August 12, 2013

Company announcements: FLONIC, ETITECH, MICROLN

FLONIC - Changes in Sub. S-hldr's Int. (29B) - Novatige Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced12 Aug 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-130812-83E68

Particulars of substantial Securities Holder

NameNovatige Sdn. Bhd.
AddressUnit A-32-06, Three Two Square,
2, Jalan 19/1,
46300 Petaling Jaya,
Selangor Darul Ehsan
NRIC/Passport No/Company No.658861-W
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderMercSec Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities Account for Novatige Sdn. Bhd.
3rd Floor, Wisma UMNO,
Lorong Bagan Luar Dua,
12000 Butterworth,
Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/08/2013
5,000,000
0.150 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Direct (units)42,004,100 
Direct (%)12 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change42,004,100
Date of notice12/08/2013

Remarks :
Overall interests after change:

Direct Interest: 42,004,100 shares
Indirect Interest: Nil


FLONIC - Changes in Sub. S-hldr's Int. (29B) - Chua Wye Man

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced12 Aug 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-130812-83E66

Particulars of substantial Securities Holder

NameChua Wye Man
AddressNo. 22, Selekoh Tunku,
Bukit Tunku,
50480 Kuala Lumpur,
Wilayah Persekutuan
NRIC/Passport No/Company No.650928-10-5091
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderTan Siew Ching
No. 22, Selekoh Tunku,
Bukit Tunku,
50480 Kuala Lumpur,
Wilayah Persekutuan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/08/2013
2,000,000
0.150 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)31,500,000 
Indirect/deemed interest (%)
Total no of securities after change31,500,000
Date of notice12/08/2013

Remarks :
Overall interests after change:

Direct Interest: Nil

Indirect Interest: 31,500,000 ordinary shares
- Deemed interested by virtue of his spouse's shareholding in the Company, Ms. Tan Siew Ching


FLONIC - Changes in Sub. S-hldr's Int. (29B) - Heng Hock Meng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced12 Aug 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-130812-83E6A

Particulars of substantial Securities Holder

NameHeng Hock Meng
AddressNo. 34, Jalan PJS 5/7,
Taman Desaria,
46000 Petaling Jaya,
Selangor Darul Ehsan
NRIC/Passport No/Company No.560126-04-5489
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderMercSec Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities Account for Novatige Sdn. Bhd.
3rd Floor, Wisma UMNO,
Lorong Bagan Luar Dua,
12000 Butterworth,
Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/08/2013
5,000,000
0.150 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestIndirect
Direct (units)80 
Direct (%)
Indirect/deemed interest (units)42,004,100 
Indirect/deemed interest (%)12 
Total no of securities after change42,004,180
Date of notice12/08/2013

Remarks :
Direct Interest: 80 shares
Indirect Interest: 42,004,100 shares
- Deemed interested by virtue of his shareholding in Novatige Sdn. Bhd.


FLONIC - Changes in Sub. S-hldr's Int. (29B) - Tan Siew Ching

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced12 Aug 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-130812-83E65

Particulars of substantial Securities Holder

NameTan Siew Ching
AddressNo. 22, Selekoh Tunku,
Bukit Tunku,
50480 Kuala Lumpur,
Wilayah Persekutuan
NRIC/Passport No/Company No.690522-71-5160
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderTan Siew Ching
No. 22, Selekoh Tunku,
Bukit Tunku,
50480 Kuala Lumpur,
Wilayah Persekutuan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/08/2013
2,000,000
0.150 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect
Direct (units)31,500,000 
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change31,500,000
Date of notice12/08/2013

Remarks :
Overall interests after change:

Direct Interest: 31,500,000

Indirect Interest: Nil


FLONIC - Changes in Director's Interest (S135) - Chua Wye Man

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced12 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-130812-83E67

Information Compiled By KLSE

Particulars of Director

NameChua Wye Man
AddressNo. 22, Selekoh Tunku,
Bukit Tunku,
50480 Kuala Lumpur,
Wilayah Persekutuan
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
06/08/2013
2,000,000
0.150 

Circumstances by reason of which change has occurredAcquisition of shares by his spouse
Nature of interestIndirect Interest
Consideration (if any)RM300,000/- 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)31,500,000 
Indirect/deemed interest (%)
Date of notice12/08/2013

Remarks :
Overall interests after change:

Direct Interest: Nil

Indirect Interest: 31,500,000 ordinary shares
- Deemed interested by virtue of his spouse's shareholding in the Company, Ms. Tan Siew Ching

The acquisition of 2,000,000 ordinary shares of RM0.10 each represents 0.57% of the total issued and paid-up share capital of the Company.

This announcement is also made to comply with Rule 14.09 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.


FLONIC - Changes in Sub. S-hldr's Int. (29B) - Goh Seng Kiat

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced12 Aug 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-130812-83E69

Particulars of substantial Securities Holder

NameGoh Seng Kiat
AddressNo. 10-12-2,
Jalan Lengkok Abdullah,
Bangsar Utama,
59000 Kuala Lumpur,
Wilayah Persekutuan
NRIC/Passport No/Company No.671111-08-5965
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderMercSec Nominees (Tempatan) Sdn. Bhd.
- Pledged Securities Account for Novatige Sdn. Bhd.
3rd Floor, Wisma UMNO,
Lorong Bagan Luar Dua,
12000 Butterworth,
Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed06/08/2013
5,000,000
0.150 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)42,004,100 
Indirect/deemed interest (%)12 
Total no of securities after change42,004,100
Date of notice12/08/2013

Remarks :
Overall interests after change:

Direct Interest: Nil

Indirect Interest: 42,004,100
- Deemed interested by virtue of his shareholding in Novatige Sdn. Bhd.


ETITECH - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameETI TECH CORPORATION BERHAD  
Stock Name ETITECH  
Date Announced12 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130812-62229

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionETI TECH CORPORATION BERHAD (“Etitech” or “the Company”)
Writ of Summon and Statement of Claims filed by Standard Chartered Bank Malaysia Berhad (“Standard Chartered” or “the Plaintiff”) VS
1) ETI Tech (M) Sdn Bhd (1st Defendant)
2) the Company (2nd Defendant)
The Board of Directors of Etitech wishes to announce that ETI Tech (M) Sdn Bhd (“ETI-M”), a wholly-owned subsidiary of Etitech and the Company as Corporate Guarantor, had on 12 August 2013 been served with the Writ of Summon and Statement of Claims both dated 31 July 2013, issued by Penang High Court in relation to the claims filed by Standard Chartered through a firm of lawyers acting on behalf of the Plaintiff.
The Penang High Court had fixed the matter for Case Management on 29 August 2013.

According to the Statement of Claims, Standard Chartered had through a firm of lawyers acting on its behalf issued letter dated 07 January 2013 to ETI-M demanding to regularize the excess in the overdraft account in the sum of RM4,358,234.37 and to settle the outstanding sum of USD929,490.00 under Export Bills as at 31 December 2012 and subsequently another letter dated 06 June 2013 to ETI-M recalling the facilities and demanding payments of all sums due and owing and thereafter, another letter dated 17 June 2013 to the Company demanding the payment of the outstanding sums due and owing under the facilities. Standard Chartered filed the Writ of Summon with Penang High Court as ETI-M and the Company have failed to pay the outstanding sums demanded.

Particulars of claim and circumstances leading to filing of the Writ of Summon dated 31 July 2013

The Plaintiff seeks against ETI-M and the Company for the following :

1) The sum of RM5,033,557.46 being the overdraft facility amount owing by ETI-M as at 31 May 2013;
2) Interests on the sum of RM5,033,557.46 at the rate of the Plaintiff’s Base Lending Rate (a fluctuating rate which is currently at 6.60% per annum) + margin of 1% per annum + default rate of 1% per annum, from 01 June 2013 until the date of full settlement;
3) The sum of USD937,918.92 being the Export Bills amount owing by ETI-M as at 31 May 2013;
    Interests on the sum of USD915,000.00 at the rate of the Plaintiff’s Foreign Currency Cost of Fund at 0.9% per annum + margin of 1.5% per annum + default rate of 1% per annum, from 01 June 2013 until the date of full settlement;
4) Costs on a solicitors and client basis; and
5) Such further and/or other relief as the Court deems fit.

Financial & Operational Impact

The amount had been accounted for in the Company’s and ETI-M’s accounts as such there is no further financial impact on the Group. The litigation will not have any operational impact on Group.

Expected losses to the Group, if any

Save for the amount that have already been provided, ETI-M and the Company are exposed to the claim, interests and legal expenses.

ETI-M is in the midst of negotiation with Standard Chartered and the Company will announce further developments on the above matter as and when necessary. The Company will be appointing a lawyer for case management.

This announcement is dated 12 August 2013.


MICROLN - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced12 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130812-86836

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionPursuant to the rule 14.08 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company has received notification from Mr Monteiro Gerard Clair, the Director of Microlink Solutions Berhad in relation to the acquisition of shares by JF Apex Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Formis Holdings Berhad (Margin) in which he is deemed interested by virtue of his substantial interest in Red Zone Development Sdn Bhd, which in turn owned 22.04% equity interest in Formis Resources Berhad, the holding company of Formis Holdings Berhad, pursuant to Section 6A of the Companies Act, 1965.

This announcement is dated 12 August 2013.

Date of Dealing

Description of securities

Number of Shares Acquired

Price per Share (RM)

% of Securities Acquired

12/08/2013

Ordinary Shares of RM0.10 each

536,500

0.600

0.39



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 Announced12 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130812-86840

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
12/08/2013
536,500
0.600 

Circumstances by reason of which change has occurredAcquisition of shares by JF Apex Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Formis Holdings Berhad (Margin). Deemed interested by virtue of his substantial interest in Red Zone Development Sdn Bhd, which in turn owned 22.04% 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)96,604,226 
Indirect/deemed interest (%)70.11 
Date of notice12/08/2013


MICROLN - Changes in Sub. S-hldr's Int. (29B) - Monteiro Gerard Clair

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced12 Aug 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130812-8683F

Particulars of substantial Securities Holder

NameMonteiro Gerard Clair
AddressNo. 26
Jalan Damansara Permai
50490 Kuala Lumpur
NRIC/Passport No/Company No.710725-71-5035
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderJF Apex Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for
Formis Holdings Berhad (Margin)
6th Floor, Menara Apex
Off Jalan Semenyih
Bukit Mewah, 43000
Kajang, Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired12/08/2013
536,500
0.600 

Circumstances by reason of which change has occurredDeemed interested by virtue of his substantial interest in Red Zone Development Sdn Bhd, which in turn owned 22.04% 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
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)536,500 
Indirect/deemed interest (%)0.39 
Total no of securities after change96,604,226
Date of notice12/08/2013


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