November 13, 2013

Company announcements: RCECAP, ITRONIC, PLS, YOKO, AKNIGHT

RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced13 Nov 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-131113-3274C

Date of buy back13/11/2013
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 ($$)0.275
Maximum price paid for each share purchased ($$)0.275
Total consideration paid ($$)27,701.25
Number of shares purchased retained in treasury (units)100,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)5,850,500
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 (%)0.5


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

Announcement Type: General Announcement
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced13 Nov 2013  
CategoryGeneral Announcement
Reference NoCC-131113-A424B

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionINDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
- DISPOSAL OF SHARES IN SOLUTION ENGINEERING HOLDINGS BERHAD

The Board of Directors of Industronics wishes to inform that Industronics has on 13 November 2013 disposed in the open market an aggregate of 10,000,000 ordinary shares of RM0.10 in Solution Engineering Holdings Berhad (“SEHB”), a public company listed on ACE Market of Bursa Malaysia Securities Berhad, representing 5.39% of the existing issued and paid up share capital of SEHB (based on SEHB’s issued and paid-up capital as at 19 August 2013 as announced on 16 August 2013) for a total cash consideration of approximately RM3.05 million (“Disposal”).

Further details of the Disposal are set out in the attachment herein.

This announcement is dated 13 November 2013.



PLS - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NamePLS PLANTATIONS BERHAD  
Stock Name PLS  
Date Announced13 Nov 2013  
CategoryGeneral Announcement
Reference NoPP-131113-61708

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionPLS Plantations Berhad (“PLS or the Company”)
Kuala Lumpur High Court Suit No. 22NCVC-612-11/2013 (“the Suit”)
United Forest Contractor vs. Aramijaya Sdn Bhd

The Board of Directors of PLS (“Board”) wishes to announce that its 70% owned subsidiary, Aramijaya Sdn Bhd (“ASB”), had on 12 November 2013 received a sealed copy of a Writ of Summon dated 6 November 2013 and Statement of Claim dated 21 October 2013 from Oh Teik Keng & Partners, who is acting on behalf of United Forest Contractor (“UFC”). UFC is claiming for:-

a) a sum of RM1,015,189.84 for alleged losses pursuant to the contract awarded by ASB to UFC for site clearance, cultivation and maintenance of oil palm and other site ancillary works (“Works”)

b) a sum of RM63,444.65 being retention sum held in relation to the Works;

c) interest on the claimed amounts; and

d) other incidental costs.

Although ASB is a major subsidiary of the Company, the suit is not expected to affect the operations of PLS and its subsidiaries (“Group”). However, in the event the outcome is not in favour of ASB, the expected losses will be up to the claim sum, the interest costs and other incidental costs relating thereto.

Case management for the Suit has been set on 3 December 2013. ASB is in the midst of seeking legal advice to defend against the Suit.

Further announcement on the above matter will be made in due course.

This announcement is dated on 13 November 2013.



YOKO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameYOKOHAMA INDUSTRIES BERHAD  
Stock Name YOKO  
Date Announced13 Nov 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-131113-33C2A

Date of buy back13/11/2013
Description of shares purchasedOrdinary shares of RM0-50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)7,000
Minimum price paid for each share purchased ($$)1.210
Maximum price paid for each share purchased ($$)1.210
Total consideration paid ($$)8,532.37
Number of shares purchased retained in treasury (units)7,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)1,231,900
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 (%)1.41


AKNIGHT - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameASIA KNIGHT BERHAD  
Stock Name AKNIGHT  
Date Announced13 Nov 2013  
CategoryGeneral Announcement
Reference NoOS-131113-56823

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionASIA KNIGHT BERHAD(“A-KNIGHT” OR THE “COMPANY”)

(I) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES WITH FREE WARRANTS;
(II) PROPOSED EMPLOYEES’ SHARE OPTION SCHEME;
(III) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL; AND
(IV) PROPOSED AMENDMENTS TO THE MEMORANDUM AND/OR ARTICLES OF ASSOCIATION

(COLLECTIVELY KNOWN AS “PROPOSALS”)

We refer to the announcements dated 9 November 2012, 7 January 2013, 31 January 2013, 7 February 2013, 29 March 2013, 11 April 2013, 10 June 2013, 6 August 2013 and 8 November 2013 in relation to the Proposals.

Unless otherwise defined herein, terms/abbreviations used herein shall have the same meaning as defined in the announcement dated 9 November 2012.

On behalf of Board of Directors of A-Knight (“Board”), TA Securities Holdings Berhad wishes to announce that following the expiry of the Share Sale Agreement dated 9 November 2012 between Dallab Capital Sdn Bhd, Yeoh Sian Kok, Washington Square Investment Management (Asia Pacific) Limited, Tai Lee See, Yeoh Seong Gaik, Koh Chin Hwa, Ng Song Keat, Wong Ah Kau, Teoh Chin Seng, Yeoh Seong Seng, Alberto Bassi, Seringsinar Realty Sdn Bhd and Asia Knight Berhad in relation to the Proposed Acquisition of the entire equity interest in Skykod Polyscience Sdn Bhd, the Board has resolved to discontinue the remaining proposals i.e. the Proposed Rights Issue, Proposed ESOS, Proposed IASC and Proposed Amendments.

This announcement is dated 13 November 2013.



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