December 12, 2014

Company announcements: PERISAI, SYSTECH, INSTACO, IDEAL, TEXCYCL, CONNECT, GREENYB

PERISAI - Changes in Sub. S-hldr's Int. (29B) - MERCURY PACIFIC MARINE PTE LTD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePERISAI PETROLEUM TEKNOLOGI BHD  
Stock Name PERISAI  
Date Announced12 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPP-141212-C2F99

Particulars of substantial Securities Holder

NameMERCURY PACIFIC MARINE PTE LTD
Address21B Circular Road
Singapore 049376
NRIC/Passport No/Company No.200608531M
Nationality/Country of incorporationSingapore
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holder(1) Mercury Pacific Marine Pte Ltd

(2) Perintis Muhibah Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed05/12/2014
2,953,400
 
Disposed05/12/2014
1,000,000
 
Disposed08/12/2014
4,400,000
 
Disposed08/12/2014
4,000,000
 

Circumstances by reason of which change has occurredSale in open market
Nature of interestDirect and Indirect
Direct (units)62,762,850 
Direct (%)5.26 
Indirect/deemed interest (units)4,650,000 
Indirect/deemed interest (%)0.39 
Total no of securities after change67,412,850
Date of notice12/12/2014

Remarks :
(1) The percentage of shareholding excludes 400,000 ordinary shares of RM0.10 each bought-back by the Company and retained as treasury shares.

(2) Deemed interested in Perintis Muhibah Sdn Bhd pursuant to Section 6A of the Companies Act, 1965.

(3) The Form 29B was received by the Company on 12 December 2014.


PERISAI - 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 NamePERISAI PETROLEUM TEKNOLOGI BHD  
Stock Name PERISAI  
Date Announced12 Dec 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPP-141212-E6E7A

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 incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 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)
Disposed09/12/2014
3,700
 

Circumstances by reason of which change has occurredDisposal via open market
Nature of interestDirect
Direct (units)62,897,700 
Direct (%)5.27 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change62,897,700
Date of notice10/12/2014

Remarks :
(1) The percentage of shareholding excludes 400,000 ordinary shares of RM0.10 each bought-back by the Company and retained as treasury shares.

(2) The Form 29B was received by the Company on 12 December 2014.


SYSTECH - OTHERS SYSTECH BHD (“SYSTECH” OR THE “COMPANY”) -INCORPORATION/ACQUISITION OF A NEW SUBSIDIARY - SYSARMY SDN BHD (“SYSARMY”)

Announcement Type: General Announcement
Company NameSYSTECH BHD (ACE Market) 
Stock Name SYSTECH  
Date Announced12 Dec 2014  
CategoryGeneral Announcement
Reference NoCC-141210-55826

Admission SponsorM&A Securities Sdn Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionSYSTECH BHD (“SYSTECH” OR THE “COMPANY”)
-INCORPORATION/ACQUISITION OF A NEW SUBSIDIARY - SYSARMY SDN BHD (“SYSARMY”)

The Board of Directors of Systech Bhd (“the Company”) wishes to announce the Company had on 11 December 2014 acquired 1 ordinary share of RM1.00 and on 12 December 2014 subscribed for 254,999 ordinary shares of RM1.00 each which collectively represent 51% equity interest in Sysarmy for a total cash consideration of RM255,000 (“the Subscription”).

 

The details of the Subscription are attached.

 

This announcement is dated 12 December 2014.

 



INSTACO - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameINSTACOM GROUP BERHAD (ACE Market) 
Stock Name INSTACO  
Date Announced12 Dec 2014  
CategoryGeneral Meetings
Reference NoCZ-141212-39706

Admission SponsorRHB Investment Bank Bhd
SponsorSame as above
Type of MeetingEGM
IndicatorNotice of Meeting
DescriptionThe Board of Directors of Instacom Group Berhad (“Instacom” or the “Company”) wishes to announce that an Extraordinary General Meeting of the Company which is scheduled to be held at Tanjung Datu, Level 4, Tower A, M Hotel, Hock Lee Centre, Hotel Towers, Jalan Datuk Abang Abdul Rahim, 93450 Kuching, Sarawak on Tuesday, 30 December 2014 at 3:00 p.m.
Date of Meeting30/12/2014
Time03:00 PM
VenueTanjung Datu, Level 4, Tower A, M Hotel, Hock Lee Centre, Hotel Towers, Jalan Datuk Abang Abdul Rahim, 93450 Kuching, Sarawak
Date of General Meeting Record of Depositors19/12/2014

Attachments

Instacom.pdf
218 KB



IDEAL - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameIDEAL SUN CITY HOLDINGS BERHAD (ACE Market) 
Stock Name IDEAL  
Date Announced12 Dec 2014  
CategoryGeneral Announcement
Reference NoOS-141212-C1FC7

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionIDEAL SUN CITY HOLDINGS BERHAD (“IDEAL” OR “THE COMPANY”)

• PROPOSED PRIVATE PLACEMENT
• PROPOSED ACQUISITIONS
• PROPOSED DIVERSIFICATION
• PROPOSED IASC
• PROPOSED AMENDMENTS

(COLLECTIVELY, THE “PROPOSALS”)

(The abbreviations used throughout this announcement are the same as those previously defined in the announcements dated 9 September 2014 and 12 September 2014).

 

Further to the announcements dated 9 September 2014 and 12 September 2014 in relation to the Proposals, on behalf of the Board of Directors of IDEAL, M&A Securities Sdn Bhd wishes to announce that Purchaser I and Vendor I on 12 December 2014 entered into a Rental Guarantee Agreement wherein Vendor I guarantees that the gross annual rental income to be derived by Purchaser I from Property I for the FYEs 31 December 2016 and 31 December 2017 shall not be less than RM720,000 and RM1,080,000 respectively (hereinafter referred to as the “Guaranteed Rental”).

 

The following are the salient terms of the Rental Guarantee Agreement:

 

1. Vendor I unconditionally and irrevocably guarantees and undertakes to Purchaser I that the gross annual rental income to be derived from Property I based on the audited financial statements of Purchaser I for the financial years ending 31 December 2016 and 2017 shall not be less than the Guaranteed Rental.

 

2. Vendor I agrees, covenants and undertakes with Purchaser I that, upon completion of the final audit of the financial statements of Purchaser I for the respective financial years, in the event that the actual gross annual rental income derived from Property I for the financial years ending 31 December 2016 and 2017 shall be less than the Guaranteed Rental (any amount of such shortfall in the actual gross annual rental income shall hereinafter be referred to as the “Shortfall”), then and in such event, the Shortfall shall be made good by deducting an equivalent amount from the Retention Sum (as hereinafter defined) and the unutilised balance of the Retention Sum for each respective financial year shall be released to Vendor I within ten (10) working days from the date of receipt by Purchaser I of its audited financial statements.

 

3. As a form of security to the Guaranteed Rental, Vendor I agrees and authorises Purchaser I to retain an amount equivalent to the Guaranteed Rental from the purchase consideration of Property I (“Retention Sum”). Purchaser I shall be entitled to use/deduct from the Retention Sum, an equivalent amount to make good any Shortfall. 

 

4. The representations, guarantee and warranty as stated above shall subsist and remain irrevocable unless and until the completion of the final audit of the financial statements of Purchaser I for the relevant period showing satisfaction of the Guaranteed Rental.

 

5. This guarantee shall be governed by the laws of Malaysia.

 

Accordingly, the parties to SPA I have on the same date, via a Supplemental Agreement to SPA I,  mutually agreed to vary and make corresponding changes to certain terms of SPA I pursuant to the creation of the Rental Guarantee Agreement. The following are the salient terms of the Supplemental Agreement:

 

1. Completion Date and Manner of Payment of Total Consideration

 

 Notwithstanding anything to the contrary in SPA I, the parties hereto agree and undertake that the balance of the Total Consideration shall be paid by Purchaser I to Vendor I as follows:-

 

 (a) the balance of the Total Consideration amounting to Ringgit Malaysia Sixteen Million Two Hundred Thousand (RM16,200,000-00) less the Retention Sum of Ringgit Malaysia One Million Eight Hundred Thousand (RM1,800,000-00) shall be paid by the Purchaser to the Vendor on or before ninety (90) days from the Unconditional Date or such extension as may be mutually agreed by the parties (hereinafter referred to as “the Completion Period” and the date on which the balance of the Total Consideration less the Retention Sum is paid in full shall hereinafter be referred to as "the Completion Date"); and

 

 (b) the Retention Sum shall be dealt with by Purchaser I in accordance with the terms of the Rental Guarantee Agreement namely, in the event that the actual gross annual rental income to be derived from Property I based on the audited financial statements of Purchaser I for the financial years ending 31 December 2016 and 2017 is less than the Guaranteed Rental, Purchaser I shall be entitled to deduct from the Retention Sum such amount equivalent to the shortfall and the unutilised balance of the Retention Sum for each respective financial year shall be released to the Vendor within ten (10) working days from the date of receipt by the Purchaser I of its audited financial statements.

 

2. Amendment to SPA I 

 

 The parties agree that the relevant provisions in SPA I shall be amended and construed in accordance with clause 1 above.

 

 Save for the amendments and variations to SPA I pursuant to the terms of this Supplemental Agreement, the terms and provisions of SPA I shall remain valid, enforceable and binding on the parties to the extent that the same remain outstanding and/or unperformed unless the same have been expressly waived.

 

3. Definitions and Interpretations

 

 Words and expressions used in this Supplemental Agreement shall, unless otherwise required by the context or unless otherwise specifically specified herein, have the meanings assigned to them in SPA I.

 

 The rules of usage and interpretation as set out in SPA I shall, unless otherwise required by the context or unless otherwise specified herein, apply to this Supplemental Agreement.

 

 

This announcement is dated 12 December 2014.



TEXCYCL - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameTEX CYCLE TECHNOLOGY (M) BERHAD (ACE Market) 
Stock Name TEXCYCL  
Date Announced12 Dec 2014  
CategoryGeneral Announcement
Reference NoCC-141210-7996E

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionTex Cycle Technology (M) Berhad
- Directors' Disclosures of Dealings in Securities pursuant to Rule 14.09 of the Ace Market Listing Requirements ("AMLR").

Pursuant to Paragraph 14.09 of the AMLR, the following Director has given notice of his dealing in the securities of the Company, details as set out in the table below:-

Name of Director
Date of Acquisition
No. of Ordinary Shares of RM0.10 Each Acquired
Price per Share (RM)
% of Shares Acquired
Periasamy A/L Sinakalai
10.12.2014
10,000
0.56
0.006

This announcement is dated 10 December 2014.




TEXCYCL - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameTEX CYCLE TECHNOLOGY (M) BERHAD (ACE Market) 
Stock Name TEXCYCL  
Date Announced12 Dec 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-141212-D3865

Date of buy back12/12/2014
Description of shares purchasedOrdinary Shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)43,500
Minimum price paid for each share purchased ($$)0.560
Maximum price paid for each share purchased ($$)0.560
Total consideration paid ($$)24,360.00
Number of shares purchased retained in treasury (units)43,500
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)1,627,880
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 (%)0.96


CONNECT - Change of Address

Announcement Type: Change of Address
Company NameCONNECTCOUNTY HOLDINGS BERHAD (ACE Market) 
Stock Name CONNECT  
Date Announced12 Dec 2014  
CategoryChange of Address
Reference NoC&-141201-40053

Change descriptionCorrespondence 
Old address 2ND FLOOR
WISMA HO WAH GENTING
NO. 35, LEVEL 2
JALAN MAHARAJALELA
50150 KUALA LUMPUR 
New addressNO. 12-1 (1ST FLOOR)
JALAN RADIN BAGUS 9
SRI PETALING
57000 KUALA LUMPUR 
Name of Registrar 
Telephone no03-21439099 
Facsimile no03-21458699 
E-mail address 
Effective date15/12/2014 


GREENYB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameGREENYIELD BERHAD  
Stock Name GREENYB  
Date Announced12 Dec 2014  
CategoryGeneral Announcement
Reference NoCK-141212-54724

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionDEALING BY DIRECTOR IN THE SECURITIES OF GREENYIELD BERHAD ("GREENYIELD") DURING CLOSED PERIOD

Pursuant to Paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Director of GREENYIELD has given notice of his dealing in the securities of GREENYIELD as set out below:-

Name of Director

Date of Transfer

Number of Ordinary Shares of RM0.10 each (direct)*

Price per share (RM)

Percentage (%)

Tham Foo Keong

12.12.2014

(2,000,000)

-

0.599



GREENYB - Changes in Director's Interest (S135) - Tham Foo Keong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGREENYIELD BERHAD  
Stock Name GREENYB  
Date Announced12 Dec 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-141212-53835

Information Compiled By KLSE

Particulars of Director

NameTham Foo Keong
AddressLot 359, Jalan Bayu Nyaman
Country Heights Kajang
43000 Kajang
Selangor Darul Ehsan
Descriptions(Class & nominal value)Ordinary Shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Transferred
12/12/2014
2,000,000
 

Circumstances by reason of which change has occurredTransfer to son
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)8,973,160 
Direct (%)2.69 
Indirect/deemed interest (units)183,283,880 
Indirect/deemed interest (%)54.92 
Date of notice12/12/2014

Remarks :
Indirect interest comprises:
(a) 19,162,560 shares through spouse;
(b) 2,000,000 shares through son; and
(c) 162,121,320 shares through Greenyield Holdings Sdn Bhd by virtue of Section 6A of the Companies Act, 1965


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