November 25, 2013

Company announcements: IRIS, GPACKET, BOILERM, EASTLND, INSAS, VERSATL, UNICO, ARMADA

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

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced25 Nov 2013  
CategoryGeneral Announcement
Reference NoCU-131104-38082

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionIRIS CORPORATION BERHAD ("ICB" OR "COMPANY")

CONDITIONAL TAKE-OVER OFFER BY IRIS HEALTHCARE SDN BHD (“IHSB”), A WHOLLY-OWNED SUBSIDIARY OF IRIS CORPORATION BERHAD, VERSATILE CREDIT & LEASING SDN BHD (“VCLSB”), DATUK TAN SAY JIM (“DATUK TAN”) AND DATO’ LEE KWEE HIANG (“DATO’ LEE”) (IHSB, VCLSB, DATUK TAN AND DATO’ LEE COLLECTIVELY REFERRED TO AS THE “JOINT OFFERORS”) THROUGH MIDF AMANAH INVESTMENT BANK BERHAD (“MIDF INVESTMENT”) TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN VERSATILE CREATIVE BERHAD (“VCB”) NOT ALREADY OWNED BY THE JOINT OFFERORS (“OFFER SHARE(S)”) FOR A CASH OFFER PRICE OF RM0.50 PER OFFER SHARE (“OFFER”)
The terms used herein shall, unless otherwise stated, bear the same meaning as those defined in the announcement dated 23 September 2013 in relation to the Offer.
We refer to the announcement dated 23 September 2013, 14 October 2013, 30 October 2013, 31 October 2013, 7 November 2013 and 14 November 2013 in relation to the Offer.

On behalf of ICB, MIDF Investment wishes to announce that the Joint Offerors have notified the holders of the Offer Shares the following:

(i) As at 5.00 p.m. (Malaysian time) on Monday, 25 November 2013, the Joint Offerors have received valid acceptances from the holders of the Offer Shares for a total of 57,543,103 VCB Shares, representing approximately 52.01% of the issued and paid-up share capital of VCB, resulting in the Joint Offerors holding in aggregate, together with such VCB Shares that are already held or entitled to be acquired or held, more than 74.89% of the voting shares of VCB representing 82,862,062 VCB Shares; and

(ii) the approval of shareholders of ICB on the Offer has been obtained at the Extraordinary General Meeting of ICB held on 25 November 2013. On 30 October 2013, MIDF Investment had on behalf of ICB, announced that the approvals of the lenders of ICB for the Offer have been obtained.

Accordingly, the Offer has become wholly-unconditional as of Monday, 25 November 2013 (“Unconditional Date”).

Pursuant to Section 25(3) of the Code and in accordance with the terms and conditions as set out in the Offer Document, the Joint Offerors shall keep the Offer open for acceptances for at least fourteen (14) days from the Unconditional Date.

In relation thereto, the Joint Offerors have notified the holders of the Offer Shares that the closing date and time for acceptance of the Offer have been extended from 5.00 p.m. (Malaysian time) on Monday, 13 December 2013 to 5.00 p.m. (Malaysian time) on Friday, 13 December 2013 ("Final Closing Date"), being eighteen (18) days from the Unconditional Date. Notice of the said extension will be posted to the holders of the Offer Shares accordingly (including the holders of the Offer Shares who have accepted the Offer).

Save for the Final Closing Date, all other details, terms and conditions of the Offer remain unchanged.

As stated in the Offer Document, the Joint Offerors do not intend to maintain the listing status of VCB and the Joint Offerors do not intend to take any step to address the shortfall in the public shareholding spread of VCB. The Joint Offerors will procure VCB to take the requisite steps to withdraw its listing status from the Official List of Bursa Securities in accordance with the Listing Requirements.

The settlement of the Offer Shares will be effected via remittance in the form of cheque(s), banker’s draft(s) or cashier’s order(s) which will be despatched by ordinary mail to the Accepting Holders (or their designated agents, as they may direct) at the Accepting Holders’ registered Malaysian address last maintained with Bursa Depository at their own risk, within ten (10) days from:

(i) 25 November 2013, being the date the Offer becomes or is declared wholly unconditional, if the valid acceptances are received during the period when the Offer is still conditional; or

(ii) the date of the valid acceptances, if the valid acceptances are received during the period after the Offer is or has become or has been declared wholly unconditional.

Enclosed is the press notice released by MIDF Investment on behalf of the Joint Offerors, in relation to the above.


GPACKET - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameGREEN PACKET BERHAD  
Stock Name GPACKET  
Date Announced25 Nov 2013  
CategoryFinancial Results
Reference NoGP-131122-38957

Financial Year End31/12/2013
Quarter3
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited

Attachments

Q3 Financial Result.pdf
546 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
141,658
159,829
441,916
426,282
2Profit/(loss) before tax
-30,272
-28,108
-100,038
-90,086
3Profit/(loss) for the period
-29,701
-28,313
-99,803
-90,702
4Profit/(loss) attributable to ordinary equity holders of the parent
-14,417
-17,516
-54,035
-50,133
5Basic earnings/(loss) per share (Subunit)
-2.10
-2.50
-7.80
-7.50
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


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 ($$)
0.1300
0.2000
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


GPACKET - OTHERS GREEN PACKET BERHAD ("GPB" OR "THE COMPANY") - STATUS IN RELATION TO OUTSTANDING RELATED PARTY RECEIVABLES

Announcement Type: General Announcement
Company NameGREEN PACKET BERHAD  
Stock Name GPACKET  
Date Announced25 Nov 2013  
CategoryGeneral Announcement
Reference NoGP-131122-37526

TypeAnnouncement
SubjectOTHERS
DescriptionGREEN PACKET BERHAD ("GPB" OR "THE COMPANY")
- STATUS IN RELATION TO OUTSTANDING RELATED PARTY RECEIVABLES

Futher to the previous quarter announcements on the above subject matter, the Company wishes to inform that the outstanding related party receivables as at 30 September 2013 is set out in the "Appendix I" attached herein. Green Packet Inc ("GPI") is a company connected with the directors and major shareholder of the Company, Mr Puan Chan Cheong and Tan Sri Dato' Kok Onn.

The Company has previously informed its intention to sell its products to the USA market and proposed to off-set the outstanding related party receivables with GPI against future potential licensing fees payable to GPI in relation to the USA market. The Company targets to complete the proposal and recover the outstanding party receivables in December, 2013.

This announcement is dated 25 November 2013.

Attachments

Appendix I.pdf
174 KB



BOILERM - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameBOILERMECH HOLDINGS BERHAD (ACE Market) 
Stock Name BOILERM  
Date Announced25 Nov 2013  
CategoryChange Of Company Secretary
Reference NoCK-131125-60674

Date of change25/11/2013
Type of changeAppointment
DesignationJoint Secretary
License no.MAICSA 7054606
NameAngeline Ng Sek Oi
Working experience and occupation during past 5 years


BOILERM - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameBOILERMECH HOLDINGS BERHAD (ACE Market) 
Stock Name BOILERM  
Date Announced25 Nov 2013  
CategoryFinancial Results
Reference NoCK-131125-58272

Admission SponsorRHB Investment Bank Bhd
SponsorSame as above
Financial Year End31/03/2014
Quarter2
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
31/10/2012
30/09/2013
31/10/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
55,294
106,824
2Profit/(loss) before tax
9,646
18,167
3Profit/(loss) for the period
7,150
13,488
4Profit/(loss) attributable to ordinary equity holders of the parent
7,150
13,488
5Basic earnings/(loss) per share (Subunit)
2.77
5.23
6Proposed/Declared dividend per share (Subunit)
0.00
0.00


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 ($$)
0.3300
0.3100
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


EASTLND - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameEASTLAND EQUITY BHD  
Stock Name EASTLND  
Date Announced25 Nov 2013  
CategoryFinancial Results
Reference NoCC-131120-6DD4B

Financial Year End31/12/2013
Quarter3
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
10,261
9,803
30,878
29,857
2Profit/(loss) before tax
5,307
1,532
8,711
4,195
3Profit/(loss) for the period
4,350
488
6,405
2,068
4Profit/(loss) attributable to ordinary equity holders of the parent
4,350
488
6,405
2,068
5Basic earnings/(loss) per share (Subunit)
1.95
0.22
2.87
0.93
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


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 ($$)
0.7600
0.7300
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


INSAS - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameINSAS BERHAD  
Stock Name INSAS  
Date Announced25 Nov 2013  
CategoryFinancial Results
Reference NoII-131125-31537

Financial Year End30/06/2014
Quarter1
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited

Remarks :
1) The basic earnings per share for the 3 months ended 30 September 2013 has been calculated based on the profit attributable to ordinary equity holders of the Company of RM59,400,000 (2013: RM30,300,000) and the weighted average number of ordinary shares in issue during the period of 669,677,000 shares (2013: 690,156,000 shares) net of shares bought back by the Company.

2) The fully diluted earnings per share is not computed as there is no dilutive potential equity instruments in issue that gave diluted effect to the earnings per share.

3) The net assets per share is calculated based on the Shareholders' Fund (excluding non-controlling interests) divided by the number of ordinary shares in issue after deducting shares bought back by the Company.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
72,494
63,639
72,494
63,639
2Profit/(loss) before tax
61,547
30,207
61,547
30,207
3Profit/(loss) for the period
59,675
30,190
59,675
30,190
4Profit/(loss) attributable to ordinary equity holders of the parent
59,400
30,300
59,400
30,300
5Basic earnings/(loss) per share (Subunit)
8.87
4.39
8.87
4.39
6Proposed/Declared dividend per share (Subunit)
1.00
1.30
1.00
1.30


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 ($$)
1.6300
1.5400
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


VERSATL - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameVERSATILE CREATIVE BERHAD  
Stock Name VERSATL  
Date Announced25 Nov 2013  
CategoryGeneral Announcement
Reference NoVC-131120-78E29

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionVERSATILE CREATIVE BERHAD (“VCB” or “COMPANY”) –
Offer Document in relation to Conditional Take-Over Offer by Iris Healthcare Sdn Bhd (“IHSB”), a wholly owned subsidiary of IRIS Corporation Berhad (“ICB”), Versatile Credit & Leasing Sdn Bhd (“VCLSB”), Datuk Tan Say Jim (“Datuk Tan”) and Dato’ Lee Kwee Hiang (“Dato’ Lee”) (IHSB, VCLSB, Datuk Tan and Dato’Lee, collectively referred to as the, “Joint Offerors”) through MIDF Amanah Investment Bank Berhad to acquire all the remaining ordinary shares of RM1.00 each in VCB not already owned by the Joint Offerors (“Offer Share(s)”) for a cash offer price of RM0.50 per offer share (“Offer”)

We refer to the announcement dated 14 October 2013, 31 October 2013 and 14 November 2013 and all subsequent announcements made in relation to the Offer. The Board of Directors of VCB wishes to inform that VCB has today received the attached press notice from MIDF Amanah Investment Bank Berhad, on behalf of the Joint Offerors informing that the closing date and time for acceptance of the Offer has been extended from 5.00 p.m. (Malaysian time) on 2 December 2013 to 5.00 p.m. (Malaysian time) on 13 December 2013 (“Third Revised Closing Date”). Notice of the said revision will be posted to the holders of the Offer Shares. Save for the Third Revised Closing Date, all other details, terms and conditions of the Offer remain unchanged.

Please refer to the attached press notice for further details.

This announcement is dated 25 November 2013



UNICO - UNICO-Suspension Of Trading

Announcement Type: Listing Circular
Company NameUNICO-DESA PLANTATIONS BERHAD  
Stock Name UNICO  
Date Announced25 Nov 2013  
CategoryListing Circular
Reference NoBL-131122-43831

LISTING'S CIRCULAR NO. L/Q : 69304 OF 2013


    Kindly be advised that trading in UNICO's shares will be suspended with effect from 9.00 a.m., Friday, 29 November 2013, pursuant to Paragraph 16.02(3) of the Main Market Listing Requirements.

    Your attention is drawn to the Company's announcement dated 21 November 2013.


ARMADA - OTHERS OFFER OF OPTIONS UNDER THE 2011 EMPLOYEE SHARE OPTION SCHEME OF BUMI ARMADA BERHAD

Announcement Type: General Announcement
Company NameBUMI ARMADA BERHAD  
Stock Name ARMADA  
Date Announced25 Nov 2013  
CategoryGeneral Announcement
Reference NoBA-131125-123FB

TypeAnnouncement
SubjectOTHERS
DescriptionOFFER OF OPTIONS UNDER THE 2011 EMPLOYEE SHARE OPTION SCHEME OF BUMI ARMADA BERHAD

Bumi Armada Berhad (“Bumi Armada” or the “Company”) is pleased to announce that the Company has today offered options over unissued ordinary shares of RM0.20 each of Bumi Armada to its new Chief Financial Officer, Mr Kenneth Murdoch, of which the details are as set out below:

(a)

Date of offer

:

25 November 2013

(b)

Exercise price of options offered

:

RM4.04 per share

(c)

Number of options or shares offered

:

1,500,000

(d)

Market price of its securities on the date of the offer (Closing Price)

:

RM4.04

(e)

Number of options or shares offered to each director, if any

:

Not applicable for this offer

(f)

Vesting period of the options or shares offered

:

25 November 2014

(30% at the 1st anniversary of 25 November 2013);

25 November 2015

(30% at the 2nd anniversary of 25 November 2013); and

25 November 2016

(40% at the 3rd anniversary of 25 November 2013).

Subject to the vesting dates as aforesaid the exercise period for these options will be from 25 November 2014 to 24 November 2018.

This announcement is dated 25 November2013.



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