August 25, 2010

Company announcements: PALETTE, CBSTECH, FRONTKN, KEYASIC

PALETTE - General Announcement

Announcement Type: General Announcement
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 25/08/2010

Announcement Detail:
Type: Announcement

Subject: Palette Multimedia Berhad ("Palette" or "the Company")
Proposed New Shareholders' Mandate for Recurrent Related Party Transaction of a Revenue or Trading Nature ("Proposed New Mandate")

Contents: The Board of Directors of Palette wishes to announce that the Company proposes to seek the approval of its shareholders at an Extraordinary General Meeting to be held for the Proposed New Mandate.

The Circular setting out the details of the Proposed New Mandate will be despatched to the shareholders in due course.


PALETTE - Quarterly rpt on consolidated results for the financial period ended 30/6/2010

Announcement Type: Financial Results
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 25/08/2010

Announcement Detail:
Financial Year End: 31/12/2010

Quarter: 2

Quarterly report for the financial period ended: 30/06/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)


PALETTE - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 25/08/2010

Announcement Detail:
Date of change: 25/08/2010

Type of change: Resignation

Designation: Member of Audit Committee

Directorate: Non Independent & Non Executive

Name: Eg Kaa Chee

Age: 45

Nationality: Malaysian

Qualifications: N/A

Working experience and occupation: N/A

Directorship of public companies (if any): NIL

Family relationship with any director and/or major shareholder of the listed issuer: He is the brother of Eg Kah Yee

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: 1,193,502-Direct
54,834,032-Indirect, deemed interested through his brother Eg Kah Yee

Composition of Audit Committee (Name and Directorate of members after change): Thong Kooi Pin-Independent Non-Executive Director-Member
Abdul Razak bin Dato' Hj Ipap-Non Independent Non Executive Director-Member


PALETTE - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 25/08/2010

Announcement Detail:
Date of change: 25/08/2010

Type of change: Redesignation

Previous Position: Director

New Position: Director

Directorate: Non Independent & Non Executive

Name: Abdul Razak bin Dato' Hj Ipap

Age: 50

Nationality: Malaysian

Qualifications: N/A

Working experience and occupation: N/A

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


PALETTE - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 25/08/2010

Announcement Detail:
Date of change: 25/08/2010

Type of change: Redesignation

Previous Position: Chairman of Audit Committee

New Position: Member of Audit Committee

Directorate: Non Independent & Non Executive

Name: Abdul Razak bin Dato' Hj Ipap

Age: 50

Nationality: Malaysian

Qualifications: N/A

Working experience and occupation: N/A

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

Composition of Audit Committee (Name and Directorate of members after change): Thong Kooi Pin-Independent Non-Executive Director-Member
Abdul Razak bin Dato' Hj Ipap-Non Independent Non Executive Director-Member


CBSTECH - Quarterly rpt on consolidated results for the financial period ended 30/6/2010

Announcement Type: Financial Results
Company Name: CBS TECHNOLOGY BERHAD (ACE Market)
Stock Name: CBSTECH
Date Announced: 25/08/2010

Announcement Detail:
Financial Year End: 31/12/2010

Quarter: 2

Quarterly report for the financial period ended: 30/06/2010

The figures: have not been audited

Currency: Malaysian Ringgit (MYR)


FRONTKN - Commencement of Litigation by a Subsidiary

Announcement Type: General Announcement
Company Name: FRONTKEN CORPORATION BERHAD
Stock Name: FRONTKN
Date Announced: 25/08/2010

Announcement Detail:
Type: Announcement

Subject: Commencement of Litigation by a Subsidiary

Contents: Frontken Corporation Berhad ("FCB" or "Company") wishes to announce that Frontken Petroleum Sdn Bhd ("FPSB"), effectively a 60.1% subsidiary of FCB, had on 25 August 2010 served, via its solicitors, a Writ of Summons together with a Statement of Claims on SGL Carbons Sdn Bhd ("SGL").

FPSB is claiming for a sum of RM1,541,807.20, interest, costs and such further or other reliefs or orders as the Court deems fit.

In February 2009, SGL awarded FPSB the order for busbar welding for an agreed contract sum of RM2.5 million and RM1.4 million for scope 1 and scope 2 respectively. FPSB duly completed substantial part of the work and the remaining work was stopped in or around August 2009 upon mutual agreement/consent.

Various invoices were issued for progress payments, with a sum of RM1,577,007.20 remaining due and owing from SGL. SGL refused to make payments and claimed for a set-off of the sum for delay or late completion of the contract and defective works. The outstanding sum was reduced by FPSB to RM1,541,807.20 out of goodwill after considering the allegations raised by SGL. However, SGL failed, refused and or neglected to settle the revised outstanding sum.

The solicitors of FPSB have advised that SGL does not have a valid claim for set-off against the revised outstanding sum and FPSB has a good chance of successfully recovering the same from SGL. In view thereof, the litigation is not expected to have a material financial impact on the Group (ie. FCB and its subsidiaries).

This announcement is dated 25 August 2010.


KEYASIC - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: KEY ASIC BERHAD
Stock Name: KEYASIC
Date Announced: 25/08/2010

Announcement Detail:
Date of change: 25/08/2010

Type of change: Redesignation

Previous Position: Director

New Position: Director

Directorate: Non Independent & Non Executive

Name: Kevin Hu

Age: 30

Nationality: Taiwanese

Qualifications: N/A

Working experience and occupation: N/A

Directorship of public companies (if any): NIL

Family relationship with any director and/or major shareholder of the listed issuer: He is the son of Benny T. Hu

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


KEYASIC - Change in Chief Executive Officer

Announcement Type: Change in Chief Executive Officer
Company Name: KEY ASIC BERHAD
Stock Name: KEYASIC
Date Announced: 25/08/2010

Announcement Detail:
Date of change: 25/08/2010

Type of change: Appointment

Name: Peng Jieh-Ping

Age: 55

Nationality: American

Qualifications: Bachelor degree in Communication Engineering from Chiao-Tung University, Taiwan and Master degree in Electrical and Electronic from University of Iowa, USA

Working experience and occupation: He started his career as a R&D engineer with AMD Sunnyvale, USA before joining Chips & Technology Inc., a company pioneered in developing graphic and chipset based on IBM personal computer. In 1989, he joined Macronix International Co, Ltd, Taiwan as a founding member where he held various positions as Director of specialty memory, Associate V.P. then V.P. of System Logic. On January 2007, he was appointed as the President of Gateway Silicon Inc., a design service company which subsequently became a wholly-owned subsidiary of Key ASIC Berhad.

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 or its subsidiaries: NIL

Details of any interest in the securities of the listed issuer or its subsidiaries: 278000


KEYASIC - Key ASIC Berhad ("Key ASIC" or "the Company") Outstanding Related Party Receivables

Announcement Type: General Announcement
Company Name: KEY ASIC BERHAD
Stock Name: KEYASIC
Date Announced: 25/08/2010

Announcement Detail:
Type: Announcement

Subject: Key ASIC Berhad ("Key ASIC" or "the Company")
Outstanding Related Party Receivables

Contents: Further to the announcement dated 24 June 2010, the Board of Directors of Key ASIC wish to announce on the outstanding related party receivables as at 30 June 2010 as below:-



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