March 15, 2013

Company announcements: KFM, CEPCO, MAHSING, BREM, EG, TSH

KFM - Changes in Director's Interest (S135) - DENNIS TOW JUN FYE

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced15 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-130315-62635

Information Compiled By KLSE

Particulars of Director

NameDENNIS TOW JUN FYE
AddressNO.3, JALAN BUMIPUTERA, STULANG LAUT,
80300 JOHOR BAHRU, JOHOR
Descriptions(Class & nominal value)ORDINARY SHARES OF RM0.50 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
15/03/2013
50,000
0.345 

Circumstances by reason of which change has occurredACQUIRED FROM OPEN MARKET
Nature of interestDIRECT
Consideration (if any) 

Total no of securities after change

Direct (units)4,769,300 
Direct (%)7.321 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice15/03/2013

Remarks :
1.This announcement served as an announcement pursuant to Paragraph 14.09 of the Main Listing Requirements.
2. The Notice received on 15 March 2013.
3. The 4,769,300 ordinary shares represent 7.321% of the total issued ordinary shares of the Company.


KFM - Changes in Director's Interest (S135) - DENNIS TOW JUN FYE

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced15 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-130315-59641

Information Compiled By KLSE

Particulars of Director

NameDENNIS TOW JUN FYE
AddressNO.3, JALAN BUMIPUTERA, STULANG LAUT,
80300, JOHOR BAHRU, JOHOR
Descriptions(Class & nominal value)ORDINARY SHARES OF RM0.50 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
14/03/2013
50,000
0.350 

Circumstances by reason of which change has occurredACQUIRED FROM OPEN MARKET
Nature of interestDIRECT
Consideration (if any) 

Total no of securities after change

Direct (units)4,719,300 
Direct (%)7.244 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice15/03/2013

Remarks :
1. This announcement served as an announcement pursuant to Paragraph 14.09 of the Main Listing Requirements.
2. The Notice received on 15 March 2013.
3. The 4,719,300 ordinary shares represent 7.244% of the total issued ordinary shares of the Company.


KFM - Changes in Sub. S-hldr's Int. (29B) - DENNIS TOW JUN FYE

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced15 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-130315-59984

Particulars of substantial Securities Holder

NameDENNIS TOW JUN FYE
AddressNO.3, JALAN BUMIPUTERA, STULANG LAUT,
80300 JOHOR BAHRU, JOHOR
NRIC/Passport No/Company No.850819-01-5499
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderDENNIS TOW JUN FYE
NO.3, JALAN BUMIPUTERA, STULANG LAUT,
80300 JOHOR BAHRU, JOHOR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired14/03/2013
50,000
0.350 

Circumstances by reason of which change has occurredACQUIRED FROM OPEN MARKET
Nature of interestDIRECT
Direct (units)4,719,300 
Direct (%)7.244 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change4,719,300
Date of notice15/03/2013

Remarks :
1. This Form 29B received on 15 March 2013


KFM - Changes in Sub. S-hldr's Int. (29B) - DENNIS TOW JUN FYE

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced15 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-130315-62989

Particulars of substantial Securities Holder

NameDENNIS TOW JUN FYE
AddressNO.3, JALAN BUMIPUTERA, STULANG LAUT,
80300 JOHOR BAHRU, JOHOR
NRIC/Passport No/Company No.850819-01-5499
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH
Name & address of registered holderDENNIS TOW JUN FYE
NO.3, JALAN BUMIPUTERA, STULANG LAUT,
80300 JOHOR BAHRU, JOHOR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired15/03/2013
50,000
0.345 

Circumstances by reason of which change has occurredACQUIRED FROM OPEN MARKET
Nature of interestDIRECT
Direct (units)4,769,300 
Direct (%)7.321 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change4,769,300
Date of notice15/03/2013

Remarks :
1. This Form 29B received on 15 March 2013


CEPCO - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameCONCRETE ENGINEERING PRODUCTS BERHAD  
Stock Name CEPCO  
Date Announced15 Mar 2013  
CategoryGeneral Announcement
Reference NoCE-130315-51379

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionCONCRETE ENGINEERING PRODUCTS BERHAD (88143-P) (“CEPCO” OR “THE COMPANY”)
-STATUS OF MEMORANDUM OF AGREEMENT (“MOA”) BETWEEN CEPCO AND SUNWAY SPUN PILE (ZHUHAI) CO. LTD (“SSPZ”) DATED 21 JUNE 2012

1. Introduction

CEPCO had on 21 June 2012 entered into a Memorandum of Agreement (“MOA”) with SSPZ to discuss a potential collaboration for the production, marketing and sale of the parties’ respective products by leveraging on each other’s experience, expertise and production know-how.

2. Status

Further to the announcement made on 19 December 2012 with regard to the MOA, there is no major new development to the said MOA as at this date.

This announcement is dated 15 March 2013.



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

Announcement Type: General Announcement
Company NameMAH SING GROUP BERHAD  
Stock Name MAHSING  
Date Announced15 Mar 2013  
CategoryGeneral Announcement
Reference NoMS-130315-F3311

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Principal Officers have given their notices of dealings in the securities of Mah Sing Group Berhad as detailed hereunder:

Name of Principal Officers

Description of Securities

Date of Transaction

Type of Transaction

Price per Share

No. of Share

% of Issued Share Capital

Chua Seng Hooi

Ordinary shares of RM0.50 each

13.03.2013

Disposal

RM2.39

100,000

0.012

Hong Hock Seng

Ordinary shares of RM0.50 each

14.03.2013

Disposal

RM2.39

70,100

0.008

This announcement is dated 15 March 2013.



BREM - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameBREM HOLDING BERHAD  
Stock Name BREM  
Date Announced15 Mar 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCS-130315-2B8C7

Date of buy back15/03/2013
Description of shares purchasedOrdinary Shares @ RM1/- Each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)6,000
Minimum price paid for each share purchased ($$)1.130
Maximum price paid for each share purchased ($$)1.150
Total consideration paid ($$)6,830.57
Number of shares purchased retained in treasury (units)6,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)3,583,031
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 (%)2.07


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 Announced15 Mar 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoEI-130315-54406

Date of buy back from05/03/2013
Date of buy back to05/03/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)10,000
Minimum price paid for each share purchased ($$)0.210
Maximum price paid for each share purchased ($$)0.210
Total amount paid for shares purchased ($$)2,143.63
The name of the stock exchange through which the shares were purchased BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units)10,000
Total number of shares retained in treasury (units)96,000
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies14/03/2013
Lodged by SYMPHONY CORPORATEHOUSE SDN BHD


TSH - Changes in Director's Interest (S135) - Datuk (Dr.) Kelvin Tan Aik Pen

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameTSH RESOURCES BERHAD  
Stock Name TSH  
Date Announced15 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoTR-130314-64294

Information Compiled By KLSE

Particulars of Director

NameDatuk (Dr.) Kelvin Tan Aik Pen
AddressMenara TSH
No. 8 Jalan Semantan
Damansara Heights
50490 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
14/03/2013
50,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)102,712,826 
Direct (%)12.31 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice15/03/2013


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

Announcement Type: General Announcement
Company NameTSH RESOURCES BERHAD  
Stock Name TSH  
Date Announced15 Mar 2013  
CategoryGeneral Announcement
Reference NoTR-130314-64058

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the following Director has transacted dealing in the securities of the Company as set out in Table 1 hereunder.

Date of AcquisitionName of DirectorAverage Purchase Price Per Share (RM)Number of Shares% of Issued Shares
14.03.2013Datuk (Dr.) Kelvin Tan Aik Pen2.1848250,0000.00600


Company announcements: ATURMJU, KBB, HAIO, TIMWELL, DAIBOCI, BHIC, KFM

ATURMJU - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameATURMAJU RESOURCES BERHAD  
Stock Name ATURMJU  
Date Announced15 Mar 2013  
CategoryChange in Audit Committee
Reference NoCC-130315-43705

Date of change15/03/2013
NameNG KOK WAH
Age34
NationalityMalaysian
Type of changeAppointment
DesignationChairman of Audit Committee
DirectorateIndependent & Non Executive
Qualificationsi) Fellow member of the Association of Chartered Certified Accountants (ACCA); and
ii)Member of Malaysian Institute of Accountants (MIA) 
Working experience and occupation He started his career with a small accounting firm since year 1998 followed by an international medium accounting firm which he handled various audit and non-audit assignments of both listed and non-listed companies involved in a wide range of business activities include financial institutions like bank and insurance company. 
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)Mr Ng Kok Wah (Chairman)
- Independent Non-Executive Director

En Abdul Rahman Bin Ahmad Mahidin (Member)
- Chairman, Independent Non-Executive Director

Datuk Baharon bin Talib (Member)
- Independent Non-Executive Director


ATURMJU - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameATURMAJU RESOURCES BERHAD  
Stock Name ATURMJU  
Date Announced15 Mar 2013  
CategoryChange in Boardroom
Reference NoCC-130315-65608

Date of change15/03/2013
NameNG KOK WAH
Age34
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Qualificationsi) Fellow member of the Association of Chartered Certified Accountants (ACCA); and
ii)Member of Malaysian Institute of Accountants (MIA)  
Working experience and occupation He started his career with a small accounting firm since year 1998 followed by an international medium accounting firm which he handled various audit and non-audit assignments of both listed and non-listed companies involved in a wide range of business activities include financial institutions like bank and insurance company.  
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 


ATURMJU - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameATURMAJU RESOURCES BERHAD  
Stock Name ATURMJU  
Date Announced15 Mar 2013  
CategoryChange in Boardroom
Reference NoCC-130315-65977

Date of change15/03/2013
NameWong Yew Sen
Age66
NationalityMalaysian
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Type of changeResignation
ReasonDue to personal commitment
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
QualificationsMr. Wong is a Senior Associate Member of Institut Bank-Bank Malaysia since 1978. He graduated with Bachelor of Economics from University Malaya in 1971 and obtained a Diploma in Banking from Institute Bankers, London in 1973.  
Working experience and occupation Mr. Wong was involved in the supervision of banking institutions for about 27 years since he joined Bank Negara Malaysia ("BNM") in August 1971. He held various positions in BNM including Deputy Director of Supervision Department; Head of Internal Audit Department; Director of Banking Supervision 2 Department and Director of Insurance Supervision Department.

From November 2003 to April 2006, he was appointed Adviser (Supervision) of Department of Co-Operative Development Malaysia, responsible for building up the supervisory functions of the department on Co-operatives. He was a Governor of Institute of Internal Auditors Malaysia between April 1993 to April 2006.  
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 


KBB - OTHERS KBB Resources Berhad ("KBB" or "the Company") - Completion of Investigative Audit Report by CHI-LLTC

Announcement Type: General Announcement
Company NameKBB RESOURCES BERHAD  
Stock Name KBB  
Date Announced15 Mar 2013  
CategoryGeneral Announcement
Reference NoCC-130315-65233

TypeAnnouncement
SubjectOTHERS
DescriptionKBB Resources Berhad ("KBB" or "the Company")
- Completion of Investigative Audit Report by CHI-LLTC

Reference is made to the Company's announcement dated 30 August 2012, 4 September 2012, 30 November 2012 and 3 December 2012 respectively, particularly announcement dated 4 September 2012 which stated that after the release of KBB’s quarterly announcement for period ended 31 March 2012 on 31 May 2012, Bursa Malaysia Securities Bhd (“Bursa Malaysia”) has expressed their concerns in relation to the high trade receivable and inventory turnover periods. Bursa Malaysia’s concern was escalated to KBB’s Board of Directors which had decided to appoint Messrs CHI–LLTC on 9 July 2012 to conduct a limited review to investigate the matter. After Messrs CHI-LLTC has clarified the possible reasons leading the proposed write-off amounts for both trade receivables and inventories in their report, the Board had further decided to appoint Messrs CHI-LLTC to conduct an investigation audit on 30 August 2012.

The Board of Directors of KBB wishes to announce that the Report of the Investigative Audit on Trade Receivables, Inventories & Property, Plant & Equipment of the Company and its Subsidiary Companies has been completed and presented to the Board.

The key findings of the Report are as follows: -

i) Trade Receivables

The bad debts written off during the financial period 30 June 2012 amounted to RM32,219,449.00 were due to long outstanding trade debtors for more than 11 months. From the third parties’ circularization, it noted that majority of the trade debtors do not agree with that amount of outstanding figures and some of them replied that they do not have any outstanding amount with Kilang Bihun Bersatu Sdn Bhd (“KBBSB”). Based on the analysis, it believe that all these long outstanding debtors are fictitious amount and caused by the fictitious sale invoices generated for drawing sale Banker Acceptances (“BAs”) from the banks.

KBBSB’s “Previous Management” does not have appropriate collection system for its trade debtors, especially for those long outstanding debtors, and two types of billing system were implemented on KBBSB trade debtors. Most of the long outstanding balances derived from one of the billing system, which create doubt on the existence of the debtors and indirectly raise the issue of possible injection of revenue.

KBBSB’s “Previous Management” does not have appropriate cash control system for monitoring its cash position. All money collected and payment made are recorded in CASH terms, which create the suspicious of the actual money collected from its debtors and proper payment to its suppliers. There are many irregularities on the cash control system and may create the issue of transferring cash out from the Company.

ii) Inventories

Based on the Inventory Turnover Analysis, it noted that the Group has a very significant inventory turnover period from Financial Year 2008 (“FY 2008”) to Financial Year 2010 (“FY2010”). According to the new management, the Group does not have that available warehouse and/or store to keep all these inventories for FY 2008 to FY 2010. As such this raises the question as to the existence of the inventories during the period from FY 2008 to FY 2010.

The Group had recorded total inventories of approximately RM49Million, RM56 Million and RM31Million as at FY ended 2008 to 2010 respectively. From the analysis work done, it found that keeping of such a huge volume of inventories of sago sticks, sago starch, “beehoon”, “beehoon laksa” or rice vermicelli would require huge storing space equivalent to KBB existing warehouse capacity. Moreover keeping of these huge volumes of inventories will trigger to slow inventories turnover and vulnerable to the KBB’s financial liquidity. This has created a suspicious creation of fictitious inventory records.

iii) Property, Plant & Equipment

Based on the physical assets sighting conducted at both the KBBSB and Rasayang Food Industries Sdn Bhd (“RFI’s”) premises, it noted that the Investigative Auditors are unable to identify or to match the items from the fixed assets listing to the physical assets, mainly for the plant and machinery. This is largely due to most of the plant and machineries are assembled from small parts and components. The Investigative Auditors have interviewed KBBSB’s factory manager and were informed that the manager is unable to match the parts and/or components recorded in the fixed assets listing to the respective plant and machinery.

During the year 2009, it noted that KBBSB has purchased plant and machinery from a supplier from Singapore, and it also noted that KBBSB has settled the invoices by cheques. The Investigative Auditors are unable to verify whether those cheques issued were paid for the plant and machinery purchased as the cash control account and bank account reported “CASH” payment.

During the year 2010, KBBSB purchased 2 units of plant and machinery from a sole proprietor, amounting to RM250,000 in total. From the company search, the sole proprietor ceased operations with effect from 30 March 1999.

Financial Impact

The results and/or findings of the Investigative Audit Report will not have any impact on the financial performance and position of the Group as the new management had took reasonable steps to ensure all ‘non-existence’ and obsolete inventories, and all known bad debts had been written-off during Financial Period EndedPE 30 June 2012. The value of property, plant & equipment had been properly depreciated and impaired to an amount which they might be expected so to realise.

Operational Impact

The results and/or findings of the Investigative Audit Report will not have any impact on the operation of the Group as the new management had took reasonable steps to ensure the Group has good financial reporting system and sound internal control in place.

Documents and records for the review period from 1 January 2008 to 31 December 2010 are highly incomplete. The management has lodged various police reports to recover these documents and records, and at the completion of the investigative audit, majority of those documents and records were yet recovered.

The Board of Directors will seek the advice of the Company’s legal advisors on the next course of action to be taken including lodging of another Police Report.

This announcement is made on 15 March 2013.



HAIO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameHAI-O ENTERPRISE BERHAD  
Stock Name HAIO  
Date Announced15 Mar 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCP-130315-31AC5

Date of buy back15/03/2013
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)4,000
Minimum price paid for each share purchased ($$)2.350
Maximum price paid for each share purchased ($$)2.350
Total consideration paid ($$)9,452.00
Number of shares purchased retained in treasury (units)4,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)5,061,788
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 (%)2.5


TIMWELL - BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS TIMBERWELL BERHAD FOR BREACH OF MAIN MARKET LISTING REQUIREMENTS

Announcement Type: Listing Circular
Company NameTIMBERWELL BERHAD  
Stock Name TIMWELL  
Date Announced15 Mar 2013  
CategoryListing Circular
Reference NoUM-130315-62088

LISTING'S CIRCULAR NO. L/Q : 67348 OF 2013

Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded Timberwell Berhad (TIMWELL) for failing to ensure that TIMWELL’s announcement dated 28 February 2012 on the fourth quarterly report for the financial year ended 31 December 2011 (Q4 2011) took into account the adjustments as stated in TIMWELL’s announcement dated 30 April 2012.

The failure to take into account the adjustments was in contravention of paragraph 9.16(1)(a) of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR) where a listed issuer must ensure that each announcement made is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.

      The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.

TIMWELL is also required to carry out a limited review of its quarterly report submissions. The limited review must be performed by external auditors for four quarterly reports commencing from the quarterly report for the financial period ended 31 March 2013. In addition, TIMWELL must ensure all its directors and relevant personnel attend a training programme on compliance with the Main LR pertaining to financial statements. TIMWELL is also required to review and ensure the adequacy and effectiveness of its financial reporting function.

While Bursa Malaysia Securities has not found any of TIMWELL’s directors to have caused or permitted the breach by TIMWELL, Bursa Malaysia Securities wishes to highlight that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the Main LR. The Board of Directors at the material time were as follows:
      1. YBhg Dato’ Seri Abdul Azim Bin Mohd Zabidi
      2. YB Datuk Mohamad Bin Haji Aziz
      3. Datuk Alladin Bin Mohd Hashim
      4. Datuk Yap Pak Leong
      5. Lam Soei Tin @ Agnes Lam
      6. Sui Diong Hoe

Bursa Malaysia Securities views the contravention seriously and has reminded TIMWELL and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.

BACKGROUND

TIMWELL reported an unaudited loss after taxation and minority interest of RM362,000 in TIMWELL’s Q4 2011, compared to an audited loss after taxation and minority interest of RM2,259,000 in TIMWELL’s annual audited accounts for the financial year ended 31 December 2011 (AAA 2011) which was announced on 30 April 2012. The variance of RM1,897,000 between the unaudited and audited results represented a deviation of 524%.
      The deviation was mainly due to provision of depreciation charges arising from the reversal of TIMWELL’s subsidiary’s assets from non-current asset held for sale to property plant and equipment in the AAA 2011. TIMWELL had failed to discharge its obligation to ensure that the Q4 2011 complied with paragraph 9.16(1)(a) of the Main LR particularly in the light of the communication by the external auditors to TIMWELL (i.e. prior to the issuance of the Q4 2011) that the assets which had been classified to non-current asset held for sale did not fulfil the accounting standard and recommended that the non-current asset held for sale to be reclassified back to property, plant and equipment and to account for the depreciation charges in the financial statements for the year ended 2011.

DAIBOCI - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameDAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.  
Stock Name DAIBOCI  
Date Announced15 Mar 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoDP-130315-668F7

Date of buy back15/03/2013
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)14,000
Minimum price paid for each share purchased ($$)2.800
Maximum price paid for each share purchased ($$)2.800
Total consideration paid ($$)39,486.96
Number of shares purchased retained in treasury (units)14,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)252,500
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 (%)0.22


BHIC - OTHERS BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC OR "THE COMPANY") -RECEIPT OF LETTER OF AWARD FROM BOUSTEAD NAVAL SHIPYARD SDN BHD

Announcement Type: General Announcement
Company NameBOUSTEAD HEAVY INDUSTRIES CORPORATION BHD  
Stock Name BHIC  
Date Announced15 Mar 2013  
CategoryGeneral Announcement
Reference NoBH-130315-44017

TypeAnnouncement
SubjectOTHERS
DescriptionBOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC OR "THE COMPANY")
-RECEIPT OF LETTER OF AWARD FROM BOUSTEAD NAVAL SHIPYARD SDN BHD

Further to our announcement dated 14 March 2013, the Company wishes to rectify that the Commencement Date of the Awarded Works is 14 March 2013 instead of 2 October 2012.

This announcement is dated 15 March 2013.



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

Announcement Type: General Announcement
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced15 Mar 2013  
CategoryGeneral Announcement
Reference NoCM-130315-62231

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionKuantan Flour Mills Berhad ( “ KFM” or “ the Company”)

Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that a Director, Mr. Dennis Tow Jun Fye has transacted dealing in the securities of the Company.

The details as set out in the table below:

Date of Acquisition

Average Price Transacted per share ( RM)

No. of Shares Acquired

% of Issued and Paid Up share acquired

No. of Shares held ( Direct) as at 15.3.2013

% of Issued and Paid Up Share Capital

15.3.2013

0.345

50,000

0.077

4,769,300

7.321

This announcement is dated 15 March 2013.



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

Announcement Type: General Announcement
Company NameKUANTAN FLOUR MILLS BHD  
Stock Name KFM  
Date Announced15 Mar 2013  
CategoryGeneral Announcement
Reference NoCM-130315-59438

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionKuantan Flour Mills Berhad ( “ KFM” or “ the Company”)

Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that a Director, Mr. Dennis Tow Jun Fye has transacted dealing in the securities of the Company.

The details as set out in the table below:

Date of Acquisition

Average Price Transacted per share ( RM)

No. of Shares Acquired

% of Issued and Paid Up share acquired

No. of Shares held ( Direct) as at 14.3.2013

% of Issued and Paid Up Share Capital

14.3.2013

0.35

50,000

0.077

4,719,300

7.244

This announcement is dated 15 March 2013.