December 3, 2012

Company announcements: SRIDGE, BCTTECH, KGB, DSCSOL, MGRC, FBMKLCI-EA

SRIDGE - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameSILVER RIDGE HOLDINGS BHD (ACE Market) 
Stock Name SRIDGE  
Date Announced3 Dec 2012  
CategoryGeneral Announcement
Reference NoCC-121203-54125

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionSilver Ridge Holdings Bhd ("SRHB" or "the Company")
- Proposed Disposal of Silver Ridge Technologies Sdn Bhd (“SRT”), a Wholly-Owned Subsidiary of the Company - Update
(Unless otherwise stated, definitions used in this announcement shall carry the same meaning as defined in SRHB’s announcement dated 19 November 2012 in relation to the Proposed Disposal)
Further to the announcements made by the Company on 19 November 2012 and 26 November 2012 in relation to the Proposed Disposal, the Board of Directors of SRHB wishes to announce as follows:-

1. That the following companies have become a direct wholly-owned subsidiaries of the Company:-
      (i) Silver Ridge Trading Sdn Bhd;
      (ii) Silver Ridge Tangerine Sdn Bhd; and
2. That JJ-One Beauty Academy Sdn Bhd, a 30%-controlled entity has become a direct associate of the Company.

This announcement is dated 3 December 2012.


BCTTECH - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameBCT TECHNOLOGY BERHAD (ACE Market) 
Stock Name BCTTECH  
Date Announced3 Dec 2012  
CategoryGeneral Announcement
Reference NoCA-121127-57596

Regularisation SponsorM&A Securities Sdn Bhd
SponsorSame as above
TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionBCT TECHNOLOGY BERHAD ("BCT" or "the 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 Bursa Malaysia Securities Berhad ACE Market Listing Requirements

Further to the announcement made by the Company on 1 November 2012, the Board of Directors of BCT wishes to inform that there has been no�material development as at the date of this announcement.

This announcement is dated 3 December 2012



KGB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameKELINGTON GROUP BERHAD  
Stock Name KGB  
Date Announced3 Dec 2012  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCA-121203-40844

Date of buy back03/12/2012
Description of shares purchasedOrdinary Shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)1,000
Minimum price paid for each share purchased ($$)0.580
Maximum price paid for each share purchased ($$)0.580
Total consideration paid ($$)621.17
Number of shares purchased retained in treasury (units)1,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)62,000
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)0.04


DSCSOL - OTHERS DSC SOLUTIONS BERHAD (“DSC” OR “THE COMPANY”) DELAY IN RELEASE OF FOURTH QUARTER FINANCIAL REPORT FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2012

Announcement Type: General Announcement
Company NameDSC SOLUTIONS BERHAD (ACE Market) 
Stock Name DSCSOL  
Date Announced3 Dec 2012  
CategoryGeneral Announcement
Reference NoCM-121130-84436

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionDSC SOLUTIONS BERHAD (“DSC” OR “THE COMPANY”)

DELAY IN RELEASE OF FOURTH QUARTER FINANCIAL REPORT FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2012

The Board of Directors of DSC wishes to announce that the Company is unable to release its Fourth Quarter Financial Report for the financial period ended 30 September 2012 (“Outstanding Financial Statements”) by 30 November 2012 to Bursa Malaysia Securities Berhad (“Bursa Securities”) (“the timeframe”) as required under Rule 9.22(1) of the ACE Market Listing Requirements of Bursa Securities.

The delay is caused by the variations between the unaudited�fourth quarter results ended 30 September 2012�prepared by the Company and the auditor’s preliminary findings for the financial year ended 30 September 2012.

In view of the above, DSC is expected to issue and submit its Outstanding Financial Statements latest by 7 December 2012.�������������������������� .

If DSC fails to issue the Outstanding Financial Statements within 5 market days from the expiry of the timeframe i.e. by 7 December 2012 (the last day of this 5 market days shall hereinafter be referred to as "the Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of DSC. The suspension shall be effected on the market day following the expiry of the Suspension Deadline and shall be uplifted on the market day following the issuance of the outstanding Financial Statements unless otherwise determined by Bursa Securities. As such, the suspension will be effected on 10 December 2012.

This announcement is dated 3 December 2012.



MGRC - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameMALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (ACE Market) 
Stock Name MGRC  
Date Announced3 Dec 2012  
CategoryChange in Principal Officer
Reference NoCS-121203-5752C

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
Date of change03/12/2012
NameAdlan Hercus
Age38
NationalityMalaysian
DesignationChief Financial Officer
Type of changeResignation
ReasonRe-assigned to holding company
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsBusiness Commerce Degree - majoring in Banking and Commercial Law, Curtin University
Working experience and occupation Neuramatix Group of Companies – Corporate Strategic Manager (2002)
PKTech Sdn Bhd – Business Analyst (2001)
Amanah Futures & Options Sdn Bhd – Broker / Assistant Marketing Manager (1996)
Family relationship with any director and/or major shareholder of the listed issuerChild of the Managing Director and Executive Director, Mr. Robert George Hercus @ Abdul Karim Hercus and Puan Munirah binti Haji Abdul Hamid respectively.
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNIL
Details of any interest in the securities of the listed issuer or its subsidiaries28,000 ordinary shares


MGRC - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameMALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (ACE Market) 
Stock Name MGRC  
Date Announced3 Dec 2012  
CategoryChange in Principal Officer
Reference NoCS-121203-5752D

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
Date of change03/12/2012
NameCheah Sek Hon
Age37
NationalityMalaysian
Type of changeAppointment
DesignationChief Financial Officer
QualificationsMasters in Business Administration (MBA)
Member of Malaysian Institute of Accountants (MIA)
Member of Association of Chartered Certified Accountants (ACCA)
Working experience and occupation BCT Technology Bhd – General Manager, Finance (2009)
Versatile Creative Bhd – Group Finance Controller (2005)
Ayer Hitam Tin Dredging Malaysia Bhd – Group Financial Controller (2002)
PricewaterhouseCoopers – Senior Associate (2000)
Family relationship with any director and/or major shareholder of the listed issuerNIL
Any conflict of interests that he/she has with the listed issuer or its subsidiariesNIL
Details of any interest in the securities of the listed issuer or its subsidiariesNIL


MGRC - OTHERS MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD ("MGRC" or "the Company") - APPOINTMENT OF CHIEF OPERATING OFFICER

Announcement Type: General Announcement
Company NameMALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (ACE Market) 
Stock Name MGRC  
Date Announced3 Dec 2012  
CategoryGeneral Announcement
Reference NoCS-121203-5752E

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionMALAYSIAN GENOMICS RESOURCE CENTRE BERHAD ("MGRC" or "the Company") - APPOINTMENT OF CHIEF OPERATING OFFICER
The Board of Directors of MGRC is pleased to announce that Encik Razif Abdul Aziz has been appointed as the Chief Operating Officer of MGRC with effect from 3 December 2012.
This announcement is dated 3 December 2012.


MGRC - OTHERS MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (“MGRC” or “Company”) – SUPPLEMENTAL AGREEMENT

Announcement Type: General Announcement
Company NameMALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (ACE Market) 
Stock Name MGRC  
Date Announced3 Dec 2012  
CategoryGeneral Announcement
Reference NoCS-121203-5752F

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionMALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (“MGRC” or “Company”) – SUPPLEMENTAL AGREEMENT
Further to MGRC's announcements on 20 July 2012 and 25 July 2012, the Board of Directors of MGRC wish to announce that, MPath Sdn. Bhd. (“MPath”), a 50% joint venture company of MGRC and Ajmaks Sdn. Bhd., together with the Vendors (“collectively referred to as “the Parties”), who are parties to the Shares SPA had on 30 December 2012 entered into a Supplemental Agreement to amend the Principal Agreement. Unless otherwise stated, the defined terms used in this announcement shall carry the same meaning as defined in the announcements dated on 20 July 2012 and 25 July 2012.
The Parties have agreed to amend the Principal Agreement in the manner as set forth in the Supplemental Agreement dated 30 December 2012 based on the agreed revised pertinent terms as follows, amongst others:-

(a) A reserve valuation of RM7,651,429 for the Sale Shares.

(b) A profit incentive which shall be the lesser of:
      • The sum of RM4,698,571, and
      • A sum that is determined to be 65/70 of a factor of 2.3 times profit before tax of the Companies which shall be determined by a Special Audit and which in any event shall not exceed the amount of RM2,200,000.

(c) Less the Long Outstanding Debt that has yet to be recovered as at the date of the Third Payment PROVIDED THAT if subsequent to the Third Payment and not later than 30 June 2013, any amount identified as Long Outstanding Debt shall be recovered by CM, an amount equivalent to the amount so recovered shall be paid by MPATH into the Settlement Account on 30 June 2013 and shall be deemed to constitute part of the Third Payment for which payment has been deferred until 30 June 2013.

(d) At Completion, MPATH shall pay to:-
      1. each Accession Party, the CM Shares Consideration;
      2. each Original CM Seller by way of payment into the Settlement Account, the First Payment;
      3. each CC Seller, the CC Shares Consideration;
      4. each MS Seller, the MS Shares Consideration; and
      5. the Escrow Agent the Escrow Amount.

This announcement is dated 3 December 2012.


MGRC - OTHERS MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (“MGRC” OR “THE COMPANY”) - ADDITIONAL SUBSCRIPTION OF SHARES IN MPATH SDN. BHD., A SUBSIDIARY OF MGRC

Announcement Type: General Announcement
Company NameMALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (ACE Market) 
Stock Name MGRC  
Date Announced3 Dec 2012  
CategoryGeneral Announcement
Reference NoCS-121203-57530

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionMALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (“MGRC” OR “THE COMPANY”) - ADDITIONAL SUBSCRIPTION OF SHARES IN MPATH SDN. BHD., A SUBSIDIARY OF MGRC
Further to MGRC's announcements on 11 May 2012, 20 July 2012 and 25 July 2012, the Board of Directors of MGRC wish to announce that MGRC together with Ajmaks Sdn. Bhd. (“Ajmaks”), each had on 30 November 2012 at their agreed proportions of 50:50 as set out in the Subscription and Shareholders Agreement, subscribed for an additional 48,999 ordinary shares of RM1.00 each at a total cash consideration of RM48,999.00 and 6,743,500 RCPS of RM1.00 each at a total cash consideration of RM6,743,500.00 ("the Additional Subscription") in the capital of MPath. The total subscription amount is RM13,584,998.00 (“Subscription Monies”).
The Subscription Monies will be used to fund the acquisition of the following through MPath:-

(i) up to 2,100,000 ordinary shares of RM1.00 each representing 70% of the total issued and paid-up share capital of Clinipath (Malaysia) Sdn. Bhd. (“Clinipath Malaysia”) for a cash consideration not exceeding the sum of RM13,140,000 together with the amount of any long-outstanding debts of Clinipath Malaysia recovered after the completion date;

(ii) 90,000 ordinary shares of RM1.00 each representing 100% of the total issued and paid-up share capital of Clinipath Capital Sdn. Bhd. for a total cash consideration of RM150,000;

(iii) 2 ordinary shares of RM1.00 each representing 100% of the total issued and paid-up share capital of Medical Scan Sdn. Bhd. for a total cash consideration of RM10,000; and

(iv) all the property held under GRN 283972 known as Lot 42562 Section 24 Bandar Klang.

(collectively referred to as “the Acquisition”).

With the completion of the Additional Subscription, the Acquisition is completed.

This announcement is dated 3 December 2012.


FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameFTSE BURSA MALAYSIA KLCI ETF  
Stock Name FBMKLCI-EA  
Date Announced3 Dec 2012  
CategoryGeneral Announcement
Reference NoFB-121203-6FEF1

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFTSE Bursa Malaysia KLCI etf - Valuation Point as at 03 December 2012

Fund: FTSE Bursa Malaysia KLCI etf
NAV per unit (RM): 1.6479
Units in circulation (units): 2,508,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,607.35

Attachments

FBM KLCI etf 20121203.xls
21 KB



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