February 4, 2014

Company announcements: GHLSYS, CYBERT, REDTONE, KEYWEST, EDUSPEC, AMBANK, MAYBANK, MAA, SUMATEC

GHLSYS - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameGHL SYSTEMS BERHAD  
Stock Name GHLSYS  
Date Announced4 Feb 2014  
CategoryGeneral Announcement
Reference NoMB-140204-38544

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionGHL SYSTEMS BERHAD (“GHL” OR “COMPANY”)

(I) PROPOSED ACQUISITION;
(II) PROPOSED EXEMPTION; AND
(III) PROPOSED SHARE ISSUANCE

(COLLECTIVELY REFERRED TO AS “PROPOSALS”)
This announcement is dated 4 February 2014.

We refer to the circular to GHL shareholders dated 24 January 2014 (“
Circular”). Unless otherwise stated, the definitions used throughout this announcement shall have the same meanings as defined in the Circular.

Please refer to the attachment below for further details.

Attachments

GHL_Announcement.pdf
80 KB



CYBERT - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameCYBERTOWERS BERHAD (ACE Market) 
Stock Name CYBERT  
Date Announced4 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140124-5D974

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionFurther to the First Announcement made by the Company on 31 October 2013 in compliance with Rule 4.1(a) of Guidance Note 3 (“GN 3”) of the Listing Requirements of Bursa Malaysia Securities Berhad for ACE Market ("ACE LR"), and in compliance with Rule 4.1(b) of GN 3 of the ACE LR, the Board of Directors of Cybertowers Berhad wishes to inform that the Company is still looking into formulating a plan to regularise its financial condition (“Regularisation Plan”).

Premised on the First Announcement, the Company is required to submit the Regularisation Plan to the relevant authorities by 31 October 2014, which is approximately 9 months from the date hereof.

This announcement is dated 4 February 2014.



CYBERT - PRACTICE NOTE 17 / GUIDANCE NOTE 3:OTHERS

Announcement Type: General Announcement
Company NameCYBERTOWERS BERHAD (ACE Market) 
Stock Name CYBERT  
Date Announced4 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140204-2D313

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
DescriptionFurther to the announcement dated 30 January 2014 about Company’s application for an extension of time from Bursa Securities Malaysia Berhad (“Bursa Securities”) to appoint a Sponsor (“the Application”) pursuant to Rule 8.04(3)(a)(ii) of the ACE Market Listing Requirements, the Company wishes to announce that Bursa Securities have on 4 February 2014 responded to say that the suspension on the trading of Company’s securities and the de-listing of the Company in accordance with Rule 8.04(5) of the ACE Market Listing Requirements shall be deferred pending the decision of the Application.

The Company will make the necessary announcements on further development on this matter in due course.


This announcement is dated 4 February 2014



REDTONE - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced4 Feb 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCK-140204-27F43

Date of buy back04/02/2014
Description of shares purchasedOrdinary Shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)80,000
Minimum price paid for each share purchased ($$)0.615
Maximum price paid for each share purchased ($$)0.630
Total consideration paid ($$)49,700.00
Number of shares purchased retained in treasury (units)80,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)2,599,500
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 (%)0.51


KEYWEST - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameKEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (ACE Market) 
Stock Name KEYWEST  
Date Announced4 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140127-1B94C

Regularisation SponsorAmInvestment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionKEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (“the COMPANY”)
ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE (“GN”) 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR ACE MARKET (“ACE LR”) (“MONTHLY ANNOUNCEMENT”)

Reference is made to the Company’s Monthly Announcement dated 2 January 2014 for January 2014. The Company has via its Regularisation Sponsor, AmInvestment Bank Berhad ("AmInvestment Bank"), submitted its regularisation plan to Bursa Malaysia Securities Berhad ("Bursa Securities") on 23 May 2013.

On 10 December 2013, AmInvestment Bank had on behalf of the Company, announced that Bursa Securities had via its letter dated 10 December 2013 approved the Company's regularisation plan subject to the conditions as stated in the said letter.

Save as disclosed above, there are no further developments to the Company’s regularisation plan. Any further developments to the regularisation plan concerned shall be announced accordingly.

This announcement is dated 4 February 2014.



EDUSPEC - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameEDUSPEC HOLDINGS BERHAD (ACE Market) 
Stock Name EDUSPEC  
Date Announced4 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140204-38566

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionMEMORANDUM OF UNDERSTANDING BETWEEN ICARNEGIE GLOBAL LEARNING LLC AND EDUSPEC HOLDINGS BERHAD

INTRODUCTION

The Board of Directors of Eduspec Holdings Berhad (“Eduspec” or “the Company”) wishes to announce that the Company had on 31 January 2014 entered into a Memorandum of Understanding (the “MOU”) with iCarnegie Global Learning LLC (“ iCarnegie”).

Eduspec and iCarnegie shall be referred to as the “Parties”.

The MOU documents the general principles along which the Parties intend to adhere to in working out the detailed terms of Strategic Alliance Agreement (hereinafter, the “SAA”) to jointly explore future possibilities in a number of business areas within the education sector more specifically in Robotics/STEM program, Consultancy on Science, Technology, Engineering and Mathematics (“STEM”) Education, Teachers Trainning Program , Game Development and Software Development Program (hereinafter , the “Strategic Collaboration Areas”) which is expected to be entered into within the next three to six months.


INFORMATION ON THE PARTIES TO THE MOU

Eduspec Holdings Berhad (Company No 646756-X) is a company registered in Malaysia with its principal business address at No 18, Level 2 & 3, Jalan Pemaju U1/15, Hicom Glenmarie Industrial Park, 40150 Shah Alam, Selangor, Malaysia.

Eduspec provides a wide range of outsourced education services to schools in Asia, with a primary focus on Information Technology, Robotics and new innovative programs that seek to facilitate the transformation of schools into 21st century learning centers

iCarnegie is a Pennsylvania limited liability company with its business address at 210 Sixth Avenue, Suite 3570 Pittsburgh, PA 15222, United States of America, is the a wholly owned subsidiary of Carnegie Mellon University providing high quality, learn-by-doing, project based technology focused programs and courses for schools, universities and workforce development

Carnegie Mellon University (CMU) is a global research university has been a birthplace of innovation throughout its 113-year history.

SALIENT INFORMATION ON THE MOU

The MOU is to record the Parties agreement on the general principles along which the Parties intend to adhere to in working out the detailed terms of SAA as follows:-

(i) Both Parties shall use best efforts to work out the definitive terms of a strategic collaboration with a view of executing the SAA within three months from the date of the MOU. The SAA is intended to formalize the terms of collaboration between the Parties whereby Eduspec shall be granted rights to represent iCarnegie in all Asia Markets with respect to iCarnegie K-12 programs within the Strategic Collaboration Areas with exclusivity to be granted to Eduspec on certain products and/or programs to be specified in the SAA;

(ii) Pending execution of the SAA, the Parties intend to immediately commence collaborative activities soonest possible based on a schedule to be mutually agreed; and

(iii) The MOU shall have a tenor term of 6 months. At any time before the expiry thereof, the tenor term of this MOU may be extended by the Parties by mutual written consent.

DURATION OF THE MOU

The MOU is valid for a period of three (6) months from the date of execution of the MOU and could be extended as agreed based on the evaluation from the Parties.

RATIONALE OF THE MOU

The MOU is in line with Eduspec’s strategy to grow its products and services to achieve higher revenue contribution from its local and overseas business.

FINANCIAL EFFECTS OF THE MOU

The MOU is not expected to have any material effect on the share capital, net assets, gearing and substantial shareholders shareholdings of Eduspec for the current financial year ending 30 September 2014.

However, the Strategic Alliance with iCarnegie is expected to contribute positively to the future earnings of the Eduspec Group, barring any unforeseen circumstance.

APPROVALS REQUIRED FOR THE MOU

The MOU is not subject to the approval of the shareholders of the Company or any regulatory authorities.

DIRECTORS AND SUBSTANTIAL SHAREHOLDERS’ INTERESTS

To the best of the Board’s knowledge and belief, none of the Directors and/or substantial shareholders and/or person connected to them has any direct or indirect interest in the said MOU.

STATEMENT BY DIRECTORS

The Board is of the opinion that the MOU is in the best interest of the Company.

DOCUMENTS MADE AVAILABLE FOR INSPECTION

A copy of the MOU is available for inspection at the registered office of the Company at Level 2, Tower 1, Avenue 5, Bangsar South City, 59200 Kuala Lumpur during office hours 8.30 a.m. to 5.30 p.m. from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.


This announcement is dated 4 February 2014.



AMBANK - 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 NameAMMB HOLDINGS BERHAD  
Stock Name AMBANK  
Date Announced4 Feb 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAH-140204-83D01

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 RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
[Acquisition of 1,820,200 shares]

2. Employees Provident Fund Board

3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KIB)

4. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (MAYBAN)

5. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KAF FM)

6. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)
[Disposal of 700,000 shares]

7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB PRI)

8. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ARIM)

9. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (TEMPLETON)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired28/01/2014
1,820,200
 
Disposed28/01/2014
700,000
 

Circumstances by reason of which change has occurredAcquisition and disposal of shares
Nature of interestDirect interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change445,628,437
Date of notice29/01/2014

Remarks :
This notice was received on 4 February 2014.


MAYBANK - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced4 Feb 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoMB-140204-56608

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal38,800
Issue price per share ($$)MYR 8.750
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units8,863,217,981
CurrencyMYR 8,863,217,981.000
Listing Date06/02/2014

2. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal1,500
Issue price per share ($$)MYR 8.820
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units8,863,219,481
CurrencyMYR 8,863,219,481.000
Listing Date06/02/2014


MAA - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameMAA GROUP BERHAD  
Stock Name MAA  
Date Announced4 Feb 2014  
CategoryGeneral Announcement
Reference NoCM-140127-42418

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description
MAA GROUP BERHAD ("MAAG" OR "THE COMPANY")

MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO REGULARISE ITS CONDITIONS PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA"SECURITIES") ("LISTING REQUIREMENTS")

We refer to the announcements made by MAAG on 30 September 2011, 31 October 2011, 30 November 2011, 30 December 2011, 2 February 2012, 10 February 2012, 1 March 2012, 2 April 2012, 2 May 2012, 1 June 2012, 2 July 2012, 1 August 2012, 3 September 2012, 28 September 2012, 1 October 2012, 30 November 2012, 20 December 2012, 2 January 2013, 4 February 2013, 1 March 2013, 5 March 2013, 1 April 2013, 2 May 2013, 3 June 2013, 7 June 2013, 11 June 2013, 21 June 2013, 1 July 2013, 1 August 2013, 2 September 2013, 1 October 2013, 1 November 2013, 29 November 2013, 9 December 2013 and 2 January 2014 in relation to the Company's condition pursuant to PN17 of the Listing Requirements of Bursa Securities as well as the application to Bursa Securities for an extension of time to comply with Paragraph 8.04(2), 8.04(3) and PN17 of the Listing Requirements ("Application").

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcements.

The Board of Directors of the Company wishes to announce that there has been no material development to the Application as at the date of this announcement. The Application is being considered by Bursa Securities and an announcement in relation to the outcome will be released in due course.

This announcement is dated 4 February 2014.


SUMATEC - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC  
Date Announced4 Feb 2014  
CategoryGeneral Announcement
Reference NoCC-140120-0DB62

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionSUMATEC RESOURCES BERHAD ("SUMATEC" OR "THE COMPANY")

MONTHLY ANNOUNCEMENT ON STATUS OF PLAN TO REGULARISE CONDITION PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("PN 17")

Reference is made to the Company's announcements made on 27 April 2012, 28 June 2012, 3 July 2012, 5 July 2012, 2 August 2012, 3 September 2012, 1 October 2012, 1 November 2012, 3 December 2012, 2 January 2013, 4 February 2013, 5 February 2013, 1 March 2013, 1 April 2013, 3 May 2013, 5 June 2013, 1 July 2013, 1 August 2013, 2 September 2013, 1 October 2013, 1 November 2013, 2 December 2013 and 2 January 2014.

The Company wishes to announce that there are no major developments on the status of plans to regularise the Company's financial condition other than those publicly announced.

This announcement is dated 4 February 2014.



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