December 16, 2014

Company announcements: BIOSIS, DPS, KEINHIN, SUCCESS, TAFI, MINETEC-WA, GLOBALC, WZSATU

BIOSIS - OTHERS BIOSIS GROUP BERHAD (“BIOSIS” OR “COMPANY”) Proposed Schemes of Arrangement under Section 176 of the Companies Act, 1965

Announcement Type: General Announcement
Company NameBIOSIS GROUP BERHAD  
Stock Name BIOSIS  
Date Announced16 Dec 2014  
CategoryGeneral Announcement
Reference NoCM-141216-58423

TypeAnnouncement
SubjectOTHERS
DescriptionBIOSIS GROUP BERHAD (“BIOSIS” OR “COMPANY”)
Proposed Schemes of Arrangement under Section 176 of the Companies Act, 1965

Further to the Company’s announcement made on 26 November 2014, the Board of Directors of BIOSIS wishes to announce the results of the Court Convened Meetings of scheme creditors pursuant to Section 176 of the Companies Act, 1965 held on Monday, 15 December 2014 at the Tioman Room, Bukit Jalil Golf & Country Resort, Jalan Jalil Perkasa 3, Bukit Jalil, 57000 Kuala Lumpur were as follows:-


SchemeResults
Scheme D - Proposed Debt Settlement with Unsecured Creditors of Biosis Cosmeceuticals Sdn BhdScheme approved
Scheme E - Proposed Debt Settlement with Hire Purchase Creditor of Biosis Cosmeceuticals Sdn BhdAdjourned to 30 January 2015
Scheme F - Proposed Debt Settlement with RCCPS HolderScheme approved
Scheme G - Proposed Arrangement with Minority Biosis Pharmaceuticals Sdn Bhd HolderScheme approved

This announcement is dated 16 December 2014.



DPS - Rights Issue (Amended Announcement)

Announcement Type: Entitlements (Notice of Book Closure)
Company NameDPS RESOURCES BERHAD  
Stock Name DPS  
Date Announced16 Dec 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoOS-141215-57234

EX-date19/12/2014
Entitlement date23/12/2014
Entitlement time05:00:00 PM
Entitlement subjectRights Issue
Entitlement descriptionRENOUNCEABLE RIGHTS ISSUE OF UP TO 659,838,788 NEW ORDINARY SHARES OF RM0.10 EACH IN DPS RESOURCES BERHAD (“DPS”) (“DPS SHARES”) (“RIGHTS SHARES”) ON THE BASIS OF TWO (2) RIGHTS SHARES FOR EVERY ONE (1) EXISTING DPS SHARE HELD AS AT 5.00 P.M. ON 23 DECEMBER 2014 AT AN ISSUE PRICE OF RM0.10 PER RIGHTS SHARE, TOGETHER WITH UP TO 395,903,272 FREE DETACHABLE WARRANTS (“RIGHTS WARRANTS”) ON THE BASIS OF THREE (3) RIGHTS WARRANTS FOR EVERY FIVE (5) RIGHTS SHARES SUBSCRIBED FOR (“RIGHTS ISSUE OF SHARES WITH WARRANTS”)
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 noSecurities Services (Holdings) Sdn Bhd
Level 7, Menara Milenium
Jalan Damanlela
Pusat Bandar Damansara
Damansara Heights
50490 Kuala Lumpur
Tel: 03-2084 9000
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers23/12/2014 
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)659838788 
Entitlement indicatorRatio
Ratio 2 : 1
Rights Issues/Offer Price 0.1

Remarks :
The telephone number of the Registrar should be read as 03-2084 9000.


KEINHIN - Quarterly rpt on consolidated results for the financial period ended 31/10/2014

Announcement Type: Financial Results
Company NameKEIN HING INTERNATIONAL BERHAD  
Stock Name KEINHIN  
Date Announced16 Dec 2014  
CategoryFinancial Results
Reference NoCC-141209-49652

Financial Year End30/04/2015
Quarter2
Quarterly report for the financial period ended31/10/2014
The figureshave not been audited

Attachments

2nd Quarter 30 April 2015.pdf
689 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/10/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/10/2014
31/10/2013
31/10/2014
31/10/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
48,930
41,046
97,385
79,626
2Profit/(loss) before tax
1,279
1,353
3,947
1,671
3Profit/(loss) for the period
850
1,141
2,865
1,262
4Profit/(loss) attributable to ordinary equity holders of the parent
535
712
2,102
522
5Basic earnings/(loss) per share (Subunit)
0.54
0.72
2.12
0.53
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 ($$)
0.9000
0.8800
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


SUCCESS - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameSUCCESS TRANSFORMER CORPORATION BERHAD  
Stock Name SUCCESS  
Date Announced16 Dec 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-141216-55860

Date of buy back15/12/2014
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)50,000
Minimum price paid for each share purchased ($$)1.530
Maximum price paid for each share purchased ($$)1.600
Total consideration paid ($$)78,270.00
Number of shares purchased retained in treasury (units)50,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)3,536,777
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 (%)2.95

Remarks :
The percentage of shares purchased above is determined based on the number of oustanding shares issued (inclusive of shares purchased and retained as treasury shares from time to time)


TAFI - Changes in Sub. S-hldr's Int. (29B) - Terk Yew Tee

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTAFI INDUSTRIES BERHAD  
Stock Name TAFI  
Date Announced16 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-141216-106FC

Particulars of substantial Securities Holder

NameTerk Yew Tee
Address46 Jalan Ozana 26, Ozana Villas, Bukit Katil, 75450 Melaka.
NRIC/Passport No/Company No.550507-01-5487
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1. TERK YEW TEE

2. MAYBANK SECURITIES NOMINEES (TEMPATAN) SDN. BHD. - PLEDGED SECURITIES ACCOUNT FOR TERK YEW TEE.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Transferred16/12/2014
1,250,000
 

Circumstances by reason of which change has occurredTransfer of account
Nature of interestDirect
Direct (units)4,106,500 
Direct (%)5.301 
Indirect/deemed interest (units)66,500 
Indirect/deemed interest (%)0.086 
Total no of securities after change4,173,000
Date of notice16/12/2014

Remarks :
The transfer of securities on 16 December 2014 was from Mr. Terk Yew Tee to Maybank Securities Nominees (Tempatan) Sdn. Bhd. - Pledged Securities Account for Mr. Terk Yew Tee, without any change to the beneficial owner i.e. Mr. Terk Yew Tee.


MINETEC-WA - Changes in Director's Interest (S135) - Low Choon Lan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMINETECH RESOURCES BERHAD  
Stock Name MINETEC-WA  
Date Announced16 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141215-03D90

Information Compiled By KLSE

Particulars of Director

NameLow Choon Lan
Address3 Elitis Bayu Valencia
47000 Sungai Buloh
Selangor Darul Ehsan
Malaysia
Descriptions(Class & nominal value)Warrants "A"

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
11/12/2014
423,600
0.040 

Circumstances by reason of which change has occurredDisposal of Warrants "A"
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)85,471,410 
Indirect/deemed interest (%)25.71 
Date of notice16/12/2014

Remarks :
A. The indirect interest in 85,471,410 warrants are deemed interested by virtue of her spouse, Choy Sen @ Chin Kim Sang's warrants holdings in Minetech Resources Berhad.

B. This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements.

C. The percentage of 423,600 warrants disposed by Choy Sen @ Chin Kim Sang is 0.13%.


MINETEC-WA - Changes in Director's Interest (S135) - Choy Sen @ Chin Kim Sang

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMINETECH RESOURCES BERHAD  
Stock Name MINETEC-WA  
Date Announced16 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141215-03D70

Information Compiled By KLSE

Particulars of Director

NameChoy Sen @ Chin Kim Sang
Address3 Elitis Bayu Valencia
47000 Sungai Buloh
Selangor Darul Ehsan
Malaysia
Descriptions(Class & nominal value)Warrants "A"

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
11/12/2014
423,600
0.040 

Circumstances by reason of which change has occurredDisposal of Warrants "A"
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)85,471,410 
Direct (%)25.71 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice16/12/2014

Remarks :
A. This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements.

B. The percentage of 423,600 warrants disposed by Choy Sen @ Chin Kim Sang is 0.13%.


GLOBALC - DE-LISTING OF GLOBAL CARRIERS BERHAD

Announcement Type: Listing Circular
Company NameGLOBAL CARRIERS BERHAD  
Stock Name GLOBALC  
Date Announced16 Dec 2014  
CategoryListing Circular
Reference NoCW-141216-50229

LISTING'S CIRCULAR NO. L/Q : 72158 OF 2014


    Bursa Malaysia Securities Berhad (Bursa Securities) had dismissed Global Carriers Berhad’s appeal against de-listing of the company's securities from the Official List of Bursa Securities pursuant to paragraph 8.04 of Bursa Securities Main Market Listing Requirements.

    In the circumstances, the securities of the company will be removed from the Official List of Bursa Securities on Friday, 19 December 2014.

    Effect of De-listing from the Official List of Bursa Securities

    With respect to the securities of the company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (Bursa Depository), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the company's securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

    Alternatively, shareholders of the company who intend to hold their securities in the form of physical certificates can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the company have been de-listed from the Official List of Bursa Securities.

    This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

    Upon the de-listing of the company, the company will continue to exist but as an unlisted entity. The company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.


GLOBALC - PRACTICE NOTE 17 / GUIDANCE NOTE 3:SUSPENSION AND/OR DELISTING

Announcement Type: General Announcement
Company NameGLOBAL CARRIERS BERHAD  
Stock Name GLOBALC  
Date Announced16 Dec 2014  
CategoryGeneral Announcement
Reference NoOS-141216-61782

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
SUSPENSION AND/OR DELISTING
DescriptionGLOBAL CARRIERS BERHAD ("GCB" OR THE "COMPANY")

APPEAL AGAIINST THE DELISTING UNDER PARAGRAPH 8.04 OF BURSA MALAYSIA SECURIITIES BERHAD ("BURSA SECURITIES") MAIN MARKET LISTING REQUIREMENTS ("MAIN MARKET LR")

Reference is made to the announcement dated 24 October 2014 in respect to the Appeal.

 

M&A Securities Sdn Bhd, on behalf of the Company, wishes to announce that after due deliberation and having considered all the facts and circumstances of the matter including the written and oral representations of the Company, Bursa Securities had vide its letter dated 16 December 2014, has resolved to:-

 

  1. Dismiss the Company’s appeal for an extension of time until June 2015 to submit its regularisation plan to the relevant authorities for approval; and

     

  2. De-list the securities of GCB from the Official List of Bursa Securities pursuant to Paragraph 8.04 of the Main Market LR

 

In this circumstance, the securities of the Company will be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date of this announcement i.e. on Friday, 19 December 2014.

 

In arriving at the aforesaid decision, Bursa Securities had considered, amongst others, the following factors:-

 

  1. Since the first announcement on 1 March 2013 and as at 11 December 2014, GCB has had approximately twenty two (22) months to submit its regularisation plan;

     

  2. GCB had failed to regularise the Company’s financial condition in accordance with Paragraph 8.04 of the Main Market LR and Practice Note 17 (“PN17”);

     

  3. There was no reasonable justification to allow the extension of time in view of the following:-

     

  1. The Company was still in the negotiation with the white knight and had yet to execute a definitive agreement with the white knight, the proposed reverse take-over (“RTO”) was still very preliminary and hence, lacked certainty; and

  2. There was no material development or progress in respect of the finalisation and/or submission of the Company’s proposed regularisation plan as well as lack of clarity/certainty in the regularisation plan to address the business of the Company and resolve all problems, financial or otherwise that had caused GCB to trigger the PN17 criteria.

    d. In the opinion of Bursa Securities, adequate time and opportunity had been accorded to GCB to regularise the Company’s financial condition since GCB’s first announcement on 1 March 2013.

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

 

Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. Shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

 

Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.

 

This announcement is dated 16 December 2014.



WZSATU - OTHERS WZ SATU BERHAD ("WZ SATU" OR "THE GROUP") - Letter of Award from Laksana Amanbina Sdn. Bhd. for the Construction and Completion of Earthworks and Infrastructure Works Connect to Existing Package 1, Kuantan, Pahang Darul Makmur

Announcement Type: General Announcement
Company NameWZ SATU BERHAD  
Stock Name WZSATU  
Date Announced16 Dec 2014  
CategoryGeneral Announcement
Reference NoCS-141201-36790

TypeAnnouncement
SubjectOTHERS
DescriptionWZ SATU BERHAD ("WZ SATU" OR "THE GROUP") - Letter of Award from Laksana Amanbina Sdn. Bhd. for the Construction and Completion of Earthworks and Infrastructure Works Connect to Existing Package 1, Kuantan, Pahang Darul Makmur

The Board of Directors of WZ SATU wishes to announce that its wholly-owned subsidiary, WZS KenKeong Sdn. Bhd. (formerly known as KenKeong Sdn. Bhd.), has on 16 December 2014 received a letter of award from Laksana Amanbina Sdn. Bhd. for a total value of RM33,703,034.70 ("Award") in relation to the construction and completion of earthworks and infrastructure works connect to existing Package 1, Kuantan, Pahang Darul Makmur ("the Project"). The Project includes earthworks, infrastructure works and street lighting services.

The Project is expected to be completed within fifty-eight (58) weeks.

WZ Satu does not foresee any exceptional risk other than the normal operational risk associated with the Award and will take the necessary steps to mitigate the risks as and when it occurs.

None of the Directors and/or Major Shareholders and/or persons connected to them, has any interest, direct or indirect in the Award.

The Award is expected to contribute positively to the future earnings and net assets per share of the Group for the financial year ending 31 August 2015.

The Board of Directors of WZ Satu is of the opinion that the Award is in the best interest of the Company.

This announcement is dated 16 December 2014.




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