January 24, 2014

Company announcements: AAX, ASUPREM, SIGN, RCECAP, BRAHIMS, WCT

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

Announcement Type: General Announcement
Company NameAIRASIA X BERHAD  
Stock Name AAX  
Date Announced24 Jan 2014  
CategoryGeneral Announcement
Reference NoCM-140124-66995

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionAIRASIA X BERHAD (“AIRASIA X” OR “THE COMPANY”)
- JOINT VENTURE AGREEMENT OF PT. INDONESIA AIRASIA EXTRA, AN ASSOCIATED COMPANY OF AIRASIA X (“IAAX” or “JV COMPANY”)

The Board of Directors of AirAsia X (“the Board”) wishes to announce that following the approval of the Air Service Licence (“ASL”) by the Directorate General of Civil Aviation, Ministry Transportation of Republic of Indonesia (“DGCA”), the Company had on 23 January 2014 entered into a Joint Venture Agreement (“JVA” or “Transaction”) with PT Kirana Anugerah Perkasa ("PTKAP"), the shareholder of IAAX (individually referred to as “Party” and collectively referred to as “the Parties”) to govern the relationship between the Parties.

Please refer to the attachment for further details.

This announcement is dated 24 January 2014.



ASUPREM - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameASTRAL SUPREME BERHAD  
Stock Name ASUPREM  
Date Announced24 Jan 2014  
CategoryChange in Boardroom
Reference NoCS-140124-B1485

Date of change24/01/2014
NameOng Tai Chin @ Wong Tai Chin
Age62
NationalityMalaysian
Type of changeRedesignation
Previous PositionManaging Director
New PositionNon-Executive Director
DirectorateNon Independent & Non Executive
QualificationsMCE 
Working experience and occupation - extensive experience as a civil and building contractor and property developer after having been involved in the industry for over 30 yeras 
Directorship of public companies (if any)Nil 
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 subsidiariesDirect Interest - 17,130,000 ordinary shares
- 1,923,900 ICULS
- 3,860,400 Warrant B 

Remarks :
Following the above redesignation, Mr. Ong Tai Chin @ Wong Tai Chin shall be appointed as a member of the Audit Committee and Nomination Committee.


ASUPREM - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameASTRAL SUPREME BERHAD  
Stock Name ASUPREM  
Date Announced24 Jan 2014  
CategoryChange in Audit Committee
Reference NoCS-140124-B1A4C

Date of change24/01/2014
NameOng Tai Chin @ Wong Tai Chin
Age62
NationalityMalaysian
Type of changeAppointment
DesignationMember of Audit Committee
DirectorateNon Independent & Non Executive
QualificationsMCE 
Working experience and occupation - extensive experience as a civil and building contractor and property developer after having been involved in the industry for over 30 yeras 
Directorship of public companies (if any)Nil 
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 subsidiariesDirect Interest - 17,130,000 ordinary shares
- 1,923,900 ICULS
- 3,860,400 Warrant B 
Composition of Audit Committee (Name and Directorate of members after change)Mr. Yap Chi Keong (Member)
Encik Edlin Bin Ghazaly (Member)
Mr. Ong Tai Chin @ Wong Tai Chin (Member)


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

Announcement Type: General Announcement
Company NameASTRAL SUPREME BERHAD  
Stock Name ASUPREM  
Date Announced24 Jan 2014  
CategoryGeneral Announcement
Reference NoCS-140124-C1C36

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionASTRAL SUPREME BERHAD ("ASTRAL" or "THE COMPANY")
- DEALINGS IN SECURITIES OF ASTRAL OUTSIDE CLOSED PERIOD PURSUANT TO PARAGRAPH 14.09 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
In accordance with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Mr Ong Tai Chin @ Wong Tai Chin, a Director of the Company, has given notice of his dealing in the shares of ASTRAL outside closed period, details of which is as set out in the table below:-
Mr. Ong Tai Chin @ Wong Tai Chin
Date of TransactionPrice Per
Securities
No. of Securities Acquired/
(Disposed)
Percentage (%)Consideration
(RM)
ORDINARY SHARES22/01/2014RM0.16(20,000,000)6.933,200,000
This announcement is dated 24 January 2014.


SIGN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameSIGNATURE INTERNATIONAL BERHAD  
Stock Name SIGN  
Date Announced24 Jan 2014  
CategoryGeneral Announcement
Reference NoCC-140124-61257

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionSignature International Berhad (“SIGN”or the “Company”)
ID Industries Sdn Bhd (“ID Industries”) and Wong Jee Jong (collectively known as the “Plaintiffs”) vs Signature Cabinet Sdn Bhd (“Signature Cabinet”), Tan Kee Choong and Chooi Yoey Sun (collectively known as the “Defendants”)
On 29 October 2013, the Plaintiffs had filed a statement of claim against the Defendants at the High Court of Malaya at Shah Alam (“High Court”) to seek, among others, a declaration that the termination of the dealership agreement dated 2 July 2007 between Signature Cabinet, a wholly-owned subsidiary of SIGN, and ID Industries (“Dealership Agreement”) via a termination notice dated 3 October 2013 issued by Signature Cabinet is wrongful, which is claimed together with general damages (“Statement of Claim”). The termination notice was issued in accordance with clause 17.3 of the Dealership Agreement, wherein each party to the agreement is entitled to terminate the Dealership Agreement by giving 3 months’ notice in writing. The Plaintiffs alleged that the termination of the Dealership Agreement between Signature Cabinet and ID Industries was unreasonable, wrong and not bona fide as it allegedly breached a collateral agreement and the fiduciary duties of the Defendants to the Plaintiffs as “co-venturer”. Further, the Plaintiffs are also seeking compensation of RM10,041,815 (being the amount of rent, renovation cost, utilities and insurance for setting up of showrooms) under the alleged terms of a collateral agreement and other costs to be assessed.
On 28 November 2013, a statement of defence had been filed at the High Court by the Plaintiffs and subsequently, case management before the Judge has been fixed for 7 February 2014.

The Board of Directors of SIGN (“Board”), having considered the legal advice from the solicitors handling the matter for them presently, is of the opinion that Signature Cabinet has more than a fair chance against such claims. Accordingly, the Board is of the opinion that no provision is required to be made for such claims.

This announcement is dated 24 January 2014.


RCECAP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameRCE CAPITAL BERHAD  
Stock Name RCECAP  
Date Announced24 Jan 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140124-473ED

Date of buy back24/01/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)75,000
Minimum price paid for each share purchased ($$)0.285
Maximum price paid for each share purchased ($$)0.285
Total consideration paid ($$)21,531.67
Number of shares purchased retained in treasury (units)75,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)13,099,300
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 (%)1.13


BRAHIMS - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBRAHIM'S HOLDINGS BERHAD  
Stock Name BRAHIMS  
Date Announced24 Jan 2014  
CategoryChange in Boardroom
Reference NoCA-140121-70188

Date of change01/02/2014
NameMohamed Zamry Bin Mohamed Hashim
Age58
NationalityMalaysian
Type of changeRedesignation
Previous PositionExecutive Director
New PositionManaging Director
DirectorateExecutive
Qualifications 
Working experience and occupation  
Directorship of public companies (if any) 
Family relationship with any director and/or major shareholder of the listed issuer 
Any conflict of interests that he/she has with the listed issuer 
Details of any interest in the securities of the listed issuer or its subsidiaries 


BRAHIMS - Change in Principal Officer

Announcement Type: Change in Principal Officer
Company NameBRAHIM'S HOLDINGS BERHAD  
Stock Name BRAHIMS  
Date Announced24 Jan 2014  
CategoryChange in Principal Officer
Reference NoCA-140121-67713

Date of change31/01/2014
NameGoh Kee Kuang
Age58
NationalityMalaysian
DesignationChief Executive Officer
Type of changeResignation
ReasonCompletion of service contract of Mr Goh Kee Kuang with the Company
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
Qualifications
Working experience and occupation
Directorship of public companies (if any)
Family relationship with any director and/or major shareholder of the listed issuer
Any conflict of interests that he/she has with the listed issuer or its subsidiaries
Details of any interest in the securities of the listed issuer or its subsidiaries


BRAHIMS - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBRAHIM'S HOLDINGS BERHAD  
Stock Name BRAHIMS  
Date Announced24 Jan 2014  
CategoryChange in Boardroom
Reference NoCA-140121-70378

Date of change01/02/2014
NameAhmad Fahimi Bin Ibrahim
Age30
NationalityMalaysian
Type of changeAppointment
DesignationAlternate Director
DirectorateExecutive
Qualifications1) Masters Degree in Business Administration, Majoring in Finance

2) Bachelors Degree in Creative Multimedia, Majoring in Film & Animation 
Working experience and occupation He is a Group Executive Officer at Dewina Holdings Sdn Bhd. A fluent speaker of English and Malay Language, he also has basic understanding of Japanese Language and culture. With the group of companies’ business interests in Japan expanding rapidly, further training will be done to improve communication skills to ensure smoother business dealings.  
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerYoungest son of the Chairman and Major Shareholder of the Company, Datuk Ibrahim Bin Haji Ahmad 
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 

Remarks :
Ahmad Fahimi Bin Ibrahim will be appointed as the Alternate Director to Mohamed Zamry Bin Mohamed Hashim with effect from 1 February 2014.


WCT - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameWCT HOLDINGS BERHAD  
Stock Name WCT  
Date Announced24 Jan 2014  
CategoryGeneral Meetings
Reference NoWW-140123-65213

Type of MeetingEGM
IndicatorNotice of Meeting
DescriptionNotice of Extraordinary General Meeting
Date of Meeting11/02/2014
Time10:00 AM
VenueNo. 12, Jalan Majistret U1/26, Seksyen U1, Lot 44, Hicom-Glenmarie Industrial Park, 40150 Shah Alam, Selangor Darul Ehsan
Date of General Meeting Record of Depositors30/01/2014


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