April 23, 2015

Company announcements: GHLSYS, EFFICEN, TEXCYCL, FRONTKN, DGB, MPAY

GHLSYS - OTHERS GHL SYSTEMS BERHAD ("GHL" OR "THE COMPANY")- PRESS RELEASE ON AGREEMENT ENTERED INTO BETWEEN GHL AND CIMB BANK BERHAD ("THE AGREEMENT")

Announcement Type: General Announcement for PLC
Company Name GHL SYSTEMS BERHAD
Stock Name GHLSYS
Date Announced 23 Apr 2015
Category General Announcement for PLC
Reference Number GA1-23042015-00037

Type Announcement
Subject OTHERS
Description 
GHL SYSTEMS BERHAD ("GHL" OR "THE COMPANY")- PRESS RELEASE ON AGREEMENT ENTERED INTO BETWEEN GHL AND CIMB BANK BERHAD ("THE AGREEMENT")

Please find attached GHL's Press Release in relation to the Agreement.

Information on the Agreement

The Agreement to commence operations to acquire merchants under Payment Service Provider (“PSP”) arrangement with CIMB Bank Berhad was signed on 23 April 2015.

The Agreement commenced on 23 April 2015 and remains in effect for an initial 3 years and renewable subject to negotiation. There is no initial sales value under the Agreement. Revenue earned by GHL is derived from terminal rental and merchant discount rate​s ​that will continue as long as GHL sign’s​-up merchants for card acceptance as a TPA​/PSP​ with CIMB Bank Berhad.

The Agreement is expected to contribute positively to GHL group in the financial year ending 31 December 2015 and onwards. ​There are no changes to the share capital and shareholding structure as a result of this agreement.

GHL Group will continue to be exposed to similar business, financial, operational and investment risks in the payments industry that the Group is presently involved in. These risks include, ​but are ​not limited to​, changes in the economic and political environment, inflation and interest rates, taxation, currency fluctuations, legislative and regulatory policy changes. In addition, the Agreement is also dependent on the performance of the ​Malaysia economy, inflation, interest rates, and policy changes.

None of the Directors or major shareholders of GHL or any person connected to the Directors or major shareholders have any interest, direct or indirect, in the Agreement.

The Board is of the opinion that the Agreement is in the best interest of the Company.

This announcement is dated 23 April 2015.

 


Please refer attachment below.

Attachments

Press Release_GHL Partners with CIMB Bank for TPA 23042015 vII.pdf
228.2 kB


EFFICEN - OTHERS Efficient E-Solutions Berhad ("Efficient" or "Company") Proposed Share Buy-Back by Efficient E-Solutions Berhad of Up to 10% of Its Own Issued and Paid-up Share Capital

Announcement Type: General Announcement for PLC
Company Name EFFICIENT E-SOLUTIONS BERHAD
Stock Name EFFICEN
Date Announced 23 Apr 2015
Category General Announcement for PLC
Reference Number GA1-23042015-00116

Type Announcement
Subject OTHERS
Description 
Efficient E-Solutions Berhad ("Efficient" or "Company")
Proposed Share Buy-Back by Efficient E-Solutions Berhad of Up to 10% of Its Own Issued and Paid-up Share Capital

The Board of Directors of Efficient wishes to inform that the Company will seek its shareholders' approval for the Proposed Share Buy-Back by Efficient E-Solutions Berhad of Up to 10% of Its Own Issued and Paid-up Share Capital at the forthcoming Twelfth Annual General Meeting.

A Circular to Shareholders containing information of the Proposal together with the Company's Annual Report 2014 will be despatched to the shareholders of the Company in due course.

This announcement is dated 23 April 2015.



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

Announcement Type: General Announcement for PLC
Company Name TEX CYCLE TECHNOLOGY (M) BERHAD
Stock Name TEXCYCL
Date Announced 23 Apr 2015
Category General Announcement for PLC
Reference Number GA1-22042015-00127

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

Pursuant to Rule 14.09 of the AMLR, the following Director has given notice of his direct dealings 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 and percentage
Ho Siew Choong
20.04.2015
10,000 (0.006%)

This announcement is dated 23 April 2015.



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

Announcement Type: General Announcement for PLC
Company Name FRONTKEN CORPORATION BERHAD
Stock Name FRONTKN
Date Announced 23 Apr 2015
Category General Announcement for PLC
Reference Number GA1-23042015-00067

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
Description 
FRONTKEN CORPORATION BERHAD (FCB or the Company)
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
- Principal Officer's Disclosure of Dealing in Securities

In compliance with paragraph 14.08 of Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Frontken Corporation Berhad ("the Company") wishes to announce that Mohd Shukri Bin Hitam the principal officer had transacted in the securities of the Company.

Details of the transactions are set out in the table below.

Type of Securities

Date of Transaction

Type of Transaction

Price per share

No. of Shares

% of Company's Issued Capital

Ordinary Shares of RM0.10 each

21 April 2015

Disposal

0.275

1,500,000

0.143
 

22 April 2015

Disposal

0.295

500,000

0.0475

Notes:
*The percentage of shareholding excludes 4,966,600 ordinary shares of RM0.10 each bought back by the Company and retained as treasury shares.

This announcement is dated 23 April 2015.



FRONTKN - OTHERS Proposed renewal of authority for the Company to purchase its own ordinary shares of not more than 10% of the issued and paid-up share capital of the Company

Announcement Type: General Announcement for PLC
Company Name FRONTKEN CORPORATION BERHAD
Stock Name FRONTKN
Date Announced 23 Apr 2015
Category General Announcement for PLC
Reference Number GA1-22042015-00020

Type Announcement
Subject OTHERS
Description 
Proposed renewal of authority for the Company to purchase its own ordinary shares of not more than 10% of the issued and paid-up share capital of the Company

The Board of Directors of Frontken Corporation Berhad ("Company") wishes to announce that the Company intends to seek its shareholders' approval for the proposed renewal of authority for the Company to purchase its own ordinary shares of not more than 10% of the issued and paid-up share capital of the Company at its forthcoming Annual General Meeting.

A share buy-back statement containing details of the above proposal will be despatched to the shareholders of the Company in due course.

This announcement is dated 23 April 2015.



FRONTKN - Annual Audited Accounts - 31 Dec 2014

Announcement Type: Document Submission
Company Name FRONTKEN CORPORATION BERHAD
Stock Name FRONTKN
Date Announced 23 Apr 2015
Category Document Submission
Reference Number DCS-21042015-00030

Subject Annual Audited Accounts - 31 Dec 2014


Please refer attachment below.

Attachments

Frontken Audited Accounts 2014.pdf
1.0 MB


DGB - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING RIGHTS ISSUE OF SHARES WITH WARRANTS

Announcement Type: General Announcement for PLC
Company Name DGB ASIA BERHAD
Stock Name DGB
Date Announced 23 Apr 2015
Category General Announcement for PLC
Reference Number GA1-23042015-00080

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description 
RIGHTS ISSUE OF SHARES WITH WARRANTS

We refer to our announcements dated 10 September 2014, 11 September 2014, 27 January 2015, 6 February 2015, 9 February 2015, 19 March 2015, 20 March 2015, 1 April 2015 and 2 April 2015 in relation to the Rights Issue of Shares with Warrants (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that as at the close of acceptance, excess application and payment for the Rights Issue of Shares with Warrants at 5.00 p.m. on 17 April 2015 (“Closing Date”), the total valid acceptances and excess applications received for the Rights Issue of Shares with Warrants was 413,208,163 Rights Shares with Warrants, representing approximately 126.75% of the Rights Shares with Warrants available for acceptances under the Rights Issue of Shares with Warrants, which represents an over-subscription rate of 26.75%.

The details of valid acceptances and excess applications received as at the Closing Date are as follows:

  No. of Rights Shares with Warrants Percentage of total Rights Shares with Warrants available for acceptance (%)
Total valid acceptances

255,642,463

 78.42
Total valid excess applications 157,565,700 48.33
Total valid acceptances and excess applications 413,208,163 126.75
Total Rights Shares with Warrants available for subscription 326,000,000 100.00
Over-subscription 87,208,163 26.75

The Board has applied the following basis in allocating the excess Rights Shares with Warrants, in accordance with the Abridged Prospectus dated 2 April 2015:

  1. firstly, to minimise the incidence of odd lots;
  2. secondly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for the excess Rights Shares with Warrants, taking into consideration their respective shareholdings in the Company as at the Entitlement Date;
  3. thirdly, on a pro-rata basis and in board lots, to the Entitled Shareholders who have applied for excess Rights Shares with Warrants, taking into consideration the quantum of their respective excess application;
  4. fourthly, on a pro-rata basis and in board lots, to the transferees and/or renouncees who have applied for excess Rights Shares with Warrants, taking into consideration the quantum of their respective excess application; and
  5. lastly, in the event that there are still unsubscribed Rights Shares with Warrants after allocating all the excess Rights Shares with Warrants, the remaining unsubscribed Rights Shares with Warrants will be subscribed by the Director and shareholder of DGB, namely Dato’ Dr. Pang, pursuant to his irrevocable and unconditional written undertaking for additional 55,800,000 excess Rights Shares with Warrants.

The Rights Shares with Warrants are expected to be listed and quoted on the ACE Market of Bursa Securities on 5 May 2015.

This announcement is dated 23 April 2015.



MPAY - Change in Principal Officer - WONG WAN KONG

Announcement Type: Change in Principal Officer
Company Name MANAGEPAY SYSTEMS BERHAD
Stock Name MPAY
Date Announced 23 Apr 2015
Category Change in Principal Officer
Reference Number C04-22042015-00002

Date of change 23 Apr 2015
Name Mr WONG WAN KONG
Age 54
Nationality Malaysia
Type of change Resignation
Designation Chief Financial Officer
Reason 
Due to personal reasons
Details of any disagreement that he/she has with the Board of Directors No
Whether there are any matters that need to be brought to the attention of shareholders No
Qualifications 
Not Applicable
Working experience and occupation 
Not Applicable
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


Remarks :
Mr Wong Wan Kong's designation is Financial Controller.

MPAY - Change in Principal Officer - NG WEE KANG

Announcement Type: Change in Principal Officer
Company Name MANAGEPAY SYSTEMS BERHAD
Stock Name MPAY
Date Announced 23 Apr 2015
Category Change in Principal Officer
Reference Number C04-22042015-00001

Date of change 23 Apr 2015
Name Mr NG WEE KANG
Age 46
Nationality Malaysia
Type of change Appointment
Designation Chief Financial Officer
Qualifications 
1) Degree in Accounting from University of Malaya
2) Member of the CPA Australia (Australia)
3) Chartered Accountant of the Malaysian Institute of Accountants (MIA)
Working experience and occupation 
1) Pradotec Corporation Sdn Bhd  2013-2015, Finance Manager
2) Agile Matrix Solutions Sdn Bhd 2008-2012, Finance Manager/Director
3) Goodway Rubber Industries Sdn Bhd 2006-2008, Finance Manager
4) PUC Founder (MSC) Berhad 2001-2006, Finance and Admin Manager
5) Malacca Securities Sdn Bhd 1998-2000, Finance and Admin Manager
6) EON Trading Sdn Bhd 1995-1997, Finance Executive
7) Chunghwa Picture Tubes (Malaysia) Sdn Bhd 1993-1995, Finance Officer
Directorship of public companies (if any) 
Nil
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


Remarks :
Mr Ng Wee Kang's designation is Financial Controller.

MPAY - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS MANAGEPAY SYSTEMS BERHAD ("ManagePay" or the "Company") - Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

Announcement Type: General Announcement for PLC
Company Name MANAGEPAY SYSTEMS BERHAD
Stock Name MPAY
Date Announced 23 Apr 2015
Category General Announcement for PLC
Reference Number GA1-22042015-00070

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description 
MANAGEPAY SYSTEMS BERHAD ("ManagePay" or the "Company")
- Proposed Renewal of Shareholders Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

The Board of Directors of ManagePay wishes to announce that the Company intends to seek shareholders’ approval for the proposed renewal of shareholders’ mandate for recurrent related party transactions of a revenue or trading nature (“Proposed Renewal of Shareholders’ Mandate”) at the forthcoming Annual General Meeting.

Details of the Proposed Renewal of Shareholders’ Mandate will be disclosed in a Circular to the Shareholders which will be despatched to shareholders of the Company in due course.

This announcement is dated 23 April 2015.



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