November 29, 2013

Company announcements: PALETTE, GHLSYS, GPRO, GDEX

PALETTE - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NamePALETTE MULTIMEDIA BERHAD (ACE Market) 
Stock Name PALETTE  
Date Announced29 Nov 2013  
CategoryChange Of Company Secretary
Reference NoCK-131128-62436

Date of change29/11/2013
Type of changeResignation
DesignationSecretary
License no.LS 008016
NameNG YEN HOONG
Working experience and occupation during past 5 years


PALETTE - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NamePALETTE MULTIMEDIA BERHAD (ACE Market) 
Stock Name PALETTE  
Date Announced29 Nov 2013  
CategoryChange Of Company Secretary
Reference NoCK-131128-62283

Date of change29/11/2013
Type of changeAppointment
DesignationSecretary
License no.MAICSA 7001358
NameWONG WAI FOONG
Working experience and occupation during past 5 years


PALETTE - OTHERS Federal Court Civil Application No. 08-55-02/2013 Palette Multimedia Bhd v Asustek Computer Inc (Asustek) Court of Appeal Civil Appeal No. W-02-1931-2010 Palette Multimedia Bhd v Asustek Computer Inc & Anor Kuala Lumpur High Court Civil Suit No.: D4-22-293-2004] Palette Multimedia Bhd v Asustek Computer Inc & Anor

Announcement Type: General Announcement
Company NamePALETTE MULTIMEDIA BERHAD (ACE Market) 
Stock Name PALETTE  
Date Announced29 Nov 2013  
CategoryGeneral Announcement
Reference NoCK-131129-55637

TypeAnnouncement
SubjectOTHERS
DescriptionFederal Court Civil Application No. 08-55-02/2013
Palette Multimedia Bhd v Asustek Computer Inc (Asustek)

Court of Appeal Civil Appeal No. W-02-1931-2010
Palette Multimedia Bhd v Asustek Computer Inc & Anor

Kuala Lumpur High Court Civil Suit No.: D4-22-293-2004]
Palette Multimedia Bhd v Asustek Computer Inc & Anor

Reference is made to the announcements dated 4 June 2010, 8 June 2010, 1 July 2010, 4 December 2012, 7 January 2013, 4 February 2013, 9 April 2013, 23 August 2013, 3 September 2013 and 5 September 2013.

After due discussion and negotiation with the legal representative of Asustek on the Letter of Demand, the Company had on today, 29 November 2013 received a facsimile of even date (“said letter”) from Asustek informing that Asustek will not be interested to proceed with the terms of the Letter of Demand dated 29 August 2013 upon the clearance of the payment of the sum of RM958,000.00 given as costs in lieu of taxation and not otherwise.

The Board had deliberated the above matter at today’s Board meeting and concluded to accept the terms of the said letter through two (2) equal payments where the first payment will be made immediately and the second payment is on 30 December 2013.

The financial impact of the above litigation to the Income Statement of the Group for this financial year ending 31 December 2013 is estimated at RM4,841,282.00. This will have a material impact on the Company.



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

Announcement Type: General Announcement
Company NameGHL SYSTEMS BERHAD  
Stock Name GHLSYS  
Date Announced29 Nov 2013  
CategoryGeneral Announcement
Reference NoCK-131129-43991

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company has received notification from Mr Kanagaraj Lorenz, the Director of GHL Systems Berhad in relation to exercise of Executives’ Share Scheme, details of which are set out in the table below:-

Dealing

Description of Securities

Number of Shares acquired

Price per share (RM)

% of Securities

25 November 2013

Exercise of Executives’ Share Option Scheme

600,000

0.34

0.33 (Direct)

This announcement is dated 29 November 2013.

The notice was received from the Director (Mr Kanagaraj Lorenz) pursuant to Section 135 of the Companies Act, 1965 on 29 November 2013.



GHLSYS - Changes in Director's Interest (S135) - Kanagaraj Lorenz

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGHL SYSTEMS BERHAD  
Stock Name GHLSYS  
Date Announced29 Nov 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-131129-43509

Information Compiled By KLSE

Particulars of Director

NameKanagaraj Lorenz
Address74, Jalan Pudina
Bukit Bandaraya, Bangsar
59000 Kuala Lumpur
Descriptions(Class & nominal value)Ordinary Shares of RM0.20 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
25/11/2013
600,000
0.340 

Circumstances by reason of which change has occurredExercise of Executives' Share Scheme
Nature of interestDirect
Consideration (if any)RM204,000.00 

Total no of securities after change

Direct (units)2,330,600 
Direct (%)1.27 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice28/11/2013

Remarks :
The notice of allotment has been despatched to the allottee (Mr Kanagaraj Lorenz) on 27 November 2013.

The notice was received from the Director (Mr Kanagaraj Lorenz) pursuant to Section 135 of the Companies Act, 1965 on 29 November 2013.


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

Announcement Type: Financial Results
Company NameGPRO TECHNOLOGIES BERHAD (ACE Market) 
Stock Name GPRO  
Date Announced29 Nov 2013  
CategoryFinancial Results
Reference NoCS-131129-61970

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
104
805
1,376
3,534
2Profit/(loss) before tax
-1,221
-970
-2,813
-1,893
3Profit/(loss) for the period
-1,221
-971
-2,813
-1,894
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,102
-840
-2,374
-1,729
5Basic earnings/(loss) per share (Subunit)
-0.44
-0.34
-0.95
-0.69
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 ($$)
0.0200
0.0300
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


GPRO - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameGPRO TECHNOLOGIES BERHAD (ACE Market) 
Stock Name GPRO  
Date Announced29 Nov 2013  
CategoryChange in Audit Committee
Reference NoCS-131129-62588

Date of change29/11/2013
NameRaymond Yip Wai Man
Age43
NationalityHong Kong (SAR)
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateNon Independent & Non Executive
Qualifications1. Bachelor degree in Commerce, Memorial University of Newfoundland.
2. Master's degree in Business Administration.
3. Member of the Institute of Chartered Accountants in Australia, the Certified General Accountant's Association of Canada and the Hong Kong Institute of Certified Public Accountants. 
Working experience and occupation He is an accountant by training and was a Chief Financial Officer with a global marketer and distributor of mobile entertainment products and servicesfor over six years; Financial Controller with a multinational electronics manufacturing company in Hong Kong for over two years and was with Ernst & Young for the prior five years. He has obtained over 14 years' experience in financial management. He was also admitted by the Council of the University of New South Wales and the Senate of the University of Sydney. 
Directorship of public companies (if any)Industronics Berhad. 
Family relationship with any director and/or major shareholder of the listed issuerNil. 
Any conflict of interests that he/she has with the listed issuerNil. 
Details of any interest in the securities of the listed issuer or its subsidiariesNil. 
Composition of Audit Committee (Name and Directorate of members after change)1) Lee Chee Cheng (Independent Non-Executive Director) - Audit Committee Chairman.
2) Cheung Ming Chi (Independent Non-Executive Director) - Audit Committee Member.
3) Raymond Yip Wai Man (Non-Independent Non-Executive Director) - Audit Committee Member.


GDEX - Changes in Sub. S-hldr's Int. (29B) - GD Express Holdings (M) Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGD EXPRESS CARRIER BERHAD  
Stock Name GDEX  
Date Announced29 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131129-A7698

Particulars of substantial Securities Holder

NameGD Express Holdings (M) Sdn Bhd
Address23-M, Jalan 1/116B, Kuchai Enterpreneurs' Park, Off Kuchai Lama, 58200 Kuala Lumpur
NRIC/Passport No/Company No.246161-H
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.10
Name & address of registered holderGD Express Holdings (M) Sdn Bhd
23-M, Jalan 1/116B, Kuchai Enterpreneurs' Park, Off Kuchai Lama, 58200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others26/11/2013
6,000,000
 

Description of other type of transactionExercise of warrants
Circumstances by reason of which change has occurredExercise of warrants
Nature of interestDirect
Direct (units)87,711,496 
Direct (%)32.25 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change87,711,496
Date of notice29/11/2013


GDEX - Changes in Sub. S-hldr's Int. (29B) - Teong Teck Lean

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameGD EXPRESS CARRIER BERHAD  
Stock Name GDEX  
Date Announced29 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131129-A8C5E

Particulars of substantial Securities Holder

NameTeong Teck Lean
Address3399, Jalan Wangsa 1, Taman Wangsa Ukay, 68000 Ampang, Selangor Darul Ehsan
NRIC/Passport No/Company No.601014-08-5679
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary shares of RM0.10
Name & address of registered holderGD Express Holdings (M) Sdn Bhd
23-M, Jalan 1/116B, Kuchai Enterpreneurs' Park, Off Jalan Kuchai Lama, 58200 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Others26/11/2013
6,000,000
 

Description of other type of transactionExercise of warrants
Circumstances by reason of which change has occurredExercise of warrants
Nature of interestIndirect
Direct (units)662,500 
Direct (%)0.24 
Indirect/deemed interest (units)115,823,496 
Indirect/deemed interest (%)42.58 
Total no of securities after change116,485,996
Date of notice29/11/2013

Remarks :
The indirect interest are registered in the name of the following shareholders:-

1) Deemed interested in GD Express Holdings (M) Sdn Bhd pursuant to Section 6A of the Companies Act, 1965 (87,711,496 ordinary shares)

2) Deemed interested in GD Holdings International Limited pursuant to Section 6A of the Companies Act, 1965 (3,012,000 ordinary shares)

3) Deemed interested in GD Holdings International Limited that is registered under Citigroup Nominees (Asing) Sdn Bhd. Exempt An for Merrill Lynch Pierce Fenner & Smith Incorporated (Foreign) pursuant to Section 6A of the Companies Act, 1965 (23,900,000 ordinary shares)

4) Deemed interested in GDEX Foundation pursuant to Section 6A of the Companies Act, 1965 (1,200,000 ordinary shares)


GDEX - Changes in Director's Interest (S135) - Teong Teck Lean

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGD EXPRESS CARRIER BERHAD  
Stock Name GDEX  
Date Announced29 Nov 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-131129-B4227

Information Compiled By KLSE

Particulars of Director

NameTeong Teck Lean
Address3399, Jalan Wangsa 1, Taman Wangsa Ukay, 68000 Ampang, Selangor Darul Ehsan
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
26/11/2013
6,000,000
 

Description of other type of transactionExercise of warrants
Circumstances by reason of which change has occurredExercise of warrants
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)7,500 
Direct (%)0.02 
Indirect/deemed interest (units)18,600,299 
Indirect/deemed interest (%)50.78 
Date of notice29/11/2013

Remarks :
The indirect interest are registered in the name of the following shareholders:-

1) Deemed interested in GD Express Holdings (M) Sdn Bhd pursuant to Section 6A of the Companies Act, 1965 (7,850,299 warrants)

2) Deemed interested in GD Holdings International Limited pursuant to Section 6A of the Companies Act, 1965 (3,970,000 warrants)

3) Deemed interested in GD Holdings International Limited that is registered under Citigroup Nominees (Asing) Sdn Bhd. Exempt An for Merrill Lynch Pierce Fenner & Smith Incorporated (Foreign) pursuant to Section 6A of the Companies Act, 1965 (6,780,000 warrants)


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