April 9, 2015

Company announcements: NETX, NOVAMSC, REDTONE, INSTACO, TECFAST, K1, INNITY, INARI, SMTRACK

NETX - Changes in Sub. S-hldr's Int. (29B) - Asia Bioenergy Technologies Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameNETX HOLDINGS BERHAD (ACE Market) 
Stock Name NETX  
Date Announced9 Apr 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-150409-34493

Particulars of substantial Securities Holder

NameAsia Bioenergy Technologies Berhad
Address10th Floor, Menara Hap Seng,
No. 1 & 3 Jalan P. Ramlee,
50250 Kuala Lumpur
NRIC/Passport No/Company No.774628-U
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderAsiabio Capital Sdn. Bhd.
10th Floor, Menara Hap Seng,
No. 1 & 3 Jalan P. Ramlee,
50250 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired08/04/2015
6,000,000
 

Circumstances by reason of which change has occurredDeemed interest through open market acquisition by Asiabio Capital Sdn. Bhd., a wholly-owned subsidiary of Asia Bioenergy Technologies Berhad.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change56,000,000
Date of notice09/04/2015


NETX - Changes in Sub. S-hldr's Int. (29B) - Asiabio Capital Sdn. Bhd.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameNETX HOLDINGS BERHAD (ACE Market) 
Stock Name NETX  
Date Announced9 Apr 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-150409-0E9F6

Particulars of substantial Securities Holder

NameAsiabio Capital Sdn. Bhd.
Address10th Floor, Menara Hap Seng,
No. 1 & 3 Jalan P. Ramlee,
50250 Kuala Lumpur
NRIC/Passport No/Company No.840116-P
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderAsiabio Capital Sdn. Bhd.
10th Floor, Menara Hap Seng,
No. 1 & 3 Jalan P. Ramlee,
50250 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired08/04/2015
6,000,000
 

Circumstances by reason of which change has occurredPurchase of shares in the open market
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change56,000,000
Date of notice09/04/2015


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

Announcement Type: General Announcement
Company NameNOVA MSC BERHAD (ACE Market) 
Stock Name NOVAMSC  
Date Announced9 Apr 2015  
CategoryGeneral Announcement
Reference NoNM-150409-48608

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionNOTICE ON DEALINGS IN SECURITIES OUTSIDE CLOSED PERIOD

Pursuant to the Paragraph 14.09 on the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the following principle officers of the Company has dealt in the securities of the Company as set out in Table 1 hereunder.

Table 1

Name of OfficerDate of DealingsConsideration per Share (RM)Number of Shares Sold% of Issued Share Capital
Tan Yew Soon6 April 20150.20300,0000.06%



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

Announcement Type: General Announcement
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced9 Apr 2015  
CategoryGeneral Announcement
Reference NoCK-150409-86BA9

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionNotification of dealings by Principal Officer pursuant to Rule 14.06(a) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.

In accordance with Rule 14.06(a) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of REDtone International Berhad wishes to announce the following dealings in securities by the Principal Officer:-

Name of Principal Officer

Date of Allotment

Consideration - ESOS Exercise Price

(RM)

No. of Shares Exercised

% of shares

Ng Hui Nooi

09.04.2015

0.145

25,000

0.01

Ng Hui Nooi

09.04.2015

0.250

1,000,000

0.14



INSTACO - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameINSTACOM GROUP BERHAD (ACE Market) 
Stock Name INSTACO  
Date Announced9 Apr 2015  
CategoryGeneral Announcement
Reference NoMI-150409-62366

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionINSTACOM GROUP BERHAD ("INSTACOM" OR THE "COMPANY")

I. PROPOSED RIGHTS ISSUE WITH WARRANTS;

II. PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND

III. PROPOSED AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to our earlier announcements dated 2 March 2015 and 17 March 2015.

On behalf of the Board of Directors of Instacom, RHB Investment Bank Berhad ("RHBIB") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 8 April 2015 (which was received on 9 April 2015), resolved to approve the following:-

i. Admission of the Warrants D to the official list of Bursa Securities and the listing of and quotation for up to 214,757,989 Warrants D to be issued pursuant to the Proposed Rights Issue with Warrants;

ii. Listing of up to 429,515,979 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants;

iii. Listing of up to 214,757,989 new Instacom Shares to be issued arising from the exercise of the Warrants D;

iv. Listing of up to 24,923,428 additional Warrants B to be issued arising from the adjustments pursuant to the Proposed Rights Issue with Warrants ("Additional Warrants B");

v. Listing of up to 9,969,371 additional Warrants C to be issued arising from the adjustments pursuant to the Proposed Rights Issue with Warrants ("Additional Warrants C");

vi. Listing of up to 24,923,428 new Instacom Shares to be issued arising from the exercise of the Additional Warrants B; and

vii. Listing of up to 9,969,371 new Instacom Shares to be issued arising from the exercise of the Additional Warrants C.

The approval by Bursa Securities for the Proposed Rights Issue with Warrants is subject to the following conditions:-

i. Instacom and RHBIB must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the implementation of the Proposed Rights Issue with Warrants;

ii. Instacom and RHBIB to inform Bursa Securities upon completion of the Proposed Rights Issue with Warrants;

iii. Instacom to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Rights Issue with Warrants is completed;

iv. Instacom is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants D as at the end of each quarter together with a detailed computation of listing fees payable; and

v. The Rights Shares are subject to similar moratorium as imposed on the Vendors for the Consideration Shares pursuant to the Proposed Acquisition ((as defined in the I-Power Berhad Circular dated 28 June 2012 ("Circular")) by Bursa Securities pursuant to Rule 3.19 (1) of the Listing Requirements whereby the following amount of the said Consideration Shares held by the Vendors are placed under moratorium as follows:-

(a) 459,000,000 Consideration Shares, representing 100% of the Consideration Shares after the Proposed Offer for Sale (as defined in the Circular) but before the Proposed Private Placement (as defined in the Circular) comprising 153,000,000 Consideration Shares from Chan Chuck Yan and 102,000,000 Consideration Shares from Anne Kung Soo Ching, Ngu Sing Hieng and Wong Say Khim respectively, for a period of six (6) months from the date such Consideration Shares are listed on the ACE Market of Bursa Securities;

(b) Upon expiry of the six (6) months period as provided under sub-paragraph (a) above and under the maximum scenario, up to 325,463,004 Consideration Shares comprising 108,487,668 Consideration Shares from Chan Chuck Yan and 72,325,112 Consideration Shares from Anne Kung Soo Ching, Ngu Sing Hieng and Wong Say Khim respectively, representing 45.0% of the enlarged issued and paid-up share capital of I-Power Berhad after the Proposals (as defined in the Circular), for another period of six (6) months; and

(c) Thereafter, the Vendors may sell, transfer or assign up to a maximum of one third (1/3) per annum of their Consideration Shares under moratorium on a straight-line basis.

The following information on the Rights Shares and Warrants D that are subject to the moratorium are to be submitted to Bursa Malaysia Depository Sdn Bhd upon the announcement of the Book Closure Date for the Proposed Rights Issue with Warrants:-

(a) The name of the shareholder;

(b) The number of Rights Shares and Warrants D respectively; and

(c) The date of expiry of the moratorium.


This announcement is dated 9 April 2015. 



TECFAST - OTHERS TECHFAST HOLDINGS BERHAD ("TECHFAST" OR THE "COMPANY") PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY ("THE PROPOSAL")

Announcement Type: General Announcement
Company NameTECHFAST HOLDINGS BERHAD (ACE Market) 
Stock Name TECFAST  
Date Announced9 Apr 2015  
CategoryGeneral Announcement
Reference NoCM-150402-41622

TypeAnnouncement
SubjectOTHERS
DescriptionTECHFAST HOLDINGS BERHAD ("TECHFAST" OR THE "COMPANY")
PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY ("THE PROPOSAL")

The Board of Directors of Techfast wishes to announce that the Company proposed to seek shareholders' approval for the Proposed Renewal of Share Buy Back Authority ("The Proposal") by way of ordinary resolution at the forthcoming Eleventh Annual General Meeting. 

At the previous Tenth Annual General Meeting held on 16 May 2014, the Company had obtained the shareholders' approval for the authority to purchase its own shares and the authority shall expire at the conclusion of the forthcoming annual general meeting unless the authority is renewed. 

A circular to the shareholders of the Company containing information on the Proposal will be despatched to the shareholders in due course. 

This announcement is dated 9 April 2015. 
  







K1 - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameK-ONE TECHNOLOGY BERHAD (ACE Market) 
Stock Name K1  
Date Announced9 Apr 2015  
CategoryGeneral Announcement
Reference NoCC-150408-D27E3

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionK-ONE TECHNOLOGY BERHAD ("K-ONE" OR "THE COMPANY")
- Dealings in Securities Pursuant to Rule 14.09(a) of the Ace Market Listing Requirements of Bursa Malaysia Securities Berhad ("AMLR")

Pursuant to Rule 14.09(a) of the AMLR, the Company wishes to announce that the Company has today received notifications from the following Principal Officers of the Company, of their dealings in securities of the Company, with details as follows:-

Name of Principal Officer

Date of Dealing/Transaction

Type of Dealing/Transaction

Number of Shares and % of issued Share Capital

Price per Securities (RM)

Goo Kok Khian

6 April 2015

Disposal of Shares

550,000 (0.13%)

0.56

Leong Choi Ling

8 April 2015

Disposal of Shares

240,000 (0.06%)

0.55

This announcement is dated 9 April 2015.



INNITY - OTHERS Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature / Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature

Announcement Type: General Announcement
Company NameINNITY CORPORATION BERHAD (ACE Market) 
Stock Name INNITY  
Date Announced9 Apr 2015  
CategoryGeneral Announcement
Reference NoCK-150402-51434

TypeAnnouncement
SubjectOTHERS
DescriptionProposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature / Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature

The Board of Directors of Innity Corporation Berhad ("ICB" or "the Company") wishes to announce that the Company proposes to seek an approval of its shareholders at the forthcoming Eighth Annual General Meeting of ICB to be convened at a date, which will be notified later, for the following proposals:-

1) Proposed Renewal of the Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders' Mandate"); and

2) Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed New Shareholders' Mandate")

The Circular to Shareholders setting out the details of the Proposed Shareholders' Mandate and Proposed New Shareholders' Mandate will be issued to the shareholders of the Company together with the 2014 Annual Report of the Company in due course.

This announcement is dated 9 April 2015.



INARI - 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 NameINARI AMERTRON BERHAD  
Stock Name INARI  
Date Announced9 Apr 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIA-150409-05CF8

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 incorporationIncorporated in Malaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
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)
Acquired06/04/2015
510,500
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect
Direct (units)41,105,087 
Direct (%)5.69 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change41,105,087
Date of notice07/04/2015


SMTRACK - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameSMTRACK BERHAD (ACE Market) 
Stock Name SMTRACK  
Date Announced9 Apr 2015  
CategoryChange in Audit Committee
Reference NoCC-150409-51366

Date of change09/04/2015
NameDato' Ngiam Foon
Age59
NationalityMalaysian
Type of changeResignation
DesignationChairman of Audit Committee
DirectorateIndependent & Non Executive
QualificationsDato' Ngiam holds professional qualifications from the Institute of Chartered Accountants in England and Wales which he obtained in 1982 and the Chartered Institute of Management Accountants obtained in 1983. He is a member of the Malaysian Institute of Accountants as well as the Malaysian Institute of Management.  
Working experience and occupation Dato' Ngiam is actively involved in the travel and tour industry. He has held leading positions on the Malaysian Association of Tour and Travel Agents (MATTA), since 2005. He was also a board member on the Malaysian Tourism Promotion Board from 2005 to 2009 and was Co-Chairman of the Tourism Focus Group of the Malaysian Services Development Council from 2007 to 2009. He also actively served on several travel advisory boards including Malaysia Healthcare Travel Advisory Board under the Ministry of Health from 2009 to 2011, American Express Global Travel Network Advisory Board from 1996 to 2002 and BCD Travel Global Advisory Council which is one of the largest travel management companies in the world from 2007 to 2009. He is currently the CEO of a group of travel companies including Asia Experience Tours Sdn Bhd and PST Travel Services Sdn Bhd.  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)1. Dato' Sri Hj Mohamed Khalid Bin Yusuf @ Yusup, Non-Independent Non-Executive Chairman (Member)

2. Dato' Seri Chia Kwang Chye, Independent Non-Executive Director (Member)

3. Dr. Lim Boh Soon, Independent Non-Executive Director (Member)

Remarks :
The Company will ensure the vacancy be filled to comply with Rule 15.09(1)(c)within 3 months.


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