February 12, 2015

Company announcements: OCTAGON, HAISAN, TOPGLOV, CAB, FAVCO, UZMA, DAIBOCI, MERCURY

OCTAGON - OTHERS ANNOUNCEMENT PURSUANT TO PARAGRAPH 9.19A OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”)

Announcement Type: General Announcement
Company NameOCTAGON CONSOLIDATED BERHAD  
Stock Name OCTAGON  
Date Announced11 Feb 2015  
CategoryGeneral Announcement
Reference NoOC-150211-58832

TypeAnnouncement
SubjectOTHERS
DescriptionANNOUNCEMENT PURSUANT TO PARAGRAPH 9.19A OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”)

Further to the announcement dated 3 February 2012 in relation to the default by Advanced Pyrotech Sdn Bhd ("APT") in the lease and profit payments aggregating to RM1,195,000 for the financing facility under Ijarah Masufah Fi Zimmah principle of up to RM79 million ("Facility") from Kuwait Finance House (Malaysia) Berhad ("KFH"), the Board of Directors of Octagon wishes to announce that the Company had on 10 February 2015 received a letter of demand dated 4 February 2015 from KFH ("Letter of Demand") for the payment by Octagon, within fourteen (14) days from the date of the Letter of Demand, the outstanding due and payable amounting to RM61,520,400.27 (Ringgit Malaysia Sixty One Million Five Hundred Twenty Thousand Four Hundred and Sen Twenty Seven) as at 31 December 2014 together with any applicable compensation calculated until the date of full settlement pursuant to the Corporate Guarantee Agreement dated 24 March 2009 between the Company and KFH for the Facility undertaken by APT, an Octagon's former subsidiary which has been wound up on 5 March 2014.

Pursuant to the power contained the debenture dated 9 March 2007 created by APT in favor of KFH for the Facility, KFH had on 26 September 2013 appointed the Receiver & Manager who had completed the disposal of APT's charged assets on 25 April 2014 ("Disposal") for a gross consideration of RM20 million. The outstanding due and payable demanded by KFH therein the Letter of Demand has been arrived at based on the remaining principal due and outstanding as at 31 December 2014 of RM58,748,580.85 after taking into account of the net proceed of RM19,297,592.13 from the Disposal plus additional profit elements due and outstanding of RM2,609,640.46 as at 31 December 2014 as well as a 1% compensation fees.

As part of the Proposed Debt Settlement Scheme, pursuant to the Supplemental Settlement Agreement dated 17 February 2014 with the FI Creditors ("Supplemental DSA") as announced on 18 February 2014, the Company and APT shall have to complete the Supplemental DSA on or before 31 December 2014, being the Revised Completion Date as mutually extended pursuant to the provisions in the Supplemental DSA. The above amount demanded by KFH has been fully provided for in the accounts of the Group since the financial year ended 31 October 2013.

The Proposed Debt Settlement Scheme with the FI Creditors and the Institutional Creditors of the Company is part of the Company's regularisation plan to address the Group's financial conditions and subject to, inter-alia, the approval of the relevant authorities, to uplift the Company from being an affected listed issuer pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Securities ("Proposed Regularisation Plan"). As announced on 19 June 2014, the Company had on even date submitted the application of the Proposed Regularisation Plan to Bursa Securities, the application of which is still pending decision of Bursa Securities as of the date of this announcement.

The Company is seeking further discussions with KFH and other FI Creditors under the Supplemental DSA with the assistance of Corporate Debt Restructuring Committee in respect of the Letter of Demand as mentioned above. The Company will announce any further developments on the above matters as and when necessary.

This announcement is dated 11 February 2015.



HAISAN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHAISAN RESOURCES BERHAD  
Stock Name HAISAN  
Date Announced11 Feb 2015  
CategoryGeneral Announcement
Reference NoHR-150211-62055

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHAISAN RESOURCES BERHAD (“HAISAN” OR “THE COMPANY”)

WRIT OF SUMMONS AND STATEMENT OF CLAIM
- SHAH ALAM HIGH COURT SUIT NO. 22NCVC-648-10/2013 (“THE SUIT”)

Further to the Company’s announcement dated 27 January 2015 in respect of the Suit, the Board of Directors of HAISAN wishes to announce that the Deputy Registrar has set the matter for case management on 16 March 2015.

 

The Company will announce further developments on the Suit as and when necessary.

 

This announcement is dated 11 February 2015.



TOPGLOV - 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 NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced11 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTG-150210-5F179

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 RM0.50 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
for Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
Level 42, Menara Citibank
165, Jalan Ampang
50450, Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/02/2015
136,200
 

Circumstances by reason of which change has occurredDisposal of shares by Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board.
Nature of interestDirect Interest
Direct (units)38,644,373 
Direct (%)6.2593 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change38,644,373
Date of notice09/02/2015

Remarks :
The total number of 38,644,373 Ordinary Shares of RM0.50 each are held through the following holders:
1) 25,310,473 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board;
2) 1,500,000 Ordinary Shares are registered in the name of Employees Provident Fund Board;
3) 802,700 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (KIB);
4) 1,080,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (AFFIN-HWG);
5) 420,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (PHEIM);
6) 1,983,800 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (CIMB PRI); and
7) 7,547,400 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (TEMPLETON).

Top Glove Corporation Bhd received the Form 29B on 11 February 2015.


TOPGLOV - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (Diperbadankan)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced11 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTG-150210-88CD5

Particulars of substantial Securities Holder

NameKumpulan Wang Persaraan (Diperbadankan)
AddressAras 4,5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4,5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/02/2015
9,600
 

Circumstances by reason of which change has occurredAcquisition of shares in open market by KWAP's Fund Manager.
Nature of interestIndirect Interest
Direct (units)48,632,900 
Direct (%)7.8771 
Indirect/deemed interest (units)6,642,100 
Indirect/deemed interest (%)1.0758 
Total no of securities after change55,275,000
Date of notice11/02/2015

Remarks :
Top Glove Corporation Bhd received the Form 29B on 11/02/2015.


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

Announcement Type: General Announcement
Company NameCAB CAKARAN CORPORATION BERHAD  
Stock Name CAB  
Date Announced11 Feb 2015  
CategoryGeneral Announcement
Reference NoMI-150211-59368

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionCAB CAKARAN CORPORATION BERHAD ("CAB" OR THE "COMPANY")

PROPOSED ACQUISITION BY CAB OF 235,000 ORDINARY SHARES OF SGD1.00 EACH AND 20,000 MANAGEMENT SHARES OF SGD1.00 EACH IN TONG HUAT POULTRY PROCESSING FACTORY PTE LTD ("THPPF"), REPRESENTING 51% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF THPPF FOR A TOTAL PURCHASE CONSIDERATION OF SGD7,430,437 TO BE SATISFIED BY WAY OF COMBINATION OF CASH AND ISSUANCE OF ORDINARY SHARES OF RM0.50 EACH IN CAB ("PROPOSED ACQUISITION")

We refer to the announcement made by RHB Investment Bank Berhad ("RHB"), on behalf of the Board of Directors of CAB ("Board"), on 8 October 2014.

On behalf of the Board, RHB is pleased to announce that CAB had, on 11 February 2015, entered into a conditional share sale agreement ("SSA") with Yam Boon Yin, Toh Chye Lam, Toh Eng Chuan, Toh Eng Hai, Ang Yow Tee, Toh Chai Hock, Toh Chai Hoe, Too Siew Din and Toe Heng Choon (collectively, the "Vendors") for the proposed acquisition by CAB of 235,000 ordinary shares of Singapore Dollar ("SGD")1.00 each and 20,000 management shares of SGD1.00 each in THPPF ("Sale Shares"), representing 51% of the issued and paid up share capital of THPPF for a total purchase consideration of SGD7,430,437 (equivalent to approximately RM19,584,402) ("Purchase Consideration"). The Purchase Consideration is to be fully satisfied via a combination of cash payment of SGD4,284,000 (equivalent to approximately RM11,291,339) ("Cash Consideration") and the remaining of the Purchase Consideration of SGD3,146,437 (equivalent to approximately RM8,293,063) to be satisfied via the issuance of 9,214,514 ordinary shares of RM0.50 each in CAB ("CAB Share(s)" or "Share(s)") ("Consideration Shares") at the issue price of RM0.90 per Consideration Share ("Proposed Acquisition").

Further details on the Proposed Acquisition are set out in the attachment enclosed.

This announcement is dated 11 February 2015.



CAB - Profile for Warrants

Announcement Type: Listing Information & Profile
Company NameCAB CAKARAN CORPORATION BERHAD  
Stock Name CAB  
Date Announced11 Feb 2015  
CategoryListing Information & Profile
Reference NoMH-150211-56139

Instrument TypeWarrants
DescriptionBonus Issue of Warrants 
Listing Date13/02/2015
Issue Date09/02/2015
Issue/ Ask PriceNot Applicable
Issue Size IndicatorUnit
Issue Size in Unit65,780,450
Maturity Date08/02/2020
Revised Maturity Date 
Exercise/ Conversion Period5.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 0.5500
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio1 Warrant : 1 CAB Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceCash
Settlement Type/ Convertible intoPhysical (Shares)

Remarks :
Each Warrant carries the entitlement to subscribe for one (1) new CAB Share at the exercise price of RM0.55 at any time during the exercise period as indicated above (“Exercise Period”), subject to the adjustments in accordance with the provisions of the deed poll dated 16 January 2015 constituting the Warrants. Any Warrant not exercised during the Exercise Period will lapse and thereafter cease to be valid for any purpose.


FAVCO - FAVCO-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")

Announcement Type: Listing Circular
Company NameFAVELLE FAVCO BERHAD  
Stock Name FAVCO  
Date Announced11 Feb 2015  
CategoryListing Circular
Reference NoZA-150211-59706

LISTING'S CIRCULAR NO. L/Q : 72456 OF 2015


    Kindly be advised that the abovenamed Company's additional 108,000 new ordinary shares of RM0.50 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Friday, 13 February 2015


UZMA - Changes in Sub. S-hldr's Int. (29B) - Kumpulan Wang Persaraan (Diperbadankan)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameUZMA BERHAD  
Stock Name UZMA  
Date Announced11 Feb 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-150211-844E1

Particulars of substantial Securities Holder

NameKumpulan Wang Persaraan (Diperbadankan)
AddressAras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur
NRIC/Passport No/Company No.KWAPACT6622007
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderKumpulan Wang Persaraan (Diperbadankan)
Aras 4, 5 & 6, Menara Yayasan Tun Razak
200, Jalan Bukit Bintang
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/02/2015
1,245,100
 
Disposed06/02/2015
291,400
 

Circumstances by reason of which change has occurredPurchase / disposal of shares in open market by Kumpulan Wang Persaraan (Diperbadankan)'s Fund Manager.
Nature of interestIndirect interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change17,147,000
Date of notice11/02/2015

Remarks :
Detail of no. of securities held after change:-
Direct interest - 9,183,200 shares
Indirect interest - 7,963,800 shares


DAIBOCI - Quarterly rpt on consolidated results for the financial period ended 31/12/2014

Announcement Type: Financial Results
Company NameDAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.  
Stock Name DAIBOCI  
Date Announced11 Feb 2015  
CategoryFinancial Results
Reference NoDP-150211-15DD2

Financial Year End31/12/2014
Quarter4
Quarterly report for the financial period ended31/12/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2014
31/12/2013
31/12/2014
31/12/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
84,047
80,161
344,505
310,300
2Profit/(loss) before tax
7,139
8,719
31,055
36,374
3Profit/(loss) for the period
5,907
6,935
23,743
27,462
4Profit/(loss) attributable to ordinary equity holders of the parent
5,907
6,935
23,743
27,462
5Basic earnings/(loss) per share (Subunit)
5.21
6.10
20.89
24.18
6Proposed/Declared dividend per share (Subunit)
3.50
4.00
13.00
15.00


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 ($$)
1.4900
1.4200
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


MERCURY - Changes in Director's Interest (S135) - Dato' Tiong Kwing Hee

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMERCURY INDUSTRIES BERHAD  
Stock Name MERCURY  
Date Announced11 Feb 2015  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-150209-37298

Information Compiled By KLSE

Particulars of Director

NameDato' Tiong Kwing Hee
Address42 Jalan Tualang, Bukit Bandaraya, Bangsar, 59100 Kuala Lumpur
Descriptions(Class & nominal value)ORDINARY SHARES OF RM1.00 EACH ("Shares")

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Transferred
27/11/2014
48,900
0.000 

Circumstances by reason of which change has occurredDisclosure of interest held by Dato' Tiong Kwing Hee's ("Dato' Tiong") daughter pursuant to Section 134(12)(c) of the Companies Act, 1965.
Nature of interest
Consideration (if any)No consideration was involved given that the Shares were transferred from Dato' Tiong's mother-in-law to Dato' Tiong's daughter, Tiong Sue Ann. 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice10/02/2015

Remarks :
(i) There is no dealing in the Shares of Mercury Industries Berhad by Dato' Tiong Kwing Hee and this announcement is in respect of the disclosure of interest held by Dato' Tiong's daughter, Tiong Sue Ann pursuant to Section 134(12)(c) of the Companies Act, 1965.

(ii) This announcement also serves to comply with Paragraph 14.09(a) of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad for dealings outside closed periods in addition to Paragraph 9.19(18) of the MMLR.


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