April 20, 2015

Company announcements: PRDUREN, RCECAP, ITRONIC, WCT, YOKO

PRDUREN - Change in Boardroom - MAZLIN BIN MD. JUNID

Announcement Type: Change in Boardroom
Company Name PERDUREN (M) BERHAD
Stock Name PRDUREN
Date Announced 20 Apr 2015
Category Change in Boardroom
Reference Number C03-20042015-00003

Date of change 20 Apr 2015
Name Dato MAZLIN BIN MD. JUNID
Age 53
Nationality Malaysia
Designation Director
Directorate Non Independent and Non Executive
Type of change Appointment
Qualifications
Bachelor of Science, Mechanical Engineering (Brighton Polytechnic, Sussex)
Masters in Business Administration (Cranfield University, United Kingdom)
Working experience and occupation
Dato' Mazlin started his career 1984 with Hicom Yamaha Manufacturing (M) Sdn Bhd as Assistant Manager of Operations to head the Planning, Operations and Production Control.  In 1987, he joined PA Consulting Group based in the United Kingdom as Senior Consultant & Regional Manager for the manufacturing sector. During his four (4) year stint with PA Consulting Group, he was seconded to work in 13 different organisations in the area of performance improvement and profit turnaround. 

In 1992, he left PA Consulting Group and joined the Sime Darby group as Managing Director of five (5) companies. He ascended to the group level of the Sime Darby group in 1995 as Group Manager.

 From 1995-1997, he was a business partner of ASPAC Executive Search Sdn Bhd (ASPAC), a recruitment agency in Malaysia with operations in the United Kingdom, Australia and other Asian countries through affiliate offices.
Directorship of public companies (if any)
None
Family relationship with any director and/or major shareholder of the listed issuer
Izreen Natalia binti Mazlin and Ikhmal Mirza bin Mazlin are the daughter and son of Dato' Mazlin bin Md. Junid, both have indirect interests held through her/his father's shareholdings through Mizreen Capital Sdn Bhd and Accentvest Sdn Bhd pursuant to Section 6A(4) of the Companies Act, 1965.
Any conflict of interests that he/she has with the listed issuer
None
Details of any interest in the securities of the listed issuer or its subsidiaries
Indirect interests of 29,400,000 shares (21.79%) held through Mizreen Capital Sdn Bhd and Accentvest Sdn Bhd in which Dato' Mazlin bin Md. Junid has controlling interest by virtue of Section 6 (A) of the Companies Act, 1965.



Remarks :
Working experience and occupation (Cont'd)
After he divested his equity stake in ASPAC, he acquired a majority interest in SECA Dyme Sdn Bhd (SECA), a petrochemical supply company. When he acquired SECA, it was a loss making concern which he turned around within a year and in 2007 when SECA was injected into Daya Materials Berhad (DMB).

In 2007, he was appointed the Executive Vice Chairman, President & Group Chief Executive Officer of DMB after DMB acquired SECA.  He resigned from the Board of DMB in August 2014. He was also formerly an Independent, Non-Executive Director of Sapura Industrial Berhad, Sapura Technology Berhad and Metronic Global Berhad. He was also formerly an Independent Non-Executive Director and Chairman of the Audit Committee of MTD Infraperdana Berhad. He was also an Executive Director-Corporate Affairs & Development in Reach Energy Berhad. He is also a director of several private limited companies which he owns.


PRDUREN - Change in Nomination Committee - LOH CHEN YOOK

Announcement Type: Change in Nomination Committee
Company Name PERDUREN (M) BERHAD
Stock Name PRDUREN
Date Announced 20 Apr 2015
Category Change in Nomination Committee
Reference Number C08-20042015-00002

Date of change 20 Apr 2015
Salutation Mr
Name LOH CHEN YOOK
Age 61
Nationality Malaysia
Type of change Cessation Of Office
Designation Director
Directorate Non Independent and Non Executive
Composition of Nomination Committee(Name and Directorate of members after change)
1) Teo Chee Kok (Chairman), Independent Non-Executive Director
2) Leow Hoi Loong @ Liow Hoi Loong (member), Independent Non-Executive Director


Remarks :
The Company will review the composition of the Nomination Committee in due course.


PRDUREN - Change in Boardroom - LOH CHEN YOOK

Announcement Type: Change in Boardroom
Company Name PERDUREN (M) BERHAD
Stock Name PRDUREN
Date Announced 20 Apr 2015
Category Change in Boardroom
Reference Number C03-20042015-00004

Date of change 20 Apr 2015
Name Mr LOH CHEN YOOK
Age 61
Nationality Malaysia
Designation Director
Directorate Non Independent and Non Executive
Type of change Resignation
Reason
Due to streamlining of the Board composition
Details of any disagreement that he/she has with the Board of Directors No
Whether there are any matters that need to be brought to the attention of shareholders No
Qualifications
Malaysia Certificate Education(MCE)
Working experience and occupation
Mr Loh has over 27 years of experience in business. Over the years, the involvement of his business is property development, infra-structure, building construction as well as timber logging.
Directorship of public companies (if any)
Family relationship with any director and/or major shareholder of the listed issuer
None
Any conflict of interests that he/she has with the listed issuer
None
Details of any interest in the securities of the listed issuer or its subsidiaries
None




RCECAP - Notice of Shares Buy Back Immediate Announcement

Announcement Type: Notice of Shares Buy Back Immediate Announcement
Company Name RCE CAPITAL BERHAD
Stock Name RCECAP
Date Announced 20 Apr 2015
Category Notice of Shares Buy Back Immediate Announcement
Reference Number SB1-20042015-00002

Date of buy back 20 Apr 2015
Description of shares purchased Ordinary shares of RM0.10 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 510,800
Minimum price paid for each share purchased ($$) 0.345
Maximum price paid for each share purchased ($$) 0.350
Total consideration paid ($$) 179,030.79
Number of shares purchased retained in treasury (units) 510,800
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units) 57,361,700
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 (%) 4.30000




ITRONIC - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") DISPOSAL OF PROPERTY

Announcement Type: General Announcement for PLC
Company Name INDUSTRONICS BERHAD
Stock Name ITRONIC
Date Announced 20 Apr 2015
Category General Announcement for PLC
Reference Number GA1-20042015-00131

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
DISPOSAL OF PROPERTY

(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 20 November 2014.)

Reference is made to the Company’s announcements dated 20 November 2014, 25 November 2014 and 27 November 2014.

The Board of Directors of Industronics is pleased to announce that the Company had on 17 April 2015 received  full and final payment for the Balance Purchase Price and as such the Sale and Purchase Agreement in respect of the disposal of a two (2) storey factory with office and guardhouse bearing postal address of No. 6, Jalan Perusahaan Utama, Taman Industri Selesa Jaya, 43300 Kajang, Selangor Darul Ehsan has been duly completed on 17 April 2015.

This announcement is dated 20 April 2015.






ITRONIC - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") - DISPOSAL OF SHARES IN SOLUTION ENGINEERING HOLDINGS BERHAD

Announcement Type: General Announcement for PLC
Company Name INDUSTRONICS BERHAD
Stock Name ITRONIC
Date Announced 20 Apr 2015
Category General Announcement for PLC
Reference Number GA1-20042015-00132

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
- DISPOSAL OF SHARES IN SOLUTION ENGINEERING HOLDINGS BERHAD

Reference is made to the Company’s announcements made on 3 December 2013, 3 January 2014, 21 January 2014, 28 April 2014, 30 April 2014, 9 May 2014, 12 May 2014, 19 May 2014 and Circular to Shareholders dated 6 January 2014 respectively.

The Board of Directors of Industronics wishes to inform that Industronics has on 17 April 2015 disposed in the open market an aggregate of 3,241,900 ordinary shares of RM0.10 each in Solution Engineering Holdings Berhad (“SEHB”), a public company listed on ACE Market of Bursa Malaysia Securities Berhad, representing 1.65% of the existing issued and paid up share capital of SEHB (based on SEHB’s issued and paid-up capital as at 31 December 2014 as announced on 27 February 2015) at the average disposal price of RM0.328 each or gross proceeds of totaling RM1,063,343.20 (“Disposal”).

Upon completion of the Disposal, the Company’s shareholdings in SEHB reduced to 1,259,200 SEHB’s shares, representing approximately 0.64% of the issued and paid-up share capital of SEHB.

The Disposal will not have any effect on the issued and paid-up share capital and shareholding structure of the substantial shareholders in Industronics. The Disposal will not have material effect on the net assets per share, gearing and earnings per share of the Industronics Group for the current financial year ending 31 December 2015.

The Company made a book gain of approximately RM0.38 million from the Disposal as compared to the carrying value of investment for the said 3,241,900 SEHB shares of RM0.68 million.

The highest percentage ratio applicable to the Disposal pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 1.7% and the aggregate percentage ratio applicable to the SEHB shares disposed on 28 April 2014, 29 April 2014, 8 May 2014, 9 May 2014, 16 May 2014 and 17 April 2015 is 11.2%.

None of the directors and/ or the major shareholders of Industronics and/ or persons connected with them have any interest, direct or indirect, in the Disposal.

The Directors of Industronics are of the opinion that the Disposal is in the best interest of the Company after taking into consideration of the following :-

i) The Company had on 24 April 2013 acquired 54,241,900 SEHB shares via open market transaction at total consideration of RM10.489 million (“Original Cost of Investment”). Subsequently on 13 November 2013, 14 November 2013, 28 April 2014, 29 April 2014, 8 May 2014, 9 May 2014 and 16 May 2014 the Company had disposed 49,740,800 SEHB shares for a total cash consideration of RM12.58 million (“Previous Disposals”), which had fully covered the Original Cost of Investment of the Company. As such, the sale of remaining SEHB shares held by the Company will be deemed as gain / profit to the Company.

ii) In an effort to strengthen the Industronics Group financial position and with an aim of focusing on the Group’s core business, the Group had undertaken efforts to streamline the Group structure for better efficiency and relieving the Company from incurring further losses in the Group’s investment by disposing / dissolving non-performing subsidiaries and associated company. The Company noted the share price for SEHB has drop dramatically in the month of April 2014. In order to avoid further diminution in the investment, the Board has made the decision to dispose the remaining SEHB shares.

iii) The Disposal will generate additional cash flow for the working capital requirements of the Group’s operations and to enhance financial position of the Company.
 

This announcement is dated 20 April 2015.






WCT - Changes in Sub. S-hldr's Int. (29B) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name WCT HOLDINGS BERHAD
Stock Name WCT
Date Announced 20 Apr 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-20042015-00173

Particulars of substantial Securities Holder

Name KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Address ARAS 4,5 & 6
MENARA YAYASAN TUN RAZAK
200 JALAN BUKIT BINTANG
KUALA LUMPUR
55100 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. KWAPACT6622007
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM0.50 each
Name & address of registered holder KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (69,542,275 SHARES) FUND MANAGERS (10,992,945 SHARES)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 13 Apr 2015
38,000

Circumstances by reason of which change has occurred ACQUISITION OF SHARES
Nature of interest DIRECT
Direct (units) 80,535,220
Direct (%) 7.49
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 80,535,220
Date of notice 20 Apr 2015


Remarks :
FORM 29B DATED 20 APRIL 2015 RECEIVED ON 20 APRIL 2015


YOKO - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) YOKOHAMA INDUSTRIES BERHAD UNCONDITIONAL TAKE-OVER OFFER BY FORDINGTON PTE LTD

Announcement Type: General Announcement for PLC
Company Name YOKOHAMA INDUSTRIES BERHAD
Stock Name YOKO
Date Announced 20 Apr 2015
Category General Announcement for PLC
Reference Number GA1-20042015-00026

Type Announcement
Subject TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description
YOKOHAMA INDUSTRIES BERHAD 
UNCONDITIONAL TAKE-OVER OFFER BY FORDINGTON PTE LTD

Pursuant to Section 33(1) of the Malaysian Code on Take-Overs and Mergers, 2010, Yokohama Industries Berhad (“Yokohama” or “the Company”) wishes to announce that Fordington Pte Ltd being the Offeror for the unconditional take-over offer, has dealt in the Yokohama's ordinary shares of RM0.50 each for its own account on 17 April 2015. Please refer to the press release for further details.

This announcement is dated 20 April 2015.




Please refer attachment below.



YOKO - Changes in Sub. S-hldr's Int. (29B) - AMADO R. SANTIAGO III

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name YOKOHAMA INDUSTRIES BERHAD
Stock Name YOKO
Date Announced 20 Apr 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-20042015-00155

Particulars of substantial Securities Holder

Name AMADO R. SANTIAGO III
Address Ground Floor, Ortigas Building, Ortigas Avenue, Pasig City, Metro Manila, 1605 Philippines
NRIC/Passport No/Company No. EB7130011
Nationality/Country of incorporation Philippines
Descriptions (Class & nominal value) Ordinary Shares of RM0.50 each
Name & address of registered holder Fordington Pte Ltd 80 Raffles Place #16-20 UOB Plaza Singapore

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 13 Apr 2015
381,000
Acquired 13 Apr 2015
39,200
Acquired 14 Apr 2015
7,600
Acquired 15 Apr 2015
76,100
Acquired 17 Apr 2015
26,900

Circumstances by reason of which change has occurred Valid acceptances of the unconditional take-over offer made by Fordington Pte Ltd and acquisition from the open market. Deemed interested by virtue of direct interest in Fordington Pte Ltd pursuant to Section 6A of the Companies Act, 1965.
Nature of interest Deemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units) 81,747,916
Indirect/deemed interest (%) 95.845
Total no of securities after change 81,747,916
Date of notice 20 Apr 2015


Remarks :
The 381,000 shares were acquired from 13 April 2015 to 17 April 2015.

The Secretary of the Company received the Form 29B dated 20 April 2015 today.


YOKO - Changes in Sub. S-hldr's Int. (29B) - MAURO CARO AGUSTINES

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name YOKOHAMA INDUSTRIES BERHAD
Stock Name YOKO
Date Announced 20 Apr 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-20042015-00151

Particulars of substantial Securities Holder

Name MAURO CARO AGUSTINES
Address 80-82 Roces Avenue, Diliman, Quezon City, Metro Manila, 1101 Philippines
NRIC/Passport No/Company No. EB7435934
Nationality/Country of incorporation Philippines
Descriptions (Class & nominal value) Ordinary Shares of RM0.50 each
Name & address of registered holder Fordington Pte Ltd 80 Raffles Place #16-20 UOB Plaza Singapore

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 13 Apr 2015
381,000
Acquired 13 Apr 2015
39,200
Acquired 14 Apr 2015
7,600
Acquired 15 Apr 2015
76,100
Acquired 17 Apr 2015
26,900

Circumstances by reason of which change has occurred Valid acceptances of the unconditional take-over offer made by Fordington Pte Ltd and acquisition from the open market. Deemed interested by virtue of direct interest in Fordington Pte Ltd pursuant to Section 6A of the Companies Act, 1965.
Nature of interest Deemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units) 81,747,916
Indirect/deemed interest (%) 95.845
Total no of securities after change 81,747,916
Date of notice 20 Apr 2015


Remarks :
The 381,000 shares were acquired from 13 April 2015 to 17 April 2015.

The Secretary of the Company received the Form 29B dated 20 April 2015 today.


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