Comments Off on MULTIPLE PROPOSALS
15 Jan 2021

MULTIPLE PROPOSALS

MULTIPLE PROPOSALS MESB BERHAD (“MESB” OR THE “COMPANY”) – PROPOSED DIVERSIFICATION – PROPOSED SHAREHOLDERS’ MANDATE (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Type Announcement
Subject MULTIPLE PROPOSALS
Description MESB BERHAD (“MESB” OR THE “COMPANY”)

–              PROPOSED DIVERSIFICATION

–              PROPOSED SHAREHOLDERS’ MANDATE

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

On behalf of the Board of Directors of MESB, KAF Investment Bank Berhad wishes to announce that the Company is proposing to undertake the following proposals:

(i)         proposed diversification of the existing business of the MESB and its subsidiaries (“MESB Group“) to include the collection and recycling of wastepaper, plastics scrap and scrap ferrous metal (“Proposed Diversification”); and

(ii)        proposed shareholders’ mandate for recurrent related party transactions expected to be entered into by the MESB Group with related parties pursuant to the Proposed Diversification.

Kindly refer to the attached document for the complete announcement.

MESB – Announcement dated 15.1.2021

 

This announcement is dated 15 January 2021.

 

 

Comments Off on MATERIAL LITIGATION
14 Jan 2021

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

Type Announcement
Subject MATERIAL LITIGATION
Description MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

We refer to the Company’s announcements made on 26 August 2019, 4 September 2019, 18 October 2019, 6 November 2019, 12 February 2020, 25 March 2020, 18 May 2020, 2 December 2020, 16 December 2020 and 11 January 2021 (“Previous Announcements”).

For ease of reference, the terms and abbreviations used in the Previous Announcements shall be adopted herein.

The Board of the Company wishes to announce that the Court of Appeal has fixed a case management for Enclosure 16 on 26 February 2021.

This announcement is dated 14 January 2021.

Comments Off on MATERIAL LITIGATION
11 Jan 2021

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

MESB BERHAD

 

Type Announcement
Subject MATERIAL LITIGATION
Description MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

We refer to the Company’s announcements made on 26 August 2019, 4 September 2019, 18 October 2019, 6 November 2019, 12 February 2020, 25 March 2020, 18 May 2020, 2 December 2020 and 16 December 2020.

The Board of the Company wishes to announce that the Company had on 8 January 2021 filed a notice of appeal to the Court of Appeal for Enclosure 16. On the same day, the Company received a notice of application for discovery proceeding from Zelleco Engineering Sdn Bhd.

Further to the case management on the even date, the Court has fixed for a case management on 19 February 2021.

This announcement is dated 11 January 2021

Comments Off on Change in Boardroom
21 Dec 2020

Change in Boardroom

Change in Boardroom

Date of change 21 Dec 2020
Name MR WONG SAK KUAN
Age 52
Gender Male
Nationality Malaysia
Designation Director
Directorate Non Independent and Non Executive
Type of change Appointment

Qualifications

No Qualifications

Major/Field of Study

Institute/University Additional Information
1 Diploma Civil Engineering

Federal Institute of Technology

 

Working experience and occupation Mr. Wong Sak Kuan (Mr. Wong) has more than 35 years of experience in the construction and development industry.

Upon graduating with a Diploma in Civil Engineering from the Federal Institute of Technology (FIT) in 1990, he joined his family’s construction business erecting factory buildings and warehouses for a public listed paper mill group of companies. In 1995, he steered the construction company into various residential, commercial and industrial development projects in Selangor and Penang states.

Apart from the construction activities, Mr. Wong also owns other businesses such as trading; recycling and paper roll rewinding services; transportation and workshop; and F&B.

Mr Wong is currently a Non-independent Non-Executive Vice Chairman of Lotus KFM Berhad. Mr. Wong currently also sits on the board of several private limited companies.

Directorships in public companies and listed issuers (if any)

Lotus KFM Berhad

Family relationship with any director and/or major shareholder of the listed issuer

No

Any conflict of interests that he/she has with the listed issuer

No

Details of any interest in the securities of the listed issuer or its subsidiaries

Securities held in MESB Berhad

Direct Interest – 35,507,898 Ordinary Share (33.467%)

 

 

Comments Off on GENERAL MEETINGS: Outcome of Meeting
GENERAL MEETINGS: Outcome of Meeting
Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 17-Dec-20
Time 9:30 AM
Venue(s) Broadcat Venue
Lot 9-11 Menara Sentral Vista
No. 150, Jalan Sultan Abdul Samad
Brickfields, 50470 Kuala Lumpur
Malaysia
Outcome of Meeting The Board of MESB Berhad (“Company” or “MESB”) is pleased to announce that the resolutions set out in the Notice of the Twenty-Fifth Annual General Meeting (“25th AGM”) of the Company dated 30 October 2020 were duly passed as Ordinary / Special Resolutions by way of a poll at the 25th AGM of the Company held on Thursday, 17 December 2020 at 09:30 a.m.
The results of the poll were validated by TMF Global Services (Malaysia) Sdn. Bhd., the Independent Scrutineer appointed by the Company.
This announcement is dated 17 December 2020.
Voting Results
1. Ordinary Resolution 1
Description To re-elect Mr. Chua Jin Kau as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 51,338,972 0
% of Voted Shares 100 0
Result Accepted
2. Ordinary Resolution 2
Description To re-elect Mr. Tan Yew Kim as a Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 1
No. of Shares 51,338,971 1
% of Voted Shares 99.9999 0.0001
Result Accepted
3. Ordinary Resolution 3
Description To approve the Directors Fees for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 51,338,972 0
% of Voted Shares 100 0
Result Accepted
4. Ordinary Resolution 4
Description To approve the payment of Directors Remuneration for period from 18 December 2020 until the conclusion of the next Annual General Meeting.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 1
No. of Shares 51,338,971 1
% of Voted Shares 99.9999 0.0001
Result Accepted
5. Ordinary Resolution 5
Description To re-appoint Messrs KPMG PLT as Auditors of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 51,338,972 0
% of Voted Shares 100 0
Result Accepted
6. Ordinary Resolution 6
Description Tier 1
To approve continuing in Office for Encik Saffie Bin Bakar as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 1 0
No. of Shares 35,507,898 0
% of Voted Shares 100 0
Result Accepted
7. Ordinary Resolution 6
Description Tier 2
To approve continuing in Office for Encik Saffie Bin Bakar as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 14 1
No. of Shares 15,831,073 1
% of Voted Shares 99.9999 0.0001
Result Accepted
8. Ordinary Resolution 7
Description To approve continuing in Office for Mr. Tan Yew Kim as an Independent Non-Executive Director.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 15 1
No. of Shares 51,338,971 1
% of Voted Shares 99.9999 0.0001
Result Accepted
9. Special Resolution 1
Description Proposed Amendment to the Company’s Constitution.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 51,338,972 0
% of Voted Shares 100 0
Result Accepted
10. Ordinary Resolution 8
Description To approve Authority to Issue and Allot Shares.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 16 0
No. of Shares 51,338,972 0
% of Voted Shares 100 0
Result Accepted
Comments Off on MATERIAL LITIGATION
16 Dec 2020

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

We refer to the Company’s announcements made on 26 August 2019, 4 Septemer 2019, 18 October 2019, 6 November 2019, 12 February 2020, 25 March 2020, 18 May 2020 and 2 Deccember 2020.

The Board of the Company wishes to announce that the Company’s application to strike out a claim filed by Zelleco Engineering Sdn Bhd vide Suit No.: WA-22NCvC-578-09/2019 (“Enclosure 16”) was dismissed by the Court on 16 December 2020. The Board is currently seeking legal opinion as to whether the Company should appeal against the said dismissal of Enclosure 16. At this juncture, the Board is of the opinion that the Plaintiff’s claim has no merits and it has good grounds to appeal against the rulings. The case is now fixed for case management on 11 January 2021.

Any further material development of the above matter will be announced in due course.

This announcement is dated 16th day of December 2020.

 

Comments Off on GENERAL MEETINGS: Notice of Meeting (Amended Announcements)
GENERAL MEETINGS: Notice of Meeting
Amended Announcements
Please refer to the earlier announcement reference number: GMA-23102020-00001
Type of Meeting General
Indicator Notice of Meeting
Description MESB BERHAD (MESB OR THE COMPANY) – ADDENDUM TO THE NOTICE OF TWENTY-FIFTH ANNUAL GENERAL MEETING (“25TH AGM”) AND FORM OF PROXY FOR THE 25TH AGM
Date of Meeting 17-Dec-20
Time 9:30 AM
Venue(s) Broadcat Venue
Lot 9-11 Menara Sentral Vista
No. 150, Jalan Sultan Abdul Samad
Brickfields, 50470 Kuala Lumpur
Malaysia
Date of General Meeting Record of Depositors 11-Dec-20
Resolutions
1. For Information
Description To receive the Audited Financial Statements of the Company for the financial year ended 30 June 2020 together with the Reports of the Directors and Auditors thereon.
Shareholder’s Action For Information Only
2. Ordinary Resolution 1
Description To re-elect Mr. Chua Jin Kau as a Director.
Shareholder’s Action For Voting
3. Ordinary Resolution 2
Description To re-elect Mr. Tan Yew Kim as a Director.
Shareholder’s Action For Voting
4. Ordinary Resolution 3
Description To approve the Directors Fees for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
5. Ordinary Resolution 4
Description To approve the payment of Directors Remuneration for period from 18 December 2020 until the conclusion of the next Annual General Meeting.
Shareholder’s Action For Voting
6. Ordinary Resolution 5
Description To re-appoint Messrs KPMG PLT as Auditors of the Company.
Shareholder’s Action For Voting
7. Ordinary Resolution 6
Description Tier 1
To approve continuing in Office for Encik Saffie Bin Bakar as an Independent Non-Executive Director.
Shareholder’s Action For Voting
8. Ordinary Resolution 6
Description Tier 2
To approve continuing in Office for Encik Saffie Bin Bakar as an Independent Non-Executive Director.
Shareholder’s Action For Voting
9. Ordinary Resolution 7
Description To approve continuing in Office for Mr. Tan Yew Kim as an Independent Non-Executive Director.
Shareholder’s Action For Voting
10. Special Resolution 1
Description Proposed Amendment to the Company’s Constitution.
Shareholder’s Action For Voting
11. Ordinary Resolution 8
Description To approve Authority to Issue and Allot Shares.
Shareholder’s Action For Voting

 

Please refer attachment below.

MESB-Addendum Notice 25th AGM (Virtual)

Comments Off on MATERIAL LITIGATION
2 Dec 2020

MATERIAL LITIGATION

MATERIAL LITIGATION MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.

Type Announcement
Subject MATERIAL LITIGATION
Description MESB BERHAD (“MESB” OR “the Company”) – Writ of Summons and Statement of Claim by the Kuala Lumpur High Court Suit No. WA-22NCVC-579-08/2019, filed by Zelleco Engineering Sdn. Bhd.
 

We refer to the Company’s announcements made on 26 August 2019, 4 September 2019, 18 October 2019, 6 November 2019, 12 February 2020, 25 March 2020 and18 May 2020.

The Board of Directors of the Company wishes to announce that the Court has fixed a new decision date on 16 December 2020.

The Company will make further announcement on any material development arising from the above matter as and when necessary.

This announcement is dated 2 December 2020.

Comments Off on Quarterly rpt on consolidated results for the FPE 30 Sep 2020

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2020

Financial Year End

30 Jun 2021

Quarter

1 Qtr

Quarterly report for the financial period ended

30 Sep 2020

The figures

have not been audited

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020

 

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

30 Sep 2020 30 Sep 2019 30 Sep 2020 30 Sep 2019
 
$$’000 $$’000 $$’000 $$’000
1 Revenue 34,252 32,226 34,252 32,226
2

Profit/(loss) before tax

3,365 -4,114 3,365 -4,114
3

Profit/(loss) for the period

2,689 -4,115 2,689 -4,115
4

Profit/(loss) attributable to ordinary equity holders of the parent

2,689 -4,115 2,689 -4,115
5

Basic earnings/(loss) per share (Subunit)

3.00 -5.02 3.00 -5.02
6

Proposed/Declared dividend per share (Subunit)

0.00 0.00 0.00 0.00

AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7

Net assets per share attributable to ordinary equity holders of the parent ($$)

0.7100

0.76

Attachments:

MESB – 1st QTR 30.09.2020

MESB – 1st QTR 30.09.2020 Notes

 

 

 

 

Comments Off on TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

 

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description MESB BERHAD (“MESB” OR THE “COMPANY”)  – CONDITIONAL MANDATORY TAKE-OVER OFFER FROM KAF INVESTMENT BANK BERHAD (“KAF IB”) ON BEHALF OF WONG SAK KUAN AND YAU MING TECK (“JOINT OFFERORS”) (“OFFER”)
(Unless otherwise stated, the terms used herein shall have the same meaning as those defined in the offer document dated 2 November 2020 together with the Form of Acceptance and Transfer (“Offer Document”).

The Board wishes to announce that the Company has today, received a press notice from KAF IB, on behalf of the Joint Offerors, informing that the Offer has closed at 5.00 p.m. (Malaysian time) on 23 November 2020 (“Closing Date”).

In accordance with Paragraph 13.01 of the Rules, the detailed disclosure of level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on the Closing Date is set out in the attached press notice.

Please refer to the attached press notice for further details.

Press Notice – Closing Offer

 

 

Comments Off on Circular/Notice to Shareholders

Circular/Notice to Shareholders

Subject MESB BERHAD (“MESB” OR “COMPANY”) – INDEPENDENT ADVICE CIRCULAR TO THE HOLDERS OF THE OFFER SECURITIES IN RELATION TO THE CONDITIONAL MANDATORY TAKE-OVER OFFER BY WONG SAK KUAN AND YAU MING TECK (“JOINT OFFERER”), THROUGH KAF INVESTMENT BANK NERHAD, TO ACQUIRE:- (I) ALL REMAINING ORDINARY SHARES IN MESB NOT ALREADY OWNED BY THE JOINT OFFERORS AND SUCH NUMBER OF NEW ORDINARY SHARES IN MESB THAT MAY BE ISSUED AND ALLOTTED PRIOR TO THE CLOSING DATE ARISING FROM THE EXERCISE OF THE OUTSTANDING WARRANTS IN MESB NOT ALREADY OWNED BY THE JOINT OFFERORS (“OFFER SHARES”); AND (II) ALL THE REMAINING UNEXERCISED OUTSTANDING WARRANTS IN MESB NOT ALREADY OWNED BY THE JOINT OFFERORS (“OFFER WARRANTS”), FOR A CASH OFFER PRICE OF RM0.315 PER OFFER SHARE AND RM0.015 PER OFFER WARRANT.

Please refer attachment below.

MESB – IAC (Bursa)

 

Comments Off on CONDITIONAL MANDATORY TAKE-OVER OFFER

Circular/Notice to Shareholders

Subject MESB BERHAD (“MESB” OR “COMPANY”) – CONDITIONAL MANDATORY TAKE-OVER OFFER BY WONG SAK KUAN AND YAU MING TECK (“JOINT OFFERORS”), THROUGH KAF INVESTMENT BANK BERHAD, TO ACQUIRE:- (I) ALL THE REMAINING ORDINARY SHARES IN MESB NOT ALREADY OWNED BY THE JOINT OFFERORS AND SUCH NUMBER OF NEW ORDINARY SHARES IN MESB THAT MAY BE ISSUED AND ALLOTTED PRIOR TO THE CLOSING DATE ARISING FROM THE EXERCISE OF THE OUTSTANDING WARRANTS IN MESB NOT ALREADY OWNED BY THE JOINT OFFERORS (“OFFER SHARES”); AND (II) ALL THE REMAINING UNEXERCISED OUTSTANDING WARRANTS IN MESB NOT ALREADY OWNED BY THE JOINT OFFERORS (“OFFER WARRANTS”), FOR A CASH OFFER PRICE OF RM0.315 PER OFFER SHARE AND RM0.015 PER OFFER WARRANT.

Please refer attachment below.

Offer Document (2.11.2020)

Form of Acceptance and Transfer for Offer Shares (2.11.2020)

Form of Acceptance and Transfer for Offer Warrants (2.11.2020)

 

 

Comments Off on Annual Report & CG Report 2020

Annual Report & CG Report

Annual Report for Financial Year Ended 30 Jun 2020
Subject Annual Report & CG Report – 2020

Please refer attachment below.

MESB – Annual Report 2020 (Bursa)

MESB -2020 Corporate Governance Report

 

Comments Off on GENERAL MEETINGS: Notice of Meeting

GENERAL MEETINGS: Notice of Meeting

Type of Meeting General
Indicator Notice of Meeting
Description Notice of Twenty-Fifth Annual General Meeting
Date of Meeting 17 Dec 2020
Time 09:30 AM
Venue(s) Level 2, Espira Sri Petaling (formerly known as Hotel Sri Petaling), 30, Jalan Radin Anum, Bandar Baru Sri Petaling, 57000 Kuala Lumpur,
Malaysia
Date of General Meeting Record of Depositors 11 Dec 2020
Resolutions
1. For Information
Description To receive the Audited Financial Statements of the Company for the financial year ended 30 June 2020 together with the Reports of the Directors and Auditors thereon.
Shareholder’s Action For Information Only
2. Ordinary Resolution 1
Description To re-elect Mr. Chua Jin Kau as a Director.
Shareholder’s Action For Voting
3. Ordinary Resolution 2
Description To re-elect Mr. Tan Yew Kim as a Director.
Shareholder’s Action For Voting
4. Ordinary Resolution 3
Description To approve the Directors Fees for the financial year ended 30 June 2020.
Shareholder’s Action For Voting
5. Ordinary Resolution 4
Description To approve the payment of Directors Remuneration for period from 18 December 2020 until the conclusion of the next Annual General Meeting.
Shareholder’s Action For Voting
6. Ordinary Resolution 5
Description To re-appoint Messrs KPMG PLT as Auditors of the Company.
Shareholder’s Action For Voting
7. Ordinary Resolution 6
Description Tier 1

To approve continuing in Office for Encik Saffie Bin Bakar as an Independent Non-Executive Director.

Shareholder’s Action For Voting
8. Ordinary Resolution 6
Description Tier 2

To approve continuing in Office for Encik Saffie Bin Bakar as an Independent Non-Executive Director.

Shareholder’s Action For Voting
9. Ordinary Resolution 7
Description To approve continuing in Office for Mr. Tan Yew Kim as an Independent Non-Executive Director.
Shareholder’s Action For Voting
10. Special Resolution 1
Description Proposed Amendment to the Company’s Constitution.
Shareholder’s Action For Voting
11. Ordinary Resolution 8
Description To approve Authority to Issue and Allot Shares.
Shareholder’s Action For Voting

Attachment :

MESB – Notice of 25th AGM

 

 

 

Comments Off on TRANSACTIONS (CHAPTER 10 OF LR) RRPT

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS MESB BERHAD (“MESB” OR “THE COMPANY”) PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

We refer to the Company’s announcement dated 8 October 2020 whereas the Company intends to seek its shareholders’ approval on the Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions (“RRPT”) of a Revenue or Trading Nature (“Proposed Shareholders’ Mandate”) at its forthcoming Annual General Meeting.

The RRPT are entered into by the subsidiaries of the Company, namely Active Fit Sdn. Bhd. and Miroza Leather (M) Sdn. Bhd. with MX Too Sdn. Bhd., Roncato Sdn. Bhd. and Branded Platform Sdn. Bhd., of which the interested major shareholder is Angsana Inai Sdn. Bhd. and persons connected are Teoh Hwa Peng and Tan Sok Gim (“Interested Parties”).

On 12 October 2020, Angsana Inai Sdn. Bhd. disposed all its 18,411,148 ordinary shares in MESB representing approximately 17.35% equity interest in MESB. Accordingly, the announcements in relation to the cessation of substantial shareholders of the Interested Parties were released by MESB on 15 October 2020 through Bursa Malaysia Securities Berhad.

Pursuant to paragraph 10.02(f)(i) of the Main Market Listing Requirements, a “major shareholder” includes any person who is or was within the preceding 6 months of the date on which the terms of the transaction were agreed upon, a major shareholder of the listed issuer as defined under paragraph 1.01 of the Main Market Listing Requirements or any other corporation which is its subsidiary or holding company. Thus, any transactions to be entered between MESB Group with MX Too Sdn. Bhd., Roncato Sdn. Bhd. and/or Branded Platform Sdn. Bhd., which involves the direct and indirect interest of the Interested Parties who were a major shareholder and persons connected to the major shareholder of MESB within the preceding 6 months from 12 October 2020, are still regarded as RRPT.

The Board of Directors of MESB wishes to announce that the Company decided not to issue the Circular to Shareholders and seek for shareholders’ approval to renew the RRPT at the forthcoming Annual General Meeting. Management will continue to closely monitor the RRPT, make the necessary disclosure, if any, and ensure compliance with the provisions in the Main Market Listing Requirements accordingly.

 

This announcement is dated 28 October 2020

Comments Off on PROPOSED AMENDMENT TO THE COMPANY’S CONSTITUTION

OTHERS MESB BERHAD (“MESB” OR “THE COMPANY”) – PROPOSED AMENDMENT TO THE COMPANY’S CONSTITUTION

The Board of Directors of MESB wishes to inform that the Company intends to seek approval from its shareholders at the forthcoming Annual General Meeting to be convened, on the Proposed Amendment to the Company’s Constitution (“Proposed Amendment”).

The details of the Proposed Amendment will be set out in the notice of the forthcoming Annual General Meeting of MESB that will be issued to the shareholders in due course.

This announcement is dated 27 October 2020

Comments Off on NOTIFICATION TO SHAREHOLDERS AND WARRANT HOLDERS

Circular/Notice to Shareholders

Subject NOTIFICATION TO SHAREHOLDERS AND WARRANT HOLDERS OF MESB BERHAD IN RELATION TO THE RECEIPT OF NOTICE OF CONDITIONAL MANDATORY TAKE-OVER OFFER DATED 12 OCTOBER 2020 FROM KAF INVESTMENT BANK BERHAD ON BEHALF OF WONG SAK KUAN AND YAU MING TECK (“NOTIFICATION TO SHAREHOLDERS AND WARRANT HOLDERS”)

Please refer attachment below.

MESB Berhad – Notification – CMTO

 

 

Comments Off on Notice of Person Ceasing (Section 139 of CA 2016)

Notice of Person Ceasing (Section 139 of CA 2016)

Particulars of Substantial Securities Holder

Name LIM CHIN HUA HOLDINGS SDN. BHD.
Address Lot 11 & 13, Jalan 51/201
Off Jalan Tandang
Seksyen 51
Petaling Jaya
46050 Selangor
Malaysia.
Company No. 199501024363 (353568-W)

Nationality/Country of incorporation

Malaysia
Descriptions (Class) Ordinary Shares

Name of registered holder

KONWA INDUSTRIAL SEWING MACHINE (M) SDN. BHD.

Address of registered holder

Lot 11 & 13, Jalan 51/201, Off Jalan Tandang, Seksyen 51, 46050 Petaling Jaya, Selangor, Malaysia
Date of cessation 12 Oct 2020

 

No of securities disposed 7,271,550

Circumstances by reason of which a person ceases to be a substantial shareholder

Disposal of all 7,271,550 shares via direct business transaction
Nature of interest Indirect Interest
Date of notice 15 Oct 2020

Date notice received by Listed Issuer

15 Oct 2020
Comments Off on Notice of Person Ceasing (Section 139 of CA 2016)

Notice of Person Ceasing (Section 139 of CA 2016)

Particulars of Substantial Securities Holder

Name MISS LEE KUAI FONG

Nationality/Country of incorporation

Malaysia
Descriptions (Class) Ordinary Shares

Name of registered holder

KONWA INDUSTRIAL SEWING MACHINE (M) SDN. BHD.
Date of cessation 12 Oct 2020

 

No of securities disposed 7,271,550

Circumstances by reason of which a person ceases to be a substantial shareholder

Disposal of all 7,271,550 shares via direct business transaction
Nature of interest Indirect Interest
Date of notice 15 Oct 2020

Date notice received by Listed Issuer

15 Oct 2020
Comments Off on Notice of Person Ceasing (Section 139 of CA 2016)

Notice of Person Ceasing (Section 139 of CA 2016)

Particulars of Substantial Securities Holder

Name MR LIM CHIN HUA

Nationality/Country of incorporation

Malaysia
Descriptions (Class) Ordinary Shares

Name of registered holder

KONWA INDUSTRIAL SEWING MACHINE (M) SDN. BHD.
Date of cessation 12 Oct 2020

 

No of securities disposed

7,271,550

Circumstances by reason of which a person ceases to be a substantial shareholder

Disposal of all 7,271,550 shares via direct business transaction

Nature of interest

Indirect Interest
Date of notice 15 Oct 2020
Date notice received by Listed Issuer 15 Oct 2020

 

Comments Off on Notice of Person Ceasing (Section 139 of CA 2016)

Notice of Person Ceasing (Section 139 of CA 2016)

Particulars of Substantial Securities Holder

Name KONWA INDUSTRIAL SEWING MACHINE (M) SDN. BHD.
Address Lot 11 & 13, Jalan 51/201
Off Jalan Tandang
Seksyen 51
Petaling Jaya
46050 Selangor
Malaysia.
Company No. 198401012191 (124740-M)

Nationality/Country of incorporation

Malaysia
Descriptions (Class) Ordinary Shares
Name of registered holder KONWA INDUSTRIAL SEWING MACHINE (M) SDN. BHD.

Address of registered holder

Lot 11 & 13, Jalan 51/201, Off Jalan Tandang, Seksyen 51, 46050 Petaling Jaya, Selangor, Malaysia
Date of cessation 12 Oct 2020

 

No of securities disposed 7,271,500

Circumstances by reason of which a person ceases to be a substantial shareholder

Disposal of all 7,271,500 shares via direct business transaction
Nature of interest Direct Interest
Date of notice 15 Oct 2020

Date notice received by Listed Issuer

15 Oct 2020
Comments Off on Notice of Person Ceasing (Section 139 of CA 2016)

Notice of Person Ceasing (Section 139 of CA 2016)

Particulars of Substantial Securities Holder

Name MR TEOH HWA PENG

Nationality/Country of incorporation

Malaysia
Descriptions (Class) Ordinary Shares

Name of registered holder

ANGSANA INAI SDN. BHD.
Date of cessation 12 Oct 2020

 

No of securities disposed

18,411,148

Circumstances by reason of which a person ceases to be a substantial shareholder

Disposal of all 18,411,148 shares via direct business transaction
Nature of interest Indirect Interest
Date of notice 15 Oct 2020

Date notice received by Listed Issuer

15 Oct 2020
Comments Off on Notice of Person Ceasing (Section 139 of CA 2016)

Notice of Person Ceasing (Section 139 of CA 2016)

Particulars of Substantial Securities Holder
Name MADAM TAN SOK GIM
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Name of registered holder ANGSANA INAI SDN. BHD.
Date of cessation 12-Oct-20
No of securities disposed 18,411,148
Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of all 18,411,148 shares via direct business transaction
Nature of interest Indirect Interest
Date of notice 15-Oct-20
Date notice received by Listed Issuer 15-Oct-20
Comments Off on Notice of Person Ceasing (Section 139 of CA 2016)

Notice of Person Ceasing (Section 139 of CA 2016)

Particulars of Substantial Securities Holder
Name ANGSANA INAI SDN. BHD.
Address C-11-8-B, KL Trillion,
No. 338, Jalan Tun Razak,
Kuala Lumpur
50400 Wilayah Persekutuan
Malaysia.
Company No. 201401044053 (1120240-U)
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Name of registered holder ANGSANA INAI SDN. BHD.
Address of registered holder C-11-8-B, KL Trillion,
No. 338, Jalan Tun Razak,
50400 Kuala Lumpur,
Wilayah Persekutuan Kuala Lumpur,
Malaysia.
Date of cessation 12-Oct-20
No of securities disposed 18,411,148
Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of all 18,411,148 shares via direct business transaction
Nature of interest Direct Interest
Date of notice 15-Oct-20
Date notice received by Listed Issuer 15-Oct-20
Comments Off on Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)

Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)

Particulars of substantial Securities Holder

Name WONG SAK KUAN
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares

Details of changes

No Date of change No of securities Type of Transaction Nature of Interest
1 12 Oct 2020 7,271,550 Acquired Direct Interest

Name of registered holder

Wong Sak Kuan

Description of “Others” Type of Transaction

2 12 Oct 2020 18,411,148 Acquired Direct Interest

Name of registered holder

Wong Sak Kuan

Description of “Others” Type of Transaction

 

Circumstances by reason of which change has occurred Acquisition of shares via direct business transaction
Nature of interest Direct Interest
Direct (units) 35,507,898
Direct (%) 33.467
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 35,507,898
Date of notice 13 Oct 2020
Date notice received by Listed Issuer 13 Oct 2020
Comments Off on Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

Particulars of Substantial Securities Holder

Name WONG SAK KUAN

Nationality/Country of incorporation

Malaysia
Descriptions (Class) Ordinary Shares
Name of registered holder Wong Sak Kuan

 

Date interest acquired & no of securities acquired
Date interest acquired 09 Oct 2020
No of securities 4,560,200
Circumstances by reason of which Securities Holder has interest Acquisition of shares via open market and direct business transaction
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 9,825,200
Direct (%) 9.26
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Date of notice 13 Oct 2020
Date notice received by Listed Issuer 13 Oct 2020

 

 

Remarks :
(i) Acquisition of 1,500,000 ordinary shares via open market;

(ii) Acquisition of 2,455,500 ordinary shares via direct business transaction; and

(iii) Acquisition of 604,700 ordinary shares via direct business transaction.

                           ———————————–

                 Total: 4,560,200 ordinary shares

                           ====================

Comments Off on TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description MESB BERHAD (“MESB” OR THE “COMPANY”)

– CONDITIONAL MANDATORY TAKE-OVER OFFER FROM KAF INVESTMENT BANK BERHAD ON BEHALF OF WONG SAK KUAN AND YAU MING TECK (“JOINT OFFERORS”) (OFFERS)

Reference is made to the Company’s announcement dated 12 October 2020 in relation to the Offers (“Announcement”). Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the Announcement.

In accordance with Paragraph 3.06 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions (“Rules”), the Board has appointed DWA Advisory Sdn. Bhd. as the Independent Adviser to advise the non-interested directors and shareholders of MESB on the fairness and reasonableness of the Offers. The appointment is subject to the clearance of eligibility by Securities Commission Malaysia.

The Board also wishes to announce that the Company does not intend to seek an alternative person to make a take-over offer for the Offer Shares and Offer Warrants.

 

This announcement is dated 13 October 2020.

Comments Off on Changes in Sub. S-hldr’s Int (Section 138 of CA 2016)

Particulars of substantial Securities Holder

Name YAU MING TECK
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares

Details of changes

No Date of change No of securities Type of Transaction Nature of Interest
1 12 Oct 2020 3,804,406 Acquired Direct Interest

Name of registered holder

Yau Ming Teck

Description of “Others” Type of Transaction

 

Circumstances by reason of which change has occurred

Acquisition of shares via direct business transaction
Nature of interest Direct Interest
Direct (units) 11,324,206
Direct (%) 10.673

Indirect/deemed interest (units)

0
Indirect/deemed interest (%) 0

Total no of securities after change

11,324,206
Date of notice 13 Oct 2020

Date notice received by Listed Issuer

13 Oct 2020
Comments Off on Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
Particulars of Substantial Securities Holder
Name YAU MING TECK
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Name of registered holder Yau Ming Teck
Date interest acquired & no of securities acquired
Date interest acquired 09-Oct-20
No of securities 2,491,300
Circumstances by reason of which Securities Holder has interest Acquisition of shares via open market and direct business transaction
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 7,519,800
Direct (%) 7.087
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Date of notice 13-Oct-20
Date notice received by Listed Issuer 13-Oct-20
Remarks :
(i) Acquisition of 491,300 ordinary shares via open market; and
(ii) Acquisition of 2,000,000 ordinary shares via direct business transaction.
                           ———————————–
                  Total: 2,491,300 ordinary shares
                          ==============
Comments Off on MESB -Resumption of Trading

MESB -Resumption of Trading

Further to Listing’s Circular No. ILC12102020-00004, kindly be advised that trading in the securities of the above Company will resume with effect from 9.00 a.m., Tuesday, 13 October 2020.

Your attention is drawn to MESB’s announcement dated 12 October 2020.

 

Comments Off on TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
   
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description MESB BERHAD (“MESB” OR THE “COMPANY”)

– RECEIPT OF NOTICE OF CONDITIONAL MANDATORY TAKE-OVER OFFER FROM KAF INVESTMENT BANK BERHAD ON BEHALF OF WONG SAK KUAN AND YAU MING TECK (“JOINT OFFERORS”)

The Board of Directors of MESB (“Board”) wishes to announce that the Board had on 12 October 2020, received a notice of conditional mandatory take-over offer (“Notice“) from KAF Investment Bank Berhad, on behalf of the Joint Offerors, notifying the Board to acquire the following:-

  1. all the remaining ordinary shares in MESB not already owned by the Joint Offerors and such number of new ordinary shares in MESB that may be issued and allotted prior to the closing of the Offer arising from the exercise of the outstanding warrants in MESB (“Offer Shares”); and
  2. all the remaining warrants in MESB not already owned by the Joint Offerors (“Offer Warrants”),

for a cash offer price of RM0.315 per Offer Share and RM0.015 per Offer Warrant (“Offer”).

A copy of the Notice is attached herewith and the same will be posted to all holders of the Offer Shares and Offer Warrants within seven (7) days from the date of this announcement.

This announcement is dated 12 October 2020.

Attachment: MESB – Notice of Conditional Mandatory Take-Over

 

Comments Off on SUSPENSION OF SECURITIES

SUSPENSION OF SECURITIES

MESB BERHAD (“MESB” OR THE “COMPANY”)

– SUSPENSION OF TRADING

The Board of Directors of MESB wished to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved the Company’s request for a suspension of trading of its securities on the Main Market of Bursa Securities from 2.30 p.m. to 5.00 p.m. on Monday, 12 October 2020, pending the release of a material announcement.

The request for suspension is made pursuant to Paragraph 3.1(b) of Practice Note 2 of the Main Market Listing Requirements of Bursa Securities.

 

This announcement is dated 12 October 2020.