May 8, 2014

Company announcements: PALETTE, IRIS, PERISAI, KARYON, GRANFLO, JOBST, IDEAL, SMRT, INNITY

PALETTE - OTHERS Proposed Disposal of 649,999 Ordinary Shares of USD1 each in PT Palette Multimedia (“PT Palette”) representing 99.99% shareholding in PT Palette for a cash consideration of RM1 (“Proposed Disposal”)

Announcement Type: General Announcement
Company NamePALETTE MULTIMEDIA BERHAD (ACE Market) 
Stock Name PALETTE  
Date Announced8 May 2014  
CategoryGeneral Announcement
Reference NoCK-140508-48703

TypeAnnouncement
SubjectOTHERS
DescriptionProposed Disposal of 649,999 Ordinary Shares of USD1 each in PT Palette Multimedia (“PT Palette”) representing 99.99% shareholding in PT Palette for a cash consideration of RM1 (“Proposed Disposal”)

Reference is made to the announcement dated 15 October 2012. The Board of Palette Multimedia Berhad ("Palette" or "the Company") wishes to inform that the approval for the transfer of shares has been obtained from the authority in Indonesia on 7 May 2014.

In connection with the above, the Proposed Disposal has been completed on 7 May 2014 and PT Palette has ceased to be a subsidiary of Palette with effect therefrom.


IRIS - EXECUTION OF A SHAREHOLDERS AGREEMENT AMONGST IRIS CORPORATION BHD (“THE COMPANY” ) AND TWO OTHERS TO FORM A JOINT VENTURE COMPANY FOR THE PROPOSED ACQUISITION OF ASSETS IN FEATHERSTON RESOURCES LIMITED (“FRL”) FOR A TOTAL INVESTMENT AMOUNT OF AUSTRALIAN DOLLARS THIRTEEN MILLION (AUD13,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM39,372,900)

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced8 May 2014  
CategoryGeneral Announcement
Reference NoIC-140508-61709

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDYL-140507-37068
SubjectEXECUTION OF A SHAREHOLDERS AGREEMENT AMONGST IRIS CORPORATION BHD (“THE COMPANY” ) AND TWO OTHERS TO FORM A JOINT VENTURE COMPANY FOR THE PROPOSED ACQUISITION OF ASSETS IN FEATHERSTON RESOURCES LIMITED (“FRL”) FOR A TOTAL INVESTMENT AMOUNT OF AUSTRALIAN DOLLARS THIRTEEN MILLION (AUD13,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM39,372,900)
DescriptionEXECUTION OF A SHAREHOLDERS AGREEMENT AMONGST IRIS CORPORATION BHD (“THE COMPANY” ) AND TWO OTHERS TO FORM A JOINT VENTURE COMPANY FOR THE PROPOSED ACQUISITION OF ASSETS IN FEATHERSTON RESOURCES LIMITED (“FRL”) FOR A TOTAL INVESTMENT AMOUNT OF AUSTRALIAN DOLLARS THIRTEEN MILLION (AUD13,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM39,372,900)
Query Letter Contents We refer to your announcement dated 5 May 2014 in respect of the abovementioned
matter.

In this regard, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. The basis of arriving at the purchase consideration of AUD4.8 million for
the proposed acquisition of the assets in FRL (“Assets of FRL”). If it was
based on net assets, the year the net assets were taken into consideration,
quantifying the net assets and stating whether it was based on audited
financial statement.
2. The manner in which the purchase consideration will be satisfied including
terms of any arrangement for payment on a deferred basis.
3. The particulars of all liabilities, including contingent liabilities and
guarantees to be assumed by the joint venture company, Plaman Resources Limited
(“PRL”) in acquiring the Assets of FRL.
4. The salient features of the Shareholders Agreement.
5. The risks in relation to the proposed acquisition of the Assets of FRL by
PRL.

Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully



TAN YEW ENG
Vice President, Issuers
Listing Division
Regulation

TYE/YLS
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)

EXECUTION OF A SHAREHOLDERS AGREEMENT AMONGST IRIS CORPORATION BHD (“THE COMPANY" ) AND TWO OTHERS TO FORM A JOINT VENTURE COMPANY FOR THE PROPOSED ACQUISITION OF ASSETS IN FEATHERSTON RESOURCES LIMITED (“FRL”) FOR A TOTAL INVESTMENT AMOUNT OF AUSTRALIAN DOLLARS THIRTEEN MILLION (AUD13,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM39,372,900)

Reference made to words in this announcement shall have the same definition as to the Announcement made on 5th May, 2014

With reference to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 7th May, 2014 querying the Company on the Shareholders Agreement amongst IRIS Corporation Bhd (“the Company”) and two others to form a joint venture company for the proposed acquisition of assets in Featherston Resources Limited (“FRL”) for a total investment amount of Australian Dollars Thirteen Million (AUD13,000,000) equivalent to Ringgit Malaysia (RM39,372,900) and after making due enquiry with the Directors, ICB wishes to confirm and respond as follows:-

1.  The Assets of FRL are being acquired out of Voluntary Administration pursuant to a Deed of Company Arrangement and as such the purchase consideration was arrived at as the amount required to pay out existing creditors in full. The Purchase Consideration was not based on net assets.

2.  The Purchase Consideration of AUD4.8 million will be paid in full on satisfaction of the conditions precedent to the Deed of Company Arrangement, namely confirmation that the necessary regulatory approvals have been received.

3.  Since the Assets of FRL are being acquired out of Voluntary Administration, there are no liabilities or guarantees that will be assumed by PLAMAN Resources Limited.

4.  The salient features of the Shareholders Agreement are as follows:

(i) The Shareholders Agreement becomes effective on the completion of the acquisition of the Assets of FRL by PRL.

(ii) The Company will own 70% of PLAMAN Resources Limited, with the remaining 30% owned by Burleigh Nominees on behalf of Asini Investment Corporation Pty Ltd and Heliant Pty Ltd.

(iii) The Company has the right to appoint 2 directors to the board of PRL.

(iv) Certain key decisions such as the decision to raise additional equity or debt capital require the unanimous approval of all shareholders.

(v) The Company has committed AUD$13 million to PRL which will be funded by way of partly paid shares over the 12 month period following completion of the acquisition of Assets of FRL.

(vi) The Shareholders have agreed not to be involved in a similar business or venture while they are shareholders in PRL and for the 12 month period following the date they cease to be a shareholder.

 

5.  The key risk in relation to the proposed acquisition of the Assets of FRL by PRL is that the required New Zealand regulatory approvals are not granted. The Company has protected itself against this risk, since the purchase consideration will not be paid unless the required New Zealand regulatory approvals are received.

 

This announcement is made on 8th May, 2014.


PERISAI - OTHERS LETTER OF AWARD FOR THE PROVISION OF THE JACK UP DRILLING RIG “PERISAI PACIFIC 101” FOR PETRONAS CARIGALI SDN BHD

Announcement Type: General Announcement
Company NamePERISAI PETROLEUM TEKNOLOGI BHD  
Stock Name PERISAI  
Date Announced8 May 2014  
CategoryGeneral Announcement
Reference NoCC-140508-4D5BA

TypeAnnouncement
SubjectOTHERS
DescriptionLETTER OF AWARD FOR THE PROVISION OF THE JACK UP DRILLING RIG “PERISAI PACIFIC 101” FOR PETRONAS CARIGALI SDN BHD

1. INTRODUCTION

The Board of Directors of Perisai Petroleum Teknologi Bhd is pleased to announce that its 51% subsidiary Perisai Offshore Sdn Bhd (“Perisai Offshore”) has secured a Letter of Award (“Award”) from Petronas Carigali Sdn Bhd (“PCSB”) dated 24 April 2014 for the provision of the jack up drilling rig, Perisai Pacific 101.

All conditions relating to the disclosure of the Award has been secured today.

2. DETAILS OF THE AWARD

The Award would require the provision of the Perisai Pacific 101 to PCSB for a duration of 3 years.

The works required under the Award would be fully undertaken and performed by the Company’s wholly owned subsidiary, Perisai Drilling Sdn Bhd and managed by Hercules Offshore, Inc as the drilling operations and maintenance manager of the Perisai Pacific 101.

Actual operations are expected to commence in the middle of 2014 in support of PCSB’s drilling campaign.

As announced on 18 May 2012, the Perisai Pacific 101 is a Pacific Class 400 Jack-up drilling rig with technologically advanced drilling capabilities constructed by PPL Shipyard Pte Ltd . Designed and equipped to drill high pressure and high temperature wells as deep as 30,000 feet, the Perisai Pacific 101 is capable of operating in water depths of up to 400 feet and has full service accommodation for 150 personnel.

3. EFFECTS

The Award will have no effect on the issued and paid up share capital of the Company. It is expected to contribute positively to the Group’s financial position for the financial periods comprised in the duration of the Award.

4. DIRECTORS’ AND MAJOR SHAREHOLDER’S INTEREST

Zainol Izzet Ishak, the Managing Director of the Company, is a director of and holds 49% of Perisai Offshore’s issued and paid up share capital.

Save for that as disclosed above, none of the Directors and/or major shareholders of the Company or persons connected thereto have any interest, direct or indirect, in the Award.

5. COMPANY’S BEST INTEREST

The Directors of Perisai are of the opinion that the Award is in the best interest of the Company.

This announcement is dated 8 May 2014.


KARYON - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameKARYON INDUSTRIES BERHAD  
Stock Name KARYON  
Date Announced8 May 2014  
CategoryGeneral Announcement
Reference NoCJ-140508-59442

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionWRIT OF SUMMONS AND STATEMENT OF CLAIM BY HSING LUNG SDN BHD (“HLSB”), A WHOLLY OWNED SUBSIDIARY OF KARYON INDUSTRIES BERHAD (“KIB”) AGAINST MAHABUILDERS SDN BHD

We refer to our announcements made on 6 June 2008, 19 November 2009, 16 December 2009, 22 March 2010, 10 May 2010, 24 May 2010, 8 June 2010, 12 August 2010, 29 October 2010, 14 December 2010, 21 February 2011, 21 April 2011, 13 May 2011, 26 May 2011, 17 June 2011, 26 July 2011, 2 August 2011, 9 August 2011, 15 August 2011, 24 August 2011, 15 September 2011, 19 December 2011, 11 January 2012, 15 May 2013, 18 June 2013, 25 July 2013 and 19 August 2013 respectively.


Reference is drawn to the abovementioned matter. The Board of Directors of KIB wish to inform that HLSB had on 7 May 2014, through its solicitor, received the Notice of Discontinuance from the Court of Appeal, Putrajaya, which was filed on 14 April 2014 to withdraw the Notice of Appeal against the decision made by the Court on 16 December 2011.

This announcement is dated 8 May 2014.


GRANFLO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameGRAND-FLO BERHAD  
Stock Name GRANFLO  
Date Announced8 May 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-140508-20450

Date of buy back08/05/2014
Description of shares purchasedOrdinary Shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)5,000
Minimum price paid for each share purchased ($$)0.300
Maximum price paid for each share purchased ($$)0.300
Total consideration paid ($$)1,500.00
Number of shares purchased retained in treasury (units)5,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)567,700
Adjusted issued capital after cancellation
(no. of shares) (units)		0 
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)0.174

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

Announcement Type: General Announcement
Company NameJOBSTREET CORPORATION BERHAD  
Stock Name JOBST  
Date Announced8 May 2014  
CategoryGeneral Announcement
Reference NoOD-140508-43498

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionJOBSTREET CORPORATION BERHAD (“JOBSTREET” OR THE “COMPANY”)

PROPOSED ACQUISITION OF THE REMAINING 40.00% EQUITY INTEREST IN JOBSTREET.COM PHILIPPINES, INC (“JSP”) COMPRISING 5,645,600 ORDINARY SHARES OF PHILLIPINES PESO(“PHP”)1.00 EACH IN JSP BY JOBSTREET.COM PTE LTD, A WHOLLY-OWNED SUBSIDIARY OF JOBSTREET FOR A PURCHASE PRICE OF RM120,536,000 TO BE SATISFIED VIA THE ISSUANCE OF 49,400,000 ORDINARY SHARES OF RM0.10 EACH IN JOBSTREET (“JOBSTREET SHARES”) AT AN ISSUE PRICE OF RM2.44 PER JOBSTREET SHARE ("PROPOSED ACQUISITION")

We refer to the prior announcements dated 19 February 2014, 21 February 2014, 21 April 2014 and 29 April 2014 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.

On behalf of the Board of JobStreet, HwangDBS Investment Bank Berhad wishes to announce that JobStreet had, on 8 May 2014, submitted the listing application to Bursa Malaysia Securities Berhad in respect of the listing of and quotation for 49,400,000 new JobStreet Shares pursuant to the Proposed Acquisition.

This announcement is dated 8 May 2014.


IDEAL - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN

Announcement Type: General Announcement
Company NameIDEAL SUN CITY HOLDINGS BERHAD (ACE Market) 
Stock Name IDEAL  
Date Announced8 May 2014  
CategoryGeneral Announcement
Reference NoOS-140508-59294

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
DescriptionIDEAL SUN CITY HOLDINGS BERHAD (“IDEAL” OR THE “COMPANY”)

• BALANCE SHEET RECONSTRUCTION;
• RIGHTS ISSUE WITH WARRANTS;
• EXEMPTION; AND
• PLACEMENT WITH WARRANTS

(COLLECTIVELY REFERRED TO AS “REGULARISATION SCHEME”)

 

For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Company's announcements in relation to the Regularisation Scheme.

 On behalf of the Board of Directors of IDEAL, M&A Securities Sdn Bhd wishes to announce the completion of the Rights Issue with Warrants and Placement with Warrants and, in turn, the Company’s Regularisation Scheme following the listing of and quotation for the following securities on the ACE Market of Bursa Securities on 8 May 2014:

 

 (i) 94,003,200 Rights Shares issued pursuant to the Rights Issue with Warrants;

 

(ii) 47,001,600 Rights Warrants issued pursuant to the Rights Issue with Warrants;

 

(iii) 24,000,000 Placement Shares issued pursuant to the Placement with Warrants; and

 

(iv) 12,000,000 Placement Warrants issued pursuant to the Placement with Warrants.

 

 This announcement is dated 8 May 2014.

 


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

Announcement Type: Financial Results
Company NameIDEAL SUN CITY HOLDINGS BERHAD (ACE Market) 
Stock Name IDEAL  
Date Announced8 May 2014  
CategoryFinancial Results
Reference NoCP-140508-49550

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

ISCHB_1stQtr2014_fs.pdf
22 KB

ISCHB_1stQtr2014_notes.pdf
44 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
2,701
2,388
2,701
2,388
2Profit/(loss) before tax
1,828
1,175
1,828
1,175
3Profit/(loss) for the period
1,768
1,075
1,768
1,075
4Profit/(loss) attributable to ordinary equity holders of the parent
1,768
1,075
1,768
1,075
5Basic earnings/(loss) per share (Subunit)
0.75
0.46
0.75
0.46
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 ($$)
0.0400
0.0300
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

SMRT - Changes in Director's Interest (S135) - Ishak Bin Hashim

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSMRT HOLDINGS BERHAD (ACE Market) 
Stock Name SMRT  
Date Announced8 May 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140508-B7D40

Information Compiled By KLSE

Particulars of Director

NameIshak Bin Hashim
AddressNo 2 Jalan Cemande 11/3D
40000 Shah Alam
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
07/05/2014
30,000
0.515 
Acquired
07/05/2014
20,000
0.520 

Circumstances by reason of which change has occurredAcquisition of Shares
Nature of interestDirect
Consideration (if any)RM25,850.00 

Total no of securities after change

Direct (units)141,110 
Direct (%)0.07 
Indirect/deemed interest (units)0 
Indirect/deemed interest (%)0 
Date of notice08/05/2014

Remarks :
This notice was received on 8 May 2014.

INNITY - Annual Report 2013

Announcement Type: Document Receipt
Company NameINNITY CORPORATION BERHAD (ACE Market) 
Stock Name INNITY  
Date Announced8 May 2014  
CategoryDocument Receipt
Reference NoJM-140508-64367

Annual Report for Financial Year Ended31/12/2013
SubjectAnnual Report 2013

Attachments

INNITY-AnnualReport2013.pdf
5449 KB




IINNITY-Errata.pdf
64 KB





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