May 14, 2014

Company announcements: PTB, JOBST, IDEAL, ETITECH, TDEX, MYEG, KGB

PTB - Circular/Notice to Shareholders

Announcement Type: PDF Submission
Company NamePLASTRADE TECHNOLOGY BERHAD (ACE Market) 
Stock Name PTB  
Date Announced14 May 2014  
CategoryPDF Submission
Reference NoCS-140514-3A1BB

SubjectADDENDUM TO CIRCULAR TO SHAREHOLDERS IN RELATION TO

PART A
PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTION OF A REVENUE OR TRADING NATURE

PART B
PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE TO ENABLE PLASTRADE TECHNOLOGY BERHAD TO PURCHASE UP TO TEN PERCENT (10%) OF ITS ISSUED AND PAID-UP SHARE CAPITAL


JOBST - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameJOBSTREET CORPORATION BERHAD  
Stock Name JOBST  
Date Announced14 May 2014  
CategoryGeneral Meetings
Reference NoOD-140514-58323

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting14/05/2014
Time03:30 PM
VenueDewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur
Outcome of Meeting

JOBSTREET CORPORATION BERHAD (“JOBSTREET” OR THE “COMPANY”)

(I) PROPOSED ACQUISITION;

(II) PROPOSED DISPOSALS; AND

(III) PROPOSED DISTRIBUTION

(COLLECTIVELY THE “PROPOSALS”)

We refer to the prior announcements dated 19 February 2014 in relation to the Proposals (“Initial Announcements”). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said Initial Announcements in relation to the Proposals.

HwangDBS, on behalf of the Board, is pleased to announce that the resolutions as per the Notice of the Extraordinary General Meeting (“EGM”) dated 29 April 2014 were duly passed at the EGM of the Company by the shareholders.

The voting on Resolutions 1, 2 and 3, as set out in the Notice of EGM dated 29 April 2014, was conducted by way of poll and the results are as follows:

FOR

AGAINST

TOTAL

No. of shares

%

No. of shares

%

No. of shares

%

Ordinary Resolution 1 – Proposed Acquisition of JobStreet.com Philippines, Inc

344,189,584

99.57

1,474,300

0.43

345,663,884

100.00

Ordinary Resolution 2 – Proposed Disposals

344,189,584

99.57

1,474,300

0.43

345,663,884

100.00

Ordinary Resolution 3 – Proposed Distribution

344,189,584

99.57

1,474,300

0.43

345,663,884

100.00

This announcement is dated 14 May 2014.




IDEAL - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameIDEAL SUN CITY HOLDINGS BERHAD (ACE Market) 
Stock Name IDEAL  
Date Announced14 May 2014  
CategoryGeneral Announcement
Reference NoOS-140514-54985

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionIDEAL SUN CITY HOLDINGS BERHAD (“IDEAL” OR “COMPANY”)

PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED RRPT”)

M&A Securities Sdn Bhd on behalf of the Board of Directors of IDEAL wishes to announce that the Company intends to seek the shareholders' approval for the Proposed RRPT at the forthcoming annual general meeting ("AGM") of IDEAL.

 

The Proposed Shareholders' Mandate for RRPTs, if approved by the shareholders at the AGM, will enable IDEAL and its subsidiaries to enter into the RRPTs with the related parties which are necessary for IDEAL’s day to day operations. The RRPTs are in the ordinary course of business, made at arm's length, on normal commercial terms and on terms not more favourable to the related parties than those generally available to the public and are not detrimental to minority shareholders.

A circular containing the details of the said Proposals will be sent to the shareholders of IDEAL in due course.

 

This announcement is dated 14 May 2014.



ETITECH - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameETI TECH CORPORATION BERHAD  
Stock Name ETITECH  
Date Announced14 May 2014  
CategoryGeneral Announcement
Reference NoMM-140514-54803

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionETI TECH CORPORATION BERHAD (“ETI TECH” OR “COMPANY”)

PRIVATE PLACEMENT OF UP TO 70,627,200 NEW ORDINARY SHARES OF RM0.10 EACH IN ETI TECH (“ETI TECH SHARE(S)” OR “SHARE(S)”) (“PLACEMENT SHARES”), REPRESENTING UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (“PRIVATE PLACEMENT”)

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the earlier announcements, where applicable, unless stated otherwise or defined herein.)

Reference is made to the announcements dated 18 February 2014, 25 February 2014, 17 April 2014 and 6 May 2014 in relation to the Private Placement.

On behalf of the Board of Directors of ETI Tech (“Board”), Public Investment Bank Berhad wishes to announce that the Board has on Wednesday, 14 May 2014 (“Price-fixing Date”) fixed the issue price of the 70,627,200 Placement Shares, at RM0.10 per Placement Share (“Issue Price”).

The Issue Price represents a discount of approximately 7.41% to the five (5)-day volume weighted average market price of ETI Tech Shares up to and including 12 May 2014, being the market day immediately preceding to the Price-fixing Date, of RM0.1080 per ETI Tech Share.

This announcement is dated 14 May 2014.



TDEX - TECHNODEX BHD (“TDEX” OR THE “COMPANY”) HEADS OF AGREEMENT BETWEEN TDEX, CHONG ENG YEAU AND PANG KIM HUAY IN RELATION TO THE PROPOSED INVESTMENT OF 55% EQUITY INTEREST IN ZEAL SYSTEMS (M) SDN. BHD., MYZSM SDN. BHD. AND E-TECH IT SOLUTION PTE. LTD. (“PROPOSED SUBSCRIPTION”)

Announcement Type: General Announcement
Company NameTECHNODEX BHD (ACE Market) 
Stock Name TDEX  
Date Announced14 May 2014  
CategoryGeneral Announcement
Reference NoOS-140514-59620

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-140509-51908
SubjectTECHNODEX BHD (“TDEX” OR THE “COMPANY”)

HEADS OF AGREEMENT BETWEEN TDEX, CHONG ENG YEAU AND PANG KIM HUAY IN RELATION TO THE PROPOSED INVESTMENT OF 55% EQUITY INTEREST IN ZEAL SYSTEMS (M) SDN. BHD., MYZSM SDN. BHD. AND E-TECH IT SOLUTION PTE. LTD. (“PROPOSED SUBSCRIPTION”)
DescriptionTECHNODEX BHD (“TDEX” OR THE “COMPANY”)

HEADS OF AGREEMENT BETWEEN TDEX, CHONG ENG YEAU AND PANG KIM HUAY IN RELATION TO THE PROPOSED INVESTMENT OF 55% EQUITY INTEREST IN ZEAL SYSTEMS (M) SDN. BHD., MYZSM SDN. BHD. AND E-TECH IT SOLUTION PTE. LTD. (“PROPOSED SUBSCRIPTION”)
Query Letter Contents We refer to your Company's announcement dated 7 May 2014 in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-
1. Names of the Vendors.
2. Prospects of Zeal Systems (M) Sdn Bhd, MYZM Sdn Bhd and E-Tech IT Solution
Pte Ltd respectively.
3. Risks of the Proposed Subscription.
4. Estimated time frame for completion of the Proposed Subscription.

Please 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/NMA

copy to:-General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax)

We refer to the announcement dated 7 May 2014 (“Announcement”) and Bursa Malaysia Securities Berhad’s (“Bursa Securities”) query dated 9 May 2014 (which was received on 12 May 2014) (“Query”) in relation to the Proposed Subscription.

Unless otherwise stated, defined terms used in this announcement shall carry the same meanings as defined in the Announcement.

On behalf of the Board of Directors of TDEX (“Board”), TA Securities Holdings Berhad wishes to announce the following additional information pursuant to the Query:-

1. Names of the Vendors

The vendor for 99.33% of Zeal is Pang Kim Huay and the vendors for 100% of MYZSM are Chong Eng Yeau and Pang Kim Huay. The vendor of E-Tech is Chong Eng Yeau who shall transfer or procure the transfer of the entire issued and paid up share capital of E-Tech to the SPV pursuant to the Proposed Restructuring of Companies. The shareholding structures of the Target Companies are tabulated in Sections 3.1 to 3.3 of the Announcement respectively.

2. Prospects of Zeal Systems (M) Sdn Bhd, MYZSM Sdn Bhd and E-Tech IT Solution Pte Ltd (“Target Companies”) respectively

The Malaysian economy is expected to remain on a steady growth path in 2014 and is envisaged to expand by 4.5%-5.5% (2013: 4.7%) (Source: Bank Negara Malaysia, Annual Report 2013). The positive domestic economy outlook is expected to substantiate the overall prospects of retail businesses as disposable income increases in tandem with the growing economy.

Zeal specialises in the provision of full range POS models and peripherals and is the authorised sole distributor of point-of-sales (“POS”) by IBM and Toshiba in Malaysia. The clientele base of Zeal includes some multinational conglomerates which are well known in the domestic retail market. On the other hand, E-Tech is the authorised distributor of POS products in Singapore by IBM and Toshiba

MYZSM houses a call centre that provides services (ie. provision of retail solutions, support and maintenance services) to customers in both Singapore and Malaysia. The TDEX Group is expected to derive recurring income via the after-sales and maintenances services of POS system installed by Zeal, which is carried out by MYZSM.

Based on the above, the Board is of the view that the demand for POS is expected to be positive as it will be principally driven by new or existing retailers to install or upgrade their POS system, the envisaged growth in consumer spending and number of retailer outlets which is expected to present growth opportunities for POS market players.

Following the Proposed Subscription, the Board expects the enlarged group to secure additional distributorship for other countries in the ASEAN region by tapping into the expertise of the Target Companies. In addition, the enlarged group will be able to work closely to explore new business areas that may potentially enhance the Company’s existing business portfolio.

3. Risks of the Proposed Subscription

The following are risk factors that may arise from or associated with the Proposed Subscription:-

(a) Business Risk

The Proposed Subscription will expose the Company to risks specific to the Information and Communication Technology (“ICT”) industry, which include but not limited to, supply and demand for ICT related services and products such as retail solutions, products and equipments, consumers’ sentiments of which it will address as part of its ordinary course of business, as well as normal economic and financial risks.

(b) Non-fulfilment of conditions precedent

The Proposed Subscription is conditional upon the execution of the Definitive Agreement and the conditions precedent as set out in Section 4.2 of the Announcement. In the event that any of the conditions precedent is not fulfilled, the Proposed Subscription will not take place. The Board will endeavour to take all reasonable steps to complete the Proposed Subscription.

(c) Foreign exchange risk

Fluctuations in the exchange rate between the Singapore Dollar and Malaysian Ringgit may affect the profitability of the TDEX Group. The Company will explore various options, including but not limited to, the use of certain financial instruments for hedging purpose in future and/or to match income with expenditures that are both denominated in the same currency. The Board is not aware of any adverse developments in Singapore that would materially deteriorate the Company’s investment interest in the SPV.

4. Estimated time frame for completion of the Proposed Subscription.

The Board will endeavour to take all reasonable steps to complete the Proposed Subscription by the third quarter of 2014.

This announcement is dated 14 May 2014.



MYEG - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameMY E.G. SERVICES BERHAD  
Stock Name MYEG  
Date Announced14 May 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-140508-29041

Date of buy back from02/05/2014
Date of buy back to05/05/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)75,000
Minimum price paid for each share purchased ($$)2.660
Maximum price paid for each share purchased ($$)2.660
Total amount paid for shares purchased ($$)199,500.00
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)75,000
Total number of shares retained in treasury (units)10,881,400
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies14/05/2014
Lodged by Boardroom Corporate Services (KL) Sdn Bhd


MYEG - Changes in Sub. S-hldr's Int. (29B) - Utilico Emerging Markets Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMY E.G. SERVICES BERHAD  
Stock Name MYEG  
Date Announced14 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140514-51603

Particulars of substantial Securities Holder

NameUtilico Emerging Markets Limited
AddressTrinity Hall, 43 Cedar Avenue,
Hamilton HM 12,
Bermuda
NRIC/Passport No/Company No.36941
Nationality/Country of incorporationBermuda
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderJP Morgan Chase Bank, N.A.
2 Leboh Ampang,
50100 Kuala Lumpur
Malaysia
W051546

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed12/05/2014
1,000,000
 

Circumstances by reason of which change has occurredDisposal of 1,000,000 shares
Nature of interestDirect
Direct (units)45,659,200 
Direct (%)7.737 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change45,659,200
Date of notice13/05/2014

Remarks :
The percentage of direct interest excludes 10,881,400 ordinary shares of RM0.10 each bought back by the Company and retained as treasury shares.


KGB - Changes in Director's Interest (S135) - Ong Weng Leong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKELINGTON GROUP BERHAD  
Stock Name KGB  
Date Announced14 May 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCA-140506-65CE6

Information Compiled By KLSE

Particulars of Director

NameOng Weng Leong
Address26 Jalan SS 2/69
47300 Petaling Jaya
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)
Others
09/05/2014
292,000
 

Description of other type of transactionExercise of Options under Employees' Share Option Scheme
Circumstances by reason of which change has occurred
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)584,000 
Direct (%)0.36 
Indirect/deemed interest (units)75,157,718 
Indirect/deemed interest (%)46.47 
Date of notice14/05/2014

Remarks :
Direct Interest- Exercise of 292,000 options under Employees' Share Option Scheme.
Indirect Interest- Deemed interested under Section 6A of the Companies Act, 1965 by virtue of his direct interest in Palace Star Sdn. Bhd.


KGB - Changes in Director's Interest (S135) - Gan Hung Keng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKELINGTON GROUP BERHAD  
Stock Name KGB  
Date Announced14 May 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCA-140506-53662

Information Compiled By KLSE

Particulars of Director

NameGan Hung Keng
Address38 Jalan BK 6A/2, Bandar Kinrara
47180 Puchong
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)
Others
09/05/2014
292,000
 

Description of other type of transactionExercise of Options under Employees' Share Option Scheme
Circumstances by reason of which change has occurred
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)584,000 
Direct (%)0.36 
Indirect/deemed interest (units)75,157,718 
Indirect/deemed interest (%)46.47 
Date of notice14/05/2014

Remarks :
Direct Interest- Exercise of 292,000 options under Employees' Share Option Scheme.
Indirect Interest- Deemed interested under Section 6A of the Companies Act, 1965 by virtue of his direct interest in Palace Star Sdn. Bhd.


KGB - Changes in Sub. S-hldr's Int. (29B) - Ong Weng Leong

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKELINGTON GROUP BERHAD  
Stock Name KGB  
Date Announced14 May 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140506-5C3A8

Particulars of substantial Securities Holder

NameOng Weng Leong
Address26 Jalan SS 2/69
47300 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.680715-08-5987
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderOng Weng Leong
26 Jalan SS 2/69
47300 Petaling Jaya
Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others09/05/2014
292,000
 

Description of other type of transactionExercise of Options pursuant to Employees' Share Option Scheme.
Circumstances by reason of which change has occurredExercise of Options pursuant to Employees' Share Option Scheme.
Nature of interestDirect Interest
Direct (units)584,000 
Direct (%)0.36 
Indirect/deemed interest (units)75,157,718 
Indirect/deemed interest (%)46.47 
Total no of securities after change75,741,718
Date of notice14/05/2014

Remarks :
Direct Interest- Exercise of 292,000 options under Employees' Share Option Scheme.
Indirect Interest- Deemed interested under Section 6A of the Companies Act, 1965 by virtue of his direct interest in Palace Star Sdn. Bhd.


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