GHLSYS - OTHERS GHL SYSTEMS BERHAD (“GHL” OR “THE COMPANY”) - INCORPORATION OF WHOLLY-OWNED SUBSIDIARY, PT. SPOTPAY INDONESIA (“PT SPOTPAY”)
| Company Name | GHL SYSTEMS BERHAD |
| Stock Name | GHLSYS |
| Date Announced | 30 Apr 2013 |
| Category | General Announcement |
| Reference No | CK-130426-38425 |
| Type | Announcement |
| Subject | OTHERS |
| Description | GHL SYSTEMS BERHAD (“GHL” OR “THE COMPANY”) - INCORPORATION OF WHOLLY-OWNED SUBSIDIARY, PT. SPOTPAY INDONESIA (“PT SPOTPAY”) |
The Board of Directors of GHL wishes to announce that the Company and GHL Asia Pacific Ltd (“GHLAP”), a wholly-owned subsidiary of GHL, had on 8 April 2013 incorporated a wholly-owned subsidiary in the Republic of Indonesia namely PT Spotpay. PT Spotpay is 99% owned by GHLAP and 1% owned by GHL. The authorised share capital of PT Spotpay is USD$300,000.00 divided into 300,000 shares of USD$1.00 each. The intended principal activities of PT Spotpay are to provide Information Technology consultancy and management services. The incorporation of PT Spotpay will not have any material effect on the share capital, shareholding structure, gearing, net assets per share and earnings per share of GHL. Save for Mr. Ng King Kau who is the director and Mr. Kanagaraj Lorenz who is a commissioner in PT Spotpay, whom are also the directors of GHL, none of the other directors and/or major shareholders of GHL or persons connected to the directors and/or major shareholders of GHL have any interest, direct or indirect in the above transaction. This announcement is dated 30 April 2013. | |
ASIAEP - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN
| Company Name | ASIAEP RESOURCES BERHAD (ACE Market) |
| Stock Name | ASIAEP |
| Date Announced | 30 Apr 2013 |
| Category | General Announcement |
| Reference No | MI-130430-64655 |
| Regularisation Sponsor | KAF Investment Bank Berhad |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN |
| Description | ASIAEP RESOURCES BERHAD (“ASIAEP” OR “COMPANY”) AND ITS SUBSIDIARY COMPANIES ("ASIAEP GROUP" OR "GROUP") (1) PROPOSED CAPITAL REDUCTION; (2) PROPOSED CONSOLIDATION; (3) PROPOSED REDUCTION OF ACCUMULATED LOSSES; (4) PROPOSED ACQUISITION OF GFM; (5) PROPOSED ACQUISITION OF GFMS; (6) PROPOSED SHARE EXCHANGE; (7) PROPOSED CANCELLATION OF WARRANTS B IN EXCHANGE FOR WARRANTS A; (8) PROPOSED EXEMPTION; (9) PROPOSED OFFER FOR SALE; (10) PROPOSED PRIVATE PLACEMENT; (11) PROPOSED TRANSFER OF LISTING STATUS; AND (12) PROPOSED CANCELLATION OF ESOS. (THE PROPOSALS ABOVE ARE TO BE COLLECTIVELY REFERRED TO AS “PROPOSED REGULARISATION PLAN”) |
We refer to the Company’s announcement to Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 17 May 2012 whereby asiaEP was classified as a GN3 company pursuant to Paragraph 2.1(j) of Guidance Note 3 (“GN3”) of the ACE Market Listing Requirements of Bursa Securities (“ACE LR”) and to the Company’s further announcements of 1 June 2012, 2 July 2012, 1 August 2012, 3 September 2012, 1 October 2012, 2 October 2012, 1 November 2012, 3 December 2012, 2 January 2013, 4 February 2013, 1 March 2013 and 1 April 2013 in relation to the Company’s GN3 status. On behalf of the board of directors of the Company, KAF Investment Bank Berhad (“KAF Investment”) is pleased to announce that the Company proposes to undertake the Proposed Regularisation Plan to regularise the financial position of the Company. Further details of the Proposed Regularisation Plan are as per the attachment.
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MTRONIC - Changes in Sub. S-hldr's Int. (29B) - Tan Lian Hong
| Company Name | METRONIC GLOBAL BERHAD |
| Stock Name | MTRONIC |
| Date Announced | 30 Apr 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CC-130430-96153 |
Particulars of substantial Securities Holder
| Name | Tan Lian Hong |
| Address | No. 8 Jalan Impian Perdana 1, Impian Golf Saujana, Kajang, 43000 Selangor Darul Ehsan |
| NRIC/Passport No/Company No. | 870212-14-5201 |
| Nationality/Country of incorporation | Malaysian |
| Descriptions (Class & nominal value) | Ordinary shares of RM0.10 each |
| Name & address of registered holder | Alliance Group Nominees (Tempatan) Sdn Bhd (Pledged Securities Account for Tan Lian Hong) Menara Multi Purpose Capital Square 8 Jalan Munshi Abdullah 50100 Kuala Lumpur, Wilayah Persekutuan (KL) OSK Nominees (Tempatan) Sdn Bhd (Pledged Securities Account for Tan Lian Hong) 10th Floor, Plaza OSK Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan (KL). Tan Lian Hong No. 8, Jalan Impian Perdana 1 Impian Golf Saujana, Kajang 43000 Selangor Darul Ehsan |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 26/04/2013 | 1,500,000 | |
| Acquired | 26/04/2013 | 383,500 | |
| Acquired | 29/04/2013 | 1,046,400 |
MLAB - Annual Audited Accounts - 31 December 2012
| Company Name | MLABS SYSTEMS BERHAD (ACE Market) |
| Stock Name | MLAB |
| Date Announced | 30 Apr 2013 |
| Category | PDF Submission |
| Reference No | CA-130430-56034 |
| Subject | Annual Audited Accounts - 31 December 2012 |
NEXTNAT - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | NEXTNATION COMMUNICATION BERHAD (ACE Market) |
| Stock Name | NEXTNAT |
| Date Announced | 30 Apr 2013 |
| Category | General Announcement |
| Reference No | CS-130430-57718 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | NEXTNATION COMMUNICATION BERHAD ("NEXTNATION" OR "THE COMPANY") - ACQUISITION OF SALE SHARES |
The Board of Directors of Nextnation wishes to append herewith the following additional information in relation to the Company’s announcement made on 25 April 2013. (1) The net profits and net assets of PT Goldchild Integritas Abadi (“GIA”) based on its latest audited accounts. Based on the latest audited accounts of GIA for the financial year ended 31 December 2012, the net profit and net assets were IDR9,105,460,931 (approximately RM2,899,000) and IDR325,883,728,970 (approximately RM103,784,000) respectively. GIA is looking into acquiring several more coal mines to complete its portfolio before embarking on a fund raising exercise, including a proposed initial public offering (“IPO”) on the Indonesia Stock Exchange or other suitable regional exchanges within a period of 24 or 36 months. Over the next 12 months and going forward, GIA’s growth would be underpinned by its coal mines in South and East Kalimantan and coal trading businesses. Funds for further expansion would be raised from regional private equity investors and lenders. This investment into GIA provides the NCB Group an opportunity to participate in the growth of the resources sector, in particular coal mining in Indonesia. The commencement date of coal from GIA to NRSB is expected to be sometimes in the third or fourth Quarter of 2013. NRSB has commenced its search for coal buyers within the region, and it is the intention of NRSB to acquire coal from GIA only upon NRSB procuring ready committed buyers, so as to eliminate the risk of large unsold inventories. The selling price would be based on the market price of Indonesian coal of similar quality. Such prices are usually benchmarked off indexes such as the Indonesia Coal Index or Newcastle Coal Index. The sources of funds to finance the cost of acquiring coal would be internally generated funds and bank borrowings. The breakdown or ratio would be about 40% to 50% with internally generated funds and the balance with bank borrowings. (6) The amount of capital to be invested in the coal-trading business and sources of funds, including the breakdown thereof. The estimated amount of investment, which comprises the working capital required for the coal trading business, is approximately USD3.5 million or about RM10.5 million per month (based on the exchange rate of USD1.00 = RM3.00), out of which about RM4.0 million to RM5.0 million would be sourced from internally generated funds with the balance from bank borrowings or credit facilities. | |
ETITECH - MATERIAL LITIGATION
| Company Name | ETI TECH CORPORATION BERHAD |
| Stock Name | ETITECH |
| Date Announced | 30 Apr 2013 |
| Category | General Announcement |
| Reference No | CC-130429-37921 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | ETI TECH CORPORATION BERHAD (“Etitech” or “the Company”) Writ of Summon (Writ) and Statement of Claim filed by Maybank Islamic Berhad (“Maybank Islamic” or “the Plaintiff”) VS 1) ETI Tech (M) Sdn Bhd (“1st Defendant") 2) the Company ("2nd Defendant") |
The Board of Directors of Etitech wishes to announce that ETI Tech (M) Sdn Bhd (“ETI-M”), a wholly-owned subsidiary of Etitech as 1st Defendant and the Company as 2nd Defendant, had on 29 April 2013 been served with the Writ dated 16 April 2013 and Statement of Claim dated 15 April 2013 respectively issued by the Penang High Court in relation to a claim filed by Maybank Islamic through a firm of lawyers acting on behalf of the Plaintiff. Particulars of Claims The Plaintiff has made a claim of RM5,496,047.54 being the amount owing by ETI-M as at 31 March 2013 together with ta’wid (compensation) accruing thereon at the rate of 1% per annum from 01 April 2013 until the date of full payment. The Plaintiff has claimed against the Company as 2nd Defendant as Corporate Guarantor. The Penang High Court had fixed the matter for Case Management on 09 May 2013. Circumstances leading to the filing of the Writ On 19 March 2013, the Company as Corporate Guarantor received a legal notice of demand from a firm of lawyers acting on behalf of Maybank Islamic to demand from the Company the payment of the sum outstanding of RM5,495,909.73 as at 28 February 2013. In the event, the Company fails to settle the amount outstanding within 14 days, legal proceedings will commence against the Company for the recovery of the said amount without further reference to the Company, in which event the Company will be additionally liable for all costs incurred by Maybank Islamic on a solicitor and client basis. On 27 March 2013 and thereafter, ETI-M has been negotiating with Maybank Islamic on settlement of the amount outstanding. Maybank Islamic filed the Writ with the Penang High Court after their demand for total outstanding amount was not fully repaid. Financial & Operational Impact The amount had been accounted for in the Company’s and ETI-M’s accounts as such there is no further financial impact on the Group. The litigation will not have any operational impact on Group. Expected losses to the Group, if any, arising from the Writ Save for the amount that has already been provided, ETI-M and the Company are exposed to the losses resulted from the above claim, interest and legal cost in respect from the Writ. ETI-M is in the midst of negotiation with Maybank Islamic and the Company will announce further developments on the above matter as and when necessary. This announcement is dated 30 April 2013. | |
ETITECH - Consolidated results for the financial period ended 28/2/2013
| Company Name | ETI TECH CORPORATION BERHAD |
| Stock Name | ETITECH |
| Date Announced | 30 Apr 2013 |
| Category | Financial Results |
| Reference No | CC-130429-43267 |
| Financial Year End | 28/02/2013 |
| Quarter | Other |
| Quarterly report for the financial period ended | 28/02/2013 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION28/02/2013 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
Three Mths | Three Mths | Eighteen Mths | Twelve Mths | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 95 | 0 | 72,365 | 57,995 |
| 2 | Profit/(loss) before tax | -36,382 | 0 | -56,725 | 4,050 |
| 3 | Profit/(loss) for the period | -36,379 | 0 | -56,316 | 3,746 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | -36,379 | 0 | -56,316 | 3,746 |
| 5 | Basic earnings/(loss) per share (Subunit) | -5.15 | 0.00 | -7.97 | 0.55 |
| 6 | Proposed/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 ($$) | 0.0700 | 0.1500 | ||
| Remarks : |
| There are no comparative figures for the preceding year individual and cumulative quarters as the Company has changed its year end from 31 August to 28 February. The first set of financial statements with the new year end will be for the 18 months period ending 28 February 2013. |
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:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
SANICHI - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
| Company Name | SANICHI TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | SANICHI |
| Date Announced | 30 Apr 2013 |
| Category | General Announcement |
| Reference No | CC-130430-148CC |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | Sanichi Technology Berhad ("Sanichi" or "the Company") Guidance Note 5 - Monthly announcement |
Pursuant to the monthly announcement on the status of Default in Payment pursuant to GN5, the Board of Directors of Sanichi wishes to announce that there is no development on the status of default save and except for the announcements made to date. This announcement is dated 30 April 2013. | |
MYEG - Notice of Shares Buy Back - Immediate Announcement
| Company Name | MY E.G. SERVICES BERHAD |
| Stock Name | MYEG |
| Date Announced | 30 Apr 2013 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CC-130430-4E861 |
XOX - OTHERS XOX BHD ("XOX" or "THE COMPANY") - Subscription of Shares in XOX Lifestyle Sdn Bhd
| Company Name | XOX BHD (ACE Market) |
| Stock Name | XOX |
| Date Announced | 30 Apr 2013 |
| Category | General Announcement |
| Reference No | CC-130430-35188 |
| Admission Sponsor | AmInvestment Bank Bhd |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | OTHERS |
| Description | XOX BHD ("XOX" or "THE COMPANY") - Subscription of Shares in XOX Lifestyle Sdn Bhd |
The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that the Company had on 30 April 2013 subscribed for an additional 101,998 new ordinary shares of RM1.00 each in XOX Lifestyle Sdn Bhd (“XOX Lifestyle”), a wholly-owned subsidiary of XOX, at par for a total cash consideration of RM101,998.00 only (“Subscription”) by way of capitalisation of an amount owing by XOX Lifestyle to XOX amounting to RM101,998.00. On 30 April 2013, Bumi Nusa Setia Sdn Bhd subscribed for an additional 98,000 new ordinary shares of RM1.00 each in XOX Lifestyle at par, representing 49% of the enlarged issued and paid-up share capital of XOX Lifestyle, as consideration for the transfer and installation of a customised software valued at RM98,000.00 to XOX Lifestyle. As a result of this Subscription, total equity held by XOX in XOX Lifestyle is 102,000 ordinary shares of RM1.00 each, representing 51% of the enlarged issued and paid-up share capital of XOX Lifestyle and the total cost of investment of XOX in XOX Lifestyle increased from RM2.00 to RM102,000.00. The Subscription will not have any material impact on the earnings and net asset of XOX for the financial year ending 30 June 2013. None of the directors, substantial shareholders and/or persons connected with them has any interest, direct or indirect, in the Subscription. The Subscription is not subject to the approval of the shareholders of the Company or other relevant authorities. The Directors of XOX, after taking into consideration of all financial and other factors, is of the opinion that the Subscription is in the best interest of the Company. This announcement is dated 30 April 2013. | |
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