PERISAI - OTHERS APPOINTMENT OF KCA DEUTAG AS THE OPERATIONS & MAINTENANCE CONTRACTOR FOR PERISAI’S NEWBUILD PACIFIC CLASS 400 JACK-UP DRILLING RIG
| Company Name | PERISAI PETROLEUM TEKNOLOGI BHD |
| Stock Name | PERISAI |
| Date Announced | 16 Nov 2012 |
| Category | General Announcement |
| Reference No | CC-121116-59974 |
| Type | Announcement |
| Subject | OTHERS |
| Description | APPOINTMENT OF KCA DEUTAG AS THE OPERATIONS & MAINTENANCE CONTRACTOR FOR PERISAI’S NEWBUILD PACIFIC CLASS 400 JACK-UP DRILLING RIG |
We refer to our announcement of 8th May 2012 on the construction of a Pacific Class 400 Jack-Up Drilling Rig (“Jack-Up Drilling Rig”). Perisai Petroleum Teknologi Bhd (“Perisai”) is pleased to inform of the appointment of KCA DEUTAG as the drilling operations and maintenance contractor of the Jack-Up Drilling Rig. Perisai’s wholly-owned subsidiary, Perisai Drilling Sdn Bhd, today entered into a Master Services Agreement with Global Tender Barges Drilling Sdn Bhd (“GTB”), a company within the KCA DEUTAG Group. The agreement appoints GTB as the drilling operations and maintenance contractor for the Jack-Up Drilling Rig which is slated for completion and delivery in July 2014.��� KCA DEUTAG is one of the world’s leading drilling and engineering contractors. It operates more than 100 drilling rigs in over 22 countries employing 8,000 people in� Africa, Europe, Russia, Middle East, the Caspian Sea and South East Asia. KCA DEUTAG owns a fleet of more than 60 land rigs, 3 jack-ups and 3 self-erect tender barges and is also the largest global platform drilling company with more than 35 contracts.� Recently, KCA DEUTAG has been awarded significant offshore and onshore contracts. Particular highlights include multimillion dollar agreements in Europe and Africa as well as entry in the dynamic Iraqi and Brazilian oil and gas markets. This announcement is dated 16 November 2012 � � � � | |
SERSOL - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
| Company Name | SERSOL TECHNOLOGIES BERHAD (ACE Market) |
| Stock Name | SERSOL |
| Date Announced | 16 Nov 2012 |
| Category | General Announcement |
| Reference No | CC-121116-35354 |
| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description | SERSOL TECHNOLOGIES BERHAD ("STB" or the "Company") - Application to Strike-Off Multi Square (S) Pte Ltd |
STB wishes to announce that an application had been submitted to the Company Registrar, Singapore to strike-off Multi Square (S) Pte Ltd (“MSPL”), a wholly-owned subsidiary of the Company, pursuant to Section 344 of the Companies Act (Cap 50) of Singapore ("Strike-Off"). MSPL was incorporated on 7 February 2005 in Singapore for the trading of coatings, thinners and related products. MSPL has ceased its operation since 1 September 2012. The Strike-Off is in line with STB group's rationalisation efforts to minimize the losses. The Strike-Off will not have any material effect on the earnings or net assets of STB for the financial year ending 31 December 2012. None of the Directors, substantial shareholders of STB or persons connected to them has any interest, direct or indirect, in the Strike-Off. The Strike-Off is expected to be completed upon the receipt of notification for strike-off from the Company Registrar, Singapore whereupon further announcement will be made by the Company. This announcement is dated 16 November 2012. | |
NEXTNAT - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | NEXTNATION COMMUNICATION BERHAD (ACE Market) |
| Stock Name | NEXTNAT |
| Date Announced | 16 Nov 2012 |
| Category | General Announcement |
| Reference No | CS-121116-48B96 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | NEXTNATION COMMUNICATION BERHAD ("NEXTNATION" OR "THE COMPANY") - DISPOSAL OF 100% EQUITY INTEREST HELD IN THE CAPITAL OF VINAMOB VENTURE COMPANY LIMITED TO LIFENOTE INC. BY GODYNAMIC INVESTMENTS LIMITED, A 51%- OWNED SUBSIDIARY OF NEXTNATION NETWORK SDN. BHD., WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF NEXTNATION. |
Pursuant to Rule 9.19(25) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, the Board of Nextnation wishes to announce that Godynamic Investments Limited (Company No. 604393)("GIL"), a 51%-owned subsidiary of Nextnation Network Sdn. Bhd., which in turn is a wholly-owned subsidiary of Nextnation had on 16 November 2012 entered into a Share Sale Agreement (“SSA”) to dispose off the entire shares held in the capital of Vinamob Venture Company Limited (Company No. 0-11043000057)("VVCL") comprising 100,000 ordinary shares of USD1.00 each, representing 100% of the total paid-up share capital in VVCL at a total cash consideration of USD200,000 equivalent to RM626,000 to Lifenote Inc.(Company No. 098008) ("LN")(the “Disposal”). Following the Disposal, VVCL ceased to become a wholly-owned subsidiary of GIL. VVCL was incorporated in Vietnam on 30 November 2006 with a paid-up share capital of USD100,000 ordinary shares of USD1.00 per share. VVCL is a mobile content telecommunication company based and operating in Vietnam. The Sale Consideration of USD200,000 equivalent to RM626,000 was arrived at on a willing buyer-willing seller basis, after taking into consideration inter alia, the management’s internal valuation of VVCL, goodwill and other assets created by VVCL on a going concern basis over the years, VVCL’s net liabilities as at 30 April 2012 of VND5,591,289,820 (equivalent to RM782,781) and the debt waiver. LN shall fully settle the Sale Consideration of USD179,693, net balance between the account receivable and payable within a period of thirty (30) days from the date of SSA. The proceeds of USD179,693 shall be utilised for the Nextnation Group’s day to day operations and as working capital. The Disposal will enable Nextnation to reduce loss suffered in Vietnam and to focus on its core information technology (“IT”) businesses in other countries, in particular on its existing platform hosting services and the outsourcing contract with PT Inovisi Infracom Tbk. Barring any unforeseen circumstances, the Disposal is expected to be completed within thirty (30) days from the execution date of SSA. If the completion does not take place before such date, LN is entitled to terminate the SSA and GIL shall be obligated to pay the deposit back to LN. The Disposal does not have any effect on the share capital and substantial shareholding of Nextnation nor have any material effect on the earnings, net assets or gearing of Nextnation for the current financial year. None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect in the Disposal. The highest percentage ratio applicable to the Disposal pursuant to paragraph 10.02(g) of the ACE Market Listing Requirements is 0.78% (based on the audited accounts of Nextnation and VVCL for the financial year ended 30 April 2012). The Board of Directors of the Company, having taken into consideration all aspects of the Disposal, is of the opinion that the Disposal is in the best interest of Nextnation Group. This announcement is dated 16 November 2012. | |
GREENYB - OTHERS Greenyield Berhad - Proposed Renewal of Authority for the Share Buy Back
| Company Name | GREENYIELD BERHAD |
| Stock Name | GREENYB |
| Date Announced | 16 Nov 2012 |
| Category | General Announcement |
| Reference No | CK-121112-38225 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Greenyield Berhad - Proposed Renewal of Authority for the Share Buy Back |
The Board of Directors of Greenyield Berhad ("GYB" or "the Company") wishes to announce that the Company intends to seek shareholders' approval for the proposed renewal of the existing shareholders' mandate for the Company to purchase its own shares on Bursa Malaysia Securities Berhad of up to ten percent (10%) of the�total�issued and paid-up share capital of the Company at the forthcoming Tenth Annual General Meeting. A Statement to Shareholders setting out the details of the above proposal and resolution pertaining thereto will be dispatched to the shareholders of the Company in due course. | |
GREENYB - OTHERS Proposed Amendments to the Articles of Association
| Company Name | GREENYIELD BERHAD |
| Stock Name | GREENYB |
| Date Announced | 16 Nov 2012 |
| Category | General Announcement |
| Reference No | CK-121116-3EBE3 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Proposed Amendments to the Articles of Association |
The Board of Directors of Greenyield Berhad ("the Company") wishes to announce that the Company intends to seek its shareholders' approval for the proposed amendments to the Articles of Association of the Company ("Proposed Amendments") at the Tenth Annual General Meeting ("AGM") of the Company to be convened at a date to be determined later. The proposed amendments are for the purposes to comply with the amendments to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The details of the Proposed Amendments will be incorporated into the Company's�2012 Annual Report and the Notice of the Company's Tenth AGM which will be issued in due course to the shareholders. | |
FIBON - Change in Audit Committee (Amended Announcement)
| Company Name | FIBON BERHAD |
| Stock Name | FIBON |
| Date Announced | 16 Nov 2012 |
| Category | Change in Audit Committee |
| Reference No | C&-121116-83181 |
| Date of change | 14/11/2012 |
| Name | Koh Chun Kiat |
| Age | 28 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Member of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | He graduated with a Bachelor of Business majoring in Accounting and Financial Management from La Trobe University in Australia. He is a Chartered Accountant by profession as well as member of the Malaysian Institute of Accountants, CPA Australia and Chartered Tax Institute of Malaysia. |
| Working experience and occupation | He started his career as senior associate with PricewaterhouseCoopers (PwC)audit firms from 2006 to 2008. He joined Sam Hoe Plantations Sdn Bhd in 2008 as an accountant and later on being promoted as senior accountant. His principal role was to supervise the financial accounting section of the department and liaise with auditors and tax agent. Presently, he is a branch audit manager of a chartered accounting firm. He is also the Licensed Tax Agent under Income Tax Act 1967. |
| Directorship of public companies (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Composition of Audit Committee (Name and Directorate of members after change) | Chairman : Datuk Mohamad Saleh bin Mohd Ghazali (Independent & Non-Executive Director) Members : Chong Peng Khang (Independent & Non-Executive Director) Koh Chun Kiat (Independent & Non-Executive Director |
| Remarks : |
| This announcement is dated 16 November 2012. |
FIBON - Change in Boardroom (Amended Announcement)
| Company Name | FIBON BERHAD |
| Stock Name | FIBON |
| Date Announced | 16 Nov 2012 |
| Category | Change in Boardroom |
| Reference No | C&-121116-83DD8 |
| Date of change | 14/11/2012 |
| Name | Koh Chun Kiat |
| Age | 28 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Non-Executive Director |
| Directorate | Independent & Non Executive |
| Qualifications | He graduated with a Bachelor of Business majoring in Accounting and Financial Management from La Trobe University in Australia. He is a Chartered Accountants by profession as well as member of the Malaysian Institute of Accountants, CPA Australia and Chartered Tax Institute of Malaysia. |
| Working experience and occupation | He started his career as senior associate with PricewaterhouseCoopers (PwC) audit firms from 2006 to 2008. He joined Sam Hoe Plantations Sdn Bhd in 2008 as an accountant and later on being promoted as senior accountant. His principal role was to supervise the financial accounting section of the department and liaise with auditors and tax agents. Presently, he is a branch audit manager of a chartered accounting firm. He is also the Licensed Tax Agent under Income Tax Act 1967. |
| Directorship of public companies (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Remarks : |
| This announcement is dated 16 November 2012. |
IJACOBS - OTHERS Ideal Jacobs (Malaysia) Corporation Bhd (“Ideal Jacobs” or “the Company”) - Voluntary winding up of Ideal Jacobs Thailand (“IJT”), a subsidiary of Ideal Jacobs
| Company Name | IDEAL JACOBS (MALAYSIA) CORPORATION BHD (ACE Market) |
| Stock Name | IJACOBS |
| Date Announced | 16 Nov 2012 |
| Category | General Announcement |
| Reference No | CC-121116-42023 |
| Admission Sponsor | MIDF Amanah Investment Bank Bhd |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | OTHERS |
| Description | Ideal Jacobs (Malaysia) Corporation Bhd (“Ideal Jacobs” or “the Company”) - Voluntary winding up of Ideal Jacobs Thailand (“IJT”), a subsidiary of Ideal Jacobs |
1.���INTRODUCTION ������The Board of Ideal Jacobs wishes to announce that Ideal Jacobs Corporation (Thailand) Limited (“IJT”) a subsidiary of Ideal Jacobs had on 15 November 2012 commenced its members’ voluntary winding up proceeding pursuant to Section 1236 of the civil and commercial code of the Thailand Act and Article 19 of the Articles of Association of IJT. 2.���DETAILS� ����� IJT was incorporated under the laws of Thailand as a private company limited by shares on 17 September 2009. It became 99.99% owned subsidiary of Ideal Jacobs on 27 April 2010. The principal activity of IJT is manufacturing of industrial labels, nameplates and die-cut products. However, the entire production facilities of IJT were relocated to Ideal Jacobs (Xiamen) Corporation in China as announced by the Company on 8 February 2012. IJT has since operated as sales and distribution office in Thailand. For the 6 months period ended 30 June 2012, IJT recorded revenue of RM51,000 only and loss after tax of RM502,000. We anticipate that IJT performance will not improve significantly in the foreseeable future and thus decided to wind up IJT. 3.����FINANCIAL EFFECTS The winding up of IJT will have a negative impact of the Group’s earnings for the financial year ending 31 December 2012 as a result of an estimated loss of RM277,000 arising from assets written off and winding up expenses. The earnings per share will be reduced by 0.23 sen. 4.����STATEMENT BY THE BOARD OF DIRECTORS The Board of Directors is of the opinion it is in the best interest of the Company to liquidate IJT to avoid further losses. The winding up of IJT will not have any material financial impact on the Group save for item (3) as disclosed.�The winding up of IJT is in the best interest of the Group. �This announcement is dated 16 November 2012.� � | |
CIMB - Notice of Shares Buy Back - Immediate Announcement
| Company Name | CIMB GROUP HOLDINGS BERHAD |
| Stock Name | CIMB |
| Date Announced | 16 Nov 2012 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CG-121116-59347 |
| Remarks : |
| c.c. Securities Commission |
CIMB - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | CIMB GROUP HOLDINGS BERHAD |
| Stock Name | CIMB |
| Date Announced | 16 Nov 2012 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CG-121116-57871 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | Employees Provident Fund Board Citigroup Nominees (Tempatan) Sdn Bhd ("Citigroup") - Employees Provident Fund Board Citigroup - Employees Provident Fund Board (KIB) Citigroup - Employees Provident Fund Board (HDBS) Citigroup - Employees Provident Fund Board (RHB INV) Citigroup - Employees Provident Fund Board (AM INV) Citigroup - Employees Provident Fund Board (MAYBAN) Citigroup - Employees Provident Fund Board (ALLIANCE) Citigroup - Employees Provident Fund Board (NOMURA) Citigroup - Employees Provident Fund Board (PHEIM) Citigroup - Employees Provident Fund Board (CIMB PRI) Citigroup - Employees Provident Fund Board (ARIM) Citigroup - Employees Provident Fund Board (TEMPLETON) Citigroup - Employees Provident Fund Board (ABERDEEN) - Level 42, Menara Citibank, 165 Jalan Ampang, 50490 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 09/11/2012 | 351,600 |
| Remarks : |
| Notice received on 16 November 2012. c.c. Securities Commission |
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