April 9, 2013

Company announcements: PALETTE, WILLOW, DIGISTA, GPRO, TECFAST, NEXTNAT, INARI

PALETTE - OTHERS Federal Court Civil Application No.: 08()-55-02/2013(W) Palette Multimedia Berhad v Asustek Computer Inc & Anor [Court of Appeal Civil Appeal No.: W-02-1931-2010]

Announcement Type: General Announcement
Company NamePALETTE MULTIMEDIA BERHAD (ACE Market) 
Stock Name PALETTE  
Date Announced9 Apr 2013  
CategoryGeneral Announcement
Reference NoCK-130409-38095

TypeAnnouncement
SubjectOTHERS
DescriptionFederal Court Civil Application No.: 08()-55-02/2013(W)
Palette Multimedia Berhad v Asustek Computer Inc & Anor
[Court of Appeal Civil Appeal No.: W-02-1931-2010]

Reference is made to the announcement dated 4 June 2010, 8 June 2010, 1 July 2010, 4 December 2012, 7 January 2013 and 4 February 2013.

The Board of Directors of Palette Multimedia Berhad ("Palette" or "the Company") wish to announce that the Company had on 8 April 2013 been notified by its legal representative that the Federal Court has fixed the hearing date for the application for leave to appeal on 22 August 2013.



WILLOW - Annual Audited Accounts - 31 December 2012 (Errata) (Amended Announcement)

Announcement Type: PDF Submission
Company NameWILLOWGLEN MSC BERHAD  
Stock Name WILLOW  
Date Announced9 Apr 2013  
CategoryPDF Submission
Reference NoWM-130409-57433

SubjectAnnual Audited Accounts - 31 December 2012 (Errata)


DIGISTA - DIGISTA-Renounceable rights issue of up to 137,664,390 new ordinary shares of RM0.10 each ("Rights Shares") on the basis of two (2) Rights Shares for every five (5) existing Digistar Shares held, together with up to 103,248,292 free Warrants 2013/2023 (“Warrants 2013/2023”) on the basis of three (3) free Warrants 2013/2023 for every four (4) Rights Shares subscribed for, at an issue price of RM0.20 per Rights Share (“Rights Issue with Warrants 2013/2023”)

Announcement Type: Listing Circular
Company NameDIGISTAR CORPORATION BERHAD  
Stock Name DIGISTA  
Date Announced9 Apr 2013  
CategoryListing Circular
Reference NoNM-130409-40768

LISTING'S CIRCULAR NO. L/Q : 67490 OF 2013

Kindly be advised that DIGISTA's:

i) additional 98,699,136 new ordinary shares of RM0.10 each issued pursuant to the aforesaid Rights Issue with Warrants 2013/2023 will be granted listing and quotation with effect from 9.00 a.m., Thursday, 11 April 2013; and

ii) 74,024,334 Warrants 2013/2013 issued pursuant to the aforesaid Rights Issue with Warrants 2013/2023 will be admitted to the Official List of Bursa Securities and the listing and quotation of these Warrants 2013/2023 on the Main Market will be granted with effect from 9.00 a.m., Thursday, 11 April 2013.


    The Stock Short Name, ISIN Code and Stock Number of the Warrants 2013/2023 are "DIGISTA-WB", "MYQ0029WBX43" and "0029WB" respectively.


GPRO - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameGPRO TECHNOLOGIES BERHAD (ACE Market) 
Stock Name GPRO  
Date Announced9 Apr 2013  
CategoryChange in Boardroom
Reference NoCS-130409-26C2A

Date of change08/04/2013
NameTang Tiong Seng
Age60
NationalityMalaysian
Type of changeRedesignation
Previous PositionExecutive Director
New PositionNon-Executive Director
DirectorateNon Independent & Non Executive
QualificationsBACHELOR OF SCIENCE (HONOURS) DEGREE FROM UNIVERSITY OF MALAYA. 
Working experience and occupation Mr Tang Tiong Seng has more than 18 years' experience in the IT industry. 
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 subsidiaries(1) 628 Ordinary shares of RM0.10 each (Direct - 0.00025%)
(2) 309,028 Ordinary shares of RM0.10 each (Indirect - 0.1236%)  


GPRO - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameGPRO TECHNOLOGIES BERHAD (ACE Market) 
Stock Name GPRO  
Date Announced9 Apr 2013  
CategoryChange in Boardroom
Reference NoCS-130408-53380

Date of change08/04/2013
NameRaymond Yip Wai Man
Age42
NationalityHong Kong (SAR)
Type of changeRedesignation
Previous PositionExecutive Director
New PositionNon-Executive Director
DirectorateNon Independent & Non Executive
Qualifications1. Bachelor degree in Commerce, Memorial University of Newfoundland.
2. Master's degree in Business Administration.
3. Member of the Institute of Chartered Accountants in Australia, the Certified General Accountant's Association of Canada and the Hong Kong Institute of Certified Public Accountants. 
Working experience and occupation He is an accountant by training and was a Chief Financial Officer with a global marketer and distributor of mobile entertainment products and services for over six years; Financial Controller with a multinational electronics manufacturing company in Hong Kong for over two years and was with Ernst & Young for the prior five years. He has obtained over 14 years' experience in financial management. He was also admitted by the Council of the University of New South Wales and the Senate of the University of Sydney. 
Directorship of public companies (if any)Industronics Berhad. 
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. 


TECFAST - OTHERS TECHFAST HOLDINGS BERHAD ("the Company") - PROPOSED AUTHORITY TO PURCHASE ITS OWN SHARES BY THE COMPANY

Announcement Type: General Announcement
Company NameTECHFAST HOLDINGS BERHAD (ACE Market) 
Stock Name TECFAST  
Date Announced9 Apr 2013  
CategoryGeneral Announcement
Reference NoCI-130328-39058

TypeAnnouncement
SubjectOTHERS
DescriptionTECHFAST HOLDINGS BERHAD ("the Company")
- PROPOSED AUTHORITY TO PURCHASE ITS OWN SHARES BY THE COMPANY

The Board of Directors of the Company is pleased to announce that the Company wishes to seek the approval from its shareholders for the Proposed Authority to Purchase its Own Shares by the Company ("Proposal") at the forthcoming Annual General Meeting.

A Circular to the shareholders of the Company containing information on the Proposal will be despatched to the shareholders in due course.

This announcement is dated 9 April 2013.


TECFAST - OTHERS TECHFAST HOLDINGS BERHAD ("TECHFAST") Proposed Final Single Tier Dividend For The Financial Year Ended 31 December 2012

Announcement Type: General Announcement
Company NameTECHFAST HOLDINGS BERHAD (ACE Market) 
Stock Name TECFAST  
Date Announced9 Apr 2013  
CategoryGeneral Announcement
Reference NoCI-130409-62636

TypeAnnouncement
SubjectOTHERS
DescriptionTECHFAST HOLDINGS BERHAD ("TECHFAST")
Proposed Final Single Tier Dividend For The Financial Year Ended 31 December 2012

The Board of Directors of TECHFAST has recommended a Final Single Tier Dividend of 0.5 sen per share for the financial year ended 31 December 2012, for the approval by the Company's shareholders at the forthcoming Annual General Meeting.

The entitlement and payment dates in respect of the proposed Final Single Tier Dividend will be announced at a later date.

This announcement is dated 9 April 2013.



NEXTNAT - Changes in Sub. S-hldr's Int. (29B) - Nutox Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameNEXTNATION COMMUNICATION BERHAD (ACE Market) 
Stock Name NEXTNAT  
Date Announced9 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-130409-4426B

Particulars of substantial Securities Holder

NameNutox Limited
AddressQuastisky Building, PO Box. 4389, Road Town, Tortola, British Virgin Islands.
NRIC/Passport No/Company No.1567186
Nationality/Country of incorporationBritish Virgin Islands
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderNutox Limited
Quastisky Building, PO Box. 4389, Road Town, Tortola, British Virgin Islands.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/04/2013
500,000
0.095 
Disposed05/04/2013
505,000
0.110 

Circumstances by reason of which change has occurredDisposal of shares via open market
Nature of interestDirect Interest
Direct (units)33,554,100 
Direct (%)5.13 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change33,554,100
Date of notice09/04/2013


NEXTNAT - Notice of Interest Sub. S-hldr (29A) - Nutox Limited

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameNEXTNATION COMMUNICATION BERHAD (ACE Market) 
Stock Name NEXTNAT  
Date Announced9 Apr 2013  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCS-130409-4426A

Particulars of Substantial Securities Holder

NameNutox Limited
AddressQuastisky Building, PO Box. 4389, Road Town, Tortola, British Virgin Islands.
NRIC/Passport No/Company No.1567186
Nationality/Country of incorporationBritish Virgin Islands
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderNutox Limited
Quastisky Building, PO Box. 4389, Road Town, Tortola, British Virgin Islands.

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired03/04/2013
No of securities1,960,200
Circumstances by reason of which Securities Holder has interestAcquisition via open market
Nature of interestDirect Interest
Price Transacted ($$)0.095

Total no of securities after change

Direct (units)34,559,100 
Direct (%)5.28 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice09/04/2013


INARI - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameINARI BERHAD (ACE Market) 
Stock Name INARI  
Date Announced9 Apr 2013  
CategoryGeneral Announcement
Reference NoOS-130409-211CD

Admission SponsorM&A Securities Sdn Bhd
SponsorSame as above
TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionINARI BERHAD (“INARI” OR THE “COMPANY”)

• ACQUISITION OF 100% EQUITY INTEREST IN AMERTRON INC. (GLOBAL) LIMITED FOR A TOTAL PURCHASE CONSIDERATION OF USD32,000,000;
• RIGHTS ISSUE WITH WARRANTS;
• ISSUANCE OF NEW SHARES;
• ISSUANCE OF PREFERENCE SHARES;
• VARIATION TO THE UTILISATION OF LISTING PROCEEDS;
• INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY; AND
• AMENDMENTS TO THE MEMORANDUM OF ASSOCIATION OF THE COMPANY

(COLLECTIVELY, THE “PROPOSALS”)

(All abbreviations used in this announcement are defined in the announcement dated 23 July 2012)

 

Reference is made to the announcements dated 23 July 2012, 24 December 2012, 7 March 2013 and 29 March 2013 in relation to the Proposals. M&A Securities Sdn Bhd on behalf of the Board, is pleased to announce that the issue price for the Rights Shares has been fixed at RM0.36 per share and the exercise price for the Warrants has been fixed at RM0.38 per Warrant.

 

The issue price for the Rights Shares at RM0.36 was determined by the Board after taking into consideration:

 

(i) the historical share price movement of Inari Shares;

 

(ii) the (5)-day volume weighted average market price ("5D-WAMP") of Inari Shares up to and including 8 April 2013 of RM0.43, being the market day immediately preceding the price-fixing date on 9 April 2013; and

 

(iii) the par value of Inari Shares of RM0.10 each.

 

The issue price of the Rights Shares at RM0.36 per Rights Share is at a discount of approximately 12.20% to the theoretical ex-rights price of Inari Shares of RM0.41, calculated based on the 5D-WAMP up to and including 8 April 2013 of RM0.43, being the market day immediately preceding the price fixing date on 9 April 2013.

 

The exercise price for the Warrants at RM0.38 per Warrant was determined by the Board after taking into consideration:

 

(i) the 5D-WAMP of Inari Shares up to and including 8 April 2013 of RM0.43, being the market day immediately preceding the price fixing date of the Warrants on 9 April 2013;

 

(ii) the theoretical ex-rights price of Inari Shares of RM0.41, calculated based on the 5D-WAMP of Inari Shares up to and including 8 April 2013 of RM0.43; and

 

(iii) the par value of Inari Shares of RM0.10 each.

 

The exercise price of the Warrants at RM0.38 per Warrant represents a discount of 7.32% to the theoretical ex-rights price of the Inari Shares of RM0.41 and a discount of 11.63% to the 5D-WAMP up to and including 8 April 2013 of RM0.43, being the market day immediately preceding the price fixing date on 9 April 2013.

 

This announcement is dated 9 April 2013.

 

 

 

 

 

 

 

 

 

 



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