September 30, 2014

Company announcements: NEXGRAM, FBMKLCI-EA, HLIND, SILKHLD, ARMADA, SUBUR, VS, BORNOIL

NEXGRAM - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameNEXGRAM HOLDINGS BERHAD (ACE Market) 
Stock Name NEXGRAM  
Date Announced30 Sept 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCS-140930-60973

Date of buy back30/09/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)100,000
Minimum price paid for each share purchased ($$)0.125
Maximum price paid for each share purchased ($$)0.125
Total consideration paid ($$)12,500.00
Number of shares purchased retained in treasury (units)100,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)100,000
Adjusted issued capital after cancellation
(no. of shares) (units)		0 
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)0.005

Remarks :
The authority for share buy-back of up to 10% of the issued and paid-up share capital of the Company was granted by the shareholders of the Company at the Extraordinary General Meeting held on 5 August 2014.

NEXGRAM - PROPOSED ACQUISITION OF 70% EQUITY INTEREST IN TOP SYMPHONY SDN. BHD. FOR A PURCHASE CONSIDERATION OF RM24.8 MILLLION

Announcement Type: General Announcement
Company NameNEXGRAM HOLDINGS BERHAD (ACE Market) 
Stock Name NEXGRAM  
Date Announced30 Sept 2014  
CategoryGeneral Announcement
Reference NoCS-140930-66920

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-140926-59257
SubjectPROPOSED ACQUISITION OF 70% EQUITY INTEREST IN TOP SYMPHONY SDN. BHD. FOR A PURCHASE CONSIDERATION OF RM24.8 MILLLION
DescriptionNEXGRAM HOLDINGS BERHAD (FORMERLY KNOWN AS NEXTNATION COMMUNICATION BERHAD) (“NEXGRAM” OR THE “COMPANY”)
- PROPOSED ACQUISITION OF 70% EQUITY INTEREST IN TOP SYMPHONY SDN. BHD. FOR A PURCHASE CONSIDERATION OF RM24.8 MILLLION
Query Letter Contents We refer to your Company's announcement dated 25 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) Details of South Venture Holdings Ltd, including the date and place of
incorporation, principal business activity, and names of its directors and
substantial shareholders together with their respective shareholdings.
(2) Details of Synergy Windfall Sdn Bhd, including the date and place of
incorporation, principal business activity, and names of its directors and
substantial shareholders together with their respective shareholdings.
(3) The postal address or identification (lot, title number, district and
state) and size of the land on which the Project will be carried out ("Land").
(4) The existing use of the Land.
(5) The name of the Project, type of development - residential, industrial or
commercial, number of units in respect of each type of development.
(6) The total development cost of the Project.
(7) The expected commencement and completion date(s) of development.
(8) The sources of funds to finance the development cost.
(9) Contract sum to be paid to Nexgram Holdings Berhad ("Nexgram") arising from
the Design-Build Master Agreement.
(10)The effect of the Proposed Acquisition on gearing of Nexgram group.
(11) Prospects of TSSB.
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 Nexgram’s announcement on 25 September 2014 and Bursa Malaysia Securities Berhad’s letter dated 29 September 2014 pertaining to the above matter.

 

The Board of Directors of Nexgram wishes to furnish the following additional information of the abovementioned matter.

1.  Details of South Venture Holding Ltd

South Venture Holdings Ltd is incorporated in the British Virgin Islands on 12 June 2014.  The company’s principal business activity is investment holding. The sole director of the company is Wong Chung Sing and he holds a 100% equity stake in the company.

 

2.  Details of Synergy Windfall Sdn Bhd

Synergy Windfall Sdn Bhd is a private limited company incorporated under the law of Malaysia on 13 January 2014. The company’s business activities are property development and contractors. The directors of the company are Wong Chung Sing and Kwok Weng Khing. The shareholders of the company as at to date are Wong Chung Sing (70%), Kwok Weng Khing (15%) and Dato’ Sharifuddin Bin Abdul Wahab (15%).

 

3.  The postal address or identification (lot, title number, district and state) and size of the land on which the Project will be carried out (“Land”)

 

The postal address for the project land is not available as the said project land is currently a vacant land. The subject freehold land is situated at Waila, Nausori, 15 kilometers to the northeast of central Suva City, which is the capital of Fiji. Area is approximately 332.25 hectares (821 acres) and is described as Lot 1, DP 7071, Calia, Nausori.

 

4.  The existing use of land

The said land currently is empty and vacant.

 

5.  Name of Projects and types of development

The Proposed development name is Waila City. The types of development will be mixture of residential, industrial, commercial and public amenities which are divided into 7 phases. The actual number and mix of units/types of development shall be based on the relevant Supplementary Agreement to be executed for each phase.

 

6.  Total development cost of the Project

 

The development cost for the projects are current unavailable and is expected to be finalised upon entering of supplementary agreements (“Supplementary Agreements”) for each 7 phases of development in due course.

 

7.  The expected commencement and completion date of development

 

The expected commencement shall be 1st quarter of 2015 with estimated development of 10 years the entire development.

 

8.  The sources of fund to finance the development cost

The sources of funds to finance the development costs shall be from combination of internal generated funds and/or bank borrowings.

 

9.  Contract sum to be paid to Nexgram arising from the Design Build Master Agreement (“DBMA”)

 

DBMA was entered between TSSB and Fiji housing authority on 11 May 2012. There was no contractual relationship between Nexgram and Fiji Housing Authority in DBMA. Hence the contract sum payable to Nexgram is not applicable.

 

10.  The effect of the Proposed Acquisition on gearing of Nexgram Group.

 

There will not be material impact on the gearing position of Nexgram in relation of the proposed acquisition.

 

11.  Prospects of TSSB

 

Going forward, with the involvement and support of the Nexgram Group, TSSB is of the view that it can kick start the project and complete the development as required under the DBMA. With the DBMA agreement, TSSB would be exclusively be entitled to be rewarded and believes that the project should yield recurrent income streams from the construction and development profits in relation to the phases of development over the next 10 or so years.

 

The Proposed Acquisition will provide the Nexgram Group with the opportunity to participate in Fiji’s economic development, in particular to be involved with a Fiji government led and promoted project, which may prove to be lower risk than to enter into transactions with Fijian private entities. The said development contract shall contribute positive financial impact to Nexgram for the next 10 years.

 

This announcement is dated 30 September 2014.


FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameFTSE BURSA MALAYSIA KLCI ETF  
Stock Name FBMKLCI-EA  
Date Announced30 Sept 2014  
CategoryGeneral Announcement
Reference NoFB-140930-60981

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFTSE Bursa Malaysia KLCI etf - Valuation Point as at 30 September 2014

Fund: FTSE Bursa Malaysia KLCI etf
NAV per unit (RM): 1.9019
Units in circulation (units): 1,672,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,846.31

Attachments

FBM KLCI etf 20140930.xls
30 KB


HLIND - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameHONG LEONG INDUSTRIES BERHAD  
Stock Name HLIND  
Date Announced30 Sept 2014  
CategoryGeneral Announcement
Reference NoML-140930-53683

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionHONG LEONG INDUSTRIES BERHAD (“HLI” OR “COMPANY”)

I. DISPOSALS
II. CAPITAL DISTRIBUTION

(COLLECTIVELY, THE “CORPORATE EXERCISES”)

We refer to the announcements dated 11 September 2013, 31 October 2013, 12 December 2013, 29 April 2014, 4 June 2014, 17 June 2014, 18 June 2014, 4 August 2014, 4 September 2014 and 30 September 2014 as well as the Circular to Shareholders dated 20 May 2014 (“Circular”) in relation to the Corporate Exercises. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the Circular.

On behalf of HLI, HLIB wishes to announce that HLI and Narra have mutually agreed to extend the period for the completion of the HIMSB SSA and the ICPS SSA by a period of 2 months expiring on 3 December 2014 to complete both the HIMSB SSA and the ICPS SSA.

This announcement is dated 30 September 2014.

HLIND - Others

Announcement Type: Entitlements (Notice of Book Closure)
Company NameHONG LEONG INDUSTRIES BERHAD  
Stock Name HLIND  
Date Announced30 Sept 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoML-140930-53773

EX-date14/10/2014
Entitlement date16/10/2014
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement descriptionDistribution of 345,030,635 new ordinary shares of RM1.00 each in Narra Industries Berhad (“Narra Shares”) to the shareholders of Hong Leong Industries Berhad (“HLI”) by way of a capital reduction in accordance with Section 64 of the Companies Act, 1965 and a capital repayment on the basis of 1,080 Narra Shares for every 1,000 ordinary shares of RM0.50 each in HLI (“HLI Shares”) (“Capital Distribution”)
Period of interest payment to
Financial Year End
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 noHong Leong Share Registration Services Sdn Bhd

Level 5, Wisma Hong Leong
18, Jalan Perak
50450 Kuala Lumpur

Tel. No.: 03-2164 1818
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers16/10/2014 
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 indicatorRatio
Ratio 1080 : 1000
Rights Issues/Offer Price

Remarks :
The above 345,030,635 Narra Shares to be distributed represent substantially all the consideration shares to be received by HLI from Narra Industries Berhad (“Narra”) pursuant to the disposal by HLI of Hume Concrete Sdn Bhd (formerly known as Hume Industries (Malaysia) Sdn Bhd) and the entire irredeemable convertible preference shares in Hume Cement Sdn Bhd to Narra.

The Capital Distribution shall be implemented by way of reduction of the share premium reserve of HLI by approximately RM234.1 million.

Under the Capital Distribution, entitled shareholders of HLI will receive 1,080 Narra Shares for every 1,000 HLI Shares held as at 5 p.m. on 16 October 2014 (“Entitlement Date”).

Fractional entitlements to the Narra Shares, if any, shall be disregarded and shall be dealt with by the Board of Directors of HLI as it may in its absolute discretion deems fit or expedient and in the best interests of HLI.

The Narra Shares to be distributed shall be credited into the Central Depository System accounts of the entitled shareholders within 8 market days from the Entitlement Date.

This announcement is dated 30 September 2014.

SILKHLD - Quarterly rpt on consolidated results for the financial period ended 31/7/2014

Announcement Type: Financial Results
Company NameSILK HOLDINGS BERHAD  
Stock Name SILKHLD  
Date Announced30 Sept 2014  
CategoryFinancial Results
Reference NoC&-140930-60896

Financial Year End31/07/2014
Quarter4
Quarterly report for the financial period ended31/07/2014
The figureshave not been audited

Attachments

SHB Q4 2014 Bursa Announcement V3.pdf
283 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/07/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/07/2014
31/07/2013
31/07/2014
31/07/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
74,387
72,563
276,884
306,538
2Profit/(loss) before tax
12,374
8,215
41,959
42,928
3Profit/(loss) for the period
14,582
6,252
41,212
35,246
4Profit/(loss) attributable to ordinary equity holders of the parent
-19,089
-20,763
-10,414
-15,239
5Basic earnings/(loss) per share (Subunit)
-3.88
-4.97
-2.25
-3.82
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
35.7919
37.6700
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence

ARMADA - Changes in Director's Interest (S135) - Hassan Assad Basma ("HB")

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameBUMI ARMADA BERHAD  
Stock Name ARMADA  
Date Announced30 Sept 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoBA-140930-3D4F7

Information Compiled By KLSE

Particulars of Director

NameHassan Assad Basma ("HB")
AddressA2-17-2
St Mary Residences Tower A
No. 1, Jalan Tengah
50250 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB") ("BAB Shares")

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
18/09/2014
1,000,000
1.350 
Others
18/09/2014
2,000,000
0.440 
Others
13/09/2014
50,624,803
 

Description of other type of transactionChanges in particulars of HB's interest in relation to the circumstances giving rise to changes in interest and dealings in BAB Shares pursuant to the renounceable rights Issue of up to 1,479,238,150 new ordinary shares of RM0.20 each in BAB ("Rights Share") on the basis of 1 Rights Share for every 2 existing issued BAB Shares held by the entitled shareholders of BAB as 12 September 2014, at an issue price of RM1.35 per Rights Share ("Rights Issue") and from the adjustments to outstanding options granted to him pursuant to the Company’s Employee Share Option Scheme (“ESOS”) (“Options”) under the By-Laws governing the ESOS as a result of the bonus issue and Rights Issue announced by the Company on 23 May 2014 (“Adjustments”).
Circumstances by reason of which change has occurredi. HB's entitlement as at 5.00 pm on 12 September 2014 of 3,000,000 BAB Rights Shares pursuant to the Rights Issue;
ii. Acceptance of the Provisional Allotment of 1,000,000 BAB Rights Shares ("Acceptance of Provisional Rights Shares") by HB;
iii. Disposal of the Provisional Allotment of 2,000,000 BAB Rights Shares by HB; and
iV. Adjustments to his outstanding 30,500,000 Options resulting in 50,624,803 Options.
For details please see remarks below.
Nature of interestDirect beneficial interest over the BAB Shares
Consideration (if any) 

Total no of securities after change

Direct (units)57,624,803 
Direct (%)0.98 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice30/09/2014

Remarks :
The percentage of 0.98% above is based on the issued share capital of Bumi Armada as at 25 September 2014 and the assumption that the maximum number of BAB shares are allotted pursuant to the bonus issue and rights issue exercise announced by BAB on 23 May 2014.

This announcement is based on the information in the Notification dated 30 September 2014 pursuant to Section 135(1) of the Companies Act, 1965, Section 317 of the Capital Markets and Services Act, 2007 and Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("MMLR"), given by HB and received by the Company on 30 September 2014 in relation to the circumstances giving rise to changes in interest and dealings in BAB Shares pursuant to the Rights Issue.

Prior to the circumstances described above, HB had an interest in 36,500,000 Shares consisting of:
i. Interest over 6,000,000 existing issued Shares (arising from HB's shareholdings in BAB); and
ii. Interest over 30,500,000 unissued Shares (arising from HB's outstanding Options).

Subsequent to the circumstances described above, HB now has an interest in 57,624,803 Shares representing 0.98% of the total issued share capital of Bumi Armada (calculated based on the issued share capital of Bumi Armada as at 25 September 2014 and after adjusting for the maximum number of Shares which may be allotted pursuant to the bonus issue and rights issue exercise announced by the Company on 23 May 2014) consisting of:
i. Interest over 6,000,000 existing issued Shares (arising from HB's existing shareholdings in BAB);
ii. Interest over 50,624,803 unissued Shares (arising from HB's adjusted Options); and
iii. Interest over 1,000,000 unissued Shares (arising from HB's acceptance of the remaining 1,000,000 Provisional Rights Shares).

Adjustments to his Options are as follows:
i. from 17,500,000 outstanding Options at RM3.03 to 29,047,019 adjusted Options at RM1.82;
ii. from 6,500,000 outstanding Options at RM3.77 to 10,788,892 adjusted Options at RM2.27; and
iii. from 6,500,000 outstanding Options at RM3.97 to 10,788,892 adjusted Options at RM2.39.

The Acceptance of Provisional Rights Shares is subject to allotment by BAB.

This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the MMLR for dealings in securities of the Company outside a closed period, as notified by HB.

SUBUR - Quarterly rpt on consolidated results for the financial period ended 31/7/2014

Announcement Type: Financial Results
Company NameSUBUR TIASA HOLDINGS BERHAD  
Stock Name SUBUR  
Date Announced30 Sept 2014  
CategoryFinancial Results
Reference NoCC-140925-702A6

Financial Year End31/07/2014
Quarter4
Quarterly report for the financial period ended31/07/2014
The figureshave not been audited

Attachments

STH Report Q4 YE2014.pdf
409 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/07/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/07/2014
31/07/2013
31/07/2014
31/07/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
244,319
175,809
887,174
768,844
2Profit/(loss) before tax
15,442
9,938
50,975
20,086
3Profit/(loss) for the period
11,279
8,818
38,721
16,092
4Profit/(loss) attributable to ordinary equity holders of the parent
11,306
8,824
38,748
16,098
5Basic earnings/(loss) per share (Subunit)
6.01
4.69
20.60
8.60
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
3.7500
3.5300
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence

VS - Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NameV.S. INDUSTRY BERHAD  
Stock Name VS  
Date Announced30 Sept 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoVI-140930-45D83

EX-date13/10/2014
Entitlement date15/10/2014
Entitlement time05:00:00 PM
Entitlement subjectInterim Dividend
Entitlement descriptionThird interim single tier dividend of 3.5 sen per share
Period of interest payment to
Financial Year End31/07/2014
Share transfer book & register of members will be 15/10/2014 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
Payment date 30/10/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers15/10/2014 
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

BORNOIL - Quarterly rpt on consolidated results for the financial period ended 31/7/2014

Announcement Type: Financial Results
Company NameBORNEO OIL BERHAD  
Stock Name BORNOIL  
Date Announced30 Sept 2014  
CategoryFinancial Results
Reference NoBO-140912-61587

Financial Year End31/01/2015
Quarter2
Quarterly report for the financial period ended31/07/2014
The figureshave not been audited

Attachments

Quarterly Announcement as at 31.7.2014.docx
187 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/07/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/07/2014
31/07/2013
31/07/2014
31/07/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
19,339
16,062
27,387
26,068
2Profit/(loss) before tax
2,441
4,426
845
3,911
3Profit/(loss) for the period
2,441
4,391
845
3,811
4Profit/(loss) attributable to ordinary equity holders of the parent
2,441
4,391
845
3,811
5Basic earnings/(loss) per share (Subunit)
1.06
2.19
0.37
1.90
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.9500
0.9400

Remarks :
The basic earnings per share is based on the weighted average number of Ordinary Shares in issue for the Quarter to date/Year-to-Date of 231,050,000 (2013 : 200,795,000) and 226,758,000 (2013 : 200,795,000) respectively.
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence

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