April 3, 2015

Company announcements: CMSB, MISC, ORIENT, HUMEIND, IQGROUP, WASEONG

CMSB - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)NON RELATED PARTY TRANSACTION

Announcement Type: General Announcement
Company NameCAHYA MATA SARAWAK BERHAD  
Stock Name CMSB  
Date Announced3 Apr 2015  
CategoryGeneral Announcement
Reference NoMI-150403-62496

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDTE-150403-57720
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTION
DescriptionCAHYA MATA SARAWAK BERHAD ("CMSB")
PROPOSED ACQUISITION OF 42,435,817 ORDINARY SHARES OF RM1.00 EACH IN SACOFA SDN. BHD. REPRESENTING 50.0% OF THE ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF SACOFA FROM THE STATE FINANCIAL SECRETARY OF SARAWAK FOR A TOTAL PURCHASE CONSIDERATION OF RM186,790,429 IN CASH ("PROPOSED ACQUISITION")
Query Letter Contents We refer to your Company's announcement dated 2 April 2015, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. Basis and justification in agreeing and arriving at the price-to-earnings
multiple ("PE Multiple") of 7.23 times over the audited PAT for the financial
year ended 31 December 2013 and to state whether the PE Multiple of 7.23 times
is comparable with any transactions of a similar nature or companies that are
involved in a similar business.
2. It is noted that one of the Conditions Precedent is that Cahya Mata Sarawak
Berhad ("CMSB") and SACOFA is to enter into an agreement for the purchase of
18,444,697 warrants of SACOFA held by the SFS on terms satisfactory to the
parties. In this regard, please provide the detailed explanation for making
such arrangement as Conditions Precedent instead of being considered
conclusively at the point of signing the SPA given that it may impact the
valuation of the Proposed Acquisition.
3. The list of the warrantholders that own the outstanding 43,471,634 warrants.
4. Basis and rationale for CMSB to undertake the Proposed Acquisition of 50%
stake in SACOFA given that there is a potential dilution in the shareholdings
should the outstanding warrants be exercised.
5. Nature of concession under the Concession Agreement dated 5 March 2002
(whether it is Built-Operate-Transfer; Built-Transfer-Operate or
Built-Own-Operate, etc.).
6. Given that the remaining concession period is only 7 years from the expiry
date, please clarify by stating whether there is any clause that allows the
Concession Agreement to be extended.
7. To provide the commentary on the financial performance for the past 3 years.




Page 2/-


8. To provide the detailed clarification to the statement made by the Managing
Director of CMSB in the media release, which is reproduced as follows:-

"While CMSB understands that our major stakeholders will have many questions
about this acquisition, we have no further comment to make until the sale and
purchase is concluded, at which time we will make a further statement".

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully




HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation
/TEK

c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)

We refer to CMSB’s press release dated 2 April 2014 in relation to the Proposed Acquisition.

 

On behalf of the Board of Directors of CMSB, Kenanga Investment Bank Berhad wishes to provide clarification on the following statement in the press release:

 

"While CMSB understands that our major stakeholders will have many questions about this acquisition, we have no further comment to make until the sale and purchase is concluded, at which time we will make a further statement."

 

The above statement is meant to inform CMSB stakeholders that CMSB will make further necessary announcements once CMSB has completed the due diligence exercise and firmed up CMSB’s plans for Sacofa.

This announcement is dated 3 April 2015.

 


MISC - 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 NameMISC BERHAD  
Stock Name MISC  
Date Announced3 Apr 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-150403-E06CC

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 RM1.00 each
Name & address of registered holderCITIGROUP NOMINEES (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)
Disposed30/03/2015
586,900
 
Acquired30/03/2015
300,000
 

Circumstances by reason of which change has occurredDisposal and Acquisition of Shares
Nature of interestDirect
Direct (units)316,120,771 
Direct (%)7.08 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change316,120,771
Date of notice31/03/2015

Remarks :
The notice was received on 3 April 2015.

The total no. of direct interest of 316,120,771 shares consists of:-

(a) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 586,900 shares) - 279,916,111 shares;

(b) Employees Provident Fund Board - 1,500,000 shares;

(c) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (Amundi) (Acquired 300,000 shares) - 1,500,000 shares;

(d) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 2,344,660 shares;

(e) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (Nomura) - 6,129,100 shares;

(f) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) - 23,318,000 shares;

(g) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - 650,000 shares;

(h) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (F Templeton) - 762,900 shares.


ORIENT - 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 NameORIENTAL HOLDINGS BERHAD  
Stock Name ORIENT  
Date Announced3 Apr 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-150403-482EB

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 stocks of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd for 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)
Disposed31/03/2015
60,000
 

Circumstances by reason of which change has occurredDisposal of shares by Employees Provident Fund Board
Nature of interestDirect Interest
Direct (units)54,414,116 
Direct (%)8.77 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change54,414,116
Date of notice01/04/2015

Remarks :
This Notice was received on 3 April 2015.


HUMEIND - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameHUME INDUSTRIES BERHAD  
Stock Name HUMEIND  
Date Announced3 Apr 2015  
CategoryChange in Audit Committee
Reference NoNI-150331-65529

Date of change03/04/2015
NameDatuk Syed Zaid bin Syed Jaffar Albar
Age60
NationalityMalaysian
Type of changeResignation
DesignationChairman of Audit Committee
DirectorateIndependent & Non Executive
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuer 
Any conflict of interests that he/she has with the listed issuer 
Details of any interest in the securities of the listed issuer or its subsidiaries 
Composition of Audit Committee (Name and Directorate of members after change)1. YBhg Dato' Rosman bin Abdullah (Chairman, Independent Non-Executive Director)
2. Mr Seow Yoo Lin (Member, Independent Non-Executive Director)
3. YBhg Dato' Ir Tan Gim Foo (Member, Independent Non-Executive Director)

Remarks :
This announcement is dated 3 April 2015.


HUMEIND - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameHUME INDUSTRIES BERHAD  
Stock Name HUMEIND  
Date Announced3 Apr 2015  
CategoryChange in Boardroom
Reference NoNI-150331-64974

Date of change03/04/2015
NameDatuk Syed Zaid bin Syed Jaffar Albar
Age60
NationalityMalaysian
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Type of changeResignation
ReasonDedicate more time to his other commitments.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuer 
Any conflict of interests that he/she has with the listed issuer 
Details of any interest in the securities of the listed issuer or its subsidiaries 

Remarks :
This announcement is dated 3 April 2015


HUMEIND - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameHUME INDUSTRIES BERHAD  
Stock Name HUMEIND  
Date Announced3 Apr 2015  
CategoryChange in Boardroom
Reference NoNI-150331-65381

Date of change03/04/2015
NameDatuk Wira Azhar bin Abdul Hamid
Age54
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
QualificationsA Fellow member of the Association of Chartered Certified Accountants, United Kingdom and a member of the Malaysian Institute of Accountants. 
Working experience and occupation Datuk Wira Azhar bin Abdul Hamid began his early career in the United Kingdom where he served British Telecom Plc as an Internal Audit Manager from 1989 to 1991. He then joined Malaysian Co-Operative Insurance Society Ltd as Head of Internal Audit prior to joining Sime Darby Berhad ("Sime Darby") in 1994.

In November 2001, he was appointed as Group Chief Executive of PERNAS International Holdings Berhad (now known as Tradewinds Corporation Berhad ["Tradewinds"]), a post he held until October 2002. Subsequently, in 2003, he returned to the Sime Darby group of companies ("Sime Darby Group") and since then, held various key positions within the Sime Darby Group including as Managing Director of Sime Darby Plantation Sdn Bhd and Acting President and Group Chief Executive of Sime Darby, overseeing the entire Sime Darby Group’s operations. In September 2011, YBhg Datuk Wira Azhar was appointed as Chief Executive Officer of Mass Rapid Transit Corporation Sdn Bhd, a position he held until December 2014. Currently he is the Group Managing Director of Tradewinds. 
Directorship of public companies (if any)1. Perbadanan Kemajuan Negeri Perak
2. ICON Offshore Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 

Remarks :
Gender: Male

This announcement is dated 3 April 2015.


HUMEIND - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameHUME INDUSTRIES BERHAD  
Stock Name HUMEIND  
Date Announced3 Apr 2015  
CategoryChange in Audit Committee
Reference NoNI-150331-66026

Date of change03/04/2015
NameDato' Ir Tan Gim Foo
Age56
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsBachelor of Engineering (Civil) Honours, University Malaya, Kuala Lumpur
Master in Business Administration, Charles Sturt University, New South Wales, Australia 
Working experience and occupation Dato' Ir Tan Gim Foo started his career as an engineer with IJM Construction Sdn Bhd ("IJMC") in 1983 and since then, has held various senior management positions including as Managing Director of IJMC. Prior to his retirement, he was the Deputy Chief Executive Officer & Deputy Managing Director of IJM Corporation Berhad from 2011 to 2013. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)Nil

Remarks :
Gender: Male

This announcement is dated 3 April 2015.


HUMEIND - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameHUME INDUSTRIES BERHAD  
Stock Name HUMEIND  
Date Announced3 Apr 2015  
CategoryChange in Audit Committee
Reference NoNI-150331-65808

Date of change03/04/2015
NameDato' Rosman bin Abdullah
Age48
NationalityMalaysian
Type of changeRedesignation
Previous PositionMember of Audit Committee
New PositionChairman of Audit Committee
DirectorateIndependent & Non Executive
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuer 
Any conflict of interests that he/she has with the listed issuer 
Details of any interest in the securities of the listed issuer or its subsidiaries 
Composition of Audit Committee (Name and Directorate of members after change)1. YBhg Dato' Rosman bin Abdullah (Chairman, Independent Non-Executive Director)
2. Mr Seow Yoo Lin (Member, Independent Non-Executive Director)
3. YBhg Dato' Ir Tan Gim Foo (Member, Independent Non-Executive Director)

Remarks :
This announcement is dated 3 April 2015.


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

Announcement Type: General Announcement
Company NameIQ GROUP HOLDINGS BERHAD  
Stock Name IQGROUP  
Date Announced3 Apr 2015  
CategoryGeneral Announcement
Reference NoCP-150403-61491

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionIQ Group Holdings Berhad ("IQGHB") wishes to inform that the following Principal Officer has given notice of his dealings in the ordinary shares of IQGHB pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

 

Name of Principal Officer

Nature of Interest

Date of Transaction

Opening Balance

No. of shares

(Disposed)/ Acquired/ #Exercise of ESOS

 

% of Shares Transacted

Price per share

 (RM)

Closing Balance

% of shares held after the transaction

Wong Kwok Hon

Direct Interest

31.03.2015

01.04.2015

98,400

68,400

(30,000)

(10,000)

0.03

0.01

2.67

2.69

68,400

58,400

0.08

0.07

 

 

 

 

 

 

 

 

 

 

 

Based on the paid-up capital of the Company of RM87,363,500.00 divided into 87,363,500 ordinary shares of RM1.00 each as at 1 April 2015.

 

This announcement is dated 3 April 2015.

 



WASEONG - OTHERS WAH SEONG CORPORATION BERHAD (“WSC” OR “THE COMPANY”) - COMPLETION OF DISTRIBUTION OF SPECIAL SINGLE TIER SHARE DIVIDEND

Announcement Type: General Announcement
Company NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG  
Date Announced3 Apr 2015  
CategoryGeneral Announcement
Reference NoWS-150402-9FC16

TypeAnnouncement
SubjectOTHERS
DescriptionWAH SEONG CORPORATION BERHAD (“WSC” OR “THE COMPANY”)
- COMPLETION OF DISTRIBUTION OF SPECIAL SINGLE TIER SHARE DIVIDEND

Reference is made to the Company’s announcement on 26 February 2015 in relation to the distribution of a special single tier share dividend via a distribution of Treasury Shares on the basis of one (1) Treasury Share for every one hundred and eighty (180) ordinary shares of RM0.50 each held (“Special Single Tier Share Dividend”), fractions of treasury shares to be disregarded, based on the entitlement date on 16 March 2015.

 

The Board of Directors of WSC wishes to announce that a total of 4,276,929 treasury shares have been distributed in respect of the Special Single Tier Share Dividend and the respective Depositors Securities Accounts of the entitled shareholders have been credited on 3 April 2015.

This announcement is dated 3 April 2015.




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