March 16, 2015

Company announcements: FRONTKN, KLK, BSTEAD, TASEK, SENDAI, KPJ, ASTINO, KNM

FRONTKN - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameFRONTKEN CORPORATION BERHAD  
Stock Name FRONTKN  
Date Announced16 Mar 2015  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-150316-34750

Date of buy back from05/03/2015
Date of buy back to05/03/2015
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)100,000
Minimum price paid for each share purchased ($$)0.175
Maximum price paid for each share purchased ($$)0.175
Total amount paid for shares purchased ($$)17,628.25
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)100,000
Total number of shares retained in treasury (units)4,966,600
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished
Date lodged with registrar of companies13/03/2015
Lodged by Secretaties Inc Sdn Bhd


KLK - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

Announcement Type: General Announcement
Company NameKUALA LUMPUR KEPONG BERHAD  
Stock Name KLK  
Date Announced16 Mar 2015  
CategoryGeneral Announcement
Reference NoKL-150313-1EF0A

TypeAnnouncement
SubjectMONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
DescriptionListed Companies' Crop
February 2015

We submit below the crop figures for the month of February 2015:-

2014

Oct

Nov  

Dec

Fresh Fruit Bunches (mt)

323,481

333,284

297,944

Crude Palm Oil (mt)

74,412

75,555

67,187

Palm Kernel (mt)

15,025

15,107

13,191

Rubber (kg)

1,241,962

1,362,280

934,940

2015

Jan 

Feb

Mar

Apr

May 

Jun

Jul 

Aug

Sep  

Fresh Fruit Bunches (mt)

271,682

249,358

 

 

 

 




Crude Palm Oil (mt)

60,867

57,416

 

 

 

 

 

 


Palm Kernel (mt)

12,185

11,208

 

 

 

 

 



Rubber (kg)

1,539,944

1,553,690

 

 

 

 

 





BSTEAD - OTHERS BOUSTEAD HOLDINGS BERHAD (“BHB” OR “COMPANY”) ACQUISITION OF 8,000,000 ORDINARY SHARES OF RM1.00 EACH (“SHARES”) IN PFC ENGINEERING SDN BHD ("PFCE") REPRESENTING 80% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PFCE FOR A TOTAL CASH CONSIDERATION OF RM20,000,000 (“ACQUISITION”)

Announcement Type: General Announcement
Company NameBOUSTEAD HOLDINGS BERHAD  
Stock Name BSTEAD  
Date Announced16 Mar 2015  
CategoryGeneral Announcement
Reference NoBH-150316-37084

TypeAnnouncement
SubjectOTHERS
DescriptionBOUSTEAD HOLDINGS BERHAD (“BHB” OR “COMPANY”)

ACQUISITION OF 8,000,000 ORDINARY SHARES OF RM1.00 EACH (“SHARES”) IN PFC ENGINEERING SDN BHD ("PFCE") REPRESENTING 80% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PFCE FOR A TOTAL CASH CONSIDERATION OF RM20,000,000 (“ACQUISITION”)

We refer to the announcements dated 6 August 2014, 5 November 2014 and 15 December 2014 in relation to the Acquisition (“Announcements”).

Unless otherwise stated, words and expressions used in this announcement shall have the same meaning as those attributed to them in the Announcements.

The Board of Directors of BHB, wishes to announce that BHB and the Vendors have mutually agreed not to further extend the period to fulfill the Conditions Precedent which expired on 15 March 2015. Accordingly, the SSA in relation to the Acquisition is deemed rescinded, terminated and completely discharged pursuant to the terms of the SSA. 

The Board of Directors of BHB does not foresee material financial impact to BHB as a result of the termination of the SSA in terms of the effect on earnings per share and net asset per share.

This announcement is dated 16 March 2015.

 

 


TASEK - 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 NameTASEK CORPORATION BERHAD  
Stock Name TASEK  
Date Announced16 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTT-150316-2837D

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 holderAberdeen Asset Management PLC ("Aberdeen") and its subsidiaries
10 Queen's Terrace
Aberdeen, AB10 1YG
Scotland

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed10/03/2015
5,000
 

Circumstances by reason of which change has occurredSale by Aberdeen.

MUFG is deemed interested in the shares by virtue of MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp. holding more than 15% in Aberdeen.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)14,906,359 
Indirect/deemed interest (%)12.3047 
Total no of securities after change14,906,359
Date of notice13/03/2015

Remarks :
Notice was received on 16 March 2015


TASEK - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management PLC and its subsidiaries

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTASEK CORPORATION BERHAD  
Stock Name TASEK  
Date Announced16 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTT-150316-D7299

Particulars of substantial Securities Holder

NameAberdeen Asset Management PLC and its subsidiaries
Address10 Queen's Terrace
Aberdeen
AB10 1YG
Scotland
NRIC/Passport No/Company No.82015
Nationality/Country of incorporationScotland
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holder1) Aberdeen Asset Management Asia Limited
21 Church Street #01-01
Capital Square Two
Singapore 049480 (10,341,030)

2) Aberdeen Asset Management Inc.
103 Springer Building
3411 Silverside Road
Wilmington, Delaware 19810 USA (411,600)

3) Aberdeen Asset Management Sdn Bhd
Suite 1005, 10th Floor
Wisma Hamzah-Kwong Hing
No 1, Leboh Ampang
50100 Kuala Lumpur (4,493,329)

4) Aberdeen Islamic Asset Management Sdn Bhd
Suite 1005, 10th Floor
Wisma Hamzah-Kwong Hing
No 1, Leboh Ampang
50100 Kuala Lumpur (35,700)

5) Aberdeen International Fund Managers Limited
Rm 2605-06, 26/F
Alexandra House 18
Chater Road, Central
Hong Kong (7,709,360)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed12/03/2015
20,000
 

Circumstances by reason of which change has occurred1) An investment position taken in connection with Aberdeen Asset Management Asia Limited's ordinary business in fund management.

2) An investment position taken in connection with Aberdeen Asset Management Inc.'s ordinary business in fund management.

3) An investment postition taken in connection with Aberdeen Asset Management Sdn Bhd's ordinary business in fund management.

4) An investment postition taken in connection with Aberdeen Islamic Asset Management Sdn Bhd's ordinary business in fund management.

5) An investment postition taken in connection with Aberdeen International Fund Managers Limited's ordinary business in fund management.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)14,870,059 
Indirect/deemed interest (%)12.2748 
Total no of securities after change14,870,059
Date of notice13/03/2015

Remarks :
Notice was received on 16 March 2015


TASEK - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management PLC and its subsidiaries

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTASEK CORPORATION BERHAD  
Stock Name TASEK  
Date Announced16 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTT-150316-D52B5

Particulars of substantial Securities Holder

NameAberdeen Asset Management PLC and its subsidiaries
Address10 Queen's Terrace
Aberdeen
AB10 1YG
Scotland
NRIC/Passport No/Company No.82015
Nationality/Country of incorporationScotland
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holder1) Aberdeen Asset Management Asia Limited
21 Church Street #01-01
Capital Square Two
Singapore 049480 (10,341,030)

2) Aberdeen Asset Management Inc.
103 Springer Building
3411 Silverside Road
Wilmington, Delaware 19810 USA (411,600)

3) Aberdeen Asset Management Sdn Bhd
Suite 1005, 10th Floor
Wisma Hamzah-Kwong Hing
No 1, Leboh Ampang
50100 Kuala Lumpur (4,513,329)

4) Aberdeen Islamic Asset Management Sdn Bhd
Suite 1005, 10th Floor
Wisma Hamzah-Kwong Hing
No 1, Leboh Ampang
50100 Kuala Lumpur (35,700)

5) Aberdeen International Fund Managers Limited
Rm 2605-06, 26/F
Alexandra House 18
Chater Road, Central
Hong Kong (7,709,360)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed11/03/2015
16,300
 

Circumstances by reason of which change has occurred1) An investment position taken in connection with Aberdeen Asset Management Asia Limited's ordinary business in fund management.

2) An investment position taken in connection with Aberdeen Asset Management Inc.'s ordinary business in fund management.

3) An investment postition taken in connection with Aberdeen Asset Management Sdn Bhd's ordinary business in fund management.

4) An investment postition taken in connection with Aberdeen Islamic Asset Management Sdn Bhd's ordinary business in fund management.

5) An investment postition taken in connection with Aberdeen International Fund Managers Limited's ordinary business in fund management.
Nature of interestDeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)14,890,059 
Indirect/deemed interest (%)12.2913 
Total no of securities after change14,890,059
Date of notice12/03/2015

Remarks :
Notice was received on 16 March 2015


SENDAI - OTHERS PRESS RELEASE : EVERSENDAI WINS RM 246 MILLION SAUDI CONTRACTS

Announcement Type: General Announcement
Company NameEVERSENDAI CORPORATION BERHAD  
Stock Name SENDAI  
Date Announced16 Mar 2015  
CategoryGeneral Announcement
Reference NoEC-150316-95830

TypeAnnouncement
SubjectOTHERS
DescriptionPRESS RELEASE : EVERSENDAI WINS RM 246 MILLION SAUDI CONTRACTS

Attachment for public release.



KPJ - 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 NameKPJ HEALTHCARE BERHAD  
Stock Name KPJ  
Date Announced16 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoJC-150316-A755D

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 Nominess (Tempatan) Sdn Bhd
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)
Disposed10/03/2015
715,800
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change119,509,195
Date of notice11/03/2015

Remarks :
Notice dated 11 March 2015 was received via courier on 13 March 2015.


ASTINO - Changes in Sub. S-hldr's Int. (29B) - Ng Back Teng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameASTINO BERHAD  
Stock Name ASTINO  
Date Announced16 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-150316-8BA80

Particulars of substantial Securities Holder

NameNg Back Teng
Address3 Lorong Tambun Indah 7
Taman Tambun Indah
Simpang Empat
14100 Seberang Perai Selatan
NRIC/Passport No/Company No.481127-07-5393
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
Name & address of registered holderNg Back Teng
3 Lorong Tambun Indah 7
Taman Tambun Indah
Simpang Empat
14100 Seberang Perai Selatan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired13/03/2015
5,000
0.695 

Circumstances by reason of which change has occurredOpen Market Acquisition
Nature of interestDirect
Direct (units)19,797,436 
Direct (%)7.22 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change19,797,436
Date of notice16/03/2015


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

Announcement Type: General Announcement
Company NameKNM GROUP BERHAD  
Stock Name KNM  
Date Announced16 Mar 2015  
CategoryGeneral Announcement
Reference NoKG-150313-40058

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionJoint Venture Agreement between KNM Process Systems Sdn Bhd (“KNMPS”) and Hansol EME Co., Ltd (“Hansol”)

1. INTRODUCTION

KNM Group Berhad (“KNM”) is pleased to announce that on 16 March 2015, KNM’s wholly-owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS”) had entered into a Joint Venture Agreement (“JVA”) with Hansol EME Co., Ltd (“Hansol”) to inter alia set up a joint venture company called Hansol KNM Greentech Sdn. Bhd. (“HKG” or “JVCO”).

2. INFORMATION ON KNMI/KNMRE/KNMPS, HANSOL AND JVCO

KNMPS was incorporated on 28 June 1990. It is principally involved in the design, manufacture, assembly and commissioning of process equipment, pressure vessels, heat exchangers, skid mounted assemblies, process pipe systems, storage tanks, specialised structural assemblies and module assemblies and EPCC turnkey contracting for the oil, gas, petrochemical, power and renewable energy industries. Its authorised share capital is RM2,500,000,000 divided into 2,500,000,000 ordinary shares of RM1.00 each and its issued and paid-up is RM1,600,000,000.

Hansol EME Co. Ltd. is a company incorporated on 1 September 2001 and based in South Korea with its registered/business address at 12th Floor, First Tower, 55, Bundang-ro, Bundang-gu, Seongnam-si, Gyenoggi-do, 463-824, Korea. Hansol is primarily involved in engineering, procurement, construction and operation and maintenance of paper plant, incineration plant, WTE plant, Wastewater treatment plant, etc. More information can be obtained from their website at www.hansoleme.com/eng. The current Directors and Contributive Structure for the registered capital of Hansol (being a limited liability company) are as follows:-

(a)

Directors of Hansol:

1. Doo Hoi Choi

2. Han Chul Park

3. Gu Su Joun

4. Do Hyun Kim

5. Hi Jun Cho

6. Kyung Yuel Choi

7. Jae Chul Ryu

(b)

Contributive Structure for Registered Capital of Hansol:

Name:

Amount of contribution

(WON)

Ratio of Capital

(%)

i. Hansol Lighting Inc.

29,416,810,000

79.11

ii. Hansol Paper Co., Ltd

7,052,625,000

18.97

iii. Others

714,785,000

1.92

JVCO was incorporated on 16 March 2015 with an authorised share capital of RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each and its issued and paid-up capital is currently RM2.00. JVCO's intended principal activities are the undertaking of engineering, procurement and construction of mutually identified biomass waste projects.

3. SALIENT TERMS OF JVA

(i) KNMPS and Hansol (collectively “the Parties”) intends to invest in the JVCO on 40% KNMPS : 60% Hansol basis (“participation ratio”) and upon completion of the JVA, the paid up capital of JVCO shall be RM1,000,000.00 (“the Investment”).

(ii) Hansol shall act as the leader of the JVCO in the negotiation and successful implementation of any business opportunities of the JVCO, and to execute the overall management and coordination of the Parties’ combined activities.

(iii) The Parties shall be responsible and liable in respect of the execution and completion of works, services or supplies to be performed or provided by the JVCO in relation to any business opportunities in proportion to their participation ratio.

(iv) The JVA may be terminated upon occurrence of the following events:-

(a) the Parties are not able to agree upon a mutually acceptable contract with the third party/customer involved in the business opportunity;

(b) the third party/customer involved in the business opportunity has terminated its contract with the Parties provided there are no liabilities to be adjusted between the Parties;

(c) the contract with the third party/customer involved in the business opportunity has been fully performed in accordance with its terms and conditions, full and complete payment has been made thereon and all rights and liabilities of the said third party has terminated or expired and there are no liabilities to be adjusted between the Parties under the JVA; or

(d) the Parties agree in writing to terminate the JVA.

4. DETAILS OF THE INVESTMENT

KNMPS shall subscribe for 400,000 new shares in the JVCO at par value of RM1.00 each. The total subscription consideration shall be fully settled in cash through internally generated funds and/or shareholders’ advances.

5. RATIONALE FOR THE JVA

The JVCO will complement KNM’s existing engineering, procurement, construction and commissioning businesses to undertake specific projects with Hansol.

6. FINANCIAL EFFECTS OF THE INVESTMENT

6.1 Share Capital

The JVA does not affect the share capital of KNM.

6.2 Earnings

The JVA is not expected to have any material effect on the consolidated earnings of KNM for the financial year ending 31 December 2015 although it is expected to contribute positively to KNMPS/KNM Group’s earnings in the future.

6.3 Substantial Shareholders’ Shareholdings

The JVA does not affect the shareholdings of the substantial shareholders in KNM.

6.4 Net Assets and Gearing

The JVA is not expected to have any material effect on the consolidated net assets and gearing of KNM for the year ending 31 December 2015.

7. RISK FACTORS


The JVA is subject to certain risks mainly in the renewable energy industry. These include changes in general economic conditions such as, but not limited to inflation, taxation, foreign exchanges, interest rates, labour and material supply, changes in business and operating conditions such as, but not limited to government and statutory regulations and deterioration in prevailing market conditions.

The JVA does not alter the risk profile of KNM as KNM Group is already operating in this industrys and hence would continue to be exposed to risk factors that they currently face whilst operating in the industry.

Although KNM Group with its vast experience may undertake efforts to mitigate the various risks, there is no assurance that any change in the above factors will not have a material adverse effect on the business and operations of KNMPS/KNM Group.

8. DIRECTORS’ STATEMENT

Having considered all aspects of the JVA, the Board of Directors is of the opinion that the Investments are in the best interest of the Company.

9. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors, major shareholders or persons connected to the Directors and/or major shareholders of the Company has any interest, direct or indirect in the JVA.

10. CONDITION OF JVA

The JVA is not subject to the approval of any governmental authority and/or the shareholders of KNM.

11. DOCUMENTS FOR INSPECTION

Details of JVA are available for inspection at the registered office of KNM at 15 Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia for three (3) months from date of this Announcement during normal business hours from Mondays to Fridays.

12. HIGHEST PERCENTAGE RATIO

The highest percentage ratio pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad applicable to the Investment is 0.03%.

This announcement is dated 16 March 2015.



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