IE - PRACTICE NOTE 17 / GUIDANCE NOTE 3: REGULARISATION PLAN
Announcement Type: General Announcement
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: INTELLIGENT EDGE TECHNOLOGIES BERHAD (ACE Market)
Stock Name: IE
Date Announced: 28/07/2011
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description: STATUS OF PLAN TO REGULARISE FINANCIAL CONDITION PURSUANT TO GUIDANCE NOTE 3 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") FOR THE ACE MARKET ("GN3")("THE REGULARISATION PLAN")
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: INTELLIGENT EDGE TECHNOLOGIES BERHAD (ACE Market)
Stock Name: IE
Date Announced: 28/07/2011
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description: STATUS OF PLAN TO REGULARISE FINANCIAL CONDITION PURSUANT TO GUIDANCE NOTE 3 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") FOR THE ACE MARKET ("GN3")("THE REGULARISATION PLAN")
EBWORX - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: EBWORX BERHAD (ACE Market)
Stock Name: EBWORX
Date Announced: 28/07/2011
Announcement Detail:
Date of buy back: 28/07/2011
Description of shares purchased: Ordinary shares of RM 0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 0.505
Maximum price paid for each share purchased ($$): 0.505
Total consideration paid ($$): 5,050.00
Number of shares purchased retained in treasury (units): 10,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 6,161,100
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.01
Company Name: EBWORX BERHAD (ACE Market)
Stock Name: EBWORX
Date Announced: 28/07/2011
Announcement Detail:
Date of buy back: 28/07/2011
Description of shares purchased: Ordinary shares of RM 0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 0.505
Maximum price paid for each share purchased ($$): 0.505
Total consideration paid ($$): 5,050.00
Number of shares purchased retained in treasury (units): 10,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 6,161,100
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.01
SYSTECH - OTHERS
Announcement Type: General Announcement
Company Name: SYSTECH BHD (ACE Market)
Stock Name: SYSTECH
Date Announced: 28/07/2011
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: OTHERS
Description: SYSTECH BHD ("SYSTECH" OR "COMPANY") - RESTRUCTURING SCHEME OF VIZTEL SOLUTIONS BERHAD INVOLVING INTER-ALIA, THE ACQUISITION OF SYSCATECH SDN BHD ("SYSCATECH") BY SYSTECH AND THE RESULTANT LISTING OF SYSTECH ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD IN PLACE OF VIZTEL SOLUTIONS BERHAD ("RESTRUCTURING SCHEME")
Attachments: Syscatech SB 2011.pdf
Company Name: SYSTECH BHD (ACE Market)
Stock Name: SYSTECH
Date Announced: 28/07/2011
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: OTHERS
Description: SYSTECH BHD ("SYSTECH" OR "COMPANY") - RESTRUCTURING SCHEME OF VIZTEL SOLUTIONS BERHAD INVOLVING INTER-ALIA, THE ACQUISITION OF SYSCATECH SDN BHD ("SYSCATECH") BY SYSTECH AND THE RESULTANT LISTING OF SYSTECH ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD IN PLACE OF VIZTEL SOLUTIONS BERHAD ("RESTRUCTURING SCHEME")
Attachments: Syscatech SB 2011.pdf
FONICS - PRACTICE NOTE 17 / GUIDANCE NOTE 3: REGULARISATION PLAN
Announcement Type: General Announcement
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: FOTRONICS CORPORATION BERHAD (ACE Market)
Stock Name: FONICS
Date Announced: 28/07/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description: Reference is made to the announcement dated 4 April 2011 in relation to the Proposed Restructuring Scheme wherein it was announced that the Company had entered into a conditional definitive agreement with Grorich Corporation Sdn Bhd ("GCSB" or the "Vendor") to undertake a series of proposals to regularise the financial condition of Fonics ("Definitive Agreement").
As part of the conditions of the Definitive Agreement, on 20 April 2011, Optimum Dignity Sdn Bhd ("ODSB" or "Newco") i.e. the special purpose vehicle identified to serve as Newco and the Vendor had both entered into a conditional share sale agreement for the proposed acquisition of 3,500,350 ordinary shares of RM1.00 each in Grorich Sdn Bhd ("GSB") representing the entire equity interest in GSB ("GSB Shares") ("Original GSB Acquisition SSA"). Further, on the same said date, the Company and the Vendor had entered into supplemental definitive agreement to vary certain terms of the Definitive Agreement ("Supplemental Definitive Agreement").
M&A Securities Sdn Bhd ("M&A Securities"), on behalf of the Board of Directors ("Board") of Fonics, wishes to inform that subsequent to the above, Fonics and the Vendor proposed certain terms in relation to the Proposed Restructuring Scheme ("Variations") as set out in the announcement dated 20 April 2011 ("Requisite Announcement").
As part of the Variations, on 28 July 2011, Optimum Dignity Sdn Bhd ("ODSB" or "Newco") i.e. the special purpose vehicle identified to serve as Newco and the Vendor had both entered into the following:
(i) an amended and restated sale and purchase agreement to vary certain terms and conditions of the Original GSB Acquisition SSA pertaining to the revision of the purchase consideration from RM26,000,000 to RM35,600,000 ("GSB Acquisition SSA"); and
(ii) a conditional share sale agreement for the proposed acquisition of 7,695,000 ordinary shares of RM1.00 each in Grorich Land Sdn Bhd ("GLSB") representing approximately 99.94% equity interest in GLSB ("GLSB Shares") ("GLSB Acquisition SSA").
Further, on the same said date, the Company and the Vendor had entered into a definitive agreement to amend and restate certain terms of the Definitive Agreement consequential to the Variations ("Restated Definitive Agreement").
The execution of Restated Definitive Agreement serves to restate the terms of Fonics' regularisation plan. The amended details of the Proposed Restructuring Scheme are set out in Section 2 below. The corresponding details in the sections following thereto reflect the amendments in the Restated Definitive Agreement, GSB Acquisition SSA and the GLSB Acquisition SSA and shall supersede those in the previous announcement of the Company dated 21 April 2011.
Kindly refer to the attachment for details of the announcement.
This announcement is dated 28 July 2011
Attachments: Fonics - Req Anncmt - Variation.pdf
Submitting Merchant Bank: M & A SECURITIES SDN BHD
Company Name: FOTRONICS CORPORATION BERHAD (ACE Market)
Stock Name: FONICS
Date Announced: 28/07/2011
Announcement Detail:
Type: Announcement
Subject: PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description: Reference is made to the announcement dated 4 April 2011 in relation to the Proposed Restructuring Scheme wherein it was announced that the Company had entered into a conditional definitive agreement with Grorich Corporation Sdn Bhd ("GCSB" or the "Vendor") to undertake a series of proposals to regularise the financial condition of Fonics ("Definitive Agreement").
As part of the conditions of the Definitive Agreement, on 20 April 2011, Optimum Dignity Sdn Bhd ("ODSB" or "Newco") i.e. the special purpose vehicle identified to serve as Newco and the Vendor had both entered into a conditional share sale agreement for the proposed acquisition of 3,500,350 ordinary shares of RM1.00 each in Grorich Sdn Bhd ("GSB") representing the entire equity interest in GSB ("GSB Shares") ("Original GSB Acquisition SSA"). Further, on the same said date, the Company and the Vendor had entered into supplemental definitive agreement to vary certain terms of the Definitive Agreement ("Supplemental Definitive Agreement").
M&A Securities Sdn Bhd ("M&A Securities"), on behalf of the Board of Directors ("Board") of Fonics, wishes to inform that subsequent to the above, Fonics and the Vendor proposed certain terms in relation to the Proposed Restructuring Scheme ("Variations") as set out in the announcement dated 20 April 2011 ("Requisite Announcement").
As part of the Variations, on 28 July 2011, Optimum Dignity Sdn Bhd ("ODSB" or "Newco") i.e. the special purpose vehicle identified to serve as Newco and the Vendor had both entered into the following:
(i) an amended and restated sale and purchase agreement to vary certain terms and conditions of the Original GSB Acquisition SSA pertaining to the revision of the purchase consideration from RM26,000,000 to RM35,600,000 ("GSB Acquisition SSA"); and
(ii) a conditional share sale agreement for the proposed acquisition of 7,695,000 ordinary shares of RM1.00 each in Grorich Land Sdn Bhd ("GLSB") representing approximately 99.94% equity interest in GLSB ("GLSB Shares") ("GLSB Acquisition SSA").
Further, on the same said date, the Company and the Vendor had entered into a definitive agreement to amend and restate certain terms of the Definitive Agreement consequential to the Variations ("Restated Definitive Agreement").
The execution of Restated Definitive Agreement serves to restate the terms of Fonics' regularisation plan. The amended details of the Proposed Restructuring Scheme are set out in Section 2 below. The corresponding details in the sections following thereto reflect the amendments in the Restated Definitive Agreement, GSB Acquisition SSA and the GLSB Acquisition SSA and shall supersede those in the previous announcement of the Company dated 21 April 2011.
Kindly refer to the attachment for details of the announcement.
This announcement is dated 28 July 2011
Attachments: Fonics - Req Anncmt - Variation.pdf
ETITECH - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS DURING CLOSED PERIOD
Announcement Type: General Announcement
Company Name: ETI TECH CORPORATION BERHAD
Stock Name: ETITECH
Date Announced: 28/07/2011
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Description: Notification under Chapter 14 of the Bursa Securities Main Market Listing Requirements on Dealings in Securities
Company Name: ETI TECH CORPORATION BERHAD
Stock Name: ETITECH
Date Announced: 28/07/2011
Announcement Detail:
Type: Announcement
Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Description: Notification under Chapter 14 of the Bursa Securities Main Market Listing Requirements on Dealings in Securities
CIMB - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 28/07/2011
Announcement Detail:
Date of buy back: 28/07/2011
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 49
Minimum price paid for each share purchased ($$): 8.300
Maximum price paid for each share purchased ($$): 8.300
Total consideration paid ($$): 419.83
Number of shares purchased retained in treasury (units): 49
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,664
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0
Remarks: c.c. Securities Commission
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 28/07/2011
Announcement Detail:
Date of buy back: 28/07/2011
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 49
Minimum price paid for each share purchased ($$): 8.300
Maximum price paid for each share purchased ($$): 8.300
Total consideration paid ($$): 419.83
Number of shares purchased retained in treasury (units): 49
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,664
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0
Remarks: c.c. Securities Commission
RHBCAP - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Company Name: RHB CAPITAL BERHAD
Stock Name: RHBCAP
Date Announced: 28/07/2011
Announcement Detail:
Date of change: 28/07/2011
Type of change: Appointment
Designation: Assistant Secretary
License no.: MAICSA NO. 7028292
Name: Chin So Ching
Company Name: RHB CAPITAL BERHAD
Stock Name: RHBCAP
Date Announced: 28/07/2011
Announcement Detail:
Date of change: 28/07/2011
Type of change: Appointment
Designation: Assistant Secretary
License no.: MAICSA NO. 7028292
Name: Chin So Ching
MBFHLDG - OTHERS
Announcement Type: General Announcement
Company Name: MBF HOLDINGS BERHAD
Stock Name: MBFHLDG
Date Announced: 28/07/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: INCORPORATION OF SUBSIDIARIES IN PAPUA NEW GUINEA ("PNG")
Attachments: General Announcement (2).pdf
Company Name: MBF HOLDINGS BERHAD
Stock Name: MBFHLDG
Date Announced: 28/07/2011
Announcement Detail:
Type: Announcement
Subject: OTHERS
Description: INCORPORATION OF SUBSIDIARIES IN PAPUA NEW GUINEA ("PNG")
Attachments: General Announcement (2).pdf
SDRED - GENERAL MEETINGS: NOTICE OF MEETING
Announcement Type: General Announcement
Company Name: SELANGOR DREDGING BERHAD
Stock Name: SDRED
Date Announced: 28/07/2011
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
NOTICE OF MEETING
Description: Selangor Dredging Berhad
- Notice of Fiftieth Annual General Meeting
Attachments: SDB-Notice of AGM.pdf
Company Name: SELANGOR DREDGING BERHAD
Stock Name: SDRED
Date Announced: 28/07/2011
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
NOTICE OF MEETING
Description: Selangor Dredging Berhad
- Notice of Fiftieth Annual General Meeting
Attachments: SDB-Notice of AGM.pdf
AFG - GENERAL MEETINGS: OUTCOME OF MEETING
Announcement Type: General Announcement
Company Name: ALLIANCE FINANCIAL GROUP BERHAD
Stock Name: AFG
Date Announced: 28/07/2011
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
OUTCOME OF MEETING
Description: The Board of Directors of the Company is pleased to announce that at the 45th Annual General Meeting ("AGM") of the Company held on 28 July 2011, all the resolutions as set out in the Notice of AGM dated 1 July 2011 as follows were duly passed :
Resolution 1
The Audited Financial Statements for the financial year ended 31 March 2011 together with the Reports of the Directors and Auditors were received.
Resolution 2
The payment of Directors' fees in respect of the financial year ended 31 March 2011 was approved.
Resolution 3
Datuk Oh Chong Peng, who retires in accordance with Article 82 of the Company's Articles of Association, was re-elected as Director of the Company.
Resolution 4
Megat Dziauddin bin Megat Mahmud, who retires in accordance with Article 82 of the Company's Articles of Association, was re-elected as Director of the Company.
Resolution 5
Sng Seow Wah, who retires in accordance with Article 89 of the Company's Articles of Association, was re-elected as Director of the Company.
Resolution 6
Messrs PricewaterhouseCoopers was re-appointed as Auditors of the Company at a remuneration to be fixed by the Directors.
Resolution 7
Dato' Thomas Mun Lung Lee, who retires pursuant to Section 129 of the Companies Act, 1965 was re-appointed as Director of the Company to hold office until the conclusion of the next Annual General Meeting of the Company.
Resolution 8
The Directors of the Company were authorised at any time, and from time to time, to offer and to grant option or options to subscribe for or purchase, and/or to award Shares in the Company for up to a maximum of 1,500,000 Shares in the Company per annum over the period of the Employees' Share Scheme ("ESS") of the Company, to Sng Seow Wah, being the Group Chief Executive Officer of Alliance Bank Malaysia Berhad and a Director of the Company, subject always to such terms and conditions of the Bye-Laws of the ESS;
AND to allot and issue and/or award from time to time new Shares to him pursuant to the exercise of such options and/or award of Shares.
This announcement is dated 28 July 2011.
Company Name: ALLIANCE FINANCIAL GROUP BERHAD
Stock Name: AFG
Date Announced: 28/07/2011
Announcement Detail:
Type: Announcement
Subject: GENERAL MEETINGS
OUTCOME OF MEETING
Description: The Board of Directors of the Company is pleased to announce that at the 45th Annual General Meeting ("AGM") of the Company held on 28 July 2011, all the resolutions as set out in the Notice of AGM dated 1 July 2011 as follows were duly passed :
Resolution 1
The Audited Financial Statements for the financial year ended 31 March 2011 together with the Reports of the Directors and Auditors were received.
Resolution 2
The payment of Directors' fees in respect of the financial year ended 31 March 2011 was approved.
Resolution 3
Datuk Oh Chong Peng, who retires in accordance with Article 82 of the Company's Articles of Association, was re-elected as Director of the Company.
Resolution 4
Megat Dziauddin bin Megat Mahmud, who retires in accordance with Article 82 of the Company's Articles of Association, was re-elected as Director of the Company.
Resolution 5
Sng Seow Wah, who retires in accordance with Article 89 of the Company's Articles of Association, was re-elected as Director of the Company.
Resolution 6
Messrs PricewaterhouseCoopers was re-appointed as Auditors of the Company at a remuneration to be fixed by the Directors.
Resolution 7
Dato' Thomas Mun Lung Lee, who retires pursuant to Section 129 of the Companies Act, 1965 was re-appointed as Director of the Company to hold office until the conclusion of the next Annual General Meeting of the Company.
Resolution 8
The Directors of the Company were authorised at any time, and from time to time, to offer and to grant option or options to subscribe for or purchase, and/or to award Shares in the Company for up to a maximum of 1,500,000 Shares in the Company per annum over the period of the Employees' Share Scheme ("ESS") of the Company, to Sng Seow Wah, being the Group Chief Executive Officer of Alliance Bank Malaysia Berhad and a Director of the Company, subject always to such terms and conditions of the Bye-Laws of the ESS;
AND to allot and issue and/or award from time to time new Shares to him pursuant to the exercise of such options and/or award of Shares.
This announcement is dated 28 July 2011.
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