PALETTE - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS
| Company Name | PALETTE MULTIMEDIA BERHAD (ACE Market) |
| Stock Name | PALETTE |
| Date Announced | 28 Mar 2013 |
| Category | General Announcement |
| Reference No | CK-121211-56448 |
| Type | Announcement | ||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS | ||||||||||||||||
| Description | Palette Multimedia Berhad - Recurrent Related Party Transactions of Revenue or Trading Nature | ||||||||||||||||
1. Introduction Pursuant to Rule 10.09(1)(b) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, the Board of Directors ("BOD") of Palette Multimedia Berhad ("Palette" or "the Company") wishes to announce that the Company has entered into Recurrent Related Party Transactions ("RRPT") with the company connected with the Non-Independent Non-Executive Director, Encik Abdul Razak bin Dato' Haji Ipap via the Sales Outsourcing Services Agreement dated 1st day of October, 2012 ("Effective Date"). 2. Details of RRPT Transacting Related Party Transacting Party Nature of Transaction Amount of Transaction (RM) Palette Computer Sdn Bhd (“PCSB”) Palette Provision of sales outsourcing and invoicing functions by PCSB to Palette and undertake all sales activities functions and to service the existing customer of Palette on exclusive basis. 243,389.87 TOTAL 243,389.87 The above amount of which by way of aggregation, has exceeded the percentage ratio of 1% in respect of recurrent transactions entered into by Palette with related party from 1st October 2012 to 31st March 2013. 3. Rationale The RRPT are necessary for the day to day operations of the Group and are intended to meet the business needs on the best possible terms. The RRPT are made in the ordinary course of business at arm's length and on normal commercial terms which are not more favourable to the related parties than those generally available to the public. The transactions are not detrimental to the interest of the minority shareholders. 4. Financial Effects of the RRPT The RRPT will not have any material effect on the group's earnings, gearing and net assets per share for the financial year ended 31 December 2012 and financial year ending 31 December 2013. 5. Substantial Shareholders' Shareholding The RRPT will not have any effect on the share capital and substantial shareholders' shareholding of Palette. 6. Directors' and Major Shareholders' Interest
Save as disclosed above, none of the other directors and/ or major shareholders of Palette and/ or persons connected with them have any interest, direct or indirect in the RRPT. Accordingly, Encik Abdul Razak bin Dato' Haji Ipap has abstained and will continue to abstain from all deliberations and voting at the Audit Committee's and Board's meetings in relation to the RRPT. 7. Statement by Audit Committee Save for Encik Abdul Razak bin Dato' Haji Ipap, the Audit Committee has reviewed the terms of the RRPT and was of the view that the RRPT is in the best interests of the Group, fair, reasonable and on normal commercial terms and not detrimental to the interests of the minority shareholders of Palette. 8. Statement by Board of Directors Save for Encik Abdul Razak bin Dato' Haji Ipap, the BOD of the Company after having taken into consideration the rationale of the RRPT is of the opinion that the RRPT is in the best interests of Palette. 9. Approval Required As the percentage ratio of the transaction is less than 5%, shareholders' approval is not required. The Company would seek shareholders' approval for a new Recurrent Related Party Transaction Mandate at the forthcoming Annual General Meeting to be convened at a later date. | |||||||||||||||||
PALETTE - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
| Company Name | PALETTE MULTIMEDIA BERHAD (ACE Market) |
| Stock Name | PALETTE |
| Date Announced | 28 Mar 2013 |
| Category | General Announcement |
| Reference No | OS-130220-34091 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | RENOUNCEABLE RIGHTS ISSUE OF 145,263,250 WARRANTS ("WARRANTS") AT AN ISSUE PRICE OF RM0.02 PER WARRANT ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN PALETTE HELD AT 5.00 P.M. ON 27 FEBRUARY 2013 ("RIGHTS ISSUE OF WARRANTS") |
All abbreviations herein shall have the same meanings as those used in the earlier announcements on the Rights Issue of Warrants unless stated otherwise. On behalf of the Board, TA Securities wishes to announce that the Rights Issue of Warrants has been completed with the listing of 145,263,250 Warrants on the ACE Market of Bursa Securities on 28 March 2013. This announcement is dated 28 March 2013. | |
REDTONE - Notice of Shares Buy Back - Immediate Announcement
| Company Name | REDTONE INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | REDTONE |
| Date Announced | 28 Mar 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CK-130328-230A8 |
PERISAI - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RELATED PARTY TRANSACTIONS
| Company Name | PERISAI PETROLEUM TEKNOLOGI BHD |
| Stock Name | PERISAI |
| Date Announced | 28 Mar 2013 |
| Category | General Announcement |
| Reference No | ML-130328-52233 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | Proposed acquisition of the following companies: (i) 51% equity interest in Emas Victoria (L) Bhd (“Emas Victoria”) for a purchase consideration of USD89,250,000 (“Proposed Emas Victoria Acquisition”); and (ii) 51% equity interest in Victoria Production Services Sdn Bhd (“Victoria Production”) for a purchase consideration of RM51 (“Proposed Victoria Production Acquisition”), Proposed Emas Victoria Acquisition and Proposed Victoria Production Acquisition are collectively referred to as the “Proposed Acquisitions” Proposed disposal of 50% equity interest in SJR Marine (L) Limited (“SJR Marine”) for a disposal consideration of USD37,000,000 (“Proposed Disposal”), to be satisfied via the following: (a) RM51 in cash; (b) Issuance of 144,661,250 new ordinary shares of RM0.10 each in Perisai (“Perisai Shares”) at an issue price of RM1.10 per Perisai Share (“Consideration Shares”); and (c) The balance purchase consideration of the Proposed Acquisitions will be set off against the disposal consideration of the Proposed Disposal; Proposed call option and put option of 50% equity interest in SJR Marine for the same price as the disposal consideration of the Proposed Disposal (“Proposed Option”) collectively, hereinafter referred to as the “Proposals” Proposed increase in authorised share capital of Perisai from RM100,000,000 comprising 1,000,000,000 Perisai Shares to RM500,000,000 comprising 5,000,000,000 Perisai Shares by the creation of an additional 4,000,000,000 new Perisai Shares (“Proposed Increase in Authorised Share Capital”) Proposed amendments to the Memorandum of Perisai in respect of the Proposed Increase in Authorised Share Capital (“Proposed Amendments”) collectively, hereinafter referred to as the “Proposed Corporate Exercises” |
This announcement should be read in
conjunction with the announcements dated 30 November 2012 and 5 December 2012
in relation to the Proposed Corporate Exercises (“Announcements”). All
the terms and definitions referred to in this announcement, unless otherwise
defined, shall carry the same meaning as those in the Announcements. On behalf of the Board, HLIB wishes to announce that the Company had on 28 March 2013 entered into a second supplemental agreement to the SSA to vary certain terms and conditions of the SSA in relation to the Proposals. Please refer to the attached file for further details.
This announcement is dated 28 March 2013. | |
JOBST - Changes in Sub. S-hldr's Int. (29B) - (1) FMR LLC & (2) FIL Limited
| Company Name | JOBSTREET CORPORATION BERHAD |
| Stock Name | JOBST |
| Date Announced | 28 Mar 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-130328-2D96D |
Particulars of substantial Securities Holder
| Name | (1) FMR LLC & (2) FIL Limited |
| Address | (1) FMR LLC - 245 Summer Street, Boston, MA 02210 and (2) FIL Limited - c/o Level 20, 2 Pacific Place, 88 Queensway, Hong Kong |
| NRIC/Passport No/Company No. | See remarks |
| Nationality/Country of incorporation | Delaware, Boston and Bermuda |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.20 each |
| Name & address of registered holder | FID FDS - ASEAN POOL |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 19/03/2013 | 5,000 |
| Remarks : |
| Company Registration No.: (1) FMR LLC - 3220238 and (2) FIL Limited - EC01462 . The percentage of indirect interest excludes 179,000 Ordinary Shares of RM0.20 each bought back by the Company and retained as treasury shares. |
JOBST - Changes in Sub. S-hldr's Int. (29B) - (1) FMR LLC & (2) FIL Limited
| Company Name | JOBSTREET CORPORATION BERHAD |
| Stock Name | JOBST |
| Date Announced | 28 Mar 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-130328-2D9CC |
Particulars of substantial Securities Holder
| Name | (1) FMR LLC & (2) FIL Limited |
| Address | (1) FMR LLC - 245 Summer Street, Boston, MA 02210 and (2) FIL Limited - c/o Level 20, 2 Pacific Place, 88 Queensway, Hong Kong |
| NRIC/Passport No/Company No. | See remarks |
| Nationality/Country of incorporation | Delaware, Boston and Bermuda |
| Descriptions (Class & nominal value) | Ordinary Shares of RM0.20 each |
| Name & address of registered holder | FID FDS - ASEAN POOL |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 20/03/2013 | 2,700 |
| Remarks : |
| Company Registration No.: (1) FMR LLC - 3220238 and (2) FIL Limited - EC01462 . The percentage of indirect interest excludes 179,000 Ordinary Shares of RM0.20 each bought back by the Company and retained as treasury shares. |
YGL - Change in Boardroom
| Company Name | YGL CONVERGENCE BERHAD (ACE Market) |
| Stock Name | YGL |
| Date Announced | 28 Mar 2013 |
| Category | Change in Boardroom |
| Reference No | CS-130328-36CF0 |
| Date of change | 28/03/2013 |
| Name | Chua Kiat Eng |
| Age | 49 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Non-Executive Director |
| Directorate | Independent & Non Executive |
| Qualifications | Mr. Chua Kiat Eng is a member of the Association of Chartered Certified Accountants and Malaysian Institute of Accountants. |
| Working experience and occupation | Mr. Chua Kiat Eng started his career with Messrs. Kassim Chan & Co. for a few years, before he moved into manufacturing sector in 1990. He served in various key positions in Isuta Group which had presence throughout Asia Pacific region. Besides playing a commanding role in corporate and finance, Mr. Chua is also a corporate strategist who has involved in a number of corporate exercises, including asset acquisition by investment institution. |
| Directorship of public companies (if any) | None |
| Family relationship with any director and/or major shareholder of the listed issuer | None |
| Any conflict of interests that he/she has with the listed issuer | None |
| Details of any interest in the securities of the listed issuer or its subsidiaries | None |
YGL - Change in Audit Committee
| Company Name | YGL CONVERGENCE BERHAD (ACE Market) |
| Stock Name | YGL |
| Date Announced | 28 Mar 2013 |
| Category | Change in Audit Committee |
| Reference No | CS-130328-36CF1 |
| Date of change | 28/03/2013 |
| Name | Chua Kiat Eng |
| Age | 49 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Member of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | Mr. Chua Kiat Eng is a member of the Association of Chartered Certified Accountants and Malaysian Institute of Accountants. |
| Working experience and occupation | Mr. Chua Kiat Eng started his career with Messrs. Kassim Chan & Co. for a few years, before he moved into manufacturing sector in 1990. He served in various key positions in Isuta Group which had presence throughout Asia Pacific region. Besides playing a commanding role in corporate and finance, Mr. Chua is also a corporate strategist who has involved in a number of corporate exercises, including asset acquisition by investment institution. |
| Directorship of public companies (if any) | None |
| Family relationship with any director and/or major shareholder of the listed issuer | None |
| Any conflict of interests that he/she has with the listed issuer | None |
| Details of any interest in the securities of the listed issuer or its subsidiaries | None |
| Composition of Audit Committee (Name and Directorate of members after change) | 1. Dr. Ch'ng Huck Khoon - Independent Non-Executive Director (Chairman of Audit Committee) 2. Ahmad Fuad bin Mohd Ali - Independent Non-Executive Director (Member of Audit Committee) 3. Chua Kiat Eng - Independent Non-Executive Director (Member of Audit Committee) |
INIX - Change in Boardroom
| Company Name | INIX TECHNOLOGIES HOLDINGS BERHAD (ACE Market) |
| Stock Name | INIX |
| Date Announced | 28 Mar 2013 |
| Category | Change in Boardroom |
| Reference No | CC-130328-54B65 |
| Date of change | 26/03/2013 |
| Name | Chong Chen Fah |
| Age | 55 |
| Nationality | Malaysian |
| Designation | Non-Executive Director |
| Directorate | Independent & Non Executive |
| Type of change | Resignation |
| Reason | Due to other work commitment |
| Details of any disagreement that he/she has with the Board of Directors | No |
| Whether there are any matters that need to be brought to the attention of the shareholders | No |
| Qualifications | 1) A member of the Malaysian Institute of Accountants 2) Holder of B.Acc (Hons) from the University of Malaya 3) A member of the Malaysian Institute of Management, the Institute of Internal Auditors Malaysia and the Malaysian Institute of Taxation |
| Working experience and occupation | Mr. Chong Chen Fah is a chartered accountant with more than 27 years experience in both government and corporate sectors. He serve in the Accountant General's Department of the Ministry of Finance for 11 years, including 2 years on secondment to the Ministry of Home Affairs and the Royal Malaysian Police. He was later Group Chief Finance Officer of a diversified public company with interests in merchanding of motorcars, trucks and buses and industrial and commercial plant and equipment. |
| Directorship of public companies (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| 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 |
| Remarks : |
| Letter of resignation was received on 28 March 2013 |
INIX - Change in Audit Committee
| Company Name | INIX TECHNOLOGIES HOLDINGS BERHAD (ACE Market) |
| Stock Name | INIX |
| Date Announced | 28 Mar 2013 |
| Category | Change in Audit Committee |
| Reference No | CC-130311-8BC36 |
| Date of change | 26/03/2013 |
| Name | Chong Chen Fah |
| Age | 55 |
| Nationality | Malaysian |
| Type of change | Resignation |
| Designation | Member of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | 1) A member of the Malaysian Institute of Accountants 2) Holder of B.Acc (Hons) from the University of Malaya 3) A member of the Malaysian Institute of Management, the Institute of Internal Auditors Malaysia and the Malaysian Institute of Taxation |
| Working experience and occupation | Mr. Chong Chen Fah is a chartered accountant with more than 27 years experience in both government and corporate sectors. He serve in the Accountant General's Department of the Ministry of Finance for 11 years, including 2 years on secondment to the Ministry of Home Affairs and the Royal Malaysian Police. He was later Group Chief Finance Officer of a diversified public company with interests in merchanding of motorcars, trucks and buses and industrial and commercial plant and equipment. |
| Directorship of public companies (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| 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) | Chairman: Dato' Megat Fairouz Junaidi Bin Megat Junid(Independent Non-Executive Director) Members: Yeo Wee Kiat (Independent Non-Executive Director) Wai Chin Yean (Independent Non-Executive Director) |
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