January 20, 2014

Company announcements: IRIS, INARI, MAYBANK, PBBANK, BURSA, CMSB, BJCORP, MISC

IRIS - OTHERS SUBSCRIPTION BY IRIS LAND SDN BHD (“ILSB”) OF RIGHTS ISSUE IN JR DEVELOPMENT (SI) CO LTD (“JRD”) OF A TOTAL AMOUNT OF 10,408 ORDINARY SHARES REPRESENTING 51% OF THE ENLARGED ISSUED CAPITAL OF JRD FOR A TOTAL CONSIDERATION OF SOLOMON ISLAND DOLLARS SIX MILLION (SBD6,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM2,696,872)ONLY

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced20 Jan 2014  
CategoryGeneral Announcement
Reference NoIC-140120-60341

TypeAnnouncement
SubjectOTHERS
DescriptionSUBSCRIPTION BY IRIS LAND SDN BHD (“ILSB”) OF RIGHTS ISSUE IN JR DEVELOPMENT (SI) CO LTD (“JRD”) OF A TOTAL AMOUNT OF 10,408 ORDINARY SHARES REPRESENTING 51% OF THE ENLARGED ISSUED CAPITAL OF JRD FOR A TOTAL CONSIDERATION OF SOLOMON ISLAND DOLLARS SIX MILLION (SBD6,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM2,696,872)ONLY

 

SUBSCRIPTION BY IRIS LAND SDN BHD (“ILSB”) OF RIGHTS ISSUE IN JR DEVELOPMENT (SI) CO LTD (“JRD”) OF A TOTAL AMOUNT OF 10,408 ORDINARY SHARES REPRESENTING 51% OF THE ENLARGED ISSUED CAPITAL OF JRD FOR A TOTAL CONSIDERATION OF SOLOMON ISLAND DOLLARS SIX MILLION (SBD6,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM2,696,872)

________________________________________________________________________________________________________________________

 

1.  INTRODUCTION

The Board of Directors of IRIS Corporation Berhad (“ICB” or “the Company”) wishes to inform that JR DEVELOPMENT (SI) CO LTD (“JRD”) had on 13th January 2014 made an offer to ICB’s subsidiary, IRIS LAND SDN BHD (“ILSB”) to subscribe the Rights Issue of 10,408 shares representing 51% of the enlarged Issued Capital of JRD for a total consideration of Solomon Island Dollars Six Million (SBD6,000.000) equivalent to Ringgit Malaysia Two Million Six Hundred Ninety Six Eight Hundred Seventy Two (RM2,969,872) only [calculated at the rate of RM1: SBD2.2248] (“the Subscription”) . ILSB after considerable deliberation accepted the offer via letter dated 17th January, 2014 (“Letter of Acceptance”) subject to and conditional upon terms and conditions set out therein.

 

2. SALIENT TERMS OF LETTER OF ACCEPTANCE

The salient terms of the Subscription are:-

  1. that ILSB will provide a working capital funding of up till RM25million at any point of time;

  2. that ILSB and/or its related companies under the ICB Group will have the exclusive right to plan, design, construct, project manage and market the proposed development of 100 hectares of land in Solomon Island;

  3. that JRD will execute a Deed of Assignment with the legal owners (its holding company)  of the 100 hectares of land and hold all rights and title to facilitate the Project.

 

3.  INFORMATION ON JR DEVELOPMENT (SI) CO LIMITED

JR DEVELOPMENT (SI) CO LIMITED [Co Reg No: 201312787] was incorporated on 23rd April 2013 under the Solomon Island Companies Act, 2009 and registered under Section 20 (1) of the Foreign Investment (Amendment & Validation) Act 2009 in the Solomon Island. JRD has an issued and paid up capital of SBD10,000 for 10,000 ordinary shares.

On the completion of the Subscription, JRD shall have an issued and paid up capital of SBD10,000,000 wherein ILSB will have the legal and beneficial ownership of 10,408 shares  representing 51% equity interest and the balance ordinary shares will remain with the existing shareholders proportionately. The shareholding shall be as below:-

 

 

NO

 

SHAREHOLDERS

 

 

PERCENTAGE

 

AMOUNT OF ISSUED SHARES

1.

IRIS LAND SDN BHD

51%

 

10,408

2.

METROPOLIS MAMARA DEVELOPMENT LIMITED

20%

4,082

3.

 

JR DEVELOPMENT LIMITED

20%

4.082

4.

TRIPLE HONOURS INVESTMENT LIMITED

 

9%

1,836

 

TOTAL

100%

20,408

 

 JRD is currently dormant and its proposed business activity is to carry out manufacturing, building and construction business

 

4. RATIONALE FOR THE SUBSCRIPTION

The Subscription was a result of JRD’s invitation to ILSB to participate in a project to develop residential, commercial, retail and industrial units using the IRIS-KOTO IB system on 100 hectares of land in Mamara, Honiara, Solomon Island. (“Project”). The Subscription will enable the ICB Group to expand its construction and development business overseas to an international level.

 

5. EFFECTS OF THE SUBSCRIPTION

The Subscription will not have any material effect on the Company’s earnings per share, net assets per share, gearing, share capital and substantial shareholder’s shareholding and structure of ICB.  Following this Subscription, JRD will become the subsidiary of the ICB Group.

 

6. SOURCE OF FUND

The Subscription will be financed through internally generated funds and there are no liabilities to be assumed by the Company arising from the Subscription.

 

7. DIRECTORS AND MAJOR SHAREHOLDERS’INTEREST

None of the directors, major shareholders, and persons connected with the directors or major shareholders of ILSB or the Company or any of its other subsidiaries have any interest, direct or indirect, in the said Subscription.

 

8.  APPROVAL REQUIRED

The Subscription is not subject to the approval of the shareholders of ICB.

 

9.  DIRECTORS’ STATEMENT

Having considered all aspects of the Subscription, the Board of Directors of ICB is of the opinion that the subscription is in the best interest of the ICB Group.

 

This announcement is dated 20th January 2014.

 

 

 

 

 

 

 

 



INARI - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameINARI AMERTRON BERHAD (ACE Market) 
Stock Name INARI  
Date Announced20 Jan 2014  
CategoryGeneral Announcement
Reference NoIA-140120-35491

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionINARI AMERTRON BERHAD (FORMERLY KNOWN AS INARI BERHAD)
(“INARI” or “the Company”)
- INTENTION TO DEAL DURING CLOSED PERIOD PURSUANT TO RULE 14.08 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Rule 14.08 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Inari wishes to announce that the Company has received a notification from Mr Ho Phon Guan (“Mr Ho”), a Director of the Company, of his intention to deal in the securities of the Company during closed period pending the announcement of the Company’s 2nd quarterly results for the period ended 31 December 2013.

 

 

 

Mr Ho has confirmed that his interest in the securities of Inari as at 16 January 2014 is as follows: -

 

                     

Description of securities

 
 

Holdings of Securities

 
 

Direct

 
 

%

 
 

Indirect

 
 

%

 
 

Ordinary shares of RM0.10 each

 
 

31,650,008

 
 

6.63

 
 

Nil

 
 

Nil

 
 

Warrants (2013/2018)

 
 

1,463,000

 
 

0.87

 
 

Nil

 
 

Nil

 

This announcement is dated 20 January 2014.



INARI - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameINARI AMERTRON BERHAD (ACE Market) 
Stock Name INARI  
Date Announced20 Jan 2014  
CategoryGeneral Announcement
Reference NoIA-140120-35165

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionINARI AMERTRON BERHAD (FORMERLY KNOWN AS INARI BERHAD)
(“INARI” or “the Company”)
- INTENTION TO DEAL DURING CLOSED PERIOD PURSUANT TO RULE 14.08 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Rule 14.08 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Inari wishes to announce that the Company has received a notification from Dato’ Thong Kok Khee (“Dato’ Thong”), a Director of the Company, of his intention to deal in the securities of the Company during closed period pending the announcement of the Company’s 2nd quarterly results for the period ended 31 December 2013.

   

Dato’ Thong has confirmed that his interest in the securities of Inari as at 16 January 2014 is as follows: -

                          

Description of securities

 
 

Holdings of Securities

 
 

Direct

 
 

%

 
 

Indirect #

 
 

%

 
 

Ordinary shares of RM0.10 each

 
 

625,000

 
 

0.13

 
 

165,861,824

 
 

34.75

 
 

Warrants (2013/2018)

 
 

-

 
 

-

 
 

28,957,948

 
 

17.18

 
 

  

# Deemed interested by virtue of his daughter’s interest in the Company and his substantial shareholding in Insas Berhad and Immobillaire Holdings Pte Ltd pursuant to Section 134 and Section 6A of the Companies Act, 1965.

This announcement is dated 20 January 2014.

 


INARI - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameINARI AMERTRON BERHAD (ACE Market) 
Stock Name INARI  
Date Announced20 Jan 2014  
CategoryGeneral Announcement
Reference NoIA-140120-34953

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionINARI AMERTRON BERHAD (FORMERLY KNOWN AS INARI BERHAD)
(“INARI” or “the Company”)
- INTENTION TO DEAL DURING CLOSED PERIOD PURSUANT TO RULE 14.08 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Rule 14.08 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Inari wishes to announce that the Company has received a notification from Ms Thong Mei Chuen (Ms Thong), an Alternate Director to Dato’ Thong Kok Khee, of her intention to deal in the securities of the Company during closed period pending the announcement of the Company’s 2nd quarterly results for the period ended 31 December 2013.

 

Ms Thong has confirmed that her interest in the securities of Inari as at 16 January 2014 is as follows: -

                      

Description of securities

 
 

Holdings of Securities

 
 

Direct

 
 

%

 
 

Indirect #

 
 

%

 
 

Ordinary shares of RM0.10 each

 
 

72,500

 
 

0.02

 
 

166,414,324

 
 

34.87

 
 

Warrants (2013/2018)

 
 

162,500

 
 

0.10

 
 

28,795,448

 
 

17.08

 

# Deemed interested by virtue of his father's interest in the Company and his substantial interest in Insas Berhad pursuant to Section 134 of the Companies Act, 1965.

This announcement is dated 20 January 2014.

 



MAYBANK - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced20 Jan 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoMB-140120-57955

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal6,300
Issue price per share ($$)MYR 8.750
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units8,862,905,281
CurrencyMYR 8,862,905,281.000
Listing Date22/01/2014

2. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal1,600
Issue price per share ($$)MYR 8.820
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units8,862,906,881
CurrencyMYR 8,862,906,881.000
Listing Date22/01/2014


PBBANK - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePUBLIC BANK BERHAD  
Stock Name PBBANK  
Date Announced20 Jan 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPB-140120-812B1

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF Act 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired13/01/2014
1,219,400
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units)507,268,481 
Direct (%)14.48 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change507,268,481
Date of notice13/01/2014

Remarks :
The percentage of EPF's direct interests in Public Bank Berhad (PBB) shares of 14.48% is computed based on the total number of PBB shares in issue excluding a total of 29,800,704 PBB shares bought-back by PBB and retained as treasury shares as at 20 January 2014.

Received EPF Form 29B dated 13 January 2014 on 20 January 2014.


BURSA - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBURSA MALAYSIA BERHAD  
Stock Name BURSA  
Date Announced20 Jan 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBM-140120-91C07

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM0.50 each
Name & address of registered holder1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
Level 42, Menara Citibank
165, Jalan Ampang
50450 Kuala Lumpur

2. Employees Provident Fund (EPF) Board
Tingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed13/01/2014
225,500
 

Circumstances by reason of which change has occurredDisposed in open market
Nature of interestDirect
Direct (units)225,500 
Direct (%)0.04 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change41,862,794
Date of notice20/01/2014

Remarks :
41,862,794 ordinary shares of RM0.50 each represented 7.86% shareholding in Bursa Malaysia Berhad ("Bursa"):-

(a) 40,362,794 Bursa shares are held under nominees account with Citigroup Nominees (Tempatan) Sdn Bhd ("CNT") in Account No. 1; and

(b) 1,500,000 Bursa shares are held directly by EPF Board in Account No. 2.

This announcement is made based on Form 29B dated 15 January 2014 which was submitted by CNT to Bursa on 20 January 2014.


CMSB - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameCAHYA MATA SARAWAK BERHAD  
Stock Name CMSB  
Date Announced20 Jan 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-140120-9DBAC

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM 1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd - 10,216,900 shares
-Employees Provident Fund Board

Citigroup Nominees (Tempatan) Sdn Bhd - 387,600 shares
-Employees Provident FD BD (KIB)

Citigroup Nominees (Tempatan) Sdn Bhd - 1,725,000 shares
-Employees Provident FD BD (Mayban)

Citigroup Nominees (Tempatan) Sdn Bhd - 3,873,800 shares
-Employees Provident FD BD (Nomura)

Citigroup Nominees (Tempatan) Sdn Bhd - 125,000 shares
-Employees Provident FD BD (ARIM)

Citigroup Nominees (Tempatan) Sdn Bhd - 3,010,300 shares
-Employees Provident FD BD (Templeton)

Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired13/01/2014
25,000
 

Circumstances by reason of which change has occurredAcquisition

Citigroup Nominees (Tempatan) Sdn Bhd
-Employees Provident FD BD (ARIM)
Acquired of 25,000 shares
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change19,338,600
Date of notice15/01/2014

Remarks :
The Form 29B dated 15 January 2014 was received on 20 January 2014.


BJCORP - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dato' Seri Vincent Tan Chee Yioun

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBERJAYA CORPORATION BERHAD  
Stock Name BJCORP  
Date Announced20 Jan 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoBC-140120-11449

Particulars of substantial Securities Holder

NameTan Sri Dato' Seri Vincent Tan Chee Yioun
Address28 Jalan Bukit Seputeh, Seputeh Heights, Taman Seputeh, 58000 Kuala Lumpur
NRIC/Passport No/Company No.520223-01-5779
Nationality/Country of incorporationMalaysian
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderSublime Cartel Sdn Bhd, Level 12 Berjaya Times Square, No. 1 Jalan Imbi, 55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired15/01/2014
701,700
 
Acquired16/01/2014
1,298,300
 

Circumstances by reason of which change has occurredDeemed interested by virtue of his deemed interest in Sublime Cartel Sdn Bhd
- Acquired via open market.
Nature of interestDeemed interest
Direct (units)980,784,300 
Direct (%)23.26 
Indirect/deemed interest (units)988,444,632 
Indirect/deemed interest (%)23.44 
Total no of securities after change1,969,228,932
Date of notice16/01/2014

Remarks :
Deemed Interest held through:-

No. of Shares
---------------------
1) B & B Enterprise Sdn Bhd 44,949,137
2) HQZ Credit Sdn Bhd 22,089,389
3) Lengkap Bahagia Sdn Bhd 1,333
4) Nautilus Corporation Sdn Bhd 135,800
5) Hotel Resort Enterprise Sdn Bhd 599,416,995
6) Nostalgia Kiara Sdn Bhd 15,000,000
7) Desiran Unggul Sdn Bhd 951,178
8) Berjaya Assets Berhad 1,250,000
9) Sublime Cartel Sdn Bhd 105,500,000
10) Berjaya Times Square Sdn Bhd 19,875,800
11) Premier Merchandise Sdn Bhd 93,875,000
12) Superior Structure Sdn Bhd 35,100,000
13) Gemtech (M) Sdn Bhd 48,400,000
14) Berjaya Media Berhad 1,900,000
------------------------
988,444,632
===========


MISC - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMISC BERHAD  
Stock Name MISC  
Date Announced20 Jan 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMM-140120-ADAE4

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderCITIGROUP NOMINEES (TEMPATAN) SDN BHD
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed13/01/2014
2,680,000
 
Acquired13/01/2014
651,000
 

Circumstances by reason of which change has occurredDisposal of shares
Acquisition of shares
Nature of interestDirect
Direct (units)408,244,378 
Direct (%)9.15 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change408,244,378
Date of notice15/01/2014

Remarks :
Notice was received on 20 January 2014.

The total no. of direct interest of 408,244,378 shares consists of:-

(a) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Disposed 2,680,000 shares) - 401,964,378 shares;

(b) Employees Provident Fund Board - 1,500,000 shares;

(c) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (HDBS)(Aquired 651,000 shares) - 651,040 shares;

(d) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (AM INV) - 1,838,660 shares;

(e) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (KAF FM))- 1,325,000 shares; and

(f) Citigroup Nominees (Tempatan) Sdn Bhd Employees Provident FD BD (CIMB PRI)- 965,300 shares


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