February 28, 2013

Company announcements: BCTTECH, SANICHI, SUNZEN, HHHCORP, XOX, INARI

BCTTECH - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameBCT TECHNOLOGY BERHAD (ACE Market) 
Stock Name BCTTECH  
Date Announced28 Feb 2013  
CategoryChange in Audit Committee
Reference NoCA-130228-58348

Date of change28/02/2013
NameDato' Mohamed Redzuan Bin Mohamed Kushairi
Age64
NationalityMalaysian
Type of changeResignation
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
Qualifications 
Working experience and occupation  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerBrother-in-law of Datuk Ramli bin Ibrahim, an Independent Non-Executive Director of the Company. 
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 subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)1. Datuk Ramli Bin Ibrahim - Chairman
2. Tan Sri Datuk Dr. Haji Omar Bin Abdul Rahman - Member

Remarks :
The Board took note that the vacancy in the composition of the Audit Committee must be filled within 3 months from the date of resignation i.e. by 28 May 2013 to comply with Rule 15.09 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.


BCTTECH - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBCT TECHNOLOGY BERHAD (ACE Market) 
Stock Name BCTTECH  
Date Announced28 Feb 2013  
CategoryChange in Boardroom
Reference NoCA-130228-57564

Date of change28/02/2013
NameDato’ Mohamed Redzuan Bin Mohamed Kushairi
Age64
NationalityMalaysian
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Type of changeResignation
ReasonDue to commitments with other non-listed Companies.
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
Qualifications 
Working experience and occupation  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerBrother-in-law of Datuk Ramli bin Ibrahim, an Independent Non-Executive Director of the Company.  
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 subsidiariesNil 

Remarks :
The Board took note that the vacancy in the composition of the Board must be filled within 3 months for the date of resignation i.e. by 28 May 2013 to comply with Rule 15.02 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.


SANICHI - Quarterly rpt on consolidated results for the financial period ended 31/12/2012

Announcement Type: Financial Results
Company NameSANICHI TECHNOLOGY BERHAD (ACE Market) 
Stock Name SANICHI  
Date Announced28 Feb 2013  
CategoryFinancial Results
Reference NoCC-130228-5A942

Financial Year End30/06/2013
Quarter2
Quarterly report for the financial period ended31/12/2012
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2012
31/12/2011
31/12/2012
31/12/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
869
571
2,250
1,588
2Profit/(loss) before tax
-2,733
-1,759
-4,600
-3,900
3Profit/(loss) for the period
-2,733
-1,759
-4,447
-3,900
4Profit/(loss) attributable to ordinary equity holders of the parent
-2,733
-1,759
-4,447
-3,900
5Basic earnings/(loss) per share (Subunit)
-7.00
-1.00
-12.10
-2.40
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 ($$)
0.1300
0.0600
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


SUNZEN - Quarterly rpt on consolidated results for the financial period ended 31/12/2012

Announcement Type: Financial Results
Company NameSUNZEN BIOTECH BERHAD (ACE Market) 
Stock Name SUNZEN  
Date Announced28 Feb 2013  
CategoryFinancial Results
Reference NoCA-130227-51432

Financial Year End31/12/2012
Quarter4
Quarterly report for the financial period ended31/12/2012
The figureshave not been audited

Attachments

4Q results.pdf
452 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2012
31/12/2011
31/12/2012
31/12/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
8,522
8,470
32,796
31,611
2Profit/(loss) before tax
207
472
1,844
2,379
3Profit/(loss) for the period
238
290
1,408
1,757
4Profit/(loss) attributable to ordinary equity holders of the parent
238
290
1,408
1,757
5Basic earnings/(loss) per share (Subunit)
0.16
0.19
0.94
1.18
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.60
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 ($$)
0.2000
0.2000
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


SUNZEN - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameSUNZEN BIOTECH BERHAD (ACE Market) 
Stock Name SUNZEN  
Date Announced28 Feb 2013  
CategoryGeneral Announcement
Reference NoCA-130228-62218

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionSUNZEN BIOTECH BERHAD (“Sunzen”) or (“the Company”)
- STATUS UPDATE ON THE MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN UNIVERSITI PUTRA MALAYSIA ("UPM") AND SUNZEN

Further to the Company’s announcement made on 22 November 2012 pertaining to the MOU entered between the Company and UPM for the collaboration on research and development work on animal health products, the Board of Directors of Sunzen wishes to inform that there was no material development on the status of MOU as announced previously.

This announcement is dated 28 February 2013.



SUNZEN - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameSUNZEN BIOTECH BERHAD (ACE Market) 
Stock Name SUNZEN  
Date Announced28 Feb 2013  
CategoryGeneral Announcement
Reference NoCA-130228-61470

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionSUNZEN BIOTECH BERHAD (“Sunzen”) or (“the Company”)
- STATUS UPDATE ON THE MEMORANDUM OF UNDERSTANDING (“MOU”) BETWEEN SUNZEN FEEDTECH SDN BHD (“SFSB”) AND UNIVERSITI SAINS MALAYSIA (“USM”)

Further to the Company’s announcement made on 22 November 2012 pertaining to the MOU entered between SFSB and USM for the research collaboration on development and pre-commercialisation of a new organic acid blend for enhancement of growth performance and disease resistance in farmed aquatic animals without the use of antibiotics, the Board of Directors of Sunzen wishes to inform that there was no material development on the status of MOU as announced previously.

This announcement is dated 28 February 2013.


SUNZEN - OTHERS SUNZEN BIOTECH BERHAD (“SUNZEN” or “the Company”) - Letter of Demand for Breach of Distribution Agreement

Announcement Type: General Announcement
Company NameSUNZEN BIOTECH BERHAD (ACE Market) 
Stock Name SUNZEN  
Date Announced28 Feb 2013  
CategoryGeneral Announcement
Reference NoCA-130228-64782

TypeAnnouncement
SubjectOTHERS
DescriptionSUNZEN BIOTECH BERHAD (“SUNZEN” or “the Company”)
- Letter of Demand for Breach of Distribution Agreement

The Board of Directors of SUNZEN wishes to announce that on 26 February 2013, Sunzen Lifesciences Sdn. Bhd. (“SLSB”), a wholly-owned subsidiary of the Company was served with a Letter of Demand for breach of Distribution Agreement dated 18 January 2010 (“DA”) entered between Regaplus (Beijing) Investment Consultant Co. Ltd. (“RICCL”) and SLSB pertaining to the appointment of RICCL as one of the distributors to promote and market animal feed supplement products (“Orgacids”) in the People’s Republic of China.

Based on the Letter of Demand, RICCL claimed that:

a. the new terms and conditions pertaining to the sale of the Orgacids (“New Terms and Conditions”) imposed by SLSB are contrary to the terms and conditions of the DA; and

b. SLSB had unilaterally and wrongfully terminated the DA when RICCL do not agree to the New Terms and Conditions.

RICCL demanded that SLSB shall honour its legal obligations and adhere to the terms and conditions under the DA, failing which, RICCL shall take the necessary steps to protect their interest, including but not limited to commencing legal proceedings and specific performance, and seek the appropriate remedy against SLSB.

The Company is seeking solicitor's advice on the necessary course of action to be taken in relation to the aforementioned claims.

The Company is not able to ascertain the financial or operation impact for the time being because the amount of claim is not stated in the Letter of Demand and in any event, the Board of Directors is of the opinion that it would not have any material impact to the Group.

This announcement is dated 28 February 2013.



HHHCORP - Quarterly rpt on consolidated results for the financial period ended 31/12/2012

Announcement Type: Financial Results
Company NameHIAP HUAT HOLDINGS BERHAD (ACE Market) 
Stock Name HHHCORP  
Date Announced28 Feb 2013  
CategoryFinancial Results
Reference NoCC-130228-56432

Admission SponsorHong Leong Investment Bank Berhad
SponsorSame as above
Financial Year End31/12/2012
Quarter4
Quarterly report for the financial period ended31/12/2012
The figureshave not been audited

Attachments

HHH_4th Quarter 28 2 13 v5.pdf
111 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2012
31/12/2011
31/12/2012
31/12/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
11,054
0
39,209
40,839
2Profit/(loss) before tax
-1,461
0
4,988
8,379
3Profit/(loss) for the period
-1,875
0
3,105
6,056
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,875
0
3,105
6,056
5Basic earnings/(loss) per share (Subunit)
-0.65
0.00
1.20
2.44
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 ($$)
0.1400
0.1000

Remarks :
1. The Unaudited Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Proforma Consolidated Financial Information for the six (6) months period ended 30 June 2012 and the Accountant’s Report for the FYE 31 December 2011 as disclosed in the Prospectus of Hiap Huat Holdings Berhad ("Company") dated 5 November 2012 and the accompanying explanatory notes attached to this interim financial statements.

2. No comparative figures for the preceding year's corresponding quarter are available as Hiap Huat was listed on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 26 November 2012.
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


XOX - Quarterly rpt on consolidated results for the financial period ended 31/12/2012

Announcement Type: Financial Results
Company NameXOX BHD (ACE Market) 
Stock Name XOX  
Date Announced28 Feb 2013  
CategoryFinancial Results
Reference NoCC-130228-62896

Admission SponsorAmInvestment Bank Bhd
SponsorSame as above
Financial Year End30/06/2013
Quarter2
Quarterly report for the financial period ended31/12/2012
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2012

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2012
31/12/2011
31/12/2012
31/12/2011
$$'000
$$'000
$$'000
$$'000
1Revenue
9,389
8,183
18,577
17,157
2Profit/(loss) before tax
-1,572
-9,154
-3,106
-15,691
3Profit/(loss) for the period
-1,572
-9,154
-3,106
-15,691
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,572
-9,154
-3,106
-15,691
5Basic earnings/(loss) per share (Subunit)
-0.50
-3.00
-1.00
-5.20
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 ($$)
0.0281
0.0384
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


INARI - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameINARI BERHAD (ACE Market) 
Stock Name INARI  
Date Announced28 Feb 2013  
CategoryGeneral Announcement
Reference NoOS-130228-63883

Admission SponsorM&A Securities Sdn Bhd
SponsorSame as above
TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionINARI BERHAD (“INARI” OR THE “COMPANY”)
• PROPOSED ACQUISITION
• PROPOSED RIGHTS ISSUE WITH WARRANTS
• PROPOSED ISSUANCE OF NEW SHARES
• PROPOSED ISSUANCE OF PREFERENCE SHARES
• PROPOSED VARIATION TO THE UTILISATION OF LISTING PROCEEDS
• PROPOSED IASC
• PROPOSED AMENDMENTS

(COLLECTIVELY, THE “PROPOSALS”)

(All abbreviations used in this announcement are defined in the announcement dated 23 July 2012)

We refer to the announcements dated 23 July 2012 and 24 December 2012 in relation to the Proposals.

On behalf of the Board of Directors of Inari, M&A Securities is pleased to announce that Bursa Securities had, vide its letter dated 28 February 2013, resolved to approve the following:

(i) Admission to the Official List of Bursa Securities and the listing of and quotation for 168,304,350 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants and 34,560,000 Warrants to be issued pursuant to the Proposed Issuance of Preference Shares.

(ii) Listing and quotation for:

(a) 84,152,175 Rights Shares to be issued pursuant to the Proposed Rights Issue with Warrants;

(b) Up to 24,819,512 new Inari Shares to be issued pursuant to the Proposed Acquisition; and

(c) Up to 202,864,350 new Inari Shares to be issued arising from the exercise of the Warrants to be issued pursuant to the Proposed Rights Issue with Warrants and the Proposed Issuance of Preference Shares.

The approval granted by Bursa Securities for the new Inari Shares and Warrants arising from the Proposed Acquisition, Proposed Rights Issue with Warrants and Proposed Issuance of Preference Shares are subject to the following conditions:

(i) Inari and M&A Securities must fully comply with the relevant provisions under the ACE Market Listing Requirement of Bursa Securities (“ACE LR”) pertaining to the implementation of the Proposed Acquisition, Proposed Rights Issue with Warrants and Proposed Issuance of Preference Shares.

(ii) Inari and M&A Securities to inform Bursa Securities upon the completion of the Proposed Acquisition, Proposed Rights Issue with Warrants and Proposed Issuance of Preference Shares.

(iii) Inari to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Acquisition, Proposed Rights Issue with Warrants and Proposed Issuance of Preference Shares are completed.

(iv) Inari is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the exercise of the Warrants, as at the end of each quarter together with a detailed computation of listing fees payable.

Inari is required to ensure full compliance of all the requirements as provided under the ACE LR at all times.

This announcement is dated 28 February 2013.



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