October 31, 2012

Company announcements: REDTONE, OSKVI, STEMLFE, XOX, INARI, IGB

REDTONE - Changes in Director's Interest (S135) - Dato' Wei Chuan Beng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced31 Oct 2012  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-121031-64474

Information Compiled By KLSE

Particulars of Director

NameDato' Wei Chuan Beng
AddressUnit 1-13A-2, Vista Komanwel
Bukit Jalil
57000 Kuala Lumpur
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
29/10/2012
200,000
0.370 
Acquired
31/10/2012
100,000
0.375 

Circumstances by reason of which change has occurredPurchases of shares via open market
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)16,539,476 
Direct (%)3.46 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice31/10/2012


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

Announcement Type: General Announcement
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced31 Oct 2012  
CategoryGeneral Announcement
Reference NoCK-121031-65877

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionNotification of dealings by Director pursuant to Rule 14.09 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.

In accordance with Rule 14.09 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, REDtone International Berhad wishes to announce the following dealings in securities by the Director:-�

Dato’ Wei Chuan Beng – Direct Interest

Name of Director

Date

No. of shares involved

Average purchase price per share (RM)

% of shares

No. of Irredeemable Convertible Unsecured Loan Stocks ("ICULS")

Average purchase price per ICULS (RM)

% of ICULS

No. of Warrants

Average purchase price per Warrant (RM)

% of Warrants

Dato’ Wei Chuan Beng

31.10.2012

100,000

0.375

0.02

-

-

-

-

-

-



OSKVI - OTHERS OSK VENTURES INTERNATIONAL BERHAD ("OSKVI" or "the Company") -DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Announcement Type: General Announcement
Company NameOSK VENTURES INTERNATIONAL BERHAD (ACE Market) 
Stock Name OSKVI  
Date Announced31 Oct 2012  
CategoryGeneral Announcement
Reference NoOV-121031-62083

TypeAnnouncement
SubjectOTHERS
DescriptionOSK VENTURES INTERNATIONAL BERHAD ("OSKVI" or "the Company")
-DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to inform that the aggregate�purchase consideration of quoted securities by the Company for the preceding 12 months, which has not been announced, has exceeded 5% of OSKVI’s latest audited consolidated net assets, details are as follows:-

RM

% of OSKVI’s Consolidated Net Assets

(a)

Aggregate purchase consideration within the preceding twelve (12) months

13.67 million

�7.99%

RM

(b)

Investments in quoted securities as at 31 October 2012

Total Cost

Total Book Value

Total Market Value

155.32 million

134.66 million

134.66 million

(c)

Net profit arising from the sale of quoted securities during the current financial year ending 31 December 2012

(Sales proceeds�less investment cost�and incidental expenses)

�37.31 million

��This announcement is dated 31 October 2012.



STEMLFE - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES

Announcement Type: General Announcement
Company NameSTEMLIFE BERHAD (ACE Market) 
Stock Name STEMLFE  
Date Announced31 Oct 2012  
CategoryGeneral Announcement
Reference NoMI-121031-63946

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
DescriptionSTEMLIFE BERHAD (“STEMLIFE” OR “COMPANY”)

PROPOSED BONUS ISSUE OF 82,500,000 NEW STEMLIFE SHARES (“BONUS SHARES”) ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) STEMLIFE SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE”)

We refer to the announcements made by RHB Investment Bank Berhad (“RHB Investment Bank”) on behalf of the Board of Directors of StemLife (“Board”) on 15 August 2012, 16 August 2012, 11 October 2012 and 30 October 2012 in relation to, inter-alia, the Proposed Bonus Issue. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Proposed Bonus Issue.

On behalf of the Board, RHB Investment Bank wishes to announce that StemLife had, on 31 October 2012, submitted the listing application to Bursa Securities for the listing of and quotation for 82,500,000 Bonus Shares to be issued pursuant to the Proposed Bonus Issue on the ACE Market of Bursa Securities.

This announcement is dated 31 October 2012.


XOX - OTHERS XOX BHD (“XOX” OR THE “COMPANY”) - CHANGE IN UTILISATION OF INITIAL PUBLIC OFFERING ("IPO) PROCEEDS

Announcement Type: General Announcement
Company NameXOX BHD (ACE Market) 
Stock Name XOX  
Date Announced31 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121031-7C5C8

Admission SponsorAmInvestment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionXOX BHD (“XOX” OR THE “COMPANY”)
- CHANGE IN UTILISATION OF INITIAL PUBLIC OFFERING ("IPO) PROCEEDS

Reference is made to the Company’s announcement dated 13 October 2011 in relation to the revised utilisation of IPO proceeds.

The Board of Directors of XOX wishes to inform that it has approved the revision of the utilisation of the Company’s IPO proceeds in the manner as set out in the table attached herewith as Appendix I.

The Company intends to redeploy the balance of proceeds of approximately RM1.07 million originally allocated for capital expenditure to working capital to finance its day-to-day operations.

The revised proceeds will be utilised for social network portal and working capital within 2 months and 12 months respectively from the date of this announcement.

The Board of XOX is of the opinion that the change in utilisation of proceeds will not have any adverse effect on the future plans of the Group, and will not be detrimental to the Group’s business operations.

This announcement is dated 31 October 2012.

Attachments

XOX- Appendix I.pdf
8 KB



XOX - OTHERS XOX BHD (“XOX” or “the Company”) - Variance between Audited and Unaudited Results for the Financial Period Ended 30 June 2012

Announcement Type: General Announcement
Company NameXOX BHD (ACE Market) 
Stock Name XOX  
Date Announced31 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121031-DFB33

Admission SponsorAmInvestment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionXOX BHD (“XOX” or “the Company”)
- Variance between Audited and Unaudited Results for the Financial Period Ended 30 June 2012

Reference is made to the Company’s announcement dated 31 October 2012.

Pursuant to Paragraph 9.19(36) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of XOX wishes to announce that the Group’s loss after taxation and minority interest for the financial period�from 1 January 2011 to�30 June 2012 has deviated by approximately 15.54% from the unaudited loss after taxation and minority interest of RM24,475,000 as announced on 30 August 2012. The audited total loss after taxation and minority interest as at 30 June 2012 now stand at RM20,670,196.

The reconciliation of the difference is set out as following :

RM

Loss after tax as per unaudited financial statements

(24,475,000)

Add/less� :

1)

Net effect of rate revisions and resolution of disputed items

4,855,676

2)

Net overprovision of expenses

129,983

3)

Additional depreciation expenses

(1,180,855)

Loss after tax as per audited financial statements

(20,670,196)

This announcement is dated 31 October 2012.



XOX - Annual Audited Accounts - 30 June 2012

Announcement Type: PDF Submission
Company NameXOX BHD (ACE Market) 
Stock Name XOX  
Date Announced31 Oct 2012  
CategoryPDF Submission
Reference NoCC-121031-56165

Admission SponsorAmInvestment Bank Bhd
SubjectAnnual Audited Accounts - 30 June 2012

Attachments

XOX BHD - AFS 2012.pdf
689 KB






XOX - OTHERS XOX BHD (“XOX” or “the Company”) - Qualification of Audited Financial Statement for the Financial Period Ended 30 June 2012

Announcement Type: General Announcement
Company NameXOX BHD (ACE Market) 
Stock Name XOX  
Date Announced31 Oct 2012  
CategoryGeneral Announcement
Reference NoCC-121031-C3C5E

Admission SponsorAmInvestment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionXOX BHD (“XOX” or “the Company”)
- Qualification of Audited Financial Statement for the Financial Period Ended 30 June 2012

Pursuant to Rule 9.19(38) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirement”), the Board of Directors of XOX wishes to announce that that the Company's External Auditors, Messrs. Crowe Horwath(“Crowe Horwath”), had qualified the Company's Audited Financial Statements for the financial period�from 1 January 2011 to�30 June 2012, as follows:-

Basis of Qualified Opinion

Crowe Horwath set out the following matters arising from the audit:

1.���������������Trade receivables

Included in trade receivables of the Group as at 30 June 2012, were outstanding amounts owing by 2 major trade receivables of approximately RM4.9 million. The directors are of the opinion that these amounts outstanding from the trade receivables are recoverable and accordingly, no impairment losses on receivables have been made in the financial statements. However, as the amounts have been long outstanding and due to the nature of the debt, Crowe Horwath�is of the opinion that these receivables may not be recoverable and hence impairment losses on receivables should be provided for. Had impairment losses on these amounts been provided for, the carrying value of trade receivables would have been decreased by RM4.9 million. Similarly, the accumulated losses and loss for the financial period ended 30 June 2012 would have been increased by RM4.9 million.

2.���������������Impairment of capital work-in-progress

Included in equipment of the Group as at 30 June 2012, were capital work-in-progress amounting to approximately RM3.5 million. The directors are of the opinion that, although the development of the capital work-in-progress has been halted, their development will continue and accordingly, no impairment losses have been made in the financial statements. As at the date of this report, Crowe Horwath�isunable to obtain sufficient appropriate audit evidence that the capital work-in-progress is not impaired and that the Group has sufficient financial resources to complete the development of the capital work-in-progress for their intended use. Had impairment losses on capital work-in-progress been provided for, the carrying value of equipment would have been decreased by RM3.5 million. Similarly, the accumulated losses and loss for the financial period ended 30 June 2012 would have been increased by RM3.5 million.

3.���������������Accrual of cost for unrealised sales

Crowe Horwath�is unable to obtain sufficient appropriate audit evidence to substantiate the non-accrual of cost for unrealised sales amounting to approximately RM2.3 million.Had this accrual been taken up in the financial statements, the loss for the financial period ended 30 June 2012 and the accumulated losses as at 30 June 2012 would have been increased by RM2.3 million accordingly.

Qualified Opinion

In Crowe Horwath opinion, except for the effects of such adjustments, if any, as might have been determined to be necessary on the matters as set out in the foregoing paragraphs on the Basis of Qualified Opinion, the financial statements have been properly drawn up in accordance with Financial Reporting Standards and the Companies Act 1965 in Malaysia so as to give a true and fair view of the financial position of the Group and of the Company as of 30 June 2012 and of their financial performance and cash flows for the financial period then ended.

This announcement is dated 31 October 2012.



INARI - Annual Audited Accounts - 30 June 2012

Announcement Type: PDF Submission
Company NameINARI BERHAD (ACE Market) 
Stock Name INARI  
Date Announced31 Oct 2012  
CategoryPDF Submission
Reference NoII-121023-44397

Admission SponsorM&A Securities Sdn Bhd
SubjectAnnual Audited Accounts - 30 June 2012


IGB - OTHERS ARTICLES ENTITLED “IGB CONSORTIUM TO BUILD TAIPEI TWIN TOWERS” AND “IGB BAGS RM8B JOB IN TAIPEI”

Announcement Type: General Announcement
Company NameIGB CORPORATION BERHAD  
Stock Name IGB  
Date Announced31 Oct 2012  
CategoryGeneral Announcement
Reference NoIC-121031-8AA09

TypeAnnouncement
SubjectOTHERS
DescriptionARTICLES ENTITLED “IGB CONSORTIUM TO BUILD TAIPEI TWIN TOWERS” AND “IGB BAGS RM8B JOB IN TAIPEI”

We refer to the above articles, both of which appeared on Wednesday, 31 October 2012, in The Star and The Edge Financial Daily, respectively. A copy of each article is enclosed for your reference.

We wish to clarify as follows:

(a) The Company, Mid Valley City Sdn Bhd and Taipei Gateway International Development Co Ltd (collectively, the “Consortium”) had on 16 May 2012 submitted a tender for the proposed joint land development investment on the Airport MRT System Taipei Train Station Special Zones C1 & D1 (the “Taipei Project”) to the Development of Rapid Transit System of Taipei City Government (“DORTS”).

(b) The Consortium subsequently invited a�foreign partner�to participate in the Taipei Project, which the�foreign partner accepted.

(c) The Taipei City Mayor had on 26 October 2012 announced that the Consortium was the frontrunner to secure the Taipei Project.

(d) The Consortium has not signed any memorandum or agreement with DORTS in connection with or arising from the referenced announcement by the Taipei City Mayor.

(e) The Taipei Project is subject to further negotiations and agreement with DORTS on the terms of the award. Since negotiations on the terms of the award have not commenced, the Company is not in a position to make an announcement on the Taipei Project at this time.

(f) The Company will make the necessary announcement on the details of the award in the event the Consortium enters into a formal agreement with DORTS.

Attachments

Articles.pdf
115 KB



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