October 8, 2014

Company announcements: MULPHA, SEAL, MAYBULK, WASEONG, HLBANK, Y&G, SPSETIA, LYSAGHT, RCECAP, TGL

MULPHA - OTHERS MULPHA INTERNATIONAL BHD (“MIB”) - INCORPORATION OF SUBSIDIARY IN AUSTRALIA

Announcement Type: General Announcement
Company NameMULPHA INTERNATIONAL BERHAD  
Stock Name MULPHA  
Date Announced8 Oct 2014  
CategoryGeneral Announcement
Reference NoMI-141008-83748

TypeAnnouncement
SubjectOTHERS
DescriptionMULPHA INTERNATIONAL BHD (“MIB”)
- INCORPORATION OF SUBSIDIARY IN AUSTRALIA

We wish to announce that pursuant to Chapter 9, Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mulpha Education Group Pty Ltd, a wholly-owned subsidiary of Mulpha Australia Limited, which in turn is a wholly-owned subsidiary of MIB, had on 3 October 2014, incorporated a limited company known as iLead Training Pty Ltd (“ITPL”). The incorporation of ITPL was notified on 8 October 2014. As a result of the incorporation, ITPL has become an indirect wholly-owned subsidiary of MIB.


ITPL is a company incorporated in Australia with an authorised and paid-up share capital of A$2 respectively. ITPL was set up to be a registered training organisation.

 

None of the directors or substantial shareholders of MIB or persons connected with them has any interest, direct or indirect in the aforesaid incorporation.

 

This announcement is dated 8 October 2014.

 



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

Announcement Type: General Announcement
Company NameSEAL INCORPORATED BERHAD  
Stock Name SEAL  
Date Announced8 Oct 2014  
CategoryGeneral Announcement
Reference NoSI-141006-34663

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPROPOSED ACQUISITION OF PROPERTY BY SEAL PROPERTIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF SEAL INCORPORATED BERHAD ("SEAL" OR "THE COMPANY") FROM ASCALL SDN. BHD. FOR A TOTAL CONSIDERATION OF RM18,619,437.30 (“PROPOSED ACQUISITION”)

We refer to our announcements dated 27 June 2014 and 23 September 2014.

On behalf of the Board of Directors of SEAL, we wish to update on the status of the Proposed Acquisition.

Acme Holdings Berhad, the holding company of Ascall Sdn Bhd., has on 8 October 2014 notified SEAL that their Extraordinary General Meeting to obtain shareholders' approval for the Proposed Acquisition has been fixed on 24 October 2014. The layout plan identical to the Approved Layout Plan was submitted to Majlis Perbandaran Pulau Pinang ("MPPP") on 24 July 2014 and MPPP had vide its letter dated 19 August 2014 approved the proposal of fourteen (14) units of three (3)-storey semi-detached house and fourteen (14) units of three (3)-storey terrace house subject to conditions imposed by Majlis Perbandaran Pulau Pinang.

This announcement is dated 8 October 2014.


MAYBULK - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameMALAYSIAN BULK CARRIERS BERHAD  
Stock Name MAYBULK  
Date Announced8 Oct 2014  
CategoryChange in Audit Committee
Reference NoMB-141008-62464

Date of change08/10/2014
NameAfidah Binti Mohd Ghazali
Age52
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateNon Independent & Non Executive
Qualifications- Chartered Association of Certified Accountants
- Diploma in Islamic Studies 
Working experience and occupation 1) October 2012 to current, Chief Operating Officer, Bank Pembangunan Malaysia Berhad
2) February 2009 - September 2012, Chief Financial Officer, Bank Pembangunan Malaysia Berhad
3) June 2007 - December 2008, General Manager, Corporate Planning; Chief Financial Officer, Syarikat Takaful Malaysia Berhad
4) June 1990 - May 2007, Vice President, Head, Business Support & Strategic Planning, Aseambankers Malaysia Berhad
5) January 1989 - May 1990, Accountant, Kumpulan Guthrie Berhad
6) January 1986 - December 1988, Project Officer, Kompleks Kewangan Malaysia Berhad
7) October 1984 - December 1985, Accountant, Majlis Amanah Rakyat 
Directorship of public companies (if any)BI & Credit Leasing Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)1. Mohammad bin Abdullah (Chairman) - Independent Non-Executive Director
2. Tay Beng Chai (member) - Independent Non-Executive Director
3. Afidah Binti Mohd Ghazali (member) - Non-Independent Non-Executive Director


WASEONG - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG  
Date Announced8 Oct 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoWS-141008-3EE40

Date of buy back08/10/2014
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)30,000
Minimum price paid for each share purchased ($$)1.680
Maximum price paid for each share purchased ($$)1.700
Total consideration paid ($$)50,765.85
Number of shares purchased retained in treasury (units)30,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)2,651,967
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 (%)0.3422


HLBANK - 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 NameHONG LEONG BANK BERHAD  
Stock Name HLBANK  
Date Announced8 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoHB-141008-4FA9B

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 ("Shares")
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board - 212,643,643 Shares
Employees Provident Fund Board - 1,500,000 Shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (AMUNDI) - 2,000,000 Shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (HDBS) - 4,487,500 Shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (KAF FM) - 1,462,800 Shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (NOMURA) - 8,286,940 Shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CIMB PRI) - 2,904,000 Shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (TEMPLETON) - 2,077,200 Shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (ABERDEEN) - 3,030,000 Shares

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed02/10/2014
100,000
 

Circumstances by reason of which change has occurredDisposed
Nature of interestDirect
Direct (units)238,392,083 
Direct (%)13.25 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change238,392,083
Date of notice03/10/2014

Remarks :
Received EPF's notice dated 3 October 2014 on 8 October 2014.

This announcement is dated 8 October 2014.


Y&G - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameY&G CORPORATION BHD  
Stock Name Y&G    
Date Announced8 Oct 2014  
CategoryGeneral Announcement
Reference NoMB-141008-37725

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionY&G CORPORATION BHD (“Y&G” OR THE “COMPANY”)

• KESAS LAND ACQUISITION;
• MRSB ACQUISITION;
• KKSB ACQUISITION;
• FDSB ACQUISITION;
• FREE WARRANTS;
• RIGHTS ISSUE WITH WARRANTS;
• PRIVATE PLACEMENT WITH WARRANTS; AND
• M&A AMENDMENTS.

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

1. INTRODUCTION

We refer to the announcements dated 17 September 2013, 19 November 2013, 28 February 2014, 11 April 2014, 16 May 2014, 10 June 2014, 12 August 2014, 13 August 2014, 30 September 2014 and Circular to Shareholders dated 14 March 2014 (“Circular”) in relation to the Proposals. (Unless otherwise defined, all terms used in this announcement shall have the same meaning ascribed in the aforesaid announcements and Circular.)

On behalf of the Board, AmInvestment Bank is pleased to announce the following:-

(i) the issue price of the Placement Shares has been fixed at RM1.00 per Placement Share (“Placement Issue Price”);

(ii) the issue price of the Rights Shares has been fixed at RM1.00 per Rights Share (“RI Issue Price”); and

(iii) the exercise price of the Warrants has been fixed at RM1.00 per Warrant (“Exercise Price”).

On behalf of the Board, AmInvestment Bank also wishes to announce that Y&G has today executed the deed poll constituting the Warrants.

2. THE ISSUE PRICE OF THE PLACEMENT SHARES AND RIGHTS SHARES, AND THE EXERCISE PRICE OF THE WARRANTS

2.1 Placement Shares

The Placement Issue Price was arrived at after taking into account the par value of Y&G Shares of RM1.00 each and the current market price of Y&G Shares.

The Placement Issue Price represents a premium of 20.5% to the five (5)-day volume-weighted average market price (“VWAP”) of Y&G Shares up to the date immediately prior to the date of this announcement (“Price Fixing Date”) of RM0.83 per Y&G Share.


2.2 Rights Shares

The RI Issue Price was arrived at based on market-based principles (i.e. the then prevailing market conditions and market price of the Y&G Shares, amongst others), at a level that is in the best interest of the Company, after taking into consideration the following:-

(a) the funding requirements of the Y&G Group;

(b) the theoretical ex-rights price (“TERP”) of the Y&G Shares;

(c) the issue price shall not be lower than the par value of the Y&G Shares of RM1.00.

The RI Issue Price represents a premium of approximately 16.3% to the TERP of RM0.86 per Y&G Share, calculated based on the five (5)-day VWAP of Y&G Shares up to and including 24 September 2014, being the last trading day immediately preceding the Price Fixing Date, of RM0.83 per Y&G Share.

2.3 Warrants

The Exercise Price was arrived at after taking into consideration, amongst others, the following:-

(a) the historical price movement of the Y&G Shares;

(b) the potential future earnings of the Y&G Group; and

(c) the exercise price shall not be lower than the par value of the Y&G Shares of RM1.00.

The Exercise Price represents a premium of approximately 16.3% to the TERP of RM0.86 per Y&G Share, calculated based on the five (5)-day VWAP of Y&G Shares up to and including 24 September 2014, being the last trading day immediately preceding the Price Fixing Date, of RM0.83 per Y&G Share.

The new Shares (where applicable) and Warrants to be issued pursuant to the Free Warrants, Private Placement with Warrants, Rights Issue with Warrants and Related Party Acquisitions will be listed simultaneously.


This announcement is dated 8 October 2014



SPSETIA - 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 NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced8 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoC&-141008-39F04

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 - RM0.75
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AMUNDI)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (KIB)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (RHB INV)
Citigroup Nominees (Tempatan) Sdn Bhd (NOMURA)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ARIM)
Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN)
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)
Acquired02/10/2014
200,000
 

Circumstances by reason of which change has occurredAcquisition of Shares
Nature of interestDirect
Direct (units)157,844,175 
Direct (%)6.22 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change157,844,175
Date of notice03/10/2014

Remarks :
Form 29B received on 8/10/2014


LYSAGHT - Changes in Director's Interest (S135) - Chew Meu Jong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameLYSAGHT GALVANIZED STEEL BERHAD  
Stock Name LYSAGHT  
Date Announced8 Oct 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoC2-140925-58424

Information Compiled By KLSE

Particulars of Director

NameChew Meu Jong
Address8, Jalan 16/14
46350 Petaling Jaya
Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary Shares of RM1.00

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
30/09/2014
22,978,200
 

Description of other type of transactionDeemed interest in 22,978,200 shares by virtue of her being the sole Managing Director of Chew Brothers (M) Sdn Bhd which in turn holds 40% in Lysaght (Malaysia) Sdn Bhd, her spouse Mr Ho Lam Fook's interest in shares and her late father Mr Chew Kar Heing's interest in shares.
Circumstances by reason of which change has occurred
Nature of interestDeemed Interest
Consideration (if any) 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)22,978,200 
Indirect/deemed interest (%)55.26 
Date of notice30/09/2014

Remarks :
This Notice of Directors' Interest pursuant to Section 135 of the Companies Act, 1965 was received on 8 October 2014.

Ms Chew Meu Jong's indirect shares are as follows:-

Lysaght (Malaysia) Sdn Bhd - 22,925,700 shares
Ho Lam Fook (Spouse) - 31,500 shares
Estate of the late Mr Chew Kar Heing - 21,000 shares


RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced8 Oct 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-141008-62075

Date of buy back08/10/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)624,000
Minimum price paid for each share purchased ($$)0.320
Maximum price paid for each share purchased ($$)0.330
Total consideration paid ($$)203,112.05
Number of shares purchased retained in treasury (units)624,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)39,570,400
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 (%)3.37


TGL - OTHERS Changes in the composition of the Nomination Committee ("NC")

Announcement Type: General Announcement
Company NameTEO GUAN LEE CORPORATION BERHAD  
Stock Name TGL  
Date Announced8 Oct 2014  
CategoryGeneral Announcement
Reference NoCP-141008-51598

TypeAnnouncement
SubjectOTHERS
DescriptionChanges in the composition of the Nomination Committee ("NC")

The Board of Directors of Teo Guan Lee Corporation Berhad ("the Company") wishes to announce that Mr Lee Kean Cheong has been appointed as a NC Member with effect from 8 October 2014.

Following the above appointment, the new composition of the NC of the Company is as follows :-

Nomination Committee:

1. Dato' Mustapha bin Abdul Hamid - Chairman

2. Mr Chan Wah Chong - Member

3. Mr Lee Kean Cheong - Member

This announcement is dated 8 October 2014.

 

 


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