GRANFLO - Notice of Shares Buy Back - Immediate Announcement
| Company Name | GRAND-FLO BERHAD |
| Stock Name | GRANFLO |
| Date Announced | 2 Apr 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CM-140402-38D23 |
CONNECT - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
| Company Name | CONNECTCOUNTY HOLDINGS BERHAD (ACE Market) |
| Stock Name | CONNECT |
| Date Announced | 2 Apr 2014 |
| Category | General Announcement |
| Reference No | OS-140402-E1F00 |
| Type | Announcement |
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
| Description | CONNECTCOUNTY HOLDINGS BERHAD (“CONNECT” OR “THE COMPANY”) (A) PROPOSED PRIVATE PLACEMENT OF UP TO 34,358,500 NEW ORDINARY SHARES OF RM0.10 EACH IN CONNECT TO INDEPENDENT THIRD PARTY INVESTORS TO BE IDENTIFIED (“PROPOSED PRIVATE PLACEMENT”) (B) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL FROM RM25,000,000 COMPRISING 250,000,000 ORDINARY SHARES OF RM0.10 EACH TO RM50,000,000 COMPRISING 500,000,000 ORDINARY SHARES OF RM0.10 EACH (“PROPOSED IASC”) (C) PROPOSED AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF THE COMPANY FOR THE PROPOSED IASC (“PROPOSED AMENDMENT”) (COLLECTIVELY REFERRED TO AS “PROPOSALS”) |
Further
to the announcement dated 24 March 2014 in relation to the Proposals, on behalf
of the Board of Directors of CONNECT, M&A Securities Sdn Bhd wishes to
announce that the listing application in relation to the Proposed Private
Placement has been submitted to Bursa Malaysia Securities Berhad.
This
announcement is dated 2 April 2014.
| |
PRIVA - OTHERS SUBSCRIPTION OF 2,500 SHARES OF RM1.00 EACH IN HUBWIRE SDN BHD (“HSB”) FOR A PURCHASE CONSIDERATION OF RM500,000.00
| Company Name | PRIVASIA TECHNOLOGY BERHAD (ACE Market) |
| Stock Name | PRIVA |
| Date Announced | 2 Apr 2014 |
| Category | General Announcement |
| Reference No | CC-140320-67571 |
| Type | Announcement | |||||||||||||||||||||||||||||
| Subject | OTHERS | |||||||||||||||||||||||||||||
| Description | SUBSCRIPTION OF 2,500 SHARES OF RM1.00 EACH IN HUBWIRE SDN BHD (“HSB”) FOR A PURCHASE CONSIDERATION OF RM500,000.00 | |||||||||||||||||||||||||||||
1. INTRODUCTION
4. FINANCIAL INFORMATION ON HSB HSB was just incorporated on 14 November 2013. Till to-date, no audited account has been prepared. 5. PURCHASE CONSIDERATION The purchase consideration of RM500,000.00 was arrived at on a willing buyer willing seller basis after taking into consideration the future earnings potential and the future prospects of HSB. 6. SALIENT TERMS OF THE IA The purchase consideration of RM500,000.00 shall be paid into HSB within 7 days from the date of IA. HSB shall utilise the investment sum for the sole purpose of enhancing the HUBWIRE platform and other related services including activities related with marketing and development of the business of portal. 7. LIABILITIES TO BE ASSUMED BY PTB Save for the Investment and the salient terms of the IA as set out in Section 6 of this announcement, there are no other obligations and liabilities in and arising from, pursuant to or in connection with the IA to be assumed by PTB pursuant to the Investment. 8. RATIONALE FOR THE INVESTMENT This investment into HSB is well
within PTB’s strategy of venturing into the e-commerce industry in Malaysia.
The e-commerce services provided by HSB are complementary to our existing ICT
services, and effectively expands our range of services to help our clients
grow their businesses by creating and managing an impactful e-commerce
presence. This investment would be an additional earnings stream from the growing e-commerce market in Malaysia and potentially the South East Asian region. 9. PROSPECTS AND RISK FACTORS The Investment is expected to create additional opportunity for PTB Group to expand its existing business. Total retail sales in Malaysia is approximately RM182.44 billion (US$51.79 billion) with SMEs making up almost 98.5% of the 78,000 companies in Malaysia, the SME industry is poised to increase their retail sales further in physical and online retail. Almost 54% of Malaysians who have access to the Internet have visited an online retail site before (comScore Media Matrix March 2013). This trend is seen throughout Asia where the regions retail sales in 2011 totaled US$3.8 trillion (41% of the total). On a global scale, online retail sales have increased 40% in 4 years to $193 billion in 2011 in the US. Hubwire's mission is to enable brand owners and retailers to integrate their customer touch points and sales seamlessly across physical and online channels. Other than the normal market risks, PTB Group do not envisage any other major risk factors which may have any impact on the Investment. 10. EFFECTS OF THE INVESTMENT The Investment will not result in any change to the issued and paid-up share capital and the substantial shareholders' shareholdings in PTB as the investment does not involve any issuance of shares. The Investment is not expected to have any material impact on the consolidated earnings and earnings per share of PTB for the financial year ending 31 December 2014. The Investment is not expected to have any material effect on the consolidated net assets per share and gearing of PTB for the financial year ending 31 December 2014. 11. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS Mr. Asgari Bin Mohd Fuad Stephens is common director in PTB and HSB, and an indirect shareholder of HSB. Save for the above, none of the Directors and/or major shareholders of the Company or any person connected to them have any interest, whether direct or indirect, in the Investment. Accordingly, Mr. Asgari Bin Mohd Fuad Stephens, being the common directors in PTB and HSB has abstained from any deliberations and voting at the Board meeting of PTB pertaining to the Investment. 12. APPROVAL REQUIRED The Investment is a related party transaction under Paragraph 10.08 of Chapter 10 of ACE Market Listing Requirement of Bursa Malaysia Securities Berhad. However, where PTB is concerned, the Investment does not require the approval of the shareholders of PTB pursuant to paragraph 10.02(g) of the ACE Market Listing Requirement as the highest percentage ratio applicable to the Investment is 0.70% based on the purchase consideration of RM500,000.00 compared with the audited net assets of PTB as at 31 December 2012 of RM70,971,720. 13. TOTAL AMOUNT TRANSACTED WITH THE SAME RELATED PARTY FOR THE PRECEDING 12 MONTHS Save for this Investment, there were no other transactions entered into between PTB Group and Mr. Asgari Bin Mohd Fuad Stephens for preceding 12 months prior to the date of this announcement. 14. AUDIT COMMITTEE'S STATEMENT Having considered the relevant aspects of the Investment, including the rationale, basis of arriving at the purchase consideration, salient terms of the IA, prospects and risk factors and effects of the Investment, the Audit Committee of the Company is of the view that the transaction is in the best interest of the Company, is fair, reasonable and on normal commercial terms, and is not detrimental to the interest of the non-interested shareholders of the Company. 15. DIRECTORS' RECOMMENDATION Save for Mr. Asgari Bin Mohd Fuad Stephens, the Board having considered the relevant aspects of the Investment, including the rationale, basis of arriving at the purchase consideration, salient terms of the IA, prospect and risk factors and effects of the Investment, is of the opinion that the Investment is fair, reasonable and on normal commercial terms and is in the best interest of the Company and is not detriment to the interest of the non-interested shareholders of the Company. 16. ESTIMATED TIME FRAME FOR COMPLETION Barring unforeseen circumstances and subject to the approval of all relevant parties, the Board envisages that the Investment will be completed within 30 days from the date of the IA. 17. DOCUMENTS FOR INSPECTION A copy of the IA will be made available for inspection at the Registered Office of PTB at No. 13A, Jalan SS21/56B, Damansara Utama, 47400 Petaling Jaya, Selangor Darul Ehsan during normal business hours from Monday to Friday (except public holiday) for a period of three (3) months from the date of the announcement. This announcement is dated 2nd April 2014. | ||||||||||||||||||||||||||||||
SCN - Change of Address
| Company Name | SCAN ASSOCIATES BERHAD (ACE Market) |
| Stock Name | SCN |
| Date Announced | 2 Apr 2014 |
| Category | Change of Address |
| Reference No | CC-140402-54471 |
SCN - Change of Registrar
| Company Name | SCAN ASSOCIATES BERHAD (ACE Market) |
| Stock Name | SCN |
| Date Announced | 2 Apr 2014 |
| Category | Change of Registrar |
| Reference No | CC-140402-55034 |
| Old registrar | Symphony Share Registrars Sdn Bhd |
| New registrar | ShareWorks Sdn Bhd |
| Address | No. 2-1, Jalan Sri Hartamas 8 Sri Hartamas 50480 Kuala Lumpur Wilayah Persekutuan (KL) |
| Telephone No | 03-62011120 |
| Facsimile No | 03-62013121 |
| Effective date | 02/04/2014 |
SCN - Change Of Company Secretary
| Company Name | SCAN ASSOCIATES BERHAD (ACE Market) |
| Stock Name | SCN |
| Date Announced | 2 Apr 2014 |
| Category | Change Of Company Secretary |
| Reference No | CC-140402-54361 |
| Date of change | 02/04/2014 |
| Type of change | Resignation |
| Designation | Joint Secretary |
| License no. | MAICSA 7044946 |
| Name | Soo Shiow Fang |
| Working experience and occupation during past 5 years |
KGB - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
| Company Name | KELINGTON GROUP BERHAD |
| Stock Name | KGB |
| Date Announced | 2 Apr 2014 |
| Category | General Announcement |
| Reference No | CA-140402-667EB |
| Type | Announcement | ||||||||||||||||||||||||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||||||||||||||||
| Description | NOTIFICATION OF DEALINGS IN THE COMPANY’S SECURITIES OUTSIDE CLOSED PERIOD BY DIRECTORS/ PRINCIPAL OFFICERS PURSUANT TO PARAGRAPH 14.09 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) | ||||||||||||||||||||||||||||||||
Pursuant to Paragraph 14.09 of the Main Market Listing Requirement of Bursa Securities, the Company wishes to announce the following dealing in securities of the Company by the following Directors and Principal Officers arising from the exercise of Employees’ Share Option Scheme (“ESOS”) in the Company:-
* Based on the total number of options granted under ESOS of 11,028,600 and not exercised prior to 28 March 2014 This announcement is dated 2 April 2014.
| |||||||||||||||||||||||||||||||||
SMARTAG - Proposed Change of Company Name
| Company Name | SMARTAG SOLUTIONS BERHAD (ACE Market) |
| Stock Name | SMARTAG |
| Date Announced | 2 Apr 2014 |
| Category | Proposed Change of Company Name |
| Reference No | CC-140401-38664 |
| Proposed company name | SMTRACK BERHAD |
| Remarks : |
| The Company is proposing to change its name from "Smartag Solutions Berhad" to "SMTrack Berhad" (“Proposed Change of Name”). The Proposed Change of Name will be subject to the approval of the shareholders of the Company at the forthcoming extraordinary general meeting and a circular to shareholders with details of the Proposed Change of Name will be issued to the shareholders in due course. The new name "SMTrack Berhad" had been reserved by the Companies Commission of Malaysia for the Company. The Proposed Change of Name, if approved by the shareholders, will take effect from the date of issuance of the Certificate of Incorporation on Change of Name of Company (Form 13) by the Companies Commission of Malaysia. This announcement is dated 2 April 2014. |
PASUKGB - GENERAL MEETINGS: OUTCOME OF MEETING
| Company Name | PASUKHAS GROUP BERHAD (ACE Market) |
| Stock Name | PASUKGB |
| Date Announced | 2 Apr 2014 |
| Category | General Meetings |
| Reference No | CA-140402-51453 |
| Admission Sponsor | M&A Securities Sdn Bhd |
| Sponsor | Same as above |
| Type of Meeting | EGM |
| Indicator | Outcome of Meeting |
| Date of Meeting | 02/04/2014 |
| Time | 10:30 AM |
| Venue | Wisma Modal Khas, Lot 5815-A, Jalan Mawar, Taman Bukit Serdang, Seksyen 9, 43300 Seri Kembangan, Selangor Darul Ehsan |
| Outcome of Meeting | PROPOSED DIVERSIFICATION OF THE BUSINESS OF PASUKHAS INTO CIVIL ENGINEERING AND CONSTRUCTION BUSINESS SEGMENT AND NOTICE OF EXTRAORDINARY GENERAL MEETING ("PROPOSED DIVERSIFICATION") The Board of Directors of Pasukhas Group Berhad ("the Company") is pleased to announce that the ordinary resolution as set out in the Notice of Extraordinary General Meeting ("EGM") dated 18 March 2014 in relation to the Proposed Diversification has been duly passed by the shareholders of the Company at the EGM held today. This announcement is dated 2 April 2014. |
MAYBANK - Additional Listing Announcement
| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 2 Apr 2014 |
| Category | Additional Listing Announcement (ALA) |
| Reference No | MB-140402-59791 |
1. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | ESOS |
| No. of shares issued under this corporate proposal | 66,400 |
| 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 | |
| Units | 8,868,031,690 |
| Currency | MYR 8,868,031,690.000 |
| Listing Date | 04/04/2014 |
2. Details of Corporate Proposal | |
| Whether the corporate proposal involves the issuance of new type and new class of securities? | No |
| Types of corporate proposal | ESOS |
| Details of corporate proposal | ESOS |
| No. of shares issued under this corporate proposal | 4,200 |
| 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 | |
| Units | 8,868,035,890 |
| Currency | MYR 8,868,035,890.000 |
| Listing Date | 04/04/2014 |
No comments:
Post a Comment