February 13, 2013

Company announcements: PALETTE, BTECH, MICROLN

PALETTE - Important Relevant Dates for Renounceable Rights

Announcement Type: Important Relevant Dates for Renounceable Rights
Company NamePALETTE MULTIMEDIA BERHAD (ACE Market) 
Stock Name PALETTE  
Date Announced13 Feb 2013  
CategoryImportant Relevant Dates for Renounceable Rights
Reference NoOS-130122-33287

Title / DescriptionRENOUNCEABLE RIGHTS ISSUE OF UP TO 153,588,250 WARRANTS (“WARRANTS”) AT AN ISSUE PRICE OF RM0.02 PER WARRANT ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN PALETTE MULTIMEDIA BERHAD ("PALETTE SHARES") HELD AT 5.00 P.M. ON 27 FEBRUARY 2013 ("RIGHTS ISSUE OF WARRANTS")
Despatch Date01/03/2013
Date for commencement of trading of the rights28/02/2013
Date for despatch of abridged prospectus and subscription forms01/03/2013
Date for cessation of trading of the rights07/03/2013
Date for announcement of final subscription result and basis of allotment of excess Rights Securities21/03/2013
Listing date of the Rights Securities28/03/2013

Last date and time forDateTime
Sale of provisional allotment of rights06/03/2013
at
05:00:00 PM
Transfer of provisional allotment of rights11/03/2013
at
04:00:00 PM
Acceptance and payment14/03/2013
at
05:00:00 PM
Excess share application and payment14/03/2013
at
05:00:00 PM

Rights Securities will be listed and quoted as the existing securities of the same class:
No 
To specify the entitlement that the holders of the Rights Securities will not be entitled to (if No):
There is no existing securities of the same class (i.e. the Warrants) which is currently listed on Bursa Malaysia Securities Berhad.

Upon issuance of the Warrants, the holder of the Warrants will not be entitled to any voting rights or participation in any form of distribution and/or offer of further securities in Palette until and unless such holders of the Warrants exercise their Warrants to subscribe for new Palette Shares.


The new Palette Shares to be issued from the exercise of the Warrants shall, upon allotment and issue, be of the same class and rank pari passu in all respects with the then existing Palette Shares, save and except that they will not be entitled to any dividends, rights, allotments and/or other distributions which may be declared, made or paid to the shareholders of Palette Multimedia Berhad ("Palette"), the entitlement date of which is prior to the date of allotment of the new Palette Shares arising from the exercise of the Warrants. 
Other important dates as the listed issuer may deem appropriate:
 

Remarks :
The last date and time for acceptance and payment of the Rights Issue of Warrants as well as the last date and time for excess Warrants application and payment are as above or such later date and time as the Board of Directors of Palette may decide in its absolute discretion and announce not less than two (2) market days before the stipulated date and time.

This announcement is dated 13 February 2013.


BTECH - BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS BRITE-TECH BERHAD FOR BREACH OF ACE MARKET LISTING REQUIREMENTS

Announcement Type: Listing Circular
Company NameBRITE-TECH BERHAD (ACE Market) 
Stock Name BTECH  
Date Announced13 Feb 2013  
CategoryListing Circular
Reference NoUM-130213-60827

LISTING'S CIRCULAR NO. L/Q : 67090 OF 2013


    Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded Brite-Tech Berhad (BTECH) for failing to ensure that BTECH's announcement dated 29 February 2012 on the fourth quarterly report for the financial period ended 31 December 2011 (4th QR 2011) took into account the adjustments as stated in BTECH’s announcement dated 19 April 2012.
      The failure to take into account the adjustments was in contravention of Rule 9.16(1)(a) of the Bursa Malaysia Securities ACE Market Listing Requirements (ACE LR) where a listed issuer must ensure that each announcement made is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.

      The public reprimand was imposed pursuant to Rule 16.19(1) of the ACE LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.

      BTECH is also required to carry out a limited review of its quarterly report submissions. The limited review must be performed by external auditors for four quarterly reports commencing from the quarterly report for the financial period ended 31 March 2013. In addition, BTECH must ensure all its directors and relevant personnel attend a training programme on compliance with the ACE LR pertaining to financial statements. BTECH is also required to review and ensure the adequacy and effectiveness of its financial reporting function.
      While Bursa Malaysia Securities has not found any of BTECH’s directors to have caused or permitted the breach by BTECH, Bursa Malaysia Securities wishes to highlight that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the ACE LR. The Board of Directors at the material time were as follows:
      1. Pang Wee See
      2. Tan Boon Kok
      3. Chan Ah Kien
      4. Kan King Choy
      5. Ir.Koh Thong How
      6. Dr. Seow Pin Kwong
      7. Cheng Sim Meng
      8. Ng Kok Ann
      9. Yee Oii Pah @ Yee Ooi Wah (Alternate director to Pang Wee See)
      Bursa Malaysia Securities views the contravention seriously and has reminded BTECH and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.
      BACKGROUND

      BTECH reported an unaudited profit after taxation and minority interest of RM1,415,000 in BTECH’s 4th QR 2011, compared to an audited profit after taxation and minority interest of RM3,053,041 in BTECH’s annual audited accounts for the financial year ended 31 December 2011 which was announced on 20 April 2012. The variance of RM1,638,041 between the unaudited and audited results represented a deviation of 116%.

      The deviation was mainly due to the oversight by BTECH to take into account the adjustment for the gain arising from fair value adjustment of BTECH’s investment properties amounting to RM1.635 million in accordance with BTECH’s accounting policy and the financial reporting standard.

MICROLN - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced13 Feb 2013  
CategoryGeneral Announcement
Reference NoCC-130213-78B28

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionPursuant to the rule 14.08 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company has received notification from Mr Monteiro Gerard Clair, the Director of Microlink Solutions Berhad in relation to the acquisition of shares by M & A Nominee (Tempatan) Sdn Bhd, Insas Credit & Leasing Sdn Bhd for Formis Holdings Berhad in which he is deemed interested by virtue of his substantial shareholding in Red Zone Development Sdn Bhd, which in turn owned 19.36% equity interest in Formis Resources Berhad, the holding company of Formis Holdings Berhad, pursuant to Section 6A of the Companies Act, 1965.

This announcement is dated 13 February 2013.

Date of Dealing

Description of securities

Number of Shares Acquired

Price per Share (RM)

% of Securities Acquired

08/02/2013

Ordinary Shares of RM0.10 each

113,500

0.58661

0.09



MICROLN - Changes in Director's Interest (S135) - Monteiro Gerard Clair

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced13 Feb 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130213-78B45

Information Compiled By KLSE

Particulars of Director

NameMonteiro Gerard Clair
AddressNo. 26
Jalan Damansara Permai
50490 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
08/02/2013
113,500
0.587 

Circumstances by reason of which change has occurredAcquisition of shares by M & A Nominee (Tempatan) Sdn Bhd, Insas Credit & Leasing Sdn Bhd for Formis Holdings Berhad. Deemed interested by virtue of his substantial interest in Red Zone Development Sdn Bhd, which in turn owned 19.36% equity interest in Formis Resources Berhad, the holding company of Formis Holdings Berhad, pursuant to Section 6A of the Companies Act, 1965
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)35,549,100 
Indirect/deemed interest (%)27.44 
Date of notice13/02/2013


MICROLN - Changes in Sub. S-hldr's Int. (29B) - Formis Resources Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced13 Feb 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130213-8C84E

Particulars of substantial Securities Holder

NameFormis Resources Berhad
Address16th Floor
KH Tower
8 Lorong P. Ramlee
50250 Kuala Lumpur
NRIC/Passport No/Company No.530701-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderM & A Nominee (Tempatan) Sdn Bhd
Insas Credit & Leasing Sdn Bhd for
Formis Holdings Berhad
Level 1-2, No. 45 & 47
The Boulevard Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/02/2013
790,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of Formis Holdings Berhad being a wholly-owned subsidiary of Formis Resources Berhad pursuant to Section 6A of the Companies Act, 1965.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)790,000 
Indirect/deemed interest (%)0.61 
Total no of securities after change35,335,600
Date of notice13/02/2013


MICROLN - Changes in Sub. S-hldr's Int. (29B) - Formis Holdings Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced13 Feb 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130213-8C842

Particulars of substantial Securities Holder

NameFormis Holdings Berhad
Address16th Floor
KH Tower
8 Lorong P. Ramlee
50250 Kuala Lumpur
NRIC/Passport No/Company No.281000-K
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderM & A Nominee (Tempatan) Sdn Bhd
Insas Credit & Leasing Sdn Bhd for
Formis Holdings Berhad
Level 1-2, No. 45 & 47
The Boulevard Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/02/2013
790,000
 

Circumstances by reason of which change has occurredPurchased from open market
Nature of interestDirect
Direct (units)790,000 
Direct (%)0.61 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change35,335,600
Date of notice13/02/2013


MICROLN - Changes in Sub. S-hldr's Int. (29B) - Monteiro Gerard Clair

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced13 Feb 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130213-78B38

Particulars of substantial Securities Holder

NameMonteiro Gerard Clair
AddressNo. 26
Jalan Damansara Permai
50490 Kuala Lumpur
NRIC/Passport No/Company No.710725-71-5035
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderM & A Nominee (Tempatan) Sdn Bhd
Insas Credit & Leasing Sdn Bhd for
Formis Holdings Berhad
Level 1-2, No. 45 & 47
The Boulevard Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired08/02/2013
113,500
0.587 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial interest in Red Zone Development Sdn Bhd, which in turn owned 19.36% equity interest in Formis Resources Berhad, the holding company of Formis Holdings Berhad, pursuant to Section 6A of the Companies Act, 1965
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)113,500 
Indirect/deemed interest (%)0.09 
Total no of securities after change35,549,100
Date of notice13/02/2013


MICROLN - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced13 Feb 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130213-8C84F

Particulars of substantial Securities Holder

NameTan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas
AddressNo. 2, Jalan 12/7
46200 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.441021-08-5175
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderM & A Nominee (Tempatan) Sdn Bhd
Insas Credit & Leasing Sdn Bhd for
Formis Holdings Berhad
Level 1-2, No. 45 & 47
The Boulevard Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/02/2013
790,000
 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial shareholding in Formis Resources Berhad, the holding company of Formis Holdings Berhad pursuant to Section 6A of the Companies Act, 1965
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)790,000 
Indirect/deemed interest (%)0.61 
Total no of securities after change35,335,600
Date of notice13/02/2013


MICROLN - Changes in Sub. S-hldr's Int. (29B) - Red Zone Development Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced13 Feb 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130213-8C850

Particulars of substantial Securities Holder

NameRed Zone Development Sdn Bhd
AddressNo. 39, Jalan 16/155C
Bandar Bukit Jalil
57000 Kuala Lumpur
NRIC/Passport No/Company No.687427-D
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderM & A Nominee (Tempatan) Sdn Bhd
Insas Credit & Leasing Sdn Bhd for
Formis Holdings Berhad
Level 1-2, No. 45 & 47
The Boulevard Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/02/2013
790,000
 

Circumstances by reason of which change has occurredDeemed interest by virtue of its substantial interest in Formis Resources Berhad, the holding company of Formis Holdings Berhad, pursuant to Section 6A of the Companies Act, 1965
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)790,000 
Indirect/deemed interest (%)0.61 
Total no of securities after change35,335,600
Date of notice13/02/2013


MICROLN - Changes in Sub. S-hldr's Int. (29B) - Wong Kit Leong

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced13 Feb 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130213-8C851

Particulars of substantial Securities Holder

NameWong Kit Leong
Address1, Jalan Setia Nusantara U13/22F
Setia Ecopark
40170 Shah Alam
Selangor Darul Ehsan
NRIC/Passport No/Company No.710506-03-5523
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderM & A Nominee (Tempatan) Sdn Bhd
Insas Credit & Leasing Sdn Bhd for
Formis Holdings Berhad
Level 1-2, No. 45 & 47
The Boulevard Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/02/2013
790,000
 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial interest in Red Zone Development Sdn Bhd, which in turn owned 19.36% equity interest in Formis Resources Berhad, the holding company of Formis Holdings Berhad, pursuant to Section 6A of the Companies Act, 1965
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)790,000 
Indirect/deemed interest (%)0.61 
Total no of securities after change35,335,600
Date of notice13/02/2013


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