AT - Change in Boardroom
Announcement Type: Change in Boardroom
| Company Name | AT SYSTEMATIZATION BERHAD (ACE Market) |
| Stock Name | AT |
| Date Announced | 1 Mar 2013 |
| Category | Change in Boardroom |
| Reference No | CA-130130-36531 |
| Date of change | 01/03/2013 |
| Name | Kenny Khow Chuan Wah |
| Age | 38 |
| Nationality | Malaysian |
| Designation | Director |
| Directorate | Independent & Non Executive |
| Type of change | Resignation |
| Reason | Other work commitment |
| Details of any disagreement that he/she has with the Board of Directors | No |
| Whether there are any matters that need to be brought to the attention of the shareholders | No |
| Qualifications | (1) CPA Australia (2) Bachelor of Business with Double Major in Accounting and Finance |
| Working experience and occupation | Mr. Kenny Khow graduated from the University of Technology, Sydney, with a degree in Accounting and Finance (Distinction). He is a member of the Malaysian Institute of Accountants and CPA Australia. He started his career as an auditor with PricewaterhouseCoopers Malaysia in 1997. He has extensive experience in auditing (internal & external) for 13 years, including a two-year secondment from 2004-2006 at PricewaterhouseCoopers London. He has trained in the areas of corporate exercises covering IPO, demerger of a listed entity, management and integration of two major companies in Malaysia, privatisation of a major listed entity, rights issue, issuance of debt securities, as well as the sale and leaseback of key assets. Other work experience includes financial due diligence, advisory, and numerous cross-border securities offering. He also conducted numerous training courses across various industries' in areas of accounting and auditing issues, principles and application of accounting standards (including IFRS), and audit methodology. He joined 1 Utopia Berhad as the Chief Financial Officer in 2010 to oversee the Group's financial affairs including accounting, finance, tax and treasury. He was promoted to be a Finance Director in October 2011. Currently, he is also a Director of Tejari Sdn. Bhd., Tejari Engineering Sdn. Bhd., Tejari Hoseal Solutions Sdn. Bhd., ICT Rewards and Services Sdn. Bhd. ("formerly known as Tejari Trading Sdn. Bhd."), PC3 Technology Sdn. Bhd., Essential Action Sdn. Bhd., ICT Utopia Sdn. Bhd. and Popular Landmark Sdn. Bhd., which are all within the 1 Utopia Group. |
| Directorship of public companies (if any) | 1 Utopia Berhad |
| 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 |
AT - Change in Boardroom
Announcement Type: Change in Boardroom
| Company Name | AT SYSTEMATIZATION BERHAD (ACE Market) |
| Stock Name | AT |
| Date Announced | 1 Mar 2013 |
| Category | Change in Boardroom |
| Reference No | CA-130130-36204 |
| Date of change | 01/03/2013 |
| Name | Chang Vun Lung |
| Age | 37 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Director |
| Directorate | Independent & Non Executive |
| Qualifications | Mr. Chang had received his early education at Tuanku Abdul Rahman College. He became a member to the Association of Chartered Certified Accountants (ACCA, UK) since year 2004 and a member to the Malaysian Institute of Accountants (MIA) in year 2005. He has been admitted as fellowship member in ACCA in year 2009. |
| Working experience and occupation | Mr. Chang had started his career by attaching himself to a Chartered Accountant firm, BDO Binder for approximately 4 years. He then spent another 4 years with Isyoda Corporation Bhd, a construction company listed on the Main Board of Bursa Malaysia. During his tenure with the company, he was appointed as a Group Accountant where he took charge of accounting and finance functions. Presently, he runs his own professional firm which specialises in consultancy and corporate services. He was appointed as the Independent Non Executive Director in Focus Dynamics Technologies Berhad on January 8, 2013. |
| Directorship of public companies (if any) | Focus Dynamics Technologies Berhad |
| 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 |
AT - Change in Audit Committee
Announcement Type: Change in Audit Committee
| Company Name | AT SYSTEMATIZATION BERHAD (ACE Market) |
| Stock Name | AT |
| Date Announced | 1 Mar 2013 |
| Category | Change in Audit Committee |
| Reference No | CA-130130-36364 |
| Date of change | 01/03/2013 |
| Name | Chang Vun Lung |
| Age | 37 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Member of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | Mr. Chang had received his early education at Tuanku Abdul Rahman College. He became a member to the Association of Chartered Certified Accountants (ACCA, UK) since year 2004 and a member to the Malaysian Institute of Accountants (MIA) in year 2005. He has been admitted as fellowship member in ACCA in year 2009. |
| Working experience and occupation | Mr. Chang had started his career by attaching himself to a Chartered Accountant firm, BDO Binder for approximately 4 years. He then spent another 4 years with Isyoda Corporation Bhd, a construction company listed on the Main Board of Bursa Malaysia. During his tenure with the company, he was appointed as a Group Accountant where he took charge of accounting and finance functions. Presently, he runs his own professional firm which specialises in consultancy and corporate services. He was appointed as the Independent Non Executive Director in Focus Dynamics Technologies Berhad on January 8, 2013. |
| Directorship of public companies (if any) | Focus Dynamics Technologies Berhad |
| 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) | Dato' Sri Ahmad Said Bin Hamdan (Independent and Non-Executive Chairman) Dr. Ch’ng Huck Khoon (Independent and Non-Executive Director) Chang Vun Lung (Independent and Non-Executive Director) |
AT - Change in Audit Committee
Announcement Type: Change in Audit Committee
| Company Name | AT SYSTEMATIZATION BERHAD (ACE Market) |
| Stock Name | AT |
| Date Announced | 1 Mar 2013 |
| Category | Change in Audit Committee |
| Reference No | CA-130130-36767 |
| Date of change | 01/03/2013 |
| Name | Kenny Khow Chuan Wah |
| Age | 38 |
| Nationality | Malaysian |
| Type of change | Resignation |
| Designation | Member of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | (1) CPA Australia (2) Bachelor of Business with Double Major in Accounting and Finance |
| Working experience and occupation | Mr. Kenny Khow graduated from the University of Technology, Sydney, with a degree in Accounting and Finance (Distinction). He is a member of the Malaysian Institute of Accountants and CPA Australia. He started his career as an auditor with PricewaterhouseCoopers Malaysia in 1997. He has extensive experience in auditing (internal & external) for 13 years, including a two-year secondment from 2004-2006 at PricewaterhouseCoopers London. He has trained in the areas of corporate exercises covering IPO, demerger of a listed entity, management and integration of two major companies in Malaysia, privatisation of a major listed entity, rights issue, issuance of debt securities, as well as the sale and leaseback of key assets. Other work experience includes financial due diligence, advisory, and numerous cross-border securities offering. He also conducted numerous training courses across various industries' in areas of accounting and auditing issues, principles and application of accounting standards (including IFRS), and audit methodology. He joined 1 Utopia Berhad as the Chief Financial Officer in 2010 to oversee the Group's financial affairs including accounting, finance, tax and treasury. He was promoted to be a Finance Director in October 2011. Currently, he is also a Director of Tejari Sdn. Bhd., Tejari Engineering Sdn. Bhd., Tejari Hoseal Solutions Sdn. Bhd., ICT Rewards and Services Sdn. Bhd. ("formerly known as Tejari Trading Sdn. Bhd."), PC3 Technology Sdn. Bhd., Essential Action Sdn. Bhd., ICT Utopia Sdn. Bhd. and Popular Landmark Sdn. Bhd., which are all within the 1 Utopia Group. |
| Directorship of public companies (if any) | 1 Utopia Berhad |
| 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) | Dato' Sri Ahmad Said Bin Hamdan (Independent and Non-Executive Chairman) Dr. Ch’ng Huck Khoon (Independent and Non-Executive Director) Chang Vun Lung (Independent and Non-Executive Director) |
AT - Change in Boardroom
Announcement Type: Change in Boardroom
| Company Name | AT SYSTEMATIZATION BERHAD (ACE Market) |
| Stock Name | AT |
| Date Announced | 1 Mar 2013 |
| Category | Change in Boardroom |
| Reference No | CA-130225-38083 |
| Date of change | 01/03/2013 |
| Name | Mak Siew Wei |
| Age | 38 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Executive Director |
| Directorate | Executive |
| Qualifications | Bachelor in Information System |
| Working experience and occupation | He pursued his education in the United States and graduated with a Bachelor degree in Management Information System and subsequently worked for Marvic International (NY) Ltd in New York as a Business Development Manager for 3 years. Currently, he is a businessman with interest in financial services. In addition, he was appointed as the Independent Non-Executive Director of Advance Information Marketing Berhad, a company listed on the ACE Market, on 27 July 2010, and was later redesignated as an Executive Director on 22 September 2010. He is also appointed as an Executive Director of SCAN Associates Berhad and Independent Non Executive Director of Nakamichi Corporation Berhad. |
| Directorship of public companies (if any) | 1. SCAN Associates Berhad 2. Advance Information Marketing Berhad 3. Nakamichi Corporation Berhad |
| 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 | 6,120,000 ordinary shares of RM0.10 each |
AT - Change in Boardroom
Announcement Type: Change in Boardroom
| Company Name | AT SYSTEMATIZATION BERHAD (ACE Market) |
| Stock Name | AT |
| Date Announced | 1 Mar 2013 |
| Category | Change in Boardroom |
| Reference No | CA-130130-35940 |
| Date of change | 01/03/2013 |
| Name | Cham Owi Tong |
| Age | 46 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Executive Director |
| Directorate | Executive |
| Qualifications | M.B.A. |
| Working experience and occupation | Mr. Cham joined AT Engineering Sdn. Bhd. since 2011 as a General Manager. He pursued his education in Southern California University for professional studies and graduated with Masters of Business Administration in 2000. Mr. Cham has more than 20 years of working experience in business development and top management post in Multinational Corporation (MNC) in Malaysia and China. Since 2005, he was working in China Mainland as a Business Development Director and Vice President of the MNC. He is also active in a few Non-Government Organizations for the past 20 over years and good social network with the community. |
| 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 | 30,000 ordinary shares of RM0.10 each |
MEXTER - Changes in Sub. S-hldr's Int. (29B) - Dato' Dennis Chuah
Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
| Company Name | MEXTER TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | MEXTER |
| Date Announced | 1 Mar 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CA-130301-9872D |
Particulars of substantial Securities Holder
| Name | Dato' Dennis Chuah |
| Address | 501G-9-1 Diamond Villa, 11200 Tanjung Bungah, Penang |
| NRIC/Passport No/Company No. | 730124-07-5253 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Share of RM0.10 each |
| Name & address of registered holder | Dato' Dennis Chuah 501G-9-1 Diamond Villa, 11200 Tanjung Bungah, Penang |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 22/02/2013 | 150,000 | 0.140 |
| Remarks : |
| We received the Notice on 1 March 2013. |
TECFAST - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS (Amended Announcement)
Announcement Type: General Announcement
| Company Name | TECHFAST HOLDINGS BERHAD (ACE Market) |
| Stock Name | TECFAST |
| Date Announced | 1 Mar 2013 |
| Category | General Announcement |
| Reference No | CI-130301-AA6C9 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TECHFAST HOLDINGS BERHAD ("TECHFAST" OR "THE COMPANY") PROPOSED DISPOSAL OF 2,750,000 ORDINARY SHARES OF BAHT 10 EACH REPRESENTING 56.06% OF EQUITY INTEREST IN TECHFAST PRECISION (THAILAND) CO. LTD., FOR A TOTAL CONSIDERATION OF BAHT 1,457,820 OR EQUIVALENT TO ABOUT RM145,053 ("PROPOSED DISPOSAL") |
We refer to our earlier announcement made on 31 October 2012 replying Bursa Malaysia Securities Berhad's query letter dated 30 October 2012 (Ref : NS-121030-33209), the Board of Directors of TECHFAST wishes to announce that there is an amendment to item 4 of the attached file to the announcement made on 31 October 2012. The new amended item 4 should be read as follows:- The sale will result in decrease to the Group’s profit of approximately RM0.07 million and is calculated pursuant to accounting standard FRS 127. The net gain or loss on the Proposed Disposal is the difference between the proceeds received and the Company’s share of the underlying net assets of Techfast Thailand at disposal date. As Techfast Thailand is in a net liabilities position, the Proposed Disposal would result in a net loss to the Group. The calculation of the loss on disposal is as follows: RM RM Proceeds from disposal 151,068 Less : Carrying amount of shares as at date of disposal (145,279) -------------- Gain on disposal to parent company 5,789 Less : Realisation of provision for impairment loss (2,687,510) Add : Realisation of share of post-acquisition reserves Accumulated losses 2,593,031 Foreign exchange fluctuation reserve 71,160 -------------- 2,664,191 Add : Accumulated impairment loss on goodwill 17,224 -------------- Loss on disposal before reclassification adjustment (306) Less : Reclassification adjustmernt of foreign exchange reserve (71,160) ________ Loss on disposal to the Group (71,466) ======== This announcement is dated 1 March 2013. | |
INSBIO - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
Announcement Type: General Announcement
| Company Name | INS BIOSCIENCE BERHAD (ACE Market) |
| Stock Name | INSBIO |
| Date Announced | 1 Mar 2013 |
| Category | General Announcement |
| Reference No | CC-130228-C70F2 |
| Regularisation Sponsor | M&A Securities Sdn Bhd |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | Reference is made to the First Announcement made by the Company on 30 August 2012, and the monthly announcements made on 1 October 2012, 1 November 2012, 3 December 2012, 2 January 2013 and 4 February 2013 respectively, in compliance with Rule 4.1(b) of Guidance Note ("GN") 3 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of INSBIO wishes to inform that the Company is in the midst of evaluating various options in its endeavour to formulate a regularisation plan to meet its obligation under GN3 (“Regularisation Plan”). Premised on the First Announcement and the monthly announcements, the last day for submission of the Regularisation Plan by the Company to Bursa Securities and obtain Bursa Securities' approval to implement the said Regularisation Plan would be by 29 August 2013, which is approximately six (6) months from the date of this announcement. This announcement is dated 1 March 2013. |
SRIDGE - Profile for Warrants
Announcement Type: Listing Information & Profile
| Company Name | SILVER RIDGE HOLDINGS BHD (ACE Market) |
| Stock Name | SRIDGE-WA |
| Date Announced | 1 Mar 2013 |
| Category | Listing Information & Profile |
| Reference No | OS-130227-40827 |
| Instrument Type | Warrants |
| Description | Warrants issued pursuant to the Bonus Issue of Warrants |
| Listing Date | 04/03/2013 |
| Issue Date | 25/02/2013 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 55,000,000 |
| Maturity Date | 24/02/2023 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 10.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.1800 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 Warrant : 1 ordinary share of RM0.10 each in SRHB |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| Each Warrant carries the entitlement to subscribe for one (1) new SRHB Share at the exercise price (as indicated above) and at any time during the exercise period (as indicated above) (“Exercise Period”) subject to the adjustments in accordance with the provisions of the deed poll dated 31 January 2013, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose. This announcement is dated 1 March 2013. |
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