July 1, 2013

Company announcements: AXIATA, ITRONIC, INTEGRA, SAAG

AXIATA - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced1 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAG-130701-D7180

Particulars of substantial Securities Holder

NameAmanahRaya Trustees Berhad
-Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderAmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera, Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired25/06/2013
3,750,000
 

Circumstances by reason of which change has occurredAcquisition of 3,750,000 shares by AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera
Nature of interestDirect
Direct (units)561,024,400 
Direct (%)6.58 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change561,024,400
Date of notice25/06/2013

Remarks :
Form 29B received on 1 July 2013


AXIATA - Changes in Sub. S-hldr's Int. (29B) - AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced1 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAG-130701-DB19B

Particulars of substantial Securities Holder

NameAmanahRaya Trustees Berhad
-Skim Amanah Saham Bumiputera
AddressTingkat 4, Balai PNB
201-A, Jalan Tun Razak
50400 Kuala Lumpur
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderAmanahRaya Trustees Berhad -Skim Amanah Saham Bumiputera, Tingkat 4, Balai PNB, 201-A, Jalan Tun Razak, 50400 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/06/2013
3,750,000
 

Circumstances by reason of which change has occurredAcquisition of 3,750,000 shares by AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera
Nature of interestDirect
Direct (units)564,774,400 
Direct (%)6.62 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change564,774,400
Date of notice26/06/2013

Remarks :
Form 29B received on 1 July 2013


AXIATA - 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 NameAXIATA GROUP BERHAD  
Stock Name AXIATA  
Date Announced1 Jul 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAG-130701-E0FE4

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 holder1) Employees Provident Fund Board ("EPF Board")
Ibu Pejabat KWSP, Bangunan KWSP
Jalan Raja Laut, 50350 Kuala Lumpur

2) Citigroup Nominees (Tempatan) Sdn Bhd ("Citigroup") EPF Board
3) Citigroup EPF Board (AMUNDI)
4) Citigroup EPF Board (KIB)
5) Citigroup EPF Board (HDBS)
6) Citigroup EPF Board (RHB INV)
7) Citigroup EPF Board (AM INV)
8) Citigroup EPF Board (MAYBAN)
9) Citigroup EPF Board (ALLIANCE)
10) Citigroup EPF Board (NOMURA)
11) Citigroup EPF Board (CIMB PRI)
12) Citigroup EPF Board (ARIM)
13) Citigroup EPF Board (TEMPLETON)
14) Citigroup EPF Board (ABERDEEN)
Level 42, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired26/06/2013
1,000,000
 

Circumstances by reason of which change has occurredCitigroup EPF Board - Disposal of 1,000,000 shares
Nature of interestDirect
Direct (units)1,027,262,906 
Direct (%)12.04 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change1,027,262,906
Date of notice27/06/2013

Remarks :
1) The total number of 1,027,262,906 ordinary shares comprised of the following:-

a) Citigroup EPF Board - 926,005,106
b) EPF Board - 3,332,900
c) Citigroup EPF Board (AMUNDI) - 4,120,250
d) Citigroup EPF Board (KIB) - 660,000
e) Citigroup EPF Board (HDBS) - 9,254,775
f) Citigroup EPF Board (RHB INV) - 2,116,400
g) Citigroup EPF Board (AM INV) - 12,272,650
h) Citigroup EPF Board (MAYBAN) - 2,635,000
i) Citigroup EPF Board (ALLIANCE) - 2,050,000
j) Citigroup EPF Board (NOMURA) - 37,396,300
k) Citigroup EPF Board (CIMB PRI) - 15,312,325
l) Citigroup EPF Board (ARIM) - 2,700,000
m) Citigroup EPF Board (TEMPLETON) - 4,007,200
n) Citigroup EPF Board (ABERDEEN) - 5,400,000

2) Form 29B received on 1 July 2013


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

Announcement Type: General Announcement
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced1 Jul 2013  
CategoryGeneral Announcement
Reference NoCS-130701-B897A

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionINDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
- DISPOSAL OF THE 55% EQUITY INTEREST IN DASAR SPEKTRUM (M) SDN. BHD, A SUBSIDIARY OF INDUSTRONICS
1. INTRODUCTION
      The Board of Directors of Industronics is pleased to announce that the Company has on 01 July 2013 entered into a Sale and Purchase of Shares Agreement (the “Agreement”) to dispose of the fifty five (55) percent equity interest in Dasar Spektrum (M) Sdn. Bhd. (Company No. 226090-T) (DSSB”), a subsidiary of the Company, comprising one hundred and ten thousand (110,000) ordinary shares of Ringgit Malaysia one (RM1.00) each (Sale Shares”), to Goh Pick Ting (NRIC 670131-06-5131) (the “Purchaser”) for a cash consideration of Ringgit Malaysia One (RM1.00) only (the “Disposal”).

      Upon completion of the Disposal, DSSB will cease to be a subsidiary of the Company.

2. DETAILS OF DSSB
      DSSB was incorporated in Malaysia under the Companies Act, 1965 (“Act”) on 01 October 1991. The authorised share capital of DSSB is Ringgit Malaysia Two Hundred Thousand (RM200,000) comprising two hundred thousand (200,000) ordinary shares of RM1.00 each, all of which had been issued and fully paid up.
        DSSB had been dormant since year 2008. DSSB was previously involved in media advertising with a focus on electronic media.

    3. RATIONALE FOR THE DISPOSAL
        DSSB had incurred losses over the past few years and remains dormant during the financial year ended (“FYE”) 31 December 2012. Accumulated losses of DSSB as at 31 December 2012 was RM869,658. The Disposal will enable Industronics to divest its non-performing subsidiaries and streamline its’ structure for better efficiency.

    4. SALIENT TERMS OF THE AGREEMENT
        The salient terms of Agreement are as follows:

        (i) The purchase price for the Sale Shares of Ringgit Malaysia One (RM1.00) only shall be paid by the Purchaser to Industronics.
        (ii) In consideration of the Purchaser entering into the Agreement and at the request of the Company and the completion of the Agreement with consideration of the sum of Ringgit Malaysia One (RM1.00) now paid by the Purchaser to the Company, the Company agreed to grant, assign, transfer and set over unto the Purchaser its entire right, title and interest in and to the debt of RM274,610.09/- being the advance by the Company to DSSB as at 30 June 2013.
    5. ORIGINAL COST OF INVESTMENT
        Industronics invested in fifty five percent (55%) equity interest in DSSB at a total cost of Ringgit Malaysia one hundred and ten thousand (RM110,000), details as below:

        Date
        No. of shares allotted/ (disposed)
        Par Value (RM)
        Cumulative Cost of Investment (RM)
        07 October 1991
        2
        1.00
        2
        05 December 1991
        49,998
        1.00
        50,000
        22 November 1993
        (22,500)
        1.00
        27,500
        01 July 1997
        82,500
        1.00
        110,000
        Total
        110,000
    6. BASIS OF ARRIVING AT THE SALE CONSIDERATION AND UTILISATION OF SALE CONSIDERATION
        The cash consideration of Ringgit Malaysia One (RM1.00) is arrived at on a “willing buyer willing seller” basis, after taking into consideration the unaudited net liabilities of DSSB of RM680,590.18 as at 30 June 2013 and the assignment to the Purchaser of the debts owing by DSSB to Industronics amounting to RM274,610.09 as at 30 June 2013. Industronics had made full provision for the debts owing by DSSB.

        For the FYE 31 December 2012, the audited net liabilities of DSSB were RM669,658.
    7. ASSUMPTION OF LIABILITIES
      There are no liabilities, including contingent liabilities and guarantees, to be assumed by the Purchaser pursuant to the Disposal.

        There is no corporate guarantee extended by Industronics to any creditor of DSSB.

    8. EFFECT OF THE DISPOSAL
        8.1 Share Capital and Shareholding Structure of the Substantial Shareholders
          The Disposal will not have any effect on the issued and paid-up share capital and shareholding structure of the substantial shareholders in Industronics as it does not involve any allotment or issuance of new ordinary shares of Industronics.
        8.2 Net assets
          The Disposal will not have any material effect on the consolidated net assets of Industronics.
        8.3 Gearing
          The Disposal will not have any material effect on the gearing ratio of the Industronics Group.
        8.4 Earnings
          The Disposal will not have any material effect on the earnings of the Industronics Group for the financial year ending 31 December 2013.

    9. APPROVAL OF SHAREHOLDERS
        The Disposal does not require the approval of the Company’s shareholders or any other regulatory body. The highest percentage ratio applicable to the Disposal pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements is negligible.

    10. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM
        None of the Directors and/or major shareholders of Industronics as well as persons connected with them have any interest, direct and/or indirect in the Disposal.

    11. STATEMENT BY THE BOARD OF DIRECTORS
        The Board of Directors, having considered the rational and other aspects of the Disposal, is of the view that the Disposal is in the best interest of the Industronics Group.

    12. ESTIMATED TIMEFRAME FOR COMPLETION
        The Disposal is completed today, being the date of the Agreement and the cash consideration of Ringgit Malaysian One (RM1.00) has been received today.

    13. DOCUMENTS FOR INSPECTION
        A copy of the Agreement is available for inspection at Industronics’ registered office at No. 9, Jalan Taming Jaya 3, Taman Tanming Jaya, 43300 Seri Kembangan, Selangor Darul Ehsan during the normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

    This announcement is dated 01 July 2013.


    ITRONIC - Notice of Interest Sub. S-hldr (29A) - Deluxe Garden Limited

    Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
    Company NameINDUSTRONICS BERHAD  
    Stock Name ITRONIC  
    Date Announced1 Jul 2013  
    CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
    Reference NoCS-130701-BB5FE

    Particulars of Substantial Securities Holder

    NameDeluxe Garden Limited
    AddressUnit 301 3/F, Hung to Centre, 94-96 How Ming Street Kwun Tong, Kowloon, Hong Kong
    NRIC/Passport No/Company No.1673466
    Nationality/Country of incorporationBritish Virgin Islands
    Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
    Name & address of registered holderDeluxe Garden Limited
    Unit 301 3/F, Hung to Centre, 94-96 How Ming Street Kwun Tong, Kowloon, Hong Kong

    Date interest acquired & no of securities acquired

    CurrencyMalaysian Ringgit (MYR)
    Date interest acquired24/06/2013
    No of securities1,398,800
    Circumstances by reason of which Securities Holder has interestAcquisition in open market
    Nature of interestDirect
    Price Transacted ($$)

    Total no of securities after change

    Direct (units)5,669,300 
    Direct (%)6.02 
    Indirect/deemed interest (units)
    Indirect/deemed interest (%)
    Date of notice01/07/2013


    ITRONIC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

    Announcement Type: General Announcement
    Company NameINDUSTRONICS BERHAD  
    Stock Name ITRONIC  
    Date Announced1 Jul 2013  
    CategoryGeneral Announcement
    Reference NoCS-130701-B8979

    TypeAnnouncement
    SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
    DEALINGS OUTSIDE CLOSED PERIOD
    DescriptionINDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
    - DEALINGS IN SECURITIES OF INDUSTRONICS OUTSIDE CLOSED PERIOD PURSUANT TO PARAGRAPH 14.09 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
    Pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to inform that Mr. Yip Wai Man Raymond, a Director of the Company, had disposed a total of 1,891,400 ordinary shares of RM0.50 each in Industronics details as set out in the table below:-
    Date of TransactionNumber of Ordinary Shares DisposedPrice Transacted (RM)Percentage (%)
    26 June 2013
    1,891,400
    0.48
    2.01


    This announcement is dated 1 July 2013.


    ITRONIC - Changes in Sub. S-hldr's Int. (29B) - Deluxe Garden Limited

    Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Company NameINDUSTRONICS BERHAD  
    Stock Name ITRONIC  
    Date Announced1 Jul 2013  
    CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
    Reference NoCS-130701-BB5FF

    Particulars of substantial Securities Holder

    NameDeluxe Garden Limited
    AddressUnit 301 3/F, Hung to Centre, 94-96 How Ming Street Kwun Tong, Kowloon, Hong Kong
    NRIC/Passport No/Company No.1673466
    Nationality/Country of incorporationBritish Virgin Islands
    Descriptions (Class & nominal value)Ordinary Shares of RM0.50 each
    Name & address of registered holderDeluxe Garden Limited
    Unit 301 3/F, Hung to Centre, 94-96 How Ming Street Kwun Tong, Kowloon, Hong Kong

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transactionDate of change
    No of securities
    Price Transacted (RM)
    Acquired25/06/2013
    1,058,500
     
    Acquired26/06/2013
    1,283,800
     

    Circumstances by reason of which change has occurredAcquisition in open market
    Nature of interestDirect
    Direct (units)8,011,600 
    Direct (%)8.51 
    Indirect/deemed interest (units)
    Indirect/deemed interest (%)
    Total no of securities after change8,011,600
    Date of notice01/07/2013


    INTEGRA - Changes in Director's Interest (S135) - Shireen Ann Zaharah Binti Muhiudeen

    Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Company NameINTEGRAX BERHAD  
    Stock Name INTEGRA  
    Date Announced1 Jul 2013  
    CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
    Reference NoCK-130701-B4868

    Information Compiled By KLSE

    Particulars of Director

    NameShireen Ann Zaharah Binti Muhiudeen
    Addressc/o Corston-Smith Asset Management Sdn Bhd
    Suite 12.01, Level 12 Wisma Goldhill,
    67 Jalan Raja Chulan,
    50200 Kuala Lumpur, Malaysia.
    Descriptions(Class & nominal value)Ordinary Shares of RM1.00 each

    Details of changes

    Currency: Malaysian Ringgit (MYR)

    Type of transaction
    Date of change
    No of securities
    Price Transacted (RM)
    Acquired
    28/06/2013
    200,000
    1.543 

    Circumstances by reason of which change has occurredAcquisition of Shares
    Nature of interestIndirect Interest
    Consideration (if any)RM308,660.00 

    Total no of securities after change

    Direct (units) 
    Direct (%) 
    Indirect/deemed interest (units)304,600 
    Indirect/deemed interest (%)0.101 
    Date of notice01/07/2013

    Remarks :
    Deemed interested by virtue of her being the Managing Director of Corston-Smith Asset Management Sdn Bhd, the fund manager for the ordinary shares of the Company held on behalf of client's mandate - ASIF, British Columbia Investment Management Corporation (bcIMC) and Corston-Smith ASEAN Corporate Governance Fund.


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

    Announcement Type: General Announcement
    Company NameSAAG CONSOLIDATED (M) BHD  
    Stock Name SAAG  
    Date Announced1 Jul 2013  
    CategoryGeneral Announcement
    Reference NoSC-130701-62090

    TypeAnnouncement
    SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
    MONTHLY ANNOUNCEMENT
    DescriptionSAAG CONSOLIDATED (M) BHD ("SAAG" or "the Company")
    Monthly Announcement on the Status of the Company's Plan to Regularise its condition pursuant to Practice Note 17("PN 17") of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities")
    We refer to the announcements made by SAAG on 17 October 2012, 6 November 2012, 3 December 2012, 2 January 2013,16 January 2013, 4 February 2013, 1 March 2013, 1 April 2013, 8 May 2013, 23 May 2013 and 3 June 2013 in relation to above captioned matter and the announcement dated 27 June 2013 in relation to the winding up order made against SAAG by the High Court, Kuala Lumpur on the 21 June 2013.
    Consequently the Company is unable to pursue to achieve a regularisation plan. The affairs of the Company henceforth shall be handled by the Official Receiver who has been appointed as Provisional Liquidator by the Court pursuant to the winding-up order.

    This announcement is dated 1 July 2013.


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

    Announcement Type: General Announcement
    Company NameSAAG CONSOLIDATED (M) BHD  
    Stock Name SAAG  
    Date Announced1 Jul 2013  
    CategoryGeneral Announcement
    Reference NoSC-130701-61444

    TypeAnnouncement
    SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
    MONTHLY ANNOUNCEMENT
    DescriptionSAAG CONSOLIDATED (M) BHD ("SAAG" or "the Company")
    -Monthly Update on the Status of its Default in Payment pursuant to Practice Note 1("PN 1") of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities")
    In compliance with paragraph 3.2 of PN1 and further to the announcements made on 12 October 2012, 17 October 2012, 29 October 2012, 6 November 2012, 8 November 2012, 26 November 2012, 3 December 2012 , 28 December 2012, 2 January 2013, 16 January 2013, 4 February 2013, 28 February 2013 (part on material litigation under 4th quarter results), 1 March 2013, 26 March 2013, 1 April 2013, 9 April 2013, 15 April 2013, 26 April 2013 and 29 April 2013, 2 May 2013 and 3 June 2013, the Board of Directors of SAAG wishes to inform that there has been a material development with regard to the affairs of the Company whereby the Company has been wound up by an order of court on 21 June 2013 pursuant to a petition by Ambank Bhd a creditor of the Company and the affairs of the Company are now being managed by the Official Receiver who has been appointed as Provisional Liquidator by the Court. In view of the above, regularisation under Practice Note 1 is deemed not possible anymore.
    This announcement is dated 1 July 2013.


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