April 7, 2011

Company announcements: ABRIC-WB, IRIS, SANICHI, FBMKLCI-EA, CIMBA40, CIMBC25, CIMB, IOICORP, BSTEAD

ABRIC-WB - null

Announcement Type: Listing Information & Profile
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: ABRIC BERHAD
Stock Name: ABRIC-WB
Date Announced: 07/04/2011

Announcement Detail:
Instrument Type: Warrants

Description: RENOUNCEABLE RIGHTS ISSUE OF 49,526,250 WARRANTS ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.30 HELD AT 5.00 P.M. ON 16 MARCH 2011 AT AN ISSUE PRICE OF RM0.03 PER WARRANT

Listing Date: 13/04/2011

Issue Date: 08/04/2011

Issue/ Ask Price: MYR 0.0300

Issue Size Indicator: Unit

Issue Size in Unit: 49,526,250

Maturity Date: 07/04/2016

Exercise/ Conversion Period: 5.00 Year(s)

Revised Exercise/ Conversion Period: 0.00

Exercise/Strike/Conversion Price: MYR 0.3000

Revised Exercise/Strike/Conversion Price: MYR 0.0000

Exercise/ Conversion Ratio: 1:1

Mode of satisfaction of Exercise/ Conversion price: Cash

Settlement Type/ Convertible into: Physical (Shares)

Remarks: The Warrants shall be exercisable at any time within the period commencing on, and inclusive of, the date of issue of the Warrants and ending on the Maturity Date, or if such date is not a market day, then it shall be the market day immediately preceding the said non market day, but excluding the five (5) clear market days prior to a books closure date or entitlement date announced by the Company and those days during that period on which the Record of Depositors and/or the Warrants Register is or are closed. Warrants not exercised during the Exercise Period will thereafter lapse.

The Exercise Price may be from time to time be adjusted in accordance with the provisions of the Deed Poll dated 4 March 2011 constituting the Warrants.


IRIS - null

Announcement Type: General Announcement
Company Name: IRIS CORPORATION BERHAD (ACE Market)
Stock Name: IRIS
Date Announced: 07/04/2011

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: UNINCORPORATED JOINT VENTURE AGREEMENT BETWEEN IRIS CORPORATION BERHAD ("ICB" OR "THE COMPANY) AND PRINTIS TRANSPORT TECHNOLOGIES SDN.BHD. (793605-A) ("PRINTIS").


SANICHI - null

Announcement Type: Listing Circular
Company Name: SANICHI TECHNOLOGY BERHAD (ACE Market)
Stock Name: SANICHI
Date Announced: 07/04/2011

Announcement Detail:
Subject: (I) PUBLIC REPRIMAND ON SANICHI TECHNOLOGY BERHAD
(II) PUBLIC REPRIMAND ON 2 DIRECTORS; MANAGING DIRECTOR ALSO FINED RM25,000

Contents: BREACHES OF RULES 9.16(1)(a) AND 16.13(b) OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("ACE LR")
Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands SANICHI TECHNOLOGY BERHAD ("SANICHI" or "the Company") for breach of Rule 9.16(1)(a) of the ACE LR.

The Company is also required to:
(a) carry out a limited review on its quarterly report submissions. The limited review must be performed by the Company's external auditors for four quarterly reports commencing no later from the Company's quarterly report for the financial period ended 31 March 2011. The quarterly report announcements must state that it has been reviewed by the Company's external auditors; and (b) ensure all its directors and the relevant personnel of the Company attend a training programme in relation to compliance with the ACE LR particularly pertaining to financial statements.
Pursuant to Rule 9.16(1)(a) of the ACE LR, a listed issuer must ensure that each announcement is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
Pursuant to Rule 16.13(b) of the ACE LR, a director of a listed issuer must not permit, either knowingly or where he had reasonable means of obtaining such knowledge, a listed issuer to commit a breach of the ACE LR.
SANICHI had breached Rule 9.16(1)(a) of the ACE LR for failing to ensure that the Company's 4th quarterly report for the financial period ended 30 June 2009 ("4th QR 2009") which was announced on 28 August 2009 took into account the adjustments as stated in the Company's announcement dated 30 October 2009.
The Company had reported an unaudited loss after taxation and minority interest of RM6,222 million in the 4th QR 2009 as compared to an audited loss after taxation and minority interest of RM10,835 million in its annual audited accounts for the financial year ended 30 June 2009 ("AAA 2009"). The difference of RM4,613 million between the unaudited results and the audited results for the financial year ended 30 June 2009 represents a deviation of approximately 74.14% ("Deviation"). The variance was mainly due to the provision for doubtful debts of RM3.69 million in the AAA 2009.
Bursa Securities also publicly reprimands Dato' Dr. Pang Chow Huat and Datin Chen Choon Lee, the Managing Director and Executive Director of SANICHI respectively for breach of Rule 16.13(b) of the ACE LR for permitting knowingly or where they had reasonable means of obtaining such knowledge the Company to commit the above breach.
In addition, a fine of RM25,000 is imposed on Dato' Dr. Pang Chow Huat who was also the director primarily responsible for the financial management of SANICHI.
The directors had failed to discharge their duties including to undertake reasonable assessment and enquiries to ascertain and ensure that the 4th QR 2009 had incorporated the provision for doubtful debts so as to give a true and fair view of the state of affairs of the Company's financial position as at the financial year ended 30 June 2009 and in compliance with Rule 9.16(1)(a) of the ACE LR notwithstanding that the issue of provision for doubtful debts was brought to their attention by the external auditors prior to the release of the 4th QR 2009.
The finding of breach and imposition of the above penalties on SANICHI and the directors were made pursuant to Rule 16.19 of the ACE LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including the factors giving rise to and materiality of the deviation, the impact of the breach and in relation to the directors, the roles and responsibilities of the respective directors in the Company particularly pertaining to financial management, preparation and review of financial statements. Bursa Securities views the above contravention seriously as the requirement for companies to submit financial statements that are factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions in accordance with the ACE LR is one of the fundamental obligations of companies listed on the Official List of Bursa Securities.
Bursa Securities reminds SANICHI and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to its shareholders and the investing public. In this respect, the Company and its directors are required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the listing requirements at all times.


FBMKLCI-EA - null

Announcement Type: General Announcement
Company Name: FTSE BURSA MALAYSIA KLCI ETF
Stock Name: FBMKLCI-EA
Date Announced: 07/04/2011

Announcement Detail:
Type: Announcement

Subject: NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Description: FBM KLCI etf - Valuation Point as at 7 April 2011

Attachments: FBM KLCI etf 20110407.xls


CIMBA40 - null

Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 07/04/2011

Announcement Detail:
Type: Announcement

Subject: NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Description: Fund: CIMB FTSE ASEAN 40 Malaysia
Date: 07-Apr-2011
NAV per unit (RM): 1.5954
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,777.74

Attachments: ASEAN40-07042011.pdf


CIMBA40 - null

Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 07/04/2011

Announcement Detail:
Type: Announcement

Subject: NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Description: Fund: CIMB FTSE ASEAN 40 Malaysia
Date: 07-Apr-2011
NAV per unit (RM): 1.5954
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10,777.74

Attachments: ASEAN40-07042011.pdf


CIMBC25 - null

Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE CHINA 25
Stock Name: CIMBC25
Date Announced: 07/04/2011

Announcement Detail:
Type: Announcement

Subject: NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Description: Fund: CIMB FTSE China 25
Date: 07-Apr-2011
NAV per unit (RM): 1.0742
Units in circulation (units): 19,500,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 20,333.56

Attachments: CHINA25-07042011.pdf


CIMB - null

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 07/04/2011

Announcement Detail:
Date of buy back from: 31/03/2011

Date of buy back to: 06/04/2011

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 76

Minimum price paid for each share purchased ($$): 7.850

Maximum price paid for each share purchased ($$): 8.240

Total amount paid for shares purchased ($$): 634.11

The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad

Number of shares purchased retained in treasury (units): 76

Total number of shares retained in treasury (units): 2,471

Number of shares purchased which were cancelled (units): 0

Date lodged with registrar of companies: 07/04/2011

Lodged by: CIMB Group Holdings Berhad

Remarks: c.c. Securities Commission


IOICORP - null

Announcement Type: General Announcement
Company Name: IOI CORPORATION BERHAD
Stock Name: IOICORP
Date Announced: 07/04/2011

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: Statement by IOI Corporation Berhad

Attachments: Sarawak Natives (04042011).pdf


BSTEAD - null

Announcement Type: General Announcement
Submitting Merchant Bank: AFFIN INVESTMENT BANK BERHAD
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 07/04/2011

Announcement Detail:
Type: Announcement

Subject: TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Description: BOUSTEAD HOLDINGS BERHAD ("BHB")
PROPOSED MANDATORY TAKE-OVER OFFER BY BHB TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN PHARMANIAGA BERHAD ("PHARMANIAGA SHARES") NOT ALREADY OWNED BY BHB AND ITS PERSON(S) ACTING IN CONCERT FOR A CASH OFFER PRICE OF RM5.75 PER PHARMANIAGA SHARE ("OFFER").


No comments:

Post a Comment