July 31, 2014

Company announcements: CYBERT, REDTONE, EFFICEN, RAYA, MNC, REXIT, N2N, SMRT, MICROLN

CYBERT - Change of Financial Year End

Announcement Type: Change of Financial Year End
Company NameCYBERTOWERS BERHAD (ACE Market) 
Stock Name CYBERT  
Date Announced31 Jul 2014  
CategoryChange of Financial Year End
Reference NoCC-140731-48466

Regularisation SponsorTA Securities Holdings Bhd
SponsorSame as above
Old financial year end31/08/2014
New financial year end31/12/2014


REDTONE - Changes in Director's Interest (S135) - Dato' Wei Chuan Beng

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced31 Jul 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCK-140731-60039

Information Compiled By KLSE

Particulars of Director

NameDato' Wei Chuan Beng
AddressUnit 1-13A-2, Vista Komanwel
Bukit Jalil
57000 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
31/07/2014
200,000
 

Circumstances by reason of which change has occurredBought on ACE Market
Nature of interestDirect
Consideration (if any) 

Total no of securities after change

Direct (units)24,384,456 
Direct (%)4.81 
Indirect/deemed interest (units)4,000,000 
Indirect/deemed interest (%)0.78 
Date of notice31/07/2014

Remarks :
1. The percentage of interest is based on the issued and paid-up share capital less 2,634,500 ordinary shares of RM0.10 each bought-back by the Company and retained as treasury shares.

2. Deemed interest is by virtue of 4,000,000 shares registered in the name of his spouse.


EFFICEN - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameEFFICIENT E-SOLUTIONS BERHAD  
Stock Name EFFICEN  
Date Announced31 Jul 2014  
CategoryChange in Boardroom
Reference NoCM-140731-34952

Date of change31/07/2014
NameNg Hin Lee
Age58
NationalitySingaporean
DesignationNon-Executive Director
DirectorateNon Independent & Non Executive
Type of changeResignation
ReasonTo pursue other opportunities.
Details of any disagreement that he/she has with the Board of DirectorsNo
Whether there are any matters that need to be brought to the attention of the shareholdersNo
QualificationsMr Ng gratuated from the University of Singapore with a Bachelor of Accountancy degree. He is also a Fellow Member of the Institute of Singapore Chartered Accountants. 
Working experience and occupation Mr Ng joined Singapore Post Limited (“SingPost”) in 2006, bringing with him more than 20 years of experience in key financial and managerial positions. In October 2011, he was appointed as Group Chief Financial Officer overseeing SingPost’s strategic acquisitions, finance and property management functions. Before joining SingPost, Mr Ng was the Executive Director of Valen Technologies (S) Pte Ltd. His career history included employment with KPMG, Banque Paribas (Singapore Branch), Data General Hong Kong Ltd and Gul Technologies Singapore Ltd.

He was the Chairman of Singapore Post Enterprise Private Limited and director of several boards of SingPost’s subsidiaries which include SingPost Investments Pte Ltd, Collective Developers Sdn Bhd, The Innovations Group, Inc. and Shenzhen 4PX Information and Technology Co. Ltd. 
Directorship of public companies (if any)Nil 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 

Remarks :
Gendar : Male


RAYA - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameRAYA INTERNATIONAL BERHAD (ACE Market) 
Stock Name RAYA  
Date Announced31 Jul 2014  
CategoryGeneral Announcement
Reference NoMB-140731-43434

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionRAYA INTERNATIONAL BERHAD (“RAYA” OR THE “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO 11,855,580 NEW ORDINARY SHARES OF RM0.10 EACH IN THE COMPANY (“RAYA SHARES” OR “SHARES”) REPRESENTING APPROXIMATELY TEN PERCENT (10%) OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF RAYA (“PROPOSED PRIVATE PLACEMENT”)

Unless stated otherwise, definitions used in this announcement shall carry the same meaning as defined in the announcement dated 16 December 2013 in respect to, amongst other, Proposed Private Placement.

We refer to the announcements made on 16 December 2013, 19 December 2013, 29 January 2014, 4 February 2014 and 16 July 2014 in relation to the Proposed Private Placement.

On behalf of the Board, AmInvestment Bank wishes to announce that Bursa Securities had, vide its letter dated 25 July 2014 (which was received on 31 July 2014), approved an extension of time of six (6) months from 29 July 2014 until 30 January 2015 for the Company to complete the implementation of the Proposed Private Placement.

This announcement is dated 31 July 2014



MNC - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameM N C WIRELESS BERHAD (ACE Market) 
Stock Name MNC  
Date Announced31 Jul 2014  
CategoryGeneral Announcement
Reference NoCA-140731-49509

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionM N C WIRELESS BERHAD (“MNC” or “the Company”)
- Disposal of ordinary shares of RM0.10 each in Mexter Technology Berhad (“MTB”)

Further to the Company’s announcement dated 30 July 2014, MNC wishes to announce that:-

1. Item (e) of Section 2 of the announcement dated 30 July 2014 shall be amended as follow:

(e)

Net profit arising from the sale of quoted securities

(including write-back of impairment in value of 3,908,000 MTB Shares as at 30 June 2014 of RM117,240)

RM117,837

2. The sale proceed of RM529,557 arising from the Disposal will be utilised as working capital of the Company within a timeframe of 18 months.

This announcement is dated 31 July 2014.



REXIT - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameREXIT BERHAD (ACE Market) 
Stock Name REXIT  
Date Announced31 Jul 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCC-140731-1D2E4

Date of buy back31/07/2014
Description of shares purchasedOrdinary shares
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)80,000
Minimum price paid for each share purchased ($$)0.370
Maximum price paid for each share purchased ($$)0.375
Total consideration paid ($$)29,992.79
Number of shares purchased retained in treasury (units)80,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)7,635,200
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 (%)4.03


N2N - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameN2N CONNECT BERHAD (ACE Market) 
Stock Name N2N  
Date Announced31 Jul 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-140731-3F8BF

Date of buy back31/07/2014
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)160,000
Minimum price paid for each share purchased ($$)0.965
Maximum price paid for each share purchased ($$)0.980
Total consideration paid ($$)155,900.00
Number of shares purchased retained in treasury (units)160,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)3,987,700
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 (%)0.907


SMRT - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameSMRT HOLDINGS BERHAD (ACE Market) 
Stock Name SMRT  
Date Announced31 Jul 2014  
CategoryGeneral Announcement
Reference NoCC-140731-C3E24

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionSMRT HOLDINGS BERHAD ("SMRT" OR "Company")
PROPOSED ACQUISITION BY SMRT OF 30% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF IN-FUSION EDUCATION SDN BHD ("IESB") FOR A PURCHASE CONSIDERATION OF RM10,000,000.00 ("PROPOSED ACQUISITION")

[Unless otherwise stated, the defined terms used in this announcement shall have the same meanings as defined in the announcements dated 24 July 2014 and 30 July 2014 in relation to the Proposed Acquisition]

Further to the announcements dated 24 July 2014 and 30 July 2014 in relation to the Proposed Acquisition, the Board of Directors of SMRT wishes to inform that the fair valuation of RM11,764,141 ascribed by FHMH Corporate Advisory Sdn Bhd ("FHCA") for the 30% equity interest in IESB is as follows :

FHCA valuation

No of ordinary shares – 100% equity in IESB

11,070,000

Fair Valuation by FHCA for 100% equity in IESB (range RM37.72mil-RM39.23mil)

39,230,000

Price per share (RM)

3.544

No of ordinary shares - 30% equity in IESB

3,319,629

Fair Valuation(RM)

11,764,141

Discount - 15% (RM)

-1,764,141

Purchase Consideration after discount (RM)

10,000,000

This announcement is dated 31 July 2014.



MICROLN - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced31 Jul 2014  
CategoryGeneral Announcement
Reference NoCN-140731-17169

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
DescriptionRECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE PURSUANT TO RULE 10.09 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("LISTING REQUIREMENTS")

Pursuant to Rule 10.09 of the Listing Requirements, the Board of Directors of Microlink Solutions Berhad (“MSB” or “the Company”) wishes to announce that Microlink Systems Sdn Bhd (“MSSB”), a wholly-owned subsidiary of the Company has on 31 July 2014 entered into recurrent related party transaction with a related party, Applied Business Systems Sdn Bhd (“ABS”), a wholly-owned subsidiary of Formis Resources Berhad (“FRB”), the ultimate holding company of MSB (“RRPT”).

Further details of the RRPT are set out in the attachement.

This announcement is dated 31 July 2014.

Attachments

RRPT with ABS 31 07 14.pdf
191 KB



MICROLN - Change of Registrar

Announcement Type: Change of Registrar
Company NameMICROLINK SOLUTIONS BERHAD (ACE Market) 
Stock Name MICROLN  
Date Announced31 Jul 2014  
CategoryChange of Registrar
Reference NoCN-140725-38779

Old registrarSYMPHONY SHARE REGISTRARS SDN BHD
New registrarBINA MANAGEMENT (M) SDN BHD
AddressLot 10, The Highway Centre, Jalan 51/205, 46050 Petaling Jaya, Selangor.
Telephone No03-7784 3922
Facsimile No03-7784 1988
Effective date01/08/2014


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