March 16, 2015

Company announcements: UNIMECH, PWORTH, TEKSENG, TALIWRK, MAHSING, EG, RCECAP, PLS, REX

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

Announcement Type: General Announcement
Company NameUNIMECH GROUP BERHAD  
Stock Name UNIMECH  
Date Announced16 Mar 2015  
CategoryGeneral Announcement
Reference NoUG-150316-64565

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionDisposal of investment in associate company – All Torque Control Co. Ltd.

Introduction

Multiplex Control & Engineering Services Pte. Ltd. (“MCES’), a wholly owned subsidiary of Unimech Group Berhad (“UGB” or “the Company”) had on 16 March 2015 disposed off 40,000 shares of SGD1.00 each representing 40% equity interest in All Torque Control Pte. Ltd. (“ATC”) to Mr. Zhang ChengWan (“ZCW”) for a total cash consideration of SGD35,000 only (equivalent to RM93,216) (“the Disposal”).

Upon the Disposal, ATC shall cease to be an associate company of MCES.

Information on ATC

ATC was incorporated on 9 March 2012 in Singapore as a private limited company. The current authorised and paid up share capital of ATC is SGD100,000 comprising 100,000 ordinary shares of SGD1.00 each.

The principal activities of ATC are marketing and supplying of pneumatic actuators for remote control valves for use in oil and gas, refinery, petrochemical, food industry, machine maker, power plant, water treatment plant, oil rig or platform and general trading.

ATC has an unaudited shareholders’ fund of SGD97,740 as at 31 December 2014.

Information of ZCW

ZCW is a China citizen. He is one of the existing shareholders and also one of the directors of ATC. He has no directorship and/or shareholding in MCES and UGB.

Disposal Consideration

The cash consideration of SGD35,000 is based on the discounted shareholders’ fund of ATC as at 31 December 2014.

Original Cost of the Investment

The date and original cost of investment of MCES in ATC were as follows:-

Date of investment

Cost of investment

9 Mar 2012

SGD40,000

Rationale for the Disposal

ATC is not generating profitable income to the Group. Therefore, the Board of Directors of UGB and MCES have decided to dispose off ATC. UGB is satisfied that the Disposal of the 40% equity interest in ATC is at a reasonable price.

Financial Effects

The Disposal will not have any material effect on the net assets per share, earnings per share and gearing of UGB for the financial year ending 31 December 2015.

The Disposal also has no effect on the share capital and substantial shareholders’ shareholding of UGB.

No liability would be assumed by MCES and UGB in the Disposal of ATC.

Directors’ and Major Shareholders’ Interest

None of the Directors and Major Shareholders or persons connected to the Directors or Major Shareholders has any interest, direct or indirect in the Disposal.

Approval Required

The Disposal is not subject to the approval of the shareholders of UGB or any other governmental authorities.

Statement by the Board of Directors

The Board of Directors is of the opinion that the Disposal is in the best interest of UGB.

Estimated Timeframe to Complete

Barring any unforeseen circumstances, the Disposal is expected to be completed within one (1) month from the date of this announcement.

Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

The highest percentage ratio pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad applicable to the Disposal is 0.055%.

This announcement is dated 16 March 2015



PWORTH - Changes in Sub. S-hldr's Int. (29B) - Lim Nyuk Foh

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePRICEWORTH INTERNATIONAL BERHAD  
Stock Name PWORTH  
Date Announced16 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-150316-59467

Particulars of substantial Securities Holder

NameLim Nyuk Foh
AddressUtama Court, Ground Floor, Lot 2, Block C1
Mile 6, North Road
90000 Sandakan, Sabah
NRIC/Passport No/Company No.640430-12-5379
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderLim Nyuk Foh
Utama Court, Ground Floor, Lot 2, Block C1
Mile 6, North Road
90000 Sandakan, Sabah

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired09/03/2015
1,927,000
 

Circumstances by reason of which change has occurredAcquired from open market
Nature of interestHolder
Direct (units)52,278,511 
Direct (%)11.51 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change52,278,511
Date of notice09/03/2015


PWORTH - Changes in Director's Interest (S135) - Lim Nyuk Foh

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePRICEWORTH INTERNATIONAL BERHAD  
Stock Name PWORTH  
Date Announced16 Mar 2015  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-150316-59958

Information Compiled By KLSE

Particulars of Director

NameLim Nyuk Foh
AddressUtama Court, Ground Floor, Lot 2, Block C1
Mile 6, North Road
90000 Sandakan, Sabah
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
09/03/2015
1,927,000
 

Circumstances by reason of which change has occurredAcquired from open market
Nature of interestHolder
Consideration (if any) 

Total no of securities after change

Direct (units)52,278,511 
Direct (%)11.51 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice09/03/2015


TEKSENG - OTHERS TEK SENG HOLDINGS BERHAD (“TEK SENG”) - LETTER OF AWARD

Announcement Type: General Announcement
Company NameTEK SENG HOLDINGS BERHAD  
Stock Name TEKSENG  
Date Announced16 Mar 2015  
CategoryGeneral Announcement
Reference NoCC-150316-62743

TypeAnnouncement
SubjectOTHERS
DescriptionTEK SENG HOLDINGS BERHAD (“TEK SENG”)
- LETTER OF AWARD
The Board of Directors of TEK SENG wishes to inform that its 68.09% owned subsidiary, TS Solartech Sdn. Bhd. was awarded by Sustainable Energy Development Authority Malaysia (“SEDA Malaysia”) vide their letter dated 13 March 2015 the Feed-in Tariff (FiT) quota under the Solar Photovoltaic for non-individual category with capacity more than 425kW until 1MW.
This award does not have any material financial effects on TEK SENG Group for the financial year ending 31 December 2015. However, it is expected to contribute positively to the future earnings of TEK SENG Group.

None of the Directors and/or major shareholders of TEK SENG and/or persons connected with them have any interest, whether direct or indirect in the above transaction.


This announcement is dated 16 March 2015.


TALIWRK - OTHERS TALIWORKS CORPORATION BERHAD ("Taliworks" or "the Company") Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders' Mandate")

Announcement Type: General Announcement
Company NameTALIWORKS CORPORATION BERHAD  
Stock Name TALIWRK  
Date Announced16 Mar 2015  
CategoryGeneral Announcement
Reference NoCK-150310-53242

TypeAnnouncement
SubjectOTHERS
DescriptionTALIWORKS CORPORATION BERHAD ("Taliworks" or "the Company")
Proposed Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders' Mandate")

The Board of Directors of Taliworks wishes to announce that the Company proposes to seek the approval of its shareholders on the Proposed Shareholders' Mandate at the forthcoming Twenty Fourth Annual General Meeting of the Company.

The Circular in relation to the Proposed Shareholders’ Mandate will be dispatched to the shareholders of the Company in due course.

This announcement is dated 16 March 2015.

 



MAHSING - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board ("EPF")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced16 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMS-150316-7DC01

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board ("EPF")
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 holder1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board

2. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (RHB INV)

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)
Acquired11/03/2015
18,700
 

Circumstances by reason of which change has occurredAcquisition of shares by EPF's fund manager
Nature of interestDirect
Direct (units)145,468,639 
Direct (%)7.575 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change145,468,639
Date of notice12/03/2015

Remarks :
Form 29B was received on 16 March 2015.


EG - 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 NameEG INDUSTRIES BERHAD  
Stock Name EG  
Date Announced16 Mar 2015  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoEI-150303-38819

Date of buy back from03/03/2015
Date of buy back to03/03/2015
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)5,000
Minimum price paid for each share purchased ($$)0.800
Maximum price paid for each share purchased ($$)0.800
Total amount paid for shares purchased ($$)4,017.20
The name of the stock exchange through which the shares were purchased BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units)5,000
Total number of shares retained in treasury (units)284,000
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies13/03/2015
Lodged by SYMPHONY CORPORATEHOUSE SDN BHD


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 Announced16 Mar 2015  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-150316-62424

Date of buy back16/03/2015
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)90,000
Minimum price paid for each share purchased ($$)0.315
Maximum price paid for each share purchased ($$)0.315
Total consideration paid ($$)28,557.61
Number of shares purchased retained in treasury (units)90,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)53,120,400
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 (%)3.98


PLS - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NamePLS PLANTATIONS BERHAD  
Stock Name PLS  
Date Announced16 Mar 2015  
CategoryGeneral Announcement
Reference NoPP-150316-61664

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionPLS (“Plaintiff”) vs Josu Engineering Construction Sdn Bhd (“Defendant”) Shah Alam High Court Suit No. MT3-22-1373-2007

We refer to the announcement dated 22 November 2012, 28 November 2012, 6 December 2012, 28 June 2013, 10 July 2013, 17 July 2013, 30 July 2013, 5 August 2013, 28 October 2013, 21 November 2013, 24 January 2014, 23 April 2014, 16 May 2014, 30 June 2014, 18 August 2014, 17 September 2014 and 14 October 2014 in relation to the above.

The Board of Directors of PLS Plantations Berhad (formerly known as Pembinaan Limbongan Setia Berhad) (“Plaintiff or the Company”) has been informed by its solicitor of the following update:-

During the case management, our solicitors informed the High Court that the arbitration proceedings were held in March, 2015 over 4 days. Further hearing dates have been fixed over the months from April to June 2015. The Court has now fixed for case management on 7 July 2015 to update on the arbitration proceedings.

This announcement is dated 16 March 2015.


REX - Changes in Director's Interest (S135) - Darmendran A/L Kunaretnam (Amended Announcement)

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameREX INDUSTRY BERHAD  
Stock Name REX  
Date Announced16 Mar 2015  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoRI-150316-44832

Information Compiled By KLSE

Particulars of Director

NameDarmendran A/L Kunaretnam
AddressNo 1, Jalan 5/58A,
Gasing Indah,
46000 Petaling Jaya.
Descriptions(Class & nominal value)Ordinary shares of RM1.00

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
04/03/2015
990,000
 
Acquired
05/03/2015
490,000
 

Circumstances by reason of which change has occurredOut of 10,451,213 shares:
i)3,151,313 shares registered in the name of Darmendran A/L Kunaretnam were acquired via open market and,
ii)7,300,000 shares registered in the name of Daiman Taipan Sdn Bhd were acquired via off market.
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)3,151,313 
Direct (%)5.62 
Indirect/deemed interest (units)7,300,000 
Indirect/deemed interest (%)13.02 
Date of notice06/03/2015

Remarks :
1) Out of 10,451,213 shares:
i)3,151,313 ordinary shares are registered in the name of Darmendran A/L Kunaretnam.
ii)7,300,000 shares registered in the name of Daiman Taipan Sdn Bhd.

2) The above acquisition via open market by,
a) Mr Darmendran A/L Kunaretnam of 990,000 ordinary shares collectively represent 1.78% and
b) Daiman Taipan Sdn Bhd of 490,000 ordinary shares collectively represent 0.87% of the total issued share capital of the Company respectively.

The notice was received on 6 March 2015.


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