June 18, 2014

Company announcements: KIANJOO, IRETEX

KIANJOO - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameKIAN JOO CAN FACTORY BERHAD  
Stock Name KIANJOO  
Date Announced18 Jun 2014  
CategoryGeneral Announcement
Reference NoKJ-140618-50385

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionKuala Lumpur High Court Suit No. 22NCC-152-05/2014
Dato’ See Teow Guan
(Suing in a personal capacity and in a representative capacity on behalf and for the benefit of the 6th Defendant, Kian Joo Can Factory Berhad)
(“Plaintiff”)

-versus-

1. Yeoh Jin Hoe (“YJH”)
2. Chee Khay Leong (“CKL”)
3. Aspire Insight Sdn Bhd (“Aspire”)
4. Can-One Berhad (“Can-One”)
5. Can-One International Sdn Bhd (“Can-One International”)
6. Kian Joo Can Factory Berhad (“Kian Joo” or "the Company")
7. Box-Pak (Malaysia) Bhd (“Box-Pak”)

(collectively, referred to “the Defendants”)

We refer to our announcement dated 20 May 2014 in respect of the above matter.

Kian Joo wishes to announce that Kian Joo’s solicitors were on 17 June 2014 served with an unsealed Notice of Application (“the Injunction Application”)  together with a copy of the Plaintiff’s Affidavit in Support dated 16 June 2014 by Messrs Benjamin Dawson, the solicitors acting for the Plaintiff. The Notice of Application was also addressed to the respective solicitors of YJH, CKL, Aspire, Can-One and Can-One International. 

Pursuant to the Injunction Application, the Plaintiff seeks the following orders:

1. that Kian Joo be restrained until the trial of this action from calling any shareholders meeting in respect of the offer made by Aspire to purchase inter alia all the assets and liabilities of Kian Joo (“the Aspire Bid”);

2. that Kian Joo be restrained until the trial of this action from taking further steps to finalize or complete the circular to the shareholders in relation to the Aspire Bid;

3. that Kian Joo inform Bursa Malaysia Securities Berhad of the Order made by the High Court herein;

4. alternatively, that Can-One International be restrained until the trial of this action from participating and voting at any shareholders meeting to be held by Kian Joo in respect of the Aspire Bid;

5. that the costs of this application be provided for; and

6. such other orders and reliefs as the High Court deems fit and just.

 

The High Court has not fixed any date for the Injunction Application as yet.

This announcement is dated 18 June 2014.

 

 


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 Announced18 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCC-140618-66777

Information Compiled By KLSE

Particulars of Director

NameSee Toh Kean Yaw
Address20, Lintang Delima 12, Island Glades, 11700 Penang.
Descriptions(Class & nominal value)Ordinary shares of RM0.40 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
16/06/2014
221,000
 

Circumstances by reason of which change has occurredOpen market disposal
Nature of interestIndirect interest
Consideration (if any) 

Total no of securities after change

Direct (units)525,000 
Direct (%)0.45 
Indirect/deemed interest (units)154,000 
Indirect/deemed interest (%)0.13 
Date of notice18/06/2014

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 disposal represents 0.19% of the total issued and paid up capital of RM47,001,400.00 divided into 117,503,500 Ordinary Shares of RM0.40 each.


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