MTOUCHE - OTHERS MTOUCHE TECHNOLOGY BERHAD ("mTouche" or THE COMPANY") - Transactions carried out between Mobile Touchetek Sdn Bhd (“MTSB”), a wholly owned subsidiary of mTouche and Pearl Legend International Limited (“PLIL”)
| Company Name | MTOUCHE TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | MTOUCHE |
| Date Announced | 13 Jan 2015 |
| Category | General Announcement |
| Reference No | CA-150113-56746 |
| Type | Announcement |
| Subject | OTHERS |
| Description | MTOUCHE TECHNOLOGY BERHAD ("mTouche" or THE COMPANY") - Transactions carried out between Mobile Touchetek Sdn Bhd (“MTSB”), a wholly owned subsidiary of mTouche and Pearl Legend International Limited (“PLIL”) |
The Board of Directors of mTouche wishes to announce that there are possible financial irregularities pertaining to operating expenditure transactions entered into between MTSB, a wholly owned subsidiary of mTouche and PLIL, a third party, from February 2009 to October 2010 amounting to RM6.3 million. The transactions were related to the provision by PLIL of a “quality database for data-mining and marketing of MTSB's services” to users in Malaysia as well as to send out SMSes to the Database (“Database and SMS Services”). Triggering event Following the resignation of two members of the Board of Directors in 2012, the Board of Directors was made aware of vide an anonymous letter dated 26 November 2013 addressed to the Audit Committee Chairman, Mr Yeap Teik Pung, that there may be inconsistencies in the transactions carried out between MTSB and PLIL. The Board of Directors instructed the Management of mTouche to conduct an internal investigation on its records with regards to PLIL and the Database and SMS Services which was concluded in February 2014. The internal investigation revealed that there are no records showing that PLIL had provided any of the Database and SMS Services as stated in the Service Agreement entered into between MTSB and PLIL. The Board of Directors then appointed PKF Advisory Sdn. Bhd. (“PKFA”) on 17 June 2014 to carry out a special audit to assess the nature and circumstances of the said transactions, perform a review of supporting documentation relating to the transactions and perform system checks to determine the veracity of the said transactions. Findings of PKFA On 8 January 2015, PKFA submitted their final report to the Board of Directors. PKFA concluded that the veracity of the payments made to PLIL is highly questionable and there are indications of irregularities, discrepancies, inconsistencies and anomalies in the accounting records and supporting documents with significant payments made to PLIL, whose veracity is suspicious and cannot be reasonably ascertained. A summary of the findings is as follows: 1. Inconsistencies in the payment control process of MTSB pertaining to payments made to PLIL; 2. Non-disclosure of details of the transactions to senior management; 3. Override of controls and policy and procedures; 4. No corresponding sales traced to the services provided by PLIL; 5. Irregularities noted from the review of the contract entered into between MTSB and PLIL; and 6. Uncertainty of the identity of PLIL from the company searches. Financial Impact The Board of Directors is of the view that as the RM6.3 million Operating Expenses has been fully accounted for in the financial years ended 31 December 2009 and 2010, there will be no material impact to the financial statements for the financial year ended 31 December 2014. Follow up actions The Board of Directors have, amongst others, taken the following measures and/or steps to safeguard the best interests of mTouche and its shareholders:- 1. Lodge a police report which was done on 13 January 2015; 2. Seek legal advice on the possible courses of action mTouche can take to recover the losses; and 3. Review the current internal control processes to ensure that similar transactions will not recur. The Board of Directors could not make any announcement earlier as it did not have sufficient evidence to substantiate the allegations and to assess with certainty the financial and operational impact to mTouche. This announcement is dated 13 January 2015
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FOCUS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market) |
| Stock Name | FOCUS |
| Date Announced | 13 Jan 2015 |
| Category | General Announcement |
| Reference No | CC-141231-51702 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | Focus Dynamics Technologies Berhad ("Focus” or "the Company") - Disposal of entire 40% equity interest in Tae Lim Construction Sdn. Bhd. (Formerly known as Focus L&N M&E Sdn. Bhd.) (Company No. 806150-T), the associated company of the Company by Focus Dynamics Drives Sdn. Bhd. ("FDD"), the wholly-owned subsidiary company of Focus |
The Board of Directors of Focus Dynamics Technologies Berhad (‘Focus’ or “the Company”) wishes to announce that Focus Dynamics Drives Sdn. Bhd. (Company No. 555249-D) ("FDDSB" or “the Vendor”), a wholly-owned subsidiary of the Company has on 13 January, 2015 entered into a sale and purchase agreement (“SPA”) with Kim Ryong Cheor (Passport No. 7105378) (“the Purchaser”) for the disposal of the entire equity interest in Tae Lim Construction Sdn. Bhd. (Formerly known as Focus L&N M&E Sdn. Bhd.) (Company No. 806150-T) ("TLCSB") for a sales consideration of RM2.00 (Ringgit Malaysia Two only) (hereinafter referred to as "the Disposal"). Please refer to the attachment for the announcement details. This announcement is dated 13 January, 2015
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CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | CIMB FTSE ASEAN 40 MALAYSIA |
| Stock Name | CIMBA40 |
| Date Announced | 13 Jan 2015 |
| Category | General Announcement |
| Reference No | OB-150113-EA021 |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: CIMB FTSE ASEAN 40 Malaysia Date: 13-Jan-2015 NAV per unit (RM): 1.7933 Units in circulation (units): 1,350,000.00 Management Fee (% p.a.): 0.00 Trustee Fee (% p.a.): 0.08 Index Licence Fee (% p.a.): 0.00 FTSE/ASEAN 40 Index: 10,477.74 |
CIMBC50 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | CIMB FTSE CHINA 50 |
| Stock Name | CIMBC50 |
| Date Announced | 13 Jan 2015 |
| Category | General Announcement |
| Reference No | OB-150113-EA01E |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: CIMB FTSE China 50 Date: 13-Jan-2015 NAV per unit (RM): 1.2653 Units in circulation (units): 11,700,000.00 Management Fee (% p.a.): 0.60 Trustee Fee (% p.a.): 0.08 Index Licence Fee (% p.a.): 0.04 FTSE/Xinhua China 25 Index: 18,782.78 |
MYETFID - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | MYETF MSCI MALAYSIA ISLAMIC DIVIDEND |
| Stock Name | MYETFID |
| Date Announced | 13 Jan 2015 |
| Category | General Announcement |
| Reference No | OB-150113-E358F |
| Type | Announcement |
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
| Description | Fund: MYETFID NAV per unit (RM): 0.9926 Units in circulation (units): 21,600,000.00 Manager's Fee (p.a.): 0.40 Trustee's Fee (% p.a.): 0.045 Index License Fee (% p.a.): 0.06 MSCI Malaysia IMI Islamic HDY 10/40 Index: 2,264.53 |
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MRCB - MULTIPLE PROPOSALS
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 13 Jan 2015 |
| Category | General Announcement |
| Reference No | MI-150113-62717 |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR “COMPANY”) (i) PROPOSED ACQUISITIONS; (ii) PROPOSED FREE WARRANTS; (iii) PROPOSED EXEMPTION; (iv) PROPOSED IASC; AND (v) PROPOSED AMENDMENTS. (TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”) |
We refer to the previous announcements made by RHB Investment Bank, on behalf of the Board in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements. On behalf of the Board, RHB Investment Bank wishes to announce that MRCB had on 6 January 2015, received a notification from the GHC Vendors that:- (i) the approval for the grant of projects on Lot 1 Section 26, Petaling Jaya (“Lot 1”) and Lot 2 Section 26, Petaling Jaya (“Lot 2”) had been issued to a subsidiary of NGD, namely Projekmaju Sdn Bhd; and (ii) GHC has been appointed as the main contractor in respect of the construction and development of Lot 1 and Lot 2. In view of the above and in accordance with Clause 5.2(a) of the GHC SSA (as amended by way of exchange of letters between MRCB and the GHC Vendors on 19 August 2013 and 22 August 2013), the Board has decided to proceed with the settlement of the balance purchase consideration amounting to RM60,923,964 for the Acquisition of GHC (“Balance GHC Consideration”). In this regard, the Company had on 13 January 2015, paid the cash consideration amounting to RM20,000,000 and allotted 26,402,558 MRCB Shares at an issue price of RM1.55 per MRCB Share together with 7,543,588 Warrants to Gapurna Sdn Bhd, being the party nominated by the GHC Vendors to receive the Balance GHC Consideration. This announcement is dated 13 January 2015. | |
KSL - Changes in Sub. S-hldr's Int. (29B) - Ku Wa Chong
| Company Name | KSL HOLDINGS BERHAD |
| Stock Name | KSL |
| Date Announced | 13 Jan 2015 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-150112-8BF47 |
Particulars of substantial Securities Holder
| Name | Ku Wa Chong |
| Address | No. 1, Jalan Hang Tuah Taman Abdullah 85000 Segamat Johor Darul Takzim |
| NRIC/Passport No/Company No. | 471110-01-5125 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.50 each |
| Name & address of registered holder | Ku Wa Chong No. 1, Jalan Hang Tuah Taman Abdullah 85000 Segamat Johor Darul Takzim |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Others | 08/01/2015 | 2,248,314 | 0.800 |
| Remarks : |
| The percentage of holdings is based on the enlarged issued and paid-up capital of the Company of RM414,849,587.00 divided into 829,699,174 ordinary shares of RM0.50 each (excluding 2,541,400 treasury shares) as at 8 January 2015. Direct Interest:- Ku Wa Chong 11,241,574 (1.35%) ======== ====== Indirect Interest:- Premiere Sector Sdn. Bhd. 289,600,000* (34.90%) ========== ======= * Deemed interested via his interest in Premiere Sector Sdn Bhd pursuant to Section 6A of the Companies Act, 1965 |
HLCAP - PUBLIC SHAREHOLDINGS SPREAD
| Company Name | HONG LEONG CAPITAL BERHAD |
| Stock Name | HLCAP |
| Date Announced | 13 Jan 2015 |
| Category | General Announcement |
| Reference No | HC-141223-E0418 |
| Type | Announcement |
| Subject | PUBLIC SHAREHOLDINGS SPREAD |
| Description | HONG LEONG CAPITAL BERHAD ("HLCB" OR THE "COMPANY") Status Announcement on Compliance with the Required Public Shareholding Spread |
We refer to the announcement dated 3 December 2014 where the Company informed that it has applied to Bursa Malaysia Securities Berhad (“Bursa Securities”) for approval of a lower public spread of 18.67% and, alternatively, for a further extension of time of 6 months to comply with the 25% public shareholding spread requirement (“Application”). HLCB writes to inform that Bursa Securities had vide its letter dated 13 January 2015 resolved to reject the Application, after taking into consideration the following: 1. HLCB has not been able to identify and demonstrate that there is a concrete/definitive plan put in place or to be put in place to rectify the shortfall in the public shareholding spread despite having been granted a total of 21 months extension of time from 28 February 2013 until 30 November 2014 to address the shortfall; and 2. The objective of the public shareholding spread requirement under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) is to ensure there is sufficient market liquidity to facilitate the buying and selling of the shares in an orderly manner. The lack of trading liquidity in HLCB shares during the period of non-compliance renders the prices of HLCB shares susceptible to significant price movement arising from trading by a small group of investors. In this regard, Bursa Securities had in the past issued 2 Unusual Market Action queries and on both occasions, HLCB confirmed that it was not aware of any corporate development relating to the HLCB Group’s business and affairs or any other possible explanation that could account for the unusual trading activities. Further to that, Bursa Securities had also issued a Market Alert advising investors to exercise caution and to make informed decision in the trading of HLCB shares in view of the sharp rise in the price of HLCB shares. Bursa Securities had also vide another letter dated 13 January 2015 required the Company to show cause by making a written representation within 5 market days as to why Bursa Securities should not find the Company in breach of Paragraph 8.02(1) of the Listing Requirements and impose one or more penalites including suspension of the trading of the Company’s securities pursuant to Paragraph 16.19(1) of the Listing Requirements. This announcement is dated 13 January 2015. | |
LAYHONG - Changes in Sub. S-hldr's Int. (29B) - Chia Mak Hooi
| Company Name | LAY HONG BERHAD |
| Stock Name | LAYHONG |
| Date Announced | 13 Jan 2015 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CT-150113-2F2AE |
Particulars of substantial Securities Holder
| Name | Chia Mak Hooi |
| Address | No 29 Jalan Kubah U8/59, Bukit Jelutong, 41050 Shah Alam, Selangor |
| NRIC/Passport No/Company No. | 650605-08-6113 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1/- each |
| Name & address of registered holder | QL Resources Berhad No 16A, Jalan Astaka U8/83, Bukit Jelutong, 40150 Shah Alam, Selangor |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 08/01/2015 | 28,300 | 3.420 |
| Acquired | 09/01/2015 | 13,200 | 3.420 |
| Acquired | 12/01/2015 | 10,600 | 3.420 |
| Remarks : |
| 1)This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. 2)This notice was received on 12 January 2015. |
LAYHONG - Changes in Sub. S-hldr's Int. (29B) - Chia Song Kooi
| Company Name | LAY HONG BERHAD |
| Stock Name | LAYHONG |
| Date Announced | 13 Jan 2015 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CT-150113-2F2C7 |
Particulars of substantial Securities Holder
| Name | Chia Song Kooi |
| Address | 2B, Lorong Raja Udang 9, Kingfisher Park PH 2, 88400 Kota Kinabalu, Sabah |
| NRIC/Passport No/Company No. | 600216-10-5733 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1/- each |
| Name & address of registered holder | QL Resources Berhad No 16A, Jalan Astaka U8/83, Bukit Jelutong, 40150 Shah Alam, Selangor |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 08/01/2015 | 28,300 | 3.420 |
| Acquired | 09/01/2015 | 13,200 | 3.420 |
| Acquired | 12/01/2015 | 10,600 | 3.420 |
| Remarks : |
| 1)This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. 2)This notice was received on 12 January 2015. |
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