IRIS - MEMORANDUM OF UNDERSTANDING
| Company Name | IRIS CORPORATION BERHAD (ACE Market) |
| Stock Name | IRIS |
| Date Announced | 11 Sept 2014 |
| Category | General Announcement |
| Reference No | IC-140911-63351 |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | 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 |
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.
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GHLSYS - Changes in Director's Interest (S135) - Ng King Kau
| Company Name | GHL SYSTEMS BERHAD |
| Stock Name | GHLSYS |
| Date Announced | 11 Sept 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CK-140911-41379 |
Information Compiled By KLSE
Particulars of Director
| Name | Ng King Kau |
| Address | No. 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 | 365,000 | 1.130 |
| Circumstances by reason of which change has occurred | Disposal of shares |
| Nature of interest | Direct |
| 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 notice | 11/09/2014 |
EFFICEN - Changes in Director's Interest (S135) - SOON YOKE LENG
| Company Name | EFFICIENT E-SOLUTIONS BERHAD |
| Stock Name | EFFICEN |
| Date Announced | 11 Sept 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CM-140911-37138 |
Information Compiled By KLSE
Particulars of Director
| Name | SOON YOKE LENG |
| Address | A-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 | 500,000 | 0.325 |
| Circumstances by reason of which change has occurred | Disposal of 500,000 shares in open market |
| Nature of interest | Direct 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 notice | 11/09/2014 |
| 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
| Company Name | EFFICIENT E-SOLUTIONS BERHAD |
| Stock Name | EFFICEN |
| Date Announced | 11 Sept 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CM-140911-37268 |
Particulars of substantial Securities Holder
| Name | SOON YOKE LENG |
| Address | A-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 incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.10 each |
| Name & address of registered holder | Direct: 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 transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 08/09/2014 | 500,000 | 0.325 |
ETITECH - MULTIPLE PROPOSALS
| Company Name | ETI TECH CORPORATION BERHAD |
| Stock Name | ETITECH |
| Date Announced | 11 Sept 2014 |
| Category | General Announcement |
| Reference No | MM-140911-C9397 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | ETI 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
| Company Name | HIAP HUAT HOLDINGS BERHAD (ACE Market) |
| Stock Name | HHHCORP |
| Date Announced | 11 Sept 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-140911-35BBB |
Information Compiled By KLSE
Particulars of Director
| Name | Soo Kit Lin |
| Address | No. 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 | 480,000 | 0.210 | |
Disposed | 142,800 | 0.210 | |
Disposed | 337,200 | 0.210 | |
Disposed | 900,000 | 0.205 | |
Disposed | 800,000 | 0.210 | |
Disposed | 470,000 | 0.215 | |
Disposed | 1,367,000 | 0.205 |
| Circumstances by reason of which change has occurred | 1. 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 interest | Direct 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 notice | 11/09/2014 |
| 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
| Company Name | HIAP HUAT HOLDINGS BERHAD (ACE Market) |
| Stock Name | HHHCORP |
| Date Announced | 11 Sept 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140911-CE8F1 |
Particulars of substantial Securities Holder
| Name | Chan Ban Hin |
| Address | A 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 incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Chan 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 transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 02/09/2014 | 1,700,000 | 0.195 |
HHHCORP - Changes in Sub. S-hldr's Int. (29B) - Soo Kit Lin
| Company Name | HIAP HUAT HOLDINGS BERHAD (ACE Market) |
| Stock Name | HHHCORP |
| Date Announced | 11 Sept 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-140911-35BB0 |
Particulars of substantial Securities Holder
| Name | Soo Kit Lin |
| Address | No. 28 Jalan Daun Inai 14 Sunway SPK Kepong 52200 Kuala Lumpur |
| NRIC/Passport No/Company No. | 550121-10-6036 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Soo 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)
IDMENSN - MULTIPLE PROPOSALS
| Company Name | IDIMENSION CONSOLIDATED BHD (ACE Market) |
| Stock Name | IDMENSN |
| Date Announced | 11 Sept 2014 |
| Category | General Announcement |
| Reference No | OS-140905-36511 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | IDIMENSION 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
| Company Name | FTSE BURSA MALAYSIA KLCI ETF |
| Stock Name | FBMKLCI-EA |
| Date Announced | 11 Sept 2014 |
| Category | General Announcement |
| Reference No | FB-140911-47201 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | FTSE Bursa Malaysia KLCI etf - Valuation Point as at 11 September 2014 |
Fund: FTSE Bursa Malaysia KLCI etf | |
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