March 7, 2014

Company announcements: IRIS, BTECH, INGENCO, ASDION, GPACKET, NEXGRAM, N2N, WINTONI

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

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced7 Mar 2014  
CategoryGeneral Announcement
Reference NoMB-140307-52452

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionIRIS CORPORATION BERHAD (“IRIS” OR “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF IRIS (“PROPOSED PRIVATE PLACEMENT”)

This announcement is dated 7 March 2014.

We refer to the announcement dated 6 March 2014 in relation to the Proposed Private Placement (“Announcement”).

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Announcement.

On behalf of the Board of Directors of IRIS, AmInvestment Bank Berhad wishes to announce that the application in relation to the listing of and quotation for up to 222,808,896 new IRIS Shares pursuant to the Proposed Private Placement had been submitted to Bursa Malaysia Securities Berhad on 7 March 2014.



BTECH - OTHERS WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED BY HOOKER CHEMICAL SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF BRITE-TECH BERHAD ("BTECH" OR "THE COMPANY") AGAINST ACE ENVIRONMENT PTE. LTD.

Announcement Type: General Announcement
Company NameBRITE-TECH BERHAD (ACE Market) 
Stock Name BTECH  
Date Announced7 Mar 2014  
CategoryGeneral Announcement
Reference NoCT-140307-43422

TypeAnnouncement
SubjectOTHERS
DescriptionWRIT OF SUMMONS AND STATEMENT OF CLAIM FILED BY HOOKER CHEMICAL SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF BRITE-TECH BERHAD ("BTECH" OR "THE COMPANY") AGAINST ACE ENVIRONMENT PTE. LTD.

 

(For consistency, the abbreviation used in this announcement shall have the same meaning defined in the announcement dated 26 February 2014, where applicable, unless stated otherwise or defined herein)

We refer to the Company’s announcement dated 26 February 2014 in relation to the Writ of Summons and Statement of Claim filed in the Subordinate Courts of the Republic of Singapore (“the Courts”) by Hooker Chemical Sdn. Bhd. (“HCSB” or “the Plaintiff”) against ACE Environment Pte. Ltd. (“ACE” or “the Defendant”).

The Plaintiff’s lawyers had on 25 February 2014 filed another Request to Enter Default Judgment and had requested that the Default Judgment be entered against the Defendant in respect of the Plaintiff’s entire claim, with interest and costs.

Subsequently, the Courts had on 27 February 2014 ordered the Defendant to pay the Plaintiff the outstanding sum of SGD241,040 (“the Judgment Sum”) including interest and costs, with interest on the Judgment Sum at the rate of 5.33% per annum from the date of the Writ of Summons (i.e. 28 January 2014) to the date of the Judgment and costs of SGD1,800.

The Company will make the necessary announcements on further developments of the above matter as and when necessary.

 
This announcement is dated 7 March 2014.



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

Announcement Type: General Announcement
Company NameINGENUITY CONSOLIDATED BERHAD (ACE Market) 
Stock Name INGENCO  
Date Announced7 Mar 2014  
CategoryGeneral Announcement
Reference NoCC-140306-63850

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Rule 14.09(a) of Chapter 14 of the Listing Requirements of Bursa Malaysia Securities Berhad for ACE Market. This is to notify that the Company has received notification from the Director, Mr Lim Boon Hong in relation to his disposal of the Company's shares outside closed period as stated below:-

1) Date of dealings - 05.03.2014

2) No. of ordinary shares of RM0.10 each disposed - 19,000,000 shares (Direct)

3) % of issued share capital - 2.23%

4) Transaction - Disposed via open market

5) Consideration per share - RM0.11


This announcement is dated 7th March 2014.



ASDION - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameASDION BERHAD (ACE Market) 
Stock Name ASDION  
Date Announced7 Mar 2014  
CategoryGeneral Announcement
Reference NoOS-140307-41382

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionASDION BERHAD (“ASDION” OR THE “COMPANY”)

(I) FREE WARRANTS ISSUE
(II) PRIVATE PLACEMENT OF SHARES WITH WARRANTS
(III) SIS
(IV) INCREASE IN AUTHORISED SHARE CAPITAL
(V) AMENDMENT

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

We refer to the announcements dated 20 November 2013, 13 December 2013, 6 February 2014, 11 February 2014, 12 February 2014 and 7 Mach 2014 in relation to the Proposals (“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 Asdion had resolved to fix the exercise price of the Warrants at RM0.50 each and executed a deed poll constituting the Warrants today. The exercise price of the Warrants represents a premium of RM0.0691 or 16.04% to the five (5)-day volume weighted average market price of Asdion Shares up to and including 6 March 2014 (being the last market day prior to the price fixing date) of RM0.4309.

 

This announcement is dated 7 March 2014.



ASDION - Others

Announcement Type: Entitlements (Notice of Book Closure)
Company NameASDION BERHAD (ACE Market) 
Stock Name ASDION  
Date Announced7 Mar 2014  
CategoryEntitlements (Notice of Book Closure)
Reference NoOS-140307-41592

EX-date19/03/2014
Entitlement date21/03/2014
Entitlement time05:00:00 PM
Entitlement subjectOthers
Entitlement descriptionIssue of 8,350,760 free warrants (“Free Warrants”) on the basis of one (1) Free Warrant for every ten (10) existing ordinary shares of RM0.10 each in Asdion Berhad (“Asdion” or “Company”) (“Asdion Shares” or “Shares”) held at 5:00 p.m. on 21 March 2014 (“Free Warrants Issue”)
Period of interest payment to
Financial Year End
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noSystems & Securities Sdn Bhd
Plaza 138, Suite 18.03, 18th Floor
138, Jalan Ampang
50450 Kuala Lumpur
Tel : 03-2161 5466
Fax : 03-2163 696
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers21/03/2014 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorRatio
Ratio 1 : 10
Rights Issues/Offer Price

Remarks :
Unless otherwise defined, all terms used shall have the same meaning as those defined in the announcement dated 20 November 2013 in relation to the Free Warrants Issue.

The Free Warrants will be credited into the entitled shareholders’ central depository system accounts and notices of allotment will be issued and despatched to the entitled shareholders at the address as per the Record of Depositors within four (4) market days from the entitlement date. Entitled shareholders are not required to take any action.

The Free Warrants will be quoted on the ACE Market of Bursa Securities within two (2) market days after an application for the quotation the Free Warrants is submitted to Bursa Securities.

This announcement is dated 7 March 2014.


GPACKET - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameGREEN PACKET BERHAD  
Stock Name GPACKET  
Date Announced7 Mar 2014  
CategoryGeneral Announcement
Reference NoGP-140307-E5405

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionKuala Lumpur High Court Writ of Summons No: 22 NCC-506-7/2013 [“the Writ”]
Intel Capital Corporation [“Intel”] vs. – Green Packet Berhad [“the Company”]

Further to the Company’s announcement dated 4 March 2014, the Company hereby clarify that the suit is not expected to have any material operational impact to the Company. Depending on the judgment of the Court on the date of payment, the suit will have a material impact on the cash flow of the Company. The suit is not expected to have any material losses to the Company.

This announcement is dated 7 March 2014.



NEXGRAM - Changes in Sub. S-hldr's Int. (29B) - Tey Por Yee

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameNEXGRAM HOLDINGS BERHAD (ACE Market) 
Stock Name NEXGRAM  
Date Announced7 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCS-140307-52477

Particulars of substantial Securities Holder

NameTey Por Yee
AddressBlok S1-10-22, P/Puri Sutramas, Persiaran Puchong Jaya Selatan, Bandar Puchong Jaya, 47100 Puchong, Selangor Darul Ehsan.
NRIC/Passport No/Company No.760202-14-5147
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderTey Por Yee
- Blok S1-10-22, P/Puri Sutramas, Persiaran Puchong Jaya Selatan, Bandar Puchong Jaya, 47100 Puchong, Selangor Darul Ehsan.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired06/03/2014
3,000,000
0.130 

Circumstances by reason of which change has occurredAcquisition of Shares
Nature of interestDirect Interest
Direct (units)220,339,700 
Direct (%)17.36 
Indirect/deemed interest (units)120,120,000 
Indirect/deemed interest (%)9.47 
Total no of securities after change340,459,700
Date of notice07/03/2014

Remarks :
Overall Interests after change:

Direct Interest: 220,339,700
- Tey Por Yee - 74,639,700
- JF Apex Nominees (Tempatan) Sdn. Bhd. - 900,000
- Kenanga Nominees (Tempatan) Sdn. Bhd. - 114,800,000
- SJ Sec Nominees (Tempatan) Sdn. Bhd. - 30,000,000

Indirect Interest: 120,120,000
- Deemed interest by virtue of his direct interest of more than 15% in Smart Tower Sdn. Bhd.

The acquisition of 3,000,000 ordinary shares represents 0.24% of the total issued paid-up capital of the Company.

The above announcement is also made to comply with Rule 14.08 of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements.


NEXGRAM - Changes in Director's Interest (S135) - Tey Por Yee

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameNEXGRAM HOLDINGS BERHAD (ACE Market) 
Stock Name NEXGRAM  
Date Announced7 Mar 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-140307-52733

Information Compiled By KLSE

Particulars of Director

NameTey Por Yee
AddressBlok S1-10-22, P/Puri Sutramas, Persiaran Puchong Jaya Selatan, Bandar Puchong Jaya, 47100 Puchong, Selangor Darul Ehsan.
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
06/03/2014
3,000,000
0.130 

Circumstances by reason of which change has occurredAcquisition of Shares
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)220,339,700 
Direct (%)17.36 
Indirect/deemed interest (units)120,120,000 
Indirect/deemed interest (%)9.47 
Date of notice07/03/2014

Remarks :
Overall Interests after change:

Direct Interest: 220,339,700
- Tey Por Yee - 74,639,700
- JF Apex Nominees (Tempatan) Sdn. Bhd. - 900,000
- Kenanga Nominees (Tempatan) Sdn. Bhd. - 114,800,000
- SJ Sec Nominees (Tempatan) Sdn. Bhd. - 30,000,000

Indirect Interest: 120,120,000
- Deemed interest by virtue of his direct interest of more than 15% in Smart Tower Sdn. Bhd.

The acquisition of 3,000,000 ordinary shares represents 0.24% of the total issued paid-up capital of the Company.

The above announcement is also made to comply with Rule 14.08 of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements


N2N - 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 NameN2N CONNECT BERHAD (ACE Market) 
Stock Name N2N  
Date Announced7 Mar 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCM-140227-3A5ED

Date of buy back from27/02/2014
Date of buy back to27/02/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)10,000
Minimum price paid for each share purchased ($$)0.760
Maximum price paid for each share purchased ($$)0.760
Total amount paid for shares purchased ($$)7,600.00
The name of the stock exchange through which the shares were purchased Bursa Malaysia
Number of shares purchased retained in treasury (units)10,000
Total number of shares retained in treasury (units)3,739,200
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies07/03/2014
Lodged by Esprit Management Services Sdn Bhd


WINTONI - Notice of Interest Sub. S-hldr (29A) - Ample Holdings Limited

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameWINTONI GROUP BERHAD (ACE Market) 
Stock Name WINTONI  
Date Announced7 Mar 2014  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCC-140305-40818

Particulars of Substantial Securities Holder

NameAmple Holdings Limited
AddressP.O. Box 850, Offshore Incorporations Centre,
The Valley, Anguilla,
British West Indies.
NRIC/Passport No/Company No.2115855
Nationality/Country of incorporationAnguilla
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderAmple Holdings Limited
P.O. Box 850, Offshore Incorporations Centre,
The Valley, Anguilla,
British West Indies.

TASEC Nominees (Asing) Sdn. Bhd.
David Lai & Tan for Ample Holdings Limited
14th Floor, Menara TA One,
22, Jalan P. Ramlee,
50250 Kuala Lumpur.

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired27/02/2014
No of securities50,000,000
Circumstances by reason of which Securities Holder has interestConsideration shares issued by Wintoni Group Berhad for the acquisition of Planet Wireless Limited from Ample Holdings Limited.
Nature of interestDirect
Price Transacted ($$)0.200

Total no of securities after change

Direct (units)50,000,000 
Direct (%)10.42 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice05/03/2014


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