April 20, 2012

Company announcements: CWORKS, GPACKET, BAHVEST, DGSB, MMCCORP, GENTING

CWORKS - MATERIAL LITIGATION

Announcement Type: General Announcement
Company Name: CWORKS SYSTEMS BERHAD (ACE Market)
Stock Name: CWORKS
Date Announced: 20/04/2012

Announcement Detail:
Type: Announcement

Subject: MATERIAL LITIGATION

Description: CWorks Systems Berhad ("CWorks" or "the Company")
- Shah Alam High Court Suit No. MT6-22-1551-2006
CWorks vs Metronic Global Berhad


GPACKET - OTHERS

Announcement Type: General Announcement
Company Name: GREEN PACKET BERHAD
Stock Name: GPACKET
Date Announced: 20/04/2012

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: GREEN PACKET BERHAD ("GPB" OR "THE COMPANY")

DISPOSAL BY THE COMPANY OF ITS 70% SHAREHOLDINGS IN ITS SUBSIDIARY, MOBILITI ONE INTERNATIONAL PTE LTD ("MOBILITI ONE"), TO DR. TANG PEN SAN FOR A TOTAL CASH CONSIDERATION OF S$1.00 ONLY ("DISPOSAL")


BAHVEST - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company Name: BORNEO AQUA HARVEST BERHAD (ACE Market)
Stock Name: BAHVEST
Date Announced: 20/04/2012

Announcement Detail:
Type: Announcement

Subject: DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD

Description: This is to notify that the Company has received notification from directors of the Company of their dealing in securities of the Company as follows:


DGSB - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: DIVERSIFIED GATEWAY SOLUTIONS BERHAD (ACE Market)
Stock Name: DGSB
Date Announced: 20/04/2012

Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd

Sponsor: M&A Securities Sdn Bhd

Date of change: 20/04/2012

Name: Au Yong Kam Weng

Age: 55

Nationality: Malaysian

Type of change: Redesignation

Previous Position: Chairman of Audit Committee

New Position: Member of Audit Committee

Directorate: Independent & Non Executive

Qualifications: Malaysian Association of Certified Public Accountants(MACPA)
Malaysian Institute of Accountants (MIA)

Working experience and occupation: • 1982-1989- Financial Controller, Asian Pac Holdings Bhd (formerly known as Pegi (M) Bhd)
• 1989-1990 Financial Controller, South Malaysia Industries Bhd
• 1990-1991 - General Manager - Finance, Mahajaya Sdn Bhd
• 1991-1992 - General Manager - Avetani Sdn Bhd
• 1993-1998 - Remissier, Pengkalen Securities Sdn Bhd
• 1999 - Present - Remissier, Hwang-DBS Securities Bhd

Directorship of public companies (if any): Formis Resources Berhad

Family relationship with any director and/or major shareholder of the listed issuer: Not Applicable

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): 1. Hoe Kah Soon (Chairman) (Independent Non-Executive Director)
2. Au Yong Kam Weng (Member) (Independent Non-Executive Director)
3. Chan Hiok Khiang (Member) (Independent Non-Executive Director)


DGSB - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: DIVERSIFIED GATEWAY SOLUTIONS BERHAD (ACE Market)
Stock Name: DGSB
Date Announced: 20/04/2012

Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd

Sponsor: M&A Securities Sdn Bhd

Date of change: 20/04/2012

Name: Dato' Gan Nyap Liou @ Gan Nyap Liow

Age: 57

Nationality: Malaysian

Type of change: Redesignation

Previous Position: Non-Executive Director

New Position: Chairman

Directorate: Independent & Non Executive

Qualifications: Dato' Gan obtained his accounting qualification in 1978 and was admitted to be a member of the Chartered Association of Certified Accountants and a member of the Malaysian Institute of Accountants in 1982. Dato' Gan is a chartered accountant and a certified management consultant.

Working experience and occupation: Upon obtaining his accounting qualification, he joined Accenture, a global management and technology consulting firm, where he served for 26 years until his retirement in December 2004. Dato' Gan held many global leadership roles including managing partner for Asia, Chairman of the International Advisory Committee and member of the Global Management Council. He also managed Accenture's multi-billion dollar venture capital fund in Asia Pacific from 1999 to 2003, where he traveled extensively to evaluate innovative technologies and high-growth markets, concluding several investments in China, Japan, Australia and Singapore.

Dato' Gan has previously served as the chairman of the Association of Computer Industry Malaysia (PIKOM), member of the Malaysia US Business Council, Ministry of Science and Technology Think Tank, Malaysia Copyright Tribunal and The Labuan International Financial Exchange Committee.

He is the Chairman of the British Chamber of Commerce, Trustee of Yayasan Tuanku Nur Zahirah and Director of Badan Pengawas Pemegang Saham Minoriti Berhad (Minority Shareholder Watchdog Group).

Directorship of public companies (if any): 1. Tanjong Public Limited Company
2. Ambank (M) Berhad
3. Amcorp Properties Berhad
4. AmIslamic Bank Berhad
5. Tien Wah Press Holdings Berhad
6. Cuscapi Berhad
7. Catcha Media Berhad
8. Prestariang Berhad
9. Saujana Resort (M) Berhad
10. AMMB Holdings Berhad
11. Formis Resources Berhad

Family relationship with any director and/or major shareholder of the listed issuer: Not Applicable

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


DGSB - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: DIVERSIFIED GATEWAY SOLUTIONS BERHAD (ACE Market)
Stock Name: DGSB
Date Announced: 20/04/2012

Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd

Sponsor: M&A Securities Sdn Bhd

Date of change: 20/04/2012

Name: Hoe Kah Soon

Age: 53

Nationality: Malaysian

Type of change: Appointment

Designation: Chairman of Audit Committee

Directorate: Independent & Non Executive

Qualifications: Mr Hoe holds a Bachelor of Accounting Degree from University Malaya, with a first class honours. After graduation in 1982, he joined Arthur Andersen (Audit Division) where he successfully completed his MACPA examination in 1983.

Working experience and occupation: After graduation in 1982, Mr Hoe joined Arthur Andersen (Audit Division) where he successfully completed his MACPA examinations.

In 1984, he transferred to its Consulting Division (which eventually became Accenture) and was admitted to global partnership in 1995. He was a Senior Executive (Partner) with Accenture until 2006 with wide ranging senior leadership roles and responsibilities across the years. This ranges from global, regional (Asia) and country leadership for various market segments and client portfolio as well as business and organisation capability development.

Following are some key leadership role:
a) Country Managing Partner (Taiwan) [1997-2002]
b) Malaysia Leadership team [from 1995]
c) Asia Leadership team [1997-2002]
d) Indonesia Leadership team [2002-2004]
e) Resource Operating Head (Malaysia) [2003-2006]
f) Global People Matter Board (Asia Representative) [1999-2002]
g) Asia Large Scale project Quality Assurance [2000-2006]

He highly experienced in large scale program and project management for many multinationals corporations across industries. He held various program/project director leadership roles for these large scale transformational programs, driven by definition of new business strategies, enabled by technology solutions, process reengineering, and organisation change.

Currently, he is an Independent Non-Executive Director of IFCA MSC Berhad.

Directorship of public companies (if any): IFCA MSC Berhad

Family relationship with any director and/or major shareholder of the listed issuer: Not Applicable

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): 1. Hoe Kah Soon (Chairman) (Independent Non-Executive Director)
2. Au Yong Kam Weng (Member) (Independent Non-Executive Director)
3. Chan Hiok Khiang (Member) (Independent Non-Executive Director)


DGSB - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: DIVERSIFIED GATEWAY SOLUTIONS BERHAD (ACE Market)
Stock Name: DGSB
Date Announced: 20/04/2012

Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd

Sponsor: M&A Securities Sdn Bhd

Date of change: 20/04/2012

Name: Chan Hiok Khiang

Age: 55

Nationality: Malaysian

Type of change: Appointment

Designation: Member of Audit Committee

Directorate: Independent & Non Executive

Qualifications: Mr Chan was a graduate from Imperial College London where he obtained his Bachelor of Science (Engineering) with 1st Class Honors.

He was awarded Sarawak Shell Scholarship for his studies in Imperial College (1976 - 1979)

Working experience and occupation: Mr Chan has over 25 years of experience in management and engineering consulting.

He was formerly a consulting partner with Accenture, the largest global management consulting firm. Before he retired from Accenture in December 2004, he was head of Products Industry for Malaysia and Thailand with special emphasis on automotive and health care. He spent a total of 21 years with Accenture in Kuala Lumpur and Singapore.

While with Accenture, he served in a variety of industries and management positions including responsibility for staff training, recruitment and business process consulting for Malaysia and eCommerce in Asia. In his role as a management consultant, he led and managed large IT systems implementation projects, developed business and technology strategy for large enterprises and led numerous business consulting engagements.

Between 2000 and 2002, he was one of the general partners dealing with venture capital investments and corporate development work for Accenture in Asia Pacific.

Between 2005-2009, he served as an independent director with IFCA MSC Sdn Bhd. He is presently Chairman of the Board of Cuscapi Outsourcing Sdn Bhd, a wholly owned subsidiary of Cuscapi Berhad.

Currently, he is a Director with Omaggi (Consulting) Sdn Bhd, a management consulting firm he helped started in late 2006.

Directorship of public companies (if any): Nil

Family relationship with any director and/or major shareholder of the listed issuer: Not Applicable

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): 1. Hoe Kah Soon (Chairman) (Independent Non-Executive Director)
2. Au Yong Kam Weng (Member) (Independent Non-Executive Director)
3. Chan Hiok Khiang (Member) (Independent Non-Executive Director)


DGSB - OTHERS

Announcement Type: General Announcement
Company Name: DIVERSIFIED GATEWAY SOLUTIONS BERHAD (ACE Market)
Stock Name: DGSB
Date Announced: 20/04/2012

Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd

Sponsor: M&A Securities Sdn Bhd

Type: Announcement

Subject: OTHERS

Description: Change of Composition of the Nomination Committee and Remuneration Committee


MMCCORP - OTHERS

Announcement Type: General Announcement
Submitting Merchant Bank: N/A
Company Name: MMC CORPORATION BERHAD
Stock Name: MMCCORP
Date Announced: 20/04/2012

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: THE KLANG VALLEY MASS RAPID TRANSIT PROJECT
- Award of the Underground Works Package


GENTING - OTHERS

Announcement Type: General Announcement
Company Name: GENTING BERHAD
Stock Name: GENTING
Date Announced: 20/04/2012

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY


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