July 26, 2010

Company announcements: IRIS, AT, GOCEAN, CONNECT, AMDB, PJDEV, BSTEAD, MFCB, BJASSET

IRIS - General Announcement

Announcement Type: General Announcement
Company Name: IRIS CORPORATION BERHAD (ACE Market)
Stock Name: IRIS
Date Announced: 26/07/2010

Announcement Detail:
Type: Announcement

Subject: IRIS CORPORATION BERHAD ("ICB" OR THE "COMPANY")

AGREEMENT WITH SYARIKAT PRASARANA NEGARA BERHAD ("PRASARANA") IN RELATION TO THE AUTOMATIC FARE COLLECTION SYSTEM FOR KELANA JAYA LINE AND AMPANG LINE ("AGREEMENT")

Contents: We refer to the previous announcements made on 6 April 2010 and 8 April 2010 in relation to the letter of award issued by Prasarana for the above-mentioned system.

The Board of Directors of ICB wishes to announce that INDRA-IRIS AFC CONSORTIUM, an unincorporated association constituted of IRIS Information Technology Systems Sdn Bhd (a wholly-owned subsidiary of ICB) and Indra Sistemas S.A., had on 26 July 2010, formally entered into an agreement with Prasarana to design, manufacture, deliver, install, test, commission and warranty for the automatic fare collection system for the Kelana Jaya light rail transit ("LRT") line and Ampang LRT line.

The salient terms of the Agreement remain the same as per the letter of award, which had been announced on 6 April 2010.

The Agreement dated 26 July 2010 is available for inspection at the registered office of ICB during office hours from Monday to Friday (excluding public holiday) at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, for a period of three (3) months from the date of this announcement.


This announcement is dated 22 July 2010.


AT - SIXTH ANNUAL GENERAL MEETING (AGM) AND EXTRAORDINARY GENERAL MEETING (EGM) HELD ON JULY 26, 2010

Announcement Type: General Announcement
Company Name: AT SYSTEMATIZATION BERHAD (ACE Market)
Stock Name: AT
Date Announced: 26/07/2010

Announcement Detail:
Type: Announcement

Subject: SIXTH ANNUAL GENERAL MEETING (AGM) AND EXTRAORDINARY GENERAL MEETING (EGM) HELD ON JULY 26, 2010

Contents: On behalf of the Board of Directors of the Company, we are pleased to inform that all the resolutions at the undermentioned General Meetings of the Company duly convened and held on July 26, 2010 as set out in the Notices of AGM and EGM dated July 2, 2010, were duly passed:-

SIXTH ANNUAL GENERAL MEETING

AS ORDINARY BUSINESSES

1. Approval of the payment of Directors' Fees of up to RM160,000 for the financial year ending February 28, 2011 and payment of such Fees to the Directors of the Company.

2. Re-election of the following Directors who retired under the provision of Article 132 of the Articles of Association of the Company:-

a. Mr. Lai Siaw Ling
b. En. Mohd Daniel Bin Mat Noh

3. Re-appointment of Messrs. Crowe Horwath (Formerly known as Horwath) as Auditors of the Company and a mandate was given to the Board of Directors to fix their remuneration.

AS SPECIAL BUSINESS

Ordinary Resolution

4. Approval for the authority to Issue and Allot Shares pursuant to Section 132D of the Companies Act, 1965.

EXTRAORDINARY GENERAL MEETING

Ordinary Resolution

Approval of the Proposed Special Bumiputera Issue of 25,600,000 new ordinary shares of RM0.10 each in AT Systematization Berhad to the Bumiputera Investors to be Identified and/or approved by the Ministry of International Trade and Industry.


GOCEAN - General Announcement

Announcement Type: General Announcement
Company Name: GREEN OCEAN CORPORATION BERHAD (ACE Market)
Stock Name: GOCEAN
Date Announced: 26/07/2010

Announcement Detail:
Type: Announcement

Subject: GREEN OCEAN CORPORATION BERHAD ("GOCEAN" OR "COMPANY")
PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY

Contents: GREEN OCEAN CORPORATION BERHAD ("GOCEAN" OR "COMPANY")
PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY


CONNECT - ADDITIONAL INVESTMENT IN RAPID CONN (SHEN ZHEN) CO., LTD.

Announcement Type: General Announcement
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 26/07/2010

Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd

Sponsor: Same as above

Type: Announcement

Subject: ADDITIONAL INVESTMENT IN RAPID CONN (SHEN ZHEN) CO., LTD.

Contents: ADDITIONAL INVESTMENT IN RAPID CONN (SHEN ZHEN) CO., LTD.


AMDB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Submitting Merchant Bank: N/A
Company Name: AMDB BERHAD
Stock Name: AMDB
Date Announced: 26/07/2010

Announcement Detail:
Date of buy back: 26/07/2010

Description of shares purchased: Ordinary shares of RM0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 25,300

Minimum price paid for each share purchased ($$): 0.385

Maximum price paid for each share purchased ($$): 0.390

Total consideration paid ($$): 9,838.61

Number of shares purchased retained in treasury (units): 25,300

Cumulative net outstanding treasury shares as at to-date (units): 194,100

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.03


PJDEV - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: PJ DEVELOPMENT HOLDINGS BERHAD
Stock Name: PJDEV
Date Announced: 26/07/2010

Announcement Detail:
Type: Announcement

Subject: PJ DEVELOPMENT HOLDINGS BERHAD ("PJD" OR THE "COMPANY")

(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 213,811,972 NEW WARRANTS IN PJD ("NEW WARRANT(S)") TO ALL THE SHAREHOLDERS OF PJD ON THE BASIS OF THREE (3) NEW WARRANTS FOR EVERY EIGHT (8) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN PJD ("PROPOSED RIGHTS ISSUE"); AND

(II) PROPOSED RESTRICTED ISSUE OF UP TO 42,762,337 NEW WARRANTS IN PJD TO THE HOLDERS OF UNEXERCISED 2000/2010 WARRANTS ON 29 OCTOBER 2010, BEING THE EXPIRY DATE OF THE WARRANTS ("EXPIRY DATE") ON THE BASIS OF THREE (3) NEW WARRANTS FOR EVERY EIGHT (8) UNEXERCISED 2000/2010 WARRANTS HELD ON THE EXPIRY DATE ("PROPOSED RESTRICTED ISSUE").

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Contents: On behalf of the Board of Directors of PJD ("Board"), OSK Investment Bank Berhad wishes to announce that the Company proposes to implement the following:-

(i) a renounceable rights issue of up to 213,811,972 new warrants in PJD ("New Warrant(s)") to all the shareholders of PJD on the basis of three (3) New Warrants for every eight (8) existing ordinary shares of RM1.00 each held in PJD ("PJD Share(s)" or "Share(s)") held on an entitlement date to be determined later ("Entitlement Date"); and

(ii) a restricted issue of up to 42,762,337 New Warrants to the holders of unexercised 2000/2010 Warrants on 29 October 2010 ("Entitled Warrants Holders") on the basis of three (3) New Warrants for every eight (8) unexercised 2000/2010 Warrants ("Unexercised Warrants") held on the Expiry Date.

(collectively referred to as the "Proposals")

Further details on the Proposals are set out in the attachment below.

This announcement is dated 26 July 2010.

Attachments: PJ Development Holdings Berhad - Proposed Rights Issue.pdf


BSTEAD - General Announcement

Announcement Type: General Announcement
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 26/07/2010

Announcement Detail:
Type: Announcement

Subject: COMMENCEMENT OF LITIGATION AGAINST SUBSIDIARY COMPANY

Ipoh High Court Civil Suit No. 22-163-2010
Maraputra Sdn Bhd -v- Boustead Naval Shipyard Sdn Bhd

Contents: The Company wishes to announce that its subsidiary company, Boustead Naval Shipyard Sdn Bhd ("BNS"), had been served with a Writ of Summons by one Maraputra Sdn Bhd ("Maraputra"). The Writ of Summons was filed in the Ipoh High Court on 14 July 2010, and was served on BNS's solicitors, Messrs Azzat & Izzat on Friday 23 July 2010.

Under the said Writ of Summons, Maraputra is claiming against BNS for damages totaling RM10,367,063.74, interest at 8% per annum on the said amount of RM10,367,063.74, cost and other relief that the Court deems fit, arising from a contract dispute between Maraputra and BNS. BNS is disputing the amount claimed and is currently preparing a statement of defence and counter-claim against Maraputra.

In consultation with the solicitors, the Board is of the view that BNS has good defence and counter-claims in this matter.

The Company will announce further updates on this case from time to time.


MFCB - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 26/07/2010

Announcement Detail:
Date of buy back from: 13/07/2010

Date of buy back to: 22/07/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 180,000

Minimum price paid for each share purchased ($$): 1.620

Maximum price paid for each share purchased ($$): 1.680

Total amount paid for shares purchased ($$): 299,782.69

The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad

Number of shares purchased retained in treasury (units): 180,000

Total number of shares retained in treasury (units): 12,846,400

Number of shares purchased which were cancelled (units): 0

Total issued capital as diminished: MYR242,205,000 divided into 242,205,000 ordinary shares of MYR1.00 each

Date lodged with registrar of companies: 26/07/2010

Lodged by: Mega First Corporate Services Sdn Bhd

Remarks: This announcement is dated 26 July 2010.


BJASSET - General Announcement

Announcement Type: General Announcement
Company Name: BERJAYA ASSETS BERHAD
Stock Name: BJASSET
Date Announced: 26/07/2010

Announcement Detail:
Type: Announcement

Subject: Notification from Tan Sri Dato' Seri Vincent Tan Chee Yioun pursuant to Paragraphs 14.03 and 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Contents: The Company has received a notification dated 26 July 2010 from Tan Sri Dato' Seri Vincent Tan Chee Yioun, the Director/Chairman of Berjaya Times Square Sdn Bhd, a major subsidiary of Berjaya Assets Berhad ("BAssets") that he intends to deal in the securities of BAssets during the closed period. His interest in the securities of BAssets as at 26 July 2010 is set out in Table 1 hereunder.


BJASSET - General Announcement

Announcement Type: General Announcement
Company Name: BERJAYA ASSETS BERHAD
Stock Name: BJASSET
Date Announced: 26/07/2010

Announcement Detail:
Type: Announcement

Subject: Dealings in Securities of Berjaya Assets Berhad ("Company") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that the dealing in the securities of the Company by Tan Sri Dato' Seri Vincent Tan Chee Yioun, as set out in the table below.



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