January 17, 2013

Company announcements: POLY, DAIBOCI, PANSAR, LBICAP, LPI, SPSETIA, BREM, PRLEXUS, FRB

POLY - Quarterly rpt on consolidated results for the financial period ended 30/11/2012

Announcement Type: Financial Results
Company NamePOLY GLASS FIBRE (M) BERHAD  
Stock Name POLY  
Date Announced17 Jan 2013  
CategoryFinancial Results
Reference NoCC-130107-1FB5B

Financial Year End28/02/2013
Quarter3
Quarterly report for the financial period ended30/11/2012
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/11/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/11/2012
30/11/2011
30/11/2012
30/11/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
6,303
8,347
23,726
24,129
2Profit/(loss) before tax
24,518
3,075
24,870
6,717
3Profit/(loss) for the period
18,191
3,401
18,494
6,636
4Profit/(loss) attributable to ordinary equity holders of the parent
18,191
3,401
18,494
6,636
5Basic earnings/(loss) per share (Subunit)
11.37
2.13
11.56
4.15
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 ($$)
0.6641
0.5485
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


DAIBOCI - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameDAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.  
Stock Name DAIBOCI  
Date Announced17 Jan 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoDP-130117-43334

Date of buy back17/01/2013
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)5,000
Minimum price paid for each share purchased ($$)2.550
Maximum price paid for each share purchased ($$)2.550
Total consideration paid ($$)12,843.33
Number of shares purchased retained in treasury (units)5,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)526,000
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 (%)0.46


PANSAR - Changes in Director's Interest (S135) - LING LEE CHUON @ JAMES LING CHUNG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NamePANSAR BERHAD  
Stock Name PANSAR  
Date Announced17 Jan 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130117-52663

Information Compiled By KLSE

Particulars of Director

NameLING LEE CHUON @ JAMES LING CHUNG
Address110 Jalan Petanak 93100 Kuching Sarawak
Descriptions(Class & nominal value)Ordinary Shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
08/01/2013
75,000
0.392 

Circumstances by reason of which change has occurredAcquisition of shares through open market by his son, Mr Ronald Ling Ing Han.
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)456,300 
Indirect/deemed interest (%)0.163 
Date of notice16/01/2013

Remarks :
(1) Deemed interested by virtue of the interest of his children, Ms Laura Ling Mei Ling (120,000 shares), Ms Lisa Ling Mei Sing (100,000 shares), Ms Joanna Ling Mei Chiing (107,100 shares) and Mr Ronald Ling Ing Han (129,200 shares) pursuant to Section 134(12)(c) of the Companies Act 1965.

(ii) This announcement also serves as an announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealings outside closed period. The above acquisition represent 0.0268% of the issed ordinary shares of the Company.

(iii) This notification dated 16 January 2013 was received on 17 January 2013.


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

Announcement Type: General Announcement
Company NameLBI CAPITAL BERHAD  
Stock Name LBICAP  
Date Announced17 Jan 2013  
CategoryGeneral Announcement
Reference NoCN-130117-FBDAE

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09 of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we have received notification from the Directors, namely Dato’ Ng Chin Heng,Datin Low Wee Chin and Raymond Ng Yew Foong in relation to their dealings in the securities of LBI. The said Directors are deemed interest in relating to the acquisition of LBI’s shares by Ng Tiong Seng Corporation Sdn. Bhd. as follows:-

Date of TransactionNo. of shares acquiredNo. of shares disposed%Price per share (RM)Total Shareholding after transaction%
15.01.201316,600-0.03*1.1036,339,32958.25
15.01.20139,900-0.015*1.1236,349,22958.26
16.01.20132,200-0.004*1.0936,351,42958.26
16.01.20131,200-0.002*1.1436,352,62958.27

* Based on paid-up capital of RM62,388,843 divided into 62,388,843 ordinary shares of RM1.00 each, excluding treasury shares of 491




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

Announcement Type: General Announcement
Company NameLPI CAPITAL BHD  
Stock Name LPI  
Date Announced17 Jan 2013  
CategoryGeneral Announcement
Reference NoLC-130117-39502

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) under Chapter 14 of Bursa Malaysia Securities Berhad Listing Requirements on Dealing in Securities, we wish to notify that we have received notification from the following Director of LPI Capital Bhd (LPI) in relation to his dealings in LPI outside closed period as follow :-

Name of the

Director

Description of Securities

Date of

Disposal

Price Per Securities (RM)

No. of Securities Disposed

% of Shares Disposed*

Nature of Interest

Mr Tan Kok Guan

Ordinary Shares of RM1.00 each

15 January 2013

14.79

10,000

0.0045

Indirect

* Exclude 1,014,600 LPI’s ordinary shares of RM1.00 each bought-back by LPI and retained as treasury shares.



LPI - Changes in Director's Interest (S135) - Tan Kok Guan

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameLPI CAPITAL BHD  
Stock Name LPI  
Date Announced17 Jan 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoLC-130117-39614

Information Compiled By KLSE

Particulars of Director

NameTan Kok Guan
Address9, Jalan BU 3/3
Bandar Utama, Damansara
47800 Petaling Jaya
Descriptions(Class & nominal value)Ordinary Shares of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
15/01/2013
10,000
14.790 

Circumstances by reason of which change has occurredDisposal of Shares
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)420,900 
Indirect/deemed interest (%)0.191 
Date of notice17/01/2013

Remarks :
The percentage of Tan Kok Guan's indirect interests in LPI Capital Bhd's (LPI) shares is computed based on the total number of LPI shares in issue excluding a total of 1,014,600 LPI shares bought-back by LPI and retained as treasury shares as at 17 January 2013.


SPSETIA - SPSETIA-EXERCISE OF 973,425 WARRANTS 2008/2013 ("EXERCISE")

Announcement Type: Listing Circular
Company NameS P SETIA BERHAD  
Stock Name SPSETIA  
Date Announced17 Jan 2013  
CategoryListing Circular
Reference NoNE-130117-62309

LISTING'S CIRCULAR NO. L/Q : 66932 OF 2013

Kindly be advised that the abovementioned Company’s additional 973,425 new ordinary shares of RM0.75 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Monday, 21 January 2013.


BREM - 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 NameBREM HOLDING BERHAD  
Stock Name BREM  
Date Announced17 Jan 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCS-130116-1737F

Date of buy back from04/01/2013
Date of buy back to09/01/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)40,000
Minimum price paid for each share purchased ($$)1.090
Maximum price paid for each share purchased ($$)1.090
Total amount paid for shares purchased ($$)43,840.20
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)40,000
Total number of shares retained in treasury (units)3,378,031
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies17/01/2013
Lodged by T & S SECRETARIAL SERVICES SDN. BHD.


PRLEXUS - OTHERS PROLEXUS BERHAD (“PROLEXUS” or “THE COMPANY”) - INCORPORATION OF INDIRECT SUBSIDIARY IN PEOPLE’S REPUBLIC OF CHINA (PRC)

Announcement Type: General Announcement
Company NamePROLEXUS BERHAD  
Stock Name PRLEXUS  
Date Announced17 Jan 2013  
CategoryGeneral Announcement
Reference NoCC-130117-55299

TypeAnnouncement
SubjectOTHERS
DescriptionPROLEXUS BERHAD (“PROLEXUS” or “THE COMPANY”)
- INCORPORATION OF INDIRECT SUBSIDIARY IN PEOPLE’S REPUBLIC OF CHINA (PRC)
Pursuant to paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Prolexus wishes to announce that its indirect 64%-owned subsidiary Honways Apparel Shuyang Limited had incorporated a new wholly-owned subsidiary known as Yu Xiang Industries Ltd (“Yu Xiang”) on 08 January 2013. The certificate of incorporation was received by the Company on 17 January 2013.
Yu Xiang will be principally involved in manufacturing and sale of garment products and is expected to commence operation in the 3rd quarter of 2013. The existing paid-up capital of Yu Xiang is RMB2.0 million (equivalent to approximately RM1,000,000.00).The incorporation of Yu Xiang is in line with the Group’s expansion plan to meet customer’s demand and to continuously remain competitive in PRC.

The said incorporation was funded through internally generated funds and is not expected to have any material effect on Prolexus Group’s earnings per share, net assets per share, gearings, share capital and substantial shareholdings structure for the financial year ending 31 July 2013.

None of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, either direct or indirect in the said incorporation.

The Board of Directors of Prolexus, after taking into consideration the rationale of the said incorporation, is of the opinion that the incorporation is in the best interest of the Company.

This announcement is dated 17 January 2013.


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

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced17 Jan 2013  
CategoryGeneral Announcement
Reference NoFR-130115-57433

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionEXECUTION OF SHARE SALE AND SUBSCRIPTION AGREEMENT, SHAREHOLDERS’ AGREEMENT AND CALL OPTION AGREEMENT

The Board of Directors (“the Board”) of Formis Resources Berhad (“FRB” and/or “the Company”) wishes to announce that Continuous Network Advisers Sdn Bhd (“CNA”), a wholly-owned subsidiary of FRB, has on 17 January 2013 entered into the following agreements :

a. a Share Sale and Subscription Agreement (“SSA”) with CME Asia Sdn Bhd (“CME”) and Fiber at Home City Networks Sdn Bhd (“FHCN”) to acquire 100,000 ordinary shares of RM1.00 each (“Ordinary Shares”) in the capital of FHCN (“Sale Shares”) from CME for a total cash consideration of RM1,000,000.00 as specified in Section 6.1.1 below and to subscribe for 500,000 ordinary shares of RM1.00 each in the capital of FHCN at RM4.00 per shares (“Subscription Price”) for cash totaling RM2,000,000.00 as specified in Section 6.1.2 below (“Subscription Shares”).

Upon completion of the acquisition of the Sale Shares and the subscription of the Subscription Shares, the Company will hold an aggregate of 40% equity interest in FHCN;

b. a Shareholders’ Agreement (“Shareholders’ Agreement”) with CME and Wan Mohalina binti Wan Mohammad (“Wan Mohalina”) to regulate their relationships as shareholders of FHCN and the management and operation of FHCN, which is principally an independent Smart Community FTTH Network infrastructure provider and telecommunication company and a license holder with Suruhanjaya Komunikasi Multimedia Malaysia (SKMM) for Network Facilities Provider (NFP), Network Service Provider (NSP) and Application Service Provider (ASP);

c. a Call Option Agreement (“Call Option Agreement”) with FHCN to grant the right to CNA to require FHCN to issue and allot up to 1,200,000 ordinary shares of RM1.00 each in FHCN (“Option Shares”) to CNA at the following issue price and in accordance with the terms and subject to the conditions set out in the Call Option Agreement:

(i) RM5.00 per ordinary share (“Call Option A”) during the Call Option A period commencing from the date of completion of the SSA and ending on the day falling 12 months from such completion date (“Call Option Period A”); or

(ii) such price to be mutually agreed upon by CNA and FHCN on good faith and best endeavours basis and based on market valuation method to be mutually agreed upon by the parties (“Call Option B”) during the Call Option B period commencing from the expiry of Call Option Period A and ending on the day falling three (3) years from the date of completion of the SSA (“Call Option Period B”);

Upon completion of the acquisition of the Sale Shares, the subscription of the Subscription Shares and the acquisition of the Option Shares, the Company will hold an aggregate of 66.67% equity interest in FHCN;

collectively referred to as the “Proposals”.

Further details of the Proposals are attached below.



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