October 23, 2012

Company announcements: MTOUCHE, CIMBA40, CIMBC25, OLYMPIA, BJCORP, MEDIA, GLOMAC, HOHUP, ASTRO

MTOUCHE - Notice of Person Ceasing (29C) - Raja Zainal Abidin Bin Raja Hussin

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Company NameMTOUCHE TECHNOLOGY BERHAD (ACE Market) 
Stock Name MTOUCHE  
Date Announced23 Oct 2012  
CategoryNotice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference NoCA-121023-49736

Particulars of substantial Securities Holder

NameRaja Zainal Abidin Bin Raja Hussin
AddressNo. 20-1, Jalan Setiawangsa 10,
Taman Setiawangsa,
45200 Kuala Lumpur
NRIC/Passport No/Company No.561019-01-5027
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Share of RM0.10 each
Date of cessation18/10/2012
Name & address of registered holderRaja Zainal Abidin Bin Raja Hussin
No. 20-1, Jalan Setiawangsa 10,
Taman Setiawangsa,
45200 Kuala Lumpur
CurrencyMalaysian Ringgit (MYR)
Number of securities disposed200,000 
Price Transacted ($$) 
Circumstances by reason of which a person ceases to be a substantial securities HolderDisposal of Shares
Nature of interestDirect Interest
Date of notice23/10/2012


CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced23 Oct 2012  
CategoryGeneral Announcement
Reference NoOB-121023-68387

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 23-Oct-2012
IOPV per unit (RM): 1.6101
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,930.63

Attachments

Asean40.pdf
10 KB



CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced23 Oct 2012  
CategoryGeneral Announcement
Reference NoOB-121023-68278

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 23-Oct-2012
IOPV per unit (RM): 0.9086
Units in circulation (units): 25,350,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 16,519.57

Attachments

China25.pdf
25 KB



OLYMPIA - OTHERS OLYMPIA INDUSTRIES BERHAD (“OIB” OR “COMPANY”) CANCELLATION OF 48,360,000 ORDINARY SHARES OF RM1.00 EACH IN OIB (“OIB SHARES” OR “SHARES”) ISSUED IN RELATION TO THE ACQUISITION OF 78% EQUITY INTEREST IN HARTA SEKATA SDN BHD (“HSSB”) (“CANCELLATION OF SHARES”)

Announcement Type: General Announcement
Company NameOLYMPIA INDUSTRIES BERHAD  
Stock Name OLYMPIA  
Date Announced23 Oct 2012  
CategoryGeneral Announcement
Reference NoOS-121023-64333

TypeAnnouncement
SubjectOTHERS
DescriptionOLYMPIA INDUSTRIES BERHAD (“OIB” OR “COMPANY”)

CANCELLATION OF 48,360,000 ORDINARY SHARES OF RM1.00 EACH IN OIB (“OIB SHARES” OR “SHARES”) ISSUED IN RELATION TO THE ACQUISITION OF 78% EQUITY INTEREST IN HARTA SEKATA SDN BHD (“HSSB”) (“CANCELLATION OF SHARES”)

We refer to the earlier announcements dated 12 April 2012, 1 June 2012, 6 June 2012, 28 June 2012, 31 July 2012, 13 August 2012 and 24 September 2012 respectively (“Announcements”).

Abbreviations and definitions used in this announcement shall be the same as those previously defined in the Announcements unless defined otherwise.


On behalf of OIB, TA Securities Holdings Berhad wishes to announce that the Court Order has been lodged with the Companies’ Commission of Malaysia today. Therefore, the Cancellation of Shares has taken effect today.


Accordingly, the issued and paid-up share capital of OIB is reduced from RM802,844,680.00 comprising 802,844,680 OIB Shares to RM754,484,680.00 comprising 754,484,680 OIB Shares.


This announcement is dated 23 October 2012.



BJCORP - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameBERJAYA CORPORATION BERHAD  
Stock Name BJCORP  
Date Announced23 Oct 2012  
CategoryGeneral Announcement
Reference NoBC-121022-56285

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionINVESTMENT OF 51% STAKE IN MOTHERS EN VOGUE SDN BHD

1. INTRODUCTION
      The Board of Directors of Berjaya Corporation Berhad ("BCorporation") wishes to announce that its 100%-owned subsidiary, Berjaya Group Berhad (“BGroup”), has on 23 October 2012 entered into a Share Sale and Subscription Agreement (“SSSA”) with Allan Maxwell Norton (“AMN”), Sharon Ho Ee Leng (“SHEL”) (collectively the “Existing Shareholders”) and Mothers en Vogue Sdn Bhd (“MEVSB”) for the investment of 51% equity interest in the enlarged share capital of MEVSB for a total cash consideration of approximately RM3.23 million (“ Investment”).

2. THE INVESTMENT

2.1 Pursuant to the SSSA, the Investment comprises the following:-

      i) The acquisition of 428,400 existing ordinary shares of RM1.00 each in MEVSB (“Sale Shares”) by BGroup from the Existing Shareholders in equal proportion for a total cash consideration of approximately RM1.72 million or at RM4.00 per share; and

      ii) The subscription of 378,000 new ordinary shares of RM1.00 each in MEVSB (“New Shares”) by BGroup for a total cash consideration of approximately RM1.51 million or at RM4.00 per share.

      Following completion of the Investment on 23 October 2012, BGroup currently holds a total of 806,400 shares representing 51% of the issued and paid–up share capital of MEVSB of 1,581,000 shares of RM1.00 each.
2.2 The Sale Shares was acquired free from all encumbrances and transferred with the benefit of all rights and benefits attaching thereto including the right to any dividends. The New Shares ranked pari pasu in all respects with the existing MEVSB shares.

2.3 There are no other liabilities to be assumed by BGroup arising from the Investment.

2.4 BGroup has financed the Investment by borrowings.

3. INFORMATION ON THE MEVSB GROUP

3.1 MEVSB was incorporated on 20 July 2012 in Malaysia under the Companies Act, 1965 and currently has an issued and paid-up share capital of RM1,581,000 comprising 1,581,000 ordinary share of RM1.00 each. The principal activity of MEVSB is investment holding.
    3.2 MEVSB has a 100%-owned subsidiary known as Mothers en Vogue Pte Ltd (“MEVPL”) which is principally involved in retail sale of wearing apparel for adults, maternity and breastfeeding/ nursing fashion. MEVPL which was incorporated on 24 March 2003 in Singapore, has an issued and paid-up share capital of Singapore Dollar (SGD) 165,000 comprising 165,000 ordinary shares.

    4. Basis of arriving at the cash consideration for the Investment
          The total cash consideration of approximately RM3.23 million or at RM4.00 per MEVSB share was arrived at on a willing-buyer willing-seller basis after taking into consideration, amongst other, the net assets value and future earnings potential of the MEVSB Group.

      5. RATIONALE FOR THE INVESTMENT
          Berjaya Bandartex Sdn Bhd, a 100%-owned subsidiary of BCorporation, is one of the main manufacturer and garment suppliers for the MEVSB Group. The Investment represents an opportunity for the BCorporation Group to take-up a controlling stake in an up-stream company which is expected to have good growth potential.

      6. EFFECTS OF THE INVESTMENT
          The Investment will not have any effect on the issued share capital and major shareholders’ shareholdings in BCorporation.

          The Investment will not have any material effect on the consolidated net equity funds and earnings of BCorporation for the current financial year ending 30 April 2013. The Investment is however expected to contribute positively to the future earnings of the BCorporation Group.
      7. CONDITIONS OF THE INVESTMENT
          The Investment is not subject to any relevant authority’s approval.

      8. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

      None of the Directors and/or major shareholders of BCorporation or persons connected to them has any interest, direct or indirect, in the Investment.

      9. DIRECTORS' RECOMMENDATION
          The Board of Directors of BCorporation is of the opinion that the Investment is in the best interest of the BCorporation Group.

      10. HIGHEST PERCENTAGE RATIO
          Pursuant to Chapter 10, Paragraph 10.2(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the highest percentage ratio that is applicable to the Investment is approximately 0.06%.

          On completion of the Investment, MEVSB has become a 51%-owned subsidiary of BCorporation. This Announcement is made pursuant to Chapter 9, Paragraph 9.19(23) of the MMLR.
      11. DOCUMENT AVAILABLE FOR INSPECTION
          The SSSA is available for inspection at the Registered Office of BCorporation at Lot 13-01A, Level 13 (East Wing), Berjaya Times Square, No.1, Jalan Imbi, 55100 Kuala Lumpur, during normal office hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this Announcement.


      This Announcement is dated 23 October 2012.



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

      Announcement Type: Listing Circular
      Company NameMEDIA PRIMA BERHAD  
      Stock Name MEDIA  
      Date Announced23 Oct 2012  
      CategoryListing Circular
      Reference NoNE-121023-59696

      LISTING'S CIRCULAR NO. L/Q : 66311 OF 2012

      Kindly be advised that the abovementioned Company’s additional 18,038 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., Thursday, 25 October 2012.


      GLOMAC - GLOMAC-EXERCISE OF 3,818,948 WARRANTS 2007/2012 ("EXERCISE")

      Announcement Type: Listing Circular
      Company NameGLOMAC BERHAD  
      Stock Name GLOMAC  
      Date Announced23 Oct 2012  
      CategoryListing Circular
      Reference NoNE-121023-59976

      LISTING'S CIRCULAR NO. L/Q : 66310 OF 2012

      Kindly be advised that the abovementioned Company’s additional 3,818,948 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Thursday, 25 October 2012.


      HOHUP - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

      Announcement Type: General Announcement
      Company NameHO HUP CONSTRUCTION COMPANY BHD  
      Stock Name HOHUP  
      Date Announced23 Oct 2012  
      CategoryGeneral Announcement
      Reference NoCS-121023-BD058

      TypeAnnouncement
      SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
      DescriptionHO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "the Company")
      - EXTENSION OF RESTRAINING ORDER
      Further to Ho Hup's announcements made on 26 April 2011, 4 July 2011, 2 August 2011, 31 October 2011, 27 January 2012 and 26 April 2012, the Board of Directors of Ho Hup wishes to announce that the High Court of Malaya at Kuala Lumpur had on 22 October 2012 granted inter-alia the following orders under Section 176 of the Companies Act, 1965:-
      1. Ho Hup and Bukit Jalil Development Sdn. Bhd. (collectively, "the Applicants") be given an extension of time to convene the Scheme Creditors Meeting not later than six (6) months from the date of expiry of the Order dated 25 April 2012, i.e. by 24 April 2013;

      2. That the Restraining Order made on 25 April 2012 restraining all and any further actions or proceedings against the Applicants (" the Restraining Order") be extended for a further period of six (6) months from the date of expiry of the Order dated 25 April 2012;

      3. That consequently an order be made restraining all and any further action(s) and/ or proceeding(s) against the Applicants including but not limited to any winding-up, execution, arbitration and/ or industrial court proceedings for a further period of six (6) months from the date of expiry of the Order dated 25 April 2012 ("the Extended Restraining Order");

      4. That the Applicants be given leave to dispose and/ or acquire property and/ or carry its activities, which are in the ordinary course of business and/ or which are necessary for the implementation of the Proposed Restructuring Scheme and Creditors Scheme of Arrangement; and

      5. That the Applicants be given liberty to apply.

      This announcement is dated 23 October 2012.


      ASTRO - MATERIAL LITIGATION

      Announcement Type: General Announcement
      Company NameASTRO MALAYSIA HOLDINGS BERHAD  
      Stock Name ASTRO  
      Date Announced23 Oct 2012  
      CategoryGeneral Announcement
      Reference NoAM-121023-64767

      TypeAnnouncement
      SubjectMATERIAL LITIGATION
      DescriptionNOTICE OF ARBITRATION - MEASAT BROADCAST NETWORK SYSTEMS SDN BHD VS AV ASIA SDN BHD

      Astro Malaysia Holdings Berhad (“Company”) wishes to announce that following the Federal Court’s decision on 28 August 2012, MEASAT Broadcast Network Systems Sdn Bhd ("MBNS"), a wholly-owned subsidiary of the Company, has served a Notice of Arbitration on AV Asia Sdn Bhd (“AV Asia”) and its solicitors today.

      The background of this matter is referred to in Section 15.7(i) of the Prospectus of the Company dated 21 September 2012 in relation to the claims brought by AV Asia against MBNS and another party.�

      This announcement is dated 23 October 2012.



      ASTRO - MATERIAL LITIGATION

      Announcement Type: General Announcement
      Company NameASTRO MALAYSIA HOLDINGS BERHAD  
      Stock Name ASTRO  
      Date Announced23 Oct 2012  
      CategoryGeneral Announcement
      Reference NoAM-121023-68764

      TypeAnnouncement
      SubjectMATERIAL LITIGATION
      DescriptionHIGH COURT OF SINGAPORE ORIGINATING SUMMONS NO. 807 OF 2010/F & ORIGINATING SUMMONS NO. 913 OF 2010/A

      Astro Malaysia Holdings Berhad (“Astro Malaysia" or "Company”) wishes to announce that after a hearing from 23 to 25 July 2012, MEASAT Broadcast Network Systems Sdn Bhd (“MBNS”), a wholly-owned subsidiary of the Company and other affiliates (“Claimants”) have on 23 October 2012 received the Judgment of the High Court of the Republic of Singapore in relation totheenforcement of the Awards in Singapore. The High Court of Singapore has today dismissed PT First Media Tbk (PT FM)’s applications to set aside the court orders which granted leave to enforce the Awards and therefore confirmed the Claimants’ right to enforce the Awards as Singapore court judgments. A further hearing will be fixed before the High Court of Singapore to obtain consequential orders, including orders for payment of costs of the proceedings.

      The background of this matter is referred to in Section 15.7(ii) to (vi) of the Prospectus of the Company dated 21 September 2012 in relation to various disputes arising from the proposed DTH pay-TV business in Indonesia where such disputes involve MBNS and other companies which are not part of the Astro Malaysia group, namely Astro All Asia Networks Limited, ASTRO Overseas Limited and certain of their affiliated companies.

      All abbreviations and definitions used here shall bear the same meanings as those used in the Prospectus unless otherwise stated.

      This announcement is dated 23 October 2012.



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