KOMARK - BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS KOMARKCORP BERHAD FOR BREACH OF MAIN MARKET LISTING REQUIREMENTS
| Company Name | KOMARKCORP BERHAD |
| Stock Name | KOMARK |
| Date Announced | 24 Dec 2014 |
| Category | Listing Circular |
| Reference No | CW-141224-52105 |
LISTING'S CIRCULAR NO. L/Q : 72203 OF 2014
Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded Komarkcorp Berhad (KOMARK) for failing to ensure that the company’s announcement dated 28 June 2013 on the fourth quarterly report for the financial year ended (FYE) 30 April 2013 (4th QR 2013) took into account the adjustments as stated in the company’s announcement dated 30 August 2013.
The failure to take into account the adjustments was in contravention of paragraph 9.16(1)(a) of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR) where a listed issuer must ensure that each announcement made is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
The public reprimand was imposed pursuant to paragraph 16.19(1) of the Main LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.
KOMARK is also required to review and ensure the adequacy and effectiveness of its financial reporting function and carry out a limited review on its quarterly report submissions. The limited review must be performed by the company’s external auditors for four quarterly reports commencing no later from the quarterly report for the financial period ended 31 January 2015. In addition, KOMARK must ensure all its directors and relevant personnel attend a training programme in relation to compliance with the Main LR pertaining to financial statements.
While Bursa Malaysia Securities has not found any of KOMARK’s directors to have caused or permitted the breach by the company, Bursa Malaysia Securities wishes to highlight that it is the duty of the directors to maintain appropriate standards of responsibility and accountability in ensuring compliance of the Main LR. The Board of Directors of KOMARK at the material time were as follows:-
- Datuk Wira Jalilah Binti Baba
- Koh Hong Muan @ Koh Gak Siong
- Koh Chie Jooi
- Koh Chee Mian
- Datuk Ng Peng Hong @ Ng Peng Hay
- Ihsan Bin Ismail
- Koh Chee Hao
- Koh Chee Kian
- Chew Chee Chek
Bursa Malaysia Securities views the contravention seriously and has reminded KOMARK and its Board of Directors of their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public.
BACKGROUND
KOMARK reported an unaudited profit after taxation and minority interest of RM1.517 million in the 4th QR 2013, compared to an audited loss after taxation and minority interest of RM4.831 million in KOMARK’s annual audited accounts for the FYE 30 April 2013 (AAA 2013) which was announced on 30 August 2013. The difference of RM6.348 million between the profit/loss after taxation and minority interest for the 4th QR 2013 and AAA 2013 represented a variance of approximately 418%.
The main adjustment in the AAA 2013 was in relation to the provision for stock written down / slow moving stock amounting to RM3,927,000 which comprised of old / slow moving / unusable stocks. In this regard, KOMARK had failed to make the said provision in the 4th QR 2013 without any reasonable explanation.
The other adjustments in the AAA 2013 were essentially due to the company’s errors and oversight.
PERMAJU - OTHERS PERMAJU INDUSTRIES BERHAD (“PERMAJU” or “the Company”) Proposed offer to purchase the Hypermarket cum Retail Centre on the Demised Premises comprising approximately 477,418 square feet on a portion of land within Country Lease Lot No. 015494934 situated at the locality of Menggatal, District of Kota Kinabalu, Sabah (“Demised Premises”) by Koperasi Permodalan Felda Malaysia Berhad
| Company Name | PERMAJU INDUSTRIES BERHAD |
| Stock Name | PERMAJU |
| Date Announced | 24 Dec 2014 |
| Category | General Announcement |
| Reference No | CP-141222-3DA8F |
| Type | Announcement |
| Subject | OTHERS |
| Description | PERMAJU INDUSTRIES BERHAD (“PERMAJU” or “the Company”) Proposed offer to purchase the Hypermarket cum Retail Centre on the Demised Premises comprising approximately 477,418 square feet on a portion of land within Country Lease Lot No. 015494934 situated at the locality of Menggatal, District of Kota Kinabalu, Sabah (“Demised Premises”) by Koperasi Permodalan Felda Malaysia Berhad |
Please refer to the Appendix attached. | |
LTKM - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | LTKM BERHAD |
| Stock Name | LTKM |
| Date Announced | 24 Dec 2014 |
| Category | General Announcement |
| Reference No | CC-141224-FD192 |
| Type | Announcement | |||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | |||||||||||||||||||||
| Description | LTKM Berhad ("LTKM") - Principal Officer's Disclosure of Dealings in Securities pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements. | |||||||||||||||||||||
The company wishes to announce that the Company has on today received notification from following Principal Officer of his dealing in the Shares of the Company, details as follow:-
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AHEALTH - Changes in Director's Interest (S135) - Kee Tah Peng @ Hee Teck Peng (Amended Announcement)
| Company Name | APEX HEALTHCARE BERHAD |
| Stock Name | AHEALTH |
| Date Announced | 24 Dec 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-141224-CC8A4 |
Information Compiled By KLSE
Particulars of Director
| Name | Kee Tah Peng @ Hee Teck Peng |
| Address | No. 80 Jalan Seaview Singapore 438393 |
| Descriptions(Class & nominal value) | Ordinary Shares of RM1.00 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 56,000 | 3.177 |
| Circumstances by reason of which change has occurred | Acquired 56,000 ordinary shares of RM1.00 each (0.05%) from open market by Xepa Holdings Sdn Bhd |
| Nature of interest | Indirect interest |
| Consideration (if any) | RM177,912.00 |
Total no of securities after change | |
| Direct (units) | 320,312 |
| Direct (%) | 0.27 |
| Indirect/deemed interest (units) | 48,266,730 |
| Indirect/deemed interest (%) | 41.2 |
| Date of notice | 22/12/2014 |
| Remarks : |
| The total indirect shares of 48,266,730 are held by virtue of Section 6A and Section 134(12)(c) of the Companies Act, 1965 as follows: (i) 318,750 Ordinary Shares of RM1.00 each are registered in the name of Apex Holdings (Pte) Ltd; (ii) 462,250 Ordinary Shares of RM1.00 each are registered in the name of Xepa Holdings Sdn Bhd; (iii) 47,438,855 Ordinary Shares of RM1.00 each are registered in the name of Apex Pharmacy Holdings Sdn Bhd; and (iv) 46,875 Ordinary Shares of RM1.00 each are registered in the name of his son, Kee Kirk Chuen. This announcement also serves to comply with Paragraph 14.09(a) of the Main Market Listing Requirements ("MMLR") for dealings outside closed periods in addition to Paragraph 9.19(18) of MMLR. This announcement is dated 24 December 2014. |
UNIMECH - Notice of Shares Buy Back by a Company pursuant to Form 28A
| Company Name | UNIMECH GROUP BERHAD |
| Stock Name | UNIMECH |
| Date Announced | 24 Dec 2014 |
| Category | Notice of Shares Buy Back by a Company Pursuant to Form 28A |
| Reference No | UG-141222-65063 |
| Remarks : |
| The total amount paid for the shares purchased is inclusive of brokerage, commission, clearing house fee and stamp duty. |
TOPGLOV - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | TOP GLOVE CORPORATION BHD |
| Stock Name | TOPGLOV |
| Date Announced | 24 Dec 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | TG-141223-415C3 |
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 for Citigroup 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 transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 19/12/2014 | 651,000 |
| Remarks : |
| The total number of 40,375,173 Ordinary Shares of RM0.50 each are held through the following holders: 1) 28,884,773 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board; 2) 1,500,000 Ordinary Shares are registered in the name of Employees Provident Fund Board; 3) 802,700 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (KIB); 4) 420,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (PHEIM); 5) 3,683,300 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (CIMB PRI); 6) 340,000 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (ARIM); and 7) 4,744,400 Ordinary Shares are registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident FD BD (TEMPLETON). Top Glove Corporation Bhd received the Form 29B on 24 December 2014. |
NICE - MULTIPLE PROPOSALS
| Company Name | NICHE CAPITAL EMAS HOLDINGS BERHAD |
| Stock Name | NICE |
| Date Announced | 24 Dec 2014 |
| Category | General Announcement |
| Reference No | OS-141224-31EF4 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | NICHE CAPITAL EMAS HOLDINGS BERHAD (“NICE” OR “THE COMPANY”) • PROPOSED DEBT SETTLEMENT; AND • PROPOSED PRIVATE PLACEMENT (COLLECTIVELY, THE “PROPOSALS”) |
(All abbreviations used in this announcement are defined in the announcement dated 30 June 2014) Following the announcements dated 22 December 2014 and 23 December 2014, on behalf of the Board of NICE, M&A Securities is pleased to announce that 115,130,000 NICE Shares have been allotted to the following Creditor Banks pursuant to the Debt Settlement Agreement dated 26 June 2014 entered into between NICE, Yikon and the Creditor Banks: (a) 9,130,000 NICE Shares to AmBank (M) Berhad; (b) 17,000,000 NICE Shares to CIMB Bank Berhad; (c) 64,800,000 NICE Shares to RHB Bank Berhad; and (d) 24,200,000 NICE Shares to United Overseas Bank (Malaysia) Bhd; The listing of and quotation for the 115,130,000 NICE Shares on the Main Market of Bursa Securities was effected from 9.00 a.m., on 24 December 2014. This announcement is dated 24 December 2014.
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AEM - Profile for Warrants
| Company Name | AE MULTI HOLDINGS BERHAD |
| Stock Name | AEM-WA |
| Date Announced | 24 Dec 2014 |
| Category | Listing Information & Profile |
| Reference No | OS-141218-57212 |
| Instrument Type | Warrants |
| Description | Warrants 2014/2019 issued pursuant to a renounceable rights issue with warrants ("Warrants") |
| Listing Date | 26/12/2014 |
| Issue Date | 18/12/2014 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 65,887,748 |
| Maturity Date | 17/12/2019 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 5.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.2500 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The Warrants may be exercised any time during the tenure of the Warrants of five (5) years including and commencing from the issue date of the Warrants and ending at 5.00 p.m. on the Expiry Date (being a date being five (5) years from and including the date of issue of the Warrants, provided that if such day falls on a day which is not a market dat, then on the preceding market day). Each Warrant carries the entitlement to subscribe for one (1) new ordinary share of RM0.10 each in AE Multi Holdings Berhad ("AEM" or "Company") at the Exercise Price which shall be satisfied fully in cash and shall be subject to adjustments in accordance with the Deed Poll. Subject to the provision in the Deed Poll, the Exercise Price and the number of Warrants held by each Warrant holder shall be adjusted by the Board of Directors of AEM in consultation with the adviser and certification of the external auditors in the event of alteration to the share capital of the Company. |
CCMDBIO - MULTIPLE PROPOSALS
| Company Name | CCM DUOPHARMA BIOTECH BERHAD |
| Stock Name | CCMDBIO |
| Date Announced | 24 Dec 2014 |
| Category | General Announcement |
| Reference No | MI-141224-59504 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | CCM DUOPHARMA BIOTECH BERHAD (“CCM DUOPHARMA” OR THE “COMPANY”) I. PROPOSED ACQUISITION; II. PROPOSED RIGHTS ISSUE; AND III. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
This announcement should be read in conjunction with the earlier announcement made on 27 November 2014. Unless otherwise defined, the terms used in this announcement shall have the same meaning as those defined in the announcement dated 27 November 2014 (“Announcement”). On behalf of the Board, RHB Investment Bank wishes to announce the following: (i) CCM Duopharma had on 24 December 2014 entered into a supplementary share sale agreement with CCMB (“Supplementary CCMD SSA”); and (ii) DMSB had on 24 December 2014 entered into a supplementary share sale agreement with CCMB (“Supplementary DMSB SSA”). (hereinafter the CCMD Supplementary SSA and the DMSB Supplementary SSA are collectively referred to as the “Supplementary SSAs”). Pursuant to the Supplementary SSAs, CCMB agreed to grant to CCM Duopharma and DMSB an additional warranty with respect to the potential liability arising from the disclosure in the respective SSAs in relation to the alleged sales tax issues currently being investigated by the Royal Malaysian Customs Department on CCM Pharmaceuticals and Upha Pharmaceutical, respectively. The warranty provided is by way of an indemnity for an aggregate liability in excess of RM100,000 to be paid to CCM Pharmaceuticals and Upha Pharmaceutical, respectively, and is valid for six (6) years after the completion of the CCMD SSA and DMSB SSA, with a further provision that CCMB may take over conduct of any appeal or proceedings in relation to matter giving rise to the aggregate liability. Save for the above, the other terms of the CCMD SSA and DMSB SSA remains unchanged. The Supplementary SSAs will be made available for shareholders’ inspection at the Registered Office of the Company at 13th Floor, Menara PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur during regular office hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 24 December
2014. | |
PENTA - Changes in Sub. S-hldr's Int. (29B) - Tan Boon Teik
| Company Name | PENTAMASTER CORPORATION BERHAD |
| Stock Name | PENTA |
| Date Announced | 24 Dec 2014 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-141223-56501 |
Particulars of substantial Securities Holder
| Name | Tan Boon Teik |
| Address | 63 Cangkat Sungai Ara 3, 11900 Bayan Lepas, Penang. |
| NRIC/Passport No/Company No. | 641203-07-5361 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.50 each |
| Name & address of registered holder | Tan Boon Teik 63 Cangkat Sungai Ara 3, 11900 Bayan Lepas, Penang. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 22/12/2014 | 1,332,430 | 0.375 |
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