January 21, 2015

Company announcements: MAHSING-CT, MAHSING-CU, MAHSING-CV, MAHSING-CW, MAHSING-CX, SCIB, LAYHONG, BRAHIMS

MAHSING-CT - Listing Information & Profile for Structured Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
NameMAHSING-CT: CW MAH SING GRP BHD (MIBB)  
Stock Name MAHSING-CT  
Date Announced21 Jan 2015  
CategoryListing Information & Profile
Reference NoMI-150121-E29A9

Instrument TypeStructured Warrants
Type of Structure WarrantsCall Warrants
DescriptionEuropean Style Non-Collateralised Cash-Settled 
Underlying StockMAH SING GROUP BERHAD
IssuerMAYBANK INVESTMENT BANK BERHAD
Stock Code8583CT
Stock Short NameMAHSING-CT
ISIN CodeMYL8583CTP35
BoardStructured Warrants
SectorPROPERTIES

Initial Listing Information

Listing Date11/03/2014
Term Sheet Date10/03/2014
Issue Date10/03/2014
Issue/ Ask PriceMYR 0.1500
Issue Size IndicatorUnit
Issue Size in Unit100,000,000
Maturity Date30/03/2015
Exercise/Strike/Conversion PriceMYR 1.9800
Revised Exercise/Strike/Conversion PriceMYR 1.8114 
Exercise/ Conversion Ratio3:1
Revised Exercise/ Conversion Ratio2.7446:1 
Settlement Type/ Convertible intoCash
Name and contact details of market maker
(if applicable)
Equity & Commodity Derivatives Group
c/o Maybank Investment Bank Berhad
32nd Floor, Menara Maybank
100, Jalan Tun Perak
50050 Kuala Lumpur
Tel: 03-2059 1888  
Circumstances under which the market maker may not be able to provide quotes
(if applicable)
Please refer to Section 3.4 of the Base Prospectus dated 2 October 2013  


MAHSING-CU - Listing Information & Profile for Structured Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
NameMAHSING-CU: CW MAH SING GROUP BERHAD (RHB)  
Stock Name MAHSING-CU  
Date Announced21 Jan 2015  
CategoryListing Information & Profile
Reference NoMI-150121-62291

Instrument TypeStructured Warrants
Type of Structure WarrantsCall Warrants
DescriptionNON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS 
Underlying StockMAH SING GROUP BERHAD
IssuerRHB INVESTMENT BANK BERHAD
Stock Code8583CU
Stock Short NameMAHSING-CU
ISIN CodeMYL8583CUP40
BoardStructured Warrants
SectorPROPERTIES

Initial Listing Information

Listing Date23/04/2014
Term Sheet Date22/04/2014
Issue Date22/04/2014
Issue/ Ask PriceMYR 0.1500
Issue Size IndicatorUnit
Issue Size in Unit40,000,000
Maturity Date21/04/2015
Exercise/Strike/Conversion PriceMYR 2.3000
Revised Exercise/Strike/Conversion PriceMYR 2.1042 
Exercise/ Conversion Ratio3:1
Revised Exercise/ Conversion Ratio2.7446:1 
Settlement Type/ Convertible intoCash
Name and contact details of market maker
(if applicable)
RHB Investment Bank Berhad
Derivatives & Structured Products
21st Floor, Plaza OSK
Jalan Ampang
50450 Kuala Lumpur
Telephone no. : (603) 2162 0288
Facsimile no. : (603) 2163 4836
 
Circumstances under which the market maker may not be able to provide quotes
(if applicable)
Please refer to Section 5.4 of the Base Prospectus dated 10 July 2013, First Supplementary Base Prospectus dated 3 October 2013 and Section 3.1 of the Term Sheet dated 22 April 2014. 

Remarks :
In accordance with Condition B3.1 – Adjustment of Entitlement and Exercise Price to the Second Schedule of the Deed Poll dated 26 June 2013 (“Deed Poll”), the Exercise Price and Entitlement of MAHSING-CU will be adjusted for the Rights Issue in accordance with the following formula:

1. Adjusted Entitlement = { [ 1 + M ] / [ 1 + (R / S) x M ] } x E

= { [ 1 + (0.3) ] / [ 1 + (RM1.42 / RM2.25) x (0.3) ] } x 1/3

= 0.364349 (equivalent to Exercise Ratio of 2.7446 MAHSING-CU per MAHSING Share)


2. Adjusted Exercise Price = { [ 1 + (R / S) x M ] / [ 1 + M ] } x K

= { [ 1 + (RM1.42 / RM2.25) x (0.3) ] / [ 1 + (0.3) ] } x RM2.30

= RM2.1042

Where

E: 1/3, being the existing Entitlement immediately prior to the Rights Issue (equivalent to exercise ratio of 3 MAHSING-CU per MAHSING Share)

S: RM2.25, being the closing bid price of MAHSING, as derived from the Daily Quotation Sheet of Bursa Securities on the last Market Day on which MAHSING is traded on a cum-Rights basis

R: RM1.42, being the subscription price per new MAHSING Share under the Rights Issue

M: 0.3, being the number of new MAHSING Shares (whether a whole or fraction) per existing MAHSING Share each holder is entitled to subscribe or to have

K: RM2.30, being the existing Exercise Price of MAHSING-CU immediately prior to the Rights Issue

Based on the formula above, the exercise price of MAHSING-CU will be adjusted from RM2.3000 to RM2.1042 and exercise ratio will be adjusted from 3 MAHSING-CU: 1 MAHSING Share to 2.7446 MAHSING-CU: 1 MAHSING Share.


This announcement is dated 21 January 2015.


MAHSING-CV - Listing Information & Profile for Structured Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
NameMAHSING-CV: CW MAH SING GROUP BERHAD (MIBB)  
Stock Name MAHSING-CV  
Date Announced21 Jan 2015  
CategoryListing Information & Profile
Reference NoMI-150121-EE776

Instrument TypeStructured Warrants
Type of Structure WarrantsCall Warrants
DescriptionEuropean Style Non-Collateralised Cash-Settled 
Underlying StockMAH SING GROUP BERHAD
IssuerMAYBANK INVESTMENT BANK BERHAD
Stock Code8583CV
Stock Short NameMAHSING-CV
ISIN CodeMYL8583CVP56
BoardStructured Warrants
SectorPROPERTIES

Initial Listing Information

Listing Date15/05/2014
Term Sheet Date14/05/2014
Issue Date14/05/2014
Issue/ Ask PriceMYR 0.1500
Issue Size IndicatorUnit
Issue Size in Unit100,000,000
Maturity Date28/05/2015
Exercise/Strike/Conversion PriceMYR 2.0800
Revised Exercise/Strike/Conversion PriceMYR 1.9029 
Exercise/ Conversion Ratio4:1
Revised Exercise/ Conversion Ratio3.6595:1 
Settlement Type/ Convertible intoCash
Name and contact details of market maker
(if applicable)
Equity & Commodity Derivatives Group
c/o Maybank Investment Bank Berhad
32nd Floor, Menara Maybank
100, Jalan Tun Perak
50050 Kuala Lumpur
Tel: 03-2059 1888  
Circumstances under which the market maker may not be able to provide quotes
(if applicable)
Please refer to Section 3.4 of the Base Prospectus dated 2 October 2013  


MAHSING-CW - Listing Information & Profile for Structured Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
NameMAHSING-CW: CW MAH SING GROUP BERHAD (CIMB)  
Stock Name MAHSING-CW  
Date Announced21 Jan 2015  
CategoryListing Information & Profile
Reference NoMM-150121-808A2

Instrument TypeStructured Warrants
Type of Structure WarrantsCall Warrants
DescriptionEuropean Style Non-Collateralised Cash-Settled  
Underlying StockMah Sing Group Berhad
IssuerCIMB Bank Berhad
Stock Code8583CW
Stock Short NameMAHSING-CW
ISIN CodeMYL8583CWPB8
BoardStructured Warrants
SectorPROPERTIES

Initial Listing Information

Listing Date07/11/2014
Term Sheet Date06/11/2014
Issue Date06/11/2014
Issue/ Ask PriceMYR 0.1500
Issue Size IndicatorUnit
Issue Size in Unit50,000,000
Maturity Date30/11/2015
Exercise/Strike/Conversion PriceMYR 2.1500
Revised Exercise/Strike/Conversion PriceMYR 1.9670 
Exercise/ Conversion Ratio4 : 1
Revised Exercise/ Conversion Ratio3.6595 : 1 
Settlement Type/ Convertible intoCash
Name and contact details of market maker
(if applicable)
CIMB Bank Berhad
c/o Equity Derivatives Group
13th Floor Menara CIMB Jalan Stesen Sentral
Kuala Lumpur Sentral
50470 Kuala Lumpur

Tel: 03-2261 8888
Fax: 03-2261 8000  
Circumstances under which the market maker may not be able to provide quotes
(if applicable)
Please refer to Section 5.2 of the Base Prospectus dated 6 May 2014 


MAHSING-CX - Listing Information & Profile for Structured Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
NameMAHSING-CX: CW MAH SING GROUP BERHAD (MIBB)  
Stock Name MAHSING-CX  
Date Announced21 Jan 2015  
CategoryListing Information & Profile
Reference NoMI-150121-F52E6

Instrument TypeStructured Warrants
Type of Structure WarrantsCall Warrants
DescriptionEuropean Style Non-Collateralised Cash Settled 
Underlying StockMAH SING GROUP BERHAD
IssuerMAYBANK INVESTMENT BANK BERHAD
Stock Code8583CX
Stock Short NameMAHSING-CX
ISIN CodeMYL8583CXPC4
BoardStructured Warrants
SectorPROPERTIES

Initial Listing Information

Listing Date21/01/2015
Term Sheet Date20/01/2015
Issue Date20/01/2015
Issue/ Ask PriceMYR 0.1500
Issue Size IndicatorUnit
Issue Size in Unit100,000,000
Maturity Date30/12/2015
Exercise/Strike/Conversion PriceMYR 2.2800
Revised Exercise/Strike/Conversion PriceMYR 2.0859 
Exercise/ Conversion Ratio3:1
Revised Exercise/ Conversion Ratio2.7446:1 
Settlement Type/ Convertible intoCash
Name and contact details of market maker
(if applicable)
Equity & Commodity Derivatives Group
c/o Maybank Investment Bank Berhad
32nd Floor, Menara Maybank
100, Jalan Tun Perak
50050 Kuala Lumpur
Tel: 03-2059 1888  
Circumstances under which the market maker may not be able to provide quotes
(if applicable)
Please refer to Section 3.4 of the Base Prospectus dated 2 October 2014. 


SCIB - Changes in Director's Interest (S135) - Tan Sri Datuk Amar (Dr.) Hamid Bin Bugo (Amended Announcement)

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSARAWAK CONSOLIDATED INDUSTRIES BERHAD  
Stock Name SCIB  
Date Announced21 Jan 2015  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-150121-32D2F

Information Compiled By KLSE

Particulars of Director

NameTan Sri Datuk Amar (Dr.) Hamid Bin Bugo
AddressNo. 325, Jalan Siol Kandis, Petra Jaya, 93050 Kuching, Sarawak
Descriptions(Class & nominal value)Ordinary shares of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
23/10/2014
320,700
0.935 
Acquired
24/10/2014
532,300
1.020 

Circumstances by reason of which change has occurredAcquisition of shares by his child, Rewi Hamid Bugo
Nature of interestIndirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)3,253,500 
Direct (%)4.42 
Indirect/deemed interest (units)11,369,900 
Indirect/deemed interest (%)15.45 
Date of notice21/01/2015


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

Announcement Type: General Announcement
Company NameSARAWAK CONSOLIDATED INDUSTRIES BERHAD  
Stock Name SCIB  
Date Announced21 Jan 2015  
CategoryGeneral Announcement
Reference NoCC-150121-16A37

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionDealings by Director

Pursuant to Paragraph 14.09 of the Main Market Listing Requirements, Sarawak Consolidated Industries Berhad ("the Company") wishes to announce that the Company has received notification dated 21 January 2015 from the Director of the Company, Tan Sri Datuk Amar (Dr.) Hamid Bin Bugo as outlined below:

Date of acquisition 

Nature of dealing

Consideration (RM)

No. of shares acquired

19 January 2015

Direct Interest
- Acquisition through Maybank Nominees (Tempatan) Sdn. Bhd.

RM0.8309

68,100 (0.093%)

 

 



LAYHONG - Changes in Sub. S-hldr's Int. (29B) - Chia Song Swa

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLAY HONG BERHAD  
Stock Name LAYHONG  
Date Announced21 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCT-150121-2C0A2

Particulars of substantial Securities Holder

NameChia Song Swa
AddressNo 8 Jalan Setia Nusantara U13/19B, Setia Eco Park, Setia Alam, Section U13, 40170 Shah Alam, Selangor
NRIC/Passport No/Company No.600215-10-5723
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1/- each
Name & address of registered holderQL Resources Berhad
No 16A, Jalan Astaka U8/83, Bukit Jelutong, 40150 Shah Alam, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/01/2015
3,300
3.420 
Acquired19/01/2015
2,400
3.420 
Acquired20/01/2015
4,900
3.400 

Circumstances by reason of which change has occurredDeemed interest via QL Resources Berhad
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)10,600 
Indirect/deemed interest (%)0.021 
Total no of securities after change19,725,100
Date of notice21/01/2015

Remarks :
1)This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

2)This notice was received on 20 January 2015.


LAYHONG - Changes in Sub. S-hldr's Int. (29B) - Chia Song Kun

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameLAY HONG BERHAD  
Stock Name LAYHONG  
Date Announced21 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCT-150121-2C0A6

Particulars of substantial Securities Holder

NameChia Song Kun
Address17, Jalan Kelab Golf 13/3, Seksyen 13, 40000 Shah Alam, Selangor
NRIC/Passport No/Company No.491208-10-6007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1/- each
Name & address of registered holderQL Resources Berhad
No 16A, Jalan Astaka U8/83, Bukit Jelutong, 40150 Shah Alam, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/01/2015
3,300
3.420 
Acquired19/01/2015
2,400
3.420 
Acquired20/01/2015
4,900
3.400 

Circumstances by reason of which change has occurredDeemed interest via QL Resources Berhad
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)10,600 
Indirect/deemed interest (%)0.021 
Total no of securities after change19,725,100
Date of notice21/01/2015

Remarks :
1)This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

2)This notice was received on 20 January 2015.


BRAHIMS - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameBRAHIM'S HOLDINGS BERHAD  
Stock Name BRAHIMS  
Date Announced21 Jan 2015  
CategoryGeneral Announcement
Reference NoCA-150121-52357

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionBRAHIM’S HOLDINGS BERHAD (“BRAHIM’S” OR THE “COMPANY”)
- MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN BRAHIM’S HOLDINGS BERHAD AND SERVAIR INVESTISSEMENTS AEROPORTUAIRES

1. INTRODUCTION

The Board of Directors of the Company wishes to announce that the Company had on 21 January 2015 entered into a memorandum of understanding (“MOU”) with Servair Investissements Aeroportuaires (“S.I.A.”) for the purpose of entering into a joint venture for the reasons as set out in Section 3 (a) below.

2. INFORMATION ON S.I.A.

S.I.A. was incorporated in France, and is a subsidiary of Servair which in turn is a subsidiary of Air France. Servair is the leading airline catering company in France and ranked third worldwide, engaging in airline catering, airport assistance services and air transport consulting.

3. SALIENT TERMS OF THE MOU

(a) Purpose of the MOU

S.I.A. and Brahim’s are desirous to collaborate and improve commercial and industrial co-operation in airlines catering business based on each other’s ‘know-how’ competency. The intended co-operation will focus on technical information, knowledge and proprietary data covering aircraft catering, foods and beverages business, procurement of equipment for catering business, menu development, promotion and development of catering business among airlines, raw materials sourcing and in-flight food preparation and recipes.

The parties have entered into the MOU to set out the broad framework to facilitate negotiations to formalise ‘Definitive Agreements’.

(b) The salient terms of the MOU, which include amongst others, are as follows:

i) to set forth the principles under which the Parties will implement their further co-operation within the scope of Inflight Catering and Airport services in Malaysia including without limitation to the foregoing catering and cleaning activities, buy on board with the aim:

- to provide management services, training and seconded experts;

- to exchange in expertise as operational and technical process improvement, quality system implementation, culinary knowledge, food safety security and hygiene procedures, ramp safety and standard operation procedures;

- to reach an agreement to develop the current customer portfolio and to grant the benefit of the notoriety of SERVAIR brand mark through a licence agreement.

ii) the parties agree to consider the interests to S.I.A. to become a shareholder.

iii) the parties shall set-up a steering committee plus three working committees to study the scope of the co-operation, operational and technical issues and business valuation for proposed ownership.

4. RATIONALE

The objective of the MOU is to draw on the Parties core competencies in the airline catering business and airport services, exchange of operational and technical process improvement and to enable Brahim’s to benefit from using the SERVAIR brand mark and for S.I.A. to tap on Brahim’s halal excellence centre’s halal certification expertise.

5. EFFECT OF THE MOU

The MOU is not expected to immediately have material effects on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of Brahim’s for the financial year ending 31 December 2015.

6. INTEREST OF MAJOR SHAREHOLDERS AND DIRECTORS

None of the directors and/or major shareholders of Brahim’s and/or persons connected to them have any interest, direct or indirect, in the MOU.

7. DIRECTOR’S STATEMENT

The Board of Directors of Brahim’s, having considered the rationale and terms of the MOU, is of the opinion that the MOU is in the best interest of the Company.

8. DOCUMENTS FOR INSPECTION

A copy of the MOU is available for inspection at the registered office of the Company located at 10th Floor, Menara Hap Seng, No. 1 & 3, Jalan P. Ramlee, 50250 Kuala Lumpur during normal business hours on Mondays to Fridays (except Saturdays, Sundays and Public Holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 21 January 2015.

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