Company announcements: EKIB, FRB, SCIB, RCECAP, FITTERS, ITRONIC

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

Announcement Type: General Announcement

Company Name	EMAS KIARA INDUSTRIES BERHAD
Stock Name	EKIB
Date Announced	1 Jul 2013
Category	General Announcement
Reference No	MI-130701-66922

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	EMAS KIARA INDUSTRIES BERHAD ("EKIB" OR THE "COMPANY") I. PROPOSED ACQUISITION; II. PROPOSED JOINT VENTURE; AND III. PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Further to the announcement dated 25 March 2013 in relation to the Proposed Acquisition and the Proposed Joint Venture, on behalf of the Board of Directors of EKIB ("Board"), RHB Investment Bank Berhad ("RHB") is pleased to announce the following:- i. Noblecorp Property (Sabah) Sdn Bhd had on 1 July 2013 entered into a conditional sale and purchase agreement with K.K.I.P Sdn Bhd ("Vendor") for the acquisition of the adjoining parcels leasehold vacant industrial land measuring approximately 94 acres located in Kota Kinabalu Industrial Park, Sabah ("Project Land") for an indicative total purchase consideration of RM33,454,080 ("Purchase Consideration") ("SPA"); and ii. Noblecorp Lands Sdn Bhd had on on 1 July 2013 entered into a conditional joint venture agreement with KKIPSB to set out the terms governing their relationship as shareholders in the joint venture company, namely Noblecorp Property ("JVC"), and the manner the JVC is to be managed in connection with the proposed development of the Project Land ("JVA"). In conjunction with the Proposed Acquisition and the Proposed Joint Venture, the Board also proposes to diversify the existing core business of EKIB to include property development business ("Proposed Diversification"). Further details of the Proposals are set out in the attachment. This announcement is dated 1 July 2013.

Attachments EKIB_Announcement.pdf 93 KB

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

Announcement Type: General Announcement

Company Name	FORMIS RESOURCES BERHAD
Stock Name	FRB
Date Announced	1 Jul 2013
Category	General Announcement
Reference No	FR-130701-68489

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED INVESTMENT IN BANCORE A/S
The Board of Directors (“the Board”) of Formis Resources Berhad (“FRB” and/or “the Company”) wishes to announce that the Company had on 28 June 2013 entered into a Term Sheet with Bancore A/S (“Bancore”) for investment in Bancore for a total consideration of up to Euro Six Million (EUR6,000,000) [equivalent to RM24,921,000 based on the conversion rate of RM1 = EUR0.2408 as at 28 June 2013] only (hereinafter referred to as “Proposed Investment”). Further details of the Proposed Investment are attached below.

Attachments FRB - Investment in Bancore.pdf 178 KB

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SCIB - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Datuk Amar (Dr.) Hamid Bin Bugo

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	SARAWAK CONSOLIDATED INDUSTRIES BERHAD
Stock Name	SCIB
Date Announced	1 Jul 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CC-130701-1E920

Particulars of substantial Securities Holder

Name	Tan Sri Datuk Amar (Dr.) Hamid Bin Bugo
Address	No. 325, Jalan Siol Kandis, Petra Jaya, 93050 Kuching, Sarawak
NRIC/Passport No/Company No.	450825-13-5005
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary shares of RM1.00 each
Name & address of registered holder	Maybank Nominees (Tempatan) Sdn. Bhd. 194, Al-Idrus Commercial Centre, Jalan Satok, 93400 Kuching, Sarawak

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	28/06/2013	5,000	0.390

Circumstances by reason of which change has occurred	Acquisition through Maybank Nominees (Tempatan) Sdn. Bhd.
Nature of interest	Direct Interest
Direct (units)	3,235,700
Direct (%)	4.39
Indirect/deemed interest (units)	9,281,600
Indirect/deemed interest (%)	12.61
Total no of securities after change	12,517,300
Date of notice	01/07/2013

Remarks :

(1) Direct Interest: (a) 2,201,400 shares (2.99%) are registered in his own name (b) 1,034,300 shares (1.40%) are held through Maybank Nominees (Tempatan) Sdn. Bhd. (2) Indirect Interest: (a) Pacific Unit Sdn. Bhd. - 9,281,600 shares (12.61%)* *: Deemed interested by virtue of his substantial shareholding in Pacific Unit Sdn. Bhd.

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SCIB - Changes in Director's Interest (S135) - Tan Sri Datuk Amar (Dr.) Hamid Bin Bugo

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965

Company Name	SARAWAK CONSOLIDATED INDUSTRIES BERHAD
Stock Name	SCIB
Date Announced	1 Jul 2013
Category	Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference No	CC-130701-1E83D

Information Compiled By KLSE

Particulars of Director

Name	Tan Sri Datuk Amar (Dr.) Hamid Bin Bugo
Address	No. 325, Jalan Siol Kandis, Petra Jaya, 93050 Kuching, Sarawak
Descriptions(Class & nominal value)	Ordinary shares of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	28/06/2013	5,000	0.390

Circumstances by reason of which change has occurred	Acquisition through Maybank Nominees (Tempatan) Sdn. Bhd.
Nature of interest	Direct Interest
Consideration (if any)

Total no of securities after change
Direct (units)	3,235,700
Direct (%)	4.39
Indirect/deemed interest (units)	9,281,600
Indirect/deemed interest (%)	12.61
Date of notice	01/07/2013

Remarks :

(1) Direct Interest: (a) 2,201,400 shares (2.99%) are registered in his own name (b) 1,034,300 shares (1.40%) are held through Maybank Nominees (Tempatan) Sdn. Bhd. (2) Indirect Interest: (a) Pacific Unit Sdn. Bhd. - 9,281,600 shares (12.61%)* *: Deemed interested by virtue of his substantial shareholding in Pacific Unit Sdn. Bhd.

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RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement

Company Name	RCE CAPITAL BERHAD
Stock Name	RCECAP
Date Announced	1 Jul 2013
Category	Notice of Shares Buy Back - Immediate Announcement
Reference No	RC-130701-29296

Date of buy back	01/07/2013
Description of shares purchased	Ordinary shares of RM0.10 each
Currency	Malaysian Ringgit (MYR)
Total number of shares purchased (units)	40,000
Minimum price paid for each share purchased ($$)	0.270
Maximum price paid for each share purchased ($$)	0.270
Total consideration paid ($$)	10,879.04
Number of shares purchased retained in treasury (units)	40,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)	401,400
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 (%)	0.03

Remarks :

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RCECAP - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A

Company Name	RCE CAPITAL BERHAD
Stock Name	RCECAP
Date Announced	1 Jul 2013
Category	Notice of Shares Buy Back by a Company Pursuant to Form 28A
Reference No	RC-130627-254CC

Date of buy back from	19/06/2013
Date of buy back to	26/06/2013
Currency	Malaysian Ringgit (MYR)
Total number of shares purchased (units)	303,000
Minimum price paid for each share purchased ($$)	0.260
Maximum price paid for each share purchased ($$)	0.275
Total amount paid for shares purchased ($$)	81,632.45
The name of the stock exchange through which the shares were purchased	Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)	303,000
Total number of shares retained in treasury (units)	313,000
Number of shares purchased which were cancelled (units)	0
Total issued capital as diminished	0
Date lodged with registrar of companies	01/07/2013
Lodged by	RCE Capital Berhad

Remarks :

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FITTERS - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A

Company Name	FITTERS DIVERSIFIED BERHAD
Stock Name	FITTERS
Date Announced	1 Jul 2013
Category	Notice of Shares Buy Back by a Company Pursuant to Form 28A
Reference No	CC-130701-50445

Date of buy back from	24/06/2013
Date of buy back to	24/06/2013
Currency	Malaysian Ringgit (MYR)
Total number of shares purchased (units)	100,000
Minimum price paid for each share purchased ($$)	0.730
Maximum price paid for each share purchased ($$)	0.730
Total amount paid for shares purchased ($$)	77,532.90
The name of the stock exchange through which the shares were purchased	Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)	100,000
Total number of shares retained in treasury (units)	24,901,000
Number of shares purchased which were cancelled (units)	0
Total issued capital as diminished	0
Date lodged with registrar of companies	01/07/2013
Lodged by	Strategy Corporate Secretariat Sdn. Bhd.

Remarks :

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

Announcement Type: General Announcement

Company Name	INDUSTRONICS BERHAD
Stock Name	ITRONIC
Date Announced	1 Jul 2013
Category	General Announcement
Reference No	CS-130701-B897B

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") - DISPOSAL OF THE 55% EQUITY INTEREST IN ASIAN ADVERTISING (M) SDN. BHD, A SUBSIDIARY OF INDUSTRONICS
1. INTRODUCTION The Board of Directors of Industronics is pleased to announce that the Company has on 01 July 2013 entered into a Sale and Purchase of Shares Agreement (the “Agreement”) to dispose of the fifty five (55) percent equity interest in Asian Advertising (M) Sdn. Bhd. (Company No. 232193-M) (“AASB”), a subsidiary of the Company, comprising one hundred and sixty five thousand (165,000) ordinary shares of Ringgit Malaysia one (RM1.00) each (“Sale Shares”), to Goh Pick Ting (NRIC 670131-06-5131) (the “Purchaser”) for a cash consideration of Ringgit Malaysia One (RM1.00) only (the “Disposal”). Upon completion of the Disposal, AASB will cease to be a subsidiary of the Company. 2. DETAILS OF AASB AASB was incorporated in Malaysia under the Companies Act, 1965 (“Act”) on 10 January 1992. The authorised share capital of AASB is Ringgit Malaysia Three Hundred Thousand (RM300,000) comprising three hundred thousand (300,000) ordinary shares of RM1.00 each, all of which had been issued and fully paid up. AASB had been dormant since year 2011. AASB was previously involved in providing advertising services in all area of commercial advertising. 3. RATIONALE FOR THE DISPOSAL AASB had incurred losses over the past few years and remains dormant during the financial year ended (“FYE”) 31 December 2012. Accumulated losses of AASB as at 31 December 2012 was RM2,848,174. The Disposal will enable Industronics to divest its non-performing subsidiaries and streamline its’ structure for better efficiency. 4. SALIENT TERMS OF THE AGREEMENT The salient terms of Agreement are as follows: (i) The purchase price for the Sale Shares of Ringgit Malaysia One (RM1.00) only shall be paid by the Purchaser to Industronics. (ii) In consideration of the Purchaser entering into the Agreement and at the request of the Company and the completion of the Agreement with consideration of the sum of Ringgit Malaysia One (RM1.00) now paid by the Purchaser to the Company, the Company agreed to grant, assign, transfer and set over unto the Purchaser its entire right, title and interest in and to the debt of RM2,535,293.64/- being the advance by the Company to AASB as at 30 June 2013. 5. ORIGINAL COST OF INVESTMENT Industronics invested in fifty five (55) percent of equity interest in AASB at a total cost of Ringgit Malaysia one hundred and sixty five thousand (RM165,000), details as below: Date No. of shares allotted/(disposed) Par Value (RM) Cumulative Cost of Investment (RM) 10 February 1992 2 1.00 2 30 March 1992 49,998 1.00 50,000 16 February 1993 250,000 1.00 300,000 22 November 1993 (135,000) 1.00 165,000 Total 165,000 6. BASIS OF ARRIVING AT THE SALE CONSIDERATION AND UTILISATION OF SALE CONSIDERATION The cash consideration of Ringgit Malaysia One (RM1.00) is arrived at on a “willing buyer willing seller” basis, after taking into consideration the unaudited net liabilities of AASB of RM2,535,293.64 as at 30 June 2013 and the assignment to the Purchaser of the debts owing by AASB to Industronics amounting to RM2,535,293.64 as at 30 June 2013. Industronics had made full provision for the debts owing by AASB. For the FYE 31 December 2012, the audited net liabilities of AASB were RM2,548,174. 7. ASSUMPTION OF LIABILITIES There are no liabilities, including contingent liabilities and guarantees, to be assumed by the Purchaser pursuant to the Disposal. There is no corporate guarantee extended by Industronics to any creditor of AASB. 8. EFFECT OF THE DISPOSAL 8.1 Share Capital and Shareholding Structure of the Substantial Shareholders The Disposal will not have any effect on the issued and paid-up share capital and shareholding structure of the substantial shareholders in Industronics as it does not involve any allotment or issuance of new ordinary shares of Industronics. 8.2 Net assets The Disposal will not have any material effect on the consolidated net assets of Industronics. 8.3 Gearing The Disposal will not have any material effect on the gearing ratio of the Industronics Group. 8.4 Earnings The Disposal will not have any material effect on the earnings of the Industronics Group for the financial year ending 31 December 2013. 9. APPROVAL OF SHAREHOLDERS The Disposal does not require the approval of the Company’s shareholders or any other regulatory body. The highest percentage ratio applicable to the Disposal pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements is negligible. 10. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM None of the Directors and/or major shareholders of Industronics as well as persons connected with them have any interest, direct and/or indirect in the Disposal. 11. STATEMENT BY THE BOARD OF DIRECTORS The Board of Directors, having considered the rational and other aspects of the Disposal, is of the view that the Disposal is in the best interest of the Industronics Group. 12. ESTIMATED TIMEFRAME FOR COMPLETION The Disposal is completed today, being the date of the Agreement and the cash consideration of Ringgit Malaysia One (RM1.00) has been received today. 13. DOCUMENTS FOR INSPECTION A copy of the Agreement is available for inspection at Industronics’ registered office at No. 9, Jalan Taming Jaya 3, Taman Tanming Jaya, 43300 Seri Kembangan, Selangor Darul Ehsan during the normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 01 July 2013.

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ITRONIC - Changes in Director's Interest (S135) - Yip Wai Man Raymond

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965

Company Name	INDUSTRONICS BERHAD
Stock Name	ITRONIC
Date Announced	1 Jul 2013
Category	Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference No	CS-130701-B8978

Information Compiled By KLSE

Particulars of Director

Name	Yip Wai Man Raymond
Address	Block C-15-16, No.3, Jalan Tropicana Selatan, Pangsapuri Bayu Puteri, PJU 3, 47301 Petaling Jaya, Selangor Darul Ehsan
Descriptions(Class & nominal value)	Ordinary Shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Disposed	26/06/2013	1,891,400	0.480

Circumstances by reason of which change has occurred	Disposed through married deal
Nature of interest	Direct
Consideration (if any)

Total no of securities after change
Direct (units)	0
Direct (%)	0
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	01/07/2013

Remarks :

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ITRONIC - Changes in Sub. S-hldr's Int. (29B) - Christian Kwok-Leun Yau Heilesen

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	INDUSTRONICS BERHAD
Stock Name	ITRONIC
Date Announced	1 Jul 2013
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CS-130701-BB5FD

Particulars of substantial Securities Holder

Name	Christian Kwok-Leun Yau Heilesen
Address	Block C-15-16, No.3, Jalan Tropicana Selatan, Pangsapuri Bayu Puteri, PJU 3, 47301 Petaling Jaya, Selangor Darul Ehsan
NRIC/Passport No/Company No.	204893890
Nationality/Country of incorporation	Danish
Descriptions (Class & nominal value)	Ordinary shares of RM0.50 each
Name & address of registered holder	1. Christian Kwok-Leun Yau Heilesen Block C-15-16, No.3, Jalan Tropicana Selatan, Pangsapuri Bayu Puteri, PJU 3, 47301 Petaling Jaya, Selangor Darul Ehsan 2. Deluxe Garden Limited Unit 301 3/F, Hung to Centre, 94-96 How Ming Street Kwun Tong, Kowloon, Hong Kong

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	24/06/2013	196,500
Disposed	26/06/2013	2,764,800
Acquired	24/06/2013	1,398,800
Acquired	25/06/2013	1,058,500
Acquired	26/06/2013	1,283,800

Circumstances by reason of which change has occurred	Acquisition in open market and disposal via married deal
Nature of interest	Direct and Indirect
Direct (units)	341,400
Direct (%)	0.36
Indirect/deemed interest (units)	8,011,600
Indirect/deemed interest (%)	8.51
Total no of securities after change	8,353,000
Date of notice	01/07/2013

Remarks :

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