IRIS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | IRIS CORPORATION BERHAD (ACE Market) |
| Stock Name | IRIS |
| Date Announced | 28 Oct 2014 |
| Category | General Announcement |
| Reference No | IC-141028-45267 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | EXECUTION OF SHARE SALE AGREEMENT BETWEEN IRIS LAND SDN. BHD. A SUBSIDIARY OF IRIS CORPORATION BERHAD AND UK INVESTMENT HOLDINGS LIMITED FOR A FURTHER 3,333,345 ORDINARY SHARES IN PALAU PELELIU RESORTS LIMITED FOR A PURCHASE CONSIDERATION OF USD5,000.000 ON 24TH OCTOBER, 2014. |
EXECUTION OF SHARE SALE AGREEMENT BETWEEN IRIS LAND SDN. BHD. A SUBSIDIARY OF IRIS CORPORATION BERHAD AND UK INVESTMENT HOLDINGS LIMITED FOR A FURTHER 3,333,345 ORDINARY SHARES IN PALAU PELELIU RESORTS LIMITED FOR A PURCHASE CONSIDERATION OF USD5,000.000 ON 24TH OCTOBER, 2014.
1. INTRODUCTION This announcement is pursuant to Section 10.05 (2) of the ACE Listing Requirements. The Company refers to the prior announcement dated 15th February, 2014 on the acquisition of shares in Palau Peleiu Resorts Limited (“PPRL”). The Board of Directors of IRIS Corporation Berhad (“the Company") is pleased to announce that its subsidiary IRIS Land Sdn. Bhd. ( “ILSB”) had on 24th October, 2014 entered into a Share Sale Agreement (“SSA”) with UK Investment Holdings Limited (“UKIHL”) for the acquisition of a further 3,333,345 ordinary shares representing 50% of the total issued and allotted shares in Palau Peleliu Resorts Limited (“PPRL”) a private limited company of UKIHL incorporated in the Cayman Island at a price of USD1.50 per share for a total purchase consideration of United States Dollars Five Million (USD5,000,000), equivalent to RM 16,386,000 at the rate of (USD1: RM3.2772). (“This Acquisition”) With the execution of the prior Share Sale Agreement dated 15th February 2014 for 2,000,007 ordinary shares representing 30% of the issued and allotted shares in PPRL (“Prior Acquisition”) and This Acquisition, ILSB will own 80% of the issued and allotted shares in PPRL hence rendering PPRL a subsidiary of the Company on the date of Completion.
2. SALIENT TERMS OF THE SSA After the Prior Acquisition, UKIHL is currently the legal and beneficial owner of 70% of the shares of PPRL totalling 4,666,683 ordinary shares and ILSB owning 2,000,007 ordinary shares representing 30% of the issued and allotted shares in PPRL. The share capital of PPRL after the assignment of Lease A and Lease B under the Assignment of Lease Agreement into PPRL is USD6,666,690 (US Dollars Six Million Six Hundred Sixty Six Thousand Six Hundred Ninety)only. UKIHL is now desirous of selling a further 3,333,345 ordinary shares belonging to it which represents fifty percent 50% of the issued and allotted shares in PPRL at the price of USD1.50 per share subject to the terms and conditions of this Agreement. ILSB shall, after Completion (upon Purchase Price being paid in full), own 80% of the issued and allotted shares of PPRL totalling 5,333,352 ordinary shares hence rendering it to be the major shareholder and a subsidiary of the Company upon Completion. The Purchase Consideration for the sale and purchase of the Sale Shares shall be the sum of the USD5,000,000 (US Dollars Five Million) only payable in the follow tranches:- (i) the Deposit of 5% equivalent to USD250,000 to be paid to the Vendor (UKIHL) upon the execution of this Agreement ; (ii). the sum of USD750,000 (US Dollars Seven Hundred Fifty Thousand) only shall be paid to the Vendor six (6) months from the date of execution of this Agreement hereof; (iii) the sum of USD1,000,000 (US One Million) only shall be paid to the Vendor Twelve (12) months from the date of execution of this Agreement hereof; (iv). the sum of USD3,000,000 (US Three Million) only shall be paid to the Vendor Twenty Four (24) months from the date of execution of this Agreement hereof; Parties agree that in consideration of UKIHL providing its best efforts to assist ILSB in the Business (construction and development of villas) and its obligations under the SSA hereto, ILSB agrees to pay five percent (5%) of any sale secured for the villas constructed by ILSB within three (3) years from the execution of the Agreement. UKIHL agrees that in the event ILSB is not able to secure the sale of any Business within the term of three (3) years, nothing shall be deemed owing or accrued to UKIHL from ILSB for any reason whatsoever.
3. FINANCIAL EFFECTS OF THE ACQUISITION This Acquisition will not have any material effect on the Company’s earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholdings for the financial year ending on 31st March 2015. 4. SOURCE OF FUNDS The acquisition of the Sale Shares will be financed through internally generated funds and bank borrowings and the breakdown of source of funds have yet to be determined. 5. APPROVAL REQUIRED This Acquisition is not subject to the approval of the shareholders of the Company or any relevant government authorities. 6. RATIONALE OF THE AGREEMENT This Acquisition is to enable the Company to have greater control and supervision over the development project to be implemented in Palau and to contribute positively to the financial results of the ICB Group in the long run. 7. RISK FACTORS The investment in the construction and development of villas for resort living in Palau is subject to various risk inherent in the construction industry itself especially in the Micronesian Islands nevertheless, the Board will continue to exercise due care in considering the risks and benefits associated with this venture and will take appropriate measures in planning its successful implementation. 8. DIRECTORS AND MAJOR SHARE HOLDERS INTERESTS None of the directors, major shareholders, persons connected with the directors or major shareholders of the Company or any of its subsidiaries have any interest, direct or indirect, in the acquisition of the Sale Shares. 9. COMPLIANCE WITH THE SECURITIES COMMISSION’S POLICIES AND GUIDELINES ON ISSUE/OFFER OF SECURITIES This Acquisition has not departed from the Securities Commission’s Policies and Guidelines on Issue/Offer of Securities. 9. HIGHEST PERCENTAGE RATIO The highest percentage ratio applicable to This Acquisition pursuant to Rule 10.02 (g) of the ACE Market Listing Requirements is 2.98%. 10 . DOCUMENT FOR INSPECTION The Share Sale Agreement shall be available for inspection at the registered office of ICB during office hours at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur for q period of three (3) months from the date of this announcement.
This announcement is dated 28th October, 2014. | |
SERSOL - WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
| Company Name | SERSOL BERHAD (ACE Market) |
| Stock Name | SERSOL |
| Date Announced | 28 Oct 2014 |
| Category | General Announcement |
| Reference No | CC-141027-65473 |
| Type | Announcement | ||
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR | ||
| Description | Winding up Petition by Multi Square Sdn Bhd, a wholly-owned subsidiary of Sersol Berhad against E W Plastic Sdn Bhd (KL High Cout Petition No. 28NCC-766-10/2014) and Civil Suit against its guarantor, Mr Lee Chee Meng (KL High Court Suit No. 22NCC-357-09/2014) | ||
Financial and Operational Impact In the event that MSSB is unable to recover the amount claimed of RM1,973,149.36 from the Respondent, MSSB and/or the Company will make the necessary provision as doubtful debts should the recoverability of the debt is not foreseeable.
Operational impact and other damage arising from the legal actions leading to the Company's loss of revenue, weaker financial standing, weaker cashflow, incurred finance interest and other consequential losses, cannot be ascertained at this juncture. The impact and damage to the Company will be dependent on sequential actions, if any, taken by the Company.
As mentioned above, other losses to the Company, including consequential losses, cannot be ascertained now.
However, the Company wishes to inform that the Company will make the necessary provision in the accounts of the Company should the recoverability of the debts is not foreseeable.
Steps taken and proposed to be taken by MSSB The Petition having been presented to the Court on 10 October 2014. The hearing is fixed on 5 December 2014 at 9.00 a.m.
SB will announce any material development arising from the above proceedings at the appropriate time.
Directors’ Statement The Board of Directors of SB is of the opinion that the statutory demand is in the best interest of the Company.
This announcement is dated 28 October 2014. | |||
CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | CIMB FTSE ASEAN 40 MALAYSIA |
| Stock Name | CIMBA40 |
| Date Announced | 28 Oct 2014 |
| Category | General Announcement |
| Reference No | OB-141028-B0427 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: CIMB FTSE ASEAN 40 Malaysia Date: 28-Oct-2014 IOPV per unit (RM): 1.7029 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: 10,900.34 |
CIMBC50 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | CIMB FTSE CHINA 50 |
| Stock Name | CIMBC50 |
| Date Announced | 28 Oct 2014 |
| Category | General Announcement |
| Reference No | OB-141028-B0415 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: CIMB FTSE China 50 Date: 28-Oct-2014 IOPV per unit (RM): 1.0361 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: 16,819.44 |
BSTEAD - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Angkatan Tentera
| Company Name | BOUSTEAD HOLDINGS BERHAD |
| Stock Name | BSTEAD |
| Date Announced | 28 Oct 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | BH-141028-8A103 |
Particulars of substantial Securities Holder
| Name | Lembaga Tabung Angkatan Tentera |
| Address | Tingkat 10-12, Bangunan LTAT Jalan Bukit Bintang 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | ACT1011973 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | Tingkat 12, Bangunan LTAT Jalan Bukit Bintang 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 21/10/2014 | 10,000 |
| Remarks : |
| This Form 29B was received on 28 October 2014. |
BPLANT - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Angkatan Tentera
| Company Name | BOUSTEAD PLANTATIONS BERHAD |
| Stock Name | BPLANT |
| Date Announced | 28 Oct 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | BP-141028-33309 |
Particulars of substantial Securities Holder
| Name | Lembaga Tabung Angkatan Tentera |
| Address | Tingkat 10-12, Bangunan LTAT Jalan Bukit Bintang 55100 Kuala Lumpur |
| NRIC/Passport No/Company No. | ACT101 1973 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | Lembaga Tabung Angkatan Tentera Tingkat 12, Bangunan LTAT Jalan Bukit Bintang 55100 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 21/10/2014 | 100,000 |
| Remarks : |
| Form 29B received on 28 October 2014 |
KPJ - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | KPJ HEALTHCARE BERHAD |
| Stock Name | KPJ |
| Date Announced | 28 Oct 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | JC-141028-B1080 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP, Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.50 each |
| Name & address of registered holder | CitiGroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 23/10/2014 | 227,400 |
| Remarks : |
| The notice dated 24 October 2014 was received via courier on 28 October 2014. |
TAKAFUL - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD
| Company Name | SYARIKAT TAKAFUL MALAYSIA BERHAD |
| Stock Name | TAKAFUL |
| Date Announced | 28 Oct 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | ST-141028-40174 |
Particulars of substantial Securities Holder
| Name | EMPLOYEES PROVIDENT FUND BOARD |
| Address | TINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | MALAYSIA |
| Descriptions (Class & nominal value) | ORDINARY SHARES OF RM1.00 EACH |
| Name & address of registered holder | CITIGROUP NOMINEES (TEMPATAN) SDN BHD LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG 50450 KUALA LUMPUR |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 23/10/2014 | 250,000 | |
| Disposed | 23/10/2014 | 26,700 |
| Remarks : |
| The Notice of Changes in Substantial Shareholder's Interest (Form 29B) was received on 28 October 2014. |
BDB - MULTIPLE PROPOSALS
| Company Name | BINA DARULAMAN BERHAD |
| Stock Name | BDB |
| Date Announced | 28 Oct 2014 |
| Category | General Announcement |
| Reference No | MI-141028-41259 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | BINA DARULAMAN BERHAD (“BDB” OR “COMPANY”) (I) PROPOSED ACQUISITION OF APPROXIMATELY 1,154.8 ACRES (467.4 HECTARES) OF LAND LOCATED IN KEDAH DARUL AMAN, FOR A TOTAL CONSIDERATION OF RM202 MILLION; (II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN BDB (“BDB SHARES”) TO RAISE GROSS PROCEEDS OF UP TO RM95 MILLION, TOGETHER WITH A BONUS ISSUE OF NEW BDB SHARES; (III) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF BDB FROM RM100,000,000 COMPRISING 100,000,000 BDB SHARES TO RM400,000,000 COMPRISING 400,000,000 BDB SHARES; AND (IV) PROPOSED AMENDMENT TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF BDB. (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
Unless otherwise defined,
the abbreviations and definitions used in the announcements of the Company
dated 4 September 2014, 3 October 2014 and 8 October 2014 in relation to the
Proposals shall apply herein (“Previous
Announcements”).
We refer to the Previous Announcements in relation to the Proposals. On behalf of the Board, RHB Investment Bank wishes to announce that Bursa Securities has, vide its letter dated 27 October 2014, approved the following:
| |
TIGER - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD
| Company Name | TIGER SYNERGY BERHAD |
| Stock Name | TIGER |
| Date Announced | 28 Oct 2014 |
| Category | General Announcement |
| Reference No | CS-141021-41225 |
| Type | Announcement | ||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD | ||||||||||||||||||
| Description | TIGER SYNERGY BERHAD ("TIGER" or "THE COMPANY") - NOTICE OF INTENTION BY A DIRECTOR TO DEAL IN COMPANY'S SHARES DURING CLOSED PERIOD | ||||||||||||||||||
Pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of TIGER wish to announce that the Company has received the following notifications from the following Directors of TIGER, who are currently holding the following number of ordinary shares of RM0.20 each in the Capital of TIGER of his intention to deal whether directly or indirectly in the shares of TIGER during the close period prior to the targeted date of announcement to Bursa Malaysia Securities Berhad of the quarterly results for the financial quarter ended 30 September 2014:
This announcement is dated 28 October 2014. | |||||||||||||||||||
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