April 16, 2013

Company announcements: WILLOW, IRIS, BAHVEST, FLONIC, STEMLFE, WINSUN, AMBANK, MBSB, SPK, IOICORP

WILLOW - OTHERS NEW CONTRACT AWARDED

Announcement Type: General Announcement
Company NameWILLOWGLEN MSC BERHAD  
Stock Name WILLOW  
Date Announced16 Apr 2013  
CategoryGeneral Announcement
Reference NoWM-130416-59231

TypeAnnouncement
SubjectOTHERS
DescriptionNEW CONTRACT AWARDED

On behalf of the Board of Directors of Willowglen MSC Berhad (“the Company”), we are pleased to announce that on 15 April 2013 the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has been awarded a contract valued equivalent to about RM12,000,000 by Singapore Power for the Supply and Installation of Intruder Detection System.

The commencement date of the contract is on 15 April 2013 and will be completed by 14 April 2015. The contract is expected to contribute to the Group’s earnings and net assets per share for the financial years ending 31 December 2013 to 2015.

The contract is not renewable and the risks in respect of the Contract are the normal business risks.

None of the directors and / or major shareholders of the Company or persons connected to the said directors and / or major shareholders have any interest, direct or indirect in the new contract awarded. 



This announcement is dated 16 April 2013.



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

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced16 Apr 2013  
CategoryGeneral Announcement
Reference NoIC-130416-58742

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionACQUISITION OF NEW SUBSIDIARY COMPANY BY IRIS CORPORATION BERHAD

SUBJECT: ACQUISITION OF A NEW SUBSIDIARY COMPANY

1.0 The Board of Directors of IRIS Corporation Berhad (“ICB” or “the Company”) wishes to inform that ICB had on 11 April 2013 acquired 2 ordinary shares of RM1.00 each representing 100% of PLATINUM ENCODED SDN BHD (Company No.1033117-D) (“PLATINUM ENCODED”) for a total cash consideration of RM2.00 (“the Acquisition”).

2.0 INFORMATION ON PLATINUM ENCODED

PLATINUM ENCODED was incorporated on 29 January 2013 under the Companies Act 1965, in Malaysia and has an authorized share capital of RM100,000 comprising of 100,000 ordinary shares of RM1.00 each of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up. PLATINUM ENCODED is currently dormant and its intended business activity is as an investment holding company for all educational business undertaken by ICB subsidiaries.

3.0 EFFECTS OF THE ACQUISITION

The Acquisition does not have any effect on the issued and paid up share capital and major shareholdings structure of ICB and does not have any material effect on the net assets and earnings of ICB.

4.0 DIRECTORS AND MAJOR SHAREHOLDERS’INTEREST

As of the date hereof, none of the directors and/or major shareholders, and/or persons connected with the directors and/or major shareholders of the Company or any of its subsidiaries have any interest, direct or indirect, in this Acquisition.

5.0 APPROVAL REQUIRED

The Acquisition is not subject to the approval of the shareholders of ICB or any relevant government authorities.

6.0 DIRECTORS’ STATEMENT

Having considered all aspects of the Acquisition, the Board of Directors of ICB is of the opinion that the Acquisition is in the best interest of ICB.

This announcement is dated 16 April 2013.



BAHVEST - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameBORNEO AQUA HARVEST BERHAD (ACE Market) 
Stock Name BAHVEST  
Date Announced16 Apr 2013  
CategoryGeneral Announcement
Reference NoOS-130416-62687

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionBORNEO AQUA HARVEST BERHAD (“BAHVEST” OR “COMPANY”)

PRIVATE PLACEMENT OF UP TO 35,000,000 NEW ORDINARY SHARES OF RM0.10 EACH IN BAHVEST TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“PRIVATE PLACEMENT”)

Reference is made to the announcement dated 18 March 2013 related to the Private Placement.

 

On behalf of the Board of Directors of BAHVEST, M&A Securities Sdn Bhd is pleased to announce that the Company has fixed the issue price at RM0.80 per Placement Share to be issued pursuant to the Private Placement.

 

The aforementioned issue price of RM0.80 per Placement Share represents a premium of approximately RM0.006 or 0.76% from the five (5)-day weighted average market price of BAHVEST Shares from 9 April 2013 to 15 April 2013 of approximately RM0.794 per share.

 

This announcement is dated 16 April 2013.



FLONIC - OTHERS FLONIC HI-TEC BHD ("FLONIC" or "THE COMPANY") - RE-ORGANISATION OF GROUP STRUCTURE PURSUANT TO RULE 9.19(5) OF ACE MARKET LISTING REQUIREMENTS

Announcement Type: General Announcement
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced16 Apr 2013  
CategoryGeneral Announcement
Reference NoCS-130416-4F827

TypeAnnouncement
SubjectOTHERS
DescriptionFLONIC HI-TEC BHD ("FLONIC" or "THE COMPANY")
- RE-ORGANISATION OF GROUP STRUCTURE PURSUANT TO RULE 9.19(5) OF ACE MARKET LISTING REQUIREMENTS
Further to the Company's announcement on 28 September 2012, the Company wishes to announce that its wholly-owned subsidiary, Flonic Advance Sdn. Bhd. (Company No. 572849-T) had on 12 April 2013 disposed 500,000 ordinary shares of RM1/- each fully paid-up in the capital of Flonic Engineering Sdn. Bhd. (Company No. 600567-T) ("FESB") at a total cash consideration of RM500,000/- to the Company.
In consequence thereto, FESB has become a direct wholly-owned subsidiary of FLONIC.

This announcement is dated 16 April 2013.


STEMLFE - Annual Audited Accounts - 31 December 2012

Announcement Type: PDF Submission
Company NameSTEMLIFE BERHAD (ACE Market) 
Stock Name STEMLFE  
Date Announced16 Apr 2013  
CategoryPDF Submission
Reference NoCZ-130412-58367

SubjectAnnual Audited Accounts - 31 December 2012


WINSUN - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameWINSUN TECHNOLOGIES BERHAD (ACE Market) 
Stock Name WINSUN  
Date Announced16 Apr 2013  
CategoryChange in Boardroom
Reference NoCC-130411-38393

Date of change16/04/2013
NameSoo Tee Wei
Age38
NationalityMalaysian
Type of changeAppointment
DesignationExecutive Director
DirectorateExecutive
QualificationsHe holds a Diploma in IT and Certificate in Financial Planning. 
Working experience and occupation He has many years of experience in the IT industry. His expertise includes the implementation of highly effective web applications, marketing and the cost-effective management of innovative customer and technical support strategies.

His proven ability is to successfully analyze an organization's online presence and branding requirements, identify deficiencies and potential opportunities, and develop innovative solutions for increasing online branding and improving productivity.

From 2003 to 2006, he was an associate partner of VKA Wealth Planner Sdn. Bhd. where he was responsible to provide training on IT and website marketing.

During his tenure with Grow IT Marketing from 2007 to 2012, he was a Search Engine Optimization Specialist cum Website Developer. His responsibility was to manage more than 50 websites. He was contracted to manage a local listed company’s website development and online marketing, a top trucks seller company’s website and a top retread tyres manufacturer in Malaysia. He was also a Curriculum Developer for the Web Development Programming course where he was responsible for course development, lecture preparation and development of practical application exercises for web development.

Currently, he is the Chief Executive Officer for Add Zee Media Sdn. Bhd. and Impress Publishing Sdn. Bhd.  
Directorship of public companies (if any)None 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone 


AMBANK - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameAMMB HOLDINGS BERHAD  
Stock Name AMBANK  
Date Announced16 Apr 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAH-130416-6B4CC

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
[Disposal of 5,000,000 shares]

2. Employees Provident Fund Board

3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KIB)

4. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (HDBS)

5. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (MAYBAN)

6. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ALLIANCE)

7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)

8. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB PRI)

9. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ARIM)

10. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (TEMPLETON)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed11/04/2013
5,000,000
 

Circumstances by reason of which change has occurredDisposal of shares
Nature of interestDirect interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change347,407,557
Date of notice12/04/2013

Remarks :
This notice was received on 16 April 2013.


MBSB - OTHERS CHANGE OF NAME OF A SUBSIDIARY COMPANY - AMBANG HARTAMAS SDN BHD (COMPANY NO. 1024409-X), A WHOLLY OWNED SUBSIDIARY COMPANY OF MALAYSIA BUILDING SOCIETY BERHAD

Announcement Type: General Announcement
Company NameMALAYSIA BUILDING SOCIETY BERHAD  
Stock Name MBSB  
Date Announced16 Apr 2013  
CategoryGeneral Announcement
Reference NoMB-130411-51286

TypeAnnouncement
SubjectOTHERS
DescriptionCHANGE OF NAME OF A SUBSIDIARY COMPANY
- AMBANG HARTAMAS SDN BHD (COMPANY NO. 1024409-X),
A WHOLLY OWNED SUBSIDIARY COMPANY OF MALAYSIA BUILDING SOCIETY BERHAD
The Board of Directors of Malaysia Building Society Berhad ("MBSB") wishes to announce that Ambang Hartamas Sdn Bhd (Company No.: 1024409-X), a wholly owned subsidiary of MBSB, has on 15 April 2013, changed its name to MBSB Tower Sdn. Bhd.
The Certificate of Change of Name ("Form 13") dated 15 April 2013 was received from the Companies Commission of Malaysia on 16 April 2013.

This announcement is dated 16 April 2013.


SPK - DELISTING OF SECURITIES

Announcement Type: General Announcement
Company NameSPK-SENTOSA CORPORATION BERHAD  
Stock Name SPK  
Date Announced16 Apr 2013  
CategoryGeneral Announcement
Reference NoSC-130416-54559

TypeAnnouncement
SubjectDELISTING OF SECURITIES
DescriptionTHE PROPOSED WITHDRAWAL OF SPK-SENTOSA CORPORATION BERHAD’S ("SPK-SENTOSA" OR “THE COMPANY”) LISTING FROM THE OFFICIAL LIST OF THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) PURSUANT TO PARAGRAPH 16.06 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA SECURITIES (“LISTING REQUIREMENTS”)

We refer to the announcements dated 16 January 2013, 6 February 2013, 21 March 2013 and 1 April 2013.

The Board of Directors of SPK-Sentosa wishes to announce that Bursa Securities has, via its letter dated 16 April 2013, informed the Company that pursuant to paragraph 16.06 of the Listing Requirements, the entire issued and paid-up share capital of SPK-Sentosa will be removed from the Official List of Bursa Securities with effect from 9.00 a.m., Friday, 19 April 2013.

This announcement is dated 16 April 2013.



IOICORP - OTHERS IOI Corporation Berhad ("IOI Corp" or the "Company") Acquisition of Subsidiary

Announcement Type: General Announcement
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced16 Apr 2013  
CategoryGeneral Announcement
Reference NoCU-130416-A1876

TypeAnnouncement
SubjectOTHERS
DescriptionIOI Corporation Berhad ("IOI Corp" or the "Company")
Acquisition of Subsidiary
The Board of Directors of IOI Corp is pleased to announce that IOI Properties Berhad, a 99.8%-owned subsidiary of the Company, had on 16 April 2013 acquired 2 ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital in IOI Mulberry Sdn Bhd (“IOI Mulberry”) from Dato’ Lee Yeow Chor (“Dato’ Lee”) and Mr Lee Yeow Seng (“Mr Lee”) for a total cash consideration of Ringgit Malaysia Two (RM2.00) only (the “Acquisition”). Following the Acquisition, IOI Mulberry will become an indirect 99.8%-owned subsidiary of IOI Corp.
IOI Mulberry was incorporated on 11 April 2013 as a private limited company under the Companies Act, 1965 and is currently dormant.

Vertical Capacity Sdn Bhd (“VCSB”) is a Major Shareholder of IOI Corp. Progressive Holdings Sdn Bhd (“PHSB”), which holds 100% equity interest in VCSB, is a company connected to Tan Sri Dato’ Lee Shin Cheng (“Tan Sri Lee”).

Tan Sri Lee, Dato’ Lee Yeow Chor (“Dato’ Lee”) and Mr Lee are the Directors and deemed Major Shareholders of IOI Corp. Dato’ Lee and Mr Lee are the sons of Tan Sri Lee, while Mr Lee Cheng Leang is a Director of IOI Corp and a brother of Tan Sri Lee. Puan Sri Datin Hoong May Kuan, who is the spouse of Tan Sri Lee, and PHSB are the deemed Major Shareholders of IOI Corp.
    Save as disclosed, none of the other Directors and/or Major Shareholders of IOI Corp and/or persons connected to them has any interest, direct or indirect in the Acquisition.

    This announcement is dated 16 April 2013.


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