March 21, 2013

Company announcements: PALETTE, REDTONE, MTRONIC, ASDION, NEXTNAT, N2N, MICROLN

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

Announcement Type: General Announcement
Company NamePALETTE MULTIMEDIA BERHAD (ACE Market) 
Stock Name PALETTE  
Date Announced21 Mar 2013  
CategoryGeneral Announcement
Reference NoOS-130219-54850

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionPALETTE MULTIMEDIA BERHAD (“PALETTE” OR “COMPANY”)

RENOUNCEABLE RIGHTS ISSUE OF 145,263,250 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 HELD AT 5.00 P.M. ON 27 FEBRUARY 2013 ("ENTITLEMENT DATE")(“RIGHTS ISSUE OF WARRANTS”)

We refer to the announcements dated 7 September 2011, 9 September 2011, 14 September 2011, 26 September 2011, 5 April 2012, 14 September 2012, 24 September 2012 and 13 February 2013 in relation to the Rights Issue of Warrants. All abbreviations herein shall have the same meanings as those used in the announcements abovementioned unless stated otherwise.

On behalf of the Board, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue of Warrants at 5.00 p.m. on 14 March 2013 ("Closing Date"), the total valid acceptances and excess applications received for the Rights Issue of Warrants was for 145,202,901 Warrants, representing approximately 99.96% of the Warrants available for acceptances under the Rights Issue of Warrants, which represents an under-subscription rate of 0.04%.

The details of valid acceptances and excess applications received as at the Closing Date are as follows:

 

No. of Warrants

Percentage of total Warrants available for acceptance (%)

Total valid acceptances

85,937,901

59.16

Total valid excess applications

59,265,000

40.80

Total valid acceptances and excess applications

145,202,901

99.96

Total Warrants available for subscription

145,263,250

100.00

Under subscription

60,349

0.04

In view that the Warrants have not been fully subscribed for, the Board has resolved to allot the Warrants to all applicants who have applied for the excess Warrants. The undersubscribed Warrants will be subscribed by a substantial shareholder of Palette, namely Eg Kah Yee, pursuant to his Undertaking (as defined in the Abridged Prospectus).

The Warrants are expected to be listed and quoted on the ACE Market of Bursa Securities on 28 March 2013.

This announcement is dated 21 March 2013.

 


REDTONE - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced21 Mar 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCK-130321-1CAB8

Date of buy back21/03/2013
Description of shares purchasedOrdinary Shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)100,000
Minimum price paid for each share purchased ($$)0.390
Maximum price paid for each share purchased ($$)0.390
Total consideration paid ($$)39,284.70
Number of shares purchased retained in treasury (units)100,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)4,678,800
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 (%)0.97


MTRONIC - Changes in Sub. S-hldr's Int. (29B) - Tan Lian Hong (Amended Announcement)

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMETRONIC GLOBAL BERHAD  
Stock Name MTRONIC  
Date Announced21 Mar 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130321-F396E

Particulars of substantial Securities Holder

NameTan Lian Hong
AddressNo. 8 Jalan Impian Perdana 1, Impian Golf Saujana, Kajang, 43000 Selangor Darul Ehsan
NRIC/Passport No/Company No.870212-14-5201
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderAlliance Group Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Tan Lian Hong
Menara Multi Purpose
Capital Square
8 Jalan Munshi Abdullah
50100 Kuala Lumpur, Wilayah Persekutuan (KL)

Tan Lian Hong
No. 8, Jalan Impian Perdana 1
Impian Golf Saujana, Kajang
43000 Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others14/03/2013
1,304,000
 
Others20/03/2013
4,100,000
 

Description of other type of transactionTransfer of shares to his sibling.
Circumstances by reason of which change has occurredTransfer of shares to his sibling.
Nature of interestDirect
Direct (units)53,523,800 
Direct (%)8.43 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change53,523,800
Date of notice21/03/2013


MTRONIC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD (Amended Announcement)

Announcement Type: General Announcement
Company NameMETRONIC GLOBAL BERHAD  
Stock Name MTRONIC  
Date Announced21 Mar 2013  
CategoryGeneral Announcement
Reference NoCC-130321-E8F90

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we set out below details of the dealing in the Company's securities by a Director.

Name of Director: Tan Kian Hong

Date of Dealing

Number of Shares

Price per Share (RM)

Percentage (%)

Transaction

14.03.2013

1,304,000

-

0.21

Transfer of Shares from his sibling.

20.03.2013

4,100,000

-

0.64

Transfer of Shares from his sibling.

This announcement is dated 21 March 2013.



MTRONIC - Changes in Director's Interest (S135) - Tan Kian Hong (Amended Announcement)

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameMETRONIC GLOBAL BERHAD  
Stock Name MTRONIC  
Date Announced21 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130321-E8F9B

Information Compiled By KLSE

Particulars of Director

NameTan Kian Hong
Address270 Jalan Impian Gemilang 3/8, Persiaran Impian Gemilang, Saujana Impian, 43000 Kajang, Selangor Darul Ehsan
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)
Others
14/03/2013
1,304,000
 
Others
20/03/2013
4,100,000
 

Description of other type of transactionTransfer of shares from his sibling.
Circumstances by reason of which change has occurredTransfer of shares from his sibling.
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)5,404,000 
Direct (%)0.85 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice21/03/2013


ASDION - OTHERS (Amended Announcement)

Announcement Type: General Announcement
Company NameASDION BERHAD (ACE Market) 
Stock Name ASDION  
Date Announced21 Mar 2013  
CategoryGeneral Announcement
Reference NoC&-130321-698C8

TypeAnnouncement
SubjectOTHERS
DescriptionASDION BERHAD ("the Company")
VALUATION OF NON-CURRENT ASSETS INCORPORATED INTO FINANCIAL STATEMENTS OF THE COMPANY

Further to the Company's announcement made on 20th March 2013 pertaining to the incorporation of the revaluation surplus of approximately RM5.05 million in the consolidated financial statements of the Company for the financial year ended 31 March 2013, the Board of Directors of the Company wishes to inform that there is an error in the calculation of the effect of the revaluation surplus on the net assets per share. The revaluation surplus of approximately RM5.05 million will increase the net assets per share by RM0.71 for the financial year ended 31st March 2013 and not RM0.58 as previously stated.

The amended details of the revaluation are set out in the attachment.

This announcement is dated 21st March 2013.



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

Announcement Type: Financial Results
Company NameNEXTNATION COMMUNICATION BERHAD (ACE Market) 
Stock Name NEXTNAT  
Date Announced21 Mar 2013  
CategoryFinancial Results
Reference NoCS-130321-66259

Financial Year End30/04/2013
Quarter3
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
19,003
18,029
53,168
47,384
2Profit/(loss) before tax
1,874
2,107
4,666
5,744
3Profit/(loss) for the period
1,874
2,017
4,690
5,644
4Profit/(loss) attributable to ordinary equity holders of the parent
1,946
2,181
4,658
5,670
5Basic earnings/(loss) per share (Subunit)
0.40
0.52
0.79
1.36
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 ($$)
0.1701
0.1706
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


NEXTNAT - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameNEXTNATION COMMUNICATION BERHAD (ACE Market) 
Stock Name NEXTNAT  
Date Announced21 Mar 2013  
CategoryGeneral Announcement
Reference NoCS-130321-6625A

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionNEXTNATION COMMUNICATION BERHAD ("NEXTNATION" OR "THE COMPANY")
- MEMORANDUM OF UNDERSTANDING BETWEEN NEXTNATION DATACITY SDN. BHD. , A WHOLLY-OWNED SUBSIDIARY OF NEXTNATION AND PT GRAHA TUNAS MAKMUR
Further to the announcement made on 30 August 2012, the Board of Directors of NEXTNATION wishes to inform that there has been no development on the above matter as at the date of this announcement.
This announcement is dated 21 March 2013.


N2N - Notice of Shares Buy Back by a Company pursuant to Form 28B

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28B
Company NameN2N CONNECT BERHAD (ACE Market) 
Stock Name N2N  
Date Announced21 Mar 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28B
Reference NoCM-130314-62518

Date of shares sold from 14/03/2013 to
Date of shares cancelled from to
Number of treasury shares sold (units)2,857,700
CurrencyMalaysian Ringgit (MYR)
The minimum price at which the treasury shares were sold ($$)0.470
The maximum price at which the treasury shares were sold ($$)0.470
Total consideration received for the treasury shares sold ($$)1,343,119.00
The name of the Stock Exchange through which the treasury shares were soldBursa Malaysia
Total number of shares still in treasury (units)0
Number of treasury shares cancelled (units)
Total issued capital as diminished
Date lodged with registrar of companies21/03/2013
Lodged by Esprit Management Services Sdn Bhd


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 Announced21 Mar 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130321-74566

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
18/03/2013
23,000
0.595 

Circumstances by reason of which change has occurredAcquisition of shares by 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)39,044,600 
Indirect/deemed interest (%)29.32 
Date of notice21/03/2013


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