April 17, 2013

Company announcements: WILLOW, IFCAMSC, INIX, MICROLN, MYEG, CATCHA, CIMB

WILLOW - OTHERS NEW CONTRACT AWARDED

Announcement Type: General Announcement
Company NameWILLOWGLEN MSC BERHAD  
Stock Name WILLOW  
Date Announced17 Apr 2013  
CategoryGeneral Announcement
Reference NoWM-130417-58957

TypeAnnouncement
SubjectOTHERS
DescriptionNEW CONTRACT AWARDED

We refer to our announcement made on 16 April 2013 pertaining to New Contract Awarded and wish to advise that the contract is expected to contribute positively to the Group’s earnings and net assets per share for the financial years ending 31 December 2013 to 2015.

This announcement is dated 17 April 2013.



IFCAMSC - Changes in Sub. S-hldr's Int. (29B) - Yong Keang Cheun

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIFCA MSC BERHAD (ACE Market) 
Stock Name IFCAMSC  
Date Announced17 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIM-130417-63097

Particulars of substantial Securities Holder

NameYong Keang Cheun
AddressNo. 1, Jalan 17/21G,
46400 Petaling Jaya,
Selangor.
NRIC/Passport No/Company No.590319-08-5003
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderIFCA Software (Asia) Sdn. Bhd.
24B, Persiaran Zaaba,
Taman Tun Dr Ismail,
60000 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/04/2013
8,000,000
 

Circumstances by reason of which change has occurredOff market transaction
Nature of interestIndirect
Direct (units)45 
Direct (%) 
Indirect/deemed interest (units)207,904,643 
Indirect/deemed interest (%)46.2 
Total no of securities after change207,904,688
Date of notice17/04/2013

Remarks :
Deemed interest by vitual of his shareholdings in IFCA Software (Asia) Sdn. Bhd. pursuant to Section 6A of the Companies Act, 1965.


IFCAMSC - Changes in Sub. S-hldr's Int. (29B) - IFCA SOFTWARE (ASIA) SDN. BHD.

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIFCA MSC BERHAD (ACE Market) 
Stock Name IFCAMSC  
Date Announced17 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIM-130417-60518

Particulars of substantial Securities Holder

NameIFCA SOFTWARE (ASIA) SDN. BHD.
Address24B, Persiaran Zaaba,
Taman Tun Dr Ismail,
60000 Kuala Lumpur.
NRIC/Passport No/Company No.161054-V
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderIFCA SOFTWARE (ASIA) SDN. BHD.
24B, Persiaran Zaaba,
Taman Tun Dr Ismail,
60000 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/04/2013
8,000,000
 

Circumstances by reason of which change has occurredOff market transaction
Nature of interestDirect
Direct (units)207,904,643 
Direct (%)46.2 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change207,904,643
Date of notice17/04/2013


IFCAMSC - Changes in Sub. S-hldr's Int. (29B) - Yong Kian Keong

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameIFCA MSC BERHAD (ACE Market) 
Stock Name IFCAMSC  
Date Announced17 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIM-130417-63739

Particulars of substantial Securities Holder

NameYong Kian Keong
AddressNo. 1, Jalan SS2/16,
47300 Petaling Jaya,
Selangor
NRIC/Passport No/Company No.610604-08-6131
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10 each
Name & address of registered holderIFCA Software (Asia) Sdn. Bhd.
24B, Persiaran Zaaba,
Taman Tun Dr ISmail,
60000 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired16/04/2013
8,000,000
 

Circumstances by reason of which change has occurredOff market transaction
Nature of interestIndirect
Direct (units)2,179,365 
Direct (%)0.48 
Indirect/deemed interest (units)207,904,643 
Indirect/deemed interest (%)46.2 
Total no of securities after change210,084,008
Date of notice17/04/2013

Remarks :
Deemed interest by vitual of his shareholdings in IFCA Software (Asia) Sdn. Bhd. pursuant to Section 6A of the Companies Act, 1965.


INIX - OTHERS INIX TECHNOLOGIES HOLDINGS BERHAD ("Inix" or "the Company") -Acquisition of wholly-Owned subsidiary

Announcement Type: General Announcement
Company NameINIX TECHNOLOGIES HOLDINGS BERHAD (ACE Market) 
Stock Name INIX  
Date Announced17 Apr 2013  
CategoryGeneral Announcement
Reference NoCC-130417-35171

TypeAnnouncement
SubjectOTHERS
DescriptionINIX TECHNOLOGIES HOLDINGS BERHAD ("Inix" or "the Company")
-Acquisition of wholly-Owned subsidiary

The Board of Directors of Inix wishes to announce on the acquisition of a wholly-owned subsidiary under the name of Interflagship Sdn Bhd.

The details of the announcement is attached herewith.

This announcement is dated 17 April 2013.



MICROLN - PUBLIC SHAREHOLDINGS SPREAD

Announcement Type: General Announcement
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced17 Apr 2013  
CategoryGeneral Announcement
Reference NoCC-130417-32337

TypeAnnouncement
SubjectPUBLIC SHAREHOLDINGS SPREAD
DescriptionMICROLINK SOLUTIONS BERHAD
- PUBLIC SHAREHOLDINGS SPREAD

Further to the announcement made on 13 March 2013, Microlink Solutions Berhad ("MSB" or "the Company") wishes to announce that Bursa Malaysia Securites Berhad had, vide its letter dated 15 April 2013, granted an extension of time of 6 months from 28 February 2013 until 27 August 2013 to comply with the public shareholding spread requirement pursuant to Rule 8.02(1) of the ACE Market Listing Requirements.

Based on the Register of Depositors as at 28 February 2013, the Company's public shareholding spread as at 28 February 2013 was 22.50%.

To meet the Required Public Shareholding Spread, MSB proposes to undertake the following Rectification Plan within the proposed extension of time:-

(1) Employee share option scheme (“ESOS”) - Encourage the eligible employees of MSB and its subsidiary companies under the Company’s ESOS to exercise their options.

(2) Strategic corporate exercise as well as other viable options available.

This announcement is dated 17 April 2013.



MYEG - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameMY E.G. SERVICES BERHAD  
Stock Name MYEG  
Date Announced17 Apr 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-130417-15673

Date of buy back17/04/2013
Description of shares purchasedOrdinary Shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)95,000
Minimum price paid for each share purchased ($$)0.835
Maximum price paid for each share purchased ($$)0.835
Total consideration paid ($$)79,325.00
Number of shares purchased retained in treasury (units)95,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)8,349,900
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 (%)1.3892


MYEG - 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 NameMY E.G. SERVICES BERHAD  
Stock Name MYEG  
Date Announced17 Apr 2013  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCC-130411-F830D

Date of buy back from03/04/2013
Date of buy back to09/04/2013
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)209,000
Minimum price paid for each share purchased ($$)0.815
Maximum price paid for each share purchased ($$)0.865
Total amount paid for shares purchased ($$)173,754.50
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)209,000
Total number of shares retained in treasury (units)7,893,800
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies17/04/2013
Lodged by Boardroom Corporate Services (KL) Sdn Bhd


CATCHA - OTHERS Catcha Media Berhad (“Catcha Media” or “the Company”) - Waiver of Call Option of the 51% of the Total Issued and Paid-Up Shares in Catcha Digital Asia Pte Ltd

Announcement Type: General Announcement
Company NameCATCHA MEDIA BERHAD (ACE Market) 
Stock Name CATCHA  
Date Announced17 Apr 2013  
CategoryGeneral Announcement
Reference NoCC-130408-56623

Admission SponsorRHB Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionCatcha Media Berhad (“Catcha Media” or “the Company”)
- Waiver of Call Option of the 51% of the Total Issued and Paid-Up Shares in Catcha Digital Asia Pte Ltd
Introduction
The Board of Directors ("Board") of Catcha Media Berhad (“Catcha Media” or our "Company") wishes to announce that the Independent Directors of the Company had on 13 March 2013 agreed to waive the Company's rights in the Call Option Agreement dated 12 November 2010 entered into between Catcha Media and its substantial shareholder, Catcha Group Pte Ltd (“CGPL”) (“Option Agreement”) (“Waiver”).

The Option Agreement granted our Company the right to purchase 51.00% of the total equity interest in Catcha Digital Asia Pte Ltd (“CDA”), a subsidiary of CGPL, at a purchase consideration to be determined later subject to the terms and conditions of the Option Agreement. The Option Agreement was for a period of two (2) years commencing from the date of the listing of Catcha Media, which was on 22 July 2011.

On 11 March 2013, the Company has received a letter from CGPL requesting the Company to waive the Option Agreement due to, amongst others, the following:

(i) CDA was loss making;
(ii) CDA requires additional investments to make it profitable;
(iii) the existence of the Option Agreement may make any future sale of CDA to another party difficult; and
(iv) the Option Agreement expires on 22 July 2013.

On 13 March 2013, the Independent Directors of Catcha Media after having reviewed the financial information of CDA for the past (2) years and the latest management accounts, the Independent Directors of Catcha Media has agreed to the Waiver subject to the condition that if CGPL does sell CDA shares within two (2) years from the same date, the proceeds from such sale will be apportioned such that Catcha Media receives 51% of the proceeds from the said sale of CDA from CGPL.

On 9 April 2013, CGPL informed our Company that the sale of CDA by CGPL was completed and that the proceeds from the sale attributable to Catcha Media, amounting to SGD688,513.77 (equivalent to RM1.69 million based on the exchange rate of SGD1.00 : RM2.45) is payable to Catcha Media and will be paid in due course.

Rationale

The Waiver was granted as CDA was loss making in 2012 and it would have required additional investments to make it profitable in the future. In addition, there is also the concern with the constant changes to technology and technology related business landscape which may further derail the success of CDA. Further, the Option Agreement would have expired within four (4) months from the date of the Waiver. The Waiver would also enable our Company to receive 51% of the proceeds from the sale of CDA in the event that CGPL manages to dispose of CDA.

Financial Effect

The Waiver will not have any material effect on the share capital, substantial shareholdings, net assets per share, earnings per share and gearing of Catcha Media for the financial year ending 31 December 2013.

Directors’ Recommendation

The Board (save for Patrick Y-Kin Grove, Kensuke Tsurumaru and Lucas Robert Elliott, who are Directors of Catcha Media, major shareholder of CGPL and a major shareholder of Catcha Media through their major shareholding in CGPL), having considered the rationale and financial effects respectively of this announcement, is of the opinion that the Waiver is in the best interest of Catcha Media and not detrimental to the interest of the non-interested shareholders of Catcha Media.

This announcement is dated 17 April 2013.


CIMB - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameCIMB GROUP HOLDINGS BERHAD  
Stock Name CIMB  
Date Announced17 Apr 2013  
CategoryGeneral Meetings
Reference NoCG-130416-60168

Type of MeetingAGM
IndicatorOutcome of Meeting
Date of Meeting17/04/2013
Time09:30 AM
VenueGrand Ballroom, Level 1
Sime Darby Convention Centre
1A, Jalan Bukit Kiara 1
60000 Kuala Lumpur
Outcome of Meeting

We are pleased to announce that the shareholders of CIMB Group Holdings Berhad had approved all resolutions tabled at the Company's Annual General Meeting.

This announcement is dated 17 April 2013.

c.c. Securities Commission



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