December 30, 2013

Company announcements: YOCB, CRESNDO, YTLPOWR, GTRONIC, TIGER-WA, UNIMECH, CAB, DBE

YOCB - Changes in Director's Interest (S135) - LEE KIM SENG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameYOONG ONN CORPORATION BERHAD  
Stock Name YOCB  
Date Announced30 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-131230-32036

Information Compiled By KLSE

Particulars of Director

NameLEE KIM SENG
Address31, JALAN BADAM
TAMAN CHERAS
56100 KUALA LUMPUR
Descriptions(Class & nominal value)Ordinary Share of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
19/12/2013
20,000
0.970 

Circumstances by reason of which change has occurredDispose in open market
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)139,999 
Direct (%)0.0875 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice26/12/2013


YOCB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameYOONG ONN CORPORATION BERHAD  
Stock Name YOCB  
Date Announced30 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131230-32937

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Chapter 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we set out below details of the dealings in the Company's securities by Director.

Name of Director : Lee Kim Seng

Date of DealingConsideration Per ShareNumber of Shares% of Issued Share CapitalTransaction
19 December 2013RM0.9720,0000.0125Dispose

This announcement is dated 30 December 2013


CRESNDO - 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 NameCRESCENDO CORPORATION BERHAD  
Stock Name CRESNDO  
Date Announced30 Dec 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-131226-1728A

Date of buy back from16/12/2013
Date of buy back to20/12/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)28,000
Minimum price paid for each share purchased ($$)2.980
Maximum price paid for each share purchased ($$)3.070
Total amount paid for shares purchased ($$)84,998.64
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)28,000
Total number of shares retained in treasury (units)380,000
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies30/12/2013
Lodged by Tacs Corporate Services Sdn. Bhd.


YTLPOWR - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameYTL POWER INTERNATIONAL BHD  
Stock Name YTLPOWR  
Date Announced30 Dec 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoYP-131230-4E0E1

Date of buy back30/12/2013
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)3,000,000
Minimum price paid for each share purchased ($$)1.880
Maximum price paid for each share purchased ($$)1.910
Total consideration paid ($$)5,700,847.80
Number of shares purchased retained in treasury (units)3,000,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)622,105,545
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 (%)8.67


GTRONIC - Changes in Director's Interest (S135) - Yeow Teck Chai

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced30 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-131230-47BB0

Information Compiled By KLSE

Particulars of Director

NameYeow Teck Chai
AddressNo. 6 Jalan PJU 7/21, Mutiara Damansara, 47800 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)
Acquired
27/12/2013
5,000
3.100 

Circumstances by reason of which change has occurredOpen market disposals by Jonathan Yeow Sheng Li (his son)
Nature of interestDeemed
Consideration (if any) 

Total no of securities after change

Direct (units)72,800 
Direct (%)0.03 
Indirect/deemed interest (units)395,744 
Indirect/deemed interest (%)0.14 
Date of notice30/12/2013

Remarks :
The total percentage of securities acquired is negligible. This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


GTRONIC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameGLOBETRONICS TECHNOLOGY BERHAD  
Stock Name GTRONIC  
Date Announced30 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131230-37736

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionNotification of dealings by Principal Officers in the securities of Globetronics Technology Bhd ("GTB" or "the Company") outside closed period.
In accordance with paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Ng Kok Choon and Wong Boon Hooi, the Principal Officers of GTB had transacted dealings in the securities of GTB outside closed period. The details as set out in the Tables below.

Name of Principal Officer : Ng Kok Choon

Direct Interest


Open market disposals
Date
Price
(RM per share)
No. of shares
disposed
% of shares
disposed
26.12.2013
3.08
10,000
negligible


Name of Principal Officer : Wong Boon Hooi

Direct Interest


Open market disposals
Date
Price
(RM per share)
No. of shares
disposed
% of shares
disposed
27.12.2013
3.15
5,000
negligible


This announcement is dated 30 December 2013.


TIGER-WA - Profile for Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
Company NameTIGER SYNERGY BERHAD  
Stock Name TIGER-WA  
Date Announced30 Dec 2013  
CategoryListing Information & Profile
Reference NoOS-131230-42C5D

Instrument TypeWarrants
DescriptionAdditional Warrants 2010/2015 issued pursuant to the Rights Issue of Shares with Warrants 2013/2018 ("Adjustment Warrants") 
Listing Date17/08/2010
Issue Date09/08/2010
Issue/ Ask PriceMYR 0.2000
Issue Size IndicatorUnit
Issue Size in Unit41,346,450
Maturity Date08/08/2015
Revised Maturity Date 
Exercise/ Conversion Period5.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion PriceMYR 0.2000
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio1 Warrants:1 Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion priceCash
Settlement Type/ Convertible intoPhysical (Shares)

Remarks :
This amended announcement is made to amend the description stated in the previous announcement which was "Free detachable Warrants 2010/2015 issued pursuant to the Rights Issue with Warrants 2010/2015 and additional new Warrants 2010/2015 (“Adjustment Warrants”) in relation to the adjustments made on such terms and conditions set out in the deed poll dated 9 July 2010 (“Deed Poll”)".

The Warrants 2010/2015 are issued for free to subscribers of the renounceable rights issue of 132,000,000 new ordinary shares of RM0.20 each in Tiger Synergy Berhad (“Tiger”) (“Rights Shares”) on the basis of two (2) free detachable Warrants 2010/2015 for every three (3) Rights Shares subscribed for.

Each Warrant 2010/2015 carries the entitlement to subscribe for one (1) new ordinary share of RM0.20 each in Tiger at the exercise price which shall be satisfied in cash. The Warrants 2010/2015 may be exercised at any time during the exercise period. Any Warrants 2010/2015 not exercised during the exercise period will thereafter lapse and cease to be valid for any purpose.

Subsequently, Tiger has on 24 December 2013 issued new ordinary shares of RM0.20 each in Tiger and warrants pursuant to its rights issue of shares with warrants. Pursuant thereto, an additional 3,706,550 Warrants 2010/2015 will be issued and quoted on 31 December 2013 while no adjustment will be made to the exercise price of RM0.20.

The notice of the holders of Warrants 2010/2015 containing details of the adjustments pursuant to the rights issue of shares with warrants on such terms and conditions set out in the Deed Poll was despatched to the holders of Warrants 2010/2015 on 16 December 2013.

This announcement is dated 30 December 2013.


UNIMECH - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameUNIMECH GROUP BERHAD  
Stock Name UNIMECH  
Date Announced30 Dec 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoUG-131230-62402

Date of buy back30/12/2013
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)2,000
Minimum price paid for each share purchased ($$)1.650
Maximum price paid for each share purchased ($$)1.650
Total consideration paid ($$)3,344.99
Number of shares purchased retained in treasury (units)2,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)13,309,966
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 (%)0.002

Remarks :
The total amount paid for the shares purchased is inclusive of brokerage, clearing house fee and stamp duty.


CAB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameCAB CAKARAN CORPORATION BERHAD  
Stock Name CAB  
Date Announced30 Dec 2013  
CategoryGeneral Announcement
Reference NoCP-131227-DAF8B

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionCAB Cakaran Corporation Berhad ("CAB") wishes to inform that the following Director has given notice of his dealing in the ordinary shares of CAB pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


Name
of
Director
Nature of InterestDate Transacted Opening BalanceNo. of shares Acquired/#Transferred% of Shares TransactedConsiderationClosing Balance% of Shares Held After the Transaction
Chuah
Ah Bee
Direct Interest24.12.2013

45,640,994

5,100

0.0039

RM0.551

45,646,094

34.70

Chuah Ah BeeIndirect Interest

-

3,600,000

-

-

-

3,600,000*

2.74

* Chuah Hoon Hong, child - by virtue of Section 134(12)(c) of the Companies Act, 1965 (the "Act")

* Chuah Hoon Teng, child - by virtue of Section 134(12)(c) of the Act


This announcement is dated 30 December 2013.



DBE - BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS D.B.E. GURNEY RESOURCES BERHAD FOR BREACH OF MAIN MARKET LISTING REQUIREMENTS

Announcement Type: Listing Circular
Company NameD.B.E. GURNEY RESOURCES BERHAD  
Stock Name DBE  
Date Announced30 Dec 2013  
CategoryListing Circular
Reference NoUM-131230-59961

LISTING'S CIRCULAR NO. L/Q : 69584 OF 2013

      Bursa Malaysia Securities Berhad (Bursa Malaysia Securities) has publicly reprimanded D.B.E Gurney Resources Berhad ("DBE" or "the Company") for breaching paragraph 9.16(1)(a) of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR) in respect of the depreciation on property, plant and equipment (PPE) of RM1.015 million in the Company’s fourth quarterly report for the financial year ended 31 December 2011 ("4th QR 2011") announced on 29 February 2012 which was subsequently reversed in the audited accounts for the financial year ended 31 December 2011 ("AAA 2011") announced on 30 April 2012.
      Pursuant to Paragraph 9.16(1)(a) of the Main LR a listed issuer must ensure that each announcement made is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
      The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.
      DBE is also required to carry out a limited review of its quarterly report submissions. The limited review must be performed by external auditors for four quarterly reports commencing from the quarterly report for the financial period ended 31 December 2013. In addition, DBE must ensure all its directors and relevant personnel attend a training programme on compliance with the Main LR pertaining to financial statements. DBE is also required to review and ensure the adequacy and effectiveness of its financial reporting function.

      While Bursa Malaysia Securities has not found any of DBE’s directors to have caused or permitted the breach by the Company, Bursa Malaysia Securities wishes to highlight that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the Main LR. The Board of Directors of DBE at the material time of default were as follows:-
      1. Dato’ Ding Chong Chow
      2. Ding Seng Huat
      3. Ding Choon Yung
      4. Cheng Lay Miew
      5. Fong Weng Keong
      6. Dato’ Ting Heng Peng
      7. Ling Sing Kiong
      Bursa Malaysia Securities views the contravention seriously and has reminded DBE and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.
      BACKGROUND

      DBE reported an unaudited loss after taxation and minority interest of RM2.140 million in DBE’s 4th QR 2011, compared to an audited loss after taxation and minority interest of RM5.788 million in DBE’s AAA 2011.

      The subsequent adjustments in the AAA 2011 included the reversal of the depreciation on PPE amounting to RM1.015 million. This arose due to the Company’s failure to undertake proper verification in respect of the PPE prior to capitalising the same in the 4th QR 2011 and subsequently resulted in the reclassification of the PPE to Other Receivables in the AAA 2011.

      In this respect, the reversal of the depreciation amount of RM1.015 million in the AAA 2011 had resulted in the deviation of approximately 47.4%
      between the 4th QR 2011 and AAA 2011.

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