November 1, 2013

Company announcements: BTM, ADVENTA, BIOSIS, CHEETAH, FREIGHT, IRMGRP, PWROOT, VASTALX, DIALOG

BTM - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameBTM RESOURCES BERHAD  
Stock Name BTM  
Date Announced1 Nov 2013  
CategoryGeneral Announcement
Reference NoML-131101-45220

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionBTM RESOURCES BERHAD (“BTM” OR “COMPANY”)

I. PROPOSED PAR VALUE REDUCTION;
II. PROPOSED SHARE PREMIUM REDUCTION;
III. PROPOSED M&A AMENDMENTS;
IV. PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
V. PROPOSED EXEMPTION

(COLLECTIVELY KNOWN AS THE “PROPOSALS”)

(For consistency, the abbreviations used throughout this announcement shall have the same meaning as defined in the announcement dated 30 October 2013 unless stated otherwise.)

We refer to the earlier announcement dated 30 October 2013 in relation to the Proposals.

On behalf of the Company, HLIB wishes to provide additional information in relation to the proposed utilisation of proceeds raised from the Proposed Rights Issue with Warrants.

Based on the Minimum scenario and Maximum scenario, the Company will raise proceeds of between RM7.26 million and RM23.75 million from the Proposed Rights Issue with Warrants of which between RM5.20 million and RM21.68 million shall be utilised for the Group’s working capital requirements, including operational expenses and administrative expenses. Operating expenses are expenses incurred within the ordinary course of business including but not limited to purchase of raw materials such as logs, sawntimber and plywood, workers’ and staff salaries and wages, freight charges.  

The breakdown of the working capital requirements are as follows:

 

Minimum Scenario

Maximum Scenario

 

(RM'000)

(RM'000)

Purchase of raw materials

4,176

19,637

Workers and staff costs

750

1,500

Selling and distribution cost

270

540

 

5,196

21,677

 

 

 

This announcement is dated 1 November 2013.

 

 


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

Announcement Type: General Announcement
Company NameADVENTA BERHAD  
Stock Name ADVENTA  
Date Announced1 Nov 2013  
CategoryGeneral Announcement
Reference NoCS-131101-2F247

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionADVENTA BERHAD ("ADVENTA" OR "THE COMPANY")
- MONTHLY UPDATE ON THE STATUS OF THE COMPANY'S REGULARISATION PLAN PURSUANT TO THE PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("PN17")
The Board of Directors of Adventa wishes to inform that there has been no material development since the announcement made previously on 1 October 2013.
Premised on the First Announcement, the Company is required to submit a Regularisation Plan to the relevant authorities by 7 January 2014 which is approximately 2 months from the date thereof.

This announcement is dated 1 November 2013.


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

Announcement Type: General Announcement
Company NameBIOSIS GROUP BERHAD  
Stock Name BIOSIS  
Date Announced1 Nov 2013  
CategoryGeneral Announcement
Reference NoCM-131101-56376

TypeAnnouncement
SubjectPRACTICE NOTE 1 / GUIDANCE NOTE 5
MONTHLY ANNOUNCEMENT
DescriptionBIOSIS GROUP BERHAD (“BIOSIS" OR "THE COMPANY")
Monthly Announcement on the status of default pursuant to Practice Note 1/2001

Further to the Company’s announcements on 20 March 2013, 24 April 2013, 30 May 2013, 28 June 2013, 31 July 2013, 15 August 2013, 2 September 2013 and 1 October 2013, the Board of Directors of BIOSIS wishes to inform that there is no major development on the status of default in payment of principal and interests accrued as at the date of this announcement.

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

This announcement is dated 1 November 2013.



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

Announcement Type: General Announcement
Company NameBIOSIS GROUP BERHAD  
Stock Name BIOSIS  
Date Announced1 Nov 2013  
CategoryGeneral Announcement
Reference NoCM-131101-56284

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionBIOSIS GROUP BERHAD (“BIOSIS" OR "THE COMPANY")
Monthly Update on the status of the Company’s plan to comply with the obligation to regularise its condition pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“PN 17”)

We refer to the announcements made by the Company on 26 June 2013, 1 July 2013, 1 August 2013, 2 September 2013 and 1 October 2013.

The Board wishes to announce that there are no major developments subsequent to the announcement on 1 October 2013. The Company has until 25 June 2014 to submit the Proposed Regularisation Plan to the relevant authorities for approval.

This announcement is dated 1 November 2013.



CHEETAH - CHEETAH - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NameCHEETAH HOLDINGS BERHAD  
Stock Name CHEETAH  
Date Announced1 Nov 2013  
CategoryListing Circular
Reference NoRN-131101-39908

LISTING'S CIRCULAR NO. L/Q : 69122 OF 2013


    First and Final Dividend of 2.35 sen per ordinary share of RM0.50 each less income tax for the financial year ended 30 June 2013.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 29 November 2013 ]

    2) The last date of lodgement : [ 3 December 2013 ]

    3) Date Payable : [ 23 December 2013 ]


FREIGHT - FREIGHT - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NameFREIGHT MANAGEMENT HOLDINGS BERHAD  
Stock Name FREIGHT  
Date Announced1 Nov 2013  
CategoryListing Circular
Reference NoRN-131101-39804

LISTING'S CIRCULAR NO. L/Q : 69125 OF 2013


    Single Tier Final Dividend of 3.0 sen per share.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 27 November 2013 ]

    2) The last date of lodgement : [ 29 November 2013 ]

    3) Date Payable : [ 18 December 2013 ]


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

Announcement Type: General Announcement
Company NameIRM GROUP BERHAD  
Stock Name IRMGRP  
Date Announced1 Nov 2013  
CategoryGeneral Announcement
Reference NoCS-131101-3712E

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionIRM GROUP BERHAD (“IRMGB”)
- ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS
Further to the First Announcement made by the Company on 31 May 2013 in compliance with Paragraph 4.1 of Practice Note 17 ("PN17") of the Main Market Listing Requirements, the Board of Directors of IRMGB wishes to inform that the Company is still formulating a regularisation plan to address its PN17 status ("Regularisation Plan").
Premised on the First Announcement, the Company is required to submit a Regularisation Plan to the relevant authorities by 30 April 2014 which is approximately 6 months from the date hereof.

This announcement is dated 1 November 2013.


PWROOT - PWROOT - NOTICE OF BOOK CLOSURE

Announcement Type: Listing Circular
Company NamePOWER ROOT BERHAD  
Stock Name PWROOT  
Date Announced1 Nov 2013  
CategoryListing Circular
Reference NoRN-131031-34002

LISTING'S CIRCULAR NO. L/Q : 69129 OF 2013


    Single Tier Interim Dividend of 4.0 sen per share.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 20 November 2013 ]

    2) The last date of lodgement : [ 22 November 2013 ]

    3) Date Payable : [ 9 December 2013 ]


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

Announcement Type: General Announcement
Company NameVASTALUX ENERGY BERHAD  
Stock Name VASTALX  
Date Announced1 Nov 2013  
CategoryGeneral Announcement
Reference NoCP-131029-67627

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
DescriptionVASTALUX ENERGY BERHAD ("VEB" OR "THE COMPANY")

On behalf of the Board of Directors of VEB, we wish to update that the following were effected on 4 October 2013 ("Entitlement Date"):-

1) Share exchange of the entire issued and paid up share capital of VEB of RM51,560,000.00 comprising 206,240,000 ordinary shares of RM0.25 each in VEB ("VEB Shares") for 9,518,769 new ordinary shares of RM0.20 each in Barakah Offshore Petroleum Berhad ("Barakah")("Barakah Shares") on the basis of three (3) new Barakah Shares for every sixty-five (65) VEB Shares held at the Entitlement Date pursuant to Section 176 of the Companies Act, 1965 ("Share Exchange"); and

2) Offer from Barakah to subscribe for 3,172,923 5-year 3.5% redeemable convertible loan stocks ("RCULS") at an issue price of RM0.20 per RCULS on the basis of one (1) RCULS for every three (3) Barakah shares to be held pursuant to the Share Exchange, ("Offer of RCULS").

VEB is now a wholly owned subsidiary of Barakah.

The targeted date for listing of Barakah is 6 November 2013 upon which VEB would be delisted.

This announcement is dated 1 November 2013.



DIALOG - 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 NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced1 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoDG-131101-5A561

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 RM0.10 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
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)
Acquired29/10/2013
1,587,200
 
Disposed29/10/2013
1,191,700
 

Circumstances by reason of which change has occurredPurchase and Disposal of shares.
Nature of interestDirect
Direct (units)394,609,235 
Direct (%)16.33 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change394,609,235
Date of notice01/11/2013

Remarks :
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Acquired 1,039,400 shares) - 330,204,694 shares
Employees Provident Fund Board - 1,500,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KIB) - 1,695,054 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS) - 3,837,100 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI) (Disposed 1,191,700 shares) - 15,049,567 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 13,485,000 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (NOMURA) (Acquired 547,800 shares) - 25,837,820 shares
Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (ARIM) - 3,000,000 shares

Total No. of shares - 394,609,235 shares


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