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For Internal Circulation Only

KDN PP 8927/07/2013(032977)

WEDNESDAY
WEDNES
16 MAR 2016

Malaysia Corporate News

BURSA MALAYSIA

FTSE-BURSA
MALAYSIA

WORLD

KLCI FUTURES

Index

Closing

Pts Chg

% Chg

FBM-KLCI
FBM-ACE
Volume: Total (mil units):
Volume: FBM
FBM-ACE (mil units):
Total Value (RM'mil)
Gainers
Losers
Unchanged

1,690.92
5,563.8
1,524.6
254.6
1,703.7
409
381
363

(9.39)
(7.91)
(190.54)
(33.90)
(110.68)

(0.55)
(0.14)
(11.11)
(11.75)
(6.10)

Index

Closing

Pts Chg

% Chg

FBM 70
FBM 100
FBM Palm
alm Oil
FBM SmallCap
FBM Emas
FBM Fledgling

12,966.1
11,426.8
16,953.7
15,267.5
11,719.6
15,744.1

35.44
(40.91)
(68.17)
15.05
(38.69)
63.90

0.27
(0.36)
(0.40)
0.10
(0.33)
0.41

52-week
Low
High
1,504
1,868
15,370
18,351
4,210
5,232
5,500
7,123
14,866
20,953
18,279
28,589
1,801
2,190
2,529
3,550
1,221
1,575
4,034
5,524
2,638
5,178
1,574
3,157

Closing
1,691
17,252
4,729
6,140
17,117
20,289
1,970
2,839
1,383
4,850
2,864
1,729

Pts Chg
(9)
22
(22)
(35)
(117)
(147)
(2)
(8)
(11)
(28)
5
(16)

% Chg
(0.55)
0.13
(0.45)
(0.56)
(0.68)
(0.72)
(0.12)
(0.27)
(0.81)
(0.57)
0.17
(0.93)

Yesterday

Premium/

Index
FBM-KLCI
Dow Jones
Nasdaq
FTSE
Nikkei 225
Hang Seng
Korea Kospi
Singapore STI
Thailand SET
Jakarta
Shanghai
Shenzen
Week
Index
FBM-KLCI
FKLI Mar 16
FKLI Apr 16
FKLI Jun 16
FKLI Sept 16

Low

High

Closing

% Chg

Discount

Volume

Open Int

1,676.93
1,677.00
1,673.00
1,660.00
1,653.00

1,708.10
1,709.00
1,703.00
1,692.50
1,682.00

1,690.92
1,689.50
1,684.50
1,676.00
1,668.00

(0.55)
(0.73)
(0.80)
(0.74)
(0.60)

(1.42)
(6.42)
(14.92)
(22.92)

110 Million
5,919
523
26
4

35,726
1,852
244
80

Page 1 of 5

WEDNESDAY
WEDNES
16 MAR 2016
ECONOMIC NEWS

The Dow Jones Industrial Average rose 22.40 points to 17,251.53

The Dow Jones Industrial Average rose 22.40 points to 17,251.53. The Nasdaq Composite index gave up 21.61 points to
4,728.67. Benchmark U.S. crude shed 84 cents to $36.34 a barrel in New York. The 10
10-Year
Year U.S Treasury note
not rose to 1.97
percent. Gold prices slipped from RM166.20 per gram to RM164.60 per gram. Palm oil futures ascended from RM2,593 per
tonne to RM2,611 per tonne.

CORPORATE NEWS

Bison Consolidated fixes institutional and final rettail price for its IPO
Bison Consolidated Bhd announced that upon closing of the Institutional Offering on 15 Mar 2016 the Institutional Price and the
Final Retail Price for its IPO have been fixed, as below:

INSTITUTIONAL PRICE RM1.10 PER SHARE

FINAL RETAIL PRICE RM1.10 PER SHARE

Bursa Malaysia

Digistar Corporation fixes issue price of Private Pllacement at RM0.143 each

Digistar Corporation Bhd fixed the issue price for the Private Placement comprising 45.604mil new ordinary shares of RM0.10
each in Digistar at RM0.143 per Placement Share. The issue price of RM0.143 per share represents a discount of 9.38% to the 5day weighted average market price of Digistar shares up to and including 14 Mar 2016 of RM0.1578 per Digistar share.
Bursa Malaysia

Scomi Engineering gets three notices from Prasarrana since January

Scomi Engineering Bhd announced that its solicitors, Messrs Lee Hishammuddin Allen & Gledhill, has received a letter dated 11
Marr 2016 from Prasarana Malaysia Bhds solicitors stating that Prasarana Malaysia Bhd will not be relying on its 2 earlier
purported notices dated 4 Jan 2016 and 18 Feb 2016 and further gave an undertaking that it will not rely on these 2 notices tto
terminatee the KL Monorail Expansion Contract. The company has been advised by its solicitors that by this conduct Prasarana
Malaysia Bhd has, in effect, admitted that these 2 notices are defective and will not be used as a basis to terminate the KL
Monorail Expansion Contract.
The company will be contesting both the validity of Prasarana Malaysia Bhds letter dated 8 Mar 2016 received by the company
c
on 9 Mar 2016, which purports to be a Notice to Remedy, and any attempt to terminate the KL Monorail Expansion Con
Contract
pursuant to that letter. Bursa Malaysia

Page 2 of 5

WEDNESDAY
WEDNES
16 MAR 2016

TRC Synergy bags RM88mil KLIA sub-contract

owned subsidiary, Trans Resources Corporation SS/B
B received the Letter of Acceptance from Advanced
A
TRC Synergy Bhds wholly-owned
Air Traffic Systems (M) S/B, in relation
tion to the sub
sub-contract known as Proposed Development of New Kuala Lumpur Air Traffic
Control Centre (New KL ATCC) Building and Associated Works at Kuala Lumpur International Airport (KLIA) and Other Locations
(Contract No, :AAT/TRC/NEWKLATCC/SC/2015) for a sub
sub-contract sum of RM88.000mil. Bursa Malaysia

BLD Plantation buys Pekan Semangat for RM155.22mil

BLD Plantation Bhd entered into a Share Sale Agreement with Loi Heng Sewn, Lau Yong Lee, Albert Hong Hin Kay and Dr. Ngoi
Sing Shang to acquire from the Vendors the entire 1.100mil ordinary shares of RM1.00 each in the shar
share capital of Pekan
Semangat S/B for a cash consideration of RM155.220mil. Pekan Semangat S/B is as an investment holding company and is the
registered and beneficial owner of 1.68mil issued/paid up ordinary shares of RM1.00 each representing 70% equity in
interest of
Agrogreen Ventures S/B.
Agrogreen is in the business of oil palm plantation and is the registered proprietor of the following parcels of 60year provi
provisional
lease of State lands, totaling 5,442 hectares situated at:
i)

Lot 18, Block No. 2, Stungkor

gkor Land District, in the Sampadi, Lundu area measuring 1,442 ha

ii)

Lot 16, Block No. 2, Stungkor Land District in the Sampadi, Lundu area, measuring 4,000 ha out of which not less than 5,000
ha have been developed into an oil palm plantation.

The age of oil palm for Lot 18 and Lot 16 is 1 five 5 years
years. Bursa Malaysia

Perdana Petroleum appoints UOB as principal advviser for PPBs RM650mil sukuk; proceeds to refinance deb
bt
Perdana Petroleum Bhd announced that United Overseas Bank (Malaysia) Bhd as the Principal Adviser/Lead Arranger/Lead
Manager for the proposed Sukuk Issue has on 11 Mar 2016, on behalf of PERDANA PETRO
PETROLEUM
LEUM BHD, made the lodgement in
respect of the Proposed Sukuk Issue with the Securities Commission Malaysia.
The first issuance under the Proposed Sukuk Issue will be guaranteed by Danajamin Nasional B
Bhd
d pursuant to an Al-Kafalah
Al
Facility. The tenure of the
he Sukuk Murabahah Programme shall be 12 years from the first issue of the Sukuk Murabahah. The
proceeds of the first issuance of the Sukuk Murabahah shall be utilised for the following purposes:
i)

up to RM630.00mil to be utilised for refinancing of outstan

outstanding borrowings undertaken by PERDANA PETROLEUM BHD for
purchase of the certain charged vessels

ii)

up to RM20.00mil to defray any fees and expenses for the Proposed Sukuk Issue and the Al
Al-Kafalah
Kafalah Facility and to prefund
the finance service reserve account to
o be opened and maintained under the Al
Al-Kafalah Facility

iii) any unutilised balance after meeting purposes above can be utilised for PERDANA PETROLEUM BHDs
BHD working capital
requirements up to a maximum of RM40.000mil
mil.
Subsequent issuances of the Sukuk Murabahah shall be utilised for PERDANA PETROLEUM BHDs
s working capital requirements
(including refinancing) which includes advances to the Issuers subsidiaries via Shariah
Shariah-compliant mode and general corporate
purposes which are Shariah-compliant. Bursa Malaysia

Page 3 of 5

WEDNESDAY
WEDNES
16 MAR 2016

Ho Wah Genting to adjust outstanding Warrants C

Ho Wah Genting Bhd will make adjustments to the exercise pric
pricee and number of outstanding Warrants C in accordance with the
provisions of the Deed Poll 2011 pursuant to its renounceable rights issue of up to 617.598mil Rights Shares on the basis of 1
Rights Share for every 1 existing share held after the Par Value Re
Reduction,
duction, together with up to 494.079mil Warrants D on the
basis of 4 Warrants D for every 5 Rights Shares subscribed on the Entitlement Date
Date.. The new Exercise Price will be 18 sen vs 20
sen previously and the number of Warrants C will be adjusted from 11.
11.848mil to 12.914mil. Bursa Malaysia

Kwasa Land awards TSR Capital infrastructure job worth RM268.9m

RM268.9mil
TSR Capital Bhd has won a two-year
year RM268.9 million contract for common infrastructure works from Kwasa Land Sdn Bhd for
the Kwasa Damansara township project. In a statement today, Kwasa Land said the deal was awarded to TSR Capital's unit TSR
Bina Sdn Bhd. The job comprises site clearance and site preparation, earthworks, roadworks, drainage works, road furniture,
sewerage reticulation, water reticulation, park and ride facility, electrical infrastructure works, and soft and hard landsca
landscape
works, said Kwasa Land. It is to be completed within 104 weeks by March 12, 2018. This is the second infrastructure works
awarded by Kwasa Land, to date, for its 2,330
2,330-acre
acre Kwasa Damansara township, the statement further read. The first
infrastructure job, valued at RM127 million, was awarded to WCT Holdings Bhd in September 2015, and encompasses the
construction and completion of common infrastructure works for a designated area within the vicinity of the main town centre
and Kwasa Sentral MRT Station. The Edge Financial D
Daily

Wintoni fails to recover EGM papers

Wintoni Group Bhd has lost its legal proceedings against Kang Choo
Choon
n Leu @ Kang Chee Sim, who was allegedly in possession of
the documents on the company's extraordinary general meeting (EGM), which was called to remove the entire board of
directors. In a filing with Bursa Malaysia today, the automation systems designer ssaid
aid Kuala Lumpur High Court has last
Thursday (March 10) dismissed the legal proceedings with costs against Kang, one of the 10 shareholders who called for the
EGM, for failing or refusing to hand over the meeting documents to and/or in connection with the EGM held on Sept 11 last
year. "The company had applied for a consequential order that the company be excused from preparing the minutes for the
EGM given that the court had ruled against the company's application. "However, the court declined to entertai
entertain the
application for consequential order and advised the company to make a fresh application in respect of such issue," said the
announcement. Wintoni said it has instructed its solicitors to appeal against the judgment. "In view thereof, the company is
unable
nable to prepare and finalise the minutes for the EGM until further notice. Any further development will be announced in due
course," it said. The Edge Financial Daily

Page 4 of 5

WEDNESDAY
WEDNES
16 MAR 2016

Yong Tai's MD and Co-founder resigns

Yong Tai Bhd's founder and managing director Wong Liew Lin @ Liew Fat Lin has resigned as the group's managing director
effective today, citing "other commitment and busy schedule". According to the garments man
manufacturer,
ufacturer, Wong was appointed
to the board on Oct 2, 1997 and has helmed the post since Nov 8, 1997. He founded Yong Tai group in 1971 and has been in
charge of the overall operations since its inception. Apart from that, Yong Tai's executive director Datu
Datukk Ng Jet Heong also
resigned from his post today, citing the same reason. Ng, 50, was appointed to the board on Aug 28, 2014. The Edge Financial
Daily

LBI Capitals shareholders approve disposal of lands

LBI Capital Bhd's shareholders has
as approved the proposed disposal of lands for RM50 million at its EGM today. Its executive
director Kong Sau Kian told pressmen that the group will net RM29.79 million disposal gain, after taking into account the
estimated expenses incurred for the disposal
al of lands, and the estimated real property gains tax. On proceeds utilisation, he said
half of the proceeds will go to future land acquisition activities, while the others are to pare down borrowings, besides bei
being
used for working capital. The Edge Financial Daily

IMPORTANT:: This report has been prepared from sources that are believed to be reliable but we do not hold ourselves responsible for it
itss completeness and accuracy.
All opinions and estimates in this report are subject to change without notice. We do not accept any liability that may arise from the use of information in this report.
Inter-Pacific Research Sdn Bhd and or its associates may from time to time have interest and/or underwriting commitments in the company being reported. This
report is for internal circulation
ation only and the contents or any part thereof cannot be reproduced in any manner whatsoever except with the prior written consent of
Inter-Pacific Research Sdn Bhd.

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Pacific Research Sdn Bhd ((449005-X)
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Page 5 of 5