September 20, 2010

Company announcements: IRIS, AIM, MASTEEL, YAHORNG, SUCCESS, PENSONI-WA

IRIS - General Announcement

Announcement Type: General Announcement
Company Name: IRIS CORPORATION BERHAD (ACE Market)
Stock Name: IRIS
Date Announced: 20/09/2010

Announcement Detail:
Type: Announcement

Subject: General Announcement

UPDATE ON THE LITIGATION IN TURKEY AGAINST IRIS TECHNOLOGIES (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ICB AND ITS JOINT VENTURE PARTNER KUNT ELEKTRONIK SAN. VE TIC. A.S. ("JV COMPANY")

Contents: This announcement is to be read together with the earlier announcements dated 18th September 2009 and 29th March 2010 respectively.

A further claim was filed by EGM against the JV Company whereby EGM is seeking to claim additional damages amounting to Turkish Lira 13,041,000.00 . The first hearing for this matter is fixed on the 30th November 2010 at the Ankara Court.

The JV appointed lawyers Messrs Sen & Arpaci of Turkey will continue to act for and on behalf of the JV Company.

This announcement is dated 20 September 2010.


AIM - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: ADVANCE INFORMATION MARKETING BERHAD (ACE Market)
Stock Name: AIM
Date Announced: 20/09/2010

Announcement Detail:
Type: Announcement

Subject: Advance Information Marketing Berhad ("AIM" or "Company")

Announcement in relation to the following:

PROPOSED BONUS ISSUE OF 62,389,600 NEW ORDINARY SHARES OF RM0.10 EACH IN AIM ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN AIM ("AIM SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")

Contents: (All the abbreviations used in this announcement are as defined in the previous announcement dated 25 August 2010.)

We refer to the announcement dated 25 August 2010 in respect of the Proposed Bonus Issue.

On behalf of the Board of Directors of AIM, Public Investment Bank Berhad ("PIVB") is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had via its letter dated 20 September 2010, approved the listing of and quotation for 62,389,600 new AIM Shares to be issued pursuant to the Proposed Bonus Issue, subject to the following conditions:

(i) AIM and its adviser must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities ("ACE LR") pertaining to the implementation of the Proposed Bonus Issue;

(ii) AIM and its adviser to inform Bursa Securities upon the completion of the Proposed Bonus Issue;

(iii) AIM to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonus Issue is completed; and

(iv) AIM and its adviser are required to make the relevant announcements pursuant to Rules 6.36(2) and (4) of the ACE LR.


This announcement is dated 20 September 2010.


MASTEEL - Rights Issue

Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: MALAYSIA STEEL WORKS (KL) BHD
Stock Name: MASTEEL
Date Announced: 20/09/2010

Announcement Detail:
EX-date: 30/09/2010

Entitlement date: 04/10/2010

Entitlement time: 05:00:00 PM

Entitlement subject: Rights Issue

Entitlement description: RENOUNCEABLE RIGHTS ISSUE OF 105,378,333 FIVE (5)-YEAR WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TW0 (2) EXISTING ORDINARY SHARES OF RM0.50 EACH IN MALAYSIA STEEL WORKS (KL) BHD ("MASTEEL") HELD AT 5.00 P.M. ON 4 OCTOBER 2010 AT AN ISSUE PRICE OF RM0.18 PER WARRANT ("WARRANTS ISSUE")

Period of interest payment: to

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: Tricor Investor Services Sdn Bhd (118401-V)
(Formerly known as Tenaga Koperat Sdn Bhd)
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Wilayah Persekutuan
Tel: (03) 2264 3883

a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 04/10/2010

Entitlement indicator: Ratio

Ratio: 1 : 2

Rights Issues/Offer Price: 0.18

Remarks: The abridged prospectus, together with the rights subscription form and the notice of provisional allotment (collectively referred to as the "Documents") in relation to the Warrants Issue will be despatched on 6 October 2010 to the entitled ordinary shareholders whose names appear in the Record of Depositors of Masteel on 4 October 2010. These Documents will not be despatched to entitled ordinary shareholders who have not provided an address in Malaysia. Any shareholder who is without a registered address in Malaysia and wishes to provide a Malaysian address should inform their respective stockbrokers to effect the change of address prior to 4 October 2010.


This announcement is dated 20 September 2010.


YAHORNG - Quarterly rpt on consolidated results for the financial period ended 31/7/2010

Announcement Type: Financial Results
Company Name: YA HORNG ELECTRONIC (M) BHD
Stock Name: YAHORNG
Date Announced: 20/09/2010

Announcement Detail:
Financial Year End: 31/01/2011

Quarter: 2

Quarterly report for the financial period ended: 31/07/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)


SUCCESS - General Announcement

Announcement Type: General Announcement
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 20/09/2010

Announcement Detail:
Type: Announcement

Subject: Success Transformer Corporation Berhad ("STC" or "the Company")
Proposed Acquisition of an Industrial Land together with a Factory by Success Electronics & Transformer Manufacturer Sdn Bhd, a wholly owned subsidiary of STC from Dekor Panel Emas Sdn Bhd

Contents: The Board of Directors of STC wishes to announce that the Company had on 20 September 2010 entered into a conditional letter of offer to purchase with Dekor Panel Emas Sdn Bhd for the proposed acquisition of an industrial land together with a factory held under Title no. Geran 205577 Lot 19042, Seksyen 20, Bandar Rawang, measuring approximately 24,490 square meters for a total purchase consideration of RM 18,500,000.00.

Please refer to the attached file for the full text of the announcement.

This announcement is dated 20 September 2010.

Attachments: SETM_Factory Land .pdf


PENSONI-WA - Profile for Warrants

Announcement Type: Listing Information & Profile
Company Name: PENSONIC HOLDINGS BERHAD
Stock Name: PENSONI-WA
Date Announced: 20/09/2010

Announcement Detail:
Instrument Type: Warrants

Description: Warrants issued pursuant to the Rights Issue

Listing Date: 16/01/2001

Issue Date: 05/01/2001

Issue/ Ask Price: MYR 0.0000

Issue Size Indicator: Unit

Issue Size in Unit: 22,690,000

Maturity Date: 05/01/2006

Revised Maturity Date: 04/01/2011

Exercise/ Conversion Period: 5.00 Year(s)

Revised Exercise/ Conversion Period: 10.00

Exercise/Strike/Conversion Price: MYR 2.8500

Revised Exercise/Strike/Conversion Price: MYR 1.4250

Exercise/ Conversion Ratio: 1:1

Revised Exercise/ Conversion Ratio: 1:1

Mode of satisfaction of Exercise/ Conversion price: Cash

Settlement Type/ Convertible into: Physical (Shares)

Remarks: The Pensonic Holdings Berhad ("PHB or the Company") warrants are issued pursuant to the following:

On 5 January 2001, the Company issued and allotted 11,345,000 new ordinary shares of RM1.00 each ("Rights Shares") together with 11,345,000 detachable warrants on the basis of one (1) Rights Share with one (1) warrant for every two (2) ordinary shares of RM1.00 each held in the Company at an issue price of RM2.60 per Rights Share pursuant to its renounceable rights issue fund-raising exercise. The Rights Shares and the warrants were listed on Bursa Securities on 16 January 2001.

The warrants are constituted by the Deed Poll dated 6 September 2000 executed by PHB. Each warrant entitles its registered holders the right at any time during the exercise period form 5 January 2001 to 4 January 2006 to subscribe for one (1) new ordinary share of RM1.00 each in PHB at an exercise price of RM2.85 per share.

PHB had undertaken a Share Split into two (2) new Shares for every one (1) existing ordinary share of RM1.00 each held ("Share Split") which was completed with the subdivided Shares being listed on Bursa Securities on 5 January 2005. Pursuant to the Share Split, an additional 11,345,000 new Warrants were issued to the existing Warrantholders which were listed on Bursa Securities on 5 January 2005 and the exercise price of the Warrants was also adjusted accordingly from RM2.85 per share to RM1.425 per Share.

EXTENSION

1. Notice was given on 29 December 2005 to the holders of the outstanding 2001/2006 warrants of PHB that the duration and exercise period of the warrants have been extended for an additional five (5) years form 5 January 2006 up to and including 4 January 2011 ("the Extension").

The Company has obtained the approval of the Securities Commission ("SC") for the Extension via the SC's letter dated 28 November 2005.

The shareholders and warrantholders of PHB have also voted in favour of the Extension at the extraordinary general meeting and warrantholders' meeting of PHB respectively, which were held on 27 December 2005.

As all the requisite approvals for the Extension have been obtained, the duration and exercise period of the Warrants have thereby been extended for an additional five (5) years form 5 January 2006 up to and including 4 January 2011.

2. Notice was also given on 29 December 2005 that the deed poll dated 6 September 2000 for the Warrants ("Deed Poll") has been duly amended by way of a supplemental deed poll executed on 27 December 2005 ("Supplemental Deed Poll") to incorporate the extended duration and exercise period of the Warrants pursuant to the Extension.

Warrants which are not exercised within the extended exercise period will lapse and become null and void. These Warrants shall then cease to be exercisable and will be removed from the Official List of Bursa Securities.

This announcement is dated 20 September 2010.



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