IRIS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | IRIS CORPORATION BERHAD (ACE Market) |
| Stock Name | IRIS |
| Date Announced | 20 Mar 2015 |
| Category | General Announcement |
| Reference No | IC-150320-61857 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | COMPLETION OF THE PROPOSED ACQUISITION OF ASSETS IN FEATHERSTON RESOURCES LIMITED (“FRL”) UNDER THE SHAREHOLDERS AGREEMENT AMONGST IRIS CORPORATION BERHAD (“THE COMPANY”) AND TWO OTHERS VIA THE JOINT VENTURE COMPANY, PLAMAN RESOURCES LIMITED (“PRL”) FOR A TOTAL INVESTMENT AMOUNT OF AUSTRALIAN DOLLARS THIRTEEN MILLION (AUD13,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM39,372,900) |
COMPLETION OF THE PROPOSED ACQUISITION OF ASSETS IN FEATHERSTON RESOURCES LIMITED (“FRL”) UNDER THE SHAREHOLDERS AGREEMENT AMONGST IRIS CORPORATION BERHAD (“THE COMPANY”) AND TWO OTHERS VIA THE JOINT VENTURE COMPANY, PLAMAN RESOURCES LIMITED (“PRL”) FOR A TOTAL INVESTMENT AMOUNT OF AUSTRALIAN DOLLARS THIRTEEN MILLION (AUD13,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM39,372,900) This announcement is a follow up of the announcements made on 5th and 8th May, 2014 (“Previous Announcements”)
INTRODUCTION The Board of Directors of IRIS Corporation Berhad (“the Company”) is pleased to announce that the Company has completed the acquisition of the assets of Featherston Resources Limited (“FRL”) through its joint venture company, PLAMAN Resources Limited ("PRL"). PRL completed the acquisition of the assets of FRL out of voluntary administration on 17th March, 2015 following the satisfaction of all of the conditions in the Deed of Company Arrangement ("DOCA").
Pursuant to the Shareholders Agreement, upon the acquisition and transfer of 700 ordinary shares equivalent to 70% of PRL’s shareholding , PRL is herein deemed to be a subsidiary of the Company. Pursuant to the elaboration in the Previous Announcements, the principal asset of FRL comprises of a Mining Permit on an area with probable reserves of 6.5 million tonnes of JORC compliant black and white diatomite and an Exploration Permit with estimated probable reserves of 50 to 100 million tonnes of diatomite (“Assets”). The deposits are located in the Central Otago region of New Zealand. The Mining Permit has been extended by the New Zealand Government until 16 November 2033. PRL also received a transfer of all of the mining and resource consents previously held by FRL. This will allow PRL to promptly recommence diatomite mining operations.
The Company has agreed via the Shareholders Agreement to invest a total sum of AUD13.0 Million (or equivalent to RM39,372,900) in PRL. AUD4.8 Million (or equivalent to RM14,537,700) of the invested sum has been utilized for the acquisition of the Assets and NZ$615,000 has been utilized for the acquisition of the mining site at Foulden Hills. The Company will provide the remainder of the invested sum for the payment of expenditure in relation to this acquisition and subsequent working capital funding including further drilling and exploration as well as for operational and marketing expenses of PRL. PLAMAN Group, a private investment group headquartered in Sydney, Australia, acted as the agent for the Company for the DOCA. PLAMAN Group shall provide all on-the-ground management for PRL when it commences mining operations and all marketing activities for the sale of black diatomite resources to potential customers. This announcement is made on 20th March, 2015.
| |
NETX - Changes in Sub. S-hldr's Int. (29B) - Metronic Global Berhad
| Company Name | NETX HOLDINGS BERHAD (ACE Market) |
| Stock Name | NETX |
| Date Announced | 20 Mar 2015 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CA-150320-99016 |
Particulars of substantial Securities Holder
| Name | Metronic Global Berhad |
| Address | No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Wilayah Persekutuan (KL) |
| NRIC/Passport No/Company No. | 632068-V |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.10 each |
| Name & address of registered holder | Metronic Global Berhad No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Wilayah Persekutuan (KL) |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Disposed | 12/03/2015 | 10,000,000 |
| Remarks : |
| Notice received on 20.03.2015 |
CYBERT - Change in Audit Committee
| Company Name | CYBERTOWERS BERHAD (ACE Market) |
| Stock Name | CYBERT |
| Date Announced | 20 Mar 2015 |
| Category | Change in Audit Committee |
| Reference No | CC-150318-7C947 |
| Regularisation Sponsor | TA Securities Holdings Bhd |
| Sponsor | Same as above |
| Date of change | 20/03/2015 |
| Name | Dr. Teh Chee Ghee |
| Age | 48 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Chairman of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | 1. PhD (Credit Management), Faculty of Business & Accountancy, University Malaya, 2010 2. MBA, University of Malaya, 2001 3. CPA(M), The Malaysian Institute of Certified Public Accountants (MICPA), 1994 4. CA (M), The Malaysian Institute of Accountants, 1993 5. FCCA(M), The Chartered Association of Certified Accountants, ACCA(UK), 1993 6. FCTIM, The Chartered Taxation Institute of Malaysia, 1993 7. Bachelor of Accounting (Honours), University of Malaya, 1990 |
| Working experience and occupation | 1. Monash University Malaysia (October 2012 - present) -Senior Lecturer in Accounting and Finance, School of Business 2. TSH Resources Group of Companies (October 2010 - October 2012) - General Manager - Strategic Planning & Operations 3. TH Group Bhd (June 2006 - October 2010) - Personal Assistant (PA) to the Group Managing Director 4. Engtex Group Bhd (August 1996 - May 2006) - Group Financial Controller - Personal Assistant to Group Managing Director - Company Secretary 5. The Zuellig Group (February 1994 - July 1996) - Regional Financial Controller, Gold Coin Feedmills ((M) Sdn. Bhd. - Finance and Administration Manager, CWS Washroom Services (M) Sdn. Bhd. 6. Arthur Andersen & Co. (April 1990 - February 1994) - Branch-in-charge/Experienced Senior - Kuala Terengganu office - Audit Senior/Experienced Audit Assistant - Associate Consultant |
| Directorship of public companies (if any) | Fiamma Holdings Berhad Engtex Group Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Composition of Audit Committee (Name and Directorate of members after change) | Chairman - Dr. Teh Chee Ghee (Independent Non-Executive Director) Member - Low Meng Choon (Independent Non-Executive Director) Member - Goik Kenzu (Independent Non-Executive Director) |
CYBERT - Change in Boardroom
| Company Name | CYBERTOWERS BERHAD (ACE Market) |
| Stock Name | CYBERT |
| Date Announced | 20 Mar 2015 |
| Category | Change in Boardroom |
| Reference No | CC-150318-2117D |
| Regularisation Sponsor | TA Securities Holdings Bhd |
| Sponsor | Same as above |
| Date of change | 20/03/2015 |
| Name | Dr. Teh Chee Ghee |
| Age | 48 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Non-Executive Director |
| Directorate | Independent & Non Executive |
| Qualifications | 1. PhD (Credit Management), Faculty of Business & Accountancy, University Malaya, 2010 2. MBA, University of Malaya, 2001 3. CPA(M), The Malaysian Institute of Certified Public Accountants (MICPA), 1994 4. CA (M), The Malaysian Institute of Accountants, 1993 5. FCCA(M), The Chartered Association of Certified Accountants, ACCA(UK), 1993 6. FCTIM, The Chartered Taxation Institute of Malaysia, 1993 7. Bachelor of Accounting (Honours), University of Malaya, 1990 |
| Working experience and occupation | 1. Monash University Malaysia (October 2012 - present) -Senior Lecturer in Accounting and Finance, School of Business 2. TSH Resources Group of Companies (October 2010 - October 2012) - General Manager - Strategic Planning & Operations 3. TH Group Bhd (June 2006 - October 2010) - Personal Assistant (PA) to the Group Managing Director 4. Engtex Group Bhd (August 1996 - May 2006) - Group Financial Controller - Personal Assistant to Group Managing Director - Company Secretary 5. The Zuellig Group (February 1994 - July 1996) - Regional Financial Controller, Gold Coin Feedmills ((M) Sdn. Bhd. - Finance and Administration Manager, CWS Washroom Services (M) Sdn. Bhd. 6. Arthur Andersen & Co. (April 1990 - February 1994) - Branch-in-charge/Experienced Senior - Kuala Terengganu office - Audit Senior/Experienced Audit Assistant - Associate Consultant |
| Directorship of public companies (if any) | Fiamma Holdings Berhad Engtex Group Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
OPCOM - Change in Boardroom
| Company Name | OPCOM HOLDINGS BERHAD (ACE Market) |
| Stock Name | OPCOM |
| Date Announced | 20 Mar 2015 |
| Category | Change in Boardroom |
| Reference No | OH-150318-36098 |
| Date of change | 20/03/2015 |
| Name | Tan Sri Mokhzani Mahathir |
| Age | 54 |
| Nationality | Malaysian |
| Type of change | Redesignation |
| Previous Position | Non-Executive Director |
| New Position | Chief Executive Officer |
| Directorate | Executive |
| Qualifications | Bachelor of Science in Petroleum Engineering from University of Tulsa, Oklahoma, USA in 1987. |
| Working experience and occupation | He began his career as a Wellsite Operations Engineer with Sarawak Shell Berhad in 1987. He later joined Tongkah Holdings Berhad in 1989 and was appointed as the Group Managing Director, a post he held until 2001. He was the Chairman and Group Chief Executive Officer of Pantai Holdings Berhad until 2001. He was also the Non-Independent Non-Executive Director & Vice Chairman of SapuraKencana Petroleum Berhad until March 2015. Presently, he sits on the board of Maxis Berhad and several other private limited companies. |
| Directorship of public companies (if any) | He sits on the board of Maxis Berhad. |
| Family relationship with any director and/or major shareholder of the listed issuer | He is the brother of Dato' Seri Mukhriz Mahathir and brother-in-law of Tok Puan Norzieta Zakaria, both are major shareholders of Opcom. |
| Any conflict of interests that he/she has with the listed issuer | He has no conflict of interests with the listed issuer. |
| Details of any interest in the securities of the listed issuer or its subsidiaries | None. |
OPCOM - Change in Boardroom
| Company Name | OPCOM HOLDINGS BERHAD (ACE Market) |
| Stock Name | OPCOM |
| Date Announced | 20 Mar 2015 |
| Category | Change in Boardroom |
| Reference No | OH-150318-34914 |
| Date of change | 20/03/2015 |
| Name | Chhoa Kwang Hua |
| Age | 50 |
| Nationality | Malaysian |
| Type of change | Redesignation |
| Previous Position | Executive Director |
| New Position | Others |
| Directorate | Executive |
| Qualifications | Bachelor of Science in Business Administration and Finance (Honours) from Sophia University, Tokyo, Japan in 1988 and a Master of Business Administration (MBA) from Harvard Business School, Boston, Massachusetts in 1992. |
| Working experience and occupation | He has many years of experience gained overseas in the financial and telecommunications business. His involvement is primarily focused on the financial, strategy and business development aspects of Opcom Group. |
| Directorship of public companies (if any) | None. |
| Family relationship with any director and/or major shareholder of the listed issuer | He has no family relationship with any director and/or major shareholder of Opcom. |
| Any conflict of interests that he/she has with the listed issuer | He has no conflict of interests with the listed issuer. |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Ordinary shares Direct interest - 2,717,775 shares |
| Remarks : |
| His position's new title is Deputy Chief Executive Officer effective 20 March 2015. |
RAYA - Changes in Director's Interest (S135) - CHEN HIAN LOONG
| Company Name | RAYA INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | RAYA |
| Date Announced | 20 Mar 2015 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CS-150318-C4ED6 |
Information Compiled By KLSE
Particulars of Director
| Name | CHEN HIAN LOONG |
| Address | 99, JALAN 5,TAMAN TAN YEW LAI JALAN PUCHONG 58200 KUALA LUMPUR |
| Descriptions(Class & nominal value) | ORDINARY SHARES OF RM 0.10 EACH |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 5,500,000 | 0.160 |
| Circumstances by reason of which change has occurred | DISPOSAL OF SHARES |
| Nature of interest | DIRECT |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 0 |
| Direct (%) | 0 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 20/03/2015 |
| Remarks : |
| The Notice was received by the Company on 20 March 2015 |
RAYA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | RAYA INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | RAYA |
| Date Announced | 20 Mar 2015 |
| Category | General Announcement |
| Reference No | CS-150318-C4EBF |
| Type | Announcement | ||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||
| Description | We wish to announce that Mr Chen Hian Loong, an Executive Director of Raya International Berhad, has given notice of his dealing in the securities of Raya International Berhad outside the closed period, details are set out in the table below | ||||||
This announcement is dated 20 March 2015 | |||||||
NEXGRAM - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | NEXGRAM HOLDINGS BERHAD (ACE Market) |
| Stock Name | NEXGRAM |
| Date Announced | 20 Mar 2015 |
| Category | General Announcement |
| Reference No | CS-150316-49855 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | NEXGRAM HOLDINGS BERHAD (“NEXGRAM” OR “THE COMPANY”) - DISPOSAL OF 15,000,000 ORDINARY SHARES OF RM0.05 EACH IN R&A TELECOMMUNICATION GROUP BERHAD (“R&A”), AN ASSOCIATED COMPANY OF NEXGRAM (“DISPOSAL”) |
The Board of Directors of Nexgram wishes to inform that the Company had on The shareholding of Nexgram in R&A after the above Disposal is 66,007,700 R&A Shares, representing 6.83% of the total issued and paid-up shares in R&A. The Disposal does not have any effect on the share capital and substantial shareholders’ shareholdings of Nexgram nor have any material effect on the earnings, net assets or gearing of Nexgram for the current financial year. Mr. Tey Por Yee, being the Chief Executive Officer/ Managing Director and substantial shareholder of Nexgram, is deemed interested in the Disposal by virtue of his indirect interest in R&A pursuant to Section 6A of the Companies Act, 1965. Save as disclosed above, none of the Directors, major shareholders and/or persons connected with the Directors and/or major shareholders of Nexgram have any interest, direct or indirect, in the Disposal. The Board of Directors of the Company, having taken into consideration all aspects of the Disposal, is of the opinion that the Disposal is in the best interest of Nexgram. The highest percentage ratio applicable to the Disposal pursuant to Rule 10.02(g) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.27%. This announcement is dated | |
BAHVEST - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji
| Company Name | BORNEO AQUA HARVEST BERHAD (ACE Market) |
| Stock Name | BAHVEST |
| Date Announced | 20 Mar 2015 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CA-150320-68B08 |
Particulars of substantial Securities Holder
| Name | Lembaga Tabung Haji |
| Address | 201, Jalan Tun Razak, Peti Surat No. 11025, 50732 Kuala Lumpur. |
| NRIC/Passport No/Company No. | ACT 5351995 |
| Nationality/Country of incorporation | Malaysian (Government Agency) |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.10 each |
| Name & address of registered holder | Lembaga Tabung Haji 201, Jalan Tun Razak, Peti Surat No. 11025, 50732 Kuala Lumpur. |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 17/03/2015 | 250,000 |
| Remarks : |
| Notice received on 20.03.2015 |
No comments:
Post a Comment