January 24, 2014

Company announcements: PERISAI, TECFAST, MTOUCHE, VITROX, BAHVEST, N2N, MICROLN, SRIDGE, DGSB

PERISAI - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePERISAI PETROLEUM TEKNOLOGI BHD  
Stock Name PERISAI  
Date Announced24 Jan 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140124-371A4

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARD
AddressTINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.10 EACH
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD
- EMPLOYEES PROVIDENT FD BD (MAYBAN)
LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG, 50450 KUALA LUMPUR

CITIGROUP NOMINEES (TEMPATAN) SDN BHD
- EMPLOYEES PROVIDENT FD BD (NOMURA)
LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG, 50450 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired21/01/2014
250,000
 
Disposed21/01/2014
660,000
 

Circumstances by reason of which change has occurredACQUIRED AND DISPOSED VIA OPEN MARKET
Nature of interestDIRECT
Direct (units)69,380,900 
Direct (%)6.4 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change69,380,900
Date of notice22/01/2014

Remarks :
1) The percentage of shareholding excludes 400,000 shares bought-back by the Company and retained as treasury shares.

2) Form 29B received on 24 January 2014.


TECFAST - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameTECHFAST HOLDINGS BERHAD (ACE Market) 
Stock Name TECFAST  
Date Announced24 Jan 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCI-140124-345E0

Date of buy back24/01/2014
Description of shares purchasedOrdinary Shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)211,000
Minimum price paid for each share purchased ($$)0.140
Maximum price paid for each share purchased ($$)0.140
Total consideration paid ($$)29,756.11
Number of shares purchased retained in treasury (units)211,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)1,354,200
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 (%)0.8686


MTOUCHE - 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 NameMTOUCHE TECHNOLOGY BERHAD (ACE Market) 
Stock Name MTOUCHE  
Date Announced24 Jan 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCA-140122-63259

Date of buy back from13/01/2014
Date of buy back to21/01/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)147,000
Minimum price paid for each share purchased ($$)0.230
Maximum price paid for each share purchased ($$)0.240
Total amount paid for shares purchased ($$)34,657.51
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)147,000
Total number of shares retained in treasury (units)15,984,300
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished
Date lodged with registrar of companies24/01/2014
Lodged by TMF Administrative Services Malaysia Sdn. Bhd.


VITROX - Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement

Announcement Type: Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement
Company NameVITROX CORPORATION BERHAD  
Stock Name VITROX  
Date Announced24 Jan 2014  
CategoryNotice of Resale/Cancellation of Treasury Shares - Immediate Announcement
Reference NoCA-140116-02986

Date of transaction24/01/2014
CurrencyMalaysian Ringgit (MYR)
Total number of treasury shares sold (units)211,200 
Total number of treasury shares cancelled (units)
Minimum price paid for each share sold ($$)1.380 
Maximum price paid for each share sold ($$)1.380 
Total amount received for treasury shares sold ($$)290,294.19 
Cumulative net outstanding treasury shares as at to-date (units)546,000 
Adjusted issued capital after cancellation/resale
(no. of shares) (units)
 

Remarks :
The total amount received for the shares sold is after deducting of brokerage, clearing house fee and stamp duty.


BAHVEST - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameBORNEO AQUA HARVEST BERHAD (ACE Market) 
Stock Name BAHVEST  
Date Announced24 Jan 2014  
CategoryGeneral Announcement
Reference NoCA-140124-CD153

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionIntention to deal during closed period

The Company is in a Closed Period pending the announcement of its results for the third quarter ended 31 December 2013.

 

This is to notify that the Company has received notification from the following director of Borneo Aqua Harvest Berhad (“BAHVEST” or “Company”) that he intends to deal in the securities of BAHVEST during the current closed period pending the announcement by the Company of its results for the third quarter ended 31 December 2013:-

 

The current shareholdings of the director concerned is as follows: -

 

Name of Director(s)

Direct Shareholding

Indirect Shareholding

No. of Shares held

%

No. of Shares held

%

Lo Teck Yong

3,711,330

0.92

-

-

 



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

Announcement Type: General Announcement
Company NameBORNEO AQUA HARVEST BERHAD (ACE Market) 
Stock Name BAHVEST  
Date Announced24 Jan 2014  
CategoryGeneral Announcement
Reference NoCA-140124-55759

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionACQUISITION OF A NEW SUBSIDIARY, PLENTIFUL EARNINGS SDN. BHD. BY PLENTIFUL HARVEST SDN. BHD.

BORNEO AQUA HARVEST BERHAD (“BAHVEST” OR “COMPANY”)

 

The Board of Directors of BAHVEST (“Board”) is pleased to announce that the Company has on 24 January 2014 acquired the entire issued and paid-up capital of Plentiful Earnings Sdn. Bhd. (“PESB”) of RM100,000 divided into 100,000 Ordinary Shares of RM1.00 each, for a cash consideration of RM100,000 (“Acquisition”) from Mr. Abdul Arif Bin Jirang and Ms. Ho Soung Ket, through its wholly-owned subsidiary, Plentiful Harvest Sdn. Bhd. Pursuant to the Acquisition, PESB will be an indirect wholly-owned subsidiary of BAHVEST.

The consideration will be funded by internally generated fund.

 

Information on PESB

PESB was incorporated in Malaysia on 19 May 2006. The authorised capital of PESB is RM100,000 divided into 100,000 Ordinary Shares of RM1.00 each . As at the date of this announcement, PESB has an issued and paid-up capital of RM100,000.

PESB’s principal activities are to carry on business in marine aquaculture, operation of fish rearing and marine aquaculture related activities.

 

Rationales

PESB has been granted a parcel of sea area measuring approximately of 6.0 hectares at Silam, Lahad Datu, Sabah, under Temporary Occupancy Lease (“TOL”) for the purposes of Aquaculture on 17 May 2012 by the Lands and Surveys Department, Kota Kinabalu, Sabah.

With the acquisition of PESB, Bahvest would be able to expand its rearing activities for the Group and also to diversify the Group’s rearing risks by expanding its current rearing sites to the new site.

PESB has also been granted approval on the 29 September 2011 by the Malaysia Finance Minister pursuant to the Income Tax Act, 1967, to carry out sea cages fish farming project (“Project”). Under the approval, PESB is granted exemption of income tax at 100% on its statutory income for a period of 10 years commencing on the first year PESB having its first statutory income from the Project.

 

Financial Effect

The Acquisition does not have any effect on the issued and paid-up share capital and major shareholdings structure of BAHVEST and is not expected to have a material effect on the net assets and earnings of the BAHVEST Group for the financial year ending 31 March 2014.

 

Percentage Ratio

The highest percentage ratio applicable to the Acquisition pursuant to paragraph 10.02(g) of the ACE Market Listing Requirement is 0.08 %.

 

Approval Required

The Acquisition does not require any approval of the shareholders of BAHVEST.

 

Liabilities to be assumed after the Investment

No liabilities will be assumed by the BAHVEST Group arising from the Acquisition.

 

Directors' and Major Shareholders' Interests

None of the Directors or major shareholders of the Company and / or persons connected to them, as defined under the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, has any interest, whether direct or indirect, in the Acquisition.

 

Directors’ Statement

Having considered all aspects of the Acquisition, the Board is of opinion that the Acquisition is in the best interest of BAHVEST Group.

 

Estimated Time Frame For Completion

The Acquisition is expected to be completed by the first quarter of 2014.

 

This announcement is dated 24 January 2014.

 



N2N - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameN2N CONNECT BERHAD (ACE Market) 
Stock Name N2N  
Date Announced24 Jan 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-140124-2ECF7

Date of buy back24/01/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)4,000
Minimum price paid for each share purchased ($$)0.560
Maximum price paid for each share purchased ($$)0.560
Total consideration paid ($$)2,240.00
Number of shares purchased retained in treasury (units)4,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)3,662,600
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 (%)1.2034


MICROLN - Notice of Person Ceasing (29C) - Tan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced24 Jan 2014  
CategoryNotice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference NoCC-140124-55886

Particulars of substantial Securities Holder

NameTan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas
AddressNo. 2, Jalan 12/7
46200 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.441021-08-5175
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Date of cessation23/01/2014
Name & address of registered holderN/A
CurrencyMalaysian Ringgit (MYR)
Number of securities disposed 
Price Transacted ($$) 
Circumstances by reason of which a person ceases to be a substantial securities HolderDisposal of equity interest in Formis Resources Berhad and interest reduced to 13.19%.
Nature of interestIndirect
Date of notice24/01/2014


SRIDGE - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameSILVER RIDGE HOLDINGS BHD (ACE Market) 
Stock Name SRIDGE  
Date Announced24 Jan 2014  
CategoryGeneral Announcement
Reference NoCS-140124-372F9

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionSILVER RIDGE HOLDINGS BHD ("SRHB" or "the Company")
- Notice of Intention to Deal by Director During Closed Period

The Director of SRHB, Voon Sze Lin, has given notice of his intention to deal in the securities of the Company during this closed period. His current holding of the securities of the Company are as follows:-

Type of Securities

Direct Interest

Indirect Interest

No.

%

No.

%

No. of Ordinary Shares
of RM0.10 each

5,577,200

5.07

0

0

Warrants

425,400

0.77

0

0

This announcement is dated 24 January 2014.



DGSB - Notice of Person Ceasing (29C) - Tan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr, Hj Megat Khas

Announcement Type: Notice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Company NameDIVERSIFIED GATEWAY SOLUTIONS BERHAD (ACE Market) 
Stock Name DGSB  
Date Announced24 Jan 2014  
CategoryNotice of Person Ceasing to be a Substantial Shareholder Pursuant to Form 29C of the Companies Act. 1965
Reference NoDG-140123-66937

Particulars of substantial Securities Holder

NameTan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr, Hj Megat Khas
AddressNo. 2, Jalan 12/7, 46200 Petaling Jaya, Selangor Darul Ehsan
NRIC/Passport No/Company No.441021-08-5175
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Date of cessation23/01/2014
Name & address of registered holder- Not Applicable -
CurrencyMalaysian Ringgit (MYR)
Number of securities disposed 
Price Transacted ($$) 
Circumstances by reason of which a person ceases to be a substantial securities HolderDisposal of his equity interest in Formis Resources Berhad ("FRB"), the holding company of Diversified Gateway Solutions Berhad ("DGSB") and reduced his interest in FRB to 13.19%. Thus ceased to be deemed interested in the shares of DGSB pursuant to Section 6A of the Companies Act, 1965.
Nature of interestIndirect Interest
Date of notice24/01/2014


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