November 28, 2014

Company announcements: SIME, KSL, MUDAJYA, SIGGAS, VS, PJBUMI, LFECORP, SERNKOU, TEXCHEM

SIME - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameSIME DARBY BERHAD  
Stock Name SIME  
Date Announced28 Nov 2014  
CategoryGeneral Announcement
Reference NoSD-141124-72678

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionProvision of Financial Assistance

Letter of Indemnity

Sime Darby Berhad (Sime Darby or the Company) had, on 27 February 2008, announced that it had during the quarter ended 31 December 2007, issued a Letter of Indemnity to the Directors of Sarawak Hidro Sdn Bhd (Sarawak Hidro) to indemnify them from all consequences, liabilities, damages or losses which they may suffer as a result of their agreeing to Sarawak Hidro providing financial assistance to the Malaysian-China Hydro Joint Venture (MCH JV) for the completion of the CW2 Package for the main civil works for the Bakun Hydroelectric Project by the MCH JV.

The said Letter of Indemnity is still subsisting but it will have no material financial impact on the Sime Darby Group unless it is called upon.

In consideration of Sime Darby providing the Letter of Indemnity to the Directors of Sarawak Hidro as aforementioned, the following parties in the MCH JV have given counter guarantees and indemnities to Sime Darby, proportionate to their respective interest in the MCH JV:

i. Sime Engineering Sdn. Bhd.

ii. Sinohydro Corporation

iii. WCT Engineering Berhad

iv. MTD Capital Berhad.

This announcement is dated 28 November 2014.



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

Announcement Type: General Announcement
Company NameSIME DARBY BERHAD  
Stock Name SIME  
Date Announced28 Nov 2014  
CategoryGeneral Announcement
Reference NoMI-141128-43359

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionSIME DARBY BERHAD (“SIME DARBY” OR “COMPANY”)

UPDATE ON OFFER BY SIME DARBY PLANTATION SDN BHD (“SD PLANTATION”), A WHOLLY-OWNED SUBSIDIARY OF SIME DARBY, TO ACQUIRE ALL THE VOTING SHARES IN NEW BRITAIN PALM OIL LIMITED (“NBPOL”) (“OFFER”)

Reference is made to the announcements dated 9 October 2014 and 23 October 2014 in relation to the Offer and to the Offer Document dated 23 October 2014 containing the Offer (“Offer Document”).

Maybank Investment Bank Berhad wishes to announce on behalf of the Company, the following update with respect to the status of the European Union (“EU”) merger filing.

The completion of the Offer is subject to, among others, a condition regarding the EU merger filing as follows:

i. the European Commission (“EU Commission”) issuing a decision under Article 6(1)(b) of Council Regulation (EC) 139/2004 (“EU Regulation”), or being deemed to have done so under Article 10(6) of the EU Regulation, declaring the Offer compatible with the internal market without attaching to its decision any conditions or obligations that are not reasonably satisfactory to SD Plantation, provided that SD Plantation is not obliged to accept any condition or obligation which is material; and 

ii.  if a request under Article 9(2) of the EU Regulation has been made by a member state of the EU (“Member State”), the EU Commission indicating that it has decided not to refer the Offer (or any part thereof) or any matter arising there from to a competent authority of a Member State in accordance with Article 9(1) of the EU Regulation.

Following recent discussions with the EU Commission, it has been determined that additional time will be required for the collation of further market data to aid the analysis of the complex and dynamic palm oil market in Europe and the impact of the proposed transaction. This will result in a delay in the expected timing of the EU Commission’s clearance decision.

To address this matter, SD Plantation will, in due course, issue a notice of variation (“Notice”), in accordance with Sections 7, 13 and 15 of the Offer Document and Rule 13 and Rule 15 of the Code in order to vary the Offer by extending the current Offer Period to give sufficient time to satisfy the EU merger filing condition (and any other conditions which have not been satisfied by the date on which the Notice is issued). However, exact dates will be determined following further discussions with the EU Commission and a further announcement on the revised Offer Period will be made in due course. Except as otherwise provided in this announcement, terms defined in the Offer Document have the same meaning when used in this announcement.

This announcement is dated 28 November 2014.



KSL - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameKSL HOLDINGS BERHAD  
Stock Name KSL  
Date Announced28 Nov 2014  
CategoryGeneral Meetings
Reference NoML-141126-56354

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting28/11/2014
Time11:00 AM
VenueKSL Resorts
Level G, Infusion Private Room
33, Jalan Seladang, Taman Abad
80250 Johor Bahru
Johor Darul Takzim
Outcome of Meeting

On behalf of the Board of Directors of KSL Holdings Berhad ("KSL"), Hong Leong Investment Bank Berhad wishes to announce that at the extraordinary general meeting ("EGM") of KSL held on 28 November 2014, the shareholders of KSL have approved all the resolutions set out in the Notice of EGM dated 6 November 2014.

 

This announcement is dated 28 November 2014.

 

 



MUDAJYA - OTHERS Mudajaya Group Berhad ("Mudajaya" Or "The Company") Disclosure In Relation To Any Agreement, Arrangement, Joint Venture Or Collaboration For The Purpose Of Bidding For Or Securing A Project Or Contract (Collectively Referred To As "Ventures")

Announcement Type: General Announcement
Company NameMUDAJAYA GROUP BERHAD  
Stock Name MUDAJYA  
Date Announced28 Nov 2014  
CategoryGeneral Announcement
Reference NoMG-141127-BBA34

TypeAnnouncement
SubjectOTHERS
DescriptionMudajaya Group Berhad ("Mudajaya" Or "The Company")
Disclosure In Relation To Any Agreement, Arrangement, Joint Venture Or Collaboration For The Purpose Of Bidding For Or Securing A Project Or Contract (Collectively Referred To As "Ventures")

Pursuant to Bursa Malaysia’s letter dated 4 August 2006 in relation to disclosures on the abovementioned, the Board of Directors of Mudajaya wishes to announce the status of its Ventures as follows:-

1. Joint Venture (“JV”) between R K Powergen Private Limited and Mudajaya Corporation Berhad, a wholly-owned subsidiary of Mudajaya Group Berhad for a coal-fired Independent Power Producer Project (“IPP Project”) in the State of Chhattisgarh, India

There is no further update on the JV since the last announcement dated 26 August 2014.


2. Memorandum of Understanding (“MOU”) between Mudajaya Middle East Ltd ("MMEL") and Modern Electro-Mechanical Projects Limited and Mr Mubarak Abdullah bin Mohammed Al Khafra

There is no further update on the MOU since the last announcement made on 26 August 2014.


3. Memorandum of Understanding (“MOU”) between Mudajaya Corporation Berhad and the Government of the Lao People's Democratic Republic, represented by the Ministry of Planning and Investment

There is no further update on the MOU since the last announcement made on 26 August 2014.


4. Memorandum of Understanding (“MOU”) between Mudajaya Corporation Berhad and the Government of Mandalay represented by the Minister for Electricity and Industry; and Koon Yew Yin

There is no further update on the MOU since the last announcement made on 26 August 2014.

5. Joint Venture between Mulpha Land Berhad and MJC Development Sdn Bhd, a wholly-owned subsidiary of Mudajaya Corporation Berhad, in respect of Mayfair Ventures Sdn Bhd

There is no further update on the JV since the last announcement made on 26 August 2014.

6. Memorandum of Agreement (“MOA”) between Mudajaya Corporation Berhad and PT Indomuda Satria Internusa and PT Harmoni Energy Indonesia

There is no further update on the MOA since the last announcement made on 26 August 2014.

This announcement is dated 28 November 2014.



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

Announcement Type: General Announcement
Company NameSIG GASES BERHAD  
Stock Name SIGGAS  
Date Announced28 Nov 2014  
CategoryGeneral Announcement
Reference NoMI-141128-35142

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMEMORANDUM OF UNDERSTANDING FOR PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN PIASAU GAS SDN BHD BY SIG GASES BERHAD (“SIG”) (“PROPOSED ACQUISITION”)

We refer to the announcement dated 22 September 2014 in relation to the Proposed Acquisition (“Announcement”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.

Further to the Company’s announcement on 22 September 2014, on behalf of the Board of Directors of SIG, Kenanga Investment Bank Berhad wishes to inform that SIG and the Vendors are in the midst of negotiating for a mutual extension of the MOU which will expire on 30 November 2014 to 31 January 2015. An announcement will be made in due course upon the signing of the mutual extension of the MOU, if materialized.


This announcement is dated 28 November 2014.



VS - Circular/Notice to Shareholders

Announcement Type: PDF Submission
Company NameV.S. INDUSTRY BERHAD  
Stock Name VS  
Date Announced28 Nov 2014  
CategoryPDF Submission
Reference NoVI-141112-663F0

SubjectPART A
SHARE BUY-BACK STATEMENT IN RELATION TO THE PROPOSED RENEWAL OF SHAREHOLDERS' APPROVAL FOR SHARE BUY-BACK BY THE COMPANY UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF THE COMPANY
(“PROPOSED SHARE BUY-BACK”)

PART B
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED NEW SHAREHOLDERS’ MANDATE AND RENEWAL OF SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
(“PROPOSED SHAREHOLDERS’ MANDATE”)

Attachments

VS Circular.pdf
703 KB






PJBUMI - Quarterly rpt on consolidated results for the financial period ended 30/9/2014

Announcement Type: Financial Results
Company NamePJBUMI BERHAD  
Stock Name PJBUMI  
Date Announced28 Nov 2014  
CategoryFinancial Results
Reference NoCC-141127-33182

Financial Year End31/12/2014
Quarter3
Quarterly report for the financial period ended30/09/2014
The figureshave not been audited

Attachments

Q32014 announcement.pdf
225 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
3,927
7,944
12,608
14,687
2Profit/(loss) before tax
42
1,610
260
7,789
3Profit/(loss) for the period
-142
1,011
1,147
6,900
4Profit/(loss) attributable to ordinary equity holders of the parent
-142
1,011
1,147
6,900
5Basic earnings/(loss) per share (Subunit)
-0.28
2.02
2.29
13.80
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 ($$)
0.2000
0.1800
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


LFECORP - Annual Audited Accounts - 31 July 2014

Announcement Type: PDF Submission
Company NameLFE CORPORATION BERHAD  
Stock Name LFECORP  
Date Announced28 Nov 2014  
CategoryPDF Submission
Reference NoLC-141128-45623

SubjectAnnual Audited Accounts - 31 July 2014

Attachments

LFE Corp Bhd 2014.pdf
628 KB






SERNKOU - Quarterly rpt on consolidated results for the financial period ended 30/9/2014

Announcement Type: Financial Results
Company NameSERN KOU RESOURCES BERHAD  
Stock Name SERNKOU  
Date Announced28 Nov 2014  
CategoryFinancial Results
Reference NoCA-141119-42182

Financial Year End30/06/2015
Quarter1
Quarterly report for the financial period ended30/09/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
27,334
23,231
27,334
23,231
2Profit/(loss) before tax
560
-1,575
560
-1,575
3Profit/(loss) for the period
548
-1,591
548
-1,591
4Profit/(loss) attributable to ordinary equity holders of the parent
548
-1,591
548
-1,591
5Basic earnings/(loss) per share (Subunit)
0.46
-1.33
0.46
-1.33
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 ($$)
0.5200
0.5100
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


TEXCHEM - PROPOSED DISPOSAL OF 1.4 MILLION ORDINARY SHARES OF RM1.00 EACH IN SUSHI KIN SDN. BHD. (“SUSHI KIN”), REPRESENTING 28% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SUSHI KIN BY TEXCHEM RESOURCES BHD. TO ASIA YOSHINOYA INTERNATIONAL SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM102.2 MILLION (“PROPOSED DISPOSAL”)

Announcement Type: General Announcement
Company NameTEXCHEM RESOURCES BERHAD  
Stock Name TEXCHEM  
Date Announced28 Nov 2014  
CategoryGeneral Announcement
Reference NoTR-141128-42266

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-141127-41246
SubjectPROPOSED DISPOSAL OF 1.4 MILLION ORDINARY SHARES OF RM1.00 EACH IN SUSHI KIN SDN. BHD. (“SUSHI KIN”), REPRESENTING 28% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SUSHI KIN BY TEXCHEM RESOURCES BHD. TO ASIA YOSHINOYA INTERNATIONAL SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM102.2 MILLION (“PROPOSED DISPOSAL”)
DescriptionPROPOSED DISPOSAL OF 1.4 MILLION ORDINARY SHARES OF RM1.00 EACH IN SUSHI KIN SDN. BHD. (“SUSHI KIN”), REPRESENTING 28% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SUSHI KIN BY TEXCHEM RESOURCES BHD. TO ASIA YOSHINOYA INTERNATIONAL SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM102.2 MILLION (“PROPOSED DISPOSAL”)
Query Letter Contents We refer to your Company's announcement dated 26 November 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. The original cost of investment in the Disposal Shares and date of the
investment.
2. Information on Sushi Kin as per Item 19(d), Part A, Appendix 10A of the
Main Market Listing Requirements.
3. Whether the Proposed Disposal is subject to any relevant government
authorities' approval.
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)

Further to your queries dated 27 November 2014 on the abovesaid announcement made on 26 November 2014, the Board of Directors of Texchem Resources Bhd. wishes to announce the following:

1. The original cost of investment of the Sale Shares is RM4.59 million and the date of such investment is 29 December 2003.

2. The financial information of Sushi Kin based on the audited financial statements for the financial years ended 31 December 2011, 2012 and 2013 and the latest unaudited interim results are as follows:

Audited

2011

RM’Million

Audited

2012

RM’Million

Audited

2013

RM’Million

Unaudited

1.1.2014 – 30.9.2014

RM’Million

Turnover

122.05

142.63

167.48

143.20

Profit Before Tax

13.49

18.93

23.67

15.90

Profit After Tax

10.48

13.21

19.52

12.27

Minority Interest

N/A

N/A

N/A

N/A

3. The Proposed Disposal is not subject to any relevant government authorities’ approval.

This announcement is dated 28 November 2014.



No comments:

Post a Comment