December 3, 2013

Company announcements: REDTONE, ASIAEP, INIX, IDMENSN, SUMATEC

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

Announcement Type: General Announcement
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced3 Dec 2013  
CategoryGeneral Announcement
Reference NoCK-131202-61140

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionREDtone International Berhad - Divestment in REDtone Mobile Sdn Bhd

Pursuant to Rule 10.05 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of REDtone International Berhad (“REDtone”) wishes to announce that the Company had on 3 December 2013 disposed the remaining 35% shareholding held in its associate, REDtone Mobile Sdn Bhd (“RMSB”) to Theo Networks Sdn. Bhd. for a cash consideration of RM5 million only (“Disposal”).

The Company had earlier on 3 January 2012 announced its divestment of its 65% shareholding in RMSB.

Details of the Disposal

REDtone had on 3 December 2013 entered into a Share Sale Agreement for the disposal of the remaining 35% shareholding in RMSB to Theo Networks Sdn. Bhd. for a cash consideration of RM5 million only (“Disposal”). Upon the completion of the Disposal, REDtone will cease to have any interest in RMSB.

Information of RMSB

RMSB was incorporated in Malaysia on 20 June 2003 as a private limited company under the Companies Act, 1965. The authorised share capital of RMSB is RM1,000,000 comprising 1,000,000 ordinary shares of RM1 each, of which 850,000 ordinary shares of RM1.00 each are issued and fully paid-up. The principal activity of RMSB is operating a mobile virtual network and research, design, develop and commercialise the VOIP customer premise equipment.

Information of Theo Networks Sdn. Bhd.

Theo Networks Sdn. Bhd. (Company No. 1069380-H), a company incorporated in Malaysia and having its registered address at B-2-7, Block B, Megan Avenue 1, 189, Jalan Tun Razak, 50400 Kuala Lumpur. The principal activity of Theo Networks Sdn Bhd is of investment holding.

Basis of arriving at the Disposal consideration

The consideration is based on a premium over Net Tangible Assets and revenue multiples of RMSB.

Rationale for the Disposal

The Disposal will enable the Group to focus on its core business offerings as service provider for the total solutions in business communication and telecommunication, data and broadband solutions to the corporate/SME/government segments as well as the management and building of Wi-Fi networks.

Effects of the Disposal

The Disposal will not have any effect on the issued and paid-up share capital of the Company as well as the shareholdings of the substantial shareholders of the Company.

The Disposal is expected to generate RM5 million for REDtone Group for the financial year ending 31 May 2014. It is however not expected to have a material effect on the net assets and gearing of the Company and its Group of Companies for the financial year ending 31 May 2014.

Directors’ and Major Shareholders’ Interests

None of the Directors and/or major shareholders of RIB and/or persons connected with them has any interest, direct or indirect, in the Disposal.

Directors’ Statement

The Board of Directors of REDtone having considered all aspects of the Disposal is of the opinion that the Disposal is in the best interest of the REDtone Group.

Approval Required

The Disposal is not subject to the approval of REDtone’s shareholders.

The highest percentage ratio pursuant to Rule 10.02(g) of the ACE Market Listing Requirements of Bursa Securities for the Disposal is 4.7% of Net Assets based on the latest Audited Financial Statements of REDtone as at 31 May 2013.

This announcement is dated 3 December 2013.



ASIAEP - PRACTICE NOTE 17 / GUIDANCE NOTE 3:REGULARISATION PLAN

Announcement Type: General Announcement
Company NameASIAEP RESOURCES BERHAD (ACE Market) 
Stock Name ASIAEP  
Date Announced3 Dec 2013  
CategoryGeneral Announcement
Reference NoMI-131203-61952

Regularisation SponsorKAF Investment Bank Berhad
SponsorSame as above
TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
DescriptionasiaEP RESOURCES BERHAD (“asiaEP” OR “COMPANY”) AND ITS SUBSIDIARY COMPANIES ("asiaEP GROUP" OR "GROUP")

(1) PROPOSED CAPITAL REDUCTION;
(2) PROPOSED CONSOLIDATION;
(3) PROPOSED ACQUISITION OF GFM;
(4) PROPOSED ACQUISITION OF GFMS;
(5) PROPOSED SHARE EXCHANGE;
(6) PROPOSED CANCELLATION OF WARRANTS B IN EXCHANGE FOR WARRANTS A;
(7) PROPOSED EXEMPTION;
(8) PROPOSED OFFER FOR SALE;
(9) PROPOSED PRIVATE PLACEMENT;
(10) PROPOSED TRANSFER OF LISTING STATUS; AND
(11) PROPOSED CANCELLATION OF ESOS.

(THE PROPOSALS ABOVE ARE TO BE COLLECTIVELY REFERRED TO AS “PROPOSED REGULARISATION PLAN”)

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those in the Requisite Announcement as announced on 30 April 2013.

Reference is made to the Requisite Announcement and announcements made by KAF Investment on behalf of the Board of asiaEP, on 30 April 2013, 2 May 2013, 13 May 2013, 2 July 2013, 11 July 2013, 30 July 2013 and 4 October 2013 respectively, in relation to the Proposed Regularisation Plan.

On behalf of the Board of asiaEP, KAF Investment wishes to announce that in accordance with the Code, the Board of asiaEP has appointed TA Securities Holdings Berhad as the Independent Adviser to advise the non-interested directors and non-interested shareholders of asiaEP in respect of the Proposed Exemption.

This announcement is dated 3 December 2013.



INIX - Notice of Interest Sub. S-hldr (29A) - Goh Boon Soo @ Goh Yang Eng

Announcement Type: Notice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Company NameINIX TECHNOLOGIES HOLDINGS BERHAD (ACE Market) 
Stock Name INIX  
Date Announced3 Dec 2013  
CategoryNotice of Interest of Substantial Shareholder Pursuant to Form 29A of the Companies Act. 1965
Reference NoCC-131203-60193

Particulars of Substantial Securities Holder

NameGoh Boon Soo @ Goh Yang Eng
AddressNo. 25, Lorong Maarof Satu
Bangsar Park
59000 Kuala Lumpur
Wilayah Persekutuan
NRIC/Passport No/Company No.400609-04-5157
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderGoh Boon Soo @ Goh Yang Eng
No. 25, Lorong Maarof Satu
Bangsar Park
59000 Kuala Lumpur
Wilayah Persekutuan

Date interest acquired & no of securities acquired

CurrencyMalaysian Ringgit (MYR)
Date interest acquired30/10/2013
No of securities12,644,500
Circumstances by reason of which Securities Holder has interestPrivate Placement
Nature of interestDirect Interest
Price Transacted ($$)

Total no of securities after change

Direct (units)14,702,500 
Direct (%)10.75 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice03/12/2013


IDMENSN - OTHERS iDIMENSION CONSOLIDATED BHD ("iDIMENSION" OR THE "COMPANY") VARIATION TO THE UTILISATION OF PROCEEDS RAISED FROM THE PUBLIC ISSUE PURSUANT TO THE INITIAL PUBLIC OFFERING ("IPO")

Announcement Type: General Announcement
Company NameIDIMENSION CONSOLIDATED BHD (ACE Market) 
Stock Name IDMENSN  
Date Announced3 Dec 2013  
CategoryGeneral Announcement
Reference NoCM-131129-A46AA

Admission SponsorRHB Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptioniDIMENSION CONSOLIDATED BHD ("iDIMENSION" OR THE "COMPANY")

VARIATION TO THE UTILISATION OF PROCEEDS RAISED FROM THE PUBLIC ISSUE PURSUANT TO THE INITIAL PUBLIC OFFERING ("IPO")

We refer to the proposed utilisation of proceeds raised from the public issue as disclosed in the prospectus of iDimension dated 25 October 2011 ("Prospectus") that was issued in relation with the listing of iDimension on the ACE Market of Bursa Malaysia Securities Berhad on 11 November 2011.

The Board of Directors of iDimension ("Board") wishes to announce that it had on 3 December 2013 resolved to vary the utilisation of RM2.00 million of the balance of proceeds of RM4.17 million earmarked for research and development ("R&D") expenditure of the Company and its subsidiaries ("Group") ("Balance Proceeds") to working capital of the Group. This is in view that the Company's R&D expenditures have been funded by internally generated funds and the variation to the utilisation of the Balance Proceeds to working capital of the Group is expected to improve the cash flows of the Group.

The Board is of the opinion that the variation to the utilisation of the Balance Proceeds is in the best interest of the Company.

The details on the current status of the utilisation of proceeds are set out in the attachment.

This announcement is dated 3 December 2013.



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

Announcement Type: General Announcement
Company NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC  
Date Announced3 Dec 2013  
CategoryGeneral Announcement
Reference NoCC-131203-3FF8C

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionNotification of dealing by Director in the securities of Sumatec Resources Berhad ("Sumatec" or "the Company")outside closed period.

 

Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, En Wan Kamaruddin Bin Dato’ Biji @ Wan Abdullah, the Executive Vice Chairman of the Company had transacted in the securities of the Company, outside closed period as per table below:-

 

Date of Dealing

Type of Securities

No. of securities Disposed

Percentage
of securities Disposed

Price of securities Disposed

Total no of securities held after Disposal

Percentage of securities held after Disposal

Transaction

29/11/2013

Warrants

B 2013/2018

4,250,000

0.75%

RM0.251

99,859,871

17.59%

Disposal via open market - Deemed interest by virtue of his substantial shareholding in Tekad Mulia Sdn Bhd

02/12/2013

Warrants

B 2013/2018

90,000

0.02%

RM0.245

99,769,871

17.57%

Disposal via open market - Deemed interest by virtue of his substantial shareholding in Tekad Mulia Sdn Bhd

 

This announcement is dated 3 December 2013

 

 



SUMATEC - Changes in Director's Interest (S135) - CHAN YOK PENG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC  
Date Announced3 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-131203-3FF7D

Information Compiled By KLSE

Particulars of Director

NameCHAN YOK PENG
AddressNo. 10, Jalan Bidai U8/23, Taman Bukit Jelutong, 40150 Shah Alam, Selangor Darul Ehsan.
Descriptions(Class & nominal value)WARRANTS B 2013/2018

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
29/11/2013
4,250,000
0.251 
Disposed
02/12/2013
90,000
0.245 

Circumstances by reason of which change has occurredDisposal via open market
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)99,769,871 
Indirect/deemed interest (%)17.57 
Date of notice03/12/2013

Remarks :
Deemed interest by virtue of of his substantial shareholding in Tekad Mulia Sdn Bhd


SUMATEC - Changes in Director's Interest (S135) - WAN KAMARUDDIN BIN DATO' BIJI SURA @ WAN ABDULLAH

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC  
Date Announced3 Dec 2013  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-131203-3FF7C

Information Compiled By KLSE

Particulars of Director

NameWAN KAMARUDDIN BIN DATO' BIJI SURA @ WAN ABDULLAH
Address11, Medan Athinahapan 2, Taman Tun Dr. Ismail, 60000 Kuala Lumpur.
Descriptions(Class & nominal value)WARRANTS B 2013/2018

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
29/11/2013
4,250,000
0.251 
Disposed
02/12/2013
90,000
0.245 

Circumstances by reason of which change has occurredDisposal via open market
Nature of interestIndirect
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units)99,769,871 
Indirect/deemed interest (%)17.57 
Date of notice03/12/2013


SUMATEC - Changes in Sub. S-hldr's Int. (29B) - WAN KAMARUDDIN BIN DATO' BIJI SURA @ WAN ABDULLAH

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC  
Date Announced3 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131203-3FF7F

Particulars of substantial Securities Holder

NameWAN KAMARUDDIN BIN DATO' BIJI SURA @ WAN ABDULLAH
Address11 MEDAN ATHINAHAPAN 2 TAMAN TUN DR ISMAIL 60000 KUALA LUMPUR
NRIC/Passport No/Company No.560831-11-5083
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)WARRANTS B 2013/2018
Name & address of registered holderTEKAD MULIA SDN BHD
24A (Room 1) Jalan 21/19 Sea Park 46300 Petaling Jaya Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed29/11/2013
4,250,000
0.251 
Disposed02/12/2013
90,000
0.245 

Circumstances by reason of which change has occurredDisposal via open market
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)99,769,871 
Indirect/deemed interest (%)17.57 
Total no of securities after change99,769,871
Date of notice03/12/2013

Remarks :
Deemed interest by virtue of his substantial shareholding in Tekad Mulia Sdn Bhd


SUMATEC - Changes in Sub. S-hldr's Int. (29B) - TEKAD MULIA SDN BHD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC  
Date Announced3 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131203-3FF80

Particulars of substantial Securities Holder

NameTEKAD MULIA SDN BHD
Address24A (Room 1) Jalan 21/19 Sea Park 46300 Petaling Jaya Selangor Darul Ehsan
NRIC/Passport No/Company No.529296 D
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)WARRANTS B 2013/2018
Name & address of registered holderTEKAD MULIA SDN BHD
24A (Room 1) Jalan 21/19 Sea Park 46300 Petaling Jaya Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed29/11/2013
4,250,000
0.251 
Disposed02/12/2013
90,000
0.245 

Circumstances by reason of which change has occurredDisposal via open market
Nature of interestDirect
Direct (units)99,769,871 
Direct (%)17.57 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change99,769,871
Date of notice03/12/2013


SUMATEC - Changes in Sub. S-hldr's Int. (29B) - CHAN YOK PENG

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSUMATEC RESOURCES BERHAD  
Stock Name SUMATEC  
Date Announced3 Dec 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCC-131203-3FF81

Particulars of substantial Securities Holder

NameCHAN YOK PENG
AddressNo. 10, Jalan Bidai U8/23, Taman Bukit Jelutong, 40150 Shah Alam, Selangor Darul Ehsan.
NRIC/Passport No/Company No.520810-02-5429
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)WARRANTS B 2013/2018
Name & address of registered holderTEKAD MULIA SDN BHD
24A (Room 1) Jalan 21/19 Sea Park 46300 Petaling Jaya Selangor Darul Ehsan

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed29/11/2013
4,250,000
0.251 
Disposed02/12/2013
90,000
0.245 

Circumstances by reason of which change has occurredDisposal via open market
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)99,769,871 
Indirect/deemed interest (%)17.57 
Total no of securities after change99,769,871
Date of notice03/12/2013

Remarks :
Deemed interest by virtue of his substantial shareholding in Tekad Mulia Sdn Bhd


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