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MILUX CORPORATION BERHAD Notice of Interest Sub. S-hldr (29A) MR LOW TUAN LEE

Notice of Interest Sub. S-hldr (29A)
MILUX CORPORATION BERHAD
Particulars of Substantial Securities Holder
Name
MR LOW TUAN LEE
Address
NO. 12, LORONG HUJAN 1, TAMAN OUG, KUALA LUMPU 58200 Wilayah Persekutuan
NRIC/Passport No/Company No.
791001145871
Nationality/Country of incorporation
Malaysia
Descriptions (Class & nominal value)
Ordinary Shares of RM1/-
Name & address of registered holder
UOB Kay Hian Nominees (Tempatan) Sdn. Bhd. for RGF Land Sdn. Bhd.
Level 8, Symphony House,
Pusat Dagangan Dana 1,
Jalan PJU 1A/46,
47301 Petaling Jaya,
Selangor Darul Ehsan
Date interest acquired & no of securities acquired
Currency
Date interest acquired
No of securities
Circumstances by reason of which Securities Holder has interest
Nature of interest
Price Transacted ($$)

Total no of securities after change
Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice


Remarks :
The Company only received the Form 29A dated 4 November 2015 on 13 November 2015.


Announcement Info
Company Name
MILUX CORPORATION BERHAD
Stock Name
MILUX
Date Announced
16 Nov 2015
Category
Notice of Interest of Substantial Shareholders Pursuant to Form 29A
Reference Number
CS1-13112015-00002


Related Announcements


http://www.bursamalaysia.com/market/listed-companies/company-announcements/4920025

19 October 2015 Milux partners RGF for residential development, Genting Malaysia sells land to sister co


Image from Genting Malaysia 2014 Annual Report.

Image from Genting Malaysia 2014 Annual Report.



October 19, 2015:

In two major property transactions, Malaysian companies Milux and Genting Malaysia engaged in a development joint venture and land sale, respectively, with related parties late last week.

Milux in JV with major shareholder to develop housing project
Milux Corp Bhd is partnering RGF Cabaran Sdn Bhd to jointly develop 12 pieces of land measuring 25,832.31 sq m in Bentong, Pahang into a residential property consisting of condominiums.
In a Bursa Malaysia filing, the household appliance manufacturer said its wholly-owned subsidiary, Milux Properties Sdn Bhd has entered into a joint-venture (JV) cum shareholders’ agreement with RGF Cabaran, to form a JV company for the proposed project dubbed "Pentagon Genting Highlands".

Milux Properties will have a 60 per cent stake in the JV company, called Phoenix Pentagon Sdn Bhd, and RGF Cabaran the rest.

RGF Land Sdn Bhd, being the holding company of RGF Cabaran, is the beneficial and registered owner of the 12 pieces of land. RGF Land is also a major shareholder of Milux, with a 13.78 per cent stake.
"In view of the increasingly competitive market in the household appliances industry in which the group operates, the group has identified the JV as a new business opportunity which is expected to provide an additional source of income for the group," Milux said.

The JV and agreement will also allow the group to minimise the financial outlay for this initial diversification exercise and provide the opportunity for the group to participate in future project management contracts secured by RGF Cabaran.

Milux also said the group has the capacity, capabilities and resources to venture into this JV by capitalising on the competency and experience of its group managing director Koh Pee Seng, who has been involved in property development since the 1990.

Genting Malaysia sells Segambut land for $15.6m
Genting Malaysia Berhad (GenM) has sold two pieces of adjoining leasehold land in Segambut as well as the buildings on the land, to Genting Plantations Berhad (GenP) for MYR65.76 million ($15.6 million).


The two companies announced on the local stock exchange that GenM’s unit Genting Highlands Tours and Promotion Sdn Bhd signed a conditional sale and purchase agreement with GenP’s unit Esprit Icon Sdn Bhd for the disposal of the land measuring 380,902 sq ft.

The land sites a single-storey office building, store, workshop and parking yard/garage, all with an estimated age of between 35 and 40 years old.

On the transfer of the properties, Genting Highlands Tours will take tenancy of about 100,500 sq ft of the properties for two years. Rental will be MYR750,000 for the entire term.

Currently, about half of the properties is occupied by the GenM group to house its transport operations and tenanted to a third-party tenant. GenM said the proposed disposal provided an opportunity for the group to unlock the immediate full value of the properties.

Also read:





http://www.dealstreetasia.com/stories/my-dealbook-milux-partners-rgf-for-housing-project-genting-sells-land-to-sister-firm-16163/