September 11, 2014

Company announcements: IRIS, GHLSYS, EFFICEN, ETITECH, HHHCORP, IDMENSN, FBMKLCI-EA

IRIS - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced11 Sept 2014  
CategoryGeneral Announcement
Reference NoIC-140911-63351

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionMEMORANDUM OF AGREEMENT (“MOA”) AMONGST IRIS LAND (PNG) LIMITED, JAYACORP HOLDINGS LTD AND THE CENTRAL PROVINCIAL GOVERNMENT OF FREE MAIL BAG, KONEDOBU, NCD, PAPUA NEW GUINEA DATED 10TH SEPTEMBER, 2014

MEMORANDUM OF AGREEMENT (“MOA”) AMONGST IRIS LAND (PNG) LIMITED, JAYACORP HOLDINGS LTD AND THE CENTRAL PROVINCIAL GOVERNMENT OF FREE MAIL BAG, KONEDOBU, NCD, PAPUA NEW GUINEA DATED 10TH SEPTEMBER, 2014.

___________________________________________________________________________________________________________________________________________________________________

 

1. INTRODUCTION

The Board of Directors of IRIS Corporation Berhad (“the Company”/ “ICB”) wishes to announce that its subsidiary, IRIS Land (PNG) Limited (“ILPNG”), a company incorporated in Papua New Guinea,  had on 10th  September 2014 entered into a Memorandum of Agreement (“MOA”) with The Central Provincial Government Of Free Mail Bag, Konedobu NCD, Papua New Guinea (“CPG”), and its local partner named Jayacorp Holdings Ltd  (“Jayacorp”),  in relation to the establishment of a joint venture company for the purpose of developing a “Satellite Township” on land measuring approximately 303.76 hectares  (“Development Land”) in the Granville Province of Papua New Guinea. (“Project”).

 

2. SALIENT TERMS OF THE MOA

The MOA is a joint collaboration by the parties to establish a joint venture company wherein ILPNG shall bring into the joint venture company (“JVCo”) its expertise and skills in building and constructing housing and commercial buildings using the IRIS-Koto Industrial Building System (“IRIS-Koto IBS”) to establish a Satellite Township that shall house all amenities including a state of the art secondary school, state of the art technical college, thirty (30) houses measuring 100 square meters each for the benefit of CPG and offering educational scholarships to twenty (20) qualified CPG students per year for a term of 10 years to pursue tertiary education in a university nominated by ILPNG . ILPNG under this MOA agrees to guarantee the funds required for the implementation of the Project.

 

CPG in turn shall transfer the titles to the Development Land held under its investment company into the JVCo  free of all encumbrances and with valid leases for 99 years.  Upon the completion of the Project, the Town Council Authority shall remain the responsibility of CPG.

 

Jayacorp as the joint developer shall facilitate the procurement of all licenses, permits, approvals, consents and undertake all necessary regulatory and administrative works to successfully implement the Project pursuant to the requirements of CPG.

 

Parties have herein agreed that the JVCo shall be incorporated in Papua New Guinea based on an equity shareholding structure of CPG Investment Company holding 23%, Jayacorp 26% and ILPNG 51%. The details of the terms and conditions that govern the shareholding of the JVCo shall be set forth in a Shareholder Agreement to be prepared hereinafter.

 

4. RATIONALE OF THE MOA

The Company having established its mark in its present housing development project in Gerehu, Port Moresby using the IRIS-Koto IBS is positive that it can contribute towards cultivating and ensuring the growth of a productive, healthy and economically sustainable society in PNG in line with the PNG Government’s aspiration and at the same time generate a profitable business for the Company.

 5. COST OF IMPLEMENTATION

The estimated cost of implementation of the Project shall be subject to the terms and conditions of formal contracts to be executed by the Parties at a later date.

6. RISK FACTORS 

Like all business entities, risk factors affecting the include but not limited to execution risks such as business expansion, prudent financial management, changes in price materials, changes in political, economic and regulatory conditions.

The Board of Directors of ICB has and will continue to exercise due care in considering the risks and benefits associated with this MOA in a foreign jurisdiction and will take appropriate measures in planning the successful implementation of the MOA with its current business operations. Further, ICB Group is committed towards the close monitoring of the development of this Project.

7. FINANCIAL EFFECTS ON THE MOA

Barring any unforeseen circumstances, the Board is of the opinion that the successful implementation of the Project under this MOA will contribute positively to the earnings of the ICB Group in the future.

8. APPROVALS REQUIRED

The MOA does not require the approval of ICB shareholders or any relevant government authorities.

9. DIRECTORS’ AND MAJOR SHAREHOLDER’S INTERESTS

To this date hereof none of the directors, major shareholders, and persons connected with directors or major shareholders of the Company or any of its subsidiaries have any interest, direct or indirect, in the MOA.

10. STATEMENT BY DIRECTORS

The Board of Directors of ICB, having considered all aspects of the MOA and is of the opinion that the MOA is in the best interest of the ICB Group.

 

This announcement is dated 11th September 2014.

 

 



GHLSYS - Changes in Director's Interest (S135) - Ng King Kau

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGHL SYSTEMS BERHAD  
Stock Name GHLSYS  
Date Announced11 Sept 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-140911-41379

Information Compiled By KLSE

Particulars of Director

NameNg King Kau
AddressNo. 7, Persiaran Damansara Endah
Damansara Heights
50490 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary Shares of RM0.20 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
10/09/2014
365,000
1.130 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect
Consideration (if any)RM412,450.00 

Total no of securities after change

Direct (units)734,300 
Direct (%)0.17 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice11/09/2014


EFFICEN - Changes in Director's Interest (S135) - SOON YOKE LENG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameEFFICIENT E-SOLUTIONS BERHAD  
Stock Name EFFICEN  
Date Announced11 Sept 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCM-140911-37138

Information Compiled By KLSE

Particulars of Director

NameSOON YOKE LENG
AddressA-7-3A Apollo Tower
Mont' Kiara Pelangi
No. 1 Jalan Kiara 1, Mont' Kiara
50480 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)
Disposed
08/09/2014
500,000
0.325 

Circumstances by reason of which change has occurredDisposal of 500,000 shares in open market
Nature of interestDirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)3,500,000 
Direct (%)0.49 
Indirect/deemed interest (units)106,200,000 
Indirect/deemed interest (%)14.98 
Date of notice11/09/2014

Remarks :
i) The notice was received by the Company on 11 September 2014.

ii) The above disposal representing 0.07% of the total issued shares of the Company.

iii) This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements.


EFFICEN - Changes in Sub. S-hldr's Int. (29B) - SOON YOKE LENG

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameEFFICIENT E-SOLUTIONS BERHAD  
Stock Name EFFICEN  
Date Announced11 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-140911-37268

Particulars of substantial Securities Holder

NameSOON YOKE LENG
AddressA-7-3A Apollo Tower
Mont' Kiara Pelangi
No. 1 Jalan Kiara 1, Mont' Kiara
50480 Kuala Lumpur
NRIC/Passport No/Company No.611010-10-6902
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderDirect:
Soon Yoke Leng
No. of shares acquired/(disposed): (500,000)
No. of shares after change: 3,500,000

Indirect:
Cheah Swee Sin Sdn Bhd
No. of shares acquired/(disposed): -
No. of shares after change: 106,200,000

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed08/09/2014
500,000
0.325 

Circumstances by reason of which change has occurredDisposal of 500,000 shares in open market
Nature of interestDirect interest
Direct (units)3,500,000 
Direct (%)0.49 
Indirect/deemed interest (units)106,200,000 
Indirect/deemed interest (%)14.98 
Total no of securities after change109,700,000
Date of notice11/09/2014


ETITECH - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameETI TECH CORPORATION BERHAD  
Stock Name ETITECH  
Date Announced11 Sept 2014  
CategoryGeneral Announcement
Reference NoMM-140911-C9397

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionETI TECH CORPORATION BERHAD (“ETI TECH” OR “COMPANY”)

(I) PROPOSED DEBT RESTRUCTURING;
(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
(III) PROPOSED MA AMENDMENTS,

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

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

Reference is made to the Company’s announcement made on 19 August 2014 in relation to the Proposals.

On behalf of the Board of Directors of ETI Tech, Public Investment Bank Berhad wishes to announce that the Company had, on today, submitted the listing application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for the following:

(i) admission of the Warrants to the Official List of Main Market of Bursa Securities; and

(ii) listing of and quotation for the Settlement Shares, the Warrants and the new ETI Tech Shares to be issued arising from the full exercise of the Warrants on the Main Market of Bursa Securities.

This announcement is dated 11 September 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 Announced11 Sept 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140911-35BBB

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)
Disposed
03/09/2014
480,000
0.210 
Disposed
04/09/2014
142,800
0.210 
Disposed
05/09/2014
337,200
0.210 
Disposed
05/09/2014
900,000
0.205 
Disposed
05/09/2014
800,000
0.210 
Disposed
08/09/2014
470,000
0.215 
Disposed
09/09/2014
1,367,000
0.205 

Circumstances by reason of which change has occurred1. Disposal of shares by Mdm Soo Kit Lin via open market transactions

2. Disposal of shares by Mr Chan Ban Hin via open market transactions
Nature of interestDirect and Indirect
Consideration (if any) 

Total no of securities after change

Direct (units)66,608,460 
Direct (%)19.98 
Indirect/deemed interest (units)57,601,410 
Indirect/deemed interest (%)17.28 
Date of notice11/09/2014

Remarks :
1. The total percentage of shares disposed by Mdm Soo Kit Lin was around 0.83% of the total issued and paid up capital of the Company.

2. The total percentage of shares disposed by Mr Chan Ban Hin was around 0.51% of the total issued and paid up capital of the Company.


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 Announced11 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140911-CE8F1

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)
Acquired02/09/2014
1,700,000
0.195 

Circumstances by reason of which change has occurredAcquisition of shares via open market transaction
Nature of interestDirect
Direct (units)59,301,410 
Direct (%)17.79 
Indirect/deemed interest (units)69,405,460 
Indirect/deemed interest (%)20.82 
Total no of securities after change128,706,870
Date of notice11/09/2014


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 Announced11 Sept 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-140911-35BB0

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)
Disposed03/09/2014
480,000
0.210 
Disposed04/09/2014
142,800
0.210 
Disposed05/09/2014
337,200
0.210 
Disposed05/09/2014
900,000
0.205 
Disposed05/09/2014
800,000
0.210 
Disposed08/09/2014
470,000
0.215 
Disposed09/09/2014
1,367,000
0.205 

Circumstances by reason of which change has occurred1. Disposal of shares by Mdm Soo Kit Lin via open market transactions

2. Disposal of shares by Mr Chan Ban Hin via open market transactions
Nature of interestDirect and Indirect
Direct (units)66,608,460 
Direct (%)19.98 
Indirect/deemed interest (units)57,601,410 
Indirect/deemed interest (%)17.28 
Total no of securities after change124,209,870
Date of notice11/09/2014


IDMENSN - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameIDIMENSION CONSOLIDATED BHD (ACE Market) 
Stock Name IDMENSN  
Date Announced11 Sept 2014  
CategoryGeneral Announcement
Reference NoOS-140905-36511

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionIDIMENSION CONSOLIDATED BHD (“IDIMENSION” OR THE “COMPANY”)
• PROPOSED ACQUISITION;
• PROPOSED DIVERSIFICATION;
• PROPOSED RCPS; AND
• PROPOSED AMENDMENTS

(COLLECTIVELY KNOWN AS THE “PROPOSALS”)

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in announcements dated 16 May 2014, 10 June 2014 and 9 July 2014.

We refer to the Subscription Agreement dated 6 December 2013 wherein the Company has the option to require the RCPS Subscriber to subscribe for the RM10 million Tranche 2 RCPS, of which the option period had been extended up to and including 9 October 2014.

Further to this, iDimension would like to announce that the Company had exercised the abovementioned option, following which the Company had today issued RM5 million sub-tranche one (1) to five (5) of Tranche 2 RCPS to the RCPS Subscriber. The subsequent RM5 million sub-tranche of Tranche 2 will be issued by the Company and subscribed by the RCPS Subscriber at a later date to be mutually agreeable by the parties to the RCPS Subscription Agreement.

 

This announcement is dated 11 September 2014.



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

Announcement Type: General Announcement
Company NameFTSE BURSA MALAYSIA KLCI ETF  
Stock Name FBMKLCI-EA  
Date Announced11 Sept 2014  
CategoryGeneral Announcement
Reference NoFB-140911-47201

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFTSE Bursa Malaysia KLCI etf - Valuation Point as at 11 September 2014

Fund: FTSE Bursa Malaysia KLCI etf
NAV per unit (RM): 1.9159
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: 1,866.11

Attachments

FBM KLCI etf 20140911.xls
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