June 18, 2014

Company announcements: TMS, MYETFDJ, HLIND, CANONE, WASEONG, CARING, IRETEX, DIALOG, SEG

TMS - OTHERS The Media Shoppe Berhad (“TMS” or “the Company”) - Acquisition of shares in LEPHONE (SEA) SDN. BHD. ("Lephone")

Announcement Type: General Announcement
Company NameTHE MEDIA SHOPPE BERHAD (ACE Market) 
Stock Name TMS  
Date Announced18 Jun 2014  
CategoryGeneral Announcement
Reference NoCA-140618-67909

TypeAnnouncement
SubjectOTHERS
DescriptionThe Media Shoppe Berhad (“TMS” or “the Company”)
- Acquisition of shares in LEPHONE (SEA) SDN. BHD. ("Lephone")

Reference is made to the Company's announcement dated 9 December 2013.

The Board of Directors of TMS is pleased to announce that the Company had on 28 May 2014 subscribed for two hundred and fifty five thousand (255,000) ordinary shares of RM1.00 each at par of Lephone, representing 51% equity interest in Lephone ("Acquisition”) pursuant to the terms and conditions as contained in the Joint Venture Agreement dated 9 December 2013, as follows:-

No. of ordinary shares of RM1.00 each

Total Cash Consideration (RM)

255,000

255,000.00

Lephone was incorporated on 28 May 2014 under the Companies Act, 1965 as private limited company and the principal activity is to distribute all products of ShenZhen Blephone Technology Co., Ltd. (Company no. 440301104783083).

The authorised share capital of Lephone is RM500,000 divided into 500,000 ordinary shares of RM1.00 each and the paid-up capital is RM500,000.00 divided into 500,000 ordinary shares of RM1.00 each.

Subsequent to the Acquisition, Lephone shall become a 51% owned subsidiary of TMS.

The Acquisition would not have material effect on TMS Group’s earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding for the financial year ending 31 December 2014.

None of the Directors and/or major shareholders of the Company and/or persons connected to them has any interest, direct or indirect, in the Acquisition.

This announcement is dated 18 June 2014.



MYETFDJ - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25  
Stock Name MYETFDJ  
Date Announced18 Jun 2014  
CategoryGeneral Announcement
Reference NoMD-140618-68332

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 18-06-2014
Fund: MYETFDJ
NAV per unit (RM): 1.1881
Units in Circulation (units): 252,300,000
Manager's Fee (%p.a): 0.40
Trustee's Fee (%p.a): 0.05
License Fee (%p.a): 0.04
DJIM25 Index: 1,055.55

 



HLIND - MULTIPLE PROPOSALS

Announcement Type: General Announcement
Company NameHONG LEONG INDUSTRIES BERHAD  
Stock Name HLIND  
Date Announced18 Jun 2014  
CategoryGeneral Announcement
Reference NoML-140618-58351

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionHONG LEONG INDUSTRIES BERHAD (“HLI” OR “COMPANY”)

I. PROPOSED DISPOSALS
II. PROPOSED CAPITAL DISTRIBUTION

(COLLECTIVELY, “THE PROPOSALS”)

We refer to the announcements dated 11 September 2013, 31 October 2013, 12 December 2013, 29 April 2014, 4 June 2014 and 17 June 2014 as well as the Circular to Shareholders dated 20 May 2014 (“Circular”) in relation to the Proposals. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the Circular.

On behalf of HLI, HLIB wishes to announce that the SC had, via its letter dated 18 June 2014, granted its approval for an extension of time of 6 months up to 11 December 2014 for the Proposed HLI Exemption.

This announcement is dated 18 June 2014.



CANONE - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameCAN-ONE BERHAD  
Stock Name CANONE  
Date Announced18 Jun 2014  
CategoryGeneral Announcement
Reference NoC--140618-54178

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”)
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.

 

 

Can-One wishes to announce that Can-One and Can-One International’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 and Kian Joo.

 

 

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.

 



WASEONG - 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 NameWAH SEONG CORPORATION BERHAD  
Stock Name WASEONG  
Date Announced18 Jun 2014  
CategoryNotice of Shares Buy Back by a Company Pursuant to Form 28A
Reference NoWS-140618-2460F

Date of buy back from09/06/2014
Date of buy back to17/06/2014
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)509,200
Minimum price paid for each share purchased ($$)1.810
Maximum price paid for each share purchased ($$)1.940
Total amount paid for shares purchased ($$)969,166.42
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)509,200
Total number of shares retained in treasury (units)1,577,167
Number of shares purchased which were cancelled (units)0
Total issued capital as diminished
Date lodged with registrar of companies18/06/2014
Lodged by Wah Seong Corporation Berhad


CARING - Changes in Sub. S-hldr's Int. (29B) - JITUMAJU SDN BHD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameCARING PHARMACY GROUP BERHAD  
Stock Name CARING  
Date Announced18 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-140618-37039

Particulars of substantial Securities Holder

NameJITUMAJU SDN BHD
AddressLot 13-01A, Level 13 (East Wing),
Berjaya Times Square, No 1, Jalan Imbi, 55100 Kuala Lumpur
NRIC/Passport No/Company No.108727-D
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderJITUMAJU SDN BHD
Lot 13-01A, Level 13 (East Wing),
Berjaya Times Square, No 1, Jalan Imbi, 55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired12/06/2014
10,800
 

Circumstances by reason of which change has occurredOpen market deal
Nature of interestDirect
Direct (units)39,776,500 
Direct (%)18.27 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change39,776,500
Date of notice18/06/2014

Remarks :
The percentage of interest is determined based on the issued and paid-up capital of the Company as at date of this notice.


CARING - Changes in Sub. S-hldr's Int. (29B) - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameCARING PHARMACY GROUP BERHAD  
Stock Name CARING  
Date Announced18 Jun 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCM-140618-38242

Particulars of substantial Securities Holder

NameTAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
Address28 Jalan Bukit Seputeh, Seputeh Heights,
Taman Seputeh, 58000 Kuala lumpur
NRIC/Passport No/Company No.520223-01-5779
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holderJITUMAJU SDN BHD
Lot 13-01A, Level 13 (East Wing),
Berjaya Times Square, No 1 Jalan Imbi, 55100 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired12/06/2014
10,800
 

Circumstances by reason of which change has occurredOpen market deal
Nature of interestDeemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)39,776,500 
Indirect/deemed interest (%)18.27 
Total no of securities after change39,776,500
Date of notice18/06/2014

Remarks :
The percentage of interest is determined based on the issued and paid-up capital of the Company as at date of this notice.


IRETEX - OTHERS ZOOMIC AUTOMATION (M) SDN. BHD, A WHOLLY OWNED SUBSIDIARY OF IRE-TEX CORPORATION BERHAD, ENTERED INTO AN AGREEMENT TO MANUFACTURE AND SUPPLY ENERGY SAVING LED LIGHTING PRODUCTS FOR A LOCAL COMPANY.

Announcement Type: General Announcement
Company NameIRE-TEX CORPORATION BERHAD  
Stock Name IRETEX  
Date Announced18 Jun 2014  
CategoryGeneral Announcement
Reference NoCC-140618-64733

TypeAnnouncement
SubjectOTHERS
DescriptionZOOMIC AUTOMATION (M) SDN. BHD, A WHOLLY OWNED SUBSIDIARY OF IRE-TEX CORPORATION BERHAD, ENTERED INTO AN AGREEMENT TO MANUFACTURE AND SUPPLY ENERGY SAVING LED LIGHTING PRODUCTS FOR A LOCAL COMPANY.

1. Introduction

The Board of Directors of Ire-Tex Corporation Berhad ("ITCB" or "the Company") is pleased to announce that Zoomic Automation (M) Sdn. Bhd. (“ZASB”), a wholly owned subsidiary of the Company, has on 18 June 2014 entered into a Business Engagement Agreement with a local private limited company (the "Customer") to manufacture and supply energy saving LED lighting products (the “Contract”).

2. Salient terms

Under the terms of the Contract, the Customer appointed ZASB as the exclusive manufacturer for certain of the Customer’s energy saving LED lighting products (the “Products”) specified in the Contract for which the Customer will provide the design, development, specification, enhancement, logo and branding.

The Contract commences from 18 June 2014 and shall terminate on 17 June 2017 (the “First Term”) and shall be renewed automatically upon expiry. Each renewal shall be for a period of three (3) years, unless otherwise notified by either party in writing to the other ninety (90) days prior to the renewal date. Either party may terminate the Contract upon thirty (30) days prior written notice. Pursuant to this clause, the Customer guarantees a minimum order value of RM2.5 million to ZASB in manufacturing the Products to the Customer for the First Term and RM3 million for the Second Term.

ZASB agrees to manufacture certain quantities of the Products at agreed prices for the Customer (the “Orders”) during the tenure of the Contract. Pursuant to this clause, the value of the Orders may be up to RM4,250,000 per month. Price adjustments will be made in accordance with market demand, economic and technology advancement conditions. ZASB and the Customer shall collectively decide the price revision and determine the appropriate pricing structure for the Products from time to time.

3. Financial Effects of the Contract

The Contract will not have any effect on the issued and paid up share capital and substantial shareholder’s shareholding of the ITCB Group. The Contract is also not expected to have any material effect on the gearing of ITCB Group. Barring unforeseen circumstances, the Board of Directors of ITCB is of the opinion that the Contract will contribute positively to the earnings per share and net assets per share of ITCB Group for the financial years ending 31 December 2014, 31 December 2015 and 31 December 2016.

4. Risk factors

ZASB and the Company does not envisage any risk factor arising from the Contract other than normal business risk. However, ZASB and the Company will take appropriate measures to manage and mitigate any potential risks.

5. Approvals Required

No approval from any authorities or shareholders of the Company is required for the Contract.

6. Directors' and Major Shareholders' Interests

None of the Directors and/or major shareholders and/or persons connected with a Director or major shareholder of the Company has any interest, direct or indirect, in the Contract.

7. Directors' Statement

The Board of Directors of ITCB, after considering all aspects of the Contract, is of the opinion that the Contract entered into is in the best interest of the Company.

This announcement is dated 18 June 2014.



DIALOG - Changes in Director's Interest (S135) - Zainab Binti Mohd Salleh (Amended Announcement)

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameDIALOG GROUP BERHAD  
Stock Name DIALOG  
Date Announced18 Jun 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoDG-140618-63185

Information Compiled By KLSE

Particulars of Director

NameZainab Binti Mohd Salleh
AddressNo. 19, Jalan Awan Larat
U8/74C, Seksyen U8
Bukit Jelutong
40150 Shah Alam
Selangor Darul Ehsan
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)
Transferred
12/06/2014
90,000
 

Circumstances by reason of which change has occurredTransfer of shares to relative
Nature of interestDirect
Consideration (if any)Nil 

Total no of securities after change

Direct (units)2,569,850 
Direct (%)0.11 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice17/06/2014

Remarks :
Additional remarks as follows:-

Total direct interest (Transferred 90,000 shares) = 2,569,850 shares

The number of securities involved in dealing is 90,000 shares (or 0.004% of the total issued shares of Dialog Group Berhad exclusive of treasury shares).

This announcement also serves as announcement pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements for dealing outside closed period.


SEG - GENERAL MEETINGS: OUTCOME OF MEETING

Announcement Type: General Meetings
Company NameSEG INTERNATIONAL BHD  
Stock Name SEG  
Date Announced18 Jun 2014  
CategoryGeneral Meetings
Reference NoSI-140617-B8372

Type of MeetingEGM
IndicatorOutcome of Meeting
Date of Meeting18/06/2014
Time11:00 AM
VenueLevel 2, Right Wing, SEGi University,
No. 9, Jalan Teknologi, Taman Sains Selangor,
Kota Damansara, PJU 5,
47810 Petaling Jaya, Selangor Darul Ehsan
Outcome of Meeting

Extraordinary General Meeting ("EGM") of SEG International Bhd

The Board of Directors of SEG International Bhd ("the Company") wishes to announce that at the EGM held this morning, the shareholders of the Company have approved all the resolutions set out in the notice of the EGM dated 27 May 2014.

This announcement is dated 18 June 2014.



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