May 2, 2013

Company announcements: 3A, AGLOBAL, REDTONE, KARYON, IDEAL, KEYWEST, NEXTNAT, GENETEC, FLONIC

3A - OTHERS THREE-A RESOURCES BERHAD ("3A") Change of membership of Nomination Committee

Announcement Type: General Announcement
Company NameTHREE-A RESOURCES BERHAD  
Stock Name 3A  
Date Announced2 May 2013  
CategoryGeneral Announcement
Reference NoCK-130502-52865

TypeAnnouncement
SubjectOTHERS
DescriptionTHREE-A RESOURCES BERHAD ("3A")
Change of membership of Nomination Committee
The Board of Directors of Three-A Resources Berhad ("3A") wishes to announce that Non-Independent Executive Director Mr. Fong Chu King @ Tong Chu King has resigned as member of Nomination Committee of 3A and Independent Non-Executive Director Mr. Khoo Wee Boon was appointed as a member of the Nomination Committee to fill the aforesaid vacancy arising from the resignation of Non-Independent Executive Director Mr. Fong Chu King @ Tong Chu King as member of the Nomination Committee with effect from 2 May 2013.
Following the above changes, the composition of the Nomination Committee of 3A now comprised of:-

Encik Mohd Zaki Bin Hamzah (Independent Non-Executive Director) - Chairman
Mr. Chew Eng Chai (Independent Non-Executive Director) - member
Mr. Khoo Wee Boon (Independent Non-Executive Director) - member


This announcement is dated 2 May 2013


AGLOBAL - OTHERS ARIANTEC GLOBAL BERHAD ("AGB" OF "THE COMPANY") QUALIFICATION IN THE EXTERNAL AUDITORS' REPORT ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012

Announcement Type: General Announcement
Company NameARIANTEC GLOBAL BERHAD (ACE Market) 
Stock Name AGLOBAL  
Date Announced2 May 2013  
CategoryGeneral Announcement
Reference NoCM-130502-45145

TypeAnnouncement
SubjectOTHERS
DescriptionARIANTEC GLOBAL BERHAD ("AGB" OF "THE COMPANY")
QUALIFICATION IN THE EXTERNAL AUDITORS' REPORT ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012

Please refer to the detailed announcement attached herewith.

This announcement is dated 2 May 2013.



REDTONE - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced2 May 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCK-130502-1E909

Date of buy back02/05/2013
Description of shares purchasedOrdinary Shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)125,000
Minimum price paid for each share purchased ($$)0.390
Maximum price paid for each share purchased ($$)0.400
Total consideration paid ($$)49,597.19
Number of shares purchased retained in treasury (units)125,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)5,065,800
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 (%)1.05


KARYON - Changes in Sub. S-hldr's Int. (29B) - TEOH GUAN KOK & CO. SDN. BERHAD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKARYON INDUSTRIES BERHAD (ACE Market) 
Stock Name KARYON  
Date Announced2 May 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCU-130430-39097

Particulars of substantial Securities Holder

NameTEOH GUAN KOK & CO. SDN. BERHAD
Address24, JALAN TALIPON, 10400 PENANG
NRIC/Passport No/Company No.3485-W
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)ORDINARY SHARE OF RM0.10 EACH
Name & address of registered holderTEOH GUAN KOK & CO. SDN. BERHAD
24, JALAN TALIPON, 10400 PENANG

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired25/04/2013
1,100,000
0.175 
Acquired26/04/2013
1,200,000
0.175 
Acquired30/04/2013
994,100
0.170 

Circumstances by reason of which change has occurred1. Acquired of 2,300,000 ordinary shares in Karyon Industries Berhad at RM0.175 each through open market.
2. Acquired of 994,100 ordinary shares in Karyon Industries Berhad at RM0.170 each through open market.
Nature of interestDirect
Direct (units)25,183,992 
Direct (%)6.62 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change25,183,992
Date of notice02/05/2013


IDEAL - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameIDEAL SUN CITY HOLDINGS BERHAD (ACE Market) 
Stock Name IDEAL  
Date Announced2 May 2013  
CategoryGeneral Announcement
Reference NoCP-130502-538AD

Regularisation SponsorM&A Securities Sdn Bhd
SponsorSame as above
TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionIDEAL SUN CITY HOLDINGS BERHAD (“IDEAL” or “the Company”)
- Monthly Announcement Pursuant to Guidance Note 5/2006 ("GN5") – Default in Payments

Further to the announcement made on 1 April 2013 pursuant to GN5 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of IDEAL (“the Board”) wishes to inform that with request to the settlement of debt with Orix Credit Malaysia Sdn Bhd ("Orix"), the High Court of Johore Bahru has on 9 January 2012 dismissed the claim of Orix against Ideal Property Concepts Sdn Bhd and the Company. An appeal has been filed by Orix on 1 February 2012. The Court has fixed the Case Management on 21 May 2013 for the appeal. The Company will make the necessary announcement on further development on this matter, if any.

IDEAL will no longer be in default of payments to the financial institution provided that Orix’s appeal is dismissed.

This announcement is dated 2 May 2013.

 



IDEAL - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameIDEAL SUN CITY HOLDINGS BERHAD (ACE Market) 
Stock Name IDEAL  
Date Announced2 May 2013  
CategoryGeneral Announcement
Reference NoCP-130502-538C0

Regularisation SponsorM&A Securities Sdn Bhd
SponsorSame as above
TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionIDEAL SUN CITY HOLDINGS BERHAD
- Monthly Announcement On the Status of the Company’s Plan to Comply With the Obligation to Regularise its Condition Pursuant to Guidance Note 3 ("GN3") of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements (“ACE LR”)

Reference is made to the announcement dated 1 April 2013, in compliance with paragraph 4.4 of the GN3 of ACE LR. The Board of Directors of IDEAL (“Board”) wishes to announce that the Company has submitted its Proposal and regularisation plan to Bursa Malaysia Securities Berhad (“Bursa Securities”) on 25 September 2012.

The Board wishes to inform that the Company’s revised forecasted and projected financial statement in relation to its proposed regularisation plan has been resubmitted to Bursa Securities on 27 March 2013. Any further developments to the proposed regularisation plan shall be announced accordingly.

This announcement is dated 2 May 2013. 

   

 



KEYWEST - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameKEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (ACE Market) 
Stock Name KEYWEST  
Date Announced2 May 2013  
CategoryGeneral Announcement
Reference NoCS-130502-3AE0F

Regularisation SponsorM&A Securities Sdn Bhd
SponsorSame as above
TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionKEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (“the Company” or “KeyWest”)
- ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE ("GN") 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR ACE MARKET ("ACE LR") ("MONTHLY ANNOUNCEMENT")
Reference is made to the Company's Monthly Announcement dated 2 April 2013 for the month of April 2013. The Board of Directors of KeyWest wishes to announce that there is no further development to the regularisation plan of the Company, save for those which had been previously announced.
Pursuant to Rule 8.04(3)(i) of the ACE LR, the Company has approximately one (1) month up to 30 May 2013 to obtain the approval of Bursa Securities to implement its Regularisation Plan.

This announcement is dated 2 May 2013.


NEXTNAT - DISPOSAL OF 57 ORDINARY SHARES OF USD1.00 EACH REPRESENTING 60% SHAREHOLDING IN THE CAPITAL OF ELASITAS TECHNOLOGY LIMITED ("ETL") ("ETL SHARES") BY GODYNAMIC INVESTMENT LIMITED ("GIL"), A 51% OWNED SUBSIDIARY OF NEXTNATION COMMUNICATION BERHAD, TO TRUE ACCURATE LIMITED ("TAL") FOR A CASH CONSIDERATION OF USD2.6 MILLION (EQUIVALENT TO RM7.97 MILLION) ("DISPOSAL")

Announcement Type: General Announcement
Company NameNEXTNATION COMMUNICATION BERHAD (ACE Market) 
Stock Name NEXTNAT  
Date Announced2 May 2013  
CategoryGeneral Announcement
Reference NoCS-130502-4C67F

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-130430-44712
SubjectDISPOSAL OF 57 ORDINARY SHARES OF USD1.00 EACH REPRESENTING 60% SHAREHOLDING IN THE CAPITAL OF ELASITAS TECHNOLOGY LIMITED ("ETL") ("ETL SHARES") BY GODYNAMIC INVESTMENT LIMITED ("GIL"), A 51% OWNED SUBSIDIARY OF NEXTNATION COMMUNICATION BERHAD, TO TRUE ACCURATE LIMITED ("TAL") FOR A CASH CONSIDERATION OF USD2.6 MILLION (EQUIVALENT TO RM7.97 MILLION) ("DISPOSAL")
DescriptionNEXTNATION COMMUNICATION BERHAD ("NEXTNATION" OR "THE COMPANY")
- DISPOSAL OF 57 ORDINARY SHARES OF USD1.00 EACH REPRESENTING 60% SHAREHOLDING IN THE CAPITAL OF ELASITAS TECHNOLOGY LIMITED REPRESENTING 60% EQUITY INTEREST, BY GODYNAMIC INVESTMENT LIMITED FOR A CASH CONSIDERATION OF USD2.6 MILLION (EQUIVALENT TO RM7.97 MILLION)
Query Letter Contents We refer to the Company's announcement dated 29 April 2013, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

The net profits and net assets of GIL based on its latest audited accounts.
2. The original cost and date of investment by GIL in the ETL Shares.
3. The particulars of all liabilities to be assumed by the TAL arising from
the Disposal.

Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully

TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE /NMA

c.c.General Manager & Head Market Surveillance Department, Market Oversight
Division,Securities Commission (via fax)
The Board of Director of Nextnation wishes to append herewith the following additional information in relation to the Company’s announcement made on 29 April 2013.
(1) The net profits and net assets of Godynamic Investments Limited (“GIL”) based on its latest audited accounts.

      Based on the latest audited accounts of GIL for the financial year ended 30 April 2012, its net losses and net liabilities were USD603,282 (approximately RM1,847,094) and USD22,188,574 (approximately RM66,483,859) respectively.
(2) The original cost and date of investment by GIL in the Elasitas Technologies Berhad (“ETL”) Shares.

      The original cost of investment by GIL for the 60% equity interest in ETL is approximately RM2.24 million.The date of investment by GIL in ETL was on 8 June 2006.
(3) The particulars of all liabilities to be assumed by True Accurate Limited (“TAL”) arising from the Disposal.

      No liabilities are to be assumed by TAL arising from the Disposal.
This announcement dated 2 May 2013.


GENETEC - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT

Announcement Type: General Announcement
Company NameGENETEC TECHNOLOGY BERHAD (ACE Market) 
Stock Name GENETEC  
Date Announced2 May 2013  
CategoryGeneral Announcement
Reference NoGT-130502-42634

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionGenetec Technology Berhad ("Genetec" or the "Company")
Monthly update on the status of its default in payment pursuant to Guidance Note 5 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("GN5")

We refer to our earlier announcements on 2 April 2013 and 4 April 2013 and in compliance with paragraph 3.2 (a) of GN 5.

The Board of Directors of Genetec wishes to announce that the management had on 11 April 2013 engaged Phoenix Management Services, LLC of Atlanta, USA, as recommended by Wells Fargo Bank, National Association (“Wells Fargo”) to maximize the recovery of the assets which include the collection of the outstanding account receivables and the liquidation of the other assets in Systems South Inc, an indirect subsidiary of Genetec.

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 2 May 2013.



FLONIC - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameFLONIC HI-TEC BHD (ACE Market) 
Stock Name FLONIC  
Date Announced2 May 2013  
CategoryChange in Audit Committee
Reference NoCS-130502-34FC1

Date of change01/05/2013
NameLim Joo Ming
Age53
NationalityMalaysian
Type of changeResignation
DesignationMember of Audit Committee
DirectorateIndependent & Non Executive
QualificationsDiploma in Management (MIM), 1996 
Working experience and occupation Mr Lim has, since year 1980 until 2009, been with the group of companies of Toyo Ink Mfg. Co., Ltd. Japan, an international printing inks and chemicals company; last position held being the Commercial and Procurement Director in Toyo Ink Australia Pty. Ltd. located in Melbourne. He is now an Executive Director of a local company specialising in the provision of fire protection services and installation. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
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) Mr. Lee Kok Wah (Chairman) (Independent Non-Executive Director)
2) Mr. Ng Yaw Long (Member) (Independent Non-Executive Director)

Remarks :
The composition of the Audit Committee does not comply with Rule 15.09(1)(a) of the ACE LR. Pursuant to Rule 15.19 of the ACE LR, the Company will fill the vacancy within three (3) months, i.e. on or before 1 August 2013.


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