IRIS - OTHERS JOINT VENTURE AGREEMENT EXECUTED BETWEEN IRIS CORPORATION BERHAD (“ICB”) AND ALVERY RESOURCES LIMITED (“ALVERY”) FOR THE DEVELOPMENT OF LAND MEASURING 100,000 HECTARES FOR AGRICULTURAL AND BUSINESS PURPOSES IN PAPUA NEW GUINEA.
Company Name | IRIS CORPORATION BERHAD (ACE Market) |
Stock Name | IRIS |
Date Announced | 17 Apr 2014 |
Category | General Announcement |
Reference No | IC-140417-62069 |
Type | Announcement |
Subject | OTHERS |
Description | JOINT VENTURE AGREEMENT EXECUTED BETWEEN IRIS CORPORATION BERHAD (“ICB”) AND ALVERY RESOURCES LIMITED (“ALVERY”) FOR THE DEVELOPMENT OF LAND MEASURING 100,000 HECTARES FOR AGRICULTURAL AND BUSINESS PURPOSES IN PAPUA NEW GUINEA. |
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement dated 14 April 2014 and 16 April 2014 in relation to Joint Venture Agreement Executed between IRIS Corporation Berhad and Alvery Resources Limited for the development of land measuring 100,000 hectares for agricultural and business purposes in Papua New Guinea (“The Announcement”). Further to the above, the company is pleased to furnish herewith additional information pertaining to Section 3.3 of The Announcement:- a) Highest Percentage Ratio Pursuant to Chapter 10 under Rule 10.06 (1) of ACE MLR, the highest percentage ratio that is applicable to this project is 15.58%. b) Sources of Funding The total investment cost will be funded by internally generated funds and bank borrowing. The portion of internally generated funds and bank borrowing has yet to be determined which will only be determined depending on the progress of the project. The announcement is dated 17 April 2014.
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LNGRES - Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement
Company Name | LNG RESOURCES BERHAD (ACE Market) |
Stock Name | LNGRES |
Date Announced | 17 Apr 2014 |
Category | Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement |
Reference No | CA-140417-5D97E |
Remarks : |
The total amount received for the shares sold is after deducting of brokerage, clearing house fee and stamp duty. |
SCOPE - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD
Company Name | SCOPE INDUSTRIES BERHAD (ACE Market) |
Stock Name | SCOPE |
Date Announced | 17 Apr 2014 |
Category | General Announcement |
Reference No | CC-140416-65E16 |
Type | Announcement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS OUTSIDE CLOSED PERIOD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description | Pursuant to Paragraph 14.09(a) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that the following Director has given notice of his dealing in the ordinary shares of Scope Industries Berhad during outside closed period as set out in the Table hereunder. This announcement is dated 17 April 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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SCOPE - Changes in Director's Interest (S135) - Lee Min Huat
Company Name | SCOPE INDUSTRIES BERHAD (ACE Market) |
Stock Name | SCOPE |
Date Announced | 17 Apr 2014 |
Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
Reference No | CC-140416-65E34 |
Information Compiled By KLSE
Particulars of Director
Name | Lee Min Huat |
Address | 18, Jalan Changkat Hartamas, Hartamas Heights, 50480 Kuala Lumpur |
Descriptions(Class & nominal value) | Ordinary Shares of RM0.10 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 350,000 |
Circumstances by reason of which change has occurred | Acqusition |
Nature of interest | Direct Interest |
Consideration (if any) |
Total no of securities after change | |
Direct (units) | 58,251,860 |
Direct (%) | 11.64 |
Indirect/deemed interest (units) | |
Indirect/deemed interest (%) | |
Date of notice | 17/04/2014 |
SCOPE - Changes in Sub. S-hldr's Int. (29B) - Lee Min Huat
Company Name | SCOPE INDUSTRIES BERHAD (ACE Market) |
Stock Name | SCOPE |
Date Announced | 17 Apr 2014 |
Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
Reference No | CC-140416-65E24 |
Particulars of substantial Securities Holder
Name | Lee Min Huat |
Address | 18, Jalan Changkat Hartamas, Hartamas Heights, 50480 Kuala Lumpur |
NRIC/Passport No/Company No. | 570908-05-5357 |
Nationality/Country of incorporation | Malaysian |
Descriptions (Class & nominal value) | Ordinary Shares of RM0.10 each |
Name & address of registered holder | Lee Min Huat 18, Jalan Changkat Hartamas, Hartamas Heights, 50480 Kuala Lumpur |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Acquired | 15/04/2014 | 350,000 |
DVM - TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTION
Company Name | DVM TECHNOLOGY BERHAD (ACE Market) |
Stock Name | DVM |
Date Announced | 17 Apr 2014 |
Category | General Announcement |
Reference No | DT-140417-39603 |
PERISAI - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD
Company Name | PERISAI PETROLEUM TEKNOLOGI BHD |
Stock Name | PERISAI |
Date Announced | 17 Apr 2014 |
Category | Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965 |
Reference No | CC-140417-C5D60 |
Particulars of substantial Securities Holder
Name | EMPLOYEES PROVIDENT FUND BOARD |
Address | TINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR |
NRIC/Passport No/Company No. | EPF ACT 1991 |
Nationality/Country of incorporation | MALAYSIA |
Descriptions (Class & nominal value) | ORDINARY SHARES OF RM0.10 EACH |
Name & address of registered holder | CITIGROUP NOMINEES (TEMPATAN) SDN BHD - EMPLOYEES PROVIDENT FD BD (NOMURA) LEVEL 42, MENARA CITIBANK, 165 JALAN AMPANG, 50450 KUALA LUMPUR |
Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction | Date of change | No of securities | Price Transacted (RM) |
Disposed | 14/04/2014 | 554,200 |
Remarks : |
1) The percentage of shareholding excludes 400,000 shares bought-back by the Company and retained as treasury shares. 2) Form 29B received on 17 April 2014. |
MQTECH - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
Company Name | MQ TECHNOLOGY BERHAD (ACE Market) |
Stock Name | MQTECH |
Date Announced | 17 Apr 2014 |
Category | General Announcement |
Reference No | OS-140416-66300 |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | MQ TECHNOLOGY BERHAD (“MQ” OR THE “COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO 23,056,000 NEW ORDINARY SHARES OF RM0.10 EACH IN MQ (“MQ SHARES” OR “SHARES”), REPRESENTING NOT MORE THAN TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MQ (“PROPOSED PRIVATE PLACEMENT”) |
Reference is made to the Company’s announcement on 27 March 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 announce that the listing application for the Proposed Private Placement has been submitted to Bursa Securities on 17 April 2014. This announcement is dated 17 April 2014. |
AT - OTHERS AT SYSTEMATIZATION BERHAD (“ATS” OR THE “COMPANY”) JOINT VENTURE AGREEMENT (“JVA”) BETWEEN AT SYSTEMATIZATION BERHAD (“ATS”), ANHUI SHENGYUN ENVIRONMENT PROTECTION GROUP CO. LTD (“ANHUI”), PROMOSI MANTAP SDN. BHD. (COMPANY NO. 507868-H) (“PMSB”) AND MD. WIRA DANI BIN ABDUL DAIM (NRIC NO. 781015-71-5039) (“MW”) [COLLECTIVELY KNOWN AS “THE PARTIES”]
Company Name | AT SYSTEMATIZATION BERHAD (ACE Market) |
Stock Name | AT |
Date Announced | 17 Apr 2014 |
Category | General Announcement |
Reference No | CA-140415-39904 |
Type | Announcement | ||||||||||||||||||||||||||||||||||||||||||||||||
Subject | OTHERS | ||||||||||||||||||||||||||||||||||||||||||||||||
Description | AT SYSTEMATIZATION BERHAD (“ATS” OR THE “COMPANY”) JOINT VENTURE AGREEMENT (“JVA”) BETWEEN AT SYSTEMATIZATION BERHAD (“ATS”), ANHUI SHENGYUN ENVIRONMENT PROTECTION GROUP CO. LTD (“ANHUI”), PROMOSI MANTAP SDN. BHD. (COMPANY NO. 507868-H) (“PMSB”) AND MD. WIRA DANI BIN ABDUL DAIM (NRIC NO. 781015-71-5039) (“MW”) [COLLECTIVELY KNOWN AS “THE PARTIES”] | ||||||||||||||||||||||||||||||||||||||||||||||||
1.0 INTRODUCTION The Board of Directors (“Board”) of ATS is pleased to announce that the Company has on 17 April 2014 entered into a Joint Venture Agreement (“JVA”) with ANHUI, PMSB and MW to bid for the international tender for the construction of a mass-scale incinerator facility for a “Waste to Energy” Public Private Partnership (PPP) Project at Kepong Solid Waste Transfer Station Kuala Lumpur (“the Project”) from the Government of Malaysia through the Unit Kerjasama Awam Swasta, Jabatan Perdana Menteri, Aras 2, Block Menara, Menara Usahawan, Persiaran Perdana, Presint 2, 62652 Putrajaya (“the Employer”) through a joint venture company known as ATS Biotech Sdn. Bhd. (Company No. 1040158-K) (“JVCO”) [Joint Venture]. 2.0 BACKGROUND INFORMATION ON THE PARTIES & JVCO ATS is a public company incorporated in Malaysia under the Companies Act 1965 and having its business address at Lot 11.2, 11th Floor, Menara Lien Hoe, No. 8, Persiaran Tropicana, 47410 Petaling Jaya, Selangor. ATS is listed on the ACE Market in the Bursa Malaysia Securities Berhad and is involved in fabrication of industrial and engineering parts and design and manufacture of industrial automation system and machinery. ANHUI is a company incorporated in the People’s Republic of China and having its business address at Kuaihuoling, Tongcheng, Anhui Province, China. ANHUI is principally involved in development, construction, and operation of Waste to Energy facilities. PMSB is a company incorporated in Malaysia under the Companies Act 1965 and having its business address at Suite 6G, Letter Box 88, UBN Tower, Jalan P. Ramlee, 50250 Kuala Lumpur. PMSB is principally involved in construction businesses in Malaysia. MW is a Malaysian residing at Suite 26-1, Tower B, Pavilion, Jalan Raja Chulan, 50200 Kuala Lumpur. JVCO is a company incorporated in Malaysia on 27 March 2013 and it currently has an authorized and paid up capital of Ringgit Malaysia Five Hundred Thousand (RM500,000-00) divided into 500,000 ordinary shares of Ringgit Malaysia One (1) each. Subject to the requirements of the Employer as spelt out in the tender of the Project, the Parties have formed a joint-venture company known as JVCO with its business address at Lot 11.2, 11th Floor, Menara Lien Hoe, No. 8 Persiaran Tropicana, 47410 Petaling Jaya, Selangor to bid for the Project. 3.0 SALIENT TERMS OF THE JVA 3.1 Limitation of Joint Venture
The Joint Venture as stated in the JVA is expressly limited to the Project, and neither Party shall, whether expressly or impliedly, hold out that the Joint Venture extends to any other project, property, business or development, except as the Parties may otherwise mutually agree in writing. 3.2 Equity Structure The Shareholders of JVCO namely the Parties, ie. AT, ANHUI, PMSB and MW, hereto agree to the following: - (a) The initial equity ratio in the JVCO is as follows:-
(b) Upon successful award of the Project by the Employer, the equity structure of the JVCO shall be restructured as follows:-
3.3 No Change to Equity Structure Unless Contracted Otherwise The Shareholders agree that following the events of Clause 3.2 above, unless transferred by any of the Shareholders in accordance with the terms of the JVA, it is the intention of the Shareholders that at all times the respective shareholdings of the Shareholders in JVCO shall be as specified in (a) or (b) above. 3.4 Offer of New Shares to Shareholders First All new Shares to be issued by the JVCO hereafter shall be offered to the Shareholders in proportion to their Shareholdings as stipulated in Clause 3.2(a) or 3.2(b) (as the case may be) and any new Shares not taken and paid up by any Shareholder may be offered by the Board first to the other Shareholder(s) in the proportion their respective Shareholdings bear to each other and only if the other Shareholder(s) do(es) not accept the offer, to such third party or parties as the Board may deem fit PROVIDED ALWAYS that the Shareholder which declined to take up its respective portion of the new Shares and the directors nominated by that declining Shareholder, shall not be entitled to object to the offer and subsequent sale of such portion of the new Shares to a third party or third parties. 3.5 Apportionment The Parties agree that the Board of Directors of the JVCO shall determine and outline the principles on how the interest of the Parties in relation to the assets, liabilities, obligations, costs, expenses, profits, dividend and losses arising out of the execution and completion of the works and under the joint venture shall be apportioned, taking into account the Agreed Proportions stated under Clause 3.2(b) above. 3.6 Appointment of Directors There shall not be shareholding qualification for the appointment of directors in JVCO, but the Shareholders shall have the right to appoint Directors in accordance to their respective Shareholdings. 3.7 Responsibilities of the Parties ATS, PMSB and MW will carry out the following scope of duties:- (i) promote and initiate, secure and conclude contracts with the Employer as well as conduct all activities under the JVA with utmost integrity and professionalism; (ii) act as the dedicated point-of-contact for all customers secured under the JVA; and (iii) undertake all non-technical pre and post-sale activities such as customer service and general consultancy for the customers in an efficient manner. ANHUI will have the following scope of duties:- (i) carry out all necessary research and development, production, training and implementation activities to ensure the successful delivery of the Project; (ii) facilitate relevant information, marketing collaterals and supporting documents to ATS for the purpose of business development; (iii) undertake all pre and post-sale technical services, including technical evaluations, repairs and maintenance, to the customers in an efficient manner as according to contracts with the Employer; (iv) provide periodic consultations and trainings to ATS pertaining to technical developments and updates; and (v) organize and invite ATS, the relevant Malaysian government officials and delegates to China for on-site visit of ANHUI’s past works. 3.8 Termination/Event of Default The JVA shall take effect on the date of its execution and shall continue in full force throughout the duration of the Project unless the Parties agree in writing to terminate the JVA or in relation to any one Party, following the occurrence of an Event of Default as stipulated in the JVA. 4. SOURCE OF FUNDS ATS will fund this Joint Venture from its internally generated fund. 5. INVESTMENT The initial capital contribution by ATS for the Joint Venture is RM25,000 only. The subsequent capital contribution is expected to be RM80,000 in the event of successful award of the Project. 6. RATIONALE FOR THE JOINT VENTURE The Joint Venture will allow ATS to participate in a pioneer project to design, construct and operate a Waste-to-Energy facility for the treatment of residual municipal waste at a processing capacity of approximately 1,000 tonnes per day. A waste treatment facility of this scale is the first of its kind in Malaysia, and therefore represents a significant opportunity to establish credentials within a vibrant and thriving economic culture, with clear potential for similar future projects in Malaysia by leveraging on the expertise and good performance track record from ANHUI. The Joint Venture is expected to contribute positively to the future profitability and cash flow of ATS as well as the stability of its future income stream. The risks associated with the Joint Venture are mainly those in relation to overall economic conditions and governmental policies of the country, inter-alia, changes in government regulations affecting developmental approvals, changes in the business and credit conditions, changes in workforce, availability of funds for its working capital and etc. 7. FINANCIAL EFFECTS The Joint Venture will not have any effect on the share capital, shareholdings of major shareholders, net assets per share and gearing of ATS. The Joint Venture is not expected to have any immediate material effect on the earnings of the Group for the financial year ending 28 February 2015 but anticipated to contribute positively to the Group in the long term. The initial joint investment in JVCO is to provide for its working capital requirements. There are no liabilities, including contingent liabilities or guarantees expected to be assumed by ATS from the Joint Venture. 8. APPROVALS REQUIRED The Joint Venture is not subject to the approval of the shareholders of ATS or any government authorities. 9. PERCENTAGE RATIO The highest percentage ratio applicable to the Joint Venture pursuant to Rule 10.02(g) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.78%. 10. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST Save as disclosed
below, none of the directors, major shareholders or person connected with them
have any interest, direct or indirect, in the Joint Venture. Mak Siew Wei and Auniah Binti Ali, who are the Directors of ATS, are also the Directors of JVCO. 11. DIRECTORS’ STATEMENT The Board, after due consideration of all aspects of the JVA, is of the opinion that the Joint Venture is in the best interest of ATS Group. 12. TENTATIVE TIMELINE The JVA shall complete on even date. Unless terminated in accordance with the provisions of the JVA, this Joint Venture shall remain valid. 13. DOCUMENTS FOR INSPECTION A copy of the JVA is available for inspection at the registered office of ATS during normal business hours from Monday to Friday (except public holidays) at Suite S-21-H, 21st Floor, Menara Northam, 55 Jalan Sultan Ahmad Shah, 10050 Penang for a period of three (3) months from the date of this announcement. This announcement is dated 17 April 2014.
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OCK - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING
Company Name | OCK GROUP BERHAD (ACE Market) |
Stock Name | OCK |
Date Announced | 17 Apr 2014 |
Category | General Announcement |
Reference No | MI-140417-62596 |
Type | Announcement |
Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
Description | OCK GROUP BERHAD ("OCK" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 20% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF OCK AT ANY POINT OF TIME, AT AN ISSUE PRICE TO BE DETERMINED LATER ("PROPOSED PRIVATE PLACEMENT") |
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposed Private Placement. We refer to our earlier announcement dated 15 April 2014. On behalf of the Board of Directors of OCK, RHB Investment Bank Berhad wishes to announce that the listing application in relation to the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad on 17 April 2014. This announcement is dated 17 April 2014. |
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