October 17, 2014

Company announcements: BGYEAR, FURNWEB, PICORP, DESTINI

BGYEAR - OTHERS BINA GOODYEAR BERHAD (“BGB” OR THE “COMPANY”) HEADS OF AGREEMENT (All definitions used herein shall have the same meanings as the words and expressions defined in the announcement dated 2 September 2014 except where the context otherwise requires or where otherwise defined.)

Announcement Type: General Announcement
Company NameBINA GOODYEAR BERHAD  
Stock Name BGYEAR  
Date Announced17 Oct 2014  
CategoryGeneral Announcement
Reference NoCM-141017-63490

TypeAnnouncement
SubjectOTHERS
DescriptionBINA GOODYEAR BERHAD (“BGB” OR THE “COMPANY”)

HEADS OF AGREEMENT

(All definitions used herein shall have the same meanings as the words and expressions defined in the announcement dated 2 September 2014 except where the context otherwise requires or where otherwise defined.)

We refer to the announcement dated 2 September 2014 in relation to the heads of agreement (“HOA”) entered into between BGB and Trinity Group Sdn Bhd (“Vendor”) on even date.

The Company wishes to announce that the Vendor has on 16 October 2014, written a letter to BGB in relation to the HOA executed between BGB and the Vendor for the proposed reverse take-over of BGB (“Proposed RTO”).

Pursuant to the terms of the HOA:

(a) the parties are to endeavour to negotiate in good faith to execute the Definitive Agreement for the HOA by 16 October 2014, being the date falling 30 Business Days following the date of the HOA (under clause 4.2); and

(b) the HOA expires on 16 October 2014 (under clause 4.3(b)).

However, the Vendor noted that it is presently not possible to negotiate and execute the Definitive Agreement as, amongst others:

(a) BGB is currently subject to a winding up-order granted by the High Court of Malaya at Shah Alam (“Winding-Up Order”) arising from the Winding-Up Petition No. 28-20-01/2013 presented by Boon Wah Air-Conditioning Engineering Sdn Bhd;

(b) a stay needs to be obtained against the Winding-Up Order;

(c) BGB’s appeal against the Winding-Up Order at the Court of Appeal is presently fixed for case management on 11 November 2014;

(d) BGB’s appeal to the Listing Committee of Bursa Malaysia Securities Berhad (“Bursa Securities”) against de-listing under paragraph 8.04 of Bursa Securities’s Main Market Listing Requirements is pending deliberation by the Listing Committee; and

(e) BGB’s application for a restraining order (“RO”) against its creditors presenting any further claims can only be made after a stay of the Winding-Up Order has been granted.

The viability of the parties to the HOA proceeding with the negotiation and execution of the Definitive Agreement would depend, amongst others, on the outcome of the various appeals and/or application(s) as described above.

In view of the abovementioned matters, the Vendor has decided to allow the HOA to lapse without renewing or extending its validity period. If, by 31 October 2014 or such further period as the Vendor may deem fit:

(a) there is a stay of the Winding-Up Order; and

(b) BGB makes its application for the RO;

the Vendor will consider resuming/recommencing negotiations on the Proposed RTO based on the terms as set out in the HOA for such further period deemed appropriate.

This announcement is dated 17 October 2014.


FURNWEB - Changes in Sub. S-hldr's Int. (29B) - DATO' LUA CHOON HANN

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFURNIWEB INDUSTRIAL PRODUCTS BERHAD  
Stock Name FURNWEB  
Date Announced17 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-141017-56490

Particulars of substantial Securities Holder

NameDATO' LUA CHOON HANN
AddressB-20-11, MARC RESIDENCE
NO. 3, JALAN PINANG
50450 KUALA LUMPUR
NRIC/Passport No/Company No.761006-03-5519
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH ("Shares")
Name & address of registered holderKENANGA NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR DATO' LUA CHOON HANN
8TH FLOOR, KENANGA INTERNATIONAL
JALAN SULTAN ISMAIL
50250 KUALA LUMPUR

MAYBANK NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR DATO' LUA CHOON HANN
14TH FLOOR, MENARA MAYBANK
100, JALAN TUN PERAK
50050 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/10/2014
52,000
0.730 

Circumstances by reason of which change has occurredAcquisition of 52,000 Shares (%: 0.036) in open market
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change10,802,800
Date of notice16/10/2014

Remarks :
The Form 29B dated 16 October 2014 was received by the Company Secretary at the registered office on 17 October 2014


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

Announcement Type: General Announcement
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced17 Oct 2014  
CategoryGeneral Announcement
Reference NoCK-141016-50912

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPROGRESSIVE IMPACT CORPORATION BERHAD ("THE COMPANY")

Pursuant to Paragraph 14.09(a) of the Listing Requirements of Bursa Malaysia Berhad, the following Directors of the Company have transacted dealings in the securities of the Company as set out in the table hereunder:-

Name of Director

Date of Transaction

Price per Transaction (RM)

No. of Shares Acquired

Direct

Indirect

No. of ordinary shares of RM0.10 each

%

No. of ordinary shares of RM0.10 each

%

Zaid Bin Abdullah

15 October 2014

0.185

-

-

101,700

0.015

16 October 2014

0.180

-

-

150,000

0.023

Zaidah Binti Mohd Salleh

15 October 2014

0.185

-

-

101,700

0.015

16 October 2014

0.180

-

-

150,000

0.023



PICORP - Changes in Director's Interest (S135) - ZAID BIN ABDULLAH

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced17 Oct 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-141016-50100

Information Compiled By KLSE

Particulars of Director

NameZAID BIN ABDULLAH
AddressNO. 10 JALAN SRI PETALING 6
BANDAR BARU SRI PETALING
57000 KUALA LUMPUR
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)
Acquired
15/10/2014
101,700
0.185 
Acquired
16/10/2014
150,000
0.180 

Circumstances by reason of which change has occurredACQUISITION OF SHARES BY ZAIYADAL KELUARGA SDN BHD
Nature of interestINDIRECT
Consideration (if any) 

Total no of securities after change

Direct (units)47,925,100 
Direct (%) 
Indirect/deemed interest (units)303,838,622 
Indirect/deemed interest (%) 
Date of notice17/10/2014

Remarks :
(i) Pursuant to Section 6A(4) of the Companies Act, 1965 - 303,728,322

(ii) Pursuant to Section 134(12)(c) of the Companies Act, 1965 - 110,300


PICORP - Changes in Director's Interest (S135) - ZAIDAH BINTI MOHD SALLEH

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced17 Oct 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-141016-50439

Information Compiled By KLSE

Particulars of Director

NameZAIDAH BINTI MOHD SALLEH
AddressNO. 10 JALAN SRI PETALING
BANDAR BARU SRI PETALING
57000 KUALA LUMPUR
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)
Acquired
15/10/2014
101,700
0.185 
Acquired
16/10/2014
150,000
0.180 

Circumstances by reason of which change has occurredACQUISITION OF SHARES BY ZAIYADAL KELUARGA SDN BHD
Nature of interestINDIRECT
Consideration (if any) 

Total no of securities after change

Direct (units)8,678,000 
Direct (%) 
Indirect/deemed interest (units)303,838,622 
Indirect/deemed interest (%) 
Date of notice17/10/2014

Remarks :
(i) Pursuant to Section 6A(4) of the Companies Act, 1965 - 303,728,322

(ii) Pursuant to Section 134(12)(c) of the Companies Act, 1965 -110,300


PICORP - Changes in Sub. S-hldr's Int. (29B) - ZAID BIN ABDULLAH

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced17 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-141016-49361

Particulars of substantial Securities Holder

NameZAID BIN ABDULLAH
AddressNO. 10 JALAN SRI PETALING 6
BANDAR BARU SRI PETALING
57000 KUALA LUMPUR
NRIC/Passport No/Company No.511215-10-5665
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.10 EACH
Name & address of registered holderZAIYADAL KELUARGA SDN BHD
SUITE 5.02, MERCU PICORP
LOT 10 JALAN ASTAKA U8/84
BUKIT JELUTONG
40150 SHAH ALAM
SELANGOR DARUL EHSAN

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired15/10/2014
101,700
0.185 
Acquired16/10/2014
150,000
0.180 

Circumstances by reason of which change has occurredACQUISITION OF SHARES BY ZAIYADAL KELUARGA SDN BHD
Nature of interestINDIRECT
Direct (units)47,925,100 
Direct (%) 
Indirect/deemed interest (units)303,728,322 
Indirect/deemed interest (%) 
Total no of securities after change351,653,422
Date of notice17/10/2014


PICORP - Changes in Sub. S-hldr's Int. (29B) - ZAIDAH BINTI MOHD SALLEH

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced17 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-141016-49743

Particulars of substantial Securities Holder

NameZAIDAH BINTI MOHD SALLEH
AddressNO. 10 JALAN SRI PETALING 6
BANDAR BARU SRI PETALING
57000 KUALA LUMPUR
NRIC/Passport No/Company No.541003-10-5580
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.10 EACH
Name & address of registered holderZAIYADAL KELUARGA SDN BHD
SUITE 5.02, MERCU PICORP
LOT 10 JALAN ASTAKA U8/84
BUKIT JELUTONG
40150 SHAH ALAM
SELANGOR DARUL EHSAN

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired15/10/2014
101,700
0.185 
Acquired16/10/2014
150,000
0.180 

Circumstances by reason of which change has occurredACQUISITION OF SHARES BY ZAIYADAL KELUARGA SDN BHD
Nature of interestINDIRECT
Direct (units)8,678,000 
Direct (%) 
Indirect/deemed interest (units)303,728,322 
Indirect/deemed interest (%) 
Total no of securities after change312,406,322
Date of notice17/10/2014


PICORP - Changes in Sub. S-hldr's Int. (29B) - ZAIYADAL KELUARGA SDN BHD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePROGRESSIVE IMPACT CORPORATION BERHAD  
Stock Name PICORP  
Date Announced17 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-141016-48810

Particulars of substantial Securities Holder

NameZAIYADAL KELUARGA SDN BHD
AddressSUITE 5.02, MERCU PICORP
LOT 10 JALAN ASTAKA U8/84
BUKIT JELUTONG
40150 SHAH ALAM
SELANGOR DARUL EHSAN
NRIC/Passport No/Company No.243673 V
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.10 EACH
Name & address of registered holderZAIYADAL KELUARGA SDN BHD
SUITE 5.02, MERCU PICORP
LOT 10 JALAN ASTAKA U8/84
BUKIT JELUTONG
40150 SHAH ALAM
SELANGOR DARUL EHSAN

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired15/10/2014
101,700
0.185 
Acquired16/10/2014
150,000
0.180 

Circumstances by reason of which change has occurredACQUISITION OF SHARES
Nature of interestDIRECT
Direct (units)303,728,322 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change303,728,322
Date of notice17/10/2014


DESTINI - Changes in Director's Interest (S135) - Dato' Rozabil @ Rozamujib Bin Abdul Rahman

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced17 Oct 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141017-880EE

Information Compiled By KLSE

Particulars of Director

NameDato’ Rozabil @ Rozamujib Bin Abdul Rahman
AddressB-8-16, 10 Semantan
Jalan Semantan, Damansara Heights
49450 Kuala Lumpur
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)
Acquired
16/10/2014
150,000
0.462 

Circumstances by reason of which change has occurredAcquisition of shares via open market transactions
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)401,100 
Direct (%)0.05 
Indirect/deemed interest (units)255,907,700 
Indirect/deemed interest (%)32.01 
Date of notice16/10/2014

Remarks :
1. The total percentage of shares acquired by R Capital Sdn Bhd was around 0.02% of the total issued and paid up capital of the Company as at 10 October 2014.

2. This announcement serves as a notification pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


DESTINI - Changes in Sub. S-hldr's Int. (29B) - Dato' Rozabil @ Rozamujib Bin Abdul Rahman

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameDESTINI BERHAD  
Stock Name DESTINI  
Date Announced17 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-141017-88105

Particulars of substantial Securities Holder

NameDato’ Rozabil @ Rozamujib Bin Abdul Rahman
AddressB-8-16, 10 Semantan
Jalan Semantan, Damansara Heights
49450 Kuala Lumpur
NRIC/Passport No/Company No.720308-07-5363
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share of RM0.10 each
Name & address of registered holder1. Dato’ Rozabil @ Rozamujib Bin Abdul Rahman
B-8-16, 10 Semantan
Jalan Semantan, Damansara Heights
49450 Kuala Lumpur

2. BPH Capital Sdn Bhd
Kompleks Sri Wonder, No. 88-2-49
Lintang Sungai Pinang, 10150 Penang

3. R Capital Sdn Bhd
H-2-10, Block H, Plaza Damas
Jalan Sri Hartamas 1
50480 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/10/2014
150,000
0.462 

Circumstances by reason of which change has occurredAcquisition of shares via open market transactions
Nature of interestIndirect
Direct (units)401,100 
Direct (%)0.05 
Indirect/deemed interest (units)255,907,700 
Indirect/deemed interest (%)32.01 
Total no of securities after change256,308,800
Date of notice17/10/2014


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