October 31, 2014

Company announcements: YFG, KNM, AHB, BERTAM, AKNIGHT

YFG - Annual Audited Accounts - 30 June 2014

Announcement Type: PDF Submission
Company NameYFG BERHAD  
Stock Name YFG  
Date Announced31 Oct 2014  
CategoryPDF Submission
Reference NoYY-141031-69415

SubjectAnnual Audited Accounts - 30 June 2014


KNM - 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 NameKNM GROUP BERHAD  
Stock Name KNM  
Date Announced31 Oct 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKG-141031-18284

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 RM0.50 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd for EPF (HDBS)
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Citigroup Nominees (Tempatan) Sdn Bhd for EPF (RHB INV)
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Citigroup Nominees (Tempatan) Sdn Bhd for EPF (MAYBAN)
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Citigroup Nominees (Tempatan) Sdn Bhd for EPF (NOMURA)
Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Citigroup Nominees (Tempatan) Sdn Bhd for EPF (TEMPLETON)
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)
Disposed28/10/2014
1,480,000
 

Circumstances by reason of which change has occurredDisposal of shares by EPF/EPF's portfolio manager
Nature of interestDirect
Direct (units)84,482,000 
Direct (%)5.23 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change84,482,000
Date of notice29/10/2014

Remarks :
1. The Company had on 31 October 2014 received the Notice of Change in the Interest of Substantial Shareholder (Form 29B) dated 29 October 2014.

2. Percentage interest is based on the total issued and paid-up share capital of 1,615,638,577 ordinary shares, which excludes a total of 23,281,275 ordinary shares held as treasury shares as at 31 October 2014.


KNM - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameKNM GROUP BERHAD  
Stock Name KNM  
Date Announced31 Oct 2014  
CategoryGeneral Announcement
Reference NoKG-141031-F446D

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionIN THE MATTER OF ARBITRATION BETWEEN KNM PROCESS SYSTEMS SDN BHD AND MISSION BIOFUELS SDN BHD

Reference is made to the announcement made by KNM Group Berhad (“KNM” or the “Company’) on 2 May 2014 in respect of the arbitration proceedings between the Company’s wholly-owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS”) as the Claimant and Mission Biofuels Sdn Bhd (“Mission”) as the Respondent (the “Arbitration Proceedings”) in connection with the Engineering, Procurement, Construction and Commissioning Contract dated 25 July 1997 (“EPCC”) for the construction of a Biodiesel Plant in Kuantan Port, Pahang (the “Biodiesel Plant”). Details of KNMPS’s claim against Mission can be found in the announcement mentioned earlier.

The hearing of the Arbitration Proceedings shall commence on 4 February 2015 and scheduled to be completed on 16 April 2015. 

Meanwhile, KNMPS had also sought and have obtained an Order from the Court on 29 October 2014, a declaration that KNMPS, as the EPCC Contractor, has a valid lien over the Biodiesel Plant.

The said Court Order confirms and reinforces KNMPS’s interest in the Biodiesel Plant as a lien holder and effectively restricts Mission’s ability to deal with the Biodiesel Plant without first coming to terms with the various claims that KNMPS has sought to recover against Mission in the Arbitration Proceedings. Our lawyers are also of the view that the said Court Order would enhance KNMPS’s chances of recovering the amounts which are awarded to them in the Arbitration Proceedings.

This announcement is dated 31 October 2014.

 


AHB - Annual Audited Accounts - 30 June 2014

Announcement Type: PDF Submission
Company NameAHB HOLDINGS BERHAD  
Stock Name AHB  
Date Announced31 Oct 2014  
CategoryPDF Submission
Reference NoCC-141031-61562

SubjectAnnual Audited Accounts - 30 June 2014


AHB - OTHERS AHB HOLDINGS BERHAD (“AHB” or “the Company”) Qualification in External Auditor’s Report for the Audited Financial Statements for the financial year ended 30 June 2014

Announcement Type: General Announcement
Company NameAHB HOLDINGS BERHAD  
Stock Name AHB  
Date Announced31 Oct 2014  
CategoryGeneral Announcement
Reference NoCC-141031-58509

TypeAnnouncement
SubjectOTHERS
DescriptionAHB HOLDINGS BERHAD (“AHB” or “the Company”)
Qualification in External Auditor’s Report for the Audited Financial Statements for the financial year ended 30 June 2014

Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and further to the submission of the Audited Financial Statements for the financial year ended 30 June 2014 of the Company to Bursa Malaysia Securities Berhad on 31 October 2014, the Board of Directors of AHB wishes to announce that Messrs. SJ Grant Thornton, the Company's External Auditors, had expressed a disclaimer opinion in the Company’s Audited Financial Statements for the financial year ended 30 June 2014.

A copy of Messrs. SJ Grant Thornton’s report is annexed.

This announcement is dated 31 October 2014.



AHB - PRACTICE NOTE 17 / GUIDANCE NOTE 3:FIRST ANNOUNCEMENT

Announcement Type: General Announcement
Company NameAHB HOLDINGS BERHAD  
Stock Name AHB  
Date Announced31 Oct 2014  
CategoryGeneral Announcement
Reference NoCC-141031-59041

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
FIRST ANNOUNCEMENT
DescriptionAHB HOLDINGS BERHAD (“AHB” or “the Company”)
First Announcement Pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berha

1. INTRODUCTION

The Board of Directors of AHB wishes to announce that AHB has triggered the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(d) of Practice Note 17 (“PN17”) under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”). Hence, as of the date hereof, the Company is considered as a PN17 company.

The PN17 criteria was triggered as the Company’s latest audited financial statements for the financial year ended 30 June 2014 that was announced on 31 October 2014 where, the Company’s External Auditors have expressed a disclaimer opinion in the Company’s latest audited financial statements for the financial year ended 30 June 2014 (“First Announcement”).

The Board wishes to highlight that the External Auditor’s disclaimer is caused by the uncertainties on the various effects on the financial statements in the event of deconsolidation of one of its wholly owned subsidiary that has been wound up. However, AHB‘s solicitor had already commenced the process to urgently settle all outstanding matters to allow for the said subsidiary to apply to the court for a stay of winding up order.

2. OBLIGATIONS OF THE COMPANY PURSUANT TO PN17

Pursuant to PN17, the Company is required to comply with the following:

(i) within twelve (12) months from the date of this First Announcement;
(a) submit a regularisation plan to the Securities Commission (“SC”) if the plan will result in a significant change in the business direction or policy of the Company; or
(b) submit a regularisation plan to Bursa Securities if the plan will not result in a significant change in the business direction or policy of the Company, and obtain Bursa Securities’ approval to implement the plan;
(ii) implement the regularisation plan within the time frame stipulated by the SC or Bursa Securities, as the case may be;
(iii) announce within three (3) months from this First Announcement, on whether the regularisation plan will result in a significant change in the business direction or policy of the Company;
(iv) announce the status of its regularisation plan and the number of months to the end of the relevant time frames referred to in Paragraphs 5.1 and 5.2 of PN17, as may be applicable, on a monthly basis until further notice from Bursa Securities;
(v) announce its compliance or non-compliance with a particular obligation imposed pursuant to PN17, on an immediate basis;
(vi) announce the details of the regularisation plan (“Requisite Announcement”) and sufficient information to demonstrate that the Company is able to comply with all the requirements set out in Paragraph 3.1 of PN17 after implementation of the regularisation plan, which shall include a timetable for the complete implementation of the regularisation plan. The Requisite Announcement must be made by the Company’s Principal Adviser; and
(vii) where the Company fails to regularise its condition, it will announce the dates of suspension and de-listing of its listed securities immediately upon notification of suspension and de-listing by Bursa Securities.

3. CONSEQUENCE OF NON-COMPLIANCE

In the event the Company fails to comply with the obligations to regularise its condition, all its listed securities will be suspended from trading on the next market day after five (5) market days from the date of notification of suspension by Bursa Securities and de-listing procedures shall be taken against the Company, subject to the Company’s right to appeal against the de-listing.

4. STATUS OF PLAN TO REGULARISE CONDITION

The Company is looking into formulating a regularisation plan to address its PN17 status. The Company will make the necessary announcement on the regularisation plan in due course.

This announcement is dated 31 October 2014.



BERTAM - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameBERTAM ALLIANCE BERHAD  
Stock Name BERTAM  
Date Announced31 Oct 2014  
CategoryGeneral Meetings
Reference NoCK-141030-67713

Type of MeetingEGM
IndicatorNotice of Meeting
DescriptionNotice of Extraordinary General Meeting
Date of Meeting26/11/2014
Time10:00 AM
VenueCrown Hall 2, Level 1
Crystal Crown Hotel
No. 12 Lorong Utara A
Off Jalan Utara
46200 Petaling JAYA
Date of General Meeting Record of Depositors20/11/2014


AKNIGHT - PRACTICE NOTE 17 / GUIDANCE NOTE 3:FIRST ANNOUNCEMENT

Announcement Type: General Announcement
Company NameASIA KNIGHT BERHAD  
Stock Name AKNIGHT  
Date Announced31 Oct 2014  
CategoryGeneral Announcement
Reference NoCT-141031-7637E

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
FIRST ANNOUNCEMENT
DescriptionANNOUNCEMENT PURSUANT TO THE PRACTICE NOTE NO. 17 ("FIRST
ANNOUNCEMENT") OF THE MAIN MARKET LISTING REQUIREMENTS OF
BURSA MALAYSIA SECURITIES BERHAD

The Board of Directors of Asia Knight Berhad ("AKnight" or "Company")(the "Board") wishes to announce that AKnight is an affected listed issuer as it has triggered Paragraph 2.1(d) of the Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad as the Company Auditors have expressed disclaimer opinion in the Company's latest audited financial statements for the 18 months financial period ended 30 June 2014.

Please refer to the attachment below for further information.

This announcement is dated 31 October 2014.



AKNIGHT - OTHERS INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ASIA KNIGHT BERHAD

Announcement Type: General Announcement
Company NameASIA KNIGHT BERHAD  
Stock Name AKNIGHT  
Date Announced31 Oct 2014  
CategoryGeneral Announcement
Reference NoCT-141031-76349

TypeAnnouncement
SubjectOTHERS
DescriptionINDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ASIA KNIGHT BERHAD

Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Asia Knight Berhad wishes to inform that the external auditors’ report on the audited financial statements of the Company for the 18months financial period ended 30 June 2014 contains a disclaimer opinion by the external auditors, Messrs Nexia SSY.

Please refer to the attachment below for the Auditors’ Report.

A copy of the Auditors’ Report is annexed herewith.

This announcement is dated 31 October 2014.



AKNIGHT - Annual Audited Accounts - 30 June 2014

Announcement Type: PDF Submission
Company NameASIA KNIGHT BERHAD  
Stock Name AKNIGHT  
Date Announced31 Oct 2014  
CategoryPDF Submission
Reference NoCT-141031-76372

SubjectAnnual Audited Accounts - 30 June 2014


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