September 12, 2014

Company announcements: LUSTER, MUDAJYA, AXREIT, XINQUAN, SCABLE, BENALEC, TAMBUN, OLDTOWN, PRESBHD

LUSTER - Changes in Director's Interest (S135) - Liang Wooi Gee

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameLUSTER INDUSTRIES BHD.  
Stock Name LUSTER  
Date Announced12 Sept 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140912-1B7E1

Information Compiled By KLSE

Particulars of Director

NameLiang Wooi Gee
AddressNo.32 Taman Sejahtera, 08000 Sungai Petani, Kedah
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Transferred
11/09/2014
10,000,000
0.000 

Circumstances by reason of which change has occurredTransferred to Mayban Nominees (Tempatan) Sdn. Bhd.
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)10,022,857 
Direct (%) 
Indirect/deemed interest (units)400 
Indirect/deemed interest (%) 
Date of notice12/09/2014

Remarks :
Total no. of shares held after he change:-
- registered in the name of Liang Wooi Gee is 22,857
- registered in the name of Mayban Nominees (Tempatan) Sdn. Bhd. is 10,000,000
- registered in the name of Tan Fun Lan (spouse) is 400


MUDAJYA - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameMUDAJAYA GROUP BERHAD  
Stock Name MUDAJYA  
Date Announced12 Sept 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoMG-140912-2BAF1

Date of buy back12/09/2014
Description of shares purchasedOrdinary shares of RM0.20 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)100,000
Minimum price paid for each share purchased ($$)2.060
Maximum price paid for each share purchased ($$)2.070
Total consideration paid ($$)207,357.38
Number of shares purchased retained in treasury (units)100,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)13,981,100
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 (%)2.53


AXREIT - OTHERS AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR “FUND”) (I) AUTHORITY TO ALLOT AND ISSUE UP TO 83,579,942 NEW UNITS IN AXIS-REIT (“UNITS”) TO FACILITATE A PLACEMENT EXERCISE (“PROPOSED PLACEMENT”) AND INCREASE IN THE ISSUED FUND SIZE OF AXIS-REIT TO A MAXIMUM OF 547,280,040 UNITS; AND (II) AUTHORITY TO ALLOT AND ISSUE UP TO 2,000,000 NEW UNITS FOR THE PURPOSE OF THE PAYMENT OF MANAGEMENT FEE TO AXIS REIT MANAGERS BERHAD IN THE FORM OF NEW UNITS

Announcement Type: General Announcement
Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT  
Date Announced12 Sept 2014  
CategoryGeneral Announcement
Reference NoMI-140912-63639

TypeAnnouncement
SubjectOTHERS
DescriptionAXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR “FUND”)

(I) AUTHORITY TO ALLOT AND ISSUE UP TO 83,579,942 NEW UNITS IN AXIS-REIT (“UNITS”) TO FACILITATE A PLACEMENT EXERCISE (“PROPOSED PLACEMENT”) AND INCREASE IN THE ISSUED FUND SIZE OF AXIS-REIT TO A MAXIMUM OF 547,280,040 UNITS; AND

(II) AUTHORITY TO ALLOT AND ISSUE UP TO 2,000,000 NEW UNITS FOR THE PURPOSE OF THE PAYMENT OF MANAGEMENT FEE TO AXIS REIT MANAGERS BERHAD IN THE FORM OF NEW UNITS

1. On behalf of the Board of Directors of Axis REIT Managers Berhad, being the management company of Axis-REIT (“Manager”) (“Board”), Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that an application has been submitted to Bursa Malaysia Securities Berhad today to seek an extension of time of up to 3 April 2015 to complete the following: 

(i) authority to allot and issue up to 90,762,819 new Units to facilitate the Proposed Placement (“Earlier Approved Authority 1”); and

(ii) authority to allot and issue up to 2,000,000 new Units for the purpose of the payment of management fee to the Manager in the form of new Units (“Earlier Approved Authority 2”).

(hereinafter referred to as “Proposed Extension of Time”)

The Earlier Approved Authority 1 and Earlier Approved Authority 2 were approved by the unitholders of Axis-REIT (“Unitholders”) on 30 April 2013.


2. In view that the authority obtained from the Unitholders for the Earlier Approved Authority 1 was only valid for a maximum of one (1) year from 30 April 2013, the following were tabled to the Unitholders for renewal at the Unitholders’ meeting held on 29 April 2014 and the same were approved:

(i) authority to allot and issue up to 86,040,951 new Units to facilitate the Proposed Placement and increase in the issued fund size of Axis-REIT to a maximum of 547,280,040 Units; and

(ii) subscription of the new Units to be issued under the Proposed Placement by Dato’ Abas Carl Gunnar bin Abdullah, Datin Ka Ya-Shih (also known as Datin Kuyas Emiloglu), Tew Peng Hwee @ Teoh Peng Hwee, Dato’ George Stewart LaBrooy, Alex Lee Lao, Dean Lee Lao and John Lee Lao.

 

3. On 13 June 2014, 2,461,009 new Units were issued pursuant to the income distribution reinvestment plan that allows the Unitholders the option to reinvest their income distribution in new Units which was applied to the first interim income distribution in respect of the period from 1 January 2014 to 31 March 2014 (“First Interim Income Distribution IDRP”). As such, the issued fund size of the Fund had increased from 461,239,089 Units to 463,700,098 Units. As the approval of the Unitholders for the aforementioned increase in the issued fund size of Axis-REIT was up to a maximum of 547,280,040 Units and taking into account the 2,461,009 new Units which were issued pursuant to the First Interim Income Distribution IDRP, the revised maximum number of new Units that may be allotted and issued under the Proposed Placement would decrease to 83,579,942 new Units.

  

4. The Proposed Extension of Time is being sought premised on, among others, the effect the allotment and issuance of new Units under the Proposed Placement has on distribution per Unit (“DPU”). The timing of the issuance of new Units is crucial as the issuance of additional new Units would dilute the DPU. As such, the Manager wishes to minimise the effect of the dilution to the DPU by timing the implementation of the Earlier Approved Authority 1 to as close to the completion of the proposed acquisitions by the trustee of Axis-REIT, RHB Trustees Berhad for and on behalf of Axis-REIT, of three (3) properties situated in Shah Alam, Selangor Darul Ehsan, which was announced by Maybank IB, on behalf of the Board, on 4 August 2014, where such acquisitions will increase the property income of the Fund.

  

This announcement is dated 12 September 2014.



XINQUAN - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameXINGQUAN INTERNATIONAL SPORTS HOLDINGS LIMITED  
Stock Name XINQUAN  
Date Announced12 Sept 2014  
CategoryGeneral Announcement
Reference NoCA-140912-56922

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionDealings Outside Close Period

Pursuant to paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following director has transacted dealings in the securities of Xingquan International Sport Holdings Limited as set out in the table below. 

Name of Director

Date of Change

Type of Change

Price per Share (RM)

No. of Securities

% of Issued Securities

Ng Sio Peng

09/09/2014

Disposal of warrants by Tai Zhen Xiang Holdings Limited

 

0.125

2,100,000

1.24

Ng Sio Peng

10/09/2014

Disposal of warrants by Tai Zhen Xiang Holdings Limited

 

0.125

1,006,600

0.60



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

Announcement Type: General Announcement
Company NameSARAWAK CABLE BERHAD  
Stock Name SCABLE  
Date Announced12 Sept 2014  
CategoryGeneral Announcement
Reference NoMI-140912-60296

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionPROPOSED ACQUISITION OF 100% EQUITY INTEREST IN UNIVERSAL CABLE (M) BERHAD AND LEADER CABLE INDUSTRY BERHAD FROM HNG CAPITAL SDN. BHD. FOR AN INDICATIVE PURCHASE CONSIDERATION OF RM210,000,000 (“PROPOSED ACQUISITIONS”)
We refer to the announcements dated 16 June 2014 and 13 August 2014 in relation to the Proposed Acquisitions (“Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.
Further to the Company's announcement on 13 August 2014, on behalf of the Board of Directors of SCB, Kenanga Investment Bank Berhad wishes to inform that SCB had today accepted the Conditional Offer made by HNG with the intention of finalising the terms and conditions of the Proposed Acquisitions and to enter into a conditional Share Sale Agreement ("SSA") on or before 13 October 2014 ("SCB Acceptance").

Following the acknowledgment of SCB Acceptance by HNG, SCB had today made a payment of RM2,100,000 as earnest deposit to HNG ("Earnest Deposit").
    The Earnest Deposit shall be refunded in full, free of interest, to SCB and the SCB Acceptance shall lapse if, for any reason, the signing of the SSA does not occur on or before 13 October 2014.
      HNG further agrees that during the duration of the SCB Acceptance until the signing of the SSA, it shall not offer to sell any of its equity interests in the Target Companies to any other parties.

      TA Securities Holdings Berhad has been appointed as the Independent Adviser in view that the Proposed Acquisitions are deemed related party transactions pursuant to Paragraph 10.08 (2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

      The shareholders of SCB and potential investors are advised to exercise caution when dealing in SCB Shares, as there is no certainty that the Proposed Acquisitions may proceed or result in a binding SSA. An announcement will be made upon the signing of the SSA.

      If you are in doubt as to the next course of action to take, you should consult your stockbroker, bank manager, solicitor, accountant or other professional advisers immediately.


      This announcement is dated 12 September 2014.


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

      Announcement Type: General Announcement
      Company NameBENALEC HOLDINGS BERHAD  
      Stock Name BENALEC  
      Date Announced12 Sept 2014  
      CategoryGeneral Announcement
      Reference NoML-140910-68300

      TypeAnnouncement
      SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
      OTHER ISSUE OF SECURITIES
      DescriptionBENALEC HOLDINGS BERHAD ("BENALEC" OR THE "COMPANY")

      PROPOSED ISSUANCE OF UP TO RM200 MILLION NOMINAL VALUE OF 7-YEAR REDEEMABLE CONVERTIBLE SECURED BONDS (“PROPOSED CB ISSUE”)

      On behalf of the Board of Directors of Benalec, Hong Leong Investment Bank Berhad wishes to announce that the Company is proposing to issue up to RM200 million nominal value of 7-year Redeemable Convertible Secured Bonds ("CB").

       

      Please refer to the attachment for further details.

       

      This announcement is dated 12 September 2014.



      TAMBUN - GENERAL MEETINGS: NOTICE OF MEETING

      Announcement Type: General Meetings
      Company NameTAMBUN INDAH LAND BERHAD  
      Stock Name TAMBUN  
      Date Announced12 Sept 2014  
      CategoryGeneral Meetings
      Reference NoCC-140912-61937

      Type of MeetingEGM
      IndicatorNotice of Meeting
      DescriptionExtraordinary General Meeting
      Date of Meeting01/10/2014
      Time11:00 AM
      VenueSalon III, Level 2, G Hotel Penang, 168A, Persiaran Gurney, 10250 Penang
      Date of General Meeting Record of Depositors25/09/2014

      Attachments

      TILB Notice of EGM.pdf
      202 KB



      OLDTOWN - Notice of Shares Buy Back by a Company pursuant to Form 28A

      Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
      Company NameOLDTOWN BERHAD  
      Stock Name OLDTOWN  
      Date Announced12 Sept 2014  
      CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
      Reference NoCK-140911-37519

      Date of buy back from26/08/2014
      Date of buy back to05/09/2014
      CurrencyMalaysian Ringgit (MYR)
      Total number of shares purchased (units)2,744,700
      Minimum price paid for each share purchased ($$)1.920
      Maximum price paid for each share purchased ($$)2.070
      Total amount paid for shares purchased ($$)5,457,463.39
      The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
      Number of shares purchased retained in treasury (units)2,744,700
      Total number of shares retained in treasury (units)5,177,900
      Number of shares purchased which were cancelled (units)0
      Total issued capital as diminished0
      Date lodged with registrar of companies11/09/2014
      Lodged by Tricor Corporate Services Sdn Bhd


      PRESBHD - 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 NamePRESTARIANG BERHAD  
      Stock Name PRESBHD  
      Date Announced12 Sept 2014  
      CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Reference NoCS-140912-61068

      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 RM0.10 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
      366,500
       
      Disposed04/09/2014
      77,000
       

      Circumstances by reason of which change has occurred- Acquisition of shares in open market by KWAP's Fund Managers
      - Disposal of shares in open market by KWAP's Fund Managers
      Nature of interestDirect
      Direct (units)35,415,400 
      Direct (%)7.32 
      Indirect/deemed interest (units)8,143,800 
      Indirect/deemed interest (%)1.68 
      Total no of securities after change43,559,200
      Date of notice11/09/2014

      Remarks :
      Balance of Shares:-

      KWAP (direct) - 35,415,400 Ordinary Shares
      Fund Managers (indirect) - 8,143,800 Ordinary Shares

      The Company only received the Form 29B on 12 September 2014.


      PRESBHD - 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 NamePRESTARIANG BERHAD  
      Stock Name PRESBHD  
      Date Announced12 Sept 2014  
      CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Reference NoCS-140912-38945

      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
      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)
      Disposed09/09/2014
      240,000
       

      Circumstances by reason of which change has occurredDisposal of Shares
      Nature of interestDirect
      Direct (units)35,440,500 
      Direct (%)7.32 
      Indirect/deemed interest (units) 
      Indirect/deemed interest (%) 
      Total no of securities after change35,440,500
      Date of notice10/09/2014

      Remarks :
      Citigroup Nominees (Tempatan) Sdn Bhd:-
      - Employees Provident Fund Board (Amundi) - 3,500,000
      - Employees Provident Fund Board (Nomura) - 9,707,200
      - Employees Provident Fund Board (CIMB Pri) - 12,576,100
      - Employees Provident Fund Board (Templeton) - 9,657,200

      The Company only received the Form 29B on 12 September 2014.


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