January 9, 2015

Company announcements: ECM, MMCCORP, GENP, UMCCA, FCW, YNHPROP, IJM, MWE, TCHONG

ECM - Changes in Sub. S-hldr's Int. (29B) - Clear Goal Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name ECM  
Date Announced9 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoEL-150109-96A00

Particulars of substantial Securities Holder

NameClear Goal Sdn Bhd
Address2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.736317-V
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each ("Shares")
Name & address of registered holderAmcorp Group Berhad [Deemed interest - 9,325,130 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Hikkaya Jaya Sdn Bhd [Deemed interest - 16,514,174 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Arab-Malaysian (CSL) Sdn Bhd [Deemed interest - 4,397,533 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired07/01/2015
45,300
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDeemed interest pursuant to Section 6A(4)(c) of the Companies Act, 1965
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)30,236,837 
Indirect/deemed interest (%)11.27 
Total no of securities after change30,236,837
Date of notice08/01/2015

Remarks :
The date of change is for the period from 2 to 7 January 2015.

This announcement is made on 9 January 2015.


ECM - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Azman Hashim

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameECM LIBRA FINANCIAL GROUP BERHAD  
Stock Name ECM  
Date Announced9 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoEL-150109-969E0

Particulars of substantial Securities Holder

NameTan Sri Azman Hashim
Address2, Jalan Teberau 1
Ukay Heights
68000 Ampang
NRIC/Passport No/Company No.390717-10-5069
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each ("Shares")
Name & address of registered holderAmcorp Group Berhad [Deemed interest - 9,325,130 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Amsec Nominees (Tempatan) Sdn Bhd
- Fulcrum Asset Management Sdn Bhd for
Equity Vision Sdn Bhd [Deemed interest - 43,506,036 Shares]
22nd Floor, Bangunan AmBank Group
55 Jalan Raja Chulan
50200 Kuala Lumpur

Hikkaya Jaya Sdn Bhd [Deemed interest - 16,514,174 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Arab-Malaysian (CSL) Sdn Bhd [Deemed interest - 4,397,533 Shares]
2-01, Block B, Amcorp Tower
Amcorp Trade Centre
No. 18, Jalan Persiaran Barat
46050 Petaling Jaya
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired07/01/2015
45,300
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)73,742,873 
Indirect/deemed interest (%)27.49 
Total no of securities after change73,742,873
Date of notice08/01/2015

Remarks :
The date of change is for the period from 2 to 7 January 2015.

This announcement is made on 9 January 2015.


MMCCORP - 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 NameMMC CORPORATION BERHAD  
Stock Name MMCCORP  
Date Announced9 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMC-150109-27EC7

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
Name & address of registered holder1) Citigroup Nominees (Tempatan) Sdn. Bhd.
- Employees Provident Fund Board
2) Citigroup Nominees (Tempatan) Sdn. Bhd.
- Employees Provident Fund Board (AM INV)
3) Citigroup Nominees (Tempatan) Sdn. Bhd.
- Employees Provident Fund Board (Maybank)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/01/2015
121,000
 

Circumstances by reason of which change has occurredPurchase of share on open market by EPF.
Nature of interestDirect and Indirect
Direct (units)1,490,000 
Direct (%)0.04 
Indirect/deemed interest (units)170,073,100 
Indirect/deemed interest (%)5.58 
Total no of securities after change171,563,100
Date of notice07/01/2015

Remarks :
Received a notice from Citigroup on 9 January 2015.


GENP - 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 NameGENTING PLANTATIONS BERHAD  
Stock Name GENP  
Date Announced9 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoGP-150109-6CC08

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 50 SEN EACH
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD
LEVEL 42, MENARA CITIBANK,
165 JALAN AMPANG,
50450 KUALA LUMPUR [Disposal]

CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FD BD (CIMB PRI)
LEVEL 42, MENARA CITIBANK,
165 JALAN AMPANG,
50450 KUALA LUMPUR [Acquisition]

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/01/2015
140,700
 
Acquired06/01/2015
45,400
 

Circumstances by reason of which change has occurredDISPOSAL & ACQUISITION
Nature of interestDIRECT
Direct (units) 
Direct (%)15.503 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change119,425,900
Date of notice07/01/2015

Remarks :
Form 29B dated 7 January 2015 was received on 9 January 2015.


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

Announcement Type: General Announcement
Company NameUNITED MALACCA BERHAD  
Stock Name UMCCA  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoUM-150107-60263

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionDealings by Principal Officer of the Company (Exercise of share option which is exempted from the general restriction on dealings during outside closed period pursuant to paragraph 14.06(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad)

Pursuant to Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we set out below details of the dealings in the Company's securities by the following Principal Officer.

Name of Principal OfficerDate of acquisitionExercise price per shareNumber of shares% of Issued Share CapitalTransaction
Mdm Leong Yok Mui09.01.2015
RM5.4215,0000.0072
Exercise of share option pursuant to the United Malacca Berhad's Employee Share Scheme


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

Announcement Type: General Announcement
Company NameFCW HOLDINGS BERHAD  
Stock Name FCW  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoCQ-150109-34343

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionFCW Holdings Berhad (“FCW” or “the Company”)
- Proposed Acquisition of 100,000 ordinary shares of RM1.00 each in Coscolab Sdn Bhd (Company No. 530561-V) (“Coscolab”), representing the remaining 20% equity interest in Coscolab not already owned by FCW, by way of Put Option from Mr Teo Ker-Wei (NRIC No. 760304-14-5009) for a cash consideration of RMRM3,723,969.00 (“Proposed Acquisition”)

 

1. Introduction 


Reference is made to the Company’s announcements dated 15 September 2009, 16 September 2009, 13 December 2010, 30 June 2011 and 1 July 2011. The Board of Directors of FCW wishes to announce that Mr Teo Ker-Wei (NRIC No. 760304-14-5009) (“TKW”) has on 27 December 2014 exercised the Put Option to sell and the Company has accepted the Put Option to buy from him the remaining 20% equity interest in Coscolab (100,000 ordinary shares of RM1.00 each) (“Option Shares”) not already owned by FCW, for a total cash consideration of RM3,723,969.00 ("Total Option Price" or “Purchase Consideration”).


2. Information on Coscolab

 

Coscolab, currently an 80%-owned subsidiary of FCW, was incorporated in Malaysia on 31 October 2000 as a private limited company with an authorized share capital of RM25,000,000 comprising 25,000,000 ordinary shares of RM1.00 each, of which 500,000 ordinary shares of RM1.00 each have been issued and fully paid up. The issued and paid-up shares are currently held by FCW (400,000 shares) and TKW (100,000 shares) respectively. The principal activities of Coscolab are the manufacturing and trading of cosmetics and toiletry products.

 

3. Purchase Consideration

 

The Purchase Consideration of RM3,723,969.00 was determined based on the Call and Put Options Price under Clause 2 of the Supplemental Agreement dated 30 June 2011 entered into between FCW and TKW, subsequent to the Sale of Shares Agreement dated 15 September 2009.

 

The Purchase Consideration is fully satisfied by way of cash payment through internally generated fund of the Company.

 

4. Rationale of the Proposed Acquisition

 

The Proposed Acquisition is a legal obligation of FCW in fulfilling the terms and conditions of the Supplemental Agreement, namely the Call and Put Options. By acquiring the Option Shares, FCW Group will gain full controlling stake in Coscolab of 100%, increased from existing 80%.  The Option Shares are free from encumbrances and there is no liability to be assumed by the Company arising from the Proposed Acquisition.

 

5. Financial Effect of the Proposed Acquisition

 

The Proposed Acquisition is not expected to have any material effect on the earnings, net assets, gearing nor the share capital of the FCW Group for the financial year ending 30 June 2015 but is expected to contribute positively to the future earnings of the FCW Group.

 

6. The Highest Percentage Ratio Applicable Pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements  

 

The highest percentage ratio applicable to the Proposed Acquisition pursuant to the Main Market Listing Requirements is 4.45%, which was derived based on 20% of Coscolab’s audited net profit after tax of RM1.600 million as at 30 June 2014, compared with audited net profit attributable to equity holders of FCW before minority interests of RM7.187 million as at 30 June 2014.

 

7. Risks in relation to the Proposed Acquisition 

 

Risk factors affecting the Proposed Acquisition include but are not limited to changes in the laws and regulations governing the personal care product business and other ordinary business risks.

 

8. Conditions of the Proposed Acquisition 


The Proposed Acquisition is not subject to the approval of the Company's shareholders nor any relevant government authorities.


9. Directors' and Major Shareholders' Interests

 

None of the directors and/or major shareholders of FCW and/or persons connected with them have any direct interest in the Proposed Acquisition but the major shareholder is deemed to have indirect interest in the Proposed Acquisition to the extent of the existing 80% equity stake held by FCW in Coscolab.


10. Statement by the Board of Directors

 

The Board of Directors of FCW is of the opinion that the Proposed Acquisition is a legal obligation of FCW to fulfill the terms and conditions provided under the Call and Put Option of the Supplemental Agreement, which are fair and reasonable and in the best interest of the Company. In addition, the Proposed Acquisition will contribute positively to the future revenue and earnings of the FCW Group.

 

11. Completion of the Proposed Acquisition

 

The Proposed Acquisition was completed on 9 January 2015.

 

Subject to the perfection of the transfer and registration of the Option Shares in the name of FCW, Coscolab has become a wholly-owned subsidiary of FCW.


YNHPROP - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc ("MUFG")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameYNH PROPERTY BERHAD  
Stock Name YNHPROP  
Date Announced9 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-150109-09320

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group, Inc ("MUFG")
Address7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8330 Japan
NRIC/Passport No/Company No.Nil
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderMorgan Stanley & Co. International plc
25 Cabot Square, Canary Wharf,London E14 4QA,United Kingdom

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired05/01/2015
200,000
0.000 

Circumstances by reason of which change has occurredAcquisition by Morgan Stanley Group

MUFG is deemed interested in the shares by virtue of

1. MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen.

2. MUFG holding more than 15% interest in shares of Morgan Stanley Group.
Nature of interestDeemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)64,224,373 
Indirect/deemed interest (%)15.64 
Total no of securities after change64,224,373
Date of notice08/01/2015

Remarks :
Received notice dated 8 January 2015 from MUFG on 9 January 2015.

This announcement is dated 9 January 2015.


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

Announcement Type: General Announcement
Company NameIJM CORPORATION BERHAD  
Stock Name IJM  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoIC-150109-B8279

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionThe following Principal Officer has given notice of his acceptance to the third offer of option to subscribe for new ordinary shares in the Company under the Employee Share Option Scheme (ESOS) ("Options"):-

Name of Principal Officer

Date of Acceptance

Number of Options

Option Price

Harjeet Singh A/L Daya Singh

09/01/2015

22,500*

RM5.88

* The vesting of the Options is subject to the fulfillment of the relevant vesting conditions as at the relevant vesting dates.

This announcement is also available for reference at www.ijm.com.



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

Announcement Type: General Announcement
Company NameMWE HOLDINGS BERHAD  
Stock Name MWE  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoMH-150109-48751

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMWE HOLDINGS BERHAD ("MWE" OR "THE COMPANY")
DISPOSAL OF SHARES IN:-
1. ETIKA GANGSA SDN BHD
2. TAKA WORLDWIDE TRADING SDN BHD

The above matter refers.

Further to the announcement made on 26 November 2014, MWE is pleased to inform that Next Oasis Sdn Bhd ("the Purchaser") has on 9 January 2015 given its written confirmation that it is satisfied with the results of its due diligence investigation into the following:-

  1. MWE's title to the Sale Shares;
  2. MWE's interest to the leases of the lands;
  3. Liabilities of the Companies; and
  4. Legal and statutory compliance aspect of the Companies.

Pursuant to the terms of the Sale and Purchase Agreement entered on 26 November 2014, the completion date shall take effect within 45 days from this written confirmation.

This announcement is dated 9 January 2015.

 



TCHONG - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameTAN CHONG MOTOR HOLDINGS BERHAD  
Stock Name TCHONG  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoTC-150106-8D555

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionProvision of Financial Assistance pursuant to paragraph 8.23(1)(ii)(bb) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Pursuant to paragraph 8.23(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH") is pleased to announce the information in relation to the loans extended by TC Capital Resources Sdn Bhd, a wholly-owned subsidiary of TCMH, in the ordinary course of its business as a licensed money lender for the fourth quarter ended 31 December 2014 as set out in the table attached.



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