INGENCO - OTHERS Incorporation of a Subsidiary Company by Ingens Sdn. Bhd.
| Company Name | INGENUITY CONSOLIDATED BERHAD (ACE Market) |
| Stock Name | INGENCO |
| Date Announced | 2 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131130-58246 |
| Type | Announcement |
| Subject | OTHERS |
| Description | Incorporation of a Subsidiary Company by Ingens Sdn. Bhd. |
The Board of Directors of Ingenuity Consolidated Berhad ["the Company"] wishes to announce that Ingens Sdn. Bhd., a wholly-owned subsidiary of Vistavision Resources Sdn. Bhd., which in turn wholly-owned by the Company, has incorporated a subsidiary, namely Ingens (Indonesia) Pte Ltd under the BVI Business Companies Act, 2004 in British Virgin Islands on 25th November 2013. The total issued and paid-up share capital of Ingens (Indonesia) Pte Ltd is USD50,000.00 comprising 50,000 ordinary shares, whereby Ingens Sdn. Bhd. has 51% equity participation and the remaining 49% is held by an Indonesian, David Lie (Passport No: A1585352). The purpose of the incorporation of Ingens (Indonesia) Pte Ltd is to joint-venture with local Indonesian partners for the distribution of ICT Products. The said incorporation is not expected to have any material impact on the earnings per share, net assets per share, share capital and substantial shareholders' shareholdings of the Company for the financial year ending 31st March 2014. The said incorporation is not subjected to the approval of the Company's shareholders. None of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, whether direct or indirect, in the said incorporation. The Board of Directors of the Company is of the opinion that the said incorporation is in the best interest of the Company. This announcement is dated 2nd December 2013. Remarks: The certificate of incorporation on the incorporation of Ingens (Indonesia) Pte Ltd issued by the Registrar of Corporate Affairs, of the British Virgin Islands was received on the day of this announcement. | |
IDEAL - PRACTICE NOTE 1 / GUIDANCE NOTE 5:MONTHLY ANNOUNCEMENT
| Company Name | IDEAL SUN CITY HOLDINGS BERHAD (ACE Market) |
| Stock Name | IDEAL |
| Date Announced | 2 Dec 2013 |
| Category | General Announcement |
| Reference No | CP-131202-B9B50 |
| Regularisation Sponsor | M&A Securities Sdn Bhd |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | PRACTICE NOTE 1 / GUIDANCE NOTE 5 MONTHLY ANNOUNCEMENT |
| Description | IDEAL SUN CITY HOLDINGS BERHAD (“IDEAL” or “the Company”) - Monthly Announcement Pursuant to Guidance Note 5/2006 ("GN5") – Default in Payments |
Further to the announcement made on 1 November
2013 pursuant to GN5 of the ACE Market Listing Requirements of Bursa Malaysia
Securities Berhad, the Board of Directors of IDEAL (“the Board”) wishes to announce
that the High Court of Johore Bahru has on 27 November 2013 dismissed the
Appeal of Orix Credit Malaysian Sdn. Bhd. against Ideal Property Concept Sdn.
Bhd. and the Company with cost of RM20,000.00 in respect of the Appeal and the
Trial in the High Court. IDEAL will no longer be in default
of payments to the financial institution since Orix’s appeal was dismissed
by the High Court.
This announcement is dated 2 December
2013. | |
IDEAL - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | IDEAL SUN CITY HOLDINGS BERHAD (ACE Market) |
| Stock Name | IDEAL |
| Date Announced | 2 Dec 2013 |
| Category | General Announcement |
| Reference No | CP-131202-B9B45 |
| Regularisation Sponsor | M&A Securities Sdn Bhd |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | IDEAL SUN CITY HOLDINGS BERHAD (“Ideal” or “the Company”) - Monthly Announcement On the Status of the Company’s Plan to Comply With the Obligation to Regularise its Condition Pursuant to Guidance Note 3 ("GN3") of the Bursa Malaysia Securities Bhd ACE Market Listing Requirements (“ACE LR”) |
Reference is made to the announcement dated 1 November 2013, in compliance with paragraph 4.4 of the GN3 of ACE LR. The Board of Directors of IDEAL ("Board") wishes to inform as follows:- a) Bursa Securities had vide its letter dated 13 May 2013 resolved to approve the Company's regularisation plan subject to the conditions as stated in its letter; and b) 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 Right Issues with Warrants and Proposed Placement with Warrants. c) On 13 November 2013, the
Board of Directors has announced that the shareholders of the Company had
approved the Proposed Balance Sheet Reconstruction, Proposed Rights Issue with
Warrants, Proposed Exemption and Proposed Placement with Warrants at the
Extraordinary General Meeting (“EGM”) of the Company held on 13 November 2013. Any further updates on the implementation of the
Proposed Regularisation Scheme will be announced in due course. This announcement is dated 2 December 2013. | |
SOLUTN - OTHERS (Amended Announcement)
| Company Name | SOLUTION ENGINEERING HOLDINGS BERHAD (ACE Market) |
| Stock Name | SOLUTN |
| Date Announced | 2 Dec 2013 |
| Category | General Announcement |
| Reference No | SE-131202-58723 |
| Type | Announcement |
| Subject | OTHERS |
| Description | ACQUISITION OF REMAINING STAKE IN SOLUTION BIOGEN SDN BHD(COMPANY NO:749526-M) |
ACQUISITION OF REMAINING STAKE IN SOLUTION BIOGEN SDN BHD (COMPANY NO: 749526-M) 1. INTRODUCTION Solution Engineering Holdings Berhad (Company No:654575-P) ("SEHB or the Company") wishes to announce that the Company has acquired the remaining equity interest of Twenty-Two and a Half percent (22.5%), representing Four Hundred and Fifty Thousand (450,000) ordinary shares of RM1.00 each fully paid-up in Solution Biogen Sdn Bhd (“BIOGEN”) from Mr. Pu Meng Jin for a cash consideration of Ringgit Malaysia One million and two hundred thousand (RM1,200,000) and Mr Kow Chee Kiang for a cash consideration of Ringgit Malaysia six hundred thousand (RM600,000), arrived at on a willing buyer willing seller basis after taking into consideration the existing and potential orders that the company had and / or may secured. With the abovesaid acquisitions, BIOGEN is now a wholly-owned subsidiary of SEHB. 2. INFORMATION ON BIOGEN BIOGEN was incorporated in Malaysia on 5 October 2006 and its principal activities are designing, developing, producing and trading of pilot plant for biolubricant projects and industrial lubricants. The issued and paid-up capital of BIOGEN is Ringgit Malaysia Two million (RM2,000,000) divided into Two million (2,000,000) ordinary shares of RM1.00 each fully paid up. 3. FINANCIAL EFFECTS The acquisition of BIOGEN is not expected to have a material effect on the net assets per share, earnings per share, and gearing of SEHB for the financial year ending (“FYE”) 31 December 2013. There is no impact on the issued and paid-up share capital and substantial shareholders’ shareholdings in the Company for the year ending 31 December 2013 as the acquisition is a cash transaction, funded by internally generated funds and that there are no liabilities including contingent liabilities and guarantees to be assumed by the Company arising from the above acquisition.
Mr Lim Yong Hew, Mr Pu Meng Jin and Ms Lim Chiou Kim are the directors of BIOGEN. Mr Lim Yong Hew and Miss Lim Chiou Kim are also Directors of SEHB while Mr Lim Yong Hew is also a substantial shareholder of SEHB None of the other Directors, substantial shareholders of SEHB and persons connected with them, has any direct or indirect interest in the above acquisition. 5. PERCENTAGE RATIO OF THE ACQUISITION The percentage ratio of the Acquisition is 7.26%
The rationale for the acquisition is for potential future profit contribution to SEHB by BIOGEN. The Board has considered the rationale for the acquisition and is of the view that the above acquisition is in the best interest of SEHB. 7. EFFECTS OF THE ACQUISITION 7.1 Share capital and substantial shareholders’ shareholdings The acquisition will not have any effect on the share capital and substantial shareholders’ shareholdings of the Company. 7.2 Net Asset (“NA”) and gearing For illustrative purposes only, based on the unaudited consolidated statement of financial position of SEHB as at 30 September 2013 and on the assumption that the acquisition had been effected on that date, Unaudited as at 30 September 2013 After acquisition RM’000 RM’000 Share Capital 18,556 18,556 Reserves 3,296 3,251 Merger Reserves 2,403 2,403 Shareholders’ funds/NA 24,255 24,210 =========== =========== No. of ordinary shares of RM0.10 each in SEHB (“SEHB shares”) in issue (‘000) 185,556 185,556 NA per SEHB Share (RM) 0.1337 0.1312 Total borrowings (RM’000) 1,299 1,299 Gearing (times) 5% 5%
7.3 Earnings and earnings per share (“EPS”) The acquisition will not have any material effect on the earnings and EPS of the SEHB Group for the FYE 31 December 2013 and 2014 as the acquisition is completed in the fourth quarter of 2013.
| |
ETITECH - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | ETI TECH CORPORATION BERHAD |
| Stock Name | ETITECH |
| Date Announced | 2 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131202-F69CC |
| Type | Announcement | ||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||
| Description | Notification of dealings by a Principal Officer in the securities of ETI Tech Corporation Berhad ("ETITECH" or "the Company") outside closed period. | ||||||||||||
Pursuant to paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Lee Kah Kheng, a Principal Officer of ETITECH had transacted dealings in the securities of ETITECH outside closed period. The details as set out in the Table below. Name of Principal Officer : Lee Kah Kheng Direct Interest
This announcement is dated 02 December 2013. | |||||||||||||
ETITECH - MATERIAL LITIGATION
| Company Name | ETI TECH CORPORATION BERHAD |
| Stock Name | ETITECH |
| Date Announced | 2 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131202-FBD32 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | ETI TECH CORPORATION BERHAD (“Etitech” or “the Company”) Writ of Summon (Writ) and Statement of Claim filed by Malayan Banking Berhad (“MBB” or “the Plaintiff”) VS 1) ETI Tech (M) Sdn Bhd (“1st Defendant) 2) the Company (2nd Defendant) |
We refer to our earlier announcements on 18 April 2013, 18 October 2013 and 30 October 2013. The Board of Etitech wishes to inform that the hearing which was fixed on 10 December 2013 has now been postponed to 21 January 2014. This announcement is dated 02 December 2013. | |
PRIVA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | PRIVASIA TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | PRIVA |
| Date Announced | 2 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131129-57187 |
| Type | Announcement | ||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||
| Description | Pursuant to Paragraph 14.09(a) of ACE Marketing Listing Requirements of Bursa Malaysia Securities Berhad, Mr. Andre Anthony A/L Hubert Rene, the Deputy Chief Executive Director/Executive Director of Privasia Technology Berhad ("PTB"), has notified on the changes of his respective interests in the securities of PTB as set out in the table below:- | ||||||||||||
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PRIVA - Changes in Director's Interest (S135) - ANDRE ANTHONY A/L HUBERT RENE
| Company Name | PRIVASIA TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | PRIVA |
| Date Announced | 2 Dec 2013 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-131129-55844 |
Information Compiled By KLSE
Particulars of Director
| Name | ANDRE ANTHONY A/L HUBERT RENE |
| Address | 16, JALAN DUTA U1/12, GLENHILL SEKSYEN U1, 40150 SHAH ALAM, SELANGOR DARUL EHSAN. |
| Descriptions(Class & nominal value) | ORDINARY SHARES OF RM0.10 EACH |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 360,000 | 0.085 |
| Circumstances by reason of which change has occurred | DISPOSAL AT OPEN MARKET |
| Nature of interest | DIRECT INTEREST |
| Consideration (if any) | DISPOSED ON 17/10/2013-RM30,600.00 |
Total no of securities after change | |
| Direct (units) | 11,228,700 |
| Direct (%) | 2.01 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 28/11/2013 |
TFP - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):COMBINATION OF NEW ISSUE OF SECURITIES
| Company Name | TFP SOLUTIONS BERHAD (ACE Market) |
| Stock Name | TFP |
| Date Announced | 2 Dec 2013 |
| Category | General Announcement |
| Reference No | OS-131202-60597 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) COMBINATION OF NEW ISSUE OF SECURITIES |
| Description | TFP SOLUTIONS BERHAD (“TFP” OR THE “COMPANY”) • PROPOSED FREE WARRANTS ISSUE; • PROPOSED PRIVATE PLACEMENT; • PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND • PROPOSED AMENDMENT (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
We refer to the announcement dated 29 November 2013 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
On behalf of the Board, TA Securities wishes to announce that the application for the admission of the Free Warrants to the Official List of the ACE Market of Bursa Securities and the listing of and quotation for the Free Warrants, Placement Shares and the new TFP Shares to be issued pursuant to the exercise of the Free Warrants on the ACE Market of Bursa Securities has been submitted to Bursa Securities on 2 December 2013.
This announcement is dated 2 December 2013. | |
IDMENSN - Change in Audit Committee
| Company Name | IDIMENSION CONSOLIDATED BHD (ACE Market) |
| Stock Name | IDMENSN |
| Date Announced | 2 Dec 2013 |
| Category | Change in Audit Committee |
| Reference No | CM-131126-20FD1 |
| Admission Sponsor | RHB Investment Bank Bhd |
| Sponsor | Same as above |
| Date of change | 29/11/2013 |
| Name | ERIC LIM KHENG JOO |
| Age | 46 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Chairman of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | Bachelors of Business (Accounting, Swinburne University of Technology, Melbourne, Australia. |
| Working experience and occupation | He started his career in the field of auditing with Deloitte Touche Tohmatsu in Melbourne, Australia from 1996 to 1999. In 1999, he joined Globalwood Industries Sdn. Bhd. as Financial Controller and left the Company in 2001. Mr. Lim had a long career with Autron Corporation Ltd. (“Autron) which was listed on the main board of the Singapore Stock Exchange and Australia. He joined Autron in 2001 as Internal Audit Manager and was progressively promoted up to the position of Financial Controller before being subsequently promoted to the position of Finance Director in 2004. in 2006, he was appointed as Autron’s Group Chief Executive Offier. During his tenure with Autron, he led Autron in transforming its business in the SMT (surface mount technology) capital equipment business to the electronic manufacturing services business for the mobile and television sector in multiple manufacturing locations. Mr. Lim left Autron in 2010 and return the Malaysia to start his own business in the field of F&B assets. Mr. Lim has leadership experience in managing and driving a main board listed company, is exposed to various industries and has substantial experience in finance, business turnaround and restructuring. |
| Directorship of public companies (if any) | N/A |
| Family relationship with any director and/or major shareholder of the listed issuer | N/A |
| Any conflict of interests that he/she has with the listed issuer | N/A |
| Details of any interest in the securities of the listed issuer or its subsidiaries | N/A |
| Composition of Audit Committee (Name and Directorate of members after change) | Chairman : Eric Lim Kheng Joo (Independent Non-Executive Director) Member : Datu Dr Michael Dosim Ak Lunjew (Independent Non-Executive Director) Member : Collin Goonting A/L O.S.Goonting (Independent Non-Executive Director) |
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