May 30, 2014

Company announcements: ELSOFT, NEXGRAM, CONNECT, GENETEC, MICROLN, DGSB, UTOPIA, TFP, IDMENSN

ELSOFT - OTHERS ELSOFT RESEARCH BERHAD (“ELSOFT” OR THE “COMPANY”) (I)PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF ELSOFT FROM THE ACE MARKET TO THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD; AND (II)PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY; (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

Announcement Type: General Announcement
Company NameELSOFT RESEARCH BERHAD (ACE Market) 
Stock Name ELSOFT  
Date Announced30 May 2014  
CategoryGeneral Announcement
Reference NoMI-140530-54007

TypeAnnouncement
SubjectOTHERS
DescriptionELSOFT RESEARCH BERHAD (“ELSOFT” OR THE “COMPANY”)

(I)PROPOSED TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF ELSOFT FROM THE ACE MARKET TO THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD; AND

(II)PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF THE COMPANY;

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
On behalf of the Board of Directors of Elsoft, Kenanga Investment Bank Berhad wishes to announce that the Company is proposing to undertake the abovementioned Proposals.
Please refer to the attachment for further details on the Proposals.

This announcement is dated 30 May 2014.


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

Announcement Type: General Announcement
Company NameNEXGRAM HOLDINGS BERHAD (ACE Market) 
Stock Name NEXGRAM  
Date Announced30 May 2014  
CategoryGeneral Announcement
Reference NoMI-140530-51603

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionNEXGRAM HOLDINGS BERHAD (“NEXGRAM” OR THE “COMPANY”)
(FORMERLY KNOWN AS NEXTNATION COMMUNICATION BERHAD)

PROPOSED ACQUISITION OF 70% EQUITY INTEREST IN SENSORLINK HOLDINGS SDN BHD FOR A PURCHASE CONSIDERATION OF RM28,600,000 (SUBJECT TO ADJUSTMENT AS SET OUT IN THE SHARE SALE AGREEMENT) TO BE SATISFIED ENTIRELY VIA ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN NEXGRAM (“PROPOSED ACQUISITION”)

We refer to the announcement in relation to the Proposed Acquisition dated 30 April 2014 (“Announcement”). Unless otherwise stated, words and expressions used in this announcement shall have the same meaning as those attributed to them in the Announcement.

AFFIN Investment, on behalf of the Board of Directors of Nexgram, wishes to announce that following the completion of the legal and financial due diligence conducted on the Sensorlink Group and the valuation on the Sale Shares, Nexgram had on 30 May 2014 confirmed in writing that the results of the legal and financial due diligence, and the valuation on the Sale Shares are satisfactory to Nexgram. Based on the findings of the legal and financial due diligence, the following matters were noted:

(i) Sensormax, a 49%-owned company of Sensorlink, is to be recognised as an associated company of Sensorlink, instead of a subsidiary of Sensorlink as previously stated in the Announcement; and

(ii) the conversion of personal guarantee from the Vendors to corporate guarantee under Nexgram shall be up to a limit of RM15.00 million only, instead of up to RM14.00 million as previously stated in the Announcement.

Accordingly, Nexgram and the Vendors had on 30 May 2014 entered into a supplemental share sale agreement (“Supplemental SSA”) and a supplemental profit guarantee agreement (“Supplemental Profit Guarantee Agreement”) to vary the terms and conditions of the SSA and Profit Guarantee Agreement, respectively to reflect the above matters.

In addition, AFFIN Investment wishes to announce that the additional listing application in respect of the listing of and quotation for the Payment Shares has been submitted to Bursa Securities on 30 May 2014.

Please refer to the attachment for the salient terms of the Supplemental SSA and Supplemental Profit Guarantee Agreement, and the revised proforma effects of the Proposed Acquisition on the audited consolidated NA and gearing of Nexgram.

This announcement is dated 30 May 2014.



CONNECT - Quarterly rpt on consolidated results for the financial period ended 31/3/2014

Announcement Type: Financial Results
Company NameCONNECTCOUNTY HOLDINGS BERHAD (ACE Market) 
Stock Name CONNECT  
Date Announced30 May 2014  
CategoryFinancial Results
Reference NoC&-140527-55006

Regularisation SponsorM&A Securities Sdn Bhd
SponsorSame as above
Financial Year End31/12/2014
Quarter1
Quarterly report for the financial period ended31/03/2014
The figureshave not been audited

Attachments

CCHB - 1ST QRT 2014.pdf
3394 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2014
31/03/2013
31/03/2014
31/03/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
12,546
13,396
12,546
13,396
2Profit/(loss) before tax
25
-404
25
-404
3Profit/(loss) for the period
22
-487
22
-487
4Profit/(loss) attributable to ordinary equity holders of the parent
154
-487
154
-487
5Basic earnings/(loss) per share (Subunit)
0.09
-0.31
0.09
-0.31
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.0800
0.0800
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


GENETEC - Quarterly rpt on consolidated results for the financial period ended 31/3/2014

Announcement Type: Financial Results
Company NameGENETEC TECHNOLOGY BERHAD (ACE Market) 
Stock Name GENETEC  
Date Announced30 May 2014  
CategoryFinancial Results
Reference NoGT-140529-35654

Financial Year End31/03/2014
Quarter4
Quarterly report for the financial period ended31/03/2014
The figureshave not been audited

Attachments

GT Group Consol_Q4 2014.pdf
127 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2014
31/03/2013
31/03/2014
31/03/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
18,777
14,488
116,213
123,112
2Profit/(loss) before tax
-3,288
-19,176
-830
-8,159
3Profit/(loss) for the period
2,143
-34,327
4,911
-32,093
4Profit/(loss) attributable to ordinary equity holders of the parent
3,094
-29,823
7,004
-25,920
5Basic earnings/(loss) per share (Subunit)
0.88
-8.48
1.99
-7.37
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.1500
0.1300
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


GENETEC - OTHERS NEW ORDERS SECURED BY GENETEC TECHNOLOGY BERHAD

Announcement Type: General Announcement
Company NameGENETEC TECHNOLOGY BERHAD (ACE Market) 
Stock Name GENETEC  
Date Announced30 May 2014  
CategoryGeneral Announcement
Reference NoGT-140527-35516

TypeAnnouncement
SubjectOTHERS
DescriptionNEW ORDERS SECURED BY GENETEC TECHNOLOGY BERHAD

Introduction

Genetec Technology Berhad (“Genetec” or “the Company”) is pleased to announce that the Group has secured new orders worth RM28.7 million.

 

The new secured orders are from the existing clients who are global players in the following industries:

 

 

Industry

Amount (RM Mil)

1

Electronics, Semiconductor and Hard Disk Drive

23.2

2

Automotive

 5.2

3

Others (i.e. Pharmaceutical & etc.)

 0.3

 

Total

28.7

 

Directors’ and major shareholders’ interest

None of the directors or major shareholders of Genetec, or any persons connected to them, has any direct or indirect interest in the above secured orders.

 

Effects of the secured orders

The secured orders are expected to contribute positively to Genetec’s earnings for the financial year ending 31 March 2015.

 

The secured orders are not expected to have any material effect on the net assets per share of the Company for the financial year ending 31 March 2015.

 

Additional information

The tenure of the contracts normally range from three to nine months depending on the size of order and scope of work.

 

The contracts are on project basis and we do not foresee any risk pertaining to new secured orders.

 

This announcement is dated 30 May 2014.


MICROLN - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced30 May 2014  
CategoryChange Of Company Secretary
Reference NoCN-140529-39194

Date of change02/06/2014
Type of changeAppointment
DesignationJoint Secretary
License no.MAICSA No. 7020575
NameNG KAM MAY
Working experience and occupation during past 5 years


DGSB - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameDIVERSIFIED GATEWAY SOLUTIONS BERHAD (ACE Market) 
Stock Name DGSB  
Date Announced30 May 2014  
CategoryChange Of Company Secretary
Reference NoDG-140529-40691

Date of change02/06/2014
Type of changeAppointment
DesignationJoint Secretary
License no.MAICSA No. 7020575
NameNG KAM MAY
Working experience and occupation during past 5 years


UTOPIA - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name1 UTOPIA BERHAD (ACE Market) 
Stock Name UTOPIA  
Date Announced30 May 2014  
CategoryChange in Boardroom
Reference NoCC-140529-42868

Date of change30/05/2014
NameLeong Seng Wui
Age34
NationalityMalaysian
Type of changeAppointment
DesignationExecutive Director
DirectorateExecutive
QualificationsPlease refer to "Remarks" below 
Working experience and occupation Please refer to "Remarks" below 
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 

Remarks :
Mr. Leong Seng Wui has been an entrepreneur in the ICT industry for over 13 years. He started off in the ICT retail sector after he graduated in IT studies from Binary Business School and was one of the pioneer technopreneur in Malaysia starting out on his own. In his own setup, he was focusing on the telco and mobile retailing industry. A driven individual, he was instrumental in driving his company to be awarded the prestigious Golden Bull award (top 100 SME) by Alliance Bank and Nanyang Siang Pau, the notable PIKOM ICT Retailer of the year award, Dopod Retailer of the year, O2 Retailer of the year, Dopod Top 10 Retailer of Asia Pacific under his leadership.

Thereafter, in 2009 he was asked to join and lead the distribution unit of an ICT distributor of ICT products including notebooks, netbooks, tablet and mobile/telco products to penetrate channels in Malaysia. He successfully led this company to greater expansion and market share. He can be credited with the fast expansion of this distribution company which resulted in the successful acquisition of the said company by another listed group.

After the successful acquisition of the distribution company that he helped to grow, he seeked a new challenge and in 2011, he joined the 1 Utopia Berhad Group as Marketing Manager in ICT Utopia Sdn. Bhd. to grow the brand as well as to assist with the creative aspect in the event and retail management. At the same time, due to his vast experience in the ICT product market and channel aspect, he advises and assists in the ICT products segment of the 1 Utopia Berhad Group.

On 12 September 2012, Mr Leong has been appointed as the Group Chief Operating Officer, tasked with heading and growing the entire operations of the 1 Utopia group.


TFP - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameTFP SOLUTIONS BERHAD (ACE Market) 
Stock Name TFP  
Date Announced30 May 2014  
CategoryGeneral Meetings
Reference NoCS-140528-54754

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionSEVENTH ANNUAL GENERAL MEETING
Date of Meeting24/06/2014
Time10:00 AM
VenueBukit Jalil Golf & Country Resort, Jalan 3/155B, Bukit Jalil, 57000 Kuala Lumpur, Wilayah Persekutuan
Date of General Meeting Record of Depositors17/06/2014

Attachments

Notice of AGM.pdf
175 KB



IDMENSN - GENERAL MEETINGS: NOTICE OF MEETING (Amended Announcement)

Announcement Type: General Meetings
Company NameIDIMENSION CONSOLIDATED BHD (ACE Market) 
Stock Name IDMENSN  
Date Announced30 May 2014  
CategoryGeneral Meetings
Reference NoCM-140529-66098

Admission SponsorRHB Investment Bank Bhd
SponsorSame as above
Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionAddendum to Notice of Fourth Annual General Meeting
Date of Meeting20/06/2014
Time03:00 PM
VenueNilai Springs Resort, PT 47700, Nilai Springs, 71800 Putra Nilai, Negeri Sembilan Darul Khusus
Date of General Meeting Record of Depositors13/06/2014

Attachments

iCB - addendum (final).pdf
17 KB



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