【KIANJOO 3522 交流专区】建裕珍厂

icy97

EX-date	22/04/2014
Entitlement date	24/04/2014
Entitlement time	04:00:00 PM
Entitlement subject	Special Dividend
Entitlement description	Special tax exempt (single-tier) dividend of 15% (3.75 sen per share)
Period of interest payment	to
Financial Year End	31/12/2013
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Boardroom Corporate Services (KL) Sdn Bhd Lot 6.05, Level 6, KPMG Tower 8 First Avenue, Bandar Utama 47800 Petaling Jaya Selangor Darul Ehsan Malaysia
Payment date	06/05/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	24/04/2014
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in percentage (%)	15

icy97

大股东14.6亿全购 建裕每股回退RM3.30

财经新闻 财经  2014-03-25 08:22
（吉隆坡24日讯）建裕珍厂（KIANJOO，3522，主板工业产品股）与大股东AspireInsight签约，脱售旗下所有资产和债务，并进行资本削减和回退行动，股东可获每股至少3.30令吉现金。

建裕珍厂向马交所报备，与Aspire Insight签署3份合约，以14亿6575万3693令吉，脱售旗下业务、产业和资产。

完成脱售后，建裕珍厂将通过资本削减与回退，派发脱售所得予所有股东；依据建裕珍厂截至去年11月21日的缴足资本，宣布每股可获至少3.30令吉。

完成脱售和资本削减与回退后，建裕珍厂将从马交所除牌。

Aspire Insight是去年11月献购建裕珍厂所有资产和债务。

Aspire Insight大股东为公积金局独资子公司———Ekuiti Merdu私人有限公司，以及建裕珍厂执行董事徐启良持有的Alleyways私人有限公司。

早前，丰田通商（Toyota Tsusho）也建议出价每股3.74令吉，向潜在伙伴收购建裕珍厂51%股权；建裕珍厂随后婉拒丰田通商，并强调没资格考虑收购献议。【南洋网财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	KIAN JOO CAN FACTORY BERHAD (“KIAN JOO” OR “THE COMPANY”) (I)        PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKING, INCLUDING ALL OF THE ASSETS AND LIABILITIES OF KIAN JOO TO ASPIRE INSIGHT SDN BHD (“ASPIRE”) FOR A TOTAL CONSIDERATION OF RM1,465,753,693 WHICH TRANSLATES TO APPROXIMATELY RM3.30 PER ORDINARY SHARE OF RM0.25 EACH IN KIAN JOO (“PROPOSED DISPOSAL”); AND (II)        PROPOSED DISTRIBUTION OF THE PROCEEDS ARISING FROM THE PROPOSED DISPOSAL TO ALL ENTITLED SHAREHOLDERS OF KIAN JOO IN CASH AT NOT LESS THAN RM3.30 PER ORDINARY SHARE OF RM0.25 EACH IN KIAN JOO VIA PROPOSED CAPITAL REDUCTION AND REPAYMENT EXERCISE IN ACCORDANCE WITH SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED PROCEEDS DISTRIBUTION”)
We refer to the announcements made on 26 November 2013, 5 December 2013, 6 December 2013, 9 December 2013, 10 December 2013, 10 January 2014, 29 January 2014, 21 February 2014 and 13 March 2014. On behalf of the Board of Directors of Kian Joo, MIDF Amanah Investment Bank Berhad wishes to announce that Kian Joo has entered into a Business Sale Agreement, Properties Sale Agreements and Assets Sale Agreement with Aspire today in relation to the Proposed Disposal. Upon completion of the Proposed Disposal, Kian Joo will undertake a capital repayment exercise to return the cash proceeds arising from the Proposed Disposal to the shareholders via the Proposed Proceeds Distribution. Please refer to attachment for the details of the Proposals. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1574549

Attachments Kian Joo - Announcement (Final).pdf

icy97

献购方胜券在握　建裕珍將步入歷史

财经 2014年3月25日
（吉隆坡25日讯）建裕珍厂（KianJoo，3522，主板工业股）与Aspire Insight签署正式协议，让困扰该公司已久的课题，终於接近尾声。

完成收购之后，建裕珍厂预料將除牌，这家在交易所上市30年的老字號將步入歷史。       

隨著公司董事局同意这项献购计划，双方於昨日签署业务脱售协议，房產脱售协议以及资產脱售协议。

有关行动也意味著，该公司董事局已经完全排除丰田通商早前提出，以每股3.74令吉，收购建裕珍厂51%股权的献议。

Aspire早前宣布，取消公司若派发股息將调整献购价的条款，这也等於变相的提高献购价。

献购价格维持在每股3.30令吉，加上，每股6.25仙的股息，每股实际可获得的献购价是3.36令吉。

大眾投行分析员相信，这项收购將会顺利完成，献购方相信已经胜券在握。

分析员指出，由於献购方看来已经不可能再提高价格，因此，他將该股的投资评级下调至「中和」，以反映股价有限的上涨空间。

目標价也从之前的3.52令吉，调低至3.30令吉，也就是目前的献购价水平。

建裕珍厂预计將把所有14亿7000万令吉的现金收益，回退给股东。配合这项行动，该公司將会进行一项红股计划，通过资本化保留盈利及股票溢价户头，发出54亿2000万股，在进行资本回退时，再取消这些股票。

在完成业务脱售协议之后，Aspire將间接持有大马纸盒厂（BoxPak，6297，主板工业股）54.83%的股权，因此，必须展开强制性全面收购大马纸盒厂其余的股票。

Aspire並没有提到收购价，不过，分析员则相信，应该不会和目前的市价相距太远。

董事局也表明，无意保留建裕珍厂的上市地位。

建裕珍厂今日涨4仙，收在3.34令吉，成交量有1499万股。其大股东冠旺集团（CanOne，5105，主板工业股）则跌1仙，至3.16令吉，成交量为49万股。

而大马纸盒厂则全天无交易。【东方网财经】

icy97

玉楼金阙：建裕珍厂纠纷不断‧陈金阙

财经 评论 玉楼金阙  2014-03-26 12:23
小股东告诉我，建裕珍厂（KIANJOO）是一只令小股东又爱又恨的股票。我深有同感，因为我也是小股东之一。

早在我成为小股东之前，就已耳闻这家公司的董事纷争，或者该说，施氏大股东过世之后，其后人分成两派，为了继承股权争吵不休。

于是，每年冗长的股东大会除了聚焦在公司业务，股权的口舌之争也占了不少时间。

所幸大股东的不和，并不至于败坏他们的祖业，十多廿年下来，公司仍然办到有声有色，隐隐然是业界的一哥，因此，我也买了少许，希望向专业管理层学习及获益。

在几年前，股权纷争再次带上法庭，被公开招标，结果被冠旺（CANONE）冷手捡到热煎堆，以1.65令吉买到32.9%建裕珍厂股权，这是2009年的事。

业绩逐年强化

之后失败的施家后人就扛上了冠旺。

在打了3年的官司，2012年，法庭才宣判冠旺胜诉，此时，建裕珍厂的股价已上涨到2.20令吉。

小股东以为接踵而来的是全购，不过冠旺似乎不急着增加股权，因为它已是单一最大股东了。

这当中，施氏当权时建议的红股和配售凭单被一一搁置。

不过，公司从2011年开始，每年50%股息（12.5仙，分两次派发）从无中断，大体上敌我双方虽然壁垒分明，却都不会拒绝从公司汲取适当的利益来充实自己的粮草和弹药。

而对冠旺来说，其收购成本随着股息相对的降低，十分值得。

小股东等不到一个很好的献购价，但也不可能以1.65令吉卖出，只有耐心的等待，尚幸公司业绩越来越好。

建裕珍厂股价也有所表现，12.5仙的周息率约是5-6%，还算不错。

不考虑其他献议

但是，大家也知道，如果不是股东纷争，以近年来消费股项表现出色，建裕珍厂早已攀上另一个高峰，不至于在10-12倍的本益比浮动。

甚至是冠旺股价也被它连累，纳入建裕珍厂业绩，其本益比只在6-8倍左右，2012年的盈利拜建裕珍厂的收购盈余所赐，每股盈利更是高达1.12令吉，股价虽然大有提高，却还不到合理价格。

令小股东大为不满的是，冠旺竟出了一招金蝉脱壳，在2013年11月，其执行董事徐启良辞去职位，和公积金局成立ASPIREINSIGHT，联手献购建裕珍厂，出价3.30令吉。

不考虑TTC献议

不过献议价不吸引人，因为之前一个月，建裕珍厂股价已到3.20令吉，看来会遇到施家和小股东的阻挠。

在大家猜测徐启良和公积金局如何出奇制胜，横里杀出了个程咬金，让小股东感到惊喜：来自日本的丰田富通（TTC）愿意考虑出价高达3.74令吉，如果建裕珍厂通过其精密审核。

几天后，建裕珍厂的董事局认为他们不能考虑TTC的献议，同时很不客气的要求TTC“参考有关于上市公司的收购条例”才来谈判，看来他们是很“认真”的考虑徐启良和公积金局的献议了。

不但如此，公司更在3月24日宣布，和ASPIRE INSIGHT签了买卖合约。

合约一签，公司将不和其他献议者谈判，同时也限制了未来的股息，看来，董事局抢在股东大会之前，和小股东及施家对上了。

（待续）

陈金阙 专业财务规划师

【南洋网财经】

icy97

KIAN JOO CAN FACTORY BERHAD

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	IJ-140326-62095
Subject	PROPOSED MAJOR DISPOSAL AND PROPOSED DISTRIBUTION
Description	KIAN JOO CAN FACTORY BERHAD ("KIAN JOO" OR THE "COMPANY") REPLY TO QUERY IN RELATION TO THE PROPOSED MAJOR DISPOSAL AND PROPOSED DISTRIBUTION
(Unless otherwise defined, all terms used in this announcement have the same meaning ascribed in the announcement dated 24 March 2014) Reference is made to the query letter from Bursa Malaysia Securities Berhad dated 26 March 2014, which we received on 27 March 2014 in respect of the Company's announcement dated 24 March 2014 ("Announcement") in relation to the above. On behalf of Kian Joo, we are pleased to furnish the additional information as requested: 1.        We wish to inform that all the agreements namely BSA, PSA and ASA, collectively referred to as the “Agreements” are dated 24 March 2014. 2.        All conditions precedent to the BSA have been set out in Section 2.1 of the Announcement. For clarity, please be informed that the parties have entered into 11 PSAs relating to the transfer of properties owned by Kian Joo to Aspire. Of the 11 PSAs, the terms and conditions contained in the PSAs are identical (save for the property involved) (“Identical PSAs”) except one which requires the consent of the State Authority for the transfer contemplated therein (“Non-Identical PSA”). For the conditions precedent/salient terms of the PSAs (including the Identical PSAs and Non-Identical PSA) and ASA, please refer to Appendix I. 3.        The approvals required for the Proposed Disposal has been set out in Section 8 of the Announcement. The regulatory bodies which approvals required are: (i)        MITI (ii)        State Authority (relating to the transfer of property) (iii)        Management Board of Vietnam Singapore Industrial Park is required for the transfer of shares in Kian Joo’s subsidiary in Vietnam namely Kian Joo Can (Vietnam) Co., Ltd. to Aspire. 4.        We understand from Aspire that the pricing for the mandatory general offer (“MGO”) of Box-Pak (Malaysia) Berhad will be fixed in accordance with the provisions of the Malaysian Code on Take-Overs and Mergers, 2010. For illustration purposes, assuming an indicative issue price of RM2.29, which is calculated based on twenty (20)-day volume weighted average market prices of Kian Joo preceding the Offer by Aspire to Kian Joo. 5.        The price-earnings ratio and price-to-book ratio are 12.39 times and 1.41 times based on the EPS of 26.64 sen and NA per share of RM2.34 as at FYE 31 December 2013 respectively. 6.        Kindly refer to Appendix II. 7.        Kindly refer to Appendix II. 8.        Kindly refer to Appendix II. 9.        Kindly refer to Appendix II. 10.        Kindly refer to Appendix III. 11.        Kindly refer to Appendix III. 12.        The clarification, if any from Mr See Teow Koon will be provided in the Circular to be despatched to the shareholders of Kian Joo in due course. The Board’s view on the Aspire’s proof of fund has been set out in Section 17 of the Announcement. 13.        Mr. Chee Khay Leong and Can One Berhad are not deemed as “person connected” pursuant to Paragraph 1.01 of the Main Market Listing Requirements (“Paragraph 1.01”) because they do not fall within any of the subsections set out under the definition of “person connected” in Paragraph 1.01. 14.        The non-binding Letter of Interest (“LOI”) from Toyota Tsusho Corporation is for the ordinary shares of Kian Joo. Kian Joo does not own those shares, hence it is not in a position to consider the LOI. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1579773

Attachments APPENDICES.pdf

icy97

講心不講金

2014-03-30 19:51      
眼見“搶婚者”即將迎頭趕上，早與Aspire Insight公司情投意合的建裕珍廠快馬加鞭步入教堂行禮，達成一筆逾14億令吉的交易。

可是，不等日本汽車鉅子豐田集團旗下豐田通商（Toyota Tsusho）的正式“提親”，即急忙宣佈接受Aspire Insight公司的獻議，會否顯得有點草率，更何況“聘金”還更高呢？

既然有更高的價碼，何不稍等一會兒，再作考慮呢？這是大家都很好奇的一點。

豐田通商提出的每股3令吉74仙，比Aspire Insight的3令吉30仙出價整整高出13.33%，或反映建裕珍廠的潛在價值更高，況且論財力及實力，豐田通商一點也不遜色。

而且建裕珍廠更能順勢要求Aspire Insight提高出價，否則不賣！

豐田通商早前在致給建裕珍廠的信函中提到，在掌握了建裕珍廠的背景及財務狀況後而萌生收購念頭，並有意與建裕珍廠管理層展開詳盡的洽談。

雖然大股東可全面脫手建裕珍廠股權予Aspire Insight，而不像豐田通商僅要求51%股權，但即使如此，也已觸及33%全購門檻，豐田通商最終還是得全購餘下股權。

為此，股權脫售的多寡，其實並不是最大問題，董事部成員本身的意願，看來顯得更為重要。

除了涉及利益關係的首席營運員徐啟良棄權，加上持反對票的施朝根，其他董事部成員表示接受Aspire Insight的獻議；Aspire Insight是由徐啟良及公積金局（EPF）組成的聯營公司。

此前有消息稱施氏家族對獻購案大為不滿，如今除了施朝根反對，其他兩名家族成員施朝全及施朝期都表示贊同，這結果倒令人感到頗為意外。

值得一提的是，冠旺（CANONE，5105，主板工業產品組）於2009年2月以每股1令吉65仙，收購建裕珍廠的32.9%股權後，即與建裕珍廠創辦人施氏家族爆發衝突，並捲入長達3年的官司糾紛。

而徐啟良正是當時冠旺首席營運員兼執行董事，如今兜兜轉轉，建裕珍廠還是落入徐啟良的手中。

事過境遷，近20年的家族恩怨，隨著施氏家族出清建裕珍廠股權，除了為這場家庭紛爭劃上休止符，也令建裕珍廠這“老字號”走入馬股的歷史隧道。（星洲日報／投資致富‧投資茶室：李永權）

icy97

KIAN JOO CAN FACTORY BERHAD

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	IJ-140331-55926
Subject	PROPOSED MAJOR DISPOSAL AND PROPOSED DISTRIBUTION
Description	KIAN JOO CAN FACTORY BERHAD ("KIAN JOO" OR THE "COMPANY") REPLY TO QUERY IN RELATION TO THE PROPOSED MAJOR DISPOSAL AND PROPOSED DISTRIBUTION
(Unless otherwise defined, all terms used in this announcement have the same meaning ascribed in the announcement dated 24 March 2014) Reference is made to the query letter from Bursa Malaysia Securities Berhad dated 1 April 2014 in respect of the Company's announcement dated 28 March 2014 in relation to the ab ove. On behalf of Kian Joo, we are pleased to furnish the additional information as requested: 1.        The clarification, if any from Mr See Teow Koon will be provided in the Circular to be despatched to the shareholders of Kian Joo in due course. The Board has expressed that the Disposal Consideration has been deliberated and the Board agreed to accept the Offer made by Aspire as in the announcement dated 10 January 2014. The Board’s view on the Aspire’s proof of fund has been set out in Section 17 of the announcement dated 24 March 2014. 2.        Of the 30* properties set out in the 2013 Annual Report: (a) 12 are owned by Kian Joo (“KJ Properties”); (b) 2 are owned by Federal Metal Printing Factory Sdn Bhd (“FMPF Properties”); and (c) 16 are owned by other subsidiaries of Kian Joo (“Subsidiaries’ Properties”). Note: *        1 of the 31 properties set out in the 2013 Annual Report has been disposed off and therefore, the number of properties to date is 30. There is no transfer of ownership of the Subsidiaries’ Properties as it would be the shares of the subsidiaries that will be transferred to Aspire. Therefore, no PSA was entered between Kian Joo and Aspire relating to the Subsidiaries’ Properties. The 11 PSAs entered into between Kian Joo and Aspire are in respect of the KJ Properties and FMPF Properties, details of which are set out below. For convenience, the PSAs will be referred to as PSA 1 to 11 below. Agreement Property (title details) Explanation PSA 1 GRN 128811, Lot 10615, Mukim of Setul, District of Seremban, State of Negeri Sembilan This is disclosed as 1 property in 2013 Annual Report PSA 2 GRN 128860, Lot 10666, Mukim of Setul, District of Seremban, Negeri Sembilan This is disclosed as 1 property in 2013 Annual Report GRN 128861, Lot 10667, Mukim of Setul, District of Seremban, Negeri Sembilan This is disclosed as 1 property in 2013 Annual Report PSA 3 GRN 128887, Lot 10696, Mukim of Setul District of Seremban, Negeri Sembilan Darul This is disclosed as 1 property in 2013 Annual Report PSA 4 GRN 222587, Lot 23, City of Selayang, District of Gombak, Selangor This is disclosed as 1 property in 2013 Annual Report GRN 222588, Lot 24, City of Selayang, District of Gombak, Selangor GRN 222589, Lot 25, City of Selayang, District of Gombak, Selangor GRN 222590, Lot 26, City of Selayang, District of Gombak, Selangor PSA 5 HS(D) 16415, PT, City of Shah Alam, District of Petaling, Selangor This is disclosed as 1 property in 2013 Annual Report PSA 6 PT 33675 (H.S.(D) 26685), Mukim of Batu, District of Gombak, Selangor This is disclosed as 1 property in 2013 Annual Report PSA 7 HS(D) 54826, PT 15637, Mukim of Petaling, District of Petaling, State of Selangor This is disclosed as 1 property in 2013 Annual Report PSA 8 HS(D) 172527, PT, City of Shah Alam, District of Petaling, Selangor This is disclosed as 1 property in 2013 Annual Report PSA 9 PTD 62907 (H.S.(D) 187255), Mukim of Tebrau, District of Johor Bahru This is disclosed as 1 property in 2013 Annual Report PTD 62908 (H.S.(D) 187256), Mukim of Tebrau, District of Johor Bahru PSA 10 GRN. 258, Lot 44720, Mukim of Batu, District of Gombak, Selangor This is disclosed as 1 property in 2013 Annual Report PSA 11 GRN 260, Lot 44722, Mukim of Batu, District of Gombak, Selangor This is disclosed as 1 property in 2013 Annual Report GRN 261, Lot 44723, Mukim of Batu, District of Gombak, Selangor This is disclosed as 1 property in 2013 Annual Report GRN 262, Lot 44724, Mukim of Batu, District of Gombak, Selangor This is disclosed as 1 property in 2013 Annual Report TOTAL 14 3.        The pricing for the mandatory general offer (“MGO”) for Box-Pak (Malaysia) Berhad (“Box-Pak”) will be fixed in accordance with Paragraph 1.7 of Practice Note 21 of the Malaysian Code on Take-Overs and Mergers, 2010 (“Code”), attached as Appendix I. In accordance with the aforementioned provisions of the Code, the indicative issue price of RM2.29 was calculated based on the volume weighted average market price of Box-Pak for the last 20 market days prior to the Offer by Aspire to Kian Joo on 26 November 2013. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1583261

Attachments Appendix I.pdf

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	KIAN JOO CAN FACTORY BERHAD ("KIAN JOO" OR THE "COMPANY") (I) PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKING, INCLUDING ALL OF THE ASSETS AND LIABILITIES OF KIAN JOO TO ASPIRE INSIGHT SDN BHD (“ASPIRE”) FOR A TOTAL CONSIDERATION OF RM1,465,753,693 WHICH TRANSLATES TO APPROXIMATELY RM3.30 PER ORDINARY SHARE OF RM0.25 EACH IN KIAN JOO (“PROPOSED DISPOSAL”); AND (II) PROPOSED DISTRIBUTION OF THE PROCEEDS ARISING FROM THE PROPOSED DISPOSAL TO ALL ENTITLED SHAREHOLDERS OF KIAN JOO IN CASH AT NOT LESS THAN RM3.30 PER ORDINARY SHARE OF RM0.25 EACH IN KIAN JOO VIA PROPOSED CAPITAL REDUCTION AND REPAYMENT EXERCISE IN ACCORDANCE WITH SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED PROCEEDS DISTRIBUTION”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
(Unless otherwise defined, all terms used in this announcement have the same meaning ascribed in the announcement dated 24 March 2014) Reference is made to the announcements dated 28 March 2014 and 1 April 2014 in relation to replies to query letters from Bursa Malaysia Securities Berhad dated 26 March 2014 and 1 April 2014. On behalf of Kian Joo, we wish to announce the following: (i)        The nineteen (19) pieces of properties which are registered under the subsidiaries and joint venture of Kian Joo in addition to the twelve (12) pieces of properties held directly by Kian Joo. Ultimately, the thirty one (31) pieces of properties which are held directly or indirectly by Kian Joo will be owned directly or indirectly by Aspire pursuant to the Proposed Disposal; and (ii)        The pricing for the mandatory general offer (“MGO”) for Box-Pak (Malaysia) Berhad ("Box-Pak"). Please refer to attachment for the details. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1588237

Attachments Attachment.pdf

icy97

Aspire Insight 每股RM3.3献购 建裕珍厂5·23特大表决

财经新闻 财经  2014-04-17 12:15
（八打灵再也16日讯）建裕珍厂（KIANJOO，3522，主板工业产品股）股东高度关注Aspire Insight献购，在今天历时4小时的大会上，不断向董事部提问。

质疑拒丰田献议原因

建裕珍厂总财务长黄德发在股东大会后向媒体指出，5月23日（周五）将召开股东特别大会（EGM），让小股东决定是否接受Aspire Insight全面献购。

根据出席大会的小股东透露，他们关注为何董事部决定与AspireInsight签署相关合约，以及拒绝丰田通商（Toyota Tsusho）提出更高价的献议。

去年11月杪，Aspire Insight建议以14亿6575万3693令吉，或相等于每股3.30令吉价格，献购建裕珍厂所有资产和债务。

Aspire Insight大股东为雇员公积金局（EPF）独资子公司Ekuiti Merdu私人有限公司，以及建裕珍厂执行董事徐启良持有的Alleyways私人有限公司。

而之后，丰田通商提出每股3.74令吉收购建裕珍厂51%股权的献议，不过，建裕珍厂随后婉拒丰田通商。

“超市”妙喻献购

对于小股东疑问，黄德发以“超级市场”妙喻整起献购事件。

他说：“打个比方，建裕珍厂是一间超级市场，Aspire Insight前来向超市经理表示有兴趣购买超市的全部货品，经理当然乐于交易。

“但丰田通商的情况则不同，该公司向超市经理表示要收购超市的51%股权，试问经理哪有权力答应他的要求呢？这当然要询问拥有者（股东）的同意！”

黄德发指出，自从建裕珍厂拒绝丰田通商的美意，并要求对方提供更完善的资料后，便不再接获对方的第二次献议。

他强调，迄今，建裕珍厂仅接获Aspire Insight的献购计划。

商讨重估资产

询及若在下个月杪举行特大之前，获得其他公司提出更好的献购计划，那么建裕珍厂会否重新考虑时，黄德发说：“只要有更好的献购计划，董事部必定会精密审核，确保为股东争取最佳交易。

“我们欢迎任何单位提出献购，至于卖或不卖，最终决定权落在股东手中，而不是董事部。”

建裕珍厂也将在特大探讨脱售所有资产与负债一事，也将讨论公司资产重新估值事宜。

施朝根遭拉下马

继建裕珍厂子公司———大马纸盒厂（BOXPAK，6297，主板工业产品股）前董事经理拿督施朝源寻求连任董事职务失败后，其胞弟施朝根今日同样难逃被拉下马的命运。

根据建裕珍厂股东大会结果，66%出席股东反对重新委任施朝根为董事，其他12项议程则全获股东放行。

挑战投票股东

询及股东投反对票的原因时，黄德发婉转地回应：“股东只是行使他们的权利。”

另外，对于遭股东反对连任的施朝源，则表示将通过法律途径，挑战建裕珍厂董事经理杨锦和使用“有缺陷”的证书委任代表，在大马纸盒厂昨日举行的股东常年大会上投票。

冠旺（CANONE，5105，主板工业产品股）持有建裕珍厂的32.9%股权，为后者的单一大股东，而杨锦和则是冠旺大股东。【南洋网财经】

icy97

KIAN JOO CAN FACTORY BERHAD

Date of change	16/04/2014
Name	See Teow Koon
Age	64
Nationality	Malaysian
Type of change	Retirement
Designation	Director
Directorate	Executive
Qualifications	Technical studies in Singapore Institute of Technology
Working experience and occupation	He has over 46 years of experience in the packaging industry in particular metal printing and can manufacturing of 3-piece and 2-piece aluminium cans. He completed his technical studies in Singapore Institute of Technology and in 1967, he furthered his studies in Japan specialising in metal printing and can manufacturing. Subsequently in 1970, he was appointed Factory Manager of the Company.
Directorship of public companies (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	See Teow Koon is the brother of Executive Director, Dato’ Anthony See Teow Guan.
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Interest in securities of the Company Direct Interest : 2,032,855 ordinary shares of RM0.25 each Indirect Interest : 464,735 ordinary shares of RM0.25 each

Type of Meeting	AGM
Indicator	Outcome of Meeting
Date of Meeting	16/04/2014
Time	10:00 AM
Venue	Ballroom I and II Tropicana Golf and Country Resort Club Jalan Kelab Tropicana 47410 Petaling Jaya Selangor Darul Ehsan Malaysia
Outcome of Meeting	Please refer to the attachment below for details of the announcement.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1595853 Attachments Kian Joo - Outcome of General Meeting (16 Apr 14).pdf

icy97

施朝源表态 反对售建裕珍厂

二零一四年四月十八日 凌晨一时二十九分
（吉隆坡17日讯）建裕珍厂有限公司（KIANJOO，3522，工业产品组）执行董事拿督施朝源表示他已改变主意，由于获得丰田通商机构的献议，现他将反对出售建裕珍厂予Aspire Insight私人有限公司。

在致给大马交易所的一项声明中，建裕珍厂宣布：“施朝源现在已表明反对建议中脱售。施氏的原因是基于接获丰田通商的意愿函件而改变决定。”

建裕珍厂称，除了意向书外，它还没有获得丰田通商针对融资证明和其他标准文件作出的回应。

丰田通商的献议比Aspire Insight高出13.3%，每股最高出价为3.74令吉，比较后者只有3.30令吉。

施朝源今日的宣布，将意味着Aspire Insight建议中收购面对更大障碍。Aspire Insight是由雇员公积金局与徐启良联合拥有，徐启良也是建裕珍厂首席营运员兼执行董事。

有关建议中收购的特别大会将于5月召开，这项建议把建裕珍厂全部资产与负债评值为14亿7000万令吉，或每股3.30令吉。

Aspire Insight将需要75%的出席和投票率，以落实该交易。【光华日报财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	KIAN JOO CAN FACTORY BERHAD (“KIAN JOO” OR “THE COMPANY”) (I)        PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKING, INCLUDING ALL OF THE ASSETS AND LIABILITIES OF KIAN JOO TO ASPIRE INSIGHT SDN BHD (“ASPIRE”) FOR A TOTAL CONSIDERATION OF RM1,465,753,693 WHICH TRANSLATES TO APPROXIMATELY RM3.30 PER ORDINARY SHARE OF RM0.25 EACH IN KIAN JOO (“PROPOSED DISPOSAL”); AND (II)        PROPOSED DISTRIBUTION OF THE PROCEEDS ARISING FROM THE PROPOSED DISPOSAL TO ALL ENTITLED SHAREHOLDERS OF KIAN JOO IN CASH AT NOT LESS THAN RM3.30 PER ORDINARY SHARE OF RM0.25 EACH IN KIAN JOO VIA PROPOSED CAPITAL REDUCTION AND REPAYMENT EXERCISE IN ACCORDANCE WITH SECTION 64 OF THE COMPANIES ACT, 1965 (“PROPOSED PROCEEDS DISTRIBUTION”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
We refer to the announcements made on 26 November 2013, 5 December 2013, 6 December 2013, 9 December 2013, 10 December 2013, 10 January 2014, 29 January 2014, 19 February 2014, 21 February 2014, 13 March 2014, 24 March 2014, 28 March 2014, 1 April 2014 and 7 April 2014. Kian Joo wishes to announce that Dato’ Anthony See Teow Guan (“Dato’ Anthony See”) has declared that he is now against the Proposed Disposal. Dato’ Anthony See’s reason for the change of decision is in light of the letter of interest that was received from Toyota Tsusho Corporation. This announcement is dated 17 April 2014.

icy97

施氏一搏

2014-04-20 19:51      
施氏一搏上週三，建裕珍廠（KIANJOO，3522，主板工業產品組）股東大會上，首席財務員黃德發釋出Aspire Insight公司收購尚未成定局的澄清，這一切還交由全體股東於下月23日股東特大作出決定。

翌日，伴隨建裕珍廠長四十餘年歲月的拿督施朝源，也發文告反對Aspire Insight公司的全購計劃，理由是考慮到此前豐田通商（Toyota Tsusho）提出的投資意向書。

前首席營運員徐啟良與公積金局子公司的Aspire Insight公司組成的收購團，早前獻議以每股3令吉30仙，或者總值14億6千575萬4千令吉獻議收購；而於3月之前，發於大馬交易所的文告傾向於描繪成這已成為定局，儘管施氏家族欲力挽狂瀾。

豐田通商提出的獻議，對很多股東來說確實較具吸引力，每股增加約44仙。黃德發日前釋出的訊息是，儘管當時建裕珍廠董事部已表明“不考慮”，若豐田通商根據上市要求與併購條例，尋求更具體的獻購，股東將予以考慮。

施朝源本月積極在公開市場買進建裕珍廠股票，截至17日，其直接與非直接持股增至1.56%或694萬9千857股。家族代表拿督施朝全持股6.2%，是第三大股東。

施氏家族在建裕珍廠持股約15%，施朝源目前為碩果僅存的施氏家族成員董事；早前極力反對Aspire Insight公司收購的施朝坤，緊隨施朝源在建裕子公司大馬紙盒（BOXPAK，6297，主板工業產品組）董事部出局，亦被排擠在建裕門外。

2012年時期，施氏家族在建裕珍廠有3名董事入局，益顯勢單力薄的施朝源是否有能力遏阻徐啟良等的全購，很大程度還看豐田通商是否有進一步行動，下來就看股東意願。

目前距離5月23日還有一段時日，還有很多事情可以醞釀與發生，多數小股東的意願是希望豐田通商，可按收購程序具體化為真正的收購獻議，以便有更佳選項。

這可說是施氏一搏，曾在日本留學的施朝坤，是否能夠運用影響力在豐田通商背後奔走，目前無人能知。

豐田通商收購51%股權若能具體化，並且仍保留上市地位，加上更優惠的獻購價，或能彈動小股東心弦，也是施朝源扭轉大局的動力！（星洲日報／投資致富‧投資茶室：張啟華）

icy97

Notice of Interest Sub. S-hldr (29A)

KIAN JOO CAN FACTORY BERHAD

Particulars of Substantial Securities Holder

Name	DATO' SEE TEOW CHUAN
Address	12-G JALAN DUNGUN DAMANSARA HEIGHTS 50490 KUALA LUMPUR
NRIC/Passport No/Company No.	410105-71-5187
Nationality/Country of incorporation	MALAYSIAN
Descriptions (Class & nominal value)	ORDINARY SHARES OF RM0.25 EACH
Name & address of registered holder	DATO' SEE TEOW CHUAN 12-G JALAN DUNGUN DAMANSARA HEIGHTS 50490 KUALA LUMPUR

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	14/04/2014
No of securities	2,569,000
Circumstances by reason of which Securities Holder has interest	Acquisition of direct interest in open market from 14 April 2014 to 17 April 2014.
Nature of interest	Direct
Price Transacted ($$)
Total no of securities after change
Direct (units)	22,508,033
Direct (%)	5.07
Indirect/deemed interest (units)	2,179,985
Indirect/deemed interest (%)	0.49
Date of notice	21/04/2014

icy97

玉楼金阙：施家若团结力量大‧陈金阙

财经 评论 玉楼金阙  2014-04-23 11:25
建裕珍厂（KIANJOO）股东大会在上星期举行。前大股东施家兄弟仅存在董事局的最后一位代表拿督施朝源正式表态，反对ASPIRE INSIGHT的收购献议。

至此，所有施家兄弟的正式趋向终于有个结果，敌对的施家两方大致上都反对收购建议。

这里不妨岔开一下，谈谈施家争执不下的历史。建裕珍厂由先辈施文泰创办于1958年，在1984年挂牌上市，当时上市价是60仙。

当公司到第二代手中时，施家二代一样把建裕珍厂办得有声有色。

施家发生争执要追溯到20年前。当时让施家分成两派的原因是，他们在处理建裕珍厂的股权得不到共识。

其中，由兄长拿督施朝全带领的一派，要把股权脱售，将所得分配给家族；弟弟拿督施朝源阵营，则坚持把股权分配给所有家庭成员，让成员自行决定是否要脱售。

家庭纠纷是非难定

家庭纠纷，很难下定论谁是谁非，不过当时就是这个意见不和一发不可收拾，结果被带上法庭审判，官司缠绕多年，甚至搞到最后32.9%的建裕珍厂被拍卖，几番辗转，落到冠旺（CANONE）手里。

我生也晚，不清楚到底施家两派的争执是否到了无法挽回的地步，不过我相信施老先生如果在世，肯定不愿看到这个结果。

所以，冠旺的出现，多多少少让我们看到施家并不是争到你死我活的地步。

从双方暂时合作来对抗冠旺，到法庭判决的优势落在冠旺处，间中双方还是时常出现针峰相对的情况。

因此，这也让冠旺有机会逐个击破，因为冠旺手握32.9%，只要联合一方，另一方几乎是毫无胜算。

2012年，施朝全首先在董事会出局，眼见冠旺和施朝源联成一线，败局已成，自愿放弃连任，转而争取一笔退休金，建裕进入末施家时代。

建裕小股东冀派高息

之后两年，施家成员如施秀珠（总财务执行员，CFO）退休和执行董事施朝基（译音）离职，另一位执行董事施朝根也在刚过的股东大会里连任失败。

至今施家在建裕管理层的代表就只剩下拿督施朝源一人。

不过，由于他在建裕子公司大马纸盒厂的董事经理职位连任失败，而今又表态反对收购，相信他在建裕的任期也已开始倒数。

作为施家硕果仅存的代表，眼见施家兄弟一个个被铲除，本是同根生，相信他也感到兔死狗烹，唇亡齿寒，继而同仇敌忾。

建裕已计划在5月23日开股东特大来决定ASPIRE INSIGHT的收购，鉴于冠旺可以投票，小股东处于非常不利的状况，这时我们是非常欢迎拿督施朝源和他的阵营加入小股东反对的行列。

所谓“兄弟阋于墙，外御其侮”，施家兄弟如果联合起来，力量不可小觑。

不过，小股东也担心驱虎迎狼，冠旺此刻之举固然不为小股东所喜，但它掌权时候，有一件事是深受小股东欢迎的，那就是慷慨派息（50%股息）。

如果施家得势，我们不希望建裕回到以前低股息时代（20%股息），毕竟小股东要的是共享公司成果而已。【南洋网财经】

sp13501

反对 ASPIRE INSIGHT 收购有什么用？  应该去找回 Toyota Tsusuo 来买啊！   

icy97

建裕珍廠確認冠旺徐啟良無關聯

2014-04-26 12:48      
（吉隆坡25日訊）建裕珍廠（KIANJOO,3522,主板工業產品組）今日確認，有意收購該公司的徐啟良與大股東冠旺毫無關聯。

楊仁和徐啟良亦無關聯

建裕珍廠是在今日發文告澄清股東在4月16日常年大會上提出的疑問，針對該公司大股東是否和徐啟良有關係，該公司已尋求法律顧問Messrs Lee Choon Wan & Co.的意見，有關法律意見顯示冠旺（CANONE,5105,主板工業產品組）和徐啟良並沒有關連（根據上市條例），同時楊仁和及徐啟良也分別確認，彼此並無關聯。

建裕珍廠指出，Aspire Insight公司已向該公司證明它有充足的資金以14億6千575萬令吉或相等於每股3令吉30仙，收購該公司全部資產和負債。

針對董事施朝坤認為Aspire出價太低而反對該收購計劃，建裕珍廠將在特大的股東通知書中附上施氏的意見供股東參考。

針對該公司旗下產業的估值，該公司已在4月8日委任CB Rechard Ellis（大馬）私人有限公司展開對產業的全面估值，估值結果將附在股東通知書中。

在豐田通商（Toyota Tsusho）的投資意向書方面，建裕珍廠指出，雖然豐田通商和日本豐田集團有關，但問題是為何該公司未委任本地專業顧問以提出適當的合法獻議。該公司提出的每股3令吉74仙收購價雖然誘人，但卻充滿不確定性。（星洲日報／財經）

KIAN JOO CAN FACTORY BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	KIAN JOO CAN FACTORY BERHAD ("KIAN JOO" OR "THE COMPANY") (I) PROPOSED DISPOSAL OF THE ENTIRE BUSINESS AND UNDERTAKING, INCLUDING ALL OF THE ASSETS AND LIABILITIES OF KIAN JOO TO ASPIRE INSIGHT SDN BHD ("ASPIRE") FOR A TOTAL CONSIDERATION OF RM1,465,753,693 WHICH TRANSLATES TO APPROXIMATELY RM3.30 PER ORDINARY SHARE OF RM0.25 EACH IN KIAN JOO ("PROPOSED DISPOSAL"); AND (II) PROPOSED DISTRIBUTION OF THE PROCEEDS ARISING FROM THE PROPOSED DISPOSAL TO ALL ENTITLED SHAREHOLDERS OF KIAN JOO IN CASH AT NOT LESS THAN RM 3.30 PER ORDINARY SHARE OF RM0.25 EACH IN KIAN JOO VIA PROPOSED CAPITAL REDUCTION AND REPAYMENT EXERCISE IN ACCORDANCE WITH SECTION 64 OF THE COMPANIES ACT, 1965 ("PROPOSED PROCEEDS DISTRIBUTION") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Please refer to the attachment below for details of the announcement. This announcement is dated 25 April 2014. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1605381

Attachments KJCFB - Announcement 25 4 2014.pdf

williamnkk81

向交易所澄清 建裕MD没参与全购
国内财经 April 29, 2014
http://www.uniteddaily.com.my/?q=node/71863

（吉隆坡28日讯）建裕珍厂（KianJoo，3522，工业产品组）上周五向大马股票交易所报备冗长的6页信函，澄清与该公司执行董事兼营运总监徐启良和雇员公积金局（EPF，下简称公积金局）联手展开，总值达14亿7千万令吉的旗下资产与债务全购活动有关的主要事项。

文告中透露，建裕珍厂接获本身的集团董事经理兼间接主要股东杨锦和的通知，表示本身未参与徐启良和公积金局联手提出的收购献议。

文告中说：“同样的，建裕珍厂也接获徐启良（先生）的通知，表示本身（一如大马股票交易所主要板上市条例所定义般）并未（就全购献议）与杨锦和（先生）和/或冠旺（CanOne，5105，工业产品组）（杨锦和拥有冠旺34.02%股权，而后者则持有建裕珍厂32.9%股权）有任何联系。”

上述文告也进一步强调，杨锦和并不是徐启良以及雇员公积金局联手提出的14亿7千万令吉建裕珍厂旗下资产与债务全购献议的一位参与者。有鉴于与这项献议无任何正式联系，杨氏以及冠旺并未受阻于与这项议案有关的投票活动。

杨锦和和冠旺的支持对于徐启良以及公积金局完成上述收购献议来说至关重要，因考量到收购方在就此议案而展开的股东特别大会上，在股东出席率和投票率方面必须获得至少75%的同意方能落实。

建裕珍厂预计将在下个月举办的股东特别大会上，向其股东公开徐启良和公积金局的联合收购方——Aspire Insight私人有限公司所提出的全购献议，让股东就此进行投票。

建裕珍厂执行董事拿督施朝源早在本月17日表示本身已改变主意，由于获得丰田通商机构的献议，如今将反对将该公司出售予Aspire Insight。该公司向交易所报备的文告中说：“施朝源现已表明反对脱售献议。施氏的原因是基于接获丰田通商的意愿函件而改变决定。”

@sp13501


召集KIANJOO的股東們。。。快快我要組合力量。。反對

sp13501

反也没有什么好处啊！  如果 Aspire Insight 收购不成功，股价还可能会下跌到 3.30以下咧！  不过，3.30 谁要卖给它啊？ 可以在市场以 3.40 卖给施先生啊！

williamnkk81

sp13501 发表于 29-4-2014 10:42 PM
反也没有什么好处啊！  如果 Aspire Insight 收购不成功，股价还可能会下跌到 3.30以下咧！  不过，3.30 谁 ...

看你如何看咯。。。。 只要公司有成長。。有好多股息。。。 就是長遠的咯。。。。

公司下跌。。 那就買入咯。。。 看是長遠的嘛。。。。

icy97

未准备好通知书 传建裕珍厂特大展延

财经新闻 财经  2014-05-01 13:37
（吉隆坡30日讯）消息透露，建裕珍厂（KIANJOO，3522，主板工业产品股）原定于5月23日的股东特别大会将展延。

《The Edge》财经日报引述消息人士，特大会展延，主因是原本必须于5月23日前的21天内，寄出给股东的通知书至今未准备好。

他指出，特大通知书的内容至今未获批准，而且目前至5月23日，剩下23天左右，肯定不能准时送出通知书。

特大是针对AspireInsight私人有限公司总值14亿6575万3693令吉的收购建议进行投票。

若通过，创办家族—施氏家族将彻底脱离建裕珍厂。

Aspire Insight由雇员公积金局（EPF）独资子公司———Ekuiti Merdu私人公司，和徐启良所持有。

徐启良也是建裕珍厂大股东冠旺（CANONE，5105，主板工业产品股）的前总财务长。

另外，施氏家族成员若向法庭申请禁止令，也有可能阻止特大如期进行。

该家族成员虽曾扬言要采取法律行动，但至今未有行动。

不过，消息人士指出，即便施氏家族成员申请禁止令，也只能短暂阻止特大，而且他们会因为阻碍收购活动程序而被起诉。【南洋网财经】