June 5, 2013

Company announcements: DVM, OPENSYS, GRANFLO, CWORKS, GPACKET, DAYA, RA

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

Announcement Type: General Announcement
Company NameDVM TECHNOLOGY BERHAD (ACE Market) 
Stock Name DVM  
Date Announced5 Jun 2013  
CategoryGeneral Announcement
Reference NoOS-130605-61712

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionDESTINI BERHAD (“DESTINI” OR “COMPANY”)

ACQUISITION OF AN INDUSTRIAL PROPERTY HELD UNDER GRN 215163, LOT NO. 61768, BANDAR GLENMARIE, DISTRICT OF PETALING, STATE OF SELANGOR (“PROPERTY”) BY DESTINI FROM CSL MANUFACTURING (M) SDN BHD FOR A CASH CONSIDERATION OF RM14,800,000 (“ACQUISITION”)

(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 3 January 2013)

Reference is made to the Company’s announcements dated 3 January 2013, 1 March 2013, 23 April 2013 and 15 May 2013 in relation to the Acquisition.

In accordance with the terms of the SPA and as disclosed in the circular to shareholders of the Company dated 23 April 2013 for the Acquisition:-

(a) the Company shall be required to pay the Balance Purchase Price by 1 April 2013, failing which the Vendor shall grant an automatic extension of the deadline to 1 June 2013, subject to the Company paying the Vendor late payment interest calculated at 8% per annum (“Payment Deadline”).

(b) the Vendor has delivered vacant possession of the Property to Destini on 7 January 2013.

In relation to the above matters, M&A Securities, on behalf of the Board wishes to announce that the Company has entered into a supplemental agreement with the Vendor on 4 June 2013 (“Supplemental SPA”) to extend the Payment Deadline from 1 June 2013 until 1 August 2013 subject to the following payments being made by the Company to the Vendor upon the execution of the Supplemental SPA:-

(i) RM1,000,000, being part payment of the Balance Purchase Price, reducing the Balance Purchase Price to RM10,800,000 (“New Balance Purchase Price”);

(ii) RM157,334, being late payment interest on the Balance Purchase Price calculated at 8% per annum for the period from 1 April 2013 to 1 June 2013 in accordance with the terms of the SPA;

(iii) RM140,000, being rental in advance of the Property for the month of June 2013 and July 2013 (“Advance Rental”); and

(iv) RM180,000, being interest in advance on the New Balance Purchase Price for a period of two (2) months commencing from 1 June 2013 until 1 August 2013 (“Advance Interest”).

In the event that the Company pays the New Balance Purchase Price earlier than 1 August 2013, the Advance Rental and Advance Interest shall be pro-rated accordingly and the balance be refunded to the Company within 7 days.

Save for the above, the other terms and conditions of the SPA remain unchanged.

The Supplemental SPA will be made available for inspection at the registered office of Destini at Suite 10.03, Level 10, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia. 3090 during normal office hours on Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 5 June 2013.



DVM - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameDVM TECHNOLOGY BERHAD (ACE Market) 
Stock Name DVM  
Date Announced5 Jun 2013  
CategoryGeneral Meetings
Reference NoDT-130531-63717

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionDVM TECHNOLOGY BERHAD
Notice of 10th Annual General Meeting
Date of Meeting28/06/2013
Time10:30 AM
VenueDewan Tan Sri Hamzah, Royal Selangor Club, Kiara Sport Annexe, Jalan Bukit Kiara, Off Jalan Damansara, 60000 Kuala Lumpur
Date of General Meeting Record of Depositors21/06/2013

Attachments

DVM AR2012 Press Ad_FA_OL.pdf
966 KB



OPENSYS - Changes in Director's Interest (S135) - James Henry Stewart

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameOPENSYS (M) BERHAD (ACE Market) 
Stock Name OPENSYS  
Date Announced5 Jun 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130605-7CAE0

Information Compiled By KLSE

Particulars of Director

NameJames Henry Stewart
AddressA-03-02, Kiaramas Ayuria
9, Jalan Kiara 7, Bukit Kiara
50480 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
05/06/2013
3,454,500
0.130 

Circumstances by reason of which change has occurredDisposal via open market
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice05/06/2013

Remarks :
1) The disposal of 3,454,500 ordinary shares of RM0.10 each represents 1.55% of the total issued capital of the Company.

2) This announcement is served pursuant to Rule 14.09 of Chapter 14 of the ACE Market Listing Requirements pertaining to dealings outside closed period.


GRANFLO - GRANFLO - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NameGRAND-FLO SOLUTION BERHAD  
Stock Name GRANFLO  
Date Announced5 Jun 2013  
CategoryListing Circular
Reference NoRN-130605-32334

LISTING'S CIRCULAR NO. L/Q : 68021 OF 2013


    FINAL TAX EXEMPT DIVIDEND OF 1.0 SEN PER ORDINARY SHARE.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 10 July 2013 ]

    2) The last date of lodgement : [ 12 July 2013 ]

    3) Date Payable : [ 31 July 2013 ]


CWORKS - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameCWORKS SYSTEMS BERHAD (ACE Market) 
Stock Name CWORKS  
Date Announced5 Jun 2013  
CategoryGeneral Meetings
Reference NoCC-130603-33175

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionCWorks Systems Berhad - Notice of the Eleventh Annual General Meeting
Date of Meeting28/06/2013
Time09:00 AM
VenueLangkawi Room, Bukit Jalil Golf & Country Resort, Jalan 3/155B, Bukit Jalil, 57000 Kuala Lumpur
Date of General Meeting Record of Depositors21/06/2013

Attachments

Cwork-11th AGM Notice.pdf
210 KB



GPACKET - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):COMBINATION OF TRANSACTIONS

Announcement Type: General Announcement
Company NameGREEN PACKET BERHAD  
Stock Name GPACKET  
Date Announced5 Jun 2013  
CategoryGeneral Announcement
Reference NoMB-130605-61303

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
Description
GREEN PACKET BERHAD (“GPB” OR “COMPANY”)

(i) PROPOSED DISPOSAL BY WORLDLINE ENTERPRISE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GPB OF A LEASEHOLD LAND TOGETHER WITH A TWELVE AND A HALF (12 1/2) STOREY OFFICE BUILDING (“PROPERTY”) FOR A TOTAL CASH CONSIDERATION OF RM49,000,000; AND

(ii) PROPOSED TENANCY OF THE SAID PROPERTY BY PACKET ONE NETWORKS (MALAYSIA) SDN BHD, A 55%-OWNED SUBSIDIARY OF GPB

Reference is made to the Company’s announcement dated 31 May 2013 in relation to the Proposals (“Earlier Announcement”). Unless otherwise defined, all abbreviations used are the same as those previously defined in the Earlier Announcement.

On behalf of the Board of Directors of GPB, AmInvestment Bank Berhad wishes to announce the following additional information for public release:

(i) Date and method of valuation of the Property

      The indicative value of the Property as at 20 May 2013 is RM46 million based on the indicative valuation by Messrs Rahim & Co, the independent valuer. The methods of valuation used are the Investment method and the Comparison method.

(ii) Utilisation of proceeds
        The Disposal Consideration is proposed to be utilised as follows:-
    Details of UtilisationEstimated timeframe for utilisation
    Amount
    RM’000
    (i)Working capital(a)Within 12 months from the date of completion of the Proposed Disposal
    27,620
    (ii)Repayment of bank borrowings(b)Within 12 months from the date of completion of the Proposed Disposal
    20,000
    (iii)Development expenditure(c)Within 12 months from the date of completion of the Proposed Disposal
    1,000
    (iv)Estimated expenses(d)Within 6 months from the date of completion of the Proposed Disposal
    380
    49,000
        Notes:-
        (a) Working capital, includes but not limited to, for purposes to support and expand its business (costs may include, but not limited to, for financing of marketing costs and/or production costs).
          (b) Should there be any excess or shortfall in the amount allocated for the repayment of bank borrowings, it will be adjusted to working capital.

          (c) Development expenditure includes but not limited to, for purposes to develop and upgrade new products or solutions.

          (d) Includes professional fees, fees to the authorities, printing cost, and other incidental expenses in connection with the Proposed Disposal. Any excess or shortfall of the estimated expenses will be adjusted to working capital.

      (iii) Net assets (“NA”), NA per share as at 31 December 2012
          Based on the audited financial statements for the financial year ended (“FYE”) 31 December 2012, the NA of the GPB Group is RM139.8 million and the NA per share is RM0.20.

      This announcement is dated 5 June 2013.


      DAYA - MEMORANDUM OF UNDERSTANDING

      Announcement Type: General Announcement
      Company NameDAYA MATERIALS BERHAD  
      Stock Name DAYA  
      Date Announced5 Jun 2013  
      CategoryGeneral Announcement
      Reference NoCC-130604-50825

      TypeAnnouncement
      SubjectMEMORANDUM OF UNDERSTANDING
      DescriptionDAYA MATERIALS BERHAD (“DMB”)
      MEMORANDUM OF UNDERSTANDING (“MOU") BETWEEN DMB AND MALCO ENGINEERING (PRIVATE) LIMITED

      Further to our announcements dated 6 June 2012, 5 September 2012, 4 December 2012, 1 March 2013 and 31 May 2013 in relation to the Memorandum of Understanding entered into between DMB and Malco Engineering (Private) Limited (“Malco”), the Board of Directors of DMB wishes to announce that DMB had given a notice of termination of this MOU to Malco due to difficulties of targeted business development in Sri Lanka. The MOU has now been terminated after receiving no response from Malco on the notice of termination.

      The Board of Directors of DMB wish to announce that this MOU is deemed terminated as of 5 June 2013.

      This announcement is dated 5 June 2013.



      DAYA - MEMORANDUM OF UNDERSTANDING

      Announcement Type: General Announcement
      Company NameDAYA MATERIALS BERHAD  
      Stock Name DAYA  
      Date Announced5 Jun 2013  
      CategoryGeneral Announcement
      Reference NoCC-130604-51219

      TypeAnnouncement
      SubjectMEMORANDUM OF UNDERSTANDING
      DescriptionDAYA MATERIALS BERHAD (“DMB”)
      MEMORANDUM OF UNDERSTANDING (“MOU") BETWEEN A SUBSIDIARY OF DMB, DAYA PETROLEUM VENTURES SDN. BHD. (“DPV”) AND MALCO ENGINEERING (PVT) LIMITED (“MALCO”) AND UNITED GLOBAL SERVICES (PVT) LIMITED (“UGS”)

      Further to our announcements dated 10 December 2012 and 6 March 2013 in relation to the Memorandum of Understanding entered into between DPV, Malco and UGS, the Board of Directors of DMB wishes to announce that DMB had, via its letter dated 15 May 2013, given a notice of termination of this MOU to Malco and UGS respectively due to difficulties of targeted business development in Sri Lanka. The MOU has now been terminated after receiving no response from Malco or UGS on the notice of termination.

      The Board of Directors of DMB wish to announce that this MOU is deemed terminated as of 5 June 2013.

      This announcement is dated 5 June 2013.



      RA - Changes in Director's Interest (S135) - FRANCIS TAN HOCK LEONG

      Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Company NameR&A TELECOMMUNICATION GROUP BERHAD (ACE Market) 
      Stock Name RA  
      Date Announced5 Jun 2013  
      CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
      Reference NoCZ-130527-54640

      Information Compiled By KLSE

      Admission SponsorRHB Investment Bank Bhd
      SponsorSame as above

      Particulars of Director

      NameFRANCIS TAN HOCK LEONG
      AddressUNIT 55, JALAN 32/70A
      KIARA HILL, DESA SRI HARTAMAS
      50480 KUALA LUMPUR
      Descriptions(Class & nominal value)ORDINARY SHARES @ RM0.10 EACH

      Details of changes

      Currency: Malaysian Ringgit (MYR)

      Type of transaction
      Date of change
      No of securities
      Price Transacted (RM)
      Disposed
      03/06/2013
      1,000,000
      0.055 

      Circumstances by reason of which change has occurredDISPOSAL
      Nature of interestINDIRECT
      Consideration (if any) 

      Total no of securities after change

      Direct (units)337,822,053 
      Direct (%)38.434 
      Indirect/deemed interest (units)59,203,338 
      Indirect/deemed interest (%)6.736 
      Date of notice05/06/2013

      Remarks :
      DEEMED INTEREST THROUGH HIS SPOUSE, CHEOK CHUN LIAN


      RA - Changes in Sub. S-hldr's Int. (29B) - FRANCIS TAN HOCK LEONG

      Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Company NameR&A TELECOMMUNICATION GROUP BERHAD (ACE Market) 
      Stock Name RA  
      Date Announced5 Jun 2013  
      CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
      Reference NoCZ-130527-55522

      Admission SponsorRHB Investment Bank Bhd
      SponsorSame as above

      Particulars of substantial Securities Holder

      NameFRANCIS TAN HOCK LEONG
      AddressUNIT 55, JALAN 32/70A
      KIARA HILL, DESA SRI HARTAMAS
      50480 KUALA LUMPUR
      NRIC/Passport No/Company No.660425-10-7289
      Nationality/Country of incorporationMALAYSIAN
      Descriptions (Class & nominal value)ORDINARY SHARES @ RM0.10 EACH
      Name & address of registered holderFRANCIS TAN HOCK LEONG
      UNIT 55, JALAN 32/70A
      KIARA HILL, DESA SRI HARTAMAS
      50480 KUALA LUMPUR

      CHEOK CHUN LIAN
      UNIT 55, JALAN 32/70A
      KIARA HILL, DESA SRI HARTAMAS
      50480 KUALA LUMPUR

      Details of changes

      Currency: Malaysian Ringgit (MYR)

      Type of transactionDate of change
      No of securities
      Price Transacted (RM)
      Disposed03/06/2013
      1,000,000
      0.055 

      Circumstances by reason of which change has occurredDISPOSAL
      Nature of interestINDIRECT
      Direct (units)337,822,053 
      Direct (%)38.434 
      Indirect/deemed interest (units)59,203,338 
      Indirect/deemed interest (%)6.736 
      Total no of securities after change397,025,391
      Date of notice05/06/2013

      Remarks :
      DEEMED INTEREST THROUGH HIS SPOUSE, CHEOK CHUN LIAN


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