April 16, 2014

Company announcements: IRIS, GHLSYS, SCOPE, MTRONIC, PERISAI

IRIS - OTHERS JOINT VENTURE AGREEMENT EXECUTED BETWEEN IRIS CORPORATION BERHAD (“ICB”) AND ALVERY RESOURCES LIMITED (“ALVERY”) FOR THE DEVELOPMENT OF LAND MEASURING 100,000 HECTARES FOR AGRICULTURAL AND BUSINESS PURPOSES IN PAPUA NEW GUINEA.

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced16 Apr 2014  
CategoryGeneral Announcement
Reference NoIC-140416-60028

TypeAnnouncement
SubjectOTHERS
DescriptionJOINT VENTURE AGREEMENT EXECUTED BETWEEN IRIS CORPORATION BERHAD (“ICB”) AND ALVERY RESOURCES LIMITED (“ALVERY”) FOR THE DEVELOPMENT OF LAND MEASURING 100,000 HECTARES FOR AGRICULTURAL AND BUSINESS PURPOSES IN PAPUA NEW GUINEA.

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement dated 14 April 2014 in relation to Joint Venture Agreement Executed between IRIS Corporation Berhad and Alvery Resources Limited for the development of land measuring 100,000 hectares for agricultural and business purposes in Papua New Guinea (“The Announcement”).

Further to the above, the company is pleased to furnish herewith additional information pertaining to Section 3.2 (b) of The Announcement:-

a) The subscription price for 3,500 ordinary shares of Joint Venture Company is 1 Kina per ordinary share;

b) The source of funding of the above ordinary shares is from internally generated funds.

The announcement is dated 16 April 2014.



GHLSYS - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameGHL SYSTEMS BERHAD  
Stock Name GHLSYS  
Date Announced16 Apr 2014  
CategoryChange in Audit Committee
Reference NoCK-140402-41221

Date of change16/04/2014
NameLim Sze Mei
Age39
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateNon Independent & Non Executive
QualificationsBSc in Finance and International Business with summa cum laude, University of Bridgeport 
Working experience and occupation i) Analyst, SG Research (M) Sdn Bhd (1997-1998)
ii) Analyst, JPMorgan Chase Bank Berhad (1998-2000)
iii) Assistant Manager, J.P. Morgan Malaysian Sdn Bhd (2000-2001)
iv) Analyst, J.P. Morgan (S.E.A.) Ltd (2001-2002)
v) Associate, J.P. Morgan (S.E.A.) Ltd (2002)
vi) Manager of Corporate Finance, AirAsia Berhad (2003-2005)
vii) Vice President of Investments, Khazanah Nasional Berhad (2005-2007)
viii) Vice President of Finance & Investor Relations, Parkway Trust Management Limited (2007-2008)
ix) Vice President of Growth, Innovation and Strategy, Parkway Holdings Limited (2008-2011)
x) Director, Creador Sdn Bhd (2011-present) 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)1. Fong Seow Kee (Chairman) (Senior Independent Non-Executive Director)
2. Datuk Kamaruddin bin Taib (Indepedent Non-Executive Director)
3. Goh Kuan Ho (Independent Non-Executive Director)
4. Lim Sze Mei (Non-Independent Non-Executive Director)


GHLSYS - OTHERS GHL Systems Berhad ("GHL" or "the Company") -Change in Composition of Nomination and Remuneration Committee

Announcement Type: General Announcement
Company NameGHL SYSTEMS BERHAD  
Stock Name GHLSYS  
Date Announced16 Apr 2014  
CategoryGeneral Announcement
Reference NoCK-140402-41875

TypeAnnouncement
SubjectOTHERS
DescriptionGHL Systems Berhad ("GHL" or "the Company")
-Change in Composition of Nomination and Remuneration Committee

The Board of Directors of GHL wishes to announce that Mr Brahmal a/l Vasudevan, has been appointed as a new member of the Nomination and Remuneration Committee of the Company with effect from

The composition of the Nomination and Remuneration Committee after change is as follows:-

1) Fong Seow Kee (Chairman) (Senior Independent Non-Executive Director)

2) Datuk Kamaruddin bin Taib (Independent Non-Executive Director)

3) Goh Kuan Ho (Independent Non-Executive Director)

4) Brahmal a/l Vasudevan (Non-Independent Non-Executive Director)

This announcement is dated 16 April 2014.



GHLSYS - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameGHL SYSTEMS BERHAD  
Stock Name GHLSYS  
Date Announced16 Apr 2014  
CategoryChange in Boardroom
Reference NoCK-140402-38479

Date of change16/04/2014
NameBrahmal a/l Vasudevan
Age46
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateNon Independent & Non Executive
Qualifications- Master in Business Administration, Harvard University
- Bachelor of Aeronautical Engineering, Imperial College of Science, Technology & Medicine, University of London 
Working experience and occupation i) Associate Consultant, Boston Consulting Group (1991-1992)
ii) Brand Executive, British American Tobacco (Malaysia) Berhad (1990-1993)
iii) International Brand Manager, British American Tobacco, London (1994-1995)
iv) Director of Marketing, Astro Malaysia Holdings Berhad (1997-2000)
v) Managing Director, ChrysCapital, India (2000-2011)
vi) Chief Executive Officer, Creador Sdn Bhd (2011-present)  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


GHLSYS - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameGHL SYSTEMS BERHAD  
Stock Name GHLSYS  
Date Announced16 Apr 2014  
CategoryChange in Boardroom
Reference NoCK-140402-40294

Date of change16/04/2014
NameLim Sze Mei
Age39
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateNon Independent & Non Executive
QualificationsBSc in Finance and International Business with summa cum laude, University of Bridgeport 
Working experience and occupation i) Analyst, SG Research (M) Sdn Bhd (1997-1998)
ii) Analyst, JPMorgan Chase Bank Berhad (1998-2000)
iii) Assistant Manager, J.P. Morgan Malaysian Sdn Bhd (2000-2001)
iv) Analyst, J.P. Morgan (S.E.A.) Ltd (2001-2002)
v) Associate, J.P. Morgan (S.E.A.) Ltd (2002)
vi) Manager of Corporate Finance, AirAsia Berhad (2003-2005)
vii) Vice President of Investments, Khazanah Nasional Berhad (2005-2007)
viii) Vice President of Finance & Investor Relations, Parkway Trust Management Limited (2007-2008)
ix) Vice President of Growth, Innovation and Strategy, Parkway Holdings Limited (2008-2011)
x) Director, Creador Sdn Bhd (2011-present) 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


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

Announcement Type: General Announcement
Company NameSCOPE INDUSTRIES BERHAD (ACE Market) 
Stock Name SCOPE  
Date Announced16 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140415-44910

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that the following Director has given notice of his dealing in the ordinary shares of Scope Industries Berhad during outside closed period as set out in the Table hereunder.

This announcement is dated 16 April 2014.

Name

Date of

Transaction

Opening

Balance

No. of shares Acquired / (Disposed)

% of Shares Acquired / (Disposed)

Closing

Balance

% of total issued shares

Ordinary Shares

Direct Interest

Lee Min Huat

14-04-2014

57,701,860

200,000

0.04%

57,901,860

11.57%

Name

Date of

Transaction

Opening

Balance

No. of warrants Acquired / (Disposed)

% of warrants Acquired / (Disposed)

Closing

Balance

% of total issued warrants

Warrants

Direct Interest

Lee Min Huat

-

11,540,372

-

-

11,540,372

9.73%



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

Announcement Type: General Announcement
Company NameMETRONIC GLOBAL BERHAD  
Stock Name MTRONIC  
Date Announced16 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140416-3B66F

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMETRONIC GLOBAL BERHAD ("Metronic")
- ACQUISITION AND DISPOSAL OF QUOTED SECURITIES

Pursuant to Paragraph 9.20 of the Bursa Securities Main Market Listing Requirements, Metronic wishes to announce that as at 15 April 2014, the aggregate value of securities acquired and disposed by Metronic within the preceding 12 months amounted to RM2,281,996.50 and RM2,202,700.87 which represents 6.61% and 6.38% of Metronic Group’s audited net assets as at 31 December 2012.

As at 15 April 2014, the investments in quoted securities held by Metronic are set out below:-

i) Total Cost : RM12,874,539

ii) Book Value : RM10,765,790

iii) Market Value : RM9,497,211

iv) Profit arising from sales in quoted securities during the current financial year is RM680,646.08

This announcement is dated 16 April 2014.



MTRONIC - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameMETRONIC GLOBAL BERHAD  
Stock Name MTRONIC  
Date Announced16 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140416-B7C19

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionMetronic Global Berhad ("the Company" or "MGB")
Memorandum of Understanding

The announcement dated 15 April 2014 refers.

The Board of MGB wishes to include additional information pertaining to item 4 as follows:-

Item No. 4. The effects on net assets and earnings of the Group - The MOU will not have any material effects on earnings per share and Net Assets per share of MGB Group for the financial year ending 31 December 2014.

This announcement is dated 16 April 2014.



PERISAI - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NamePERISAI PETROLEUM TEKNOLOGI BHD  
Stock Name PERISAI  
Date Announced16 Apr 2014  
CategoryChange in Audit Committee
Reference NoCC-140409-44C36

Date of change16/04/2014
NameDato' Dr. Mohamed Ariffin Bin Hj. Aton
Age69
NationalityMalaysian
Type of changeResignation
DesignationMember of Audit Committee
DirectorateNon Independent & Non Executive
Qualifications1) BEng (Hons) Chemical Engineering, University of Surrey, United Kingdom
2) PhD in Chemical Engineering, University of Leeds 
Working experience and occupation Dato’ Ariffin started his professional career in 1970 as a Process Engineer with Esso Refinery based in Port Dickson and later joined the academia as a lecturer with Universiti Kebangsaan Malaysia (“UKM”). After numerous appointments, Dato’ Ariffin left UKM in 1989 to be part of Petronas Research & Scientific Services Sdn. Bhd. (“PRSS”) as the Deputy Director, Downstream. Upon the corporatisation of PRSS in 1994, he was appointed as PRSS’s Managing Director/Chief Executive Officer. He was the President and Chief Executive Officer of SIRIM Berhad from 1996 until his retirement on 1 September 2007. 
Directorship of public companies (if any)Kumpulan Perangsang Selangor Berhad
HeiTech Padu Berhad
Khazanah National Berhad Group 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesDirect interest of 165,000 ordinary shares of RM0.10 each in the Company 
Composition of Audit Committee (Name and Directorate of members after change)1) Chairman: Dato’ Yogesvaran A/L T. Arianayagam
(Independent Non-Executive Director)

2) Member: Mr Chan Feoi Chun
(Non Independent Non-Executive Director)

3) Member: Dato’ Anwarrudin Ahamad Osman
(Independent Non-Executive Director)


PERISAI - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NamePERISAI PETROLEUM TEKNOLOGI BHD  
Stock Name PERISAI  
Date Announced16 Apr 2014  
CategoryChange in Audit Committee
Reference NoCC-140409-62996

Date of change16/04/2014
NameDato’ Anwarrudin Ahamad Osman
Age71
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsBachelor of Arts, University of Malaya 
Working experience and occupation Dato’ Anwarrudin joined the Malaysian Civil Service in 1966 and served in the Ministry of Defence. In May 1975, he joined Petronas and served in various capacities until his retirement in 1998 as Managing Director/Chief Executive Officer of Petronas Dagangan Berhad.

Dato’ Anwarrudin held various senior positions during his 23 years career in Petronas. He was the General Manager of Corporate Planning Division in 1984, General Manager, Human Resources Management Division in 1985 before heading the International Marketing Division of Petronas responsible for sales of crude and products and processing of crude.

He was a member of the Asean Council on Petroleum (ASCOPE) technical committee for several years and spoke at ASCOPE oil marketing management seminars and local seminars on prospects and challenges in the marketing and distribution industry. He represented Malaysia in the OPEC/NON-OPEC dialogues from 1989-1991 and sat on the Petronas Management Committee from 1992 to 1998. 
Directorship of public companies (if any)Fraser & Neave Holdings Bhd
KKB Engineering Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)1) Chairman: Dato’ Yogesvaran A/L T. Arianayagam
(Independent Non-Executive Director)

2) Member: Mr Chan Feoi Chun
(Non Independent Non-Executive Director)

3) Member: Dato’ Anwarrudin Ahamad Osman
(Independent Non-Executive Director)


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