November 26, 2014

Company announcements: IRIS, IFCAMSC, REDTONE, ASIAEP, MQTECH, YGL

IRIS - MATERIAL LITIGATION IN THE HIGH COURT OF MALAYA IN KUALA LUMPUR CIVIL SUIT NO 22NCC 312-08/2014 BETWEEN UNITED LOGISTICS SDN BHD (“PLAINTIFF”) vs STAMFORD COLLEGE (PJ) SDN BHD (“DEFENDANT”) STAMFORD COLLEGE BERHAD (“SCB” or “3RD PARTY”) AND IRIS CORPORATION BERHAD (“4TH PARTY”)

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced26 Nov 2014  
CategoryGeneral Announcement
Reference NoIC-141126-61776

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-141124-46372
SubjectMATERIAL LITIGATION IN THE HIGH COURT OF MALAYA IN KUALA LUMPUR CIVIL SUIT NO 22NCC 312-08/2014 BETWEEN UNITED LOGISTICS SDN BHD (“PLAINTIFF”) vs STAMFORD COLLEGE (PJ) SDN BHD (“DEFENDANT”) STAMFORD COLLEGE BERHAD (“SCB” or “3RD PARTY”) AND IRIS CORPORATION BERHAD (“4TH PARTY”)
DescriptionMATERIAL LITIGATION IN THE HIGH COURT OF MALAYA IN KUALA LUMPUR CIVIL SUIT NO 22NCC 312-08/2014 BETWEEN UNITED LOGISTICS SDN BHD (“PLAINTIFF”) vs STAMFORD COLLEGE (PJ) SDN BHD (“DEFENDANT”) STAMFORD COLLEGE BERHAD (“SCB” or “3RD PARTY”) AND IRIS CORPORATION BERHAD (“4TH PARTY”)
Query Letter Contents We refer to your Company's announcement dated 21 November 2014 in respect of
the above matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

(1) The dates the Writ of Summons dated 26th August 2014, and the 4th Party
Notice dated 12 November 2014, were served on SCPJ and ICB respectively.
(2) The financial and operational impact of the Material Litigation on ICB
group.
(3) The expected losses, if any, arising from the Material Litigation.
(4) The steps taken and proposed to be taken by ICB in respect of the Material
Litigation.

Please furnish Bursa Securities with your reply via an announcement 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)

MATERIAL LITIGATION IN THE HIGH COURT OF MALAYA IN KUALA LUMPUR CIVIL SUIT NO 22NCC 312-08/2014 BETWEEN UNITED LOGISTICS SDN BHD (“PLAINTIFF”) vs STAMFORD COLLEGE (PJ) SDN BHD (“DEFENDANT”) STAMFORD COLLEGE BERHAD (“SCB” or “3RD PARTY”) AND IRIS CORPORATION BERHAD (“4TH PARTY”)


The definitions in the announcement shall the same meaning as the prior announcement dated 21st November, 2014.(“Prior Announcement”).


The Board of Directors of IRIS Corporation Berhad (“the Company”) wishes to announce further additional information to the Prior Announcement.


The Writ of Summons was filed by United Logistics Sdn Bhd against SCPJ on 26th August 2014 ("Suit") and served on the solicitors for SCPJ on the same date. ICB was not a party to this main Suit and knew of this Suit when SCB filed a Fourth Party Notice against ICB in order to bring ICB into the Suit. This Fourth Party Notice was filed and served on ICB’s solicitors on 12th November, 2014. Solicitors for ICB responded by filing its appearance on 24th November 2014 which was also the date fixed for hearing the Fourth Party Notice. ICB has not received any updates and advice from its solicitors to date.


It is believed that this case will not have a serious financial and operational impact on the Material Litigation of the ICB Group.


The expected loss (if any) arising from this material litigation is the amount claimed under the Writ to the amount of RM2, 224,262.75 and legal fees yet to be ascertained.

The Company will await the advice of its solicitors on the next cause of action and deal with the Suit in the best interest of the Company


This announcement is made on 26th November, 2014.



IRIS - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced26 Nov 2014  
CategoryGeneral Announcement
Reference NoIC-141126-62513

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionMEMORANDUM OF UNDERSTANDING (“MOU”) BETWEEN STAMFORD COLLEGE (PJ) SDN BHD (“SCPJ”), A SUBSIDIARY OF IRIS CORPORATION BERHAD (“the Company”) AND PENANG MEDICAL COLLEGE SDN. BHD (“PMC”) ON 19TH NOVEMBER, 2014

MEMORANDUM OF UNDERSTANDING (“MOU”) BETWEEN STAMFORD COLLEGE (PJ) SDN BHD (“SCPJ”), A SUBSIDIARY OF IRIS CORPORATION BERHAD (“the Company”) AND PENANG MEDICAL COLLEGE SDN. BHD (“PMC”) ON 19TH NOVEMBER, 2014

 The Board of Directors of IRIS Corporation Berhad (“the Company”) wishes to announce additional information to the announcement made on 21stt November 2014.

The Company wishes to clarify the contents of the last paragraph under Section 3 of the MOU by stating clearly that it proposes for students who have a grade A, B, and B composition in all 3 subjects namely Chemistry, Biology and Mathematics be qualified to enroll directly into Year 1 Medical Degree programme or otherwise pursue a foundation year at PMC Penang.

The Company apologizes for the typographical error under Section 7 of the MOU - FINANCIAL EFFECTS ON THE MOU in the last line which repeats the word “earnings”. It shall be read as follows:-

“The MOU is not expected to have any effect on the issued and paid-up capital, substantial shareholders’ shareholdings, net assets per share and gearing of the ICB Group for the financial year ending 31 March, 2015. Barring unforeseen circumstances, the Board is of the opinion that the MOU will contribute positively to the earnings of ICB Group in the future.”

This announcement is made on 26th November, 2014.



IFCAMSC - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameIFCA MSC BERHAD (ACE Market) 
Stock Name IFCAMSC  
Date Announced26 Nov 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoIM-141126-53021

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalOthers
Details of corporate proposalExercise of warrants 2011/2016 (IFCA-WA)
No. of shares issued under this corporate proposal5,225,000
Issue price per share ($$)MYR 0.100
Par Value ($$)MYR 0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units470,173,900
CurrencyMYR 47,017,390.000
Listing Date28/11/2014


REDTONE - Changes in Sub. S-hldr's Int. (29B) - Mohamed Shah Bin Kadir

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced26 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-141126-50370

Particulars of substantial Securities Holder

NameMohamed Shah Bin Kadir
AddressNo. 1 Jalan 5/19B, 46000 Petaling Jaya,
Selangor Darul Ehsan
NRIC/Passport No/Company No.460922-01-5127
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderWarisan Jutamas Sdn Bhd
No. 09-27 & 28, Level 9
Berjaya Times Square,
No. 1 Jalan Imbi,
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed19/11/2014
5,800,000
 
Disposed21/11/2014
5,800,000
 

Circumstances by reason of which change has occurredDeemed interested by virtue of his interest in Warisan Jutamas Sdn Bhd
19/11/2014 - Disposal of shares via direct deal
21/11/2014 - Disposal of shares via married deal
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)26,200,000 
Indirect/deemed interest (%)5.06 
Total no of securities after change26,200,000
Date of notice21/11/2014

Remarks :
The Form 29B was received by the Company on 26 November 2014.


REDTONE - Changes in Sub. S-hldr's Int. (29B) - Warisan Jutamas Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced26 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-141126-49134

Particulars of substantial Securities Holder

NameWarisan Jutamas Sdn Bhd
AddressLot 6.08, 6th Floor, Plaza First Nationwide
No. 161 Jalan Tun H.S. Lee, 50000 Kuala Lumpur
NRIC/Passport No/Company No.773531-V
Nationality/Country of incorporationIncorporated in Malaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderWarisan Jutamas Sdn Bhd
No. 09-27 & 28, Level 9
Berjaya Times Square,
No. 1 Jalan Imbi,
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed19/11/2014
5,800,000
 
Disposed21/11/2014
5,800,000
 

Circumstances by reason of which change has occurred19/11/2014 - Disposal of shares via direct deal
21/11/2014 - Disposal of shares via married deal
Nature of interestDirect
Direct (units)26,200,000 
Direct (%)5.06 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change26,200,000
Date of notice21/11/2014

Remarks :
The Form 29B was received by the Company on 26 November 2014.


REDTONE - Changes in Sub. S-hldr's Int. (29B) - Abdul Karim Bin Abdul Kadir

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced26 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-141126-50092

Particulars of substantial Securities Holder

NameAbdul Karim Bin Abdul Kadir
Address21 Jalan SS19/1, 47500 Subang Jaya,
Selangor Darul Ehsan
NRIC/Passport No/Company No.501005-01-5259
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderWarisan Jutamas Sdn Bhd
No. 09-27 & 28, Level 9
Berjaya Times Square,
No. 1 Jalan Imbi,
55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed19/11/2014
5,800,000
 
Disposed21/11/2014
5,800,000
 

Circumstances by reason of which change has occurredDeemed interested by virtue of his interest in Warisan Jutamas Sdn Bhd
19/11/2014 - Disposal of shares via direct deal
21/11/2014 - Disposal of shares via married deal
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)26,200,000 
Indirect/deemed interest (%)5.06 
Total no of securities after change26,200,000
Date of notice21/11/2014

Remarks :
The Form 29B was received by the Company on 26 November 2014.


ASIAEP - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameASIAEP RESOURCES BERHAD (ACE Market) 
Stock Name ASIAEP  
Date Announced26 Nov 2014  
CategoryGeneral Meetings
Reference NoCC-141119-38472

Regularisation SponsorKAF Investment Bank Berhad
SponsorSame as above
Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionTwenty-First Annual General Meeting
Date of Meeting19/12/2014
Time10:00 AM
VenueMeeting Room, KKlub, Jalan Melawati 3, Taman Melawati, 53100 Kuala Lumpur
Date of General Meeting Record of Depositors12/12/2014


MQTECH - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMQ TECHNOLOGY BERHAD (ACE Market) 
Stock Name MQTECH  
Date Announced26 Nov 2014  
CategoryChange in Boardroom
Reference NoCC-141106-AF312

Date of change26/11/2014
NameKHOO HUN SNIAH
Age45
NationalityMALAYSIAN
Type of changeAppointment
DesignationDirector
DirectorateExecutive
QualificationsDouble advance diploma in Electronics Engineering & Computer science from Kolej Damansara Utama, P.J. Selango 
Working experience and occupation 1) 1991-1992 worked in Penang Seagate Sdn Bhd as Electronics Engineer.
2) 1992-till now working in Zoomic Technology (M) Sdn Bhd and Zoomic Automation (M) Sdn Bhd. He is mainly in charge of Printed Circuits Boards Design Engineering. Over the past 17 years, he has involved in supporting manufacturing processes for various industries such as EMS, RF, Hard-disk drive & Semiconductor. Through the years of experience, he has developed & deployed various types of technology for the company such as Vision Inspection Software for Disk-drive magnetic head, spring loaded pick-up head for pick and place system. Mr. Khoo has brought considerable knowledge in Electro-mechanic Design Engineering and Operation to the company 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerBrother in law of Mr. Teh Eng Huat, a Director and substantial shareholder of MQ Technology Berhad 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


MQTECH - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMQ TECHNOLOGY BERHAD (ACE Market) 
Stock Name MQTECH  
Date Announced26 Nov 2014  
CategoryChange in Boardroom
Reference NoCC-141106-A86E9

Date of change26/11/2014
NameCH'NG HUCK KHOON
Age45
NationalityMALAYSIAN
Type of changeAppointment
DesignationDirector
DirectorateIndependent & Non Executive
Qualifications1)PhD studies in Finance at the University Sains Malaysia (USM)
2)MBA (Finance) from the University of Stirling (UK),
3)Certified Financial Planner
4)Associate Member of The Institute Of Chartered Secretaries and Administrators (ICSA)  
Working experience and occupation Dr Ch’ng was an Assistant Professor at the Universiti Tunku Abdul Rahman (UTAR) and Wawasan Open University (WOU). He was also a Capital Markets Services Representative License holder for 15 years with A A Anthony Securities Sdn. Bhd.

Currently, he is an Independent Non-Executive Director of CNI Holdings Berhad, YGL Convergence Berhad and AT Systematization Berhad. 
Directorship of public companies (if any)1. CNI Holdings Berhad
2. YGL Convergence Berhad
3. AT Systematization Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


YGL - Quarterly rpt on consolidated results for the financial period ended 30/9/2014

Announcement Type: Financial Results
Company NameYGL CONVERGENCE BERHAD (ACE Market) 
Stock Name YGL  
Date Announced26 Nov 2014  
CategoryFinancial Results
Reference NoCS-141121-38221

Financial Year End31/12/2014
Quarter3
Quarterly report for the financial period ended30/09/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
1,072
2,351
6,005
5,461
2Profit/(loss) before tax
-531
-1,076
-1,058
-2,375
3Profit/(loss) for the period
-537
-1,082
-1,077
-2,377
4Profit/(loss) attributable to ordinary equity holders of the parent
-561
-973
-1,115
-2,146
5Basic earnings/(loss) per share (Subunit)
-0.30
-0.61
-0.60
-1.35
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.0692
0.0754
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


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