October 30, 2012

Company announcements: INSTACO, INSBIO, UTOPIA, AMBANK, IGB, MRCB, TRINITY, AFG

INSTACO - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameINSTACOM GROUP BERHAD (ACE Market) 
Stock Name INSTACO  
Date Announced30 Oct 2012  
CategoryChange in Boardroom
Reference NoCZ-121030-52115

Admission SponsorOSK Investment Bank Bhd
SponsorSame as above
Date of change30/10/2012
NameCHOO SENG CHOON
Age38
NationalityMALAYSIAN
Type of changeRedesignation
Previous PositionDirector
New PositionChairman & Director
DirectorateIndependent & Non Executive
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuer 
Any conflict of interests that he/she has with the listed issuer 
Details of any interest in the securities of the listed issuer or its subsidiaries 

Remarks :
THIS ANNOUNCEMENT WAS DATED 30 OCTOBER 2012

INSBIO - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameINS BIOSCIENCE BERHAD (ACE Market) 
Stock Name INSBIO  
Date Announced30 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121030-5B9A7

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionINS BIOSCIENCE BERHAD (“INSBIO” or “the Company”)
MATERIAL LITIGATION

LOS ANGELES SUPERIOR COURT CASE NO. SC 111260

PLAINTIFFS
1) CHRISTIAN COFFINET
2) FRANK ANNENBERG

vs

DEFENDANTS
1) INS USA INC
2) INS HOLDINGS BHD
3) INS BIOSCIENCE BHD
4) DATUK DAVID YEAT SEW CHUONG
5) WONG SENG TONG
6) EDWARD LING
7) OLA MADSEN
8) SCOTT B. GILES
9) CARMELITA REYES
10) MARISSA CRIS GINES

The Board of Directors of INSBIO (“the Board”) wishes to announce that the Company is involved in a civil suit filed by Christian Coffinet (“Coffinet”) and Frank Annenberg (collectively “the Plaintiffs”) on 28.1.2011 against INSBIO, Datuk Yeat Sew Chuong, Wong Seng Tong and 7 other Defendants (collectively “the Defendants”) bearing Case No. SC 111260 in Los Angeles Superior Court, State of California, United States of America.



The Company had on 14 February 2012 received a letter from the Plaintiffs’ solicitors, Law Offices of Katherine R. Cohan, APLC together with:-

1.��� Summons (Amended Complaint) dated 01.02.2012;
2.��� Summons dated 28.01.2011;
3.��� Civil Case Cover Sheet dated 28.01.2011;
4.��� Civil Case Cover Sheet Addendum and Statement of Location dated 28.01.2011;
5.��� First Amended Complaint dated 31.01.2012;
6. ��� Notice of Ruling (Case Management Conference) dated 15.11.2011;

(collectively, “the Cause Papers”).

Events leading to the civil suit as pleaded by the Plaintiffs are summarized as follows:
a)��� The Plaintiff, Coffinet is an individual who had participated in the “INS USA Distribution Centers Programme (DC)” / “INS USA Easy Pha-max Centers Programme (EC)” on INS USA’s standard terms and conditions. INSBIO was supplying the products to INS USA via The Origin Foods Sdn Bhd, one of INSBIO’s subsidiaries. .

b)��� As pleaded by the Plaintiffs in the Summons, Coffinet joined Mega Inc as an independent distributor in January 2006. The Plaintiffs further alleged that throughout January 2006 until approximately August 2006, INS USA Inc (“INS USA”), INS Holdings Bhd and the Company assumed the assets of Mega Inc and conducted the business under the name of “Mega Inc” and was selling the products of Mega Inc which were essentially health-care products, supplements and so on. On or around August 2007, INS USA, INS Holdings and INS Bioscience ceased using the name of “Mega Inc” and conducted business from that point on under the name of “INS USA Inc”.�

c)��� Coffinet further alleged that in reliance on the representation of the Defendants or their representatives, he had purchased one (1) Distribution Centre and forty (40) Easy Pha-Max Centers upon the terms and conditions set out in the Distribution Center Agreement and Easy Pha-Max Center Agreements executed between INS USA and Coffinet (collectively “the Agreements”).

d)��� Coffinet also alleged that the Defendants had failed to fulfil their duties and obligations as set out in the Agreements and failed to pay the commission and return on investment as represented by the Defendants or their representatives to Coffinet.

e)��� The Plaintiffs’ causes of action as set out in the Summons are intentional misrepresentation (fraud), negligent misrepresentation, breach of contract, breach of implied covenant of good faith and fair dealing, breach of non-compete covenant, promissory estoppels, unjust enrichment, intentional interference with prospective economic advantage, negligent interference with prospective economic advantage, Unfair Competition under Business and Professions Code Section 17200 [Unfair Business Act or Practice] and False Advertising under Business and Professions Code Section 17500.

f)��� The relief sought against the Defendants as pleaded in the Summons vis-�-vis each of the cause of action include amongst others, general and compensatory damages in excess of US$963,000, prejudgment interest, consequential damages, emotional damages, punitive damages, monetary damages, loss of profit, economic damages and restitution respectively. The estimated potential liability as evidenced in the Plaintiff’s request for entry of default is at US$1,101,710.00.

INSBIO has engaged Messrs REYES LAW GROUP (“RLG”) of Wilshire Financial Towers, 3600 Wilshire Boulevard, Suite 820, Los Angeles, CA 90010 to defend the suit for and on behalf of INSBIO, its directors, Datuk Yeat Sew Chuong and Wong Seng Tong and INS Holdings.

INSBIO and its directors, Datuk Yeat Sew Chuong and Wong Seng Tong have represented to RLG that the INSBIO does not have any contractual relationship with INS USA nor the Plaintiffs and INSBIO does not have common directors and shareholders with INS USA and as such a proposed step being contemplated is to file a motion for summary judgment at some point shortly before trial, which if successful will get the Plaintiffs’ case dismissed.

RLG is of the opinion that the Plaintiffs’ legal position has no real merit and it will be easy enough to prove that INSBIO’s version of facts is correct. If there is any liability of INS USA to be proven, it shouldn’t create any liability for INSBIO as they have no legal relationship to each other.

INSBIO does not expect to incur any losses arising from the suit and the suit will not have any effect on INSBIO’s financial position and operation.

As at to-date, the Court has fixed the suit for continued trial on 25.2.2013.

Further announcement on development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 30 October 2012.


INSBIO - OTHERS INS Bioscience Berhad (“the Company”) 1. Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature 2. Proposed Renewal of Authority for Share Buy-Back

Announcement Type: General Announcement
Company NameINS BIOSCIENCE BERHAD (ACE Market) 
Stock Name INSBIO  
Date Announced30 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121029-41106

TypeAnnouncement
SubjectOTHERS
DescriptionINS Bioscience Berhad (“the Company”)
1. Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature
2. Proposed Renewal of Authority for Share Buy-Back

The Board of Directors of INS Bioscience Berhad wishes to announce that the Company do not intend to seek its shareholders’ approval pertaining to the following proposals at the Company’s forthcoming Ninth Annual General Meeting.:-

1. Proposed Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions of A Revenue or Trading Nature; and

2. Proposed Renewal of Authority for Share Buy-Back .

This announcement is dated 30 October 2012.� 

UTOPIA - Quarterly rpt on consolidated results for the financial period ended 31/8/2012 (Amended Announcement)

Announcement Type: Financial Results
Company Name1 UTOPIA BERHAD (ACE Market) 
Stock Name UTOPIA  
Date Announced30 Oct 2012  
CategoryFinancial Results
Reference NoCC-121030-51344

Financial Year End30/11/2012
Quarter3
Quarterly report for the financial period ended31/08/2012
The figureshave not been audited

Attachments

3_Qtr_Results_2012_31_aug_2012 (2).doc
347 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/08/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/08/2012
31/08/2011
31/08/2012
31/08/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
142,385
115,309
407,410
326,874
2Profit/(loss) before tax
1,407
863
2,441
2,462
3Profit/(loss) for the period
744
577
978
1,364
4Profit/(loss) attributable to ordinary equity holders of the parent
345
272
-112
188
5Basic earnings/(loss) per share (Subunit)
0.05
0.04
-0.02
0.04
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.1300
0.1300

Remarks :
This announcement supercedes the earlier announcement made on 29 October 2012 in that:-
i) the Basic earnings/(loss) per share (Subunit) for the Individual Quater Current Year Quater should be 0.05 instead of -0.03.
ii) the Basic earnings/(loss) per share (Subunit) for the Cumulative Quater Current Year To Date should be -0.02 instead of -0.08.
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence

AMBANK - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameAMMB HOLDINGS BERHAD  
Stock Name AMBANK  
Date Announced30 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAH-121030-2FD3B

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
[Disposal of 330,000 shares]

2. Employees Provident Fund Board

3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KIB)

4. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (MAYBAN)

5. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ALLIANCE)

6. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)

7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (PHEIM)

8. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB PRI)

9. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ARIM)

10. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (TEMPLETON)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed24/10/2012
330,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change428,333,257
Date of notice25/10/2012

Remarks :
This notice was received on 30 October 2012.

IGB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameIGB CORPORATION BERHAD  
Stock Name IGB  
Date Announced30 Oct 2012  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoIC-121030-42F55

Date of buy back30/10/2012
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)900,700
Minimum price paid for each share purchased ($$)2.450
Maximum price paid for each share purchased ($$)2.450
Total consideration paid ($$)2,214,197.17
Number of shares purchased retained in treasury (units)900,700
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)66,379,967
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 (%)4.45

MRCB - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB  
Date Announced30 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMR-121030-64308

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak
Peti Surat 11025
50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderLembaga Tabung Haji
Mayban Investment Mgt Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired24/10/2012
500,000
 
Acquired24/10/2012
100,000
 
Acquired25/10/2012
500,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect and Indeirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change106,098,673
Date of notice29/10/2012

TRINITY - OTHERS TRINITY CORPORATION BERHAD ("TRINITY" or "the Company") DISPOSAL OF PANDAN INDAH MEDICAL MANAGEMENT SDN BHD

Announcement Type: General Announcement
Company NameTRINITY CORPORATION BERHAD  
Stock Name TRINITY  
Date Announced30 Oct 2012  
CategoryGeneral Announcement
Reference NoTC-121023-BA58E

TypeAnnouncement
SubjectOTHERS
DescriptionTRINITY CORPORATION BERHAD ("TRINITY" or "the Company")
DISPOSAL OF PANDAN INDAH MEDICAL MANAGEMENT SDN BHD

The Board of Directors of TRINITY wishes to announce that the Company has on 30 October 2012 entered into a Shares Sale Agreement ("SSA") with Plenitude Silver Sdn Bhd (Company No. 950498-A) ["PSSB"] to dispose of 207,800 Ordinary Shares of RM1.00 each and 213,300 of 5% Cumulative Redeemable Preference Shares of RM1.00 each ("Sale Shares") representing 100% equity interest in Pandan Indah Medical Management Sdn Bhd ("PIMM") to PSSB for a cash consideration of Ringgit Malaysia Two (RM2.00) only ("Disposal").

PIMM and its wholly owned subsidiary, Talam Medical Centre Sdn Bhd will cease to be subsidiaries of TRINITY upon the completion of the Disposal on 31 October 2012.

None of the directors and/or the major shareholders of the Company and/or persons connected with them have any interest, direct or indirect in the Disposal and no approval of shareholders is required.

This announcement is dated 30 October 2012.


AFG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameALLIANCE FINANCIAL GROUP BERHAD  
Stock Name AFG  
Date Announced30 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAF-121030-36C61

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed24/10/2012
524,000
 

Circumstances by reason of which change has occurredDisposed
Nature of interestDirect Interest
Direct (units)232,768,040 
Direct (%)15.03 
Indirect/deemed interest (units)0 
Indirect/deemed interest (%)0 
Total no of securities after change232,768,040
Date of notice25/10/2012

Remarks :
The Form 29B dated 25 October 2012 was received on 30 October 2012.

AFG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameALLIANCE FINANCIAL GROUP BERHAD  
Stock Name AFG  
Date Announced30 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAF-121030-3363F

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired23/10/2012
72,400
 

Circumstances by reason of which change has occurredAcquired
Nature of interestDirect Interest
Direct (units)233,292,040 
Direct (%)15.07 
Indirect/deemed interest (units)0 
Indirect/deemed interest (%)0 
Total no of securities after change233,292,040
Date of notice24/10/2012

Remarks :
The Form 29B dated 24 October 2012 was received on 29 October 2012.

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