September 20, 2013

Company announcements: SERSOL, MNC, EDUSPEC, SCN, XOX, HIBISCS, PESTECH

SERSOL - Notice of Person Ceasing (29C) - Toh Hong Chye

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Company NameSERSOL BERHAD (ACE Market) 
Stock Name SERSOL  
Date Announced20 Sept 2013  
CategoryNotice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference NoCC-130918-64069

Particulars of substantial Securities Holder

NameToh Hong Chye
Address86 Jalan Beverly Heights 3A, Beverly Heights, 68000 Ampang, Selangor Darul Ehsan, Malaysia
NRIC/Passport No/Company No.750702-10-5695
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Date of cessation18/09/2013
Name & address of registered holderToh Hong Chye
86 Jalan Beverly Heights 3A, Beverly Heights, 68000 Ampang, Selangor Darul Ehsan, Malaysia
CurrencyMalaysian Ringgit (MYR)
Number of securities disposed10,650,000 
Price Transacted ($$) 
Circumstances by reason of which a person ceases to be a substantial securities HolderDisposal
Nature of interestDirect
Date of notice20/09/2013


SERSOL - Changes in Director's Interest (S135) - Toh Hong Chye

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSERSOL BERHAD (ACE Market) 
Stock Name SERSOL  
Date Announced20 Sept 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130918-64534

Information Compiled By KLSE

Particulars of Director

NameToh Hong Chye
Address86 Jalan Beverly Heights 3A, Beverly Heights, 68000 Ampang, Selangor Darul Ehsan, Malaysia
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)
Disposed
18/09/2013
10,650,000
 

Circumstances by reason of which change has occurredDisposal
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)1,349 
Direct (%)0.0007 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice20/09/2013


SERSOL - Changes in Director's Interest (S135) - Toh Hong Chye

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSERSOL BERHAD (ACE Market) 
Stock Name SERSOL  
Date Announced20 Sept 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130918-64902

Information Compiled By KLSE

Particulars of Director

NameToh Hong Chye
Address6 Jalan Beverly Heights 3A, Beverly Heights, 68000 Ampang, Selangor Darul Ehsan, Malaysia
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
18/09/2013
5,650,000
 

Circumstances by reason of which change has occurredDisposal
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)1,349 
Direct (%)0.0014 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice20/09/2013


MNC - Changes in Director's Interest (S135) - GERALD NICHOLAS TAN ENG HOE

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameM N C WIRELESS BERHAD (ACE Market) 
Stock Name MNC  
Date Announced20 Sept 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCP-130920-A7CE1

Information Compiled By KLSE

Particulars of Director

NameGERALD NICHOLAS TAN ENG HOE
Address63 Jalan USJ 2/5,
UEP Subang Jaya,
47600 Subang Jaya,
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)
Acquired
19/09/2013
200,000
0.250 

Circumstances by reason of which change has occurredAcquisition via open market
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)600,000 
Direct (%)0.635 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice20/09/2013

Remarks :
The acquisition of approximately 0.2117% equity is made outside the closed period and is being announced in compliance with Chapter 14 of the ACE Market Listing Requirements


EDUSPEC - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameEDUSPEC HOLDINGS BERHAD (ACE Market) 
Stock Name EDUSPEC  
Date Announced20 Sept 2013  
CategoryGeneral Announcement
Reference NoCU-130920-40950

Regularisation SponsorMIDF Amanah Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionEDUSPEC HOLDINGS BERHAD ("Eduspec" or "the Company")

(i) Proposed Acquisition;

(ii) Proposed Private Placement;

(iii) Proposed Rights Issue with Warrants;

(iv) Proposed IASC; and

(v) Proposed M&A Amendment.

(Collectively, referred to as the "Proposals")
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in our announcements dated 20 December 2012, 26 December 2012 , 19 February 2013, 25 March 2013, 26 March 2013, 11 April 2013 and 16 August 2013 in relation to the Proposals)
We refer to our announcements dated 20 December 2012, 26 December 2012, 19 February 2013, 25 March 2013, 26 March 2013, 11 April 2013 and 16 August 2013 in relation to the above Proposals.

Pursuant to Clause 3.1 of the SSA for the Proposed Acquisition, the Conditions Precedent shall be fulfilled within three (3) months from the date of the SSA or such extended period as may be mutually agreed upon by Eduspec and the Vendors in writing ("Stipulated Period").

On behalf of the Board of Directors of Eduspec, MIDF Amanah Investment Bank Berhad wishes to announce that Eduspec and the Vendors have, vide a letter dated 19 September 2013, mutually agreed to extend the Stipulated Period for a further period of three (3) months from 19 September 2013 to 19 December 2013 to facilitate the fulfillment of the Conditions Precedent.

This announcement is dated 20 September 2013.


SCN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameSCAN ASSOCIATES BERHAD (ACE Market) 
Stock Name SCN  
Date Announced20 Sept 2013  
CategoryGeneral Announcement
Reference NoCA-130919-54803

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionScan Associates Berhad (“Plaintiff or The Company”) – Writ of Summon and Statement of Claim to Dato Aminuddin Baki @ Sabtu Bin Esa.

The Board of Directors of the Company ("Board") wishes to announce that Scan Associates Berhad ("The Plaintiff) has served a Writ of Summon dated 11 September 2013 to Dato Aminuddin Baki @ Sabtu Bin Esa ("The Defendant") who was at all material times a Director and the Chief Executive Officer (CEO) of the Plaintiff, a sealed copy of which was extracted from the Court on 19 September 2013 and was served on the Defendant on 19 September 2013.

The Defendant was adjudged a bankrupt on 31 October 2012 by the Kuala Lumpur High Court. On 22 July 2013, the Plaintiff obtained leave from the Kuala Lumpur High Court to issue the proceedings against the Defendant.

The Defendant caused or procured the Plaintiff to make payment of RM1.7 million to Technology Services Sdn Bhd (TAG) in 2006, which sum was subsequently transferred to the Defendant and his nominee, Lim Poh Suan.

The Plaintiff never purchased nor did TAG supply the R&D Equipment in respect of which the Purchase Order was issued.

Particulars of the Claim under the Writ of Summon

The Plaintiff's claims are as follows:

a) The sum of RM1.7 million;

b) Damages to be assessed and/or equitable compensation;

c) An inquiry into what assets of the Defendant, movable or immovable and whether owned legally or beneficially by the Defendant and whether in the Defendant’s own name or not and whether solely or jointly owned, were acquired out of proceeds of monies paid out of the Plaintiff’s funds and held by the Defendants as constructive trustee for the Plaintiff;

d) An order that all movable assets held by the Defendant as constructive trustee be delivered up to the Plaintiff;

e) An order that all immovable assets held by the Defendant as constructive trustee for the Plaintiff be sold by judicial sale by public auction and the proceeds paid to the Plaintiff after deducting all costs and expenses of the auction;

f) All court and legal related costs;

g) Interest on the sums payable:

i. Under paragraphs (a) and (b) from 9 January 2009 until full realization.

ii. Under paragraph (f) from the date of judgment until full realization.

h) Such further or other relief as deemed fit and proper by the Honourable Court.

The expected gains, if any, arising from the Writ of Summon

The expected gains arising from the Claim, should it be successfully made against Dato Aminuddin will be up to the Sum of Claim and the costs.

The financial and operational impact of the Writ of Summon

There will not be a significant impact on the financial and operation of Scan Associates Berhad.

The steps taken and proposed to be taken by the Company in respect of the Writ of Summon

The case management was fixed on 23 September 2013.

The Company had engaged lawyers to look into the case.

This announcement is dated 20 September 2013.



XOX - Changes in Director's Interest (S135) - Ng Kok Heng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameXOX BHD (ACE Market) 
Stock Name XOX  
Date Announced20 Sept 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130920-56748

Information Compiled By KLSE

Particulars of Director

NameNg Kok Heng
AddressP-09-09 Mutiara Oriental
Taman Bukit Mayang Emas
47301 Petaling Jaya
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)
Disposed
17/09/2013
500,000
0.110 
Disposed
18/09/2013
700,000
0.110 
Disposed
19/09/2013
570,300
0.110 

Circumstances by reason of which change has occurredDisposal of shares via open market transactions
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)40,693,760 
Direct (%)13.47 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice20/09/2013

Remarks :
The total percentage of shares disposed by Ng Kok Heng was 0.59% of the total issued and paid up capital of the Company.


XOX - Changes in Sub. S-hldr's Int. (29B) - Ng Kok Heng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameXOX BHD (ACE Market) 
Stock Name XOX  
Date Announced20 Sept 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130920-56531

Particulars of substantial Securities Holder

NameNg Kok Heng
AddressP-09-09 Mutiara Oriental
Taman Bukit Mayang Emas
47301 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.631219-10-7517
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderNg Kok Heng
P-09-09 Mutiara Oriental
Taman Bukit Mayang Emas
47301 Petaling Jaya
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed17/09/2013
500,000
0.110 
Disposed18/09/2013
700,000
0.110 
Disposed19/09/2013
570,300
0.110 

Circumstances by reason of which change has occurredDisposal of shares via open market transactions
Nature of interestDirect
Direct (units)40,693,760 
Direct (%)13.47 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change40,693,760
Date of notice20/09/2013


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

Announcement Type: General Announcement
Company NameHIBISCUS PETROLEUM BERHAD  
Stock Name HIBISCS  
Date Announced20 Sept 2013  
CategoryGeneral Announcement
Reference NoML-130920-66515

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionHIBISCUS PETROLEUM BERHAD

PRIVATE PLACEMENT OF CRPS

For consistency, the abbreviations used hereafter throughout this announcement shall have the same meanings as defined in the announcement dated 2 August 2012.

Hong Leong Investment Bank Berhad (formerly known as MIMB Investment Bank Berhad), on behalf of Hibiscus Petroleum, is pleased to announce that based on the price-fixing date for the subscription of CRPS today, the Company has fixed the Conversion Price at RM1.69 for the subscription of CRPS.

The Conversion Price is fixed at a premium of up to 10% over the 5-day VWAMP of Hibiscus Petroleum Shares immediately before the price-fixing date (which is the date of the subscription agreement for each relevant tranche of CRPS) or RM1.60, whichever is higher. The 5-day VWAMP of Hibiscus Petroleum Shares up to 19 September 2013 (the last market day prior to the date of the CRPS subscription agreement and the date of this announcement) is RM1.54. Thus, the Conversion Price for this subscription of CRPS is fixed at RM1.69, being a premium of 10% over the 5-day VWAMP of Hibiscus Petroleum Shares up to 19 September 2013.

The date of this announcement is 20 September 2013.



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

Announcement Type: General Announcement
Company NamePESTECH INTERNATIONAL BERHAD  
Stock Name PESTECH  
Date Announced20 Sept 2013  
CategoryGeneral Announcement
Reference NoOI-130919-68155

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionPESTECH INTERNATIONAL BERHAD (“PESTECH”)

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PESTECH (“PROPOSED PRIVATE PLACEMENT”)

(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcements dated 23 August 2013 and 28 August 2013 in relation to the Proposed Private Placement ("Announcements"))

We refer to the Announcements in relation to the Proposed Private Placement.

Bank Islam Malaysia Berhad, on behalf of PESTECH, wishes to announce that the additional listing application pursuant to the Proposed Private Placement has been submitted to Bursa Securities on 20 September 2013.

This announcement is dated 20 September 2013.



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