IRIS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS
| Company Name | IRIS CORPORATION BERHAD (ACE Market) |
| Stock Name | IRIS |
| Date Announced | 4 Jul 2013 |
| Category | General Announcement |
| Reference No | IC-130704-60727 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MUTUAL RESCISSION OF AGREEMENT ("MRA") ENTERED INTO BY AND BETWEEN IRIS ECO POWER SDN BHD (“IEP”), A WHOLLY OWNED SUBSIDIARY OF IRIS CORPORATION BERHAD (“COMPANY") AND MR DURAIRAJA RAJA ON 3RD JULY 2013 TO RESCIND THE SALE AND PURCHASE OF SHARES AGREEMENT DATED 20TH JULY 2012. |
MUTUAL RESCISSION OF AGREEMENT ("MRA") ENTERED INTO BY AND BETWEEN IRIS ECO POWER SDN BHD (“IEP”), A WHOLLY OWNED SUBSIDIARY OF IRIS CORPORATION BERHAD (“COMPANY") AND MR DURAIRAJA RAJA ON 3RD JULY 2013 TO RESCIND THE SALE AND PURCHASE OF SHARES AGREEMENT DATED 20TH JULY 2012 1. INTRODUCTION Definitions used in this announcement shall have the same meanings as per the previous announcements on the subject matter dated 10 July 2012 and 25 July 2012 (“Prior Announcements”). A Sale and Purchase of Shares Agreement (“SPA”) was entered into by IRIS Eco Power Sdn Bhd, a wholly owned subsidiary of the Company and Mr Durairaj Raja (Passport No:Z2060100) an Indian national for the acquisition of 2,550,000 ordinary shares of Arab Emirates Dirham (AED) 1 each (“Sale Shares”) representing 51% equity interest in Oil Field Services Ltd for an indicative purchase consideration of USD3,500,000 [equivalent to RM10,955,000 @RM3.130 as at 10/7/2012] (“Purchase Consideration”). IEP pursuant to the SPA paid Mr Durairaj Raja the sum of USD500,000 [equivalent to RM1,565,000 at the same rate as above] as Earnest Money that shall be deducted from the Purchase Consideration and the balance Purchase Consideration to be paid within seven (7) days from the date the SPA becoming unconditional pursuant to the provisions of the SPA. On behalf of the Board of Directors of IRIS Corporation Berhad (“ICB”), the Company wishes to announce that both IEP and Mr. Durairaj Raja have mutually agreed to rescind the above said SPA due to non-completion and have herein entered into a Mutual Rescission Agreement (“MRA”) dated 29th June 2013. IEP received the executed MRA from Mr Durairaj Raja on 3rd July 2013 and set forth its authorized signature on the same date. 2. SALIENT TERMS The salient terms of the Mutual Rescission Agreement (“MRA”) are set out, inter-alia, as follows:- (a) Upon the execution of the MRA, Mr Durairaj Raja will make payment to the amount of United States Dollars Five Hundred Thousand (USD500,000) only to IEP within thirty (30) days from the Effective Date (3rd July 2013). Effective Date has been defined as the date wherein both parties execute this MRA. (b) Mr Durairaja Raja shall request Oil Field Services to assign a portion of the proceeds to cover the quantum of the advance (sum to be mutually agreed) from the proceeds of Oil Field Services Ltd’s Barge Power Plant Project in Iraq. The assignment of the proceeds shall be recognized as repayment of advances made by IEP to Oil Field Services Ltd. (c) Parties have herein agreed that the repayment period for the proceeds due to IRIS shall not exceed 18 months from the Effective Date. (d) This MRA shall be subject to the refund of the Earnest Monies under the SPA to the amount of USD500,000 and the repayment of advances made by IEP to Oil Field Services Ltd within 18 months of this Effective Date. 3. FINANCIAL EFFECTS OF THE RESCISSION OF THE SSA The rescission of the SPA is not expected to have any material effects on the issued and paid-up share capital, NTA and shareholding structure of ICB. Barring unforeseen circumstances, the rescission of the SPA is not expected to have any material effect on the earnings of ICB for the financial year ending 31st March 2013. 4. APPROVAL REQUIRED The Board of Directors of ICB confirms that none of the Directors and/or major shareholders of ICB, or persons connected to them, have any interest, direct or indirect, in the rescission of the SPA and the Board has approved the rescission of the SPA via the execution of the MRA which is in the best interest of the Company. 5. STATEMENT OF BOARD OF DIRECTORS The Board of Directors of ICB, after taking into consideration the rationale for the rescission of the SPA, is of the opinion that the MRA is a good way to unwind the transaction and is in the best interest of ICB. 6. COMPLIANCE WITH SECURITIES COMMISSION’S POLICIES AND GUIDELINES ON ISSUE/OFFER OF SECURITIES. The Board ensures that the execution of the MRA has not departed from the Securities Commission’s Policies and Guidelines on Issue/Offer of Securities. 7. DOCUMENT FOR INSPECTION The MRA shall be available for inspection at the registered office of ICB during office hours from Monday to Friday (excluding public holidays) at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, for a period of three (3) months from the date of this announcement. This announcement is made on 4th July, 2013.
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REDTONE - OTHERS REDtone International Berhad("RIB" or "the Company") - Incorporation of REDtone MEX Sdn Bhd
| Company Name | REDTONE INTERNATIONAL BERHAD (ACE Market) |
| Stock Name | REDTONE |
| Date Announced | 4 Jul 2013 |
| Category | General Announcement |
| Reference No | CK-130704-41146 |
| Type | Announcement |
| Subject | OTHERS |
| Description | REDtone International Berhad("RIB" or "the Company") - Incorporation of REDtone MEX Sdn Bhd |
Pursuant to Rule 9.19(23) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of RIB wishes to announce that the Company had on 3 July 2013 incorporated a 70%-owned subsidiary in Malaysia, namely REDtone MEX Sdn Bhd ("RMSB") (Company No. 1052697-U). The authorised share capital of RMSB is RM400,000 divided into 400,000 ordinary shares of RM1.00 each with its issued and fully paid-up share capital of RM10.00 divided into 10 ordinary shares of RM1.00 each. RMSB is currently dormant and the intended principal activity is to provide tele-health services. The remaining 30% of the equity interest in RMSB is owned by People Health Sdn Bhd. The incorporation of RMSB is not expected to have any material effects on the issued and paid-up share capital, consolidated earnings and net assets per share, gearing and major shareholders' shareholdings of RIB for the financial year ending 31 May 2014. None of the Directors and/or major shareholders of RIB and/or persons connected with them has any interest, direct or indirect, in RMSB. This announcement is dated 4 July 2013. | |
DVM - Profile for Warrants
| Company Name | DVM TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | DVM-WA |
| Date Announced | 4 Jul 2013 |
| Category | Listing Information & Profile |
| Reference No | OS-130624-37419 |
| Instrument Type | Warrants |
| Description | WARRANTS 2013/2018 ISSUED PURSUANT TO A RENOUNCEABLE RIGHTS ISSUE WITH WARRANTS ("RIGHTS ISSUE WITH WARRANTS") |
| Listing Date | 08/07/2013 |
| Issue Date | 03/07/2013 |
| Issue/ Ask Price | Not Applicable |
| Issue Size Indicator | Unit |
| Issue Size in Unit | 290,400,000 |
| Maturity Date | 02/07/2018 |
| Revised Maturity Date | |
| Exercise/ Conversion Period | 5.00Year(s) |
| Revised Exercise/ Conversion Period |  |
| Exercise/Strike/Conversion Price | MYR 0.1000 |
| Revised Exercise/Strike/Conversion Price | |
| Exercise/ Conversion Ratio | 1 Warrant:1 Share |
| Revised Exercise/ Conversion Ratio | |
| Mode of satisfaction of Exercise/ Conversion price | Cash |
| Settlement Type/ Convertible into | Physical (Shares) |
| Remarks : |
| The Warrants may be exercised any time during the tenure of the Warrants of five (5) years including and commencing from the issue date of the Warrants and ending at 5.00 p.m. on the Expiry Date (being a date being five (5) years from and including the date of issue of the Warrants, provided that if such day falls on a day which is not a market day, then on the preceding market day). Each Warrant carries the entitlement to subscribe for one (1) new ordinary share of RM0.10 each in DVM at the Exercise Price which shall be satisfied fully in cash and shall be subject to adjustments in accordance with the Deed Poll. Subject to the provision in the Deed Poll, the Exercise Price and the number of Warrants held by each Warrant holder shall be adjusted by the Board of Directors of DVM in consultation with the adviser and certification of the external auditors, in the event of alteration to the share capital of the Company. The 387,200,000 new ordinary shares of RM0.10 each in DVM together with 290,400,000 Warrants issued pursuant to the Rights Issue with Warrants will be listed on 8 July 2013. |
INSTACO - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES
| Company Name | INSTACOM GROUP BERHAD (ACE Market) |
| Stock Name | INSTACO |
| Date Announced | 4 Jul 2013 |
| Category | General Announcement |
| Reference No | MI-130704-54942 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
| Description | INSTACOM GROUP BERHAD (FORMERLY KNOWN AS I-POWER BERHAD) ("INSTACOM" OR THE "COMPANY") PROPOSED BONUS ISSUE OF 351,127,130 WARRANTS IN INSTACOM ("WARRANT(S)") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH IN INSTACOM HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE OF WARRANTS") |
Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcement in relation to the Proposed Bonus Issue of Warrants. We refer to the earlier announcement dated 12 June 2013 in relation to the Proposed Bonus Issue of Warrants. | |
IDEAL - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN
| Company Name | IDEAL SUN CITY HOLDINGS BERHAD (ACE Market) |
| Stock Name | IDEAL |
| Date Announced | 4 Jul 2013 |
| Category | General Announcement |
| Reference No | OS-130704-56B07 |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 REGULARISATION PLAN |
| Description | IDEAL SUN CITY HOLDINGS BERHAD (FORMERLY KNOWN AS EQUATOR LIFE SCIENCE BERHAD) (“IDEAL” OR “COMPANY”) PROPOSED BALANCE SHEET RECONSTRUCTION; PROPOSED RIGHTS ISSUE WITH WARRANTS; PROPOSED EXEMPTION; AND PROPOSED PLACEMENT WITH WARRANTS (COLLECTIVELY, THE “PROPOSALS” |
Reference is made to the Company’s announcements dated 27 April 2012, 3 May 2012, 27 July 2012, 12 September 2012 and 25 September 2012 and 13 May 2013 in relation to the Proposals.
M&A Securities Sdn Bhd, on behalf of the Company wishes to announce that Bank Negara Malaysia (“BNM”) had vide its letter dated 25 June 2013 (received on 4 July 2013) approved the issuance of Warrants to non-resident shareholders pursuant to the Proposed Rights Issue with Warrants and Proposed Placement with Warrants. This announcement is dated 4 July 2013. | |
TEXCYCL - Notice of Shares Buy Back by a Company pursuant to Form 28A
| Company Name | TEX CYCLE TECHNOLOGY (M) BERHAD (ACE Market) |
| Stock Name | TEXCYCL |
| Date Announced | 4 Jul 2013 |
| Category | Notice of Shares Buy Back by a Company Pursuant to Form 28A |
| Reference No | CC-130704-F016F |
CIMB - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board
| Company Name | CIMB GROUP HOLDINGS BERHAD |
| Stock Name | CIMB |
| Date Announced | 4 Jul 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CG-130704-55824 |
Particulars of substantial Securities Holder
| Name | Employees Provident Fund Board |
| Address | Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur |
| NRIC/Passport No/Company No. | EPF ACT 1991 |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | Employees Provident Fund Board Citigroup Nominees (Tempatan) Sdn Bhd ("Citigroup") - Employees Provident Fund Board Citigroup - Employees Provident Fund Board (AMUNDI) Citigroup - Employees Provident Fund Board (KIB) Citigroup - Employees Provident Fund Board (HDBS) Citigroup - Employees Provident Fund Board (RHB INV) Citigroup - Employees Provident Fund Board (AM INV) Citigroup - Employees Provident Fund Board (MAYBAN) Citigroup - Employees Provident Fund Board (ALLIANCE) Citigroup - Employees Provident Fund Board (NOMURA) Citigroup - Employees Provident Fund Board (PHEIM) Citigroup - Employees Provident Fund Board (CIMB PRI) Citigroup - Employees Provident Fund Board (ARIM) Citigroup - Employees Provident Fund Board (TEMPLETON) Citigroup - Employees Provident Fund Board (ABERDEEN) - Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 01/07/2013 | 1,970,500 |
| Remarks : |
| Notice received on 4 July 2013. c.c. Securities Commission. |
CIMB - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group Inc (MUFG)
| Company Name | CIMB GROUP HOLDINGS BERHAD |
| Stock Name | CIMB |
| Date Announced | 4 Jul 2013 |
| Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
| Reference No | CG-130704-56020 |
Particulars of substantial Securities Holder
| Name | Mitsubishi UFJ Financial Group Inc (MUFG) |
| Address | 7-1, Marunouchi 2-Chome Chiyoda-ku, Tokyo 100-8330, Japan |
| NRIC/Passport No/Company No. | NIL |
| Nationality/Country of incorporation | Japan |
| Descriptions (Class & nominal value) | Ordinary Shares of RM1.00 each |
| Name & address of registered holder | 1. Aberdeen Asset Management PLC ("Aberdeen") and its subsidiaries 10 Queen's Terrace Aberdeen, AB10 1YG Scotland 2. The Bank of Tokyo-Mitsubishi UFJ, Ltd. 7-1, Marunouchi 2-Chome Chiyoda-ku, Tokyo 100-8330, Japan 3. Mitsubishi UFJ Asset Management Co., Ltd ("MUAM") 4-5, Marunouchi 1-Chome Chiyoda-ku, Tokyo 100-8212, Japan 4. KOKUSAI Asset Management Co., Ltd ("KOKUSAI") 1-1, Marunouchi 3-Chome Chiyoda-ku, Tokyo 100-0005, Japan 5. Mitsubishi UFJ Trust and Banking Corporation ("MUTB") 4-5, Marunouchi 1-Chome Chiyoda-ku, Tokyo 100-8212, Japan 6. Morgan Stanley Investment Management Inc. 1585 Broadway, New York, NY 10036 7. Morgan Stanley Investment Management Company #16-01 Capital Square 23 Church Street Singapore 049481 8. Morgan Stanley & Co. International plc 25 Cabot Square, Canary Wharf London E14 4QA United Kingdom 9. Fundlogic SAS 61 rue de Monceau Paris 75008, France 10. AMP Capital Holdings Limited ("AMP") and its subsidiaries Level 24 AMP Sydney Cove Building 33 Alfred Street Sydney NSW 2000, Australia |
Details of changes
Currency: Malaysian Ringgit (MYR)
| Type of transaction | Date of change | No of securities | Price Transacted (RM) |
| Acquired | 27/06/2013 | 209,000 |
| Remarks : |
| Notice received on 4 July 2013. c.c. Securities Commission. |
MAYBANK - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 4 Jul 2013 |
| Category | General Announcement |
| Reference No | MB-130704-36341 |
| Type | Announcement | ||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||
| Description | The following Principal Officer has given notice of his dealing in the ordinary shares of Malayan Banking Berhad. | ||||||||||
Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the following Principal Officer of Malayan Banking Berhad ("Maybank" or "the Company") had notified the Company of his dealing in Maybank shares arising from the exercise of Share Options under the Share Option Plan of the Company's Employees' Share Scheme:-
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BJTOTO - Notice of Shares Buy Back by a Company pursuant to Form 28A
| Company Name | BERJAYA SPORTS TOTO BERHAD |
| Stock Name | BJTOTO |
| Date Announced | 4 Jul 2013 |
| Category | Notice of Shares Buy Back by a Company Pursuant to Form 28A |
| Reference No | BB-130628-5AFEB |
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