IFCAMSC - OTHERS IFCA MSC BERHAD (IFCA OR THE COMPANY) - HEADS OF AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF THE BUSINESS OF PT IFCA CONSULTING INDONESIA (PICI)
| Company Name | IFCA MSC BERHAD |
| Stock Name | IFCAMSC |
| Date Announced | 20 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20052015-00094 |
| Type | Announcement |
| Subject | OTHERS |
| Description | IFCA MSC BERHAD (IFCA OR THE COMPANY) - HEADS OF AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF THE BUSINESS OF PT IFCA CONSULTING INDONESIA (PICI) |
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The Board of Directors of IFCA wishes to announce that the Company has entered into a Heads of Agreement (“HOA”) with PICI on 20 May 2015 to acquire the business of PICI namely its goodwill, receivables and all of the rights of PICI under the contracts for its business for an indicative purchase consideration of RM32 million or its equivalent in IDR, of which 50% is to be satisfied in cash and 50% is to be satisfied via the issuance of new ordinary shares of RM0.10 each in IFCA (“Consideration Share(s)”) (“Proposed Transaction”). The issue price of the Consideration Shares will be determined later based on the five (5)-day volume weighted average market price of IFCA shares prior to the execution of a business sale agreement. PICI is principally engaged in the provision of turnkey business solutions. PICI mainly distributes IFCA’s computer software to the property sector in Indonesia. PICI was incorporated as a private limited company on 28 March 1995 under the present name. It has an authorised share capital of Indonesian Rupiah 330,750,000 comprising 150,000 ordinary shares, all of which are issued and credited as fully paid-up. The Proposed Transaction is conditional upon, inter alia:
The purpose of the HOA is intended to record the indicative intentions of both parties in relation to the Proposed Acquisition and the HOA is not exhaustive and is not intended to be legally binding save for certain obligations set out under the HOA. A detailed announcement on the Proposed Transaction will be made upon the execution of the business sale agreement. The HOA may be inspected at the registered office at 24B, Persiaran Zaaba, Taman Tun Dr. Ismail, 60000 Kuala Lumpur during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 20 May 2015.
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METFSID - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
| Company Name | MYETF MSCI SEA ISLAMIC DIVIDEND |
| Stock Name | METFSID |
| Date Announced | 20 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20052015-00098 |
| Type | Announcement | ||||||||||||||||||
| Subject | NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE |
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| Description | MYETF MSCI SEA ISLAMIC DIVIDEND Valuation Point as at 20-May-15 |
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Please refer attachment below.
EG - ACQUISITION OF 290,790,400 ORDINARY SHARES REPRESENTING 10.22% OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF WE HOLDINGS LIMITED (WE GROUP)
| Company Name | EG INDUSTRIES BERHAD |
| Stock Name | EG |
| Date Announced | 20 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19052015-00040 |
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-19052015-00003 |
| Subject | ACQUISITION OF 290,790,400 ORDINARY SHARES REPRESENTING 10.22% OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF WE HOLDINGS LIMITED (WE GROUP) |
| Description | EG INDUSTRIES BERHAD - REPLY TO BURSA MALAYSIA QUERY ON ANNOUNCEMENT MADE IN RELATION TO THE ACQUISITION OF 290,790,400 ORDINARY SHARES REPRESENTING 10.22% OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF WE HOLDINGS LIMITED (WE GROUP) |
| Query Letter Contents | We refer to your Company’s announcement dated 15 May 2015, in respect of the aforesaid matter. 1) Types of electronic products produced by WE Group. 2) The date on which WE Group had diversified into commodities sectors – coal and iron ore as well as cement and oil; and the date of commencement of such businesses. 3) Percentage of revenue and profit contributed by the electronic products and coal and iron ore respectively based on the latest audited financial statements. 4) To incorporate also the historical financial information of WE Group for the last 3 years together with the commentary thereof. 5) Synergistic business between EG and WE Group. 6) Further elaboration on how the acquisition of WE Group will facilitate information sharing and promoting cross-selling activities as an integrated Electronic Manufacturing Services (EMS) solution provider in each other’s business development activities. 7) Whether EG Industries Berhad (“EG”) will have any Board representative in WE Group, including the number of Board member. 8) Prospects and outlooks for the electronic products in Singapore as well as the coal and iron ore industry in China. 9) To elaborate the risk exposure of EG to the coal, iron ore, cement and oil industries, which EG is currently not exposed to. 10) To incorporate the information as required under Paragraphs 3 and 6, Appendix 10C of the Main Market Listing Requirements. 11) The shareholdings (in percentage) of Jubilee Industries Holdings Limited and/or WE Group in EG. 12) The respective percentage of shareholdings of Terence Tea Yeok Kian in EG and WE Group. 13) Whether the acquisition of WE Group is allowed under the Companies Act, 1965 and the basis thereof. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully, IJ/TEK Cc : Market Surveillance Dept. , Securities Commission (via fax) |
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We refer to Bursa Malaysia Securities Berhad's ("Bursa Securities") query dated 19 May 2015 in relation to the announcement made by EG on 15 May 2015 on the Acquisition of 290,790,400 ordinary shares representing 10.22% of the entire issued and paip-up share capital of WE Holdings Limited (WE Group). The Board of Directors of EG wishes to furnish the addititional information as per attached. This announcement is dated 20 May 2015. |
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Please refer attachment below.
RCECAP - Notice of Shares Buy Back Immediate Announcement
| Company Name | RCE CAPITAL BERHAD |
| Stock Name | RCECAP |
| Date Announced | 20 May 2015 |
| Category | Notice of Shares Buy Back Immediate Announcement |
| Reference Number | SB1-20052015-00004 |
| Date of buy back | 20 May 2015 |
| Description of shares purchased | Ordinary shares of RM0.10 each |
| Currency | Malaysian Ringgit (MYR) |
| Total number of shares purchased (units) | 160,000 |
| Minimum price paid for each share purchased ($$) | 0.335 |
| Maximum price paid for each share purchased ($$) | 0.340 |
| Total consideration paid ($$) | 54,313.14 |
| Number of shares purchased retained in treasury (units) | 160,000 |
| Number of shares purchased which are proposed to be cancelled (units) | |
| Cumulative net outstanding treasury shares as at to-date (units) | 59,274,000 |
| Adjusted issued capital after cancellation (no. of shares) (units) |
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| Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) | 4.44333 |
SJC - OTHERS Seni Jaya Corporation Berhad ("SJCB" or "the Company") - Nomination of Auditors
| Company Name | SENI JAYA CORPORATION BERHAD |
| Stock Name | SJC |
| Date Announced | 20 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20052015-00044 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Seni Jaya Corporation Berhad ("SJCB" or "the Company")
- Nomination of Auditors |
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The Board of Directors of SJCB wishes to inform that the Company had received a Notice of Nomination dated 20 May 2015 from Dato' Blace Teo @ Teo Swee Cheng, a substantial shareholder of the Company, for the nomination of Messrs. Deloitte as Auditors of the Company for the financial year ending 31 December 2015 in place of the retiring Auditors, Messrs Deloitte & Touche and to hold office until the conclusion of the next Annual General Meeting at a remuneration to be determined by the Directors ("Proposed Change of Auditors"). The Proposed Change of Auditors is due to streamlining of operations and condition of portfolios for both Messrs. Deloitte and Messrs. Deloitte & Touche under a single entity. The Proposed Change of Auditors is subject to the shareholders' approval at the forthcoming Twenty-Second Annual General Meeting of the Company to be convened. This announcement is dated 20 May 2015. |
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