December 18, 2013

Company announcements: PINEAPP, N2N, FRONTKN, GREENYB, KGB, FBMKLCI-EA, AMPROP, IOICORP-C2, IOICORP-CZ, IJMPLNT

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

Announcement Type: General Announcement
Company NamePINEAPPLE RESOURCES BERHAD (ACE Market) 
Stock Name PINEAPP  
Date Announced18 Dec 2013  
CategoryGeneral Announcement
Reference NoPR-131218-38208

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionPineapple Resources Berhad (“PRB” or the “Company”)
-Acquisition of 109,000 ordinary shares of RM1.00 each representing the remaining 7.84% of the issued and paid-up share capital in Pineapple Computer System Sdn Bhd, a subsidiary of PR

1. Introduction

The Board of Directors of Pineapple Resources Berhad (“PRB” or the “Company”) wishes to announce that the Company had on 18 December 2013 entered into Sale of Shares Agreement with Pua Kah Ho (“ Vendor”) for the acquisition of the remaining 7.84% of the issued and paid-up share capital of Pineapple Computer System Sdn Bhd (Company No. 361119-W) (“PCSSB”) comprising 109,000 ordinary shares of RM1.00 each from the Vendor for a total cash consideration of RM327,000.00 thereby resulting in PCSSB becoming a wholly-owned subsidiary of PRB;

(hereinafter referred to as the “Acquisition”).

2. Information on PCSSB

PCSSB was incorporated in Malaysia on 27 September 1995 under the Companies Act, 1965 as a private limited company. The authorised share capital of PCSSB is RM5,000,000.00 comprising of 5,000,000 ordinary shares of RM1.00 each, of which 1,390,000 ordinary shares were issued and paid-up. The principal activity of PCSSB is business related to the computer industry. The directors of PCSSB are Dato’ Lim Loong Heng, Siaw Hum Kiow, Yeo Pek Hiang and Lim Kean Choong.

3. Basis of arriving at the purchase consideration

The purchase consideration for the Acquisition was arrived at on a willing seller and willing purchaser basis with all rights attached thereto or accruing to them and free from all claims, charges, liens, encumbrances, options, rights of pre-emption or equities whatsoever. The Acquisition was funded by internally generated funds.

4. Rationale for the Acquisition

The Acquisition is part of PRB’s plan to streamline its Group structure. 

5. Financial Effects

The Acquisition will not have any material effect on the earnings, net assets, gearing, share capital and the shareholdings of substantial shareholder of the Company for the financial year ending 31 December 2013 and is not subject to the approval of the shareholders of the Company and any regulatory authorities.

6. Directors’ and Major Shareholders’ Interest

None of the Directors or major shareholders of the Company and/or persons connected to them has any interest, whether direct or indirect, in the Acquisition.

7. Directors’ Statement

 

The Board of Directors of the Company is of the opinion that the Acquisition is in the best interest of PRB Group.

This announcement is dated 18 December 2013




N2N - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameN2N CONNECT BERHAD (ACE Market) 
Stock Name N2N  
Date Announced18 Dec 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-131218-61412

Date of buy back18/12/2013
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)5,100
Minimum price paid for each share purchased ($$)0.490
Maximum price paid for each share purchased ($$)0.490
Total consideration paid ($$)2,499.00
Number of shares purchased retained in treasury (units)5,100
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)3,432,200
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 (%)1.1287


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

Announcement Type: General Announcement
Company NameFRONTKEN CORPORATION BERHAD  
Stock Name FRONTKN  
Date Announced18 Dec 2013  
CategoryGeneral Announcement
Reference NoCP-131218-6FC1F

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionFRONTKEN CORPORATION BERHAD ("FCB" OR "THE COMPANY")
ACQUISITION OF AN ADDITIONAL 2,031,000 SHARES OF NT$10 EACH IN ARES GREEN TECHNOLOGY CORPORATION ("AGTC") REPRESENTING 6.14% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF AGTC FOR A CASH CONSIDERATION OF NT$32,496,000 ("ACQUISITION")

The Board of Directors wishes to announce that the Company has on 18 December 2013 agreed via a series of transactions to acquire an additional 2,031,000 ordinary shares of NT$10 each representing 6.14% of the issued and paid-up share capital of AGTC for a cash consideration of NT$32,496,000, net of transaction costs (equivalent to approximately RM3,552,000.00 based on the exchange rate of NT$10 : RM1.093 on 17 December 2013) or NT$16 per share, net of transaction costs from Mr. Jorg Helmut Hohnloser, who is a director and shareholder of both FCB and AGTC.

Following the Acquisition, the combined shareholdings of FCB and its wholly-owned subsidiary, Frontken Technology Corporation, in AGTC increased from 51.65% to 57.79% of the issued and paid-up shares in AGTC.

Please refer to the attachment for details of the announcement.

This announcement is dated 18 December 2013.



GREENYB - Quarterly rpt on consolidated results for the financial period ended 31/10/2013

Announcement Type: Financial Results
Company NameGREENYIELD BERHAD  
Stock Name GREENYB  
Date Announced18 Dec 2013  
CategoryFinancial Results
Reference NoCK-131216-57186

Financial Year End31/07/2014
Quarter1
Quarterly report for the financial period ended31/10/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/10/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/10/2013
31/10/2012
31/10/2013
31/10/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
8,871
11,786
8,871
11,786
2Profit/(loss) before tax
1,078
2,333
1,078
2,333
3Profit/(loss) for the period
761
1,723
761
1,723
4Profit/(loss) attributable to ordinary equity holders of the parent
761
1,723
761
1,723
5Basic earnings/(loss) per share (Subunit)
0.23
0.52
0.23
0.52
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 ($$)
0.1620
0.1597
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


KGB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameKELINGTON GROUP BERHAD  
Stock Name KGB  
Date Announced18 Dec 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCA-131218-2640E

Date of buy back18/12/2013
Description of shares purchasedOrdinary Shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)80,100
Minimum price paid for each share purchased ($$)0.460
Maximum price paid for each share purchased ($$)0.475
Total consideration paid ($$)37,875.00
Number of shares purchased retained in treasury (units)80,100
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)1,013,900
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 (%)0.63


FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameFTSE BURSA MALAYSIA KLCI ETF  
Stock Name FBMKLCI-EA  
Date Announced18 Dec 2013  
CategoryGeneral Announcement
Reference NoFB-131218-85288

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFTSE Bursa Malaysia KLCI etf - Valuation Point as at 18 December 2013

Fund: FTSE Bursa Malaysia KLCI etf
NAV per unit (RM): 1.9045
Units in circulation (units): 1,672,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,847.50

Attachments

FBM KLCI etf 20131218.xls
21 KB



AMPROP - OTHERS AMCORP PROPERTIES BERHAD ("AMPROP") - RECEIPT OF LETTER OF OFFER TO ACQUIRE 20% EQUITY INTEREST IN KESAS HOLDINGS BERHAD (“KESAS”)

Announcement Type: General Announcement
Company NameAMCORP PROPERTIES BERHAD  
Stock Name AMPROP  
Date Announced18 Dec 2013  
CategoryGeneral Announcement
Reference NoAP-131218-5A04A

TypeAnnouncement
SubjectOTHERS
DescriptionAMCORP PROPERTIES BERHAD ("AMPROP")
- RECEIPT OF LETTER OF OFFER TO ACQUIRE 20% EQUITY INTEREST IN KESAS HOLDINGS BERHAD (“KESAS”)

We refer to our previous announcements in relation to the offer by Gamuda Berhad (“GAMUDA”) to acquire AMPROP’s 20% equity interest in KESAS (“Offer”).

AMPROP wishes to announce that its Board of Directors today has replied to GAMUDA that it has in principle accepted the Offer subject to both parties agreeing to the revision of certain terms of the Offer. The definitive agreement will be executed upon finalisation of those terms.

Further details will be announced at the appropriate time.

This announcement is dated 18 December 2013.



IOICORP-C2 - Listing Information & Profile for Structured Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
NameIOICORP-C2: CW IOI CORPORATION BERHAD (CIMB)  
Stock Name IOICORP-C2  
Date Announced18 Dec 2013  
CategoryListing Information & Profile
Reference NoMM-131218-904D4

Instrument TypeStructured Warrants
Type of Structure WarrantsCall Warrants
DescriptionEuropean Style Non-Collateralised Cash-Settled  
Underlying StockIOI Corporation Berhad
IssuerCIMB Bank Berhad
Stock Code1961C2
Stock Short NameIOICORP-C2
ISIN CodeMYL1961C2OB3
BoardStructured Warrants
SectorPLANTATION

Initial Listing Information

Listing Date11/11/2013
Term Sheet Date08/11/2013
Issue Date08/11/2013
Issue/ Ask PriceMYR 0.1500
Issue Size IndicatorUnit
Issue Size in Unit50,000,000
Maturity Date28/11/2014
Exercise/Strike/Conversion PriceMYR 5.4000
Revised Exercise/Strike/Conversion PriceMYR 4.6111 
Exercise/ Conversion Ratio4 : 1
Revised Exercise/ Conversion Ratio3.4157 : 1 
Settlement Type/ Convertible intoCash
Name and contact details of market maker
(if applicable)
CIMB Bank Berhad
c/o Equity Derivatives Group
11th Floor Commerce Square
Jalan Semantan
Damansara Heights
50490 Kuala Lumpur

Tel: 03-2084 9942
Fax: 03-2093 6098  
Circumstances under which the market maker may not be able to provide quotes
(if applicable)
Please refer to Section 5.2 of the Base Prospectus dated 6 May 2013 


IOICORP-CZ - Listing Information & Profile for Structured Warrants (Amended Announcement)

Announcement Type: Listing Information & Profile
NameIOICORP-CZ: CW IOI CORPORATION BERHAD (CIMB)  
Stock Name IOICORP-CZ  
Date Announced18 Dec 2013  
CategoryListing Information & Profile
Reference NoMM-131218-9514E

Instrument TypeStructured Warrants
Type of Structure WarrantsCall Warrants
DescriptionEuropean Style Non-Collateralised Cash-Settled  
Underlying StockIOI Corporation Berhad
IssuerCIMB Bank Berhad
Stock Code1961CZ
Stock Short NameIOICORP-CZ
ISIN CodeMYL1961CZO27
BoardStructured Warrants
SectorPLANTATION

Initial Listing Information

Listing Date28/02/2013
Term Sheet Date27/02/2013
Issue Date27/02/2013
Issue/ Ask PriceMYR 0.1500
Issue Size IndicatorUnit
Issue Size in Unit50,000,000
Maturity Date28/02/2014
Exercise/Strike/Conversion PriceMYR 4.8000
Revised Exercise/Strike/Conversion PriceMYR 4.1000 
Exercise/ Conversion Ratio3 : 1
Revised Exercise/ Conversion Ratio2.56 : 1 
Settlement Type/ Convertible intoCash
Name and contact details of market maker
(if applicable)
CIMB Bank Berhad
c/o Equity Derivatives Group
11th Floor Commerce Square
Jalan Semantan
Damansara Heights
50490 Kuala Lumpur

Tel: 03-2084 9942
Fax: 03-2093 6098  
Circumstances under which the market maker may not be able to provide quotes
(if applicable)
Please refer to Section 5.2 of the Base Prospectus dated 8 May 2012  


IJMPLNT - Change of Registrar

Announcement Type: Change of Registrar
Company NameIJM PLANTATIONS BERHAD  
Stock Name IJMPLNT  
Date Announced18 Dec 2013  
CategoryChange of Registrar
Reference NoIP-131217-57746

Old registrarIGB Corporation Berhad (Share Registration Department)
New registrarTricor Investor Services Sdn Bhd
AddressLevel 17, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
Telephone No03-2264 3883
Facsimile No03-2282 1886
Effective date01/01/2014


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