January 9, 2015

Company announcements: SMRT, SUMATEC, KIMLUN, TITIJYA, PARKSON, CCMDBIO, RAPID, MAHSING, RCECAP, INTEGRA

SMRT - SUSPENSION OF SECURITIES

Announcement Type: General Announcement
Company NameSMRT HOLDINGS BERHAD (ACE Market) 
Stock Name SMRT  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoCC-150109-61403

TypeAnnouncement
SubjectSUSPENSION OF SECURITIES
DescriptionSMRT HOLDINGS BERHAD (“SMRT” OR “COMPANY”)
REQUEST FOR SUSPENSION OF TRADING

SMRT wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved the request for suspension for the trading of SMRT’s securities with effect from 9.00 a.m. to 5.00 p.m. on Monday, 12 January 2015.

The request for suspension is made under subparagraphs 3.1(b)(i) and (ii) of Guidance Note 12 of the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”) in view that SMRT intends to hold a press conference and make a material announcement on a transaction as defined under Rule 10.02(j) of the Listing Requirements, where the percentage ratio calculated in accordance with Chapter 10 of the Listing Requirements is 25% or more.

This Announcement is dated 9 January 2015.



SUMATEC - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoOS-150109-63516

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionSUMATEC RESOURCES BERHAD (“SUMATEC” OR THE “COMPANY”)

• PROPOSED ACQUISITION;
• PROPOSED RIGHTS ISSUE WITH WARRANTS;
• PROPOSED OFFER FOR SALE;
• PROPOSED IASC; AND
• PROPOSED AMENDMENTS

(COLLECTIVELY, THE “PROPOSALS”)

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the announcements dated 28 August 2014 and 8 September 2014 in relation to the Proposals)

 

Reference is made to the Company’s announcements dated 28 August 2014 and 8 September 2014 in relation to the Proposals.

 

On behalf of the Board, M&A Securities wishes to announce that the Company has entered into a supplemental agreement with the Vendors on 9 January 2015 (“Supplemental SPA”) to reduce the Purchase Price for the Proposed Acquisition by USD60,000,000 (equivalent to RM210,000,000) to USD290,000,000 (equivalent to RM1,015,000,000) (“New Purchase Price”), of which cash payment is USD210,000,000 (equivalent to RM735,000,000) and the balance USD80,000,000 (equivalent to RM280,000,000) is by way of issuance of 1,217,391,305 Consideration Shares to the Vendors at an issue price of RM0.23 per Share.

 

Kindly refer to attached announcement for further details on the variation to the terms of the Proposals (“Variations”) and the Supplemental SPA.

This announcement is dated 9 January 2015.

 

 

 


KIMLUN - OTHERS KIMLUN CORPORATION BERHAD ("KIMLUN" OR "THE COMPANY") - AWARD OF CONTRACT

Announcement Type: General Announcement
Company NameKIMLUN CORPORATION BERHAD  
Stock Name KIMLUN  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoCK-150109-62026

TypeAnnouncement
SubjectOTHERS
DescriptionKIMLUN CORPORATION BERHAD ("KIMLUN" OR "THE COMPANY") - AWARD OF CONTRACT

The Board of Directors of Kimlun Corporation Berhad of the Company is pleased to announce that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the award of 2 projects with collective contract value of Ringgit Malaysia One Hundred Ten Million Six Hundred and Two Thousand Only (RM110,602,000.00). The details of the projects are as follow:

1. Project description: Main building works for 89 units of factories in Johor Bahru, Johor

Contract sum: Ringgit Malaysia Sixty Three Million and Six Hundred Thousand Only (RM63,600,000.00)

Estimated date of completion: Dec 2016

Customer: Tentu Teguh Sdn Bhd, a subsidiary of United Malayan Land Bhd

2. Project description: Infrastructure works for Phase 3 of Southern Industrial and Logistics Cluster in Nusajaya, Johor

Contract sum: Ringgit Malaysia Forty Seven Million and Two Thousand Only (RM47,002,000.00)

Estimated date of completion: April 2016

Customer: UEM Land Bhd

The projects are expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above contracts



TITIJYA - Changes in Sub. S-hldr's Int. (29B) - AIA Group Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTITIJAYA LAND BERHAD  
Stock Name TITIJYA  
Date Announced9 Jan 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-150109-60487

Particulars of substantial Securities Holder

NameAIA Group Limited
Address35/F, AIA Central, No. 1 Connaught Road Central, Hong Kong
NRIC/Passport No/Company No.1366053
Nationality/Country of incorporationHong Kong
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderAIA Bhd.
Level 29, Menara AIA, 99 Jalan Ampang, 50450 Kuala Lumpur

AIA PUBLIC Takaful Bhd.
Level 29, Menara AIA, 99 Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired05/01/2015
472,000
 
Acquired05/01/2015
28,000
 

Circumstances by reason of which change has occurredAcquisition of shares by AIA Bhd. and AIA PUBLIC Takaful Bhd.
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)22,545,300 
Indirect/deemed interest (%)6.38 
Total no of securities after change22,545,300
Date of notice05/01/2015

Remarks :
AIA Group Limited is deemed interested in the shares held by AIA Bhd., AIA PUBLIC Takaful Bhd. and AIA Pensions and Assets Management Sdn. Bhd. pursuant to Section 6A of the Companies Act, 1965.

The Company received the Form 29B on 9 January 2015.


PARKSON - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NamePARKSON HOLDINGS BERHAD  
Stock Name PARKSON  
Date Announced9 Jan 2015  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoPH-150109-62537

Date of buy back09/01/2015
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)454,900
Minimum price paid for each share purchased ($$)2.490
Maximum price paid for each share purchased ($$)2.500
Total consideration paid ($$)1,141,161.86
Number of shares purchased retained in treasury (units)454,900
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)51,181,929
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 (%)4.68


CCMDBIO - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameCCM DUOPHARMA BIOTECH BERHAD  
Stock Name CCMDBIO  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoMI-150109-56950

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionCCM DUOPHARMA BIOTECH BERHAD (“CCM DUOPHARMA” OR THE “COMPANY”)

I. PROPOSED ACQUISITION;

II. PROPOSED RIGHTS ISSUE; AND

III. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

This announcement should be read in conjunction with the earlier announcement made on 27 November 2014. Unless otherwise defined, the terms used in this announcement shall have the same meaning as those defined in the announcement dated 27 November 2014 (“Announcement”).

Reference is made to the announcements dated 27 November 2014 and 24 December 2014 in relation to the Proposals.

On behalf of the Board of Directors of CCM Duopharma, RHB Investment Bank Berhad is pleased to announce that the listing application and draft circular in relation to the Proposals has been submitted to Bursa Malaysia Securities Berhad on 9 January 2015.

This announcement is dated 9 January 2015.

 



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

Announcement Type: General Announcement
Company NameRAPID SYNERGY BERHAD  
Stock Name RAPID  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoCC-150109-C02F9

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionDISPOSAL OF INVESTMENT IN SHANGRI-LA HOTELS (MALAYSIA) BERHAD

Please refer to attachment for details


MAHSING - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):COMBINATION OF NEW ISSUE OF SECURITIES

Announcement Type: General Announcement
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoMM-150109-59606

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
DescriptionI. PROPOSED RIGHTS ISSUE WITH WARRANTS;
II. PROPOSED BONUS ISSUE; AND
III. PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL AND PROPOSED AMENDMENT

(The abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 20 November 2014, unless otherwise stated. The Proposed Rights Issue with Warrants is hereinafter referred to as the “Rights Issue with Warrants”.)

We refer to, among others, the announcement dated 20 November 2014 in relation to the Proposals.  

On behalf of the Board of Mah Sing, CIMB wishes to announce the following:

(i)  that the Issue Price has been fixed at RM1.42 per Rights Share at an entitlement basis of 3  Rights Shares for every 10 existing Mah Sing

Shares held by the Entitled Shareholders as at an entitlement date to be determined and announced (“Entitlement Date”);

 

(ii) that the entitlement basis for the Warrants had been fixed as 3 Warrants for every 10 Rights Shares subscribed for by our Entitled Shareholders; and

 

(iii) that the exercise price of the Warrants had been fixed at RM2.63 for each Warrant.

 

The Issue Price of RM1.42 per Rights Share represents a discount of 37.7% to the 5-day volume weighted average market price of Mah Sing Shares up to 8 January 2015 of RM2.28 (“5-day VWAMP”) and 31.7% to the theoretical ex-rights price of Mah Sing Shares of RM2.08 (“TERP”) based on the 5-day VWAMP. The exercise price of RM2.63 for each Warrant represents a premium of 26.4% to the TERP.  

To facilitate the price fixing, Mah Sing has obtained written undertaking letters from the holders of the Convertible Bonds not to convert their Convertible Bonds from the Price-fixing Date to the Entitlement Date.

Based on the issued and paid-up share capital as at 9 January 2015, the Rights Issue with Warrants will involve the issuance of up to 442,882,936 Rights Shares to raise gross proceeds of up to RM628,893,769.12, and the issuance of up to 132,864,880 Warrants to raise gross proceeds of up to RM349,434,634.40, assuming full exercise of the Warrants. However, the final gross proceeds to be raised from the Rights Issue with Warrants will be dependent on the issued and paid-up share capital to be determined on the Entitlement Date. Mah Sing intends to announce the Entitlement Date within one week, subject to the underwriting agreement being finalised.

This announcement is dated 9 January 2015. 


RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced9 Jan 2015  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-150109-62480

Date of buy back09/01/2015
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)204,900
Minimum price paid for each share purchased ($$)0.300
Maximum price paid for each share purchased ($$)0.305
Total consideration paid ($$)62,850.18
Number of shares purchased retained in treasury (units)204,900
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)50,160,100
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 (%)3.76


INTEGRA - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameINTEGRAX BERHAD  
Stock Name INTEGRA  
Date Announced9 Jan 2015  
CategoryGeneral Announcement
Reference NoCK-150109-63519

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionINTEGRAX BERHAD (“Integrax” or “Company”)
- RECEIPT OF NOTICE OF CONDITIONAL TAKE-OVER OFFER (“NOTICE”) FROM TENAGA NASIONAL BERHAD THROUGH CIMB INVESTMENT BANK BERHAD

The Company has on 9 January 2015 received a notice of conditional take-over from Tenaga Nasional Berhad (“Offeror”) informing of the Offeror’s intention to undertake a conditional take-over in accordance with the Malaysian Code on Take-Overs and Mergers 2010 (“Code”) to acquire all of the remaining ordinary shares of RM1.00 each of the Company which are not already held by the Offeror (“Offer Shares) for a cash offer price of RM2.75 for each Offer Share.

The Board of Directors will be meeting to consider the offer and will, in accordance with the Code, appoint an Independent Adviser to advise the Board and the holders of the Offer Shares on the reasonableness of the Offer. The announcement on the appointment of the Independent Adviser will be made in due course and the Notice will be posted to the holders of the Offer Shares accordingly. A copy meanwhile is enclosed herewith.

This announcement is dated 9 January 2015.



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