June 17, 2014

Company announcements: AMBANK, CIHLDG, DNEX, HYTEXIN, WASEONG, IRETEX

AMBANK - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameAMMB HOLDINGS BERHAD  
Stock Name AMBANK  
Date Announced17 Jun 2014  
CategoryGeneral Announcement
Reference NoAH-140617-A6F82

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionAMMB Holdings Berhad ("AMMB")
- Announcement on Meridian Asset Management Sdn Bhd

Reference is made to the announcement dated 23 December 2005, 30 January 2009, 19 April 2013 and 30th August 2013 in respect of a Writ action taken by Meridian Asset Management Sdn Bhd (‘Meridian’) against AmTrustee Berhad (‘AmTrustee’) [‘Meridian’s Suit’]. This action is for loss and damages together with interest and costs sustained over Meridian’s clients, Malaysian Assurance Alliance Berhad (‘MAA’) and Kumpulan Wang Persaraan’s (‘KWAP’) account with Meridian arising from the provision of custodian services by AmTrustee to Meridian.

Pursuant to the High Court’s decision on 11 April 2013 (‘High Court Decision’) in the Meridian Suit, wherein the High Court held that AmTrustee is liable to contribute and indemnify Meridian for 40% of the amount that Meridian has been found liable to MAA and KWAP and awarded costs of RM20,000 to be paid by Meridian to AmTrustee.

Both Meridian and AmTrustee had appealed against the High Court Decision to Court of Appeal. On 20 May 2013, the Court of Appeal dismissed the appeals by Meridian and AmTrustee (‘Court of Appeal Decision’).

On 17 June 2014, AmTrustee had filed its Notice of Motion to apply for leave to appeal to Federal Court, against the Court of Appeal Decision.

This announcement is dated 17 June 2014.



AMBANK - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameAMMB HOLDINGS BERHAD  
Stock Name AMBANK  
Date Announced17 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAH-140617-A42AD

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

1. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board
[Acquisition of 1,000,000 shares]

2. Employees Provident Fund Board

3. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KIB)

4. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (MAYBAN)

5. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (KAF FM)

6. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (NOMURA)

7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (CIMB PRI)

8. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (ARIM)

9. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (TEMPLETON)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired12/06/2014
1,000,000
 

Circumstances by reason of which change has occurredAcquisition of shares
Nature of interestDirect interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change433,100,337
Date of notice13/06/2014

Remarks :
This notice was received on 17 June 2014.


CIHLDG - OTHERS C.I. HOLDINGS BERHAD (“CIH”) PROPOSED EXTENSION OF TIME TO RECTIFY ALL UNAPPROVED BUILDINGS/STRUCTURES/EXTENSIONS ARISING FROM THE ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF CONTINENTAL RESOURCES SDN BHD (“CRSB”) BY CIH (“PROPOSED EXTENSION OF TIME”)

Announcement Type: General Announcement
Company NameC.I. HOLDINGS BERHAD  
Stock Name CIHLDG  
Date Announced17 Jun 2014  
CategoryGeneral Announcement
Reference NoMI-140617-65162

TypeAnnouncement
SubjectOTHERS
DescriptionC.I. HOLDINGS BERHAD (“CIH”)

PROPOSED EXTENSION OF TIME TO RECTIFY ALL UNAPPROVED BUILDINGS/STRUCTURES/EXTENSIONS ARISING FROM THE ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF CONTINENTAL RESOURCES SDN BHD (“CRSB”) BY CIH (“PROPOSED EXTENSION OF TIME”)

We refer to the announcement dated 29 May 2014 in relation to the Proposed Extension of Time.

On behalf of the Company, Maybank Investment Bank Berhad wishes to announce that the Securities Commission Malaysia (“SC”) had, vide its letter dated 16 June 2014 (which was received on 17 June 2014), approved an extension of time until 16 December 2014, for CRSB to comply with the condition imposed by the SC to rectify all unapproved buildings/structures/extensions with regards to its property located at Lot 2239, Jalan Rajawali, Batu 9, Kebun Bharu, 42500 Telok Panglima Garang, Kuala Langat, Selangor Darul Ehsan.

The extension of time granted does not waive or revise the conditions imposed by the SC in its approval letter dated 16 December 2013.

 

This announcement is dated 17 June 2014.



DNEX - SUSPENSION OF SECURITIES

Announcement Type: General Announcement
Company NameDAGANG NEXCHANGE BERHAD  
Stock Name DNEX  
Date Announced17 Jun 2014  
CategoryGeneral Announcement
Reference NoTE-140617-63094

TypeAnnouncement
SubjectSUSPENSION OF SECURITIES
DescriptionDAGANG NEXCHANGE BERHAD (FORMERLY KNOWN AS TIME ENGINEERING BERHAD) ("THE COMPANY")
REQUEST FOR SUSPENSION IN TRADING

Bursa Malaysia Securities Berhad ("Bursa Securities") has approved the Company’s request for a suspension in the trading of its securities on the Main Market of Bursa Securities with effect from 9.00 a.m., Wednesday, 18 June 2014 until 5.00 p.m., Wednesday, 18 June 2014 pending the release of a material announcement.

This announcement is dated 17 June 2014.



HYTEXIN - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameHYTEX INTEGRATED BERHAD  
Stock Name HYTEXIN  
Date Announced17 Jun 2014  
CategoryGeneral Announcement
Reference NoCS-140617-64310

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionHYTEX INTEGRATED BERHAD (“HIB” OR “THE COMPANY”)
- WRIT AND STATEMENT OF CLAIM BY MGI ENTERPRISE SDN BHD (“MGI”) AGAINST HYTEX GARMENTS (M) SDN BHD (“HGSB”), A WHOLLY-OWNED SUBSIDIARY OF HIB
- PENANG HIGH COURT SUIT NO.22NCVC-35-03/2014

Further to the Company’s announcements made on 24 March 2014, 4 April 2014, 14 April 2014, 14 May 2014 and 3 June 2014, the Company wishes to inform that HGSB vide its solicitors, had on 17 June 2014, filed its Defence dated 17 June 2014 in the Court.

Further development on the above matter will be announced to Bursa Malaysia Securities Berhad as and when necessary.

This announcement is dated 17 June 2014.



WASEONG - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG  
Date Announced17 Jun 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoWS-140617-302CB

Date of buy back17/06/2014
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)30,000
Minimum price paid for each share purchased ($$)1.810
Maximum price paid for each share purchased ($$)1.840
Total consideration paid ($$)54,876.18
Number of shares purchased retained in treasury (units)30,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)1,577,167
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 (%)0.2035


IRETEX - Changes in Director's Interest (S135) - See Toh Kean Yaw

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameIRE-TEX CORPORATION BERHAD  
Stock Name IRETEX  
Date Announced17 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140617-51075

Information Compiled By KLSE

Particulars of Director

NameSee Toh Kean Yaw
Address20, Lintang Delima 12, Island Glades, 11700 Penang.
Descriptions(Class & nominal value)Irredeemable Convertible Unsecurred Loan Stocks (“ICULS“) of RM0.075 each.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
16/06/2014
2,457,500
 
Others
16/06/2014
1,500,000
 

Description of other type of transactionSubscription of Rights ICULS and Excess Rights ICULS
Circumstances by reason of which change has occurredSubscription of Rights ICULS and Excess Rights ICULS
Nature of interestDirect and Indirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)2,457,500 
Direct (%)0.52 
Indirect/deemed interest (units)1,500,000 
Indirect/deemed interest (%)0.32 
Date of notice17/06/2014

Remarks :
1. This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
2. The above subscription represents 0.84% of the total ICULS of RM35,251,050 divided into 470,014,000 ICULS of RM0.075 each.


IRETEX - Changes in Director's Interest (S135) - Na Chiang Seng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameIRE-TEX CORPORATION BERHAD  
Stock Name IRETEX  
Date Announced17 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140617-57134

Information Compiled By KLSE

Particulars of Director

NameNa Chiang Seng
Address14, Jalan Satu,
Taman Kepong,
52100 Kuala Lumpur.
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
16/06/2014
2,142,856
 

Description of other type of transactionFree Warrants issued with the Irredeemable Convertible Unsecurred Loan Stocks ("ICULS")
Circumstances by reason of which change has occurredFree Warrants issued with the ICULS
Nature of interestDirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)2,142,856 
Direct (%)3.65 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice17/06/2014

Remarks :
1. This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
2. The above free warrants issued with the ICULS represents 3.65% of the total 58,751,722 warrants.


IRETEX - Changes in Director's Interest (S135) - Na Chiang Seng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameIRE-TEX CORPORATION BERHAD  
Stock Name IRETEX  
Date Announced17 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140617-56940

Information Compiled By KLSE

Particulars of Director

NameNa Chiang Seng
Address14, Jalan Satu, Taman Kepong,
52100 Kuala Lumpur.
Descriptions(Class & nominal value)Irredeemable Convertible Unsecurred Loan Stocks (“ICULS“) of RM0.075 each.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
16/06/2014
17,142,848
 

Description of other type of transactionSubscription of Rights ICULS
Circumstances by reason of which change has occurredSubscription of Rights ICULS
Nature of interestDirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)17,142,848 
Direct (%)3.65 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice17/06/2014

Remarks :
1. This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
2. The above subscription represents 3.65% of the total ICULS of RM35,251,050 divided into 470,014,000 ICULS of RM0.075 each.


IRETEX - Changes in Director's Interest (S135) - See Toh Kean Yaw

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameIRE-TEX CORPORATION BERHAD  
Stock Name IRETEX  
Date Announced17 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140617-52038

Information Compiled By KLSE

Particulars of Director

NameSee Toh Kean Yaw
Address20, Lintang Delima 12, Island Glades, 11700 Penang.
Descriptions(Class & nominal value)Warrants

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
16/06/2014
307,187
 
Others
16/06/2014
187,500
 

Description of other type of transactionFree Warrants issued with the Irredeemable Convertible Unsecurred Loan Stocks ("ICULS")
Circumstances by reason of which change has occurredFree Warrants issued with the ICULS
Nature of interestDirect and Indirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)307,187 
Direct (%)0.52 
Indirect/deemed interest (units)187,500 
Indirect/deemed interest (%)0.32 
Date of notice17/06/2014

Remarks :
1. This announcement serves as an announcement pursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
2. The above free warrants issued with the ICULS represents 0.84% of the total 58,751,722 Warrants.


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