April 15, 2014

Company announcements: HARISON, MEDAINC, TSRCAP, CVIEW, OSK, HYTEXIN

HARISON - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHARRISONS HOLDINGS (MALAYSIA) BERHAD  
Stock Name HARISON  
Date Announced15 Apr 2014  
CategoryGeneral Announcement
Reference NoCA-140415-60575

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHARRISONS HOLDINGS (MALAYSIA) BERHAD
- LETTER OF DEMAND FROM KASTAM DIRAJA MALAYSIA ("CUSTOMS")

Further to our announcement dated 4 April 2014, the Board wishes to announce that the Group’s profits after tax for the financial year ending 31 December 2014 will be reduced by RM31.5 million following Harrisons Sabah Sdn Bhd’s (formerly known as Harrisons Trading (Sabah) Sdn. Bhd.) amicable settlement with Customs.

The operations of the Group will not be materially impacted by the amicable settlement.

This announcement is dated 15 April 2014.



MEDAINC - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameMEDA INC. BERHAD  
Stock Name MEDAINC  
Date Announced15 Apr 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoMI-140415-65755

Date of buy back15/04/2014
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)86,000
Minimum price paid for each share purchased ($$)0.730
Maximum price paid for each share purchased ($$)0.785
Total consideration paid ($$)67,085.00
Number of shares purchased retained in treasury (units)86,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)5,764,300
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 (%)1.22


TSRCAP - OTHERS TSR CAPITAL BERHAD (“TSR” OR “THE COMPANY”) - CHANGES IN THE COMPOSITION OF THE NOMINATION AND REMUNERATION COMMITTEES OF THE COMPANY

Announcement Type: General Announcement
Company NameTSR CAPITAL BERHAD  
Stock Name TSRCAP  
Date Announced15 Apr 2014  
CategoryGeneral Announcement
Reference NoTC-140411-40744

TypeAnnouncement
SubjectOTHERS
DescriptionTSR CAPITAL BERHAD (“TSR” OR “THE COMPANY”)
- CHANGES IN THE COMPOSITION OF THE NOMINATION AND REMUNERATION COMMITTEES OF THE COMPANY

We, the Board of Directors of TSR , wish to inform that the composition of the Nomination and Remuneration Committees of the Company has been changed to as follows with immediate effect due to the resignation of Tan Sri Dato' Lim Kang Yew as the Member of the Nomination and Remuneration Committees of the Company :-

Nomination Committees :-

1.
Tan En Chong (Chairman, Independent Non-Executive Director)

2. Tan Sri Dato' Seri Mohamad Noor Bin Abdul Rahim (Member, Independent Non-Executive Director)

3. Dato' Sazmi Bin Miah (Member, Independent Non-Executive)

Remuneration Committees :-

1. Tan En Chong (Chairman, Independent Non-Executive)

2. Tan Sri Dato' Seri Mohamad Noor Bin Abdul Rahim (Member, Independent Non-Executive)

3. Dato' Sazmi Bin Miah (Member, Independent Non-Executive)


This announcement is dated 15 April 2014.


CVIEW - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameCOUNTRY VIEW BERHAD  
Stock Name CVIEW  
Date Announced15 Apr 2014  
CategoryGeneral Announcement
Reference NoCV-140415-2B0D6

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionMAHKAMAH TINGGI MALAYA DI JOHOR BAHRU DALAM NEGERI JOHOR , MALAYSIA (SUIT NO. 23NCvC-31-03/2013)

ABDUL HALIM BIN ARIS @ MD HARIS & 173 ANORS

vs

1) MEDINI ISKANDAR MALAYSIA SDN. BHD. (1st DEFENDANT)
2) MAJLIS PERBANDARAN JOHOR BAHRU TENGAH (2nd DEFENDANT)
3) COUNTRY VIEW RESOURCES SDN. BHD. (3rd DEFENDANT)

Further to the announcement dated 7 April 2014, 24 March 2014, 17 March 2014, 28 January 2014, 24 January 2014, 13 January 2014, 24 December 2013, 25 November 2013, 18 October 2013, 2 October 2013, 27 August 2013, 26 July 2013, 27 June 2013, 12 June 2013, 23 April 2013 and 5 April 2013, Country View Berhad wishes to announce that the Company was notified by its solicitors on 15 April 2014 that the case management fixed on 13 April 2014 had been adjourned by the Johor Bahru High Court upon request by Plaintiff's solicitors and this matter is now fixed for mediation on 4 May 2014 (Sunday).

Meanwhile, the Court has also fixed the following dates for continuation of trial: 18 May 2014, 19 May 2014, 23 June 2014 till 25 June 2014 and 3 August 2014.

 



OSK - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company NameOSK HOLDINGS BERHAD  
Stock Name OSK  
Date Announced15 Apr 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoCS-140414-68622

Date of buy back from02/04/2014
Date of buy back to10/04/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)11,463,000
Minimum price paid for each share purchased ($$)1.660
Maximum price paid for each share purchased ($$)1.730
Total amount paid for shares purchased ($$)19,689,560.34
The name of the stock exchange through which the shares were purchased BURSA MALAYSIA SECURITIES BERHAD
Number of shares purchased retained in treasury (units)11,463,000
Total number of shares retained in treasury (units)18,096,253
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished0
Date lodged with registrar of companies15/04/2014
Lodged by Securities Services (Holdings) Sdn. Bhd.


HYTEXIN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced15 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140415-61929

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHYTEX INTEGRATED BERHAD (“HIB” OR “THE COMPANY”)
- NOTICE OF DEMAND BY SAW KIM FOCK (“SKF”) AGAINST WOC BOUTIQUES SDN BHD (“WOC”), A WHOLLY-OWNED SUBSIDIARY OF HIB

The Board of Directors of HIB wishes to inform that WOC, a wholly-owned subsidiary of HIB, had on 11 April 2014, been served a Notice of Demand dated 10 April 2014 from SKF.

(1) Date of the presentation of the Notice of Demand and the date the Notice of Demand was served on the listed issuer, its subsidiary or major associated company.

The Notice of Demand dated 10 April 2014, was served on WOC, a wholly-owned subsidiary of HIB vide YAE, SENG WAI & PARTNERS being the solicitors for SKF on 11 April 2014.


(2) Particulars of the claim under the Notice of Demand, including the amount claimed for under the Notice of Demand and the interest rate.

The claim pursuant to the Notice of Demand is the sum of RM77,131.10 from September 2013 to December 2013 (“Amount Outstanding”).


(3) Details of the default or circumstances leading to the receipt of the Notice of Demand on the listed issuer, its subsidiary or major associated company.

The filing of the Notice of Demand is a result of WOC failing to settle the Amount Outstanding, being the unpaid and outstanding salary to SKF.


(4) Confirmation as to whether WOC is a major subsidiary.

WOC is not a major subsidiary of HIB.


(5) Total cost of investment of WOC.

The total cost of investment was RM400,000.00.


(6) Financial and operational impact of the receipt of Notice of Demand on the Group.

(a) There is no material operational impact arising from the Notice of Demand.
(b) The financial impact resulting from the Notice of Demand will be the expected losses arising from the litigation as mentioned in Section 2 above.


(7) Expected losses, if any, arising from the Notice of Demand.

The Company could be liable for the amount stated in Section 2 above.


(8) Steps taken or proposed to be taken by HIB in respect of the Notice of Demand.

The Company is currently in discussion with its solicitors on the next course of action in respect of the above matter.


Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 15 April 2014.




HYTEXIN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced15 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140415-61708

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHYTEX INTEGRATED BERHAD (“HIB” OR “THE COMPANY”)
- NOTICE OF DEMAND BY SAW KAM WENG (“SKW”) AGAINST LEADING TEXTILES SDN BHD (“LTSB”), A WHOLLY-OWNED SUBSIDIARY OF HIB

The Board of Directors of HIB wishes to inform that LTSB, a wholly-owned subsidiary of HIB, had on 11 April 2014, been served a Notice of Demand dated 10 April 2014 from SKW.


(1) Date of the presentation of the Notice of Demand and the date the Notice of Demand was served on the listed issuer, its subsidiary or major associated company.

The Notice of Demand dated 10 April 2014, was served on LTSB, a wholly-owned subsidiary of HIB vide YAE, SENG WAI & PARTNERS being the solicitors for SKW on 11 April 2014.


(2) Particulars of the claim under the Notice of Demand, including the amount claimed for under the Notice of Demand and the interest rate.

The claim pursuant to the Notice of Demand is the sum of RM20,244.30 for the period September 2013 to October 2013 (“Amount Outstanding”).


(3) Details of the default or circumstances leading to the receipt of the Notice of Demand on the listed issuer, its subsidiary or major associated company.

The filing of the Notice of Demand is a result of LTSB failing to settle the Amount Outstanding, being the unpaid and outstanding salary to SKW.

(4) Confirmation as to whether LTSB is a major subsidiary.

LTSB is not a major subsidiary of HIB.


(5) Total cost of investment of LTSB.

The total cost of investment was RM2,761,778.00.


(6) Financial and operational impact of the receipt of Notice of Demand on the Group.

(a) There is no material operational impact arising from the Notice of Demand.
(b) The financial impact resulting from the Notice of Demand will be the expected losses arising from the litigation as mentioned in Section 2 above.


(7) Expected losses, if any, arising from the Notice of Demand.

The Company could be liable for the amount stated in Section 2 above.


(8) Steps taken or proposed to be taken by HIB in respect of the Notice of Demand.

The Company is currently in discussion with its solicitors on the next course of action in respect of the above matter.


Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.


This announcement is dated 15 April 2014.



HYTEXIN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced15 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140415-61443

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHYTEX INTEGRATED BERHAD (“HIB” OR “THE COMPANY”)
- NOTICE OF DEMAND BY SAW KIM HING @ SOO KIM SIN (“SKH”) AGAINST HYTEX GARMENTS (M) SDN BHD (“HGSB”), A WHOLLY-OWNED SUBSIDIARY OF HIB

The Board of Directors of HIB wishes to inform that HGSB, a wholly-owned subsidiary of HIB, had on 11 April 2014, been served a Notice of Demand dated 10 April 2014 from SKH.


(1) Date of the presentation of the Notice of Demand and the date the Notice of Demand was served on the listed issuer, its subsidiary or major associated company.

The Notice of Demand dated 10 April 2014, was served on HGSB, a wholly-owned subsidiary of HIB vide YAE, SENG WAI & PARTNERS being the solicitors for SKH on 11 April 2014.


(2) Particulars of the claim under the Notice of Demand, including the amount claimed for under the Notice of Demand and the interest rate.

The claim pursuant to the Notice of Demand is the sum of RM94,706.48 for the period September 2013 to December 2013 (“Amount Outstanding”).


(3) Details of the default or circumstances leading to the receipt of the Notice of Demand on the listed issuer, its subsidiary or major associated company.

The filing of the Notice of Demand is a result of HGSB failing to settle the Amount Outstanding, being the unpaid and outstanding salary to SKH.

(4) Confirmation as to whether HGSB is a major subsidiary.

HGSB is a major subsidiary of HIB.


(5) Total cost of investment of HGSB.

The total cost of investment was RM20,994,525.00.


(6) Financial and operational impact of the receipt of Notice of Demand on the Group.

(a) There is no material operational impact arising from the Notice of Demand.
(b) The financial impact resulting from the Notice of Demand will be the expected losses arising from the litigation as mentioned in Section 2 above.


(7) Expected losses, if any, arising from the Notice of Demand.

The Company could be liable for the amount stated in Section 2 above.


(8) Steps taken or proposed to be taken by HIB in respect of the Notice of Demand.

The Company is currently in discussion with its solicitors on the next course of action in respect of the above matter.


Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 15 April 2014.



HYTEXIN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced15 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140415-61174

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHYTEX INTEGRATED BERHAD (“HIB” OR “THE COMPANY”)
- NOTICE OF DEMAND BY SAW GUAT CHOO (“SGC”) AGAINST HYTEX GARMENTS (M) SDN BHD (“HGSB”), A WHOLLY-OWNED SUBSIDIARY OF HIB

The Board of Directors of HIB wishes to inform that HGSB, a wholly-owned subsidiary of HIB, had on 11 April 2014, been served a Notice of Demand dated 10 April 2014 from SGH.


(1) Date of the presentation of the Notice of Demand and the date the Notice of Demand was served on the listed issuer, its subsidiary or major associated company.

The Notice of Demand dated 10 April 2014, was served on HGSB, a wholly-owned subsidiary of HIB vide YAE, SENG WAI & PARTNERS being the solicitors for SGC on 11 April 2014.


(2) Particulars of the claim under the Notice of Demand, including the amount claimed for under the Notice of Demand and the interest rate.

The claim pursuant to the Notice of Demand is the sum of RM28,354.50 for the period September 2013 to October 2013 (“Amount Outstanding”).


(3) Details of the default or circumstances leading to the receipt of the Notice of Demand on the listed issuer, its subsidiary or major associated company.

The filing of the Notice of Demand is a result of HGSB failing to settle the Amount Outstanding, being the unpaid and outstanding salary to SGC.

(4) Confirmation as to whether HGSB is a major subsidiary.

HGSB is a major subsidiary of HIB.


(5) Total cost of investment of HGSB.

The total cost of investment was RM20,994,525.00.


(6) Financial and operational impact of the receipt of Notice of Demand on the Group.

(a) There is no material operational impact arising from the Notice of Demand.
(b) The financial impact resulting from the Notice of Demand will be the expected losses arising from the litigation as mentioned in Section 2 above.


(7) Expected losses, if any, arising from the Notice of Demand.

The Company could be liable for the amount stated in Section 2 above.


(8) Steps taken or proposed to be taken by HIB in respect of the Notice of Demand.

The Company is currently in discussion with its solicitors on the next course of action in respect of the above matter.


Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 15 April 2014.



HYTEXIN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced15 Apr 2014  
CategoryGeneral Announcement
Reference NoCS-140415-60045

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHYTEX INTEGRATED BERHAD (“HIB” OR “THE COMPANY”)
- NOTICE OF DEMAND BY SAW KIM CHUAN (“SKC”) AGAINST HYTEX APPARELS SDN BHD (“HASB”), A WHOLLY-OWNED SUBSIDIARY OF HIB

The Board of Directors of HIB wishes to inform that HASB, a wholly-owned subsidiary of HIB, had on 11 April 2014, been served a Notice of Demand dated 10 April 2014 from SKC.


(1) Date of the presentation of the Notice of Demand and the date the Notice of Demand was served on the listed issuer, its subsidiary or major associated company.

The Notice of Demand dated 10 April 2014, was served on HASB, a wholly-owned subsidiary of HIB vide YAE, SENG WAI & PARTNERS being the solicitors for SKC on 11 April 2014.


(2) Particulars of the claim under the Notice of Demand, including the amount claimed for under the Notice of Demand and the interest rate.

The claim pursuant to the Notice of Demand is the sum of RM19,622.90 for the period September 2013 to October 2013 (“Amount Outstanding”).


(3) Details of the default or circumstances leading to the receipt of the Notice of Demand on the listed issuer, its subsidiary or major associated company.

The filing of the Notice of Demand is a result of HASB failing to settle the Amount Outstanding, being the unpaid and outstanding salary to SKC.

(4) Confirmation as to whether HASB is a major subsidiary.

HASB is a major subsidiary of HIB.


(5) Total cost of investment of HASB.

The total cost of investment was RM32,921,643.00.


(6) Financial and operational impact of the receipt of Notice of Demand on the Group.

(a) There is no material operational impact arising from the Notice of Demand.
(b) The financial impact resulting from the Notice of Demand will be the expected losses arising from the litigation as mentioned in Section 2 above.


(7) Expected losses, if any, arising from the Notice of Demand.

The Company could be liable for the amount stated in Section 2 above.


(8) Steps taken or proposed to be taken by HIB in respect of the Notice of Demand.

The Company is currently in discussion with its solicitors on the next course of action in respect of the above matter.


Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.


This announcement is dated 15 April 2014.

 



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