Company announcements: KSTAR, KOTRA, IE, DISCOMP, M3TECH, GHLSYS, IFCAMSC, DIGISTA, EBWORX, REDTONE

KSTAR - Initial Public Offering
Announcement Type: Initial Public Offering (IPO)
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: K-STAR SPORTS LIMITED
Stock Name: KSTAR
Date Announced: 01/06/2010

Announcement Detail:
Date of listing: 04/06/2010

Units: 88,800,000

Currency: MYR 2.150

Par Value ($$): MYR

Stock code: 5172

Stock name: KSTAR

ISIN code: SG9999006571

Board: Main Market

Sector: CONSUMER PRODUCTS

KOTRA - General Announcement
Announcement Type: General Announcement
Company Name: KOTRA INDUSTRIES BERHAD
Stock Name: KOTRA
Date Announced: 01/06/2010

Announcement Detail:
Type: Announcement

Subject: KOTRA INDUSTRIES BERHAD ("KOTRA" or the "Company")
 DEFENCE AND COUNTERCLAIM AGAINST TAKASO RUBBER PRODUCTS SDN. BHD.("TRPSB"), AND TEE TZE CHERN

Contents: The Board of Directors of KOTRA wishes to announce that Kotra Pharma (M) Sdn. Bhd. ("KPM"), a wholly-owned subsidiary of KOTRA has filed a Defence and Counterclaim dated 1 June 2010 at the Malacca High Court on 1 June 2010 against Takaso Rubber Products Sdn. Bhd. ("TRPSB"), and Tee Tze Chern.

IE - General Announcement
Announcement Type: General Announcement
Company Name: INTELLIGENT EDGE TECHNOLOGIES BERHAD (ACE Market)
Stock Name: IE
Date Announced: 01/06/2010

Announcement Detail:
Type: Announcement

Subject: INTELLIGENT EDGE TECHNOLOGIES BERHAD ("IE" OR "COMPANY")
 - MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO COMPLY WITH THE OBLIGATION TO REGULARISE ITS CONDITION PURSUANT TO GUIDANCE NOTE 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE ACE MARKET

Contents: Reference is made to the First Announcement made by the Company on 28 April 2010 and the monthly announcement made on 4 May 2010 in compliance with Rule 4.1(b) of Guidance Note ("GN") 3 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") for the ACE Market ("ACE LR"), the Board of Directors of IE wishes to inform that the Company is still in the midst of evaluating various options in its endeavour to formulate a plan to regularise the Company's financial condition ("Regularisation Plan").
 
 Premised on the First Announcement and the monthly announcement, the last day for submission of the Regularisation Plan by the Company to Bursa Securities and obtain Bursa Securities' approval to implement the said Regularisation Plan would be by 27 April 2011.
 
 This announcement is dated 1 June 2010.

DISCOMP - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: DISCCOMP BERHAD (ACE Market)
Stock Name: DISCOMP
Date Announced: 01/06/2010

Announcement Detail:
Date of change: 31/05/2010

Type of change: Appointment

Designation: Alternate Director

Directorate: Non Independent & Non Executive

Name: NICHOLAS LIM KEAN HOONG

Age: 29

Nationality: Malaysian

Qualifications: Bachelors Degree in Computer Science and Management Studies (Hons) from Nottingham University

Working experience and occupation: Joined the Chuan Huat Group in June 2006 as the Manager responsible for the operation and marketing of the Steel Services Centre Division of the Chuan Huat Group. Executive Director of CH Reinforcing Steel (M) Sdn Bhd and Bars & Mesh Industries Sdn. Bhd. (both subsidiaries of Chuan Huat Resources Berhad) since July 2009.

Directorship of public companies (if any): None

Family relationship with any director and/or major shareholder of the listed issuer: Mr Nicholas Lim is the son of Dato' Lim Khoon Hock, the Non-Independent & Non-Executive Director

Any conflict of interests that he/she has with the listed issuer: None

Details of any interest in the securities of the listed issuer or its subsidiaries: None

Remarks: Mr Nicholas Lim Kean Hoong was appointed as the alternate director to Dato' Lim Khoon Hock with effect from 31 May 2010

M3TECH - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: M3 TECHNOLOGIES (ASIA) BERHAD (ACE Market)
Stock Name: M3TECH
Date Announced: 01/06/2010

Announcement Detail:
Date of buy back: 01/06/2010

Description of shares purchased: Ordinary Shares of RM0.10 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 20,000

Minimum price paid for each share purchased ($$): 0.185

Maximum price paid for each share purchased ($$): 0.185

Total consideration paid ($$): 3,733.11

Number of shares purchased retained in treasury (units): 20,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 1,574,500

Adjusted issued capital after cancellation  (no. of shares) (units): 0

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.97

GHLSYS - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: GHL SYSTEMS BERHAD
Stock Name: GHLSYS
Date Announced: 01/06/2010

Announcement Detail:
Type: Announcement

Subject: GHL Systems Berhad ("GHL" or Company")
 Proposed Bonus Issue of up to 8,603,065 new ordinary shares of RM0.50 each in GHL ("Bonus Shares") on the basis of one (1) Bonus Share for every twenty (20) existing ordinary shares of RM0.50 each held in GHL ("GHL Shares") ("Proposed Bonus Issue")

Contents: Reference is made to the Company's announcements dated 31 March 2010 and 9 April 2010 in relation to the Proposed Bonus Issue.
 
 On behalf of the Company, Public Investment Bank Berhad wishes to announce that 6,939,885 new GHL Shares will be issued pursuant to the Proposed Bonus Issue.
 
 The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad with effect from 9:00 a.m. on Tuesday, 2 June 2010. 
 
 This announcement is dated 1 June 2010.

IFCAMSC - NOTICE OF 12TH ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: IFCA MSC BERHAD (ACE Market)
Stock Name: IFCAMSC
Date Announced: 01/06/2010

Announcement Detail:
Type: Announcement

Subject: NOTICE OF 12TH ANNUAL GENERAL MEETING

Contents: We wish to announce that the 12th Annual General Meeting ("AGM") of IFCA MSC Berhad ("the Company") will be held at the Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur on Wednesday, 23 June 2010 at 10:00 a.m
 
 Please refer to the attached file for Notice of AGM.

Attachments: Notice for 12th AGM IFCA MSC BERHAD.pdf

DIGISTA - Secured of Orders Amounting to RM29.5 Million
Announcement Type: General Announcement
Company Name: DIGISTAR CORPORATION BERHAD (ACE Market)
Stock Name: DIGISTA
Date Announced: 01/06/2010

Announcement Detail:
Type: Announcement

Subject: Secured of Orders Amounting to RM29.5 Million

Contents: INTRODUCTION
 
 The Board of Directors of Digistar Corporation Berhad ("Digistar" or "Company") is pleased to announce that its wholly-owned subsidiary, Digistar Holdings Sdn Bhd ("DHSB") has secured new orders from its existing and new clients amounting to approximately RM29.5 Million for the supply and integration of various audio-visual system, extra-low-voltage system and hospital communication system. 
 
 
 FINANCIAL EFFECTS
 
 These orders will not have any material effect on Digistar Group's Net Asset for the financial year ending 30 September 2010 and is expected to contribute positively to the future earnings of Digistar Group for the financial year ending 30 September 2010 and 30 September 2011. These orders will be funded by internally generated funds and banks borrowings. The increase in the Company's gearing will depend on the amount of financing required over the tenure of these orders and is temporary in nature, which would reduce accordingly upon their completion.
 
 
 RISK FACTORS
 
 Risk factors affecting the orders include but are not limited to execution risks such as availability of skilled manpower and materials, changes in prices of materials, and changes in political, economic and regulatory conditions. The Company has throughout the years established its track records and expertise to undertake such orders. As such, the management believes that the Company is able to mitigate the abovementioned risk factors.
 
 
 APPROVAL(S) REQUIRED
 
 The acceptance of these orders is not subject to the approval of the shareholders of the Company or any government authorities.
 
 
 DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
 
 None of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company has any direct or indirect interest in these orders.
 
 
 DIRECTORS' STATEMENT
 
 The Board of Directors of Digistar is of the opinion that these orders are in the ordinary course of business and the acceptance of these orders is in the best interest of the Company.
 
 This announcement is dated 1 June 2010.

EBWORX - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: EBWORX BERHAD (ACE Market)
Stock Name: EBWORX
Date Announced: 01/06/2010

Announcement Detail:
Date of buy back: 01/06/2010

Description of shares purchased: Ordinary shares of RM0.10 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 108,000

Minimum price paid for each share purchased ($$): 0.325

Maximum price paid for each share purchased ($$): 0.340

Total consideration paid ($$): 36,590.40

Number of shares purchased retained in treasury (units): 108,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 8,555,500

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.79

REDTONE - REDTONE INTERNATIONAL BERHAD ("REDTONE") OUTSTANDING RELATED PARTY RECEIVABLES
Announcement Type: General Announcement
Company Name: REDTONE INTERNATIONAL BERHAD (ACE Market)
Stock Name: REDTONE
Date Announced: 01/06/2010

Announcement Detail:
Type: Announcement

Subject: REDTONE INTERNATIONAL BERHAD ("REDTONE")
 OUTSTANDING RELATED PARTY RECEIVABLES

Contents: The Board of Directors of REDtone wishes to announce the status of the debts due from related party transactions (which have been outstanding for more than 12 months and which have not been fully settled as at 28 February 2010) as follows: