AGLOBAL - GENERAL MEETINGS: OUTCOME OF MEETING
Announcement Type: General Meetings
| Company Name | ARIANTEC GLOBAL BERHAD (ACE Market) |
| Stock Name | AGLOBAL |
| Date Announced | 25 Mar 2013 |
| Category | General Meetings |
| Reference No | CM-130325-55299 |
| Type of Meeting | EGM | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Indicator | Outcome of Meeting | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Date of Meeting | 25/03/2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Time | 11:00 AM | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Venue | Metronic Global Berhad’s Office, No. 2, Jalan Astaka U8/83, Bukit Jelutong, Seksyen U8, 40150 Shah Alam, Selangor Darul Ehsan | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Outcome of Meeting | The Board of Directors of Ariantec Global Berhad is pleased to announce the results of all the Resolutions as set out in the Notice of EGM dated 8 March 2013 (save for Resolutions 2, 3 and 4 on the removal of Dr. Vincent Loy Ghee Yaw, Mr N. Chanthiran a/l Nagappan and Mr Lee Teck Meng who had resigned as directors of the Company on 12 March 2013 and 22 March 2013 respectively. Hence, the said Resolutions 2, 3 and 4 were withdrawn) which were decided on a poll at the EGM of the Company held earlier today as follows:- Votes in Favour No. of Shares Votes Against No. of Shares Spoiled No. of Shares Abstained No. of Shares This announcement is dated 25 March 2013. |
SCOPE - MULTIPLE PROPOSALS
Announcement Type: General Announcement
| Company Name | SCOPE INDUSTRIES BERHAD (ACE Market) |
| Stock Name | SCOPE |
| Date Announced | 25 Mar 2013 |
| Category | General Announcement |
| Reference No | MB-130325-40588 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | SCOPE INDUSTRIES BERHAD (“SCOPE” OR “COMPANY”) - PROPOSED MERGER OF THE BUSINESSES OF SCOPE AND MATANG HOLDINGS BERHAD (“MATANG”) THROUGH THE TRANSFER OF THE ENTIRE BUSINESS AND UNDERTAKINGS, INCLUDING ALL ASSETS AND LIABILITIES, OF MATANG TO SCOPE FOR A TOTAL CONSIDERATION OF RM145,000,000 (“PROPOSED MERGER”); - PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN BENUA MUTIARA SDN BHD (“BENUA”) FOR A PURCHASE CONSIDERATION OF RM31,720,000; - PROPOSED EXEMPTION UNDER PARAGRAPH 16, PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 TO MATANG AND PARTIES ACTING IN CONCERT WITH MATANG FROM THE OBLIGATION TO EXTEND A TAKE-OVER OFFER FOR ALL THE REMAINING SECURITIES IN SCOPE NOT ALREADY HELD BY THEM PURSUANT TO THE PROPOSED MERGER; - PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL FROM RM100,000,000 COMPRISING 1,000,000,000 ORDINARY SHARES OF RM0.10 EACH IN SCOPE (“SCOPE SHARES”) TO RM200,000,000 COMPRISING 2,000,000,000 SCOPE SHARES; AND - PROPOSED CHANGE OF NAME OF THE COMPANY TO MATANG SCOPE BERHAD WHICH INCLUDE THE PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY TO REFLECT THE CHANGE OF NAME (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
This announcement is dated 25 March 2013. We refer to the announcements dated 19 November 2012 (“Initial Announcement”), 22 November 2012, 23 January 2013, 29 January 2013, 7 February 2013 and 11 March 2013 in relation to the Proposals. Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Initial Announcement. On behalf of the Board of Directors of Scope, AmInvestment Bank wishes to announce that the Securities Commission had, vide its letter dated 22 March 2013, resolved to approve the Proposed Merger under the equity requirement for public companies. The approval is subject to Scope allocating 12.5% of the difference between its new enlarged and its existing issued and paid-up share capital to Bumiputera investors to be recognised by the Ministry of International Trade and Industry within one (1) year after the enlarged Scope registers profit or three (3) years after the implementation of the Proposals, whichever is earlier. | |
GRANFLO - Changes in Sub. S-hldr's Int. (29B) - TAN BAK HONG
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | GRAND-FLO SOLUTION BERHAD |
| Stock Name | GRANFLO |
| Date Announced | 25 Mar 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CM-130325-D5EDC |
Particulars of substantial Securities Holder
| Name | TAN BAK HONG |
| Address | 9, Jalan PJU 1A/52, Damansara Idaman, 47500 Petaling Jaya, Selangor |
| NRIC/Passport No/Company No. | 630526-07-5733 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Tan Bak Hong (1,874,900 shares) 9, Jalan PJU 1A/52, Damansara Idaman, 47500 Petaling Jaya, Selangor Grand-Flo Corporation Sdn Bhd (68,170,652 shares) Third Floor, No. 79(Room A), Jalan SS 21/60, Damansara Utama, 47400 Petaling Jaya, Selangor |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 22/03/2013 | 103,000 |
| Remarks : |
| Indirect interest of 68,170,652 shares - Deemed interested by virtue of his interest in Grand-Flo Corporation Sdn Bhd |
GRANFLO - Changes in Sub. S-hldr's Int. (29B) - YAP LI LI
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | GRAND-FLO SOLUTION BERHAD |
| Stock Name | GRANFLO |
| Date Announced | 25 Mar 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CM-130325-EA7A4 |
Particulars of substantial Securities Holder
| Name | YAP LI LI |
| Address | 9, Jalan PJU 1A/52, Damansara Idaman, 47500 Petaling Jaya, Selangor |
| NRIC/Passport No/Company No. | 671217-10-5012 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Tan Bak Hong (1,874,900 shares) 9, Jalan PJU 1A/52, Damansara Idaman, 47500 Petaling Jaya, Selangor Grand-Flo Corporation Sdn Bhd (68,170,652 shares) Third Floor, No. 79(Room A), Jalan SS 21/60, Damansara Utama, 47400 Petaling Jaya, Selangor |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 22/03/2013 | 103,000 |
| Remarks : |
| Indirect interest of 70,045,552 shares - Deemed interested by virtue of her spouse, Tan Bak Hong's interest in the Company and by virtue of her and Tan Bak Hong's interest in Grand-Flo Corporation Sdn Bhd |
GRANFLO - Changes in Director's Interest (S135) - TAN BAK HONG
Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
| Company Name | GRAND-FLO SOLUTION BERHAD |
| Stock Name | GRANFLO |
| Date Announced | 25 Mar 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CM-130325-F24C5 |
Information Compiled By KLSE
Particulars of Director
| Name | TAN BAK HONG |
| Address | 9, Jalan PJU 1A/52, Damansara Idaman, 47500 Petaling Jaya, Selangor |
| 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 | 103,000 | 0.225 |
| Circumstances by reason of which change has occurred | Acquired via open market |
| Nature of interest | Direct |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 1,874,900 |
| Direct (%) | 0.59 |
| Indirect/deemed interest (units) | 68,170,652 |
| Indirect/deemed interest (%) | 21.33 |
| Date of notice | 25/03/2013 |
| Remarks : |
| Indirect interest of 68,170,652 shares - Deemed interested by virtue of his interest in Grand-Flo Corporation Sdn Bhd. The total percentage of ordinary shares acquired was 0.03%. |
GRANFLO - Changes in Director's Interest (S135) - YAP LI LI
Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
| Company Name | GRAND-FLO SOLUTION BERHAD |
| Stock Name | GRANFLO |
| Date Announced | 25 Mar 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CM-130325-F681F |
Information Compiled By KLSE
Particulars of Director
| Name | YAP LI LI |
| Address | 9, Jalan PJU 1A/52, Damansara Idaman, 47500 Petaling Jaya, Selangor |
| 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 | 103,000 | 0.225 |
| Circumstances by reason of which change has occurred | Acquired via open market |
| Nature of interest | Indirect |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 0 |
| Direct (%) | 0 |
| Indirect/deemed interest (units) | 70,045,552 |
| Indirect/deemed interest (%) | 21.92 |
| Date of notice | 25/03/2013 |
| Remarks : |
| Indirect interest of 70,045,552 shares - Deemed interested by virtue of her spouse, Tan Bak Hong's interest in the Company and by virtue of her and Tan Bak Hong's interest in Grand-Flo Corporation Sdn Bhd. The total percentage of ordinary shares acquired was 0.03%. |
EDUSPEC - MULTIPLE PROPOSALS
Announcement Type: General Announcement
| Company Name | EDUSPEC HOLDINGS BERHAD (ACE Market) |
| Stock Name | EDUSPEC |
| Date Announced | 25 Mar 2013 |
| Category | General Announcement |
| Reference No | CU-130325-44269 |
| Regularisation Sponsor | MIDF Amanah Investment Bank Bhd |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | EDUSPEC HOLDINGS BERHAD ("Eduspec" or "the Company") (i) Proposed Acquisition; (ii) Proposed Private Placement; (iii) Proposed Rights Issue with Warrants; (iv) Proposed IASC; and (v) Proposed M&A Amendment. (Collectively, referred to as the "Proposals") |
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcements dated 20 December 2012, 26 December 2012 and 19 February 2013 in relation to the Proposals) We refer to our announcements dated 20 December 2012, 26 December 2012 and 19 February 2013 in relation to the above Proposals. Pursuant to Clause 3.1 of the SSA for the Proposed Acquisition, the Conditions Precedent shall be fulfilled within three (3) months from the date of the SSA or such extended period as may be mutually agreed upon by Eduspec and the Vendors in writing ("Stipulated Period"). On behalf of the Board of Directors of Eduspec, MIDF Amanah Investment Bank Berhad wishes to announce that Eduspec and the Vendors have, vide a letter dated 19 March 2013, mutually agreed to extend the Stipulated Period for a further period of three (3) months from 19 March 2013 to 19 June 2013 to facilitate the fulfillment of the Conditions Precedent. This announcement is dated 25 March 2013. | |
SMRTECH - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
| Company Name | SMR TECHNOLOGIES BERHAD (ACE Market) |
| Stock Name | SMRTECH |
| Date Announced | 25 Mar 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CC-130325-37A7E |
ETITECH - PRACTICE NOTE 1 / GUIDANCE NOTE 5:NEW DEFAULT
Announcement Type: General Announcement
| Company Name | ETI TECH CORPORATION BERHAD |
| Stock Name | ETITECH |
| Date Announced | 25 Mar 2013 |
| Category | General Announcement |
| Reference No | CC-130325-62927 |
| Type | Announcement | ||||||||||||
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 NEW DEFAULT | ||||||||||||
| Description | ETI TECH CORPORATION BERHAD (“Etitech” or “the Company”) - Default in payment pursuant to Practice Note 1 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad | ||||||||||||
1. Introduction The Company wishes to announce that ETI Tech (M) Sdn Bhd, a wholly-owned subsidiary of the Company has failed to settle the following outstanding amount totaling RM11,743,224.78 to Maybank Islamic Berhad and Malayan Banking Berhad (collectively referred to as “Maybank”) :
2. Reason for Default
3. Measures taken to address the Default An initial letter of authorisation had been issued by a potential investor to Maybank and Standard Chartered Bank Berhad on 30 January 2013 in regards to the drawdown of a Bankers’ Guarantee amounting to USD10.0 million and another USD5.0 million to Hong Leong Bank Berhad to be utilized for increase in Credit line and partial settlement of the outstanding loans. At the same time, the Company had setup a Steering Committee to make immediate decision into the Group’s proposed restructuring plan and is advanced discussions with M/s Ernst & Young to be the Company’s Adviser and Interim Department for the Group’s proposed restructuring plan.
5. Business and Operational Impact of the Default The Default will not have substantial short term impact on the business and operations of the Group. A Steering Committee had been set-up to co-ordinate and monitor the progress of the Group’s proposed restructuring plan and remedial actions were taken to improve collections.
The Default may trigger a cross default with other lender, namely Hong Leong Bank Berhad. 7. Major Subsidiary ETI Tech (M) Sdn Bhd is a major subsidiary of the Company. 8. Solvency Declaration
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TDEX - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
Announcement Type: General Announcement
| Company Name | TECHNODEX BHD (ACE Market) |
| Stock Name | TDEX |
| Date Announced | 25 Mar 2013 |
| Category | General Announcement |
| Reference No | OI-130325-62022 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | TECHNODEX BHD ("TDEX" OR THE "COMPANY") PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 85,196,350 NEW ORDINARY SHARES OF RM0.10 EACH IN TDEX ("RIGHTS SHARE(S)") TOGETHER WITH UP TO 85,196,350 FREE DETACHABLE WARRANTS ("WARRANT(S)") AT AN ISSUE PRICE TO BE DETERMINED LATER, ON THE BASIS OF ONE (1) RIGHTS SHARE WITH ONE (1) FREE WARRANT FOR EVERY THREE (3) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN TDEX AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED RIGHTS ISSUE WITH WARRANTS") |
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 25 February 2013 in relation to the Proposed Rights Issue with Warrants. We refer to the announcements dated 25 February 2013 and 11 March 2013 in relation to the Proposed Rights Issue with Warrants. On behalf of the Board, OSK wishes to announce that the Controller of Foreign Exchange (via Bank Negara Malaysia) had vide its letter dated 21 March 2013 (which was received on 25 March 2013), approved the issuance of the Warrants to the non-resident holders. This announcement is dated 25 March 2013. | |
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