MLGLOBAL - Changes in Sub. S-hldr's Int. (29B) - DATUK WIRA LIM HOCK GUAN JP
| Company Name | ML GLOBAL BERHAD |
| Stock Name | MLGLOBAL |
| Date Announced | 26 Dec 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-141224-8438B |
Particulars of substantial Securities Holder
| Name | DATUK WIRA LIM HOCK GUAN JP |
| Address | 83, Jalan SS7/2, Kelana Jaya 47301 Petaling Jaya, Selangor Darul Ehsan |
| NRIC/Passport No/Company No. | 611230-10-6533 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | 1. M & A Nominee (Tempatan) Sdn Bhd Bahari & Bahari for LBS Bina Group Berhad No 45-1 & 47-1, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur 2. LBS Bina Group Berhad Plaza Seri Setia, Level 1-4, No. 1, Jalan SS9/2, 47300 Petaling Jaya, Selangor Darul Ehsan |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 23/12/2014 | 68,000 | 0.340 |
| Acquired | 24/12/2014 | 240,000 | 0.370 |
MLGLOBAL - Changes in Director's Interest (S135) - DATUK WIRA LIM HOCK GUAN JP
| Company Name | ML GLOBAL BERHAD |
| Stock Name | MLGLOBAL |
| Date Announced | 26 Dec 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-141224-84378 |
Information Compiled By KLSE
Particulars of Director
| Name | DATUK WIRA LIM HOCK GUAN JP |
| Address | 83, Jalan SS7/2, Kelana Jaya 47301 Petaling Jaya, Selangor Darul Ehsan |
| 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 | 68,000 | 0.340 | |
Acquired | 240,000 | 0.370 |
| Circumstances by reason of which change has occurred | Acquired of shares via open market transactions |
| Nature of interest | Indirect |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 0 |
| Direct (%) | 0 |
| Indirect/deemed interest (units) | 18,639,023 |
| Indirect/deemed interest (%) | 20.79 |
| Date of notice | 26/12/2014 |
| Remarks : |
| 1) The total percentage of shares acquired by LBS Bina Group Berhad was 0.34% of the total issued and paid up capital of the Company. 2) This announcement serves as a notification pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. |
MLGLOBAL - Changes in Director's Interest (S135) - DATO' SRI LIM HOCK SAN
| Company Name | ML GLOBAL BERHAD |
| Stock Name | MLGLOBAL |
| Date Announced | 26 Dec 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-141224-8437E |
Information Compiled By KLSE
Particulars of Director
| Name | DATO' SRI LIM HOCK SAN |
| Address | No. 9, Legenda Putera (Jalan PJU 1A/57) Damansara Legenda, 47410 Petaling Jaya Selangor Darul Ehsan |
| 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 | 68,000 | 0.340 | |
Acquired | 240,000 | 0.370 |
| Circumstances by reason of which change has occurred | Acquired of shares via open market transactions |
| Nature of interest | Indirect |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 0 |
| Direct (%) | 0 |
| Indirect/deemed interest (units) | 18,639,023 |
| Indirect/deemed interest (%) | 20.79 |
| Date of notice | 26/12/2014 |
| Remarks : |
| 1) The total percentage of shares acquired by LBS Bina Group Berhad was 0.34% of the total issued and paid up capital of the Company. 2) This announcement serves as a notification pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. |
MLGLOBAL - Changes in Sub. S-hldr's Int. (29B) - LBS BINA GROUP BERHAD
| Company Name | ML GLOBAL BERHAD |
| Stock Name | MLGLOBAL |
| Date Announced | 26 Dec 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-141224-84380 |
Particulars of substantial Securities Holder
| Name | LBS BINA GROUP BERHAD |
| Address | Plaza Seri Setia, Level 1-4 No. 1, Jalan SS9/2 47300 Petaling Jaya Selangor Darul Ehsan |
| NRIC/Passport No/Company No. | 518482-H |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | 1. M & A Nominee (Tempatan) Sdn Bhd Bahari & Bahari for LBS Bina Group Berhad No 45-1 & 47-1, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur 2. LBS Bina Group Berhad Plaza Seri Setia, Level 1-4, No. 1, Jalan SS9/2, 47300 Petaling Jaya, Selangor Darul Ehsan |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 23/12/2014 | 68,000 | 0.340 |
| Acquired | 24/12/2014 | 240,000 | 0.370 |
MLGLOBAL - Changes in Sub. S-hldr's Int. (29B) - DATO' SRI LIM HOCK SAN
| Company Name | ML GLOBAL BERHAD |
| Stock Name | MLGLOBAL |
| Date Announced | 26 Dec 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-141224-84389 |
Particulars of substantial Securities Holder
| Name | DATO' SRI LIM HOCK SAN |
| Address | No. 9, Legenda Putera (Jalan PJU 1A/57) Damansara Legenda, 47410 Petaling Jaya Selangor Darul Ehsan |
| NRIC/Passport No/Company No. | 580104-10-5215 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | 1. M & A Nominee (Tempatan) Sdn Bhd Bahari & Bahari for LBS Bina Group Berhad No 45-1 & 47-1, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur 2. LBS Bina Group Berhad Plaza Seri Setia, Level 1-4, No. 1, Jalan SS9/2, 47300 Petaling Jaya, Selangor Darul Ehsan |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 23/12/2014 | 68,000 | 0.340 |
| Acquired | 24/12/2014 | 240,000 | 0.370 |
MLGLOBAL - Changes in Sub. S-hldr's Int. (29B) - GATERICH SDN BHD (FORMELY KNOWN AS INTELRICH SDN BHD)
| Company Name | ML GLOBAL BERHAD |
| Stock Name | MLGLOBAL |
| Date Announced | 26 Dec 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-141224-84381 |
Particulars of substantial Securities Holder
| Name | GATERICH SDN BHD (FORMELY KNOWN AS INTELRICH SDN BHD) |
| Address | Plaza Seri Setia, Level 1-4 No. 1, Jalan SS9/2 47300 Petaling Jaya Selangor Darul Ehsan |
| NRIC/Passport No/Company No. | 517406-V |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | 1. M & A Nominee (Tempatan) Sdn Bhd Bahari & Bahari for LBS Bina Group Berhad No 45-1 & 47-1, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur 2. LBS Bina Group Berhad Plaza Seri Setia, Level 1-4, No. 1, Jalan SS9/2, 47300 Petaling Jaya, Selangor Darul Ehsan |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 23/12/2014 | 68,000 | 0.340 |
| Acquired | 24/12/2014 | 240,000 | 0.370 |
MLGLOBAL - Changes in Sub. S-hldr's Int. (29B) - DATUK LIM HOCK SEONG
| Company Name | ML GLOBAL BERHAD |
| Stock Name | MLGLOBAL |
| Date Announced | 26 Dec 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-141224-84386 |
Particulars of substantial Securities Holder
| Name | DATUK LIM HOCK SEONG |
| Address | No. 5, Legenda Puteri 3 (Jalan PJU 1A/58A) Damansara Legenda, 47410 Petaling Jaya Selangor Darul Ehsan |
| NRIC/Passport No/Company No. | 650626-10-6355 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | 1. M & A Nominee (Tempatan) Sdn Bhd Bahari & Bahari for LBS Bina Group Berhad No 45-1 & 47-1, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur 2. LBS Bina Group Berhad Plaza Seri Setia, Level 1-4, No. 1, Jalan SS9/2, 47300 Petaling Jaya, Selangor Darul Ehsan |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 23/12/2014 | 68,000 | 0.340 |
| Acquired | 24/12/2014 | 240,000 | 0.370 |
LEWEKO - MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
| Company Name | LEWEKO RESOURCES BERHAD |
| Stock Name | LEWEKO |
| Date Announced | 26 Dec 2014 |
| Category | General Announcement |
| Reference No | LR-141226-45DB0 |
| Type | Announcement |
| Subject | MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER) |
| Description | TIMBER LOGS PRODUCTION FOR NOVEMBER 2014 |
The Group has no timber logs production for November 2014. This announcement is dated 26 December 2014. | |
JIANKUN - Changes in Sub. S-hldr's Int. (29B) - JIANKUN MB INTERNATIONAL HOLDINGS SDN. BHD. (f.k.a MB LONGI SDN. BHD.)
| Company Name | JIANKUN INTERNATIONAL BERHAD |
| Stock Name | JIANKUN |
| Date Announced | 26 Dec 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-141226-60073 |
Particulars of substantial Securities Holder
| Name | JIANKUN MB INTERNATIONAL HOLDINGS SDN. BHD. (f.k.a MB LONGI SDN. BHD.) |
| Address | Suite 10.03, Level 10, The Gardens South Tower Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia |
| NRIC/Passport No/Company No. | 777859-H |
| Nationality/Country of incorporation | MALAYSIA |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.25 each |
| Name & address of registered holder | JIANKUN MB INTERNATIONAL HOLDINGS SDN. BHD. (f.k.a MB LONGI SDN. BHD.) Suite 10.03, Level 10, The Gardens South Tower Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 24/12/2014 | 5,000,000 | 0.300 |
| Remarks : |
| The Notice was received by the Company on 26 December 2014. |
JIANKUN - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | JIANKUN INTERNATIONAL BERHAD |
| Stock Name | JIANKUN |
| Date Announced | 26 Dec 2014 |
| Category | General Announcement |
| Reference No | CC-141226-62542 |
| Type | Announcement | ||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS | ||||||||||||
| Description | JIANKUN INTERNATIONAL BERHAD (FORMERLY KNOWN AS NAGAMAS INTERNATIONAL BERHAD)("JIB" or "the Company") - PROJECT MANAGEMENT SERVICES AGREEMENT ENTERED INTO BY JIB’S WHOLLY-OWNED SUBSIDIARY, NAGAMAS VENTURE SDN. BHD. WITH JUARA GRED DEVELOPMENT SDN. BHD. | ||||||||||||
1. INTRODUCTIONPursuant to Paragraph 10.08 of the Main Market Listing Requirements of Bursa Securities Malaysia Berhad (“Listing Requirements”), the Board of Directors of Jiankun International Berhad (Formerly known as Nagamas International Berhad) (“JIB” or “the Company”) is pleased to announce that its wholly-owned subsidiary, Nagamas Venture Sdn. Bhd. (“NVSB” or “the Project Management”) had on 26 December 2014 entered into a Project Management Services Agreement (“the Agreement”) with Juara Gred Development Sdn. Bhd. (“JGDSB” or “the Client”) for NVSB to be appointed as a Project Management Services Consultant to provide the project management professional and advisory services to JGDSB for the proposed development project known as “Cadangan Pembangunan 28 unit kilang berkempar 3 tingkat yang mengandungi 8 unit Jenis A, 16 unit Jenis B, 2 Jenis C, 2 unit D di atas Lot 9241, Taman Perindustrian Meranti Perdana, Mukim Dengkil, Daerah Sepang, Selangor Darul Eshan” (“the Works”) for a lump sum professional fees of RM1,000,000.00.
2. INFORMATION ON JGDSB JGDSB is a private limited company incorporated in Malaysia under the Companies Act, 1965 on 11 June 2012. The principal business of the JGDSB is investment holding in real property, share and other financial instruments and housing development. As at 26 December 2014, the authorised share capital of JGDSB is RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each while the issued and paid-up capital is RM1,000,000.00 comprising 1,000,000 ordinary shares of RM1.00 each. The directors and shareholders of JGDSB as at 26 December 2014 are as follows:
3. SALIENT TERMS OF THE AGREEMENT The words and abbreviations used throughout this section of the Announcement shall have the same meaning as defined in the SPA unless the context otherwise requires or defined herein. The salient terms of the Agreement are as follows:- 3.1 The Project Management Responsibility (i) NVSB is engaged as an Independent consultant, and the project management for the Works and shall be responsible for providing advisory services to JGDSB for the following matters:- a) ascertaining
the client’s objectives, brief and constraints for the project and advising the client on how to achieve the
objectives; b) inspecting
and advising the client on the selection and suitability of proposed sites,
conducting or taking part in negotiations connected therewith, taking levels
and preparing measured drawings, plans of the sites, sites and buildings or
existing buildings; c) preparing
and refining the brief in consultation with the client and interpreting the
client’s objectives to arrive at an agreed brief for the project; d) carrying
out such studies as may be necessary for the implementation of the project; e) preparing
the outline project plan which may include a preliminary cost estimate, a
preliminary project planning and implementation schedule, a preliminary cash
flow projection including probable construction costs and fees and a resource
plan; f) advising
the client on the need for geotechnical, civil, structural, mechanical or
electrical engineering, quantity surveying or other specialist consultants’
services, inviting, obtaining and evaluating submissions and making
recommendations to the client for their appointments if necessary; and g) advising the client on the resident site staff required for the project and estimating the cost of their employment and the duration of their employment. (ii) The services of the Project Management consist of five (5) phases as described in the Agreement as follows:- a)
Schematic Design Phase b)
Design Development Phase c)
Contract Documentation Phase d)
Contract Implementation and Management Phase e) Post Contract Management Phase 3.2 Termination of Agreement (i) This Agreement may be terminated by either party by issuance of 30 days written notice to the other in the event the defaulting party fails to comply with the terms of this Agreement. In the event of such termination, the Project Management shall be paid for the services performed to the date of the notice of termination including any reimbursement then due. (ii) Upon receipt of the termination notice from JGDSB, the Project Management shall be obliged to immediately issue a Letter of Release to the second The Project Management engaged by JGDSB and inform the relevant authorities concerned in respect of the termination. (iii) Notwithstanding any other provision in this Agreement, if at any time during the period of this Agreement that JGDSB is dissatisfied with the Project Management's performance of their obligations hereunder, JGDSB shall have the right to terminate this Agreement forthwith and the provision under 3.3 (ii) below shall apply. (iv) Except for payment under 3.3 (i), JGDSB shall not be liable for any claim for loss of anticipated profits or damages for, on account of, or arising from the termination of this Agreement. 3.3 Postponement of Abandonment of the Works (i) If the Works is postponed or abandoned in total or in part during any stage of the works the Project Management shall be paid all moneys due for the services performed prior to receipt of written notice from JGDSB of such abandonment or suspension together with all reimbursements due to that date. (ii) If within two years of the
date of postponement, the Works or any part thereof shall again proceed then
any payments made under this clause shall rank as payments made on account
toward the total fee actually payable and calculated on the project
construction cost as. Should additional services be required of the Project
Management in connection with the resumption of the postponed works, such
additional service shall be deemed as part services mentioned.
4. RATIONALE The principal activity of NVSB is involved in project management. The rationale for NVSB to enter the Agreement with JGDSB is to take advantage of new business opportunities. The Agreement is meeting the business needs of JIB Group at the best possible terms and is expected to generate positive recurring income to the Group. These would ultimately benefit the JIB Group and the shareholders by enhancing profitability and returns on shareholders’ funds. 5. FINANCIAL EFFECTS 5.1 Share Capital and Substantial Shareholders’ Shareholding The Agreement will not have any effect on the share capital and substantial shareholders’ shareholding of JIB as it does not involve any issuance of new ordinary shares in JIB. 5.2 Earnings and Net Assets (“NA”) The Agreement is expected to enhance the earnings of the Group for the financial year ending 31 December 2015. This Project is expected to contribute positively to the earnings and NA of the Group in the future years from 1 January 2015. 5.3 Gearings The effect of the Project will result a positive impact on the Group’s gearing. 6. RISK FACTORS In entering into the Agreement, NVSB has negotiated terms and conditions that will minimize and mitigate risks to the Company. The Company is optimistic of the prospects of the Works and is not aware of any material risk factors arising from the Works, other than the inherent risks associated with property development.
7. TIME FRAME The Agreement shall commence on 1 January 2015 and shall expire on 31 December 2016.
8. THE NATURE AND EXTENT OF THE INTERESTS OF THE INTERESTED DIRECTORS AND MAJOR SHAREHOLDERS Foong Kah Heng, a major shareholder of JIB with 12.79% shareholding in JIB as at the date of this announcement, is also a director and shareholder of JGDSB. Accordingly, Foong Kah Heng abstained and will continue to abstain from all deliberation and voting on matters relating to the Agreement and will abstain from voting to approve the Agreement. Save as disclosed above, none of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the Agreement. 9. APPROVAL REQUIRED The Agreement is not subject to any approval from the relevant regulatory authorities nor the shareholders of JIB.
10. STATEMENT BY AUDIT COMMITTEE The Audit Committee having considered the rationale for the Agreement and all aspects of the Agreement, is of the view that the Agreement are in the best interests of the Company, fair, reasonable and on normal commercial terms and not detrimental to the interests of the minority shareholders as the Agreement that to be entered into is in the ordinary course of business on normal commercial terms which are not more favourable to the related parties than those generally available to the public.
The Board of Directors of JIB, after having considered all aspects of the Agreement, is of the opinion that it is in the best interest of the Group.
12. PERCENTAGE RATIO The highest percentage ratio applicable to the Agreement pursuant to paragraph 10.02(g) of the Listing Requirement is 1.96%.
13. DOCUMENTS FOR INSPECTION The Agreement is available for inspection at the registered office of the Company at Suite 10.03, Level 10, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur between 8.30 a.m. and 5.30 p.m. from Monday to Friday (except public holidays) for a period of three (3) month from the date of this announcement. This Announcement is dated 26 December 2014.
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