IRIS - OTHERS JOINT VENTURE AGREEMENT ENTERED INTO BY AND BETWEEN GLOBAL BLUE S.A. (“GLOBAL BLUE”) AND IRIS CORPORATION BERHAD (‘ICB”) ON 9TH DECEMBER 2013 FOR THE PURPOSE OF PROVIDING GST REFUND SERVICES TO FOREIGN TRAVELLERS IN MALAYSIA
| Company Name | IRIS CORPORATION BERHAD (ACE Market) |
| Stock Name | IRIS |
| Date Announced | 21 Apr 2014 |
| Category | General Announcement |
| Reference No | IC-140421-65024 |
| Type | Announcement |
| Subject | OTHERS |
| Description | JOINT VENTURE AGREEMENT ENTERED INTO BY AND BETWEEN GLOBAL BLUE S.A. (“GLOBAL BLUE”) AND IRIS CORPORATION BERHAD (‘ICB”) ON 9TH DECEMBER 2013 FOR THE PURPOSE OF PROVIDING GST REFUND SERVICES TO FOREIGN TRAVELLERS IN MALAYSIA |
JOINT VENTURE AGREEMENT ENTERED INTO BY AND BETWEEN GLOBAL BLUE S.A. (“GLOBAL BLUE”) AND IRIS CORPORATION BERHAD (‘ICB”) ON 9TH DECEMBER 2013 FOR THE PURPOSE OF PROVIDING GST REFUND SERVICES TO FOREIGN TRAVELLERS IN MALAYSIA
Global Blue has the intention to expand its business of providing the GST Refund Services to such countries where it is legally and commercially feasible to do this business and was interested in establishing the GST Refund Services in Malaysia and agreed to form a new joint venture company for such purpose together with ICB as its partner and commencing the business of the GST Refund Services in the Territory. 3. CONTENTS OF THE JOINT VENTURE AGREEMENT The salient terms of the Agreement are inter alia as follows:-
c. ICB shall be the owner of fifty one per cent (51%) of the issued and outstanding shares, and Global Blue shall be the owner of forty nine per cent (49%) of the issued and outstanding shares of the JVCo. At all times hereafter, unless the parties agree otherwise, all shares of the JVCo shall have equal rights, including voting, capital and income rights.d. The authority and responsibility for the management and supervision of the JVCo and the business/operations of the JVCo shall vest in the Board subject to the provisions of this Agreement and applicable laws of Malaysia. The parties agree that in recognition of Global Blue's expertise in operating and managing the GST business, the Managing Director shall be appointed by the Board from one of the directors nominated by Global Blue and the management of the day-to-day operations of the JVCo, including such matters agreed by the Board from time to time, shall vest in the Managing Director.e. The Country Manager shall act as the operative manger of the JVCo having responsibility for matters such as sales and marketing. The parties agree that the Country Manager shall be nominated by Global Blue and shall be appointed by the Board.4. RATIONALE OF THE AGREEMENT The Joint venture is is to enable the ICB Group to expand its business in the the operations of the GST Refund Services to foreign travelers and any ancillary or related activities of any kind. 5. RISK FACTORS Like all business entities, risk factors involved in this joint venture include but are not limited to execution risks, such as business expansion, prudent financial management, economics and regulatory conditions. There are no assurance that the anticipated benefits from the Agreement will be realized immediately, nevertheless the Board of Directors has and will continue to exercise due care in considering the risks and benefits associated with this Agreement and will take appropriate measures in planning the successful implementation of the Agreement with its current business operations. 6. FINANCIAL EFFECTS ON THE AGREEMENT The joint venture is not expected to have any effect on the issued and paid-up capital, substantial shareholders’ shareholding, net assets per share and gearing of the ICB Group for the financial year ending on 31st March 2015. Barring unforeseen circumstances, the Board is of the opinion that the joint venture will contribute positively to the earnings of the ICB Group in the future. 7. APPROVALS REQUIRED This Agreement does not require the approval of ICB shareholders or any relevant government authority. 8. DIRECTORS AND MAJOR SHARE HOLDERS INTERESTS None of the directors, major shareholders, persons connected with the directors or major shareholders of ICB or any of its subsidiaries have any interest, direct or indirect, in the Project. 9. STATEMENT OF THE BOARD OF DIRECTORS The Board of Directors of ICB, after taking into consideration all aspects of the Joint Venture Agreement is of the opinion that the Agreement is fair, reasonable and is in the best interest of the ICB group. 10. DOCUMENT FOR INSPECTION The Joint Venture Agreement shall be available for inspection at the registered office of ICB during office hours at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur for q period of three (3) months from the date of this announcement. This announcement is dated 21st April, 2014.
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GHLSYS - OTHERS GHL Systems Berhad (“GHL” or “the Company”) Proposed Share Buy-Back Authority
| Company Name | GHL SYSTEMS BERHAD |
| Stock Name | GHLSYS |
| Date Announced | 21 Apr 2014 |
| Category | General Announcement |
| Reference No | CK-140421-59724 |
| Type | Announcement |
| Subject | OTHERS |
| Description | GHL Systems Berhad (“GHL” or “the Company”) Proposed Share Buy-Back Authority |
The Board of Directors of GHL wishes to announce that the Company intends to seek its shareholders’ approval for the proposed authority to purchase by GHL of up to ten percent (10%) of its own issued and paid-up share capital (“Proposed Share Buy-Back”) at the forthcoming Twentieth Annual General Meeting of GHL to be convened at a date, which will be notified later. The Circular to Shareholders setting out the details of the Proposed Share Buy-Back will be issued to the shareholders of the Company together with the 2013 Annual Report in due course. This announcement is dated 21 April 2014. | |
DIGISTA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
| Company Name | DIGISTAR CORPORATION BERHAD |
| Stock Name | DIGISTA |
| Date Announced | 21 Apr 2014 |
| Category | General Announcement |
| Reference No | CK-140417-50CE6 |
| Type | Announcement | |||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | |||||||||||||||
| Description | Pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Berhad, Digistar Corporation Berhad ("Digistar") wishes to announce that they have received notification from Mejar (K) Datuk Wira Lee Wah Chong, the Managing Director of Digistar, that he intends to trade in securities of the Company during closed period pending announcement of the Company's financial result for the second quarter ended 31 March 2014. | |||||||||||||||
The number of securities held by Mejar (K) Datuk Wira Lee Wah Chong as at 21 April 2014 is tabulated in the table below.
This announcement is dated 21 April 2014 | ||||||||||||||||
REDTONE - Additional Listing Announcement
| Company Name | REDTONE INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | REDTONE |
| Date Announced | 21 Apr 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | CK-140418-41889 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | Others |
| Details of corporate proposal | FREE DETACHABLE WARRANTS |
| No. of shares issued under this corporate proposal | 41,000 |
| Issue price per share ($$) | MYR 0.250 |
| Par Value ($$) | MYR 0.100 |
Latest issued and paid up share capital after the above corporate proposal in the following | |
| Units | 508,082,225 |
| Currency | MYR 50,808,222.500 |
| Listing Date | 22/04/2014 |
MTRONIC - Changes in Sub. S-hldr's Int. (29B) - Tan Lian Hong
| Company Name | METRONIC GLOBAL BERHAD |
| Stock Name | MTRONIC |
| Date Announced | 21 Apr 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140418-AD5E8 |
Particulars of substantial Securities Holder
| Name | Tan Lian Hong |
| Address | No. 8 Jalan Impian Perdana 1, Impian Golf Saujana, Kajang, 43000 Selangor Darul Ehsan |
| NRIC/Passport No/Company No. | 870212-14-5201 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Alliance Group Nominees (Tempatan) Sdn Bhd (Pledged Securities Account for Tan Lian Hong) Menara Multi Purpose Capital Square 8 Jalan Munshi Abdullah 50100 Kuala Lumpur, Wilayah Persekutuan (KL) RHB Nominees (Tempatan) Sdn Bhd (Pledged Securities Account for Tan Lian Hong) 10th Floor, Plaza OSK Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan (KL). Kenanga Nominees (Tempatan) Sdn Bhd (Pledged Securities Account for Tan Lian Hong) Ground Floor West Wing, Bangunan ECM Libra, 8 Jalan Damansara Endah, 50480 Kuala Lumpur, Wilayah Persekutuan (KL) Tan Lian Hong No. 8 Jalan Impian Perdana 1, Impian Golf Saujana, Kajang, 43000 Selangor Darul Ehsan |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 16/04/2014 | 7,500,000 |
PERISAI - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD
| Company Name | PERISAI PETROLEUM TEKNOLOGI BHD |
| Stock Name | PERISAI |
| Date Announced | 21 Apr 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140421-8694E |
Particulars of substantial Securities Holder
| Name | EMPLOYEES PROVIDENT FUND BOARD |
| Address | TINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | MALAYSIA |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF RM0.10 EACH |
| Name & address of registered holder | CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FD BD (NOMURA) LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG, 50450 KUALA LUMPUR CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FD BD (ARIM) LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG, 50450 KUALA LUMPUR |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 16/04/2014 | 1,000,000 | |
| Acquired | 16/04/2014 | 70,000 |
| 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 21 April 2014. |
OSKVI - GENERAL MEETINGS: OUTCOME OF MEETING
| Company Name | OSK VENTURES INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | OSKVI |
| Date Announced | 21 Apr 2014 |
| Category | General Meetings |
| Reference No | CS-140417-53912 |
| Type of Meeting | AGM |
| Indicator | Outcome of Meeting |
| Date of Meeting | 21/04/2014 |
| Time | 10:00 AM |
| Venue | Auditorium, 11th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur |
| Outcome of Meeting | The Board of Directors of OSK Ventures International Berhad ("OSKVI") wishes to announce that all the resolutions tabled at the Tenth Annual General Meeting ("10th AGM") of the Company held on 21 April 2014 were duly passed by the shareholders including the re-election and re-appointment of Directors as set out in the Notice of 10th AGM. The Board of Directors of OSKVI now comprises the following:- 1. Dato' Nik Mohamed Din Bin Datuk Nik Yusoff - Non-Independent Non-Executive Chairman 2. Tan Sri Ong Leong Huat @ Wong Joo Hwa - Non-Independent Non-Executive Director 3. Mr. Yee Chee Wai - Executive Director/Chief Operating Officer 4. Ms. Ong Yee Min - Executive Director 5. Mr. Leong Keng Yuen - Senior Independent Non-Executive Director 6. Dato' Thanarajasingam Subramaniam - Independent Non-Executive Director 7. Dr. Ngo Get Ping - Independent Non-Executive Director This announcement is dated 21 April 2014. |
OSKVI - Changes in Director's Interest (S135) - Dato' Nik Mohamed Din bin Datuk Nik Yusoff
| Company Name | OSK VENTURES INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | OSKVI |
| Date Announced | 21 Apr 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CS-140418-69112 |
Information Compiled By KLSE
Particulars of Director
| Name | Dato’ Nik Mohamed Din bin Datuk Nik Yusoff |
| Address | No. 48, Taman Hillview, Off Jalan Ulu Kelang, 68000 Ampang, Selangor Darul Ehsan |
| Descriptions(Class & nominal value) | Ordinary Shares of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 50,000 | 0.608 | |
Disposed | 100,000 | 0.622 |
| Circumstances by reason of which change has occurred | Disposal of ordinary shares through open market |
| Nature of interest | Direct |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 2,927,615 |
| Direct (%) | 1.5 |
| Indirect/deemed interest (units) | 0 |
| Indirect/deemed interest (%) | 0 |
| Date of notice | 21/04/2014 |
| Remarks : |
| The above announcement is also made to comply with Rule 14.09 of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements. |
OSKVI - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
| Company Name | OSK VENTURES INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | OSKVI |
| Date Announced | 21 Apr 2014 |
| Category | General Announcement |
| Reference No | CS-140417-65106 |
| Type | Announcement | ||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | ||||||||||||||||||||
| Description | OSK VENTURES INTERNATIONAL BERHAD ("OSKVI" or "the Company") - NOTICE OF INTENTION BY DIRECTOR TO DEAL IN THE COMPANY'S SECURITIES DURING CLOSED PERIOD | ||||||||||||||||||||
Pursuant to Rule 14.08 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to inform that Dato' Nik Mohamed Din bin Datuk Nik Yusoff, the Non-Independent Non-Executive Chairman of OSKVI who is currently holding the following shares in the capital of OSKVI, intends to deal in the securities of OSKVI during the closed period commencing 23 April 2014 pending the announcement of OSKVI's financial results for the first quarter ended 31 March 2014:- Direct Interest Indirect Interest Securities Number % Number % Ordinary Shares of RM0.50 each 2,927,615 1.50% - - Warrants - - - - The announcement is dated 21 April 2014. | |||||||||||||||||||||
KARYON - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | KARYON INDUSTRIES BERHAD (ACE Market) |
| Stock Name | KARYON |
| Date Announced | 21 Apr 2014 |
| Category | General Announcement |
| Reference No | CJ-140417-52993 |
| Type | Announcement | ||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||||
| Description | Notification of dealings by Directors outside closed period pursuant to Rule 14.09 of the ACE Market Listing Requirements | ||||||||||||||||||||
In accordance with Rule 14.09 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, KIB wishes to announcement that it has received a notification dated 21 April 2014 from Mr Yeoh Eng How in respect of his dealing in securities of KIB outside closed period as set out in the table below:
This announcement is dated 21 April 2014. | |||||||||||||||||||||
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