IRIS - OTHERS EXECUTION OF ADDENDUM TO THE CONTRACT AGREEMENT FOR THE INTRODUCTION OF MACHINE READABLE PASSPORT (“MRP”) AND MACHINE READABLE VISA (“MRV”) IN BANGLADESH (“PROJECT”) BETWEEN THE DEPARTMENT OF IMMIGRATION AND PASSPORTS OF THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF BANGLADESH (“GPRB”) AND IRIS JV ( IRIS CORPORATION BERHAD, DATA EDGE LIMITED AND POLISH SECURITY PRINTING WORKS)
| Company Name | IRIS CORPORATION BERHAD (ACE Market) |
| Stock Name | IRIS |
| Date Announced | 9 Jan 2013 |
| Category | General Announcement |
| Reference No | IC-130109-62517 |
| Type | Announcement |
| Subject | OTHERS |
| Description | EXECUTION OF ADDENDUM TO THE CONTRACT AGREEMENT FOR THE INTRODUCTION OF MACHINE READABLE PASSPORT (“MRP”) AND MACHINE READABLE VISA (“MRV”) IN BANGLADESH (“PROJECT”) BETWEEN THE DEPARTMENT OF IMMIGRATION AND PASSPORTS OF THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF BANGLADESH (“GPRB”) AND IRIS JV ( IRIS CORPORATION BERHAD, DATA EDGE LIMITED AND POLISH SECURITY PRINTING WORKS) |
EXECUTION OF ADDENDUM TO THE CONTRACT AGREEMENT FOR THE INTRODUCTION OF MACHINE READABLE PASSPORT (“MRP”) AND MACHINE READABLE VISA (“MRV”) IN BANGLADESH (“PROJECT”) BETWEEN THE DEPARTMENT OF IMMIGRATION AND PASSPORTS OF THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF BANGLADESH (“GPRB”) AND IRIS JV ( IRIS CORPORATION BERHAD, DATA EDGE LIMITED AND POLISH SECURITY PRINTING WORKS)
INTRODUCTION The terms used herein shall unless the context otherwise state, bear the same meaning as those defined in the previous announcements made on 3rd February 2010 and 18th February 2010. The Board of Directors of IRIS Corporation Berhad (“ICB” or the “Company”) is pleased to announce that the IRIS JV (comprising of ICB, Data Edge Limited And Polish Security Printing Works) had on 8th January 2013 entered into an Addendum to the Agreement (“this Addendum”) with The Government Of The People’s Republic Of Bangladesh (“GPRB”) in Dhaka, Bangladesh. BACKGROUND GPRB had invited Tender (Tender No: MRP-MRV/Estb/Tender-MRP/8-01/09) for the Introduction of Machine Readable Passport (“MRP”) And Machine Readable Visa (“MRV”) In Bangladesh (“Project”) and had accepted a tender by IRIS JV for the supply of goods and related services for the Contract Price. Parties entered into an Agreement dated 17th February 2010 for the purpose of implementing the said Project (“Agreement”). OBJECTIVE This Addendum was entered into by and between GPRB and IRIS JV for the following purposes:- 1 Parties hereby agreed that due to practical reasons for continuation of rendering the MRP and MRV issuing services to the public of Bangladesh, the term on the validity of the Agreement shall stand renewed /extended with effect from 1st day of April 2012 and shall remain in force unless terminated pursuant to clause GCC38.1 or 38.2 of the Agreement and in accordance to the terms set forth in Addendum N (Special Terms & Conditions) of this Addendum; 2 Due to the increased volume of issuance of the MRP by GPRB, additional equipment were needed to ensure delivery of the MRP for the citizens of Bangladesh and pursuant to this GPRB issued an offer on 8th February 2012 for additional equipment and related services from the IRIS JV. IRIS JV had submitted a price of BDT1,332,921,812.06 (Bangladeshi Taka One Billion Three Hundred Thirty Two Million Nine Hundred Twenty One Thousand Eight Hundred Twelve and Paisa Six) only equivalent to USD17,053,1759.10 at an exchange rate of USD 1 : BDT 78.16 and equivalent to RM51,945,511 at an exchange rate of RM1 : BDT25.66 as at 9 January 2013 (“New Contract Price”). GPRB accepted the offer and parties have agreed to sign this Addendum and the attached Addendum M (Completed Price Schedules) and Addendum N herein to reflect the agreed terms and conditions. 3. RISK FACTORS 3.1 Business Risk Although the ICB Group seeks to limit these risks through expansion of both existing and new markets, developing and maintaining a diversified market network, prudent financial management and efficient operating procedures, investment in automated production line to improve production efficiency, maintaining good business relationship with our customers and suppliers, researching on product development and introducing new innovative products to the markets, no assurance can be given that any changes in the above factors will not have any material adverse effect on the ICB Group's business. 3.2 Political, economic and regulatory considerations Like all business entities, changes in political, economic and regulatory conditions in Bangladesh could materially and adversely affect the financial and business prospects for the ICB Group. Amongst the political, economic and regulatory uncertainties are the changes in nullification of existing sales orders and contracts, changes in interest rates, method of taxation, currency exchange rules and contracts. The ICB Group may continue to take effective measures to mitigate such risks. However, there is no assurance that adverse political, economic and regulatory conditions will not materially and adversely affect the business activities of the ICB Group. 4. FINANCIAL EFFECTS OF THE ADDENDUM This Addendum will not have any effect on the issued and paid-up share capital, substantial shareholders’ shareholdings, earnings, earnings per share, net assets per share and gearing of the ICB Group. Barring unforeseen circumstances, the Board is of the opinion that the Agreement will contribute positively to the earnings and earnings per share of the ICB Group in the future. This Addendum does not require the approval of ICB’s shareholders or any relevant government authorities in Malaysia. 6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS The Board, after having considered all aspects of this Addendum, is of the opinion that the execution of this Addendum is in the best interest of the ICB Group.
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TMCLIFE - Changes in Sub. S-hldr's Int. (29B) - Juara Sejati Sdn. Bhd.
| Company Name | TMC LIFE SCIENCES BERHAD |
| Stock Name | TMCLIFE |
| Date Announced | 9 Jan 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CA-130109-1297C |
Particulars of substantial Securities Holder
| Name | Juara Sejati Sdn. Bhd. |
| Address | Lot 13-01A, Level 13 (East Wing) Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | 185618-M |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Sublime Cartel Sdn. Bhd. Level 12 Berjaya Times Square No. 1, Jalan Imbi 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 04/01/2013 | 553,700 |
| Remarks : |
| SCSB acquired the shares between 4 January 2013 to 8 January 2013. The Form 29B was received today. |
TMCLIFE - Changes in Sub. S-hldr's Int. (29B) - Berjaya Group Berhad
| Company Name | TMC LIFE SCIENCES BERHAD |
| Stock Name | TMCLIFE |
| Date Announced | 9 Jan 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CA-130109-1297B |
Particulars of substantial Securities Holder
| Name | Berjaya Group Berhad |
| Address | Lot 13-01A, Level 13 (East Wing) Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | 7308-X |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Sublime Cartel Sdn. Bhd. Level 12 Berjaya Times Square No. 1, Jalan Imbi 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 04/01/2013 | 553,700 |
| Remarks : |
| SCSB acquired the shares between 4 January 2013 to 8 January 2013. The Form 29B was received today. |
TMCLIFE - Changes in Sub. S-hldr's Int. (29B) - Berjaya Corporation Berhad
| Company Name | TMC LIFE SCIENCES BERHAD |
| Stock Name | TMCLIFE |
| Date Announced | 9 Jan 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CA-130109-1297A |
Particulars of substantial Securities Holder
| Name | Berjaya Corporation Berhad |
| Address | Lot 13-01A, Level 13 (East Wing) Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | 554790-X |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Sublime Cartel Sdn. Bhd. Level 12 Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 04/01/2013 | 553,700 |
| Remarks : |
| SCSB acquired the shares between 4 January 2013 to 8 January 2013. The Form 29B was received today. |
TMCLIFE - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dato' Seri Vincent Tan Chee Yioun
| Company Name | TMC LIFE SCIENCES BERHAD |
| Stock Name | TMCLIFE |
| Date Announced | 9 Jan 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CA-130109-1296F |
Particulars of substantial Securities Holder
| Name | Tan Sri Dato' Seri Vincent Tan Chee Yioun |
| Address | Lot 12 (East Wing) Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | 520223-01-5779 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Sublime Cartel Sdn. Bhd. Level 12 Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 04/01/2013 | 553,700 |
| Remarks : |
| SCSB acquired the shares between 4 January 2013 to 8 January 2013. The Form 29B was received today. |
FLONIC - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | FLONIC HI-TEC BHD (ACE Market) |
| Stock Name | FLONIC |
| Date Announced | 9 Jan 2013 |
| Category | General Announcement |
| Reference No | OS-130109-61780 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | FLONIC HI-TEC BHD (“FLONIC” OR “COMPANY”) • PROPOSED ACQUISITION OF 300,000 ORDINARY SHARES OF RM1.00 EACH IN JIWA HOLDINGS SDN BHD (“JIWA”) (“JIWA SHARES”) REPRESENTING A 30% EQUITY INTEREST IN JIWA BY FLONIC FOR A TOTAL CASH CONSIDERATION OF RM3.75 MILLION (“PROPOSED ACQUISITION”) • PROPOSED OPTION TO ACQUIRE AN ADDITIONAL 210,000 JIWA SHARES REPRESENTING 21% EQUITY INTEREST IN JIWA AT A TOTAL PURCHASE CONSIDERATION OF RM2,625,000 VIA A MODE OF SATISFACTION TO BE DETERMINED (“PROPOSED OPTION”) • PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF FLONIC AND ITS SUBSIDIARIES (“FLONIC GROUP” OR “GROUP”) TO INCLUDE PROJECT MANAGEMENT, INTERIOR FIT OUT, MANUFACTURING AND TRADING IN WOOD FURNITURE (“PROPOSED DIVERSIFICATION”) (COLLECTIVELY, THE “PROPOSALS”) |
(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 7 January 2013)
We refer to the announcement dated 7 January 2013 (“Announcement”) and
the query dated 8 January 2013 (ref: NS-130108-57968) from Bursa Securities in
relation to the Proposals.
On
behalf of the Board of Flonic, M&A Securities Sdn Bhd wishes to announce
the following additional information:
(i) The
definition of the Proposals set out in the Announcement shall also include the
Proposed Option.
(ii) The implied price-to-book multiple of
3.15 times is justifiable due to the following:
(a) the
prospects of the Interior Design Industry in Malaysia as set out in Section 5.2
of the Announcement; and
(b) the
prospects of the enlarged Flonic Group as set out in Section 5.3 of the Announcement.
The
Purchase Consideration represents a price-to-earnings multiple of 4.31 times, calculated
based on the Profit Guarantee of RM2.9 million. The Purchase Consideration was
negotiated between Flonic and the Vendors and was arrived on a “willing-buyer
willing-seller” basis after taking into consideration, amongst other factors
the following considerations:
(a) the
future earnings from the Jiwa Group are supported by the Profit Guarantee as
well as the positive prospects for its business comprising project management,
interior fit out, manufacturing and trading in wood furniture. As such, the demand for its
services/products is expected to grow steadily in line with the growth of the
Interior Design Industry in Malaysia; and
(b) the
Proposed Acquisition would generate a return on investment of approximately 23.2%
per annum based on 30% of the Profit Guarantee of RM2.9 million over the
purchase consideration of RM3.75 million.
(iii) The
mode of satisfaction for the acquisition of the Option Shares under the Option
Agreement shall be through either the issuance of new Flonic Shares or cash, which
shall be determined at Flonic’s sole discretion at the point of exercise of the
Option. The Company shall seek its shareholders’ approval in the event that new
Flonic Shares are to be issued as satisfaction for the acquisition of the
Option Shares. In such an event, Flonic shall determine the issue price of the
new Flonic Shares based on the five (5) day volume weighted average market
price of Flonic Shares at the point of exercise of the Option, with a discount
of not more than 10% (if necessary) or the par value, whichever is higher.
(iv) The
Vendors will continue to manage the business of the Jiwa Group after the Option
is exercised pursuant to the Option Agreement. In addition, Flonic shall make
effort to continuously attract new skilled personnel to strengthen the Jiwa
Group’s existing team.
Although Flonic seeks
to limit the dependence on key management and technical personnel of the Jiwa
Group through the efforts mentioned above, there is no assurance that any
change in the key management and technical personnel structure will not have a
material adverse effect on the Jiwa Group’s future performance.
This announcement is dated 9 January 2013. | |
SMRTECH - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
| Company Name | SMR TECHNOLOGIES BERHAD (ACE Market) |
| Stock Name | SMRTECH |
| Date Announced | 9 Jan 2013 |
| Category | General Announcement |
| Reference No | OS-130109-62173 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | SMR TECHNOLOGIES BERHAD (“SMRT” OR “COMPANY”) PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM0.10 EACH IN SMRT REPRESENTING NOT MORE THAN TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SMRT PURSUANT TO SECTION 132D OF THE COMPANIES ACT 1965 (“PROPOSED PRIVATE PLACEMENT”) |
We refer to the announcements dated 20 December 2012, 24 December 2012 and 31 December 2012 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the Board has on 9 January 2013 fixed the issue price for 17,252,000 Placement Shares, representing not more than ten percent (10%) of the issued and paid-up share capital of SMRT as at 8 January 2013, at RM0.235 each.
This issue price represents a discount of approximately 10% to the five (5)-day volume weighted average market price of the SMRT Shares up to and including 8 January 2013 of RM0.2611.
This announcement is dated 9 January 2013. | |
MYEG - Notice of Shares Buy Back by a Company pursuant to Form 28A
| Company Name | MY E.G. SERVICES BERHAD |
| Stock Name | MYEG |
| Date Announced | 9 Jan 2013 |
| Category | Notice of Shares Buy Back by a Company Pursuant to Form 28A |
| Reference No | CC-130104-D5C80 |
FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | FTSE BURSA MALAYSIA KLCI ETF |
| Stock Name | FBMKLCI-EA |
| Date Announced | 9 Jan 2013 |
| Category | General Announcement |
| Reference No | FB-130109-6CF08 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | FTSE Bursa Malaysia KLCI etf - Valuation Point as at 09 January 2013 |
Fund: FTSE Bursa Malaysia KLCI etf | |
CIMB - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group Inc (MUFG)
| Company Name | CIMB GROUP HOLDINGS BERHAD |
| Stock Name | CIMB |
| Date Announced | 9 Jan 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CG-130109-60406 |
Particulars of substantial Securities Holder
| Name | Mitsubishi UFJ Financial Group Inc (MUFG) |
| Address | 7-1, Marunouchi 2-Chome Chiyoda-ku, Tokyo 100-8330, Japan |
| NRIC/Passport No/Company No. | NIL |
| Nationality/Country of incorporation | Japan |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | 1. Aberdeen Asset Management PLC ("Aberdeen") and its subsidiaries 10 Queen's Terrace Aberdeen, AB10 1YG Scotland 2. The Bank of Tokyo-Mitsubishi UFJ, Ltd. 7-1, Marunouchi 2-Chome Chiyoda-ku, Tokyo 100-8330, Japan 3. Mitsubishi UFJ Asset Management Co., Ltd ("MUAM") 4-5, Marunouchi 1-Chome Chiyoda-ku, Tokyo 100-8212, Japan 4. KOKUSAI Asset Management Co., Ltd ("KOKUSAI") 1-1, Marunouchi 3-Chome Chiyoda-ku, Tokyo 100-0005, Japan 5. Mitsubishi UFJ Trust and Banking Corporation ("MUTB") 4-5, Marunouchi 1-Chome Chiyoda-ku, Tokyo 100-8212, Japan 6. Morgan Stanley Investment Management Inc. 1585 Broadway, New York, NY 10036 7. Morgan Stanley Investment Management Company #16-01 Capital Square 23 Church Street Singapore 049481 8. Morgan Stanley & Co. International plc 25 Cabot Square, Canary Wharf London E14 4QA United Kingdom 9. Morgan Stanley Capital (Luxembourg) S.A. 412F, route d'Esch, Luxembourg L-1030, Luxembourg 10. Fundlogic SAS 61 rue de Monceau Paris 75008, France 11. AMP Capital Holdings Limited ("AMP") and its subsidiaries Level 24 AMP Sydney Cove Building 33 Alfred Street Sydney NSW 2000, Australia |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 04/01/2013 | 68,600 |
| Remarks : |
| Notice received on 9 January 2013. c.c. Securities Commission |
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