December 23, 2014

Company announcements: DIGI, UNIMECH, TOPGLOV, FURNWEB, GESHEN, RAPID-WA, PRLEXUS

DIGI - 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 NameDIGI.COM BERHAD  
Stock Name DIGI  
Date Announced23 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-141223-A87E9

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationIncorporated in Malaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.01 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board
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)
Acquired18/12/2014
3,000,000
 
Acquired18/12/2014
1,600,000
 

Circumstances by reason of which change has occurredAcquired
Nature of interestDirect
Direct (units)1,009,804,140 
Direct (%)12.99 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,009,804,140
Date of notice19/12/2014

Remarks :
The total number of 1,009,804,140 Ordinary Shares of RM0.01 each are held as follows:-

1) 914,799,450 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board;

2) 14,791,000 Ordinary Shares of RM0.01 each are registered in the name of Employees Provident Fund Board;

3) 10,100,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AMUNDI);

4) 3,720,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AFFIN-HWG);

5) 2,000,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (RHB INV);

6) 9,095,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AM INV);

7) 665,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (MAYBAN);

8) 13,599,490 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (NOMURA);

9) 32,277,900 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (CIMB PRI);

10) 1,600,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ARIM);

11) 2,306,300 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (TEMPLETON); and

12) 4,850,000 Ordinary Shares of RM0.01 each are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (ABERDEEN).

The Form 29B was received by the Company on 23 December 2014.


UNIMECH - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameUNIMECH GROUP BERHAD  
Stock Name UNIMECH  
Date Announced23 Dec 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoUG-141223-63785

Date of buy back23/12/2014
Description of shares purchasedOrdinary Shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)15,000
Minimum price paid for each share purchased ($$)1.473
Maximum price paid for each share purchased ($$)1.510
Total consideration paid ($$)22,579.22
Number of shares purchased retained in treasury (units)15,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)9,132,766
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 (%)0.0126

Remarks :
The total amount paid for the shares purchased is inclusive of brokerage, clearing house fee and stamp duty.


TOPGLOV - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameTOP GLOVE CORPORATION BHD  
Stock Name TOPGLOV  
Date Announced23 Dec 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoTG-141219-53C8F

Date of buy back23/12/2014
Description of shares purchasedOrdinary Shares of RM0.50
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)4,800
Minimum price paid for each share purchased ($$)4.420
Maximum price paid for each share purchased ($$)4.420
Total consideration paid ($$)21,216.00
Number of shares purchased retained in treasury (units)4,800
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)2,022,800
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 (%)0.33


FURNWEB - Changes in Director's Interest (S135) - WEE CHENG KWAN

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameFURNIWEB INDUSTRIAL PRODUCTS BERHAD  
Stock Name FURNWEB  
Date Announced23 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141223-61398

Information Compiled By KLSE

Particulars of Director

NameWEE CHENG KWAN
Address72, JALAN PASAR
17000 PASIR MAS
KELANTAN
Descriptions(Class & nominal value)ORDINARY SHARES OF RM0.50 EACH ("Shares")

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
19/12/2014
10,000
0.635 
Acquired
23/12/2014
20,000
0.640 

Circumstances by reason of which change has occurredAcquisition of 30,000 Shares (% : 0.02) in the open market
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)12,769,600 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice23/12/2014


FURNWEB - Changes in Sub. S-hldr's Int. (29B) - WEE CHENG KWAN

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFURNIWEB INDUSTRIAL PRODUCTS BERHAD  
Stock Name FURNWEB  
Date Announced23 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-141223-61182

Particulars of substantial Securities Holder

NameWEE CHENG KWAN
Address72, JALAN PASAR
17000 PASIR MAS
KELANTAN
NRIC/Passport No/Company No.760817-03-5219
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM0.50 EACH ("Shares")
Name & address of registered holderMAYBANK NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR WEE CHENG KWAN
14TH FLOOR, MENARA MAYBANK
100, JALAN TUN PERAK
50050 KUALA LUMPUR

RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR WEE CHENG KWAN
10TH FLOOR, PLAZA OSK
JALAN AMPANG, 50450 KUALA LUMPUR

RHB NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR WEE CHENG KWAN
10TH FLOOR, PLAZA OSK
JALAN AMPANG, 50450 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired19/12/2014
10,000
0.635 
Acquired23/12/2014
20,000
0.640 

Circumstances by reason of which change has occurredAcquisition of 30,000 Shares (% : 0.02) in the open market
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change12,769,600
Date of notice23/12/2014


FURNWEB - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):ESOS

Announcement Type: General Announcement
Company NameFURNIWEB INDUSTRIAL PRODUCTS BERHAD  
Stock Name FURNWEB  
Date Announced23 Dec 2014  
CategoryGeneral Announcement
Reference NoMI-141223-64856

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
ESOS
DescriptionFURNIWEB INDUSTRIAL PRODUCTS BERHAD ("FURNIWEB" OR THE "COMPANY")

PROPOSED ESTABLISHMENT OF A LONG TERM INCENTIVE PLAN FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF FURNIWEB AND ITS SUBSIDIARY COMPANIES ("PROPOSED LTIP")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposed LTIP.

We refer to our earlier announcements dated 1 December 2014 and 15 December 2014.

On behalf of the Board of Directors of Furniweb, RHB Investment Bank Berhad ("RHBIB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 23 December 2014, resolved to approve the listing of and quotation for up to 15% of the issued and paid-up share capital of Furniweb to be issued pursuant to the Proposed LTIP, subject to the following conditions:-

(i) RHBIB is required to submit a confirmation to Bursa Securities of full compliance of the Proposed LTIP pursuant to Paragraph 6.43(1) of the Main Market Listing Requirements and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in a general meeting approving the Proposed LTIP; an

(ii) Furniweb is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed LTIP as at the end of each quarter together with a detailed computation of listing fees payable.


This announcement is dated 23 December 2014.



GESHEN - PROPOSED DISPOSAL OF 5,300,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF ULTRASPA (M) SDN. BHD. ("ULTRASPA")("ULTRASPA SHARE(S)"), REPRESENTING 100% EQUITY INTEREST IN ULTRASPA AND 70% OF EQUITY INTEREST IN ITS SUBSIDIARY, MEDNSPA (S) PTE. LTD. ("MSPL"), BY THE COMPANY ("PROPOSED DISPOSAL")

Announcement Type: General Announcement
Company NameGE-SHEN CORPORATION BERHAD  
Stock Name GESHEN  
Date Announced23 Dec 2014  
CategoryGeneral Announcement
Reference NoCS-141223-51684

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDTE-141222-43288
SubjectPROPOSED DISPOSAL OF 5,300,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF ULTRASPA (M) SDN. BHD. ("ULTRASPA")("ULTRASPA SHARE(S)"), REPRESENTING 100% EQUITY INTEREST IN ULTRASPA AND 70% OF EQUITY INTEREST IN ITS SUBSIDIARY, MEDNSPA (S) PTE. LTD. ("MSPL"), BY THE COMPANY ("PROPOSED DISPOSAL")
DescriptionGE-SHEN CORPORATION BERHAD (“GE-SHEN” OR “THE COMPANY” OR “VENDOR”)

- PROPOSED DISPOSAL OF 5,300,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF ULTRASPA (M) SDN. BHD. (“ULTRASPA”) (“ULTRASPA SHARE(S)”), REPRESENTING 100% EQUITY INTEREST IN ULTRASPA AND 70% OF EQUITY INTEREST IN ITS SUBSIDIARY, MEDNSPA (S) PTE. LTD. (“MSPL”), BY THE COMPANY (“PROPOSED DISPOSAL”)
Query Letter Contents We refer to your Company's announcement dated 19 December 2014, in respect of
the aforesaid matter.

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

1. To provide the breakdown of advances by your Company and Ge-Shen Plastic (M)
Sdn. Bhd. including the specific date and the amount of advances provided for
each occassion, and the reason(s) for granting the advances.
2. Date of incorporation and commencement date of business for Ultraspa and
MSPL.
3. Net assets and net profit of Ultraspa and MSPL based on the latest audited
financial statements and whether there are any other assets such as real
estates owned by Ultraspa and MSPL, respectively.
4. Full details of the principal activity of Ultraspa and MSPL.
5. The name of Directors and major shareholders of MSPL together with their
respective shareholdings.
6. To provide a details explanation on the operating loss incurred in Ultraspa.
7. To provide the core business or principal activity of your Company and to
provide further basis and justification for your Company to deem Ultraspa as
its non-core business given that your Company only acquired Ultraspa for
approximately 5 years ago.
8. Tabulation on the estimated net gains on the Disposal of approximately
RM300,000.
9. The proposed utilisation of the proceeds arising from the Proposed Disposal
and the timeframe for full utilisation.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.




Page 2/-


Yours faithfully




HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation
HTH/TEK

c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)

Reference is made to Ge-Shen's announcement on 19 December 2014 and Bursa Malaysia Securities Berhad's letter dated 22 December 2014 pertaining to the above matter.

The Board of Directors of Ge-Shen wishes to furnish the following additional information of the abovementioned matter.

1. The breakdown of advances from the Company and Ge-Shen Plastic (M) Sdn. Bhd. to Ultraspa are as follows:

The Company

Amount

(RM)

Nature

Total advances in 2010

1,788,155

Working capital

Total advances in 2011

918,419

Working capital

Total advances in 2012

194,368

Working capital

Total advance in 2013

430,000

Working capital

Total advance in 2014

100,000

Working capital

Capitalisation – issuance of share by Ultraspa in 2014

(3,300,000)

Increase of share capital

Total repayment upon disposal

130,942

Ge-Shen Plastic (M) Sdn. Bhd.

Total advance in 2014

51,411

Working capital

2. The date of incorporation and commencement of business are analysed as follows:

Date of incorporation

Commencement of business

Ultraspa

7 December 2009

January 2010

MSPL

31 March 2011

April 2011

3. The Audited Net Assets/(Liabilities) and Net Profit/(Loss) as at 31 December 2013 are analysed as follows:

Net assets/(liabilities)

(RM)

Net Profit/(Loss)

(RM)

Ultraspa

(137,300)

(1,158,581)

MSPL

240,618

93,341

Both Ultraspa and MSPL only own Operating Assets and do not own any real estate.

4. The Ultraspa and MSPL is principally engaged in the business of trading and distribution of cosmetic and skin care products and skin care services.

5. Name of the directors and major shareholders of MSPL are analysed as follows:

Directors

Wong Yee Keh

Wong Yew Hoong

Shareholding

No. of Shares

(%)

Ultraspa

140,000

70%

Wong Yew Hoong

60,000

30%

Mr. Wong Yee Keh is a Group Managing Director of Ge-Shen.

Mr. Wong Yew Hoong does not hold any shares in Ge-Shen and does not have any family relationship with any members of the Board nor Major Shareholders.

6. The Audited Net Liabilities and Net Loss of Ultraspa as at 31 December 2013 are analysed as follows:

(a) Details of Net Current Liabilities are:

31 December 2013

(Audited) (RM)

Non-Current Assets

2,229,797

Current Assets

1,377,618

Current Liabilities

(3,745,115)

Net liabilities

(137,700)

Included in Non-Current Assets is the cost of investment in MSPL of RM455,634.

(b) Details of Net Loss are:

31 December 2013

(Audited) (RM)

Revenue

2,963,591

Other income

211,505

Changes in inventories of finished goods

(177,497)

Raw material used

(435,202)

Employee benefits

(1,217,813)

Depreciation

(330,904)

Operating expenses

(2,162,772)

Finance cost

(9,489)

Net loss for the year

(1,158,581)

7. The major contribution and its core competencies of the Ge-Shen group is manufacturing of plastic moulding products, related components and inclusive of moulds and tooling. The audited group business segment as at 31 December 2013 are analysed as follows:

31 December 2013

(Audited)

(RM’000)

Plastic injection

80,384

Cosmetic and skin care

3,204

Fibre products

249

Total revenue

83,837

The Company’s initial intention was to diversify its activities from its core competencies. Hence, it had set-up Ultraspa and MSPL on the dated as mentioned in item 2 above, to be involved in cosmetic and skin care products. Nevertheless, to retain qualified skin care specialist and mushrooming of smaller skin care provider in Malaysia and Singapore market had adversely affected our revenue and margin for the current and previous year’s.

8. The estimated Unaudited Net Gain on disposal at Group level for the financial year ending 31 December 2014 is analysed as follows:

(RM)

Net current assets - unaudited as at 30 September 2014

1,771,323

Unaudited operating loss for the period from 1 October up to date of announcement 19 December 2014

(300,000)

Proceeds from disposal

(1,771,323)

Gain on disposal

300,000

Included in the Net Current Asset is net cost of investment in MSPL less Impairment Loss on investment of RM346,043. Whereas, the total Net Asset Value of MSPL as at 30 September 2014 is RM195,555.

9. The proceeds from disposal of RM1.771,323 and repayment of all the amount due by Global Seed to Company and Ge-Shen Plastic (M) Sdn. Bhd. of RM182,353 is expected to be utilised for as working capital, capital expenditure and future investment of the Group. These amounts are expected to be received within three months and utilised in 2015.

10. The highest percentage ratios between the disposal of Global Seed and Ultraspa is 12.16% (Ultraspa) and the cumulative combined percentage ratio of both disposal of shares is 20.20%. The percentage ratio is calculated based on the Audited Financial Statements for the year ended 31 December 2013.

This announcement is dated 23 December 2014.



GESHEN - PROPOSED DISPOSAL OF 3,500,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF GLOBAL SEED SDN. BHD. ("GLOBAL SEED")("GLOBAL SEED SHARE(S)"), REPRESENTING 100% EQUITY INTEREST IN GLOBAL SEED, BY THE COMPANY ("PROPOSED DISPOSAL")

Announcement Type: General Announcement
Company NameGE-SHEN CORPORATION BERHAD  
Stock Name GESHEN  
Date Announced23 Dec 2014  
CategoryGeneral Announcement
Reference NoCS-141223-50875

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDTE-141222-42944
SubjectPROPOSED DISPOSAL OF 3,500,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF GLOBAL SEED SDN. BHD. ("GLOBAL SEED")("GLOBAL SEED SHARE(S)"), REPRESENTING 100% EQUITY INTEREST IN GLOBAL SEED, BY THE COMPANY ("PROPOSED DISPOSAL")
DescriptionGE-SHEN CORPORATION BERHAD (“GE-SHEN” OR “THE COMPANY” OR “VENDOR”)

- PROPOSED DISPOSAL OF 3,500,000 ORDINARY SHARES OF RM1.00 EACH IN THE CAPITAL OF GLOBAL SEED SDN. BHD. (“GLOBAL SEED”) (“GLOBAL SEED SHARE(S)”), REPRESENTING 100% EQUITY INTEREST IN GLOBAL SEED, BY THE COMPANY (“PROPOSED DISPOSAL”)
Query Letter Contents We refer to your Company's announcement dated 19 December 2014, in respect of
the aforesaid matter.

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

1. To provide the breakdown of advances by your Company and Ge-Shen Plastic (M)
Sdn. Bhd. including the specific date and the amount of advances provided for
each occassion, and the reason(s) for granting the advances.
2. Date of incorporation and commencement date of business for Global Seed.
3. Net assets and net profit of Global Seed based on the latest audited
financial statements and whether there are any other assets such as real
estates owned by Global Seed.
4. Full details of the principal activity of Global Seed.
5. To provide a details explanation on the net liabilities and operating loss
incurred in Global Seed.
6. To provide the core business or principal activity of your Company and to
provide further basis and justification for your Company to deem Global Seed as
its non-core business given that your Company only acquired Global Seed for
approximately 2.5 years ago.
7. Tabulation on the estimated net gains on the Disposal of approximately
RM613,000.
8. The proposed utilisation of the proceeds arising from the Proposed Disposal
and the timeframe for full utilisation.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.




Page 2/-


Yours faithfully



HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation
HTH/TEK

c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)

Reference is made to Ge-Shen's announcement on 19 December 2014 and Bursa Malaysia Securities Berhad's letter dated 22 December 2014 pertaining to the above matter.

The Board of Directors of Ge-Shen wishes to furnish the following additional information of the abovementioned matter.

1. The breakdown of advances from the Company and Ge-Shen Plastic (M) Sdn. Bhd. to Global Seed are as follows:

The Company

Amount

(RM)

Nature

Total advances in 2012

-

-

Total advances in 2013

1,331,697

Working capital

Total advances in 2014

2,198,946

Working capital

Capitalisation – issuance of share by Global Seed in 2014

(2,500,000)

Increase of share capital

Total repayment upon disposal

1,030,643

Ge-Shen Plastic (M) Sdn. Bhd.

Total advances in 2014

390,607

Working capital

2. Global Seed is incorporated on 31 May 2012, took eight months to install and test before commencement of mass production on June 2013.

3. The Audited Net Liabilities and Net Loss of Global Seed as at 31 December 2013 are:

31 December 2013

(Audited) (RM)

Net liabilities

(892,743)

Net loss for the year

(1,630,700)

Global Seed only owns Operating Assets and does not own any real estate.

4. The Global Seed is principally engaged in the business of manufacturing fibre products. (i.e. to process palm fibre waste namely empty fruit bunch into dried long fibre which is sold to manufacturer of mattresses and furniture as their raw material).

5. The Audited Net Liabilities and Net Loss of Global Seed as at 31 December 2013 are analysed as follows:

(a) Details of Net Current Liabilities are:

31 December 2013

(Audited) (RM)

Non-Current Assets

2,597,771

Current Assets

132,087

Non-Current Liabilities

(1,130,028)

Current Liabilities

(2,492,573)

Net liabilities

(892,743)

(b) Details of Net Loss are:

31 December 2013

(Audited) (RM)

Revenue

249,080

Other income

1,348

Changes in inventories of finished goods

10,305

Raw material used

(111,668)

Employee benefits

(495,674)

Depreciation

(216,353)

Operating expenses

(921,373)

Finance cost

(146,365)

Net loss for the year

(1,630,700)

6. The major contribution and its core competencies of the Ge-Shen group is manufacturing of plastic moulding products, related components and inclusive of moulds and tooling. The audited group business segment as at 31 December 2013 are analysed as follows:

31 December 2013

(Audited)

(RM’000)

Plastic injection

80,384

Cosmetic and skin care

3,204

Fibre products

249

Total revenue

83,837

The Company’s initial intention was to diversify its activities from its core competencies. Hence, it had set-up Global Seed in May 2012 to be involved in manufacturing of fibre products. Nevertheless, the selling price of fibre products has been continuously in declining trend to USD150 per ton as at November 2013 coupled with increase in raw material price. This had caused our margin to be eroded.

7. The estimated Unaudited Net Gain on disposal at Group level for the financial year ending 31 December 2014 is analysed as follows:

(RM’000)

Net current liabilities - unaudited as at 30 September 2014

(13)

Unaudited operating loss for the period from 1 October up to date of announcement 19 December 2014

(600)

Proceeds from disposal

(*)

Gain on disposal

613

The proceed from disposal is only RM1.00

8. The proceeds from disposal of RM1.00 and repayment of all the amount due by Global Seed to the Company and Ge-Shen Plastic (M) Sdn. Bhd. of RM1,421,250 is expected to be utilised as working capital, capital expenditure and future investment of the Group. These amounts are expected to be received within three months and utilised in 2015.

9. The highest percentage ratios between the disposal of Global Seed and Ultraspa is 12.16% and the cumulative combined percentage ratio of both disposal of shares is 20.20%. The percentage ratio is calculated based on the Audited Financial Statements for the year ended 31 December 2013.

This announcement is dated 23 December 2014.



RAPID-WA - Changes in Director's Interest (S135) - Dato' Dr Yu Kuan Chon

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameRAPID SYNERGY BERHAD  
Stock Name RAPID-WA  
Date Announced23 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-141223-499C0

Information Compiled By KLSE

Particulars of Director

NameDato' Dr Yu Kuan Chon
Address888 Taman Aman Muhibbah
32000 Sitiawan
Perak Darul Ridzuan
Descriptions(Class & nominal value)Warrant of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
23/12/2014
189,700
5.220 

Circumstances by reason of which change has occurredOff Market Purchase
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)8,622,850 
Direct (%)42.56 
Indirect/deemed interest (units)2,320,380 
Indirect/deemed interest (%)11.45 
Date of notice23/12/2014

Remarks :
1. This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing outside closed period.

2. The above off market disposal of 189,700 warrants represents 0.94% of the total balance of warrants of the Company.

3. The notice was received from Dato' Dr Yu Kuan Chon on 23 December 2014.


PRLEXUS - OTHERS PROLEXUS BERHAD (“Prolexus” or "the Company") - Share Option under the Employees Share Option Scheme (“ESOS”)

Announcement Type: General Announcement
Company NamePROLEXUS BERHAD  
Stock Name PRLEXUS  
Date Announced23 Dec 2014  
CategoryGeneral Announcement
Reference NoCC-141223-25488

TypeAnnouncement
SubjectOTHERS
DescriptionPROLEXUS BERHAD (“Prolexus” or "the Company")
- Share Option under the Employees Share Option Scheme (“ESOS”)
Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that it has offered options to eligible employees under the Company's ESOS on 23 December 2014. The details of options are as follows:-
No.Description
1.Date of offer of the Options:23 December 2014
2.Exercise price of Options offered:RM1.41
3.Number of Options offered:460,000
4.Market Price of Prolexus shares on the date of offer:RM1.60
5.Number of Options offered to the Director of Prolexus :
NameNumber of Options offered
Boo Chin Liong200,000
6.Vesting period of Options offered :
Estimated Number of Options to be vestedEstimated Scheduled Vesting Date
184,00023 December 2014
Up to 138,00023 December 2015
Up to 138,00023 December 2016


This announcement is dated 23 December 2014.



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