. The expected rental income per month from Property I.

Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully

TAN YEW ENG
Vice President, Issuers
Listing Division,Regulation

TYE/NMA
copy to:-General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax)

Reference is made to the announcement dated 9 September 2014 (“Announcement”) and the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 10 September 2014 (“Query”) which was only received at the registered office of the Company on 11 September 2014. Unless otherwise defined, capitalised expressions shall carry the same meanings as they were defined in the Announcement.

 

On behalf of the Company, M&A Securities Sdn Bhd wishes to furnish the following pursuant to the Query:

 

1. A statement that the interested directors have abstained and/or will abstain from deliberating and voting on the relevant resolution at the board meeting.

 

The Interested Major Shareholders, both of whom are the interested directors in the Proposed Acquisitions have abstained and will continue to abstain from deliberating and voting on the relevant resolution(s) relating to the Proposed Acquisitions at Board meetings.

 

 

2. The total amount transacted with the same related parties for the past 12 months.

 

Save for the Proposed Acquisitions and and certain recurrent related parties transactions as disclosed in the Company‟s circular to shareholders dated 21 May 2014. The Group has not entered into any transaction (not being a transaction within the ordinary course of business) with the Interested Major Shareholders for the 12 months preceding the date of the Announcement. 

 

 

3. A statement by the board of directors, excluding interested directors stating whether the Proposed Acquisitions are in the best interest of the Company, and where a director disagrees with such statement, a statement by the director setting out the reasons and the factors taken into consideration in forming that opinion.

 

The Board, excluding the Interested Major Shareholders whom are the interested directors, has considered all aspects of the Proposed Acquisitions, including inter alia, the terms and conditions of SPA I and SPA II, the market value of the subject properties as appraised by the Valuer and the prospects of the subject properties. After careful deliberation, the Board, excluding the Interested Major Shareholders is of the opinion that the Proposed Acquisitions are in the best interest of IDEAL.

 

 

4. The expected rental income per month from Property I.

 

Property I is expected to yield an estimated rental income of RM90,000 per month, based on an estimated average rate of RM3 per square foot per month.

This announcement is dated 12 September 2014.

 



EDUSPEC - Changes in Sub. S-hldr's Int. (29B) - Chung Chih-Chieh

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameEDUSPEC HOLDINGS BERHAD (ACE Market) 
Stock Name EDUSPEC  
Date Announced12 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140912-5A0AC

Particulars of substantial Securities Holder

NameChung Chih-Chieh
Address7F, No 141, Sec. 1
Kee Lung Road
Xinyi District
Taipei City 110
Taiwan
NRIC/Passport No/Company No.214739370
Nationality/Country of incorporationTaiwanese
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderChung Chih-Chieh
7F, No 141, Sec. 1
Kee Lung Road
Xinyi District
Taipei City 110
Taiwan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired08/09/2014
80,000
 
Acquired10/09/2014
10,025,000
 

Circumstances by reason of which change has occurredDealings in open market
Nature of interestDirect Interest
Direct (units)52,638,566 
Direct (%)6.88 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change52,638,566
Date of notice12/09/2014


AMBANK - 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 NameAMMB HOLDINGS BERHAD  
Stock Name AMBANK  
Date Announced12 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAH-140912-76ADE

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 RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
[Acquisition of 1,117,100 shares]

2. Employees Provident Fund Board

3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KIB)

4. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (MAYBAN)

5. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KAF FM)

6. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)

7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB PRI)

8. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ARIM)

9. 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)
Acquired09/09/2014
1,117,100
 

Circumstances by reason of which change has occurredAcquistion of shares.
Nature of interestDirect interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change416,205,237
Date of notice10/09/2014

Remarks :
This notice was received on 12 September 2014.


MAYBANK - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):OTHER ISSUE OF SECURITIES

Announcement Type: General Announcement
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced12 Sept 2014  
CategoryGeneral Announcement
Reference NoMI-140912-62323

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
DescriptionMALAYAN BANKING BERHAD (“MAYBANK”)

RECURRENT AND OPTIONAL DIVIDEND REINVESTMENT PLAN THAT ALLOWS THE SHAREHOLDERS OF MAYBANK TO REINVEST THE ELECTABLE PORTION OF THEIR INTERIM CASH DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDING 31 DECEMBER 2014 INTO NEW ORDINARY SHARES OF RM1.00 EACH IN MAYBANK (“MAYBANK SHARES”) (“9TH DRP”)

Reference is made to the announcements dated 28 August 2014 and 29 August 2014 in relation to the 9th DRP.

On 28 August 2014, the Board of Directors of Maybank (“Board”) announced its consolidated results for the financial period ended 30 June 2014, wherein the Board declared a single-tier interim cash dividend in respect of the financial year ending 31 December 2014 of RM0.24 per Maybank Share held (“Interim Cash Dividend”). The Board had also determined that the dividend reinvestment plan will apply to the Interim Cash Dividend, in which an electable portion of RM0.20 per Maybank Share held can be elected to be reinvested into new Maybank Shares and the remaining portion of the Interim Cash Dividend of RM0.04 per Maybank Share held will be paid in cash.

On behalf of the Board, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 11 September 2014, approved the listing of and quotation for up to 248,769,255 new Maybank Shares to be issued pursuant to the 9th DRP on the Main Market of Bursa Securities (“Listing Application”).

The approval by Bursa Securities for the above Listing Application is subject to the following conditions:

(i) Maybank and its adviser must fully comply with the relevant provisions under the Main Market Listing Requirements issued by Bursa Securities pertaining to the implementation of the 9th DRP;

(ii) Maybank and its adviser to inform Bursa Securities upon the completion of the 9th DRP; and

(iii) Maybank to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the 9th DRP is completed.

On behalf of the Board, Maybank IB wishes to announce that the issue price of the new Maybank Shares to be issued pursuant to the 9th DRP applicable to the Interim Cash Dividend has been fixed today (“
Price-Fixing Date”) at RM9.30 per new Maybank Share. The issue price is based on the five (5)-day volume weighted average market price (“VWAMP”) of RM10.08 per Maybank Share up to and including 11 September 2014, being the last trading day prior to the Price-Fixing Date for the issue price of new Maybank Shares after adjusting for the following:

(i) a dividend adjustment of RM0.24 to the five (5)-day VWAMP (“Ex-Dividend VWAMP”); and

(ii)
a discount of RM0.54 which is approximately 5.49% discount to the Ex-Dividend VWAMP of RM9.84.

On behalf of the Board, Maybank IB also wishes to announce on even date that the book closure date pursuant to the Interim Cash Dividend and the 9th DRP has been fixed for 29 September 2014.

Barring any unforeseen circumstances, the new Maybank Shares arising from the 9th DRP will be listed on the Main Market of Bursa Securities on 29 October 2014.

This announcement is dated 12 September 2014.



MRCB - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB  
Date Announced12 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMR-140912-64372

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak,
Pet Surat No. 11025,
50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM 1.00 each
Name & address of registered holderLembaga Tabung Haji
AmIslamic Fund Management Sdn Bhd
Maybank Asset Management Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired10/09/2014
389,100
 

Circumstances by reason of which change has occurredPurchase of Shares
Nature of interestDirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change175,028,073
Date of notice12/09/2014


AFG - 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 NameALLIANCE FINANCIAL GROUP BERHAD  
Stock Name AFG  
Date Announced12 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAF-140912-8BE24

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 RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (Acquisition of 1,980,000 shares)
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/09/2014
1,980,000
 

Circumstances by reason of which change has occurredAcquired
Nature of interestDirect Interest
Direct (units)226,494,540 
Direct (%)14.63 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change226,494,540
Date of notice10/09/2014

Remarks :
The Form 29B dated 10 September 2014 was received on 12 September 2014.


IJM - 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 NameIJM CORPORATION BERHAD  
Stock Name IJM  
Date Announced12 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIC-140912-3284B

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 RM1 Each
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)
Acquired04/09/2014
37,000
 

Circumstances by reason of which change has occurredTransaction of Securities
Nature of interestDirect
Direct (units)79,530,400 
Direct (%)5.406 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change79,530,400
Date of notice12/09/2014

Remarks :
Re : Form 29B dated 11 September 2014


E&O - 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 NameEASTERN & ORIENTAL BERHAD  
Stock Name E&O    
Date Announced12 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoE&-140912-E39EB

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 stock units of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165, Jalan Ampang
50450, Kuala Lumpur

-Employees Provident Fund Board

-Employees Provident FD BD (HDBS)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/09/2014
3,530,000
 
Disposed09/09/2014
770,000
 

Circumstances by reason of which change has occurredAcquired by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board.

Disposed by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (HDBS).
Nature of interestDirect
Direct (units)61,216,000 
Direct (%)5.51 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change61,216,000
Date of notice10/09/2014

Remarks :
Shares held after change:

Citigroup Nominees (Tempatan) Sdn Bhd
-Employees Provident Fund Board
(No. of shares-25,239,600)

Citigroup Nominees (Tempatan) Sdn Bhd
-Employees Provident FD BD (AMUNDI)
(No. of shares-7,400,000)

Citigroup Nominees (Tempatan) Sdn Bhd
-Employees Provident FD BD (HDBS)
(No. of shares-20,736,100)

Citigroup Nominees (Tempatan) Sdn Bhd
-Employees Provident FD BD (RHB INV)
(No. of shares-1,204,000)

Citigroup Nominees (Tempatan) Sdn Bhd
-Employees Provident FD BD (CIMB PRI)
(No. of shares-6,636,300)

Form 29B was received on 12 September 2014.


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

Announcement Type: General Announcement
Company NameMELEWAR INDUSTRIAL GROUP BERHAD  
Stock Name MELEWAR  
Date Announced12 Sept 2014  
CategoryGeneral Announcement
Reference NoMI-140912-62884

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMELEWAR INDUSTRIAL GROUP BERHAD (“MIG” OR “COMPANY”)

PROPOSED DISPOSAL OF 100% EQUITY INTEREST HELD IN MELEWAR STEEL TUBE SDN. BHD. (“MST”) TO MYCRON STEEL BERHAD (“MYCRON”) FOR A DISPOSAL CONSIDERATION OF RM70.0 MILLION TO BE SATISFIED VIA A COMBINATION OF ISSUANCE OF NEW ORDINARY SHARES IN MYCRON AND NOVATION OF DEBT BY MIG TO MYCRON.

(“PROPOSED DISPOSAL OF MST”)

On behalf of the Board of Directors of MIG, AFFIN Investment Bank Berhad wishes to announce that the Company had on 12 September 2014 entered into a conditional share sale and purchase agreement with Mycron for the Proposed Disposal of MST.

Further details on the Proposed Disposal of MST are set out in the attachment.

This announcement is dated 12 September 2014.

Attachments

MIG - Announcement (Final).pdf
106 KB



ORIENT - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameORIENTAL HOLDINGS BERHAD  
Stock Name ORIENT  
Date Announced12 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140912-CBA3C

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group, Inc
Address7-1, Marunouchi 2-Chome
Chiyoda-ku, Tokyo
100-8330, Japan
NRIC/Passport No/Company No.Nil
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary stocks of RM1.00 each
Name & address of registered holderAberdeen Asset Management PLC ("Aberdeen") and its subsidiaries
10 Queen's Terrace Aberdeen
AB10 1YG, Scotland

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired08/09/2014
13,400
 

Circumstances by reason of which change has occurredAcquisition of shares by Aberdeen.

MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% interest in Aberdeen.
Nature of interestIndirect Interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)72,022,300 
Indirect/deemed interest (%)11.61 
Total no of securities after change72,022,300
Date of notice11/09/2014

Remarks :
This Notice was received on 12 September 2014.


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