April 28, 2014

Company announcements: OPCOM, OSKVI, ELSOFT, MNC, EXTOL, AIM, TFP, HHHCORP

OPCOM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameOPCOM HOLDINGS BERHAD (ACE Market) 
Stock Name OPCOM  
Date Announced28 Apr 2014  
CategoryGeneral Announcement
Reference NoOH-140423-264

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionNotice of Intention to Deal During Closed Period

This is to notify that the Company has received notification from the following director of the Company that he intends to deal in the securities of the Company during closed period. This notice is made in accordance to Rule 14.08 of Bursa Malaysia Securities Berhad ACE Market Listing Requirements. The current shareholding of the director is as follows:

Name of Director

Total No. of Shares Held

% of Shares Held

Remark

Chhoa Kwang Hua

2,179,100

1.69

Direct

This announcement is dated 28 April 2014.

 



OSKVI - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameOSK VENTURES INTERNATIONAL BERHAD (ACE Market) 
Stock Name OSKVI  
Date Announced28 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140428-36385

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionOSK VENTURES INTERNATIONAL BERHAD ("OSKVI" or "the Company")
- DEALINGS IN SECURITIES OF OSKVI DURING CLOSED PERIOD PURSUANT TO RULE 14.08 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Rule 14.08 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Dato’ Nik Mohamed Din bin Datuk Nik Yusoff, the Non-Independent Non-Executive Chairman of the Company, had given notice of his direct dealings in the securities of OSKVI during closed period, details as set out in the table below:-

Ordinary Shares of RM0.50 each

Date of Transaction

No. of shares acquired/
(disposed)

Percentage

(%)

Price per Share (RM)

25.04.2014

(19,600)*

0.01

0.607

* Disposal of shares through open market

This announcement is dated 28 April 2014.



ELSOFT - OTHERS ELSOFT RESEARCH BERHAD (“ELSOFT” OR “THE COMPANY”) ARTICLE ENTITLED: “ELSOFT SECURES RM25MIL WORTH OF ORDERS

Announcement Type: General Announcement
Company NameELSOFT RESEARCH BERHAD (ACE Market) 
Stock Name ELSOFT  
Date Announced28 Apr 2014  
CategoryGeneral Announcement
Reference NoCC-140428-63867

TypeAnnouncement
SubjectOTHERS
DescriptionELSOFT RESEARCH BERHAD (“ELSOFT” OR “THE COMPANY”)
ARTICLE ENTITLED: “ELSOFT SECURES RM25MIL WORTH OF ORDERS

We refer to the news article published in The Star, StarBiz, Page 2 on Monday, 28 April 2014, entitled “ELSOFT SECURES RM25MIL WORTH OF ORDERS”.

Elsoft would like to state that the Company has secured orders for RM25 mil worth of light-emitting diode (LED) test equipment so far this year and expected to deliver in stages till the third quarter of 2014 instead of second quarter as reported in StarBiz.

This announcement is dated 28 April 2014.



MNC - MNC-Unusual Market Activity ("UMA") query by Bursa Securities

Announcement Type: Listing Circular
Company NameM N C WIRELESS BERHAD (ACE Market) 
Stock Name MNC  
Date Announced28 Apr 2014  
CategoryListing Circular
Reference NoNM-140428-63883

LISTING'S CIRCULAR NO. L/Q : 70420 OF 2014

Bursa Malaysia Securities Berhad has on 28 April 2014 issued an UMA query on MNC for the the sharp fall in share price with high volume of your Company’s shares today.
In this respect, investors are advised to take note of the Company’s reply to the above UMA query which will be posted at Bursa Malaysia’s website under the company announcements, http://announcements.bursamalaysia.com when making their investment decision.

The contents of the UMA query is as follows:-

We draw your attention to the the sharp fall in share price with high volume of your Company’s shares today ("trading activity").

In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with Rule 9.11 of ACE Market Listing Requirements ("LR"):-

1. whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision;

2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Rules 9.09 and 9.10 of the LR;

3. whether you are aware of any other possible explanation to account for the trading activity; and

4. whether you are in compliance with the LR, in particular Rule 9.03 of the LR on immediate disclosure obligations.

Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.



EXTOL - Changes in Sub. S-hldr's Int. (29B) - Swift Icon Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameEXTOL MSC BERHAD (ACE Market) 
Stock Name EXTOL  
Date Announced28 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoEM-140428-4E5F9

Particulars of substantial Securities Holder

NameSwift Icon Sdn Bhd
AddressSuite 10.03, Level 10, The Gardens South Tower,
Mid Valley City, Lingkaran Syed Putra
Kuala Lumpur
NRIC/Passport No/Company No.1080957-P
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderSwift Icon Sdn Bhd
Suite 10.03, Level 10, The Gardens South Tower,
Mid Valley City, Lingkaran Syed Putra
Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/04/2014
1,688,000
 

Circumstances by reason of which change has occurredDisposal Of Share
Nature of interestDirect
Direct (units)37,312,000 
Direct (%)26.85 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change37,312,000
Date of notice25/04/2014

Remarks :
The Company received the Form 29B dated 25 April 2014 from Swift Icon Sdn Bhd on 28 April 2014.


AIM - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameADVANCE INFORMATION MARKETING BERHAD (ACE Market) 
Stock Name AIM  
Date Announced28 Apr 2014  
CategoryGeneral Announcement
Reference NoCK-140428-39583

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionADVANCE INFORMATION MARKETING BERHAD (“THE COMPANY” OR “AIM”)
- MEMORANDUM OF APPEAL SERVED BY HARTONO & LISDAJANDI ON PT.CLS SYSTEM, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY

Further to the Company's announcements made on 26 March 2014 and 25 April 2014, the Board of AIM wishes to inform that the term "APPEAL MEMORY" in the announcements should read as "MEMORANDUM OF APPEAL".



TFP - OTHERS TFP SOLUTIONS BERHAD (“TFP” OR “COMPANY”) – MEMORANDUM OF DEPOSIT AND GUARANTEE & INDEMNITY

Announcement Type: General Announcement
Company NameTFP SOLUTIONS BERHAD (ACE Market) 
Stock Name TFP  
Date Announced28 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140428-57978

TypeAnnouncement
SubjectOTHERS
DescriptionTFP SOLUTIONS BERHAD (“TFP” OR “COMPANY”) – MEMORANDUM OF DEPOSIT AND GUARANTEE & INDEMNITY

PROVISION OF MEMORANDUM OF DEPOSIT AND GUARANTEE & INDEMNITY BY RAPPORTRANS SDN. BHD. AND DATO’ HUSSIAN @ RIZAL BIN A. RAHMAN AS SECURITY IN RESPECT OF DEBTS DUE FROM FINTHER TECHNOLOGICA SDN. BHD., OMBAK ASSOCIATES SDN. BHD. AND LMS TECHNOLOGY DISTRIBUTIONS SDN. BHD. TO COMM ZED SDN. BHD. AND COMM ZED SOLUTION SDN. BHD., BOTH OF WHICH ARE WHOLLY OWNED SUBSIDIARIES OF THE COMPANY

1. INTRODUCTION

The Board of Directors of TFP wishes to announce that:

a) the Company had on 28 April 2014, entered into a Memorandum of Deposit (“MOD”) with Rapportrans Sdn. Bhd. (“Rapportrans” or “Chargor”) and Messrs. Mah-Kamariyah & Philip Koh (“Stakeholder”); and

b) Comm Zed Sdn. Bhd. and Comm Zed Solution Sdn. Bhd., both of which are wholly-owned subsidiaries of TFP, had on 28 April 2014 entered into a Guarantee & Indemnity with Rapportrans and Dato’ Hussian @ Rizal Bin A. Rahman (“Dato Hussian”).

(Rapportrans and Dato Hussian shall collectively be referred to as the “Guarantors”)

2. Background

a) Rapportrans has agreed to charge in favour of the Stakeholder all its rights, title and interest in and to the following securities unto the Stakeholder absolutely as security for the repayment and payment of the debts amounting to RM4,522,026.18 (Ringgit Malaysia: Four Million Five Hundred Twenty-Two Thousand Twenty-Six and cents Eighteen only) (“Debts”) owing by Finther Technologica Sdn. Bhd., Ombak Associates Sdn. Bhd. and LMS Technology Distributions Sdn. Bhd. to Comm Zed Sdn. Bhd. and Comm Zed Solution Sdn. Bhd., both of which are wholly-owned subsidiaries of TFP (“collectively, the Subsidiaries”), upon the terms and conditions of the MOD:-

(1) Ordinary shares and warrants and other securities held by Rapportrans in TFP, including but not limited to any other shares, warrants or other securities in TFP acceptable to the Stakeholder and TFP which are placed with the Stakeholder from time to time (“Placement Shares”). Such Placement Shares shall include all the ordinary shares and/or warrants in TFP which are held (as at the date of the MOD) by Malaysian Trustees Berhad (as trustees/custodian) pursuant to the terms of the Profit Guarantee and Stakeholder’s Agreement dated 12 July 2012 (“PGSA”) and which shall upon the discharge or release or satisfaction of the same in accordance with the terms of the PGSA form part of the securities securing the performance by Rapportrans of its obligations under the MOD;

(2) 23,148,148 warrants in the Stakeholder beneficially owned by Rapportrans (“Warrants”); and

(3) any other shares or securities beneficially owned by TFP which are charged and are the subject of the security created or purported to be created by the MOD, and include all stocks, shares (and the dividends or interest thereon), rights, money or property accruing or offered at any time by way of redemption, bonus, rights, preference, option or otherwise

(collectively referred to as the “Securities”)

b) The Guarantors have agreed that the Debts are to be secured by the Guarantee & Indemnity to guarantee the repayment of the Debts upon the terms and conditions contained in the Guarantee & Indemnity.


3. SALIENT TERMS OF THE MOD

a) The Chargor irrevocably and unconditionally guaranteed as a principal debtor the due and punctual payment of the Subsidiaries to whom such Debts are payable, in the following manner:

(1) Payment of the sum of RM2,000,000.00 by 30 June 2014; and
(2) Payment of balance of RM2,522,026.18 by 30 September 2014.

b) The Guarantors have further irrevocably and unconditionally guaranteed undertake to indemnify the Stakeholder and TFP in full on demand against all losses, costs and expenses, including legal costs on a full indemnity basis, incurred or suffered by the Stakeholder and/or TFP arising from or in consequence of any failure to repay the Debts on or before the aforesaid payment dates.

c) As a continuing security for the payment and discharge of the Debts in the aforesaid manner, the Chargor as registered and beneficial owner charges in favour of the Stakeholder all its rights, title and interest in and to the Securities.

d) The Chargor as beneficial owner assigns absolutely in favour of the Stakeholder, free from all liens, charges, mortgage, pledge, lien, assignment, hypothecation, security interest, title retention, preferential right or trust arrangement or other security arrangement or agreement or any right conferring a priority of payment, all dividends, distributions, interests, bonuses (whether in the form of moneys or shares or otherwise), property or other benefits and any other sum, right, interest or entitlement declared by the Stakeholder in respect of the Securities or accrued upon the Securities or any of them (if any) and includes all stocks, shares (and the dividends or interest thereon), rights, money or property accruing or offered at any time by way of redemption, bonus, rights, preference, option or otherwise (if any) (“Dividends & Distributions”) which may now or hereafter be paid or payable to the Chargor from time to time in respect of the Warrants, as security for the repayment and payment of the Debts.

e) The Chargor shall on the execution of the MOD, deposit or transfer or cause to be deposited or transferred the Securities into any securities account maintained by the Stakeholder or the Stakeholder’s nominee(s) under the Securities Industry (Central Depositories) Act 1991 with a central depository or its nominee company (whether or not such securities account is a pledged securities account as designated under Section 40 of the Securities Industry (Central Depositories) Act 1991).

f) The security constituted by the MOD and any further or other security constituted pursuant thereto shall become enforceable immediately in the event of a breach of or default by the Chargor of any term, covenant, stipulation or undertaking in the MOD on the part of the Chargor to be observed and performed and/or on the occurrence of any default in the repayment of the Debts within the periods stipulated in clause 2(a) of the MOD as notified in writing by TFP to the Stakeholder and includes any event which with the giving of notice or lapse of time or both, and the Stakeholder shall be entitled then, and at any time thereafter, and without prior notice to the Chargor, to sell or otherwise dispose of all or any part of the Securities for such consideration (which may comprise or include shares or debentures), upon such terms and conditions and generally in such manner as the Stakeholder may, in its absolute discretion think fit and the Stakeholder shall not be liable for any loss or damage occasioned by such sale or disposal whatsoever or howsoever arising or for any loss or depreciation in value of any of the Securities arising from or through any cause whatsoever or howsoever arising.

g) Upon payment in full of the Debts and there being no further Debts owing and payable to the Subsidiaries as confirmed in writing by the Subsidiaries to the Stakeholder, the Stakeholder will at the request and cost and expense of the Chargor –

(1) release the Securities then remaining charged under the MOD from the charge hereby created and transfer the same to the Chargor or as the Chargor may direct in writing; and
(2) assign back to the Chargor the rights in respect of the Dividends & Distributions assigned to the Stakeholder.


4. SALIENT TERMS OF GUARANTEE & INDEMNITY

a) The Guarantors irrevocably and unconditionally guarantee as principal debtor the due and punctual payment of the Subsidiaries to whom such Debts are payable, in the following manner:

(1) Payment of the sum of RM2,000,000.00 by 30 June 2014; and
(2) Payment of balance of RM2,522,026.18 by 30 September 2014.

b) The Guarantors further irrevocably and unconditionally undertake to indemnify the Stakeholder in full on demand against all losses, costs and expenses, including legal costs on a full indemnity basis, incurred or suffered by either of the Subsidiaries arising from or in consequence of any failure by the Guarantors to repay the Debts on or before the aforesaid payment dates.


5. RATIONALE OF THE VARIATION

The rationale for TFP to enter into the MOD and the Guarantee & Indemnity respectively is for Rapportrans and/or Dato' Hussian, as the case may be, to guarantee the repayment and payment of the Debts.

6. EFFECTS OF THE MOD

The MOD and Guarantee & Indemnity are not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of the Company for the financial year ending 31 December 2014.


7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST

The provision of the MOD and the Guarantee & Indemnity are deemed to be a related party transaction by virtue of the interests of:

a) Rapportrans, being a major shareholder of TFP and person connected with Dato’ Hussian; and

b) Dato’ Hussian, being a Director of both TFP and Rapportrans, and who is also a substantial shareholder of both TFP and Rapportrans.

Save as disclosed above, none of the Directors and/or major shareholders of the Company and/or any persons connected to them has any interest, direct or indirect, in the MOD and the Guarantee & Indemnity.


8. STATEMENT BY DIRECTORS

The Board of Directors of the Company (save for Dato’ Hussian), after having taken into consideration all aspects of the MOD and the Guarantee & Indemnity, is of the opinion that entering into the MOD and the Guarantee & Indemnity are in the best interest of the Company and its subsidiaries.


9. APPROVALS REQUIRED

The execution of the MOD and the Guarantee & Indemnity are not subject to approval of the shareholders of the Company and any relevant government authorities.


10. DOCUMENT FOR INSPECTION

The MOD and the Guarantee & Indemnity will be made available for inspection at the registered office of the Company at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan during normal business hours from 9:00 a.m. to 5:00 p.m. from Monday to Friday (excluding public holidays) for a period of three (3) months from the date of this announcement.


This announcement is dated 28 April 2014.



HHHCORP - Changes in Director's Interest (S135) - Soo Kit Lin

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameHIAP HUAT HOLDINGS BERHAD (ACE Market) 
Stock Name HHHCORP  
Date Announced28 Apr 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140428-DFBAC

Information Compiled By KLSE

Particulars of Director

NameSoo Kit Lin
AddressNo. 28 Jalan Daun Inai 14
Sunway SPK Kepong
52200 Kuala Lumpur
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
11/04/2014
1,000,000
0.190 
Acquired
15/04/2014
1,200,000
0.187 
Acquired
15/04/2014
100,000
0.190 
Acquired
17/04/2014
150,000
0.185 

Circumstances by reason of which change has occurredPurchase of shares by Mr Chan Ban Hin via open market transactions
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)69,405,460 
Direct (%)20.82 
Indirect/deemed interest (units)66,171,610 
Indirect/deemed interest (%)19.85 
Date of notice28/04/2014

Remarks :
The total percentage of shares purchased by Mr Chan Ban Hin was around 0.74% of the total issued and paid up capital of the Company.


HHHCORP - Changes in Sub. S-hldr's Int. (29B) - Soo Kit Lin

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHIAP HUAT HOLDINGS BERHAD (ACE Market) 
Stock Name HHHCORP  
Date Announced28 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140428-DFBAB

Particulars of substantial Securities Holder

NameSoo Kit Lin
AddressNo. 28 Jalan Daun Inai 14
Sunway SPK Kepong
52200 Kuala Lumpur
NRIC/Passport No/Company No.550121-10-6036
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderSoo Kit Lin
No. 28 Jalan Daun Inai 14
Sunway SPK Kepong
52200 Kuala Lumpur

Chan Ban Hin
A 10-03 Casa Magna Apartment
No. 2, Jalan Prima 10
Metro Prima Kepong
52100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired11/04/2014
1,000,000
0.190 
Acquired15/04/2014
1,200,000
0.187 
Acquired15/04/2014
100,000
0.190 
Acquired17/04/2014
150,000
0.185 

Circumstances by reason of which change has occurredPurchase of shares by Mr Chan Ban Hin via open market transactions
Nature of interestIndirect
Direct (units)69,405,460 
Direct (%)20.82 
Indirect/deemed interest (units)66,171,610 
Indirect/deemed interest (%)19.85 
Total no of securities after change1,355,577,070
Date of notice28/04/2014


HHHCORP - Changes in Sub. S-hldr's Int. (29B) - Chan Ban Hin

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHIAP HUAT HOLDINGS BERHAD (ACE Market) 
Stock Name HHHCORP  
Date Announced28 Apr 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140428-DB36B

Particulars of substantial Securities Holder

NameChan Ban Hin
AddressA 10-03 Casa Magna Apartment
No. 2, Jalan Prima 10
Metro Prima Kepong
52100 Kuala Lumpur
NRIC/Passport No/Company No.540615-71-5043
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderChan Ban Hin
A 10-03 Casa Magna Apartment
No. 2, Jalan Prima 10
Metro Prima Kepong
52100 Kuala Lumpur

Soo Kit Lin
No. 28 Jalan Daun Inai 14
Sunway SPK Kepong
52200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired15/04/2014
100,000
0.190 
Acquired17/04/2014
150,000
0.185 

Circumstances by reason of which change has occurredPurchased of shares via open market transactions
Nature of interestDirect
Direct (units)66,171,610 
Direct (%)19.85 
Indirect/deemed interest (units)69,405,460 
Indirect/deemed interest (%)20.82 
Total no of securities after change135,577,070
Date of notice28/04/2014


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