March 28, 2013

Company announcements: NEXTNAT, FLONIC, SMRTECH, EXTOL, ASIABIO, DSCSOL, CIMB

NEXTNAT - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameNEXTNATION COMMUNICATION BERHAD (ACE Market) 
Stock Name NEXTNAT  
Date Announced28 Mar 2013  
CategoryGeneral Announcement
Reference NoMM-130328-60322

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionNEXTNATION COMMUNICATION BERHAD (“NCB” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO 84,615,300 NEW ORDINARY SHARES OF RM0.10 EACH IN NCB (“NCB SHARES” OR “SHARES”) (“PLACEMENT SHARES”), REPRESENTING UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF NCB AT AN ISSUE PRICE TO BE DETERMINED AND ANNOUNCED LATER (“PROPOSED PRIVATE PLACEMENT”)

Reference is made to the announcements dated 18 March 2013, 20 March 2013, 21 March 2013 and 27 March 2013 in respect of the Proposed Private Placement.

On behalf of the Board of Directors of NCB (“Board”), Public Investment Bank Berhad wishes to announce that the Board had on 28 March 2013 fixed the issue price for the placement of 59,459,400 new NCB Shares (“Price-fixing Date”) at RM0.10 per Placement Share (“Issue Price”).

The Issue Price represents a premium of approximately 17.65% over the five (5)-day volume weighted average market price of the NCB Shares up to and including 27 March 2013, being the last market day immediately preceding the Price-fixing Date, of RM0.085 per NCB Share.

This announcement is dated 28 March 2013.



FLONIC - Quarterly rpt on consolidated results for the financial period ended 31/1/2013

Announcement Type: Financial Results
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced28 Mar 2013  
CategoryFinancial Results
Reference NoCS-130328-47A26

Financial Year End31/01/2013
Quarter4
Quarterly report for the financial period ended31/01/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/01/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/01/2013
31/01/2012
31/01/2013
31/01/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
4,149
1,379
12,102
9,009
2Profit/(loss) before tax
-5,019
-134
-7,702
-429
3Profit/(loss) for the period
-5,017
-134
-7,701
-429
4Profit/(loss) attributable to ordinary equity holders of the parent
-5,017
-134
-7,701
-429
5Basic earnings/(loss) per share (Subunit)
-1.43
-0.10
-2.87
-0.31
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.0477
0.0279
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


SMRTECH - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameSMR TECHNOLOGIES BERHAD (ACE Market) 
Stock Name SMRTECH  
Date Announced28 Mar 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-130327-58E3C

Date of buy back28/03/2013
Description of shares purchasedOrdinary Shares
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)31,000
Minimum price paid for each share purchased ($$)0.185
Maximum price paid for each share purchased ($$)0.185
Total consideration paid ($$)5,735.00
Number of shares purchased retained in treasury (units)31,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)4,111,600
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)2.179


EXTOL - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameEXTOL MSC BERHAD (ACE Market) 
Stock Name EXTOL  
Date Announced28 Mar 2013  
CategoryChange in Audit Committee
Reference NoCK-130328-44540

Date of change28/03/2013
NameMohd Fadzli Bin Ibrahim
Age57
NationalityMalaysian
Type of changeRetirement
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsHe graduated with a Diploma in Banking from Universiti of Technology Mara in 1976 and Bachelor of Business Administration (Finance) from Western Michigan University, US in 1981. 
Working experience and occupation He started his career in Bank Negara Malaysia in 1976 as an executive. After he attained his degree, he started working with Malaysian International Merchant Bankers Berhad ("MIMB") as an assistant manager in 1982 in the field of corporate finance. In 1984, he left MIMB to join Malaysian International Finance Berhad, a subsidiary of MIMB for 8 years before persuing his own business in 1992.

Currently, he sits on the board of directors of Early Impression Sdn Bhd specializing in pre-school education and Elite Project Management Sdn Bhd specializing in aviation, homeland security and project consulting. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)1) Encik Ismawadee Bin Ismail (Chairman) - Independent Non-Executive Director
2) Dato' Ahmad Bin Ismail (Member) - Independent Non-Executive Director

Remarks :
The Company is in the midst of searching for a suitable candidate to fill vacancy in order to comply with Rule 15.09(1) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad within three (3) months from the date of this announcement.


EXTOL - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameEXTOL MSC BERHAD (ACE Market) 
Stock Name EXTOL  
Date Announced28 Mar 2013  
CategoryChange in Boardroom
Reference NoCK-130328-43479

Date of change28/03/2013
NameMohd Fadzli Bin Ibrahim
Age57
NationalityMalaysian
Type of changeRetirement
DesignationDirector
DirectorateIndependent & Non Executive
QualificationsHe graduated with a Diploma in Banking from Universiti of Technology Mara in 1976 and Bachelor of Business Administration (Finance) from Western Michigan University, US in 1981. 
Working experience and occupation He started his career in Bank Negara Malaysia in 1976 as an executive. After he attained his degree, he started working with Malaysian International Merchant Bankers Berhad ("MIMB") as an assistant manager in 1982 in the field of corporate finance. In 1984, he left MIMB to join Malaysian International Finance Berhad, a subsidiary of MIMB for 8 years before persuing his own business in 1992.

Currently, he sits on the board of directors of Early Impression Sdn Bhd specializing in pre-school education and Elite Project Management Sdn Bhd specializing in aviation, homeland security and project consulting. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


EXTOL - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameEXTOL MSC BERHAD (ACE Market) 
Stock Name EXTOL  
Date Announced28 Mar 2013  
CategoryGeneral Meetings
Reference NoCK-130325-35935

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting28/03/2013
Time11:00 AM
VenueHomer Room, Unit G1, Ground Floor, Wisma UOA Pantai, No. 11, Jalan Pantai Jaya, 59200 Kuala Lumpur.
Outcome of Meeting

The Board of Directors of Extol MSC Berhad ("the Company") wishes to announce that all the resolutions tabled at the 9th Annual General Meeting ("9th AGM") of the Company held on 28th March 2013 were duly passed by the shareholders except for Resolution (1).

Resolution (1) had been withdrawn at the 9th AGM due to Encik Mohd Fadzli Bin Ibrahim did not wish to seek re-election as Director of the Company. As such, he had retired at the conclusion of the 9th AGM held today.



ASIABIO - Quarterly rpt on consolidated results for the financial period ended 31/1/2013

Announcement Type: Financial Results
Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO  
Date Announced28 Mar 2013  
CategoryFinancial Results
Reference NoCC-130327-50303

Financial Year End31/01/2013
Quarter4
Quarterly report for the financial period ended31/01/2013
The figureshave not been audited

Attachments

ABT - 4th Quarterly Report.pdf
434 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/01/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/01/2013
31/01/2012
31/01/2013
31/01/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
946
398
2,313
5,517
2Profit/(loss) before tax
-2,090
-18,666
-4,317
-18,351
3Profit/(loss) for the period
-2,161
-18,701
-4,403
-18,443
4Profit/(loss) attributable to ordinary equity holders of the parent
-2,161
-18,601
-4,394
-19,950
5Basic earnings/(loss) per share (Subunit)
-0.57
-5.08
-1.15
-5.45
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.0531
0.0644
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


ASIABIO - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameASIA BIOENERGY TECHNOLOGIES BERHAD (ACE Market) 
Stock Name ASIABIO  
Date Announced28 Mar 2013  
CategoryGeneral Announcement
Reference NoCC-130328-59953

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionASIABIOENERGY TECHNOLOGIES BERHAD ("ASIABIO OR THE "COMPANY")

ACQUISITION OF REMAINING SHARES IN SUBSIDIARY


1. Introduction

We wish to announce that Asiabio has today acquired the remaining 20,000 ordinary shares of RM1.00 each representing 20.0% of the issued and paid-up capital of Eco-Sponge Sdn Bhd (“Eco-Sponge”), an existing subsidiary of Asiabio, from the vendor, Tan KiatPoh, for a cash consideration amount of RM2.00 only (“Acquisition”). With the acquisition of the remaining shares, Asiabio has increased its shareholding in Eco-Sponge to 100%.

2. Information on Eco-Sponge

Eco-Sponge was incorporated in Malaysia under the Companies Act 1965 on 21 August 2007 and is involved in the manufacturing of absorbent filtration compound for the biodiesel industry. It is presently inactive.

3. Purchase Consideration

The purchase consideration was arrived at after taking into consideration the inactive status of the company as well as its audited net liabilities of RM24,275 and net losses of RM16,845 for the financial year ended 31 January 2012.

4. Rationale of the Acquisition

The Acquisition will give Asiabio full control of the company and its business, the direction and prospect of which will be determined later.

5. Financial Effects

The Acquisition is not expected to have any material effect on the earnings per share of Asiabio Group for the financial year ending 31 January 2014, share capital, major shareholders’ shareholdings, net assets per share, gearing and dividend policy of Asiabio Group. Nonetheless, barring any unforeseen circumstances, the Acquisition is expected to contribute positively to the future earnings of the Company upon successful implementation of the business turnaround of Eco-Sponge.

There are no liabilities, including contingent liabilities or guarantees,expected to be assumed by Asiabioor the vendor from the Acquisition.

6. Percentage Ratio

The highest percentage ratio applicable to the Acquisition is negligible.

 
7. Directors’ and Major Shareholders’ Interest

None of the Directors, substantial shareholders and/or persons connected with the Directors and/or substantial shareholders of Asiabio has any interest, direct or indirect, in the Acquisition.

8. Statement by Directors

The Board of Directors of Asiabio is of the opinion that the Acquisition is in the best interest of Asiabio.

9. Approvals

The Acquisition is not subject to the approval of shareholders and regulatory authorities.

This announcement is dated 28 March 2013.



DSCSOL - OTHERS DSC SOLUTIONS BERHAD (“DSC” OR “THE COMPANY”) - ARTICLE ENTITLED “DSC SOLUTIONS PLANS TO STRENGTHEN REGIONAL FOOTHOLD”

Announcement Type: General Announcement
Company NameDSC SOLUTIONS BERHAD (ACE Market) 
Stock Name DSCSOL  
Date Announced28 Mar 2013  
CategoryGeneral Announcement
Reference NoCM-130328-59676

Admission SponsorKenanga Investment Bank Bhd
SponsorTA Securities Holdings Bhd
TypeAnnouncement
SubjectOTHERS
DescriptionDSC SOLUTIONS BERHAD (“DSC” OR “THE COMPANY”)
- ARTICLE ENTITLED “DSC SOLUTIONS PLANS TO STRENGTHEN REGIONAL FOOTHOLD”

We refer to the article entitled “DSC Solutions plans to strengthen regional foothold” which appeared in The Edge Financial Daily on Thursday, 28 March 2013 containing the following statements:-

1. “… we have recently extended our reach to Myanmar,”

2. “For 1QFY13 ended Dec 31, 2012, the group saw a net profit of RM24 million, compared to a net loss of RM20 million for the same quarter last year.”

The Company wishes to clarify as below:-

1. The Company is currently at the exploratory stage to venture into Myanmar through mergers and acquisitions. Should there be any concrete development on this matter in the future, the Company will make the appropriate announcement to Bursa Malaysia Securities Berhad in due course.

2. For 1QFY13 ended Dec 31, 2012, DSC and its subsidiaries made a net profit of RM13,000 compared to a net loss of RM25,000 for the same quarter last year.

This announcement is dated 28 March 2013.



CIMB - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameCIMB GROUP HOLDINGS BERHAD  
Stock Name CIMB  
Date Announced28 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCG-130328-57688

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderEmployees 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, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/03/2013
5,866,500
 
Acquired25/03/2013
200,000
 

Circumstances by reason of which change has occurred- Citigroup EPF Board - Disposal of 5,866,500 shares
- Citigroup EPF Board (Alliance) - Acquisition of 200,000 shares
Nature of interestDirect
Direct (units)961,318,732 
Direct (%)12.93 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change961,318,732
Date of notice26/03/2013

Remarks :
Notice received on 28 March 2013.

c.c. Securities Commission


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