May 18, 2015

Company announcements: SCN, FSBM, LAYHONG, WCT, SEG

SCN - SCAN ASSOCIATES BERHAD - NEW ADMISSION INTO GN3

Announcement Type: Listing Circular
Company Name SCAN ASSOCIATES BERHAD
Stock Name SCN
Date Announced 18 May 2015
Category Listing Circular
Reference Number ILC-18052015-00014

Reference is made to the announcement dated 11 May 2015 by Scan Associates Berhad ("SCN" or the "Company) in respect of its legal action against Bursa Malaysia Securities Berhad ("Bursa Securities") and the ad-interim injunction granted by the High Court to restrain Bursa Securities from classifying SCN as a Guidance Note 3 ("GN3") Company pursuant to GN3 of the ACE Market Listing Requirements of Bursa Securities ("ACE LR") pending the court's decision on 18 May 2015.

The High Court today has dismissed the Company's application for further injunction.

As such, Bursa Securities today classifies SCN as a GN3 Company with effect from 18 May 2015 in accordance with the ACE LR.

In this regard, SCN had triggered the following criteria pursuant to GN3 of the ACE LR:

  • Rule 2.1 (b) - where the listed corporation has incurred loss in any 1 full financial year commencing on or after its listing, which equal to or exceed the amount of its shareholders' equity at the end of the said financial year and the shareholders' equity is equal to or less than 50% of the issued and paid-up capital of the listed corporation at the end of the said financial year
  • Rule 2.1 (c) - where the listed corporation has incurred aggregated losses in any 2 consecutive full financial years commencing on or after its listing ("said financial period") (i) which exceed the amount of its shareholders' equity at the end of the said financial period; (ii) the loss incurred in the second full financial year of the said financial period is 50% or more of the loss incurred in the first full financial year of the said financial period; and (iii) the shareholders' equity is equal to or less than 50% of the issued and paid-up capital of the listed corporation at the end of the said financial period

SCN had failed to make the First Announcement in accordance with Rule 4.1 (a) of GN3 of the ACE LR and comply with Bursa Securities directive vide its letters dated 8 May 2015 and 18 May 2015 to make the First Announcement immediately in accordance with Rule 4.1 (a) of GN3 of the ACE LR for triggering Rules 2.1 (b) and (c) of GN3 of the ACE LR.

Hence, in the exercise of the powers under Rule 1.03 of the ACE LR, SCN is hereby classified as a GN3 Company pursuant to GN3 of the ACE LR with effect from 18 May 2015 and the Company is required to ensure strict adherence with its obligations under GN3 of the ACE LR.

Bursa Securities would like to emphasise that Bursa Securities will continue to monitor the progress of SCN in respect of its compliance with the ACE LR.

 


SCN - FINANCIAL CONDITION

Announcement Type: Investor Alert Announcement
Company Name SCAN ASSOCIATES BERHAD
Stock Name SCN
Date Announced 18 May 2015
Category Investor Alert Announcement
Reference Number IIA-18052015-00001

Reference is made to the announcement dated 11 May 2015 by Scan Associates Berhad ("SCN" or the "Company) in respect of its legal action against Bursa Malaysia Securities Berhad ("Bursa Securities") and the ad-interim injunction granted by the High Court to restrain Bursa Securities from classifying SCN as a Guidance Note 3 ("GN3") Company pursuant to GN3 of the ACE Market Listing Requirements of Bursa Securities ("ACE LR") pending the court's decision on 18 May 2015.

The High Court today has dismissed the Company's application for further injunction.

As such, Bursa Securities today classifies SCN as a GN3 Company with effect from 18 May 2015 in accordance with the ACE LR.

In this regard, SCN had triggered the following criteria pursuant to GN3 of the ACE LR:

  • Rule 2.1 (b) - where the listed corporation has incurred loss in any 1 full financial year commencing on or after its listing, which equal to or exceed the amount of its shareholders' equity at the end of the said financial year and the shareholders' equity is equal to or less than 50% of the issued and paid-up capital of the listed corporation at the end of the said financial year
  • Rule 2.1 (c) - where the listed corporation has incurred aggregated losses in any 2 consecutive full financial years commencing on or after its listing ("said financial period") (i) which exceed the amount of its shareholders' equity at the end of the said financial period; (ii) the loss incurred in the second full financial year of the said financial period is 50% or more of the loss incurred in the first full financial year of the said financial period; and (iii) the shareholders' equity is equal to or less than 50% of the issued and paid-up capital of the listed corporation at the end of the said financial period

SCN had failed to make the First Announcement in accordance with Rule 4.1 (a) of GN3 of the ACE LR and comply with Bursa Securities directive vide its letters dated 8 May 2015 and 18 May 2015 to make the First Announcement immediately in accordance with Rule 4.1 (a) of GN3 of the ACE LR for triggering Rules 2.1 (b) and (c) of GN3 of the ACE LR.

Hence, in the exercise of the powers under Rule 1.03 of the ACE LR, SCN is hereby classified as a GN3 Company pursuant to GN3 of the ACE LR with effect from 18 May 2015 and the Company is required to ensure strict adherence with its obligations under GN3 of the ACE LR.

Bursa Securities would like to emphasise that Bursa Securities will continue to monitor the progress of SCN in respect of its compliance with the ACE LR.


FSBM - Changes in Sub. S-hldr's Int. (29B) - GENERAL TECHNOLOGY SDN BHD

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name FSBM HOLDINGS BERHAD
Stock Name FSBM
Date Announced 18 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-18052015-00055

Particulars of substantial Securities Holder

Name GENERAL TECHNOLOGY SDN BHD
Address E10-25, Menara Melawangi
Pusat Perdagangan Amcorp
No. 18, Jalan Persiaran Barat
46050 Selangor
Malaysia.
NRIC/Passport No/Company No. 80076-H
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM0.30 each
Name & address of registered holder Share registered under CIMSEC Nominees (Tempatan) Sdn Bhd-CIMB 9th Floor, Commerce Square Jalan Semantan Damansara Heights 50490 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Disposed 12 May 2015
255,000

Circumstances by reason of which change has occurred Disposal of Shares
Nature of interest Direct
Direct (units) 13,762,800
Direct (%) 10.78
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 13,762,800
Date of notice 12 May 2015


Remarks :
Form 29B was received on 18 May 2015.

LAYHONG - General Meetings: Outcome of Meeting

Announcement Type: General Meeting
Company Name LAY HONG BERHAD
Stock Name LAYHONG
Date Announced 18 May 2015
Category General Meeting
Reference Number GMA-13052015-00013

Type of Meeting Extraordinary General Meeting
Indicator Outcome of Meeting
Date of Meeting 18 May 2015
Time 11:00 AM
Venue 
Ballroom I, Ground Floor
Premiere Hotel
Bandar Bukit Tinggi
1/KS6, Jalan Langat
41200 Klang
Selangor
Outcome of Meeting

We refer to the announcement dated 22 April 2015 in relation to the Notice of Extraordinary General Meeting ("EGM") dated 23 April 2015.

The Board of Directors of Lay Hong Berhad ("LHB" or "the Company") wishes to announce that the Ordinary Resolution No. 1,2,3, 7,9,10 and 11

were carried and Ordinary Resolution No. 4,5,6,and 8 were not carried which tabled at the EGM held today.

The resolutions as set out in the Notice were conducted by way of poll:-

  IN FAVOUR   AGAINST  
  No. of Shares % No. of Shares %
Ordinary Resolution 1 - Proposed Private Placement 45,904,690 99.97 12,618 0.03
Ordinary Resolution 2 - Proposed SIS 26,089,389 56.82 19,827,919 43.18
Ordinary Resolution 3 - Proposed Granting of SIS Options to Dato' Dr. Abdul Aziz bin Mangkat 26,089,290 56.82 19,828,018 43.18
Ordinary Resolution 4 - Proposed Granting of SIS Options to Yap Hoong Chai* 2,477,180 11.11 19,827,919 88.89
Ordinary Resolution 5 - Proposed Granting of SIS Options to Yeap Weng Hong* 6,105,190 23.54 19,827,918 76.46
Ordinary Resolution 6 - Proposed Granting of SIS Options to Yap Chor How* 2,884,380 12.70 19,827,919 87.30
Ordinary Resolution 7 - Proposed Granting of SIS Options to Ng Kim Tian* 25,967,390 56.70 19,827,918 43.30
Ordinary Resolution 8 - Proposed Granting of SIS Options to Yeap Fock Hoong* 6,182,089 23.77 19,828,019 76.23
Ordinary Resolution 9 - Proposed Granting of SIS Options to Cheng Chin Hong 26,079,290 56.81 19,828,018 43.19
Ordinary Resolution 10 - Proposed Granting of SIS Options to Gan Lian Peng 26,089,289 56.82 19,828,019 43.18
Ordinary Resolution 11 - Proposed Granting of SIS Options to Tan Ooi Jin 26,089,290 56.82 19,828,018 43.18

Notes:

*The Directors and/or major shareholders and/or persons connected with them have abstained from voting in respect of their direct and/or indirect shareholding in the Company on

the resolutions pertaining to their respective proposed allocations of SIS Options as set out in the Ordinary Resolution No. 4, 5, 6, 7 and 8 , tabled at the EGM held today.

This announcement is dated 18 May 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 18 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-18052015-00074

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 (6,853,445 Shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Disposed 11 May 2015
200,000

Circumstances by reason of which change has occurred Disposal of Shares
Nature of interest Direct
Direct (units) 76,395,720
Direct (%) 7.11
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 76,395,720
Date of notice 18 May 2015


Remarks :
Form 29B dated 18 May 2015 was received on 18 May 2015.

SEG - General Meetings: Notice of Meeting

Announcement Type: General Meeting
Company Name SEG INTERNATIONAL BHD
Stock Name SEG
Date Announced 18 May 2015
Category General Meeting
Reference Number GMA-18052015-00020

Type of Meeting Annual General Meeting
Indicator Notice of Meeting
Description 
29TH ANNUAL GENERAL MEETING
Date of Meeting 10 Jun 2015
Time 10:30 AM
Venue 
Level 2, Right Wing, SEGi University, 
9, Jln Teknologi, Tmn Sains Selangor, 
KD, PJU 5, 47810 PJ
Date of General Meeting Record of Depositors 31 May 2015


Please refer attachment below.

Attachments

29th AGM Notice - 190515.pdf
26.9 kB


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