August 22, 2013

Company announcements: PARAMON, IOICORP, FRB, RCECAP, ITRONIC, FARMBES, FARMBES-WB

PARAMON - Quarterly rpt on consolidated results for the financial period ended 30/6/2013

Announcement Type: Financial Results
Company NamePARAMOUNT CORPORATION BERHAD  
Stock Name PARAMON  
Date Announced22 Aug 2013  
CategoryFinancial Results
Reference NoPC-130822-50434

Financial Year End31/12/2013
Quarter2
Quarterly report for the financial period ended30/06/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2013
30/06/2012
30/06/2013
30/06/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
142,517
118,843
252,997
223,122
2Profit/(loss) before tax
15,853
19,864
36,301
38,951
3Profit/(loss) for the period
10,685
14,830
25,432
28,233
4Profit/(loss) attributable to ordinary equity holders of the parent
10,685
14,830
25,432
28,233
5Basic earnings/(loss) per share (Subunit)
3.16
4.39
7.53
8.36
6Proposed/Declared dividend per share (Subunit)
2.50
3.00
2.50
3.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
2.0900
2.0700
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


PARAMON - Interim Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company NamePARAMOUNT CORPORATION BERHAD  
Stock Name PARAMON  
Date Announced22 Aug 2013  
CategoryEntitlements (Notice of Book Closure)
Reference NoPC-130821-47317

EX-date06/09/2013
Entitlement date10/09/2013
Entitlement time05:00:00 PM
Entitlement subjectInterim Dividend
Entitlement descriptionInterim single tier dividend of 2.5 sen per share
Period of interest payment to
Financial Year End31/12/2013
Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone noTricor Investor Services Sdn Bhd
Level 17, The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Tel: 22643883
Payment date 26/09/2013
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers10/09/2013 
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit 
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable) 
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.025


IOICORP - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameIOI CORPORATION BERHAD  
Stock Name IOICORP  
Date Announced22 Aug 2013  
CategoryGeneral Announcement
Reference NoMI-130822-64477

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionIOI CORPORATION BERHAD ("IOIC" OR "COMPANY")

(I) PROPOSED INTERNAL REORGANISATION;

(II) PROPOSED DISTRIBUTION;

(III) PROPOSED RESTRICTED OFFER FOR SALE; AND

(IV) PROPOSED LISTING.

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the announcements made on behalf of the Board of Directors of IOIC (“Board”), by AmInvestment Bank and RHB Investment Bank (collectively referred to as the (“Joint Principal Advisers”) on 14 May 2013, 17 May 2013 and 24 June 2013 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the announcement dated 14 May 2013 in relation to the Proposals.
On behalf of IOIC, the Joint Principal Advisers wish to announce that the Securities Commission Malaysia (“SC”) had vide its letter dated 21 August 2013 (which was received on 22 August 2013), approved the Proposed Distribution, Proposed Restricted Offer and Proposed Listing (collectively referred to as “Proposed Demerger and Listing”).

In the aforesaid letter, SC has stated that IOIC’s application has been approved under the equity requirement for public companies and that the listing prospectus of IOIPG has been approved-in-principle for registration. The approval by the SC is subject to the following terms and conditions:

(a) the corporate guarantees provided by IOIC for the benefit of IOI Properties Berhad, its subsidiaries and jointly controlled entities must be uplifted and/or transferred to the IOIPG Group prior to the submission of the confirmation for registration of IOIPG’s prospectus to the SC;

(b) Tan Sri Dato’ Lee Shin Cheng, Dato’ Lee Yeow Chor and Lee Yeow Seng respectively should only hold executive positions in either IOIC or IOIPG and not in both companies;

(c) IOIPG must appoint at least one (1) senior qualified personnel responsible for the legal and company secretarial matters of IOIPG Group, who is not shared with IOIC, prior to the submission of confirmation for registration of IOIPG’s prospectus to the SC;

(d) In relation to the properties of the IOIPG:-

No.PropertyCondition of Approval
1.Properties which are registered under the name or former name of IOIC(i) For those properties which have yet to be issued with individual/block titles, IOIC is to provide an undertaking to obtain individual/block titles from the relevant authorities at its own cost and subsequently transfer the interest into IOIPG’s or its subsidiary companies’ names.

(ii) For item (i) above and those properties which have been issued with individual/block titles, IOIPG is to provide an undertaking to transfer the interest into IOIPG’s or its subsidiary companies’ name at its own cost;

(iii) IOIPG is to disclose item (i) and (ii) above in the prospectus;

(iv) Upon listing, IOIPG/Joint Principal Advisers are to make quarterly announcements on the status of items (i) and (ii) above to Bursa Securities; and

(v) IOIPG/Joint Principal Advisers are to update the SC when such announcements are made

2.Kulai Restaurant, Bandar Putra Kulai(i) IOIPG is to provide an undertaking to rectify the express condition in the title to be consistent with the existing use;

(ii) IOIPG to disclose item (i) above in the prospectus;

(iii) IOIPG/ Joint Principal Advisers are to make quarterly announcements on the status of item (i) above to Bursa Securities; and

(iv) IOIPG/ Joint Principal Advisers are to update the SC when such announcements are made.

      ; and

(e) Joint Principal Advisers / IOIPG to fully comply with the requirements of the SC’s Equity Guidelines and Prospectus Guidelines pertaining to the implementation of the Proposed Listing.

Pursuant to the above, the Board of Directors of IOIC and IOIPG will deliberate on the conditions imposed by the SC on the Proposed Demerger and Listing and consider the appropriate course of action.

This announcement is dated 22 August 2013.



FRB - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameFORMIS RESOURCES BERHAD  
Stock Name FRB  
Date Announced22 Aug 2013  
CategoryGeneral Announcement
Reference NoOS-130822-66633

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionFORMIS RESOURCES BERHAD (“FRB” OR THE “COMPANY”)

(I) PROPOSED SHARE BUY-BACK;

(II) PROPOSED ESTABLISHMENT OF A LONG-TERM INCENTIVE PLAN (LTIP); AND

(III) PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF FRB

(COLLECTIVELY KNOWN AS THE “PROPOSALS”

On behalf of the Board of Directors of FRB (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the following:-

(i) proposed share buy-back of its ordinary shares of RM0.50 each (“FRB Shares” or “Shares”) by FRB of up to ten percent (10%) of its issued and paid-up share capital (“Proposed Share Buy-Back”);

(ii) proposed establishment of a long-term incentive plan of up to fifteen percent (15%) of the issued and paid-up share capital of FRB for the eligible employees and Executive and Non-Executive Directors of FRB and its subsidiaries which are not dormant (“FRB Group” or “Group”) (“Proposed LTIP”); and

(iii) proposed amendment to the Memorandum of Association of FRB to facilitate the implementation of the Proposed LTIP (“Proposed Amendment”).

Please refer to the attachments for further details on the Proposals.

This announcement is dated 22 August 2013.



RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced22 Aug 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-130822-330B9

Date of buy back22/08/2013
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)80,000
Minimum price paid for each share purchased ($$)0.270
Maximum price paid for each share purchased ($$)0.270
Total consideration paid ($$)21,758.08
Number of shares purchased retained in treasury (units)80,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)2,074,300
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 (%)0.18


ITRONIC - OTHERS INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") - PROPOSED DISSOLUTION OF WHOLLY OWNED SUBSIDIARY INCORPORATED IN VIETNAM

Announcement Type: General Announcement
Company NameINDUSTRONICS BERHAD  
Stock Name ITRONIC  
Date Announced22 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130822-5B60D

TypeAnnouncement
SubjectOTHERS
DescriptionINDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY")
- PROPOSED DISSOLUTION OF WHOLLY OWNED SUBSIDIARY INCORPORATED IN VIETNAM

The Board of Directors (“Board”)of Industronics hereby announces the commencement of the proposed dissolution of its wholly owned subsidiary, Industronics Corporation Limited (“ICL”) on 21 August 2013.

In relation to the proposed dissolution of the ICL, Dezan Shira & Assosiates Vietnam Limited of room 1028, 10/F Pacific Place Building, 83B Ly Thuong Kiet Str, Hoan Kiem District, Hanoi, Vietnam has been appointed as the liquidator of ICL.

ICL was established in Vietnam under Investment License dated 02 March 2007, firstly revised on 09 July 2009 and Business License date 09 July 2009 issued by Hanoi People’s Committee. The charter capital of ICL is Two Hundred and Sixty Thousand US Dollars (USD260,000), equivalent to Four Billion, Four Hundred and Sixty Four million, Two Hundred Thousand Vietnam Dong (VND4,464,200,000). The principal activity of ICL is assembling and maintaining the electronic display system of public security and fire systems.

The Board had decided to dissolve ICL as the business opportunities and revenue of ICL has been very low and making loss. Based on the latest audited financial results of ICL for the financial year ended 31 December 2012 and unaudited results as at 30 June 2013, the net liabilities of ICL was RM426,206 and RM486,107 respectively. There was no revenue generated by ICL for the past six months ended 30 June 2013. The proposed dissolution of ICL is in line with the streamlining of Industronics Group’s operations.

ICL is not the major subsidiary of Industronics. The total investment costs paid for ICL amount to Ringgit Malaysia Two Hundred and Nine Thousand and Two Hundred Twenty Eight (RM209,228). The proposed dissolution of ICL will not have any material impact on the share capital, shareholding structure, earnings, gearing and net assets of the Industronics Group for the financial year ending 31 December 2013.

None of the directors or substantial shareholders of Industronics or person connected to them has any interest, direct or indirect, in the said dissolution.

This announcement is dated 22 August 2013.



FARMBES - Changes in Director's Interest (S135) - Dato' Fong Kok Yong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameFARM'S BEST BERHAD  
Stock Name FARMBES  
Date Announced22 Aug 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-130822-01FAF

Information Compiled By KLSE

Particulars of Director

NameDato' Fong Kok Yong
AddressNo. 70, Jalan Tun Fatimah
Durian Daun
75400 Melaka
Descriptions(Class & nominal value)Warrants issued pursuant to Bonus Issue and Private Placement

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
20/08/2013
122,300
0.210 

Circumstances by reason of which change has occurredDisposal of warrants in open market transaction by JF APEX Nominees (Tempatan) Sdn Bhd (MARGIN).
Nature of interestDeemed Interest
Consideration (if any)RM25,683 

Total no of securities after change

Direct (units) 
Direct (%) 
Indirect/deemed interest (units)3,866,501 
Indirect/deemed interest (%) 
Date of notice22/08/2013


FARMBES - Changes in Sub. S-hldr's Int. (29B) - F.C.H. Holdings Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFARM'S BEST BERHAD  
Stock Name FARMBES  
Date Announced22 Aug 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130822-01FB2

Particulars of substantial Securities Holder

NameF.C.H. Holdings Sdn Bhd
AddressBlock 8-16-1, Jalan 15/155B
Arcade Esplanad, Taman Bukit Jalil
57000 Kuala Lumpur
NRIC/Passport No/Company No.57091-T
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Warrants issued pursuant to Bonus Issue and Private Placement
Name & address of registered holderJF APEX Nominees (Tempatan) Sdn Bhd
PLEDGED SECURITIES ACCOUNT FOR F.C.H. Holdings Sdn BHD
3rd Floor, Wisma APEX
145 A0C Jalan Bukit
43000 Kajang, Selangor Darul Ehsan

JF APEX Nominees (Tempatan) Sdn Bhd
PLEDGED SECURITIES ACCOUNT FOR F.C.H. Holdings Sdn BHD (MARGIN)
3rd Floor, Wisma APEX
145 A0C Jalan Bukit
43000 Kajang, Selangor Darul Ehsan

MERCSEC Nominees (Tempatan) Sdn Bhd - F.C.H. Holdings Sdn Bhd
3rd Floor, Wisma UMNO
Lorong Bagan Luar Dua
12000 Butterworth, Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed20/08/2013
122,300
0.210 

Circumstances by reason of which change has occurredDisposal of warrants in open market transaction by JF APEX Nominees (Tempatan) Sdn Bhd (MARGIN).
Nature of interestDirect
Direct (units)3,866,501 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change3,866,501
Date of notice22/08/2013

Remarks :
The Form 29B was received on 22 August 2013.


FARMBES-WB - Changes in Sub. S-hldr's Int. (29B) - Fong Ngan Teng

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameFARM'S BEST BERHAD  
Stock Name FARMBES-WB  
Date Announced22 Aug 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-130822-01FC0

Particulars of substantial Securities Holder

NameFong Ngan Teng
AddressNo 70, Jalan Tun Fatimah
Durian Daun
75400 Melaka
NRIC/Passport No/Company No.580818-04-5509
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Warrants issued pursuant to Bonus Issue and Private Placement
Name & address of registered holderJF APEX Nominees (Tempatan) Sdn Bhd - PLEDGED SECURITIES ACCOUNT FOR F.C.H. Holdings Sdn Bhd
3rd Floor, Wisma APEX
145 A0C Jalan Bukit
43000 Kajang, Selangor Darul Ehsan

JF APEX Nominees (Tempatan) Sdn Bhd - PLEDGED SECURITIES ACCOUNT FOR F.C.H. Holdings Sdn Bhd (MARGIN)
3rd Floor, Wisma APEX
145 A0C Jalan Bukit
43000 Kajang, Selangor Darul Ehsan

MERCSEC Nominees (Tempatan) Sdn Bhd - F.C.H. Holdings Sdn Bhd
3rd Floor, Wisma UMNO
Lorong Bagan Luar Dua
12000 Butterworth, Penang

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed20/08/2013
122,300
0.210 

Circumstances by reason of which change has occurredDisposal of warrants in open market transaction by JF APEX Nominees (Tempatan) Sdn Bhd (MARGIN).
Nature of interestDeemed Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)3,866,501 
Indirect/deemed interest (%) 
Total no of securities after change3,866,501
Date of notice22/08/2013

Remarks :
The Form 29B was received on 22 August 2013.


FARMBES-WB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameFARM'S BEST BERHAD  
Stock Name FARMBES-WB  
Date Announced22 Aug 2013  
CategoryGeneral Announcement
Reference NoCC-130822-FC463

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS DURING CLOSED PERIOD
DescriptionFARM'S BEST BERHAD ("FBB" or "the Company")
- NOTICE TO DEAL IN COMPANY’S WARRANTS DURING CLOSED PERIOD

Pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, FBB wishes to inform that the following Directors of the Company had on 20 August 2013 dealt in the securities of FBB during the closed period pending the announcement of FBB's second quarter results for the period ended 30 June 2013:-

Name of Directors*
Date of Transactions
No. of Warrants Disposed
Considerations (RM)#
Percentage of Warrants Disposed (%)
Dato' Fong Kiah Yeow
20/08/2013
122,300 0.2100
0.44





Dato' Fong Kok Yong
20/08/2013122,300 0.21000.44





Fong Ngan Teng
20/08/2013122,300 0.21000.44





Fong Choon Kai
20/08/2013122,300 0.21000.44





* Deemed interest by virtue of their shareholdings in F.C.H. Holdings Sdn Bhd pursuant to Section 6A of the Companies Act, 1965.

# Price per Warrant

This announcement is dated 22 August 2013.






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