March 20, 2014

Company announcements: DVM, MTRONIC, PERISAI, ANCOMLB, JOBST, NOTION, SCICOM, GENETEC, MMSV

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

Announcement Type: General Announcement
Company NameDVM TECHNOLOGY BERHAD (ACE Market) 
Stock Name DVM  
Date Announced20 Mar 2014  
CategoryGeneral Announcement
Reference NoOS-140320-56994

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionDVM TECHNOLOGY BERHAD (“DVM” OR THE “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DVM (EXCLUDING TREASURY SHARES, IF ANY) (“PROPOSED PRIVATE PLACEMENT”)

 

Reference is made to the Company’s announcements on 25 February 2014, 26 February 2014, 3 March 2014 and 18 March 2014 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 20 March 2014, approved the listing of and quotation for up to 87,120,000 Placement Shares, representing up to ten percent (10%) of the enlarged issued and paid-up share capital of DVM (excluding treasury shares) pursuant to the Proposed Private Placement, subject to the following conditions:

  1. DVM and TA Securities must fully comply with the relevant provisions under the ACE Market Listing Requirements (“ACE LR”) pertaining to the implementation of the Proposed Private Placement;

  2. DVM and TA Securities to inform Bursa Securities upon completion of the Proposed Private Placement;

  3. DVM to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed; and

  4. DVM to furnish Bursa Securities with a certified true copy of the resolution passed pursuant to Section 132D of the Companies Act, 1965, in the event the current authority has expired.

  5. TA Securities to furnish Bursa Securities with the following:

  6. (a) details of the placees as per Rule 6.16 of the ACE LR, prior to the issuance/allotment of Shares to the placees; and

    (b) confirmation that the placees do not fall within any of the category of persons specified in Rule 6.05(c) of the ACE LR.

    DVM is required to ensure full compliance of all the requirements as provided under the ACE LR at all times.

     This announcement is dated 20 March 2014.



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

Announcement Type: General Announcement
Company NameMETRONIC GLOBAL BERHAD  
Stock Name MTRONIC  
Date Announced20 Mar 2014  
CategoryGeneral Announcement
Reference NoCC-140320-33415

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMETRONIC GLOBAL BERHAD (“METRONIC”)
- ACQUISITION OF QUOTED SECURITIES

Pursuant to Paragraph 9.20 of the Bursa Malaysia Securities Berhad's Main Market Listing Requirements, Metronic wishes to announce that as at 19 March 2014, the aggregate value of securities acquired by Metronic within the preceding 12 months amounted to RM1,823,997 which represents 5.28% of Metronic Group's audited net assets as at 31 December 2012.

As at 19 March 2014, the investments in quoted securities held by Metronic are set out below:-

i)Total Cost

RM14,013,874.77

ii)Book Value

RM10,425,511.00

iii)Market Value

RM11,409,705.75

This announcement is dated 20 March 2014.



PERISAI - OTHERS PERISAI PETROLEUM TEKNOLOGI BHD (“PERISAI” OR “THE COMPANY”) INCORPORATION OF AN ASSOCIATE COMPANY

Announcement Type: General Announcement
Company NamePERISAI PETROLEUM TEKNOLOGI BHD  
Stock Name PERISAI  
Date Announced20 Mar 2014  
CategoryGeneral Announcement
Reference NoCC-140320-57190

TypeAnnouncement
SubjectOTHERS
DescriptionPERISAI PETROLEUM TEKNOLOGI BHD (“PERISAI” OR “THE COMPANY”)
INCORPORATION OF AN ASSOCIATE COMPANY

1. INTRODUCTION

The Board of Directors of Perisai Petroleum Teknologi Bhd (“Perisai” or “the Company”) wishes to announce that the Company has with effect from 19 March 2014 incorporated a new associate company, known as Larizz Energy Services Sdn Bhd (“Larizz Energy”).

2. INFORMATION ON LARIZZ ENERGY

Larizz Energy is a private limited company incorporated in Malaysia under the Companies Act, 1965 and is 40% owned by the Company and 60% owned by Zainol Izzet Bin Mohamed Ishak (“Izzet Ishak”), the Managing Director of Perisai.

The authorised share capital of Larizz Energy is RM400,000/- divided into 400,000 ordinary shares of RM1.00 each of which RM100,000/- comprising 100,000 ordinary shares of RM1.00 each has been issued and fully paid-up.

The principal activities of Larizz Energy are provision of upstream oil and gas services and other services in the oil and gas industry.

3. RATIONALE FOR THE INCORPORATION

The incorporation of Larizz Energy (“Incorporation”) is in furtherance to the future strategic plans of the Company.

4. FINANCIAL EFFECTS

The Incorporation is not expected to have any material effect on the earnings or net assets of Perisai for the financial year ending 31 December 2014.

5. SOURCE OF FUNDING

The Incorporation was funded by internally generated funds.

6. APPROVALS REQUIRED

The Incorporation is not subject to the approval of the shareholders of Perisai or any other relevant regulatory authorities.

7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

Save for that as disclosed below, none of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect, in the Incorporation :-

(a) Dato’ Dr. Mohamed Ariffin Bin Hj Aton (“Dato’ Ariffin”) is a Director of Perisai and Larizz Energy. Dato’ Ariffin is a nominee of Perisai appointed on the Board of Larizz Energy.

(b) Izzet Ishak who is the Managing Director and a major shareholder of Perisai, is also a director and major shareholder of Larizz Energy.

Given his interest, Izzet Ishak has abstained from all deliberations and decisions taken by Perisai in relation to the Incorporation.

8. DIRECTORS’ STATEMENT

After having considered the rationale for the Incorporation, the Board is of the opinion that the Incorporation is in the best interest of Perisai.

This announcement is dated 20 March 2014.

.


ANCOMLB - OTHERS ANCOM LOGISTICS BERHAD ("ALB" OR THE "COMPANY") (I) PROPOSED DISPOSAL OF 7,911,192 ORDINARY SHARES OF SINSENMOH TRANSPORTATION PTE LTD ("SSM"), REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SSM, BY SYNERGY TRANS-LINK SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ALB, TO CWT LIMITED FOR A TOTAL DISPOSAL CONSIDERATION AS SET OUT IN THE CONDITIONAL SHARE SALE AGREEMENT, TO BE FULLY SATISFIED BY CASH ("PROPOSED DISPOSAL"); (II) PROPOSED DISTRIBUTION OF PART OF THE PROCEEDS ARISING FROM THE PROPOSED DISPOSAL TO ALL ENTITLED SHAREHOLDERS OF ALB; AND (III) PROPOSED AMENDMENT TO ALB'S MEMORANDUM OF ASSOCIATION PURSUANT TO THE PROPOSED CAPITAL REDUCTION AND REPAYMENT ("PROPOSED AMENDMENT") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Announcement Type: General Announcement
Company NameANCOM LOGISTICS BERHAD (ACE Market) 
Stock Name ANCOMLB  
Date Announced20 Mar 2014  
CategoryGeneral Announcement
Reference NoCU-140320-59248

TypeAnnouncement
SubjectOTHERS
DescriptionANCOM LOGISTICS BERHAD ("ALB" OR THE "COMPANY")

(I) PROPOSED DISPOSAL OF 7,911,192 ORDINARY SHARES OF SINSENMOH TRANSPORTATION PTE LTD ("SSM"), REPRESENTING 100% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF SSM, BY SYNERGY TRANS-LINK SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ALB, TO CWT LIMITED FOR A TOTAL DISPOSAL CONSIDERATION AS SET OUT IN THE CONDITIONAL SHARE SALE AGREEMENT, TO BE FULLY SATISFIED BY CASH ("PROPOSED DISPOSAL");

(II) PROPOSED DISTRIBUTION OF PART OF THE PROCEEDS ARISING FROM THE PROPOSED DISPOSAL TO ALL ENTITLED SHAREHOLDERS OF ALB; AND

(III) PROPOSED AMENDMENT TO ALB'S MEMORANDUM OF ASSOCIATION PURSUANT TO THE PROPOSED CAPITAL REDUCTION AND REPAYMENT ("PROPOSED AMENDMENT")

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the announcements made on 23 August 2013, 27 August 2013, 8 October 2013, 27 November 2013 and 20 December 2013 in relation to the Proposals.
On behalf of the Board of Directors of ALB, MIDF Amanah Investment Bank Berhad wishes to announce that the petition to obtain an order of the High Court of Malaya at Kuala Lumpur ("High Court") to confirm the Proposed Capital Reduction and Repayment pursuant to Sections 60 and 64 of the Companies Act, 1965 ("Petition") as approved by the shareholders of ALB at the extraordinary general meeting on 28 November 2013 was filed to the High Court by ALB on 19 March 2014 via its legal counsel.

Further details on developments relating to the above will be announced in due course.

This announcement is dated 20 March 2014.


JOBST - Changes in Sub. S-hldr's Int. (29B) - FIL Limited and *Pandanus Partners L.P.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameJOBSTREET CORPORATION BERHAD  
Stock Name JOBST  
Date Announced20 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140320-A4DC4

Particulars of substantial Securities Holder

NameFIL Limited and *Pandanus Partners L.P.
AddressPembroke Hall, 42 Crow Lane, Pembroke, Bermuda
NRIC/Passport No/Company No.EC01462
Nationality/Country of incorporationBermuda
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holder(1) CLEARSTREAM BANKING SA LUX (C)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed13/03/2014
1,800
 

Circumstances by reason of which change has occurredSimple portfolio investment.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)37,432,900 
Indirect/deemed interest (%)5.86 
Total no of securities after change37,432,900
Date of notice20/03/2014

Remarks :
*Pandanus Partners L.P. is deemed interested in the shares held by FIL Limited.

The total number of 37,432,900 Ordinary Shares of RM0.10 each are held as follows:-

1) 33,274,800 Ordinary Shares of RM0.10 each are registered in the name of BROWN BROS HARRIMN LTD LUX (C);
2) 164,500 Ordinary Shares of RM0.10 each are registered in the name of BROWN BROS HARRIMAN (BOSTON) (S);
3) 216,200 Ordinary Shares of RM0.10 each are registered in the name of CLEARSTREAM BANKING SA LUX (C);
4) 26,800 Ordinary Shares of RM0.10 each are registered in the name of JP MORGAN, BOURNEMOUTH (C); and
5) 3,750,600 Ordinary Shares of RM0.10 each are registered in the name of MASTER TRUST BANK OF JAPAN (C).


NOTION - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameNOTION VTEC BERHAD  
Stock Name NOTION  
Date Announced20 Mar 2014  
CategoryGeneral Meetings
Reference NoCC-140319-63216

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting20/03/2014
Time09:30 AM
VenuePremier Hotel,
Bandar Bukit Tinggi 1/KS6,
Jalan Langat,
41200 Klang,
Selangor Darul Ehsan.
Outcome of Meeting

The Board of Directors of Notion VTec Berhad ("NVB") is pleased to inform that the shareholders of NVB have at the Tenth Annual General Meeting ("10th AGM") held on Thursday, 20 March 2014, approved all resolutions as set out in the Notice of the 10th AGM contained in the Annual Report for the financial year ended 30 September 2013 of NVB.


SCICOM - Changes in Sub. S-hldr's Int. (29B) - Datuk Ali Bin Abdul Kadir

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSCICOM (MSC) BERHAD  
Stock Name SCICOM  
Date Announced20 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140320-37496

Particulars of substantial Securities Holder

NameDatuk Ali Bin Abdul Kadir
AddressNo. 37 Persiaran Duta
Taman Duta
50480 Kuala Lumpur
Wilayah Persekutuan Malaysia
NRIC/Passport No/Company No.490603-01-5741
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderDatuk Ali Bin Abdul Kadir
No. 37 Persiaran Duta
Taman Duta
50480 Kuala Lumpur
Wilayah Persekutuan Malaysia

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed17/03/2014
250,000
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect
Direct (units)15,850,000 
Direct (%)5.35 
Indirect/deemed interest (units)180,000 
Indirect/deemed interest (%)0.06 
Total no of securities after change16,030,000
Date of notice18/03/2014

Remarks :
Scicom (MSC) Berhad received the Form 29B dated 18 March 2014 from Datuk Ali Bin Abdul Kadir on 20 March 2014.


SCICOM - Changes in Sub. S-hldr's Int. (29B) - Datuk Ali Bin Abdul Kadir

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSCICOM (MSC) BERHAD  
Stock Name SCICOM  
Date Announced20 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-140320-38091

Particulars of substantial Securities Holder

NameDatuk Ali Bin Abdul Kadir
AddressNo. 37 Persiaran Duta
Taman Duta
50480 Kuala Lumpur
Wilayah Persekutuan Malaysia
NRIC/Passport No/Company No.490603-01-5741
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderDatuk Ali Bin Abdul Kadir
No. 37 Persiaran Duta
Taman Duta
50480 Kuala Lumpur
Wilayah Persekutuan Malaysia

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/03/2014
700,000
 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestDirect
Direct (units)15,150,000 
Direct (%)5.11 
Indirect/deemed interest (units)180,000 
Indirect/deemed interest (%)0.06 
Total no of securities after change15,330,000
Date of notice19/03/2014

Remarks :
Scicom (MSC) Berhad received the Form 29B dated 19 March 2014 from Datuk Ali Bin Abdul Kadir on 20 March 2014.


GENETEC - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameGENETEC TECHNOLOGY BERHAD (ACE Market) 
Stock Name GENETEC  
Date Announced20 Mar 2014  
CategoryGeneral Announcement
Reference NoGT-140320-51926

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionGENETEC TECHNOLOGY BERHAD (“GENETEC” OR THE “COMPANY”)
United States District Court for the Western District of Virginia Civil Action No. 6: 13-cv-00027-NKM

Plaintiff, Electro Mechanical Handling, Inc. vs Defendant, System’s South, Inc. & Genetec Global Technologies, Inc

Reference is made to the Company’s earlier announcements dated 23 April 2013 and 31 May 2013. The terms herein shall bear the same meaning as defined in the said announcements.

The Board of Directors of Genetec wishes to state that System’s South, Inc. and Genetec Global Technologies, Inc (collectively as “Defendants”) have reached a settlement with Electro Mechanical Handling, Inc. (“Plaintiff”) in respect of the Plaintiff’s claims against the Defendants and accordingly the Defendants had paid the Plaintiff an amount of USD35,000.00 (equivalent to RM115,500.00) as full and final settlement.

By virtue of the settlement, the Plaintiff had on 18 March 2014 executed the Release document and the Stipulation of Voluntary Dismissal With Prejudice paper will be filed with United States District Court for the District of Virginia in due course to dismiss the case.

This announcement is dated 20 March 2014.



MMSV - Changes in Sub. S-hldr's Int. (29B) - Metronic Global Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMMS VENTURES BERHAD (ACE Market) 
Stock Name MMSV  
Date Announced20 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140320-33794

Particulars of substantial Securities Holder

NameMetronic Global Berhad
AddressNo. 2-1, Jalan Sri Hartamas 8
Sri Hartamas
50480 Kuala Lumpur
Wilayah Persekutuan (KL)
NRIC/Passport No/Company No.632068-V
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderMetronic Global Berhad
No. 2-1, Jalan Sri Hartamas 8
Sri Hartamas
50480 Kuala Lumpur
Wilayah Persekutuan (KL)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired18/03/2014
1,000,000
 
Acquired18/03/2014
200,000
 

Circumstances by reason of which change has occurredAcquisition
Nature of interestDirect
Direct (units)18,607,800 
Direct (%)11.42 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change18,607,800
Date of notice19/03/2014


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