March 11, 2014

Company announcements: INFOTEC, MAA, DELEUM, SHANG, GOLSTA, RCECAP, BRAHIMS, BRIGHT

INFOTEC - OTHERS INFORTECH ALLIANCE BERHAD (“IAB” or “the Company”) - Entry into a joint venture agreement between Infortech Software Sdn. Bhd., a wholly-owned subsidiary of IAB, and SWT International Sdn. Bhd. to undertake the development, management, operation and implementation of medical waste treatment in Malaysia

Announcement Type: General Announcement
Company NameINFORTECH ALLIANCE BERHAD (ACE Market) 
Stock Name INFOTEC  
Date Announced11 Mar 2014  
CategoryGeneral Announcement
Reference NoCS-140310-38531

Admission SponsorTA Securities Holdings Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionINFORTECH ALLIANCE BERHAD (“IAB” or “the Company”)
- Entry into a joint venture agreement between Infortech Software Sdn. Bhd., a wholly-owned subsidiary of IAB, and SWT International Sdn. Bhd. to undertake the development, management, operation and implementation of medical waste treatment in Malaysia

1. INTRODUCTION

The Board of Directors of IAB (“Board”) wishes to announce that its wholly-owned subsidiary, Infortech Software Sdn. Bhd. (“ISSB”), had on 11 March 2014 entered into a joint venture agreement (“JVA”) with SWT International Sdn. Bhd. (“SWTSB”) for the purpose of undertaking the development, management, operation and implementation of medical waste treatment in Malaysia (“the Treatment”), and for the purposes of the necessary transfer of technology in the area of the Treatment and to develop the necessary expertise surrounding the Treatment, a joint venture company (“JVC”) would be formed.

2. DETAILS OF THE JOINT VENTURE

2.1 Information on ISSB and SWTSB

2.1.1 ISSB

ISSB was incorporated in Malaysia on 22 October 1990 under the Companies Act, 1965 (“the Act”) as a private limited company and having its registered address at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan, and place of business at Unit A-32-06, Three Two Square, 2, Jalan 19/1, 46300 Petaling Jaya, Selangor Darul Ehsan.

It has an authorised share capital of RM1,000,000.00 comprising 1,000,000 ordinary shares of RM1.00 each and an issued and paid-up share capital of RM1,000,000.00 comprising 1,000,000 ordinary shares of RM1.00 each.

ISSB is involved in the business of software development and providing marketing support, system integration and network solutions. However, its current operations are minimal and with the entry into the JVA, it is intended for ISSB to diversify into the Treatment.

2.1.2 SWTSB

SWTSB was incorporated in Malaysia on 16 March 2010 under the Act as a private limited company and having its registered address at No. 29-2, Jalan 46A/26, Taman Sri Rampai, 53300 Kuala Lumpur, Wilayah Persekutuan, and place of business at Suite B-23-1, Level 1, Jaya One, No. 72A, Jalan Universiti, 46200 Petaling Jaya, Selangor Darul Ehsan.

It has an authorised share capital of RM5,000,000.00 comprising 5,000,000 ordinary shares of RM1.00 each and an issued and paid-up share capital of RM3,500,000.00 comprising 3,500,000 ordinary shares of RM1.00 each.

SWTSB is engaged in planning, research and development, management, consultation, project contracting, supply and operation of incinerators to process solid, industrial and medical waste in an economic manner while producing steam for power generation and heating.

2.2 Salient terms of the JVA

The salient terms and conditions of the JVA are as follows:-

2.2.1 The JVA is conditional upon the following conditions precedents being fulfilled or obtained on or before the expiry of the period of 180 days from the date of the JVA or such later date as the parties shall mutually agree in writing (“Approval Period”):-

(i) the results of the financial, technical and legal due diligence audits of each parties (i.e., ISSB and SWTSB referred to as “Party”, individually) is being acceptable and satisfactory to the other Party;

(ii) each Party shall within the Approval Period present to the other Party original copies of approvals from the authorities to conduct the Treatment;

(iii) each Party shall within the Approval Period present to the other Party all licenses granted by the relevant authorities in relation to the conduct of the Treatment;

(iv) ISSB shall within the Approval Period procure all approvals from the relevant authorities necessary for the incorporation of the JVC;

(v) SWTSB shall within the Approval Period present to ISSB the full technical specifications, characteristics and method statement for the “Pyrolysis Treatment Technology” including the hardware and software for the advanced computer frequency conversion control adopted in the system;

(vi) the approval of the shareholders and/or board of directors of SWTSB and ISSB to enter into the JVA; and

(vii) incorporation of the JVC.

2.2.2 Upon the execution of the JVA and no later than the date of the expiry of the Approval Period, the Parties shall procure the formation of the JVC to the intent and effect that the shareholding in the JVC shall be as follows:-

Name of shareholder

Number of ordinary shares of RM1.00 each in the JVC

Percentage (%) of equity interest held in the JVC

SWTSB

49,000

49

ISSB

51,000

51

Total

100,000

100

2.2.3 Breakdown of total capital and investment outlay in the joint venture is as follows:-

Upon the entry into the JVA, the initial investment outlay in the formation of the JVC is RM51,000.00 being ISSB’s 51% equity interest in the JVC. IAB is unable to determine the actual total investment outlay in the joint venture at this juncture and its preliminary estimates are as follows:-

Item

Estimated amount

Estimated total incidental expenses in relation to preliminary financial, technical and legal due diligence audits

Not more than RM50,000.00

Initial investment outlay in the formation of the JVC

RM51,000.00

Total

Not more than RM101,000.00

2.2.4 Source(s) of funds for financing the investment in the JVC and the breakdown are as follows:-

The above-mentioned preliminary estimates as set out in Section 2.2.3 of this announcement shall be funded by way of internally-generated funds of IAB and its subsidiaries (collectively referred to as “IAB Group” or “Group”).

3. RATIONALE FOR THE JOINT VENTURE

IAB had on 10 December 2013 completed the acquisition of Jaring Metal Industries Sdn. Bhd. (“JMI”) and this has enabled the IAB Group to diversify into a new profitable business namely that of JMI’s. JMI is a one-stop total waste management (“TWM”) solution provider with a complete range of facilities to its suppliers. JMI is able to offer both partial recovery services (i.e., sorting and dismantling) as well as full recovery services (i.e., sorting, dismantling and refining of scheduled waste). While its core competence lies in scheduled waste, JMI is also able to recycle other scheduled and non-scheduled wastes such as acid, alkaline, sludge, metal, wood, plastic and to handle domestic waste.

The entry into the JVA is expected to be synergistic as it would enable the IAB Group to expand its TWM solution services to include the Treatment segment via the JVC. While the Treatment is a relatively new segment for the Group, the JVA would enable the necessary transfer of technology in this segment and to develop the necessary expertise surrounding the Treatment industry via the JVC.

As such, the Board expects the collaboration via the JVC will enhance the Group’s earning base and contribute positively to the Group’s earnings in the future.

The joint venture is in line with the Parties’ objectives as follows:-

(i) to undertake the Treatment;

(ii) to promote the principal activity of the JVC in the Treatment; and

(iii) to keep abreast of and if necessary, explore, acquire and exploit the latest technology and know-how relating to the “Pyrolysis Treatment Technology” or such related technology.

4. RISKS FACTORS

The IAB Group is involved in the business of providing TWM solutions thus the entry into the joint venture would, in essence, subject the Group to similar business risks that the Group is currently exposed to. Such risks include but are not limited to, changes in general economic conditions, government regulations, inability to obtain and/or loss or non-renewal of the licenses to handle certain wastes, inflation and fluctuation of material cost and labour cost.

To mitigate the above, the Group will closely monitor and address the risks involved in a timely manner based on its experience and expertise in the TWM industry. In addition, the JVC is intended to enable the necessary transfer of technology as well as the development of the necessary expertise surrounding the Treatment. This would provide the necessary guidance for the Group to mitigate and/or manage new risk(s) which could arise from the Treatment. Notwithstanding the efforts to be made, there can be no assurance that any change of the above-mentioned risks would not have certain material adverse effects on the Group’s business.

5. FINANCIAL EFFECT

The joint venture is not expected to have any material impact on the earnings, net assets per share and gearing of the Company and Group for the financial year ending 31 December 2014.

6. ESTIMATED TIME FRAME FOR COMPLETION

Barring any unforeseen circumstances, the JVC shall be formed no later than the date of the expiry of the Approval Period.

7. DIRECTORS’ RECOMMENDATION

The directors of IAB are of the opinion that the terms of the JVA are fair and reasonable and that the entry in to the joint venture is in the best interests of the Company.

8. DIRECTORS AND MAJOR SHAREHOLDERS' INTERESTS

None of the directors and/or major shareholders of the Company has any interest, direct or indirect in the joint venture.

9. APPROVAL REQUIRED

The JVA is not subject to the approval of the shareholders of IAB and/or any regulatory authorities.

10. DOCUMENTS FOR INSPECTION

The JVA is available for inspection during normal business hours from Mondays to Fridays (except public holidays) at the registered office of ISSB at Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan for a period of three (3) months from the date of this announcement.

This announcement is dated 11 March 2014.




MAA - PRACTICE NOTE 17 / GUIDANCE NOTE 3:OTHERS

Announcement Type: General Announcement
Company NameMAA GROUP BERHAD  
Stock Name MAA  
Date Announced11 Mar 2014  
CategoryGeneral Announcement
Reference NoCM-140311-66763

TypeAnnouncement
SubjectPRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
DescriptionMAA GROUP BERHAD ("MAAG" OR "THE COMPANY")

APPLICATION FOR AN EXTENSION OF TIME TO COMPLY WITH PARAGRAPH 8.04(3) AND PRACTICE NOTE 17 (“PN17”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("LISTING REQUIREMENTS")
We refer to the Company’s announcement dated 29 November 2013 (“Announcement”) in relation to the application for an extension of time to comply with Paragraph 8.04(3) and PN17 of the Listing Requirements (“Application”).
Further to the Announcement, the Board of Directors of MAAG (“Board”) wishes to announce that Bursa Malaysia has, vide its letter dated 11 March 2014, granted an extension of time of up to 31 July 2014 for MAAG to submit a regularisation plan to Bursa Securities (“Extension of Time”).
Bursa Securities has decided to grant the Extension of Time after taking into consideration, on amongst others, the following:
      (i) The material developments in relation to MAAG’s internal restructuring in particular the internal restructuring relating to PT MAA General Assurance, Columbus Capital Pty Ltd and MAA Takaful Berhad; and
      (ii) The latest consolidated financial position of MAAG and its group of companies including its consolidated shareholders' equity and net assets, cash and cash equivalents as well as its gearing position.
MAAG is also required to provide detailed updates on the status of its internal restructuring and status of the submission of its regularisation plan to the regulatory authorities via its monthly announcements.
The Extension of Time is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of MAAG and to de-list the Company in the event:
      (i) MAAG fails to submit the regularisation plan to the regulatory authorities on or before 31 July 2014;
      (ii) MAAG fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and
      (iii) MAAG fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.
Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of MAAG on the next market day after five (5) market days from the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting.
This announcement is dated 11 March 2014.


DELEUM - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):COMBINATION OF NEW ISSUE OF SECURITIES

Announcement Type: General Announcement
Company NameDELEUM BERHAD  
Stock Name DELEUM  
Date Announced11 Mar 2014  
CategoryGeneral Announcement
Reference NoML-140311-64736

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
DescriptionDELEUM BERHAD (“DELEUM” OR THE “COMPANY”)

I. PROPOSED BONUS ISSUE;
II. PROPOSED SHARE SPLIT;
III. PROPOSED AMENDMENTS; AND
IV. PROPOSED LTIP

On behalf of the Board of Directors of Deleum (“Board”), Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that Deleum proposes to undertake the following corporate proposals:

(i) Proposed bonus issue of 50,000,000 new ordinary shares of RM1.00 each in the Company (“Deleum Shares”) (“Bonus Shares”) to be credited as fully paid-up, on the basis of 1 Bonus Share for every 3 existing Deleum Shares held, on an entitlement date to be determined (“Proposed Bonus Issue”);

(ii) Proposed share split involving the subdivision of every 1 existing Deleum Share held into 2 new ordinary shares of RM0.50 each in Deleum, on an entitlement date to be determined (“Proposed Share Split”);

(iii) Proposed amendments to the Memorandum of Association of Deleum to facilitate the Proposed Share Split (“Proposed Amendments”); and

(iv) Proposed establishment of a long term incentive plan (“LTIP”) of up to 10% of the issued and paid-up share capital of Deleum (excluding treasury shares, if any) at any point in time during the duration of the proposed LTIP for Directors of Deleum acting in an executive capacity and key employees of Deleum and its subsidiaries (“Proposed LTIP”).

(The Proposed Bonus Issue, Proposed Share Split, Proposed Amendments and Proposed LTIP are collectively referred to as the “Proposals”.)

Further details of the announcement in relation to the Proposals are set out in the attachment.

This announcement is dated 11 March 2014.



SHANG - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc ("MUFG")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameSHANGRI-LA HOTELS (MALAYSIA) BERHAD  
Stock Name SHANG  
Date Announced11 Mar 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoSH-140307-B17A9

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group, Inc ("MUFG")
Address7-1, Marunouchi 2-Chome
Chiyoda-ku
Tokyo
100-8330
Japan
NRIC/Passport No/Company No.-
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holder(1) Aberdeen Asset Management Asia Limited
21 Church Street #01-01
Capital Square Two
Singapore 049480

(2) Aberdeen Asset Management Sdn Bhd
Suite 1005, 10th Floor
Wisma Hamzah-Kwong Hing
No. 1, Leboh Ampang
50100 Kuala Lumpur

(3) Aberdeen International Fund Managers Limited
Rm 2605-06,
26/F Alexandra House
18 Chater Road
Central
Hong Kong

(4) Aberdeen Asset Management Inc.
103 Springer Building
3411 Silverside Road
Wilmington
Delaware 19810
USA

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed05/03/2014
5,200
 

Circumstances by reason of which change has occurredMUFG is deemed interested in the shares held by the Aberdeen Group by virtue of MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen Group.
Nature of interestIndirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)50,105,500 
Indirect/deemed interest (%)11.39 
Total no of securities after change50,105,500
Date of notice10/03/2014

Remarks :
The Notice was received by the Company on 11.3.2014.


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

Announcement Type: General Announcement
Company NameGOLSTA SYNERGY BERHAD  
Stock Name GOLSTA  
Date Announced11 Mar 2014  
CategoryGeneral Announcement
Reference NoGS-140311-83B8B

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionDealing by a Director

Pursuant to Paragraph 14.09(a) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements, we set out below details of the dealing in the Company's securities by a Director.

Teng Swee Eng

Ordinary shares of RM1.00 each

Date of dealingAverage disposal price per shareNo. of shares disposed% of shareholding
7 March 20143.380040,000*0.0866
10 March 20143.890012,600*0.0273

Note: * Deemed interest by virtue of shares disposed by his son, Teng Boon Joo.


This announcement is dated 11 March 2014.

 



GOLSTA - Changes in Director's Interest (S135) - TENG SWEE ENG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameGOLSTA SYNERGY BERHAD  
Stock Name GOLSTA  
Date Announced11 Mar 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoGS-140311-83B96

Information Compiled By KLSE

Particulars of Director

NameTENG SWEE ENG
AddressNo. 12, Jalan PE 16A
Taman Paya Emas Cheng
76450 Melaka
Descriptions(Class & nominal value)Ordinary shares of RM1.00 each ("Shares")

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
07/03/2014
40,000
 
Disposed
10/03/2014
12,600
 

Circumstances by reason of which change has occurredDeemed interest by virtue of the Shares disposed by his son, Teng Boon Joo.
Nature of interestDeemed interest
Consideration (if any) 

Total no of securities after change

Direct (units)688,000 
Direct (%)1.49 
Indirect/deemed interest (units)427,100 
Indirect/deemed interest (%)0.92 
Date of notice11/02/2014

Remarks :
This announcement is dated 11 March 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 Announced11 Mar 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoRC-140311-39472

Date of buy back11/03/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)300,000
Minimum price paid for each share purchased ($$)0.275
Maximum price paid for each share purchased ($$)0.285
Total consideration paid ($$)84,765.15
Number of shares purchased retained in treasury (units)300,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)15,436,400
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 (%)1.33


BRAHIMS - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameBRAHIM'S HOLDINGS BERHAD  
Stock Name BRAHIMS  
Date Announced11 Mar 2014  
CategoryGeneral Announcement
Reference NoCA-140311-56160

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionBRAHIM’S HOLDINGS BERHAD (“Company” or “BHB”)
MEMORANDUM OF UNDERSTANDING BETWEEN BHB AND DHYAFAT ALBALAD ALAMEEN CO LTD (“DHYAFA”)

1. INTRODUCTION

The Board of Directors of BHB is pleased to announce that BHB, had on 6 March 2014, entered into a Memorandum of Understanding (“MOU”) with Dhyafat Albalad Alameen Co Ltd (“Dhyafa”) to formalise their intention to collaborate and establish a joint venture company (“Project Company”) to develop food manufacturing, production and services in the city of Makkah, Saudi Arabia.

2. INFORMATION ON DHYAFA

Dhyafa is a private development company owned by the Municipality of Holy Makkah. Its role is to identify, assess and develop business opportunities with private partners to improve hospitality and tourism services in Makkah especially in the areas of Food & Beverages, Islamic Historic sites, Transportation, Information Technology & Media, Makkah Gifts and Food Safety & Hygiene.

3. SALIENT TERMS OF THE MOU

The salient terms of the MOU are as follows:

(i) that both parties will collaborate and cooperate to bring to fruition the project of setting up a food factory in Makkah to produce, sell and distribute food products to interested parties (“Food Factory”);

(ii) the Project Company shall also be open to other opportunities in trading, food services, restaurant operations, industrial catering including in-flight catering, logistics and warehouse management including cold storage, and consultancies;

(iii) Dhyafa will facilitate sourcing a suitable land area for lease on a long term basis, located within the Makkah suburb, for the construction of the Project Company. Dhyafa will be responsible for identifying available plots of land, negotiating the lease rate, and finalising the land lease process;

(iv) Dhyafa shall collect all necessary information regarding local laws and regulations required to be complied with for the intended activities from local authorities. This includes but is not limited to authoritative and/or governmental licenses, approvals, and exemptions, and any other documents necessary for the implementation of the Project Company;

(v) Dhyafa will utilise its technical expertise, local knowledge of Makkah, and provide its relational network and goodwill in order to develop the Project Company. This may include sourcing potential partner clients in the hospitality and other industries, as well as supporting the sales and distribution of the products produced by the Food Factory;

(vi) BHB shall contribute its expertise in the setting up of the Food Factory, as well as in the areas of operation management, food production and processing, food packaging and food quality management;

(vii) BHB shall utilise its reputation to attract clients from Asian pilgrims, especially Malaysian pilgrims during the Hajj and Umrah;

(viii) both Dhyafa and BHB will mutually collaborate on, including but not limited to:

(a) strategic planning – developing a detailed business plan, a detailed marketing plan, and financial forecasts;

(b) project management – land development, technical design, construction supervision;

(c) human resources – including the recruitment of management and operational staff, both locals and expatriates;

(d) starting up the factory – including commissioning of the Food Factory; and

(ix) both Dhyafa and BHB shall immediately designate one or more individuals within their respective organisations as their representative(s) responsible for communicating and performing the duties as listed in this MOU. A team to oversee the execution of the construction and development of the Project Company shall be formed at the earliest possible date.

4. RATIONALE

The objective of the MOU is to define the main conditions for the creation of the Project Company to develop food manufacturing, production and services in the city of Makkah. The MOU will allow the initiation of the required procedures and collaborative works in order for the project to commence immediately.

5. EFFECT OF THE MOU

The MOU is not expected to immediately have material effects on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of BHB for the financial year ending 31 December 2014.

6. INTEREST OF MAJOR SHAREHOLDERS AND DIRECTORS

None of the directors and/or major shareholders of BHB and/or persons connected to them have any interest, direct or indirect, in the MOU.

7. DIRECTOR’S STATEMENT

The Board of Directors of BHB, having considered the rationale and terms of the MOU, is of the opinion that the MOU is in the best interest of the Company.

8. DOCUMENTS FOR INSPECTION

A copy of the MOU is available for inspection at the registered office of the Company located at 10th Floor, Menara Hap Seng, No. 1 & 3, Jalan P. Ramlee, 50250 Kuala Lumpur during normal business hours on Mondays to Fridays (except Saturdays, Sundays and Public Holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 11 March 2014.



BRIGHT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBRIGHT PACKAGING INDUSTRY BERHAD  
Stock Name BRIGHT  
Date Announced11 Mar 2014  
CategoryChange in Boardroom
Reference NoCC-140303-66217

Date of change11/03/2014
NameAng Lay Chieng
Age41
NationalityMalaysian
DesignationExecutive Director
DirectorateExecutive
Type of changeResignation
ReasonResigned due to her personal reason
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 
Details of any interest in the securities of the listed issuer or its subsidiaries 


BRIGHT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBRIGHT PACKAGING INDUSTRY BERHAD  
Stock Name BRIGHT  
Date Announced11 Mar 2014  
CategoryChange in Boardroom
Reference NoCC-140303-64854

Date of change11/03/2014
NameYap Kok Eng
Age43
NationalityMalaysian
Type of changeAppointment
DesignationExecutive Director
DirectorateExecutive
QualificationsChartered Institute Of Marketing (CIM) 
Working experience and occupation Graduated with Chartered Institute Of Marketing (CIM), UK from Stamford College. He was the Senior Marketing Officer in a Japanese Company, Kozato Kizai (M) Sdn. Bhd. from 1991 to 1996 and gained vast experience in the air-conditioning and electronic capacitor industry.

In 1996, he joined the Company and currently hold the position of General Manager. He has overall responsibility in Sales and Marketing, Quality System and Operation of the Company. With more than 16 years working experience in the Company and extensive exposure in the tobacco/packaging industry, he is instrumental to formulating the marketing strategies and the organic growth of the Company  
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 subsidiariesNil 


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