IRIS - MEMORANDUM OF UNDERSTANDING
| Company Name | IRIS CORPORATION BERHAD (ACE Market) |
| Stock Name | IRIS |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | IC-140303-63417 |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | MEMORANDUM OF UNDERSTANDING BETWEEN IRIS CORPORATION BERHAD (“ICB” or “COMPANY”) AND THE CPC HANDAN MUNICIPAL COMMITTEE OF THE PEOPLE’S REPUBLIC OF CHINA (“PRC”) DATED 28TH FEBRUARY, 2014 |
MEMORANDUM OF UNDERSTANDING BETWEEN IRIS CORPORATION BERHAD (“ICB” or “COMPANY”) AND THE CPC HANDAN MUNICIPAL COMMITTEE OF THE PEOPLE’S REPUBLIC OF CHINA (“PRC”) DATED 28TH FEBRUARY, 2014 1. INTRODUCTION The Board of Directors of ICB (“the Board”) wishes to announce that the Company has on 28th February 2014 entered into a Memorandum of Understanding (“MOU”) with the CPC HANDAN MUNICIPAL COMMITTEE OF THE PEOPLE’S REPUBLIC OF CHINA (“HANDAN Municipality”) for the replication and implementation of the Rimbunan Kaseh Project, an agro-economy integrated farming prototype in the city of Handan, PRC.
The Rimbunan Kaseh Project which consist of an integrated agro-economy farming prototype has been successfully implemented by the Company in several states in Malaysia and provides food security and housing using the IRIS-Koto Integrated Building System. It is about making rural space sustainable and this prototype will be replicated and transferred to the Handan Municipality.
This MOU will lead both parties to agree on the details of sustainable projects to be decided and implemented beginning 2014.
2. BACKGROUND OF THE MOU Handan is located in the south of Hebei province, neighboring with Taihang Mountain to the west and crossing North plain to the east. Bordering with Shanxi, Shandong and Henan three provinces, it governs one city, four districts and 14 counties, and is a famous national historical and cultural city. The Municipality is a prefecture-level municipality and is subject to the jurisdiction of a provincial government, and directly controls some urban districts while overseeing some counties or smaller cities on behalf of the provincial government.
The Deputy Secretary General of Handan People’s Government, the Honourable Mr Liu Hong Ying visited the Company and was keen for IRIS to replicate the Rimbunan Kaseh Project in Handan and believed that it would benefit the city.
3. SALIENT TERMS OF THE MOU Under this MOU the Company agrees and commits to replicate the successful implementation of the Rimbunan Kaseh Project in Handan and will make its best endeavor and ride on the best practices to provide its expertise and skill towards the success of the Project there. This MOU will be in force for a period of six (6) months from the date of execution and shall expire automatically subject to Parties entering into an extension or entering into a definitive agreement for the Project whichever the sooner.
4. RATIONALE OF THE MOU Both the Company and the Handan Municipality have reached the following understanding for their respective mutual benefit towards cultivating and ensuring the growth of a productive, healthy and economically sustainable society in the city of Handan . 6. RISK FACTORS The Board of Directors of ICB are of the view that the risks factors involved in this MOU at this juncture is minimal and in the event the Company enters into a definitive agreement for the implementation of the Rimbunan Kaseh in Handan, PRC, it will continue to exercise due care in considering the risks and benefits associated and will take appropriate measures in planning the successful implementation of the MOU with its current business operations. 7. FINANCIAL EFFECTS ON THE MOU Barring any unforeseen circumstances, the Board is of the opinion that the successful implementation of this MOU will contribute positively to the earnings of the ICB Group in the future. 8. APPROVALS REQUIRED The MOU does not require the approval of ICB shareholders or any relevant government authorities. 9. DIRECTORS’ AND MAJOR SHAREHOLDER’S INTERESTS To this date hereof none of the directors, major shareholders, and persons connected with directors or major shareholders of the Company or any of its subsidiaries have any interest, direct or indirect, in the MOU. 10. STATEMENT BY DIRECTORS The Board of Directors of ICB, having considered all aspects of the MOU is of the opinion that the MOU is in the best interest of the ICB Group. This announcement is dated 3rd March, 2014. | |
SYMPHNY - Notice of Shares Buy Back by a Company pursuant to Form 28A
| Company Name | SYMPHONY HOUSE BHD |
| Stock Name | SYMPHNY |
| Date Announced | 3 Mar 2014 |
| Category | Notice of Shares Buy Back by a Company Pursuant to Form 28A |
| Reference No | CC-140228-71666 |
DVM - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
| Company Name | DVM TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | DVM |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | OS-140303-45110 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | DVM TECHNOLOGY BERHAD (“DVM” OR THE “COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DVM (EXCLUDING TREASURY SHARES, IF ANY) (“PROPOSED PRIVATE PLACEMENT”) |
Reference is made to the Company’s announcement on 25 February 2014 in relation to the Proposed Private Placement (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
On behalf of the Board, TA Securities wishes to provide additional information to the Announcement as set out in the attachment. This announcement is dated 3 March 2014. | |
MEXTER - MATERIAL LITIGATION
| Company Name | MEXTER TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | MEXTER |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | CA-140303-62345 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | MEXTER TECHNOLOGY BERHAD (“MEXTER” OR “COMPANY”) • CIVIL SUIT IN THE PENANG HIGH COURT (CIVIL SUIT NO. MT1-22-527-2007) AGAINST TAN KIM BOON, TAN KIM KHENG, LO MOOI LEE, ANG CHAI KHEE, OTTUS SDN BHD AND OUNG LAY CHOON (HEREINAFTER REFERRED TO AS THE “DEFENDANTS”) |
Further to the
Company’s announcement made on 14 February 2014, the Board of Directors of
Mexter (“Board”) wishes to update that the hearing fixed on 6
March 2014 for decision is vacated. The Court has further fixed 10
March 2014 as the new date for decision before the Judge.
This announcement is dated 3 March
2014. | |
KEYWEST - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
| Company Name | KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (ACE Market) |
| Stock Name | KEYWEST |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | CC-140303-98AE4 |
| Regularisation Sponsor | AmInvestment Bank Bhd |
| Sponsor | Same as above |
| Type | Announcement |
| Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT |
| Description | KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (“Company”) ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE (“GN”) 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR ACE MARKET (“ACE LR”) (“MONTHLY ANNOUNCEMENT”) |
Reference is made to the Company's Monthly Announcement dated 4 February 2014 for the month of February 2014. The Company has via its Regularisation Sponsor, AmInvestment Bank Berhad ("AmInvestment Bank"), submitted its regularisation plan to Bursa Malaysia Securities Berhad ("Bursa Securities") on 23 May 2013. On 10 December 2013, AmInvestment Bank had on behalf of the Company, announced that Bursa Securities had via its letter dated 10 December 2013 approved the Company's regularisation plan. The Board of Directors wishes to announce that an Extraordinary General Meeting ("EGM") of the Company will be held at Balai TAR, Royal Commonwealth Society, No.4, Jalan Birah, Damansara Heights, 50490 Kuala Lumpur on Wednesday, 26 March 2014 at 9.00 a.m., in relation to the regularisation plan. Please refer to the Company’s announcement of even date for further details on the EGM. Save as disclosed above, there are no further developments to the Company's regularisation plan. Any further developments to the regularisation plan concerned shall be announced accordingly. This announcement is dated 3 March 2014. | |
KEYWEST - GENERAL MEETINGS: NOTICE OF MEETING
| Company Name | KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD (ACE Market) |
| Stock Name | KEYWEST |
| Date Announced | 3 Mar 2014 |
| Category | General Meetings |
| Reference No | CC-140303-42208 |
| Regularisation Sponsor | AmInvestment Bank Bhd |
| Sponsor | Same as above |
| Type of Meeting | EGM |
| Indicator | Notice of Meeting |
| Description | KEY WEST GLOBAL TELECOMMUNICATIONS BERHAD - NOTICE OF EXTRAORDINARY GENERAL MEETING |
| Date of Meeting | 26/03/2014 |
| Time | 09:00 AM |
| Venue | Balai TAR, Royal Commonwealth Society No. 4, Jalan Birah Damansara Heights 50490 Kuala Lumpur |
| Date of General Meeting Record of Depositors | 20/03/2014 |
FOCUS - OTHERS FOCUS DYNAMICS TECHNOLOGIES BERHAD (“FOCUS” OR “COMPANY”) • PROPOSED RIGHTS ISSUE WITH WARRANTS; • PROPOSED DIVERSIFICATION; • PROPOSED ESOS; • PROPOSED IASC; AND • PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS “PROPOSALS”)
| Company Name | FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market) |
| Stock Name | FOCUS |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | OS-140303-61691 |
| Type | Announcement |
| Subject | OTHERS |
| Description | FOCUS DYNAMICS TECHNOLOGIES BERHAD (“FOCUS” OR “COMPANY”) • PROPOSED RIGHTS ISSUE WITH WARRANTS; • PROPOSED DIVERSIFICATION; • PROPOSED ESOS; • PROPOSED IASC; AND • PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS “PROPOSALS”) |
On behalf of the Board of Directors of the Company, M&A Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following: (a) Proposed renounceable rights issue of up to 449,143,740 new ordinary shares of RM0.10 each in Focus (“Rights Shares”) together with up to 299,429,160 free detachable warrants (“Warrants”) at an issue price of RM0.10 per Rights Share on the basis of three (3) Rights Shares for every three (3) existing ordinary shares of RM0.10 each held in Focus (“Focus Shares” or “Shares”) together with two (2) Warrants for every three (3) Rights Shares subscribed at an entitlement date to be determined later; (b) Proposed diversification of the business of Focus into the food and beverage business; (c) Proposed establishment and implementation of an employees’ share option scheme for eligible employees and directors of Focus and its subsidiaries; (d) Proposed increase in the authorised share capital of the Company from RM100,000,000 comprising 1,000,000,000 Focus Shares to RM250,000,000 comprising 2,500,000,000 Focus Shares (“Proposed IASC”); and (e) Proposed amendments to the Memorandum and Articles of Association of the Company for the Proposed IASC. Kindly refer to the attachment for more information on the Proposals. This announcement is dated 3 March 2014. | |
FRONTKN - Notice of Shares Buy Back - Immediate Announcement
| Company Name | FRONTKEN CORPORATION BERHAD |
| Stock Name | FRONTKN |
| Date Announced | 3 Mar 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CC-140303-36799 |
EAH - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):BONUS ISSUES
| Company Name | EA HOLDINGS BERHAD (ACE Market) |
| Stock Name | EAH |
| Date Announced | 3 Mar 2014 |
| Category | General Announcement |
| Reference No | MI-140303-42734 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES |
| Description | EA HOLDINGS BERHAD ("EAH" OR THE "COMPANY") BONUS ISSUE OF 94,483,666 WARRANTS IN EAH ("WARRANT(S) B") ON THE BASIS OF TWO (2) FREE WARRANTS B FOR EVERY NINE (9) EXISTING ORDINARY SHARES OF RM0.10 EACH IN EAH ("EAH SHARE(S)" OR "SHARE(S)") HELD AS AT 5.00 P.M. ON 24 FEBRUARY 2014 AT AN EXERCISE PRICE OF RM0.18 PER WARRANT B ("BONUS ISSUE OF WARRANTS") |
Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Bonus Issue of Warrants. We refer to the earlier announcements dated 25 November 2013, 13 December 2013, 30 December 2013, 10 February 2014 and 27 February 2014 in relation to the Bonus Issue of Warrants. On behalf of the Board of Directors of EAH, RHB Investment Bank Berhad is pleased to announce that the 94,483,666 Warrants B issued pursuant to the Bonus Issue of Warrants were listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m., Monday, 3 March 2014, marking the completion of the Bonus Issue of Warrants. This announcement is dated 3 March 2014. | |
SMARTAG - GENERAL MEETINGS: NOTICE OF MEETING
| Company Name | SMARTAG SOLUTIONS BERHAD (ACE Market) |
| Stock Name | SMARTAG |
| Date Announced | 3 Mar 2014 |
| Category | General Meetings |
| Reference No | CC-140226-79917 |
| Admission Sponsor | Kenanga Investment Bank Bhd |
| Sponsor | Same as above |
| Type of Meeting | AGM |
| Indicator | Notice of Meeting |
| Description | Notice of the Ninth Annual General Meeting |
| Date of Meeting | 27/03/2014 |
| Time | 02:30 PM |
| Venue | Hotel Bangi - Putrajaya Off Persiaran Bandar 43650 Bandar Baru Bangi Selangor Darul Ehsan Malaysia |
| Date of General Meeting Record of Depositors | 20/03/2014 |
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