October 15, 2012

Company announcements: PALETTE, JOBST, TMCLIFE, GREENYB, MAA, PBBANK, KRETAM, GENP

PALETTE - OTHERS Proposed Disposal of 649,999 Ordinary Shares of USD1 each in PT Palette Multimedia ("PT Palette") representing 99.99% shareholding in PT Palette for a cash consideration of RM1 ("Proposed Disposal")

Announcement Type: General Announcement
Company NamePALETTE MULTIMEDIA BERHAD (ACE Market) 
Stock Name PALETTE  
Date Announced15 Oct 2012  
CategoryGeneral Announcement
Reference NoCK-121015-39656

TypeAnnouncement
SubjectOTHERS
DescriptionProposed Disposal of 649,999 Ordinary Shares of USD1 each in PT Palette Multimedia ("PT Palette") representing 99.99% shareholding in PT Palette for a cash consideration of RM1 ("Proposed Disposal")

1.����������� Introduction

Pursuant to Rule 9.19(25) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, the Board of Directors of Palette Multimedia Berhad ("Palette" or "the Company") wishes to announce that the Company had on 15 October 2012 entered into a Sale and Purchase of Shares Agreement (“SPA”) with Jaliah Binti Jalal and Ismail bin Mohamadeen (collectively known as “the Purchasers”) for the disposal of 649,999 ordinary shares of USD1 each in PT Palette, representing 99.99% shareholding in PT Palette [“the Sale Shares”] for a total cash consideration of RM1 [“Disposal Consideration”].

Upon completion of the Proposed Disposal, PT Palette shall ceased to be a subsidiary of the Company.

2.����������� Information on Purchaser

Name

NRIC No.

Address

Jaliah Binti Jalal

480311-10-5068

No. E402 Blok E,

Bangau Apartment, Bukit Idaman,

68100 Batu Caves, Selangor.

Ismail bin Mohamadeen

420101-10-5217

28-0-7 Jalan 1/2D,

Taman Seri Murni, Off Jalan Ipoh,

68100 Batu Caves, Selangor.

3.����������� Information on PT Palette

PT Palette is a private limited company incorporated in Indonesia under the Foreign Capital Investment Law No. 1/1967 and amended by Law No. 11/1970 and having its last domicile address at Komplek Harco Dua Blok I No. 3, Mangga Dua Selatan, Sawah Besar, Jakarta Pusat 10730. The present paid up capital of PT Palette is USD650,000 comprising of 650,000 ordinary shares of USD1 each.

PT Palette was principally involved in selling of hardware and provision of IT consulting services.PT Palette has been dormant since 2004.

4.����������� Details of the Proposed Disposal

4.1���� Palette is indebted to PT Palette USD532,125.56 (hereinafter referred to as “Palette’s Indebtedness”) [equivalent to RM1,628,304.21 at an exchange rate of USD3.06:RM1).

4.2���� The Purchasers agree to assume Palette’s Indebtedness and�cause PT Palette to waive Palette’s Indebtedness upon completion.Palette shall borne all cost related to the completion of the transfer of the Sale Shares.

4.3���� The total cash consideration for the Proposed Disposal is RM1 after taking into consideration the following:-

(i)��� ������ The accumulated loss of equivalent RM342,918 based on the latest audited financial statements for the financial year ended 31 December 2009;

(ii)��������� The waiver of Palette’s Indebtedness amounting to USD532,125.56; and

(iii)�������� Future cash flow saving of approximately USD5,000 annually in administrative maintenance fees.

5.����������� Rationale for the Proposed Disposal

PT Palette has been dormant since year 2004 and it is more beneficial to the Group on the cost savings from the administrative cost of maintaining PT Palette which amounts to approximately USD5,000 per annum.

6.����������� Financial Effects from the Proposed Disposal

The Proposed Disposal will not have any impact on the Company’s issued and paid-up share capital and substantial shareholders’ shareholdings.

There is no material effect on the group’s earnings, gearing and net assets for the financial year ending 31 December 2012.

7.����������� Approvals Required

The transfer of the Sale Shares is subjected to the approval from relevant authorities from Indonesia. The Proposed Disposal, however, is not subject to approvals of the shareholders of Palette.

8.����������� Directors’ and Major Shareholders’ Interests

None of the Directors and Major Shareholders of Palette and/or persons connected with them have any interest, direct or indirect, in the Proposed Disposal.

9.����������� Directors’ Statement

After having taken into consideration the rationale of the Proposed Disposal, the Board is of the opinion that the Proposed Disposal is in the best interests of Palette.

10.��������� Documents for Inspection

The SPA is available for inspection at the registered office of Palette at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur during normal office hours from Monday to Friday (except public holidays) for a duration of three (3) months from the date of this announcement.



JOBST - Changes in Sub. S-hldr's Int. (29B) - (1) FMR LLC & (2) FIL Limited

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameJOBSTREET CORPORATION BERHAD  
Stock Name JOBST  
Date Announced15 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-121015-9B02C

Particulars of substantial Securities Holder

Name(1) FMR LLC & (2) FIL Limited
Address(1) FMR LLC - 82 Devonshire Street, Boston, MA 02109 and

(2) FIL Limited - c/o Level 11, 167 Macquarie Street, Sydney NSW, 2000 Australia
NRIC/Passport No/Company No.See remarks
Nationality/Country of incorporationDelaware, Boston and Bermuda
Descriptions (Class & nominal value)Ordinary Shares of RM0.20 each
Name & address of registered holderNikko Gravity Equity Fund

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired08/10/2012
3,000
 

Circumstances by reason of which change has occurredSimple Portfolio Investment
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)33,279,600 
Indirect/deemed interest (%)10.38 
Total no of securities after change33,279,600
Date of notice15/10/2012

Remarks :
Company Registration No.: (1) FMR LLC - 3220238 and (2) FIL Limited - EC01462

.

The percentage of indirect interest excludes 625,800 Ordinary Shares of RM0.20 each bought back by the Company and retained as treasury shares.


JOBST - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameJOBSTREET CORPORATION BERHAD  
Stock Name JOBST  
Date Announced15 Oct 2012  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-121015-096B2

Date of buy back from02/10/2012
Date of buy back to11/10/2012
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)256,300
Minimum price paid for each share purchased ($$)2.350
Maximum price paid for each share purchased ($$)2.390
Total amount paid for shares purchased ($$)610,982.52
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)256,300
Total number of shares retained in treasury (units)625,800
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished
Date lodged with registrar of companies15/10/2012
Lodged by Boardroom Corporate Services (KL) Sdn Bhd


TMCLIFE - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameTMC LIFE SCIENCES BERHAD  
Stock Name TMCLIFE  
Date Announced15 Oct 2012  
CategoryGeneral Meetings
Reference NoCA-121011-36944

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting15/10/2012
Time03:00 PM
VenueAuditorium , Tropicana Medical Centre
No. 11, Jalan Teknologi, Taman Sains Selangor 1
PJU 5, Kota Damansara
47810 Petaling Jaya
Selangor Darul Ehsan
Outcome of Meeting

The Directors of TMC Life Sciences berhad ("the Company") wish to announce that the shareholders of the Company have at the Ninth Annual General Meeting ("9th AGM") held this afternoon passed all the resolutions set out in the Notice of the 9th AGM dated 21 September 2012 by way of show of hands.

This announcement is dated 15 October 2012.



TMCLIFE - Quarterly rpt on consolidated results for the financial period ended 31/8/2012

Announcement Type: Financial Results
Company NameTMC LIFE SCIENCES BERHAD  
Stock Name TMCLIFE  
Date Announced15 Oct 2012  
CategoryFinancial Results
Reference NoCA-121011-2D636

Financial Year End31/05/2013
Quarter1
Quarterly report for the financial period ended31/08/2012
The figureshave not been audited

Attachments

Announcement_Q12013.pdf
148 KB


Remarks :
The unaudited condensed consolidated statement of profit or loss and other comprehensive income should be read in conjuction with the audited financial statements for the financial year ended 31 May 2012 and the accompanying explanatory notes attached to the interim financial statements.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/08/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/08/2012
31/08/2011
31/08/2012
31/08/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
16,402
12,492
16,402
12,492
2Profit/(loss) before tax
148
-1,836
148
-1,836
3Profit/(loss) for the period
114
-1,836
114
-1,836
4Profit/(loss) attributable to ordinary equity holders of the parent
2,787
-2,334
2,787
-2,334
5Basic earnings/(loss) per share (Subunit)
0.38
-0.39
0.38
-0.39
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.1500
0.1500

Remarks :
The unaudited condensed consolidated statement of profit or loss and other comprehensive income should be read in conjuction with the audited financial statements for the financial year ended 31 May 2012 and the accompanying explanatory notes attached to the interim financial statements.
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


GREENYB - OTHERS COLLABORATIVE AGREEMENT BETWEEN GREENYIELD INDUSTRIES (M) SDN BHD AND TER STEEGE B.V.

Announcement Type: General Announcement
Company NameGREENYIELD BERHAD  
Stock Name GREENYB  
Date Announced15 Oct 2012  
CategoryGeneral Announcement
Reference NoCK-121008-57131

TypeAnnouncement
SubjectOTHERS
DescriptionCOLLABORATIVE AGREEMENT BETWEEN GREENYIELD INDUSTRIES (M) SDN BHD AND TER STEEGE B.V.

The Board of Directors of Greenyield Berhad ("GREENYB") wishes to announce that its wholly-owned subsidiary, Greenyield Industries (M) Sdn Bhd ("Greenyield Industries")�had signed a Collaborative Agreement ("CA") with Ter Steege B.V. ("Ter Steege") of Netherlands on 15 October 2012.

The CA will see the collaboration between Greenyield Industries and Ter Steege in the development of lawn and garden ("L&G") products and plant pots utilizing the Artstone material ("the Development"). The Artstone material is a proprietary material developed by Greenyield Industries. Greenyield Industries and Ter Steege agreed that the Development will be of high quality, trendy and environmentally friendly and will be marketed�in Europe.

Both parties recognize the benefits of collaborating in their respective development efforts. This CA provides�the foundation for a broader co-sponsored program that would improve efficiencies and avoid redundant and overlapping development activities, through leveraging resources, capabilities and capacities of both parties.

This CA will be effective for three (3) years from the date of signing by both parties. The CA can be extended with the mutual agreement of both parties. Either party may terminate the CA by giving the other party twelve (12) months written notice, unless an earlier termination is mutually agreed upon. This CA in no way restricts either of the parties from participating in any activity with other agencies, companies, organization or individuals.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the CA.

This announcement is dated 15 October 2012.



MAA - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameMAA GROUP BERHAD  
Stock Name MAA  
Date Announced15 Oct 2012  
CategoryChange in Audit Committee
Reference NoCM-120925-54886

Date of change15/10/2012
NameDatuk Seri Razman Md Hashim bin Che Din Md Hashim
Age73
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsDatuk Seri Razman completed his early secondary education in Australia and on completion, studied Accounting and Banking where he became a member of the Australian Institute of Bankers. 
Working experience and occupation Datuk Seri Razman joined Standard Chartered Bank Malaysia Berhad (“SCB”) as an Officer Trainee in 1967. Throughout his 34 years of banking experience in SCB, he served with the bank’s offices in London, Europe, Hong Kong and Singapore. In 1994, he was appointed as the Executive Director/Deputy Chief Executive of SCB until his retirement in June 1999.
In the same month in 1999, Datuk Seri Razman was appointed as Chairman of MBf Finance Berhad by Bank Negara Malaysia until January 2002 when the finance company was sold to Arab-Malaysian Group. He was appointed to the Board of Malaysian Assurance Alliance Berhad (“MAA”) (now known as Zurich Insurance Malaysia Berhad) on 1 July 2006 as an Independent Non-Executive Director and had resigned from the Board of MAA on 30 September 2011.� 
Directorship of public companies (if any)Multi-Purpose Holdings Berhad
SILK Holdings Berhad
MAA Takaful Bhd
Berjaya Land Berhad
Sunway Berhad
Mycron Steel Berhad � 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesDatuk Seri Razman holds 150,000 shares of the Company representing approximately 0.05% equity interest in the Company.� 
Composition of Audit Committee (Name and Directorate of members after change)Mr Onn Kien Hoe (Chairman of the Audit Committee) (Independent Non-Executive Director)
Dato' Narendrakumar Jasani A/L Chunilal Rugnath (Independent Non-Executive Director)
Dato' Jaffar Indot (Independent Non-Executive Director)
Tan Sri Ahmad bin Mohd Don (Independent Non-Executive Director)
Datuk Seri Razman Md Hashim bin Che Din Md Hashim (Independent Non-Executive Director)

Remarks :
This announcement is dated 15 October 2012.


PBBANK - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePUBLIC BANK BERHAD  
Stock Name PBBANK  
Date Announced15 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPB-121015-372B0

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF Act 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holder1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
- Sale of 73,300 shares on 10 October 2012

2. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (AMUNDI)
- Purchase of 205,000 shares on 10 October 2012

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed10/10/2012
73,300
 
Acquired10/10/2012
205,000
 

Circumstances by reason of which change has occurred1. Sale of shares
2. Purchase of shares managed by Portfolio Manager
Nature of interestDirect
Direct (units)430,487,181 
Direct (%)12.29 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change430,487,181
Date of notice10/10/2012

Remarks :
The percentage of EPF's direct interests in Public Bank Berhad (PBB) shares of 12.29% is computed based on the total number of PBB shares in issue excluding a total of 29,800,704 PBB shares bought-back by PBB and retained as treasury shares as at 15 October 2012.

Received EPF Form 29B dated 10 October 2012 on 15 October 2012.


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

Announcement Type: General Announcement
Company NameKRETAM HOLDINGS BERHAD  
Stock Name KRETAM  
Date Announced15 Oct 2012  
CategoryGeneral Announcement
Reference NoKH-121015-60752

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionDIRECTOR'S DEALINGS OUTSIDE CLOSED PERIOD

The following Director has given notice of his dealings in the securities of the Company outside the closed period as follows:-

Name of Director

Description of Securities

Date Disposed

No. of Securities

% of Securities

Price Transacted (RM) per unit

Datuk Lim Nyuk Sang @ Freddy Lim (Direct Interest)

Ordinary Shares

11.10.2012

4,650,000

1.272

2.15



GENP - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGENTING PLANTATIONS BERHAD  
Stock Name GENP  
Date Announced15 Oct 2012  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoGP-121015-5C23C

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARD
AddressTINGKAT 19 BANGUNAN KWSP
JALAN RAJA LAUT
50350 KUALA LUMPUR
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARES OF 50 SEN EACH
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD
LEVEL 42, MENARA CITIBANK,
165 JALAN AMPANG,
50450 KUALA LUMPUR (Acquisition)

CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FD BD (AMUNDI)
LEVEL 42, MENARA CITIBANK,
165 JALAN AMPANG,
50450 KUALA LUMPUR [Disposal (i)]

CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FD BD (CIMB PRI)
LEVEL 42, MENARA CITIBANK,
165 JALAN AMPANG,
50450 KUALA LUMPUR [Disposal (ii)]

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired10/10/2012
575,000
 
Disposed10/10/2012
150,000
 
Disposed10/10/2012
100,400
 

Circumstances by reason of which change has occurredACQUISITION AND DISPOSALS
Nature of interestDIRECT
Direct (units) 
Direct (%)15.119 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change114,717,800
Date of notice11/10/2012

Remarks :
Form 29B dated 11 October 2012 was received on 15 October 2012.


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