August 15, 2014

Company announcements: TEXCYCL, N2N, FOCUS, MICROLN, FBMKLCI-EA, CIMBA40, CIMBC25, AMPROP, SYMLIFE, IJMPLNT

TEXCYCL - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameTEX CYCLE TECHNOLOGY (M) BERHAD (ACE Market) 
Stock Name TEXCYCL  
Date Announced15 Aug 2014  
CategoryGeneral Announcement
Reference NoCC-140813-50589

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionTEX CYCLE TECHNOLOGY (M) BERHAD
- WRIT OF SUMMONS(KUALA LUMPUR HIGH COURT CIVIL SUIT NO.22NCC-93-03/2014)

The Board of Directors of Tex Cycle Technology (M) Berhad wishes to announce that TC Chemical Sdn. Bhd.(“TC Chemical”),  a wholly-owned subsidiary company of the Company had on 20 March 2014 filed a writ of summons in the High Court Of Malaya, Kuala Lumpur against Petrozchem Sdn. Bhd.  (PSB) and Petrozchem Oilfield Services Sdn. Bhd. (“POSB”).

TC Chemical sought to claim the outstanding amount as at 27 March 2014 of RM1,220,912 for the supply of “Synthetic Based Mud” to PSB with interest and other damages. PSB had by the Assignment Agreement dated 12 December 2012 transferred the entire business including all assets and liabilities to POSB.

Subsequently, POSB had filed a counter-claim in High Court of Malaya, Kuala Lumpur against TC Chemical for the refund of the amount of RM1,500,000, the partial payment paid to TC Chemical for the supply of “Synthetic Based Mud” including interest and other relevant damages and charges (“the said Counter-Claim”) .

The High Court had fixed 25 August 2014, 26 August 2014 and 27 August 2014 for case management of the said Counter-Claim.

The Company will announce further developments on the above matter in due course.

This announcement is dated 15 August 2014.

 

 

 

 

 

 



N2N - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameN2N CONNECT BERHAD (ACE Market) 
Stock Name N2N  
Date Announced15 Aug 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-140815-3D59B

Date of buy back15/08/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)45,000
Minimum price paid for each share purchased ($$)0.920
Maximum price paid for each share purchased ($$)0.920
Total consideration paid ($$)41,400.00
Number of shares purchased retained in treasury (units)45,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)4,437,700
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)1.0093


FOCUS - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameFOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market) 
Stock Name FOCUS  
Date Announced15 Aug 2014  
CategoryGeneral Announcement
Reference NoCC-140815-54561

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionFOCUS DYNAMICS TECHNOLOGIES BERHAD (“THE COMPANY” OF “FOCUS”)
HIGH COURT OF SHAH ALAM CIVIL SUIT NO. 22-1424-2010 PAN ASIA PUBLICATIONS SDN. BHD. (“PLAINTIFF”) vs. FOCUS DYNAMICS DRIVES SDN. BHD. (“DEFENDANT”)

Reference is made to our announcements of 20 May 2013, 30 May 2013, 18 June 2013, 12 July 2013, 10 September 2013,  26 September 2013, 1 November 2013, 13 December 2013, 27 January 2014, 7 February 2014, 3 April 2014, 30 May 2014 and 16 July 2014 respectively.

 
The Board of Directors of Focus Dynamics Technologies Berhad (“the Company”) wishes to announce that the status of the following litigation case which involved Focus Dynamics Drives Sdn. Bhd. (Company No.555249-D), the wholly-owned subsidiary company of the Company:- 

               

Progress of the litigation cases

 

High Court of Shah Alam,  

Civil Suit No. 22-1424-2010  

Pan Asia Publications Sdn Bhd (“Plaintiff”) vs. Focus Dynamics Drives Sdn Bhd (“Defendant”) (hereinafter referred to the Main Suit”)

 
(a)Trial dates 

 The Trial date for the Main Suit originally set on 2 and 3 April 2014  has been vacated and parties appeared before the Court on 16 July 2014 and thereafter on 15 August 2014 for a final case management.  

(b) Update the case management held on 15 August 2014 

The judge has been informed that the Defendant and its holding company, namely, Focus Dynamics Technologies Berhad have obtained the necessary approval from their shareholders on 8 August 2014 for the Defendant to proceed with the Sale and Purchase Agreement signed with the Plaintiff dated 10 June 2014 (“S&P”). In view of the above, the learned judge has recorded a consent judgement (“the Consent Judgement”) that the S&P entered into between the Plaintiff and Defendant for the sale and purchase of a property bearing the postal address No.2-16 Jalan Subang Utama 8, Taman Perindustrian Subang, Section 22, 40300 Shah Alam, Selangor Darul Ehsan shall proceed in accordance to the terms and conditions of the said S&P and there is  no order as to costs in respect of the Main Suit. The recording of the Consent Judgement before the judge constitutes a full and final settlement of the Main Suit and there shall be no further claim between the parties thereafter. 

This announcement is dated 15 August 2014



MICROLN - Change of Financial Year End

Announcement Type: Change of Financial Year End
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced15 Aug 2014  
CategoryChange of Financial Year End
Reference NoCN-140625-36497

Old financial year end31/12/2014
New financial year end31/03/2015

Remarks :
Pursuant to Section 168 of the Companies Act, 1965, ("CA 1965") any corporation that becomes a subsidiary of the holding company shall take steps to coincide its financial year with the financial year of the holding company within 2 years subsequent to becoming a subsidiary of the holding company. The financial year end of Formis Holdings Bhd, the holding company is 31 March.

The Board of Directors of Microlink Solutions Berhad ("MSB" or "the Company") on 15 August 2014 approved that the Company and its subsidiaries shall change its financial year end from 31 December to 31 March.

Thus, the next set of the financial statements will be made up from 1 January 2014 to 31 March 2015 covering a period of 15 months to comply with Section 168 of the CA 1965.

Thereafter, the financial year end of the Company shall end on 31 March for each subsequent year.


FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameFTSE BURSA MALAYSIA KLCI ETF  
Stock Name FBMKLCI-EA  
Date Announced15 Aug 2014  
CategoryGeneral Announcement
Reference NoFB-140815-896B1

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFTSE Bursa Malaysia KLCI etf - Valuation Point as at 15 August 2014

Fund: FTSE Bursa Malaysia KLCI etf
NAV per unit (RM): 1.9113
Units in circulation (units): 1,672,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,864.31

Attachments

FBM KLCI etf 20140815.xls
31 KB



CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced15 Aug 2014  
CategoryGeneral Announcement
Reference NoOB-140815-60574

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 15-Aug-2014
NAV per unit (RM): 1.7310
Units in circulation (units): 1,350,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 11,545.24

Attachments

A40.pdf
10 KB



CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced15 Aug 2014  
CategoryGeneral Announcement
Reference NoOB-140815-60491

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 15-Aug-2014
NAV per unit (RM): 1.0665
Units in circulation (units): 9,750,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 17,977.17

Attachments

C25.pdf
25 KB



AMPROP - Changes in Director's Interest (S135) - Lee Keen Pong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameAMCORP PROPERTIES BERHAD  
Stock Name AMPROP  
Date Announced15 Aug 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoAP-140815-42879

Information Compiled By KLSE

Particulars of Director

NameLee Keen Pong
Address95 Jalan Kapar
41400 Klang
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)
Acquired
14/08/2014
400,000
 

Circumstances by reason of which change has occurredExercise of options under the Employees' Share Option Scheme ("ESOS") of the Company's Employees' Share Scheme
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)700,000 
Direct (%)0.1194 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice15/08/2014

Remarks :
No. of ordinary shares: 700,000 (direct interest)
No. of ESOS options: 400,000

The notice was received by the Company on 15 August 2014.


SYMLIFE - Circular/Notice to Shareholders

Announcement Type: PDF Submission
Company NameSYMPHONY LIFE BERHAD  
Stock Name SYMLIFE  
Date Announced15 Aug 2014  
CategoryPDF Submission
Reference NoSL-140811-AE90B

SubjectSymphony Life Berhad ("SymLife" or "the Company")
- Statement to Shareholders in relation to the Proposed Renewal of Authority for Purchase of Own Shares by the Company


IJMPLNT - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIJM PLANTATIONS BERHAD  
Stock Name IJMPLNT  
Date Announced15 Aug 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIP-140815-2C75F

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.Not Applicable
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.50 Each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd, Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed12/08/2014
1,000,000
 
Disposed12/08/2014
260,000
 

Circumstances by reason of which change has occurredTransaction of securities
Nature of interestDirect
Direct (units)112,749,862 
Direct (%)13.692 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change112,749,862
Date of notice15/08/2014

Remarks :
Re : Form 29B dated 13 August 2014.


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