Monday, June 2, 2014

Company announcements: Sinarmas Land, Golden Agri-Res, Union Steel, Zagro Asia

Sinarmas Land - Asset Acquisitions and Disposals::DISPOSAL OF SHARES

Announcement Type: Asset Acquisitions and Disposals
Company: SINARMAS LAND LIMITED
Stock Code/Name: A26 - Sinarmas Land

Asset Acquisitions and Disposals::DISPOSAL OF SHARES
Issuer & Securities
Issuer/ ManagerSINARMAS LAND LIMITED
SecuritiesSINARMAS LAND LIMITED - SG1E97853881 - A26
Announcement Details
Announcement Title Asset Acquisitions and Disposals
Date & Time of Broadcast02-Jun-2014 18:52:59
StatusNew
Announcement Sub TitleDISPOSAL OF SHARES
Announcement ReferenceSG140602OTHRVTZH
Submitted By (Co./ Ind. Name)Kimberley Lye Chor Mei
DesignationCompany Secretary
Description (Please provide a detailed description of the event in the box below)The Board of Directors of Sinarmas Land Limited ("SML" and together with its subsidiaries, the "Group") wishes to announce the disposal by SML of 6,457,495 shares and 6,753,844 shares of nominal value of USD1 each representing the entire shareholding of Integrated Investments Ltd ("Integrated") and Solid Growth Investments Ltd ("Solid") (together the "IS Group") respectively (the "Disposal").

The total consideration for the Disposal was USD4,400,000 (equivalent to SGD5,517,600) as determined on a willing buyer willing seller basis, based on the consolidated net tangible asset value of the IS Group and was fully satisfied in cash.

Following the Disposal, Integrated and Solid together with its respective subsidiary, Zhuhai Huafeng Film Co., Ltd and Zhuhai Huafeng Printing Co., Ltd, ceased to be subsidiaries of the Group.

(Note: The amount in SGD equivalent using exchange rate as at 29 May 2014 of USD1 = SGD1.254)

By Order of the Board
SINARMAS LAND LIMITED

Robin Ng Cheng Jiet
Director
2 June 2014



Golden Agri-Res - Asset Acquisitions and Disposals::ACQUISITION OF SHARES

Announcement Type: Asset Acquisitions and Disposals
Company: GOLDEN AGRI-RESOURCES LTD
Stock Code/Name: E5H - Golden Agri-Res

Asset Acquisitions and Disposals::ACQUISITION OF SHARES
Issuer & Securities
Issuer/ ManagerGOLDEN AGRI-RESOURCES LTD
SecuritiesGOLDEN AGRI-RESOURCES LTD - MU0117U00026 - E5H
Announcement Details
Announcement Title Asset Acquisitions and Disposals
Date & Time of Broadcast02-Jun-2014 19:00:09
StatusNew
Announcement Sub TitleACQUISITION OF SHARES
Announcement ReferenceSG140602OTHR80X4
Submitted By (Co./ Ind. Name)Kimberley Lye Chor Mei
DesignationDirector, Corporate Secretarial
Description (Please provide a detailed description of the event in the box below)The Board of Directors of Golden Agri-Resources Ltd ("GAR" and together with its subsidiaries, the "Group") wishes to announce the acquisition by the Group of:-

(1) PT SINARMAS DISTRIBUSI NUSANTARA ("SDN")

120,000 shares of nominal value of IDR1,000,000 each ("SDN Shares") representing the entire shareholding of SDN (formerly known as PT Intermas Tata Trading) (the "SDN Acquisition"), for a total consideration of approximately IDR168 billion (equivalent to approximately USD15.1 million) (the "SDN Consideration").

The SDN Consideration was determined based on a willing buyer willing seller basis, after taking into account a recently commissioned independent valuation where the fair value placed on the SDN Shares was approximately IDR192 billion (equivalent to approximately USD17.3 million) based on the Discounted Cash Flow and Adjusted Book Value Methods.

The SDN Consideration was fully settled in cash from internal resources.

The principal activity of SDN is that as distributor of fast moving consumer products.

Following the SDN Acquisition, SDN together with its subsidiary, PT Kreasi Mas Indah, became subsidiaries of the Group.

(2) INTEGRATED INVESTMENTS LTD ("INTEGRATED") and SOLID GROWTH INVESTMENTS LTD ("SOLID")

6,457,495 shares and 6,753,844 shares of nominal value of USD1 each representing the entire shareholding of Integrated and Solid (together the "IS Group") respectively (the "Acquisition").

The total consideration for the Acquisition was USD4,400,000 as determined on a willing buyer willing seller basis, based on the consolidated net tangible asset value of the IS Group, and was fully settled in cash from internal resources.

The principal activity of Integrated and Solid is that of investment holding.

Following the Acquisition, Integrated and Solid together with its respective subsidiary, Zhuhai Huafeng Film Co., Ltd and Zhuhai Huafeng Printing Co., Ltd, became subsidiaries of the Group.

(Note: The amount in USD equivalent using exchange rate as at 30 May 2014 of IDR1 to USD 0.00009)

By Order of the Board
GOLDEN AGRI-RESOURCES LTD

Rafael Buhay Concepcion, Jr.
Director
2 June 2014



Union Steel - Disclosure of Interest/ Changes in Interest

Announcement Type: Disclosure of Interest/ Changes in Interest
Company: UNION STEEL HOLDINGS LIMITED
Stock Code/Name: V69 - Union Steel

Disclosure of Interest/ Changes in Interest of Director/Chief Executive Officer::Notification Form for Director in Respect of Interest in Securities
Issuer & Securities
Issuer/ ManagerUNION STEEL HOLDINGS LIMITED
SecuritiesUNION STEEL HOLDINGS LIMITED - SG1S05926369 - V69
Announcement Details
Announcement Title Disclosure of Interest/ Changes in Interest of Director/Chief Executive Officer
Date & Time of Broadcast02-Jun-2014 18:49:24
StatusNew
Announcement Sub TitleNotification Form for Director in Respect of Interest in Securities
Announcement ReferenceSG140602OTHRGJUO
Submitted By (Co./ Ind. Name)Ang Yu Seng
DesignationExecutive Director and Chief Executive Officer
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)Please refer to the attached.
Additional Details
Person(s) giving noticeDirector/Chief Executive Officer who may also be a substantial shareholder/unitholder (Form 1)
Date of receipt of notice by Listed Issuer30/05/2014
Attachments
FORM 1 - AYC 300514.pdf
if you are unable to view the above file, please click the link below.
_FORM 1 - AYC 300514.pdf
Total size =140K



Zagro Asia - Disclosure of Interest/ Changes in Interest

Announcement Type: Disclosure of Interest/ Changes in Interest
Company: ZAGRO ASIA LIMITED
Stock Code/Name: Z01 - Zagro Asia

Disclosure of Interest/ Changes in Interest of Director/Chief Executive Officer::DISCLOSURE OF INTEREST/ CHANGES IN INTEREST OF DIRECTOR/ CHIEF EXECUTIVE OFFICER
Issuer & Securities
Issuer/ ManagerZAGRO ASIA LIMITED
SecuritiesZAGRO ASIA LIMITED - SG1C95016004 - Z01
Announcement Details
Announcement Title Disclosure of Interest/ Changes in Interest of Director/Chief Executive Officer
Date & Time of Broadcast02-Jun-2014 17:21:27
StatusNew
Announcement Sub TitleDISCLOSURE OF INTEREST/ CHANGES IN INTEREST OF DIRECTOR/ CHIEF EXECUTIVE OFFICER
Announcement ReferenceSG140602OTHRYFU5
Submitted By (Co./ Ind. Name)POH BENG SWEE
DesignationCHAIRMAN
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)Please refer to the attachment.
Additional Details
Person(s) giving noticeDirector/Chief Executive Officer who may also be a substantial shareholder/unitholder (Form 1)
Date of receipt of notice by Listed Issuer02/06/2014
Attachments
FORM1_POH_2_JUNE_14_FINAL.pdf
if you are unable to view the above file, please click the link below.
_FORM1_POH_2_JUNE_14_FINAL.pdf
Total size =139K



Zagro Asia - Disclosure of Interest/ Changes in Interest

Announcement Type: Disclosure of Interest/ Changes in Interest
Company: ZAGRO ASIA LIMITED
Stock Code/Name: Z01 - Zagro Asia

Disclosure of Interest/ Changes in Interest of Director/Chief Executive Officer::DISCLOSURE OF INTEREST/ CHANGES IN INTEREST OF DIRECTOR/ CHIEF EXECUTIVE OFFICER
Issuer & Securities
Issuer/ ManagerZAGRO ASIA LIMITED
SecuritiesZAGRO ASIA LIMITED - SG1C95016004 - Z01
Announcement Details
Announcement Title Disclosure of Interest/ Changes in Interest of Director/Chief Executive Officer
Date & Time of Broadcast02-Jun-2014 17:19:36
StatusNew
Announcement Sub TitleDISCLOSURE OF INTEREST/ CHANGES IN INTEREST OF DIRECTOR/ CHIEF EXECUTIVE OFFICER
Announcement ReferenceSG140602OTHR20FO
Submitted By (Co./ Ind. Name)POH BENG SWEE
DesignationCHAIRMAN
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)Please refer to the attachment.
Additional Details
Person(s) giving noticeDirector/Chief Executive Officer who may also be a substantial shareholder/unitholder (Form 1)
Date of receipt of notice by Listed Issuer02/06/2014
Attachments
FORM1_DOLLY_2_JUNE_14_FINAL.pdf
if you are unable to view the above file, please click the link below.
_FORM1_DOLLY_2_JUNE_14_FINAL.pdf
Total size =139K



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