September 24, 2010

Company announcements: SUCCESS, IRMGRP, JADI, KYM, TEXCHEM, FITTERS, LAYHONG, LINEAR, HIRO

SUCCESS - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 24/09/2010

Announcement Detail:
Date of buy back: 24/09/2010

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

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 5,000

Minimum price paid for each share purchased ($$): 1.160

Maximum price paid for each share purchased ($$): 1.160

Total consideration paid ($$): 5,800.00

Number of shares purchased retained in treasury (units): 5,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 7,125,700

Adjusted issued capital after cancellation (no. of shares) (units): 0

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.94


IRMGRP - IRM GROUP BERHAD ("IRMGB" or "the Company") - CHANGE OF NAME OF A SUBSIDIARY COMPANY

Announcement Type: General Announcement
Company Name: IRM GROUP BERHAD
Stock Name: IRMGRP
Date Announced: 24/09/2010

Announcement Detail:
Type: Announcement

Subject: IRM GROUP BERHAD ("IRMGB" or "the Company")
- CHANGE OF NAME OF A SUBSIDIARY COMPANY

Contents: The Board of Directors of IRMGB wishes to inform that Better Scope Sdn Bhd("BSSB"), a wholly-owned subsidiary of the Company, had on 21 September 2010 changed its name to IRM Composite Sdn. Bhd.

The Certificate of Change of Company Name ("Form 13") was received on 24 September 2010.

This announcement is dated 24 September 2010.


JADI - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: JADI IMAGING HOLDINGS BERHAD
Stock Name: JADI
Date Announced: 24/09/2010

Announcement Detail:
Type: Announcement

Subject: JADI IMAGING HOLDINGS BERHAD ("JADI" or "Company")

EXTRAORDINARY GENERAL MEETING ("EGM") IN RELATION TO THE:

(I) PROPOSED ISSUE OF UP TO 352,251,462 FREE WARRANTS IN JADI ("FREE WARRANTS") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN JADI ("JADI SHARES" OR "SHARES') HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED FREE WARRANTS ISSUE"); AND

(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY FROM RM100,000,000 COMPRISING 1,000,000,000 JADI SHARES TO RM200,000,000 COMPRISING 2,000,000,000 JADI SHARES ("PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL")

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

Contents: On behalf of the Board of Directors of JADI, RHB Investment Bank Berhad is pleased to announce that the shareholders of JADI have, at the EGM held today, approved the resolutions as set out in the Notice of EGM dated 2 September 2010.


This announcement is dated 24 September 2010


KYM - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: KYM HOLDINGS BERHAD
Stock Name: KYM
Date Announced: 24/09/2010

Announcement Detail:
Type: Announcement

Subject: KYM HOLDINGS BHD. ("KYM" OR THE "COMPANY")

DISPOSAL OF THIRTEEN (13) PARCELS OF LEASEHOLD PROPERTIES (WITH AN UNEXPIRED LEASE PERIOD OF 80 YEARS) MEASURING APPROXIMATELY 756 ACRES FOR AN AGGREGATE CASH CONSIDERATION OF RM93,762,467.44 ("DISPOSAL")

Contents: We refer to the Company's announcement dated 6 September 2010 relating to the Disposal.

On behalf of the Board of Directors of KYM, MIMB Investment Bank Berhad wishes to announce that Vale Malaysia Manufacturing Sdn Bhd ("Vale") has, vide its letter dated 24 September 2010, confirmed that the conditions precedent set out in Clause 5 of the conditional sale and purchase agreement dated 31 March 2010 in relation to the Disposal ("SPA") have been fulfilled to the satisfaction of Vale.

As such, all the conditions precedent stipulated in the SPA in relation to the Disposal are deemed to have been fulfilled and become unconditional.

This announcement is dated 24 September 2010.


TEXCHEM - VOLUNTARY LIQUIDATION OF EYE GRAPHIC (VIETNAM) CO., LTD.

Announcement Type: General Announcement
Company Name: TEXCHEM RESOURCES BERHAD
Stock Name: TEXCHEM
Date Announced: 24/09/2010

Announcement Detail:
Type: Announcement

Subject: VOLUNTARY LIQUIDATION OF EYE GRAPHIC (VIETNAM) CO., LTD.

Contents: 1. INTRODUCTION

The Board of Directors of Texchem Resources Bhd. ("TRB") wishes to announce that Eye Graphic (Vietnam) Co., Ltd. ("EGV"), a wholly owned subsidiary of Eye Graphic Sdn. Bhd. ("EGSB") which in turn is a wholly owned subsidiary of Texchem-Pack Holdings (S) Ltd. ("TXPHS"), an approximately 70.48% owned subsidiary of TRB, has today commenced liquidation proceedings voluntarily in accordance with the Laws/Rules and Regulations of Vietnam (hereinafter referred to as the "Voluntary Liquidation").

The Voluntary Liquidation is not subject to the approval of the shareholders of TRB.

2. APPOINTMENT OF LIQUIDATOR

The following persons have been appointed as joint liquidators of EGV by its Members' Council and shareholder on 24 September 2010:

(i) Name: Tang Ying Hoe (Malaysian)
Address: 12A2-10, Sky Garden 3, Phu My Hung New City Center, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

(ii) Name: Tran Thi Thanh Lan (Vietnamese)
Address: 139/2, Tan Hoa Ward, Bien Hoa City, Dong Nai, Vietnam

3. BRIEF INFORMATION ON EGV

EGV was incorporated as a 100% foreign owned limited liability company in Vietnam on 28 April 2000. EGV is not a major subsidiary of TXPHS. The principal activities of EGV are designing and production of flexo printing plates for sale in the domestic market.

As at 31 August 2010, EGV has a total investment capital of VND22,470,000,000.00 (approximately equivalent to RM3,617,670.00 based on the exchange rate of VND100.00 = RM0.0161 as at 1 September 2010) and charter capital of VND10,143,939,080.00 (approximately equivalent to RM1,633,174.19 based on the exchange rate of VND100.00 = RM0.0161 as at 1 September 2010).

As at 31 August 2010, EGSB's total cost of investment in EGV is VND10,143,939,080.00 (approximately equivalent to RM1,633,174.19 based on the exchange rate of VND100.00 = RM0.0161 as at 1 September 2010). EGV's net assets as at 31 August 2010 is VND598,304,016.00 (approximately equivalent to RM96,326.95 based on the exchange rate of VND100.00 = RM0.0161 as at 1 September 2010).

Other than the liquidation expenses, the losses are not expected to be material to TRB Group

4. RATIONALE FOR THE VOLUNTARY LIQUIDATION

In view of the difficult economic conditions experienced by EGV, EGV has not been profitable for some time and TXPHS and EGSB have decided that EGV should be liquidated voluntarily in an effort to reduce costs. The Voluntary Liquidation is not expected to have any material operational impact on TRB Group.

5. FINANCIAL EFFECTS OF THE VOLUNTARY LIQUIDATION

The Voluntary Liquidation will not have any effect on the issued and paid-up share capital of TRB and the substantial shareholders' shareholdings in TRB.

The Voluntary Liquidation is not expected to have any material effect on the consolidated net assets per share, gearing, earnings and earnings per share of TRB for the financial year ending 31 December 2010.

6. INTEREST OF THE DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM

To the best of TRB's knowledge, none of the Directors, major shareholders and persons connected with them have any interest, directly or indirectly, in the Voluntary Liquidation.

7. DIRECTORS' STATEMENT

The Members' Council and the shareholder of EGV are of the opinion that EGV is solvent and is able to meet its obligations as and when it falls due.

The Board of Directors of TRB having considered all aspects of the Voluntary Liquidation is of the opinion that the Voluntary Liquidation is in the best interest of TRB.

This announcement is dated 24 September 2010.


FITTERS - General Announcement

Announcement Type: General Announcement
Company Name: FITTERS DIVERSIFIED BERHAD
Stock Name: FITTERS
Date Announced: 24/09/2010

Announcement Detail:
Type: Announcement

Subject: FITTERS DIVERSIFIED BERHAD ('FITTERS" or "the Company")
- Acquisition Of New Subsidiary - Solid Orient Holdings Sdn. Bhd.

Contents: 1. INTRODUCTION

The Board of Directors of FITTERS wishes to announce that the Company has on 24 September 2010 acquired two (2) ordinary shares of RM1.00 each in Solid Orient Holdings Sdn. Bhd. (Company No. 883999-M) ("SOH") representing 100% of the equity capital of SOH at a total cash consideration of RM2.00 ("the Acquisition"). Upon the Acquisition, SOH became a wholly-owned subsidiary of FITTERS.


2. BACKGROUND INFORMATION ON SOH

SOH is a company incorporated in Malaysia under the Companies Act, 1965 on 28 December 2009, having its registered office at Unit 07-02, Level 7, Persoft Tower, 6B Persiaran Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan and has an authorised share capital of RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each of which two (2) ordinary shares of RM1.00 each have been issued and fully paid-up. SOH has been a dormant company since its incorporation.


3. FINANCIAL EFFECT OF THE ACQUISITION

3.1 Issued and Paid-up Share Capital and Net Tangible Assets

The Acquisition will not have any material effect on the Issued and Paid-up Share Capital and Net Tangible Assets of FITTERS Group.

3.2 Earnings

The Acquisition is not expected to have any material impact on the earnings of FITTERS Group.

3.3 Liability

No liability is assumed by FITTERS in the Acquisition.


4. APPROVAL

The Acquisition does not require the approval of the Shareholders of FITTERS.


5. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTERESTS

None of the Directors and/or Substantial Shareholders of the Company and/or persons connected with such Directors or Substantial Shareholders have any interest, direct or indirect in the aforesaid Acquisition.

This announcement is dated 24 September 2010.


LAYHONG - LAYHONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")

Announcement Type: Listing Circular
Company Name: LAY HONG BERHAD
Stock Name: LAYHONG
Date Announced: 24/09/2010

Announcement Detail:
Subject: LAYHONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")

Contents: Kindly be advised that the abovementioned Company's additional 237,000 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 28 September 2010.


LINEAR - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 24/09/2010

Announcement Detail:
Date of change: 24/09/2010

Type of change: Appointment

Designation: Member of Audit Committee

Directorate: Independent & Non Executive

Name: Adam Bin Bachek

Age: 61

Nationality: Malaysian

Qualifications: Encik Adam Bin Bachek holds a Bachelor of Laws (Hons)
from University of Buckingham, United Kingdom and
a Diploma in Syariah Law & Practice from the International
Islamic University.

Working experience and occupation: Encik Adam Bin Bachek was appointed as Director of Gadang
on 19 Maly 1997. He is the Chairman of the Audit Committee
and Remuneration Committee. He is also a member of the
Nomination Committee.

Encik Adam Bin Bachek was admitted as an advocate and
solicitor of High Court of Malaya in 1990. Previously, he was
a senior police officer for 22 years before being called to the
Malaysian Bar. He served in various positions in the Police
Department before taking the optional retirement in 1991.

Currently, Encik Adam Bin Bachek is the senior partner of
the legal firm, Messrs Adam Bachek & Associates. Encik
Adam Bin Bachek does not hold any directorship in any
other public company.

Directorship of public companies (if any): Nil

Family relationship with any director and/or major shareholder of the listed issuer: Nil

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: Nil

Composition of Audit Committee (Name and Directorate of members after change): Mr. Neoh Chee Kean - Chairman (Independent Non-Executive
Director)
Mr. Pervez Rustim Manecksha @ Paul Manecksha - Member
(Independent Non-executive DIrector)
Mr. Adam Bin Bachek - Member (Independent Non-Executive
Director)


LINEAR - General Announcement

Announcement Type: General Announcement
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 24/09/2010

Announcement Detail:
Type: Announcement

Subject: Linear Corporation Berhad ("Linear" or "Company")
Monthly Announcement Pursuant to Practice Note 1/2001
("PN1") of the Main Market Listing Requirements of Bursa
Malaysia Securities Berhad
Default in Payment

Contents: In compliance with paragraph 3.2 of Practice Note 1/2001 and further to the announcement made on
August 25, 2010, the Board of Directors of Linear wishes to announce that there has been no material
development on the status as announced previously on August 25, 2010.

This announcement is dated September 24, 2010.


HIRO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: HIROTAKO HOLDINGS BHD
Stock Name: HIRO
Date Announced: 24/09/2010

Announcement Detail:
Date of buy back: 24/09/2010

Description of shares purchased: ordinary shares

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 5,000

Minimum price paid for each share purchased ($$): 1.160

Maximum price paid for each share purchased ($$): 1.160

Total consideration paid ($$): 5,835.74

Number of shares purchased retained in treasury (units): 5,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 1,350,160

Adjusted issued capital after cancellation (no. of shares) (units): 0

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.76



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