May 20, 2015

Company announcements: ARK, PHARMA, IRETEX, MLGLOBAL

ARK - General Meetings: Notice of Meeting

Announcement Type: General Meeting
Company Name ARK RESOURCES BERHAD
Stock Name ARK
Date Announced 20 May 2015
Category General Meeting
Reference Number GMA-19052015-00033

Type of Meeting Annual General Meeting
Indicator Notice of Meeting
Description
NOTICE OF NINETEENTH ANNUAL GENERAL MEETING
Date of Meeting 16 Jun 2015
Time 10:00 AM
Venue
ROYAL COMMONWEALTH SOCIETY, 
NO. 4, JALAN BIRAH, DAMANSARA HEIGHTS, 
50490 KUALA LUMPUR
Date of General Meeting Record of Depositors 10 Jun 2015


Please refer attachment below.

Attachments

Notice of AGM.pdf
33.5 kB




ARK - Quarterly rpt on consolidated results for the financial period ended 31/03/2015

Announcement Type: Financial Results
Company Name ARK RESOURCES BERHAD
Stock Name ARK
Date Announced 20 May 2015
Category Financial Results
Reference Number FRA-20052015-00009

Financial Year End 31 Dec 2015
Quarter 1 Qtr
Quarterly report for the financial period ended 31 Mar 2015
The figures have not been audited

Attachments

BOD-Q1 2015.doc
181.8 kB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2015

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2015
31 Mar 2014
31 Mar 2015
31 Mar 2014
$$'000
$$'000
$$'000
$$'000
1 Revenue
5,230
1,911
5,230
1,911
2 Profit/(loss) before tax
502
19
502
19
3 Profit/(loss) for the period
502
19
502
19
4 Profit/(loss) attributable to ordinary equity holders of the parent
502
19
502
19
5 Basic earnings/(loss) per share (Subunit)
1.17
0.05
1.17
0.05
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.4900
0.4800

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence




PHARMA - OTHERS PROPOSED JOINT VENTURE WITH MODERN HEALTHCARE SOLUTIONS COMPANY LIMITED (MODERN) FOR THE CONSTRUCTION AND OPERATION OF A PHARMACEUTICAL MANUFACTURING PLANT IN THE KINGDOM OF SAUDI ARABIA (PROPOSED JOINT VENTURE)

Announcement Type: General Announcement for PLC
Company Name PHARMANIAGA BERHAD
Stock Name PHARMA
Date Announced 20 May 2015
Category General Announcement for PLC
Reference Number GA1-20052015-00078

Type Announcement
Subject OTHERS
Description
PROPOSED JOINT VENTURE WITH MODERN HEALTHCARE SOLUTIONS COMPANY LIMITED (MODERN) FOR THE CONSTRUCTION AND OPERATION OF A PHARMACEUTICAL MANUFACTURING PLANT IN THE KINGDOM OF SAUDI ARABIA (PROPOSED JOINT VENTURE)

Reference is made to the Company’s earlier announcements dated 20 May 2013, 3 June 2013, 18 February 2014, 25 June 2014, 17 November 2014 and 18 May 2015 in relation to the Proposed Joint Venture.

We wish to clarify that the Joint Venture Agreement had lapsed on 16 May 2015 (being the Long-Stop Date).

The risk assessment conducted by the Company indicated low level viability. In light of these findings, the Company is extremely cautious to proceed with the Proposed Joint Venture.  Nevertheless, as at 18 May 2015 when the announcement was made, both parties were still open to explore other mechanism or possibilities to work together.

This announcement is dated 20 May 2015.






IRETEX - Qualified Opinion on the Audited Financial Statements for the financial year ended 31 December 2014

Announcement Type: General Announcement for PLC
Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 20 May 2015
Category General Announcement for PLC
Reference Number GA1-20052015-00088

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-13052015-00002
Subject Qualified Opinion on the Audited Financial Statements for the financial year ended 31 December 2014
Description
Qualified Opinion on the Audited Financial Statements for the financial year ended 31 December 2014
Query Letter Contents

We refer to your Company’s announcement dated 11 May 2015, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) Rationale for appointing Sanjung AMS Sdn Bhd (“AMS”) to undertake the upgrading the plant and equipment.

2) Background information on AMS, including but not limited to the principal activities, directors, major shareholders and completed projects and whether they have capabilities and know-how technology in carrying out the upgrading works.

3) The expected commencement and completion date of the upgrading works to be carried out by AMS together with its status.

4) Further clarification on the intended purposes for Zoomic Automation (M) Sdn Bhd to purchase machinery from Future Rank Sdn Bhd (“FR”) and for your Company to undertake the upgrading of the plant and equipment with AMS.

5) The nature of the machinery to be purchased from FR as well as the plant and equipment to be upgraded by AMS and to specify the differences of these assets and equipment.

6) It is noted that the initial agreement was to purchase the machinery and equipment from FR. However, the subsequent agreement with AMS was entered into for the upgrading of the plant and equipment. In this respect, please provide the rationale for such change.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
HENG TECK HENG
Vice President, Issuers,
Listing Division, Regulation
IJ/TEK

Cc : Market Surveillance Dept. , Securities Commission (via fax)

Further to Ire-Tex Corporation Berhad’s (the “Company” or “ITCB”) announcement on 5 May 2015, Bursa Malaysia Securities Berhad’s (“Bursa Securities”) query on 7 May 2015 and ITCB’s reply on 11 May 2015 and Bursa Securities’ query on 13 May 2015, the Company wishes to reply as follows:

1)     The proposal by AMS to the Board of Directors rationalised that with the upgrading of the plant and equipment, the factory would be able to benefit from:

a)    Better quality control with lower rejection rate
b)    Up to 300% improvement in overall equipment effectiveness, and
c)    Lower operating cost with less human intervention thus reducing headcount on the plant floor.

 

2) Based on a search carried out at the Companies Commission of Malaysia, AMS was incorporated in Malaysia on 8 May 2013 under the Companies Act, 1965. The authorized share capital of AMS is currently RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each of which RM2.00 consisting of 2 ordinary shares of RM1.00 each have been issued and fully paid-up.

The Directors and shareholders of AMS are as follows: -

Directors

1.    Lee Seik Fun
2.    Chan Hong Wai

Shareholders

No. of shares held in AMS

Percentage (%)

Chua Chian Lee

1

50

Lee Seik Fun

1

50

Total

2

100

Based on the profile provided by AMS to the Company, the principal activity of AMS is providing turnkey solution for industrial automation, providing upgrade for legacy/brownfield project and providing maintenance solution and repair services.
    
Based on the profile provided by AMS to the Company, the key stakeholders of AMS have between 15-20 years of experience in industrial automation specializing in programmable logic control, drive and Scada solutions and they have experience in providing services and turnkey solution to both local and multi-national companies. 

 

3) AMS has confirmed via its letter dated 21 April 2015 to ITCB that it will proceed with the execution of the project with immediate effect.

AMS has confirmed that it should complete the upgrading works within 4 months subject to timely approval of drawings or documents from ITCB.

 

4) The machinery was to be used by ITCB Group and was to be built by Zoomic Automation (M) Sdn Bhd (“ZASB”).  Although ZASB has the technical expertise to produce the machinery and equipment, ZASB’s management was busy with their expansion into the LED market and did not have the resources to design and build the machinery and equipment at that time. Hence, ZASB decided to outsource the project to FR.

Former Directors had represented to the Board that the machinery outsourced to FR would automate certain labour intensive work in pallet making and corrugator and carton manufacturing operations thereby enabling ITCB Group to save on labour cost, improve efficiency by saving time as well as cut down on space utilization at the factory.

However, due to the failure of ZASB and its supplier FR to deliver the project, a former director of the Company had decided to terminate the agreement with FR and appoint AMS to upgrade the Company’s plant and machinery instead.

As noted in paragraph 1, the proposal by AMS to the Board of Directors rationalised that the upgrading of the plant and equipment would enable the factory to benefit from better quality control, improvement in overall equipment effectiveness and lower operating cost with less human intervention thus reducing headcount on the plant floor although it would be in a different area of ITCB’s operation i.e. in corrugator manufacturing operations.

 

5) The machinery to be purchased from FR were unrelated to the plant and equipment to be upgraded by AMS.

The machinery to be purchased from FR were as follows:

 

Description of machinery

Purpose

a)

Fully automated wooden pallet nailing system

Automate a manual-based pallet making system in order to reduce labor cost

 

Wooden pallet vision inspection scanning system

Computerised vision system to improve early detection of pallet rejects and reduce finished good rejects.

 

Automated stacker system

Automate manual-based pallet stacker system to reduce labor cost and improve efficiency

b)

Automated conveyor system

Computerised conveyor for pallet to reduce labor cost and improve efficiency

c)

Laminating and folding machine

Automated lamination and folding of cartons to reduce labor cost and improve efficiency

d)

Flat-bed corrugated carton sheet cutting system

Automated sheet cutting of corrugator paper to cater for more orders received from customers and to increase capacity

The plant and equipment to be upgraded by AMS, all of which relates to corrugator manufacturing, are as follows:

 

Description of machinery

Purpose

a)

Gluing machine replacement

Upgrading to increase efficiency/throughput of gluing process

b)

Printing machine line

Computerised printing to increase efficiency/throughput 

c)

Line forming machine

Automating forming machine to increase efficiency/throughput 

d)

Die cutting machine reconditioning

Computerised cutting process to reduce labor costs

 

6)     Due to the failure of ZASB and its supplier FR to deliver the new machinery and equipment, a former director of the Company had decided to terminate FR and appoint AMS to upgrade the Company’s plant and machinery instead.

 

 





MLGLOBAL - Changes in Sub. S-hldr's Int. (29B) - DATUK WIRA LIM HOCK GUAN DCSM, DMSM, PJK, JP

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name ML GLOBAL BERHAD
Stock Name MLGLOBAL
Date Announced 20 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-19052015-00114

Particulars of substantial Securities Holder

Name DATUK WIRA LIM HOCK GUAN DCSM, DMSM, PJK, JP
Address No. 37 Jalan PJU 1A/51
Idaman Villas, Damansara Idaman
Petaling Jaya
47301 Selangor
Malaysia.
NRIC/Passport No/Company No. 611230106533
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary share of RM0.50
Name & address of registered holder 1. M & A Nominee (Tempatan) Sdn Bhd Bahari & Bahari for LBS Bina Group Berhad No 45-1 & 47-1, The Boulevard Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur 2. LBS Bina Group Berhad Plaza Seri Setia, Level 1-4 No. 1, Jalan SS9/2 47300 Petaling Jaya Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 19 May 2015
49,700
0.410

Circumstances by reason of which change has occurred Acquired of shares via open market transactions
Nature of interest Indirect
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 21,489,623
Indirect/deemed interest (%) 23.97
Total no of securities after change 21,489,623
Date of notice 20 May 2015



MLGLOBAL - Changes in Sub. S-hldr's Int. (29B) - DATO' SRI LIM HOCK SAN SSAP, DSSA, JP

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name ML GLOBAL BERHAD
Stock Name MLGLOBAL
Date Announced 20 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-19052015-00116

Particulars of substantial Securities Holder

Name DATO' SRI LIM HOCK SAN SSAP, DSSA, JP
Address No. 9, Legenda Putera (Jalan PJU 1A/57)
Damansara Legenda
Petaling Jaya
47410 Selangor
Malaysia.
NRIC/Passport No/Company No. 580104105215
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary share of RM0.50
Name & address of registered holder 1. M & A Nominee (Tempatan) Sdn Bhd Bahari & Bahari for LBS Bina Group Berhad No 45-1 & 47-1, The Boulevard Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur 2. LBS Bina Group Berhad Plaza Seri Setia, Level 1-4 No. 1, Jalan SS9/2 47300 Petaling Jaya Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 19 May 2015
49,700
0.410

Circumstances by reason of which change has occurred Acquired of shares via open market transactions
Nature of interest Indirect
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 21,489,623
Indirect/deemed interest (%) 23.97
Total no of securities after change 21,489,623
Date of notice 20 May 2015



MLGLOBAL - Changes in Sub. S-hldr's Int. (29B) - DATUK LIM HOCK SEONG

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name ML GLOBAL BERHAD
Stock Name MLGLOBAL
Date Announced 20 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-19052015-00119

Particulars of substantial Securities Holder

Name DATUK LIM HOCK SEONG
Address No. 5, Legenda Puteri 3 (Jalan PJU 1A/58A)
Damansara Legenda
Petaling Jaya
47410 Selangor
Malaysia.
NRIC/Passport No/Company No. 650625106355
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary share of RM0.50
Name & address of registered holder 1. M & A Nominee (Tempatan) Sdn Bhd Bahari & Bahari for LBS Bina Group Berhad No 45-1 & 47-1, The Boulevard Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur 2. LBS Bina Group Berhad Plaza Seri Setia, Level 1-4 No. 1, Jalan SS9/2 47300 Petaling Jaya Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 19 May 2015
49,700
0.410

Circumstances by reason of which change has occurred Acquired of shares via open market transactions
Nature of interest Indirect
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 21,489,623
Indirect/deemed interest (%) 23.97
Total no of securities after change 21,489,623
Date of notice 20 May 2015



MLGLOBAL - Changes in Director's Interest (S135) - DATO' SRI LIM HOCK SAN SSAP, DSSA, JP

Announcement Type: Changes in Director's Interest Pursuant to Section 135
Company Name ML GLOBAL BERHAD
Stock Name MLGLOBAL
Date Announced 20 May 2015
Category Changes in Director's Interest Pursuant to Section 135
Reference Number CS4-19052015-00027

Information Compiled By KLSE

Particulars of Director

Name DATO' SRI LIM HOCK SAN SSAP, DSSA, JP
Address No. 9, Legenda Putera (Jalan PJU 1A/57)
Damansara Legenda
Petaling Jaya
47410 Selangor
Malaysia.
Descriptions(Class & nominal value) Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
19/05/2015
49,700
0.410

Circumstances by reason of which change has occurred
Acquired of shares via open market transactions
Nature of interest
Indirect
Consideration (if any)
RM0.41 per share

Total no of securities after change

Direct (units) 0
Direct (%) 0.000
Indirect/deemed interest (units) 21,489,623
Indirect/deemed interest (%) 23.970
Date of notice 20/05/2015


Remarks :
1) The total percentage of shares acquired by LBS Bina Group Berhad was 0.06% of the total issued and paid up capital of the Company. 2) This announcement serves as a notification pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


MLGLOBAL - Changes in Sub. S-hldr's Int. (29B) - LBS BINA GROUP BERHAD

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name ML GLOBAL BERHAD
Stock Name MLGLOBAL
Date Announced 20 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-19052015-00115

Particulars of substantial Securities Holder

Name LBS BINA GROUP BERHAD
Address Plaza Seri Setia, Level 1-4
No. 1, Jalan SS9/2
Petaling Jaya
47300 Selangor
Malaysia.
NRIC/Passport No/Company No. 518482H
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary share of RM0.50
Name & address of registered holder 1. M & A Nominee (Tempatan) Sdn Bhd Bahari & Bahari for LBS Bina Group Berhad No 45-1 & 47-1, The Boulevard Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur 2. LBS Bina Group Berhad Plaza Seri Setia, Level 1-4 No. 1, Jalan SS9/2 47300 Petaling Jaya Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 19 May 2015
49,700
0.410

Circumstances by reason of which change has occurred Acquired of shares via open market transactions
Nature of interest Direct
Direct (units) 21,489,623
Direct (%) 23.97
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 21,489,623
Date of notice 20 May 2015



MLGLOBAL - Changes in Sub. S-hldr's Int. (29B) - GATERICH SDN BHD

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name ML GLOBAL BERHAD
Stock Name MLGLOBAL
Date Announced 20 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-19052015-00117

Particulars of substantial Securities Holder

Name GATERICH SDN BHD
Address Plaza Seri Setia, Level 1-4
No. 1, Jalan SS9/2
Petaling Jaya
47300 Selangor
Malaysia.
NRIC/Passport No/Company No. 517406V
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary share of RM0.50
Name & address of registered holder 1. M & A Nominee (Tempatan) Sdn Bhd Bahari & Bahari for LBS Bina Group Berhad No 45-1 & 47-1, The Boulevard Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur 2. LBS Bina Group Berhad Plaza Seri Setia, Level 1-4 No. 1, Jalan SS9/2 47300 Petaling Jaya Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 19 May 2015
49,700
0.410

Circumstances by reason of which change has occurred Acquired of shares via open market transactions
Nature of interest Indirect
Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 21,489,623
Indirect/deemed interest (%) 23.97
Total no of securities after change 21,489,623
Date of notice 20 May 2015



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