September 14, 2012

Company announcements: IFCAMSC, CBSA, GRANFLO, DAYA, BAHVEST, TMCLIFE, N2N

IFCAMSC - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameIFCA MSC BERHAD (ACE Market) 
Stock Name IFCAMSC  
Date Announced14 Sept 2012  
CategoryGeneral Announcement
Reference NoOI-120914-53425

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionIFCA MSC BERHAD ("IFCA" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE COMPANY'S ISSUED AND PAID-UP SHARE CAPITAL TO INVESTORS TO BE IDENTIFIED ("PROPOSED PRIVATE PLACEMENT")
We refer to the announcements dated 26 March 2012, 27 March 2012, 5 April 2012, 10 May 2012 and 15 May 2012 in relation to the Proposed Private Placement.
On behalf of the Board of Directors of IFCA ("Board"), OSK Investment Bank Berhad wishes to announce that the Board had on 14 September 2012 fixed the issue price for the first tranche of the Private Placement, comprising 20,000,000 new ordinary shares of RM0.10 each in IFCA ("IFCA Share (s)") ("Placement Share(s)") at RM0.10 per Placement Share.

The issue price of RM0.10 per Placement Share represents the par value of IFCA Shares and is a premium of 2.67% to the five (5)-day Weighted Average Market Price of and up to and including 13 September 2012 of RM0.0974.

The Board is currently identifying suitable placees for the remaining Placement Shares of up to 23,005,300 IFCA Shares. The relevant announcements for the remaining Placement Shares shall be made in due course.



This announcement is dated 14 September 2012.


IFCAMSC - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameIFCA MSC BERHAD (ACE Market) 
Stock Name IFCAMSC  
Date Announced14 Sept 2012  
CategoryChange in Principal Officer
Reference NoIM-120914-56942

Date of change15/09/2012
NameLam Chin Fai
Age47
NationalityMalaysian
DesignationChief Financial Officer
Type of changeResignation
ReasonTo pursue other career advancement
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsMaster of Business Administration, Heriot-Watt
University, Edinburgh, UK
Working experience and occupation Possess more than 20 years of working
experience in finance and accounting in various
industries. Joined IFCA MSC Berhad as Finance
Manager in August 2010, responsible for the
overall management of the financial functions of
the Group, as well as the Group’s compliance with
the financial reporting requirements and the
supervision of the Group’s accounting staff.
Family relationship with any director and/or major shareholder of the listed issuerNo
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNo
Details of any interest in the securities of the listed issuer or its subsidiariesNo


CBSA - Changes in Sub. S-hldr's Int. (29B) - Tan Tian Sin

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameCBSA BERHAD  
Stock Name CBSA  
Date Announced14 Sept 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-120914-BF9A6

Particulars of substantial Securities Holder

NameTan Tian Sin
Address4571, Jalan Jasin
77300 Merlimau
Melaka
NRIC/Passport No/Company No.601110-04-5319
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderTan Tian Sin
4571, Jalan Jasin
77300 Merlimau
Melaka

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired11/09/2012
8,300
 
Acquired12/09/2012
27,300
 

Circumstances by reason of which change has occurredAcquisition
Nature of interestDirect
Direct (units)35,600 
Direct (%)0.01 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change61,230,400
Date of notice14/09/2012


CBSA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameCBSA BERHAD  
Stock Name CBSA  
Date Announced14 Sept 2012  
CategoryGeneral Announcement
Reference NoCA-120914-BF9B2

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionCBSA BERHAD ("CBSA")
-NOTIFICATION UNDER CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ON DEALINGS IN SECURITIES

This is to notify that the Company has received notifications from Mr. Tan Tian Sin, its Group Managing Director on his dealings in the securities of the Company as follows:-

Table 1

Date of Change

Type of Transaction

Price Transacted per Share

Number of Shares

% of Issued Shares

11.09.2012

Acquisition

RM0.35

8,300

0.003%

12.09.2012

Acquisition

RM0.35

27,300

0.01%



CBSA - Changes in Director's Interest (S135) - Tan Tian Sin

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameCBSA BERHAD  
Stock Name CBSA  
Date Announced14 Sept 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCA-120914-BF9B5

Information Compiled By KLSE

Particulars of Director

NameTan Tian Sin
Address4571, Jalan Jasin
77300 Merlimau
Melaka
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
11/09/2012
8,300
 
Acquired
12/09/2012
27,300
 

Circumstances by reason of which change has occurredAcquisition
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)61,230,400 
Direct (%)25.49 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice14/09/2012


GRANFLO - General Announcement

Announcement Type: General Announcement
Company NameGRAND-FLO SOLUTION BERHAD (ACE Market) 
Stock Name GRANFLO  
Date Announced14 Sept 2012  
CategoryGeneral Announcement
Reference NoCM-120914-60227

TypeAnnouncement
SubjectOTHERS
DescriptionGRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR “COMPANY”)
- SHARE ACQUISITION BY LABELS NETWORK SDN BHD (“LABELS NETWORK”), A WHOLLY-OWNED SUBSIDIARY COMPANY OF GRAND-FLO, ACQUIRED 42,800 ORDINARY SHARES OF VND10,000 EACH IN HIGH RICH TRADING & SERVICE CORPORATION (“HIGH RICH”), REPRESENTING 40% OF THE CHARTER CAPITAL OF HIGH RICH, FOR A CASH CONSIDERATION OF USD150,000 (RM461,985) (“PURCHASE CONSIDERATION”) (“ACQUISITION”)

�� 

1. INTRODUCTION

The Board of Directors of Grand-Flo (“Board”) is pleased to announce that Grand-Flo’s subsidiary company, Labels Network, has on 30 June 2012 entered into a Share Acquisition Agreement with Simat Label Company Limited (“Simat Label”), a subsidiary company of Grand-Flo’s associate company namely Simat Technologies Public Company Ltd, to acquire the 42,800 ordinary shares of VND10,000 each in High Rich, representing 40% of the total issued and paid-up share capital of High Rich, from Simat Label for a cash consideration of USD150,000 (RM461,985).

 

2. BACKGROUND INFORMATION ON THE ACQUISITION

High Rich, a private limited company incorporated in Vietnam and it is principally engaged in the conversion of adhesive labels in Vietnam.

 

3.�������� SETTLEMENT OF THE PURCHASE CONSIDERATION

The acquisition will be funded by a cash payment of USD150,000 (RM461,985) funded by internally generated funds from Labels Network.

 

4.�������� RATIONALE FOR THE PROPOSED ACQUISITION

The Acquisition presents Grand-Flo and its subsidiaries and associated companies (“Grand-Flo Group” or the “Group”) with huge cross-marketing opportunities as well as regional presence with our tracking solutions which bring us closer to our vision of being a one-stop solution provider.

 

The Board of Directors of Grand-Flo (the “Board”) believes that High Rich will add its industry expertise and established product portfolio into Grand-Flo’s existing business. This will enable the Group to leverage on the combined experience and bring higher value-added solutions to our customers. Therefore, we believe that the inclusion of High Rich into the Grand-Flo Group will bring synergistic growth in many ways.

 

The Proposed Acquisition is expected to contribute positively to the future earnings of the Group.

 

5.�������� DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS

None of the Directors and/or substantial shareholders of Grand-Flo and persons connected to them, insofar as the Directors and substantial shareholders are able to ascertain and are aware, have any interest, direct or indirect, in the Acquisition.

 

6.�������� COMPLETION

The purchase consideration was settled and all other conditions precedent had been satisfied on 14 September 2012.

 


This announcement is dated 14 September 2012.



DAYA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameDAYA MATERIALS BERHAD  
Stock Name DAYA  
Date Announced14 Sept 2012  
CategoryGeneral Announcement
Reference NoCC-120914-51945

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionDaya Materials Berhad ("DMB" or "the Company")
- Dealings by Director Outside Closed Period

The Company wishes to inform Bursa Malaysia Securities Berhad ("Bursa Securities") that pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Securities, the Director, Dato' Mazlin Bin Md Junid had given notice informing the Company in relation to his dealings in the securities of DMB. The details are as follows:

Date of transaction : 13 September 2012

No. of Shares Transferred : 3,000,000

Percentage of change against issued capital of DMB : 0.245%

Consideration :�Not applicable

This announcement is dated 14 September 2012.�



BAHVEST - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameBORNEO AQUA HARVEST BERHAD (ACE Market) 
Stock Name BAHVEST  
Date Announced14 Sept 2012  
CategoryGeneral Announcement
Reference NoOS-120914-58115

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionBORNEO AQUA HARVEST BERHAD (“BAHVEST” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO 35,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN BAHVEST TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“PROPOSED PRIVATE PLACEMENT”)

On behalf of the Board of Directors of BAHVEST, M&A Securities Sdn Bhd wishes to announce that the Company proposes to implement a private placement of up to 35,000,000 new ordinary shares of RM0.10 each in BAHVEST to independent third party investor(s) to be identified.�


Kindly refer to the attachment for the details of the Proposed Private Placement.


This announcement is dated 14 September 2012.

Attachments

BAHVEST- Announcement.pdf
157 KB



TMCLIFE - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameTMC LIFE SCIENCES BERHAD  
Stock Name TMCLIFE  
Date Announced14 Sept 2012  
CategoryGeneral Announcement
Reference NoCA-120911-38129

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionExtension of Memorandum of Understanding dated 18 September 2008 between (1) Berjaya Corporation Berhad; (2) TMC Life Sciences Berhad; and (3) Viet Ha Corporation

Further to the announcement made on 19 September 2011 pertaining to the Memorandum of Understanding (“MoU”) with Berjaya Corporation Berhad and Viet Ha Corporation, the Company wishes to announce that the parties to the MoU have mutually agreed to extend the duration of the MoU for a further period of twelve (12) months from 18 September 2012 until 17 September 2013.

All definitions used in this announcement are as defined in our earlier announcement dated 18 September 2008, unless otherwise redefined in this announcement.

This announcement is dated 14 September 2012.



N2N - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameN2N CONNECT BERHAD (ACE Market) 
Stock Name N2N  
Date Announced14 Sept 2012  
CategoryGeneral Announcement
Reference NoOD-120914-62977

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionN2N CONNECT BERHAD (“N2N” or the “COMPANY”)

PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 108,110,000 FIVE (5)-YEAR WARRANTS 2013/2018 ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.10 EACH IN N2N (“N2N SHARES”) HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE OF WARRANTS")

On behalf of the Board of Directors of N2N, HwangDBS Investment Bank Berhad wishes to announce that the Company proposes to undertake a renounceable rights issue of up to 108,110,000 Warrants on the basis of one (1) Warrant for every three (3) N2N Shares held on an entitlement date and at an issue price to be determined later.

Please refer to the attachment for details of the Proposed Rights Issue of Warrants.

This announcement is dated 14 September 2012.

Attachments

Announcement.pdf
104 KB



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