December 24, 2014

Company announcements: OMEDIA, NETX, REDTONE, ASDION, GPACKET

OMEDIA - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameORIENTED MEDIA GROUP BERHAD (ACE Market) 
Stock Name OMEDIA  
Date Announced24 Dec 2014  
CategoryGeneral Meetings
Reference NoCM-141219-41889

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting24/12/2014
Time11:00 AM
VenueDewan Tan Sri Hamzah, Royal Selangor Club, Kiara Sports Annexe, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur
Outcome of Meeting

The Board of Directors of the Company is pleased to announce that save and except for Resolution 2, all the Resolutions as set out in the Notice of the Fourteenth Annual General Meeting ("AGM") dated 02 December 2014 were approved by the shareholders at the AGM held today.

Resolution 2 pertaining to the re-election of Mr Lau kin Wai as Director of the Company was not considered as Mr Lau Kin Wai had indicated his intention for not seeking for re-election and hence retiring at the AGM.

This announcement is dated 24 December 2014.



OMEDIA - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameORIENTED MEDIA GROUP BERHAD (ACE Market) 
Stock Name OMEDIA  
Date Announced24 Dec 2014  
CategoryChange in Boardroom
Reference NoCM-141219-43221

Date of change24/12/2014
NameLAU KIN WAI
Age38
NationalityMalaysia
Type of changeRetirement
DesignationChairman & Director
DirectorateNon Independent & Non Executive
QualificationsMr Lau Kin Wai was graduated with first class honours in his Bachelor degree in Electrical and Electronic Engineering from the University of Manchester, UK.  
Working experience and occupation Mr Lau Kin Wai worked as a postgraduate research associate at the Imperial College London. He is also an entrepreneur that holds strong interest in the technology start-up space. He was the co-founder and Chief Executive Officer of Viztel Solutions Berhad, a telecom software company listed on the ACE Market of Bursa Malaysia. He oversaw the international expansion and sales operations of Viztel Solutions Berhad and eventually led it to a successfully IPO. He co-founded and is currently served as the Chairman of the Board of Directors of Cellsafe International Group, a regional biotechnology business group that focuses on marketing and R&D activities in the non-controversial technologies for harvesting and cryogenic preservation of stem cells. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNIL 

Remarks :
Mr Lau Kin Wai retired during the Fourteenth Annual General Meeting held on 24 December 2014.

Gender: Male


NETX - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameNETX HOLDINGS BERHAD (ACE Market) 
Stock Name NETX  
Date Announced24 Dec 2014  
CategoryGeneral Announcement
Reference NoOS-141224-52070

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionNETX HOLDINGS BERHAD (“NETX” OR THE “COMPANY”)

(I) PROPOSED RIGHTS ISSUE OF SHARES WITH WARRANTS;
(II) PROPOSED ACQUISITION OF SPRINGWORKS SDN BHD;
(III) PROPOSED SHARE ISSUANCE SCHEME; AND
(IV) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL

We refer to the announcement dated 28 October 2014 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

 

The Board wishes to make the following amendments to the terms set out in the Announcement:

 

(a) Section 2.1.5

The expiry date of the Warrants shall be the day immediately preceding the third (3rd) (instead of the fifth (5th)) anniversary date of the issuance of the Warrants.

 

As stated in the Announcement

Amended

Expiry date:  The day immediately preceding the fifth (5th) anniversary date of the issuance of the Warrants, provided that if such day falls on a day which is not a market day, then on the preceding market day.”

Expiry date:  The day immediately preceding the third (3rd) anniversary date of the issuance of the Warrants, provided that if such day falls on a day which is not a market day, then on the preceding market day.

 

(b) Section 2.3

The Eligible Persons shall comprise only the employees of the NETX Group (excluding dormant subsidiaries). The Directors of the NETX Group do not qualify for participation in the Proposed SIS.

 

As stated in the Announcement

Amended

The Proposed SIS will involve the granting of SIS Options to the Directors and employees of the NETX Group (excluding dormant subsidiaries), who meet the criteria of eligibility for participation in the Proposed SIS (“Eligible Persons”), to subscribe for new NETX Shares in accordance with the Bylaws.”

The Proposed SIS will involve the granting of SIS Options only to employees of the NETX Group (excluding dormant subsidiaries), who meet the criteria of eligibility for participation in the Proposed SIS (“Eligible Persons”), to subscribe for new NETX Shares in accordance with the Bylaws.

 

For the avoidance of doubt, the Directors of the NETX Group are not eligible to participate in the Proposed SIS.

 

 

Pursuant thereto, all references to “Director(s)”, “chief executive(s)” and “non-executive Director(s)” in relation to the Proposed SIS shall be deleted in its entirety.

 

(c) Section 7

The Proposed Rights Issue of Shares with Warrants, Proposed Acquisition and Proposed SIS shall be conditional (instead of inter-conditional) upon the Proposed Increase in Authorised Share Capital but not vice versa.

 

As stated in the Announcement

Amended

The Proposed Increase in Authorised Share Capital is inter-conditional upon the Proposed Rights Issue of Shares with Warrants, Proposed Acquisition and Proposed SIS.

The Proposed Rights Issue of Shares with Warrants, Proposed Acquisition and Proposed SIS are conditional upon the Proposed Increase in Authorised Share Capital but not vice versa.”

 

This announcement is dated 24 December 2014. 


REDTONE - Changes in Sub. S-hldr's Int. (29B) - Juara Sejati 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 Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-141224-D9BD1

Particulars of substantial Securities Holder

NameJuara Sejati Sdn Bhd
AddressLot 13-01A Level 13 (East Wing)
Berjaya Times Square
No. 1 Jalan Imbi
55100 Kuala Lumpur
NRIC/Passport No/Company No.185618-M
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderJuara Sejati Sdn Bhd
Level 12, 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)
Acquired23/12/2014
470,700
 

Circumstances by reason of which change has occurredBeneficial interest
- Acquired via open market
Nature of interestDirect
Direct (units)118,770,700 
Direct (%)22.83 
Indirect/deemed interest (units)41,175,800 
Indirect/deemed interest (%)7.91 
Total no of securities after change159,946,500
Date of notice23/12/2014

Remarks :
The transactions were made between 19 December 2014 and 23 December 2014.

The Form 29B was received by the Company on 24 December 2014.


REDTONE - Changes in Sub. S-hldr's Int. (29B) - Berjaya Corporation Berhad

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 Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-141224-D9BF5

Particulars of substantial Securities Holder

NameBerjaya Corporation Berhad
AddressLot 13-01A Level 13 (East Wing)
Berjaya Times Square
No. 1 Jalan Imbi
55100 Kuala Lumpur
NRIC/Passport No/Company No.554790-X
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderJuara Sejati Sdn Bhd
Level 12, 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)
Acquired23/12/2014
470,700
 

Circumstances by reason of which change has occurredDeemed interested by virtue of our 100% equity interest in Berjaya Group Berhad, the intermediate holding company of Juara Sejati Sdn Bhd.
- Acquired via open market
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)159,946,500 
Indirect/deemed interest (%)30.75 
Total no of securities after change159,946,500
Date of notice23/12/2014

Remarks :
The transactions were made between 19 December 2014 and 23 December 2014.

The Form 29B was received by the Company on 24 December 2014.


REDTONE - Changes in Sub. S-hldr's Int. (29B) - Berjaya Group Berhad

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 Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-141224-D9BF2

Particulars of substantial Securities Holder

NameBerjaya Group Berhad
AddressLot 13-01A Level 13 (East Wing)
Berjaya Times Square
No. 1 Jalan Imbi
55100 Kuala Lumpur
NRIC/Passport No/Company No.7308-X
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderJuara Sejati Sdn Bhd
Level 12, 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)
Acquired23/12/2014
470,700
 

Circumstances by reason of which change has occurredDeemed interested by virtue of our 100% equity interest in Juara Sejati Sdn Bhd
- Acquired via open market
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)159,946,500 
Indirect/deemed interest (%)30.75 
Total no of securities after change159,946,500
Date of notice23/12/2014

Remarks :
The transactions were made between 19 December 2014 and 23 December 2014.

The Form 29B was received by the Company on 24 December 2014.


REDTONE - Changes in Sub. S-hldr's Int. (29B) - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN

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 Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCK-141224-D9BF6

Particulars of substantial Securities Holder

NameTAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
AddressLevel 12 (East Wing)
Berjaya Times Square
No. 1 Jalan Imbi
55100 Kuala Lumpur
NRIC/Passport No/Company No.520223-01-5779
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderJuara Sejati Sdn Bhd
Level 12, 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)
Acquired23/12/2014
470,700
 

Circumstances by reason of which change has occurredDeemed interested by virtue of my interest in Berjaya Corporation Berhad, the ultimate holding company of Juara Sejati Sdn Bhd.
- Acquired via open market
Nature of interestIndirect
Direct (units)7,000,000 
Direct (%)1.34 
Indirect/deemed interest (units)159,946,500 
Indirect/deemed interest (%)30.75 
Total no of securities after change166,946,500
Date of notice23/12/2014

Remarks :
The transactions were made between 19 December 2014 and 23 December 2014.

The Form 29B was received by the Company on 24 December 2014.


ASDION - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameASDION BERHAD (ACE Market) 
Stock Name ASDION  
Date Announced24 Dec 2014  
CategoryChange in Audit Committee
Reference NoC&-141224-C41F5

Date of change24/12/2014
NameSelva Rasan A/L Puspa Das
Age42
NationalityMalaysian
Type of changeAppointment
DesignationChairman of Audit Committee
DirectorateIndependent & Non Executive
QualificationsMember of the Malaysian Institute of Accountants, the Chartered Tax Institute of Malaysia and the Financial Planning Association of Malaysia. Affiliate member of the Chartered Institute of Company Secretaries and Administrators.  
Working experience and occupation Mr. Selva has more than fourteen (14) years of audit and tax experience, starting his professional career with PricewaterCoopers and subsequently, establishing his own practice, Selva & Associates, soon after he became a member of the Malaysian Institute of Accountants in year 2000.

Mr. Selva is also the Managing Director of Cyrel Tax Care Sdn. Bhd., which provides taxation advisory, compliance and related services.  
Directorship of public companies (if any)Hytex Integrated Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 
Composition of Audit Committee (Name and Directorate of members after change)Selva Rasan A/L Puspa Das (Chairman, Independent Non-Executive Director)
Yap Tai Yeong (Member, Non-Independent Non-Executive Director)
See Poh Yee (Member, Independent Non-Executive Director)


ASDION - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameASDION BERHAD (ACE Market) 
Stock Name ASDION  
Date Announced24 Dec 2014  
CategoryChange in Boardroom
Reference NoC&-141224-C3561

Date of change24/12/2014
NameSelva Rasan A/L Puspa Das
Age42
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
QualificationsMember of the Malaysian Institute of Accountants, the Chartered Tax Institute of Malaysia and the Financial Planning Association of Malaysia. Affiliate member of the Chartered Institute of Company Secretaries and Administrators.  
Working experience and occupation Mr. Selva has more than fourteen (14) years of audit and tax experience, starting his professional career with PricewaterCoopers and subsequently, establishing his own practice, Selva & Associates, soon after he became a member of the Malaysian Institute of Accountants in year 2000.

Mr. Selva is also the Managing Director of Cyrel Tax Care Sdn. Bhd., which provides taxation advisory, compliance and related services.  
Directorship of public companies (if any)Hytex Integrated Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 


GPACKET - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Ong Leong Huat @ Wong Joo Hwa

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGREEN PACKET BERHAD  
Stock Name GPACKET  
Date Announced24 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoGP-141224-C0C57

Particulars of substantial Securities Holder

NameTan Sri Ong Leong Huat @ Wong Joo Hwa
Address21, Jalan Basong
Damansara Heights
50490 Kuala Lumpur
NRIC/Passport No/Company No.440405-08-5313
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)ordinary shares of 20 sen each
Name & address of registered holderOSK Technology Ventures Sdn Bhd
7th 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)
Acquired24/12/2014
138,000
 

Circumstances by reason of which change has occurredacquisition of shares
Nature of interestdeemed interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)108,899,975 
Indirect/deemed interest (%)15.88 
Total no of securities after change108,899,975
Date of notice24/12/2014

Remarks :
Calculation of the total and issued share capital of 685,739,019 ordinary shares of 20 sen each excludes 4,707,700 treasury shares.

Deemed interest by virtue of his substantial shareholdings, via OSK Equity Holdings Sdn Bhd, OSK Ventures International Berhad, the holding company of OSK Technology Ventures Sdn Bhd.


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